Announcement • Jun 09
Morita Holdings Corporation to Report Q1, 2027 Results on Jul 31, 2026 Morita Holdings Corporation announced that they will report Q1, 2027 results on Jul 31, 2026 Board Change • Jun 05
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Outside Director Mari Kaneko was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 29
Full year 2026 earnings: EPS misses analyst expectations Full year 2026 results: EPS: JP¥225. Revenue: JP¥116.6b (up 4.3% from FY 2025). Net income: JP¥9.46b (flat on FY 2025). Profit margin: 8.1% (down from 8.5% in FY 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.7%. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Machinery industry in Japan. Announcement • Apr 29
Morita Holdings Corporation, Annual General Meeting, Jun 22, 2026 Morita Holdings Corporation, Annual General Meeting, Jun 22, 2026. Announcement • Apr 21
Morita Holdings Corporation to Report Fiscal Year 2026 Results on Apr 28, 2026 Morita Holdings Corporation announced that they will report fiscal year 2026 results on Apr 28, 2026 Buy Or Sell Opportunity • Apr 21
Now 20% overvalued Over the last 90 days, the stock has fallen 2.0% to JP¥2,823. The fair value is estimated to be JP¥2,350, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 37%. For the next 3 years, revenue is forecast to grow by 7.5% per annum. Earnings are also forecast to grow by 4.8% per annum over the same time period. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥29.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 01 June 2026. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%). Buy Or Sell Opportunity • Feb 03
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 13% to JP¥2,793. The fair value is estimated to be JP¥2,318, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 37%. Reported Earnings • Jan 31
Third quarter 2026 earnings released: EPS: JP¥49.56 (vs JP¥40.46 in 3Q 2025) Third quarter 2026 results: EPS: JP¥49.56 (up from JP¥40.46 in 3Q 2025). Revenue: JP¥24.5b (up 7.1% from 3Q 2025). Net income: JP¥2.07b (up 17% from 3Q 2025). Profit margin: 8.4% (up from 7.7% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.8% p.a. on average during the next 2 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 increased by 37% per year whereas the company’s share price has increased by 35% per year. Announcement • Dec 27
Morita Holdings Corporation to Report Q3, 2026 Results on Jan 30, 2026 Morita Holdings Corporation announced that they will report Q3, 2026 results on Jan 30, 2026 Declared Dividend • Dec 02
First half dividend of JP¥29.00 announced Shareholders will receive a dividend of JP¥29.00. Ex-date: 30th March 2026 Payment date: 1st June 2026 Dividend yield will be 2.2%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is well covered by both earnings (26% earnings payout ratio) and cash flows (22% cash payout ratio). 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 • Nov 13
Morita Holdings Corporation (TSE:6455) announces an Equity Buyback for 2,000,000 shares, representing 4.67% for ¥5,006 million. Morita Holdings Corporation (TSE:6455) announces a share repurchase program. Under the program, the company will repurchase up to 2,000,000 shares, representing 4.67% of its issued share capital, for ¥5,006 million. The repurchase price will be ¥2,503 per share. The purpose of the program is to enable the company to flexible capital policy to respond to changes in the business environment and a measure for returning value to shareholders. As of October 31, 2025, the company had 42,832,932 shares (excluding treasury stock) and 4,085,610 shares in treasury. Reported Earnings • Nov 01
Second quarter 2026 earnings released: EPS: JP¥58.15 (vs JP¥35.69 in 2Q 2025) Second quarter 2026 results: EPS: JP¥58.15 (up from JP¥35.69 in 2Q 2025). Revenue: JP¥28.9b (up 21% from 2Q 2025). Net income: JP¥2.49b (up 60% from 2Q 2025). Profit margin: 8.6% (up from 6.5% in 2Q 2025). 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 24% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥29.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 02 December 2025. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.0%). Announcement • Sep 21
Morita Holdings Corporation to Report Q2, 2026 Results on Oct 31, 2025 Morita Holdings Corporation announced that they will report Q2, 2026 results on Oct 31, 2025 Reported Earnings • Aug 02
