Asahi Glass posts record group profit in FY 2000.TOKYO, April 9 Kyodo Asahi Asahi (朝日 or 旭) means "morning sun" in Japanese. It is a name of several places in Japan:
Revenue from a firm's regular activities less costs and expenses and before income deductions. operating profit See operating income. to rise to 120 billion yen in fiscal 2001 under a new three-year business plan from a record 110 billion yen estimated for fiscal 2000 that ended March 31. The strong result for the just-ended year was largely attributable to growth in electronics and display operations, the company said. It said it expects consolidated net profit to grow to 39 billion yen on sales of 1.4 trillion One thousand times one billion, which is 1, followed by 12 zeros, or 10 to the 12th power. See space/time. (mathematics) trillion - In Britain, France, and Germany, 10^18 or a million cubed. In the USA and Canada, 10^12. yen in fiscal 2001 from an estimated 22 billion yen on sales of 1.33 trillion yen in fiscal 2000. Under the new business plan, Asahi Glass will spend some 400 billion yen on plant and equipment, with 50% of the sum going to the electronics and display divisions and 30% to the glass division and 20% to the chemical division. The management plan also calls for a workforce cut of 300 to 7,000 at the parent company. On a consolidated basis, however, the number of employees will increase by 7,000 to 56,000 as Asahi Glass will increase the number of companies subject to its group earnings. The company will stop production of fire-resistant exterior construction materials at its Kitakyushu plant in Fukuoka Prefecture in March 2002 due to decreasing housing starts since 1996. The closure of production in Kitakyushu, which will involve the transfer of operations to the firm's Kashima plant in Ibaraki Prefecture For the city, see . Ibaraki Prefecture (茨城県 Ibaraki-ken , is expected to result in a loss of 2 billion yen. For fiscal 2003, the last year of the new management plan, Asahi Glass targets a group operating profit of 160 billion yen and a group net profit of 73 billion on sales of 1.6 trillion yen. Return on equity (ROE A fictitious surname used for an unknown or anonymous person or for a hypothetical person in an illustration. A lawsuit is generally named for the persons who are parties to it. ), a key measure of a corporation's profitability, is projected at 10%, up from an estimated 3.6% for fiscal 2000. ROE is calculated by dividing net profit after all expenses and taxes by tangible assets Tangible Asset An asset that has a physical form such as machinery, buildings and land. Notes: This is the opposite of an intangible asset such as a patent or trademark. Whether an asset is tangible or intangible isn't inherently good or bad. . |
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