Hello everyone. I’m @olivertomolife, and I love investing and shareholder special offers!
What kind of products do you think of when you hear the name Yodogawa Steelworks?
It’s the company that makes the famous Yodo shed in Japan!
The stock price has moved a lot since the company expanded its shareholder benefits in 2021.
In this article, I would like to explain the future movements of the stock price and when to buy.
- People who want to know about the movement of Yodogawa Steel’s stock price
- Want to invest in Yodogawa Steelworks in the future
- I want to know about Yodogawa Steel’s shareholder benefits.
- What is Yodogawa Steelworks?
- Share price movement
- When is the best time to buy Yodogawa Steelworks?
- Company’s Business
- Company Indicators
- Shareholder Benefits
The author has three years of investment experience and has experience in the securities industry.
By reading this article, you’ll learn all you need to know about Yodogawa Steel Works!
What is Yodogawa Steel Works?
It was established in Osaka in 1935 as a steel manufacturing company and has a history of over 80 years.
Yodogawa Steel boasts top-class colored steel sheets in the industry, and is highly trusted by both businesses and general consumers.
The company is also expanding its business overseas, exporting and licensing technology to 80 countries.
Stock price movement
The stock price fell sharply in 2020, plummeting to nearly 1,400 yen.
After that, it reached a high of over 2,600 yen, partly due to the announcement of the expansion of shareholder benefits.
There is a sense of caution about high prices, and the stock is currently searching for higher prices.
It will take some time before it becomes an uptrend.
When to buy Yodogawa Steelworks?
Personally, I think it is a good time to buy if the price is close to 2000 yen.
If you look at the chart from 2019, you will see that the stock has been moving in the ¥2000 range on average.
I think the stock price has stopped falling to a certain level and if the conditions are right, it will rise again.
I think we may see a move toward 3000 yen.
Business activities of the company
The company is engaged in four major businesses.
1 Steel sheet related business
By manufacturing steel sheets from raw materials, we are able to make products for a variety of applications.
These products are used in a wide range of fields, from construction to home appliances and housing equipment.
By enhancing the functionality of our products, we are able to meet the needs of our customers.
2 Roll business
We are involved in the manufacture of rolls that crush steel.
Our roll casting facilities are the largest in the world, and these components are used in a wide variety of fields.
Particularly in the paper manufacturing field, we also provide peripheral machinery related to manufacturing, and we have a proven track record as one of the leading manufacturers in Japan.
3 Grating business
The steel used to cover road drains is called grating.
It is said that the grating has been adopted for roads because of its durability and drainage properties.
We are developing that product with an emphasis on safe and secure living.
4 Real estate and others
In this business segment, we manage tenants of our own buildings and parking lots, as well as the real estate we own.
Corporate Indicators
The following is a summary of Yodogawa Steel’s corporate indices.
| PER | PBR | Dividend yield | Payout ratio | Equity ratio | Market capitalization |
| 10.79x | 0.41x | 3.22% | 2021/3 34.8% | 71.90% | 14th |
PER and PBR are cheaper than average.
The capital adequacy ratio is high, so the company has a solid financial base.
The yield, including benefits, is high, which is also attractive.
About shareholder special benefits
Shareholder special benefits are offered once a year and must be vested in March.
The details are summarized below.
| Regular benefit | Catalog gift worth 2,000 yen for 100 shares to 300 shares |
| Catalog gift worth 3,000 yen for 300 shares or more but less than 500 shares | |
| Catalog gift equivalent to 4,000 yen for 500 shares or more | |
| Long term preferential treatment/3 years or more, 7 times on the list | Catalog gift equivalent to 4,000 yen for 100 shares or more but less than 300 shares |
| Catalog gifts equivalent to 6,000 yen for 300 to 500 shares | |
| Catalog gifts worth 8,000 yen for 500 shares or more |
(Number of times presented: Twice a year)
- One admission ticket to the State Guest House for 100 shares or more
- A maximum of four people can use each ticket.
- A ticket to the State Guest House is enclosed in the “dividend statement” sent in late June and early December each year.
Summary
- Good financials with high capital adequacy ratio
- Good dividend yield.
- 30% of business is overseas
I’ve explained Yodogawa Steel’s stock price and when to buy!
I will continue to introduce Japanese stocks in the future, so please stay tuned.
Thank you for reading to the end!
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