Showa Denko (SDK) to Pay Dividend

TOKYO, Apr 25, 2017 - (ACN Newswire) - Showa Denko ("SDK"; TSE: 4004) at its board of directors' meeting today decided to make dividend payment based on the record date of May 11, 2017. This issue will be referred to an extraordinary general meeting of shareholders scheduled for June 27, 2017.

1. Outline of dividend payment

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                                 Amount decided
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Record date                       May 11, 2017
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Dividend per share            Common stock: 30 yen
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Total amount of dividend    4,285 million yen (planned)
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Effective date                   June 28, 2017
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Dividend resource               Retained earnings
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2. Reasons

After finalizing its financial statements for the 108th business term (from January 1 to December 31, 2016), SDK studied the issue of dividend payment. As a result, SDK decided to pay dividend of 30 yen per share (common stock), taking into consideration the financial results for the 108th business term, future business plans, and the current financial situation. Furthermore, at its board of directors' meeting today, SDK set a new record date of May 11, 2017 for the appropriation of surplus.

Press release: www.sdk.co.jp/assets/files/english/news/2017/20170425_sdknewsrelease3_e.pdf

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/.

Contact:

Public Relations Office
Phone: 81-3-5470-3235

Copyright 2017 JCN Newswire . All rights reserved.

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