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Electronic Technology

Nitto Denko Corp.

Business Summary

Nitto Denko Corp. engages in the manufacture and sale of adhesives, optical films, semiconductors, electronic devices, and consumer products. It operates through the following segments: Industrial Tape, Optronics, Life Science, and Others. The Industrial Tape segment manufactures and sells sealing, protective, and packaging products as well as automobile materials. The Optronics segment produces liquid crystal display products, semiconductor devices, printed circuits, and functional materials. The Life Science segment offers medical-related products. The Others segment deals with polymer membranes. The company was founded on October 25, 1918 and is headquartered in Osaka, Japan.

Financial Highlights

Mar 2021 JPYUSD
Revenue761,321M7,178.38M
Gross Profit243,449M2,295.44M
Operating income100,466M947.27M
Income before tax93,295M879.66M
Net income70,236M662.24M
EBITDA148,416M1,399.39M
Diluted EPS472.384.45
Dividends Per Share2001.88
Total Assets965,901M8,741.18M
Total liabilities249,212M2,255.31M
Total equity715,868M6,478.44M
Operating cash flow116,309M1,096.66M
Currency in JPYCurrency in USD

Historical Data

 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 767,710M 856,262M 806,495M 741,018M 761,321M
Gross Profit 239,118M 281,383M 241,887M 221,928M 243,449M
Operating income 99,730M 131,719M 89,321M 76,795M 100,466M
Income before tax 91,791M 126,168M 91,910M 69,013M 93,295M
Net income 63,454M 87,378M 66,560M 47,156M 70,236M
EBITDA 148,286M 181,002M 135,225M 126,185M 148,416M
Diluted EPS 390.44 538.41 423.14 301.07 472.38
Dividends Per Share 150 160 180 200 200
Total Assets 879,899M 937,796M 913,418M 921,900M 965,901M
Total liabilities 225,475M 243,797M 212,229M 231,693M 249,212M
Total equity 653,772M 693,278M 700,443M 689,446M 715,868M
Operating cash flow 119,939M 122,551M 98,569M 123,641M 116,309M
 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 7,089.55M 7,725.73M 7,272.62M 6,815.47M 7,178.38M
Gross Profit 2,208.17M 2,538.81M 2,181.23M 2,041.17M 2,295.44M
Operating income 920.97M 1,188.45M 805.45M 706.31M 947.27M
Income before tax 847.66M 1,138.36M 828.80M 634.74M 879.66M
Net income 585.97M 788.37M 600.20M 433.71M 662.24M
EBITDA 1,369.37M 1,633.11M 1,219.40M 1,160.58M 1,399.39M
Diluted EPS 3.60 4.85 3.81 2.76 4.45
Dividends Per Share 1.38 1.44 1.62 1.83 1.88
Total Assets 7,896.42M 8,818.01M 8,252.41M 8,539.66M 8,741.18M
Total liabilities 2,023.46M 2,292.40M 1,917.41M 2,146.19M 2,255.31M
Total equity 5,867.10M 6,518.83M 6,328.25M 6,386.42M 6,478.44M
Operating cash flow 1,107.59M 1,105.73M 888.85M 1,137.18M 1,096.66M

Valuation Measures

Mar 2021
PER20.01
ROA7.44%
ROE9.99%
Operating margin13.19%
Profit margin9.22%

Key executives

  • President, CEO, COO & Representative Director: Hideo Takasaki
  • Senior Managing Executive Officer: Toshihiko Omote
  • Director & Managing Executive Officer: Nobuhiro Todokoro
  • Director & Managing Executive Officer: Yosuke Miki
  • Director & Senior Executive Officer: Yasuhiro Iseyama

Shareholders

  • Nomura Asset Management Co., Ltd. (10.2%)
  • Nikko Asset Management Co., Ltd. (5.4%)
  • Massachusetts Financial Services Co. (4.9%)
  • Daiwa Asset Management Co. Ltd. (4.8%)
  • Mitsubishi UFJ Financial Group, Inc. (4.4%)
  • Asset Management One Co., Ltd. (4.2%)
  • BlackRock Fund Advisors (3.2%)
  • The Vanguard Group, Inc. (2.5%)
  • Mitsubishi UFJ Kokusai Asset Management Co., Ltd. (2.5%)
  • BlackRock Japan Co., Ltd. (1.8%)

Contact Details

  • Website:http://www.nitto.co.jp
  • Address: Grand Front Osaka Tower A, 33/F, 4-20 Ofuka-cho, Osaka, 530-0011, Japan
  • Phone: +81.6.7632.2101

Related Companies

  • Nitto Vietnam Co., Ltd.
  • Kinovate Life Sciences, Inc.
  • K-Active Europe GmbH
  • Nitto Denko Restricted Stock Compensation Plan
  • Nitto Belgium NV
  • Permacel Tape Corp.
  • Nitto, Inc.
  • Nitto Denko Automotive, Alabama LLC
  • Nitto EMEA NV
  • Nitto Denko Europe Technical Centre SARL
  • Zensorium Pte Ltd.
  • Nitto Shinko (Suzhou) Co., Ltd.
  • Nitto (China) New Materials Co,. Ltd.
  • NITTO JOKASO Vietnam Co. Ltd.
  • Nitto Denko Czech sro
  • Nitto Denko Nitoms Korea Co., Ltd.
  • Nistem Precision, Inc.
  • Nitto Denko Automotive de Mexico S de RL de CV
  • Nitto Denko Automotive, Inc.
  • Nissho Precision (Vietnam) Co. Ltd.
  • Nissho Precision Philippines, Inc.
  • Suzhou Nitto Matex Electronics Co. Ltd.
  • Nissho Precision (Thailand) Co. Ltd.
  • Shenzhen Nitto Optical Co., Ltd.
  • Nitto Matex (Shenzhen) Co. Ltd.
  • Nissho Precision (Dongguan) Co. Ltd.
  • Nitto Denko India Pvt Ltd.
  • Nitto Denko UK Ltd.
  • Nissho (Dalian F.T.Z.) International Trading Co. Ltd.
  • Shanghai Nitto Optical Co., Ltd.

Competitors

  • DuPont de Nemours, Inc.
  • Great Rich Technologies Limited
  • Intertape Polymer Group Inc.
  • Benq Materials Corporation
  • Avery Dennison Corporation
  • Shanghai Yongguan Adhesive Products Corp., Ltd. Class A
  • Jiangsu Sidike New Materials Science & Technology Co., Ltd. Class A
  • NDFOS Co., Ltd.
  • Yem Chio Co., Ltd.
  • CHENG MEI MATERIALS TECHNOLOGY CORPORATION
  • Se Gyung Hi Tech Co., Ltd.
  • DuPont de Nemours, Inc.
  • ST PHARM CO., LTD.
  • Pan Asian Microvent Tech (Jiangsu) Corporation Class A
  • U.I. Display Co., Ltd.
  • United Therapeutics Corporation
  • Vicore Pharma Holding AB
  • Viking Therapeutics, Inc.
Last Updated on 3 Dec, 2021

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