# DAIDO METAL CO., LTD.: business model and financials

> Latest period: FY ending Mar 2026, consolidated, J-GAAP
> Unit: JPY millions
> Sources: 訂正有価証券報告書－第118期(2025/04/01－2026/03/31) (S100YRAI)
> Page: https://vizora.meequs.com/en/company/daido-metal
> Retrieved: 2026-09-30T19:52:06.639Z

## Company

Daido Metal, founded in 1939, is a company in Auto Parts listed on TSE Prime. It has 7,267 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | Daido Metal Co., Ltd. |
| Ticker | 7245 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/7245.T) |
| Listing | TSE Prime |
| Head office | 愛知県名古屋市中区栄二丁目3番1号名古屋広小路ビルヂング13階 |
| Representative (per filing) | 代表取締役会長兼CEO 判治誠吾 |
| Founded | Nov 1939 |
| Share capital | ¥8.41B |
| Employees (consolidated) | 7,267 |
| Average salary (parent only) | ¥6.7M |
| Fiscal year end | March |
| Website | www.ir.daidometal.com (https://www.ir.daidometal.com/) |
| Corporate number | 1180001012595 |
| EDINET | E02175 |
| Industries (Vizora) | Auto Parts, Industrial Machinery |

> Profile source: annual securities report (S100YRAI, filed 2026-07-23). As of filing

## Five-axis industry profile

Primary industry: Auto Parts (2026-03-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 85 | 110 |
| Profitability | 67.1 | 111 |
| Cash conversion | 43.1 | 108 |
| Efficiency | 13.1 | 111 |

Each axis is shown independently. Missing values are labeled unavailable; no combined score is calculated. Industry rank is not an investment recommendation.

## Key points (generated from figures)

- About 52% of Daido Metal's sales come from Powertrain business, with Life business and Frontier business making up much of the rest.
- Out of every ¥100 of sales, about ¥6 is left as operating profit.
- Revenue changed +4.2% from the prior year, operating profit +18.1%.

## Company structure

- Segment revenue mix: Powertrain business 52.4%、Life business 16.2%、Frontier business 16.1%、Marine and Energy business 13.9%、Other 1.3%
- Revenue → net income: ¥142009000000 → ¥5377000000
- Net income → operating cash flow: ¥5377000000 → ¥13722000000（difference ¥8345000000）
- Main uses of operating cash flow: CapEx ¥9976000000 / dividends ¥1090000000 / buybacks ¥184000000
- Change in cash: ¥1262000000
Segment shares use total reported segment revenue, which may include inter-segment sales. The cash bridge is operating cash flow minus net income and combines non-cash items and working-capital effects.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Revenue | ¥142B |  |
| Operating income | ¥8.37B | Margin 5.9% |
| Net income | ¥4.4B | Margin 3.1% |
| Free cash flow | ¥3.75B |  |
| Largest business | Powertrain business | of segment revenue 52.4% |
| Employees (consolidated) | 7,267 |  |
| EPS | ¥85.54 |  |
| Book value per share | ¥1191.81 |  |
| Equity ratio | 39.2% |  |
| Shares outstanding | 47,520,253 |  |
| Treasury shares | 2,400 |  |
| Shareholders | 17,832 |  |
| Average salary (parent only) | ¥6.7M | Filing company only |
| Cash ratio | 12.5% | Cash ÷ revenue 18.5% |
| Vs. industry median margin | +1.1 pp | Auto Parts |
| ROE | 7.2% | Derived from disclosed figures |
| ROA | 2.2% | Derived from disclosed figures |

## Notable figures

- FY2026, operating cash flow is 3.1× net income
- FY2026, employees -1% while operating income rose 18%

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥84720000000 | ¥142009000000 | +67.6% |
| Operating income | ¥1315000000 | ¥8371000000 | +536.6% |
| Operating margin | 1.6% | 5.9% | +4.3 pp |
| Employees | 6,795 people | 7,267 people | +6.9% |
| Cash and equivalents | ¥18637000000 | ¥26281000000 | +41.0% |

### Change in segment revenue mix

Span: FY ending Mar 2021 → FY ending Mar 2026. Stable segment keys are connected; unmatched shares are marked as new or reorganized. Shares use total segment revenue.

