Latest news with #TomoeCorporation
Yahoo
26-05-2025
- Business
- Yahoo
Hibiki Path Advisors Submits Shareholder Proposals for Tomoe Corporation's 93rd Annual General Meeting Scheduled for 27th June 2025
TOKYO, May 26, 2025--(BUSINESS WIRE)--Hibiki Path Aoba Fund (hereinafter referred to as "HPAF"), which has a discretionary investment contract with Hibiki Path Advisors (hereinafter referred to as "we", "our" or "Hibiki"), have submitted two shareholder proposals to be voted on at Tomoe Corporation (hereinafter referred to as "Tomoe")'s upcoming 93rd Annual General Meeting of Shareholders scheduled for 27th June 2025. The proposals are as follows: Granting restricted stock compensation—up to 300 million yen per year (maximum of 251,000 shares)—to Directors (excluding Directors who are Audit & Supervisory Committee members and Outside Directors) Adopting a shareholder return policy that ensures a dividend on equity (DOE) of 10% or more and a progressive dividend policy Tomoe is a highly respected construction company specializing in complex three-dimensional structures. Developed in 1932, the company's signature "Diamond Truss" technology enables the creation of large, open architectural spaces without interior pillars and continue to be well-recognized across the industry for its superior engineering capabilities. While the Company has an excellent business model, it faces the following issues: Compensation structure for Directors: The combined shareholding of the Company's four Directors (excluding Audit & Supervisory Committee members and Outside Directors) amounts to approximately 200 million yen in market value, only 0.4% of the Company's market capitalization, which is extremely low. Furthermore, their compensation consists solely of fixed amount remuneration. Financials: The Company holds approximately 35.4 billion yen in investment securities (primarily cross-shareholdings), accounting for around 30% of total assets and 50% of net assets. While "Mid-Term Management Plan (Japanese Only)" dated May 15, 2023, sets an ROE target of 10%, the ROE for FY3/25 based on NOPAT, which includes only profits derived purely from business operations, is just 3.8%. * Stock price is based on the closing price of 1,324 yen on 19th May 2025. The number of shares held by directors is based on FY3/24 Annual Securities Report. The numbers for the investment securities and ROE are based on the FY3/25 Q4 Earnings Report. NOPAT is computed based on tax rate of 30%. Above mentioned issues led (i) The Company's management team lacks a structure that would enable it to stand on the same footing as shareholders and focus on enhancing corporate value, As a result, (ii) the company's capital policy has not been properly addressed, and the P/B ratio has remained below 1x for many years and currently only 0.8x. In addition, the company owns real estate unrelated to its core business (with an unrealized pre-tax profit of approximately 40 billion yen), and the P/B ratio after adjustment for unrealized gains is 0.5x, which is extremely undervalued. * Stock price is based on the closing price of 1,324 yen on 19th May 2025. Unrealized pre-tax profit on real estate is based on FY3/24 Annual Securities Report. In "Measures to achieve management focused on cost of capital and stock price (Japanese Only)" dated 14th November 2024, Tomoe acknowledged that its net assets have been growing faster than its share price and recognized the need to address its overcapitalized balance sheet. However, despite the Company's recognition, no concrete actions have been taken. In consideration of this situation and to secure the common interests of all shareholders, we have decided to submit these proposals. Please find the full shareholder proposal document at the following link:[Shareholder Proposal] We respectfully ask our fellow shareholders to support our proposal from the perspective of enhancing and maximizing the common interests of all shareholders, and to exercise your voting rights proactively. 26th May 2025 Note: This post does not constitute a solicitation for an offer to acquire or recommend the purchase or sale of specific securities, or advice on investment, legal, tax, accounting, or any other matters. In the event of any discrepancy or conflict between the English and Japanese versions, unless otherwise noted, the meaning of the Japanese language version shall prevail unless otherwise expressly indicated. View source version on Contacts Yuya ShimizuRepresentative Director and Chief Investment OfficerHibiki Path info@
