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NITTO DENKO, Net Income Forecast for First Half Revised Upward by 5%

Mon Jul 28, 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 July 28th (16:00). The consolidated net income for the first quarter of the fiscal year ending March 2026 (April to June) decreased 13.4% from the same period last year to 31.3 billion yen.

However, the April to September period (first half) consolidated net income has been revised upward 4.8%, from the previous forecast of 63.0 billion yen to 66.0 billion yen (compared to 79.9 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 21.2% to 17.5%.

Furthermore, the full-year forecast for consolidated net income forecast remains unchanged from the estimate of 125 billion yen(compared to 137 billion yen in the previous period).

In the most recent three-month period, from April to June (1Q), the operating profit margin decreased from 20.3% in the same period last year to 17.3%.

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Actual Results

Accumulated Results 1st Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Jun, 2023 208,455 22,411 22,176 15,168 21.1 34.5 Jul 26, 2023 IFRS
Apr - Jun, 2024 249,310 50,696 50,599 36,128 51.5 46.5 Jul 26, 2024 IFRS
Apr - Jun, 2025 246,192 42,645 43,307 31,303 45.7 48.1 Jul 28, 2025 IFRS
YoY -1.3% -15.9% -14.4% -13.4% -11.2%

Guidance Update

First Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Prev 492,000 86,000 86,000 63,000 93.5 30 Apr 25, 2025 IFRS
Apr - Sep, 2025 New 500,000 90,000 90,000 66,000 98.0 30 Jul 28, 2025 IFRS
Revision Rate +1.6% +4.7% +4.7% +4.8% +4.8%

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 500,000 90,000 90,000 66,000 98.0 30 Jul 28, 2025 IFRS
YoY -4.2% -17.6% -17.4% -17.5% -14.0%

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 984,000 170,000 170,000 125,000 185.6 60 Apr 25, 2025 IFRS
YoY -2.9% -8.4% -8.3% -8.9% -5.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Apr - Jun, 2025 246,192 42,645 43,307 31,303 45.7 17.3 Jul 28, 2025 IFRS
YoY -1.3% -15.9% -14.4% -13.4% -11.2%

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