Showa Denko Revises Full-year Performance Forecast
- Written by ACN Newswire
Revised forecast of consolidated business results for Jan. 1 - Dec. 31, 2016
(Millions of yen, excepting profit attributable to owners of parent per share)
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Net sales Operating Ordinary Profit Profit
income income attributable attributable
to owners of to owners of
parent parent
per share (y)
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Earlier forecast (A) 670,000 30,000 23,000 9,000 63.1
(Announced on Aug. 9, 2016)
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Revised forecast (B) 670,000 36,000 30,000 12,000 84.1
(Announced on Dec. 13, 2016)
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(B) - (A) - 6,000 7,000 3,000
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Percentage of changes - 20.0% 30.4% 33.3%
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Reference
2015 results 780,958 33,672 32,225 969 6.78
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SDK consolidated every ten shares of its common stock into one share on July 1, 2016. The above numbers, both for 2016 and 2015, are calculated on the basis of the number of outstanding shares after this consolidation.
Reasons for the revision of consolidated performance forecast
Operating income in the Petrochemicals segment is expected to exceed the earlier forecast because the spread of ethylene, etc. has improved, reflecting the tight supply-demand balance in the Asian market. Operating income in the Electronics segment will also exceed the earlier forecast because shipment volumes of HD media recently have stronger tendency than the earlier forecast.
Ordinary income and profit attributable to owners of parent will exceed the earlier forecast, reflecting the increase in operating income.
Press release: www.sdk.co.jp/assets/files/english/news/2016/20161213_newsrelease1_e.pdf
About Showa Denko K.K.
Showa Denko K.K. ("SDK"; TSE:4004, US:SHWDF) is a major manufacturer and marketer of chemical products serving a wide range of fields ranging from heavy industry to the electronic and computer industries. The Petrochemicals Sector provides cracker products such as ethylene and propylene, the Chemicals Sector provides industrial and high-performance gases and chemicals and high-purity gases and chemicals for the semiconductor industry, and the Inorganics Sector provides ceramics products such as alumina, abrasive, refractory and graphite electrodes and fine carbon products. Today, the Aluminum Sector provides aluminum materials and high-value-added fabricated aluminum, the Electronics Sector provides HD media, compound semiconductors such as ultra high-bright LEDs and rare earth magnetic alloys, and the Advanced Battery Materials Department (ABM) provides lithium-ion battery components. For more information, please visit www.sdk.co.jp/english/.
Contact:IR Office, Finance & Accounting Department Phone: 81-3-5470-3323Copyright 2016 JCN Newswire. All rights reserved. www.jcnnewswire.com