Reported Earnings • 10h
First quarter 2027 earnings released: EPS: JP¥0.22 (vs JP¥6.79 in 1Q 2026) First quarter 2027 results: EPS: JP¥0.22 (down from JP¥6.79 in 1Q 2026). Revenue: JP¥1.98b (up 2.8% from 1Q 2026). Net income: JP¥1.00m (down 97% from 1Q 2026). Profit margin: 0.1% (down from 1.6% in 1Q 2026). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Annonce • Jun 23
Asahi Rubber Inc. to Report Q1, 2027 Results on Aug 06, 2026 Asahi Rubber Inc. announced that they will report Q1, 2027 results on Aug 06, 2026 Reported Earnings • May 19
Full year 2026 earnings: EPS and revenues exceed analyst expectations Full year 2026 results: EPS: JP¥34.87 (up from JP¥51.73 loss in FY 2025). Revenue: JP¥7.85b (up 2.8% from FY 2025). Net income: JP¥158.0m (up JP¥394.0m from FY 2025). Profit margin: 2.0% (up from net loss in FY 2025). The move to profitability was primarily driven by higher revenue. Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) also surpassed analyst estimates by 24%. Revenue is forecast to grow 2.2% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance. Annonce • May 14
Asahi Rubber Inc., Annual General Meeting, Jun 26, 2026 Asahi Rubber Inc., Annual General Meeting, Jun 26, 2026. New Risk • Mar 27
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 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Market cap is less than US$100m (JP¥3.72b market cap, or US$23.3m). Upcoming Dividend • Mar 23
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 30 June 2026. The company is not currently making a profit and is not cash flow positive. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%). Reported Earnings • Feb 11
Third quarter 2026 earnings released: EPS: JP¥16.39 (vs JP¥8.77 in 3Q 2025) Third quarter 2026 results: EPS: JP¥16.39 (up from JP¥8.77 in 3Q 2025). Revenue: JP¥1.98b (up 1.0% from 3Q 2025). Net income: JP¥74.0m (up 85% from 3Q 2025). Profit margin: 3.7% (up from 2.0% in 3Q 2025). Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 110 percentage points per year, which is a significant difference in performance. Annonce • Dec 09
Asahi Rubber Inc. to Report Q3, 2026 Results on Feb 10, 2026 Asahi Rubber Inc. announced that they will report Q3, 2026 results on Feb 10, 2026 Reported Earnings • Nov 14
Second quarter 2026 earnings released: EPS: JP¥12.72 (vs JP¥19.73 loss in 2Q 2025) Second quarter 2026 results: EPS: JP¥12.72 (up from JP¥19.73 loss in 2Q 2025). Revenue: JP¥1.96b (up 5.7% from 2Q 2025). Net income: JP¥58.0m (up JP¥148.0m from 2Q 2025). Profit margin: 3.0% (up from net loss in 2Q 2025). Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 105 percentage points per year, which is a significant difference in performance. Annonce • Nov 11
Asahi Rubber Inc. (TSE:5162) announces an Equity Buyback for 100,000 shares, representing 2.18% for ¥69 million. Asahi Rubber Inc. (TSE:5162) announces a share repurchase program. Under the program, the company will repurchase up to 100,000 shares, representing 2.18% of its issued share capital, for ¥69 million. The shares will be repurchased at a price of ¥690 per share. The purpose of the program is to allocate shares required for the employee stock compensation plan and to enable the implementation of a flexible and agile capital policy. As of September 30, 2025, there are 4,593,343 outstanding shares (excluding treasury stock) and 25,177 treasury shares. Annonce • Sep 27
Asahi Rubber Inc. to Report Q2, 2026 Results on Nov 11, 2025 Asahi Rubber Inc. announced that they will report Q2, 2026 results on Nov 11, 2025 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 08 December 2025. The company is not currently making a profit and is not cash flow positive. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.0%). Reported Earnings • Aug 08
First quarter 2026 earnings released: EPS: JP¥6.79 (vs JP¥0.88 in 1Q 2025) First quarter 2026 results: EPS: JP¥6.79 (up from JP¥0.88 in 1Q 2025). Revenue: JP¥1.92b (up 4.6% from 1Q 2025). Net income: JP¥31.0m (up JP¥27.0m from 1Q 2025). Profit margin: 1.6% (up from 0.2% in 1Q 2025). Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance. Annonce • May 31
