Tier 1 Nitto Denko

The Thesis

• [UNVERIFIED] Nitto Denko constitutes a Tier 1 investment thesis due to its chokepoint control over numerous non-substitutable, process-level monopolies critical to global technology and industrial supply chains.

  choke point for 13,000 technology products around the world.

• [UNVERIFIED] Nitto Denko’s current dividend payout ratio is approximately 30%.

  the dividend is 30% of payout