Declared Dividend • Jun 02
First half dividend of JP¥90.00 announced Dividend of JP¥90.00 is the same as last year. Ex-date: 29th September 2026 Payment date: 22nd December 2026 Dividend yield will be 2.5%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is covered by earnings (30% earnings payout ratio) but not covered by cash flows (165% cash payout ratio). The dividend has increased by an average of 9.6% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 12% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. New Risk • May 11
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 11% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risk Dividend is not well covered by cash flows (148% cash payout ratio). Reported Earnings • May 09
Second quarter 2026 earnings released: EPS: JP¥130 (vs JP¥91.16 in 2Q 2025) Second quarter 2026 results: EPS: JP¥130 (up from JP¥91.16 in 2Q 2025). Revenue: JP¥17.6b (up 18% from 2Q 2025). Net income: JP¥1.95b (up 34% from 2Q 2025). Profit margin: 11% (up from 9.7% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. 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: 02 June 2026. Payout ratio is a comfortable 33% but the company is paying out more than the cash it is generating. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%). Valuation Update With 7 Day Price Move • Mar 17
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥5,400, the stock trades at a trailing P/E ratio of 11.1x. Average trailing P/E is 15x in the Machinery industry in Japan. Total returns to shareholders of 63% over the past three years. Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment improves as stock rises 33% After last week's 33% share price gain to JP¥5,130, the stock trades at a trailing P/E ratio of 10.9x. Average trailing P/E is 15x in the Machinery industry in Japan. Total returns to shareholders of 47% over the past three years. New Risk • Feb 16
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. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (153% cash payout ratio). Share price has been volatile over the past 3 months (5.8% average weekly change). Reported Earnings • Feb 16
First quarter 2026 earnings released: EPS: JP¥126 (vs JP¥91.28 in 1Q 2025) First quarter 2026 results: EPS: JP¥126 (up from JP¥91.28 in 1Q 2025). Revenue: JP¥18.4b (up 40% from 1Q 2025). Net income: JP¥1.93b (up 30% from 1Q 2025). Profit margin: 11% (in line with 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Announcement • Feb 14
Obara Group Incorporated Provides Consolidated Earnings Guidance for the First Half and Full Year of the Fiscal Year Ending September 30, 2026 Obara Group Incorporated provided consolidated earnings guidance for the first half and full year of the fiscal year ending September 30, 2026. For the first half, the company expects net sales to be JPY 32,700 million. Operating income to be JPY 4,750 million. Net income to be JPY 3,200 million. Net income per share to be JPY 209.45.
For the full year, the company expects net sales to be JPY 63,900 million. Operating income to be JPY 9,200 million. Net income to be JPY 6,300 million. Net income per share to be JPY 412.37. Declared Dividend • Jan 08
Final dividend of JP¥60.00 announced Dividend of JP¥60.00 is the same as last year. Ex-date: 30th March 2026 Payment date: 2nd June 2026 Dividend yield will be 3.9%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is covered by earnings (35% earnings payout ratio) but not covered by cash flows (153% cash payout ratio). The dividend has increased by an average of 9.6% per year over the past 10 years. However, payments have been volatile during that time. 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. Announcement • Jan 06
Obara Group Incorporated to Report Q1, 2026 Results on Feb 13, 2026 Obara Group Incorporated announced that they will report Q1, 2026 results on Feb 13, 2026 Reported Earnings • Dec 25
Full year 2025 earnings released: EPS: JP¥425 (vs JP¥390 in FY 2024) Full year 2025 results: EPS: JP¥425 (up from JP¥390 in FY 2024). Revenue: JP¥61.7b (up 9.4% from FY 2024). Net income: JP¥6.76b (flat on FY 2024). Profit margin: 11% (in line with FY 2024). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Reported Earnings • Nov 15
Full year 2025 earnings released: EPS: JP¥425 (vs JP¥390 in FY 2024) Full year 2025 results: EPS: JP¥425 (up from JP¥390 in FY 2024). Revenue: JP¥61.7b (up 9.4% from FY 2024). Net income: JP¥6.76b (flat on FY 2024). Profit margin: 11% (in line with FY 2024). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥90.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 22 December 2025. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.0%). Announcement • Sep 02
