Daiseki (9793) Q2 2026 earnings summary

Executive summary

• Achieved record highs in net sales and gross profit for the first half ended August 31, 2025, with net sales reaching ¥36,117 million, up 10.1% year-on-year, despite a challenging industrial production environment.

• Progressed VISION2030 with a tender offer for Daiseki Eco. Solution and expansion into new recycling businesses.

• ROE expected to rise to approximately 13% following the tender offer and full acquisition of Daiseki Eco. Solution.

• The main industrial waste treatment, soil remediation, and tank washing businesses achieved record sales and profits.

Financial highlights

• Consolidated net sales rose 10.1% year-over-year to ¥36,117 million, with gross profit up 5.7% to ¥11,924 million.

• Operating profit increased 1.6% to ¥7,450 million, while profit attributable to owners of parent declined 3.4% to ¥4,712 million.

• All group companies achieved record highs in net sales; Daiseki Eco. Solution and System Kikou also posted record profits.

• Basic earnings per share for the period was ¥99.07, down from ¥101.28 the previous year.

• Comprehensive income for the period was ¥5,179 million, compared to ¥5,362 million a year earlier.

Outlook and guidance

• Full-year consolidated net sales forecast at ¥70,000 million, with operating profit of ¥15,700 million.

• Aiming for ROE of 12% by FY February 2027 and 15% by FY February 2031.

• Plans to gradually increase dividend payout ratio to 40% and consider treasury share purchases totaling approximately ¥12 billion by FY February 2027.

• Dividend forecast for the year is ¥72.00 per share.

• No revisions have been made to the previously announced forecast.