Nitta (5186) Q2 2026 earnings summary

Executive summary

• Net sales for Q2 FY2025 were ¥44,112 million, down 0.5% year-over-year, with operating income up 1.3% to ¥2,580 million and net income down 6.0% to ¥5,482 million.

• Comprehensive income dropped 65.5% year-over-year to ¥3,745 million.

• Sales remained solid in logistics and showed recovery in automotive, but other industries were stagnant; labor and freight costs increased.

• Overseas sales ratio rose to 33.7%, driven by strong demand in North America.

Financial highlights

• Gross profit increased 4.0% year-over-year to ¥12,416 million, with gross margin at 28.2%.

• Ordinary income declined 11.1% to ¥6,443 million, mainly due to lower equity-method investment returns.

• Net income per share was ¥197.85, compared to ¥209.13 in the prior year.

• Total assets increased to ¥182,602 million as of September 30, 2025.

• Equity-to-asset ratio remained strong at 85.0%.

Outlook and guidance

• FY2025 full-year forecast remains unchanged: net sales expected at ¥92,000 million (+1.9% YoY), operating income at ¥5,300 million (+2.8%), and net income at ¥11,500 million (-5.2%).

• Annual dividend forecast is ¥145.00 per share.

• No revisions to the previously announced earnings or dividend forecasts.

• Management notes forecasts are based on current assumptions and actual results may vary due to external factors.