2961.T
Price:
$4505
Market Cap:
$5.01B
Nitcho Corporation manufactures and supplies commercial kitchen equipment in Japan. The company produces and sells food processing machinery and appliances; and general machinery and equipment, as well as imports and exports related machinery and appliances. It is also involved in the construction and installation of machinery and equipment. In addition, the company engages in design, construction, and supervision of construction engineering business. Further, it offers cleaning, disinfection, cooking, and heating equipment, as well as provides detergents. The company serves food and beverage, cafeterias, medical and welfare facilities. Nitcho Corporation was incorporated in 1947 and is head...[Read more]
Industry
Industrial - Machinery
IPO Date
2021-11-09
Stock Exchange
JPX
Ticker
2961.T
According to Nitcho Corporation’s latest financial reports and current stock price. The company's current ROE is 9.22%. This represents a change of 311.08% compared to the average of 2.24% of the last 4 quarters.
The mean historical ROE of Nitcho Corporation over the last ten years is 6.14%. The current 9.22% ROE has changed 50.05% with respect to the historical average. Over the past ten years (40 quarters), 2961.T's ROE was at its highest in in the September 2022 quarter at 10.79%. The ROE was at its lowest in in the June 2022 quarter at -7.19%.
Average
6.14%
Median
5.56%
Minimum
3.25%
Maximum
9.95%
Discovering the peaks and valleys of Nitcho Corporation ROE, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.
Maximum Annual Increase = 95.36%
Maximum Annual ROE = 9.95%
Minimum Annual Increase = -56.53%
Minimum Annual ROE = 3.25%
| Year | ROE | Change |
|---|---|---|
| 2024 | 9.95% | 95.36% |
| 2023 | 5.09% | 56.51% |
| 2022 | 3.25% | -56.53% |
| 2021 | 7.49% | 24.30% |
| 2020 | 6.02% | 19.32% |
The current ROE of Nitcho Corporation (2961.T) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages
3-year avg
6.10%
5-year avg
6.36%
10-year avg
6.14%
Nitcho Corporation’s ROE is less than Kawata Mfg. Co., Ltd. (5.32%), less than Tokyo Automatic Machinery Works, Ltd. (10.01%), less than Ishii Hyoki Co., Ltd. (9.40%), greater than Takamatsu Machinery Co., Ltd. (-3.87%), less than Ogura Clutch Co.,Ltd. (3.76%), less than Nippon Primex Inc. (3.46%), less than OSG Corporation Co., Ltd. (2.08%), less than Tokuden Co., Ltd. (6.63%), less than Nitchitsu Co., Ltd. (2.04%), less than Tokyo Kikai Seisakusho, Ltd. (2.62%),
| Company | ROE | Market cap |
|---|---|---|
| 5.32% | $5.28B | |
| 10.01% | $5.09B | |
| 9.40% | $5.38B | |
| -3.87% | $5.54B | |
| 3.76% | $5.39B | |
| 3.46% | $4.67B | |
| 2.08% | $5.10B | |
| 6.63% | $4.68B | |
| 2.04% | $4.27B | |
| 2.62% | $3.91B |
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