TSE:7984Commercial Services
Kokuyo (TSE:7984) Stock Premium Hinges On Cash Flow Backing
Kokuyo stock came into this earnings print with a solid tailwind, up about 12% over the past month, and trading on a premium P/E of roughly 17x versus its commercial services peers. The immediate question for you now is whether today’s office and stationery earnings justify that richer multiple.
The headline is not the quarterly revenue line. It is the tension between steady trailing twelve month earnings of ¥22,358 million, only modest growth forecasts ahead and a dividend yield near 2.7%...