Buy Or Sell Opportunity • Jun 25
Now 20% overvalued Over the last 90 days, the stock has fallen 7.5% to JP¥3,283. The fair value is estimated to be JP¥2,734, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 9.8%. For the next 3 years, revenue is forecast to grow by 4.5% per annum. Earnings are also forecast to grow by 3.6% per annum over the same time period. Buy Or Sell Opportunity • Jun 10
Now 21% overvalued Over the last 90 days, the stock has fallen 6.3% to JP¥3,319. The fair value is estimated to be JP¥2,752, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 9.8%. For the next 3 years, revenue is forecast to grow by 4.6% per annum. Earnings are also forecast to grow by 3.7% per annum over the same time period. Reported Earnings • Jun 05
First quarter 2027 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2027 results: EPS: JP¥90.21 (up from JP¥51.49 in 1Q 2026). Revenue: JP¥908.9b (up 1.7% from 1Q 2026). Net income: JP¥58.5b (up 75% from 1Q 2026). Profit margin: 6.4% (up from 3.7% in 1Q 2026). The increase in margin was primarily driven by higher revenue. Revenue missed analyst estimates by 3.6%. Earnings per share (EPS) exceeded analyst estimates by 43%. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Consumer Durables 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 5% per year. Live-Nachrichten • Jun 04
Sekisui House Reports Record Q1 Profit and Sales With Higher Dividend on Domestic Growth Sekisui House reported record first-quarter profit and sales, supported mainly by its domestic development and rental housing businesses.
Overseas operations were weaker in comparison, but the domestic segments and gains from the sale of investment securities lifted overall results.
The company raised its full-year dividend plan while keeping full-year earnings guidance unchanged, citing ongoing market uncertainties.
The mix of strong domestic performance and higher extraordinary income from security sales has given Sekisui House room to increase its dividend without adjusting its earnings outlook.
Investors may want to watch how the weaker overseas operations evolve, since a sustained drag from those businesses could limit how much support domestic strength can provide over time. Declared Dividend • May 11
Final dividend of JP¥72.00 announced Shareholders will receive a dividend of JP¥72.00. Ex-date: 30th July 2026 Payment date: 30th September 2026 Dividend yield will be 4.2%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is covered by both earnings (40% earnings payout ratio) and cash flows (78% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 20% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Ankündigung • May 06
Sekisui House, Ltd. to Report Q1, 2027 Results on Jun 04, 2026 Sekisui House, Ltd. announced that they will report Q1, 2027 results on Jun 04, 2026 Reported Earnings • Mar 06
Full year 2026 earnings: EPS in line with expectations, revenues disappoint Full year 2026 results: EPS: JP¥358 (up from JP¥336 in FY 2025). Revenue: JP¥4.20t (up 3.4% from FY 2025). Net income: JP¥232.1b (up 6.6% from FY 2025). Profit margin: 5.5% (up from 5.4% in FY 2025). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Consumer Durables industry in Japan. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 9% per year. Ankündigung • Mar 05
Sekisui House, Ltd., Annual General Meeting, Apr 23, 2026 Sekisui House, Ltd., Annual General Meeting, Apr 23, 2026. Price Target Changed • Feb 26
Price target increased by 8.7% to JP¥4,146 Up from JP¥3,812, the current price target is an average from 9 analysts. New target price is 9.2% above last closing price of JP¥3,795. Stock is up 11% over the past year. The company is forecast to post earnings per share of JP¥356 for next year compared to JP¥336 last year. Upcoming Dividend • Jan 22
Upcoming dividend of JP¥72.00 per share Eligible shareholders must have bought the stock before 29 January 2026. Payment date: 24 April 2026. Payout ratio is a comfortable 46% but the company is not cash flow positive. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.5%). Reported Earnings • Dec 05
Third quarter 2026 earnings: EPS and revenues miss analyst expectations Third quarter 2026 results: EPS: JP¥70.13 (up from JP¥64.57 in 3Q 2025). Revenue: JP¥920.3b (down 8.3% from 3Q 2025). Net income: JP¥45.5b (up 8.6% from 3Q 2025). Profit margin: 4.9% (up from 4.2% in 3Q 2025). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates by 13%. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Consumer Durables industry in Japan. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 11% per year. Ankündigung • Oct 23
