Tokyo, Aug 1, 2012 - (JCN Newswire) - Showa Denko K.K. (SDK) has revised its earlier forecast of consolidated business results for full-year 2012 announced on February 9, in view of the recent business trends.
Revised performance forecast for Jan. 1 - Dec. 31, 2012
[Consolidated basis - Millions of yen, excepting net income per share]
Net Oper. Ord. Net Net income
sales income income income per share
Earlier forecast (A)
(Announced Feb. 9, 880,000 48,000 42,000 23,000 15.37
2012)
Revised forecast (B)
(Announced Aug. 1, 790,000 42,000 36,000 18,000 12.03
2012)
(B) - (A) -90,000 -6,000 -6,000 -5,000 -
Percentage of changes -10.2% -12.5% -14.3% -21.7% -
2011 results 854,158 47,357 40,018 16,980 11.35
Reasons for the revision of consolidated performance forecast
Net sales will decrease due mainly to lower shipment volumes in the Petrochemicals segment, which was caused by the suspension of operations for about 90 days in the first half of the year as a result of the ethylene plant trouble. The Electronics segment will record higher profit due to steady conditions in the hard disk media business. However, the Petrochemicals segment will record lower profit due to lower shipment volumes in the first half of the year and expected delays in the recovery of demand in the second half of the year. The Chemicals segment will also record lower profit due mainly to the stagnant acrylonitrile market. As a result, total operating income is expected to fall below the initial forecast. Ordinary income and net income will be lower than the initial forecast due to the fall in operating income.
Note: The above forecast is based on the information available as of today and assumptions as of today regarding risk factors that could affect our future performance. Actual results may differ materially from the forecast due to a variety of risk factors, including, but not limited to, the economic conditions, costs of naphtha and other raw materials, demand for our products, market conditions, and foreign exchange rates.
About Showa Denko
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. SDK makes petrochemicals (ethylene, propylene), aluminum products (ingots, rods), electronic equipment (hard disks for computers) and inorganic materials (ceramics, carbons). The company has overseas operations and a joint venture with Netherlands-based Montell and Nippon Petrochemicals to make and market polypropylenes. In March 2001, SDK merged with Showa Denko Aluminum Corporation to strengthen the high-value-added fabricated aluminum products operations, and is today developing next-generation optical communications-use wafers. For more information, please visit www.sdk.co.jp .
Contact:
Showa Denko K.K. (SDK)
IR & PR Office
Phone: +81-3-5470-3235
Aug 1, 2012
Source: Showa Denko
Showa Denko (TSE: 4004) (U.S: SHWDF)
From the Japan Corporate News Network
http://www.japancorp.net
Topic: Revised Earnings
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