Valuation Update With 7 Day Price Move • Jul 10
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to €6.95, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 12x in the Auto Components industry in Germany. Total returns to shareholders of 132% over the past three years. Buy Or Sell Opportunity • Jun 26
Now 24% undervalued Over the last 90 days, the stock has risen 84% to €8.45. The fair value is estimated to be €11.05, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.3% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 4.2% in 2 years. Earnings are forecast to grow by 18% in the next 2 years. Valuation Update With 7 Day Price Move • Jun 26
Investor sentiment improves as stock rises 36% After last week's 36% share price gain to €10.10, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 12x in the Auto Components industry in Germany. Total returns to shareholders of 266% over the past three years. New Risk • Jun 25
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 German stocks, typically moving 11% 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 (11% average weekly change). Announcement • May 30
Daido Metal Co., Ltd. to Report Q1, 2027 Results on Aug 07, 2026 Daido Metal Co., Ltd. announced that they will report Q1, 2027 results on Aug 07, 2026 Board Change • May 20
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Outside Director Shinji Ishihara was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Announcement • May 12
Daido Metal Co., Ltd., Annual General Meeting, Jun 26, 2026 Daido Metal Co., Ltd., Annual General Meeting, Jun 26, 2026. Announcement • May 10
Daido Metal Co., Ltd. to Report Fiscal Year 2026 Results on May 12, 2026 Daido Metal Co., Ltd. announced that they will report fiscal year 2026 results on May 12, 2026 Announcement • Mar 10
Daido Metal Co., Ltd. (TSE:7245) announces an Equity Buyback for 1,200,000 shares, representing 2.53% for ¥1,000 million. Daido Metal Co., Ltd. (TSE:7245) announces a share repurchase program. Under the program, the company will repurchase up to 1,200,000 shares, representing 2.53% of its total shares outstanding excluding treasury shares, for a total of ¥1,000 million. The repurchase program is part of its shareholder return measures from the perspective of mitigating the impact on share supply and demand, following the secondary offering. The repurchase program is valid till August 31, 2026. As of February 28, 2026, the company had 47,517,841 shares outstanding excluding treasury shares and has 2,412 shares in treasury. Announcement • Nov 29
Daido Metal Co., Ltd. to Report Q3, 2026 Results on Feb 12, 2026 Daido Metal Co., Ltd. announced that they will report Q3, 2026 results on Feb 12, 2026 Announcement • Sep 01
Daido Metal Co., Ltd. to Report Q2, 2026 Results on Nov 13, 2025 Daido Metal Co., Ltd. announced that they will report Q2, 2026 results on Nov 13, 2025 Announcement • Jun 04
Daido Metal Co., Ltd. to Report Q1, 2026 Results on Aug 07, 2025 Daido Metal Co., Ltd. announced that they will report Q1, 2026 results on Aug 07, 2025 Announcement • May 13
Daido Metal Co., Ltd., Annual General Meeting, Jun 27, 2025 Daido Metal Co., Ltd., Annual General Meeting, Jun 27, 2025. Announcement • Mar 07
Daido Metal Co., Ltd. to Report Fiscal Year 2025 Results on May 13, 2025 Daido Metal Co., Ltd. announced that they will report fiscal year 2025 results on May 13, 2025 Announcement • Dec 10
Daido Metal Co., Ltd. to Report Q3, 2025 Results on Feb 07, 2025 Daido Metal Co., Ltd. announced that they will report Q3, 2025 results on Feb 07, 2025 Reported Earnings • Nov 10
Second quarter 2025 earnings released: EPS: JP¥1.29 (vs JP¥9.46 in 2Q 2024) Second quarter 2025 results: EPS: JP¥1.29 (down from JP¥9.46 in 2Q 2024). Revenue: JP¥35.2b (up 5.4% from 2Q 2024). Net income: JP¥61.0m (down 86% from 2Q 2024). Profit margin: 0.2% (down from 1.3% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings. Board Change • Sep 30
