Overview
Electric Appliances

DAIHEN CORPORATION

DAIHEN Corporation manufactures and sells products across three core segments: Energy Management (transformers, power receiving/distribution systems, renewable energy and storage equipment, EV charging systems, and V2X systems), Factory Automation (industrial robots, clean transport robots, and AGV wireless charging systems), and Material Processing (welding machines, plasma cutting machines, and plasma power supplies). The company serves electric utilities, industrial manufacturers, and semiconductor/electronics sectors with a broad portfolio spanning energy infrastructure and advanced automation. DAIHEN's competitive strengths lie in its integrated technology platform combining power electronics and robotics, supported by a global network of subsidiaries across Asia, Europe, and the Americas.

Market Cap
¥269B
US$1.72B
EV
¥316B
US$2.01B
Stock¥2,282▼-4.00%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
11.7
x
LTM EV/EBIT
15.2
x
LTM PER
18.1
x
LTM PBR
1.7
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-3.4%pt
1001
Oct 24, 25 – Oct 23, 26StockTOPIX
1Oct 15, 26CoreWeave bond-price shock triggers semiconductor-stock selloff, Nikkei down 3,318 points
MC → EV Bridge
269BUS$1.72BMarket Cap82.6BUS$527M+ Debt33.5BUS$214M− Cash19.7BUS$126M− Inv. Sec.16.8BUS$107M+ NCI316BUS$2.01BEV
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Performance & Balance
Revenue 5Y (¥B)
161US$1.02B'22/3185US$1.18B'23/3189US$1.20B'24/3226US$1.44B'25/3238US$1.52B'26/3
EBITDA 5Y (¥B)
19.2US$123M'22/321.6US$138M'23/320.5US$131M'24/322.7US$145M'25/325.6US$164M'26/3
Net Income 5Y (¥B)
11.0US$70.1M'22/313.2US$84.1M'23/316.5US$105M'24/312.0US$76.3M'25/314.1US$90.0M'26/3
Capital Structure
65%
35%
EquityD/E 0.53xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
40.0US$255M27.6US$176M'22/330.4US$194M33.2US$212M'23/337.9US$241M66.5US$424M'24/346.3US$295M68.9US$440M'25/351.8US$331M85.0US$542M'26/3
Shareholders
Top 10 hold 39.2%
1
The Master Trust Bank of Japan, Ltd. (Trust Account)
12.82%
2
Custody Bank of Japan, Ltd. (Trust Account)
7.46%
3
The Kansai Electric Power Company,Incorporated
6.16%
4
DAIHEN CORPORATION Business Partners' Stock Ownership Association
2.45%
5
Sumitomo Mitsui Banking Corporation
2.29%
6
GOVERNMENT OF NORWAY (Standing Proxy: Citibank, N.A., Tokyo Branch)
2.19%
7
DAIHEN CORPORATION Employee Stock Ownership Association
1.73%
8
IWATANI CORPORATION
1.47%
9
Sumitomo Mitsui Trust Bank, Limited
1.39%
10
Morgan Stanley MUFG Securities Co., Ltd.
