Reported Earnings • Aug 08
First quarter 2027 earnings released: EPS: JP¥22.31 (vs JP¥32.20 in 1Q 2026) First quarter 2027 results: EPS: JP¥22.31 (down from JP¥32.20 in 1Q 2026). Revenue: JP¥11.5b (up 14% from 1Q 2026). Net income: JP¥175.0m (down 31% from 1Q 2026). Profit margin: 1.5% (down from 2.5% in 1Q 2026). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Ankündigung • Jun 26
Hokuriku Electric Industry Co.,Ltd. to Report Q1, 2027 Results on Aug 07, 2026 Hokuriku Electric Industry Co.,Ltd. announced that they will report Q1, 2027 results on Aug 07, 2026 Reported Earnings • May 13
Full year 2026 earnings released: EPS: JP¥253 (vs JP¥271 in FY 2025) Full year 2026 results: EPS: JP¥253 (down from JP¥271 in FY 2025). Revenue: JP¥43.1b (flat on FY 2025). Net income: JP¥1.99b (down 9.5% from FY 2025). Profit margin: 4.6% (down from 5.1% in FY 2025). Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Ankündigung • May 12
Hokuriku Electric Industry Co.,Ltd., Annual General Meeting, Jun 26, 2026 Hokuriku Electric Industry Co.,Ltd., Annual General Meeting, Jun 26, 2026. Ankündigung • Mar 24
Hokuriku Electric Industry Co.,Ltd. to Report Fiscal Year 2026 Results on May 12, 2026 Hokuriku Electric Industry Co.,Ltd. announced that they will report fiscal year 2026 results on May 12, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥90.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 08 June 2026. Payout ratio is a comfortable 34% 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%). Reported Earnings • Feb 10
Third quarter 2026 earnings released: EPS: JP¥79.52 (vs JP¥126 in 3Q 2025) Third quarter 2026 results: EPS: JP¥79.52 (down from JP¥126 in 3Q 2025). Revenue: JP¥11.4b (up 5.3% from 3Q 2025). Net income: JP¥624.0m (down 39% from 3Q 2025). Profit margin: 5.5% (down from 9.4% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Dec 20
Hokuriku Electric Industry Co.,Ltd. to Report Q3, 2026 Results on Feb 09, 2026 Hokuriku Electric Industry Co.,Ltd. announced that they will report Q3, 2026 results on Feb 09, 2026 Declared Dividend • Nov 12
Dividend of JP¥90.00 announced Dividend of JP¥90.00 is the same as last year. Ex-date: 30th March 2026 Payment date: 8th June 2026 Dividend yield will be 3.6%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (29% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has increased by an average of 8.4% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 211% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Ankündigung • Sep 26
Hokuriku Electric Industry Co.,Ltd. to Report Q2, 2026 Results on Nov 10, 2025 Hokuriku Electric Industry Co.,Ltd. announced that they will report Q2, 2026 results on Nov 10, 2025 New Risk • Aug 09
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.0% Last year net profit margin: 6.3% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. 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. Profit margins are more than 30% lower than last year (4.0% net profit margin). New Risk • Jul 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 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 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 (6.4% average weekly change). Ankündigung • Jun 26
Hokuriku Electric Industry Co.,Ltd. to Report Q1, 2026 Results on Aug 08, 2025 Hokuriku Electric Industry Co.,Ltd. announced that they will report Q1, 2026 results on Aug 08, 2025 Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥2,249, the stock trades at a trailing P/E ratio of 8.1x. Average trailing P/E is 12x in the Electronic industry in Japan. Total returns to shareholders of 109% over the past three years. Reported Earnings • May 10
Full year 2025 earnings released: EPS: JP¥271 (vs JP¥307 in FY 2024) Full year 2025 results: EPS: JP¥271 (down from JP¥307 in FY 2024). Revenue: JP¥43.2b (up 5.8% from FY 2024). Net income: JP¥2.19b (down 14% from FY 2024). Profit margin: 5.1% (down from 6.2% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Ankündigung • May 09
Hokuriku Electric Industry Co.,Ltd., Annual General Meeting, Jun 27, 2025 Hokuriku Electric Industry Co.,Ltd., Annual General Meeting, Jun 27, 2025. Valuation Update With 7 Day Price Move • May 07
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to JP¥1,877, the stock trades at a trailing P/E ratio of 6.8x. Average trailing P/E is 12x in the Electronic industry in Japan. Total returns to shareholders of 90% over the past three years. Ankündigung • Mar 26
