Reported Earnings • May 18
Full year 2026 earnings released: EPS: JP¥242 (vs JP¥227 in FY 2025) Full year 2026 results: EPS: JP¥242 (up from JP¥227 in FY 2025). Revenue: JP¥61.9b (down 6.3% from FY 2025). Net income: JP¥5.24b (up 6.1% from FY 2025). Profit margin: 8.5% (up from 7.5% in FY 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • May 15
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥2,396, the stock trades at a trailing P/E ratio of 8.9x. Average trailing P/E is 10x in the Auto Components industry in Japan. Total returns to shareholders of 172% over the past three years. Announcement • May 14
Nihon Tokushu Toryo Co., Ltd., Annual General Meeting, Jun 23, 2026 Nihon Tokushu Toryo Co., Ltd., Annual General Meeting, Jun 23, 2026. Announcement • May 09
Nihon Tokushu Toryo Co., Ltd. to Report Fiscal Year 2026 Results on May 14, 2026 Nihon Tokushu Toryo Co., Ltd. announced that they will report fiscal year 2026 results on May 14, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥60.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 25 June 2026. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 4.9%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.8%). Announcement • Mar 18
Nihon Tokushu Toryo Co., Ltd. (TSE:4619) announces an Equity Buyback for 150,000 shares, representing 0.7% for ¥353.1 million. Nihon Tokushu Toryo Co., Ltd. (TSE:4619) announces a share repurchase program. Under the program, the company will repurchase up to 150,000 shares, representing 0.7% for ¥353.1 million. The shares will be repurchased at a price of ¥2,354 per share. The purpose of the program is to strengthen shareholder returns based on the Medium-Term Management Plan and enable the implementation of a flexible capital policy in response to changes in the business environment. As of February 27, 2026, the company had 21,546,122 shares in issue and 2,065,078 shares in treasury. Reported Earnings • Feb 14
Third quarter 2026 earnings released: EPS: JP¥71.49 (vs JP¥54.94 in 3Q 2025) Third quarter 2026 results: EPS: JP¥71.49 (up from JP¥54.94 in 3Q 2025). Revenue: JP¥15.8b (down 6.1% from 3Q 2025). Net income: JP¥1.54b (up 29% from 3Q 2025). Profit margin: 9.8% (up from 7.1% in 3Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Jan 20
Now 21% undervalued Over the last 90 days, the stock has risen 12% to JP¥2,400. The fair value is estimated to be JP¥3,023, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.3% over the last 3 years. Earnings per share has grown by 35%. Announcement • Dec 09
Nihon Tokushu Toryo Co., Ltd. to Report Q3, 2026 Results on Feb 12, 2026 Nihon Tokushu Toryo Co., Ltd. announced that they will report Q3, 2026 results on Feb 12, 2026 Declared Dividend • Nov 29
First half dividend of JP¥60.00 announced Shareholders will receive a dividend of JP¥60.00. Ex-date: 30th March 2026 Payment date: 25th June 2026 Dividend yield will be 4.9%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (27% earnings payout ratio) and cash flows (48% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 67% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 15
Second quarter 2026 earnings released: EPS: JP¥66.06 (vs JP¥45.98 in 2Q 2025) Second quarter 2026 results: EPS: JP¥66.06 (up from JP¥45.98 in 2Q 2025). Revenue: JP¥15.2b (down 6.5% from 2Q 2025). Net income: JP¥1.44b (up 44% from 2Q 2025). Profit margin: 9.5% (up from 6.2% in 2Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 35% per year whereas the company’s share price has increased by 36% per year. Announcement • Nov 13
Nihon Tokushu Toryo Co., Ltd. (TSE:4619) announces an Equity Buyback for 350,000 shares, representing 1.6% for ¥740.6 million. Nihon Tokushu Toryo Co., Ltd. (TSE:4619) announces a share repurchase program. Under the program, the company will repurchase up to 350,000 shares, representing 1.6% for ¥740.6 million. The shares will be repurchased at a price of ¥2,116 per share. The purpose of the program is to strengthen shareholder returns based on the Medium-Term Management Plan and enable the implementation of a flexible capital policy in response to changes in the business environment. As of October 31, 2025, the company had 21,858,822 shares in issue and 1,752,378 shares in treasury. Announcement • Sep 27
Nihon Tokushu Toryo Co., Ltd. to Report Q2, 2026 Results on Nov 12, 2025 Nihon Tokushu Toryo Co., Ltd. announced that they will report Q2, 2026 results on Nov 12, 2025 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥50.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 01 December 2025. Payout ratio is a comfortable 39% but the company is paying out more than the cash it is generating. Trailing yield: 5.0%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (3.0%). Reported Earnings • Aug 09
