NITTO KOGYO, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 10%, Highest in Eleven Terms, Dividend Revised Upward by 8 Yen

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Mon Feb 9, 2026 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 9th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) increased 22.2% from the same period last year, reaching 11.6 billion yen.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 9.6%, from the previous forecast of 13.6 billion yen to 14.9 billion yen (compared to 13.5 billion yen in the previous period), increasing the growth rate from 0.6% to 10.2%, reaches new record high for the first time in eleven terms.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (second half) is expected to increase 16.3%, from the previous forecast of 7.98 billion yen to 9.28 billion yen (compared to 9.08 billion yen in the same period of the previous year), turning to a 2.2% increase in the consolidated ordinary profit outlook.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 124 yen to 132 yen (compared to 160 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 18.1% from the same period last year, reaching 5.99 billion yen. The operating profit margin rose from 10.2% in the same period last year to 10.6%.

Kabutan News

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, 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	70.3	Feb 10, 2025	J-GAAP
Apr - Dec, 2025	143,020	10,998	11,610	8,042	212.0	77.9	Feb 9, 2026	J-GAAP
YoY	+7.2%	+18.3%	+22.2%	-10.8%	-10.8%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2025 Prev	103,038	8,308	7,980	5,976	157.5	62	Nov 10, 2025	J-GAAP
Oct - Mar, 2025 New	105,038	9,208	9,280	6,576	173.3	70	Feb 9, 2026	J-GAAP
Revision Rate	+1.9%	+10.8%	+16.3%	+10.0%	+10.0%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2026 Prev	192,000	13,600	13,600	9,400	247.8	124	May 15, 2025	J-GAAP
Mar, 2026 New	194,000	14,500	14,900	10,000	263.6	132	Feb 9, 2026	J-GAAP
Revision Rate	+1.0%	+6.6%	+9.6%	+6.4%	+6.4%

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	105,038	9,208	9,280	6,576	173.3	70	Feb 9, 2026	J-GAAP
YoY	+2.3%	-1.7%	+2.2%	-4.5%	-4.5%

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	194,000	14,500	14,900	10,000	263.6	132	Feb 9, 2026	J-GAAP
YoY	+5.0%	+8.0%	+10.2%	-17.3%	-17.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
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
Oct - Dec, 2025	54,058	5,706	5,990	4,618	121.7	10.6	Feb 9, 2026	J-GAAP
YoY	+5.2%	+9.0%	+18.1%	+21.5%	+21.5%