Supplementary Data of Consolidated Financial Statements for the Third Quarter Ended December 31, 2025 (IFRS Basis) January 26, 2026 NITTO DENKO CORPORATION CONTENTS Page
Business Results and Forecasts 1
Revenue and Operating Profit by Segment 2
Segment Revenue by Location (Sell from) 3
Revenue to Customers outside Japan 4
（Note
In the amounts of money in this document, fractions below the shown figures are omitted. Percentages(%) are rounded to the nearest decimal point.
In this document, year-on-year changes from same period in the previous year are shown as YoY, quarter-on-quarter changes from the previous quarter are shown as QoQ.
Forward-looking statements such as those relating to earnings forecasts and other projections contained in this material are management's current assumptions and beliefs based on currently available information. Such forward-looking statements are subject to a number of risks, uncertainties and other factors. Accordingly, actual results may differ materially from those projected due to various factors.
(Millions of yen)
Revenue | Operating Profit | Profit before Income Taxes | Net Profit attributable to owners of the parent company | ||
3Q, FY2024 (Oct.-Dec.) | Results | 256,562 | 43,667 | 43,913 | 28,713 |
9 months, FY2024 (Apr.-Dec.) | 778,285 | 152,935 | 152,845 | 108,689 | |
2H, FY2024 (Oct.-Mar.) | 492,154 | 76,400 | 76,397 | 57,261 | |
FY2024 | 1,013,878 | 185,667 | 185,329 | 137,237 | |
2Q, FY2025 (Jul.-Sep.) | 267,377 | 51,859 | 51,859 | 37,623 | |
3Q, FY2025 (Oct.-Dec.) | 272,625 | 53,355 | 53,515 | 36,776 | |
YoY (%) | 6.3 | 22.2 | 21.9 | 28.1 | |
QoQ (%) | 2.0 | 2.9 | 3.2 | (2.3) | |
9 months, FY2025 (Apr.-Dec.) | Results | 786,195 | 147,860 | 148,682 | 105,703 |
YoY (%) | 1.0 | (3.3) | (2.7) | (2.7) | |
2H, FY2025 (Oct.-Mar.) | Forecasts as of Oct. 27 | 481,430 | 78,495 | 77,832 | 57,073 |
FY2025 | 995,000 | 173,000 | 173,000 | 126,000 | |
2H, FY2025 (Oct.-Mar.) | Forecasts as of Jan. 26 | 513,430 | 91,495 | 90,832 | 67,073 |
FY2025 | 1,027,000 | 186,000 | 186,000 | 136,000 | |
(Millions of yen)
Capital Expenditure | Depreciation and Amortization | R&D Expenditure | ||
FY2024 | Results | 92,976 | 65,595 | 46,771 |
9 months, FY2025 (Apr.-Dec.) | 54,057 | 52,191 | 35,290 | |
FY2025 | Forecasts as of Oct. 27 | 120,000 | 71,000 | 47,000 |
Forecasts as of Jan. 26 | 110,000 | 70,500 | 47,000 | |
(Yen/1US$)
Exchange Rate | 1Q (Apr.-Jun.) | 2Q (Jul.-Sep.) | 3Q (Oct.-Dec.) | 4Q (Jan.-Mar.) | Full-year |
Results FY2024 | 154.6 | 152.9 | 150.1 | 154.3 | 152.9 |
Results FY2025 | 145.7 | 146.9 | 152.7 | ||
Forecasts FY2025 as of Oct. 27 | 147.6 | 143.8 | 146.0 | ||
