Reported Earnings • May 20
Full year 2026 earnings released: EPS: JP¥39.02 (vs JP¥31.82 in FY 2025) Full year 2026 results: EPS: JP¥39.02 (up from JP¥31.82 in FY 2025). Revenue: JP¥58.9b (down 1.5% from FY 2025). Net income: JP¥1.63b (up 20% from FY 2025). Profit margin: 2.8% (up from 2.3% in FY 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Announcement • May 16
Nac Co., Ltd. (TSE:9788) announces an Equity Buyback for 1,600,000 shares, representing 3.8% for ¥820 million. Nac Co., Ltd. (TSE:9788) announces a share repurchase program. Under the program, the company will repurchase up to 1,600,000 shares, representing 3.8% of its share capital, for ¥820 million. The shares will be repurchased at a price of ¥512 per share. The purpose of the program is to increase corporate value through improved capital efficiency, to use treasury stock for M&A and as part of company's consideration of expanding our stock-based compensation plan. Repurchases will take place on May 18, 2026. As of March 31, 2026, the company had 42,096,473 shares in issue (excluding treasury stock) and 4,517,027 shares in treasury. Announcement • May 15
Nac Co., Ltd., Annual General Meeting, Jun 26, 2026 Nac Co., Ltd., Annual General Meeting, Jun 26, 2026. Announcement • May 10
Nac Co., Ltd. to Report Fiscal Year 2026 Results on May 15, 2026 Nac Co., Ltd. announced that they will report fiscal year 2026 results on May 15, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥17.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 30 June 2026. Payout ratio is on the higher end at 83%, however this is supported by cash flows. Trailing yield: 4.1%. Within 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¥12.84 (vs JP¥22.30 in 3Q 2025) Third quarter 2026 results: EPS: JP¥12.84 (down from JP¥22.30 in 3Q 2025). Revenue: JP¥14.8b (down 10% from 3Q 2025). Net income: JP¥537.0m (down 44% from 3Q 2025). Profit margin: 3.6% (down from 5.8% in 3Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Announcement • Dec 27
Nac Co., Ltd. to Report Q3, 2026 Results on Feb 06, 2026 Nac Co., Ltd. announced that they will report Q3, 2026 results on Feb 06, 2026 Declared Dividend • Dec 03
First half dividend of JP¥17.00 announced Shareholders will receive a dividend of JP¥17.00. Ex-date: 30th March 2026 Payment date: 30th June 2026 Dividend yield will be 4.2%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (60% earnings payout ratio) and cash flows (54% cash payout ratio). The dividend has increased by an average of 1.5% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 33% to shift the payout ratio to a potentially unsustainable range, which is more than the 6.9% EPS decline seen over the last 5 years. Reported Earnings • Nov 08
Second quarter 2026 earnings released: EPS: JP¥7.32 (vs JP¥7.24 in 2Q 2025) Second quarter 2026 results: EPS: JP¥7.32. Revenue: JP¥14.3b (down 5.9% from 2Q 2025). Net income: JP¥306.0m (down 1.9% from 2Q 2025). Profit margin: 2.1% (in line with 2Q 2025). Upcoming Dividend • Sep 22
Upcoming dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 03 December 2025. Payout ratio is a comfortable 61% and this is well supported by cash flows. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.1%). Announcement • Sep 14
Nac Co., Ltd. to Report Q2, 2026 Results on Nov 07, 2025 Nac Co., Ltd. announced that they will report Q2, 2026 results on Nov 07, 2025 Reported Earnings • Aug 08
First quarter 2026 earnings released: JP¥0.60 loss per share (vs JP¥4.76 loss in 1Q 2025) First quarter 2026 results: JP¥0.60 loss per share (improved from JP¥4.76 loss in 1Q 2025). Revenue: JP¥13.1b (up 3.5% from 1Q 2025). Net loss: JP¥25.0m (loss narrowed 88% from 1Q 2025). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Declared Dividend • Jul 09
