Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥496, the stock trades at a trailing P/E ratio of 11.9x. Average trailing P/E is 10x in the Consumer Durables industry in Japan. Total returns to shareholders of 13% over the past three years. Announcement • May 27
Tone Co., Ltd. to Report Fiscal Year 2026 Results on Jul 10, 2026 Tone Co., Ltd. announced that they will report fiscal year 2026 results on Jul 10, 2026 Upcoming Dividend • May 21
Upcoming dividend of JP¥9.00 per share Eligible shareholders must have bought the stock before 28 May 2026. Payment date: 10 August 2026. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.7%). Reported Earnings • Apr 14
Third quarter 2026 earnings released: EPS: JP¥10.75 (vs JP¥1.55 in 3Q 2025) Third quarter 2026 results: EPS: JP¥10.75 (up from JP¥1.55 in 3Q 2025). Revenue: JP¥1.80b (up 6.6% from 3Q 2025). Net income: JP¥233.0m (up JP¥199.0m from 3Q 2025). Profit margin: 13% (up from 2.0% 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 4% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Announcement • Apr 03
Tone Co., Ltd. to Report Q3, 2026 Results on Apr 13, 2026 Tone Co., Ltd. announced that they will report Q3, 2026 results on Apr 13, 2026 Declared Dividend • Jan 16
Dividend of JP¥9.00 announced Dividend of JP¥9.00 is the same as last year. Ex-date: 28th May 2026 Payment date: 10th August 2026 Dividend yield will be 1.8%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is well covered by both earnings (28% earnings payout ratio) and cash flows (11% cash payout ratio). The dividend has increased by an average of 4.1% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend. New Risk • Jan 15
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: 9.5% Last year net profit margin: 14% 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 Profit margins are more than 30% lower than last year (9.5% net profit margin). Market cap is less than US$100m (JP¥11.5b market cap, or US$72.3m). Reported Earnings • Jan 15
Second quarter 2026 earnings released: EPS: JP¥10.97 (vs JP¥21.82 in 2Q 2025) Second quarter 2026 results: EPS: JP¥10.97 (down from JP¥21.82 in 2Q 2025). Revenue: JP¥1.98b (down 4.3% from 2Q 2025). Net income: JP¥226.0m (down 53% from 2Q 2025). Profit margin: 11% (down from 23% in 2Q 2025). The decrease in margin was primarily driven by higher expenses. 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 11% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Dec 01
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥501, the stock trades at a trailing P/E ratio of 11.8x. Average trailing P/E is 12x in the Consumer Durables industry in Japan. Total returns to shareholders of 37% over the past three years. Reported Earnings • Oct 11
First quarter 2026 earnings released: EPS: JP¥6.58 (vs JP¥0.92 loss in 1Q 2025) First quarter 2026 results: EPS: JP¥6.58 (up from JP¥0.92 loss in 1Q 2025). Revenue: JP¥1.42b (down 3.5% from 1Q 2025). Net income: JP¥151.0m (up JP¥171.0m from 1Q 2025). Profit margin: 11% (up from net loss in 1Q 2025). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Sep 02
Full year 2025 earnings released: EPS: JP¥35.94 (vs JP¥42.65 in FY 2024) Full year 2025 results: EPS: JP¥35.94 (down from JP¥42.65 in FY 2024). Revenue: JP¥7.59b (flat on FY 2024). Net income: JP¥787.0m (down 17% from FY 2024). Profit margin: 10% (down from 12% in FY 2024). 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 21% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Aug 29
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 5.0% 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 Share price has been volatile over the past 3 months (5.0% average weekly change). Market cap is less than US$100m (JP¥12.3b market cap, or US$83.6m). Valuation Update With 7 Day Price Move • Aug 29
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥561, the stock trades at a trailing P/E ratio of 15.6x. Average trailing P/E is 11x in the Consumer Durables industry in Japan. Total returns to shareholders of 73% over the past three years. Announcement • Jul 26
Tone Co., Ltd. to Report Q1, 2026 Results on Oct 10, 2025 Tone Co., Ltd. announced that they will report Q1, 2026 results on Oct 10, 2025 Reported Earnings • Jul 14
