New Risk • Jun 23
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 7.0% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.0% average weekly change). Price Target Changed • Jun 19
Price target increased by 25% to JP¥1,936 Up from JP¥1,552, the current price target is an average from 5 analysts. New target price is 26% below last closing price of JP¥2,624. Stock is up 169% over the past year. The company is forecast to post earnings per share of JP¥149 for next year compared to JP¥162 last year. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥2,460, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 11x in the Metals and Mining industry in Japan. Total returns to shareholders of 143% over the past three years. Annonce • May 22
Daido Steel Co., Ltd. to Report Q1, 2027 Results on Jul 28, 2026 Daido Steel Co., Ltd. announced that they will report Q1, 2027 results on Jul 28, 2026 Reported Earnings • May 20
Full year 2026 earnings: EPS exceeds analyst expectations Full year 2026 results: EPS: JP¥162 (up from JP¥135 in FY 2025). Revenue: JP¥578.1b (flat on FY 2025). Net income: JP¥32.6b (up 15% from FY 2025). Profit margin: 5.6% (up from 4.9% in FY 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 28%. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Metals and Mining industry in Japan. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Annonce • May 16
Daido Steel Co., Ltd., Annual General Meeting, Jun 25, 2026 Daido Steel Co., Ltd., Annual General Meeting, Jun 25, 2026. Annonce • May 09
Daido Steel Co., Ltd. to Report Fiscal Year 2026 Results on May 15, 2026 Daido Steel Co., Ltd. announced that they will report fiscal year 2026 results on May 15, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥27.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 26 June 2026. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (2.5%). Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥1,955, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 14x in the Metals and Mining industry in Japan. Total returns to shareholders of 101% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,118 per share. New Risk • Mar 03
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 5.6% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.6% average weekly change). Reported Earnings • Jan 30
Third quarter 2026 earnings released: EPS: JP¥44.18 (vs JP¥52.59 in 3Q 2025) Third quarter 2026 results: EPS: JP¥44.18 (down from JP¥52.59 in 3Q 2025). Revenue: JP¥145.7b (down 3.2% from 3Q 2025). Net income: JP¥8.83b (down 20% from 3Q 2025). Profit margin: 6.1% (down from 7.3% in 3Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Metals and Mining industry in Japan. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jan 09
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥1,878, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 14x in the Metals and Mining industry in Japan. Total returns to shareholders of 131% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,016 per share. Declared Dividend • Dec 06
First half dividend of JP¥27.00 announced Shareholders will receive a dividend of JP¥27.00. Ex-date: 30th March 2026 Payment date: 26th June 2026 Dividend yield will be 3.1%, which is lower than the industry average of 3.4%. Sustainability & Growth Dividend is well covered by both earnings (18% earnings payout ratio) and cash flows (40% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 13% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annonce • Nov 29
Daido Steel Co., Ltd. to Report Q3, 2026 Results on Jan 29, 2026 Daido Steel Co., Ltd. announced that they will report Q3, 2026 results on Jan 29, 2026 Price Target Changed • Nov 28
Price target increased by 11% to JP¥1,343 Up from JP¥1,213, the current price target is an average from 4 analysts. New target price is 15% below last closing price of JP¥1,587. Stock is up 35% over the past year. The company is forecast to post earnings per share of JP¥124 for next year compared to JP¥135 last year. Reported Earnings • Oct 31
Second quarter 2026 earnings released: EPS: JP¥32.47 (vs JP¥25.22 in 2Q 2025) Second quarter 2026 results: EPS: JP¥32.47 (up from JP¥25.22 in 2Q 2025). Revenue: JP¥142.1b (flat on 2Q 2025). Net income: JP¥6.52b (up 21% from 2Q 2025). Profit margin: 4.6% (up from 3.8% in 2Q 2025). Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Metals and Mining industry in Japan. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Oct 22
