View Future GrowthJapan Resistor Mfg 과거 순이익 실적과거 기준 점검 0/6Japan Resistor Mfg 의 수입은 연평균 -64.7%의 비율로 감소해 온 반면, Electronic 산업은 연평균 9.4%의 비율로 증가했습니다. 매출은 연평균 0.06%의 비율로 증가해 왔습니다.핵심 정보-64.72%순이익 성장률-64.72%주당순이익(EPS) 성장률Electronic 산업 성장률13.80%매출 성장률0.057%자기자본이익률-16.04%순이익률-5.26%다음 순이익 업데이트14 Aug 2026최근 과거 실적 업데이트공시 • Jun 21Japan Resistor Mfg. Co., Ltd. to Report Q2, 2026 Results on Aug 14, 2026Japan Resistor Mfg. Co., Ltd. announced that they will report Q2, 2026 results on Aug 14, 2026Reported Earnings • May 20First quarter 2026 earnings released: JP¥46.07 loss per share (vs JP¥96.19 loss in 1Q 2025)First quarter 2026 results: JP¥46.07 loss per share (improved from JP¥96.19 loss in 1Q 2025). Revenue: JP¥1.38b (up 4.9% from 1Q 2025). Net loss: JP¥57.0m (loss narrowed 52% from 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 104 percentage points per year, which is a significant difference in performance.Reported Earnings • Feb 18Full year 2025 earnings released: JP¥304 loss per share (vs JP¥146 loss in FY 2024)Full year 2025 results: JP¥304 loss per share (further deteriorated from JP¥146 loss in FY 2024). Revenue: JP¥5.91b (down 8.5% from FY 2024). Net loss: JP¥376.0m (loss widened 108% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 109 percentage points per year, which is a significant difference in performance.공시 • Dec 20Japan Resistor Mfg. Co., Ltd. to Report Fiscal Year 2025 Results on Feb 13, 2026Japan Resistor Mfg. Co., Ltd. announced that they will report fiscal year 2025 results at 12:00 PM, Tokyo Standard Time on Feb 13, 2026공시 • Sep 19Japan Resistor Mfg. Co., Ltd. to Report Q3, 2025 Results on Nov 14, 2025Japan Resistor Mfg. Co., Ltd. announced that they will report Q3, 2025 results on Nov 14, 2025Reported Earnings • Aug 15Second quarter 2025 earnings released: JP¥60.62 loss per share (vs JP¥16.98 loss in 2Q 2024)Second quarter 2025 results: JP¥60.62 loss per share (further deteriorated from JP¥16.98 loss in 2Q 2024). Revenue: JP¥1.42b (down 12% from 2Q 2024). Net loss: JP¥75.0m (loss widened 257% from 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 107 percentage points per year, which is a significant difference in performance.모든 업데이트 보기Recent updatesUpcoming Dividend • Jun 22Upcoming dividend of JP¥15.00 per shareEligible shareholders must have bought the stock before 29 June 2026. Payment date: 08 September 2026. The company is not currently making a profit but it is cash flow positive. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.9%). Higher than average of industry peers (1.0%).공시 • Jun 21Japan Resistor Mfg. Co., Ltd. to Report Q2, 2026 Results on Aug 14, 2026Japan Resistor Mfg. Co., Ltd. announced that they will report Q2, 2026 results on Aug 14, 2026New Risk • May 28New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 9.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (5.3% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (9.8% average weekly change). Earnings have declined by 65% per year over the past 5 years. Minor Risks Paying a dividend despite being loss-making. Market cap is less than US$100m (JP¥1.64b market cap, or US$10.3m).Reported Earnings • May 20First quarter 2026 earnings released: JP¥46.07 loss per share (vs JP¥96.19 loss in 1Q 2025)First quarter 2026 results: JP¥46.07 loss per share (improved from JP¥96.19 loss in 1Q 2025). Revenue: JP¥1.38b (up 4.9% from 1Q 2025). Net loss: JP¥57.0m (loss narrowed 52% from 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 104 percentage points per year, which is a significant difference in performance.Buy Or Sell Opportunity • Mar 03Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 3.2% to JP¥935. The fair value is estimated to be JP¥1,182, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.7% over the last 3 years. Meanwhile, the company became loss making.Reported Earnings • Feb 18Full year 2025 earnings released: JP¥304 loss per share (vs JP¥146 loss in FY 2024)Full year 2025 results: JP¥304 loss per share (further deteriorated from JP¥146 loss in FY 2024). Revenue: JP¥5.91b (down 8.5% from FY 2024). Net loss: JP¥376.0m (loss widened 108% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 109 percentage points per year, which is a significant difference in performance.공시 • Feb 17Japan Resistor Mfg. Co., Ltd., Annual General Meeting, Mar 30, 2026Japan Resistor Mfg. Co., Ltd., Annual General Meeting, Mar 30, 2026.New Risk • Jan 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (7.1% operating cash flow to total debt). Earnings have declined by 60% per year over the past 5 years. Market cap is less than US$10m (JP¥1.36b market cap, or US$8.72m). Minor Risks Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (5.7% average weekly change).Upcoming Dividend • Dec 22Upcoming dividend of JP¥15.00 per shareEligible shareholders must have bought the stock before 29 December 2025. Payment date: 31 March 2026. The company is not currently making a profit but it is cash flow positive. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%).공시 • Dec 20Japan Resistor Mfg. Co., Ltd. to Report Fiscal Year 2025 Results on Feb 13, 2026Japan Resistor Mfg. Co., Ltd. announced that they will report fiscal year 2025 results at 12:00 PM, Tokyo Standard Time on Feb 13, 2026분석 기사 • Oct 28Investors Don't See Light At End Of Japan Resistor Mfg. Co., Ltd.'s (TSE:6977) TunnelWhen you see that almost half of the companies in the Electronic industry in Japan have price-to-sales ratios (or...