Nitchitsu (7021) Earnings: Operating Profit Down 27.7% YoY, While Net Income Surges 35.9%

According to the latest financial data released by Nitchitsu (7021), operating profit for the period decreased by 27.7% year-on-year to 80 million yen. Net sales stood at 2,509 million yen, a decrease of 7.0% year-on-year, and ordinary profit declined by 3.2% to 131 million yen. However, profit attributable to owners of parent increased by 35.9% to 121 million yen. Furthermore, comprehensive income recorded a significant surge of 128.0% year-on-year to reach 495 million yen. From the perspective of financial structure and valuation metrics, the company maintains a solid financial foundation with an equity ratio of 70.4%. Retained earnings stand at 8.65 billion yen, providing a robust buffer against interest-bearing debt of 1.18 billion yen. Earnings per share (EPS) for the period was 61.72 yen, with a Return on Equity (ROE) of 1.18% and a Return on Assets (ROA) of 0.67%.