NITTO KOGYO, Oct-Dec (3Q) Ordinary Profit Increases by 17%

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Mon Feb 10, 2025 3:30 pm JST Earnings

6651 NITTO KOGYO CORPORATION 【J-GAAP】

Earnings Report

NITTO KOGYO CORPORATION <6651> [TSE Prime] announced its financial results after the market closed on February 10th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) was 9.5 billion yen, a 0.03% decrease compared to the same period last year. The progress rate toward the full-year plan of 12 billion yen was 79.2%, also surpassing the five-year average of 74.8%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to decrease 18.4% from the same period last year to 2.49 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 17.4% from the same period last year, reaching 5.07 billion yen. The operating profit margin improved from 9.7% in the same period last year to 10.2%.

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Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Apr - Dec, 2022	104,985	5,326	6,096	3,769	99.4	67.3	Feb 6, 2023	J-GAAP
Apr - Dec, 2023	116,907	8,996	9,506	6,612	174.3	75.6	Feb 5, 2024	J-GAAP
Apr - Dec, 2024	133,354	9,298	9,503	9,014	237.6	79.2	Feb 10, 2025	J-GAAP
YoY	+14.1%	+3.4%	0.0%	+36.3%	+36.3%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	87,546	7,196	7,379	5,151	135.8	158	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	96,017	7,937	7,567	4,788	126.2	68	Nov 5, 2024	J-GAAP
YoY	+9.7%	+10.3%	+2.5%	-7.0%	-7.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	146,698	8,172	9,056	5,479	144.5	145	May 15, 2023	J-GAAP
Mar, 2024	160,709	11,967	12,566	8,715	229.8	230	May 15, 2024	J-GAAP
Mar, 2025 Guidance	178,000	12,000	12,000	10,000	263.6	132	Nov 5, 2024	J-GAAP
YoY	+10.8%	+0.3%	-4.5%	+14.7%	+14.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	43,744	4,225	4,319	3,048	80.4	9.7	Feb 5, 2024	J-GAAP
Jan - Mar, 2024	43,802	2,971	3,060	2,103	55.5	6.8	May 15, 2024	J-GAAP
Apr - Jun, 2024	38,742	1,601	1,996	3,704	97.7	4.1	Aug 5, 2024	J-GAAP
Jul - Sep, 2024	43,241	2,462	2,437	1,508	39.8	5.7	Nov 5, 2024	J-GAAP
Oct - Dec, 2024	51,371	5,235	5,070	3,802	100.2	10.2	Feb 10, 2025	J-GAAP
YoY	+17.4%	+23.9%	+17.4%	+24.7%	+24.7%