Reported Earnings • May 15
First quarter 2026 earnings released: EPS: JP¥163 (vs JP¥140 in 1Q 2025) First quarter 2026 results: EPS: JP¥163 (up from JP¥140 in 1Q 2025). Revenue: JP¥32.0b (up 6.2% from 1Q 2025). Net income: JP¥4.46b (up 15% from 1Q 2025). Profit margin: 14% (up from 13% in 1Q 2025). 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 16% per year, which means it is well ahead of earnings. Duyuru • Feb 16
CTI Engineering Co., Ltd., Annual General Meeting, Mar 27, 2026 CTI Engineering Co., Ltd., Annual General Meeting, Mar 27, 2026. Reported Earnings • Feb 14
Full year 2025 earnings released: EPS: JP¥214 (vs JP¥243 in FY 2024) Full year 2025 results: EPS: JP¥214 (down from JP¥243 in FY 2024). Revenue: JP¥101.0b (up 3.4% from FY 2024). Net income: JP¥5.95b (down 12% from FY 2024). Profit margin: 5.9% (down from 6.9% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Feb 09
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 13% to JP¥3,230. The fair value is estimated to be JP¥2,651, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.0% over the last 3 years, while earnings per share has been flat. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥75.00 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 26 March 2026. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (2.5%). Reported Earnings • Nov 15
Third quarter 2025 earnings released: EPS: JP¥19.14 (vs JP¥13.80 in 3Q 2024) Third quarter 2025 results: EPS: JP¥19.14 (up from JP¥13.80 in 3Q 2024). Revenue: JP¥22.5b (up 4.8% from 3Q 2024). Net income: JP¥532.0m (up 39% from 3Q 2024). Profit margin: 2.4% (up from 1.8% in 3Q 2024). 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 24% per year, which means it is well ahead of earnings. Duyuru • Oct 29
CTI Engineering Co., Ltd. to Report Q3, 2025 Results on Nov 12, 2025 CTI Engineering Co., Ltd. announced that they will report Q3, 2025 results on Nov 12, 2025 Declared Dividend • Aug 14
Dividend of JP¥75.00 announced Shareholders will receive a dividend of JP¥75.00. Ex-date: 29th December 2025 Payment date: 26th March 2026 Dividend yield will be 2.5%, which is lower than the industry average of 2.9%. Sustainability & Growth Dividend is covered by earnings (37% earnings payout ratio) but not covered by cash flows (143% cash payout ratio). The dividend has increased by an average of 24% 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 15% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 13
Second quarter 2025 earnings released: JP¥4.03 loss per share (vs JP¥16.07 profit in 2Q 2024) Second quarter 2025 results: JP¥4.03 loss per share (down from JP¥16.07 profit in 2Q 2024). Revenue: JP¥20.7b (down 4.0% from 2Q 2024). Net loss: JP¥112.0m (down 125% from profit in 2Q 2024). 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 33% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Jun 20
CTI Engineering Co., Ltd. to Report Q2, 2025 Results on Aug 12, 2025 CTI Engineering Co., Ltd. announced that they will report Q2, 2025 results on Aug 12, 2025 New Risk • May 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: 6.3% Last year net profit margin: 9.4% 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 Dividend is not well covered by cash flows (143% cash payout ratio). Profit margins are more than 30% lower than last year (6.3% net profit margin). Duyuru • Mar 27
CTI Engineering Co., Ltd. to Report Q1, 2025 Results on May 13, 2025 CTI Engineering Co., Ltd. announced that they will report Q1, 2025 results on May 13, 2025 Duyuru • Feb 17
CTI Engineering Co., Ltd., Annual General Meeting, Mar 25, 2025 CTI Engineering Co., Ltd., Annual General Meeting, Mar 25, 2025. Reported Earnings • Feb 16
Full year 2024 earnings released: EPS: JP¥486 (vs JP¥271 in FY 2023) Full year 2024 results: EPS: JP¥486. Revenue: JP¥97.7b (up 5.0% from FY 2023). Net income: JP¥6.75b (down 11% from FY 2023). Profit margin: 6.9% (down from 8.1% in FY 2023). The decrease in margin was driven by higher expenses. Duyuru • Jan 03
CTI Engineering Co., Ltd. to Report Fiscal Year 2024 Results on Feb 14, 2025 CTI Engineering Co., Ltd. announced that they will report fiscal year 2024 results at 12:00 PM, Tokyo Standard Time on Feb 14, 2025 Upcoming Dividend • Dec 20
