Price Target Changed • Jun 01
Price target decreased by 8.1% to JP¥2,767 Down from JP¥3,010, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of JP¥2,853. Stock is up 31% over the past year. The company is forecast to post earnings per share of JP¥272 for next year compared to JP¥346 last year. Reported Earnings • May 20
Full year 2026 earnings: EPS and revenues exceed analyst expectations Full year 2026 results: EPS: JP¥346 (up from JP¥328 in FY 2025). Revenue: JP¥644.7b (up 4.4% from FY 2025). Net income: JP¥29.5b (up 6.0% from FY 2025). Profit margin: 4.6% (up from 4.5% in FY 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 9.7%. Revenue is forecast to grow 1.7% p.a. on average during the next 2 years, compared to a 3.5% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Announcement • May 15
Tokai Rika Co., Ltd., Annual General Meeting, Jun 12, 2026 Tokai Rika Co., Ltd., Annual General Meeting, Jun 12, 2026. Announcement • May 11
Tokai Rika Co., Ltd. to Report Fiscal Year 2026 Results on May 15, 2026 Tokai Rika Co., Ltd. announced that they will report fiscal year 2026 results on May 15, 2026 Announcement • Apr 21
Tokai Rika Co., Ltd. to Report Fiscal Year 2026 Results on Apr 24, 2026 Tokai Rika Co., Ltd. announced that they will report fiscal year 2026 results on Apr 24, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥50.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 27 May 2026. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 3.6%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.8%). Buy Or Sell Opportunity • Feb 27
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 13% to JP¥3,345. The fair value is estimated to be JP¥2,751, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.3% over the last 3 years. Earnings per share has grown by 34%. Revenue is forecast to grow by 2.4% in 2 years. Earnings are forecast to decline by 13% in the next 2 years. Buy Or Sell Opportunity • Feb 10
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 13% to JP¥3,300. The fair value is estimated to be JP¥2,746, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.3% over the last 3 years. Earnings per share has grown by 34%. Revenue is forecast to grow by 2.4% in 2 years. Earnings are forecast to decline by 13% in the next 2 years. Reported Earnings • Feb 03
Third quarter 2026 earnings released: EPS: JP¥93.99 (vs JP¥142 in 3Q 2025) Third quarter 2026 results: EPS: JP¥93.99 (down from JP¥142 in 3Q 2025). Revenue: JP¥164.9b (up 6.0% from 3Q 2025). Net income: JP¥8.00b (down 33% from 3Q 2025). Profit margin: 4.9% (down from 7.7% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Price Target Changed • Jan 17
Price target increased by 14% to JP¥2,743 Up from JP¥2,410, the current price target is an average from 3 analysts. New target price is 17% below last closing price of JP¥3,305. Stock is up 52% over the past year. The company is forecast to post earnings per share of JP¥288 for next year compared to JP¥328 last year. Major Estimate Revision • Dec 02
Consensus EPS estimates increase by 18% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from JP¥233 to JP¥276. Revenue forecast steady at JP¥620.7b. Net income forecast to shrink 34% next year vs 7.3% growth forecast for Auto Components industry in Japan . Consensus price target up from JP¥2,410 to JP¥2,477. Share price rose 4.6% to JP¥2,988 over the past week. Declared Dividend • Nov 27
First half dividend of JP¥50.00 announced Shareholders will receive a dividend of JP¥50.00. Ex-date: 30th March 2026 Payment date: 27th May 2026 Dividend yield will be 3.6%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by both earnings (12% earnings payout ratio) and cash flows (53% cash payout ratio). The dividend has increased by an average of 5.8% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 27% over the next 3 years. However, it would need to fall by 87% to increase the payout ratio to a potentially unsustainable range. New Risk • Oct 31
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 7.5% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 7.5% per year for the foreseeable future. Minor Risk Dividend is not well covered by cash flows (94% cash payout ratio). Buy Or Sell Opportunity • Oct 28
