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 11, 2018

Consolidated Results for Fiscal 2017:
April 1, 2017 – March 31, 2018
(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 attributable to owners of the parent
Net income per share*
Diluted net income per share*
Net income/shareholders’ equity
Ordinary income/total assets
Operating income/net sales

FY 2017
2,042,216 [+8.5%]
198,475 [+24.6%]
212,544 [+32.3%]
170,248 [+48.0%]
121.93
—
14.0%
8.7%
9.7%

FY 2016
1,882,991 [−3.0%]
159,229 [−3.6%]
160,633 [−0.5%]
115,000 [+25.3%]
82.34
—
10.5%
7.2%
8.5%
* Yen

Notes:
 Comprehensive income was ¥177,717 million during fiscal 2017, and ¥138,979 million during fiscal
2016.
 Equity in earnings of affiliates was ¥13,137 million during fiscal 2017, and ¥4,899 million during
fiscal 2016.
2. Financial position
At fiscal year end March
Total assets
Net assets
Net worth/total assets
Net worth per share*2018
2,316,137
1,305,21455.6%
922.112017
2,254,500
1,168,115
51.1%
824.36* Yen
Notes:
 Net worth consists of shareholders’ equity and accumulated other comprehensive income.
 Net worth as of March 31, 2018, was ¥1,287,387 million; as of March 31, 2017, ¥1,151,344 million.
3. Cash flows

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 2017249,891(110,294)(134,412)
148,596

FY 2016
168,965(89,920)(73,959)
144,077

May 11, 2018
1/15

II. Cash Dividends
Fiscal year
2016
2017
2018
(forecast)

Cash dividends per share*
Total
Q1
Q2
Q3
Q4
annual— 10.00 — 14.00 24.00— 14.00 — 20.00 34.00
—

—

—

—

Total annual
dividend
amount33,52047,484

Dividends/
consolidated
net income
29.1%
27.9%

34.00

Dividends/
consolidated
net worth
3.1%
2.1%

33.9%
* Yen

III. Forecast for Fiscal 2018 (April 1, 2018 – March 31, 2019)(percent change from same period of previous year in brackets)

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

For Q1–Q2
1,037,000 [+7.5%]
85,500 [−7.7%]
90,500 [−7.8%]
62,500 [−11.8%]
44.77

For the fiscal year
2,155,000 [+5.5%]
190,000 [−4.3%]
199,000 [−6.4%]
140,000 [−17.8%]
100.28* 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 period: None.
2. Changes in accounting policies, changes in accounting estimates, and retroactive restatement:

None.

3. 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

2018
1,402,616,332
6,491,617
1,396,322,137

2017
1,402,616,332
5,958,904
1,396,714,882

V. Summary of Non-Consolidated Results
1. Results for fiscal 2016 (April 1, 2016 – March 31, 2017)(1) Operating results (percent change from previous year in brackets)
FY 2017621,875 [+8.6]
44,192 [+47.1%]
94,163 [+18.9%]
84,284 [−57.6%]
60.36—

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

FY 2016
572,645 [−]30,051 [−8.0%]
79,182 [+126.1%]
198,660 [+396.0%]
142.23—* Yen

Asahi Kasei
Consolidated Results

May 11, 20182/15

(2) Financial position
At fiscal year end, March
Total assets
Net assets
Net worth/total assets
Net worth per share*2018
1,656,946
758,25445.8%
543.112017
1,630,936
706,30743.3%
505.71* Yen