Forecasts FY2025 as of Jan. 26 | 154.3 | 150.0 |
- 1 -
Business Results and Forecasts
Revenue and Operating Profit by Segment
(Millions of yen)
Results | Forecasts | ||||||||||||||||||||||||||||
FY2024 | FY2025 | FY2025 as of Oct. 27 | FY2025 as of Jan. 26 | ||||||||||||||||||||||||||
1Q (Apr.-Jun.) | 2Q (Jul.-Sep.) | 1H (Apr.-Sep.) | 3Q (Oct.-Dec.) | 9 months (Apr.-Dec.) | 4Q (Jan.-Mar.) | 2H (Oct.-Mar.) | Full-year | 1Q (Apr.-Jun.) | 2Q (Jul.-Sep.) | 1H (Apr.-Sep.) | 3Q (Oct.-Dec.) | 9 months (Apr.-Dec.) | 2H (Oct.-Mar.) | Full-year | 4Q (Jan.-Mar.) | 2H (Oct.-Mar.) | Full-year | ||||||||||||
YoY (%) | QoQ (%) | YoY (%) | YoY (%) | QoQ (%) | YoY (%) | Change from Forecasts as of Oct. 27 (%) | YoY (%) | Change from Forecasts as of Oct. 27 (%) | |||||||||||||||||||||
Industrial Tape | Revenue | 85,339 | 91,361 | 176,701 | 90,234 | 266,935 | 84,893 | 175,128 | 351,829 | 85,780 | 93,408 | 179,189 | 95,884 | 6.3 | 2.7 | 275,074 | 3.0 | 174,310 | 353,500 | 89,925 | 5.9 | (6.2) | 185,810 | 6.1 | 6.6 | 365,000 | 3.7 | 3.3 | |
Operating Profit | 11,260 | 14,015 | 25,275 | 12,435 | 37,711 | 8,152 | 20,588 | 45,864 | 9,871 | 13,812 | 23,683 | 15,163 | 21.9 | 9.8 | 38,847 | 3.0 | 23,316 | 47,000 | 11,152 | 36.8 | (26.5) | 26,316 | 27.8 | 12.9 | 50,000 | 9.0 | 6.4 | ||
Optronics | Information Fine Materials | 105,382 | 108,380 | 213,762 | 103,171 | 316,934 | 90,719 | 193,891 | 407,654 | 99,528 | 100,572 | 200,101 | 103,019 | (0.1) | 2.4 | 303,121 | (4.4) | 182,898 | 383,000 | 85,878 | (5.3) | (16.6) | 188,898 | (2.6) | 3.3 | 389,000 | (4.6) | 1.6 | |
Circuit Materials | 30,381 | 42,073 | 72,454 | 32,798 | 105,253 | 29,086 | 61,884 | 134,339 | 31,013 | 38,745 | 69,758 | 39,120 | 19.3 | 1.0 | 108,878 | 3.4 | 57,741 | 127,500 | 31,121 | 7.0 | (20.4) | 70,241 | 13.5 | 21.6 | 140,000 | 4.2 | 9.8 | ||
Revenue | 135,763 | 150,454 | 286,217 | 135,970 | 422,187 | 119,805 | 255,775 | 541,993 | 130,541 | 139,318 | 269,859 | 142,140 | 4.5 | 2.0 | 412,000 | (2.4) | 240,640 | 510,500 | 116,999 | (2.3) | (17.7) | 259,140 | 1.3 | 7.7 | 529,000 | (2.4) | 3.6 | ||
Operating Profit | 45,609 | 50,526 | 96,136 | 41,759 | 137,895 | 35,221 | 76,980 | 173,117 | 36,755 | 40,331 | 77,086 | 43,419 | 4.0 | 7.7 | 120,506 | (12.6) | 64,413 | 141,500 | 31,493 | (10.6) | (27.5) | 74,913 | (2.7) | 16.3 | 152,000 | (12.2) | 7.4 | ||
Human Life | Life Science | 10,173 | 10,857 | 21,031 | 11,919 | 32,950 | 11,578 | 23,498 | 44,529 | 10,428 | 14,559 | 24,988 | 15,418 | 29.4 | 5.9 | 40,407 | 22.6 | 28,511 | 53,500 | 14,092 | 21.7 | (8.6) | 29,511 | 25.6 | 3.5 | 54,500 | 22.4 | 1.9 | |
