29 4 月, 2022

DENSO Announces Financial Results

KARIYA, JAPAN, Apr 29, 2022 - (JCN Newswire via SEAPRWire.com) - DENSO, a leading mobility supplier, today announced its global financial results for its fiscal year, ending March 31, 2022:- Consolidated revenue totaled 5,515.5 billion yen (US$45.1 billion), a 11.7 percent increase from the previous year.- Consolidated operating profit totaled 341.2 billion yen (US$2.8 billion), a 120.0 percent increase from the previous year.- Consolidated profit attributable to owners of the parent company totaled 263.9 billion yen (US$2.2 billion), a 111.0 percent increase from the previous year."Both revenue and operating profit increased compared to the previous year due to recovery of vehicle sales from COVID-19 and profit improvements, though semiconductor shortages and other challenging business conditions occurred," said Yasushi Matsui, senior executive officer and member of the Board of Directors of DENSO Corporation. "We forecast for the next fiscal year 6,350.0 billion yen (US$51.9 billion) in revenue and 560.0 billion yen (US$4.6 billion) in operating income. While it is difficult to project how the business environment might change, we will expand ADAS and Electrification product sales, make gains through profit improvements and enhance our management foundation, strengthening our ability to cope with market changes."In Japan, revenue increased to 3,515.1 billion yen (US$28.7 billion), up 10.6% from the previous year, and operating profit was 188.9 billion yen (US$1.5 billion), up 735.6% from the previous year.In North America, revenue increased to 1160.2 billion yen (US$9.5 billion), up 13.1% from the previous year, and operating profit was 4.3 billion yen (US$34.8 million), decreased 70.9% from the previous year.In Europe, revenue increased to 561.4 billion yen (US$4.6 billion), up 8.0% from the previous year, and operating loss was 3.4 billion yen (US$27.4 million).In Asia, revenue increased to 1,637.9 billion yen (US$13.4 billion), up 25.6% from the previous year, and operating profit increased to 143.8 billion yen (US$1.2 billion), up 29.1% from the previous year.In other areas, revenue increased to 76.6 billion yen (US$0.6 billion), up 89.6% from the previous year, and operating profit increased to 15.5 billion yen (US$126.4 million), up 121.1% from the previous year. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)

11 3 月, 2022

SDK Corrects Segment Information in 2021 Consolidated Financial Statements

TOKYO, Mar 11, 2022 - (JCN Newswire via SEAPRWire.com) - Showa Denko (SDK) (TOKYO: 4004) announces that it has corrected an error in the cash flows information of its Consolidated Financial Statements for the year ended December 31, 2021.1. Reason for correction We found an error in the description about cash flows in 2021, which is on page 9 of the Consolidated Financial Statements for the year ended December 31, 2021.2. Correction details The number subject to this correction is the one underlined below. (Before correction)(2) Cash flows in 2021Net cash provided by operating activities increased 5,997 million yen from the previous year, to the proceeds of 115,283 million yen, due partly to an increase in profit before income taxes. Net cash used in investing activities decreased 958,653 million yen, to the proceeds of 28,606 million yen, due partly to the proceeds of 83,915 million yen resulting from the transfer of businesses, despite the effect of expenditure of 892,030 million yen in the previous year resulting from acquisition of shares in a subsidiary accompanying an expansion of the bounds of consolidation. (After correction)(2) Cash flows in 2021Net cash provided by operating activities increased 5,997 million yen from the previous year, to the proceeds of 115,283 million yen, due partly to an increase in profit before income taxes. Net cash used in investing activities decreased 958,653 million yen, to the proceeds of 28,606 million yen, due partly to the proceeds of 83,915 million yen resulting from the transfer of businesses, despite the effect of expenditure of 890,230 million yen in the previous year resulting from acquisition of shares in a subsidiary accompanying an expansion of the bounds of consolidation. Press release: www.sdk.co.jp/assets/files/english/news/2022/20220311_sdknewsrelease_e.pdfAbout 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/.For further information, contact:Showa Denko K.K., IR Office, Finance & Accounting Department, Tel: 81-3-5470-3323 Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)

