Anuncio • Jun 30
Ohara Inc. to Report Q3, 2026 Results on Sep 11, 2026 Ohara Inc. announced that they will report Q3, 2026 results on Sep 11, 2026 Declared Dividend • Jun 15
Dividend of JP¥25.00 announced Shareholders will receive a dividend of JP¥25.00. Ex-date: 29th October 2026 Payment date: 2nd February 2027 Dividend yield will be 1.6%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (42% 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 9.6% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 17% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Jun 14
Second quarter 2026 earnings released: EPS: JP¥4.84 (vs JP¥18.51 in 2Q 2025) Second quarter 2026 results: EPS: JP¥4.84 (down from JP¥18.51 in 2Q 2025). Revenue: JP¥7.96b (up 15% from 2Q 2025). Net income: JP¥115.0m (down 75% from 2Q 2025). Profit margin: 1.4% (down from 6.5% in 2Q 2025). Over the last 3 years on average, earnings per share has fallen by 4% per year and the company’s share price has also fallen by 4% per year. New Risk • Jun 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 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • May 27
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥1,566, the stock trades at a trailing P/E ratio of 21.1x. Average trailing P/E is 16x in the Electronic industry in Japan. Total returns to shareholders of 37% over the past three years. Reported Earnings • Mar 14
First quarter 2026 earnings released: EPS: JP¥14.05 (vs JP¥12.52 in 1Q 2025) First quarter 2026 results: EPS: JP¥14.05 (up from JP¥12.52 in 1Q 2025). Revenue: JP¥7.18b (up 4.4% from 1Q 2025). Net income: JP¥338.0m (up 11% from 1Q 2025). Profit margin: 4.7% (up from 4.4% in 1Q 2025). Revenue is forecast to stay flat during the next 2 years compared to a 7.2% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has fallen by 7% 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. Reported Earnings • Dec 16
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: EPS: JP¥71.01 (up from JP¥64.36 in FY 2024). Revenue: JP¥28.9b (up 3.5% from FY 2024). Net income: JP¥1.73b (up 10% from FY 2024). Profit margin: 6.0% (up from 5.6% in FY 2024). Revenue exceeded analyst estimates by 4.3%. Earnings per share (EPS) missed analyst estimates by 25%. Revenue is forecast to stay flat during the next 2 years compared to a 6.5% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has fallen by 12% 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. Anuncio • Oct 28
Ohara Inc. to Report Fiscal Year 2025 Results on Dec 11, 2025 Ohara Inc. announced that they will report fiscal year 2025 results at 3:00 PM, Tokyo Standard Time on Dec 11, 2025 Upcoming Dividend • Oct 23
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 30 October 2025. Payment date: 30 January 2026. Payout ratio is a comfortable 37% but the company is paying out more than the cash it is generating. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.6%). New Risk • Oct 06
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 5.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 5.6% per year for the foreseeable future. Minor Risk Dividend is not well covered by cash flows (128% cash payout ratio). Reported Earnings • Sep 15
Third quarter 2025 earnings released: EPS: JP¥15.35 (vs JP¥23.31 in 3Q 2024) Third quarter 2025 results: EPS: JP¥15.35 (down from JP¥23.31 in 3Q 2024). Revenue: JP¥7.27b (down 4.3% from 3Q 2024). Net income: JP¥374.0m (down 34% from 3Q 2024). Profit margin: 5.1% (down from 7.5% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has fallen by 16% 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. Anuncio • Jul 30
Ohara Inc. to Report Q3, 2025 Results on Sep 12, 2025 Ohara Inc. announced that they will report Q3, 2025 results on Sep 12, 2025 Reported Earnings • Jun 16
Second quarter 2025 earnings released: EPS: JP¥18.51 (vs JP¥20.07 in 2Q 2024) Second quarter 2025 results: EPS: JP¥18.51 (down from JP¥20.07 in 2Q 2024). Revenue: JP¥6.93b (flat on 2Q 2024). Net income: JP¥451.0m (down 7.8% from 2Q 2024). Profit margin: 6.5% (down from 7.1% in 2Q 2024). Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has fallen by 17% 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. Declared Dividend • Jun 16
