Announcement • 39m
Takaoka Toko Co., Ltd. to Report Q1, 2027 Results on Jul 30, 2026 Takaoka Toko Co., Ltd. announced that they will report Q1, 2027 results on Jul 30, 2026 Announcement • Apr 29
Takaoka Toko Co., Ltd., Annual General Meeting, Jun 26, 2026 Takaoka Toko Co., Ltd., Annual General Meeting, Jun 26, 2026. Buy Or Sell Opportunity • Apr 28
Now 27% overvalued after recent price rise Over the last 90 days, the stock has risen 68% to JP¥7,070. The fair value is estimated to be JP¥5,547, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.1% over the last 3 years. Earnings per share has grown by 19%. Revenue is forecast to grow by 11% in 2 years. Earnings are forecast to grow by 6.0% in the next 2 years. Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to JP¥5,950, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 18x in the Electrical industry in Japan. Total returns to shareholders of 179% over the past three years. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥58.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 30 June 2026. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.2%). Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥5,140, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 16x in the Electrical industry in Japan. Total returns to shareholders of 180% over the past three years. Reported Earnings • Jan 31
Third quarter 2026 earnings released: EPS: JP¥118 (vs JP¥86.39 in 3Q 2025) Third quarter 2026 results: EPS: JP¥118 (up from JP¥86.39 in 3Q 2025). Revenue: JP¥27.2b (up 4.9% from 3Q 2025). Net income: JP¥1.90b (up 37% from 3Q 2025). Profit margin: 7.0% (up from 5.3% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Electrical industry in Japan. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Jan 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Declared Dividend • Dec 02
First half dividend of JP¥49.00 announced Shareholders will receive a dividend of JP¥49.00. Ex-date: 30th March 2026 Payment date: 30th June 2026 Dividend yield will be 2.3%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is well covered by both earnings (8% earnings payout ratio) and cash flows (40% cash payout ratio). The dividend has increased by an average of 7.0% 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. EPS is expected to grow by 22% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 01
Second quarter 2026 earnings released: EPS: JP¥77.00 (vs JP¥32.30 in 2Q 2025) Second quarter 2026 results: EPS: JP¥77.00 (up from JP¥32.30 in 2Q 2025). Revenue: JP¥25.3b (up 5.8% from 2Q 2025). Net income: JP¥1.24b (up 139% from 2Q 2025). Profit margin: 4.9% (up from 2.2% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Electrical industry in Japan. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥37.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 02 December 2025. Payout ratio is a comfortable 19% but the company is paying out more than the cash it is generating. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.5%). Valuation Update With 7 Day Price Move • Aug 01
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥2,916, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 13x in the Electrical industry in Japan. Total returns to shareholders of 71% over the past three years. Reported Earnings • Jul 29
First quarter 2026 earnings released: EPS: JP¥59.32 (vs JP¥35.91 in 1Q 2025) First quarter 2026 results: EPS: JP¥59.32 (up from JP¥35.91 in 1Q 2025). Revenue: JP¥23.1b (down 2.5% from 1Q 2025). Net income: JP¥952.0m (up 65% from 1Q 2025). Profit margin: 4.1% (up from 2.4% in 1Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Electrical industry in Japan. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 15% per year. Announcement • Jul 25
Takaoka Toko Co., Ltd. Provides Earnings Guidance for the Fiscal Year Ending March 31, 2026 Takaoka Toko Co., Ltd. provided earnings guidance for the fiscal year ending March 31, 2026. For the year, the company expects Consolidated net sales JPY 108,000 million. Consolidated profit JPY 6,200 million. Profit attributable to owners of parent JPY 3,900 million and basic JPY 243 per share. Declared Dividend • Jul 09
Final dividend of JP¥37.00 announced Shareholders will receive a dividend of JP¥37.00. Ex-date: 29th September 2025 Payment date: 2nd December 2025 Dividend yield will be 2.5%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is covered by earnings (21% earnings payout ratio) but not covered by cash flows (115% cash payout ratio). The dividend has increased by an average of 4.0% 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. EPS is expected to grow by 53% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jul 03
Takaoka Toko Co., Ltd. to Report Q1, 2026 Results on Jul 25, 2025 Takaoka Toko Co., Ltd. announced that they will report Q1, 2026 results on Jul 25, 2025 New Risk • Apr 29
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 115% Dividend yield: 3.4% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Apr 26
