Asahi Kasei Corporation
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

November 6, 2015

Consolidated Results for 1st and 2nd Quarter Fiscal 2015:
April 1, 2015 – September 30, 2015
(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)
Q1–Q2 2015
957,434 [−1.0%]
84,439 [+19.1%]
81,444 [+9.8%]
47,165 [− 4.8%]
33.77—

Q1–Q2 2014
Net sales
966,930 [+5.2%]
Operating income
70,927 [−4.5%]
Ordinary income
74,170 [+1.9%]
Net income attributable to owners of the parent
49,522 [+6.3%]
Net income per share*
35.44
Diluted net income per share*—* Yen
Note: Comprehensive income was ¥26,867 million during Q1–Q2 2015, and ¥84,164 million
during Q1–Q2 2014.
2. Financial position
At end ofTotal assets
Net assets
Net worth/total assets
Net worth per share*

September 2015
2,353,439
1,110,443
46.5%
784.30March 2015
2,014,531
1,097,722
53.7%
775.05* Yen
Notes:• Net worth consists of shareholders’ equity and accumulated other comprehensive income.
• Net worth as of September 30, 2015, was ¥1,095,524 million; as of March 31, 2015, ¥1,082,654
million.
II. Cash Dividends
Fiscal year
2014
2015
2015 (forecast)

Q1——

Cash dividends per share*
Q2
Q3
Q4
9.00
—
10.00
10.00
—
10.00

Total annual
19.00
20.00
* Yen

Note: No revision of cash dividend forecast was made subsequent to the latest announced forecast.

Asahi Kasei
Consolidated Results

November 6, 2015
1/13

III. Forecasts for Fiscal 2015 (April 1, 2015 – March 31, 2016)
1. Latest forecasts (percent change from results in year-ago period in brackets)
Net sales
Operating income
Ordinary income
Net income attributable to owners of the parent
Net income per share*

For the fiscal year
2,000,000 [+0.7%]
164,000 [+3.8%]
161,500 [−3.0%]
91,000 [−13.9%]
65.15
* Yen

2. Comparison of previous and revised fiscal 2015 forecasts

Net sales
Operating income
Ordinary income
Net income attributableto owners of the parent

Previous
forecast
2,000.0
164.0
166.5

Revisedforecast
2,000.0
164.0
161.5

Increase(decrease)
–
–
(5.0)

(billions of yen)cf. fiscal 2014
results
1,986.4
157.9
166.5

106.0

91.0

(15.0)

105.7

Notes:• 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.
• The forecast for fiscal 2015 announced on May 12, 2015, has been revised.
IV. Other Information
1. Changes in significant subsidiaries which affected scope of consolidation during the period:
Addition of two new subsidiaries: Polypore International, Inc. and Asahi Kasei Energy Storage
Materials, Inc.
2. Special accounting methods for preparation of the consolidated financial statements
Income tax expenses: A reasonable estimate of the effective tax rate after applying tax-effectaccounting for the current fiscal year is made, and quarterly income before income taxes is multipliedby the corresponding effective tax rate.
3. Changes in accounting policies, changes in accounting estimates, and retroactive restatement
Changes in accounting policy
The Accounting Standards Board of Japan (ASBJ) issued ASBJ Statement No. 21 “Revised
Accounting Standard for Business Combinations,” ASBJ Statement No. 22 “Revised AccountingStandard for Consolidated Financial Statements,” and ASBJ Statement No. 7 “Revised AccountingStandard for Business Divestitures.” These revised accounting standards are applied from the firstquarter of the fiscal year ending March 31, 2016. Accordingly, differences resulting from changes
in ownership interest in a subsidiary when control over the subsidiary is retained are recorded undercapital surplus, and costs related to acquisition of increased ownership interest are recognized in the
period in which they arise. Also, transitional accounting is applied to business combinations
performed on or after the beginning of the first quarter of the fiscal year ending March 31, 2016, withrevision of purchase price allocation applied to the quarterly consolidated financial statements during
the quarter in which the date of the business combination occurs. The presentation method of net
Asahi Kasei
Consolidated Results