2 2 月, 2022

DENSO Announces Third Quarter Financial Results

KARIYA, JAPAN, Feb 2, 2022 - (JCN Newswire via SEAPRWire.com) - DENSO, a leading mobility supplier, today announced its global financial results for its third quarter, ending December 31, 2021, for its 2022 fiscal year, ending March 31, 2022:- Consolidated revenue totaled 4,009.0 billion yen (USD34.9 billion), a 14.3 percent increase from the previous year.- Consolidated operating profit totaled 256.3 billion yen (USD2,229.4 million), a 284.6 percent increase from the previous year.- Consolidated profit attributable to owners of the parent company totaled 193.4 billion yen (USD1,682.2 million), a 348.9 percent increase from the previous year. "Both revenue and operating profit in the third quarter decreased from the same period last year due to semiconductor shortages and other business conditions, although DENSO made profit improvements. However, revenue and operating profit through three quarters of this fiscal year increased compared to the previous year due to recovery of vehicle sales from COVID-19 and profit improvements," said Yasushi Matsui, senior executive officer and member of the Board of Directors of DENSO Corporation. "We have revised our full-year forecast based on third quarter results, adjusting our revenue projection to 5,480.0 billion yen (USD47.7 billion) and operating profit projection to 400.0 billion yen (USD3,479.8 million)," said Matsui. "While it is difficult to project how the business environment might change due to factors like semiconductor shortages, we keep our fourth quarter forecast unchanged and aim to achieve these projections with strong fourth quarter performance."In Japan, revenue increased to 2,590.1 billion yen (USD22.5 billion), up 15.1% from the previous year, and operating profit was 144.1 billion yen (USD1,253.8 million), with an operating loss of 12.0 billion yen in the previous year.In North America, revenue increased to 842.6 billion yen (USD7.3 billion), up 15.4% from the previous year, and operating loss was 1.9 billion yen (USD16.6 million).In Europe, revenue increased to 407.4 billion yen (USD3.5 billion), up 13.3% from the previous year, and operating profit was 3.3 billion yen (USD29.1 million), up 22.7% from the previous year.In Asia, revenue increased to 1,180.6 billion yen (USD10.3 billion), up 26.6% from the previous year, and operating profit increased to 105.0 billion yen (USD913.6 million), up 46.3% from the previous year.In other areas, revenue increased to 53.8 billion yen (USD468.4 million), up 101.9% from the previous year, and operating profit increased to 11.7 billion yen (USD101.4 million), up 145.2% from the previous year.About DENSO CorporationDENSO is a $44.6 billion global mobility supplier that develops advanced technology and components for nearly every vehicle make and model on the road today. With manufacturing at its core, DENSO invests in its 200 facilities to produce thermal, powertrain, mobility, electrification, & electronic systems, to create jobs that directly change how the world moves. The company's 168,000+ employees are paving the way to a mobility future that improves lives, eliminates traffic accidents, and preserves the environment. Globally headquartered in Kariya, Japan, DENSO spent 10.0 percent of its global consolidated sales on research and development in the fiscal year ending March 31, 2021. For more information about global DENSO, visit https://www.denso.com/global. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)

