Supplementary Data of Consolidated Financial Statements

for the Second Quarter Ended September 30, 2023 (IFRS Basis)

October 26, 2023

NITTO DENKO CORPORATION

CONTENTS

Page

Business Results and Forecasts

1

Revenue and Operating Profit 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, and half-on-half changes from the previous half are shown as HoH.

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

2Q, FY2022

(Jul.-Sep.)

1H, FY2022 (Apr.-Sep.)

2H, FY2022 (Oct.-Mar.)

1Q, FY2023 (Apr.-Jun.)

2Q, FY2023

(Jul.-Sep.)

1H, FY2023 (Apr.-Sep.)

1H, FY2023 (Apr.-Sep.)

2H, FY2023 (Oct.-Mar.)

FY2023

2H, FY2023 (Oct.-Mar.)

FY2023

FY2022

1H, FY2023 (Apr.-Sep.)

FY2023

Exchange

Rate

Results

FY2022

Results

FY2023

Forecasts FY2023

as of Jul. 26

Forecasts FY2023

as of Oct. 26

Results

YoY (%)

QoQ (%)

Results

YoY (%)

Change from Forecasts as of Jul. 26 (%)

Forecasts

as of Jul. 26

Forecasts

as of Oct. 26

Results

Forecasts

as of Jul. 26

Forecasts

as of Oct. 26

1Q

(Apr.-Jun.)

126.0

135.1

(Millions of yen)

Profit before

Net Profit

Revenue

Operating Profit

attributable to owners

Income Taxes

of the parent company

268,540

53,758

53,360

36,959

484,909

92,279

92,035

63,398

444,127

54,894

54,805

45,774

208,455

22,411

22,176

15,168

240,888

42,061

42,064

29,048

(10.3)

(21.8)

(21.2)

(21.4)

15.6

87.7

89.7

91.5

449,344

64,472

64,240

44,216

(7.3)

(30.1)

(30.2)

(30.3)

2.1

4.0

3.6

0.5

440,000

62,000

62,000

44,000

495,000

88,000

88,000

66,000

935,000

150,000

150,000

110,000

470,655

75,527

75,759

55,783

920,000

140,000

140,000

100,000

(Millions of yen)

Capital

Depreciation

R&D

Expenditure

and Amortization

Expenditure

50,789

57,362

40,175

40,591

29,901

21,870

100,000

60,000

44,000

100,000

60,000

44,000

(Yen/1US$)

2Q

3Q

4Q

Full-year

(Jul.-Sep.)

(Oct.-Dec.)

(Jan.-Mar.)

136.6

144.0

132.7

134.7

143.5

144.9

130.0

130.0

135.0

140.0

140.0

139.7

- 1 -

Revenue and Operating Profit by Segment

Revenue

Industrial

Tape

Operating Profit

Information

Fine Materials

Circuit

Optronics

Materials

Revenue

Operating Profit

Life Science

Membrane

Human

Personal Care

Life

Materials

Revenue

Operating Profit

Revenue

Others

Operating Profit

Revenue

Adjustment

Operating Profit

Revenue

Total

Operating Profit

Exchange Rate

(Millions of yen)

Results

Forecasts

FY2022

FY2023

FY2023 as of Jul. 26

FY2023 as of Oct. 26

1Q

2Q

1H

3Q

4Q

2H

Full-year

1Q

2Q (Jul.-Sep.)

1H (Apr.-Sep.)

1H

2H

2H (Oct.-Mar.)

Full-year

Full-year

(Apr.-Jun.)

(Jul.-Sep.)

(Apr.-Sep.)

(Oct.-Dec.)

(Jan.-Mar.)

(Oct.-Mar.)

(Apr.-Jun.)

YoY

QoQ

YoY

Change from

(Apr.-Sep.)

(Oct.-Mar.)

YoY

Change from

YoY

Change from

Forecasts as of Jul.

Forecasts as of Jul.

Forecasts as of Jul.

