Showa Denko Revises 2017 Performance Forecast
12 Dicembre 2017 - 05:30AM
JCN Newswire (English)
Showa Denko ("SDK"; TSE:4004) hereby announces revised forecast
of consolidated financial results for full-year 2017. SDK announced
the earlier forecast on July 24, 2017, and decided this time to
revise it, taking the recent business trends into consideration.
However, the forecast of net income attributable to owners of the
parent as shown in the table below remains the same as that in the
earlier forecast because it takes time to scrutinize the effect of
the business integration between SDK and former SGL GE Holding GmbH
(currently SHOWA DENKO CARBON Holding GmbH), which SDK acquired on
October 2, 2017.
1. Revised forecast of consolidated business results for January 1
- December 31, 2017
<BR /> (Millions of yen)<BR />---------------------------------------------------------------------------<BR /> Net sales Operating Ordinary Net income Net income<BR /> income income attributable to attributable to<BR /> owners of the owners of the<BR /> parent parent per share<BR /> (yen)<BR />---------------------------------------------------------------------------<BR />Earlier forecast (A)<BR />(Announced on July 24, 2017)<BR /> 762,000 60,000 43,500 21,000 147.34<BR />---------------------------------------------------------------------------<BR />Revised forecast (B)<BR />(Announced on Dec. 12, 2017)<BR /> 773,000 70,000 55,000 21,000 147.34<BR />---------------------------------------------------------------------------<BR />(B) - (A) 11,000 10,000 11,500 0<BR />---------------------------------------------------------------------------<BR />Percentage of changes<BR /> 1.4% 16.7% 26.4% -<BR />---------------------------------------------------------------------------<BR />Reference Results for January 1 - December 31, 2016<BR /> 671,159 42,053 38,690 12,305 86.27<BR />---------------------------------------------------------------------------<BR />
Reasons for the revision of consolidated performance forecast
Net sales are expected to exceed the earlier forecast. Net sales in
the Inorganics segment are expected to exceed the earlier forecast
because financial results of former SGL GE Holding GmbH (currently
SHOWA DENKO CARBON Holding GmbH) is to be consolidated, starting
from the fourth quarter, 2017 due to the business integration. Net
sales in the Petrochemicals segment will exceed the earlier
forecast because market prices of petrochemical products have been
hovering above the earlier forecast due to a rise in raw naphtha
price.
Operating income in the Petrochemicals segment is expected to
exceed the earlier forecast because the spreads of products have
been hovering above the earlier forecast, reflecting the tight
supply-demand situation in the Asian market. Operating income in
the Inorganics segment is also expected to exceed the earlier
forecast because operating income of our subsidiary in China is
expected to be higher than the earlier forecast due to a rise in
prices of graphite electrodes in the Chinese market.
Ordinary income will be higher than the earlier forecast due to the
increase in operating income.
The forecast of net income attributable to owners of the parent
remains the same as that in the earlier forecast because it takes
time to scrutinize the effect of the business integration between
SDK and former SGL GE Holding GmbH (currently SHOWA DENKO CARBON
Holding GmbH), which SDK acquired on October 2, 2017.
Press release (PDF):
www.sdk.co.jp/assets/files/english/news/2017/20171212_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/.
Source: Showa Denko K.K.
Contact:
IR Office
Finance & Accounting Department
Phone: 81-3-5470-3323
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