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Commentary (19 Apr 2024 @ 02:15):

Meiji Electric Industries Co.,Ltd. imports, exports, and sells electrical devices, measuring instruments, electrical equipment, and automation and energy-saving function components and equipment...

Stats
Today's Volume	52 000.00
Average Volume	30 795.00
Market Cap	19.92B
EPS	¥40.87 ( 2024-01-31 )
Next earnings date	( ¥0 ) 2024-05-13
Last Dividend	¥32.00 ( 2023-03-30 )
Next Dividend	¥0 ( N/A )
P/E	7.46
ATR14	¥2.74 (0.17%)

Volume Correlation

Long: -0.33 (neutral)

Short: -0.76 (moderate negative)

Signal:(48.43) Neutral

Meiji Electric Industries Correlation

10 Most Positive Correlations

10 Most Negative Correlations

Did You Know?

Correlation is a statistical measure that describes the relationship between two variables. It ranges from -1 to 1, where -1 indicates a perfect negative correlation (as one variable increases, the other decreases), 1 indicates a perfect positive correlation (as one variable increases, the other increases), and 0 indicates no correlation (there is no relationship between the variables).

Correlation can be used to analyze the relationship between any two variables, not just stocks. It's commonly used in fields such as finance, economics, psychology, and more.

Meiji Electric Industries Correlation - Currency/Commodity

-0.24
( neutral )

-0.51
( weak negative )

-0.62
( weak negative )

0.40
( neutral )

-0.32
( neutral )

0.36
( neutral )

Meiji Electric Industries Financials

Annual	2022
Revenue:	¥70.95B
Gross Profit:	¥10.25B (14.45 %)
EPS:	¥173.23

Q3	2023
Revenue:	¥18.41B
Gross Profit:	¥2.77B (15.05 %)
EPS:	¥40.87

Q2	2023
Revenue:	¥18.20B
Gross Profit:	¥2.76B (15.16 %)
EPS:	¥47.39

Q1	2023
Revenue:	¥15.77B
Gross Profit:	¥2.26B (14.34 %)
EPS:	¥28.77

Financial Reports:

No articles found.

Meiji Electric Industries Dividends

(Q3/22)	(Q4/22)	(Q1/23)	(Q2/23)	(Q3/23)	(Q4/23)	(Q1/24)	(Q2/24)	(Q3/24)	(Q4/24)
¥20.00 (N/A)	¥0 (N/A)	¥32.00 (N/A)	¥0 (N/A)	¥0 (N/A)	¥0 (N/A)	¥0 (N/A)	¥0 (N/A)	¥0 (N/A)	¥0 (N/A)

Meiji Electric Industries Dividend Information - Ex Dividend Knight

Dividend Sustainability Score: 9.36 - good (93.63%) | Divividend Growth Potential Score: 3.37 - Decrease likely (32.69%)

Very Unsafe

High risk of being cut

Unsafe

Heightened risk of being cut

Borderline

Moderate risk of being cut

Safe

Unlikely to be cut

Very Safe

Very unlikely to be cut

Information

First Dividend	¥5.00	2006-03-28
Last Dividend	¥32.00	2023-03-30
Next Dividend	¥0	N/A
Payout Date	0000-00-00
Next Payout Date	N/A
# dividends	26	--
Total Paid Out	¥523.00	--
Avg. Dividend % Per Year	0.00%	--
Score	3.17	--
Div. Sustainability Score	9.36
Div.Growth Potential Score	3.37
Div. Directional Score	6.36	--

Next Divdend (Est)
(2024-08-05)

¥0 Estimate 0.00 %

Dividend Stability

0.07 Very Bad

Dividend Score

3.17

Pay Frequency

Semi-Annually

Yearly Payout

Year	Amount	Yield

Dividend Commentary

The company's strong Dividend Sustainability Score (DSS) indicates its robust capacity to uphold current dividend levels. Unfortunately, its low Dividend Growth Potential Score (DGPS) suggests limited prospects for dividend growth. On the whole, the dividend outlook remains neutral, meriting close observation of both the company's financial health and growth prospects.

