Supplementary Data of Consolidated Financial Statements

for the First Quarter Ended June 30, 2021 (IFRS Basis)

July 26, 2021

NITTO DENKO CORPORATION

CONTENTS

Page

Business Results and Forecasts

1

Revenue and Operating Income by Segment

2

Segment Revenue by Location

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, and quarter-on-quarter changes from 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.

1Q, FY2020

(Apr.-Jun.)

4Q, FY2020 (Jan.-Mar.)

FY2020

1Q, FY2021

(Apr.-Jun.)

1H, FY2021 (Apr.-Sep.)

2H, FY2021 (Oct.-Mar.)

FY2021

FY2020

1Q, FY2021

(Apr.-Jun.)

FY2021

Exchange

Rate

Results

FY2020

Result

FY2021

Forecasts

FY2021

Business Results and Forecasts

(Yen in Millions)

Revenue

Operating

Income before

Net Income

Income

Income Taxes

163,310

17,442

17,230

12,053

195,111

17,906

17,931

15,149

Results

761,321

93,809

93,320

70,308

203,715

29,720

29,643

20,870

YoY (%)

24.7

70.4

72.0

73.2

QoQ (%)

4.4

66.0

65.3

37.8

400,000

60,000

60,000

42,000

Forecasts

385,000

45,000

45,000

33,000

785,000

105,000

105,000

75,000

(Yen in Millions)

Capital

Depreciation

R&D

Expenditure

and Amortization

Expenditure

50,597

47,950

35,261

Results

16,172

12,011

9,038

Forecasts

64,000

51,000

37,000

(Yen/1US$)

1Q

2Q

3Q

4Q

Full-year

(Apr.-Jun.)

(Jul.-Sep.)

(Oct.-Dec.)

(Jan.-Mar.)

108.3

106.3

104.8

104.4

105.9

108.9

105.0

105.0

105.0

105.0

105.0

- 1 -

Revenue and Operating Income by Segment

(Yen in Millions)

Results

Forecasts

FY2020

FY2021

1Q

2Q

1H

3Q

4Q

2H

Full-year

1Q (Apr.-Jun.)

1H (Apr.-Sep.)

2H (Oct.-Mar.)

Full-year

(Apr.-Jun.)

(Jul.-Sep.)

(Apr.-Sep.)

(Oct.-Dec.)

(Jan.-Mar.)

(Oct.-Mar.)

YoY

QoQ

YoY

YoY

YoY

(%)

(%)

(%)

(%)

(%)

Industrial

Revenue

58,533

74,439

132,973

83,733

80,373

164,106

297,080

82,542

41.0

2.7

159,000

19.6

161,000

-1.9

320,000

7.7

Tape

Operating Income

1,650

6,820

8,471

12,404

6,436

18,840

27,311

10,717

549.4

66.5

17,000

100.7

19,000

0.8

36,000

31.8

Information

85,782

98,001

183,783

99,437

89,602

189,039

372,822

89,163

3.9

-0.5

173,500

-5.6

168,500

-10.9

342,000

-8.3

Fine Materials

Flexible

10,390

13,539

23,930

16,489

15,643

32,132

56,063

17,563

69.0

12.3

41,500

73.4

34,500

7.4

76,000

35.6

Printed Circuits

Optronics

Revenue

96,173

111,541

207,714

115,926

105,245

221,172

428,886

106,727

11.0

1.4

215,000

3.5

203,000

-8.2

418,000

-2.5

Operating Income

17,717

20,051

37,768

24,865

18,093

42,958

80,727

17,315

-2.3

-4.3

43,500

15.2

33,500

-22.0

77,000

-4.6

Life

Revenue

7,043

6,755

13,799

7,590

8,465

16,055

29,855

11,901

69.0

40.6

21,500

55.8

16,000

-0.3

37,500

25.6

Science

Operating Income

-518

-797

-1,315

-124

-1,570

-1,695

-3,011

3,113

-

-

3,000

-

-974

-

2,026

-

Revenue

5,392

6,407

11,800

6,050

5,415

11,466

23,266

7,037

30.5

29.9

12,000

1.7

12,500

9.0

24,500

5.3

Others

Operating Income

-1,021

-1,342

-2,364

-1,905

-3,226

-5,131

-7,496

-969

-

-

-3,000

-

-2,981

-

-5,981

-

Corporate/

Revenue

-3,832

-4,716

-8,549

-4,829

-4,388

-9,218

-17,767

-4,493

-

-

-7,500

-

-7,500

-

-15,000

-

Elimination

Operating Income

-385

193

-191

-1,704

-1,825

-3,530

-3,722

-457

-

-

-500

-

-3,545

-

-4,045

-

Revenue

163,310

194,427

357,737

208,472

195,111

403,583

761,321

203,715

24.7

4.4

400,000

11.8

385,000

-4.6

785,000

3.1

Total

Operating Income

17,442

24,925

42,367

33,534

17,906

51,441

93,809

29,720

70.4

66.0

60,000

41.6

45,000

-12.5

105,000

11.9

(Yen/1US$)

