Resonac Holdings Corporation Revises Consolidated Earnings Guidance for the Year Ending December 31, 2023
November 09, 2023 at 01:00 am EST
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Resonac Holdings Corporation revised Consolidated earnings guidance for the year ending December 31, 2023. For the year, the company expects net sales to be JPY 1,290,000 million, Operating loss to be JPY 12,000 million, Net loss attributable to owners of the parent of JPY 43,000 million, and Net loss attributable to owners of the parent per share: Basic of JPY 237.40 against previous guidance of net sales of JPY 1,270,000 million, Operating loss of JPY 20,000 million, Net loss attributable to owners of the parent of JPY 37,000 million, and Net loss attributable to owners of the parent per share: Basic of JPY 204.27.
Resonac Holding Corporation (formerly Showa Denko KK) is a holding company organized around 7 family of products:
- materials (43.8% of net sales): electronics materials (epoxy molding compounds, die bonding materials, CMP slurries, anisotropic conductive films), printed wiring board materials (copper-clad laminates, photosensitive dry films), mobility components (plastic molded products, friction materials, powder metal products, carbon anode materials for LIBs), energy storage devices and systems (automotive and industrial batteries), and life sciences (diagnostics, contracted manufacturing of regenerative medicine products);
- petrochemical products (19.6%): olefins (polyethylene, polypropylene) and organic chemical products (vinyl acetate monomer, ethyl acetate and plastics);
- chemical products (12.9%): caustic soda, chlorine, liquid ammonia, amino acids, polymers, gas (oxygen, nitrogen, hydrogen), etc.;
- electronic components (8.3%): hard disks, semiconductors components, magnetic components, etc.;
- inorganic products (7.1%): ceramics and carbons (graphite electrodes);
- aluminum products (5.3%): aluminum foils, extruded products, forged products, cans, etc.;
- other (3%).
Net sales break down geographically as follows: Japan (53.4%), China (12%), Asia (20.6%) and other (14%).
RESONAC HOLDING CORPORATION 
