Daiichikosho posts record sales, hikes dividend on asset sale

Daiichikosho announced its interim financial results for the fiscal year ending March 2026, reporting record-high net sales of JPY 80,276 million, an 8.0% increase year-on-year. This growth was primarily fueled by the successful launch of the new DAM product, LIVE DAM WAO!, and strong performance across its core businesses, including a 4% year-on-year increase in existing karaoke cabin sales.

However, operating profit decreased by 6.3% to JPY 8,430 million, and net income attributable to parent company shareholders saw a significant decline of 36.3% to JPY 6,117 million. This profit contraction was attributed to increased selling, general, and administrative (SG&A) expenses, including costs associated with new product introductions and promotional activities.

The company also revised its full-year earnings forecast and dividend, anticipating a JPY 4.0 billion gain from the sale of its current head office building. This led to an increase in the year-end dividend forecast by JPY 10, including a commemorative dividend, bringing the total to JPY 67 per share.