Asian Spectator

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Ushering in a Year of Prosperity: Celebrating Thailand’s Chinese New Year Festival Siam Paragon Joins Forces with TAT and Kasikornbank to Launch Siam Paragon A Prosperous Chinese New Year 2026

Showcasing Spectacular Entertainment and Chinese Cultural Performances, Featuring Renowned Chinese Artist “Zhu Zhengting” to Bless the People of Thailand in the Heart of the CityBANGKOK, ...

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Galaxy Macau Announces Event Partnership with UFC® UFC® FIGHT NIGHT MACAU Returns After a Decade on November 23

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Tibet to launch tourist route featuring countryside experience

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YANNI will Perform at the Prambanan Jazz Festival 2019 on July...

YOGYAKARTA, Indonesia, June 21, 2019 /PRNewswire-AsiaNet/ -- YANNI, a world's legendary composer has postponed his '25th Anniversary Acropolis' concert last year at some countries due to inj...

I was the Australian doctor on the WHO’s COVID-19 mission to China. Here’s what we found about the origins of the coronavirus

As I write, I am in hotel quarantine in Sydney, after returning from Wuhan, China. There, I was the Australian representative on the international World Health Organization’s (WHO) inv...

SDK Records Impairment Loss (Extraordinary Loss)

SDK Records Impairment Loss (Extraordinary Loss)

TOKYO, Feb 13, 2020 - (JCN Newswire) - Showa Denko (SDK; TSE:4004), in its 2019 consolidated financial statements announced today, recorded loss due to impairment (extraordinary loss).

Specifically, we reappraised the value of some businesses, including those for manufacturing aluminum fabricated articles and synthetic resins, taking into consideration their future performance forecast. As a result, SDK decided to record impairment loss for relevant fixed assets, totaling 15,662 million yen (in the category of extraordinary loss). The figure includes impairment loss of 10,418 million yen for the aluminum fabricated articles manufacturing business, and impairment loss of 2,812 million yen for the synthetic resins manufacturing business.

As for the influence of this issue on the consolidated business results, please refer to SDK's 2019 consolidated financial statements announced today.

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:Showa Denko K.K., IR Office, Tel: 81-3-5470-3323

Copyright 2020 JCN Newswire. All rights reserved. www.jcnnewswire.com

Authors: ACN Newswire - Press Releases

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