Reported Earnings • May 20
Full year 2026 earnings released: EPS: JP¥356 (vs JP¥263 in FY 2025) Full year 2026 results: EPS: JP¥356 (up from JP¥263 in FY 2025). Revenue: JP¥103.7b (up 5.6% from FY 2025). Net income: JP¥6.47b (up 36% from FY 2025). Profit margin: 6.2% (up from 4.8% 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 8% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • May 15
Tsuzuki Denki Co., Ltd., Annual General Meeting, Jun 26, 2026 Tsuzuki Denki Co., Ltd., Annual General Meeting, Jun 26, 2026. Aankondiging • May 10
Tsuzuki Denki Co., Ltd. to Report Fiscal Year 2026 Results on May 15, 2026 Tsuzuki Denki Co., Ltd. announced that they will report fiscal year 2026 results at 12:00 PM, Tokyo Standard Time on May 15, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥71.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 05 June 2026. Payout ratio is a comfortable 30% and this is well supported by cash flows. 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 31
Third quarter 2026 earnings released: EPS: JP¥82.93 (vs JP¥38.64 in 3Q 2025) Third quarter 2026 results: EPS: JP¥82.93 (up from JP¥38.64 in 3Q 2025). Revenue: JP¥23.9b (up 1.8% from 3Q 2025). Net income: JP¥1.51b (up 116% from 3Q 2025). Profit margin: 6.3% (up from 3.0% in 3Q 2025). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Nov 29
First half dividend of JP¥50.00 announced Shareholders will receive a dividend of JP¥50.00. Ex-date: 30th March 2026 Payment date: 5th June 2026 Dividend yield will be 3.1%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (34% earnings payout ratio) and cash flows (47% cash payout ratio). The dividend has increased by an average of 29% 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. Aankondiging • Nov 29
Tsuzuki Denki Co., Ltd. to Report Q3, 2026 Results on Jan 30, 2026 Tsuzuki Denki Co., Ltd. announced that they will report Q3, 2026 results on Jan 30, 2026 Reported Earnings • Nov 01
Second quarter 2026 earnings released: EPS: JP¥84.95 (vs JP¥57.18 in 2Q 2025) Second quarter 2026 results: EPS: JP¥84.95 (up from JP¥57.18 in 2Q 2025). Revenue: JP¥24.6b (up 6.6% from 2Q 2025). Net income: JP¥1.55b (up 49% from 2Q 2025). Profit margin: 6.3% (up from 4.5% 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 10% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥50.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 01 December 2025. Payout ratio is a comfortable 36% and the cash payout ratio is 86%. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%). Aankondiging • Sep 01
Tsuzuki Denki Co., Ltd. to Report Q2, 2026 Results on Oct 31, 2025 Tsuzuki Denki Co., Ltd. announced that they will report Q2, 2026 results on Oct 31, 2025 Buy Or Sell Opportunity • Aug 05
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 24% to JP¥3,080. The fair value is estimated to be JP¥2,561, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 7.9% over the last 3 years. Earnings per share has grown by 12%. Reported Earnings • Aug 02
First quarter 2026 earnings released: EPS: JP¥15.00 (vs JP¥0.055 in 1Q 2025) First quarter 2026 results: EPS: JP¥15.00 (up from JP¥0.055 in 1Q 2025). Revenue: JP¥18.8b (flat on 1Q 2025). Net income: JP¥272.0m (up JP¥271.0m from 1Q 2025). Profit margin: 1.4% (up from 0% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Jul 09
Final dividend of JP¥50.00 announced Shareholders will receive a dividend of JP¥50.00. Ex-date: 29th September 2025 Payment date: 1st December 2025 Dividend yield will be 3.6%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (58% earnings payout ratio) and cash flows (86% cash payout ratio). The dividend has increased by an average of 29% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 7.6% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Board Change • Jul 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. 3 highly experienced directors. Independent Outside Director Naoshi Ogasawara was the last 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: Insufficient board refreshment. Aankondiging • Jun 06
Tsuzuki Denki Co., Ltd. to Report Q1, 2026 Results on Jul 31, 2025 Tsuzuki Denki Co., Ltd. announced that they will report Q1, 2026 results on Jul 31, 2025 Reported Earnings • May 13
