Financial Results for the First Half of the Fiscal Year Ending March 31, 2017

Second Quarter Financial Results for the First Half of the Fiscal Year Ending March 31, 2017 NOK CORPORATION (7240 / TSE1) November 9, 2016 Disclaimer Any plans, targets, forecasts, strategies, policies and opinions relating to NOK CORPORATION or NOK Group companies or other information contained in these materials that are not historical facts constitute forward-looking statements. The content of such statements is based on the best information available to management at the time of publication. Actual performance may differ substantially from projections due to changes in a number of important factors implying risk and uncertainty with the potential to affect results, including economic conditions across operating regions, prices and foreign exchange rates. While every effort has been made to ensure the accuracy of the content of these materials, NOK provides no assurances to that effect. NOK assumes no liability whatsoever for harm related to any errors that may be caused to persons attending this presentation. NOK Corporation retains the copyright on these materials: unauthorized reproduction or duplication is prohibited. 2

Table of Contents Page 4 Financial Results for the First Half of the Fiscal Year Ending March 31, 2017 Page 11 Page 19 Page 30 Page 42 Financial Results by Business Segment for the First Half of the Fiscal Year Ending March 31, 2017 Financial Forecasts and Financial Forecasts by Business Segment for the Fiscal Year Ending March 31, 2017 Business Overview by Industry and by Region References 3 Financial Results for the First Half of the Fiscal Year Ending March 31, 2017

The Market Trend Surrounding the NOK Group Motor Vehicle Unit Production Smartphone Worldwide Unit Shipments Domestic Export Overseas Production (Thousands of units) (Millions of units) 13,219 13,793 13,635 13,800 773 827 8,772 9,052 9,223 9,300 646 681 2,231 2,352 2,256 2,100 2,216 2,389 2,156 2,400 Apr-Sep Oct-Mar Apr-Sep Oct-Mar Jan-Jun CY2015 Jul-Dec CY2015 Jan-Jun CY2016 Jul-Dec CY2016 Source: Estimates by NOK CORPORATION 5 NOK Business Overview for the First Half of the Fiscal Year Ending March 31, 2017 NOK Business Overview Seal Business Demand from automobile manufacturers was weak in Japan, but robust in North America. Demand increased in China and Southeast Asia as well. Moreover, revenue rose, with signs of a recovery in demand from manufacturers of general industrial machinery. Operating income grew due to higher sales. Electronic Device Product Business Demand for automobile applications was solid, but sales fell due to a decline in sales volumes for smartphones, delays in launching new models, and the impact of exchange rates. Income fell sharply due mainly to reduced sales and changes in our product lineup (operating loss). Roll Business Sales declined due to a drop in new orders for printers and copiers. Despite the effect of lower expenses, operating income fell due to the impact of exchange rates. 6

Financial Results for the First Half of the Fiscal Year Ending March 31, 2017 [vs. ] [Net Sales] 40 [Income] 4 383.6 29.3 34.3 3 Net Sales 23.6 335.0 2 Ordinary Income Profit attributable to owners of parent 30 7.6% 11.3 3.4% 9.6 4.7 1 Margin Average Exchange Rate($/Yen) 121.47 107.13 7 Financial Forecasts for the Fiscal Year Ending March 31, 2017 [vs. ] [Net Sales] [Income] 80 746.1 12 664.0 60 9 Net Sales 40 6 Ordinary Income 20 48.3 6.5% 53.7 30.1 30.3 4.6% 31.1 21.2 3 Profit attributable to owners of parent Margin (Revised Forecasts on Nov.9) Average Exchange Rate($/Yen) 120.40 103.57 8

Interim Dividend for the Fiscal Year Ending March 31, 2017 Dividend Dividend Payout Ratio Interim 25 18.3 % Term-end 25 28.7 % Interim Dividend Term-end Dividend 50 15 35 50 25 25 50 (plan) 25 25 (plan) Dividend Dividend Payout Ratio Interim Term-end 25 25 (plan) 91.8 % 40.7 % (plan) 20 20 10 10 10 10 FY2012 FY2013 FY2014 9 10