VI. Overview of Consolidated Results
1. Consolidated group results
The global economy was generally favorable during fiscal 2017, although there were concerns ofrisks related to the US Trump administration’s trade policy and the North Korean situation.
Gradual recovery of the Japanese economy continued, supported by export growth, recovering
capital investment, and firm consumer spending.
Consolidated net sales of Asahi Kasei Corp. and its consolidated subsidiaries and equitymethod affiliates (the Asahi Kasei Group) increased by ¥159.2 billion from a year ago to ¥2,042.2
billion, operating income increased by ¥39.2 billion to ¥198.5 billion, and ordinary income
increased by ¥51.9 billion to ¥212.5 billion with improved terms of trade in chemical operations in
the Material segment, as well as generally firm sales overall. Net income attributable to owners of
the parent increased by ¥55.2 billion to ¥170.2 billion with significant gain on sales of investment
securities and lower total income taxes as an effect of the US tax reform.
2. Results by operating segment
The Asahi Kasei Group’s operations are described by major business classification: three reportablesegments of Material, Homes, and Health Care, together with an “Others” category. Beginningwith the first quarter of fiscal 2017, the Energy Division, which was formerly included in Others, isreclassified into the Material segment. The figures for the year-ago period have been recalculated
in accordance with the new classification for comparison purposes.
MATERIAL
Sales increased by ¥109.8 billion from a year ago to ¥1,087.7 billion, and operating income
increased by ¥33.4 billion from a year ago to ¥121.9 billion.
Although fibers & textiles operations were impacted by higher feedstock costs, sales
increased and operating income slightly increased with firm performance centered on Lamous™
microfiber suede for automotive interiors.
Among chemical operations, in petrochemicals, sales and operating income increased withimproved market prices for acrylonitrile. Sales and operating income in performance polymers
increased with improved terms of trade for synthetic rubber for fuel-efficient tires and greater
shipments of engineering plastics for automotive parts. Sales and operating income inperformance materials and consumables increased with greater shipments of ion-exchange
membranes and electronic materials, and firm sales of Saran Wrap™ cling film.
Among electronics operations, sales and operating income in separators grew withconsiderably increased shipments of each battery separator product, centered on Li-ion battery
separator. Sales and operating income in electronic devices increased with firm sales of camera
module devices for smartphones and magnetic sensors for household appliances.
HOMES
Sales increased by ¥22.0 billion from a year ago to ¥641.0 billion, and operating income increasedby ¥0.3 billion from a year ago to ¥64.4 billion.
Sales grew but operating income was flat in homes operations as unit prices increased
centered on Hebel Maison™ apartment buildings, while labor costs and advertising expenses
increased. Although the value of orders for unit homes decreased, the overall value of orders fororder-built homes increased by 1.2% with growing orders for apartment buildings. Sales andAsahi Kasei
Consolidated Results

May 11, 2018
3/15

operating income in real estate, remodeling, and other operations increased with firm performanceof rental management in real estate, and performance in remodeling on par with the previous year.
Sales increased but operating income decreased in construction materials operations asshipments of Neoma Foam™ phenolic foam insulation panels were firm, while higher feedstock
costs had an impact.
HEALTH CARE
Sales increased by ¥26.1 billion from a year ago to ¥296.3 billion, and operating income increasedby ¥7.5 billion from a year ago to ¥39.5 billion.
Shipments of Teribone™ osteoporosis drug increased, but sales and operating income inpharmaceutical operations decreased with lower shipments centering on Flivas™ agent fortreatment of benign prostatic hyperplasia due to competition from generics.
Sales and operating income in medical devices operations increased with an effect of theweaker yen and firm performance of each business.
Sales and operating income in critical care operations grew with considerably increased
shipments of defibrillators for professional use and firm performance of the LifeVest™ wearable
defibrillator business.
OTHERS
Sales increased by ¥1.2 billion from a year ago to ¥17.3 billion, and operating income decreased by¥0.1 billion from a year ago to ¥1.9 billion.

Asahi Kasei
Consolidated Results

May 11, 2018
4/15

VII. Consolidated Financial Statements
1. Balance sheets

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable–trade
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 2017

At end ofMarch 2018

145,289
302,751
159,395
116,481
70,806
20,27981,816(2,272)894,545

156,318
341,396
169,948
109,486
80,253
20,032
83,956(2,411)
958,978508,713(278,122)
230,590
1,376,029(1,176,686)
199,343
62,391
12,367(11,381)986
45,958150,073(132,460)
17,613556,881