Yahoo
26-05-2025
- Business
- Yahoo
Hibiki Path Advisors Submits Shareholder Proposals for Tomoe Corporation's 93rd Annual General Meeting Scheduled for 27th June 2025
TOKYO, May 26, 2025--(BUSINESS WIRE)--Hibiki Path Aoba Fund (hereinafter referred to as "HPAF"), which has a discretionary investment contract with Hibiki Path Advisors (hereinafter referred to as "we", "our" or "Hibiki"), have submitted two shareholder proposals to be voted on at Tomoe Corporation (hereinafter referred to as "Tomoe")'s upcoming 93rd Annual General Meeting of Shareholders scheduled for 27th June 2025. The proposals are as follows: Granting restricted stock compensation—up to 300 million yen per year (maximum of 251,000 shares)—to Directors (excluding Directors who are Audit & Supervisory Committee members and Outside Directors) Adopting a shareholder return policy that ensures a dividend on equity (DOE) of 10% or more and a progressive dividend policy Tomoe is a highly respected construction company specializing in complex three-dimensional structures. Developed in 1932, the company's signature "Diamond Truss" technology enables the creation of large, open architectural spaces without interior pillars and continue to be well-recognized across the industry for its superior engineering capabilities. While the Company has an excellent business model, it faces the following issues: Compensation structure for Directors: The combined shareholding of the Company's four Directors (excluding Audit & Supervisory Committee members and Outside Directors) amounts to approximately 200 million yen in market value, only 0.4% of the Company's market capitalization, which is extremely low. Furthermore, their compensation consists solely of fixed amount remuneration. Financials: The Company holds approximately 35.4 billion yen in investment securities (primarily cross-shareholdings), accounting for around 30% of total assets and 50% of net assets. While "Mid-Term Management Plan (Japanese Only)" dated May 15, 2023, sets an ROE target of 10%, the ROE for FY3/25 based on NOPAT, which includes only profits derived purely from business operations, is just 3.8%. * Stock price is based on the closing price of 1,324 yen on 19th May 2025. The number of shares held by directors is based on FY3/24 Annual Securities Report. The numbers for the investment securities and ROE are based on the FY3/25 Q4 Earnings Report. NOPAT is computed based on tax rate of 30%. Above mentioned issues led (i) The Company's management team lacks a structure that would enable it to stand on the same footing as shareholders and focus on enhancing corporate value, As a result, (ii) the company's capital policy has not been properly addressed, and the P/B ratio has remained below 1x for many years and currently only 0.8x. In addition, the company owns real estate unrelated to its core business (with an unrealized pre-tax profit of approximately 40 billion yen), and the P/B ratio after adjustment for unrealized gains is 0.5x, which is extremely undervalued. * Stock price is based on the closing price of 1,324 yen on 19th May 2025. Unrealized pre-tax profit on real estate is based on FY3/24 Annual Securities Report. In "Measures to achieve management focused on cost of capital and stock price (Japanese Only)" dated 14th November 2024, Tomoe acknowledged that its net assets have been growing faster than its share price and recognized the need to address its overcapitalized balance sheet. However, despite the Company's recognition, no concrete actions have been taken. In consideration of this situation and to secure the common interests of all shareholders, we have decided to submit these proposals. Please find the full shareholder proposal document at the following link:[Shareholder Proposal] We respectfully ask our fellow shareholders to support our proposal from the perspective of enhancing and maximizing the common interests of all shareholders, and to exercise your voting rights proactively. 26th May 2025 Note: This post does not constitute a solicitation for an offer to acquire or recommend the purchase or sale of specific securities, or advice on investment, legal, tax, accounting, or any other matters. In the event of any discrepancy or conflict between the English and Japanese versions, unless otherwise noted, the meaning of the Japanese language version shall prevail unless otherwise expressly indicated. View source version on Contacts Yuya ShimizuRepresentative Director and Chief Investment OfficerHibiki Path info@ Sign in to access your portfolio
