Showa Denko

SDK Announces 2020 Consolidated Financial Results

Wednesday, February 17, 2021 - 7:00am

TOKYO, Feb 17, 2021 - (JCN Newswire) - Showa Denko (SDK; TSE:4004) today announced its 2020 Consolidated Financial Results.

Key Points: 
  • TOKYO, Feb 17, 2021 - (JCN Newswire) - Showa Denko (SDK; TSE:4004) today announced its 2020 Consolidated Financial Results.
  • (SDK; TSE: 4004, ADR: SHWDY) is a major manufacturer of chemical products serving heavy industry to computers and electronics.
  • Our Petrochemicals segment provides cracker products such as ethylene and propylene; Chemicals provides high-performance gases and chemicals to semicon and other industries; Inorganics provides ceramic products: alumina, abrasives, refractory/graphite electrodes and fine carbons.
  • Aluminum provides aluminum materials and high-value-added fabricated aluminum; Electronics provides HD media, compound semiconductors such as ultra high-bright LEDs and rare earth magnetic alloys; Advanced Battery Materials (ABM) provides lithium-ion battery components.

Showa Denko Invests in AMI Automation

Monday, February 8, 2021 - 2:00am

TOKYO, Feb 8, 2021 - (ACN Newswire) - Showa Denko (SDK; TOKYO:4004) has acquired 50% ownership in AMI Automation, headquartered in Monterrey, Mexico, effective on 5th February 2021.

Key Points: 
  • TOKYO, Feb 8, 2021 - (ACN Newswire) - Showa Denko (SDK; TOKYO:4004) has acquired 50% ownership in AMI Automation, headquartered in Monterrey, Mexico, effective on 5th February 2021.
  • AMI Automation provides fully integrated automation and control solutions to a wide range of industries.
  • Showa Denko has an option to acquire the remaining 50% of AMI within 5 years.
  • AMI Automation is a premier international automation and control solutions company providing innovative products and solutions for the automation of industrial processes.

Funds Managed by Affiliates of Apollo Global Management to Acquire Showa Denko’s Aluminum Can and Aluminum Rolling Businesses

Thursday, January 28, 2021 - 12:00pm

TOKYO and HONG KONG and NEW YORK, Jan. 28, 2021 (GLOBE NEWSWIRE) -- Funds managed by affiliates of Apollo Global Management, Inc. (together with its consolidated subsidiaries, Apollo or the Firm) (NYSE: APO), a leading global alternative investment manager, today announced that they have entered into a definitive agreement to acquire the Aluminum Can and Aluminum Rolling Businesses (the Business) from Showa Denko K.K.

Key Points: 
  • TOKYO and HONG KONG and NEW YORK, Jan. 28, 2021 (GLOBE NEWSWIRE) -- Funds managed by affiliates of Apollo Global Management, Inc. (together with its consolidated subsidiaries, Apollo or the Firm) (NYSE: APO), a leading global alternative investment manager, today announced that they have entered into a definitive agreement to acquire the Aluminum Can and Aluminum Rolling Businesses (the Business) from Showa Denko K.K.
  • (Showa Denko), a Japanese leading producer of functional chemicals and industrial materials.
  • The deal marks the first Private Equity investment in Japan for Apollo after the Firm opened its dedicated office there last year to facilitate more investment in the region.
  • Bank of America acted as financial advisor and Paul, Weiss, Rifkind, Wharton & Garrison LLP alongside Anderson Mori & Tomotsune as legal advisors to Apollo Funds.

Showa Denko K.K. Announces Execution of Master Agreement regarding Series of Transactions

Thursday, January 28, 2021 - 8:00am

Following the completion of the series of transactions under the Master Agreement, Showa Aluminum Can is expected to no longer be consolidated subsidiary of the Company, and be succeeded by Apollo as an independent company.

Key Points: 
  • Following the completion of the series of transactions under the Master Agreement, Showa Aluminum Can is expected to no longer be consolidated subsidiary of the Company, and be succeeded by Apollo as an independent company.
  • The Company shall be the splitting company, and Showa Aluminum Can and Showa Denko Sakai Aluminum shall be the respective succeeding companies of the split.
  • It has been determined that there will be no issues in the prospect of the payment of debts of Showa Aluminum Can and Showa Denko Sakai Aluminum after the Company Split.
  • In regard to (10) to (17), the financial results of Showa Denko Corp. and Showa Aluminum Can are for
    the fiscal year ending December 2019.

SDK to increase capacity of aluminum substrate for hard disks

Thursday, January 14, 2021 - 6:00am

(SDK; TOKYO:4004) will increase its capacity to produce aluminum substrate for HD media through consolidated subsidiary Showa Denko HD Yamagata K.K.

Key Points: 
  • (SDK; TOKYO:4004) will increase its capacity to produce aluminum substrate for HD media through consolidated subsidiary Showa Denko HD Yamagata K.K.
  • (SHDY), raising the group's production capacity by 30% and thereby strengthening its hard disk (HD) business.
  • In order to solve this problem, we have decided to expand our aluminum substrate production capacity at SHDY, our domestic base, in order to increase our supply capacity and to further diversify and strengthen our supply chain.
  • Aluminum provides aluminum materials and high-value-added fabricated aluminum; Electronics provides HD media, compound semiconductors such as ultra high-bright LEDs and rare earth magnetic alloys; Advanced Battery Materials (ABM) provides lithium-ion battery components.

