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. |
- 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".
- 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.
- 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".
- 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 -
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Nitto Denko Corporation published this content on 26 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 January 2023 07:12:01 UTC.