(%)

(%)

(%)

(%)

(%)

26 (%)

26 (%)

26 (%)

81,445

91,100

172,545

92,277

78,121

170,399

342,944

80,693

90,806

(0.3)

12.5

171,499

(0.6)

3.3

166,000

172,000

338,000

176,000

3.3

2.3

347,500

1.3

2.8

8,328

8,283

16,611

7,672

2,933

10,605

27,217

7,457

10,164

22.7

36.3

17,622

6.1

0.7

17,500

20,000

37,500

20,877

96.9

4.4

38,500

41.5

2.7

84,804

111,709

196,513

104,959

66,353

171,313

367,827

86,645

95,389

(14.6)

10.1

182,034

(7.4)

1.7

179,000

188,500

367,500

185,465

8.3

(1.6)

367,500

(0.1)

0.0

26,627

35,251

61,879

30,632

22,094

52,726

114,605

17,718

30,199

(14.3)

70.4

47,917

(22.6)

4.2

46,000

64,500

110,500

52,082

(1.2)

(19.3)

100,000

(12.7)

(9.5)

111,432

146,960

258,393

135,592

88,448

224,040

482,433

104,363

125,588

(14.5)

20.3

229,952

(11.0)

2.2

225,000

253,000

478,000

237,547

6.0

(6.1)

467,500

(3.1)

(2.2)

25,134

46,351

71,485

41,277

14,678

55,956

127,441

20,032

37,610

(18.9)

87.7

57,642

(19.4)

6.7

54,000

69,500

123,500

62,357

11.4

(10.3)

120,000

(5.8)

(2.8)

17,945

12,127

30,072

13,231

10,455

23,686

53,758

9,140

10,145

(16.3)

11.0

19,286

(35.9)

(10.3)

21,500

30,000

51,500

24,713

4.3

(17.6)

44,000

(18.2)

(14.6)

7,840

9,067

16,907

8,989

7,365

16,355

33,262

8,294

8,019

(11.5)

(3.3)

16,314

(3.5)

2.0

16,000

15,500

31,500

16,685

2.0

7.6

33,000

(0.8)

4.8

2,194

14,548

16,743

13,306

11,564

24,871

41,614

11,843

13,691

(5.9)

15.6

25,534

52.5

2.1

25,000

32,000

57,000

28,965

16.5

(9.5)

54,500

31.0

(4.4)

27,979

35,743

63,722

35,527

29,385

64,913

128,636

29,278

31,856

(10.9)

8.8

61,135

(4.1)

(2.2)

62,500

77,500

140,000

70,364

8.4

(9.2)

131,500

2.2

(6.1)

5,043

190

5,234

1,056

(5,771)

(4,714)

519

(2,937)

(2,490)

-

-

(5,427)

-

-

(4,000)

6,500

2,500

427

-

(93.4)

(5,000)

-

-

2

0

3

6

4

10

13

3

2

129.1

(42.1)

6

100.5

-

-

-

-

(6)

-

-

-

-

-

(868)

(914)

(1,782)

(1,031)

(1,078)

(2,110)

(3,892)

(1,284)

(1,621)

-

-

(2,906)

-

-

(3,000)

(2,500)

(5,500)

(2,593)

-

-

(5,500)

-

-

(4,491)

(5,264)

(9,755)

(9,333)

(5,902)

(15,236)

(24,991)

(5,884)

(7,365)

-

-

(13,249)

-

-

(13,500)

(7,500)

(21,000)

(13,250)

-

-

(26,500)

-

-

882

(152)

730

(3,536)

(1,306)

(4,843)

(4,112)

(856)

(1,601)

-

-

(2,458)

-

-

(2,500)

(5,500)

(8,000)

(5,541)

-

-

(8,000)

-

-

216,368

268,540

484,909

254,070

190,057

444,127

929,036

208,455

240,888

(10.3)

15.6

449,344

(7.3)

2.1

440,000

495,000

935,000

470,655

6.0

(4.9)

920,000

(1.0)

(1.6)

38,520

53,758

92,279

45,439

9,455

54,894

147,173

22,411

42,061

(21.8)

87.7

64,472

(30.1)

4.0

62,000

88,000

150,000

75,527

37.6

(14.2)

140,000

(4.9)

(6.7)

(Yen/1US$)

126.0

136.6

131.3

144.0

132.7

138.4

134.7

135.1

143.5

139.4

140.0

130.0

135.0

140.0

139.7

(Note) From FY2023, some changes have been made to reporting segments as follows. 1The name of Flexible Printed Circuits has been changed to Circuit Materials.

2The plastic optical cable business has been transferred from Others to Circuit Materials of Optronics.

3Certain related businesses has been transferred from Personal Care Materials of Human Life to Industrial Tape.

