Reported Earnings • May 18
Full year 2026 earnings: EPS exceeds analyst expectations Full year 2026 results: EPS: JP¥224 (up from JP¥206 in FY 2025). Revenue: JP¥64.1b (up 2.0% from FY 2025). Net income: JP¥3.48b (up 7.2% from FY 2025). Profit margin: 5.4% (up from 5.2% in FY 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.8%. Revenue is forecast to grow 3.0% p.a. on average during the next 2 years, compared to a 3.5% growth forecast for the Metals and Mining industry in Japan. 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 18% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 14
Tokyo Rope Mfg. Co., Ltd., Annual General Meeting, Jun 26, 2026 Tokyo Rope Mfg. Co., Ltd., Annual General Meeting, Jun 26, 2026. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 12 June 2026. Payout ratio is a comfortable 33% but the company is paying out more than the cash it is generating. Trailing yield: 4.7%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.5%). Reported Earnings • Feb 14
Third quarter 2026 earnings released: EPS: JP¥72.36 (vs JP¥41.54 in 3Q 2025) Third quarter 2026 results: EPS: JP¥72.36 (up from JP¥41.54 in 3Q 2025). Revenue: JP¥16.2b (down 1.8% from 3Q 2025). Net income: JP¥1.13b (up 72% from 3Q 2025). Profit margin: 6.9% (up from 4.0% in 3Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Metals and Mining industry in Japan. 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 14% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Dec 10
First half dividend of JP¥40.00 announced Shareholders will receive a dividend of JP¥40.00. Ex-date: 30th March 2026 Payment date: 12th June 2026 Dividend yield will be 4.4%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is covered by earnings (37% earnings payout ratio) but not covered by cash flows (115% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to remain steady over the next 3 years, which should provide adequate earnings cover for the dividend. New Risk • Nov 19
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.4% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 Risks Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Earnings are forecast to decline by an average of 0.4% per year for the foreseeable future. Minor Risk Dividend is not well covered by cash flows (93% cash payout ratio). Reported Earnings • Nov 15
Second quarter 2026 earnings released: EPS: JP¥67.51 (vs JP¥28.96 in 2Q 2025) Second quarter 2026 results: EPS: JP¥67.51 (up from JP¥28.96 in 2Q 2025). Revenue: JP¥15.9b (up 7.2% from 2Q 2025). Net income: JP¥1.05b (up 130% from 2Q 2025). Profit margin: 6.6% (up from 3.1% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Metals and Mining industry in Japan. 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 19% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 13
Tokyo Rope Mfg. Co., Ltd. (TSE:5981) announces an Equity Buyback for 200,000 shares, representing 1.27% for ¥300 million. Tokyo Rope Mfg. Co., Ltd. (TSE:5981) announces a share repurchase program. Under the program, the company will repurchase 200,000 shares, representing 1.27% of the outstanding shares, for ¥300 million. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment, to provide returns to shareholders necessary to achieve the consolidated total return ratio of 40% or more (as outlined in the current Mid-Term Management Plan, "TCTRX"), and to execute investments in human capital for the sustainable growth of company. The program is valid till March 31, 2026. As of October 31, 2025, the company had 15,732,626 shares outstanding (excluding treasury stock) and 535,616 share in treasury. Reported Earnings • Aug 13
First quarter 2026 earnings released: EPS: JP¥43.16 (vs JP¥50.16 in 1Q 2025) First quarter 2026 results: EPS: JP¥43.16 (down from JP¥50.16 in 1Q 2025). Revenue: JP¥14.4b (down 3.3% from 1Q 2025). Net income: JP¥673.0m (down 15% from 1Q 2025). Profit margin: 4.7% (down from 5.3% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Metals and Mining industry in Japan. 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 12% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 15
