27 27
1. 2. 3. 4. 5. Contents The Asahi Kasei History... 1... 4... 5 Growth Action 21... 6... 12 At a Glance... 14... 16... 32 CSR... 36... 38... 39... 7... 72... 73
The Asahi Kasei History 1922 1931 199199 GDP * GDP 196=1 195 1955 1965 1975 1985 1995 25 *3198 1923 1924 1931 195357 1967 1972 195962 1964 1932 1972 1975 1978 1981 1983 LSI 1999257 ISHIN 2199922 ISHIN-52325 23 1 ISHIN 2 ISHIN-5.78 512.62.64.54 D/E 96 174 743 25 29% 21% 1998 252 ISHIN 2 4% 457 52 9%.79 616 668 1%.62.49 84 277 29% 25 956 ISHIN-5 565 44% 18%.4 1,47 1998 1999 2 21 22 23 24 25 ISHIN 2 ISHIN-5 597 1 2
Growth Action 21 26 21 Growth Action 21 Annual Report 27 3
3 31 1 * 27 26 25 27 16,238 1,278 1,149 686 844 716 524 14,986 1,87 945 597 663 694 515 13,777 1,158 911 565 685 715 57 13,761 1,83 974 581 715 67 444 14,599 13,76 12,71 12,372 6,457** 5,942 5,117 5,538 3 31 1 1 * 27 26 25 27 49. 461.5 12. 42.46 424.34 1. 4.16 365.43 8..42 3.91.1 ** 27 3 31 1118 ** 3 31 1 ROE D/E 27 26 25 7.9% 11.1% 44.2%.34 7.3% 1.8% 43.2%.4 8.4% 11.7% 4.3%.49 ROE 1,8 1,499 1,378 8.4 1,2 7.3 6 % 12 1,624 7.9 8 4 ROE 9 11.7 1.8 6 6 56 3 % 12 11.1 69 8 4 1,5 1, 5 1,27 512 1,376 594 1,46 646 5 6 7 3 5 6 7 3 5 6 7 3 4
4 21 Growth Action 21Growth Action 21 1 6,238 1,252 1,278 191 1,265 223 686 89 2 1 12 Growth Action 21 27 8 Annual Report 27 5
Growth Action 21 Growth Action 21 Growth Action 21 ISHIN-5 GDP 4 21 5 Growth Action 21 21 18,1,5 8 5 4, 421M&A 4, 26 27 GDP 196=1 * GDP *3198 Growth Action Ð 21 GDP 1955 1965 1975 1985 1995 25 6
Growth Action 21 3 26 21 MMA 7 8 8,5 5 4, 18, 1,5 8 2 4 4 5 4 3 2,2 M&A 5 1, 1,5 199 4 6 2555%6% 27%1/3 Annual Report 27 7
26 Growth Action 21 ABS AN AN HDI APS 26 Growth Action 21 1 ISHIN-5 ISHIN-5 ISHIN 2 26 27 212 No. 2 1 LSI 8
& 3 27 7% 4 & 25 14,986 1,87 1,42 597 26 16,238 8.4% 1,278 17.5% 1,265 21.4% 686 14.9% * D/E 25 13,76 5,942 2,358.4 D/E 26 14,599 839 6,457 514 2,169 189.34.6 * 2526 Annual Report 27 9
27 27 47 7 21 27 26 26 26 LSI HDI APS 1
Growth Action 21 ISHIN-56 2612 1 2 4, 2,2+M&A1,5 D/E 6% M&A 5%.5 ROA 5% ROE 1% 1,5 1,2 1 12 15 13 12 2 3 2 3% 9 6 6 8 565 597 686 7 9 6 26 3 277 3 2112 4,27 2 28 23 24 25 26 27 21 215 Growth Action 21 215 25 6% Annual Report 27 11
27 4 1 Growth Action 21 UK UK EMD 12
1998 25 21 57% 43% 45% 55% 4% 6% AKM Annual Report 27 13
At a Glance 27 4 1 & & 4 1 14
27 3* N&P 46% 7,526 52 39% 25% 4,57 275 21% 6% 1,45 139 1% 7% 1,66 42 3% 17% 226 1,121 7% 4% 5 68 4% 3% 46 526 3% 3% 39 289 2% * 4 1 15 Annual Report 27
MMA AS ABSMMASB PPE 66 APR AFP UF MF 1 ANMMA 2 No. 1 9, 8,31 7,526 7,5 6,64 6, 4,5 3, 1,5 % 6 565 12 52 5 1 4 45 8 3 2 1 6 7 8 3 6.1 6.9 6.8 6 4 2 6 7 8 3 16
HDI AN 66 7,526 92252 115 12 29 1 1 12 28 IT 27 17 Annual Report 27
