Komori
Nitto Kogyo (6651) · TargetAdvanced

Delivering value as a leading company in switchboards and cubicles

First written in FY2016. 10 of 28 entries say "Advanced", first in FY2021. Latest entry: FY2026.

28entries
11years
2from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2016 – FY2018OtherFY2022-Q1 – FY2023AdvancedFY2024-Q1 – FY20262016: 120162017: 120172018: 120182019: 220192020: 420202021: 420212022: 420222023: 420232024: 220242025: 220252026: 32026
Same theme, other companies
Making the switchboard and cubicle business a core business and enhancing market valueA theme 1 companies write about · 0 as a headwind · 1 as a tailwind

No other company in this theme has enough history to compare yet.

Full recordFilings, disclosures and news, newest first
  1. FY2026AdvancedAnnual report

    「As a result, revenue from the manufacturing, construction and services business related to electrical and information infrastructure rose 4.9% to ¥119,877 million, while segment profit (operating profit) increased 10.3% to ¥11,306 million.」

    The manufacturing, construction and services business, which corresponds to the core business, reported 4.9% revenue growth and 10.3% growth in segment profit.
  2. FY2026-H1AdvancedAnnual report

    「As a result, revenue from the manufacturing, construction and services business related to electrical and information infrastructure rose 7.6% to ¥55,173 million, while segment profit (operating profit) increased 12.6% to ¥3,423 million.」

    The core manufacturing, construction and services business reported 7.6% year-on-year revenue growth and 12.6% segment profit growth, with improved business competitiveness reflected in the interim results.
  3. FY2025AdvancedAnnual report

    「In the distribution-board division, sales increased as a result of the consolidation of Tempaール工業㈱, which became a subsidiary, and sales of high-voltage power receiving equipment increased due to improved project pricing. As a result, revenue rose 22.1% to ¥68,681 million.」

    The strengthening of the core business also emerged in full-year results through the consolidation of Tempaール工業 and improved project pricing for high-voltage power receiving equipment. Revenue in the distribution-board division rose 22.1% year on year.
  4. FY2025-H1AdvancedAnnual report

    「In the distribution-board division, sales increased as a result of the consolidation of Tempaール工業㈱, which became a subsidiary, and sales of high-voltage power receiving equipment increased due to improved project pricing. As a result, revenue rose 21.7% to ¥30,133 million.」

    The strengthening of the core business has translated into higher revenue through the consolidation of Tempaール工業 and improved project pricing for high-voltage power receiving equipment. Revenue in the distribution-board division rose 21.7% year on year.
  5. FY2024-Q3AdvancedAnnual report

    「This initiative is intended to further strengthen the core business and transform it into a robust business model.」

    The policy of transforming the business into a robust business model through the acquisition of Tempaール工業 as a subsidiary has given concrete form to the strengthening of the core business.
  6. FY2024-Q2AdvancedAnnual report

    「In the distribution-board division, sales of the core distribution and control panels increased amid resilient corporate capital investment demand, while sales at subsidiaries including Gathergates Group Pte Ltd also increased. As a result, revenue rose 18.7% year on year to ¥24,768 million.」

    Revenue in the distribution-board division rose 18.7% year on year due to higher sales of the core distribution and control panels and subsidiaries.
  7. FY2024-Q1AdvancedAnnual report

    「In the manufacturing, construction and services business related to electrical and information infrastructure, sales of distribution and control panels and cabinets increased due to the effects of price revisions and other factors, while sales at Gathergates Group Pte Ltd also increased. As a result, revenue rose 14.0% year on year to ¥20,245 million, and segment profit (operating profit) increased 1104.4% to ¥1,017 million.」

    The manufacturing, construction and services business reported 14.0% revenue growth and 1104.4% profit growth, driven by the effects of price revisions and higher sales of distribution and control panels, cabinets and Gathergates.
  8. FY2023Revenue increased for the main distribution boards, but profit declined due to higher raw-material costs.Annual report

    「In the distribution-board division, sales of the core distribution and control panels increased as corporate capital investment began to recover, while sales at subsidiaries including Gathergates Group Pte Ltd also increased. As a result, revenue rose 21.6% year on year to ¥49,076 million.」

    The distribution-board division reported a sharp increase in revenue due to higher sales of the core distribution and control panels and overseas subsidiaries, while operating profit for the manufacturing, construction and services business as a whole fell 4.6% year on year to ¥6,188 million due to soaring raw-material prices.
  9. FY2023-Q3Revenue increased for the main distribution and control panels, but profit continued to decline due to higher raw-material costs.Annual report

    「In the manufacturing, construction and services business related to electrical and information infrastructure, sales of the core distribution and control panels increased as corporate capital investment began to recover, while sales at subsidiaries including Gathergates Group Pte Ltd also increased. As a result, revenue rose 8.6% year on year to ¥61,620 million. Segment profit (operating profit), however, fell 20.6% to ¥3,874 million due to soaring raw-material prices and other factors.」

