DAIFUKU CO., LTD. DFKUY

IndustrialsMachinery, Tools, Heavy Vehicles, Trains & ShipsJapan

Last close 16.39 USD on Nov 3, 2026, +5.5% year to date

Quant rating

Quant rating B Rank 131 of 418 in Industrials

Growth C 255 of 418
Valuation B 89 of 418
Quality B 136 of 418
Revisions B 91 of 418
Momentum C 261 of 418

Wall Street consensus Buy (1.93)Average target 47.49 USD +189.8%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 12.6B
Enterprise value: 11.3B
52-week range: 11.22 – 25.32
3-year range: 7.09 – 25.32
Dividend yield: 1.20%
Beta (5 years): 1.33
Shares outstanding: 380M
Next earnings: Nov 11, 2026

About the company

Daifuku Co Ltd is primarily engaged in the manufacture and sale of material handling systems and equipment, as well as the manufacture and sale of car wash machines, industrial personal computers and interface boards. The Company operates in five business segments. The Daifuku segment manufactures and sells material handling systems and equipment, and car wash machines, and provides after-sales services. The Content segment develops, manufactures, sells, and provides after-sales services for personal computer (PC) peripherals and industrial computer network equipment. The DNA segment manufactures and sells material handling systems and equipment, mainly in North America. The CFI segment manufactures and sells clean room transport systems, mainly to semiconductor manufacturers in South Korea, and provides after-sales services for clean room transport systems, mainly to semiconductor manufacturers in China. The other businesses include after-sales services.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	4,218	3,583	4,533	4,211	4,281	–
Revenue growth	17.7%	−20.9%	7.7%	−1.6%	3.7%	0.4%
EPS (basic, normalized)	1.39	1.01	–	–	–	–
EPS growth	37.4%	–	–	–	–	–
Gross margin	24.5%	22.2%	18.2%	18.4%	18.6%	20.4%
Net margin	11.8%	10.1%	6.9%	7.0%	6.8%	8.5%
ROE	18.4%	–	13.2%	13.1%	13.2%	14.5%

Balance sheet, last quarter
Cash & short-term investments (mil)	1,657
Current ratio	–
Long-term debt (mil)	–
Net debt (mil)	–
Total equity (mil)	3,086
Net debt / equity	–
Net debt / EBITDA	–

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2025 actual	4,218	+17.7%	2.7x	724	+48.9%	15.6x	1.39	+37.4%	11.8x
2026	4,729	+12.1%	2.4x	833	+14.9%	13.6x	1.53	+10.2%	10.7x
2027	5,332	+12.7%	2.1x	970	+16.4%	11.7x	1.79	+16.8%	9.2x
2028	5,747	+7.8%	2.0x	1,073	+10.7%	10.6x	1.97	+10.1%	8.3x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	4,729	+0.3%	+4.0%	+5.1%	1.53	+0.5%	+3.4%	+6.1%
2027	5,332	+1.2%	+5.9%	+7.7%	1.79	+1.3%	+5.3%	+9.8%
2028	5,747	+1.5%	+5.7%	+8.1%	1.97	+1.6%	+4.1%	+9.9%

Earnings surprises EPS beat in 4 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	FQ-9	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	–	128,533	157,530	260,607	160,256	166,233	159,525	174,710	172,710	182,803
Sales mean (mil)	–	164,970	209,250	78,000	170,879	165,012	163,084	165,248	164,246	169,294
Surprise	–	−22.1%	−24.7%	+234.1%	−6.2%	+0.7%	−2.2%	+5.7%	+5.2%	+8.0%
EPS reported	–	31.74	45.42	74.15	45.86	56.46	56.69	53.38	53.03	64.04
EPS mean	–	26.85	33.20	13.00	46.38	42.86	42.00	51.85	53.00	57.12
Surprise	–	+18.2%	+36.8%	+470.4%	−1.1%	+31.7%	+35.0%	+2.9%	0.0%	+12.1%

Peer comparison Machinery, Tools, Heavy Vehicles, Trains & Ships

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
DFKUY DAIFUKU CO., LTD.	12.6B	–	11.8%	4.18x	10.7x	9.2x	13.6x	11.7x
SKFRY SKF AB	12.8B	0.68x	4.3%	2.04x	15.9x	12.9x	14.3x	11.3x
MAIR Madison Air Solutions Corp	12.5B	–	2.9%	3.44x	23.5x	21.0x	14.6x	12.8x
SIELY Shanghai Electric Group Co Ltd	12.5B	–	1.0%	1.72x	430.1x	349.3x	12.8x	11.1x
FUWAY Furukawa Electric Co Ltd	12.4B	–	5.5%	4.35x	–	–	–	–
GNRC Generac Holdings Inc.	12.3B	1.32x	3.8%	4.10x	21.2x	14.9x	13.1x	9.7x
Mean		1.00x	4.9%	3.31x	100.3x	81.5x	13.7x	11.3x
Median		1.00x	4.0%	3.77x	21.2x	14.9x	13.6x	11.3x

