Buy Or Sell Opportunity • Aug 04
Now 31% overvalued after recent price rise Over the last 90 days, the stock has risen 107% to JP¥31,150. The fair value is estimated to be JP¥23,859, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Earnings per share has grown by 71%. Reported Earnings • Jul 31
First quarter 2027 earnings released: EPS: JP¥2,135 (vs JP¥187 in 1Q 2026) First quarter 2027 results: EPS: JP¥2,135 (up from JP¥187 in 1Q 2026). Revenue: JP¥395.6b (up 286% from 1Q 2026). Net income: JP¥14.5b (up JP¥13.3b from 1Q 2026). Profit margin: 3.7% (up from 1.2% in 1Q 2026). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 62% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 29
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥14,120, the stock trades at a trailing P/E ratio of 9.6x. Average trailing P/E is 15x in the Electronic industry in Japan. Total returns to shareholders of 217% over the past three years. Valuation Update With 7 Day Price Move • Jun 22
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to JP¥17,900, the stock trades at a trailing P/E ratio of 12.2x. Average trailing P/E is 17x in the Electronic industry in Japan. Total returns to shareholders of 304% over the past three years. Reported Earnings • Apr 25
Full year 2026 earnings released: EPS: JP¥1,473 (vs JP¥822 in FY 2025) Full year 2026 results: EPS: JP¥1,473 (up from JP¥822 in FY 2025). Revenue: JP¥633.7b (up 50% from FY 2025). Net income: JP¥10.0b (up 79% from FY 2025). Profit margin: 1.6% (up from 1.3% in FY 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 43% per year whereas the company’s share price has increased by 38% per year. Aankondiging • Apr 24
Tomen Devices Corporation, Annual General Meeting, Jun 29, 2026 Tomen Devices Corporation, Annual General Meeting, Jun 29, 2026. Valuation Update With 7 Day Price Move • Apr 24
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to JP¥14,370, the stock trades at a trailing P/E ratio of 12x. Average trailing P/E is 17x in the Electronic industry in Japan. Total returns to shareholders of 189% over the past three years. Aankondiging • Apr 21
Tomen Devices Corporation to Report Fiscal Year 2026 Results on Apr 24, 2026 Tomen Devices Corporation announced that they will report fiscal year 2026 results on Apr 24, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥430 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 29 June 2026. Payout ratio is a comfortable 25% but the company is not cash flow positive. Trailing yield: 3.5%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%). Reported Earnings • Jan 30
Third quarter 2026 earnings released: EPS: JP¥377 (vs JP¥107 in 3Q 2025) Third quarter 2026 results: EPS: JP¥377 (up from JP¥107 in 3Q 2025). Revenue: JP¥151.3b (up 51% from 3Q 2025). Net income: JP¥2.56b (up 251% from 3Q 2025). Profit margin: 1.7% (up from 0.7% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jan 29
Investor sentiment deteriorates as stock falls 24% After last week's 24% share price decline to JP¥11,210, the stock trades at a trailing P/E ratio of 12x. Average trailing P/E is 15x in the Electronic industry in Japan. Total returns to shareholders of 104% over the past three years. Aankondiging • Dec 27
Tomen Devices Corporation to Report Q3, 2026 Results on Jan 29, 2026 Tomen Devices Corporation announced that they will report Q3, 2026 results on Jan 29, 2026 Declared Dividend • Nov 01
Dividend of JP¥300 announced Shareholders will receive a dividend of JP¥300. Ex-date: 30th March 2026 Payment date: 29th June 2026 Dividend yield will be 3.2%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (32% earnings payout ratio) and cash flows (19% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 15% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Oct 31
Second quarter 2026 earnings released: EPS: JP¥516 (vs JP¥365 in 2Q 2025) Second quarter 2026 results: EPS: JP¥516 (up from JP¥365 in 2Q 2025). Revenue: JP¥140.7b (up 35% from 2Q 2025). Net income: JP¥3.51b (up 41% from 2Q 2025). Profit margin: 2.5% (up from 2.4% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 22% per year. Valuation Update With 7 Day Price Move • Oct 30
