Reported Earnings • Aug 08
First quarter 2027 earnings released: EPS: JP¥10.23 (vs JP¥12.99 in 1Q 2026) First quarter 2027 results: EPS: JP¥10.23 (down from JP¥12.99 in 1Q 2026). Revenue: JP¥5.62b (up 13% from 1Q 2026). Net income: JP¥174.0m (down 21% from 1Q 2026). Profit margin: 3.1% (down from 4.4% in 1Q 2026). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 10% per year, which means it is performing significantly worse than earnings. Announcement • Jun 28
Tensho Electric Industries Co., Ltd. to Report Q1, 2027 Results on Aug 06, 2026 Tensho Electric Industries Co., Ltd. announced that they will report Q1, 2027 results on Aug 06, 2026 Reported Earnings • May 19
Full year 2026 earnings released: EPS: JP¥29.62 (vs JP¥74.30 in FY 2025) Full year 2026 results: EPS: JP¥29.62 (down from JP¥74.30 in FY 2025). Revenue: JP¥21.9b (down 22% from FY 2025). Net income: JP¥504.0m (down 60% from FY 2025). Profit margin: 2.3% (down from 4.5% in FY 2025). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • May 14
Tensho Electric Industries Co., Ltd., Annual General Meeting, Jun 25, 2026 Tensho Electric Industries Co., Ltd., Annual General Meeting, Jun 25, 2026. Announcement • May 10
Tensho Electric Industries Co., Ltd. to Report Fiscal Year 2026 Results on May 14, 2026 Tensho Electric Industries Co., Ltd. announced that they will report fiscal year 2026 results on May 14, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 26 June 2026. Payout ratio is a comfortable 8.3% but the company is paying out more than the cash it is generating. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (2.3%). Reported Earnings • Feb 14
Third quarter 2026 earnings released: EPS: JP¥16.34 (vs JP¥15.99 in 3Q 2025) Third quarter 2026 results: EPS: JP¥16.34 (up from JP¥15.99 in 3Q 2025). Revenue: JP¥5.78b (down 21% from 3Q 2025). Net income: JP¥278.0m (up 2.2% from 3Q 2025). Profit margin: 4.8% (up from 3.7% in 3Q 2025). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Dec 11
Tensho Electric Industries Co., Ltd. to Report Q3, 2026 Results on Feb 12, 2026 Tensho Electric Industries Co., Ltd. announced that they will report Q3, 2026 results on Feb 12, 2026 Reported Earnings • Nov 15
Second quarter 2026 earnings released: JP¥17.40 loss per share (vs JP¥0.70 profit in 2Q 2025) Second quarter 2026 results: JP¥17.40 loss per share (down from JP¥0.70 profit in 2Q 2025). Revenue: JP¥5.40b (down 25% from 2Q 2025). Net loss: JP¥296.0m (down JP¥308.0m from profit in 2Q 2025). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Announcement • Sep 27
Tensho Electric Industries Co., Ltd. to Report Q2, 2026 Results on Nov 12, 2025 Tensho Electric Industries Co., Ltd. announced that they will report Q2, 2026 results on Nov 12, 2025 Reported Earnings • Aug 10
First quarter 2026 earnings released: EPS: JP¥12.99 (vs JP¥9.52 in 1Q 2025) First quarter 2026 results: EPS: JP¥12.99 (up from JP¥9.52 in 1Q 2025). Revenue: JP¥4.99b (down 23% from 1Q 2025). Net income: JP¥221.0m (up 36% from 1Q 2025). Profit margin: 4.4% (up from 2.5% in 1Q 2025). 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 9% per year, which means it is significantly lagging earnings. Announcement • Jul 02
Tensho Electric Industries Co., Ltd. to Report Q1, 2026 Results on Aug 08, 2025 Tensho Electric Industries Co., Ltd. announced that they will report Q1, 2026 results on Aug 08, 2025 Reported Earnings • Jun 29
Full year 2025 earnings released: EPS: JP¥74.30 (vs JP¥55.72 in FY 2024) Full year 2025 results: EPS: JP¥74.30 (up from JP¥55.72 in FY 2024). Revenue: JP¥27.9b (up 3.6% from FY 2024). Net income: JP¥1.26b (up 33% from FY 2024). Profit margin: 4.5% (up from 3.5% in FY 2024). Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • May 20
Full year 2025 earnings released: EPS: JP¥75.47 (vs JP¥55.72 in FY 2024) Full year 2025 results: EPS: JP¥75.47 (up from JP¥55.72 in FY 2024). Revenue: JP¥27.9b (up 3.6% from FY 2024). Net income: JP¥1.28b (up 35% from FY 2024). Profit margin: 4.6% (up from 3.5% in FY 2024). Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • May 16
