Dai Nippon Printing (7912) Q3 2026 earnings summary

Executive summary

• Sales for the first nine months of FY2025 rose 4.6% year-over-year to ¥1,128.2 billion, with operating profit up 21.8% to ¥76.3 billion and ordinary income up 9.8% to ¥87.5 billion, driven by growth in focus business areas and business restructuring.

• Net profit attributable to parent company shareholders declined 26.4% year-over-year to ¥85.4 billion due to reduced dividend income and lower gains on asset sales.

• The company is in the final year of its Medium-Term Management Plan and is preparing a new plan focused on high-profit, high-growth sectors.

Financial highlights

• Operating profit margin improved, with operating profit up 21.8% year-over-year.

• Capital expenditures increased 43.7% year-over-year to ¥66.3 billion, and R&D expenditures rose 9.0% to ¥31.1 billion.

• Depreciation for the nine months was ¥37,917 million, down 4.7% year-over-year.

• Net income per share was ¥192.31, reflecting a 2-for-1 stock split effective October 1, 2024.

• Total assets increased to ¥1,980.3 billion as of December 31, 2025, with net assets at ¥1,218.4 billion and an equity ratio of 57.7%.

Outlook and guidance

• Full-year sales forecast revised upward to ¥1,515.0 billion, a 3.9% increase over the previous year.

• Operating profit forecast raised to ¥103.0 billion, up 10.0% from the previous forecast.

• Net profit forecast for FY2025 revised to ¥100.0 billion, a 9.7% decrease year-over-year but higher than the previous forecast.

• Net income per share for the full year is projected at ¥226.57.

• ROE expected at 8.7% for FY2025, with a target of at least 10% in the next Medium-Term Plan.