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Tuesday, 13 December 2016, 13:30 HKT/SGT
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Source: Showa Denko K.K.
Showa Denko Revises Full-year Performance Forecast

TOKYO, Dec 13, 2016 - (JCN Newswire) - Showa Denko ("SDK"; TSE:4004) has revised its earlier forecast of consolidated business results for full-year 2016 announced on August 9, 2016 in view of the recent business trends.

Revised forecast of consolidated business results for Jan. 1 - Dec. 31, 2016
(Millions of yen, excepting profit attributable to owners of parent per share)
------------------------------------------------------------------------------
                    Net sales  Operating  Ordinary  Profit       Profit
                               income     income    attributable attributable
                                                    to owners of to owners of
                                                    parent       parent
                                                                 per share (y)
------------------------------------------------------------------------------
Earlier forecast (A)  670,000     30,000    23,000         9,000          63.1
(Announced on Aug. 9, 2016)
------------------------------------------------------------------------------
Revised forecast (B)  670,000     36,000    30,000        12,000          84.1
(Announced on Dec. 13, 2016) 
------------------------------------------------------------------------------
(B) - (A)                   -      6,000     7,000         3,000
------------------------------------------------------------------------------
Percentage of changes       -      20.0%     30.4%         33.3%
------------------------------------------------------------------------------
Reference
2015 results          780,958     33,672    32,225           969          6.78
------------------------------------------------------------------------------
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, ADR:SHWDY), a major manufacturer of chemical products, serves a wide range of fields from heavy industry to electronics and computer industries. The Petrochemicals Sector provides cracker products such as ethylene and propylene, the Chemicals Sector provides industrial, high-performance and high-purity gases and chemicals for semicon and other industries, and the Inorganics Sector provides ceramic products, such as alumina, abrasives, refractory and graphite electrodes and fine carbon products. 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: 81-3-5470-3323


Dec 13, 2016 13:30 HKT/SGT
Source: Showa Denko K.K.

Showa Denko K.K. (TSE: 4004)

Topic: Press release summary
Sectors: Chemicals
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