Reported Earnings • Aug 08
First quarter 2027 earnings released: EPS: JP¥28.65 (vs JP¥11.63 in 1Q 2026) First quarter 2027 results: EPS: JP¥28.65 (up from JP¥11.63 in 1Q 2026). Revenue: JP¥53.4b (up 7.4% from 1Q 2026). Net income: JP¥4.38b (up 142% from 1Q 2026). Profit margin: 8.2% (up from 3.6% in 1Q 2026). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Construction industry in Japan. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has increased by 65% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Jul 25
Final dividend of JP¥32.50 announced Shareholders will receive a dividend of JP¥32.50. Ex-date: 29th September 2026 Payment date: 10th December 2026 Dividend yield will be 2.9%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (42% earnings payout ratio) and cash flows (79% 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. EPS is expected to grow by 25% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥2,665, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 12x in the Construction industry in Japan. Total returns to shareholders of 509% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥3,354 per share. Annonce • Jun 04
Sanki Engineering Co., Ltd. to Report Q1, 2027 Results on Aug 07, 2026 Sanki Engineering Co., Ltd. announced that they will report Q1, 2027 results on Aug 07, 2026 Valuation Update With 7 Day Price Move • May 21
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥2,174, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 13x in the Construction industry in Japan. Total returns to shareholders of 399% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥3,331 per share. Reported Earnings • May 17
Full year 2026 earnings: EPS and revenues exceed analyst expectations Full year 2026 results: EPS: JP¥461 (up from JP¥109 in FY 2025). Revenue: JP¥254.7b (flat on FY 2025). Net income: JP¥23.7b (up 38% from FY 2025). Profit margin: 9.3% (up from 6.8% in FY 2025). Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) also surpassed analyst estimates significantly. Revenue is forecast to grow 4.2% p.a. on average during the next 2 years, compared to a 4.2% growth forecast for the Construction industry in Japan. Over the last 3 years on average, earnings per share has increased by 77% per year whereas the company’s share price has increased by 73% per year. Annonce • May 14
Sanki Engineering Co., Ltd., Annual General Meeting, Jun 24, 2026 Sanki Engineering Co., Ltd., Annual General Meeting, Jun 24, 2026. Buy Or Sell Opportunity • May 13
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.0% to JP¥2,596. The fair value is estimated to be JP¥3,303, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 52%. Revenue is forecast to grow by 11% in 2 years. Earnings are forecast to grow by 28% in the next 2 years. Annonce • May 09
Sanki Engineering Co., Ltd. to Report Fiscal Year 2026 Results on May 14, 2026 Sanki Engineering Co., Ltd. announced that they will report fiscal year 2026 results on May 14, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥82.50 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 29 June 2026. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (2.4%). Reported Earnings • Feb 14
Third quarter 2026 earnings released: EPS: JP¥145 (vs JP¥109 in 3Q 2025) Third quarter 2026 results: EPS: JP¥145 (up from JP¥109 in 3Q 2025). Revenue: JP¥68.6b (down 2.7% from 3Q 2025). Net income: JP¥7.42b (up 30% from 3Q 2025). Profit margin: 11% (up from 8.1% in 3Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Construction industry in Japan. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has increased by 69% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Feb 14
Sanki Engineering Co., Ltd. Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2026 Sanki Engineering Co., Ltd. provided consolidated earnings guidance for the fiscal Year Ending March 31, 2026. For the year, the company expects net sales of ¥250,000 million, operating profit of ¥27,500 million, profit attributable to owners of parent of ¥21,900 million or ¥425.76 per share. New Risk • Feb 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.5% average weekly change). Buy Or Sell Opportunity • Feb 13
