Buy Or Sell Opportunity • May 27
Now 23% overvalued Over the last 90 days, the stock has fallen 16% to JP¥4,475. The fair value is estimated to be JP¥3,648, however this is not to be taken as a sell 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 5.0%. Reported Earnings • May 20
Full year 2026 earnings released: EPS: JP¥576 (vs JP¥567 in FY 2025) Full year 2026 results: EPS: JP¥576 (up from JP¥567 in FY 2025). Revenue: JP¥334.6b (up 11% from FY 2025). Net income: JP¥6.84b (up 1.5% from FY 2025). Profit margin: 2.0% (down from 2.2% in FY 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 7% per year. Announcement • May 15
Kyokuyo Co., Ltd., Annual General Meeting, Jun 24, 2026 Kyokuyo Co., Ltd., Annual General Meeting, Jun 24, 2026. Announcement • May 09
Kyokuyo Co., Ltd. to Report Fiscal Year 2026 Results on May 15, 2026 Kyokuyo Co., Ltd. announced that they will report fiscal year 2026 results on May 15, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥150 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 26 June 2026. Payout ratio is a comfortable 25% but the company is not cash flow positive. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.0%). Reported Earnings • Feb 07
Third quarter 2026 earnings released: EPS: JP¥241 (vs JP¥287 in 3Q 2025) Third quarter 2026 results: EPS: JP¥241 (down from JP¥287 in 3Q 2025). Revenue: JP¥100.9b (up 7.1% from 3Q 2025). Net income: JP¥2.87b (down 16% from 3Q 2025). Profit margin: 2.8% (down from 3.6% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Jan 08
Dividend of JP¥150 announced Shareholders will receive a dividend of JP¥150. Ex-date: 30th March 2026 Payment date: 26th June 2026 Dividend yield will be 3.0%, which is higher than the industry average of 1.7%. Sustainability & Growth Dividend is covered by earnings (23% 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 12% 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 16% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Jan 07
Kyokuyo Co., Ltd. announces Annual dividend, payable on June 26, 2026 Kyokuyo Co., Ltd. announced Annual dividend of JPY 150.0000 per share payable on June 26, 2026, ex-date on March 30, 2026 and record date on March 31, 2026. Announcement • Dec 09
Kyokuyo Co., Ltd. to Report Q3, 2026 Results on Feb 06, 2026 Kyokuyo Co., Ltd. announced that they will report Q3, 2026 results on Feb 06, 2026 Reported Earnings • Nov 06
Second quarter 2026 earnings released: EPS: JP¥96.57 (vs JP¥25.01 in 2Q 2025) Second quarter 2026 results: EPS: JP¥96.57 (up from JP¥25.01 in 2Q 2025). Revenue: JP¥80.0b (up 11% from 2Q 2025). Net income: JP¥1.15b (up 286% from 2Q 2025). Profit margin: 1.4% (up from 0.4% 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 8% per year, which means it is well ahead of earnings. Announcement • Sep 27
Kyokuyo Co., Ltd. to Report Q2, 2026 Results on Nov 04, 2025 Kyokuyo Co., Ltd. announced that they will report Q2, 2026 results on Nov 04, 2025 Reported Earnings • Aug 05
First quarter 2026 earnings released: EPS: JP¥140 (vs JP¥203 in 1Q 2025) First quarter 2026 results: EPS: JP¥140 (down from JP¥203 in 1Q 2025). Revenue: JP¥76.0b (up 12% from 1Q 2025). Net income: JP¥1.67b (down 31% from 1Q 2025). Profit margin: 2.2% (down from 3.5% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 6% per year. Announcement • Jul 02
Kyokuyo Co., Ltd. to Report Q1, 2026 Results on Aug 04, 2025 Kyokuyo Co., Ltd. announced that they will report Q1, 2026 results on Aug 04, 2025 Reported Earnings • May 13