First quarter 2026 earnings released: EPS: JP¥53.24 (vs JP¥51.23 in 1Q 2025) First quarter 2026 results: EPS: JP¥53.24 (up from JP¥51.23 in 1Q 2025). Revenue: JP¥15.1b (down 7.5% from 1Q 2025). Net income: JP¥1.16b (up 3.9% from 1Q 2025). Profit margin: 7.7% (up from 6.8% in 1Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Declared Dividend • Jul 09
Final dividend of JP¥50.00 announced Shareholders will receive a dividend of JP¥50.00. Ex-date: 29th September 2025 Payment date: 1st December 2025 Dividend yield will be 5.9%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (24% earnings payout ratio) but not covered by cash flows (139% cash payout ratio). The dividend has increased by an average of 27% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 17% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Jun 24
Full year 2025 earnings released: EPS: JP¥227 (vs JP¥182 in FY 2024) Full year 2025 results: EPS: JP¥227 (up from JP¥182 in FY 2024). Revenue: JP¥66.1b (up 2.1% from FY 2024). Net income: JP¥4.94b (up 25% from FY 2024). Profit margin: 7.5% (up from 6.1% in FY 2024). Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Announcement • Jun 17
Nihon Tokushu Toryo Co., Ltd. to Report Q1, 2026 Results on Aug 08, 2025 Nihon Tokushu Toryo Co., Ltd. announced that they will report Q1, 2026 results on Aug 08, 2025 New Risk • May 26
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 139% Dividend yield: 6.1% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Reported Earnings • May 10
Full year 2025 earnings released: EPS: JP¥227 (vs JP¥182 in FY 2024) Full year 2025 results: EPS: JP¥227 (up from JP¥182 in FY 2024). Revenue: JP¥66.1b (up 2.1% from FY 2024). Net income: JP¥4.94b (up 25% from FY 2024). Profit margin: 7.5% (up from 6.1% in FY 2024). Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Announcement • May 09
Nihon Tokushu Toryo Co., Ltd., Annual General Meeting, Jun 24, 2025 Nihon Tokushu Toryo Co., Ltd., Annual General Meeting, Jun 24, 2025. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥38.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 24 June 2025. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 4.1%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (3.3%). Announcement • Mar 15
Nihon Tokushu Toryo Co., Ltd. to Report Fiscal Year 2025 Results on May 09, 2025 Nihon Tokushu Toryo Co., Ltd. announced that they will report fiscal year 2025 results on May 09, 2025 Reported Earnings • Feb 14
Third quarter 2025 earnings released: EPS: JP¥54.94 (vs JP¥55.92 in 3Q 2024) Third quarter 2025 results: EPS: JP¥54.94 (down from JP¥55.92 in 3Q 2024). Revenue: JP¥16.8b (down 4.7% from 3Q 2024). Net income: JP¥1.20b (down 1.7% from 3Q 2024). Profit margin: 7.1% (up from 6.9% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Announcement • Dec 17
Nihon Tokushu Toryo Co., Ltd. to Report Q3, 2025 Results on Feb 12, 2025 Nihon Tokushu Toryo Co., Ltd. announced that they will report Q3, 2025 results on Feb 12, 2025 Declared Dividend • Nov 30
First half dividend increased to JP¥26.00 Dividend of JP¥26.00 is 4.0% higher than last year. Ex-date: 28th March 2025 Payment date: 24th June 2025 Dividend yield will be 3.8%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (13% earnings payout ratio) and cash flows (33% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 8.8% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥22.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (3.5%). Announcement • Sep 11
Nihon Tokushu Toryo Co., Ltd. to Report Q2, 2025 Results on Nov 13, 2024 Nihon Tokushu Toryo Co., Ltd. announced that they will report Q2, 2025 results on Nov 13, 2024 Reported Earnings • Aug 13
First quarter 2025 earnings released: EPS: JP¥51.23 (vs JP¥35.88 in 1Q 2024) First quarter 2025 results: EPS: JP¥51.23 (up from JP¥35.88 in 1Q 2024). Revenue: JP¥16.4b (up 6.3% from 1Q 2024). Net income: JP¥1.11b (up 43% from 1Q 2024). Profit margin: 6.8% (up from 5.1% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. New Risk • Aug 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥1,029, the stock trades at a trailing P/E ratio of 5.7x. Average trailing P/E is 8x in the Auto Components industry in Japan. Total returns to shareholders of 7.6% over the past three years. Declared Dividend • Jul 11
Final dividend of JP¥22.00 announced Shareholders will receive a dividend of JP¥22.00. Ex-date: 27th September 2024 Payment date: 2nd December 2024 Dividend yield will be 3.8%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (22% earnings payout ratio) and cash flows (13% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 7.5% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Jun 26