Now 20% undervalued Over the last 90 days, the stock has risen 6.0% to JP¥2,673. The fair value is estimated to be JP¥3,362, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.0% over the last 3 years. Earnings per share has grown by 47%. Revenue is forecast to grow by 3.3% in 2 years. Earnings are forecast to decline by 7.2% in the next 2 years. Buy Or Sell Opportunity • Oct 08
Now 22% undervalued Over the last 90 days, the stock has risen 15% to JP¥2,650. The fair value is estimated to be JP¥3,385, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.0% over the last 3 years. Earnings per share has grown by 47%. Revenue is forecast to grow by 3.2% in 2 years. Earnings are forecast to decline by 5.7% in the next 2 years. Announcement • Sep 27
Tokai Rika Co., Ltd. to Report Q2, 2026 Results on Oct 30, 2025 Tokai Rika Co., Ltd. announced that they will report Q2, 2026 results on Oct 30, 2025 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥45.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 26 November 2025. Payout ratio is a comfortable 32% and the cash payout ratio is 94%. Trailing yield: 3.5%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (3.0%). Buy Or Sell Opportunity • Sep 19
Now 20% undervalued Over the last 90 days, the stock has risen 25% to JP¥2,692. The fair value is estimated to be JP¥3,369, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.0% over the last 3 years. Earnings per share has grown by 47%. Revenue is forecast to grow by 3.2% in 2 years. Earnings are forecast to decline by 5.7% in the next 2 years. Reported Earnings • Jul 31
First quarter 2026 earnings released: EPS: JP¥60.90 (vs JP¥89.59 in 1Q 2025) First quarter 2026 results: EPS: JP¥60.90 (down from JP¥89.59 in 1Q 2025). Revenue: JP¥152.7b (flat on 1Q 2025). Net income: JP¥5.18b (down 32% from 1Q 2025). Profit margin: 3.4% (down from 5.0% in 1Q 2025). Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Declared Dividend • Jul 09
Final dividend of JP¥45.00 announced Shareholders will receive a dividend of JP¥45.00. Ex-date: 29th September 2025 Payment date: 26th November 2025 Dividend yield will be 4.1%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (29% earnings payout ratio) but not adequately covered by cash flows (94% cash payout ratio). The dividend has increased by an average of 7.5% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 5.1% over the next 3 years. However, it would need to fall by 68% to increase the payout ratio to a potentially unsustainable range. Announcement • May 31
Tokai Rika Co., Ltd. to Report Q1, 2026 Results on Jul 30, 2025 Tokai Rika Co., Ltd. announced that they will report Q1, 2026 results on Jul 30, 2025 Announcement • Apr 26
Tokai Rika Co., Ltd. Announces Dividend for Fiscal Year Ended March 31, 2025, Payable on May 27, 2025 Tokai Rika Co., Ltd. announced that it has resolved, at a meeting of the Board of Directors held on April 24, 2025, to pay dividends of surplus with a record date of March 31, 2025. The company announced a dividend of JPY 50.00 per share for the fiscal year ended March 31, 2025 against JPY 39.0 per share paid a year ago. Effective date: May 27, 2025. Reported Earnings • Apr 25
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: JP¥328 (up from JP¥277 in FY 2024). Revenue: JP¥617.7b (flat on FY 2024). Net income: JP¥27.8b (up 12% from FY 2024). Profit margin: 4.5% (up from 4.0% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 21%. Revenue is forecast to grow 2.8% p.a. on average during the next 2 years, compared to a 3.1% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Announcement • Apr 24
Tokai Rika Co., Ltd., Annual General Meeting, Jun 13, 2025 Tokai Rika Co., Ltd., Annual General Meeting, Jun 13, 2025. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥45.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 28 May 2025. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (3.3%). Announcement • Mar 04
Tokai Rika Co., Ltd. to Report Fiscal Year 2025 Results on Apr 24, 2025 Tokai Rika Co., Ltd. announced that they will report fiscal year 2025 results on Apr 24, 2025 Reported Earnings • Jan 31
