Nitto Boseki (3110) Q1 2027 earnings summary

Executive summary

• Strong demand for Special Glass in the Electronic Materials segment and price revisions drove significant year-on-year increases in both revenue and profit for the first quarter of FY2026.

• Operating profit surged 84.8% year-on-year to ¥7,943 million, with comprehensive income up 809.2% to ¥7,505 million.

• Upward revisions to full-year forecasts reflect robust AI-related investment and proactive capacity expansion for Special Glass.

Financial highlights

• 1Q FY2026 net sales rose to ¥34,033 million, up 20.6% year-on-year; operating profit increased 84.8% to ¥7,943 million.

• EBITDA grew 62.9% to ¥10.4B; net profit surged 84.2% to ¥5.8B.

• Gross profit increased to ¥14,914 million from ¥10,739 million year-over-year.

• Basic earnings per share was ¥31.85, calculated post stock split.

• ROS improved from 15.2% to 23.3% year-on-year.

Outlook and guidance

• FY2026 full-year net sales forecast raised to ¥141,000 million, up 19.3% year-on-year; operating profit forecast at ¥30,000 million, up 44.1%.

• Profit attributable to owners of parent forecast at ¥20,000 million, basic EPS at ¥109.87 post stock split.

• Both sales and profit forecasts revised upward since May; robust demand for Special Glass expected to continue.

• Uncertainty remains due to rising energy and distribution costs linked to geopolitical tensions.