Daitron (7609) investor relations material

Executive summary

• Q3 sales rose 28.1% YoY to ¥30,686 mn; nine-month sales rose 24.2% to ¥90,388 mn, supported by generative AI and semiconductor manufacturing equipment investment.

• Nine-month operating income increased 52.7% to ¥7,713 mn and parent-attributable net income rose 60.1% to ¥5,577 mn.

• Growth also reflected efforts to expand original products, overseas business and new earnings pillars.

Financial highlights

• Q3 gross profit was ¥6,783 mn, up 42.1% YoY; gross margin was 22.1%, up 2.2 points, supported by supplier-price pass-through.

• Q3 operating income reached ¥2,667 mn, up 101.0% YoY; operating margin was 8.7%, up 3.2 points, as higher gross profit more than offset increased SG&A.

• Nine-month gross profit was ¥19,332 mn versus ¥14,898 mn; SG&A was ¥11,619 mn versus ¥9,847 mn.

• Nine-month ordinary income rose 55.1% to ¥7,854 mn; comprehensive income was ¥6,406 mn versus ¥3,641 mn.

• Nine-month gross margin was 21.4% versus 20.5%; operating margin was 8.5% versus 6.9%.

Outlook and guidance

• FY2026 forecasts: sales ¥124,000 mn, operating income ¥9,400 mn, ordinary income ¥9,550 mn and parent-attributable net income ¥6,850 mn.

• Forecast growth is 20.2% for sales, 34.1% for operating income, 33.5% for ordinary income and 39.1% for net income; nine-month progress was 72.9%, 82.1%, 82.2% and 81.4%, respectively.

• Forecast basic EPS is ¥328.47; forecasts were largely unchanged from the six-month outlook, with sales and income measures revised following nine-month results.

• FY2026 dividend forecast is ¥132 per post-split share, comprising ¥55 interim and ¥77 year-end; equivalent pre-split annual amount is ¥264.