Dai Nippon Printing : Consolidated Monetary Outcomes for the First Six Months of the Fiscal Yr Ending March 31, 2022

Consolidated Monetary Outcomes

for the First Six Months of the Fiscal Yr Ending March 31, 2022 [J-GAAP]

		November 12, 2021
Firm Identify:	Dai Nippon Printing Co., Ltd.
Inventory change itemizing:	Tokyo
Inventory code:	7912	URL: http://www.dnp.co.jp/eng/
Consultant:	Yoshinari Kitajima, President
Contact individual:	Naoki Wakabayashi,
	Normal Supervisor, IR and Public Relations Division
Phone:	+81-3-6735-0124
Securities report issuing date:	November 12, 2021
Dividend fee date:		December 10, 2021
Preparation of quarterly earnings presentation materials: Sure
Holding of quarterly outcomes briefing:	Sure (for institutional traders and analysts)

(Quantities beneath a million yen have been rounded down.)

1. Consolidated monetary outcomes for the primary six months ended September 30, 2021 (April 1, 2021 – September 30, 2021)

(1) Consolidated monetary outcomes

(Percentages present change from corresponding year-ago interval.)

								Web Revenue
	Web Gross sales		Working Revenue	Strange Revenue	Attributable to
		Mother or father Firm
								Shareholders
	Million yen	%	Million yen	%	Million yen	%	Million yen	%
Six months ended	657,168		1.9	30,831	75.5	36,423	67.1	33,812	195.7
September 30, 2021
Six months ended	644,638		(7.1)	17,563	(31.6)	21,793	(25.9)	11,434	(84.9)
September 30, 2020

Notice: Complete revenue: For the primary six months ended September 30, 2021: ¥80,621 million (40.5%) For the primary six months ended September 30, 2020: ¥57,366 million (70.3%)

	Web Revenue per Share	Diluted Web Revenue
	per Share
	Yen	Yen
Six months ended	122.26	122.23
September 30, 2021
Six months ended	40.71	40.54
September 30, 2020

(2) Consolidated monetary place

			Complete Property		Web Property	Fairness Ratio
			Million yen		Million yen	%
	As of September 30, 2021	1,857,856	1,139,513		58.3
	As of March 31, 2021		1,825,019		1,098,613		57.2

Notice: Stockholders’ fairness: As of September 30, 2021: ¥1,083,948 million As of March 31, 2021: ¥1,043,977 million

2. Dividends

Annual Dividends (Yen)

First Quarter-

Second Quarter-

Third Quarter-

Yr-end

Complete

finish

finish

finish

Yr ended

–

32.00

–

32.00

64.00

March 31, 2021

Yr ending

–

32.00

March 31, 2022

Yr ending March 31, 2022

–

32.00

64.00

(Forecasts)

Notice: Revisions to essentially the most lately introduced dividend forecasts throughout the second quarter: No

3. Consolidated earnings forecasts for the 12 months ending March 31, 2022 (April 1, 2021 – March 31, 2022)

(Percentages present change from corresponding year-ago interval.)

															Web Revenue		Web
															Attributable to
			Web Gross sales			Working Revenue		Strange Revenue			Revenue
							Mother or father Firm
																per Share
															Shareholders
	Full 12 months		Million yen	%		Million yen	%		Million yen	%		Million yen	%		Yen
		1,350,000		1.1		57,000		15.1		65,000		8.5		53,000		111.3		193.60

Notice: Revisions to essentially the most lately introduced earnings forecasts throughout the second quarter: No

Different info

1. Modifications in important subsidiaries throughout the second quarter (adjustments in specified subsidiaries leading to change of scope of consolidation): No
2. Software of accounting procedures peculiar to quarterly consolidated monetary assertion preparation: No
3. Modifications in accounting insurance policies, adjustments in accounting estimates, and restatement of revisions

1. Modifications in accounting insurance policies with revision of accounting requirements: Sure

2)	Modifications in accounting insurance policies apart from the 1) above:	No
3)	Modifications in accounting estimates:	No
4)	Restatement of revisions:	No

Notice: For extra info, see the part titled, “2. Quarterly consolidated monetary statements and key notes (4) Notes relating to quarterly consolidated monetary statements [Changes in accounting policies],” on web page 11.

(4) Variety of widespread shares issued and excellent

1. Variety of widespread shares excellent at finish of every interval (together with treasury shares)
2. Variety of treasury shares at finish of every interval
3. Common variety of shares excellent throughout the interval (cumulative from the beginning of the fiscal 12 months)

As of September 30,	317,240,346	As of March 31, 2021	324,240,346
2021	shares	shares
As of September 30,	46,766,366	As of March 31, 2021	43,363,670
2021	shares	shares
Six months ended	276,566,978	Six months ended	280,880,250
September 30, 2021	shares	September 30, 2020	shares

• These monetary outcomes are exempt from auditing by a licensed public accountant or an auditing firm.
• Clarification relating to applicable use of earnings forecasts and different particular notes

Ahead-looking statements on this report, together with earnings forecasts, are primarily based on assumptions about financial circumstances, market tendencies, and different elements on the time the report was printed. Precise outcomes might differ considerably on account of a wide range of elements.

