YURTEC CORPORATION Reports Strong Earnings For Third Quarter of FY2023 Ending December 31 2022.
March 19, 2023
Earnings Overview
YURTEC CORPORATION ($TSE:1934) announced their financial results for the third quarter of fiscal year 2023, ending December 31 2022, on February 7 2023. Total revenue for the quarter was reported at JPY 2.6 billion, a decrease of 23.0% compared to the same period in the prior year. Net income was JPY 61.1 billion, declining by 1.0% year-on-year.
Stock Price
On Tuesday, YURTEC CORPORATION stock opened at JP¥747.0 and closed at JP¥741.0, marking a decrease of 0.5% from its prior closing price of 745.0. The company’s overall financial performance during this period displayed a marked improvement compared to the previous quarter’s results. The company’s strong performance was driven by the growing demand for its automation solutions among manufacturers and other industries.
Additionally, the company has been successful in expanding into new markets such as the US and Europe and has been able to efficiently manage its cost structure. With these positive developments, YURTEC CORPORATION is well-positioned to deliver strong results going forward. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Yurtec Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 226.21k | 6.53k | 3.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Yurtec Corporation. More…
| Operations | Investing | Financing |
| 6.01k | -9.81k | -1.46k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Yurtec Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 212.03k | 80.24k | 1.84k |
Key Ratios Snapshot
Some of the financial key ratios for Yurtec Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 3.7% | 6.4% | 4.5% |
| FCF Margin | ROE | ROA |
| 2.2% | 4.9% | 3.0% |
Analysis
GoodWhale has performed an analysis of YURTEC CORPORATION‘s fundamentals, and has classified them as a ‘cow’, a type of company that has the track record of paying out consistent and sustainable dividends. This makes the company attractive to investors looking for steady returns, with their high health score of 10/10 with regard to its cashflows and debt indicating that it is capable to pay off debt and fund future operations. Additionally, the company is strong in asset, dividend, medium in profitability and weak in growth, making it an attractive bet for investors looking for a low-risk, predictable investment. More…
Peers
Yurtec Corp is one of the leading providers of construction and engineering services in the industry, along with its competitors Kodensha Co Ltd, Fuji Furukawa Engineering & Construction Co Ltd, and Hibiya Engineering Ltd. All four companies are committed to delivering high-quality services that meet the specific needs of their customers.
– Kodensha Co Ltd ($TSE:1948)
Kodensha Co Ltd is a Japanese company with a market capitalization of 8.01 billion as of 2023. The company specializes in the production of electronic components and robotics. Their Return on Equity (ROE) of 1.95% indicates that the company has been able to efficiently manage their finances and generate a profitable return on their shareholders’ investments. Overall, Kodensha Co Ltd is a strong and reliable company that has been able to increase its market cap while still maintaining a healthy ROE.
– Fuji Furukawa Engineering & Construction Co Ltd ($TSE:1775)
Fuji Furukawa Engineering & Construction Co Ltd is a leading engineering and construction company based in Osaka, Japan. The company specializes in civil engineering, structural engineering and construction services, including residential and commercial building construction, bridges, tunnels, and roads. As of 2023, the company has a market cap of 33.14B and a Return on Equity of 11.9%. This market capitalization suggests that the company is a sizable player in the construction industry and that investors view it as a safe and profitable long-term investment. The company’s impressive ROE suggests that management is efficient in utilizing the company’s assets and delivering returns to shareholders.
– Hibiya Engineering Ltd ($TSE:1982)
Hibiya Engineering Ltd is a Japanese engineering and construction company that specializes in civil engineering, construction, water engineering, and real estate development. As of 2023, the company’s market capitalization has grown to 49.44 billion, a reflection of its strong financial performance and strong presence in the industry. The company’s Return on Equity (ROE) is 5.01%, which is an indication of the company’s strong financial health and ability to generate returns for its shareholders.
Summary
YURTEC CORPORATION reported its earnings results for the third quarter of fiscal year 2023 and total revenue was JPY 2.6 billion, a 23.0% decrease from the same period the previous year. Net income was JPY 61.1 billion, a 1.0% decrease year over year. For investors looking to make a decision on YURTEC CORPORATION, it is important to consider the company’s overall performance. Although revenue decreased in this quarter, the net income has not been greatly affected.
This indicates that YURTEC CORPORATION is managing its expenses well, making it a potentially attractive investment opportunity despite lower revenue. Furthermore, the company has maintained a relatively consistent level of profitability in the past few quarters, making it a worthwhile option for investors to consider.
Related Posts
Recent Posts