Dividend of JP¥25.00 announced Shareholders will receive a dividend of JP¥25.00. Ex-date: 30th October 2025 Payment date: 30th January 2026 Dividend yield will be 2.5%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (33% earnings payout ratio) and cash flows (55% cash payout ratio). The dividend has increased by an average of 9.6% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 39% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Jun 04
Now 20% overvalued Over the last 90 days, the stock has fallen 3.0% to JP¥1,050. The fair value is estimated to be JP¥873, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 19%. Revenue is forecast to grow by 11% in 2 years. Earnings are forecast to grow by 20% in the next 2 years. Anuncio • Apr 29
Ohara Inc. to Report Q2, 2025 Results on Jun 13, 2025 Ohara Inc. announced that they will report Q2, 2025 results on Jun 13, 2025 Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥941, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 11x in the Electronic industry in Japan. Total loss to shareholders of 15% over the past three years. Reported Earnings • Mar 15
First quarter 2025 earnings released: EPS: JP¥12.52 (vs JP¥4.76 in 1Q 2024) First quarter 2025 results: EPS: JP¥12.52 (up from JP¥4.76 in 1Q 2024). Revenue: JP¥6.87b (up 8.3% from 1Q 2024). Net income: JP¥305.0m (up 163% from 1Q 2024). Profit margin: 4.4% (up from 1.8% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Anuncio • Jan 28
Ohara Inc. to Report Q1, 2025 Results on Mar 14, 2025 Ohara Inc. announced that they will report Q1, 2025 results on Mar 14, 2025 Buy Or Sell Opportunity • Jan 08
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 16% to JP¥1,197. The fair value is estimated to be JP¥1,504, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.0% over the last 3 years. Earnings per share has declined by 16%. For the next 3 years, revenue is forecast to grow by 6.7% per annum. Earnings are also forecast to grow by 20% per annum over the same time period. Buy Or Sell Opportunity • Dec 15
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 13% to JP¥1,135. The fair value is estimated to be JP¥1,493, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.0% over the last 3 years. Earnings per share has declined by 16%. Revenue is forecast to grow by 16% in 2 years. Earnings are forecast to grow by 79% in the next 2 years. Reported Earnings • Dec 13
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: JP¥64.36 (down from JP¥64.53 in FY 2023). Revenue: JP¥27.9b (flat on FY 2023). Net income: JP¥1.57b (flat on FY 2023). Profit margin: 5.6% (in line with FY 2023). Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) also surpassed analyst estimates by 12%. Revenue is forecast to grow 7.6% p.a. on average during the next 2 years, compared to a 7.4% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has fallen by 16% 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. Anuncio • Dec 12
Ohara Inc., Annual General Meeting, Jan 29, 2025 Ohara Inc., Annual General Meeting, Jan 29, 2025. Anuncio • Oct 29
Ohara Inc. to Report Fiscal Year 2024 Results on Dec 12, 2024 Ohara Inc. announced that they will report fiscal year 2024 results on Dec 12, 2024 Upcoming Dividend • Oct 23
Upcoming dividend of JP¥23.00 per share Eligible shareholders must have bought the stock before 30 October 2024. Payment date: 28 January 2025. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.6%). Reported Earnings • Sep 17
Third quarter 2024 earnings released: EPS: JP¥23.31 (vs JP¥13.71 in 3Q 2023) Third quarter 2024 results: EPS: JP¥23.31 (up from JP¥13.71 in 3Q 2023). Revenue: JP¥7.59b (up 10% from 3Q 2023). Net income: JP¥568.0m (up 70% from 3Q 2023). Profit margin: 7.5% (up from 4.8% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. 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 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. 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 (7.5% average weekly change). Profit margins are more than 30% lower than last year (3.6% net profit margin). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 29% After last week's 29% share price decline to JP¥1,002, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 12x in the Electronic industry in Japan. Total loss to shareholders of 23% over the past three years. Anuncio • Jul 27
Ohara Inc. to Report Q3, 2024 Results on Sep 13, 2024 Ohara Inc. announced that they will report Q3, 2024 results on Sep 13, 2024 Declared Dividend • Jun 17