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. 4 non-independent directors. Independent Outside Director Miyuri Shirai was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥7.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 09 December 2024. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of German dividend payers (4.8%). In line with average of industry peers (3.3%). Announcement • Aug 28
Daido Metal Co., Ltd. to Report Q2, 2025 Results on Nov 07, 2024 Daido Metal Co., Ltd. announced that they will report Q2, 2025 results on Nov 07, 2024 Reported Earnings • Aug 13
First quarter 2025 earnings released: EPS: JP¥9.91 (vs JP¥3.59 in 1Q 2024) First quarter 2025 results: EPS: JP¥9.91 (up from JP¥3.59 in 1Q 2024). Revenue: JP¥33.2b (up 11% from 1Q 2024). Net income: JP¥467.0m (up 176% from 1Q 2024). Profit margin: 1.4% (up from 0.6% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. New Risk • Aug 07
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 German 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). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to €2.84, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 7x in the Auto Components industry in Germany. Total loss to shareholders of 30% over the past three years. Declared Dividend • Jul 11
Final dividend of JP¥7.00 announced Shareholders will receive a dividend of JP¥7.00. Ex-date: 27th September 2024 Payment date: 9th December 2024 Dividend yield will be 207%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is covered by both earnings (60% earnings payout ratio) and cash flows (8% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 5.3% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 13
Daido Metal Co., Ltd. to Report Q1, 2025 Results on Aug 08, 2024 Daido Metal Co., Ltd. announced that they will report Q1, 2025 results on Aug 08, 2024 Announcement • May 31
Daido Metal Co., Ltd. Announces Dividend for the Fiscal Year Ended March 31, 2024, Payable on June 28, 2024 Daido Metal Co., Ltd. announced dividend of JPY 13.00 per share for the fiscal year ended March 31, 2024, against JPY 2.00 per share paid a year ago. Record date is March 31, 2024. Effective date is June 28, 2024. Reported Earnings • May 19
Full year 2024 earnings released: EPS: JP¥54.51 (vs JP¥47.04 loss in FY 2023) Full year 2024 results: EPS: JP¥54.51 (up from JP¥47.04 loss in FY 2023). Revenue: JP¥128.7b (up 12% from FY 2023). Net income: JP¥2.57b (up JP¥4.78b from FY 2023). Profit margin: 2.0% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Announcement • May 15
Daido Metal Co., Ltd. Revised Dividend Guidance for the Fiscal Year Ended March 31, 2024 Daido Metal Co., Ltd. announced that it has revised its year-end dividend forecast for the fiscal year ended March 31, 2024. For the period, the company expects dividend of JPY 13.00 per share compared to previously expected dividend of JPY 8.00 per share. Announcement • Mar 27
Daido Metal Co., Ltd., Annual General Meeting, Jun 27, 2024 Daido Metal Co., Ltd., Annual General Meeting, Jun 27, 2024. Agenda: To approve appointment of Directors and Executive Officers and any changes to Directors. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥8.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 60% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (2.9%). Announcement • Mar 07
Daido Metal Co., Ltd. to Report Fiscal Year 2024 Results on May 14, 2024 Daido Metal Co., Ltd. announced that they will report fiscal year 2024 results on May 14, 2024 Reported Earnings • Feb 11
Third quarter 2024 earnings released: EPS: JP¥6.70 (vs JP¥2.13 in 3Q 2023) Third quarter 2024 results: EPS: JP¥6.70 (up from JP¥2.13 in 3Q 2023). Revenue: JP¥33.6b (up 9.7% from 3Q 2023). Net income: JP¥316.0m (up 216% from 3Q 2023). Profit margin: 0.9% (up from 0.3% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Announcement • Dec 02
Daido Metal Co., Ltd. to Report Q3, 2024 Results on Feb 09, 2024 Daido Metal Co., Ltd. announced that they will report Q3, 2024 results on Feb 09, 2024 Reported Earnings • Nov 10
Second quarter 2024 earnings released: EPS: JP¥9.46 (vs JP¥54.11 loss in 2Q 2023) Second quarter 2024 results: EPS: JP¥9.46 (up from JP¥54.11 loss in 2Q 2023). Revenue: JP¥33.4b (up 14% from 2Q 2023). Net income: JP¥446.0m (up JP¥2.98b from 2Q 2023). Profit margin: 1.3% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Auto Components industry in Germany. Announcement • Sep 28