Membrane | 8,256 | 9,202 | 17,458 | 9,163 | 26,622 | 8,048 | 17,212 | 34,671 | 8,596 | 8,143 | 16,740 | 8,551 | (6.7) | 5.0 | 25,292 | (5.0) | 17,259 | 34,000 | 8,707 | 8.2 | 1.8 | 17,259 | 0.3 | 0.0 | 34,000 | (1.9) | 0.0 | ||
Personal Care Materials | 13,141 | 13,765 | 26,907 | 12,535 | 39,442 | 13,768 | 26,304 | 53,211 | 13,450 | 14,439 | 27,890 | 13,332 | 6.4 | (7.7) | 41,222 | 4.5 | 26,109 | 54,000 | 14,277 | 3.7 | 7.1 | 27,609 | 5.0 | 5.7 | 55,500 | 4.3 | 2.8 | ||
Revenue | 31,571 | 33,825 | 65,397 | 33,618 | 99,015 | 33,396 | 67,014 | 132,411 | 32,476 | 37,143 | 69,619 | 37,302 | 11.0 | 0.4 | 106,922 | 8.0 | 71,880 | 141,500 | 37,077 | 11.0 | (0.6) | 74,380 | 11.0 | 3.5 | 144,000 | 8.8 | 1.8 | ||
Operating Profit | (3,140) | (1,341) | (4,482) | (1,241) | (5,723) | (5,995) | (7,236) | (11,718) | (1,630) | 31 | (1,598) | (936) | - | - | (2,535) | - | 598 | (1,000) | (464) | - | - | (1,401) | - | - | (3,000) | - | - | ||
Others | Revenue | 1 | 0 | 1 | 1 | 3 | 16 | 18 | 19 | 3 | 5 | 8 | 1 | (7.1) | (68.8) | 10 | 184.5 | (8) | - | (10) | - | - | (8) | - | - | - | - | - | |
Operating Profit | (1,756) | (1,831) | (3,587) | (6,897) | (10,484) | (1,744) | (8,641) | (12,229) | (1,700) | (1,789) | (3,490) | (1,843) | - | - | (5,333) | - | (4,009) | (7,500) | (1,666) | - | - | (3,509) | - | - | (7,000) | - | - | ||
Adjustment | Revenue | (3,364) | (3,229) | (6,594) | (3,263) | (9,857) | (2,518) | (5,781) | (12,376) | (2,609) | (2,498) | (5,107) | (2,703) | - | - | (7,811) | - | (5,392) | (10,500) | (3,188) | - | - | (5,892) | - | - | (11,000) | - | - | |
Operating Profit | (1,277) | (2,797) | (4,075) | (2,389) | (6,464) | (2,901) | (5,290) | (9,365) | (650) | (526) | (1,176) | (2,447) | - | - | (3,624) | - | (5,823) | (7,000) | (2,375) | - | - | (4,823) | - | - | (6,000) | - | - | ||
Total | Revenue | 249,310 | 272,412 | 521,723 | 256,562 | 778,285 | 235,592 | 492,154 | 1,013,878 | 246,192 | 267,377 | 513,569 | 272,625 | 6.3 | 2.0 | 786,195 | 1.0 | 481,430 | 995,000 | 240,804 | 2.2 | (11.7) | 513,430 | 4.3 | 6.6 | 1,027,000 | 1.3 | 3.2 | |
Operating Profit | 50,696 | 58,570 | 109,267 | 43,667 | 152,935 | 32,732 | 76,400 | 185,667 | 42,645 | 51,859 | 94,504 | 53,355 | 22.2 | 2.9 | 147,860 | (3.3) | 78,495 | 173,000 | 38,139 | 16.5 | (28.5) | 91,495 | 19.8 | 16.6 | 186,000 | 0.2 | 7.5 | ||
(Yen/1US$)
Exchange Rate | 154.6 | 152.9 | 153.6 | 150.1 | 152.5 | 154.3 | 152.2 | 152.9 | 145.7 | 146.9 | 146.4 | 152.7 | 148.6 | 145.7 | 146.0 | 154.3 | 153.6 | 150.0 |
(Note) As a result of changes made to the management structure starting in FY2025, partial changes have been made to the classification of current reportable segments.
Such changes have been reflected in the figures for FY2024.