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to JP¥9,400, the stock trades at a trailing P/E ratio of 12x. Average trailing P/E is 15x in the Electronic industry in Japan. Total returns to shareholders of 104% over the past three years. New Risk • Oct 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.1% 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 Risk Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.1% average weekly change). Aankondiging • Sep 03
Tomen Devices Corporation to Report Q2, 2026 Results on Oct 30, 2025 Tomen Devices Corporation announced that they will report Q2, 2026 results on Oct 30, 2025 Reported Earnings • Jul 30
First quarter 2026 earnings released: EPS: JP¥187 (vs JP¥226 in 1Q 2025) First quarter 2026 results: EPS: JP¥187 (down from JP¥226 in 1Q 2025). Revenue: JP¥102.4b (flat on 1Q 2025). Net income: JP¥1.27b (down 18% from 1Q 2025). Profit margin: 1.2% (down from 1.5% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 3% per year. Reported Earnings • Jun 27
Full year 2025 earnings released: EPS: JP¥822 (vs JP¥308 in FY 2024) Full year 2025 results: EPS: JP¥822 (up from JP¥308 in FY 2024). Revenue: JP¥421.7b (up 14% from FY 2024). Net income: JP¥5.59b (up 167% from FY 2024). Profit margin: 1.3% (up from 0.6% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Aankondiging • Jun 03
Tomen Devices Corporation to Report Q1, 2026 Results on Jul 29, 2025 Tomen Devices Corporation announced that they will report Q1, 2026 results on Jul 29, 2025 Reported Earnings • Apr 25
Full year 2025 earnings released: EPS: JP¥822 (vs JP¥308 in FY 2024) Full year 2025 results: EPS: JP¥822 (up from JP¥308 in FY 2024). Revenue: JP¥421.7b (up 14% from FY 2024). Net income: JP¥5.59b (up 167% from FY 2024). Profit margin: 1.3% (up from 0.6% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year and the company’s share price has also fallen by 4% per year. Aankondiging • Apr 24
Tomen Devices Corporation, Annual General Meeting, Jun 26, 2025 Tomen Devices Corporation, Annual General Meeting, Jun 26, 2025. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥4,570, the stock trades at a trailing P/E ratio of 5.1x. Average trailing P/E is 11x in the Electronic industry in Japan. Total loss to shareholders of 11% over the past three years. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥300 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 26 June 2025. Payout ratio is a comfortable 22% but the company is not cash flow positive. Trailing yield: 4.8%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.7%). Aankondiging • Mar 01
Tomen Devices Corporation to Report Fiscal Year 2025 Results on Apr 24, 2025 Tomen Devices Corporation announced that they will report fiscal year 2025 results on Apr 24, 2025 Reported Earnings • Jan 30
Third quarter 2025 earnings released: EPS: JP¥107 (vs JP¥116 in 3Q 2024) Third quarter 2025 results: EPS: JP¥107 (down from JP¥116 in 3Q 2024). Revenue: JP¥100.2b (up 20% from 3Q 2024). Net income: JP¥730.0m (down 7.7% from 3Q 2024). Profit margin: 0.7% (down from 0.9% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 14% 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. Aankondiging • Dec 03
Tomen Devices Corporation to Report Q3, 2025 Results on Jan 29, 2025 Tomen Devices Corporation announced that they will report Q3, 2025 results on Jan 29, 2025 Reported Earnings • Oct 31
Second quarter 2025 earnings released: EPS: JP¥365 (vs JP¥154 in 2Q 2024) Second quarter 2025 results: EPS: JP¥365 (up from JP¥154 in 2Q 2024). Revenue: JP¥104.4b (up 9.0% from 2Q 2024). Net income: JP¥2.49b (up 137% from 2Q 2024). Profit margin: 2.4% (up from 1.1% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Aankondiging • Sep 26
Tomen Devices Corporation to Report Q2, 2025 Results on Oct 30, 2024 Tomen Devices Corporation announced that they will report Q2, 2025 results on Oct 30, 2024 New Risk • Aug 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.7% 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 Risk Debt is not well covered by operating cash flow (9.0% operating cash flow to total debt). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.7% average weekly change). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 26% After last week's 26% share price decline to JP¥5,280, the stock trades at a trailing P/E ratio of 7.7x. Average trailing P/E is 12x in the Electronic industry in Japan. Total returns to shareholders of 28% over the past three years. Reported Earnings • Jul 28