AN AN 1 AN ABS No. 2 AN AN 29 AN No. 1 AN 12 29 NEDO 18NEDO 1 28 No. 1 18
1 5, 4, 4,45 4,57 3, 2, 1, 4,1 2 25 6 7 83 % 3 282 275 29 12 1 2 15 7. 6.8 7.1 8 6 1 4 5 2 6 7 83 Annual Report 27 19
* 4, 3, 2,8 167 11 3,182 3,32 3,541 3,475 1 11 11 336 289 21 36 3,44 1 26 4, 3, 2,893 3,181 3,18 3,133 3,34 3,1 2, 2, 2,633 2,811 3,17 3,194 3,176 3,17 1, 1, 3 4 5 6 7 83 3 4 5 6 7 83 * 1 3,34 4,57 12275 7 11 12 2 LUFT 27 IT 2
LUFT 56 2 LUFT1 2 22 LUFT Green 9 Green Green 1 1 m 2 Annual Report 27 21
No 1 APS 1 1,2 1,58 1,45 1, 8 6 4 2 1,9 2 No.1 15 6 7 83 139 % 2 12 111 115 16 9 6 1.4 13.3 12 1.6 8 3 4 6 7 83 22
ART-123 AK-12 AT-877 PTH AT-877 KT-611 ART-123 1 DIC DIC APS 1,45 14139 28 2 1 8 ART- 123 ART-123 27 75mg APS 21 3, 1 EVOH APS Annual Report 27 23
&& 1 2 PTT 1,2 1,66 1,15 1, 897 8 6 4 2 6 5 4 3 2 1 6 7 83 4 42 4.5 3.9 55 % 12 4.8 1 8 6 4 2 6 7 83 24
1,66169 421 2 8 SF 27 4 CNB FNB SF 2 8 SF SF SF Annual Report 27 25
LSI 1 LSILSI 1,5 1,2 1,29 1,121 9 6 3 1,23 2 25 2 15 6 7 8 3 193 18.8 226 2.2 % 235 25 2 19.1 15 1 5 1 6 7 8 3 5 26
LCD LSI 1,12192226 33 4 7 27 26 * 12 * 4 LSI Annual Report 27 27
For Safety & Amenity ALC 1 2 26 4 7 6 565 68 63 5 4 3 2 1 6 7 83 3 ALC 6 5 4 3 2 1 38 6.8 5 8.3 % 55 12 1 8.7 8 6 4 2 6 7 8 3 28
ALC EAZET ATT 68 43512 1 EAZET ATT DYNAWING 27 26 26 ALC DYNAWING 5 DYNAWING DYNAWING 9 G Annual Report 27 29
& & 5266 462 6 5 519 526 & 4 1& & 4 3 2 1 5 4 6 7 48 46 3 % 15 12 & * 7 12 4 * 4 3 9.3 8.7 9 2 6 1 3 6 7 3 3
28921 396 27 3 35 3 25 2 15 1 5 31 289 268 6 7 83 5 4 3 2 1 33 12.2 39 13.3 % 2 4 16 12.9 12 8 4 6 7 83 Annual Report 27 31
CSR 27 4 1 1 2 2 2 1 3 1 4 2 32
6116 2 26 5 1 5 3 362 1 6 28 4 1 2 15 25 1 4 28 4 6 72 7 1 7 Annual Report 27 33
1998 8 25 4 5% 25 4 WEB 34
25 4 CSR 3 3 4 1 Annual Report 27 35
CSR CSR * CSRCSR CSR CSR CSR RC ** CSR CSRCSR CSRCSR * Corporate Social Responsibility ** 26 1 52 36
CSR 25 4 CSR CSR CSR RC CSR CSR CSR RC CSR 18 12 18 N2O N2O CO2 6 6% 26 199 51% CSR 27 1997RC CSR CSR27 CSR CSR URL http://www.asahi-kasei.co.jp/asahi/jp/csr/ CSRCSR CSR 1-844 1 2 Phone 3-357-2345 N2O Annual Report 27 37
PL 27 6 28 38
Contents 11... 4... 42... 49... 5... 52... 53... 54... 55... 69 Annual Report 27 39
11 3 31 1 27 26 25 c 24 23 d 1,623,791 1,498,62 1,377,697 1,253,534 1,193,614 752,632 66,42 57,182 453,77 424,673 45,695 44,539 375,755 361,273 32,553 14,474 15,842 13,933 15,965 15,463 16,639 89,74 91,518 11,514 11,551 112,94 12,859 93,24 82,484 71,579 6,818 56,512 59,98 6,622 63,11 & 52,558 51,942 59,149 59,813 52,98 a 28,881 26,821 24,228 28,156 44,786 1,195,751 1,125,454 1,67,893 1,11,366 981,64 428,4 373,166 39,84 242,168 212,55 127,81 18,726 115,89 6,932 61,555 126,57 14,166 112,876 53,643 5,389 114,883 94,481 91,141 54,82 (1,869) 68,575 59,668 56,454 27,672 (66,791) 1 49. 