Tenshouden Research Memo (6): Continuing the annual Dividends of 5 yen, with potential for further increases depending on future performance.
■ Shareholder return policy The company Tenkan Electric Industry <6776> has maintained an annual dividend of 3 yen since the fiscal year ending March 2017, but will increase it to 5 yen starting from the fiscal year ending March 2024. For the ongoing fiscal year ending March 2025, a decrease in profit is expected, however, it plans to continue with the same annual dividends of 5 yen as in the previous year. Current performance is stagnating due to production adjustments by major customers, but this is seen as a temporary situation, and there may be a possibility of increased dividends if performance expands further in the future. Looking forward to future performance trends and shareholder return policies.
Tenshōden Research Memo (5): Actively investing in non-Automobiles sectors in the USA. Consolidated revenue of 30 billion yen is within reach.
■Medium to long-term growth strategy: Tenso Electric Industrial <6776> has identified strengthening its non-Automobiles sector as one of its management challenges. Currently, about 60% of its revenue is from the Automobiles sector, but the goal is to reduce this ratio to approximately 35%. This aims to lower the relative ratio of revenue from Automobiles not by decreasing sales in that sector, but by expanding products in the non-Automobiles segment and increasing overall revenue. Accordingly, from the fiscal year ending March 2022 to the fiscal year ending March 2023,
Tensho Electric Research Memo (4): For the fiscal year ending March 2025, an operating profit decrease of 5.9% is projected, but there is also a possibility of upward revision.
■ The future outlook for Tensho Electric Industry <6776> forecasts for the fiscal year ending March 2025 are revenue of 28,500 million yen (an increase of 5.9% compared to the previous period), operating profit of 1,000 million yen (a decrease of 5.9%), ordinary profit of 1,000 million yen (a decrease of 24.4%), and net income attributable to shareholders of the parent company of 600 million yen (a decrease of 36.8%). Operating profit has been revised downward from the initial forecast of 1,400 million yen due to weak performance in the first half. However, this forecast has also downgraded the performance for the second half.
Tiansheng Electric Research Memo (3): For the interim period ending March 2025, there is a 42.0% decrease in operating profit.
For the interim consolidated results for the fiscal year ending March 2025, revenue was 13,667 million yen (an increase of 6.4% compared to the same period last year), operating profit was 291 million yen (a decrease of 42.0%), ordinary profit was 309 million yen (a decrease of 57.4%), and net profit attributable to shareholders of the parent company was 174 million yen (a decrease of 69.2%), which indicates that the operating profit significantly fell short of the initial financial estimates (550 million yen).
Tensho Electric Research Memo (1): A manufacturer of synthetic Resin molded products with a long history. Expanding for non-Automobile applications.
■Summary Tenko Electric Industry <6776>, established in 1936, is a historical manufacturer of synthetic resin (Plastics) molded products. The technological expertise developed over the years is high, and there is a strong trust relationship with customers. The product destinations span a wide range of Industries, but currently, the proportion for Automobiles is high (about 60%). In the future, there is a policy to expand products aimed at domestic demand. For a long time, the company has suffered from a Stunk in performance, but it resumed dividend payments (3 yen per year) in the fiscal year ending March 2017 and plans to raise it to 5 yen per year in the fiscal year ending March 2024.
Tensho Electric Industry --- In the second quarter, revenue increased, with double-digit growth in the china molding-related business and the american molding-related business.
On the 14th, Tensho Electric Industry <6776> announced its consolidated financial results for the second quarter of the fiscal year ending March 2025 (April-September 24th). The revenue increased by 6.4% year-on-year to 13.667 billion yen, operating profit decreased by 42.0% to 0.291 billion yen, ordinary profit decreased by 57.4% to 0.309 billion yen, and net profit attributable to the parent company shareholders decreased by 69.2% to 0.174 billion yen. Revenue from the Japan Molding Business decreased by 5.2% year-on-year to 9.75 billion yen, and segment profit decreased by 87.0% to 0.5 billion yen.
Tensho Electric Industries: Interim report - 99th period (2024/04/01 - 2025/03/31)
Tensho Electric Inds 1H Net Y174.00M Vs Net Y566.00M
Tensho Electric Industries: Notice regarding differences between the consolidated earnings forecast for the interim period ending 2025/3 and actual results, and revisions to the full-year consolidated earnings forecast for the fiscal year e...
Tensho Electric Industries: Summary of financial results for the 2nd quarter (interim period) for the fiscal year ending March 31, 2025 [Japanese GAAP] (consolidated)
Japan Postal Service, Japan Post Bank, Mizuho, Dai-ichi Life HD (14th) (5010-9994)
Please note that the above calendar is just a schedule and is subject to change due to company circumstances.--------------------------------------- November 14 (Thursday) <5010> Nippon Seiro <5027> AnyMind G <5029> Circlace <5033> Nulab <5034> unerry <5038> eWeLL <5074> Tes HD <5101>
Tensho Electric Industries: Notice regarding financial results of parent companies, etc.
Tensho Electricity Industry --- Third-party allocation of new shares for a subsidiary
On the 20th, Tensho Electric Industry <6776> announced that its subsidiary, Sanwa America Corporation, will carry out a third-party allotment capital increase with Sanwa as the allocation destination. The planned increase is 3,300,000 USD, with a planned issuance of 3,300 new shares. The planned post-increase issued shares will be 48,467. The issue price per share is 1,000 USD, and the payment deadline is the end of August 2024. The underwriter and the post-increase shareholding ratio are 27,100 shares (55.91%) for Tensho Electric Industry and 18
Tensho Electric- Revision of financial estimates for dividends for the year ending March 2025, with upward revision to dividends of 5 yen per share.
On the 9th, Tensho Electric Industry <6776> announced a revision of the dividend financial estimates for the fiscal year ending March 2025. The company regards returning profits to shareholders as one of the most important management issues and implements a stable dividend policy while considering the enhancement of financial structure and the accumulation of internal reserves necessary for proactive business expansion. In this fiscal year, based on the performance and future business development, the company plans to continue with the policy of a year-end dividend of 5 yen per share, which was also implemented in the previous fiscal year.
Tensho Electric---1Q revenue growth, American molding-related business increased by double digits.
On the 9th, Tensho Electric Industry <6776> announced its consolidated financial results for the first quarter of the 2025 fiscal year (April-June 24). Revenue increased 1.6% year-on-year to 6.443 billion yen, while operating profit decreased 26.6% to 0.15 billion yen and ordinary profit decreased 25.3% to 0.259 billion yen. Net profit attributable to parent company shareholders for the quarter decreased 30.9% to 0.162 billion yen. Sales of Japan Molding-related business decreased by 8.0% year-on-year to 4.74 billion yen, and segment profit decreased by 87.0% to 0.30.
Tensho Electric Inds Sees 1H Net Y350.00M
Tensho Electric Industries: Financial statements for the first quarter of the fiscal year ending March 2025 [Japan standard] (consolidated)
Tensho Electric Industries: Announcement of revised financial estimates for dividends for the March 2025 period.
Bridgestone Corporation unsponsored ADR, Japan Post Holdings Co., Ltd., Kampo Life Insurance Co., Ltd., Yucho Bank (9th) (5101-7183)
* Please note that the above calendar is subject to change due to company circumstances. --------------------------------------- August 9th (Friday) <5101> Hamagomu <5105> Toyo Tire <5108> Bridgestone Corporation unsponsored ADR <5121> Fuji Component <5139> Openwork <5184> Nichirin <5194> Sagami Rubber <5195> Bando
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