NIRECO CORPORATION chart

Last update: 2021-02-12
Key statistics and financials
Revenue per share 1,095.78
Dividend & Yield40.00¥ (4.22%)
Beta 1.24
Market capitalization 6.99B
Operating cash flow N/A
ESG Scores unknown

Company description

Nireco Corporation provides process control, Web control, and inspection systems in Japan. It offers control and measuring systems, including electro-hydraulic actuators, eddy current level meters, thickness measuring systems, metal industry related edge position control systems, and automatic marking systems for steel and non-ferrous metal production lines. The company also provides Web control products, which include printing film related edge position control systems, tension control systems, automatic register control systems, print-to-cut register control systems, printing quality inspection systems, and gluing control systems. In addition, it offers inspection systems, such as defect inspection systems for plain surfaces, pouch packaging inspection systems, near-infrared ray analysis systems, image processing and analysis systems, and fruit and vegetable quality analysis systems, as well as fish selectors. The company was formerly known as Nippon Regulator Co., Ltd. and changed its name to Nireco Corporation in November 1984. Nireco Corporation was founded in 1931 and is headquartered in Hachioji, Japan.

Sector: Technology - Industry: Scientific & Technical Instruments

Financial Ratios
Quick Ratio4.74
Working Capital0.04
Return On Equity0.03
Debt To Equity0.02
Fixed Asset Ratio0.01
Fixed Interest Cover188

Financial data

Financial Statements

Cashflow Statement 2019-03-31 2020-03-31 2021-03-31 2022-03-31
Change To Liabilities 36M -187M -93M 152M
Total Cashflows From Investing Activities -1.59B -148M -285M -359M
Net Borrowings -86M -136M -186M -182M
Total Cash From Financing Activities -315M -485M -409M -393M
Change To Operating Activities -195M -3M 174M 61M
Issuance Of Stock
Net Income 489M 779M 432M 406M
Change In Cash -1.69B -393M 449M 123M
Effect Of Exchange Rate -15M 1M 1M 26M
Total Cash From Operating Activities 227M 241M 1.14B 849M
Depreciation 483M 153M 247M 300M
Change To Account Receivables -225M -705M 549M 422M
Other Cashflows From Financing Activities -18M -80M -5M -6M
Change To Netincome -342M -177M -310M -154M
Capital Expenditures -204M -168M -218M -215M

Income Statement 2019-03-31 2020-03-31 2021-03-31 2022-03-31
Research Development 434M 421M 374M 354M
Income Before Tax 753M 1.03B 633M 650M
Net Income 489M 779M 432M 406M
Selling General Administrative 1.94B 1.95B 1.88B 2B
Gross Profit 3.26B 3.32B 2.86B 2.92B
Ebit 898M 952M 600M 564M
Operating Income 898M 952M 600M 564M
Interest Expense -1M -2M -4M -3M
Income Tax Expense 260M 252M 201M 244M
Total Revenue 8.44B 8.78B 7.9B 8.12B
Cost Of Revenue 5.18B 5.46B 5.04B 5.2B
Total Other Income ExpenseNet -145M 78M 33M 86M
Net Income From Continuing Ops 493M 778M 432M 406M
Net Income Applicable To Common Shares 489M 779M 432M 406M

Balance Sheet Statement 2019-03-31 2020-03-31 2021-03-31 2022-03-31
Total Liabilities 1.52B 2.06B 1.8B 2.3B
Total Stockholder Equity 12.48B 12.87B 13.52B 13.84B
Other Current Liabilities 519M 620M 514M 574M
Total Assets 14.01B 14.94B 15.32B 16.15B
Common Stock 3.07B 3.07B 3.07B 3.07B
Other Current Assets 351M 238M 170M 485M
Retained Earnings 5.67B 6.24B 6.46B 6.66B
Treasury Stock -387M -565M -132M -9M
Cash 4.99B 4.16B 4.68B 4.83B
Total Current Liabilities 1.46B 1.49B 1.35B 1.77B
Other Stockholder Equity 249M 136M 552M 675M
Property, Plant, and Equipment 1.92B 2.85B 2.93B 3.3B
Total Current Assets 10.51B 10.44B 10.4B 10.89B
Net Tangible Assets 12.34B 12.63B 13.31B 13.58B
Net Receivables 3.27B 4.11B 3.57B 3.07B
Accounts Payable 392M 299M 352M 610M


Insider Transactions

Here are the insider transactions of stock shares related to NIRECO CORPORATION:

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 NIRECO CORPORATION. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on NIRECO CORPORATION

Here is the result of two systematic investment strategies applied to NIRECO CORPORATION. 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 NIRECO CORPORATION

The following chart shows the equity curve of the two systematic investment strategies applied to NIRECO CORPORATION:

NIRECO CORPORATION automated entries

The systematic investment strategy that buys the first day of the month would give a performance of -2.53% on the backtest period.

