Declared Dividend • Jul 25
Final dividend of JP¥500 announced Dividend of JP¥500 is the same as last year. Ex-date: 29th September 2026 Payment date: 1st December 2026 Dividend yield will be 1.4%, which is lower than the industry average of 2.1%. Sustainability & Growth Dividend is covered by earnings (38% earnings payout ratio) but not covered by cash flows (182% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 20% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Live-News • Jul 04
SMC Buys Back 270,200 Under 800,000 Authorization on Tokyo Exchange SMC is progressing with a sizable share repurchase program on the Tokyo Stock Exchange, having bought 270,200 shares under an authorization of up to 800,000 shares or ¥50b that runs through March 2027.
SMC has framed the buyback as part of its focus on shareholder returns and capital efficiency, which can influence earnings per share and signal confidence in its industrial automation and pneumatic equipment business.
SMC’s share price is around ¥75,800, with the stock up 31.9% year to date, putting the buyback in the context of already strong recent share performance.
This kind of long-dated, large-scale repurchase plan can tighten the share count over time. The key question is how consistently SMC uses the full ¥50b capacity and what that implies for capital available for investment in its core operations. Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥72,650, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 16x in the Machinery industry in Japan. Total loss to shareholders of 8.2% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥69,760 per share. Ankündigung • Jun 12
SMC Corporation to Report Q1, 2027 Results on Aug 07, 2026 SMC Corporation announced that they will report Q1, 2027 results on Aug 07, 2026 Live-News • Jun 01
SMC Begins ¥50 Billion Share Buyback With Initial ¥6.2 Billion Purchase SMC has started its latest share buyback program, repurchasing 93,400 shares for about ¥6.18b in the initial tranche.
The buyback authorization allows for up to 800,000 shares and a total of ¥50b in repurchases.
Management has framed the program as an ongoing return of capital to shareholders, supported by the company’s financial position.
A buyback of this size can reduce the share count over time, which may lift earnings per share and signal that management sees value in the stock.
You should also keep in mind that directing ¥50b toward repurchases limits cash available for other uses such as acquisitions or additional investment, so it is worth watching how the program progresses against the company’s broader capital allocation plans. Valuation Update With 7 Day Price Move • May 21
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to JP¥64,700, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 15x in the Machinery industry in Japan. Total loss to shareholders of 8.5% over the past three years. Reported Earnings • May 15
Full year 2026 earnings: EPS exceeds analyst expectations Full year 2026 results: EPS: JP¥2,640 (up from JP¥2,445 in FY 2025). Revenue: JP¥842.5b (up 6.4% from FY 2025). Net income: JP¥167.3b (up 7.0% from FY 2025). Profit margin: 20% (in line with FY 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.4%. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Ankündigung • May 09
SMC Corporation to Report Fiscal Year 2026 Results on May 14, 2026 SMC Corporation announced that they will report fiscal year 2026 results at 3:00 PM, Tokyo Standard Time on May 14, 2026 Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥72,140, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 16x in the Machinery industry in Japan. Total returns to shareholders of 9.2% over the past three years. Price Target Changed • Apr 07
Price target increased by 9.6% to JP¥80,813 Up from JP¥73,725, the current price target is an average from 15 analysts. New target price is 30% above last closing price of JP¥62,020. Stock is up 33% over the past year. The company is forecast to post earnings per share of JP¥2,522 for next year compared to JP¥2,445 last year. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥500 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 30 June 2026. Payout ratio is a comfortable 40% and the cash payout ratio is 87%. Trailing yield: 1.5%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (1.6%). Price Target Changed • Mar 13
Price target increased by 8.0% to JP¥78,763 Up from JP¥72,900, the current price target is an average from 16 analysts. New target price is 18% above last closing price of JP¥66,530. Stock is up 18% over the past year. The company is forecast to post earnings per share of JP¥2,516 for next year compared to JP¥2,445 last year. Price Target Changed • Feb 26
Price target increased by 10.0% to JP¥71,713 Up from JP¥65,200, the current price target is an average from 16 analysts. New target price is approximately in line with last closing price of JP¥73,540. Stock is up 32% over the past year. The company is forecast to post earnings per share of JP¥2,493 for next year compared to JP¥2,445 last year. Price Target Changed • Feb 14
