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SHOWA DENKO K.K. First Half , 2021 Consolidated Financial Results ( Summary ) I. First Half 2021 Results 1. Summary Net Sales Operating Income Items Net income attributable to owners of the parent Net income attributable to owners of the parent per share Net assets per share ( Unit : billions of yen , except for " per share " indicators ) 1st half , 2020 1st half , 2021 Increase / ( Jan. - Jun . ) ( Jan. - Jun . ) decrease 326.6 693.4 366.7 -25.8 47.6 73.4 -54.6 -13.4 41.2 ¥ -374.11 ¥ -91.93 ¥ 282.18 ¥ 2,890.71 ¥ 2,806.14 ¥ -84.57 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 Aug. 10 , 2021 Segment 1st half , 2020 ( Jan. - Jun . ) 1st half , 2021 ( Jan. - Jun . ) ( Unit : billions of yen ) Increase / decrease Net Sales 95.7 127.2 31.5 CQ1 , 2021 ( Jan. - Mar. ) 57.8 CQ2 , 2021 ( Apr. - Jun . ) 69.5 Petrochemicals Op . Income -3.7 11.7 15.4 5.5 6.2 Net Sales 72.0 86.7 14.6 41.3 45.4 Chemicals Op . Income 5.0 10.6 5.6 4.9 5.8 Net Sales 44.6 49.3 4.8 21.7 27.7 Electronics Op . Income 1.8 5.2 3.4 1.4 3.8 Net Sales 43.0 46.4 3.4 21.2 25.2 Inorganics Op . Income -22.9 6.3 29.2 1.0 5.3 Net Sales 38.8 47.7 8.9 22.5 25.2 Aluminum Op . Income -0.2 5.6 5.8 2.3 3.3 Net Sales 320.2 320.2 159.6 160.6 Showa Denko Materials Op . Income 12.6 12.6 7.6 5.0 Net Sales 55.6 33.6 -21.9 28.2 5.5 Others Op . Income 0.5 0.1 -0.4 0.2 -0.1 Net Sales -23.2 -17.8 5.3 -12.5 -5.3 Adjustments Op . Income -6.3 -4.5 1.7 -2.0 -2.5 Total Net Sales Op . Income 326.6 -25.8 693.4 47.6 366.7 339.7 353.7 73.4 20.8 26.8 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 . " 3. Cash Flow ( Unit : billions of yen ) 2021 Revised Cash Flows from : 1st half , 2020 ( Jan. - Jun . ) 1st half , 2021 Increase / ( Jan. - Jun . ) decrease forecast ( Jan. - Dec . ) Operating Activities Investing Activities 5.2 -792.6 55.3 50.1 120.0 -10.4 782.2 12.0 Free Cash Flow -787.4 44.9 832.3 132.0 Financing Activities 864.7 -73.6 -938.4 -160.0 Others Net increase in Cash 4. Reference -1.6 75.8 9.1 10.7 -7.0 -19.6 -95.4 -35.0 announced on Aug. 10 , 2021 ( Unit : billions of yen , expect for total number of employees , exchange rate , and domestic naphtha price ) 1st half , 2020 1st half , 2021 Increase / Items ( Jan. - Jun . ) ( Jan. - Jun . ) decrease Capital expenditures 24.8 35.4 10.6 Depreciation and amortization 19.4 41.4 22.0 R & D expenditures 9.7 23.7 14.0 Gap between interest / dividend income -0.9 -3.9 -3.0 and interest expense Total number of employees 33,805 32,373 -1,432 Exchange rate ( yen / US $ ) Domestic naphtha price ( yen / kl ) 108.3 34.850 107.7 43,250 0.6 Yen appreciated 8.400 Increase / Items Dec. 31 , 2020 Jun . 30 , 2021 decrease Total assets Interest - bearing debt 2,203.6 1,060.1 -61.3 -75.4 Showa Denko K.K. made Showa Denko Materials a consolidated subsidiary , considered June 30 , 2020 as acquisition date , and started to incorporate Showa Denko Material's financial results into its consolidated financial statements . 2,142.3 984.8