Annonce • Aug 07
NOK Corporation (TSE:7240) announces an Equity Buyback for 3,800,000 shares, representing 2.36% for ¥11,327.8 million. NOK Corporation (TSE:7240) announces a share repurchase program. Under the program, the company will repurchase up to 3,800,000 shares, representing 3.02% of its share capital, for ¥11,327.8 million. The purpose of the program is to improve capital efficiency and corporate value based on its capital allocation policy. The shares will be repurchased at ¥2,981 per share. As of June 30, 2026, the company had 160,902,857 shares in issue (excluding treasury stock) and 233 shares in treasury. Reported Earnings • Aug 07
First quarter 2027 earnings released: EPS: JP¥56.99 (vs JP¥35.11 in 1Q 2026) First quarter 2027 results: EPS: JP¥56.99 (up from JP¥35.11 in 1Q 2026). Revenue: JP¥181.2b (up 5.5% from 1Q 2026). Net income: JP¥9.08b (up 58% from 1Q 2026). Profit margin: 5.0% (up from 3.3% in 1Q 2026). Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Board Change • Jul 23
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. 5 non-independent directors. Independent External Director Atsushi Kajitani was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Major Estimate Revision • Jun 26
Consensus EPS estimates increase by 26% The consensus outlook for earnings per share (EPS) in fiscal year 2027 has improved. 2027 revenue forecast increased from JP¥744.0b to JP¥753.1b. EPS estimate increased from JP¥234 to JP¥295 per share. Net income forecast to grow 1.1% next year vs 1.0% growth forecast for Auto Components industry in Japan. Consensus price target up from JP¥3,000 to JP¥3,100. Share price fell 2.2% to JP¥2,903 over the past week. Annonce • Jun 26
NOK Corporation to Report Q1, 2027 Results on Aug 06, 2026 NOK Corporation announced that they will report Q1, 2027 results on Aug 06, 2026 Major Estimate Revision • Jun 15
Consensus EPS estimates increase by 11% The consensus outlook for fiscal year 2027 has been updated. 2027 EPS estimate increased from JP¥207 to JP¥231. Revenue forecast steady at JP¥744.0b. Net income forecast to shrink 20% next year vs 0.7% growth forecast for Auto Components industry in Japan . Consensus price target up from JP¥2,892 to JP¥3,000. Share price was steady at JP¥2,948 over the past week. New Risk • May 14
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 8.9% 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 8.9% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Reported Earnings • May 14
Full year 2026 earnings: EPS exceeds analyst expectations Full year 2026 results: EPS: JP¥285 (up from JP¥185 in FY 2025). Revenue: JP¥738.4b (down 3.7% from FY 2025). Net income: JP¥46.3b (up 53% from FY 2025). Profit margin: 6.3% (up from 4.0% in FY 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 27%. Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Annonce • May 13
NOK Corporation, Annual General Meeting, Jun 25, 2026 NOK Corporation, Annual General Meeting, Jun 25, 2026. Annonce • Mar 27
NOK Corporation to Report Fiscal Year 2026 Results on May 13, 2026 NOK Corporation announced that they will report fiscal year 2026 results on May 13, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥65.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 29 June 2026. Payout ratio is a comfortable 73% and this is well supported by cash flows. Trailing yield: 4.5%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.8%). Reported Earnings • Feb 07
Third quarter 2026 earnings released: EPS: JP¥73.67 (vs JP¥93.56 in 3Q 2025) Third quarter 2026 results: EPS: JP¥73.67 (down from JP¥93.56 in 3Q 2025). Revenue: JP¥198.3b (up 1.5% from 3Q 2025). Net income: JP¥12.0b (down 21% from 3Q 2025). Profit margin: 6.1% (down from 7.8% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Feb 05
NOK Corporation (TSE:7240) announces an Equity Buyback for 5,000,000 shares, representing 3.02% for ¥15,700 million. NOK Corporation (TSE:7240) announces a share repurchase program. Under the program, the company will repurchase up to 5,000,000 shares, representing 3.02% of its share capital, for ¥15,700 million. The shares will be repurchased at ¥3,140 per share. As of December 31, 2025, the company had 165,702,690 shares in issue (excluding treasury stock) and no shares in treasury. Annonce • Jan 07
