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SHOWA DENKO K.K. Third Quarter , 2021 Consolidated Financial Results ( Summary ) 1. Third Quarter Results 2021 November 10 , 2021 ( 1 ) Summary ( Unit : billions of yen ) Items 2020 Jan.1 - Sept.30 2021 Jan.1 - Sept.30 Increase / decrease 2021 Forecast * * Forecast revised on Aug. 3 , 2021 . Net Sales 636.0 1,051.7 415.7 Operating Income Net income attributable to owners of the parent -27.4 -66.3 71.9 -10.3 99.3 1,400.0 85.0 56.0 -25.0 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 . At the end of 2020 , we finalized tentative accounting values concerning consolidation of Showa Denko K.K. and Showa Denko Materials Co. , Ltd. In comparison of the financial results for the first three quarters of 2020 and those of 2021 , we used finalized values . ( 2 ) Net Sales and Operating Income by Segment ( Unit : billions of yen ) Segment Petrochemicals Net Sales Op . Income 2020 Jan.1 - Sept.30 142.5 2021 Increase / Jan.1 - Sept.30 decrease 2021 Forecast * 201.7 59.1 265.0 1.3 17.2 15.9 17.0 Net Sales 113.0 135.6 22.5 180.0 Chemicals Op . Income 9.3 16.4 7.1 19.5 Net Sales 68.7 83.3 14.5 Electronics 115.0 Op . Income 4.8 9.5 4.7 15.5 Net Sales 61.3 72.2 10.9 100.0 Inorganics Op . Income -26.2 11.9 38.1 12.0 Net Sales 58.4 61.7 3.2 75.0 Aluminum Op . Income -0.3 6.5 6.7 7.5 Net Sales 144.8 481.6 336.7 650.0 Showa Denko Materials Op . Income -9.2 18.6 27.7 26.5 Net Sales 80.0 38.9 -41.2 40.0 Others Op . Income 0.6 0.1 -0.6 0.2 Net Sales -32.9 -23.1 9.8 -25.0 Adjustments Op . Income -7.7 -8.1 -0.4 -13.2 Net Sales Total Op . Income 636.0 -27.4 1,051.7 71.9 415.7 1,400.0 99.3 85.0 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 . " In this segment , at the end of 2020 , we finalized tentative accounting values concerning consolidation of Showa Denko K.K. and Showa Denko Materials Co. , Ltd. In comparison of the financial results for the first three quarters of 2020 and those of 2021 , we used finalized values . ( Unit : billions of yen ) Segment 2021 CQ1 Jan.1 - Mar. 31 2021 CQ2 Apr.1 - Jun.30 2021 CQ3 Jul.1 - Sept.30 Petrochemicals Chemicals Electronics Net Sales Op . Income Net Sales Op . Income Net Sales Op . Income Net Sales 57.8 69.5 74.4 5.5 41.3 4.9 21.7 1.4 21.2 Inorganics Op . Income 1.0 5367420 6.2 5.5 45.4 48.9 5.8 5.8 27.7 33.9 3.8 4.3 25.2 25.8 5.3 5.6 Aluminum Net Sales Op . Income 22.5 25.2 13.9 2.3 3.3 0.8 Showa Denko Materials Net Sales Op . Income Net Sales 159.6 160.6 161.4 7.6 5.0 28.2 5.5 15 6.0 5.2 Others Op . Income 0.2 -0.1 -0.1 Net Sales -12.5 -5.3 -5.3 Adjustments Op . Income -2.0 -2.5 -3.6 Net Sales 339.7 353.7 358.3 Total Op . Income 20.8 26.8 24.4 2. Cash dividends Items Cash dividends per share ( yen ) 2020 2021 Forecast 65.0 65.0 3. Reference Items Exchange rate ( yen / US $ ) Domestic naphtha price ( yen / kl ) Items Total assets Interest - bearing debt 2020 2021 Jan.1 - Sept.30 Jan.1 - Sept.30 Increase / decrease 107.6 33,350 108.5 46,650 Yen depreciated by 0.9 13,300 Dec. 31 , 2020 Sept. 30 , 2021 2,203.6 1,060.1 ( Unit : billions of yen ) Increase / decrease 2,212.3 969.3 8.7 -90.9 Note : 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 .