| Flow | Revenue share |
| --- | ---: |
| 自動車用エンジン軸受 → 事業再編・廃止 | 55.1% |
| 自動車用エンジン以外軸受 → 事業再編・廃止 | 18.8% |
| 非自動車用軸受 → 事業再編・廃止 | 12.1% |
| 自動車用軸受以外部品 → 事業再編・廃止 | 12.2% |
| その他 → その他 | 1.3% |
| その他 → 事業再編・廃止 | 0.4% |
| 新設・再編 → パワートレイン事業 | 52.4% |
| 新設・再編 → マリン・エネルギー事業 | 13.9% |
| 新設・再編 → ライフ事業 | 16.2% |
| 新設・再編 → フロンティア事業 | 16.1% |

Segment revenue source references: 10 (derived)

## Business growth × margin

X-axis: segment revenue CAGR. Y-axis: latest operating margin. Bubble size: latest revenue. CAGR requires at least two comparable years.

| Segment | CAGR span | Revenue CAGR | Latest revenue | Operating margin | Source refs |
| --- | ---: | ---: | ---: | ---: | ---: |
| Powertrain business | — | — | ¥74474000000 | 13.2% | 2 |
| Life business | — | — | ¥22945000000 | 17.7% | 2 |
| Frontier business | — | — | ¥22871000000 | -3.3% | 2 |
| Marine and Energy business | — | — | ¥19801000000 | 20.6% | 2 |
| Other | 5 years | +5.9% | ¥1916000000 | 24.4% | 2 |

## Income statement（FY ending Mar 2026, consolidated, J-GAAP）

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 142,009 | 100.0% | S100YRAI |
| Cost of revenue | 106,248 | 74.8% | S100YRAI |
| Gross profit | 35,761 | 25.2% | S100YRAI |
| SG&A | 27,389 | 19.3% | S100YRAI |
| Operating income | 8,371 | 5.9% | S100YRAI |
| Ordinary income | 7,402 | 5.2% | S100YRAI |
| Pretax income | 8,476 | 6.0% | S100YRAI |
| Income tax | 3,099 | 2.2% | S100YRAI |
| Net income | 5,377 | 3.8% | S100YRAI |
| Net income attributable to owners | 4,396 | 3.1% | S100YRAI |

## Per ¥100 of revenue（FY ending Mar 2026）

| Part | JPY |
| --- | ---: |
| Cost of revenue | 75 |
| SG&A | 19 |
| Operating income | 6 |
| (Ref.) Net income | 3 |

### Margin funnel

Gross margin 25.2% → Operating margin 5.9% → Net margin 3.1%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +4.2%; Core profit growth: +18.1%
Growth quality: margin-expansion
Operating leverage (core profit growth ÷ revenue growth): 4.31×
Calculated from comparable annual consolidated filings.

## Year over year（FY ending Mar 2025 → FY ending Mar 2026、JPY mn）

| Metric | Prior | Current | Change | % change |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 136,303 | 142,009 | 5,706 | +4.2% |
| Gross profit | 33,762 | 35,761 | 1,999 | +5.9% |
| Operating income | 7,091 | 8,371 | 1,280 | +18.1% |
| Net income attributable to owners | 2,720 | 4,396 | 1,676 | +61.6% |
| Operating cash flow | 10,924 | 13,722 | 2,798 | +25.6% |
| Free cash flow | -147 | 3,746 | 3,893 | — |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2020 | 100,159 | 4,168 | 4.2% | 2,740 | 12,822 | 1,668 | S100LL8K |
| FY ending Mar 2021 | 84,720 | 1,315 | 1.6% | 104 | 10,098 | 1,844 | S100OF4V |
| FY ending Mar 2022 | 104,024 | 5,042 | 4.8% | 1,897 | 13,207 | 6,268 | S100R3AW |
| FY ending Mar 2023 | 115,480 | 2,824 | 2.4% | -2,208 | 5,003 | -162 | S100TRBB |
| FY ending Mar 2024 | 128,738 | 6,084 | 4.7% | 2,569 | 16,655 | 8,672 | S100W24A |
| FY ending Mar 2025 | 136,303 | 7,091 | 5.2% | 2,720 | 10,924 | -147 | S100YRAI |
| FY ending Mar 2026 | 142,009 | 8,371 | 5.9% | 4,396 | 13,722 | 3,746 | S100YRAI |

