Tower A, Grand Front 4-20, Ofuka-cho, Kita-ku, Osaka, 530-0011, https://www.nitto.com/jp/en/ nitto

CATALOG CODE : 00999 Issued in August 2019 1908 F 10 I D Contribute to customers’ value creation with innovative ideas

In 1918, during a time when it was difficult to procure materials from abroad due to the First World War, Nitto Denko Corporation (referred to as Nitto hereafter) was founded as Nitto Electric Industry Co., Ltd. (Nitto today) in Osaki, Tokyo with the aim of realizing domestic production of insulating materials needed for electronics.

Since it was founded, Nitto faced many crises. However, Nitto has overcome these crises and refined its foundation to become what it is today by pouring everything it had into each and every product, and by pursuing customer service. By continuing to work together with customers, we are now developing our business globally to offer various products in fields such as electronics, automobiles, housing, infrastructure, environment, and life science, based on our core technologies of adhesive and coating technology.

In today's world, social issues have become even more diverse and complex as we move forward into a new age, and society is changing at a pace that is faster than ever. In such a world, the Nitto Group aims to balance providing solutions for social issues and enhancing corporate value, challenging ourselves to achieve an even more comfortable lifestyle for people. More than ever, we wish to continue to be a company that is needed by the world.

Hideo Takasaki The Nitto Group will continually challenge to inspire the world and create values that Representative Director, President society recognizes, taking the changes of the society as an opportunity with our corporate CEO mission of “Contribute to customers’ value creation with innovative ideas”. Nitto Denko Corporation

01 02 Everywhere, Comfortable Life Housing / Housing Equipment Medical The housing industry is increasingly faced with highly demand Nitto has continued its challenges with Nitto has secured the global top share in the synthesis of functions, such as solar cells, storage batteries, and an integrated nucleic acid medicines. Nitto’s transdermal adsorption management system for household appliances. Nitto is the near future in mind in areas no one else has ever challenged. drugs that apply its adhesive technology have been doing its best to meet these advanced requirements highly acclaimed for their reliable production by providing the materials and parts needed technology based on long-standing for these applications. experience.

Packaging Electronic Devices Infrastructure Industries Automotive and Transportation Equipment

Nitto provides a wide range of tape products that are used in Nitto provides a wide range of products for manufacturing Nitto offers products and technical services, including filtration Nitto provides new value to meet the recent needs of the various applications. Some of the products include tape for processes and parts, including semiconductor and electronic that help protect water resources through seawater desalination automobile field, through technologies such as lightweight, cardboard packaging, temporary adhesion tape that doesn’t component manufacturing process materials, optical device and reuse of drainage water. In addition, Nitto has advanced and the evolution of power modules for environmental leave any adhesive residue when removed, and security sealing materials, and HDD peripheral materials. its research and development in the field of new vehicles and electrical equipment developed in tape that makes it possible to know that the energy, providing materials for wind power pursuit of safety and amenity. tape was tampered with. generation.

Consumer Products / Home Appliance and Materials Displays Personal Care Products Electrical Equipment Nitto supplies the consumer market with various materials Nitto offers a diverse lineup of products for various applications. Beginning with surface protection films, Nitto provides Nitto offers valuable solutions that incorporate its unique from housewares to materials used in hygienic goods, such This wide variation includes ultra-thinseal ant materials, which are a diverse lineup of products for processing materials such technologies and products. Nitto has experience in producing as diapers. These products help customers achieve a practically free of impure substances that cancontaminate as metal plates, resin substrates, glass sheets, etc. high-definition image, durable, thin, and lightweight more comfortable way of life. devices; as well as double-sided tapes which can technologies in various types of optical and replace mechanical fasteners such as screws. adhesive film for displays and touch panel devices.

03 04 Both Business Divisions and Corporate Divisions work together for research and development. What Makes Staying close to our customer is one of Nitto’s corporate culture. Research & The Corporate R&D center consists of 3 divisions: Corporate Research and Development Division, Nucleic Our strength is in our corporate culture, Acid Medicine Business Division and New Business Development Division. In addition, the Intellectual the Nitto Group Unique and it is how we expand our business activities. Development Property Division, Process Technology Division and Manufacturing Technology Division are collaborating closely for creating the future businesses and technologies.