November 6, 2015
2/13

income was amended, and “minority interests” were changed to “non-controlling interests.” Forcomparison purposes, information for the first to second quarter of the fiscal year ended March 31,
2015, and for the fiscal year ended March 31, 2015, is shown in accordance with the new standards inthe accompanying consolidated financial statements.
In the statements of cash flows for the first to second quarter of the fiscal year ending March 31,
2016, cash flows from purchases or sales of shares of subsidiaries that do not result in changes inscope of consolidation are included in cash flows from financing activities, while cash flows fromexpenses related to purchases of shares of subsidiaries that result in changes in scope of consolidationand expenses related to purchases or sales of shares of subsidiaries that do not result in changes inscope of consolidation are included in cash flows from operating activities.
Transitional accounting in accordance with Article 58, Paragraph 2, Item 4, of ASBJ Statement No.
21, Article 44, Paragraph 5, Item 4, of ASBJ Statement No. 22, and Article 57, Paragraph 4, Item 4,of ASBJ Statement No. 7 is applied from the beginning of the first quarter of the fiscal year ending
March 31, 2016.
As a result, operating income, ordinary income, and income before income taxes each decreased by¥1,942 million in the April–September period of 2015.
4. Number of shares outstanding

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

Q1–Q2 2015
1,402,616,332
5,798,475
1,396,844,291

FY 2014
1,402,616,332
5,742,862
1,397,242,864** Q1–Q2 2014

V. Overview of Consolidated Results
1. Consolidated group results
Although slower growth continued in China and other emerging economies, the global economy
overall was on a path of gradual recovery during the April–September period of fiscal 2015,
including recovery in Europe and signs of growth in consumer spending and capital expenditure in
the US. The Japanese economy saw steady consumer spending along with firm corporate
performance and capital expenditure, but uncertainty persisted regarding the risk of further
downturn in emerging economies and instability of the overseas situation.
Consolidated net sales of Asahi Kasei Corp. and its consolidated subsidiaries and equitymethod affiliates (the Asahi Kasei Group) decreased by ¥9.5 billion (1.0%) from a year ago to¥957.4 billion with lower market prices for petrochemical products in chemicals operations.
Operating income increased by ¥13.5 billion (19.1%) from a year ago to ¥84.4 billion with lower
feedstock costs in chemicals operations and steady expansion of critical care operations. Ordinary
income increased by ¥7.3 billion (9.8%) to ¥81.4 billion, and net income attributable to owners of
the parent decreased by ¥2.4 billion (4.8%) to ¥47.2 billion.
2. Results by operating segment
The Asahi Kasei Group’s operations are described by major business classification: four reportablesegments of Chemicals & Fibers, Homes and Construction Materials, Electronics, and Health Care,
together with an “Others” category. Beginning with the second quarter of fiscal 2015, results of
Polypore International, Inc. and its consolidated subsidiaries (collectively “Polypore”), acquired on
August 26, 2015 (US Eastern time), are included in the Electronics segment.
CHEMICALS & FIBERS
Sales decreased by ¥34.2 billion (7.2%) from a year ago to ¥443.3 billion, and operating income
increased by ¥12.3 billion (46.3%) to ¥38.9 billion.
Among chemicals operations, market prices for petrochemicals were pulled down by falling
Asahi Kasei
Consolidated Results

