Notice of Differences between Half-Year Financial Forecast andActual Results,and Revisions to Full-Year Financial Forecast and Dividend Forecast
November 9, 2021
Representative

Nihon Dempa Kogyo Co., Ltd.
Hiromi Katoh, Representative Director and President(Code 6779 Tokyo Stock Exchange, 1st Section)

Contact

Yuzuru Takeuchi, Senior Corporate Officer and General Manager of Administration Division

Company Name

(Phone: +81-3-5453-6711)

Nihon Dempa Kogyo Co., Ltd. (NDK) hereby announces the differences between the half-year consolidated
financial forecast announced on May 14, 2021 and the actual results disclosed today for the six months ended
September 30, 2021. Taking the recent performances into consideration, NDK has also revised the full-year
consolidated financial forecast and dividend forecast announced on May 14, 2021 for the fiscal year ending March 31,
2022, as described below.
1. Differences between Consolidated Financial Forecast and Actual Results for the Six Months Ended September 30,
2021 (April 1, 2021 - September 30, 2021)
Net sales

Operating income(loss)

Income(Loss)beforeincome tax

Net income(loss)
for the periodNet income(loss)
attributableto ownersof the parent

Basic earnings
per share

Million Yen

Million Yen

Million Yen

Million Yen

Million Yen

Yen

Previous forecast (A)21,100

1,800

1,500

1,400

1,400

71.34

Actual results (B)22,267

2,839

2,601

2,430

2,430

123.86

Increase/(Decrease) (B-A)

1,167

1,039

1,101

1,030

1,030

5.5%

57.7%

73.4%

73.6%

73.6%

17,575(1,453)(1,663)(2,157)(2,157)

Increase/(Decrease)in percentage (%)(Reference) Six months
ended September 30, 2020
(actual)(109.93)[ Reasons for the differences ]The actual sales of 76.8MHz crystal units with built-in thermistor for 5G smartphones, crystal oscillators for 5G basestations in the USA and India, and other sales including tuning fork crystal units for PCs exceeded the initial forecast
made at the beginning of the fiscal year.
In the automotive electronic market, the amount of orders received continuously surpassed the amount of sales, whichlead to better trading conditions. In addition to the stronger demand and improved product mix, the exchange rate
fluctuation also lifted the profits: 110.18 yen for the US dollar (actual) versus 104.00 yen (at the time of previous
announcement). As a result, actual sales, operating income, pre-tax income, income attributable to owner of the parent
all exceeded the forecasts announced at the beginning of the fiscal year.

2. Revision of the Full-year Consolidated Financial Forecast
Revision of Consolidated Financial Forecast for the Year Ending March 31, 2022 (April 1, 2021 - March 31, 2022)
Income(Loss)beforeincome tax

Operating income(loss)

Net sales

Net income(loss)
for the periodNet income(loss)
attributableto ownersof the parent

Basic earnings
per share

Million Yen

Million Yen

Million Yen

Million Yen

Million Yen

Yen

Previous forecast (A)42,500

2,900

2,300

2,100

2,100

107.01

Revised forecast (B)44,500

4,900

4,400

4,000

4,000

203.83

Increase/(Decrease) (B-A)

2,000

2,000

2,100

1,900

1,900

4.7%

69.0%

91.3%

90.5%

90.5%

39,195

2,844

2,592

1,976

1,976

Increase/(Decrease)in percentage (%)(Reference)Year ended March 31,2021 (actual)100.70[ Reason for revision ]NDK has decided to revise the full-year financial forecast for the following reasons. Firstly, the full-year sales in themobile communications market (including 5G smartphones), industrial equipment market (including 5G base stations),and consumer market (including PCs) are expected to exceed the initial forecasts made at the beginning of the fiscalyear. In addition, the exchange rate against the US dollar for the second half of the fiscal year is forecasted higher at
111.75 yen (versus 104.00 yen in the previous forecast). Accordingly, the sales and income are expected to exceed theinitial forecast announced at the beginning of the fiscal year.
On the other hand, despite the continuous strong demand in the automotive electronic market, there is a probability
that the amount of orders from our customers will fall if they stop building up inventories as a result of production
adjustment which is occurring in the automobile makers globally. Taking this into account, NDK anticipates that theoutlook for the full-year sales for the automotive electronics market would be less promising compared with the initial
forecast at the beginning of the fiscal year.
3. Revision of Dividend Forecast(1) Revision of Dividend Forecast
Annual dividends per share
Second quarter-end

Fiscal year-end

YenPrevious forecast

undetermined

Revised forecast
Period ended September
30, 2021 (actual)
Year ended March 31,2021 (actual)

Total
Yen

Yen

undetermined

5.00

5.00

0.00

0.00

0.00
0.00

(2) Reason for revision
At the time of the previous announcement, the payment of the year-end dividend per share was not determined. Since
the financial forecast is now expected to exceed the forecast announced at the beginning of the fiscal year, NDK
expects to pay a year-end dividend of five (5) yen per share.
Notes:
Forward-looking statements about our future performance are based on the information that are available to us at the time of disclosure and certain
assumptions that are deemed to be reasonable. Due to unforeseen circumstances, actual results may differ significantly from such estimates.