Takachiho Koheki Co Ltd

Takachiho Koheki Co Ltd maintains a strong liquidity position, with cash and equivalents amounting to ¥4.17 billion, representing 19% of total assets. The company's liquidity FPT (free cash flow to total debt) is robust, with no long-term debt outstanding, and a current ratio of 3.77, indicating a solid ability to meet short-term obligations.

Profitability metrics show a return on equity (ROE) of 2.79% and a return on assets (ROA) of 2.08%, both below the industry median for electronic equipment and parts. The company's gross margin is 25.24% (¥1.62 billion gross profit on ¥6.42 billion revenue), and operating margin is 7.22% (¥464 million operating income), which are in line with industry norms.

The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification. This lack of segment or geographic diversification increases exposure to sector-specific risks, particularly in the technology equipment industry.

Looking ahead, the company's revenue is expected to grow modestly, with no significant changes in the near term. The current fiscal year outlook shows a stable revenue trajectory, with no material changes in operating income or net income expected.

Risk factors remain low, with no immediate liquidity or dilution concerns. The company has no long-term debt and a low debt-to-equity ratio of 0.0, indicating a conservative capital structure. No dilution sources were identified in recent filings, and the dilution potential remains low.

Recent filings and transcripts show no material changes in the company's operations or strategy. The most recent actual EPS was 75.88 JPY, and actual revenue was ¥29.51 billion, both in line with expectations.

Revenue ¥8.79B, +4,0% YoY; Operating income −47,0% YoY.

• ▍Revenue ¥8.79B, +4,0% YoY
• ▍Operating income −47,0% YoY
• ▍Net income −18,1% YoY
• ▍Net margin 3.6%

Revenue ¥7.25B, +14,5% YoY; Operating income −0,0% YoY.

• ▍Revenue ¥7.25B, +14,5% YoY
• ▍Operating income −0,0% YoY
• ▍Net income −20,0% YoY
• ▍Net margin 5.3%

Revenue ¥7.40B, +7,4% YoY; Operating income +62,1% YoY.

• ▍Revenue ¥7.40B, +7,4% YoY
• ▍Operating income +62,1% YoY
• ▍Net income +374,4% YoY
• ▍Net margin 8.8%

Revenue ¥6.07B, −5,5% YoY; Operating income −60,6% YoY.

• ▍Revenue ¥6.07B, −5,5% YoY
• ▍Operating income −60,6% YoY
• ▍Net income −84,9% YoY
• ▍Net margin 1.1%

Revenue ¥8.45B; Operating income ¥718.4M.

• ▍Revenue ¥8.45B
• ▍Operating income ¥718.4M
• ▍Net margin 4.6%

Revenue ¥6.33B; Operating income ¥426.0M.

• ▍Revenue ¥6.33B
• ▍Operating income ¥426.0M
• ▍Net margin 7.5%

Revenue ¥6.89B; Operating income ¥475.7M.

• ▍Revenue ¥6.89B
• ▍Operating income ¥475.7M
• ▍Net margin 2.0%

Revenue ¥6.42B; Operating income ¥464.0M.

• ▍Revenue ¥6.42B
• ▍Operating income ¥464.0M
• ▍Net margin 7.1%

Revenue ¥29.51B, +5,0% YoY; Operating income −15,5% YoY.

• ▍Revenue ¥29.51B, +5,0% YoY
• ▍Operating income −15,5% YoY
• ▍Net income −3,0% YoY
• ▍Free cash flow −353,1% YoY
• ▍Net margin 4.8%

Revenue ¥28.10B, +11,4% YoY; Operating income +42,2% YoY.

• ▍Revenue ¥28.10B, +11,4% YoY
• ▍Operating income +42,2% YoY
• ▍Net income +1,4% YoY
• ▍Free cash flow −17,9% YoY
• ▍Net margin 5.2%

Revenue ¥25.22B, +8,0% YoY; Operating income +8,1% YoY.

• ▍Revenue ¥25.22B, +8,0% YoY
• ▍Operating income +8,1% YoY
• ▍Net income +19,3% YoY
• ▍Free cash flow −90,6% YoY
• ▍Net margin 5.7%

Revenue ¥23.36B, +12,4% YoY; Operating income +32,9% YoY.

• ▍Revenue ¥23.36B, +12,4% YoY
• ▍Operating income +32,9% YoY
• ▍Net income +37,2% YoY
• ▍Free cash flow −11,1% YoY
• ▍Net margin 5.2%