November 6, 2015
3/13

oil and naphtha prices, although terms of trade for styrene monomer improved substantially as thefeedstock price fall exceeded the product price decline. In performance polymers, shipments ofengineering plastics increased and terms of trade improved due to lower feedstock costs. In
specialty products, the effect of the weaker yen was most notable for ion-exchange membranes,
while shipments of Saran Wrap™ cling film increased.
In fibers operations, the effect of the weaker yen was most notable for Bemberg™ cupro
fiber, while shipments of Lamous™ artificial suede for automotive interiors and of Bemliese™
continuous-filament cellulose nonwoven for facial masks increased.
HOMES & CONSTRUCTION MATERIALS
Sales increased by ¥1.2 billion (0.4%) from a year ago to ¥283.6 billion, and operating income
decreased by ¥1.8 billion (6.2%) to ¥27.0 billion.
Among homes operations, in order-built homes, deliveries decreased for Hebel Haus™ unit
homes. In real estate operations, rental management performed well. In remodeling, orders
increased centering on renovation work and equipment installation.
In construction materials operations, shipments of Hebel™ autoclaved aerated concrete(AAC) panels decreased, while feedstock costs declined and sales of Neoma™ high-performance
phenolic foam insulation panels were firm.
ELECTRONICS
Sales increased by ¥7.3 billion (9.9%) from a year ago to ¥81.3 billion, and operating income
increased by ¥0.7 billion (9.1%) to ¥8.0 billion.
In electronic devices operations, shipments of electronic compasses decreased, but
operations benefitted from the weaker yen, and sales of audio LSIs and devices for camera modules
for smartphones were firm.
In electronic materials operations, the weaker yen contributed to performance, and sales ofHipore™ Li-ion battery separator were firm.
Beginning with the second quarter of fiscal 2015, results of Polypore are included in thissegment. The effect on operating income from amortization of goodwill and other intangible
assets, etc. related to the acquisition of Polypore was ¥1.7 billion.
HEALTH CARE
Sales increased by ¥21.9 billion (18.0%) from a year ago to ¥143.3 billion, and operating income
increased by ¥5.7 billion (38.2%) to ¥20.7 billion.
In pharmaceuticals operations, shipments of Flivas™ agent for treatment of benign prostatic
hyperplasia decreased due to competition from generics, while sales of Teribone™ osteoporosis
drug and Recomodulin™ recombinant thrombomodulin were firm.
Medical devices operations benefited from the weaker yen, while shipments increased for
dialysis products, therapeutic apheresis devices, and Planova™ virus removal filters.
In critical care operations, the LifeVest™ wearable defibrillator business continues toexpand smoothly, and sales of other products such as defibrillators and related accessories
increased, but selling, general and administrative expenses grew with reinforced sales activity.
OTHERS
Sales in “Others” decreased by 5.7 billion (49.0%) from a year ago to ¥5.9 billion, and operating
income decreased by 0.6 billion (79.7%) to ¥0.1 billion.

Asahi Kasei
Consolidated Results

November 6, 20154/13

VI. 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
Net defined benefit asset
Deferred tax assets
Other
Allowance for doubtful accounts
Subtotal
Total noncurrent assets
Total assets

Asahi Kasei
Consolidated Results

At end ofMarch 2015

At end of
Sept. 2015

123,821
325,568
1,802
161,554
112,81365,311
21,70780,520(1,517)
891,579

160,911
307,958
1,839
174,341
129,323
70,44921,95974,989(1,900)939,869

471,033(261,352)
209,681
1,345,790(1,170,771)
175,019
59,287
13,054(10,232)
2,822
37,566
143,593(125,461)
18,133
502,507492,329(265,872)
226,457
1,376,109(1,174,076)
202,032
61,03912,775(10,590)
2,184
49,008147,017(127,424)
19,593560,313

153,835
132,241
286,076

333,755
209,753
543,508289,393
9,952
2,929
11,35121,016(273)
334,368
1,122,952
2,014,531

264,890
9,773
3,083
11,043
21,265(304)
309,750
1,413,571
2,353,439

November 6, 2015
5/13

Liabilities
Current liabilities
Notes and accounts payable–trade
Short-term loans payable
Commercial paper
Lease obligations
Accrued expenses
Income taxes payable
Advances received
Provision for periodic repairs
Provision for product warranties
Provision for removal cost of property, plant andequipment
Provision for loss on litigation
Asset retirement obligations
Other
Total current liabilities
Noncurrent liabilities
Bonds payable
Long-term loans payable
Lease obligations
Deferred tax liabilities
Provision for periodic repairs
Provision for removal cost of property, plant andequipment
Provision for loss on litigation
Net defined benefit liability
Asset retirement obligations
Long-term guarantee deposits
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
Net unrealized gain on other securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets

Asahi Kasei
Consolidated Results

At end ofMarch 2015

At end of
Sept. 2015

151,867
96,015—
1,383
101,164
10,20374,6752,396
2,562

149,263
331,388
12,0001,159
93,07545,551
84,952
2,772
2,422

2,832

2,188

—
533
63,817507,449

2,856
539
77,239805,403

40,000130,400
1,219
57,943
1,248

40,000125,469702
85,745
733

7,865

7,052

2,316
142,035
3,506
19,146
3,683
409,360
916,809

2,311
142,949
3,567
19,034
10,031
437,593
1,242,996

103,389
79,408699,259(3,041)
879,014103,389
79,409732,456(3,100)912,153

113,562(1,697)
99,531(7,757)
203,639
15,0681,097,722
2,014,531

105,114(270)
85,149(6,622)
183,371
14,9191,110,443
2,353,439

November 6, 20156/13

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
Foreign exchange gains
Other
Total non-operating income
Non-operating expenses
Interest expense
Equity in losses of affiliates
Foreign exchange loss
Other
Total non-operating expenses
Ordinary income
Extraordinary income
Gain on sales of investment securities
Gain on sales of noncurrent assets
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
Business structure improvement expenses
Provision for loss on litigation
Total extraordinary loss
Income before income taxes
Total income taxes
Net income
Net income attributable to non-controlling interests
Net income attributable to owners of the parent

