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Non-Energy Minerals

Daido Steel Co., Ltd.

Business Summary

Daido Steel Co., Ltd. engages in the manufacture and sale of specialty steel. It operates through the following segments: Specialty Steel, High Performance Materials and Magnetic Materials, Parts for Automobile and Industrial Equipment, Engineering, and Trading and Service. The Specialty Steel segment deals with the manufacture of specialty steel for automotive and industrial machinery parts. The High Performance Materials and Magnetic Materials segment offers stainless steel, high alloy, magnet materials, titanium products, and powder metals. The Parts for Automobile and Industrial Equipment segment provides die-forged parts, forging products, and engine valves. The Engineering segment covers the manufacturing and maintenance of steelmaking and environmental equipment, industrial furnaces, and related equipment. The Trading and Service segment includes real estate-related services and welfare programs. The company was founded by Momosuke Fukuzawa on August 19, 1916 and is headquartered in Nagoya, Japan.

Financial Highlights

Mar 2021 JPYUSD
Revenue412,722M3,891.49M
Gross Profit58,549M552.05M
Operating income8,876M83.69M
Income before tax10,065M94.90M
Net income4,517M42.59M
EBITDA35,982M339.26M
Diluted EPS105.940.99
Dividends Per Share350.33
Total Assets665,506M6,022.67M
Total liabilities326,147M2,951.55M
Total equity303,143M2,743.37M
Operating cash flow33,766M318.37M
Currency in JPYCurrency in USD

Historical Data

 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 445,122M 505,219M 543,255M 490,421M 412,722M
Gross Profit 76,767M 90,505M 89,098M 78,762M 58,549M
Operating income 25,071M 35,473M 32,772M 23,878M 8,876M
Income before tax 27,355M 36,831M 33,110M 21,170M 10,065M
Net income 16,387M 23,921M 21,183M 10,988M 4,517M
EBITDA 48,839M 56,971M 56,987M 49,431M 35,982M
Diluted EPS 385.90 561.06 496.88 257.74 105.94
Dividends Per Share 100 120 130 70 35
Total Assets 574,169M 642,021M 650,697M 625,899M 665,506M
Total liabilities 283,664M 325,607M 332,554M 316,760M 326,147M
Total equity 259,852M 284,435M 285,509M 273,562M 303,143M
Operating cash flow 28,390M 31,043M 28,114M 41,033M 33,766M
 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 4,110.55M 4,558.40M 4,898.83M 4,510.62M 3,891.49M
Gross Profit 708.91M 816.59M 803.44M 724.40M 552.05M
Operating income 231.52M 320.05M 295.52M 219.61M 83.69M
Income before tax 252.61M 332.31M 298.57M 194.71M 94.90M
Net income 151.32M 215.83M 191.01M 101.06M 42.59M
EBITDA 451.01M 514.02M 513.88M 454.63M 339.26M
Diluted EPS 3.56 5.06 4.48 2.37 0.99
Dividends Per Share 0.92 1.08 1.17 0.64 0.33
Total Assets 5,152.73M 6,036.86M 5,878.81M 5,797.77M 6,022.67M
Total liabilities 2,545.66M 3,061.65M 3,004.50M 2,934.18M 2,951.55M
Total equity 2,331.97M 2,674.51M 2,579.47M 2,534.03M 2,743.37M
Operating cash flow 262.17M 280.08M 253.51M 377.39M 318.37M

Valuation Measures

Mar 2021
PER48.23
ROA0.69%
ROE1.56%
Operating margin2.15%
Profit margin1.09%

Key executives

  • President & Representative Director: Takeshi Ishiguro
  • Executive Officer & Head-Production Technology: Tatsuya Ishihama
  • Executive Officer & Manager-Technology Planning: Ikuo Sugie
  • Head-Technology Development Institute: Takaaki Taketsuru
  • Director, Executive Officer & Head-Compliance: Akihito Kajita

Shareholders

  • NIPPON STEEL CORP. (7.1%)
  • Mitsubishi UFJ Financial Group, Inc. (4.9%)
  • Meiji Yasuda Life Insurance Co. (4.7%)
  • Nomura Asset Management Co., Ltd. (4.1%)
  • Mizuho Financial Group, Inc. (3.6%)
  • NHK Spring Co., Ltd. (3.3%)
  • Honda Motor Co., Ltd. (3.0%)
  • Sumitomo Mitsui Trust Asset Management Co., Ltd. (2.8%)
  • Toyota Motor Corp. (2.0%)
  • MS&AD Insurance Group Holdings, Inc. (1.9%)

Contact Details

  • Website:http://www.daido.co.jp
  • Address: Urbannet Nagoya Building, 1-1-10 Higashisakura, Nagoya, 461-8581, Japan
  • Phone: +81.52.963.7501

Related Companies

  • Kisokoma Heights Co., Ltd.
  • Daido Steel (Thailand) Co., Ltd.
  • Daido DMS Malaysia Sdn. Bhd.
  • Daido Die & Mold Steel Solutions Co., Ltd.
  • Daido DM Solution Corp.
  • Daido DMS Mexico SA de CV
  • Naslon Korea Co., Ltd.
  • Daido Tien Wen (Guangzhou) Steel Co. Ltd.
  • Daido Steel (Shanghai) Co., Ltd.
  • Daido Amistar Vietnam Co. Ltd.
  • Intermetallics Japan Corp.
  • Daido Amistar (Malaysia) Sdn. Bhd.
  • Daido Tienwen Steel Co., Ltd.
  • Thai Seisen Co., Ltd.
  • Daido Bunseki Research, Inc.
  • Daido Environment Engineering Co., Ltd.
  • Daido Shizai Service Co., Ltd.
  • Daido Castings Co., Ltd.
  • Daido Technica Co., Ltd.
  • Daido Star Techno KK
  • Daido EcoMet Co., Ltd.
  • Star Info Tech Co., Ltd.
  • Daido Life Service Co., Ltd.
  • Daido Precision Industries Ltd.
  • Lifesupport Co., Ltd.
  • Daido Plant Industries Co., Ltd.
  • Daido Machinery Ltd.
  • Shimomura Tokushu Seiko (Suzhou) Co., Ltd.
  • Daido Electronics Co., Ltd.
  • Nissei Seiko Co., Ltd.

Competitors

  • Chengdu Galaxy Magnets Co., Ltd. Class A
Last Updated on 22 Oct, 2021

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