Reported Earnings • May 13
Full year 2026 earnings released: EPS: JP¥4.14 (vs JP¥105 in FY 2025) Full year 2026 results: EPS: JP¥4.14 (down from JP¥105 in FY 2025). Revenue: JP¥9.60b (down 8.6% from FY 2025). Net income: JP¥28.0m (down 96% from FY 2025). Profit margin: 0.3% (down from 6.7% in FY 2025). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has increased by 37% per year, which means it is well ahead of earnings. Ankündigung • May 12
Tokyo Cosmos Electric Co., Ltd., Annual General Meeting, Jun 23, 2026 Tokyo Cosmos Electric Co., Ltd., Annual General Meeting, Jun 23, 2026. Ankündigung • May 10
Tokyo Cosmos Electric Co., Ltd. to Report Fiscal Year 2026 Results on May 11, 2026 Tokyo Cosmos Electric Co., Ltd. announced that they will report fiscal year 2026 results on May 11, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 16 July 2026. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%). Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥1,180, the stock trades at a trailing P/E ratio of 40.1x. Average trailing P/E is 17x in the Electronic industry in Japan. Total returns to shareholders of 195% over the past three years. Buy Or Sell Opportunity • Feb 18
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 18% to JP¥1,450. The fair value is estimated to be JP¥1,817, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 33%. Reported Earnings • Feb 11
Third quarter 2026 earnings released Third quarter 2026 results: Revenue: JP¥2.37b (down 15% from 3Q 2025). Net income: JP¥40.0m (down 83% from 3Q 2025). Profit margin: 1.7% (down from 8.2% in 3Q 2025). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 56% per year, which means it is well ahead of earnings. Declared Dividend • Jan 09
Dividend of JP¥35.00 announced Shareholders will receive a dividend of JP¥35.00. Ex-date: 30th March 2026 Payment date: 16th July 2026 Dividend yield will be 2.3%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (61% earnings payout ratio) and cash flows (44% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 22% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Ankündigung • Jan 08
Tokyo Cosmos Electric Co., Ltd. announces Annual dividend, payable on July 16, 2026 Tokyo Cosmos Electric Co., Ltd. announced Annual dividend of JPY 35.0000 per share payable on July 16, 2026, ex-date on March 30, 2026 and record date on March 31, 2026. Ankündigung • Dec 02
Tokyo Cosmos Electric Co., Ltd. to Report Q3, 2026 Results on Feb 10, 2026 Tokyo Cosmos Electric Co., Ltd. announced that they will report Q3, 2026 results on Feb 10, 2026 Board Change • Nov 13
Less than half of directors are independent There are 10 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 10 new directors. 1 experienced director. 1 highly experienced director. 4 independent directors (8 non-independent directors). Independent Outside Director Masanori Ono is the most experienced director on the board, commencing their role in 2014. Independent Outside Director Kaneki Yamaguchi was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Ankündigung • Sep 27
Tokyo Cosmos Electric Co., Ltd. to Report Q2, 2026 Results on Nov 10, 2025 Tokyo Cosmos Electric Co., Ltd. announced that they will report Q2, 2026 results on Nov 10, 2025 Reported Earnings • Aug 09
First quarter 2026 earnings released: EPS: JP¥56.23 (vs JP¥141 in 1Q 2025) First quarter 2026 results: EPS: JP¥56.23 (down from JP¥141 in 1Q 2025). Revenue: JP¥2.50b (flat on 1Q 2025). Net income: JP¥76.0m (down 60% from 1Q 2025). Profit margin: 3.0% (down from 7.7% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 79% per year, which means it is well ahead of earnings. Board Change • Jul 21
Less than half of directors are independent There are 8 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 8 new directors. 1 experienced director. 1 highly experienced director. 4 independent directors (6 non-independent directors). Independent Outside Director Masanori Ono is the most experienced director on the board, commencing their role in 2014. Independent Outside Director Kaneki Yamaguchi was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Jul 05
Full year 2025 earnings released: EPS: JP¥525 (vs JP¥707 in FY 2024) Full year 2025 results: EPS: JP¥525 (down from JP¥707 in FY 2024). Revenue: JP¥10.5b (flat on FY 2024). Net income: JP¥709.0m (down 26% from FY 2024). Profit margin: 6.7% (down from 9.2% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 80% per year, which means it is well ahead of earnings. New Risk • Jun 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 8.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.3% average weekly change). Market cap is less than US$100m (JP¥12.6b market cap, or US$87.7m). Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to JP¥7,810, the stock trades at a trailing P/E ratio of 14.9x. Average trailing P/E is 12x in the Electronic industry in Japan. Total returns to shareholders of 435% over the past three years. Ankündigung • Jun 10
Bourns, Inc. proposed to acquire Tokyo Cosmos Electric Co., Ltd. (TSE:6772) for ¥10.9 billion. Bourns, Inc. proposed to acquire Tokyo Cosmos Electric Co., Ltd. (TSE:6772) for ¥10.9 billion on June 10, 2025. A cash consideration valued at ¥8075 per share will be paid by Bourns, Inc. Tokyo Cosmos Electric Co., Ltd. will be wholly owned subsidiary of Bourns, Inc. as a result of the transaction.
