Daiseki (9793) Q4 2026 earnings summary

Executive summary

• Achieved record-high consolidated net sales of ¥71,845 million (up 6.7% YoY) and gross profit of ¥24,087 million (up 7.3% YoY), though operating profit fell short of forecast due to one-time TOB-related and acquisition impairment expenses.

• Parent company and key subsidiaries reported record net sales, with strong performance in wastewater intake, recycled fuels, and all main business lines.

• Profit attributable to owners declined 1.6% to ¥9,155 million due to impairment losses from a business acquisition.

• Continued expansion under VISION2030, including new operating bases, M&A activity, and acquisition of SyncMOF Inc.

Financial highlights

• FY2026 consolidated net sales: ¥71,845 million (up 6.7% YoY); gross profit: ¥24,087 million (up 7.3% YoY); operating profit: ¥14,588 million (up 1.8% YoY, but 7% below forecast); profit attributable to owners: ¥9,155 million (down 1.6% YoY).

• Cash and cash equivalents at year-end decreased to ¥18,301 million from ¥30,122 million.

• Net assets fell to ¥83,403 million (down ¥10,447 million), mainly due to treasury share cancellation and subsidiary share purchases.

• Equity-to-asset ratio improved to 77.7% from 74.2%.

• Dividend increased by ¥4 to ¥43 per share; payout ratio 39.3%.

Outlook and guidance

• FY2027 forecast: net sales ¥74,200 million (+3.2%), operating profit ¥16,800 million (+15.1%), ordinary profit ¥17,000 million (+14.2%), profit attributable to owners ¥11,200 million (+22.3%).

• Dividend forecast for FY2027: ¥86.00 per share.

• Medium-term plan targets net sales of ¥83,000 million and operating profit of ¥19,000 million by FY2029.

• ROE targeted at 15% by FY2031; M&A and debt financing considered to reach targets.