Nitto Kohki revises earnings, cuts dividend amid demand slowdown

Nitto Kohki (TSE: 6151) announced a revision to its consolidated earnings forecast for the fiscal year ending March 31, 2025, along with a reduction in its dividend payout. The company now expects annual sales of ¥27.05 billion, down from the previous forecast of ¥28.24 billion. Operating profit is projected to be ¥2.49 billion, a decrease from the initial ¥3.06 billion. Consequently, net income attributable to owners of the parent is now estimated at ¥1.82 billion, compared to the earlier forecast of ¥2.22 billion.