Daido Steel Co.,Ltd.'s share price entered an upward trend around mid-September, while the development of the nickel-based alloy "DSA D22" for semiconductor applications, reported on 17 September, also affected share price movements from the following day onward. In the first quarter of the fiscal year ending March 2027, the company posted substantial increases in revenue and profit, although it expects higher revenue but lower profit for the full year.
Between 15 September and 24 September, the share price rose approximately 5.1% from ¥2,331.5 to ¥2,451.5. Day-on-day movements included a 3.58% gain on 16 September, with the share price moving higher over the past 5 trading days.
The development of the nickel-based alloy "DSA D22" for semiconductor manufacturing equipment and components was reported on 17 September. The share price rose 0.70% from the previous day on 17 September and also rose on 18 September. The catalyst-related news was reflected in the share price trend over several days.
In the first quarter of the fiscal year ending March 2027, Daido Steel Co.,Ltd. posted revenue of ¥163.5 billion, up 14.9% year on year, operating profit of ¥13.1 billion, up 51.4%, and profit attributable to owners of the parent of ¥9.1 billion, up 41.2%. The company expects higher revenue but lower profit for the full year, and plans to increase its annual dividend to ¥52.
Key points to monitor for future performance include rising semiconductor-related orders, expanded sales of heavy-rare-earth-free magnets, continued price pass-through and cost reductions, and the conversion of 東北特殊鋼 into a consolidated subsidiary. Risks include sluggish demand growth in the automotive sector and the impact of raw material and fuel market conditions.