Announcement • Jul 09
TBK Co., Ltd. to Report Q1, 2027 Results on Aug 06, 2026 TBK Co., Ltd. announced that they will report Q1, 2027 results on Aug 06, 2026 New Risk • Jul 06
New major risk - Revenue and earnings growth Earnings have declined by 14% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 14% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (JP¥10.2b market cap, or US$63.4m). New Risk • May 27
New major risk - Revenue and earnings growth Earnings have declined by 14% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 14% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (JP¥10.4b market cap, or US$65.0m). Reported Earnings • May 18
Full year 2026 earnings released: EPS: JP¥4.68 (vs JP¥42.26 loss in FY 2025) Full year 2026 results: EPS: JP¥4.68 (up from JP¥42.26 loss in FY 2025). Revenue: JP¥54.8b (flat on FY 2025). Net income: JP¥138.0m (up JP¥1.34b from FY 2025). Profit margin: 0.3% (up from net loss in FY 2025). Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • May 14
TBK Co., Ltd., Annual General Meeting, Jun 26, 2026 TBK Co., Ltd., Annual General Meeting, Jun 26, 2026. Announcement • May 10
TBK Co., Ltd. to Report Fiscal Year 2026 Results on May 14, 2026 TBK Co., Ltd. announced that they will report fiscal year 2026 results on May 14, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥4.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 26 June 2026. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (2.8%). Reported Earnings • Feb 14
Third quarter 2026 earnings released: EPS: JP¥10.74 (vs JP¥3.16 loss in 3Q 2025) Third quarter 2026 results: EPS: JP¥10.74 (up from JP¥3.16 loss in 3Q 2025). Revenue: JP¥13.5b (down 2.8% from 3Q 2025). Net income: JP¥315.0m (up JP¥405.0m from 3Q 2025). Profit margin: 2.3% (up from net loss in 3Q 2025). Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Announcement • Dec 10
TBK Co., Ltd. announced that it has received ¥1.137786 billion in funding On December 3, 2025, TBK Co., Ltd. closed the transaction. Declared Dividend • Dec 06
First half dividend of JP¥4.00 announced Dividend of JP¥4.00 is the same as last year. Ex-date: 30th March 2026 Payment date: 26th June 2026 Dividend yield will be 2.3%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is covered by both earnings (74% earnings payout ratio) and cash flows (14% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 7.9% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Nov 21
TBK Co., Ltd. announced that it expects to receive ¥1.137786 billion in funding TBK Co., Ltd. announced a private placement of 3,269,500 Common Shares of the company at a price per share of ¥348 for gross proceeds of ¥1,137,786,000 on November 21, 2025. The transaction includes participation from Brakes India Private Limited. The transaction is expected to close from December 8, 2025 to December 12, 2025. Reported Earnings • Nov 16
Second quarter 2026 earnings released: EPS: JP¥4.14 (vs JP¥37.45 loss in 2Q 2025) Second quarter 2026 results: EPS: JP¥4.14 (up from JP¥37.45 loss in 2Q 2025). Revenue: JP¥13.3b (down 5.6% from 2Q 2025). Net income: JP¥118.0m (up JP¥1.19b from 2Q 2025). Profit margin: 0.9% (up from net loss in 2Q 2025). 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 9% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Nov 10
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 9.8% to JP¥347. The fair value is estimated to be JP¥283, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 2.6% over the last 3 years, while earnings per share has been flat. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥4.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 05 December 2025. The company is not currently making a profit but it is cash flow positive. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (3.0%). Announcement • Sep 21
TBK Co., Ltd. to Report Q2, 2026 Results on Nov 13, 2025 TBK Co., Ltd. announced that they will report Q2, 2026 results on Nov 13, 2025 Reported Earnings • Aug 08
First quarter 2026 earnings released: EPS: JP¥5.41 (vs JP¥6.07 loss in 1Q 2025) First quarter 2026 results: EPS: JP¥5.41 (up from JP¥6.07 loss in 1Q 2025). Revenue: JP¥12.5b (down 1.3% from 1Q 2025). Net income: JP¥154.0m (up JP¥327.0m from 1Q 2025). Profit margin: 1.2% (up from net loss in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has fallen by 1% per year. Declared Dividend • Jul 09
