Crystal device manufacturer Nihon Dempa Kogyo Co., Ltd. announced that the factory facilities of the Company’s subsidiaries in Malaysia, Asian NDK Crystal SDN. BHD. and NDK Quartz Malaysia SDN. BHD., have incurred flooding damages due to heavy rains which had lasted till December 18, 2021.

NDK stated in the announcement that the water has receded and recovery efforts are ongoing. The Company however expects that it will take some time before production is resumed, since a number of manufacturing lines got flooded.

Asian NDK Crystal SDN. BHD. And NDK Quartz Malaysia SDN. BHD. Located in Mount Darua, Selangor, Malaysia, the former mainly produces and sells crystal units, while the latter mainly produces crystal blank.

Asian NDK Crystal SDN. BHD. accounts for around 10% of the Group’s production, manufacturing products primarily for automotive and consumer applications. NDK Quartz Malaysia SDN. BHD. supplies 20% of crystal blank used by the whole Group to its manufacturing subsidiaries.

The company is currently investigating the impact of the flood on its consolidated financial performance. If the results show that the flood losses will have a significant impact on its comprehensive financial performance, NDK will promptly issue an announcement.