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Nitto Boseki (3110) investor relations material
Nitto Boseki Q4 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
FY2025 net sales rose 8.4% year-over-year to ¥118.2B, with operating profit up 26.6% to ¥20.8B and net profit surging 225.4% to ¥41.8B, driven by robust demand for Special Glass and Electronic Materials, especially for AI server-related products.
Extraordinary income from the sale of non-current assets and investment securities significantly boosted net profit and cash position.
Performance targets in the Medium-Term Management Plan were achieved ahead of schedule, prompting upward revisions for FY2027.
Financial highlights
FY2025 net sales reached ¥118.2B (+8.4%), operating profit ¥20.8B (+26.6%), and EBITDA ¥30.1B (+23.5%), with an EBITDA margin of 25.5%.
Net profit surged 225.4% to ¥41.8B, reflecting extraordinary gains from asset sales.
ROS improved to 17.6% from 15.1% year-over-year.
Equity-to-asset ratio increased to 61.3%, and net assets per share rose to ¥4,768.45.
Outlook and guidance
FY2026/FY2027 forecasts project net sales of ¥137.0B (+15.9%) and operating profit of ¥26.0B (+24.9%), with net profit forecast at ¥17.0B due to the absence of extraordinary gains.
EBITDA is expected to reach ¥37.6B, with a margin of 27.4%.
Continued robust demand for Special Glass, especially for AI, semiconductor, and data center applications, underpins growth expectations.
Capital investment planned to increase to ¥45.0B.
- Strong Special Glass and electronic materials demand plus asset sales drove record profits and outlook upgrades.3110
Q3 20265 Feb 2026 - Q1 FY2025 sales and profit rose on specialty glass demand, but profit risks remain.3110
Q1 202628 Dec 2025 - Strong special glass and electronic materials demand drives profit and dividend forecast upgrades.3110
Q2 202628 Dec 2025 - Specialty glass demand drove record profit and sales, with growth expected to continue.3110
Q4 202528 Dec 2025 - Operating profit more than doubled, prompting a full-year forecast upgrade.3110
Q3 202528 Dec 2025 - Record sales and profit growth driven by Electronic Materials and Medical demand.3110
Q2 202513 Jun 2025 - Profits and sales soared on Special Glass and electronics demand, with a record full-year outlook.3110
Q1 202513 Jun 2025
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