Asahi Kasei Corporation
Head Office: 3-3-23 Nakanoshima, Kita-ku, Osaka, JapanTokyo Head Office: 1-105 Kanda Jinbocho, Chiyoda-ku, Tokyo, Japan
Security code: 3407
Contact: Corporate Communications, Phone +81-3-3296-3008, Fax +81-3-3296-3162
May 9, 2012

Consolidated Results for Fiscal Year 2011:
April 1, 2011 – March 31, 2012(All figures in millions of yen, rounded to the nearest million, unless otherwise specified)

I. Summary of Consolidated Results
1. Operating results (percent change from previous year in brackets)

Net sales
Operating income
Ordinary income
Net income
Net income per share*
Diluted net income per share*
Net income/shareholders’ equity
Ordinary income/total assets
Operating income/net sales

FY 2011
1,573,230 [+1.1%]
104,258 [−15.2%]
107,567 [−9.0%]
55,766 [−7.5%]
39.89
—
8.1%
7.6%
6.6%

FY 2010
1,555,945 [+8.5%]
122,927 [+113.3%]
118,219 [+109.7%]
60,288 [+138.4%]
43.11
—
9.3%
8.5%
7.9%
* Yen

Note:
• Comprehensive income—¥62,561 million during fiscal 2011, ¥45,088 million during fiscal 2010.
• Equity in earnings of affiliates—¥669 million during fiscal 2011, ¥2,212 million during fiscal 2010.
2. Financial position
At fiscal year end, March
Total assets
Net assets
Net worth/total assets
Net worth per share*2012
1,410,568
719,28550.1%
505.72

2011
1,425,879
675,60246.5%
474.59* Yen

Note:• Net worth consists of shareholders’ equity and accumulated other comprehensive income.
• Net worth as of March 31, 2012, was ¥706,846 million; as of March 31, 2011, ¥663,566 million.
3. Cash flows
FY 2011141,260(89,503)(91,030)
96,351

Cash flows from operating activities
Cash flows from investing activities
Cash flows from financing activities
Cash and cash equivalents at end of period

Asahi Kasei
Consolidated Results

FY 2010148,128(78,838)(26,144)
134,450

May 9, 2012
1/15

II. Cash Dividends
Cash dividends per share*
Fiscal year
2010
2011
2012
(forecast)

Q1

Q2

Q3

Q4

Total
annual

—
—

5.00
7.00

—
—

6.00
7.00

11.00
14.00

—

7.00

—

7.00

14.00

Total
annualdividend
amount15,381
19,568Dividends/
consolidated
net income

Dividends/
consolidated
net worth

25.5%
35.1%

2.4%
2.9%

29.4%
* Yen

III. Forecast for Fiscal 2012 (April 1, 2012 – March 31, 2013)(percent change from same period of previous year in brackets)

Net sales
Operating income
Ordinary income
Net income
Net income per share*

For Q1–Q2
847,000 [+5.6%]
45,000 [−29.4%]
46,000 [−26.0%]
25,500 [−33.3%]
18.24

For the fiscal year
1,781,000 [+13.2%]
112,000 [+7.4%]
115,000 [+6.9%]
66,500 [+19.2%]
47.58
*Yen