Hokuriku Electric Industry Co.,Ltd. to Report Fiscal Year 2025 Results on May 09, 2025 Hokuriku Electric Industry Co.,Ltd. announced that they will report fiscal year 2025 results on May 09, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥80.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 06 June 2025. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 4.9%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.7%). Reported Earnings • Feb 12
Third quarter 2025 earnings released: EPS: JP¥126 (vs JP¥78.60 in 3Q 2024) Third quarter 2025 results: EPS: JP¥126 (up from JP¥78.60 in 3Q 2024). Revenue: JP¥10.9b (up 3.8% from 3Q 2024). Net income: JP¥1.02b (up 59% from 3Q 2024). Profit margin: 9.4% (up from 6.2% in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Ankündigung • Dec 21
Hokuriku Electric Industry Co.,Ltd. to Report Q3, 2025 Results on Feb 10, 2025 Hokuriku Electric Industry Co.,Ltd. announced that they will report Q3, 2025 results on Feb 10, 2025 New Risk • Dec 04
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.5% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. 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 (5.4% average weekly change). Shareholders have been diluted in the past year (3.5% increase in shares outstanding). Market cap is less than US$100m (JP¥13.2b market cap, or US$88.6m). New Risk • Nov 27
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 5.4% 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 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 (5.4% average weekly change). Market cap is less than US$100m (JP¥12.8b market cap, or US$84.8m). Valuation Update With 7 Day Price Move • Nov 15
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥1,566, the stock trades at a trailing P/E ratio of 7.1x. Average trailing P/E is 13x in the Electronic industry in Japan. Total returns to shareholders of 40% over the past three years. Declared Dividend • Nov 11
Dividend of JP¥80.00 announced Shareholders will receive a dividend of JP¥80.00. Ex-date: 28th March 2025 Payment date: 6th June 2025 Dividend yield will be 5.1%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (27% earnings payout ratio) and cash flows (13% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 16% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 10
Second quarter 2025 earnings released: EPS: JP¥3.43 (vs JP¥98.43 in 2Q 2024) Second quarter 2025 results: EPS: JP¥3.43 (down from JP¥98.43 in 2Q 2024). Revenue: JP¥10.9b (up 2.7% from 2Q 2024). Net income: JP¥28.0m (down 97% from 2Q 2024). Profit margin: 0.3% (down from 7.7% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Ankündigung • Nov 08
Hokuriku Electric Industry Co.,Ltd. (TSE:6989) announces an Equity Buyback for 360,000 shares, representing 4.41% for ¥500 million. Hokuriku Electric Industry Co.,Ltd. (TSE:6989) announces a share repurchase program. Under the program, the company will repurchase up to 360,000 shares, representing 4.41% of its issued share capital (excluding treasury stock), for ¥500 million. The purpose of the program is to return profits to shareholders, improve capital efficiency, and implement a flexible capital policy that responds to the business environment. The program will run until June 20, 2025. As of October 31, 2024, the company had 8,168,461 shares in issue (including treasury stock) and 1,081,638 shares in treasury. Ankündigung • Sep 21
Hokuriku Electric Industry Co.,Ltd. to Report Q2, 2025 Results on Nov 08, 2024 Hokuriku Electric Industry Co.,Ltd. announced that they will report Q2, 2025 results on Nov 08, 2024 Reported Earnings • Aug 11
First quarter 2025 earnings released: EPS: JP¥92.13 (vs JP¥82.67 in 1Q 2024) First quarter 2025 results: EPS: JP¥92.13 (up from JP¥82.67 in 1Q 2024). Revenue: JP¥10.5b (up 2.6% from 1Q 2024). Net income: JP¥752.0m (up 8.7% from 1Q 2024). Profit margin: 7.1% (up from 6.7% in 1Q 2024). 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 6% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Aug 06
Now 22% overvalued Over the last 90 days, the stock has fallen 13% to JP¥1,190. The fair value is estimated to be JP¥975, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.6% over the last 3 years, while earnings per share has been flat. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥1,152, the stock trades at a trailing P/E ratio of 3.7x. Average trailing P/E is 12x in the Electronic industry in Japan. Total returns to shareholders of 14% over the past three years. Ankündigung • Jun 25
Hokuriku Electric Industry Co.,Ltd. to Report Q1, 2025 Results on Aug 09, 2024 Hokuriku Electric Industry Co.,Ltd. announced that they will report Q1, 2025 results on Aug 09, 2024 Reported Earnings • May 12