42.46 4.16 19.62 (47.63) 84,413 66,31 68,479 86,387 93,985 71,646 69,399 71,531 64,48 6,88 52,426 51,467 5,715 48,42 49,311 12. 1. 8. 6. 6. 3 31 27 26 25 24 23 1,459,922 1,376,44 1,27,57 1,249,26 1,212,374 24,66 214,62 22,521 181,69 176,788 426,959 414,368 419,969 428,32 427,188 281,52 284,39 223,958 226,825 198,697 b 645,655 594,211 511,726 45,451 47,639 1 461.5 424.34 365.43 321.41 29.92 % 44.2 43.2 4.3 36.1 33.6 23,715 23,3 23,82 25,11 25,73 a. 2 3 b. c. 26 3 25 3 d. 23 1 1 23 3 & 4
23 22 21 e 21 2 1999 1998 f 1998 1997 1,193,614 1,195,393 1,269,415 1,269,415 1,194,462 1,171,845 1,281,675 1,281,675 1,291,599 477,581 44,698 449,47 43,934 379,677 375,48 4,42 373,874 363,589 383,654 48,474 433,44 433,44 412,954 372,649 425,553 424,532 451,47 15,463 98,686 95,481 11,551 125,98 134,791 134,791 139,181 148,277 181,542 181,542 184,65 71,579 64,62 95,999 27,25 262,65 275,871 274,16 31,727 292,538 96,228 8,653 66,212 63,235 62,337 59,457 18,37 17,967 18,133 2,828 95,481 93,46 88,5 82,73 82,73 82,58 33,593 29,464 9,68 88,478 88,478 89,14 6,234 7,57 13,48 18,916 34,616 32,545 44,786 57,565 6,234 981,64 1,6,81 1,86,219 1,86,219 1,44,63 1,9,439 1,127,59 1,127,59 1,133,811 212,55 188,583 183,196 183,196 149,832 162,46 154,85 154,85 157,788 61,555 45,664 96,24 96,24 74,323 51,237 62,814 62,814 72,13 5,389 39,849 86,747 86,747 85,853 42,443 56,271 56,271 6,686 (1,869) 1,679 5,318 5,318 39,615 37,525 4,264 4,264 49,259 (66,791) 5,18 25,177 25,177 2,525 17,392 2,89 2,89 25,353 (47.63) 3.61 17.45 17.45 14.23 12.6 14.43 14.43 17.57 93,985 74,826 69,188 69,188 63,213 7,461 74,981 74,981 73,217 6,88 6,676 62,222 62,222 63,629 63,845 67,117 67,117 7,897 49,311 49,574 49,768 49,768 5,15 56,844 57,23 57,23 55,591 6. 6. 6. 6. 6. 6. 6. 6. 6. 23 22 21 21 2 1999 1998 1998 1997 1,212,374 1,193,11 1,24,8 1,24,8 1,18,372 1,185,249 1,26,872 1,26,872 1,25,921 176,788 18,826 196,51 196,51 181,771 193,691 198,651 198,651 26,253 427,188 415,193 419,168 419,168 416,881 435,5 424,499 424,499 424,2 198,697 181,618 176,177 176,177 127,13 132,251 141,388 141,388 151,84 47,639 496,826 516,13 516,13 476,159 464,339 455,25 455,25 442,73 29.92 353.16 357.7 357.7 33.7 321.88 315.64 315.64 36.89 33.6 41.6 41.6 41.6 4.3 39.2 37.7 37.7 35.4 25,73 26,227 26,695 26,695 26,58 29,263 27,792 27,792 26,721 e. 22 3 21 3 f. 1999 3 1998 3 Annual Report 27 41
27 3 1 6,238 1,2528.4% 1,278 191 17.5% 75.4%.2 96 16.7%.8 7.9%.6 1346 33 44 271746 1333 26 521 1,265223 21.4% 31 91 48147 116 57 19 1 % % 2, 1,5 1 3, 2 8 6 15, 1,2 8 2,4 16 6 45 9 6 1,8 12 1, 4 3 6 4 1,2 8 5, 3 2 6 4 2 15 5 6 73 5 6 73 5 6 73 5 6 73 1 42
