Nitto Denko (6988) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 FY2024 rose 19.6% year-over-year to ¥249.3 billion, with net profit up 137.9% to ¥36.1 billion.

• Operating profit surged 126.2% to ¥50.7 billion, and basic EPS increased to ¥257.27 from ¥105.52 year-over-year.

• Total comprehensive income grew 44.2% to ¥70.9 billion compared to the same quarter last year.

Financial highlights

• Gross profit increased to ¥98.5 billion from ¥66.1 billion year-over-year.

• Total assets reached ¥1,304.3 billion, up from ¥1,251.1 billion at the end of March 2024.

• Equity attributable to owners rose to ¥1,021.5 billion, with an equity ratio of 78.3%.

• Net cash from operating activities was ¥31.6 billion, up from ¥11.6 billion year-over-year.

• Cash and cash equivalents at quarter-end were ¥315.8 billion.

Outlook and guidance

• FY2025 revenue forecast is ¥982 billion, up 7.3% year-over-year; operating profit expected at ¥180 billion, up 29.4%.

• Net profit attributable to owners forecasted at ¥130 billion, up 26.6% year-over-year.

• Basic EPS forecast (post-stock split) is ¥185.14 for the full year.

• Interim dividend forecast is ¥28 per share, with a 5-for-1 stock split effective October 1, 2024.