Tag: segment
Dexalot: Brings CEX Functionality to a Decentralized Trading Platform
Dexalot is a unique decentralized platform that has the goal to deliver the traditional centralized exchange platform experience through a decentralized application on-chain. You only need your crypto wallet. There are no intermediaries, swift transactions, and no custodial ownership. Users can maximize their investment with low fees and with new features in the future and [...]
The post Dexalot: Brings CEX Functionality to a Decentralized Trading Platform appeared first on Blockonomi.
Showa Denko Revises Forecast of Consolidated Performance
1. Revision of forecast of consolidated business results for January 1 - December 31, 2021
(1) Revised forecast of consolidated business results for January 1 - December 31, 2021
https://www.acnnewswire.com/docs/Multimedia/Low_SDK202202.jpg
(2) Reasons for the revision
Net sales hovers around the level of the previous forecast. However, operating income is expected to slightly increase. Ordinary income is also expected to increase by about 4.5 billion yen due to an increase in foreign exchange gain and a slight increase in equity in earnings of affiliates. In addition, an extraordinary loss of about 8.5 billion yen, which was once expected to incur in the year ending on December 31, 2021 as a cost of business structure improvement in the Showa Denko Materials segment, is now expected to incur in 2022. As a result, net income attributable to owners of the parent is expected to increase by about 13 billion yen from that in the previous forecast.
With regard to the dividend, we maintain our expectation that the Company will pay 65 yen per share as year-end dividend.
About Showa Denko K.K.
Showa Denko K.K. (SDK; TSE:4004, ADR:SHWDY) is a major manufacturer of chemical products serving from heavy industry to computers and electronics. The Petrochemicals Sector provides cracker products such as ethylene and propylene, the Chemicals Sector provides industrial, high-performance and high-purity gases and chemicals for semicon and other industries, the Inorganics Sector provides ceramic products, such as alumina, abrasives, refractory/graphite electrodes and fine carbon products. The Aluminum Sector provides aluminum materials and high-value-added fabricated aluminum, the Electronics Sector provides HD media, compound semiconductors such as ultra high bright LEDs, and rare earth magnetic alloys, and the Advanced Battery Materials Department (ABM) provides lithium-ion battery components. For more information, please visit www.sdk.co.jp/english/.
For further information, contact:
Showa Denko K.K., IR Office, Finance & Accounting Department, Tel: 81-3-5470-3323
Copyright 2022 JCN Newswire. All rights reserved. www.jcnnewswire.comShowa Denko (SDK; TSE:4004) announces that it revises its forecast of consolidated business results for the full year ending on December 31, 2021, which was announced on August 3, 2021.
Tesla Model S vs. Porsche Taycan: The Jury is Still Out
While all full size luxury sedans supposedly compete with each other, the Tesla Model S and Porsche Taycan face off against each other to a greater degree, given that they are the only two electric vehicles in this segment with historical data (the Mercedes-Benz EQS and Lucid Air just launched this past fall and therefore have little data with which to analyze their performances).
A review of the migration patterns of these two full size luxury electric vehicles, as well as their inventory levels and registration volumes, suggests there is substantial marketplace interaction between them.
As shown on the table below, there are three time periods within the past twenty two months when Taycan registrations jumped month over month and, simultaneously, Model S migrations to the Taycan also rose. In April 2020, Taycan registrations jumped 268% to 153, and at the same time the percent of Model S households that migrated to a Taycan rose from .2% to 3.3%, an increase of more than 1,000%.
The same type of dynamic occurred four months later in August 2020, when Taycan registrations climbed 38% month-over-month to 615, and Model S migration to Taycan simultaneously more than doubled (as a percent of total Model S migrations) to 11%.
The third and last of these events, which occurred in August 2021, was the most pronounced of the three. Taycan registrations climbed 44% to 1, 072, and Model S migrations to Taycan, as a percent of Total Model S migrations, more than doubled to 17.3%. This metric actually climbed in September to 21.4%, the highest monthly tally of Model S migrations to Taycan in this 22 month window.
During this third event, note that heightened migration from Model S to Taycan had a substantial impact on Model S fuel type/brand loyalty. In other words, during this series of events last August and September, the percent of Model S households acquiring another EV that returned to Tesla dropped to 22 month lows of 75% and 67.5%, respectively.
Lastly, it is important to bear in mind that these heighted movements from Model S to Taycan occurred at times when Model S registrations were substantially below monthly norms, suggesting limited supplies. With this in mind, it seems to be too early to determine which of these models has the greater appeal to retail consumers. Only when both models' inventories have climbed back to "normal" levels will we be able to see how the market dynamics net out between them.
Latest Intelligence
