Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Nitto Denko Shares Gain on 9-Month Profit, Forecast Increase

Nitto Denko Corp. rose the most in five months after it posted a higher nine-month profit and raised its full-year forecast on demand for film used in liquid-crystal displays panels and a weaker yen.

The stock rose 5.5 percent to 4,315 yen as of 10:28 a.m. on the Tokyo Stock Exchange, the biggest increase since Sept. 2. Osaka-based Nitto Denko has risen 13 percent this year, while the benchmark Topix index has increased 1.7 percent.

Net income is expected to be 58 billion yen ($707 million) in the year ending March, compared with a previous forecast of 50 billion yen, on increasing demand for touch panels used in smart phones and tablet PCs, Nitto Denko said yesterday in a statement after markets closed. The company also cited a weaker-than-expected yen for the increased forecast.

In the nine months ended Dec. 31, profit rose 44 percent from a year earlier to 45.2 billion yen. Sales increased 7.2 percent.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.