Full year 2025 earnings released: EPS: JP¥263 (vs JP¥305 in FY 2024) Full year 2025 results: EPS: JP¥263 (down from JP¥305 in FY 2024). Revenue: JP¥98.3b (down 21% from FY 2024). Net income: JP¥4.76b (down 13% from FY 2024). Profit margin: 4.8% (up from 4.4% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. 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¥1,864, the stock trades at a trailing P/E ratio of 11.2x. Average trailing P/E is 11x in the Electronic industry in Japan. Total returns to shareholders of 42% over the past three years. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥46.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 04 June 2025. Payout ratio is a comfortable 58% but the company is paying out more than the cash it is generating. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.7%). Aankondiging • Mar 05
Tsuzuki Denki Co., Ltd. to Report Fiscal Year 2025 Results on May 12, 2025 Tsuzuki Denki Co., Ltd. announced that they will report fiscal year 2025 results on May 12, 2025 New Risk • Feb 07
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 5.3% 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: Minor Risks Dividend is not well covered by cash flows (219% cash payout ratio). Share price has been volatile over the past 3 months (5.3% average weekly change). Profit margins are more than 30% lower than last year (3.1% net profit margin). New Risk • Feb 01
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.1% Last year net profit margin: 5.0% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (219% cash payout ratio). Profit margins are more than 30% lower than last year (3.1% net profit margin). Aankondiging • Dec 12
Tsuzuki Denki Co., Ltd. to Report Q3, 2025 Results on Jan 31, 2025 Tsuzuki Denki Co., Ltd. announced that they will report Q3, 2025 results on Jan 31, 2025 Declared Dividend • Nov 30
First half dividend of JP¥46.00 announced Shareholders will receive a dividend of JP¥46.00. Ex-date: 28th March 2025 Payment date: 4th June 2025 Dividend yield will be 3.7%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (48% earnings payout ratio) but not covered by cash flows (219% cash payout ratio). The dividend has increased by an average of 28% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 6.1% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 02
Second quarter 2025 earnings released: EPS: JP¥57.17 (vs JP¥137 in 2Q 2024) Second quarter 2025 results: EPS: JP¥57.17 (down from JP¥137 in 2Q 2024). Revenue: JP¥23.1b (down 30% from 2Q 2024). Net income: JP¥1.04b (down 58% from 2Q 2024). Profit margin: 4.5% (down from 7.5% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥45.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.5%). Aankondiging • Aug 28
Tsuzuki Denki Co., Ltd. to Report Q2, 2025 Results on Oct 31, 2024 Tsuzuki Denki Co., Ltd. announced that they will report Q2, 2025 results on Oct 31, 2024 Reported Earnings • Aug 02
First quarter 2025 earnings released: EPS: JP¥0.055 (vs JP¥24.98 in 1Q 2024) First quarter 2025 results: EPS: JP¥0.055 (down from JP¥24.98 in 1Q 2024). Revenue: JP¥18.8b (down 33% from 1Q 2024). Net income: JP¥1.00m (down 100% from 1Q 2024). Profit margin: 0% (down from 1.6% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Declared Dividend • Jul 11
Final dividend of JP¥45.00 announced Shareholders will receive a dividend of JP¥45.00. Ex-date: 27th September 2024 Payment date: 2nd December 2024 Dividend yield will be 3.9%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (20% earnings payout ratio) and cash flows (39% cash payout ratio). The dividend has increased by an average of 28% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 19% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Aankondiging • Jun 26
Tsuzuki Denki Co., Ltd. to Report Q1, 2025 Results on Jul 31, 2024 Tsuzuki Denki Co., Ltd. announced that they will report Q1, 2025 results on Jul 31, 2024 Reported Earnings • May 16
