SEIREN Reports Record Third Quarter Earnings for FY2023 Ending on December 31 2022
February 22, 2023
Earnings Overview
On February 13, 2023, SEIREN ($TSE:3569) announced its financial results for the third quarter of FY2023, which ended on December 31, 2022. The total revenue for the period amounted to JPY 4.2 billion, representing an increase of 102.9% from the same quarter in the previous year. Net income was reported at JPY 36.8 billion, signaling a growth of 36.4% year over year.
Stock Price
On Monday, SEIREN reported record third quarter earnings for fiscal year 2023 ending on December 31, 2022. The company’s stock opened at JP¥2485.0 and closed at JP¥2466.0, down by 0.7% from the prior closing price of 2484.0. The decrease in the stock’s price was in contrast to the strong performance of SEIREN’s quarterly earnings report which was released the same day. Despite this impressive performance, investors were cautious and drove down the stock price by 0.7%. Analysts believe that investors were expecting higher numbers and were disappointed by the lower than expected performance.
However, it is important to note that SEIREN has continued to outperform in its industry and has seen consistent growth over the past few quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Seiren. More…
| Total Revenues | Net Income | Net Margin |
| 127.01k | 11.35k | 9.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Seiren. More…
| Operations | Investing | Financing |
| 10k | -9.43k | -10.19k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Seiren. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 171.24k | 63.77k | 1.92k |
Key Ratios Snapshot
Some of the financial key ratios for Seiren are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 1.1% | 7.0% | 12.3% |
| FCF Margin | ROE | ROA |
| 0.5% | 9.3% | 5.7% |
Analysis
At GoodWhale, we believe in investing based on fundamentals. When looking at SEIREN, our Star Chart shows that its fundamentals are strong in asset, dividend, and profitability, and medium in growth. In a broader sense, SEIREN can be classified as a ‘gorilla’, a type of company that has achieved stable and high revenue or earning growth due to its strong competitive advantage. This type of company would be attractive to any investor who appreciates stability and a steady return. What’s more, with a health score of 10/10, SEIREN is capable of safely riding out any crisis without the risk of bankruptcy. More…
Peers
The competition between Seiren Co Ltd and its competitors: Suminoe Textile Co Ltd, San Fang Chemical Industry Co Ltd, and Li Cheng Enterprise Co Ltd is fierce. Each company is striving to come out on top in the fiercely competitive market, with each one bringing their own unique talents and skills to the table. The rivalry between these companies has led to some of the most innovative products and services in the industry, and it is sure to continue for years to come.
– Suminoe Textile Co Ltd ($TSE:3501)
Suminoe Textile Co Ltd is a Japanese textile company that specializes in the production of cotton and synthetic fibers. The company has a market cap of 12.02B as of 2023, which reflects its strong financial performance and market reputation. Moreover, its Return on Equity (ROE) of 4.39% indicates that the company has been able to generate profits from its investments. Suminoe Textile Co Ltd has been able to build a strong business model that allows it to remain competitive in the market despite changing economic and industry conditions.
– San Fang Chemical Industry Co Ltd ($TWSE:1307)
Founded in 1996, San Fang Chemical Industry Co Ltd is a chemical industry company that specializes in producing and selling chemical products and materials. The company has a market cap of 8.27B as of 2023, which makes it one of the largest chemical companies in the world. It has a Return on Equity of 4.69%, indicating a good degree of profitability for the company. The company is well-known for its quality products, which have made it a leader in the industry.
– Li Cheng Enterprise Co Ltd ($TWSE:4426)
Cheng Enterprise Co Ltd is a Taiwanese tech company that specializes in computer hardware and software development. The company has a market cap of 4.53 billion dollars as of 2023, indicating that the company is a large player in the technology industry. Additionally, the Return on Equity (ROE) for the company is currently -3.73%, which indicates that Cheng Enterprises is not performing well financially, potentially due to competitive pressures or other factors. Despite this, the company’s market cap still indicates that it is a major player in the industry and could rebound in the future.
Summary
SEIREN recently reported third quarter earnings for the fiscal year ending December 31 2022, showing strong revenue growth of 102.9%, with net income of JPY 36.8 billion, a 36.4% increase year on year. This is an encouraging result and a sign of the company’s resilience in a challenging economic climate. For investors, this shows that SEIREN is firmly on track for further growth and profitability in the near-term, and is a stock worth considering for long-term investment potential.
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