Nitto Boseki (3110) Q3 2026 earnings summary

Executive summary

• Net sales for the first nine months ended December 31, 2025, rose 7.5% year-over-year to ¥87,594 million, with operating profit up 26.4% to ¥14,933 million and profit attributable to owners of parent surging 272.7% to ¥35,110 million.

• Achieved higher sales and profits year-over-year, driven by strong Special Glass and electronic materials sales, and extraordinary income from asset sales in Q3 FY2025.

• Strong performance in high-value-added products, especially in the Electronic Materials Business, drove results despite global economic uncertainty and mixed sector trends.

• Upward revision of full-year forecasts for operating, ordinary, and net profit due to strong performance and a weaker yen.

Financial highlights

• Net sales for 3Q cumulative FY2025 reached ¥87.6B, up 7.5% year-over-year.

• Operating profit rose 26.4% to ¥14.9B; EBITDA increased 23.4% to ¥21.8B.

• Net profit surged 272.7% to ¥35.1B, reflecting a significant gain on sale of non-current assets.

• Ordinary profit increased 15.5% year-over-year to ¥15,245 million.

• Comprehensive income reached ¥39,512 million, up 360.9% year-over-year.

Outlook and guidance

• FY2025 full-year net sales forecast raised to ¥120.0B, operating profit to ¥20.0B, and net profit to ¥38.0B.

• Basic earnings per share for the full year projected at ¥1,043.79.

• Dividend forecast for the year raised to ¥114.00 per share.

• Continued robust demand for Special Glass, especially for AI servers and data centers.

• Stable profitability expected in Medical; Composite Materials and Insulation Materials face cost pressures.