    Revenue increased due to higher sales of the core distribution and control panels and subsidiaries including Gathergates, while segment profit fell 20.6% due to soaring raw-material prices.
  10. FY2023-Q2Revenue increased for the main distribution and control panels, but profit continued to decline due to higher raw-material costs.Annual report

    「As a result, revenue from the manufacturing, construction and services business related to electrical and information infrastructure rose 5.2% year on year to ¥37,976 million. Segment profit (operating profit), however, fell 47.9% to ¥1,380 million due to soaring raw-material prices and other factors.」

    The manufacturing, construction and services business reported higher revenue, but segment profit fell 47.9% year on year due to soaring raw-material prices.
  11. FY2023-Q1Revenue increased for the main distribution and control panels, but profit fell sharply due to higher raw-material costs.Annual report

    「In the manufacturing, construction and services business related to electrical and information infrastructure, sales of system racks and other products declined due to fewer 5G-related projects. However, sales of the core distribution and control panels increased as the impact of the COVID-19 pandemic gradually eased and capital investment began to recover. As a result, revenue rose 1.0% year on year to ¥17,756 million. Segment profit (operating profit), however, fell 93.8% to ¥84 million due to the significant impact of soaring raw-material prices.」

    The business reported higher revenue due to increased sales of its core distribution and control panels, while segment profit fell 93.8% year on year due to soaring raw-material prices.
  12. FY2022Revenue increased in the distribution-board division, but business profit declined due to higher raw-material costs.Annual report

    「In the distribution-board division, sales of residential distribution panels equipped with switches for changing between commercial and emergency power supplies increased, as did sales at the overseas subsidiary Gathergates Group Pte Ltd. As a result, revenue rose 3.2% year on year to ¥40,364 million.」

    The distribution-board division reported higher revenue due to increased sales of residential distribution panels and Gathergates, while operating profit for the manufacturing, construction and services business as a whole fell 33.1% due to higher raw-material costs and other factors.
  13. FY2022-Q3Some products and the overseas subsidiary grew, but lower domestic sales of distribution and control panels and cabinets, together with higher raw-material costs, reduced profit.Annual report

    「In the manufacturing, construction and services business related to electrical and information infrastructure, sales of residential distribution panels and circuit breakers increased, as did sales at the overseas subsidiary Gathergates Group Pte Ltd. However, domestic sales of distribution and control panels and cabinets declined due to the impact of the COVID-19 pandemic. As a result, revenue was ¥56,744 million, down 0.1% year on year. Segment profit (operating profit) fell 35.2% to ¥4,879 million, affected by soaring raw-material prices.」

    Sales of residential distribution panels, circuit breakers and Gathergates increased, but the business as a whole reported a slight decline in revenue and a sharp drop in profit due to lower domestic sales of distribution and control panels and cabinets and soaring raw-material prices.
  14. FY2022-Q2Some products and overseas subsidiaries grew, but domestic distribution-board sales declined in the core business.Annual report

    「In the distribution-board division, sales of residential distribution panels equipped with switches for changing between commercial and emergency power supplies increased, as did sales at the overseas subsidiary Gathergates Group Pte Ltd. However, domestic sales of distribution boards and industrial distribution panels declined due to the impact of the COVID-19 pandemic. As a result, revenue was ¥18,074 million, down 1.3% year on year.」

    Sales of residential distribution panels for emergency power supplies and Gathergates increased, but the distribution-board division as a whole reported a 1.3% decline in revenue due to lower domestic sales of distribution boards and industrial distribution panels.
  15. FY2022-Q15G-related products increased, but revenue and profit declined for the main distribution and control panel business.Annual report

    「In the manufacturing, construction and services business related to electrical and information infrastructure, sales of system racks and related products increased in line with telecommunications operators' investment in 5G-related facilities. However, sales of the core distribution and control panels declined due to the impact of the COVID-19 pandemic. As a result, revenue was ¥17,586 million, down 0.9% year on year, and segment profit (operating profit) was ¥1,361 million, down 26.7%.」

    The manufacturing, construction and services business related to electrical and information infrastructure reported lower revenue and profit as lower sales of its core distribution and control panels outweighed growth in 5G-related system racks and other products.
  16. FY2021AdvancedAnnual report

    「By bringing together the Group's diverse technologies and expertise, the company will develop products and improve existing products with a focus on ease of use, build systems that enhance customer convenience and efficiency, and strengthen the Group's after-sales service capabilities. By creating hidden value that users have not recognized, it aims to become a company trusted by its customers.」

    The company is translating value creation in its core business into specific initiatives, including product development and improvement, systems to enhance convenience, stronger after-sales services and the creation of latent value.
  17. FY2021-Q3Some revenue growth from 5G and GIGA projects, but the core business reported lower revenue and profit.Annual report

    「In the distribution-board-related manufacturing business, sales of custom distribution panels and system racks increased in line with telecommunications operators' investment in 5G-related facilities, while sales of certain cabinets also increased after the company won capital investment projects related to the GIGA School Initiative. However, overall sales declined due to the impact of the COVID-19 pandemic. Revenue was therefore ¥54,823 million, down 11.8% year on year, and segment profit (operating profit) was ¥7,345 million, down 5.5%.」

