Komori
Revision to earnings forecasts3880Daio Paper CorporationMaterials and Chemicals

Notice Regarding Recognition of a Deferred Income Tax Benefit and Variance Between Second-Quarter (Interim-Period) Earnings Forecast and Actual Results

For the second quarter of the fiscal year ending March 2027, sales exceeded the forecast by ¥568 million, operating profit by ¥3,295 million and ordinary profit by ¥3,037 million, while interim net profit was ¥720 million below the forecast. A deferred income tax benefit of ¥4,111 million was recognized in connection with the liquidation of an Indonesian subsidiary, and the full-year earnings forecast remains unchanged.

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¥ millions
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How definitive the wording is.

Revised forecast

Fiscal year ending March 2027 · Second quarter (interim period)Previous forecast published 15 May 2026
Net Sales327,500→328,068millions
+0.2%
Operating profit4,500→7,795millions
+73.2%
Ordinary income2,500→5,537millions
+121.5%
Profit attributable to owners of the parent5,000→4,279millions
-14.4%
Net income per share32.42→27.75Yen/sen
-14.4%

The bar length represents the relative magnitude of change, based on the item that changed the most in this document. The percentage change shown by the dotted line is calculated from the two reported figures because the company did not provide the rate.

Reason for the revision

Operating profit and ordinary profit exceeded forecasts because the Brazilian subsidiary's performance continued to surpass expectations, price revisions for newsprint and packaging and functional materials took hold, and fixed-cost reductions took effect. Despite the upside in ordinary profit and recognition of a deferred income tax benefit of ¥4,111 million, interim net profit fell below the forecast because recognition of an approximately ¥8,000 million gain on the sale of fixed assets, consisting of warehouse real estate related to the Kawasaki facility, was delayed until the third quarter.

Previous-period resultsSales: ¥319,358 million; operating profit: ¥8,559 million; ordinary profit: ¥6,134 million; interim net profit attributable to owners of the parent: ¥4,385 million; interim net profit per share: ¥26.35
Consolidated / non-consolidatedConsolidated
Revised forecast
ItemDetails
Net Sales¥327,500 millions → ¥328,068 millions(+0.2%)
Operating profit¥4,500 millions → ¥7,795 millions(+73.2%)
Ordinary income¥2,500 millions → ¥5,537 millions(+121.5%)
Profit attributable to owners of the parent¥5,000 millions → ¥4,279 millions(-14.4%)
Net income per share32.42 Yen/sen → 27.75 Yen/sen
Fiscal Period CoveredFiscal year ending March 2027
Period CoveredSecond quarter (interim period)
Publication date of previous forecast15 May 2026
Previous-period resultsSales: ¥319,358 million; operating profit: ¥8,559 million; ordinary profit: ¥6,134 million; interim net profit attributable to owners of the parent: ¥4,385 million; interim net profit per share: ¥26.35
Reason for the revisionOperating profit and ordinary profit exceeded forecasts because the Brazilian subsidiary's performance continued to surpass expectations, price revisions for newsprint and packaging and functional materials took hold, and fixed-cost reductions took effect. Despite the upside in ordinary profit and recognition of a deferred income tax benefit of ¥4,111 million, interim net profit fell below the forecast because recognition of an approximately ¥8,000 million gain on the sale of fixed assets, consisting of warehouse real estate related to the Kawasaki facility, was delayed until the third quarter.
Consolidated / non-consolidatedConsolidated
Items this document does not state (2)
Details and amount of extraordinary lossDividend forecast revision

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

Operating profit and ordinary profit exceeded forecasts because the Brazilian subsidiary's performance surpassed expectations, price revisions for newsprint and packaging and functional materials took hold, and fixed-cost reductions took effect. Although a deferred income tax benefit of ¥4,111 million was recognized, interim net profit fell below the forecast because recognition of an approximately ¥8,000 million gain on the sale of fixed assets, consisting of warehouse real estate related to the Kawasaki facility, was delayed until the third quarter.

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