Nitto Denko : Supplementary Data

Supplementary Data of Consolidated Financial Statements for the Third Quarter Ended December 31, 2022 (IFRS Basis)

January 26, 2023

NITTO DENKO CORPORATION

CONTENTS

		Page
◆ Business Results and Forecasts	1
◆ Revenue and Operating Income by Segment	2
◆	Segment Revenue by Location (Sell from)	3
◆	Revenue to Customers outside Japan	4

（Note） In the amounts of money in this document, fractions below the shown figures are omitted. Percentages(%) are rounded to the nearest decimal point.

In this document, year-on-year changes from same period in the previous year are shown as YoY, quarter- on-quarter changes from the previous quarter are shown as QoQ.

Forward-looking statements such as those relating to earnings forecasts and other projections contained in this material are management's current assumptions and beliefs based on currently available information. Such forward-looking statements are subject to a number of risks, uncertainties and other factors. Accordingly, actual results may differ materially from those projected due to various factors.

Business Results and Forecasts

3Q, FY2021 (Oct.-Dec.)

9 months, FY2021

(Apr.-Dec.)

2H, FY2021 (Oct.-Mar.)

FY2021

2Q, FY2022

(Jul.-Sep.)

3Q, FY2022 (Oct.-Dec.)

9 months, FY2022

(Apr.-Dec.)

2H, FY2022 (Oct.-Mar.)

FY2022

2H, FY2022 (Oct.-Mar.)

FY2022

FY2021

9 months, FY2022

(Apr.-Dec.)

FY2022

Exchange

Rate

Results

FY2021

Results

FY2022

Forecasts FY2022

as of Oct. 26

Forecasts FY2022

as of Jan. 26

Results

YoY (%)

QoQ (%)

Results

YoY (%)

Forecasts

as of Oct. 26

Forecasts

as of Jan. 26

Results

Forecasts

as of Oct. 26

Forecasts

as of Jan. 26

1Q

(Apr.-Jun.)

108.9

126.0

			(Yen in Millions)
Revenue	Operating Income	Income before	Net Income
Income Taxes
220,319	35,525	36,020	25,786
646,271	108,334	108,669	77,976
427,497	59,452	59,730	45,044
853,448	132,260	132,378	97,234
268,540	53,758	53,360	36,984
254,070	45,439	45,362	32,396
15.3	27.9	25.9	25.6
-5.4	-15.5	-15.0	-12.4
738,979	137,718	137,397	95,838
14.3	27.1	26.4	22.9
470,090	67,720	67,964	51,557
955,000	160,000	160,000	115,000
455,090	52,720	52,964	36,557
940,000	145,000	145,000	100,000
		(Yen in Millions)
Capital	Depreciation	R&D
Expenditure	and Amortization	Expenditure
56,496	50,211	37,271
32,631	42,232	30,718
60,000	55,000	41,000
60,000	55,000	41,000
			(Yen/1US$)
2Q	3Q	4Q	Full-year
(Jul.-Sep.)	(Oct.-Dec.)	(Jan.-Mar.)
110.3	113.1	114.7	111.8
136.6	144.0
	120.0	120.0	125.7
		133.3	135.0

