Nitta Corporation Reports Stable Net Sales, Decline in Net Income by 9% for Q1 2025
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Nitta Corporation reported stable net sales of ¥21.625 billion for Q1 2025, a slight decrease from the previous year. However, net income fell by 9% to ¥2.744 billion. Operating income decreased by 5.7%, and ordinary income dropped by 11.9%. For the first half of the fiscal year, the company forecasts net sales of ¥45 billion, a 1.5% increase, but a net income decline of 2.3%. For the full year, projected net sales are ¥92 billion, up 1.9%, with a net income decrease of 5.2%.
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