Daitron (7609) Q4 2025 earnings summary

Executive summary

• Achieved record net sales of ¥103,142 million in FY2025, up 10.3% year-over-year, with operating income of ¥7,010 million (up 13.1%) and net income of ¥4,923 million (up 12.4%).

• Growth was driven by robust demand in the electronics industry, especially in AI and IoT fields, and strong overseas business expansion, particularly in North America and Europe.

• Launched the 11M Medium-Term Business Plan, targeting sustained growth and global expansion toward the 2030 Vision.

Financial highlights

• Gross profit increased to ¥20,978 million from ¥18,868 million year-over-year, with gross profit margin improving to 20.3% (from 20.2% in FY2024).

• Operating margin improved to 6.8% from 6.6% year-over-year.

• Equity ratio at 44.8%, total assets at ¥79,295 million, and net assets at ¥35,586 million.

• ROE reached 14.4%, exceeding the 12% target.

• Cash and cash equivalents at year-end were ¥20,644 million, up ¥1,103 million from the prior year.

Outlook and guidance

• FY2026 forecast: net sales of ¥103,400 million, operating income of ¥7,200 million, net income of ¥4,950 million.

• Dividend payout ratio target raised to 40% from FY2024; 2-for-1 stock split planned for January 2026.

• The business environment remains uncertain due to geopolitical risks and high resource prices, but capital investment in AI and IoT is expected to support steady demand.