Nihon Dempa Kogyo Co., Ltd. · TSE:6779
Nihon Dempa Kogyo — H1 FY2025 Earnings Presentation
32 slides from Nihon Dempa Kogyo's earnings presentation, Nov 19, 2025
Slide 1: First-Half Results for Fiscal 2025 (Ending March 31, 2026)
First-Half Results for Fiscal2025 (Ending March 31, 2026) November 19th, 2025 Nihon Dempa Kogyo Co., Ltd. ©NIHON DEMPA KOGYO CO., LTD.
Slide 2: Contents
Contents 1. First-Half Results for FY2025 (Ending March 31, 2026) 2. Full-Year Outlook for FY2025 (Ending March 31, 2026) 3. Medium-Term Management Plan and Market Outlook 4. About Our New Mission Presented by Hiromi Katoh, Representative Director and President 1 ©NIHON DEMPA KOGYO CO., LTD.
Slide 3: Summary of Financial Results
Summary of Financial Results ◼ Sales for 1H(Apr.-Sep.) FY2025 increased YoY. ◼ Operating income and below declined YoY while exceeded the forecasts. ◼ The forecast was surpassed mainly due to stronger demand for AI data centers and a greater yen depreciation than initially expected. ① ② ②-① ③ ②-③ （M
Slide 4: Net Sales by Application (YoY)
Net Sales by Application (YoY) ◼ Net sales for AI data centers and defense-related products increased YoY due to rising demand. Net Sales 1H 1H Factors of increase/decrease YoY (Billion yen) FY2024 FY2025 Automotive 14.6 14.6 +0.0 - electronics Mobile Decline in sales for smartphones and the impact
Slide 5: Operating Income - Analysis of Changes from FY2024
Operating Income -Analysis of Changes from FY2024- ◼ Upfront investment burden in R&D and related areas increased to achieve Vision 2030. -¥0.93billion (Billion yen) +0.43 +2.36 -0.22 Profitability fluctuations, Change in net sales Exchange -0.45 +0.02 etc. rate -0.19 -0.08 fluctuation1 Investment I
Slide 6: Financial Results (Quarterly)
Financial Results (Quarterly) ◼ Net sales in 2Q FY2025 increased QoQ mainly in automotive electronics, mobile communications, and industrial equipment. ◼ Operating income in 2Q FY2025 declined QoQ due to higher SG&A expenses and other factors. Net Sales Operating Income (Billion yen) (Billion yen/%)
Slide 7: Net Sales (by Main Application)
Net Sales (by Main Application) ◼ Net sales in 2Q FY2025 increased QoQ for all three applications. ◼ Net sales increased in mobile communications driven by smartphones, and in industrial equipment driven by AI data centers. Automotive Electronics Mobile Communications / IoT Industrial Equipment (Bil
Slide 8: Financial Position
Financial Position ◼ Shareholders’ equity ratio stood at 41.4% as of the end of September 2025. Refinanced 25 billion yen in interest-bearing debt Raised approx. ¥4.0 billion in March 2025. by the public offering (Billion yen) carried out in May 2022. (*1) (*1) (*1) (*1) 26.6 25.8 (*1) 23.5 Loans an
Slide 9: Contents
1. First-Half Results for FY2025 (Ending March 31, 2026) 2. Full-Year Outlook for FY2025 (Ending March 31, 2026) 3. New Medium-Term Management Plan and Market Outlook 4. About Our New Mission 8 ©NIHON DEMPA KOGYO CO., LTD.
Slide 10: Consolidated Financial Forecast - Upward Revision to Initial Forecast
Consolidated Financial Forecast - Upward Revision to Initial Forecast ◼ Demand for high-margin products for AI data centers and defense-related applications is expected to remain strong from 3Q onward. ◼ Revised initial financial forecast upward by ¥400 million for both net sales and operating incom
Slide 11: Financial Forecast (YoY)
Financial Forecast (YoY) ◼ Sales for FY2025 increase by approximately ¥300 million YoY. ◼ Operating income decline by approximately ¥1.4 billion YoY due to increased upfront investment burden toward realizing Vision2030. １５．８ (Million yen) FY2024 FY2025 Full Year Full Year YoY Result 1H Result 2H Fo
Slide 12: Net Sales by Application (Full Year Forecast)
Net Sales by Application (Full Year Forecast) ◼ Sales of products for AI data centers and defense-related applications are expected to drive revenue growth. FY2024 FY2025 Forecast Full Year Factors of increase/decrease (Billion yen) Full Year 1H 2H Full Year YoY Automotive 29.2 14.6 14.6 29.2 +0.0 F
Slide 13: Contents
1. First-Half Results for FY2025 (Ending March 31, 2026) 2. Full-Year Outlook for FY2025 (Ending March 31, 2026) 3. New Medium-Term Management Plan and Market Outlook 4. About Our New Mission 12 ©NIHON DEMPA KOGYO CO., LTD.
Slide 14: Medium-Term Management Plan (FY2025-2027) Management Targets
Medium-Term Management Plan (FY2025-2027) Management Targets ◼ To achieve Vision 2030, the medium-term plan includes a total of ¥20 billion in capital investment over three years. Vision2030 Medium- Term Targets 20.0% 13.6% 10.0% Operating Income 8.6% 8.7% 6.0% Ratio (Excluding special factors) 100.
