Dawn Corporation (JP:2303)
:2303
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Dawn Corporation
(2303)
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Rating:78Outperform
Price Target:
¥3,308.00
▲(34.31% Upside)
Action:ReiteratedDate:12/30/25
The score is primarily supported by strong financial performance, led by high margins and an exceptionally low-risk, debt-free balance sheet, offset by some cash flow volatility in the most recent year. Technical indicators are moderately positive with improving momentum, while valuation is fair but not a strong bargain given the ~19x P/E and low dividend yield.
Positive Factors
High Profitability and Margins
Sustainably high gross and operating margins indicate durable pricing power and efficient cost structure. These margins provide an ongoing earnings cushion against demand swings, support internal reinvestment and dividend capacity, and underpin consistent ROE over time.
Negative Factors
Cash-Flow Variability
Operating cash flow deterioration and a drop in free cash flow despite higher profits point to timing or working-capital swings. This reduces predictability of internally funded investments, dividends, and share repurchases, and raises execution risk for multi-quarter plans.
Read all positive and negative factors
Positive Factors
Negative Factors
High Profitability and Margins
Sustainably high gross and operating margins indicate durable pricing power and efficient cost structure. These margins provide an ongoing earnings cushion against demand swings, support internal reinvestment and dividend capacity, and underpin consistent ROE over time.
Read all positive factors
Dawn Corporation (2303) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥9.29B
Dividend Yield0.99%
Average Volume (3M)7.70K
Price to Earnings (P/E)20.7
Beta (1Y)0.53
Revenue Growth-0.69%
EPS Growth-6.98%
CountryJP
Employees63
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)29.47
Shares Outstanding3,300,000
10 Day Avg. Volume14,780
30 Day Avg. Volume7,700
Financial Highlights & Ratios
PEG Ratio1.80
Price to Book (P/B)2.53
Price to Sales (P/S)4.23
P/FCF Ratio23.15
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Dawn Corporation Business Overview & Revenue Model
Company Description
Dawn Corp. engages in the development and maintenance of Saas based geographic information systems (GIS) in Japan. It provides NET119, a cloud emergency call services; Live110 and Live119, a video reporting system; DMaCS, a disaster information sh...
How the Company Makes Money
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Dawn Corporation Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
92
Very Positive
Cash Flow
74
Positive
| Breakdown | TTM | May 2024 | May 2023 | May 2022 | May 2021 | May 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.59B | 1.65B | 1.50B | 1.37B | 1.22B | 1.12B |
| Gross Profit | 1.05B | 1.08B | 1.02B | 888.64M | 818.80M | 735.09M |
| EBITDA | 539.57M | 579.30M | 537.92M | 446.43M | 403.36M | 343.90M |
| Net Income | 391.83M | 418.77M | 388.12M | 321.06M | 283.50M | 237.72M |
Balance Sheet | ||||||
| Total Assets | 2.97B | 3.07B | 2.82B | 2.50B | 2.37B | 2.10B |
| Cash, Cash Equivalents and Short-Term Investments | 1.67B | 1.73B | 1.92B | 1.79B | 2.07B | 1.78B |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 231.73M | 323.98M | 334.94M | 270.16M | 229.27M | 220.58M |
| Stockholders Equity | 2.74B | 2.75B | 2.48B | 2.23B | 2.14B | 1.88B |
Cash Flow | ||||||
| Free Cash Flow | 151.45M | 301.18M | 397.07M | 362.85M | 254.40M | 227.76M |
| Operating Cash Flow | 151.37M | 302.56M | 414.66M | 365.69M | 257.07M | 228.54M |
| Investing Cash Flow | -167.52M | -336.79M | -129.51M | -58.83M | -102.67M | -110.78M |
| Financing Cash Flow | -80.14M | -161.19M | -149.18M | -244.50M | -38.37M | -31.86M |
Dawn Corporation Technical Analysis
Positive
2463.00
Price Trends
2671.00
Positive
2576.46
Positive
2503.09
Positive
Market Momentum
46.33
Negative
66.77
Neutral
81.85
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2303, the sentiment is Positive. The current price of 2463 is below the 20-day moving average (MA) of 2698.05, below the 50-day MA of 2671.00, and below the 200-day MA of 2503.09, indicating a bullish trend. The MACD of 46.33 indicates Negative momentum. The RSI at 66.77 is Neutral, neither overbought nor oversold. The STOCH value of 81.85 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:2303.
Dawn Corporation Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ¥9.29B | 20.68 | ― | 0.99% | -0.69% | -6.98% | |
66 Neutral | ¥11.06B | 25.64 | ― | 1.51% | 8.65% | 12.86% | |
66 Neutral | ¥4.47B | 21.99 | ― | ― | 7.60% | 19.13% | |
63 Neutral | ¥4.96B | 9.17 | ― | 2.28% | ― | ― | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
60 Neutral | ¥6.86B | 27.15 | ― | ― | 11.32% | ― | |
52 Neutral | ¥11.38B | -39.56 | ― | ― | -6.35% | 71.66% |
* Technology Sector Average
JP:2303
Dawn Corporation
2,899.00
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34.06%
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Dawn Corporation Corporate Events
Dawn Corporation Posts Profit Growth on Modest Sales Increase, Raises Annual Dividend Forecast
Jan 8, 2026
For the six months ended 30 November 2025, Dawn Corporation reported modest top-line growth with net sales rising 1.7% year on year to ¥646 million, while operating profit increased 7.6% to ¥206 million and ordinary profit grew 9.4% to &...
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.