Showa Denko K.K. Revised Consolidated Earnings Guidance for the Full Year Ending December 31, 2014; Revised Consolidated Earnings Guidance for the Full Year of 2015
Dec 12 14
Showa Denko k.k. revised consolidated earnings guidance for the full year ending December 31, 2014. For the year, the company expects net sales of JPY 885,000 million, operating income of JPY 25,000 million, Ordinary income of JPY 24,000 million and net income of JPY 5,000 million or JPY 3.40 per share compared to previous guidance for the net sales of JPY 895,000 million, operating income of JPY 32,000 million, Ordinary income of JPY 26,000 million and net income of JPY 7,000 million or JPY 4.68 per share. Net sales will decrease due mainly to lower selling prices of ethylene and other petrochemical products, reflecting the sharp decline in naphtha prices caused by the sudden drop in crude oil prices. Operating income in the Petrochemicals segment will decrease significantly. This is due to the sharp decline in olefin prices on the international market, resulting from the more-than-expected decline in naphtha prices, and the use of high-priced stock of naphtha for production. Operating income in the Aluminum segment will also decrease due to the rise in procurement costs of aluminum ingot. Ordinary income and net income will decrease due mainly to the decline in operating income.
The company revised consolidated earnings guidance for the full year of 2015. For the year, the company expects consolidated net sales of JPY 960.0 billion, operating income of JPY 40.0 billion and net income of JPY 15.0 billion and ROA of 4.0% compared to previous guidance for the net sales of JPY 950.0 billion, operating income of JPY 50.0 billion and net income of JPY 25.0 billion and ROA of 5.0%.
Showa Denko k.k. Announces Executive Changes
Dec 1 14
Showa Denko k.k. at its board meeting held on December 1, 2014, approved the changes in corporate management. Kyohei Takahashi, currently Representative Director and Chairman of the Board of Directors, will become Director and Chairman of the Board of Directors in late March 2015. Meanwhile, Masaharu Oshima, Professor Emeritus, the University of Tokyo, will be newly elected Director (outside director) of SDK at the shareholders meeting in late March 2015. Yoshiharu Mizuno will resign as Corporate Officer in charge of complex and plants (Oita Complex, and Kawasaki, Higashinagahara, Tokuyama, Isesaki, Tatsuno, Yokohama, Shiojiri, Chichibu, Omachi, Oyama, and Kitakata plants) on January 4, 2015, and become Assistant to President on January 5. He will be appointed Standing Statutory Auditor of Showa Denko Gas Products Co. Ltd. in late March, 2015. Tetsuo Nakajyo will resign as Corporate Officer, General Manager, Business Development Center on January 4, 2015, and become Technical Advisor, Corporate R&D Department on January 5, 2015. Three new corporate officers will be appointed on January 5, 2015. They are Takayuki Sato (General Manager, Corporate R&D Department), Motohiro Takeuchi (General Manager, Ceramics Division), and Taichi Nagai (Plant Manager, Kawasaki Plant). Meanwhile, Sato will be moved to General Manager, Business Development Center on January 5, 2015. Takashi Nakayama, Senior Corporate Fellow, Assistant to President (in charge of new business creation relating to chemicals) will be concurrently appointed to President, Nippon Polytech Corporation on January 5, 2015. Hiroshi Sakai (Corporate Fellow, General Manager, Technology Development Control Department, HD Division) will be promoted to Senior Corporate Fellow on January 5, 2015. Five new corporate fellows will be appointed on January 5, 2015. They are Yoshikazu Sakamoto (Director, Showa Denko Packaging Co. Ltd.), Kenzo Hanawa (General Manager, Hanawa Research Laboratory, Institute for Advanced and Core Technology, Business Development Center), Masaharu Tochigi (General Manager, Oyama Plant), Hitoshi Iwade (Temporary transferred to Showa Denko HD Yamagata K.K., serving as Managing Director), and Toru Kuroe (General Manager, Production & Technology Control Department, HD Division). Sakamoto will resign as Director of Showa Denko Packaging