Nitto Denko Corporation logo

Nitto Denko Corporation

6988.T

JPXBasic MaterialsChemicals - Specialty

Latest quote

¥3,407

−¥7.00 · -0.21%

Aug 24, 3:30 PM JST

6988.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

Nitto Denko Corporation, established in 1918 and headquartered in Osaka, Japan, operates as a global enterprise with a primary focus on adhesive tapes. Its extensive product portfolio caters to a wide array of industries internationally. Offerings include various adhesive solutions like double-sided, masking, and packaging tapes, along with specialized tapes for electrical and electronic applications. The company also manufactures surface protective films, sealing materials (including NVH-related products), membranes, gasket materials, and critical components for advanced technology such as FPD/touch panel products, semiconductor manufacturing process materials, and flexible printed circuit boards. Additionally, they provide porous and breathable films, fluoroplastic sheets and films, and materials for housing and construction. Complementing these products are functional thermal transfer systems—encompassing labels, barcode printers, and software—as well as dust removal items for clean rooms and packaging machinery. In the medical field, Nitto Denko develops transdermal therapeutic systems, athletic tapes, specialized medical adhesive tapes for wearables and biosensors, and particles used in nucleic acid synthesis. These diverse products serve sectors including automotive, transportation, housing, infrastructure, materials, home appliances, electrical goods, display technology, electronic devices, healthcare, packaging, and consumer/personal care.

Industry
Chemicals - Specialty
Sector
Basic Materials
Headquarters
JP
CEO
Hideo Takasaki
Listed since
Jan 1, 2001
Employees
26,477

Market position

Day range

Current ¥3,407

52-week range

Current ¥3,407

Open
¥3,392
Previous close
¥3,414
Volume
1.12M
0.32× average
Average volume
3.49M
Average daily volume
Market cap
2.26T JPY
Beta
0.53
Market reference 1
50-day average
¥3,295.84
+3.37% above average
200-day average
¥3,399.24
+0.23% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
1.71T JPY
P/E (TTM)
16.84×
P/B (TTM)
1.98×
P/S (TTM)
2.15×
EV / EBITDA
6.65×
Earnings yield
6.44%
Free cash flow yield
4.61%
Dividend yield
1.76%

Profitability & efficiency

Gross margin
38.00%
Operating margin
18.20%
Net margin
12.91%
Return on equity
11.63%
Return on assets
9.26%
Return on invested capital
11.07%

Financial health

Debt / equity
Current ratio
3.53×
Altman Z-score
7.16
Piotroski F-score
7 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends42%31%20%8%Gross margin, FY2022: 35.43%Gross margin, FY2023: 36.32%Gross margin, FY2024: 36.15%Gross margin, FY2025: 39.01%Gross margin, FY2026: 38.01%Operating margin, FY2022: 15.88%Operating margin, FY2023: 16.34%Operating margin, FY2024: 15.43%Operating margin, FY2025: 19.42%Operating margin, FY2026: 18.13%Net margin, FY2022: 11.38%Net margin, FY2023: 11.75%Net margin, FY2024: 11.22%Net margin, FY2025: 13.54%Net margin, FY2026: 12.98%FY2022FY2023FY2024FY2025FY2026
Gross margin FY2022 35.43%. Gross margin FY2023 36.32%. Gross margin FY2024 36.15%. Gross margin FY2025 39.01%. Gross margin FY2026 38.01%. Operating margin FY2022 15.88%. Operating margin FY2023 16.34%. Operating margin FY2024 15.43%. Operating margin FY2025 19.42%. Operating margin FY2026 18.13%. Net margin FY2022 11.38%. Net margin FY2023 11.75%. Net margin FY2024 11.22%. Net margin FY2025 13.54%. Net margin FY2026 12.98%.

