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Consumer Durables

Rhythm Watch Co., Ltd.

Business Summary

Rhythm Watch Co., Ltd. engages in the manufacture and sale of clocks, watches, jewelry, and electronic parts. Its operations are carried out through the following segments: Watch, Electronics, Precision, Connection Terminal, and Others. The Watch segment handles the manufacture and sale of clocks, watches, and jewelry. The Electronics segment provides electronic devices, information-related components, and audio-visual equipment. The Precision segment offers precision parts used in industrial machinery, optical equipment, office and communications equipment, automobiles, and watches. The Connection Terminal segment includes tab terminals, taping terminals, terminal blocks, and connection terminals. The Others segment deals with logistics business. The company was founded on November 7, 1950 and is headquartered in Saitama, Japan.

Financial Highlights

Mar 2019 JPYUSD
Revenue31,016M279.68M
Gross Profit7,102M64.04M
Operating income762M6.87M
Income before tax191M1.72M
Net income-264M-2.38M
EBITDA2,271M20.47M
Diluted EPS-31.95-0.28
Dividends Per Share300.27
Total Assets39,812M359.68M
Total liabilities11,803M106.63M
Total equity28,007M253.03M
Operating cash flow2,413M21.75M
Currency in JPYCurrency in USD

Historical Data

 Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Revenue 37,392M 33,338M 33,332M 31,516M 31,016M
Gross Profit 8,289M 7,444M 8,024M 7,617M 7,102M
Operating income 897M 553M 851M 844M 762M
Income before tax 1,622M 1,574M 533M 996M 191M
Net income 1,061M 1,053M 1M 180M -264M
EBITDA 2,613M 2,203M 2,478M 2,414M 2,271M
Diluted EPS 92.10 104.09 0.10 20.17 -31.95
Dividends Per Share 30 30 30 30 30
Total Assets 47,222M 45,195M 44,521M 40,619M 39,812M
Total liabilities 10,710M 13,077M 13,254M 12,193M 11,803M
Total equity 36,512M 32,118M 31,263M 28,423M 28,007M
Operating cash flow 1,834M 1,321M 2,420M 2,492M 2,413M
 Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Revenue 340.37M 277.62M 307.81M 284.35M 279.68M
Gross Profit 75.45M 61.98M 74.09M 68.72M 64.04M
Operating income 8.16M 4.60M 7.85M 7.61M 6.87M
Income before tax 14.76M 13.10M 4.92M 8.98M 1.72M
Net income 9.65M 8.76M 0.00M 1.62M -2.38M
EBITDA 23.78M 18.34M 22.88M 21.78M 20.47M
Diluted EPS 0.83 0.86 0.00 0.18 -0.28
Dividends Per Share 0.27 0.24 0.27 0.27 0.27
Total Assets 393.76M 402.10M 399.54M 381.93M 359.68M
Total liabilities 89.30M 116.34M 118.94M 114.64M 106.63M
Total equity 304.45M 285.76M 280.56M 267.25M 253.03M
Operating cash flow 16.69M 11.00M 22.34M 22.48M 21.75M

Valuation Measures

Mar 2019
PER--
ROA-0.65%
ROE-0.93%
Operating margin2.45%
Profit margin-0.85%

Key executives

  • President & Representative Director: Koji Higuchi
  • Director & General Manager-Administration: Shinichiro Okuda
  • Director & Managing Executive Officer: Hiromi Hirata

Shareholders

  • Citizen Watch Co., Ltd. (7.1%)
  • Nippon Life Insurance Co. (5.6%)
  • Resona Holdings, Inc. (4.2%)
  • Japan Agricultural Cooperatives Group (4.1%)
  • Dimensional Fund Advisors LP (4.1%)
  • Sumitomo Mitsui Financial Group, Inc. (4.0%)
  • Sumitomo Mitsui Trust Holdings, Inc. (3.5%)
  • Norges Bank Investment Management (2.5%)
  • The Musashino Bank, Ltd. (2.5%)
  • SATO KAZUKO /TOKYO/ (2.3%)

Contact Details

  • Website:http://www.rhythm.co.jp
  • Address: 1-299-12 Kitabukuro-cho, Omiya-Ku, Saitama, 330-9551, Japan
  • Phone: +81.48.643.7211

Related Companies

  • Rhythm Kyoshin Hanoi Co., Ltd.
  • Kyoshin Industry Asia Pte Ltd.
  • Kyoshin Vietnam Co., Ltd.
  • Rhythm Kaihatsu Co., Ltd.
  • Rhythm Service Co., Ltd.
  • Rhythm Industrial (H.K.) Ltd.
  • Rhythm U.S.A., Inc.
  • PT Umeda Kogyo Indonesia
  • Rhythm Precision Vietnam Co. Ltd.
  • Rhywaco (HK) Co. Ltd.
  • Rhythm Group Employee Stock Ownership Plan
  • Tohoku Rhythm KK
  • Rhythm Kyoshin Co., Ltd.

Competitors

    Last Updated on 18 Feb, 2020

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