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NITTO DENKO, Net Income Forecast for the Fiscal Year Revised Upward by 1%

Mon Oct 27, 2025 4:00 pm JST Earnings

6988 NITTO DENKO CORPORATION 【IFRS】

Earnings Report

NITTO DENKO CORPORATION <6988> [TSE Prime] announced its financial results (based on IFRS) after the market closed on October 27th (16:00). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2026 (April to September) decreased 13.8% from the same period last year to 68.9 billion yen.

However, the full-year forecast for consolidated net income has been revised upward 0.8%, from the previous forecast of 125 billion yen to 126 billion yen (compared to 137 billion yen in the previous period), and the declining rate is expected to decrease from 8.9% to 8.2%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to nearly flat at 57.0 billion yen, down 0.3% from the same period last year.

In the most recent three-month period, from July to September (2Q), the consolidated net income decreased to 37.6 billion yen, a 14.2% decrease compared to the same period last year. The operating profit margin decreased from 21.5% in the same period last year to 19.4%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2023 449,344 64,472 64,240 44,216 61.8 46.2 Oct 26, 2023 IFRS
Apr - Sep, 2024 521,723 109,267 108,932 79,975 113.9 58.8 Oct 28, 2024 IFRS
Apr - Sep, 2025 513,569 94,504 95,167 68,926 101.3 55.0 Oct 27, 2025 IFRS
YoY -1.6% -13.5% -12.6% -13.8% -11.1%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Guidance 500,000 90,000 90,000 66,000 98.0 30 Jul 28, 2025 IFRS
Apr - Sep, 2025 Results 513,569 94,504 95,167 68,926 101.3 30 Oct 27, 2025 IFRS
Revision Rate +2.7% +5.0% +5.7% +4.4% +3.4%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 984,000 170,000 170,000 125,000 185.6 60 Apr 25, 2025 IFRS
Mar, 2026 New 995,000 173,000 173,000 126,000 187.1 60 Oct 27, 2025 IFRS
Revision Rate +1.1% +1.8% +1.8% +0.8% +0.8%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 492,155 76,400 76,397 57,262 81.7 28 Apr 25, 2025 IFRS
Oct - Mar, 2025 Guidance 481,431 78,496 77,833 57,074 84.7 30 Oct 27, 2025 IFRS
YoY -2.2% +2.7% +1.9% -0.3% +3.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 915,139 139,132 138,901 102,679 143.9 52 Apr 26, 2024 IFRS
Mar, 2025 1,013,878 185,667 185,329 137,237 195.7 56 Apr 25, 2025 IFRS
Mar, 2026 Guidance 995,000 173,000 173,000 126,000 187.1 60 Oct 27, 2025 IFRS
YoY -1.9% -6.8% -6.7% -8.2% -4.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 272,413 58,571 58,333 43,847 62.5 21.5 Oct 28, 2024 IFRS
Oct - Dec, 2024 256,562 43,668 43,913 28,714 40.9 17.0 Jan 27, 2025 IFRS
Jan - Mar, 2025 235,593 32,732 32,484 28,548 40.7 13.9 Apr 25, 2025 IFRS
Apr - Jun, 2025 246,192 42,645 43,307 31,303 45.7 17.3 Jul 28, 2025 IFRS
Jul - Sep, 2025 267,377 51,859 51,860 37,623 55.3 19.4 Oct 27, 2025 IFRS
YoY -1.8% -11.5% -11.1% -14.2% -11.4%

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