Overview of Financial Resultsfor Fiscal Year 2023 (ended March 31, 2024)
Briefing Materials

May 15, 2024
Dai Nippon Printing, Co., Ltd.
Ⓒ2024 Dai Nippon Printing Co., Ltd. All Rights Reserved.

1. Overview of Financial Results for Fiscal Year 2023 (ended
March 31, 2024)
2. Initiatives Aimed at Enhancement of Corporate Value
3. Progress with Medium-term Management Plan

1. Overview of Financial Results for Fiscal Year 2023 (ended
March 31, 2024)
2. Initiatives Aimed at Enhancement of Corporate Value
3. Progress with Medium-term Management PlanFY2023 Result and Earnings Forecast for FY2024(Unit: ¥billions)■ FY2023 Result
Year-on-yearchange(difference)

ResultChange fromplan(difference)

Operating Income

75.4+23.2%+12.6％Net Income
Attributable to Parent Company
Shareholders

110.9+29.5%+26.1％

ROE

9.8％

+1.9%

+1.5％

■ Earnings Forecast for FY2024
Earnings Forecast

Operating Income

80.0Year-on-yearchange+6.0％

Change from
plan

+6.7％

4

Overview of Financial Results for Fiscal Year 2023

(Unit: ¥billions)

Overview
FY2022
ResultSales

FY2023
Earnings
Forecast

ResultYear-on-yearchange1,373.2

1,410.0

1,424.8

+3.8％

61.2

67.0

75.4

+23.2％

4.5%

4.8%

5.3%

+0.8％

Ordinary Income

83.6

78.0

98.7

+18.0％Net Income
Attributable to Parent
Company Shareholders

85.6

88.0

110.9

+29.5％

ROE

7.9%

8.3%

9.8%

+1.9％

Operating
IncomeOperating
Income Ratio

CapitalExpenditures
R&D
Expenditures
Depreciation

78.0

76.0

68.3

(12.4％)

32.4

34.0

35.2

+8.5％

51.7

54.0

55.9

+8.2％

✓

✓

✓

We accelerated creation of new value,
primarily in focus business areas, resulting in
net sales growing 3.8% year on year

The growth of focus businesses in Digital
Interfaces and improvement of earnings inexisting businesses contributed, and we
succeeded in increasing operating income by
23.2% from the previous-year level
Ordinary income and net income exceeded
the previous-year level thanks to thecontribution of expanded earnings fromequity-method affiliates

5Overview of Financial Results for FY2023: Change in Operating Income(Unit: ¥billions)
Overview
✓

5.1
4.8

12.8

Raw material andenergy prices
Change in stable/
restructured
Change in focus businesses
businesses

(2.0)

Forex

✓

(6.5)
Other

✓
75.4
61.2
✓

FY2022

In focus businesses, although the impact of the market
deceleration continued for semiconductors, an increasein demand for display components contributed to anincrease in income
Stable businesses saw strong demand, but were
impacted by customer inventory corrections, etc. forsome products
In restructured businesses, the decline in the paper
media market continued, and housing-related demand
was also weak
Regarding the impact of raw material and energy
prices, the pace of increases settled down and theimpact of the lack of transfer of prices was alleviatedFY2023

6

Overview of Financial Results for FY2023: Overview of Focus and Stable Businesses(Unit: ¥billions)
FY2022
Segment
Sales

Smart
Communication

Segment
Operating
IncomeSegment
Sales

Life and
Healthcare

Segment
Operating
IncomeSegment
Sales

720.2

26.7

451.3

7.9

203.5

719.4 Imaging communication

472.3

46.9

Strong performance from materials for printing photographs,
primarily in European and Asian markets
Large BPO projects and dual interface cards* grewContent & XR communication

Focused on creating new businesses such as collaboration
with Hacosco Inc. as part of efforts to strengthen the XR
communication businessIndustrial high-performancematerials

Battery pouch sales remained strong overall due to thecontribution by a recovery in demand for IT equipment
applications

Mobility

In addition to interior materials, exterior decorative materials
were also steady

