SDK Corrects Segment Information in 2021 Consolidated Financial Statements
TOKYO, Mar 11, 2022 - (JCN Newswire via SEAPRWire.com) - 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 2021Net 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 2021Net cash provided by operat...