Dividend of JP¥23.00 announced Shareholders will receive a dividend of JP¥23.00. Ex-date: 30th October 2024 Payment date: 28th January 2025 Dividend yield will be 1.8%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (51% earnings payout ratio) but not covered by cash flows (342% cash payout ratio). The dividend has increased by an average of 8.7% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 145% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jun 16
Second quarter 2024 earnings released: EPS: JP¥20.07 (vs JP¥25.33 in 2Q 2023) Second quarter 2024 results: EPS: JP¥20.07 (down from JP¥25.33 in 2Q 2023). Revenue: JP¥6.90b (down 8.1% from 2Q 2023). Net income: JP¥489.0m (down 21% from 2Q 2023). Profit margin: 7.1% (down from 8.2% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Anuncio • Apr 29
Ohara Inc. to Report Q2, 2024 Results on Jun 14, 2024 Ohara Inc. announced that they will report Q2, 2024 results on Jun 14, 2024 Reported Earnings • Mar 09
First quarter 2024 earnings released: EPS: JP¥4.76 (vs JP¥24.76 in 1Q 2023) First quarter 2024 results: EPS: JP¥4.76 (down from JP¥24.76 in 1Q 2023). Revenue: JP¥6.35b (down 9.9% from 1Q 2023). Net income: JP¥116.0m (down 81% from 1Q 2023). Profit margin: 1.8% (down from 8.6% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Board Change • Feb 06
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. 6 experienced directors. 2 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Outside Director Yukako Makino was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Anuncio • Jan 28
Ohara Inc. to Report Q1, 2024 Results on Mar 08, 2024 Ohara Inc. announced that they will report Q1, 2024 results on Mar 08, 2024 Anuncio • Dec 16
Ohara Inc., Annual General Meeting, Jan 25, 2024 Ohara Inc., Annual General Meeting, Jan 25, 2024. Reported Earnings • Dec 15
Full year 2023 earnings released: EPS: JP¥64.53 (vs JP¥86.89 in FY 2022) Full year 2023 results: EPS: JP¥64.53 (down from JP¥86.89 in FY 2022). Revenue: JP¥28.1b (flat on FY 2022). Net income: JP¥1.57b (down 26% from FY 2022). Profit margin: 5.6% (down from 7.5% in FY 2022). Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Anuncio • Oct 28
Ohara Inc. to Report Fiscal Year 2023 Results on Dec 14, 2023 Ohara Inc. announced that they will report fiscal year 2023 results on Dec 14, 2023 Upcoming Dividend • Oct 23
Upcoming dividend of JP¥20.00 per share at 1.5% yield Eligible shareholders must have bought the stock before 30 October 2023. Payment date: 29 January 2024. Payout ratio is a comfortable 23% but the company is not cash flow positive. Trailing yield: 1.5%. Lower than top quartile of Japanese dividend payers (3.4%). In line with average of industry peers (1.6%). Reported Earnings • Sep 11
Third quarter 2023 earnings released: EPS: JP¥13.71 (vs JP¥24.23 in 3Q 2022) Third quarter 2023 results: EPS: JP¥13.71 (down from JP¥24.23 in 3Q 2022). Revenue: JP¥6.89b (down 6.5% from 3Q 2022). Net income: JP¥334.0m (down 43% from 3Q 2022). Profit margin: 4.8% (down from 8.0% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Anuncio • Jul 29
Ohara Inc. to Report Q3, 2023 Results on Sep 08, 2023 Ohara Inc. announced that they will report Q3, 2023 results on Sep 08, 2023 Valuation Update With 7 Day Price Move • Jun 16
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to JP¥1,626, the stock trades at a trailing P/E ratio of 16.8x. Average trailing P/E is 13x in the Electronic industry in Japan. Total returns to shareholders of 64% over the past three years. New Risk • Jun 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 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: Major Risk Earnings have declined by 4.5% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (5.4% average weekly change). Reported Earnings • Jun 11
Second quarter 2023 earnings released: EPS: JP¥25.33 (vs JP¥17.41 in 2Q 2022) Second quarter 2023 results: EPS: JP¥25.33 (up from JP¥17.41 in 2Q 2022). Revenue: JP¥7.51b (up 9.1% from 2Q 2022). Net income: JP¥617.0m (up 46% from 2Q 2022). Profit margin: 8.2% (up from 6.2% 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 91% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 11
First quarter 2023 earnings released: EPS: JP¥24.76 (vs JP¥23.00 in 1Q 2022) First quarter 2023 results: EPS: JP¥24.76 (up from JP¥23.00 in 1Q 2022). Revenue: JP¥7.04b (up 5.1% from 1Q 2022). Net income: JP¥603.0m (up 7.7% from 1Q 2022). Profit margin: 8.6% (up from 8.4% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Anuncio • Jan 28