Medical & healthcare

Made CMIC CMO Co., Ltd. a group company in order to work
together with a focus on integrated manufacturing from APIs toformulation, as well as high value-added pharmaceuticaldevelopment

Optical film

Increased due to recovery in demand for display components
as well as increase in display area shipped resulting fromlarger panel sizes for televisions

Metal masks used for manufacturing
OLED displays

Steady increases due to expanded adoption of OLEDs for
smartphones

Semiconductors

Lead frames, etc. for semiconductor packages decreased dueto the impact of the market slowdown

13.3

235.3

Arrow indicates sales relative to previous year

Secure information

26.1

Electronics
Segment
Operating
IncomeOverview

FY2023

58.1* Cards with two interfaces on one chip (contact and contactless)7

Overview of Financial Results for FY2023: Results by Segment(Unit: ¥billions)

Smart Communication
売上高（左）

営業利益（右）
720.2

698.9

719.4

Overview✓

Results
27.6

2021年度

26.7

26.1

2022年度✓

2023年度1.5(0.1)

Change inoperatingincomeIn secure information, BPO and IC cards
performed well
Demand in imaging communication was alsostrong, but profits were affected by inventory
corrections, etc. for some products

1.4

Change in(2.9) Raw material
focusbusinesse Change in and energy
pricesstable/s
restructured
businesses

(0.4)
Forex

Other

✓

26.7

26.1

FY2022

FY2023In restructured businesses, the market formagazines and other paper media continue
to contract

8

Overview of Financial Results for FY2023: Results by Segment
Overview

Life and Healthcare
売上高（左）✓

営業利益（右）
472.3

451.3

436.7

Results

14.3

13.3

7.9

2021年度

2022年度✓

2023年度

0.9
4.1

(0.2)
Forex

7.9

FY2022

Raw material( 0.4)
Change in and energy
Change inpricesstable/focus
restructured
businesses
businesses

In the focus businesses, inventory adjustment ofback sheets for photovoltaic modules had an
impact, and orders for battery pouches stagnated
due to a decline in demand for EVs toward thesecond half of the fiscal year
In stable businesses and restructured
businesses, the Living Spaces business wasaffected by a decline in new housing starts, but
increased demand for beverages made a positive
contribution

Other

✓

0.9

Change inoperatingincome(Unit: ¥billions)

13.3

FY2023

Regarding the impact of raw material and energy
prices, the pace of increases settled down andthe impact of the lack of transfer of prices wasalleviated* FY2021 sales and operating income for “Life and Healthcare” display the total of the former“Lifestyle and Industrial Supplies” and “Beverages”

9Overview of Financial Results for FY2023: Results by Segment(Unit: ¥billions)Electronics
売上高（左）
211.0

営業利益（右）203.5

Results

2021年度

2022年度(0.7)

2023年度Raw material
and energy
prices

Forex✓

Performed well due to recovery in demand for
display components as well as increase indisplay area shipped resulting from larger
panel sizes for televisions
Metal masks for manufacturing OLED displays
contributed and increased, following an
increase in the adoption rate for smartphones

(4.1)
Other

✓
58.1

46.9

FY2022

✓

2.7

13.3

Change infocus
businesses

Overview

58.1

46.9

46.4

Change inoperatingincome235.3

Despite strength in photomasks forsemiconductors, lead frames, etc. forsemiconductor packages decreased

FY202310

Earnings Forecast for FY2024[Company-wide]
Sales

FY2023Result1,424.8

Earnings
Forecast for
FY2024Year-on-year
Change(difference)

1,455.0+2.1%

Operating Income

75.4

80.0

+6.0%

Operating Income
Ratio

5.3%

5.5%

+0.2%

Ordinary Income

98.7

100.0

+1.3%

Net Income Attributable toParent Company
Shareholders

110.9

90.0

(18.9%)

ROE

9.8%(Unit: ¥billions)[By Segment]

Smart
Communication

Life and
Healthcare

Electronics

8.0%(1.8％)

CapitalExpenditures

68.3

74.0

+8.2%

R&D Expenditures

35.2

36.0

+2.2％

Depreciation

55.9

56.0

+0.0％

Adjustment

Total

FY2023ResultEarnings
Year-onForecast for year Change
FY2024(difference)

