Asahi Kasei 9-month Profit Climbs, Lifts FY25 Profit View, Cuts Sales Forecast; Stock Gains
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Asahi Kasei Corp. reported a 22.7% increase in net income for the first nine months of fiscal 2025, reaching 120.61 billion yen. The company raised its profit outlook for FY25 to 145 billion yen but cut its sales forecast to 3.07 trillion yen. Shares rose 5.6% to 1,605.50 yen. Operating income grew 6.2% to 173.95 billion yen, while net sales edged up 0.1% to 2.261 trillion yen. A final dividend of 20 yen per share is projected, totaling 40 yen for the year, up from 38 yen last year.
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