Japan: Glass fibre products and textiles producer Nitto Boseki raised its sales by 29% year-on-year, to US$184m, in the first quarter of the 2025 financial year. The company’s net profit more than tripled to US$23.2m. Its insulation segment raised its sales by 12% year-on-year to US$26m, recuperating a profit of US$1.4m, compared to a break-even in the first quarter of the 2024 financial year.
Nitto Boseki now anticipates a 17% rise in full-year sales, to US$766m, and a 48% rise in earnings before interest, taxation, depreciation and amortisation (EBITDA), to US$162m, in 2024.
