Valuation Update With 7 Day Price Move • Jul 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥5,122, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 16x in the Machinery industry in Japan. Total returns to shareholders of 1,000% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥3,964 per share. Declared Dividend • Jul 25
Final dividend of JP¥30.00 announced Shareholders will receive a dividend of JP¥30.00. Ex-date: 29th September 2026 Payment date: 11th December 2026 Dividend yield will be 1.5%, which is lower than the industry average of 2.1%. Sustainability & Growth Dividend is well covered by both earnings (15% earnings payout ratio) and cash flows (31% cash payout ratio). The dividend has increased by an average of 4.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 4.7% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Jul 23
Now 21% overvalued Over the last 90 days, the stock has fallen 15% to JP¥4,745. The fair value is estimated to be JP¥3,926, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.6% over the last 3 years. Earnings per share has grown by 12%. For the next 3 years, revenue is forecast to grow by 4.4% per annum. Earnings are also forecast to grow by 1.5% per annum over the same time period. Announcement • Jul 12
MITSUI E&S Co., Ltd. to Report Q1, 2027 Results on Aug 03, 2026 MITSUI E&S Co., Ltd. announced that they will report Q1, 2027 results on Aug 03, 2026 Valuation Update With 7 Day Price Move • Jul 06
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to JP¥4,874, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 17x in the Machinery industry in Japan. Total returns to shareholders of 873% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥3,840 per share. Buy Or Sell Opportunity • Jul 06
Now 27% overvalued Over the last 90 days, the stock has fallen 16% to JP¥4,874. The fair value is estimated to be JP¥3,840, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.6% over the last 3 years. Earnings per share has grown by 12%. For the next 3 years, revenue is forecast to grow by 4.4% per annum. Earnings are also forecast to grow by 1.5% per annum over the same time period. Buy Or Sell Opportunity • May 21
Now 24% overvalued Over the last 90 days, the stock has fallen 44% to JP¥4,547. The fair value is estimated to be JP¥3,666, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.6% over the last 3 years. Earnings per share has grown by 12%. For the next 3 years, revenue is forecast to grow by 3.5% per annum. Earnings are also forecast to grow by 1.0% per annum over the same time period. Reported Earnings • May 18
Full year 2026 earnings: EPS exceeds analyst expectations Full year 2026 results: EPS: JP¥381 (down from JP¥385 in FY 2025). Revenue: JP¥353.2b (up 12% from FY 2025). Net income: JP¥38.5b (down 1.1% from FY 2025). Profit margin: 11% (down from 12% in FY 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 15%. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 109% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 14
MITSUI E&S Co., Ltd., Annual General Meeting, Jun 26, 2026 MITSUI E&S Co., Ltd., Annual General Meeting, Jun 26, 2026. New Risk • May 14
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 10% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risk Profit margins are more than 30% lower than last year (8.3% net profit margin). Valuation Update With 7 Day Price Move • May 14
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥4,655, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 17x in the Machinery industry in Japan. Total returns to shareholders of 862% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥3,784 per share. Announcement • Apr 09
MITSUI E&S Co., Ltd. to Report Fiscal Year 2026 Results on May 14, 2026 MITSUI E&S Co., Ltd. announced that they will report fiscal year 2026 results on May 14, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥35.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 29 June 2026. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (1.6%). Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥6,840, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 16x in the Machinery industry in Japan. Total returns to shareholders of 1,526% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥3,960 per share. Declared Dividend • Feb 12
Dividend of JP¥35.00 announced Shareholders will receive a dividend of JP¥35.00. Ex-date: 30th March 2026 Payment date: 29th June 2026 Dividend yield will be 0.7%, which is lower than the industry average of 2.1%. Payout Ratios Payout ratio: 7%. Cash payout ratio: 12%. Reported Earnings • Feb 11
Third quarter 2026 earnings: EPS and revenues exceed analyst expectations Third quarter 2026 results: EPS: JP¥77.82 (up from JP¥30.76 in 3Q 2025). Revenue: JP¥87.6b (up 19% from 3Q 2025). Net income: JP¥7.85b (up 153% from 3Q 2025). Profit margin: 9.0% (up from 4.2% in 3Q 2025). Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) also surpassed analyst estimates by 8.9%. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 156% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jan 09
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥6,439, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 16x in the Machinery industry in Japan. Total returns to shareholders of 1,645% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥3,497 per share. New Risk • Nov 20
