Anuncio • Dec 02
Daiken Corporation to Delist from Prime Section of Tokyo Stock Exchange Daiken Corporation will be delisted from prime section of Tokyo Stock Exchange effective from December 21, 2023. Delisting is due to Reverse stock split. New Risk • Nov 10
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.8% Last year net profit margin: 4.6% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.4% average weekly change). Profit margins are more than 30% lower than last year (1.8% net profit margin). Reported Earnings • Nov 10
Second quarter 2024 earnings released: EPS: JP¥42.98 (vs JP¥233 in 2Q 2023) Second quarter 2024 results: EPS: JP¥42.98 (down from JP¥233 in 2Q 2023). Revenue: JP¥54.3b (down 8.9% from 2Q 2023). Net income: JP¥1.12b (down 82% from 2Q 2023). Profit margin: 2.1% (down from 10% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 14% per year. Anuncio • Oct 12
ITOCHU Corporation (TSE:8001) completed the acquisition of 51.024636% stake in Daiken Corporation (TSE:7905). ITOCHU Corporation (TSE:8001) made a bid to acquire Daiken Corporation (TSE:7905) for ¥49.8 billion on August 10, 2023. ITOCHU Corporation will acquire Daiken Corporation at ¥3000 per share. The offer will close on October 10, 2023. The waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 had ended on August 25, 2023. Nakamura, Tsunoda & Matsumoto acted as legal advisor to Daiken, Daiwa Securities Co. Ltd. acted as financial advisor to Daiken and JPMorgan Securities Japan Co., Ltd. acted as financial advisor to Itochu.
ITOCHU Corporation (TSE:8001) completed the acquisition of 51.024636% stake in Daiken Corporation (TSE:7905) on October 10, 2023. Anuncio • Sep 27
Daiken Corporation to Report Q2, 2024 Results on Nov 09, 2023 Daiken Corporation announced that they will report Q2, 2024 results on Nov 09, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of JP¥60.00 per share at 3.9% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 08 December 2023. Payout ratio is a comfortable 33% but the company is not cash flow positive. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (2.2%). Valuation Update With 7 Day Price Move • Aug 17
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to JP¥3,025, the stock trades at a trailing P/E ratio of 9x. Average trailing P/E is 11x in the Forestry industry in Japan. Total returns to shareholders of 113% over the past three years. New Risk • Aug 15
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.3% average weekly change). Large one-off items impacting financial results. Reported Earnings • Aug 12
First quarter 2024 earnings released: EPS: JP¥7.13 (vs JP¥65.40 in 1Q 2023) First quarter 2024 results: EPS: JP¥7.13 (down from JP¥65.40 in 1Q 2023). Revenue: JP¥50.8b (down 16% from 1Q 2023). Net income: JP¥186.0m (down 89% from 1Q 2023). Profit margin: 0.4% (down from 2.8% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Anuncio • Jun 26
Daiken Corporation to Report Q1, 2024 Results on Aug 10, 2023 Daiken Corporation announced that they will report Q1, 2024 results on Aug 10, 2023 Reported Earnings • May 15
Full year 2023 earnings released: EPS: JP¥396 (vs JP¥302 in FY 2022) Full year 2023 results: EPS: JP¥396 (up from JP¥302 in FY 2022). Revenue: JP¥228.8b (up 2.4% from FY 2022). Net income: JP¥10.3b (up 31% from FY 2022). Profit margin: 4.5% (up from 3.5% in FY 2022). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Anuncio • May 13
Daiken Corporation, Annual General Meeting, Jun 23, 2023 Daiken Corporation, Annual General Meeting, Jun 23, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥60.00 per share at 4.5% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 27 June 2023. Payout ratio is a comfortable 26% but the company is paying out more than the cash it is generating. Trailing yield: 4.5%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.7%). Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: JP¥66.01 (vs JP¥71.19 in 3Q 2022) Third quarter 2023 results: EPS: JP¥66.01 (down from JP¥71.19 in 3Q 2022). Revenue: JP¥56.1b (down 3.5% from 3Q 2022). Net income: JP¥1.72b (down 7.2% from 3Q 2022). Profit margin: 3.1% (down from 3.2% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Anuncio • Dec 26
Daiken Corporation to Report Q3, 2023 Results on Feb 10, 2023 Daiken Corporation announced that they will report Q3, 2023 results on Feb 10, 2023 Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Outside Independent Director Shingo Ishizaki was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 13
Second quarter 2023 earnings released: EPS: JP¥233 (vs JP¥99.89 in 2Q 2022) Second quarter 2023 results: EPS: JP¥233 (up from JP¥99.89 in 2Q 2022). Revenue: JP¥59.6b (up 6.1% from 2Q 2022). Net income: JP¥6.07b (up 133% from 2Q 2022). Profit margin: 10% (up from 4.6% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Anuncio • Sep 28
Daiken Corporation to Report Q2, 2023 Results on Nov 11, 2022 Daiken Corporation announced that they will report Q2, 2023 results on Nov 11, 2022 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥50.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 08 December 2022. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 4.2%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.9%). Reported Earnings • Aug 12
