New Year Message from Kohei Morikawa, Showa Denko President and CEO
TOKYO, Jan, 04 2019 - (JCN Newswire) - Kohei Morikawa, president and CEO of Showa Denko ("SDK"; TSE:4004) announced the following New Year message.
2019 is a year when our true value is being questioned
We expect that the Showa Denko Group will achieve all-time high operating income for two consecutive years in its 2018 year-end settlement of accounts. Our success in fully sharing the benefit of a brisk market is the result of the strenuous efforts to establish "sound present" made by the Group's lines of business through many years. With regard to the global economy in 2019, a dark sign has begun to be seen in the prosperity which started in 2017 due partly to the trade friction between the United States and China and other geopolitical risks. 2019 is a year when our true value is being questioned. Whether we can adapt ourselves to changes in wind direction or not will determine our true value.
To make ourselves a "KOSEIHA Company"
Under the new medium-term consolidated business plan "The TOP 2021" which starts this year, the Showa Denko Group will change its course sharply toward long-term business growth on the basis of cash we earned. "The TOP" represents the summit of the mountain we aim for, namely, making half or more of the Group's businesses "KOSEIHA Businesses." KOSEIHA Business is a business in which the Group earns operating income of billions of yen or more, records operating margin of 10% or more, and achieves stable profitability tolerant to environmental change. Different businesses have different processes to become KOSEIHA Businesses. Every business should start to "Enhance," "Grow" or "Change" itself in line with the policy set in The TOP 2021. In addition, to realize continuous growth, creation of new businesses is essential for us. Let's have a strong will to promote growth of the Group and "Create" new businesses.
Let's "Act" to touch the heart and make society better
2019 marks Showa Denko's 80th anniversary. Let's appreciate our predecessors' contributions to the prosperity of the Showa Denko Group, and march together toward the promising future, aiming to become a corporate group which satisfies all stakeholders. The Showa Denko Group shall "Act" to touch "the heart" and make "society" better. To make ourselves such a corporate group, I'm looking for everyone to act on your own initiative as the leading person of value creation. Let's make a powerful start toward new growth.
About Showa Denko K.K.
Showa Denko K.K. (SDK; TSE:4004, ADR:SHWDY), a major manufacturer of chemical products, serves a wide range of fields from heavy industry to electronics and computer industries. 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 semicon and other industries, and the Inorganics Sector provides ceramic products, such as alumina, abrasives, refractory and graphite electrodes and fine carbon products. The Aluminum Sector provides aluminum materials and high-value-added fabricated aluminum, the Electronics Sector provides HD media, compound semiconductors such as ultra high-bright LEDs and rare earth magnetic alloys, and the Advanced Battery Materials Department (ABM) provides lithium-ion battery components. For more information, please visit www.sdk.co.jp/english/.
Showa Denko K.K. Public Relations Office, Tel: +81-3-5470-3235
Source: Showa Denko K.K.
Copyright ©2019 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.