## People and productivity（FY ending Mar 2026, consolidated, J-GAAP）

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥19.5M |
| Operating income per employee (consolidated) | ¥1.2M |
| Net income per employee (consolidated) | ¥604.9K |

Employees, revenue and profit are consolidated. Average annual salary is a separate parent-company figure. Calculated from disclosed figures (DERIVED).

| History | FY ending Mar 2022 | FY ending Mar 2023 | FY ending Mar 2024 | FY ending Mar 2025 | FY ending Mar 2026 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Employees (consolidated) | 6,984 | 6,945 | 7,055 | 7,323 | 7,267 |
| Average salary (parent company) | ¥6.3M | ¥6.3M | ¥6.2M | ¥6.4M | ¥6.7M |
| Average age (parent company) | 39.9 years | 40.3 years | 40.8 years | 41.3 years | 41.4 years |
| Average tenure (parent company) | 16.1 years | 16.4 years | 16.7 years | 17.0 years | 16.9 years |

Year over year: Employees (consolidated) -0.8% · Revenue (consolidated) +4.2%

## Segments（FY ending Mar 2026, consolidated, J-GAAP、JPY mn）

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Powertrain business | 74,474 | 52.4% | 9,806 | 13.2% |
| Marine and Energy business | 19,801 | 13.9% | 4,088 | 20.6% |
| Life business | 22,945 | 16.2% | 4,064 | 17.7% |
| Frontier business | 22,871 | 16.1% | -755 | -3.3% |
| Other | 1,916 | 1.3% | 467 | 24.4% |

### segmentMix — Revenue and profit mix

Calculated from disclosed figures (DERIVED). Shares use total segment revenue and total positive segment profit respectively. Difference = profit share − revenue share (pt). Inter-segment sales may prevent reconciliation to company revenue.

| Segment | Revenue share | Profit share | Difference (pt) | Margin |
| --- | ---: | ---: | ---: | ---: |
| Powertrain business | 52.4% | 53.2% | 0.8 | 13.2% |
| Marine and Energy business | 13.9% | 22.2% | 8.2 | 20.6% |
| Life business | 16.2% | 22.1% | 5.9 | 17.7% |
| Frontier business | 16.1% | — | — | -3.3% |
| Other | 1.3% | 2.5% | 1.2 | 24.4% |

Loss-making segment (excluded from profit shares): Frontier business -755 JPY mn

Segment → industry: Frontier business → Auto Parts / Life business → Auto Parts / Powertrain business → Auto Parts / Marine and Energy business → Industrial Machinery

## Revenue by geography

No geographic revenue breakdown was disclosed.

## Cash flow（FY ending Mar 2026, consolidated, J-GAAP）

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | 13,722 | 9.7% | S100YRAI |
| Capital expenditure | 9,976 | 7.0% | S100YRAI |
| Free cash flow | 3,746 | 2.6% | 算出 |
| Investing cash flow | -7,822 | -5.5% | S100YRAI |
| Financing cash flow | -4,768 | -3.4% | S100YRAI |
| Dividends paid | 1,090 | 0.8% | S100YRAI |
| Share buyback | 184 | 0.1% | S100YRAI |
| Change in cash | 1,262 | 0.9% | S100YRAI |
| Cash and equivalents | 26,281 | 18.5% | S100YRAI |

## Balance sheet

Figures are as of each fiscal year end. Derived values are marked as such in the source column. Lease liabilities are excluded from interest-bearing debt.

