HP Enterprise shows breakups can fail to shine – Breakingviews

HP Enterprise shows breakups can fail to shine – Breakingviews

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Activists often prod companies to hive off promising businesses from boring cash cows. HP’s split shows the distinction isn’t always clear. The “exciting” servers and networking offshoot is returning more capital as expansion stalls while growth stirs at the PC and printer outfit.

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TDK Corporation (TSE:6762) Shareholder Return in Focus – Trion Journal

Looking at some ROIC (Return on Invested Capital) numbers, TDK Corporation (TSE:6762)’s ROIC Quality Score is 7.864268. ROIC is a profitability ratio that measures the return that an investment generates for those providing capital. ROIC helps show how efficient a firm is at turning capital into profits.  This formula is calculated by 5 year average Return on Invested Capital (ROIC) / Standard Deviation of the 5 year ROIC.  The higher the ratio, the better as a higher score indicates a more stable return on invested capital.

TDK Corporation (TSE:6762) has a Price to Book ratio of 1.201932. This ratio is calculated by dividing the current share price by the book value per share. Investors may use Price to Book to display how the market portrays the value of a stock. Checking in on some other ratios, the company has a Price to Cash Flow ratio of 7.308515, and a current Price to Earnings ratio of 6.703547. The P/E ratio is one of the most common ratios used for figuring out whether a company is overvalued or undervalued.

Checking in on some valuation rankings, TDK Corporation (TSE:6762) has a Value Composite score of 6. Developed by James O’Shaughnessy, the VC score uses five valuation ratios. These ratios are price to earnings, price to cash flow, EBITDA to EV, price to book value, and price to sales. The VC is displayed as a number between 1 and 100. In general, a company with a score closer to 0 would be seen as undervalued, and a score closer to 100 would indicate an overvalued company. Adding a sixth ratio, shareholder yield, we can view the Value Composite 2 score which is currently sitting at 6.

Watching some historical volatility numbers on shares of TDK Corporation (TSE:6762), we can see that the 12 month volatility is presently 24.323800. The 6 month volatility is 23.091000, and the 3 month is spotted at 22.948600. Following volatility data can help measure how much the stock price has fluctuated over the specified time period. Although past volatility action may help project future stock volatility, it may also be vastly different when taking into account other factors that may be driving price action during the measured time period. 

Price Index
We can now take a quick look at some historical stock price index data. TDK Corporation (TSE:6762) presently has a 10 month price index of 0.94282. The price index is calculated by dividing the current share price by the share price ten months ago. A ratio over one indicates an increase in share price over the period. A ratio lower than one shows that the price has decreased over that time period. Looking at some alternate time periods, the 12 month price index is 1.12809, the 24 month is 1.09154, and the 36 month is 1.46961. Narrowing in a bit closer, the 5 month price index is 1.10172, the 3 month is 1.02807, and the 1 month is currently 1.05198.

Scores
The Gross Margin Score is calculated by looking at the Gross Margin and the overall stability of the company over the course of 8 years. The score is a number between one and one hundred (1 being best and 100 being the worst). The Gross Margin Score of TDK Corporation (TSE:6762) is 17.00000. The more stable the company, the lower the score. If a company is less stable over the course of time, they will have a higher score.

The C-Score is a system developed by James Montier that helps determine whether a company is involved in falsifying their financial statements.  The C-Score is calculated by a variety of items, including a growing difference in net income verse cash flow, increasing days outstanding, growing days sales of inventory, increasing assets to sales, declines in depreciation, and high total asset growth.  The C-Score of TDK Corporation (TSE:6762) is 4.00000.  The score ranges on a scale of -1 to 6.  If the score is -1, then there is not enough information to determine the C-Score.  If the number is at zero (0) then there is no evidence of fraudulent book cooking, whereas a number of 6 indicates a high likelihood of fraudulent activity. The C-Score assists investors in assessing the likelihood of a company cheating in the books.

The Piotroski F-Score is a scoring system between 1-9 that determines a firm’s financial strength.  The score helps determine if a company’s stock is valuable or not.  The Piotroski F-Score of TDK Corporation (TSE:6762) is 4.  A score of nine indicates a high value stock, while a score of one indicates a low value stock.  The score is calculated by the return on assets (ROA), Cash flow return on assets (CFROA), change in return of assets, and quality of earnings.  It is also calculated by a change in gearing or leverage, liquidity, and change in shares in issue.  The score is also determined by change in gross margin and change in asset turnover.