Note:
Performance forecasts are based on the best information available at this time, but actual results may diverge
from these forecasts due to a variety of factors which cannot be foreseen.
IV. Other Information
1. Changes in significant subsidiaries which affected scope of consolidation during the fiscal year: None.
2. Changes in accounting principles/procedures, changes in methods of presentation
1) Change in accounting policy for naphtha resale transactions
Asahi Kasei Chemicals, a subsidiary of Asahi Kasei, resells a portion of the naphtha it has purchased
and then purchases other naphtha for use, in order to improve feedstock quality and reduce production
costs. Through the third quarter of the fiscal year ended on March 31, 2012, the naphtha resaleamount was included in net sales, and the cost for purchase of naphtha which was resold was included
in cost of sales. However, during the fourth quarter of the fiscal year ended on March 31, 2012, a
new accounting method was adopted, under which naphtha resale is not included in net sales, but thedifference between the purchase cost and the resale amount is reflected in cost of sales. This new
accounting method is applied retroactively for the full fiscal year ended on March 31, 2012, and thefiscal year ended on March 31, 2011, has been recalculated accordingly.
This change has been adopted because the resale of naphtha is not considered to be a principal
business operation of Asahi Kasei Chemicals, and naphtha is considered to be a feedstock rather than aproduct itself. As the amount of sales generated through naphtha resale has increased as a proportionof overall sales, it became increasingly desirable to eliminate the effect of such transactions onreported net sales in order to more clearly represent the nature of the business operation. At the
beginning of the fiscal year ended on March 31, 2012, Sanyo Petrochemical, Co., Ltd., which had theresale of naphtha as a principal operation, was merged into its parent company Asahi Kasei Chemicals.
The adoption of this change therefore provides a more clear representation of the operations of Asahi
Kasei Chemicals.
As an effect of this change, both net sales and cost of sales for the fiscal year ended on March
31, 2011, were reduced by ¥42,442 million. However, this has no effect on operating income,ordinary income, and for income before income taxes. Furthermore, this change does not have any
effect on net assets or on per share information.
Asahi Kasei
Consolidated Results

May 9, 2012
2/15

2) Changes in presentation
1. Balance sheets
Through the fiscal year ended on March 31, 2011, provision for noncurrent assets removal expenses
were included in accrued expenses under current liabilities. Beginning in the fiscal year ended on
March 31, 2012, provision for noncurrent assets removal expenses are reported as a separate item.
This is because of a change in the estimate of the removal expenses, as stated above, which led to thedifference being reported on the statements of income as gain on reversal of provision for noncurrent
assets removal expenses under non-operating income. Furthermore, the current and noncurrent
portions of said provision are reported separately under current liabilities and noncurrent liabilities.
The balance sheets for the fiscal year ended on March 31, 2011, have also been adjusted accordingly,
resulting in accrued expenses being ¥8,995 million lower than previously reported, reflecting theseparation of ¥2,885 million as provision for noncurrent assets removal expenses (current portion)
under current liabilities and of ¥6,110 million as provision for noncurrent assets removal expenses(noncurrent portion) under noncurrent liabilities.
2. Statements of income
Through the fiscal year ended on March 31, 2011, contribution was included in others under nonoperating expenses. In the fiscal year ended on March 31, 2012, contribution exceeded 10% of totalof non-operating expenses, and is reported separately. The statements of income for the fiscal year
ended on March 31, 2011, have also been adjusted accordingly, resulting in others under nonoperating expenses being ¥1,009 million lower than previously reported, reflecting the separation of¥1,009 million as contribution. Litigation expenses, which were reported separately in the fiscal year
ended on March 31, 2011, are now less than 10% of total of non-operating expenses and therefore
included in others in the fiscal year ended on March 31, 2012. The corresponding items for the fiscal
year ended on March 31, 2011, have been adjusted accordingly, resulting in ¥1,908 million which had
been reported as litigation expenses now being included in others.
3. Cash flows
Increase (decrease) in provision for noncurrent assets removal expenses, which had been included inincrease (decrease) in accrued expenses under cash flows from operating activities through the fiscal
year ended on March 31, 2011, is reported separately beginning in the fiscal year ended on March 31,
2012. This is due to a change in the balance sheets which resulted in provision for noncurrent assets
removal expenses being reported separately from accrued expenses. The corresponding items for the
fiscal year ended on March 31, 2011, have been adjusted accordingly, resulting in increase (decrease)in accrued expenses being ¥3,754 million lower than previously reported reflecting the separate
reporting of the same amount as increase (decrease) in provision for noncurrent assets removal
expenses.
3) Change in accounting estimates
To prepare for forthcoming expenses for removal of noncurrent assets, an estimate of the required
amount has been set aside as provision for noncurrent assets removal expenses, and this has been
included as part of accrued expenses. A review of the method of removal of a portion of noncurrent
assets has resulted in a lower estimate than previously. Consequently, both ordinary income andincome before income taxes for the fiscal year ended on March 31, 2012, are ¥2,236 million higher
than they would have been using the previous estimate.