NOK Corporation to Report Q3, 2026 Results on Feb 05, 2026 NOK Corporation announced that they will report Q3, 2026 results on Feb 05, 2026 Declared Dividend • Dec 06
First half dividend of JP¥65.00 announced Shareholders will receive a dividend of JP¥65.00. Ex-date: 30th March 2026 Payment date: 29th June 2026 Dividend yield will be 4.8%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by both earnings (65% earnings payout ratio) and cash flows (65% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 14% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 12
Second quarter 2026 earnings released: EPS: JP¥46.55 (vs JP¥39.99 in 2Q 2025) Second quarter 2026 results: EPS: JP¥46.55 (up from JP¥39.99 in 2Q 2025). Revenue: JP¥187.5b (down 8.7% from 2Q 2025). Net income: JP¥7.60b (up 15% from 2Q 2025). Profit margin: 4.1% (up from 3.2% in 2Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 26% per year and the company’s share price has also increased by 26% per year. Annonce • Oct 10
SMBCCP No. 3 Fund L.P managed by SMBC Capital Partners Co., Ltd. entered into share transfer agreement to acquire SYNZTEC CO.,LTD. from NOK Corporation (TSE:7240). SMBCCP No. 3 Fund L.P managed by SMBC Capital Partners Co., Ltd. entered into share transfer agreement to acquire SYNZTEC CO.,LTD. from NOK Corporation (TSE:7240) on October 8, 2025. SMBC Capital Partners is acquiring 100 shares of SYNZTEC CO.,LTD.
For the period ending March 31, 2025, SYNZTEC CO.,LTD. reported total revenue of ¥22.9 billion, EBIT of ¥1.83 billion and net income of ¥1.62 billion. As of March 31, 2025, SYNZTEC CO.,LTD. reported total assets of ¥22.25 billion and total common equity of ¥17.03 billion.
The expected completion of the transaction is December 1, 2025. Annonce • Sep 23
NOK Corporation to Report Q2, 2026 Results on Nov 10, 2025 NOK Corporation announced that they will report Q2, 2026 results on Nov 10, 2025 Reported Earnings • Aug 07
First quarter 2026 earnings released: EPS: JP¥35.11 (vs JP¥42.62 in 1Q 2025) First quarter 2026 results: EPS: JP¥35.11 (down from JP¥42.62 in 1Q 2025). Revenue: JP¥171.9b (down 8.7% from 1Q 2025). Net income: JP¥5.73b (down 18% from 1Q 2025). Profit margin: 3.3% (down from 3.7% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 26% per year and the company’s share price has also increased by 26% per year. Declared Dividend • Jul 09
Final dividend of JP¥55.00 announced Shareholders will receive a dividend of JP¥55.00. Ex-date: 29th September 2025 Payment date: 3rd December 2025 Dividend yield will be 5.1%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by both earnings (57% earnings payout ratio) and cash flows (42% cash payout ratio). The dividend has increased by an average of 8.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 15% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jun 27
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: JP¥185 (down from JP¥188 in FY 2024). Revenue: JP¥766.9b (up 2.2% from FY 2024). Net income: JP¥30.3b (down 4.1% from FY 2024). Profit margin: 4.0% (down from 4.2% in FY 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 4.2%. Revenue is forecast to stay flat during the next 3 years compared to a 2.6% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 26% per year. Annonce • Jun 21
NOK Corporation to Report Q1, 2026 Results on Aug 05, 2025 NOK Corporation announced that they will report Q1, 2026 results on Aug 05, 2025 Reported Earnings • May 19
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: JP¥185 (down from JP¥188 in FY 2024). Revenue: JP¥766.9b (up 2.2% from FY 2024). Net income: JP¥30.3b (down 4.1% from FY 2024). Profit margin: 4.0% (down from 4.2% in FY 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 4.2%. Revenue is forecast to stay flat during the next 3 years compared to a 2.9% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 23% per year and the company’s share price has also increased by 23% per year. Annonce • May 14
NOK Corporation, Annual General Meeting, Jun 26, 2025 NOK Corporation, Annual General Meeting, Jun 26, 2025. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥1,838, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 7x in the Auto Components industry in Japan. Total returns to shareholders of 100% over the past three years. Annonce • Mar 25
