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SHOWA DENKO K.K. First Quarter , 2021 Consolidated Financial Results ( Summary ) 1. First Quarter Results ( 1 ) Summary ( Unit : billions of yen ) 2020 CQ1 2021 CQ1 Items Jan.1 - Mar.31 Jan.1 - Mar.31 Increase / decrease Net Sales Operating Income 171.7 339.7 167.9 2.5 20.8 18.3 Net Income Attributable to Owners of the Parent 2.7 5.2 2.5 First Half , 2021 Forecast * 695.0 34.0 9.0 May 13th , 2021 Showa Denko K.K. made Showa Denko Materials Co. , Ltd. ( Showa Denko Materials ) a consolidated subsidiary , and started on July 1 , 2020 to incorporate Showa Denko Materials ' sales figures and incomes / losses into its consolidated financial statements . ( 2 ) Net Sales and Operating Income by Segment * Announced on May 10 , 2021 ( Unit : billions of yen ) Segment 2020 CQ1 Jan.1 - Mar.31 2021 CQ1 Jan.1 - Mar.31 Increase / decrease Petrochemicals Net Sales Op . Income 55.0 57.8 2.7 First Half , 2021 Forecast * 125.0 -0.2 5.5 5.7 9.0 Net Sales 36.3 41.3 5.0 84.0 Chemicals Op . Income 2.3 4.9 2.6 9.0 Net Sales 23.6 21.7 -1.9 49.0 Electronics Op . Income 1.0 1.4 0.4 3.5 Net Sales 21.4 21.2 -0.2 47.0 Inorganics Op . Income 0.8 1.0 0.2 4.5 Net Sales 19.2 22.5 3.3 51.0 Aluminum Op . Income 0.0 2.3 2.2 5.0 Net Sales 159.6 159.6 321.0 Showa Denko Materials Op . Income 7.6 7.6 10.0 Net Sales 28.6 28.2 -0.4 36.0 Others Op . Income 0.2 0.2 -0.0 0.2 Net Sales -12.3 -12.5 -0.2 -18.0 Adjustments Op . Income -1.7 -2.0 -0.3 -7.2 Net Sales 171.7 339.7 167.9 Total Op . Income 2.5 20.8 18.3 695.0 34.0 Showa Denko K.K. started on July 1 , 2020 to incorporate Showa Denko Materials ' sales figures and incomes / losses into its financial statements as " Showa Denko Materials segment . " 2. Reference Items 2020 CQ1 Jan.1 - Mar.31 2021 CQ1 Jan.1 Mar.31 Increase / decrease Exchange Rate ( yen / US $ ) 108.9 105.9 Yen appreciated by 3.0 Domestic Naphtha Price ( yen / kl ) 44,800 38,800 -6,000 ( Unit : billions of yen ) Items Dec. 31 , 2020 Mar. 31 , 2021 Increase / decrease Total Assets Interest - Bearing Debt 2,203.6 1,060.1 2,240.9 1,056.3 37.3 -3.9 The above forecast is based on the information available as of today and assumptions as of today regarding risk factors that could affect our future performance . Actual results may differ materially from the forecast due to a variety of risk factors , including , but not limited to , the influence of the coronavirus disease 2019 ( COVID - 19 ) on the world economy , the economic conditions , costs of naphtha and other raw materials , demand or market conditions for our products such as graphite electrodes and other commodities , and foreign exchange rates . We undertake no obligation to update the forward - looking statements unless required by law .