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: JP¥206 (up from JP¥128 in FY 2024). Revenue: JP¥62.9b (down 2.1% from FY 2024). Net income: JP¥3.25b (up 59% from FY 2024). Profit margin: 5.2% (up from 3.2% in FY 2024). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 12%. Revenue is forecast to grow 3.9% p.a. on average during the next 2 years, compared to a 1.3% growth forecast for the Metals and Mining industry in Japan. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 11% per year. Announcement • May 13
Tokyo Rope Mfg. Co., Ltd., Annual General Meeting, Jun 27, 2025 Tokyo Rope Mfg. Co., Ltd., Annual General Meeting, Jun 27, 2025. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥60.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 12 June 2025. Payout ratio is a comfortable 33% and the cash payout ratio is 97%. Trailing yield: 4.4%. Within top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (4.1%). Announcement • Feb 28
Tokyo Rope Mfg. Co., Ltd. to Report Fiscal Year 2025 Results on May 13, 2025 Tokyo Rope Mfg. Co., Ltd. announced that they will report fiscal year 2025 results on May 13, 2025 Reported Earnings • Feb 14
Third quarter 2025 earnings released: EPS: JP¥41.54 (vs JP¥63.63 in 3Q 2024) Third quarter 2025 results: EPS: JP¥41.54 (down from JP¥63.63 in 3Q 2024). Revenue: JP¥16.5b (down 5.4% from 3Q 2024). Net income: JP¥657.0m (down 35% from 3Q 2024). Profit margin: 4.0% (down from 5.8% in 3Q 2024). Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 1.5% growth forecast for the Metals and Mining industry in Japan. Over the last 3 years on average, earnings per share has increased by 9% 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 • Nov 15
Second quarter 2025 earnings released: EPS: JP¥28.96 (vs JP¥20.64 in 2Q 2024) Second quarter 2025 results: EPS: JP¥28.96 (up from JP¥20.64 in 2Q 2024). Revenue: JP¥14.9b (flat on 2Q 2024). Net income: JP¥458.0m (up 39% from 2Q 2024). Profit margin: 3.1% (up from 2.2% in 2Q 2024). Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Metals and Mining industry in Japan. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 15% per year. Declared Dividend • Nov 14
Dividend increased to JP¥60.00 Dividend of JP¥60.00 is 50% higher than last year. Ex-date: 28th March 2025 Payment date: 12th June 2025 Dividend yield will be 4.9%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is well covered by both earnings (30% earnings payout ratio) and cash flows (30% cash payout ratio). The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. EPS is expected to grow by 55% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Nov 12
Tokyo Rope Mfg. Co., Ltd. (TSE:5981) announces an Equity Buyback for 250,000 shares, representing 1.57% for ¥300 million. Tokyo Rope Mfg. Co., Ltd. (TSE:5981) announces a share repurchase program. Under the program, the company will repurchase 250,000 shares, representing 1.57% of the outstanding shares, for ¥300 million. The purpose of the program is to increase the value of each share, implement flexible capital policies in response to changes in the business environment, and provide value to our shareholders to achieve further profit return. The program is valid till March 31, 2025. As of October 31, 2024, the company had 15,951,635 shares outstanding (excluding treasury stock) and 316,607 share in treasury. Reported Earnings • Aug 13
First quarter 2025 earnings released: EPS: JP¥50.16 (vs JP¥43.17 in 1Q 2024) First quarter 2025 results: EPS: JP¥50.16 (up from JP¥43.17 in 1Q 2024). Revenue: JP¥14.9b (down 4.4% from 1Q 2024). Net income: JP¥793.0m (up 15% from 1Q 2024). Profit margin: 5.3% (up from 4.4% in 1Q 2024). Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Metals and Mining industry in Japan. 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 4% per year, which means it is significantly lagging earnings growth. New Risk • Aug 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.2% 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 Risk Debt is not well covered by operating cash flow (15% operating cash flow to total debt). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.2% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.2% net profit margin). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 24% After last week's 24% share price decline to JP¥956, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 8x in the Metals and Mining industry in Japan. Total loss to shareholders of 3.2% over the past three years. Announcement • Jul 11