1 2 月, 2022

Lexus Announces 2021 Global Sales Results

Toyota City, Japan, Feb 1, 2022 - (JCN Newswire via SEAPRWire.com) - Lexus announced today its 2021 global sales results as described below.Global sales for the period of January-December, 2021 were 760,012 units (106% compared to the previous year), showing a recovery trend and surpassing last year's results. On a regional level, North America achieved approximately 332,000 units (112% compared to the previous year), and China achieved a record high of approximately 227,000 units (101% compared to the previous year), driving the recovery of global sales. On a model level, sales of electrified vehicles reached a record high of approximately 260,000 units (110% year-on-year) thanks to the strong sales of ES, RX and UX hybrid models. In addition, with the release of new NX as the first model of the next generation Lexus, and newly introduced PHEV, Lexus accelerating the practical spread of electrification to meet needs for customers and society. Lexus aims to achieve offering a full lineup of BEVs in all segments by 2030, 100% BEV sales in Europe, North America, and China, and 1 million units sold globally as a new challenge of realizing a carbon-neutral society. Furthermore, we also aim to achieve 100% BEVs globally by 2035. Lexus will continue to create vehicles that meet the diverse needs and lifestyles of our customers.January-December, 2021 sales results by major region are as follows:North America approx. 332,000 units (112% compared to prev. year) China approx. 227,000 units (101% compared to prev. year) Europe approx. 72,000 units (102% compared to prev. year) Japan approx. 51,000 units (104% compared to prev. year) Middle East approx. 28,000 units (103% compared to prev. year) East Asia approx. 30,000 units (95% compared to prev. year)Lexus International President / Chief Branding Officer, Koji Sato said, "I would like to express my heartfelt gratitude to each and every one of our Lexus customers around the world. Despite the continuing impact of the spread of the COVID-19 and the tight parts supply chain, we were able to recover sales to a record level in 2021, selling approximately 760,000 units. In 2022, we will continue to refine Lexus' unique design and driving taste that appeals to the sensibilities of our customers, based on our thoughts to 'be the brand that people who know the real thing choose at the end of the day'. We will also accelerate the development of electric vehicles starting with the BEV exclusive model 'RZ' in spring, we will release a series of new models that will accompany the lifestyles of a variety of customers. Please look forward to the future of Lexus." Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)

29 10 月, 2021

DENSO Announces Second Quarter Financial Results

KARIYA, JAPAN, Oct 29, 2021 - (JCN Newswire via SEAPRWire.com) - DENSO, a leading mobility supplier, today announced its global financial results for its second quarter, ending September 30, 2021, for its 2022 fiscal year, ending March 31, 2022:- Consolidated revenue totaled 2,582.9 billion yen (US$23.1 billion), a 24.5 percent increase from the previous year.- Consolidated operating profit totaled159.3 billion yen (US$1,423.5 million).- Consolidated profit attributable to owners of the parent company totaled 112.7 billion yen (US$1,007.2 million)."Both revenue and operating profit increased due to recovery of vehicle sales from COVID-19 and because of profit improvements from the previous year, although the semiconductor shortage has occurred recently," said Yukihiro Shinohara, senior executive officer and representative member of the Board of Directors of DENSO Corporation."While it is difficult to project how the business environment might change due to factors like the lengthening of the semiconductor shortage, DENSO secured our full-year forecast from the previous announcement. Revenue is 5,540.0 billion yen (US$49.5 million) and Operating profit is 440.0 billion yen (US$3,931.4 billion). We have achieved these results by strengthening our ability to cope with environmental changes and increasing profit," said Yukihiro Shinohara, senior executive officer and representative member of the Board of Directors of DENSO Corporation.Revenue and operating income increased in all areas due to recovery in vehicle sales and production, and profit improved despite semiconductor shortages.In Japan, revenue increased to 1690.0 billion yen (US$15.1 billion) (Up 27.6% from the same quarter in the previous year) and operating income was 88.9 billion yen (US$794.5 million) (Operating loss of 93.1 billion yen in the same quarter of the previous year).In North America, revenue increased to 564.7 billion yen (US$5.0 billion) (Up 29.4% from the same quarter in the previous year) and operating income was 2.9 billion yen (US$25.8 million) (Operating loss of 8.5 billion yen in the same quarter of the previous year).In Europe, revenue increased to 269.5 billion yen (US$2.4 billion) (Up 34.6% from the same quarter in the previous year) and operating income was 3.9 billion yen (US$34.6 million) (Operating loss of 4.0 billion yen in the same quarter of the previous year).In Asia, revenue increased to 715.5 billion yen (US$6.4 billion) (Up 30.1% from the same quarter in the previous year) and operating income increased to 57.4 billion yen (US$512.7 million) (Up92.5% from the same quarter in the previous year).In other areas, revenue increased to 36.1 billion yen (US$322.5 million) (Up 151.1% from the same quarter in the previous year) and operating income increased to 8.0 billion yen (US$71.3 million) (Up 194.7% from the same quarter in the previous year).(Notes)The above forecasts are created based on information obtained by the date of this announcement and the actual results may differ due to various causes in the future. U.S. dollar amounts have been translated, for convenience only, at the rate of 111.92 yen = US$1, the approximate exchange rate prevailing in the Tokyo Foreign Exchange Market on September. 30, 2021. Billion is used in the American sense of one thousand million. Foreign exchange rates of the Forecast for Fiscal Year Ending March 31, 2022, as a precondition are US$=107.4 yen, Euro=127.9yen.About DENSODENSO is a $44.6 billion global mobility supplier that develops advanced technology and components for nearly every vehicle make and model on the road today. With manufacturing at its core, DENSO invests in its 200 facilities to produce thermal, powertrain, mobility, electrification, & electronic systems, to create jobs that directly change how the world moves. The company's 168,000+ employees are paving the way to a mobility future that improves lives, eliminates traffic accidents, and preserves the environment. Globally headquartered in Kariya, Japan, DENSO spent 10.0 percent of its global consolidated sales on research and development in the fiscal year ending March 31, 2021. For more information about global DENSO, visit https://www.denso.com/global Copyright 2021 JCN Newswire. All rights reserved. (via SEAPRWire)

