Nitta posted sales of 21.63 billion yen ($148.14 million), down 0.4% year-on-year, operating profit of 1.16 billion yen, down 9.2%, ordinary profit of 3.60 billion yen, up 18.7%, and net profit of 3.02 billion yen, down 20.5% in the first quarter (April-June 2024) of the fiscal year ending March 2025. By segment, the belt and rubber products business posted sales...
Nitta will merge its wholly owned subsidiary Nitta Air Solutions as the surviving company and Morimitsu, also a wholly owned subsidiary, as the dissolving company, effective October 1. The surviving company, Nitta Air Solutions, was established on November 16, 1960. The company is engaged in sales of air filtration materials and dust collectors, pipe installation, real estate maintenance and management,...
Nitta has on July 9 in Osaka opened a satellite office at Mitsui Link Lab Nakanoshima in Nakanoshima Qross, an international center for future medicine. Nakanoshima Qross is an industrialization base for future medicine established in 2019 by Osaka Prefecture and 21 private companies and others. It aims to promote the industrialization of cutting-edge future medicine that responds to advances...
Nitta announced net sales of 88.61 billion yen ($565.29 million), up 0.7% year-on-year; operating income of 4.42 billion yen, down 11.4%; ordinary income of 12,01 billion yen, down 6.9%; and net income of 9.68 billion yen, down 9.2%, for the fiscal year ending March 31, 2024. “Sales were decent, but profits fell sharply due to a slower-than-expected decline in the...
Nitta’s Nitta Moore division posted lower sales and profits in the third quarter (April-December) of the fiscal year ending March 31, 2024, compared to the same period last year. Sales in the auto business were strong due to an upturn in automobile production at the customers who demanded them, but sales in the general industrial business were sluggish due to...
Rubber and resin products manufacturer Nitta has developed patented carbon fiber reinforced plastic (CFRP) products for the industrial field using its proprietary CNT composite technology Namd. Since fiscal 2017, Namd has been used in many CFRP products in the sports field, such as tennis rackets and golf club shafts, due to its excellent properties, including vibration damping and speed-dependent relaxation...