First quarter 2025 earnings released: EPS: JP¥226 (vs JP¥155 loss in 1Q 2024) First quarter 2025 results: EPS: JP¥226 (up from JP¥155 loss in 1Q 2024). Revenue: JP¥102.9b (up 17% from 1Q 2024). Net income: JP¥1.54b (up JP¥2.59b from 1Q 2024). Profit margin: 1.5% (up from net loss in 1Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Jul 23
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 14% to JP¥7,250. The fair value is estimated to be JP¥5,980, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 30%. Aankondiging • Jun 30
Tomen Devices Corporation to Report Q1, 2025 Results on Jul 26, 2024 Tomen Devices Corporation announced that they will report Q1, 2025 results on Jul 26, 2024 Buy Or Sell Opportunity • Jun 06
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 22% to JP¥7,000. The fair value is estimated to be JP¥5,791, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 30%. Buy Or Sell Opportunity • May 17
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 34% to JP¥6,920. The fair value is estimated to be JP¥5,746, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 30%. Reported Earnings • Apr 26
Full year 2024 earnings released: EPS: JP¥308 (vs JP¥721 in FY 2023) Full year 2024 results: EPS: JP¥308 (down from JP¥721 in FY 2023). Revenue: JP¥370.7b (down 11% from FY 2023). Net income: JP¥2.10b (down 57% from FY 2023). Profit margin: 0.6% (down from 1.2% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Aankondiging • Apr 26
Tomen Devices Corporation, Annual General Meeting, Jun 25, 2024 Tomen Devices Corporation, Annual General Meeting, Jun 25, 2024. Valuation Update With 7 Day Price Move • Mar 25
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥6,760, the stock trades at a trailing P/E ratio of 34.7x. Average trailing P/E is 15x in the Electronic industry in Japan. Total returns to shareholders of 79% over the past three years. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥160 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 24 June 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.4%). Aankondiging • Mar 02
Tomen Devices Corporation to Report Fiscal Year 2024 Results on Apr 25, 2024 Tomen Devices Corporation announced that they will report fiscal year 2024 results on Apr 25, 2024 Reported Earnings • Feb 02
Third quarter 2024 earnings released: EPS: JP¥116 (vs JP¥242 in 3Q 2023) Third quarter 2024 results: EPS: JP¥116 (down from JP¥242 in 3Q 2023). Revenue: JP¥83.7b (down 24% from 3Q 2023). Net income: JP¥791.0m (down 52% from 3Q 2023). Profit margin: 0.9% (down from 1.5% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Aankondiging • Nov 29
Tomen Devices Corporation to Report Q3, 2024 Results on Jan 31, 2024 Tomen Devices Corporation announced that they will report Q3, 2024 results on Jan 31, 2024 Aankondiging • Oct 28
Tomen Devices Corporation Provides Year End Dividend Guidance for the Full Year Ending March 31, 2024 Tomen Devices Corporation provided year end dividend guidance for the full year ending March 31, 2024. For the period, the company expected year end dividend of JPY 120 per share compared to JPY 300 per share paid a year ago. Aankondiging • Oct 27
Tomen Devices Corporation Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2024 Tomen Devices Corporation provided consolidated earnings guidance for the fiscal year ending March 31, 2024. For the period, the company expected net sales to be JPY 355,000 million, Operating profit to be JPY 6,300 million, profit attributable to owners of parent to be JPY 850 million or JPY 124.98 per basic share. Aankondiging • Aug 30
Tomen Devices Corporation to Report Q2, 2024 Results on Oct 26, 2023 Tomen Devices Corporation announced that they will report Q2, 2024 results on Oct 26, 2023 New Risk • Jul 29
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. 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). Dividend is not well covered by earnings and cash flows. Payout ratio: 93% Paying a dividend despite having no free cash flows. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.6% net profit margin). Reported Earnings • Jul 28
