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

February 4, 2016

Consolidated Results for 1st to 3rd Quarter Fiscal 2015:
April 1, 2015 – December 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)
Q1–Q3 2015
1,448,379 [−1.5%]
126,644 [+6.7%]
124,602 [−2.1%]
71,745 [−18.8%]
51.36—

Q1–Q3 2014
Net sales
1,470,070 [+5.8%]
Operating income
118,719 [+8.1%]
Ordinary income
127,250 [+16.2%]
Net income attributable to owners of the parent
88,372 [+33.7%]
Net income per share*
63.25
Diluted net income per share*—* Yen
Note: Comprehensive income was ¥62,770 million during Q1–Q3 2015, and ¥173,385 million
during Q1–Q3 2014.
2. Financial position
At end ofTotal assets
Net assets
Net worth/total assets
Net worth per share*

December 2015
2,409,594
1,132,321
46.3%
799.53

March 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 December 31, 2015, was ¥1,116,767 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

February 4, 2016
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)
For the fiscal year
1,954,000 [−1.6%]
164,000 [+3.8%]
161,500 [−3.0%]
90,000 [−14.8%]
64.41
* Yen

Net sales
Operating income
Ordinary income
Net income attributable to owners of the parent
Net income per share*

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
161.5

Revisedforecast
1,954.0
164.0
161.5

Increase(decrease)(46.0)——(billions of yen)cf. fiscal 2014
results
1,986.4
157.9
166.5

91.0

90.0

(1.0)

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 November 6, 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

February 4, 20162/13

income was amended, and “minority interests” were changed to “non-controlling interests.” Forcomparison purposes, information for the first to third 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 third 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 in scope of
consolidation are included in cash flows from financing activities, while cash flows from expenses
related to purchases of shares of subsidiaries that result in changes in scope of consolidation and
expenses related to purchases or sales of shares of subsidiaries that do not result in changes in scopeof 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¥2,175 million in the April–December 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–Q3 2015
1,402,616,332
5,845,412
1,396,829,194

FY 2014
1,402,616,332
5,742,862
1,397,156,506** Q1–Q3 2014

V. Overview of Consolidated Results
1. Consolidated group results
Although slower growth persisted in China, and other emerging economies continued to slow down
during the April–December period of fiscal 2015, the global economy overall was on a path ofgradual recovery with increased consumer spending together with improved employment in the US,
and signs of recovery in private consumption in Europe. The Japanese economy saw steadyconsumer spending along with firm corporate performance and capital expenditure, but uncertainty
remained regarding the risk of further downturn in emerging economies.
Consolidated net sales of Asahi Kasei Corp. and its consolidated subsidiaries and equitymethod affiliates (the Asahi Kasei Group) decreased by ¥21.7 billion (1.5%) from a year ago to¥1,448.4 billion with lower market prices for petrochemical products in chemicals operations.
Operating income increased by ¥7.9 billion (6.7%) to ¥126.6 billion with lower feedstock costs inchemicals operations and steady expansion of critical care operations. Ordinary income decreasedby ¥2.6 billion (2.1%) to ¥124.6 billion with equity in earnings of affiliates transitioning to equity inlosses of affiliates and foreign exchange gains transitioning to foreign exchange loss. Net income
attributable to owners of the parent decreased by ¥16.6 billion (18.8%) to ¥71.7 billion.
2. Results by operating segment
The Asahi Kasei Group’s operations are described by major business classification: four reportablesegments of Chemicals & Fibers, Homes & Construction Materials, Electronics, and Health Care,
together with an “Others” category. Results of Polypore International, Inc. and its consolidated
subsidiaries (collectively “Polypore”), acquired on August 26, 2015 (US Eastern time), are includedin the Electronics segment.

