Dai Nippon Printing (7912) Q4 2026 earnings summary

Executive summary

• FY2025 sales rose 3.8% year-over-year to ¥1,512.6 bn, with operating profit up 7.9% to ¥101.0 bn and ordinary profit up 2.9% to ¥119.2 bn; net profit declined 6.1% to ¥103.9 bn due to lower gains on asset sales, but exceeded revised forecasts.

• Comprehensive income surged 157.1% year-over-year to ¥126.6 bn, reflecting improved other comprehensive income.

• All segments achieved profit growth through focus business expansion and structural reforms.

• The year marked the conclusion of the Medium-Term Management Plan, with focus on business portfolio optimization, shareholder returns, and sustainability initiatives.

Financial highlights

• Gross profit increased to ¥365.98 bn from ¥338.28 bn year-over-year.

• Operating profit margin improved by 0.3pt to 6.7% year-over-year.

• ROE was 8.9%, down 0.7pt year-over-year but above the 8% target.

• Capital expenditures reached ¥87.7 bn (+14.5%), R&D expenditures ¥42.2 bn (+12.6%).

• Dividend per share increased to ¥40, with a payout ratio of 17.0%.

Outlook and guidance

• FY2026 sales forecast at ¥1,530.0 bn (+1.2%), operating profit at ¥108.0 bn (+6.9%), ordinary profit at ¥124.0 bn (+4.0%), and net profit expected to decline to ¥95.0 bn (-8.6%), with ROE at 8.0%.

• Segment forecasts: Smart Communication sales to decline 1.1%, Life & Healthcare up 0.7%, Electronics up 8.8%.

• Operating profit CAGR targeted at 9% through FY2028, with operating profit planned to reach ¥130 bn.

• Dividend per share planned to increase to ¥41 in FY2026, marking a third consecutive annual increase.