3. Number of shares outstanding
Fiscal year ended March
Number of shares outstanding at end of period
Number of shares of treasury stock at end of period
Average number of shares outstanding during period

Asahi Kasei
Consolidated Results

2012
1,402,616,332
4,925,730
1,397,871,803

2011
1,402,616,332
4,420,688
1,398,311,136

May 9, 2012
3/15

V. Summary of Non-Consolidated Results
1. Results for fiscal 2011 (April 1, 2011 – March 31, 2012)(1) Operating results (percent change from previous year in brackets)

Revenue
Operating income
Ordinary income
Net income
Net income per share*
Diluted net income per share*

FY 201159,528 [+105.2%]
42,259 [+198.4%]
43,760 [+196.6%]
44,864 [+185.9%]
32.09—

FY 201029,009 [+70.3%]
14,160 [+342.0%]
14,753 [+217.8%]
15,694 [+141.4%]
11.22
—
* Yen

(2) Financial position
At fiscal year end, March
Total assets
Net assets
Net worth/total assets
Net worth per share*

2012
867,993
417,45048.1%
298.67

2011
709,600
382,95254.0%
273.89* Yen

VI. Overview of Consolidated Results
1. Consolidated group results
The Japanese economy slowed down significantly during the fiscal year, with the global economy being
affected by the sovereign debt crisis in Europe, and with exports to China and other emerging markets
slowing down in second half after having been relatively solid during the early part of the fiscal year.
Although manufacturing activity generally recovered from the stagnant period following the Great East
Japan Earthquake, Japan’s economic circumstances remained challenging, with corporate earnings
suppressed by the persistent strength of the yen and high prices for feedstocks and fuel.
Consolidated net sales of Asahi Kasei Corp. and its consolidated subsidiaries and equity-method
affiliates (the Asahi Kasei Group) increased by ¥17.3 billion (1.1%) to ¥1,573.2 billion with strong
performance in the Homes segment. Operating income decreased by ¥18.7 billion (15.2%) to ¥104.3
billion, largely due to the effect of high feedstock costs and the strong yen in the Chemicals segment.
Ordinary income decreased by ¥10.7 billion (9.0%) to ¥107.6 billion, and net income decreased by ¥4.5
billion (7.5%) to ¥55.8 billion.
2. Results by operating segment
The Asahi Kasei Group’s operations are described by major business classification: six reportablesegments of Chemicals, Homes, Health Care, Fibers, Electronics, and Construction Materials, together
with an “Others” category.
CHEMICALS
Sales decreased by ¥19.7 billion (2.8%) from a year ago to ¥680.1 billion, and operating income decreasedby ¥19.9 billion (30.9%) to ¥44.5 billion.
Operating income from chemicals and derivative products decreased as market demand in China
and other Asian countries declined in the second half, and terms of trade for monomer products such as
acrylonitrile and adipic acid deteriorated significantly due to high prices for naphtha and other feedstocks
and the strong yen. Operating income from polymer products increased as engineering plastics recoveredin the second half after a downturn following the Great East Japan Earthquake, and synthetic rubber for

