Valuation Update With 7 Day Price Move • 9h
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥2,995, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 16x in the Machinery industry in Japan. Total returns to shareholders of 88% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,685 per share. Announcement • Jun 09
Torishima Pump Mfg. Co., Ltd. to Report Q1, 2027 Results on Aug 05, 2026 Torishima Pump Mfg. Co., Ltd. announced that they will report Q1, 2027 results on Aug 05, 2026 Major Estimate Revision • May 26
Consensus EPS estimates fall by 14% The consensus outlook for earnings per share (EPS) in fiscal year 2027 has deteriorated. 2027 revenue forecast decreased from JP¥100.0b to JP¥96.3b. EPS estimate also fell from JP¥192 per share to JP¥164 per share. Net income forecast to shrink 27% next year vs 8.8% growth forecast for Machinery industry in Japan . Consensus price target of JP¥2,580 unchanged from last update. Share price rose 4.8% to JP¥2,862 over the past week. Reported Earnings • May 18
Full year 2026 earnings: EPS and revenues exceed analyst expectations Full year 2026 results: EPS: JP¥225 (up from JP¥153 in FY 2025). Revenue: JP¥92.9b (up 7.4% from FY 2025). Net income: JP¥5.95b (up 46% from FY 2025). Profit margin: 6.4% (up from 4.7% in FY 2025). Revenue exceeded analyst estimates by 3.3%. Earnings per share (EPS) also surpassed analyst estimates by 9.6%. Revenue is forecast to grow 8.7% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Machinery industry in Japan. 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 20% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • May 15
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥2,841, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 17x in the Machinery industry in Japan. Total returns to shareholders of 86% over the past three years. Announcement • May 14
Torishima Pump Mfg. Co., Ltd., Annual General Meeting, Jun 24, 2026 Torishima Pump Mfg. Co., Ltd., Annual General Meeting, Jun 24, 2026. Announcement • May 10
Torishima Pump Mfg. Co., Ltd. to Report Fiscal Year 2026 Results on May 14, 2026 Torishima Pump Mfg. Co., Ltd. announced that they will report fiscal year 2026 results on May 14, 2026 Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥3,130, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 15x in the Machinery industry in Japan. Total returns to shareholders of 113% over the past three years. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥31.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 05 June 2026. Payout ratio is a comfortable 34% but the company is not cash flow positive. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%). Major Estimate Revision • Mar 13
Consensus EPS estimates increase by 29% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from JP¥129 to JP¥167. Revenue forecast unchanged at JP¥89.5b. Net income forecast to grow 8.5% next year vs 11% growth forecast for Machinery industry in Japan. Consensus price target up from JP¥1,950 to JP¥2,980. Share price was steady at JP¥2,646 over the past week. New Risk • Feb 14
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 83% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.1% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.2% net profit margin). Reported Earnings • Feb 14
Third quarter 2026 earnings released: EPS: JP¥123 (vs JP¥77.14 in 3Q 2025) Third quarter 2026 results: EPS: JP¥123 (up from JP¥77.14 in 3Q 2025). Revenue: JP¥23.7b (up 6.9% from 3Q 2025). Net income: JP¥3.24b (up 57% from 3Q 2025). Profit margin: 14% (up from 9.3% in 3Q 2025). Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Machinery industry in Japan. 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 18% per year, which means it is well ahead of earnings. New Risk • Feb 10
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 6.8% 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 Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.8% average weekly change). Profit margins are more than 30% lower than last year (3.9% net profit margin). Announcement • Feb 10
Torishima Pump Mfg. Co., Ltd. (TSE:6363) agreed to acquire Shin Nippon Machinery Co., Ltd. from Sumitomo Heavy Industries, Ltd. (TSE:6302) for ¥14.9 billion. Torishima Pump Mfg. Co., Ltd. (TSE:6363) agreed to acquire Shin Nippon Machinery Co., Ltd. from Sumitomo Heavy Industries, Ltd. (TSE:6302) for ¥14.9 billion on February 10, 2026. A cash consideration of ¥14.9 billion will be paid by Torishima Pump Mfg. Co., Ltd. As part of consideration, ¥14.9 billion is paid towards common equity of Shin Nippon Machinery Co., Ltd. The acquisition price is based on the assumption that, based on the Shin Nippon Machinery Co., Ltd.’s cash and deposit balances as of the end of December 2025, adjustments will be made through measures such as a special dividend so that its cash on hand will be ¥6 billion.
For the period ending December 31, 2025, Shin Nippon Machinery Co., Ltd. reported consolidated total revenue of ¥19.17 billion and EBIT of ¥2.4 billion. As of December 31, 2025, Shin Nippon Machinery Co., Ltd. reported total assets of ¥42.34 billion and total common equity of ¥33.8 billion.
