Dai Nippon Printing (7912) Q2 2026 earnings summary

Executive summary

• Sales increased 4.3% year-over-year to ¥738.7bn in H1 FY2025, with operating profit up 22.2% to ¥46.6bn and ordinary profit up 5.8% to ¥52.9bn, driven by focus business areas and business restructuring.

• Net profit attributable to parent company shareholders fell 32.7% year-over-year to ¥60.3bn, mainly due to lower extraordinary gains from investment securities sales, FX losses, and reduced gains on asset sales.

• The company is executing the final year of its Medium-Term Management Plan, focusing on high-growth, high-profitability business areas and targeting ROE of at least 10%.

• A new three-year Medium-Term Management Plan will begin in April 2026, emphasizing market share and continuous growth.

• Performance is progressing as planned relative to initial forecasts.

Financial highlights

• H1 FY2025 sales: ¥738.7bn (+4.3% YoY); operating profit: ¥46.6bn (+22.2% YoY); ordinary profit: ¥52.9bn (+5.8% YoY).

• Net profit: ¥60.3bn (-32.7% YoY); capital expenditures: ¥47.8bn (+52.3% YoY); R&D expenditures: ¥20.2bn (+10.0% YoY).

• Depreciation decreased 8.5% YoY to ¥23.7bn.

• Net income per share was ¥135.02, reflecting a 2-for-1 stock split effective October 1, 2024.

• Total assets increased to ¥1,972.0bn, and net assets stood at ¥1,205.1bn as of September 30, 2025.

Outlook and guidance

• Full-year FY2025 sales forecast unchanged at ¥1,500bn (+2.9% YoY); operating profit forecast at ¥94.0bn (+0.4% YoY); ordinary profit forecast at ¥105.0bn (+9.4% YoY).

• Net profit forecast at ¥90.0bn (-18.7% YoY); ROE projected at 8.0%; net income per share projected at ¥203.98.

• Dividend per share planned to increase by ¥2 to ¥40.

• No changes to previously announced earnings forecasts.