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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 2020 JPYUSD
Revenue278,531M2,561.77M
Gross Profit95,232M875.89M
Operating income5,923M54.47M
Income before tax-15,086M-138.75M
Net income-16,668M-153.30M
EBITDA21,322M196.10M
Diluted EPS-53.06-0.48
Dividends Per Share120.11
Total Assets369,575M3,423.41M
Total liabilities138,779M1,285.52M
Total equity221,725M2,053.86M
Operating cash flow17,347M159.54M
Currency in JPYCurrency in USD

Historical Data

 Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Revenue 348,267M 312,559M 320,047M 321,652M 278,531M
Gross Profit 130,319M 116,499M 120,174M 118,555M 95,232M
Operating income 30,410M 21,464M 24,921M 22,412M 5,923M
Income before tax 22,550M 22,467M 27,442M 19,251M -15,086M
Net income 13,201M 16,574M 19,303M 13,370M -16,668M
EBITDA 46,444M 35,615M 40,250M 36,713M 21,322M
Diluted EPS 41.32 52.07 60.64 42.00 -53.06
Dividends Per Share 17 17 22 20 12
Total Assets 406,462M 395,887M 409,909M 413,911M 369,575M
Total liabilities 168,993M 146,668M 146,193M 146,361M 138,779M
Total equity 227,701M 239,420M 253,912M 257,449M 221,725M
Operating cash flow 29,980M 32,781M 32,539M 19,897M 17,347M
 Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Revenue 2,900.18M 2,886.38M 2,887.66M 2,900.51M 2,561.77M
Gross Profit 1,085.22M 1,075.83M 1,084.28M 1,069.07M 875.89M
Operating income 253.23M 198.21M 224.85M 202.10M 54.47M
Income before tax 187.78M 207.47M 247.59M 173.59M -138.75M
Net income 109.93M 153.05M 174.16M 120.56M -153.30M
EBITDA 386.76M 328.89M 363.16M 331.06M 196.10M
Diluted EPS 0.34 0.48 0.54 0.37 -0.48
Dividends Per Share 0.14 0.15 0.19 0.18 0.11
Total Assets 3,616.37M 3,552.78M 3,854.33M 3,739.54M 3,423.41M
Total liabilities 1,503.56M 1,316.23M 1,374.64M 1,322.32M 1,285.52M
Total equity 2,025.89M 2,148.61M 2,387.51M 2,325.96M 2,053.86M
Operating cash flow 249.65M 302.72M 293.58M 179.42M 159.54M

Valuation Measures

Mar 2020
PER--
ROA-4.25%
ROE-6.95%
Operating margin2.12%
Profit margin-5.98%

Key executives

  • President & Representative Director: Toshihiko Sato
  • Director, Head-Information Systems & Accounting: Toshiyuki Furukawa
  • Director, Manager-Research & Development Center: Yoshitaka Ohji
  • Managing Director & Senior General Manager-Sales: Norio Takeuchi
  • Director, Head-Personnel & CSR Office: Yoshiaki Miyamoto

Shareholders

  • Nomura Asset Management Co., Ltd. (6.9%)
  • Sompo Asset Management Co., Ltd. (6.7%)
  • Schroder Investment Management Ltd. (5.8%)
  • Nippon Life Insurance Co. (3.8%)
  • Nichia Corp. (3.1%)
  • Nikko Asset Management Co., Ltd. (2.8%)
  • Mitsubishi UFJ Financial Group, Inc. (2.8%)
  • Dimensional Fund Advisors LP (2.6%)
  • Daiwa Asset Management Co. Ltd. (2.5%)
  • BlackRock Fund Advisors (2.4%)

Contact Details

Related Companies

  • Citizen Finedevice Philippines Corp.
  • Frederique Constant Holding SA
  • Civis Manufacturing Ltd.
  • Citizen Watch Manufacturing Co., Ltd.
  • Citizen Watch Board Incentive Plan
  • BWI de Mexico S de RL de CV
  • Citizen Latinamerica Corp.
  • Citizen Watch (China) Co., Ltd.
  • Sunciti Manufacturers Ltd.
  • Sunciti Trading Dongguan Ltd.
  • Jiang Xing Electronics Ltd.
  • Astar Precision Co. Ltd.
  • Guangzhou Most Crown Electronics Ltd.
  • Sunciti PVD (Jiangmen) Ltd.
  • Bulova Trading (Shanghai) Co. Ltd.
  • Citizen Tokuhan (HK) Co. Ltd.
  • Citizen Micro Devices (Suzhou) Co. Ltd.
  • Citizen (Shanghai) Trading Co. Ltd.
  • Master Crown Electronics (Wuzhou) Ltd.
  • Cincom Miyano Hong Kong Co. Ltd.
  • Citizen Systems (HK) Ltd.
  • Citizen Systems (Dongguan) Co. Ltd.
  • Citizen Systems (Jiangmen) Co. Ltd.
  • Citizen Watch Manufacturing (Thailand) Co., Ltd.
  • Citizen Watches Australia Pty Ltd.
  • Citizen Watches (H.K.) Ltd.
  • Citizen Watch Espana SA
  • Citizen Watch Goodrington (China) Ltd.
  • Citizen Machinery Vietnam Co., Ltd.
  • Citizen Electronics (China) Co., Ltd.

Competitors

  • Bixolon Co., Ltd.
  • Edison Opto Corporation
  • Fossil Group, Inc.
  • TransAct Technologies Incorporated
  • Movado Group, Inc.
  • Himax Technologies, Inc. Sponsored ADR
  • Ways Electron Co. Ltd. Class A
Last Updated on 21 Jan, 2021

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