New Risk • 12h
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: 2.5% Last year net profit margin: 5.2% 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. Profit margins are more than 30% lower than last year (2.5% net profit margin). Market cap is less than US$100m (JP¥14.3b market cap, or US$90.0m). Annuncio • Aug 07
DN Holdings Co.,Ltd., Annual General Meeting, Sep 29, 2026 DN Holdings Co.,Ltd., Annual General Meeting, Sep 29, 2026. Upcoming Dividend • Jun 22
Upcoming dividend of JP¥75.00 per share Eligible shareholders must have bought the stock before 29 June 2026. Payment date: 29 September 2026. Payout ratio is a comfortable 35% but the company is not cash flow positive. Trailing yield: 4.1%. Within top quartile of Japanese dividend payers (3.9%). Higher than average of industry peers (2.8%). Annuncio • Jun 03
DN Holdings Co.,Ltd. to Report Fiscal Year 2026 Results on Aug 07, 2026 DN Holdings Co.,Ltd. announced that they will report fiscal year 2026 results on Aug 07, 2026 Reported Earnings • May 20
Third quarter 2026 earnings released: EPS: JP¥149 (vs JP¥113 in 3Q 2025) Third quarter 2026 results: EPS: JP¥149 (up from JP¥113 in 3Q 2025). Revenue: JP¥11.7b (up 14% from 3Q 2025). Net income: JP¥1.22b (up 33% from 3Q 2025). Profit margin: 10% (up from 9.0% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 11% per year. Declared Dividend • Apr 11
Dividend reduced to JP¥75.00 Dividend of JP¥75.00 is 6.3% lower than last year. Ex-date: 29th June 2026 Payment date: 29th September 2026 Dividend yield will be 3.9%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by earnings (42% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 24% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 1.8% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Annuncio • Apr 10
DN Holdings Co.,Ltd. announces Annual dividend, payable on September 29, 2026 DN Holdings Co.,Ltd. announced Annual dividend of JPY 75.0000 per share payable on September 29, 2026, ex-date on June 29, 2026 and record date on June 30, 2026. New Risk • Mar 04
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥15.7b (US$99.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (5.1% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (4.2% net profit margin). Market cap is less than US$100m (JP¥15.7b market cap, or US$99.9m). New Risk • Feb 18
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 5.1% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (5.1% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (4.2% net profit margin). Reported Earnings • Feb 16
Second quarter 2026 earnings released: EPS: JP¥55.78 (vs JP¥88.47 in 2Q 2025) Second quarter 2026 results: EPS: JP¥55.78 (down from JP¥88.47 in 2Q 2025). Revenue: JP¥9.78b (down 2.0% from 2Q 2025). Net income: JP¥457.0m (down 36% from 2Q 2025). Profit margin: 4.7% (down from 7.2% in 2Q 2025). 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 16% per year. Annuncio • Dec 03
DN Holdings Co.,Ltd. to Report Q2, 2026 Results on Feb 13, 2026 DN Holdings Co.,Ltd. announced that they will report Q2, 2026 results on Feb 13, 2026 Reported Earnings • Nov 18
First quarter 2026 earnings released: JP¥25.12 loss per share (vs JP¥13.71 loss in 1Q 2025) First quarter 2026 results: JP¥25.12 loss per share (further deteriorated from JP¥13.71 loss in 1Q 2025). Revenue: JP¥7.72b (up 3.6% from 1Q 2025). Net loss: JP¥205.0m (loss widened 85% from 1Q 2025). 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 16% per year. Annuncio • Sep 09
DN Holdings Co.,Ltd. to Report Q1, 2026 Results on Nov 14, 2025 DN Holdings Co.,Ltd. announced that they will report Q1, 2026 results on Nov 14, 2025 Reported Earnings • Aug 11
Full year 2025 earnings released: EPS: JP¥236 (vs JP¥193 in FY 2024) Full year 2025 results: EPS: JP¥236 (up from JP¥193 in FY 2024). Revenue: JP¥37.0b (up 8.3% from FY 2024). Net income: JP¥1.92b (up 23% from FY 2024). Profit margin: 5.2% (up from 4.6% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Aug 08
