Nitto Denko Corporation announced consolidated earnings results for the third quarter and nine months ended December 31, 2014. For the third quarter, the company reported revenue of ¥230.09 billion, operating income of ¥39.28 billion against revenue of ¥199.23 billion, operating income of ¥21.71 billion a year ago.

For the nine months, the company reported revenue of ¥623.6 billion, operating income of ¥82.3 billion, net income of ¥56.9 billion compared to revenue of ¥564.3 billion, operating income of ¥56.1 billion, net income of ¥38.2 billion a year ago. Income before income taxes was ¥81.69 billion against ¥54.66 billion a year ago. Net income attributable to owners of the parent company was ¥56.89 billion against ¥38.12 billion a year ago. Diluted earnings per share were ¥344.07 against ¥230.62 a year ago. Net cash provided by operating activities was ¥79 billion against ¥50.73 billion a year ago. Purchase of property, plant and equipment and intangible assets was ¥38.12 billion against ¥59.48 billion a year ago.

For the fiscal year ending March 31, 2015, the company now expected revenue of ¥825 billion, operating income of ¥100 billion, net income of ¥72 billion compared to revenue of ¥805 billion, operating income of ¥88 billion, net income of ¥64 billion for the same period expected previously. Depreciation and amortization of ¥48 billion and R&D expenditure of ¥27 billion. Income before income taxes of ¥99 billion, net income attributable to owners of the parent company of ¥72 billon or ¥436.15 basic earnings per share.