1.28%
Management
13 officers
Tetsuya TAJIRI
Representative Director, Chairman
Apr 1978 Joined the Company Jun 2001 Executive Officer Jun 2003 General Manager, General Planning Office and General Manager, Business Planning Department, General Planning Office Jun 2005 Director, Managing Executive Officer Jun 2009 Representative Director, President Apr 2021 Representative Director, Chairman (current)
1955-01-02
Shoichiro MINOMO
Representative Director, President
Apr 1987 Joined the Company Jun 2011 Executive Officer Apr 2013 Deputy General Manager, Technology Development Headquarters, in charge of Semiconductor-Related Equipment Business Jun 2013 Director, Executive Officer Apr 2014 General Manager, Technology Development Headquarters Apr 2015 In charge of Technology and Sales (Plasma System Sales) Apr 2016 In charge of Sales (Plasma System and Wireless Power Transfer System Sales) Apr 2017 Director, Managing Executive Officer Apr 2019 In charge of Sales (Plasma System, Clean Robot and Wireless Power Transfer System Sales) Apr 2021 Representative Director, President (current)
1963-01-01
Kazuo KAMO
Director, Executive Vice President and Executive Officer, in charge of Head Office
Apr 1981 Joined the Company Jun 2007 General Manager, Planning Department, Power Equipment Company Jun 2009 Director, Executive Officer Apr 2013 Director, Managing Executive Officer, in charge of Power Equipment Business Apr 2015 In charge of Sales (Power Sales) Apr 2017 Director, Senior Managing Executive Officer Apr 2022 General Manager, Power Equipment Sales Headquarters Apr 2023 In charge of Distribution System Division and Large Transformer Division Apr 2024 In charge of Safety Apr 2025 Director, Executive Vice President and Executive Officer (current) Apr 2025 In charge of Head Office (current)
1958-10-19
Haruhisa KIMURA
Director, Senior Managing Executive Officer, in charge of Industrial Electric Equipment Division, EMS Division and Charging System Division
Apr 1984 Joined The Kansai Electric Power Co., Inc. Jun 2010 General Manager, Labor Department, Human Resources Revitalization Office, Kansai Electric Power Jun 2014 Representative Director, President, Keihanna Co., Ltd. Jun 2016 General Manager, Nara Branch, Kansai Electric Power Jun 2019 Seconded to the Company from Kansai Electric Power Jun 2019 Director, Managing Executive Officer, in charge of Sales (Industrial Power Equipment Sales), the Company Sep 2019 Resigned from Kansai Electric Power Apr 2021 In charge of EMS Division, the Company Apr 2022 Deputy General Manager, Power Equipment Sales Headquarters Apr 2023 Director, Senior Managing Executive Officer (current) Apr 2023 In charge of Industrial Electric Equipment Division, EMS Division and Charging System Division (current)
1961-03-21
Kentaro KANEKO
Director, Senior Managing Executive Officer, in charge of Welding and Joining Division, FA Robot Division and Clean Robot Division
Apr 1988 Joined the Company Apr 2013 Executive Officer Apr 2015 General Manager, FA Robot Division Apr 2017 Managing Executive Officer Apr 2023 In charge of Head Office: Risk Management, Compliance and Safety Jun 2023 Director, Managing Executive Officer Apr 2024 In charge of Europe and Americas Business Apr 2025 Director, Senior Managing Executive Officer (current) Apr 2025 In charge of Welding and Joining Division, FA Robot Division and Clean Robot Division (current)
1964-07-27
Tadashi KURIYAMA
Director, Managing Executive Officer, in charge of Distribution System Division and Large Transformer Division; General Manager, Electric Power Sales Headquarters; General Manager, Technology Development Headquarters
Apr 1987 Joined the Company Jul 2015 General Manager, Distribution System Division Apr 2019 Executive Officer Apr 2023 Managing Executive Officer Apr 2025 In charge of Distribution System Division and Large Transformer Division; General Manager, Electric Power Sales Headquarters (current) Jun 2025 Director, Managing Executive Officer (current) Aug 2025 General Manager, Technology Development Headquarters (current)
