Upcoming Dividend • Jun 22
Upcoming dividend of JP¥95.00 per share Eligible shareholders must have bought the stock before 29 June 2026. Payment date: 08 September 2026. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 4.6%. Within top quartile of Japanese dividend payers (3.9%). Higher than average of industry peers (2.6%). Annonce • Jun 03
Nichirin Co., Ltd. to Report Q2, 2026 Results on Aug 07, 2026 Nichirin Co., Ltd. announced that they will report Q2, 2026 results on Aug 07, 2026 Reported Earnings • May 15
First quarter 2026 earnings released: EPS: JP¥129 (vs JP¥120 in 1Q 2025) First quarter 2026 results: EPS: JP¥129 (up from JP¥120 in 1Q 2025). Revenue: JP¥20.8b (up 14% from 1Q 2025). Net income: JP¥1.70b (up 7.9% from 1Q 2025). Profit margin: 8.2% (down from 8.6% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Annonce • May 14
Nichirin Co., Ltd. (TSE:5184) announces an Equity Buyback for 300,000 shares, representing 2.27% for ¥1,500 million. Nichirin Co., Ltd. (TSE:5184) announces a share repurchase program. Under the program, the company will repurchase up to 300,000 shares, representing 2.27% of its issued share capital (excluding treasury stock), for ¥1,500 million. The purpose of the program is enriching shareholder returns and improving capital efficiency. The purchased shares will be cancelled. As of March 31, 2026, the company has 13,194,217 issued shares (excluding treasury stock) and 1,177,283 treasury shares. Declared Dividend • Apr 11
Final dividend of JP¥95.00 announced Shareholders will receive a dividend of JP¥95.00. Ex-date: 29th June 2026 Payment date: 8th September 2026 Dividend yield will be 4.6%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (42% earnings payout ratio) and cash flows (41% cash payout ratio). The dividend has increased by an average of 26% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 20% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 14
Full year 2025 earnings released: EPS: JP¥418 (vs JP¥462 in FY 2024) Full year 2025 results: EPS: JP¥418 (down from JP¥462 in FY 2024). Revenue: JP¥73.7b (up 3.2% from FY 2024). Net income: JP¥5.51b (down 11% from FY 2024). Profit margin: 7.5% (down from 8.6% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Feb 13
Nichirin Co., Ltd., Annual General Meeting, Mar 27, 2026 Nichirin Co., Ltd., Annual General Meeting, Mar 27, 2026. Annonce • Dec 25
Nichirin Co., Ltd. to Report Fiscal Year 2025 Results on Feb 13, 2026 Nichirin Co., Ltd. announced that they will report fiscal year 2025 results on Feb 13, 2026 Upcoming Dividend • Dec 22
Upcoming dividend of JP¥82.00 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 30 March 2026. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 4.4%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.8%). Reported Earnings • Nov 14
Third quarter 2025 earnings released: EPS: JP¥83.24 (vs JP¥32.57 in 3Q 2024) Third quarter 2025 results: EPS: JP¥83.24 (up from JP¥32.57 in 3Q 2024). Revenue: JP¥18.8b (up 9.3% from 3Q 2024). Net income: JP¥1.10b (up 152% from 3Q 2024). Profit margin: 5.8% (up from 2.5% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Sep 11
Nichirin Co., Ltd. to Report Q3, 2025 Results on Nov 11, 2025 Nichirin Co., Ltd. announced that they will report Q3, 2025 results on Nov 11, 2025 Declared Dividend • Sep 09
First half dividend of JP¥82.00 announced Shareholders will receive a dividend of JP¥82.00. Ex-date: 29th December 2025 Payment date: 30th March 2026 Dividend yield will be 4.4%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by both earnings (44% earnings payout ratio) and cash flows (53% cash payout ratio). The dividend has increased by an average of 28% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 29% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 10
