DOWA HOLDINGS CO., LTD.

DOWA HOLDINGS CO., LTD.

44.60
EUR
-1.00
(-2.19%)
2.82BMarket Cap
Nov 11Next Earn
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
7,501.14
7,843.15
6,869.69
6,935.81
7,683.6
7,652.75
8,196.98
9,926.95
13,979.26
13,107.17
12,047.68
11,397.93
12,529.28
- -
Basic EPS, GAAP
393.82
448.45
368.76
442.15
417.22
253.21
293.91
368.44
857.32
420.76
467.88
455.6
1,049.83
- -
Free Cash Flow per Basic Share
234.15
363.37
423.86
57.87
-218.15
234.38
320.81
-643.39
472.79
296.55
1,348.45
-576.89
-503.16
- -
Dividend per Share
60.92
76.18
91.35
91.37
91.39
91.37
91.38
91.28
95.95
131.21
131.21
131.25
151.63
- -
Book Value per Share
2,673.72
3,161.47
3,293.29
3,705.26
4,035.05
4,008.01
4,191.05
4,465.42
5,267.92
5,794.59
6,264.93
6,690.26
7,702.04
- -
Tangible Book Value per Share
2,473.68
2,975.81
3,119.35
3,537.16
3,882.83
3,877.67
4,064.31
4,331.09
5,108.85
5,607.29
6,093.34
6,540.65
7,574.2
- -
Basic Weighted Avg Shares
59
59
59
59
59
59
59
59
60
60
60
60
59
59
Sales/Revenue/Turnover
443,985
464,219
406,598
410,503
454,754
452,928
485,130
588,003
831,794
780,060
717,194
678,672
745,410
- -
Operating Margin (%)
7.16
8.42
8.63
8.28
6.81
4.12
5.35
6.37
7.67
5.72
4.18
4.75
4.59
- -
Depreciation Expense
16,724
16,074
15,688
16,297
17,740
19,137
19,773
20,525
23,085
24,453
25,801
29,296
31,465
- -
Net Income, GAAP
23,310
26,543
21,826
26,169
24,693
14,986
17,395
21,824
51,012
25,041
27,853
27,128
62,458
- -
Effective Tax Rate (%)
28.93
36.14
31.74
27.93
27.76
35.7
35.05
35.09
26.28
35.74
32.52
27.37
17.42
- -
Profit Margin (%)
5.25
5.72
5.37
6.37
5.43
3.31
3.59
3.71
6.13
3.21
3.88
4
8.38
- -
Working Capital
42,195
61,398
68,016
73,710
85,534
74,551
85,357
100,105
154,774
169,873
163,767
165,381
227,238
- -
LT Debt
38,142
38,208
34,727
28,926
40,424
59,355
69,981
65,837
70,708
52,816
30,527
22,280
34,384
- -
Total Equity
166,986
195,648
203,369
227,819
247,761
246,157
258,239
276,713
328,573
360,601
388,789
416,034
474,627
- -
Return on Invested Capital (%)
8.49
8.74
8.19
8.11
6.6
3.22
4.22
5.44
9.46
5.5
3.91
4.37
4.71
- -
Return on Capital (%)
9.4
9.88
7.96
8.93
7.38
4.2
4.31
4.35
9.43
4.11
5.2
5.1
10.5
- -
Return on Common Equity (%)
15.97
15.37
11.43
12.64
10.78
6.3
7.17
8.5
17.62
7.61
7.76
7.03
14.63
- -

Capital Structure

JPY

•

in mil. unless spec.
Sep'26
Mar'26
Jun'27
ST Debt
113,930
110,355
- -
LT Borrowings
23,314
34,384
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
60
59
59
Market Capitalization
314,196
516,436
525,104

