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Stock Analysis & ValuationEidai Co.,Ltd. (7822.T)

Professional Stock Screener
Previous Close
¥235.00
Sector Valuation Confidence Level
Moderate
Valuation methodValue, ¥Upside, %
Artificial intelligence (AI)828.62253
Intrinsic value (DCF)87.82-63
Graham-Dodd Method848.26261
Graham Formulan/a

Strategic Investment Analysis

Company Overview

Eidai Co., Ltd. is a leading Japanese manufacturer and supplier of residential building materials and wooden boards, headquartered in Osaka. Founded in 1946, the company specializes in high-quality flooring products, interior staircase sets, doors, closets, shoe storage units, and kitchen and bathroom fixtures, catering primarily to Japan's domestic market. Operating in the Consumer Cyclical sector under the Furnishings, Fixtures & Appliances industry, Eidai plays a crucial role in Japan's housing and construction sectors. The company's product portfolio includes particle boards and other engineered wood products, serving both residential and commercial construction needs. With a market capitalization of approximately ¥9.9 billion, Eidai maintains a stable financial position, supported by consistent revenue streams from Japan's steady demand for housing materials. The company's long-standing industry presence and focus on functional, durable interior solutions position it as a trusted supplier in Japan's competitive building materials market.

Investment Summary

Eidai Co., Ltd. presents a moderately conservative investment opportunity with stable but limited growth prospects. The company's low beta (0.289) suggests lower volatility compared to the broader market, appealing to risk-averse investors. While revenue (¥71.7 billion) and net income (¥3.2 billion) indicate steady operations, the company operates in a mature domestic market with constrained expansion opportunities. Positive operating cash flow (¥9.9 billion) and reasonable debt levels (¥25.3 billion against ¥12.8 billion cash) demonstrate financial stability. However, the modest dividend yield (¥10 per share) and lack of significant international presence may limit upside potential. Investors should weigh Eidai's reliable domestic market position against Japan's aging population trends and stagnant housing market growth.

Competitive Analysis

Eidai Co., Ltd. competes in Japan's crowded building materials sector by leveraging its long-established brand reputation and comprehensive product lineup for residential interiors. The company's competitive advantage lies in its vertically integrated production of wooden board materials and finished interior products, allowing for quality control and cost efficiencies. However, Eidai faces intense competition from larger conglomerates with greater scale and more diversified product offerings. Unlike some competitors, Eidai maintains a focused domestic strategy, which protects margins but limits growth potential. The company's strength in standardized interior solutions (flooring, closets, storage units) gives it steady demand from Japan's prefabricated housing industry, though it may lack innovation compared to premium interior brands. With ¥71.7 billion in revenue, Eidai is a mid-tier player in Japan's furnishings sector, smaller than industry leaders but with specialized expertise in wood-based materials. Its financial conservatism (evidenced by strong cash position) provides stability but may hinder aggressive market expansion or R&D investments compared to more dynamic competitors.

Major Competitors

  • Tenryu Saw Mfg. Co., Ltd. (5945.T): Tenryu Saw Mfg. specializes in saws and cutting tools but has expanded into building materials. While smaller than Eidai in interior products, Tenryu competes in wood processing technology. Its strength lies in cutting-edge woodworking tools, but it lacks Eidai's comprehensive interior solutions portfolio.
  • Noritz Corporation (5943.T): Noritz is a major player in bathroom and kitchen fixtures, directly competing with Eidai in these segments. With stronger brand recognition in water heating systems, Noritz holds an advantage in high-tech bathroom solutions but doesn't offer Eidai's full range of wooden interior products.
  • Nifco Inc. (7988.T): Nifco manufactures plastic fasteners and components for furniture and interiors. While not a direct competitor in wood products, Nifco's plastic components often substitute for traditional wood fittings in modern Japanese homes. Its strength is in lightweight, cost-effective solutions where Eidai maintains an edge in premium wooden finishes.
  • LIXIL Corporation (5938.T): LIXIL is a giant in Japan's building materials sector with global operations. It dominates in bathroom/kitchen products and housing materials, far surpassing Eidai in scale and innovation. LIXIL's weakness is higher price points, where Eidai can compete on affordability in basic interior solutions.
  • Cleanup Corporation (7955.T): Cleanup focuses exclusively on kitchen systems, competing directly with Eidai's kitchen product line. Known for high-quality stainless steel kitchens, Cleanup holds a premium position where Eidai competes more on traditional wooden kitchen solutions at mid-range price points.
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