30 7 月, 2021

DENSO Announces First Quarter Financial Results

KARIYA, JAPAN, Jul 30, 2021 - (JCN Newswire via SEAPRWire.com) - DENSO, a leading mobility supplier, today announced its global financial results for its first quarter, ending June 30, 2021, for its 2022 fiscal year, ending March 31, 2022:- Consolidated revenue totaled 1,356.9 billion yen (US$12.3 billion), a 77.3 percent increase from the previous year.- Consolidated operating profit totaled 107.2 billion yen (US$969.3 million).- Consolidated profit attributable to owners of the parent company totaled 89.3 billion yen (US$808.0 million). "Revenue increased due to recovery of vehicle sales and production against COVID-19 from the previous year. Operating income increased due to higher production volume and profit improvements created by corporate reform from the previous year," said Yasushi Matsui, senior executive officer and member of the Board of Directors of DENSO Corporation."Although it is difficult to project how the business environment might change due to factors like COVID-19 and semiconductor supply, we have achieved a favorable result in our first quarter and raised our full-year forecast," said Yasushi Matsui, senior executive officer and member of the Board of Directors of DENSO Corporation.Revenue and operating income increased in all areas due to recovery in vehicle sales and production.In Japan, revenue increased to 873.4 billion yen (US$7.9 billion) (Up 65.3% from the same quarter in the previous year) due to not only sales recovery but also an increase in sales for primarily Toyota Motor Corporation and an operating income was 58.2 billion yen (US$526.0 million) (Operating loss of 90.8 billion yen in the same quarter of the previous year).In North America, revenue increased to 298.4 billion yen (US$2.7 billion) (Up 145.0% from the same quarter in the previous year) due to recovery in vehicle sales and production although there was production loss due to semiconductor shortages. Operating income was 7.3 billion yen (US$66.4 million) (Operating loss of 26.3 billion yen in the same quarter of the previous year).In Europe, revenue increased to 152.9 billion yen (US$1.4 billion) (Up 127.6% from the same quarter in the previous year) due to recovery in vehicle sales and production although there was production loss due to semiconductor shortages, similar to North America. Operating income was 3.3 billion yen (US$29.7 million) (Operating loss of 8.2 billion yen in the same quarter of the previous year).In Asia, revenue increased to 364.6 billion yen (US$3.3 billion) (Up 59.8% from the same quarter in the previous year) due to recovery in vehicle sales especially in other than China and operating income increased to 33.8 billion yen (US$305.2 million) (Up 859.2% from the same quarter in the previous year) significantly.In other areas, revenue increased to 17.0 billion yen (US$153.6 million) (Up 477.1% from the same quarter in the previous year) and operating income increased to 3.2 billion yen (US$29.0 million) (Up 144.9% from the same quarter in the previous year).For more information, visit https://www.denso.com/global/en/news/newsroom/2021/20210730-g01/. Copyright 2021 JCN Newswire. All rights reserved. (via SEAPRWire)