공시 • Sep 19Japan Resistor Mfg. Co., Ltd. to Report Q3, 2025 Results on Nov 14, 2025Japan Resistor Mfg. Co., Ltd. announced that they will report Q3, 2025 results on Nov 14, 2025Reported Earnings • Aug 15Second quarter 2025 earnings released: JP¥60.62 loss per share (vs JP¥16.98 loss in 2Q 2024)Second quarter 2025 results: JP¥60.62 loss per share (further deteriorated from JP¥16.98 loss in 2Q 2024). Revenue: JP¥1.42b (down 12% from 2Q 2024). Net loss: JP¥75.0m (loss widened 257% from 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 107 percentage points per year, which is a significant difference in performance.Upcoming Dividend • Jun 20Upcoming dividend of JP¥15.00 per shareEligible shareholders must have bought the stock before 27 June 2025. Payment date: 09 September 2025. The company is not currently making a profit and is not cash flow positive. Trailing yield: 3.5%. Lower than top quartile of Japanese dividend payers (4.0%). Higher than average of industry peers (1.9%).공시 • Jun 17Japan Resistor Mfg. Co., Ltd. to Report Q2, 2025 Results on Aug 13, 2025Japan Resistor Mfg. Co., Ltd. announced that they will report Q2, 2025 results on Aug 13, 2025Reported Earnings • May 01Full year 2024 earnings released: JP¥146 loss per share (vs JP¥67.91 profit in FY 2023)Full year 2024 results: JP¥146 loss per share (down from JP¥67.91 profit in FY 2023). Revenue: JP¥6.45b (down 10% from FY 2023). Net loss: JP¥181.0m (down 316% from profit in FY 2023). Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.분석 기사 • Apr 08Risks To Shareholder Returns Are Elevated At These Prices For Japan Resistor Mfg. Co., Ltd. (TSE:6977)With a median price-to-sales (or "P/S") ratio of close to 0.5x in the Electronic industry in Japan, you could be...공시 • Mar 18Japan Resistor Mfg. Co., Ltd. to Report Q1, 2025 Results on May 15, 2025Japan Resistor Mfg. Co., Ltd. announced that they will report Q1, 2025 results on May 15, 2025공시 • Dec 20Japan Resistor Mfg. Co., Ltd. to Report Fiscal Year 2024 Results on Feb 14, 2025Japan Resistor Mfg. Co., Ltd. announced that they will report fiscal year 2024 results on Feb 14, 2025Upcoming Dividend • Dec 20Upcoming dividend of JP¥15.00 per shareEligible shareholders must have bought the stock before 27 December 2024. Payment date: 31 March 2025. The company is not currently making a profit and is not cash flow positive. Trailing yield: 3.7%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.6%).New Risk • Nov 26New major risk - Revenue and earnings growthEarnings have declined by 1.9% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (0.5% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 1.9% per year over the past 5 years. Market cap is less than US$10m (JP¥1.07b market cap, or US$6.92m). Minor Risk Share price has been volatile over the past 3 months (6.4% average weekly change).분석 기사 • Nov 19Japan Resistor Mfg. Co., Ltd.'s (TSE:6977) Share Price Matching Investor OpinionThere wouldn't be many who think Japan Resistor Mfg. Co., Ltd.'s ( TSE:6977 ) price-to-sales (or "P/S") ratio of 0.2x...New Risk • Nov 19New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (0.5% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 371% Paying a dividend despite having no free cash flows. Market cap is less than US$10m (JP¥1.18b market cap, or US$7.63m). Minor Risks Share price has been volatile over the past 3 months (6.2% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.2% net profit margin).Valuation Update With 7 Day Price Move • Nov 19Investor sentiment improves as stock rises 16%After last week's 16% share price gain to JP¥950, the stock trades at a trailing P/E ratio of 78.4x. Average trailing P/E is 13x in the Electronic industry in Japan. Total returns to shareholders of 7.0% over the past three years.공시 • Sep 19Japan Resistor Mfg. Co., Ltd. to Report Q3, 2024 Results on Nov 14, 2024Japan Resistor Mfg. Co., Ltd. announced that they will report Q3, 2024 results on Nov 14, 2024Reported Earnings • Aug 19Second quarter 2024 earnings released: JP¥4.85 loss per share (vs JP¥22.64 profit in 2Q 2023)Second quarter 2024 results: JP¥4.85 loss per share (down from JP¥22.64 profit in 2Q 2023). Revenue: JP¥1.61b (down 9.9% from 2Q 2023). Net loss: JP¥6.00m (down 121% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Aug 06Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to JP¥809, the stock trades at a trailing P/E ratio of 20.4x. Average trailing P/E is 10x in the Electronic industry in Japan. Total loss to shareholders of 16% over the past three years.분석 기사 • Aug 06Here's Why Japan Resistor Mfg (TSE:6977) Is Weighed Down By Its Debt LoadSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...공시 • Jun 22Japan Resistor Mfg. Co., Ltd. to Report Q2, 2024 Results on Aug 14, 2024Japan Resistor Mfg. Co., Ltd. announced that they will report Q2, 2024 results on Aug 14, 2024Upcoming Dividend • Jun 20Upcoming dividend of JP¥15.00 per shareEligible shareholders must have bought the stock before 27 June 2024. Payment date: 11 September 2024. Payout ratio is on the higher end at 76% but the company is not cash flow positive. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.4%).Reported Earnings • May 20First quarter 2024 earnings released: EPS: JP¥4.85 (vs JP¥33.15 in 1Q 2023)First quarter 2024 results: EPS: JP¥4.85 (down from JP¥33.15 in 1Q 2023). Revenue: JP¥1.56b (down 14% from 1Q 2023). Net income: JP¥6.00m (down 85% from 1Q 2023). Profit margin: 0.4% (down from 2.3% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.공시 • Mar 20Japan Resistor Mfg. Co., Ltd. to Report Q1, 2024 Results on May 15, 2024Japan Resistor Mfg. Co., Ltd. announced that they will report Q1, 2024 results on May 15, 2024New Risk • Feb 17New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.2% Last year net profit margin: 1.8% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 1.5% per year over the past 5 years. Market cap is less than US$10m (JP¥1.25b market cap, or US$8.29m). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (1.2% net profit margin).공시 • Feb 16Japan Resistor Mfg. Co., Ltd., Annual General Meeting, Mar 28, 2024Japan Resistor Mfg. Co., Ltd., Annual General Meeting, Mar 28, 2024.공시 • Dec 22Japan Resistor Mfg. Co., Ltd. to Report Fiscal Year 2023 Results on Feb 14, 2024Japan Resistor Mfg. Co., Ltd. announced that they will report fiscal year 2023 results on Feb 14, 2024Upcoming Dividend • Dec 21Upcoming dividend of JP¥15.00 per share at 4.5% yieldEligible shareholders must have bought the stock before 28 December 2023. Payment date: 01 April 2024. Payout ratio is a comfortable 32% but the company is not cash flow positive. Trailing yield: 4.5%. Within top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.5%).Reported Earnings • Nov 20Third quarter 2023 earnings released: EPS: JP¥14.55 (vs JP¥17.79 in 3Q 2022)Third quarter 2023 results: EPS: JP¥14.55 (down from JP¥17.79 in 3Q 2022). Revenue: JP¥1.73b (down 12% from 3Q 2022). Net income: JP¥18.0m (down 18% from 3Q 2022). Profit margin: 1.0% (in line with 3Q 2022). Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.공시 • Sep 21Japan Resistor Mfg. Co., Ltd. to Report Q3, 2023 Results on Nov 14, 2023Japan Resistor Mfg. Co., Ltd. announced that they will report Q3, 2023 results on Nov 14, 2023Reported Earnings • Aug 12Second quarter 2023 earnings released: EPS: JP¥22.62 (vs JP¥0.81 in 2Q 2022)Second quarter 2023 results: EPS: JP¥22.62 (up from JP¥0.81 in 2Q 2022). Revenue: JP¥1.78b (up 14% from 2Q 2022). Net income: JP¥28.0m (up JP¥27.0m from 2Q 2022). Profit margin: 1.6% (up from 0.1% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.공시 • Jun 22Japan Resistor Mfg. Co., Ltd. to Report Q2, 2023 Results on Aug 10, 2023Japan Resistor Mfg. Co., Ltd. announced that they will report Q2, 2023 results on Aug 10, 2023Upcoming Dividend • Jun 22Upcoming dividend of JP¥15.00 per share at 2.7% yieldEligible shareholders must have bought the stock before 29 June 2023. Payment date: 12 September 2023. Payout ratio is a comfortable 37% but the company is not cash flow positive. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.4%).Reported Earnings • May 17First quarter 2023 earnings released: EPS: JP¥33.14 (vs JP¥17.79 in 1Q 2022)First quarter 2023 results: EPS: JP¥33.14 (up from JP¥17.79 in 1Q 2022). Revenue: JP¥1.81b (up 9.7% from 1Q 2022). Net income: JP¥41.0m (up 86% from 1Q 2022). Profit margin: 2.3% (up from 1.3% in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.Reported Earnings • Feb 18Full year 2022 earnings released: EPS: JP¥107 (vs JP¥39.61 in FY 2021)Full year 2022 results: EPS: JP¥107 (up from JP¥39.61 in FY 2021). Revenue: JP¥7.20b (up 17% from FY 2021). Net income: JP¥133.0m (up 171% from FY 2021). Profit margin: 1.8% (up from 0.8% in FY 2021). Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has remained flat.공시 • Dec 22Japan Resistor Mfg. Co., Ltd. to Report Fiscal Year 2022 Results on Feb 14, 2023Japan Resistor Mfg. Co., Ltd. announced that they will report fiscal year 2022 results on Feb 14, 2023Upcoming Dividend • Dec 22Upcoming dividend of JP¥15.00 per shareEligible shareholders must have bought the stock before 29 December 2022. Payment date: 31 March 2023. Payout ratio is a comfortable 48% but the company is not cash flow positive. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.8%).Reported Earnings • Nov 17Third quarter 2022 earnings released: EPS: JP¥17.77 (vs JP¥3.23 in 3Q 2021)Third quarter 2022 results: EPS: JP¥17.77 (up from JP¥3.23 in 3Q 2021). Revenue: JP¥1.96b (up 29% from 3Q 2021). Net income: JP¥22.0m (up 450% from 3Q 2021). Profit margin: 1.1% (up from 0.3% in 3Q 2021). 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 1% per year, which means it has not declined as severely as earnings.Board Change • Nov 16No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 6 highly experienced directors. No independent directors (6 non-independent directors). External Auditor Takeshi Ishizaki was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.공시 • Sep 18Japan Resistor Mfg. Co., Ltd. to Report Q3, 2022 Results on Nov 14, 2022Japan Resistor Mfg. Co., Ltd. announced that they will report Q3, 2022 results on Nov 14, 2022Valuation Update With 7 Day Price Move • Aug 29Investor sentiment improved over the past weekAfter last week's 24% share price gain to JP¥1,188, the stock trades at a trailing P/E ratio of 24.9x. Average trailing P/E is 12x in the Electronic industry in Japan. Total returns to shareholders of 34% over the past three years.Reported Earnings • Aug 14Second quarter 2022 earnings released: EPS: JP¥0.81 (vs JP¥2.43 loss in 2Q 2021)Second quarter 2022 results: EPS: JP¥0.81 (up from JP¥2.43 loss in 2Q 2021). Revenue: JP¥1.57b (up 1.7% from 2Q 2021). Net income: JP¥1.00m (up JP¥4.00m from 2Q 2021). Profit margin: 0.1% (up from net loss in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.