Second quarter 2025 earnings released: EPS: JP¥109 (vs JP¥153 in 2Q 2024) Second quarter 2025 results: EPS: JP¥109 (down from JP¥153 in 2Q 2024). Revenue: JP¥17.4b (down 3.2% from 2Q 2024). Net income: JP¥1.44b (down 30% from 2Q 2024). Profit margin: 8.3% (down from 11% in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Jun 20
Upcoming dividend of JP¥88.00 per share Eligible shareholders must have bought the stock before 27 June 2025. Payment date: 11 September 2025. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 5.0%. Within top quartile of Japanese dividend payers (4.0%). Higher than average of industry peers (3.7%). Annonce • Jun 06
Nichirin Co., Ltd. to Report Q2, 2025 Results on Aug 08, 2025 Nichirin Co., Ltd. announced that they will report Q2, 2025 results on Aug 08, 2025 Reported Earnings • May 15
First quarter 2025 earnings released: EPS: JP¥120 (vs JP¥131 in 1Q 2024) First quarter 2025 results: EPS: JP¥120 (down from JP¥131 in 1Q 2024). Revenue: JP¥18.3b (flat on 1Q 2024). Net income: JP¥1.58b (down 11% from 1Q 2024). Profit margin: 8.6% (down from 9.7% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Apr 11
Final dividend increased to JP¥88.00 Dividend of JP¥88.00 is 17% higher than last year. Ex-date: 27th June 2025 Payment date: 11th September 2025 Dividend yield will be 5.6%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by both earnings (40% earnings payout ratio) and cash flows (52% cash payout ratio). The dividend has increased by an average of 29% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 20% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Annonce • Mar 27
Nichirin Co., Ltd. to Report Q1, 2025 Results on May 13, 2025 Nichirin Co., Ltd. announced that they will report Q1, 2025 results on May 13, 2025 Annonce • Mar 21
Nichirin Co., Ltd. agreed to acquire ATCO Products Inc. from Fidelis Holdings, LLC. Nichirin Co., Ltd. agreed to acquire ATCO Products Inc. from Fidelis Holdings, LLC on March 21, 2025. The board of director of Nichirin Co., Ltd resolved the transaction.
The expected completion of the transaction is April 30, 2025. Reported Earnings • Feb 15
Full year 2024 earnings released: EPS: JP¥462 (vs JP¥434 in FY 2023) Full year 2024 results: EPS: JP¥462 (up from JP¥434 in FY 2023). Revenue: JP¥71.4b (up 1.0% from FY 2023). Net income: JP¥6.17b (up 4.3% from FY 2023). Profit margin: 8.6% (up from 8.4% in FY 2023). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Feb 13
Nichirin Co., Ltd., Annual General Meeting, Mar 27, 2025 Nichirin Co., Ltd., Annual General Meeting, Mar 27, 2025. Upcoming Dividend • Dec 20
Upcoming dividend of JP¥80.00 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 28 March 2025. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 4.3%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (3.4%). Annonce • Dec 03
Nichirin Co., Ltd. to Report Fiscal Year 2024 Results on Feb 13, 2025 Nichirin Co., Ltd. announced that they will report fiscal year 2024 results on Feb 13, 2025 Reported Earnings • Nov 15
Third quarter 2024 earnings released: EPS: JP¥32.57 (vs JP¥99.74 in 3Q 2023) Third quarter 2024 results: EPS: JP¥32.57 (down from JP¥99.74 in 3Q 2023). Revenue: JP¥17.2b (down 2.1% from 3Q 2023). Net income: JP¥435.0m (down 68% from 3Q 2023). Profit margin: 2.5% (down from 7.7% in 3Q 2023). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Aug 28
Nichirin Co., Ltd. to Report Q3, 2024 Results on Nov 12, 2024 Nichirin Co., Ltd. announced that they will report Q3, 2024 results on Nov 12, 2024 Annonce • Aug 24
Nichirin Co., Ltd. (TSE:5184) announces an Equity Buyback for 330,000 shares, representing 2.45% for ¥1,133.55 million. Nichirin Co., Ltd. (TSE:5184) announces a share repurchase program. Under the program, the company will repurchase up to 330,000 shares, representing 2.45% of its issued share capital (excluding treasury stock), for ¥1,133.55 million. The shares will be repurchased at ¥3,435 per share. The purpose of the program is to improve capital efficiency and enable the implementation of flexible capital policies, as well as to serve as a part of shareholder return measures. As of June 30, 2024, the company has 13,470,927 issued shares (excluding treasury stock) and 900,573 treasury shares. Reported Earnings • Aug 15