Asahi Kasei
Consolidated Results

Q1–Q2 2014
966,930
707,035
259,896
188,969
70,927

Q1–Q2 2015
957,434
667,380
290,053
205,61484,439

651
2,075
1,202
1,970
1,507
7,405

724
2,585
—
—
1,546
4,854

1,553
—
—
2,609
4,162
74,170

1,696
1,848
796
3,509
7,849
81,444

2,274
244
2,518

25
96
122

112
505
1,238
140
562
—
2,555
74,13324,16649,967445
49,522

—
250
1,514
381
571
2,901
5,618
75,94828,27947,669504
47,165

November 6, 2015
7/13

2) Statements of comprehensive income

Net income
Other comprehensive income
Net increase (decrease) in unrealized gain on othersecurities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Share of other comprehensive income of affiliates
accounted for using equity method
Total other comprehensive income
Comprehensive income
Comprehensive income attributable to:
Owners of the Parent
Non-controlling interests

Asahi Kasei
Consolidated Results

Q1–Q2 2014
49,967

Q1–Q2 2015
47,6699,683(8,472)

107
20,503
1,842

1,427(12,602)
1,178

2,062

(2,333)34,197
84,164(20,802)
26,867

83,300864

26,897(31)

November 6, 20158/13

3. 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
Decrease in provision for periodic repairs
Increase (decrease) in provision for product warranties
Decrease in provision for removal cost of property, plant andequipment
Increase in provision for loss on litigation
Decrease in net defined benefit liability
Interest and dividend income
Interest expense
Equity in (earnings) losses of affiliates
Gain on sales of investment securities
Loss on valuation of investment securities
Gain on sale of property, plant and equipment
Loss on disposal of noncurrent assets(Increase) decrease in notes and accounts receivable–trade
Increase in inventories
Increase (decrease) in notes and accounts payable–trade
Decrease in accrued expenses
Increase in advances received
Other, net
SubtotalInterest and dividend income, received
Interest expense paid
Income taxes paid
Net cash provided by 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 shares in subsidiaries resulting in change in scope of
consolidation
Payments for transfer of business
Payments of loans receivableCollection of loans receivable
Other, net
Net cash used in investing activities

Asahi Kasei
Consolidated Results

Q1–Q2 2014

Q1–Q2 2015

74,13340,615
140
4,334
(79)
(5,197)
185

75,94844,143
381
6,042
(79)
(139)
(140)

(870)

(1,456)—(1,766)(2,726)
1,553(1,202)(2,162)
505
(244)
1,238
(5,504)(19,749)
15,484(2,388)2,696(1,956)
97,038
3,941(1,549)(56,404)
43,0252,901(2,164)(3,309)
1,696
1,848
(25)
250
(96)
1,514
25,426(20,481)(4,397)(10,731)
10,2094,208
131,550
4,441(1,669)(22,295)
112,027(7,520)6,485(43,920)322(5,809)
(227)
4,961

(3,671)
10,430(41,627)249(4,698)(1,523)176—(194,431)—(3,339)2,949(1,686)(47,783)(200)(1,776)1,796(251)(235,525)

November 6, 2015
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Cash flows from financing activities
Net (decrease) increase in short-term loans payable
Increase in 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 non-controlling interests
Other, net
Net cash (used in) provided by financing activities
Effect of exchange rate change on cash and cash equivalents
Net (decrease) increase in cash and cash equivalents
Cash and cash equivalents at beginning of period
Increase in cash and cash equivalents resulting from changes in scopeof consolidation
Cash and cash equivalents at end of period

Q1–Q2 2014

Q1–Q2 2015

(30,683)
8,000
5,859
(7,320)(1,036)(302)
7(13,974)(582)
4(40,027)
1,899(42,885)
143,139