Sekisui House, Ltd. to Report Q3, 2026 Results on Dec 04, 2025 Sekisui House, Ltd. announced that they will report Q3, 2026 results on Dec 04, 2025 Declared Dividend • Oct 01
First half dividend of JP¥72.00 announced Shareholders will receive a dividend of JP¥72.00. Ex-date: 29th January 2026 Payment date: 24th April 2026 Dividend yield will be 4.4%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is covered by earnings (47% 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 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 28% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Sep 05
Second quarter 2026 earnings: EPS and revenues miss analyst expectations Second quarter 2026 results: EPS: JP¥105 (down from JP¥112 in 2Q 2025). Revenue: JP¥1.12t (up 3.6% from 2Q 2025). Net income: JP¥68.2b (down 6.0% from 2Q 2025). Profit margin: 6.1% (down from 6.7% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) also missed analyst estimates by 4.1%. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 1.3% growth forecast for the Consumer Durables industry in Japan. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 11% per year. Ankündigung • Jul 25
Sekisui House, Ltd. to Report Q2, 2026 Results on Sep 04, 2025 Sekisui House, Ltd. announced that they will report Q2, 2026 results on Sep 04, 2025 Upcoming Dividend • Jul 23
Upcoming dividend of JP¥72.00 per share Eligible shareholders must have bought the stock before 30 July 2025. Payment date: 30 September 2025. Payout ratio is a comfortable 44% but the company is not cash flow positive. Trailing yield: 4.4%. Within top quartile of Japanese dividend payers (3.9%). Higher than average of industry peers (1.7%). Reported Earnings • Jun 06
First quarter 2026 earnings: EPS and revenues miss analyst expectations First quarter 2026 results: EPS: JP¥51.49 (down from JP¥77.83 in 1Q 2025). Revenue: JP¥894.0b (up 15% from 1Q 2025). Net income: JP¥33.4b (down 34% from 1Q 2025). Profit margin: 3.7% (down from 6.5% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 13%. Earnings per share (EPS) also missed analyst estimates by 38%. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 1.2% growth forecast for the Consumer Durables 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. Declared Dividend • May 08
Final dividend of JP¥72.00 announced Shareholders will receive a dividend of JP¥72.00. Ex-date: 30th July 2025 Payment date: 30th September 2025 Dividend yield will be 4.3%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is covered by earnings (40% 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 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 25% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Ankündigung • Apr 24
Sekisui House, Ltd. to Report Q1, 2026 Results on Jun 05, 2025 Sekisui House, Ltd. announced that they will report Q1, 2026 results on Jun 05, 2025 Reported Earnings • Mar 07
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: JP¥336 (up from JP¥309 in FY 2024). Revenue: JP¥4.06t (up 31% from FY 2024). Net income: JP¥217.7b (up 7.6% from FY 2024). Profit margin: 5.4% (down from 6.5% in FY 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 2.1%. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, while revenues in the Consumer Durables industry in Japan are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 14% per year. Ankündigung • Mar 06
Sekisui House, Ltd., Annual General Meeting, Apr 23, 2025 Sekisui House, Ltd., Annual General Meeting, Apr 23, 2025. Ankündigung • Jan 24
Sekisui House, Ltd. to Report Fiscal Year 2025 Results on Mar 06, 2025 Sekisui House, Ltd. announced that they will report fiscal year 2025 results on Mar 06, 2025 Upcoming Dividend • Jan 23
Upcoming dividend of JP¥65.00 per share Eligible shareholders must have bought the stock before 30 January 2025. Payment date: 28 April 2025. Payout ratio is a comfortable 37% but the company is paying out more than the cash it is generating. Trailing yield: 3.6%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.6%). Reported Earnings • Dec 07
Third quarter 2025 earnings: EPS and revenues exceed analyst expectations Third quarter 2025 results: EPS: JP¥64.57 (down from JP¥76.04 in 3Q 2024). Revenue: JP¥1.00t (up 38% from 3Q 2024). Net income: JP¥41.8b (down 15% from 3Q 2024). Profit margin: 4.2% (down from 6.8% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 30%. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 1.3% growth forecast for the Consumer Durables industry in Japan. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 15% per year. Ankündigung • Oct 26
Sekisui House, Ltd. to Report Q3, 2025 Results on Dec 05, 2024 Sekisui House, Ltd. announced that they will report Q3, 2025 results on Dec 05, 2024 Reported Earnings • Sep 07