| Metric | FY ending Mar 2022 | FY ending Mar 2023 | FY ending Mar 2024 | FY ending Mar 2025 | FY ending Mar 2026 | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | 18,868 | 18,955 | 24,586 | 25,019 | 26,281 | S100TRBB, S100W24A, S100YRAI |
| Total assets | 166,155 | 173,317 | 188,369 | 196,656 | 209,434 | S100R3AW, S100TRBB, S100W24A, S100YRAI |
| Net assets | 68,695 | 70,454 | 78,721 | 82,095 | 91,425 | S100TRBB, S100W24A, S100YRAI |
| Share capital | 8,413 | 8,413 | 8,413 | 8,413 | 8,413 | S100R3AW, S100TRBB, S100W24A, S100YRAI |
| Property, plant and equipment | 57,291 | 55,520 | 56,865 | 60,692 | 65,405 | S100R3AW, S100TRBB, S100W24A, S100YRAI |
| Intangible assets excluding goodwill | 11,497 | 10,509 | 9,384 | 8,383 | 7,240 | S100R3AW, S100TRBB, S100W24A, S100YRAI |
| Goodwill | 5,152 | 4,629 | 4,070 | 3,450 | 2,898 | S100R3AW, S100TRBB, S100W24A, S100YRAI |
| Investment securities | 5,450 | 6,102 | 7,323 | 8,034 | 8,326 | S100R3AW, S100TRBB, S100W24A, S100YRAI |
| Current assets | 85,928 | 94,054 | 103,549 | 107,585 | 112,422 | S100R3AW, S100TRBB, S100W24A, S100YRAI |
| Current liabilities | 65,414 | 68,723 | 74,468 | 70,092 | 74,335 | S100R3AW, S100TRBB, S100W24A, S100YRAI |
| Trade payables | 8,555 | 8,373 | 9,083 | 10,722 | 10,300 | S100R3AW, S100TRBB, S100W24A, S100YRAI |
| Short-term borrowings | 27,055 | 31,976 | 32,487 | 28,194 | 27,187 | S100R3AW, S100TRBB, S100W24A, S100YRAI |
| Long-term borrowings | 19,678 | 21,266 | 21,088 | 30,715 | 29,104 | S100R3AW, S100TRBB, S100W24A, S100YRAI |
| Total liabilities | 97,460 | 102,863 | 109,647 | 114,561 | 118,009 | S100R3AW, S100TRBB, S100W24A, S100YRAI |
| Non-controlling interests | 8,355 | 9,317 | 9,901 | 9,344 | 9,335 | S100R3AW, S100TRBB, S100W24A, S100YRAI |
| Equity attributable to owners of parent | 58,534 | 55,388 | 57,786 | 59,565 | 62,694 | S100R3AW, S100TRBB, S100W24A, S100YRAI |
| Retained earnings | 37,567 | 34,170 | 36,549 | 38,319 | 41,623 | S100R3AW, S100TRBB, S100W24A, S100YRAI |
| Treasury stock | -560 | -310 | -291 | -281 | -455 | S100R3AW, S100TRBB, S100W24A, S100YRAI |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 13% | S100YRAI |
| Property, plant and equipment | 31% | S100YRAI |
| Intangibles and goodwill | 5% | S100YRAI |
| Investment securities | 4% | S100YRAI |
| Other assets | 47% | S100YRAI |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Trade payables | 5% | S100YRAI |
| Other liabilities | 51% | S100YRAI |
| Equity | 44% | S100YRAI |

### Balance sheet history

| Metric | FY ending Mar 2022 | FY ending Mar 2023 | FY ending Mar 2024 | FY ending Mar 2025 | FY ending Mar 2026 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Total assets | 166,155 | 173,317 | 188,369 | 196,656 | 209,434 |
| Equity | 68,695 | 70,454 | 78,721 | 82,095 | 91,425 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 18,868 | 18,955 | 24,586 | 25,019 | 26,281 |

## Asset intensity and goodwill

Ratios are derived from reported values. Goodwill is used only when separately reported, never inferred from combined intangible assets.

| Metric | Value | Sources |
| --- | ---: | ---: |
| Asset intensity (fixed assets ÷ revenue) | 46.1% | S100YRAI |
| Fixed assets ÷ total assets | 31.2% | S100YRAI |
| Goodwill ÷ parent equity | 4.6% | S100YRAI |

Goodwill over 4 years: 5,152 → 2,898 JPY; total investing cash flow: -38,932 JPY. This does not imply causation.

