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
May 12, 2015

Consolidated Results for Fiscal Year 2014:
April 1, 2014 – March 31, 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)

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 2014
1,986,405 [+4.7%]
157,933 [+10.2%]
166,543 [+16.6%]
105,652 [+4.3%]
75.62
—
10.6%
8.5%
8.0%

FY 2013
1,897,766 [+13.9%]
143,347 [+55.9%]
142,865 [+50.2%]
101,296 [+88.6%]
72.48
—
11.7%
7.7%
7.6%
* Yen

Note:
 Comprehensive income—¥214,484 million during fiscal 2014, ¥146,102 million during fiscal 2013.
 Equity in earnings (losses) of affiliates—¥1,738 million during fiscal 2014, ¥(1,756) million during fiscal 2013.
2. Financial position
At fiscal year end, March
Total assets
Net assets
Net worth/total assets
Net worth per share*

2015
2,014,531
1,097,722
53.7%
775.05

2014
1,915,089
925,76647.7%
653.15* Yen

Note:
 Net worth consists of shareholders’ equity and accumulated other comprehensive income.
 Net worth as of March 31, 2015, was ¥1,082,654 million; as of March 31, 2014, ¥912,699 million.
3. Cash flows
FY 2014
137,597(100,470)(74,016)
112,297

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 2013244,152(103,753)(105,070)
143,139

May 12, 2015

1/15

II. Cash Dividends
Cash dividends per share*
Fiscal year
2013
2014
2015 (forecast)

Q1

Q2

Q3

Q4

—
—
—

7.00
9.00
10.00

—
—
—

10.00
10.00
10.00

Total
annual
17.00
19.00
20.00

Total annual
dividend
amount23,756
26,542

Dividends/
consolidated
net income
23.5%
25.1%
26.4%

Dividends/
consolidated
net worth
2.6%
2.7%
* Yen

III. Forecast for Fiscal 2015 (April 1, 2015 – March 31, 2016)(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
959,000 [−0.8%]70,500 [−0.6%]
71,500 [−3.6%]
44,000 [−11.2%]
31.50

For the fiscal year
2,000,000 [+0.7%]
164,000 [+3.8%]
166,500 [−0.0%]
106,000 [+0.3%]
75.88
*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) Changes in accounting policy
Retirement benefits:
The provisions of Article 35 of the Accounting Standard for Retirement Benefits (ASBJ Statement No.
26) and the provisions of Article 67 of the Guidance on Accounting Standard for Retirement Benefits(ASBJ Guidance No. 25) are applied from the fiscal year ended March 31, 2015. The calculation
method for present value of retirement benefit obligations and current service costs has been revised.
The method of attributing retirement benefit obligations to each period has been changed from thestraight-line method to a method of calculating present value of retirement benefit obligations for eachperiod. The method of determining the discount rate used in calculation has been changed from one
where the number of years approximately equal to the average remaining service period of employees
is used as the basis for determining the discount rate to one using a single weighted average discountrate which reflects each forecasted period of payment of retirement benefit obligations and the amountof payment forecasted for each period.
In accordance with the interim measures stipulated in Article 37 of the Accounting Standard for
Retirement Benefits, the effect of the change in the calculation method for present value of retirement
benefit obligations and current service costs is reflected in retained earnings as of the beginning of the
fiscal year ended March 31, 2015.
As a result, net defined benefit liability increased by ¥23,336 million, investment securities decreasedby ¥127 million, and retained earnings decreased by ¥15,741 million as of the beginning of the fiscal
year ended March 31, 2015. The effect on operating income, ordinary income, and income before
income taxes and minority interests in the fiscal year ended March 31, 2015, is immaterial.

Asahi Kasei
Consolidated Results

May 12, 2015

2/15

2) Changes in presentation
Statements of income:In the fiscal year ended March 31, 2015, contribution, which had previously been included in other
under non-operating expenses, exceeded 10% of total non-operating expenses, and is reported
separately, while insurance income, which had previously been reported separately, became 10% orless of total non-operating income, and is included in other under non-operating income. The
statements of income for the fiscal year ended March 31, 2014, have been adjusted accordingly,
resulting in other under non-operating expenses being ¥1,075 million lower than previously reported,reflecting the separation of ¥1,075 million as contribution, and other under non-operating income
being ¥1,132 million higher than previously reported, reflecting the inclusion of ¥1,132 million as
insurance income.
Statements of cash flows:
In the fiscal year ended March 31, 2015, under cash flows from financing activities, increase in shortterm loans payable and decrease in short-term loans payable, which had previously been reported
separately, are reported as a single amount as net increase (decrease) in short-term loans payable,
while proceeds from issuance of commercial paper and redemption of commercial paper, which had
previously been reported separately, are reported as a single net amount as decrease in commercial
paper, in consideration of the short-term nature and rapid turnover of these accounts. The statementsof cash flows for the fiscal year ended March 31, 2014, have been adjusted accordingly, resulting in
the previously reported ¥85,603 million as increase in short-term loans payable and ¥(81,924) million
as decrease in short-term loans payable being combined to ¥3,679 million as net increase (decrease) inshort-term loans payable, and the previously reported ¥85,000 million as proceeds from issuance ofcommercial paper and ¥(145,000) million as redemption of commercial paper being combined to¥(60,000) million as decrease in commercial paper.
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