DN Holdings Co.,Ltd., Annual General Meeting, Sep 26, 2025 DN Holdings Co.,Ltd., Annual General Meeting, Sep 26, 2025. Upcoming Dividend • Jun 20
Upcoming dividend of JP¥70.00 per share Eligible shareholders must have bought the stock before 27 June 2025. Payment date: 30 September 2025. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (4.0%). Lower than average of industry peers (3.4%). Annuncio • Jun 18
DN Holdings Co.,Ltd. to Report Fiscal Year 2025 Results on Aug 08, 2025 DN Holdings Co.,Ltd. announced that they will report fiscal year 2025 results on Aug 08, 2025 Buy Or Sell Opportunity • May 26
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 13% to JP¥2,106. The fair value is estimated to be JP¥1,733, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.5% over the last 3 years. Earnings per share has grown by 12%. Reported Earnings • May 21
Third quarter 2025 earnings released: EPS: JP¥113 (vs JP¥118 in 3Q 2024) Third quarter 2025 results: EPS: JP¥113 (down from JP¥118 in 3Q 2024). Revenue: JP¥10.3b (up 5.7% from 3Q 2024). Net income: JP¥922.0m (down 3.9% from 3Q 2024). Profit margin: 9.0% (in line with 3Q 2024). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Mar 01
DN Holdings Co.,Ltd. to Report Q3, 2025 Results on May 15, 2025 DN Holdings Co.,Ltd. announced that they will report Q3, 2025 results on May 15, 2025 Reported Earnings • Feb 16
Second quarter 2025 earnings released: EPS: JP¥88.45 (vs JP¥6.94 loss in 2Q 2024) Second quarter 2025 results: EPS: JP¥88.45 (up from JP¥6.94 loss in 2Q 2024). Revenue: JP¥9.99b (up 18% from 2Q 2024). Net income: JP¥719.0m (up JP¥775.0m from 2Q 2024). Profit margin: 7.2% (up from net loss in 2Q 2024). The move to profitability was driven by higher revenue. Annuncio • Jan 03
DN Holdings Co.,Ltd. to Report Q2, 2025 Results on Feb 14, 2025 DN Holdings Co.,Ltd. announced that they will report Q2, 2025 results on Feb 14, 2025 Reported Earnings • Oct 03
Full year 2024 earnings released: EPS: JP¥193 (vs JP¥219 in FY 2023) Full year 2024 results: EPS: JP¥193 (down from JP¥219 in FY 2023). Revenue: JP¥34.1b (up 4.8% from FY 2023). Net income: JP¥1.56b (down 11% from FY 2023). Profit margin: 4.6% (down from 5.4% in FY 2023). The decrease in margin was driven by higher expenses. Annuncio • Aug 27
DN Holdings Co.,Ltd. to Report Q1, 2025 Results on Nov 14, 2024 DN Holdings Co.,Ltd. announced that they will report Q1, 2025 results on Nov 14, 2024 Reported Earnings • Aug 14
Full year 2024 earnings released: EPS: JP¥193 (vs JP¥219 in FY 2023) Full year 2024 results: EPS: JP¥193 (down from JP¥219 in FY 2023). Revenue: JP¥34.1b (up 4.8% from FY 2023). Net income: JP¥1.56b (down 11% from FY 2023). Profit margin: 4.6% (down from 5.4% in FY 2023). The decrease in margin was driven by higher expenses. Annuncio • Aug 09
DN Holdings Co.,Ltd., Annual General Meeting, Sep 27, 2024 DN Holdings Co.,Ltd., Annual General Meeting, Sep 27, 2024. Buy Or Sell Opportunity • Aug 06
Now 29% overvalued Over the last 90 days, the stock has fallen 9.6% to JP¥1,449. The fair value is estimated to be JP¥1,122, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has declined by 10.0%. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to JP¥1,251, the stock trades at a trailing P/E ratio of 11.4x. Average trailing P/E is 11x in the Construction industry in Japan. Total returns to shareholders of 18% over the past three years. Annuncio • Jun 28
DN Holdings Co.,Ltd. to Report Fiscal Year 2024 Results on Aug 09, 2024 DN Holdings Co.,Ltd. announced that they will report fiscal year 2024 results on Aug 09, 2024 Upcoming Dividend • Jun 20