Third quarter 2025 earnings released: EPS: JP¥142 (vs JP¥73.63 in 3Q 2024) Third quarter 2025 results: EPS: JP¥142 (up from JP¥73.63 in 3Q 2024). Revenue: JP¥155.5b (down 7.1% from 3Q 2024). Net income: JP¥12.0b (up 79% from 3Q 2024). Profit margin: 7.7% (up from 4.0% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Announcement • Nov 30
Tokai Rika Co., Ltd. to Report Q3, 2025 Results on Jan 30, 2025 Tokai Rika Co., Ltd. announced that they will report Q3, 2025 results on Jan 30, 2025 Declared Dividend • Nov 27
First half dividend of JP¥45.00 announced Shareholders will receive a dividend of JP¥45.00. Ex-date: 28th March 2025 Payment date: 28th May 2025 Dividend yield will be 4.4%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by both earnings (65% earnings payout ratio) and cash flows (66% cash payout ratio). The dividend has increased by an average of 6.9% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 61% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 01
Second quarter 2025 earnings released: EPS: JP¥36.41 (vs JP¥108 in 2Q 2024) Second quarter 2025 results: EPS: JP¥36.41 (down from JP¥108 in 2Q 2024). Revenue: JP¥152.0b (down 4.3% from 2Q 2024). Net income: JP¥3.08b (down 69% from 2Q 2024). Profit margin: 2.0% (down from 6.2% in 2Q 2024). Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Auto Components 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 10% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥35.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 27 November 2024. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of Japanese dividend payers (3.8%). In line with average of industry peers (3.5%). Announcement • Aug 27
Tokai Rika Co., Ltd. to Report Q2, 2025 Results on Oct 30, 2024 Tokai Rika Co., Ltd. announced that they will report Q2, 2025 results on Oct 30, 2024 Reported Earnings • Aug 01
First quarter 2025 earnings released: EPS: JP¥89.59 (vs JP¥113 in 1Q 2024) First quarter 2025 results: EPS: JP¥89.59 (down from JP¥113 in 1Q 2024). Revenue: JP¥152.0b (up 2.2% from 1Q 2024). Net income: JP¥7.58b (down 27% from 1Q 2024). Profit margin: 5.0% (down from 7.0% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Declared Dividend • Jul 11
Final dividend of JP¥35.00 announced Shareholders will receive a dividend of JP¥35.00. Ex-date: 27th September 2024 Payment date: 27th November 2024 Dividend yield will be 3.4%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (20% earnings payout ratio) and cash flows (22% cash payout ratio). The dividend has increased by an average of 5.8% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 5.5% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • Jul 09
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.07% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.07% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Buy Or Sell Opportunity • Jul 09
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 17% to JP¥2,102. The fair value is estimated to be JP¥2,651, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 21%. For the next 3 years, revenue is forecast to grow by 1.7% per annum. Earnings are forecast to decline by 0.07% per annum over the same time period. Price Target Changed • Jun 27
Price target decreased by 10% to JP¥2,387 Down from JP¥2,667, the current price target is an average from 3 analysts. New target price is 10% above last closing price of JP¥2,160. Stock is up 1.6% over the past year. The company is forecast to post earnings per share of JP¥277 for next year compared to JP¥277 last year. Reported Earnings • Jun 16
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: JP¥277 (up from JP¥119 in FY 2023). Revenue: JP¥623.6b (up 13% from FY 2023). Net income: JP¥24.9b (up 128% from FY 2023). Profit margin: 4.0% (up from 2.0% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 15%. Revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Jun 04
Consensus EPS estimates fall by 10% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from JP¥317 to JP¥284. Revenue forecast unchanged from JP¥614.1b at last update. Net income forecast to shrink 0.8% next year vs 4.4% growth forecast for Auto Components industry in Japan . Consensus price target of JP¥2,500 unchanged from last update. Share price was steady at JP¥2,175 over the past week. Buy Or Sell Opportunity • May 30
