bullish
Nitto Kogyo Corporation (6651 Jp) - Q2 Follow-Up - December 19, 2024
SUMMARY
- H1 2025/3 Earnings Result Summary: Nitto Kogyo Corporation (hereafter, the Company) announced net sales of JPY 81,983 mn (+12.1% YoY), operating profit of JPY 4,063 mn (-14.8% YoY), ordinary profit of JPY 4,433 mn (-14.5% YoY), and profit attributable to owners of parent (hereafter, net profit) of JPY 5,212 mn (+46.2% YoY).
- Net profit rose, due to the booking of an extraordinary gain from the acquisition of subsidiary shares. Sales and net profit were record-high in H1.
- FY2025/3 Earnings Forecast: Following H1 earnings, the Company revised its full-year FY2025/3 earnings forecast.
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