Tensho Electric Industries Co., Ltd., Annual General Meeting, Jun 25, 2025 Tensho Electric Industries Co., Ltd., Annual General Meeting, Jun 25, 2025. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 30 June 2025. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (2.6%). Announcement • Mar 20
Tensho Electric Industries Co., Ltd. to Report Fiscal Year 2025 Results on May 15, 2025 Tensho Electric Industries Co., Ltd. announced that they will report fiscal year 2025 results on May 15, 2025 Reported Earnings • Feb 14
Third quarter 2025 earnings released: EPS: JP¥15.99 (vs JP¥13.52 in 3Q 2024) Third quarter 2025 results: EPS: JP¥15.99 (up from JP¥13.52 in 3Q 2024). Revenue: JP¥7.27b (down 2.2% from 3Q 2024). Net income: JP¥272.0m (up 18% from 3Q 2024). Profit margin: 3.7% (up from 3.1% in 3Q 2024). The increase in margin was driven by lower expenses. 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 8% per year, which means it is significantly lagging earnings. Announcement • Nov 30
Tensho Electric Industries Co., Ltd. to Report Q3, 2025 Results on Feb 12, 2025 Tensho Electric Industries Co., Ltd. announced that they will report Q3, 2025 results on Feb 12, 2025 New Risk • Nov 26
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: 2.0% Last year net profit margin: 3.3% 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 (2.0% net profit margin). Market cap is less than US$100m (JP¥4.51b market cap, or US$29.2m). Announcement • Sep 06
Tensho Electric Industries Co., Ltd. to Report Q2, 2025 Results on Nov 14, 2024 Tensho Electric Industries Co., Ltd. announced that they will report Q2, 2025 results on Nov 14, 2024 Reported Earnings • Aug 11
First quarter 2025 earnings released: EPS: JP¥9.52 (vs JP¥13.81 in 1Q 2024) First quarter 2025 results: EPS: JP¥9.52 (down from JP¥13.81 in 1Q 2024). Revenue: JP¥6.44b (up 1.6% from 1Q 2024). Net income: JP¥162.0m (down 31% from 1Q 2024). Profit margin: 2.5% (down from 3.7% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. New Risk • Aug 05
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 8.0% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.0% average weekly change). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (JP¥4.53b market cap, or US$31.8m). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 31% After last week's 31% share price decline to JP¥266, the stock trades at a trailing P/E ratio of 4.8x. Average trailing P/E is 12x in the Chemicals industry in Japan. Total loss to shareholders of 41% over the past three years. Announcement • Jun 27
Tensho Electric Industries Co., Ltd. to Report Q1, 2025 Results on Aug 09, 2024 Tensho Electric Industries Co., Ltd. announced that they will report Q1, 2025 results on Aug 09, 2024 Reported Earnings • May 21
Full year 2024 earnings released: EPS: JP¥55.72 (vs JP¥35.97 in FY 2023) Full year 2024 results: EPS: JP¥55.72 (up from JP¥35.97 in FY 2023). Revenue: JP¥26.9b (up 13% from FY 2023). Net income: JP¥948.0m (up 55% from FY 2023). Profit margin: 3.5% (up from 2.6% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Announcement • May 17
Tensho Electric Industries Co., Ltd., Annual General Meeting, Jun 27, 2024 Tensho Electric Industries Co., Ltd., Annual General Meeting, Jun 27, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥3.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 5.6% but the company is not cash flow positive. Trailing yield: 0.7%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (2.1%). Announcement • Mar 15
Tensho Electric Industries Co., Ltd. to Report Fiscal Year 2024 Results on May 15, 2024 Tensho Electric Industries Co., Ltd. announced that they will report fiscal year 2024 results on May 15, 2024 Reported Earnings • Feb 15