1963-05-09
Yoshiki MORIMOTO
Full-time Audit & Supervisory Board Member
Apr 1982 Joined the Company Jun 2007 General Manager, Welding Equipment Division Jun 2011 Executive Officer Apr 2015 In charge of Sales (Welding Equipment and FA Robot Sales, Domestic and Asia) Jun 2015 Director, Managing Executive Officer Aug 2015 In charge of Quality Apr 2021 Director, Senior Managing Executive Officer, in charge of Sales (Welding and Joining, FA Robot Sales, Domestic and Asia) Apr 2023 In charge of Welding and Joining Division and FA Robot Division Apr 2025 Director Jun 2025 Audit & Supervisory Board Member (current)
1959-07-11
Ichiro TOKAI
Full-time Audit & Supervisory Board Member
Apr 1987 Joined the Company Jun 2015 Director, Shihen Tech Co., Ltd. Apr 2021 Representative Director, President, Daihen Aomori Co., Ltd. Apr 2022 Riji (Executive Director), the Company Jun 2023 Audit & Supervisory Board Member (current)
1963-09-20
Emiko UMAKOSHI
Director
Apr 1976 Conference Interpreter Dec 1989 Representative Director, Interlink Co., Ltd. Apr 1996 Associate Professor, Faculty of Modern Culture, Tokyo Junshin Women's University (now Tokyo Junshin University) Apr 2001 Professor, Faculty of Modern Culture, Tokyo Junshin Women's University Apr 2002 Professor (International Management), Obirin University Mar 2003 President, Japan Academy of Intercultural Management (current) Oct 2007 Visiting Professor, Graduate School of Business Sciences, University of Tsukuba Dec 2007 Public Interest Member, Tokyo Metropolitan Labor Relations Commission Jun 2014 Outside Director, Hitachi Transport System, Ltd. Mar 2016 Outside Director, AXA Life Insurance Co., Ltd. Apr 2019 Outside Director, AXA Holdings Japan K.K. Vice President, Obirin University Jun 2021 Director, the Company (current) Jun 2022 Outside Director, PC Depot Corporation Jul 2022 Management Advisor, Advisory Board, YKK Corporation Apr 2023 Professor Emeritus, Obirin University (current)
1952-04-16
Yasufumi FUJIWARA
Director
Aug 1985 Research Assistant, Faculty of Engineering Science, Osaka University Jan 1991 Lecturer, Faculty of Engineering Science, Osaka University Apr 1993 Associate Professor, Faculty of Engineering, Nagoya University Nov 1995 Visiting Associate Professor, University of Illinois at Urbana-Champaign Apr 1997 Associate Professor, Graduate School of Engineering, Nagoya University Jul 2003 Professor, Graduate School of Engineering, Osaka University Apr 2006 Visiting Professor, Organization for Research Strategy, Tokyo University of Science Aug 2015 Vice Dean, Osaka University Apr 2017 Director, Center for Nanoscience Design Education, Osaka University Mar 2020 Vice President, The Japan Society of Applied Physics Jun 2021 Director, the Company (current) Apr 2022 Director, Emerging Science Design R3 Center, Osaka University Apr 2024 Professor Emeritus, Osaka University (current) Specially Appointed Professor, Institute of Scientific and Industrial Research, Osaka University (current) Deputy Director and Specially Appointed Professor, Emerging Science Design R3 Center, Osaka University (current) Professor, Research Organization of Science and Technology, Ritsumeikan University (current) Oct 2025 CTO and Co-founder, IntraPhoton Co., Ltd. (current)
1959-02-14
Kiyotaka KAWASAKI
Director
Apr 1991 Joined Midosuji Law Office (now Midosuji Law Office, Attorney Corporation) Sep 1995 Worked at Davis Wright Tremaine LLP (USA) Jan 1996 Registered as Attorney, New York State Bar Sep 1996 Returned to Midosuji Law Office Jan 2000 Partner, Midosuji Law Office (current) Jun 2006 Outside Director, World Co., Ltd. Oct 2014 Outside Director, Inui Steamship Co., Ltd. Apr 2020 Representative Partner, Midosuji Law Office, Attorney Corporation Chair, Contract Monitoring Committee, National Institute of Advanced Industrial Science and Technology (AIST) (current) Jun 2024 Outside Audit & Supervisory Board Member, Tsubakimoto Chain Co. (current) Jun 2025 Director, the Company (current)
