New Risk • Aug 07
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥15.8b (US$99.7m) 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 Paying a dividend despite having no free cash flows. Market cap is less than US$100m (JP¥15.8b market cap, or US$99.7m). Reported Earnings • Aug 04
First quarter 2027 earnings released: EPS: JP¥46.51 (vs JP¥77.31 in 1Q 2026) First quarter 2027 results: EPS: JP¥46.51 (down from JP¥77.31 in 1Q 2026). Revenue: JP¥7.88b (down 4.2% from 1Q 2026). Net income: JP¥379.0m (down 40% from 1Q 2026). Profit margin: 4.8% (down from 7.6% in 1Q 2026). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Jun 30
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 7.1% to JP¥2,019. The fair value is estimated to be JP¥1,678, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 15%. Announcement • Jun 01
Ifuji Sangyo Co., Ltd. to Report Q1, 2027 Results on Aug 03, 2026 Ifuji Sangyo Co., Ltd. announced that they will report Q1, 2027 results on Aug 03, 2026 Reported Earnings • May 08
Full year 2026 earnings released: EPS: JP¥246 (vs JP¥255 in FY 2025) Full year 2026 results: EPS: JP¥246 (down from JP¥255 in FY 2025). Revenue: JP¥32.6b (up 27% from FY 2025). Net income: JP¥2.00b (down 4.7% from FY 2025). Profit margin: 6.1% (down from 8.2% in FY 2025). 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 increased by 23% per year, which means it is tracking significantly ahead of earnings growth. 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 30% but the company is paying out more than the cash it is generating. Trailing yield: 3.6%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.0%). New Risk • Mar 13
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥15.9b (US$99.5m) 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 (118% cash payout ratio). Market cap is less than US$100m (JP¥15.9b market cap, or US$99.5m). Reported Earnings • Feb 14
Third quarter 2026 earnings released: EPS: JP¥59.27 (vs JP¥74.50 in 3Q 2025) Third quarter 2026 results: EPS: JP¥59.27 (down from JP¥74.50 in 3Q 2025). Revenue: JP¥8.73b (up 19% from 3Q 2025). Net income: JP¥483.0m (down 22% from 3Q 2025). Profit margin: 5.5% (down from 8.4% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 29
Ifuji Sangyo Co., Ltd. to Report Q3, 2026 Results on Feb 12, 2026 Ifuji Sangyo Co., Ltd. announced that they will report Q3, 2026 results on Feb 12, 2026 Reported Earnings • Nov 17
Second quarter 2026 earnings released: EPS: JP¥49.96 (vs JP¥59.20 in 2Q 2025) Second quarter 2026 results: EPS: JP¥49.96 (down from JP¥59.20 in 2Q 2025). Revenue: JP¥7.81b (up 33% from 2Q 2025). Net income: JP¥407.0m (down 17% from 2Q 2025). Profit margin: 5.2% (down from 8.3% in 2Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥32.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 10 December 2025. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.1%). Announcement • Sep 01
Ifuji Sangyo Co., Ltd. to Report Q2, 2026 Results on Nov 13, 2025 Ifuji Sangyo Co., Ltd. announced that they will report Q2, 2026 results on Nov 13, 2025 Board Change • Aug 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 Masahiro Nakagawa was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 07
First quarter 2026 earnings released: EPS: JP¥77.31 (vs JP¥65.96 in 1Q 2025) First quarter 2026 results: EPS: JP¥77.31 (up from JP¥65.96 in 1Q 2025). Revenue: JP¥8.23b (up 58% from 1Q 2025). Net income: JP¥629.0m (up 15% from 1Q 2025). Profit margin: 7.6% (down from 11% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 31
Ifuji Sangyo Co., Ltd. to Report Q1, 2026 Results on Aug 05, 2025 Ifuji Sangyo Co., Ltd. announced that they will report Q1, 2026 results on Aug 05, 2025 Reported Earnings • May 08
Full year 2025 earnings released: EPS: JP¥255 (vs JP¥193 in FY 2024) Full year 2025 results: EPS: JP¥255 (up from JP¥193 in FY 2024). Revenue: JP¥25.6b (up 4.3% from FY 2024). Net income: JP¥2.10b (up 32% from FY 2024). Profit margin: 8.2% (up from 6.5% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 26% per year. Announcement • May 07
Ifuji Sangyo Co., Ltd., Annual General Meeting, Jun 26, 2025 Ifuji Sangyo Co., Ltd., Annual General Meeting, Jun 26, 2025. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥2,094, the stock trades at a trailing P/E ratio of 9.7x. Average trailing P/E is 16x in the Food industry in Japan. Total returns to shareholders of 139% over the past three years. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 27 June 2025. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (2.6%). Valuation Update With 7 Day Price Move • Mar 17