Financial Results by Business Segment for the First Half of the Fiscal Year Ending March 31, 2017 Financial Results by Business Segment for the First Half of the Fiscal Year Ending March 31, 2017 (\ billion) YoY Changes Actual Actual Amount Ratio Seal Business Electronic Device Product Business Roll Business Others Total Net Sales 146.6 149.0 2.4 1.7% Operating Income 14.3 15.7 1.4 10.1% Net Sales 216.2 167.3 48.9 22.6% Operating Income 13.7 5.6 19.3 - Net Sales 14.8 11.8 2.9 19.9% Operating Income 0.9 0.6 0.3 35.7% Net Sales 6.0 6.9 0.8 13.9% Operating Income 0.3 0.5 0.2 60.1% Net Sales 383.6 335.0 48.6 12.7% Operating Income 29.3 11.3 18.0 61.4% 12

Seal Business: Financial Results [vs. ] [Net Sales] Net Sales [Operating Income] Results 20 Margin 3 15 10 146.6 149.0 14.3 15.7 2 Net Sales 149.0 bn (+ 2.4 bn YoY) Sales of vehicles were solid in North America, China, and other areas. Sales to manufacturers of general industrial machinery such as construction machinery, recovered. 5 9.6% 10.4% 1 Sales of vehicles completed in Japan (light vehicles, etc.) decreased. Exchange rate fluctuations had a negative impact. Capital Investment Depreciation 9.7 bn 8.3 bn 12.8 bn 8.1 bn 15.7 bn (+ 1.4 bn YoY) Operating income increased on the back of increased sales. Personnel and SG&A expenses increased. No. of Employees 18,975 19,244 13 Seal Business: Changes in [vs. ] Impact of Net Sales Raw Materials Cost Cost of Sales Reduction Personnel and SG&A Expenses Depreciation Impact of FX 5.4 0.6 0.2 3.3 14.3 + 1.4 bn 0.3 1.2 15.7 14

Electronic Device Product Business: Financial Results [vs. ] [Net Sales] Net Sales [Operating Income] Results 30 Margin 3 20 216.2 13.7 167.3 2 Net Sales 167.3 bn ( 48.9 bn YoY) Sales were sluggish for smartphones. Sales for automobile applications were strong. 10 1 Sales were sluggish for hard disk drives and digital 6.4% cameras. 5.6 Exchange rate fluctuations had a negative impact. 5.6 ( 19.3 bn YoY) 10 1 Operating income decreased on the back of reduced sales. Changes in our product lineup. Capital Investment 24.8 bn 22.7 bn Depreciation increased. Depreciation 10.7 bn 11.1 bn No. of Employees 29,650 25,852 15 Electronic Device Product Business: Changes in [vs. ] 13.7 Impact of Net Sales Yield Rate Cost of Sales Reduction Personnel and SG&A Expenses Depreciation Impact of FX 19.3 bn 18.5 0.6 1.5 0.2 2.1 0.2 5.6 16

Roll Business: Financial Results [vs. ] [Net Sales] 2 Net Sales Margin [Operating Income] 2.0 Results 15.0 14.8 11.8 Net Sales 11.8 bn ( 2.9 bn YoY ) Demand for multifunction copiers/printers remained flat, and the demand for printers decreased. 1 0.9 Sales declined due to a decrease in new product orders. Exchange rate fluctuations had a negative impact. 0.6 5.0 6.2% 5.0% 0.6 bn ( 0.3 bn YoY) Operating income decreased due to lower sales. Exchange rate fluctuations had a negative impact. Cost of sales reduced. Capital Investment 0.3 bn 0.3 bn Depreciation 0.6 bn 0.5 bn No. of Employees 2,592 2,139 17 Roll Business: Changes in [vs. ] Impact of Net Sales Raw Materials Cost Cost of Sales Reduction Personnel and SG&A Expenses Depreciation Impact of FX 0.9 0.3 0.1 0.3 bn 0.6 0.2 0.5 18

