Tsubakimoto Chain（TSB）株式概要椿本チエイン株式会社は日本でチェーン、モーションコントロール、モビリティ、マテリアルハンドリングシステム部品を製造・販売しています。 詳細TSB ファンダメンタル分析スノーフレーク・スコア評価3/6将来の成長0/6過去の実績4/6財務の健全性6/6配当金5/6報酬株価収益率（ 9 x） German市場（ 17.1 x）を下回っています。過去1年間で収益は34.3%増加しました 3.1%の安定した配当金を支払う 同業他社や業界と比較して、良好な取引価格 リスク分析今後3年間の収益は年平均13.6%減少すると予測されている。 財務結果に影響を与える大きな一時的項目 すべてのリスクチェックを見るTSB Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.NEW493,723 membersJoin community and earn perksGain real feedbackFrom our editorial team, personally. Not silence.Grow your followingReal investors. The kind who actually invest, not scroll past.Unlock free accessFree premium subscription for consistent and quality authors.Learn moreCreate NarrativeBLINROAG493,723 investors already sharing narrativesYour Fair Value€Current Price€13.8062.2% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture0317b2016201920222025202620282031Revenue JP¥316.8bEarnings JP¥31.8bAdvancedSet Fair ValueView all narrativesTsubakimoto Chain Co. 競合他社KSB SE KGaASymbol: XTRA:KSBMarket cap: €1.5bPfeiffer Vacuum TechnologySymbol: XTRA:PFVMarket cap: €1.6bMaschinenfabrik Berthold HermleSymbol: DB:MBH3Market cap: €862.5mKronesSymbol: XTRA:KRNMarket cap: €3.5b価格と性能株価の高値、安値、推移の概要Tsubakimoto Chain過去の株価現在の株価JP¥13.8052週高値JP¥14.6052週安値JP¥10.60ベータ0.461ヶ月の変化-1.43%3ヶ月変化11.29%1年変化24.32%3年間の変化76.92%5年間の変化60.47%IPOからの変化103.44%最新ニュースお知らせ • Jul 10Tsubakimoto Chain Co. to Report Q2, 2027 Results on Nov 20, 2026Tsubakimoto Chain Co. announced that they will report Q2, 2027 results on Nov 20, 2026お知らせ • May 14Tsubakimoto Chain Co. (TSE:6371) announces an Equity Buyback for 5,000,000 shares, representing 4.81% for ¥10,000 million.Tsubakimoto Chain Co. (TSE:6371) announces a share repurchase program. Under the program, the company will repurchase 5,000,000 shares, representing 4.81% of its share capital, for ¥10,000 million. The purpose of the program is to flexibly implement capital policies in response to changes in the business environment, while enhancing shareholder returns and improving capital efficiency. The program will run until March 13, 2027. As of March 31, 2026, the company had 104,031,492 shares outstanding (excluding treasury shares) and 181,787 shares in treasury.お知らせ • May 13Tsubakimoto Chain Co., Annual General Meeting, Jun 26, 2026Tsubakimoto Chain Co., Annual General Meeting, Jun 26, 2026.お知らせ • Feb 07+ 3 more updatesTsubakimoto Chain Co. to Report Fiscal Year 2026 Results on May 13, 2026Tsubakimoto Chain Co. announced that they will report fiscal year 2026 results on May 13, 2026お知らせ • May 16Tsubakimoto Chain Co. (TSE:6371) announces an Equity Buyback for 6,500,000 shares, representing 6.12% for ¥10,000 million.Tsubakimoto Chain Co. (TSE:6371) announces a share repurchase program. Under the program, the company will repurchase 6,500,000 shares, representing 6.12% of its share capital, for ¥10,000 million. The company will repurchase its shares to carry out a flexible capital policy that can respond to future changes in the business environment. The program will run until December 30, 2025. As of March 31, 2025, the company had 106,213,279 shares outstanding (excluding treasury shares) and 3,648,863 shares in treasury.お知らせ • May 15Tsubakimoto Chain Co., Annual General Meeting, Jun 27, 2025Tsubakimoto Chain Co., Annual General Meeting, Jun 27, 2025.最新情報をもっと見るRecent updatesお知らせ • Jul 10Tsubakimoto Chain Co. to Report Q2, 2027 Results on Nov 20, 2026Tsubakimoto Chain Co. announced that they will report Q2, 2027 results on Nov 20, 2026お知らせ • May 14Tsubakimoto Chain Co. (TSE:6371) announces an Equity Buyback for 5,000,000 shares, representing 4.81% for ¥10,000 million.Tsubakimoto Chain Co. (TSE:6371) announces a share repurchase program. Under the program, the company will repurchase 5,000,000 shares, representing 4.81% of its share capital, for ¥10,000 million. The purpose of the program is to flexibly implement capital policies in response to changes in the business environment, while enhancing shareholder returns and improving capital efficiency. The program will run until March 13, 2027. As of March 31, 2026, the company had 104,031,492 shares outstanding (excluding treasury shares) and 181,787 shares in treasury.お知らせ • May 13Tsubakimoto Chain Co., Annual General Meeting, Jun 26, 2026Tsubakimoto Chain Co., Annual General Meeting, Jun 26, 2026.お知らせ • Feb 07+ 3 more updatesTsubakimoto Chain Co. to Report Fiscal Year 2026 Results on May 13, 2026Tsubakimoto Chain Co. announced that they will report fiscal year 2026 results on May 13, 2026お知らせ • May 16Tsubakimoto Chain Co. (TSE:6371) announces an Equity Buyback for 6,500,000 shares, representing 6.12% for ¥10,000 million.Tsubakimoto Chain Co. (TSE:6371) announces a share repurchase program. Under the program, the company will repurchase 6,500,000 shares, representing 6.12% of its share capital, for ¥10,000 million. The company will repurchase its shares to carry out a flexible capital policy that can respond to future changes in the business environment. The program will run until December 30, 2025. As of March 31, 2025, the company had 106,213,279 shares outstanding (excluding treasury shares) and 3,648,863 shares in treasury.お知らせ • May 15Tsubakimoto Chain Co., Annual General Meeting, Jun 27, 2025Tsubakimoto Chain Co., Annual General Meeting, Jun 27, 2025.