Showa Denko K K : SDK Decides to Choose and Apply to be Listed into TSE Prime Market
December 27, 2021 at 01:07 am EST
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NEWS RELEASE
SHOWA DENKO K.K.
13-9, Shiba Daimon 1-chome
Minato-ku Tokyo 105-8518
December 27, 2021
SDK Decides to Choose and Apply to be Listed into TSE Prime Market
Showa Denko (SDK) (TOKYO: 4004) announces that it was resolved at the Board of Directors meeting held today that the Company will choose to be listed into the Prime Market, which will be created by the Tokyo Stock Exchange Inc. (TSE) as a new market segment on April 4, 2022, and submit application for admission into the Prime Market.
On July 9, 2021, SDK received the result of the first-stage judgement on the Company's eligibility for the Prime Market from TSE, and we confirmed that the Company has cleared criteria for maintaining its listing on the Prime Market, which is to be created by TSE as a result of restructuring of its current stock market into three new market segments. Following this confirmation, the Board of Directors meeting resolved today to choose the Prime Market for listing, and submit application for admission into the Prime Market.
SDK will follow the schedule set by TSE, and go through prescribed procedures for the application for admission into the Prime Market.
For more information, contact:
CSR & Corporate Communication Office (Phone: 81-3-5470-3235)
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Showa Denko KK published this content on 27 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 December 2021 06:06:15 UTC.
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%).