Full year 2025 earnings: Revenues and EPS in line with analyst expectations Full year 2025 results: EPS: JP¥238 (down from JP¥290 in FY 2024). Revenue: JP¥106.6b (flat on FY 2024). Net income: JP¥3.82b (down 18% from FY 2024). Profit margin: 3.6% (down from 4.3% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 3.8% p.a. on average during the next 2 years, compared to a 4.0% growth forecast for the Electrical industry in Japan. Over the last 3 years on average, earnings per share has increased by 9% per year and the company’s share price has also increased by 9% per year. Buy Or Sell Opportunity • Apr 07
Now 27% undervalued after recent price drop Over the last 90 days, the stock has fallen 13% to JP¥1,776. The fair value is estimated to be JP¥2,421, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.3% over the last 3 years. Earnings per share has grown by 11%. Revenue is forecast to grow by 4.9% in 2 years. Earnings are forecast to grow by 14% in the next 2 years. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 30 June 2025. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.9%). Announcement • Feb 28
Takaoka Toko Co., Ltd. to Report Fiscal Year 2025 Results on Apr 25, 2025 Takaoka Toko Co., Ltd. announced that they will report fiscal year 2025 results on Apr 25, 2025 Reported Earnings • Jan 29
Third quarter 2025 earnings released: EPS: JP¥86.39 (vs JP¥118 in 3Q 2024) Third quarter 2025 results: EPS: JP¥86.39 (down from JP¥118 in 3Q 2024). Revenue: JP¥25.9b (down 9.6% from 3Q 2024). Net income: JP¥1.39b (down 27% from 3Q 2024). Profit margin: 5.3% (down from 6.6% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Electrical industry in Japan. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 14% per year. Announcement • Jan 29
Takaoka Toko Co., Ltd. to Report Q3, 2025 Results on Jan 28, 2025 Takaoka Toko Co., Ltd. announced that they will report Q3, 2025 results on Jan 28, 2025 Reported Earnings • Oct 29
Second quarter 2025 earnings released: EPS: JP¥32.29 (vs JP¥46.16 in 2Q 2024) Second quarter 2025 results: EPS: JP¥32.29 (down from JP¥46.16 in 2Q 2024). Revenue: JP¥23.9b (up 8.5% from 2Q 2024). Net income: JP¥518.0m (down 30% from 2Q 2024). Profit margin: 2.2% (down from 3.4% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 4.5% growth forecast for the Electrical industry in Japan. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 12% per year. Announcement • Sep 27
Takaoka Toko Co., Ltd. to Report Q2, 2025 Results on Oct 28, 2024 Takaoka Toko Co., Ltd. announced that they will report Q2, 2025 results on Oct 28, 2024 Upcoming Dividend • Sep 20
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.0%). 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¥1,511, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 12x in the Electrical industry in Japan. Total returns to shareholders of 16% over the past three years. Reported Earnings • Jul 28
First quarter 2025 earnings released: EPS: JP¥35.91 (vs JP¥43.27 in 1Q 2024) First quarter 2025 results: EPS: JP¥35.91 (down from JP¥43.27 in 1Q 2024). Revenue: JP¥23.7b (up 9.0% from 1Q 2024). Net income: JP¥576.0m (down 18% from 1Q 2024). Profit margin: 2.4% (down from 3.2% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 4.7% growth forecast for the Electrical 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 only increased by 12% per year, which means it is significantly lagging earnings growth. Announcement • Jul 27
Takaoka Toko Co., Ltd. to Report Q1, 2025 Results on Jul 26, 2024 Takaoka Toko Co., Ltd. announced that they will report Q1, 2025 results on Jul 26, 2024 New Risk • Jun 19
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 Share price has been highly volatile over the past 3 months (7.5% average weekly change). Earnings are forecast to decline by an average of 15% per year for the foreseeable future. New Risk • Jun 05
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 21% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 15% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • May 03
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥2,106, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 14x in the Electrical industry in Japan. Total returns to shareholders of 60% over the past three years. Announcement • Apr 29
Takaoka Toko Co., Ltd., Annual General Meeting, Jun 27, 2024 Takaoka Toko Co., Ltd., Annual General Meeting, Jun 27, 2024. Announcement • Mar 28
Takaoka Toko Co., Ltd. to Report Fiscal Year 2024 Results on Apr 25, 2024 Takaoka Toko Co., Ltd. announced that they will report fiscal year 2024 results on Apr 25, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.8%). New Risk • Jan 30
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 3.7% 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. This is currently the only risk that has been identified for the company. Announcement • Dec 02
Takaoka Toko Co., Ltd. to Report Q3, 2024 Results on Jan 29, 2024 Takaoka Toko Co., Ltd. announced that they will report Q3, 2024 results on Jan 29, 2024 Reported Earnings • Nov 01