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 32% to JP¥1,400. The fair value is estimated to be JP¥1,120, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 5.1%. For the next 3 years, revenue is forecast to grow by 2.6% per annum. Earnings are also forecast to grow by 4.7% per annum over the same time period. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥16.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 05 December 2025. Payout ratio is a comfortable 35% and the cash payout ratio is 79%. Trailing yield: 3.5%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (3.2%). Price Target Changed • Sep 01
Price target increased by 13% to JP¥1,213 Up from JP¥1,075, the current price target is an average from 4 analysts. New target price is 6.0% below last closing price of JP¥1,290. Stock is down 11% over the past year. The company is forecast to post earnings per share of JP¥114 for next year compared to JP¥135 last year. Annonce • Aug 14
Daido Steel Co., Ltd. to Report Q2, 2026 Results on Oct 30, 2025 Daido Steel Co., Ltd. announced that they will report Q2, 2026 results on Oct 30, 2025 Reported Earnings • Jul 30
First quarter 2026 earnings released: EPS: JP¥31.17 (vs JP¥31.79 in 1Q 2025) First quarter 2026 results: EPS: JP¥31.17 (down from JP¥31.79 in 1Q 2025). Revenue: JP¥142.4b (flat on 1Q 2025). Net income: JP¥6.42b (down 5.3% from 1Q 2025). Profit margin: 4.5% (down from 4.8% in 1Q 2025). Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Metals and Mining industry in Japan. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Jul 29
Now 27% overvalued after recent price rise Over the last 90 days, the stock has risen 10% to JP¥1,183. The fair value is estimated to be JP¥934, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 2.5%. For the next 3 years, revenue is forecast to grow by 2.3% per annum. Earnings are also forecast to grow by 3.4% per annum over the same time period. Annonce • Jul 28
Daido Steel Co., Ltd. (TSE:5471) announces an Equity Buyback for 6,500,000 shares, representing 3.15% for ¥7,104.5 million. Daido Steel Co., Ltd. (TSE:5471) announces a share repurchase program. Under the program, the company will repurchase up to 6,500,000 shares, representing 3.15% of its issued share capital, for ¥ 7,104.5 million. The shares will be repurchased at ¥1,093 per share. The purpose of the program is to enhance capital efficiency and respond to changes in the business environment, as well as expanding shareholder returns. As of June 30, 2025, there are 206,281,450 outstanding shares (excluding treasury stock) and 10,962,395 treasury shares. Declared Dividend • Jul 20
Final dividend of JP¥16.00 announced Shareholders will receive a dividend of JP¥16.00. Ex-date: 29th September 2025 Payment date: 5th December 2025 Dividend yield will be 4.2%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is covered by both earnings (35% earnings payout ratio) and cash flows (81% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 12% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Major Estimate Revision • Jul 10
Consensus EPS estimates fall by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from JP¥586.1b to JP¥578.4b. EPS estimate also fell from JP¥121 per share to JP¥106 per share. Net income forecast to shrink 19% next year vs 3.4% decline forecast for Metals and Mining industry in Japan. Consensus price target down from JP¥1,116 to JP¥1,075. Share price was steady at JP¥995 over the past week. Buy Or Sell Opportunity • Jul 07
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.3% to JP¥971. The fair value is estimated to be JP¥1,247, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 2.5%. For the next 3 years, revenue is forecast to grow by 1.9% per annum. Earnings are also forecast to grow by 3.2% per annum over the same time period. Reported Earnings • Jun 27
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: JP¥135 (down from JP¥143 in FY 2024). Revenue: JP¥574.9b (flat on FY 2024). Net income: JP¥28.3b (down 7.3% from FY 2024). Profit margin: 4.9% (down from 5.3% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 7.8%. Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Metals and Mining industry in Japan. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Major Estimate Revision • Jun 25
Consensus EPS estimates fall by 16% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from JP¥143 to JP¥121. Revenue forecast unchanged from JP¥586.1b at last update. Net income forecast to shrink 11% next year vs 0.1% growth forecast for Metals and Mining industry in Japan . Consensus price target down from JP¥1,351 to JP¥1,116. Share price fell 3.5% to JP¥974 over the past week. Price Target Changed • Jun 25
