Nitta hose & tube division lifts third quarter earnings

Osaka, Japan – Nitta Corp. has reported a marginal 0.8% year-on-year increase in sales to Yen67.4 billion (€365 million) for the third quarter of fiscal 2025, supported mainly by growth in its belt and hose operations.

Operating income rose at a faster pace, up 3.8% year-on-year to Yen4.28 billion, reflecting improved profitability in most core divisions.

In its ‘Belt and Rubber’ division, Nitta saw steady growth with sales up 2.1% year-on-year to Yen22.53 billion, while operating income rose 3.4% to Yen2.70 billion.

The segment remained the group’s largest earnings contributor, with belt products seeing a demand increase in logistics industry, particularly in Japan and North America.

The rubber products segment also reported growth in demand within electronic components segment while civil engineering and bridge industry reported declines.

The ‘Hose and Tube’ division reported the strongest profit expansion, as sales grew 1.9% to Yen24.22 billion.

Operating income, meanwhile, jumped 22.8% to Yen589 million, marking the strongest earnings growth among major segments.

The unit saw increasing demand for construction machinery and a ‘solid’ growth in automotive sales in Japan and North America, helped by the pass-through of materials costs.

The ‘Chemical Industrial Products’ division reported a 7.4% year-on-year decrease in sales to yen8.66 billion, while operating income rose 13.6% to yen714 million.