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Asahi Kasei Corp (3407.T)

3407.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Asahi Kasei subsidiary receives administrative dispositions in accordance with Construction Business Act
Wednesday, 13 Jan 2016 05:30am EST 

Asahi Kasei Corp:Asahi Kasei Construction Materials Corp., a subsidiary of Asahi Kasei Corp., received administrative dispositions from the Kanto Regional Development Bureau of the Ministry of Land, Infrastructure, Transport and Tourism, in accordance with the Construction Business Act.Says in work to install precast concrete piles for a condominium complex in Yokohama, subsidiary did not assign the chief engineer as a full-time employee for the construction site, but assigned the same chief engineer as a part-time employee for different construction sites.In the abovementioned construction project, Asahi Kasei Construction Materials Corp. undertook the subcontract from Hitachi High-Technologies Corp. as a blanket subcontract.As a subcontractor for precast concrete pile installation for construction projects including the abovementioned construction project, subsidiary manipulated pile installation data in the installation reports submitted to the prime contractors.  Full Article

Asahi Kasei report of investigation of 3,040 precast concrete pile installation projects of Asahi Kasei Construction Materials Corp
Tuesday, 24 Nov 2015 03:00am EST 

Asahi Kasei Corp:Asahi Kasei Construction Materials Corp., subsidiary of Asahi Kasei Corp., has reported to Japan’s Ministry of Land, Infrastructure, Transport and Tourism (MLIT) regarding the investigation of manipulation of data regarding the installation of precast concrete piles.In accordance with instructions of the MLIT, Asahi Kasei Construction Materials has submitted information on specific construction projects to the prime contractors and to local government bodies that requested information.Confirmation of the data included in installation reports was performed in cooperation with the prime contractors and local government bodies.Confirmation of results of investigation of 2,376 projects has been completed. Among them, manipulation of data has been confirmed for 266 projects.There were 118 projects for which confirmation has not been possible due to inability to identify the prime contractor, absence of installation data, etc.Regarding projects where manipulation of data occurred, Asahi Kasei Construction Materials will cooperate with the prime contractors and the owners of the buildings in efforts to confirm safety based on instructions from the MLIT.Regarding projects where a Specific Administrative Agency* has confirmed safety, the Specific Administrative Agency will issue a report to the MLIT.  Full Article

Asahi Kasei updates faulty installation of foundation piles by subsidiary Asahi Kasei Construction Materials
Tuesday, 20 Oct 2015 02:00am EDT 

Asahi Kasei Corp:Confirmed Asahi Kasei Construction Materials Corp., a subsidiary of Asahi Kasei Corp., performed faulty installation of a portion of foundation piles, and diverted and modified data in the corresponding installation report.That in work subcontracted by Sumitomo Mitsui Construction Co., Ltd., the prime contractor for the construction of a condominium for Mitsui Fudosan Residential Co., Ltd. in Yokohama, Kanagawa, Japan.In addition to the diversion and modification of ammeter data in the installation report, there was diversion and modification of flowmeter data for the injection of cement milk which covers the tip of the precast concrete piles and solidifies (consolidation).Subsidiary will bear all costs incurred for investigation as well as necessary reinforcement and repair.And appropriate efforts will now proceed in cooperation with Mitsui Fudosan Residential Co., Ltd. and Sumitomo Mitsui Construction Co., Ltd. with the highest priority given to the safety of the residents.  Full Article

Asahi Kasei announces investigation result
Friday, 16 Oct 2015 08:30am EDT 

Asahi Kasei Corp:Announces the result of investigation regarding the pile construction work of apartment houses based in Yokohama disclosed on Oct. 14.Says the flow meter data (was used to confirm the amount of cement milk) on the off-the-shelf concrete pile was converted and changed.  Full Article

R&I affirms Asahi Kasei Corp's rating at "AA-" and announces stable outlook
Tuesday, 13 Oct 2015 02:00am EDT 

Asahi Kasei Corp:R&I affirms Asahi Kasei Corp's rating at "AA-" and announces stable outlook.  Full Article

Asahi Kasei completes acquisition of Polypore International
Wednesday, 26 Aug 2015 07:30pm EDT 

Asahi Kasei Corp:Completes full acquisition of US-based company Polypore International, Inc. which is engaged in battery separator business, on Aug. 26 (EST).Plan disclosed on Feb. 23.  Full Article

Asahi Kasei to set up joint venture with Mitsubishi Chemical Holdings
Thursday, 28 May 2015 12:30am EDT 

Asahi Kasei Corp:Asahi Kasei and its subsidiary signed agreement with Mitsubishi Chemical Holdings and its subsidiary to set up joint venture in Tokyo.Joint venture with name of Asahi Kasei Mitsubishi Chemical Ethylene Corporation and with registered capital of 2 bln yen.Joint venture to be engaged in production of basic petrochemical raw materials, sales to its two parent companies and procurement of raw materials.  Full Article

Asahi Kasei to issue year-end dividend for FY 2015
Monday, 11 May 2015 11:30pm EDT 

Asahi Kasei Corp:To issue a year-end dividend of 10 yen per share to all the shareholders of record as of March 31, for FY ended March 2015.Payment date June 4.Says latest dividend forecast was 9 yen per share.  Full Article

Fdk to fully acquire joint venture from Asahi Kasei
Thursday, 19 Mar 2015 02:30am EDT 

Fdk Corp:Says Fdk Corp to acquire 1,534 shares (50 pct voting rights) of a shizuoka-based joint venture that has been engaged in research, development, manufacture and sale of LIC cells and modules, from Asahi Kasei.Fdk Corp to increase voting rights in the joint venture to 100 pct (3,068 shares) from 50 pct (1,534 shares).Says memorandum price is 0 mln yuan.Planned effective June 30.  Full Article

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