Buy Or Sell Opportunity • Aug 14
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 11% to JP¥1,983. The fair value is estimated to be JP¥1,634, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.0% over the last 3 years. Earnings per share has grown by 16%. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to grow by 16% in the next 2 years. Declared Dividend • Jul 10
First half dividend of JP¥40.00 announced Shareholders will receive a dividend of JP¥40.00. Ex-date: 29th October 2026 Payment date: 1st February 2027 Dividend yield will be 4.0%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is covered by both earnings (52% earnings payout ratio) and cash flows (63% cash payout ratio). The dividend has increased by an average of 18% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 28% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Anuncio • Jul 03
Tomoe Engineering Co., Ltd. to Report Q3, 2026 Results on Sep 14, 2026 Tomoe Engineering Co., Ltd. announced that they will report Q3, 2026 results on Sep 14, 2026 Reported Earnings • Jun 12
Second quarter 2026 earnings released: EPS: JP¥57.26 (vs JP¥44.34 in 2Q 2025) Second quarter 2026 results: EPS: JP¥57.26 (up from JP¥44.34 in 2Q 2025). Revenue: JP¥15.5b (down 4.4% from 2Q 2025). Net income: JP¥1.68b (up 27% from 2Q 2025). Profit margin: 11% (up from 8.2% in 2Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Trade Distributors industry in Japan. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Apr 21
Upcoming dividend of JP¥36.00 per share Eligible shareholders must have bought the stock before 28 April 2026. Payment date: 10 July 2026. Payout ratio is a comfortable 48% but the company is not cash flow positive. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.2%). Reported Earnings • Mar 13
First quarter 2026 earnings released: EPS: JP¥37.61 (vs JP¥41.35 in 1Q 2025) First quarter 2026 results: EPS: JP¥37.61 (down from JP¥41.35 in 1Q 2025). Revenue: JP¥15.3b (up 1.6% from 1Q 2025). Net income: JP¥1.11b (down 10% from 1Q 2025). Profit margin: 7.2% (down from 8.2% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Trade Distributors industry in Japan. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Feb 19
Final dividend of JP¥36.00 announced Shareholders will receive a dividend of JP¥36.00. Ex-date: 28th April 2026 Payment date: 10th July 2026 Dividend yield will be 3.3%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is covered by earnings (37% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 17% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 30% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Dec 13
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: JP¥129 (up from JP¥121 in FY 2024). Revenue: JP¥59.4b (up 14% from FY 2024). Net income: JP¥3.85b (up 6.5% from FY 2024). Profit margin: 6.5% (down from 6.9% in FY 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.4%. Earnings per share (EPS) also missed analyst estimates by 1.3%. Revenue is forecast to grow 4.4% p.a. on average during the next 2 years, compared to a 4.0% growth forecast for the Trade Distributors industry in Japan. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Anuncio • Dec 11
Tomoe Engineering Co., Ltd., Annual General Meeting, Jan 29, 2026 Tomoe Engineering Co., Ltd., Annual General Meeting, Jan 29, 2026. Upcoming Dividend • Oct 23
Upcoming dividend of JP¥26.00 per share Eligible shareholders must have bought the stock before 30 October 2025. Payment date: 02 February 2026. Payout ratio is a comfortable 37% but the company is not cash flow positive. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.8%). Anuncio • Oct 08
Tomoe Engineering Co., Ltd. to Report Fiscal Year 2025 Results on Dec 11, 2025 Tomoe Engineering Co., Ltd. announced that they will report fiscal year 2025 results on Dec 11, 2025 Anuncio • Sep 26
Tomoe Engineering Co., Ltd. (TSE:6309) announces an Equity Buyback for 600,000 shares, representing 2% for ¥900 million. Tomoe Engineering Co., Ltd. (TSE:6309) announces a share repurchase program. Under the program, the company will repurchase up to 600,000 shares, representing 2% of its issued share capital, for ¥900 million. The program is valid till April 30, 2026. As of August 31, 2025, the company 29,934,666 outstanding shares (excluding treasury stock) and 1,664,934 treasury shares. Reported Earnings • Sep 14