1,265116 1,149 458422 365 686 89 14.9% 1 49. 42.466.54 7 8 7,52692214.% 5211528.3% 66 4,5712.3% 27572.5% 1 3,34 ROE % 15 8, % 8 8 5, % 3 1 1 5 6, 4, 2, 6 6 4 4 2 2 4, 3, 2, 1, 24 8 18 6 12 4 6 2 5 6 73 5* 6 73 5 6 73 * Annual Report 27 43
44 1,45 14 1.3% 1392825.5% APS 1,6616918.9% 421 3.4% 1,121929.% 2263317.% LSI % 3 3 3 6 6 9 9 12 12 15 15 3 6 9 1,2 1,5 5 6 7 % 3 * 2 2 4 4 6 6 8 8 1 1 3 6 9 1,2 1,5 5* 6 7 % 3 6 5 12 1 18 15 24 2 3 25 3 6 9 1,2 1,5 5 6 7
68437.6% 51232.% ALC EAZET ATT & 5266 1.2% 462 5.% 4& 289217.7% 39617.4% 9% & & 9 % 6 9 8 % 8 12 4 % 4 16 6 4 6 6 6 9 3 3 12 4 4 6 2 2 8 3 2 3 2 2 3 1 1 4 5 6 73 5 6 73 5 6 73 Annual Report 27 45
4,28 54914.7% 26.4%24.9%1.5 8396.1%1 4,599 251 39 259 151 78812.2%7,23 12646 6951.7% 7,369 539 76 63814.5%5,36 24 63324 9.7%3,28 76 23189 2,169 56 3816,11 524 8.7%6,5351 37.16461.5 43.2%44.2% D/E.4.34 D E % 1,5 5 4, 1. 1, 4 3 3,.75 2,.5 5 2 1 1,.25 5 6 73 5 6 73. 5 6 73 D E 46
% 42,569 159.8 2,71 75.4 5,722 116.9 6,362 117.4 16,234 18.5 2,31 99.5 & 3,455 74.2 76 73.3 8,14 126.2 4,38 153.1 84,413 127.3 & 1, 75 5 25 5 6 73 Annual Report 27 47
471 36 36 1531,17 264 23 4551,149 716516 1,284198 774 49 381321 217 14 36 51 5 2, 4 1, 3 2 1 1, 5 6 73 2, 5 6 73 48
........ PL. Annual Report 27 49
3 31 4 27 26 27 6 11,514 86,422 $ 86,288 7 3,385 269,59 2,545,636 6 8 4 446 3,39 24,6 214,62 2,33,949 12 26,65 29,385 225,847 7 55,831 45,828 473,144 (1,791) (1,46) (15,178) 722,995 644,192 6,127,76 9 1 158,953 155,63 1,347,6 174,776 17,364 1,481,152 55,192 55,24 467,729 21,935 18,18 185,89 16,13 15,26 136,466 426,959 414,368 3,618,297 6,45 5,7 51,229 22,421 27,394 19,8 28,466 33,94 241,237 7 8 241,696 248,616 2,48,271 7 4,636 3,43 39,288 12 1,479 8,915 88,85 24,769 24,68 29,97 (78) (864) (661) 281,52 284,39 2,385,61 736,927 731,852 6,245,144 1,459,922 1,376,44 $12,372,22 5
4 27 26 27 7 186,9 132,98 $ 1,583,898 7 1 51,273 46,38 434,517 1 1 36,555 32,842 39,788 18,232 19,511 154,58 7 111,27 11,231 94,881 48,873 48,877 414,178 5,79 48,92 429,763 53,569 439,723 4,267,533 1 129,74 156,3 1,93,847 11 126,266 132,433 1,7,51 12 26,21 27,781 222,119 18,66 18,36 158,136 2,632 373 22,35 32,842 335,193 2,566,458 86,411 774,916 6,833,911 4,,, 1,42,616,332 13,389 13,389 876,178 79,396 79,433 672,847 2 38,515 342,45 3,224,73 27 3 31 3,57,39 26 3 31 42,799,834 (1,544) (17,311) (13,84) 561,756 57,961 4,76,644 79,823 85,383 676,466 58 492 13 1,16 966 9,373 2,913 (99) 24,686 83,9 86,25 711,17 3 a 7,855 6,917 66,568 17 21 653,511 61,128 5,538,229 1,459,922 1,376,44 $12,372,22 Annual Report 27 51