The MF Rank (aka the Magic Formula) is a formula that pinpoints a valuable company trading at a good price.  The formula is calculated by looking at companies that have a high earnings yield as well as a high return on invested capital.  The MF Rank of TDK Corporation (TSE:6762) is 1319.  A company with a low rank is considered a good company to invest in.  The Magic Formula was introduced in a book written by Joel Greenblatt, entitled, “The Little Book that Beats the Market”.

The Shareholder Yield is a way that investors can see how much money shareholders are receiving from a company through a combination of dividends, share repurchases and debt reduction.  The Shareholder Yield of TDK Corporation (TSE:6762) is 0.016314.  This percentage is calculated by adding the dividend yield plus the percentage of shares repurchased.  Dividends are a common way that companies distribute cash to their shareholders.  Similarly, cash repurchases and a reduction of debt can increase the shareholder value, too.  Another way to determine the effectiveness of a company’s distributions is by looking at the Shareholder yield (Mebane Faber).  The Shareholder Yield (Mebane Faber) of TDK Corporation TSE:6762 is -0.14713.  This number is calculated by looking at the sum of the dividend yield plus percentage of sales repurchased and net debt repaid yield.

By Trion Contributor

東芝「救済」で分かった深刻な利益相反 – 日経ビジネスオンライン

銀行の株式保有を禁止せよ

2017年10月20日(金)

10月24日に開催される東芝の臨時株主総会で、金融機関はどのような判断を下すのか。(写真は6月28日に開かれた定時株主総会)

監査法人の「不適正意見」を無視した東証

 上場廃止の危機に直面していた東芝に、東京証券取引所が救いの手を差しのべた。「特設注意市場銘柄(特注銘柄)」と「監理銘柄」に指定していた東芝株を10月12日付けで「指定解除」したのだ。

 長年にわたる粉飾決算、原子力子会社の巨額損失の発覚と経営破綻、有価証券報告書の提出遅延や監査法人からの異例の「限定付き適正」意見など、次から次へと問題が持ち上がった東芝だが、東証は「同社の内部管理体制等については、相応の改善がなされた」と認定した。監査法人は内部統制について「不適正」とする意見を出していたが、東証はそれをあっさり「無視」した格好である。

 東証の後ろには金融庁や霞が関、あるいは政治の「意向」があるのは明らかで、東証はそれを「忖度」して結論を出したのだろう。なにせ、上場廃止かどうかを決める東証の自主規制法人の理事長は元金融庁長官の天下り指定ポストなのだ。

 しかし、なぜ当局者たちは、そこまでして東芝を守ろうとしているのだろうか。東芝の社員を守るためか。東芝が持つ技術の流出を避けたいからか。それとも「東芝」という老舗の看板を残すためなのか。

 いずれも表面上は、東芝救済の理由とされている。だが、本当にそうなのか。

 東芝という看板、つまり「東芝ブランド」はすでに東芝だけのものではなくなっている。東芝は2016年、白物家電の子会社だった「東芝ライフスタイル」の80.1%の株式を中国の家電大手である美的集団(広東省)に売却した。その際の契約で、美的集団は白物家電に「東芝」ブランドを世界中で40年間使えることとした。つまり、TOSHIBAとラベルが付いている洗濯機でも、実は美的の製品ということになる。

記事のレビュー・コメント投稿機能は会員の方のみご利用いただけます

Global Harmonic Filter Market 2017: Emerson Electric(US), Crompton Greaves(India), TDK(Japan), Baron Power(India … – News of Columnist: Research News By Market.Biz

Global Harmonic Filter Market 2017 Research Report presents a professional and deep analysis on the present state of Harmonic Filter Market 2017 in Machines Industry. High Use of Harmonic Filter in Machines Industry Driving the Market Growth of Harmonic Filter. Harmonic Filter Market 2017 by Type (Active Harmonic Filter, Passive Harmonic Filter), Power Rating, Application (Industrial, IT And Data Centers, Automotive, Oil & Gas, Others?), and Region – Global Forecast to 2022.

In the first part, Harmonic Filter Market study deals with the comprehensive overview of the Harmonic Filter market, which consists of definitions, a wide range of applications (Industrial, IT And Data Centers, Automotive, Oil & Gas, Others?), classifications and a complete Harmonic Filter industry chain structure. The global Harmonic Filter market analysis further consists of a competitive landscape of Harmonic Filter market, Harmonic Filter market development history and major development trends presented by Harmonic Filter market.