Financial Forecasts and Financial Forecasts by Business Segment for the Fiscal Year Ending March 31, 2017 Revised Financial Forecasts for the Second Half and Full Year of the Fiscal Year Ending March 31, 2017 [vs. Previous Forecasts on July 14] (\ billion) Full Year 2H Full Year Changes vs. Previous Forecasts on July 14 Previous Forecasts on July 14 Revised Forecasts on Nov. 9 Actual Amount Ratio Net Sales 664.6 335.0 329.0 664.0 0.6 0.1% 35.0 11.3 19.0 30.3 4.7 13.4% Ordinary Income 37.5 9.6 21.5 31.1 6.4 17.1% Profit attributable to owners of parent 22.5 4.7 16.5 21.2 1.3 5.8% Margin 5.3% 3.4% 5.8% 4.6% 0.7pt - Capital Investment 75.5 35.9 35.8 71.7 3.8 - Depreciation 44.1 19.7 20.7 40.4 3.7 - Average Exchange Rate* ($/Yen) 102.82 107.13 100 103.57 0.75 - No. of Employees 45,941 47,399 46,203 46,203 262 - * Positive with weakening of the yen, negative with appreciation of the yen 20

Revised Financial Forecasts for the Fiscal Year Ending March 31, 2017 [vs. ] (\ billion) YoY Changes Actual Actual Revised Forecasts on Nov. 9 2H Full Year 2H Full Year 2H Full Year Amount Ratio Amount Ratio Amount Ratio Net Sales 383.6 362.6 746.1 335.0 329.0 664.0 48.6 12.7% 33.6 9.3% 82.1 11.0% 29.3 18.9 48.3 11.3 19.0 30.3 18.0 61.4% 0.2% 18.0 37.2% Ordinary Income 34.3 19.4 53.7 9.6 21.5 31.1 24.7 71.9% 2.1 10.6% 22.6 42.1% Profit attributable to owners of parent 23.6 6.5 30.1 4.7 16.5 21.2 18.9 80.1% 1 154.5% 8.9 29.5% Margin 7.6% 5.2% 6.5% 3.4% 5.8% 4.6% 4.3pt - 0.5pt - 1.9pt - Capital Investment 34.8 26.6 61.4 35.9 35.8 71.7 1.1-9.2-10.3 - Depreciation 19.6 20.6 40.2 19.7 20.7 40.4 0.2-0.1-0.2 - Average Exchange Rate* ($/Yen) 121.47 119.33 120.40 107.13 100 103.57 14.34-19.33-16.83 - No. of Employees 51,381 46,869 46,869 47,399 46,203 46,203 3,982-666 - 666 - * Positive with weakening of the yen, negative with appreciation of the yen 21 Revised Forecasts by Business Segment for the Fiscal Year Ending March 31, 2017 [vs. ] (\ billion) YoY Changes Actual Actual Revised Forecasts on Nov. 9 2H Full Year 2H Full Year 2H Full Year Amount Ratio Amount Ratio Amount Ratio Seal Business Electronic Device Product Business Roll Business Net Sales 146.6 149.6 296.2 149.0 149.0 298.0 2.4 1.7% 0.6 0.4% 1.9 0.6% Operating Income 14.3 18.3 32.5 15.7 15.3 31.0 1.4 10.1% 3.0 16.3% 1.5 4.7% Net Sales 216.2 193.6 409.7 167.3 164.0 331.3 48.9 22.6% 29.6 15.3% 78.5 19.2% Operating Income 13.7 0.1 13.6 5.6 3.0 2.6 19.3-3.1-16.2 - Net Sales 14.8 12.8 27.6 11.8 10.4 22.2 2.9 19.9% 2.4 18.7% 5.3 19.4% Operating Income 0.9 0.3 1.2 0.6 0.1 0.7 0.3 35.7% 0.2 66.1% 0.5 43.0% Others Net Sales 6.0 6.6 12.7 6.9 5.6 12.5 0.8 13.9% 1.0 15.3% 0.2 1.4% Operating Income 0.3 0.4 0.8 0.5 0.6 1.1 0.2 6% 0.2 38.7% 0.4 47.9% Total Net Sales 383.6 362.6 746.1 335.0 329.0 664.0 48.6 12.7% 33.6 9.3% 82.1 11.0% Operating Income 29.3 18.9 48.3 11.3 19.0 30.3 18.0 61.4% 0.2% 18.0 37.2% 22