Price target decreased by 17% to JP¥1,116 Down from JP¥1,351, the current price target is an average from 4 analysts. New target price is 15% above last closing price of JP¥974. Stock is down 35% over the past year. The company is forecast to post earnings per share of JP¥121 for next year compared to JP¥135 last year. Annonce • May 29
Daido Steel Co., Ltd. to Report Q1, 2026 Results on Jul 28, 2025 Daido Steel Co., Ltd. announced that they will report Q1, 2026 results on Jul 28, 2025 Reported Earnings • May 09
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: JP¥135 (down from JP¥143 in FY 2024). Revenue: JP¥574.9b (flat on FY 2024). Net income: JP¥28.3b (down 7.3% from FY 2024). Profit margin: 4.9% (down from 5.3% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 7.8%. Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Japan are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Annonce • May 08
Daido Steel Co., Ltd., Annual General Meeting, Jun 25, 2025 Daido Steel Co., Ltd., Annual General Meeting, Jun 25, 2025. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥1,048, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 8x in the Metals and Mining industry in Japan. Total returns to shareholders of 67% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,966 per share. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥26.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 27 June 2025. Payout ratio is a comfortable 40% but the company is paying out more than the cash it is generating. Trailing yield: 3.6%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (4.1%). Annonce • Feb 28
Daido Steel Co., Ltd. to Report Fiscal Year 2025 Results on May 08, 2025 Daido Steel Co., Ltd. announced that they will report fiscal year 2025 results on May 08, 2025 Reported Earnings • Feb 01
Third quarter 2025 earnings released: EPS: JP¥52.59 (vs JP¥43.51 in 3Q 2024) Third quarter 2025 results: EPS: JP¥52.59 (up from JP¥43.51 in 3Q 2024). Revenue: JP¥150.5b (flat on 3Q 2024). Net income: JP¥11.0b (up 19% from 3Q 2024). Profit margin: 7.3% (up from 6.2% in 3Q 2024). Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 1.5% growth forecast for the Metals and Mining industry in Japan. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Dec 06
First half dividend of JP¥26.00 announced Shareholders will receive a dividend of JP¥26.00. Ex-date: 28th March 2025 Payment date: 27th June 2025 Dividend yield will be 4.1%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is covered by earnings (18% earnings payout ratio) but not covered by cash flows (143% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 12% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annonce • Nov 29
Daido Steel Co., Ltd. to Report Q3, 2025 Results on Jan 31, 2025 Daido Steel Co., Ltd. announced that they will report Q3, 2025 results on Jan 31, 2025 Annonce • Nov 27
Daido Steel Co., Ltd. (TSE:5471) announces an Equity Buyback for 7,500,000 shares, representing 3.51% for ¥8,613.75 million. Daido Steel Co., Ltd. (TSE:5471) announces a share repurchase program. Under the program, the company will repurchase up to 7,500,000 shares, representing 3.51% of its issued share capital, for ¥ 8,613.75 million. The shares will be repurchased at ¥ 1,148.5 per share. The purpose of the program is to enhance capital efficiency and respond to changes in the business environment, as well as expanding shareholder returns. As of September 30, 2024, there are 213,681,295 outstanding shares (excluding treasury stock) and 3,562,550 treasury shares. Price Target Changed • Nov 06
Price target decreased by 7.9% to JP¥1,554 Down from JP¥1,688, the current price target is an average from 4 analysts. New target price is 31% above last closing price of JP¥1,182. Stock is down 1.4% over the past year. The company is forecast to post earnings per share of JP¥155 for next year compared to JP¥143 last year. Reported Earnings • Nov 01
Second quarter 2025 earnings released: EPS: JP¥25.22 (vs JP¥24.16 in 2Q 2024) Second quarter 2025 results: EPS: JP¥25.22 (up from JP¥24.16 in 2Q 2024). Revenue: JP¥141.3b (down 3.6% from 2Q 2024). Net income: JP¥5.38b (up 4.4% from 2Q 2024). Profit margin: 3.8% (up from 3.5% in 2Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Metals and Mining industry in Japan. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 12% per year. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥21.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 05 December 2024. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (4.3%). Annonce • Aug 17
