Nitto Boseki (3110) Q3 2025 earnings summary

Executive summary

• Achieved strong year-over-year growth in sales and profits, driven by robust demand for Special Glass and high-value-added products.

• Ordinary profit and net profit significantly exceeded the same period last year.

• The company launched a new Medium-Term Management Plan (FY2024–2027) to pursue Big VISION 2030, focusing on global niche leadership in Environment/Energy, Digital Society, and Health/Safety/Security.

Financial highlights

• Net sales for 3Q cumulative FY2024 reached ¥81,520 million, up 19.8% year-over-year.

• Operating profit rose to ¥11,811 million, a 107.1% increase year-over-year.

• EBITDA for 3Q cumulative was ¥17,600 million, up 59.8% year-over-year.

• Net profit for 3Q cumulative was ¥9,421 million, up 75.6% year-over-year.

• Gross profit for the nine months was ¥29,760 million, up from ¥22,432 million year-over-year.

Outlook and guidance

• FY2024 full-year net sales forecast at ¥109,000 million; operating profit forecast at ¥16,000 million; net profit forecast at ¥11,500 million.

• Basic earnings per share for the full year projected at ¥315.87, reflecting a 9.5% upward revision from previous guidance.

• Dividend forecast for FY2025 raised to ¥87.00 per share, up from ¥55.00 in the prior year.

• Strong sales of Special Glass expected to continue, with record sales anticipated.

• Insulation Materials to see strong sales but face rising costs due to facility repairs.