Nitta (5186) Q1 2026 earnings summary

Executive summary

• Net sales for Q1 FY2025 were ¥21,625 million, nearly flat year-over-year, with a marginal decrease of ¥9 million (down 0.0%).

• Gross profit increased by 6.5% year-over-year, but operating income and net income declined due to higher labor and freight costs, and temporary product compensation expenses.

• Operating income declined 5.7% year-over-year to ¥1,095 million.

• Net income attributable to owners decreased 9.0% to ¥2,744 million.

• Comprehensive income dropped sharply to ¥316 million, down 94.6% from the prior year.

Financial highlights

• Gross profit rose to ¥6,051 million (28.0% margin), up from ¥5,681 million (26.3%) in Q1 FY2024.

• Operating profit fell to ¥1,095 million from ¥1,162 million year-over-year.

• Ordinary income dropped 11.9% to ¥3,174 million.

• Net income per share was ¥99.10, down from ¥108.05 in the prior year.

• Equity-to-asset ratio remained high at 84.8%.

Outlook and guidance

• FY2025 full-year forecast remains unchanged: net sales ¥92,000 million (+1.9%), operating income ¥5,300 million (+2.8%), net income ¥11,500 million (−5.2%).

• Dividend forecast for the year is ¥145.00 per share.

• Forecast does not include potential impacts from U.S. tariffs or related international responses.