Now 26% undervalued Over the last 90 days, the stock has risen 34% to JP¥7,150. The fair value is estimated to be JP¥9,663, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 53%. Revenue is forecast to grow by 9.7% in 2 years. Earnings are forecast to grow by 31% in the next 2 years. Declared Dividend • Dec 11
First half dividend of JP¥82.50 announced Shareholders will receive a dividend of JP¥82.50. Ex-date: 30th March 2026 Payment date: 29th June 2026 Dividend yield will be 3.1%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by both earnings (55% earnings payout ratio) and cash flows (44% cash payout ratio). The dividend has increased by an average of 27% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 40% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annonce • Dec 03
Sanki Engineering Co., Ltd. to Report Q3, 2026 Results on Feb 13, 2026 Sanki Engineering Co., Ltd. announced that they will report Q3, 2026 results on Feb 13, 2026 Reported Earnings • Nov 18
Second quarter 2026 earnings released: EPS: JP¥73.73 (vs JP¥58.43 in 2Q 2025) Second quarter 2026 results: EPS: JP¥73.73 (up from JP¥58.43 in 2Q 2025). Revenue: JP¥52.2b (down 9.1% from 2Q 2025). Net income: JP¥3.82b (up 23% from 2Q 2025). Profit margin: 7.3% (up from 5.4% in 2Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Construction industry in Japan. Over the last 3 years on average, earnings per share has increased by 53% per year whereas the company’s share price has increased by 50% per year. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥82.50 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 10 December 2025. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.8%). Annonce • Sep 02
Sanki Engineering Co., Ltd. to Report Q2, 2026 Results on Nov 14, 2025 Sanki Engineering Co., Ltd. announced that they will report Q2, 2026 results on Nov 14, 2025 Reported Earnings • Aug 09
First quarter 2026 earnings released: EPS: JP¥34.88 (vs JP¥41.88 in 1Q 2025) First quarter 2026 results: EPS: JP¥34.88 (down from JP¥41.88 in 1Q 2025). Revenue: JP¥49.7b (down 6.1% from 1Q 2025). Net income: JP¥1.81b (down 19% from 1Q 2025). Profit margin: 3.6% (down from 4.2% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Construction industry in Japan. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 45% per year, which means it is significantly lagging earnings growth. Annonce • Aug 08
Sanki Engineering Co., Ltd. (TSE:1961) announces an Equity Buyback for 1,000,000 shares, representing 1.93% for ¥5,000 million. Sanki Engineering Co., Ltd. (TSE:1961) announces a share repurchase program. Under the program, the company will repurchase up to 1,000,000 shares, representing 1.93% of its issued share capital, for ¥5,000 million. The purpose of the program is to balance growth investments and shareholder returns and increase corporate value in the medium to long term. The repurchased shares will be cancelled. The program will run until March 31, 2026. As of June 30, 2025, the company had 51,782,982 shares outstanding (excluding treasury shares) and 2,878,174 shares in treasury. Major Estimate Revision • Jul 24
Consensus EPS estimates increase by 17% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from JP¥336 to JP¥392. Revenue forecast steady at JP¥259.0b. Net income forecast to grow 18% next year vs 8.1% growth forecast for Construction industry in Japan. Consensus price target up from JP¥4,350 to JP¥5,000. Share price was steady at JP¥4,305 over the past week. Declared Dividend • Jul 09
Final dividend of JP¥82.50 announced Shareholders will receive a dividend of JP¥82.50. Ex-date: 29th September 2025 Payment date: 10th December 2025 Dividend yield will be 4.7%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is well covered by both earnings (33% earnings payout ratio) and cash flows (30% cash payout ratio). The dividend has increased by an average of 27% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 9.2% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jul 01
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: JP¥326 (up from JP¥166 in FY 2024). Revenue: JP¥253.1b (up 14% from FY 2024). Net income: JP¥17.2b (up 92% from FY 2024). Profit margin: 6.8% (up from 4.0% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 9.8%. Revenue is forecast to grow 3.2% p.a. on average during the next 2 years, compared to a 2.4% growth forecast for the Construction industry in Japan. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Jun 18
