NITTO DENKO CORPORATION Supplementary Data of Consolidated Financial Statements
for the First Quarter Ended June 30, 2023 (IFRS Basis)
July 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
(Yen in Millions) | |||||
Revenue | Operating Income | Income before | Net Income | ||
attributable to owners | |||||
Income Taxes | |||||
of the parent company | |||||
1Q, FY2022 | 216,368 | 38,520 | 38,674 | 26,439 | |
(Apr.-Jun.) | |||||
4Q, FY2022 | 190,057 | 9,455 | 9,442 | 13,406 | |
(Jan.-Mar.) | Results | ||||
FY2022 | 929,036 | 147,173 | 146,840 | 109,173 | |
208,455 | 22,411 | 22,176 | 15,168 | ||
1Q, FY2023 | |||||
YoY (%) | -3.7 | -41.8 | -42.7 | -42.6 | |
(Apr.-Jun.) | |||||
QoQ (%) | 9.7 | 137.0 | 134.8 | 13.1 | |
1H, FY2023 | 440,000 | 62,000 | 62,000 | 44,000 | |
(Apr.-Sep.) | Forecasts | ||||
FY2023 | as of Apr. 26 | 935,000 | 150,000 | 150,000 | 110,000 |
1H, FY2023 | 440,000 | 62,000 | 62,000 | 44,000 | |
(Apr.-Sep.) | Forecasts | ||||
FY2023 | as of Jul. 26 | 935,000 | 150,000 | 150,000 | 110,000 |
(Yen in Millions) | |||||
Capital | Depreciation | R&D | |||
Expenditure | and Amortization | Expenditure | |||
FY2022 | 50,789 | 57,362 | 40,175 | ||
Results | |||||
1Q, FY2023 | 30,027 | 14,801 | 10,864 | ||
(Apr.-Jun.) | |||||
Forecasts | 100,000 | 60,000 | 44,000 | ||
as of Apr. 26 | |||||
FY2023 | |||||
Forecasts | 100,000 | 60,000 | 44,000 | ||
as of Jul. 26 | |||||
(Yen/1US$) | |||||
Exchange | 1Q | 2Q | 3Q | 4Q | Full-year |
Rate | (Apr.-Jun.) | (Jul.-Sep.) | (Oct.-Dec.) | (Jan.-Mar.) | |
Results | 126.0 | 136.6 | 144.0 | 132.7 | 134.7 |
FY2022 | |||||
Results | 135.1 | ||||
FY2023 | |||||
Forecasts FY2023 | 130.0 | 130.0 | 130.0 | 130.0 | 130.0 |
as of Apr. 26 | |||||
Forecasts FY2023 | 144.9 | 130.0 | 130.0 | 135.0 | |
as of Jul. 26 | |||||
- 1 -
Revenue and Operating Income by Segment
(Yen in Millions)
Results | Forecasts | ||||||||
FY2022 | FY2023 | FY2023 as of Apr. 26 | |||||||
1Q | 2Q | 1H | 3Q | 4Q | 2H | Full-year | 1Q (Apr.-Jun.) | 1H (Apr.-Sep.) | Full-year |
Forecasts
FY2023 as of Jul. 26
1H (Apr.-Sep.)