Full year 2025 earnings released: EPS: JP¥35.94 (vs JP¥42.65 in FY 2024) Full year 2025 results: EPS: JP¥35.94 (down from JP¥42.65 in FY 2024). Revenue: JP¥7.59b (flat on FY 2024). Net income: JP¥787.0m (down 17% from FY 2024). Profit margin: 10% (down from 12% in FY 2024). 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 17% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Jul 09
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 5.8% 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 Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.8% average weekly change). Market cap is less than US$100m (JP¥11.2b market cap, or US$75.8m). Announcement • May 27
Tone Co., Ltd. to Report Fiscal Year 2025 Results on Jul 11, 2025 Tone Co., Ltd. announced that they will report fiscal year 2025 results on Jul 11, 2025 Upcoming Dividend • May 22
Upcoming dividend of JP¥10.25 per share Eligible shareholders must have bought the stock before 29 May 2025. Payment date: 08 August 2025. Payout ratio is a comfortable 22% but the company is not cash flow positive. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (4.0%). Higher than average of industry peers (1.7%). Valuation Update With 7 Day Price Move • Apr 23
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥569, the stock trades at a trailing P/E ratio of 12.7x. Average trailing P/E is 12x in the Consumer Durables industry in Japan. Total returns to shareholders of 86% over the past three years. Reported Earnings • Apr 15
Third quarter 2025 earnings released Third quarter 2025 results: Revenue: JP¥1.69b (up 1.5% from 3Q 2024). Net income: JP¥34.0m (down 67% from 3Q 2024). Profit margin: 2.0% (down from 6.1% in 3Q 2024). The decrease in margin was driven by higher expenses. 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 16% per year. Announcement • Feb 27
Tone Co., Ltd. to Report Q3, 2025 Results on Apr 14, 2025 Tone Co., Ltd. announced that they will report Q3, 2025 results on Apr 14, 2025 Declared Dividend • Jan 16
Dividend of JP¥20.50 announced Dividend of JP¥20.50 is the same as last year. Ex-date: 29th May 2025 Payment date: 8th August 2025 Dividend yield will be 2.1%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is covered by earnings (20% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 6.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 2.2% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Jan 15
Second quarter 2025 earnings released: EPS: JP¥43.63 (vs JP¥25.57 in 2Q 2024) Second quarter 2025 results: EPS: JP¥43.63 (up from JP¥25.57 in 2Q 2024). Revenue: JP¥2.07b (up 1.3% from 2Q 2024). Net income: JP¥478.0m (up 69% from 2Q 2024). Profit margin: 23% (up from 14% in 2Q 2024). The increase in margin was primarily driven by lower expenses. 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 18% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Nov 28
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥1,216, the stock trades at a trailing P/E ratio of 14.7x. Average trailing P/E is 12x in the Consumer Durables industry in Japan. Total returns to shareholders of 98% over the past three years. Announcement • Nov 27
Tone Co., Ltd. to Report Q2, 2025 Results on Jan 14, 2025 Tone Co., Ltd. announced that they will report Q2, 2025 results on Jan 14, 2025 New Risk • Nov 17
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 5.4% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Oct 16
First quarter 2025 earnings released: JP¥1.83 loss per share (vs JP¥1.62 profit in 1Q 2024) First quarter 2025 results: JP¥1.83 loss per share (down from JP¥1.62 profit in 1Q 2024). Revenue: JP¥1.48b (up 13% from 1Q 2024). Net loss: JP¥20.0m (down 211% from profit in 1Q 2024). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Aug 29
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥1,334, the stock trades at a trailing P/E ratio of 16.2x. Average trailing P/E is 12x in the Consumer Durables industry in Japan. Total returns to shareholders of 103% over the past three years. Announcement • Aug 27
Tone Co., Ltd. to Report Q1, 2025 Results on Oct 11, 2024 Tone Co., Ltd. announced that they will report Q1, 2025 results on Oct 11, 2024 Reported Earnings • Jul 16