Price target increased by 8.4% to JP¥66,450 Up from JP¥61,294, the current price target is an average from 16 analysts. New target price is 6.2% below last closing price of JP¥70,840. Stock is up 31% over the past year. The company is forecast to post earnings per share of JP¥2,461 for next year compared to JP¥2,445 last year. Reported Earnings • Feb 13
Third quarter 2026 earnings: EPS and revenues exceed analyst expectations Third quarter 2026 results: EPS: JP¥672 (up from JP¥661 in 3Q 2025). Revenue: JP¥209.7b (up 7.3% from 3Q 2025). Net income: JP¥42.4b (flat on 3Q 2025). Profit margin: 20% (down from 22% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) also surpassed analyst estimates by 19%. Revenue is forecast to grow 5.2% 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 fallen by 13% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Ankündigung • Feb 13
Smc Corporation Provides Consolidated Earnings Guidance Fiscal Year Ending March 31, 2026 SMC Corporation provided consolidated earnings guidance fiscal year ending March 31, 2026. For the year, the company expects Net Sales of JPY 816,000 million, Operating Profit of JPY 183,000 million, Profit attributable to owners of parent of JPY 153,000 million and basic earnings per share of JPY 2,406.70. New Risk • Dec 08
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 5.5% 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. This is currently the only risk that has been identified for the company. Declared Dividend • Dec 02
First half dividend of JP¥500 announced Dividend of JP¥500 is the same as last year. Ex-date: 30th March 2026 Payment date: 30th June 2026 Dividend yield will be 1.8%, which is lower than the industry average of 2.1%. Sustainability & Growth Dividend is covered by both earnings (40% earnings payout ratio) and cash flows (87% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 18% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Price Target Changed • Nov 26
Price target increased by 7.9% to JP¥58,481 Up from JP¥54,207, the current price target is an average from 16 analysts. New target price is 6.6% above last closing price of JP¥54,860. Stock is down 16% over the past year. The company is forecast to post earnings per share of JP¥2,457 for next year compared to JP¥2,445 last year. Reported Earnings • Nov 14
Second quarter 2026 earnings: EPS exceeds analyst expectations Second quarter 2026 results: EPS: JP¥702 (up from JP¥460 in 2Q 2025). Revenue: JP¥200.1b (up 4.1% from 2Q 2025). Net income: JP¥44.5b (up 51% from 2Q 2025). Profit margin: 22% (up from 15% in 2Q 2025). The increase in margin was primarily driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 27%. Revenue is forecast to grow 4.5% 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 fallen by 15% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Oct 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥51,440, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 14x in the Machinery industry in Japan. Total loss to shareholders of 15% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥37,674 per share. Buy Or Sell Opportunity • Oct 03
Now 23% overvalued Over the last 90 days, the stock has fallen 7.2% to JP¥48,400. The fair value is estimated to be JP¥39,461, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 15%. For the next 3 years, revenue is forecast to grow by 4.5% per annum. Earnings are also forecast to grow by 7.2% per annum over the same time period. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥500 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 02 December 2025. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (2.0%). Reported Earnings • Aug 09
First quarter 2026 earnings: EPS and revenues miss analyst expectations First quarter 2026 results: EPS: JP¥544 (down from JP¥759 in 1Q 2025). Revenue: JP¥200.2b (down 1.3% from 1Q 2025). Net income: JP¥34.6b (down 29% from 1Q 2025). Profit margin: 17% (down from 24% in 1Q 2025). The decrease in margin was primarily driven by higher expenses. Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 11%. Revenue is forecast to grow 4.6% 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 fallen by 15% per year whereas the company’s share price has fallen by 10% per year. New Risk • Jul 09
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 5.7% 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: 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 (5.7% average weekly change). Declared Dividend • Jul 09
Final dividend of JP¥500 announced Dividend of JP¥500 is the same as last year. Ex-date: 29th September 2025 Payment date: 2nd December 2025 Dividend yield will be 2.0%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (40% earnings payout ratio) and cash flows (72% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 20% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Ankündigung • Jun 06
SMC Corporation to Report Q1, 2026 Results on Aug 08, 2025 SMC Corporation announced that they will report Q1, 2026 results on Aug 08, 2025 Reported Earnings • May 15
Full year 2025 earnings: Revenues and EPS in line with analyst expectations Full year 2025 results: EPS: JP¥2,445 (down from JP¥2,767 in FY 2024). Revenue: JP¥792.1b (up 2.0% from FY 2024). Net income: JP¥156.3b (down 12% from FY 2024). Profit margin: 20% (down from 23% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 5.3% 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 fallen by 11% per year whereas the company’s share price has fallen by 7% per year. Ankündigung • May 15
