The B stream can be found here. GamerLegion relegate OG to the elimination games21:50 - NER0 OG's...

TOKYO and SEOUL, Feb 24, 2023 - (JCN Newswire) - Olympus Corporation (Olympus), a global medtech company committed to making people's lives healthier, safer...

Late last year I looked at the SEC Securities Based SDRs (SBSDRs) for the Most Active Names in Credit and Equity Derivatives in Oct22,...

Bitcoin miners Core Scientific rose 33% as stocks of Bitfarms, Stronghold Digital, CleanSpark all ended the...

Singapore, Jan 25, 2023 - (ACN Newswire) - The Public-Private Partnership (PPP) workshop is back for 2023 in Singapore. Infocus International is delighted to bring one of their...

Twistzz's appearances in the Top 20 list date back to his second year in the top scene, as after joining Liquid in 2017...

TOKYO, Dec 16, 2022 - (JCN Newswire) - Olympus Corporation (Olympus), a global medtech company committed to making people's lives healthier, safer and more...

TOKYO, Dec 06, 2022 - (JCN Newswire) - Olympus Corporation (Olympus), a global medtech company committed to making people's lives healthier, safer and more...

The Monetary Authority of Singapore has licensed MetaComp, a unit of Singapore-based digital asset exchange MetaVerse Green Exchange (MVGX), a license to provide digital payment...

SINGAPORE, Dec 05, 2022 - (JCN Newswire) - Olympus Corporation (Olympus), a global medtech company committed to making people's lives healthier, safer and more...

While PGL Major Antwerp 2022 comes closer and closer, we can still enjoy some good CSGO at the BLAST Premier Spring European Showdown tournament. A couple of days ago we got to watch ENCE take down Copenhagen Flames in a close series, while Heroic was doing the same against Team NKT. Both teams got themselves into the first semi-finals of the tournament, the other being Astralis vs Ninjas in Pyjamas, which we are still waiting to watch.

TOKYO, Mar 11, 2022 - (JCN Newswire) - Showa Denko (SDK) (TOKYO: 4004) announces that it has corrected an error in the cash flows information of its Consolidated Financial Statements for the year ended December 31, 2021.

1. Reason for correction

We found an error in the description about cash flows in 2021, which is on page 9 of the Consolidated Financial Statements for the year ended December 31, 2021.

2. Correction details

The number subject to this correction is the one underlined below.

(Before correction)

(2) Cash flows in 2021

Net cash provided by operating activities increased 5,997 million yen from the previous year, to the proceeds of 115,283 million yen, due partly to an increase in profit before income taxes. Net cash used in investing activities decreased 958,653 million yen, to the proceeds of 28,606 million yen, due partly to the proceeds of 83,915 million yen resulting from the transfer of businesses, despite the effect of expenditure of 892,030 million yen in the previous year resulting from acquisition of shares in a subsidiary accompanying an expansion of the bounds of consolidation.

(After correction)

(2) Cash flows in 2021

Net cash provided by operating activities increased 5,997 million yen from the previous year, to the proceeds of 115,283 million yen, due partly to an increase in profit before income taxes. Net cash used in investing activities decreased 958,653 million yen, to the proceeds of 28,606 million yen, due partly to the proceeds of 83,915 million yen resulting from the transfer of businesses, despite the effect of expenditure of 890,230 million yen in the previous year resulting from acquisition of shares in a subsidiary accompanying an expansion of the bounds of consolidation.

Press release: www.sdk.co.jp/assets/files/english/news/2022/20220311_sdknewsrelease_e.pdf

About Showa Denko K.K.

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

For further information, contact:
Showa Denko K.K., IR Office, Finance & Accounting Department, Tel: 81-3-5470-3323


Copyright 2022 JCN Newswire. All rights reserved. www.jcnnewswire.comShowa Denko (SDK) (TOKYO: 4004) announces that it has corrected an error in the cash flows information of its Consolidated Financial Statements for the year ended December 31, 2021.