Full year 2024 earnings released: EPS: JP¥307 (vs JP¥77.30 in FY 2023) Full year 2024 results: EPS: JP¥307 (up from JP¥77.30 in FY 2023). Revenue: JP¥40.8b (down 10% from FY 2023). Net income: JP¥2.54b (up 292% from FY 2023). Profit margin: 6.2% (up from 1.4% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Ankündigung • May 12
Hokuriku Electric Industry Co.,Ltd., Annual General Meeting, Jun 27, 2024 Hokuriku Electric Industry Co.,Ltd., Annual General Meeting, Jun 27, 2024. Ankündigung • Mar 23
Hokuriku Electric Industry Co.,Ltd. to Report Fiscal Year 2024 Results on May 10, 2024 Hokuriku Electric Industry Co.,Ltd. announced that they will report fiscal year 2024 results on May 10, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥55.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is on the higher end at 94%, however this is supported by cash flows. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.4%). Reported Earnings • Feb 11
Third quarter 2024 earnings released: EPS: JP¥78.58 (vs JP¥61.52 in 3Q 2023) Third quarter 2024 results: EPS: JP¥78.58 (up from JP¥61.52 in 3Q 2023). Revenue: JP¥10.5b (down 3.8% from 3Q 2023). Net income: JP¥643.0m (up 25% from 3Q 2023). Profit margin: 6.2% (up from 4.7% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Dec 16
Hokuriku Electric Industry Co.,Ltd. to Report Q3, 2024 Results on Feb 09, 2024 Hokuriku Electric Industry Co.,Ltd. announced that they will report Q3, 2024 results on Feb 09, 2024 Reported Earnings • Nov 12
Second quarter 2024 earnings released: EPS: JP¥98.40 (vs JP¥143 in 2Q 2023) Second quarter 2024 results: EPS: JP¥98.40 (down from JP¥143 in 2Q 2023). Revenue: JP¥10.6b (down 21% from 2Q 2023). Net income: JP¥819.0m (down 32% from 2Q 2023). Profit margin: 7.7% (down from 8.9% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Ankündigung • Sep 25
Hokuriku Electric Industry Co.,Ltd. to Report Q2, 2024 Results on Nov 10, 2023 Hokuriku Electric Industry Co.,Ltd. announced that they will report Q2, 2024 results on Nov 10, 2023 Reported Earnings • Aug 12
First quarter 2024 earnings released: EPS: JP¥82.66 (vs JP¥71.82 in 1Q 2023) First quarter 2024 results: EPS: JP¥82.66 (up from JP¥71.82 in 1Q 2023). Revenue: JP¥10.3b (up 2.1% from 1Q 2023). Net income: JP¥692.0m (up 15% from 1Q 2023). Profit margin: 6.7% (up from 6.0% in 1Q 2023). 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 14% per year, which means it is significantly lagging earnings growth. Ankündigung • Aug 11
Hokuriku Electric Industry Co.,Ltd. (TSE:6989) announces an Equity Buyback for 230,000 shares, representing 2.75% for ¥300 million. Hokuriku Electric Industry Co.,Ltd. (TSE:6989) announces a share repurchase program. Under the program, the company will repurchase up to 230,000 shares, representing 2.76% of its issued share capital (excluding treasury stock), for ¥300 million. The purpose of the program is to return profits to shareholders, improve capital efficiency, and implement a flexible capital policy that responds to the business environment. The program will run until December 29, 2023. As of July 31, 2023, the company had 9,250,099 shares in issue (including treasury stock) and 873,970 shares in treasury. Ankündigung • Jun 26
Hokuriku Electric Industry Co.,Ltd. to Report Q1, 2024 Results on Aug 10, 2023 Hokuriku Electric Industry Co.,Ltd. announced that they will report Q1, 2024 results on Aug 10, 2023 Reported Earnings • May 13
Full year 2023 earnings released: EPS: JP¥77.30 (vs JP¥233 in FY 2022) Full year 2023 results: EPS: JP¥77.30 (down from JP¥233 in FY 2022). Revenue: JP¥45.5b (up 12% from FY 2022). Net income: JP¥647.0m (down 67% from FY 2022). Profit margin: 1.4% (down from 4.8% in FY 2022). Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Ankündigung • May 13
Hokuriku Electric Industry Co.,Ltd., Annual General Meeting, Jun 29, 2023 Hokuriku Electric Industry Co.,Ltd., Annual General Meeting, Jun 29, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥55.00 per share at 3.3% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 12% but the company is not cash flow positive. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%). Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: JP¥61.51 (vs JP¥64.76 in 3Q 2022) Third quarter 2023 results: EPS: JP¥61.51 (down from JP¥64.76 in 3Q 2022). Revenue: JP¥10.9b (flat on 3Q 2022). Net income: JP¥515.0m (down 5.0% from 3Q 2022). Profit margin: 4.7% (down from 5.0% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Ankündigung • Dec 24
Hokuriku Electric Industry Co.,Ltd. to Report Q3, 2023 Results on Feb 10, 2023 Hokuriku Electric Industry Co.,Ltd. announced that they will report Q3, 2023 results on Feb 10, 2023 Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 7 experienced directors. 2 highly experienced directors. 2 independent directors (8 non-independent directors). Independent Outside Director Satoshi Kikushima was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 13