First quarter 2024 earnings released: JP¥155 loss per share (vs JP¥244 profit in 1Q 2023) First quarter 2024 results: JP¥155 loss per share (down from JP¥244 profit in 1Q 2023). Revenue: JP¥88.0b (down 21% from 1Q 2023). Net loss: JP¥1.05b (down 163% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 11% per year. Aankondiging • May 31
Tomen Devices Corporation to Report Q1, 2024 Results on Jul 27, 2023 Tomen Devices Corporation announced that they will report Q1, 2024 results on Jul 27, 2023 Aankondiging • May 25
Tomen Devices Corporation (TSE:2737) agreed to acquire remaining 5% stake in ATMD (Hong Kong) Limited from ACL International Holdings Limited. Tomen Devices Corporation (TSE:2737) agreed to acquire remaining 5% stake in ATMD (Hong Kong) Limited from ACL International Holdings Limited on May 23, 2023. The transaction is expected to be completed by the end of May 2023. The impact of the acquisition on Tomen Devices’s consolidated results will be minor. Reported Earnings • Apr 29
Full year 2023 earnings released: EPS: JP¥721 (vs JP¥938 in FY 2022) Full year 2023 results: EPS: JP¥721 (down from JP¥938 in FY 2022). Revenue: JP¥417.6b (down 9.8% from FY 2022). Net income: JP¥4.91b (down 23% from FY 2022). Profit margin: 1.2% (down from 1.4% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 15% per year. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥300 per share at 4.6% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 26 June 2023. Payout ratio is a comfortable 41% but the company is not cash flow positive. Trailing yield: 4.6%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%). Reported Earnings • Feb 01
Third quarter 2023 earnings released: EPS: JP¥242 (vs JP¥290 in 3Q 2022) Third quarter 2023 results: EPS: JP¥242 (down from JP¥290 in 3Q 2022). Revenue: JP¥110.1b (down 13% from 3Q 2022). Net income: JP¥1.65b (down 17% from 3Q 2022). Profit margin: 1.5% (down from 1.6% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Aankondiging • Nov 30
Tomen Devices Corporation to Report Q3, 2023 Results on Jan 31, 2023 Tomen Devices Corporation announced that they will report Q3, 2023 results on Jan 31, 2023 Board Change • Nov 16
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 7 new directors. 3 experienced directors. 2 highly experienced directors. 4 independent directors (5 non-independent directors). President, CEO, GM of Sales Headquarters & Representative Director Ichiro Tsumaki is the most experienced director on the board, commencing their role in 2004. Independent External Director Toshiyasu Asai was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 28
Second quarter 2023 earnings released: EPS: JP¥157 (vs JP¥255 in 2Q 2022) Second quarter 2023 results: EPS: JP¥157 (down from JP¥255 in 2Q 2022). Revenue: JP¥111.2b (down 7.0% from 2Q 2022). Net income: JP¥1.07b (down 39% from 2Q 2022). Profit margin: 1.0% (down from 1.4% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Aankondiging • Sep 01
Tomen Devices Corporation to Report Q2, 2023 Results on Oct 27, 2022 Tomen Devices Corporation announced that they will report Q2, 2023 results on Oct 27, 2022 Reported Earnings • Jul 30
First quarter 2023 earnings released: EPS: JP¥244 (vs JP¥311 in 1Q 2022) First quarter 2023 results: EPS: JP¥244 (down from JP¥311 in 1Q 2022). Revenue: JP¥110.9b (up 13% from 1Q 2022). Net income: JP¥1.66b (down 22% from 1Q 2022). Profit margin: 1.5% (down from 2.2% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 37% per year whereas the company’s share price has increased by 33% per year. Aankondiging • Jun 29
Tomen Devices Corporation to Report Q1, 2023 Results on Jul 28, 2022 Tomen Devices Corporation announced that they will report Q1, 2023 results on Jul 28, 2022 Reported Earnings • Apr 28
Full year 2022 earnings released: EPS: JP¥938 (vs JP¥507 in FY 2021) Full year 2022 results: EPS: JP¥938 (up from JP¥507 in FY 2021). Revenue: JP¥462.8b (up 53% from FY 2021). Net income: JP¥6.38b (up 85% from FY 2021). Profit margin: 1.4% (up from 1.1% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 7 non-independent directors. Independent External Non-Executive Director Tatsumi Maeda was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Apr 07
