Nitto Best (2877) Earnings Report: Sales Down 0.3% YoY, Operating Loss of 155 Million Yen

Nitto Best (2877) has released its financial results, reporting net sales of 13,974 million yen, a 0.3% decrease compared to the same period of the previous year. On the profit front, the company posted an operating loss of 155 million yen, an ordinary loss of 152 million yen, and a net loss attributable to owners of the parent of 151 million yen. Earnings per share (EPS) stood at -12.52 yen, with comprehensive income recorded at -38 million yen. Looking at the company's financial foundation, the equity-to-asset ratio stands at 39.0%, maintaining a sound financial structure. Retained earnings total 12.30 billion yen against interest-bearing debt of 8.72 billion yen. Furthermore, the company recorded an ROE of 3.14%, an ROA of 1.27%, and an EBITDA of 2.32 billion yen, demonstrating its underlying financial scope despite the challenging earnings performance for the period.