Valuation Update With 7 Day Price Move • Aug 13
Investor sentiment improves as stock rises 30% After last week's 30% share price gain to JP¥654, the stock trades at a trailing P/E ratio of 4x. Average trailing P/E is 10x in the Auto Components industry in Japan. Total returns to shareholders of 17% over the past three years. New Risk • Aug 10
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 9.7% 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 Risks Share price has been highly volatile over the past 3 months (9.7% average weekly change). Earnings have declined by 46% per year over the past 5 years. Minor Risks High level of debt (75% net debt to equity). Market cap is less than US$100m (JP¥8.04b market cap, or US$50.6m). Reported Earnings • Aug 07
First quarter 2027 earnings released: EPS: JP¥55.66 (vs JP¥32.00 loss in 1Q 2026) First quarter 2027 results: EPS: JP¥55.66 (up from JP¥32.00 loss in 1Q 2026). Revenue: JP¥13.5b (up 25% from 1Q 2026). Net income: JP¥639.0m (up JP¥1.01b from 1Q 2026). Profit margin: 4.7% (up from net loss in 1Q 2026). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has remained flat. Ankündigung • Jun 28
J-MAX Co.,Ltd. to Report Q1, 2027 Results on Aug 06, 2026 J-MAX Co.,Ltd. announced that they will report Q1, 2027 results on Aug 06, 2026 Reported Earnings • May 18
Full year 2026 earnings released: EPS: JP¥77.65 (vs JP¥286 loss in FY 2025) Full year 2026 results: EPS: JP¥77.65 (up from JP¥286 loss in FY 2025). Revenue: JP¥51.9b (up 10% from FY 2025). Net income: JP¥891.0m (up JP¥4.17b from FY 2025). Profit margin: 1.7% (up from net loss in FY 2025). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. New Risk • May 14
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 7.0% 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: Major Risks Debt is not well covered by operating cash flow (9.9% operating cash flow to total debt). Earnings have declined by 63% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Market cap is less than US$100m (JP¥5.74b market cap, or US$36.3m). Ankündigung • May 13
J-MAX Co.,Ltd., Annual General Meeting, Jun 26, 2026 J-MAX Co.,Ltd., Annual General Meeting, Jun 26, 2026. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥2.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 23 June 2026. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.0%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (2.8%). Reported Earnings • Feb 08
Third quarter 2026 earnings released: EPS: JP¥11.67 (vs JP¥3.84 in 3Q 2025) Third quarter 2026 results: EPS: JP¥11.67 (up from JP¥3.84 in 3Q 2025). Revenue: JP¥12.8b (up 11% from 3Q 2025). Net income: JP¥134.0m (up 205% from 3Q 2025). Profit margin: 1.0% (up from 0.4% in 3Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance. Ankündigung • Dec 27
J-MAX Co.,Ltd. to Report Q3, 2026 Results on Feb 06, 2026 J-MAX Co.,Ltd. announced that they will report Q3, 2026 results on Feb 06, 2026 New Risk • Nov 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 6.7% 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: Major Risks Interest payments are not well covered by earnings (2.5x net interest cover). Earnings have declined by 62% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Market cap is less than US$100m (JP¥4.72b market cap, or US$30.7m). Reported Earnings • Nov 09
Second quarter 2026 earnings released: EPS: JP¥92.23 (vs JP¥4.36 loss in 2Q 2025) Second quarter 2026 results: EPS: JP¥92.23 (up from JP¥4.36 loss in 2Q 2025). Revenue: JP¥12.8b (up 14% from 2Q 2025). Net income: JP¥1.06b (up JP¥1.11b from 2Q 2025). Profit margin: 8.3% (up from net loss in 2Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance. Ankündigung • Sep 27
J-MAX Co.,Ltd. to Report Q2, 2026 Results on Nov 07, 2025 J-MAX Co.,Ltd. announced that they will report Q2, 2026 results on Nov 07, 2025 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥2.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 10 December 2025. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.1%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (3.0%). Reported Earnings • Aug 08
First quarter 2026 earnings released: JP¥32.00 loss per share (vs JP¥84.27 loss in 1Q 2025) First quarter 2026 results: JP¥32.00 loss per share (improved from JP¥84.27 loss in 1Q 2025). Revenue: JP¥10.8b (down 2.5% from 1Q 2025). Net loss: JP¥367.0m (loss narrowed 62% from 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance. Reported Earnings • Jun 25
Full year 2025 earnings released: JP¥286 loss per share (vs JP¥89.40 loss in FY 2024) Full year 2025 results: JP¥286 loss per share (further deteriorated from JP¥89.40 loss in FY 2024). Revenue: JP¥47.1b (down 13% from FY 2024). Net loss: JP¥3.28b (loss widened 220% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance. Ankündigung • Jun 19