Third quarter 2025 earnings released: EPS: JP¥26.49 (vs JP¥22.12 in 3Q 2024) Third quarter 2025 results: EPS: JP¥26.49 (up from JP¥22.12 in 3Q 2024). Revenue: JP¥15.1b (up 14% from 3Q 2024). Net income: JP¥793.0m (up 20% from 3Q 2024). Profit margin: 5.3% (up from 5.0% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Trade Distributors industry in Japan. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Jul 11
First half dividend of JP¥26.00 announced Shareholders will receive a dividend of JP¥26.00. Ex-date: 30th October 2025 Payment date: 2nd February 2026 Dividend yield will be 6.6%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is covered by earnings (13% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 13% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 23% over the next 3 years. However, it would need to fall by 85% to increase the payout ratio to a potentially unsustainable range. Anuncio • Jul 06
Tomoe Engineering Co., Ltd. to Report Q3, 2025 Results on Sep 12, 2025 Tomoe Engineering Co., Ltd. announced that they will report Q3, 2025 results on Sep 12, 2025 Reported Earnings • Jun 14
Second quarter 2025 earnings released: EPS: JP¥44.37 (vs JP¥44.46 in 2Q 2024) Second quarter 2025 results: EPS: JP¥44.37 (down from JP¥44.46 in 2Q 2024). Revenue: JP¥16.2b (up 12% from 2Q 2024). Net income: JP¥1.33b (flat on 2Q 2024). Profit margin: 8.2% (down from 9.2% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Trade Distributors industry in Japan. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 22% per year. New Risk • Apr 27
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 155% Dividend yield: 10% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Upcoming Dividend • Apr 21
Upcoming dividend of JP¥73.00 per share Eligible shareholders must have bought the stock before 28 April 2025. Payment date: 08 July 2025. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of Japanese dividend payers (4.0%). In line with average of industry peers (3.7%). Anuncio • Apr 02
Tomoe Engineering Co., Ltd. to Report Q2, 2025 Results on Jun 12, 2025 Tomoe Engineering Co., Ltd. announced that they will report Q2, 2025 results on Jun 12, 2025 Anuncio • Mar 24
Tomoe Engineering Co., Ltd. Revises Year End Dividend Guidance for the Fiscal Year Ending October 2025 Tomoe Engineering Co., Ltd. revised year end dividend guidance for the fiscal year ending October 2025. for the year end, the company expects to pay dividend of JPY 25.00 per share (JPY 75.00 per share before the stock split) against JPY 73.00 per share expected previously. Reported Earnings • Mar 14
First quarter 2025 earnings released: EPS: JP¥124 (vs JP¥80.88 in 1Q 2024) First quarter 2025 results: EPS: JP¥124 (up from JP¥80.88 in 1Q 2024). Revenue: JP¥15.1b (up 24% from 1Q 2024). Net income: JP¥1.24b (up 53% from 1Q 2024). Profit margin: 8.2% (up from 6.6% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 1.4% growth forecast for the Trade Distributors industry in Japan. Over the last 3 years on average, earnings per share has increased by 20% per year and the company’s share price has also increased by 20% per year. Declared Dividend • Feb 12
Final dividend of JP¥73.00 announced Shareholders will receive a dividend of JP¥73.00. Ex-date: 28th April 2025 Payment date: 8th July 2025 Dividend yield will be 4.2%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is covered by both earnings (40% earnings payout ratio) and cash flows (52% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 25% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Anuncio • Feb 03
Tomoe Engineering Co., Ltd. Announces Board Changes Tomoe Engineering Co., Ltd. announced that the Board of Directors resolved at a meeting held on January 30, 2025 to change the members of the Independent Committee based on the "Countermeasures against Large-Scale Purchases of the Company's Shares, etc. (Takeover Defense Measures)" approved at the 93rd Ordinary General Meeting of Shareholders held on January 27, 2023. The following changes were resolved at the meeting of the Board of Directors held on January 30, 2025. Changes in Independent Committee Members (As of January 30, 2025); New Independent Committee Members: Takako Ochi, Retired Independent Committee Members: Tatsuo Hasunuma. Past experience of New Independent Committee Members [Name] Takako Ochi /Outside Director (Independent Officer) [Past experience] Date of birth: July 13, 1969 October 1992 Joined Eiwa Audit Corporation (currently KPMG AZSA LLC) October 1996 Joined Tohmatsu & Co. (currently Deloitte Touche Tohmatsu LLC) April 1997 Joined Chuo Coopers & Lybrand Advisors K.K. April 2001 Joined MagClick Inc. April 2002 Established Ochi Certified Public Accountant Office (to the present) October 2012 Established Takako Ochi Certified Public Tax Accountant Office (to the present) December 2018 Joined TAIYU AUDIT LLC June 2023 Outside Audit & Supervisory Board Member, J Trust Global Securities Co Ltd. (current position) February 2024 Outside Audit & Supervisory Board Member, K.R.S. Corporation (current position). Anuncio • Jan 17
Tomoe Engineering Co., Ltd. to Report Q1, 2025 Results on Mar 13, 2025 Tomoe Engineering Co., Ltd. announced that they will report Q1, 2025 results on Mar 13, 2025 Anuncio • Dec 18
Tomoe Engineering Co., Ltd. Revises Year-End Dividend Guidance for the Fiscal Year Ending October 31, 2024, Payable on January 31, 2025 Tomoe Engineering Co., Ltd. announced that Board of Directors has resolved at a meeting held on December 11, 2024, to pay dividends of surplus with the record date of October 31, 2024. This matter is to be proposed for approval of the 95th Ordinary General Meeting of Shareholders to be held on January 30, 2025: Dividend per share is JPY 82.00 per share. Record date: December 31, 2024 Total dividend amount: JPY 818 million. Effective date: January 31, 2025. Dividend resource: Retained earnings against JPY 63.00 per share prior forecast. In light of the financial results for the fiscal year ending October 31, 2024 announced, the company decided to increase the year-end dividend per share by JPY 19 per share from the most recent forecast of JPY 63 per share to JPY 82 per share, in order to return profits to our shareholders, and will submit this proposal to the Ordinary General Meeting of Shareholders. Reported Earnings • Dec 13
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: JP¥362 (up from JP¥274 in FY 2023). Revenue: JP¥52.1b (up 5.0% from FY 2023). Net income: JP¥3.62b (up 32% from FY 2023). Profit margin: 6.9% (up from 5.5% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) exceeded analyst estimates by 3.3%. Revenue is forecast to grow 6.3% p.a. on average during the next 2 years, while revenues in the Trade Distributors industry in Japan are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 21% per year. Anuncio • Dec 11
Tomoe Engineering Co., Ltd., Annual General Meeting, Jan 30, 2025 Tomoe Engineering Co., Ltd., Annual General Meeting, Jan 30, 2025. Upcoming Dividend • Oct 23
Upcoming dividend of JP¥63.00 per share Eligible shareholders must have bought the stock before 30 October 2024. Payment date: 31 January 2025. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.8%). In line with average of industry peers (3.3%). Anuncio • Oct 06
Tomoe Engineering Co., Ltd. to Report Fiscal Year 2024 Results on Dec 11, 2024 Tomoe Engineering Co., Ltd. announced that they will report fiscal year 2024 results on Dec 11, 2024 Reported Earnings • Sep 17
Third quarter 2024 earnings released: EPS: JP¥66.34 (vs JP¥57.12 in 3Q 2023) Third quarter 2024 results: EPS: JP¥66.34 (up from JP¥57.12 in 3Q 2023). Revenue: JP¥13.2b (up 13% from 3Q 2023). Net income: JP¥662.0m (up 16% from 3Q 2023). Profit margin: 5.0% (up from 4.9% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, while revenues in the Trade Distributors industry in Japan are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 17% per year and the company’s share price has also increased by 17% per year. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to JP¥3,500, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 10x in the Trade Distributors industry in Japan. Total returns to shareholders of 67% over the past three years. Anuncio • Jul 04
Tomoe Engineering Co., Ltd. to Report Q3, 2024 Results on Sep 12, 2024 Tomoe Engineering Co., Ltd. announced that they will report Q3, 2024 results on Sep 12, 2024 Reported Earnings • Jun 15
Second quarter 2024 earnings released: EPS: JP¥133 (vs JP¥103 in 2Q 2023) Second quarter 2024 results: EPS: JP¥133 (up from JP¥103 in 2Q 2023). Revenue: JP¥14.4b (up 11% from 2Q 2023). Net income: JP¥1.33b (up 30% from 2Q 2023). Profit margin: 9.2% (up from 7.9% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, while revenues in the Trade Distributors industry in Japan are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Jun 10