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 11% to JP¥2,181. The fair value is estimated to be JP¥2,737, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 21%. Revenue is forecast to grow by 5.2% in 2 years. Earnings are forecast to grow by 18% in the next 2 years. Announcement • Apr 28
Tokai Rika Co., Ltd., Annual General Meeting, Jun 13, 2024 Tokai Rika Co., Ltd., Annual General Meeting, Jun 13, 2024. Reported Earnings • Apr 26
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: JP¥277 (up from JP¥119 in FY 2023). Revenue: JP¥623.6b (up 13% from FY 2023). Net income: JP¥24.9b (up 128% from FY 2023). Profit margin: 4.0% (up from 2.0% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 15%. Revenue is forecast to grow 3.1% p.a. on average during the next 2 years, compared to a 3.9% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥32.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 27 May 2024. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.2%). In line with average of industry peers (2.6%). Announcement • Mar 02
Tokai Rika Co., Ltd. to Report Fiscal Year 2024 Results on Apr 25, 2024 Tokai Rika Co., Ltd. announced that they will report fiscal year 2024 results on Apr 25, 2024 Price Target Changed • Feb 13
Price target increased by 11% to JP¥2,400 Up from JP¥2,160, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of JP¥2,344. Stock is up 59% over the past year. The company is forecast to post earnings per share of JP¥285 for next year compared to JP¥119 last year. Reported Earnings • Feb 03
Third quarter 2024 earnings released: EPS: JP¥73.63 (vs JP¥17.17 loss in 3Q 2023) Third quarter 2024 results: EPS: JP¥73.63 (up from JP¥17.17 loss in 3Q 2023). Revenue: JP¥167.5b (up 18% from 3Q 2023). Net income: JP¥6.73b (up JP¥8.29b from 3Q 2023). Profit margin: 4.0% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Auto Components industry in Japan. 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 7% per year, which means it is significantly lagging earnings growth. Price Target Changed • Jan 15
Price target increased by 11% to JP¥2,310 Up from JP¥2,073, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of JP¥2,325. Stock is up 68% over the past year. The company is forecast to post earnings per share of JP¥298 for next year compared to JP¥119 last year. Announcement • Dec 29
Tokai Rika Co., Ltd. to Report Q3, 2024 Results on Feb 01, 2024 Tokai Rika Co., Ltd. announced that they will report Q3, 2024 results on Feb 01, 2024 Announcement • Dec 02
Tokai Rika Co., Ltd. (TSE:6995) announces an Equity Buyback for 7,000,100 shares, representing 7.66% for ¥15,281.22 million. Tokai Rika Co., Ltd. (TSE:6995) announces a share repurchase program. Under the offer, the company will repurchase up to 7,000,100 shares, representing 7.66% of its share capital, for ¥15,281.22 million. The shares will be repurchased at ¥2,183 per share. The company will repurchase its shares in order to implement a flexible capital policy in response to the business environment. The program will run until December 27, 2023. As of November 29, 2023, the company had 91,339,468 shares outstanding (excluding treasury shares) and 2,894,703 shares in treasury. Major Estimate Revision • Nov 06
Consensus EPS estimates increase by 26% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from JP¥603.4b to JP¥612.1b. EPS estimate increased from JP¥217 to JP¥273 per share. Net income forecast to grow 2.8% next year vs 15% growth forecast for Auto Components industry in Japan. Consensus price target of JP¥2,240 unchanged from last update. Share price rose 4.5% to JP¥2,468 over the past week. Reported Earnings • Nov 01
Second quarter 2024 earnings released: EPS: JP¥108 (vs JP¥56.24 in 2Q 2023) Second quarter 2024 results: EPS: JP¥108 (up from JP¥56.24 in 2Q 2023). Revenue: JP¥158.8b (up 12% from 2Q 2023). Net income: JP¥9.90b (up 93% from 2Q 2023). Profit margin: 6.2% (up from 3.6% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Auto Components 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 • Sep 29
