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Stock Analysis & ValuationHakudo Co., Ltd. (7637.T)

Professional Stock Screener
Previous Close
¥2,342.00
Sector Valuation Confidence Level
Moderate
Valuation methodValue, ¥Upside, %
Artificial intelligence (AI)2830.5821
Intrinsic value (DCF)875.23-63
Graham-Dodd Method1597.62-32
Graham Formula4622.1597

Strategic Investment Analysis

Company Overview

Hakudo Co., Ltd. (7637.T) is a leading Japanese industrial company specializing in the processing and distribution of metal and plastic materials. Founded in 1932 and headquartered in Tokyo, Hakudo operates across Japan, China, Thailand, and Vietnam, supplying a diverse range of products including aluminum, copper, stainless steel, titanium, and engineering plastics. The company serves various industries requiring high-quality metal fabrication, positioning itself as a critical supplier in the industrials sector. With a market capitalization of ¥25.2 billion (as of latest data), Hakudo maintains a stable financial position, supported by consistent revenue streams and a low beta (0.56), indicating lower volatility compared to the broader market. The company’s extensive product portfolio and regional presence make it a key player in Asia’s metal and plastic materials supply chain.

Investment Summary

Hakudo Co., Ltd. presents a stable investment opportunity within the industrials sector, supported by its diversified product offerings and regional market penetration. The company’s low beta (0.56) suggests resilience against market volatility, appealing to risk-averse investors. Financially, Hakudo reported ¥57.3 billion in revenue and ¥1.9 billion in net income for FY 2024, with a diluted EPS of ¥168.99. Its strong operating cash flow (¥2.5 billion) and healthy cash position (¥5.7 billion) provide liquidity for growth and dividend payments (¥85 per share). However, exposure to cyclical industrial demand and regional economic fluctuations in Asia could pose risks. Investors should weigh Hakudo’s steady performance against potential sector downturns.

Competitive Analysis

Hakudo Co., Ltd. competes in the metal and plastic materials distribution sector, leveraging its long-standing industry expertise and diversified product portfolio. The company’s competitive advantage lies in its regional supply chain presence across Japan, China, Thailand, and Vietnam, allowing it to serve a broad customer base efficiently. Hakudo’s specialization in high-demand materials like aluminum, copper, and engineering plastics strengthens its position in industrial manufacturing. However, the company faces competition from larger global distributors with greater economies of scale. Hakudo’s relatively modest market cap (¥25.2 billion) limits its ability to compete on pricing with multinational giants, but its niche expertise in specialized metals and plastics provides differentiation. The company’s low debt (¥137.8 million) and strong cash reserves enhance financial flexibility, supporting competitive resilience in volatile markets.

Major Competitors

  • UACJ Corporation (5741.T): UACJ Corporation is a major Japanese aluminum manufacturer with a strong global presence. It competes with Hakudo in aluminum products but operates at a larger scale, benefiting from vertical integration. However, UACJ’s focus on aluminum limits its product diversity compared to Hakudo’s broader metal and plastic offerings.
  • Hitachi Metals, Ltd. (5486.T): Hitachi Metals is a diversified materials supplier with advanced technological capabilities in specialty steels and magnetic materials. It outscales Hakudo in R&D and high-end applications but lacks Hakudo’s regional distribution network in Southeast Asia.
  • Mitsui Mining & Smelting Co., Ltd. (5706.T): Mitsui Mining & Smelting is a key competitor in non-ferrous metals, with strong mining and smelting operations. It has greater upstream integration than Hakudo but is less diversified in plastic materials and regional distribution.
  • SUMCO Corporation (3436.T): SUMCO specializes in silicon wafers and high-purity metals, serving the semiconductor industry. It operates in a different niche than Hakudo but overlaps in advanced material supply. SUMCO’s tech focus gives it higher margins but less diversification.
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