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Nitto Denko : Financial Results First Quarter FY2023
August 07, 2023 at 08:19 am
Financial Results First Quarter FY2023
Nitto Denko Corporation
July 26, 2023
© Nitto Denko Corporation. All Rights Reserved.
Contents
Full-year Forecasts for FY2023
© Nitto Denko Corporation. All Rights Reserved.
© Nitto Denko Corporation. All Rights Reserved.
Summary of Financial Results
4
Results of 1Q FY2023
Revenue
-7.9 B. yen
(-3.7%)
Revenue and operating income of Industrial Tape and Optronics decreased
For Human Life, revenue increased, but operating income decreased
Impact of yen weakness on operating income was 45.0 B. yen
© Nitto Denko Corporation. All Rights Reserved.
1Q FY2023 Results
5
(Billion yen)
1Q FY2022
1Q FY2023
YoY
(Apr.-Jun.)
(Apr.-Jun.)
%
Revenue
216.4
208.5
-7.9
-3.7%
Operating income
38.5
22.4
-16.1
-41.8%
Operating income
17.8%
10.8%
-7.1%
-
to revenue
Income before
38.7
22.2
-16.5
-42.7%
income taxes
Net income
26.4
15.2
-11.3
-42.6%
attributable to owners of
the parent company
Yen/1US$
126.0
135.1
+9.1
+7.2%
© Nitto Denko Corporation. All Rights Reserved.
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Nitto Denko Corporation published this content on 07 August 2023 and is solely responsible for the information contained therein. Distributed by Public , unedited and unaltered, on 07 August 2023 07:18:08 UTC .
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Duration Auto. 2 months 3 months 6 months 9 months 1 year 2 years 5 years 10 years Max.
Period Day Week
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Nitto Denko Corporation specializes in the manufacturing and marketing of chemical products used as materials for industrial and electronic components. Net sales break down by family of products as follows:
- optoelectronic products (53.1%): LCD-related products, conductive films used on touch panels, semiconductor encapsulating materials, printed circuit boards, etc.;
- industrial tapes (38.4%): adhesives tapes for electronic components and hard disc drives, surface protective materials, tapes for hygienic use, etc.;
- medical and environmental materials (5.6%): transdermal drug delivery patches and seawater desalination membranes;
- other (2.9%).
More about the company
Last Close Price
12,470
JPY
Average target price
13,151
JPY
Spread / Average Target
+5.46%
Consensus
1st Jan change
Capi.
+18.29% 11.25B +17.73% 66.69B +16.33% 41.24B +18.29% 25.89B +12.78% 19.81B +0.85% 17.48B -21.87% 15.86B +2.32% 15.35B -10.29% 15.23B -22.30% 13.36B
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