Daiseki Co., Ltd. (TSE: 9793), a Nagoya-based industrial-waste treatment and recycling group listed in Tokyo and Nagoya, reported results for the first quarter (March 1–May 31, 2026) of its fiscal year ending February 2027. Under Japanese GAAP, consolidated revenue rose 2.0% to ¥18.28 billion, operating profit climbed 8.3% to ¥4.15 billion, ordinary profit rose 8.9% to ¥4.27 billion and net profit attributable to owners jumped 17.6% to ¥2.87 billion — record highs for both revenue and every profit line. EPS was ¥60.73, up from ¥51.02 a year earlier.
Core waste-treatment business sets fresh records
Parent Daiseki's industrial-waste treatment business, centered on factory waste fluids, renewed record highs for both revenue and operating profit. The company aggressively captured waste fluids that serve as feedstock for its recycled fuel, absorbing increases in raw-material and labor costs, although revenue came in slightly below plan.
Soil remediation earns more on lower sales
Daiseki Eco Solution's soil-remediation business saw revenue decline as soil-treatment and construction projects in the Kansai region decreased. Operating profit nonetheless rose, driven by high-value-added work: a newly won large-scale factory-waste removal project in the Chubu region, a large contaminated-soil treatment and construction project in Kanto continuing from the previous year, and a large factory-waste removal project in Kansai. Elsewhere in the group, lead-recycler Daiseki MCR kept production running smoothly and slightly beat its profit plan despite higher raw-material costs, while System Kiko's large-tank cleaning business fell short of plan on both revenue and profit as work slipped into the second quarter.
Balance sheet and dividend
Total assets stood at ¥106.08 billion at end-May, up ¥0.9 billion from the February year-end, as trade receivables rose ¥1.42 billion and construction in progress ¥0.51 billion while cash declined ¥1.47 billion. Liabilities fell ¥248 million to ¥21.52 billion — income taxes payable dropped ¥1.30 billion, outweighing a ¥1.0 billion rise in short-term borrowings — and net assets rose to ¥84.56 billion, lifting the equity ratio to 78.1% from 77.7%. Daiseki plans an FY2/2027 annual dividend of ¥86.00 per share (¥43 interim plus ¥43 year-end), up ¥10 from ¥76.00.
Outlook
Daiseki left its full-year FY2/2027 guidance, announced on April 7, 2026, unchanged: revenue of ¥74.20 billion (+3.2%), operating profit of ¥16.80 billion (+15.1%), ordinary profit of ¥17.00 billion (+14.2%) and net profit of ¥11.20 billion (+22.3%), for EPS of ¥236.86. For the first half it targets revenue of ¥37.18 billion (+2.9%) and operating profit of ¥8.32 billion (+11.6%).
| Metric | Q1 FY2/27 | Q1 FY2/26 | YoY |
|---|---|---|---|
| Revenue (¥m) | 18,275 | 17,912 | +2.0% |
| Operating profit (¥m) | 4,151 | 3,830 | +8.3% |
| Ordinary profit (¥m) | 4,267 | 3,916 | +8.9% |
| Net profit attrib. (¥m) | 2,871 | 2,441 | +17.6% |
| EPS (¥) | 60.73 | 51.02 | +19.0% |
| Equity ratio (vs FY2/26-end) | 78.1% | 77.7% | +0.4pp |
| Annual dividend (¥, plan) | 86.00 | 76.00 | +¥10.00 |
| FY2/27 OP guidance (¥m) | 16,800 | — | +15.1% |
JapanStockPulse provides informational content only and does not constitute investment advice. Figures are taken from the company's published earnings short report and may be subject to subsequent revision.