Tomen Devices Corporation to Report Fiscal Year 2022 Results on Apr 26, 2022 Tomen Devices Corporation announced that they will report fiscal year 2022 results on Apr 26, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥280 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 24 June 2022. Payout ratio is a comfortable 17% but the company is not cash flow positive. Trailing yield: 4.2%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.3%). Reported Earnings • Jan 28
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥290 (up from JP¥216 in 3Q 2021). Revenue: JP¥125.8b (up 69% from 3Q 2021). Net income: JP¥1.97b (up 34% from 3Q 2021). Profit margin: 1.6% (down from 2.0% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 40% per year whereas the company’s share price has increased by 41% per year. Reported Earnings • Oct 29
Second quarter 2022 earnings released: EPS JP¥255 (vs JP¥55.29 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥119.6b (up 43% from 2Q 2021). Net income: JP¥1.73b (up 361% from 2Q 2021). Profit margin: 1.4% (up from 0.4% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 36% per year whereas the company’s share price has increased by 32% per year. Valuation Update With 7 Day Price Move • Oct 28
Investor sentiment improved over the past week After last week's 22% share price gain to JP¥6,310, the stock trades at a trailing P/E ratio of 9x. Average trailing P/E is 14x in the Electronic industry in Japan. Total returns to shareholders of 179% over the past three years. Valuation Update With 7 Day Price Move • Oct 04
Investor sentiment deteriorated over the past week After last week's 15% share price decline to JP¥4,940, the stock trades at a trailing P/E ratio of 7.1x. Average trailing P/E is 14x in the Electronic industry in Japan. Total returns to shareholders of 105% over the past three years. Valuation Update With 7 Day Price Move • Sep 10
Investor sentiment improved over the past week After last week's 15% share price gain to JP¥5,680, the stock trades at a trailing P/E ratio of 8.1x. Average trailing P/E is 14x in the Electronic industry in Japan. Total returns to shareholders of 138% over the past three years. Valuation Update With 7 Day Price Move • Jul 30
Investor sentiment improved over the past week After last week's 23% share price gain to JP¥5,060, the stock trades at a trailing P/E ratio of 10x. Average trailing P/E is 17x in the Electronic industry in Japan. Total returns to shareholders of 101% over the past three years. Reported Earnings • Jun 30
Full year 2021 earnings released: EPS JP¥507 (vs JP¥497 in FY 2020) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2021 results: Revenue: JP¥302.4b (up 16% from FY 2020). Net income: JP¥3.45b (up 1.9% from FY 2020). Profit margin: 1.1% (down from 1.3% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 01
Full year 2021 earnings released: EPS JP¥507 (vs JP¥497 in FY 2020) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2021 results: Revenue: JP¥302.4b (up 16% from FY 2020). Net income: JP¥3.45b (up 1.9% from FY 2020). Profit margin: 1.1% (down from 1.3% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥160 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 23 June 2021. Trailing yield: 2.8%. Within top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.1%). Aankondiging • Mar 04
Tomen Devices Corporation to Report Fiscal Year 2021 Results on Apr 28, 2021 Tomen Devices Corporation announced that they will report fiscal year 2021 results on Apr 28, 2021 Is New 90 Day High Low • Mar 03
New 90-day high: JP¥4,045 The company is up 20% from its price of JP¥3,380 on 03 December 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 3.0% over the same period. Reported Earnings • Jan 30
Third quarter 2021 earnings released: EPS JP¥216 (vs JP¥191 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥74.5b (up 8.3% from 3Q 2020). Net income: JP¥1.47b (up 13% from 3Q 2020). Profit margin: 2.0% (up from 1.9% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.