TOKYO, Dec 4, 2015 - (JCN Newswire) - Showa Denko (SDK) (TOKYO: 4004) has revised its consolidated performance forecast for full-year 2015 announced on July 30, 2015, taking into consideration the recent business trends.
1. Revised forecast of consolidated business results for Jan.1 - Dec. 31, 2015
(Millions of yen, excepting net income per share)
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Net sales Operating Ordinary Net income Net income
income income per share (y)
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Earlier forecast (A) 825,000 40,000 37,000 10,000 7.00
(Announced on July 30, 2015)
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Revised forecast (B) 785,000 34,000 31,000 7,000 4.90
(Announced on Dec. 4, 2015)
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(B) - (A) -40,000 -6,000 -6,000 -3,000
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Percentage of changes -4.8% -15.0% -16.2% -30.0%
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2014 results
(Reference) 876,580 20,915 22,102 3,500 2.38
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2. Reasons for the revision of consolidated performance forecast
Net sales will be lower than the earlier forecast. Though shipment volumes of petrochemical products are expected to remain firm, sales in the Petrochemicals segment will decrease due to the lower-than-earlier-forecast tendencies in sales prices of petrochemical products, reflecting the fall in raw naphtha prices. Sales in Electronics segment will also be lower than the earlier forecast due to lower-than-expected shipment volumes of HD media.
Operating income will also be lower than the earlier forecast. Operating income from the Chemicals segment will increase because shipment volumes of high-purity semiconductor-processing gases remain strong. However, operating income from the Petrochemicals segment will be lower than the earlier forecast because of the decline in market prices of raw naphtha, which will result in loss on feedstock cost adjustment. Operating income from the Electronics segment will also be lower than the earlier forecast due to the decline in shipment volumes of HD media and the sluggish market for rare earth magnetic alloys. In addition, operating income from the Inorganics segment will also be lower than expected due to the decline in shipment volumes and sales prices of graphite electrodes on the Asian market.
Ordinary income and net income will be lower than the earlier forecast due mainly to the lower-than-expected operating income.
Contact:
IR Office, Finance & Accounting Department
Phone: 81-3-5470-3323
Topic: Press release summary
Source: Showa Denko K.K.
Sectors: Chemicals, Spec.Chem
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