Nitto Denko Reports Strong Q1 Growth and Plans Stock Split

Nitto Denko (JP:6988) has released an update.

Nitto Denko Corporation reported a robust performance in the first quarter ended June 30, 2024, with significant increases in revenue and profits compared to the previous year, and a positive outlook for the upcoming fiscal year despite a planned stock split. The company experienced a substantial jump in operating profit by 126.2% and net profit by 137.9%, reflecting strong financial growth. Additionally, Nitto Denko anticipates a stock split and has adjusted its dividend and earnings per share forecasts accordingly.

For further insights into JP:6988 stock, check out TipRanks’ Stock Analysis page.