28 5 月, 2021

Toyota Global Sales Secures 859,000 Units for April 2021

Toyota City, Japan, May 28, 2021 - (JCN Newswire via SEAPRWire.com) - Toyota Motor Corporation (TMC) announces its sales, production, and export results for April 2021 as well as the cumulative total from January to April, including those for subsidiaries Daihatsu Motor Co., Ltd. and Hino Motors, Ltd.Global SalesNorth America (272,000 units, up 188.5 percent year on year)In the U.S., continued solid sales of light trucks such as the RAV4, Highlander and 4RUNNER, and HEVs such as the RAV4 and Venza continued. This, together with the fact that sales had dropped in April of the previous year due to effects of COVID-19, meant that sales were substantially up year on year.China (160,000 units, up 12.2 percent year on year)Sales of the Avalon, Camry, RAV4, Wildlander and other models were strong, and sales were substantially up year on year.Japan (124,000 units, up 27.1 percent year on year)Despite modest effects due to the declarations of a state of emergency and semi-state of emergency, sales were up year on year due to sales in April of the previous year being affected by COVID-19 and strong sales of the Harrier and Yaris.*ReferenceGlobal sales for April 2019 were 788,000 units.For the full press release, visit:https://global.toyota/en/company/profile/production-sales-figures/202104.html Copyright 2021 JCN Newswire. All rights reserved. (via SEAPRWire)

25 5 月, 2021

Central Global Berhad Posts 25% Rise in Revenue

KUALA LUMPUR, May 25, 2021 - (ACN Newswire via SEAPRWire.com) - Main Market-listed Central Global Berhad ("CGB") recorded a 25.42% increase in revenue to RM37.56 million for the first quarter ended 31 March 2021 ("1Q2021") compared to RM29.95 million recorded in the same quarter of the previous year.CGB executive chairman Dato' Faisal ZelmanThe Group registered a loss before tax ("LBT") of RM1.03 million for 1Q2021 compared to a profit before tax ("PBT") of RM760,000 in the corresponding quarter of the previous year. On a segmental basis, CGB's manufacturing arm recorded a 48.3% increase in revenue to RM17.36 million compared to the RM11.7 million recorded in the same quarter of the previous year while the construction arm registered a 10.7% increase in revenue to RM20.2 million compared to the RM18.24 million recorded in the corresponding quarter of the previous year.For 1Q2021, CGB's manufacturing arm registered RM510,000 in PBT from LBT of RM139,000 in the corresponding quarter of the previous year due mainly to higher revenue contribution from trading of industrial tapes and label stocks. For the quarter under review, the construction arm recorded LBT of RM938,000 compared to PBT of RM1.05 million in the same quarter of the previous year mainly due to lower contribution from two projects located in Penang that were completed and handed over in 1Q2021.CGB executive chairman Dato' Faisal Zelman said: "We continue to be upbeat about the Group's outlook despite the challenges posed by the rise in COVID-19 infections and its impact on business sentiment. The plans that we shared publicly are being implemented and we are confident that these plans will benefit the Group.""The approval by Bursa Malaysia Securities Berhad of our proposed private placement of 18 million new shares in late April will help these plans along. As we have shared, we intend to upgrade our manufacturing arm's capacity as well as fund an existing construction project in Penang. We have also clinched an RM101 million construction project in Lahad Datu, Sabah that will substantially boost the construction arm's contribution to financial performance in the coming quarters. The manufacturing arm continues to take advantage of the change in market structure arising from a more fragmented competition landscape while the continued supply-chain disruption arising from pandemic lockdowns has given us the opportunity to penetrate the domestic market further.""The surge of COVID-19 infections has certainly been worrying and we are monitoring the situation as it unfolds. We continue to adhere to all standard operating procedures to ensure the safety and health of our employees, vendors and customers."Please contact below for more information:Hakim JuraimiTel: +60 12-318 5410Email: h.juraimi@swanconsultancy.biz Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)

