Nitta announced its financial results for the first quarter of the fiscal year ending March 31, 2026 (April–June 2025), reporting net sales of 21.63 billion yen ($147.29 million), essentially unchanged from the same period last year. Operating income fell 5.7% to 1.10 billion yen, ordinary income declined 11.9% to 3.17 billion yen, and net income decreased 9.0% to 2.74 billion...
Nitta’s resin belt sales for the fiscal year ended March 31, 2025, increased in the high single digits year-on-year, with food-grade products seeing similar revenue growth. The high-performance, all-in-one Wexu and Mexu series belts drove strong sales. The Wexu series, offering resistance to sodium hypochlorite solution, physical shrinkage prevention, heat resistance, antibacterial and antifungal properties, oil resistance, low noise, fray...
Nitta performance for the fiscal year ended March 31, 2025, recorded sales of 90.28 billion yen ($622.29 million), up 1.9% year-on-year, operating profit of 5.16 billion yen, up 16.6%, ordinary profit of 14.60 billion yen, up 21.6%, and net profit of 12.13 billion yen, up 23.1%. Sales grew despite continued weakness in automotive and construction machinery sectors, driven by a...
Belt, hose and tube manufacturer Nitta has launched Phase 2 of its medium- to long-term management plan Shift2030, covering fiscal years 2025–2027. The growth strategy, centered on manufacturing, focuses on strengthening existing businesses and exploring new ones, accelerating global expansion with North America and India as key markets, and aiming for consolidated sales exceeding 1 trillion yen ($6.54 billion), targeting...
The Excellent Corporation for Health Management certification system recognizes corporations, including large enterprises and small-to-medium businesses, that practice exemplary health management. It is divided into the Large-Scale Corporation Category and the Small-to-Medium-Scale Corporation Category, with top performers in the former category earning the additional White 500 designation. Moreover, the Health and Productivity Stock Selection is a program by the Ministry...
Nitta announced net sales of 66.85 billion yen ($438.74 million), up 0.3% year-on-year; operating income of 4.12 billion yen, up 7.5%; ordinary income of 11.09 billion yen, up 19.5%; and net income of 9.42 billion yen, up 23.4%, for the first nine months of the fiscal year ending March 31, 2025 By segment, the belt and rubber products business posted...
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