NOK CORPORATION's results for the first quarter of the fiscal year ending March 2027 showed year-on-year increases in net sales and profit, with ordinary profit and net income also improving significantly. The growth trend continued, helped in part by foreign exchange gains.
In its results for the first quarter of the fiscal year ending March 2027, NOK CORPORATION reported net sales of ¥181.2 billion, up 5.5% year on year, and operating profit of ¥7.7 billion, up 9.3%, achieving increases in both revenue and profit. Against a backdrop of a rebound following the COVID-19 pandemic and improving market conditions, the company is believed to have secured solid demand.
With contributions from foreign exchange gains, ordinary profit rose 54.9% to ¥13.4 billion and net income rose 58.4% to ¥9.1 billion, representing significant improvements. Improvements in the cost structure and the impact of foreign exchange have been reported to have contributed to the expansion of profit.
Performance trends over the past 12 quarters indicate an improving direction, with net profit margins and operating profit margins recovering, the equity ratio rising, and EPS increasing, which is said to have strengthened the company's stability.
The date of the next earnings announcement has not been set, and attention is focused on future disclosures.