Full year 2024 earnings released: EPS: JP¥182 (vs JP¥96.77 in FY 2023) Full year 2024 results: EPS: JP¥182 (up from JP¥96.77 in FY 2023). Revenue: JP¥64.7b (up 6.5% from FY 2023). Net income: JP¥3.95b (up 88% from FY 2023). Profit margin: 6.1% (up from 3.5% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Jun 15
Nihon Tokushu Toryo Co., Ltd. to Report Q1, 2025 Results on Aug 08, 2024 Nihon Tokushu Toryo Co., Ltd. announced that they will report Q1, 2025 results on Aug 08, 2024 Announcement • May 10
Nihon Tokushu Toryo Co., Ltd., Annual General Meeting, Jun 21, 2024 Nihon Tokushu Toryo Co., Ltd., Annual General Meeting, Jun 21, 2024. Reported Earnings • May 09
Full year 2024 earnings released: EPS: JP¥182 (vs JP¥96.77 in FY 2023) Full year 2024 results: EPS: JP¥182 (up from JP¥96.77 in FY 2023). Revenue: JP¥64.7b (up 6.5% from FY 2023). Net income: JP¥3.95b (up 88% from FY 2023). Profit margin: 6.1% (up from 3.5% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 24 June 2024. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 3.2%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (2.6%). Announcement • Mar 15
Nihon Tokushu Toryo Co., Ltd. to Report Fiscal Year 2024 Results on May 08, 2024 Nihon Tokushu Toryo Co., Ltd. announced that they will report fiscal year 2024 results on May 08, 2024 Reported Earnings • Feb 10
Third quarter 2024 earnings released: EPS: JP¥55.92 (vs JP¥25.35 in 3Q 2023) Third quarter 2024 results: EPS: JP¥55.92 (up from JP¥25.35 in 3Q 2023). Revenue: JP¥17.6b (up 5.4% from 3Q 2023). Net income: JP¥1.22b (up 121% from 3Q 2023). Profit margin: 6.9% (up from 3.3% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Dec 16
Nihon Tokushu Toryo Co., Ltd. to Report Q3, 2024 Results on Feb 09, 2024 Nihon Tokushu Toryo Co., Ltd. announced that they will report Q3, 2024 results on Feb 09, 2024 Reported Earnings • Nov 09
Second quarter 2024 earnings released: EPS: JP¥46.82 (vs JP¥0.046 in 2Q 2023) Second quarter 2024 results: EPS: JP¥46.82 (up from JP¥0.046 in 2Q 2023). Revenue: JP¥16.0b (up 8.9% from 2Q 2023). Net income: JP¥1.02b (up JP¥1.02b from 2Q 2023). Profit margin: 6.4% (up from 0% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. New Risk • Nov 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 15% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (5.4% average weekly change). Buying Opportunity • Oct 03
Now 21% undervalued Over the last 90 days, the stock is up 15%. The fair value is estimated to be JP¥1,624, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.6% over the last 3 years. Earnings per share has grown by 29%. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥21.00 per share at 3.1% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 27 November 2023. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (2.5%). Announcement • Sep 09
Nihon Tokushu Toryo Co., Ltd. to Report Q2, 2024 Results on Nov 08, 2023 Nihon Tokushu Toryo Co., Ltd. announced that they will report Q2, 2024 results on Nov 08, 2023 Reported Earnings • Aug 10
First quarter 2024 earnings released: EPS: JP¥35.88 (vs JP¥15.56 in 1Q 2023) First quarter 2024 results: EPS: JP¥35.88 (up from JP¥15.56 in 1Q 2023). Revenue: JP¥15.4b (up 16% from 1Q 2023). Net income: JP¥780.0m (up 131% from 1Q 2023). Profit margin: 5.1% (up from 2.5% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jun 28
Full year 2023 earnings released: EPS: JP¥96.77 (vs JP¥59.87 in FY 2022) Full year 2023 results: EPS: JP¥96.77 (up from JP¥59.87 in FY 2022). Revenue: JP¥60.7b (up 11% from FY 2022). Net income: JP¥2.10b (up 62% from FY 2022). Profit margin: 3.5% (up from 2.4% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Jun 09
Nihon Tokushu Toryo Co., Ltd. to Report Q1, 2024 Results on Aug 09, 2023 Nihon Tokushu Toryo Co., Ltd. announced that they will report Q1, 2024 results on Aug 09, 2023 Announcement • May 13
Nihon Tokushu Toryo Co., Ltd., Annual General Meeting, Jun 22, 2023 Nihon Tokushu Toryo Co., Ltd., Annual General Meeting, Jun 22, 2023. Reported Earnings • May 12
Full year 2023 earnings released: EPS: JP¥96.77 (vs JP¥59.87 in FY 2022) Full year 2023 results: EPS: JP¥96.77 (up from JP¥59.87 in FY 2022). Revenue: JP¥60.7b (up 11% from FY 2022). Net income: JP¥2.10b (up 62% from FY 2022). Profit margin: 3.5% (up from 2.4% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥22.00 per share at 4.5% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 23 June 2023. Payout ratio is a comfortable 55% and this is well supported by cash flows. Trailing yield: 4.5%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (3.2%). Reported Earnings • Feb 09
