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SDK Revises Performance Forecast for First Half 2005

August 4, 2005

Showa Denko K.K. (SDK) has revised its performance forecast for the first half of 2005. Consolidated net sales for the period are expected to increase 0.8% from the earlier forecast (announced on May 12, 2005), to ¥391 billion, while consolidated operating income is expected to increase 6.3%, to ¥27.1 billion.

This upward revision in both net sales and operating income is due mainly to higher selling prices in the petrochemicals segment, reflecting a rise in feedstock costs and brisk demand. Ordinary income and net income will also rise as a result of the increase in operating income.

[Revised performance forecast for Jan. 1 – June 30, 2005]

Consolidated basis
(Billions of yen, %)
  Net sales Operating income Ordinary income Net income
Earlier forecast (A)
(Announced on May 12, 2005)
388 25.5 20.0 16.5
Revised forecast (B) 391 27.1 23.4 20.9
(B)-(A) 3.0 1.6 3.4 4.4
Percentage of increase
(decrease)
0.8% 6.3% 17.0% 26.7%
First half, 2004 results 348.3 22.2 16.2 6.4
Non-consolidated basis
(Billions of yen, %)
  Net sales Operating income Ordinary income Net income
Earlier forecast (A)
(Announced on May 12, 2005)
270.0 16.0 17.5 7.4
Revised forecast (B) 271.7 17.4 20.2 9.8
(B)-(A) 1.7 1.4 2.7 2.4
Percentage of increase
(decrease)
0.6% 8.8% 15.4% 32.4%
First half, 2004 results 245.4 15.5 11.4 5.7