お知らせ • May 14Tsubakimoto Chain Co. (TSE:6371) agreed to acquire remaining 99.45% stake in Daido Kogyo Co., Ltd. (TSE:6373) from a group of shareholders for ¥12.2 billion.Tsubakimoto Chain Co. (TSE:6371) agreed to acquire remaining 99.45% stake in Daido Kogyo Co., Ltd. (TSE:6373) from a group of shareholders for ¥12.2 billion on May 14, 2025. Upon completion, Tsubakimoto Chain Co. will own 100% stake in Daido Kogyo Co., Ltd. The transaction is subject to approval of merger agreement by target board, approval of offer by target shareholders, consummation of due diligence investigation and subject to antitrust regulations. The Board of Directors of The Board of Directors of Daido Kogyo Co., Ltd. unanimously resolved to implement the share exchange. Daido Kogyo Co., Ltd. formed a special committee for the transaction. The expected completion of the transaction is January 1, 2026. Nomura Securities Co., Ltd. acted as financial advisor for Tsubakimoto Chain Co. Nomura Securities Co., Ltd. acted as fairness opinion provider for Tsubakimoto Chain Co. Nishimura & Asahi acted as legal advisor for Tsubakimoto Chain Co. SMBC Nikko Securities Inc. acted as financial advisor for Daido Kogyo Co., Ltd. SMBC Nikko Securities Inc. acted as fairness opinion provider for Daido Kogyo Co., Ltd. Anderson Mori & Tomotsune acted as legal advisor for Daido Kogyo Co., Ltd.お知らせ • Feb 12+ 3 more updatesTsubakimoto Chain Co. to Report Q1, 2026 Results on Jul 30, 2025Tsubakimoto Chain Co. announced that they will report Q1, 2026 results on Jul 30, 2025Reported Earnings • Nov 01Second quarter 2025 earnings releasedSecond quarter 2025 results: Revenue: JP¥69.9b (up 4.6% from 2Q 2024). Net income: JP¥3.63b (down 11% from 2Q 2024). Profit margin: 5.2% (down from 6.1% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.New Risk • Sep 26New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. Cash payout ratio: 90% Dividend yield: 12% 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. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 2.3% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (90% cash payout ratio). Large one-off items impacting financial results.Upcoming Dividend • Sep 20Upcoming dividend of JP¥99.00 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 04 December 2024. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 4.2%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (3.5%).お知らせ • Aug 16Tsubakimoto Chain Co. (TSE:6371) acquired Agricultural Business of Kidaya Shoten, K.K.Tsubakimoto Chain Co. (TSE:6371) acquired Agricultural Business of Kidaya Shoten, K.K. on August 15, 2024. Tsubakimoto Chain Co. (TSE:6371) Completed the acquisition of Agricultural Business of Kidaya Shoten, K.K. on August 15, 2024.Reported Earnings • Jul 29First quarter 2025 earnings released: EPS: JP¥179 (vs JP¥87.23 in 1Q 2024)First quarter 2025 results: EPS: JP¥179 (up from JP¥87.23 in 1Q 2024). Revenue: JP¥66.5b (up 7.3% from 1Q 2024). Net income: JP¥6.38b (up 98% from 1Q 2024). Profit margin: 9.6% (up from 5.2% in 1Q 2024). Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 14% per year.Declared Dividend • Jul 11Final dividend of JP¥99.00 announcedShareholders will receive a dividend of JP¥99.00. Ex-date: 27th September 2024 Payment date: 4th December 2024 Dividend yield will be 278%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (47% earnings payout ratio) and cash flows (31% cash payout ratio). The dividend has increased by an average of 20% 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 14% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • May 17Full year 2024 earnings released: EPS: JP¥512 (vs JP¥371 in FY 2023)Full year 2024 results: EPS: JP¥512 (up from JP¥371 in FY 2023). Revenue: JP¥266.8b (up 6.1% from FY 2023). Net income: JP¥18.6b (up 35% from FY 2023). Profit margin: 7.0% (up from 5.5% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 14% per year and the company’s share price has also increased by 14% per year.お知らせ • May 16Tsubakimoto Chain Co., Annual General Meeting, Jun 27, 2024Tsubakimoto Chain Co., Annual General Meeting, Jun 27, 2024.お知らせ • May 15Tsubakimoto Chain Co. (TSE:6371) announces an Equity Buyback for 1,800,000 shares, representing 5.02% for ¥10,000 million.Tsubakimoto Chain Co. (TSE:6371) announces a share repurchase program. Under the program, the company will repurchase 1,800,000 shares, representing 5.02% of its share capital, for ¥10,000 million. The company will repurchase its shares in order to implement a flexible capital policy that responds to changes in the business environment, enhance shareholder returns, and improve capital efficiency over the medium to long term, and cancel all acquired treasury stock. The program will run until March 31, 2025. As of March 31, 2024, the company had 35,852,944 shares outstanding (excluding treasury shares) and 1,228,449 shares in treasury.Upcoming Dividend • Mar 21Upcoming dividend of JP¥100.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (3.2%).