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DOWA Holdings: 30% of Profits Come from Waste Collection
DOWA Holdings, a major non-ferrous metal company, has revealed in its segment information for the fiscal year ending March 2026 that its environment and recycling division, while accounting for only 111.1 billion yen (14.9% of total) in external sales out of consolidated net sales of 745.4 billion yen, generated 16.5 billion yen in ordinary profit, representing over 30% of the division's total ordinary profit of 50.7 billion yen. Including internal sales of 116 billion yen within the group, the division's total sales reach 227.1 billion yen, with more than half supplied to its own smelters. The smelting division follows with external sales of 352.1 billion yen and ordinary profit of 19.6 billion yen, while the metal processing division has external sales of 147.2 billion yen and ordinary profit of 9.7 billion yen. The stock price rose about 30% from 7,990 yen at the close on July 30 to 10,395 yen on August 28, with a P/E ratio of 10.79 and a P/B ratio of 1.34.
5714.JP · · Neutral Article reports DOWA's segment profit breakdown (recycling division >30% of profit) and a ~30% share price rise, but gives no stated cause for the move.