Today I will talk about Daido Metal, the largest company that specializes in bearing metals.
※The above images are from Daido Metal’s website
Daido Metal is a long-established company that started operations in Nagoya in 1939, and manufactures and sells bearings for a wide variety of industrial fields such as automobiles, ships, construction equipment, and general industries.
The company has established production and sales systems in five regions:Japan, North America, Europe, Asia, and China
In addition, it is expanding its business domain to the aluminum die casting business with a view to reduce the weight of automobiles.
￥585（3/4 last closing price)
The latest stock price← click here Trading unit: 100
The final month of the settlement: March
Dividend yield 5.98% PER 5.77 PBR0.49
Equity ratio 35.9%
Since 2017, two companies have joined the Daido group and entered new businesses, and sales have mostly achieved the planned targets, but projected profits were not met due to the slowdown in the shipbuilding and construction markets, the
slowdown in emerging economies, and rising material prices.
In addition to changes in the business environment, such as a rise in costs, a sudden increase in orders at the Mexican plant led to an increase in personnel and transportation costs, which also prevented the company from achieving the targets.
Transition of business results
|
|
Net sales |
Operating profit |
Net profit |
Net profit per share |
dividend |
Dividend payout ratio |
|
2017.3 |
85,073 |
4,700 |
2,212 |
55.6 |
30 |
54% |
|
2018.3 |
106,648 |
6,628 |
3,590 |
90.2 |
30 |
33% |
|
2019.3 |
107,718 |
6,599 |
4,135 |
93.7 |
30 |
32% |
|
2020.3 |
101,000 |
4,500 |
4,800 |
101.0 |
35 |
35% |
※Unit of sales, operating profit, net income is one million yen
※The figure for march 2020 is the predicted value
|
Cash flow statement |
2019.3 |
2018.3 |
|
CF operating activities |
117 |
111 |
|
CF investing activities |
▲54 |
▲123 |
|
CF financing activities |
▲7 |
0 |
※One unit is one hundred million yen
Note: You should be responsible for your own investment. Please make your own final judgment.