DICDIC Corporation4631東証プライム化学FY ending Dec 2025, consolidated, J-GAAP

DIC FY ending Dec 2025 results

About 52% of DIC's sales come from Packaging and Graphic, with Functional Products and Color and Display making up much of the rest.

Out of every ¥100 of sales, about ¥5 is left as operating profit.

Revenue changed -1.8% from the prior year, operating profit +17.2%.

Revenue and profit pattern

Revenue down, profit up

Revenue -1.8% · profit +17.2%, calculated from disclosed figures.

Operating leverage: -9.75× (profit growth ÷ revenue growth)

What changed from last year

FY ending Dec 2024 → FY ending Dec 2025

Revenue: -1.8%¥1.07T → ¥1.05T
Gross profit: +2.6%¥222.2B → ¥228B
Operating income: +17.2%¥44.5B → ¥52.2B
Net income attributable to owners: +51.8%¥21.3B → ¥32.4B
Operating cash flow: +57.9%¥46.2B → ¥73B
Free cash flow: Back to profit-¥915M → ¥31B

Results at a glance

Revenue for the FY ending Dec 2025 came in at ¥1.05T, down -1.8% from ¥1.07T.
Profits moved the other way: operating income climbed +17.2% from ¥44.5B to ¥52.2B, and net income rose +51.8% from ¥21.3B to ¥32.4B.
Operating cash flow grew to ¥73B, and free cash flow turned positive at ¥31B after a negative prior year.

What drove the change

Higher-value products such as jet inks, epoxy resins and industrial tapes kept shipping well.
Price increases (including tariff pass-through), tight cost control and pigment restructuring in Europe and the US turned the overseas pigment business profitable.
Net income also got a lift from one-off gains, including the sale of stakes tied to its exit from liquid crystal materials and the sale of artworks.

Things to watch

A prolonged slump in Europe or China could cut demand sharply.
US-China tensions could bring higher tariffs or trade restrictions that raise costs quickly.
A sudden stronger yen would shrink overseas earnings in yen terms, and higher interest rates would raise interest costs.

Annual Securities Report (FY ending Dec 2025) / Management's analysis of financial position, results and cash flows · Annual Securities Report (FY ending Dec 2025) / Business risks

Where the money goes

FY ending Dec 2024 → FY ending Dec 2025

Where ¥100 of sales goes

For every ¥100 DIC sells, how much goes where, and how much is kept.

FY ending Dec 2025

Cost of sales: ¥78
SG&A: ¥17
Operating profit: ¥5
Net profit kept: ¥3

Annual margin trends

Gross margin21.7%

Operating margin5.0%

Net margin3.1%

Aligned fiscal years compare the shares of revenue remaining as gross, core, and net profit. Missing years are left unconnected.

Which businesses earn the money

Revenue by business segment, and the profit each one keeps.

FY ending Dec 2025

Packaging and Graphic¥549.7B
52%
Op. margin 5.7%Industry: Paints & Inks
Functional Products¥286.8B
27%
Op. margin 8.1%Industry: Chemicals
Color and Display¥215.2B
20%
Op. margin 2.3%Industry: Paints & Inks
Other¥524M
0%
Op. margin 48.5%

Profit by segment

※ Segment figures include inter-segment sales and do not sum to the company total

Sources

Show source documents (6)

EDINET (FSA Japan)
有価証券報告書－第128期(2025/01/01－2025/12/31)
ID S100XS2N2026-03-23Open
EDINET (FSA Japan)
有価証券報告書－第127期(2024/01/01－2024/12/31)
ID S100VH8S2025-03-27Open
EDINET (FSA Japan)
有価証券報告書－第126期(2023/01/01－2023/12/31)
ID S100T5HO2024-03-28Open
EDINET (FSA Japan)
有価証券報告書－第125期(2022/01/01－2022/12/31)
ID S100QH6R2023-03-29Open
EDINET (FSA Japan)
有価証券報告書－第124期(令和3年1月1日－令和3年12月31日)
ID S100NRJR2022-03-29Open
EDINET (FSA Japan)
有価証券報告書－第123期(令和2年1月1日－令和2年12月31日)
ID S100L2OV2021-03-30Open

Extracted from XBRL: 55 / Derived from other figures: 2

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