Second quarter 2024 earnings released: EPS: JP¥46.16 (vs JP¥38.64 in 2Q 2023) Second quarter 2024 results: EPS: JP¥46.16 (up from JP¥38.64 in 2Q 2023). Revenue: JP¥22.0b (flat on 2Q 2023). Net income: JP¥743.0m (up 19% from 2Q 2023). Profit margin: 3.4% (up from 2.8% in 2Q 2023). Revenue is forecast to stay flat during the next 3 years compared to a 4.5% growth forecast for the Electrical industry in Japan. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥25.00 per share at 2.4% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 01 December 2023. Payout ratio is a comfortable 31% but the company is paying out more than the cash it is generating. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.9%). Announcement • Aug 27
Takaoka Toko Co., Ltd. to Report Q2, 2024 Results on Oct 30, 2023 Takaoka Toko Co., Ltd. announced that they will report Q2, 2024 results on Oct 30, 2023 New Risk • Jul 29
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: 2.6% Last year net profit margin: 4.0% 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 (dividend per share is over 5x cash flows per share). Profit margins are more than 30% lower than last year (2.6% net profit margin). Reported Earnings • Jul 28
First quarter 2024 earnings released: EPS: JP¥43.27 (vs JP¥61.70 in 1Q 2023) First quarter 2024 results: EPS: JP¥43.27 (down from JP¥61.70 in 1Q 2023). Revenue: JP¥21.7b (up 8.5% from 1Q 2023). Net income: JP¥699.0m (down 30% from 1Q 2023). Profit margin: 3.2% (down from 5.0% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Electrical industry in Japan. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Apr 28
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: JP¥181 (down from JP¥203 in FY 2022). Revenue: JP¥97.8b (up 6.3% from FY 2022). Net income: JP¥2.92b (down 11% from FY 2022). Profit margin: 3.0% (down from 3.6% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 5.1%. Earnings per share (EPS) missed analyst estimates by 23%. Revenue is forecast to stay flat during the next 2 years compared to a 4.6% growth forecast for the Electrical industry in Japan. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥25.00 per share at 2.1% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 13% but the company is not cash flow positive. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (2.0%). Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥2,489, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 11x in the Electrical industry in Japan. Total returns to shareholders of 181% over the past three years. Reported Earnings • Jan 28
Third quarter 2023 earnings released: EPS: JP¥57.38 (vs JP¥92.93 in 3Q 2022) Third quarter 2023 results: EPS: JP¥57.38 (down from JP¥92.93 in 3Q 2022). Revenue: JP¥24.0b (up 1.2% from 3Q 2022). Net income: JP¥927.0m (down 38% from 3Q 2022). Profit margin: 3.9% (down from 6.3% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Electrical 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 24% per year, which means it is significantly lagging earnings growth. Announcement • Jan 22
Takaoka Toko Co., Ltd. to Report Q3, 2023 Results on Jan 27, 2023 Takaoka Toko Co., Ltd. announced that they will report Q3, 2023 results on Jan 27, 2023 Board Change • Nov 16
High number of new directors There are 6 new directors who have joined the board in the last 3 years. President, Managing Executive Officer & Representative Director Takashi Ichinose was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 30
Second quarter 2023 earnings released: EPS: JP¥38.63 (vs JP¥30.91 in 2Q 2022) Second quarter 2023 results: EPS: JP¥38.63 (up from JP¥30.91 in 2Q 2022). Revenue: JP¥22.2b (up 14% from 2Q 2022). Net income: JP¥624.0m (up 25% from 2Q 2022). Profit margin: 2.8% (up from 2.6% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Electrical industry in Japan. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Oct 11
Now 21% undervalued Over the last 90 days, the stock is up 1.2%. The fair value is estimated to be JP¥2,255, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 51%. Revenue is forecast to grow by 4.3% in 2 years. Earnings is forecast to grow by 4.1% in the next 2 years. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 01 December 2022. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.9%). Buying Opportunity • Sep 13
Now 20% undervalued Over the last 90 days, the stock is up 13%. The fair value is estimated to be JP¥2,412, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 51%. Revenue is forecast to grow by 4.3% in 2 years. Earnings is forecast to grow by 4.1% in the next 2 years. Announcement • Sep 11
Takaoka Toko Co., Ltd. to Report Q2, 2023 Results on Oct 28, 2022 Takaoka Toko Co., Ltd. announced that they will report Q2, 2023 results on Oct 28, 2022 Buying Opportunity • Aug 23
Now 20% undervalued Over the last 90 days, the stock is up 13%. The fair value is estimated to be JP¥2,417, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 51%. Revenue is forecast to grow by 4.3% in 2 years. Earnings is forecast to grow by 4.1% in the next 2 years. Buying Opportunity • Aug 02
