TBK Co Ltd

TBK Co., Ltd. has a liquidity position that is marginally stable, with a current ratio of 1.49, indicating that it can cover its short-term liabilities with its short-term assets. However, the company's free cash flow is negative at -693 million JPY, and capital expenditures are significant at -2.5 billion JPY, suggesting ongoing investment in operations [doc:HA-latest]. The company's cash and equivalents of 4.14 billion JPY are offset by long-term debt of 7.95 billion JPY, resulting in a net cash position that is negative after subtracting total debt [doc:HA-latest]. Profitability metrics are weak, with a return on equity of -4.26% and a return on assets of -2.26%, both significantly below the industry median for the Auto, Truck & Motorcycle Parts sector. The company reported a net loss of 1.2 billion JPY and an operating loss of 342 million JPY, indicating a challenging operating environment [doc:HA-latest]. Gross profit of 5.79 billion JPY is insufficient to cover operating expenses, contributing to the negative operating income. The company's revenue is concentrated in two primary segments: brakes and engine components. The brakes division is a core contributor, while the engine component division includes lube oil and water pumps. There is no disclosed geographic breakdown of revenue, but as a Japan-based manufacturer, it is likely that a significant portion of revenue is derived from domestic markets [doc:HA-latest]. Growth trajectory is mixed. The company's most recent revenue of 54.42 billion JPY is a key data point, but there is no disclosed year-over-year growth rate. Analysts have recorded the last actual revenue at 54.42 billion JPY, and the company's operating cash flow of 3.89 billion JPY suggests some operational resilience despite the net loss [doc:HA-latest]. However, the negative net income and operating income indicate that the company is not currently generating value for shareholders. Risk factors include liquidity concerns, as the company's free cash flow is negative and capital expenditures are high. The risk assessment indicates a medium liquidity risk and a low dilution risk. The company has not disclosed any recent equity issuance or dilution events, and the dilution potential is low [doc:HA-latest]. The debt-to-equity ratio of 0.28 is relatively low, but the negative net cash position after subtracting total debt is a red flag for liquidity risk [doc:HA-latest]. Recent events include the latest financial results, which show a net loss and operating loss. The company's most recent earnings per share (EPS) was -42.26 JPY, and the revenue of 54.42 billion JPY is in line with analyst estimates. There are no disclosed recent filings or transcripts that provide additional insight into the company's strategic direction or operational changes [doc:, doc:].