SDK Records Impairment Loss (Extraordinary Loss)

Feb 13, 2020 17:00 JST

Source: Showa Denko K.K.

TOKYO, Feb 13, 2020 - (JCN Newswire) - Showa Denko (SDK; TSE:4004), in its 2019 consolidated financial statements announced today, recorded loss due to impairment (extraordinary loss).

Specifically, we reappraised the value of some businesses, including those for manufacturing aluminum fabricated articles and synthetic resins, taking into consideration their future performance forecast. As a result, SDK decided to record impairment loss for relevant fixed assets, totaling 15,662 million yen (in the category of extraordinary loss). The figure includes impairment loss of 10,418 million yen for the aluminum fabricated articles manufacturing business, and impairment loss of 2,812 million yen for the synthetic resins manufacturing business.

As for the influence of this issue on the consolidated business results, please refer to SDK's 2019 consolidated financial statements announced today.

Contact:

Showa Denko K.K., IR Office, Tel: 81-3-5470-3323

Source: Showa Denko K.K.
Sectors: Chemicals

Latest Release

SDK to increase capacity of aluminum substrate for hard disks
Jan 15, 2021 10:00 JST

Toyota Gazoo Racing Introduces GR010 Hybrid Hypercar

Jan 15, 2021 08:37 JST

New-Look Toyota Yaris Wrc Ready to Fight for More Titles in 2021

Jan 15, 2021 08:16 JST

NEC Concludes Contract to Supply the Palau Cable 2 (PC2) Optical Submarine Cable
Jan 14, 2021 14:01 JST

Fujitsu Leverages Deep Learning to Achieve World's Most Accurate Recognition of Complex Actions and Behaviors Based on Skeleton Data

Jan 13, 2021 10:55 JST

Eisai to Present Abstracts on Lenvatinib at 2021 Gastrointestinal Cancers Symposium
Jan 12, 2021 12:37 JST

Thailand's First Demonstration Project of Optimized Performance Enabling Network for Volt/Var(Q) (OPENVQ) in Power Transmission Networks

Jan 12, 2021 12:21 JST

NEC Releases 'WISE VISION Endoscopy' in Europe and Japan

Jan 12, 2021 10:56 JST

Norwegian Block Exchange (NBX) Raises Capital for Growth

Jan 12, 2021 07:30 JST

MHI Thermal Systems Receives 2020 "Agency for Natural Resources and Energy Commissioner's Award" for MSV2 Series of High-efficiency, Air-cooled Heat Pump Chillers

Jan 07, 2021 15:20 JST

Olympus and Hitachi Announce Long-Term Business Alliance regarding Endoscopic Ultrasound Systems
Jan 06, 2021 18:48 JST

Hitachi Automotive Systems, Keihin, Showa, and Nissin Kogyo Conclude Management Integration and Commence Operations as Hitachi Astemo
Jan 06, 2021 18:17 JST

NEC's Northgate Public Services Acquires Charter Systems Ltd to Improve Information Sharing for Undercover Policing
Jan 05, 2021 10:19 JST

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

Jan 04, 2021 14:00 JST

Mazda Production and Sales Results for November 2020
Dec 28, 2020 10:37 JST

Hitachi Capital, Hitachi Asia, and SANTEC Begin Collaboration to Drive Solar Power Generation Business in Thailand
Dec 28, 2020 09:19 JST

Toyota Launches "C+pod" Ultra-Compact Battery Electric Vehicle in Japan

Dec 25, 2020 15:14 JST

Showa Denko Revises Dividend Payment Forecast
Dec 25, 2020 14:00 JST

Toyota's Global Sales and Production Up Year-on-Year in November for Third Consecutive Month
Dec 25, 2020 13:43 JST

Vietnam Pilot Project Utilizing TradeWaltz Platform Adopted Under Government's Supply-Chain Diversification Scheme
Dec 24, 2020 17:01 JST

More Latest Release >>

Latest Release

Related Release