Toenec (TSE:1946) Retained Earnings : 円100,611 Mil (As of Dec. 2023)

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What is Toenec Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Toenec's retained earnings for the quarter that ended in Dec. 2023 was 円100,611 Mil.

Toenec's quarterly retained earnings increased from Jun. 2023 (円98,094 Mil) to Sep. 2023 (円100,447 Mil) and increased from Sep. 2023 (円100,447 Mil) to Dec. 2023 (円100,611 Mil).

Toenec's annual retained earnings declined from Mar. 2022 (円105,381 Mil) to Mar. 2023 (円97,310 Mil) but then increased from Mar. 2023 (円97,310 Mil) to Mar. 2024 (円104,598 Mil).

Toenec Retained Earnings Historical Data

The historical data trend for Toenec'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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Toenec Retained Earnings Chart

Toenec Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Retained Earnings

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93,059.00

99,368.00

105,381.00

97,310.00

104,598.00

Toenec 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															97,310.00	98,094.00	100,447.00	100,611.00	104,598.00

Toenec 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.

Toenec (TSE:1946) 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.

Toenec (TSE:1946) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Toenec Corp (TSE:1946) » Definitions » Retained Earnings

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Address

20-31, Sakae 1-chome, Naka-ku, Aichi, Nagoya, JPN, 460-0008

Website

http://www.toenec.co.jp

Toenec Corp provides engineering and construction services. The company's services include electrical and communications construction, pipe-laying, fire-control system construction, construction and building works, scaffolding, earthworks, and concrete works, road surfacing, painting, waterproofing work, waterworks, steel-structure construction, machinery and tool installation, interior finishing work, cleaning-facility construction, the power generation business, and electrical communication construction. It provides surveying, design, supervision, maintenance, and consultation, research, planning, development services. The company also provides ordinary freight vehicles and dispatching of manpower needed for its services. It also sells, leases and manages real estate properties.

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