Board Change • Jun 25
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, none were independent directors. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Outside Director Masaru Nanbo 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 • Jun 22
Full year 2026 earnings released: EPS: JP¥84.95 (vs JP¥73.82 in FY 2025) Full year 2026 results: EPS: JP¥84.95 (up from JP¥73.82 in FY 2025). Revenue: JP¥40.6b (up 1.6% from FY 2025). Net income: JP¥1.68b (up 15% from FY 2025). Profit margin: 4.1% (up from 3.7% in FY 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 10% per year, which means it is well ahead of earnings. Announcement • Jun 03
Fukuvi Chemical Industry Co.,Ltd. to Report Q1, 2027 Results on Aug 07, 2026 Fukuvi Chemical Industry Co.,Ltd. announced that they will report Q1, 2027 results on Aug 07, 2026 Reported Earnings • May 19
Full year 2026 earnings released: EPS: JP¥84.95 (vs JP¥73.82 in FY 2025) Full year 2026 results: EPS: JP¥84.95 (up from JP¥73.82 in FY 2025). Revenue: JP¥40.6b (up 1.6% from FY 2025). Net income: JP¥1.68b (up 15% from FY 2025). Profit margin: 4.1% (up from 3.7% in FY 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Announcement • May 14
Fukuvi Chemical Industry Co.,Ltd., Annual General Meeting, Jun 18, 2026 Fukuvi Chemical Industry Co.,Ltd., Annual General Meeting, Jun 18, 2026. Announcement • May 10
Fukuvi Chemical Industry Co.,Ltd. to Report Fiscal Year 2026 Results on May 14, 2026 Fukuvi Chemical Industry Co.,Ltd. announced that they will report fiscal year 2026 results on May 14, 2026 New Risk • Apr 22
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 7.3% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.3% average weekly change). Valuation Update With 7 Day Price Move • Apr 21
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥1,053, the stock trades at a trailing P/E ratio of 12.5x. Average trailing P/E is 15x in the Building industry in Japan. Total returns to shareholders of 92% over the past three years. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥13.50 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 25 June 2026. Payout ratio is a comfortable 34% 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 (2.3%). Reported Earnings • Feb 14
Third quarter 2026 earnings released: EPS: JP¥33.14 (vs JP¥29.33 in 3Q 2025) Third quarter 2026 results: EPS: JP¥33.14 (up from JP¥29.33 in 3Q 2025). Revenue: JP¥10.7b (up 2.2% from 3Q 2025). Net income: JP¥656.0m (up 13% from 3Q 2025). Profit margin: 6.1% (up from 5.5% in 3Q 2025). The increase in margin 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 17% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Dec 12
First half dividend of JP¥13.50 announced Shareholders will receive a dividend of JP¥13.50. Ex-date: 30th March 2026 Payment date: 25th June 2026 Dividend yield will be 2.8%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is well covered by both earnings (36% earnings payout ratio) and cash flows (30% cash payout ratio). The dividend has increased by an average of 6.1% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 17% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Nov 29
Fukuvi Chemical Industry Co.,Ltd. to Report Q3, 2026 Results on Feb 12, 2026 Fukuvi Chemical Industry Co.,Ltd. announced that they will report Q3, 2026 results on Feb 12, 2026 Reported Earnings • Nov 18
Second quarter 2026 earnings released: EPS: JP¥13.59 (vs JP¥6.11 in 2Q 2025) Second quarter 2026 results: EPS: JP¥13.59 (up from JP¥6.11 in 2Q 2025). Revenue: JP¥9.89b (down 1.6% from 2Q 2025). Net income: JP¥269.0m (up 121% from 2Q 2025). Profit margin: 2.7% (up from 1.2% in 2Q 2025). 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 increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥13.50 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 11 December 2025. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.6%). Announcement • Sep 01
Fukuvi Chemical Industry Co.,Ltd. to Report Q2, 2026 Results on Nov 14, 2025 Fukuvi Chemical Industry Co.,Ltd. announced that they will report Q2, 2026 results on Nov 14, 2025 Declared Dividend • Aug 30
