Today I will talk about TOTOKU ELECTRIC, which researches, develops, and manufactures cables and insulated wires that are superior in high frequency, high speed transmission and long distance communication.
※The above image are from TOTOKU ELECTRIC’s website.
Since its founding in 1940, TOTOKU ELECTRIC specialized in wire-related technology, with its unique technology and added value to meet diverse applications such as telecommunications services, high frequency products, automobiles, electronic parts, and housing equipment. It is also developing new products.
Overseas expansion accounts for about 45% of sales, and they have
subsidiaries in China (Zhejiang province), the Philippines, and Indonesia.
The stock prices have been sluggish due to the influence of a fire that occurred at a subsidiary in Indonesia last year (fires from neighboring plants) and that cost was incurred for transfer of production.
￥1,914 （4/12 last closing price) The latest stock price← click here Trading unit: 100
The final month of the settlement: March Dividend yield 3.13% PER 7.14 PBR 1.06
Equity ratio 56.1%
In addition to dividends, TOTOKU ELECTRIC has set up a shareholder special benefits and once a year, you can receive a 3,000yen Quo card.
I recommended long-term holding, because it will be increased to a 5,000 yen Quo card by holding for more than 1 year.
TOTOKU ELECTRIC special benefits ← For details click here
Transition of business results
|
Net sales |
Operating profit |
Net profit |
Net profit per share |
dividend |
Dividend payout ratio |
|
|
2016.3 |
16,396 |
1,512 |
1,152 |
169.6 |
30 |
18% |
|
2017.3 |
16,237 |
2,019 |
2,252 |
331.6 |
40 |
12% |
|
2018.3 |
18,924 |
2,615 |
1,994 |
293.6 |
60 |
15% |
|
2019.3 |
18,500 |
2,300 |
1,820 |
268 |
60 |
22% |
※Unit of sales, operating profit, net income is one-million yen
※The figure for March, 2019 is the predicted value
|
Cash flow statement |
2018.3 |
2017.3 |
|
CF operating activities |
2,509 |
2,202 |
|
CF investing activities |
▲713 |
227 |
|
CF financing activities |
▲821 |
▲768 |
※One unit is one hundred million yen
Note: You should be responsible for your own investment. Please make your own final judgment.