Full Year 2019 Showa Denko KK Earnings Presentation Transcript

Feb 14, 2020 / 01:00AM GMT
Presentation
Feb 14, 2020 / 01:00AM GMT

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Corporate Participants
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* Kohei Morikawa
Showa Denko K.K. - President, CEO & Representative Director
* Motohiro Takeuchi
Showa Denko K.K. - Managing Corporate Officer, CFO & Director

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Kohei Morikawa - Showa Denko K.K. - President, CEO & Representative Director

Ladies and gentlemen, this is Kohei Morikawa, President, and CEO of Showa Denko. Thank you very much for joining us today at the financial results briefing.

We are very happy to see many of you here with us today. Yesterday, we announced very tough fiscal 2020 forecast. I will mainly talk about the reasons behind those tough numbers and measures for recovery for fiscal 2021 and onwards, and progress of the important policies of medium-term business plan.

As for the details of the 2019 financial results, our CFO, Motohiro Takeuchi, will present later.

As a background of tough 2020 forecast, there are 2 factors. First, is inventory

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