With earnings announcements largely complete, 16 companies with Q1 progress rates exceeding half of their full-year plans were identified. The criteria were a market capitalization of at least ¥10 billion and a forecast P/E ratio of no more than 20x, using the screening function on Kaisha Shikiho Online.
With most Q1 results from companies with fiscal years ending in March now announced, tracking progress rates has become important in addition to reviewing earnings reports. The simple benchmark for Q1 progress is 25%, but actual performance varies depending on seasonality and one-off gains and losses.
Using the screening function on Kaisha Shikiho Online, companies whose Q1 operating profit reached at least 50% of their full-year forecasts were identified. Companies with a market capitalization of at least ¥10 billion and a forecast P/E ratio of no more than 20x based on their operating profit forecasts for the current fiscal year were also included, resulting in 16 companies meeting the criteria.
The 16 companies were ranked by progress rate, and their Q1 operating profit as a percentage of full-year operating profit in the previous 2 fiscal years was also compared to determine whether this year's progress was in line with the usual pattern or reflected a faster start. The article also points out discrepancies in the figures, and continued attention will be required regarding developments going forward.
This article organizes the characteristics of progress in the current fiscal year, focusing on comparisons of progress rates and the criteria used to screen the stocks. Additional information and verification using different criteria are expected to follow.)
facts:[{
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Q1 progress
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The Q1 progress rate is said to be 25%. On the surface, this provides a basis for judging whether overall progress is in line with or ahead of the usual pace.】},{
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Number of companies meeting the criteria
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Among companies with fiscal years ending in March, 16 had Q1 operating profit equal to at least 50% of their full-year forecasts.】},{
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Criteria
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The companies were screened using the additional criteria of a market capitalization of at least ¥10 billion and a forecast P/E ratio of no more than 20x.】},{
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Source
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The companies were screened using the screening function on Kaisha Shikiho Online.】]}