J-MAX Co.,Ltd. to Report Q1, 2026 Results on Aug 07, 2025 J-MAX Co.,Ltd. announced that they will report Q1, 2026 results on Aug 07, 2025 Reported Earnings • May 11
Full year 2025 earnings released: JP¥286 loss per share (vs JP¥89.40 loss in FY 2024) Full year 2025 results: JP¥286 loss per share (further deteriorated from JP¥89.40 loss in FY 2024). Revenue: JP¥47.1b (down 13% from FY 2024). Net loss: JP¥3.28b (loss widened 220% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance. Ankündigung • May 09
J-MAX Co.,Ltd., Annual General Meeting, Jun 20, 2025 J-MAX Co.,Ltd., Annual General Meeting, Jun 20, 2025. Ankündigung • Mar 26
J-MAX Co.,Ltd. to Report Fiscal Year 2025 Results on May 09, 2025 J-MAX Co.,Ltd. announced that they will report fiscal year 2025 results on May 09, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥2.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 23 June 2025. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.2%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (3.3%). Reported Earnings • Feb 08
Third quarter 2025 earnings released: EPS: JP¥3.84 (vs JP¥146 loss in 3Q 2024) Third quarter 2025 results: EPS: JP¥3.84 (up from JP¥146 loss in 3Q 2024). Revenue: JP¥11.6b (down 16% from 3Q 2024). Net income: JP¥44.0m (up JP¥1.71b from 3Q 2024). Profit margin: 0.4% (up from net loss in 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance. Ankündigung • Jan 03
J-MAX Co.,Ltd. to Report Q3, 2025 Results on Feb 07, 2025 J-MAX Co.,Ltd. announced that they will report Q3, 2025 results on Feb 07, 2025 New Risk • Nov 08
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.6x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.6x net interest cover). Earnings have declined by 43% per year over the past 5 years. Minor Risk Market cap is less than US$100m (JP¥3.61b market cap, or US$23.6m). Reported Earnings • Nov 08
Second quarter 2025 earnings released: JP¥4.36 loss per share (vs JP¥6.03 profit in 2Q 2024) Second quarter 2025 results: JP¥4.36 loss per share (down from JP¥6.03 profit in 2Q 2024). Revenue: JP¥11.2b (down 12% from 2Q 2024). Net loss: JP¥50.0m (down 173% from profit in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance. Ankündigung • Sep 27
J-MAX Co.,Ltd. to Report Q2, 2025 Results on Nov 06, 2024 J-MAX Co.,Ltd. announced that they will report Q2, 2025 results on Nov 06, 2024 Upcoming Dividend • Sep 20
Upcoming dividend of JP¥2.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 28 November 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.2%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (3.5%). Ankündigung • Jul 06
J-MAX Co.,Ltd. to Report Q1, 2025 Results on Aug 07, 2024 J-MAX Co.,Ltd. announced that they will report Q1, 2025 results on Aug 07, 2024 Reported Earnings • Jun 25
Full year 2024 earnings released: JP¥89.40 loss per share (vs JP¥111 profit in FY 2023) Full year 2024 results: JP¥89.40 loss per share (down from JP¥111 profit in FY 2023). Revenue: JP¥54.3b (up 3.8% from FY 2023). Net loss: JP¥1.03b (down 179% from profit in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 40 percentage points per year, which is a significant difference in performance. Ankündigung • May 15
J-MAX Co.,Ltd., Annual General Meeting, Jun 20, 2024 J-MAX Co.,Ltd., Annual General Meeting, Jun 20, 2024. Reported Earnings • May 13
Full year 2024 earnings released: JP¥89.40 loss per share (vs JP¥111 profit in FY 2023) Full year 2024 results: JP¥89.40 loss per share (down from JP¥111 profit in FY 2023). Revenue: JP¥54.3b (up 3.8% from FY 2023). Net loss: JP¥1.03b (down 179% from profit in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 40 percentage points per year, which is a significant difference in performance. Ankündigung • Mar 29
J-MAX Co.,Ltd. to Report Fiscal Year 2024 Results on May 10, 2024 J-MAX Co.,Ltd. announced that they will report fiscal year 2024 results on May 10, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥9.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 26 June 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 3.4%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (2.6%). Reported Earnings • Feb 02
Third quarter 2024 earnings released: JP¥146 loss per share (vs JP¥69.96 profit in 3Q 2023) Third quarter 2024 results: JP¥146 loss per share (down from JP¥69.96 profit in 3Q 2023). Revenue: JP¥13.7b (down 9.0% from 3Q 2023). Net loss: JP¥1.67b (down 303% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Ankündigung • Nov 30
J-MAX Co.,Ltd. to Report Q3, 2024 Results on Jan 31, 2024 J-MAX Co.,Ltd. announced that they will report Q3, 2024 results on Jan 31, 2024 Buying Opportunity • Nov 10