Upcoming dividend of JP¥150 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 27 March 2025. Payout ratio is a comfortable 31% but the company is not cash flow positive. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (3.3%). Reported Earnings • Nov 15
Third quarter 2024 earnings released: EPS: JP¥27.59 (vs JP¥60.08 in 3Q 2023) Third quarter 2024 results: EPS: JP¥27.59 (down from JP¥60.08 in 3Q 2023). Revenue: JP¥21.5b (flat on 3Q 2023). Net income: JP¥383.0m (down 54% from 3Q 2023). Profit margin: 1.8% (down from 3.9% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 20% per year. Duyuru • Oct 29
CTI Engineering Co., Ltd. (TSE:9621) agreed to acquire Hiroken Consultants Co.,Ltd. from Kazuhiro Motohiro. CTI Engineering Co., Ltd. (TSE:9621) agreed to acquire Hiroken Consultants Co.,Ltd. from Kazuhiro Motohiro on October 29, 2024. For the period ending March 31, 2024, Hiroken Consultants Co.,Ltd. reported total revenue of ¥1.59 billion and EBIT of ¥296.38 million. As of March 31, 2024, Hiroken Consultants Co.,Ltd. reported total assets of ¥3.28 billion and total common equity of ¥2.7 billion. The transaction is expected to complete on November 12, 2024. Duyuru • Oct 02
CTI Engineering Co., Ltd. to Report Q3, 2024 Results on Nov 12, 2024 CTI Engineering Co., Ltd. announced that they will report Q3, 2024 results on Nov 12, 2024 Reported Earnings • Aug 19
Second quarter 2024 earnings released: EPS: JP¥32.14 (vs JP¥182 in 2Q 2023) Second quarter 2024 results: EPS: JP¥32.14 (down from JP¥182 in 2Q 2023). Revenue: JP¥21.6b (down 5.7% from 2Q 2023). Net income: JP¥446.0m (down 82% from 2Q 2023). Profit margin: 2.1% (down from 11% in 2Q 2023). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 24% per year. Declared Dividend • Aug 15
Dividend of JP¥150 announced Dividend of JP¥150 is the same as last year. Ex-date: 27th December 2024 Payment date: 27th March 2025 Dividend yield will be 3.3%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by earnings (23% 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 25% 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 35% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. 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 6.3% 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 (6.3% average weekly change). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to JP¥3,915, the stock trades at a trailing P/E ratio of 5.9x. Average trailing P/E is 11x in the Construction industry in Japan. Total returns to shareholders of 84% over the past three years. Duyuru • Jun 30
CTI Engineering Co., Ltd. to Report Q2, 2024 Results on Aug 13, 2024 CTI Engineering Co., Ltd. announced that they will report Q2, 2024 results on Aug 13, 2024 Duyuru • May 29
CTI Engineering Co., Ltd. Provides Year-End Dividend for the Fiscal Year Ending December 31, 2024 CTI Engineering Co., Ltd. provided year-end dividend for the fiscal year ending December 31, 2024. For the period, the company expects to pay year-end dividend of JPY 150.00 per share compared to JPY 150.00 per share paid a year ago. Reported Earnings • May 16
First quarter 2024 earnings released: EPS: JP¥320 (vs JP¥198 in 1Q 2023) First quarter 2024 results: EPS: JP¥320 (up from JP¥198 in 1Q 2023). Revenue: JP¥29.2b (up 18% from 1Q 2023). Net income: JP¥4.44b (up 60% from 1Q 2023). Profit margin: 15% (up from 11% 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 26% per year whereas the company’s share price has increased by 27% per year. Duyuru • Apr 02
CTI Engineering Co., Ltd., Annual General Meeting, Apr 26, 2024 CTI Engineering Co., Ltd., Annual General Meeting, Apr 26, 2024, at 10:00 Tokyo Standard Time. Location: Tokyo-Nihonbashi tower 5F, 2-7-1 Nihonbashi, Chuo-ku Tokyo-to Bellesalle Tokyo Nihonbashi Room 10 + 11 Tokyo Japan Agenda: To consider Business Report, Consolidated Financial Statements for the Company's 61 Fiscal Year (January 1, 2023-December 31, 2023) and results of audits of Consolidated Financial Statements by Accounting Auditor and Board of Auditors; and to consider Non-consolidated Financial Statements for the Company s 61st Fiscal Year January 1, 2023-December 31, 2023. Duyuru • Mar 28
