Board Change • May 21
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. 6 non-independent directors. Outside Independent Director Shoji Hatano was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • May 12
Stanley Electric Co., Ltd., Annual General Meeting, Jun 25, 2026 Stanley Electric Co., Ltd., Annual General Meeting, Jun 25, 2026. Annonce • Apr 23
Stanley Electric Co., Ltd. (TSE:6923) completed the acquisition of Iwasaki Electric Co., Ltd. from Lux Holdings, L.P., a fund managed by The Carlyle Group Inc. (NasdaqGS:CG), and others. Stanley Electric Co., Ltd. (TSE:6923) executed an agreement to acquire Iwasaki Electric Co., Ltd. from Lux Holdings, L.P., a fund managed by The Carlyle Group Inc. (NasdaqGS:CG), and others for ¥70.3 billion on January 29, 2026. A cash consideration of ¥70.29 billion will be paid by Stanley Electric Co., Ltd. Upon completion, Iwasaki Electric Co., Ltd. will operate as a consolidated subsidiary of Stanley Electric Co., Ltd. For the period ending March 31, 2025, Iwasaki Electric Co., Ltd. reported total revenue of ¥60.1 billion, operating income of ¥6.09 billion and net income of ¥3.91 billion. As of March 31, 2025, Iwasaki Electric Co., Ltd. reported total assets of ¥62.75 billion and net assets of ¥21 billion.
The transaction is subject to completion of antitrust and other regulatory clearances in Japan and Vietnam. The transaction is expected to close on April 1, 2026. As of March 31, 2026, the necessary procedures and responses under competition law in Vietnam have not yet been completed. The Company plans to execute the Share Acquisition as soon as the conditions precedent are satisfied, and currently expects that the Share Acquisition will be effected during April 2026.
Stanley Electric Co., Ltd. (TSE:6923) completed the acquisition of Iwasaki Electric Co., Ltd. from Lux Holdings, L.P., a fund managed by The Carlyle Group Inc. (NasdaqGS:CG), and others on April 23, 2026. Annonce • Jan 30
Stanley Electric Co., Ltd. (TSE:6923) executed an agreement to acquire Iwasaki Electric Co., Ltd. from Lux Holdings, L.P., a fund managed by The Carlyle Group Inc. (NasdaqGS:CG), and others for ¥70.3 billion. Stanley Electric Co., Ltd. (TSE:6923) executed an agreement to acquire Iwasaki Electric Co., Ltd. from Lux Holdings, L.P., a fund managed by The Carlyle Group Inc. (NasdaqGS:CG), and others for ¥70.3 billion on January 29, 2026. A cash consideration of ¥70.29 billion will be paid by Stanley Electric Co., Ltd. Upon completion, Iwasaki Electric Co., Ltd. will operate as a consolidated subsidiary of Stanley Electric Co., Ltd. For the period ending March 31, 2025, Iwasaki Electric Co., Ltd. reported total revenue of ¥60.1 billion, operating income of ¥6.09 billion and net income of ¥3.91 billion. As of March 31, 2025, Iwasaki Electric Co., Ltd. reported total assets of ¥62.75 billion and net assets of ¥21 billion.