Daido Metal Co., Ltd. to Report Q2, 2024 Results on Nov 09, 2023 Daido Metal Co., Ltd. announced that they will report Q2, 2024 results on Nov 09, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of JP¥2.00 per share at 1.4% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 07 December 2023. The company is not currently making a profit but it is cash flow positive. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (2.6%). New Risk • Aug 13
New major risk - Revenue and earnings growth Earnings have declined by 45% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Earnings have declined by 45% per year over the past 5 years. Minor Risk Paying a dividend despite being loss-making. Reported Earnings • Aug 13
First quarter 2024 earnings released: EPS: JP¥3.59 (vs JP¥1.35 in 1Q 2023) First quarter 2024 results: EPS: JP¥3.59 (up from JP¥1.35 in 1Q 2023). Revenue: JP¥30.0b (up 8.7% from 1Q 2023). Net income: JP¥169.0m (up 168% from 1Q 2023). Profit margin: 0.6% (up from 0.2% in 1Q 2023). Announcement • Jun 28
Daido Metal Co., Ltd. to Report Q1, 2024 Results on Aug 10, 2023 Daido Metal Co., Ltd. announced that they will report Q1, 2024 results on Aug 10, 2023 Reported Earnings • May 14
Full year 2023 earnings released: JP¥47.04 loss per share (vs JP¥40.68 profit in FY 2022) Full year 2023 results: JP¥47.04 loss per share (down from JP¥40.68 profit in FY 2022). Revenue: JP¥115.5b (up 11% from FY 2022). Net loss: JP¥2.21b (down 216% from profit in FY 2022). Revenue is forecast to grow 4.0% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Auto Components industry in Germany. Announcement • May 12
Daido Metal Co., Ltd., Annual General Meeting, Jun 29, 2023 Daido Metal Co., Ltd., Annual General Meeting, Jun 29, 2023. Agenda: Annual General Meeting. Announcement • May 11
Daido Metal Co., Ltd. Provides Dividend Guidance for the Fiscal Year Ended March 31, 2023 Daido Metal Co., Ltd. provided dividend guidance for the fiscal year ended March 31, 2023. For the year, the company expects to pay dividend of JPY 2.00 per share. Reported Earnings • Feb 11
Third quarter 2023 earnings released: EPS: JP¥2.13 (vs JP¥16.14 in 3Q 2022) Third quarter 2023 results: EPS: JP¥2.13 (down from JP¥16.14 in 3Q 2022). Revenue: JP¥30.7b (up 19% from 3Q 2022). Net income: JP¥100.0m (down 87% from 3Q 2022). Profit margin: 0.3% (down from 2.9% in 3Q 2022). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Auto Components industry in Germany. Announcement • Feb 09
Daido Metal Co., Ltd. Revises Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2023 Daido Metal Co., Ltd. revised consolidated earnings guidance for the fiscal year ending March 31, 2023. For the year, the company expects revised net sales of JPY 110,000 million, operating profit of JPY 1,800 million, loss attributable to owners of parent of JPY 3,100 million and basic loss per share of JPY 66.11 compared to previously expected net sales of JPY 110,000 million, operating profit of JPY 1,800 million, loss attributable to owners of parent of JPY 2,100 million and basic loss per share of JPY 44.82. Announcement • Dec 01
Daido Metal Co., Ltd. to Report Q3, 2023 Results on Feb 09, 2023 Daido Metal Co., Ltd. announced that they will report Q3, 2023 results on Feb 09, 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. 6 non-independent directors. Independent Outside Director Miyuri Shirai was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 12
Second quarter 2023 earnings released: JP¥54.11 loss per share (vs JP¥9.92 profit in 2Q 2022) Second quarter 2023 results: JP¥54.11 loss per share (down from JP¥9.92 profit in 2Q 2022). Revenue: JP¥29.4b (up 16% from 2Q 2022). Net loss: JP¥2.54b (down JP¥3.00b from profit in 2Q 2022). Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Auto Components industry in Germany. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 07 December 2022. Payout ratio is on the higher end at 95%, and the cash payout ratio is above 100%. Trailing yield: 4.9%. Lower than top quartile of German dividend payers (5.1%). Higher than average of industry peers (3.7%). Announcement • Sep 01
