Showa Denko targets to double operating profit in 2013

Dec. 7, 2010 - Showa Denko announced the firm targets JPY 80 billion of operating profit with JPY 1 trillion of sales in 2013 under the new 5 year plan, PEGASUS starting in 2011 compared with estimated JPY 400 billion of operating profit with JPY 825 billion of sales in 2010.
The firm tries to expand graphite electrode business for future growth. The firm tries to realize 7% of return on assets to increase the annual dividend as early as possible from JPY 3 per share to JPY 5.