Now 23% undervalued Over the last 90 days, the stock is up 14%. The fair value is estimated to be JP¥2,436, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 51%. Revenue is forecast to grow by 4.3% in 2 years. Earnings is forecast to decline by 1.4% in the next 2 years. Reported Earnings • Jul 30
First quarter 2023 earnings released: EPS: JP¥61.70 (vs JP¥40.22 in 1Q 2022) First quarter 2023 results: EPS: JP¥61.70 (up from JP¥40.22 in 1Q 2022). Revenue: JP¥20.0b (down 1.8% from 1Q 2022). Net income: JP¥996.0m (up 54% from 1Q 2022). Profit margin: 5.0% (up from 3.2% in 1Q 2022). The increase in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 2.1%, compared to a 9.6% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Announcement • Jun 29
Takaoka Toko Co., Ltd. to Report Q1, 2023 Results on Jul 27, 2022 Takaoka Toko Co., Ltd. announced that they will report Q1, 2023 results on Jul 27, 2022 Board Change • May 27
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Managing Executive Officer & Director Takashi Ichinose was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 30
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: JP¥203 (up from JP¥87.27 in FY 2021). Revenue: JP¥91.9b (flat on FY 2021). Net income: JP¥3.28b (up 133% from FY 2021). Profit margin: 3.6% (up from 1.5% in FY 2021). Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) also surpassed analyst estimates by 32%. Over the next year, revenue is expected to shrink by 2.1% compared to a 6.4% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Apr 08
Takaoka Toko Co., Ltd. to Report Fiscal Year 2022 Results on Apr 27, 2022 Takaoka Toko Co., Ltd. announced that they will report fiscal year 2022 results on Apr 27, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 29 June 2022. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.7%). Reported Earnings • Jan 30
Third quarter 2022 earnings: EPS misses analyst expectations Third quarter 2022 results: EPS: JP¥92.92 (up from JP¥63.59 in 3Q 2021). Revenue: JP¥23.7b (down 2.3% from 3Q 2021). Net income: JP¥1.50b (up 46% from 3Q 2021). Profit margin: 6.3% (up from 4.2% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.4%. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 01
Second quarter 2022 earnings released: EPS JP¥30.91 (vs JP¥2.17 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¥19.5b (down 6.4% from 2Q 2021). Net income: JP¥499.0m (up JP¥464.0m from 2Q 2021). Profit margin: 2.6% (up from 0.2% 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 30% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 01 December 2021. Trailing yield: 3.4%. Within top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (1.2%). Reported Earnings • Aug 05
First quarter 2022 earnings released: EPS JP¥40.22 (vs JP¥2.23 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥20.4b (up 3.8% from 1Q 2021). Net income: JP¥649.0m (up JP¥613.0m from 1Q 2021). Profit margin: 3.2% (up from 0.2% in 1Q 2021). 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 5% per year, which means it is significantly lagging earnings. Reported Earnings • May 02
Full year 2021 earnings released: EPS JP¥87.27 (vs JP¥52.27 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¥91.9b (down 1.5% from FY 2020). Net income: JP¥1.41b (up 67% from FY 2020). Profit margin: 1.5% (up from 0.9% in FY 2020). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 30 June 2021. Trailing yield: 3.1%. Within top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.2%). Reported Earnings • Feb 02
Third quarter 2021 earnings released: EPS JP¥63.58 (vs JP¥57.28 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¥24.3b (down 2.1% from 3Q 2020). Net income: JP¥1.03b (up 11% from 3Q 2020). Profit margin: 4.2% (up from 3.7% 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 14% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Jan 16
Takaoka Toko Co., Ltd. to Report Q3, 2021 Results on Jan 29, 2021 Takaoka Toko Co., Ltd. announced that they will report Q3, 2021 results on Jan 29, 2021 Valuation Update With 7 Day Price Move • Dec 07
Market bids up stock over the past week After last week's 23% share price gain to JP¥1,636, the stock is trading at a trailing P/E ratio of 14.7x, up from the previous P/E ratio of 11.9x. This compares to an average P/E of 14x in the Electrical industry in Japan. Total return to shareholders over the past three years is a loss of 1.1%. Is New 90 Day High Low • Dec 01
New 90-day high: JP¥1,403 The company is up 41% from its price of JP¥998 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 Electrical industry, which is up 29% over the same period. Announcement • Oct 10
Takaoka Toko Co., Ltd. to Report Q2, 2021 Results on Oct 30, 2020 Takaoka Toko Co., Ltd. announced that they will report Q2, 2021 results on Oct 30, 2020 Announcement • Jul 19
Takaoka Toko Co., Ltd. to Report Q1, 2021 Results on Jul 31, 2020 Takaoka Toko Co., Ltd. announced that they will report Q1, 2021 results on Jul 31, 2020