Tokyo Rope Mfg. Co., Ltd. to Report Q1, 2025 Results on Aug 08, 2024 Tokyo Rope Mfg. Co., Ltd. announced that they will report Q1, 2025 results on Aug 08, 2024 Reported Earnings • May 16
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: JP¥128 (down from JP¥235 in FY 2023). Revenue: JP¥64.2b (down 4.3% from FY 2023). Net income: JP¥2.04b (down 46% from FY 2023). Profit margin: 3.2% (down from 5.6% in FY 2023). Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) also missed analyst estimates by 32%. Revenue is forecast to grow 5.7% p.a. on average during the next 2 years, compared to a 3.4% growth forecast for the Metals and Mining industry in Japan. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • May 15
Tokyo Rope Mfg. Co., Ltd., Annual General Meeting, Jun 27, 2024 Tokyo Rope Mfg. Co., Ltd., Annual General Meeting, Jun 27, 2024. Announcement • Mar 23
Tokyo Rope Mfg. Co., Ltd. to Report Fiscal Year 2024 Results on May 13, 2024 Tokyo Rope Mfg. Co., Ltd. announced that they will report fiscal year 2024 results on May 13, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 12 June 2024. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (3.5%). Reported Earnings • Feb 10
Third quarter 2024 earnings released: EPS: JP¥63.62 (vs JP¥44.00 in 3Q 2023) Third quarter 2024 results: EPS: JP¥63.62 (up from JP¥44.00 in 3Q 2023). Revenue: JP¥17.5b (down 2.7% from 3Q 2023). Net income: JP¥1.02b (up 43% from 3Q 2023). Profit margin: 5.8% (up from 4.0% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Metals and Mining industry in Japan. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Dec 26
Tokyo Rope Mfg. Co., Ltd. (TSE:5981) announces an Equity Buyback for 150,000 shares, representing 0.93% for ¥200 million. Tokyo Rope Mfg. Co., Ltd. (TSE:5981) announces a share repurchase program. Under the program, the company will repurchase 150,000 shares, representing 0.93% of the outstanding shares, for ¥200 million. The purpose of the program is to improve the value per share, implement flexible capital policies in response to changes in the business environment, and further return profits to our shareholders. The program is valid till May 31, 2024. As of November 30, 2023, the company had 16,082,836 shares outstanding (excluding treasury stock) and 185,406 share in treasury. Announcement • Nov 30
Tokyo Rope Mfg. Co., Ltd. to Report Q3, 2024 Results on Feb 09, 2024 Tokyo Rope Mfg. Co., Ltd. announced that they will report Q3, 2024 results on Feb 09, 2024 Reported Earnings • Nov 11
Second quarter 2024 earnings released: EPS: JP¥20.64 (vs JP¥29.51 in 2Q 2023) Second quarter 2024 results: EPS: JP¥20.64 (down from JP¥29.51 in 2Q 2023). Revenue: JP¥15.0b (down 8.0% from 2Q 2023). Net income: JP¥329.0m (down 31% from 2Q 2023). Profit margin: 2.2% (down from 2.9% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 1.3% growth forecast for the Metals and Mining industry in Japan. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth. New Risk • Oct 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 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 Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Earnings are forecast to decline by an average of 0.2% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.2% average weekly change). Announcement • Sep 29
Tokyo Rope Mfg. Co., Ltd. to Report Q2, 2024 Results on Nov 10, 2023 Tokyo Rope Mfg. Co., Ltd. announced that they will report Q2, 2024 results on Nov 10, 2023 Reported Earnings • Aug 12
First quarter 2024 earnings released: EPS: JP¥43.17 (vs JP¥46.27 in 1Q 2023) First quarter 2024 results: EPS: JP¥43.17 (down from JP¥46.27 in 1Q 2023). Revenue: JP¥15.6b (down 2.1% from 1Q 2023). Net income: JP¥688.0m (down 7.8% from 1Q 2023). Profit margin: 4.4% (down from 4.7% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Japan are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 17
