Reported Earnings • May 13
First quarter 2026 earnings released: EPS: JP¥27.35 (vs JP¥11.20 in 1Q 2025) First quarter 2026 results: EPS: JP¥27.35 (up from JP¥11.20 in 1Q 2025). Revenue: JP¥15.2b (up 5.9% from 1Q 2025). Net income: JP¥279.0m (up 145% from 1Q 2025). Profit margin: 1.8% (up from 0.8% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 30
Full year 2025 earnings released: EPS: JP¥943 (vs JP¥277 in FY 2024) Full year 2025 results: EPS: JP¥943 (up from JP¥277 in FY 2024). Revenue: JP¥59.5b (up 4.3% from FY 2024). Net income: JP¥9.62b (up 241% from FY 2024). Profit margin: 16% (up from 4.9% in FY 2024). Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. New Risk • Feb 18
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 31% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (31% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Feb 16
Full year 2025 earnings released: EPS: JP¥943 (vs JP¥277 in FY 2024) Full year 2025 results: EPS: JP¥943 (up from JP¥277 in FY 2024). Revenue: JP¥59.5b (up 4.3% from FY 2024). Net income: JP¥9.62b (up 241% from FY 2024). Profit margin: 16% (up from 4.9% in FY 2024). Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 37% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Feb 16
Now 22% undervalued Over the last 90 days, the stock has risen 6.1% to JP¥2,440. The fair value is estimated to be JP¥3,147, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.9% over the last 3 years. Meanwhile, the company has become profitable. Announcement • Feb 13
Miyoshi Oil & Fat Co., Ltd., Annual General Meeting, Mar 25, 2026 Miyoshi Oil & Fat Co., Ltd., Annual General Meeting, Mar 25, 2026. Announcement • Dec 27
Miyoshi Oil & Fat Co., Ltd. to Report Fiscal Year 2025 Results on Feb 13, 2026 Miyoshi Oil & Fat Co., Ltd. announced that they will report fiscal year 2025 results on Feb 13, 2026 Upcoming Dividend • Dec 22
Upcoming dividend of JP¥100.00 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 27 March 2026. Payout ratio is a comfortable 6.7% but the company is paying out more than the cash it is generating. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.1%). Buy Or Sell Opportunity • Dec 01
Now 21% undervalued Over the last 90 days, the stock has risen 13% to JP¥2,430. The fair value is estimated to be JP¥3,067, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.4% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Nov 08
Third quarter 2025 earnings released: EPS: JP¥40.38 (vs JP¥37.44 in 3Q 2024) Third quarter 2025 results: EPS: JP¥40.38 (up from JP¥37.44 in 3Q 2024). Revenue: JP¥14.2b (up 4.3% from 3Q 2024). Net income: JP¥412.0m (up 8.1% from 3Q 2024). Profit margin: 2.9% (up from 2.8% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. Declared Dividend • Oct 09
Dividend of JP¥100.00 announced Shareholders will receive a dividend of JP¥100.00. Ex-date: 29th December 2025 Payment date: 27th March 2026 Dividend yield will be 4.5%, which is higher than the industry average of 1.7%. Sustainability & Growth Dividend is covered by earnings (7% earnings payout ratio) but not covered by cash flows (156% cash payout ratio). The dividend has increased by an average of 8.8% 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 55% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Oct 08
Miyoshi Oil & Fat Co., Ltd. announces Annual dividend, payable on March 27, 2026 Miyoshi Oil & Fat Co., Ltd. announced Annual dividend of JPY 70.0000 per share payable on March 27, 2026, ex-date on December 29, 2025 and record date on December 31, 2025. Announcement • Sep 26
Miyoshi Oil & Fat Co., Ltd. to Report Q3, 2025 Results on Nov 06, 2025 Miyoshi Oil & Fat Co., Ltd. announced that they will report Q3, 2025 results on Nov 06, 2025 New Risk • Aug 07
