Resonac Corporation (Formerly Showa Denko Materials Co., Ltd.)

Company Profile

■URL

https://www.resonac.com/

■Address

Tokyo Shiodome Building, 1-9-1 Higashishinbashi, Minato-ku, Tokyo 105-7325, Japan

Business Overview

-Resonac, a major chemical manufacturers, was formed out of the 2023 merger of Showa Denko and Showa Denko Materials (formerly Hitachi Chemicals)

-The Group operates under a holding-company system.

  • Reconac Holdings Co., Ltd. (Formerly Showa Denko Co., Ltd.)
  • Resonac Co., Ltd. (Operating company formerly named Showa Denko Materials Co., Ltd.)
     

-The Company operates in the following four business segments

Segment Business details
Semiconductors/electronic materials Manufacture and sales of semiconductor pre-processing and post-processing materials, device solutions
Mobility Manufacture and sale of automotive parts and lithium-ion-battery materials
Innovation materials Manufacture and sale of functional chemical products, functional resins, coating materials, ceramic-aluminum functional parts
Chemicals Manufacture and sale of petroleum chemicals, chemicals, elemental chemicals, graphite electrodes

Shareholders

-Resonac Holdings listed on the Prime Market of the Tokyo Stock Exchange (As of Dec. 31, 2022)
Major Shareholders Shareholding (%)
The Master Trust Bank of Japan ,Ltd. (Trust account) 15.51
KOREA SECURITIES DEPOSITORY-SAMSUNG 5.00
Custody Bank of Japan, Ltd. (Trust account) 4.23
STATE STREET BANK AND TRUST COMPANY 510312 2.70
STATE STREET BANK AND TRUST COMPANY 505223 2.67
Fukoku Mutual Life Insurance Company 2.49
JP Morgan Japan 2.47
STATE STREET BANK AND TRUST COMPANY 510311 2.28
SMBC Nikko Securities Inc. 1.68
HSBC BANK PLC A/C M AND G (ACS) 1.57
Total 40.61

Products

Molded parts
Exterior molded parts
-Bumpers
-Rear spoilers
-Front lids, Fenders

Interior molded parts
-Instrumental panels
-Consoles
-Door trims
-Floor boards

Rear-door modules

Engine peripheral parts
-Battery trays; glass fiber, reinforced thermoplastic resin
-Intake manifolds; thermoplastic resin
-Molded inserts used for IPM housings

Thermoplastic moldings
-Small precision moldings
-Injection moldings and deposition moldings

Thermosetting moldings
-Precision moldings

  • Impellers for fuel pumps
  • Pulleys
  • Spacers for thermal insulation
  • Phenol SMC moldings

Sheet-formed products
-Multi-layer sheet "Polysheet Lamistack"
-Olfin-based sheet "Polysheet PW"
-Styrene-based sheet Polysheet for automotive exterior equipment
-High-luminance, metal look plastic sheets "Sparkle"

Interior and exterior films
-SPD (Suspended Particle Device) Film "LCF-1103DHA"
-Aqueous acrylic resin for automotive paints
-Protective film for automotive bodies

Friction materials
-Disc brake pads
-Brake assemblies

Automotive batteries
 

Powder metal products
Bearings
-Bearings for low sliding velocity and high load
-High performance iron-bronze bearings
-Magnetic fluid bearings
-High performance bearings for spindle motors
-Bearings with complex shape

 
Automotive Parts
-Silicon carbide (SiC) ceramics "Hexoloy"
-Varnish
-Electric automotive brushes
-Carbon sliding parts "HITALOCK"
-High strength plastic gears
-Thermoplastic-formed parts
-Materials for lithium-ion batteries

History

Resonac Holdings History (Formerly Showa Denki Co., Ltd.)

Dec. 1908 Established Sobo Marine Products Co., Ltd. for the purpose of manufacturing and selling iodine
Apr. 1921 Established Takada Aluminum Equipment Manufacturing Co,, Ltd. (later named Showa Aluminum Co., Ltd.)
Oct. 1926 Established Nihon Iodine Co., Ltd.
Oct. 1928 Established Showa Fertilizers
Mar. 1934 Renamed Japan Iodoine to Nihon Showa Kogyo Co., Ltd.
Nov. 1937 Established Riken Kohaku Co., Ltd. (later Showa Hipolymer Co., Ltd.)
Jun. 1939 Established Showa Denko from both Showa Denki. and Showa Fertilizers
May 1949 Listed on the Tokyo Stock Exchange
Oct. 1962 Established Hitachi Chemical Industry (later renamed to Hitachi Chemicals)
Feb. 1966 Established Chidori Kogyo (currently Kanagawa Business Office)
Apr. 1969 Launch of commercial operations at Oita Petrochemical Complex.
Jul. 1988 Acquired the graphite electrode business from the B.O.C Group in the United States, and established Showa Denko Carbon, Inc. (currently Resonac Graphite America Inc.)
Mar. 2001 Merged with Showa Aluminum Co. Ltd.
Jan. 2003 Acquired the hard-disc business from Mitsubishi Chemicals Group (currently Resonac HD Singapore Pte. Ltd.)
Jul. 2003 Listed as one business on the Tokyo Stock Exchange
Jul. 2004 Invested in Trace Storage Technology of Taiwan, a hard-disc manufacturer, turning it into a consolidated subsidiary (currently Showa Denko HD Trace Corporation)
Jul. 2009 Acquired the hard disk business of Fujitsu Limited (currently Resonac HD Yamagata Co., Ltd.)
Dec. 2009 Turned Showa Gas Co., Ltd. into a wholly owned subsidiary (currently Resonac Gas Products).
Jul. 2010 Merged Showa Hipolymer Co., Ltd.
Sep. 2016 Turned Sun Aroma Co., Ltd., a Synthetic resin polypropylene business, into a consolidated subsidiary
Oct. 2017 Acquired SGL GE Holding GmbH engaged in the graphite electrode business (currently Resonac Europe GmbH)
2020 Acquired Hitachi Chemicals and changed the name to Shows Denko Materials Co., Ltd.
Apr. 2022 Moved from the 1st Section to the Prime Market of the Tokyo Stock Exchange due to the TSE's reorganization.
Jan. 2023 Adopted the corporate name Resonac Holdings, after changing to a holding company. The name of Showa Denko Materials, a consolidated subsidiary, was changed to Resonac. And inherited all of Showa’s businesses.

Supplemental Information 1