Showa Denko K.K. (SDK) to Raise Term-end Dividend; Revises Performance Forecast for Full-Year 2007.Tokyo, Japan, Aug 7, 2007 - (JCN JCN Japan Corporate NewsJCN 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. (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : 4004; 'SDK') at its board meeting today decided that the rate of the term-end dividend for 2007 should be increased from 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. 4.00 per share as announced on February 8, 2007, to JPY 5.00 per share. This represents a JPY 1.00-per-share increase in the term-end dividend from the previous year. SDK (Software Developer's Kit) See developer's toolkit and Windows SDK. SDK - Software Developers Kit (or "Software Development Kit"). made the decision because its performance for 2007 is expected to improve from the earlier forecast announced on February 8, 2007. Specifically, 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 2007 are expected to increase 4.2%, to JPY 1,000 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 1.4%, to JPY 74 billion. Consolidated ordinary income will remain unchanged at JPY 60.5 billion, but consolidated net income is expected to increase 4.8%, to JPY 33.0 billion The upward revisions in net sales forecast are due mainly to higher selling prices in the Petrochemicals and Aluminum segments, reflecting increases 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 costs. Operating income will grow due to better-than-expected first half results in the Petrochemicals and Inorganics segments, reflecting steady demand. Meanwhile, in the Electronics segment, where shipments of high-storage-capacity hard disk (HD) media based on the perpendicular magnetic recording (PMR PMR 1 Percutaneous myocardial revascularization, see there 2 Perinatal mortality rate 3 Polymyalgia rheumatica 4 Proportionate mortality ratio, see there ) technology are rapidly growing, operating income of the segment is expected to decrease mainly due to sharp increases in costs of target materials Graphic, textual, tabular, digital, video, or other presentations of target intelligence, primarily designed to support operations against designated targets by one or more weapon(s) systems. for PMR-technology-based HD media. Consolidated ordinary income will remain unchanged from the earlier forecast due to increases in non-operating expenses as a result of the start-up of the new HD media plant in Singapore. Net income will rise as a result of improvement in the extraordinary profit/loss balance.] Revised performance forecast for Jan. 1 - December 31, 2007 Consolidated basis
(billions of yen)
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Net Operating Ordinary Net
sales income income income
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Earlier forecast(A)
(Announced 2/08/07) 960.0 73.0 60.5 31.5
Revised forecast(B) 1,000.0 74.0 60.5 33.0
(B)-(A) 40.0 1.0 0 1.5
Percentage increase 4.2% 1.4% -- 4.8%
2005 results 914.5 68.7 57.5 28.8
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Non-consolidated basis
------------------------------------------------------------------------
Net Operating Ordinary Net
sales income income income
------------------------------------------------------------------------
Earlier forecast(A)
(Announced 6/22/06) 660.0 44.5 36.5 20.5
Revised forecast(B) 690.0 45.5 40.0 21.0
(B)-(A) 30.0 1.0 3.5 0.5
Percentage increase 4.5% 2.2% 9.6% 2.4%
2005 results 634.7 39.6 32.9 18.8
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Net sales and operating income by segment: Consolidated basis
(billions of yen)
------------------------------------------------------------------------
Earlier Revised Actual
forecast forecast Increase results
(2/8/2007) (1-12/2007)(Decrease) FY 2006
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Petrochemicals Net sales 340.0 380.0 40.0 335.4
Operating
income 17.0 19.0 2.0 16.4
Chemicals Net sales 80.0 80.0 0 79.2
Operating
income 6.0 6.5 0.5 5.1
Electronics Net sales 210.0 200.0 (10.0) 165.5
Operating
income 30.0 25.0 (5.0) 28.6
Inorganics Net sales 80.0 80.0 0 74.3
Operating
income 17.0 19.5 2.5 16.1
Aluminum, other Net sales 250.0 260.0 10.0 260.1
Operating
income 9.0 9.5 0.5 6.5
HQ costs,other Net sales 0 0 0 0
Operating
income - 6.0 - 5.5 0.5 - 3.9
Total Net sales 960.0 1,000.0 40.0 914.5
Operating
income 73.0 74.0 1.0 68.7
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For more information, please visit http://www.sdk.co.jp/aa/english/ir/index.html About Showa Denko K.K. Showa Denko K.K. ('SDK'; 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, 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 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. Nobuhiro Kato nobuhiro_kato@sdk.co.jp +81-3-5470-3235 Japan Corporate News Network. All rights reserved. |
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