Daiseki (9793) Q3 2025 earnings summary

Executive summary

• Achieved record highs in net sales and profits for the parent company, despite sluggish industrial production and economic stagnation; group consolidated results exceeded nine-month forecasts and led to an upward revision of full-year guidance.

• Announced a tender offer to acquire OSAKA YUKA INDUSTRY LTD. to enhance recycling technology, address customer needs, and strengthen support for the semiconductor industry.

• Lead recycling and tank washing businesses exceeded plans, benefiting from high lead prices and strong market demand.

• Soil remediation business saw significant declines due to the completion of large projects, but performance was largely as planned.

Financial highlights

• Consolidated nine-month net sales: ¥50,032 million, down 6.6% year-over-year; operating profit: ¥11,127 million, down 6.8% year-over-year; profit attributable to owners: ¥7,289 million, down 1.4% year-over-year.

• Gross profit margin improved to 34.2% from 33.1% year-over-year.

• Parent company achieved record nine-month net sales of ¥29,281 million (+4.6% YoY) and net income of ¥6,301 million (+8.1% YoY).

• Basic earnings per share for the period was ¥151.40, slightly up from ¥150.66 year-over-year.

• Net assets rose to ¥91,523 million, with a capital adequacy ratio steady at 74.1%.

Outlook and guidance

• Full-year consolidated forecast revised: net sales ¥66,000 million, operating income ¥14,600 million, profit attributable to owners ¥9,300 million.

• Year-end dividend forecast raised from ¥33 to ¥39 per share; annual dividend from ¥66 to ¥72 (payout ratio 37.2%).

• Basic earnings per share for the full year projected at ¥193.23.

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