Nitta Corporation operates within the Rubber & plastics hose & belting sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Nitta with three other
companies in this sector in Japan:
Tigers Polymer Corporation
sales of 40.52 billion Japanese Yen [US$361.45 million]
of which 51%
Mitsuboshi Belting Ltd
(66.40 billion Japanese Yen [US$592.25 million]
of which 44%
was Overseas belt), and
Bando Chemical Industries Limited
(88.39 billion Japanese Yen [US$788.41 million]
of which 46%
During the year ended March of 2017, sales at
Nitta were ¥64.36 billion (US$574.08 million).
a very small
increase of 1.5%
versus 2016, when the company's sales were ¥63.44 billion.
This was the fourth straight year of sales growth at Nitta.
Sales of Management Advice saw an increase
that was more than double the company's growth rate: sales were up
12.2% in 2017, from
¥1.12 billion to ¥1.26 billion.
Nitta also saw significant increases in sales in
Hoses and Tubes (up 2.4% to ¥28.49 billion)
Other Industrial Products (up 4.0% to ¥7.92 billion)
Not all segments of Nitta experienced an increase in sales in 2017:
sales of Real Estate fell 1.3% to ¥986.00 million.
(However, this segment's sales were only a very small portion of the company's overall sales).
Nitta also experienced decreases in sales in
Belts and Rubbers (down 0.7% to ¥24.42 billion)