DAIHEN Corporation logo

DAIHEN Corporation

6622.T

JPXIndustrialsElectrical Equipment & Parts

Latest quote

¥12,800

−¥220 · -1.69%

Aug 24, 3:30 PM JST

6622.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

DAIHEN Corporation, headquartered in Osaka, Japan, was established in 1919 and has grown into a diverse manufacturer and service provider, operating across key segments including Power Products, Welding & Mechatronics, Semiconductor and FPD Related Business, and other specialized areas. The company's Power Products division focuses on vital electrical infrastructure, producing transformers, power distribution equipment, and solar inverters. Its Welding & Mechatronics segment offers a comprehensive suite of welding and cutting solutions, encompassing various machine types such as CO2/MAG, TIG, MIG, plasma, submerged arc, and resistance welders, along with torches, accessories, thermal spray machines, and peripheral equipment. This division also develops advanced industrial robots, complete with teach pendants, welding sensors, positioners, sliders, PC software, and integrated power sources for robotic welding applications. For the Semiconductor and Flat Panel Display (FPD) industries, DAIHEN supplies critical technology like RF/MW generators, automatic matching units for plasma processes, and high-precision clean transfer robots. Beyond these core areas, the company's portfolio extends to wireless power transfer systems, various electronic devices, lighting components (stabilizers, ballasts), heating elements (calorifiers), switches, housing equipment, control and distribution panels, sophisticated monitoring systems, and material handling equipment for semiconductor and flat panel manufacturing. DAIHEN's service offerings cover the entire lifecycle of its products, including installation, repair, inspection, maintenance, and modernization of welding machines, cutting equipment, industrial robots, transformers, and switchgear. The company also engages in manufacturing and coating transformer parts, personnel dispatch, employee welfare initiatives, metal processing, and real estate leasing. Originally incorporated as Osaka Transformer Co., Ltd., the company rebranded as DAIHEN Corporation in December 1985.

Industry
Electrical Equipment & Parts
Sector
Industrials
Headquarters
JP
CEO
Tetsuya Tajiri
Listed since
Jan 1, 2001
Employees
4,542

Market position

Day range

Current ¥12,800

52-week range

Current ¥12,800

Open
¥13,010
Previous close
¥13,020
Volume
178.5K
0.7× average
Average volume
256.5K
Average daily volume
Market cap
302.17B JPY
Beta
1.14
Market reference 1
50-day average
¥15,400.4
-16.89% below average
200-day average
¥13,270.2
-3.54% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
317.37B JPY
P/E (TTM)
20.43×
P/B (TTM)
1.93×
P/S (TTM)
1.24×
EV / EBITDA
10.65×
Earnings yield
5.29%
Free cash flow yield
-2.79%
Dividend yield
1.41%

Profitability & efficiency

Gross margin
28.04%
Operating margin
8.07%
Net margin
6.11%
Return on equity
9.16%
Return on assets
4.41%
Return on invested capital
5.07%

Financial health

Debt / equity
0.53×
Current ratio
2.06×
Altman Z-score
3.19
Piotroski F-score
5 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends32%23%13%3%Gross margin, FY2021: 29.92%Gross margin, FY2022: 28.32%Gross margin, FY2023: 27.96%Gross margin, FY2024: 27.72%Gross margin, FY2025: 27.93%Operating margin, FY2021: 8.84%Operating margin, FY2022: 8.94%Operating margin, FY2023: 8.03%Operating margin, FY2024: 7.14%Operating margin, FY2025: 7.90%Net margin, FY2021: 6.84%Net margin, FY2022: 7.12%Net margin, FY2023: 8.75%Net margin, FY2024: 5.28%Net margin, FY2025: 5.93%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 29.92%. Gross margin FY2022 28.32%. Gross margin FY2023 27.96%. Gross margin FY2024 27.72%. Gross margin FY2025 27.93%. Operating margin FY2021 8.84%. Operating margin FY2022 8.94%. Operating margin FY2023 8.03%. Operating margin FY2024 7.14%. Operating margin FY2025 7.90%. Net margin FY2021 6.84%. Net margin FY2022 7.12%. Net margin FY2023 8.75%. Net margin FY2024 5.28%. Net margin FY2025 5.93%.

