Nitto Kogyo Corporation operates within the Switchgear and switchboard apparatus sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Nitto Kogyo with three other
power transmission equipment manufacturers in Asia:
sales of 18.83 billion Japanese Yen [US$167.80 million]
of which 100%
was Power Control Distribution Systems),
Togami Electric Mfg. Co., Ltd.
(22.98 billion Japanese Yen [US$204.75 million]
of which 43%
was Distribution for automatic switch), and
Vitzro Tech Co Ltd
based in South Korea
(220.44 billion Korean Won [US$192.89 million]
During the year ended March of 2018, sales at
Nitto Kogyo were ¥108.08 billion (US$962.99 million).
a very small
increase of 1.4%
versus 2017, when the company's sales were ¥106.63 billion.
Despite this increase, sales are still
below the level achieved in 2016, when Nitto Kogyo
reported sales of ¥108.46 billion.
Sales of Communication for Intelli Related saw an increase
that was more than double the company's growth rate: sales were up
3.7% in 2018, from
¥30.49 billion to ¥31.62 billion.
Not all segments of Nitto Kogyo experienced an increase in sales in 2018:
sales of Project and Service Business fell 7.4% to ¥2.41 billion.
(However, this segment's sales were only a very small portion of the company's overall sales).