Co. Ltd. and become General Manager, Aluminum Rolled Products Division, and Iwade will come back from temporary transfer and become General Manager, CSR Department, both on January 5, 2015. Furthermore, there will be the following changes in responsibilities of corporate officers effective January 5, 2015: Shinji Sakai (Executive Vice President) will take charge of some plants (Yokohama, Shiojiri, and Omachi plants) in addition to Ceramics Division, Carbons Division, Corporate R&D Department, and Corporate Strategy Department. Akira Koinuma (Managing Corporate Officer) will be promoted to Senior Managing Corporate Officer. Masaru Amano, Saburo Muto, and Jiro Ishikawa (Corporate Officers) will be promoted to Managing Corporate Officers. Yoshiyuki Nishimura (Corporate Officer in charge of Electronic Chemicals Division, Functional Chemicals Division, Electronics Materials Division, and Advanced Battery Materials Department) will become Corporate Officer in charge of Electronics Materials Division, Advanced Battery Materials Department, and Chichibu Plant. Keiichi Kamiguchi (Corporate Officer, General Manager, Corporate Strategy Department) will become Corporate Officer in charge of Industrial Gases Division, Basic Chemicals Division, Kawasaki Plant, and Higashinagahara Plant. Kanji Takasaki (Corporate Officer in charge of Aluminum Rolled Products Division, Aluminum Specialty Components Division, and Aluminum Can Division) will additionally take charge of Oyama Plant and Kitakata Plant. Tatsuharu Arai (Corporate officer, General Manager, Petrochemical Division and Olefins Department) will additionally take charge of Oita Complex. Jun Tanaka (Corporate Officer, General Manager, Advanced Battery Materials Department, and President, Showa Denko Packaging Co. Ltd.) will resign as President, Showa Denko Packaging Co. Ltd. Kohei Morikawa (Corporate Officer, General Manager, Electronic Chemicals Division) will additionally take charge of Functional Chemicals Division, Tokuyama Plant, Isesaki Plant, and Tatsuno Plant.
Showa Denkohas Launches Antimicrobial Heat Insulation Panels for Plant Factories
Nov 12 14
Showa Denkohas developed heat insulation panels coated with LUMI-RESHTM, a photocatalyst with antibacterial and antiviral functions, for use in plant factories, and will put them on the market soon. LUMI-RESHTM is a high-performance visible-light-sensitive photocatalyst developed at Toyama Plant (Toyama City, Toyama Prefecture) of Showa Denko Ceramics Co. Ltd., which is a consolidated subsidiary of SDK. LUMI-RESHTM photochemically catalyzes water vapor and oxygen in the air, and generates active oxygen, which inactivates bacteria and viruses adhering to surfaces of substances containing the photocatalyst. While conventional photocatalysts are activated by ultraviolet rays included in sunlight, LUMI-RESHTM can be activated even by visible low-energy light emitted by indoor lighting apparatus including fluorescent lights and LEDs. LUMI-RESHTM has already been field-tested in many public facilities including airports and hospitals. Moreover, some manufacturers have already decided that they will soon commercially apply LUMI-RESHTM to indoor-use membrane building materials and curtains. This time, Nippon Soda Co. Ltd. has successfully developed a paint containing LUMI-RESHTM. This paint makes LUMI-RESHTM applicable to the surfaces of metallic materials including heat insulation panels. At completely airtight plant factories, the ceilings and the walls are covered with heat insulation panels in order to prevent invasions of bacteria and harmful insects. Application of LUMI-RESHTM to the surfaces of these heat insulation panels will further reduce bacteria and viruses in the air, and prolong the freshness of vegetables. At the “Agro-Innovation Japan 2014,” which is a professional exhibition held at Tokyo Big Sight from November 12 through 14, SDK exhibits this antimicrobial heat insulation panel, as well as the company's proprietary high-speed plant growth technology “SHIGYOTM Method,” LED lighting equipment, and aluminum racks for plant cultivation, as components of the integrated plant factory systems SDK promotes.