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 16%. The fair value is estimated to be JP¥633, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.2% over the last 3 years. Earnings per share has declined by 29%. Reported Earnings • Nov 02
Second quarter 2024 earnings released: EPS: JP¥6.03 (vs JP¥19.26 loss in 2Q 2023) Second quarter 2024 results: EPS: JP¥6.03 (up from JP¥19.26 loss in 2Q 2023). Revenue: JP¥12.7b (up 18% from 2Q 2023). Net income: JP¥69.0m (up JP¥295.0m from 2Q 2023). Profit margin: 0.5% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥9.00 per share at 3.0% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 29 November 2023. Payout ratio is a comfortable 26% but the company is not cash flow positive. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (2.5%). Ankündigung • Sep 20
J-MAX Co.,Ltd. to Report Q2, 2024 Results on Oct 31, 2023 J-MAX Co.,Ltd. announced that they will report Q2, 2024 results on Oct 31, 2023 New Risk • Aug 02
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 40% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 10% per year over the past 5 years. Minor Risks High level of debt (40% net debt to equity). Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.3% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.3% net profit margin). Market cap is less than US$100m (JP¥6.86b market cap, or US$47.9m). Reported Earnings • Aug 01
First quarter 2024 earnings released: JP¥7.26 loss per share (vs JP¥42.61 profit in 1Q 2023) First quarter 2024 results: JP¥7.26 loss per share (down from JP¥42.61 profit in 1Q 2023). Revenue: JP¥13.0b (up 4.9% from 1Q 2023). Net loss: JP¥84.0m (down 117% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Ankündigung • Jul 07
J-MAX Co.,Ltd. to Report Q1, 2024 Results on Jul 31, 2023 J-MAX Co.,Ltd. announced that they will report Q1, 2024 results on Jul 31, 2023 Reported Earnings • May 10
Full year 2023 earnings released: EPS: JP¥111 (vs JP¥170 in FY 2022) Full year 2023 results: EPS: JP¥111 (down from JP¥170 in FY 2022). Revenue: JP¥52.4b (up 15% from FY 2022). Net income: JP¥1.30b (down 35% from FY 2022). Profit margin: 2.5% (down from 4.4% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Ankündigung • May 10
J-MAX Co.,Ltd. (TSE:3422) announces an Equity Buyback for 290,000 shares, for ¥220.98 million. J-MAX Co.,Ltd. (TSE:3422) announces a share repurchase program. Under the program, the company will repurchase up to 290,000 shares, representing 2.45% of its share capital, for ¥220.98 million. The shares will be repurchase at a price of ¥ 762 per share. The purpose of the program is to enable the implementation of a flexible capital policy and to improve shareholder returns and capital efficiency. The program will expire on May 10, 2023. As of March 31, 2023, the company had 11,856,911 shares in issue (excluding treasury stock) and 289 shares in treasury. Valuation Update With 7 Day Price Move • May 10
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to JP¥614, the stock trades at a trailing P/E ratio of 3.8x. Average trailing P/E is 12x in the Auto Components industry in Japan. Total returns to shareholders of 41% over the past three years. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥8.00 per share at 2.3% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 27 June 2023. Payout ratio is a comfortable 8.6% but the company is not cash flow positive. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (3.2%). Valuation Update With 7 Day Price Move • Feb 07
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥686, the stock trades at a trailing P/E ratio of 4.2x. Average trailing P/E is 9x in the Auto Components industry in Japan. Total returns to shareholders of 19% over the past three years. Reported Earnings • Feb 01
Third quarter 2023 earnings released: EPS: JP¥69.95 (vs JP¥36.98 in 3Q 2022) Third quarter 2023 results: EPS: JP¥69.95 (up from JP¥36.98 in 3Q 2022). Revenue: JP¥15.1b (up 35% from 3Q 2022). Net income: JP¥821.0m (up 89% from 3Q 2022). Profit margin: 5.4% (up from 3.9% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Ankündigung • Dec 28
J-MAX Co.,Ltd. to Report Q3, 2023 Results on Jan 31, 2023 J-MAX Co.,Ltd. announced that they will report Q3, 2023 results on Jan 31, 2023 Board Change • Nov 16
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. Outside Independent Director Tamiki Yanagisawa was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Nov 09
Investor sentiment deteriorated over the past week After last week's 16% share price decline to JP¥583, the stock trades at a trailing P/E ratio of 4.5x. Average trailing P/E is 9x in the Auto Components industry in Japan. Total loss to shareholders of 9.2% over the past three years. Reported Earnings • Nov 04