2015
1,402,616,332
5,742,862
1,397,093,805

2014
1,402,616,332
5,230,736
1,397,501,330

V. Summary of Non-Consolidated Results
1. Results for fiscal 2014 (April 1, 2014 – March 31, 2015)(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*

Asahi Kasei
Consolidated Results

FY 201455,634 [+22.5%]
41,740 [+30.3%]
44,062 [+29.1%]
40,922 [+16.9%]
29.29—

FY 201345,408 [+52.2%]
32,026 [+64.9%]
34,142 [+65.5%]
35,018 [+69.9%]
25.06
—
* Yen

May 12, 20153/15

(2) Financial position
At fiscal year end, March
Total assets
Net assets
Net worth/total assets
Net worth per share*2015
1,056,881
505,43047.8%
361.83

2014
1,084,883
463,20342.7%
331.48* Yen

VI. Overview of Consolidated Results
1. Consolidated group results
Although the US economy continued to recover and there were signs of improvement in Europe during
fiscal 2014, slower growth was seen in China and other emerging countries, while the global economy
faced heightened geopolitical risks due to political instability in certain regions. As for the Japanese
economy, consumer spending softened during the early part of the fiscal year due to the effect of theconsumption tax increase, but in the latter part of the fiscal year the Japanese economy continued on a pathof gradual recovery with the weaker yen and lower oil prices leading to improved corporate performance.
Consolidated net sales of Asahi Kasei Corp. and its consolidated subsidiaries and equity-method
affiliates (the Asahi Kasei Group) increased by ¥88.6 billion (4.7%) from a year ago to ¥1,986.4 billion,
and operating income increased by ¥14.6 billion (10.2%) to ¥157.9 billion. Construction materials
operations and pharmaceuticals operations had lower volumes, but terms of trade in chemicals operations
improved as an effect of the continuing weaker yen and lower oil prices, and performance in critical care
operations was strong. Ordinary income increased by ¥23.7 billion (16.6%) to ¥166.5 billion. Net
income increased by ¥4.4 billion (4.3%) to ¥105.7 billion.
2. Results by operating segment
Beginning with the first quarter of fiscal 2014, the Asahi Kasei Group’s previous seven reportablesegments of Chemicals, Fibers, Homes, Construction Materials, Electronics, Health Care, and CriticalCare, together with an “Others” category, have been changed to the four reportable segments of Chemicals& Fibers, Homes & Construction Materials, Electronics, and Health Care, together with an “Others”
category, in accordance with a change in the governance configuration. The figures for the previous
fiscal year have been recalculated in accordance with the new segment configuration for comparison
purposes.
CHEMICALS & FIBERS
Sales increased by ¥42.1 billion (4.6%) from a year ago to ¥954.6 billion, and operating income increasedby ¥17.2 billion (36.2%) to ¥64.6 billion.
Among chemicals operations, in petrochemicals, market prices for styrene declined, but thestrengthening of petrochemical operations in Japan had a positive effect on performance, and terms oftrade for acrylonitrile improved substantially due to firm market prices and lower feedstock costs.
Performance polymers benefitted from the weaker yen and sales of engineering plastics were firm, but
synthetic rubber was impacted by low market prices for general-purpose products. In specialty products,
sales of ion-exchange membranes were firm, but Saran Wrap™ cling film and other consumables were
impacted by the consumption tax increase.
Bemberg™ cupro fiber was impacted by increased depreciation expenses for a new production
facility, but fibers operations benefitted from the weaker yen, and sales of Bemliese™ continuous-filament
cellulosic nonwoven for facial masks etc., of Lamous™ artificial suede for automotive interiors, and of
Roica™ elastic polyurethane filament were firm.

