TAKEUCHI Q3´24 Results
Analysis date: September 25, 2024.
Price return since analysis date: +11.56% (+0.41% after results).
Disclaimer:
Eloy Fernández Deep Research publishes equity reports periodically. All reports are subject to the following disclaimer.
Eloy Fernández Deep Research gathers information from public (free and paid) databases, company reports and media releases. This information is used as available basis.
Eloy Fernández Deep Research reports should only be taken as guidance. They don’t suppose an investment recommendation. Any investment decision should not be based on the Eloy Fernández Deep Research Report. Eloy Fernández Deep Research is not responsible for any investment decision or later consequences.
The opinion expressed in the reports is my current opinion. This opinion is based on the prevailing market trends and is subject to change.
This report is not a BUY or SELL recommendation.
At the current date, I own Takeuchi shares, representing around 3% of my portfolio.
Company Overview
TAKEUCHI MFG. CO., LTD (6432.T) is a Japan-based company principally engaged in the manufacturing and sale of construction machinery, such as compact hydraulic excavators and track loaders.
Established by Mr. Akio Takeuchi in 1963, Takeuchi developed the world’s first compact excavator in 1971 and developed the first compact rubber track loader in 1986. In this regard, Takeuchi transformed the global construction equipment markets.
To know more: TAKEUCHI MFG. CO., LTD.
Q3´24 Results.
Net sales +5.9% YoY.
Gross margin 23.1% (24.2%).
Transportation costs 2.7% of net sales (3.2%).
Salaries and allowances 1.1% of net sales (1.7%).
EBIT margin 15.7% (16.1%).
Cash position ¥40,233 mm (-10.23%).
Dividends: Fiscal year ending February 2025 (est.) ¥200
Buyback shares
“At a meeting of the Board of Directors held on October 10, 2024, we resolved the acquisition of our own shares pursuant to the provisions of Article 156 of the Companies Act, as applied by replacing the relevant terms pursuant to the provisions of Article 165, paragraph 3 of the same Act, and acquired 924,700 shares of our own shares. As a result, treasury shares increased by 4,405 million yen during the third quarter of the current consolidated cumulative period, and treasury shares at the end of the third quarter of the current consolidated cumulative period were 6,438 million yen”.
Forecast for the fiscal year ending February 2025
Net sales ¥215,500 mm
Operating profit ¥44,500
EBIT margin 26.1%
Earnings per share ¥629.36.
If you are a professional or qualified investor, and you like my work, don't hesitate to contact me.
Next report: January 30, 2025.