お知らせ • Mar 02+ 3 more updatesTsubakimoto Chain Co. to Report Fiscal Year 2024 Results on May 14, 2024Tsubakimoto Chain Co. announced that they will report fiscal year 2024 results on May 14, 2024New Risk • Feb 27New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 2.3% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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. This is currently the only risk that has been identified for the company.Reported Earnings • Feb 08Third quarter 2024 earnings released: EPS: JP¥130 (vs JP¥112 in 3Q 2023)Third quarter 2024 results: EPS: JP¥130 (up from JP¥112 in 3Q 2023). Revenue: JP¥68.0b (up 6.4% from 3Q 2023). Net income: JP¥4.66b (up 12% from 3Q 2023). Profit margin: 6.9% (up from 6.5% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.Buying Opportunity • Dec 23Now 20% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be €30.65, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 19%. For the next 3 years, revenue is forecast to grow by 1.6% per annum. Earnings is also forecast to grow by 0.7% per annum over the same time period.Reported Earnings • Nov 02Second quarter 2024 earnings released: EPS: JP¥112 (vs JP¥81.09 in 2Q 2023)Second quarter 2024 results: EPS: JP¥112 (up from JP¥81.09 in 2Q 2023). Revenue: JP¥66.8b (up 9.6% from 2Q 2023). Net income: JP¥4.08b (up 36% from 2Q 2023). Profit margin: 6.1% (up from 4.9% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Sep 21Upcoming dividend of JP¥60.00 per share at 3.3% yieldEligible shareholders must have bought the stock before 28 September 2023. Payment date: 04 December 2023. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.8%).Reported Earnings • Jul 30First quarter 2024 earnings released: EPS: JP¥87.23 (vs JP¥101 in 1Q 2023)First quarter 2024 results: EPS: JP¥87.23 (down from JP¥101 in 1Q 2023). Revenue: JP¥61.9b (up 6.9% from 1Q 2023). Net income: JP¥3.22b (down 14% from 1Q 2023). Profit margin: 5.2% (down from 6.5% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Machinery industry in Germany. 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 7% per year, which means it is significantly lagging earnings growth.お知らせ • May 24Tsubakimoto Chain Co. (TSE:6371) announces an Equity Buyback for 1,200,000 shares, representing 3.24% for ¥5,000 million.Tsubakimoto Chain Co. (TSE:6371) announces a share repurchase program. Under the program, the company will repurchase 1,200,000 shares, representing 3.24% of its share capital, for ¥5,000 million. The company will repurchase its shares in order to implement a flexible capital policy that responds to changes in the business environment, enhance shareholder returns, and improve capital efficiency over the medium to long term, and cancel all acquired treasury stock. The program will run until March 29, 2024. As of March 31, 2023, the company had 37,032,697 shares outstanding (excluding treasury shares) and 1,248,696 shares in treasury.Reported Earnings • May 14Full year 2023 earnings released: EPS: JP¥371 (vs JP¥393 in FY 2022)Full year 2023 results: EPS: JP¥371 (down from JP¥393 in FY 2022). Revenue: JP¥251.6b (up 17% from FY 2022). Net income: JP¥13.7b (down 5.5% from FY 2022). Profit margin: 5.5% (down from 6.7% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 4.4% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.お知らせ • May 13Tsubakimoto Chain Co., Annual General Meeting, Jun 29, 2023Tsubakimoto Chain Co., Annual General Meeting, Jun 29, 2023.Upcoming Dividend • Mar 23Upcoming dividend of JP¥70.00 per share at 4.1% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 4.1%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.9%).Reported Earnings • Feb 05Third quarter 2023 earnings released: EPS: JP¥112 (vs JP¥108 in 3Q 2022)Third quarter 2023 results: EPS: JP¥112 (up from JP¥108 in 3Q 2022). Revenue: JP¥63.9b (up 21% from 3Q 2022). Net income: JP¥4.17b (up 4.3% from 3Q 2022). Profit margin: 6.5% (down from 7.5% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.Board Change • Feb 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. 1 highly experienced director. Independent Outside Director Hisae Kitayama was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.Board Change • Nov 16Less than half of directors are independentFollowing 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. 4 non-independent directors. Independent Outside Director Hisae Kitayama was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Nov 02Second quarter 2023 earnings released: EPS: JP¥81.09 (vs JP¥86.04 in 2Q 2022)Second quarter 2023 results: EPS: JP¥81.09 (down from JP¥86.04 in 2Q 2022). Revenue: JP¥61.0b (up 17% from 2Q 2022). Net income: JP¥3.00b (down 5.7% from 2Q 2022). Profit margin: 4.9% (down from 6.1% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.Upcoming Dividend • Sep 22Upcoming dividend of JP¥60.00 per shareEligible shareholders must have bought the stock before 29 September 2022. Payment date: 02 December 2022. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 4.1%. Lower than top quartile of German dividend payers (5.1%). Higher than average of industry peers (3.2%).Reported Earnings • Jul 31First quarter 2023 earnings released: EPS: JP¥101 (vs JP¥92.91 in 1Q 2022)First quarter 2023 results: EPS: JP¥101 (up from JP¥92.91 in 1Q 2022). Revenue: JP¥58.0b (up 15% from 1Q 2022). Net income: JP¥3.75b (up 9.1% from 1Q 2022). Profit margin: 6.5% (down from 6.8% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 7.7%, compared to a 9.5% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.お知らせ • Jul 14+ 2 more updatesTsubakimoto Chain Co. to Report Q3, 2023 Results on Feb 03, 2023Tsubakimoto Chain Co. announced that they will report Q3, 2023 results on Feb 03, 2023Reported Earnings • May 13Full year 2022 earnings released: EPS: JP¥393 (vs JP¥235 in FY 2021)Full year 2022 results: EPS: JP¥393 (up from JP¥235 in FY 2021). Revenue: JP¥215.9b (up 12% from FY 2021). Net income: JP¥14.5b (up 67% from FY 2021). Profit margin: 6.7% (up from 4.5% in FY 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 7.7%, compared to a 9.1% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.