NITTO BOSEKI CO.,LTD. [3110.T]
TOKYO, May 12 (Pulse News Wire) – Nitto Boseki CO.,LTD. (3110.T) announced today that its board of directors revised upward the final-year targets of its medium-term management plan for fiscal 2027.
The adjustments come in light of recent performance trends. According to the company's latest mid-term plan unveiled on May 9, 2024, revenue for fiscal 2027 was raised to ¥1,350 billion from the initial target of ¥1,300 billion. Similarly, operating profit was increased to ¥200 billion from the previously set goal of ¥180 billion. Other key metrics such as EBITDA, ROE, and ROIC remain unchanged but are now expected to exceed the weighted average cost of capital (WACC).
Capital expenditure over four years remains approximately ¥200 billion, while research and development spending stands at around ¥100 billion. "The strong demand for AI server components has driven significant growth in our specialty glass sales, particularly low-expansion glass," said Hiromichi Kajikawa, Senior Executive Officer. "Additionally, favorable exchange rates have contributed to achieving our 2025 operating profit target ahead of schedule." Despite geopolitical risks, the company plans to accelerate investment in specialty glass production to capitalize on continued robust demand. Dividend payouts will maintain a steady payout ratio based on consolidated earnings, with a minimum of ¥10 per share.
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