Seal Business: Financial Forecasts [vs. ] [Net Sales] 40 Net Sales Margin () (2H) [Operating Income] 6 Forecasts 30 20 10 296.2 32.5 10.9% 298.0 31.0 10.3% 45.0 3 15.0 Net Sales 298.0 bn (+ 1.9 bn YoY) Increase in motor vehicle unit production. Sales to manufacturers of general industrial machinery such as construction machinery are expected to show a sign of recovery. Exchange rate fluctuations are expected to have a negative impact. 31.0 bn ( 1.5 bn YoY) Operating income is expected to increase on the back of increasing sales. Personnel and SG&A expenses are expected to increase. Capital Investment Depreciation No. of Employees 22.0 bn 16.9 bn 18,863 36.8 bn 16.9 bn 19,352 Exchange rate fluctuations are expected to have a negative impact. 23 Seal Business: Changes in [vs. ] Impact of Net Sales Raw Materials Cost Cost of Sales Reduction Personnel and SG&A Expenses Depreciation Impact of FX 8.6 0.7 0.3 8.0 32.5 1.5 bn 0.8 2.3 31.0 24

Electronic Device Product Business: Financial Forecasts [vs. ] [Net Sales] 500 400 300 200 100 0 100 Capital Investment Depreciation No. of Employees Net Sales Margin [Operating Income] () (2H) 409.7 13.6 3.3% 37.6 bn 21.9 bn 25,660 331.3 32.9 bn 22.3 bn 24,416 2.6 50 40 30 20 10 0 10 Forecasts Net Sales 331.3 bn ( 78.5 bn YoY) Sales for smartphones are expected to decline. Sales for automobile applications are expected to increase. Sales are expected to be sluggish for hard disk drives and digital cameras. Exchange rate fluctuations are expected to have a negative impact. 2.6 bn ( 16.2 bn YoY) Operating income is expected to decrease on the back of decreasing sales. Product lineup is expected to change. Depreciation is expected to increase. 25 Electronic Device Product Business: Changes in [vs. ] Impact of Net Sales Yield Rate Cost of Sales Reduction Personnel and SG&A Expenses Depreciation Impact of FX 13.6 16.2 bn 2.6 19.4 2.4 5.0 0.5 3.6 1.1 26

Roll Business: Financial Forecasts [vs. ] [Net Sales] 4 [Operating Net Sales Margin Income] () (2H) 4.0 Forecasts 3 2 27.6 22.2 3.0 2.0 Net Sales 22.2 bn ( 5.3 bn YoY) Demand for multifunction copiers/printers are expected to remain flat, and the demand for printers are expected to drop. Sales are expected to decline due to a decrease in new product orders. 1 1.2 0.7 1.0 Exchange rate fluctuations are expected to have a negative impact. 4.4% Full Year 3.1% Full Year 0.7 bn ( 0.5 bn YoY) Operating income is expected to decrease on the back of decreasing sales. Capital Investment 0.7 bn 1.3 bn Exchange rate fluctuations are expected to have a negative impact. Depreciation 1.1 bn 1.0 bn Cost of sales is expected to be reduced. No. of Employees 2,180 2,268 27 Roll Business: Changes in [vs. ] Impact of Net Sales Raw Materials Cost Cost of Sales Reduction Personnel and SG&A Expenses Depreciation Impact of FX 1.2 1.2 0.5 bn 0.3 0.7 0.3 0.7 28

29 Business Overview by Industry and by Region

Consolidated Net Sales Trend by Industry (by Quarter) Net Sales by Industry Automotive Industry (AI) Electronic Industry (EI) General Industry (GI) 25 20 15 10 176.1 24.7 85.1 207.5 209.7 24.1 23.4 114.0 116.0 152.9 147.1 23.0 23.8 59.5 52.3 187.9 22.8 93.3 5 66.4 69.4 70.3 70.4 71.0 71.8 1Q 2Q 3Q 4Q 1Q 2Q 31 Consolidated Net Sales Trend by Industry (by Half Year) Net Sales by Industry Automotive Industry (AI) Electronic Industry (EI) General Industry (GI) 40 30 383.6 48.8 362.6 46.4 335.0 329.0 46.6 43.4 20 199.1 175.5 145.6 142.4 10 135.7 140.6 142.9 143.2 2H 2H 32

Consolidated Net Sales Trend by Region (by Quarter) Net Sales by Region Japan China Other Asia Other 25 20 15 10 176.1 6.3 31.4 64.9 207.5 209.7 6.6 6.2 37.2 30.3 81.2 93.6 152.9 147.1 7.3 8.7 26.4 26.1 48.1 42.9 187.9 8.0 28.8 67.3 5 73.5 82.4 79.5 71.1 69.4 83.7 1Q 2Q 3Q 4Q 1Q 2Q 33 Consolidated Net Sales Trend by Region (by Half Year) Net Sales by Region Japan China Other Asia Other 40 30 383.6 12.9 68.7 362.6 13.4 56.8 335.0 329.0 16.7 15.6 54.9 53.1 20 146.1 141.7 110.3 113.9 10 155.9 150.6 153.1 146.4 2H 2H 34