Request for Sample Report Click Here: https://market.biz/report/global-harmonic-filter-market-2017/33502/#requestforsample

* Leading Manufacturers Analysis in Global Harmonic Filter Market 2017: Emerson Electric(US), Crompton Greaves(India), TDK(Japan), Baron Power(India), DELTA(US), ABB(Switzerland), Energy Insight(China), Schaffner Holding(Switzerland), Shenzhen Hisrec(China), Comsys AB (Sweden), Danfoss(Denmark), Siemens(Germany), HANNOVER(China), Eaton(Ireland), Schneider Electric(France) and MTE Corporation(US)

* Harmonic Filter Market: Type Segment Analysis: Active Harmonic Filter, Passive Harmonic Filter

* Harmonic Filter Market: Applications Segment Analysis: Industrial, IT And Data Centers, Automotive, Oil & Gas, Others?

The global Harmonic Filter market is expected to reach $ XX million by 2022.

As the report progresses further, it explains development plans and policies, manufacturing processes, cost structures of Harmonic Filter market as well as the leading players. It also focuses on the details like company profile, product images, supply chain relationship, import/export details of Harmonic Filter Market, market statistics of Harmonic Filter Market, upcoming development plans, Harmonic Filter Market gains, Contact details, Consumption ratio.

In addition to this, the Harmonic Filter Market report also covers gross margin by regions i. e. (US, EU, China and Japan)- Harmonic Filter market. Other regions can be added efficiently.

Lastly, Harmonic Filter Market report includes an in-depth analysis of sub-segments, market dynamics, feasibility study, key strategies used by leading players, market share study and growth prospects of the industry. The Harmonic Filter Report also evaluates the growth established by the market during the forecast period and research conclusions are offered.

Explore More About Report Here: https://market.biz/report/global-harmonic-filter-market-2017/33502/

Thus, Harmonic Filter Market Report 2017 serves as a valuable material for all industry competitors and individuals having a keen interest in Harmonic Filter Market study.

Key Highlights of the Harmonic Filter Market:

> A Clear understanding of the Harmonic Filter market based on growth, constraints, opportunities, feasibility study.

> Concise Harmonic Filter Market study based on major geographical regions.

> Analysis of improving business sections as well as a comprehensive study of existing Harmonic Filter market segments.

For Any Kind of Query Visit Here: https://market.biz/report/global-harmonic-filter-market-2017/33502/#inquiry

TDK Introduces EPCOS MotorCap Capacitors For Continuous Operation at High Temperatures – Marketwired (press release)

ISELIN, NJ–(Marketwired – Oct 19, 2017) – TDK Corporation today announced the new B32355C* series of EPCOS MotorCap™ motor run capacitors, which are designed for a high continuous operating temperature of 100 °C. They are based on a metalized polypropylene film, feature self-healing properties, and conform to the highest Safety Class S3 as specified in IEC60252-1. These robust capacitors have a rated voltage of 400 V AC at 50/60 Hz. The series consists of six different types with capacitance values ranging from 1.5 µF to 5 µF. The components have been approved by the VDE and their design is IEC 60335-1 compatible (safety of household and similar electrical appliances).

A special design feature of the B32355C* series are the compact dimensions: the capacitors have a diameter of 25 mm and a height of 51 mm to 75 mm, depending on the capacitance. The capacitor can is made of flame-retardant plastic and filled with a dry resin. The terminals consist of two 100 mm cables. At maximum operating voltage the capacitors offer a life expectancy of at least 10,000 h is achieved. Due to its high temperature resistance, this capacitor is particularly suitable for the motors of heating system pumps as well as other AC applications.

Main applications

  • Motors of heating system pumps
  • AC applications

Main features and benefits

  • High permissible continuous operating temperature of 100 °C
  • Safety Class S3 according to IEC 60252-1
  • Compact design

About TDK Corporation
TDK Corporation is a leading electronics company based in Tokyo, Japan. It was established in 1935 to commercialize ferrite, a key material in electronic and magnetic products. TDK’s portfolio includes passive components, such as ceramic, aluminum electrolytic and film capacitors, ferrites and inductors, high-frequency products, and piezo and protection components, as well as sensors and sensor systems and power supplies. These products are marketed under the product brands TDK, EPCOS, InvenSense, Micronas, Tronics and TDK-Lambda. TDK’s further main product groups include magnetic application products, energy devices, and flash memory application devices. TDK focuses on demanding markets in the areas of information and communication technology and automotive, industrial and consumer electronics. The company has a network of design and manufacturing locations and sales offices in Asia, Europe, and in North and South America. In fiscal 2017, TDK posted total sales of USD 10.5 billion and employed about 100,000 people worldwide.