The transaction is subject to minimum tender of 0.89 million shares. The Board of Directors of Tokyo Cosmos Electric Co., Ltd. formed a special committee of Masanori Ono, Takako Morita, Kaneki Yamaguchi, Mikiharu Mori, and Kazuhiro Fujita for the transaction. The expected completion of the transaction is July 30, 2025.
Trans Capital Inc. acted as financial advisor for Tokyo Cosmos Electric Co., Ltd. Keiwa Sogo Law Offices acted as legal advisor for Tokyo Cosmos Electric Co., Ltd. Ankündigung • Jun 04
Tokyo Cosmos Electric Co., Ltd. to Report Q1, 2026 Results on Aug 08, 2025 Tokyo Cosmos Electric Co., Ltd. announced that they will report Q1, 2026 results on Aug 08, 2025 Buy Or Sell Opportunity • Jun 02
Now 20% undervalued Over the last 90 days, the stock has risen 11% to JP¥6,500. The fair value is estimated to be JP¥8,134, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Buy Or Sell Opportunity • May 15
Now 21% undervalued Over the last 90 days, the stock has risen 2.9% to JP¥6,440. The fair value is estimated to be JP¥8,122, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Reported Earnings • May 13
Full year 2025 earnings released: EPS: JP¥525 (vs JP¥707 in FY 2024) Full year 2025 results: EPS: JP¥525 (down from JP¥707 in FY 2024). Revenue: JP¥10.5b (flat on FY 2024). Net income: JP¥709.0m (down 26% from FY 2024). Profit margin: 6.7% (down from 9.2% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 60% per year, which means it is well ahead of earnings. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥160 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 26 June 2025. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.7%). Ankündigung • Mar 04
Tokyo Cosmos Electric Co., Ltd. to Report Fiscal Year 2025 Results on May 12, 2025 Tokyo Cosmos Electric Co., Ltd. announced that they will report fiscal year 2025 results at 3:00 PM, Tokyo Standard Time on May 12, 2025 Reported Earnings • Feb 12
Third quarter 2025 earnings released: EPS: JP¥169 (vs JP¥141 in 3Q 2024) Third quarter 2025 results: EPS: JP¥169 (up from JP¥141 in 3Q 2024). Revenue: JP¥2.78b (up 5.2% from 3Q 2024). Net income: JP¥228.1m (up 19% from 3Q 2024). Profit margin: 8.2% (up from 7.2% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 57% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Jan 06
Dividend of JP¥160 announced Shareholders will receive a dividend of JP¥160. Ex-date: 28th March 2025 Payment date: 26th June 2025 Dividend yield will be 2.7%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (29% earnings payout ratio) and cash flows (17% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 36% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 15
Second quarter 2025 earnings released: EPS: JP¥76.95 (vs JP¥179 in 2Q 2024) Second quarter 2025 results: EPS: JP¥76.95 (down from JP¥179 in 2Q 2024). Revenue: JP¥2.68b (down 1.9% from 2Q 2024). Net income: JP¥104.0m (down 57% from 2Q 2024). Profit margin: 3.9% (down from 8.9% in 2Q 2024). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 23
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥3,930, the stock trades at a trailing P/E ratio of 6.6x. Average trailing P/E is 12x in the Electronic industry in Japan. Total returns to shareholders of 223% over the past three years. Reported Earnings • Aug 11
First quarter 2025 earnings released: EPS: JP¥141 (vs JP¥247 in 1Q 2024) First quarter 2025 results: EPS: JP¥141 (down from JP¥247 in 1Q 2024). Revenue: JP¥2.49b (down 2.7% from 1Q 2024). Net income: JP¥191.0m (down 44% from 1Q 2024). Profit margin: 7.7% (down from 13% in 1Q 2024). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 32% per year whereas the company’s share price has increased by 37% per year. New Risk • Aug 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.1% average weekly change). Market cap is less than US$100m (JP¥4.05b market cap, or US$28.4m). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 26% After last week's 26% share price decline to JP¥3,000, the stock trades at a trailing P/E ratio of 4.2x. Average trailing P/E is 12x in the Electronic industry in Japan. Total returns to shareholders of 170% over the past three years. New Risk • May 20
