Asahi Kasei Corp. net income rose 33.9% to 70.86 billion yen ($ 621 million) for the first half of Sept. 30, up from 52.9 billion yen in the same period of previous year. Operating income rose 30.9% from 70.76 billion yuan in the same period of last year 92.65 billion yuan, sales increased from 890.7 billion yuan to 964.7 billion yuan, an increase of 8.3%
Revenue from the chemical business increased 45.94% YoY to RMB48.6bn, with sales up 12% YoY to RMB375.2bn. Asahi Kasei Corp. said that the increase in the market price of acrylonitrile boosted the sales and revenue of the petrochemical sector. And sales of high-performance polymers, the company said that due to increased shipments of ion-exchange membrane and electronic materials, high-performance materials and consumables business achieved higher operating profit .
Asahi Fibers business sales rose 6% to 66.1 billion yen, operating profit increased 10% to 6.6 billion yen, the company said Asahi Kasei solid demand for fiber products.
The company's electronics business operating revenue from 300 million yen over the same period last year Biao increased to 5.6 billion yen Asahi Kasei said the separator business, lithium-ion battery separator as the center of the battery separator product shipments have increased substantially Camera Electronics and Home Appliances Sales of electronic devices in magnetic sensors are solid.
Asahi Kasey has revised its forecast for the full fiscal year ended March 31, 2018. The company expects net revenue to grow 21.7% to 140 billion yen and sales up 6.2% to 2.0 trillion yen. Previously expected Net income of 115 billion yen, sales of 1.99 trillion yen is expected that full-year operating income will reach 183 billion yen, an increase of 14.9%.