Full year 2024 earnings released: EPS: JP¥85.29 (vs JP¥80.15 in FY 2023) Full year 2024 results: EPS: JP¥85.29 (up from JP¥80.15 in FY 2023). Revenue: JP¥7.58b (up 11% from FY 2023). Net income: JP¥942.0m (up 8.8% from FY 2023). Profit margin: 12% (in line with FY 2023). 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 21% per year, which means it is well ahead of earnings. Announcement • Jul 12
Tone Co., Ltd., Annual General Meeting, Aug 28, 2024 Tone Co., Ltd., Annual General Meeting, Aug 28, 2024. Announcement • May 29
Tone Co., Ltd. to Report Fiscal Year 2024 Results on Jul 11, 2024 Tone Co., Ltd. announced that they will report fiscal year 2024 results on Jul 11, 2024 Upcoming Dividend • May 23
Upcoming dividend of JP¥20.50 per share Eligible shareholders must have bought the stock before 30 May 2024. Payment date: 30 August 2024. Payout ratio is a comfortable 31% but the company is not cash flow positive. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.4%). In line with average of industry peers (1.7%). Reported Earnings • Apr 14
Third quarter 2024 earnings released: EPS: JP¥9.23 (vs JP¥10.41 in 3Q 2023) Third quarter 2024 results: EPS: JP¥9.23 (down from JP¥10.41 in 3Q 2023). Revenue: JP¥1.66b (up 16% from 3Q 2023). Net income: JP¥102.0m (down 8.9% from 3Q 2023). Profit margin: 6.1% (down from 7.8% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥1,207, the stock trades at a trailing P/E ratio of 17.9x. Average trailing P/E is 11x in the Consumer Durables industry in Japan. Total returns to shareholders of 128% over the past three years. Reported Earnings • Jan 14
Second quarter 2024 earnings released: EPS: JP¥25.57 (vs JP¥23.96 in 2Q 2023) Second quarter 2024 results: EPS: JP¥25.57 (up from JP¥23.96 in 2Q 2023). Revenue: JP¥2.05b (up 19% from 2Q 2023). Net income: JP¥283.0m (up 9.3% from 2Q 2023). Profit margin: 14% (down from 15% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Reported Earnings • Oct 13
First quarter 2024 earnings released: EPS: JP¥1.62 (vs JP¥15.31 in 1Q 2023) First quarter 2024 results: EPS: JP¥1.62 (down from JP¥15.31 in 1Q 2023). Revenue: JP¥1.31b (down 6.2% from 1Q 2023). Net income: JP¥18.0m (down 89% from 1Q 2023). Profit margin: 1.4% (down from 12% in 1Q 2023). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 03
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to JP¥1,372, the stock trades at a trailing P/E ratio of 17.6x. Average trailing P/E is 10x in the Consumer Durables industry in Japan. Total returns to shareholders of 173% over the past three years. Announcement • Jul 16
Tone Co., Ltd., Annual General Meeting, Aug 29, 2023 Tone Co., Ltd., Annual General Meeting, Aug 29, 2023. Reported Earnings • Jul 15
Full year 2023 earnings released: EPS: JP¥80.15 (vs JP¥64.34 in FY 2022) Full year 2023 results: EPS: JP¥80.15 (up from JP¥64.34 in FY 2022). Revenue: JP¥6.80b (up 5.5% from FY 2022). Net income: JP¥866.0m (up 25% from FY 2022). Profit margin: 13% (up from 11% 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 5% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jul 14
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to JP¥1,148, the stock trades at a trailing P/E ratio of 15.4x. Average trailing P/E is 10x in the Consumer Durables industry in Japan. Total returns to shareholders of 143% over the past three years. Valuation Update With 7 Day Price Move • May 30
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥988, the stock trades at a trailing P/E ratio of 13.3x. Average trailing P/E is 10x in the Consumer Durables industry in Japan. Total returns to shareholders of 116% over the past three years. Upcoming Dividend • May 23
Upcoming dividend of JP¥12.00 per share at 1.0% yield Eligible shareholders must have bought the stock before 30 May 2023. Payment date: 29 August 2023. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Japanese dividend payers (3.5%). Lower than average of industry peers (1.6%). Announcement • May 17
Tone Co., Ltd. to Report Fiscal Year 2023 Results on Jul 13, 2023 Tone Co., Ltd. announced that they will report fiscal year 2023 results on Jul 13, 2023 Reported Earnings • Apr 15