Asahi Rubber Inc. to Report Q1, 2026 Results on Aug 07, 2025 Asahi Rubber Inc. announced that they will report Q1, 2026 results on Aug 07, 2025 Reported Earnings • May 19
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: JP¥51.73 loss per share (down from JP¥29.21 profit in FY 2024). Revenue: JP¥7.64b (up 6.4% from FY 2024). Net loss: JP¥236.0m (down 277% from profit in FY 2024). Revenue exceeded analyst estimates by 3.2%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 3.6% p.a. on average during the next 2 years, compared to a 4.3% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance. Annonce • May 14
Asahi Rubber Inc., Annual General Meeting, Jun 27, 2025 Asahi Rubber Inc., Annual General Meeting, Jun 27, 2025. Annonce • Mar 28
Asahi Rubber Inc. to Report Fiscal Year 2025 Results on May 14, 2025 Asahi Rubber Inc. announced that they will report fiscal year 2025 results on May 14, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 23 June 2025. The company is not currently making a profit and is not cash flow positive. Trailing yield: 3.5%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.1%). Reported Earnings • Feb 12
Third quarter 2025 earnings released: EPS: JP¥8.77 (vs JP¥15.79 in 3Q 2024) Third quarter 2025 results: EPS: JP¥8.77 (down from JP¥15.79 in 3Q 2024). Revenue: JP¥1.96b (up 3.6% from 3Q 2024). Net income: JP¥40.0m (down 44% from 3Q 2024). Profit margin: 2.0% (down from 3.8% in 3Q 2024). Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Annonce • Nov 30
Asahi Rubber Inc. to Report Q3, 2025 Results on Feb 10, 2025 Asahi Rubber Inc. announced that they will report Q3, 2025 results on Feb 10, 2025 Reported Earnings • Nov 10
Second quarter 2025 earnings released: JP¥19.73 loss per share (vs JP¥10.75 profit in 2Q 2024) Second quarter 2025 results: JP¥19.73 loss per share (down from JP¥10.75 profit in 2Q 2024). Revenue: JP¥1.86b (up 9.6% from 2Q 2024). Net loss: JP¥90.0m (down 284% from profit in 2Q 2024). Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Annonce • Sep 21
Asahi Rubber Inc. to Report Q2, 2025 Results on Nov 08, 2024 Asahi Rubber Inc. announced that they will report Q2, 2025 results on Nov 08, 2024 Upcoming Dividend • Sep 20
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 06 December 2024. Payout ratio is a comfortable 70% and this is well supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.9%). Reported Earnings • Aug 11
First quarter 2025 earnings released: EPS: JP¥0.88 (vs JP¥1.32 in 1Q 2024) First quarter 2025 results: EPS: JP¥0.88 (down from JP¥1.32 in 1Q 2024). Revenue: JP¥1.84b (up 10% from 1Q 2024). Net income: JP¥4.00m (down 33% from 1Q 2024). Profit margin: 0.2% (down from 0.4% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Reported Earnings • Jun 25
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: JP¥29.21 (down from JP¥44.75 in FY 2023). Revenue: JP¥7.18b (flat on FY 2023). Net income: JP¥133.0m (down 35% from FY 2023). Profit margin: 1.9% (down from 2.8% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 30%. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Annonce • Jun 23
Asahi Rubber Inc. to Report Q1, 2025 Results on Aug 08, 2024 Asahi Rubber Inc. announced that they will report Q1, 2025 results on Aug 08, 2024 Reported Earnings • May 19
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: JP¥29.20 (down from JP¥44.75 in FY 2023). Revenue: JP¥7.18b (flat on FY 2023). Net income: JP¥133.0m (down 35% from FY 2023). Profit margin: 1.9% (down from 2.8% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 30%. Revenue is forecast to grow 8.4% p.a. on average during the next 2 years, compared to a 4.7% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Annonce • May 16
Asahi Rubber Inc., Annual General Meeting, Jun 20, 2024 Asahi Rubber Inc., Annual General Meeting, Jun 20, 2024. Annonce • Mar 23
