TSE:6988Chemicals
How Investors May Respond To Nitto Denko (TSE:6988) Upgrading Guidance On IT And Smartphone Materials Demand
Nitto Denko Corporation recently raised its full-year guidance for the year ending March 31, 2026, now projecting revenue of ¥1,027,000 million, operating profit of ¥186,000 million and profit attributable to owners of the parent of ¥136,000 million, alongside higher expected basic earnings per share of ¥200.56.
The company linked this upgraded outlook to stronger-than-expected demand for materials used in IT devices and high-end smartphones, while nine-month sales to December 2025 grew...