You can download this text and associated images from www.epcos.com/pressreleases.
Further information on the products can be found under www.epcos.com/motorrun.
Please forward reader inquiries to marketing.communications@epcos.com.

東芝前社長西室太三辭世英業達表達悼念 – DIGITIMES


東芝(Toshiba)前社長與前會長西室泰三於18日過世,與東芝關係緊密的英業達,董事長卓桐華表達悼念之意。卓桐華表示,英業達1986年要做手提電腦與手機產品,獲東芝全力…

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サンワサプライ、水に浮くIPX7取得の防水Bluetoothスピーカーを発売 … – MdN Design Interactive

サンワサプライ株式会社は、直販サイト「サンワダイレクト」にて、防水規格IPX7を取得したワイヤレススピーカー「400-SP073」を発売した。

同製品は、密閉された構造を採用し、水に落としても浮きあがるBluetoothスピーカー。最高出力は8Wで、低音を強調するパッシブラジエーターを搭載している。筐体は片手に収まる大きさで、付属のストラップでリュックに取り付けたり、浴室に吊り下げたりすることができる。

底面には三脚穴を搭載し、カメラの三脚などに設置できる。バッテリーを内蔵しており、USB給電にも対応している。

Hewlett Packard Enterprise объявила об обратном выкупе акций на сумму $5 млрд – Финам.RU

Компания Hewlett Packard Enterprise, созданная в 2015 году наряду с HP Inc после раздела корпорации Hewlett-Packard на два бизнеса, сообщила об одобрении расширения программы обратного выкупа акций на $5 млрд.

Кроме того, компания сообщила, что повысит величину квартальных дивидендных выплат на 15% до 75 центов на одну бумагу.

Представители Hewlett Packard Enterprise также отметили, что по итогам фискального года с окончанием в октябре 2018 г. ожидается прибыль в размере 43-53 центов на акцию, тогда как аналитики в среднем прогнозируют 65 центов на бумагу.

パナソニック「空間」で新製品 – テレビ東京

パナソニックがきょう発表した新製品。
でも、家電ではありません。
パナソニックが発表したのは、ダイニングやバスルームなど3つの住宅設備で、快適な「住まいの空間」をコンセプトに開発しました。
バスルームはゆったりと過ごせるリゾートホテルがコンセプト。
また「ダイニング」は、昔ながらの囲炉裏をイメージしたものでIHのテーブルは、囲むように料理ができて便利です。
ドレッシング空間では、手をかざすだけで光の調整が可能で、メイクをするときなどに活用できます。
新築住宅の販売が伸び悩む中、パナソニックは、今月初めに、パナホームを完全子会社化しました。
今後は住宅販売だけでなく、リフォームを含めた住空間を提供する製品を新たな成長の柱として売り出していきたい考えです。

【市況】マイクロソフト、政府機関用クラウドサービスにブロックチェーン技術活用【フィスコ・ビットコインニュース】 – 株探ニュース

ワシントンDCで開催されたMicrosoft’s Government Cloud Forum 2017において、マイクロソフトはAzure Government Secretのサービス拡大を発表した。これは政府機関に利用されることを目的としたクラウドサービスであり、ブロックチェーンを利用した「Blockchain for Azure Government」も含まれている。

ブロックチェーンとは、ビットコインの基盤技術として利用されている技術であり、データ改ざんが極めて難しいというセキュリティー面の向上や、データ記録の作成・管理コストを大きく削減できる可能性などが兼ねてより注目されてきた。仮想通貨以外にも活用シーンを模索しようと、金融機関をはじめ幅広い業界の企業が取り組んでいる。

マイクロソフトが提供するMicrosoft Azure Governmentは、米国政府機関とそのパートナーを対象とした政府専用クラウドであり、高度なセキュリティー要件に沿うものとなっている。

この一部となるブロックチェーンだが、同社は政府が直面する様々な問題に適用することができる品質となっているとし、例として、自然災害後の資金の配分や不動産所有権の登録、複数の取引による財産の所有権の追跡などをあげている。

またマイクロソフトはAzure Governmentのためのブロックチェーンを立ち上げ、ブロックチェーンと分散型台帳のマーケットプレイス・ソリューションを幅広くサポートするという。これらのソリューションによって、複数の組織にわたるブロックチェーン基盤の導入と構成を自動化し、顧客が政府の変革とアプリケーション開発に専念できるようにするとしている。また、既存の顧客が快適にアクセスできるように配慮するようだ。

《SI》

 提供:フィスコ