Daido Steel Co., Ltd. to Report Q2, 2025 Results on Oct 30, 2024 Daido Steel Co., Ltd. announced that they will report Q2, 2025 results on Oct 30, 2024 New Risk • Aug 05
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 6.2% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.2% average weekly change). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to JP¥1,122, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 8x in the Metals and Mining industry in Japan. Total returns to shareholders of 25% over the past three years. Reported Earnings • Jul 31
First quarter 2025 earnings released: EPS: JP¥31.79 (vs JP¥29.63 in 1Q 2024) First quarter 2025 results: EPS: JP¥31.79 (up from JP¥29.63 in 1Q 2024). Revenue: JP¥142.1b (flat on 1Q 2024). Net income: JP¥6.78b (up 7.3% from 1Q 2024). Profit margin: 4.8% (up from 4.4% in 1Q 2024). Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Metals and Mining industry in Japan. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 14% per year. Declared Dividend • Jul 11
Final dividend of JP¥21.00 announced Shareholders will receive a dividend of JP¥21.00. Ex-date: 27th September 2024 Payment date: 5th December 2024 Dividend yield will be 3.2%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (34% earnings payout ratio) and cash flows (56% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 14% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annonce • Jun 02
Daido Steel Co., Ltd. to Report Q1, 2025 Results on Jul 29, 2024 Daido Steel Co., Ltd. announced that they will report Q1, 2025 results on Jul 29, 2024 Reported Earnings • May 13
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: JP¥233 (up from JP¥171 in FY 2023). Revenue: JP¥581.3b (flat on FY 2023). Net income: JP¥49.8b (up 37% from FY 2023). Profit margin: 8.6% (up from 6.3% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 56%. Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Metals and Mining industry in Japan. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Annonce • May 12
Daido Steel Co., Ltd., Annual General Meeting, Jun 26, 2024 Daido Steel Co., Ltd., Annual General Meeting, Jun 26, 2024. Annonce • Mar 28
Daido Steel Co., Ltd. to Report Fiscal Year 2024 Results on May 10, 2024 Daido Steel Co., Ltd. announced that they will report fiscal year 2024 results on May 10, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥26.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 28 June 2024. Payout ratio is on the higher end at 93%, however this is supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (3.5%). Price Target Changed • Feb 16
Price target increased by 9.6% to JP¥1,602 Up from JP¥1,462, the current price target is an average from 5 analysts. New target price is 6.9% below last closing price of JP¥1,721. Stock is up 67% over the past year. The company is forecast to post earnings per share of JP¥150 for next year compared to JP¥171 last year. Reported Earnings • Feb 02
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: JP¥149.8b (down 2.0% from 3Q 2023). Net income: JP¥9.27b (down 6.3% from 3Q 2023). Profit margin: 6.2% (down from 6.5% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 1.0% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Metals and Mining industry in Japan. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Annonce • Dec 01
Daido Steel Co., Ltd. to Report Q3, 2024 Results on Jan 31, 2024 Daido Steel Co., Ltd. announced that they will report Q3, 2024 results on Jan 31, 2024 Price Target Changed • Nov 21
Price target increased by 8.5% to JP¥6,860 Up from JP¥6,320, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of JP¥6,616. Stock is up 51% over the past year. The company is forecast to post earnings per share of JP¥728 for next year compared to JP¥855 last year. Reported Earnings • Nov 01
Second quarter 2024 earnings released: EPS: JP¥121 (vs JP¥198 in 2Q 2023) Second quarter 2024 results: EPS: JP¥121 (down from JP¥198 in 2Q 2023). Revenue: JP¥146.7b (up 1.7% from 2Q 2023). Net income: JP¥5.15b (down 39% from 2Q 2023). Profit margin: 3.5% (down from 5.9% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 1.3% growth forecast for the Metals and Mining industry in Japan. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Oct 19
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 2.9%. The fair value is estimated to be JP¥7,376, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 2.0% per annum. Earnings is also forecast to grow by 1.8% per annum over the same time period. Buying Opportunity • Oct 04