The expected completion of the transaction is July 1, 2026. Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to JP¥2,725, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 17x in the Machinery industry in Japan. Total returns to shareholders of 103% over the past three years. Declared Dividend • Dec 06
First half dividend of JP¥31.00 announced Shareholders will receive a dividend of JP¥31.00. Ex-date: 30th March 2026 Payment date: 5th June 2026 Dividend yield will be 3.3%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is covered by earnings (46% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 13% 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. EPS is expected to grow by 104% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Nov 29
Torishima Pump Mfg. Co., Ltd. to Report Q3, 2026 Results on Feb 12, 2026 Torishima Pump Mfg. Co., Ltd. announced that they will report Q3, 2026 results on Feb 12, 2026 Reported Earnings • Nov 15
Second quarter 2026 earnings released: EPS: JP¥10.00 (vs JP¥30.57 loss in 2Q 2025) Second quarter 2026 results: EPS: JP¥10.00 (up from JP¥30.57 loss in 2Q 2025). Revenue: JP¥21.4b (up 6.6% from 2Q 2025). Net income: JP¥264.0m (up JP¥1.08b from 2Q 2025). Profit margin: 1.2% (up from net loss in 2Q 2025). The move to profitability was driven by higher revenue. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Machinery industry in Japan. 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 11% per year, which means it is well ahead of earnings. Announcement • Sep 01
Torishima Pump Mfg. Co., Ltd. to Report Q2, 2026 Results on Nov 12, 2025 Torishima Pump Mfg. Co., Ltd. announced that they will report Q2, 2026 results on Nov 12, 2025 Major Estimate Revision • Aug 23
Consensus EPS estimates fall by 20% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from JP¥188 to JP¥150. Revenue forecast unchanged from JP¥89.5b at last update. Net income forecast to grow 93% next year vs 9.4% growth forecast for Machinery industry in Japan. Consensus price target of JP¥1,480 unchanged from last update. Share price was steady at JP¥2,071 over the past week. Board Change • Aug 14
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Managing Executive Officer, GM of Private-Sector Division & Director Yoshinori Hirusawa was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 08
First quarter 2026 earnings released: JP¥12.01 loss per share (vs JP¥8.65 profit in 1Q 2025) First quarter 2026 results: JP¥12.01 loss per share (down from JP¥8.65 profit in 1Q 2025). Revenue: JP¥19.9b (up 5.8% from 1Q 2025). Net loss: JP¥320.0m (down 239% from profit in 1Q 2025). Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Jul 09
Final dividend of JP¥31.00 announced Shareholders will receive a dividend of JP¥31.00. Ex-date: 29th September 2025 Payment date: 5th December 2025 Dividend yield will be 2.9%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is covered by earnings (25% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 13% 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. EPS is expected to grow by 55% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jun 27
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: JP¥153 (down from JP¥235 in FY 2024). Revenue: JP¥86.5b (up 6.7% from FY 2024). Net income: JP¥4.07b (down 35% from FY 2024). Profit margin: 4.7% (down from 7.7% in FY 2024). Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) also missed analyst estimates by 16%. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 15% per year and the company’s share price has also increased by 15% per year. Announcement • May 31
Torishima Pump Mfg. Co., Ltd. to Report Q1, 2026 Results on Aug 07, 2025 Torishima Pump Mfg. Co., Ltd. announced that they will report Q1, 2026 results on Aug 07, 2025 New Risk • May 22
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.7% Last year net profit margin: 7.7% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.7% net profit margin). Announcement • May 15
Torishima Pump Mfg. Co., Ltd. (TSE:6363) announces an Equity Buyback for 600,000 shares, representing 2.25% for ¥1,000 million. Torishima Pump Mfg. Co., Ltd. (TSE:6363) announces a share repurchase program. Under the program, the company will repurchase up to 600,000 shares, representing 2.25% of its issued share capital (excluding treasury stock), for ¥1,000 million. The purpose of the program is to acquire treasury stock flexibly in order to enhance shareholder returns and improve capital efficiency. The repurchased shares will be cancelled. The program will run until March 31, 2026. As of March 31, 2025, the company had 26,632,920 shares in issue (excluding treasury stock) and 2,412,759 shares in treasury. Announcement • May 14
Torishima Pump Mfg. Co., Ltd., Annual General Meeting, Jun 25, 2025 Torishima Pump Mfg. Co., Ltd., Annual General Meeting, Jun 25, 2025. Announcement • Apr 10
