Dai Nippon Toryo Company, Limited (JP:4611)
:4611
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Dai Nippon Toryo Company, Limited
(4611)
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Rating:52Neutral
Price Target:
¥1,216.00
▼(-9.73% Downside)
Action:Downgraded
Date:05/15/26
The score is primarily constrained by weaker fundamentals: a steep 2026 margin/ROE deterioration and persistently negative free cash flow despite a conservative balance sheet. Technicals also lean bearish with the stock below major moving averages and negative MACD. Valuation is somewhat supported by the high dividend yield, but the P/E remains only moderate.
Positive Factors
Conservative leverage / balance-sheet resilience
Low debt (D/E ~0.23 in 2026) and steady equity growth give the company financial flexibility to fund investment or weather cyclical weakness without immediate refinancing risk. This durable balance-sheet strength supports long-term operations and strategic optionality even if cash flow weakens.
Negative Factors
Sharp profitability deterioration and ROE decline
A dramatic fall in net margin and ROE signals meaningful deterioration in profit generation and returns on capital. Persistently weak profitability undermines the company’s ability to compound shareholder value, fund growth internally, and sustain dividends without relying on balance-sheet capacity or restructuring.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative leverage / balance-sheet resilience
Low debt (D/E ~0.23 in 2026) and steady equity growth give the company financial flexibility to fund investment or weather cyclical weakness without immediate refinancing risk. This durable balance-sheet strength supports long-term operations and strategic optionality even if cash flow weakens.
Read all positive factors
Dai Nippon Toryo Company, Limited (4611) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥35.55B
Dividend Yield3.7%
Average Volume (3M)47.92K
Price to Earnings (P/E)20.7
Beta (1Y)0.97
Revenue Growth29.30%
EPS Growth-82.16%
CountryJP
Employees2,113
SectorBasic Materials
Sector Strength58
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)303.87
Shares Outstanding29,710,678
10 Day Avg. Volume46,470
30 Day Avg. Volume47,920
Financial Highlights & Ratios
PEG Ratio-0.25
Price to Book (P/B)0.52
Price to Sales (P/S)0.37
P/FCF Ratio-17.53
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
Dai Nippon Toryo Company, Limited Business Overview & Revenue Model
Company Description
Dai Nippon Toryo Company,Limited manufactures and sells coatings and jet inks in Japan and internationally. It offers anticorrosive coatings for steel frames of buildings, bridges, industrial plants, and concrete structures; and decorative coating...
How the Company Makes Money
null...
Dai Nippon Toryo Company, Limited Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
72
Positive
Cash Flow
38
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 77.33B | 93.76B | 72.51B | 71.94B | 72.85B | 66.95B |
| Gross Profit | 23.23B | 25.88B | 22.46B | 21.80B | 20.62B | 19.66B |
| EBITDA | 13.98B | 6.91B | 14.33B | 9.74B | 7.38B | 6.22B |
| Net Income | 8.66B | 1.69B | 9.44B | 4.60B | 3.46B | 2.03B |
Balance Sheet | ||||||
| Total Assets | 133.27B | 137.49B | 133.34B | 101.62B | 92.81B | 87.70B |
| Cash, Cash Equivalents and Short-Term Investments | 11.75B | 11.33B | 12.65B | 8.43B | 6.86B | 6.78B |
| Total Debt | 15.12B | 15.13B | 12.22B | 6.10B | 6.18B | 5.54B |
| Total Liabilities | 59.10B | 60.81B | 57.17B | 39.13B | 37.59B | 35.71B |
| Stockholders Equity | 63.35B | 66.89B | 65.17B | 59.71B | 52.20B | 49.26B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -1.99B | -1.01B | -739.00M | -1.88B | 1.87B |
| Operating Cash Flow | 0.00 | 3.01B | 3.57B | 3.46B | 1.28B | 3.36B |
| Investing Cash Flow | 0.00 | -3.40B | -364.00M | -772.00M | -1.45B | -966.00M |
| Financing Cash Flow | 0.00 | -189.00M | -75.00M | -1.66B | -473.00M | -2.84B |
Dai Nippon Toryo Company, Limited Technical Analysis
Positive
1347.00
Price Trends
1254.06
Positive
1295.63
Negative
1262.04
Negative
Market Momentum
-7.56
Negative
52.19
Neutral
38.58
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4611, the sentiment is Positive. The current price of 1347 is above the 20-day moving average (MA) of 1241.40, above the 50-day MA of 1254.06, and above the 200-day MA of 1262.04, indicating a neutral trend. The MACD of -7.56 indicates Negative momentum. The RSI at 52.19 is Neutral, neither overbought nor oversold. The STOCH value of 38.58 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:4611.
