Daido Steel Co., Ltd.
5471.T
Tokyo Stock Exchange2,587.00
JPY
-37.00
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Daido Steel Co., Ltd.
5471.T
(Tokyo Stock Exchange)
Recent
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2,587.00
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ROIC.AI
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- Business
- Daido Steel Co., Ltd. Daido Steel Co., Ltd. manufactures and sells specialty steel products and related materials primarily in Japan and internationally. The company operates through five segments: Specialty Steel, which produces specialty steels for automotive parts, industrial machinery parts, electrical machinery parts, construction, and tool steel, along with raw materials sales, transportation, and logistics; High Performance Materials and Magnetic Materials, offering stainless steel products, nickel-based alloys, electrical and electronics parts, magnetic material products, alloy powders, titanium products including medical titanium alloys and shape-memory alloys, and welding wires; Parts for Automobile and Industrial Equipment, providing die forgings, precise hot forgings, welded parts such as automotive components and bearing races, open die forgings for boats, ships, industrial machines, heavy electric machines, steel making equipment, chemical equipment, oil drilling rigs, spacecraft, and aircraft, castings including manganese railway rails and components for automobiles, industrial machines, electric machines, furnaces, and advanced cast steel products, precision castings for automotive, industrial machines, electric machines, and telecommunications equipment, as well as lumber industry band saws, engine valves, compressors, hydraulic equipment, and machine tool parts; Engineering, which supplies steel making equipment, industrial furnaces and facilities, environmental equipment for drainage, exhaust, waste disposal, and treatment facilities, machine tools, and machine maintenance services; and Trading and Service, encompassing sales of group company products, welfare services, real estate and insurance business, golf course management, and analysis businesses. Founded in 1916 and headquartered in Nagoya, Japan, Daido Steel serves industries including automobiles, aircraft, IT equipment, electronics, energy, heavy electric, oil and gas, and infrastructure, with global operations supported by offices in the United States, Hong Kong, Bangkok, Shanghai, Guangzhou, and Singapore. Recent developments include the completion of a share buyback program in November 2024, repurchasing 7,398,900 shares representing 3.46% of shares outstanding for ¥8,497 million to enhance capital efficiency and shareholder returns under its 2026 Medium-Term Management Plan; an announcement in July 2025 to acquire up to 6,500,000 own shares for ¥7,104.5 million through the Tokyo Stock Exchange's off-auction repurchase system; plans for selective growth investments such as a Vacuum Arc Remelting facility for titanium production launching in May 2025 and superalloy manufacturing process transformation targeting returns from fiscal 2026; and an intention to acquire all shares of Nippon Koshuha Steel Co., Ltd. from Kobe Steel Ltd. via a share exchange, subject to regulatory approvals, to expand its special steel capabilities.