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.7% average weekly change). Market cap is less than US$100m (JP¥5.25b market cap, or US$33.7m). Reported Earnings • May 13
Full year 2024 earnings released: EPS: JP¥706 (vs JP¥827 in FY 2023) Full year 2024 results: EPS: JP¥706 (down from JP¥827 in FY 2023). Revenue: JP¥10.4b (down 2.6% from FY 2023). Net income: JP¥962.0m (down 18% from FY 2023). Profit margin: 9.2% (down from 11% in FY 2023). Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has increased by 64% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • May 12
Tokyo Cosmos Electric Co., Ltd., Annual General Meeting, Jun 25, 2024 Tokyo Cosmos Electric Co., Ltd., Annual General Meeting, Jun 25, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥95.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 28 June 2024. Payout ratio is a comfortable 4.7% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.4%). Ankündigung • Mar 02
Tokyo Cosmos Electric Co., Ltd. to Report Q3, 2024 Final Results on Feb 10, 2025 Tokyo Cosmos Electric Co., Ltd. announced that they will report Q3, 2024 final results on Feb 10, 2025 Declared Dividend • Feb 13
Dividend increased to JP¥95.00 Dividend of JP¥95.00 is 58% higher than last year. Ex-date: 28th March 2024 Payment date: 28th June 2024 Dividend yield will be 2.9%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (5% earnings payout ratio) and cash flows (9% cash payout ratio). The dividend has increased by an average of 9.0% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 24% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 11
Third quarter 2024 earnings released: EPS: JP¥141 (vs JP¥151 in 3Q 2023) Third quarter 2024 results: EPS: JP¥141 (down from JP¥151 in 3Q 2023). Revenue: JP¥2.65b (down 3.2% from 3Q 2023). Net income: JP¥191.0m (down 11% from 3Q 2023). Profit margin: 7.2% (down from 7.9% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 56% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 12
Second quarter 2024 earnings released: EPS: JP¥179 (vs JP¥244 in 2Q 2023) Second quarter 2024 results: EPS: JP¥179 (down from JP¥244 in 2Q 2023). Revenue: JP¥2.73b (flat on 2Q 2023). Net income: JP¥243.0m (down 30% from 2Q 2023). Profit margin: 8.9% (down from 13% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 67% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 14
First quarter 2024 earnings released: EPS: JP¥247 (vs JP¥229 in 1Q 2023) First quarter 2024 results: EPS: JP¥247 (up from JP¥229 in 1Q 2023). Revenue: JP¥2.56b (up 1.6% from 1Q 2023). Net income: JP¥343.0m (up 5.9% from 1Q 2023). Profit margin: 13% (in line with 1Q 2023). Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 61% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥2,714, the stock trades at a trailing P/E ratio of 3.3x. Average trailing P/E is 12x in the Electronic industry in Japan. Total returns to shareholders of 263% over the past three years. Reported Earnings • May 16
Full year 2023 earnings released: EPS: JP¥827 (vs JP¥432 in FY 2022) Full year 2023 results: EPS: JP¥827 (up from JP¥432 in FY 2022). Revenue: JP¥10.7b (up 13% from FY 2022). Net income: JP¥1.17b (up 86% from FY 2022). Profit margin: 11% (up from 6.6% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth. Ankündigung • May 14
Tokyo Cosmos Electric Co., Ltd., Annual General Meeting, Jun 27, 2023 Tokyo Cosmos Electric Co., Ltd., Annual General Meeting, Jun 27, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥60.00 per share at 2.7% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 26 June 2023. Payout ratio is a comfortable 4.7% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%). Valuation Update With 7 Day Price Move • Feb 21