Ohara Inc. to Report Q1, 2023 Results on Mar 10, 2023 Ohara Inc. announced that they will report Q1, 2023 results on Mar 10, 2023 Reported Earnings • Dec 17
Full year 2022 earnings released: EPS: JP¥86.89 (vs JP¥59.97 in FY 2021) Full year 2022 results: EPS: JP¥86.89 (up from JP¥59.97 in FY 2021). Revenue: JP¥28.3b (up 20% from FY 2021). Net income: JP¥2.12b (up 45% from FY 2021). Profit margin: 7.5% (up from 6.2% 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 62% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Anuncio • Dec 17
Ohara Inc., Annual General Meeting, Jan 26, 2023 Ohara Inc., Annual General Meeting, Jan 26, 2023. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 11 experienced directors. 1 highly experienced director. President, CEO & Director Hirokazu Saito was the last director to join the board, commencing their role in 2009. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Upcoming Dividend • Oct 21
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 28 October 2022. Payment date: 28 January 2023. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (1.6%). Reported Earnings • Sep 11
Third quarter 2022 earnings released: EPS: JP¥24.23 (vs JP¥22.34 in 3Q 2021) Third quarter 2022 results: EPS: JP¥24.23 (up from JP¥22.34 in 3Q 2021). Revenue: JP¥7.37b (up 14% from 3Q 2021). Net income: JP¥590.0m (up 8.5% from 3Q 2021). Profit margin: 8.0% (down from 8.4% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 13
Second quarter 2022 earnings released: EPS: JP¥17.41 (vs JP¥13.60 in 2Q 2021) Second quarter 2022 results: EPS: JP¥17.41 (up from JP¥13.60 in 2Q 2021). Revenue: JP¥6.89b (up 21% from 2Q 2021). Net income: JP¥424.0m (up 28% from 2Q 2021). Profit margin: 6.2% (up from 5.8% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 5.6% compared to a 9.2% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 5% per year. Price Target Changed • Apr 27
Price target decreased to JP¥1,400 Down from JP¥1,700, the current price target is provided by 1 analyst. New target price is 29% above last closing price of JP¥1,086. Stock is down 33% over the past year. The company is forecast to post earnings per share of JP¥30.00 for next year compared to JP¥59.97 last year. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 11 experienced directors. 1 highly experienced director. President, CEO & Director Hirokazu Saito was the last director to join the board, commencing their role in 2009. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Valuation Update With 7 Day Price Move • Mar 18
Investor sentiment improved over the past week After last week's 19% share price gain to JP¥1,312, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 11x in the Electronic industry in Japan. Total returns to shareholders of 9.9% over the past three years. Reported Earnings • Mar 13
First quarter 2022 earnings: EPS and revenues exceed analyst expectations First quarter 2022 results: EPS: JP¥23.00 (up from JP¥1.60 loss in 1Q 2021). Revenue: JP¥6.70b (up 38% from 1Q 2021). Net income: JP¥560.0m (up JP¥599.0m from 1Q 2021). Profit margin: 8.4% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 3.2%. Earnings per share (EPS) also surpassed analyst estimates by 32%. Over the next year, revenue is expected to shrink by 1.8% compared to a 8.3% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Price Target Changed • Jan 07
Price target decreased to JP¥1,400 Down from JP¥1,700, the current price target is provided by 1 analyst. New target price is 15% above last closing price of JP¥1,216. Stock is down 38% over the past year. The company is forecast to post earnings per share of JP¥30.00 for next year compared to JP¥59.97 last year. Major Estimate Revision • Jan 07
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from JP¥22.9b to JP¥24.7b. EPS estimate fell from JP¥51.90 to JP¥30.00 per share. Consensus price target down from JP¥1,700 to JP¥1,400. Share price was steady at JP¥1,216 over the past week. Valuation Update With 7 Day Price Move • Dec 22
Investor sentiment deteriorated over the past week After last week's 22% share price decline to JP¥1,224, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 13x in the Electronic industry in Japan. Total loss to shareholders of 20% over the past three years. Reported Earnings • Dec 16
