Daiseki reports record Q1 sales despite profit dip

Daiseki (TSE:9793) announced record first-quarter sales of JPY17.912 billion, a 7.2% increase year-over-year, driven by the industrial wastewater treatment business. Despite the sales increase, operating profit decreased by 1.9% to JPY3.830 billion, and net profit attributable to owners of parent declined by 9.1% to JPY2.441 billion. The company attributed the sales growth to aggressive acquisition of wastewater for recycled fuels, offsetting increased raw material and labor costs. Daiseki Eco. Solution Co., Ltd. also contributed with increased sales and profits from high-value soil remediation projects. The company has repurchased 800,000 of its own shares, increasing treasury shares by JPY2.947 billion. Daiseki forecasts full-year sales of JPY70 billion and net profit of JPY9.9 billion for the fiscal year ending February 28, 2026, with plans to pay an annual dividend of JPY72 per share.