TOKYO ROPE MANUFACTURING CO chart

Last update: 2021-02-19
Key statistics and financials
Revenue per share 4,072.83
Dividend & Yield60.00¥ (5.79%)
Beta 1.74
Market capitalization 16.41B
Operating cash flow N/A
ESG Scores unknown

Company description

Tokyo Rope Mfg. Co., Ltd. manufactures and sells wire ropes, steel cords, and carbon fiber composite cables (CFCCs) in Japan and internationally. It offers its wire ropes that are used in cranes, elevators, forestry and fisheries, rope slings, and cableways; galvanized wires and strands for use in electric power and communication fields; and steel cords, including steel tire cords that are used in steel radial tires, hose wires to reinforce high pressure hose, and saw wires to produce wafers and chips. The company also provides engineering, bridge and structural cable, and CFCC, as well as aluminum conductor fiber reinforced products. In addition, it designs and constructs road safety devices, such as rock fall prevention nets; and environment protection products, including sound insulation walls, and bridges and cable-suspended bridges, as well as manufactures and sells various industrial machinery and metal fibers. The company was founded in 1887 and is headquartered in Tokyo, Japan.

Sector: Industrials - Industry: Specialty Industrial Machinery

Financial Ratios
Quick Ratio0.79
Working Capital0.12
Return On Equity0.05
Debt To Equity0.78
Fixed Asset Ratio0.01
Fixed Interest Cover5.99

Financial data

Financial Statements

Cashflow Statement 2019-03-31 2020-03-31 2021-03-31 2022-03-31
Change To Liabilities 665M 25M -429M 452M
Total Cashflows From Investing Activities -4.03B -2.12B -396M -1.5B
Net Borrowings -737M 2.53B -2.8B -1.95B
Total Cash From Financing Activities -268M 4.46B -2.68B -2.29B
Change To Operating Activities -411M 70M 76M 275M
Issuance Of Stock 4M 10M 4M 30M
Net Income 153M -2.43B 408M 1.31B
Change In Cash -1.04B 2.95B -173M -1.66B
Effect Of Exchange Rate -17M 48M -84M 177M
Total Cash From Operating Activities 3.25B 559M 2.83B 1.92B
Depreciation 2.31B 2.58B 2.33B 2.28B
Change To Account Receivables 405M -935M 627M -653M
Other Cashflows From Financing Activities 1.11B 2.59B 120M -357M
Change To Netincome -291M 2.09B 94M 834M
Capital Expenditures -3.44B -2.62B -1.63B -1.31B

Income Statement 2019-03-31 2020-03-31 2021-03-31 2022-03-31
Research Development
Income Before Tax 693M -2B -286M 529M
Net Income 153M -2.43B 408M 1.31B
Selling General Administrative 10.93B 10.78B 10.1B 10.65B
Gross Profit 11.95B 11.34B 10.97B 12.46B
Ebit 930M 340M 701M 1.62B
Operating Income 930M 340M 701M 1.62B
Interest Expense -280M -287M -299M -271M
Income Tax Expense 540M 647M -291M 59M
Total Revenue 63.97B 63.09B 59.18B 63.78B
Cost Of Revenue 52.02B 51.75B 48.21B 51.32B
Total Other Income ExpenseNet -237M -2.35B -987M -1.09B
Net Income From Continuing Ops 153M -2.65B 5M 470M
Net Income Applicable To Common Shares 153M -2.43B 408M 1.31B