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 6.3%. The fair value is estimated to be JP¥7,105, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 2.0% per annum. Earnings is also forecast to grow by 1.8% per annum over the same time period. Annonce • Sep 28
Daido Steel Co., Ltd. to Report Q2, 2024 Results on Oct 30, 2023 Daido Steel Co., Ltd. announced that they will report Q2, 2024 results on Oct 30, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of JP¥100.00 per share at 3.6% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 05 December 2023. Payout ratio is a comfortable 30% but the company is paying out more than the cash it is generating. Trailing yield: 3.6%. Within top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (3.2%). Buying Opportunity • Aug 09
Now 20% undervalued Over the last 90 days, the stock is up 12%. The fair value is estimated to be JP¥7,275, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 1.4% per annum. Earnings is also forecast to grow by 2.3% per annum over the same time period. Price Target Changed • Jul 31
Price target increased by 10% to JP¥5,960 Up from JP¥5,394, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of JP¥6,085. Stock is up 53% over the past year. The company is forecast to post earnings per share of JP¥722 for next year compared to JP¥855 last year. Reported Earnings • Jul 30
First quarter 2024 earnings released: EPS: JP¥148 (vs JP¥231 in 1Q 2023) First quarter 2024 results: EPS: JP¥148 (down from JP¥231 in 1Q 2023). Revenue: JP¥141.9b (up 3.1% from 1Q 2023). Net income: JP¥6.32b (down 36% from 1Q 2023). Profit margin: 4.4% (down from 7.2% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 1.1% growth forecast for the Metals and Mining industry in Japan. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Jun 15
Now 21% undervalued Over the last 90 days, the stock is up 11%. The fair value is estimated to be JP¥7,148, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 73%. For the next 3 years, revenue is forecast to grow by 1.1% per annum. Earnings is also forecast to grow by 0.5% per annum over the same time period. Annonce • May 28
Daido Steel Co., Ltd. to Report Q1, 2024 Results on Jul 28, 2023 Daido Steel Co., Ltd. announced that they will report Q1, 2024 results on Jul 28, 2023 Reported Earnings • Apr 29
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: JP¥855 (up from JP¥631 in FY 2022). Revenue: JP¥578.6b (up 9.2% from FY 2022). Net income: JP¥36.4b (up 36% from FY 2022). Profit margin: 6.3% (up from 5.1% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 14%. Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Japan are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Apr 21
Now 20% undervalued Over the last 90 days, the stock is up 17%. The fair value is estimated to be JP¥6,654, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.7% over the last 3 years. Earnings per share has grown by 59%. For the next 3 years, revenue is forecast to grow by 1.2% per annum. Earnings is also forecast to grow by 1.0% per annum over the same time period. Price Target Changed • Apr 04
Price target increased by 11% to JP¥5,134 Up from JP¥4,644, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of JP¥5,190. Stock is up 43% over the past year. The company is forecast to post earnings per share of JP¥752 for next year compared to JP¥631 last year. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥100.00 per share at 3.9% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 27 June 2023. Payout ratio is a comfortable 13% but the company is not cash flow positive. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (4.6%). Buying Opportunity • Mar 08
Now 20% undervalued Over the last 90 days, the stock is up 23%. The fair value is estimated to be JP¥6,946, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.7% over the last 3 years. Earnings per share has grown by 59%. For the next 3 years, revenue is forecast to grow by 0.2% per annum. Earnings is also forecast to grow by 1.1% per annum over the same time period. Price Target Changed • Feb 01
Price target increased by 7.4% to JP¥4,520 Up from JP¥4,210, the current price target is an average from 5 analysts. New target price is 7.6% below last closing price of JP¥4,890. Stock is up 12% over the past year. The company is forecast to post earnings per share of JP¥726 for next year compared to JP¥631 last year.