For details about earnings forecasts, see the part titled, “1. Qualitative info on the consolidated outcomes for the second quarter (3) Clarification of the consolidated earnings forecasts and different projections,” on web page 4.

The DNP Group will maintain a outcomes briefing (convention name) for institutional traders and analysts on November 17, 2021. Supplies used on the briefing will likely be uploaded to the DNP web site at round 14:00 JST the identical day.

Contents
1. Qualitative info on the consolidated outcomes for the second quarter ………………	2
(1)	Clarification of the consolidated monetary outcomes………………………………………………..	2
(2)	Clarification of the consolidated monetary place………………………………………………	4
(3)	Clarification of the consolidated earnings forecasts and different projections …………..	4
2. Quarterly consolidated monetary statements and key notes ……………………………………..	5
(1)	Quarterly consolidated stability sheets ………………………………………………………………	5
(2)	Quarterly consolidated statements of revenue and quarterly consolidated
	statements of complete revenue………………………………………………………………..	7
	Quarterly consolidated statements of revenue
	First six months of the fiscal years …………………………………………………………………	7
	Quarterly consolidated statements of complete revenue
	First six months of the fiscal years …………………………………………………………………	8
(3)	Quarterly consolidated statements of money flows………………………………………………..	9
(4)	Notes relating to quarterly consolidated monetary statements …………………………….	11
	[Notes on premise of a going concern] …………………………………………………………….	11
	[Significant changes in shareholders’ equity]……………………………………………………	11
	[Changes in accounting policies]……………………………………………………………………..	11
	[Segment information, etc.] ……………………………………………………………………………..	12
	[Important subsequent events] ………………………………………………………………………..	13

－1－

1. Qualitative info on the consolidated outcomes for the second quarter

(1) Clarification of the consolidated monetary outcomes

Situations surrounding the DNP Group throughout the second quarter of the fiscal 12 months ending March 2022 had been affected by the novel coronavirus (COVID-19), with people’ lives, society and the economic system remaining topic to numerous restrictions. For instance, the state of emergency declared in July and the designation of precedence measures for stopping the unfold of the illness had been prolonged to the top of September. Then again, throughout the COVID-19 pandemic of the previous 12 months and a half, working types and life have modified at an accelerated tempo, and distance studying and on-line medical consultations have turn into extra widespread. Resulting from these adjustments and different elements just like the introduction of Fifth-generation cell communications (5G), demand for larger efficiency digital gadgets has additionally expanded. As well as, as individuals all over the world have gotten extra conscious of the necessity to scale back the burdens that people place on the worldwide setting, demand for eco-friendly services has expanded.

Amid these circumstances, the DNP Group labored to create the type of progressive worth that folks count on of it, in addition to to resolve social points in an effort to notice a greater, extra sustainable society and extra comfy life. By combining our distinctive strengths in printing and data (P&I) and forming deeper alliances with our many companions, we labored to construct a robust enterprise portfolio. Particularly, we designated “focus enterprise” areas the place we anticipate robust market progress and excessive profitability: the Web of Issues (IoT) & subsequent era communications, information distribution, mobility, and the setting. Along with prioritizing and optimizing administration sources in these focus areas, the DNP Group has taken on structural reforms aimed toward boosting competitiveness.

On account of these efforts, consolidated web gross sales for the primary six months grew 1.9% 12 months on 12 months to ¥657.1 billion, consolidated working revenue grew 75.5% to ¥30.Eight billion, consolidated atypical revenue grew 67.1% to ¥36.Four billion, and web revenue attributable to mum or dad firm shareholders grew 195.7% to ¥33.Eight billion.

Enterprise section outcomes are offered under.

[PRINTING]

Data Communication

Within the Data Innovation enterprise, a restoration in areas resembling catalogs and unsolicited mail promotions was offset by a decline in massive Enterprise Course of Outsourcing (BPO) tasks and a pause in progress in demand for sensible playing cards, significantly, Japan’s social safety and tax quantity (“My Quantity”) playing cards. Because of this, total gross sales within the Data Innovation enterprise declined.

Within the Imaging Communication enterprise, gross sales elevated on account of a restoration in demand for picture capturing and printing supplies and providers in US, the core market of this enterprise, pushed by progress with the COVID-19 vaccine rollout.

Within the Publishing enterprise, e-book gross sales remained agency, and gross sales elevated within the “honto” hybrid bookstore community, which handles each printed and digital books. Gross sales additionally benefited from regular progress within the variety of establishments outsourcing digital library providers and library operations, and a year-on-year enhance in e-book and different printing orders because the market recovered. Because of this, total gross sales within the Publishing enterprise elevated.