Reference:
Medium-termManagement
Plan

Sales

719.4

720.0

+0.1%

723.0

Operating
Income26.1

30.0+14.7%

29.0

Sales

472.3

500.0

+5.9%

524.0

Operating
Income13.3

18.0+34.9%

21.0

Sales

235.3

240.0

+2.0%

212.0

Operating
Income58.1

54.0(7.1％)

47.0

Sales

(2.2)

(5.0)

-

(4.0)

Operating
Income(22.2)(22.0)-(22.0)

Sales

1,424.8

1,455.0+2.1%

1,455.0

75.4

80.0

+6.0％

75.0

Operating
Income11

Earnings Forecast for FY2024: Comparison with Medium-term Management Plan
(Unit: ¥billions)Electronics
Life and Healthcare
Smart Communication

Sales

Operating Income

1,455.0

1,455.0

212.0

240.0

75.0

524.0

500.0

47.0

723.0

中期経営計画

80.0

Forecast to exceed the Medium-term Management Plan due to thecontribution of an increase in the adoption rate of OLED displays for
smartphones and larger panel sizes for televisions

54.0

Life and Healthcare

21.0

18.0

29.0

30.0

(22.0)(22.0)

中期経営計画

業績予想

720.0

業績予想

Electronics

Sales forecast for automotive battery pouches revised due to current
uncertainties in EV demand, despite the contribution from reorganization ofexisting printing-related production bases, etc.
Smart Communication
Although the paper media market is expected to continue to contract,
operating income is expected to exceed the Medium-term Management Planby shifting human resources to focus and stable businesses through reskilling,
and optimizing the manufacturing system

121. Overview of Financial Results for Fiscal Year 2023 (ended
March 31, 2024)
2. Initiatives Aimed at Enhancement of Corporate Value
3. Progress with Medium-term Management Plan

Actions to Implement Management That Is Conscious of Cost of Capital and Stock Price“DNP Group’s Basic Management Policy” announced on February 9, 2023 and the “FY2023-2025 Medium-term Management Plan” announced on May 12 of
the same year set the target of “an ROE target of 10%, and expedite achieving a PBR of more than 1.0X” to face market evaluation again to enhance
corporate value, we are proceeding with initiatives to take “actions to implement management that is conscious of cost of capital and stock price” at therequest of the Tokyo Stock Exchange.

DNP Group’s Basic Management Policy

14

Analysis of Current Conditions for Enhancement of Corporate Value■ PBR and ROE

■ PER
期末PBR

ROE

(Multiple)

7.3%
9.1%

7.9%

9.8%

2.6%
0.9
0.7

0.6

2019年

2020年

1.0X

0.7

2021年

2022年

2023年
2022/3■ Relative Share Price (Showing April 1, 2022 as 1)

2022/92023/32023/92024/3

Analysis of Current Conditions• PBR has recently risen to around 1.0X due to solid performance from the steady
implementation of the Medium-term Management Plan and enhanced
shareholder returns (share buybacks, etc.) based on the cash allocation strategy.

DNP share priceTOPIX• ROE has improved to a level exceeding the target value of 8% in the FY2025
plan, and efforts are underway to reach the target of 10%.
• Although the rate of increase of the share price is higher than TOPIX, since thecurrent PER is at a flat level, it is necessary to provide investors with a deeper
understanding of the business and raise their expectations for future earnings.
• In order to sustainably enhance corporate value, DNP needs to reform its
business portfolio, including a review of business for reforming, and continue towork on the business, financial and non-financial strategies set forth in theMedium-term Management Plan to meet investors’ expectations.
2022/32022/92023/32023/92024/315

Initiatives Aimed at Enhancement of Corporate Value: Rising PBR
We will work to steadily implement various measures to enhance corporate value.
- More investment-friendly company
Through initiatives to improve share liquidity, we aim tobecome the stock of choice for many investors.

- Expansion of information disclosure
We will expand the content of disclosure,
centered on focus business areas.

