Today I will talk about Denka, a long-established chemical company founded in 1915, which has experience in a wide range of fields such as infrastructure, agriculture, food,automobiles, semiconductors, and healthcare.
※The above images are from Denka’s website
Denka handles a wide array of chemical products such as a heat-dissipating material, fluorescent materials, functional film, adhesive, cement for infrastructure development, fertilizer for soil preparation for agriculture, functional resin for automobiles or home appliances or building materials or foods, in addition to influenza vaccines, test reagents, and more.
￥2,639（5/29 last closing price) The latest stock price← click here
Trading unit: 100 The final month of the settlement: March
Dividend yield 4.74%
PER 10.84 PBR 0.91
Equity ratio 49.9%
Denka is a long-established company with a history spanning more than a century, while recently, getting much attention in the press, due to it starting to produce organic compounds that are the raw material of "Avigan" aiming for approval as a Covid-19 infection treatment drug.
Their policy is to prioritize dividends while maintaining a sound financial balance.
On the other hand, they plan to invest 90 billion yen in R&D expenses and 60 billion yen in mergers and acquisitions over the next five years.
Transition of business results
|
|
Net sales |
Operating profit |
Net profit |
Net profit per share |
dividend |
Dividend payout ratio |
|
2018.3 |
395,629 |
33,625 |
23,035 |
261.8 |
105 |
40% |
|
2019.3 |
413,128 |
34,228 |
25,046 |
286.2 |
120 |
42% |
|
2020.3 |
380,803 |
31,587 |
22,703 |
262.6 |
125 |
48% |
|
2021.3 |
360,000 |
31,000 |
21,000 |
243.5 |
125 |
51% |
※Unit of sales, operating profit, net income is one-million yen
※The figure for March 2021 is the predicted value
|
Cash flow statement |
2020.3 |
2019.3 |
|
CF operating activities |
419 |
326 |
|
CF investing activities |
▲363 |
▲261 |
|
CF financing activities |
95 |
▲84 |
※One unit is one hundred million yen
Note: You should be responsible for your own investment. Please make your own final judgment.