- 1 -

Revenue and Operating Income by Segment

																											(Yen in Millions)
									Results												Forecasts
					FY2021							FY2022				FY2022					FY2022
														as of Oct. 26				as of Jan. 26
													3Q (Oct.-Dec.)		9 months			4Q (Jan.-Mar.)		2H (Oct.-Mar.)		Full-year
		1Q	2Q	1H	3Q	9 months	4Q	2H	Full-year	1Q	2Q	1H		(Apr.-Dec.)	2H	Full-year
		(Apr.-Jun.)	(Jul.-Sep.)	(Apr.-Sep.)	(Oct.-Dec.)	(Apr.-Dec.)	(Jan.-Mar.)	(Oct.-Mar.)		(Apr.-Jun.)	(Jul.-Sep.)	(Apr.-Sep.)		YoY	QoQ		YoY	(Oct.-Mar.)			YoY	QoQ		YoY	Change from		YoY	Change from
														(%)	(%)		(%)				(%)	(%)		(%)	Forecasts as of		(%)	Forecasts as of
																			Oct. 26 (%)		Oct. 26 (%)
Industrial	Revenue	79,607	80,188	159,796	81,282	241,079	78,221	159,504	319,301	80,565	90,295	170,860	91,404	12.5	1.2	262,265	8.8	169,139	340,000	77,734	-0.6	-15.0	169,139	6.0	0.0	340,000	6.5	0.0
Tape	Operating Income
	10,268	10,078	20,346	9,548	29,895	7,913	17,462	37,809	8,092	8,584	16,677	7,841	-17.9	-8.7	24,518	-18.0	20,322	37,000	5,481	-30.7	-30.1	13,322	-23.7	-34.4	30,000	-20.7	-18.9
	Information	89,163	95,912	185,076	91,124	276,200	87,499	178,623	363,699	84,804	111,709	196,513	104,959	15.2	-6.0	301,473	9.2	183,486	380,000	71,026	-18.8	-32.3	175,986	-1.5	-4.1	372,500	2.4	-2.0
	Fine Materials
	Flexible	17,563	27,333	44,897	27,974	72,872	22,980	50,955	95,852	26,627	35,251	61,879	30,631	9.5	-13.1	92,510	26.9	58,120	120,000	24,989	8.7	-18.4	55,620	9.2	-4.3	117,500	22.6	-2.1
	Printed Circuits
Optronics
	Revenue	106,727	123,246	229,973	119,099	349,072	110,479	229,579	459,552	111,432	146,960	258,393	135,591	13.8	-7.7	393,984	12.9	241,606	500,000	96,015	-13.1	-29.2	231,606	0.9	-4.1	490,000	6.6	-2.0
	Operating Income	17,315	30,771	48,087	25,989	74,076	22,522	48,512	96,599	25,669	46,934	72,604	41,904	61.2	-10.7	114,508	54.6	57,395	130,000	10,491	-53.4	-75.0	52,395	8.0	-8.7	125,000	29.4	-3.8
	Life Science	11,901	13,543	25,444	14,284	39,729	12,229	26,513	51,958	17,945	12,127	30,072	13,231	-7.4	9.1	43,303	9.0	21,427	51,500	9,196	-24.8	-30.5	22,427	-15.4	4.7	52,500	1.0	1.9
	Membrane	7,037	6,960	13,998	7,068	21,067	6,629	13,698	27,696	7,840	9,067	16,907	8,989	27.2	-0.9	25,896	22.9	14,592	31,500	6,603	-0.4	-26.5	15,592	13.8	6.9	32,500	17.3	3.2
Human	Personal Care	3,237	2,649	5,886	3,151	9,038	3,508	6,659	12,546	3,407	15,668	19,076	14,496	360.0	-7.5	33,572	271.5	32,423	51,500	14,427	311.2	-0.5	28,923	334.3	-10.8	48,000	282.6	-6.8
Life	Materials
	Revenue	22,176	23,154	45,330	24,504	69,834	22,367	46,871	92,202	29,192	36,863	66,055	36,716	49.8	-0.4	102,772	47.2	68,444	134,500	30,227	35.1	-17.7	66,944	42.8	-2.2	133,000	44.2	-1.1
	Operating Income	3,954	3,645	7,600	3,063	10,663	-3,430	-367	7,233	5,263	156	5,420	1,124	-63.3	618.0	6,544	-38.6	-1,420	4,000	-5,044	-	-	-3,920	-	-	1,500	-79.3	-62.5
	Revenue	-	-	-	-	-	1	1	1	0	0	1	2	-	192.6	4	-	0	2	0	-66.6	-77.5	3	82.2	1034.5	5	176.9	150.0
Others
	Operating Income	-1,361	-1,373	-2,735	-2,011	-4,746	-1,185	-3,197	-5,932	-1,382	-1,341	-2,723	-1,509	-	-	-4,232	-	-3,776	-6,500	-2,267	-	-	-3,776	-	-	-6,500	-	-
	Revenue	-4,795	-4,353	-9,149	-4,566	-13,715	-3,893	-8,459	-17,609	-4,822	-5,579	-10,402	-9,645	-	-	-20,047	-	-9,099	-19,502	-2,957	-	-	-12,602	-	-	-23,005	-	-
Corporate/
Elimination
	Operating Income	-457	-33	-490	-1,064	-1,555	-1,894	-2,958	-3,449	876	-575	300	-3,922	-	-	-3,621	-	-4,800	-4,500	-1,378	-	-	-5,300	-	-	-5,000	-	-
	Revenue	203,715	222,235	425,951	220,319	646,271	207,177	427,497	853,448	216,368	268,540	484,909	254,070	15.3	-5.4	738,979	14.3	470,090	955,000	201,020	-3.0	-20.9	455,090	6.5	-3.2	940,000	10.1	-1.6
Total
	Operating Income	29,720	43,088	72,808	35,525	108,334	23,926	59,452	132,260	38,520	53,758	92,279	45,439	27.9	-15.5	137,718	27.1	67,720	160,000	7,281	-69.6	-84.0	52,720	-11.3	-22.1	145,000	9.6	-9.4
																											(Yen/1US$)
Exchange Rate	108.9	110.3	109.6	113.1	110.9	114.7	113.9	111.8	126.0	136.6	131.3	144.0			135.3		120.0	125.7	133.3			138.6			135.0
(Note)	Some changes have been made to reporting segments as follows.