3 31 1 4 27 26 27 7 18 1,623,791 1,498,62 $13,76,941 7 14 1,224,41 1,127,53 1,373,229 399,75 371,9 3,387,712 14 271,949 262,364 2,34,653 18 127,81 18,726 1,83,59 3,15 2,653 25,551 2,647 536 22,432 4,558 1,292 38,627 2,861 2,935 24,246 13,81 7,416 11,856 4,118 3,57 34,898 1,285 4,38 2,73 37,119 5,877 4,418 49,85 14,375 11,976 121,822 126,57 14,166 1,72,93 8 1,516 12,848 919 5,67 7,788 21 656 5,559 3,91 5,88 26,195 8 854 71 73 5,94 9,74 7,38 76,898 15 189 3,799 1,62 15 16 4,751 3,171 4,263 14,715 15,565 124,73 114,883 94,481 973,585 12 (42,247) (38,963) (358,26) 12 (3,553) 4,417 (3,11) (58) (267) (4,35) 68,575 59,668 $ 581,144 4 27 26 27 1 22 49. 42.46 $.42 $ 12. 1. $.1 52
3 31 1 2 13 25 3 31 13,389 79,423 295,594 966 54,73 (5,38) (16,969) 511,726 1 1 26 3 59,668 59,668 (11) (11) 3,68 3,68 5,281 5,281 (342) (342) (12,62) (12,62) (199) (199) 26 3 31 13,389 79,433 342,45 966 85,383 (99) (17,311) 594,211 3 31 1 2 13 26 3 31 13,389 79,433 342,45 (17,311) 57,961 85,383 966 (99) 86,25 6,917 61,128 (6,999) (6,999) (6,999) (6,998) (6,998) (6,998) (228) (228) (228) 68,575 68,575 68,575 22 22 22 (2) (2) (2) 2 2 2 (634) (634) (634) 18 21 39 39 (55) (16,325) 16,38 (5,56) 58 14 3,12 (2,35) 938 (1,412) (37) 38,65 15,767 53,795 (5,56) 58 14 3,12 (2,35) 938 52,383 27 3 31 13,389 79,396 38,515 (1,544) 561,756 79,823 58 1,16 2,913 83,9 7,855 653,511 4 2 13 26 3 31 $876,178 $673,161 $2,92,119 $(146,73) $4,34,755 $723,586 $ $8,186 $ (839) $73,933 $58,619 $5,94,37 (59,314) (59,314) (59,314) (59,35) (59,35) (59,35) (1,932) (1,932) (1,932) 581,144 581,144 581,144 186 186 186 (17) (17) (17) 169 169 169 (5,373) (5,373) (5,373) 153 178 331 331 (467) (138,347) 138,814 (47,12) 492 1,187 25,525 (19,916) 7,949 (11,967) (314) 322,584 133,619 455,889 (47,12) 492 1,187 25,525 (19,916) 7,949 443,922 27 3 31 $876,178 $672,847 $3,224,73 $ (13,84) $4,76,644 $676,466 $492 $9,373 $24,686 $711,17 $66,568 $5,538,229 Annual Report 27 53
3 31 1 4 27 26 27 114,883 94,481 $ 973,585 71,646 69,399 67,17 189 3,799 1,62 824 259 6,983 (196) (1,661) (6,71) (3,127) (56,788) (3,15) (2,653) (25,551) 4,118 3,57 34,898 (2,647) (536) (22,432) (1,516) (12,848) 854 71 73 5,94 (919) (5,67) (7,788) 9,74 7,38 76,898 (26,425) (16,393) (223,941) (23,6) (11,75) (194,966) 51,65 (2,75) 437,331 (399) 11,532 (3,382) (85) (1,192) (72) (14,921) (11,695) (126,449) 173,21 137,219 1,467,881 4,941 4,11 41,873 (4,21) (3,656) (35,678) (45,58) (29,53) (385,661) 128,433 18,62 1,88,415 (192) (498) (1,627) 473 125 4,9 (14) (119) 1 3 8 (77,357) (59,74) (655,568) 2,976 8,824 25,22 (4,872) (7,341) (41,288) (3,3) (6,848) (25,449) 2,557 1,99 21,67 1,962 (5,655) (5,293) (47,924) 4,195 7,6 35,551 (456) (959) (3,864) (81,347) (6,373) (689,381) 39,76 25,19 336,949 (36,293) (7,923) (37,568) 15, 1,271,186 (15,) (1,271,186) 8,337 2,93 7,653 (1,456) (6,584) (88,61) (23,) (31,) (194,915) (51) (378) (4,246) 4 33 339 (13,991) (12,592) (118,568) (136) (355) (1,153) 215 (4) 1,822 (36,25) (3,881) (35,297) 643 426 5,449 11,74 17,792 99,186 86,39 68,456 732,119 3,625 142 3,72 6 11,719 86,39 $ 862,25 54