Asahi Kasei
Consolidated Results

May 9, 20124/15

tires performed well. Operating income from specialty products increased as home-use products such as
Saran Wrap™ performed well, as did functional additives.
HOMES
Sales increased by ¥42.7 billion (10.4%) from a year ago to ¥452.0 billion, and operating income
increased by ¥9.9 billion (27.0%) to ¥46.3 billion. Order for order-built homes increased by ¥17.4 billion
to ¥371.9 billion.
Operating income from order-built homes increased as deliveries of both Hebel Haus™ unit homes
and Hebel Maison™ apartment buildings increased. Operating income from pre-built homes was largely
unchanged from a year ago. Operating income from housing-related operations increased as real-estate
rental operations performed well and remodeling operations expanded steadily.
HEALTH CARE
Sales increased by ¥3.1 billion (2.7%) from a year ago to ¥119.5 billion, and operating income increasedby ¥1.8 (25.0%) billion to ¥8.8 billion.
Although operating expenses in pharmaceuticals operations rose with an increase in the number of
medical representatives and higher R&D expenses, operating income increased with growing sales ofRecomodulin™ recombinant thrombomodulin and the November 2011 launch of sales of Teribone™, a
new osteoporosis drug. In devices-related operations, shipments of Planova™ virus removal filters
increased, but operating income was largely unchanged as the strong yen impacted performance in eachproduct group.
FIBERS
Sales increased by ¥2.1 billion (1.9%) from a year ago to ¥110.8 billion, but operating income decreasedby ¥1.1 billion (25.2%) to ¥3.1 billion.
Although shipments of spunbond in diaper applications increased, shipments of Leona™ nylon 66
filament in airbag applications increased, and Bemberg™ regenerated cellulose performed well, operating
income decreased as the strong yen and high feedstock costs impacted products throughout the segment.
ELECTRONICS
Sales decreased by ¥12.2 billion (7.7%) from a year ago to ¥146.1 billion, and operating income decreasedby ¥7.8 billion (55.0%) to ¥6.4 billion.
Although sales of mixed-signal LSIs for smartphones were firm, operating income in electronic
devices decreased as an effect of a general deterioration in the operating climate which resulted in sluggish
growth in shipment volumes, and by declining product prices and the strong yen. Although sales ofHipore™ Li-ion battery separator increased, operating income in electronic materials decreased withdeclining product prices and high feedstock costs.
CONSTRUCTION MATERIALS
Sales decreased by ¥1.3 billion (2.7%) from a year ago to ¥46.1 billion, and operating income decreasedby ¥0.3 billion (12.8%) to ¥1.8 billion.
Although shipment volumes and product prices of Hebel™ autoclaved aerated concrete panels
were recovering, performance in foundation systems was sluggish, and performance in insulation materials
operations were impacted by the expiration of government policy such as the eco-point program to support
energy conservation.
OTHERS
Sales increased by ¥2.5 billion (15.9%) from a year ago to ¥18.6 billion, and operating income increasedby ¥1.3 billion (74.0%) to ¥3.0 billion.

Asahi Kasei
Consolidated Results

May 9, 2012
5/15

VII. Consolidated Financial Statements
1. Balance sheets

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable, trade
Short-term investment securities
Merchandise and finished goods
Work in process
Raw materials and supplies
Deferred tax assets
Other
Allowance for doubtful accounts
Total current assets
Noncurrent assets
Property, plant and equipment
Buildings and structures
Accumulated depreciation
Buildings and structures, net
Machinery, equipment and vehicles
Accumulated depreciation
Machinery, equipment and vehicles, net
Land
Lease assets
Accumulated depreciation
Lease assets, net
Construction in progress
Other
Accumulated depreciation
Other, net
Subtotal
Intangible assets
Goodwill
Other
Subtotal
Investments and other assets
Investment securities
Long-term loans receivable
Deferred tax assets
Other
Allowance for doubtful accounts
Subtotal
Total noncurrent assets
Total assets

Asahi Kasei
Consolidated Results

At end ofMarch 2011

At end ofMarch 2012

140,319
273,414371
129,898
76,55149,79923,131
63,240(1,072)755,651

102,875
266,056360
138,133
87,45053,623
19,45454,835(1,017)
721,770409,263(231,474)
177,789
1,192,132(1,047,912)
144,220
55,2438,581(3,118)
5,463
22,173
118,718(105,252)
13,466418,354410,057(235,060)
174,997
1,203,905(1,075,668)
128,237
55,667
11,694(4,804)
6,890
37,787
122,426(109,884)
12,542
416,119