247,742
12,0004,145(83,737)
(779)
(62)
5
(13,969)(559)
260
165,044(4,067)37,480112,297

100

6,273

100,354

156,051

4. Notes to consolidated financial statements
Contingent liabilities
It has become clear that Asahi Kasei Construction Materials Corp., a consolidated subsidiary of Asahi
Kasei Corp., which performed pile installation work as secondary subcontractor for the constructionof a condominium complex in Yokohama, Kanagawa, Japan, submitted incorrect data in the pile
installation report for the 473 precast concrete piles installed for this project. There was diversion
and modification of ammeter data obtained when boring holes for installation regarding 38 piles, anddiversion and modification of flowmeter data for the injection of cement milk for consolidation ofpile tips regarding 45 piles. Combining the two figures, without double-counting the 13 piles thatare included in both, there were 70 piles for which incorrect data was included in the installation
report.
Asahi Kasei Corp. has established a task force and a fact-finding committee within the company
together with an independent commission to advance investigation. On October 22, 2015, Asahi
Kasei Construction Materials Corp. reported its record of similar pile installation work over the past
10 years to Japan’s Ministry of Land, Infrastructure, Transport and Tourism. Efforts are now
proceeding to confirm whether or not there was manipulation of installation data regarding the 3,040
relevant construction projects, with results scheduled to be disclosed on November 13, 2015.
Progress as of November 6, 2015, is as follows:
The person who worked as the site agent for the installation of piles for which manipulation ofdata was found for the Yokohama condominium construction project was the site agent for 41 of the
3,040 projects. Manipulation of data was found for 19 of the 41 projects, including the Yokohama
project. During the course of investigation, it was also found that the same person also worked as
deputy site agent for 1 project and as installation technician for 1 project. No manipulation of data
was found regarding these 2 projects, but cross-checking with the prime contractor for 1 of the 2 has
not been completed. Confirmation regarding the remainder of the 3,040 projects is proceeding withpriority on schools as well as medical and care facilities. Further work is proceeding in order to
identify the prime contractor in cases where contact has not been possible due to change of address,etc.
During the course of investigation it has also been found that manipulation of data occurred for
projects at which the site agents were persons other than the person who was the site agent for the
Yokohama project. In these cases, as with the Yokohama case, investigation is proceeding toAsahi Kasei
Consolidated Results

November 6, 2015
10/13

identify the circumstances of, and motivation for, the manipulation of data.
The fact-finding committee of Asahi Kasei Corp. is investigating all the cases of manipulation ofdata which have been identified in connection with the different site agents, by interviewing relatedparties, examining available documents, etc., while receiving guidance and counsel from theindependent commission. Regarding inquiries from prime contractors and local governments,
information is provided promptly.
Regarding construction projects for which manipulation of data has been found, provision ofdata and other cooperation is provided to enable the prime contractors to swiftly inform thecustomers, etc. Cooperation is also provided to the prime contractors regarding confirmation of thesafety of the current condition of the structures that were built.
Although there is a possibility that an effect on the consolidated results of Asahi Kasei Corp. may
emerge such as the recording of a reserve, no such effect is reflected in the consolidated financial
statements for the April–September period of 2015 due to the difficulty of making a rational estimateof the amount of financial impact from this matter as of the time of preparation of the consolidated
financial statements.
VII. Additional Information
Note: Results of Polypore, acquired on August 26, 2015 (US Eastern time), are included in the Electronics segment.

1. Consolidated net sales and operating income by segment
1) Consolidated net sales by segment

Chemicals
FibersChemicals & Fibers
Homes
Construction Materials
Homes & Construction Materials
Electronics
Health Care
Critical Care
Health Care
Others
Total

Asahi Kasei
Consolidated Results

Q1–Q2
2014
413.1
64.4
477.5
256.0
26.5
282.5
74.0
73.3
48.1
121.4
11.6
966.9

Q1–Q2
2015
376.5
66.8
443.3
258.0
25.6
283.6
81.3
75.6
67.7
143.3
5.9
957.4

Increase(decrease)(36.6)
2.5(34.2)
2.0
(0.9)
1.2
7.3
2.3
19.6
21.9
(5.7)
(9.5)

(billions of yen)
Fiscal 2015
forecast
740.0
134.0
874.0
587.0
50.0
637.0
182.0
148.0
142.0
290.0
17.0
2,000.0