Second quarter 2023 earnings released: JP¥19.26 loss per share (vs JP¥26.84 profit in 2Q 2022) Second quarter 2023 results: JP¥19.26 loss per share (down from JP¥26.84 profit in 2Q 2022). Revenue: JP¥10.8b (up 3.9% from 2Q 2022). Net loss: JP¥226.0m (down 172% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 4% per year. Ankündigung • Sep 25
J-MAX Co.,Ltd. to Report Q2, 2023 Results on Oct 31, 2022 J-MAX Co.,Ltd. announced that they will report Q2, 2023 results on Oct 31, 2022 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥8.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 24 November 2022. Payout ratio is a comfortable 6.8% but the company is not cash flow positive. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (3.1%). Reported Earnings • Jul 31
First quarter 2023 earnings released: EPS: JP¥42.61 (vs JP¥36.64 in 1Q 2022) First quarter 2023 results: EPS: JP¥42.61 (up from JP¥36.64 in 1Q 2022). Revenue: JP¥12.4b (up 23% from 1Q 2022). Net income: JP¥500.0m (up 16% from 1Q 2022). Profit margin: 4.0% (down from 4.3% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Ankündigung • Jul 03
J-MAX Co.,Ltd. to Report Q1, 2023 Results on Jul 29, 2022 J-MAX Co.,Ltd. announced that they will report Q1, 2023 results on Jul 29, 2022 Ankündigung • May 12
MARUJUN Co., Ltd., Annual General Meeting, Jun 24, 2022 MARUJUN Co., Ltd., Annual General Meeting, Jun 24, 2022. Reported Earnings • May 11
Full year 2022 earnings released: EPS: JP¥170 (vs JP¥213 in FY 2021) Full year 2022 results: EPS: JP¥170 (down from JP¥213 in FY 2021). Revenue: JP¥45.7b (up 1.9% from FY 2021). Net income: JP¥2.00b (down 21% from FY 2021). Profit margin: 4.4% (down from 5.6% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 5% per year, 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. 8 experienced directors. 2 highly experienced directors. No independent directors (7 non-independent directors). Director Yoshiharu Yukawa was the last director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Ankündigung • Apr 07
MARUJUN Co., Ltd. to Report Fiscal Year 2022 Results on May 10, 2022 MARUJUN Co., Ltd. announced that they will report fiscal year 2022 results on May 10, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥6.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 28 June 2022. Payout ratio is a comfortable 6.1% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (3.0%). Reported Earnings • Feb 02
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥36.98 (down from JP¥65.22 in 3Q 2021). Revenue: JP¥11.2b (down 4.4% from 3Q 2021). Net income: JP¥434.0m (down 43% from 3Q 2021). Profit margin: 3.9% (down from 6.6% in 3Q 2021). The decrease in margin was driven by lower revenue. 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 1% per year. Reported Earnings • Oct 31
Second quarter 2022 earnings released: EPS JP¥26.84 (vs JP¥45.47 in 2Q 2021) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥10.4b (down 7.0% from 2Q 2021). Net income: JP¥315.0m (down 41% from 2Q 2021). Profit margin: 3.0% (down from 4.8% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has increased by 1% per year. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥6.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 25 November 2021. Trailing yield: 1.5%. Lower than top quartile of Japanese dividend payers (3.0%). Lower than average of industry peers (2.5%). Reported Earnings • Aug 04
First quarter 2022 earnings released: EPS JP¥36.64 (vs JP¥38.12 in 1Q 2021) The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2022 results: Revenue: JP¥10.1b (up 24% from 1Q 2021). Net income: JP¥430.0m (down 4.9% from 1Q 2021). Profit margin: 4.3% (down from 5.5% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Reported Earnings • May 06
Full year 2021 earnings released: EPS JP¥213 (vs JP¥205 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¥44.8b (down 7.7% from FY 2020). Net income: JP¥2.51b (up 3.4% from FY 2020). Profit margin: 5.6% (up from 5.0% 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 2% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥6.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 29 June 2021. Trailing yield: 0.7%. Lower than top quartile of Japanese dividend payers (2.7%). Lower than average of industry peers (1.9%). Is New 90 Day High Low • Mar 15
New 90-day high: JP¥1,095 The company is up 23% from a price of JP¥890 on 15 December 2020. Outperformed the Japanese market which is up 9.0% over the last 90 days. Exceeded the Auto Components industry, which is up 20% over the same period.