Dividend of JP¥13.50 announced Shareholders will receive a dividend of JP¥13.50. Ex-date: 29th September 2025 Payment date: 11th December 2025 Dividend yield will be 3.4%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is well covered by both earnings (36% earnings payout ratio) and cash flows (15% cash payout ratio). The dividend has increased by an average of 6.1% per year over the past 10 years. However, payments have been volatile during that time. 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. Reported Earnings • Aug 11
First quarter 2026 earnings released: EPS: JP¥16.88 (vs JP¥17.57 in 1Q 2025) First quarter 2026 results: EPS: JP¥16.88 (down from JP¥17.57 in 1Q 2025). Revenue: JP¥9.63b (flat on 1Q 2025). Net income: JP¥333.0m (down 4.9% from 1Q 2025). Profit margin: 3.5% (down from 3.7% in 1Q 2025). 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 14% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Jul 09
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Outside Director Masaru Nanbo was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jun 27
Fukuvi Chemical Industry Co.,Ltd. to Report Q1, 2026 Results on Aug 08, 2025 Fukuvi Chemical Industry Co.,Ltd. announced that they will report Q1, 2026 results on Aug 08, 2025 Reported Earnings • May 19
Full year 2025 earnings released: EPS: JP¥73.82 (vs JP¥85.61 in FY 2024) Full year 2025 results: EPS: JP¥73.82 (down from JP¥85.61 in FY 2024). Revenue: JP¥40.0b (flat on FY 2024). Net income: JP¥1.47b (down 14% from FY 2024). Profit margin: 3.7% (down from 4.3% in FY 2024). 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 10% per year. Announcement • May 13
Fukuvi Chemical Industry Co.,Ltd., Annual General Meeting, Jun 24, 2025 Fukuvi Chemical Industry Co.,Ltd., Annual General Meeting, Jun 24, 2025. New Risk • Apr 07
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥13.8b (US$94.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (JP¥13.8b market cap, or US$94.7m). Upcoming Dividend • Mar 21
Upcoming dividend of JP¥15.50 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 19 June 2025. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.4%). Reported Earnings • Feb 15
Third quarter 2025 earnings released: EPS: JP¥29.33 (vs JP¥37.20 in 3Q 2024) Third quarter 2025 results: EPS: JP¥29.33 (down from JP¥37.20 in 3Q 2024). Revenue: JP¥10.5b (down 2.3% from 3Q 2024). Net income: JP¥581.0m (down 22% from 3Q 2024). Profit margin: 5.5% (down from 6.9% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 11% per year. Announcement • Nov 30
Fukuvi Chemical Industry Co.,Ltd. to Report Q3, 2025 Results on Feb 13, 2025 Fukuvi Chemical Industry Co.,Ltd. announced that they will report Q3, 2025 results on Feb 13, 2025 Announcement • Nov 14
Fukuvi Chemical Industry Co.,Ltd. (TSE:7871) announces an Equity Buyback for 400,000 shares, representing 2% for ¥295.2 million. Fukuvi Chemical Industry Co.,Ltd. (TSE:7871) announces a share repurchase program. Under the program, the company will repurchase up to 400,000 shares, representing 2% of its issued share capital (excluding treasury stock) for ¥295.2 million. The shares will be purchased at ¥738 per share. The purpose of the program is to implement flexible capital policies in response to changes in the business environment, improve capital efficiency, and provide returns to shareholders. As of October 31, 2024, the company had 19,983,242 ordinary shares in issue and 705,183 ordinary shares in treasury." New Risk • Sep 27
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥14.6b (US$99.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (dividend per share is over 21x cash flows per share). Market cap is less than US$100m (JP¥14.6b market cap, or US$99.9m). Upcoming Dividend • Sep 20
Upcoming dividend of JP¥10.50 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 12 December 2024. Payout ratio is a comfortable 31% but the company is paying out more than the cash it is generating. Trailing yield: 3.6%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.5%). Announcement • Aug 28
Fukuvi Chemical Industry Co.,Ltd. to Report Q2, 2025 Results on Nov 14, 2024 Fukuvi Chemical Industry Co.,Ltd. announced that they will report Q2, 2025 results on Nov 14, 2024 Reported Earnings • Aug 14
First quarter 2025 earnings released: EPS: JP¥17.57 (vs JP¥19.04 in 1Q 2024) First quarter 2025 results: EPS: JP¥17.57 (down from JP¥19.04 in 1Q 2024). Revenue: JP¥9.56b (down 2.9% from 1Q 2024). Net income: JP¥350.0m (down 7.4% from 1Q 2024). Profit margin: 3.7% (down from 3.8% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. New Risk • Aug 05