5,087
26,015
31,101

8,502
36,68745,189166,317
5,181
22,00527,507(237)
220,773
670,228
1,425,879

177,513
5,559
18,96525,692(240)
227,489
688,798
1,410,568

May 9, 2012
6/15

Liabilities
Current liabilities
Notes and accounts payable, trade
Short-term loans payable
Commercial paper
Lease obligations
Income taxes payable
Accrued expenses
Advances received
Provision for periodic repairs
Provision for product warranties
Provision for noncurrent assets removal cost
Asset retirement obligations
Other
Total current liabilities
Noncurrent liabilities
Bonds payable
Long-term loans payable
Lease obligations
Deferred tax liabilities
Provision for retirement benefits
Provision for directors’ retirement benefits
Provision for repairs
Provision for noncurrent assets removal cost
Asset retirement obligations
Long-term guarantee deposited
Other
Total noncurrent liabilities
Total liabilities
Net assets
Shareholders’ equity
Capital stock
Capital surplus
Retained earnings
Treasury stock
Total shareholders’ equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Total accumulated other comprehensive income
Minority interests
Total net assets
Total liabilities and net assets

Asahi Kasei
Consolidated Results

At end ofMarch 2011

At end ofMarch 2012

136,407108,889
23,000
1,522
24,08588,75052,346
3,239
2,465
2,885
512
39,668483,768

143,194
74,49015,0002,207
8,380
92,663
49,950
6,045
2,151
1,818
460
53,242449,600

25,00091,722
3,802
6,374
107,309
1,119
2,131
6,110
3,316
18,3401,284
266,509750,277

25,00062,7104,707
11,402
106,277
806
1,977
4,204
3,242
18,286
3,072
241,683
691,283

103,389
79,402478,681(2,115)659,357

103,389
79,404516,401(2,388)696,805

29,647(140)(25,299)
4,209
12,036675,602
1,425,879

40,148(1,734)(28,374)
10,04012,439719,285
1,410,568

May 9, 2012
7/15

2. Statements of income and statements of comprehensive income(1) Statements of income

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating income
Non-operating income
Interest income
Dividends income
Equity in earnings of affiliates
Gain on reversal of provision for noncurrent assets
removal cost
Other
Total non-operating income
Non-operating expenses
Interest expense
Foreign exchange loss
Contribution
Other
Total non-operating expenses
Ordinary income
Extraordinary income
Gain on sales of investment securities
Gain on sales of noncurrent assets
Reversal of allowance for doubtful accounts
Gain on business transfer
Gain on step acquisitions
Total extraordinary income
Extraordinary loss
Loss on sales of investment securities
Loss on valuation of investment securities
Loss on disposal of noncurrent assets
Impairment loss
Environmental expenses
Cumulative adjustment for adoption of accounting
standard for asset retirement obligation
Loss on disaster
Business structure improvement expenses
Total extraordinary loss
Income before income taxes
Income taxes—current
Income taxes—deferred
Total income taxes
Income before minority interests
Minority interests in income
Net income

Asahi Kasei
Consolidated Results

FY 2010
1,555,945
1,151,204
404,741
281,814
122,927

FY 2011
1,573,230
1,178,968
394,261
290,003104,258

1,118
2,273
2,212

1,434
2,744
669

—

2,236

4,248
9,851

3,734
10,817

3,313
3,880
1,009
6,357
14,560118,219

2,685
162
979
3,681
7,507
107,567

416
463
84
736
—
1,699

191
494
—
—
2,277
2,961

380
651
4,879
2,404
1,185

—
1,898
3,546
460
277

1,240

—

821
10,016
21,576
98,342
39,628(2,952)
36,67561,667
1,379
60,2881,027
8,454
15,662
94,86631,152
6,829
37,981
56,885
1,119
55,766

May 9, 20128/15

(2) Statements of comprehensive income

Income before minority interests
Other comprehensive income
Net decrease in unrealized gain on other securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Share of other comprehensive income of associates
accounted for using equity method
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of theparentComprehensive income attributable to minority interests

