Announcement • Jun 28
Daiho Corporation to Report Q1, 2027 Results on Aug 07, 2026 Daiho Corporation announced that they will report Q1, 2027 results on Aug 07, 2026 Announcement • May 20
Daiho Corporation (TSE:1822) announces an Equity Buyback for 4,048,500 shares, for ¥2,999.94 million. Daiho Corporation (TSE:1822) announces a share repurchase program. Under the program, the company will repurchase up to 4,048,500 shares, representing 4.56% of its issued share capital (excluding treasury stock), for a total purchase price of ¥2,999.94 million. The shares will be repurchased at ¥741 per share. The purpose of the program is to implement a flexible capital policy that responds to changes in the business environment. As of March 31, 2026, the company had 88,845,985 issued shares (excluding treasury stock) and 1,569,830 treasury shares. Reported Earnings • May 18
Full year 2026 earnings released: EPS: JP¥51.64 (vs JP¥40.98 in FY 2025) Full year 2026 results: EPS: JP¥51.64 (up from JP¥40.98 in FY 2025). Revenue: JP¥139.8b (down 2.5% from FY 2025). Net income: JP¥4.56b (up 24% from FY 2025). Profit margin: 3.3% (up from 2.6% in FY 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • May 13
Daiho Corporation, Annual General Meeting, Jun 26, 2026 Daiho Corporation, Annual General Meeting, Jun 26, 2026. Announcement • May 09
Daiho Corporation to Report Fiscal Year 2026 Results on May 13, 2026 Daiho Corporation announced that they will report fiscal year 2026 results on May 13, 2026 New Risk • Apr 25
New major risk - Revenue and earnings growth Earnings have declined by 30% 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 320% Paying a dividend despite having no free cash flows. Earnings have declined by 30% per year over the past 5 years. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥34.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 30 June 2026. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 4.3%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.4%). Reported Earnings • Feb 15
Third quarter 2026 earnings released: EPS: JP¥26.31 (vs JP¥16.18 in 3Q 2025) Third quarter 2026 results: EPS: JP¥26.31 (up from JP¥16.18 in 3Q 2025). Revenue: JP¥37.2b (up 1.4% from 3Q 2025). Net income: JP¥2.32b (up 63% from 3Q 2025). Profit margin: 6.2% (up from 3.9% in 3Q 2025). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 8.2% p.a. on average during the next 2 years, compared to a 3.5% growth forecast for the Construction industry in Japan. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Nov 29
Daiho Corporation to Report Q3, 2026 Results on Feb 13, 2026 Daiho Corporation announced that they will report Q3, 2026 results on Feb 13, 2026 New Risk • Nov 21
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 408% The company is paying a dividend despite having no free cash flows. Dividend yield: 4.2% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Reported Earnings • Nov 18
Second quarter 2026 earnings released: EPS: JP¥3.92 (vs JP¥6.19 in 2Q 2025) Second quarter 2026 results: EPS: JP¥3.92 (down from JP¥6.19 in 2Q 2025). Revenue: JP¥34.1b (down 3.8% from 2Q 2025). Net income: JP¥346.0m (down 37% from 2Q 2025). Profit margin: 1.0% (down from 1.5% in 2Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 7.6% p.a. on average during the next 2 years, compared to a 2.6% growth forecast for the Construction industry in Japan. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Declared Dividend • Nov 17
Dividend of JP¥32.00 announced Shareholders will receive a dividend of JP¥32.00. Ex-date: 30th March 2026 Payment date: 30th June 2026 Dividend yield will be 4.2%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is not covered by earnings (384% earnings payout ratio). However, it is well covered by cash flows (25% cash payout ratio). The dividend has increased by an average of 27% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 327% to bring the payout ratio under control. EPS is expected to grow by 13% over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio. Announcement • Sep 27
Daiho Corporation to Report Q2, 2026 Results on Nov 14, 2025 Daiho Corporation announced that they will report Q2, 2026 results on Nov 14, 2025 Announcement • Aug 18
Daiho Corporation Provides Consolidated Earning Guidance for the Full Year Ending March 31, 2026 Daiho Corporation provided consolidated earning guidance for the full year ending March 31, 2026. For the full year, the company expected net sales of JPY 140,000 million; Operating profit of JPY 5,200 million; Profit attributable to owners of parent JPY 4,000 million; Earnings per share JPY 45.36. Reported Earnings • Aug 09