Full-year
(Apr.-Jun.) | (Jul.-Sep.) | (Apr.-Sep.) | (Oct.-Dec.) | (Jan.-Mar.) | (Oct.-Mar.) | YoY | QoQ | YoY | YoY | |||||||
(%) | (%) | (%) | (%) | |||||||||||||
Industrial | Revenue | 81,445 | 93,281 | 174,727 | 92,277 | 78,121 | 170,399 | 345,126 | 80,693 | -0.9 | 3.3 | 163,000 | -6.7 | 335,000 | -2.9 | |
Tape | Operating Income | 8,328 | 8,433 | 16,761 | 7,672 | 2,933 | 10,605 | 27,367 | 7,457 | -10.5 | 154.3 | 15,500 | -7.5 | 35,500 | 29.7 | |
Information | 84,804 | 111,709 | 196,513 | 104,959 | 66,353 | 171,313 | 367,827 | 86,645 | 2.2 | 30.6 | 170,000 | -13.5 | 358,500 | -2.5 | ||
Fine Materials | ||||||||||||||||
Circuit Materials | 26,627 | 35,251 | 61,879 | 30,632 | 22,094 | 52,726 | 114,605 | 17,718 | -33.5 | -19.8 | 52,000 | -16.0 | 116,500 | 1.7 | ||
Optronics | ||||||||||||||||
Revenue | 111,432 | 146,960 | 258,393 | 135,592 | 88,448 | 224,040 | 482,433 | 104,363 | -6.3 | 18.0 | 222,000 | -14.1 | 475,000 | -1.5 | ||
Operating Income | 25,134 | 46,351 | 71,485 | 41,277 | 14,678 | 55,956 | 127,441 | 20,032 | -20.3 | 36.5 | 53,500 | -25.2 | 123,000 | -3.5 | ||
Life Science | 17,945 | 12,127 | 30,072 | 13,231 | 10,455 | 23,686 | 53,758 | 9,140 | -49.1 | -12.6 | 23,000 | -23.5 | 53,000 | -1.4 | ||
Membrane | 7,840 | 9,067 | 16,907 | 8,989 | 7,365 | 16,355 | 33,262 | 8,294 | 5.8 | 12.6 | 17,500 | 3.5 | 33,000 | -0.8 | ||
Human | Personal Care | 2,194 | 12,353 | 14,548 | 13,306 | 11,564 | 24,871 | 39,420 | 11,843 | 439.7 | 2.4 | 27,000 | 85.6 | 59,000 | 49.7 | |
Life | Materials | |||||||||||||||
Revenue | 27,979 | 33,548 | 61,528 | 35,527 | 29,385 | 64,913 | 126,441 | 29,278 | 4.6 | -0.4 | 67,500 | 9.7 | 145,000 | 14.7 | ||
Operating Income | 5,043 | 25 | 5,068 | 1,056 | -5,771 | -4,714 | 354 | -2,937 | - | - | -1,500 | - | 5,000 | 1,311.1 | ||
Revenue | 2 | 0 | 3 | 6 | 4 | 10 | 13 | 3 | 87.0 | -6.7 | - | - | - | - | ||
Others | ||||||||||||||||
Operating Income | -868 | -914 | -1,782 | -1,031 | -1,078 | -2,110 | -3,892 | -1,284 | - | - | -3,000 | - | -5,500 | - | ||
Revenue | -4,491 | -5,250 | -9,742 | -9,333 | -5,902 | -15,236 | -24,978 | -5,884 | - | - | -12,500 | - | -20,000 | - | ||
Adjustment | ||||||||||||||||
Operating Income | 882 | -137 | 745 | -3,536 | -1,306 | -4,843 | -4,097 | -856 | - | - | -2,500 | - | -8,000 | - | ||
Revenue | 216,368 | 268,540 | 484,909 | 254,070 | 190,057 | 444,127 | 929,036 | 208,455 | -3.7 | 9.7 | 440,000 | -9.3 | 935,000 | 0.6 | ||
Total | ||||||||||||||||
Operating Income | 38,520 | 53,758 | 92,279 | 45,439 | 9,455 | 54,894 | 147,173 | 22,411 | -41.8 | 137.0 | 62,000 | -32.8 | 150,000 | 1.9 | ||
166,000
17,500
179,000
46,000
225,000
54,000
21,500
16,000
25,000
62,500 -4,000
-
-3,000-13,500-2,500 440,000 62,000
YoY | Change from Forecasts |
- as of Apr. 26 (%)
-5.0 | 1.8 | 338,000 |
4.4 | 12.9 | 37,500 |
-8.9 | 5.3 | 367,500 |
-25.7 | -11.5 | 110,500 |
-12.9 | 1.4 | 478,000 |
-24.5 | 0.9 | 123,500 |
-28.5 | -6.5 | 51,500 |
-5.4 | -8.6 | 31,500 |
71.8 | -7.4 | 57,000 |
1.6 | -7.4 | 140,000 |
- | - | 2,500 |
- | - | - |
- | - | -5,500 |
- | - | -21,000 |
- | - | -8,000 |
-9.3 | 0.0 | 935,000 |
-32.8 | 0.0 | 150,000 |
YoY
(%)
-2.1 37.0 -0.1-3.6-0.9-3.1-4.2-5.3 44.6 10.7
605.6
-
-
-
-
0.6
1.9
Change from Forecasts
as of Apr. 26 (%)
0.9
5.6
2.5 -5.2 0.6 0.4 -2.8-4.5-3.4-3.4
-50.0
-
-
-
-
0.0
0.0
(Yen/1US$)
Exchange Rate
126.0
136.6
131.3
144.0
132.7
138.4
134.7
135.1
130.0 | 130.0 |
140.0
135.0
(Note) From FY2023, some changes have been made to reporting segments as follows. 1．The name of "Flexible Printed Circuits" has been changed to "Circuit Materials".
