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NITTO DENKO, 9% Decrease in Net Income for The Current Fiscal Year, Dividend Effectively Increased

Fri Apr 25, 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 April 25th (16:00). The consolidated net income for the fiscal year ending March 2025 expanded 33.7% from the previous period to 137 billion yen. However, for the fiscal year ending March 2026, the profit is expected to decrease by 8.9% from the previous period to 125 billion yen.

At the same time, the annual dividend for this fiscal year is 60 yen, taking into account the previous year's forward stock split, this dividend represents an actual increase of 7.1%.

In the most recent three-month period, from January to March (4Q), the consolidated net income increased 35.4% from the same period last year, reaching 28.5 billion yen. The operating profit margin rose from 12.1% in the same period last year to 13.9%.

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Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 929,036 147,173 146,840 109,173 147.8 48 Apr 26, 2023 IFRS
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
YoY +10.8% +33.4% +33.4% +33.7% +36.0%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Guidance 1,005,000 185,000 185,000 135,000 193.1 56 Jan 27, 2025 IFRS
Mar, 2025 Results 1,013,878 185,667 185,329 137,237 195.7 56 Apr 25, 2025 IFRS
Revision Rate +0.9% +0.4% +0.2% +1.7% +1.4%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 521,723 109,267 108,932 79,975 113.9 28 Oct 28, 2024 IFRS
Apr - Sep, 2025 Guidance 492,000 86,000 86,000 63,000 92.9 30 Apr 25, 2025 IFRS
YoY -5.7% -21.3% -21.1% -21.2% -18.5%

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 984,000 170,000 170,000 125,000 184.2 60 Apr 25, 2025 IFRS
YoY -2.9% -8.4% -8.3% -8.9% -5.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2024 221,239 26,803 26,876 21,079 29.5 12.1 Apr 26, 2024 IFRS
Apr - Jun, 2024 249,310 50,696 50,599 36,128 51.5 20.3 Jul 26, 2024 IFRS
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
YoY +6.5% +22.1% +20.9% +35.4% +37.8%

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