First quarter 2023 earnings released: EPS: JP¥65.39 (vs JP¥89.54 in 1Q 2022) First quarter 2023 results: EPS: JP¥65.39 (down from JP¥89.54 in 1Q 2022). Revenue: JP¥60.7b (up 15% from 1Q 2022). Net income: JP¥1.70b (down 27% from 1Q 2022). Profit margin: 2.8% (down from 4.4% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 19
Full year 2022 earnings released: EPS: JP¥302 (vs JP¥216 in FY 2021) Full year 2022 results: EPS: JP¥302 (up from JP¥216 in FY 2021). Revenue: JP¥223.4b (up 12% from FY 2021). Net income: JP¥7.87b (up 40% from FY 2021). Profit margin: 3.5% (up from 2.8% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Anuncio • May 18
Daiken Corporation, Annual General Meeting, Jun 24, 2022 Daiken Corporation, Annual General Meeting, Jun 24, 2022. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Outside Independent Director Shingo Ishizaki was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Anuncio • Apr 08
Daiken Corporation to Report Fiscal Year 2022 Results on May 13, 2022 Daiken Corporation announced that they will report fiscal year 2022 results on May 13, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥55.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 28 June 2022. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 4.3%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (2.3%). Reported Earnings • Feb 12
Third quarter 2022 earnings: EPS and revenues exceed analyst expectations Third quarter 2022 results: EPS: JP¥71.19 (up from JP¥68.54 in 3Q 2021). Revenue: JP¥58.1b (up 7.9% from 3Q 2021). Net income: JP¥1.86b (up 3.9% from 3Q 2021). Profit margin: 3.2% (down from 3.3% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 14%. Earnings per share (EPS) also surpassed analyst estimates by 87%. Over the next year, revenue is expected to shrink by 5.1% compared to a 2.1% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 15
Second quarter 2022 earnings released: EPS JP¥99.89 (vs JP¥62.24 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥56.1b (up 14% from 2Q 2021). Net income: JP¥2.60b (up 61% from 2Q 2021). Profit margin: 4.6% (up from 3.3% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥45.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 08 December 2021. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (2.1%). Reported Earnings • Aug 11
First quarter 2022 earnings released: EPS JP¥89.54 (vs JP¥14.02 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥52.9b (up 22% from 1Q 2021). Net income: JP¥2.33b (up JP¥1.97b from 1Q 2021). Profit margin: 4.4% (up from 0.8% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 3% per year. Anuncio • May 29
Hokushin Co., Ltd. (TSE:7897) acquired the remaining 51% stake in C&H K.K. from Daiken Corporation (TSE:7905) for ¥51 million. Hokushin Co., Ltd. (TSE:7897) agreed to acquire the remaining 51% stake in C&H K.K. from Daiken Corporation (TSE:7905) for ¥51 million on March 26, 2021. Hokushin Co., Ltd. entered in to the contract to acquire the remaining 51% stake in C&H K.K. from Daiken Corporation on March 31, 2021. Hokushin Co., Ltd will acquire million common stock in C&H K.K.
Hokushin Co., Ltd. (TSE:7897) completed the acquisition of the remaining 51% stake in C&H K.K. from Daiken Corporation (TSE:7905) on March 31, 2021. Reported Earnings • May 17
Full year 2021 earnings released: EPS JP¥216 (vs JP¥209 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥199.2b (down 1.6% from FY 2020). Net income: JP¥5.62b (up 3.2% from FY 2020). Profit margin: 2.8% (up from 2.7% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 9% per year, which means it is performing significantly worse than earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 29 June 2021. Trailing yield: 2.7%. Within top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.8%). Is New 90 Day High Low • Mar 02
New 90-day high: JP¥2,086 The company is up 6.0% from its price of JP¥1,976 on 02 December 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Forestry industry, which is up 27% over the same period. Reported Earnings • Feb 12
Third quarter 2021 earnings released: EPS JP¥68.53 (vs JP¥71.92 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: JP¥53.9b (up 2.9% from 3Q 2020). Net income: JP¥1.79b (down 4.6% from 3Q 2020). Profit margin: 3.3% (down from 3.6% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year and the company’s share price has also fallen by 8% per year. Is New 90 Day High Low • Jan 19
New 90-day low: JP¥1,660 The company is down 15% from its price of JP¥1,953 on 21 October 2020. The Japanese market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Forestry industry, which is up 25% over the same period. Is New 90 Day High Low • Dec 30
New 90-day low: JP¥1,752 The company is down 4.0% from its price of JP¥1,833 on 30 September 2020. The Japanese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Forestry industry, which is up 17% over the same period. Anuncio • Dec 27
Daiken Corporation to Report Q3, 2021 Results on Feb 10, 2021 Daiken Corporation announced that they will report Q3, 2021 results on Feb 10, 2021 Anuncio • Oct 10
Daiken Corporation to Report Q2, 2021 Results on Nov 06, 2020 Daiken Corporation announced that they will report Q2, 2021 results on Nov 06, 2020