お知らせ • May 13Tsubakimoto Chain Co., Annual General Meeting, Jun 29, 2022Tsubakimoto Chain Co., Annual General Meeting, Jun 29, 2022.Board Change • Apr 27Less than half of directors are independentFollowing 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. 4 non-independent directors. Independent Outside Director Hisae Kitayama was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Apr 08Tsubakimoto Chain Co. to Report Fiscal Year 2022 Results on May 11, 2022Tsubakimoto Chain Co. announced that they will report fiscal year 2022 results on May 11, 2022Upcoming Dividend • Mar 23Upcoming dividend of JP¥60.00 per shareEligible shareholders must have bought the stock before 30 March 2022. Payment date: 30 June 2022. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 3.8%. Within top quartile of German dividend payers (3.6%). Higher than average of industry peers (1.9%).Reported Earnings • Feb 06Third quarter 2022 earnings: EPS in line with expectations, revenues disappointThird quarter 2022 results: EPS: JP¥108 (up from JP¥54.84 in 3Q 2021). Revenue: JP¥52.9b (up 7.9% from 3Q 2021). Net income: JP¥4.00b (up 97% from 3Q 2021). Profit margin: 7.5% (up from 4.1% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.7%. Over the next year, revenue is forecast to grow 8.2%, compared to a 10.0% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 7% per year.Reported Earnings • Oct 30Second quarter 2022 earnings released: EPS JP¥86.04 (vs JP¥50.76 in 2Q 2021)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥52.2b (up 9.5% from 2Q 2021). Net income: JP¥3.19b (up 70% from 2Q 2021). Profit margin: 6.1% (up from 3.9% in 2Q 2021). The increase in margin 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 only fallen by 9% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Sep 22Upcoming dividend of JP¥50.00 per shareEligible shareholders must have bought the stock before 29 September 2021. Payment date: 02 December 2021. Trailing yield: 3.3%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (1.0%).Reported Earnings • Aug 05First quarter 2022 earnings released: EPS JP¥92.91 (vs JP¥32.72 in 1Q 2021)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥50.3b (up 23% from 1Q 2021). Net income: JP¥3.44b (up 184% from 1Q 2021). Profit margin: 6.8% (up from 3.0% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.Board Change • Jul 27Less than half of directors are independentFollowing 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. 5 non-independent directors. Independent Outside Director Hisae Kitayama was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • May 14Full year 2021 earnings released: EPS JP¥235 (vs JP¥309 in FY 2020)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥193.4b (down 15% from FY 2020). Net income: JP¥8.71b (down 25% from FY 2020). Profit margin: 4.5% (down from 5.1% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Mar 23Upcoming dividend of JP¥30.00 per shareEligible shareholders must have bought the stock before 30 March 2021. Payment date: 29 June 2021. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (3.3%). Higher than average of industry peers (1.2%).Is New 90 Day High Low • Mar 06New 90-day high: €23.40The company is up 8.0% from its price of €21.60 on 04 December 2020. The German 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 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €41.32 per share.Reported Earnings • Feb 08Third quarter 2021 earnings released: EPS JP¥54.84 (vs JP¥83.86 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥49.1b (down 11% from 3Q 2020). Net income: JP¥2.03b (down 35% from 3Q 2020). Profit margin: 4.1% (down from 5.7% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.Analyst Estimate Surprise Post Earnings • Feb 08Revenue misses expectationsRevenue missed analyst estimates by 0.8%. Over the next year, revenue is forecast to grow 6.8%, compared to a 5.0% growth forecast for the Machinery industry in Germany.Is New 90 Day High Low • Feb 07New 90-day high: €22.60The company is up 12% from its price of €20.20 on 06 November 2020. The German market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €46.51 per share.Is New 90 Day High Low • Dec 15New 90-day high: €22.00The company is up 12% from its price of €19.70 on 16 September 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €46.64 per share.Is New 90 Day High Low • Nov 28New 90-day high: €20.80The company is up 8.0% from its price of €19.20 on 28 August 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €26.12 per share.Reported Earnings • Nov 11Second quarter 2021 earnings released: EPS JP¥50.76The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥47.6b (down 18% from 2Q 2020). Net income: JP¥1.88b (down 43% from 2Q 2020). Profit margin: 3.9% (down from 5.6% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 18% per year whereas the company’s share price has fallen by 15% per year.Analyst Estimate Surprise Post Earnings • Nov 11Revenue misses expectationsRevenue missed analyst estimates by 1.1%. Over the next year, revenue is forecast to grow 3.3% while the growth in Machinery industry in Germany is expected to stay flat.Reported Earnings • Nov 01First half earnings releasedOver the last 12 months the company has reported total profits of JP¥8.17b, down 30% from the prior year. Total revenue was JP¥200.6b over the last 12 months, down 15% from the prior year.Analyst Estimate Surprise Post Earnings • Nov 01Semi-annual earnings released: Revenue misses expectationsSemi-annual revenue missed analyst estimates by 1.1% at JP¥88.5b. Revenue is forecast to grow 3.7% over the next year, while the growth in Machinery industry in Germany is expected to stay flat.