New Year Message from Kohei Morikawa, Showa Denko President and CEO
04 Janvier 2018 - 5:00AM
JCN Newswire (English)
Kohei Morikawa, president and CEO of Showa Denko ("SDK";
TSE:4004) announced the following New Year message.
Let's Prepare for the Future
We expect that economic growth and recovery of domestic demand in
2018 will be as solid as those in 2017 and continue not only in
developed countries but also in China and ASEAN region where the
Showa Denko Group accelerates its business expansion. However, we
should continue paying close attention to political and economic
movements which were conducted in 2017 including introduction of
stricter environmental regulation and decisions on policies to
promote electric vehicles, since these movements significantly
affect global economy. On the one hand, these changes in our
business environment will bring the Showa Denko Group various
business opportunities. On the other hand, we should recognize that
these movements will make it necessary for us to change our
business structure.
Let's Establish Individualized Businesses
Our efforts to maximize each business's profit in the existing
business framework are now bearing fruit. In addition, favorable
winds blew for us in 2017. Under these circumstances, concerning
our goal of establishing individualized businesses, now we are
confident that we can increase profitability to a certain level.
However, we still seem only part way toward achieving certain scale
of profit and stabilizing profitability. In order to change the
Showa Denko Group into a group which constantly makes certain scale
of profit even without favorable winds, we must make our businesses
step up from their current positions. Should we increase sales of
this business? Should we improve profitability of that business?
Conceivable future scenario for stepping up varies from business to
business. To make each of our businesses survive and win the fierce
global competition, we must grasp in which segment we can survive
and win, and continue establishing firm position in the relevant
segment.
Let's Keep Searching for New Paths
Business environment changes at a dizzying pace. We must quickly
know changes in wind direction and shift gears as quickly as
possible. Our objective is clear. We aim to "satisfy all
stakeholders" and show them the Showa Denko Group's "firm state at
present" and "prospective future." We aim at one goal,
establishment of individualized businesses. But there are various
paths to the goal. Therefore, let's keep searching for new paths,
be unafraid of changes, and take action aiming to have a giant leap
as "a company that contribute toward creating a society where
affluence an sustainability are harmonized," which is the summit
the Showa Denko Group climbs toward.
About Showa Denko K.K.
Showa Denko K.K. ("SDK"; TSE:4004, US:SHWDF) is a major
manufacturer and marketer of chemical products serving a wide range
of fields ranging from heavy industry to the electronic and
computer industries. The Petrochemicals Sector provides cracker
products such as ethylene and propylene, the Chemicals Sector
provides industrial and high-performance gases and chemicals and
high-purity gases and chemicals for the semiconductor industry, and
the Inorganics Sector provides ceramics products such as alumina,
abrasive, refractory and graphite electrodes and fine carbon
products. Today, 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/.
Source: Showa Denko K.K.
Contact:
Public Relations Office
Phone: 81-3-5470-3235
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