Full year 2024 earnings released: EPS: JP¥305 (vs JP¥197 in FY 2023) Full year 2024 results: EPS: JP¥305 (up from JP¥197 in FY 2023). Revenue: JP¥124.9b (flat on FY 2023). Net income: JP¥5.48b (up 56% from FY 2023). Profit margin: 4.4% (up from 2.8% in FY 2023). 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 6% per year, which means it is significantly lagging earnings growth. Aankondiging • May 15
Tsuzuki Denki Co., Ltd., Annual General Meeting, Jun 25, 2024 Tsuzuki Denki Co., Ltd., Annual General Meeting, Jun 25, 2024. Aankondiging • Mar 27
Tsuzuki Denki Co., Ltd. to Report Fiscal Year 2024 Results on May 13, 2024 Tsuzuki Denki Co., Ltd. announced that they will report fiscal year 2024 results on May 13, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥51.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 06 June 2024. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 4.2%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.4%). Buy Or Sell Opportunity • Mar 19
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 13% to JP¥2,445. The fair value is estimated to be JP¥2,012, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.1% over the last 3 years. Earnings per share has grown by 32%. Buy Or Sell Opportunity • Feb 22
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 14% to JP¥2,432. The fair value is estimated to be JP¥2,011, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.1% over the last 3 years. Earnings per share has grown by 32%. Reported Earnings • Feb 02
Third quarter 2024 earnings released: EPS: JP¥71.23 (vs JP¥15.28 in 3Q 2023) Third quarter 2024 results: EPS: JP¥71.23 (up from JP¥15.28 in 3Q 2023). Revenue: JP¥32.1b (up 17% from 3Q 2023). Net income: JP¥1.28b (up 369% from 3Q 2023). Profit margin: 4.0% (up from 1.0% in 3Q 2023). 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 15% per year, which means it is significantly lagging earnings growth. Aankondiging • Jan 11
Restar Holdings Corporation (TSE:3156) completed the acquisition of Tsuzuki Embedded Solutions, Tsuzuki Densan Trading (Shanghai), Tsuzuki Densan Hong Kong and Tsuzuki Densan Singapore from Tsuzuki Denki Co., Ltd. (TSE:8157). Restar Holdings Corporation (TSE:3156) agreed to acquire Tsuzuki Embedded Solutions, Tsuzuki Densan Trading (Shanghai), Tsuzuki Densan Hong Kong and Tsuzuki Densan Singapore from Tsuzuki Denki Co., Ltd. (TSE:8157) for ¥12.9 billion on September 29, 2023. Transaction is expected to complete on January 9, 2024.Restar Holdings Corporation (TSE:3156) completed the acquisition of Tsuzuki Embedded Solutions, Tsuzuki Densan Trading (Shanghai), Tsuzuki Densan Hong Kong and Tsuzuki Densan Singapore from Tsuzuki Denki Co., Ltd. (TSE:8157) on January 9, 2024. Aankondiging • Dec 21
Tsuzuki Denki Co., Ltd. to Report Q3, 2024 Results on Jan 31, 2024 Tsuzuki Denki Co., Ltd. announced that they will report Q3, 2024 results on Jan 31, 2024 Reported Earnings • Nov 02
Second quarter 2024 earnings released: EPS: JP¥137 (vs JP¥47.57 in 2Q 2023) Second quarter 2024 results: EPS: JP¥137 (up from JP¥47.57 in 2Q 2023). Revenue: JP¥32.8b (up 7.6% from 2Q 2023). Net income: JP¥2.46b (up 190% from 2Q 2023). Profit margin: 7.5% (up from 2.8% in 2Q 2023). 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 12% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥38.00 per share at 3.3% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 30 November 2023. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 3.3%. Within top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.4%). Aankondiging • Sep 02
Tsuzuki Denki Co., Ltd. to Report Q2, 2024 Results on Oct 31, 2023 Tsuzuki Denki Co., Ltd. announced that they will report Q2, 2024 results on Oct 31, 2023 Aankondiging • Aug 02
Tsuzuki Denki Co., Ltd. Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2024 Tsuzuki Denki Co., Ltd. provided consolidated earnings guidance for the fiscal year ending March 31, 2024. The company expects net sales to be JPY 126,500 million, Operating income to be JPY 5,300 million, profit attributable to owners of parent to be JPY 4,450 million or JPY 247.97 per share. Reported Earnings • Aug 01
First quarter 2024 earnings released: EPS: JP¥24.98 (vs JP¥8.29 loss in 1Q 2023) First quarter 2024 results: EPS: JP¥24.98 (up from JP¥8.29 loss in 1Q 2023). Revenue: JP¥28.1b (up 14% from 1Q 2023). Net income: JP¥448.0m (up JP¥595.0m from 1Q 2023). Profit margin: 1.6% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 9% per year. Aankondiging • Aug 01
