Global talent recruitment and aggressive investment are key to growth, Daikin Industries.
クリスのレポート
コロナ期に一度売上を落としているが前年比28％の成長と大きな成長をしている。海外売上比は分からないが、海外法人の現地人社長率が44％と高くグローバル化に強い体質が伺える。研究開発費が1022億円(売上の2.5％程度)。設備投資が2500億円(売上の6.3%)。研究開発、設備投資に積極的に投資している。流動比率1.67、自己資本率53%。CFは年によって＋ーを彷徨っているが、フリーキャッシュフローが5482億円。PERは平均より少し低い。
Chris's report
After experiencing a decline in sales during the COVID period, the company is now seeing significant growth with a 28% increase compared to the previous year. The proportion of sales from overseas is unknown, but with 44% of overseas subsidiaries headed by local nationals, the company appears to have a strong global orientation. Research and development expenses amount to 102.2 billion yen (about 2.5% of sales). Capital investment is 250 billion yen (6.3% of sales). The company is actively investing in research and development, as well as in capital expenditure. The current ratio is 1.67, and the equity ratio is 53%. Cash flow (CF) varies yearly, showing both positive and negative trends, but the free cash flow is 548.2 billion yen. The P/E ratio is slightly lower than the average.
ピチョン君が可愛い。日経新聞の記事によるとアフリカで生産を開始したらしくグローバル。地球温暖化でエアコンは必需品。
Insight
Pichon-kun is cute. According to an article in the Nikkei newspaper, it seems that production has started in Africa, indicating a global reach. With global warming, air conditioners have become a necessity.
ミナの判断
株価が24000円で購入単位が100株なので240万円、全体の24％となりリスクが高い。日本の機関投資家が大口株主で、2倍、10倍となるような魅力的な投資先とは言えないのでは。資金の余裕がある安定志向の投資家向け。
Mina's judgment
The stock price is 24,000 yen, and the minimum purchase unit is 100 shares, so it costs 2.4 million yen, accounting for 24% of the total, which is a high risk. With Japanese institutional investors being major shareholders, it might not be considered an attractive investment destination with prospects of doubling or tenfolding. It seems more suitable for investors with a stable orientation who have surplus funds.
