TSE:6988Chemicals
How Investors May Respond To Nitto Denko (TSE:6988) Upgrading Earnings Guidance On Chip And Data Center Demand
Nitto Denko Corporation previously raised its consolidated earnings guidance for the first half of fiscal 2026 and the full year to March 31, 2027, lifting expected revenue to ¥564,000 million and operating profit to ¥108,000 million for the half, and to ¥1.11 billion and ¥200,000 million respectively for the year.
The company attributed this upgraded outlook to stronger demand for its materials used in data centers, semiconductors, and high-end smartphones, alongside support from a weaker...