Valuation Update With 7 Day Price Move • Jul 03
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥4,965, the stock trades at a trailing P/E ratio of 11.4x. Average trailing P/E is 15x in the Machinery industry in Japan. Total returns to shareholders of 192% over the past three years. Annuncio • Jun 28
TVE Co., Ltd. to Report Q3, 2026 Results on Aug 07, 2026 TVE Co., Ltd. announced that they will report Q3, 2026 results on Aug 07, 2026 Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to JP¥4,370, the stock trades at a trailing P/E ratio of 10x. Average trailing P/E is 14x in the Machinery industry in Japan. Total returns to shareholders of 146% over the past three years. Reported Earnings • May 13
Second quarter 2026 earnings released: EPS: JP¥136 (vs JP¥116 in 2Q 2025) Second quarter 2026 results: EPS: JP¥136 (up from JP¥116 in 2Q 2025). Revenue: JP¥3.29b (up 26% from 2Q 2025). Net income: JP¥318.0m (up 17% from 2Q 2025). Profit margin: 9.7% (in line with 2Q 2025). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Apr 23
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥4,915, the stock trades at a trailing P/E ratio of 11.8x. Average trailing P/E is 15x in the Machinery industry in Japan. Total returns to shareholders of 171% over the past three years. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 09 June 2026. Payout ratio is a comfortable 9.6% but the company is not cash flow positive. Trailing yield: 0.9%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (1.6%). Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to JP¥5,600, the stock trades at a trailing P/E ratio of 13.4x. Average trailing P/E is 15x in the Machinery industry in Japan. Total returns to shareholders of 216% over the past three years. Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to JP¥4,805, the stock trades at a trailing P/E ratio of 11.5x. Average trailing P/E is 15x in the Machinery industry in Japan. Total returns to shareholders of 170% over the past three years. New Risk • Feb 19
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 7.0% 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 (7.0% average weekly change). Market cap is less than US$100m (JP¥11.0b market cap, or US$71.3m). Reported Earnings • Feb 11
First quarter 2026 earnings released: EPS: JP¥124 (vs JP¥38.86 loss in 1Q 2025) First quarter 2026 results: EPS: JP¥124 (up from JP¥38.86 loss in 1Q 2025). Revenue: JP¥2.72b (up 28% from 1Q 2025). Net income: JP¥290.0m (up JP¥381.0m from 1Q 2025). Profit margin: 11% (up from net loss in 1Q 2025). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to JP¥3,350, the stock trades at a trailing P/E ratio of 13.2x. Average trailing P/E is 14x in the Machinery industry in Japan. Total returns to shareholders of 88% over the past three years. Annuncio • Dec 27
TVE Co., Ltd. to Report Q1, 2026 Results on Feb 10, 2026 TVE Co., Ltd. announced that they will report Q1, 2026 results on Feb 10, 2026 Reported Earnings • Nov 15
Full year 2025 earnings released: EPS: JP¥255 (vs JP¥308 in FY 2024) Full year 2025 results: EPS: JP¥255 (down from JP¥308 in FY 2024). Revenue: JP¥10.2b (down 9.2% from FY 2024). Net income: JP¥597.0m (down 17% from FY 2024). Profit margin: 5.9% (down from 6.4% in FY 2024). Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Annuncio • Nov 12
TVE Co., Ltd., Annual General Meeting, Dec 23, 2025 TVE Co., Ltd., Annual General Meeting, Dec 23, 2025. Annuncio • Sep 27
TVE Co., Ltd. to Report Fiscal Year 2025 Results on Nov 21, 2025 TVE Co., Ltd. announced that they will report fiscal year 2025 results on Nov 21, 2025 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 25 December 2025. Payout ratio is a comfortable 29% but the company is not cash flow positive. Trailing yield: 1.6%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (2.0%). New Risk • Aug 18
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 5.0% 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: Major Risk Earnings have declined by 4.4% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (5.0% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.7% net profit margin). Market cap is less than US$100m (JP¥5.99b market cap, or US$40.7m). Reported Earnings • Aug 11