Second quarter 2025 earnings: EPS and revenues exceed analyst expectations Second quarter 2025 results: EPS: JP¥112 (up from JP¥77.04 in 2Q 2024). Revenue: JP¥1.08t (up 44% from 2Q 2024). Net income: JP¥72.6b (up 44% from 2Q 2024). Profit margin: 6.7% (in line with 2Q 2024). Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) also surpassed analyst estimates by 20%. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Consumer Durables industry in Japan. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 18% per year. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 24% After last week's 24% share price decline to JP¥2,888, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 11x in the Consumer Durables industry in Japan. Total returns to shareholders of 51% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,912 per share. Ankündigung • Jul 25
Sekisui House, Ltd. to Report Q2, 2025 Results on Sep 05, 2024 Sekisui House, Ltd. announced that they will report Q2, 2025 results on Sep 05, 2024 Upcoming Dividend • Jul 23
Upcoming dividend of JP¥64.00 per share Eligible shareholders must have bought the stock before 30 July 2024. Payment date: 30 September 2024. Payout ratio is a comfortable 38% but the company is not cash flow positive. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.7%). Reported Earnings • Jun 08
First quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2025 results: EPS: JP¥77.83 (up from JP¥63.33 in 1Q 2024). Revenue: JP¥777.1b (up 9.7% from 1Q 2024). Net income: JP¥50.4b (up 20% from 1Q 2024). Profit margin: 6.5% (up from 5.9% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.9%. Earnings per share (EPS) exceeded analyst estimates by 10%. Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Consumer Durables industry in Japan. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 18% per year. Declared Dividend • May 25
Final dividend of JP¥62.00 announced Shareholders will receive a dividend of JP¥62.00. Ex-date: 30th July 2024 Payment date: 30th September 2024 Dividend yield will be 3.6%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is covered by earnings (40% 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 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 23% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Ankündigung • May 02
Maruenu Co.,Ltd. signed a stock transfer agreement to acquire 24.43% stake in Japan Power Fastening Co.,Ltd. (TSE:5950) from Sekisui House, Ltd. (TSE:1928) for approximately ¥440 million. Maruenu Co.,Ltd. signed a stock transfer agreement to acquire 24.43% stake in Japan Power Fastening Co.,Ltd. (TSE:5950) from Sekisui House, Ltd. (TSE:1928) for approximately ¥440 million on May 1, 2024. Under the terms, Maruenu will pay ¥442,000,800 to acquire 3,877,200 shares in Japan Power Fastening. The transaction is expected to close on May 9, 2024. Ankündigung • Apr 27
Sekisui House, Ltd. to Report Q1, 2025 Results on Jun 06, 2024 Sekisui House, Ltd. announced that they will report Q1, 2025 results on Jun 06, 2024 Buy Or Sell Opportunity • Mar 18
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 12% to JP¥3,353. The fair value is estimated to be JP¥2,779, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.3% over the last 3 years. Earnings per share has grown by 14%. For the next 3 years, revenue is forecast to grow by 6.0% per annum. Earnings are also forecast to grow by 5.1% per annum over the same time period. Ankündigung • Mar 09
Sekisui House, Ltd., Annual General Meeting, Apr 25, 2024 Sekisui House, Ltd., Annual General Meeting, Apr 25, 2024. Reported Earnings • Mar 08
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: JP¥309 (up from JP¥277 in FY 2023). Revenue: JP¥3.11t (up 6.1% from FY 2023). Net income: JP¥202.3b (up 9.6% from FY 2023). Profit margin: 6.5% (up from 6.3% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.3%. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Consumer Durables industry in Japan. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 16% per year. Ankündigung • Jan 26
Sekisui House, Ltd. to Report Fiscal Year 2024 Results on Mar 07, 2024 Sekisui House, Ltd. announced that they will report fiscal year 2024 results on Mar 07, 2024 Upcoming Dividend • Jan 23
Upcoming dividend of JP¥59.00 per share at 3.4% yield Eligible shareholders must have bought the stock before 30 January 2024. Payment date: 26 April 2024. Payout ratio is a comfortable 44% but the company is not cash flow positive. Trailing yield: 3.4%. Within top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.6%). Reported Earnings • Dec 08
Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2024 results: EPS: JP¥76.04 (up from JP¥68.93 in 3Q 2023). Revenue: JP¥727.1b (up 2.9% from 3Q 2023). Net income: JP¥49.4b (up 8.0% from 3Q 2023). Profit margin: 6.8% (up from 6.5% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 4.4%. Earnings per share (EPS) exceeded analyst estimates by 8.1%. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Consumer Durables industry in Japan. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 15% per year. Ankündigung • Oct 27
Sekisui House, Ltd. to Report Q3, 2024 Results on Dec 07, 2023 Sekisui House, Ltd. announced that they will report Q3, 2024 results on Dec 07, 2023 Reported Earnings • Sep 08
Second quarter 2024 earnings: EPS exceeds analyst expectations Second quarter 2024 results: EPS: JP¥77.04 (up from JP¥69.62 in 2Q 2023). Revenue: JP¥754.2b (up 11% from 2Q 2023). Net income: JP¥50.6b (up 8.5% from 2Q 2023). Profit margin: 6.7% (down from 6.9% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 12%. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Consumer Durables industry in Japan. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 15% per year. Ankündigung • Jul 26
Sekisui House, Ltd. to Report Q2, 2024 Results on Sep 07, 2023 Sekisui House, Ltd. announced that they will report Q2, 2024 results on Sep 07, 2023 Upcoming Dividend • Jul 21
Upcoming dividend of JP¥59.00 per share at 4.0% yield Eligible shareholders must have bought the stock before 28 July 2023. Payment date: 02 October 2023. Payout ratio is a comfortable 43% but the company is paying out more than the cash it is generating. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.6%). Reported Earnings • Jun 09
First quarter 2024 earnings: EPS and revenues miss analyst expectations First quarter 2024 results: EPS: JP¥63.33 (down from JP¥85.40 in 1Q 2023). Revenue: JP¥708.3b (down 4.8% from 1Q 2023). Net income: JP¥41.9b (down 27% from 1Q 2023). Profit margin: 5.9% (down from 7.7% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 2.7%. Earnings per share (EPS) also missed analyst estimates by 13%. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Consumer Durables industry in Japan. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 10
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: JP¥277 (up from JP¥227 in FY 2022). Revenue: JP¥2.93t (up 13% from FY 2022). Net income: JP¥184.5b (up 20% from FY 2022). Profit margin: 6.3% (up from 5.9% 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 1.3%. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Consumer Durables industry in Japan. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 17% per year. Ankündigung • Jan 27
Sekisui House, Ltd. to Report Fiscal Year 2023 Results on Mar 09, 2023 Sekisui House, Ltd. announced that they will report fiscal year 2023 results on Mar 09, 2023 Upcoming Dividend • Jan 23
Upcoming dividend of JP¥52.00 per share Eligible shareholders must have bought the stock before 30 January 2023. Payment date: 27 April 2023. Payout ratio is a comfortable 35% but the company is paying out more than the cash it is generating. Trailing yield: 4.2%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.8%). Reported Earnings • Dec 10
Third quarter 2023 earnings: EPS exceeds analyst expectations Third quarter 2023 results: EPS: JP¥68.93 (up from JP¥64.20 in 3Q 2022). Revenue: JP¥706.4b (up 14% from 3Q 2022). Net income: JP¥45.7b (up 5.5% from 3Q 2022). Profit margin: 6.5% (down from 7.0% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 61%. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Consumer Durables industry in Japan. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Outside Director Shinichi Abe was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 11
Second quarter 2023 earnings: EPS and revenues exceed analyst expectations Second quarter 2023 results: EPS: JP¥69.62 (up from JP¥53.70 in 2Q 2022). Revenue: JP¥680.0b (up 11% from 2Q 2022). Net income: JP¥46.6b (up 28% from 2Q 2022). Profit margin: 6.9% (up from 5.9% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 34%. Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Consumer Durables industry in Japan. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 8% per year. Upcoming Dividend • Jul 21
Upcoming dividend of JP¥47.00 per share Eligible shareholders must have bought the stock before 28 July 2022. Payment date: 30 September 2022. Payout ratio is a comfortable 35% but the company is paying out more than the cash it is generating. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%). Reported Earnings • Jun 11
