Following the recent results season where several leading semiconductor and SPE companies globally produced either disappointing results or guidance, we look at where the semiconductor industry is at present, where it looks to be headed in 2025 and identify opportunities in the Japanese IC / SPE space.
This report provides a quick rundown of the situation at Daifuku ahead of their upcoming Q2 FY24 results on 8 Nov. Their clean room business is doing well, particularly for legacy equip in China. Margins are on the up, but a change in FY-end from March to December muddles comps for the full year. For Q2 and Q3 we have a favorable view. Please see attached report by analyst Will Nestuk for details.
PSA Capital Goods / Electrical Equipment: Daifuku (6383 JT) – Steady Improvement with Clean Room Demand This report provides a quick rundown of the situation at Daifuku ahead of their upcoming Q2 FY24 results on 8 Nov. Their clean room business is doing well, particularly for legacy equip in China. Margins are on the up, but a change in FY-end from March to December muddles comps for the full year. For Q2 and Q3 we have a favorable view. Please see attached report by analyst Will Nestuk for det...
Analyst William Nestuk expects Daifuku to produce a strong Q4 OP with FY23 growth supported by the e-Commerce business. Anticipating Daifuku to produce a strong Q4 OP, analyst William Nestuk forecasts OPMs to improve to double-digit levels in FY23 and FY24. The 3:1 share split may offer support for the stock as well.
The independent financial analyst theScreener just lowered the general evaluation of DAIFUKU (JP), active in the Electrical Components & Equipment industry. As regards its fundamental valuation, the title now shows 0 out of 4 stars while market behaviour can be considered moderately risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Slightly Negative. As of the analysis date November 12, 2021, the closing price ...
It has been nine years since a downturn generated sizable losses for the semiconductor industry and 12 years since the Lehman Crisis led to major structural changes. The length and size of the upcycle has led to worries that the cycle is about to peak and when it does, the downturn could be brutal for both the industry and investors. The current uncertainty is heightened by shortages in many types of semiconductors, with average delivery times pushed out to 20 weeks. Some customers are having to...
Daifuku (6383) - Key Point: Cost Reduction, The FY22 Story Begins The point we’d like to stress is that Daifuku’s domestic margins are 3-4x higher than their overseas margins. Domestic margins are in the high teens and in particular domestic e-commerce in the mid-20s. This is where the improvement is coming from. Note as well the order backlog providing support (graph on last page of report). Please see report attached.
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
OSAKA, Japan--(BUSINESS WIRE)-- Daifuku Co., Ltd. (“Daifuku”)(TOKYO:6383) and Germany-based AFT Industries AG (“AFT”) concluded an agreement to form a business partnership aimed at leveraging the material handling expertise of both companies in the automotive industry. Daifuku and AFT will use this mutually beneficial business partnership as a way globally to open channels and secure growing demand and investment from automotive manufacturers for material handling systems. Specifically, both companies will collaborate on a project-by-project basis by leveraging AFT Industries’ European autom...
Daifuku shares have performed strongly, and valuations are not cheap. William Nestuk looks at the prospects for the business in FY20. E-Commerce, Semiconductor and Automotive orders are prospering but will H1 margins be as good as we project?
OSAKA, Japan--(BUSINESS WIRE)-- Daifuku Co., Ltd. is pleased to announce the establishment of Vietnamese subsidiary, Daifuku Intralogistics Vietnam Co., Ltd. Scheduled to commence operations on October 1, 2019, Daifuku Intralogistics Vietnam will manage local sales, installation and after-sales services of material handling systems for the manufacturing and distribution sectors. Since 2016, Daifuku and its Thai subsidiary have managed business in Vietnam, selling primarily automated storage and retrieval systems to local manufacturers and Japanese-owned companies. Now, with an abundance of l...
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