Dai Nippon Printing (7912) Q4 2026 earnings summary

Executive summary

• FY2025 sales rose 3.8% year-over-year to ¥1,512.5 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% year-over-year 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.

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

Financial highlights

• 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%).

• Cumulative business investments over three years reached ¥388.7 bn (99.7% of plan).

• Net income per share was ¥235.49, reflecting a 2-for-1 stock split effective October 1, 2024.

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%).

• Net profit expected to decline to ¥95.0 bn (-8.6%), with ROE at 8.0%.

• 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.