Final dividend of JP¥5.00 announced Shareholders will receive a dividend of JP¥5.00. Ex-date: 29th September 2025 Payment date: 3rd December 2025 Dividend yield will be 4.0%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (54% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 23% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Jun 27
Nac Co., Ltd. to Report Q1, 2026 Results on Aug 07, 2025 Nac Co., Ltd. announced that they will report Q1, 2026 results on Aug 07, 2025 Reported Earnings • May 20
Full year 2025 earnings released: EPS: JP¥31.80 (vs JP¥33.20 in FY 2024) Full year 2025 results: EPS: JP¥31.80 (down from JP¥33.20 in FY 2024). Revenue: JP¥59.8b (up 9.8% from FY 2024). Net income: JP¥1.37b (down 4.9% from FY 2024). Profit margin: 2.3% (down from 2.6% in FY 2024). 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 7% per year, which means it is well ahead of earnings. Announcement • May 15
Nac Co., Ltd., Annual General Meeting, Jun 27, 2025 Nac Co., Ltd., Annual General Meeting, Jun 27, 2025. Announcement • Mar 27
Nac Co., Ltd. to Report Fiscal Year 2025 Results on May 15, 2025 Nac Co., Ltd. announced that they will report fiscal year 2025 results on May 15, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥17.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 30 June 2025. Payout ratio is a comfortable 54% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.1%). Reported Earnings • Feb 08
Third quarter 2025 earnings released: EPS: JP¥22.30 (vs JP¥12.64 in 3Q 2024) Third quarter 2025 results: EPS: JP¥22.30 (up from JP¥12.64 in 3Q 2024). Revenue: JP¥16.6b (up 19% from 3Q 2024). Net income: JP¥961.0m (up 77% from 3Q 2024). Profit margin: 5.8% (up from 3.9% 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 2% per year whereas the company’s share price has increased by 7% per year. Announcement • Feb 07
Nac Co., Ltd. (TSE:9788) announces an Equity Buyback for 1,600,000 shares, representing 3.43% for ¥1,000 million. Nac Co., Ltd. (TSE:9788) announces a share repurchase program. Under the program, the company will repurchase up to 1,600,000 shares, representing 3.43% of its share capital, for ¥1,000 million. The shares will be repurchased at a price of ¥607 per share. The purpose of the program is to increase corporate value through improved capital efficiency, to use treasury stock for M&A and as part of company's consideration of expanding our stock-based compensation plan. As of December 31, 2024, the company had 46,613,500 shares in issue (excluding treasury stock) and 3,510,019 shares in treasury. Announcement • Dec 19
Nac Co., Ltd. to Report Q3, 2025 Results on Feb 07, 2025 Nac Co., Ltd. announced that they will report Q3, 2025 results on Feb 07, 2025 Declared Dividend • Dec 04
First half dividend of JP¥17.00 announced Shareholders will receive a dividend of JP¥17.00. Ex-date: 28th March 2025 Payment date: 30th June 2025 Dividend yield will be 3.8%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (55% earnings payout ratio) and cash flows (50% cash payout ratio). The dividend has increased by an average of 2.0% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 3.7% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. New Risk • Nov 13
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: 2.2% Last year net profit margin: 3.6% 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. Profit margins are more than 30% lower than last year (2.2% net profit margin). Reported Earnings • Nov 13
Second quarter 2025 earnings released: EPS: JP¥7.24 (vs JP¥12.19 in 2Q 2024) Second quarter 2025 results: EPS: JP¥7.24 (down from JP¥12.19 in 2Q 2024). Revenue: JP¥15.2b (up 9.5% from 2Q 2024). Net income: JP¥312.0m (down 41% from 2Q 2024). Profit margin: 2.1% (down from 3.8% 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 4% per year whereas the company’s share price has increased by 7% per year. Announcement • Sep 27
Nac Co., Ltd. to Report Q2, 2025 Results on Nov 11, 2024 Nac Co., Ltd. announced that they will report Q2, 2025 results on Nov 11, 2024 Upcoming Dividend • Sep 20