Business Wire
26-05-2025
- Business
- Business Wire
Hibiki Path Advisors Submits Shareholder Proposals for Tomoe Corporation's 93
TOKYO--(BUSINESS WIRE)--Hibiki Path Aoba Fund (hereinafter referred to as 'HPAF'), which has a discretionary investment contract with Hibiki Path Advisors (hereinafter referred to as 'we', 'our' or 'Hibiki'), have submitted two shareholder proposals to be voted on at Tomoe Corporation (hereinafter referred to as 'Tomoe')'s upcoming 93 rd Annual General Meeting of Shareholders scheduled for 27 th June 2025. The proposals are as follows: Hibiki Path Advisors Submits Shareholder Proposals for Tomoe Corporation's 93rd Annual General Meeting Scheduled for 27th June 2025 Share Granting restricted stock compensation—up to 300 million yen per year (maximum of 251,000 shares)—to Directors (excluding Directors who are Audit & Supervisory Committee members and Outside Directors) Adopting a shareholder return policy that ensures a dividend on equity (DOE) of 10% or more and a progressive dividend policy Tomoe is a highly respected construction company specializing in complex three-dimensional structures. Developed in 1932, the company's signature 'Diamond Truss' technology enables the creation of large, open architectural spaces without interior pillars and continue to be well-recognized across the industry for its superior engineering capabilities. While the Company has an excellent business model, it faces the following issues: Compensation structure for Directors: The combined shareholding of the Company's four Directors (excluding Audit & Supervisory Committee members and Outside Directors) amounts to approximately 200 million yen in market value, only 0.4% of the Company's market capitalization, which is extremely low. Furthermore, their compensation consists solely of fixed amount remuneration. Financials: The Company holds approximately 35.4 billion yen in investment securities (primarily cross-shareholdings), accounting for around 30% of total assets and 50% of net assets. While ' Mid-Term Management Plan (Japanese Only) ' dated May 15, 2023, sets an ROE target of 10%, the ROE for FY3/25 based on NOPAT, which includes only profits derived purely from business operations, is just 3.8%. * Stock price is based on the closing price of 1,324 yen on 19 th May 2025. The number of shares held by directors is based on FY3/24 Annual Securities Report. The numbers for the investment securities and ROE are based on the FY3/25 Q4 Earnings Report. NOPAT is computed based on tax rate of 30%. Above mentioned issues led (i) The Company's management team lacks a structure that would enable it to stand on the same footing as shareholders and focus on enhancing corporate value, As a result, (ii) the company's capital policy has not been properly addressed, and the P/B ratio has remained below 1x for many years and currently only 0.8x. In addition, the company owns real estate unrelated to its core business (with an unrealized pre-tax profit of approximately 40 billion yen), and the P/B ratio after adjustment for unrealized gains is 0.5x, which is extremely undervalued. * Stock price is based on the closing price of 1,324 yen on 19th May 2025. Unrealized pre-tax profit on real estate is based on FY3/24 Annual Securities Report. In ' Measures to achieve management focused on cost of capital and stock price (Japanese Only) ' dated 14 th November 2024, Tomoe acknowledged that its net assets have been growing faster than its share price and recognized the need to address its overcapitalized balance sheet. However, despite the Company's recognition, no concrete actions have been taken. In consideration of this situation and to secure the common interests of all shareholders, we have decided to submit these proposals. Please find the full shareholder proposal document at the following link: [ Shareholder Proposal ] We respectfully ask our fellow shareholders to support our proposal from the perspective of enhancing and maximizing the common interests of all shareholders, and to exercise your voting rights proactively. 26 th May 2025 Note: This post does not constitute a solicitation for an offer to acquire or recommend the purchase or sale of specific securities, or advice on investment, legal, tax, accounting, or any other matters. In the event of any discrepancy or conflict between the English and Japanese versions, unless otherwise noted, the meaning of the Japanese language version shall prevail unless otherwise expressly indicated.