Final dividend of JP¥4.00 announced Shareholders will receive a dividend of JP¥4.00. Ex-date: 29th September 2025 Payment date: 5th December 2025 Dividend yield will be 2.6%, which is about the same as the industry average. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (16% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Board Change • Jul 04
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. 3 non-independent directors. Independent Outside Director Keiichi Murata was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Jun 29
Full year 2025 earnings released: JP¥42.26 loss per share (vs JP¥11.67 profit in FY 2024) Full year 2025 results: JP¥42.26 loss per share (down from JP¥11.67 profit in FY 2024). Revenue: JP¥54.4b (down 4.0% from FY 2024). Net loss: JP¥1.20b (down 463% from profit in FY 2024). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Announcement • Jun 04
TBK Co., Ltd. to Report Q1, 2026 Results on Aug 07, 2025 TBK Co., Ltd. announced that they will report Q1, 2026 results on Aug 07, 2025 Reported Earnings • May 19
Full year 2025 earnings released: JP¥42.26 loss per share (vs JP¥11.67 profit in FY 2024) Full year 2025 results: JP¥42.26 loss per share (down from JP¥11.67 profit in FY 2024). Revenue: JP¥54.4b (down 4.0% from FY 2024). Net loss: JP¥1.20b (down 463% from profit in FY 2024). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Announcement • May 14
TBK Co., Ltd., Annual General Meeting, Jun 25, 2025 TBK Co., Ltd., Annual General Meeting, Jun 25, 2025. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥4.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 30 June 2025. The company is not currently making a profit but it is cash flow positive. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (3.3%). Announcement • Mar 04
TBK Co., Ltd. to Report Fiscal Year 2025 Results on May 14, 2025 TBK Co., Ltd. announced that they will report fiscal year 2025 results on May 14, 2025 Reported Earnings • Feb 15
Third quarter 2025 earnings released: JP¥3.16 loss per share (vs JP¥1.76 loss in 3Q 2024) Third quarter 2025 results: JP¥3.16 loss per share (further deteriorated from JP¥1.76 loss in 3Q 2024). Revenue: JP¥13.9b (down 1.8% from 3Q 2024). Net loss: JP¥90.0m (loss widened 80% from 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Announcement • Jan 17
TBK Co., Ltd. to Report Q3, 2025 Results on Feb 13, 2025 TBK Co., Ltd. announced that they will report Q3, 2025 results on Feb 13, 2025 Declared Dividend • Dec 06
First half dividend of JP¥4.00 announced Shareholders will receive a dividend of JP¥4.00. Ex-date: 28th March 2025 Payment date: 30th June 2025 Dividend yield will be 3.1%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (26% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Board Change • Nov 20
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. 3 non-independent directors. Independent Outside Director Keiichi Murata was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 09
Second quarter 2025 earnings released: JP¥37.45 loss per share (vs JP¥0.70 profit in 2Q 2024) Second quarter 2025 results: JP¥37.45 loss per share (down from JP¥0.70 profit in 2Q 2024). Revenue: JP¥14.1b (down 2.2% from 2Q 2024). Net loss: JP¥1.07b (down JP¥1.09b from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Announcement • Oct 06
TBK Co., Ltd. to Report Q2, 2025 Results on Nov 07, 2024 TBK Co., Ltd. announced that they will report Q2, 2025 results on Nov 07, 2024 Upcoming Dividend • Sep 20
Upcoming dividend of JP¥4.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 05 December 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (3.5%). Reported Earnings • Aug 13
First quarter 2025 earnings released: JP¥6.07 loss per share (vs JP¥3.10 loss in 1Q 2024) First quarter 2025 results: JP¥6.07 loss per share (further deteriorated from JP¥3.10 loss in 1Q 2024). Revenue: JP¥12.7b (down 4.6% from 1Q 2024). Net loss: JP¥173.0m (loss widened 97% from 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 53 percentage points per year, which is a significant difference in performance. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to JP¥250, the stock trades at a trailing P/E ratio of 21.4x. Average trailing P/E is 8x in the Auto Components industry in Japan. Total loss to shareholders of 35% over the past three years. Declared Dividend • Jul 11
Final dividend of JP¥4.00 announced Shareholders will receive a dividend of JP¥4.00. Ex-date: 27th September 2024 Payment date: 5th December 2024 Dividend yield will be 3.0%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Announcement • Jun 02