Upcoming dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 04 December 2024. Payout ratio is a comfortable 61% but the company is not cash flow positive. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.0%). Buy Or Sell Opportunity • Sep 12
Now 22% overvalued Over the last 90 days, the stock has fallen 3.5% to JP¥549. The fair value is estimated to be JP¥451, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 9.1%. Buy Or Sell Opportunity • Aug 14
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 5.0% to JP¥551. The fair value is estimated to be JP¥453, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 9.1%. Reported Earnings • Aug 09
First quarter 2025 earnings released: JP¥4.76 loss per share (vs JP¥5.55 loss in 1Q 2024) First quarter 2025 results: JP¥4.76 loss per share (improved from JP¥5.55 loss in 1Q 2024). Revenue: JP¥12.6b (up 5.8% from 1Q 2024). Net loss: JP¥205.0m (loss narrowed 16% from 1Q 2024). 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 5% per year. Declared Dividend • Jul 11
Final dividend of JP¥5.00 announced Shareholders will receive a dividend of JP¥5.00. Ex-date: 27th September 2024 Payment date: 4th December 2024 Dividend yield will be 3.5%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (55% 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 2.3% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 11% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Jun 28
Nac Co., Ltd. to Report Q1, 2025 Results on Aug 06, 2024 Nac Co., Ltd. announced that they will report Q1, 2025 results on Aug 06, 2024 Announcement • May 29
Nac Co., Ltd. (TSE:9788) acquired Shuwa Juken, K.K. from Yoshikatsu Gomura. Nac Co., Ltd. (TSE:9788) acquired Shuwa Juken, K.K. from Yoshikatsu Gomura on May 20, 2024. Shuwa Juken, K.K. Reported Sales of ¥2.5 billion, Total assets of ¥1.8 billion, EBIT of ¥32 million and Net income of ¥26 million as on FY June 2023.Nac Co., Ltd. (TSE:9788) completed the acquisition of Shuwa Juken, K.K. from Yoshikatsu Gomura on May 24, 2024. Reported Earnings • May 20
Full year 2024 earnings released: EPS: JP¥41.67 (vs JP¥44.57 in FY 2023) Full year 2024 results: EPS: JP¥41.67 (down from JP¥44.57 in FY 2023). Revenue: JP¥55.0b (down 3.7% from FY 2023). Net income: JP¥1.80b (down 10.0% from FY 2023). Profit margin: 3.3% (down from 3.5% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • May 17
Nac Co., Ltd., Annual General Meeting, Jun 27, 2024 Nac Co., Ltd., Annual General Meeting, Jun 27, 2024. Announcement • Mar 28
Nac Co., Ltd. to Report Fiscal Year 2024 Results on May 15, 2024 Nac Co., Ltd. announced that they will report fiscal year 2024 results on May 15, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥16.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 55% and this is well supported by cash flows. Trailing yield: 3.4%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.8%). Reported Earnings • Feb 10
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: JP¥13.9b (down 6.2% from 3Q 2023). Net income: JP¥544.0m (down 7.3% from 3Q 2023). Profit margin: 3.9% (down from 4.0% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Jan 06
Nac Co., Ltd. to Report Q3, 2024 Results on Feb 09, 2024 Nac Co., Ltd. announced that they will report Q3, 2024 results on Feb 09, 2024 Reported Earnings • Nov 09
Second quarter 2024 earnings released: EPS: JP¥24.37 (vs JP¥22.88 in 2Q 2023) Second quarter 2024 results: EPS: JP¥24.37 (up from JP¥22.88 in 2Q 2023). Revenue: JP¥13.9b (down 3.5% from 2Q 2023). Net income: JP¥524.0m (up 1.9% from 2Q 2023). Profit margin: 3.8% (up from 3.6% in 2Q 2023). 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 increased by 1% per year. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥10.00 per share at 4.3% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 05 December 2023. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 4.3%. Within top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.9%). Announcement • Sep 02
