Kitz (TSE:6498) Retained Earnings : 円65,693 Mil (As of Mar. 2024)

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What is Kitz Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Kitz's retained earnings for the quarter that ended in Mar. 2024 was 円65,693 Mil.

Kitz's quarterly retained earnings increased from Sep. 2023 (円63,194 Mil) to Dec. 2023 (円65,258 Mil) and increased from Dec. 2023 (円65,258 Mil) to Mar. 2024 (円65,693 Mil).

Kitz's annual retained earnings declined from Mar. 2020 (円54,404 Mil) to Dec. 2021 (円51,708 Mil) but then increased from Dec. 2021 (円51,708 Mil) to Dec. 2022 (円57,911 Mil).

Kitz Retained Earnings Historical Data

The historical data trend for Kitz's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Kitz Retained Earnings Chart

Kitz Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Dec21

Dec22

Retained Earnings

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47,679.00

51,562.00

54,404.00

51,708.00

57,911.00

Kitz Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Retained Earnings	Get a 7-Day Free Trial															59,666.00	61,764.00	63,194.00	65,258.00	65,693.00

Kitz Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

Kitz (TSE:6498) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

Kitz (TSE:6498) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Kitz Corp (TSE:6498) » Definitions » Retained Earnings

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Address

1-10-1 Nakase Mihama-ku, Chiba, JPN, 2618577

Website

http://www.kitz.co.jp

Kitz Corp is a Japan-based company that operates through segments namely valve manufacturing business in which the company manufactures and sells valves, fittings, water purifiers, and industrial filters. the brass manufacturing business involves manufacturing and selling of brass rods for machined or forged products. The company's products consist of brass, cast iron, ductile iron, strainer, bronze, and others. It generates a majority of its revenue from the Valve manufacturing business.

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