Today I will talk about PEGASUS SEWING MACHINE MFG that mainly manufactures and sells industrial sewing machines and automotive die casting parts.
※The above images are from PEGASUS SEWING MACHINE MFG’s website
6262 PEGASUS SEWING MACHINE MFG
Unlike sewing machines for home use, industrial sewing machines are intended for garment manufacturers, which require high work efficiency, and PEGASUS SEWING MACHINE MFG has diversified its clothing manufacturing along with economic development in each country, particularly in Asia. In addition, it produces about 3,000 kinds of specialized sewing machines.
In addition to industrial sewing machines, it has started to develop die-cast parts for automobiles, and factory improvement software such as digital work analysis systems or inspection management systems.
￥542 (10/25 last closing price) The latest stock price← click here Trading unit: 100
The final month of the settlement: March Dividend yield 4.80% PER 9.89 PBR 0.61
Equity ratio 74.8%
The overseas sales ratio is more than 90%, which includes the main product, industrial sewing machines,This business will experience a downwind in the future considering that a world population increase will lead to an increase in clothing.
However, with the recent appearance of Taiwan, South Korea, and China on the scene, it seems that competition with sewing machine manufacturers is intensifying.
In particular, automobile die-cast parts are susceptible to the global economy and exchange rate trends.
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Transition of business results
|
|
Net sales |
Operating profit |
Net profit |
Net profit per share |
dividend |
Dividend payout ratio |
|
2017.3 |
18,961 |
2,798 |
2,103 |
84.8 |
20 |
24% |
|
2018.3 |
16,978 |
2,212 |
1,270 |
51.2 |
22 |
43% |
|
2019.3 |
18,891 |
2,306 |
2,079 |
83.8 |
24 |
29% |
|
2020.3 |
19,300 |
1,850 |
1,350 |
54.4 |
26 |
48% |
※Unit of sales, operating profit, net income is one-million yen
※The figure for March 2020 is the predicted value
|
Cash flow statement |
2019.3 |
2018.3 |
|
CF operating activities |
1,753 |
2,403 |
|
CF investing activities |
▲1,751 |
▲582 |
|
CF financing activities |
59 |
▲1,478 |
※One unit is one million yen
Note: You should be responsible for your own investment. Please make your own final judgment.