Company description

Chuo Spring Co.,Ltd. manufactures and sells springs and control cables in Japan, the United States, Taiwan, Indonesia, Thailand, and China. It offers automotive products, such as chassis springs, including coil and leaf springs, and stabilizer and torsion bars; and precision springs comprising valve/arc/brake tension/torsion/springs, flat springs, formed wire clamps/spiral springs, HV belleville springs, and CVT springs. The company also provides control cables consisting of parking brake, transmission, hood/fuel lid/trunk release, power slide door/door lock/lock release, and emergency parking brake release cables. In addition, it offers CABLEX products, which include smoke ejection/ventilation systems, top-light with smoke ejection and ventilation systems, push/pull cables, and wheelchair fixtures; electric vehicle charging cable reels; and customized springs. Chuo Spring Co.,Ltd. was founded in 1925 and is headquartered in Nagoya, Japan.

Sector: Consumer Cyclical - Industry: Auto Parts

Financial Ratios
Quick Ratio1.42
Working Capital0.08
Return On Equity0.03
Debt To Equity0.07
Fixed Asset Ratio0
Fixed Interest Cover58.06

Financial data

Financial Statements

Cashflow Statement 2019-03-31 2020-03-31 2021-03-31 2022-03-31
Change To Liabilities -125M -187M 127M -235M
Total Cashflows From Investing Activities -4.51B -4.28B -2.26B -3.8B
Net Borrowings -2.27B -350M 2.7B 452M
Total Cash From Financing Activities -3.78B -1.56B 1.67B -635M
Change To Operating Activities -1.13B -678M -940M -2.64B
Issuance Of Stock
Net Income 1.78B 1.64B 1.25B 1.8B
Change In Cash -4.42B -643M 2.27B -3.88B
Effect Of Exchange Rate -154M -154M 244M 349M
Total Cash From Operating Activities 3.87B 5.35B 2.62B 208M
Depreciation 3.42B 3.42B 3.35B 3.52B
Change To Account Receivables 41M 1.16B -1.16B -136M
Other Cashflows From Financing Activities -816M -553M -350M -376M
Change To Netincome -529M -456M -790M -536M
Capital Expenditures -3.96B -3.55B -3.27B -3.62B

Income Statement 2019-03-31 2020-03-31 2021-03-31 2022-03-31
Research Development
Income Before Tax 2.92B 2.81B 2.53B 3.41B
Net Income 1.78B 1.64B 1.25B 1.8B
Selling General Administrative 8.42B 8.32B 8.25B 8.36B
Gross Profit 10.67B 11.02B 9.52B 10.22B
Ebit 2.23B 2.69B 1.23B 1.8B
Operating Income 2.23B 2.69B 1.23B 1.8B
Interest Expense -92M -47M -50M -31M
Income Tax Expense 855M 937M 1.01B 1.25B
Total Revenue 83.02B 83.39B 74.66B 82.14B
Cost Of Revenue 72.35B 72.37B 65.13B 71.92B
Total Other Income ExpenseNet 697M 121M 1.3B 1.61B
Net Income From Continuing Ops 2.07B 1.88B 1.52B 2.15B
Net Income Applicable To Common Shares 1.78B 1.64B 1.25B 1.8B

Balance Sheet Statement 2019-03-31 2020-03-31 2021-03-31 2022-03-31
Total Liabilities 26.07B 24.7B 29.53B 33.13B
Total Stockholder Equity 54.47B 53.92B 60.55B 67.1B
Other Current Liabilities 1.5B 1.79B 2B 1.64B
Total Assets 84.22B 82.24B 94.05B 104.55B
Common Stock 10.84B 10.84B 10.84B 10.84B
Other Current Assets 853M 978M 886M 1.35B
Retained Earnings 24.74B 25.77B 26.39B 27.48B
Treasury Stock 7.83B 6.26B 12.26B 17.73B
Cash 10.26B 9.48B 11.75B 7.87B
Total Current Liabilities 16.95B 16.06B 17.5B 18.37B
Other Stockholder Equity 8.41B 6.87B 12.94B 18.4B
Property, Plant, and Equipment 28.79B 28.35B 28.59B 30.11B
Total Current Assets 35.51B 34.17B 38.38B 39.58B
Net Tangible Assets 54.15B 53.65B 60.3B 66.89B
Net Receivables 16.09B 14.87B 16.11B 16.93B
Accounts Payable 10.62B 10.15B 10.49B 11.45B


Insider Transactions

Here are the insider transactions of stock shares related to CHUO SPRING 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 CHUO SPRING 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 CHUO SPRING CO

Here is the result of two systematic investment strategies applied to CHUO SPRING 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 CHUO SPRING CO

The following chart shows the equity curve of the two systematic investment strategies applied to CHUO SPRING CO:

CHUO SPRING CO automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 10.74% on the backtest period.

