NITTO SEIMO shares firm as net profit beats forecast for FY April 2026
NITTO SEIMO CO., LTD. <3524> shares traded firmly Thursday after the firm announced following Wednesday's close that its consolidated net profit for the fiscal year ended April 2026 is expected to beat previous guidance, rising to 680.00 million yen, up 27.30% year-on-year, from an earlier projection of 550.00 million yen.
While operating profit missed expectations, landing at 554.00 million yen, down 18.50% year-on-year, compared with its initial forecast of 800.00 million yen due to the firm's inability to smooth out production levels and rising raw material costs, net profit outperformed estimates driven by the booking of non-operating income, including foreign exchange gains and foreign tax refunds.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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