Performance at glance

Performance

-2.53 %

Latent gain

-238.0 ¥

Invested capital

9398.0 ¥

Annualized return

-0.61 %
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Momentum strategy results on NIRECO CORPORATION

This is the result of two momentum investment strategies applied to NIRECO CORPORATION. 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 NIRECO CORPORATION

The following chart shows all the entries opened by the momentum investment system on NIRECO CORPORATION:

NIRECO CORPORATION momentum entries
  • The first momentum investment strategy would give 3.04% of return on NIRECO CORPORATION. That represents 270.0¥ of latent gain with 8890.0¥ of employed capital.
  • The second momentum investment strategy would give -3.7% of return on NIRECO CORPORATION. That represents -352.0¥ of latent gain with 9512.0¥ of employed capital.
Performance at glance (1Q Momentum)

Performance

3.04 %

Latent gain

270.0 ¥

Invested capital

8890.0 ¥

Annualized return

-4.5 %
Performance at glance (2Q Momentum)

Performance

-3.7 %

Latent gain

-352.0 ¥

Invested capital

9512.0 ¥

Annualized return

-1.0 %

Momentum equity curve on NIRECO CORPORATION

The following chart shows the equity curve of the two momentum strategies applied to NIRECO CORPORATION:

NIRECO CORPORATION momentum equity

Note: the dividends potentially given by NIRECO CORPORATION 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 NIRECO CORPORATION

The following chart shows the employed capital evolution of the two momentum strategies on NIRECO CORPORATION since the beginning:

NIRECO CORPORATION

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 NIRECO CORPORATION

Buy the dip entry openings on NIRECO CORPORATION

NIRECO CORPORATION

The performance achieved by the robo-advisor on NIRECO CORPORATION is -9.81%. That represents -299.0$ of latent gain with 3047.0¥ of employed capital. The following chart shows NIRECO CORPORATION stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of NIRECO CORPORATION, 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

-9.81 %

Latent gain

-299.0 ¥

Invested capital

3047.0 ¥

Annualized return

-4.5 %

Equity curve of the strategy applied to NIRECO CORPORATION

The following chart shows the result of the investment strategy applied to NIRECO CORPORATION:

NIRECO CORPORATION

Note: the dividends potentially given by NIRECO CORPORATION 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 NIRECO CORPORATION

The following chart shows the employed capital evolution since the beginning of the investment strategy on NIRECO CORPORATION:

NIRECO CORPORATION

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 NIRECO CORPORATION

In this section, I will compare the three previous investment strategies applied to NIRECO CORPORATION.

Equity curve comparison on NIRECO CORPORATION

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

NIRECO CORPORATION investment strategy comparison

Employed capital comparison on NIRECO CORPORATION

NIRECO CORPORATION investment comparison

Performance comparison on NIRECO CORPORATION

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment -2.53% -238.0¥ 9398.0¥ -0.61%
Momentum 1 quarter 3.04% 270.0¥ 8890.0¥ 0.77%
Momentum 2 quarters -3.7% -352.0¥ 9512.0¥ -1.0%
Non-directional -9.81% -299.0¥ 3047.0¥ -4.5%
Annualized return comparison

Automatic investment

-0.61 %

Momentum 1Q

-1.0 %

Momentum 2Q

-1.0 %

Non-directional

-4.5 %

Correlated stocks

Here are the most positively and negatively correlated stocks with NIRECO CORPORATION:

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 NIRECO CORPORATION and the other stocks. There may be false positives or some missing correlated stocks. If the price of NIRECO CORPORATION does not vary for 36 weeks, the correlation calculation result will be wrong.


Company information

Company name NIRECO CORPORATION
Country Japan
City Hachioji
Address 2951-4 Ishikawa-machi
Phone 81 42 642 3111
Website www.nireco.com
FullTime employees 453
Industry Scientific & Technical Instruments
Sector Technology
Exchange XTKS
Ticker 6863.XTKS
Market www.jpx.co.jp

NIRECO CORPORATION 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