Second quarter 2024 earnings released: EPS: JP¥153 (vs JP¥139 in 2Q 2023) Second quarter 2024 results: EPS: JP¥153 (up from JP¥139 in 2Q 2023). Revenue: JP¥18.0b (up 7.4% from 2Q 2023). Net income: JP¥2.06b (up 8.9% from 2Q 2023). Profit margin: 11% (in line with 2Q 2023). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Aug 12
Dividend of JP¥75.00 announced Shareholders will receive a dividend of JP¥75.00. Ex-date: 27th December 2024 Payment date: 28th March 2025 Dividend yield will be 4.6%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (31% earnings payout ratio) and cash flows (31% cash payout ratio). The dividend has increased by an average of 30% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 9.6% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to JP¥3,010, the stock trades at a trailing P/E ratio of 6.2x. Average trailing P/E is 8x in the Auto Components industry in Japan. Total returns to shareholders of 113% over the past three years. Upcoming Dividend • Jun 20
Upcoming dividend of JP¥75.00 per share Eligible shareholders must have bought the stock before 27 June 2024. Payment date: 11 September 2024. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (3.1%). Annonce • Jun 06
Nichirin Co., Ltd. to Report Q2, 2024 Results on Aug 09, 2024 Nichirin Co., Ltd. announced that they will report Q2, 2024 results on Aug 09, 2024 Reported Earnings • May 18
First quarter 2024 earnings released: EPS: JP¥131 (vs JP¥80.67 in 1Q 2023) First quarter 2024 results: EPS: JP¥131 (up from JP¥80.67 in 1Q 2023). Revenue: JP¥18.3b (up 6.9% from 1Q 2023). Net income: JP¥1.77b (up 59% from 1Q 2023). Profit margin: 9.7% (up from 6.5% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Apr 11
Final dividend of JP¥75.00 announced Shareholders will receive a dividend of JP¥75.00. Ex-date: 27th June 2024 Payment date: 11th September 2024 Dividend yield will be 4.4%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (25% earnings payout ratio) and cash flows (21% cash payout ratio). The dividend has increased by an average of 25% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 6.2% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Annonce • Feb 24
Nichirin Co., Ltd. to Report Q1, 2024 Results on May 14, 2024 Nichirin Co., Ltd. announced that they will report Q1, 2024 results on May 14, 2024 Annonce • Feb 16
Nichirin Co., Ltd., Annual General Meeting, Mar 27, 2024 Nichirin Co., Ltd., Annual General Meeting, Mar 27, 2024. Reported Earnings • Feb 16
Full year 2023 earnings released: EPS: JP¥434 (vs JP¥324 in FY 2022) Full year 2023 results: EPS: JP¥434 (up from JP¥324 in FY 2022). Revenue: JP¥70.6b (up 10% from FY 2022). Net income: JP¥5.92b (up 29% from FY 2022). Profit margin: 8.4% (up from 7.1% in FY 2022). The increase in margin was driven by higher revenue. 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 28% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Dec 21
Upcoming dividend of JP¥90.00 per share at 3.0% yield Eligible shareholders must have bought the stock before 28 December 2023. Payment date: 29 March 2024. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.5%). In line with average of industry peers (3.0%). Annonce • Dec 05
Nichirin Co., Ltd. to Report Fiscal Year 2023 Results on Feb 14, 2024 Nichirin Co., Ltd. announced that they will report fiscal year 2023 results on Feb 14, 2024 Reported Earnings • Nov 11
Third quarter 2023 earnings released: EPS: JP¥99.73 (vs JP¥84.90 in 3Q 2022) Third quarter 2023 results: EPS: JP¥99.73 (up from JP¥84.90 in 3Q 2022). Revenue: JP¥17.6b (flat on 3Q 2022). Net income: JP¥1.36b (up 13% from 3Q 2022). Profit margin: 7.7% (up from 6.9% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 25% per year and the company’s share price has also increased by 25% per year. Annonce • Aug 30