Asahi Kasei
Consolidated Results

FY 2010
61,667FY 201156,885(7,059)(31)(7,114)

10,553(1,594)(1,029)(2,375)(2,255)(16,579)
45,088

5,676
62,56144,042

61,597

1,047

963

May 9, 2012
9/15

3. Statements of changes in net assets

Shareholders’ equity
Capital stock
Balance at beginning of fiscal year
Balance at end of fiscal year
Capital surplus
Balance at beginning of fiscal year
Changes during the fiscal year
Disposal of treasury stock
Total changes of items during the period
Balance at end of fiscal year
Retained earnings
Balance at beginning of fiscal year
Changes during the fiscal year
Dividends from surplus
Net income
Change of scope of consolidation
Change of scope of equity method
Increase by corporate division
Effect of change in accounting period of subsidiaries andaffiliates
Total changes of items during the period
Balance at end of fiscal year
Treasury stock
Balance at beginning of fiscal year
Changes during the fiscal year
Purchase of treasury stock
Disposal of treasury stock
Total changes of items during the period
Balance at end of fiscal year
Total shareholders’ equity
Balance at beginning of fiscal year
Changes during the fiscal year
Dividends from surplus
Net income
Purchase of treasury stock
Disposal of treasury stock
Change of scope of consolidation
Change of scope of equity method
Increase by corporate division
Effect of change in accounting period of subsidiaries andaffiliates
Total changes of items during the period
Balance at end of fiscal year

Asahi Kasei
Consolidated Results

FY 2010

FY 2011103,389
103,389

103,389
103,389

79,40379,402(0)(0)
79,4021
179,404432,114478,681(13,984)
60,288307(43)—(18,173)
55,766
—
(111)
71

—

168

46,568478,681

37,720516,401(2,017)(2,115)

(116)
18
(98)
(2,115)

(291)
18
(273)
(2,388)612,888659,357(13,984)
60,288
(116)
18
307
(43)
—

(18,173)
55,766
(291)
19
—
(111)
71

—

168

46,469659,357

37,448696,805

May 9, 201210/15

Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Balance at beginning of fiscal year
Changes during the fiscal year
Net changes of items other than shareholders’ equity
Total changes of items during the period
Balance at end of fiscal year
Deferred gains or losses on hedges
Balance at beginning of fiscal year
Changes during the fiscal year
Net changes of items other than shareholders’ equity
Total changes of items during the period
Balance at end of fiscal year
Foreign currency translation adjustment
Balance at beginning of fiscal year
Changes during the fiscal year
Net changes of items other than shareholders’ equity
Total changes of items during the period
Balance at end of fiscal year
Total accumulated other comprehensive income
Balance at beginning of fiscal year
Changes during the fiscal year
Net changes of items other than shareholders’ equity
Total changes of items during the period
Balance at end of fiscal year
Minority interest
Balance at beginning of fiscal year
Changes during the fiscal year
Net changes of items other than shareholders’ equity
Total changes of items during the period
Balance at end of fiscal year
Total net assets
Balance at beginning of fiscal year
Changes during the fiscal year
Dividends from surplus
Net income
Purchase of treasury stock
Disposal of treasury stock
Change of scope of consolidation
Change of scope of equity method
Increase by corporate division
Effect of change in accounting period of subsidiaries andaffiliates
Net changes of items other than shareholders’ equity
Total changes of items during the period
Balance at end of fiscal year

Asahi Kasei
Consolidated Results

FY 2010

FY 201136,692

29,647(7,045)(7,045)29,647

10,501
10,50140,148

(109)

(140)

(31)
(31)
(140)

(1,594)(1,594)(1,734)(16,128)(25,299)(9,170)(9,170)(25,299)(3,075)(3,075)(28,374)

20,455

4,209(16,246)(16,246)
4,209

5,832
5,832
10,04011,346

12,036691
691
12,036403
403
12,439644,688675,602(13,984)
60,288
(116)
18
307
(43)
—

