Nitto DenkoNITTO DENKO CORPORATION6988東証プライム化学FY ending Mar 2026, consolidated, IFRS

Nitto Denko FY ending Mar 2026 results

About 51% of Nitto Denko's sales come from Optronics, with IndustrialTape and Human life making up much of the rest.

Out of every ¥100 of sales, about ¥18 is left as operating profit.

Revenue changed +1.4% from the prior year, operating profit -1.1%.

Revenue and profit pattern

Revenue up, profit downRevenue grew faster

Revenue +1.4% · profit -1.1%, calculated from disclosed figures.

Operating leverage: -0.78× (profit growth ÷ revenue growth)

What changed from last year

FY ending Mar 2025 → FY ending Mar 2026

Revenue
+1.4%¥1.01T → ¥1.03T
Gross profit
-1.2%¥395.5B → ¥390.8B
Operating income
-1.1%¥185.7B → ¥183.6B
Net income attributable to owners
-2.7%¥137.2B → ¥133.5B
Operating cash flow
-11.8%¥217.9B → ¥192.2B
Free cash flow
-14.6%¥111.9B → ¥95.6B

Results at a glance

  • Revenue for the FY ending Mar 2026 was ¥1.03T, up +1.4% from ¥1.01T the year before.
  • Profit dipped slightly: operating income was ¥183.6B (-1.1%) and net income was ¥133.5B (-2.7%).
  • Cash generation fell more sharply, with operating cash flow at ¥192.2B (-11.8%) and free cash flow at ¥95.6B (-14.6%).

What drove the change

  • Production of IT devices and high-end smartphones beat expectations, lifting demand for products such as debondable tape and high-precision circuit boards
  • In Optronics, sales fell as the company pulled out of optical films for LCD smartphones and cut prices on process protection film
  • A stronger yen weighed on operating income, while the Human Life loss narrowed as large nucleic acid manufacturing contracts moved into the commercial stage

Things to watch

  • Most sales come from overseas, so currency swings and trade measures such as US tariffs could hurt results
  • Conflict in the Middle East or a closure of the Strait of Hormuz could push up oil-based raw material costs and disrupt shipping
  • The display market moves fast and competition is intense, so commoditization or new rivals could squeeze margins

Annual Securities Report, 161st term / 経営者による財政状態、経営成績及びキャッシュ・フローの状況の分析 · Annual Securities Report, 161st term / 事業等のリスク

Where the money goes

FY ending Mar 2025 → FY ending Mar 2026

Where ¥100 of sales goes

For every ¥100 Nitto Denko sells, how much goes where, and how much is kept.

FY ending Mar 2026
Cost of sales
¥62
SG&A
¥15
Other costs
¥5
Operating profit
¥18
Net profit kept
¥13

Annual margin trends

Gross margin38.0%
FY ending Mar 2021: 32.0%32.0%FY ending Mar 2022: 35.4%35.4%FY ending Mar 2023: 36.3%36.3%FY ending Mar 2024: 36.2%36.2%FY ending Mar 2025: 39.0%39.0%FY ending Mar 2026: 38.0%38.0%FY21FY22FY23FY24FY25FY26
Operating margin17.9%
FY ending Mar 2021: 12.3%12.3%FY ending Mar 2022: 15.5%15.5%FY ending Mar 2023: 15.8%15.8%FY ending Mar 2024: 15.2%15.2%FY ending Mar 2025: 18.3%18.3%FY ending Mar 2026: 17.9%17.9%FY21FY22FY23FY24FY25FY26
Net margin13.0%
FY ending Mar 2021: 9.2%9.2%FY ending Mar 2022: 11.4%11.4%FY ending Mar 2023: 11.8%11.8%FY ending Mar 2024: 11.2%11.2%FY ending Mar 2025: 13.5%13.5%FY ending Mar 2026: 13.0%13.0%FY21FY22FY23FY24FY25FY26

Aligned fiscal years compare the shares of revenue remaining as gross, core, and net profit. Missing years are left unconnected.

Which businesses earn the money

Revenue by business segment, and the profit each one keeps.

FY ending Mar 2026

Profit by segment

※ Segment figures include inter-segment sales and do not sum to the company total

Sources

Show source documents (6)
  • EDINET (FSA Japan)

    有価証券報告書-第161期(2025/04/01-2026/03/31)

    ID S100YCAR2026-06-17Open
  • EDINET (FSA Japan)

    有価証券報告書-第160期(2024/04/01-2025/03/31)

    ID S100VYH32025-06-18Open
  • EDINET (FSA Japan)

    訂正有価証券報告書-第159期(2023/04/01-2024/03/31)

    ID S100U06I2024-07-05Open
  • EDINET (FSA Japan)

    有価証券報告書-第158期(2022/04/01-2023/03/31)

    ID S100R2482023-06-23Open
  • EDINET (FSA Japan)

    訂正有価証券報告書-第157期(令和3年4月1日-令和4年3月31日)

    ID S100OPQW2022-07-13Open
  • EDINET (FSA Japan)

    有価証券報告書-第156期(令和2年4月1日-令和3年3月31日)

    ID S100LK3M2021-06-18Open

Extracted from XBRL: 44 / Derived from other figures: 1

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