Asahi Sales Decrease, Profits Increase

Asahi Glass Co. Ltd. has announced a decrease in net sales for fiscal 2015.

Net sales amounted to ‎¥‎1,326.3 billion (about $11.5 million), down ‎¥‎22 billion year over year due to lower sales in the display business. Operating profits, however, increased by ‎¥‎‎71.2 billion ($620.8 million), up ‎¥‎‎9 billion ($78.5 million), with Asahi citing structural reform of the architectural glass business and a decline of raw materials and fuel prices as reasons for this increase.

Profits for the year amounted to ‎¥‎‎42.9 billion, up ‎¥‎27 billion due to income from the revision of the company’s corporate pension plan.

Chemical sales showed the highest operating profit due to the improved spread of overseas chlor-alkali business. Electronic operating profit went down due to a decrease in shipments of LCD glass, solar power system glass and electronics materials.

Asahi Glass is a manufacturer of float plate, figures, low-E and processed glasses for the construction, automotive and electronics fields.