Asahi Kasei
Consolidated Results

May 12, 2015

4/15

HOMES & CONSTRUCTION MATERIALS
Sales increased by ¥14.4 billion (2.4%) from a year ago to ¥603.8 billion, and operating income decreasedby ¥5.5 billion (8.0%) to ¥63.0 billion.
Among homes operations, in order-built homes, deliveries increased mainly for Hebel Maison™
apartment buildings based on strong orders in the previous fiscal year, but the cost of materials rose andselling, general and administrative expenses increased with higher costs for sales promotion. In realestate, management of rental units was firm. In remodeling, orders decreased in reaction to the surge indemand prior to the consumption tax increase.
In construction materials operations, shipments of Hebel™ autoclaved aerated concrete (AAC)
panels increased, but shipments of Neoma™ high-performance phenolic foam panels decreased as aneffect of the consumption tax increase and the business was impacted by increased depreciation expenses
for a new production line.
ELECTRONICS
Sales increased by ¥5.4 billion (3.7%) from a year ago to ¥150.4 billion, and operating income increasedby ¥0.1 billion (0.4%) to ¥14.3 billion.
Electronic devices operations benefitted from the weaker yen and shipments of electronic devices
for smartphones increased, but cost of goods sold increased due to a devaluation of inventories in relation
to structural improvement of the power management device business continuing from fiscal 2013.
Electronic materials operations benefitted from the weaker yen and sales of high-end products ineach product category increased, but sales prices decreased mainly for Hipore™ Li-ion battery separator.
HEALTH CARE
Sales increased by ¥24.7 billion (10.6%) from a year ago to ¥257.1 billion, and operating income increasedby ¥4.1 billion (15.3%) to ¥30.8 billion.
In pharmaceuticals operations, pharmaceutical products excluding new drugs were impacted by
reduced reimbursement prices, and shipments of Teribone™ osteoporosis drug decreased in reaction to thesurge in demand prior to the consumption tax increase.
In medical devices operations, overseas sales of dialysis products and of therapeutic apheresis
devices were firm and shipments of Planova™ virus removal filters increased, while the weaker yen
contributed to performance.
In critical care operations, the LifeVest™ wearable defibrillator business continues to expand
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” increased by ¥2.0 billion (10.7%) from a year ago to ¥20.5 billion, and operating income
decreased by ¥0.8 billion (45.6%) to ¥0.9 billion.

Asahi Kasei
Consolidated Results

May 12, 2015

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 progress
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 2014

At end ofMarch 2015

151,474
316,705—
151,156
112,243
65,141
27,46968,106(1,894)890,401

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

453,498(250,633)
202,866
1,290,526(1,127,452)
163,074
58,067
13,567(9,095)
4,472
35,216
137,897(121,056)
16,841
480,535

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
502,507

137,679
120,740
258,419

153,835
132,241
286,076

238,419
9,173
2,369
16,27819,751(256)
285,735
1,024,689
1,915,089

289,393
9,952
2,929
11,35121,016(273)
334,368
1,122,952
2,014,531

May 12, 20156/15

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
Asset retirement obligations
Other
Total current liabilities
Noncurrent liabilities
Bonds payable
Long-term loans payable
Lease obligations
Deferred tax liabilities
Provision for directors’ retirement benefits
Provision for periodic repairs
Provision for removal cost of property, plant andEquipment
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
Minority interests
Total net assets
Total liabilities and net assets

Asahi Kasei
Consolidated Results

At end ofMarch 2014

At end ofMarch 2015

159,925
103,605
10,0001,784
93,31348,52080,164
7,964
2,503

151,867
96,015—
1,383
101,164
10,20374,675
2,396
2,562

2,893

2,832

806
65,305
576,782

533
63,817507,449

40,000146,037
2,445
43,441
818
173

40,000130,400
1,219
57,943
—
1,248

9,526

7,865

143,523
3,244
18,8994,434
412,541
989,323

142,035
3,506
19,146
5,998
409,360
916,809103,389
79,404635,403(2,591)
815,605

103,389
79,408699,259(3,041)
879,01475,626(171)
46,734(25,094)
97,095
13,067925,766
1,915,089

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

May 12, 2015

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
Foreign exchange gains
Other
Total non-operating income
Non-operating expenses
Interest expense
Equity in losses of affiliates
Costs associated with idle portion of facilities
Contribution
Other
Total non-operating expenses
Ordinary income
Extraordinary income
Gain on sales of investment securities
Gain on sales of noncurrent assets
Income from compensation for damage
Total extraordinary income
Extraordinary loss
Loss on sales of investment securities
Loss on valuation of investment securities
Loss on disposal of noncurrent assets
Impairment losses
Business structure improvement expenses
Loss on discontinuation of development project
Total extraordinary loss
Income before income taxes and minority interests
Income taxes—current
Income taxes—deferred
Total income taxes
Income before minority interests
Minority interests in income
Net income

