Nitto Denko : Supplementary Data of Consolidated Financial Statements for the Year Ended March 31, 2021 (IFRS Basis)

Supplementary Data of Consolidated Financial Statements

for the Year Ended March 31, 2021 (IFRS Basis)

	April 26, 2021
NITTO DENKO CORPORATION
CONTENTS
	Page
◆ Summary of Results and Forecasts	1
◆ Management Indices	1
◆ Business Results and Forecasts	2
◆ Revenue and Operating Income by Segment	3
◆ Revenue and Operating Income Forecasts by Segment	4
◆ Segment Revenue by Location	5
◆ Revenue to Customers outside Japan	6

（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.

Summary of Results and Forecasts

Revenue

Operating Income

Income before

Income Taxes

Net Income

Basic Earnings Per Share

Dividend Payout Ratio

ROA

ROE

Operating Income to Revenue

Shareholders' Equity to Total Assets

Depreciation and Amortization

Capital Expenditure

R & D Expenditures

Exchange Rate

(Average Rate)

Unit

Yen in Millions

Yen in Millions

Yen in Millions

Yen in Millions

Yen

％

％

％

％

％

Yen in Millions

Yen in Millions

Yen in Millions

Yen/1US$

Consolidated		Consolidated
Results		Forecasts
FY2019	FY2020	FY2021
741,018	761,321	785,000
69,733	93,809	105,000
69,013	93,320	105,000
47,224	70,308	75,000
301.32	472.71	506.87
66.4	42.3	43.4
5.1	7.4	7.6
6.8	10.0	10.2
9.4	12.3	13.4
74.8	74.1	75.2
49,390	47,950	51,000
58,930	50,597	64,000
33,765	35,261	37,000
109.1	105.9	105.0

• ROA Ratio of profit attributable to owners of the parent company to total assets ROE Return on equity attributable to owners of the parent company

Management Indices

(%)					ROA
20					ROE
16					Operating Income to Revenue
12
8
4
0
16/3	17/3	18/3	19/3	20/3	21/3	22/3 (Forecasts)
			- 1 -

1H, FY2019 (Apr.-Sep.)

2H, FY2019 (Oct.-Mar.)

FY2019

1H, FY2020 (Apr.-Sep.)

2H, FY2020 (Oct.-Mar.)

FY2020

1H, FY2021 (Apr.-Sep.)

FY2021

FY2019

FY2020

FY2021

Exchange

Rate

Results

FY2019

Results

FY2020

Forecasts FY2020

as of Jan. 26

Forecasts

FY2021

Business Results and Forecasts

				(Yen in Millions)
	Revenue	Operating Income	Income before	Net Income
	Income Taxes
	378,285	41,102	41,016	29,162
	362,732	28,631	27,996	18,061
	741,018	69,733	69,013	47,224
Results
	357,737	42,367	41,822	30,573
	403,583	51,441	51,498	39,734
	761,321	93,809	93,320	70,308
YoY (%)	2.7	34.5	35.2	48.9
	400,000	60,000	60,000	42,000
Forecasts
	785,000	105,000	105,000	75,000
			(Yen in Millions)
	Capital	Depreciation	R&D
	Expenditure	and Amortization	Expenditure
	58,930	49,390	33,765
Results
	50,597	47,950	35,261
Forecasts	64,000	51,000	37,000
				(Yen/1US$)
1Q	2Q	3Q	4Q	Full-year
(Apr.-Jun.)	(Jul.-Sep.)	(Oct.-Dec.)	(Jan.-Mar.)
110.7	107.3	108.5	109.9	109.1
108.3	106.3	104.8	104.4	105.9
			103.6	106.0
105.0	105.0	105.0	105.0	105.0