Nac Co., Ltd. to Report Q2, 2024 Results on Nov 08, 2023 Nac Co., Ltd. announced that they will report Q2, 2024 results on Nov 08, 2023 Reported Earnings • Aug 08
First quarter 2024 earnings released: JP¥11.11 loss per share (vs JP¥11.59 loss in 1Q 2023) First quarter 2024 results: JP¥11.11 loss per share (improved from JP¥11.59 loss in 1Q 2023). Revenue: JP¥11.9b (up 2.0% from 1Q 2023). Net loss: JP¥244.0m (loss narrowed 6.2% from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Announcement • Jun 11
Nac Co., Ltd. to Report Q1, 2024 Results on Aug 04, 2023 Nac Co., Ltd. announced that they will report Q1, 2024 results on Aug 04, 2023 Reported Earnings • May 20
Full year 2023 earnings released: EPS: JP¥89.13 (vs JP¥76.15 in FY 2022) Full year 2023 results: EPS: JP¥89.13 (up from JP¥76.15 in FY 2022). Revenue: JP¥57.1b (up 3.9% from FY 2022). Net income: JP¥2.00b (up 17% from FY 2022). Profit margin: 3.5% (up from 3.1% in FY 2022). The increase in margin was driven by higher revenue. 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. Announcement • May 16
Nac Co., Ltd. (TSE:9788) announces an Equity Buyback for 1,300,000 shares, representing 5.79% for ¥1,300 million. Nac Co., Ltd. (TSE:9788) announces a share repurchase program. Under the program, the company will repurchase up to 1,300,000 shares, representing 5.79% of its share capital, for ¥1,300 million. The shares will be repurchased at a price of ¥967 per share. The repurchased shares will be canceled. The program will expire on May 16, 2023. As of March 31, 2023, the company had 22,471,409 shares in issue (excluding treasury stock) and 1,835,341 shares in treasury. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥30.00 per share at 4.0% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 47% but the company is paying out more than the cash it is generating. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.2%). Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: JP¥26.12 (vs JP¥24.06 in 3Q 2022) Third quarter 2023 results: EPS: JP¥26.12 (up from JP¥24.06 in 3Q 2022). Revenue: JP¥14.8b (up 8.0% from 3Q 2022). Net income: JP¥587.0m (up 8.7% from 3Q 2022). Profit margin: 4.0% (up from 3.9% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 3% per year. Announcement • Dec 21
Nac Co., Ltd. to Report Q3, 2023 Results on Feb 09, 2023 Nac Co., Ltd. announced that they will report Q3, 2023 results on Feb 09, 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, 2 were independent directors. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Outside Director Kenichi Miyajima 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 10
Second quarter 2023 earnings released: EPS: JP¥22.88 (vs JP¥24.25 in 2Q 2022) Second quarter 2023 results: EPS: JP¥22.88 (down from JP¥24.25 in 2Q 2022). Revenue: JP¥14.4b (up 1.2% from 2Q 2022). Net income: JP¥514.0m (down 5.5% from 2Q 2022). Profit margin: 3.6% (down from 3.8% in 2Q 2022). The decrease in margin was driven by higher expenses. 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 5% per year, which means it is significantly lagging earnings. Announcement • Sep 23
Nac Co., Ltd. to Report Q2, 2023 Results on Nov 08, 2022 Nac Co., Ltd. announced that they will report Q2, 2023 results on Nov 08, 2022 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 05 December 2022. Payout ratio is a comfortable 62% 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 (2.3%). Reported Earnings • Aug 07
First quarter 2023 earnings released: JP¥11.59 loss per share (vs JP¥3.08 profit in 1Q 2022) First quarter 2023 results: JP¥11.59 loss per share (down from JP¥3.08 profit in 1Q 2022). Revenue: JP¥11.7b (down 2.4% from 1Q 2022). Net loss: JP¥260.0m (down 477% from profit in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Jun 01
Nac Co., Ltd. to Report Q1, 2023 Results on Aug 05, 2022 Nac Co., Ltd. announced that they will report Q1, 2023 results on Aug 05, 2022 Reported Earnings • May 19
