Reported Earnings • Aug 08
First quarter 2027 earnings released: EPS: JP¥34.91 (vs JP¥10.26 in 1Q 2026) First quarter 2027 results: EPS: JP¥34.91 (up from JP¥10.26 in 1Q 2026). Revenue: JP¥19.8b (up 33% from 1Q 2026). Net income: JP¥2.44b (up 244% from 1Q 2026). Profit margin: 12% (up from 4.8% in 1Q 2026). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Machinery industry in Japan. 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 47% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Aug 04
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to JP¥1,929, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 15x in the Machinery industry in Japan. Total returns to shareholders of 290% over the past three years. Declared Dividend • Jul 25
Final dividend of JP¥16.00 announced Shareholders will receive a dividend of JP¥16.00. Ex-date: 29th September 2026 Payment date: 8th December 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 (50% earnings payout ratio) and cash flows (37% cash payout ratio). The dividend has increased by an average of 9.4% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 130% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥1,759, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 16x in the Machinery industry in Japan. Total returns to shareholders of 243% over the past three years. Valuation Update With 7 Day Price Move • Jun 20
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to JP¥2,230, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 17x in the Machinery industry in Japan. Total returns to shareholders of 317% over the past three years. Buy Or Sell Opportunity • Jun 08
Now 25% undervalued Over the last 90 days, the stock has risen 97% to JP¥1,817. The fair value is estimated to be JP¥2,426, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.3% over the last 3 years. Earnings per share has declined by 33%. For the next 3 years, revenue is forecast to grow by 9.1% per annum. Earnings are also forecast to grow by 23% per annum over the same time period. Valuation Update With 7 Day Price Move • Jun 05
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥1,938, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 16x in the Machinery industry in Japan. Total returns to shareholders of 282% over the past three years. Valuation Update With 7 Day Price Move • May 18
Investor sentiment improves as stock rises 31% After last week's 31% share price gain to JP¥2,008, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 16x in the Machinery industry in Japan. Total returns to shareholders of 280% over the past three years. Buy Or Sell Opportunity • May 15
Now 22% undervalued Over the last 90 days, the stock has risen 69% to JP¥1,800. The fair value is estimated to be JP¥2,321, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.3% over the last 3 years. Earnings per share has declined by 33%. For the next 3 years, revenue is forecast to grow by 9.1% per annum. Earnings are also forecast to grow by 23% per annum over the same time period. Ankündigung • May 13
Nippon Thompson Co., Ltd. (TSE:6480) announces an Equity Buyback for 1,424,900 shares, representing 2% for ¥1,600 million. Nippon Thompson Co., Ltd. (TSE:6480) announces a share repurchase program. Under the program, the company will repurchase 1,424,900 shares, representing 2% of the outstanding shares for ¥1,600 million. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment and to improve shareholder profits by enhancing capital efficiency. The program will run until September 30, 2026. As of March 31, 2026, the company had 71,242,765 shares outstanding and 2,258,660 shares in treasury. Reported Earnings • May 12
Full year 2026 earnings: EPS and revenues exceed analyst expectations Full year 2026 results: EPS: JP¥58.51 (up from JP¥14.17 in FY 2025). Revenue: JP¥63.0b (up 16% from FY 2025). Net income: JP¥4.07b (up 316% from FY 2025). Profit margin: 6.5% (up from 1.8% in FY 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) also surpassed analyst estimates by 102%. Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 52% per year, which means it is well ahead of earnings. Ankündigung • May 12
Nippon Thompson Co., Ltd., Annual General Meeting, Jun 26, 2026 Nippon Thompson Co., Ltd., Annual General Meeting, Jun 26, 2026. New Risk • May 11
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 11% 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 (11% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Valuation Update With 7 Day Price Move • May 01
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥1,141, 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 114% over the past three years. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥14.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 30 June 2026. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%). Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥892, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 17x in the Machinery industry in Japan. Total returns to shareholders of 60% over the past three years. New Risk • Mar 03
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). Reported Earnings • Feb 10
Third quarter 2026 earnings released: EPS: JP¥18.14 (vs JP¥1.22 in 3Q 2025) Third quarter 2026 results: EPS: JP¥18.14 (up from JP¥1.22 in 3Q 2025). Revenue: JP¥15.4b (up 13% from 3Q 2025). Net income: JP¥1.27b (up JP¥1.18b from 3Q 2025). Profit margin: 8.2% (up from 0.6% in 3Q 2025). Revenue is forecast to grow 7.9% 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 49% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Board Change • Dec 22