(18,173)
55,766
(291)
19
—
(111)
71

—

168

(15,555)
30,914
675,6026,235
43,683
719,285

May 9, 2012
11/15

4. Statements of cash flows

Cash flows from operating activities
Income before income taxes
Depreciation and amortization
Impairment loss
Amortization of goodwill
Amortization of negative goodwill
Increase (decrease) in provision for periodic repairs
Increase (decrease) in provision for product warranties
Increase (decrease) in provision for noncurrent assets removal cost
Increase (decrease) in provision for retirement benefits
Interest and dividend income
Interest expense
Equity in (earnings) losses of affiliates
Loss (gain) on sales of investment securities
Loss (gain) on valuation of investment securities
Loss (gain) on sales of noncurrent assets
Loss (gain) on disposal of noncurrent assets
Loss (gain) on business transfer
Loss (gain) on step acquisitions
Decrease (increase) in notes and accounts receivable, trade
Decrease (increase) in inventories
Increase (decrease) in notes and accounts payable, trade
Increase (decrease) in accrued expenses
Increase (decrease) in advances received
Other, net
SubtotalInterest and dividend income, received
Interest expense, paid
Income taxes (paid) refund
Net cash provided by (used in) operating activities
Cash flows from investing activities
Payments into time deposits
Proceeds from withdrawal of time deposits
Purchase of property, plant and equipment
Proceeds from sales of property, plant and equipment
Purchase of intangible assets
Purchase of investment securities
Proceeds from sales of investment securities
Purchase of investments in subsidiaries resulting in change in scopeof consolidation
Additional purchase of investments in consolidated subsidiaries
Proceeds from business transfer
Payments of loans receivableCollection of loans receivable
Other, net
Net cash provided by (used in) investing activities

Asahi Kasei
Consolidated Results

FY 2010

FY 2011

98,342
84,092
2,404
1,073
(266)
(2,990)(1,139)3,754(2,050)(3,391)
3,313(2,212)
(36)
651
(463)
4,879
(736)
—
(36,454)(4,841)
13,6182,922
15,309(3,405)
172,376
4,458(3,424)(25,282)
148,128

94,86678,440
460
1,179
(231)
2,652
(317)
(2,973)(999)(4,178)
2,685
(669)
(191)
1,898
(494)
3,546
—
(2,277)
4,918(22,532)
6,859
3,905
(2,488)21,331
185,391
5,555(2,787)(46,899)
141,260(11,720)
6,773(63,651)
1,092(5,333)(7,619)1,303(11,930)
10,917(67,435)
1,205(9,224)(5,251)543—(7,080)

(408)
2,538
(5,840)6,513(2,486)(78,838)——(5,144)
5,224(1,328)(89,503)

May 9, 2012
12/15

Cash flows from financing activities
Increase in short-term loans payable
Decrease in short-term loans payable
Proceeds from issuance of commercial paper
Redemption of commercial paper
Proceeds from long-term loans payable
Repayment of long-term loans payable
Repayments of lease obligations
Purchase of treasury stock
Proceeds from disposal of treasury stock
Cash dividends paid
Cash dividends paid to minority shareholders
Other, net
Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash equivalents
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Increase (decrease) in cash and cash equivalents resulting from changeof scope of consolidation
Effect of change in the reporting period of consolidated
subsidiaries and affiliates
Cash and cash equivalents at end of period

Asahi Kasei
Consolidated Results

FY 2010

FY 2011

71,335(72,682)
46,000(42,000)
6,910(19,878)(1,345)(119)
18(13,984)(547)
147(26,144)(2,698)40,44993,12545,588(76,627)
15,000(23,000)
2,384(32,911)(2,063)(299)
19(18,173)
(805)
(143)
(91,030)(823)(40,096)
134,450