517,562(285,760)
231,802
1,399,081(1,200,504)
198,577
62,938
11,698(10,901)
798
50,502
153,002(135,571)
17,431
562,048285,622
177,149
462,772

252,724
161,898
414,621284,137
18,9189,309
28,154(215)
340,3021,359,955
2,254,500

314,830
27,793
6,727
31,406(266)
380,489
1,357,158
2,316,137

May 11, 2018
5/15

Liabilities
Current liabilities
Notes and accounts payable–trade
Short-term loans payable
Commercial paper
Current portion of bonds payable
Lease obligations
Accrued expenses
Income taxes payable
Advances received
Provision for grant of shares
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 grant of shares
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 2017

At end ofMarch 2018

147,543
113,475
56,00020,000305
100,419
16,202
72,882
—
5,003
2,461

171,413118,018
20,000—199
105,787
29,714
70,142
28
3,185
2,730

1,800

2,425

572
58,217594,880557
64,948589,146

20,000
192,584467
59,759—165

20,000143,176352
45,622
172
3,263

4,390

2,699

2,162
178,368
3,436
20,4799,695
491,506
1,086,385—
170,634
3,282
20,658
11,917421,776
1,010,922

103,389
79,443
850,532(3,242)
1,030,122

103,389
79,440981,934(3,930)1,160,833

113,475
55
40,831(33,140)
121,222
16,771
1,168,115
2,254,500

121,12892
28,676(23,343)
126,553
17,8271,305,214
2,316,137

May 11, 20186/15

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
Other
Total non-operating income
Non-operating expenses
Interest expense
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 valuation of investment securities
Loss on disposal of noncurrent assets
Impairment losses
Business structure improvement expenses
Business integration expense
Total extraordinary loss
Income before income taxes
Income taxes—current
Income taxes—deferred
Total income taxes
Net income
Net income attributable to non-controlling interests
Net income attributable to owners of the parent

Asahi Kasei
Consolidated Results

FY 2016
1,882,991
1,296,255
586,736
427,506
159,229

FY 2017
2,042,216
1,393,111
649,105450,630
198,475

1,425
5,170
4,899
3,854
15,347

2,078
6,626
13,137
5,961
27,802

4,435
1,228
8,281
13,944
160,633

4,594
2,971
6,169
13,733
212,544

9,918
165
10,083

15,164534
15,698

101
4,863
1,484
6,189
690
13,328157,388
49,017(8,293)40,724
116,663
1,663
115,000

31
6,261
2,158
1,460
—
9,908
218,333
63,239(17,095)
46,143
172,190
1,941
170,248

May 11, 20187/15

(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

FY 2016
116,663

FY 2017
172,190

21,177

7,651

234(8,020)8,114

37(12,252)
9,735

810

356

22,315
138,979

5,528
177,717137,045
1,934

175,557
2,160

May 11, 20188/15

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
Capital increase of consolidated subsidiaries
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 attributable to owners of the parent
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 attributable to owners of the parent
Purchase of treasury stock
Disposal of treasury stock
Change of scope of consolidation
Change of scope of equity method
Capital increase of consolidated subsidiaries
Total changes of items during the period
Balance at end of fiscal year
Asahi Kasei
Consolidated Results

FY 2016

FY 2017103,389
103,389

103,389
103,389

79,41079,443033
33
79,4431(4)(3)
79,440763,07610
763,086

850,532—
850,532(27,935)
115,000418(37)
87,446
850,532(39,106)
170,248
259—
131,402
981,934(3,150)(3,242)

(93)
1
(92)
(3,242)

(688)
1
(687)
(3,930)942,724
10
942,734

1,030,122—
1,030,122(27,935)
115,000
(93)
1
418
(37)
33
87,3881,030,122(39,106)
170,248
(688)
2
259
—
(4)
130,711
1,160,833
May 11, 2018

9/15

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
Non-controlling 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 attributable to owners of the parent
Purchase of treasury stock
Disposal of treasury stock
Change of scope of consolidation
Change of scope of equity method
Capital increase of consolidated subsidiaries
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 2016