First quarter 2026 earnings released: JP¥3.44 loss per share (vs JP¥2.76 profit in 1Q 2025) First quarter 2026 results: JP¥3.44 loss per share (down from JP¥2.76 profit in 1Q 2025). Revenue: JP¥31.1b (down 8.1% from 1Q 2025). Net loss: JP¥303.0m (down 225% from profit in 1Q 2025). Revenue is forecast to grow 6.3% p.a. on average during the next 2 years, compared to a 2.4% growth forecast for the Construction industry in Japan. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Reported Earnings • Jun 30
Full year 2025 earnings: Revenues and EPS in line with analyst expectations Full year 2025 results: EPS: JP¥205 (up from JP¥23.54 loss in FY 2024). Revenue: JP¥143.4b (down 12% from FY 2024). Net income: JP¥3.69b (up JP¥5.76b from FY 2024). Profit margin: 2.6% (up from net loss in FY 2024). The move to profitability was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 5.2% p.a. on average during the next 2 years, compared to a 2.4% growth forecast for the Construction industry in Japan. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Announcement • Jun 27
Daiho Corporation to Report Q1, 2026 Results on Aug 08, 2025 Daiho Corporation announced that they will report Q1, 2026 results on Aug 08, 2025 Reported Earnings • May 10
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: JP¥1,048 (up from JP¥23.54 loss in FY 2024). Revenue: JP¥143.4b (down 12% from FY 2024). Net income: JP¥3.69b (up JP¥5.76b from FY 2024). Profit margin: 2.6% (up from net loss in FY 2024). The move to profitability was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates significantly. Revenue is forecast to grow 5.2% p.a. on average during the next 2 years, compared to a 2.3% growth forecast for the Construction industry in Japan. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • May 09
Daiho Corporation, Annual General Meeting, Jun 27, 2025 Daiho Corporation, Annual General Meeting, Jun 27, 2025. Announcement • Mar 27
Daiho Corporation to Report Fiscal Year 2025 Results on May 16, 2025 Daiho Corporation announced that they will report fiscal year 2025 results on May 16, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥114 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 28 June 2025. Payout ratio is a comfortable 55% but the company is not cash flow positive. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (3.3%). Announcement • Feb 18
Daiho Corporation Provides Consolidated Earning Guidance for the Year Ending March 31, 2025 Daiho Corporation provided consolidated earning guidance for the year ending March 31, 2025. For the year, the company expects, Net sales of JPY 145,000 million; Operating profit of JPY 5,900 million; Profit attributable to owners of parent JPY 4,000 million; Earnings per share JPY 226.95. Reported Earnings • Feb 15
Third quarter 2025 earnings released: EPS: JP¥80.91 (vs JP¥58.47 loss in 3Q 2024) Third quarter 2025 results: EPS: JP¥80.91 (up from JP¥58.47 loss in 3Q 2024). Revenue: JP¥36.7b (down 9.7% from 3Q 2024). Net income: JP¥1.43b (up JP¥2.45b from 3Q 2024). Profit margin: 3.9% (up from net loss in 3Q 2024). Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Construction industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance. Declared Dividend • Jan 06
Dividend of JP¥114 announced Shareholders will receive a dividend of JP¥114. Ex-date: 28th March 2025 Payment date: 28th June 2025 Dividend yield will be 3.4%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having 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 28% per year over the past 10 years. However, payments have been volatile during that time. Announcement • Jan 03
Daiho Corporation to Report Q3, 2025 Results on Feb 13, 2025 Daiho Corporation announced that they will report Q3, 2025 results on Feb 13, 2025 Announcement • Sep 27
Daiho Corporation to Report Q2, 2025 Results on Nov 14, 2024 Daiho Corporation announced that they will report Q2, 2025 results on Nov 14, 2024 Announcement • Aug 19
Daiho Corporation Provides Consolidated Earnings Guidance for Full Year Ending March 31, 2025 Daiho Corporation provided consolidated earnings guidance for full year ending March 31, 2025. For the full year, the company expects net sales of JPY 145,000 million, operating profit of JPY 5,900 million, profit attributable to owners of parent of JPY 4,000 million and earnings per share of JPY 227.36. Reported Earnings • Aug 14
First quarter 2025 earnings released: JP¥3.35 loss per share (vs JP¥37.99 profit in 1Q 2024) First quarter 2025 results: JP¥3.35 loss per share (down from JP¥37.99 profit in 1Q 2024). Revenue: JP¥32.1b (down 10.0% from 1Q 2024). Net loss: JP¥59.0m (down 109% from profit in 1Q 2024). Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Construction industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance. Announcement • Jun 26
