Nitto Kohki Co., Ltd. Revises Consolidated and Non-Consolidated Earnings Guidance for the Year Ending March 31, 2024
March 25, 2024 at 04:50 am EDT
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Nitto Kohki Co., Ltd. revised consolidated and non-consolidated earnings guidance for the year ending March 31, 2024. For the period, the company now expects consolidated net sales of ¥26,810 million against previous guidance of ¥30,380 million; Operating profit of ¥2,820 million against previous guidance of ¥4,120 million, Profit attributable to owners of parent of ¥1,950 million or ¥102.26 per share against previous guidance of ¥2,950 million or ¥146.91 per share.
For the period, the company now expects non-consolidated net sales of ¥24,450 million against previous guidance of ¥28,692 million; Profit attributable to owners of parent of ¥1,730 million or ¥90.72 per share against previous guidance of ¥2,411 million or ¥120.07 per share.
NITTO KOHKI CO., LTD. is mainly engaged in the manufacture and sale of quick-connecting fuild couplings, machine tools and others. The Company operates in four business segments. The Quick-connecting Fluid Couplings segment is engaged in the manufacture and sale of quick-connecting fluid couplings. The Machine Tools segment is engaged in the manufacture and sale of machine tools. The Linear Motor Driven Pumps segment is engaged in the manufacture and sale of linear motor driven pumps. The Construction Machinery segment is engaged in the manufacture and sale of construction machinery.
NITTO KOHKI CO., LTD. 
