Nitto Kogyo’s latest filed numbers show the kind of industrial resilience investors like to see, with one caveat attached. Consolidated net sales rose to ¥195.78bn in the year to March 2026 from ¥184.68bn a year earlier, and ordinary income increased to ¥16.26bn from ¥13.52bn. But profit attributable to owners of the parent slipped to ¥11.49bn from ¥12.10bn, so this was not a clean all-lines-up year.
| Metric | Year to March 2026 | Year to March 2025 |
|---|---|---|
| Net sales | ¥195.78bn | ¥184.68bn |
| Ordinary income | ¥16.26bn | ¥13.52bn |
| Profit attributable to owners of parent | ¥11.49bn | ¥12.10bn |
In other words, Nitto Kogyo’s own filing describes a year of higher scale and better ordinary profitability, but not a straight-line improvement in shareholder earnings. The annual securities report also showed total assets of ¥185.30bn and net assets of ¥125.24bn at year-end. The summary excerpt does not spell out why the parent-profit line moved the wrong way.
A separate internal control report, filed the same day, offered a governance footnote rather than fresh earnings drama. Management said financial-reporting controls were effective as of March 31. The review covered the parent and 13 consolidated subsidiaries, and it singled out two important business sites, together representing roughly two-thirds of prior-year consolidated sales, for detailed testing around sales, receivables and inventory. The company also added process checks for estimates tied to bonus provisions, retirement benefit provisions and fixed-asset impairment.