ITEC CORPORATION chart

Last update: 2021-02-19
Key statistics and financials
Revenue per share 11,503.50
Dividend & Yield70.00¥ (4.38%)
Beta 0.67
Market capitalization 12.5B
Operating cash flow -4.11B
ESG Scores unknown

Company description

ITEC Corporation processes, manufactures, and trades in steel products in Japan. It offers shape steel products, such as H type steel, external H type steel, equilateral and unequal angle steel, channel steel, I shaped steel, flat steel, lip-shaped steel, lightweight H-shaped steel, light channel steel, steel sheet pile, lightweight steel sheet pile, and stainless steel. The company also provides round, deformed round, and square steel bars; steel plates for building steel and pressure vessels; steel sheets for general structure, welding structure, machine structure, and shipbuilding; and striped and stainless-steel plates. In addition, it offers steel pipes, such as columns, medium diameter square steel pipes, steel pipe piles, steel pipe sheet, and stainless-steel pipes, as well as steel pipes for general and mechanical structural products. Further, the company provides base packs, NC base products, high base products, various bolts, welding wires, flux tabs, gouging lots, liner plates, and corrugated products. Additionally, it is involved in transportation business; construction, steel construction, and architectural drawing contract works; and the production and sale of industrial machines. The company was founded in 1923 and is headquartered in Shizuoka, Japan.

Sector: Basic Materials - Industry: Steel

Financial data

Financial Statements

Cashflow Statement 2019-03-31 2020-03-31 2021-03-31 2022-03-31
Change To Liabilities 2.84B -3.67B -1.24B 7.54B
Total Cashflows From Investing Activities -2.49B -257M -1.3B -1.72B
Net Borrowings 2.14B -3.56B -1.06B -61M
Total Cash From Financing Activities 1.45B -4.18B -5.57B -1.4B
Change To Operating Activities -2.32B 1B -1.67B 1.02B
Issuance Of Stock
Net Income 3.79B 2.69B 1.16B 4.28B
Change In Cash -1.27B 4.56B -1.26B -3.28B
Effect Of Exchange Rate 20M 9M
Total Cash From Operating Activities -248M 8.99B 5.61B -532M
Depreciation 1.35B 1.4B 1.29B 1.24B
Change To Account Receivables -3.27B 5.93B 4.48B -8.72B
Other Cashflows From Financing Activities -37M -29M -138M -7M
Change To Netincome -374M -1.71B -461M -1.17B
Capital Expenditures -3.05B -482M -1.03B -1.11B

Income Statement 2019-03-31 2020-03-31 2021-03-31 2022-03-31
Research Development
Income Before Tax 5.92B 4.28B 1.97B 6.76B
Net Income 3.79B 2.69B 1.16B 4.28B
Selling General Administrative 7.63B 7.3B 6.48B 7.23B
Gross Profit 12.5B 11.86B 8.73B 14.6B
Ebit 4.29B 3.96B 1.71B 6.86B
Operating Income 4.29B 3.96B 1.71B 6.86B
Interest Expense -56M -56M -54M -50M
Income Tax Expense 2.1B 1.52B 749M 2.45B
Total Revenue 89.91B 83.37B 67.78B 84.58B
Cost Of Revenue 77.41B 71.51B 59.06B 69.98B
Total Other Income ExpenseNet 1.63B 315M 262M -103M
Net Income From Continuing Ops 3.82B 2.75B 1.22B 4.31B
Net Income Applicable To Common Shares 3.79B 2.69B 1.16B 4.28B