Technical analysis

1M−12.8%
3M−12.3%
1Y+3.4%
3Y+96.4%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, DAIFUKU CO., LTD., fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	4,218	3,583	4,533	4,211	4,281	4,126
Cost of revenue	3,186	2,790	3,706	3,436	3,485	3,328
Gross profit	1,032	794	827	775	796	798
Selling, general & administrative expenses	331	297	329	309	343	372
Research & development	34.7	21.9	30.2	29.8	26.9	27.9
Depreciation/amortization	22.9	19.2	24.3	23.5	24.2	37.5
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	−3.5	17.5	43.2	4.2	12.9	1.8
Other operating expenses	0	0	0	0	0	0
Operating income	647	438	400	409	390	359
Net interest income (expense)	46.1	32.4	10.4	2.7	12.1	8.7
Gain (loss) on sale of assets	0.2	0.5	0.7	0.1	−2.0	−2.4
Other non-operating income (expense)	6.1	3.3	3.5	7.4	7.8	4.8
Net income before taxes	700	474	415	419	407	370
Provision for taxes	201	110	104	119	111	103
Minority interest	0	−0.5	−0.1	−4.7	−3.6	−5.9
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	499	363	311	295	293	261
Extraordinary items	–	–	–	–	–	–
Net income	499	363	311	295	293	261
EBIT, normalized	644	455	443	413	403	361
EBITDA, normalized	706	511	513	479	467	437
Basic EPS, normalized	1.39	1.01	–	–	–	–

Balance sheet in millions of USD, fiscal years

Balance sheet, DAIFUKU CO., LTD., fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	1,668	1,409	774	976	851	659
Receivables	1,512	1,418	1,875	1,711	1,909	1,882
Total inventory	409	400	497	339	328	310
Prepaid expenses	–	–	–	–	–	–
Other current assets	138	154	115	108	79.1	122
Total current assets	3,727	3,382	3,262	3,134	3,167	2,973
Property, plant & equipment	690	546	490	454	448	440
Goodwill	12.4	17.7	28.6	32.5	38.0	45.5
Intangibles	70.3	60.9	57.6	55.6	52.4	48.7
Long-term investments	46.4	85.8	92.4	110	135	141
Note receivable	0.8	0.5	0.3	0.4	1.1	1.2
Other long-term assets	268	289	223	187	183	171
Total assets	4,815	4,382	4,154	3,973	4,024	3,821
Liabilities
Accounts payable	529	520	709	626	578	643
Payable/accrued	–	–	–	–	–	–
Accrued expenses	107	80.2	–	–	–	–
Short-term debt	3.5	14.9	57.7	53.6	125	108
Current portion of long-term debt	13.3	13.4	35.8	141	26.3	11.1
Other current liabilities	798	734	725	607	619	529
Total current liabilities	1,450	1,363	1,527	1,427	1,348	1,290
Long-term debt	418	412	39.6	56.9	207	228
Minority interest	0.1	2.1	2.3	10.6	44.7	40.9
Other liabilities	63.6	71.7	84.0	87.9	103	96.2
Total liabilities	1,932	1,849	1,653	1,583	1,702	1,655
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	203	203	240	262	288	296
Additional paid-in capital	130	130	154	170	199	204
Retained earnings (accumulated deficit)	2,432	2,082	1,934	1,871	1,828	1,667
Treasury stock	−196	−196	−6.8	−7.4	−8.5	−13.3
Other equity	313	314	179	94.6	16.1	11.6
Total equity	2,883	2,533	2,500	2,390	2,322	2,166
Total liabilities & shareholders' equity	4,815	4,382	4,154	3,973	4,024	3,821

Cash flow statement in millions of USD, fiscal years

Cash flow statement, DAIFUKU CO., LTD., fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	700	474	415	419	407	370
Depreciation, depletion & amortization	62.7	55.5	69.5	65.5	64.1	76.1
Deferred taxes	–	–	–	–	–	–
Non-cash items	−47.1	−31.8	−3.6	−2.6	1.9	−9.3
Changes in working capital	−229	241	−330	−12.5	−121	−310
Cash from operations	486	739	151	469	352	127
Investing activities
Capital expenditures	−142	−75.6	−103	−86.0	−67.6	−119
Other investing cash flows	−13.4	60.4	13.9	5.2	12.2	−18.4
Cash from investing	−155	−15.2	−89.4	−80.8	−55.4	−138
Financing activities
Financing cash flow items	−13.6	−12.5	−23.1	−57.7	−12.5	−11.1
Cash dividends paid	−150	−111	−90.2	−88.1	−85.5	−105
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−11.5	−111	−114	−80.7	17.3	−54.2
Cash from financing	−175	−234	−227	−226	−80.7	−171
Foreign exchange effects	2.4	44.7	43.3	40.0	−6.7	−5.4
Net change in cash	159	534	−123	202	210	−186
Free cash flow	344	663	47.6	383	285	8.3

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 3, 2026 after market close.