1. 27 3 11126 3 15 & 27 3 5326 3 55 12 312 28 12 31 2 28 52 2. a 3 b c 5 6422 5 22 8 9 d 27 3 26 3 1 1 Annual Report 27 55
1 23,64 1 1 21,24419,639 19,639 e i 4 2726 3 31 ii f g h 3. a 525 12 9 825 12 9 645,597 5,471,161 56
b 425 11 29 2221,881 18 c 23 1 31 725 12 27 126 12 22 4. 27 3 31 1 118 5. 6. 3 31 27 26 27 11,514 86,422 $86,288 3 (192) (454) (1,627) MMF 397 422 3,364 11,719 86,39 $862,25 7. 27 26 27 22,77 15,66 $187,93 8,869 7,692 75,161 47,491 44,383 42,466 2,263 2,64 19,178 7,49 5,171 63,475 1,52 1,93 12,881 2,711 4,28 22,975 Annual Report 27 57
27 26 27 78,4 65,818 $661,356 19,874 13,436 168,424 8. a 3 31 27 39,675 173,612 133,937 82 629 (173) 23 23 825 652 (173) 4,5 174,264 133,764 26 38,774 181,74 142,93 13 16 (24) 24 24 154 13 (24) 38,928 181,834 142,96 27 $336,228 $1,471,288 $1,135,6 6,797 5,331 (1,466) 195 195 6,992 5,526 (1,466) $343,22 $1,476,814 $1,133,594 27 32131,85 58
b 27 326 3 27 26 27 1,31 587 $11,12 832 267 7,51 4 c 3 31 27 26 27 1,1 1,1 $84,754 6,996 7,521 59,288 d 3 31 27 1 1 5 5 1 1 5 9 2 5 9 2 26 1 1 5 5 1 1 23 1 23 1 27 1 1 5 5 1 1 $42 $76 $17 $ $42 $76 $17 $ 9. 3 31 27 26 27 213,372 28,128 $ 1,88,237 935,316 891,598 7,926,47 85,842 84,591 727,475 1,234,53 1,184,317 $1,462,119 Annual Report 27 59
1. 27263 31 1.84% 1.23% 3 31 27 26 27 27 223 2.86%1.84% 1,3 1,354 $ 8,5 8,626 8,788 683,271 1.2% 2.15% 27 29 45, 65, 381,356 1.% 1.8% 211 1, 1, 84,745 1 CMS.45% 6 LIBOR 26 2,.29% 2.83% 27 29 17, 18, 144,68 US$1.9% 3.5% 27 213 12, 12, 11,695 165,629 189,142 1,43,635 1 (36,555) (32,842) (39,788) 129,74 156,3 $1,93,847 27 3 31 3 31 28 36,555 $ 39,788 29 32,195 272,839 21 37,1 314,47 211 59,779 56,61 165,629 $1,43,635 27 3 31 4,685 $39,73 11. 6
3 31 27 26 27 (32,528) (3,327) $(2,563,797) 215,846 26,22 1,829,23 (86,682) (94,35) (734,594) (25,631) (23,619) (217,212) (8,43) (9,797) (71,212) (4,648) (3,896) (39,39) (125,364) (131,617) (1,62,48) (92) (816) (7,643) (126,266) (132,433) $(1,7,51) 3 3127 3 8269526 3 1,352 3 31 27 326 3 27 26 27 1 8,775 8,697 $ 74,364 7,385 7,293 62,585 (5,229) (4,49) (44,314) (2,38) (2,726) (2,169) (1,393) (1,394) (11,85) 7,158 7,461 $ 6,661 1. 2. 7826,6271,96227 326 3 27 26 2.5% 2.5% 2.5% 2.5% 1 1 1 1 Annual Report 27 61
12. 1 23 27 3 3126 3 31 27 26 27 5,524 53,496 $ 428,169 8,611 8,317 72,975 7,8 6,25 6, 4,674 3,196 39,61 4,17 4,13 34,85 3,387 3,16 28,73 2,41 2,145 2,347 2,6 1,38 17,458 1,94 1,37 9,271 375 525 3,178 353 425 2,992 12,56 13,817 16,441 97,226 97,617 823,949 (9,997) (6,23) (84,72) 87,229 91,414 739,229 (56,513) (6,281) (478,924) (14,995) (15,777) (127,76) (1,7) (1,621) (9,68) (3,732) (3,216) (31,627) (76,31) (8,895) (646,695) 1,919 1,519 $ 92,534 27 26 4.7% 4.7% 2. 2.1.4.4 (3.9) (6.4) IT (.4).1.1 (.9) (.2) 1.5.3 39.9% 36.6% 5% 62