TBK Co., Ltd. to Report Q1, 2025 Results on Aug 08, 2024 TBK Co., Ltd. announced that they will report Q1, 2025 results on Aug 08, 2024 Reported Earnings • May 18
Full year 2024 earnings released: EPS: JP¥11.67 (vs JP¥72.75 loss in FY 2023) Full year 2024 results: EPS: JP¥11.67 (up from JP¥72.75 loss in FY 2023). Revenue: JP¥56.7b (up 5.9% from FY 2023). Net income: JP¥332.0m (up JP¥2.40b from FY 2023). Profit margin: 0.6% (up from net loss in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance. Announcement • May 16
TBK Co., Ltd., Annual General Meeting, Jun 27, 2024 TBK Co., Ltd., Annual General Meeting, Jun 27, 2024. Announcement • Mar 02
TBK Co., Ltd. to Report Fiscal Year 2024 Results on May 14, 2024 TBK Co., Ltd. announced that they will report fiscal year 2024 results on May 14, 2024 Reported Earnings • Feb 10
Third quarter 2024 earnings released: JP¥1.76 loss per share (vs JP¥8.63 loss in 3Q 2023) Third quarter 2024 results: JP¥1.76 loss per share (improved from JP¥8.63 loss in 3Q 2023). Revenue: JP¥14.2b (up 5.6% from 3Q 2023). Net loss: JP¥50.0m (loss narrowed 80% from 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Announcement • Nov 27
TBK Co., Ltd. to Report Q3, 2024 Results on Feb 08, 2024 TBK Co., Ltd. announced that they will report Q3, 2024 results on Feb 08, 2024 Reported Earnings • Nov 10
Second quarter 2024 earnings released: EPS: JP¥0.70 (vs JP¥12.93 loss in 2Q 2023) Second quarter 2024 results: EPS: JP¥0.70 (up from JP¥12.93 loss in 2Q 2023). Revenue: JP¥14.4b (up 3.7% from 2Q 2023). Net income: JP¥20.0m (up JP¥387.0m from 2Q 2023). Profit margin: 0.1% (up from net loss in 2Q 2023). Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 4% per year. Announcement • Aug 30
TBK Co., Ltd. to Report Q2, 2024 Results on Nov 09, 2023 TBK Co., Ltd. announced that they will report Q2, 2024 results on Nov 09, 2023 Reported Earnings • Aug 12
First quarter 2024 earnings released: JP¥3.10 loss per share (vs JP¥2.47 loss in 1Q 2023) First quarter 2024 results: JP¥3.10 loss per share (further deteriorated from JP¥2.47 loss in 1Q 2023). Revenue: JP¥13.3b (up 8.1% from 1Q 2023). Net loss: JP¥88.0m (loss widened 26% from 1Q 2023). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Board Change • Jul 29
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 Keiichi Murata was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Jun 16
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 5.2% 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 Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 24% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (5.2% average weekly change). Market cap is less than US$100m (JP¥10.3b market cap, or US$73.1m). Announcement • May 28
TBK Co., Ltd. to Report Q1, 2024 Results on Aug 10, 2023 TBK Co., Ltd. announced that they will report Q1, 2024 results on Aug 10, 2023 Reported Earnings • May 16
Full year 2023 earnings released: JP¥72.74 loss per share (vs JP¥27.60 profit in FY 2022) Full year 2023 results: JP¥72.74 loss per share (down from JP¥27.60 profit in FY 2022). Revenue: JP¥53.5b (up 4.5% from FY 2022). Net loss: JP¥2.07b (down 364% from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Announcement • May 11
TBK Co., Ltd., Annual General Meeting, Jun 29, 2023 TBK Co., Ltd., Annual General Meeting, Jun 29, 2023. Reported Earnings • Feb 12
Third quarter 2023 earnings released: JP¥8.63 loss per share (vs JP¥5.18 loss in 3Q 2022) Third quarter 2023 results: JP¥8.63 loss per share (further deteriorated from JP¥5.18 loss in 3Q 2022). Revenue: JP¥13.4b (up 7.6% from 3Q 2022). Net loss: JP¥245.0m (loss widened 67% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Announcement • Nov 27
TBK Co., Ltd. to Report Q3, 2023 Results on Feb 09, 2023 TBK Co., Ltd. announced that they will report Q3, 2023 results on Feb 09, 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, 3 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Outside Director Keiichi Murata 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. Reported Earnings • Nov 12
Second quarter 2023 earnings released: JP¥12.93 loss per share (vs JP¥8.28 profit in 2Q 2022) Second quarter 2023 results: JP¥12.93 loss per share (down from JP¥8.28 profit in 2Q 2022). Revenue: JP¥13.9b (up 7.8% from 2Q 2022). Net loss: JP¥367.0m (down 256% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥4.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 05 December 2022. 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 (3.7%). Lower than average of industry peers (3.1%). Announcement • Aug 31