Obara Group Incorporated to Report Fiscal Year 2025 Results on Nov 12, 2025 Obara Group Incorporated announced that they will report fiscal year 2025 results on Nov 12, 2025 Reported Earnings • Aug 07
Third quarter 2025 earnings released: EPS: JP¥128 (vs JP¥98.16 in 3Q 2024) Third quarter 2025 results: EPS: JP¥128 (up from JP¥98.16 in 3Q 2024). Revenue: JP¥17.0b (up 18% from 3Q 2024). Net income: JP¥2.03b (up 20% from 3Q 2024). Profit margin: 12% (in line with 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Declared Dividend • Jun 03
First half dividend of JP¥90.00 announced Dividend of JP¥90.00 is the same as last year. Ex-date: 29th September 2025 Payment date: 22nd December 2025 Dividend yield will be 4.3%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is covered by both earnings (38% earnings payout ratio) and cash flows (54% cash payout ratio). The dividend has increased by an average of 9.6% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 4.4% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • May 31
Obara Group Incorporated to Report Q3, 2025 Results on Aug 05, 2025 Obara Group Incorporated announced that they will report Q3, 2025 results on Aug 05, 2025 Reported Earnings • May 10
Second quarter 2025 earnings released: EPS: JP¥91.16 (vs JP¥98.20 in 2Q 2024) Second quarter 2025 results: EPS: JP¥91.16 (down from JP¥98.20 in 2Q 2024). Revenue: JP¥15.0b (up 6.5% from 2Q 2024). Net income: JP¥1.46b (down 16% from 2Q 2024). Profit margin: 9.7% (down from 12% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Announcement • Mar 27
Obara Group Incorporated to Report Q2, 2025 Results on May 09, 2025 Obara Group Incorporated announced that they will report Q2, 2025 results on May 09, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥60.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 03 June 2025. Payout ratio is a comfortable 37% 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 (2.1%). Reported Earnings • Feb 15
First quarter 2025 earnings released: EPS: JP¥91.28 (vs JP¥78.52 in 1Q 2024) First quarter 2025 results: EPS: JP¥91.28 (up from JP¥78.52 in 1Q 2024). Revenue: JP¥13.2b (up 6.7% from 1Q 2024). Net income: JP¥1.48b (up 9.1% from 1Q 2024). Profit margin: 11% (in line with 1Q 2024). Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 4% per year. Declared Dividend • Jan 06
Final dividend of JP¥60.00 announced Dividend of JP¥60.00 is the same as last year. Ex-date: 28th March 2025 Payment date: 3rd June 2025 Dividend yield will be 3.7%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is well covered by both earnings (38% earnings payout ratio) and cash flows (47% cash payout ratio). The dividend has increased by an average of 9.6% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend. Announcement • Dec 03
Obara Group Incorporated to Report Q1, 2025 Results on Feb 13, 2025 Obara Group Incorporated announced that they will report Q1, 2025 results on Feb 13, 2025 Reported Earnings • Nov 13
Full year 2024 earnings released: EPS: JP¥390 (vs JP¥449 in FY 2023) Full year 2024 results: EPS: JP¥390 (down from JP¥449 in FY 2023). Revenue: JP¥56.4b (up 2.1% from FY 2023). Net income: JP¥6.72b (down 6.8% from FY 2023). Profit margin: 12% (down from 13% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 5% per year. Announcement • Nov 11
Obara Group Incorporated, Annual General Meeting, Dec 19, 2024 Obara Group Incorporated, Annual General Meeting, Dec 19, 2024. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥90.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 20 December 2024. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.9%). Announcement • Aug 29
Obara Group Incorporated to Report Fiscal Year 2024 Results on Nov 11, 2024 Obara Group Incorporated announced that they will report fiscal year 2024 results on Nov 11, 2024 Reported Earnings • Aug 07
Third quarter 2024 earnings released: EPS: JP¥98.16 (vs JP¥95.09 in 3Q 2023) Third quarter 2024 results: EPS: JP¥98.16 (up from JP¥95.09 in 3Q 2023). Revenue: JP¥14.4b (up 22% from 3Q 2023). Net income: JP¥1.70b (up 14% from 3Q 2023). Profit margin: 12% (in line with 3Q 2023). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Jun 06
Obara Group Incorporated to Report Q3, 2024 Results on Aug 02, 2024 Obara Group Incorporated announced that they will report Q3, 2024 results on Aug 02, 2024 Reported Earnings • May 09
Second quarter 2024 earnings released: EPS: JP¥98.20 (vs JP¥117 in 2Q 2023) Second quarter 2024 results: EPS: JP¥98.20 (down from JP¥117 in 2Q 2023). Revenue: JP¥14.1b (up 1.9% from 2Q 2023). Net income: JP¥1.74b (down 5.5% from 2Q 2023). Profit margin: 12% (down from 13% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 6% per year. Announcement • Apr 03