Tokai Rika Co., Ltd. to Report Q2, 2024 Results on Oct 30, 2023 Tokai Rika Co., Ltd. announced that they will report Q2, 2024 results on Oct 30, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of JP¥32.00 per share at 2.7% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 27 November 2023. Payout ratio is a comfortable 32% but the company is paying out more than the cash it is generating. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.3%). In line with average of industry peers (2.5%). Major Estimate Revision • Aug 23
Consensus EPS estimates increase by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from JP¥593.1b to JP¥599.6b. EPS estimate increased from JP¥183 to JP¥203 per share. Net income forecast to grow 0.6% next year vs 15% growth forecast for Auto Components industry in Japan. Consensus price target up from JP¥1,807 to JP¥2,073. Share price was steady at JP¥2,227 over the past week. Reported Earnings • Jul 28
First quarter 2024 earnings released: EPS: JP¥113 (vs JP¥31.01 in 1Q 2023) First quarter 2024 results: EPS: JP¥113 (up from JP¥31.01 in 1Q 2023). Revenue: JP¥148.7b (up 19% from 1Q 2023). Net income: JP¥10.3b (up 265% from 1Q 2023). Profit margin: 7.0% (up from 2.3% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Major Estimate Revision • Jul 28
Consensus EPS estimates increase by 18% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from JP¥158 to JP¥187. Revenue forecast unchanged at JP¥585.6b. Net income forecast to grow 55% next year vs 23% growth forecast for Auto Components industry in Japan. Consensus price target of JP¥1,807 unchanged from last update. Share price rose 2.8% to JP¥2,180 over the past week. Buying Opportunity • Jul 04
Now 20% undervalued Over the last 90 days, the stock is up 34%. The fair value is estimated to be JP¥2,683, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.6% over the last 3 years. Earnings per share has declined by 12%. For the next 3 years, revenue is forecast to grow by 3.9% per annum. Earnings is also forecast to grow by 20% per annum over the same time period. Announcement • Jun 28
Tokai Rika Co., Ltd. to Report Q1, 2024 Results on Jul 27, 2023 Tokai Rika Co., Ltd. announced that they will report Q1, 2024 results on Jul 27, 2023 Reported Earnings • Jun 16
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: JP¥119 (up from JP¥39.10 in FY 2022). Revenue: JP¥553.1b (up 14% from FY 2022). Net income: JP¥10.9b (up 205% from FY 2022). Profit margin: 2.0% (up from 0.7% in FY 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 17%. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Major Estimate Revision • Jun 08
Consensus EPS estimates increase by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from JP¥575.4b to JP¥585.6b. EPS estimate increased from JP¥141 to JP¥156 per share. Net income forecast to grow 30% next year vs 26% growth forecast for Auto Components industry in Japan. Consensus price target up from JP¥1,460 to JP¥1,593. Share price rose 4.6% to JP¥1,968 over the past week. Price Target Changed • Jun 06
Price target increased by 9.1% to JP¥1,593 Up from JP¥1,460, the current price target is an average from 3 analysts. New target price is 19% below last closing price of JP¥1,966. Stock is up 31% over the past year. The company is forecast to post earnings per share of JP¥154 for next year compared to JP¥119 last year. Reported Earnings • Apr 28
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: JP¥119 (up from JP¥39.10 in FY 2022). Revenue: JP¥553.1b (up 14% from FY 2022). Net income: JP¥10.9b (up 205% from FY 2022). Profit margin: 2.0% (up from 0.7% in FY 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 17%. Revenue is forecast to grow 3.8% p.a. on average during the next 2 years, compared to a 4.6% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥30.00 per share at 3.9% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 26 May 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (3.2%). Reported Earnings • Feb 03
Third quarter 2023 earnings released: JP¥17.17 loss per share (vs JP¥35.15 profit in 3Q 2022) Third quarter 2023 results: JP¥17.17 loss per share (down from JP¥35.15 profit in 3Q 2022). Revenue: JP¥141.7b (up 12% from 3Q 2022). Net loss: JP¥1.57b (down 149% from profit in 3Q 2022). Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Feb 03
