View ValuationTsubakimoto Chain 향후 성장Future 기준 점검 0/6Tsubakimoto Chain 의 수익은 연간 13.6% 감소할 것으로 예상되는 반면, 연간 수익은 1.4% 로 증가할 것으로 예상됩니다. EPS는 연간 8.8% 만큼 쇠퇴할 것으로 예상됩니다. 자기자본이익률은 3년 후 7.3% 로 예상됩니다.핵심 정보-13.6%이익 성장률-8.76%EPS 성장률Machinery 이익 성장21.1%매출 성장률1.4%향후 자기자본이익률7.30%애널리스트 커버리지Low마지막 업데이트13 May 2026최근 향후 성장 업데이트업데이트 없음모든 업데이트 보기Recent updates공고 • 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, 2026공고 • 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.공고 • May 13Tsubakimoto Chain Co., Annual General Meeting, Jun 26, 2026Tsubakimoto Chain Co., Annual General Meeting, Jun 26, 2026.공고 • 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, 2026공고 • 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.공고 • May 15Tsubakimoto Chain Co., Annual General Meeting, Jun 27, 2025Tsubakimoto Chain Co., Annual General Meeting, Jun 27, 2025.공고 • 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.공고 • 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%).공고 • 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.공고 • May 16Tsubakimoto Chain Co., Annual General Meeting, Jun 27, 2024Tsubakimoto Chain Co., Annual General Meeting, Jun 27, 2024.공고 • 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%).공고 • 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.공고 • 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.공고 • 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.공고 • 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.공고 • 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.공고 • 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.공고 • 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, 2021이익 및 매출 성장 예측DB:TSB - 애널리스트 향후 추정치 및 과거 재무 데이터 (JPY Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수3/31/2029307,40019,700N/AN/A13/31/2028299,90018,700N/AN/A13/31/2027293,30018,000N/AN/A13/31/2026295,87829,70816,13131,891N/A12/31/2025281,98422,94215,56729,023N/A9/30/2025278,46722,02911,02023,270N/A6/30/2025278,05520,23512,39925,751N/A3/31/2025279,19322,1228,13821,297N/A12/31/2024276,61621,53911,07123,274N/A9/30/2024274,41221,26519,65732,048N/A6/30/2024271,32121,712N/AN/AN/A3/31/2024266,81218,55127,73638,580N/A12/31/2023265,51614,785N/AN/AN/A9/30/2023261,40114,28623,97733,546N/A6/30/2023255,55213,211N/AN/AN/A3/31/2023251,57413,74212,43021,352N/A12/31/2022243,28414,845N/AN/AN/A9/30/2022232,29414,6757,98816,424N/A6/30/2022223,52114,857N/AN/AN/A3/31/2022215,87914,54312,99621,000N/A12/31/2021211,32714,205N/AN/AN/A9/30/2021207,44512,24020,38528,432N/A6/30/2021202,89610,934N/AN/AN/A3/31/2021193,3998,70618,16727,890N/A12/31/2020194,8157,073N/AN/AN/A9/30/2020200,6418,1705,30418,587N/A6/30/2020211,3589,586N/AN/AN/A3/31/2020226,42311,5765,61420,275N/A12/31/2019231,47410,458N/AN/AN/A9/30/2019236,27711,606N/A25,595N/A6/30/2019238,92912,762N/AN/AN/A3/31/2019238,51513,779N/A24,197N/A12/31/2018236,32216,323N/AN/AN/A9/30/2018229,43016,500N/A25,166N/A6/30/2018221,32615,732N/AN/AN/A3/31/2018215,71614,666N/A27,657N/A12/31/2017209,59215,412N/AN/AN/A9/30/2017205,80015,039N/A26,032N/A6/30/2017202,03614,953N/AN/AN/A3/31/2017198,76214,596N/A25,434N/A12/31/2016197,20312,461N/AN/AN/A9/30/2016198,22811,926N/A22,822N/A6/30/2016202,18112,273N/AN/AN/A3/31/2016203,97612,766N/A19,090N/A12/31/2015205,91014,684N/AN/AN/A9/30/2015205,27814,807N/A22,121N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: TSB 의 수익은 향후 3년간 감소할 것으로 예상됩니다(연간 -13.6%).수익 vs 시장: TSB 의 수익은 향후 3년간 감소할 것으로 예상됩니다(연간 -13.6%).고성장 수익: TSB 의 수익은 향후 3년간 감소할 것으로 예상됩니다.수익 대 시장: TSB 의 수익(연간 1.4%)이 German 시장(연간 6.6%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: TSB 의 수익(연간 1.4%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: TSB의 자본 수익률은 3년 후 7.3%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YCapital-goods 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/07/23 04:48종가2026/07/23 00:00수익2026/03/31연간 수익2026/03/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델의 세부 정보는 당사의 GitHub 페이지에서 확인하실 수 있습니다. 또한 보고서 사용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Tsubakimoto Chain Co.는 10명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Hisanori ShimoiCitigroup IncHirosuke TaiDaiwa Securities Co. Ltd.Akihiro HayashiIchiyoshi Research Institute Inc.7명의 분석가 더 보기
공고 • 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
공고 • 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.
공고 • May 13Tsubakimoto Chain Co., Annual General Meeting, Jun 26, 2026Tsubakimoto Chain Co., Annual General Meeting, Jun 26, 2026.
공고 • 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
공고 • 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.
공고 • May 15Tsubakimoto Chain Co., Annual General Meeting, Jun 27, 2025Tsubakimoto Chain Co., Annual General Meeting, Jun 27, 2025.
공고 • 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.
공고 • 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%).
공고 • 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.
공고 • May 16Tsubakimoto Chain Co., Annual General Meeting, Jun 27, 2024Tsubakimoto Chain Co., Annual General Meeting, Jun 27, 2024.
공고 • 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%).
공고 • 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.
공고 • 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.
공고 • 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.
공고 • 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.
공고 • 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.
공고 • 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.
공고 • 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