The Osaka-based company posted a net profit of ¥3.42 billion for the three-quarter period, down from ¥3.52 billion in the previous year. While total revenue increased to ¥102.84 billion, up from ¥100.01 billion, the gains were offset by rising costs that pressured the company's bottom line.
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Nichiden Corp Net Profit Slips to ¥3.42 Billion Despite Revenue Growth
Nichiden Corp. (9902.TO) reported a marginal decline in net profit for the nine months ended Dec. 31, even as the Japanese industrial equipment distributor saw its top-line revenue climb past the ¥100 billion mark.
Shifting Margins
Operating profit for the period fell to ¥4.46 billion, compared to ¥4.83 billion a year earlier. Pretax profit followed a similar trajectory, sliding to ¥5.12 billion from ¥5.25 billion. These figures reflect a tightening of margins despite the company's ability to drive higher sales volume in the Japanese market.According to the financial filing, earnings per share dropped to ¥115.97, down from ¥118.09 in the same period of 2024. The results, prepared under Japanese accounting standards, highlight the challenges facing industrial distributors as they navigate fluctuating operational expenses.
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