13. 14. 27 26 27 34,287 32,554 $29,568 87,819 87,117 744,229 11,176 1,718 94,712 * 37,37 35,832 316,161 14,744 13,411 124,949 28,392 28,72 24,61 * 27 3 26 3 52,426 444,288 51,467 15. 27 3 1891,621,659 14,5926 3 3,799 16. 27 326 3 27 26 27 2,577 2,456 $21,839 1,659 14,59 515 715 4,365 4,751 3,171 $4,263 17. 27 3 26 3 4,55138,5684,554 3 31 27 26 27 1 4,287 3,971 $36,331 1 5,77 6,161 48,898 1,57 1,132 $85,229 Annual Report 27 63
2726 3 31 27 27 16,7 8,26 8,674 $73,58 553 328 225 1,97 2,8 1,5 958 8,119 558 358 2 1,695 19,819 9,762 1,57 $85,229 26 15,125 6,387 8,738 616 378 238 1,724 841 883 628 355 273 18,93 7,961 1,132 27 3 26 3 4,55138,5684,554 18. 1 3 31 27 & 752,632 45,695 14,474 16,639 112,94 6,818 52,558 28,881 1,623,791 1,623,791 16,59 316 9 1,87 1,29 12,465 3,875 29,35 65,639 (65,639) 769,222 46,11 14,483 18,59 113,33 73,283 56,433 58,186 1,689,43 (65,639) 1,623,791 717,255 378,52 9,61 14,356 9,681 68,246 51,848 54,331 1,555,829 (59,839) 1,495,99 51,967 27,59 13,873 4,153 22,622 5,37 4,585 3,855 133,61 (5,8) 127,81 64
26 & 66,42 44,539 15,842 89,74 12,858 56,512 51,942 26,821 1,498,62 1,498,62 16,659 111 19 2,262 992 11,596 3,624 27,247 62,51 (62,51) 677,61 44,65 15,861 91,966 13,85 68,18 55,566 54,68 1,561,13 (62,51) 1,498,62 636,549 376,432 94,83 87,95 84,517 64,292 5,74 5,785 1,446,68 (56,174) 1,389,894 4,512 28,218 11,58 4,16 19,333 3,816 4,826 3,283 115,62 (6,336) 18,726 27 & $6,378,237 $3,438,93 $885,373 $93,721 $949,949 $515,47 $445,47 $244,754 $13,76,941 $ $13,76,941 14,594 2,678 76 15,847 1,246 15,635 32,839 248,348 556,263 (556,263) 6,518,831 3,44,771 885,449 919,568 96,195 621,42 478,246 493,12 14,317,24 (556,263) 13,76,941 6,78,433 3,27,644 767,881 884,373 768,483 578,356 439,39 46,432 13,184,992 (57,11) 12,677,882 $ 44,398 $ 233,127 $117,568 $ 35,195 $191,712 $ 42,686 $ 38,856 $ 32,67 $ 1,132,212 $ (49,153) $ 1,83,59 3 313 31 27 & 594,25 212,739 12,926 115,575 123,764 55,141 49,473 317,537 1,589,36 (129,438) 1,459,922 31,934 2,383 6,553 5,32 13,356 3,4 4,152 735 67,455 4,191 71,646 164 1,659 1,823 25 1,848 42,569 2,71 5,722 6,362 16,234 2,31 3,455 76 8,14 4,39 84,413 26 & 529,1 2,66 118,721 15,718 114,743 49,557 5,97 317,171 1,486,46 (11,2) 1,376,44 31,281 2,448 6,364 5,337 12,51 3,129 4,352 715 65,677 3,722 69,399 251 251 3,548 3,799 26,632 3,583 4,897 5,417 14,96 2,313 4,655 1,38 63,495 2,815 66,31 Annual Report 27 65
27 & $5,35,636 $1,82,873 $1,24,797 $979,449 $1,48,847 $467,297 $419,263 $2,69,991 $13,469,153 $(1,96,933) $12,372,22 27,627 $2,195 55,534 44,932 113,187 25,763 35,187 6,229 571,654 35,516 67,17 1,39 14,59 15,449 212 15,661 36,754 22,89 48,491 53,915 137,576 19,5 29,28 6,441 678,847 36,517 715,364 1. 8 MMA AS ABS PPE 66 APR UF MF APS LSI & 2. 4 25 11 29 3529635 2961512714119185 16136&65191771 3. 22 8 9623 1 31 4. 11 23,64 1 6,643,972,83 1,869 1,771,368&8552,478 5. 27 3 26 3 14,325121,398 15,29 6. 27 3 26 3 443,3,754,237 447,76 66
