|
|
|
|
|
TOKYO, Mar 11, 2022 - (JCN Newswire) - Showa Denko (SDK) (TOKYO: 4004) announces that it has corrected an error in the cash flows information of its Consolidated Financial Statements for the year ended December 31, 2021.
1. Reason for correction
We found an error in the description about cash flows in 2021, which is on page 9 of the Consolidated Financial Statements for the year ended December 31, 2021.
2. Correction details
The number subject to this correction is the one underlined below.
(Before correction)
(2) Cash flows in 2021
Net cash provided by operating activities increased 5,997 million yen from the previous year, to the proceeds of 115,283 million yen, due partly to an increase in profit before income taxes. Net cash used in investing activities decreased 958,653 million yen, to the proceeds of 28,606 million yen, due partly to the proceeds of 83,915 million yen resulting from the transfer of businesses, despite the effect of expenditure of 892,030 million yen in the previous year resulting from acquisition of shares in a subsidiary accompanying an expansion of the bounds of consolidation.
(After correction)
(2) Cash flows in 2021
Net cash provided by operating activities increased 5,997 million yen from the previous year, to the proceeds of 115,283 million yen, due partly to an increase in profit before income taxes. Net cash used in investing activities decreased 958,653 million yen, to the proceeds of 28,606 million yen, due partly to the proceeds of 83,915 million yen resulting from the transfer of businesses, despite the effect of expenditure of 890,230 million yen in the previous year resulting from acquisition of shares in a subsidiary accompanying an expansion of the bounds of consolidation.
Press release: www.sdk.co.jp/assets/files/english/news/2022/20220311_sdknewsrelease_e.pdf
About Showa Denko K.K.
Showa Denko K.K. (SDK; TSE:4004, ADR:SHWDY) is a major manufacturer of chemical products serving from heavy industry to computers and electronics. 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, the Inorganics Sector provides ceramic products, such as alumina, abrasives, refractory/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/.
For further information, contact:
Showa Denko K.K., IR Office, Finance & Accounting Department, Tel: 81-3-5470-3323
Topic: Press release summary
Source: Showa Denko K.K.
Sectors: Chemicals, Spec.Chem
http://www.acnnewswire.com
From the Asia Corporate News Network
Copyright © 2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
|
|
|
|
|
|
|
| Showa Denko K.K. |
| Aug 4, 2022 14:00 HKT/SGT |
|
Showa Denko Announces 2022 2Q Consolidated Financial Results |
| Aug 3, 2022 14:00 HKT/SGT |
|
Showa Denko Revises Forecast of Consolidated Performance |
| June 29, 2022 12:00 HKT/SGT |
|
Showa Denko Concludes MOU with SK Inc. to Give Consideration to a Plan to Cooperatively Produce High-Purity Gases for Semiconductors in North America |
| June 28, 2022 10:30 HKT/SGT |
|
SDK and Microwave Chemical Start Joint Development of New Microwave-based Chemical Recycling Technology to Directly Transform Used Plastic into Basic Chemical Feedstock |
| May 26, 2022 14:00 HKT/SGT |
|
Showa Denko Announces Record Date for Extraordinary Shareholders' Meeting |
| May 26, 2022 14:00 HKT/SGT |
|
Showa Denko to Consider Simplified Absorption-type Company Split |
| May 26, 2022 11:00 HKT/SGT |
|
Showa Denko Starts Shipment of Newly Developed HD Media for Record-breaking 26TB Near-line HDD |
| May 24, 2022 17:00 HKT/SGT |
|
Showa Denko's Program for 8-inch SiC Wafers for the Next-generation Green Power Semiconductor selected for NEDO's Green Innovation Fund Projects |
| May 11, 2022 14:00 HKT/SGT |
|
Showa Denko Announces 2022 First Quarter Financial Results |
| Apr 27, 2022 10:30 HKT/SGT |
|
Showa Denko Decides to Raise Chloroprene Rubber Price |
| More news >> |
 |
|
|
|