Income trends

Revenue

237.74B JPY+5.02%

Operating income

18.78B JPY+16.11%

Net income

14.11B JPY+17.96%
Income trends across reported periods260.41B JPY169.71B JPY79.01B JPY−11.69B JPYRevenue, FY2021: 160.62B JPYRevenue, FY2022: 185.29B JPYRevenue, FY2023: 188.57B JPYRevenue, FY2024: 226.38B JPYRevenue, FY2025: 237.74B JPYOperating income, FY2021: 14.19B JPYOperating income, FY2022: 16.57B JPYOperating income, FY2023: 15.15B JPYOperating income, FY2024: 16.17B JPYOperating income, FY2025: 18.78B JPYNet income, FY2021: 10.99B JPYNet income, FY2022: 13.19B JPYNet income, FY2023: 16.49B JPYNet income, FY2024: 11.96B JPYNet income, FY2025: 14.11B JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 160.62B JPY. Revenue FY2022 185.29B JPY. Revenue FY2023 188.57B JPY. Revenue FY2024 226.38B JPY. Revenue FY2025 237.74B JPY. Operating income FY2021 14.19B JPY. Operating income FY2022 16.57B JPY. Operating income FY2023 15.15B JPY. Operating income FY2024 16.17B JPY. Operating income FY2025 18.78B JPY. Net income FY2021 10.99B JPY. Net income FY2022 13.19B JPY. Net income FY2023 16.49B JPY. Net income FY2024 11.96B JPY. Net income FY2025 14.11B JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue237.74B JPY226.38B JPY188.57B JPY185.29B JPY160.62B JPY
Cost of goods sold171.33B JPY163.62B JPY135.85B JPY132.81B JPY112.57B JPY
Gross profit66.41B JPY62.76B JPY52.73B JPY52.48B JPY48.05B JPY
Research and development6.47B JPY7.01B JPY6.15B JPY6.31B JPY5.98B JPY
Selling, general, and administrative41.17B JPY39.57B JPY31.43B JPY29.6B JPY27.88B JPY
Operating expenses47.63B JPY46.59B JPY37.58B JPY35.91B JPY33.86B JPY
Interest income204M JPY189M JPY169M JPY114M JPY95M JPY
Interest expense1.11B JPY904M JPY523M JPY313M JPY280M JPY
Depreciation and amortization6.94B JPY6.57B JPY5.32B JPY5.07B JPY5.04B JPY
Operating income18.78B JPY16.17B JPY15.15B JPY16.57B JPY14.19B JPY
Net income14.11B JPY11.96B JPY16.49B JPY13.19B JPY10.99B JPY

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
73%
8 beats, 3 misses, 0 met estimates
Average EPS surprise
+27.76%
11 comparable reports
Latest EPS result
117.71
Estimate 145.23 · Miss by 18.95%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates210.07159.24108.457.56Q1 '25MissQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 4, 2025: actual 141.43, estimate 158.76, surprise -10.92%, Miss. Q2 2025, reported May 8, 2025: actual 178.55, estimate 92.23, surprise +93.59%, Beat. Q3 2025, reported Aug 5, 2025: actual 82.51, estimate 67.72, surprise +21.84%, Beat. Q4 2025, reported Nov 6, 2025: actual 133.9, estimate 112.78, surprise +18.73%, Beat. Q1 2026, reported Feb 3, 2026: actual 175.41, estimate 164.3, surprise +6.76%, Beat. Q2 2026, reported May 11, 2026: actual 199.53, estimate 196.92, surprise +1.33%, Beat. Q3 2026, reported Aug 4, 2026: actual 117.71, estimate 145.23, surprise -18.95%, Miss. Q4 2026, reported Nov 4, 2026: actual —, estimate 190.61, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates78.36B66.4B54.44B42.49BQ1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26MissQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 4, 2025: actual 59.74B JPY, estimate 51.65B JPY, surprise +15.67%, Beat. Q2 2025, reported May 8, 2025: actual 70.55B JPY, estimate 58.9B JPY, surprise +19.78%, Beat. Q3 2025, reported Aug 5, 2025: actual 49.06B JPY, estimate 45.5B JPY, surprise +7.83%, Beat. Q4 2025, reported Nov 6, 2025: actual 56.19B JPY, estimate 53.53B JPY, surprise +4.96%, Beat. Q1 2026, reported Feb 3, 2026: actual 58.17B JPY, estimate 61.31B JPY, surprise -5.12%, Miss. Q2 2026, reported May 11, 2026: actual 74.31B JPY, estimate 75.35B JPY, surprise -1.37%, Miss. Q3 2026, reported Aug 4, 2026: actual 55.51B JPY, estimate 55.19B JPY, surprise +0.57%, Beat. Q4 2026, reported Nov 4, 2026: actual —, estimate 68.81B JPY, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

¥166.5

2025 complete year+80.0% since 2021

2026 partial: ¥96.00

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Sep 29, 2026

¥105

Semi-Annual

Record Sep 30, 2026 · Payment Sep 29, 2026

DividendUpcoming

Ex-dividend Mar 30, 2027

¥21.00

Semi-Annual

Record Mar 31, 2027 · Payment Mar 30, 2027

Dividend

Ex-dividend Mar 30, 2026

¥96.00

Semi-Annual

Record Mar 31, 2026 · Payment Jun 25, 2026

Dividend

Ex-dividend Sep 29, 2025

¥84.00

Semi-Annual

Record Sep 30, 2025 · Payment Dec 3, 2025

Dividend

Ex-dividend Mar 28, 2025

¥82.50

Semi-Annual

Record Mar 31, 2025 · Payment Jun 27, 2025

Dividend

Ex-dividend Sep 27, 2024

¥82.50

Semi-Annual

Record Sep 30, 2024 · Payment Dec 3, 2024

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