Balance Sheet Statement 2019-03-31 2020-03-31 2021-03-31 2022-03-31
Total Liabilities 60.35B 63.2B 59.34B 57.58B
Total Stockholder Equity 24.25B 20.42B 23.32B 25.5B
Other Current Liabilities 5.85B 6.09B 5.98B 5.95B
Total Assets 84.59B 85.02B 84.14B 83.72B
Common Stock 1B 1B 1B 1B
Other Current Assets 1.4B 1.31B 1.2B 1.26B
Retained Earnings 14.04B 11.61B 12.34B 13.57B
Treasury Stock 8.53B 6.75B 8.91B 9.87B
Cash 3.33B 6.28B 6.1B 4.44B
Total Current Liabilities 33.98B 38B 26.12B 26.95B
Other Stockholder Equity 8.83B 7.06B 9.22B 10.15B
Property, Plant, and Equipment 36.21B 34.54B 33.61B 31.73B
Total Current Assets 33.98B 38.98B 36.81B 37.5B
Net Tangible Assets 23.45B 19.72B 22.76B 25.07B
Net Receivables 13.88B 14.79B 14.16B 15.69B
Accounts Payable 12.3B 12.18B 12B 12.44B


Insider Transactions

Here are the insider transactions of stock shares related to TOKYO ROPE MANUFACTURING CO:

Filer Name Transaction Text Ownership Date Filer Relation Shares
NO DATA

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to TOKYO ROPE MANUFACTURING CO. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on TOKYO ROPE MANUFACTURING CO

Here is the result of two systematic investment strategies applied to TOKYO ROPE MANUFACTURING CO. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on TOKYO ROPE MANUFACTURING CO

The following chart shows the equity curve of the two systematic investment strategies applied to TOKYO ROPE MANUFACTURING CO:

TOKYO ROPE MANUFACTURING CO automated entries

The systematic investment strategy that buys the first day of the month would give a performance of -7.75% on the backtest period.

Performance at glance

Performance

-7.75 %

Latent gain

-719.0 ¥

Invested capital

9275.0 ¥

Annualized return

-1.85 %
Build your Trading System
Automated Trading using Prorealtime ebook

Momentum strategy results on TOKYO ROPE MANUFACTURING CO

This is the result of two momentum investment strategies applied to TOKYO ROPE MANUFACTURING CO. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on TOKYO ROPE MANUFACTURING CO

The following chart shows all the entries opened by the momentum investment system on TOKYO ROPE MANUFACTURING CO:

TOKYO ROPE MANUFACTURING CO momentum entries
  • The first momentum investment strategy would give -13.61% of return on TOKYO ROPE MANUFACTURING CO. That represents -1348.0¥ of latent gain with 9904.0¥ of employed capital.
  • The second momentum investment strategy would give -12.57% of return on TOKYO ROPE MANUFACTURING CO. That represents -1230.0¥ of latent gain with 9786.0¥ of employed capital.
Performance at glance (1Q Momentum)

Performance

-13.61 %

Latent gain

-1348.0 ¥

Invested capital

9904.0 ¥

Annualized return

24.55 %
Performance at glance (2Q Momentum)

Performance

-12.57 %

Latent gain

-1230.0 ¥

Invested capital

9786.0 ¥

Annualized return

-3.38 %

Momentum equity curve on TOKYO ROPE MANUFACTURING CO

The following chart shows the equity curve of the two momentum strategies applied to TOKYO ROPE MANUFACTURING CO:

TOKYO ROPE MANUFACTURING CO momentum equity

Note: the dividends potentially given by TOKYO ROPE MANUFACTURING CO are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on TOKYO ROPE MANUFACTURING CO

The following chart shows the employed capital evolution of the two momentum strategies on TOKYO ROPE MANUFACTURING CO since the beginning:

TOKYO ROPE MANUFACTURING CO

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250¥, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000¥.


