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The latest update is out from Nitto Denko ( (JP:6988) ).
Nitto Denko reported modest revenue growth for the year ended March 31, 2026, with sales up 1.4% to ¥1.03 trillion, while operating profit and net profit dipped slightly as margins softened. Earnings per share edged higher due to the prior stock split, and return on equity remained solid, underpinned by a strong balance sheet with an equity ratio near 80% and rising equity per share.
Cash flow from operating activities stayed robust at just over ¥192 billion, though free cash flow tightened as investing and financing outflows increased and cash on hand fell slightly. The company raised its annual dividend to ¥60 per share post-split and signaled continued shareholder returns, while forecasting low- to mid-single-digit growth in revenue and profit for the fiscal year ending March 31, 2027, indicating stable but unspectacular earnings momentum for investors.
The most recent analyst rating on (JP:6988) stock is a Buy with a Yen4600.00 price target. To see the full list of analyst forecasts on Nitto Denko stock, see the JP:6988 Stock Forecast page.
More about Nitto Denko
Nitto Denko Corporation, listed on the Tokyo Stock Exchange Prime Market, operates as a diversified materials manufacturer with a global footprint. The company focuses on industrial and functional materials, supplying a wide range of specialized products to electronics, automotive, and other manufacturing-related sectors, positioning itself as a key player in high-value-added materials.
YTD Price Performance: -12.38%
Average Trading Volume: 3,674,111
Technical Sentiment Signal: Buy
Current Market Cap: Yen2081.3B
For detailed information about 6988 stock, go to TipRanks’ Stock Analysis page.