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 25% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (25% accrual ratio). Minor Risk Dividend is not well covered by cash flows (156% cash payout ratio). Reported Earnings • Aug 05
Second quarter 2025 earnings released: EPS: JP¥846 (vs JP¥145 in 2Q 2024) Second quarter 2025 results: EPS: JP¥846 (up from JP¥145 in 2Q 2024). Revenue: JP¥15.2b (up 6.1% from 2Q 2024). Net income: JP¥8.63b (up 484% from 2Q 2024). Profit margin: 57% (up from 10% in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Aug 02
Now 20% undervalued Over the last 90 days, the stock has risen 18% to JP¥1,940. The fair value is estimated to be JP¥2,430, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.3% over the last 3 years. Earnings per share has grown by 85%. Announcement • Jun 24
Miyoshi Oil & Fat Co., Ltd. to Report Q2, 2025 Results on Aug 04, 2025 Miyoshi Oil & Fat Co., Ltd. announced that they will report Q2, 2025 results on Aug 04, 2025 Reported Earnings • May 13
First quarter 2025 earnings released: EPS: JP¥11.20 (vs JP¥90.82 in 1Q 2024) First quarter 2025 results: EPS: JP¥11.20 (down from JP¥90.82 in 1Q 2024). Revenue: JP¥14.3b (up 1.0% from 1Q 2024). Net income: JP¥114.0m (down 88% from 1Q 2024). Profit margin: 0.8% (down from 6.5% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Announcement • Apr 03
Miyoshi Oil & Fat Co., Ltd. to Report Q1, 2025 Results on May 12, 2025 Miyoshi Oil & Fat Co., Ltd. announced that they will report Q1, 2025 results on May 12, 2025 New Risk • Feb 13
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.6% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. 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: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.4% average weekly change). Large one-off items impacting financial results. Reported Earnings • Feb 12
Full year 2024 earnings released: EPS: JP¥277 (vs JP¥203 in FY 2023) Full year 2024 results: EPS: JP¥277 (up from JP¥203 in FY 2023). Revenue: JP¥57.0b (up 1.4% from FY 2023). Net income: JP¥2.82b (up 36% from FY 2023). Profit margin: 4.9% (up from 3.7% in FY 2023). Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. New Risk • Feb 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.4% 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 Share price has been volatile over the past 3 months (5.4% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (JP¥15.2b market cap, or US$99.8m). Announcement • Feb 10
Miyoshi Oil & Fat Co., Ltd., Annual General Meeting, Mar 26, 2025 Miyoshi Oil & Fat Co., Ltd., Annual General Meeting, Mar 26, 2025. Announcement • Dec 20
Miyoshi Oil & Fat Co., Ltd. to Report Fiscal Year 2024 Results on Feb 10, 2025 Miyoshi Oil & Fat Co., Ltd. announced that they will report fiscal year 2024 results on Feb 10, 2025 Upcoming Dividend • Dec 20
Upcoming dividend of JP¥60.00 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 28 March 2025. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.8%). In line with average of industry peers (2.5%). Reported Earnings • Nov 08
Third quarter 2024 earnings released: EPS: JP¥37.44 (vs JP¥65.45 in 3Q 2023) Third quarter 2024 results: EPS: JP¥37.44 (down from JP¥65.45 in 3Q 2023). Revenue: JP¥13.6b (up 2.0% from 3Q 2023). Net income: JP¥381.0m (down 43% from 3Q 2023). Profit margin: 2.8% (down from 5.0% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. New Risk • Oct 25
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥14.9b (US$98.3m) 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 Large one-off items impacting financial results. Market cap is less than US$100m (JP¥14.9b market cap, or US$98.3m). Announcement • Sep 25
Miyoshi Oil & Fat Co., Ltd. to Report Q3, 2024 Results on Nov 05, 2024 Miyoshi Oil & Fat Co., Ltd. announced that they will report Q3, 2024 results on Nov 05, 2024 Reported Earnings • Aug 07
