Our final results review covers the top and bottom Small-Cap companies by Results Score and three-month change in Results Score.
The Japan Analytics Results Score is a measure of earnings results and earnings momentum which covers the last eight quarters for revenue and operating income.
The score has a maximum of 30 and minimum of -30.
As most of these companies are too small for all but individual investors, the commentary will only mention those companies that have decent upside in the Japan Analytics valuation model.
TOP 20 SMALL CAP COMPANIES RANKED BY RESULTS SCORE 11/17
Saita, Kimura Chemcial Plants and Honshu Chemicals have decent upside.
BOTTOM 20 SMALL CAP COMPANIES RANKED BY RESULTS SCORE 11/17
13 loss-making companies. Only Musashi and Kyoto Kimono have upside but are in the ‘speculative’ category.
TOP 20 SMALL CAP COMPANIES RANKED BY THREE MONTH CHANGE IN RESULTS SCORE 11/17
Only STrust has upside.
BOTTOM 20 SMALL CAP COMPANIES RANKED BY THREE MONTH CHANGE IN RESULTS SCORE 11/17
9 loss-makers – 1728 and 5953 have upside to book value.
If you have read this far, thank you for your patience as we roll out these reviews which will be updated quarterly post results announcements.
The Japan Analytics team.