6743
Daido Signal Co.,Ltd.
大同信号株式会社
Electric Appliances
Daido Signal Co., Ltd. engages in the manufacture, sale, installment, and repair of railway signal safety devices, electrical equipment, and other mechanical devices in Japan. The company offers electronic interlocking systems, automatic train control systems, traffic control systems, monitoring devices for railway equipment, relay interlocking devices, signal relays, train detectors, automatic train stop systems, level crossing protection equipment, signal lights, and power supplies. It also provides on-board control systems for special vehicles, energy monitoring systems, and contactless ID tag systems. The company was founded in 1929 and is headquartered in Tokyo, Japan.
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⚠ TSE Capital Mandate
P / Book
0.47×
Overview
Filings & Signals
Ownership
Financials
▾ Collapse Charts
Income Statement
Balance Sheet
Cash Flow
Ratios & Per Share
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Net Sales
¥25.7B
¥21.9B
¥20.8B
¥19.5B
¥22.2B
Cost of Sales
¥18.3B
¥15.9B
¥15.2B
¥14.5B
¥16.5B
Gross Profit
¥7.4B
¥6.0B
¥5.6B
¥5.0B
¥5.7B
SG&A
¥5.2B
¥4.9B
¥4.3B
¥4.1B
¥4.3B
Operating Income
¥2.2B
¥1.2B
¥1.3B
¥925M
¥1.4B
Non-Operating Income
¥261M
¥180M
¥166M
¥146M
¥146M
Dividend Income
—
¥147M
¥124M
¥115M
¥116M
Interest Income
—
¥1M
¥0M
¥0M
¥0M
Non-Operating Expenses
—
¥71M
¥67M
¥62M
¥66M
Interest Expense
—
¥63M
¥61M
¥61M
¥62M
Ordinary Income
¥2.3B
¥1.3B
¥1.4B
¥1.0B
¥1.5B
Pre-tax Income
¥2.7B
¥2.3B
¥857M
¥995M
¥1.3B
Income Taxes
¥801M
¥640M
¥286M
¥340M
¥537M
Current Tax
—
¥600M
¥163M
¥143M
¥299M
Deferred Tax
—
¥40M
¥122M
¥197M
¥238M
Net Income (owners)
¥1.8B
¥1.5B
¥571M
¥588M
¥716M
Minority Interest
—
¥132M
¥1M
¥66M
¥80M
Comprehensive Income
—
¥1.3B
¥1.7B
¥506M
¥-7M
EBITDA
¥2.7B
¥1.6B
¥1.7B
¥1.3B
¥1.9B
EPS
¥112.98
¥95.69
¥32.08
¥33.07
¥40.27
Shares Outstanding
—
16.0M
17.8M
17.8M
17.8M
Shares Issued (total)
—
18.0M
18.0M
18.0M
18.0M
Treasury Shares
—
2.0M
0.2M
0.2M
0.2M
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Total Assets
¥51.0B
¥45.4B
¥44.7B
¥43.3B
¥42.4B
Current Assets
¥29.9B
¥27.4B
¥26.5B
¥27.5B
¥26.5B
Cash & Deposits
¥4.0B
¥3.6B
¥4.1B
¥4.5B
¥7.0B
Trade Receivables
—
¥4.9B
¥6.0B
¥6.6B
¥4.4B
Non-Current Assets
¥21.1B
¥18.0B
¥18.2B
¥15.8B
¥16.0B
PP&E
¥11.0B
¥11.1B
¥10.8B
¥9.9B
¥10.1B
Intangible Assets
—
¥274M
¥144M
¥105M
¥105M
Investment Securities
¥9.0B
¥6.0B
¥6.8B
¥5.3B
¥5.5B
Deferred Tax Assets
—
¥132M
¥129M
¥135M
¥167M
Total Liabilities
¥18.0B
¥16.5B
¥15.9B
¥16.0B
¥15.5B
Current Liabilities
¥12.4B
¥11.7B
¥10.8B
¥10.7B
¥9.9B
Accounts Payable
—
¥3.4B
¥4.3B
¥3.8B
¥3.8B
ST Debt
¥5.2B
¥5.5B
¥3.6B
¥4.6B
¥3.6B
Taxes Payable
—
¥609M
¥140M
¥136M
¥297M
Non-Current Liabilities
¥5.6B
¥4.8B
¥5.1B
¥5.3B
¥5.6B
Total LT Borrowings
¥660M
¥866M
¥994M
¥1.2B
¥1.4B
Pension Obligations
—
¥1.8B
¥1.8B
¥1.8B
¥1.8B
Deferred Tax Liab.