FY 2017

92,280113,475

21,19521,195
113,475

7,653
7,653
121,128

(179)

55

234
234
55

37
37
92

48,42940,831(7,597)(7,597)
40,831(12,155)(12,155)
28,676(41,353)(33,140)

8,213
8,213
(33,140)

9,797
9,797
(23,343)

99,177

121,222

22,04522,045
121,222

5,331
5,331
126,553

15,498

16,771

1,273
1,273
16,771

1,057
1,057
17,827

1,057,399
10
1,057,409

1,168,115—
1,168,115(27,935)
115,000
(93)
1
418
(37)
33
23,318110,705
1,168,115(39,106)
170,248
(688)
2
259
—
(4)
6,388
137,100
1,305,214

May 11, 201810/15

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 in provision for grant of shares
Increase in provision for periodic repairs
Increase in provision for product warranties
Decrease in provision for removal cost of property, plant andequipment
Decrease in provision for loss on litigation
Decrease in net defined benefit liability
Interest and dividend income
Interest expense
Equity in earnings 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 in notes and accounts receivable–trade
Increase in inventories
Increase in notes and accounts payable–trade
Increase in accrued expenses
Decrease 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
Payments of loans receivableCollection of loans receivable
Other, net
Net cash used in investing activities

Asahi Kasei
Consolidated Results

FY 2016

FY 2017

157,388
91,3871,484
17,806
(159)
—
703
108

218,333
95,415
2,158
18,048
(159)
200
1,280
280

(3,168)(1,066)—(8,150)(6,595)
4,435(4,899)(9,918)
101
(165)
4,863
(20,756)(9,840)18,6192,467(1,886)(6,721)
227,105
7,733(4,428)(61,444)
168,965(2,137)(4,875)(8,704)
4,594(13,137)(15,164)
31
(534)
6,261
(38,986)(11,815)
23,0206,014(2,463)
17,259293,851
10,267(4,736)(49,492)
249,891(4,105)
5,232(82,983)
3,178(8,810)(9,846)
12,018(5,218)2,169(1,553)(89,920)(9,508)
3,012(82,909)
1,601(13,363)(11,564)
17,774(45,261)
30,568(645)(110,294)

May 11, 2018
11/15

Cash flows from financing activities
Net decrease in short-term loans payable
Increase (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 non-controlling interests
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 in cash and cash equivalents resulting from changes inscope of consolidation
Cash and cash equivalents at end of period

Asahi Kasei
Consolidated Results

FY 2016

FY 2017(193,760)
56,000138,812(45,513)
—
(965)
(93)
1
(27,935)(712)
207(73,959)(6,759)(1,673)
145,307(28,935)(36,000)
15,395(23,532)(20,000)
(389)
(688)
2
(39,106)(1,141)(18)(134,412)
(937)
4,247
144,077

443

272

144,077

148,596

May 11, 2018
12/15

VIII. Segment Information
1. Reporting segments(1) Fiscal 2016

Assets

Total

Others1

977,892
5,687

618,964
1,761

270,12034

1,866,976
7,482

16,01525,682

1,882,991
33,165983,579
88,495
1,268,258

620,725
64,100455,242

270,154
31,921
459,251

1,874,458
184,516
2,182,752

41,6982,018
72,1991,916,156
186,534
2,254,950

Health
Care

Homes

Total
Operating income

Material

Sales
Customers
Intersegment

Subtotal

Reporting segments

Other items
Depreciation and
54,188
9,411
18,187
81,787
1,285
83,072amortization2
Amortization of
8,766
—
8,780
17,546260
17,806
goodwill
Investments inassociates accounted
35,055
4,796
111
39,962
17,873
57,835for using equity
methodIncrease in property,
plant and equipment,
52,893
12,13915,60480,635
1,149
81,783and intangible assets
1
Plant and environmental engineering, research and analysis, employment agency/staffing operations, etc.
2
Excluding amortization of goodwill.