Third quarter 2023 earnings released: EPS: JP¥10.41 (vs JP¥13.74 in 3Q 2022) Third quarter 2023 results: EPS: JP¥10.41 (down from JP¥13.74 in 3Q 2022). Revenue: JP¥1.43b (up 5.8% from 3Q 2022). Net income: JP¥112.0m (down 24% from 3Q 2022). Profit margin: 7.8% (down from 11% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 31% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to JP¥955, the stock trades at a trailing P/E ratio of 12.3x. Average trailing P/E is 10x in the Consumer Durables industry in Japan. Total returns to shareholders of 137% over the past three years. Announcement • Feb 01
Tone Co., Ltd. to Report Q3, 2023 Results on Apr 13, 2023 Tone Co., Ltd. announced that they will report Q3, 2023 results on Apr 13, 2023 Reported Earnings • Jan 14
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: JP¥1.72b (up 4.9% from 2Q 2022). Net income: JP¥259.0m (up 46% from 2Q 2022). Profit margin: 15% (up from 11% in 2Q 2022). Valuation Update With 7 Day Price Move • Dec 05
Investor sentiment deteriorated over the past week After last week's 26% share price decline to JP¥771, the stock trades at a trailing P/E ratio of 11x. Average trailing P/E is 9x in the Consumer Durables industry in Japan. Total returns to shareholders of 55% over the past three years. Board Change • Nov 16
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. 4 experienced directors. 3 highly experienced directors. 3 independent directors (4 non-independent directors). Independent External Director Daisuke Matsui was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Nov 10
Investor sentiment improved over the past week After last week's 18% share price gain to JP¥4,905, the stock trades at a trailing P/E ratio of 14x. Average trailing P/E is 9x in the Consumer Durables industry in Japan. Total returns to shareholders of 98% over the past three years. Announcement • Nov 02
Tone Co., Ltd. to Report Q2, 2023 Results on Jan 13, 2023 Tone Co., Ltd. announced that they will report Q2, 2023 results on Jan 13, 2023 Reported Earnings • Oct 15
First quarter 2023 earnings released: EPS: JP¥76.54 (vs JP¥48.09 in 1Q 2022) First quarter 2023 results: EPS: JP¥76.54 (up from JP¥48.09 in 1Q 2022). Revenue: JP¥1.39b (up 2.3% from 1Q 2022). Net income: JP¥165.0m (up 60% from 1Q 2022). Profit margin: 12% (up from 7.6% in 1Q 2022). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings. Announcement • Oct 14
Tone Co., Ltd. (TSE:5967) announces an Equity Buyback for 60,000 shares, representing 2.65% for ¥200 million. Tone Co., Ltd. (TSE:5967) announces a share repurchase program. Under the program, the company will repurchase up to 60,000 shares, representing 2.65% of its issued share capital (excluding treasury stock), for a total purchase price of ¥200 million. The purpose of the program is to enable execution of flexible capital policy in response to changes in the business environment. The program will continue through May 31, 2023. As of August 31, 2022, the company had 2,260,406 issued shares (excluding treasury stock) and 82,194 treasury shares. Valuation Update With 7 Day Price Move • Oct 14
Investor sentiment improved over the past week After last week's 20% share price gain to JP¥4,130, the stock trades at a trailing P/E ratio of 12.9x. Average trailing P/E is 9x in the Consumer Durables industry in Japan. Total returns to shareholders of 100% over the past three years. Announcement • Sep 04
Tone Co., Ltd. to Report Q1, 2023 Results on Oct 13, 2022 Tone Co., Ltd. announced that they will report Q1, 2023 results on Oct 13, 2022 Announcement • Jul 15
Tone Co., Ltd., Annual General Meeting, Aug 26, 2022 Tone Co., Ltd., Annual General Meeting, Aug 26, 2022. Reported Earnings • Jul 15
Full year 2022 earnings released: EPS: JP¥322 (vs JP¥427 in FY 2021) Full year 2022 results: EPS: JP¥322 (down from JP¥427 in FY 2021). Revenue: JP¥6.45b (up 5.3% from FY 2021). Net income: JP¥692.0m (down 18% from FY 2021). Profit margin: 11% (down from 14% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Upcoming Dividend • May 23
Upcoming dividend of JP¥60.00 per share Eligible shareholders must have bought the stock before 30 May 2022. Payment date: 30 August 2022. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.7%). 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. 4 experienced directors. 3 highly experienced directors. 3 independent directors (4 non-independent directors). Independent External Director Daisuke Matsui was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Apr 15