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2023 results: EPS: JP¥235 (up from JP¥81.04 in FY 2022). Revenue: JP¥67.1b (up 5.3% from FY 2022). Net income: JP¥3.78b (up 190% from FY 2022). Profit margin: 5.6% (up from 2.0% in FY 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) exceeded analyst estimates by 65%. Revenue is forecast to grow 6.1% p.a. on average during the next 2 years, while revenues in the Metals and Mining industry in Japan are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Announcement • May 14
Tokyo Rope Mfg. Co., Ltd., Annual General Meeting, Jun 28, 2023 Tokyo Rope Mfg. Co., Ltd., Annual General Meeting, Jun 28, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥30.00 per share at 2.6% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 13 June 2023. Payout ratio is a comfortable 12% but the company is not cash flow positive. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (4.6%). Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: JP¥44.00 (vs JP¥4.96 in 3Q 2022) Third quarter 2023 results: EPS: JP¥44.00 (up from JP¥4.96 in 3Q 2022). Revenue: JP¥18.0b (up 9.8% from 3Q 2022). Net income: JP¥710.0m (up JP¥630.0m from 3Q 2022). Profit margin: 4.0% (up from 0.5% in 3Q 2022). Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Japan are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Dec 24
Tokyo Rope Mfg. Co., Ltd. (TSE:5981) announces an Equity Buyback for 200,000 shares, representing 1.23% for ¥300 million. Tokyo Rope Mfg. Co., Ltd. (TSE:5981) announces a share repurchase program. Under the program, the company will repurchase 200,000 shares, representing 1.23% of the outstanding shares, for ¥300 million. The purpose of the program is to improve the value per share, implement a flexible capital policy in response to changes in the business environment, and further return profits to our shareholders. The program is valid till May 31, 2023. As of November 30, 2022, the company had 16,268,242 shares outstanding (excluding treasury stock) and 734 share in treasury. Board Change • Nov 16
High number of new and inexperienced directors There are 11 new directors who have joined the board in the last 3 years. The company's board is composed of: 11 new directors. No experienced directors. 1 highly experienced director. Outside Audit & Supervisory Board Member Tsuyoshi Odagi is the most experienced director on the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Nov 12
Second quarter 2023 earnings released: EPS: JP¥29.51 (vs JP¥23.84 in 2Q 2022) Second quarter 2023 results: EPS: JP¥29.51 (up from JP¥23.84 in 2Q 2022). Revenue: JP¥16.3b (up 6.8% from 2Q 2022). Net income: JP¥476.0m (up 24% from 2Q 2022). Profit margin: 2.9% (up from 2.5% in 2Q 2022). Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Japan are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 12
First quarter 2023 earnings released: EPS: JP¥46.27 (vs JP¥9.56 in 1Q 2022) First quarter 2023 results: EPS: JP¥46.27 (up from JP¥9.56 in 1Q 2022). Revenue: JP¥15.9b (up 13% from 1Q 2022). Net income: JP¥746.0m (up 384% from 1Q 2022). Profit margin: 4.7% (up from 1.1% in 1Q 2022). Over the next year, revenue is forecast to grow 2.8%, compared to a 2,013% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 16
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: JP¥81.04 (up from JP¥25.33 in FY 2021). Revenue: JP¥63.8b (up 7.8% from FY 2021). Net income: JP¥1.31b (up 220% from FY 2021). Profit margin: 2.0% (up from 0.7% in FY 2021). Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 9.0%. Over the next year, revenue is forecast to grow 1.9%, compared to a 4.4% growth forecast for the mining industry in Japan. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • May 14
Tokyo Rope Mfg. Co., Ltd., Annual General Meeting, Jun 28, 2022 Tokyo Rope Mfg. Co., Ltd., Annual General Meeting, Jun 28, 2022. Board Change • Apr 27