- 2 -

Revenue and Operating Income by Segment

																									(Yen in Millions)
													Results												Forecasts
						FY2019										FY2020							FY2020 as of Jan. 26
			1Q	2Q	1H	3Q	4Q	2H	Full-year	1Q	2Q	1H	3Q		4Q (Jan.-Mar.)		2H (Oct.-Mar.)		Full-year		4Q	2H	Full-year
			(Apr.-Jun.)	(Jul.-Sep.)	(Apr.-Sep.)	(Oct.-Dec.)	(Jan.-Mar.)	(Oct.-Mar.)		(Apr.-Jun.)	(Jul.-Sep.)	(Apr.-Sep.)	(Oct.-Dec.)		YoY	QoQ	Change from		YoY	Change from		YoY	Change from	(Jan.-Mar.)	(Oct.-Mar.)
															(%)	(%)	Forecasts (%)		(%)	Forecasts (%)		(%)	Forecasts (%)
		Functional	43,717	47,247	90,964	46,242	44,011	90,254	181,218	40,154	47,212	87,366	51,942	47,996	9.1	-7.6	9.9	99,939	10.7	4.5	187,305	3.4	2.4	43,691	95,633	183,000
		Base Products
Industrial		Transportation	36,084	36,189	72,274	34,387	30,683	65,071	137,345	20,746	29,868	50,614	35,218	35,924	17.1	2.0	5.1	71,142	9.3	2.5	121,757	-11.3	1.5	34,166	69,385	120,000
Tape		Revenue
		79,801	83,436	163,238	80,630	74,694	155,325	318,564	60,900	77,080	137,981	87,160	83,921	12.4	-3.7	7.8	171,081	10.1	3.7	309,063	-3.0	2.0	77,858	165,018	303,000
	Operating Income	5,567	7,960	13,527	6,143	854	6,997	20,525	1,650	6,820	8,471	12,404	6,436	653.6	-48.1	-	18,840	169.2	63.4	27,311	33.1	36.6	-875	11,528	20,000
		Information	81,408	101,132	182,541	94,724	77,744	172,468	355,009	85,782	98,001	183,783	99,437	89,602	15.3	-9.9	3.3	189,039	9.6	1.5	372,822	5.0	0.8	86,779	186,216	370,000
		Fine Materials
		Flexible	9,794	10,835	20,629	11,825	10,835	22,660	43,289	10,390	13,539	23,930	16,489	15,643	44.4	-5.1	0.4	32,132	41.8	0.2	56,063	29.5	0.1	15,579	32,069	56,000
		Printed
Optronics		Circuits
	Revenue	91,203	111,967	203,170	106,550	88,579	195,129	398,299	96,173	111,541	207,714	115,926	105,245	18.8	-9.2	2.8	221,172	13.3	1.3	428,886	7.7	0.7	102,358	218,285	426,000
	Operating Income	11,051	19,909	30,961	16,182	10,151	26,333	57,294	17,717	20,051	37,768	24,865	18,093	78.2	-27.2	14.0	42,958	63.1	5.5	80,727	40.9	2.8	15,866	40,731	78,500
Life		Revenue	5,856	6,896	12,752	7,305	7,070	14,376	27,129	7,043	6,755	13,799	7,590	8,465	19.7	11.5	-11.9	16,055	11.7	-6.7	29,855	10.0	-3.7	9,610	17,200	31,000
Science	Operating Income
	-1,424	-547	-1,971	56	-631	-574	-2,546	-518	-797	-1,315	-124	-1,570	-	-	-	-1,695	-	-	-3,011	-	-	1,940	1,815	500
		Revenue	7,639	6,621	14,260	5,725	6,957	12,683	26,943	5,392	6,407	11,800	6,050	5,415	-22.2	-10.5	-4.1	11,466	-9.6	-2.0	23,266	-13.6	-1.0	5,649	11,699	23,500
Others
Operating Income	-26	-821	-847	-838	-936	-1,775	-2,622	-1,021	-1,342	-2,364	-1,905	-3,226	-	-	-	-5,131	-	-	-7,496	-	-	-1,230	-3,135	-5,500
		Revenue	-7,261	-7,874	-15,136	-7,762	-7,020	-14,782	-29,918	-6,199	-7,357	-13,557	-8,256	-7,936	-	-	-	-16,193	-	-	-29,750	-	-	-6,686	-14,942	-28,500
Corporate/
Elimination	Operating Income	-290	-276	-567	-2,449	100	-2,349	-2,916	-385	193	-191	-1,704	-1,825	-	-	-	-3,530	-	-	-3,722	-	-	-1,603	-3,308	-3,500
		Revenue	177,238	201,046	378,285	192,450	170,282	362,732	741,018	163,310	194,427	357,737	208,472	195,111	14.6	-6.4	3.3	403,583	11.3	1.6	761,321	2.7	0.8	188,789	397,262	755,000
Total
Operating Income	14,877	26,224	41,102	19,093	9,537	28,631	69,733	17,442	24,925	42,367	33,534	17,906	87.8	-46.6	27.0	51,441	79.7	8.0	93,809	34.5	4.2	14,097	47,632	90,000
																									(Yen/1US$)
Exchange Rate	110.7	107.3	109.0	108.5	109.9	109.2	109.1	108.3	106.3	107.3	104.8	104.4				104.6			105.9			103.6	104.2	106.0
(Note)	From fiscal year 2020, partial changes have been made to reporting segments with change of management system, and the changes are reflected in the figures for the fiscal year 2019.

