denka co shares fell sharply monday morning after the japanese chemical company cut its fiscalyear guidance citing a sharp fall in demand for its products amid a global economic slowdown the shares were recently 15 lower at 2564 yen after falling as much as 16 earlier denka said friday after market close that it expected net profit to drop 54 from a year earlier to y1200 billion 939 million for the fiscal year ending march down from its previous forecast of y1850 billion the chemical company lowered its fiscalyear revenue estimate to y41000 billion from its previous view of y44500 billion denka said demand for its electronics products and chloroprene rubber is falling sharply due to a sharp slowdown in the global economy denka also lowered its fiscalyear dividend projection to y10000 per share from its previous forecast of y14500 per share owing to the earnings deterioration