Working Capital

JPY

•

in mil. unless spec.
Sep'26
Mar'26
Jun'27
Total Current Assets
375,006
476,785
- -
Cash, Cash Equivalents & STI
43,399
51,225
- -
Accounts Receivable, Net
94,127
105,119
- -
Inventories
225,206
295,168
- -
Total Current Liabilities
208,370
249,547
- -
Payables & Accruals
- -
- -
- -
ST Debt
113,930
110,355
- -
Deferred Revenue
- -
- -
- -

Growth Rates

JPY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8.96%
11.48%
14.08%
Free Cash Flow
-104.65%
-2.38%
-12.85%
Net Income, GAAP
23.82%
44.34%
130.23%
Sales/Revenue/Turnover
7.13%
6.33%
9.83%
Total Cash Common Dividend
- -
11.58%
15.43%

Quarterly Revenue

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
678,672
2026
- -
- -
- -
- -
745,410
2027
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
455.6
2026
- -
- -
- -
- -
1,049.83
2027
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
131.25
2026
- -
- -
- -
- -
151.63
2027
- -
- -
- -
- -
- -

Company Description

CEO
Akira Sekiguchi
Full Time Employees
8,355
Sector
Non-energy minerals
Industry
Other metals/Minerals
Address
Akihabara UDX Tokyo TY Japan 101-0021
IPO Date
Aug 5, 1949
Business
Dowa Holdings Co., Ltd. engages in diversified businesses primarily focused on recycling, nonferrous metals, electronic materials, metal processing, and heat treatment. Its core product portfolio includes precious metals such as gold, silver, and platinum group metals; base metals including copper, lead, and zinc; high-purity metals like gallium and indium used in semiconductors and electronic components; compound semiconductor wafers; conductive materials; battery materials; magnetic materials; and copper alloy products for automotive and electronic use. The company also provides environmental management services including waste disposal, soil remediation, resource recycling, and logistics. Additionally, Dowa operates heat treatment and surface treatment services for metal materials, mainly catering to automotive parts manufacturing, along with real estate leasing, construction, and technical support services. Founded in 1884 and headquartered in Akihabara, Tokyo, Japan, Dowa Holdings operates predominantly in Japan and China with a growing emphasis on sustainability and circular economy initiatives. In the last two years, Dowa Holdings has executed significant strategic moves including the acquisition of an industrial site in Tochigi Prefecture to expand its environmental management and recycling operations, reinforcing its recycling infrastructure. The company has also advanced partnerships such as a strategic alliance with Murata Manufacturing in 2025 to strengthen its closed-loop recycling business and enhance electronic materials production. Its latest midterm plan emphasizes the evolution of its recycling-oriented business model augmented by digital transformation and sustainability management to balance economic growth with environmental impact. The fiscal year 2024 saw Dowa achieving revenue of approximately 678.6 billion yen and operating income of 43.5 billion yen, backed by capital investments for technological upgrades and infrastructure expansion. The company is intensifying its focus on resource circulation, waste-to-metal recovery, and decarbonization efforts through innovative product development and operational efficiency enhancements. Dowa Holdings’ business segments include Environment and Recycling, Smelting & Refining, Electronic Materials, Metal Processing, and Heat Treatment. Its products serve diverse industries such as automotive, electronics, ICT equipment, and solar energy, with key materials used in vehicle bodies, wire harnesses, drivetrain components, sensors, LCD panels, multi-layer capacitors, connectors, and batteries. The company leverages advanced technologies in metal recycling, smelting, and fabrication to meet customer demands amid rapidly evolving industrial trends. It maintains a broad presence mainly in the Japanese and Chinese markets but aims for global leadership in sustainability-focused metal resource management and recycling technologies. Dowa Holdings operates as a publicly listed company on the Tokyo Stock Exchange under ticker 5714.T. It continues to invest strategically in expanding its recycling bases, enhancing digital transformation to improve operational productivity and governance, and developing environmentally friendly materials aligned with ESG principles. The company demonstrates a comprehensive approach to business growth that integrates advanced material manufacturing, sustainable resource management, and innovation in environmental technologies.