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    4004   JP3368000000

SHOWA DENKO K.K.

(4004)
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Showa Denko K K : About a Media Report Concerning Showa Denko

07/07/2021 | 09:54pm EDT

TOKYO, Jul 8, 2021 - (JCN Newswire) - - With regard to the media coverage made by Nihon Keizai Shimbun (NIKKEI: The Japan Economic Journal) published on July 8, 2021 reporting that Showa Denko (SDK; TSE:4004) will sell off the lead-acid battery business operated by Showa Denko Materials Co., Ltd., which is a member company of the Showa Denko Group, SDK has never released such news, and the coverage is not based on information disclosed by SDK.

SDK has been investigating various measures to increase its corporate value, including review of the Showa Denko Group's business portfolio. Regarding this issue, SDK will suggest a draft resolution to the meeting of the Board of Directors which is to be convened today, and will disclose results of the meeting without delay if any decision regarding this issue is made officially.

About Showa Denko K.K.

Showa Denko K.K. (SDK; TSE:4004, ADR:SHWDY) is a major manufacturer of chemical products serving from heavy industry to computers and electronics. 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, the Inorganics Sector provides ceramic products, such as alumina, abrasives, refractory/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/.

Media contact:

Showa Denko K.K., CSR & Corporate Communication Office, Tel: +81-3-5470-3235

Copyright 2021 JCN Newswire . All rights reserved.

© Japan Corporate News, source JCN Press Releases

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Financials
Sales 2021 1 410 B 12 732 M 12 732 M
Net income 2021 -4 823 M -43,5 M -43,5 M
Net Debt 2021 815 B 7 361 M 7 361 M
P/E ratio 2021 -89,2x
Yield 2021 2,37%
Capitalization 490 B 4 426 M 4 424 M
EV / Sales 2021 0,93x
EV / Sales 2022 0,78x
Nbr of Employees 33 684
Free-Float 95,5%
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Mean consensus BUY
Number of Analysts 8
Last Close Price 2 744,00 JPY
Average target price 3 731,43 JPY
Spread / Average Target 36,0%
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Managers and Directors
Kohei Morikawa President, CEO & Representative Director
Motohiro Takeuchi CFO, Representative Director & Head-Accounting
Hideo Ichikawa Chairman
Hiroshi Sakai Director & Chief Technology Officer
Masaharu Oshima Independent Outside Director
Sector and Competitors