Today I will talk about Ryoden Corporation, the largest trading company in the Mitsubishi Electric Group, and mainly engages in FA (Factory Automation) systems, cool and heating systems, building systems, and electronics.
※The above images are from Ryoden Corporation’s website
Since its founding in 1947, Ryoden Corporation has been the pillars of Mitsubishi Electric's FA, cool and heating, elevators, and semiconductors business. It has now expanded to include a wide range of companies, including plant factories or healthcare businesses, its businesses are not only Mitsubishi Electric products.
For overseas business, since establishing a local subsidiary in Singapore in 1990, it has been developing businesses with the United States, Europe, China, and South Korea and closer regions with regions of each country.
￥1,594 （2/25 last closing price)
The latest stock price ← click here Trading unit: 100
The final month of the settlement: March
Dividend yield 3.51 %
PER 11.55 PBR 0.51
Equity ratio 58.1%
Although domestic demand was sluggish in their main FA business,, it seems that sales to China are gradually recovering.
In addition, the promotion of DX (digital transformation) is the theme of their future strategies.
In addition to high dividends, Ryoden Corporation has set up a shareholder special benefit and once a year shareholders can receive a Quo Card.
Tee amount on the Quo Card varies depending on how long you held shares.
Ryoden Corporation special benefits ← Click here for details
Transition of business results
|
|
Net sales |
Operating profit |
Net profit |
Net profit per share |
dividend |
Dividend payout ratio |
|
2018.3 |
236,494 |
5,078 |
3,588 |
165.4 |
48 |
29% |
|
2019.3 |
240,312 |
5,624 |
3,731 |
172.0 |
56 |
33% |
|
2020.3 |
230,087 |
5,559 |
3,860 |
177.8 |
56 |
31% |
|
2021.3 |
204,000 |
4,000 |
3,000 |
138.0 |
56 |
41% |
※Unit of sales, operating profit, net income is one-million yen
※The figure for March 2021 is the predicted value
|
Cash flow statement |
2020.3 |
2019.3 |
|
CF operating activities |
5,938 |
4,479 |
|
CF investing activities |
▲518 |
▲686 |
|
CF financing activities |
2,281 |
▲563 |
※One unit is one million yen
Note: You should be responsible for your own investment. Please make your own final judgment.