공시 • Jun 22Japan Resistor Mfg. Co., Ltd. to Report Q2, 2022 Results on Aug 12, 2022Japan Resistor Mfg. Co., Ltd. announced that they will report Q2, 2022 results on Aug 12, 2022Reported Earnings • May 19First quarter 2022 earnings released: EPS: JP¥17.78 (vs JP¥12.94 in 1Q 2021)First quarter 2022 results: EPS: JP¥17.78 (up from JP¥12.94 in 1Q 2021). Revenue: JP¥1.65b (up 14% from 1Q 2021). Net income: JP¥22.0m (up 38% from 1Q 2021). Profit margin: 1.3% (up from 1.1% 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 57% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.Board Change • Apr 27No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 6 highly experienced directors. No independent directors (6 non-independent directors). External Auditor Takeshi Ishizaki was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.공시 • Apr 08Japan Resistor Mfg. Co., Ltd. to Report Q1, 2022 Results on May 13, 2022Japan Resistor Mfg. Co., Ltd. announced that they will report Q1, 2022 results on May 13, 2022Reported Earnings • Feb 13Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: JP¥39.60 (up from JP¥30.70 in FY 2020). Revenue: JP¥6.19b (up 12% from FY 2020). Net income: JP¥49.0m (up 29% from FY 2020). Profit margin: 0.8% (up from 0.7% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance.공시 • Feb 12Japan Resistor Mfg. Co., Ltd., Annual General Meeting, Mar 30, 2022Japan Resistor Mfg. Co., Ltd., Annual General Meeting, Mar 30, 2022.Upcoming Dividend • Dec 22Upcoming dividend of JP¥25.00 per shareEligible shareholders must have bought the stock before 29 December 2021. Payment date: 31 March 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.1%).Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS JP¥3.23 (vs JP¥20.19 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥1.52b (up 28% from 3Q 2020). Net income: JP¥4.00m (up JP¥29.0m from 3Q 2020). Profit margin: 0.3% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance.Reported Earnings • Apr 06Full year 2020 earnings released: EPS JP¥30.71 (vs JP¥67.04 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥5.54b (down 10% from FY 2019). Net income: JP¥38.0m (down 54% from FY 2019). Profit margin: 0.7% (down from 1.3% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.공시 • Mar 21Japan Resistor Mfg. Co., Ltd. to Report Q1, 2021 Results on May 14, 2021Japan Resistor Mfg. Co., Ltd. announced that they will report Q1, 2021 results on May 14, 2021공시 • Feb 16Japan Resistor Mfg. Co., Ltd., Annual General Meeting, Mar 30, 2021Japan Resistor Mfg. Co., Ltd., Annual General Meeting, Mar 30, 2021.Reported Earnings • Feb 14Full year 2020 earnings released: EPS JP¥30.71 (vs JP¥67.04 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥5.54b (down 10% from FY 2019). Net income: JP¥38.0m (down 54% from FY 2019). Profit margin: 0.7% (down from 1.3% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.공시 • Dec 19Japan Resistor Mfg. Co., Ltd. to Report Fiscal Year 2020 Results on Feb 12, 2021Japan Resistor Mfg. Co., Ltd. announced that they will report fiscal year 2020 results on Feb 12, 2021Valuation Update With 7 Day Price Move • Dec 08Market pulls back on stock over the past weekAfter last week's 20% share price decline to JP¥1,012, the stock is trading at a trailing P/E ratio of 19.9x, down from the previous P/E ratio of 24.8x. This compares to an average P/E of 18x in the Electronic industry in Japan. Total return to shareholders over the past three years is a loss of 24%.Is New 90 Day High Low • Dec 01New 90-day high: JP¥1,260The company is up 31% from its price of JP¥965 on 02 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 20% over the same period.Valuation Update With 7 Day Price Move • Dec 01Market bids up stock over the past weekAfter last week's 47% share price gain to JP¥1,260, the stock is trading at a trailing P/E ratio of 24.8x, up from the previous P/E ratio of 16.9x. This compares to an average P/E of 18x in the Electronic industry in Japan. Total return to shareholders over the past three years is a loss of 11%.공시 • Jun 21Japan Resistor Mfg. Co., Ltd. to Report Q2, 2020 Results on Aug 14, 2020Japan Resistor Mfg. Co., Ltd. announced that they will report Q2, 2020 results on Aug 14, 2020매출 및 비용 세부 내역Japan Resistor Mfg가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이TSE:6977 매출, 비용 및 순이익 (JPY Millions)날짜매출순이익일반관리비연구개발비31 Mar 265,970-3141,357031 Dec 255,905-3761,340030 Sep 255,907-3091,338030 Jun 256,024-3531,369031 Mar 256,210-2991,404031 Dec 246,454-1811,406030 Sep 246,569-1241,410030 Jun 246,743-191,412031 Mar 246,919171,392031 Dec 237,166511,405030 Sep 237,3561361,403030 Jun 237,5821371,386031 Mar 237,3661151,353031 Dec 227,206791,337030 Sep 226,852241,324030 Jun 226,413131,291031 Mar 226,387141,288031 Dec 216,193301,253030 Sep 215,93261,195030 Jun 215,595-251,177031 Mar 215,569101,168031 Dec 205,543221,184030 Sep 205,726521,220030 Jun 206,016931,249031 Mar 206,051791,247031 Dec 196,179681,251030 Sep 196,139801,250030 Jun 196,3221201,282031 Mar 196,5721671,293031 Dec 186,7522001,292030 Sep 186,9432211,273030 Jun 186,7892031,209031 Mar 186,3321721,163031 Dec 175,8631101,134030 Sep 175,6091061,149030 Jun 175,329921,131031 Mar 175,209671,148031 Dec 165,135311,148030 Sep 165,070-261,152030 Jun 165,166-411,180031 Mar 165,329-541,185031 Dec 155,508-321,218030 Sep 155,581-291,246030 Jun 155,785-111,2790양질의 수익: 6977 은(는) 현재 수익성이 없습니다.