NOK Corporation to Report Fiscal Year 2025 Results on May 14, 2025 NOK Corporation announced that they will report fiscal year 2025 results on May 14, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥50.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 27 June 2025. Trailing yield: 4.2%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (3.3%). Reported Earnings • Feb 06
Third quarter 2025 earnings released: EPS: JP¥93.56 (vs JP¥53.47 in 3Q 2024) Third quarter 2025 results: EPS: JP¥93.56 (up from JP¥53.47 in 3Q 2024). Revenue: JP¥195.4b (down 8.4% from 3Q 2024). Net income: JP¥15.3b (up 71% from 3Q 2024). Profit margin: 7.8% (up from 4.2% in 3Q 2024). Revenue is forecast to stay flat during the next 3 years compared to a 3.5% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 23% per year. Annonce • Jan 03
NOK Corporation to Report Q3, 2025 Results on Feb 05, 2025 NOK Corporation announced that they will report Q3, 2025 results on Feb 05, 2025 Declared Dividend • Dec 04
First half dividend of JP¥50.00 announced Dividend of JP¥50.00 is the same as last year. Ex-date: 28th March 2025 Payment date: 27th June 2025 Dividend yield will be 4.4%, which is higher than the industry average of 2.7%. Sustainability & Growth The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 19% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Major Estimate Revision • Nov 20
Consensus EPS estimates increase by 10% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from JP¥129 to JP¥142. Revenue forecast steady at JP¥739.1b. Net income forecast to shrink 18% next year vs 13% growth forecast for Auto Components industry in Japan . Consensus price target broadly unchanged at JP¥2,468. Share price was steady at JP¥2,273 over the past week. Reported Earnings • Nov 09
Second quarter 2025 earnings released: EPS: JP¥39.99 (vs JP¥58.26 in 2Q 2024) Second quarter 2025 results: EPS: JP¥39.99 (down from JP¥58.26 in 2Q 2024). Revenue: JP¥205.5b (up 8.0% from 2Q 2024). Net income: JP¥6.59b (down 33% from 2Q 2024). Profit margin: 3.2% (down from 5.2% in 2Q 2024). Revenue is forecast to stay flat during the next 3 years compared to a 3.5% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 19% per year. Annonce • Nov 07
NOK Corporation (TSE:7240) announces an Equity Buyback for 2,000,000 shares, representing 1.19% for ¥4,512 million. NOK Corporation (TSE:7240) announces a share repurchase program. Under the program, the company will repurchase up to 2,000,000 shares, representing 1.19% of its share capital, for ¥ 4,512 million. The shares will be repurchased at ¥2,256 per share. As of September 30, 2024, the company had 167,623,498 shares in issue (excluding treasury stock) and 5,515,039 shares in treasury. Annonce • Sep 26
NOK Corporation to Report Q2, 2025 Results on Nov 07, 2024 NOK Corporation announced that they will report Q2, 2025 results on Nov 07, 2024 Upcoming Dividend • Sep 20
Upcoming dividend of JP¥50.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 04 December 2024. Trailing yield: 4.3%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (3.5%). New Risk • Aug 04
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.3% 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 1.3% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Declared Dividend • Jul 11
Final dividend of JP¥50.00 announced Shareholders will receive a dividend of JP¥50.00. Ex-date: 27th September 2024 Payment date: 4th December 2024 Dividend yield will be 4.5%, which is higher than the industry average of 2.7%. Sustainability & Growth The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 9.5% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annonce • Jun 26
NOK Corporation to Report Q1, 2025 Results on Aug 02, 2024 NOK Corporation announced that they will report Q1, 2025 results on Aug 02, 2024 Reported Earnings • May 16
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: JP¥188 (up from JP¥77.55 in FY 2023). Revenue: JP¥750.5b (up 5.7% from FY 2023). Net income: JP¥31.6b (up 137% from FY 2023). Profit margin: 4.2% (up from 1.9% in FY 2023). Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 30%. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Annonce • May 15
NOK Corporation, Annual General Meeting, Jun 26, 2024 NOK Corporation, Annual General Meeting, Jun 26, 2024. Annonce • Mar 24
NOK Corporation to Report Fiscal Year 2024 Results on May 13, 2024 NOK Corporation announced that they will report fiscal year 2024 results on May 13, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥37.50 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 71% and this is well supported by cash flows. Trailing yield: 3.5%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (2.6%). Reported Earnings • Feb 04
Third quarter 2024 earnings released: EPS: JP¥53.46 (vs JP¥19.54 in 3Q 2023) Third quarter 2024 results: EPS: JP¥53.46 (up from JP¥19.54 in 3Q 2023). Revenue: JP¥213.3b (up 14% from 3Q 2023). Net income: JP¥8.95b (up 168% from 3Q 2023). Profit margin: 4.2% (up from 1.8% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Auto Components industry in Japan. 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 11% per year, which means it is significantly lagging earnings growth. Annonce • Dec 24
NOK Corporation to Report Q3, 2024 Results on Feb 02, 2024 NOK Corporation announced that they will report Q3, 2024 results on Feb 02, 2024 Major Estimate Revision • Nov 24
Consensus EPS estimates increase by 13% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from JP¥119 to JP¥135. Revenue forecast steady at JP¥727.7b. Net income forecast to grow 60% next year vs 19% growth forecast for Auto Components industry in Japan. Consensus price target of JP¥2,136 unchanged from last update. Share price was steady at JP¥1,899 over the past week. Reported Earnings • Nov 10
Second quarter 2024 earnings released: EPS: JP¥58.26 (vs JP¥47.23 in 2Q 2023) Second quarter 2024 results: EPS: JP¥58.26 (up from JP¥47.23 in 2Q 2023). Revenue: JP¥190.3b (flat on 2Q 2023). Net income: JP¥9.88b (up 22% from 2Q 2023). Profit margin: 5.2% (up from 4.2% in 2Q 2023). Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Annonce • Nov 09
NOK Corporation (TSE:7240) announces an Equity Buyback for 7,000,000 shares, representing 4.04% for ¥10,000 million. NOK Corporation (TSE:7240) announces a share repurchase program. Under the program, the company will repurchase up to 7,000,000 shares, representing 4.04% of its share capital, for ¥10,000 million. The purpose of the program is to improve capital efficiency and corporate value. The program will expire on March 22, 2024. As of September 30, 2023, the company had 173,058,601 shares in issue (excluding treasury stock) and 79,936 shares in treasury. Annonce • Sep 24
NOK Corporation to Report Q2, 2024 Results on Nov 08, 2023 NOK Corporation announced that they will report Q2, 2024 results on Nov 08, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of JP¥37.50 per share at 3.6% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 04 December 2023. Payout ratio is on the higher end at 94%, and the cash payout ratio is above 100%. Trailing yield: 3.6%. Within top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (2.5%). Price Target Changed • Sep 13
Price target increased by 7.2% to JP¥2,150 Up from JP¥2,006, the current price target is an average from 7 analysts. New target price is approximately in line with last closing price of JP¥2,080. Stock is up 67% over the past year. The company is forecast to post earnings per share of JP¥109 for next year compared to JP¥77.55 last year. Reported Earnings • Aug 03
First quarter 2024 earnings released: EPS: JP¥13.55 (vs JP¥11.87 in 1Q 2023) First quarter 2024 results: EPS: JP¥13.55 (up from JP¥11.87 in 1Q 2023). Revenue: JP¥164.0b (up 1.8% from 1Q 2023). Net income: JP¥2.30b (up 12% from 1Q 2023). Profit margin: 1.4% (up from 1.3% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Price Target Changed • Jul 20
Price target increased by 9.3% to JP¥1,920 Up from JP¥1,757, the current price target is an average from 7 analysts. New target price is 8.0% below last closing price of JP¥2,088. Stock is up 70% over the past year. The company is forecast to post earnings per share of JP¥123 for next year compared to JP¥77.55 last year. Annonce • Jun 26
NOK Corporation to Report Q1, 2024 Results on Aug 02, 2023 NOK Corporation announced that they will report Q1, 2024 results on Aug 02, 2023 Price Target Changed • May 29
Price target increased by 10% to JP¥1,757 Up from JP¥1,590, the current price target is an average from 6 analysts. New target price is 6.2% below last closing price of JP¥1,873. Stock is up 60% over the past year. The company is forecast to post earnings per share of JP¥124 for next year compared to JP¥77.55 last year. Price Target Changed • May 13
Price target increased by 11% to JP¥1,590 Up from JP¥1,432, the current price target is an average from 6 analysts. New target price is 12% below last closing price of JP¥1,798. Stock is up 59% over the past year. The company is forecast to post earnings per share of JP¥122 for next year compared to JP¥77.55 last year. Annonce • May 12
NOK Corporation, Annual General Meeting, Jun 28, 2023 NOK Corporation, Annual General Meeting, Jun 28, 2023. Reported Earnings • May 12
Full year 2023 earnings: EPS in line with expectations, revenues disappoint Full year 2023 results: EPS: JP¥77.55 (down from JP¥149 in FY 2022). Revenue: JP¥710.0b (up 4.0% from FY 2022). Net income: JP¥13.3b (down 48% from FY 2022). Profit margin: 1.9% (down from 3.8% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 20
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥1,779, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 10x in the Auto Components industry in Japan. Total returns to shareholders of 81% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,007 per share. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥25.00 per share at 4.4% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 27 June 2023. Payout ratio is a comfortable 50% but the company is paying out more than the cash it is generating. Trailing yield: 4.4%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (3.2%). Major Estimate Revision • Mar 03
Consensus EPS estimates fall by 11% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from JP¥113 to JP¥100 per share. Revenue forecast steady at JP¥737.9b. Net income forecast to grow 9.1% next year vs 26% growth forecast for Auto Components industry in Japan. Consensus price target broadly unchanged at JP¥1,357. Share price was steady at JP¥1,351 over the past week. Major Estimate Revision • Feb 18
Consensus EPS estimates fall by 11% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from JP¥126 to JP¥113 per share. Revenue forecast steady at JP¥742.4b. Net income forecast to grow 15% next year vs 25% growth forecast for Auto Components industry in Japan. Consensus price target of JP¥1,348 unchanged from last update. Share price rose 3.8% to JP¥1,264 over the past week. Reported Earnings • Feb 04
Third quarter 2023 earnings: EPS and revenues miss analyst expectations Third quarter 2023 results: EPS: JP¥19.54 (down from JP¥33.98 in 3Q 2022). Revenue: JP¥187.4b (up 3.1% from 3Q 2022). Net income: JP¥3.34b (down 43% from 3Q 2022). Profit margin: 1.8% (down from 3.2% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 8.1%. Earnings per share (EPS) also missed analyst estimates by 40%. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Annonce • Feb 04
NOK Corporation Provides Dividend Guidance for Fiscal Year Ending March 31, 2023 NOK Corporation provided dividend guidance for fiscal year ending March 31, 2023. For the year end, the company expects to pay dividend of JPY 25 per share against JPY 35 per share a year ago. Annonce • Feb 03
NOK Corporation Provides Consolidated Earnings Guidance for the Quarter Ending March 2023 NOK Corporation provided consolidated earnings guidance for the quarter ending March 2023. For the period, the company expects net sales of JPY 717,400 million, operating profit of JPY 13,700 million, profit attributable to owners of parent of JPY 10,500 million, basic earnings per share of JPY 61.01 per basic share. Annonce • Dec 26
NOK Corporation to Report Q3, 2023 Results on Feb 03, 2023 NOK Corporation announced that they will report Q3, 2023 results on Feb 03, 2023 Buying Opportunity • Dec 05
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 1.6%. The fair value is estimated to be JP¥1,528, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.8% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 3.7% per annum. Earnings is also forecast to grow by 8.8% per annum over the same time period. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 7 non-independent directors. Independent Outside Director Makoto Fujioka was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 12
Second quarter 2023 earnings released: EPS: JP¥47.23 (vs JP¥35.59 in 2Q 2022) Second quarter 2023 results: EPS: JP¥47.23 (up from JP¥35.59 in 2Q 2022). Revenue: JP¥191.7b (up 14% from 2Q 2022). Net income: JP¥8.13b (up 32% from 2Q 2022). Profit margin: 4.2% (up from 3.7% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.