旭化成の今後の展望と方針 - fse.or.jp

1 1 2010 9 IR 34072 Growth Action 2010 3-1516-2122-3031-3637-40 3 4 [ ] [ ] LSI 5 6 10% 1 4,336 3,8974701,1322731,4271,0126,221 8% & 51% & 31% 576 -2872402532611218 2009 & 7 2001 1 2001 1 8 9 19501965198019952009

2 10 * AN 670 260 330 2007 2008 2009 LSI LSI 11 AKM - - - - - - 12 '04 '05 '06 '07 '08 '09 4 D/E 050100 DBBBB+BBB-BBBBBB+A-AA+AA-AAAA+AAA 09/12 6,333 6,038 6,662 6,457 5,942 5,117 2,646 3,156 2,114 2,169 2,358 2,488 13 1976 1931 1961 1999 1999 1972 1977 1906 CO2 N2O 90 50 14 Growth Action 2010 15 GDP 6070809000101001,00010.

3 000 3 1980 1960 100 GDP Growth Action 2010 16 Growth Action 2010(2006-2010 ) ISHIN2000(1999-2002) ISHIN-05(2003-2005) * 03 10 17 AN MMA SM 18 20 30% 6%/ 8,000 06-10 5 700-800/ 03-05 4,000 06-10 5 ( ) 2,200M&A 1,500 300 19*1 ROE 2 100 *2 ROA 2 100 1,5001,087 10% *15% *2800597 18,00014,986 2010 2005 ( ) 2 4 Growth Action 2010 M&A 20 21 * - 50 - 10 3 2 11 - * 22 23 - 3 1 30 - 08 6 - - - 08 2 *- 3 1 - 10 08 11 24 LSI- LSI LSI - - M&A ( )

4 09 4 - 70 LSI - - - LSI 25 - UF MF 22 - - - 2 3 - TM 5,000 27 41% - 40% 18%- 3,400 09 12 - ( ) 07 10 09 5 ( ) 09 10 17% 24% 18% 28 - - - 2,000 08 12 - - - 29 3002004006008001,0001,2001,4001,6002005 2006 2007 2008 2009 2010 189 07 ) 737(07 )

5 1,0875971,2786861,27769935047576253 800425* 2010 5 *Growth Action 2010 Growth Action 2010 Growth Action 2010 Growth Action 2010 Growth Action 2010 31 Growth Action 2010 09 6 2010 - - 2010 18,000 13,500 15,000 1,500600 800 2006 2010 8,000 /5 6,700 /5 1,300 322010 ( a bb-a 2,933 3,288 6,221 3,910 4,070 7,980 1,7593,860 1,577 2,320 3,897 1,760 2,400 4,160 2631,740 563 569 1,132 590 640 1,230 98580 487 525 1,012 510 540 1,050 38530 685 742 1,427 810 860 1,670 243850 246 224 470 250 250 500 30240 *96 80 176 90 90 180 490 6,586 7,749 14,336 7,920 8,850 16,770 2,4347,89009 10 2010 5 10 * 10/1Q 332010 ( a bb-a 115 146 261 155 130 285 24320 41 212 253 70 220 290 3785 34 6 40 35 55 90 5035 -29 1 -28 5 15 20 4815 28 44 72 75 85 160 8895 6 6 12 10 10 20 810 *10 8 18 5 10 15 -35 -26 -26 -53 -40 -40 -80 -27-45 180 397 576 315 485 800 22452009 10 2010 5 10 * 10/1Q 10/1Q 34 Growth Action 2010 - LSI ( ) - ( )))

6 - -AN - - 2012 - - - - 35 36 2011 5 37 2015 2015 2005 3802004006008001,000'03 '04 '05 '06 '07 '08 '09 '10 02468101214 8 6 10 12 13 ROE 10 10 10 10 39 404004505005509 11 1 3 5 7 EPS BPS 10 2009 1,402,616,332 1,000 2009 2010 41 09/3 10/3 09/3 10/3 6,822 6,604 -218 7,680 7,242 -438 980 939 -40 4,879 4,348 -531 2,089 2,389 301 2,801 2,894 93 2,735 2,511 -225 6,114 6,447 333 1,018 765 -254 5,991 6,129 137 6,971 7,085 114 1,034 1,034 4,413 4,475 62 794 794 -0 374 347 -27 4,183 4,321 138 2,185 2,263 79 -19 -20 -1 47 205 157 75 113 3813,793 13.

7 689 -10413,793 13,689 -104 42 15,531 14,336-1,195 % 12,378 11,007-1,371 3,153 3,329176 2,803 2,753-50 350 576227 -25 -1312 ( -7 ) ( -4 )( 3 ) ( 8 ) ( 12 )( 3 ) 325 564239 -135 -10332 190 461270 -137 -205-68 -6-33 47 253205 43 08 09 688 1,693 -1,357 -1,002 -669691 873 -751 -546 151-53 830981 4 98193144 02,0004,0006,0008,00010,00012,00014,0001 6,00018,00019501952195419561958196019621 9641966196819701972197419761978198019821 9841986198819901992199419961998200020022 004200620082010 45-20002004006008001,0001,2001,400919293 9495969798990001020304050607080910 46 113873840 09 1757941,2671,05008 900740716 152130 750829844 1.

8 452838 06 10 07 -2000-1000010002000 CF CFFCFISHIN-05 Growth Action 2010 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 47 - - 08 12 ( ) - 08 11 - 09 12 40 - 57 08 12 - 48 MF UF HDI AN SM) PPE 66 25 75 2009 49 / / 710 2 Shell 2,468 8 2,052 7 DOW 2,019 7MS MBS MMA 170 6 INVISTA 1,030 37 Rhodia 455 16 100 5 KRATON 405 19 Philips 170 8 PS ABS SB SBR PS ABS SB SBR 66 ABS 170 -- --100 3 1,356 37750 13 Ineos 1.

9 240 2150 20% HDI 30% 45% 22% 51* ABS - 75 13 - - AN 20 - MMA AN 2010 * 52 45 30 53 CO2 PC PC CO2 A PC PC A 5402004006008001,0001,2001,400 2003 2004 2005 2006 2007 2008 2009 * 1990 1,206563 610 592 598567548N2O CO2 600 N2O 50 CO2 N O