### Cash quality

Net cash = cash − interest-bearing debt. Net debt ratio = (interest-bearing debt − cash) ÷ positive operating cash flow. Omit when debt components are incomplete; other ratios are derived from reported figures.

| Metric | Value |
| --- | ---: |
| Cash ratio (cash ÷ total assets) | 12.5% |
| Cash ÷ revenue | 18.5% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 163.9% |
| Cash vs. profit gap | 9,326 JPY mn (of net income 212.1%) |
| Shareholder returns / net income | 29.0% |
| Shareholder returns / FCF | 34.0% |
| Shareholder payments — dividends / net income | 24.8% |
| Shareholder payments — dividends / FCF | 29.1% |
| CapEx intensity (capex ÷ revenue) | 7.0% |
| Investing CF relative to operating CF | 57.0% |

## ROA and ROE

ROE is decomposed into net margin × asset turnover × financial leverage. Leverage can raise ROE, so the ratio alone does not assess a company's condition. Ending balances are used without a prior year; total equity approximates parent equity when unavailable.

| Period | Net margin | Asset turnover | ROA | Financial leverage | ROE | Sources |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| 2022 | 1.8% | 0.63× | 1.1% | 2.84× | 3.2% | S100R3AW |
| 2023 | — | —× | -1.3% | —× | — | S100TRBB |
| 2024 | 2.0% | 0.71× | 1.4% | 3.20× | 4.5% | S100W24A |
| 2025 | 2.0% | 0.71× | 1.4% | 3.28× | 4.6% | S100YRAI |
| 2026 | 3.1% | 0.70× | 2.2% | 3.32× | 7.2% | S100YRAI |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 日本マスタートラスト信託銀行株式会社 | Major shareholder | 7.4% | 2026-03-31 |
| 大同メタル従業員持株会 | Major shareholder | 4.3% | 2026-03-31 |
| 大同メタル友栄会持株会 | Major shareholder | 4.2% | 2026-03-31 |
| 株式会社日本カストディ銀行 | Major shareholder | 3.9% | 2026-03-31 |
| THE SERI WATHANA INDUSTRY CO., LTD. 703000(常任代理人 株式会社みずほ銀行) | Major shareholder | 2.1% | 2026-03-31 |
| エンパイヤ自動車株式会社 | Major shareholder | 1.9% | 2026-03-31 |
| 伊藤忠丸紅鉄鋼株式会社 | Major shareholder | 1.9% | 2026-03-31 |
| 大同メタル協力会持株会 | Major shareholder | 1.7% | 2026-03-31 |
| 野村信託銀行株式会社 | Major shareholder | 1.7% | 2026-03-31 |
| カヤバ株式会社 | Major shareholder | 1.7% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 訂正有価証券報告書－第118期(2025/04/01－2026/03/31) | S100YRAI | 2026-07-23 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YRAI,, |
| 有価証券報告書－第117期(2024/04/01－2025/03/31) | S100W24A | 2025-06-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100W24A,, |
| 有価証券報告書－第116期(2023/04/01－2024/03/31) | S100TRBB | 2024-06-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TRBB,, |
| 有価証券報告書－第115期(2022/04/01－2023/03/31) | S100R3AW | 2023-06-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100R3AW,, |
| 有価証券報告書－第114期(令和3年4月1日－令和4年3月31日) | S100OF4V | 2022-06-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100OF4V,, |
| 有価証券報告書－第113期(令和2年4月1日－令和3年3月31日) | S100LL8K | 2021-06-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LL8K,, |

## Definitions

- Amounts are in millions of JPY (rounded). The period is stated in each table heading
- Operating margin = operating income ÷ revenue. Net income is attributable to owners of the parent when disclosed
- Free cash flow (FCF) = operating cash flow − capital expenditure
- ¥100 model = breakdown per ¥100 of revenue (rounded so parts sum to 100)
- Segment revenues include inter-segment sales and may not sum to consolidated revenue
- Source IDs are EDINET document IDs (docID). "算出" (derived) means computed from other disclosed values
- All figures are extracted mechanically from filings. AI-written text never generates figures
- Source: company filings submitted to EDINET (Financial Services Agency of Japan). Figures were extracted, edited and processed, and charts and text were created, by Vizora — not by the FSA (used under the Public Data License v1.0).