Nitto Denko (6988) Q4 2025 earnings summary

Executive summary

• Achieved record-high revenue of 1,013.9 billion yen (¥1,013,878 million), surpassing 1 trillion yen for the first time, with operating profit and net profit also reaching new highs for FY2024.

• Revenue grew 10.8% year-over-year, operating profit rose 33.4%, and net profit attributable to owners increased 33.7% to 137.2 billion yen (¥137,307 million).

• Operating profit reached 185.7 billion yen (¥185,667 million), and basic EPS was ¥195.74, reflecting a strong recovery.

• Positive foreign exchange impact contributed 23.3 billion yen to operating profit.

• Total comprehensive income declined 19.4% year-over-year to ¥132,869 million due to negative other comprehensive income, despite higher net profit.

Financial highlights

• Revenue: 1,013.9 billion yen (+98.7 billion yen, +10.8% YoY).

• Operating profit: 185.7 billion yen (+46.5 billion yen, +33.4% YoY), margin improved to 18.3%.

• Net profit attributable to owners: 137.2 billion yen (+34.6 billion yen, +33.7% YoY).

• Total assets grew to ¥1,321,920 million, and equity attributable to owners reached ¥1,044,083 million.

• Cash flows from operating activities increased to ¥217,908 million, while investing activities used ¥115,105 million.

Outlook and guidance

• FY2025 revenue forecasted at 984.0 billion yen (-2.9% YoY), operating profit at 170.0 billion yen (-8.4% YoY), and net profit at 125.0 billion yen (-8.9% YoY).

• ROE expected to decrease to 11.9%.

• Basic EPS is projected at ¥179.87 for the full year ending March 31, 2026.

• Segment forecasts: Optronics revenue and profit to decline, Human Life segment revenue to grow.