10 5 月, 2021

Showa Denko Revises Forecast of Consolidated Performance and to Record Extraordinary Loss

TOKYO, May 10, 2021 - (JCN Newswire via SEAPRWire.com) - Showa Denko (SDK; TSE:4004) announces that it revises its forecast of consolidated business results for the first half of the year ending on December 31, 2021, which was announced on February 17, 2021, taking the latest economic conditions into consideration. Following this revision, SDK also revises its full-year forecast of consolidated business results for the year ending on December 31, 2021. Regarding the latter forecast, we revised the full-year forecast to reflect only the changes in the performance forecast for the first half of 2021.SDK also announces that it will record an extraordinary losses in its 2021 consolidated financial statements.1. Revision of forecast of consolidated business results for January 1 - June 30, 2021(1) Revised forecast of consolidated business results for January 1 - June 30, 2021* See www.sdk.co.jp/assets/files/english/news/2021/20210510_sdknewsrelease_e.pdf(2) Reasons for the revisionRegarding net sales, although the Others segment's sales is expected to decrease due to unconsolidation of Shoko Co., Ltd. resulting from the sale of SDK's shares in Shoko aiming to tender them into a tender offer, sales in all the other segments are expected to increase from those in the previous forecast. In the Showa Denko Materials' segment, sales of semiconductor related products have been exceeding previous forecast due to tighter supply-demand situation. In the Inorganics segment, sales volumes of graphite electrodes have been exceeding the previous forecast due to an improvement in supply-demand situation. In the Petrochemicals segment, market prices of products have been exceeding the level in the previous forecast due to a rise in raw naphtha prices and strong demand in Asia.Operating income is expected to increase in all segments excepting the Others segment. In the Showa Denko Materials segment, operating income is expected to increase due to an increase in sales of electronic materials and circuit board materials resulting from market growth in the semiconductor industry and the data center industry. In addition, operating income from sales of mobility materials has been exceeding the previous forecast due to the recovery of production in the car industry which is stronger than expected. In the Inorganics segment, operating income has been increasing due to an increase in sales volumes of graphite electrodes which exceeds the previous forecast. In the Petrochemicals segment, operating income has been increasing because market prices of products continue exceeding the level in the previous forecast due to strong demand in Asia, a cold wave in the United States in the last winter, and a rise in raw naphtha prices.On the basis of the situation above, we also expect improvements in ordinary income and net income attributable of owners of the parent from those in the previous forecast.2. Revision of forecast of consolidated business results for January 1 - December 31, 2021(1) Revised forecast of consolidated business results for January 1 - December 31, 2021* See www.sdk.co.jp/assets/files/english/news/2021/20210510_sdknewsrelease_e.pdf(2) Reasons for the revisionRegarding consolidated performance forecast for full-year 2021, we revised the forecast to reflect only the changes in the performance forecast for the first half of 2021.Regarding the dividend, we do not revise our forecast that the Company will pay 65 yen per share as year-end dividend.3. Recording of extraordinary lossesAt Kitakata Plant, which is located in Kitakata City, Fukushima Prefecture, SDK currently manufactures aluminum specialty components. Recently, at the Plant, we found groundwater contamination by fluorine and other chemicals exceeding environmental standard, which was caused by a business operated in the past. Therefore, SDK has decided to conduct construction work to establish environmental measures as countermeasures against the groundwater contamination in order to conform to the Soil Contamination Countermeasures Act. To cover the expense for the construction work, we have decided to record an extraordinary loss of about 9 billion yen in the Company's consolidated financial statements for the first quarter of 2021. In addition, we also have decided to record an extraordinary loss of about 2.7 billion yen in the Company's consolidated financial statements for the same period, in order to reflect the special early retirement allowance incurred due to the structural reform in the Showa Denko Materials segment.[Reference] Segment-wise breakdown of net sales and operating income (consolidated) for the first-half of the year ending on December 31, 2021* See www.sdk.co.jp/assets/files/english/news/2021/20210510_sdknewsrelease_e.pdfAbout Showa Denko K.K.Showa Denko K.K. (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. Please visit us at www.sdk.co.jp/english/.For further information, contact:Showa Denko K.K., IR Office, Finance & Accounting Department, Tel: 81-3-5470-3323 Copyright 2021 JCN Newswire. All rights reserved. (via SEAPRWire)

