Kohei Morikawa, President and CEO of Showa Denko ("SDK"; TSE:4004) announced the following New Year message.
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Showa Denko (SDK; TSE:4004) announces that it revises its forecast of year-end dividend payment as in below, taking the latest trend in its business performance into consideration.
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Silicon carbide epitaxial wafers (SiC epi-wafers), the main material for power semiconductors, with a diameter of six inches (150mm) and manufactured by Showa Denko K.K. (SDK; TSE:4004), have been adopted by DENSO Corporation for their latest booster power modules for fuel cell electric vehicles (FCEVs).
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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).
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Shanghai Showa Chemicals Co., Ltd. (SSC), a Chinese subsidiary of Showa Denko K.K. (SDK; TSE:4004), established a branch in Xi'an, Shaanxi Province, China, and started operation of the branch in December 2020, aiming to strengthen its business to sell and distribute high-purity gases for electronics in China.
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Showa Denko (SDK; TSE:4004) decided at its Board of Directors meeting today on changes in corporate management (directors, corporate officers and councilors).
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Showa Denko K.K. (SDK; TSE:4004) today announced its 2020 third quarter financial results.
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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.
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Showa Denko (SDK; TSE:4004) starts full-swing marketing of Poly-N-vinylacetamide (PNVA(TM)) optimized for use as a binder to form heat-resisting ceramic layer in separators to be used in lithium-ion batteries (LIBs), under the trade name of "GE191 Series."
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Showa Denko (SDK; TSE:4004) decided at its Board of Directors meeting held today that its consolidated subsidiary Showa Denko Carbon Holding GmbH (SDCH) will merge with its consolidated subsidiary Showa Denko Europe GmbH (SDE), and that the surviving company SDCH will change its company name into Showa Denko Europe GmbH (new SDE) effective as of January 1, 2021.
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Showa Denko (SDK; TSE:4004) signed a document to declare joining "The Valuable 500," an international initiative to promote inclusion of handicapped persons on September 1, 2020, because the Company endorsed the aim and activities of the initiative.
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Showa Denko (SDK; TSE:4004) obtained a license to process industrial waste, and started to accept used plastics which were crushed and molded.
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Showa Denko K.K. (SDK; TSE:4004) today announced its 2020 2Q consolidated financial results.
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Showa Denko (SDK; TSE:4004) has revised its forecast of consolidated performance for full-year 2020 as described below.
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Showa Denko (SDK; TSE:4004) announces that it will record expenses of 21.6 billion yen, consisting of 4.3 billion yen operating expenses and 17.3 billion yen non-operating expenses, in the first half of 2020 with regard to its acquisition of shares in Hitachi Chemical Company, Ltd. (Hitachi Chemical). SDK will also record an extraordinary loss of 4.7 billion yen as it adjusts graphite electrode production capacity.
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Showa Aluminum Can Corporation (SAC), a consolidated subsidiary of Showa Denko (SDK; TSE:4004), headquartered in Shinagawa Ward, Tokyo, had a ceremony on July 29 to celebrate the completion of its third base in Vietnam to produce aluminum cans. This new production base (Ba Ria-Vung Tau Factory) is in Ba Ria-Vung Tau Province, which is in the southern part of Vietnam.
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Showa Denko (SDK; TSE:4004) has developed wet-resistant heat-conductive aluminum nitride filler to be used as heat-radiation filler for semiconductor devices. SDK has started to offer samples of the aluminum nitride filler.
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Showa Denko (SDK; TSE:4004), its Group companies, and their cooperative companies continued to perform aluminum can recycling activity in fiscal 2019 (April 2019 - March 2020), collecting approximately 4.43 million cans: equivalent to about 67.8 tons of aluminum when converted at the rate of 15.3 grams of aluminum per can*.
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Showa Denko (SDK; TSE:4004) announces that Hitachi Chemical Company, Ltd. (Hitachi Chemical), a consolidated subsidiary of SDK, has resolved at the annual general shareholders' meeting held on June 23, 2020 to change its firm name into Showa Denko Materials Co., Ltd. on October 1, 2020.
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Showa Denko (SDK; TSE:4004) expanded production lines to produce vinyl ester resin (VE) and synthetic resin emulsion (EM) in the premises of Shanghai Showa Highpolymer Co., Ltd. (SSHP), a Chinese subsidiary of SDK, and has increased production of VE and EM there, aiming to expand the Showa Denko Group's functional resin business in China.
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The Tender Offeror commenced the Tender Offer on March 24, 2020, and the Tender Offer was completed on April 20, 2020. Accordingly, we hereby announce the results thereof as follows.
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At its board of directors meeting held on April 21, 2020, Showa Denko K.K. ("Showa Denko") decided to execute a money consumption loan agreement with Mizuho Bank, Ltd. ("Mizuho Bank") for fundraising purposes.
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Showa Denko, AIST, NEDO and ADMAT have cooperatively proved that introduction of artificial intelligence (AI) into the process to develop flexible transparent film can reduce the numbers of times of experiment to produce film that satisfies required properties to one-twenty-fifth (1/25) or less of those conventional development methods require.
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Today, Kohei Morikawa, President and CEO of Showa Denko K.K. ("Showa Denko"; TSE: 4004) sent a message to the company's newly-hired employees.
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Since the Tender Offerors confirmed that all the conditions precedent have been satisfied, Showa Denko's board of directors and the Tender Offeror's representative officer decided today to commence the Tender Offer on March 24, 2020.
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Showa Denko Packaging Co., Ltd. (SPA), a consolidated subsidiary of Showa Denko K.K., has developed a new product to be added to the lineup of SPALF(TM) aluminum laminate films which is used as packaging material for pouch-type lithium-ion batteries (LIBs), and decided to install equipment to mass-produce the new product.
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Showa Denko (SDK; TSE:4004) has received an award from Chairman of the Japan Business Federation for its used-plastic chemical recycling business.
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As notified on the "Announcement Regarding the Planned Commencement of Tender Offer for Shares in Hitachi Chemical Company, Ltd. (Securities Code 4217)" dated December 18, 2019, HC Holdings K.K., a wholly-owned subsidiary of Showa Denko K.K., had announced that the commencement of the tender offer (The "Tender Offer") is subject to satisfaction of certain conditions precedent, including the completion of necessary procedures and actions under domestic and overseas competition laws.
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Showa Denko (SDK; TSE:4004), in its 2019 consolidated financial statements announced today, recorded loss due to impairment (extraordinary loss).
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