이익 마진 증가: 6977는 현재 수익성이 없습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: 6977은 수익성이 없으며 지난 5년 동안 손실이 연평균 64.7% 증가했습니다.성장 가속화: 현재 수익성이 없어 지난 1년간 6977의 수익 성장률을 5년 평균과 비교할 수 없습니다.수익 대 산업: 6977은 수익성이 없어 지난 해 수익 성장률을 Electronic 업계(15.2%)와 비교하기 어렵습니다.자기자본이익률높은 ROE: 6977는 현재 수익성이 없으므로 자본 수익률이 음수(-16.04%)입니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YTech 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/06/24 00:28종가2026/06/24 00:00수익2026/03/31연간 수익2025/12/31데이터 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 모델에 대한 세부 정보는 당사의 Github 페이지에서 확인하실 수 있으며, 보고서 활용 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 소스Japan Resistor Mfg. Co., Ltd.는 1명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Licheng ZhuangCapital Securities Corporation
공시 • Jun 21Japan Resistor Mfg. Co., Ltd. to Report Q2, 2026 Results on Aug 14, 2026Japan Resistor Mfg. Co., Ltd. announced that they will report Q2, 2026 results on Aug 14, 2026
Reported Earnings • May 20First quarter 2026 earnings released: JP¥46.07 loss per share (vs JP¥96.19 loss in 1Q 2025)First quarter 2026 results: JP¥46.07 loss per share (improved from JP¥96.19 loss in 1Q 2025). Revenue: JP¥1.38b (up 4.9% from 1Q 2025). Net loss: JP¥57.0m (loss narrowed 52% from 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 104 percentage points per year, which is a significant difference in performance.
Reported Earnings • Feb 18Full year 2025 earnings released: JP¥304 loss per share (vs JP¥146 loss in FY 2024)Full year 2025 results: JP¥304 loss per share (further deteriorated from JP¥146 loss in FY 2024). Revenue: JP¥5.91b (down 8.5% from FY 2024). Net loss: JP¥376.0m (loss widened 108% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 109 percentage points per year, which is a significant difference in performance.
공시 • Dec 20Japan Resistor Mfg. Co., Ltd. to Report Fiscal Year 2025 Results on Feb 13, 2026Japan Resistor Mfg. Co., Ltd. announced that they will report fiscal year 2025 results at 12:00 PM, Tokyo Standard Time on Feb 13, 2026
공시 • Sep 19Japan Resistor Mfg. Co., Ltd. to Report Q3, 2025 Results on Nov 14, 2025Japan Resistor Mfg. Co., Ltd. announced that they will report Q3, 2025 results on Nov 14, 2025
Reported Earnings • Aug 15Second quarter 2025 earnings released: JP¥60.62 loss per share (vs JP¥16.98 loss in 2Q 2024)Second quarter 2025 results: JP¥60.62 loss per share (further deteriorated from JP¥16.98 loss in 2Q 2024). Revenue: JP¥1.42b (down 12% from 2Q 2024). Net loss: JP¥75.0m (loss widened 257% from 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 107 percentage points per year, which is a significant difference in performance.
Upcoming Dividend • Jun 22Upcoming dividend of JP¥15.00 per shareEligible shareholders must have bought the stock before 29 June 2026. Payment date: 08 September 2026. The company is not currently making a profit but it is cash flow positive. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.9%). Higher than average of industry peers (1.0%).
공시 • Jun 21Japan Resistor Mfg. Co., Ltd. to Report Q2, 2026 Results on Aug 14, 2026Japan Resistor Mfg. Co., Ltd. announced that they will report Q2, 2026 results on Aug 14, 2026
New Risk • May 28New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 9.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (5.3% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (9.8% average weekly change). Earnings have declined by 65% per year over the past 5 years. Minor Risks Paying a dividend despite being loss-making. Market cap is less than US$100m (JP¥1.64b market cap, or US$10.3m).
Reported Earnings • May 20First quarter 2026 earnings released: JP¥46.07 loss per share (vs JP¥96.19 loss in 1Q 2025)First quarter 2026 results: JP¥46.07 loss per share (improved from JP¥96.19 loss in 1Q 2025). Revenue: JP¥1.38b (up 4.9% from 1Q 2025). Net loss: JP¥57.0m (loss narrowed 52% from 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 104 percentage points per year, which is a significant difference in performance.
Buy Or Sell Opportunity • Mar 03Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 3.2% to JP¥935. The fair value is estimated to be JP¥1,182, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.7% over the last 3 years. Meanwhile, the company became loss making.
Reported Earnings • Feb 18Full year 2025 earnings released: JP¥304 loss per share (vs JP¥146 loss in FY 2024)Full year 2025 results: JP¥304 loss per share (further deteriorated from JP¥146 loss in FY 2024). Revenue: JP¥5.91b (down 8.5% from FY 2024). Net loss: JP¥376.0m (loss widened 108% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 109 percentage points per year, which is a significant difference in performance.
공시 • Feb 17Japan Resistor Mfg. Co., Ltd., Annual General Meeting, Mar 30, 2026Japan Resistor Mfg. Co., Ltd., Annual General Meeting, Mar 30, 2026.