Segment Revenue by Location (Sell from)
(Millions of yen) ( % )
3Q, FY2024 (Oct.-Dec.) | 2Q, FY2025 (Jul.-Sep.) | 3Q, FY2025 (Oct.-Dec.) | ||||||||||||||
Japan | Americas | Europe | Asia & Oceania | Total | Japan | Americas | Europe | Asia & Oceania | Total | Japan | Americas | Europe | Asia & Oceania | Total | ||
Industrial Tape | 28,515 | 7,996 | 8,491 | 44,475 | 89,478 | 26,010 | 8,139 | 9,586 | 49,258 | 92,994 | 28,284 | 7,781 | 9,504 | 49,860 | 95,430 | |
Information Fine Materials | 4,015 | - | - | 98,605 | 102,621 | 3,836 | - | - | 96,295 | 100,131 | 3,891 | - | - | 98,782 | 102,673 | |
Circuit Materials | 12,834 | - | - | 19,499 | 32,334 | 11,341 | - | - | 26,896 | 38,237 | 11,775 | - | - | 26,882 | 38,658 | |
Optronics | 16,850 | - | - | 118,105 | 134,955 | 15,177 | - | - | 123,191 | 138,369 | 15,667 | - | - | 125,664 | 141,331 | |
Life Science | 1,154 | 9,429 | 0 | 0 | 10,584 | 1,194 | 12,221 | - | 0 | 13,415 | 866 | 13,290 | 2 | 0 | 14,159 | |
Membrane | 854 | 4,386 | 965 | 2,478 | 8,684 | 634 | 3,676 | 1,323 | 2,156 | 7,791 | 732 | 3,915 | 1,142 | 2,174 | 7,964 | |
Personal Care Materials | - | 880 | 11,461 | 168 | 12,510 | - | 1,033 | 13,239 | 137 | 14,410 | - | 617 | 12,554 | 151 | 13,324 | |
Human Life | 2,008 | 14,696 | 12,427 | 2,646 | 31,779 | 1,829 | 16,930 | 14,562 | 2,294 | 35,616 | 1,598 | 17,823 | 13,699 | 2,326 | 35,448 | |
Others | 0 | 1 | - | - | 1 | - | 5 | - | - | 5 | - | 1 | - | - | 1 | |
Adjustment | 346 | (0) | - | - | 346 | 390 | - | - | - | 390 | 412 | - | - | - | 412 | |
Revenue Total | 47,721 | 22,694 | 20,919 | 165,227 | 256,562 | 43,407 | 25,075 | 24,149 | 174,744 | 267,377 | 45,962 | 25,606 | 23,204 | 177,851 | 272,625 | |
YoY | QoQ | ||||||||
Japan | Americas | Europe | Asia & Oceania | Total | Japan | Americas | Europe | Asia & Oceania | Total |
(0.8) | (2.7) | 11.9 | 12.1 | 6.7 | 8.7 | (4.4) | (0.9) | 1.2 | 2.6 |
(3.1) | - | - | 0.2 | 0.1 | 1.4 | - | - | 2.6 | 2.5 |
(8.2) | - | - | 37.9 | 19.6 | 3.8 | - | - | (0.1) | 1.1 |
(7.0) | - | - | 6.4 | 4.7 | 3.2 | - | - | 2.0 | 2.1 |
(24.9) | 40.9 | 230.3 | (90.0) | 33.8 | (27.4) | 8.8 | - | (97.0) | 5.5 |
(14.3) | (10.7) | 18.4 | (12.3) | (8.3) | 15.3 | 6.5 | (13.6) | 0.8 | 2.2 |
- | (29.8) | 9.5 | (9.6) | 6.5 | - | (40.2) | (5.2) | 10.9 | (7.5) |
(20.4) | 21.3 | 10.2 | (12.1) | 11.5 | (12.6) | 5.3 | (5.9) | 1.4 | (0.5) |
- | (5.1) | - | - | (7.1) | - | (68.8) | - | - | (68.8) |
19.0 | - | - | - | 19.0 | 5.6 | - | - | - | 5.6 |
(3.7) | 12.8 | 10.9 | 7.6 | 6.3 | 5.9 | 2.1 | (3.9) | 1.8 | 2.0 |
(Millions of yen) ( % )
9 months, FY2024 (Apr.-Dec.) | 9 months, FY2025 (Apr.-Dec.) | |||||||||||||||
Japan | Americas | Europe | Asia & Oceania | Total | Japan | Americas | Europe | Asia & Oceania | Total | |||||||
Industrial Tape | 81,119 | 25,283 | 26,190 | 131,985 | 264,579 | 80,221 | 24,111 | 28,531 | 140,754 | 273,619 | ||||||
Information Fine Materials | 18,061 | - | - | 297,092 | 315,154 | 11,433 | - | - | 290,594 | 302,027 | ||||||
Circuit Materials | 45,057 | - | - | 58,700 | 103,758 | 32,266 | - | - | 75,228 | 107,495 | ||||||
Optronics | 63,119 | - | - | 355,792 | 418,912 | 43,700 | - | - | 365,823 | 409,523 | ||||||
Life Science | 3,148 | 26,051 | 5 | 0 | 29,205 | 3,042 | 33,798 | 2 | 0 | 36,843 | ||||||