Second quarter 2023 earnings released: EPS: JP¥143 (vs JP¥47.56 in 2Q 2022) Second quarter 2023 results: EPS: JP¥143 (up from JP¥47.56 in 2Q 2022). Revenue: JP¥13.5b (up 41% from 2Q 2022). Net income: JP¥1.20b (up 202% from 2Q 2022). Profit margin: 8.9% (up from 4.2% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Ankündigung • Sep 23
Hokuriku Electric Industry Co.,Ltd. to Report Q2, 2023 Results on Nov 11, 2022 Hokuriku Electric Industry Co.,Ltd. announced that they will report Q2, 2023 results on Nov 11, 2022 Reported Earnings • Aug 12
First quarter 2023 earnings released: EPS: JP¥71.82 (vs JP¥36.92 in 1Q 2022) First quarter 2023 results: EPS: JP¥71.82 (up from JP¥36.92 in 1Q 2022). Revenue: JP¥10.0b (up 12% from 1Q 2022). Net income: JP¥601.0m (up 95% from 1Q 2022). Profit margin: 6.0% (up from 3.4% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Ankündigung • Aug 12
Hokuriku Electric Industry Co.,Ltd. Provides Dividend Guidance for the Fiscal Year Ending March 31, 2023 Hokuriku Electric Industry Co.,Ltd. expected to pay dividend of JPY 45 per share for the fiscal year ending March 31, 2023 compared to JPY 45 per share paid a year ago. Ankündigung • Jun 25
Hokuriku Electric Industry Co.,Ltd. to Report Q1, 2023 Results on Aug 10, 2022 Hokuriku Electric Industry Co.,Ltd. announced that they will report Q1, 2023 results on Aug 10, 2022 Reported Earnings • May 11
Full year 2022 earnings released: EPS: JP¥233 (vs JP¥53.40 in FY 2021) Full year 2022 results: EPS: JP¥233 (up from JP¥53.40 in FY 2021). Revenue: JP¥40.4b (up 23% from FY 2021). Net income: JP¥1.95b (up 336% from FY 2021). Profit margin: 4.8% (up from 1.4% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. GM of Management Strategy Office & Director Yasuhiro Takata was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 28 June 2022. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.3%). Reported Earnings • Feb 12
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥64.75 (up from JP¥7.77 in 3Q 2021). Revenue: JP¥10.8b (up 23% from 3Q 2021). Net income: JP¥542.0m (up JP¥477.0m from 3Q 2021). Profit margin: 5.0% (up from 0.7% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Nov 18
Investor sentiment improved over the past week After last week's 16% share price gain to JP¥1,243, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 14x in the Electronic industry in Japan. Total returns to shareholders of 31% over the past three years. Reported Earnings • Nov 10
Second quarter 2022 earnings released: EPS JP¥47.55 (vs JP¥8.36 loss in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥9.55b (up 30% from 2Q 2021). Net income: JP¥398.0m (up JP¥468.0m from 2Q 2021). Profit margin: 4.2% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year and the company’s share price has also fallen by 1% per year. Reported Earnings • Aug 12
First quarter 2022 earnings released: EPS JP¥36.92 (vs JP¥32.73 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥9.01b (up 29% from 1Q 2021). Net income: JP¥309.0m (up JP¥583.0m from 1Q 2021). Profit margin: 3.4% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 28% 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. Reported Earnings • May 14
Full year 2021 earnings released: EPS JP¥53.40 (vs JP¥79.17 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥32.8b (down 15% from FY 2020). Net income: JP¥447.0m (down 33% from FY 2020). Profit margin: 1.4% (down from 1.7% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 29 June 2021. Trailing yield: 3.0%. Within top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.1%). Reported Earnings • Feb 14
Third quarter 2021 earnings released: EPS JP¥7.76 (vs JP¥30.45 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥8.78b (down 7.4% from 3Q 2020). Net income: JP¥65.0m (down 75% from 3Q 2020). Profit margin: 0.7% (down from 2.7% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Ankündigung • Dec 25
Hokuriku Electric Industry Co.,Ltd. to Report Q3, 2021 Results on Feb 12, 2021 Hokuriku Electric Industry Co.,Ltd. announced that they will report Q3, 2021 results on Feb 12, 2021 Ankündigung • Sep 27
Hokuriku Electric Industry Co.,Ltd. to Report Q2, 2021 Results on Nov 10, 2020 Hokuriku Electric Industry Co.,Ltd. announced that they will report Q2, 2021 results on Nov 10, 2020 Ankündigung • Jun 28
Hokuriku Electric Industry Co.,Ltd. to Report Q1, 2021 Results on Aug 07, 2020 Hokuriku Electric Industry Co.,Ltd. announced that they will report Q1, 2021 results on Aug 07, 2020