Notice of revision of consolidated performance forecast and dividend forecast | 2019 | News | Asahi Kasei
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Notice of revision of consolidated performance forecast and dividend forecast

February 7, 2020
Asahi Kasei Corp.

The consolidated performance forecast and dividend forecast for fiscal 2019 (April 1, 2019 – March 31, 2020) announced on November 6, 2019, have been revised as shown below based on recent performance trends.

1.Revision of performance forecast

Net sales
(¥ million)
Operating income
(¥ million)
Ordinary income
(¥ million)
Net income attributable to owners of the parent
(¥ million)
Net income
per share
(¥)
Previous forecast 2,221,000 193,000 199,500 143,000 102.90
Revised forecast 2,190,000 178,500 183,500 127,500 91.89
Decrease (31,000) (14,500) (16,000) (15,500)
Percent change −1.4% −7.5% −8.0% −10.8%
cf. fiscal 2018 2,170,403 209,587 219,976 147,512 105.66

2.Reason for revision of performance forecast

Net sales, operating income, and ordinary income are expected to be lower than previously forecasted in the Material segment with no expectation of notable improvement in market conditions and the impact from a suspension of naphtha cracker operations in January 2020. Net income attributable to owners of the parent is expected to be lower than previously forecasted as an effect of the decrease in ordinary income.

3.Revision of dividend forecast

Cash dividends per share (¥)
At end of Q2 At fiscal year end Total annual
Previous forecast
(November 6, 2019)
18 18 36
Revised forecast 18 16 34
Fiscal 2019 paid 18    
cf. fiscal 2018 17 17 34

4.Reason for revision of dividend forecast

The previous forecast for the fiscal 2019 year-end dividend, announced on November 6, 2019, was reviewed in light of the revised performance forecast. Together with the interim dividend, the total annual dividend for fiscal 2019 is now scheduled to be ¥34 per share.

In accordance with Asahi Kasei's Articles of Incorporation, year-end dividends are determined by resolution of the Board of Directors.

  • Note:This forecast is based on the best information available at this time, but actual outcomes may differ due to a variety of factors which cannot be foreseen.