This document was prepared based on the Company's Annual Securities Report in Japanese submitted to the Director of the Kanto Local Finance Bureau via Electronic Disclosure for Investors' Network ("EDINET") on June 17, 2026, pursuant to the Financial Instruments and Exchange Act of Japan. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail. The accompanying consolidated financial statements are audited by KPMG AZSA LLC.
In this document, "fiscal 2026" refers to the year ended March 31, 2026. All information contained in this document is as of March 31, 2026 or for fiscal 2026, unless otherwise indicated. This document does not contain or constitute any guarantee and the Company will not compensate any losses and/or damage stemming from actions taken based on this document.
Annual Securities Report
Fiscal Year For the year ended March 31, 2026 (The 161st Business Term)
Nitto Denko Corporation
Table of Contents
Page
The 161st Annual Securities Report [Cover]
Part I. | Company Information | 2 |
I. | Overview of the Company | 2 |
1. Key Financial Data | 2 | |
2. History | 6 | |
3. Description of Business | 8 | |
4. Subsidiaries and Affiliates | 10 | |
II. | Overview of Business | 14 |
1. Management Policy, Business Environment, and Challenge | 14 | |
2. Attitude and Initiatives toward Sustainability | 22 | |
3. Business Risks | 36 | |
4. Management Analysis of Financial Position, Operating Results, and Cash Flows | 48 | |
5. Material Contracts, etc. | 53 | |
6. Research and Development Activities | 54 | |
III. | Facilities | 57 |
1. Overview of Capital Investment | 57 | |
2. Major Facilities | 57 | |
3. Planned Addition, Retirement, and Other Changes of Facilities | 60 | |
IV. | Information about Reporting Company | 62 |
1. Company's Shares, etc. | 62 | |
2. Acquisition and Disposal of Treasury Shares | 67 | |
3. Dividend Policy | 69 | |
4. Corporate Governance | 70 | |
5. Employees, etc. | 118 | |
V. | Financial Information | 121 |
1. Consolidated Financial Statements and Notes | 122 | |
Independent auditor's report | 192 | |
2. Non-consolidated Financial Statements and Notes | 198 | |
VI. | Outline of Share-related Administration of Reporting Company | 212 |
VII. | Reference Information of Reporting Company | 213 |
1. Information about Parent of Reporting Company | 213 | |
2. Other Reference Information | 213 | |
Part II. | Information about Reporting Company's Guarantor, etc. | 215 |
(Translation) Independent Auditor's Report on the Financial Statements and Internal Control Over Financial Reporting 216
Internal Control Report 221
[Cover]
[Document Title] Annual Securities Report ("Yukashoken Hokokusho")
[Clause of Stipulation] Article 24, Paragraph 1 of the Financial Instruments and Exchange Act [Filed to] Director-General of the Kanto Local Finance Bureau
[Filing Date] June 17, 2026
[Fiscal Year] The 161st Business Term (from April 1, 2025 to March 31, 2026)
[Company Name] Nitto Denko Kabushiki Kaisha [Company Name in English] NITTO DENKO CORPORATION [Title and Name of Representative] Tatsuya Akagi, President-Director [Address of Registered Head office] 1-1-2, Shimohozumi, Ibaraki, Osaka
(The above is the registered address of head office, and business is actually conducted at the location below.)
Grand Front Osaka Tower A, 4-20, Ofuka-cho, Kita-ku, Osaka
[Telephone Number] +81-6-7632-2101
[Name of Contact Person] Yasuhiro Iseyama, CFO, Director
[Nearest Place of Contact] Grand Front Osaka, 4-20, Ofuka-cho, Kita-ku, Osaka [Telephone Number] +81-6-7632-2101
[Name of Contact Person] Kazunobu Takai, Manager of Accounting Dept. [Place for Public Inspection] Tokyo Sales Branch, Nitto Denko Corporation
Shinagawa Season Terrace,
1-2-70, Konan, Minato-ku, Tokyo
Nagoya Sales Branch, Nitto Denko Corporation Nagoya Hirokoji Bldg.,
2-3-1, Sakae, Naka-ku, Nagoya Tokyo Stock Exchange, Inc.
2-1, Nihombashi Kabutocho, Chuo-ku, Tokyo
Part I. Company Information
I. Overview of the Company
Key Financial Data
Consolidated financial data
Fiscal Year
International Financial Reporting Standards
157th Term
158th Term
159th Term
160th Term
161st Term
Year ended
March 2022
March 2023
March 2024
March 2025
March 2026
Revenue
(Millions of yen)
853,448
929,036
915,139
1,013,878
1,028,171
Profit before income taxes (Millions of yen)
132,378
146,840
138,901
185,329
184,976
Net profit attributable to
owners of the parent company
(Millions of yen)
97,132
109,173
102,679
137,237
133,498
Comprehensive income attributable to owners of
the parent company
(Millions of yen)
136,207
137,078
164,816
132,783
203,566
Equity attributable to
owners of the parent company
(Millions of yen)
821,192
902,211
984,020
1,044,083
1,148,027
Total assets
(Millions of yen)
1,094,469
1,153,647
1,251,087
1,321,920
1,441,757
Equity attributable to owners of the parent
company per share
(Yen)
1,109.62
1,236.60
1,391.36
1,502.42
1,704.17
Basic earnings per share
(Yen)
131.26
147.75
143.91
195.74
197.20
Diluted earnings per share
(Yen)
131.20
147.70
143.86
195.65
197.11
Ratio of equity attributable to owners of the parent
company to total assets
(%)
75.0
78.2
78.7
79.0
79.6
Return on equity attributable to owners of
the parent company
(%)
12.6
12.7
10.9
13.5
12.2
Price-earnings ratio
(Times)
13.4
11.6
19.2
14.0
15.5
Cash flows from operating
activities
(Millions of yen)
144,489
181,702
155,521
217,908
192,183
Cash flows from investing
activities
(Millions of yen)
(57,594)
(159,906)
(67,927)
(115,105)
(107,436)
Cash flows from financing
activities
(Millions of yen)
(36,639)
(57,627)
(90,784)
(78,890)
(106,597)
Cash and cash equivalents
at the end of the period
(Millions of yen)
362,046
329,966
342,269
363,344
359,805
Number of employees
25,961
26,070
25,300
25,769
26,477
(Separately, average
(Persons)
number of temporary
(2,425)
(2,123)
(1,934)
(1,840)
(1,683)
workers)
(Notes) 1. The Company has implemented the stock split with an effective date of October 1, 2024 and a record date of September 30, 2024. Each share of common stock has been split into five shares. The above equity attributable to owners of the parent company per share and basic, diluted earnings per share are based on the assumption that the stock split is conducted at the beginning of the 157th term.
Figures are rounded down to the nearest million yen.
Consolidated financial statements are prepared in accordance with the International Financial Reporting Standards (IFRS).
Number of employees indicates the number of working employees.