Showa Denko K.K. (SDK) Revises Performance Forecast for 2006.Tokyo, Japan, Feb 8, 2007 - (JCN JCN Japan Corporate News JCN Journal of Cognitive Neuroscience JCN Journal of Cardiovascular Nursing JCN Journal of Christian Nursing JCN Job Control Number JCN Journal of Child Neurology JCN joint communications network (US DoD) Newswire) - Showa Denko Showa Denko K. K. (昭和電工株式会社 K.K. (SDK (Software Developer's Kit) See developer's toolkit and Windows SDK. SDK - Software Developers Kit (or "Software Development Kit"). ) has revised its performance forecast for the year 2006. Consolidated net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight for the year are expected to increase 1.6% from the earlier forecast (announced on August 8, 2006), to JPY JPY In currencies, this is the abbreviation for the Japanese Yen. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 914.5 billion, and consolidated operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. is expected to increase 1.8%, to JPY 68.7 billion. The upward revision in net sales forecast is due mainly to higher selling prices in the Petrochemicals segment, reflecting the rise in costs of naphtha naphtha (năp`thə, năf`–), term usually restricted to a class of colorless, volatile, flammable liquid hydrocarbon mixtures. and other feedstock feed·stock n. Raw material required for an industrial process. Noun 1. feedstock - the raw material that is required for some industrial process raw material, staple - material suitable for manufacture or use or finishing and tight supply of petrochemicals. Meanwhile, the upward revision in operating income forecast is due mainly to steady shipments in the Petrochemicals and Inorganics segments. Consolidated ordinary income is expected to increase 2.7%, to JPY 57.5 billion, reflecting higher operating income and improved balance between interest expense and interest/dividend income. Consolidated net income is expected to increase 8.8% form the earlier forecast, to JPY 28.8 billion, reflecting higher ordinary income and improved extraordinary profit/loss balance. Non-consolidated Basis
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(billions of yen)
Net Operating Ordinary Net
sales income profit income
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Earlier forecast (A) 635.0 37.0 29.5 14.0
(As of Aug. 8, '06)
Revised forecast (B) 634.7 39.6 32.9 18.8
(B) - (A) -0.3 2.6 3.4 4.8
Percentage increase -0.0% 7.0% 11.7% 34.3%
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2005 results 568.1 36.0 35.0 1.0
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Consolidated Basis
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(billions of yen)
Net Operating Ordinary Net
sales income profit income
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Earlier forecast (A) 900.0 67.5 56.0 26.5
(As of Aug. 8, '06)
Revised forecast (B) 914.5 68.7 57.5 28.8
(B) - (A) 14.5 1.2 1.5 2.3
Percentage increase 1.6% 1.8% 2.7% 8.8%
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2005 results 811.9 57.2 47.0 15.6
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For more information, please visit the Showa Denko IR website at http://www.sdk.co.jp/aa/english/ir/index.html . About Showa Denko K.K. Showa Denko K.K. ('SDK'; TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (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 propylene /pro·pyl·ene/ (pro´pi-len) a gaseous hydrocarbon, CH3CHdbondCH2. propylene glycol a colorless viscous liquid used as a humectant and solvent in pharmaceutical preparations. ), 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 fab·ri·cate tr.v. fab·ri·cat·ed, fab·ri·cat·ing, fab·ri·cates 1. To make; create. 2. To construct by combining or assembling diverse, typically standardized parts: aluminum products operations, and is today developing next-generation optical communications-use wafers. For more information, please visit www.sdk.co.jp. Source: Showa Denko K.K. Contact: Showa Denko K.K. Nobuhiro Kato nobuhiro_kato@sdk.co.jp +81-3-5470-3235 Copyright [c] 2007 JCN Newswire. All rights reserved. A division of Japan Corporate News Network K.K. |
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