Tokyo — Asahi Kasei saw sales in its chemicals division, which includes an HDI business, dip compared to the first quarter of 2015. Sales were YEN 165.8bn ($1.65m) in Q1 2016, a 41% drop on the YEN 206.9 bn sales of Q1, 2015, the report said.
Sales in its fibres business, which includes elastane fibres, dropped by 2.1% to YEN 30.9bn during Q1 2016 compared to Q1 2015, according to the company’s latest financial report.
According to the report, in performance polymers “each product was impacted by a stronger YEN.”
XE Currency conversion: 19 August, 2016