Nitto Boseki (3110) Q3 2025 earnings summary

Executive summary

• Q3 FY2024 net sales rose 19.8% year-over-year to ¥81.5 billion, driven by strong special glass and high-value-added product demand.

• Operating profit surged 107.1% year-over-year to ¥11.8 billion; net profit attributable to owners of parent increased 75.6% to ¥9.4 billion.

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

• Launched a new Medium-Term Management Plan (FY2024–2027) to pursue global niche leadership in key sectors.

• Upward revision to full-year operating and net profit guidance, reflecting robust demand and improved outlook.

Financial highlights

• Q3 revenue increased by ¥13.5 billion to ¥81.5 billion; operating profit rose by ¥6.1 billion to ¥11.8 billion year-over-year.

• EBITDA for 3Q cumulative was ¥17.6 billion, up 59.8% year-over-year; ROS improved to 14.5% from 8.4%.

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

• Full-year revenue forecast at ¥109 billion, operating profit at ¥16 billion, and net profit at ¥11.5 billion.

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

Outlook and guidance

• Strong demand for special glass in data centers and network equipment expected to continue, with record sales anticipated.

• Full-year operating profit forecast raised by ¥1 billion from previous guidance.

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

• Continued investment in production capacity and R&D for growth sectors.

• Technology Development Division established in April 2024 to drive innovation and R&D.