TSE:4635Chemicals
Tokyo Printing Ink Mfg (TSE:4635) Stock Rises On Profit Strength Yet Cash Questions Linger
The market has treated Tokyo Printing Ink Mfg like a quietly reliable compounder, yet the latest move in the ¥1,978 stock now has to be weighed against a very punchy Q1 print. Basic earnings per share of ¥81.55 on revenue of ¥13,347m keep the profit story front and center. The trailing P/E of 10.1x still sits below the broader chemicals peer group, but a large ¥720m one off gain in the last 12 months and dividends not comfortably backed by free cash flow mean the quality of that profit is the...