Third quarter 2025 earnings released: EPS: JP¥163 (vs JP¥112 in 3Q 2024) Third quarter 2025 results: EPS: JP¥163 (up from JP¥112 in 3Q 2024). Revenue: JP¥2.68b (down 11% from 3Q 2024). Net income: JP¥382.0m (up 45% from 3Q 2024). Profit margin: 14% (up from 8.7% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 59% 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 • May 14
Second quarter 2025 earnings released: EPS: JP¥116 (vs JP¥103 in 2Q 2024) Second quarter 2025 results: EPS: JP¥116 (up from JP¥103 in 2Q 2024). Revenue: JP¥2.61b (down 2.7% from 2Q 2024). Net income: JP¥271.0m (up 12% from 2Q 2024). Profit margin: 10% (up from 9.0% in 2Q 2024). The increase in margin was driven by lower expenses. 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 7% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 10 June 2025. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (2.1%). Reported Earnings • Feb 14
First quarter 2025 earnings released: JP¥38.86 loss per share (vs JP¥127 profit in 1Q 2024) First quarter 2025 results: JP¥38.86 loss per share (down from JP¥127 profit in 1Q 2024). Revenue: JP¥2.12b (down 23% from 1Q 2024). Net loss: JP¥91.0m (down 131% from profit in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Reported Earnings • Dec 28
Full year 2024 earnings released: EPS: JP¥308 (vs JP¥186 in FY 2023) Full year 2024 results: EPS: JP¥308 (up from JP¥186 in FY 2023). Revenue: JP¥11.2b (up 19% from FY 2023). Net income: JP¥721.0m (up 66% from FY 2023). Profit margin: 6.4% (up from 4.6% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. New Risk • Nov 29
New major risk - Revenue and earnings growth Earnings have declined by 13% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 13% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (JP¥5.10b market cap, or US$34.0m). Annuncio • Nov 13
TVE Co., Ltd., Annual General Meeting, Dec 24, 2024 TVE Co., Ltd., Annual General Meeting, Dec 24, 2024. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 25 December 2024. Payout ratio is a comfortable 10% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (2.9%). Reported Earnings • Aug 14
Third quarter 2024 earnings released: EPS: JP¥112 (vs JP¥92.83 in 3Q 2023) Third quarter 2024 results: EPS: JP¥112 (up from JP¥92.83 in 3Q 2023). Revenue: JP¥3.02b (up 25% from 3Q 2023). Net income: JP¥263.0m (up 21% from 3Q 2023). Profit margin: 8.7% (down from 9.0% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 17
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥2,348, the stock trades at a trailing P/E ratio of 5.6x. Average trailing P/E is 13x in the Machinery industry in Japan. Total returns to shareholders of 17% over the past three years. Reported Earnings • May 13
Second quarter 2024 earnings released: EPS: JP¥103 (vs JP¥91.12 in 2Q 2023) Second quarter 2024 results: EPS: JP¥103 (up from JP¥91.12 in 2Q 2023). Revenue: JP¥2.68b (up 2.6% from 2Q 2023). Net income: JP¥242.0m (up 14% from 2Q 2023). Profit margin: 9.0% (up from 8.2% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 7% per year. New Risk • Apr 15
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 6.0% 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: Major Risk Earnings have declined by 19% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.0% average weekly change). Market cap is less than US$100m (JP¥6.46b market cap, or US$42.0m). Upcoming Dividend • Mar 21
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 12 June 2024. Payout ratio is a comfortable 9.9% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.2%). In line with average of industry peers (1.9%). Reported Earnings • Feb 15
First quarter 2024 earnings released: EPS: JP¥127 (vs JP¥92.12 loss in 1Q 2023) First quarter 2024 results: EPS: JP¥127 (up from JP¥92.12 loss in 1Q 2023). Revenue: JP¥2.76b (up 68% from 1Q 2023). Net income: JP¥296.0m (up JP¥511.0m from 1Q 2023). Profit margin: 11% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Board Change • Feb 04
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 7 experienced directors. 4 highly experienced directors. 2 independent directors (8 non-independent directors). Independent External Director Hiroyuki Tanaka was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Annuncio • Dec 30
