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Showa Denko Decides to Raise Chloroprene Rubber Price

indie
2 minutes

TOKYO, Apr 27, 2022 - (ACN Newswire via SEAPRWire.com) - Showa Denko (SDK) (TOKYO: 4004) has decided to raise prices of its chloroprene rubber (a kind of synthetic resin marketed under trade name of Showa Denko Chloroprene) by JPY60/kg or more, which is equivalent to US$470/m.t or more for US-dollar-based transactions and EUR440/m.t. or more for euro-based transactions. The new prices will be effective from May 16, 2022 on shipping date basis.Showa Denko Chloroprene has the advantage of being highly efficient at oil resistance, thermal resistance, weather resistance, and incombustibility. Showa Denko Chloroprene's fluid latex products are used for various purposes including medical instruments, adhesives, and waterproofing agents, and its solid dry-tip products are used as parts for automobiles, civil engineering, construction, and other industrial use.Business environment of Showa Denko Chloroprene remains severe due to a substantial rise in prices of raw materials and electricity charges caused by surging fuel prices. SDK has been making effort to reduce production costs of chloroprene through streamlining of production process. This time, however, we concluded that the Company i...

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Outline of Showa Denko CEO Message to Newly-hired Employees

indie
4 minutes

TOKYO, Apr 1, 2022 - (ACN Newswire via SEAPRWire.com) - Today, Hidehito Takahashi, President and CEO of Showa Denko K.K. (SDK) (Tokyo: 4004) and Showa Denko Materials Co., Ltd. sent a message to the companies' newly-hired employees as summarized below:Hidehito Takahashi, President and CEOWe aim to become a "Co-Creative Chemical Company"Welcome to Showa Denko!The Showa Denko Group has defined its Purpose (the reason for the existence) as "Change society through the power of chemistry," and aims to evolve into a "Company that can compete on the world stage" and a "Company that contributes to a sustainable global society." To achieve these aims, The Group has positioned the idea of sustainability as the basis of its management, and defined its material issues as "Gain social credibility through responsible business management," "Strengthen competitiveness and create social value through innovation and business," and "Promote talent and corporate culture with autonomy and creativity." We will solve these material issues through co-creation with partners ranging from key industry players to individual consumers and sharing the same idea with us, and we will realize sustainable developme...

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Showa Denko Decides Firm Name of the Newly Integrated Company

ruth
5 minutes

TOKYO, Mar 9, 2022 - (JCN Newswire via SEAPRWire.com) - Showa Denko K.K. (SDK) (TOKYO: 4004) announces that it was resolved at the Board of Directors meeting held today that SDK will set the firm name of a new company (the newly integrated company) which is planned to be organized in January 2023 as a result of integration of SDK and Showa Denko Materials Co., Ltd. (SDMC), which is a member company of the Showa Denko Group, as in below. Execution of this resolution is subject to adoption of relevant resolutions by shareholders at an extraordinary general meeting of shareholders of Showa Denko K.K., which is planned to be held in late September 2022, and is also subject to adoption of relevant resolutions by shareholders at an extraordinary general meeting of shareholders of SDMC, which is planned to be held in late September 2022.We will announce the details of this matter including changes in articles of incorporation as soon as they are decided.1. Firm name of the Newly Integrated CompanyResonac CorporationAs stated in the news release titled "Showa Denko Group Starts to Consider Transformation into Holding Company Structure," which is announced at the same time today, we will co...