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 27% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.1% average weekly change). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (7.2% net profit margin). Reported Earnings • Nov 14
Second quarter 2026 earnings released: EPS: JP¥102 (vs JP¥32.69 in 2Q 2025) Second quarter 2026 results: EPS: JP¥102 (up from JP¥32.69 in 2Q 2025). Revenue: JP¥84.4b (up 13% from 2Q 2025). Net income: JP¥10.3b (up 213% from 2Q 2025). Profit margin: 12% (up from 4.4% in 2Q 2025). Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has increased by 144% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Oct 23
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to JP¥5,450, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 15x in the Machinery industry in Japan. Total returns to shareholders of 1,282% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥3,496 per share. Major Estimate Revision • Oct 17
Consensus EPS estimates increase by 12% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from JP¥214 to JP¥239. Revenue forecast steady at JP¥349.0b. Net income forecast to grow 37% next year vs 11% growth forecast for Machinery industry in Japan. Consensus price target up from JP¥4,400 to JP¥5,400. Share price rose 9.6% to JP¥4,900 over the past week. Reported Earnings • Aug 07
First quarter 2026 earnings released: EPS: JP¥71.50 (vs JP¥285 in 1Q 2025) First quarter 2026 results: EPS: JP¥71.50 (down from JP¥285 in 1Q 2025). Revenue: JP¥81.2b (up 16% from 1Q 2025). Net income: JP¥7.21b (down 75% from 1Q 2025). Profit margin: 8.9% (down from 41% in 1Q 2025). Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has increased by 106% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Aug 06
Now 26% overvalued after recent price rise Over the last 90 days, the stock has risen 87% to JP¥3,500. The fair value is estimated to be JP¥2,781, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 14% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 5.1% per annum. Earnings are forecast to decline by 13% per annum over the same time period. Reported Earnings • Jul 01
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: JP¥387 (up from JP¥256 in FY 2024). Revenue: JP¥315.1b (up 4.4% from FY 2024). Net income: JP¥39.1b (up 61% from FY 2024). Profit margin: 12% (up from 8.1% in FY 2024). Revenue exceeded analyst estimates by 3.4%. Earnings per share (EPS) also surpassed analyst estimates by 4.4%. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has increased by 105% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥2,869, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 13x in the Machinery industry in Japan. Total returns to shareholders of 747% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,924 per share. Buy Or Sell Opportunity • May 30
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 49% to JP¥2,355. The fair value is estimated to be JP¥1,908, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 14% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 1.6% per annum. Earnings are forecast to decline by 32% per annum over the same time period. Reported Earnings • May 15
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: JP¥387 (up from JP¥256 in FY 2024). Revenue: JP¥315.1b (up 4.4% from FY 2024). Net income: JP¥39.1b (up 61% from FY 2024). Profit margin: 12% (up from 8.1% in FY 2024). Revenue exceeded analyst estimates by 3.4%. Earnings per share (EPS) also surpassed analyst estimates by 4.4%. Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 89% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • May 13
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 41% to JP¥2,319. The fair value is estimated to be JP¥1,858, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 25% over the last 3 years. Earnings per share has grown by 98%. For the next 3 years, revenue is forecast to grow by 2.6% per annum. Earnings are forecast to decline by 37% per annum over the same time period. Valuation Update With 7 Day Price Move • Apr 28
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥1,824, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 12x in the Machinery industry in Japan. Total returns to shareholders of 432% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,862 per share. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥1,440, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 11x in the Machinery industry in Japan. Total returns to shareholders of 330% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,850 per share. Buy Or Sell Opportunity • Apr 04
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 22% to JP¥1,440. The fair value is estimated to be JP¥1,850, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 25% over the last 3 years. Earnings per share has grown by 98%. For the next 3 years, revenue is forecast to grow by 2.6% per annum. Earnings are forecast to decline by 37% per annum over the same time period. Announcement • Mar 27
Furukawa Co.,Ltd. (TSE:5715) agreed to acquire an additional 18.10% stake in Mitsui Miike Machinery Co., Ltd. from MITSUI E&S Co., Ltd. (TSE:7003). Furukawa Co.,Ltd. (TSE:5715) agreed to acquire an additional 18.10% stake in Mitsui Miike Machinery Co., Ltd. from MITSUI E&S Co., Ltd. (TSE:7003) on March 27, 2025. Upon completion, Furukawa Co.,Ltd. will own 20% stake in Mitsui Miike Machinery Co., Ltd.