Third quarter 2024 earnings released: EPS: JP¥13.52 (vs JP¥9.64 in 3Q 2023) Third quarter 2024 results: EPS: JP¥13.52 (up from JP¥9.64 in 3Q 2023). Revenue: JP¥7.43b (up 9.7% from 3Q 2023). Net income: JP¥230.0m (up 40% from 3Q 2023). Profit margin: 3.1% (up from 2.4% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Announcement • Dec 10
Tensho Electric Industries Co., Ltd. to Report Q3, 2024 Results on Feb 13, 2024 Tensho Electric Industries Co., Ltd. announced that they will report Q3, 2024 results on Feb 13, 2024 Reported Earnings • Nov 16
Second quarter 2024 earnings released: EPS: JP¥19.45 (vs JP¥13.23 in 2Q 2023) Second quarter 2024 results: EPS: JP¥19.45 (up from JP¥13.23 in 2Q 2023). Revenue: JP¥6.50b (up 9.1% from 2Q 2023). Net income: JP¥331.0m (up 47% from 2Q 2023). Profit margin: 5.1% (up from 3.8% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 20
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to JP¥469, the stock trades at a trailing P/E ratio of 10.7x. Average trailing P/E is 14x in the Chemicals industry in Japan. Total returns to shareholders of 61% over the past three years. Announcement • Sep 10
Tensho Electric Industries Co., Ltd. to Report Q2, 2024 Results on Nov 13, 2023 Tensho Electric Industries Co., Ltd. announced that they will report Q2, 2024 results on Nov 13, 2023 Reported Earnings • Aug 11
First quarter 2024 earnings released: EPS: JP¥13.81 (vs JP¥6.11 in 1Q 2023) First quarter 2024 results: EPS: JP¥13.81 (up from JP¥6.11 in 1Q 2023). Revenue: JP¥6.34b (up 28% from 1Q 2023). Net income: JP¥235.0m (up 126% from 1Q 2023). Profit margin: 3.7% (up from 2.1% in 1Q 2023). The increase in margin was driven by higher revenue. 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 5% per year, which means it is significantly lagging earnings growth. Announcement • Jun 28
Tensho Electric Industries Co., Ltd. to Report Q1, 2024 Results on Aug 10, 2023 Tensho Electric Industries Co., Ltd. announced that they will report Q1, 2024 results on Aug 10, 2023 Buying Opportunity • May 23
Now 23% undervalued Over the last 90 days, the stock is up 9.0%. The fair value is estimated to be JP¥457, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 5.2%. Reported Earnings • May 21
Full year 2023 earnings released: EPS: JP¥35.97 (vs JP¥14.46 in FY 2022) Full year 2023 results: EPS: JP¥35.97 (up from JP¥14.46 in FY 2022). Revenue: JP¥23.9b (up 23% from FY 2022). Net income: JP¥612.0m (up 149% from FY 2022). Profit margin: 2.6% (up from 1.3% 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 5% per year whereas the company’s share price has increased by 2% per year. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥3.00 per share at 0.9% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 28 June 2023. Payout ratio is a comfortable 9.4% but the company is not cash flow positive. Trailing yield: 0.9%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (2.8%). Reported Earnings • Feb 17
Third quarter 2023 earnings released: EPS: JP¥9.64 (vs JP¥10.35 in 3Q 2022) Third quarter 2023 results: EPS: JP¥9.64 (down from JP¥10.35 in 3Q 2022). Revenue: JP¥6.77b (up 16% from 3Q 2022). Net income: JP¥164.0m (down 6.8% from 3Q 2022). Profit margin: 2.4% (down from 3.0% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Announcement • Dec 01
Tensho Electric Industries Co., Ltd. to Report Q3, 2023 Results on Feb 14, 2023 Tensho Electric Industries Co., Ltd. announced that they will report Q3, 2023 results on Feb 14, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: JP¥13.22 (vs JP¥0.70 loss in 2Q 2022) Second quarter 2023 results: EPS: JP¥13.22 (up from JP¥0.70 loss in 2Q 2022). Revenue: JP¥5.96b (up 29% from 2Q 2022). Net income: JP¥225.0m (up JP¥237.0m from 2Q 2022). Profit margin: 3.8% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 7 highly experienced directors. No independent directors (9 non-independent directors). External Director Susumu Kanda was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Announcement • Sep 02
Tensho Electric Industries Co., Ltd. to Report Q2, 2023 Results on Nov 14, 2022 Tensho Electric Industries Co., Ltd. announced that they will report Q2, 2023 results on Nov 14, 2022 Reported Earnings • Aug 12