SMC Corporation (TSE:6273) announces an Equity Buyback for 750,000 shares, representing 1.18% for ¥30,000 million. SMC Corporation (TSE:6273) announces a share repurchase program. Under the program, the company will repurchase up to 750,000 common shares, representing 1.18% of its issued share capital, for ¥30,000 million. The purpose of the program is to enhance returns to shareholders, and improve capital efficiency. The share repurchase program will run until March 24, 2026. As of April 30, 2025, the company had 63,745,025 shares outstanding (excluding treasury shares) and 3,624,334 shares in treasury. Ankündigung • May 14
SMC Corporation, Annual General Meeting, Jun 27, 2025 SMC Corporation, Annual General Meeting, Jun 27, 2025. Valuation Update With 7 Day Price Move • May 14
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥52,960, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 13x in the Machinery industry in Japan. Total loss to shareholders of 16% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥36,633 per share. Buy Or Sell Opportunity • Apr 25
Now 23% overvalued Over the last 90 days, the stock has fallen 21% to JP¥46,970. The fair value is estimated to be JP¥38,228, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 7.6%. For the next 3 years, revenue is forecast to grow by 5.5% per annum. Earnings are also forecast to grow by 6.7% per annum over the same time period. Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥45,200, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 11x in the Machinery industry in Japan. Total loss to shareholders of 27% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥38,473 per share. Buy Or Sell Opportunity • Apr 08
Now 21% overvalued Over the last 90 days, the stock has fallen 23% to JP¥46,580. The fair value is estimated to be JP¥38,397, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 7.6%. For the next 3 years, revenue is forecast to grow by 5.6% per annum. Earnings are also forecast to grow by 6.9% per annum over the same time period. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥500 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 30 June 2025. Payout ratio is a comfortable 40% but the company is paying out more than the cash it is generating. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (2.1%). Ankündigung • Mar 15
SMC Corporation to Report Fiscal Year 2025 Results on May 14, 2025 SMC Corporation announced that they will report fiscal year 2025 results on May 14, 2025 Price Target Changed • Feb 20
Price target decreased by 7.2% to JP¥69,282 Down from JP¥74,660, the current price target is an average from 14 analysts. New target price is 27% above last closing price of JP¥54,720. Stock is down 37% over the past year. The company is forecast to post earnings per share of JP¥2,502 for next year compared to JP¥2,767 last year. Reported Earnings • Feb 16
Third quarter 2025 earnings: EPS and revenues miss analyst expectations Third quarter 2025 results: EPS: JP¥661. Revenue: JP¥195.4b (up 3.3% from 3Q 2024). Net income: JP¥42.2b (flat on 3Q 2024). Profit margin: 22% (in line with 3Q 2024). Revenue missed analyst estimates by 3.3%. Earnings per share (EPS) also missed analyst estimates by 17%. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Machinery industry in Japan. New Risk • Feb 14
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 295% Dividend yield: 1.8% 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. This is currently the only risk that has been identified for the company. Buy Or Sell Opportunity • Jan 07
Now 20% overvalued Over the last 90 days, the stock has fallen 5.7% to JP¥61,970. The fair value is estimated to be JP¥51,633, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.0% over the last 3 years. Earnings per share has declined by 3.0%. For the next 3 years, revenue is forecast to grow by 6.3% per annum. Earnings are also forecast to grow by 8.3% per annum over the same time period. Ankündigung • Dec 20
SMC Corporation to Report Q3, 2025 Results on Feb 14, 2025 SMC Corporation announced that they will report Q3, 2025 results on Feb 14, 2025 Buy Or Sell Opportunity • Dec 16
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 7.0% to JP¥62,750. The fair value is estimated to be JP¥51,903, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.0% over the last 3 years. Earnings per share has declined by 3.0%. For the next 3 years, revenue is forecast to grow by 6.4% per annum. Earnings are also forecast to grow by 8.4% per annum over the same time period. Declared Dividend • Dec 03
First half dividend of JP¥500 announced Shareholders will receive a dividend of JP¥500. Ex-date: 28th March 2025 Payment date: 30th June 2025 Dividend yield will be 1.5%, which is lower than the industry average of 2.1%. Sustainability & Growth Dividend is covered by earnings (40% earnings payout ratio) but not covered by cash flows (295% cash payout ratio). The dividend has increased by an average of 20% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 33% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 16