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Showa Denko Group Starts to Consider Transformation into Holding Company Structure

ruth
5 minutes

TOKYO, Mar 9, 2022 - (JCN Newswire via SEAPRWire.com) - Showa Denko K.K. (SDK) (TOKYO: 4004) announces that it was resolved at the Board of Directors meeting held today that, regarding a plan for transformation from current company structure to holding company structure, the Company will start to consider the plan and prepare for execution of the plan. Execution of the plan is subject to adoption of relevant resolutions by shareholders at an extraordinary general meeting of shareholders, which is planned to be held in late September 2022, and is also subject to approval and authorization by the appropriate authorities. We will announce details of the plan as soon as they are decided.1. Background and purpose of the considerationAs we stated in "Our Policy toward Realization of 'Co-Creative Chemical Company'," which was announced on February 14, 2022, the Showa Denko Group aims to change the Group into "Company that can compete on the world stage," "Company that contributes to sustainable global society," and "Company that develops talent that represents Japan's manufacturing industry," thereby making the Group "Global Top-Level Functional Chemical Manufacturer from Japan," which is...

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Showa Denko Revises Forecast of Consolidated Performance

ruth
2 minutes

TOKYO, Feb 9, 2022 - (JCN Newswire via SEAPRWire.com) - Showa Denko (SDK; TSE:4004) announces that it revises its forecast of consolidated business results for the full year ending on December 31, 2021, which was announced on August 3, 2021.1. Revision of forecast of consolidated business results for January 1 - December 31, 2021(1) Revised forecast of consolidated business results for January 1 - December 31, 2021https://www.acnnewswire.com/docs/Multimedia/Low_SDK202202.jpg (2) Reasons for the revisionNet sales hovers around the level of the previous forecast. However, operating income is expected to slightly increase. Ordinary income is also expected to increase by about 4.5 billion yen due to an increase in foreign exchange gain and a slight increase in equity in earnings of affiliates. In addition, an extraordinary loss of about 8.5 billion yen, which was once expected to incur in the year ending on December 31, 2021 as a cost of business structure improvement in the Showa Denko Materials segment, is now expected to incur in 2022. As a result, net income attributable to owners of the parent is expected to increase by about 13 billion yen from that in the previous forecast.With ...

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New Year Message from Hidehito Takahashi, Showa Denko President and CEO

ruth
4 minutes

TOKYO, Jan 4, 2022 - (JCN Newswire via SEAPRWire.com) - Hidehito Takahashi, President and CEO of Showa Denko ("SDK"; TSE:4004) announced the following New Year message.Hidehito Takahashi, President and CEOI would like to express my heartfelt sympathy to everyone who contracted COVID-19 and the people who are in difficulties due to the spread of the disease.In 2021, people realized "new normal" in which they struggled to return to normal daily life while preventing further spread of the disease. Thus people have started to create new sense of values.2022 is crucial for the process toward complete integrationSince 2019, in which the Company announced that it would acquire former Hitachi Chemical Company, Ltd. (current Showa Denko Materials Co., Ltd.), the scheme for integration of Showa Denko (SDK) and Showa Denko Materials (SDMC) has been proceeding smoothly due to the effort of you all in the Showa Denko Group. As a result, in January 2022, we achieved substantial integration of the two companies through unification of the two companies' management systems. It was an excellent result because it was achieved one year earlier than the schedule which had been announced through the "Lo...

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Showa Denko Revises Forecast of Consolidated Performance and Records Extraordinary Loss

ruth
4 minutes

TOKYO, Aug 3, 2021 - (JCN Newswire via SEAPRWire.com) - Showa Denko (SDK; TSE:4004) announces that it revises its forecast of consolidated business results for the first half of the year ending on December 31, 2021 and that for the full year ending on December 31, 2021, both of which were announced on July 8, 2021. SDK also announces that it will record extraordinary loss.1. Revision of forecast of consolidated business results for January 1 - June 30, 2021(1) Revised forecast of consolidated business results for January 1 - June 30, 2021Please see www.sdk.co.jp/assets/files/english/news/2021/20210803_sdknewsrelease_e.pdf(2) Reasons for the revisionNet sales hovers around the level of the previous forecast. However, operating incomes of all segments except the Others segment are expected to increase. Especially in the Showa Denko Materials segment, operating income is expected to increase due to a continuously tight supply-demand situation regarding its semiconductor related business. Also in the Petrochemicals segment, operating income is expected to increase due to higher-than-expected product prices resulting from a rise in raw naphtha price. As a result, our ordinary income is ...