Dividend of JP¥63.00 announced Shareholders will receive a dividend of JP¥63.00. Ex-date: 30th October 2024 Payment date: 31st January 2025 Dividend yield will be 2.9%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (35% earnings payout ratio) and cash flows (36% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 37% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Upcoming Dividend • Apr 19
Upcoming dividend of JP¥60.00 per share Eligible shareholders must have bought the stock before 26 April 2024. Payment date: 10 July 2024. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (2.3%). Anuncio • Apr 05
Tomoe Engineering Co., Ltd. to Report Q2, 2024 Results on Jun 12, 2024 Tomoe Engineering Co., Ltd. announced that they will report Q2, 2024 results on Jun 12, 2024 Reported Earnings • Mar 17
First quarter 2024 earnings released: EPS: JP¥80.88 (vs JP¥39.09 in 1Q 2023) First quarter 2024 results: EPS: JP¥80.88 (up from JP¥39.09 in 1Q 2023). Revenue: JP¥12.1b (up 9.1% from 1Q 2023). Net income: JP¥807.0m (up 107% from 1Q 2023). Profit margin: 6.6% (up from 3.5% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, while revenues in the Trade Distributors industry in Japan are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥4,540, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 10x in the Trade Distributors industry in Japan. Total returns to shareholders of 128% over the past three years. Declared Dividend • Feb 16
Final dividend of JP¥60.00 announced Shareholders will receive a dividend of JP¥60.00. Ex-date: 26th April 2024 Payment date: 10th July 2024 Dividend yield will be 3.5%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (40% earnings payout ratio) and cash flows (36% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 31% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 03
Full year 2023 earnings released: EPS: JP¥274 (vs JP¥266 in FY 2022) Full year 2023 results: EPS: JP¥274 (up from JP¥266 in FY 2022). Revenue: JP¥49.6b (up 8.9% from FY 2022). Net income: JP¥2.73b (up 2.8% from FY 2022). Profit margin: 5.5% (down from 5.8% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, while revenues in the Trade Distributors industry in Japan are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 21% per year. Anuncio • Jan 14
Tomoe Engineering Co., Ltd. to Report Q1, 2024 Results on Mar 14, 2024 Tomoe Engineering Co., Ltd. announced that they will report Q1, 2024 results on Mar 14, 2024 Valuation Update With 7 Day Price Move • Dec 21
Investor sentiment improves as stock rises 45% After last week's 45% share price gain to JP¥4,050, the stock trades at a trailing P/E ratio of 14.8x. Average trailing P/E is 10x in the Trade Distributors industry in Japan. Total returns to shareholders of 125% over the past three years. Anuncio • Dec 16
Tomoe Engineering Co., Ltd., Annual General Meeting, Jan 30, 2024 Tomoe Engineering Co., Ltd., Annual General Meeting, Jan 30, 2024. Reported Earnings • Dec 15
Full year 2023 earnings released: EPS: JP¥274 (vs JP¥266 in FY 2022) Full year 2023 results: EPS: JP¥274 (up from JP¥266 in FY 2022). Revenue: JP¥49.6b (up 8.9% from FY 2022). Net income: JP¥2.73b (up 2.8% from FY 2022). Profit margin: 5.5% (down from 5.8% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 19% per year. Upcoming Dividend • Oct 23
Upcoming dividend of JP¥40.00 per share at 2.8% yield Eligible shareholders must have bought the stock before 30 October 2023. Payment date: 30 January 2024. Payout ratio is a comfortable 25% but the company is not cash flow positive. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.4%). In line with average of industry peers (3.1%). Reported Earnings • Sep 16
Third quarter 2023 earnings released: EPS: JP¥57.12 (vs JP¥31.87 in 3Q 2022) Third quarter 2023 results: EPS: JP¥57.12 (up from JP¥31.87 in 3Q 2022). Revenue: JP¥11.7b (up 8.3% from 3Q 2022). Net income: JP¥570.0m (up 79% from 3Q 2022). Profit margin: 4.9% (up from 3.0% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 16% per year. Anuncio • Jul 06
Tomoe Engineering Co., Ltd. to Report Q3, 2023 Results on Sep 12, 2023 Tomoe Engineering Co., Ltd. announced that they will report Q3, 2023 results on Sep 12, 2023 Reported Earnings • Jun 13