The transaction is subject to completion of antitrust and other regulatory clearances in Japan and Vietnam. The transaction is expected to close on April 1, 2026. Annonce • Dec 03
Stanley Electric Co., Ltd. to Report Q3, 2026 Results on Jan 29, 2026 Stanley Electric Co., Ltd. announced that they will report Q3, 2026 results on Jan 29, 2026 Annonce • Sep 04
Stanley Electric Co., Ltd. to Report Q2, 2026 Results on Oct 31, 2025 Stanley Electric Co., Ltd. announced that they will report Q2, 2026 results on Oct 31, 2025 Annonce • Jun 04
Stanley Electric Co., Ltd. to Report Q1, 2026 Results on Jul 31, 2025 Stanley Electric Co., Ltd. announced that they will report Q1, 2026 results on Jul 31, 2025 Annonce • Mar 11
Stanley Electric Co., Ltd. to Report Fiscal Year 2025 Results on May 07, 2025 Stanley Electric Co., Ltd. announced that they will report fiscal year 2025 results on May 07, 2025 Buy Or Sell Opportunity • Nov 08
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.3% to €15.50. The fair value is estimated to be €19.41, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.5% over the last 3 years. Earnings per share has grown by 7.6%. For the next 3 years, revenue is forecast to grow by 5.7% per annum. Earnings are also forecast to grow by 12% per annum over the same time period. Reported Earnings • Oct 29
Second quarter 2025 earnings released: EPS: JP¥34.89 (vs JP¥34.54 in 2Q 2024) Second quarter 2025 results: EPS: JP¥34.89. Revenue: JP¥122.5b (up 7.1% from 2Q 2024). Net income: JP¥5.55b (down 2.0% from 2Q 2024). Profit margin: 4.5% (down from 5.0% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Auto Components industry in Germany. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (3.3%). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €15.10, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 7x in the Auto Components industry in Germany. Total loss to shareholders of 26% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €19.87 per share. Buy Or Sell Opportunity • Aug 05
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.0% to €15.10. The fair value is estimated to be €19.87, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.8% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 5.9% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Reported Earnings • Jul 31
First quarter 2025 earnings released: EPS: JP¥36.31 (vs JP¥14.26 in 1Q 2024) First quarter 2025 results: EPS: JP¥36.31 (up from JP¥14.26 in 1Q 2024). Revenue: JP¥121.4b (up 8.7% from 1Q 2024). Net income: JP¥5.82b (up 148% from 1Q 2024). Profit margin: 4.8% (up from 2.1% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Declared Dividend • Jul 11
Final dividend of JP¥30.00 announced Shareholders will receive a dividend of JP¥30.00. Ex-date: 27th September 2024 Payment date: 2nd December 2024 Dividend yield will be 187%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is well covered by both earnings (33% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 7.4% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 61% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 01
Full year 2024 earnings released: EPS: JP¥162 (vs JP¥162 in FY 2023) Full year 2024 results: EPS: JP¥162 (up from JP¥162 in FY 2023). Revenue: JP¥472.4b (up 7.9% from FY 2023). Net income: JP¥26.5b (flat on FY 2023). Profit margin: 5.6% (down from 6.1% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 11% per year, which means it is performing significantly worse than earnings. Annonce • Mar 28
Stanley Electric Co., Ltd. to Report Fiscal Year 2024 Results on Apr 26, 2024 Stanley Electric Co., Ltd. announced that they will report fiscal year 2024 results on Apr 26, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥28.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 10 June 2024. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (2.9%). Buy Or Sell Opportunity • Mar 08
Now 21% undervalued The stock has been flat over the last 90 days, currently trading at €16.20. The fair value is estimated to be €20.48, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.3% over the last 3 years. Earnings per share has grown by 6.6%. For the next 3 years, revenue is forecast to grow by 6.4% per annum. Earnings are also forecast to grow by 17% per annum over the same time period. Annonce • Mar 07
Stanley Electric Co., Ltd. Provides Consolidated Earnings Forecasts for the Fiscal Year Ending March 31, 2024 Stanley Electric Co., Ltd. provided consolidated earnings forecasts for the fiscal year ending March 31, 2024. For the year, the company expects net sales of ¥464,000 million, operating income of ¥35,000 million, net income attributable to owners of parent of ¥25,500 million or ¥155.95 income per share. Buy Or Sell Opportunity • Feb 16