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to JP¥2,489, the stock trades at a trailing P/E ratio of 3.9x. Average trailing P/E is 11x in the Electronic industry in Japan. Total returns to shareholders of 166% over the past three years. Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: JP¥151 (vs JP¥167 in 3Q 2022) Third quarter 2023 results: EPS: JP¥151 (down from JP¥167 in 3Q 2022). Revenue: JP¥2.73b (up 16% from 3Q 2022). Net income: JP¥215.0m (down 9.7% from 3Q 2022). Profit margin: 7.9% (down from 10% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Ankündigung • Dec 01
Tokyo Cosmos Electric Co., Ltd. to Report Q3, 2023 Results on Feb 10, 2023 Tokyo Cosmos Electric Co., Ltd. announced that they will report Q3, 2023 results on Feb 10, 2023 Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Morita Takako was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 13
Second quarter 2023 earnings released: EPS: JP¥243 (vs JP¥152 in 2Q 2022) Second quarter 2023 results: EPS: JP¥243 (up from JP¥152 in 2Q 2022). Revenue: JP¥2.74b (up 9.7% from 2Q 2022). Net income: JP¥346.0m (up 55% from 2Q 2022). Profit margin: 13% (up from 8.9% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 28
Investor sentiment improved over the past week After last week's 20% share price gain to JP¥2,034, the stock trades at a trailing P/E ratio of 3.6x. Average trailing P/E is 11x in the Electronic industry in Japan. Total returns to shareholders of 90% over the past three years. Ankündigung • Sep 28
Tokyo Cosmos Electric Co., Ltd. to Report Q2, 2023 Results on Nov 10, 2022 Tokyo Cosmos Electric Co., Ltd. announced that they will report Q2, 2023 results on Nov 10, 2022 Reported Earnings • Aug 07
First quarter 2023 earnings released: EPS: JP¥229 (vs JP¥95.71 in 1Q 2022) First quarter 2023 results: EPS: JP¥229 (up from JP¥95.71 in 1Q 2022). Revenue: JP¥2.52b (up 9.5% from 1Q 2022). Net income: JP¥324.0m (up 123% from 1Q 2022). Profit margin: 13% (up from 6.3% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Ankündigung • Jun 30
Tokyo Cosmos Electric Co., Ltd. to Report Q1, 2023 Results on Aug 05, 2022 Tokyo Cosmos Electric Co., Ltd. announced that they will report Q1, 2023 results on Aug 05, 2022 Reported Earnings • May 17
Full year 2022 earnings released: EPS: JP¥432 (vs JP¥104 loss in FY 2021) Full year 2022 results: EPS: JP¥432 (up from JP¥104 loss in FY 2021). Revenue: JP¥9.51b (up 21% from FY 2021). Net income: JP¥630.0m (up JP¥791.0m from FY 2021). Profit margin: 6.6% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Ankündigung • May 15
Tokyo Cosmos Electric Co., Ltd., Annual General Meeting, Jun 23, 2022 Tokyo Cosmos Electric Co., Ltd., Annual General Meeting, Jun 23, 2022. Agenda: AGM. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Outside Director Yoshitaka Okano was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Ankündigung • Apr 08
Tokyo Cosmos Electric Co., Ltd. to Report Fiscal Year 2022 Results on May 13, 2022 Tokyo Cosmos Electric Co., Ltd. announced that they will report fiscal year 2022 results on May 13, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 27 June 2022. Payout ratio is a comfortable 4.9% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.3%). Reported Earnings • Feb 14
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥167 (up from JP¥40.67 in 3Q 2021). Revenue: JP¥2.36b (up 8.0% from 3Q 2021). Net income: JP¥238.0m (up 278% from 3Q 2021). Profit margin: 10% (up from 2.9% in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has increased by 2% per year. Valuation Update With 7 Day Price Move • Nov 18
Investor sentiment improved over the past week After last week's 27% share price gain to JP¥2,000, the stock trades at a trailing P/E ratio of 6.6x. Average trailing P/E is 14x in the Electronic industry in Japan. Total returns to shareholders of 34% over the past three years. Reported Earnings • Nov 12
Second quarter 2022 earnings released: EPS JP¥152 (vs JP¥52.29 loss in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥2.50b (up 36% from 2Q 2021). Net income: JP¥223.0m (up JP¥304.0m from 2Q 2021). Profit margin: 8.9% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Ankündigung • Sep 23