Nichirin Co., Ltd. to Report Q3, 2023 Results on Nov 10, 2023 Nichirin Co., Ltd. announced that they will report Q3, 2023 results on Nov 10, 2023 Reported Earnings • Aug 12
Second quarter 2023 earnings released: EPS: JP¥139 (vs JP¥59.04 in 2Q 2022) Second quarter 2023 results: EPS: JP¥139 (up from JP¥59.04 in 2Q 2022). Revenue: JP¥16.8b (up 18% from 2Q 2022). Net income: JP¥1.89b (up 126% from 2Q 2022). Profit margin: 11% (up from 5.9% 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 30% per year whereas the company’s share price has increased by 32% per year. Annonce • Aug 11
Nichirin Co., Ltd. (TSE:5184) announces an Equity Buyback for 175,000 shares, representing 1.28% for ¥500 million. Nichirin Co., Ltd. (TSE:5184) announces a share repurchase program. Under the program, the company will repurchase up to 175,000 shares, representing 1.28% of its issued share capital (excluding treasury stock), for ¥500 million. The purpose of the program is to improvement of capital efficiency and execution of flexible capital policy. The program will be valid till December 31, 2023. As of June 30, 2023, the company has 13,622,058 issued shares (excluding treasury stock) and 749,442 treasury shares. Upcoming Dividend • Jun 22
Upcoming dividend of JP¥52.00 per share at 3.3% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 12 September 2023. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (2.7%). Annonce • May 28
Nichirin Co., Ltd. to Report Q2, 2023 Results on Aug 10, 2023 Nichirin Co., Ltd. announced that they will report Q2, 2023 results on Aug 10, 2023 Reported Earnings • May 14
First quarter 2023 earnings released: EPS: JP¥80.67 (vs JP¥89.60 in 1Q 2022) First quarter 2023 results: EPS: JP¥80.67 (down from JP¥89.60 in 1Q 2022). Revenue: JP¥17.1b (up 12% from 1Q 2022). Net income: JP¥1.11b (down 12% from 1Q 2022). Profit margin: 6.5% (down from 8.3% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 30% per year whereas the company’s share price has increased by 25% per year. Reported Earnings • Mar 31
Full year 2022 earnings released: EPS: JP¥324 (vs JP¥336 in FY 2021) Full year 2022 results: EPS: JP¥324 (down from JP¥336 in FY 2021). Revenue: JP¥64.2b (up 10% from FY 2021). Net income: JP¥4.58b (down 4.2% from FY 2021). Profit margin: 7.1% (down from 8.2% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 31% per year whereas the company’s share price has increased by 27% per year. Reported Earnings • Feb 17
Full year 2022 earnings released: EPS: JP¥324 (vs JP¥336 in FY 2021) Full year 2022 results: EPS: JP¥324 (down from JP¥336 in FY 2021). Revenue: JP¥64.2b (up 10% from FY 2021). Net income: JP¥4.58b (down 4.2% from FY 2021). Profit margin: 7.1% (down from 8.2% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Annonce • Feb 15
Nichirin Co., Ltd. (TSE:5184) announces an Equity Buyback for 400,000 shares, representing 2.86% for ¥774.8 million. Nichirin Co., Ltd. (TSE:5184) announces a share repurchase program. Under the program, the company will repurchase up to 400,000 shares, representing 2.86% of its issued share capital (excluding treasury stock), for a total purchase price of ¥774.8 million. The shares will be repurchased at a price of ¥1,937 per share. The purpose of the program is to improvement of capital efficiency and execution of flexible capital policy, as well as part of shareholder return policy. As of December 31, 2022, the company has 13,992,425 issued shares (excluding treasury stock) and 379,075 treasury shares. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥50.00 per share Eligible shareholders must have bought the stock before 29 December 2022. Payment date: 28 March 2023. Trailing yield: 4.2%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (3.3%). Annonce • Dec 08
