Asahi Kasei Announces Revision of Plan for Year-end Dividend.Tokyo Tokyo (tō`kēō), city (1990 pop. 8,163,573), capital of Japan and of Tokyo prefecture, E central Honshu, at the head of Tokyo Bay. , Japan, Feb 1, 2007 - (JCN JCN Japan Corporate News JCN Journal of Cognitive Neuroscience JCN Journal of Cardiovascular Nursing JCN Journal of Christian Nursing JCN Job Control Number JCN Journal of Child Neurology JCN joint communications network (US DoD) Newswire) - Asahi Asahi (朝日 or 旭) means "morning sun" in Japanese. It is a name of several places in Japan:
TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : 3407; ADR ADR - Astra Digital Radio : AHKSY) has announced that the Board of Directors on January 31 adopted a resolution for a 1 yen per share increase in the amount planned for the year-end dividend Year-end dividend A special dividend declared at the end of a fiscal year that usually represents distribution of higher-than-expected company profits. year-end dividend See final dividend. for the current fiscal year, ending March 31, 2007. Based on the performance forecast for the fiscal year which was announced on October 31, 2006, annual dividends of 11 yen per share were planned. The performance forecast for the fiscal year has now been revised upward, including record-high net income, as shown below. Greater profitability is forecast most notably in chemicals operations, with increased product prices to reflect elevated feedstock feed·stock n. Raw material required for an industrial process. Noun 1. feedstock - the raw material that is required for some industrial process raw material, staple - material suitable for manufacture or use or finishing costs, and in electronics operations, with strong demand in consumer electronics applications. As shown following, the year-end dividend which had been planned at 6 yen per share is now planned at 7 yen per share. Together with the 5 yen per share interim dividend, this raises annual dividends for the fiscal year to 12 yen per share.
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Per share (yen)
Interim Year-end Annual
dividend dividend dividends
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FY 2005 (end 3/31/2006) 5 5 10
Previous plan for FY 2006
(ending March 31, 2007) 5 6 11
Revised plan for FY 2006 5 7 12
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Consolidated performance forecast for FY 2006 (Yen million)
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Net Operating Ordinary Net
sales profit profit income
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Previous forecast 1,612,000 115,000 112,000 64,000
Revised forecast 1,617,000 125,000 121,000 68,000
Increase 5,000 10,000 9,000 4,000
Percent change 0.3% 8.7% 8.0% 6.3%
cf. FY 2005 results 1,498,620 108,726 104,166 59,668
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About Asahi Kasei Corp. Asahi Kasei provides innovative solutions based in chemistry and materials science materials science Study of the properties of solid materials and how those properties are determined by the material's composition and structure, both macroscopic and microscopic. to a diverse range of markets including fibers, chemicals, consumer products, housing, construction, electronics, and health care. With consolidated sales of some US$10 billion, it is a Fortune Global 500 enterprise with twenty-five thousand employees and one hundred consolidated subsidiaries. The operating configuration comprises seven core operating companies operating company A business that engages in transactions with outsiders. as autonomous business units specialized spe·cial·ize v. spe·cial·ized, spe·cial·iz·ing, spe·cial·iz·es v.intr. 1. To pursue a special activity, occupation, or field of study. 2. in separate business fields. Asahi Kasei Corporation, as the parent company, functions as a holding company for group operations. An Independent Businesses Group provides group services. For more information, please visit www.asahi-kasei.co.jp. Source: Asahi Kasei Corp. Contact: Asahi Kasei Corporation Corporate Communications Phone: +81-3-3507-2060 Fax: +81-3-3507-2495 Copyright [c] 2007 JCN Newswire. All rights reserved. A division of Japan Corporate News Network K.K. |
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