Komori
Earnings6988NITTO DENKO CORPORATIONMaterials and Chemicals

Financial Results for the Fiscal Year Ending March 2026 [IFRS] (Consolidated)

For the fiscal year ended March 2026, revenue increased 1.4%, while operating profit decreased 1.1% and profit for the period attributable to owners of the parent decreased 2.7%. For the fiscal year ending March 2027, the Company expects operating profit of ¥193,000 million and plans to increase the annual dividend by ¥4 to ¥64 per share.

Worth reading
53Recurring
Scored from 5 of 6 sections
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
1.4
% (year-on-year change in revenue)
Wording
Conditional
How definitive the wording is.

Results for this period

Full year1 April 2025–31 March 2026ConsolidatedIFRS
Net Sales1,028,171¥ millionYear on year +1.4%Progress 96.5%
Operating profit183,615¥ millionYear on year -1.1%Progress 95.1%
Ordinary income184,976¥ millionYear on year -0.2%Progress 95.8%
Net income attributable to owners of the parent133,498¥ millionYear on year -2.7%Progress 94.7%

The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.

Net income per share¥197.20
Operating MarginCurrent fiscal year 17.9 % / Previous period 18.3 %
Financial position at period-end
Total assets1,441,757¥ million
of which net assets 1,149,103 ¥ millionEquity ratio 79.6%vs. prior year-end +0.6pt

塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.

Cash inflows and outflows
Operating+192,183
Investment-107,436
Financials-106,597
Net change-21,850

Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ million).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.

Cash and cash equivalents at end of period¥359,805 million
Segment revenueIndustrial Tape ¥366,607 million (YoY +4.2%), Optoronics ¥527,812 million (YoY -2.6%), Human Life ¥143,702 million (YoY +8.5%)
Segment profitIndustrial Tape ¥51,662 million (YoY +12.6%), Optoronics ¥149,871 million (YoY -13.4%), Human Life ¥-5,041 million
Regional sales¥172,839 million, ¥96,929 million, ¥96,494 million, ¥661,908 million
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥1,065,000 million (YoY +3.6%)
Operating profit¥193,000 million (YoY +5.1%)
Ordinary income¥193,000 million (YoY +4.3%)
Net income¥141,000 million (YoY +5.6%)
Annual Dividend Forecast¥60 per share → ¥64 per share(+6.7%)
Payout ratioCurrent fiscal year 30.4 % / Next-year forecast 30.6 %
Shareholder Return PolicyTarget a dividend on equity (DOE) of at least 4% and a total payout ratio of at least 60%.
Factors Behind Changes in Business Performance

Production volumes of IT equipment and high-end smartphones exceeded expectations, increasing product demand. In nucleic acid contract manufacturing, large-scale disease-related projects moved from the clinical stage to the commercialization stage, improving profitability. This was partly offset by the appreciation of the yen, which reduced operating profit by ¥8.1 billion.

Disclosure regarding the going concern assumption

No applicable matters

Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 Not disclosed
Changes in the scope of consolidationNew 0 companies / Excluded 0 companies / Company name Not disclosed
Material subsequent eventsNo applicable matters.
Impairment loss¥4,717 million
Depreciation and amortization¥70,677 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingWhether applicable Yes / Subject person For securities analysts and institutional investors
Issued Shares at Period-End678,659,700 Shares
Treasury Shares at Period-End4,999,950 Shares
Results for this period
ItemDetails
Fiscal Period ClassificationFull year
Accounting standardsIFRS
Consolidated / non-consolidatedConsolidated
Period Covered1 April 2025–31 March 2026
Net Sales¥1,028,171 million (YoY +1.4%)
Operating profit¥183,615 million (YoY -1.1%)
Ordinary income¥184,976 million (YoY -0.2%)
Profit attributable to owners of the parent¥133,498 million (YoY -2.7%)
Net income per share¥197.20
Operating MarginCurrent fiscal year 17.9 % / Previous period 18.3 %
Equity ratioEnd of the current fiscal period 79.6 % / End of previous period 79 %
Total assets¥1,441,757 million
Net assets¥1,149,103 million
Cash flows from operating activities¥192,183 million
Cash flows from investing activities¥-107,436 million
Cash flows from financing activities¥-106,597 million
Cash and cash equivalents at end of period¥359,805 million
Full-year earnings forecastNet Sales ¥1,065,000 million (YoY +3.6%) / Operating profit ¥193,000 million (YoY +5.1%) / Ordinary income ¥193,000 million (YoY +4.3%) / Net income ¥141,000 million (YoY +5.6%)
Annual Dividend Forecast¥60 per share → ¥64 per share(+6.7%)
Payout ratioCurrent fiscal year 30.4 % / Next-year forecast 30.6 %
Shareholder Return PolicyTarget a dividend on equity (DOE) of at least 4% and a total payout ratio of at least 60%.
Segment revenueIndustrial Tape ¥366,607 million (YoY +4.2%), Optoronics ¥527,812 million (YoY -2.6%), Human Life ¥143,702 million (YoY +8.5%)
Segment profitIndustrial Tape ¥51,662 million (YoY +12.6%), Optoronics ¥149,871 million (YoY -13.4%), Human Life ¥-5,041 million
Regional sales¥172,839 million, ¥96,929 million, ¥96,494 million, ¥661,908 million
Depreciation and amortization¥70,677 million
Impairment loss¥4,717 million
Disclosure regarding the going concern assumptionNo applicable matters
Change in accounting policyChanges due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement Not disclosed
Changes in the scope of consolidationNew 0 companies / Excluded 0 companies / Company name Not disclosed
Material subsequent eventsNo applicable matters.
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingWhether applicable Yes / Subject person For securities analysts and institutional investors
Issued Shares at Period-End678,659,700 Shares
Treasury Shares at Period-End4,999,950 Shares
Factors Behind Changes in Business PerformanceProduction volumes of IT equipment and high-end smartphones exceeded expectations, increasing product demand. In nucleic acid contract manufacturing, large-scale disease-related projects moved from the clinical stage to the commercialization stage, improving profitability. This was partly offset by the appreciation of the yen, which reduced operating profit by ¥8.1 billion.
Items this document does not state (3)
Revision to Earnings ForecastOrders received and order backlogBreakdown of extraordinary income (loss)

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

Production volumes of IT equipment and high-end smartphones exceeded expectations, increasing demand for products. In addition, profitability improved as large-scale nucleic acid contract manufacturing projects moved into the commercialization stage. On the other hand, the appreciation of the yen reduced operating profit by ¥8.1 billion.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Financial Results for the Fiscal Year Ending March 2026 [IFRS] (Consolidated) | NITTO DENKO CORPORATION (6988) timely disclosure | Komori