Income trends

Revenue

1.03T JPY+1.41%

Operating income

186.42B JPY-5.33%

Net income

133.5B JPY-2.72%
Income trends across reported periods1.12T JPY748.86B JPY376.44B JPY4.03B JPYRevenue, FY2022: 853.45B JPYRevenue, FY2023: 929.04B JPYRevenue, FY2024: 915.14B JPYRevenue, FY2025: 1.01T JPYRevenue, FY2026: 1.03T JPYOperating income, FY2022: 135.49B JPYOperating income, FY2023: 151.83B JPYOperating income, FY2024: 141.23B JPYOperating income, FY2025: 196.91B JPYOperating income, FY2026: 186.42B JPYNet income, FY2022: 97.13B JPYNet income, FY2023: 109.17B JPYNet income, FY2024: 102.68B JPYNet income, FY2025: 137.24B JPYNet income, FY2026: 133.5B JPYFY2022FY2023FY2024FY2025FY2026
Revenue FY2022 853.45B JPY. Revenue FY2023 929.04B JPY. Revenue FY2024 915.14B JPY. Revenue FY2025 1.01T JPY. Revenue FY2026 1.03T JPY. Operating income FY2022 135.49B JPY. Operating income FY2023 151.83B JPY. Operating income FY2024 141.23B JPY. Operating income FY2025 196.91B JPY. Operating income FY2026 186.42B JPY. Net income FY2022 97.13B JPY. Net income FY2023 109.17B JPY. Net income FY2024 102.68B JPY. Net income FY2025 137.24B JPY. Net income FY2026 133.5B JPY.
Metric (JPY)FY2026FY2025FY2024FY2023FY2022
Revenue1.03T JPY1.01T JPY915.14B JPY929.04B JPY853.45B JPY
Cost of goods sold637.41B JPY618.37B JPY584.28B JPY591.59B JPY551.06B JPY
Gross profit390.76B JPY395.51B JPY330.86B JPY337.44B JPY302.39B JPY
Research and development48.03B JPY46.77B JPY43.49B JPY40.18B JPY37.27B JPY
Selling, general, and administrative156.32B JPY151.84B JPY146.14B JPY145.44B JPY129.63B JPY
Operating expenses204.35B JPY198.61B JPY189.63B JPY185.61B JPY166.9B JPY
Interest income3.26B JPY2.83B JPY2.13B JPY1.19B JPY429M JPY
Interest expense2.05B JPY1.21B JPY1.16B JPY830M JPY732M JPY
Depreciation and amortization70.68B JPY65.6B JPY60.81B JPY57.36B JPY50.21B JPY
Operating income186.42B JPY196.91B JPY141.23B JPY151.83B JPY135.49B JPY
Net income133.5B JPY137.24B JPY102.68B JPY109.17B JPY97.13B JPY

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
45%
5 beats, 6 misses, 0 met estimates
Average EPS surprise
+0.07%
11 comparable reports
Latest EPS result
50.75
Estimate 69.39 · Miss by 26.86%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates72.3757.9643.5529.14Q1 '25MissQ2 '25BeatQ3 '25BeatQ4 '25MissQ1 '26BeatQ2 '26MissQ3 '26MissQ4 '26Estimate
Q1 2025, reported Jan 27, 2025: actual 40.91, estimate 57.82, surprise -29.25%, Miss. Q2 2025, reported Apr 25, 2025: actual 40.9, estimate 32.12, surprise +27.33%, Beat. Q3 2025, reported Jul 28, 2025: actual 45.68, estimate 42.31, surprise +7.97%, Beat. Q4 2025, reported Oct 27, 2025: actual 55.64, estimate 62.33, surprise -10.73%, Miss. Q1 2026, reported Jan 26, 2026: actual 54.57, estimate 52.93, surprise +3.10%, Beat. Q2 2026, reported Apr 27, 2026: actual 41.31, estimate 46.7, surprise -11.54%, Miss. Q3 2026, reported Jul 28, 2026: actual 50.75, estimate 69.39, surprise -26.86%, Miss. Q4 2026, reported Oct 22, 2026: actual —, estimate 55.3, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates297.24B270.78B244.33B217.88BQ1 '25MissQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Jan 27, 2025: actual 252.68B JPY, estimate 254.35B JPY, surprise -0.66%, Miss. Q2 2025, reported Apr 25, 2025: actual 235.59B JPY, estimate 229.31B JPY, surprise +2.74%, Beat. Q3 2025, reported Jul 28, 2025: actual 246.19B JPY, estimate 241.05B JPY, surprise +2.13%, Beat. Q4 2025, reported Oct 27, 2025: actual 267.38B JPY, estimate 259.23B JPY, surprise +3.14%, Beat. Q1 2026, reported Jan 26, 2026: actual 272.63B JPY, estimate 259.08B JPY, surprise +5.23%, Beat. Q2 2026, reported Apr 27, 2026: actual 238.37B JPY, estimate 243.09B JPY, surprise -1.94%, Miss. Q3 2026, reported Jul 28, 2026: actual 271.67B JPY, estimate 257.65B JPY, surprise +5.44%, Beat. Q4 2026, reported Oct 22, 2026: actual —, estimate 285.8B JPY, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

¥58.00

2025 complete year+38.1% since 2021

2026 partial: ¥30.00

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Sep 29, 2026

¥32.00

Semi-Annual

Record Sep 30, 2026 · Payment Sep 29, 2026

DividendUpcoming

Ex-dividend Mar 30, 2027

¥32.00

Semi-Annual

Record Mar 31, 2027 · Payment Mar 30, 2027

Dividend

Ex-dividend Mar 30, 2026

¥30.00

Semi-Annual

Record Mar 31, 2026 · Payment Jun 22, 2026

Dividend

Ex-dividend Sep 29, 2025

¥30.00

Semi-Annual

Record Sep 30, 2025 · Payment Nov 28, 2025

Dividend

Ex-dividend Mar 28, 2025

¥28.00

Semi-Annual

Record Mar 31, 2025 · Payment Jun 23, 2025

Dividend

Ex-dividend Sep 27, 2024

¥140

Semi-Annual

Record Sep 30, 2024 · Payment Nov 29, 2024

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