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥1,980, the stock trades at a trailing P/E ratio of 9.2x. Average trailing P/E is 16x in the Food industry in Japan. Total returns to shareholders of 115% over the past three years. Announcement • Mar 04
Ifuji Sangyo Co., Ltd. to Report Fiscal Year 2025 Results on May 07, 2025 Ifuji Sangyo Co., Ltd. announced that they will report fiscal year 2025 results on May 07, 2025 Reported Earnings • Feb 14
Third quarter 2025 earnings released: EPS: JP¥74.50 (vs JP¥53.49 in 3Q 2024) Third quarter 2025 results: EPS: JP¥74.50 (up from JP¥53.49 in 3Q 2024). Revenue: JP¥7.31b (up 16% from 3Q 2024). Net income: JP¥617.0m (up 40% from 3Q 2024). Profit margin: 8.4% (up from 7.0% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 20% per year. Announcement • Feb 12
Ifuji Sangyo Co., Ltd. (TSE:2924) announces an Equity Buyback for 150,000 shares, representing 1.81% for ¥263.55 million. Ifuji Sangyo Co., Ltd. (TSE:2924) announces a share repurchase program. Under the program, the company will repurchase 150,000 shares, representing 1.81% of the outstanding shares, at ¥1,757 per share, for ¥263.55 million. The purpose of the program is to enable the execution of a flexible capital policy in response to changes in the business environment. As of September 30, 2025, the company had 8,281,519 shares outstanding and 63,851 shares in treasury. New Risk • Jan 30
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 5.1% 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 (5.1% average weekly change). Market cap is less than US$100m (JP¥12.8b market cap, or US$82.6m). Announcement • Dec 03
Ifuji Sangyo Co., Ltd. to Report Q3, 2025 Results on Feb 12, 2025 Ifuji Sangyo Co., Ltd. announced that they will report Q3, 2025 results on Feb 12, 2025 Reported Earnings • Nov 08
Second quarter 2025 earnings released: EPS: JP¥59.20 (vs JP¥40.20 in 2Q 2024) Second quarter 2025 results: EPS: JP¥59.20 (up from JP¥40.20 in 2Q 2024). Revenue: JP¥5.88b (down 4.9% from 2Q 2024). Net income: JP¥490.0m (up 48% from 2Q 2024). Profit margin: 8.3% (up from 5.4% in 2Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 16% per year. Buy Or Sell Opportunity • Nov 06
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 17% to JP¥1,545. The fair value is estimated to be JP¥1,280, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 22%. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥26.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 09 December 2024. Payout ratio is a comfortable 27% but the company is not cash flow positive. Trailing yield: 3.5%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.4%). Announcement • Aug 27
Ifuji Sangyo Co., Ltd. to Report Q2, 2025 Results on Nov 05, 2024 Ifuji Sangyo Co., Ltd. announced that they will report Q2, 2025 results on Nov 05, 2024 Reported Earnings • Aug 10
First quarter 2025 earnings released: EPS: JP¥65.96 (vs JP¥84.31 in 1Q 2024) First quarter 2025 results: EPS: JP¥65.96 (down from JP¥84.31 in 1Q 2024). Revenue: JP¥5.20b (down 26% from 1Q 2024). Net income: JP¥545.0m (down 22% from 1Q 2024). Profit margin: 11% (in line with 1Q 2024). 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 • Jun 06
Ifuji Sangyo Co., Ltd. to Report Q1, 2025 Results on Aug 08, 2024 Ifuji Sangyo Co., Ltd. announced that they will report Q1, 2025 results on Aug 08, 2024 Announcement • May 09
Ifuji Sangyo Co., Ltd., Annual General Meeting, Jun 26, 2024 Ifuji Sangyo Co., Ltd., Annual General Meeting, Jun 26, 2024. Reported Earnings • May 08
Full year 2024 earnings released: EPS: JP¥193 (vs JP¥136 in FY 2023) Full year 2024 results: EPS: JP¥193 (up from JP¥136 in FY 2023). Revenue: JP¥24.5b (up 17% from FY 2023). Net income: JP¥1.60b (up 43% from FY 2023). Profit margin: 6.5% (up from 5.3% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. New Risk • Apr 30
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 5.8% 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 Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.8% average weekly change). Market cap is less than US$100m (JP¥11.5b market cap, or US$73.6m). Upcoming Dividend • Mar 21
Upcoming dividend of JP¥22.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 22% but the company is not cash flow positive. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.7%). Announcement • Mar 02
Ifuji Sangyo Co., Ltd. to Report Fiscal Year 2024 Results on May 07, 2024 Ifuji Sangyo Co., Ltd. announced that they will report fiscal year 2024 results on May 07, 2024 Reported Earnings • Feb 15