Torishima Pump Mfg. Co., Ltd. Announces Retirement of Haruhisa Sumi, Director and Member of the Audit & Supervisory Committee Torishima Pump Mfg. Co., Ltd. announced retiring director: Haruhisa Sumi, Director who is a member of the Audit & Supervisory Committee. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥1,775, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 11x in the Machinery industry in Japan. Total returns to shareholders of 87% over the past three years. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 06 June 2025. Payout ratio is a comfortable 25% but the company is not cash flow positive. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.1%). Announcement • Mar 01
Torishima Pump Mfg. Co., Ltd. to Report Fiscal Year 2025 Results on May 14, 2025 Torishima Pump Mfg. Co., Ltd. announced that they will report fiscal year 2025 results on May 14, 2025 Reported Earnings • Feb 15
Third quarter 2025 earnings released: EPS: JP¥77.14 (vs JP¥40.73 in 3Q 2024) Third quarter 2025 results: EPS: JP¥77.14 (up from JP¥40.73 in 3Q 2024). Revenue: JP¥22.1b (down 7.6% from 3Q 2024). Net income: JP¥2.06b (up 90% from 3Q 2024). Profit margin: 9.3% (up from 4.5% in 3Q 2024). Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Dec 06
Torishima Pump Mfg. Co., Ltd. to Report Q3, 2025 Results on Feb 13, 2025 Torishima Pump Mfg. Co., Ltd. announced that they will report Q3, 2025 results on Feb 13, 2025 Declared Dividend • Dec 06
First half dividend of JP¥30.00 announced Shareholders will receive a dividend of JP¥30.00. Ex-date: 28th March 2025 Payment date: 6th June 2025 Dividend yield will be 2.6%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is covered by earnings (15% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 13% 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. EPS is expected to grow by 27% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Major Estimate Revision • Dec 03
Consensus EPS estimates fall by 13%, revenue upgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from JP¥86.5b to JP¥88.0b. EPS estimate fell from JP¥207 to JP¥180 per share. Net income forecast to shrink 0.9% next year vs 15% growth forecast for Machinery industry in Japan . Consensus price target of JP¥3,820 unchanged from last update. Share price rose 3.5% to JP¥2,440 over the past week. New Risk • Nov 27
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 24% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (24% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.4% average weekly change). Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥2,431, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Machinery industry in Japan. Total returns to shareholders of 198% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,651 per share. Reported Earnings • Nov 18
First half 2025 earnings released: EPS: JP¥17.29 (vs JP¥48.86 in 1H 2024) First half 2025 results: EPS: JP¥17.29 (down from JP¥48.86 in 1H 2024). Revenue: JP¥37.6b (up 11% from 1H 2024). Net income: JP¥459.0m (down 65% from 1H 2024). Profit margin: 1.2% (down from 3.8% in 1H 2024). Revenue is forecast to grow 4.5% 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 17% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 18
Torishima Pump Mfg. Co., Ltd. to Report Q2, 2025 Results on Nov 14, 2024 Torishima Pump Mfg. Co., Ltd. announced that they will report Q2, 2025 results on Nov 14, 2024 Upcoming Dividend • Sep 20
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 04 December 2024. Payout ratio is a comfortable 23% but the company is not cash flow positive. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (2.9%). New Risk • Sep 19
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.2% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. New Risk • Sep 17
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. This is currently the only risk that has been identified for the company. New Risk • Aug 22
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.2% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Reported Earnings • Aug 13
First quarter 2025 earnings released: EPS: JP¥47.89 (vs JP¥31.96 in 1Q 2024) First quarter 2025 results: EPS: JP¥47.89 (up from JP¥31.96 in 1Q 2024). Revenue: JP¥17.5b (up 1.1% from 1Q 2024). Net income: JP¥1.27b (up 50% from 1Q 2024). Profit margin: 7.3% (up from 4.9% in 1Q 2024). Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 47% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 24% After last week's 24% share price decline to JP¥2,341, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Machinery industry in Japan. Total returns to shareholders of 191% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,692 per share. Declared Dividend • Jul 11
Final dividend of JP¥30.00 announced Shareholders will receive a dividend of JP¥30.00. Ex-date: 27th September 2024 Payment date: 4th December 2024 Dividend yield will be 1.9%, which is lower than the industry average of 2.1%. Sustainability & Growth Dividend is covered by earnings (40% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 13% 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. EPS is expected to grow by 6.6% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 28