Daiho Corporation to Report Q1, 2025 Results on Aug 09, 2024 Daiho Corporation announced that they will report Q1, 2025 results on Aug 09, 2024 Reported Earnings • May 16
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: JP¥118 loss per share (down from JP¥166 profit in FY 2023). Revenue: JP¥163.2b (up 4.6% from FY 2023). Net loss: JP¥2.07b (down 171% from profit in FY 2023). Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) missed analyst estimates by 48%. Revenue is forecast to grow 1.8% p.a. on average during the next 2 years, compared to a 2.6% growth forecast for the Construction industry in Japan. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Announcement • May 15
Daiho Corporation, Annual General Meeting, Jun 27, 2024 Daiho Corporation, Annual General Meeting, Jun 27, 2024. Announcement • Mar 24
Daiho Corporation to Report Fiscal Year 2024 Results on May 13, 2024 Daiho Corporation announced that they will report fiscal year 2024 results on May 13, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥27.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 4.2%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (2.7%). Reported Earnings • Feb 10
Third quarter 2024 earnings released: JP¥58.46 loss per share (vs JP¥23.13 loss in 3Q 2023) Third quarter 2024 results: JP¥58.46 loss per share (further deteriorated from JP¥23.13 loss in 3Q 2023). Revenue: JP¥40.7b (up 3.4% from 3Q 2023). Net loss: JP¥1.03b (loss widened 153% from 3Q 2023). Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Construction industry in Japan. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Announcement • Dec 28
Daiho Corporation to Report Q3, 2024 Results on Feb 09, 2024 Daiho Corporation announced that they will report Q3, 2024 results on Feb 09, 2024 Reported Earnings • Nov 12
Second quarter 2024 earnings released: JP¥37.58 loss per share (vs JP¥9.79 profit in 2Q 2023) Second quarter 2024 results: JP¥37.58 loss per share (down from JP¥9.79 profit in 2Q 2023). Revenue: JP¥40.6b (up 18% from 2Q 2023). Net loss: JP¥662.0m (down 485% from profit in 2Q 2023). Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Construction industry in Japan. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Announcement • Aug 30
Daiho Corporation to Report Q2, 2024 Results on Nov 10, 2023 Daiho Corporation announced that they will report Q2, 2024 results on Nov 10, 2023 Reported Earnings • Aug 12
First quarter 2024 earnings released: EPS: JP¥37.99 (vs JP¥73.90 in 1Q 2023) First quarter 2024 results: EPS: JP¥37.99 (down from JP¥73.90 in 1Q 2023). Revenue: JP¥35.7b (flat on 1Q 2023). Net income: JP¥670.0m (down 49% from 1Q 2023). Profit margin: 1.9% (down from 3.7% in 1Q 2023). Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Construction industry in Japan. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Announcement • Jun 23
Daiho Corporation to Report Q1, 2024 Results on Aug 10, 2023 Daiho Corporation announced that they will report Q1, 2024 results on Aug 10, 2023 Announcement • May 17
Daiho Corporation, Annual General Meeting, Jun 29, 2023 Daiho Corporation, Annual General Meeting, Jun 29, 2023. Reported Earnings • May 17
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: JP¥165 (down from JP¥346 in FY 2022). Revenue: JP¥156.1b (flat on FY 2022). Net income: JP¥2.91b (down 51% from FY 2022). Profit margin: 1.9% (down from 3.8% in FY 2022). Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) also surpassed analyst estimates by 32%. Revenue is forecast to grow 2.5% p.a. on average during the next 2 years, compared to a 2.6% growth forecast for the Construction industry in Japan. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥230 per share at 6.0% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 6.0%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (3.6%). Reported Earnings • Feb 12
Third quarter 2023 earnings released: JP¥23.13 loss per share (vs JP¥102 profit in 3Q 2022) Third quarter 2023 results: JP¥23.13 loss per share (down from JP¥102 profit in 3Q 2022). Revenue: JP¥39.3b (up 2.4% from 3Q 2022). Net loss: JP¥407.0m (down 124% from profit in 3Q 2022). Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Construction 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 12% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jan 18
Investor sentiment deteriorated over the past week After last week's 16% share price decline to JP¥3,375, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 9x in the Construction industry in Japan. Total returns to shareholders of 34% over the past three years. Announcement • Nov 27