お知らせ • Jun 21+ 2 more updatesTsubakimoto Chain Co. to Report Q3, 2021 Results on Feb 05, 2021Tsubakimoto Chain Co. announced that they will report Q3, 2021 results on Feb 05, 2021株主還元TSBDE MachineryDE 市場7D0%0.5%-0.8%1Y24.3%-1.9%-0.9%株主還元を見る業界別リターン: TSB過去 1 年間で-1.9 % の収益を上げたGerman Machinery業界を上回りました。リターン対市場: TSB過去 1 年間で-0.9 % の収益を上げたGerman市場を上回りました。価格変動Is TSB's price volatile compared to industry and market?TSB volatilityTSB Average Weekly Movement4.9%Machinery Industry Average Movement4.2%Market Average Movement5.4%10% most volatile stocks in DE Market12.7%10% least volatile stocks in DE Market2.7%安定した株価: TSB 、 German市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: TSBの 週次ボラティリティ ( 5% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト191712,228Kenji Kosetsubakimoto.com椿本チエイン株式会社は、日本でチェーン、モーションコントロール、モビリティ、マテリアルハンドリングシステムコンポーネントを製造・販売している。同社のパワートランスミッション製品には、ドライブチェーン、コンベアチェーン、プラスチックモジュラー・ブロックチェーン、スプロケット、ホース・ケーブルキャリアシステム、タイミングベルト・プーリー、減速機、ロック装置、シャフトカップリング、リニアアクチュエータ、クラッチ、電気制御装置、メカニカルプロテクタなどがある。同社のモビリティ製品は、タイミングチェーンシステム、エネドライブチェーン、ワンウェイクラッチ、e-bikeクラッチ、モーターサイクルクラッチ、ジップチェーンアクチュエーター、ケーブルベヤーで構成されている。マテリアルハンドリングシステムは、流通業向け仕分け搬送システム、ライフサイエンス支援機器、新聞ハンドリングシステム、自動車製造工場向け自動マテリアルハンドリングシステム、バルクハンドリングシステム、金属加工チップハンドリングおよびクーラント処理システムなどの機器およびシステムを含む。同社はV2X双方向電気自動車（EV）充電システムおよび監視システムを提供している。製品は自動車、資源、素材、食品、医療、インフラ、環境分野で使用されている。椿本チエインは1917年に設立され、本社は大阪にある。もっと見るTsubakimoto Chain Co. 基礎のまとめTsubakimoto Chain の収益と売上を時価総額と比較するとどうか。TSB 基礎統計学時価総額€1.45b収益（TTM）€160.11m売上高(TTM)€1.59b9.0xPER（株価収益率0.9xP/SレシオTSB は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計TSB 損益計算書（TTM）収益JP¥295.88b売上原価JP¥208.59b売上総利益JP¥87.29bその他の費用JP¥57.58b収益JP¥29.71b直近の収益報告Mar 31, 2026次回決算日Jul 30, 2026一株当たり利益（EPS）285.57グロス・マージン29.50%純利益率10.04%有利子負債／自己資本比率16.7%TSB の長期的なパフォーマンスは？過去の実績と比較を見る配当金3.1%現在の配当利回り27%配当性向View Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/07/20 20:53終値2026/07/20 00:00収益2026/03/31年間収益2026/03/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社のGitHubページでご覧いただけます。また、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Tsubakimoto Chain Co. 1 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。10 アナリスト機関Hisanori ShimoiCitigroup IncHirosuke TaiDaiwa Securities Co. Ltd.Akihiro HayashiIchiyoshi Research Institute Inc.7 その他のアナリストを表示
お知らせ • Jul 10Tsubakimoto Chain Co. to Report Q2, 2027 Results on Nov 20, 2026Tsubakimoto Chain Co. announced that they will report Q2, 2027 results on Nov 20, 2026
お知らせ • May 14Tsubakimoto Chain Co. (TSE:6371) announces an Equity Buyback for 5,000,000 shares, representing 4.81% for ¥10,000 million.Tsubakimoto Chain Co. (TSE:6371) announces a share repurchase program. Under the program, the company will repurchase 5,000,000 shares, representing 4.81% of its share capital, for ¥10,000 million. The purpose of the program is to flexibly implement capital policies in response to changes in the business environment, while enhancing shareholder returns and improving capital efficiency. The program will run until March 13, 2027. As of March 31, 2026, the company had 104,031,492 shares outstanding (excluding treasury shares) and 181,787 shares in treasury.
お知らせ • May 13Tsubakimoto Chain Co., Annual General Meeting, Jun 26, 2026Tsubakimoto Chain Co., Annual General Meeting, Jun 26, 2026.
お知らせ • Feb 07+ 3 more updatesTsubakimoto Chain Co. to Report Fiscal Year 2026 Results on May 13, 2026Tsubakimoto Chain Co. announced that they will report fiscal year 2026 results on May 13, 2026
お知らせ • May 16Tsubakimoto Chain Co. (TSE:6371) announces an Equity Buyback for 6,500,000 shares, representing 6.12% for ¥10,000 million.Tsubakimoto Chain Co. (TSE:6371) announces a share repurchase program. Under the program, the company will repurchase 6,500,000 shares, representing 6.12% of its share capital, for ¥10,000 million. The company will repurchase its shares to carry out a flexible capital policy that can respond to future changes in the business environment. The program will run until December 30, 2025. As of March 31, 2025, the company had 106,213,279 shares outstanding (excluding treasury shares) and 3,648,863 shares in treasury.
お知らせ • May 15Tsubakimoto Chain Co., Annual General Meeting, Jun 27, 2025Tsubakimoto Chain Co., Annual General Meeting, Jun 27, 2025.
お知らせ • Jul 10Tsubakimoto Chain Co. to Report Q2, 2027 Results on Nov 20, 2026Tsubakimoto Chain Co. announced that they will report Q2, 2027 results on Nov 20, 2026
お知らせ • May 14Tsubakimoto Chain Co. (TSE:6371) announces an Equity Buyback for 5,000,000 shares, representing 4.81% for ¥10,000 million.Tsubakimoto Chain Co. (TSE:6371) announces a share repurchase program. Under the program, the company will repurchase 5,000,000 shares, representing 4.81% of its share capital, for ¥10,000 million. The purpose of the program is to flexibly implement capital policies in response to changes in the business environment, while enhancing shareholder returns and improving capital efficiency. The program will run until March 13, 2027. As of March 31, 2026, the company had 104,031,492 shares outstanding (excluding treasury shares) and 181,787 shares in treasury.
お知らせ • May 13Tsubakimoto Chain Co., Annual General Meeting, Jun 26, 2026Tsubakimoto Chain Co., Annual General Meeting, Jun 26, 2026.
