trending Market Intelligence /marketintelligence/en/news-insights/trending/pVkUsuteoz9-DaU93dad7w2 content esgSubNav
In This List

Nitto Denko fiscal Q2 profit climbs 116.7% YOY

Blog

Europe: 5 key OTT trends to watch in 2022

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud


Nitto Denko fiscal Q2 profit climbs 116.7% YOY

Nitto Denko Corp. said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to ¥145.49 per share, a gain of 116.7% from ¥67.14 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥23.65 billion, a gain of 116.7% from ¥10.91 billion in the prior-year period.

The normalized profit margin rose to 10.5% from 5.8% in the year-earlier period.

Total revenue grew 21.1% year over year to ¥225.87 billion from ¥186.57 billion, and total operating expenses climbed 11.2% year over year to ¥187.96 billion from ¥169.01 billion.

Reported net income rose 97.5% on an annual basis to ¥27.21 billion, or ¥167.38 per share, from ¥13.77 billion, or ¥84.76 per share.

As of Nov. 2, US$1 was equivalent to ¥113.81.