- Strengthening shareholder returns
We will strengthen our shareholder return
policy so that our shareholders have peace ofmind in their long-term investment.

Increase in
expected
growth rate

Lower cost ofequity- ESG initiatives
We will engage in solutions toenvironmental issues through both value
creation and strengthening foundations.

- Increasing profits
We will strive to increase profits
through concentrated investment infocus business areas, etc. andbusiness restructuring.

Rising PER

Rising ROE
Rising ROA

Utilization ofleverage- Strengthening IR activities
We will strengthen the communicationof our equity story more than ever.

- Reduction of equity capital
We will strive to improve capitalefficiency through active shareholder
returns, including share buybacks.

- Maximization of asset efficiency- Utilization of interest-bearing debt

We will maximize asset efficiency byselling strategic shareholdings andreducing idle assets.

We will consider appropriate funding
methods including the utilization ofinterest-bearing debt.

16

1. Overview of Financial Results for Fiscal Year 2023 (ended
March 31, 2024)
2. Initiatives Aimed at Enhancement of Corporate Value
3. Progress with Medium-term Management Plan

Progress with Medium-term Management Plan:
Investment in Focus Business Areas, Etc.
Growth investment andinfrastructuredevelopment investment:

390 billion yen or more (cumulative amount for FY2023-FY2027)
Promote capital investment, global expansion and consideration of external alliances centered on focus business areas.

FY2023 to 2027

Main items of investment in FY2023

Business
investment

Focus businessareas and growthinvestment



260 billion yen
or more
Capitalexpenditures

Infrastructure
investment(Including updating
facilities, etc.)

Investment inestablishment of
infrastructure,etc.
130 billion yen or
more





Capitalexpenditures



Mass production of nano-imprinting through capital and operating alliance and joint investment
with SCIVAX Corporation
Strategic business alliance with CMIC Holdings in the field of medical & healthcare, and madeCMIC CMO a subsidiary
Made Hacosco, which develops XR and “brain tech,” a group company
Entered into capital and business alliance with A*Quantum Inc., which develops quantum
computer software
Made UBE Scientific Analysis Laboratory, Inc. (USAL), a material analysis company, aconsolidated subsidiary.
Installed facilities at the Mihara East Plant (Hiroshima Prefecture) for verification of large etched
metal mask products
In process of installing new large metal mask production line at Kurosaki Plant (Fukuoka
Prefecture)
Expanded photomask production line at D.T. Fine Electronics’ Kitakami Plant (Iwate Prefecture)
Increased capacity of middle-end photomask production line, etc. at the Kamifukuoka Plant(Saitama Prefecture)

Achieved cost reductions and improvements in operational efficiency through the introductionof an indirect material procurement system
Enhanced the competitiveness of secure information, strategic packaging products, and others

Forecast
50.3 billion
yen(Previous year:
32.3 billion yen)

Forecast34.0 billion
yen(Previous year:
46.6 billion yen)18

Progress with Medium-term Management Plan:
Progress of Business Structure Reform in FY2023
New business

Development

Reinvestment

Growth-driving businesses

 Made Hacosco, which develops XR and “brain tech,” a group company
 Provided metaverse services for local governments and companies
 Content & XR Communication Division established to consolidate and unify
relevant organizations within the company (from April 2024)
 Made CMIC CMO, a pharmaceutical formulation development andmanufacturing support business, a subsidiary DNP Fine Chemicals Utsunomiya Co., Ltd. entered the high-potency API
business
 Made UBE Scientific Analysis Laboratory (USAL), a material analysis
company, a consolidated subsidiary Expansion of production capacity for metal masks for manufacturing organic
light-emitting diode displays (OLEDs)
 Capital and business alliance with SCIVAX for contract manufacturingbusiness for mass production of nano-imprinting Expansion of production capacity for photomasks, etc.
 Resolution to invest in Shinko Electric Industries
 Acquisition of land for construction to expand battery pouch manufacturingsite (US)Expanded business areas by leveraging synergies with external companies