Net Sales Trend for Seal Business by Region (by Quarter) Seal Business: Net Sales by Region 10 Japan China Other Asia Other 8 6 72.9 73.7 75.0 74.6 74.1 75.0 1.9 2.2 2.3 2.8 2.6 2.3 1 10.9 10.1 10.2 9.8 9.1 10.3 9.3 11.1 1 9.8 9.7 4 2 50.7 51.3 51.5 51.7 51.9 53.9 1Q 2Q 3Q 4Q 1Q 2Q 35 Net Sales Trend for Seal Business by Region (by Half Year) Seal Business: Net Sales by Region Japan China Other Asia Other 18 15 12 146.6 149.6 149.0 149.0 4.1 5.1 4.9 4.5 20.9 20.2 18.9 17.9 19.6 21.1 19.5 18.1 9 6 102.0 103.1 105.8 108.5 3 2H 2H 36

Net Sales Trend for Electronic Device Product Business by Region (by Quarter) Electronic Device Product Business: Net Sales by Region Japan China Other Asia Other 15 10 5 92.7 4.4 20.1 50.5 123.4 124.7 4.4 3.8 25.2 19.2 68.0 78.9 68.9 4.5 15.4 34.7 63.4 6.1 15.3 29.9 103.9 5.7 18.8 54.8 17.7 1Q 25.8 22.7 2Q 3Q 14.3 12.0 4Q 1Q 24.6 2Q 37 Net Sales Trend for Electronic Device Product Business by Region (by Half Year) Electronic Device Product Business: Net Sales by Region Japan China Other Asia Other 25 20 15 216.2 8.8 45.3 193.6 8.3 34.6 167.3 164.0 11.8 11.1 34.2 33.6 10 118.5 113.6 84.7 90.4 5 43.5 37.0 36.6 28.8 2H 2H 38

Trend of Capital Investment by Region (by Half Year) Capital Investment Japan China Other Asia Europe / the U.S. 4 34.8 35.9 35.8 0.2 0.2 1.2 3 2 1 22.8 18.7 0.4 8.4 5.0 5.2 6.1 8.1 8.4 26.6 16.7 1.0 6.1 8.6 7.8 10.1 11.0 9.4 6.9 9.4 12.9 18.4 13.3 FY2014 2H FY2014 * Capital investment includes the acquisition of intangible assets. 2H 2H 39 Trend of Depreciation by Region (by Half Year) Depreciation 3 Japan China Other Asia Europe / the U.S. 2 1 15.2 0.2 5.5 5.0 17.8 0.1 6.3 6.0 19.6 0.1 7.1 7.6 7.0 6.3 5.9 5.5 4.6 5.3 6.1 6.9 7.0 8.2 FY2014 2H FY2014 20.6 0.2 2H 19.7 0.3 20.7 0.4 6.6 5.5 2H 40