Third quarter 2024 earnings released: EPS: JP¥53.49 (vs JP¥39.06 in 3Q 2023) Third quarter 2024 results: EPS: JP¥53.49 (up from JP¥39.06 in 3Q 2023). Revenue: JP¥6.32b (up 11% from 3Q 2023). Net income: JP¥442.0m (up 37% from 3Q 2023). Profit margin: 7.0% (up from 5.7% in 3Q 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 13% per year, which means it is significantly lagging earnings growth. Announcement • Nov 26
Ifuji Sangyo Co., Ltd. to Report Q3, 2024 Results on Feb 13, 2024 Ifuji Sangyo Co., Ltd. announced that they will report Q3, 2024 results on Feb 13, 2024 Reported Earnings • Nov 10
Second quarter 2024 earnings released: EPS: JP¥40.20 (vs JP¥23.31 in 2Q 2023) Second quarter 2024 results: EPS: JP¥40.20 (up from JP¥23.31 in 2Q 2023). Revenue: JP¥6.19b (up 40% from 2Q 2023). Net income: JP¥332.0m (up 73% from 2Q 2023). Profit margin: 5.4% (up from 4.4% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 20% per year. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥26.00 per share at 3.0% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 11 December 2023. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.6%). Valuation Update With 7 Day Price Move • Sep 11
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥1,564, the stock trades at a trailing P/E ratio of 8.4x. Average trailing P/E is 21x in the Food industry in Japan. Total returns to shareholders of 82% over the past three years. Announcement • Aug 27
Ifuji Sangyo Co., Ltd. to Report Q2, 2024 Results on Nov 09, 2023 Ifuji Sangyo Co., Ltd. announced that they will report Q2, 2024 results on Nov 09, 2023 Reported Earnings • Aug 11
First quarter 2024 earnings released: EPS: JP¥84.31 (vs JP¥34.46 in 1Q 2023) First quarter 2024 results: EPS: JP¥84.31 (up from JP¥34.46 in 1Q 2023). Revenue: JP¥7.00b (up 55% from 1Q 2023). Net income: JP¥695.0m (up 146% from 1Q 2023). Profit margin: 9.9% (up from 6.3% 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 21% per year whereas the company’s share price has increased by 20% per year. Valuation Update With 7 Day Price Move • Aug 10
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to JP¥1,471, the stock trades at a trailing P/E ratio of 10.9x. Average trailing P/E is 20x in the Food industry in Japan. Total returns to shareholders of 90% over the past three years. Announcement • Jun 07
Ifuji Sangyo Co., Ltd. to Report Q1, 2024 Results on Aug 01, 2023 Ifuji Sangyo Co., Ltd. announced that they will report Q1, 2024 results on Aug 01, 2023 Reported Earnings • May 09
Full year 2023 earnings released: EPS: JP¥136 (vs JP¥121 in FY 2022) Full year 2023 results: EPS: JP¥136 (up from JP¥121 in FY 2022). Revenue: JP¥20.9b (up 20% from FY 2022). Net income: JP¥1.12b (up 12% from FY 2022). Profit margin: 5.3% (down from 5.7% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥21.00 per share at 2.9% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 29 June 2023. Payout ratio is a comfortable 24% 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 (1.7%). Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: JP¥39.06 (vs JP¥37.99 in 3Q 2022) Third quarter 2023 results: EPS: JP¥39.06 (up from JP¥37.99 in 3Q 2022). Revenue: JP¥5.69b (up 22% from 3Q 2022). Net income: JP¥322.0m (up 3.2% from 3Q 2022). Profit margin: 5.7% (down from 6.7% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Nov 30
Ifuji Sangyo Co., Ltd. to Report Q3, 2023 Results on Feb 09, 2023 Ifuji Sangyo Co., Ltd. announced that they will report Q3, 2023 results on Feb 09, 2023 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. 2 experienced directors. 10 highly experienced directors. No independent directors (9 non-independent directors). External Director Masayuki Yamamura was the last director to join the board, commencing their role in 2015. 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 12
Second quarter 2023 earnings released: EPS: JP¥23.31 (vs JP¥32.05 in 2Q 2022) Second quarter 2023 results: EPS: JP¥23.31 (down from JP¥32.05 in 2Q 2022). Revenue: JP¥4.41b (flat on 2Q 2022). Net income: JP¥192.0m (down 27% from 2Q 2022). Profit margin: 4.4% (down from 6.0% in 2Q 2022). 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 5% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥14.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 12 December 2022. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.7%). Announcement • Aug 28
Ifuji Sangyo Co., Ltd. to Report Q2, 2023 Results on Nov 10, 2022 Ifuji Sangyo Co., Ltd. announced that they will report Q2, 2023 results on Nov 10, 2022 Reported Earnings • Aug 05