2 2 月, 2021

DENSO Announces Third-Quarter Financial

KARIYA, JAPAN, Feb 2, 2021 - (JCN Newswire) - DENSO, a leading mobility supplier, today announced its global financial results for the third quarter, beginning Oct. 1 and ending Dec. 31, 2020, for its 2021 fiscal year, which ends March 31, 2021:- Consolidated revenue totaled 3,508.6 billion yen (US$33.9 billion), a 9.9 percent decrease from the previous year.- Consolidated operating profit totaled 66.6 billion yen (US$643.8 million).- Consolidated profit attributable to owners of the parent company totaled 43.1 billion yen (US$416.3 million)."Revenue is recovering steadily due to increased vehicle sales in the second and third quarters, but sales for fiscal year 2021 are still down compared to last fiscal year due to the significant decline in the first quarter. Revenue for the third quarter (3 months) increased to 1,433.9 billion yen (US$13.9 billion). Operating income was also in the black for all of the third quarter due to an increase in revenue and the effects of measures. Operating income for the third quarter (3 months) increased to 136.3 billion yen (US$1.3 billion). Our full-year forecast reflects the strong performance in the third quarter, with revenues projected at 4,740.0 billion yen (US$45.8 billion) and operating income at 150.0 billion yen (US$1.4 billion), which are revised upward," said Yasushi Matsui, senior executive officer of DENSO Corporation.In Japan, despite an increase in sales of electrification products for primarily Toyota Motor Corporation and an increase in revenue from the Hirose Plant, revenue decreased to 2,250.0 billion yen (US$21.7 billion) (Down 7.5% from the same quarter in the previous year). Operating loss was 12.0 billion yen (US$116.1 million) (Operating income was 40.0 billion yen in the same quarter of the previous year)In North America, revenue decreased to 730.4 billion yen (US$7.1 billion) (Down 17.5% from the same quarter in the previous year) and operating income decreased to 1.5 billion yen (US$14.0 million) (Down 91.6% from the same quarter in the previous year).In Europe, revenue decreased to 359.4 billion yen (US$3.5 billion) (Down 18.2% from the same quarter in the previous year), and operating income decreased to 2.7 billion yen (US$26.3 million) (Down 74.1% from the same quarter in the previous year).However, in these two regions, operating loss in the first half of the year turned into operating income due to the recovery of vehicle sales and corporate reforms.In Asia, revenue in China led sales throughout the third quarter, but revenue decreased to 932.9 billion yen (US$9.0 billion) (Down 7.2% from the same quarter in the previous year) and operating income decreased to 71.8 billion yen (US$693.6 million) (Down 13.8% from the same quarter in the previous year).In other areas, revenue decreased to 26.7 billion yen (US$257.8 million) (Down 45.7% from the same quarter in the previous year) and operating income decreased to 4.8 billion yen (US$45.9 million) (Down 44.4% from the same quarter in the previous year).Although fiscal year 2021 revenue and profits are down, third quarter revenue and profits increased in all regions over the previous year due to changes in the sales environment and variable cost reduction."Regarding the full-year forecast, reflecting the strong third quarter, we revised revenue projections upward to 4,740.0 billion yen (US$45.8 billion) and operating income to 150 billion yen (US$1.4 billion). As for the fourth quarter, because of uncertainty caused by COVID-19 and semiconductor shortages, we didn't revised revenues and operating income from previously announced figures," said Matsui.(Foreign exchange rates used for the full-year are US$= 106 yen, Euro= 121yen) Copyright 2021 JCN Newswire. All rights reserved. www.jcnnewswire.com

