Nitta (5186) Q3 2025 earnings summary

Executive summary

• Net sales for Q3 FY2024 were ¥66,849 million, up 0.3% year-over-year, driven by price pass-throughs and cost reductions despite higher raw material and labor costs.

• Operating income rose 7.5% to ¥4,120 million, and net income attributable to owners increased 23.4% to ¥9,416 million year-over-year.

• Comprehensive income for the period was ¥10,912 million, down 16.1% year-over-year.

• Recovery in semiconductor manufacturing equipment and North American logistics offset weakness in automotive and construction machinery sectors.

Financial highlights

• Gross profit increased 6.0% to ¥18,258 million, with gross margin improving from 25.9% to 27.3% year-over-year.

• Ordinary income grew 19.5% to ¥11,089 million, supported by higher equity in earnings of affiliates.

• Net income per share for the nine months was ¥338.63, up from ¥274.03 year-over-year.

• Total assets as of December 31, 2024, were ¥173,151 million, up from ¥169,504 million at the previous fiscal year-end.

• Equity-to-asset ratio improved to 85.2% from 83.3% as of March 31, 2024.

Outlook and guidance

• Full-year FY2024 forecasts were revised upward: net sales expected at ¥90,000 million (+1.6% YoY), operating income at ¥5,000 million (+13.1%), ordinary income at ¥14,000 million (+16.7%), and net income at ¥11,500 million (+16.7%).

• Net income per share for the full year is expected to be ¥413.54.

• Dividend forecast for the fiscal year is ¥132.00 per share.

• Growth is anticipated from high value-added products for semiconductor manufacturing and successful cost pass-throughs.