First quarter 2023 earnings released: EPS: JP¥6.11 (vs JP¥1.88 in 1Q 2022) First quarter 2023 results: EPS: JP¥6.11 (up from JP¥1.88 in 1Q 2022). Revenue: JP¥4.94b (up 23% from 1Q 2022). Net income: JP¥104.0m (up 225% from 1Q 2022). Profit margin: 2.1% (up from 0.8% in 1Q 2022). The increase in margin was driven by higher revenue. 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 4% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Jul 26
Investor sentiment improved over the past week After last week's 17% share price gain to JP¥363, the stock trades at a trailing P/E ratio of 25.1x. Average trailing P/E is 10x in the Chemicals industry in Japan. Total returns to shareholders of 6.2% over the past three years. Announcement • Jun 12
Tensho Electric Industries Co., Ltd. to Report Q1, 2023 Results on Aug 10, 2022 Tensho Electric Industries Co., Ltd. announced that they will report Q1, 2023 results on Aug 10, 2022 Announcement • May 18
Tensho Electric Industries Co., Ltd., Annual General Meeting, Jun 27, 2022 Tensho Electric Industries Co., Ltd., Annual General Meeting, Jun 27, 2022. Reported Earnings • May 16
Full year 2022 earnings released: EPS: JP¥14.46 (vs JP¥9.29 in FY 2021) Full year 2022 results: EPS: JP¥14.46 (up from JP¥9.29 in FY 2021). Revenue: JP¥19.4b (up 25% from FY 2021). Net income: JP¥246.0m (up 56% from FY 2021). Profit margin: 1.3% (up from 1.0% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 6 highly experienced directors. No independent directors (7 non-independent directors). External Standing Corporate Auditor Ken Yonezawa was the last 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: Lack of independent directors. Insufficient board refreshment. Announcement • Apr 08
Tensho Electric Industries Co., Ltd. to Report Fiscal Year 2022 Results on May 13, 2022 Tensho Electric Industries Co., Ltd. announced that they will report fiscal year 2022 results on May 13, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥3.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 28 June 2022. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (2.6%). Reported Earnings • Feb 20
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥10.35 (up from JP¥4.70 in 3Q 2021). Revenue: JP¥5.85b (up 27% from 3Q 2021). Net income: JP¥176.0m (up 120% from 3Q 2021). Profit margin: 3.0% (up from 1.7% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Nov 22
Investor sentiment improved over the past week After last week's 16% share price gain to JP¥448, the stock trades at a trailing P/E ratio of 41.4x. Average trailing P/E is 10x in the Chemicals industry in Japan. Total returns to shareholders of 141% over the past three years. Reported Earnings • Nov 15
Second quarter 2022 earnings released: JP¥0.70 loss per share (vs JP¥0.70 profit in 2Q 2021) The company reported a soft second quarter result with weaker earnings and weaker control over costs, although revenues improved. Second quarter 2022 results: Revenue: JP¥4.61b (up 21% from 2Q 2021). Net loss: JP¥12.0m (down 200% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings. Reported Earnings • Aug 09
First quarter 2022 earnings released: EPS JP¥1.88 (vs JP¥1.06 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¥4.01b (up 40% from 1Q 2021). Net income: JP¥32.0m (up JP¥50.0m from 1Q 2021). Profit margin: 0.8% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings. Announcement • May 26
Tensho Electric Industries Co., Ltd. (TSE:6776) completed the acquisition of Ryumai Plastics Co., Ltd. from Rp Topla Ltd. Tensho Electric Industries Co., Ltd. (TSE:6776) signed a basic agreement to acquire Ryumai Plastics Co., Ltd. from Rp Topla Ltd. on March 19, 2021. As of March 31, 2020, Ryumai had net assets of ¥336 million and total assets of ¥3.06 billion. As of March 19, 2021, Board of Directors of Tensho Electric approved the transaction. Transaction is expected to complete on July 1, 2021.
