QUICK Corp.

Equity Bottom-Up

Expected to increase OP in the current fiscal year, mainly in the Life Innovation division
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Struggled in 1H due to a decrease in the quantity of chloroprene rubber The consolidated results for 1H of FY3/21 were sales of JPY160.3bn (-16% YoY) and OP of JPY12.1bn (-21% YoY). In the Electronics &amp; Innovative Products division, shipments of functional films and spherical fused silica fillers expanded due to the strong semiconductor device market and growth in 5G related investment. Although automotive…</li>
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Notes: This is translated from our Japanese report issued on 11 Aug 2020.
The company expects the business environment in 2H to improve. Applying for approval of COVID-19 simple test kit
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In 1Q, Denka struggled due to reduced demand for chloroprene rubber The consolidated financial results for 1Q of FY3/21 were sales of JPY76.2bn (-16% YoY) and OP of JPY4.4bn (-35% YoY). In the Electronics &amp; Innovative Products business, shipments of functional films and spherical fused silica fillers expanded…</li>
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Japan

Denka Co., Ltd. is a diversified manufacturer and supplier of chemical products, including basic chemicals, agrochemicals, petrochemicals, pharmaceuticals, and construction materials.  The Company's primary products include styrene resins, polyvinyl chloride, and other synthetic resins.

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