Reported Earnings • May 19
Full year 2026 earnings released: EPS: JP¥113 (vs JP¥228 in FY 2025) Full year 2026 results: EPS: JP¥113 (down from JP¥228 in FY 2025). Revenue: JP¥12.9b (down 16% from FY 2025). Net income: JP¥496.0m (down 50% from FY 2025). Profit margin: 3.8% (down from 6.5% in FY 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Announcement • May 15
Takamisawa Cybernetics Company, Ltd. (TSE:6424) announces an Equity Buyback for 227,000 shares, representing 5.16% for ¥205.44 million. Takamisawa Cybernetics Company, Ltd. (TSE:6424) announces a share repurchase program. Under the program, the company will repurchase up to 227,000 shares, representing 5.16% of its issued share capital (excluding treasury stock), for a total purchase price of ¥205.43 million. The shares will be repurchased at a price of ¥905 per share. The purpose of the program is to improve capital efficiency and implement agile capital policies in response to changes in the business environment. As of May 14, 2026, the company has 4,398,568 issued shares (excluding treasury stock) and 126,432 treasury shares. Announcement • May 14
Takamisawa Cybernetics Company, Ltd., Annual General Meeting, Jun 24, 2026 Takamisawa Cybernetics Company, Ltd., Annual General Meeting, Jun 24, 2026. Announcement • May 10
Takamisawa Cybernetics Company, Ltd. to Report Fiscal Year 2026 Results on May 14, 2026 Takamisawa Cybernetics Company, Ltd. announced that they will report fiscal year 2026 results on May 14, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥23.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 29 June 2026. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%). Reported Earnings • Feb 16
Third quarter 2026 earnings released: JP¥14.55 loss per share (vs JP¥15.23 profit in 3Q 2025) Third quarter 2026 results: JP¥14.55 loss per share (down from JP¥15.23 profit in 3Q 2025). Revenue: JP¥2.77b (down 19% from 3Q 2025). Net loss: JP¥64.0m (down 196% from profit in 3Q 2025). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. New Risk • Dec 02
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: 4.2% Last year net profit margin: 8.2% 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 (4.2% net profit margin). Market cap is less than US$100m (JP¥4.11b market cap, or US$26.4m). Announcement • Dec 01
Takamisawa Cybernetics Company, Ltd. to Report Q3, 2026 Results on Feb 13, 2026 Takamisawa Cybernetics Company, Ltd. announced that they will report Q3, 2026 results on Feb 13, 2026 Announcement • Sep 01
Takamisawa Cybernetics Company, Ltd. to Report Q2, 2026 Results on Nov 14, 2025 Takamisawa Cybernetics Company, Ltd. announced that they will report Q2, 2026 results on Nov 14, 2025 Reported Earnings • Aug 10
First quarter 2026 earnings released: JP¥41.38 loss per share (vs JP¥30.92 profit in 1Q 2025) First quarter 2026 results: JP¥41.38 loss per share (down from JP¥30.92 profit in 1Q 2025). Revenue: JP¥2.31b (down 30% from 1Q 2025). Net loss: JP¥182.0m (down 234% from profit in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Jun 29
Takamisawa Cybernetics Company, Ltd. to Report Q1, 2026 Results on Aug 08, 2025 Takamisawa Cybernetics Company, Ltd. announced that they will report Q1, 2026 results on Aug 08, 2025 Reported Earnings • May 19
Full year 2025 earnings released: EPS: JP¥228 (vs JP¥149 in FY 2024) Full year 2025 results: EPS: JP¥228 (up from JP¥149 in FY 2024). Revenue: JP¥15.4b (up 18% from FY 2024). Net income: JP¥1.00b (up 53% from FY 2024). Profit margin: 6.5% (up from 5.0% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Announcement • May 14
Takamisawa Cybernetics Company, Ltd., Annual General Meeting, Jun 26, 2025 Takamisawa Cybernetics Company, Ltd., Annual General Meeting, Jun 26, 2025. New Risk • Apr 07
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.0% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (7.1% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (JP¥3.74b market cap, or US$25.6m). Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥876, the stock trades at a trailing P/E ratio of 3.4x. Average trailing P/E is 11x in the Electronic industry in Japan. Total returns to shareholders of 28% over the past three years. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 26 June 2025. Payout ratio is a comfortable 6.3% but the company is not cash flow positive. Trailing yield: 1.6%. Lower than top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (1.7%). Announcement • Mar 20
Takamisawa Cybernetics Company, Ltd. to Report Fiscal Year 2025 Results on May 14, 2025 Takamisawa Cybernetics Company, Ltd. announced that they will report fiscal year 2025 results on May 14, 2025 Reported Earnings • Feb 16