Executed investments to expand production capacity and business areas

Business for reforming Optimization of manufacturing sites for commercial printing and book andmagazine printing Promoted optimal personnel allocation by reskilling from paper media
business (commercial printing, book and magazine printing) to service
business areas (BPO, XR, etc.)
 Closed manufacturing facilities in the packaging-related business (Chubu
Businessarea)
review
 Improved profitability in the packaging-related business through priceStrengthening
revisions and production efficiency improvements
of profitability

Focused on improving profitability through reorganization of
manufacturing sites and optimal personnel allocation
Contraction
Withdrawal

Invest earnings obtained
from stable businesses

Stable business Launched new company (DNP CoArise Co., Ltd.) in preparation forstrengthening and expansion of BPO services
 Reinforced BPO system by expanding BPO locations (West Japan area) Expanded global sales offices in the photo business (Spain)

Strengthened profitability by reviewing the structure and expanding
the number of business locations

19

Progress with Medium-term Management Plan:
Structural Reform of Existing Printing BusinessWe will maximize cash provided by reallocating management resources in response to market trends and accelerating the development
and global expansion of products and services that leverage DNP's strengths to create an ALL DNP investment resource.

■ Reallocation of Management Resources (FY2020-FY2023)(Manufacturing sites)(Human resources)New

Growth-driving

XR content & communication, etc.

Digital interfaces,
semiconductors, industrial highperformance materials, etc.

-15%

Generated over 20 billion yen
in cash through asset sales

StableExisting printing 1,000 employees
or moreOutside DNP Group

Choosing a career outside the company

Imaging communication andsecure information, etc.
Management base

Start of FY2020 End of March 2024

Corporate divisions and others■ Initiatives going forward✓✓

Provide customers with optimal information in a variety of real and digital formats by combining the latest digital technology with
our track record and expertise in communication measures developed through our printing businessAccelerate global expansion of packaging-related business by combining DNP’s core technologies such as converting, film
formation, and vapor deposition with environmental and high-performance films

20Progress with Medium-term Management Plan:
Cash Allocation
Appropriate allocation of cash generated to further business growth and shareholder returns
Cash Generation

Cash Allocation Strategy

Generation of 750 billion yen or morein cashBusiness investment
FY2023 result

Generation of operating C/F:

Operating C/F result:
72.5 billion yen

440 billion yen or more

- Sale of strategic shareholdings:
220 billion yen(reduction to less than 10% of net
assets)- Reduction of idle assets,utilization of interest-bearing
debt, maximization of cash
efficiency: 90 billion yen or more•

Growth investment andinfrastructure development
investment:
390 billion yen or more
Of which investment into focus
business areas:
260 billion yen or more

FY2023 result
Sale of strategic shareholdings:
Result: 80.8 billion yen

April 2024
Sale of strategic shareholdings:
Gain on sale: 58.6 billion yen

Year: Fiscal year FY2023: ended March 31, 2024
FY2027: ending March 31, 2028

Shareholder returns
Plan to acquire around 300 billion
yen in treasury shares
Dividend policy conscious of EPS
and DPSFY2023 result
Growth investment andinfrastructure development
investment:
84.3 billion yen
Of which investment into focus
business areas:
50.3 billion yen

FY2023 result(First round)
Completed acquisition of 100 billion yen intreasury shares(Second round)
Acquiring around 50 billion yen in treasury
shares(Acquisition period: March 11 to
September 30, 2024)

21

Progress with Medium-term Management Plan: Sale of Strategic Shareholdings
and Acquisition of Treasury Shares
5 years from FY2023 to FY2027 Cash Allocation(1) Sale of strategic shareholdings: 220 billion yen
On April 16, 2024, the Company announced the sale of one listed stock it held and the recording of gain on sale ofinvestment securities (extraordinary income) of 58.6 billion yen.
FY2023 result

Sale of strategic shareholdings:
80.8 billion yen

From April 2024

Sale of strategic
shareholdings:(Gain on sale:58.6 billion yen)

(2) Acquisition of Treasury Shares: 300 billion yen
The first round of acquisition of treasury shares of 100 billion yen (buyback period: March 10, 2023 to February 22, 2024)
was steadily executed, and a new second round of acquisition of treasury shares of 50 billion yen was announced in March
2024. As a result, the Company plans to acquire 150 billion yen of treasury shares over 1.5 years.