41 References

Corporate History 1939 Edogawa Seiki Co., Ltd. founded 1941 Japan Bearing Production Co., Ltd. founded in Kobe. 1951 Tokyo Oil Seal Industry Co., Ltd. merges with Nippon Yushi Industry Co., Ltd., and the company name changed to Nippon Oil Seal Industry Co., Ltd. 1976 Subsidiary NOK KLUEBER CO., LTD. established 1978 Equity stake taken in Pyung Hwa Oil Seal Industry Co., Ltd. (South Korea) 1995 Subsidiary Wuxi NOK-Freudenberg Oilseal Co., Ltd. established in China 1996 Subsidiary named P.T. NOK Indonesia established in Indonesia; subsidiary named NOK Asia Co., Ptd. Ltd. established in Singapore 2013 Neopt Corporation s business transferred to Eagle Industry Co., Ltd. 1950 1960 1970 1980 1990 2000 2010 1960 Capital participation agreement concluded with Carl Freudenberg KG (Germany). 1961 Listed on the Tokyo Stock Exchanges 1968 NOK-USA, Inc. established (changes its name to NOK INC. in 1980) 1969 Subsidiary NIPPON MEKTRON, LTD. established 1985 Company name changed from Nippon Oil Seal Industry Co., Ltd. to NOK CORPORATION 1988 Subsidiary named THAI NOK CO., LTD. established in Thailand 1989 FREUDENBERG-NOK G.P. established as an affiliate company in the U.S. Net Sales Trend 2000 SIGMA FREUDENBERG NOK PVT. LTD. established as an affiliate company in India 2002 Subsidiary named UNIMATEC CO., LTD. established 2004 Subsidiary named VIETNAM NOK CO., LTD. established in Vietnam 2007 Subsidiary named SYNZTEC CO., LTD. 80 70 60 50 40 30 20 10 281.1 262.0 297.8 6.4% 5.6% 18.0 14.7 7.6% 12.5% 12.0% 1% 526.3 479.8 466.7 450.6 407.0 356.6 8.1% 8.7% 22.7 44.5 48.8 Net Sales Operating Margin 45.3 41.7 42.5 7.4 414.8 1.6% 3.1% 498.9 495.3 12.7 7.0% 6.1% 540.9 4.9% 591.4 5.5% 609.0 6.4% 35.1 3 26.5 32.6 38.9 FY2000 FY2001 FY2002 FY2003 FY2004 FY2005 FY2006 FY2007 FY2008 FY2009 FY2010 FY2011 FY2012 FY2013 FY2013 (Reference)* * From FY2014, NOK has unified the accounting period of the overseas business and changed its depreciation method so the values are calculated and used for reference purposes. 693.7 9.7% 67.1 746.1 6.5% 48.3 664.0 43 4.6% 30.3 FY2014 16.0% 14.0% 12.0% 1% 8.0% 6.0% 4.0% 2.0% % Global Deployment 44

NOK Group Strengths NOK Group companies make up a Group of Compound Technology Manufacturers like one firm connected to each division, an enterprise group sharing core technologies. Each company boasts its individual strengths while sharing a common vision, and conducts business operations to handle any and all client requirements. 45 NOK s R&D The Shonan Development Center aggregates all of NOK s advanced technologies, and was established with the aim of accelerating the development process. This development system removes barriers between each division, and provides a self contained comprehensive approach from product design through shipment inspections. The center actively promotes merging R&D and production technologies, churning out products with unique cutting edge technology that can t be imitated by others. POINT NOK s Shonan Development Center was opened in 2005 as a think tank concentrating all the company s advanced technologies, striving to be global No. 1 technology creator. The Center has functional abilities in materials technologies, evaluation analysis technologies and production technologies, making possible self contained operations execution. NOK responds to the needs of society, and will further pursue R&D in order to continue supplying products that contribute to daily living convenience and the environment. 46

NOK Major Products: Oil Seals Oil seals are a functional part to seal oil. For moving parts of machinery, revolving and vertical up and down motion etc, oil seals prevent leakage of lubricant oils, water, chemical solutions, gas etc, and also prevent outside particulates from getting in. They are indispensable parts for a wide range of machinery types including automobiles, ships, planes, air conditioners, washing machines, water works etc. (Example of Use) POINT NOK s history is the history of oil seals. The road to becoming Japan s No. 1 oil seal maker began in 1960, when the company concluded a technology partnership agreement with Carl Freudenberg KG of the former West Germany. After that the company built a production plant in the US when there was still only one Japanese auto manufacturer located there, eventually supplying oil seals to the US Big 3. Today the company boasts top shares domestically of 70% and globally 50%, recognized for its reliability and actual performance results. 47 NOK Major Products: Flexible Printed Circuits (FPC) Flexible printed circuits (FPC) are flexible circuit boards based on films. Thanks to the functionality of flexible printed circuit boards, compact cellular phones became a reality. Applications are not limited to cell phones, but also cover many areas including digital cameras and notebook PCs. (Example of Use) POINT This is electronics business of NOK Group company NIPPON MEKTRON, LTD. These thin and light circuit boards are used in smartphones. FPCs which have the characteristics of being thin, lightweight and flexible, are expected to see further increased functionality in the future. NOK has the No. 1 domestic and global shares. 48