TBK Co., Ltd. to Report Q2, 2023 Results on Nov 10, 2022 TBK Co., Ltd. announced that they will report Q2, 2023 results on Nov 10, 2022 Announcement • Aug 12
TBK Co., Ltd. Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2023 TBK Co., Ltd. provided consolidated earnings guidance for the fiscal year ending March 31, 2023. For the year, the company expects net sales of JPY 52,000 million, operating profit of JPY 900 million, profit attributable to owners of parent of JPY 500 million and basic earnings per share of JPY 17.62. Reported Earnings • Aug 12
First quarter 2023 earnings released: JP¥2.47 loss per share (vs JP¥23.16 profit in 1Q 2022) First quarter 2023 results: JP¥2.47 loss per share (down from JP¥23.16 profit in 1Q 2022). Revenue: JP¥12.3b (down 7.2% from 1Q 2022). Net loss: JP¥70.0m (down 111% from profit in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Jun 29
TBK Co., Ltd. to Report Q1, 2023 Results on Aug 10, 2022 TBK Co., Ltd. announced that they will report Q1, 2023 results on Aug 10, 2022 Reported Earnings • May 16
Full year 2022 earnings released: EPS: JP¥27.60 (vs JP¥6.73 loss in FY 2021) Full year 2022 results: EPS: JP¥27.60 (up from JP¥6.73 loss in FY 2021). Revenue: JP¥51.2b (up 17% from FY 2021). Net income: JP¥783.0m (up JP¥974.0m from FY 2021). Profit margin: 1.5% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • May 14
TBK Co., Ltd., Annual General Meeting, Jun 29, 2022 TBK Co., Ltd., Annual General Meeting, Jun 29, 2022. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 2 highly experienced directors. 2 independent directors (4 non-independent directors). Independent External Director Masayuki Yamazaki was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Apr 08
TBK Co., Ltd. to Report Fiscal Year 2022 Results on May 12, 2022 TBK Co., Ltd. announced that they will report fiscal year 2022 results on May 12, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 30 June 2022. Payout ratio is a comfortable 67% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.4%). In line with average of industry peers (3.0%). Reported Earnings • Feb 10
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: JP¥5.18 loss per share (down from JP¥17.10 profit in 3Q 2021). Revenue: JP¥12.5b (up 8.4% from 3Q 2021). Net loss: JP¥147.0m (down 130% from profit in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Reported Earnings • Nov 12
Second quarter 2022 earnings released: EPS JP¥8.28 (vs JP¥9.17 in 2Q 2021) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2022 results: Revenue: JP¥12.9b (up 20% from 2Q 2021). Net income: JP¥235.0m (down 9.6% from 2Q 2021). Profit margin: 1.8% (down from 2.4% in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 09
First quarter 2022 earnings released: EPS JP¥23.16 (vs JP¥14.21 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥13.3b (up 52% from 1Q 2021). Net income: JP¥657.0m (up JP¥1.06b from 1Q 2021). Profit margin: 4.9% (up from net loss in 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance. Reported Earnings • May 15
Full year 2021 earnings released: JP¥6.73 loss per share (vs JP¥107 loss in FY 2020) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2021 results: Revenue: JP¥44.0b (down 14% from FY 2020). Net loss: JP¥191.0m (loss narrowed 94% from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥3.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 29 June 2021. Trailing yield: 0.7%. Lower than top quartile of Japanese dividend payers (2.7%). Lower than average of industry peers (1.9%). Announcement • Mar 04
TBK Co., Ltd. to Report Fiscal Year 2021 Results on May 13, 2021 TBK Co., Ltd. announced that they will report fiscal year 2021 results on May 13, 2021 Reported Earnings • Feb 11
Third quarter 2021 earnings released: EPS JP¥17.10 (vs JP¥1.65 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: JP¥11.5b (down 7.4% from 3Q 2020). Net income: JP¥485.0m (up JP¥437.0m from 3Q 2020). Profit margin: 4.2% (up from 0.4% in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 100 percentage points per year, which is a significant difference in performance. Announcement • Sep 03
TBK Co., Ltd. to Report Q2, 2021 Results on Nov 10, 2020 TBK Co., Ltd. announced that they will report Q2, 2021 results on Nov 10, 2020 Announcement • Jun 19
TBK Co., Ltd. to Report Q1, 2021 Results on Aug 06, 2020 TBK Co., Ltd. announced that they will report Q1, 2021 results on Aug 06, 2020 