New Risk • Jan 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (7.1% operating cash flow to total debt). Earnings have declined by 60% per year over the past 5 years. Market cap is less than US$10m (JP¥1.36b market cap, or US$8.72m). Minor Risks Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (5.7% average weekly change).
Upcoming Dividend • Dec 22Upcoming dividend of JP¥15.00 per shareEligible shareholders must have bought the stock before 29 December 2025. Payment date: 31 March 2026. The company is not currently making a profit but it is cash flow positive. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%).
공시 • Dec 20Japan Resistor Mfg. Co., Ltd. to Report Fiscal Year 2025 Results on Feb 13, 2026Japan Resistor Mfg. Co., Ltd. announced that they will report fiscal year 2025 results at 12:00 PM, Tokyo Standard Time on Feb 13, 2026
분석 기사 • Oct 28Investors Don't See Light At End Of Japan Resistor Mfg. Co., Ltd.'s (TSE:6977) TunnelWhen you see that almost half of the companies in the Electronic industry in Japan have price-to-sales ratios (or...
공시 • Sep 19Japan Resistor Mfg. Co., Ltd. to Report Q3, 2025 Results on Nov 14, 2025Japan Resistor Mfg. Co., Ltd. announced that they will report Q3, 2025 results on Nov 14, 2025
Reported Earnings • Aug 15Second quarter 2025 earnings released: JP¥60.62 loss per share (vs JP¥16.98 loss in 2Q 2024)Second quarter 2025 results: JP¥60.62 loss per share (further deteriorated from JP¥16.98 loss in 2Q 2024). Revenue: JP¥1.42b (down 12% from 2Q 2024). Net loss: JP¥75.0m (loss widened 257% from 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 107 percentage points per year, which is a significant difference in performance.
Upcoming Dividend • Jun 20Upcoming dividend of JP¥15.00 per shareEligible shareholders must have bought the stock before 27 June 2025. Payment date: 09 September 2025. The company is not currently making a profit and is not cash flow positive. Trailing yield: 3.5%. Lower than top quartile of Japanese dividend payers (4.0%). Higher than average of industry peers (1.9%).
공시 • Jun 17Japan Resistor Mfg. Co., Ltd. to Report Q2, 2025 Results on Aug 13, 2025Japan Resistor Mfg. Co., Ltd. announced that they will report Q2, 2025 results on Aug 13, 2025
Reported Earnings • May 01Full year 2024 earnings released: JP¥146 loss per share (vs JP¥67.91 profit in FY 2023)Full year 2024 results: JP¥146 loss per share (down from JP¥67.91 profit in FY 2023). Revenue: JP¥6.45b (down 10% from FY 2023). Net loss: JP¥181.0m (down 316% from profit in FY 2023). Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.
분석 기사 • Apr 08Risks To Shareholder Returns Are Elevated At These Prices For Japan Resistor Mfg. Co., Ltd. (TSE:6977)With a median price-to-sales (or "P/S") ratio of close to 0.5x in the Electronic industry in Japan, you could be...
공시 • Mar 18Japan Resistor Mfg. Co., Ltd. to Report Q1, 2025 Results on May 15, 2025Japan Resistor Mfg. Co., Ltd. announced that they will report Q1, 2025 results on May 15, 2025
공시 • Dec 20Japan Resistor Mfg. Co., Ltd. to Report Fiscal Year 2024 Results on Feb 14, 2025Japan Resistor Mfg. Co., Ltd. announced that they will report fiscal year 2024 results on Feb 14, 2025
Upcoming Dividend • Dec 20Upcoming dividend of JP¥15.00 per shareEligible shareholders must have bought the stock before 27 December 2024. Payment date: 31 March 2025. The company is not currently making a profit and is not cash flow positive. Trailing yield: 3.7%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.6%).
New Risk • Nov 26New major risk - Revenue and earnings growthEarnings have declined by 1.9% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (0.5% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 1.9% per year over the past 5 years. Market cap is less than US$10m (JP¥1.07b market cap, or US$6.92m). Minor Risk Share price has been volatile over the past 3 months (6.4% average weekly change).
분석 기사 • Nov 19Japan Resistor Mfg. Co., Ltd.'s (TSE:6977) Share Price Matching Investor OpinionThere wouldn't be many who think Japan Resistor Mfg. Co., Ltd.'s ( TSE:6977 ) price-to-sales (or "P/S") ratio of 0.2x...
New Risk • Nov 19New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (0.5% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 371% Paying a dividend despite having no free cash flows. Market cap is less than US$10m (JP¥1.18b market cap, or US$7.63m). Minor Risks Share price has been volatile over the past 3 months (6.2% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.2% net profit margin).
Valuation Update With 7 Day Price Move • Nov 19Investor sentiment improves as stock rises 16%After last week's 16% share price gain to JP¥950, the stock trades at a trailing P/E ratio of 78.4x. Average trailing P/E is 13x in the Electronic industry in Japan. Total returns to shareholders of 7.0% over the past three years.
공시 • Sep 19Japan Resistor Mfg. Co., Ltd. to Report Q3, 2024 Results on Nov 14, 2024Japan Resistor Mfg. Co., Ltd. announced that they will report Q3, 2024 results on Nov 14, 2024
Reported Earnings • Aug 19Second quarter 2024 earnings released: JP¥4.85 loss per share (vs JP¥22.64 profit in 2Q 2023)Second quarter 2024 results: JP¥4.85 loss per share (down from JP¥22.64 profit in 2Q 2023). Revenue: JP¥1.61b (down 9.9% from 2Q 2023). Net loss: JP¥6.00m (down 121% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Aug 06Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to JP¥809, the stock trades at a trailing P/E ratio of 20.4x. Average trailing P/E is 10x in the Electronic industry in Japan. Total loss to shareholders of 16% over the past three years.