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.5% to €15.80. The fair value is estimated to be €19.88, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.3% over the last 3 years. Earnings per share has grown by 6.6%. For the next 3 years, revenue is forecast to grow by 6.1% per annum. Earnings are also forecast to grow by 16% per annum over the same time period. Reported Earnings • Feb 02
Third quarter 2024 earnings released: EPS: JP¥35.57 (vs JP¥22.53 in 3Q 2023) Third quarter 2024 results: EPS: JP¥35.57 (up from JP¥22.53 in 3Q 2023). Revenue: JP¥129.2b (up 18% from 3Q 2023). Net income: JP¥5.81b (up 55% from 3Q 2023). Profit margin: 4.5% (up from 3.4% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Declared Dividend • Jan 31
First half dividend of JP¥27.00 announced Shareholders will receive a dividend of JP¥27.00. Ex-date: 28th March 2024 Payment date: 10th June 2024 Dividend yield will be 158%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is well covered by both earnings (36% earnings payout ratio) and cash flows (22% cash payout ratio). The dividend has increased by an average of 6.8% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 66% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 02
Second quarter 2024 earnings released: EPS: JP¥34.54 (vs JP¥48.31 in 2Q 2023) Second quarter 2024 results: EPS: JP¥34.54 (down from JP¥48.31 in 2Q 2023). Revenue: JP¥114.4b (down 4.7% from 2Q 2023). Net income: JP¥5.67b (down 27% from 2Q 2023). Profit margin: 5.0% (down from 6.4% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Annonce • Nov 01
Stanley Electric Co., Ltd. (TSE:6923) announces an Equity Buyback for 5,000,000 shares, representing 3.05% for ¥10,000 million. Stanley Electric Co., Ltd. (TSE:6923) announces a share repurchase program. Under the program, the company will repurchase up to 5,000,000 shares, representing 3.05% of its issued share capital, for total worth of ¥10,000 million. The purpose of the share repurchases is to return profits to shareholders and implement flexible capital policies in response to changes in the corporate environment. The program is valid till February 15, 2024. As of September 30, 2023, the company had 164,047,578 shares (excluding treasury stock) in issue and 7,152,422 shares are in treasury. New Risk • Oct 13
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.5% 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. Shareholders have been diluted in the past year (2.5% increase in shares outstanding). Buying Opportunity • Oct 11
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 11%. The fair value is estimated to be €18.50, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.9% over the last 3 years. Earnings per share has grown by 23%. For the next 3 years, revenue is forecast to grow by 5.8% per annum. Earnings is also forecast to grow by 14% per annum over the same time period. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥26.00 per share at 2.2% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 30 November 2023. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (2.6%). New Risk • Aug 09
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.5% 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. Shareholders have been diluted in the past year (2.5% increase in shares outstanding). Reported Earnings • Jul 30
First quarter 2024 earnings released: EPS: JP¥14.26 (vs JP¥16.08 in 1Q 2023) First quarter 2024 results: EPS: JP¥14.26 (down from JP¥16.08 in 1Q 2023). Revenue: JP¥111.7b (up 20% from 1Q 2023). Net income: JP¥2.35b (down 8.8% from 1Q 2023). Profit margin: 2.1% (down from 2.8% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. New Risk • Jul 21
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.5% 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. Shareholders have been diluted in the past year (2.5% increase in shares outstanding). Buying Opportunity • Jul 06
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 7.9%. The fair value is estimated to be €22.18, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.2% over the last 3 years. Earnings per share has grown by 21%. For the next 3 years, revenue is forecast to grow by 6.4% per annum. Earnings is also forecast to grow by 15% per annum over the same time period. Annonce • Jun 28
Stanley Electric Co., Ltd. to Report Q1, 2024 Results on Jul 28, 2023 Stanley Electric Co., Ltd. announced that they will report Q1, 2024 results on Jul 28, 2023 Reported Earnings • Apr 30
Full year 2023 earnings released: EPS: JP¥162 (vs JP¥134 in FY 2022) Full year 2023 results: EPS: JP¥162 (up from JP¥134 in FY 2022). Revenue: JP¥437.8b (up 14% from FY 2022). Net income: JP¥26.5b (up 24% from FY 2022). Profit margin: 6.1% (up from 5.6% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥25.00 per share at 1.8% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 07 June 2023. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (2.5%). Reported Earnings • Jan 31