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Outside Director Taketo Nasu was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • Dec 09
First half dividend of JP¥14.00 announced Shareholders will receive a dividend of JP¥14.00. Ex-date: 30th March 2026 Payment date: 30th June 2026 Dividend yield will be 3.7%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is covered by both earnings (59% earnings payout ratio) and cash flows (49% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 131% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Ankündigung • Nov 29
Nippon Thompson Co., Ltd. to Report Q3, 2026 Results on Feb 09, 2026 Nippon Thompson Co., Ltd. announced that they will report Q3, 2026 results on Feb 09, 2026 Reported Earnings • Nov 12
Second quarter 2026 earnings released: EPS: JP¥14.34 (vs JP¥3.52 in 2Q 2025) Second quarter 2026 results: EPS: JP¥14.34 (up from JP¥3.52 in 2Q 2025). Revenue: JP¥15.3b (up 12% from 2Q 2025). Net income: JP¥996.0m (up 310% from 2Q 2025). Profit margin: 6.5% (up from 1.8% in 2Q 2025). Revenue is forecast to grow 8.0% 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 59% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥13.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 09 December 2025. Payout ratio is a comfortable 70% and this is well supported by cash flows. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.0%). Reported Earnings • Aug 08
First quarter 2026 earnings released: EPS: JP¥10.26 (vs JP¥4.63 loss in 1Q 2025) First quarter 2026 results: EPS: JP¥10.26 (up from JP¥4.63 loss in 1Q 2025). Revenue: JP¥14.9b (up 15% from 1Q 2025). Net income: JP¥710.0m (up JP¥1.03b from 1Q 2025). Profit margin: 4.8% (up from net loss in 1Q 2025). Revenue is forecast to grow 8.2% 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 fallen by 58% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Price Target Changed • Jul 11
Price target increased by 11% to JP¥570 Up from JP¥514, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of JP¥564. Stock is down 12% over the past year. The company is forecast to post earnings per share of JP¥28.90 for next year compared to JP¥14.17 last year. Declared Dividend • Jul 09
Final dividend of JP¥13.00 announced Shareholders will receive a dividend of JP¥13.00. Ex-date: 29th September 2025 Payment date: 9th December 2025 Dividend yield will be 4.0%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is not covered by earnings (316% earnings payout ratio). However, it is covered by cash flows (64% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 251% to bring the payout ratio under control. EPS is expected to grow by 220% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. New Risk • Jul 05
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: Minor Risks Dividend is not well covered by earnings (316% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.8% net profit margin). Reported Earnings • May 13
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: JP¥14.17 (down from JP¥37.81 in FY 2024). Revenue: JP¥54.4b (down 1.2% from FY 2024). Net income: JP¥978.0m (down 63% from FY 2024). Profit margin: 1.8% (down from 4.9% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 96%. Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to JP¥384, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 11x in the Machinery industry in Japan. Total loss to shareholders of 19% over the past three years. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥9.50 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 26 June 2025. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 3.7%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.1%). Major Estimate Revision • Feb 21
Consensus EPS estimates increase by 150% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from JP¥2.90 to JP¥7.25. Revenue forecast steady at JP¥54.1b. Net income forecast to grow 311% next year vs 9.8% growth forecast for Machinery industry in Japan. Consensus price target down from JP¥577 to JP¥514. Share price was steady at JP¥484 over the past week. Price Target Changed • Feb 20
Price target decreased by 11% to JP¥514 Down from JP¥577, the current price target is an average from 2 analysts. New target price is 5.3% above last closing price of JP¥488. Stock is down 22% over the past year. The company is forecast to post earnings per share of JP¥2.90 for next year compared to JP¥37.81 last year. Reported Earnings • Feb 12
Third quarter 2025 earnings released: EPS: JP¥1.22 (vs JP¥9.62 in 3Q 2024) Third quarter 2025 results: EPS: JP¥1.22 (down from JP¥9.62 in 3Q 2024). Revenue: JP¥13.6b (flat on 3Q 2024). Net income: JP¥84.0m (down 88% from 3Q 2024). Profit margin: 0.6% (down from 5.0% in 3Q 2024). Revenue is forecast to grow 11% 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 38% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Feb 11
Consensus EPS estimates fall by 82%, revenue upgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from JP¥53.2b to JP¥54.1b. EPS estimate fell from JP¥16.00 to JP¥2.90 per share. Net income forecast to grow 70% next year vs 15% growth forecast for Machinery industry in Japan. Consensus price target of JP¥577 unchanged from last update. Share price was steady at JP¥511 over the past week. Declared Dividend • Dec 10