CTI Engineering Co., Ltd. to Report Q1, 2024 Results on May 13, 2024 CTI Engineering Co., Ltd. announced that they will report Q1, 2024 results on May 13, 2024 Reported Earnings • Mar 28
Full year 2023 earnings: EPS in line with expectations, revenues disappoint Full year 2023 results: EPS: JP¥542 (up from JP¥415 in FY 2022). Revenue: JP¥93.1b (up 12% from FY 2022). Net income: JP¥7.53b (up 28% from FY 2022). Profit margin: 8.1% (up from 7.0% in FY 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 27% per year. Duyuru • Feb 22
CTI Engineering Co., Ltd., Annual General Meeting, Mar 26, 2024 CTI Engineering Co., Ltd., Annual General Meeting, Mar 26, 2024, at 10:00 Tokyo Standard Time. Location: Banquet Room Fuji-Higashi no ma, 4F, Hotel Grand Arc Hanzomon located at 1-1, Hayabusa-cho, Chiyoda-ku Tokyo Japan Agenda: To consider Business Report, Consolidated Financial Statements for the Company's 61 Fiscal Year (January 1, 2023-December 31, 2023) and results of audits of Consolidated Financial Statements by Accounting Auditor and Board of Auditors; and to consider Non-consolidated Financial Statements for the Company s 61st Fiscal Year January 1, 2023-December 31, 2023. Duyuru • Dec 28
CTI Engineering Co., Ltd. to Report Fiscal Year 2023 Results on Feb 13, 2024 CTI Engineering Co., Ltd. announced that they will report fiscal year 2023 results on Feb 13, 2024 Upcoming Dividend • Dec 21
Upcoming dividend of JP¥150 per share at 3.0% yield Eligible shareholders must have bought the stock before 28 December 2023. Payment date: 29 March 2024. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.5%). In line with average of industry peers (3.2%). Duyuru • Nov 24
CTI Engineering Co., Ltd. Revises Consolidated and Non-Consolidated Earnings Guidance for the Fiscal Year 2023 CTI Engineering Co., Ltd. revised consolidated and non-consolidated earnings guidance for the fiscal year 2023. For the period, the company revised on consolidated basis: sales to be JPY 91,000 million from JPY 87,000 million previous guidance, operating income to be JPY 9,700 million from JPY 8,500 million previous guidance, net income attributable to owners of the parent to be JPY 7,000 million from JPY 6,300 million previous guidance and net income per share to be JPY 503.67 from JPY 453.30 previous guidance.For the period, the company revised on non consolidated basis: sales to be JPY 57,000 million from JPY 55,000 million previous guidance, net income to be JPY 6,500 million from JPY 5,800 million previous guidance and net income per share to be JPY 468.82 from JPY 417.32 previous guidance. Reported Earnings • Nov 11
Third quarter 2023 earnings released: EPS: JP¥60.08 (vs JP¥50.92 in 3Q 2022) Third quarter 2023 results: EPS: JP¥60.08 (up from JP¥50.92 in 3Q 2022). Revenue: JP¥21.4b (up 9.1% from 3Q 2022). Net income: JP¥833.0m (up 16% from 3Q 2022). Profit margin: 3.9% (up from 3.7% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 2.0% growth forecast for the Construction industry in Japan. Over the last 3 years on average, earnings per share has increased by 26% per year whereas the company’s share price has increased by 29% per year. Duyuru • Oct 14
CTI Engineering Co., Ltd. to Report Q3, 2023 Results on Nov 10, 2023 CTI Engineering Co., Ltd. announced that they will report Q3, 2023 results on Nov 10, 2023 New Risk • Aug 17
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 33% 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 (33% accrual ratio). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Aug 15
Second quarter 2023 earnings released: EPS: JP¥182 (vs JP¥95.62 in 2Q 2022) Second quarter 2023 results: EPS: JP¥182 (up from JP¥95.62 in 2Q 2022). Revenue: JP¥22.9b (up 25% from 2Q 2022). Net income: JP¥2.52b (up 86% from 2Q 2022). Profit margin: 11% (up from 7.4% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 28% per year whereas the company’s share price has increased by 31% per year. Valuation Update With 7 Day Price Move • Aug 15
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to JP¥4,100, the stock trades at a trailing P/E ratio of 9.2x. Average trailing P/E is 12x in the Construction industry in Japan. Total returns to shareholders of 139% over the past three years. Duyuru • Jun 14