Third quarter 2023 earnings released: EPS: JP¥22.53 (vs JP¥34.23 in 3Q 2022) Third quarter 2023 results: EPS: JP¥22.53 (down from JP¥34.23 in 3Q 2022). Revenue: JP¥109.6b (up 8.7% from 3Q 2022). Net income: JP¥3.76b (down 32% from 3Q 2022). Profit margin: 3.4% (down from 5.4% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Annonce • Jan 31
Stanley Electric Co., Ltd. (TSE:6923) announces an Equity Buyback for 5,000,000 shares, representing 2.99% for ¥10,000 million. Stanley Electric Co., Ltd. (TSE:6923) announces a share repurchase program. Under the program, the company will repurchase up to 5,000,000 shares, representing 2.99% of its issued share capital, for total worth of ¥10,000 million. The purpose of the share repurchases is to return profits to shareholders and implement flexible capital policies in response to changes in the corporate environment. The program is valid till May 31, 2023. As of December 31, 2022, the company had 167,488,277 shares (excluding treasury stock) in issue and 5,511,723 shares are in treasury. Annonce • Dec 16
Stanley Electric Co., Ltd. to Report Q3, 2023 Results on Jan 30, 2023 Stanley Electric Co., Ltd. announced that they will report Q3, 2023 results on Jan 30, 2023 Board Change • Nov 16
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 independent directors. 6 non-independent directors. Outside Independent Director Satoko Suzuki was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Nov 02
Second quarter 2023 earnings released: EPS: JP¥48.31 (vs JP¥20.41 in 2Q 2022) Second quarter 2023 results: EPS: JP¥48.31 (up from JP¥20.41 in 2Q 2022). Revenue: JP¥120.0b (up 42% from 2Q 2022). Net income: JP¥7.73b (up 136% from 2Q 2022). Profit margin: 6.4% (up from 3.9% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 11% per year, which means it is performing significantly worse than earnings. Annonce • Sep 28
Stanley Electric Co., Ltd. announced that it expects to receive ¥19.005 billion in funding from Honda Motor Co., Ltd. Stanley Electric Co., Ltd. announced that it will issue 7,500,000 treasury shares at issue price of ¥2534 per share for an aggregate gross proceeds of ¥19,005,000,000 on September 27, 2022. The transaction will include participation from Honda Motor Co., Ltd. The transaction is expected to close on October 14, 2022. The company issues shares through third-party allotment. The transaction has been approved by the board of directors of the company. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 30 November 2022. Payout ratio is a comfortable 45% but the company is paying out more than the cash it is generating. Trailing yield: 2.0%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (3.7%). Annonce • Sep 21
Stanley Electric Co., Ltd. to Report Q2, 2023 Results on Oct 31, 2022 Stanley Electric Co., Ltd. announced that they will report Q2, 2023 results on Oct 31, 2022 Reported Earnings • Jul 31
First quarter 2023 earnings released: EPS: JP¥16.08 (vs JP¥37.72 in 1Q 2022) First quarter 2023 results: EPS: JP¥16.08 (down from JP¥37.72 in 1Q 2022). Revenue: JP¥93.1b (down 1.4% from 1Q 2022). Net income: JP¥2.57b (down 57% from 1Q 2022). Profit margin: 2.8% (down from 6.4% in 1Q 2022). The decrease in margin was primarily driven by higher expenses. Over the next year, revenue is forecast to grow 14%, compared to a 10% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Annonce • Jun 29
Stanley Electric Co., Ltd. to Report Q1, 2023 Results on Jul 29, 2022 Stanley Electric Co., Ltd. announced that they will report Q1, 2023 results on Jul 29, 2022 Annonce • May 02
Stanley Electric Co., Ltd., Annual General Meeting, Jun 28, 2022 Stanley Electric Co., Ltd., Annual General Meeting, Jun 28, 2022. Reported Earnings • Apr 30
Full year 2022 earnings released: EPS: JP¥134 (vs JP¥142 in FY 2021) Full year 2022 results: EPS: JP¥134 (down from JP¥142 in FY 2021). Revenue: JP¥382.6b (up 6.4% from FY 2021). Net income: JP¥21.4b (down 6.4% from FY 2021). Profit margin: 5.6% (down from 6.4% in FY 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 13%, compared to a 9.4% growth forecast for the industry in Germany. 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 12% per year, which means it has not declined as severely as earnings. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Outside Director Yozo Takeda 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. Annonce • Apr 08
Stanley Electric Co., Ltd. to Report Fiscal Year 2022 Results on Apr 28, 2022 Stanley Electric Co., Ltd. announced that they will report fiscal year 2022 results on Apr 28, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 25 June 2022. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of German dividend payers (3.6%). Lower than average of industry peers (3.3%). Buying Opportunity • Feb 23
