Daihen Corporation (JP:6622)
:6622
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Daihen Corporation
(6622)
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Rating:60Neutral
Price Target:
¥16,611.00
▲(19.68% Upside)
Action:Downgraded
Date:05/12/26
The score is driven mainly by mixed financial quality: strong growth and decent margins are weighed down by highly inconsistent operating/free cash flow and higher leverage. Technicals are supportive due to a strong uptrend, but overbought indicators add near-term risk. Valuation appears reasonable on earnings, though the low dividend yield limits support.
Positive Factors
Revenue Re-acceleration
A pronounced re-acceleration in reported revenue shows durable commercial traction across Daihen's automation and power-electronics offerings. Material top-line growth strengthens scale economics, supports investment in product development and aftermarket services, and improves bargaining power with large industrial customers over multiple quarters.
Negative Factors
Unstable Cash Generation
Operating and free cash flows have swung materially year-to-year, with OCF negative in 2023–24, a 2025 rebound and FCF returning to ~-¥7.4B in 2026. This volatility undermines the reliability of internally funded investment, increases liquidity and refinancing risk, and may force greater dependence on external financing for capex or working capital.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Re-acceleration
A pronounced re-acceleration in reported revenue shows durable commercial traction across Daihen's automation and power-electronics offerings. Material top-line growth strengthens scale economics, supports investment in product development and aftermarket services, and improves bargaining power with large industrial customers over multiple quarters.
Read all positive factors
Daihen Corporation (6622) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥373.73B
Dividend Yield1.65%
Average Volume (3M)152.80K
Price to Earnings (P/E)27.4
Beta (1Y)1.54
Revenue Growth5.02%
EPS Growth19.84%
CountryJP
Employees4,669
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)549.79
Shares Outstanding24,903,292
10 Day Avg. Volume202,710
30 Day Avg. Volume152,803
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
¥17,850.00Price Target Upside28.60% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)736.15
Revenue Forecast (FY)¥270.64B
Daihen Corporation Business Overview & Revenue Model
Company Description
DAIHEN Corporation manufactures and sells power products, welding machines, and industrial and clean transfer robots. The company operates through Power Products Business, Welding & Mechatronics Business, Semiconductor and FPD Related Business, an...
How the Company Makes Money
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Daihen Corporation Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
67
Positive
Cash Flow
38
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 232.13B | 237.74B | 226.38B | 188.57B | 185.29B | 160.62B |
| Gross Profit | 66.03B | 66.41B | 62.76B | 52.73B | 52.48B | 48.05B |
| EBITDA | 24.99B | 25.72B | 22.74B | 20.47B | 21.64B | 19.23B |
| Net Income | 13.30B | 14.11B | 11.96B | 16.49B | 13.19B | 10.98B |
Balance Sheet | ||||||
| Total Assets | 288.90B | 320.18B | 290.23B | 277.20B | 212.69B | 194.80B |
| Cash, Cash Equivalents and Short-Term Investments | 28.90B | 34.16B | 30.35B | 23.33B | 15.27B | 24.82B |
| Total Debt | 72.30B | 85.04B | 68.94B | 66.45B | 33.21B | 27.60B |
| Total Liabilities | 134.33B | 149.42B | 136.94B | 128.60B | 92.78B | 89.16B |
| Stockholders Equity | 139.09B | 154.03B | 138.37B | 134.14B | 113.80B | 99.69B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -7.43B | 16.06B | -15.90B | -11.70B | 9.52B |
| Operating Cash Flow | 0.00 | 4.94B | 24.01B | -8.99B | -7.23B | 12.95B |
| Investing Cash Flow | 0.00 | -10.84B | -9.60B | -10.56B | -4.72B | -3.30B |
| Financing Cash Flow | 0.00 | 7.47B | -5.98B | 25.95B | 1.90B | -5.31B |
Daihen Corporation Technical Analysis
Positive
13880.00
Price Trends
14333.70
Positive
13287.83
Positive
10968.48
Positive
Market Momentum
588.81
Positive
55.24
Neutral
55.51
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 below the 20-day moving average (MA) of 16471.00, below the 50-day MA of 14333.70, and above the 200-day MA of 10968.48, indicating a neutral trend. The MACD of 588.81 indicates Positive momentum. The RSI at 55.24 is Neutral, neither overbought nor oversold. The STOCH value of 55.51 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 |
|---|---|---|---|---|---|---|---|
80 Outperform | ¥72.22B | 12.78 | ― | 2.63% | 2.11% | 0.91% | |
74 Outperform | ¥650.02B | 35.70 | 5.25% | 2.13% | -7.11% | 68.57% | |
72 Outperform | ¥451.00B | 32.18 | ― | 2.50% | 1.45% | 0.37% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
60 Neutral | ¥373.73B | 27.40 | ― | 1.65% | 5.02% | 19.84% | |
56 Neutral | ¥809.80B | -12.83 | 1.88% | 6.16% | 1.98% | -48.28% | |
55 Neutral | ¥755.67B | 456.64 | 5.94% | 0.56% | 7.03% | -53.53% |
* Industrials Sector Average
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Daihen Corporation Corporate Events
Daihen Lifts Profit, Dividends and Forecast on Strengthening Financial Base
May 14, 2026
Daihen Corporation reported consolidated net sales of ¥237.7 billion for the fiscal year ended March 31, 2026, up 5.0% year on year, with operating profit rising 16.1% to ¥18.8 billion and profit attributable to owners of parent climbing...
Daihen Lifts Year-End Dividend, Boosts Annual Payout on Strong Earnings
May 11, 2026
Daihen Corporation’s board has approved a proposal to raise its year-end dividend for the fiscal year ended March 31, 2026, increasing the payout to ¥96 per share from the previously forecast ¥92, subject to shareholder approval at...
Daihen Lifts Profit and Dividends as It Targets Further Growth in FY2027
May 11, 2026
Daihen reported consolidated net sales of ¥237.7 billion for the year ended March 31, 2026, up 5.0% year-on-year, with operating profit rising 16.1% to ¥18.8 billion and profit attributable to owners of the parent climbing 18.0% to ¥...
Daihen to Dissolve Beijing Transformer Subsidiary in Cost-Cutting Move
Mar 27, 2026
Daihen Corporation has decided to dissolve its wholly owned Chinese subsidiary, Daihen OTC (Beijing) Co., Ltd., which manufactures transformers for the Japanese market. The move is part of a broader effort to streamline production bases and streng...
Daihen Completes ¥3.5 Billion Share Buyback Program
Mar 6, 2026
Daihen Corporation has completed a previously authorized share repurchase program, buying back 22,600 shares of its common stock between March 1 and March 5, 2026, via market purchases under a discretionary dealing contract. This latest tranche co...
Daihen Nears Cap on ¥4 Billion Share Buyback Program
Mar 4, 2026
Daihen Corporation has repurchased 277,400 shares of its common stock for a total of ¥3.26 billion between February 4 and February 28, 2026, under a board-approved share buyback program. The shares were acquired through market transactions, 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.