Asahi Kasei
Consolidated Results

February 4, 2016
3/13

CHEMICALS & FIBERS
Sales decreased by ¥76.9 billion (10.6%) from a year ago to ¥651.4 billion, and operating income
increased by ¥10.2 billion (21.5%) to ¥57.4 billion.
Among chemicals operations, feedstock costs for petrochemical products declined with lower oiland naphtha prices, and the weaker yen had a positive effect, but market prices deteriorated mostnotably for acrylonitrile. In performance polymers, terms of trade improved due to lower feedstock
costs, and shipments of synthetic rubber for fuel-efficient tires increased. In specialty products, theeffect of the weaker yen was most notable for ion-exchanging membranes, and shipments of Saran
Wrap™ cling film increased.
In fibers operations, sales of each product were firm, and feedstock costs declined. The
weaker yen contributed to performance most notably for Bemberg™ cupro fiber and Roica™ elastic
polyurethane filament.
HOMES & CONSTRUCTION MATERIALS
Sales increased by ¥21.0 billion (5.0%) from a year ago to ¥441.9 billion, and operating income
increased by ¥2.5 billion (6.1%) to ¥44.4 billion.
Among homes operations, in order-built homes, deliveries of Hebel Haus™ unit homes
decreased. In real estate, deliveries of condominium units increased. In remodeling, orders
increased centering on renovation work and equipment installation.
In construction materials operations, shipments decreased for autoclaved aerated concrete
products and foundation systems. Feedstock costs declined. Sales of Neoma™ high-performance
phenolic foam insulation panels were firm.
ELECTRONICS
Sales increased by ¥15.8 billion (13.9%) from a year ago to ¥129.7 billion, and operating income
decreased by ¥5.9 billion (44.3%) to ¥7.4 billion.
Electronic devices operations benefitted from the weaker yen, and sales of audio LSIs anddevices for camera modules for smartphones were firm, but shipments of electronic compasses
declined in response to changes in the competitive environment.
Electronic materials operations benefitted from the weaker yen, and sales of Hipore™ Li-ion
battery separator were firm.
The effect on operating income from amortization of goodwill and other intangible assets, etc.
related to the acquisition of Polypore was ¥6.7 billion in the April–December period of 2015.
HEALTH CARE
Sales increased by ¥25.4 billion (13.3%) from a year ago to ¥216.3 billion, and operating income
increased by ¥5.0 billion (18.8%) to ¥31.8 billion.
In pharmaceuticals operations, sales of Teribone™ osteoporosis drug and Recomodulin™
recombinant thrombomodulin were firm, while shipments of Flivas™ agent for treatment of benign
prostatic hyperplasia decreased due to competition from generics.
Medical devices operations benefitted from the weaker yen, and shipments increased for dialysis
products and Planova™ virus removal filters.
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, butselling, general and administrative expenses grew with reinforced sales activity.
OTHERS
Sales decreased by ¥7.1 billion (43.7%) from a year to ¥9.1 billion, and operating income decreasedby ¥0.6 billion (66.5%) to ¥0.3 billion.

Asahi Kasei
Consolidated Results

February 4, 20164/13

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 ofDec. 2015

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

177,413321,236
2,275
166,863132,027
71,786
22,562
86,056(2,215)
978,003

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
502,507494,468(268,912)
225,556
1,382,490(1,182,600)
199,890
61,156
12,791(10,882)
1,909
55,836
147,519(128,375)
19,144563,492

153,835
132,241
286,076

331,400
208,271539,671289,393
9,952
2,929
11,35121,016(273)
334,368
1,122,952
2,014,531

281,662
11,577
3,163
10,45021,761(185)
328,429
1,431,591
2,409,594

February 4, 2016
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
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 ofDec. 2015

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

166,963369,636
33,0001,028
86,19925,84584,281
3,162
2,420

2,832

1,950

533
63,817507,449

532
73,323
848,337

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

40,000113,918522
89,507
667

7,865

6,939

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

2,323
141,567
3,544
19,887
10,061
428,936
1,277,273

103,389
79,408699,259(3,041)
879,014103,389
79,409743,067(3,137)922,728

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

115,147(254)
85,198(6,052)
194,040
15,554
1,132,321
2,409,594

February 4, 2016
6/13

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
Litigation settlement
Loss on piling businessBusiness integration expense
Special retirement expenses and otherTotal 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–Q3 2014
1,470,070
1,066,289
403,781285,062
118,719

Q1–Q3 2015
1,448,379
1,010,428
437,951
311,307
126,644

1,032
3,094
1,683
5,991
3,086
14,886

1,064
3,731
—
—
2,805
7,600

2,314
—
—
4,040
6,354
127,250

2,639
1,889
958
4,155
9,642
124,602

2,274
361
2,636

45
232
277

112
510
1,748
708
575
—
—
—
—
3,652
126,234
37,032
89,202829
88,372

—
250
2,438
2,340
1,248
1,217
1,264
926
2,053
11,737113,142
40,28672,857
1,112
71,745February 4, 2016
7/13