Second quarter 2023 earnings released: EPS: JP¥103 (vs JP¥90.80 in 2Q 2022) Second quarter 2023 results: EPS: JP¥103 (up from JP¥90.80 in 2Q 2022). Revenue: JP¥13.0b (up 8.4% from 2Q 2022). Net income: JP¥1.03b (up 13% from 2Q 2022). Profit margin: 7.9% (up from 7.5% 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 20% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. New Risk • Jun 09
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 6.4% 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 Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.4% average weekly change). Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to JP¥2,967, the stock trades at a trailing P/E ratio of 12.5x. Average trailing P/E is 9x in the Trade Distributors industry in Japan. Total returns to shareholders of 72% over the past three years. Upcoming Dividend • Apr 20
Upcoming dividend of JP¥28.00 per share at 2.3% yield Eligible shareholders must have bought the stock before 27 April 2023. Payment date: 11 July 2023. Payout ratio is a comfortable 22% but the company is not cash flow positive. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.5%). Lower than average of industry peers (3.5%). Reported Earnings • Mar 15
First quarter 2023 earnings released: EPS: JP¥39.09 (vs JP¥69.05 in 1Q 2022) First quarter 2023 results: EPS: JP¥39.09 (down from JP¥69.05 in 1Q 2022). Revenue: JP¥11.1b (up 12% from 1Q 2022). Net income: JP¥390.0m (down 43% from 1Q 2022). Profit margin: 3.5% (down from 6.9% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 02
Full year 2022 earnings released: EPS: JP¥266 (vs JP¥211 in FY 2021) Full year 2022 results: EPS: JP¥266 (up from JP¥211 in FY 2021). Revenue: JP¥45.6b (up 1.0% from FY 2021). Net income: JP¥2.66b (up 26% from FY 2021). Profit margin: 5.8% (up from 4.7% in FY 2021). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Anuncio • Jan 09
Tomoe Engineering Co., Ltd. to Report Q1, 2023 Results on Mar 14, 2023 Tomoe Engineering Co., Ltd. announced that they will report Q1, 2023 results on Mar 14, 2023 Reported Earnings • Dec 16
Full year 2022 earnings released: EPS: JP¥266 (vs JP¥211 in FY 2021) Full year 2022 results: EPS: JP¥266 (up from JP¥211 in FY 2021). Revenue: JP¥45.6b (up 1.0% from FY 2021). Net income: JP¥2.66b (up 26% from FY 2021). Profit margin: 5.8% (up from 4.7% in FY 2021). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Anuncio • Dec 16
Tomoe Engineering Co., Ltd., Annual General Meeting, Jan 27, 2023 Tomoe Engineering Co., Ltd., Annual General Meeting, Jan 27, 2023. Upcoming Dividend • Oct 21
Upcoming dividend of JP¥28.00 per share Eligible shareholders must have bought the stock before 28 October 2022. Payment date: 31 January 2023. Payout ratio is a comfortable 21% but the company is not cash flow positive. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (3.7%). Anuncio • Oct 06
Tomoe Engineering Co., Ltd. to Report Fiscal Year 2022 Results on Dec 14, 2022 Tomoe Engineering Co., Ltd. announced that they will report fiscal year 2022 results on Dec 14, 2022 Reported Earnings • Sep 14
Third quarter 2022 earnings released: EPS: JP¥31.87 (vs JP¥21.25 in 3Q 2021) Third quarter 2022 results: EPS: JP¥31.87 (up from JP¥21.25 in 3Q 2021). Revenue: JP¥10.8b (up 3.9% from 3Q 2021). Net income: JP¥318.0m (up 50% from 3Q 2021). Profit margin: 3.0% (up from 2.0% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Anuncio • Jul 02
Tomoe Engineering Co., Ltd. to Report Q3, 2022 Results on Sep 12, 2022 Tomoe Engineering Co., Ltd. announced that they will report Q3, 2022 results on Sep 12, 2022 Reported Earnings • Jun 13
Second quarter 2022 earnings released: EPS: JP¥90.80 (vs JP¥96.31 in 2Q 2021) Second quarter 2022 results: EPS: JP¥90.80 (down from JP¥96.31 in 2Q 2021). Revenue: JP¥12.0b (down 3.5% from 2Q 2021). Net income: JP¥906.0m (down 5.7% from 2Q 2021). Profit margin: 7.5% (down from 7.7% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Upcoming Dividend • Apr 20
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 27 April 2022. Payment date: 12 July 2022. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.5%). Lower than average of industry peers (3.5%). Anuncio • Apr 08
