ROCK FIELD Reports Record Third Quarter Earnings for FY2023
March 18, 2023
Earnings Overview
Rock Field ($TSE:2910) has reported its financial results for the third quarter of FY2023, from October 1, 2023 to January 31, 2023. Total revenue for the quarter was JPY 419.0 million, which was a decrease of 34.8% compared to the same period in the previous year. Net income for the quarter was JPY 13674.0 million, an increase of 4.8% year on year.
Price History
On Thursday, ROCK FIELD reported record third quarter earnings for FY2023, which drove their stock prices up by 2.3%. Stock opened at JP¥1550.0, and closed at JP¥1578.0, an increase from their prior closing price of JP¥1543.0. The industry-leading performance of the company during the quarter was driven by strong demand from customers for its products and services. The company witnessed a significant increase in sales and revenue in all of its major markets. Its innovative strategies are helping to drive growth in new areas and markets.
The company’s management credited the strong performance to its commitment to customer satisfaction and innovation, as well as its continued focus on efficient operations and cost control. Its strong portfolio of products and services has been a key driver of its success in the market. The strong performance of the company has been reflected in its stock prices, which have been rising steadily since the beginning of the year. ROCK FIELD is expected to continue to perform well in the current market, as it continues to deliver value to customers and deliver on its long-term growth plans. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Rock Field. More…
| Total Revenues | Net Income | Net Margin |
| 49.21k | 885 | 1.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Rock Field. More…
| Operations | Investing | Financing |
| 2.83k | -1.01k | -1.31k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Rock Field. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 34.74k | 5.78k | 1.08k |
Key Ratios Snapshot
Some of the financial key ratios for Rock Field are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -1.4% | -12.4% | 2.9% |
| FCF Margin | ROE | ROA |
| 4.0% | 3.1% | 2.5% |
Analysis
GoodWhale has conducted an analysis of ROCK FIELD‘s wellbeing. According to our Star Chart, ROCK FIELD has a high health score of 10/10 with regard to cashflows and debt, indicating the ability to sustain operations even in times of crisis. We have classified ROCK FIELD as a ‘cow’, a type of company which has the track record of paying out consistent and sustainable dividends. Our analysis indicates that ROCK FIELD is strong in asset and dividend, medium in profitability and weak in growth. As such, long-term investors looking for consistent income from dividends are likely to be interested in such a company. More…
Peers
Rock Field Co Ltd is in a competitive market, facing fierce opposition from industry peers such as Fujiya Co Ltd, Nichiwa Sangyo Co Ltd, and Brasilagro – Cia Bras de Prop Agricolas. All of these companies are vying for a share of the market, pushing each other to develop the best products and services, and striving to win over the hearts of consumers. As a result, competition in the sector is intense, and Rock Field Co Ltd must stay one step ahead of their rivals in order to succeed in their mission.
– Fujiya Co Ltd ($TSE:2211)
Fujiya Co Ltd is a prominent Japanese conglomerate involved in food and beverage production, retailing, and real estate. As of 2023, the company had a market capitalization of 62.3 billion dollars, making it one of the largest publicly traded companies in the country. Moreover, its Return on Equity was 6.7%, which indicates an impressive level of profitability relative to its equity base. The company has been able to maintain its strong performance since its founding in 1949, and is well-positioned to continue its strong performance into the future.
– Nichiwa Sangyo Co Ltd ($TSE:2055)
Nichiwa Sangyo Co Ltd is one of the largest Japanese corporations in its industry, with a market cap of 4.46 billion dollars as of 2023. The company focuses on providing a wide range of services, including manufacturing, trading, construction, and real estate. While the size of the market cap indicates the firm’s financial health and the ability to grow, the Return on Equity (ROE) of -0.01% conveys that the company is not effectively utilizing its resources to generate profits.
– Brasilagro – Cia Bras de Prop Agricolas ($OTCPK:BRCPF)
Brasilagro – Cia Bras de Prop Agricolas is a Brazilian agricultural company that specializes in production, development, and commercialization of agricultural assets. As of 2023, the company has a market cap of 463.19M and a Return on Equity (ROE) of 17.34%. This indicates that the company is performing favorably compared to its peers in the industry and suggests that its shareholders are getting a good return on their investment. Brasilagro is well-positioned for growth and profitability due to its leading agricultural property portfolio, which currently covers over 600,000 hectares of land across Brazil.
Summary
Investors analyzing ROCK FIELD‘s third quarter earnings for FY2023 should take note of the 34.8% decrease in total revenue compared to the same period a year prior. Despite this decrease, the reported net income of JPY 13674.0 million still saw an increase of 4.8% year over year. This could indicate that ROCK FIELD is able to control costs and maximize efficiencies in order to remain profitable in an ever-changing market. Investors should continue to monitor this trend and watch the company’s performance over time in order to make informed decisions about investing in ROCK FIELD.
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