NOK Products in Automobiles 青線に変更写真配置変更文字拡大 49 Market Trends by Sector: Motor Vehicle Unit Production (by Half Year, Fiscal Year) Motor Vehicle Unit Production (Thousands of units) Domestic Export Overseas Production 15,000 12,000 13,347 13,452 13,219 13,793 13,635 13,800 9,000 8,564 8,644 8,772 9,052 9,223 9,300 6,000 3,000 0 2,236 2,255 2,231 2,352 2,256 2,100 2,547 2,553 2,216 2,389 2,156 2,400 Apr-Sep FY2014 Oct-Mar FY2014 Apr-Sep Oct-Mar Apr-Sep Oct-Mar * The value for Overseas Production includes completed vehicle units produced overseas in addition to knock-down units. Source: Estimates by NOK CORPORATION 50

NOK Products in General Industrial Machinery 51 Market Trends by Sector: Construction Machinery Domestic Unit Production (by Half Year, Fiscal Year) (Units) Construction Machinery Domestic Unit Production 100,000 80,000 60,000 75,504 72,018 40,000 49,602 52,906 51,182 54,000 20,000 0 Apr-Sep FY2014 Oct-Mar FY2014 Apr-Sep Oct-Mar Apr-Sep Oct-Mar Source: Estimates by NOK CORPORATION 52

NOK Products in IT Electronic Devices Boasting the top global share of flexible circuits (FPC), these are used in a wide range of advanced electronic devices. Also, multilayer flexible boards (Flex-Boards) made with advanced technology is indispensable for the miniaturization and high functionality of IT electronic devices. They are also widely used in waterproof electronic devices. FPC for Smartphones Flex-Boards for Digital Cameras FPC for Tablet PC FPC for Hard Disk Drives 53 Market Trends by Sector: Mobile Phone Worldwide Unit Shipments (by Half Year, Calendar Year) Mobile Phone Worldwide Unit Shipments (Millions of units) 1,500 Smartphones Other 1,200 900 600 887 303 971 263 845 199 972 199 841 160 981 154 300 584 708 646 773 681 827 0 Jan-Jun CY2014 Jul-Dec CY2014 Jan-Jun CY2015 Jul-Dec CY2015 Jan-Jun CY2016 Jul-Dec CY2016 Source: Estimates by NOK CORPORATION 54

Market Trends by Sector: Hard Disk Drives Worldwide Unit Production (by Half Year, Calendar Year) (Millions of units) Hard Disk Drives Worldwide Unit Production 500 400 300 200 276 293 235 233 201 220 100 0 Jan-Jun CY2014 Jul-Dec CY2014 Jan-Jun CY2015 Jul-Dec CY2015 Jan-Jun CY2016 Jul-Dec CY2016 Source: Estimates by NOK CORPORATION 55 Market Trends by Sector: Digital Camera Worldwide Unit Production (by Half Year, Calendar Year) Digital Camera Worldwide Unit Production (Millions of units) 60 Single-Lens Reflex-type Compact-type 40 20 0 25 26 19 20 18 18 12 12 12 12 6 6 7 8 7 8 6 6 Jan-Jun CY2014 Jul-Dec CY2014 Jan-Jun CY2015 Jul-Dec CY2015 Jan-Jun CY2016 Jul-Dec CY2016 Source: Estimates by NOK CORPORATION 56

Market Trends by Sector: Tablet PC Worldwide Unit Shipments (by Half Year, Calendar Year) (Millions of units) 150 Tablet PC Worldwide Unit Shipments 120 90 60 103 104 88 114 86 103 30 0 Jan-Jun CY2014 Jul-Dec CY2014 Jan-Jun CY2015 Jul-Dec CY2015 Jan-Jun CY2016 Jul-Dec CY2016 Source: Estimates by NOK CORPORATION 57 58