High number of new and inexperienced directors There are 11 new directors who have joined the board in the last 3 years. The company's board is composed of: 11 new directors. No experienced directors. 1 highly experienced director. Outside Audit & Supervisory Board Member Tsuyoshi Odagi is the most experienced director on the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Apr 08
Tokyo Rope Mfg. Co., Ltd. to Report Fiscal Year 2022 Results on May 12, 2022 Tokyo Rope Mfg. Co., Ltd. announced that they will report fiscal year 2022 results on May 12, 2022 Reported Earnings • Feb 12
Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2022 results: EPS: JP¥4.96 (down from JP¥11.73 in 3Q 2021). Revenue: JP¥16.4b (up 7.7% from 3Q 2021). Net income: JP¥80.0m (down 58% from 3Q 2021). Profit margin: 0.5% (down from 1.2% in 3Q 2021). Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) also surpassed analyst estimates. Over the next year, revenue is expected to shrink by 1.5% compared to a 3.0% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 16
Second quarter 2022 earnings released: EPS JP¥23.84 (vs JP¥13.90 loss in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥15.2b (up 16% from 2Q 2021). Net income: JP¥384.0m (up JP¥608.0m from 2Q 2021). Profit margin: 2.5% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Reported Earnings • May 17
Full year 2021 earnings released: EPS JP¥25.33 (vs JP¥151 loss in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥59.2b (down 6.2% from FY 2020). Net income: JP¥408.0m (up JP¥2.84b from FY 2020). Profit margin: 0.7% (up from net loss in FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance. Announcement • Mar 04
Tokyo Rope Mfg. Co., Ltd. to Report Fiscal Year 2021 Results on May 14, 2021 Tokyo Rope Mfg. Co., Ltd. announced that they will report fiscal year 2021 results on May 14, 2021 Reported Earnings • Feb 12
Third quarter 2021 earnings released: EPS JP¥11.73 (vs JP¥17.94 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥15.2b (down 1.5% from 3Q 2020). Net income: JP¥189.0m (down 35% from 3Q 2020). Profit margin: 1.2% (down from 1.9% in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 113 percentage points per year, which is a significant difference in performance. Analyst Estimate Surprise Post Earnings • Feb 12
Revenue beats expectations Revenue exceeded analyst estimates by 1.2%. Over the next year, revenue is forecast to grow 3.6%, compared to a 7.3% growth forecast for the Metals and Mining industry in Japan. Is New 90 Day High Low • Feb 05
New 90-day high: JP¥1,490 The company is up 199% from its price of JP¥499 on 06 November 2020. The Japanese market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 21% over the same period. Is New 90 Day High Low • Jan 14
New 90-day high: JP¥1,006 The company is up 96% from its price of JP¥512 on 16 October 2020. The Japanese market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 29% over the same period. Is New 90 Day High Low • Dec 01
New 90-day high: JP¥780 The company is up 54% from its price of JP¥508 on 02 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 8.0% over the same period. Announcement • Sep 21
Tokyo Rope Manufacturing Co., Ltd.(TSE:5981) dropped from S&P Global BMI Index Tokyo Rope Manufacturing Co., Ltd.(TSE:5981) dropped from S&P Global BMI Index Announcement • Jun 29
Dalian Koushin Enterprise Group Co., Ltd. agreed to acquire Tokyo Rope International Inc. from Tokyo Rope Manufacturing Co., Ltd. (TSE:5981). Dalian Koushin Enterprise Group Co., Ltd. agreed to acquire Tokyo Rope International Inc. from Tokyo Rope Manufacturing Co., Ltd. (TSE:5981) on June 26, 2020. Under the terms of the transaction, Dalian Koushin Enterprise Group Co., Ltd. will acquire 17,450 shares in Tokyo Rope International Inc. Upon completion, Tokyo Rope Manufacturing Co., Ltd. will own 0 shares in Tokyo Rope International Inc. For the year ended March 2020, Tokyo Rope International Inc. reported total assets of ¥1.6 billion and net assets of ¥1.6 billion. The transaction was resolved by the Board of Tokyo Rope Manufacturing Co., Ltd. The transaction is expected to close on July 31, 2020. The impact of the transfer of the subsidiary on our consolidated business results is currently under scrutiny.