- 3 -

Revenue and Operating Income Forecasts by Segment

												(Yen in Millions)
					Results of FY2020					Forecasts of FY2021
			1Q	2Q	1H	3Q	4Q	2H	Full-year	1H		Full-year
			(Apr.-Jun.)	(Jul.-Sep.)	(Apr.-Sep.)	(Oct.-Dec.)	(Jan.-Mar.)	(Oct.-Mar.)		(Apr.-Sep.)	YoY(%)		YoY(%)
Industrial		Revenue	58,533	74,439	132,973	83,733	80,373	164,106	297,080	159,000	19.6	320,000	7.7
Tape		Operating Income	1,650	6,820	8,471	12,404	6,436	18,840	27,311	17,000	100.7	36,000	31.8
		Information	85,782	98,001	183,783	99,437	89,602	189,039	372,822	173,500	-5.6	342,000	-8.3
		Fine Materials
		Flexible	10,390	13,539	23,930	16,489	15,643	32,132	56,063	41,500	73.4	76,000	35.6
		Printed Circuits
Optronics
	Revenue	96,173	111,541	207,714	115,926	105,245	221,172	428,886	215,000	3.5	418,000	-2.5
		Operating Income	17,717	20,051	37,768	24,865	18,093	42,958	80,727	43,500	15.2	77,000	-4.6
Life		Revenue	7,043	6,755	13,799	7,590	8,465	16,055	29,855	21,500	55.8	37,500	25.6
Science		-518	-797	-1,315	-124	-1,570	-1,695	-3,011	3,000	-	2,026	-
		Operating Income
		Revenue	5,392	6,407	11,800	6,050	5,415	11,466	23,266	12,000	1.7	24,500	5.3
Others
	-1,021	-1,342	-2,364	-1,905	-3,226	-5,131	-7,496	-3,000	-	-5,981	-
		Operating Income
Corporate/		Revenue	-3,832	-4,716	-8,549	-4,829	-4,388	-9,218	-17,767	-7,500	-	-15,000	-
Elimination		-385	193	-191	-1,704	-1,825	-3,530	-3,722	-500	-	-4,045	-
		Operating Income
		Revenue	163,310	194,427	357,737	208,472	195,111	403,583	761,321	400,000	11.8	785,000	3.1
Total
	17,442	24,925	42,367	33,534	17,906	51,441	93,809	60,000	41.6	105,000	11.9
		Operating Income
													(Yen/1US$)
Exchange Rate	108.3	106.3	107.3	104.8	104.4	104.6	105.9	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.