First half dividend of JP¥9.50 announced Shareholders will receive a dividend of JP¥9.50. Ex-date: 28th March 2025 Payment date: 26th June 2025 Dividend yield will be 3.8%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is not covered by earnings (130% earnings payout ratio) and 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 6.6% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 45% to bring the payout ratio under control. EPS is expected to grow by 340% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Ankündigung • Dec 03
Nippon Thompson Co., Ltd. to Report Q3, 2025 Results on Feb 10, 2025 Nippon Thompson Co., Ltd. announced that they will report Q3, 2025 results on Feb 10, 2025 Reported Earnings • Nov 13
Second quarter 2025 earnings released: EPS: JP¥3.52 (vs JP¥5.28 in 2Q 2024) Second quarter 2025 results: EPS: JP¥3.52 (down from JP¥5.28 in 2Q 2024). Revenue: JP¥13.7b (down 1.3% from 2Q 2024). Net income: JP¥243.0m (down 36% from 2Q 2024). Profit margin: 1.8% (down from 2.7% in 2Q 2024). Revenue is forecast to grow 10% 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 20% 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. Major Estimate Revision • Nov 12
Consensus EPS estimates increase by 25%, revenue downgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from JP¥56.0b to JP¥53.2b. EPS estimate rose from JP¥38.47 to JP¥47.90. Net income forecast to grow 216% next year vs 13% growth forecast for Machinery industry in Japan. Consensus price target down from JP¥592 to JP¥577. Share price fell 3.1% to JP¥466 over the past week. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥9.50 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 11 December 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.9%). Buy Or Sell Opportunity • Aug 16
Now 23% overvalued Over the last 90 days, the stock has fallen 15% to JP¥520. The fair value is estimated to be JP¥424, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue is forecast to grow by 20% in 2 years. Earnings are forecast to grow by 305% in the next 2 years. Reported Earnings • Aug 09
First quarter 2025 earnings released: JP¥4.63 loss per share (vs JP¥16.95 profit in 1Q 2024) First quarter 2025 results: JP¥4.63 loss per share (down from JP¥16.95 profit in 1Q 2024). Revenue: JP¥13.0b (down 11% from 1Q 2024). Net loss: JP¥319.0m (down 126% from profit in 1Q 2024). Revenue is forecast to grow 8.8% 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 1% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Price Target Changed • Aug 09
Price target decreased by 11% to JP¥592 Down from JP¥667, the current price target is an average from 2 analysts. New target price is 25% above last closing price of JP¥474. Stock is down 17% over the past year. The company is forecast to post earnings per share of JP¥29.04 for next year compared to JP¥37.81 last year. Major Estimate Revision • Aug 09
Consensus EPS estimates fall by 39% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from JP¥47.91 to JP¥29.04. Revenue forecast unchanged from JP¥56.0b at last update. Net income forecast to shrink 25% next year vs 11% growth forecast for Machinery industry in Japan . Consensus price target down from JP¥667 to JP¥592. Share price fell 16% to JP¥474 over the past week. New Risk • Aug 05
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 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.4% average weekly change). Profit margins are more than 30% lower than last year (4.9% net profit margin). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to JP¥466, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 12x in the Machinery industry in Japan. Total loss to shareholders of 20% over the past three years. Declared Dividend • Jul 11
Final dividend of JP¥9.50 announced Shareholders will receive a dividend of JP¥9.50. Ex-date: 27th September 2024 Payment date: 11th December 2024 Dividend yield will be 3.0%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is covered by earnings (35% 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 6.6% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 57% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 16
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: JP¥37.81 (down from JP¥105 in FY 2023). Revenue: JP¥55.0b (down 19% from FY 2023). Net income: JP¥2.67b (down 64% from FY 2023). Profit margin: 4.9% (down from 11% in FY 2023). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.2%. Revenue is forecast to grow 9.7% 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 25% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Major Estimate Revision • May 14
Consensus EPS estimates fall by 27% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from JP¥65.75 to JP¥47.92. Revenue forecast unchanged from JP¥56.0b at last update. Net income forecast to shrink 20% next year vs 8.1% growth forecast for Machinery industry in Japan . Consensus price target of JP¥668 unchanged from last update. Share price fell 7.3% to JP¥600 over the past week. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥9.50 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 28 June 2024. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.9%). Ankündigung • Mar 02