Full year 2025 earnings released: EPS: JP¥567 (vs JP¥549 in FY 2024) Full year 2025 results: EPS: JP¥567 (up from JP¥549 in FY 2024). Revenue: JP¥302.7b (up 16% from FY 2024). Net income: JP¥6.74b (up 14% from FY 2024). Profit margin: 2.2% (down from 2.3% in FY 2024). 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 but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥110 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 26 June 2025. Payout ratio is a comfortable 17% but the company is not cash flow positive. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (2.6%). Announcement • Mar 18
Kyokuyo Co., Ltd. to Report Fiscal Year 2025 Results on May 12, 2025 Kyokuyo Co., Ltd. announced that they will report fiscal year 2025 results on May 12, 2025 Reported Earnings • Feb 04
Third quarter 2025 earnings released: EPS: JP¥287 (vs JP¥236 in 3Q 2024) Third quarter 2025 results: EPS: JP¥287 (up from JP¥236 in 3Q 2024). Revenue: JP¥94.3b (up 25% from 3Q 2024). Net income: JP¥3.42b (up 35% from 3Q 2024). Profit margin: 3.6% (up from 3.4% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 9% per year. Declared Dividend • Jan 06
Dividend of JP¥110 announced Shareholders will receive a dividend of JP¥110. Ex-date: 28th March 2025 Payment date: 26th June 2025 Dividend yield will be 2.7%, which is higher than the industry average of 1.7%. Sustainability & Growth Dividend is covered by earnings (18% 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 8.2% 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 15% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Dec 12
Kyokuyo Co., Ltd. to Report Q3, 2025 Results on Feb 03, 2025 Kyokuyo Co., Ltd. announced that they will report Q3, 2025 results on Feb 03, 2025 Reported Earnings • Nov 08
Second quarter 2025 earnings released: EPS: JP¥25.01 (vs JP¥58.17 in 2Q 2024) Second quarter 2025 results: EPS: JP¥25.01 (down from JP¥58.17 in 2Q 2024). Revenue: JP¥72.4b (up 14% from 2Q 2024). Net income: JP¥297.0m (down 52% from 2Q 2024). Profit margin: 0.4% (down from 1.0% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 9% per year. Announcement • Sep 04
Kyokuyo Co., Ltd. to Report Q2, 2025 Results on Nov 06, 2024 Kyokuyo Co., Ltd. announced that they will report Q2, 2025 results on Nov 06, 2024 Reported Earnings • Aug 07
First quarter 2025 earnings released: EPS: JP¥203 (vs JP¥170 in 1Q 2024) First quarter 2025 results: EPS: JP¥203 (up from JP¥170 in 1Q 2024). Revenue: JP¥68.2b (up 9.4% from 1Q 2024). Net income: JP¥2.41b (up 32% from 1Q 2024). Profit margin: 3.5% (up from 2.9% 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 7% per year and the company’s share price has also increased by 7% per year. Announcement • Jun 13
Kyokuyo Co., Ltd. (TSE:1301) agreed to acquire an unknown majority stake in Northseafood Holland B.V. Kyokuyo Co., Ltd. (TSE:1301) agreed to acquire an unknown majority stake in Northseafood Holland B.V. on June 12, 2024. Reported Earnings • May 12
Full year 2024 earnings released: EPS: JP¥549 (vs JP¥539 in FY 2023) Full year 2024 results: EPS: JP¥549 (up from JP¥539 in FY 2023). Revenue: JP¥261.6b (down 3.9% from FY 2023). Net income: JP¥5.94b (up 2.7% from FY 2023). Profit margin: 2.3% (up from 2.1% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 9% per year. Announcement • May 12
Kyokuyo Co., Ltd., Annual General Meeting, Jun 25, 2024 Kyokuyo Co., Ltd., Annual General Meeting, Jun 25, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥100.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 28 June 2024. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.7%). New Risk • Mar 05
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 9.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (8.5% operating cash flow to total debt). Minor Risk Shareholders have been diluted in the past year (9.4% increase in shares outstanding). Announcement • Mar 02
Kyokuyo Co., Ltd. to Report Fiscal Year 2024 Results on May 10, 2024 Kyokuyo Co., Ltd. announced that they will report fiscal year 2024 results on May 10, 2024 Announcement • Feb 15
