Top Page
Dowa Holdings Co
(5714)
Dowa Holdings Co (5714) vs. iShares MSCI Japan ETF (EWJ)
Dowa Holdings Co Business Overview & Revenue Model
Dowa Holdings Co Financial Statement Overview
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 649.81B | 678.67B | 717.19B | 780.06B | 831.79B | 588.00B |
| Gross Profit | 81.13B | 86.63B | 81.45B | 88.82B | 106.42B | 75.85B |
| EBITDA | 57.03B | 68.71B | 70.05B | 70.91B | 100.84B | 60.30B |
| Net Income | 21.75B | 27.13B | 27.85B | 25.04B | 51.01B | 21.82B |
Balance Sheet | ||||||
| Total Assets | 649.53B | 673.54B | 632.77B | 655.28B | 657.28B | 598.47B |
| Cash, Cash Equivalents and Short-Term Investments | 41.02B | 43.58B | 75.07B | 38.82B | 36.85B | 18.28B |
| Total Debt | 126.21B | 132.86B | 116.24B | 156.32B | 171.50B | 192.13B |
| Total Liabilities | 239.55B | 257.50B | 243.98B | 294.68B | 328.70B | 321.75B |
| Stockholders Equity | 391.80B | 398.40B | 372.99B | 344.89B | 313.45B | 265.70B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -34.35B | 80.27B | 17.65B | 28.13B | -38.11B |
| Operating Cash Flow | 0.00 | 12.83B | 118.63B | 50.73B | 59.91B | -3.09B |
| Investing Cash Flow | 0.00 | -41.42B | -26.26B | -30.14B | -11.34B | -22.94B |
| Financing Cash Flow | 0.00 | -4.12B | -59.20B | -19.96B | -31.19B | 11.59B |
Dowa Holdings Co Technical Analysis
Dowa Holdings Co Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ¥193.49B | 13.60 | 11.58% | 1.62% | 9.81% | 30.20% | |
74 Outperform | ¥338.66B | 32.78 | 6.77% | 2.30% | 8.19% | 34.88% | |
68 Neutral | ¥3.59T | 35.98 | 1.33% | 1.98% | 3.15% | -63.65% | |
66 Neutral | ¥797.33B | 36.87 | 2.14% | 2.83% | -0.64% | -65.65% | |
66 Neutral | ¥703.92B | 31.40 | 5.02% | 2.12% | -7.98% | -42.51% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
53 Neutral | ¥23.91B | 12.65 | -111.61% | ― | -11.92% | 61.16% |
Dowa Holdings Co Corporate Events
DOWA Holdings Co., Ltd. has completed a share buyback authorized under its Articles of Incorporation, repurchasing 1,012,000 common shares for approximately ¥9.99 billion on February 12, 2026. The transaction was executed via the Tokyo Stock Exchange’s off-auction own share repurchase trading system (ToSTNeT-3).
The company stated that the buyback is intended to improve capital efficiency, enhance shareholder returns, and support flexible capital policy amid a changing business environment. This repurchase nearly exhausts the board-approved ceiling of 1,230,000 shares and ¥10 billion, effectively concluding the share acquisition program well ahead of its scheduled end date of May 29, 2026.
The most recent analyst rating on (JP:5714) stock is a Hold with a Yen10563.00 price target. To see the full list of analyst forecasts on Dowa Holdings Co stock, see the JP:5714 Stock Forecast page.
Dowa Holdings Co., Ltd. has approved a specific method for repurchasing its own shares, opting to use the Tokyo Stock Exchange’s off-auction ToSTNeT-3 system at the February 10 closing price of ¥9,872. The company plans to place a consigned purchase order at 8:45 a.m. on February 12 for up to 1,012,000 common shares, with results to be announced immediately after the transaction window.
This transaction forms part of a broader share buyback program authorized the same day, allowing for the acquisition of up to 1,230,000 shares, or 2.04% of shares outstanding excluding treasury stock, for a maximum of ¥10 billion between February 12 and May 29, 2026. By tightening its share base through both off-auction and open-market purchases, Dowa is signaling an active capital allocation stance that could enhance shareholder value and influence its share liquidity and market valuation.
The most recent analyst rating on (JP:5714) stock is a Hold with a Yen9646.00 price target. To see the full list of analyst forecasts on Dowa Holdings Co stock, see the JP:5714 Stock Forecast page.
Dowa Holdings has announced a leadership reshuffle aimed at strengthening its management structure and accelerating execution of its current medium-term plan. The board approved the promotion of long-serving executive Kensaku Fukuda, currently president of Dowa Metals & Mining, to vice president and executive officer from April 1, 2026, as part of a staged transition.
From June 24, 2026, subject to shareholder and board approval, current president and CEO Akira Sekiguchi will move to the role of representative director, chairman and CEO, while Fukuda will become representative director, president and COO. The move elevates an executive with extensive experience across the group’s zinc and metals operations, signaling a continuity-focused succession plan designed to reinforce governance and operational execution for stakeholders.
The most recent analyst rating on (JP:5714) stock is a Hold with a Yen9646.00 price target. To see the full list of analyst forecasts on Dowa Holdings Co stock, see the JP:5714 Stock Forecast page.
