September 22, 2022
Company Name
Representative
Contact person

Nihon Dempa Kogyo Co., Ltd.
Hiromi Katoh, Representative Director and President(Code No. 6779, Tokyo Stock Exchange Prime Market)
Yuzuru Takeuchi, Senior Corporate Officer and General Manager of Administration Division(Phone: +81-3-5453-6711)

Notice Concerning Revisions to Financial Forecasts
for the Fiscal Year Ending March 31, 2023
Nihon Dempa Kogyo Co., Ltd. ("the Company", or "we") hereby announces that in light of the most recent operating
trends, the Company has revised the financial forecasts for the first half and full year of the fiscal year ending March31, 2023, which were announced on May 13, 2022.
1．Revision to consolidated financial forecasts for the first half of the fiscal year ending March 31, 2023 (April 1,2022 through September 30, 2022)
Net sales

OperatingincomeIncome before
income tax

Net income
for the period

Net income
attributableto ownersof the parent

Basic earnings
per share

Million Yen

YenMillion Yen

Million Yen

Million Yen

Million Yen

24,200

2,300

2,100

1,800

1,800

91.72(Ｂ)

26,200

4,000

4,000

3,200

3,200

139.84(Ｂ－Ａ)

2,000

1,700

1,900

1,4001,400

Change(％)(Reference) Actual results forthe six months ended Sept.
30, 2021

8.3%

73.9%

90.5%

77.8%

77.8%

22,267

2,839

2,601

2,430

2,430

Previously announced
forecast
Revised forecast
Change(Ａ)123.86[Reason for revision]
The consolidated net sales are expected to exceed significantly the initial forecast made at the beginning of thefiscal year owing to the outlook for a weaker yen than anticipated, in addition to higher-than-expected sales growth
mainly for automotive applications.
Regarding profit and loss, besides the sales increase mentioned above, the Company plans to record insurance
claim income of approximately ¥400 million in other operating income. This income is associated with theinsurance payment received in August 2022 for the damage to our Malaysian factories flooded by heavy rains in
December 2021.
Consequently, the operating income, income before income taxes, and net income attributable to the owners of
the parent are all expected to exceed the initial forecast. The assumed exchange rate at the beginning of the fiscal
year was 115 yen to the dollar, whereas the average exchange rate for the year's first half is expected to exceed 132
yen to the dollar.

2．Revision to full-year consolidated financial forecasts for the fiscal year ending March 31, 2023 (April 1, 2022
through March 31, 2023)
Net sales

Operatingincome

Income before
income tax

Net income

Net income
attributableto ownersof the parent

Basic earnings
per share

Million Yen

YenMillion Yen

Million Yen

Million Yen

Million Yen

50,000

5,000

4,600

4,000

4,000

203.83(Ｂ)

54,000

8,000

7,500

6,100

6,100

265.15(Ｂ－Ａ)

4,000

3,000

2,900

2,100

2,100

Change(％)(Reference) Actual results forthe year ended March 31,2022

8.0%

60.0%

63.0%

52.5%

52.5%

45,408

5,180

4,920

5,455

5,455

Previously announced
forecast
Revised forecast
Change(Ａ)278.01[Reason for revision]
In the second half of the fiscal year, higher sales are expected mainly for automotive and mobile communications
applications. The full-year sales are expected to exceed the initial forecast, reflecting the projected sales increase
and based on the assumption that the yen will remain weak (taking 135 yen to the dollar for the second half).
On the expense side, we expect to incur more expenses than planned to renovate the core business system for DX(Digital Transformation). Due to the revenue increase effect, however, the full-year operating income, income
before income taxes, and income attributable to the owners of the parent are all expected to exceed the initial
forecasts. We estimate a full-year income increase attributable to yen depreciation as about ¥1,200 million. Even
excluding the foreign exchange factors and the ¥400 million insurance claim income, the profits are projected toincrease year on year.
(Note)
Forward-looking statements in this document about our future performance are based on the information that areavailable 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.
END