Tacmina Corp

Capital Structure and Liquidity Tacmina Corp maintains a strong liquidity position, with a current ratio of 2.61 and cash and equivalents of ¥3.21 billion, representing 21.8% of total assets. The company's price-to-book ratio of 1.06 and price-to-tangible-book ratio of 1.06 suggest a valuation in line with tangible asset value. The debt-to-equity ratio of 0.04 indicates a conservative capital structure with minimal leverage. ### Profitability and Returns The company's return on equity (ROE) of 11.82% and return on assets (ROA) of 8.26% outperform the typical industrial machinery sector benchmarks. Gross profit of ¥5.19 billion and operating income of ¥1.59 billion reflect strong cost control and pricing power. The price-to-earnings ratio of 8.93 is below the industry median, suggesting potential undervaluation. ### Segments and Geographic Exposure Tacmina operates in six business divisions, with no disclosed geographic revenue breakdown. The company's diversified product portfolio spans precision pumps, chemical transfer equipment, measuring instruments, and ancillary services. The Others division includes non-core activities such as hotels and sports clubs, which may introduce operational complexity. ### Growth Trajectory While no explicit growth guidance is provided, the company's free cash flow of ¥662.37 million and capital expenditure of -¥473.82 million suggest reinvestment in operations. Analysts reported last actual revenue of ¥11.12 billion, aligning with the latest financial snapshot. ### Risk Factors Liquidity and dilution risks are assessed as low, with no immediate filing-based flags detected. The company's low debt-to-equity ratio and strong cash reserves mitigate financial risk. No dilution pressure is expected in the near term, with shares outstanding remaining unchanged between basic and diluted measures. ### Recent Events No recent filings or transcripts were identified that would materially affect the company's operations or valuation. Analysts reported last actual EPS of ¥170.23, consistent with the reported net income of ¥1.22 billion.