2．The plastic optical cable business has been transferred from "Others" to "Circuit Materials" of "Optronics".
3．Certain related businesses has been transferred from "Personal Care Materials" of "Human Life" to "Industrial Tape".
4．Certain 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)
(Yen in Millions) | |||||||||||||||||||||
1Q, FY2022 | 4Q, FY2022 | 1Q, FY2023 | |||||||||||||||||||
(Apr.-Jun.) | (Jan.-Mar.) | (Apr.-Jun.) | |||||||||||||||||||
Japan | Americas | Europe | Asia & | Total | Japan | Americas | Europe | Asia & | Total | Japan | Americas | Europe | Asia & | Total | |||||||
(EMEA) | Oceania | (EMEA) | Oceania | (EMEA) | Oceania | ||||||||||||||||
Industrial Tape | 27,755 | 8,968 | 8,096 | 35,667 | 80,487 | 26,080 | 10,496 | 8,508 | 31,740 | 76,825 | 26,129 | 8,675 | 8,815 | 35,887 | 79,508 | ||||||
Information | 6,671 | - | - | 76,868 | 83,540 | 4,031 | - | - | 59,468 | 63,500 | 3,946 | - | - | 79,728 | 83,674 | ||||||
Fine Materials | |||||||||||||||||||||
Circuit Materials | 11,591 | - | - | 14,582 | 26,174 | 8,848 | - | - | 12,914 | 21,763 | 7,492 | - | - | 9,948 | 17,440 | ||||||
Optronics | 18,262 | - | - | 91,451 | 109,714 | 12,880 | - | - | 72,382 | 85,263 | 11,438 | - | - | 89,676 | 101,115 | ||||||
Life Science | 983 | 15,720 | 2 | - | 16,706 | 1,039 | 8,335 | 0 | - | 9,375 | 905 | 7,134 | 0 | - | 8,039 | ||||||
Membrane | 584 | 3,154 | 1,273 | 2,033 | 7,045 | 734 | 3,010 | 1,221 | 1,679 | 6,646 | 624 | 3,893 | 1,099 | 2,163 | 7,781 | ||||||
Personal Care | - | - | 2,181 | - | 2,181 | - | 1,041 | 10,330 | 170 | 11,542 | - | 1,154 | 10,488 | 104 | 11,747 | ||||||
Materials | |||||||||||||||||||||
Human Life | 1,568 | 18,875 | 3,456 | 2,033 | 25,933 | 1,774 | 12,388 | 11,551 | 1,850 | 27,564 | 1,529 | 12,182 | 11,588 | 2,268 | 27,568 | ||||||
Others | 0 | 1 | - | - | 2 | - | 4 | - | - | 4 | 0 | 3 | - | - | 3 | ||||||
Adjustment | 231 | - | - | - | 231 | 399 | - | - | - | 399 | 259 | - | - | - | 259 | ||||||
Revenue Total | 47,817 | 27,845 | 11,553 | 129,152 | 216,368 | 41,135 | 22,888 | 20,060 | 105,973 | 190,057 | 39,358 | 20,860 | 20,404 | 127,832 | 208,455 | ||||||
(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.