Tomoe Engineering Co., Ltd. to Report Q2, 2022 Results on Jun 10, 2022 Tomoe Engineering Co., Ltd. announced that they will report Q2, 2022 results on Jun 10, 2022 Reported Earnings • Mar 15
First quarter 2022 earnings: Revenues and EPS in line with analyst expectations First quarter 2022 results: EPS: JP¥69.05 (up from JP¥49.81 in 1Q 2021). Revenue: JP¥9.96b (down 6.1% from 1Q 2021). Net income: JP¥689.0m (up 39% from 1Q 2021). Profit margin: 6.9% (up from 4.7% in 1Q 2021). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 03
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: JP¥211 (up from JP¥154 in FY 2020). Revenue: JP¥45.1b (up 15% from FY 2020). Net income: JP¥2.11b (up 38% from FY 2020). Profit margin: 4.7% (up from 3.9% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Dec 17
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: JP¥211 (up from JP¥154 in FY 2020). Revenue: JP¥45.1b (up 15% from FY 2020). Net income: JP¥2.11b (up 38% from FY 2020). Profit margin: 4.7% (up from 3.9% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Oct 21
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 28 October 2021. Payment date: 29 January 2022. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.0%). Lower than average of industry peers (3.1%). Reported Earnings • Sep 15
Third quarter 2021 earnings released: EPS JP¥21.25 (vs JP¥16.64 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: JP¥10.4b (up 22% from 3Q 2020). Net income: JP¥212.0m (up 28% from 3Q 2020). Profit margin: 2.0% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 4% per year. Reported Earnings • Jun 11
Second quarter 2021 earnings released: EPS JP¥96.31 (vs JP¥55.52 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥12.4b (up 20% from 2Q 2020). Net income: JP¥961.0m (up 74% from 2Q 2020). Profit margin: 7.7% (up from 5.3% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 1% per year. Upcoming Dividend • Apr 21
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 28 April 2021. Payment date: 13 July 2021. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (2.8%). Lower than average of industry peers (3.1%). Reported Earnings • Mar 12
First quarter 2021 earnings released: EPS JP¥49.81 (vs JP¥35.58 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: JP¥10.6b (up 11% from 1Q 2020). Net income: JP¥497.0m (up 40% from 1Q 2020). Profit margin: 4.7% (up from 3.7% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Feb 15
New 90-day high: JP¥2,095 The company is up 6.0% from its price of JP¥1,974 on 17 November 2020. The Japanese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Trade Distributors industry, which is up 14% over the same period. Reported Earnings • Feb 02
Full year 2020 earnings released: EPS JP¥154 (vs JP¥157 in FY 2019) The company reported a soft full year result with weaker earnings and revenues, although profit margins were improved. Full year 2020 results: Revenue: JP¥39.2b (down 5.2% from FY 2019). Net income: JP¥1.53b (down 2.4% from FY 2019). Profit margin: 3.9% (up from 3.8% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Jan 28
New 90-day high: JP¥2,068 The company is up 7.0% from its price of JP¥1,941 on 30 October 2020. The Japanese market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Trade Distributors industry, which is up 17% over the same period. Anuncio • Jan 09
Tomoe Engineering Co., Ltd. to Report Q1, 2021 Results on Mar 11, 2021 Tomoe Engineering Co., Ltd. announced that they will report Q1, 2021 results on Mar 11, 2021 Anuncio • Dec 19
Tomoe Engineering Co., Ltd., Annual General Meeting, Jan 28, 2021 Tomoe Engineering Co., Ltd., Annual General Meeting, Jan 28, 2021. Reported Earnings • Dec 16
Full year 2020 earnings released: EPS JP¥154 The company reported a soft full year result with weaker earnings and revenues, although profit margins were improved. Full year 2020 results: Revenue: JP¥39.2b (down 5.2% from FY 2019). Net income: JP¥1.53b (down 2.4% from FY 2019). Profit margin: 3.9% (up from 3.8% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 2% per year. Anuncio • Oct 17
Tomoe Engineering Co., Ltd. to Report Fiscal Year 2020 Results on Dec 14, 2020 Tomoe Engineering Co., Ltd. announced that they will report fiscal year 2020 results on Dec 14, 2020 Anuncio • Jul 19
Tomoe Engineering Co., Ltd. to Report Q3, 2020 Results on Sep 11, 2020 Tomoe Engineering Co., Ltd. announced that they will report Q3, 2020 results on Sep 11, 2020