July 29, 2014
To: media representatives
President Shigeru Takaragi
TODA KOGYO CORP.
(Code: 4100, 1st Section of the Tokyo Stock Exchange)

Increased Capacity to Supply Ferrite Sheets for NFC Antennas
Business Partnership with Panasonic Excel Products Co., Ltd.
Increase in Use by Smart Phone Manufacturers
TODA KOGYO has expanded its production system of ferrite sheets for NFC antennas,
which are used in smart phones and other cell phones for Near Field Communication(NFC). Expecting a further increase in the demand for ferrite sheets, we recently enteredinto a business partnership with Panasonic Excel Products Co., Ltd. (main office: Osaka,Osaka Prefecture; manufacturing center: Miyazaki, Miyazaki Prefecture/Miyazaki
Factory Center), which has commenced producing consignments of ferrite sheets for us.
In 2012, we expanded the production capacity of our Otake Plant (Otake, HiroshimaPrefecture) in Japan to over 200 million units per year. In 2013, we also expanded theproduction capacity of TODA ISU CORPORATION, a South Korean company that forms
part of our corporate group, to over 200 million units per year. Panasonic Excel ProductsCo., Ltd.’s Miyazaki Factory Center has a production capacity of over 100 million units
per year. Thus, we have now secured the capacity to produce over 500 million ferrite
sheets per year.
Miyazaki Factory Center commenced full-scale production of ferrite sheets in 2006. Asa center for the manufacture of various modules and parts for Panasonic Group, it
possesses seasoned expertise and a long history of improving the processing accuracy offerrite sheets. As TODA KOGYO’s core competences concern material development, weexpect to create a synergy with the processing technology of Panasonic Excel Products
through production consignments to the latter.
Smart phones now account for over 50% of the global cell phone market. Over one
billion smart phones were sold in 2013, and over 1.7 billion are expected to be sold in
2016.
TODA KOGYO developed the ferrite sheet in 2002, and has obtained or applied for apatent in Japan and several other countries. In 2006, we began the full-scale mass
production of ferrite sheets. These have been adopted for wallet cell phones, which arewidely used in Japan. Demand for our products is growing rapidly as the NFC market isexpanding worldwide in concurrence with the increasing demand of “smart money.”
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We supply our products to manufacturers of NFC antennas mounted on smart phoneterminals around the world. To meet the expansion of the market, we intend to develop aproduction system suited to the global supply chain of smart phones. We expect thatcompanies belonging to our corporate group will achieve total sales of approximately 12
billion yen, including sales of related materials.

[Contact for inquiries]
TODA KOGYO CORP.
Toda Fine Material Company
Yuji Omote, Sub-leader, Business Promotion Department, GDSD (Global Device SolutionDivision)
TEL:03-5439-6040[Reference data]
1． Outline of TODA KOGYO CORP.
Location of head office: Mitsui-seimei Hiroshima-ekimae Bldg. 9F, 1-23 Kyobashi-cho,
Minami-ku, Hiroshima, Hiroshima Prefecture
Founded: November 30, 1933
Description of business: Production and marketing of chemical materials
Representative: Tadashi Kubota (Chairman), Shigeru Takaragi (President)
2． Outline of Panasonic Excel Products Co., Ltd.
Location of main office: Sakurabashi Toyo Bldg. 3F, 2-2-16 Sonezaki-shinchi, Kita-ku, Osaka,Osaka Prefecture
Founded: April 1, 2005
Description of business: Manufacturing, contract production, worker dispatch
Representative: Takashi Watanabe[Reference data/courtesy: Panasonic Excel Products Co., Ltd.]

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Exterior of Miyazaki Factory Center, Panasonic Excel Products Co., Ltd.

Processing and packaging of ferrite sheets

Processing and packaging of ferrite sheets

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Processing and packaging of ferrite sheets[Reference data/courtesy: TODA KOGYO CORP.]

Exterior view of Otake Plant, TODA KOGYO CORP.’s ferrite sheet factory

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Photo of a product (ferrite sheet for NFC antennas)

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