An integrated facility for R&D Sanshin Activities Niche Top Strategy and Human Resource Development “ inovas” Global R&D system

Nitto’s unique marketing approach stimulating new demand Shooting for the leading share by leveraging proprietary technologies inovas, established in 2016, is a central location for R&D and human Nitto Group has globally established R&D centers and promotes local- through the development of new applications and new products in niche markets where we have a competitive advantage resource development functions. inovas also includes an innovation center ly-initiated R&D, based on specific regional traits. that encourages interaction with customers to create new values. The By integrating a wide range of knowledge and techniques, and generat- name of the facility combines the words "innovation" with "nova" (Latin for ing new value chains, we strive for developing our unique technologies Finding “new” applications for exist- The Niche Top strategy is Nitto Group’s "new star"), which is named under a hope of creating countless "new stars" and making steady progress for the seeds of business. ing products and then adding new unique focus/differentiation strategy, under Market (core businesses) through innovation. technologies to them or using new which we pour our management re- Existing New technologies to develop “new” prod- sources into niche market spaces where Corporate ucts and then expanding their appli- we can tap into our proprietary technologies R&D sector cations, thereby creating “new” New New and maximize our competitive advantage [ Japan ] product demand

demand - Literally translated as New in the ever-growing (-changing) market. development creation “three new activities,” Sanshin Activi- The Global Niche Top™ strategy directs Nitto Qingdao ties is Nitto Group’s proprietary mar- our drive for a leading share in the global Technology Nitto Denko keting approach which we have dil- market, whereas the Area Niche Top™ Research Institute Technical Technology New [ China ] [ San Diego, U.S.A. ] igently followed for more than 50 Existing application strategy guides us to the leading position business development years by repeating the cycle of the Existing in and regional markets as we three “news” for continued progress. offer products that meet the specific needs of each area.

Core Technologies Corporate Culture

Developing products that meet customer needs Indicating our Values, Attitudes and Mindset, by combining the four core technologies and Code of Conduct “The Nitto Way”

The Nitto Group’s core technologies are: polymer The passion, wisdom, and values of synthesis/processing technologies (whose origin the various senior employees who Nitto Denko Nitto BioPharma dates back to the founding days) and adhesion, Polymer have shaped the Nitto Group since its Asia Technical [ Singapore ] [ San Diego, U.S.A. ] coating, polymer function control, and polymer function control foundation have now taken the form analysis/evaluation technologies that have been technology of “DNA” that can be found in each derived from the two founding technologies. Adhesion and every member of the Group. Through their combination and continued develop- technology These principles and ideologies are ment, we have broadened the scope of their appli- stipulated as “The Nitto Way,” Nitto has been selected as one of the Coating cations to include automotive and transportation- which serves as our standard for technology "2018-19 Derwent Top 100 Global Innovators" equipment, housing and housing equipment, social judgment and is something that we Polymer TOPICS infrastructure, materials, home electronics and analysis and all turn to in situations of uncer- Nitto has been selected as one of the "2018-19 Derwent Top 100 Global Innovators" for the 8th electronic equipment, displays, electronic devices, evaluation tainty. consecutive year since 2011 by Clarivate Analytics. The "2018-19 Derwent Top 100 Global Innovators" medical-related materials, packaging materials, technology list recognizes the most innovative companies and research institutions in the world. and consumer products.

05 06 Technology Innovation

For a century, Nitto group has created various products Waterproofing, airtight tape Masking tapes for Transdermal patches Particles for Nucleic Acid for housing construction painting of buildings for local anesthetic Synthesis based on 4 core technologies without being left behind Thin film metal core substrate Construction Materials for magneto resistive head Medical Products the shifting trends and expanding into diversified Printed Circuit Products High performance Super clean foam business domains by applying advanced technologies and products. sealing material

Sealing Materials

Polarizing films Transparent electro- conductive film

Films for Flat Panel Displays

Fluoroplastic Fluoroplastic porous Optical clear Low VOC double-coated adhesive tape film adhesive sheet adhesive tape Ultra-thin double-coated Engineering Plastic Products adhesive tape Bonding and Jointing Products Transparent epoxy Die attach film with pressure- Precision Electric Component- encapsulating resin sensitive dicing tape related Materials

Semiconductor-related Products

Multi-layered Electrical insulation laminate material vinyl tapes Surface protection material for Seawater desalination electronic and optical devices spiral RO membrane Electrical Insulation Materials Surface protection film Surface protection film for Optical Process Materials for laser processing automotive coating Membrane Products

Surface Protection Materials Polyimide adhesive Thermal release tape sheet Electric Component-related Products and Process Materials

Adhesion technology Coating technology Stationery Adhesive cleaner Core Technologies Consumer Products

Polymer function control technology Kraft packaging Carton sealing tape machines

Packaging Products Athletic tapes Surgical tapes Ultrahigh-molecular weight Barcode labeling porous polyethylene film system Health Care Products General Process Materials 07 Polymer analysis and evaluation technology 08 The Nitto Group has identified material issues for sustainability in order to simultaneously solve social issues Sustainability and enhance corporate value. Two criteria were used for selection: whether it is for “co-creating value through innovation,” which is achieved through products and services, and whether it is for “enhancing management S quality for co-creating value,” which is made possible by reinforcing the management foundations. In addressing es for ustain ssu abi these, we begin by recognizing risks and opportunities associated with each issue and feed them back to al I lity eri business plans. at M ● Development of infrastructure for intelligent society

