TSE:6651Electrical
Nitto Kogyo (TSE:6651) Margin Squeeze Clouds A Steady Revenue Base
Nitto Kogyo stock has drifted over the past quarter, yet it went into this Q1 2027 print carrying a reputation for solid earnings momentum and a modest 14x P/E that looked slightly cheap against domestic electrical peers. The headline from this quarter is margin pressure. Quarterly net income of ¥1,554m on revenue of ¥45,536m sits well below recent run rates, and basic earnings per share of ¥40.96 puts a clear question mark over how comfortably the company can sustain its trailing 6.1% net...