Nitto Kohki swings to $281m loss on plant relocation costs

Nitto Kohki reported a net loss of yen 281 million in the first quarter of fiscal 2025, compared to a yen 517 million profit the previous year. The loss was primarily driven by extraordinary expenses of yen 445 million related to plant relocation.

Sales declined 1.6% to yen 6,586 million, affected by restrained capital investment due to U.S. tariff measures and automotive industry uncertainty.

The Machine Tools segment experienced reduced sales and operating losses due to decreased efficiency from the plant relocation, while Door Closers saw increased sales and profits from strong data center performance.