Asahi Kasei Corporation expected to Report Q3 2010 Results on January 27, 2010. This event was calculated by Capital IQ (Created on November 2, 2009).

Asahi Kasei Corporation reported consolidated earnings results for the first six months ended September 30, 2009. For the period, the company posted an 82% year-on-year fall in its net profit to ¥4.24 billion due to lower market prices in the chemicals segment. Operating profit was down 55% year on year to ¥18 billion, while net sales decreased 22% year on year to ¥658.6 billion.

Asahi Kasei Corporation revised earnings guidance for the second quarter and first half ending September 2009. The company has substantially raised its forecast for its first half to September operating profits to ¥16 billion ($176 million), citing improvement in sales volumes. The new forecast was more than triple the ¥5 billion it had previously guided. Sales for the six-month period would be ¥665 billion, 2.2% higher than the previous forecast as the sharp decline in demand and destocking activities since the onset of the global crisis have abated. The company said it should be able to post a ¥4 billion net profit for the April-to-September 2009 period against an earlier assumption of a break-even.