Full year 2022 earnings released: EPS: JP¥76.15 (vs JP¥81.99 in FY 2021) Full year 2022 results: EPS: JP¥76.15 (down from JP¥81.99 in FY 2021). Revenue: JP¥54.9b (down 1.1% from FY 2021). Net income: JP¥1.71b (down 7.0% from FY 2021). Profit margin: 3.1% (down from 3.3% in FY 2021). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • May 18
Nac Co., Ltd., Annual General Meeting, Jun 29, 2022 Nac Co., Ltd., Annual General Meeting, Jun 29, 2022. Board Change • Apr 27
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 Kenichi Miyajima was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 08
Nac Co., Ltd. to Report Fiscal Year 2022 Results on May 13, 2022 Nac Co., Ltd. announced that they will report fiscal year 2022 results on May 13, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥28.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 30 June 2022. Payout ratio is a comfortable 51% 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 (2.1%). Reported Earnings • Feb 09
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥24.06 (up from JP¥11.74 in 3Q 2021). Revenue: JP¥13.7b (down 1.4% from 3Q 2021). Net income: JP¥540.0m (up 105% from 3Q 2021). Profit margin: 3.9% (up from 1.9% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 07
Second quarter 2022 earnings released: EPS JP¥24.25 (vs JP¥27.54 in 2Q 2021) The company reported a poor second quarter result with weaker earnings and profit margins, although revenues were flat. Second quarter 2022 results: Revenue: JP¥14.2b (flat on 2Q 2021). Net income: JP¥544.0m (down 12% from 2Q 2021). Profit margin: 3.8% (down from 4.3% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥9.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 04 December 2021. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (1.9%). Reported Earnings • Aug 05
First quarter 2022 earnings released: EPS JP¥3.08 (vs JP¥23.75 in 1Q 2021) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥12.0b (down 5.8% from 1Q 2021). Net income: JP¥69.0m (down 87% from 1Q 2021). Profit margin: 0.6% (down from 4.2% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • May 17
Full year 2021 earnings released: EPS JP¥81.99 (vs JP¥22.94 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¥55.5b (down 37% from FY 2020). Net income: JP¥1.84b (up 257% from FY 2020). Profit margin: 3.3% (up from 0.6% 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 98% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥27.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 29 June 2021. Trailing yield: 3.6%. Within top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.8%). Is New 90 Day High Low • Mar 15
New 90-day high: JP¥1,009 The company is up 8.0% from a price of JP¥930 on 15 December 2020. Underperformed the Japanese market, which is up 9.0% over the last 90 days. Exceeded the Commercial Services industry, which is up 6.0% over the same period. Reported Earnings • Feb 10
Third quarter 2021 earnings released: EPS JP¥11.74 (vs JP¥6.07 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¥13.9b (down 32% from 3Q 2020). Net income: JP¥263.0m (up 93% from 3Q 2020). Profit margin: 1.9% (up from 0.7% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Feb 08
New 90-day high: JP¥984 The company is up 5.0% from its price of JP¥935 on 10 November 2020. The Japanese market is up 12% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Commercial Services industry, which is also up 5.0% over the same period. Announcement • Jan 07
Nac Co., Ltd. to Report Q3, 2021 Results on Feb 08, 2021 Nac Co., Ltd. announced that they will report Q3, 2021 results on Feb 08, 2021 Announcement • Oct 10
Nac Co., Ltd. to Report Q2, 2021 Results on Nov 09, 2020 Nac Co., Ltd. announced that they will report Q2, 2021 results on Nov 09, 2020 Announcement • Jun 21
Nac Co., Ltd. to Report Q1, 2021 Results on Aug 07, 2020 Nac Co., Ltd. announced that they will report Q1, 2021 results on Aug 07, 2020 