분석 기사 • Aug 06Here's Why Japan Resistor Mfg (TSE:6977) Is Weighed Down By Its Debt LoadSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
공시 • Jun 22Japan Resistor Mfg. Co., Ltd. to Report Q2, 2024 Results on Aug 14, 2024Japan Resistor Mfg. Co., Ltd. announced that they will report Q2, 2024 results on Aug 14, 2024
Upcoming Dividend • Jun 20Upcoming dividend of JP¥15.00 per shareEligible shareholders must have bought the stock before 27 June 2024. Payment date: 11 September 2024. Payout ratio is on the higher end at 76% but the company is not cash flow positive. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.4%).
Reported Earnings • May 20First quarter 2024 earnings released: EPS: JP¥4.85 (vs JP¥33.15 in 1Q 2023)First quarter 2024 results: EPS: JP¥4.85 (down from JP¥33.15 in 1Q 2023). Revenue: JP¥1.56b (down 14% from 1Q 2023). Net income: JP¥6.00m (down 85% from 1Q 2023). Profit margin: 0.4% (down from 2.3% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
공시 • Mar 20Japan Resistor Mfg. Co., Ltd. to Report Q1, 2024 Results on May 15, 2024Japan Resistor Mfg. Co., Ltd. announced that they will report Q1, 2024 results on May 15, 2024
New Risk • Feb 17New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.2% Last year net profit margin: 1.8% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 1.5% per year over the past 5 years. Market cap is less than US$10m (JP¥1.25b market cap, or US$8.29m). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (1.2% net profit margin).
공시 • Feb 16Japan Resistor Mfg. Co., Ltd., Annual General Meeting, Mar 28, 2024Japan Resistor Mfg. Co., Ltd., Annual General Meeting, Mar 28, 2024.
공시 • Dec 22Japan Resistor Mfg. Co., Ltd. to Report Fiscal Year 2023 Results on Feb 14, 2024Japan Resistor Mfg. Co., Ltd. announced that they will report fiscal year 2023 results on Feb 14, 2024
Upcoming Dividend • Dec 21Upcoming dividend of JP¥15.00 per share at 4.5% yieldEligible shareholders must have bought the stock before 28 December 2023. Payment date: 01 April 2024. Payout ratio is a comfortable 32% but the company is not cash flow positive. Trailing yield: 4.5%. Within top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.5%).
Reported Earnings • Nov 20Third quarter 2023 earnings released: EPS: JP¥14.55 (vs JP¥17.79 in 3Q 2022)Third quarter 2023 results: EPS: JP¥14.55 (down from JP¥17.79 in 3Q 2022). Revenue: JP¥1.73b (down 12% from 3Q 2022). Net income: JP¥18.0m (down 18% from 3Q 2022). Profit margin: 1.0% (in line with 3Q 2022). Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
공시 • Sep 21Japan Resistor Mfg. Co., Ltd. to Report Q3, 2023 Results on Nov 14, 2023Japan Resistor Mfg. Co., Ltd. announced that they will report Q3, 2023 results on Nov 14, 2023
Reported Earnings • Aug 12Second quarter 2023 earnings released: EPS: JP¥22.62 (vs JP¥0.81 in 2Q 2022)Second quarter 2023 results: EPS: JP¥22.62 (up from JP¥0.81 in 2Q 2022). Revenue: JP¥1.78b (up 14% from 2Q 2022). Net income: JP¥28.0m (up JP¥27.0m from 2Q 2022). Profit margin: 1.6% (up from 0.1% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
공시 • Jun 22Japan Resistor Mfg. Co., Ltd. to Report Q2, 2023 Results on Aug 10, 2023Japan Resistor Mfg. Co., Ltd. announced that they will report Q2, 2023 results on Aug 10, 2023
Upcoming Dividend • Jun 22Upcoming dividend of JP¥15.00 per share at 2.7% yieldEligible shareholders must have bought the stock before 29 June 2023. Payment date: 12 September 2023. Payout ratio is a comfortable 37% but the company is not cash flow positive. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.4%).
Reported Earnings • May 17First quarter 2023 earnings released: EPS: JP¥33.14 (vs JP¥17.79 in 1Q 2022)First quarter 2023 results: EPS: JP¥33.14 (up from JP¥17.79 in 1Q 2022). Revenue: JP¥1.81b (up 9.7% from 1Q 2022). Net income: JP¥41.0m (up 86% from 1Q 2022). Profit margin: 2.3% (up from 1.3% in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Feb 18Full year 2022 earnings released: EPS: JP¥107 (vs JP¥39.61 in FY 2021)Full year 2022 results: EPS: JP¥107 (up from JP¥39.61 in FY 2021). Revenue: JP¥7.20b (up 17% from FY 2021). Net income: JP¥133.0m (up 171% from FY 2021). Profit margin: 1.8% (up from 0.8% in FY 2021). Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has remained flat.
공시 • Dec 22Japan Resistor Mfg. Co., Ltd. to Report Fiscal Year 2022 Results on Feb 14, 2023Japan Resistor Mfg. Co., Ltd. announced that they will report fiscal year 2022 results on Feb 14, 2023
Upcoming Dividend • Dec 22Upcoming dividend of JP¥15.00 per shareEligible shareholders must have bought the stock before 29 December 2022. Payment date: 31 March 2023. Payout ratio is a comfortable 48% but the company is not cash flow positive. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.8%).
Reported Earnings • Nov 17Third quarter 2022 earnings released: EPS: JP¥17.77 (vs JP¥3.23 in 3Q 2021)Third quarter 2022 results: EPS: JP¥17.77 (up from JP¥3.23 in 3Q 2021). Revenue: JP¥1.96b (up 29% from 3Q 2021). Net income: JP¥22.0m (up 450% from 3Q 2021). Profit margin: 1.1% (up from 0.3% in 3Q 2021). 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 1% per year, which means it has not declined as severely as earnings.