4Certain business included in Adjustment has been transferred to Others. Such changes have been reflected in the figures for FY2022.

- 2 -

Segment Revenue by Location (Sell from)

(Millions of yen)

( % )

2Q, FY2022

1Q, FY2023

2Q, FY2023

YoY

QoQ

(Jul.-Sep.)

(Apr.-Jun.)

(Jul.-Sep.)

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

29,587

9,898

7,807

42,498

89,793

26,129

8,675

8,815

35,887

79,508

27,276

9,549

8,653

44,172

89,651

(7.8)

(3.5)

10.8

3.9

(0.2)

4.4

10.1

(1.8)

23.1

12.8

Information

6,166

-

-

103,940

110,107

3,946

-

-

79,728

83,674

3,193

-

-

87,898

91,092

(48.2)

-

-

(15.4)

(17.3)

(19.1)

-

-

10.2

8.9

Fine Materials

Circuit Materials

16,623

-

-

18,058

34,682

7,492

-

-

9,948

17,440

15,782

-

-

14,129

29,912

(5.1)

-

-

(21.8)

(13.8)

110.6

-

-

42.0

71.5

Optronics

22,790

-

-

121,998

144,789

11,438

-

-

89,676

101,115

18,976

-

-

102,027

121,004

(16.7)

-

-

(16.4)

(16.4)

65.9

-

-

13.8

19.7

Life Science

1,100

9,958

0

-

11,058

905

7,134

0

-

8,039

1,039

7,824

3

-

8,867

(5.5)

(21.4)

8240.9

-

(19.8)

14.9

9.7

690.9

-

10.3

Membrane

567

3,423

1,424

2,666

8,082

624

3,893

1,099

2,163

7,781

683

2,874

1,423

2,468

7,450

20.4

(16.0)

(0.1)

(7.4)

(7.8)

9.5

(26.2)

29.5

14.1

(4.2)

Personal Care

0

1,151

13,184

137

14,474

-

1,154

10,488

104

11,747

-

1,153

12,297

114

13,566

-

0.2

(6.7)

(16.8)

(6.3)

-

(0.0)

17.2

9.7

15.5

Materials

Human Life

1,668

14,532

14,609

2,804

33,616

1,529

12,182

11,588

2,268

27,568

1,723

11,852

13,725

2,583

29,885

3.3

(18.4)

(6.1)

(7.9)

(11.1)

12.7

(2.7)

18.4

13.9

8.4

Others

0

0

-

-

0

0

3

-

-

3

0

1

-

-

2

(33.3)

2943.4

-

-

129.1

100.0

(54.4)

-

-

(42.1)

Adjustment

340

-

-

-

340

259

-

-

-

259

345

-

-

-

345

1.4

-

-

-

1.4

32.9

-

-

-

32.9

Revenue Total

54,388

24,431

22,417

167,302

268,540

39,358

20,860

20,404

127,832

208,455

48,321

21,403

22,378

148,784

240,888

(11.2)

(12.4)

(0.2)

(11.1)

(10.3)

22.8

2.6

9.7

16.4

15.6

(Millions of yen)

( % )

1H, FY2022

2H, FY2022

1H, FY2023

YoY

HoH

(Apr.-Sep.)

(Oct.-Mar.)

(Apr.-Sep.)

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

57,342

18,867

15,904

78,166

170,280

56,864

20,744

16,224

74,010

167,843

53,406

18,224

17,469

80,060

169,160

(6.9)

(3.4)

9.8

2.4

(0.7)

(6.1)

(12.1)

7.7

8.2

0.8

Information

12,838

-

-

180,809

193,647

10,990

-

-

151,868

162,859

7,140

-

-

167,626

174,766

(44.4)

-

-

(7.3)

(9.8)

(35.0)

-

-

10.4

7.3

Fine Materials

Circuit Materials

28,215

-

-

32,641

60,856

26,161

-

-

25,806

51,968

23,275

-

-

24,077

47,353

(17.5)

-

-

(26.2)

(22.2)

(11.0)

-

-

(6.7)

(8.9)

Optronics

41,053

-

-

213,450

254,503

37,152

-

-

177,675

214,827

30,415

-

-

191,704

222,119

(25.9)

-

-

(10.2)

(12.7)

(18.1)

