Today I will talk about a major manufacturing company of carbon products, Nippon Carbon.
※The above images are from Nippon Carbon’s website
Nippon Carbon develops, manufactures and sells carbon products, black smoke electrodes, and battery materials used in various applications such as automotive parts, electronic parts, communication parts, solar panels and chemical plants.
￥3,145 （7/31 last closing price) The latest stock price← click here Trading unit: 100
The final month of the settlement: December
Dividend yield 6.36 % PER 12.43 PBR 0.80
Equity ratio 74.9%
Due to environmental issues and energy savings back ground, the use of carbon is expected to expand worldwide.
Nippon Carbon are actively investing in the growth fields of fine carbon and negative electrode materials for lithium-ion batteries. but not only rising row material prices but also falling selling prices, so that profit is expected to decline.
In addition, the influence of a fire at a silicon carbide fiber plant for aircraft parts in August last year is likely to continue until next year.
Transition of business results
|
|
Net sales |
Operating profit |
Net profit |
Net profit per share |
dividend |
Dividend payout ratio |
|
2017.12 |
27,946 |
2,564 |
2,961 |
267.7 |
50 |
19% |
|
2018.12 |
48,017 |
16,404 |
10,292 |
931.9 |
100 |
11% |
|
2019.12 |
44,931 |
14,827 |
9,700 |
876.8 |
200 |
23% |
|
2020.12 |
31,700 |
4,600 |
2,800 |
253.1 |
200 |
79% |
※Unit of sales, operating profit, net income is one-million yen
※The figure for December 2020 is the predicted value
|
Cash flow statement |
2019.12 |
2018.12 |
|
CF operating activities |
4,742 |
12,633 |
|
CF investing activities |
▲3,693 |
▲2,051 |
|
CF financing activities |
▲2,946 |
▲2,418 |
※One unit is one million yen
Note: You should be responsible for your own investment. Please make your own final judgment.