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥13.1b (US$92.3m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (dividend per share is over 21x cash flows per share). Market cap is less than US$100m (JP¥13.1b market cap, or US$92.3m). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to JP¥660, the stock trades at a trailing P/E ratio of 7.7x. Average trailing P/E is 11x in the Building industry in Japan. Total returns to shareholders of 35% over the past three years. Reported Earnings • Jun 23
Full year 2024 earnings released: EPS: JP¥85.61 (vs JP¥73.33 in FY 2023) Full year 2024 results: EPS: JP¥85.61 (up from JP¥73.33 in FY 2023). Revenue: JP¥39.7b (flat on FY 2023). Net income: JP¥1.70b (up 15% from FY 2023). Profit margin: 4.3% (up from 3.7% in FY 2023). 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 14% per year, which means it is significantly lagging earnings growth. Announcement • Jun 06
Fukuvi Chemical Industry Co.,Ltd. to Report Q1, 2025 Results on Aug 09, 2024 Fukuvi Chemical Industry Co.,Ltd. announced that they will report Q1, 2025 results on Aug 09, 2024 Reported Earnings • May 18
Full year 2024 earnings released: EPS: JP¥85.61 (vs JP¥73.33 in FY 2023) Full year 2024 results: EPS: JP¥85.61 (up from JP¥73.33 in FY 2023). Revenue: JP¥39.7b (flat on FY 2023). Net income: JP¥1.70b (up 15% from FY 2023). Profit margin: 4.3% (up from 3.7% in FY 2023). 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 16% per year, which means it is significantly lagging earnings growth. Announcement • May 16
Fukuvi Chemical Industry Co.,Ltd., Annual General Meeting, Jun 18, 2024 Fukuvi Chemical Industry Co.,Ltd., Annual General Meeting, Jun 18, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥13.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 24 June 2024. Payout ratio is a comfortable 31% and the cash payout ratio is 98%. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (2.1%). Announcement • Mar 02
Fukuvi Chemical Industry Co.,Ltd. to Report Fiscal Year 2024 Results on May 14, 2024 Fukuvi Chemical Industry Co.,Ltd. announced that they will report fiscal year 2024 results on May 14, 2024 Reported Earnings • Feb 11
Third quarter 2024 earnings released: EPS: JP¥37.20 (vs JP¥24.72 in 3Q 2023) Third quarter 2024 results: EPS: JP¥37.20 (up from JP¥24.72 in 3Q 2023). Revenue: JP¥10.7b (up 2.1% from 3Q 2023). Net income: JP¥741.0m (up 49% from 3Q 2023). Profit margin: 6.9% (up from 4.7% in 3Q 2023). 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 18% per year, which means it is significantly lagging earnings growth. Announcement • Nov 27
Fukuvi Chemical Industry Co.,Ltd. to Report Q3, 2024 Results on Feb 09, 2024 Fukuvi Chemical Industry Co.,Ltd. announced that they will report Q3, 2024 results on Feb 09, 2024 Reported Earnings • Nov 20
Second quarter 2024 earnings released: EPS: JP¥15.26 (vs JP¥15.77 in 2Q 2023) Second quarter 2024 results: EPS: JP¥15.26 (down from JP¥15.77 in 2Q 2023). Revenue: JP¥9.73b (down 3.3% from 2Q 2023). Net income: JP¥304.0m (down 5.9% from 2Q 2023). Profit margin: 3.1% (down from 3.2% 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 24% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. New Risk • Oct 06
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥14.6b (US$98.4m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (JP¥14.6b market cap, or US$98.4m). Upcoming Dividend • Sep 21
Upcoming dividend of JP¥14.00 per share at 2.9% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 11 December 2023. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.9%). Reported Earnings • Aug 11
First quarter 2024 earnings released: EPS: JP¥19.04 (vs JP¥13.51 in 1Q 2023) First quarter 2024 results: EPS: JP¥19.04 (up from JP¥13.51 in 1Q 2023). Revenue: JP¥9.85b (up 6.0% from 1Q 2023). Net income: JP¥378.0m (up 37% from 1Q 2023). Profit margin: 3.8% (up from 3.0% in 1Q 2023). 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 17% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jun 28
Full year 2023 earnings released: EPS: JP¥73.33 (vs JP¥55.64 in FY 2022) Full year 2023 results: EPS: JP¥73.33 (up from JP¥55.64 in FY 2022). Revenue: JP¥39.6b (up 7.7% from FY 2022). Net income: JP¥1.48b (up 31% from FY 2022). Profit margin: 3.7% (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 increased by 22% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Announcement • May 28