29 10 月, 2020

DENSO Announces First-half Financial Results

TOKYO, Oct 29, 2020 - (JCN Newswire) - DENSO, a leading mobility supplier whose 2021 fiscal begins April 1, 2020, and ends March 31, 2021, today announced its global financial results for the first half of its fiscal year, ending September 30:- Consolidated revenue totaled 2,074.7 billion yen (US$19.6 billion), a 20.8 percent decrease from the previous year.- Consolidated operating profit totaled -69.6 billion yen (US$-658.1million).- Consolidated profit attributable to owners of the parent company totaled -71.1 billion yen(US$-672.2 million)."Revenues decreased due to a significant decline in vehicle sales in the first quarter as a result of COVID-19, and although there was a recovery trend from the second quarter, overall sales decreased in the first half. Operating income was in the black in the second quarter because of additional measures, but operating loss was recorded in the first half due to production volume decreases," said Yasushi Yamanaka, executive vice president of DENSO Corporation.In Japan, despite an increase in sales due to the transfer of the Hirose Plant and an increase in sales to Toyota Motor Corporation in the 2nd Quarter, sales revenue decreased to 1,324.8 billion yen ((US$12.5 billion) (Down 301.3 billion yen, 18.5% from the same quarter in the previous year). DENSO recorded an operating loss of 93.1 billion yen (Operating income of 56.4 billion yen in the same quarter of the previous year) due to the impact of COVID-19, which resulted in production volume decrease.In North America, although vehicle production has been on a recovery track since the 2nd Quarter, sales revenue decreased to 436.3 billion yen (US$4.1 billion) (Down 167.2 billion yen, 27.7% from the same quarter in the previous year). Operating loss was 8.5 billion yen (Operating income of 11.2 billion yen in the same quarter of the previous year) due to COVID-19-related production volume decreases.In Europe, sales revenue decreased to 200.2 billion yen (US$1.9 billion) (Down 94.7 billion yen, 32.1% from the same quarter in the previous year) due to a decrease in vehicle sales caused by COVID-19. Operating loss was 4 billion yen (Operating income of 6.3 billion yen in the same quarter of the previous year) due to a production volume decrease.In Asia, sales revenue decreased to 549.9 billion yen (US$ 5.2 billion) (Down 110.1 billion yen, 16.7% from the same quarter in the previous year) due to the slowdown of the market. Operating income decreased to 29.8 billion yen (Down 20.6 billion yen, 40.9% from the same quarter in the previous year) due to the impact of production volume decreases.In other areas, net sales decreased to 14.4 billion yen (US$135.9 million) (Down 20.1 billion yen, 58.4% from the same quarter in the previous year) and operating income decreased to 2.7 billion yen (Down 3.6 billion yen, 56.8% from the same quarter in the previous year)."Regarding the full-year forecast, while vehicle sales are recovering, there are concerns that COVID-19 has the potential to resurge in different regions and the outlook is uncertain, so we have decided to leave the forecast unchanged. In addition, the year-end dividend forecast is 70 yen." said Yamanaka.(Foreign exchange rates used for the full-year are US$= 106 yen, Euro= 120yen)(Notes)The above forecasts are created based on the information obtained by the date of this announcement and the actual results may differ due to various causes in the future. U.S. dollar amounts have been translated, for convenience only, at the rate of 105.80 yen=USD1, the approximate exchange rate prevailing in the Tokyo Foreign Exchange Market September. 30, 2020. Billion is used in the American sense of one thousand million.About DensoDENSO is a $48.3 billion global mobility supplier that develops advanced technology and components for nearly every vehicle make and model on the road today. With manufacturing at its core, DENSO invests in its 221 facilities in 35 countries to produce thermal, powertrain, mobility, electrification, & electronic systems, to create jobs that directly change how the world moves. The company's 170,000+ employees are paving the way to a mobility future that improves lives, eliminates traffic accidents, and preserves the environment. Globally headquartered in Kariya, Japan, DENSO spent 9.3% of its global consolidated sales on research and development in the fiscal year ending March 31, 2019. For more information about global DENSO, visit https://www.denso.com/global. Copyright 2020 JCN Newswire. All rights reserved. www.jcnnewswire.com