Asahi Kasei
Consolidated Results

FY 2013
1,897,766
1,385,704
512,062
368,715
143,347

FY 2014
1,986,405
1,439,344
547,061
389,128
157,933

1,183
3,681
—
425
5,288
10,578

1,389
3,923
1,738
5,197
5,041
17,288

3,375
1,756
1,366
1,075
3,488
11,060142,865

3,056
—
1,168
869
3,586
8,678
166,543

330
1,672
53,53255,534

2,756
382
—
3,137

—
1,223
5,575
441
22,546
4,753
34,539163,860
68,166(6,399)61,767102,093796
101,296

112
1,136
4,728
1,255
4,010
—
11,241
158,440
44,0597,483
51,542
106,898
1,246
105,652

May 12, 20158/15

(2) Statements of comprehensive income

Income before minority interests
Other comprehensive income
Net increase in unrealized gain on other securities
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
Minority interests

Asahi Kasei
Consolidated Results

FY 2013102,093

FY 2014106,898

12,952729
29,095—37,947(1,526)48,94517,096

1,233

5,125

44,009146,102

107,587
214,484

144,956
1,145

212,159
2,326

May 12, 20159/15

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
Cumulative effect of changes in accounting policies
Restated balance
Changes during the fiscal year
Dividends from surplus
Net income
Change of scope of consolidation
Change of scope of equity method
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
Cumulative effect of changes in accounting policies
Restated balance
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
Total changes of items during the period
Balance at end of fiscal year

Asahi Kasei
Consolidated Results

FY 2013

FY 2014103,389
103,389

103,389
103,389

79,40379,4041
179,4043
3
79,408553,557—
553,557

635,403(15,741)
619,662(19,566)
101,296
1,323(1,208)81,845
635,403(26,547)
105,652
296
197
79,597699,259(2,431)(2,591)

(162)
2
(160)
(2,591)

(455)
5
(450)
(3,041)

733,918—
733,918

815,605(15,741)
799,863(19,566)
101,296
(162)
3
1,323
(1,208)81,687
815,605(26,547)
105,652
(455)
8
296
197
79,151
879,014

May 12, 201510/15

Accumulated other comprehensive income
Net unrealized gain on other 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
Remeasurements of defined benefit plans
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 interests
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
Cumulative effect of changes in accounting policies
Restated balance
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
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 2013

FY 201462,62275,626

13,00413,00475,62637,93737,937
113,562

(900)

(171)

729
729
(171)

(1,526)(1,526)(1,697)

16,44046,73430,29430,29446,734

52,797
52,797
99,531—(25,094)(25,094)(25,094)(25,094)

17,33817,388(7,757)

78,162

97,09518,932
18,932
97,095

106,545
106,545
203,639

12,371

13,067696
696
13,0672,002
2,002
15,068824,451—
824,451925,766(15,741)
910,025(19,566)
101,296
(162)
3
1,323
(1,208)
19,628101,315925,766(26,547)
105,652
(455)
8
296
197
108,546
187,697
1,097,722

May 12, 201511/15

4. Statements of cash flows

Cash flows from operating activities
Income before income taxes and minority interests
Depreciation and amortization
Impairment loss
Amortization of goodwill
Amortization of negative goodwill
Increase (decrease) in provision for periodic repairs
Increase in provision for product warranties
Increase (decrease) in provision for removal cost of property, plantand equipment
Decrease in net defined benefit liability
Interest and dividend income
Interest expense
Equity in losses (earnings) of affiliates
Gain on sales of investment securities
Loss on valuation of investment securities
Gain on sales of noncurrent assets
Loss on disposal of noncurrent assets
Income from compensation for damage(Increase) decrease in notes and accounts receivable—trade
Increase in inventories
Decrease in notes and accounts payable—trade
Increase in accrued expenses
Increase (decrease) in advances received
Other, net
SubtotalInterest and dividend income, received
Interest expense paid
Proceeds from compensation for damage
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
Additional purchase of investments in consolidated subsidiaries
Payments for transfer of business
Payments of loans receivableCollection of loans receivable
Other, net
Net cash used in investing activities

Asahi Kasei
Consolidated Results

FY 2013

FY 2014

163,860
86,052
441
8,823
(231)
1,519
343

158,440
86,058
1,255
9,320
(159)
(4,496)22

7,549(1,723)(1,648)(4,864)
3,375
1,756
(330)
1,223
(1,672)
5,575(53,532)(4,082)(12,377)(17,831)476
17,811
15,549217,786
5,818(3,447)53,532(29,538)
244,152(2,300)(5,312)
3,056(1,738)(2,644)
1,136
(382)
4,728
—
717
(3,610)(13,559)
5,662(6,553)(5,658)219,331
6,761(3,081)—(85,415)
137,597(7,526)
5,685(80,933)
2,588(15,576)(2,695)
1,018(17,182)
13,436(82,990)944(10,661)(1,349)5,341(1,697)(2,808)(152)—(10,517)
7,433(1,382)(103,753)—(3,763)(5,296)
6,295(2,438)(100,470)