2) Statements of comprehensive income

Net income
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
Non-controlling interests

Asahi Kasei
Consolidated Results

Q1–Q3 2014
89,202

Q1–Q3 2015
72,857

24,97947
51,895
2,769

1,590
1,444
(12,679)
1,770

4,493

(2,211)

84,184
173,385(10,086)
62,770171,614
1,771

62,145626

February 4, 2016
8/13

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) increase in provision for periodic repairs
Increase (decrease) in provision for product warranties
Decrease in provision for removal cost of property, plant andequipment
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 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–Q3 2014

Q1–Q3 2015

126,234
62,810
708
6,755
(119)
(5,020)116

113,142
68,7282,340
11,037
(119)
185
(144)

(2,181)(1,808)(2,427)(4,125)2,314(1,683)(2,162)
510
(361)
1,748
(33,082)(33,185)
26,649(11,399)885(13,127)
119,856
5,596(2,145)(82,154)
41,153(3,558)(4,795)
2,639
1,889
(45)
250
(232)
2,438
12,168(16,792)
13,359(17,787)
9,473(14,231)
178,1396,146(2,403)(56,089)
125,794(16,925)
9,156(61,770)406(8,273)
(854)
4,961

(5,771)
14,713(61,067)261(8,532)(4,553)
195—(193,680)(3,763)(4,989)5,340(2,315)(79,029)(200)(3,689)2,328(986)(260,982)

February 4, 2016
9/13

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–Q3 2014

Q1–Q3 2015

(30,177)
60,0006,463(13,710)(1,447)(384)
7(26,547)(586)(24)(6,406)
5,567(38,714)143,139

274,804
33,0004,835(85,372)(1,126)(100)
6(27,937)(691)
345
197,763(6,110)56,465112,297

581

6,273

105,007

175,036

4. Notes to consolidated financial statements
Quarterly consolidated balance sheets
Contingent liabilities
It has become clear that Asahi Kasei Construction Materials Corp., a consolidated subsidiary ofAsahi Kasei Corp., which performed pile installation work as secondary subcontractor for theconstruction of a condominium complex in Yokohama, Kanagawa, Japan, submitted incorrect data inthe pile installation report for the precast concrete piles installed for this project. There wasmanipulation of ammeter data obtained when boring holes for installation, and manipulation of
flowmeter data for the injection of cement milk for consolidation of pile tips.
Asahi Kasei Corp. established a task force and fact-finding committee as well as an independent
commission to advance investigation, and 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 ofLand, Infrastructure, Transport and Tourism (MLIT).
On November 24, 2015, Asahi Kasei Construction Materials Corp. completed all possible
investigation of whether or not there was manipulation of data regarding the installation of precast
concrete piles, and reported the results to the MLIT. Out of the 3,052 projects subject toinvestigation, excluding the 188 projects for which investigation was not possible, either due to lackof data for use as a basis for determining whether or not there was manipulation of data, or due to therelevant structures no longer existing, etc., manipulation of data was found for 360 projects. There
were 266 projects with manipulation of ammeter data and 144 projects with manipulation of
flowmeter data, including 50 projects with manipulation of both ammeter and flowmeter data.
On January 13, 2016, Asahi Kasei Construction Materials Corp. received instructions inaccordance with Paragraph 1 of Article 28 of the Construction Business Act, an order to suspend
business in accordance with Paragraph 3 of Article 28 of the Construction Business Act, and arecommendation in accordance with Paragraph 1 of Article 41 of the Construction Business Act fromthe Kanto Regional Development Bureau of the MLIT.
Regarding projects where manipulation of data was found, Asahi Kasei Construction Materials
will cooperate with the prime contractors and the owners of the buildings in efforts to confirm safety
based on instructions from the MLIT. Regarding projects where a Specific Administrative Agency
has confirmed safety, the Specific Administrative Agency will issue a report to the MLIT.
As an effect of this matter, an extraordinary loss of ¥1,264 million was recorded in the April–
December period of 2015 as “loss on piling business” for expenses for investigation, etc., of the
Asahi Kasei
Consolidated Results