Second quarter 2024 earnings released: EPS: JP¥145 (vs JP¥64.96 in 2Q 2023) Second quarter 2024 results: EPS: JP¥145 (up from JP¥64.96 in 2Q 2023). Revenue: JP¥14.4b (up 1.4% from 2Q 2023). Net income: JP¥1.48b (up 122% from 2Q 2023). Profit margin: 10% (up from 4.7% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 24% After last week's 24% share price decline to JP¥1,176, the stock trades at a trailing P/E ratio of 3.9x. Average trailing P/E is 16x in the Food industry in Japan. Total returns to shareholders of 2.2% over the past three years. Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥1,552, the stock trades at a trailing P/E ratio of 5.1x. Average trailing P/E is 16x in the Food industry in Japan. Total returns to shareholders of 33% over the past three years. Announcement • Jun 26
Miyoshi Oil & Fat Co., Ltd. to Report Q2, 2024 Results on Aug 05, 2024 Miyoshi Oil & Fat Co., Ltd. announced that they will report Q2, 2024 results on Aug 05, 2024 New Risk • Jun 25
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 5.6% 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 Share price has been volatile over the past 3 months (5.6% average weekly change). Market cap is less than US$100m (JP¥15.3b market cap, or US$96.1m). Reported Earnings • May 11
First quarter 2024 earnings released: EPS: JP¥90.81 (vs JP¥7.25 loss in 1Q 2023) First quarter 2024 results: EPS: JP¥90.81 (up from JP¥7.25 loss in 1Q 2023). Revenue: JP¥14.2b (up 2.4% from 1Q 2023). Net income: JP¥926.0m (up JP¥1.00b from 1Q 2023). Profit margin: 6.5% (up from net loss in 1Q 2023). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 10
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥1,435, the stock trades at a trailing P/E ratio of 7.1x. Average trailing P/E is 17x in the Food industry in Japan. Total returns to shareholders of 30% over the past three years. Announcement • Mar 26
Miyoshi Oil & Fat Co., Ltd. to Report Q1, 2024 Results on May 09, 2024 Miyoshi Oil & Fat Co., Ltd. announced that they will report Q1, 2024 results on May 09, 2024 Announcement • Feb 15
Miyoshi Oil & Fat Co., Ltd., Annual General Meeting, Mar 27, 2024 Miyoshi Oil & Fat Co., Ltd., Annual General Meeting, Mar 27, 2024. Reported Earnings • Feb 15
Full year 2023 earnings released: EPS: JP¥203 (vs JP¥26.26 loss in FY 2022) Full year 2023 results: EPS: JP¥203 (up from JP¥26.26 loss in FY 2022). Revenue: JP¥56.2b (up 6.6% from FY 2022). Net income: JP¥2.08b (up JP¥2.35b from FY 2022). Profit margin: 3.7% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. 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 1% per year. Announcement • Dec 27
Miyoshi Oil & Fat Co., Ltd. to Report Fiscal Year 2023 Results on Feb 13, 2024 Miyoshi Oil & Fat Co., Ltd. announced that they will report fiscal year 2023 results on Feb 13, 2024 Upcoming Dividend • Dec 21
Upcoming dividend of JP¥40.00 per share at 3.0% yield Eligible shareholders must have bought the stock before 28 December 2023. Payment date: 01 April 2024. Payout ratio is a comfortable 18% but the company is not cash flow positive. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.8%). Reported Earnings • Nov 07
Third quarter 2023 earnings released: EPS: JP¥65.43 (vs JP¥47.72 loss in 3Q 2022) Third quarter 2023 results: EPS: JP¥65.43 (up from JP¥47.72 loss in 3Q 2022). Revenue: JP¥13.4b (up 2.8% from 3Q 2022). Net income: JP¥669.0m (up JP¥1.16b from 3Q 2022). Profit margin: 5.0% (up from net loss in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Announcement • Sep 17
Miyoshi Oil & Fat Co., Ltd. to Report Q3, 2023 Results on Nov 06, 2023 Miyoshi Oil & Fat Co., Ltd. announced that they will report Q3, 2023 results on Nov 06, 2023 Reported Earnings • Aug 08
