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List of Conversion Stocks (Part 1) [List of Parabolic Signal Conversion Stocks]
List of buy conversion stocks in the market: Code | Company name | Closing price | SAR Tokyo Stock Exchange Prime Board: 1417 | Miraitowa | 2116 | 2050 1726 | Br.HD | 366 | 360 1766 | Taisei Corporation | 11780 | 11300 1780 | Yamaura | 1337 | 1304 1821 | Mitsumi Construction |
Konishi Research Memo (10): Dividends are planned to be 7 billion yen (with a payout ratio of over 30%) over the next 3 years, with announcements for share buybacks.
Regarding Konishi's shareholder return strategy for dividends, the basic policy since the fiscal year ending March 2017 has been to "consider returning profits while taking into account performance each period and implementing continuous dividends." Based on this policy, the fiscal year ending March 2024, which has ended, increased the annual dividend to 33.0 yen (24.5 yen for the fiscal year ending March 2023 *), and is planning an annual dividend of 33.0 yen (expected dividend payout ratio of 29.1%) for the ongoing fiscal year ending March 2025. *1-for-2 stock split on January 1, 2024.
Konishi Research Memo (5): The chemical products sector is steadily growing, especially in the automotive industry, resulting in increased revenue and profits.
Performance trends of Konishi <4956> (2). Sales of chemicals were ¥39,305 million (up 13.4% from the previous period) and operating profit was ¥1,315 million (up 4.0% from the previous period). The main industry-specific situation is as follows, but the sales of chemicals are disclosed as“pre-application of revenue recognition”because they are the most affected by accounting standards for revenue recognition. The segment sales before application of revenue recognition were ¥67,033 million (up 3.2% from the previous period). a) Automobiles: revenue
Konishi Research Memo (4): Despite a decrease in the sales volume of main residential bonds, revenue and profits increased due to the effect of price adjustments.
- Konishi's <4956> performance trend. 2. Segment situation for the March 2024 term. (1) Bond segment revenue was 71,627 million yen (+3.9% YoY), and operating profit was 6,609 million yen (+45.7% YoY). The main segment for residences showed slow growth on a quantity basis due to poor sales, but the price increase since the latter half of the previous term became widespread, resulting in a significant increase in profits despite a small increase in revenue. The situation for each sub-segment is as follows. a) General household related: Sales revenue of 6,569 million yen (previous year
Conishi Research Memo (3): Operating profit for the March 2024 period increased by 38.6% compared to the previous period, exceeding 10 billion yen for the first time ever and reaching a record high.
Performance trend of Konishi <4956>. 1. Performance summary for March 2024 (1) P/L status Sales revenue for March 2024 is JPY 132,969 million (7.8% increase from the previous period), operating profit is JPY 10,286 million (38.6% increase), ordinary profit is JPY 10,806 million (36.3% increase), and net income attributable to shareholders of the parent company is JPY 7,344 million (26.8% decrease). Revenue, operating income, and ordinary income have reached record highs, with operating income exceeding JPY 10 billion for the first time.
Konishi Research Memo (2): A top domestic manufacturer of adhesives and sealants. Provides a wide range of industrial and other products.
■ Business Overview Konishi <4956> operates in three segments: "Bonds," "Chemicals," "Construction Businesses," and others. In the fiscal year ending March 2024, the revenue ratio was 53.9% for Bonds, 29.6% for Chemicals, 16.4% for Construction Businesses, and 0.1% for others. The operating profit (before eliminating the entire company) ratios were 64.2% for Bonds, 12.8% for Chemicals, 21.8% for Construction Businesses, and 1.2% for others. The profit ratio of Chemicals is low.
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