2 27 326 3 3 27 326 3 27 26 27 245,276 182,764 428,4 222,377 15,789 373,176 $2,78,611 $1,548,847 $ 3,627,458 1,623,791 1,498,62 13,76,941 % 15.1% 11.3% 26.4% 14.8% 1.1% 24.9% 1. 2. 3. 19. 27 3 1.% 2 58 492 1. 2. 26 3 2. 27 3 31 27 5 8 9,79583,8 21. 3 31 27 26 27 141 296 $ 1,195 11,185 15,569 94,788 2,363 2,646 2,25 235 734 1,992 13,924 19,245 $118, Annual Report 27 67
22. 1 1 27 26 27 68,575 59,668 $581,144 (218) 68,575 59,45 $581,144 1 68,575 59,45 $581,144 27 26 1,399,462 1,4,19 1 1,399,462 1,4,19 27 26 27 1 49. 42.46 $.42 1 $ 27 326 31 23. 27 4 1 1% & & 68
Annual Report 27 69
27 4 1 % * 3, 1. * 2, 1. * 49 1. * 3 1. * 25 1. 25 1. 175 1. 1 1. 132 1. * 16 99.4 * 1, 75. 1,5 5. 1, 5. 1,5 5. PS 5, 45. 35 35. 5, 29.8 * US$ 17.8** 1. * US$ 21.7** 1. * US$ 16.4 1. * US$ 1. 1. * W 5,642 1. W 1,5 1. W 5, 6. 18 1. 5 51. - US$ 32. 5. * HDI 149 1. * 29 1. HK$ 2 1. * US$ 46. 1. * PPE US$ 35. 7. B 14 1. US$ 6.3 25.7 * A 5. 1. * / A 3.4 1. *.3 1. UK * 11.1 65. UK * 5.3 65. * A 4.3 65. * 3,25 1. * 2,82 1. * 5 1. * 25 1. * 2 1. * ** 7
% * 3, 1. * 8 1. N&P* 495 1. * 48 1. W 4,4 5. * 163 1. A.2 1. A.1 1. (* 3, 1. * 8 1. 45 5. PTT 25 5. * US$ 1.2 1. * 132 1. * 78 82.5 NT$ 81 5. * HK$ 65 1. * B 7 6. * A 1.** 1. A 3. 1. A.3 1. * 3, 1. * 5 1. * 5 1. * 5 1. AKM * US$ 2.9 1. EMD W 82 1. * 181 1. NT$ 1. 1. * NT$ 49 8.6 * NT$ 326 51. * 3, 1. * 2 1. * 3 1. * 3, 1. * 8 1. * 4 1. * 98 1. * 94 1. * 8 1. AJS 8 49. * US$.1 1. US$ 3. 1. * ** Annual Report 27 71
27 3 31 1931 5 21 13,389 23,715 786 1-844 1 2 Phone 3 357-26 Fax 3 357-2495 53-825 2 6 Phone 6 6347-3111 Fax 6 6347-377 Room 148 New China Insurance Tower No.12 Jian Guo Men Wai Avenue Chao Yang District Beijing 122 P. R. China Phone: +86-1-6569-3939 Fax: +86-1-6569-3938 Room 2321 Shanghai Central Plaza 381 Huaihai Zhong Road Shanghai 22 China Phone: +86-21-6391-6111 Fax: +86-21-6391-6686 Asahi Kasei America Inc. 535 Madison Avenue, 33rd Floor New York, NY 122, U.S.A. Phone: +1-212-371-99 Fax: +1-212-371-95 1-844 1 2 Phone 3-357-222 16-8345 24 1 Phone 3-3344-7111 11-8481 9 1 MD Phone 3-3259-5777 53-825 2 6 Phone 6-6347-35 16-23 23 7 Phone 3-6911-27 15-21 12 7 2 Phone 3-5473-5251 & * 1-844 1 2 * 4 1 72
27 3 31 347 4,,, 1,42,616,332 541-8639 5 33 126,348 % 4.99 4.8 3.56 2.65 2.53 4 2.32 2.3 2.22 1.76 1.45 * 43.93% 27.72% 21.5% 2.5% 4.8% 1, 8.85% 1,99,999 6.4% 1,9,999 12.31% 1,.44% 1,42,616,332 IR IRhttp://www.asahi-kasei.co.jp/asahi/jp/ir/ Annual Report 27 73
1-844 1 2 Phone:3-357-26 Fax:3-357-2495 www.asahi-kasei.co.jp