1. Revision of forecast of consolidated business results for
(1) Revised forecast of consolidated business results for
Please see www.sdk.co.jp/assets/files/english/news/2021/20210803_sdknewsrelease_e.pdf
(2) Reasons for the revision
Net 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 expected to show almost as much increase as that in our operating income. However, net income attributable to owners of the parent is expected to show slight improvement because we expect an increase in the extraordinary loss of about
Major factors of the expected extraordinary loss to be recorded are loss on sale of two businesses of the Aluminum segment, which was announced on
2. Revision of forecast of consolidated business results for
(1) Revised forecast of consolidated business results for
Please see www.sdk.co.jp/assets/files/english/news/2021/20210803_sdknewsrelease_e.pdf
(2) Reasons for the revision
In the Petrochemicals segment, net sales are expected to increase due to higher-than-expected prices of major products including ethylene resulting from a rise in raw naphtha price. In the Inorganics segment, net sales are expected to increase due to an increase in the sales volume of graphite electrodes resulting from tight supply-demand situation. In the Showa Denko Materials segment, net sales are expected to increase due to tight supply-demand situation in the semiconductor related business which is expected to continue into the second half of this year.
Operating incomes are expected to increase in all segments except the Others segment, centering on the first half of 2021. As a result, our ordinary income is expected to show almost as much increase as that in our operating income. However, net income attributable to owners of the parent is expected to decrease due to recording of extraordinary loss.
3. Recording of extraordinary loss
In the first half of this year, SDK will record a loss on sale of two businesses of the Aluminum segment, which was announced on
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