(First Round) Acquisition of Treasury Shares
100 billion yen
From March 2023 to February 2024

(Second Round) Acquisition of Treasury Shares
50 billion yen
From March 2024 to September 2024

22

Progress with Medium-term Management Plan:
Balance of Strategic Shareholdings
3,500

3,000

2,500

Balance(¥billions ）

118.6

304.8

-80.8

26.5%
22.8%

224.0

342.6

（-58.6 or more）

27.7%（284.0 or less）

30.0%

22.8%

（23.0%）

25.0%（18.1%）

20.0%（19.5%）

2,000

35.0%

（15.8%）
1,500

15.0%

1,000

10.0%

500

5.0%

0

2023/3期

売却

当初見込み

株価の上昇等

2024/3期

2024/4

売却後売却

政策保有株式政策保有株式政策保有株式政策保有株式（みなし保有株式含む）（みなし保有株式含む）（みなし保有株式含む）（みなし保有株式含む）

残高

残高

残高

残高

* The figure above is an illustration of the state of reduction of DNP’s strategic shareholdings togive a better understanding of its efforts to reduce strategic shareholdings.

政策保有株式／純資産
政策保有株式（みなし保有株式を含む）／純資産

0.0%

23

Progress with Medium-term Management Plan:
State of Reduction of Strategic Shareholdings
We have proceeded to reduce the number of listed stocks held by 173 (-64%) from 269 at the end of FY2014.
(Number of stocks)

300

269
250
250

Stocks held reduced by 173 (down 64%)
since the end of FY2014 before the applicationof the Corporate Governance Code

237
222
204
191

200

150
150

129
111

96

100

50

0
End of March2015

End of March2016

End of March2017

End of March2018

End of March2019

End of March
2020

End of March
2021

End of March2022

End of March2023

End of March
2024

Start of application of Corporate Governance Code in June 201524

Progress with Medium-term Management Plan:
Strengthening Business Based on Non-Financial Strategy
Key Issues
Strengtheningof humancapitalEnhancementof intellectual
capitalEnvironmental
initiatives

Support for Career Self-Reliance of
employees and strengthening oforganizational capability

Health and productivity management that
increases the happiness of employees

Hiring, personnel assignment and reskillingbased on human resource portfolio

Promotion of D&I utilizing diverse individuality

Creation of new businesses and strengtheningof technological strengths

Global rollout of technological strengths

Strengthening of stable businesses andcultural reformRealization of data management infrastructure

Decarbonized society

Recycling-oriented societySociety in harmony with nature

Initiatives and Results in FY2023



Newly established the Career Self-Reliance Support Payment, and implemented wage hikes inexcess of 5% for the second consecutive year



Expanded training programs to strengthen management and individual employee capabilities

Shifted personnel from areas subject to structural reform to focus areasEstablished internal health and wellbeing awards to recognize factors other than business revenuePromotion of utilization of generative AI- Developed AI infrastructure, opened Generative AI Lab Tokyo, formulated DNP Group AI Ethics
Policy

Capital and business alliance with UBE Corporation



Chosen among “DX Stocks 2023” evaluating and announcing companies that are actively engaged
in DX



Progress in reducing GHG emissions and resource recycling rate exceeded plan
- Major environmental targets raised and updated (announced on April 25)

Selected in CDP “A-List” for the second consecutive year, the highest rating in the area of climatechangeCreated and expanded sales of super-eco products (eco-friendly products)

“Ichigaya-no-Mori” (Ichigaya forest) was highly evaluated as a “new form of urban forestation”

25Progress with Medium-term Management Plan:
Main Indicators in Non-Financial Strategy

Human capitalIntellectual
capitalEnvironment

FY2022

FY2023

FY2025ResultResult/Forecast

TargetEmployee engagement survey score-+3%

Up 10% from FY2022

Completion of DX literacy standard basic education course-

24,114 people

27,500 people eligible

Percentage of female managers

8.4%

9.4%

12% or more

Percentage of eligible men taking childcare leave

83.6%

98.7%

100%

R&D investment (annual)