1. The personal care components business of Mondi, acquired in the first quarter of FY2022, will be newly established as "Personal Care Materials" in the "Human Life".
2. Certain related businesses has been transferred from "Industrial Tape" to "Personal Care Materials". Such changes have been reflected in the figures for FY2021, 1Q of FY2022.

- 2 -

Segment Revenue by Location (Sell from)

															(Yen in Millions)										( % )
				3Q, FY2021					2Q, FY2022					3Q, FY2022					YoY					QoQ
				(Oct.-Dec.)					(Jul.-Sep.)					(Oct.-Dec.)
		Japan	Americas	Europe	Asia &	Total	Japan	Americas	Europe	Asia &	Total	Japan	Americas	Europe	Asia &	Total	Japan	Americas	Europe	Asia &	Total	Japan	Americas	Europe	Asia &	Total
		(EMEA)	Oceania	(EMEA)	Oceania	(EMEA)	Oceania	(EMEA)	Oceania	(EMEA)	Oceania
Industrial Tape	30,867	7,610	6,260	35,703	80,442	29,587	9,898	7,003	42,498	88,988	30,784	10,248	6,842	42,269	90,145	-0.3	34.7	9.3	18.4	12.1	4.0	3.5	-2.3	-0.5	1.3
Information	5,552	-	-	84,325	89,878	6,166	-	-	103,940	110,107	6,958	-	-	92,400	99,359	25.3	-	-	9.6	10.5	12.8	-	-	-11.1	-9.8
Fine Materials
Flexible		12,426	-	-	14,799	27,225	16,623	-	-	18,058	34,682	17,312	-	-	12,891	30,204	39.3	-	-	-12.9	10.9	4.1	-	-	-28.6	-12.9
Printed Circuits
Optronics		17,979	-	-	99,124	117,104	22,790	-	-	121,998	144,789	24,270	-	-	105,292	129,563	35.0	-	-	6.2	10.6	6.5	-	-	-13.7	-10.5
Life Science	921	12,180	-	-	13,102	1,100	9,958	0	-	11,058	1,255	10,768	0	-	12,024	36.3	-11.6	-	-	-8.2	14.1	8.1	-31.8	-	8.7
Membrane	624	2,528	1,272	2,032	6,458	567	3,423	1,424	2,666	8,082	689	3,312	1,606	2,299	7,909	10.4	31.0	26.3	13.2	22.5	21.5	-3.2	12.8	-13.8	-2.1
Personal Care	-	-	2,964	-	2,964	0	1,151	13,989	137	15,279	-	1,229	12,708	193	14,130	-	-	328.7	-	376.7	-	6.8	-9.2	40.1	-7.5
Materials
Human Life	1,546	14,709	4,236	2,032	22,524	1,668	14,532	15,414	2,804	34,421	1,945	15,310	14,315	2,493	34,064	25.8	4.1	237.9	22.7	51.2	16.6	5.4	-7.1	-11.1	-1.0
Others		-	-	-	-	-	0	-	-	-	0	2	-	-	-	2	-	-	-	-	-	192.6	-	-	-	192.6
Adjustments	248	-	-	-	248	340	0	-	-	340	289	4	-	-	294	16.6	-	-	-	18.6	-14.9	8870.4	-	-	-13.5
Revenue Total	50,642	22,319	10,497	136,860	220,319	54,388	24,431	22,417	167,302	268,540	57,292	25,564	21,157	150,055	254,070	13.1	14.5	101.6	9.6	15.3	5.3	4.6	-5.6	-10.3	-5.4
															(Yen in Millions)					( % )
			9 months, FY2021								9 months, FY2022				YoY
				(Apr.-Dec.)										(Apr.-Dec.)
		Japan	Americas	Europe	Asia &	Total						Japan	Americas	Europe	Asia &	Total	Japan	Americas	Europe	Asia &	Total
		(EMEA)	Oceania						(EMEA)	Oceania	(EMEA)	Oceania
Industrial Tape	88,227	22,563	19,591	108,180	238,562						88,126	29,116	20,905	120,436	258,584	-0.1	29.0	6.7	11.3	8.4
Information	24,006	-	-	248,334	272,341						19,796	-	-	273,209	293,006	-17.5	-	-	10.0	7.6
Fine Materials
Flexible		30,417	-	-	40,585	71,003						45,527	-	-	45,533	91,060	49.7	-	-	12.2	28.2
Printed Circuits
Optronics		54,424	-	-	288,919	343,344						65,323	-	-	318,742	384,066	20.0	-	-	10.3	11.9
Life Science	5,001	31,504	-	-	36,506						3,339	36,448	2	-	39,790	-33.2	15.7	-	-	9.0
Membrane	1,669	8,178	3,068	5,682	18,598						1,841	9,890	4,305	7,000	23,038	10.3	20.9	40.3	23.2	23.9
Personal Care	-	-	8,422	-	8,422						0	2,380	29,915	331	32,628	-	-	255.2	-	287.4
Materials
Human Life	6,671	39,682	11,490	5,682	63,527						5,182	48,719	34,223	7,331	95,456	-22.3	22.8	197.8	29.0	50.3
Others		-	-	-	-	-						4	-	-	-	4	-	-	-	-	-
Adjustments	835	-	-	-	835						861	6	-	-	867	3.0	-	-	-	3.7
Revenue Total	150,159	62,246	31,082	402,783	646,271						159,498	77,841	55,128	446,510	738,979	6.2	25.1	77.4	10.9	14.3
(Note)	1	Major countries or regions excluding Japan are represented as follows:

