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NITTO KOGYO, Last Fiscal Year's Ordinary Profit Unexpectedly Increases, 1% Increase in Ordinary Profit for The Current Fiscal Year, Despite Last Fiscal Year's Dividend Increase, This Fiscal Year to Decrease Dividend

Thu May 15, 2025 4:40 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 May 15th (16:40). The consolidated ordinary profit for the fiscal year ending March 2025 increased 7.6% from the previous period to 13.5 billion yen exceeding the previous forecast of 12 billion yen and resulted in an increase in profit, a complete reversal from the forecast for a decline in profit. For the fiscal year ending March 2026, the consolidated ordinary profit is nearly flat with a slight increase of 0.6% to 13.6 billion yen. This will be the fourth consecutive term of revenue and the third consecutive term of profit growth.

At the same time, the company increased the annual dividend for the previous term from 132 yen to 160 yen (compared to 230 yen in the prior term), and has decided to reduce the dividend this fiscal year to 124 yen, a decrease of 36 yen from the previous fiscal year.

In the most recent three-month period, from January to March (4Q), the consolidated ordinary profit increased 31.1% from the same period last year, reaching 4.01 billion yen. The operating profit margin improved from 6.8% in the same period last year to 8.1%.

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Actual Results

Historical Performance
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 184,683 13,432 13,516 12,097 318.9 160 May 15, 2025 J-GAAP
YoY +14.9% +12.2% +7.6% +38.8% +38.8%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Guidance 178,000 12,000 12,000 10,000 263.6 132 Nov 5, 2024 J-GAAP
Mar, 2025 Results 184,683 13,432 13,516 12,097 318.9 160 May 15, 2025 J-GAAP
Revision Rate +3.8% +11.9% +12.6% +21.0% +21.0%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 81,983 4,063 4,433 5,212 137.4 64 Nov 5, 2024 J-GAAP
Apr - Sep, 2025 Guidance 87,000 3,600 3,600 2,400 63.3 62 May 15, 2025 J-GAAP
YoY +6.1% -11.4% -18.8% -54.0% -54.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 160,709 11,967 12,566 8,715 229.8 230 May 15, 2024 J-GAAP
Mar, 2025 184,683 13,432 13,516 12,097 318.9 160 May 15, 2025 J-GAAP
Mar, 2026 Guidance 192,000 13,600 13,600 9,400 247.8 124 May 15, 2025 J-GAAP
YoY +4.0% +1.3% +0.6% -22.3% -22.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Jan - Mar, 2025 51,329 4,134 4,013 3,083 81.3 8.1 May 15, 2025 J-GAAP
YoY +17.2% +39.1% +31.1% +46.6% +46.6%

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