お知らせ • Feb 07+ 3 more updatesTsubakimoto Chain Co. to Report Fiscal Year 2026 Results on May 13, 2026Tsubakimoto Chain Co. announced that they will report fiscal year 2026 results on May 13, 2026
お知らせ • May 16Tsubakimoto Chain Co. (TSE:6371) announces an Equity Buyback for 6,500,000 shares, representing 6.12% for ¥10,000 million.Tsubakimoto Chain Co. (TSE:6371) announces a share repurchase program. Under the program, the company will repurchase 6,500,000 shares, representing 6.12% of its share capital, for ¥10,000 million. The company will repurchase its shares to carry out a flexible capital policy that can respond to future changes in the business environment. The program will run until December 30, 2025. As of March 31, 2025, the company had 106,213,279 shares outstanding (excluding treasury shares) and 3,648,863 shares in treasury.
お知らせ • May 15Tsubakimoto Chain Co., Annual General Meeting, Jun 27, 2025Tsubakimoto Chain Co., Annual General Meeting, Jun 27, 2025.
お知らせ • May 14Tsubakimoto Chain Co. (TSE:6371) agreed to acquire remaining 99.45% stake in Daido Kogyo Co., Ltd. (TSE:6373) from a group of shareholders for ¥12.2 billion.Tsubakimoto Chain Co. (TSE:6371) agreed to acquire remaining 99.45% stake in Daido Kogyo Co., Ltd. (TSE:6373) from a group of shareholders for ¥12.2 billion on May 14, 2025. Upon completion, Tsubakimoto Chain Co. will own 100% stake in Daido Kogyo Co., Ltd. The transaction is subject to approval of merger agreement by target board, approval of offer by target shareholders, consummation of due diligence investigation and subject to antitrust regulations. The Board of Directors of The Board of Directors of Daido Kogyo Co., Ltd. unanimously resolved to implement the share exchange. Daido Kogyo Co., Ltd. formed a special committee for the transaction. The expected completion of the transaction is January 1, 2026. Nomura Securities Co., Ltd. acted as financial advisor for Tsubakimoto Chain Co. Nomura Securities Co., Ltd. acted as fairness opinion provider for Tsubakimoto Chain Co. Nishimura & Asahi acted as legal advisor for Tsubakimoto Chain Co. SMBC Nikko Securities Inc. acted as financial advisor for Daido Kogyo Co., Ltd. SMBC Nikko Securities Inc. acted as fairness opinion provider for Daido Kogyo Co., Ltd. Anderson Mori & Tomotsune acted as legal advisor for Daido Kogyo Co., Ltd.
お知らせ • Feb 12+ 3 more updatesTsubakimoto Chain Co. to Report Q1, 2026 Results on Jul 30, 2025Tsubakimoto Chain Co. announced that they will report Q1, 2026 results on Jul 30, 2025
Reported Earnings • Nov 01Second quarter 2025 earnings releasedSecond quarter 2025 results: Revenue: JP¥69.9b (up 4.6% from 2Q 2024). Net income: JP¥3.63b (down 11% from 2Q 2024). Profit margin: 5.2% (down from 6.1% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.
New Risk • Sep 26New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. Cash payout ratio: 90% Dividend yield: 12% 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. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 2.3% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (90% cash payout ratio). Large one-off items impacting financial results.
Upcoming Dividend • Sep 20Upcoming dividend of JP¥99.00 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 04 December 2024. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 4.2%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (3.5%).
お知らせ • Aug 16Tsubakimoto Chain Co. (TSE:6371) acquired Agricultural Business of Kidaya Shoten, K.K.Tsubakimoto Chain Co. (TSE:6371) acquired Agricultural Business of Kidaya Shoten, K.K. on August 15, 2024. Tsubakimoto Chain Co. (TSE:6371) Completed the acquisition of Agricultural Business of Kidaya Shoten, K.K. on August 15, 2024.
Reported Earnings • Jul 29First quarter 2025 earnings released: EPS: JP¥179 (vs JP¥87.23 in 1Q 2024)First quarter 2025 results: EPS: JP¥179 (up from JP¥87.23 in 1Q 2024). Revenue: JP¥66.5b (up 7.3% from 1Q 2024). Net income: JP¥6.38b (up 98% from 1Q 2024). Profit margin: 9.6% (up from 5.2% in 1Q 2024). Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 14% per year.
Declared Dividend • Jul 11Final dividend of JP¥99.00 announcedShareholders will receive a dividend of JP¥99.00. Ex-date: 27th September 2024 Payment date: 4th December 2024 Dividend yield will be 278%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (47% earnings payout ratio) and cash flows (31% cash payout ratio). The dividend has increased by an average of 20% 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 14% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • May 17Full year 2024 earnings released: EPS: JP¥512 (vs JP¥371 in FY 2023)Full year 2024 results: EPS: JP¥512 (up from JP¥371 in FY 2023). Revenue: JP¥266.8b (up 6.1% from FY 2023). Net income: JP¥18.6b (up 35% from FY 2023). Profit margin: 7.0% (up from 5.5% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 14% per year and the company’s share price has also increased by 14% per year.
お知らせ • May 16Tsubakimoto Chain Co., Annual General Meeting, Jun 27, 2024Tsubakimoto Chain Co., Annual General Meeting, Jun 27, 2024.
お知らせ • May 15Tsubakimoto Chain Co. (TSE:6371) announces an Equity Buyback for 1,800,000 shares, representing 5.02% for ¥10,000 million.Tsubakimoto Chain Co. (TSE:6371) announces a share repurchase program. Under the program, the company will repurchase 1,800,000 shares, representing 5.02% of its share capital, for ¥10,000 million. The company will repurchase its shares in order to implement a flexible capital policy that responds to changes in the business environment, enhance shareholder returns, and improve capital efficiency over the medium to long term, and cancel all acquired treasury stock. The program will run until March 31, 2025. As of March 31, 2024, the company had 35,852,944 shares outstanding (excluding treasury shares) and 1,228,449 shares in treasury.
