Nitto Group Report 2017

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3Nitto Group Report 2017Business Development of the Nitto Group191819611968196919741987199419951997199719991999200020002000Nitto Electric Industrial Co., Ltd. established in Osaki, Tokyo, to produce electrical insulating materials in JapanFirst overseas ofce established in New YorkNitto Denko America, Inc. (now Nitto, Inc.) establishedNitto Denko Taiwan Corporation, the rst overseas production site, establishedNitto Belgium NV establishedHydranautics of the U.S.A. acquiredNitto Denko (Shanghai Pu Dong New Area) Co., Ltd. establishedNitto Denko (Shanghai Songjiang) Co., Ltd. establishedNitto Denko Material (Thailand) Co., Ltd. establishedPT. Nitto Materials Indonesia establishedNitto Denko Vietnam Co., Ltd. establishedKorea Nitto Optical Co., Ltd. establishedKorea Nitto Denko Co., Ltd. establishedRegional headquarters Nitto Americas, Inc. (now Nitto, Inc.) establishedNitto Denko Technical Corporation established in the U.S.A.SwedenNitto Group 106 companies* (as of March 2017)*Includes affiliatesGermanyPolandHungaryCzechTurkeyRussiaFranceItalySwitzerlandBelgiumUKSingaporeEurope: 15 companiesEast Asia: 34 companiesSouth Asia: 19 companiesBases of Nitto (non-consolidated)ShanghaiTianjinSuzhouWuxiQingdaoThailandIndiaManufacturing / ProcessingSales onlyResearch and developmentOtherVietnamPhilippinesMalaysiaIndonesiaAustraliaDongguanShenzhenFoshanTaiwanKoreaDalianHong KongGroup CompaniesManufacturing / ProcessingSales onlyResearch and developmentOther19181950195519601965197019751980Sales in JapanOverseas salesSales in JapanOverseas salesConsolidatedNon-consolidated(FY)The Nitto Group gained its rst foothold outside of Japan upon the establishment of the New York Office in 1961, and has since made remarkable progress guided by the Global Niche Top® strategy. More recently, we have been accelerating our business expansion by embracing the Area Niche Top® strategy, which involves responding to the unique needs of a given region to seize a leading share in that market.• Sales Trends