The expected completion of the transaction is April 1, 2025. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 27 June 2025. Payout ratio is a comfortable 1.0% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (2.1%). Valuation Update With 7 Day Price Move • Mar 05
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to JP¥1,897, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 13x in the Machinery industry in Japan. Total returns to shareholders of 508% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,840 per share. Announcement • Feb 28
MITSUI E&S Co., Ltd. to Report Fiscal Year 2025 Results on May 13, 2025 MITSUI E&S Co., Ltd. announced that they will report fiscal year 2025 results on May 13, 2025 Reported Earnings • Feb 13
Third quarter 2025 earnings released: EPS: JP¥30.76 (vs JP¥69.35 in 3Q 2024) Third quarter 2025 results: EPS: JP¥30.76 (down from JP¥69.35 in 3Q 2024). Revenue: JP¥73.7b (down 7.7% from 3Q 2024). Net income: JP¥3.10b (down 55% from 3Q 2024). Profit margin: 4.2% (down from 8.6% in 3Q 2024). Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has only increased by 70% per year, which means it is significantly lagging earnings growth. Announcement • Feb 12
Mitsui E&S Co., Ltd. Revises Dividend Forecast for the Fiscal Year Ending March 31, 2025 MITSUI E&S Co., Ltd. announced that it has revised its year-end dividend forecast for the fiscal year ending March 31, 2025. For the period, the company expects year-end dividend of JPY 20.00 per share compared to previously expected dividend of JPY 18.00 per share. Reasons for Revisions: The Company has revised upward profit forecasts for the fiscal year ending March 31, 2025. Based on policy, the year-end dividend for common stock for the fiscal year ending March 31, 2025, increased from the previous forecast. Buy Or Sell Opportunity • Jan 17
Now 22% undervalued Over the last 90 days, the stock has risen 34% to JP¥1,485. The fair value is estimated to be JP¥1,912, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 33% over the last 3 years. Earnings per share has grown by 90%. For the next 3 years, revenue is forecast to grow by 1.7% per annum. Earnings are forecast to decline by 31% per annum over the same time period. Buy Or Sell Opportunity • Nov 21
Now 22% undervalued Over the last 90 days, the stock has risen 32% to JP¥1,503. The fair value is estimated to be JP¥1,922, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 33% over the last 3 years. Earnings per share has grown by 90%. For the next 3 years, revenue is forecast to grow by 1.7% per annum. Earnings are forecast to decline by 31% per annum over the same time period. New Risk • Nov 15
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 2.4% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (2.4% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (8.8% average weekly change). Earnings are forecast to decline by an average of 31% per year for the foreseeable future. High level of non-cash earnings (24% accrual ratio). Minor Risk Shareholders have been diluted in the past year (3.7% increase in shares outstanding). Reported Earnings • Nov 15
Second quarter 2025 earnings released: EPS: JP¥34.61 (vs JP¥32.02 in 2Q 2024) Second quarter 2025 results: EPS: JP¥34.61 (up from JP¥32.02 in 2Q 2024). Revenue: JP¥75.0b (up 1.4% from 2Q 2024). Net income: JP¥3.49b (up 18% from 2Q 2024). Profit margin: 4.7% (up from 4.0% in 2Q 2024). Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 53% per year, which means it is significantly lagging earnings growth. Declared Dividend • Nov 14
Dividend of announced Shareholders will receive a dividend of . Sustainability & Growth Dividend is covered by earnings (0.9398% 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 decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 67% over the next 3 years. However, it would need to fall by 99% to increase the payout ratio to a potentially unsustainable range. Valuation Update With 7 Day Price Move • Nov 14
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥1,407, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 12x in the Machinery industry in Japan. Total returns to shareholders of 247% over the past three years. New Risk • Nov 10
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.7% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.0% average weekly change). Earnings are forecast to decline by an average of 30% per year for the foreseeable future. High level of non-cash earnings (25% accrual ratio). Minor Risk Shareholders have been diluted in the past year (3.7% increase in shares outstanding). Valuation Update With 7 Day Price Move • Aug 29
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥1,296, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 12x in the Machinery industry in Japan. Total returns to shareholders of 185% over the past three years. Reported Earnings • Aug 11
First quarter 2025 earnings released: EPS: JP¥285 (vs JP¥14.90 in 1Q 2024) First quarter 2025 results: EPS: JP¥285 (up from JP¥14.90 in 1Q 2024). Revenue: JP¥70.1b (up 14% from 1Q 2024). Net income: JP¥28.8b (up JP¥27.5b from 1Q 2024). Profit margin: 41% (up from 2.1% in 1Q 2024). Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Announcement • Aug 06
MITSUI E&S Co., Ltd. to Report Q3, 2025 Results on Feb 12, 2025 MITSUI E&S Co., Ltd. announced that they will report Q3, 2025 results on Feb 12, 2025 Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 36% After last week's 36% share price decline to JP¥843, the stock trades at a forward P/E ratio of 2x. Average forward P/E is 12x in the Machinery industry in Japan. Total returns to shareholders of 69% over the past three years. Buy Or Sell Opportunity • Aug 02
Now 27% undervalued after recent price drop Over the last 90 days, the stock has fallen 30% to JP¥1,143. The fair value is estimated to be JP¥1,575, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 39% over the last 3 years. Earnings per share has grown by 46%. For the next 3 years, revenue is forecast to grow by 1.9% per annum. Earnings are forecast to decline by 16% per annum over the same time period. Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥1,636, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 14x in the Machinery industry in Japan. Total returns to shareholders of 230% over the past three years. Reported Earnings • Jul 08
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: JP¥256 (up from JP¥177 in FY 2023). Revenue: JP¥301.9b (up 15% from FY 2023). Net income: JP¥24.4b (up 62% from FY 2023). Profit margin: 8.1% (up from 5.7% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 57%. Earnings per share (EPS) exceeded analyst estimates by 54%. Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Jun 28
Consensus revenue estimates decrease by 58%, EPS upgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from JP¥729.4b to JP¥308.5b. EPS estimate increased from JP¥192 to JP¥349 per share. Net income forecast to grow 45% next year vs 11% growth forecast for Machinery industry in Japan. Consensus price target up from JP¥640 to JP¥1,600. Share price was steady at JP¥1,392 over the past week. New Risk • Jun 27
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 16% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (8.5% average weekly change). Earnings are forecast to decline by an average of 16% per year for the foreseeable future. High level of non-cash earnings (28% accrual ratio). Announcement • Jun 20
MITSUI E&S Co., Ltd. to Report Q1, 2025 Results on Aug 08, 2024 MITSUI E&S Co., Ltd. announced that they will report Q1, 2025 results on Aug 08, 2024 Announcement • May 23
MITSUI E&S Co., Ltd. Provides Fiscal Year End Dividend for the Fiscal Year Ending March 31, 2025 MITSUI E&S Co., Ltd. provided fiscal year end dividend of JPY 12.00 per share for the fiscal year ending March 31, 2025 compared to JPY 5.00 per share a year ago. Reported Earnings • May 17
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: JP¥263 (up from JP¥177 in FY 2023). Revenue: JP¥301.9b (up 15% from FY 2023). Net income: JP¥25.1b (up 67% from FY 2023). Profit margin: 8.3% (up from 5.7% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 57%. Earnings per share (EPS) exceeded analyst estimates by 54%. Over the last 3 years on average, earnings per share has increased by 47% per year and the company’s share price has also increased by 47% per year. Announcement • May 16
MITSUI E&S Co., Ltd., Annual General Meeting, Jun 26, 2024 MITSUI E&S Co., Ltd., Annual General Meeting, Jun 26, 2024. Announcement • May 15
MITSUI E&S Co., Ltd. Revised Year-End Dividend Guidance for the Fiscal Year Ended March 31, 2024 MITSUI E&S Co., Ltd. announced that it has revised its year-end dividend forecast for the fiscal year ended March 31, 2024. For the period, the company expects year-end dividend of JPY 5.00 per share compared to previously expected dividend of JPY 3.00 per share.