Dai Nippon Printing (7912) Investor presentation summary

Historical strengths and business evolution

• Over 150 years, the group has evolved from publishing to advanced printing, electronics, and information security, driven by a philosophy of creating future standards and sustainable value.

• P & I Innovation leverages advanced printing technology, microfabrication, and information processing, supported by a strong R&D framework and high patent competitiveness.

• Key products include smart cards, OLED display components, photo printer media, optical films, and BPO services, with leading market shares in several segments.

Review of current medium-term management plan (FY2023–FY2025)

• Operating profit and ROE are expected to exceed targets for FY2023–FY2025, with PBR rising above 1.0x.

• Focus businesses, especially Digital Interface, are expanding steadily, while profitability in restructured businesses has improved.

• All segments—Smart Communication, Life and Healthcare, and Electronics—achieved profit growth through focus business expansion and structural reforms.

Outline and strategies for next medium-term management plan (FY2026–FY2028)

• The next plan aims to expand focus businesses, advance structural reforms, and create new value leveraging P & I strengths.

• Targets include ROE of 9–10% and operating profit CAGR of 8%, with operating profit planned to reach ¥130–150 billion by FY2028.

• Business portfolio transformation will focus on high-growth, high-profitability areas such as information security, photo imaging, mobility, industrial materials, digital interfaces, and semiconductors.

• Growth investments will be funded by maximizing capital efficiency, reducing strategic shareholdings, and flexible use of debt; shareholder returns will be enhanced through progressive dividends and share buybacks.

• Non-financial strategies emphasize investment in people, intellectual capital, and a nature-positive value chain to realize a sustainable society.