1965-11-26
Masafumi YOSHIDA
Audit & Supervisory Board Member
Apr 1979 Joined Nitto Audit Office (now Toyo Audit Corporation) Aug 1982 Registered as Certified Public Accountant Jul 1998 Representative Partner, Toyo Audit Corporation Aug 2009 Chairman, Toyo Audit Corporation Apr 2014 Auditor, National Institute of Technology (KOSEN) Aug 2014 Senior Advisor, Toyo Audit Corporation Jun 2018 Audit & Supervisory Board Member, the Company (current) Sep 2020 Principal, Yoshida CPA Office (current) Jun 2025 Outside Audit & Supervisory Board Member, Asahi Concrete Works Co., Ltd. (current)
1954-09-05
Shuichi MAKIYAMA
Audit & Supervisory Board Member
Apr 1979 Joined Sumitomo Bank (now Sumitomo Mitsui Banking Corporation) Apr 2006 Executive Officer, Sumitomo Mitsui Banking Corporation Apr 2009 Managing Executive Officer, Sumitomo Mitsui Banking Corporation Apr 2012 Director and Senior Managing Executive Officer, Sumitomo Mitsui Banking Corporation Apr 2014 Representative Director and Deputy President, Executive Officer, Sumitomo Mitsui Banking Corporation Apr 2015 Director and Vice Chairman, Sumitomo Mitsui Banking Corporation May 2015 Chief Representative Director, Kansai Economic Doyukai Apr 2017 Vice Chairman, Sumitomo Mitsui Banking Corporation Jun 2017 Representative Director, President, Royal Hotel, Ltd. Mar 2021 Vice Chairman, Japan Hotel Association Jun 2022 Outside Director, Elecom Co., Ltd. (current) Jun 2023 Chairman of the Board, Royal Hotel, Ltd. (current) Mar 2025 President, Japan Hotel Association (current) Jun 2025 Audit & Supervisory Board Member, the Company (current)
1956-07-04
Large Shareholding Reports
Asset Management One Co., Ltd.
2026-07-23
4.83%→3.55%
Sumitomo Mitsui DS Asset Management Company, Limited
2026-06-22
3.19%→4.68%
Nomura Asset Management Co., Ltd.
2026-06-05
5.51%→4.49%
Sumitomo Mitsui DS Asset Management Company, Limited
2026-02-20
3.19%
Asset Management One Co., Ltd.
2025-12-05
4.83%
Sumitomo Mitsui Banking Corporation
2025-12-05
4.31%→2.15%
Annual report (as of 2026-03-31): 2.29%
Sumitomo Mitsui Trust Asset Management Co., Ltd.
2025-12-04
3.01%→2.86%
Nomura Asset Management Co., Ltd.
2025-10-06
6.65%→5.51%
Sumitomo Mitsui Trust Asset Management Co., Ltd.
2025-09-19
3.19%→3.01%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-04
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-07-23
Large Shareholding Report
EDINET
2026-06-22
Large Shareholding Report
EDINET
2026-06-19
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-06-05
Large Shareholding Report
EDINET
2026-02-20
Large Shareholding Report
TDnet
2026-02-03
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-12-05
Large Shareholding Report
EDINET
2025-12-05
Large Shareholding Report
EDINET
2025-12-04
Large Shareholding Report
EDINET
2025-11-07
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2025-10-06
Large Shareholding Report
EDINET
2025-09-19
Large Shareholding Report
TDnet
2025-08-05
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-25
Annual Securities Report
Period: Apr 2024 – Mar 2025
EDINETAmended
2025-05-28
Amended Annual Securities Report
Period: Apr 2023 – Mar 2024
TDnet
2025-02-04
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-07
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-05
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-26
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-05
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-06
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-03
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-28
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-06
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-04
Quarterly Securities Report
EDINET
2022-08-03
Quarterly Securities Report
EDINET
2022-06-28
Annual Securities Report
EDINET
2022-02-03
Quarterly Securities Report
EDINET
2021-11-04
Quarterly Securities Report
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