Third quarter 2025 earnings released: EPS: JP¥15.23 (vs JP¥67.08 in 3Q 2024) Third quarter 2025 results: EPS: JP¥15.23 (down from JP¥67.08 in 3Q 2024). Revenue: JP¥3.43b (down 1.4% from 3Q 2024). Net income: JP¥67.0m (down 77% from 3Q 2024). Profit margin: 2.0% (down from 8.5% in 3Q 2024). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Announcement • Nov 30
Takamisawa Cybernetics Company, Ltd. to Report Q3, 2025 Results on Feb 14, 2025 Takamisawa Cybernetics Company, Ltd. announced that they will report Q3, 2025 results on Feb 14, 2025 New Risk • Nov 27
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. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (21% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (5.4% average weekly change). Market cap is less than US$100m (JP¥4.58b market cap, or US$30.2m). New Risk • Nov 26
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 21% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (21% accrual ratio). Minor Risk Market cap is less than US$100m (JP¥4.68b market cap, or US$30.4m). Valuation Update With 7 Day Price Move • Nov 12
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥1,148, the stock trades at a trailing P/E ratio of 7.7x. Average trailing P/E is 13x in the Electronic industry in Japan. Total returns to shareholders of 41% over the past three years. Announcement • Sep 27
Takamisawa Cybernetics Company, Ltd. to Report Q2, 2025 Results on Nov 14, 2024 Takamisawa Cybernetics Company, Ltd. announced that they will report Q2, 2025 results on Nov 14, 2024 Valuation Update With 7 Day Price Move • Sep 02
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥1,187, the stock trades at a trailing P/E ratio of 8x. Average trailing P/E is 13x in the Electronic industry in Japan. Total returns to shareholders of 44% over the past three years. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to JP¥880, the stock trades at a trailing P/E ratio of 5.9x. Average trailing P/E is 12x in the Electronic industry in Japan. Total returns to shareholders of 2.0% over the past three years. New Risk • Aug 02
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 5.6% 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 (5.6% average weekly change). Market cap is less than US$100m (JP¥4.66b market cap, or US$31.3m). Announcement • Jun 28
Takamisawa Cybernetics Company, Ltd. to Report Q1, 2025 Results on Aug 09, 2024 Takamisawa Cybernetics Company, Ltd. announced that they will report Q1, 2025 results on Aug 09, 2024 Reported Earnings • May 19
Full year 2024 earnings released: EPS: JP¥149 (vs JP¥103 in FY 2023) Full year 2024 results: EPS: JP¥149 (up from JP¥103 in FY 2023). Revenue: JP¥13.1b (up 22% from FY 2023). Net income: JP¥655.0m (up 45% from FY 2023). Profit margin: 5.0% (up from 4.2% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Announcement • May 16
Takamisawa Cybernetics Company, Ltd., Annual General Meeting, Jun 25, 2024 Takamisawa Cybernetics Company, Ltd., Annual General Meeting, Jun 25, 2024. Announcement • Apr 10
Takamisawa Cybernetics Company, Ltd. to Report Fiscal Year 2024 Results on May 14, 2024 Takamisawa Cybernetics Company, Ltd. announced that they will report fiscal year 2024 results on May 14, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥17.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 9.7% and the cash payout ratio is 85%. Trailing yield: 1.0%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (1.4%). Reported Earnings • Feb 17
Third quarter 2024 earnings released: EPS: JP¥67.05 (vs JP¥28.65 loss in 3Q 2023) Third quarter 2024 results: EPS: JP¥67.05 (up from JP¥28.65 loss in 3Q 2023). Revenue: JP¥3.48b (up 53% from 3Q 2023). Net income: JP¥295.0m (up JP¥421.0m from 3Q 2023). Profit margin: 8.5% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. New Risk • Jan 15
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 Risks Debt is not well covered by operating cash flow (6.6% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (8.0% average weekly change). Minor Risk Market cap is less than US$100m (JP¥5.85b market cap, or US$40.2m). Valuation Update With 7 Day Price Move • Jan 15
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to JP¥1,331, the stock trades at a trailing P/E ratio of 27.7x. Average trailing P/E is 14x in the Electronic industry in Japan. Total returns to shareholders of 49% over the past three years. Announcement • Nov 29
Takamisawa Cybernetics Company, Ltd. to Report Q3, 2024 Results on Feb 14, 2024 Takamisawa Cybernetics Company, Ltd. announced that they will report Q3, 2024 results on Feb 14, 2024 New Risk • Nov 27