Tokyo Cosmos Electric Co., Ltd. (TSE:6772) announces an Equity Buyback for 45,000 shares, representing 3.08% for ¥77.31 million. Tokyo Cosmos Electric Co., Ltd. (TSE:6772) announces a share repurchase program. Under the program, the company will repurchase up to 45,000 shares, representing 3.08% of its issued share capital (excluding treasury stock), for a total purchase price of ¥77.31 million. The shares will be repurchased at a price of ¥1,718 per share. The purpose of the program is to improve capital efficiency and implement agile capital policies in response to changes in the business environment. As of August 31, 2021, the company had 1,459,074 issued shares (excluding treasury stock) and 122,176 treasury shares. Valuation Update With 7 Day Price Move • Sep 14
Investor sentiment improved over the past week After last week's 19% share price gain to JP¥1,818, the stock trades at a trailing P/E ratio of 22.7x. Average trailing P/E is 15x in the Electronic industry in Japan. Negligible returns to shareholders over past three years. Valuation Update With 7 Day Price Move • Aug 30
Investor sentiment improved over the past week After last week's 16% share price gain to JP¥1,413, the stock trades at a trailing P/E ratio of 17.7x. Average trailing P/E is 14x in the Electronic industry in Japan. Total loss to shareholders of 26% over the past three years. Ankündigung • Aug 19
Tokyo Cosmos Electric Co., Ltd. (TSE:6772) announces an Equity Buyback for 105,000 shares, representing 6.93% for ¥146.69 million. Tokyo Cosmos Electric Co., Ltd. (TSE:6772) announces a share repurchase program. Under the program, the company will repurchase 105,000 shares, representing 6.93% of the outstanding shares for ¥146.69 million. The shares will be repurchased at ¥1,397 per share. The purpose of the program is to improve capital efficiency and implement a flexible capital policy in response to changes in the business environment. The program will expire on August 19, 2021. As of July 31, 2021, the company had 1,515,174 shares outstanding and 66,076 shares in treasury. Reported Earnings • Aug 09
First quarter 2022 earnings released: EPS JP¥95.70 (vs JP¥89.74 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥2.30b (up 49% from 1Q 2021). Net income: JP¥145.0m (up JP¥284.0m from 1Q 2021). Profit margin: 6.3% (up from net loss in 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance. Reported Earnings • May 17
Full year 2021 earnings released: JP¥104 loss per share (vs JP¥26.45 profit in FY 2020) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2021 results: Revenue: JP¥7.87b (down 12% from FY 2020). Net loss: JP¥161.0m (down 493% from profit in FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 25 June 2021. Trailing yield: 3.2%. Within top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.1%). Ankündigung • Mar 04
Tokyo Cosmos Electric Co., Ltd. to Report Fiscal Year 2021 Results on May 14, 2021 Tokyo Cosmos Electric Co., Ltd. announced that they will report fiscal year 2021 results on May 14, 2021 Reported Earnings • Feb 12
Third quarter 2021 earnings released: EPS JP¥40.60 (vs JP¥6.45 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥2.18b (up 2.4% from 3Q 2020). Net income: JP¥63.0m (up JP¥73.0m from 3Q 2020). Profit margin: 2.9% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 71% per year but the company’s share price has only fallen by 31% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Dec 01
New 90-day high: JP¥888 The company is up 18% from its price of JP¥754 on 02 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Electronic industry, which is up 20% over the same period. Ankündigung • Sep 03
Tokyo Cosmos Electric Co., Ltd. to Report Q2, 2021 Results on Nov 10, 2020 Tokyo Cosmos Electric Co., Ltd. announced that they will report Q2, 2021 results on Nov 10, 2020 Ankündigung • Jun 29
Tokyo Cosmos Electric Co., Ltd. to Report Q1, 2021 Results on Aug 27, 2020 Tokyo Cosmos Electric Co., Ltd. announced that they will report Q1, 2021 results on Aug 27, 2020