Source disclosure: January 30, 2026
NITTAN Corporation [6493.T]
TOKYO, Jan 30 (Pulse News Wire) -- Nittan Corporation (6493.T), led by President Lee Taehwan, has revised its consolidated earnings forecast and final dividend expectations for the fiscal year ending March 31, 2026. The company initially announced these figures on May 14, 2025, but recent developments have prompted an update.
According to the new forecast, Nittan expects its sales revenue to reach ¥51.4 billion, up from the previously stated ¥48.7 billion. Operating income is projected to increase to ¥3.3 billion, compared to ¥2.37 billion earlier. Ordinary income is anticipated to rise to ¥3.6 billion from ¥2.45 billion, while net income attributable to shareholders of the parent company is expected to jump to ¥2.2 billion from ¥1.49 billion. This represents increases of 5.5%, 39.2%, 46.9%, and 47.7% respectively over the previous estimates. On a per-share basis, the net income is now estimated at ¥76.41, significantly higher than the initial projection of ¥51.78.
The revision comes as a result of strong performance during the third quarter of the current fiscal year. Despite challenges such as semiconductor shortages in China and U.S. tariff policies, high-value-added valve sales recovered, contributing positively to overall revenues. Additionally, favorable exchange rate movements due to a weaker yen against major currencies provided further impetus to sales growth. Profitability was bolstered by production efficiency improvements at North American facilities, recovery from fire impacts in marine parts operations, and gains from the sale of some policy-held stocks.
Regarding dividends, Nittan plans to raise its final dividend payout for the fiscal year ending March 31, 2026, to ¥13 per share, up from the previously announced ¥7 per share. This brings the total annual dividend per share to ¥20, reflecting the improved outlook for the company's earnings. Previously, the company had planned to distribute ¥14 per share annually.
The decision to boost dividends stems from the company’s ongoing efforts to optimize its asset portfolio and enhance long-term corporate value. By selling off certain policy-held shares, Nittan has generated additional profits that will be shared with shareholders through increased dividends. Moving forward, the firm aims to balance shareholder returns withinvestment in growth opportunities while strengthening its financial foundation.
Nittan’s Executive Vice President and Chief Financial Officer, Kitaura Takashi, emphasized the importance of maintaining stability and sustainability in dividend payouts. “We remain committed to our strategy of balancing capital allocation between growth investments and shareholder returns,” he said. “This adjustment reflects both the positive trends in our business performance and our commitment to rewarding our investors.”
AI-translated content. 🟡 Confidence: Standard See terms • Original filing