Earnings quality
Compare earnings and operating cash flow for earnings quality.
Dai Nippon Printing Co., Ltd.
Ticker 7912 · 🇯🇵 Japan · Consolidated IFRS · amounts in yen
Filed 2026-06-23 · Period end 2026-03-31
Takeaway
Worth trackingSales and operating profit both moved in a healthier direction.
operating margin is 6.7%.
Sales and operating profit moved together — keep watching margins and whether the trend persists next period.
ActionWorth tracking
OP margin6.7%
Equity ratio—
Last price—
Trailing P/E—
Look at next
- Compare operating cash flow to reported profit across the last two years.
- Open English IR for management commentary on outlook and capital allocation.
- Overlay peers on Compare before judging relative momentum.
About the company
大日本印刷株式会社 is a Japanese listed company. Its reportable segments include Electronics, Life And Healthcare, Smart Communication, Total Of.
- Electronics
- Life And Healthcare
- Smart Communication
- Total Of
- Description Of
- Disclosure Of Changes In
- Explanation Of Measurements Of Sales Profit Loss Asset Liability And Other Items For Each
Segments Electronics · Life And Healthcare · Smart Communication · Total Of · Description Of · Disclosure Of Changes In
Compare trends
No phone/email found in this filing · Filing date 2026-06-23
Financial statements
Income statement
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Revenue | ¥1.5T | ¥1.5T |
| Cost of sales* | ¥1.1T | ¥1.1T |
| Gross profit | ¥338.3B | ¥366.0B |
| Operating profit (loss) | ¥93.6B | ¥101.0B |
| Finance income | — | — |
| Finance costs | — | — |
| Income tax expense | ¥55.1B | ¥48.8B |
| Profit (loss) | ¥113.6B | ¥106.8B |
| Profit (loss) attributable to owners | ¥110.7B | ¥104.0B |
| Basic EPS (¥) | — | — |
Balance sheet
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Cash and cash equivalents | ¥250.6B | ¥243.6B |
| Current assets | ¥824.7B | ¥859.4B |
| Non-current assets | ¥1.1T | ¥1.2T |
| Total assets | ¥1.9T | ¥2.0T |
| Short-term borrowings | ¥31.7B | ¥33.0B |
| Current liabilities | ¥435.8B | ¥380.2B |
| Non-current liabilities* | ¥273.3B | ¥386.8B |
| Total liabilities | ¥709.1B | ¥767.0B |
| Equity attributable to owners | — | — |
| Total equity | — | — |
Cash flow statement
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Cash flows from operating activities | ¥132.7B | ¥40.4B |
| Cash flows from investing activities | — | — |
| Cash flows from financing activities | -¥87.4B | ¥23.3B |
| Net increase (decrease) in cash | ¥14.2B | -¥7.1B |
| Cash at end of period | ¥250.6B | ¥243.6B |
Five-year trends
Key metrics
| Metric | Trend | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|
| Revenue | ¥1.3T | ¥1.4T | ¥1.4T | ¥1.5T | ¥1.5T | |
| Operating profit | ¥81.2B | ¥83.7B | ¥98.7B | ¥115.9B | ¥119.2B | |
| Profit to owners | — | — | — | ¥110.7B | ¥104.0B | |
| Total assets | ¥1.9T | ¥1.8T | ¥2.0T | ¥1.9T | ¥2.0T | |
| Cash & equivalents | — | — | ¥234.6B | ¥250.6B | ¥243.6B | |
| Owners’ equity | ¥1.1T | ¥1.1T | ¥1.2T | ¥1.2T | ¥1.3T |
How we read these numbers
From the notes
No material one-offs extracted from this filing.
Constructive
Sales and operating profit both moved in a healthier direction.
On the income statement, revenue moved from ¥1.5T to ¥1.5T (▲ +3.8%), so the top line did not break. Gross profit only slipped from ¥338.3B to ¥366.0B, while operating profit swung from ¥93.6B to ¥101.0B — the damage is concentrated below gross profit.
Cash tells a different story than earnings. Operating cash flow was still ¥40.4B (prior ¥132.7B), and cash on the balance sheet rose to ¥243.6B from ¥250.6B. When profits collapse but operating cash stays positive, read the notes for impairments and other non-cash charges before assuming the business stopped generating cash.
The balance sheet got heavier on leverage. Total liabilities rose to ¥767.0B while owners’ equity fell to —. ROE moved from 9.6% to 8.9%, and the equity ratio from 59.2% to 58.5%. Employee count is 36,360 vs 36,890 a year earlier.
Liquidity & leverage
Short-term borrowing levels look more stable year over year.
Capital buffer
Owners’ equity ratio fell from 59.2% to 58.5%; the balance sheet absorbed a heavy loss year.
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Source: EDINET S100YF74
(大日本印刷株式会社), period end 2026-03-31.