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Asahi Kasei reports fall in profits

7:48 AM MDT | May 9, 2013 | Deepti Ramesh

Asahi Kasei reports a 3.6% fall in net profits for the fiscal year ended 31 March compared with the previous fiscal year, to ¥53.7 billion ($545 million). Full-year sales increased 5.9%, to ¥1.66 trillion, mainly because of a strong performances in the company’s homes segment and the pharmaceutical business in the company’s health-care segment, Asahi says. Operating profits decreased by 11.8%, however, to ¥91.9 billion, as a result of deteriorating market conditions in the electronics segment and monomer products in the chemicals...

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