Double-Digit Growth Continues; OP Growth of More than 4.9% Likely for FY03/19

Taking a Closer Look at Tsubakimoto Chain's MTP 2021

Tsubakimoto Chain: Quality Small Cap Dominates Timing Chain Market

Tsubakimoto Chain: 2Q Underwhelming but Capacity Expansions Should Drive Significant Growth Next FY

Tsubakimoto Chain Results Strong, Guides for 5% OP Decline but Double-Digit Growth More Likely

Equity Analyst, LightStream Research

Aqila Ali

Equity Analyst

Long-Short Analysis on Japan, Asia and the World

LightStream Research

LightStream conducts quantitatively rigorous and data-driven analysis with a focus on Japan and Asia.

We consistently cover the Tech, Consumer and Industrial sectors, and provide ECM and Events coverage more broadly.

We supplement traditional qualitative insights from company relationships with a robust quantitative foundation that examines as much historical data as is available.
We further refine the accuracy of our insights and calls through the use of alternative data to flesh out current trends, and through a valuation framework that emphasises non-superficial peer group selection and a proper attempt to understand the metrics and changes that have driven security valuations in the past.

Equity Bottom-Up

<p><a href="https://www.smartkarma.com/entities/3794" target="_blank" data-smartkarma-citation="entities:3794:1">Tsubakimoto Chain Co (6371 JP)</a> posted its 1QFY03/19 results that saw revenue outpace consensus estimates by 4.2%, and our estimates by 3.6%. On profitability, the company witnessed 25.6% YoY growth outpacing consensus estimates by 8.3% while falling slightly below our estimates by 1.3%. The company which has been quite conservative in their guidance has managed to release strong results for the 1Q revising their guidance upwards. Revenue continues to trend upwards in a healthy fashion, while…</p>

Tsubakimoto Chain Co (6371 JP) posted its 1QFY03/19 results that saw revenue outpace consensus estimates by 4.2%, and our estimates by 3.6%. On profitability, the company witnessed 25.6% YoY growth outpacing consensus estimates by 8.3% while falling slightly below our estimates by 1.3%. The company which has been quite conservative in their guidance has managed to release strong results for the 1Q revising their guidance upwards. Revenue continues to trend upwards in a healthy fashion, while…

Strong 1Q Results Surpassing Market Expectations; An Upward Revision in FY03/19 Guidance