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List of Conversion Stocks (Part 1) [List of Parabolic Signal Conversion Stocks]
List of buying conversion stocks Market Code Company Name Closing Price SAR 東証プライム <1301> Gyokuyo 3915 3680 <1773> YTL 123 108 <2146> UT Group 2910 2744 <2359> Core 1911 1812 <2374> Sintokogio HD 850 819
EleMatec Research Memo (12): Annual dividend of 90 yen is planned for the fiscal year of March 2025 under the new dividend policy.
- Elec-Mech Co. Ltd. <2715> follows a principle of distributing dividends for shareholder returns, and has set a target of "dividend payout ratio of 40% or more". However, starting from March 2024, the company has changed its dividend policy to "set the dividend payout ratio (consolidated) to be either 50% or a higher amount calculated by either of the two criteria of DOE 3%". The reason for the change in dividend policy is due to 1) an increase in available funds as business performance has steadily expanded, and 2) a focus on the automotive industry.
EleMatec Research Memo (11): Focusing on "Responding to Climate Change" in Sustainability.
4. Erematic (2715) has been actively working on sustainability, particularly focusing on responding to climate change (TCFD). (1) Attitude toward climate changeThe company group has declared its determination to contribute to the realization of a decarbonized society by supplying environmentally friendly parts as a global manufacturing partner. In its business activities, it aims to reduce GHG emissions by 30% by FY2031 compared to FY2019. In FY2021, GHG emissions (Scope 1+2) were 8,801 t-CO2e and Scope 3 emissions were 64,152 t-CO2e.
Elema Tech Research Memo (8): Implementing the midterm global strategy "Elema Tech ProPlus" (1)
■ Medium to Long-Term Growth Strategy 1. Basic Principles of the Medium-Term Management Strategy, “Erematec ProPlus” Erematec <2715> has announced the medium-term management strategy, “Erematec ProPlus” (March 2024 to March 2026) following “Erematec NEXT” which has been implemented until the previous period. The following is a summary of the strategy. (1) External Environment and Challenges the Company Face The company regards the trend of the external environment as "geopolitical risks and volatility in domestic and international markets" and "sophistication and diversification of customer needs".
Elecmatec Research Memo (6): Hand funds are 42.1 billion yen, and the self-capital ratio is over 60%, which results in a stable financial foundation.
Performance Trends 4. Financial Condition Eleme Tech <2715> As of the end of March 2024, the current assets were 1,080.96 billion yen (an increase of 790 million yen compared to the previous period), mainly due to an increase in cash and deposits of 917.2 million yen, a decrease in bills receivable and accounts receivable due to a decrease in revenue of 904.9 million yen, and an increase in inventory assets of 54.7 million yen. Fixed assets were 76.3 billion yen (an increase of 102.4 million yen), mainly due to an increase in tangible fixed assets of 550 million yen, a decrease in intangible fixed assets of 40 million yen, and investment.
EleMatec Research Memo (5): In the fiscal year ending March 2024, although revenue and profits will decrease, operating profit is the second highest level in the past 10 years.
Performance Trends: 1. Performance Overview: For the fiscal year ending March 2024, Elemech Tech <2715>'s performance was revenue of JPY194,457 million (18.9% decrease from the previous year), operating profit of JPY8,429 million (30.1% decrease), ordinary profit of JPY7,595 million (31.8% decrease), and net income attributable to parent company shareholders of JPY5,367 million (30.3% decrease). By market, Automotive increased by 21.2% due to increased production of customers and adoption of new products.
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