Daiho Corporation to Report Q3, 2023 Results on Feb 10, 2023 Daiho Corporation announced that they will report Q3, 2023 results on Feb 10, 2023 Announcement • Nov 17
Daiho Corporation Provides Dividend Guidance for the Fiscal Year Ending March 31, 2023 Daiho Corporation provided dividend guidance for the fiscal year ending March 31, 2023. For the period, the company expects dividend of JPY 230 as compared to JPY 243 in fiscal year 2022. Announcement • Nov 16
Daiho Corporation Provides Consolidated Earnings Guidance for the Full Year Ending March 31, 2023 Daiho Corporation provided consolidated earnings guidance for the full year ending March 31, 2023. For the year, the company expects consolidated net sales of ¥165,000 million, operating profit of ¥8,600 million and profit attributable to owners of parent of ¥5,700 million and basic earnings per share of ¥326.60. Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: JP¥9.79 (vs JP¥47.36 in 2Q 2022) Second quarter 2023 results: EPS: JP¥9.79 (down from JP¥47.36 in 2Q 2022). Revenue: JP¥34.5b (down 7.3% from 2Q 2022). Net income: JP¥172.0m (down 79% from 2Q 2022). Profit margin: 0.5% (down from 2.2% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Construction industry in Japan. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Nov 16
High number of new and inexperienced directors There are 11 new directors who have joined the board in the last 3 years. The company's board is composed of: 11 new directors. 1 experienced director. No highly experienced directors. President, CEO & Director Kakue Morishita is the most experienced director on 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 board continuity. Lack of experienced directors. Reported Earnings • Nov 13
Second quarter 2023 earnings released: EPS: JP¥9.79 (vs JP¥47.36 in 2Q 2022) Second quarter 2023 results: EPS: JP¥9.79 (down from JP¥47.36 in 2Q 2022). Revenue: JP¥34.5b (down 7.3% from 2Q 2022). Net income: JP¥172.0m (down 79% from 2Q 2022). Profit margin: 0.5% (down from 2.2% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Construction industry in Japan. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Sep 10
Daiho Corporation to Report Q2, 2023 Results on Nov 11, 2022 Daiho Corporation announced that they will report Q2, 2023 results on Nov 11, 2022 Reported Earnings • Aug 12
First quarter 2023 earnings released: EPS: JP¥73.89 (vs JP¥25.19 in 1Q 2022) First quarter 2023 results: EPS: JP¥73.89 (up from JP¥25.19 in 1Q 2022). Revenue: JP¥35.4b (up 14% from 1Q 2022). Net income: JP¥1.30b (up 192% from 1Q 2022). Profit margin: 3.7% (up from 1.4% in 1Q 2022). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to stay flat compared to a 12% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 20
Daiho Corporation announced that it has received ¥40.375 billion in funding from ASO Corporation On July 19, 2022, Daiho Corporation closed the transaction. Announcement • Jun 22
Daiho Corporation to Report Q1, 2023 Results on Aug 10, 2022 Daiho Corporation announced that they will report Q1, 2023 results on Aug 10, 2022 Reported Earnings • May 16
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: JP¥346 (down from JP¥362 in FY 2021). Revenue: JP¥156.5b (down 3.2% from FY 2021). Net income: JP¥5.99b (down 4.4% from FY 2021). Profit margin: 3.8% (down from 3.9% in FY 2021). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) also surpassed analyst estimates by 9.2%. Over the next year, revenue is forecast to grow 1.6%, compared to a 7.9% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Board Change • Apr 27
High number of new and inexperienced directors There are 11 new directors who have joined the board in the last 3 years. The company's board is composed of: 11 new directors. No experienced directors. 1 highly experienced director. Chairman & President Kenichi Osumi is the most experienced director on the board, commencing their role in 2010. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Apr 07
Daiho Corporation to Report Fiscal Year 2022 Results on May 13, 2022 Daiho Corporation announced that they will report fiscal year 2022 results on May 13, 2022 Buying Opportunity • Mar 30
Now 20% undervalued Over the last 90 days, the stock is up 14%. The fair value is estimated to be JP¥5,721, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 7.8% in 2 years. Earnings is forecast to decline by 3.2% in the next 2 years. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥110 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 30 June 2022. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.4%). In line with average of industry peers (3.1%). Reported Earnings • Feb 12
Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2022 results: EPS: JP¥102 (down from JP¥102 in 3Q 2021). Revenue: JP¥38.4b (down 7.5% from 3Q 2021). Net income: JP¥1.73b (down 3.9% from 3Q 2021). Profit margin: 4.5% (up from 4.3% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) exceeded analyst estimates by 9.8%. Over the next year, revenue is forecast to grow 5.9%, compared to a 7.5% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Reported Earnings • Nov 12
Second quarter 2022 earnings released: EPS JP¥47.36 (vs JP¥64.65 in 2Q 2021) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥37.2b (down 9.3% from 2Q 2021). Net income: JP¥814.0m (down 25% from 2Q 2021). Profit margin: 2.2% (down from 2.6% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Reported Earnings • Aug 09
First quarter 2022 earnings released: EPS JP¥25.19 (vs JP¥30.32 in 1Q 2021) The company reported a poor first quarter result with weaker earnings and revenues, although profit margins were flat. First quarter 2022 results: Revenue: JP¥30.9b (down 9.2% from 1Q 2021). Net income: JP¥446.0m (down 12% from 1Q 2021). Profit margin: 1.4% (in line with 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Reported Earnings • May 16
Full year 2021 earnings released: EPS JP¥362 (vs JP¥396 in FY 2020) The company reported a poor full year result with weaker earnings and profit margins, although revenues were flat. Full year 2021 results: Revenue: JP¥161.7b (flat on FY 2020). Net income: JP¥6.26b (down 5.8% from FY 2020). Profit margin: 3.9% (down from 4.1% in FY 2020). 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 11% per year, which means it is well ahead of earnings. Announcement • May 14
Daiho Corporation (TSE:1822) announces an Equity Buyback for 1,250,000 shares, representing 6.9% for ¥4,000 million. Daiho Corporation (TSE:1822) announces a share repurchase program. Under the program, the company will repurchase up to 1,250,000 shares, representing 6.9% of its issued share capital (excluding treasury stock), for a total purchase price of ¥4,000 million. The purpose of the program is to improve capital efficiency and enhance shareholder returns. The program will continue through September 30, 2021. As of March 31, 2021, the company had 18,120,242 issued shares (excluding treasury stock) and 312,921 treasury shares. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥110 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%). In line with average of industry peers (2.6%). Reported Earnings • Mar 14
Third quarter 2021 earnings released: EPS JP¥102 (vs JP¥97.26 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥41.5b (up 4.2% from 3Q 2020). Net income: JP¥1.80b (up 11% from 3Q 2020). Profit margin: 4.3% (up from 4.1% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Mar 14
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 21%. Over the next year, revenue is forecast to stay flat compared to a 3.5% growth forecast for the Construction industry in Japan. Announcement • Mar 04
Daiho Corporation to Report Fiscal Year 2021 Results on May 13, 2021 Daiho Corporation announced that they will report fiscal year 2021 results on May 13, 2021 Is New 90 Day High Low • Mar 03
New 90-day high: JP¥3,840 The company is up 11% from its price of JP¥3,465 on 03 December 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is up 7.0% over the same period. Is New 90 Day High Low • Feb 04
New 90-day high: JP¥3,775 The company is up 10.0% from its price of JP¥3,435 on 06 November 2020. The Japanese market is up 13% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Construction industry, which is up 8.0% over the same period. Is New 90 Day High Low • Dec 29
New 90-day high: JP¥3,665 The company is up 22% from its price of JP¥3,005 on 30 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is down 2.0% over the same period. Is New 90 Day High Low • Dec 10
New 90-day high: JP¥3,580 The company is up 24% from its price of JP¥2,877 on 11 September 2020. The Japanese market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is up 2.0% over the same period. Price Target Changed • Dec 01
Price target lowered to JP¥2,900 Down from JP¥4,700, the current price target is provided by 1 analyst. The new target price is 17% below the current share price of JP¥3,505. As of last close, the stock is up 18% over the past year. Announcement • Sep 06
Daiho Corporation to Report Q2, 2021 Results on Nov 11, 2020 Daiho Corporation announced that they will report Q2, 2021 results on Nov 11, 2020