Nitto Denko Q1 Report 2024
Results by segments
- Industrial Tapes
- Electronics
- Demand for assembly materials used in high-end smartphones increased due to the expansion of models adopting these materials.
- Demand for process materials used in ceramic capacitors continued its gradual recovery.
- Process Materials
- Demand for process materials used in semiconductor memories continued its gradual recovery.
- Others
- In automotive materials, demand for insulation materials used in hybrid vehicles increased.
- Optronics
- Information Fine Materials
- Demand for optical films and other peripheral materials increased, as the productions of high-end smartphones by Chinese manufacturers, Electric Vehicles (EV) and Plug-in Hybrid Electric Vehicles (PHEV) remained strong.
- Demand for transparent conductive films (ITO) for tablets increased.
- Circuit Materials
- In Circuit Integrated Suspension (CIS), demand for Hard Disk Drives (HDDs) with high capacity used in data centers increased significantly.
- Demand for high-precision circuits used in high-end smartphones increased.
- Human Life
- Life Science
- Demand for nucleic acid synthesis materials (NittoPhaseTM) increased.
- Preparation is underway at our new plant established in Massachusetts, United States for production of projects that are expected to be commercialized at a future date.
- In nucleic acid drug discovery, Phase 1 clinical trial of intractable cancer drug has been completed. We are continuing to work toward out-licensing our pipeline.
- Membrane
- Demand for high-polymer separation membrane for various industrial applications decreased, mainly in China.
- Personal Care Materials
- Profitability improved as sales of new products for diapers and environmentally friendly products using biodegradable technologies
