For the year ended 31 March in Japan, net profit slipped to Y455 million from Y458 million, while revenue rose to Y27.49 billion from Y26.24 billion.
Operating profit increased to Y680 million from Y656 million, but pretax profit edged down to Y666 million from Y673 million and earnings per share fell to Y47.15 from Y47.48.
Daisho forecast a year-end dividend of Y12, lifting the annual payout to Y21 from Y18, with results prepared under Japanese accounting standards.
With profits falling, is Daisho's dividend hike a sign of true confidence or a risky gamble?
Revenue is up but profit is down. Is Japan's weak yen creating a corporate profit mirage?
As real wages fall across Japan, can companies keep growing without sacrificing their profits?