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Showa Denko Group Challenges to Realize Carbon Neutrality by 2050

ruth
4 minutes

TOKYO, Jul 30, 2021 - (JCN Newswire via SEAPRWire.com) - Showa Denko K.K. (SDK; TSE:4004) decided to work on realization of carbon neutrality by 2050 as an embodiment of "company that contributes to a sustainable global society," which is stated in the Showa Denko Group's long term vision as the "ideal state of newly integrated company."*Scope 1 (GHGs emitted from its own production activities); Scope 2 (GHGs emitted from production processes of purchased resources including electricity)As countermeasures against climate change, Paris Agreement (adopted in COP21) and other global programs are in progress. In Japan, the Japanese Government has declared to aim to achieve carbon neutrality and revised national target for GHG reduction. Thus implementation of programs on carbon neutrality is expected to be accelerated worldwide.With regard to the Showa Denko Group, the Group has been working on countermeasures against climate change including its endorsement of TCFD (Task Force on Climate-Related Financial Disclosures) in 2019. Furthermore, the Group decided this time to promote its GHG emission reduction measures which are listed in the road map, in order to achieve the Group's carbon...

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About a Media Report Concerning Showa Denko

ruth
2 minutes

TOKYO, Jul 8, 2021 - (JCN Newswire via SEAPRWire.com) - With regard to the media coverage made by Nihon Keizai Shimbun (NIKKEI: The Japan Economic Journal) published on July 8, 2021 reporting that Showa Denko (SDK; TSE:4004) will sell off the lead-acid battery business operated by Showa Denko Materials Co., Ltd., which is a member company of the Showa Denko Group, SDK has never released such news, and the coverage is not based on information disclosed by SDK.SDK has been investigating various measures to increase its corporate value, including review of the Showa Denko Group's business portfolio. Regarding this issue, SDK will suggest a draft resolution to the meeting of the Board of Directors which is to be convened today, and will disclose results of the meeting without delay if any decision regarding this issue is made officially.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 sem...

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Showa Denko and Infineon Technologies Conclude Supply Contract and Development Agreement

ruth
5 minutes

TOKYO, May 6, 2021 - (JCN Newswire via SEAPRWire.com) - Showa Denko K.K. (SDK; TSE:4004) has concluded a two-year contract including optional extension clauses with Infineon Technologies AG (Infineon), a German semiconductor manufacturer providing semiconductor solutions for automotive and industrial use worldwide, to sell SiC materials for power semiconductors and cooperatively develop SiC materials technology.SDK expects the contract will enable Infineon to apply SDK SiC materials to various power semiconductor products and the two companies to accelerate improvement in quality of products by bringing together the two companies' knowledge.Due to the homogeneity in properties[1] and low density of surface defects[2], SDK SiC epi-wafers materials, which were launched into the market in 2009, have been adopted by electronic device manufacturers as parts of various devices including power supply for servers of cloud computing systems, inverters for railcars and solar power generation systems, and converters installed in quick charging stands for EVs.As the largest independent manufacturer of SiC epi-wafers (estimated by SDK), and under a motto of "Best in Class," the Showa Denko Grou...

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Showa Denko CEO Message to Newly-hired Employees

ruth
3 minutes

TOKYO, Apr 2, 2021 - (JCN Newswire via SEAPRWire.com) - Kohei Morikawa, President and CEO of Showa Denko K.K. (SDK; TSE:4004), sent a message to welcome the company's newly-hired employees at the entrance ceremony 2021.Kohei Morikawa, President and CEO- Changing society through the power of chemistry -The Showa Denko Group has taken a new step in integrating the former Hitachi Chemical (currently Showa Denko Materials) as a member. It's a transformative, once-in-a-century change. In our long-term vision announced last December, we stated that our mission as a newly integrated company was to improve society with the power of chemistry. To achieve this, we are aiming to become a company that competes in the global market, evolving as an advanced materials partner to create functions required of the times and contributing to sustainable development in a global society. 2021 is the year in which we embark on this road together.- Transforming changes into evolution -I would like to convey the following points to the new employees welcomed today.1. ThinkAs new employees, you will be aware of yourselves and what the company needs. But you should also be aware of what the world needs, and ...