Asahi Rubber Inc. to Report Fiscal Year 2024 Results on May 14, 2024 Asahi Rubber Inc. announced that they will report fiscal year 2024 results on May 14, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 26 June 2024. Payout ratio is a comfortable 57% and this is well supported by cash flows. Trailing yield: 3.6%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.9%). Reported Earnings • Feb 15
Third quarter 2024 earnings released: EPS: JP¥15.79 (vs JP¥13.01 in 3Q 2023) Third quarter 2024 results: EPS: JP¥15.79 (up from JP¥13.01 in 3Q 2023). Revenue: JP¥1.89b (flat on 3Q 2023). Net income: JP¥72.0m (up 22% from 3Q 2023). Profit margin: 3.8% (up from 3.1% in 3Q 2023). Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Annonce • Dec 21
Asahi Rubber Inc. to Report Q3, 2024 Results on Feb 13, 2024 Asahi Rubber Inc. announced that they will report Q3, 2024 results on Feb 13, 2024 Reported Earnings • Nov 11
Second quarter 2024 earnings released: EPS: JP¥10.74 (vs JP¥9.48 in 2Q 2023) Second quarter 2024 results: EPS: JP¥10.74 (up from JP¥9.48 in 2Q 2023). Revenue: JP¥1.69b (down 7.1% from 2Q 2023). Net income: JP¥49.0m (up 14% from 2Q 2023). Profit margin: 2.9% (up from 2.4% in 2Q 2023). Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥10.00 per share at 3.7% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 06 December 2023. Payout ratio is a comfortable 65% and this is well supported by cash flows. Trailing yield: 3.7%. Within top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (2.1%). Annonce • Sep 17
Asahi Rubber Inc. to Report Q2, 2024 Results on Nov 09, 2023 Asahi Rubber Inc. announced that they will report Q2, 2024 results on Nov 09, 2023 New Risk • Aug 10
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.0% Last year net profit margin: 3.5% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. 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. Profit margins are more than 30% lower than last year (2.0% net profit margin). Market cap is less than US$100m (JP¥2.49b market cap, or US$17.3m). Reported Earnings • Aug 10
First quarter 2024 earnings released: EPS: JP¥1.32 (vs JP¥15.21 in 1Q 2023) First quarter 2024 results: EPS: JP¥1.32 (down from JP¥15.21 in 1Q 2023). Revenue: JP¥1.67b (down 5.1% from 1Q 2023). Net income: JP¥6.00m (down 91% from 1Q 2023). Profit margin: 0.4% (down from 3.9% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Annonce • Jun 23
Asahi Rubber Inc. to Report Q1, 2024 Results on Aug 08, 2023 Asahi Rubber Inc. announced that they will report Q1, 2024 results on Aug 08, 2023 Reported Earnings • May 16
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: JP¥44.75 (down from JP¥52.47 in FY 2022). Revenue: JP¥7.21b (up 2.6% from FY 2022). Net income: JP¥203.0m (down 15% from FY 2022). Profit margin: 2.8% (down from 3.4% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 35%. Revenue is forecast to grow 5.2% p.a. on average during the next 2 years, compared to a 4.1% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Annonce • May 13
Asahi Rubber Inc., Annual General Meeting, Jun 23, 2023 Asahi Rubber Inc., Annual General Meeting, Jun 23, 2023. Valuation Update With 7 Day Price Move • Apr 24
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to JP¥638, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 11x in the Machinery industry in Japan. Total returns to shareholders of 30% over the past three years. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥10.00 per share at 3.8% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 22 June 2023. Payout ratio is a comfortable 44% and the cash payout ratio is 91%. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.4%). Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: JP¥13.00 (vs JP¥14.55 in 3Q 2022) Third quarter 2023 results: EPS: JP¥13.00 (down from JP¥14.55 in 3Q 2022). Revenue: JP¥1.89b (up 15% from 3Q 2022). Net income: JP¥59.0m (down 11% from 3Q 2022). Profit margin: 3.1% (down from 4.0% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Annonce • Dec 23
Asahi Rubber Inc. to Report Q3, 2023 Results on Feb 10, 2023 Asahi Rubber Inc. announced that they will report Q3, 2023 results on Feb 10, 2023 Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 2 highly experienced directors. 2 independent directors (5 non-independent directors). Outside Independent Director Masaharu Baba was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 13
