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DAIWA
(6459)
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Rating:77Outperform
Price Target:
¥2,035.00
▲(17.29% Upside)
Action:Reiterated
Date:08/06/26
The score is driven primarily by strong financial performance—especially the debt-free balance sheet and solid margins—offset by cash-flow volatility and weaker recent cash conversion. Technicals are supportive with price above key moving averages and positive MACD, while valuation is reasonable with a mid-teens P/E and a ~3.17% dividend yield.
Positive Factors
Debt-free balance sheet
A zero-debt capital structure provides durable financial flexibility: the company can fund capex, absorb cyclical downturns, and pursue strategic investments without leverage risk. This reduces solvency risk and supports long-term stability across manufacturing cycles.
Negative Factors
Volatile cash generation
Wide swings in free cash flow and inconsistent cash conversion versus earnings indicate working‑capital or capex timing variability. This undermines predictability for reinvestment and dividends, and raises ongoing concerns about earnings quality and operational cash resilience.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A zero-debt capital structure provides durable financial flexibility: the company can fund capex, absorb cyclical downturns, and pursue strategic investments without leverage risk. This reduces solvency risk and supports long-term stability across manufacturing cycles.
Read all positive factors
DAIWA (6459) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥90.46B
Dividend Yield3.1%
Average Volume (3M)36.42K
Price to Earnings (P/E)17.0
Beta (1Y)0.86
Revenue Growth-0.50%
EPS Growth-6.61%
CountryJP
Employees1,872
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)102.67
Shares Outstanding51,717,216
10 Day Avg. Volume44,330
30 Day Avg. Volume36,423
Financial Highlights & Ratios
PEG Ratio-2.30
Price to Book (P/B)1.11
Price to Sales (P/S)1.67
P/FCF Ratio26.54
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
DAIWA Business Overview & Revenue Model
Company Description
Operating globally and domestically within Japan, Daiwa Industries Ltd. specializes in the production, sale, and rental of a wide array of refrigeration and climate control equipment. Their product portfolio includes freezers, refrigerators, under...
How the Company Makes Money
DAIWA primarily makes money by selling industrial machinery—most notably press machines and associated automation/peripheral equipment—directly to manufacturing customers, often as part of capital expenditure for production lines. Revenue is gener...
DAIWA Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
92
Very Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 47.65B | 46.92B | 47.94B | 45.97B | 43.94B | 43.98B |
| Gross Profit | 26.50B | 25.94B | 26.67B | 25.89B | 24.20B | 24.58B |
| EBITDA | 8.16B | 8.43B | 8.92B | 8.77B | 7.61B | 6.99B |
| Net Income | 5.07B | 5.08B | 5.44B | 5.54B | 4.45B | 3.61B |
Balance Sheet | ||||||
| Total Assets | 92.84B | 93.54B | 93.63B | 92.25B | 86.11B | 82.74B |
| Cash, Cash Equivalents and Short-Term Investments | 58.10B | 59.41B | 59.59B | 60.07B | 53.87B | 55.20B |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 22.85B | 22.99B | 25.35B | 27.97B | 25.91B | 12.95B |
| Stockholders Equity | 69.99B | 70.55B | 68.28B | 64.28B | 60.20B | 69.79B |
Cash Flow | ||||||
| Free Cash Flow | 2.80B | 2.96B | 1.11B | 7.72B | 3.73B | 4.24B |
| Operating Cash Flow | 3.64B | 4.30B | 3.45B | 8.89B | 4.29B | 6.43B |
| Investing Cash Flow | -1.01B | -1.52B | -2.45B | -1.22B | -1.14B | -3.14B |
| Financing Cash Flow | -2.10B | -2.96B | -1.48B | -1.48B | -3.39B | -1.66B |
DAIWA Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ¥90.46B | 17.03 | 7.26% | 3.17% | -0.50% | -6.61% | |
77 Outperform | ¥97.21B | 13.44 | 6.24% | 4.24% | 9.06% | 5.86% | |
74 Outperform | ¥283.37B | 9.13 | 11.15% | 3.85% | 13.51% | 48.95% | |
73 Outperform | ¥77.98B | 30.00 | ― | 2.16% | -0.88% | -59.33% | |
65 Neutral | ¥241.76B | 17.88 | 9.52% | 1.33% | 4.34% | 98.54% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
52 Neutral | ¥91.10B | 38.11 | 2.91% | 2.89% | -21.58% | -98.64% |
* Industrials Sector Average
JP:6459
DAIWA
1,699.00
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DAIWA Corporate Events
Daiwa Completes Acquisition of Miura Denshi, to Begin Consolidated Accounting in 2026
Jul 1, 2026
Daiwa Ltd. has completed the acquisition of all shares of Miura Denshi Co., Ltd., an Akita-based manufacturer and seller of electrolyzed functional water generation equipment and related devices, making it a wholly owned subsidiary. The move bring...
Daiwa Industries to Acquire Electrolytic Water Equipment Maker Miura Denshi
Jun 23, 2026
Daiwa Industries has agreed to acquire all shares of long-time partner Miura Denshi, a manufacturer of electrolytic water generation equipment used in food hygiene and medical and nursing care. Miura Denshi’s products are considered highly c...
Daiwa Industries Lifts Dividend Outlook Despite Slight Profit Dip in Q1
May 12, 2026
Daiwa Industries reported first-quarter 2026 non-consolidated results showing net sales of ¥11.2 billion, up 7% year on year, while operating and ordinary profits edged down slightly and net profit slipped 1% to ¥1.0 billion, reflecting ...
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.