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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
6651 NITTO KOGYO CORPORATION 【J-GAAP】
Earnings ReportNITTO 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%.
Kabutan News
Actual Results
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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