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: JP¥59.97 (up from JP¥174 loss in FY 2020). Revenue: JP¥23.5b (up 32% from FY 2020). Net income: JP¥1.46b (up JP¥5.70b from FY 2020). Profit margin: 6.2% (up from net loss in FY 2020). Revenue exceeded analyst estimates by 3.2%. Earnings per share (EPS) also surpassed analyst estimates by 32%. Earnings per share (EPS) surpassed analyst estimates by 32%. Over the next year, revenue is expected to shrink by 2.6% compared to a 9.9% growth forecast for the industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Oct 21
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 28 October 2021. Payment date: 29 January 2022. Trailing yield: 1.1%. Lower than top quartile of Japanese dividend payers (3.0%). In line with average of industry peers (1.1%). Price Target Changed • Sep 17
Price target increased to JP¥1,700 Up from JP¥1,500, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of JP¥1,621. Stock is up 26% over the past year. Reported Earnings • Sep 16
Third quarter 2021 earnings released: EPS JP¥22.34 (vs JP¥16.72 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥6.50b (up 63% from 3Q 2020). Net income: JP¥544.0m (up JP¥951.0m from 3Q 2020). Profit margin: 8.4% (up from net loss in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance. Reported Earnings • Jun 13
Second quarter 2021 earnings released: EPS JP¥13.60 (vs JP¥20.38 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥5.68b (up 13% from 2Q 2020). Net income: JP¥331.0m (up JP¥827.0m from 2Q 2020). Profit margin: 5.8% (up from net loss in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 98 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 14
First quarter 2021 earnings released: JP¥1.60 loss per share (vs JP¥26.21 loss in 1Q 2020) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: JP¥4.86b (up 10.0% from 1Q 2020). Net loss: JP¥39.0m (loss narrowed 94% from 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 99 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Feb 15
New 90-day high: JP¥2,000 The company is up 63% from its price of JP¥1,229 on 17 November 2020. The Japanese market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 14% over the same period. Reported Earnings • Feb 02
Full year 2020 earnings released: JP¥174 loss per share (vs JP¥19.15 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: JP¥17.9b (down 24% from FY 2019). Net loss: JP¥4.24b (down JP¥4.71b from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 92% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Feb 02
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 3.3%. Earnings per share (EPS) also surpassed analyst estimates by 73%. Over the next year, revenue is forecast to grow 16%, compared to a 7.1% growth forecast for the Electronic industry in Japan. Is New 90 Day High Low • Jan 06
New 90-day high: JP¥1,813 The company is up 39% from its price of JP¥1,308 on 08 October 2020. The Japanese market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 18% over the same period. Anuncio • Dec 17
Ohara Inc., Annual General Meeting, Jan 28, 2021 Ohara Inc., Annual General Meeting, Jan 28, 2021. Analyst Estimate Surprise Post Earnings • Dec 16
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 3.3%. Earnings per share (EPS) also surpassed analyst estimates by 73%. Over the next year, revenue is forecast to grow 8.4%, compared to a 5.7% growth forecast for the Electronic industry in Japan. Reported Earnings • Dec 16
Full year 2020 earnings released: JP¥174 loss per share The company reported a poor full year result with weaker earnings, revenues and control over expenses. Full year 2020 results: Revenue: JP¥17.9b (down 24% from FY 2019). Net loss: JP¥4.24b (down JP¥4.71b from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 92% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Dec 04
New 90-day high: JP¥1,707 The company is up 67% from its price of JP¥1,025 on 04 September 2020. The Japanese market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 21% over the same period. Price Target Changed • Dec 01
Price target raised to JP¥2,000 Up from JP¥1,800, the current price target is provided by 1 analyst. The new target price is 36% above the current share price of JP¥1,472. As of last close, the stock is up 3.2% over the past year. Anuncio • Oct 10
Ohara Inc. to Report Fiscal Year 2020 Results on Dec 15, 2020 Ohara Inc. announced that they will report fiscal year 2020 results on Dec 15, 2020