Performance at glance

Performance

10.74 %

Latent gain

2794.0 ¥

Invested capital

26006.0 ¥

Annualized return

2.56 %
Build your Trading System
Automated Trading using Prorealtime ebook

Momentum strategy results on CHUO SPRING CO

This is the result of two momentum investment strategies applied to CHUO SPRING 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 CHUO SPRING CO

The following chart shows all the entries opened by the momentum investment system on CHUO SPRING CO:

CHUO SPRING CO momentum entries
  • The first momentum investment strategy would give 127.21% of return on CHUO SPRING CO. That represents 11287.0¥ of latent gain with 8873.0¥ of employed capital.
  • The second momentum investment strategy would give 73.7% of return on CHUO SPRING CO. That represents 6110.0¥ of latent gain with 8290.0¥ of employed capital.
Performance at glance (1Q Momentum)

Performance

127.21 %

Latent gain

11287.0 ¥

Invested capital

8873.0 ¥

Annualized return

1.28 %
Performance at glance (2Q Momentum)

Performance

73.7 %

Latent gain

6110.0 ¥

Invested capital

8290.0 ¥

Annualized return

19.81 %

Momentum equity curve on CHUO SPRING CO

The following chart shows the equity curve of the two momentum strategies applied to CHUO SPRING CO:

CHUO SPRING CO momentum equity

Note: the dividends potentially given by CHUO SPRING 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 CHUO SPRING CO

The following chart shows the employed capital evolution of the two momentum strategies on CHUO SPRING CO since the beginning:

CHUO SPRING 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 CHUO SPRING CO

Buy the dip entry openings on CHUO SPRING CO

CHUO SPRING CO

The performance achieved by the robo-advisor on CHUO SPRING CO is 2.81%. That represents 236.0$ of latent gain with 8404.0¥ of employed capital. The following chart shows CHUO SPRING CO stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of CHUO SPRING 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

2.81 %

Latent gain

236.0 ¥

Invested capital

8404.0 ¥

Annualized return

1.28 %

Equity curve of the strategy applied to CHUO SPRING CO

The following chart shows the result of the investment strategy applied to CHUO SPRING CO:

CHUO SPRING CO

Note: the dividends potentially given by CHUO SPRING 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 CHUO SPRING CO

The following chart shows the employed capital evolution since the beginning of the investment strategy on CHUO SPRING CO:

CHUO SPRING 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 CHUO SPRING CO

In this section, I will compare the three previous investment strategies applied to CHUO SPRING CO.

Equity curve comparison on CHUO SPRING CO

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

CHUO SPRING CO investment strategy comparison

Employed capital comparison on CHUO SPRING CO

CHUO SPRING CO investment comparison

Performance comparison on CHUO SPRING CO

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 10.74% 2794.0¥ 26006.0¥ 2.56%
Momentum 1 quarter 127.21% 11287.0¥ 8873.0¥ 32.12%
Momentum 2 quarters 73.7% 6110.0¥ 8290.0¥ 19.81%
Non-directional 2.81% 236.0¥ 8404.0¥ 1.28%
Annualized return comparison

Automatic investment

2.56 %

Momentum 1Q

19.81 %

Momentum 2Q

19.81 %

Non-directional

1.28 %

Correlated stocks

Here are the most positively and negatively correlated stocks with CHUO SPRING 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 CHUO SPRING CO and the other stocks. There may be false positives or some missing correlated stocks. If the price of CHUO SPRING CO does not vary for 36 weeks, the correlation calculation result will be wrong.


Company information

Company name CHUO SPRING CO
Country Japan
City Nagoya
Address 68 Aza Kamishiota
Phone 81 52 623 1111
Website www.chkk.co.jp
FullTime employees 3006
Industry Auto Parts
Sector Consumer Cyclical
Exchange XTKS
Ticker 5992.XTKS
Market www.jpx.co.jp

CHUO SPRING 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