- 4 -

Segment Revenue by Location

																	(Yen in Millions)										( % )
						4Q, FY2019					3Q, FY2020					4Q, FY2020					YoY					QoQ
						(Jan.-Mar.)					(Oct.-Dec.)					(Jan.-Mar.)
				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
	Functional		16,883	1,762	6,502	16,900	42,049	19,430	1,341	6,437	22,446	49,655	17,498	1,550	7,049	19,791	45,889	3.6	-12.0	8.4	17.1	9.1	-9.9	15.6	9.5	-11.8	-7.6
	Base Products
	Transportation		9,747	6,828	3,406	9,183	29,165	11,692	6,037	3,390	11,921	33,041	10,114	6,288	3,637	13,623	33,663	3.8	-7.9	6.8	48.4	15.4	-13.5	4.2	7.3	14.3	1.9
	Industrial Tape		26,631	8,591	9,908	26,083	71,214	31,122	7,379	9,827	34,367	82,697	27,612	7,839	10,686	33,415	79,553	3.7	-8.8	7.8	28.1	11.7	-11.3	6.2	8.7	-2.8	-3.8
	Information		7,142	-	-	69,581	76,723	9,658	-	-	88,210	97,868	11,577	-	-	76,574	88,152	62.1	-	-	10.1	14.9	19.9	-	-	-13.2	-9.9
	Fine Materials
	Flexible			2,269	-	-	7,637	9,906	5,587	-	-	9,936	15,523	4,508	-	-	10,304	14,812	98.6	-	-	34.9	49.5	-19.3	-	-	3.7	-4.6
	Printed Circuits
	Optronics			9,412	-	-	77,218	86,630	15,245	-	-	98,147	113,392	16,085	-	-	86,879	102,964	70.9	-	-	12.5	18.9	5.5	-	-	-11.5	-9.2
	Life Science		1,284	4,773	-	-	6,057	714	5,778	-	-	6,492	956	6,580	-	-	7,537	-25.5	37.9	-	-	24.4	33.9	13.9	-	-	16.1
	Others			539	3,733	812	1,006	6,091	587	2,491	1,204	1,382	5,666	383	2,149	782	1,389	4,705	-28.9	-42.4	-3.7	38.2	-22.8	-34.7	-13.8	-35.1	0.5	-17.0
	Adjustments		287	-	-	-	287	223	-	-	-	223	350	-	-	-	350	21.9	-	-	-	21.9	57.1	-	-	-	57.1
	Revenue Total		38,155	17,097	10,721	104,307	170,282	47,892	15,649	11,032	133,897	208,472	45,389	16,568	11,468	121,684	195,111	19.0	-3.1	7.0	16.7	14.6	-5.2	5.9	4.0	-9.1	-6.4
																	(Yen in Millions)					( % )
						FY2019										FY2020					YoY
				Japan	Americas	Europe	Asia &	Total						Japan	Americas	Europe	Asia &	Total	Japan	Americas	Europe	Asia &	Total
				(EMEA)	Oceania						(EMEA)	Oceania	(EMEA)	Oceania
	Functional		71,801	6,520	23,640	70,792	172,755						69,291	5,541	23,988	80,703	179,525	-3.5	-15.0	1.5	14.0	3.9
	Base Products
	Transportation		44,183	29,828	13,629	42,925	130,566						38,505	21,119	11,318	43,060	114,004	-12.9	-29.2	-17.0	0.3	-12.7
	Industrial Tape		115,985	36,349	37,270	113,717	303,321						107,797	26,660	35,307	123,764	293,529	-7.1	-26.7	-5.3	8.8	-3.2
	Information		33,979	-	-	316,900	350,880						42,523	-	-	324,988	367,511	25.1	-	-	2.6	4.7
	Fine Materials
	Flexible			8,144	-	-	31,237	39,381						17,001	-	-	35,559	52,561	108.8	-	-	13.8	33.5
	Printed Circuits
	Optronics			42,123	-	-	348,138	390,262						59,525	-	-	360,548	420,073	41.3	-	-	3.6	7.6
	Life Science		5,345	17,293	-	-	22,638						3,728	22,172	-	-	25,901	-30.2	28.2	-	-	14.4
	Others			1,915	13,016	3,132	5,680	23,744						1,834	9,591	3,498	5,859	20,784	-4.2	-26.3	11.7	3.2	-12.5
	Adjustments		1,050	-	-	-	1,050						1,032	-	-	-	1,032	-1.7	-	-	-	-1.7
	Revenue Total		166,419	66,659	40,402	467,536	741,018						173,918	58,425	38,806	490,172	761,321	4.5	-12.4	-4.0	4.8	2.7
	(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

• From fiscal year 2020, partial changes have been made to reporting segments with change of management system, and the changes are reflected in the figures for the fiscal year 2019.

- 5 -

Revenue to Customers outside Japan

																	(Yen in Millions)												(%)
			4Q, FY2019					3Q, FY2020					4Q, FY2020					YoY						QoQ
			(Jan.-Mar.)					(Oct.-Dec.)					(Jan.-Mar.)
	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	14,742	11,954	102,804	48,640	276	129,777	12,942	12,508	135,703	69,251	349	161,503	13,697	13,336	125,044	65,882	275	152,353	-7.1	11.6	21.6	35.4	-0.2	17.4	5.8	6.6	-7.9	-4.9	-21.1	-5.7
Customers outside
Japan
Consolidated						170,282						208,472						195,111						14.6						-6.4
Revenue

																		(%)												(pt)
Ratio to	8.7	7.0	60.4	28.6	0.2	76.2	6.2	6.0	65.1	33.2	0.2	77.5	7.0	6.8	64.1	33.8	0.1	78.1	-1.7	-0.2	3.7	5.2	-0.1	1.9	0.8	0.8	-1.0	0.6	-0.1	0.6
Consolidated
Revenue
																	(Yen in Millions)						(%)
			FY2019											FY2020					YoY
	Americas	Europe	Asia & Oceania	Others	Total							Americas	Europe	Asia & Oceania	Others	Total	Americas	Europe	Asia & Oceania	Others	Total
				China												China						China
Revenue to	58,537	45,264	455,664	230,264	907	560,374							49,388	44,590	495,928	262,372	1,146	591,053	-15.6	-1.5	8.8	13.9	26.3	5.5
Customers outside
Japan
Consolidated						741,018												761,321						2.7
Revenue
																		(%)						(pt)
Ratio to	7.9	6.1	61.5	31.1	0.1	75.6							6.5	5.9	65.1	34.5	0.2	77.6	-1.4	-0.2	3.6	3.4	0.1	2.0
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.

- 6 -