Asahi Kasei (JP:3407) has released an update.
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Asahi Kasei Corp. has revised its Q1-Q2 fiscal 2024 consolidated performance forecast upwards due to a weaker yen improving trade terms and increased shipments, particularly in the Material segment. The revised forecast anticipates a significant increase in net sales, operating income, ordinary income, and net income attributable to owners, with net income per share also expected to rise from 28.86 to 38.23 yen. These positive adjustments reflect a robust recovery in demand and additional gains from the sale of investment securities.
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