Kyokuyo Co., Ltd. has filed a Follow-on Equity Offering. Kyokuyo Co., Ltd. has filed a Follow-on Equity Offering.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 1,000,000
Transaction Features: Subsequent Direct Listing Reported Earnings • Feb 04
Third quarter 2024 earnings released: EPS: JP¥236 (vs JP¥164 in 3Q 2023) Third quarter 2024 results: EPS: JP¥236 (up from JP¥164 in 3Q 2023). Revenue: JP¥75.5b (down 5.3% from 3Q 2023). Net income: JP¥2.53b (up 44% from 3Q 2023). Profit margin: 3.4% (up from 2.2% in 3Q 2023). The increase in margin was driven by lower expenses. 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 9% per year. Announcement • Feb 02
Kyokuyo Co., Ltd. Provides Year-End Dividend Guidance for the Fiscal Year Ending March 31, 2024 Kyokuyo Co., Ltd. provided year-end dividend guidance for the fiscal year ending March 31, 2024. For the year, the company expects to pay year-end dividend of JPY 100.00 per share against JPY 100.00 per share paid for the same period a year ago. Announcement • Dec 28
Kyokuyo Co., Ltd. to Report Q3, 2024 Results on Feb 02, 2024 Kyokuyo Co., Ltd. announced that they will report Q3, 2024 results on Feb 02, 2024 Reported Earnings • Nov 07
Second quarter 2024 earnings released: EPS: JP¥58.17 (vs JP¥222 in 2Q 2023) Second quarter 2024 results: EPS: JP¥58.17 (down from JP¥222 in 2Q 2023). Revenue: JP¥63.7b (down 6.8% from 2Q 2023). Net income: JP¥624.0m (down 74% from 2Q 2023). Profit margin: 1.0% (down from 3.5% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Announcement • Sep 27
Kyokuyo Co., Ltd. to Report Q2, 2024 Results on Nov 06, 2023 Kyokuyo Co., Ltd. announced that they will report Q2, 2024 results on Nov 06, 2023 Reported Earnings • Aug 06
First quarter 2024 earnings released: EPS: JP¥170 (vs JP¥170 in 1Q 2023) First quarter 2024 results: EPS: JP¥170. Revenue: JP¥62.4b (down 4.5% from 1Q 2023). Net income: JP¥1.83b (flat on 1Q 2023). Profit margin: 2.9% (up from 2.8% in 1Q 2023). The increase in margin was driven by lower expenses. Announcement • Jun 23
Kyokuyo Co., Ltd. to Report Q1, 2024 Results on Aug 04, 2023 Kyokuyo Co., Ltd. announced that they will report Q1, 2024 results on Aug 04, 2023 Reported Earnings • May 18
Full year 2023 earnings released: EPS: JP¥539 (vs JP¥431 in FY 2022) Full year 2023 results: EPS: JP¥539 (up from JP¥431 in FY 2022). Revenue: JP¥272.2b (up 7.3% from FY 2022). Net income: JP¥5.78b (up 25% from FY 2022). Profit margin: 2.1% (up from 1.8% 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 34% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥90.00 per share at 2.6% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 27 June 2023. Payout ratio is a comfortable 15% but the company is not cash flow positive. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%). Reported Earnings • Feb 04
Third quarter 2023 earnings released: EPS: JP¥164 (vs JP¥144 in 3Q 2022) Third quarter 2023 results: EPS: JP¥164 (up from JP¥144 in 3Q 2022). Revenue: JP¥79.8b (flat on 3Q 2022). Net income: JP¥1.76b (up 13% from 3Q 2022). Profit margin: 2.2% (up from 2.0% in 3Q 2022). 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 9% per year, which means it is significantly lagging earnings growth. Announcement • Dec 15
Kyokuyo Co., Ltd. to Report Q3, 2023 Results on Feb 03, 2023 Kyokuyo Co., Ltd. announced that they will report Q3, 2023 results on Feb 03, 2023 Board Change • Nov 16
Less than half of directors are independent There are 5 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: 4 independent directors. 7 non-independent directors. External Independent Director Eiji Yamada was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Nov 06