876

1,528

—

469

134,450

96,351

May 9, 2012
13/15

VIII. Segment Information
1. Reporting segments(1) Fiscal 2010

Health Care

FibersElectronics

Construction
Materials

Subtotal

Others

Total

Sales
Customers
699,801
Intersegment
18,657
Total
718,457
Operating income
64,379(loss)
Assets563,034
Other items
Depreciation
31,460
Amortization of443
goodwill
Investments inassociates
36,295accounted for using
equity method
Increase inproperty, plant and23,174equipment, andintangible assets

Homes

Chemicals

Reporting segments

409,224
160
409,384

116,38781
116,468

108,761
1,732
110,493

158,337729
159,066

47,41814,152
61,5701,539,928
35,5101,575,439

16,017
23,95039,9681,555,945
59,461
1,615,406

36,476

7,045

4,197

14,258

2,091

128,4441,706

130,151

265,342

165,277

102,163

178,739

39,5701,314,126

49,2681,363,394

4,266

10,833

6,945

23,882

2,795

80,181

862

81,043

—

610

5

14

—

1,073

—

1,073

—

272

4,124

2,759

—

43,45015,97559,425

6,304

7,427

3,668

20,267

1,684

62,524981

63,505(2) Fiscal 2011

Asahi Kasei
Consolidated Results

Health Care

FibersElectronics

Construction
Materials

Subtotal

Others

Total

Sales
Customers
680,112Intersegment
20,506
Total
700,617
Operating income
44,486
Assets580,351
Other items
Depreciation
29,215
Amortization of435
goodwill
Investments inassociates
34,413
accounted for using
equity method
Increase inproperty, plant and39,080equipment, andintangible assets

Homes

Chemicals

Reporting segments

451,96563452,028
46,340293,452

119,48323
119,506
8,804
180,241

110,849
1,743
112,5933,140
106,000

146,113608
146,721
6,423
162,951

46,146
15,26861,414
1,824
42,6201,554,668
38,211
1,592,879
111,015
1,365,615

18,562
23,66542,2272,969
57,462

1,573,230
61,876
1,635,106
113,984
1,423,077

4,794

10,892

6,445

20,911

2,419

74,676852

75,528

—

657

—

39

—

1,131

47

1,179

—

260

3,825

2,020

—

40,51817,51958,037

6,272

10,678

5,697

13,4291,631

76,787786

77,572

May 9, 2012
14/15

2. Differences between total amounts of reporting segments and recorded amounts on consolidated financial
statements

Sales
Total of reporting segments
Net sales in “Others” category
Elimination of intersegment sales
Net sales on consolidated statements of income

Fiscal 2010
1,575,439
39,968(59,461)
1,555,945

Fiscal 2011
1,592,879
42,227(61,876)
1,573,230

Operating income
Fiscal 2010
Fiscal 2011
Total of reporting segments
128,444
111,015
Operating income in “Others” category
1,706
2,969
Elimination of intersegment sales
708
690
Corporate expenses, etc.*(7,932)(10,416)
Operating income on consolidated statements of
122,927
104,258
income* Corporate expenses, etc. include corporate revenue, basic research expense, and group management
expense, etc. which are not allocated to reporting segments.

AssetsFiscal 2010
Fiscal 2011
Total of reporting segments
1,314,126
1,365,615
Assets in “Others” category
49,26857,462Elimination of intersegment sales(167,618)(206,324)
Corporate assets*
230,103
193,814
Total net assets on consolidated balance sheets
1,425,879
1,410,568* Corporate assets include assets of Asahi Kasei Corp.—surplus operating funds (cash and deposits), longterm investment capital (investment securities, etc.), and land, etc.
IX. Geographic information
1. Net sales(1) Fiscal 2010

Net sales

Japan

China

Other
regions

Total

1,106,656

169,637

279,652

1,555,945

Japan

China

Other
regions

Total

1,151,705

151,286

270,238

1,573,230(2) Fiscal 2011

Net sales

2. Property, plant and equipment
For both fiscal 2010 and 2011, geographic information is not shown because over 90% of the amount ofproperty, plant and equipment on the consolidated balance sheets is located in Japan.

Asahi Kasei
Consolidated Results

May 9, 201215/15