Nichirin Co., Ltd. to Report Fiscal Year 2022 Results on Feb 14, 2023 Nichirin Co., Ltd. announced that they will report fiscal year 2022 results on Feb 14, 2023 Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: JP¥84.88 (vs JP¥100 in 3Q 2021) Third quarter 2022 results: EPS: JP¥84.88 (down from JP¥100 in 3Q 2021). Revenue: JP¥17.4b (up 31% from 3Q 2021). Net income: JP¥1.20b (down 16% from 3Q 2021). Profit margin: 6.9% (down from 11% 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 27% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 9 highly experienced directors. No independent directors (7 non-independent directors). Senior Managing Exec. Officer, Head of Sales, Head of European Regional Headquarters & Director Masayuki Matsuda was the last director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Nov 13
Third quarter 2022 earnings released: EPS: JP¥84.88 (vs JP¥100 in 3Q 2021) Third quarter 2022 results: EPS: JP¥84.88 (down from JP¥100 in 3Q 2021). Revenue: JP¥17.4b (up 31% from 3Q 2021). Net income: JP¥1.20b (down 16% from 3Q 2021). Profit margin: 6.9% (down from 11% 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 27% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Annonce • Oct 01
Nichirin Co., Ltd. (TSE:5184) announces an Equity Buyback for 155,000 shares, representing 1.1% for ¥250 million. Nichirin Co., Ltd. (TSE:5184) announces a share repurchase program. Under the program, the company will repurchase up to 155,000 shares, representing 1.10% of its issued share capital for ¥250 million. The purpose of the program is to enhance capital efficiency and implement a flexible capital policy. The repurchase program will expire on December 31, 2022. As of June 30, 2022, the company had 14,136,318 shares outstanding and 235,182 shares in treasury. Annonce • Aug 28
Nichirin Co., Ltd. to Report Q3, 2022 Results on Nov 11, 2022 Nichirin Co., Ltd. announced that they will report Q3, 2022 results on Nov 11, 2022 Reported Earnings • Aug 16
Second quarter 2022 earnings released: EPS: JP¥59.03 (vs JP¥49.54 in 2Q 2021) Second quarter 2022 results: EPS: JP¥59.03 (up from JP¥49.54 in 2Q 2021). Revenue: JP¥14.2b (flat on 2Q 2021). Net income: JP¥834.0m (up 18% from 2Q 2021). Profit margin: 5.9% (up from 5.0% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Annonce • Jul 17
Nichirin Co., Ltd. to Report Q2, 2022 Results on Aug 12, 2022 Nichirin Co., Ltd. announced that they will report Q2, 2022 results on Aug 12, 2022 Upcoming Dividend • Jun 22
Upcoming dividend of JP¥38.00 per share Eligible shareholders must have bought the stock before 29 June 2022. Payment date: 08 September 2022. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 4.9%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (3.1%). Reported Earnings • May 18
First quarter 2022 earnings released: EPS: JP¥89.59 (vs JP¥98.08 in 1Q 2021) First quarter 2022 results: EPS: JP¥89.59 (down from JP¥98.08 in 1Q 2021). Revenue: JP¥15.2b (down 1.9% from 1Q 2021). Net income: JP¥1.27b (down 9.4% from 1Q 2021). Profit margin: 8.3% (down from 9.0% in 1Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 9 highly experienced directors. No independent directors (7 non-independent directors). Senior Managing Exec. Officer, Head of Sales, Head of European Regional Headquarters & Director Masayuki Matsuda was the last director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Annonce • Apr 08
Nichirin Co., Ltd. to Report Q1, 2022 Results on May 13, 2022 Nichirin Co., Ltd. announced that they will report Q1, 2022 results on May 13, 2022 Reported Earnings • Feb 17
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: JP¥336 (up from JP¥167 in FY 2020). Revenue: JP¥58.3b (up 13% from FY 2020). Net income: JP¥4.78b (up 101% from FY 2020). Profit margin: 8.2% (up from 4.6% in FY 2020). 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 remained flat but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Annonce • Feb 16
