Investing.com — disclosed its fiscal year ending March 2026 results on Monday, with operating profit reaching ¥183.6 billion, down 1% year-over-year and slightly below the company’s guidance of ¥186 billion.
The results fell short of analyst forecasts, which anticipated ¥186.4 billion in operating profit. The Industrial Tape segment exceeded expectations, while the Optronics and Human Life divisions underperformed.
The company attributed approximately ¥1.5 billion in losses to special factors, including impairment losses on capital, underperformance in optical film for IT applications, and the CDMO business.
Nitto Denko maintained its dividend at ¥60 per share for fiscal 2026.
For fiscal year ending March 2027, the company projects operating profit of ¥193 billion, representing 5% growth year-over-year. This guidance assumes an exchange rate of , compared to ¥150 to the dollar in fiscal 2026. The company expects 3% growth in the first half and 8% growth in the second half.
The fiscal 2027 outlook anticipates flat operating profit in Optronics, strong growth in Industrial Tape, and narrowing losses in Human Life. The guidance assumes increased laptop production volumes, though with a decrease in high-end volumes, and steady growth in CDMO sales for hepatitis B.
Nitto Denko plans to pay a dividend of ¥64 per share for fiscal 2027.
The company held a teleconference Monday evening following the results announcement.
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