Exchange Rate

108.3

106.3

107.3

104.8

104.4

104.6

105.9

108.9

105.0

105.0

105.0

(Note) Previously, Industrial Tape was divided into Functional Base Products and Transportation. However, as a result of changes in the management structure from the fiscal year 2021, Functional Base Products and Transportation have been integrated and described as Industrial Tape. Such changes have also been reflected in the figures for the fiscal year 2020.

- 2 -

Segment Revenue by Location

(Yen in Millions)

( % )

1Q, FY2020

4Q, FY2020

1Q, FY2021

YoY

QoQ

(Apr.-Jun.)

(Jan.-Mar.)

(Apr.-Jun.)

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

23,270

3,957

6,405

24,119

57,752

27,612

7,839

10,686

33,415

79,553

28,580

7,599

10,149

35,515

81,845

22.8

92.0

58.5

47.2

41.7

3.5

-3.1

-5.0

6.3

2.9

Information

11,213

-

-

73,740

84,953

11,577

-

-

76,574

88,152

8,255

-

-

79,557

87,812

-26.4

-

-

7.9

3.4

-28.7

-

-

3.9

-0.4

Fine Materials

Flexible

2,457

-

-

7,099

9,557

4,508

-

-

10,304

14,812

6,161

-

-

10,809

16,971

150.7

-

-

52.2

77.6

36.7

-

-

4.9

14.6

Printed Circuits

Optronics

13,670

-

-

80,839

94,510

16,085

-

-

86,879

102,964

14,417

-

-

90,366

104,784

5.5

-

-

11.8

10.9

-10.4

-

-

4.0

1.8

Life Science

1,164

4,933

-

-

6,098

956

6,580

-

-

7,537

3,357

7,559

-

-

10,917

188.3

53.2

-

-

79.0

251.0

14.9

-

-

44.8

Others

393

2,141

648

1,569

4,752

383

2,149

782

1,389

4,705

560

2,834

728

1,804

5,927

42.4

32.4

12.5

14.9

24.7

46.1

31.9

-6.9

29.8

26.0

Adjustments

197

-

-

-

197

350

-

-

-

350

241

-

-

-

241

22.2

-

-

-

22.2

-31.1

-

-

-

-31.1

Revenue Total

38,696

11,031

7,053

106,528

163,310

45,389

16,568

11,468

121,684

195,111

47,157

17,993

10,878

127,686

203,715

21.9

63.1

54.2

19.9

24.7

3.9

8.6

-5.1

4.9

4.4

(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

  • Previously, Industrial Tape was divided into Functional Base Products and Transportation. However, as a result of changes in the management structure from the fiscal year 2021, Functional Base Products and Transportation have been integrated and described as Industrial Tape. Such changes have also been reflected in the figures for the fiscal year 2020.

- 3 -

Revenue to Customers outside Japan

(Yen in Millions)

1Q, FY2020

4Q, FY2020

1Q, FY2021

(Apr.-Jun.)

(Jan.-Mar.)

(Apr.-Jun.)

Americas

Europe

Asia & Oceania

Others

Total

Americas

Europe

Asia & Oceania

Others

Total

Americas

Europe

Asia & Oceania

Others

Total

China

China

China

Revenue to

9,444

8,255

107,802

59,570

302

125,805

13,697

13,336

125,044

65,882

275

152,353

14,881

12,933

132,861

71,754

212

160,888

Customers Outside

Japan

Consolidated

163,310

195,111

203,715

Revenue

Ratio to

5.8%

5.1%

66.0%

36.5%

0.2%

77.0%

7.0%

6.8%

64.1%

33.8%

0.1%

78.1%

7.3%

6.3%

65.2%

35.2%

0.1%

79.0%

Consolidated

Revenue

( % )

YoY

QoQ

Americas

Europe

Asia & Oceania

Others

Total

Americas

Europe

Asia & Oceania

Others

Total

China

China

Revenue to

57.6

56.7

23.2

20.5

-29.8

27.9

8.6

-3.0

6.3

8.9

-23.1

5.6

Customers Outside

Japan

Consolidated

24.7

4.4

Revenue

( pt )

Ratio to

1.5

1.2

-0.8

-1.3

-0.1

2.0

0.3

-0.5

1.1

1.4

0.0

0.9

Consolidated

Revenue

(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

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

y

- 4 -

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Disclaimer

Nitto Denko Corporation published this content on 26 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 July 2021 07:07:04 UTC.