Key Facts
• On July 28, Nitto Denko announced Q1 FY2025 operating profit of 42.6 billion yen.
• This represents a 15.9% year-on-year decline due to yen appreciation.
• Sales revenue for Q1 FY2025 was 246.1 billion yen, down 1.3% year-on-year.
• Full-year FY2026 operating profit forecast remains at 170 billion yen, an 8.4% decline.
• Pre-tax profit for Q1 FY2025 was 43.3 billion yen, down 14.4% year-on-year.
• Net profit for Q1 FY2025 was 31.3 billion yen, a 13.4% year-on-year decrease.
• Full-year FY2026 net profit forecast is 125 billion yen, down 8.9% year-on-year.
• Analysts’ consensus for FY2026 operating profit is 174 billion yen.
• U.S. tariff measures led to increased production of automotive and IT products before implementation.
• Dividend forecast for FY2026 remains at 60 yen per share.
Summary
Nitto Denko reported a 15.9% year-on-year drop in Q1 FY2025 operating profit to 42.6 billion yen, impacted by yen appreciation. Despite increased production of automotive and IT products ahead of U.S. tariff measures, sales revenue fell 1.3% to 246.1 billion yen. The company maintained its FY2026 full-year operating profit forecast at 170 billion yen, an 8.4% decline from the previous year. Analysts’ consensus predicts a slightly higher operating profit of 174 billion yen. Net profit for Q1 FY2025 decreased by 13.4% to 31.3 billion yen, with the full-year forecast set at 125 billion yen, down 8.9%. The dividend forecast remains unchanged at 60 yen per share.
