Daiseki (9793) Q3 2026 earnings summary

Executive summary

• Achieved record highs in consolidated net sales and gross profit for the nine months ended November 30, 2025, with net sales up 8.8% year-over-year to ¥54,474 million and gross profit up 6.8% year-over-year.

• Operating profit rose 1.6% year-over-year to ¥11,307 million, but profit attributable to owners of parent declined 3.1% year-over-year to ¥7,062 million, partly due to TOB-related expenses and increased bonus provisions.

• Main industrial waste treatment, soil remediation, and tank washing businesses achieved record sales and profits, offsetting higher costs.

• Strengthened collaboration and cross-selling initiatives, especially after wholly owning Daiseki Eco. Solution, driving improved ROE and customer engagement.

• Signed a business transfer agreement with SyncMOF Inc. to expand into gas recovery and MOF technology.

Financial highlights

• Consolidated net sales: ¥54,474 million (+8.8% YoY), gross profit: ¥18,315 million (+6.8% YoY), operating profit: ¥11,307 million (+1.6% YoY), profit attributable to owners of parent: ¥7,062 million (-3.1% YoY).

• Daiseki (parent) net sales: ¥30,528 million (+4.2% YoY), operating profit: ¥8,643 million (+1.7% YoY).

• Daiseki Eco. Solution net sales: ¥16,991 million (+19.8% YoY), operating profit: ¥1,843 million (+10.2% YoY).

• System Kikou net sales: ¥3,621 million (+11.4% YoY), operating profit: ¥720 million (+34.8% YoY).

• Basic earnings per share for the nine months was ¥148.75, down from ¥151.40 in the prior year.

Outlook and guidance

• Full-year consolidated net sales forecast: ¥70,000 million, with 77.8% progress achieved in the first nine months.

• Full-year operating profit forecast: ¥15,700 million (up 9.6%), profit attributable to owners of parent forecast at ¥9,900 million (up 6.3%), and basic EPS of ¥208.73.

• Dividend forecast revised upward to ¥76.00 per share for the fiscal year ending February 28, 2026.

• ROE expected to improve to approximately 11.4% in FY February 2026 and 13.0% in FY February 2027, targeting 15% or higher by FY February 2031.

• Dividend payout ratio target of 40%, with gradual increases in dividends and ongoing share buybacks.