Top 10 dividend Companies for JPX

Symbol	Title	Last dividend	Frequency	Yearly Dividend
6877.T	Ex Dividend Knight	2023-09-28	Semi-Annually	0.00%
6247.T	Ex Dividend Knight	2023-09-28	Semi-Annually	0.00%
4968.T	Ex Dividend Junior	2023-09-28	Semi-Annually	0.00%
4174.T	Ex Dividend Knight	2024-01-30	Semi-Annually	0.00%
3361.T	Ex Dividend Junior	2024-04-26	Annually	0.00%
2438.T	Ex Dividend Junior	2024-04-26	Annually	0.00%
9369.T	Ex Dividend Junior	2023-11-29	Semi-Annually	0.00%
8059.T	Ex Dividend Knight	2023-09-28	Semi-Annually	0.00%
7322.T	Ex Dividend Junior	2023-09-28	Semi-Annually	0.00%
6569.T	Ex Dividend Junior	2024-03-28	Annually	0.00%

Dividend Sustainability Score (DSS)

Ratio	Actual Value	Weight	Normalized Value	Score	Range
netProfitMarginTTM	0.0352	1.500	9.30	10.00	[0 - 0.5]
returnOnAssetsTTM	0.0548	1.200	8.17	9.81	[0 - 0.3]
returnOnEquityTTM	0.0886	1.500	-0.126	-0.189	[0.1 - 1]
payoutRatioTTM	0	-1.000	0	0	[0 - 1]
currentRatioTTM	2.37	0.800	3.13	2.51	[1 - 3]
quickRatioTTM	1.865	0.800	3.73	2.99	[0.8 - 2.5]
cashRatioTTM	0.378	1.500	9.01	10.00	[0.2 - 2]
debtRatioTTM	0.0261	-1.500	9.56	-10.00	[0 - 0.6]
interestCoverageTTM	220.48	1.000	10.00	10.00	[3 - 30]
operatingCashFlowPerShareTTM	35.67	2.00	10.00	10.00	[0 - 30]
freeCashFlowPerShareTTM	35.67	2.00	10.00	10.00	[0 - 20]
debtEquityRatioTTM	0.0410	-1.500	9.84	-10.00	[0 - 2.5]
grossProfitMarginTTM	0.149	1.000	-0.845	-0.845	[0.2 - 0.8]
operatingProfitMarginTTM	0.0442	1.000	-1.116	-1.116	[0.1 - 0.6]
cashFlowToDebtRatioTTM	0.357	1.000	9.13	9.13	[0.2 - 2]
assetTurnoverTTM	1.558	0.800	2.95	2.36	[0.5 - 2]
Total Score				9.36

Dividend Growth Score (DGS)

Ratio	Actual Value	Weight	Normalized Value	Score	Range
peRatioTTM	7.91	1.000	9.30	0	[1 - 100]
returnOnEquityTTM	0.0886	2.50	-0.0811	-0.189	[0.1 - 1.5]
freeCashFlowPerShareTTM	35.67	2.00	10.00	10.00	[0 - 30]
dividendYielPercentageTTM	3.19	1.500	10.00	0	[0 - 0.4]
operatingCashFlowPerShareTTM	35.67	2.00	10.00	10.00	[0 - 30]
payoutRatioTTM	0	1.500	0	0	[0 - 1]
pegRatioTTM	0.191	1.500	-2.06	0	[0.5 - 2]
operatingCashFlowSalesRatioTTM	0.00598	1.000	-2.35	0	[0.1 - 0.5]
Total Score				3.37

Meiji Electric Industries

Meiji Electric Industries Co.,Ltd. imports, exports, and sells electrical devices, measuring instruments, electrical equipment, and automation and energy-saving function components and equipment. It also designs, develops, and manufactures inspection, mechatronic, FA, and information and distribution systems, as well as electronic products. In addition, the company offers measurement, control, and information processing consulting services; and maintenance services for industrial instrumentation and electrical measurement devices. Meiji Electric Industries Co.,Ltd. was incorporated in 1920 and is headquartered in Nagoya, Japan.