Upcoming Dividend • Mar 21Upcoming dividend of JP¥100.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (3.2%).
お知らせ • Mar 02+ 3 more updatesTsubakimoto Chain Co. to Report Fiscal Year 2024 Results on May 14, 2024Tsubakimoto Chain Co. announced that they will report fiscal year 2024 results on May 14, 2024
New Risk • Feb 27New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 2.3% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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. This is currently the only risk that has been identified for the company.
Reported Earnings • Feb 08Third quarter 2024 earnings released: EPS: JP¥130 (vs JP¥112 in 3Q 2023)Third quarter 2024 results: EPS: JP¥130 (up from JP¥112 in 3Q 2023). Revenue: JP¥68.0b (up 6.4% from 3Q 2023). Net income: JP¥4.66b (up 12% from 3Q 2023). Profit margin: 6.9% (up from 6.5% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
Buying Opportunity • Dec 23Now 20% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be €30.65, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 19%. For the next 3 years, revenue is forecast to grow by 1.6% per annum. Earnings is also forecast to grow by 0.7% per annum over the same time period.
Reported Earnings • Nov 02Second quarter 2024 earnings released: EPS: JP¥112 (vs JP¥81.09 in 2Q 2023)Second quarter 2024 results: EPS: JP¥112 (up from JP¥81.09 in 2Q 2023). Revenue: JP¥66.8b (up 9.6% from 2Q 2023). Net income: JP¥4.08b (up 36% from 2Q 2023). Profit margin: 6.1% (up from 4.9% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Sep 21Upcoming dividend of JP¥60.00 per share at 3.3% yieldEligible shareholders must have bought the stock before 28 September 2023. Payment date: 04 December 2023. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.8%).
Reported Earnings • Jul 30First quarter 2024 earnings released: EPS: JP¥87.23 (vs JP¥101 in 1Q 2023)First quarter 2024 results: EPS: JP¥87.23 (down from JP¥101 in 1Q 2023). Revenue: JP¥61.9b (up 6.9% from 1Q 2023). Net income: JP¥3.22b (down 14% from 1Q 2023). Profit margin: 5.2% (down from 6.5% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Machinery industry in Germany. 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 7% per year, which means it is significantly lagging earnings growth.
お知らせ • May 24Tsubakimoto Chain Co. (TSE:6371) announces an Equity Buyback for 1,200,000 shares, representing 3.24% for ¥5,000 million.Tsubakimoto Chain Co. (TSE:6371) announces a share repurchase program. Under the program, the company will repurchase 1,200,000 shares, representing 3.24% of its share capital, for ¥5,000 million. The company will repurchase its shares in order to implement a flexible capital policy that responds to changes in the business environment, enhance shareholder returns, and improve capital efficiency over the medium to long term, and cancel all acquired treasury stock. The program will run until March 29, 2024. As of March 31, 2023, the company had 37,032,697 shares outstanding (excluding treasury shares) and 1,248,696 shares in treasury.
Reported Earnings • May 14Full year 2023 earnings released: EPS: JP¥371 (vs JP¥393 in FY 2022)Full year 2023 results: EPS: JP¥371 (down from JP¥393 in FY 2022). Revenue: JP¥251.6b (up 17% from FY 2022). Net income: JP¥13.7b (down 5.5% from FY 2022). Profit margin: 5.5% (down from 6.7% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 4.4% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
お知らせ • May 13Tsubakimoto Chain Co., Annual General Meeting, Jun 29, 2023Tsubakimoto Chain Co., Annual General Meeting, Jun 29, 2023.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥70.00 per share at 4.1% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 4.1%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.9%).
Reported Earnings • Feb 05Third quarter 2023 earnings released: EPS: JP¥112 (vs JP¥108 in 3Q 2022)Third quarter 2023 results: EPS: JP¥112 (up from JP¥108 in 3Q 2022). Revenue: JP¥63.9b (up 21% from 3Q 2022). Net income: JP¥4.17b (up 4.3% from 3Q 2022). Profit margin: 6.5% (down from 7.5% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.
Board Change • Feb 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. 1 highly experienced director. Independent Outside Director Hisae Kitayama was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
Board Change • Nov 16Less than half of directors are independentFollowing 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. 4 non-independent directors. Independent Outside Director Hisae Kitayama was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Nov 02Second quarter 2023 earnings released: EPS: JP¥81.09 (vs JP¥86.04 in 2Q 2022)Second quarter 2023 results: EPS: JP¥81.09 (down from JP¥86.04 in 2Q 2022). Revenue: JP¥61.0b (up 17% from 2Q 2022). Net income: JP¥3.00b (down 5.7% from 2Q 2022). Profit margin: 4.9% (down from 6.1% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Sep 22Upcoming dividend of JP¥60.00 per shareEligible shareholders must have bought the stock before 29 September 2022. Payment date: 02 December 2022. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 4.1%. Lower than top quartile of German dividend payers (5.1%). Higher than average of industry peers (3.2%).