Board Change • Nov 16No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 6 highly experienced directors. No independent directors (6 non-independent directors). External Auditor Takeshi Ishizaki was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
공시 • Sep 18Japan Resistor Mfg. Co., Ltd. to Report Q3, 2022 Results on Nov 14, 2022Japan Resistor Mfg. Co., Ltd. announced that they will report Q3, 2022 results on Nov 14, 2022
Valuation Update With 7 Day Price Move • Aug 29Investor sentiment improved over the past weekAfter last week's 24% share price gain to JP¥1,188, the stock trades at a trailing P/E ratio of 24.9x. Average trailing P/E is 12x in the Electronic industry in Japan. Total returns to shareholders of 34% over the past three years.
Reported Earnings • Aug 14Second quarter 2022 earnings released: EPS: JP¥0.81 (vs JP¥2.43 loss in 2Q 2021)Second quarter 2022 results: EPS: JP¥0.81 (up from JP¥2.43 loss in 2Q 2021). Revenue: JP¥1.57b (up 1.7% from 2Q 2021). Net income: JP¥1.00m (up JP¥4.00m from 2Q 2021). Profit margin: 0.1% (up from net loss in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.
공시 • Jun 22Japan Resistor Mfg. Co., Ltd. to Report Q2, 2022 Results on Aug 12, 2022Japan Resistor Mfg. Co., Ltd. announced that they will report Q2, 2022 results on Aug 12, 2022
Reported Earnings • May 19First quarter 2022 earnings released: EPS: JP¥17.78 (vs JP¥12.94 in 1Q 2021)First quarter 2022 results: EPS: JP¥17.78 (up from JP¥12.94 in 1Q 2021). Revenue: JP¥1.65b (up 14% from 1Q 2021). Net income: JP¥22.0m (up 38% from 1Q 2021). Profit margin: 1.3% (up from 1.1% 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 57% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.
Board Change • Apr 27No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 6 highly experienced directors. No independent directors (6 non-independent directors). External Auditor Takeshi Ishizaki was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
공시 • Apr 08Japan Resistor Mfg. Co., Ltd. to Report Q1, 2022 Results on May 13, 2022Japan Resistor Mfg. Co., Ltd. announced that they will report Q1, 2022 results on May 13, 2022
Reported Earnings • Feb 13Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: JP¥39.60 (up from JP¥30.70 in FY 2020). Revenue: JP¥6.19b (up 12% from FY 2020). Net income: JP¥49.0m (up 29% from FY 2020). Profit margin: 0.8% (up from 0.7% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance.
공시 • Feb 12Japan Resistor Mfg. Co., Ltd., Annual General Meeting, Mar 30, 2022Japan Resistor Mfg. Co., Ltd., Annual General Meeting, Mar 30, 2022.
Upcoming Dividend • Dec 22Upcoming dividend of JP¥25.00 per shareEligible shareholders must have bought the stock before 29 December 2021. Payment date: 31 March 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.1%).
Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS JP¥3.23 (vs JP¥20.19 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥1.52b (up 28% from 3Q 2020). Net income: JP¥4.00m (up JP¥29.0m from 3Q 2020). Profit margin: 0.3% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance.
Reported Earnings • Apr 06Full year 2020 earnings released: EPS JP¥30.71 (vs JP¥67.04 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥5.54b (down 10% from FY 2019). Net income: JP¥38.0m (down 54% from FY 2019). Profit margin: 0.7% (down from 1.3% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.
공시 • Mar 21Japan Resistor Mfg. Co., Ltd. to Report Q1, 2021 Results on May 14, 2021Japan Resistor Mfg. Co., Ltd. announced that they will report Q1, 2021 results on May 14, 2021
공시 • Feb 16Japan Resistor Mfg. Co., Ltd., Annual General Meeting, Mar 30, 2021Japan Resistor Mfg. Co., Ltd., Annual General Meeting, Mar 30, 2021.
Reported Earnings • Feb 14Full year 2020 earnings released: EPS JP¥30.71 (vs JP¥67.04 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥5.54b (down 10% from FY 2019). Net income: JP¥38.0m (down 54% from FY 2019). Profit margin: 0.7% (down from 1.3% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.
공시 • Dec 19Japan Resistor Mfg. Co., Ltd. to Report Fiscal Year 2020 Results on Feb 12, 2021Japan Resistor Mfg. Co., Ltd. announced that they will report fiscal year 2020 results on Feb 12, 2021
Valuation Update With 7 Day Price Move • Dec 08Market pulls back on stock over the past weekAfter last week's 20% share price decline to JP¥1,012, the stock is trading at a trailing P/E ratio of 19.9x, down from the previous P/E ratio of 24.8x. This compares to an average P/E of 18x in the Electronic industry in Japan. Total return to shareholders over the past three years is a loss of 24%.
Is New 90 Day High Low • Dec 01New 90-day high: JP¥1,260The company is up 31% from its price of JP¥965 on 02 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 20% over the same period.
Valuation Update With 7 Day Price Move • Dec 01Market bids up stock over the past weekAfter last week's 47% share price gain to JP¥1,260, the stock is trading at a trailing P/E ratio of 24.8x, up from the previous P/E ratio of 16.9x. This compares to an average P/E of 18x in the Electronic industry in Japan. Total return to shareholders over the past three years is a loss of 11%.
공시 • Jun 21Japan Resistor Mfg. Co., Ltd. to Report Q2, 2020 Results on Aug 14, 2020Japan Resistor Mfg. Co., Ltd. announced that they will report Q2, 2020 results on Aug 14, 2020