February 4, 201610/13

manipulation of data.
Although there is a possibility that an effect on the consolidated results of Asahi Kasei Corp. may
emerge such as the recording of an additional reserve, etc., no such effect is reflected in the
consolidated financial statements for the April–December period of 2015 due to the difficulty ofmaking a rational estimate of the amount of financial impact from this matter as of the time of
preparation of the consolidated financial statements.
Quarterly consolidated statements of income
Loss on piling business
It has become clear that there was manipulation of ammeter data and flowmeter data in the pile
installation work which Asahi Kasei Construction Materials Corp. performed as secondary
subcontractor for the construction of a condominium complex in Yokohama, Kanagawa, Japan, and a
portion of similar pile installation work performed over the past 10 years. Expenses incurred such as
for investigation of the data manipulation are recorded as “loss on piling business.”
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–Q3
2014
631.0
97.3
728.3
380.2
40.6
420.8
113.9
113.0
78.0
191.0
16.2
1,470.1

Q1–Q3
2015
550.8
100.6
651.4
402.4
39.4
441.9
129.7
112.4
103.9
216.3
9.1
1,448.4

Increase(decrease)(80.2)
3.3(76.9)
22.2
(1.2)
21.0
15.8
(0.5)
25.9
25.4
(7.1)
(21.7)(billions of yen)
Fiscal 2015
forecast
709.0
133.0
842.0
586.0
51.0
637.0
175.0
146.0
141.0
287.0
13.0
1,954.0

February 4, 2016
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–Q3
2014
40.0
7.3
47.2
38.8
3.5
41.9
13.3
24.0
2.7
26.8
0.9
130.0
(11.2)
118.7

Q1–Q3
2015
46.1
11.2
57.4
39.9
5.2
44.4
7.4
23.6
8.2
31.8
0.3
141.2
(14.6)
126.6

Increase(decrease)
6.1
4.0
10.2
1.1
1.8
2.5
(5.9)
(0.4)
5.5
5.0
(0.6)
11.3
(3.3)
7.9

(billions of yen)
Fiscal 2015
forecast
56.0
13.5
69.5
62.0
5.5
67.5
7.0
25.0
12.5
37.5
0.5
182.0
(18.0)
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]

(1.2)
1.3
0.1
0.6

(67.3)
0.7(66.6)
0.1

19.4
1.6
21.0
—

74.6
2.0
76.6
0.3

6.1
4.0
10.2
1.1

(0.5)

0.2

—

2.1

1.8

0.1

0.3

—

2.1

2.5

1.5
(0.9)
11.9
11.1
0.4
13.2

2.5
0.1
(1.8)
(1.7)
—
(65.4)

7.8
1.0
(1.5)
(0.5)
—
28.3

(9.9)
0.4
(4.7)
(4.4)
(1.0)
63.5

(5.9)
(0.4)
5.5
5.0
(0.6)
11.3

—

—

—

(3.3)

(3.3)

13.2

(65.4)

28.3

60.2

7.9

February 4, 201612/13

3. Major financial metrics (consolidated)(billions of yen, except employees and D/E ratio)
Q1–Q3
Q1–Q3
Fiscal 2015
2014
2015
forecast
55.5
62.8
90.0
8.2
7.7
15.0
62.8
68.7
94.0
54.2
57.7
85.0
1.8
2.1
(3.1)
(3.7)
30,12032,8730.32
0.50

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–Q3
2014
14,745314.1
524.8
11,582270.8

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–Q3
2015
13,253302.1
546.9
11,726
269.6

Increase(decrease)(1,492)(12.0)
22.2
144
(1.2)

Fiscal 2015
forecast
18,220410.3
522.3
18,330402.5

5. Key operating factors

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

Yen/US$
Yen/€

Q1–Q3
2014

Q1–Q3
2015

Increase(decrease)

Fiscal 2015
forecast

68,93345,600(23,333)

42,975

107
140

122
134

15
(6)

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 ofDec. 2015
369.6
33.0
113.9
40.0
1.5
558.1

(billions of yen)
Increase(decrease)
273.6
33.0
(16.5)
—
(1.1)
289.1

February 4, 201613/13