Reported Earnings • Jul 31First quarter 2023 earnings released: EPS: JP¥101 (vs JP¥92.91 in 1Q 2022)First quarter 2023 results: EPS: JP¥101 (up from JP¥92.91 in 1Q 2022). Revenue: JP¥58.0b (up 15% from 1Q 2022). Net income: JP¥3.75b (up 9.1% from 1Q 2022). Profit margin: 6.5% (down from 6.8% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 7.7%, compared to a 9.5% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
お知らせ • Jul 14+ 2 more updatesTsubakimoto Chain Co. to Report Q3, 2023 Results on Feb 03, 2023Tsubakimoto Chain Co. announced that they will report Q3, 2023 results on Feb 03, 2023
Reported Earnings • May 13Full year 2022 earnings released: EPS: JP¥393 (vs JP¥235 in FY 2021)Full year 2022 results: EPS: JP¥393 (up from JP¥235 in FY 2021). Revenue: JP¥215.9b (up 12% from FY 2021). Net income: JP¥14.5b (up 67% from FY 2021). Profit margin: 6.7% (up from 4.5% in FY 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 7.7%, compared to a 9.1% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
お知らせ • May 13Tsubakimoto Chain Co., Annual General Meeting, Jun 29, 2022Tsubakimoto Chain Co., Annual General Meeting, Jun 29, 2022.
Board Change • Apr 27Less than half of directors are independentFollowing 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. 4 non-independent directors. Independent Outside Director Hisae Kitayama was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Apr 08Tsubakimoto Chain Co. to Report Fiscal Year 2022 Results on May 11, 2022Tsubakimoto Chain Co. announced that they will report fiscal year 2022 results on May 11, 2022
Upcoming Dividend • Mar 23Upcoming dividend of JP¥60.00 per shareEligible shareholders must have bought the stock before 30 March 2022. Payment date: 30 June 2022. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 3.8%. Within top quartile of German dividend payers (3.6%). Higher than average of industry peers (1.9%).
Reported Earnings • Feb 06Third quarter 2022 earnings: EPS in line with expectations, revenues disappointThird quarter 2022 results: EPS: JP¥108 (up from JP¥54.84 in 3Q 2021). Revenue: JP¥52.9b (up 7.9% from 3Q 2021). Net income: JP¥4.00b (up 97% from 3Q 2021). Profit margin: 7.5% (up from 4.1% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.7%. Over the next year, revenue is forecast to grow 8.2%, compared to a 10.0% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 7% per year.
Reported Earnings • Oct 30Second quarter 2022 earnings released: EPS JP¥86.04 (vs JP¥50.76 in 2Q 2021)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥52.2b (up 9.5% from 2Q 2021). Net income: JP¥3.19b (up 70% from 2Q 2021). Profit margin: 6.1% (up from 3.9% in 2Q 2021). The increase in margin 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 only fallen by 9% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Sep 22Upcoming dividend of JP¥50.00 per shareEligible shareholders must have bought the stock before 29 September 2021. Payment date: 02 December 2021. Trailing yield: 3.3%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (1.0%).
Reported Earnings • Aug 05First quarter 2022 earnings released: EPS JP¥92.91 (vs JP¥32.72 in 1Q 2021)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥50.3b (up 23% from 1Q 2021). Net income: JP¥3.44b (up 184% from 1Q 2021). Profit margin: 6.8% (up from 3.0% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.
Board Change • Jul 27Less than half of directors are independentFollowing 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. 5 non-independent directors. Independent Outside Director Hisae Kitayama was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • May 14Full year 2021 earnings released: EPS JP¥235 (vs JP¥309 in FY 2020)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥193.4b (down 15% from FY 2020). Net income: JP¥8.71b (down 25% from FY 2020). Profit margin: 4.5% (down from 5.1% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥30.00 per shareEligible shareholders must have bought the stock before 30 March 2021. Payment date: 29 June 2021. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (3.3%). Higher than average of industry peers (1.2%).
Is New 90 Day High Low • Mar 06New 90-day high: €23.40The company is up 8.0% from its price of €21.60 on 04 December 2020. The German 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 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €41.32 per share.
Reported Earnings • Feb 08Third quarter 2021 earnings released: EPS JP¥54.84 (vs JP¥83.86 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥49.1b (down 11% from 3Q 2020). Net income: JP¥2.03b (down 35% from 3Q 2020). Profit margin: 4.1% (down from 5.7% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.
Analyst Estimate Surprise Post Earnings • Feb 08Revenue misses expectationsRevenue missed analyst estimates by 0.8%. Over the next year, revenue is forecast to grow 6.8%, compared to a 5.0% growth forecast for the Machinery industry in Germany.
Is New 90 Day High Low • Feb 07New 90-day high: €22.60The company is up 12% from its price of €20.20 on 06 November 2020. The German market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €46.51 per share.
Is New 90 Day High Low • Dec 15New 90-day high: €22.00The company is up 12% from its price of €19.70 on 16 September 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €46.64 per share.
Is New 90 Day High Low • Nov 28New 90-day high: €20.80The company is up 8.0% from its price of €19.20 on 28 August 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €26.12 per share.
Reported Earnings • Nov 11Second quarter 2021 earnings released: EPS JP¥50.76The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥47.6b (down 18% from 2Q 2020). Net income: JP¥1.88b (down 43% from 2Q 2020). Profit margin: 3.9% (down from 5.6% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 18% per year whereas the company’s share price has fallen by 15% per year.
Analyst Estimate Surprise Post Earnings • Nov 11Revenue misses expectationsRevenue missed analyst estimates by 1.1%. Over the next year, revenue is forecast to grow 3.3% while the growth in Machinery industry in Germany is expected to stay flat.
Reported Earnings • Nov 01First half earnings releasedOver the last 12 months the company has reported total profits of JP¥8.17b, down 30% from the prior year. Total revenue was JP¥200.6b over the last 12 months, down 15% from the prior year.
Analyst Estimate Surprise Post Earnings • Nov 01Semi-annual earnings released: Revenue misses expectationsSemi-annual revenue missed analyst estimates by 1.1% at JP¥88.5b. Revenue is forecast to grow 3.7% over the next year, while the growth in Machinery industry in Germany is expected to stay flat.
お知らせ • Jun 21+ 2 more updatesTsubakimoto Chain Co. to Report Q3, 2021 Results on Feb 05, 2021Tsubakimoto Chain Co. announced that they will report Q3, 2021 results on Feb 05, 2021