Slide 15: Growth Strategy: Five Pillars + One Concept
Growth Strategy: “Five Pillars + One” Concept ◼ Allocate management resources to growth areas. Cash Generation Areas Industrial AI servers, Pillar3 Equipment optical transceivers Automotive Pillar1 Electronics Special Cash Pillar4 Equipment Defense, space Management Pillar2 Mobile Resources Professi
Slide 16: Automotive Electronics Market Outlook
Automotive Electronics Market Outlook ◼ The advancement of ADAS functionality in Level 2 autonomous vehicles is driving demand for crystal devices. ◼ Strengthen locally designed products to enhance competitiveness in the Chinese market. The advancement of ADAS functionality is Automotive Electronics
Slide 17: Mobile Communication/IoT Market Outlook
Mobile Communication/IoT Market Outlook ◼ Capturing high-frequency demand with compact crystal units equipped with photolithography blanks. Mobile Communication/IoT Product Composition Forecast(*2) for Market Sales Trend Smartphones and Connected Devices (Billion yen) (:2): Examples of Major Smartph
Slide 18: Industrial Equipment Market Outlook
Industrial Equipment Market Outlook ◼ Expand sales of high-margin crystal oscillators for optical transceivers and AI servers. ◼ NDK has obtained product certification for the 312.5 MHz frequency band required for 1.6T applications. Industrial Equipment Market Optical Transceiver Volume Forecast Sal
Slide 19: Industrial Equipment (AI Server)
Industrial Equipment (AI Server) ◼ Low-jitter, high-precision crystal devices are used across various components of AI servers. ■Compute tray ・CPU/GPU、NIC Top of Rack →SPXO(Differential output clock oscillator) Switch ・NIC(Network Interface Card) →SPXO High precision TCXO Compute Tray (Temperature C
Slide 20: Special Equipment Market Outlook
Special Equipment Market Outlook ◼ Heightened geopolitical risk preparedness is driving expected growth in defense and space-related demand. ◼ Strengthen our position as a Tier 2 supplier of communication equipment. Special Equipment Market Sales Trend Special Equipment Market Sales Trend (by Applic
Slide 21: Special Equipment Market: Unique in Crystal Devices
Special Equipment Market: Unique in Crystal Devices ◼ NDK is the only company that supplies both special crystal oscillators and frequency synthesizers. ◼ Nearly 100% of special crystal oscillators for domestic defense applications are made by NDK. ＜Industry Structure of the Defense Market＞ Tier 3 T
Slide 22: Optical Products Market Outlook
Optical Products Market Outlook ◼ From digital cameras to cameras for film and video production, and now for semiconductor manufacturing equipment — selling optical products in line with evolving needs. Optical Products1 Sales Trend Professional Cameras （Billion yen） Approximately 1.5x growth Semico
Slide 23: Optical Products: Generate Demand in Semiconductor Equipment
Optical Products: Generate Demand in Semiconductor Equipment ◼ Higher power and shorter wavelengths in semiconductor manufacturing are accelerating quartz glass degradation ⇒Laser-resistant optical products from NDK are gaining attention as a solution. 193nm (DUV) exposure and inspection equipment D
Slide 24: NDK's Source of Strength: High-Purity Synthetic Quartz
NDK’s Source of Strength: High-Purity Synthetic Quartz ◼ The quality of crystal devices is determined by the quality of synthetic quartz. ⇒ NDK's high purity synthetic quartz crystal with the impurity concentration suppressed to the utmost limit. Impurity Comparison: NDK N-Grade EX vs. Standard Opti
Slide 25: Capital Investment
Capital Investment ◼ Through smart factory transformation and DX investments, we aim to increase factory productivity by approximately threefold 1. 1 By FY2030, about three times compared to FY2023 （Billion yen） Enhancing Productivity by Implementing Next- Generation Lines ¥20.0 billion New Business
Slide 26: Sales and Income Ratio Image Toward FY2030
Sales and Income Ratio Image Toward FY2030 ◼ Aiming for sales of ¥100 billion and operating income ratio of 20% in 2030. （Billion yen） New Next Medium-Term Medium-Term Management Plan Management Plan 25 ©NIHON DEMPA KOGYO CO., LTD.
Slide 27: Contents
1. First-Half Results for FY2025 (Ending March 31, 2026) 2. Full-Year Outlook for FY2025 (Ending March 31, 2026) 3. New Medium-Term Management Plan and Market Outlook 4. About Our New Mission 26 ©NIHON DEMPA KOGYO CO., LTD.
Slide 28: Our New Mission
Our New Mission Our corporate philosophy reaffirms and makes clear that our strength lies in elemental wave technologies. We will apply the technologies we develop and possess to solving social issues. Our mission is to contribute to the realization of a comfortable, safe, and secure future society
Slide 29: NDK's Elemental Wave Motion Technology (Core Competence)
NDK’s Elemental Wave Motion Technology (Core Competence) Our World-Class Technology that supports Elemental Wave Motion communication reliability Technologies Technology that supports the interface between humans and machines Technology that provides highly accurate timing sources Technology for Tec
Slide 30: Publication of NDK Report 2025
Publication of NDK Report 2025 ◼ We published our first integrated report, providing details on the new corporate philosophy system, newly identified materiality and a value creation process diagram. NDK’s Value Creation Process Materiality Here is the link to the Website Here is the link to the Web
Slide 31: Expanding Horizons Through 'Wave Motion Tech Moves Our Future!'
Expanding Horizons Through ‘Wave Motion Tech Moves Our Future!’ The kHz–GHz frequency range handled by NDK represents only a small portion of the wave spectrum in the world of light (wave motion). Frequency range for Range used in the quartz product special equipment Range handled by group market op
Slide 32: Note on forward-looking statements
Note: Statements made in this presentation with respect to our current plans, estimates, strategies and beliefs and other statements that are not historical facts are forward-looking statements about our future performance. These statements are based on management‘s assumptions and beliefs in light