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 7.5% 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 Risks Debt is not well covered by operating cash flow (6.6% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (7.5% average weekly change). Minor Risk Market cap is less than US$100m (JP¥5.16b market cap, or US$34.7m). Valuation Update With 7 Day Price Move • Nov 24
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to JP¥1,247, the stock trades at a trailing P/E ratio of 26x. Average trailing P/E is 14x in the Electronic industry in Japan. Total returns to shareholders of 41% over the past three years. New Risk • Nov 20
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 6.6% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (6.6% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (5.7% average weekly change). Market cap is less than US$100m (JP¥4.38b market cap, or US$29.2m). Reported Earnings • Nov 20
Second quarter 2024 earnings released: JP¥9.55 loss per share (vs JP¥74.81 profit in 2Q 2023) Second quarter 2024 results: JP¥9.55 loss per share (down from JP¥74.81 profit in 2Q 2023). Revenue: JP¥2.35b (down 18% from 2Q 2023). Net loss: JP¥42.0m (down 113% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Announcement • Aug 30
Takamisawa Cybernetics Company, Ltd. to Report Q2, 2024 Results on Nov 14, 2023 Takamisawa Cybernetics Company, Ltd. announced that they will report Q2, 2024 results on Nov 14, 2023 Reported Earnings • Aug 14
First quarter 2024 earnings released: JP¥47.29 loss per share (vs JP¥77.08 loss in 1Q 2023) First quarter 2024 results: JP¥47.29 loss per share (improved from JP¥77.08 loss in 1Q 2023). Revenue: JP¥1.51b (up 21% from 1Q 2023). Net loss: JP¥208.0m (loss narrowed 39% from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Announcement • May 28
Takamisawa Cybernetics Company, Ltd. to Report Q1, 2024 Results on Aug 10, 2023 Takamisawa Cybernetics Company, Ltd. announced that they will report Q1, 2024 results on Aug 10, 2023 Reported Earnings • May 18
Full year 2023 earnings released: EPS: JP¥103 (vs JP¥24.78 in FY 2022) Full year 2023 results: EPS: JP¥103 (up from JP¥24.78 in FY 2022). Revenue: JP¥10.7b (up 8.1% from FY 2022). Net income: JP¥451.0m (up 314% from FY 2022). Profit margin: 4.2% (up from 1.1% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥12.00 per share at 0.6% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (1.6%). Valuation Update With 7 Day Price Move • Mar 21
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to JP¥1,618, the stock trades at a trailing P/E ratio of 25x. Average trailing P/E is 11x in the Electronic industry in Japan. Total returns to shareholders of 75% over the past three years. Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment improves as stock rises 41% After last week's 41% share price gain to JP¥1,338, the stock trades at a trailing P/E ratio of 20.7x. Average trailing P/E is 11x in the Electronic industry in Japan. Total returns to shareholders of 57% over the past three years. Reported Earnings • Feb 16
Third quarter 2023 earnings released: JP¥28.64 loss per share (vs JP¥34.79 loss in 3Q 2022) Third quarter 2023 results: JP¥28.64 loss per share (improved from JP¥34.79 loss in 3Q 2022). Revenue: JP¥2.28b (up 22% from 3Q 2022). Net loss: JP¥126.0m (loss narrowed 18% from 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Dec 01
Investor sentiment improved over the past week After last week's 18% share price gain to JP¥940, the stock trades at a trailing P/E ratio of 16x. Average trailing P/E is 11x in the Electronic industry in Japan. Total loss to shareholders of 26% over the past three years. Announcement • Nov 27
Takamisawa Cybernetics Company, Ltd. to Report Q3, 2023 Results on Feb 14, 2023 Takamisawa Cybernetics Company, Ltd. announced that they will report Q3, 2023 results on Feb 14, 2023 Reported Earnings • Nov 17
Second quarter 2023 earnings released: EPS: JP¥74.79 (vs JP¥9.32 in 2Q 2022) Second quarter 2023 results: EPS: JP¥74.79 (up from JP¥9.32 in 2Q 2022). Revenue: JP¥2.87b (up 7.8% from 2Q 2022). Net income: JP¥329.0m (up JP¥288.0m from 2Q 2022). Profit margin: 11% (up from 1.5% in 2Q 2022). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 14% per year. 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. 6 experienced directors. 6 highly experienced directors. No independent directors (12 non-independent directors). General Manager of Technical Division and Director Kazuo Takeda was the last director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Announcement • Aug 31
Takamisawa Cybernetics Company, Ltd. to Report Q2, 2023 Results on Nov 14, 2022 Takamisawa Cybernetics Company, Ltd. announced that they will report Q2, 2023 results on Nov 14, 2022 Reported Earnings • Aug 14