On account of the above, total section gross sales fell 2.2% 12 months on 12 months to ¥338.Eight billion on account of such elements as a decline in massive BPO tasks associated to authorities insurance policies in comparison with the earlier 12 months. Working revenue grew 52.8% to ¥9.7 billion, partly helped by efficient price construction reform.

Life-style and Industrial Provides

Within the Packaging enterprise, though prolonged authorities stay-at-home requests and exercise restrictions in response to the COVID-19 pandemic led to a decline in gross sales of business packaging supplies for souvenirs at vacationer locations and for restaurant use, total Packaging gross sales elevated as we labored arduous at growing and promoting DNP’s eco-friendly packaging merchandise and had been additionally helped by elevated gross sales of aseptic filling methods.

Within the Residing Areas enterprise, with the home and abroad vehicle markets and the home housing market on a restoration pattern, gross sales of ornamental movies for vehicle interiors and residential inside and exterior ornamental supplies elevated. As well as, because of increasing our lineup of antibacterial and antiviral merchandise as a approach of stopping an infection, total Residing Areas gross sales elevated.

Within the Excessive-Efficiency Industrial Provides enterprise, demand for battery pouches for lithium- ion batteries rose considerably on account of worldwide progress in demand for electrical autos in addition to elevated demand for tablets and smartphones pushed primarily by the unfold of teleworking. Total gross sales of Excessive-Efficiency Industrial Provides elevated.

On account of the above, total section gross sales grew 7.0% 12 months on 12 months to ¥191.1 billion and working revenue grew 116.4% 12 months on 12 months to ¥8.2 billion. These enhancements had been on account of progress within the Excessive-Efficiency Industrial Provides enterprise and in addition because of price reductions, a few of which resulted from optimization of producing methods undertaken as a part of structural reforms.

Electronics

Within the Show Parts enterprise, gross sales of optical movies for LCD shows utilized in televisions received a lift from elevated “nesting consumption (better demand for home-use merchandise as individuals spent extra time at house),” and gross sales of movies for pocket book PCs and screens had been additionally stable because of elements just like the unfold of teleworking and on-line studying. Gross sales of steel masks used within the manufacturing of natural light-emitting diode (OLED) shows had been additionally robust because of better demand for OLED shows for smartphones. Total, Show Parts gross sales elevated.

Within the Digital Gadgets enterprise, gross sales elevated because the accelerated digital transformation of corporations and native governments revved up the semiconductor market, sparking better demand for semiconductor photomasks and different merchandise used for communications, vehicular elements, and information facilities.

On account of the above, total section gross sales grew 9.2% 12 months on 12 months to ¥105.Three billion however working revenue grew 32.6% 12 months on 12 months to ¥23.7 billion as a result of enhance in gross sales.

[BEVERAGES] Drinks

We targeted on in-store and on-line gross sales of drinks in PET plastic bottles freed from labels, together with product title labels, in an effort to scale back the burden on the setting, and in response to adjustments in way of life brought on by the COVID-19 pandemic. In alcoholic drinks — a brand new space for the Firm — we expanded our lineup of “Lemondo” merchandise and launched a brand new alcoholic beverage referred to as “Nomel’s Exhausting Lemonade.” Nevertheless, the section was hit arduous by the extension of the federal government’s stay-at-home request and exercise restrictions and the ensuing large drop in gross sales at vacationer locations and eating places. Because of this, total section gross sales fell 5.6% 12 months on 12 months to ¥23.Zero billion . Though promoting and gross sales promotion bills elevated as we aimed to spice up gross sales, because of thorough price reductions we posted working revenue of ¥64 million, in comparison with an working lack of ¥100 million in the identical interval of the earlier 12 months.

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Disclaimer

Dai Nippon Printing Co. Ltd. printed this content material on 26 November 2021 and is solely liable for the data contained therein. Distributed by Public, unedited and unaltered, on 26 November 2021 11:49:06 UTC.

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All information about DAI NIPPON PRINTING CO., LTD.

Gross sales 2022 1 355 B 11 941 M 11 941 M Web revenue 2022 51 467 M 454 M 454 M Web Debt 2022 – – – P/E ratio 2022 13,9x Yield 2022 2,37%

Capitalization 728 B 6 418 M 6 413 M Capi. / Gross sales 2022 0,54x Capi. / Gross sales 2023 0,53x Nbr of Workers 37 062 Free-Float 75,2%

Chart DAI NIPPON PRINTING CO., LTD.

Length : Auto. 2 months Three months 6 months 9 months 1 12 months 2 years 5 years 10 years Max. Interval : Day Week

Technical evaluation tendencies DAI NIPPON PRINTING CO., LTD.

	Brief Time period	Mid-Time period	Lengthy Time period
Traits	Impartial	Bullish	Bullish

Revenue Assertion Evolution

Promote Purchase
Imply consensus	BUY
Variety of Analysts	2
Final Shut Value	2 704,00 JPY
Common goal value	3 310,00 JPY
Unfold / Common Goal	22,4%