May 12, 201512/15

Cash flows from financing activities
Net increase (decrease) in short-term loans payable
Decrease in commercial paper
Proceeds from long-term loans payable
Repayment of long-term loans payable
Redemption of bonds
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 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 in cash and cash equivalents resulting from changes in scopeof consolidation
Cash and cash equivalents at end of period

Asahi Kasei
Consolidated Results

FY 2013

FY 20143,679(60,000)
13,362(34,426)(5,000)(2,521)(165)
3(19,566)(589)
152(105,070)
3,305
38,633104,008(24,324)(10,000)
10,950(21,064)—(1,830)(462)
8(26,547)(745)(2)(74,016)
5,467(31,423)
143,139498

581

143,139

112,297

May 12, 2015

13/15

VIII. Segment Information
1. Reporting segments(1) Fiscal 2013

Sales
Customers

589,380

144,995

232,387

1,879,267

18,499 1,897,766Intersegment
Total
Operating income

17,149929,65584
589,464490
145,48539
232,425

17,762
1,897,029

23,767
41,52942,266 1,939,295

47,447775,386

68,517399,220

14,239174,883

26,742476,765

156,945
1,826,254

1,745 158,690
62,935 1,889,190

AssetsOther items
Depreciation
Amortization of
goodwill
Investments inassociates accounted
for using equity
methodIncrease in property,
plant and equipment,
and intangible assets

36,9698,069

14,30320,01779,357994

80,351

553

—

15

8,015

8,583

240

8,823

40,657

—

2,954

41

43,652

17,94861,601

38,762

15,037

14,58318,15486,536

1,395

87,930Total

Subtotal

OthersHealth Care

912,505

Chemicals& Fibers

Electronics

Homes &
Construction
Materials

Reporting segments(2) Fiscal 2014

Sales
Customers

603,786

150,388257,133

1,965,929

20,476 1,986,405

Intersegment
Total
Operating income

18,216
972,83868
603,853544
150,93241
257,174

18,8681,984,798

22,283
41,152
42,760 2,027,557

Assets64,624
810,787

63,037414,028

14,300179,10230,845501,990

172,806
1,905,906

949 173,755
62,874 1,968,780

Other items
Depreciation
Amortization of
goodwill
Investments inassociates accounted
for using equity
methodIncrease in property,
plant and equipment,
and intangible assets

35,6559,430

13,874

20,10479,064

1,094

80,158

484

—

17

8,555

9,056

264

9,320

46,243—304—

46,547

17,01363,56041,718

10,864

11,60016,59580,776

1,389

82,165

Asahi Kasei
Consolidated Results

Total

Subtotal

OthersHealth Care

954,623

Chemicals& Fibers

Electronics

Homes &
Construction
Materials

Reporting segments

May 12, 201514/15

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 transactions
Net sales on consolidated statements of income

Fiscal 2013
1,897,029
42,266(41,529)
1,897,766

Fiscal 2014
1,984,798
42,760(41,152)
1,986,405

Operating income
Fiscal 2013
Fiscal 2014
Total of reporting segments
156,945
172,806
Operating income in “Others” category
1,745
949
Elimination of intersegment transactions
359
1,087
Corporate expenses, etc.*(15,702)(16,910)
Operating income on consolidated statements of income
143,347
157,933* Corporate expenses, etc. include corporate revenue, basic research expense, and group management
expense, etc. which are not allocated to reporting segments.

AssetsFiscal 2013
Fiscal 2014
Total of reporting segments
1,826,254
1,905,906
Assets in “Others” category
62,93562,874
Elimination of intersegment transactions(238,714)(249,428)
Corporate assets*
264,613295,179
Total assets on consolidated balance sheets
1,915,089
2,014,531* 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 2013
Japan
1,289,054

China
187,247

Other regions
421,465

Total
1,897,766(2) Fiscal 2014
Japan
1,313,128

China
194,007

Other regions
479,271

Total
1,986,405

2. Property, plant and equipment(1) Fiscal 2013
Japan
363,241

Other regions
117,295

Total
480,535(2) Fiscal 2014
Japan
361,130

Other regions
141,377

Total
502,507

Asahi Kasei
Consolidated Results

May 12, 201515/15