Now 21% undervalued Over the last 90 days, the stock has risen 20% to JP¥4,000. The fair value is estimated to be JP¥5,062, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 46%. Revenue is forecast to grow by 6.7% in 2 years. Earnings are forecast to grow by 8.6% in the next 2 years. Annonce • Jun 05
Sanki Engineering Co., Ltd. to Report Q1, 2026 Results on Aug 08, 2025 Sanki Engineering Co., Ltd. announced that they will report Q1, 2026 results on Aug 08, 2025 Reported Earnings • May 15
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: JP¥326 (up from JP¥166 in FY 2024). Revenue: JP¥253.1b (up 14% from FY 2024). Net income: JP¥17.2b (up 92% from FY 2024). Profit margin: 6.8% (up from 4.0% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 9.8%. Revenue is forecast to grow 3.2% p.a. on average during the next 2 years, compared to a 2.1% growth forecast for the Construction industry in Japan. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth. Annonce • Mar 28
Sanki Engineering Co., Ltd. to Report Fiscal Year 2025 Results on May 13, 2025 Sanki Engineering Co., Ltd. announced that they will report fiscal year 2025 results on May 13, 2025 Major Estimate Revision • Mar 26
Consensus EPS estimates increase by 23% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from JP¥247.0b to JP¥255.0b. EPS estimate increased from JP¥242 to JP¥297 per share. Net income forecast to grow 20% next year vs 6.1% growth forecast for Construction industry in Japan. Consensus price target up from JP¥3,500 to JP¥4,350. Share price rose 6.9% to JP¥3,570 over the past week. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥90.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 24 June 2025. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 4.2%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (3.3%). Reported Earnings • Feb 16
Third quarter 2025 earnings released: EPS: JP¥109 (vs JP¥63.97 in 3Q 2024) Third quarter 2025 results: EPS: JP¥109 (up from JP¥63.97 in 3Q 2024). Revenue: JP¥70.5b (up 17% from 3Q 2024). Net income: JP¥5.71b (up 66% from 3Q 2024). Profit margin: 8.1% (up from 5.7% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Construction industry in Japan. Over the last 3 years on average, earnings per share has increased by 35% per year whereas the company’s share price has increased by 30% per year. Declared Dividend • Dec 11
First half dividend of JP¥55.00 announced Shareholders will receive a dividend of JP¥55.00. Ex-date: 28th March 2025 Payment date: 24th June 2025 Dividend yield will be 3.6%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by earnings (40% earnings payout ratio) but not covered by cash flows (171% cash payout ratio). The dividend has increased by an average of 22% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 36% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annonce • Dec 05
Sanki Engineering Co., Ltd. to Report Q3, 2025 Results on Feb 14, 2025 Sanki Engineering Co., Ltd. announced that they will report Q3, 2025 results on Feb 14, 2025 Reported Earnings • Nov 13
Second quarter 2025 earnings released: EPS: JP¥58.43 (vs JP¥19.64 in 2Q 2024) Second quarter 2025 results: EPS: JP¥58.43 (up from JP¥19.64 in 2Q 2024). Revenue: JP¥57.4b (up 18% from 2Q 2024). Net income: JP¥3.11b (up 190% from 2Q 2024). Profit margin: 5.4% (up from 2.2% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Construction industry in Japan. Over the last 3 years on average, earnings per share has increased by 26% per year whereas the company’s share price has increased by 27% per year. New Risk • Nov 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.1% average weekly change). Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to JP¥2,885, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 12x in the Construction industry in Japan. Total returns to shareholders of 133% over the past three years. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥42.50 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 09 December 2024. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (3.3%). Annonce • Aug 29
Sanki Engineering Co., Ltd. to Report Q2, 2025 Results on Nov 11, 2024 Sanki Engineering Co., Ltd. announced that they will report Q2, 2025 results on Nov 11, 2024 Reported Earnings • Aug 13
