May 6, 2022
Company Name: Nihon Dempa Kogyo Co., Ltd.
Representative: Hiromi Katoh, Representative Director and President(Code: 6779 Tokyo Stock Exchange, Prime Market)
Contact:
Yuzuru Takeuchi, Senior Corporate Officer and General Manager ofAdministration Division(Phone: +81-3-5453-6711)
Re: Determination of Number of New Shares to be Issued by Capital Increase
through Third Party Allotment
Nihon Dempa Kogyo Co., Ltd. (“NDK” or “we”) hereby announces that, with respect
to the issuance of new share through third party allotment resolved together with theissuance of new shares through public offering (public offering), the disposal of treasury
stock through public offering (public offering) and the secondary offering of shares(offering through over-allotment) at a meeting of the Board of Directors of NDK held on
March 29, 2022, the underwriter, which is the allottee, notified NDK that it will subscribe
for a part of the shares scheduled to be issued as follows:1

Number of new
102,600 sharesshares to be issued(Shares scheduled to be issued: 510,200 shares)
2
Total amount of
121,068,000 yen
amount to be paid in(1,180 yen per share)
3
Amounts of capital
Amount of capital stock to be increased (Note):
stock and legal
60,534,000 yen
capital surplus to be Amount of legal capital surplus to be increased (Note):increased
60,534,000 yen
4
Subscription period
May 9, 2022 (Mon)(scheduled)
5
Payment date
May 10, 2022 (Tue)(scheduled)(Note) The Board of Directors of NDK, at its meeting held on March 10, 2022, passed
a resolution that NDK would reduce the amounts of the capital stock and thelegal capital surplus respectively and transfer the reduced amount to other capitalsurplus as of the payment date (May 10, 2022 (Tue)).

Note: This press release has been prepared for the purpose of announcing to the public certain matters relating to thedetermination of number of new shares to be issued by capital increase through third party allotment, and not forthe purpose of soliciting investment within or outside Japan. In addition, this press release does not constitute anoffer of investment to or a part of soliciting activities to purchase the common shares of NDK in the United States.
The securities referred to above have not been, and will not be registered under the United States Securities Actof 1933, as amended (the “Securities Act”). The securities may not be offered or sold in the United States absent
registration or an exemption from registration under the Securities Act. The securities referred to above will not be
publicly offered or sold in the United States. Estimates, expectations, forecasts, and other future information set
out in this press release have been prepared based on the information that is available for NDK as of today andon certain assumptions and qualifications, and the actual financial performance or results might be substantiallydifferent from such future information contained in the material due to risk factors including domestic and global
economic conditions.

<Reference>
1. The third party allotment was resolved together with the issuance of new sharesthrough public offering (public offering), the disposal of treasury stock through publicoffering (public offering) and the secondary offering of shares (offering through overallotment) at a meeting of the Board of Directors of NDK held on March 29, 2022.
For details, please see the notice “Re: Issuance of New Shares, Disposal of Treasury
Stock and Secondary Offering of Shares and Reduction of Amounts of Capital Stock andLegal Capital Surplus Concurrently with Issuance of New Shares” dated March 29, 2022
and the notice “Re: Determination of Issue Price, Disposal Price and Selling Price, Etc.
and Reduction of Amounts of Capital Stock and Legal Capital Surplus Concurrently withIssuance of New Shares” dated April 7, 2022.
2. Total Number of Issued Shares Before and After Third Party Allotment(1) Current total number of issued shares: 23,026,005 shares (As of May 6, 2022)(2) Number of shares to be increased by the 102,600 shares
capital increase through third party
allotment:(3) Total number of issued shares after the 23,128,605 shares
capital increase through third party
allotment:
3. Use of Proceeds
With respect to the net proceeds, from the public offerings and the capital increase
through third party allotment, in the aggregate amount of approximately 4,098,326,000
yen, NDK plans to allocate 3,000 million yen by March 2025 to its capital expenditures
aimed at increasing production capacity, etc. for responding to the increase of demand forcrystal devices mainly in automotive applications and 5G-related handsets, and NDKplans to allocate the remaining amount by March 2024 to the working capital which will
be required to expand business associated with the implementation of the new mid-term
management plan.
For details, please see the notice “Re: Issuance of New Shares, Disposal of Treasury
Stock and Secondary Offering of Shares and Reduction of Amounts of Capital Stock andLegal Capital Surplus Concurrently with Issuance of New Shares” dated March 29, 2022
and the notice “Re: Determination of Issue Price, Disposal Price and Selling Price, Etc.
and Reduction of Amounts of Capital Stock and Legal Capital Surplus Concurrently withIssuance of New Shares” dated April 7, 2022.
EndNote: This press release has been prepared for the purpose of announcing to the public certain matters relating to thedetermination of number of new shares to be issued by capital increase through third party allotment, and not forthe purpose of soliciting investment within or outside Japan. In addition, this press release does not constitute anoffer of investment to or a part of soliciting activities to purchase the common shares of NDK in the United States.
The securities referred to above have not been, and will not be registered under the United States Securities Actof 1933, as amended (the “Securities Act”). The securities may not be offered or sold in the United States absent
registration or an exemption from registration under the Securities Act. The securities referred to above will not be
publicly offered or sold in the United States. Estimates, expectations, forecasts, and other future information set
out in this press release have been prepared based on the information that is available for NDK as of today andon certain assumptions and qualifications, and the actual financial performance or results might be substantiallydifferent from such future information contained in the material due to risk factors including domestic and global
economic conditions.