Company DescriptionDaido Steel Co., Ltd. manufactures and sells steel products in Japan, rest of Asia, North America, and internationally. The company's Specialty Steel segment manufactures specialty steel for automotive parts, industrial machinery parts, electrical machinery parts, construction, tool steel, etc. Its High Performance Materials and Magnetic Materials segment offers stainless steel products, nickel-based alloys, electrical and electronics parts, magnetic material products, alloy powders, titanium products, and welding wires. The company's Parts For Automobile and Industrial Equipment segment provides die forgings, precise hot forgings, and welded parts, including automotive parts and bearing races; open die forgings, such as parts for boats and ships, industrial machines, heavy electric machines, steel making equipment, chemical equipment, oil drilling rigs, and spacecraft and aircraft; and castings that comprise manganese railway rails, components for automobiles, industrial machines, electric machines and furnaces, cast steel products, etc. This segment also offers precision castings, which include automotive, industrial machines, electric machines, telecommunications equipment, etc.; and lumber industry band saws, engine valves, compressors, hydraulic equipment, and machine tool parts. Its Engineering segment provides steel making equipment; industrial furnaces and facilities; environmental equipment for drainage, exhaust, waste disposal, and treatment facilities; machine tools; and machine maintenance services. The company's Trading and Service segment engages in the provision of welfare services; real estate and insurance business; and golf course management and analysis businesses. Daido Steel Co., Ltd. was founded in 1916 and is headquartered in Nagoya, Japan.

How the Company Makes Money

Daido Steel Co Financial Statement Overview

Summary

Income Statement

Balance Sheet

Cash Flow

TTM	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Breakdown
Income Statement		Total Revenue
576.88B	578.56B	578.56B	529.67B	412.72B	490.42B
	Gross Profit
107.32B	95.93B	102.34B	92.11B	61.20B	81.04B
	EBIT
47.04B	38.87B	46.99B	36.98B	10.07B	24.77B
	EBITDA
106.72B	75.96B	83.11B	68.56B	37.99B	47.52B
	Net Income Common Stockholders
52.19B	30.55B	36.30B	26.89B	4.52B	10.99B
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
51.41B	46.01B	58.22B	58.14B	67.31B	59.56B
	Total Assets
820.67B	788.73B	773.85B	728.19B	665.51B	625.90B
	Total Debt
216.52B	176.23B	234.29B	226.47B	197.36B	192.44B
	Net Debt
165.11B	130.22B	176.06B	168.33B	130.05B	132.88B
	Total Liabilities
353.56B	331.42B	368.38B	363.18B	326.15B	316.76B
	Stockholders Equity
427.14B	418.56B	368.72B	329.71B	303.14B	273.56B
Cash Flow		Free Cash Flow
-16.00M	17.88B	1.18B	-35.75B	5.95B	-4.38B
	Operating Cash Flow
10.09B	50.24B	22.63B	-16.68B	33.77B	41.03B
	Investing Cash Flow
-10.46B	13.62B	-20.08B	-14.57B	-29.39B	-39.33B
	Financing Cash Flow
7.24B	-76.48B	-2.67B	19.40B	3.00B	10.53B

Daido Steel Co Peers Comparison

Overall Rating

UnderperformOutperform

Sector (51)

Financial Indicators

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DDL		€1.32B	7.30	6.56%	4.84%	―	―
Sector *	51 Neutral	$2.02B	-1.14	-21.37%	3.64%	2.88%	-30.57%
TOKSF		$1.12B	7.37	10.08%	3.46%	―	―
YDWAF		$1.11B	12.67	6.92%	5.97%	―	―
8T2		€925.00M	19.57	3.23%	2.08%	―	―
5463	75 Outperform	¥256.05B	10.52		3.68%	-3.56%	3.19%
5449	57 Neutral	¥103.65B	32.12		1.28%	-0.60%	3.40%

* Basic Materials Sector Average

Performance Comparison

DE:DDL

Daido Steel Co

6.00

-2.64

-30.56%

TOKSF

Tokyo Steel Manufacturing Co

9.58

3.56

59.14%

YDWAF

Yodogawa Steel Works

38.81

6.47

20.01%

DE:8T2

Aichi Steel Corporation

47.60

26.66

127.32%

JP:5449

OSAKA STEEL CO., LTD.

2,666.00

304.19

12.88%

JP:5463

Maruichi Steel Tube Ltd.

3,560.00

-87.13

-2.39%

Glossary

OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.

NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.

UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

Disclaimer

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