Americas : U.S.A., Mexico, Brazil

Europe (EMEA) : Belgium, France, Germany, Sweden, Turkey, Africa

Asia & Oceania : China, Korea, Taiwan, Singapore, Malaysia, Hong Kong, Thailand, Vietnam

• Some changes have been made to reporting segments as follows.
• 1. The personal care components business of Mondi, acquired in the first quarter of FY2022, will be newly established as "Personal Care Materials" in the "Human Life".
  2. Certain related businesses has been transferred from "Industrial Tape" to "Personal Care Materials". Such changes have been reflected in the figures for FY2021, 1Q of FY2022.

- 3 -

Revenue to Customers outside Japan

																	(Yen in Millions)												(%)
			3Q, FY2021					2Q, FY2022					3Q, FY2022					YoY						QoQ
			(Oct.-Dec.)					(Jul.-Sep.)					(Oct.-Dec.)
	Americas	Europe	Asia & Oceania	Others	Total	Americas	Europe	Asia & Oceania	Others	Total	Americas	Europe	Asia & Oceania	Others	Total	Americas	Europe	Asia & Oceania	Others	Total	Americas	Europe	Asia & Oceania	Others	Total
				China						China						China						China						China
Revenue to	19,513	11,567	145,518	77,682	584	177,183	23,455	21,436	177,902	100,758	1,296	224,091	24,486	20,349	166,113	93,498	1,014	211,963	25.5	75.9	14.2	20.4	73.6	19.6	4.4	-5.1	-6.6	-7.2	-21.8	-5.4
Customers outside
Japan
Consolidated						220,319						268,540						254,070						15.3						-5.4
Revenue

																			(%)												(pt)
Ratio to		8.9	5.3	66.0	35.3	0.3	80.4	8.7	8.0	66.2	37.5	0.5	83.4	9.6	8.0	65.4	36.8	0.4	83.4	0.7	2.7	-0.6	1.5	0.1	3.0	0.9	0.0	-0.8	-0.7	-0.1	0.0
Consolidated
Sales
																		(Yen in Millions)						(%)
				9 months, FY2021											9 months, FY2022					YoY
				(Apr.-Dec.)											(Apr.-Dec.)
		Americas	Europe	Asia & Oceania	Others	Total							Americas	Europe	Asia & Oceania	Others	Total	Americas	Europe	Asia & Oceania	Others	Total
					China												China						China
Revenue to	54,638	34,971	426,858	230,606	1,109	517,578							73,191	54,554	480,187	267,520	2,927	610,860	34.0	56.0	12.5	16.0	163.9	18.0
Customers Outside
Japan
Consolidated						646,271												738,979						14.3
Revenue
																			(%)						(pt)
Ratio to		8.5	5.4	66.0	35.7	0.2	80.1							9.9	7.4	65.0	36.2	0.4	82.7	1.4	2.0	-1.0	0.5	0.2	2.6
Consolidated
Sales
																												y
(Note)	1 Major countries or regions are represented as follows:

Americas : U.S.A., Mexico, Brazil

Europe: Belgium, France, Germany, Sweden, Turkey

Asia & Oceania : China, Korea, Taiwan, Singapore, Malaysia, Hong Kong, Thailand, Vietnam

Others: African countries

• Revenue to customers outside Japan is the revenue from customers outside Japan by the Company and its consolidated subsidiaries.

- 4 -