Last $1.25 USD
Change Today 0.00 / 0.00%
Volume 0.0
SHWDF On Other Exchanges
Symbol
Exchange
Berlin
Tokyo
OTC US
OTC US
As of 8:10 PM 10/3/14 All times are local (Market data is delayed by at least 15 minutes).

showa denko k k (SHWDF) Key Developments

Showa Denko to Cease Ethyl Acetate Operations in Indonesia

Showa Denko will cease ethyl acetate operations at its Indonesian subsidiary Showa Esterindo Indonesia.

Showa Denko Increases Capacity to Produce 6" Silicon Carbide Epi-Wafers for Power Devices

Showa Denko increased its capacity to produce silicon carbide (SiC) epitaxial wafers with a diameter of six inches (150mm) for use in power devices from 400 units a month to 1,100 units a month. As a result, SDK increased its total capacity to produce SiC epitaxial wafers in terms of four-inch (100mm) wafers from 1,500 units a month to 2,500 units a month, an increase of about 60% from the previous level. SDK will also start shipping of a new grade of SiC epitaxial wafers with fewer defects and higher uniformity in this October. When compared with the mainstream silicon-based semiconductors, SiC power devices using SiC epitaxial wafers can operate under relatively high-temperature, high-voltage and heavy-current conditions, while substantially reducing energy loss. With these features, SiC power devices are watched as next-generation power devices that enable the production of smaller, lighter, and more efficient power control modules. Inverters based on SiC power devices are already used in such applications as power sources for servers in data centers, decentralized power generation systems utilizing new energy sources, and subway railcars. Moreover, some car manufacturers and their suppliers recently announced to use SiC-power-device-based inverters in electric vehicles and hybrid cars. Thus, SiC power devices are expected to be in rising demand. SDK has so far been producing and selling three-inch (76.2mm), four-inch and six-inch SiC epitaxial wafers. In order to increase the supply of six-inch wafers, which can help increase productivity of power device manufacturers, SDK introduced additional chemical vapor deposition (CVD) equipment which can be applied to the production of all sizes of SiC epitaxial wafers in its lineup. This new equipment improves epitaxial-wafer productivity for about 30%, and will help further reduce power-device production costs. SiC-based power control modules for use in automobiles, power generation facilities, power transmission facilities and high-speed trains are requested to have heavier withstanding currents, while SiC-power-control-module market for these devices are expected to grow in the near future. To meet these requests, enlargement of the sizes of SiC chips is necessary. In order to prevent deterioration of yield rates in production of large-sized SiC chips from epitaxial wafers, SDK will start sales of a new grade of SiC epitaxial wafers with fewer surface defects in this October. The new grade products will enable its customers to expect yield rates improvement for more than 10% in production of large SiC chips for the above applications.

Showa Denko Announces Consolidated Earnings Results for Six Months Ended June 30, 2014; Revises Earnings Guidance for the Full Year Ending December 31, 2014; Provides End of Term Dividend Guidance for the Year 2014

Showa Denko announced consolidated earnings results for the six months ended June 30, 2014. For the period, the company reported net sales of JPY 413,606 million, operating income of JPY 10,542 million, ordinary income of JPY 7,210 million and net loss of JPY 3,433 million or JPY 2.29 per share compared to net sales of JPY 401,409 million, operating income of JPY 6,723 million, ordinary income of JPY 5,387 million and net income of JPY 2,158 million or JPY 2.29 per share a year ago. Net sales increased due mainly to higher-than-expected sales in the Petrochemicals segment, in which selling prices increased following the rise in naphtha prices. Operating income increased from the earlier forecast due to the improvement in the HD media business (Electronics segment) and steady demand for olefins (Petrochemicals segment), notwithstanding less-than-expected operating income in the Chemicals and Aluminum segments due mainly to the influence of higher raw material costs. Ordinary income increased, reflecting higher operating income. However, the net income figure fell below the earlier forecast, reflecting the recording of loss on valuation of investment securities and the increase in tax expenses. Income before income taxes and minority interests was JPY 2,524 million compared to JPY 4,099 million a year ago. Net cash from operating activities was JPY 11,298 million, compared to JPY 17,076 million for the last year. Purchase of property, plant and equipment was JPY 26,365 million, compared to JPY 22,523 million for the last year. Free cash flow was negative JPY 19.3 billion, with a decrease of JPY 9 billion year-on-year. Capex increased JPY 5.1 billion, due to the shutdown maintenance of every 4 years in Petrochemicals. The company revised earnings forecast for the full year ending December 31, 2014. The company now expects net sales of JPY 895,000 million, operating income of JPY 32,000 million, ordinary income of JPY 26,000 million, net income of JPY 7,000 million or JPY 4.68 per share compared to net sales of JPY 890,000 million, operating income of JPY 32,000 million, ordinary income of JPY 25,000 million, net income of JPY 12,000 million or JPY 8.02 per share previously estimated. As for the full-year performance forecast, net sales will increase slightly due mainly to higher sales in the Petrochemicals segment recorded in the first half of the year. Although operating income in the first half was actually higher than the earlier forecast, the company will maintain the operating income forecast for full year at the initial level. This is mainly because operating income from the Aluminum segment in the second half of the year is expected to fall below the initial forecast due to the influence of the soaring aluminum metal price. Ordinary income is expected to increase slightly. Nevertheless, in the second half of the year, the company will not be able to fully offset the fall in net income recorded in the first half. As a result, the company has revised downward net income forecast for the full year. Capex is revised up from the initial forecast by JPY 5.7 billion, due to the phasing of capacity expansion booking. It includes expenses of facilities for a aluminum laminated film and high purity aluminum foil for capacitors. Depreciation will be slightly down from the initial forecast, JPY 40.4 billion. The company expects end of term dividend per share of JPY 3.00, compared to JPY 3.00 for the last year.

Showa Denko k.k., Q2 2014 Earnings Call, Aug 01, 2014

Showa Denko k.k., Q2 2014 Earnings Call, Aug 01, 2014

Showa Denko k.k. Presents at Credit Suisse Asia Chemical Conference, Sep-02-2014

Showa Denko k.k. Presents at Credit Suisse Asia Chemical Conference, Sep-02-2014 . Venue: Credit Suisse Office, Hong Kong.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
SHWDF:US $1.25 USD 0.00

SHWDF Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Arkema SA €48.89 EUR +0.83
Daicel Corp ¥1,110 JPY -22.00
Fujikura Ltd ¥445.00 JPY -11.00
Furukawa Electric Co Ltd ¥181.00 JPY -5.00
Nexans SA €24.55 EUR +0.385
View Industry Companies
 

Industry Analysis

SHWDF

Industry Average

Valuation SHWDF Industry Range
Price/Earnings 54.7x
Price/Sales 0.2x
Price/Book 0.7x
Price/Cash Flow 54.7x
TEV/Sales NM Not Meaningful
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact SHOWA DENKO K K, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.