Dai Nippon Toryo Company, Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ¥148.24B | 11.18 | 6.23% | 1.11% | 3.36% | 14.17% | |
69 Neutral | ¥2.40T | 11.00 | 11.64% | 1.52% | 11.97% | 45.59% | |
69 Neutral | ¥557.92B | 21.11 | ― | 3.26% | 15.83% | 124.18% | |
64 Neutral | ¥437.97B | 4.51 | 8.14% | 2.61% | -0.45% | 50.53% | |
63 Neutral | ¥395.07B | 13.04 | 13.71% | 3.38% | 0.16% | -12.55% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
52 Neutral | ¥35.55B | 20.68 | ― | 3.70% | 29.30% | -82.16% |
* Basic Materials Sector Average
JP:4611
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Dai Nippon Toryo Company, Limited Corporate Events
Dai Nippon Toryo Posts Profit Slump Despite Higher Sales, Targets Earnings Rebound in FY 2027
May 13, 2026
Dai Nippon Toryo reported a 29.3% rise in net sales to ¥93.8 billion for the year ended March 31, 2026, but operating profit fell 18.3% and profit attributable to owners of parent plunged 82.1%, squeezed by lower margins despite higher revenu...
Dai Nippon Toryo Sets September Date for Osaka Head Office Relocation
Apr 24, 2026
Dai Nippon Toryo has finalized the timing and details of its head office relocation within Osaka, moving from Minami-Semba to a new address in Hiranomachi, Chuo-ku. The board has set September 24, 2026, as the date on which operations will begin a...
Dai Nippon Toryo Director Resigns to Take Executive Role at Subsidiary
Mar 3, 2026
Dai Nippon Toryo Co., Ltd. announced that Director Masayuki Nakatani will resign from the board effective March 31, 2026. The company clarified that this leadership change will not affect its compliance with legal or Articles of Incorporation requ...
Dai Nippon Toryo Corrects Subsidiary Financial Data in FY2026 Forecast Revision Notice
Feb 27, 2026
Dai Nippon Toryo Co., Ltd., a Japanese coatings manufacturer listed on the TSE Prime, operates globally with wholly owned production and sales bases such as DNT (Zhejiang) Co., Ltd. in China. The group supplies coatings and raw materials across in...
Dai Nippon Toryo Exits Key China Subsidiary to Refocus on Profit Growth
Feb 26, 2026
Dai Nippon Toryo has decided to transfer all equity in its Chinese subsidiary DNT (Zhejiang) Co., Ltd. to Chugoku Marine Paints’ Hong Kong unit, effectively ending its long-running effort to revive its Chinese coatings business. The move fol...
Dai Nippon Toryo Reshapes Organization and Executive Lineup to Drive Vision 2029 Growth
Feb 25, 2026
Dai Nippon Toryo will implement organizational reforms and rename several Japanese divisions, including its coating, specialty, technical development, and production units, effective April 1, 2026, to unify organizational naming and strengthen str...
Dai Nippon Toryo to Scrap Anti-Takeover Plan and Revise Articles
Feb 25, 2026
Dai Nippon Toryo will end its long-standing anti-takeover plan when it expires at the close of the 143rd Ordinary General Meeting of Shareholders scheduled for June 24, 2026. The company also plans to delete related anti-takeover provisions from i...
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.