Nippon Thompson Co., Ltd. to Report Q4, 2024 Results on May 13, 2024 Nippon Thompson Co., Ltd. announced that they will report Q4, 2024 results on May 13, 2024 Reported Earnings • Feb 14
Third quarter 2024 earnings released: EPS: JP¥9.62 (vs JP¥21.87 in 3Q 2023) Third quarter 2024 results: EPS: JP¥9.62 (down from JP¥21.87 in 3Q 2023). Revenue: JP¥13.7b (down 23% from 3Q 2023). Net income: JP¥681.0m (down 56% from 3Q 2023). Profit margin: 5.0% (down from 8.8% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 9.3% 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 49% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Ankündigung • Nov 29
Nippon Thompson Co., Ltd. to Report Q3, 2024 Results on Feb 13, 2024 Nippon Thompson Co., Ltd. announced that they will report Q3, 2024 results on Feb 13, 2024 Reported Earnings • Nov 15
Second quarter 2024 earnings released: EPS: JP¥5.28 (vs JP¥28.88 in 2Q 2023) Second quarter 2024 results: EPS: JP¥5.28 (down from JP¥28.88 in 2Q 2023). Revenue: JP¥13.9b (down 21% from 2Q 2023). Net income: JP¥377.0m (down 82% from 2Q 2023). Profit margin: 2.7% (down from 12% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.0% 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 69% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Nov 14
Consensus EPS estimates fall by 31% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from JP¥57.5b to JP¥55.4b. EPS estimate also fell from JP¥59.72 per share to JP¥41.30 per share. Net income forecast to shrink 49% next year vs 6.7% growth forecast for Machinery industry in Japan . Consensus price target down from JP¥703 to JP¥668. Share price fell 3.2% to JP¥543 over the past week. Price Target Changed • Nov 13
Price target decreased by 11% to JP¥668 Down from JP¥750, the current price target is an average from 2 analysts. New target price is 20% above last closing price of JP¥555. Stock is up 3.4% over the past year. The company is forecast to post earnings per share of JP¥46.90 for next year compared to JP¥105 last year. Buying Opportunity • Nov 07
Now 20% undervalued Over the last 90 days, the stock is up 2.6%. The fair value is estimated to be JP¥705, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 1.0% in 2 years. Earnings is forecast to decline by 23% in the next 2 years. Buying Opportunity • Sep 29
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 6.4%. The fair value is estimated to be JP¥700, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 1.0% in 2 years. Earnings is forecast to decline by 23% in the next 2 years. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥9.50 per share at 3.3% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 12 December 2023. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 3.3%. Within top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (2.1%). Ankündigung • Aug 10
Nippon Thompson Co., Ltd. (TSE:6480) announces an Equity Buyback for 2,176,700 shares, representing 3% for ¥2,200 million. Nippon Thompson Co., Ltd. (TSE:6480) announces a share repurchase program. Under the program, the company will repurchase 2,176,700 shares, representing 3% of the outstanding shares for ¥2,200 million. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment and to improve shareholder profits by enhancing capital efficiency. The program will run until March 29, 2024. As of March 31, 2023, the company had 72,557,513 shares outstanding and 943,912 shares in treasury. Reported Earnings • Aug 10
First quarter 2024 earnings released: EPS: JP¥16.95 (vs JP¥30.10 in 1Q 2023) First quarter 2024 results: EPS: JP¥16.95 (down from JP¥30.10 in 1Q 2023). Revenue: JP¥14.6b (down 13% from 1Q 2023). Net income: JP¥1.21b (down 44% from 1Q 2023). Profit margin: 8.3% (down from 13% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 3 years compared to a 4.0% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Aug 10
Consensus EPS estimates increase by 26% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from JP¥57.4b to JP¥59.3b. EPS estimate increased from JP¥51.90 to JP¥65.35 per share. Net income forecast to shrink 38% next year vs 5.4% growth forecast for Machinery industry in Japan . Consensus price target of JP¥730 unchanged from last update. Share price rose 4.6% to JP¥572 over the past week. Reported Earnings • May 19
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: JP¥105 (up from JP¥58.26 in FY 2022). Revenue: JP¥68.3b (up 9.6% from FY 2022). Net income: JP¥7.47b (up 81% from FY 2022). Profit margin: 11% (up from 6.6% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.7%. Revenue is forecast to stay flat during the next 3 years compared to a 4.1% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥9.00 per share at 3.1% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 28 June 2023. Payout ratio is a comfortable 7.9% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.4%). Reported Earnings • Feb 14
Third quarter 2023 earnings released: EPS: JP¥21.87 (vs JP¥20.26 in 3Q 2022) Third quarter 2023 results: EPS: JP¥21.87 (up from JP¥20.26 in 3Q 2022). Revenue: JP¥17.8b (up 11% from 3Q 2022). Net income: JP¥1.56b (up 8.3% from 3Q 2022). Profit margin: 8.8% (down from 8.9% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat 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 92% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Ankündigung • Dec 15
Nippon Thompson Co., Ltd., Annual General Meeting, Jun 27, 2023 Nippon Thompson Co., Ltd., Annual General Meeting, Jun 27, 2023.