Tensho Electric Industries Co., Ltd. (TSE:6776) completed the acquisition of Ryumai Plastics Co., Ltd. from Rp Topla Ltd. on April 25, 2021. Valuation Update With 7 Day Price Move • May 23
Investor sentiment improved over the past week After last week's 16% share price gain to JP¥508, the stock trades at a trailing P/E ratio of 54.7x. Average trailing P/E is 14x in the Chemicals industry in Japan. Total returns to shareholders of 72% over the past three years. Reported Earnings • May 18
Full year 2021 earnings released: EPS JP¥9.29 (vs JP¥41.58 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥15.6b (down 15% from FY 2020). Net income: JP¥158.0m (down 77% from FY 2020). Profit margin: 1.0% (down from 3.8% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. 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: 0.5%. Lower than top quartile of Japanese dividend payers (2.7%). Lower than average of industry peers (1.8%). Announcement • Mar 21
Tensho Electric Industries Co., Ltd. (TSE:6776) signed a basic agreement to acquire Ryumai Plastics Co., Ltd. from Rp Topla Ltd. Tensho Electric Industries Co., Ltd. (TSE:6776) signed a basic agreement to acquire Ryumai Plastics Co., Ltd. from Rp Topla Ltd. on March 19, 2021. As of March 31, 2020, Ryumai had net assets of ¥336 million and total assets of ¥3.06 billion. As of March 19, 2021, Board of Directors of Tensho Electric approved the transaction. Transaction is expected to complete on July 1, 2021. Reported Earnings • Feb 14
Third quarter 2021 earnings released: EPS JP¥4.70 (vs JP¥12.81 in 3Q 2020) The company reported a poor third quarter result with weaker earnings and profit margins, although revenues were flat. Third quarter 2021 results: Revenue: JP¥4.62b (flat on 3Q 2020). Net income: JP¥80.0m (down 63% from 3Q 2020). Profit margin: 1.7% (down from 4.7% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jan 14
Investor sentiment deteriorated over the past week After last week's 16% share price decline to JP¥613, the stock is trading at a trailing P/E ratio of 31.1x, down from the previous P/E ratio of 37.1x. This compares to an average P/E of 17x in the Chemicals industry in Japan. Total returns to shareholders over the past three years are 61%. Valuation Update With 7 Day Price Move • Jan 04
Investor sentiment improved over the past week After last week's 23% share price gain to JP¥655, the stock is trading at a trailing P/E ratio of 33.3x, up from the previous P/E ratio of 27x. This compares to an average P/E of 17x in the Chemicals industry in Japan. Total returns to shareholders over the past three years are 70%. Announcement • Dec 23
Tensho Electric Industries Co., Ltd. to Report Q3, 2021 Results on Feb 12, 2021 Tensho Electric Industries Co., Ltd. announced that they will report Q3, 2021 results on Feb 12, 2021 Valuation Update With 7 Day Price Move • Dec 18
Investor sentiment deteriorated over the past week After last week's 19% share price decline to JP¥582, the stock is trading at a trailing P/E ratio of 29.6x, down from the previous P/E ratio of 36.6x. This compares to an average P/E of 17x in the Chemicals industry in Japan. Total returns to shareholders over the past three years are 56%. Is New 90 Day High Low • Dec 03
New 90-day high: JP¥452 The company is up 43% from its price of JP¥316 on 04 September 2020. The Japanese market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 17% over the same period. Valuation Update With 7 Day Price Move • Dec 02
Market bids up stock over the past week After last week's 22% share price gain to JP¥372, the stock is trading at a trailing P/E ratio of 18.9x, up from the previous P/E ratio of 15.5x. This compares to an average P/E of 16x in the Chemicals industry in Japan. Total returns to shareholders over the past three years were flat. Announcement • Oct 10
Tensho Electric Industries Co., Ltd. to Report Q2, 2021 Results on Nov 13, 2020 Tensho Electric Industries Co., Ltd. announced that they will report Q2, 2021 results on Nov 13, 2020 