Second quarter 2025 earnings released: EPS: JP¥460 (vs JP¥660 in 2Q 2024) Second quarter 2025 results: EPS: JP¥460 (down from JP¥660 in 2Q 2024). Revenue: JP¥192.3b (down 1.2% from 2Q 2024). Net income: JP¥29.5b (down 31% from 2Q 2024). Profit margin: 15% (down from 22% in 2Q 2024). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 6.6% 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 fallen by 3% per year whereas the company’s share price has fallen by 5% per year. Buy Or Sell Opportunity • Nov 15
Now 21% overvalued Over the last 90 days, the stock has fallen 1.8% to JP¥67,040. The fair value is estimated to be JP¥55,463, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.7% over the last 3 years. Earnings per share has grown by 3.2%. For the next 3 years, revenue is forecast to grow by 6.2% per annum. Earnings are also forecast to grow by 6.8% per annum over the same time period. Buy Or Sell Opportunity • Oct 30
Now 20% overvalued Over the last 90 days, the stock has fallen 8.0% to JP¥66,680. The fair value is estimated to be JP¥55,407, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.7% over the last 3 years. Earnings per share has grown by 3.2%. For the next 3 years, revenue is forecast to grow by 6.3% per annum. Earnings are also forecast to grow by 7.3% per annum over the same time period. Buy Or Sell Opportunity • Sep 27
Now 22% overvalued Over the last 90 days, the stock has fallen 12% to JP¥67,290. The fair value is estimated to be JP¥55,217, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.7% over the last 3 years. Earnings per share has grown by 3.2%. For the next 3 years, revenue is forecast to grow by 6.2% per annum. Earnings are also forecast to grow by 7.2% per annum over the same time period. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥500 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 35% but the company is not cash flow positive. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (2.9%). Ankündigung • Sep 06
SMC Corporation to Report Q2, 2025 Results on Nov 14, 2024 SMC Corporation announced that they will report Q2, 2025 results on Nov 14, 2024 Reported Earnings • Aug 11
First quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2025 results: EPS: JP¥759 (down from JP¥808 in 1Q 2024). Revenue: JP¥202.8b (up 1.9% from 1Q 2024). Net income: JP¥48.7b (down 6.6% from 1Q 2024). Profit margin: 24% (down from 26% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) exceeded analyst estimates by 11%. Revenue is forecast to grow 6.4% 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 3% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥61,500, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 12x in the Machinery industry in Japan. Total loss to shareholders of 5.8% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥30,329 per share. Declared Dividend • Jul 11
Final dividend of JP¥500 announced Shareholders will receive a dividend of JP¥500. Ex-date: 27th September 2024 Payment date: 2nd December 2024 Dividend yield will be 1.2%, which is lower than the industry average of 2.1%. Sustainability & Growth Dividend is covered by earnings (34% 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 increased by an average of 20% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 25% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Ankündigung • Jun 14
SMC Corporation to Report Q1, 2025 Results on Aug 09, 2024 SMC Corporation announced that they will report Q1, 2025 results on Aug 09, 2024 Reported Earnings • May 18
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: JP¥2,767 (down from JP¥3,445 in FY 2023). Revenue: JP¥776.9b (down 5.8% from FY 2023). Net income: JP¥178.3b (down 21% from FY 2023). Profit margin: 23% (down from 27% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.2%. Revenue is forecast to grow 7.6% 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 10% per year whereas the company’s share price has increased by 9% per year. Ankündigung • May 16
SMC Corporation, Annual General Meeting, Jun 27, 2024 SMC Corporation, Annual General Meeting, Jun 27, 2024. Ankündigung • May 15
Smc Corporation Expects to Pay Dividend At the End of Year Ending March 31, 2025 SMC Corporation expected to pay a dividend of ¥500.00 at the end of fiscal Year ending March 31, 2025 against ¥500.00 paid a year ago. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥450 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 46% but the company is paying out more than the cash it is generating. Trailing yield: 1.0%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (1.9%). Ankündigung • Mar 15
SMC Corporation to Report Fiscal Year 2024 Results on May 14, 2024 SMC Corporation announced that they will report fiscal year 2024 results on May 14, 2024 Reported Earnings • Feb 14
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: EPS: JP¥660 (up from JP¥623 in 3Q 2023). Revenue: JP¥189.1b (down 8.2% from 3Q 2023). Net income: JP¥42.6b (up 4.6% from 3Q 2023). Profit margin: 23% (up from 20% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 1.9%. Earnings per share (EPS) also missed analyst estimates by 14%. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Machinery industry in Japan. 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.