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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Showa Denko K.K.    4004   JP3368000000

SHOWA DENKO K.K.

(4004)
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Showa Denko K K : SDK Group Decides to Install Equipment to Mass-produce SPALF™ Packaging Material for Large Onboard LIBs

03/18/2020 | 04:25am EST

Showa Denko Packaging Co., Ltd. (SPA), a consolidated subsidiary of Showa Denko K.K. (SDK) (TOKYO: 4004), has developed a new product to be added to the lineup of SPALFTM aluminum laminate film which is used as packaging material for pouch-type lithium-ion batteries (LIBs), and decided to install equipment to mass-produce the new product. This new product is specialized for large-sized LIBs, which are mainly used for cars. Operation of the new production equipment is scheduled to be started in March, 2021.

SPALFTM is laminated composite film consisting of resin films and aluminum foil, and is mainly used as packaging material for pouch-type LIBs. SPALFTM has a large market share in the world due to its excellent insulation performance and superb plasticity. Pouch-type LIBs have outstanding flexibility in shaping. Therefore, they are used in many kinds of small devices including smartphones and tablets. Moreover, in recent years, pouch-type LIBs have begun to be widely used in large-sized equipment including EVs because pouch-type LIBs' high quality has been widely recognized and there has been considerable progress in verification of pouch-type LIBs' safety. Since development of EVs is in progress not only in China but also in Europe and the demand for pouch-type LIBs has been increasing, this time the Showa Denko Group has developed a new type of SPALFTM for large-sized LIBs and decided to install equipment to mass-produce the new product.

The Showa Denko Group's Vision is to make itself a "KOSEIHA Company" (a group of KOSEIHA Businesses that can maintain profitability and stability at high levels over a long period). The global demand for LIBs (in electrical capacitance) is expected to increase 30% a year until 2025*. The Showa Denko Group produces and sells various LIB materials with distinguishing advantages, such as SPALFTM, VGCFTM additives for anode/cathode materials, and POLYSOLTM aqueous binding resin. By increasing sales of these LIB materials, the Group will aim to contribute to the growth of LIB market and improvement in functions of LIBs, and make the Group's LIB materials business grow to be established as a KOSEIHA Business in the field of advanced battery materials.

*SDK's estimate

Media contact:
Public Relations Office (Phone: 81-3-5470-3235)

Disclaimer

Showa Denko KK published this content on 18 March 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 March 2020 09:21:10 UTC


© Publicnow 2020
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Financials
Sales 2020 969 B 9 290 M 9 290 M
Net income 2020 -89 151 M -855 M -855 M
Net Debt 2020 863 B 8 269 M 8 269 M
P/E ratio 2020 -3,27x
Yield 2020 0,75%
Capitalization 291 B 2 792 M 2 794 M
EV / Sales 2020 1,19x
EV / Sales 2021 0,79x
Nbr of Employees 33 668
Free-Float 94,6%
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Average target price 2 715,71 JPY
Last Close Price 1 998,00 JPY
Spread / Highest target 105%
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Kohei Morikawa President, CEO & Representative Director
Hideo Ichikawa Chairman
Motohiro Takeuchi CFO, Representative Director & Head-Accounting
Hiroshi Sakai Director & Chief Technology Officer
Masaharu Oshima Independent Outside Director
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