Buy the dip strategy result on TOKYO ROPE MANUFACTURING CO

Buy the dip entry openings on TOKYO ROPE MANUFACTURING CO

TOKYO ROPE MANUFACTURING CO

The performance achieved by the robo-advisor on TOKYO ROPE MANUFACTURING CO is 54.0%. That represents 1000.0$ of latent gain with 1852.0¥ of employed capital. The following chart shows TOKYO ROPE MANUFACTURING CO stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of TOKYO ROPE MANUFACTURING CO, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

54.0 %

Latent gain

1000.0 ¥

Invested capital

1852.0 ¥

Annualized return

24.55 %

Equity curve of the strategy applied to TOKYO ROPE MANUFACTURING CO

The following chart shows the result of the investment strategy applied to TOKYO ROPE MANUFACTURING CO:

TOKYO ROPE MANUFACTURING CO

Note: the dividends potentially given by TOKYO ROPE MANUFACTURING CO are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on TOKYO ROPE MANUFACTURING CO

The following chart shows the employed capital evolution since the beginning of the investment strategy on TOKYO ROPE MANUFACTURING CO:

TOKYO ROPE MANUFACTURING CO

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on TOKYO ROPE MANUFACTURING CO

In this section, I will compare the three previous investment strategies applied to TOKYO ROPE MANUFACTURING CO.

Equity curve comparison on TOKYO ROPE MANUFACTURING CO

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

TOKYO ROPE MANUFACTURING CO investment strategy comparison

Employed capital comparison on TOKYO ROPE MANUFACTURING CO

TOKYO ROPE MANUFACTURING CO investment comparison

Performance comparison on TOKYO ROPE MANUFACTURING CO

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment -7.75% -719.0¥ 9275.0¥ -1.85%
Momentum 1 quarter -13.61% -1348.0¥ 9904.0¥ -3.44%
Momentum 2 quarters -12.57% -1230.0¥ 9786.0¥ -3.38%
Non-directional 54.0% 1000.0¥ 1852.0¥ 24.55%
Annualized return comparison

Automatic investment

-1.85 %

Momentum 1Q

-3.38 %

Momentum 2Q

-3.38 %

Non-directional

24.55 %

Correlated stocks

Here are the most positively and negatively correlated stocks with TOKYO ROPE MANUFACTURING CO:

Positive correlations

Most correlated stocks this year


Most correlated stocks last 3 months

Negative correlation

Most negatively correlated stocks this year


Most negatively correlated stocks last 3 months

Note: The algorithm computes the probability of correlation between TOKYO ROPE MANUFACTURING CO and the other stocks. There may be false positives or some missing correlated stocks. If the price of TOKYO ROPE MANUFACTURING CO does not vary for 36 weeks, the correlation calculation result will be wrong.


Company information

Company name TOKYO ROPE MANUFACTURING CO
Country Japan
City Tokyo
Address 3-6-2 Nihonbashi
Phone 81 3 6366 7777
Website www.tokyorope.co.jp
FullTime employees 1561
Industry Specialty Industrial Machinery
Sector Industrials
Exchange XTKS
Ticker 5981.XTKS
Market www.jpx.co.jp

TOKYO ROPE MANUFACTURING CO ESG Scores

Environment scores

Environment ESG Factors Scores
Environment Score 0
Peer Environment Performance unknown
Environment Percentile unknown
Palm Oil unknown
Nuclear unknown
Fur Leather unknown
GMO unknown
Coal unknown
Pesticides unknown
Animal Testing unknown

Social scores

Social ESG Factors Scores
Social Score 0
Peer Social Performance unknown
Social Percentile unknown
Highest Controversy unknown
Peer Highest Controversy Performance unknown
Adult unknown
Gambling unknown
Alcoholic unknown
Tobacco unknown
Catholic unknown
Controversial Weapons unknown
Small Arms unknown
Military Contract unknown
Peer Count unknown

Related Controversy:


Governance scores

Governance ESG Factors Scores
Governance Score 0
Peer Governance Performance unknown
Governance Percentile unknown

ESG at glance
Total ESG Scores: unknown
Environment Score: 0
Social Score: 0
Governance Score: 0

ESG Performance: unknown

Peer Group: unknown

Peer Esg Score Performance: unknown

Rating Year: unknown

Rating Month: unknown

Max Age: unknown

Percentile: unknown