● Recruitment/ ● Reduction in traffic jams/accidents development of HRs

● Diversity & inclusion ● Provision of public transportation services for vulnerable road users Secure and convenient lifestyle

Enhancing Management Corporate culture that satisfies diverse HRs ● Promotion and spread of renewable energy and Co-creating Quality for energy conservation ● Enhancement of safety Value through Co-Creating and quality of products ● Promotion of cyclic use of Innovation Value plastics, metals, water, (Issued to be ● Improvement of (Issued to be workplace environment carbon, and other materials Addressed through Addressed by Products and Reinforcing ● Respect for human ● Prevention of air, water, Services) the Business rights in supply chains and soil pollution Foundation)

Sustainable circular society

Safe manufacturing ● Support for health and longevity ● Reduction in (lifestyle-related diseases, CO emissions non-infectious diseases) ● Efficient use of energy, ● Provision of healthcare and raw materials, water, and long-term care services to aII other resources

● Control of ● Emissions-reduction of infectious diseases pollutants and on a global scale hazardous substances

Sound and healthy life Environmentally friendly processes

09 10 Corporate Data ORGANIZATIONAL CHART Board of Directors Audit Committee

Established October 25, 1918 NITTO DENKO CORPORATION Board Member President Headquarters Tower A, Grand Front Osaka 4-20, Ofuka-cho, Kita-ku, Osaka, 530-0011, Japan Capital 26.7 billion yen Common stocks are traded in , First Section. Export Control Center Fiscal Year End March Nitto Global Business Academy Sales Consolidated : 806 billion yen Non-consolidated : 490 billion yen Corporate Future Strategy Management Div. Employees Consolidated : 29,019* *including assistant personnel Non-consolidated : 6,161* As of April 26, 2019 Corporate Technology Sector Ibaraki Office Brand Strategy Div.

EXECUTIVES President & CEO & COO Senior Executive Vice President Toshihiko OMOTE Representative Director, B.O.D Hideo TAKASAKI Michio YOSHIMOTO Quality, Environment & Safety Management Sector Corporate Accounting & Finance Div. Representative Director Executive Vice President Yasushi NAKAHIRA Senior Executive Yukihiro IIZUKA Sales Management Sector Corporate Sustainability Div. Vice President Board Member Toshiyuki UMEHARA Senior Vice President Yasuhito OHWAKI Senior Executive Vice President Sam STRIJCKMANS Functional Base Products Sector Toyohashi Plant Legal and Corporate Affairs Div. Board Member Toru TAKEUCHI Jun YAMASHITA Executive Vice President Nobuhiro TODOKORO Toshihiko TAKAYANAGI Kazuki TSUCHIMOTO Transportation Business Sector Kanto Plant Corporate IT Div. Senior Vice President Board Member Yosuke MIKI Vice President Hiroshi FUKUHARA Seiji FUJIOKA Information Fine Materials Sector Onomichi Plant Procurement Business Div. Outside Director Yoichiro FURUSE Atsushi UKON Takashi HATCHOJI Bae-Won LEE Tamio FUKUDA Yasuhiro ISEYAMA Information and Communication Technology Sector Kameyama Plant Logistics Management Div. Corporate Auditor Masami KANZAKI Norio SATO Katsuyoshi JO Shin TOKUYASU Medical Div. Tohoku Plant Human Resources Management Div. Tatsuya OSUKA Outside Auditor Masashi TERANISHI Mehrdad TABRIZI Masakazu TOYODA Tatsuya AKAGI Membrane Div. Shiga Plant Business Reform Promotion Div. Mitsuhide SHIRAKI Kenjiro ASUMA

CONSOLIDATED PERFORMANCE Net Sales Operating Income ¥ Billion 856.2 ¥ Billion 125.7 825.2 806.4 793.0 120 767.7 800 749.5 110 106.7 102.3 TOPICS Nitto is the Title Sponsor 700 671.2 100 92.5 92.7 607.6 90 for the ATP Finals in London 600 80 72.5 500 70 68.4 Nitto is proud to be the title sponsor for the Nitto ATP Finals, the season ending 60 56.4 finale of the ATP World Tour. 400 50 Nitto will continue to make strides as a global company through the sponsorship 300 40 of the “Nitto ATP Finals” and continually challenge to inspire the world and create new value. Global growth helps create innovation with customers 200 30 20 around the world. 100 10 0 0 ©Wonderhatch.co.uk 2011 2012 2013 2014 2015 2016 2017 2018 FY 2011 2012 2013 2014 2015 2016 2017 2018 FY