Obara Group Incorporated (TSE:6877) announces an Equity Buyback for 2,150,000 shares, representing 12.07% for ¥7,521 million. Obara Group Incorporated (TSE:6877) announces a share repurchase program. Under the program, the company will repurchase up to 2,150,000 shares, representing 12.07% of its issued share capital, for ¥7,521 million. The purpose of the program is to strengthen shareholder returns and improve capital efficiency while maintaining the financial base necessary to implement our growth strategy. The program will be valid till March 24, 2025. As of March 31, 2024, the company has 17,806,416 issued shares (excluding treasury stock) and 3,062,964 treasury shares. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥60.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 05 June 2024. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.9%). Announcement • Feb 28
Obara Group Incorporated to Report Q2, 2024 Results on May 08, 2024 Obara Group Incorporated announced that they will report Q2, 2024 results on May 08, 2024 Reported Earnings • Feb 14
First quarter 2024 earnings released: EPS: JP¥78.52 (vs JP¥136 in 1Q 2023) First quarter 2024 results: EPS: JP¥78.52 (down from JP¥136 in 1Q 2023). Revenue: JP¥12.4b (down 21% from 1Q 2023). Net income: JP¥1.36b (down 37% from 1Q 2023). Profit margin: 11% (down from 14% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Nov 27
Obara Group Incorporated to Report Q1, 2024 Results on Feb 13, 2024 Obara Group Incorporated announced that they will report Q1, 2024 results on Feb 13, 2024 Reported Earnings • Nov 11
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: JP¥449 (up from JP¥393 in FY 2022). Revenue: JP¥55.2b (up 9.8% from FY 2022). Net income: JP¥7.21b (up 16% from FY 2022). Profit margin: 13% (in line with FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 14%. Revenue is forecast to grow 5.7% p.a. on average during the next 2 years, compared to a 4.2% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • Nov 10
Obara Group Incorporated, Annual General Meeting, Dec 19, 2023 Obara Group Incorporated, Annual General Meeting, Dec 19, 2023. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥90.00 per share at 3.8% yield Eligible shareholders must have bought the stock before 29 September 2023. Payment date: 21 December 2023. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (2.2%). Upcoming Dividend • Sep 22
Upcoming dividend of JP¥90.00 per share at 3.8% yield Eligible shareholders must have bought the stock before 29 September 2023. Payment date: 21 December 2023. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (2.2%). Announcement • Sep 02
Obara Group Incorporated to Report Fiscal Year 2023 Results on Nov 10, 2023 Obara Group Incorporated announced that they will report fiscal year 2023 results on Nov 10, 2023 Reported Earnings • Aug 09
Third quarter 2023 earnings released: EPS: JP¥95.09 (vs JP¥106 in 3Q 2022) Third quarter 2023 results: EPS: JP¥95.09 (down from JP¥106 in 3Q 2022). Revenue: JP¥11.8b (down 6.7% from 3Q 2022). Net income: JP¥1.50b (down 10% from 3Q 2022). Profit margin: 13% (in line with 3Q 2022). Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • May 31
Obara Group Incorporated to Report Q3, 2023 Results on Aug 04, 2023 Obara Group Incorporated announced that they will report Q3, 2023 results on Aug 04, 2023 Reported Earnings • May 11
Second quarter 2023 earnings released: EPS: JP¥117 (vs JP¥99.72 in 2Q 2022) Second quarter 2023 results: EPS: JP¥117 (up from JP¥99.72 in 2Q 2022). Revenue: JP¥13.8b (up 12% from 2Q 2022). Net income: JP¥1.84b (up 17% from 2Q 2022). Profit margin: 13% (in line with 2Q 2022). Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 11% per year. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥40.00 per share at 3.4% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 06 June 2023. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.4%). Buying Opportunity • Mar 18
Now 20% undervalued Over the last 90 days, the stock is up 8.4%. The fair value is estimated to be JP¥4,741, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.0% over the last 3 years. Earnings per share has grown by 8.8%. Reported Earnings • Feb 19
First quarter 2023 earnings released: EPS: JP¥136 (vs JP¥47.11 in 1Q 2022) First quarter 2023 results: EPS: JP¥136 (up from JP¥47.11 in 1Q 2022). Revenue: JP¥15.6b (up 59% from 1Q 2022). Net income: JP¥2.14b (up 187% from 1Q 2022). Profit margin: 14% (up from 7.6% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 7% per year. Reported Earnings • Dec 27
Full year 2022 earnings released: EPS: JP¥393 (vs JP¥366 in FY 2021) Full year 2022 results: EPS: JP¥393 (up from JP¥366 in FY 2021). Revenue: JP¥50.3b (up 11% from FY 2021). Net income: JP¥6.20b (up 3.4% from FY 2021). Profit margin: 12% (in line with FY 2021). Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 1% per year. Announcement • Nov 30