TVE Co., Ltd. to Report Q1, 2024 Results on Feb 13, 2024 TVE Co., Ltd. announced that they will report Q1, 2024 results on Feb 13, 2024 Annuncio • Nov 13
TVE Co., Ltd., Annual General Meeting, Dec 22, 2023 TVE Co., Ltd., Annual General Meeting, Dec 22, 2023. Annuncio • Sep 02
TVE Co., Ltd. to Report Fiscal Year 2023 Results on Nov 10, 2023 TVE Co., Ltd. announced that they will report fiscal year 2023 results on Nov 10, 2023 Annuncio • Nov 13
TVE Co., Ltd., Annual General Meeting, Dec 23, 2022 TVE Co., Ltd., Annual General Meeting, Dec 23, 2022. Annuncio • Sep 01
TVE Co., Ltd. to Report Fiscal Year 2022 Results on Nov 11, 2022 TVE Co., Ltd. announced that they will report fiscal year 2022 results on Nov 11, 2022 Annuncio • Nov 30
TVE Co., Ltd. (TSE:6466) agreed to acquire Taiyo Dengyo K.K. from Takeshi Harada and eight others. TVE Co., Ltd. (TSE:6466) agreed to acquire Taiyo Dengyo K.K. from Takeshi Harada and eight others on November 29, 2021. For the year ended December 31, 2020 Net assets ¥2.1 billion, Total Assets ¥2.58 billion, revenue ¥1.2 billion and net income of ¥162 million. The deal is subject to approval from TVE Co., Ltd. board. As of November 29, 2021 TVE Co., Ltd. approved the deal. Reported Earnings • Nov 15
Full year 2021 earnings released: EPS JP¥198 (vs JP¥296 in FY 2020) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2021 results: Revenue: JP¥10.5b (up 18% from FY 2020). Net income: JP¥455.0m (down 33% from FY 2020). Profit margin: 4.4% (down from 7.7% in FY 2020). The decrease in margin was driven by higher expenses. 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 15% per year. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 25 December 2021. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (1.4%). Reported Earnings • Aug 09
Third quarter 2021 earnings released: JP¥37.06 loss per share (vs JP¥2.62 profit in 3Q 2020) The company reported a soft third quarter result with weaker earnings and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: JP¥1.85b (up 24% from 3Q 2020). Net loss: JP¥85.0m (down JP¥91.0m from profit in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 16
Second quarter 2021 earnings released: EPS JP¥268 (vs JP¥114 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥4.42b (up 59% from 2Q 2020). Net income: JP¥614.0m (up 136% from 2Q 2020). Profit margin: 14% (up from 9.3% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. 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: 15 June 2021. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.1%). Reported Earnings • Feb 13
First quarter 2021 earnings released: EPS JP¥18.35 (vs JP¥87.57 in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: JP¥1.86b (down 18% from 1Q 2020). Net income: JP¥42.0m (down 79% from 1Q 2020). Profit margin: 2.3% (down from 8.8% in 1Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Dec 28
New 90-day high: JP¥2,250 The company is up 25% from its price of JP¥1,800 on 29 September 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 13% over the same period. Annuncio • Dec 27
TVE Co., Ltd. to Report Q1, 2021 Results on Feb 10, 2021 TVE Co., Ltd. announced that they will report Q1, 2021 results on Feb 10, 2021 Reported Earnings • Dec 27
Full year 2020 earnings released: EPS JP¥296 The company reported a soft full year result with weaker earnings and profit margins, although revenues were improved. Full year 2020 results: Revenue: JP¥8.82b (up 7.1% from FY 2019). Net income: JP¥678.0m (down 5.0% from FY 2019). Profit margin: 7.7% (down from 8.7% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Dec 08
New 90-day high: JP¥1,935 The company is up 12% from its price of JP¥1,734 on 09 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 Machinery industry, which is up 15% over the same period. Annuncio • Nov 15
TVE Co., Ltd., Annual General Meeting, Dec 24, 2020 TVE Co., Ltd., Annual General Meeting, Dec 24, 2020. Annuncio • Sep 12
Toa Valve Engineering Inc. to Report Fiscal Year 2020 Results on Nov 13, 2020 Toa Valve Engineering Inc. announced that they will report fiscal year 2020 results on Nov 13, 2020 Annuncio • Jun 28
Toa Valve Engineering Inc. to Report Q3, 2020 Results on Aug 07, 2020 Toa Valve Engineering Inc. announced that they will report Q3, 2020 results on Aug 07, 2020 