Consensus EPS estimates fall by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from JP¥553.7b to JP¥547.7b. EPS estimate also fell from JP¥133 per share to JP¥118 per share. Net income forecast to grow 96% next year vs 19% growth forecast for Auto Components industry in Japan. Consensus price target of JP¥1,460 unchanged from last update. Share price was steady at JP¥1,463 over the past week. Price Target Changed • Jan 20
Price target decreased to JP¥1,400 Down from JP¥1,577, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of JP¥1,425. Stock is down 5.6% over the past year. The company is forecast to post earnings per share of JP¥144 for next year compared to JP¥39.09 last year. Buying Opportunity • Nov 28
Now 21% undervalued Over the last 90 days, the stock is up 5.8%. The fair value is estimated to be JP¥2,016, 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 declined by 21%. Revenue is forecast to grow by 14% in 2 years. Earnings is forecast to grow by 151% in the next 2 years. Buying Opportunity • Nov 28
Now 21% undervalued Over the last 90 days, the stock is up 5.8%. The fair value is estimated to be JP¥2,016, 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 declined by 21%. Revenue is forecast to grow by 14% in 2 years. Earnings is forecast to grow by 151% in the next 2 years. Announcement • Nov 27
Tokai Rika Co., Ltd. to Report Q3, 2023 Results on Feb 02, 2023 Tokai Rika Co., Ltd. announced that they will report Q3, 2023 results on Feb 02, 2023 Board Change • Nov 16
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent External Director Minako Miyama was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Oct 28
Second quarter 2023 earnings: EPS and revenues exceed analyst expectations Second quarter 2023 results: EPS: JP¥56.24 (up from JP¥6.08 loss in 2Q 2022). Revenue: JP¥142.1b (up 32% from 2Q 2022). Net income: JP¥5.14b (up JP¥5.69b from 2Q 2022). Profit margin: 3.6% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 4.2%. Earnings per share (EPS) also surpassed analyst estimates significantly. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Buying Opportunity • Sep 30
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 4.2%. The fair value is estimated to be JP¥1,760, 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 declined by 21%. Revenue is forecast to grow by 20% in 2 years. Earnings is forecast to grow by 2,169% 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: 28 November 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (3.1%). Announcement • Aug 28
Tokai Rika Co., Ltd. to Report Q2, 2023 Results on Oct 27, 2022 Tokai Rika Co., Ltd. announced that they will report Q2, 2023 results on Oct 27, 2022 Reported Earnings • Jul 30
First quarter 2023 earnings released: EPS: JP¥31.01 (vs JP¥61.99 in 1Q 2022) First quarter 2023 results: EPS: JP¥31.01 (down from JP¥61.99 in 1Q 2022). Revenue: JP¥124.8b (up 1.4% from 1Q 2022). Net income: JP¥2.83b (down 50% from 1Q 2022). Profit margin: 2.3% (down from 4.6% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 14%, compared to a 13% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Announcement • Jun 30
Tokai Rika Co., Ltd. to Report Q1, 2023 Results on Jul 28, 2022 Tokai Rika Co., Ltd. announced that they will report Q1, 2023 results on Jul 28, 2022 Reported Earnings • Jun 17
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: EPS: JP¥39.10 (down from JP¥132 in FY 2021). Revenue: JP¥487.3b (up 11% from FY 2021). Net income: JP¥3.57b (down 70% from FY 2021). Profit margin: 0.7% (down from 2.7% in FY 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 68%. Over the next year, revenue is forecast to grow 13%, compared to a 12% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Price Target Changed • Jun 13
Price target decreased to JP¥1,583 Down from JP¥1,733, the current price target is an average from 5 analysts. New target price is 8.9% above last closing price of JP¥1,454. Stock is down 18% over the past year. The company is forecast to post earnings per share of JP¥164 for next year compared to JP¥39.09 last year. 