Second quarter 2023 earnings released: EPS: JP¥64.95 (vs JP¥12.54 loss in 2Q 2022) Second quarter 2023 results: EPS: JP¥64.95 (up from JP¥12.54 loss in 2Q 2022). Revenue: JP¥14.2b (up 3.4% from 2Q 2022). Net income: JP¥664.0m (up JP¥792.0m from 2Q 2022). Profit margin: 4.7% (up from net loss in 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance. Announcement • Jun 23
Miyoshi Oil & Fat Co., Ltd. to Report Q2, 2023 Results on Aug 07, 2023 Miyoshi Oil & Fat Co., Ltd. announced that they will report Q2, 2023 results on Aug 07, 2023 Reported Earnings • May 09
First quarter 2023 earnings released: JP¥7.25 loss per share (vs JP¥13.62 loss in 1Q 2022) First quarter 2023 results: JP¥7.25 loss per share (improved from JP¥13.62 loss in 1Q 2022). Revenue: JP¥13.8b (up 18% from 1Q 2022). Net loss: JP¥74.0m (loss narrowed 47% from 1Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 01
Full year 2022 earnings released: JP¥26.26 loss per share (vs JP¥66.27 profit in FY 2021) Full year 2022 results: JP¥26.26 loss per share (down from JP¥66.27 profit in FY 2021). Revenue: JP¥52.7b (up 11% from FY 2021). Net loss: JP¥268.0m (down 140% from profit in FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance. Announcement • Feb 15
Miyoshi Oil & Fat Co., Ltd., Annual General Meeting, Mar 29, 2023 Miyoshi Oil & Fat Co., Ltd., Annual General Meeting, Mar 29, 2023. Reported Earnings • Feb 15
Full year 2022 earnings released: JP¥26.26 loss per share (vs JP¥66.27 profit in FY 2021) Full year 2022 results: JP¥26.26 loss per share (down from JP¥66.27 profit in FY 2021). Revenue: JP¥52.7b (up 11% from FY 2021). Net loss: JP¥268.0m (down 140% from profit in FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance. Announcement • Dec 30
Miyoshi Oil & Fat Co., Ltd. to Report Fiscal Year 2022 Results on Feb 13, 2023 Miyoshi Oil & Fat Co., Ltd. announced that they will report fiscal year 2022 results on Feb 13, 2023 Upcoming Dividend • Dec 22
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 29 December 2022. Payment date: 30 March 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.7%). Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 8 highly experienced directors. No independent directors (12 non-independent directors). Exec. Officer, Head of Sales, General Manager of Oil & Director Mitsuaki Matsumaru was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Nov 09
Third quarter 2022 earnings released: JP¥47.71 loss per share (vs JP¥2.35 loss in 3Q 2021) Third quarter 2022 results: JP¥47.71 loss per share (further deteriorated from JP¥2.35 loss in 3Q 2021). Revenue: JP¥13.0b (up 15% from 3Q 2021). Net loss: JP¥487.0m (loss widened JP¥463.0m from 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 62% 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. Announcement • Sep 28
Miyoshi Oil & Fat Co., Ltd. to Report Q3, 2022 Results on Nov 07, 2022 Miyoshi Oil & Fat Co., Ltd. announced that they will report Q3, 2022 results on Nov 07, 2022 Reported Earnings • Aug 09
Second quarter 2022 earnings released: JP¥12.54 loss per share (vs JP¥32.46 profit in 2Q 2021) Second quarter 2022 results: JP¥12.54 loss per share (down from JP¥32.46 profit in 2Q 2021). Revenue: JP¥13.7b (up 15% from 2Q 2021). Net loss: JP¥128.0m (down 139% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Announcement • Jun 25
Miyoshi Oil & Fat Co., Ltd. to Report Q2, 2022 Results on Aug 08, 2022 Miyoshi Oil & Fat Co., Ltd. announced that they will report Q2, 2022 results on Aug 08, 2022 Reported Earnings • May 11
First quarter 2022 earnings released: JP¥13.62 loss per share (vs JP¥32.75 profit in 1Q 2021) First quarter 2022 results: JP¥13.62 loss per share (down from JP¥32.75 profit in 1Q 2021). Revenue: JP¥11.7b (up 3.9% from 1Q 2021). Net loss: JP¥139.0m (down 142% from profit in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 8 highly experienced directors. No independent directors (12 non-independent directors). Exec. Officer, Head of Sales, General Manager of Oil & Director Mitsuaki Matsumaru was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Announcement • Apr 08