Yahoo
31-01-2025
- Business
- Yahoo
Discovering January 2025's Undiscovered Gems with Promising Potential
As global markets continue to react positively to the Trump administration's initial policy moves, including a softer stance on tariffs and significant investments in artificial intelligence infrastructure, major indices like the S&P 500 have reached record highs. While large-cap stocks have generally outperformed their smaller-cap counterparts, small-cap companies remain an intriguing area for investors seeking growth potential amidst these evolving economic conditions. In this environment, identifying promising small-cap stocks involves looking for companies with strong fundamentals and unique market positions that can capitalize on current trends and opportunities. Name Debt To Equity Revenue Growth Earnings Growth Health Rating Sun 14.28% 5.73% 64.26% ★★★★★★ Changjiu Holdings NA 11.84% 2.46% ★★★★★★ Wilson Bank Holding NA 7.87% 8.22% ★★★★★★ Ovostar Union 0.01% 10.19% 49.85% ★★★★★★ Cardig Aero Services NA 6.60% 69.79% ★★★★★★ Etihad Atheeb Telecommunication NA 30.82% 63.88% ★★★★★★ Sure Global Tech NA 10.25% 20.35% ★★★★★★ Yulie Sekuritas Indonesia NA 18.62% 9.58% ★★★★★★ S.A.S. Dragon Holdings 60.96% 4.62% 10.02% ★★★★★☆ Berger Paints Bangladesh 3.72% 10.32% 7.30% ★★★★★☆ Click here to see the full list of 4687 stocks from our Undiscovered Gems With Strong Fundamentals screener. Let's review some notable picks from our screened stocks. Simply Wall St Value Rating: ★★★★★☆ Overview: Shenzhen Guangju Energy Co., Ltd. operates in the storage, transportation, and distribution of liquefied petroleum gas both in China and internationally, with a market cap of CN¥6.18 billion. Operations: Shenzhen Guangju Energy generates revenue primarily from the storage, transportation, and distribution of liquefied petroleum gas. The company's financial performance is highlighted by a notable net profit margin trend. Guangju Energy is making waves with a remarkable 74.6% earnings growth over the past year, outpacing the Oil and Gas industry's -16.6%. Despite a challenging five-year period with an average annual earnings drop of 15.5%, this company has shown resilience and potential for recovery. It boasts high-quality earnings, which suggests operational efficiency and strong fundamentals. The firm seems financially sound, as it holds more cash than its total debt, ensuring interest payments are well-covered. With free cash flow remaining positive, Guangju Energy appears poised to capitalize on future opportunities within its sector. Unlock comprehensive insights into our analysis of Shenzhen Guangju Energy stock in this health report. Assess Shenzhen Guangju Energy's past performance with our detailed historical performance reports. Simply Wall St Value Rating: ★★★★★☆ Overview: Tomoe Corporation is a Japanese company engaged in general construction, steel structures construction, and real estate businesses, with a market cap of approximately ¥43.45 billion. Operations: Tomoe Corporation's revenue is primarily derived from its real estate business, contributing ¥31.56 billion, followed by the steel structure construction business at ¥1.99 billion. Tomoe, a smaller player in the construction industry, has shown impressive earnings growth of 331.5% over the past year, outpacing the industry's 20.7% increase. Despite its volatile share price recently, it trades at 66% below estimated fair value, suggesting potential upside for investors. The company's net debt to equity ratio stands at a satisfactory 2%, indicating prudent financial management. However, a significant one-off gain of ¥12 billion impacted recent results, which might not reflect ongoing operations' performance accurately. Looking ahead, Tomoe's ability to maintain profitability and manage debt effectively will be crucial for sustaining growth momentum. Take a closer look at Tomoe's potential here in our health report. Explore historical data to track Tomoe's performance over time in our Past section. Simply Wall St Value Rating: ★★★★☆☆ Overview: The Miyazaki Bank, Ltd., along with its subsidiaries, provides a range of banking products and services mainly in Japan, with a market cap of ¥54.78 billion. Operations: Miyazaki Bank generates revenue primarily from its banking segment, amounting to ¥53.18 billion, and a smaller portion from its leasing business at ¥5.56 billion. Miyazaki Bank, a smaller player in the banking sector, boasts total assets of ¥4,119.1 billion and equity of ¥188.5 billion. With deposits reaching ¥3,174.6 billion and loans at ¥2,340.9 billion, it operates with a net interest margin of 1.1%. Despite trading at 56% below its estimated fair value, Miyazaki faces challenges with a low allowance for bad loans at 47%, though its non-performing loan ratio stands appropriately low at 1.3%. The bank's earnings growth over the past year was modest at 1.7%, trailing behind the industry average of 23.5%. Click here to discover the nuances of Miyazaki Bank with our detailed analytical health report. Learn about Miyazaki Bank's historical performance. Discover the full array of 4687 Undiscovered Gems With Strong Fundamentals right here. Are any of these part of your asset mix? Tap into the analytical power of Simply Wall St's portfolio to get a 360-degree view on how they're shaping up. Take control of your financial future using Simply Wall St, offering free, in-depth knowledge of international markets to every investor. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include SZSE:000096 TSE:1921 and TSE:8393. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
