Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.
NITTA CORPORATION
Copyright © NITTA CORPORATION All Rights Reserved.
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NITTA CORPORATION
Copyright © NITTA CORPORATION All Rights Reserved.
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Consolidated Statements of Operations
Consolidated | Q2/FY2024 （millions of yen） （％） | Q2/FY2025 （millions of yen） （％） | YoY （millions of yen） | （％） | ||
Net sales | 44,354 | 100.0 | 44,112 | 100.0 | (241) | (0.5) |
Gross profit | 11,937 | 26.9 | 12,416 | 28.1 | 479 | 4.0 |
Operating income | 2,563 | 5.8 | 2,580 | 5.9 | 17 | 0.7 |
Ordinary income | 7,248 | 16.3 | 6,443 | 14.6 | (805) | (11.1) |
Quarterly net income attributable to owners of parent | 5,831 | 13.1 | 5,482 | 12.4 | (348) | (6.0) |
Capital Expenditure | 4,953 | 1,603 | ||||
Depreciation | 1,646 | 1,523 | ||||
R&D Expenditure | 973 | 1,108 | ||||
Focus of Q2/FY2025 results
Sales: Decline
Solid for the logistics industry, signs of recovery for the automotive industry, while other industries are stagnant.
Operating Income
Growth
・Increase in labor costs, freight rates, and temporary loss compensation.
・Progress of passing on to sales prices due to rising material costs.
Ordinary Income
Decline
Solid sales for the semiconductor industry, sluggish sales for the automotive industry in China and other countries, and equity-method investment returns declined.
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Quarterly Earnings
Net Sales (millions of yen)
21,725
22,040
22,863
21,980
21,634
22,719
22,495
23,427
21,625
22,487
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
FY2023
FY2024
FY2025
25,000
20,000
Belt, Rubber
Income (millions of yen)
5,000
4,000
15,000 3,000
10,000 2,000
5,000 1,000
0 0
NET SALES | Q2/FY2024 (millions of yen) | Q2/FY2025 (millions of yen) | YoY (millions of yen) | (%) |
Belt and Rubber | 14,502 | 14,516 | 13 | 0.1 |
Hose and Tube | 15,942 | 15,944 | 2 | 0.02 |
Chemical Industrial Products | 6,135 | 5,705 | (430) | (7.0) |
Other Industrial Products | 5,508 | 5,473 | (34) | (0.6) |
Others | 2,265 | 2,472 | 207 | 9.2 |
TOTAL | 44,354 | 44,112 | (241) | (0.5) |
OPERATING INCOME | Q2/FY2024 (millions of yen) | Q2/FY2025 (millions of yen) | YoY (millions of yen) | (%) |
Belt and Rubber | 1,443 | 1,651 | 208 | 14.5 |
Hose and Tube | 340 | 202 | (137) | (40.5) |
Chemical Industrial Products | 447 | 504 | 56 | 12.6 |
Other Industrial Products | 63 | 32 | (31) | (48.7) |
Others | 1,189 | 1,212 | 23 | 2.0 |
Corporate Expenses & Eliminations | (920) | (1,022) | (101) ー | |
TOTAL | 2,563 | 2,580 | 17 | 0.7 |
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Consolidated Performance
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YoY Changes in Quarterly Earnings
Belt and Rubber Products
+0.1％
Sales(Q2 YTD) Segment income(Q2 YTD)
¥14,502M
¥14,516M
¥1,443M
＋14.5％
¥1,651M
Q2/FY2024 Q2/FY2025 Q2/FY2024 Q2/FY2025
Sales Segment
(¥million) Income
(¥million)
FY2024 FY2025
Note (＋):Favorable (－):Unfavorable
(＋) For logistics industry, recovery in Japan, solid in North America
(－) For financial machinery, declined after last year's demand surge
(＋) Electronic components industry
(－) Civil engineering and bridge industry
Belt
・Logistics
・Textile machinery
・Paper converting machinery
・Electronic parts
Rubber
・Civil engineering
・Bridges
・Machine Tools
Rubber
Temperature-sensitive tapes
・Electronic components
RFID products
・Linen industry
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YoY Changes in Quarterly Earnings
Hose and Tube Products
+0.02％
Sales(Q2 YTD) Segment income(Q2 YTD)
¥15,942M
¥15,944M
¥340M
¥202M
(40.5)％
Q2/FY2024 Q2/FY2025 Q2/FY2024 Q2/FY2025
Sales Segment
(¥million) Income
(¥million)
FY2024 FY2025
Note (＋):Favorable (－):Unfavorable
(＋) Recovery trend for construction machinery (－) Semiconductor manufacturing equipment
growth remains sluggish
(＋) Recovery Trend in Japan and North America (－) Temporary costs from product compensation
recorded in Q1
(＋) For China's automobiles production line
NITTA CORPORATION
for General Industry
・Semiconductor manufacturing equipment
・Construction machinery
for Automotive
・Automobiles
・Truck/Bus
Mechatronics
・Automobiles Production line
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YoY Changes in Quarterly Earnings
Chemical Industrial Products
+12.6%
Sales(Q2 YTD) Segment income(Q2 YTD)
¥6,135M
¥5,705M
¥447M
¥504M
(7.0)％
Sales
(¥million)
Segment Income (¥million)
FY2024
FY2025
Q2/FY2024 Q2/FY2025 Q2/FY2024 Q2/FY2025
Note (＋):Favorable (－):Unfavorable
Rubber Products
(＋) Railway industry in Japan (－) Railway industry in China
Elastomer Products
(－) Domestic demand slowdown for OA equipment
Other Products
(－) Water shielding products, etc
Rubber
・Railway industry
Waterproof
・Civil engineering
・Architecture
Elastomer
・OA equipment
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YoY Changes in Quarterly Earnings
Other Industrial Products
(48.7)％
Sales(Q2 YTD) Segment income(Q2 YTD)
¥5,508M
¥5,473M
¥63M
¥32M
(0.6)％
Q2/FY2024 Q2/FY2025 Q2/FY2024 Q2/FY2025
Sales Segment
(¥million) Income
(¥million)
FY2024 FY2025
Note (＋):Favorable (－):Unfavorable
(＋) Continued demand for Filter products across Semiconductor industries, Pharmaceutical industries, and Hospitals
(＋) Recovery trend for Measuring instrument
(ー) Weak demand for other products
Air Solution
Filter Products
・Semiconductor
・Pharmaceutical
・Hospital
Air Solution Measuring instrument
・Semiconductor
・Electronic parts
・Pharmaceutical
Other
Blood circuits
・Medical Equipment
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YoY Changes in Quarterly Earnings
Others
＋9.2％
Sales(Q2 YTD) Segment income(Q2 YTD)
¥2,265M
¥2,472M
¥1,189M
＋2.0％
¥1,212M
Q2/FY2024 Q2/FY2025 Q2/FY2024 Q2/FY2025
Sales Segment
(¥million) Income
(¥million)
FY2024 FY2025
Note (＋):Favorable (－):Unfavorable
(＋) Revenues increased due to strong performance of the subject businesses
(＋) Increase in tenant income
Real Estate
・Land and Building leasing
Other
Forestry business
Other Driving School Business
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Overseas Sales Ratio
Overseas sales ratio increased due to favorable demand in North America
Q2/FY2024 Q2/FY2025
Overseas Ratio 32.3%
Overseas Ratio 33.7%