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News Flash
Asahi Kasei Corp H1 FY20 sales slip 7.4% to ¥989 bn
02 Dec '20
1 min read
Pic: Asahi Kasei
Asahi Kasei Corporation, a global Japanese chemical company, has reported 7.4 per cent sales decline to ¥989.38 billion (Japanese yen) during first half (H1) FY20 ended on September 30, compared to sales of ¥1,068.64 billion in same period last year. Company’s operating income for H1 fell 24.5 per cent to ¥76.76 billion (Q2 FY19: ¥101.69 billion).
Gross profit for the six-month period was ¥322.65 million (¥346.00 million). Selling, general and administrative expenses were slightly up to ¥245.88 million (¥244.30 million). Whereas, net income for H1 FY20 slipped to ¥48.28 million (¥78.77 million).
Sales of Material segment decreased to ¥438.4 billion (¥560.2 billion). Homes sales were ¥338.7 billion (¥333.4 billion). Health Care segment sales jumped during H1 to ¥204.9 billion (¥167.6 billion).
Fibre2Fashion News Desk (JL)
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