Dowa Holdings has authorized a new share buyback of up to 1.23 million common shares, equivalent to about 2.04 percent of its outstanding stock excluding treasury shares, with a budget cap of ¥10 billion. The program will run from February 12 to May 29, 2026, with purchases executed via the Tokyo Stock Exchange’s off-auction ToSTNeT-3 system and regular market trading, aiming to improve capital efficiency, enhance shareholder returns, and maintain flexibility in capital policy amid a changing business environment.
The decision underscores Dowa’s continued emphasis on shareholder-friendly measures, adding to its existing treasury stock position of 1.83 million shares as of December 31, 2025. By tightening the share base and signaling disciplined balance sheet management, the company is positioning itself to respond swiftly to market conditions while potentially supporting its share price and return profile for investors.
The most recent analyst rating on (JP:5714) stock is a Hold with a Yen9646.00 price target. To see the full list of analyst forecasts on Dowa Holdings Co stock, see the JP:5714 Stock Forecast page.
Dowa Holdings will transfer a portion of its shares in long-held equity-method affiliate Fujita Kanko Inc. to NSSK-GAMMA2 G.K., resulting in Fujita Kanko’s removal from its equity-method affiliates, as part of a broader push to optimize capital allocation and cut strategic shareholdings by 50% by fiscal 2030. The transaction will generate about ¥23 billion in extraordinary income, with after-tax proceeds mainly funneled into enhanced shareholder returns via a ¥100 special dividend, an approved share buyback of up to ¥10 billion, and further repurchases over the life of the Medium-term Plan 2027 to help achieve a 10% ROE target while supporting Fujita Kanko’s future growth under its new partner.
The most recent analyst rating on (JP:5714) stock is a Hold with a Yen9646.00 price target. To see the full list of analyst forecasts on Dowa Holdings Co stock, see the JP:5714 Stock Forecast page.
Dowa Holdings has revised its full-year consolidated forecast for the year ending March 31, 2026, projecting higher net sales and a sharp increase in profit attributable to owners of parent, despite a slight downgrade to operating profit. The company now expects stronger sales of information and communication-related products, a weaker yen, and higher precious metal prices, which together with increased equity-method income from overseas zinc mines and a large gain on sale of investment securities will lift ordinary and net profits.
By segment, the Environmental Management & Recycling and Metal Processing businesses are set to post higher sales and profit than previously forecast, while Nonferrous Metals will see lower operating profit due to derivative valuation losses triggered by the late-third-quarter surge in precious metal prices. Electronic Materials is expected to swing toward positive ordinary profit, and although derivative gains and losses are excluded from fourth-quarter projections, the anticipated extraordinary income of roughly ¥23 billion underpins an overall upward revision to full-year earnings guidance and signals improved returns for shareholders.
The most recent analyst rating on (JP:5714) stock is a Hold with a Yen9646.00 price target. To see the full list of analyst forecasts on Dowa Holdings Co stock, see the JP:5714 Stock Forecast page.
Dowa Holdings reported consolidated net sales of ¥498.7 billion for the third quarter of fiscal 2025, down 4% from the prior-year period, while operating profit halved to ¥12.7 billion and ordinary profit fell 36% to ¥21.9 billion. Despite weaker profitability in the quarter, profit attributable to owners of the parent reached ¥18.5 billion, narrowing the year-on-year decline to 22% and underpinning a sharp full-year forecast increase to ¥54.0 billion amid a backdrop of higher copper and zinc prices and a weaker yen.
The company maintains full-year forecasts of ¥710.0 billion in net sales and ¥27.0 billion in operating profit, implying some recovery in earnings momentum in the final quarter. Assumptions for the remainder of fiscal 2025 include a yen-dollar exchange rate of ¥155 and higher average copper and zinc prices versus the first three quarters, suggesting that market conditions and commodity trends will remain key drivers for Dowa’s margins and returns to shareholders.
The most recent analyst rating on (JP:5714) stock is a Hold with a Yen9646.00 price target. To see the full list of analyst forecasts on Dowa Holdings Co stock, see the JP:5714 Stock Forecast page.
Dowa Holdings reported consolidated net sales of ¥498.7 billion for the nine months ended Dec. 31, 2025, down 3.6% year on year, with operating profit halving to ¥12.7 billion and profit attributable to owners falling 21.9% to ¥18.6 billion. Despite weaker interim earnings and a lower equity-to-asset ratio of 52.3%, the group forecasts full-year sales growth to ¥710 billion and a near doubling of full-year profit to ¥54 billion, while also sharply raising its annual dividend forecast to ¥318 per share, including a sizable special dividend, underscoring confidence in future cash generation and shareholder returns.
Total assets rose to ¥774.1 billion as of Dec. 31, 2025, while net assets increased to ¥422.9 billion, reflecting balance-sheet expansion even as profitability softened in the period. The company also adjusted the scope of consolidation by excluding one subsidiary and confirmed there were no changes in accounting policies or restatements, providing investors with continuity in reporting as it targets higher earnings and enhanced dividends in the current fiscal year.
The most recent analyst rating on (JP:5714) stock is a Hold with a Yen9646.00 price target. To see the full list of analyst forecasts on Dowa Holdings Co stock, see the JP:5714 Stock Forecast page.