Nitto Denko (6988) Q3 2025 earnings summary

Executive summary

• Revenue for 3Q FY2024 reached 778.3 billion yen, up 12.2% year-over-year, with operating profit at 152.9 billion yen, up 36.1%, both record highs for the nine-month period ended December 31, 2024.

• Net profit attributable to owners was 108.7 billion yen, up 33.2% year-over-year.

• Basic EPS was 154.84, reflecting the 5-for-1 stock split effective October 1, 2024.

• Total comprehensive income grew 17.3% year-over-year to 129.6 billion yen.

• Positive foreign exchange impact contributed 19.8 billion yen to operating profit.

Financial highlights

• Operating profit margin improved to 19.7% from 16.2% year-over-year.

• Free cash flow increased to 69.2 billion yen from 47.0 billion yen year-over-year.

• Cash and cash equivalents at period end rose to 359.7 billion yen, up 48.0 billion yen year-over-year.

• Gross profit for the nine months was 308.0 billion yen, up from 255.9 billion yen year-over-year.

• Net cash provided by operating activities increased to 158.1 billion yen from 97.8 billion yen year-over-year.

Outlook and guidance

• FY2024 revenue forecast is 1,005.0 billion yen, up 9.8% from FY2023.

• Operating profit forecasted at 185.0 billion yen, up 33.0% year-over-year.

• Net profit attributable to owners projected at 135.0 billion yen, up 31.4% year-over-year.

• Basic EPS forecast is 192.32, based on the stock split.

• Year-end dividend forecast is 140 yen per share (pre-split basis: 280 yen annual).