Nitto Denko Corporation (TYO: 6988)

Nitto Denko Income Statement

Financials in millions JPY. Fiscal year is April - March.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Revenue	987,518	915,139	929,036	853,448	761,321	741,018
Revenue Growth (YoY)	10.53%	-1.50%	8.86%	12.10%	2.74%	-8.12%
Cost of Revenue	604,830	584,280	591,592	551,059	517,872	519,090
Gross Profit	382,688	330,859	337,444	302,389	243,449	221,928
Selling, General & Admin	149,713	146,143	145,436	129,625	107,722	111,368
Research & Development	44,636	43,485	40,175	37,271	35,261	33,765
Other Operating Expenses	7,858	5,545	7,653	8,504	9,343	9,895
Operating Expenses	202,207	195,173	193,264	175,400	152,326	155,028
Operating Income	180,481	135,686	144,180	126,989	91,123	66,900
Interest Expense	-1,379	-938	-712	-700	-769	-846
Interest & Investment Income	2,604	2,151	1,313	547	497	857
Earnings From Equity Investments	-80	34	29	42	25	13
Currency Exchange Gain (Loss)	-1,288	-1,288	-	1,491	-279	-743
Other Non Operating Income (Expenses)	1,582	1,585	1,647	1,541	1,543	769
EBT Excluding Unusual Items	181,920	137,230	146,457	129,910	92,140	66,950
Gain (Loss) on Sale of Investments	-11	-11	-1,105	871	-	-
Gain (Loss) on Sale of Assets	1,681	1,681	1,488	1,596	1,179	2,062
Pretax Income	183,590	138,900	146,840	132,377	93,319	69,012
Income Tax Expense	45,092	36,146	37,576	35,143	23,012	21,788
Earnings From Continuing Operations	138,498	102,754	109,264	97,234	70,307	47,224
Minority Interest in Earnings	-60	-75	-91	-102	-72	-68
Net Income	138,438	102,679	109,173	97,132	70,235	47,156
Net Income to Common	138,438	102,679	109,173	97,132	70,235	47,156
Net Income Growth	53.84%	-5.95%	12.40%	38.30%	48.94%	-29.15%
Shares Outstanding (Basic)	707	713	739	740	743	783
Shares Outstanding (Diluted)	707	714	739	740	743	783
Shares Change (YoY)	-2.76%	-3.44%	-0.16%	-0.41%	-5.07%	-0.43%
EPS (Basic)	195.92	143.91	147.75	131.26	94.54	60.26
EPS (Diluted)	195.84	143.86	147.70	131.20	94.48	60.22
EPS Growth	58.21%	-2.60%	12.57%	38.87%	56.90%	-28.85%
Free Cash Flow	121,174	87,747	115,781	85,531	58,585	63,844
Free Cash Flow Per Share	171.42	122.94	156.64	115.53	78.81	81.53
Dividend Per Share	80.000	52.000	48.000	44.000	40.000	40.000
Dividend Growth	233.33%	8.33%	9.09%	10.00%	0%	11.11%
Gross Margin	38.75%	36.15%	36.32%	35.43%	31.98%	29.95%
Operating Margin	18.28%	14.83%	15.52%	14.88%	11.97%	9.03%
Profit Margin	14.02%	11.22%	11.75%	11.38%	9.23%	6.36%
Free Cash Flow Margin	12.27%	9.59%	12.46%	10.02%	7.70%	8.62%
EBITDA	243,693	196,497	201,542	177,200	139,073	116,290
EBITDA Margin	24.68%	21.47%	21.69%	20.76%	18.27%	15.69%
D&A For EBITDA	63,212	60,811	57,362	50,211	47,950	49,390
EBIT	180,481	135,686	144,180	126,989	91,123	66,900
EBIT Margin	18.28%	14.83%	15.52%	14.88%	11.97%	9.03%
Effective Tax Rate	24.56%	26.02%	25.59%	26.55%	24.66%	31.57%

Source: S&P Capital IQ. Standard template. Financial Sources.