First quarter 2023 earnings released: JP¥77.07 loss per share (vs JP¥45.48 loss in 1Q 2022) First quarter 2023 results: JP¥77.07 loss per share (down from JP¥45.48 loss in 1Q 2022). Revenue: JP¥1.25b (down 31% from 1Q 2022). Net loss: JP¥339.0m (loss widened 70% from 1Q 2022). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Announcement • Jun 02
Takamisawa Cybernetics Company, Ltd. to Report Q1, 2023 Results on Aug 12, 2022 Takamisawa Cybernetics Company, Ltd. announced that they will report Q1, 2023 results on Aug 12, 2022 Announcement • May 18
Takamisawa Cybernetics Company, Ltd., Annual General Meeting, Jun 29, 2022 Takamisawa Cybernetics Company, Ltd., Annual General Meeting, Jun 29, 2022. 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. 6 experienced directors. 6 highly experienced directors. No independent directors (12 non-independent directors). General Manager of Technical Division and Director Kazuo Takeda was the last director to join the board, commencing their role in 2012. 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
Takamisawa Cybernetics Company, Ltd. to Report Fiscal Year 2022 Results on May 13, 2022 Takamisawa Cybernetics Company, Ltd. announced that they will report fiscal year 2022 results on May 13, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥12.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 30 June 2022. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.3%). Reported Earnings • Feb 17
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: JP¥34.77 loss per share (down from JP¥45.02 profit in 3Q 2021). Revenue: JP¥1.86b (down 39% from 3Q 2021). Net loss: JP¥153.0m (down 177% from profit in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 16
Second quarter 2022 earnings released: EPS JP¥9.32 (vs JP¥5.46 in 2Q 2021) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2022 results: Revenue: JP¥2.67b (down 12% from 2Q 2021). Net income: JP¥41.0m (up 71% from 2Q 2021). Profit margin: 1.5% (up from 0.8% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 15
First quarter 2022 earnings released: JP¥45.47 loss per share (vs JP¥72.53 loss in 1Q 2021) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2022 results: Revenue: JP¥1.81b (up 9.7% from 1Q 2021). Net loss: JP¥200.0m (loss narrowed 37% from 1Q 2021). 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 11% per year, which means it is significantly lagging earnings. Reported Earnings • May 20
Full year 2021 earnings released: EPS JP¥146 (vs JP¥188 in FY 2020) The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2021 results: Revenue: JP¥12.7b (down 23% from FY 2020). Net income: JP¥642.0m (down 22% from FY 2020). Profit margin: 5.0% (in line with FY 2020). Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 29 June 2021. Trailing yield: 1.0%. Lower than top quartile of Japanese dividend payers (2.7%). In line with average of industry peers (1.1%). Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improved over the past week After last week's 19% share price gain to JP¥1,093, the stock trades at a trailing P/E ratio of 10.2x. Average trailing P/E is 18x in the Electronic industry in Japan. Total loss to shareholders of 4.3% over the past three years. Reported Earnings • Feb 14
Third quarter 2021 earnings released: EPS JP¥45.00 (vs JP¥22.74 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¥3.05b (down 7.6% from 3Q 2020). Net income: JP¥198.0m (up 98% from 3Q 2020). Profit margin: 6.5% (up from 3.0% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Is New 90 Day High Low • Dec 22
New 90-day low: JP¥900 The company is down 3.0% from its price of JP¥931 on 23 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 18% over the same period. Announcement • Nov 29
Takamisawa Cybernetics Company, Ltd. to Report Q3, 2021 Results on Feb 12, 2021 Takamisawa Cybernetics Company, Ltd. announced that they will report Q3, 2021 results on Feb 12, 2021 Reported Earnings • Nov 15
Second quarter 2021 earnings released: EPS JP¥5.46 The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥3.03b (down 30% from 2Q 2020). Net income: JP¥24.0m (down 94% from 2Q 2020). Profit margin: 0.8% (down from 8.9% in 2Q 2020). The decrease in margin was driven by lower 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 2% per year, which means it is significantly lagging earnings. Announcement • Aug 30
Takamisawa Cybernetics Company, Ltd. to Report Q2, 2021 Results on Nov 13, 2020 Takamisawa Cybernetics Company, Ltd. announced that they will report Q2, 2021 results on Nov 13, 2020 Announcement • Jun 28
Takamisawa Cybernetics Company, Ltd. to Report Q1, 2021 Results on Aug 12, 2020 Takamisawa Cybernetics Company, Ltd. announced that they will report Q1, 2021 results on Aug 12, 2020