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NITTO DENKO, Net Income Forecast for the Fiscal Year Revised Upward by 8%

Mon Jan 26, 2026 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 January 26th (16:00). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2026 (April to December) was 105 billion yen, a 2.7% decrease compared to the same period last year.

However, the full-year forecast for consolidated net income has been revised upward 7.9%, from the previous forecast of 126 billion yen to 136 billion yen (compared to 137 billion yen in the previous period), and the declining rate is expected to decrease from 8.2% to 0.9%.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated net income for the October to March period (second half) is expected to increase 17.5%, from the previous forecast of 57.0 billion yen to 67.0 billion yen (compared to 57.2 billion yen in the same period of the previous year), turning to a 17.1% increase in the consolidated net income outlook.

In the most recent three-month period, from October to December (3Q), the consolidated net income grew 28.1% from the same period last year, reaching 36.7 billion yen. The operating profit margin rose from 17.0% in the same period last year to 19.6%.

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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, 2023 693,900 112,329 112,025 81,600 114.2 80.7 Jan 26, 2024 IFRS
Apr - Dec, 2024 778,285 152,935 152,845 108,689 154.8 82.5 Jan 27, 2025 IFRS
Apr - Dec, 2025 786,195 147,860 148,682 105,703 155.9 79.9 Jan 26, 2026 IFRS
YoY +1.0% -3.3% -2.7% -2.7% +0.7%

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 481,431 78,496 77,833 57,074 84.7 30 Oct 27, 2025 IFRS
Oct - Mar, 2025 New 513,431 91,496 90,833 67,074 99.6 30 Jan 26, 2026 IFRS
Revision Rate +6.6% +16.6% +16.7% +17.5% +17.5%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 995,000 173,000 173,000 126,000 187.0 60 Oct 27, 2025 IFRS
Mar, 2026 New 1,027,000 186,000 186,000 136,000 201.9 60 Jan 26, 2026 IFRS
Revision Rate +3.2% +7.5% +7.5% +7.9% +7.9%

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 492,155 76,400 76,397 57,262 81.7 28 Apr 25, 2025 IFRS
Oct - Mar, 2025 Guidance 513,431 91,496 90,833 67,074 99.6 30 Jan 26, 2026 IFRS
YoY +4.3% +19.8% +18.9% +17.1% +21.9%

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 1,027,000 186,000 186,000 136,000 201.9 60 Jan 26, 2026 IFRS
YoY +1.3% +0.2% +0.4% -0.9% +3.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Jul - Sep, 2025 267,377 51,859 51,860 37,623 55.3 19.4 Oct 27, 2025 IFRS
Oct - Dec, 2025 272,626 53,356 53,515 36,777 54.2 19.6 Jan 26, 2026 IFRS
YoY +6.3% +22.2% +21.9% +28.1% +32.6%

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