Showa Denko K.K. (SDK) Revises Performance Forecast for First Half and Full-Year 2006.Tokyo Tokyo (tō`kēō), city (1990 pop. 8,163,573), capital of Japan and of Tokyo prefecture, E central Honshu, at the head of Tokyo Bay. , Japan, June June: see month. 22, 2006 - (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 first half of 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 period are expected to increase 2.4% from the earlier forecast (announced on February February: see month. 9, 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. 420 billion, while 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 30.0%, to JPY 32.5 billion. SDK has also revised its performance forecast for the full-year 2006 from the earlier forecast announced on February 9, 2006. Consolidated net sales for the year 2006 are expected to increase 3.5%, to JPY 895 billion, while consolidated operating income is expected to increase 6.5%, to JPY 66 billion. The upward revisions in net sales forecast are due mainly to higher selling prices in the Petrochemicals segment, reflecting a rise in 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 cost and tight supply, as well as higher selling prices in the Chemicals and Aluminum segments, reflecting rises in feedstock costs. Although operating income in the Aluminum segment is expected to decrease due to the delay in passing on the rise in feedstock cost to the selling prices, overall operating income is expected to grow due to continued steady shipments in the Electronics segment (hard disk media) and the Inorganics segment. Ordinary income and net income will also rise as a result of the increase in operating income. Revised performance forecast for Jan. 1 - June 30, 2006
Consolidated basis (Billions of yen; %)
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Net sales Operating Ordinary Net income
income income
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Earlier forecast (A) 410.0 25.0 19.5 8.5
(Announced on Feb. 9, 2006)
Revised forecast (B) 420.0 32.5 26.5 13.0
(B) - (A) 10.0 7.5 7.0 4.5
Percentage of increase 2.4% 30.0% 35.9% 52.9%
First half, 2005 results 391.0 27.1 23.4 20.9
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Non-consolidated basis (Billions of yen; %)
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Net sales Operating Ordinary Net income
income income
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Earlier forecast (A) 280.0 13.0 9.0 3.5
(Announced on Feb. 9, 2006)
Revised forecast (B) 290.0 17.0 14.0 8.5
(B) - (A) 10.0 4.0 5.0 5.0
Percentage of increase 3.6% 30.8% 55.6% 142.9%
First half, 2005 results 271.7 17.4 20.2 9.8
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Revised performance forecast for Jan. 1 - Dec. 31, 2006
Consolidated basis (Billions of yen; %)
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Net sales Operating Ordinary Net income
income income
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Earlier forecast (A) 865.0 62.0 51.0 24.5
(Announced on Feb. 9, 2006)
Revised forecast (B) 895.0 66.0 54.0 25.0
(B) - (A) 30.0 4.0 3.0 0.5
Percentage of increase 3.5% 6.5% 5.9% 2.0%
2005 results 811.9 57.2 47.0 15.6
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Non-consolidated basis (Billions of yen; %)
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Net sales Operating Ordinary Net income
income income
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Earlier forecast (A) 595.0 34.0 26.0 12.0
(Announced on Feb. 9, 2006)
Revised forecast (B) 635.0 35.5 27.5 13.0
(B) - (A) 40.0 1.5 1.5 1.0
Percentage of increase 6.7% 4.4% 5.8% 8.3%
2005 results 568.1 36.0 35.0 1.0
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Reference
Net sales and operating income by segment:
Consolidated basis (Billions of yen)
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Revised Revised Earlier Increase Actual
forecast forecast forecast (Decrease) results
(Jan.-June) (Jan.-Dec.) (Feb. 9) for 2005
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Petro- Net sales 141.0 320.0 300.0 20.0 301.2
chemicals Operating 6.0 15.0 15.0 0 21.8
income
Chemicals Net sales 38.0 80.0 75.0 5.0 74.0
Operating 2.3 5.5 6.0 (0.5) 4.7
income
Electronics Net sales 78.0 165.0 164.0 1.0 133.9
Operating 16.0 32.0 25.5 6.5 19.7
income
Inorganics Net sales 35.0 70.0 69.0 1.0 61.9
Operating 6.5 13.0 11.5 1.5 8.3
income
Aluminum Net sales 128.0 260.0 257.0 3.0 240.9
Operating 3.0 6.0 9.5 (3.5) 8.3
income
HQ costs Net sales 0 0 0 0 0
and other Operating - 1.3 - 5.5 - 5.5 0 - 5.7
income
Total Net sales 420.0 895.0 865.0 30.0 811.9
Operating 32.5 66.0 62.0 4.0 57.2
income
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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 ethylene (ĕth`əlēn') or ethene (ĕth`ēn), H2C=CH2, a gaseous unsaturated hydrocarbon. It is the simplest alkene. , 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 inorganic /in·or·gan·ic/ (in?or-gan´ik) 1. having no organs. 2. not of organic origin. in·or·gan·ic n. 1. materials (ceramics ceramics (sərăm`ĭks), materials made of nonmetallic minerals that have been permanently hardened by firing at a high temperature, or objects made of such materials. , carbons). The company has overseas operations and a joint venture with Netherlands-based Montell and Nippon Nippon (nĭp`ŏn, nĭpŏn`), name for Japan, derived from Dai Nippon, meaning Great Japan. The expression comes from the Chinese ideograph for the place where the sun comes from, or Land of the Rising Sun. 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 wafers compressed roughage in flat plates useful for feeding to animals in transit. . For more information, please visit www.sdk.co.jp. Source: Showa Denko K.K. Contact: Showa Denko K.K. IR & PR Office Phone: 81-3-5470-3235 Copyright [c] 2006 JCN Newswire. All rights reserved. A division of Japan Corporate News Network K.K. |
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