Fukuvi Chemical Industry Co.,Ltd. to Report Q1, 2024 Results on Aug 09, 2023 Fukuvi Chemical Industry Co.,Ltd. announced that they will report Q1, 2024 results on Aug 09, 2023 Reported Earnings • May 20
Full year 2023 earnings released: EPS: JP¥73.33 (vs JP¥55.64 in FY 2022) Full year 2023 results: EPS: JP¥73.33 (up from JP¥55.64 in FY 2022). Revenue: JP¥39.6b (up 7.7% from FY 2022). Net income: JP¥1.48b (up 31% from FY 2022). Profit margin: 3.7% (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 increased by 22% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥10.00 per share at 3.3% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 26 June 2023. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.9%). Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: JP¥24.72 (vs JP¥20.17 in 3Q 2022) Third quarter 2023 results: EPS: JP¥24.72 (up from JP¥20.17 in 3Q 2022). Revenue: JP¥10.5b (up 7.3% from 3Q 2022). Net income: JP¥496.0m (up 20% from 3Q 2022). Profit margin: 4.7% (up from 4.2% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Nov 27
Fukuvi Chemical Industry Co.,Ltd. to Report Q3, 2023 Results on Feb 09, 2023 Fukuvi Chemical Industry Co.,Ltd. announced that they will report Q3, 2023 results on Feb 09, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: JP¥15.77 (vs JP¥9.59 in 2Q 2022) Second quarter 2023 results: EPS: JP¥15.77 (up from JP¥9.59 in 2Q 2022). Revenue: JP¥10.1b (up 13% from 2Q 2022). Net income: JP¥323.0m (up 65% from 2Q 2022). Profit margin: 3.2% (up from 2.2% 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 9% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 5 experienced directors. 5 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Outside Director Masaru Nanbo 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. Insufficient board refreshment. Reported Earnings • Nov 12
Second quarter 2023 earnings released: EPS: JP¥15.77 (vs JP¥9.59 in 2Q 2022) Second quarter 2023 results: EPS: JP¥15.77 (up from JP¥9.59 in 2Q 2022). Revenue: JP¥10.1b (up 13% from 2Q 2022). Net income: JP¥323.0m (up 65% from 2Q 2022). Profit margin: 3.2% (up from 2.2% 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 9% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Nov 11
Fukuvi Chemical Industry Co.,Ltd. (TSE:7871) announces an Equity Buyback for 630,000 shares, representing 3.08% for ¥400 million. Fukuvi Chemical Industry Co.,Ltd. (TSE:7871) announces a share repurchase program. Under the program, the company will repurchase up to 630,000 shares, representing 3.08% of its total shares outstanding (excluding treasury shares), for a total of ¥400 million. The shares will be repurchased at a price of ¥560 per share. The purpose of repurchase program is to improve capital efficiency, return profits to shareholders and to execute a flexible capital policy that responds to changes in the business environment. As of October 31, 2022, the company had 20,483,365 shares outstanding (excluding treasury shares) and had 205,060 shares in treasury. Announcement • Sep 28
Fukuvi Chemical Industry Co.,Ltd. to Report Q2, 2023 Results on Nov 10, 2022 Fukuvi Chemical Industry Co.,Ltd. announced that they will report Q2, 2023 results on Nov 10, 2022 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥7.50 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 12 December 2022. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.9%). Buying Opportunity • Sep 01
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 6.3%. The fair value is estimated to be JP¥731, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.4% over the last 3 years, while earnings per share has been flat. Reported Earnings • Aug 11
First quarter 2023 earnings released: EPS: JP¥13.51 (vs JP¥10.65 in 1Q 2022) First quarter 2023 results: EPS: JP¥13.51 (up from JP¥10.65 in 1Q 2022). Revenue: JP¥9.29b (up 7.3% from 1Q 2022). Net income: JP¥276.0m (up 27% from 1Q 2022). Profit margin: 3.0% (up from 2.5% 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 2% per year whereas the company’s share price has increased by 5% per year. Reported Earnings • May 16
