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Espec Corp.
(6859)
Espec Corp. (6859) vs. iShares MSCI Japan ETF (EWJ)
Espec Corp. Business Overview & Revenue Model
Espec Corp. Financial Statement Overview
| Breakdown | |||||
| TTM | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 66.23B | 62.13B | 52.89B | 41.85B | 38.67B | 42.44B | Gross Profit |
| 23.45B | 21.99B | 17.96B | 14.00B | 13.41B | 14.72B | EBIT |
| 7.29B | 6.58B | 4.37B | 1.97B | 2.57B | 3.74B | EBITDA |
| 9.31B | 8.66B | 5.83B | 3.37B | 3.70B | 4.76B | Net Income Common Stockholders |
| 5.73B | 4.97B | 3.33B | 1.91B | 1.96B | 2.82B |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 13.82B | 16.80B | 14.30B | 16.16B | 17.30B | 16.78B | Total Assets |
| 74.12B | 78.23B | 67.18B | 61.92B | 58.61B | 57.46B | Total Debt |
| 1.13B | 5.23B | 293.00M | 351.00M | 538.00M | 671.00M | Net Debt |
| -12.69B | -11.26B | -13.71B | -12.90B | -12.86B | -12.71B | Total Liabilities |
| 18.46B | 25.52B | 20.01B | 16.33B | 13.62B | 14.73B | Stockholders Equity |
| 55.66B | 52.72B | 46.95B | 45.38B | 44.98B | 42.73B |
| Cash Flow | Free Cash Flow | ||||
| 0.00 | 498.00M | 947.00M | 1.34B | 1.33B | 3.10B | Operating Cash Flow |
| 0.00 | 2.74B | 1.92B | 2.02B | 3.04B | 4.87B | Investing Cash Flow |
| 0.00 | -3.78B | -1.06B | -932.00M | -2.03B | -1.94B | Financing Cash Flow |
| 0.00 | 2.80B | -2.90B | -2.83B | -1.50B | -931.00M |
Espec Corp. Technical Analysis
Espec Corp. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | ¥65.32B | 10.62 | 3.25% | 8.31% | 21.11% | ||
79 Outperform | ¥34.20B | 9.66 | 3.38% | 5.98% | 11.08% | ||
78 Outperform | ¥36.63B | 6.07 | 2.29% | 2.37% | 11.78% | ||
78 Outperform | ¥36.77B | 13.65 | 2.74% | 5.47% | 15.88% | ||
77 Outperform | ¥55.86B | 8.92 | 2.59% | 8.40% | 30.12% | ||
68 Neutral | ¥76.70B | 12.40 | 3.56% | 4.55% | 4.94% | ||
62 Neutral | $11.81B | 10.34 | -7.44% | 2.91% | 7.41% | -7.93% |
Espec Corp. Corporate Events
Espec Corp. has announced a strategic update following its Board of Directors meeting, focusing on cost of capital and share price management. The company has made significant progress in its growth strategy by targeting the EV and IoT fields, expanding product offerings, and increasing production capacity. They have also invested in human resources and enhanced investor relations to improve market reputation. Despite achieving a higher ROE target, the company recognizes the need to present a robust growth strategy to enhance capital efficiency and shareholder returns.
Espec Corp. reported its consolidated financial results for the fiscal year ended March 31, 2025, showing a significant increase in net sales and profits compared to the previous year. The company achieved an 8.3% rise in net sales to ¥67,288 million and a 20.8% increase in profit attributable to owners of the parent, reaching ¥6,003 million. This growth reflects Espec’s strong market positioning and operational efficiency. The company also announced an increase in annual dividends, indicating confidence in its financial stability and commitment to shareholder returns.
Espec Corp. has announced its new medium-term management plan, ‘Progressive Plus 2027,’ following the early achievement of its previous targets. The plan aims to enhance corporate value by focusing on quality improvement and transforming into a lean enterprise, with ambitious targets for operating profit and ROE by FY 2027. The company plans to leverage its strengths in the global market, particularly in Japan, the United States, and China, and will utilize IT and digital technologies to improve profitability and expand its service offerings.
Espec Corp. has revised its dividend policy to enhance shareholder returns, renaming it the Shareholder Return Policy. The new policy aims for a consolidated dividend payout ratio of 40% or more, with a total return ratio of 50% or more over three years, reflecting a strategic move to increase shareholder value.
Espec Corp. has announced a change in its leadership structure, with Satoshi Arata becoming the sole representative director following the retirement of Masaaki Ishida. This decision, effective June 20, 2025, marks a significant shift in the company’s governance, potentially impacting its strategic direction and stakeholder relations.
Espec Corp. has announced a change in its major shareholder status as the ESPEC Business Partners’ Stockholding Association’s voting rights fell below 10% due to equity share withdrawals by its members. This change, confirmed by a shareholders’ list from Mizuho Trust & Banking Co., Ltd., does not impact the company’s financial results, although the association will continue to purchase shares, leading to potential fluctuations in its holdings.
Espec Corp. has revised its consolidated full-year financial forecast for fiscal 2024, anticipating higher net sales, operating income, and ordinary income than previously expected. This upward revision is attributed to better-than-expected financial results for the first nine months of fiscal 2024 and the sale of cross-shareholdings, which will be recorded as extraordinary income. Consequently, the company has also increased its year-end dividend forecast by 15 yen per share, reflecting its commitment to returning profits to shareholders.