NITTO DENKO CORPORATION [6988.T]
TOKYO, Apr 27 (Pulse News Wire) – Nitto Denko Corporation (6988.T) reported revenue of ¥1,013.88 billion for the fiscal year ended March 2024, down 11.2% compared to the previous year. Operating profit stood at ¥76.40 billion, marking a decline of 33%.
Net profit attributable to shareholders was ¥57.26 billion, representing a decrease of 27%. For the quarter ending March 2025, the company forecast revenue of ¥1,027 billion, with operating profit expected to reach ¥183.62 billion. Capital expenditures are anticipated to total ¥120 billion for the fiscal year 2026.
Segment-wise, Industrial Tape recorded a 17% increase in sales during the fourth quarter of 2024, while Optoelectronics saw a 24.5% rise in sales for the same period. However, Information Functional Materials experienced a 19.3% drop in sales year-over-year. Looking ahead, the company expects its Information Functional Materials division to recover slightly, projecting a 7.8% growth in sales for the next fiscal year.
Additionally, capital investments are set to increase by 30%, reaching ¥153 billion in 2026.
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