Showa Denko Forecasts Payment of Term-end Dividend, Business News

PUBLISHED ONDecember 11, 2018 5:00 AM

TOKYO, Dec 11, 2018 - (JCN Newswire) - Showa Denko (SDK; TSE:4004) hereby announces that the Company has revised its forecast of term-end dividends, as in the table given below.

1. Changes in the forecast of dividends


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                                  Dividend per share (Unit: yen) 
                      End of 1Q   End of 2Q   End of 3Q   Year-end   Total
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Earlier forecast of dividends for 2018 (Announced on May. 29, 2018)
                              -       20.00           -      70.00   90.00
Revised forecast of dividends for 2018 (Announced on Dec 11, 2018) 
                              -           -           -     100.00  120.00
Actual dividends for 2018
                              -       20.00           -          -       -
Actual dividends for 2017 (January - December 2017)
                              -        0.00           -      50.00    50.00
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Note1: SDK resolved payment of dividends of 30 yen per share based on the record date of May 11, 2017 at the extraordinary general meeting of shareholders held on June 27, 2017, and paid them.

2. Reason for the revision of dividend forecast

SDK has revised the forecast of term-end dividends per share to be paid based on the record date of Dec 31, 2018, taking collectively into account its policy on return to shareholders, stability in dividends, and the 2018 performance forecast.

About Showa Denko K.K.

Showa Denko K.K. (SDK; TSE:4004, ADR:SHWDY), a major manufacturer of chemical products, serves a wide range of fields from heavy industry to electronics and computer industries. 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, and the Inorganics Sector provides ceramic products, such as alumina, abrasives, refractory and 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/.

Contact:
Contact:
Showa Denko K.K. Public Relations Office, Tel: +81-3-5470-3235.