    Sales of custom distribution panels and system racks related to 5G and projects related to the GIGA School Initiative increased, but revenue and segment profit for the distribution-board-related manufacturing business as a whole fell 11.8% and 5.5%, respectively.
  18. FY2021-Q2The core business posted higher profit despite lower revenue, owing to lower personnel expenses and other costs.Annual report

    「As a result, revenue from the distribution-board-related manufacturing business was ¥34,521 million, down 12.7% year on year. Segment profit (operating profit), however, rose 4.8% to ¥4,085 million, mainly because personnel expenses and other costs declined more than expected.」

    The distribution-board-related manufacturing business reported lower revenue due to the COVID-19 pandemic, the loss of sales of products related to school air-conditioning systems and stagnation in the FA-related market, while segment profit increased as personnel expenses and other costs declined.
  19. FY2021-Q15G-related products increased, but the core business reported lower revenue amid the COVID-19 pandemic and other factors.Annual report

    「In the distribution-board-related manufacturing business, sales of certain products, including custom distribution panels and system racks, increased in line with telecommunications operators' investment in 5G-related facilities. However, overall sales declined as companies' appetite for capital investment weakened due to the impact of the COVID-19 pandemic and other factors.」

    Sales of custom distribution panels and system racks related to 5G increased, but the distribution-board-related manufacturing business as a whole reported lower revenue due partly to weaker corporate capital investment sentiment.
  20. FY2020RaisedAnnual report

    「For its main products, cabinets and distribution-board-related products, the company aims to grow into the overwhelming No. 1 company by providing products and services tailored to customer needs,」

    For its core products, the company has explicitly set a goal of growing from strengthening its existing competitiveness and providing value to becoming the overwhelming No. 1 company.
  21. FY2020-Q3RestatedAnnual report

    「Against this backdrop, based on the “2020 Medium-Term Management Plan,” which began in the fiscal year ending March 2018, the Group is implementing various measures to create a next-generation business model, including strengthening the manufacture and sale of its core business, distribution and switchboards and components, and establishing its overseas and new businesses at an early stage.」

    The company positions the manufacture and sale of distribution and control panels and components as its core business and continues to strengthen these operations.
  22. FY2020-Q2RestatedAnnual report

    「Against this backdrop, based on the “2020 Medium-Term Management Plan,” which began in the fiscal year ending March 2018, the Group is implementing various measures to create a next-generation business model, including strengthening the manufacture and sale of its core business, distribution and switchboards and components, and establishing its overseas and new businesses at an early stage.」

    The company positions the manufacture and sale of distribution and control panels and components as its core business and continues to strengthen these operations.
  23. FY2019ReframedAnnual report

    「In addition to strengthening the core business centered on the manufacture and sale of distribution and switchboards and components, we will actively pursue overseas and new businesses in cooperation with Group companies and alliance partners, working to create a next-generation business model.」

    The company is moving away from its traditional positioning as a leading manufacturer of switchboards and cubicles, and is instead focusing on strengthening its core businesses centered on distribution and control panels and components.
  24. FY2018RestatedAnnual report

    「As a “group of switchboard professionals” that brings together the knowledge and experience of Group companies, we will further strengthen our competitiveness across all markets related to distribution, switchboards and control panels.」

    The switchboard-related business is positioned as a core business to be developed across all markets, with competitiveness continuing to be strengthened by bringing together the Group’s knowledge and experience.
  25. FY2017RestatedAnnual report

    「As a “group of switchboard professionals” that brings together the knowledge and experience of Group companies, we will strengthen our competitiveness across all markets related to distribution, switchboards and control panels.」

    The focus on strengthening competitiveness across all markets related to switchboards, with the switchboard-related business as the core, continues.
  26. FY2016First statedAnnual report

    「Continue providing new value as a leading company in switchboards and cubicles.」

    The company positions distribution switchboards and cubicles as its core business and plans to advance product development, service provision, and improvements in customer service capabilities.
Moved together

"Increase in sales of network-related products driven by the expanded adoption of surveillance cameras" moved the same way as this thread, in the same document, in 10 of its 28 moves.

1088887★123456
  1. ★This thread
  2. 1Increase in sales of network-related products driven by the expanded adoption of surveillance cameras10×
  3. 2Expansion of Energy Management, Energy Storage and Charging-Related Products8×
  4. 3Rationalization and Upgrading of Production Facilities and Investment to Support New Products8×
  5. 4Pursuing Core Business Competitiveness by Strengthening Technical and Product Proposal Capabilities8×
  6. 5Strengthening the Production System and Management Infrastructure8×
  7. 6Taking on New Business Models and New Market Opportunities7×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for Nitto Kogyo yet. It last moved in the General Meetings of Shareholders of 2026-06-03: "Advanced".
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Delivering value as a leading company in switchboards and cubicles | NITTO KOGYO CORPORATION (6651) | Komori