Third quarter 2022 earnings released: EPS: JP¥68.64 (vs JP¥92.25 in 3Q 2021) Third quarter 2022 results: EPS: JP¥68.64 (down from JP¥92.25 in 3Q 2021). Revenue: JP¥1.35b (up 2.2% from 3Q 2021). Net income: JP¥148.0m (down 18% from 3Q 2021). Profit margin: 11% (down from 14% in 3Q 2021). The decrease in margin was driven by higher expenses. 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 7% per year, which means it is well ahead of earnings. Announcement • Feb 04
Tone Co., Ltd. to Report Q3, 2022 Results on Apr 14, 2022 Tone Co., Ltd. announced that they will report Q3, 2022 results on Apr 14, 2022 Reported Earnings • Jan 16
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Second quarter 2022 results: EPS: JP¥82.15 (down from JP¥185 in 2Q 2021). Revenue: JP¥1.64b (down 1.7% from 2Q 2021). Net income: JP¥177.0m (down 51% from 2Q 2021). Profit margin: 11% (down from 22% in 2Q 2021). The decrease in margin was primarily driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Reported Earnings • Oct 14
First quarter 2022 earnings released: EPS JP¥48.08 (vs JP¥1.03 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥1.36b (up 32% from 1Q 2021). Net income: JP¥103.0m (up JP¥101.0m from 1Q 2021). Profit margin: 7.6% (up from 0.2% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Reported Earnings • Jul 15
Full year 2021 earnings released: EPS JP¥427 (vs JP¥322 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥6.12b (up 2.9% from FY 2020). Net income: JP¥841.0m (up 34% from FY 2020). Profit margin: 14% (up from 11% in FY 2020). 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 4% per year, which means it is well ahead of earnings. Upcoming Dividend • May 21
Upcoming dividend of JP¥60.00 per share Eligible shareholders must have bought the stock before 28 May 2021. Payment date: 31 August 2021. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (1.4%). Announcement • May 11
Tone Co., Ltd. announced that it has received ¥527.6388 million in funding from Central Automotive Products Ltd. On May 10, 2021, Tone Co., Ltd. (TSE:5967) closed the transaction. Reported Earnings • Apr 17
Third quarter 2021 earnings released The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥1.32b (up 6.9% from 3Q 2020). Net income: JP¥181.0m (up 89% from 3Q 2020). Profit margin: 14% (up from 7.8% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Announcement • Apr 16
Tone Co., Ltd. announced that it expects to receive ¥527.6388 million in funding from Central Automotive Products Ltd. Tone Co., Ltd. (TSE:5967) announced a private placement of 178,800 shares at an issue price of ¥2,951 per share for gross proceeds of ¥527,638,800 on April 14, 2021. The company is raising funding through third party allotment method. The transaction will include participation from Central Automotive Products Ltd. (TSE:8117). Post closing the transaction, the investor will hold 9.37% in the company. The transaction is expected to close on May 10, 2021. The transaction has been approved by the board of directors. Announcement • Feb 28
Tone Co., Ltd. to Report Q3, 2021 Results on Apr 14, 2021 Tone Co., Ltd. announced that they will report Q3, 2021 results on Apr 14, 2021 Reported Earnings • Jan 15
Second quarter 2021 earnings released: EPS JP¥185 The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: JP¥1.67b (down 6.9% from 2Q 2020). Net income: JP¥362.0m (up 37% from 2Q 2020). Profit margin: 22% (up from 15% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Jan 15
New 90-day high: JP¥2,900 The company is up 13% from its price of JP¥2,565 on 16 October 2020. The Japanese market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 33% over the same period. Announcement • Sep 04
Tone Co., Ltd. to Report Q1, 2021 Results on Oct 13, 2020 Tone Co., Ltd. announced that they will report Q1, 2021 results on Oct 13, 2020 Announcement • Jun 29
Tone Co., Ltd. to Report Fiscal Year 2020 Results on Jul 14, 2020 Tone Co., Ltd. announced that they will report fiscal year 2020 results on Jul 14, 2020