Membrane | 2,211 | 12,824 | 3,536 | 6,689 | 25,262 | 2,205 | 11,170 | 3,693 | 6,890 | 23,959 | ||||||
Personal Care Materials | - | 2,805 | 36,104 | 381 | 39,290 | - | 2,585 | 38,176 | 403 | 41,165 | ||||||
Human Life | 5,360 | 41,681 | 39,646 | 7,070 | 93,759 | 5,247 | 47,553 | 41,872 | 7,294 | 101,967 | ||||||
Others | 0 | 3 | - | - | 3 | - | 10 | - | - | 10 | ||||||
Adjustment | 1,021 | 9 | - | - | 1,031 | 1,075 | - | - | - | 1,075 | ||||||
Revenue Total | 150,621 | 66,978 | 65,837 | 494,848 | 778,285 | 130,244 | 71,675 | 70,404 | 513,871 | 786,195 | ||||||
YoY | ||||
Japan | Americas | Europe | Asia & Oceania | Total |
(1.1) | (4.6) | 8.9 | 6.6 | 3.4 |
(36.7) | - | - | (2.2) | (4.2) |
(28.4) | - | - | 28.2 | 3.6 |
(30.8) | - | - | 2.8 | (2.2) |
(3.4) | 29.7 | (56.9) | 652.5 | 26.2 |
(0.3) | (12.9) | 4.4 | 3.0 | (5.2) |
- | (7.8) | 5.7 | 5.9 | 4.8 |
(2.1) | 14.1 | 5.6 | 3.2 | 8.8 |
- | 187.5 | - | - | 184.5 |
5.3 | - | - | - | 4.3 |
(13.5) | 7.0 | 6.9 | 3.8 | 1.0 |
(Note)
Major countries or regions excluding Japan are represented as follows: Americas : U.S.A., Mexico, Brazil
Europe : Belgium, France, Germany, Sweden, Turkey
Asia & Oceania : China, Korea, Taiwan, Singapore, Malaysia, Hong Kong, Thailand, Vietnam
As a result of changes made to the management structure starting in FY2025, partial changes have been made to the classification of current reportable segments. Such changes have been reflected in the figures for FY2024.
Revenue to Customers outside Japan
(Millions of yen) (%)
3Q, FY2024
(Oct.-Dec.)
2Q, FY2025
(Jul.-Sep.)
3Q, FY2025
(Oct.-Dec.)
Americas
Europe
Asia & Oceania
Others
Total
Americas
Europe
Asia & Oceania
Others
Total
Americas
Europe
Asia & Oceania
Others
Total
China
China
China
Revenue to Customers outside Japan
18,413
22,157
175,534
108,022
1,063
217,168
23,222
23,208
184,292
114,168
1,628
232,352
22,215
24,308
187,124
112,296
1,229
234,878
Consolidated Revenue
256,562
267,377
272,625
YoY
QoQ
Americas
Europe
Asia & Oceania
Others
Total
Americas
Europe
Asia & Oceania
Others
Total
China
China
20.6
9.7
6.6
4.0
15.7
8.2
(4.3)
4.7
1.5
(1.6)
(24.5)
1.1
6.3
2.0
(%) (pt)
Ratio to Consolidated Revenue
7.2
8.6
68.4
42.1
0.4
84.6
8.7
8.7
68.9
42.7
0.6
86.9
8.1
8.9
68.6
41.2
0.5
86.2
0.9
0.3
0.2
(0.9)
0.1
1.6
(0.6)
0.2
(0.3)
(1.5)
(0.1)
(0.7)
(Millions of yen) (%)
9 months, FY2024 (Apr.-Dec.)
9 months, FY2025 (Apr.-Dec.)
Americas
Europe
Asia & Oceania
Others
Total
Americas
Europe
Asia & Oceania
Others
Total
China
China
Revenue to Customers outside Japan
57,915
66,604
530,095
310,682
3,365
657,980
64,562
70,679
538,828
330,732
3,767
677,837
Consolidated Revenue
778,285
786,195
YoY
Americas
Europe
Asia & Oceania
Others
Total
China
11.5
6.1
1.6
6.5
11.9
3.0
1.0
(%) (pt)
Ratio to Consolidated Revenue
7.4
8.6
68.1
39.9
0.4
84.5
8.2
9.0
68.5
42.1
0.5
86.2
0.8
0.4
0.4
2.2
0.1
1.7
(Note)
Major countries or regions are represented as follows: Americas : U.S.A., Mexico, Brazil
Europe: Belgium, France, Germany, Sweden, Turkey
Asia & Oceania : China, Korea, Taiwan, Singapore, Malaysia, Hong Kong, Thailand, Vietnam Others: African countries
Revenue to customers outside Japan is the revenue from customers outside Japan by the Company and its consolidated subsidiaries.