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Electronic Technology

Citizen Watch Co., Ltd.

Business Summary

Citizen Watch Co., Ltd. engages in the manufacture and sale of watches, machine tools, and electronic devices. It operates through the following segments: Watches, Machine Tools, Devices and Components, Electronic Products, and Others. The Watches segment provides watches and quartz movement services. The Machine Tools segment manufactures numerical control automatic lathes. The Devices and Components segment offers light-emitting diode, automotive parts, quartz crystals, micro display devices, and switches. The Electronic Products segment offers calculators, printers, and healthcare equipment. The Others segment manufactures jewelry. The company was founded on May 28, 1930 and is headquartered in Tokyo, Japan.

Financial Highlights

Mar 2022 JPYUSD
Revenue281,417M2,504.31M
Gross Profit106,839M950.75M
Operating income22,274M198.21M
Income before tax26,694M237.54M
Net income22,141M197.03M
EBITDA33,457M297.73M
Diluted EPS71.370.63
Dividends Per Share180.16
Total Assets394,962M3,254.06M
Total liabilities156,288M1,287.64M
Total equity229,306M1,889.23M
Operating cash flow34,693M308.73M
Currency in JPYCurrency in USD

Historical Data

 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 320,047M 321,652M 278,531M 206,641M 281,417M
Gross Profit 120,174M 118,555M 95,232M 61,345M 106,839M
Operating income 24,921M 22,412M 5,923M -9,676M 22,274M
Income before tax 27,442M 19,251M -15,086M -13,761M 26,694M
Net income 19,303M 13,370M -16,668M -25,174M 22,141M
EBITDA 40,250M 36,713M 21,322M 1,830M 33,457M
Diluted EPS 60.64 42.00 -53.06 -80.51 71.37
Dividends Per Share 22 20 12 5 18
Total Assets 409,909M 413,911M 369,575M 365,811M 394,962M
Total liabilities 146,193M 146,361M 138,779M 152,943M 156,288M
Total equity 253,912M 257,449M 221,725M 203,986M 229,306M
Operating cash flow 32,539M 19,897M 17,347M 7,489M 34,693M
 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 2,887.66M 2,900.51M 2,561.77M 1,948.38M 2,504.31M
Gross Profit 1,084.28M 1,069.07M 875.89M 578.41M 950.75M
Operating income 224.85M 202.10M 54.47M -91.23M 198.21M
Income before tax 247.59M 173.59M -138.75M -129.75M 237.54M
Net income 174.16M 120.56M -153.30M -237.36M 197.03M
EBITDA 363.16M 331.06M 196.10M 17.25M 297.73M
Diluted EPS 0.54 0.37 -0.48 -0.75 0.63
Dividends Per Share 0.19 0.18 0.11 0.04 0.16
Total Assets 3,854.33M 3,739.54M 3,423.41M 3,310.50M 3,254.06M
Total liabilities 1,374.64M 1,322.32M 1,285.52M 1,384.09M 1,287.64M
Total equity 2,387.51M 2,325.96M 2,053.86M 1,846.02M 1,889.23M
Operating cash flow 293.58M 179.42M 159.54M 70.61M 308.73M

Valuation Measures

Mar 2022
PER7.29
ROA5.82%
ROE10.21%
Operating margin7.91%
Profit margin7.86%

Key executives

  • President & Representative Director: Toshihiko Sato
  • Director, Head-Information Systems & Accounting: Toshiyuki Furukawa
  • Director, Manager-Research & Development Center: Yoshitaka Oji
  • Director, Head-Personnel & CSR Office: Yoshiaki Miyamoto
  • Director & Senior head-Quality Assurance: Shinji Shirai

Shareholders

  • Citizen Watch Co., Ltd. (6.3%)
  • Nomura Asset Management Co., Ltd. (6.1%)
  • Sompo Asset Management Co., Ltd. (5.7%)
  • Schroder Investment Management Ltd. (4.8%)
  • Nippon Life Insurance Co. (3.8%)
  • Nichia Corp. (3.1%)
  • Mitsubishi UFJ Financial Group, Inc. (2.8%)
  • Sumitomo Mitsui Trust Asset Management Co., Ltd. (2.7%)
  • Nikko Asset Management Co., Ltd. (2.7%)
  • Daiwa Asset Management Co. Ltd. (2.5%)

Contact Details

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  • Citizen Watches Australia Pty Ltd.
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  • Citizen Machinery Vietnam Co., Ltd.
  • Citizen Electronics (China) Co., Ltd.

Competitors

  • TransAct Technologies Incorporated
  • Bixolon Co., Ltd.
  • Edison Opto Corporation
  • Harvatek Corporation
  • Fossil Group, Inc.
  • Movado Group, Inc.
  • Ledtech Electronics Corp.
  • Himax Technologies, Inc. Sponsored ADR
  • Vuzix Corporation
Last Updated on 18 May, 2022

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