TSE:5310Electrical
Toyo Tanso (TSE:5310) Margin Squeeze Clouds Double Digit Earnings Growth
Toyo Tanso stock came into this earnings print priced for tension, trading at ¥7,220 and sitting on a rich 34x P/E despite a thinner 9.8% trailing net margin. The headline today is not the share price. It is the profit squeeze that now sits between the current growth forecasts and a balance sheet investors still need to justify at this valuation.
Quarterly numbers show revenue of ¥11,794m and basic earnings per share of ¥50.92. The key issue from here is whether Toyo Tanso can translate the...