(2) Fiscal 2017

Sales
Customers
Intersegment
Total
Operating income
Assets

Total

Others1

Subtotal

HealthCare

Homes

Material

Reporting segments

1,087,720

640,988296,258

2,024,966

17,251

2,042,216

5,014
1,092,734

39
641,026

34
296,292

5,086
2,030,052

27,55744,80732,643
2,074,860

121,925
1,332,202

64,357483,342

39,464450,846

225,746
2,266,390

1,870
78,427

227,616
2,344,817

Other items
Depreciation and
56,002
9,506
19,34084,848
1,665
86,513amortization2
Amortization of
8,961
—
8,821
17,782266
18,048
goodwill
Investments inassociates accounted
45,02012,318450
57,78817,172
74,961for using equity
methodIncrease in property,
plant and equipment,
59,814
18,431
12,18690,431
1,226
91,657and intangible assets
1
Plant and environmental engineering, research and analysis, employment agency/staffing operations, etc.
2
Excluding amortization of goodwill.

Asahi Kasei
Consolidated Results

May 11, 201813/15

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 2016
1,874,458
41,698(33,165)
1,882,991

Fiscal 2017
2,030,052
44,807(32,643)
2,042,216

Operating income
Fiscal 2016
Fiscal 2017
Total of reporting segments
184,516
225,746
Operating income in “Others” category
2,018
1,870
Elimination of intersegment transactions
220
381
Corporate expenses, etc.*(27,525)(29,522)
Operating income on consolidated statements of income
159,229
198,475* Corporate expenses, etc. include corporate revenue, basic research expense, and groupmanagement expense, etc. which are not allocated to reporting segments.
AssetsFiscal 2016
Fiscal 2017
Total of reporting segments
2,182,752
2,266,390
Assets in “Others” category
72,19978,427
Elimination of intersegment transactions(476,300)(512,163)
Corporate assets*
475,850
483,482
Total assets on consolidated balance sheets
2,254,500
2,316,137* Corporate assets include assets of Asahi Kasei Corp.—surplus operating funds (cash anddeposits), long-term investment capital (investment securities, etc.), and land, etc.
IX. Geographic information
1. Fiscal 2016
(1) Net salesJapan
1,226,633

United States
164,241(2) Property, plant and equipment
Japan
United States
371,654
86,780China
165,481

Other regions
326,637

Other regions
98,447

Total
556,881

China
183,425

Other regions
392,477

Other regions
92,969

Total
562,048

Total
1,882,991

2. Fiscal 2017
(1) Net salesJapan
1,274,548

United States
191,765(2) Property, plant and equipment
Japan
United States
384,076
85,003Asahi Kasei
Consolidated Results

Total
2,042,216

May 11, 2018
14/15

X. Important Subsequent Event
Business combination by purchase
1. Outline of business combination(1) Name and nature of business of counterparty
Name of acquired company: Senseair AB
Nature of business: Manufacture and sale of NDIR gas sensor modules(2) Main reasons for the acquisition
In addition to joint development through which Senseair’s optical path design technology andmanufacturing know-how for gas sensors is combined with the small, high-quality IR light emitting
elements and detectors based on the core technology for compound semiconductors of consolidated
subsidiary Asahi Kasei Microdevices Corp., the acquisition will make it possible for the twocompanies to more deeply integrate their technological knowledge and market networks, enablingan expansion of business activities in the market for air, gas, and alcohol sensors, where rapid
growth is forecasted.
(3) Acquisition date
April 4, 2018(4) Statutory form of business combination
Stock purchase for cash as consideration(5) Name of company after transaction
Senseair AB(6) Acquired voting right
Voting right before the acquisition: 8.1%
Additional voting right acquired as of the acquisition date: 91.9%
Voting right after the acquisition: 100%
(7) Basic means of materializing the acquisition
Stock purchase for cash as consideration by a consolidated subsidiary
2. Cost of acquisition and details
Stock purchase price: 0.4 billion Swedish krona (cash)
Purchase price: 0.4 billion Swedish krona
3. Amount of goodwill, measurement principle, amortization method, and useful life
Not determined at present

Asahi Kasei
Consolidated Results

May 11, 201815/15