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TOKYO, Aug 3, 2022 – (ACN Newswire) – Showa Denko (SDK) (TOKYO: 4004) announces that, taking the Company’s recent performance into account, it revises its forecast of consolidated business results for the first half of the year ending on December 31, 2022 and that for the full year ending on December 31, 2022, both of which were announced on February 13, 2022.
1. Revision of forecast of consolidated business results for January 1 – June 30, 2022
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2. Revision of forecast of consolidated business results for January 1 – December 31, 2022
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Reasons for the revision
In the first half of 2022, Semiconductor and Electronic Materials segment showed good performance. Net sales in that period are expected to be in slight excess of the previous forecast, which was announced on February 14, 2022, due partly to a weak yen and a rise in prices of products, despite a decrease in sales volumes. Operating income is expected to exceed the previous forecast by about 7.7 billion yen due partly to a weak yen and a rise in prices of products, despite a rise in prices of raw materials, a rise in the cost of energy including electricity rates, and a rise in the cost of transportation. Ordinary income …
Full story available on Benzinga.com
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