First quarter 2026 earnings released: EPS: JP¥18.02 (vs JP¥22.76 in 1Q 2025) First quarter 2026 results: EPS: JP¥18.02 (down from JP¥22.76 in 1Q 2025). Revenue: JP¥18.3b (down 1.9% from 1Q 2025). Net income: JP¥770.0m (down 23% from 1Q 2025). Profit margin: 4.2% (down from 5.3% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Declared Dividend • Jul 09
Final dividend increased to JP¥29.00 Dividend of JP¥29.00 is 16% higher than last year. Ex-date: 29th September 2025 Payment date: 2nd December 2025 Dividend yield will be 2.9%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is well covered by both earnings (25% earnings payout ratio) and cash flows (27% cash payout ratio). 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 7.6% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Jun 25
Full year 2025 earnings released: EPS: JP¥217 (vs JP¥137 in FY 2024) Full year 2025 results: EPS: JP¥217 (up from JP¥137 in FY 2024). Revenue: JP¥111.7b (up 17% from FY 2024). Net income: JP¥9.47b (up 58% from FY 2024). Profit margin: 8.5% (up from 6.3% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Announcement • Jun 24
Morita Holdings Corporation to Report Q1, 2026 Results on Jul 31, 2025 Morita Holdings Corporation announced that they will report Q1, 2026 results on Jul 31, 2025 Reported Earnings • Apr 26
Full year 2025 earnings released: EPS: JP¥217 (vs JP¥137 in FY 2024) Full year 2025 results: EPS: JP¥217 (up from JP¥137 in FY 2024). Revenue: JP¥111.7b (up 17% from FY 2024). Net income: JP¥9.47b (up 58% from FY 2024). Profit margin: 8.5% (up from 6.3% in FY 2024). The increase in margin was driven by higher revenue. 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 20% per year. Announcement • Apr 25
Morita Holdings Corporation, Annual General Meeting, Jun 20, 2025 Morita Holdings Corporation, Annual General Meeting, Jun 20, 2025. Announcement • Mar 22
Morita Holdings Corporation to Report Fiscal Year 2025 Results on Apr 25, 2025 Morita Holdings Corporation announced that they will report fiscal year 2025 results on Apr 25, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥29.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 02 June 2025. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.1%). New Risk • Mar 20
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.5% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.6% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Announcement • Feb 27
Morita Holdings Corporation (TSE:6455) announces an Equity Buyback for 1,100,000 shares, representing 2.51% for ¥2,286.9 million. Morita Holdings Corporation (TSE:6455) announces a share repurchase program. Under the program, the company will repurchase up to 1,100,000 shares, representing 2.51% of its issued share capital, for ¥2,286.9 million. The repurchase price will be ¥2,079 per share. The purpose of the program is to enable the company to flexible capital policy to respond to changes in the business environment and a measure for returning value to shareholders. As of January 31, 2025, the company had 43,750,926 shares (excluding treasury stock) and 3,167,616 shares in treasury. Reported Earnings • Feb 01
Third quarter 2025 earnings released: EPS: JP¥40.46 (vs JP¥18.71 in 3Q 2024) Third quarter 2025 results: EPS: JP¥40.46 (up from JP¥18.71 in 3Q 2024). Revenue: JP¥22.9b (up 14% from 3Q 2024). Net income: JP¥1.77b (up 115% from 3Q 2024). Profit margin: 7.7% (up from 4.1% 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 17% per year whereas the company’s share price has increased by 20% per year. Announcement • Jan 03
Morita Holdings Corporation to Report Q3, 2025 Results on Jan 31, 2025 Morita Holdings Corporation announced that they will report Q3, 2025 results on Jan 31, 2025 Reported Earnings • Nov 02
Second quarter 2025 earnings released: EPS: JP¥35.69 (vs JP¥21.34 in 2Q 2024) Second quarter 2025 results: EPS: JP¥35.69 (up from JP¥21.34 in 2Q 2024). Revenue: JP¥24.0b (up 20% from 2Q 2024). Net income: JP¥1.56b (up 67% from 2Q 2024). Profit margin: 6.5% (up from 4.7% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (2.9%). Announcement • Sep 19
Morita Holdings Corporation to Report Q2, 2025 Results on Oct 31, 2024 Morita Holdings Corporation announced that they will report Q2, 2025 results on Oct 31, 2024 Reported Earnings • Aug 01