Upcoming dividend of JP¥65.00 per share Eligible shareholders must have bought the stock before 27 June 2024. Payment date: 30 September 2024. Payout ratio is a comfortable 55% but the company is not cash flow positive. Trailing yield: 3.7%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (3.3%). Reported Earnings • May 21
Third quarter 2024 earnings released: EPS: JP¥118 (vs JP¥116 in 3Q 2023) Third quarter 2024 results: EPS: JP¥118 (up from JP¥116 in 3Q 2023). Revenue: JP¥9.75b (flat on 3Q 2023). Net income: JP¥959.0m (up 2.5% from 3Q 2023). Profit margin: 9.8% (in line with 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Annuncio • Feb 29
DN Holdings Co.,Ltd. to Report Q3, 2024 Results on May 15, 2024 DN Holdings Co.,Ltd. announced that they will report Q3, 2024 results on May 15, 2024 Reported Earnings • Feb 17
Second quarter 2024 earnings released: JP¥6.94 loss per share (vs JP¥43.23 profit in 2Q 2023) Second quarter 2024 results: JP¥6.94 loss per share (down from JP¥43.23 profit in 2Q 2023). Revenue: JP¥8.49b (up 5.4% from 2Q 2023). Net loss: JP¥56.0m (down 116% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Annuncio • Nov 24
DN Holdings Co.,Ltd. to Report Q2, 2024 Results on Feb 14, 2024 DN Holdings Co.,Ltd. announced that they will report Q2, 2024 results on Feb 14, 2024 Annuncio • Sep 28
DN Holdings Co.,Ltd. to Report Q1, 2024 Results on Nov 14, 2023 DN Holdings Co.,Ltd. announced that they will report Q1, 2024 results on Nov 14, 2023 Reported Earnings • Aug 12
Full year 2023 earnings released: EPS: JP¥219 (vs JP¥188 in FY 2022) Full year 2023 results: EPS: JP¥219 (up from JP¥188 in FY 2022). Revenue: JP¥32.6b (up 1.5% from FY 2022). Net income: JP¥1.76b (up 17% from FY 2022). Profit margin: 5.4% (up from 4.7% in FY 2022). Annuncio • Aug 12
DN Holdings Co.,Ltd., Annual General Meeting, Sep 28, 2023 DN Holdings Co.,Ltd., Annual General Meeting, Sep 28, 2023. Annuncio • Jun 28
DN Holdings Co.,Ltd. to Report Fiscal Year 2023 Results on Aug 10, 2023 DN Holdings Co.,Ltd. announced that they will report fiscal year 2023 results on Aug 10, 2023 Annuncio • Dec 23
DN Holdings Co.,Ltd. to Report Q2, 2023 Results on Feb 14, 2023 DN Holdings Co.,Ltd. announced that they will report Q2, 2023 results on Feb 14, 2023 Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 1 highly experienced director. No independent directors (6 non-independent directors). VP & Director Yoshinori Kusumoto was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Annuncio • Sep 28
DN Holdings Co.,Ltd. to Report Q1, 2023 Results on Nov 14, 2022 DN Holdings Co.,Ltd. announced that they will report Q1, 2023 results on Nov 14, 2022 Valuation Update With 7 Day Price Move • Aug 18
Investor sentiment improved over the past week After last week's 16% share price gain to JP¥1,270, the stock trades at a trailing P/E ratio of 8.7x. Average trailing P/E is 9x in the Construction industry in Japan. Total returns to shareholders of 152% over the past three years. Annuncio • Aug 12
DN Holdings Co.,Ltd., Annual General Meeting, Sep 28, 2022 DN Holdings Co.,Ltd., Annual General Meeting, Sep 28, 2022. Upcoming Dividend • Jun 22
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 29 June 2022. Payment date: 29 September 1995. Trailing yield: 3.6%. Lower than top quartile of Japanese dividend payers (3.8%). In line with average of industry peers (3.6%). Annuncio • Jun 03
DN Holdings Co.,Ltd. to Report Fiscal Year 2022 Results on Aug 10, 2022 DN Holdings Co.,Ltd. announced that they will report fiscal year 2022 results on Aug 10, 2022 Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. No independent directors (6 non-independent directors). Chairman of the Board Akira Takaku was the last director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Annuncio • Feb 27
DN Holdings Co.,Ltd. to Report Q3, 2022 Results on May 16, 2022 DN Holdings Co.,Ltd. announced that they will report Q3, 2022 results on May 16, 2022 