Obara Group Incorporated to Report Q1, 2023 Results on Feb 14, 2023 Obara Group Incorporated announced that they will report Q1, 2023 results on Feb 14, 2023 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. 3 experienced directors. 4 highly experienced directors. 1 independent director (4 non-independent directors). Independent External Director Tomoo Onishi was the last independent director to join the board, commencing their role in 2015. 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 13
Full year 2022 earnings released: EPS: JP¥393 (vs JP¥366 in FY 2021) Full year 2022 results: EPS: JP¥393 (up from JP¥366 in FY 2021). Revenue: JP¥50.3b (up 11% from FY 2021). Net income: JP¥6.20b (up 3.4% from FY 2021). Profit margin: 12% (in line with FY 2021). Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 4% per year. Announcement • Nov 11
Obara Group Incorporated, Annual General Meeting, Dec 20, 2022 Obara Group Incorporated, Annual General Meeting, Dec 20, 2022. Announcement • Nov 01
Obara Group Incorporated Revises Year-End Dividend Forecast for the Fiscal Year Ending 30 September 2022 Obara Group Incorporated Revised Year-end Dividend Forecast to JPY 90.00 from the previous forecast of JPY 70.00 for the fiscal year ending 30 September 2022. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥70.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 22 December 2022. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.4%). Announcement • Sep 01
Obara Group Incorporated to Report Fiscal Year 2022 Results on Nov 11, 2022 Obara Group Incorporated announced that they will report fiscal year 2022 results on Nov 11, 2022 Reported Earnings • Aug 08
Third quarter 2022 earnings released: EPS: JP¥106 (vs JP¥133 in 3Q 2021) Third quarter 2022 results: EPS: JP¥106 (down from JP¥133 in 3Q 2021). Revenue: JP¥12.6b (up 5.8% from 3Q 2021). Net income: JP¥1.66b (down 23% from 3Q 2021). Profit margin: 13% (down from 18% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 3% per year. Announcement • Jun 02
Obara Group Incorporated to Report Q3, 2022 Results on Aug 05, 2022 Obara Group Incorporated announced that they will report Q3, 2022 results on Aug 05, 2022 Reported Earnings • May 11
Second quarter 2022 earnings released: EPS: JP¥99.72 (vs JP¥65.95 in 2Q 2021) Second quarter 2022 results: EPS: JP¥99.72 (up from JP¥65.95 in 2Q 2021). Revenue: JP¥12.3b (up 22% from 2Q 2021). Net income: JP¥1.57b (up 45% from 2Q 2021). Profit margin: 13% (up from 11% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year and the company’s share price has also fallen by 7% per year. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 5 highly experienced directors. No independent directors (5 non-independent directors). External Director Tomoo Onishi was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 07 June 2022. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 3.7%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (2.0%). Announcement • Feb 27
Obara Group Incorporated to Report Q2, 2022 Results on May 10, 2022 Obara Group Incorporated announced that they will report Q2, 2022 results on May 10, 2022 Reported Earnings • Feb 20
First quarter 2022 earnings: Revenues and EPS in line with analyst expectations First quarter 2022 results: EPS: JP¥47.11 (down from JP¥86.12 in 1Q 2021). Revenue: JP¥9.82b (down 8.9% from 1Q 2021). Net income: JP¥748.0m (down 48% from 1Q 2021). Profit margin: 7.6% (down from 13% in 1Q 2021). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 7% per year. Reported Earnings • Dec 27
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: JP¥366 (up from JP¥288 in FY 2020). Revenue: JP¥45.5b (up 2.8% from FY 2020). Net income: JP¥5.99b (up 17% from FY 2020). Profit margin: 13% (up from 12% in FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 16
Full year 2021 earnings released: EPS JP¥366 (vs JP¥288 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥45.5b (up 2.8% from FY 2020). Net income: JP¥5.99b (up 17% from FY 2020). Profit margin: 13% (up from 12% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 6% per year. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥70.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 21 December 2021. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (1.4%). Reported Earnings • May 09
Second quarter 2021 earnings released: EPS JP¥65.95 (vs JP¥77.40 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥10.1b (down 6.9% from 2Q 2020). Net income: JP¥1.09b (down 22% from 2Q 2020). Profit margin: 11% (down from 13% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 17% per year.