First quarter 2025 earnings released: EPS: JP¥22.76 (vs JP¥1.00 loss in 1Q 2024) First quarter 2025 results: EPS: JP¥22.76 (up from JP¥1.00 loss in 1Q 2024). Revenue: JP¥18.6b (up 28% from 1Q 2024). Net income: JP¥993.0m (up JP¥1.04b from 1Q 2024). Profit margin: 5.3% (up from net loss in 1Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 7% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Jun 26
Full year 2024 earnings released: EPS: JP¥137 (vs JP¥90.96 in FY 2023) Full year 2024 results: EPS: JP¥137 (up from JP¥90.96 in FY 2023). Revenue: JP¥95.2b (up 17% from FY 2023). Net income: JP¥6.01b (up 50% from FY 2023). Profit margin: 6.3% (up from 4.9% in FY 2023). 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 but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Announcement • Jun 19
Morita Holdings Corporation to Report Q1, 2025 Results on Jul 30, 2024 Morita Holdings Corporation announced that they will report Q1, 2025 results on Jul 30, 2024 Reported Earnings • May 01
Full year 2024 earnings released: EPS: JP¥137 (vs JP¥90.96 in FY 2023) Full year 2024 results: EPS: JP¥137 (up from JP¥90.96 in FY 2023). Revenue: JP¥95.2b (up 17% from FY 2023). Net income: JP¥6.01b (up 50% from FY 2023). Profit margin: 6.3% (up from 4.9% in FY 2023). 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 but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Announcement • Apr 29
Morita Holdings Corporation, Annual General Meeting, Jun 21, 2024 Morita Holdings Corporation, Annual General Meeting, Jun 21, 2024. Announcement • Mar 23
Morita Holdings Corporation to Report Fiscal Year 2024 Results on Apr 26, 2024 Morita Holdings Corporation announced that they will report fiscal year 2024 results on Apr 26, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥24.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 03 June 2024. Payout ratio is a comfortable 58% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.9%). Announcement • Feb 29
Morita Holdings Corporation (TSE:6455) announces an Equity Buyback for 350,000 shares, representing 0.8% for ¥567 million. Morita Holdings Corporation (TSE:6455) announces a share repurchase program. Under the program, the company will repurchase up to 350,000 shares, representing 0.8% of its issued share capital, for ¥ 567 million. The repurchase price will be ¥ 1,620 per share. The purpose of the program is to enable the company to flexibly implement capital policies in response to future changes in the business environment and shareholder return measures. As of January 31, 2024, the company had 43,936,338 shares (excluding treasury stock) and 2,982,204 shares in treasury. Reported Earnings • Feb 02
Third quarter 2024 earnings released: EPS: JP¥18.71 (vs JP¥6.02 in 3Q 2023) Third quarter 2024 results: EPS: JP¥18.71 (up from JP¥6.02 in 3Q 2023). Revenue: JP¥20.1b (up 29% from 3Q 2023). Net income: JP¥822.0m (up 211% from 3Q 2023). Profit margin: 4.1% (up from 1.7% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 12% 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. Announcement • Dec 24
Morita Holdings Corporation to Report Q3, 2024 Results on Jan 31, 2024 Morita Holdings Corporation announced that they will report Q3, 2024 results on Jan 31, 2024 Reported Earnings • Nov 02
Second quarter 2024 earnings released: EPS: JP¥21.34 (vs JP¥11.07 in 2Q 2023) Second quarter 2024 results: EPS: JP¥21.34 (up from JP¥11.07 in 2Q 2023). Revenue: JP¥20.0b (up 27% from 2Q 2023). Net income: JP¥937.0m (up 92% from 2Q 2023). Profit margin: 4.7% (up from 3.1% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 9% per year. Announcement • Sep 28
Morita Holdings Corporation to Report Q2, 2024 Results on Oct 31, 2023 Morita Holdings Corporation announced that they will report Q2, 2024 results on Oct 31, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of JP¥24.00 per share at 2.9% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 01 December 2023. Payout ratio is a comfortable 46% but the company is not cash flow positive. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (2.1%). Reported Earnings • Jul 29
First quarter 2024 earnings released: JP¥1.00 loss per share (vs JP¥2.81 loss in 1Q 2023) First quarter 2024 results: JP¥1.00 loss per share (improved from JP¥2.81 loss in 1Q 2023). Revenue: JP¥14.6b (up 18% from 1Q 2023). Net loss: JP¥44.0m (loss narrowed 65% from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 13% 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. Announcement • Jun 24