11 12 Nitto employees in each site work together to contribute The Americas East Asia Global Network to create values for customers. Nitto, Inc. Nitto Denko (China) Investment Co., Ltd. Nitto Automotive, Inc. Nissho (Dalian F.T.Z.) International Trading Co., Ltd. Nitto Denko Avecia Inc. Nitto Denko (Tianjin) Co.,Ltd. Hydranautics Nissho Precision (Wuxi) Co., Ltd. Kinovate Life Sciences, Inc. Suzhou Nitto Matex Electronics Co., Ltd. Nitto Avecia Pharma Services Inc. Nitto Denko (Shanghai Songjiang) Co., Ltd. Nitto BioPharma, Inc. Nissho Sangyo (Shanghai) Co., Ltd. Nitto Denko Technical Corporation Shanghai Nitto Optical Co., Ltd. Nitto Innovations, Inc. Nitto (China) New Materials Co., Ltd. Nitto Denko Automotive de Mexico S.de R.L.de C.V. Nitto Shinko (Suzhou) Co.,Ltd. companies Nitto Denko de Mexico, S.de R.L. de C.V. Nitto (Qingdao) Technology Research Institute Co., Ltd. Europe Nitto Denko America Latina LTDA. Nissho Precision (Dongguan) Co., Ltd. and others Nitto Matex (Shenzhen) Co., Ltd. Nitto Denko (Foshan) Co., Ltd. Europe Shenzhen Nitto Optical Co., Ltd Nitto Denko (HK) Co., Ltd. Nitto EMEA NV Nissho (Hong Kong) Limited. companies Nitto Belgium NV Nitto Denko Fine Circuit Technology (Shenzhen) Co.,Ltd. Nitto Bento Bantçılık San. ve Tic. A.Ş . Nitto Denko (Taiwan) Corporation East Asia Nitto Otomotiv San. ve Tic. Ltd. Sti. Taiwan Nitto Optical Co., Ltd. Nitto Denko UK Ltd. Taiwan Nitto Corporation Nissho Hungary Precision KFT. Korea Nitto Optical Co., Ltd. companies Nitto Denko Czech s.r.o. Korea Optical High Tech Co., Ltd. The Americas Nitto Switzerland AG Korea Nitto Denko Co., Ltd. Nitto Deutschland GmbH Nitto Denko Nitoms Korea Co., Ltd. Nitto France s.a.r.l. and others Nitto Scandinavia AB Nitto Italia s.r.l. South Asia Nitto Polska Sp. z o.o. companies Nitto Rus LLC Nitto Denko (Singapore) Pte. Ltd. Nissho (Singapore) Pte. Ltd. Japan Japan Nitto Denko Asia Technical Centre Pte. Ltd. Nissho Precision (Thailand) Co., Ltd. Nissho Corporation Nitto Matex (Thailand) Co., Ltd. Nitoms, Inc. Nitto Denko Material (Thailand) Co., Ltd. Nitto Denko CS System Corporation Nitto Denko Materials (Malaysia) Sdn. Bhd. Others Nitto Shinko Corporation Nissho Precision (Malaysia) Sdn. Bhd. South Asia Life Science Nitto L Materials Corporation Nitto Denko Tape Materials (Vietnam) Co., Ltd. Industrial Tape Japan Matex Kakoh Corporation Nissho Precision Vietnam Co., Ltd. Japan Fukushima Nitto Shinko Corporation Nitto Vietnam Co., Ltd. Aichi Nitto Denko Corporation Nitto Denko Vietnam Co., Ltd. companies Saitama Nitto Denko Corporation Nitto Denko Philippines Corporation Revenue Revenue The Total Americas South Asia Nitto Seiki Co., Ltd. Nissho Precision Philippines Incorporated Mie Nitto Denko Corporation Nitto Denko (Australia) Pty. Ltd. The Americas Nitto Denko Medical MFG. Co., Ltd. PT. Nitto Materials Indonesia Asia/ *including assistant personnel Optronics billion yen Oceania billion yen Europe Nitto Denko Himawari Corporation Nitto Denko India Private Limited Nitto Himawari Onomichi Corporation Nitto Reinsurance Micronesia Co., Ltd. East Asia Nitto Himawari Kameyama Corporation and others Europe Nitto Business Expert Corporation Nitto LOGI-COM Corporation Nitto Group details Nitto Analytical Techno-Center Co., Ltd. Nitto Group 92 companies* Segment Revenue Regional Breakdown of Revenue Regional Breakdown of Employees https://www.nitto.com/jp/en/about_us/corporate/group/ (current as of March 31, 2019) Nitto Himawari Ibaraki Corporation *Excluding 8 less significant companies Nitto Denko Corporation including those under liquidation. 13 14 Tower A, Grand Front Osaka 4-20, Ofuka-cho, Kita-ku, Osaka, 530-0011, Japan https://www.nitto.com/jp/en/ nitto

CATALOG CODE : 00999 Issued in August 2019 1908 F 10 I D