—
¥1.9B
¥2.0B
¥1.4B
¥1.3B
Total Equity
¥33.0B
¥28.9B
¥28.7B
¥27.3B
¥27.0B
Capital Stock
—
¥1.5B
¥1.5B
¥1.5B
¥1.5B
Capital Surplus
—
¥1.2B
¥1.2B
¥1.2B
¥1.2B
Retained Earnings
¥21.8B
¥20.2B
¥18.9B
¥18.5B
¥18.1B
Treasury Stock
—
¥-990M
¥-67M
¥-66M
¥-66M
AOCI
—
¥2.3B
¥2.7B
¥1.7B
¥1.9B
Equity (owners)
¥23.6B
¥22.0B
¥21.5B
¥21.1B
¥20.7B
Minority Interests
—
¥4.6B
¥4.5B
¥4.4B
¥4.4B
Total Interest-Bearing Debt ⓘ
¥5.8B
¥6.3B
¥4.6B
¥5.8B
¥5.1B
Net Cash ⓘ
¥-1.9B
¥-2.7B
¥-478M
¥-1.3B
¥1.9B
NCAV ⓘ
¥11.8B
¥11.0B
¥10.6B
¥11.5B
¥11.0B
NCAV/Share
—
¥683
¥594
¥645
¥617
BV/Share
—
¥1,370
¥1,211
¥1,188
¥1,165
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
¥918M
¥-500M
¥1.7B
¥-2.6B
¥1.6B
Interest Paid
—
¥-64M
¥-61M
¥-61M
¥-62M
Interest Received
—
¥147M
¥124M
¥115M
¥116M
D&A
¥520M
¥456M
¥419M
¥414M
¥483M
Investing CF
¥124M
¥-367M
¥-730M
¥-357M
¥-271M
Purchase Investments
—
¥-5M
¥-5M
¥-6M
¥-6M
Proceeds from Invest.
—
¥690M
—
—
—
Financing CF
¥-720M
¥619M
¥-1.4B
¥516M
¥-366M
Dividends Paid
—
¥-178M
¥-178M
¥-178M
¥-178M
Share Buybacks
—
¥-923M
¥-0M
¥-0M
¥-0M
LT Debt Repaid
—
¥-250M
¥-218M
¥-275M
¥-156M
Free Cash Flow
¥918M
¥-500M
¥1.7B
¥-2.6B
¥1.6B
Net Change in Cash
—
¥-248M
¥-446M
¥-2.4B
¥940M
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
5.8%
6.4%
2.4%
2.6%
3.2%
ROA
3.7%
3.4%
1.3%
1.4%
1.7%
EPS
¥112.98
¥95.69
¥32.08
¥33.07
¥40.27
DPS
¥35.00
¥15.00
¥10.00
¥10.00
¥10.00
BPS
¥1,751.93
¥1,535.30
¥1,362.73
¥1,286.66
¥1,269.68
FCF/Share
—
¥-31
¥96
¥-145
¥89
NCAV/Share
—
¥683
¥594
¥645
¥617
Payout Ratio
31.0%
15.7%
31.2%
30.2%
24.8%
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 5
Date Activist Stake Event Flag Demands Source
2026-04-24
HIKARI POWER LIMITED
3.32%
change
Passive
—
2024-06-21
Mizuho Bank, Ltd.
5.34%
+1.55%
initial_5pct
Passive
—
2024-06-07
Mizuho Bank, Ltd.
3.79%
change
Passive
—
2024-06-06
NIPPON DENSETSU KOGYO CO., LTD.
13.29%
change
Passive
—
2023-06-07
FMR LLC
4.91%
change
Passive
—
Capital Allocation Signals 1
Date
Type
Amount
Summary
2026-05-20
16:50
Div Increase
¥562M ¥35.0/sh
+133%
Daido Signal Corporation's board resolved on 2026-05-20 to increase the dividend per share for FY2026 (ending 2026-03-31…
Summary
Daido Signal Corporation's board resolved on 2026-05-20 to increase the dividend per share for FY2026 (ending 2026-03-31) from the previously forecasted 25 yen to 35 yen—a 40% increase. Total dividend payout is 561.6 million yen, with effective distribution date of 2026-06-25, subject to shareholder approval at the June 24, 2026 AGM. The increase reflects strong FY2026 performance and the company's commitment to a minimum 30% consolidated dividend payout ratio.
Deadline: 2026-06-25
YoY: +133%
Source (JP)
2026年3月期の期末配当につきましては、直近の配当予想の25円から10円増配し、1株につき35円といたします。
Top 10 Shareholders
Ownership DNA
Cross-Holdings Tracker 10
#
Shareholder
Shares (thou.)