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 14%. The fair value is estimated to be JP¥26.49, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.3% per annum over the last 3 years. Earnings per share has declined by 24% per annum over the last 3 years. Reported Earnings • Feb 02
Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2022 results: EPS: JP¥34.23 (down from JP¥62.68 in 3Q 2021). Revenue: JP¥100.8b (down 2.2% from 3Q 2021). Net income: JP¥5.48b (down 46% from 3Q 2021). Profit margin: 5.4% (down from 9.8% in 3Q 2021). The decrease in margin was primarily driven by higher expenses. Revenue exceeded analyst estimates by 8.6%. Over the next year, revenue is forecast to grow 11% compared to a 2.9% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Reported Earnings • Oct 27
Second quarter 2022 earnings released: EPS JP¥20.41 (vs JP¥31.44 in 2Q 2021) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥84.7b (down 12% from 2Q 2021). Net income: JP¥3.28b (down 35% from 2Q 2021). Profit margin: 3.9% (down from 5.3% in 2Q 2021). The decrease in margin was driven by lower 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 6% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 30 November 2021. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (2.1%). Reported Earnings • Jun 29
Full year 2021 earnings released: EPS JP¥142 (vs JP¥114 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥359.7b (down 8.1% from FY 2020). Net income: JP¥22.9b (up 24% from FY 2020). Profit margin: 6.4% (up from 4.7% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 28
Full year 2021 earnings released: EPS JP¥142 (vs JP¥114 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥359.7b (down 8.1% from FY 2020). Net income: JP¥22.9b (up 24% from FY 2020). Profit margin: 6.4% (up from 4.7% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Mar 24
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 25 June 2021. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (3.3%). Lower than average of industry peers (2.0%). Annonce • Mar 13
Stanley Electric Co., Ltd. to Report Fiscal Year 2021 Results on Apr 26, 2021 Stanley Electric Co., Ltd. announced that they will report fiscal year 2021 results on Apr 26, 2021 Is New 90 Day High Low • Feb 27
New 90-day low: €23.80 The company is down 4.0% from its price of €24.80 on 27 November 2020. The German market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €20.70 per share. Is New 90 Day High Low • Feb 07
New 90-day high: €27.40 The company is up 13% from its price of €24.20 on 06 November 2020. The German market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 34% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €19.73 per share. Reported Earnings • Feb 03
Third quarter 2021 earnings released: EPS JP¥62.68 (vs JP¥45.08 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥103.0b (up 5.4% from 3Q 2020). Net income: JP¥10.1b (up 38% from 3Q 2020). Profit margin: 9.8% (up from 7.5% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 37% 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. Analyst Estimate Surprise Post Earnings • Feb 03
Revenue beats expectations Revenue exceeded analyst estimates by 4.8%. Over the next year, revenue is forecast to grow 13%, compared to a 9.5% growth forecast for the Auto Components industry in Germany. Is New 90 Day High Low • Dec 02
New 90-day high: €25.60 The company is up 8.0% from its price of €23.60 on 03 September 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Auto Components industry, which is up 25% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €19.16 per share. Analyst Estimate Surprise Post Earnings • Nov 14
Revenue beats expectations Revenue exceeded analyst estimates by 0.5%. Over the next year, revenue is forecast to grow 9.7%, compared to a 7.9% growth forecast for the Auto Components industry in Germany. Reported Earnings • Nov 14
Second quarter 2021 earnings released: EPS JP¥31.44 The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥96.0b (down 5.2% from 2Q 2020). Net income: JP¥5.07b (down 19% from 2Q 2020). Profit margin: 5.3% (down from 6.2% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 01
First half earnings released Over the last 12 months the company has reported total profits of JP¥6.65b, down 82% from the prior year. Total revenue was JP¥343.0b over the last 12 months, down 19% from the prior year. Analyst Estimate Surprise Post Earnings • Nov 01
Semi-annual earnings released: Revenue beats expectations Semi-annual revenue exceeded analyst estimates by 0.5% at JP¥155.8b. Revenue is forecast to grow 9.7% over the next year, compared to a 3.8% growth forecast for the Auto Components industry in Germany.