Nitto Denko (6988) investor relations material

Executive summary

• Revenue for 3Q FY2025 rose 1.0% year-over-year to 786.2 billion yen, while operating profit declined 3.3% to 147.9 billion yen and net profit attributable to owners fell 2.7% to 105.7 billion yen.

• Revenue growth was driven by Industrial Tape and Human Life segments, but Optronics saw a decline, impacting overall profitability.

• Foreign exchange had a negative impact of 8.8 billion yen on operating profit due to yen appreciation against the US dollar.

• Total comprehensive income rose 22.9% year-over-year to 159.3 billion yen.

Financial highlights

• Operating profit margin decreased to 18.8% from 19.7% year-over-year.

• Cash flows from operating activities decreased by 24.3 billion yen year-over-year, and free cash flow dropped by 19.7 billion yen.

• Cash and cash equivalents at period end were 322.8 billion yen, down 36.9 billion yen year-over-year.

• Basic earnings per share for the period was 155.89 yen, slightly up from 154.84 yen year-over-year (adjusted for stock split).

• Total assets increased to 1,377.8 billion yen as of December 31, 2025.

Outlook and guidance

• Full-year FY2025 revenue forecast is 1,027.0 billion yen (+1.3% YoY), with operating profit expected at 186.0 billion yen (+0.2% YoY).

• Net profit attributable to owners is forecast at 136.0 billion yen, a slight decrease of 0.9% year-over-year.

• Basic earnings per share forecasted at 200.56 yen.

• Compared to the prior forecast, revenue, operating profit, and net profit have all been revised upward.

• Dividend for FY2025 is planned at 60 yen per share, up 4 yen from the previous year.