Niitaka Co., Ltd. announced first-quarter results for the fiscal year ending May 2027. Sales were ¥6.334 billion, up 5.5% year on year, with the core chemical business driving a 0.5% increase in operating profit. The full-year forecasts were revised to sales of ¥27.5 billion and operating profit of ¥1.8 billion.
Niitaka Co., Ltd. announced results for the first quarter of the fiscal year ending May 2027. Sales were ¥6.334 billion, up 5.5% year on year, while operating profit rose slightly by 0.5% to ¥585 million. Ordinary profit fell 1.2% year on year to ¥608 million, and net profit fell 0.8% to ¥415 million.
Sales in the chemical business, which includes the core commercial detergent business, rose 9.1%, while operating profit increased 22.7%. Overall profit was broadly flat, but the business-by-business figures show a notable contribution from steady earnings.
The full-year forecasts were announced at sales of ¥27.5 billion, approximately 11.7% higher than the previous fiscal year; operating profit of ¥1.8 billion, down 15.0%; ordinary profit of ¥1.85 billion, down 16.6%; and net profit of ¥1.285 billion, down 32.4%. While there are factors that could weigh on profit, sales growth is expected to be key to progress against the forecasts.
The company plans to pay a dividend of ¥84 for the current fiscal year. There are various reports that the target payout ratio is at least 30%, but the article provides no specific basis for this information.