Tsuzuki Denki Co., Ltd. Provides Dividend Guidance for the Second Quarter and Full Year Ending March 31, 2024 Tsuzuki Denki Co., Ltd. provides dividend guidance for the second quarter and full year ending March 31, 2024. For the second quarter, the company expects to pay JPY 38.00 against JPY 25.00 paid a year ago.For the full year, the company expects to pay JPY 38.00 against JPY 36.00 paid a year ago. Aankondiging • Jul 14
Tsuzuki Denki Co., Ltd. to Report Q1, 2024 Results on Jul 31, 2023 Tsuzuki Denki Co., Ltd. announced that they will report Q1, 2024 results on Jul 31, 2023 Reported Earnings • May 18
Full year 2023 earnings released: EPS: JP¥197 (vs JP¥158 in FY 2022) Full year 2023 results: EPS: JP¥197 (up from JP¥158 in FY 2022). Revenue: JP¥123.9b (up 3.8% from FY 2022). Net income: JP¥3.52b (up 26% from FY 2022). Profit margin: 2.8% (up from 2.3% 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 3% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • May 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥1,744, the stock trades at a trailing P/E ratio of 11x. Average trailing P/E is 12x in the Electronic industry in Japan. Total returns to shareholders of 64% over the past three years. Aankondiging • May 14
Tsuzuki Denki Co., Ltd., Annual General Meeting, Jun 27, 2023 Tsuzuki Denki Co., Ltd., Annual General Meeting, Jun 27, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥34.00 per share at 3.1% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 07 June 2023. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%). Reported Earnings • Jan 28
Third quarter 2023 earnings released: EPS: JP¥15.28 (vs JP¥25.40 in 3Q 2022) Third quarter 2023 results: EPS: JP¥15.28 (down from JP¥25.40 in 3Q 2022). Revenue: JP¥27.5b (down 1.2% from 3Q 2022). Net income: JP¥273.0m (down 39% from 3Q 2022). Profit margin: 1.0% (down from 1.6% in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 1% per year and the company’s share price has also fallen by 1% per year. Aankondiging • Dec 29
Tsuzuki Denki Co., Ltd. to Report Q3, 2023 Results on Jan 27, 2023 Tsuzuki Denki Co., Ltd. announced that they will report Q3, 2023 results on Jan 27, 2023 Board Change • Nov 16
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Outside Director Hidetoshi Takinaka was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Oct 30
Second quarter 2023 earnings released: EPS: JP¥47.56 (vs JP¥41.70 in 2Q 2022) Second quarter 2023 results: EPS: JP¥47.56 (up from JP¥41.70 in 2Q 2022). Revenue: JP¥30.4b (up 7.6% from 2Q 2022). Net income: JP¥847.0m (up 15% from 2Q 2022). Profit margin: 2.8% (up from 2.6% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat and the company’s share price has also remained flat. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 30 November 2022. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 3.7%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.6%). Aankondiging • Aug 28
Tsuzuki Denki Co., Ltd. to Report Q2, 2023 Results on Oct 28, 2022 Tsuzuki Denki Co., Ltd. announced that they will report Q2, 2023 results on Oct 28, 2022 Reported Earnings • Jul 31
First quarter 2023 earnings released: JP¥8.29 loss per share (vs JP¥13.88 loss in 1Q 2022) First quarter 2023 results: JP¥8.29 loss per share (up from JP¥13.88 loss in 1Q 2022). Revenue: JP¥24.6b (flat on 1Q 2022). Net loss: JP¥147.0m (loss narrowed 40% from 1Q 2022). Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 5% per year. Buying Opportunity • Jul 08
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 13%. The fair value is estimated to be JP¥1,615, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 3.0%. Aankondiging • Jun 29
Tsuzuki Denki Co., Ltd. to Report Q1, 2023 Results on Jul 29, 2022 Tsuzuki Denki Co., Ltd. announced that they will report Q1, 2023 results on Jul 29, 2022 Buying Opportunity • Jun 15
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 12%. The fair value is estimated to be JP¥1,622, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 3.0%.