Second quarter 2023 earnings released: EPS: JP¥222 (vs JP¥117 in 2Q 2022) Second quarter 2023 results: EPS: JP¥222 (up from JP¥117 in 2Q 2022). Revenue: JP¥68.3b (up 9.5% from 2Q 2022). Net income: JP¥2.38b (up 88% from 2Q 2022). Profit margin: 3.5% (up from 2.0% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 35% 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 • Aug 07
First quarter 2023 earnings released: EPS: JP¥170 (vs JP¥109 in 1Q 2022) First quarter 2023 results: EPS: JP¥170 (up from JP¥109 in 1Q 2022). Revenue: JP¥65.3b (up 12% from 1Q 2022). Net income: JP¥1.83b (up 56% from 1Q 2022). Profit margin: 2.8% (up from 2.0% 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 29% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 16
Full year 2022 earnings released: EPS: JP¥431 (vs JP¥357 in FY 2021) Full year 2022 results: EPS: JP¥431 (up from JP¥357 in FY 2021). Revenue: JP¥253.6b (up 1.8% from FY 2021). Net income: JP¥4.63b (up 21% from FY 2021). Profit margin: 1.8% (up from 1.5% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥80.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 28 June 2022. Payout ratio is a comfortable 19% but the company is paying out more than the cash it is generating. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.7%). Reported Earnings • Feb 07
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥144 (down from JP¥153 in 3Q 2021). Revenue: JP¥79.6b (up 2.7% from 3Q 2021). Net income: JP¥1.55b (down 5.6% from 3Q 2021). Profit margin: 2.0% (down from 2.1% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 07
Second quarter 2022 earnings released: EPS JP¥117 (vs JP¥94.08 in 2Q 2021) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were flat. Second quarter 2022 results: Revenue: JP¥62.4b (flat on 2Q 2021). Net income: JP¥1.26b (up 25% from 2Q 2021). Profit margin: 2.0% (up from 1.6% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 09
First quarter 2022 earnings released: EPS JP¥109 (vs JP¥52.60 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥58.5b (up 7.6% from 1Q 2021). Net income: JP¥1.18b (up 108% from 1Q 2021). Profit margin: 2.0% (up from 1.0% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • May 17
Full year 2021 earnings released: EPS JP¥357 (vs JP¥189 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥249.2b (down 5.1% from FY 2020). Net income: JP¥3.84b (up 88% from FY 2020). Profit margin: 1.5% (up from 0.8% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥70.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 25 June 2021. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.5%). Is New 90 Day High Low • Mar 09
New 90-day high: JP¥3,165 The company is up 12% from its price of JP¥2,820 on 09 December 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Food industry, which is up 3.0% over the same period. Is New 90 Day High Low • Feb 08
New 90-day high: JP¥3,140 The company is up 12% from its price of JP¥2,793 on 10 November 2020. The Japanese market is also up 12% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Food industry, which is up 1.0% over the same period. Reported Earnings • Feb 07
Third quarter 2021 earnings released: EPS JP¥153 (vs JP¥95.11 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: JP¥77.5b (down 1.3% from 3Q 2020). Net income: JP¥1.65b (up 60% from 3Q 2020). Profit margin: 2.1% (up from 1.3% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 7% per year. Is New 90 Day High Low • Jan 06
New 90-day high: JP¥2,990 The company is up 7.0% from its price of JP¥2,786 on 08 October 2020. The Japanese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Food industry, which is down 2.0% over the same period. Is New 90 Day High Low • Dec 14
New 90-day high: JP¥2,888 The company is up 6.0% from its price of JP¥2,727 on 15 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Food industry, which is down 1.0% over the same period. 