Morita Holdings Corporation to Report Q1, 2024 Results on Jul 28, 2023 Morita Holdings Corporation announced that they will report Q1, 2024 results on Jul 28, 2023 Reported Earnings • Apr 29
Full year 2023 earnings released: EPS: JP¥90.96 (vs JP¥118 in FY 2022) Full year 2023 results: EPS: JP¥90.96 (down from JP¥118 in FY 2022). Revenue: JP¥81.3b (down 2.7% from FY 2022). Net income: JP¥4.00b (down 25% from FY 2022). Profit margin: 4.9% (down from 6.4% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥20.00 per share at 3.1% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 07 June 2023. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.4%). Reported Earnings • Feb 01
Third quarter 2023 earnings released: EPS: JP¥6.02 (vs JP¥36.01 in 3Q 2022) Third quarter 2023 results: EPS: JP¥6.02 (down from JP¥36.01 in 3Q 2022). Revenue: JP¥15.6b (down 24% from 3Q 2022). Net income: JP¥264.0m (down 84% from 3Q 2022). Profit margin: 1.7% (down from 8.0% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year and the company’s share price has also fallen by 12% per year. Announcement • Dec 23
Morita Holdings Corporation to Report Q3, 2023 Results on Jan 31, 2023 Morita Holdings Corporation announced that they will report Q3, 2023 results on Jan 31, 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, 1 was an independent director. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Outside Director Masaki Hojo was the last independent director to join the board, commencing their role in 2020. 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 • Oct 30
Second quarter 2023 earnings released: EPS: JP¥11.07 (vs JP¥18.95 in 2Q 2022) Second quarter 2023 results: EPS: JP¥11.07 (down from JP¥18.95 in 2Q 2022). Revenue: JP¥15.7b (down 5.2% from 2Q 2022). Net income: JP¥487.0m (down 44% from 2Q 2022). Profit margin: 3.1% (down from 5.2% in 2Q 2022). The decrease in margin was driven by lower revenue. 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 12% per year. Announcement • Sep 22
Morita Holdings Corporation to Report Q2, 2023 Results on Oct 28, 2022 Morita Holdings Corporation announced that they will report Q2, 2023 results on Oct 28, 2022 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥19.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 01 December 2022. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.4%). Announcement • Aug 26
Morita Holdings Corporation (TSE:6455) announces an Equity Buyback for 500,000 shares, representing 1.13% for ¥645.5 million. Morita Holdings Corporation (TSE:6455) announces a share repurchase program. Under the program, the company will repurchase up to 500,000 shares, representing 1.13% of its share capital for ¥645.5 million. The shares will be repurchased at a price of ¥1,291 per share. The purpose of the program is to enhance the capital efficiency as part of the flexible capital policy corresponding to the changes in the business environment. The repurchase program will expire on August 26, 2022. As of July 31, 2022, the company had 44,252,193 outstanding shares excluding treasury shares and 2,666,349 shares in treasury. Reported Earnings • Jul 30
First quarter 2023 earnings released: JP¥2.81 loss per share (vs JP¥13.23 loss in 1Q 2022) First quarter 2023 results: JP¥2.81 loss per share (up from JP¥13.23 loss in 1Q 2022). Revenue: JP¥12.4b (up 19% from 1Q 2022). Net loss: JP¥124.0m (loss narrowed 79% from 1Q 2022). 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. Announcement • Jun 19
Morita Holdings Corporation to Report Q1, 2023 Results on Jul 27, 2022 Morita Holdings Corporation announced that they will report Q1, 2023 results on Jul 27, 2022 Announcement • May 02
Morita Holdings Corporation, Annual General Meeting, Jun 28, 2022 Morita Holdings Corporation, Annual General Meeting, Jun 28, 2022. Reported Earnings • Apr 30
Full year 2022 earnings released: EPS: JP¥118 (vs JP¥137 in FY 2021) Full year 2022 results: EPS: JP¥118 (down from JP¥137 in FY 2021). Revenue: JP¥83.6b (down 1.3% from FY 2021). Net income: JP¥5.35b (down 14% from FY 2021). Profit margin: 6.4% (down from 7.4% in FY 2021). Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 13% per year. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. Outside Director Masaki Hojo was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 08