November 6, 2015
11/13

2) Consolidated operating income by segment

Chemicals
FibersChemicals & Fibers
Homes
Construction Materials
Homes & Construction Materials
Electronics
Health Care
Critical Care
Health Care
OthersCombined
Corporate expenses and eliminations
Total

Q1–Q2
2014
22.0
4.7
26.6
27.0
2.1
28.8
7.4
14.7
0.3
15.0
0.7
78.4
(7.5)
70.9

Q1–Q2
2015
31.6
7.3
38.9
24.4
3.1
27.0
8.0
15.9
4.8
20.7
0.1
94.8
(10.3)
84.4

Increase(decrease)
9.7
2.6
12.3
(2.5)
1.0
(1.8)
0.7
1.2
4.5
5.7
(0.6)
16.4
(2.9)
13.5

(billions of yen)
Fiscal 2015
forecast
59.0
13.0
72.0
62.0
5.0
66.5
9.0
25.0
12.0
37.0
0.5
185.0
(21.0)
164.0

Note: Figures for operating income by business category within segments include intrasegment transactions which
are eliminated from the segment totals.

2. Operating income increases/decreases by segment(billions of yen)
Increase (decrease) due to:

Chemicals
FibersChemicals & Fibers
Homes
Construction
Materials
Homes &
Construction Materials
Electronics
Health Care
Critical Care
Health Care
OthersSubtotal
Corporate expenses andeliminations
Consolidated

Asahi Kasei
Consolidated Results

Operating costs
and others

Net increase(decrease)

Sales
volumeSales prices [of which, due
to foreign exchange]

0.0
1.0
1.0
(1.2)

(35.8)
1.3(34.5)
(0.3)

16.9
1.5
18.4
—

45.5
0.3
45.8
(1.0)

9.7
2.6
12.3
(2.5)

(0.4)

0.2

—

1.2

1.0

(1.6)

(0.1)

—

(0.0)

(1.8)

0.9
1.1
8.4
9.5
0.2
10.0

2.8
0.2
(1.2)
(1.0)
—
(32.9)

6.6
1.1
(1.4)
(0.3)
—
24.7

(3.0)
(0.1)
(2.6)
(2.8)
(0.8)
39.2

0.7
1.2
4.5
5.7
(0.6)
16.4

—

—

—

(2.9)

(2.9)

10.0

(32.9)

24.7

36.4

13.5

November 6, 201512/13

3. Major financial metrics (consolidated)(billions of yen, except employees and D/E ratio)
Q1–Q2
Q1–Q2
Fiscal 2015
2014
2015
forecast
36.8
38.3
90.0
5.9
3.9
16.0
40.6
44.1
94.0
36.0
38.7
85.0
1.1
1.6
(2.1)
(2.6)
29,862
32,7900.29
0.47

Capital expenditure (tangible)
Capital expenditure (intangible)
Depreciation and amortization*
R&D expenses
Balance of paymentsof which, dividends received
Employees at end of period
D/E ratio* Excluding amortization of goodwill.

4. Contract trends for home construction operations
Q1–Q2
2014
10,174
217.6
516.3
7,924
182.9

No. of orders received (home units)
Value of orders received (¥ billion)
Backlog of orders (¥ billion)
No. of sales (home units)
Value of sales (¥ billion)

Q1–Q2
2015
9,614
217.3
554.6
7,705
177.2

Increase(decrease)
(560)
(0.4)
38.3
(219)
(5.7)

Fiscal 2015
forecast
20,420435.7
547.2
18,550403.0

5. Key operating factors

Naphtha price(yen/kL, domestic)
Exchange rates(market average)

Yen/US$
Yen/€

Q1–Q2
2014

Q1–Q2
2015

Increase(decrease)

Fiscal 2015
forecast

70,40048,000(22,400)

45,000

103
139

122
135

19
(4)

121
133

6. Interest-bearing debt (consolidated)

Short-term loans payable
Commercial paper
Long-term loans payable
Bonds payable
Lease obligations
Total

Asahi Kasei
Consolidated Results

At end ofMarch 2015
96.0
—
130.4
40.0
2.6
269.0

At end of
Sept. 2015
331.4
12.0
125.5
40.0
1.9
510.7

(billions of yen)
Increase(decrease)
235.4
12.0
(4.9)
—
(0.7)
241.7

November 6, 201513/13