Segment Information: Fiscal Year 2016 Results and Fiscal Year 2016 Forecasts 09, Nov 2016 NOK Corporation (Millions of yen) Segment Fiscal (Results) Fiscal 2H, Results & Forecasts Year-on-Year Year-on-Year Year-on-Year Fiscal % Change Fiscal 2H % Change Change Change Change % Change Seal Business External sales 146,594 149,595 296,189 149,040 2,446 1.7% 149,000 595 0.4% 298,040 1,851 0.6% Inter-seg sales 1,733 1,198 2,931 1,566 167 1,191 7 2,758 173 Net sales 148,328 150,793 299,121 150,607 2,279 150,191 602 300,798 1,677 14,278 18,253 32,531 15,717 1,439 10.1% 15,282 2,971 16.3% 31,000 1,531 4.7% Profit Margin 9.6% 12.1% 10.9% 10.4% 0.8pt 10.2% 1.9pt 10.3% 0.6pt Capital Investment 9,668 12,328 21,996 12,805 3,137 23,995 11,667 36,800 14,804 Depreciation 8,289 8,651 16,940 8,110 179 8,790 139 16,900 40 No. of Personnel 18,975 18,863 18,863 19,244 381 19,352 489 19,352 489 External sales 216,167 193,559 409,726 167,253 48,914 22.6% 164,000 29,559 15.3% 331,253 78,473 19.2% Inter-seg sales 4 35 39 8 4 0 35 8 31 Electronic Net sales 216,172 193,594 409,766 167,261 48,911 164,000 29,594 331,261 78,505 Device 13,749 131 13,618 5,560 19,309-3,000 3,131-2,560 16,178 - Product Profit Margin 6.4% -0.1% 3.3% 3.3% 9.7pt 1.8% 1.9pt -0.8% 4.1pt Business Capital Investment 24,756 12,838 37,593 22,690 2,066 10,210 2,627 32,900 4,693 Depreciation 10,656 11,271 21,927 11,052 396 11,248 23 22,300 373 No. of Personnel 29,650 25,660 25,660 25,852 192 24,416 1,244 24,416 1,244 External sales 14,782 12,793 27,575 11,837 2,945 19.9% 10,400 2,393 18.7% 22,237 5,338 19.4% Inter-seg sales - - - - - - - - - Net sales 14,782 12,793 27,575 11,837 2,945 10,400 2,393 22,237 5,338 Roll 919 291 1,210 591 328 35.7% 99 192 66.1% 690 520 43.0% Business Profit Margin 6.2% 2.3% 4.4% 5.0% 1.2pt 1.0% 1.3pt 3.1% 1.3pt Capital Investment 281 447 728 316 35 934 487 1,250 522 Depreciation 577 557 1,134 499 78 501 56 1,000 134 No. of Personnel 2,592 2,180 2,180 2,139 41 2,268 88 2,268 88 External sales 6,046 6,610 12,656 6,885 839 13.9% 5,600 1,010 15.3% 12,485 171 1.4% Inter-seg sales 140 150 290 131 9 164 14 295 5 Net sales 6,186 6,761 12,947 7,016 830 5,764 997 12,780 167 Other 328 427 755 525 197 6% 592 165 38.7% 1,118 363 47.9% Business Profit Margin 5.3% 6.3% 5.8% 7.5% 2.2pt 10.3% 4.0pt 8.7% 2.9pt Capital Investment 54 1,028 1,082 44 10 706 322 750 332 Depreciation 55 99 154 82 27 118 19 200 47 No. of Personnel 164 166 166 164 2 167 1 167 1 Elimination of Inter-seg sales 1,877 1,383 3,260 1,706 171 1,355 28 3,061 199 External sales 383,590 362,557 746,147 335,015 48,575 12.7% 329,000 33,557 9.3% 664,016 82,131 11.0% Inter-seg sales - - - - - - - - - Net sales 383,590 362,557 746,147 335,015 48,575 329,000 33,557 664,016 82,131 Consolidated 29,317 18,941 48,258 11,326 17,991 61.4% 18,973 32 0.2% 30,300 17,958 37.2% Profit Margin 7.6% 5.2% 6.5% 3.4% 4.3pt 5.8% 0.5pt 4.6% 1.9pt Capital Investment 34,758 26,641 61,399 35,855 1,097 35,845 9,204 71,700 10,301 Depreciation 19,577 20,579 40,156 19,744 167 20,656 77 40,400 244 No. of Personnel 51,381 46,869 46,869 47,399 530 46,203 666 46,203 666 Note: The above forecasts are based on currently available information. Actual financial results may differ significantly due to various factors. Year-on-Year change of number of personnel is calculated by comparing with the result of FY 2015.

Contact: NOK CORPORATION CORPORATE PLANNING OFFICE CORPORATE COMMUNICATION DEPT. Phone: +81-3-3434-1736 E-mail: ssato@nok.co.jp HP: http://www.nok.co.jp/e/