First quarter 2025 earnings released: EPS: JP¥25.33 (vs JP¥6.23 in 1Q 2024) First quarter 2025 results: EPS: JP¥25.33 (up from JP¥6.23 in 1Q 2024). Revenue: JP¥48.5b (up 19% from 1Q 2024). Net income: JP¥1.35b (up 297% from 1Q 2024). Profit margin: 2.8% (up from 0.8% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 16% per year. Annonce • Aug 12
Sanki Engineering Co., Ltd. (TSE:1961) announces an Equity Buyback for 2.82% of its issued share capital, for ¥4,050 million. Sanki Engineering Co., Ltd. (TSE:1961) announces a share repurchase program. Under the program, the company will repurchase up to 2.82% of its issued share capital, for ¥4,050 million. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to JP¥1,825, the stock trades at a trailing P/E ratio of 10.8x. Average trailing P/E is 11x in the Construction industry in Japan. Total returns to shareholders of 42% over the past three years. Declared Dividend • Jul 11
Final dividend of JP¥42.50 announced Shareholders will receive a dividend of JP¥42.50. Ex-date: 27th September 2024 Payment date: 9th December 2024 Dividend yield will be 4.3%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by earnings (66% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 19% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 2.4% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Jun 26
Full year 2024 earnings released: EPS: JP¥166 (vs JP¥85.79 in FY 2023) Full year 2024 results: EPS: JP¥166 (up from JP¥85.79 in FY 2023). Revenue: JP¥221.9b (up 16% from FY 2023). Net income: JP¥8.95b (up 88% from FY 2023). Profit margin: 4.0% (up from 2.5% in FY 2023). 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 whereas the company’s share price has increased by 15% per year. Annonce • Jun 15
Sanki Engineering Co., Ltd. to Report Q1, 2025 Results on Aug 09, 2024 Sanki Engineering Co., Ltd. announced that they will report Q1, 2025 results on Aug 09, 2024 Reported Earnings • May 12
Full year 2024 earnings released: EPS: JP¥166 (vs JP¥85.79 in FY 2023) Full year 2024 results: EPS: JP¥166 (up from JP¥85.79 in FY 2023). Revenue: JP¥221.9b (up 16% from FY 2023). Net income: JP¥8.95b (up 88% from FY 2023). Profit margin: 4.0% (up from 2.5% in FY 2023). 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 17% per year, which means it is tracking significantly ahead of earnings growth. Annonce • May 12
Sanki Engineering Co., Ltd., Annual General Meeting, Jun 21, 2024 Sanki Engineering Co., Ltd., Annual General Meeting, Jun 21, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥35.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 26 June 2024. Payout ratio is a comfortable 66% but the company is not cash flow positive. Trailing yield: 3.2%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (2.7%). Annonce • Mar 20
Sanki Engineering Co., Ltd. to Report Fiscal Year 2024 Results on May 10, 2024 Sanki Engineering Co., Ltd. announced that they will report fiscal year 2024 results on May 10, 2024 Reported Earnings • Feb 16
Third quarter 2024 earnings released: EPS: JP¥63.97 (vs JP¥31.76 in 3Q 2023) Third quarter 2024 results: EPS: JP¥63.97 (up from JP¥31.76 in 3Q 2023). Revenue: JP¥60.2b (up 15% from 3Q 2023). Net income: JP¥3.45b (up 97% from 3Q 2023). Profit margin: 5.7% (up from 3.4% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Dec 28
Sanki Engineering Co., Ltd. to Report Q3, 2024 Results on Feb 14, 2024 Sanki Engineering Co., Ltd. announced that they will report Q3, 2024 results on Feb 14, 2024 Reported Earnings • Nov 11
Second quarter 2024 earnings released: EPS: JP¥19.64 (vs JP¥2.38 loss in 2Q 2023) Second quarter 2024 results: EPS: JP¥19.64 (up from JP¥2.38 loss in 2Q 2023). Revenue: JP¥48.7b (up 22% from 2Q 2023). Net income: JP¥1.07b (up JP¥1.20b from 2Q 2023). Profit margin: 2.2% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Annonce • Sep 29
Sanki Engineering Co., Ltd. to Report Q2, 2024 Final Results on Nov 10, 2023 Sanki Engineering Co., Ltd. announced that they will report Q2, 2024 final results on Nov 10, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of JP¥35.00 per share at 4.2% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 11 December 2023. Payout ratio is a comfortable 67% but the company is not cash flow positive. Trailing yield: 4.2%. Within top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (3.0%). New Risk • Aug 17
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 28% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 7.6% per year over the past 5 years. High level of non-cash earnings (28% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Aug 12
First quarter 2024 earnings released: EPS: JP¥6.23 (vs JP¥11.41 loss in 1Q 2023) First quarter 2024 results: EPS: JP¥6.23 (up from JP¥11.41 loss in 1Q 2023). Revenue: JP¥40.7b (up 22% from 1Q 2023). Net income: JP¥339.0m (up JP¥976.0m from 1Q 2023). Profit margin: 0.8% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Annonce • Aug 11
Sanki Engineering Co., Ltd. (TSE:1961) announces an Equity Buyback for 1,500,000 shares, representing 2.76% for ¥2,550 million. Sanki Engineering Co., Ltd. (TSE:1961) announces a share repurchase program. Under the program, the company will repurchase up to 1,500,000 shares, representing 2.76% of its total shares outstanding (excluding treasury shares), for a total of ¥2,550 million. The purpose of repurchase program is to enhance shareholder returns, improve capital efficiency, and increase corporate value over the medium to long term. The repurchased shares will be cancelled. The repurchase program is valid till March 31, 2024. As of June 30, 2023, the company had 54,444,698 shares outstanding (excluding treasury shares) and had 3,716,458 shares in treasury. Annonce • Jun 28
Sanki Engineering Co., Ltd. to Report Q1, 2024 Results on Aug 10, 2023 Sanki Engineering Co., Ltd. announced that they will report Q1, 2024 results on Aug 10, 2023 Reported Earnings • May 14
Full year 2023 earnings released: EPS: JP¥85.79 (vs JP¥115 in FY 2022) Full year 2023 results: EPS: JP¥85.79 (down from JP¥115 in FY 2022). Revenue: JP¥190.9b (down 1.2% from FY 2022). Net income: JP¥4.75b (down 27% from FY 2022). Profit margin: 2.5% (down from 3.4% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Annonce • May 14
Sanki Engineering Co., Ltd., Annual General Meeting, Jun 23, 2023 Sanki Engineering Co., Ltd., Annual General Meeting, Jun 23, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥35.00 per share at 4.8% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 26 June 2023. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 4.8%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (3.6%). Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: JP¥31.76 (vs JP¥50.25 in 3Q 2022) Third quarter 2023 results: EPS: JP¥31.76 (down from JP¥50.25 in 3Q 2022). Revenue: JP¥52.2b (up 1.1% from 3Q 2022). Net income: JP¥1.75b (down 38% from 3Q 2022). Profit margin: 3.4% (down from 5.5% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Annonce • Dec 15
Sanki Engineering Co., Ltd. to Report Q3, 2023 Results on Feb 10, 2023 Sanki Engineering Co., Ltd. announced that they will report Q3, 2023 results on Feb 10, 2023 Board Change • Nov 16
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 5 independent directors. 7 non-independent directors. Independent External Director Tamami Umeda 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 13
Second quarter 2023 earnings released: JP¥2.38 loss per share (vs JP¥15.83 profit in 2Q 2022) Second quarter 2023 results: JP¥2.38 loss per share (down from JP¥15.83 profit in 2Q 2022). Revenue: JP¥40.1b (down 12% from 2Q 2022). Net loss: JP¥133.0m (down 115% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥35.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 12 December 2022. Payout ratio is a comfortable 67% and this is well supported by cash flows. Trailing yield: 4.2%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (3.5%). Annonce • Sep 04
Sanki Engineering Co., Ltd. to Report Q2, 2023 Results on Nov 11, 2022 Sanki Engineering Co., Ltd. announced that they will report Q2, 2023 results on Nov 11, 2022 Reported Earnings • Aug 07
First quarter 2023 earnings released: JP¥11.41 loss per share (vs JP¥0.62 loss in 1Q 2022) First quarter 2023 results: JP¥11.41 loss per share (down from JP¥0.62 loss in 1Q 2022). Revenue: JP¥33.5b (down 14% from 1Q 2022). Net loss: JP¥637.0m (loss widened JP¥602.0m from 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Annonce • Aug 06
