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Daihen Corporation
(6622)
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Rating:57Neutral
Price Target:
¥3,110.00
▼(-77.59% Downside)
Action:Reiterated
Date:09/30/26
The score is held back primarily by weak financial quality signals—especially highly volatile operating/free cash flow and increased leverage—despite strong revenue growth and solid reported margins. Technicals also lean negative with the stock below key moving averages and a negative MACD. Valuation is a supporting factor due to the high dividend yield, partially offsetting the operational and trend risks.
Positive Factors
Strong revenue expansion
The sharp 2026 revenue acceleration indicates strong demand across Daihen’s industrial equipment activities and provides greater operating scale. If growth remains supported by manufacturing automation and power-investment needs, it can reinforce market position and support earnings over the coming quarters.
Negative Factors
Unreliable cash generation
Volatile operating cash flow and recurring swings in free cash flow make reported earnings less dependable as a source of cash returns. Negative 2026 free cash flow can constrain funding flexibility and reduce confidence that profitability will consistently translate into internally generated cash.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue expansion
The sharp 2026 revenue acceleration indicates strong demand across Daihen’s industrial equipment activities and provides greater operating scale. If growth remains supported by manufacturing automation and power-investment needs, it can reinforce market position and support earnings over the coming quarters.
Read all positive factors
Daihen Corporation (6622) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥366.91B
Dividend Yield4.13%
Average Volume (3M)854.36K
Price to Earnings (P/E)23.3
Beta (1Y)1.67
Revenue Growth5.19%
EPS Growth13.96%
CountryJP
Employees4,542
SectorIndustrials
Sector Strength72
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)118.26
Shares Outstanding124,516,460
10 Day Avg. Volume1,173,970
30 Day Avg. Volume854,356
Financial Highlights & Ratios
PEG Ratio0.95
Price to Book (P/B)1.73
Price to Sales (P/S)1.12
P/FCF Ratio-35.87
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥3,350.00Price Target Upside-75.86% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)160.87
Revenue Forecast (FY)¥285.77B
Daihen Corporation Business Overview & Revenue Model
Company Description
DAIHEN Corporation, headquartered in Osaka, Japan, was established in 1919 and has grown into a diverse manufacturer and service provider, operating across key segments including Power Products, Welding & Mechatronics, Semiconductor and FPD Relate...
How the Company Makes Money
Daihen primarily makes money by manufacturing and selling industrial and infrastructure equipment, plus associated systems and after-sales services. Key revenue streams include: (1) Welding and cutting: sales of welding machines and power sources,...
Daihen Corporation Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
67
Positive
Cash Flow
38
Negative
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 237.74B | 226.38B | 188.57B | 185.29B | 160.62B |
| Gross Profit | 66.41B | 62.76B | 52.73B | 52.48B | 48.05B |
| EBITDA | 29.79B | 25.30B | 27.02B | 23.27B | 20.77B |
| Net Income | 14.11B | 11.96B | 16.49B | 13.19B | 10.98B |
Balance Sheet | |||||
| Total Assets | 320.18B | 290.23B | 277.20B | 212.69B | 194.80B |
| Cash, Cash Equivalents and Short-Term Investments | 34.16B | 30.35B | 23.33B | 15.27B | 24.82B |
| Total Debt | 85.04B | 68.94B | 66.45B | 33.21B | 27.60B |
| Total Liabilities | 149.42B | 136.94B | 128.60B | 92.78B | 89.16B |
| Stockholders Equity | 154.03B | 138.37B | 134.14B | 113.80B | 99.69B |
Cash Flow | |||||
| Free Cash Flow | -7.43B | 16.06B | -15.90B | -11.70B | 9.52B |
| Operating Cash Flow | 4.94B | 24.01B | -8.99B | -7.23B | 12.95B |
| Investing Cash Flow | -10.84B | -9.60B | -10.56B | -4.72B | -3.30B |
| Financing Cash Flow | 7.47B | -5.98B | 25.95B | 1.90B | -5.31B |
Daihen Corporation Technical Analysis
Positive
13880.00
Price Trends
2622.77
Positive
2920.95
Positive
2718.83
Positive
Market Momentum
91.87
Negative
66.99
Neutral
79.95
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6622, the sentiment is Positive. The current price of 13880 is above the 20-day moving average (MA) of 2613.12, above the 50-day MA of 2622.77, and above the 200-day MA of 2718.83, indicating a bullish trend. The MACD of 91.87 indicates Negative momentum. The RSI at 66.99 is Neutral, neither overbought nor oversold. The STOCH value of 79.95 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:6622.
Daihen Corporation Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ¥79.37B | 11.92 | ― | 3.50% | 9.99% | 41.83% | |
66 Neutral | ¥569.45B | 28.60 | 7.86% | 1.67% | -7.97% | 70.99% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
58 Neutral | ¥751.66B | 18.41 | -14.41% | 3.26% | ― | ― | |
57 Neutral | ¥366.91B | 23.28 | ― | 4.13% | 5.19% | 13.96% | |
57 Neutral | ¥390.69B | 23.21 | ― | 1.66% | 11.01% | 29.70% | |
51 Neutral | ¥598.76B | 201.62 | 3.70% | 0.32% | 11.76% | -21.18% |
* Industrials Sector Average
JP:6622
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Daihen Corporation Corporate Events
Daihen Delivers Strong Q1 Earnings and Confirms Forecasts Ahead of Share Split
Aug 7, 2026
Daihen reported solid growth for the three months ended June 30, 2026, with net sales rising 13.1% year on year to ¥55.5 billion and profit attributable to owners of parent climbing 40.9% to ¥2.8 billion. Operating and ordinary profits a...
Daihen Announces Five-for-One Share Split and Adjusts Dividend Forecasts
Aug 4, 2026
Daihen Corporation’s board has approved a five-for-one share split of its common stock, effective October 1, 2026, with a record date of September 30, 2026, aiming to lower the investment unit price, improve liquidity, and broaden its invest...
Daihen Lifts Quarterly Profits and Confirms Share Split Plan
Aug 4, 2026
Daihen Corporation reported strong results for the quarter ended June 30, 2026, with net sales rising 13.1% year on year to ¥55.5 billion and profit attributable to owners of parent jumping 40.9% to ¥2.8 billion. Earnings per share climb...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.