Third quarter 2023 earnings released: EPS: JP¥25.35 (vs JP¥19.47 in 3Q 2022) Third quarter 2023 results: EPS: JP¥25.35 (up from JP¥19.47 in 3Q 2022). Revenue: JP¥16.7b (up 13% from 3Q 2022). Net income: JP¥551.0m (up 30% from 3Q 2022). Profit margin: 3.3% (up from 2.9% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 11% per year, which means it is performing significantly worse than earnings. Announcement • Dec 10
Nihon Tokushu Toryo Co., Ltd. to Report Q3, 2023 Results on Feb 08, 2023 Nihon Tokushu Toryo Co., Ltd. announced that they will report Q3, 2023 results on Feb 08, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: JP¥0.046 (vs JP¥6.40 loss in 2Q 2022) Second quarter 2023 results: EPS: JP¥0.046 (up from JP¥6.40 loss in 2Q 2022). Revenue: JP¥14.7b (up 16% from 2Q 2022). Net income: JP¥1.00m (up JP¥140.0m from 2Q 2022). Profit margin: 0% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year whereas the company’s share price has fallen by 16% per year. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 6 highly experienced directors. 2 independent directors (7 non-independent directors). Independent Part-Time External Director Kozo Yabe was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 11
Second quarter 2023 earnings released: EPS: JP¥0.046 (vs JP¥6.40 loss in 2Q 2022) Second quarter 2023 results: EPS: JP¥0.046 (up from JP¥6.40 loss in 2Q 2022). Revenue: JP¥14.7b (up 16% from 2Q 2022). Net income: JP¥1.00m (up JP¥140.0m from 2Q 2022). Profit margin: 0% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year whereas the company’s share price has fallen by 16% per year. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 28 November 2022. Payout ratio is a comfortable 63% and this is well supported by cash flows. Trailing yield: 4.3%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (3.1%). Announcement • Sep 09
Nihon Tokushu Toryo Co., Ltd. to Report Q2, 2023 Results on Nov 09, 2022 Nihon Tokushu Toryo Co., Ltd. announced that they will report Q2, 2023 results on Nov 09, 2022 Reported Earnings • Aug 12
First quarter 2023 earnings released: EPS: JP¥15.56 (vs JP¥11.84 in 1Q 2022) First quarter 2023 results: EPS: JP¥15.56 (up from JP¥11.84 in 1Q 2022). Revenue: JP¥13.3b (up 6.1% from 1Q 2022). Net income: JP¥338.0m (up 32% from 1Q 2022). Profit margin: 2.5% (up from 2.1% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Reported Earnings • Jun 26
Full year 2022 earnings released Full year 2022 results: Revenue: JP¥54.8b (up 14% from FY 2021). Net income: JP¥1.30b (flat on FY 2021). Profit margin: 2.4% (down from 2.7% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Announcement • Jun 19
Nihon Tokushu Toryo Co., Ltd. to Report Q1, 2023 Results on Aug 10, 2022 Nihon Tokushu Toryo Co., Ltd. announced that they will report Q1, 2023 results on Aug 10, 2022 Reported Earnings • May 13
Full year 2022 earnings released: EPS: JP¥59.87 (vs JP¥59.24 in FY 2021) Full year 2022 results: EPS: JP¥59.87. Revenue: JP¥54.8b (up 14% from FY 2021). Net income: JP¥1.30b (flat on FY 2021). Profit margin: 2.4% (down from 2.7% in FY 2021). The decrease in margin was driven by higher expenses. Announcement • May 13
Nihon Tokushu Toryo Co., Ltd., Annual General Meeting, Jun 22, 2022 Nihon Tokushu Toryo Co., Ltd., Annual General Meeting, Jun 22, 2022. Board Change • Apr 27
No independent directors There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 7 experienced directors. 4 highly experienced directors. No independent directors (9 non-independent directors). Head of Production, Automotive Products Business Headquarters & Director Shin Nakamura was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Announcement • Apr 08
Nihon Tokushu Toryo Co., Ltd. to Report Fiscal Year 2022 Results on May 11, 2022 Nihon Tokushu Toryo Co., Ltd. announced that they will report fiscal year 2022 results on May 11, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥22.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 25 June 2022. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 4.6%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (3.0%). Reported Earnings • Feb 12
Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2022 results: EPS: JP¥19.47 (down from JP¥26.26 in 3Q 2021). Revenue: JP¥14.8b (up 7.9% from 3Q 2021). Net income: JP¥423.0m (down 27% from 3Q 2021). Profit margin: 2.9% (down from 4.2% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) exceeded analyst estimates by 117%. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. 