32.4 billion yen

35.2 billion yen

Number of data management infrastructure users

3,678 people

6,504 people

6,000 people

Reduction of GHG emissions (Scope 1+2)

Down 36.5% from

Down 37.1% from

Down 40% from

FY2015FY2015

Resource recycling rate

58.0%

61.9%

56.7%

Reduction of water usage

Down 38.1% from

Down 41.3% from

Down 35% from

Percentage of items in compliance with the Guidelines for
Procurement of Paper for Printing and Converting

FY201594%

Maintain in range of

30.0 billion yen

FY2015(FY2030 target)

FY2015FY201598%(FY2030 target)

100%

26

Setting New Challenging Environmental Targets
with Increased Targets for GHG Emissions, Etc.
We are promoting activities with medium-term targets toward the realization of Environmental Vision 2050
In April 2024, we updated the medium-term target for GHG emissions to the 1.5°C level of the Science Based Targets (SBTs).

＜Roadmap to Carbon Neutrality>
Current target(WB2°C)
Million t-CO2 of GHG emissions(Scope1+2)* WB: well below

1.4

40%
reduction

1- Energy-saving,activities, replacement with high-efficiency equipment- Conversion of business portfolio- Introduction of renewable energy

from2015 levels

0.8
0.6

BM
2015

Result36.5%
reduction

0.4- Introduction of renewable energy
2050 target:

To achieve
net-zeroGHG
emissions

0.2
0

2015
2015

2019
2019

2022
2022

Increased due
to MA and legal
1.2
amendments

2030
2030

1.4

Million t-CO2 of GHG emissions(Scope1+2)

Updated target(1.5°C)

2030 target:

1.2

2040
2040

2044

- Introduction of next-generation energy sources
2050
2050

* Figure according to the 4.2% reduction
per year defined in the SBTs

2030 target:
vs. 2019

46.2%*

1

reduction
0.8- Introduction of renewable energy

0.6

New BM2019

0.4

2050 target:

To achieve
net-zeroGHG
emissions

0.2
0

2015
2015

2019
2019

2022
2022

2030
2030

2040
2040

2044

- Introduction of next-generation energy sources- CCS- CCUS
2050
2050

27

Setting New Challenging Environmental Targets
with Increased Targets for GHG Emissions, Etc.
Unify the target year for other mid-term targets to FY2030 at the same time as the target for reduction of GHG emissions.

Theme

Updated Medium-Term Target
Target Year: FY2030

Previous Medium-Term Target
Target Year: FY2025 (FY2030 for GHG)

Reduction of GHG
emissions

46.2% reduction*1 of GHG emissions compared to FY2019(1.06 million tons → 0.57 million tons)

40% reduction of GHG emissions compared to FY2015(1.2 million tons → 0.72 million tons)

Improvement of
resource recycling rate

Achieve 70% resource recycling rate of all unwantedmaterial

Improvement by 5 points compared to FY2015(51.7->56.7%)

Reduction of waterusage

30% reduction of per-unit water usage compared to FY2019(6.71 m3/million yen → 4.70 m3/million yen）

35% reduction of per-unit water usage compared to FY2015(8.82 m3/million yen → 5.73 m3/million yen）

Expansion of sales of
eco-friendly products
and services

Expand super-eco products*2 share of total sales to 30%

Expand super-eco products’ share of total sales to 10%*1 The target for reduction of GHG emissions is “4.2% reduction per year compared to the base year” in accordance with the “1.5°C target (a target level to limit thetemperature increase since the Industrial Revolution to within 1.5°C),” which is the effort target set in the Paris Agreement.
*2 Highly environmentally friendly products and services are specified as “super eco-products” according to DNP’s own evaluations.

28Disclaimer
The earnings forecasts, medium-term management targets, and other forward-looking statements
contained in these materials represent DNP’s judgement of the current outlook based on information
available at the time of preparation, and involve potential risks and uncertainties. Actual performance
may therefore differ materially from these forward-looking statements due to changes in the various
assumptions on which they are based.