1．The name of "Flexible Printed Circuits" has been changed to "Circuit Materials".
2．The plastic optical cable business has been transferred from "Others" to "Circuit Materials" of "Optronics".
3．Certain related businesses has been transferred from "Personal Care Materials" of "Human Life" to "Industrial Tape".
4．Certain business included in "Adjustment" has been transferred to "Others". Such changes have been reflected in the figures for FY2022.
( % ) | |||||||||
YoY | QoQ | ||||||||
Japan | Americas | Europe | Asia & | Total | Japan | Americas | Europe | Asia & | Total |
(EMEA) | Oceania | (EMEA) | Oceania | ||||||
-5.9 | -3.3 | 8.9 | 0.6 | -1.2 | 0.2 | -17.3 | 3.6 | 13.1 | 3.5 |
-40.8 | - | - | 3.7 | 0.2 | -2.1 | - | - | 34.1 | 31.8 |
-35.4 | - | - | -31.8 | -33.4 | -15.3 | - | - | -23.0 | -19.9 |
-37.4 | - | - | -1.9 | -7.8 | -11.2 | - | - | 23.9 | 18.6 |
-8.0 | -54.6 | -79.9 | - | -51.9 | -13.0 | -14.4 | 9180.0 | - | -14.2 |
6.8 | 23.4 | -13.7 | 6.4 | 10.4 | -15.0 | 29.3 | -10.0 | 28.8 | 17.1 |
- | - | 380.9 | - | 438.6 | - | 10.8 | 1.5 | -38.5 | 1.8 |
-2.5 | -35.5 | 235.2 | 11.5 | 6.3 | -13.8 | -1.7 | 0.3 | 22.6 | 0.0 |
-61.4 | 180.0 | - | - | 87.0 | - | -14.1 | - | - | -6.7 |
12.4 | - | - | - | 12.4 | -34.9 | - | - | - | -34.9 |
-17.7 | -25.1 | 76.6 | -1.0 | -3.7 | -4.3 | -8.9 | 1.7 | 20.6 | 9.7 |
- 3 -
Revenue to Customers outside Japan
(Yen in Millions) | ||||||||||||||||||
1Q, FY2022 | 4Q, FY2022 | 1Q, FY2023 | ||||||||||||||||
(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 Customers | 25,250 | 12,767 | 136,171 | 73,263 | 616 | 174,805 | 20,587 | 21,924 | 110,470 | 60,483 | 843 | 153,825 | 20,079 | 19,562 | 131,509 | 75,055 | 1,203 | 172,355 |
outside Japan | ||||||||||||||||||
Consolidated | 216,368 | 190,057 | 208,455 | |||||||||||||||
Revenue | ||||||||||||||||||
(%) | ||||||||||||||||||
Ratio to | 11.7 | 5.9 | 62.9 | 33.9 | 0.3 | 80.8 | 10.8 | 11.5 | 58.1 | 31.8 | 0.4 | 80.9 | 9.6 | 9.4 | 63.1 | 36.0 | 0.6 | 82.7 |
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.
(%) | |||||||||||
YoY | QoQ | ||||||||||
Americas | Europe | Asia & Oceania | Others | Total | Americas | Europe | Asia & Oceania | Others | Total | ||
China | China | ||||||||||
-20.5 | 53.2 | -3.4 | 2.4 | 95.4 | -1.4 | -2.5 | -10.8 | 19.0 | 24.1 | 42.8 | 12.0 |
-3.7 | 9.7 | ||||||||||
(pt) | |||||||||||
-2.1 | 3.5 | 0.2 | 2.1 | 0.3 | 1.9 | -1.2 | -2.1 | 5.0 | 4.2 | 0.2 | 1.8 |
y |
- 4 -
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Disclaimer
Nitto Denko Corporation published this content on 26 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 July 2023 07:11:49 UTC.