Nichirin Co., Ltd., Annual General Meeting, Mar 25, 2022 Nichirin Co., Ltd., Annual General Meeting, Mar 25, 2022. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 29 March 2022. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 4.6%. Within top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (2.6%). Reported Earnings • Nov 16
Third quarter 2021 earnings released: EPS JP¥100 (vs JP¥62.62 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: JP¥13.3b (down 2.0% from 3Q 2020). Net income: JP¥1.43b (up 60% from 3Q 2020). Profit margin: 11% (up from 6.6% in 3Q 2020). The increase in margin was driven by lower expenses. 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 6% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 09
Second quarter 2021 earnings released: EPS JP¥49.54 (vs JP¥33.66 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¥14.2b (up 79% from 2Q 2020). Net income: JP¥706.0m (up JP¥1.19b from 2Q 2020). Profit margin: 5.0% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. 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. Annonce • Aug 08
Nichirin Co., Ltd. (TSE:5184) announces an Equity Buyback for 145,000 shares, representing 1.02% for ¥250 million. Nichirin Co., Ltd. (TSE:5184) announces a share repurchase program. Under the program, the company will repurchase up to 145,000 shares, representing 1.02% of its issued share capital for ¥250 million. The purpose of the program is to enhance capital efficiency and implement a flexible capital policy. The repurchase program will expire on December 31, 2021. As of June 31, 2021, the company had 14,258,874 shares outstanding and 112,626 shares in treasury. Upcoming Dividend • Jun 22
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 29 June 2021. Payment date: 08 September 2021. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (2.2%). Annonce • May 21
Nichirin to Be Deleted from Other OTC Nichirin Co., Ltd. ordinary shares will be deleted from Other OTC effective May 20, 2021. The deletion is due to Inactive Security. Reported Earnings • May 16
First quarter 2021 earnings released: EPS JP¥98.08 (vs JP¥67.37 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: JP¥15.5b (up 8.8% from 1Q 2020). Net income: JP¥1.40b (up 46% from 1Q 2020). Profit margin: 9.0% (up from 6.7% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 32% 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. Reported Earnings • Mar 31
Full year 2020 earnings released: EPS JP¥167 (vs JP¥192 in FY 2019) The company reported a soft full year result with weaker earnings and revenues, although profit margins were improved. Full year 2020 results: Revenue: JP¥51.5b (down 16% from FY 2019). Net income: JP¥2.38b (down 13% from FY 2019). Profit margin: 4.6% (up from 4.5% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 25
New 90-day high: JP¥1,777 The company is up 18% from its price of JP¥1,512 on 27 November 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 16% over the same period. Annonce • Feb 17
Nichirin Co., Ltd., Annual General Meeting, Mar 26, 2021 Nichirin Co., Ltd., Annual General Meeting, Mar 26, 2021. Reported Earnings • Feb 17
Full year 2020 earnings released: EPS JP¥167 (vs JP¥192 in FY 2019) The company reported a soft full year result with weaker earnings and revenues, although profit margins were improved. Full year 2020 results: Revenue: JP¥51.5b (down 16% from FY 2019). Net income: JP¥2.38b (down 13% from FY 2019). Profit margin: 4.6% (up from 4.5% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 34% 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. Is New 90 Day High Low • Dec 11
New 90-day high: JP¥1,613 The company is up 23% from its price of JP¥1,316 on 11 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 11% over the same period. Annonce • Oct 08
Nichirin Co., Ltd. to Report Q3, 2020 Results on Nov 12, 2020 Nichirin Co., Ltd. announced that they will report Q3, 2020 results on Nov 12, 2020 