New Year Message from Kohei Morikawa, Showa Denko President and CEO

Monday, January 4, 2021 - 5:00am

TOKYO, Jan 4, 2021 - (JCN Newswire) - Kohei Morikawa, President and CEO of Showa Denko ("SDK"; TSE:4004) announced the following New Year message.

Key Points: 
  • TOKYO, Jan 4, 2021 - (JCN Newswire) - Kohei Morikawa, President and CEO of Showa Denko ("SDK"; TSE:4004) announced the following New Year message.
  • In April 2020, Showa Denko received Showa Denko Materials Co., Ltd. (former Hitachi Chemical Company Ltd.) into the Showa Denko Group, and, since then, the two companies have been discussing the way to establish the basis of growth toward the future.
  • 2021 is also a year of drastic changes including the substantive integration of Showa Denko and Showa Denko Materials in July, head office integration in October, and announcement of new medium-term business plan in December.
  • Through acquisition of the new member, Showa Denko Materials, the Showa Denko Group have reached a stage from which we can aim to reach higher level.

Showa Denko Revises Dividend Payment Forecast

Friday, December 25, 2020 - 5:00am

TOKYO, Dec 25, 2020 - (JCN Newswire) - Showa Denko (SDK; TSE:4004) announces that it revises its forecast of year-end dividend payment as in below, taking the latest trend in its business performance into consideration.

Key Points: 
  • TOKYO, Dec 25, 2020 - (JCN Newswire) - Showa Denko (SDK; TSE:4004) announces that it revises its forecast of year-end dividend payment as in below, taking the latest trend in its business performance into consideration.
  • Based on its comprehensive consideration to the importance of the maintenance of shareholder return, including stable payment of dividend, and its latest forecast of the performance for 2020, SDK revises its forecast of year-end dividend payment per share as in below.
  • Earlier forecast (Announced on August 12, 2020) : - / Undecided / Undecided
    Revised forecast (Announced on December 25, 2020) : - / 65.00 / 65.00
    Showa Denko K.K.
  • Showa Denko K.K., CSR & Corporate Communication Office, Tel: 81-3-5470-3235

SDK Formulates 'Long-term Vision (2021-2030) for Newly Integrated Company'

Thursday, December 10, 2020 - 6:00am

(SDK; TSE:4004) has formulated its future "Long-term Vision (2021-2030) for Newly Integrated Company" (Long-term Vision) following integration with Showa Denko Materials Co., Ltd. (Showa Denko Materials).

Key Points: 
  • (SDK; TSE:4004) has formulated its future "Long-term Vision (2021-2030) for Newly Integrated Company" (Long-term Vision) following integration with Showa Denko Materials Co., Ltd. (Showa Denko Materials).
  • In terms of purpose, the Newly Integrated Company will seek to "change society through the power of chemistry."
  • The Group will pursue business development with a good understanding of differences in market stages and our position in each business.
  • (SDK; TSE:4004, ADR:SHWDY) is a major manufacturer of chemical products serving from heavy industry to computers and electronics.

Showa Denko Subsidiary Establishes Branch in Xi'an, China to Distribute High-purity Gases for Electronics

Wednesday, December 9, 2020 - 2:30am

TOKYO, Dec 9, 2020 - (JCN Newswire) - Shanghai Showa Chemicals Co., Ltd. (SSC), a Chinese subsidiary of Showa Denko K.K.

Key Points: 
  • TOKYO, Dec 9, 2020 - (JCN Newswire) - Shanghai Showa Chemicals Co., Ltd. (SSC), a Chinese subsidiary of Showa Denko K.K.
  • (SDK; TSE:4004), established a branch in Xi'an, Shaanxi Province, China, and started operation of the branch in December 2020, aiming to strengthen its business to sell and distribute high-purity gases for electronics in China.
  • The new branch is SSC's third business base in China to sell and distribute high-purity gases for electronics, following those in Shanghai and Wuhan.
  • And we will expand our business to produce and sell high-purity gases for electronics by responding positively to the lasting vigorous demand for high-purity gases.

Showa Denko Announces Changes in Corporate Management

Monday, November 30, 2020 - 7:00am

TOKYO, Nov 30, 2020 - (JCN Newswire) - Showa Denko (SDK; TSE:4004) decided at its Board of Directors meeting today on changes in corporate management (directors, corporate officers and councilors).

Key Points: 
  • TOKYO, Nov 30, 2020 - (JCN Newswire) - Showa Denko (SDK; TSE:4004) decided at its Board of Directors meeting today on changes in corporate management (directors, corporate officers and councilors).
  • Hisashi Maruyama (President and CEO, Showa Denko Materials Co., Ltd.) will be elected Director of SDK at the General Meeting of Shareholders in late March 2021.
  • Meanwhile, Katsuyuki Tsuji (Associate Councilor; General Manager, Advanced Battery Materials Division; President, Showa Denko Packaging Co., Ltd.) will be newly appointed Corporate Officer on January 4.
  • Showa Denko K.K., CSR & Corporate Communication Office, Tel: 81-3-5470-3235
    Copyright 2020 JCN Newswire .