Sanki Engineering Co., Ltd. (TSE:1961) announces an Equity Buyback for 1,500,000 shares, representing 2.68% for ¥2,550 million. Sanki Engineering Co., Ltd. (TSE:1961) announces a share repurchase program. Under the program, the company will repurchase 1,500,000 shares, representing 2.68% of its share capital, for ¥2,550 million. The company will repurchase its shares in order to continuously expand shareholder returns, improve capital efficiency, and improve corporate value over the medium to long term. The program will run until March 31, 2023. As of June 30, 2022, the company had 55,870,698 shares outstanding (excluding treasury shares) and 3,790,458 shares in treasury. Annonce • Jun 22
Sanki Engineering Co., Ltd. to Report Q1, 2023 Results on Aug 05, 2022 Sanki Engineering Co., Ltd. announced that they will report Q1, 2023 results on Aug 05, 2022 Reported Earnings • May 18
Full year 2022 earnings released: EPS: JP¥115 (vs JP¥103 in FY 2021) Full year 2022 results: EPS: JP¥115 (up from JP¥103 in FY 2021). Revenue: JP¥193.2b (up 1.6% from FY 2021). Net income: JP¥6.49b (up 10.0% from FY 2021). Profit margin: 3.4% (up from 3.1% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Annonce • May 15
Sanki Engineering Co., Ltd., Annual General Meeting, Jun 23, 2022 Sanki Engineering Co., Ltd., Annual General Meeting, Jun 23, 2022. Agenda: General meeting of shareholders. Board Change • Apr 27
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. 7 non-independent directors. Independent Outside Director Keiji Kono was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Annonce • Apr 07
Sanki Engineering Co., Ltd. to Report Fiscal Year 2022 Results on May 13, 2022 Sanki Engineering Co., Ltd. announced that they will report fiscal year 2022 results on May 13, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥35.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 24 June 2022. Payout ratio is a comfortable 56% and this is well supported by cash flows. Trailing yield: 4.7%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (3.1%). Reported Earnings • Feb 12
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥50.24 (up from JP¥29.01 in 3Q 2021). Revenue: JP¥51.7b (up 6.8% from 3Q 2021). Net income: JP¥2.82b (up 71% from 3Q 2021). Profit margin: 5.5% (up from 3.4% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Reported Earnings • Nov 16
Second quarter 2022 earnings released: EPS JP¥15.83 (vs JP¥14.04 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥45.3b (up 6.4% from 2Q 2021). Net income: JP¥898.0m (up 11% from 2Q 2021). Profit margin: 2.0% (up from 1.9% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥35.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 10 December 2021. Trailing yield: 5.2%. Within top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (3.0%). Reported Earnings • Aug 09
First quarter 2022 earnings released: JP¥0.62 loss per share (vs JP¥0.19 profit in 1Q 2021) The company reported a soft first quarter result with weaker earnings and weaker control over costs, although revenues improved. First quarter 2022 results: Revenue: JP¥38.7b (up 1.3% from 1Q 2021). Net loss: JP¥35.0m (down 418% from profit in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 8% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Aug 08
Sanki Engineering Co., Ltd. (TSE:1961) announces an Equity Buyback for 1,000,000 shares, representing 1.76% for ¥1,600 million. Sanki Engineering Co., Ltd. (TSE:1961) announces a share repurchase program. Under the program, the company will repurchase 1,000,000 shares, representing 1.76% of its share capital, for ¥1,600 million. The company will repurchase its shares in order to implement agile capital policies and implement shareholder returns in response to changes in the business environment. The program will run until March 31, 2022. As of June 30, 2021, the company had 56,760,698 shares outstanding (excluding treasury shares) and 2,900,458 shares in treasury. Reported Earnings • Jun 27
Full year 2021 earnings released: EPS JP¥103 (vs JP¥129 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥190.1b (down 8.5% from FY 2020). Net income: JP¥5.90b (down 22% from FY 2020). Profit margin: 3.1% (down from 3.6% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 10% per year and the company’s share price has also increased by 10% per year.