First quarter 2023 earnings released: EPS: JP¥34.46 (vs JP¥33.14 in 1Q 2022) First quarter 2023 results: EPS: JP¥34.46 (up from JP¥33.14 in 1Q 2022). Revenue: JP¥4.52b (down 2.8% from 1Q 2022). Net income: JP¥283.0m (up 4.4% from 1Q 2022). Profit margin: 6.3% (up from 5.8% in 1Q 2022). The increase in margin was driven by lower expenses. 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 10% per year, which means it is significantly lagging earnings growth. Announcement • Jun 01
Ifuji Sangyo Co., Ltd. to Report Q1, 2023 Results on Aug 04, 2022 Ifuji Sangyo Co., Ltd. announced that they will report Q1, 2023 results on Aug 04, 2022 Announcement • May 12
Ifuji Sangyo Co., Ltd., Annual General Meeting, Jun 28, 2022 Ifuji Sangyo Co., Ltd., Annual General Meeting, Jun 28, 2022. Reported Earnings • May 11
Full year 2022 earnings released: EPS: JP¥121 (vs JP¥102 in FY 2021) Full year 2022 results: EPS: JP¥121 (up from JP¥102 in FY 2021). Revenue: JP¥17.4b (up 26% from FY 2021). Net income: JP¥996.0m (up 20% from FY 2021). Profit margin: 5.7% (down from 6.0% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. 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. 3 experienced directors. 9 highly experienced directors. No independent directors (9 non-independent directors). External Director Masayuki Yamamura was the last director to join the board, commencing their role in 2015. 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 07
Ifuji Sangyo Co., Ltd. to Report Fiscal Year 2022 Results on May 06, 2022 Ifuji Sangyo Co., Ltd. announced that they will report fiscal year 2022 results on May 06, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥16.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 28 June 2022. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.7%). Reported Earnings • Feb 10
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥37.99 (down from JP¥38.76 in 3Q 2021). Revenue: JP¥4.66b (up 19% from 3Q 2021). Net income: JP¥312.0m (down 1.6% from 3Q 2021). Profit margin: 6.7% (down from 8.1% in 3Q 2021). 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 increased by 23% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 12
Second quarter 2022 earnings released: EPS JP¥32.05 (vs JP¥24.97 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¥4.37b (up 40% from 2Q 2021). Net income: JP¥263.0m (up 29% from 2Q 2021). Profit margin: 6.0% (down from 6.5% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥12.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 10 December 2021. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (1.5%). Reported Earnings • Aug 06
First quarter 2022 earnings released: EPS JP¥33.14 (vs JP¥19.04 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥4.65b (up 44% from 1Q 2021). Net income: JP¥271.0m (up 75% from 1Q 2021). Profit margin: 5.8% (up from 4.8% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 08
Full year 2021 earnings released: EPS JP¥102 (vs JP¥75.18 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥13.8b (down 3.4% from FY 2020). Net income: JP¥830.0m (up 35% from FY 2020). Profit margin: 6.0% (up from 4.3% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥14.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 26 June 2021. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.5%). Is New 90 Day High Low • Mar 11
New 90-day high: JP¥958 The company is up 15% from its price of JP¥833 on 11 December 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Food industry, which is up 2.0% over the same period. Announcement • Mar 04
Ifuji Sangyo Co., Ltd. to Report Fiscal Year 2021 Results on May 06, 2021 Ifuji Sangyo Co., Ltd. announced that they will report fiscal year 2021 results on May 06, 2021 Reported Earnings • Feb 11
Third quarter 2021 earnings released: EPS JP¥38.76 (vs JP¥25.67 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¥3.91b (down 8.8% from 3Q 2020). Net income: JP¥317.0m (up 52% from 3Q 2020). Profit margin: 8.1% (up from 4.9% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 8% per year. Is New 90 Day High Low • Feb 09
New 90-day high: JP¥908 The company is up 4.0% from its price of JP¥869 on 11 November 2020. The Japanese market is up 13% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Food industry, which is also up 4.0% over the same period. Announcement • Nov 29
Ifuji Sangyo Co., Ltd. to Report Q3, 2021 Results on Feb 09, 2021 Ifuji Sangyo Co., Ltd. announced that they will report Q3, 2021 results on Feb 09, 2021 
