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NITTO KOGYO, First Half Ordinary Profit Unexpectedly Revised Upward by 27%

Mon Nov 10, 2025 3:40 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 November 10th (15:40). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) increased 26.8% from the same period last year, reaching 5.62 billion yen, resulting in an increase in profits compared to the previous forecast of an 18.8% decrease.

Progress toward the full-year plan of 13.6 billion yen was 41.3%, exceeding the five-year average of 38.2%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to decrease 12.1% from the same period last year to 7.98 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased 47.2% from the same period last year, reaching 3.58 billion yen. The operating profit margin improved from 5.7% in the same period last year to 7.3%.

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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 73,163 4,771 5,187 3,564 94.0 41.3 Nov 6, 2023 J-GAAP
Apr - Sep, 2024 81,983 4,063 4,433 5,212 137.4 32.8 Nov 5, 2024 J-GAAP
Apr - Sep, 2025 88,962 5,292 5,620 3,424 90.3 41.3 Nov 10, 2025 J-GAAP
YoY +8.5% +30.2% +26.8% -34.3% -34.3%

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 87,000 3,600 3,600 2,400 63.3 62 May 15, 2025 J-GAAP
Apr - Sep, 2025 Results 88,962 5,292 5,620 3,424 90.3 62 Nov 10, 2025 J-GAAP
Revision Rate +2.3% +47.0% +56.1% +42.7% +42.7%

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 102,700 9,369 9,083 6,885 181.5 96 May 15, 2025 J-GAAP
Oct - Mar, 2025 Guidance 103,038 8,308 7,980 5,976 157.5 62 Nov 10, 2025 J-GAAP
YoY +0.3% -11.3% -12.1% -13.2% -13.2%

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
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
Apr - Jun, 2025 41,842 1,854 2,033 929 24.5 4.4 Aug 4, 2025 J-GAAP
Jul - Sep, 2025 47,120 3,438 3,587 2,495 65.8 7.3 Nov 10, 2025 J-GAAP
YoY +9.0% +39.6% +47.2% +65.5% +65.4%

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