Sun Messe Co.,Ltd.
7883・Standard Market・Other Products
Printing Business
Sun Messe's core business. Provides a diverse range of printing and information services centered on commercial printing.
| Period | Current | Previous | Change |
|---|---|---|---|
| Sales (FY2025, ended March 2025) | ¥15,961 million | ¥16,019 million | ↓ |
| Operating profit (FY2025, ended March 2025) | ¥123 million | ¥208 million | ↓ |
| Operating margin (FY2025, ended March 2025) | 0.77% | 1.30% | ↓ |
| Segment assets (FY2025, ended March 2025) | ¥19,230 million | ¥20,062 million | ↓ |
| Depreciation (FY2025, ended March 2025) | ¥667 million | ¥623 million | ↑ |
Business Details
Leveraging an integrated production system covering planning, design, prepress, printing, and bookbinding as its strength, this segment comprises eight categories: Commercial Printing, publication printing-related, Packaging Printing, IPS-related (Information Security Printing), BPO-related, Corporate Communications, information communication-related, and other specialty printing-related. It is handled by the Company, Sinc Inc., and Sun Messe (Thailand) Co., Ltd., and is the core segment accounting for approximately 97% of consolidated group sales. Amid a structural headwind of declining demand for paper media due to digital shift, the segment is pursuing a portfolio transformation toward higher value-added businesses.
Recent Overview
Cumulative Q3 sales were flat, but the segment fell into an operating loss due to large-scale building repair costs and other factors.
For the cumulative nine months of Q3 FY2026 (ending March 2026) (April to December 2025), sales in the Printing Business were ¥11,913 million (down 0.0% year on year). While Commercial Printing declined to ¥7,615 million (down 5.2% year on year), IPS-related grew to ¥1,575 million (up 10.4% year on year) and BPO-related grew significantly to ¥519 million (up 80.3% year on year). However, due to the occurrence of large-scale building repair costs and other factors, segment income deteriorated significantly to an operating loss of ¥2 million (compared to operating profit of ¥128 million in the same period of the prior year). There is no change to the full-year earnings forecast (sales of ¥17,190 million, operating margin of 1.0%).
Key Products
Growth Drivers
- Continued demand expansion for IPS-related (Information Security Printing) (up 6.1% year on year in FY2025 (ended March 2025), up 10.4% year on year in cumulative Q3)
- Growth in Packaging Printing (up 12.7% year on year in FY2025, ended March 2025)
- Recovery in BPO-related orders (up 80.3% year on year in cumulative Q3 FY2026, ending March 2026)
- Strengthening of the sustainability consulting business in Corporate Communications through the establishment of Sinc Inc.
- Cost reduction effects from lower outsourcing processing costs, leveraging the "single-company responsibility system through integrated in-house production"
Risks
- Structural and continuous decline in demand for paper media due to digital shift (significant impact given Commercial Printing accounts for approximately 67% of sales)
- Rising labor and logistics costs and difficulty in passing these on through pricing (selling, general and administrative expenses up 5.4% year on year in FY2025, ended March 2025)
- Pressure to review the production system due to labor shortages
- Cost increases due to yen depreciation and rising raw material prices (energy, material prices, and logistics costs remaining elevated)
- Occurrence of large-scale facility repair and renewal costs (building repair costs were the main cause of the operating loss in the cumulative nine months of Q3 FY2026, ending March 2026)
Last updated: June 23, 2026