Balance Sheet Statement 2019-03-31 2020-03-31 2021-03-31 2022-03-31
Total Liabilities 40.98B 33.86B 30.51B 42.21B
Total Stockholder Equity 31.54B 33.63B 30.59B 34.05B
Other Current Liabilities 3.1B 4.45B 2.44B 6.27B
Total Assets 72.76B 67.78B 61.34B 76.53B
Common Stock 3.95B 3.95B 3.95B 3.95B
Other Current Assets 929M 277M 512M 7.84B
Retained Earnings 25.25B 26.18B 26.9B 27.89B
Treasury Stock -1.78B -614M -4.39B -1.92B
Cash 3.43B 7.66B 6.44B 3.31B
Total Current Liabilities 34.59B 28.1B 26.01B 38.82B
Other Stockholder Equity -144M -196M -103M -114M
Property, Plant, and Equipment 22.14B 21.35B 21B 20.94B
Total Current Assets 48.77B 44.71B 38.01B 52.78B
Net Tangible Assets 31.43B 33.55B 30.51B 33.98B
Net Receivables 27.21B 21.33B 16.85B 20.22B
Accounts Payable 14.94B 10.13B 9.96B 17.8B


Insider Transactions

Here are the insider transactions of stock shares related to ITEC 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 ITEC 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 ITEC CORPORATION

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

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

ITEC CORPORATION automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 0.72% on the backtest period.

Performance at glance

Performance

0.72 %

Latent gain

92.0 ¥

Invested capital

12788.0 ¥

Annualized return

0.17 %
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Momentum strategy results on ITEC CORPORATION

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

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

ITEC CORPORATION momentum entries
  • The first momentum investment strategy would give 12.17% of return on ITEC CORPORATION. That represents 1048.0¥ of latent gain with 8612.0¥ of employed capital.
  • The second momentum investment strategy would give 11.65% of return on ITEC CORPORATION. That represents 1008.0¥ of latent gain with 8652.0¥ of employed capital.
Performance at glance (1Q Momentum)

Performance

12.17 %

Latent gain

1048.0 ¥

Invested capital

8612.0 ¥

Annualized return

-2.87 %
Performance at glance (2Q Momentum)

Performance

11.65 %

Latent gain

1008.0 ¥

Invested capital

8652.0 ¥

Annualized return

3.05 %

Momentum equity curve on ITEC CORPORATION

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

ITEC CORPORATION momentum equity

Note: the dividends potentially given by ITEC 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 ITEC CORPORATION

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

ITEC 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 ITEC CORPORATION

Buy the dip entry openings on ITEC CORPORATION

ITEC CORPORATION

The performance achieved by the robo-advisor on ITEC CORPORATION is -6.59%. That represents -227.0$ of latent gain with 3447.0¥ of employed capital. The following chart shows ITEC CORPORATION stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of ITEC 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

-6.59 %

Latent gain

-227.0 ¥

Invested capital

3447.0 ¥

Annualized return

-2.87 %

Equity curve of the strategy applied to ITEC CORPORATION

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

ITEC CORPORATION

Note: the dividends potentially given by ITEC 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 ITEC CORPORATION

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

ITEC 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 ITEC CORPORATION

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

Equity curve comparison on ITEC CORPORATION

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

ITEC CORPORATION investment strategy comparison

Employed capital comparison on ITEC CORPORATION

ITEC CORPORATION investment comparison

Performance comparison on ITEC CORPORATION

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 0.72% 92.0¥ 12788.0¥ 0.17%
Momentum 1 quarter 12.17% 1048.0¥ 8612.0¥ 3.0%
Momentum 2 quarters 11.65% 1008.0¥ 8652.0¥ 3.05%
Non-directional -6.59% -227.0¥ 3447.0¥ -2.87%
Annualized return comparison

Automatic investment

0.17 %

Momentum 1Q

3.05 %

Momentum 2Q

3.05 %

Non-directional

-2.87 %

Correlated stocks

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


Company information

Company name ITEC CORPORATION
Country Japan
City Shizuoka
Address 387-7 Miho
Phone 81 54 337 2000
Website www.itec-c.co.jp
FullTime employees 815
Industry Steel
Sector Basic Materials
Exchange XTKS
Ticker 9964.XTKS
Market www.jpx.co.jp

ITEC 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