CTI Engineering Co., Ltd. to Report Q2, 2023 Results on Aug 09, 2023 CTI Engineering Co., Ltd. announced that they will report Q2, 2023 results on Aug 09, 2023 Reported Earnings • May 14
First quarter 2023 earnings released: EPS: JP¥198 (vs JP¥173 in 1Q 2022) First quarter 2023 results: EPS: JP¥198 (up from JP¥173 in 1Q 2022). Revenue: JP¥24.8b (up 5.2% from 1Q 2022). Net income: JP¥2.77b (up 13% from 1Q 2022). Profit margin: 11% (in line with 1Q 2022). Over the last 3 years on average, earnings per share has increased by 28% per year and the company’s share price has also increased by 28% per year. Reported Earnings • Apr 01
Full year 2022 earnings released: EPS: JP¥415 (vs JP¥316 in FY 2021) Full year 2022 results: EPS: JP¥415 (up from JP¥316 in FY 2021). Revenue: JP¥83.5b (up 12% from FY 2021). Net income: JP¥5.87b (up 31% from FY 2021). Profit margin: 7.0% (up from 6.0% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 29% per year whereas the company’s share price has increased by 25% per year. Reported Earnings • Feb 20
Full year 2022 earnings released: EPS: JP¥415 (vs JP¥316 in FY 2021) Full year 2022 results: EPS: JP¥415 (up from JP¥316 in FY 2021). Revenue: JP¥83.5b (up 12% from FY 2021). Net income: JP¥5.87b (up 31% from FY 2021). Profit margin: 7.0% (up from 6.0% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Duyuru • Feb 15
CTI Engineering Co., Ltd. (TSE:9621) announces an Equity Buyback for 480,000 shares, representing 3.39% for ¥1,000 million. CTI Engineering Co., Ltd. (TSE:9621) announces a share repurchase program. Under the program, the company will repurchase up to 480,000 shares, representing 3.39% of its share capital, for ¥1,000 million. The program is aimed at improving capital efficiency, enhancing shareholder returns, and a transfer system as an incentive for sustainable growth. The program will expire on July 31, 2023. As of December 31, 2022, the company had 14,139,608 shares in issue (excluding treasury stock) and 19,478 shares in treasury. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥100.00 per share Eligible shareholders must have bought the stock before 29 December 2022. Payment date: 27 March 2023. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (3.7%). Duyuru • Dec 06
CTI Engineering Co., Ltd. to Report Fiscal Year 2022 Results on Feb 14, 2023 CTI Engineering Co., Ltd. announced that they will report fiscal year 2022 results on Feb 14, 2023 Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: JP¥50.92 (vs JP¥63.65 in 3Q 2021) Third quarter 2022 results: EPS: JP¥50.92 (down from JP¥63.65 in 3Q 2021). Revenue: JP¥19.6b (up 20% from 3Q 2021). Net income: JP¥720.0m (down 20% from 3Q 2021). Profit margin: 3.7% (down from 5.5% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 12
Third quarter 2022 earnings released: EPS: JP¥50.92 (vs JP¥63.65 in 3Q 2021) Third quarter 2022 results: EPS: JP¥50.92 (down from JP¥63.65 in 3Q 2021). Revenue: JP¥19.6b (up 20% from 3Q 2021). Net income: JP¥720.0m (down 20% from 3Q 2021). Profit margin: 3.7% (down from 5.5% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Duyuru • Sep 09
CTI Engineering Co., Ltd. to Report Q3, 2022 Results on Nov 10, 2022 CTI Engineering Co., Ltd. announced that they will report Q3, 2022 results on Nov 10, 2022 Reported Earnings • Aug 12
Second quarter 2022 earnings released: EPS: JP¥95.61 (vs JP¥144 in 2Q 2021) Second quarter 2022 results: EPS: JP¥95.61 (down from JP¥144 in 2Q 2021). Revenue: JP¥18.3b (down 19% from 2Q 2021). Net income: JP¥1.35b (down 33% from 2Q 2021). Profit margin: 7.4% (down from 9.0% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Duyuru • May 29
CTI Engineering Co., Ltd. to Report Q2, 2022 Results on Aug 09, 2022 CTI Engineering Co., Ltd. announced that they will report Q2, 2022 results on Aug 09, 2022 Reported Earnings • May 13
First quarter 2022 earnings released: EPS: JP¥173 (vs JP¥23.06 in 1Q 2021) First quarter 2022 results: EPS: JP¥173 (up from JP¥23.06 in 1Q 2021). Revenue: JP¥23.5b (up 85% from 1Q 2021). Net income: JP¥2.44b (up JP¥2.12b from 1Q 2021). Profit margin: 10% (up from 2.6% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. 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. 7 highly experienced directors. No independent directors (11 non-independent directors). Director Fumiko Kosao was the last director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Duyuru • Apr 14
