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NITTO KOGYO, Oct-Dec (3Q) Ordinary Profit Increases by 17%

Mon Feb 10, 2025 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 10th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) was 9.5 billion yen, a 0.03% decrease compared to the same period last year. The progress rate toward the full-year plan of 12 billion yen was 79.2%, also surpassing the five-year average of 74.8%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to decrease 18.4% from the same period last year to 2.49 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 17.4% from the same period last year, reaching 5.07 billion yen. The operating profit margin improved from 9.7% in the same period last year to 10.2%.

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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, 2022 104,985 5,326 6,096 3,769 99.4 67.3 Feb 6, 2023 J-GAAP
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 79.2 Feb 10, 2025 J-GAAP
YoY +14.1% +3.4% 0.0% +36.3% +36.3%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2023 87,546 7,196 7,379 5,151 135.8 158 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 96,017 7,937 7,567 4,788 126.2 68 Nov 5, 2024 J-GAAP
YoY +9.7% +10.3% +2.5% -7.0% -7.1%

Current Period Guidance

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 Guidance 178,000 12,000 12,000 10,000 263.6 132 Nov 5, 2024 J-GAAP
YoY +10.8% +0.3% -4.5% +14.7% +14.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 43,744 4,225 4,319 3,048 80.4 9.7 Feb 5, 2024 J-GAAP
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
YoY +17.4% +23.9% +17.4% +24.7% +24.7%

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