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New Year Message from Kohei Morikawa, Showa Denko President and CEO

ruth
3 minutes

TOKYO, Jan 4, 2021 - (JCN Newswire) - Kohei Morikawa, President and CEO of Showa Denko ("SDK"; TSE:4004) announced the following New Year message.Kohei Morikawa, President and CEOI would like to express my heartfelt sympathy to everyone who contracted COVID-19 and the people who are in difficulties due to the spread of the disease. COVID-19 is having severe effect on the civic life and corporate activities, and the lives and working conditions of the people has been significantly changed due to the disease. On the other hand, production of hygienic commodities such as masks and antiseptic solutions and electronic devices including PCs and tablets, for which peoples demand increased due to the spread of teleworking, requires the chemical industry, and 2020 was the year in which people rediscovered that such chemical products are indispensable for their everyday life.Change society through the power of chemistryIn April 2020, Showa Denko received Showa Denko Materials Co., Ltd. (former Hitachi Chemical Company Ltd.) into the Showa Denko Group, and, since then, the two companies have been discussing the way to establish the basis of growth toward the future. In December 2020, the two ...

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SDK Formulates ‘Long-term Vision (2021-2030) for Newly Integrated Company’

ruth
15 minutes

TOKYO, Dec 10, 2020 - (JCN Newswire) - Showa Denko K.K. (SDK; TSE:4004) has formulated its future "Long-term Vision (2021-2030) for Newly Integrated Company" (Long-term Vision) following integration with Showa Denko Materials Co., Ltd. (Showa Denko Materials).Since making Showa Denko Materials a consolidated subsidiary on April 28 of this year, Showa Denko has been developing its Long-term Vision in order to integrate the two companies as soon as possible and establish a foundation for future growth.Showa Denko and Showa Denko Materials are committed to providing new functions and value as an integrated company (the Company) in the chemicals industry where intensification of global competition and changes in market structure are expected to go forward, thereby contributing to the realization of a sustainable society.1. Long-term Vision and synergy for Newly Integrated Company(1) Purpose and Ideal stateIn terms of purpose, the Newly Integrated Company will seek to "change society through the power of chemistry." This includes contributing to the sustainable development of global society by creating functions required of the times as an advanced material partner. In addition, the Com...

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SDK to Split Its Optical Semiconductor Business

ruth
6 minutes

TOKYO, Oct 27, 2020 - (JCN Newswire) - Showa Denko (SDK; TSE:4004) decided at its Board of Directors' meeting today to split its business in optical semiconductors and rare earth alloys through an absorption-type company split effective January 1, 2021 (hereinafter "the Company Split"). Showa Denko Photonics Co., Ltd., a wholly-owned subsidiary of SDK, will succeed to the business.As the Company Split is to be implemented through a simplified absorption-type company split between SDK and its wholly-owned subsidiary, part of details is omitted in this disclosure.1. Objective of the Company SplitIn its medium-term business plan "The TOP 2021," SDK aims to establish itself as a "KOSEIHA Company," which means a group of KOSEIHA businesses that can maintain their profitability and stability at high levels over a long period. The optical semiconductor business is classified as one of the "Grow" businesses under the plan. SDK aims to expand the business in this growth market by providing products and technologies meeting customer needs, thereby developing it into one of its KOSEIHA businesses.To achieve this goal, SDK will make the business an operating company, increasing the speed of de...