CTI Engineering Co., Ltd. to Report Q1, 2022 Results on May 11, 2022 CTI Engineering Co., Ltd. announced that they will report Q1, 2022 results on May 11, 2022 Reported Earnings • Feb 16
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: JP¥316 (up from JP¥258 in FY 2020). Revenue: JP¥74.4b (up 14% from FY 2020). Net income: JP¥4.47b (up 23% from FY 2020). Profit margin: 6.0% (up from 5.6% in FY 2020). 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 increased by 28% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Duyuru • Feb 16
CTI Engineering Co., Ltd., Annual General Meeting, Mar 24, 2022 CTI Engineering Co., Ltd., Annual General Meeting, Mar 24, 2022. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥45.00 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 26 March 2022. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.3%). Lower than average of industry peers (3.3%). Reported Earnings • Nov 11
Third quarter 2021 earnings released: EPS JP¥63.64 (vs JP¥54.95 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥16.4b (up 6.8% from 3Q 2020). Net income: JP¥900.0m (up 16% from 3Q 2020). Profit margin: 5.5% (up from 5.1% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 14
First quarter 2021 earnings released: EPS JP¥23.06 (vs JP¥4.95 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: JP¥12.7b (up 11% from 1Q 2020). Net income: JP¥326.0m (up 366% from 1Q 2020). Profit margin: 2.6% (up from 0.6% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 31
Full year 2020 earnings released: EPS JP¥258 (vs JP¥199 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥65.2b (up 4.1% from FY 2019). Net income: JP¥3.65b (up 30% from FY 2019). Profit margin: 5.6% (up from 4.5% in FY 2019). The increase in margin was driven by higher revenue. 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 22% per year, which means it is significantly lagging earnings growth. Duyuru • Feb 16
CTI Engineering Co., Ltd., Annual General Meeting, Mar 25, 2021 CTI Engineering Co., Ltd., Annual General Meeting, Mar 25, 2021. Reported Earnings • Feb 14
Full year 2020 earnings released: EPS JP¥258 (vs JP¥199 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥65.2b (up 4.1% from FY 2019). Net income: JP¥3.65b (up 30% from FY 2019). Profit margin: 5.6% (up from 4.5% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 27% per year whereas the company’s share price has increased by 24% per year. Is New 90 Day High Low • Jan 20
New 90-day high: JP¥2,398 The company is up 28% from its price of JP¥1,868 on 22 October 2020. The Japanese market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is up 7.0% over the same period. Duyuru • Dec 24
CTI Engineering Co., Ltd. to Report Fiscal Year 2020 Results on Feb 12, 2021 CTI Engineering Co., Ltd. announced that they will report fiscal year 2020 results on Feb 12, 2021 Is New 90 Day High Low • Dec 24
New 90-day high: JP¥2,331 The company is up 16% from its price of JP¥2,015 on 25 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 Construction industry, which is down 3.0% over the same period. Duyuru • Oct 10
CTI Engineering Co., Ltd. to Report Q3, 2020 Results on Nov 10, 2020 CTI Engineering Co., Ltd. announced that they will report Q3, 2020 results on Nov 10, 2020 Duyuru • Jul 31
CTI Engineering Co., Ltd. (TSE:9621) agreed to acquire remaining 30% stake in CTI Engineering International Co., Ltd. CTI Engineering Co., Ltd. (TSE:9621) agreed to acquire remaining 30% stake in CTI Engineering International Co., Ltd. on July 28, 2020. Date of conclusion of share transfer agreement is early to mid-august, 2020. Post completion, CTI Engineering International Co., Ltd. will become wholly owned subsidiary of CTI Engineering Co., Ltd. Transaction is expected to be completed at the end of August, 2020. The impact of acquisition on CTI Engineering Co., Ltd. consolidated business results is immaterial. Duyuru • Jun 29
CTI Engineering Co., Ltd. to Report Q2, 2020 Results on Aug 11, 2020 CTI Engineering Co., Ltd. announced that they will report Q2, 2020 results on Aug 11, 2020