Morita Holdings Corporation to Report Fiscal Year 2022 Results on Apr 28, 2022 Morita Holdings Corporation announced that they will report fiscal year 2022 results on Apr 28, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥19.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 01 June 2022. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (2.0%). Announcement • Feb 18
Morita Holdings Corporation (TSE:6455) announces an Equity Buyback for 1,500,000 shares, representing 3.29% for ¥1,887 million. Morita Holdings Corporation (TSE:6455) announces a share repurchase program. Under the program, the company will repurchase up to 1,500,000 shares, representing 3.29% of its share capital for ¥1,887 million. The shares will be repurchased at a price of ¥1,258 per share. The purpose of the program is to enhance the capital efficiency as part of the flexible capital policy corresponding to the changes in the business environment. The repurchase program will expire on February 18, 2022. As of January 31, 2022, the company had 45,573,186 outstanding shares excluding treasury shares and 1,345,356 shares in treasury. Reported Earnings • Jan 30
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥36.01 (down from JP¥49.00 in 3Q 2021). Revenue: JP¥20.5b (down 8.3% from 3Q 2021). Net income: JP¥1.64b (down 26% from 3Q 2021). Profit margin: 8.0% (down from 10.0% in 3Q 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 5% per year but the company’s share price has fallen by 11% per year, which means it is performing significantly worse than earnings. Reported Earnings • Oct 31
Second quarter 2022 earnings released: EPS JP¥18.95 (vs JP¥20.96 in 2Q 2021) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥16.6b (down 6.5% from 2Q 2021). Net income: JP¥863.0m (down 9.3% from 2Q 2021). Profit margin: 5.2% (down from 5.4% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 11% per year, which means it is performing significantly worse than earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥19.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 01 December 2021. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (1.4%). Reported Earnings • Jul 29
First quarter 2022 earnings released: JP¥13.23 loss per share (vs JP¥9.88 loss in 1Q 2021) The company reported a poor first quarter result with increased losses and weaker control over costs, although revenues were flat. First quarter 2022 results: Revenue: JP¥10.4b (flat on 1Q 2021). Net loss: JP¥601.0m (loss widened 34% from 1Q 2021). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 24
Full year 2021 earnings released: EPS JP¥137 (vs JP¥154 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥84.7b (down 2.6% from FY 2020). Net income: JP¥6.22b (down 11% from FY 2020). Profit margin: 7.4% (down from 8.0% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Reported Earnings • May 12
Full year 2021 earnings released: EPS JP¥137 (vs JP¥154 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥84.7b (down 2.6% from FY 2020). Net income: JP¥6.22b (down 11% from FY 2020). Profit margin: 7.4% (down from 8.0% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥19.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 04 June 2021. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.1%). Announcement • Mar 21
Morita Holdings Corporation to Report Fiscal Year 2021 Results on Apr 28, 2021 Morita Holdings Corporation announced that they will report fiscal year 2021 results on Apr 28, 2021 Reported Earnings • Feb 07
Third quarter 2021 earnings released: EPS JP¥49.00 (vs JP¥33.23 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥22.4b (up 11% from 3Q 2020). Net income: JP¥2.23b (up 48% from 3Q 2020). Profit margin: 10.0% (up from 7.5% in 3Q 2020). 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 but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Dec 24
Morita Holdings Corporation to Report Q3, 2021 Results on Feb 05, 2021 Morita Holdings Corporation announced that they will report Q3, 2021 results on Feb 05, 2021 Is New 90 Day High Low • Dec 01
New 90-day low: JP¥1,750 The company is down 8.0% from its price of JP¥1,902 on 02 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 15% over the same period. Announcement • Sep 04
Morita Holdings Corporation to Report Q2, 2021 Results on Oct 30, 2020 Morita Holdings Corporation announced that they will report Q2, 2021 results on Oct 30, 2020 Announcement • Jun 19
Morita Holdings Corporation to Report Q1, 2021 Results on Jul 31, 2020 Morita Holdings Corporation announced that they will report Q1, 2021 results on Jul 31, 2020 