% of Total
1
NIPPON DENSETSU KOGYO CO.,LTD
日本電設工業株式会社
2,395
14.93%
2
Business Partner Stock Ownership Plan
大同信号取引先持株会
851
5.31%
3
Asahi Mutual Life Insurance
朝日生命保険相互会社
715
4.46%
4
Mizuho Bank
株式会社みずほ銀行
683
4.26%
5
NIPPON RIETEC CO.,LTD.
日本リーテック株式会社
655
4.09%
6
Employee Stock Ownership Plan
大同信号従業員持株会
606
3.78%
7
有限会社光パワー
598
3.73%
8
Sumitomo Mitsui Banking Corporation
株式会社三井住友銀行
588
3.67%
9
重田 康光
531
3.31%
10
大同信号共済会
503
3.14%
Domestic Nominees
0.0%
+0.0% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
0.0%
+0.0% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
50.7%
+2.7% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
NIPPON DENSETSU KOGYO CO.,LTD
日本電設工業
11.78%
11.78%
14.93%
+3.15%
Business Partner Stock Ownership Plan
大同信号取引先持株会
↑
4.42%
4.59%
5.31%
+0.72%
Asahi Mutual Life Insurance
朝日生命保険相互会社
↑
4.02%
4.02%
4.46%
+0.44%
Mizuho Bank
みずほ銀行
4.92%
4.92%
4.26%
-0.66%
NIPPON RIETEC CO.,LTD.
日本リーテック
3.69%
3.69%
4.09%
+0.40%
Employee Stock Ownership Plan
大同信号従業員持株会
↑
—
3.18%
3.78%
+0.60%
限会社光パワー
3.36%
3.36%
3.73%
+0.37%
Sumitomo Mitsui Banking Corporation
三井住友銀行
4.73%
4.73%
3.67%
-1.06%
重田 康光
NEW ENTRY
—
—
—
3.31%
NEW
大同信号共済会
NEW ENTRY
—
—
—
3.14%
NEW
Dai-ichi Life Insurance
第一生命保険
last seen 2024
Exited Top 10
4.61%
4.61%
—
日新火災海上保険
last seen 2024
Exited Top 10
3.12%
3.12%
—
式会社三菱UFJ銀行
last seen 2023
Exited Top 10
3.06%
—
—
Concentration (HHI)
ⓘ
286
289
368
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥3,872M
+3% since 2023
Holdings
10
8 exited
Trend
4 building
vs 2023
Held Company
FY2025
¥3,872M total
FY2023
¥3,775M total
Book Val ¥M
Shares
Book Val ¥M
Shares
NIPPON DENSETSU KOGYO CO.,LTD
日本電設工業㈱
1,086
517,024
819
517,024
M
East Japan Railway Company
東日本旅客鉄道㈱
753
+200.0%
↑
255,000
624
85,000
NIPPON RIETEC CO.,LTD.
日本リーテック㈱
747
502,651
471
502,651
M
West Japan Railway Company
西日本旅客鉄道㈱
583
+100.0%
↑
200,000
546
100,000
Central Japan Railway Company
東海旅客鉄道㈱
428
+400.0%
↑
150,000
474
30,000
Kyushu Railway Company
九州旅客鉄道㈱
113
31,000
91
31,000
Nippon Signal Company,Limited
日本信号㈱
100
111,562
118
111,562
M
Keisei Electric Railway Co.
京成電鉄㈱
55
+198.0%
↑
40,932
56
13,737
Shinko Shoji Co.,Ltd.
新光商事㈱
6
6,072
7
6,072
M
新京成電鉄㈱
—
—
Mizuho Financial Group, Inc.
㈱みずほフィナンシャルグループ
—
−100%
Exit
—
116
61,941
M
Sumitomo Mitsui Financial Group, Inc.
㈱三井住友フィナンシャルグループ
—
−100%
Exit
—
77
14,532
M
第一生命ホールディングス㈱
—
−100%
Exit
—
73
29,900
M
Mitsubishi UFJ Financial Group, Inc.
㈱三菱UFJフィナンシャル・グループ
—
−100%
Exit
—
61
72,090
M
The Toho Bank, Ltd.
㈱東邦銀行
—
−100%
Exit
—
60
275,487
M
BULL-DOG SAUCE CO.,LTD.
ブルドックソース㈱
—
−100%
Exit
—
69
36,000
M
Hitachi, Ltd.
㈱日立製作所
—
−100%
Exit
—
65
9,000
M
TOSHIBA CORPORATION
㈱東芝
—
−100%
Exit
—
47
10,500
Portfolio total
3,872
3,775
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding