Aankondiging • Mar 02
Ryoyo Electro Corporation to Delist from Prime Section of Tokyo Stock Exchange, Effective March 28, 2024 Ryoyo Electro Corporation will be delisted from prime section of Tokyo Stock Exchange effective from March 28, 2024. Delisting is due to Becoming a wholly owned subsidiary of Ryoyo Ryosan Holdings Inc. Reported Earnings • Dec 03
Third quarter 2024 earnings released: EPS: JP¥41.46 (vs JP¥45.21 in 3Q 2023) Third quarter 2024 results: EPS: JP¥41.46 (down from JP¥45.21 in 3Q 2023). Revenue: JP¥30.5b (down 14% from 3Q 2023). Net income: JP¥838.0m (down 8.2% from 3Q 2023). Profit margin: 2.7% (up from 2.6% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Aankondiging • Nov 01
Ryoyo Electro Corporation to Report Q3, 2024 Results on Nov 30, 2023 Ryoyo Electro Corporation announced that they will report Q3, 2024 results on Nov 30, 2023 Reported Earnings • Sep 02
Second quarter 2024 earnings released: EPS: JP¥40.98 (vs JP¥47.10 in 2Q 2023) Second quarter 2024 results: EPS: JP¥40.98 (down from JP¥47.10 in 2Q 2023). Revenue: JP¥32.5b (up 9.3% from 2Q 2023). Net income: JP¥828.0m (down 13% from 2Q 2023). Profit margin: 2.5% (down from 3.2% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jul 21
Upcoming dividend of JP¥80.00 per share at 4.5% yield Eligible shareholders must have bought the stock before 28 July 2023. Payment date: 03 October 2023. Payout ratio is a comfortable 31% 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%). Aankondiging • Jul 06
Ryoyo Electro Corporation to Report Q2, 2024 Results on Aug 31, 2023 Ryoyo Electro Corporation announced that they will report Q2, 2024 results on Aug 31, 2023 Reported Earnings • Jun 02
First quarter 2024 earnings released: EPS: JP¥244 (vs JP¥41.17 in 1Q 2023) First quarter 2024 results: EPS: JP¥244 (up from JP¥41.17 in 1Q 2023). Revenue: JP¥32.6b (up 4.8% from 1Q 2023). Net income: JP¥4.92b (up 494% from 1Q 2023). Profit margin: 15% (up from 2.7% in 1Q 2023). The increase in margin was primarily driven by lower expenses. 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 6% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to JP¥3,180, the stock trades at a trailing P/E ratio of 21x. Average trailing P/E is 12x in the Electronic industry in Japan. Total returns to shareholders of 37% over the past three years. Board Change • May 09
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Outside Director Shinya Takada was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 10
Full year 2023 earnings released: EPS: JP¥151 (vs JP¥104 in FY 2022) Full year 2023 results: EPS: JP¥151 (up from JP¥104 in FY 2022). Revenue: JP¥129.9b (up 16% from FY 2022). Net income: JP¥3.06b (up 63% from FY 2022). Profit margin: 2.4% (up from 1.7% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Aankondiging • Feb 09
Ryoyo Electro Corporation (TSE:8068) agreed to acquire 18.71% stake in Ryosan Company, Limited (TSE:8140) from Silchester International Investors LLP for approximately ¥15.8 billion. Ryoyo Electro Corporation (TSE:8068) agreed to acquire 18.71% stake in Ryosan Company, Limited (TSE:8140) from Silchester International Investors LLP for approximately ¥15.8 billion on February 7, 2023. The deal is subject to Ryoyo Electro Corporation (TSE:8068) board. As of February 7, 2023 Ryoyo Electro Corporation (TSE:8068) board approved the deal. The deal is expected to close on February 9, 2023. Upcoming Dividend • Jan 23
Upcoming dividend of JP¥60.00 per share Eligible shareholders must have bought the stock before 30 January 2023. Payment date: 27 April 2023. Payout ratio is a comfortable 65% but the company is not cash flow positive. Trailing yield: 4.2%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.7%). Aankondiging • Jan 09
Ryoyo Electro Corporation to Report Fiscal Year 2023 Results on Mar 09, 2023 Ryoyo Electro Corporation announced that they will report fiscal year 2023 results on Mar 09, 2023 Reported Earnings • Dec 01
Third quarter 2023 earnings released: EPS: JP¥45.20 (vs JP¥20.70 in 3Q 2022) Third quarter 2023 results: EPS: JP¥45.20 (up from JP¥20.70 in 3Q 2022). Revenue: JP¥35.5b (up 26% from 3Q 2022). Net income: JP¥913.0m (up 143% from 3Q 2022). Profit margin: 2.6% (up from 1.3% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 5 experienced directors. No highly experienced directors. Outside Audit & Supervisory Board Member Kazumi Akiyama is the most experienced director on 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 board continuity. Lack of experienced directors. Aankondiging • Oct 02
Ryoyo Electro Corporation to Report Q3, 2023 Results on Nov 29, 2022 Ryoyo Electro Corporation announced that they will report Q3, 2023 results on Nov 29, 2022 Reported Earnings • Sep 02
Second quarter 2023 earnings released: EPS: JP¥47.10 (vs JP¥23.34 in 2Q 2022) Second quarter 2023 results: EPS: JP¥47.10 (up from JP¥23.34 in 2Q 2022). Revenue: JP¥29.7b (up 15% from 2Q 2022). Net income: JP¥951.0m (up 134% from 2Q 2022). Profit margin: 3.2% (up from 1.6% 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 43% 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 • Jul 21
Upcoming dividend of JP¥50.00 per share Eligible shareholders must have bought the stock before 28 July 2022. Payment date: 03 October 2022. Payout ratio is on the higher end at 99% but the company is not cash flow positive. Trailing yield: 4.3%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.5%). Aankondiging • Jul 09
Ryoyo Electro Corporation to Report Q2, 2023 Results on Aug 31, 2022 Ryoyo Electro Corporation announced that they will report Q2, 2023 results on Aug 31, 2022 Reported Earnings • Jun 02
First quarter 2023 earnings released: EPS: JP¥41.17 (vs JP¥24.40 in 1Q 2022) First quarter 2023 results: EPS: JP¥41.17 (up from JP¥24.40 in 1Q 2022). Revenue: JP¥31.1b (up 18% from 1Q 2022). Net income: JP¥829.0m (up 96% from 1Q 2022). Profit margin: 2.7% (up from 1.6% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 10% 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 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Outside Director Shinya Takada was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Apr 08
Ryoyo Electro Corporation to Report Q1, 2023 Results on May 31, 2022 Ryoyo Electro Corporation announced that they will report Q1, 2023 results on May 31, 2022 Reported Earnings • Mar 12
Full year 2022 earnings: Revenues and EPS in line with analyst expectations Full year 2022 results: EPS: JP¥104 (up from JP¥35.19 in FY 2021). Revenue: JP¥112.1b (up 17% from FY 2021). Net income: JP¥1.87b (up 132% from FY 2021). Profit margin: 1.7% (up from 0.8% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jan 21
Upcoming dividend of JP¥60.00 per share Eligible shareholders must have bought the stock before 28 January 2022. Payment date: 30 April 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 5.1%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.2%). Reported Earnings • Nov 29
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥20.70 (up from JP¥6.04 loss in 3Q 2021). Revenue: JP¥28.2b (up 17% from 3Q 2021). Net income: JP¥376.0m (up JP¥525.0m from 3Q 2021). Profit margin: 1.3% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Reported Earnings • Sep 03
Second quarter 2022 earnings released: EPS JP¥23.34 (vs JP¥8.47 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥25.8b (up 25% from 2Q 2021). Net income: JP¥407.0m (up 95% from 2Q 2021). Profit margin: 1.6% (up from 1.0% 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 18% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jul 22
Upcoming dividend of JP¥60.00 per share Eligible shareholders must have bought the stock before 29 July 2021. Payment date: 01 October 2021. Trailing yield: 4.8%. Within top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (1.2%). Aankondiging • Jun 11
Ryoyo Electro Corporation announced that it expects to receive ¥19.068 million in funding from Daiwa Securities Co. Ltd. Ryoyo Electro Corporation (TSE:8068) announced a private placement of 28,000 4th stock acquisition rights at a price of ¥681 per right for proceeds of ¥98,200,000 on June 10, 2021. The transaction will include participation from Daiwa Securities Co. Ltd. The number of potential shares per stock acquisition right is 100, resulting in 2,800,000 potential shares. The rights can be exercised from June 29, 2021 to June 29, 2023. The transaction has been approved by the board of directors. The warrants will be allotted on third part capital allotment basis. The allotment date is June 28, 2021. Reported Earnings • Jun 02
First quarter 2022 earnings released: EPS JP¥24.40 (vs JP¥15.10 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥26.5b (up 5.8% from 1Q 2021). Net income: JP¥423.0m (up 14% from 1Q 2021). Profit margin: 1.6% (up from 1.5% in 1Q 2021). The increase in margin was driven by higher revenue. 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 11% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 02
Full year 2021 earnings released: EPS JP¥35.19 (vs JP¥53.06 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥95.8b (down 12% from FY 2020). Net income: JP¥806.0m (down 38% from FY 2020). Profit margin: 0.8% (down from 1.2% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 12
Full year 2021 earnings released: EPS JP¥35.19 (vs JP¥53.06 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥95.8b (down 12% from FY 2020). Net income: JP¥806.0m (down 38% from FY 2020). Profit margin: 0.8% (down from 1.2% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Mar 12
New 90-day low: JP¥2,679 The company is down 4.0% from its price of JP¥2,798 on 11 December 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 2.0% over the same period. Upcoming Dividend • Jan 21
Upcoming Dividend of JP¥120 Per Share Will be paid on the 30th of April to those who are registered shareholders by the 28th of January. The trailing yield of 5.3% is in the top quartile of Japanese dividend payers (3.0%), and it is higher than industry peers (1.1%). Aankondiging • Jan 07
Ryoyo Electro Corporation, Annual General Meeting, Apr 28, 2021 Ryoyo Electro Corporation, Annual General Meeting, Apr 28, 2021. Is New 90 Day High Low • Dec 29
New 90-day high: JP¥3,105 The company is up 6.0% from its price of JP¥2,921 on 30 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 16% over the same period. Reported Earnings • Dec 01
Third quarter 2021 earnings released: JP¥6.04 loss per share The company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2021 results: Revenue: JP¥24.0b (down 11% from 3Q 2020). Net loss: JP¥149.0m (down 152% from profit in 3Q 2020). 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 12% per year, which means it is significantly lagging earnings growth. Aankondiging • Jul 30
Restar Holdings Corporation (TSE:3156) completed the acquisition of 20% stake in Ryoyo Electro Corporation (TSE : 8068) from Simplex Asset Management Co., Ltd. and Simplex Asset Management (HK) Company Limited. Restar Holdings Corporation (TSE:3156) entered into an agreement to acquire 20% stake in Ryoyo Electro Corporation (TSE : 8068) from Simplex Asset Management Co., Ltd. and Simplex Asset Management (HK) Company Limited for ¥10.72 billion on May 13, 2019. Under the terms, 5.4 million shares were acquired as part of the transaction. The transaction is expected to be funded by bank borrowings. The transaction has been approved by the Board of Renstar Holdings. The transaction is expected to be completed on May 15, 2019.
Restar Holdings Corporation (TSE:3156) completed the acquisition of 20% stake in Ryoyo Electro Corporation (TSE : 8068) from Simplex Asset Management Co., Ltd. and Simplex Asset Management (HK) Company Limited in May 2019.