Torishima Pump Mfg. Co., Ltd. to Report Q1, 2025 Results on Aug 08, 2024 Torishima Pump Mfg. Co., Ltd. announced that they will report Q1, 2025 results on Aug 08, 2024 Reported Earnings • May 19
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: JP¥235 (up from JP¥166 in FY 2023). Revenue: JP¥81.1b (up 25% from FY 2023). Net income: JP¥6.23b (up 41% from FY 2023). Profit margin: 7.7% (up from 6.8% in FY 2023). Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 15%. Revenue is forecast to grow 3.6% p.a. on average during the next 2 years, compared to a 4.7% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 53% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 16
Torishima Pump Mfg. Co., Ltd., Annual General Meeting, Jun 26, 2024 Torishima Pump Mfg. Co., Ltd., Annual General Meeting, Jun 26, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥28.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 10 June 2024. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.9%). Announcement • Mar 02
Torishima Pump Mfg. Co., Ltd. to Report Fiscal Year 2024 Results on May 14, 2024 Torishima Pump Mfg. Co., Ltd. announced that they will report fiscal year 2024 results on May 14, 2024 Reported Earnings • Feb 16
Third quarter 2024 earnings released: EPS: JP¥40.73 (vs JP¥23.86 in 3Q 2023) Third quarter 2024 results: EPS: JP¥40.73 (up from JP¥23.86 in 3Q 2023). Revenue: JP¥23.9b (up 55% from 3Q 2023). Net income: JP¥1.08b (up 71% from 3Q 2023). Profit margin: 4.5% (up from 4.1% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 4.4% 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 increased by 44% per year, which means it is tracking significantly ahead of earnings growth. Buying Opportunity • Dec 09
Now 20% undervalued Over the last 90 days, the stock is up 7.5%. The fair value is estimated to be JP¥2,651, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 16%. Revenue is forecast to grow by 14% in 2 years. Earnings is forecast to grow by 14% in the next 2 years. Announcement • Nov 27
Torishima Pump Mfg. Co., Ltd. to Report Q3, 2024 Results on Feb 13, 2024 Torishima Pump Mfg. Co., Ltd. announced that they will report Q3, 2024 results on Feb 13, 2024 Reported Earnings • Nov 11
Second quarter 2024 earnings released: EPS: JP¥16.92 (vs JP¥25.06 in 2Q 2023) Second quarter 2024 results: EPS: JP¥16.92 (down from JP¥25.06 in 2Q 2023). Revenue: JP¥16.5b (up 17% from 2Q 2023). Net income: JP¥449.0m (down 32% from 2Q 2023). Profit margin: 2.7% (down from 4.7% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.4% 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 16% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Oct 27
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 5 independent directors. 6 non-independent directors. Independent Outside Director Yuji Abe was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Announcement • Sep 28
Torishima Pump Mfg. Co., Ltd. to Report Q2, 2024 Results on Nov 10, 2023 Torishima Pump Mfg. Co., Ltd. announced that they will report Q2, 2024 results on Nov 10, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of JP¥28.00 per share at 2.9% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 04 December 2023. Payout ratio is a comfortable 27% but the company is paying out more than the cash it is generating. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (2.1%). New Risk • Aug 13
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 1.2% per year for the foreseeable future. Minor Risk Dividend is not well covered by cash flows (dividend per share is over 5x cash flows per share). Reported Earnings • Aug 12
First quarter 2024 earnings released: EPS: JP¥31.96 (vs JP¥5.04 in 1Q 2023) First quarter 2024 results: EPS: JP¥31.96 (up from JP¥5.04 in 1Q 2023). Revenue: JP¥17.3b (up 57% from 1Q 2023). Net income: JP¥846.0m (up JP¥713.0m from 1Q 2023). Profit margin: 4.9% (up from 1.2% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat 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 24% per year whereas the company’s share price has increased by 26% per year. Announcement • Aug 11
Torishima Pump Mfg. Co., Ltd. Provides Earning Guidance for the Fiscal Year Ending March 31, 2024 Torishima Pump Mfg. Co., Ltd. provided earning guidance for the fiscal year ending March 31, 2024. for the period the company expects net sales of ¥75,000 million; Operating income of ¥6,800 million; Net income attributable to owners of parent of ¥4,600 million or ¥172.12 per share. Announcement • Jun 28
Torishima Pump Mfg. Co., Ltd. to Report Q1, 2024 Results on Aug 10, 2023 Torishima Pump Mfg. Co., Ltd. announced that they will report Q1, 2024 results on Aug 10, 2023 Reported Earnings • May 14
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: JP¥166 (up from JP¥138 in FY 2022). Revenue: JP¥64.7b (up 24% from FY 2022). Net income: JP¥4.40b (up 22% from FY 2022). Profit margin: 6.8% (down from 6.9% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 9.9%. 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 32% per year whereas the company’s share price has increased by 34% per year. 