First quarter 2023 earnings: EPS and revenues exceed analyst expectations First quarter 2023 results: EPS: JP¥85.40 (up from JP¥53.20 in 1Q 2022). Revenue: JP¥743.7b (up 22% from 1Q 2022). Net income: JP¥57.5b (up 59% from 1Q 2022). Profit margin: 7.7% (up from 5.9% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 14%. Earnings per share (EPS) also surpassed analyst estimates by 56%. Over the next year, revenue is forecast to grow 2.5%, compared to a 9.3% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 10% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 8 non-independent directors. Independent Outside Director Satoshi Tanaka was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 12
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: JP¥227 (up from JP¥181 in FY 2021). Revenue: JP¥2.59t (up 5.8% from FY 2021). Net income: JP¥153.9b (up 25% from FY 2021). Profit margin: 5.9% (up from 5.0% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.1%. Over the next year, revenue is forecast to grow 3.5%, compared to a 5.2% growth forecast for the 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 increased by 9% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Jan 21
Upcoming dividend of JP¥45.00 per share Eligible shareholders must have bought the stock before 28 January 2022. Payment date: 28 April 2022. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.4%). Reported Earnings • Dec 17
Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2022 results: EPS: JP¥64.20 (up from JP¥43.31 in 3Q 2021). Revenue: JP¥621.2b (up 3.4% from 3Q 2021). Net income: JP¥43.3b (up 47% from 3Q 2021). Profit margin: 7.0% (up from 4.9% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 4.3%. Earnings per share (EPS) exceeded analyst estimates by 61%. Earnings per share (EPS) surpassed analyst estimates by 61%. Over the next year, revenue is forecast to grow 4.4%, compared to a 5.7% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Reported Earnings • Sep 12
Second quarter 2022 earnings released: EPS JP¥53.70 (vs JP¥42.25 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥615.0b (up 7.9% from 2Q 2021). Net income: JP¥36.4b (up 26% from 2Q 2021). Profit margin: 5.9% (up from 5.1% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Upcoming Dividend • Jul 22
Upcoming dividend of JP¥43.00 per share Eligible shareholders must have bought the stock before 29 July 2021. Payment date: 30 September 2021. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (1.4%). Reported Earnings • Jun 14
First quarter 2022 earnings released: EPS JP¥53.20 (vs JP¥44.85 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥608.6b (up 1.8% from 1Q 2021). Net income: JP¥36.2b (up 18% from 1Q 2021). Profit margin: 5.9% (up from 5.1% in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 4% per year. Reported Earnings • May 04
Full year 2021 earnings released: EPS JP¥181 (vs JP¥206 in FY 2020) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2021 results: Revenue: JP¥2.45t (up 1.3% from FY 2020). Net income: JP¥123.5b (down 13% from FY 2020). Profit margin: 5.0% (down from 5.8% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 3% per year. Is New 90 Day High Low • Mar 09
New 90-day high: JP¥2,233 The company is up 9.0% from its price of JP¥2,047 on 09 December 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Consumer Durables industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥2,268 per share. Reported Earnings • Mar 05
Full year 2021 earnings released: EPS JP¥181 (vs JP¥206 in FY 2020) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2021 results: Revenue: JP¥2.45t (up 1.3% from FY 2020). Net income: JP¥123.5b (down 13% from FY 2020). Profit margin: 5.0% (down from 5.8% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 4% per year. Analyst Estimate Surprise Post Earnings • Mar 05
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 0.8%. Earnings per share (EPS) also surpassed analyst estimates by 5.1%. Over the next year, revenue is forecast to grow 4.2%, compared to a 6.0% growth forecast for the Consumer Durables industry in Japan. Is New 90 Day High Low • Jan 13
New 90-day high: JP¥2,123 The company is up 18% from its price of JP¥1,798 on 15 October 2020. The Japanese market is up 12% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Consumer Durables industry, which is up 31% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥2,304 per share. Is New 90 Day High Low • Dec 28
New 90-day high: JP¥2,061 The company is up 8.0% from its price of JP¥1,911 on 29 September 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Consumer Durables industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥2,258 per share. 