Daido Metal Co., Ltd. to Report Q2, 2023 Results on Nov 10, 2022 Daido Metal Co., Ltd. announced that they will report Q2, 2023 results on Nov 10, 2022 Reported Earnings • Aug 12
First quarter 2023 earnings released: EPS: JP¥1.35 (vs JP¥15.61 in 1Q 2022) First quarter 2023 results: EPS: JP¥1.35 (down from JP¥15.61 in 1Q 2022). Revenue: JP¥27.6b (up 10% from 1Q 2022). Net income: JP¥63.0m (down 91% from 1Q 2022). Profit margin: 0.2% (down from 2.9% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 6.0%, compared to a 9.8% growth forecast for the industry in Germany. Reported Earnings • May 16
Full year 2022 earnings released: EPS: JP¥40.68 (vs JP¥2.25 in FY 2021) Full year 2022 results: EPS: JP¥40.68 (up from JP¥2.25 in FY 2021). Revenue: JP¥104.0b (up 23% from FY 2021). Net income: JP¥1.90b (up JP¥1.79b from FY 2021). Profit margin: 1.8% (up from 0.1% in FY 2021). The increase in margin was driven by higher revenue. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 4 highly experienced directors. 2 independent directors (6 non-independent directors). Independent External Director Toshikazu Takei was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Apr 08
Daido Metal Co., Ltd. to Report Fiscal Year 2022 Results on May 13, 2022 Daido Metal Co., Ltd. announced that they will report fiscal year 2022 results on May 13, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 30 June 2022. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 5.1%. Within top quartile of German dividend payers (3.6%). Higher than average of industry peers (3.3%). Announcement • Feb 11
Daido Metal Co., Ltd. Provides Earning Guidance for the Year Ending March 31, 2022 Daido Metal Co., Ltd. provided earning guidance for the year ending March 31, 2022. For the period, the company expects net sales of JPY 100,000 million, operating profit of JPY 4,900 million, ordinary profit of JPY 4,850 million, profit attributable to owners of parent JPY 2,200 million and basic earnings per share JPY 47.22. Reported Earnings • Feb 11
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥16.14 (up from JP¥5.76 in 3Q 2021). Revenue: JP¥25.8b (up 13% from 3Q 2021). Net income: JP¥753.0m (up 182% from 3Q 2021). Profit margin: 2.9% (up from 1.2% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is expected to shrink by 6.7% compared to a 3.1% decline forecast for the industry in Germany. Reported Earnings • Nov 15
Second quarter 2022 earnings released: EPS JP¥9.91 (vs JP¥30.20 loss in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥25.3b (up 45% from 2Q 2021). Net income: JP¥462.0m (up JP¥1.86b from 2Q 2021). Profit margin: 1.8% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 07 December 2021. Trailing yield: 4.9%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (2.1%). Reported Earnings • Aug 08
First quarter 2022 earnings released: EPS JP¥15.61 (vs JP¥24.92 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥25.0b (up 33% from 1Q 2021). Net income: JP¥726.0m (up JP¥1.88b from 1Q 2021). Profit margin: 2.9% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Reported Earnings • May 18
Full year 2021 earnings released: EPS JP¥2.25 (vs JP¥58.22 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥84.7b (down 15% from FY 2020). Net income: JP¥104.0m (down 96% from FY 2020). Profit margin: 0.1% (down from 2.7% in FY 2020). Announcement • Mar 04
Daido Metal Co., Ltd. to Report Fiscal Year 2021 Results on May 14, 2021 Daido Metal Co., Ltd. announced that they will report fiscal year 2021 results on May 14, 2021 Reported Earnings • Feb 14
Third quarter 2021 earnings released: EPS JP¥5.76 (vs JP¥13.29 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥22.8b (down 5.2% from 3Q 2020). Net income: JP¥267.0m (down 57% from 3Q 2020). Profit margin: 1.2% (down from 2.6% in 3Q 2020). Announcement • Feb 12
Daido Metal Co., Ltd. Provides Year End Dividend Forecast for Fiscal Year Ending March 31, 2021 Daido Metal Co., Ltd. provided year end dividend forecast of JPY 10.00 for fiscal year ending march 31, 2021. 