-

-

7.9

3.4

Life Science

2,083

25,679

2

-

27,765

2,295

19,104

0

-

21,400

1,944

14,958

4

-

16,907

(6.7)

(41.7)

75.5

-

(39.1)

(15.3)

(21.7)

11711.4

-

(21.0)

Membrane

1,152

6,577

2,698

4,700

15,128

1,424

6,323

2,828

3,979

14,556

1,307

6,768

2,523

4,632

15,231

13.5

2.9

(6.5)

(1.4)

0.7

(8.2)

7.0

(10.8)

16.4

4.6

Personal Care

0

1,151

15,365

137

16,655

-

2,270

22,165

363

24,799

-

2,308

22,786

219

25,314

-

100.5

48.3

59.0

52.0

-

1.6

2.8

(39.6)

2.1

Materials

Human Life

3,237

33,408

18,066

4,838

59,549

3,720

27,699

24,993

4,343

60,756

3,252

24,035

25,314

4,851

57,453

0.5

(28.1)

40.1

0.3

(3.5)

(12.6)

(13.2)

1.3

11.7

(5.4)

Others

1

1

-

-

3

1

8

-

-

10

0

5

-

-

6

(46.3)

291.2

-

-

100.5

(50.0)

(42.6)

-

-

(43.8)

Adjustment

571

-

-

-

571

688

-

-

-

688

604

-

-

-

604

5.9

-

-

-

5.9

(12.2)

-

-

-

(12.2)

Revenue Total

102,205

52,277

33,970

296,455

484,909

98,428

48,453

41,217

256,028

444,127

87,679

42,264

42,783

276,616

449,344

(14.2)

(19.2)

25.9

(6.7)

(7.3)

(10.9)

(12.8)

3.8

8.0

1.2

(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

2. From FY2023, some changes have been made to reporting segments as follows.

1The name of Flexible Printed Circuits has been changed to Circuit Materials.

2The plastic optical cable business has been transferred from Others to Circuit Materials of Optronics.

3Certain related businesses has been transferred from Personal Care Materials of Human Life to Industrial Tape.

4Certain business included in Adjustment has been transferred to Others. Such changes have been reflected in the figures for FY2022.

- 3 -

Revenue to Customers outside Japan

(Millions of yen)

(%)

2Q, FY2022

1Q, FY2023

2Q, FY2023

YoY

QoQ

(Jul.-Sep.)

(Apr.-Jun.)

(Jul.-Sep.)

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

23,455

21,436

177,902

100,758

1,296

224,091

20,079

19,562

131,509

75,055

1,203

172,355

20,679

21,409

160,745

89,194

1,449

204,283

(11.8)

(0.1)

(9.6)

(11.5)

11.8

(8.8)

3.0

9.4

22.2

18.8

20.4

18.5

Customers outside

Japan

Consolidated

268,540

208,455

240,888

(10.3)

15.6

Revenue

(%)

(pt)

Ratio to

8.7

8.0

66.2

37.5

0.5

83.4

9.6

9.4

63.1

36.0

0.6

82.7

8.6

8.9

66.7

37.0

0.6

84.8

(0.1)

0.9

0.5

(0.5)

0.1

1.4

(1.0)

(0.5)

3.6

1.0

0.0

2.1

Consolidated

Revenue

(Millions of yen)

(%)

1H, FY2022

2H, FY2022

1H, FY2023

YoY

HoH

(Apr.-Sep.)

(Oct.-Mar.)

(Apr.-Sep.)

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

48,705

34,204

314,073

174,021

1,912

398,896

45,074

42,274

276,583

153,981

1,857

365,789

40,758

40,971

292,255

164,250

2,653

376,638

(16.3)

19.8

(6.9)

(5.6)

38.8

(5.6)

(9.6)

(3.1)

5.7

6.7

42.9

3.0

Customers outside

Japan

Consolidated

484,909

444,127

449,344

(7.3)

1.2

Revenue

(%)

(pt)

Ratio to

10.0

7.1

64.8

35.9

0.4

82.3

10.1

9.5

62.3

34.7

0.4

82.4

9.1

9.1

65.0

36.6

0.6

83.8

(0.9)

2.0

0.2

0.7

0.2

1.5

(1.0)

(0.4)

2.7

1.9

0.2

1.4

Consolidated

Revenue

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

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

- 4 -

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Nitto Denko Corporation published this content on 26 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 October 2023 07:12:06 UTC.