Full year 2022 earnings released: EPS: JP¥55.64 (vs JP¥44.93 in FY 2021) Full year 2022 results: EPS: JP¥55.64 (up from JP¥44.93 in FY 2021). Revenue: JP¥36.7b (up 3.1% from FY 2021). Net income: JP¥1.14b (up 24% from FY 2021). Profit margin: 3.1% (up from 2.6% in FY 2021). 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 1% per year, which means it is well ahead of earnings. Announcement • May 14
Fukuvi Chemical Industry Co.,Ltd., Annual General Meeting, Jun 23, 2022 Fukuvi Chemical Industry Co.,Ltd., Annual General Meeting, Jun 23, 2022. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Outside Director Masaru Nanbo was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 08
Fukuvi Chemical Industry Co.,Ltd. to Report Fiscal Year 2022 Results on May 12, 2022 Fukuvi Chemical Industry Co.,Ltd. announced that they will report fiscal year 2022 results on May 12, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 17 June 2022. Payout ratio is a comfortable 37% 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 (1.8%). Reported Earnings • Feb 10
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥20.17 (up from JP¥18.94 in 3Q 2021). Revenue: JP¥9.78b (up 1.0% from 3Q 2021). Net income: JP¥412.0m (up 6.7% from 3Q 2021). Profit margin: 4.2% (up from 4.0% in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Reported Earnings • Nov 11
Second quarter 2022 earnings released: EPS JP¥9.59 (vs JP¥9.52 in 2Q 2021) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2022 results: Revenue: JP¥8.94b (up 4.7% from 2Q 2021). Net income: JP¥196.0m (up 1.0% from 2Q 2021). Profit margin: 2.2% (down from 2.3% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥7.50 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 10 December 2021. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (1.4%). Reported Earnings • Aug 12
First quarter 2022 earnings released: EPS JP¥10.65 (vs JP¥3.25 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥8.66b (up 3.8% from 1Q 2021). Net income: JP¥217.0m (up 229% from 1Q 2021). Profit margin: 2.5% (up from 0.8% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Reported Earnings • Jun 21
Full year 2021 earnings released: EPS JP¥44.93 (vs JP¥46.12 in FY 2020) The company reported a soft full year result with weaker earnings and revenues, although profit margins were improved. Full year 2021 results: Revenue: JP¥35.6b (down 14% from FY 2020). Net income: JP¥915.0m (down 3.3% from FY 2020). Profit margin: 2.6% (up from 2.3% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Reported Earnings • May 14
Full year 2021 earnings released: EPS JP¥44.93 (vs JP¥46.12 in FY 2020) The company reported a soft full year result with weaker earnings and revenues, although profit margins were improved. Full year 2021 results: Revenue: JP¥35.6b (down 14% from FY 2020). Net income: JP¥915.0m (down 3.3% from FY 2020). Profit margin: 2.6% (up from 2.3% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 19 June 2021. Trailing yield: 2.8%. Within top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.3%). Announcement • Mar 04
Fukuvi Chemical Industry Co.,Ltd. to Report Fiscal Year 2021 Results on May 12, 2021 Fukuvi Chemical Industry Co.,Ltd. announced that they will report fiscal year 2021 results on May 12, 2021 Reported Earnings • Feb 12
Third quarter 2021 earnings released: EPS JP¥18.94 (vs JP¥16.05 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¥9.68b (down 8.6% from 3Q 2020). Net income: JP¥386.0m (up 18% from 3Q 2020). Profit margin: 4.0% (up from 3.1% 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 21% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 04
New 90-day high: JP¥514 The company is up 6.0% from its price of JP¥485 on 06 November 2020. The Japanese market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Building industry, which is up 10.0% over the same period. Is New 90 Day High Low • Dec 07
New 90-day high: JP¥498 The company is up 12% from its price of JP¥443 on 08 September 2020. The Japanese market is up 10.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Building industry, which is up 16% over the same period. Announcement • Nov 29
Fukuvi Chemical Industry Co.,Ltd. to Report Q3, 2021 Results on Feb 10, 2021 Fukuvi Chemical Industry Co.,Ltd. announced that they will report Q3, 2021 results on Feb 10, 2021 Announcement • Aug 30
Fukuvi Chemical Industry Co.,Ltd. to Report Q2, 2021 Results on Nov 10, 2020 Fukuvi Chemical Industry Co.,Ltd. announced that they will report Q2, 2021 results on Nov 10, 2020 