Miyoshi Oil & Fat Co., Ltd. to Report Q1, 2022 Results on May 09, 2022 Miyoshi Oil & Fat Co., Ltd. announced that they will report Q1, 2022 results on May 09, 2022 Reported Earnings • Feb 17
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: JP¥66.26 (down from JP¥99.57 in FY 2020). Revenue: JP¥47.5b (up 10% from FY 2020). Net income: JP¥677.0m (down 34% from FY 2020). Profit margin: 1.4% (down from 2.4% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has increased by 2% per year. Announcement • Feb 16
Miyoshi Oil & Fat Co., Ltd., Annual General Meeting, Mar 29, 2022 Miyoshi Oil & Fat Co., Ltd., Annual General Meeting, Mar 29, 2022. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 29 March 2022. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.6%). Reported Earnings • Nov 05
Third quarter 2021 earnings released: JP¥2.35 loss per share (vs JP¥3.03 profit in 3Q 2020) The company reported a soft third quarter result with weaker earnings and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: JP¥11.3b (up 12% from 3Q 2020). Net loss: JP¥24.0m (down 177% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 06
Second quarter 2021 earnings released: EPS JP¥32.46 (vs JP¥33.84 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: JP¥11.9b (up 9.2% from 2Q 2020). Net income: JP¥332.0m (down 4.0% from 2Q 2020). Profit margin: 2.8% (down from 3.2% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • May 09
First quarter 2021 earnings released: EPS JP¥32.75 (vs JP¥29.54 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: JP¥11.3b (up 4.2% from 1Q 2020). Net income: JP¥335.0m (up 11% from 1Q 2020). Profit margin: 3.0% (up from 2.8% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 31
Full year 2020 earnings released: EPS JP¥99.56 (vs JP¥128 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥43.1b (down 4.1% from FY 2019). Net income: JP¥1.02b (down 22% from FY 2019). Profit margin: 2.4% (down from 2.9% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 14
Full year 2020 earnings released: EPS JP¥99.56 (vs JP¥128 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥43.1b (down 4.1% from FY 2019). Net income: JP¥1.02b (down 22% from FY 2019). Profit margin: 2.4% (down from 2.9% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Dec 28
New 90-day high: JP¥1,344 The company is up 14% from its price of JP¥1,182 on 29 September 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Food industry, which is down 5.0% over the same period. Announcement • Dec 26
Miyoshi Oil & Fat Co., Ltd. to Report Fiscal Year 2020 Results on Feb 12, 2021 Miyoshi Oil & Fat Co., Ltd. announced that they will report fiscal year 2020 results on Feb 12, 2021 Upcoming Dividend • Dec 22
Upcoming Dividend of JP¥40.00 Per Share Will be paid on the 27th of March to those who are registered shareholders by the 29th of December. The trailing yield of 3.1% is in the top quartile of Japanese dividend payers (3.0%), and it is higher than industry peers (1.5%). Is New 90 Day High Low • Dec 03
New 90-day high: JP¥1,252 The company is up 10.0% from its price of JP¥1,137 on 04 September 2020. The Japanese market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Food industry, which is down 3.0% over the same period. Announcement • Aug 30
Miyoshi Oil & Fat Co., Ltd. to Report Q3, 2020 Results on Nov 06, 2020 Miyoshi Oil & Fat Co., Ltd. announced that they will report Q3, 2020 results on Nov 06, 2020 Announcement • Jun 19
Miyoshi Oil & Fat Co., Ltd. to Report Q2, 2020 Results on Aug 06, 2020 Miyoshi Oil & Fat Co., Ltd. announced that they will report Q2, 2020 results on Aug 06, 2020 
