DKK Co., Ltd.
Realizing Management with Capital Cost and Stock Price in Mind (Update)
Aligned with the medium-term plan DKK-Plan2028, pursuing improvements in capital efficiency and market valuation. PBR remains below 1x, ROE is recovering but not yet above shareholders’ cost of capital; aims to improve CCC and transition equity ratio to 60–65%, and enhance IR/SR to boost market valuation.
Key Figures
- CCC improved earlier by more than 50 days (vs FY2026/3)
- Transition the equity ratio to the 60-65% level
- Achieve an operating margin of 6% or higher ahead of schedule (target)
AI要約
現状分析
Current analysis shows PBR persistently below 1x, and although ROE is recovering, it has not yet reached a level above shareholders’ cost of capital. The PER has recently trended downward. Based on CAPM, the cost of equity is set between 5.0% and 8.0%, with an equity spread that is negative. Increases in raw material prices and electricity rates could erode profits.
対応方針
Continuing the initiatives of the medium-term management plan, 'DKK-Plan2028', to improve capital efficiency and strengthen balance sheet management. To enhance market valuation, intensify IR/SR activities and promote proactive disclosure. Specifically, aim for stronger profitability (targeting operating profit margin of 6% or higher), CCC improvement to raise capital efficiency, review of held assets, stronger shareholder returns, DX-driven operational efficiency, accelerated growth investments, and proactive disclosure of business strategy.
DKK Co., Ltd.
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