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Non-Energy Minerals

Daido Steel Co., Ltd.

Business Summary

Daido Steel Co., Ltd. engages in the manufacture and sale of steel products. It operates through the following segments: Specialty Steel, High Performance Materials & Magnetic Materials, Parts for Automobile & Industrial Equipment, Engineering, and Trading & Service. The Specialty Steel segment deals with the manufacture of specialty steel for automotive and industrial machinery parts. The High Performance Materials & Magnetic Materials segment offers stainless steel, high alloy, magnet materials, titanium products, and powder metals. The Parts for Automobile & 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 its related equipment. The Trading & 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 2022 JPYUSD
Revenue529,667M4,713.48M
Gross Profit91,923M818.01M
Operating income36,795M327.43M
Income before tax40,746M362.59M
Net income26,895M239.33M
EBITDA63,780M567.57M
Diluted EPS630.925.61
Dividends Per Share1801.60
Total Assets728,187M5,999.48M
Total liabilities363,180M2,992.21M
Total equity329,714M2,716.49M
Operating cash flow-16,684M-148.47M
Currency in JPYCurrency in USD

Historical Data

 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 505,219M 543,255M 490,421M 412,722M 529,667M
Gross Profit 90,505M 89,098M 78,762M 58,549M 91,923M
Operating income 35,473M 32,772M 23,878M 8,876M 36,795M
Income before tax 36,831M 33,110M 21,170M 10,065M 40,746M
Net income 23,921M 21,183M 10,988M 4,517M 26,895M
EBITDA 56,971M 56,987M 49,431M 35,982M 63,780M
Diluted EPS 561.06 496.88 257.74 105.94 630.92
Dividends Per Share 120 130 70 35 180
Total Assets 642,021M 650,697M 625,899M 665,506M 728,187M
Total liabilities 325,607M 332,554M 316,760M 326,147M 363,180M
Total equity 284,435M 285,509M 273,562M 303,143M 329,714M
Operating cash flow 31,043M 28,114M 41,033M 33,766M -16,684M
 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 4,558.40M 4,898.83M 4,510.62M 3,891.49M 4,713.48M
Gross Profit 816.59M 803.44M 724.40M 552.05M 818.01M
Operating income 320.05M 295.52M 219.61M 83.69M 327.43M
Income before tax 332.31M 298.57M 194.71M 94.90M 362.59M
Net income 215.83M 191.01M 101.06M 42.59M 239.33M
EBITDA 514.02M 513.88M 454.63M 339.26M 567.57M
Diluted EPS 5.06 4.48 2.37 0.99 5.61
Dividends Per Share 1.08 1.17 0.64 0.33 1.60
Total Assets 6,036.86M 5,878.81M 5,797.77M 6,022.67M 5,999.48M
Total liabilities 3,061.65M 3,004.50M 2,934.18M 2,951.55M 2,992.21M
Total equity 2,674.51M 2,579.47M 2,534.03M 2,743.37M 2,716.49M
Operating cash flow 280.08M 253.51M 377.39M 318.37M -148.47M

Valuation Measures

Mar 2022
PER5.84
ROA3.85%
ROE8.49%
Operating margin6.94%
Profit margin5.07%

Key executives

  • Executive President & Representative Director: Takeshi Ishiguro
  • Representative Director, EVP & Senior Head-Sales: Tetsuya Shimizu
  • Director, Head-Accounting & Information Technology: Akihito Kajita
  • Executive Officer & Manager-Technology Planning: Ikuo Sugie
  • Head-Technology Planning, Safety & Health: Takaaki Taketsuru

Shareholders

  • NIPPON STEEL CORP. (7.1%)
  • Mitsubishi UFJ Financial Group, Inc. (4.9%)
  • Meiji Yasuda Life Insurance Co. (4.7%)
  • Mizuho Financial Group, Inc. (3.6%)
  • NHK Spring Co., Ltd. (3.3%)
  • Honda Motor Co., Ltd. (3.0%)
  • Nomura Asset Management Co., Ltd. (2.0%)
  • The Vanguard Group, Inc. (2.0%)
  • Dimensional Fund Advisors LP (2.0%)
  • Toyota Motor Corp. (2.0%)

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.
  • Daido Plant Industries Co., Ltd.
  • Daido Machinery Ltd.
  • Shimomura Tokushu Seiko (Suzhou) Co., Ltd.
  • Daido Electronics Co., Ltd.
  • Nissei Seiko Co., Ltd.
  • Daido DMS (Thailand) Co., Ltd.

Competitors

  • Rheinmetall AG
  • Aperam SA
  • Chengdu Galaxy Magnets Co., Ltd. Class A
Last Updated on 28 Nov, 2022

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