Second quarter 2023 earnings released: EPS: JP¥9.48 (vs JP¥16.31 in 2Q 2022) Second quarter 2023 results: EPS: JP¥9.48 (down from JP¥16.31 in 2Q 2022). Revenue: JP¥1.82b (flat on 2Q 2022). Net income: JP¥43.0m (down 42% from 2Q 2022). Profit margin: 2.4% (down from 4.0% in 2Q 2022). Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Machinery 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 fallen by 8% per year, which means it is significantly lagging earnings. Annonce • Sep 23
Asahi Rubber Inc. to Report Q2, 2023 Results on Nov 11, 2022 Asahi Rubber Inc. announced that they will report Q2, 2023 results on Nov 11, 2022 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 06 December 2022. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 3.7%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.4%). Reported Earnings • Aug 09
First quarter 2023 earnings released: EPS: JP¥15.21 (vs JP¥13.45 in 1Q 2022) First quarter 2023 results: EPS: JP¥15.21 (up from JP¥13.45 in 1Q 2022). Revenue: JP¥1.75b (down 2.4% from 1Q 2022). Net income: JP¥69.0m (up 13% from 1Q 2022). Profit margin: 3.9% (up from 3.4% in 1Q 2022). The increase in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 9.6%, compared to a 9.2% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 24
Full year 2022 earnings: Revenues miss analyst expectations Full year 2022 results: Revenue: JP¥7.02b (up 8.3% from FY 2021). Net income: JP¥238.0m (up 111% from FY 2021). Profit margin: 3.4% (up from 1.7% in FY 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.5%. Over the next year, revenue is forecast to grow 6.8%, compared to a 9.3% growth forecast for the industry in Japan. Annonce • Jun 22
Asahi Rubber Inc. to Report Q1, 2023 Results on Aug 08, 2022 Asahi Rubber Inc. announced that they will report Q1, 2023 results on Aug 08, 2022 Reported Earnings • May 17
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: JP¥52.47 (up from JP¥24.88 in FY 2021). Revenue: JP¥7.02b (up 8.3% from FY 2021). Net income: JP¥238.0m (up 111% from FY 2021). Profit margin: 3.4% (up from 1.7% in FY 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.5%. Earnings per share (EPS) also missed analyst estimates by 10%. Over the next year, revenue is forecast to grow 9.6%, compared to a 7.6% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 4% per year. Annonce • May 14
Asahi Rubber Inc., Annual General Meeting, Jun 21, 2022 Asahi Rubber Inc., Annual General Meeting, Jun 21, 2022. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 2 highly experienced directors. 2 independent directors (5 non-independent directors). Outside Independent Director Masaharu Baba was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Annonce • Apr 08
Asahi Rubber Inc. to Report Fiscal Year 2022 Results on May 12, 2022 Asahi Rubber Inc. announced that they will report fiscal year 2022 results on May 12, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 24 June 2022. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 3.6%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (2.0%). Reported Earnings • Feb 14
Third quarter 2022 earnings: EPS exceeds analyst expectations Third quarter 2022 results: EPS: JP¥14.55 (up from JP¥4.63 in 3Q 2021). Revenue: JP¥1.65b (down 5.7% from 3Q 2021). Net income: JP¥66.0m (up 214% from 3Q 2021). Profit margin: 4.0% (up from 1.2% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 68%. Over the next year, revenue is forecast to grow 7.1%, compared to a 8.0% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 15
Second quarter 2022 earnings released: EPS JP¥16.31 (vs JP¥5.94 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥1.84b (up 29% from 2Q 2021). Net income: JP¥74.0m (up 174% from 2Q 2021). Profit margin: 4.0% (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 54% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 09
First quarter 2022 earnings released: EPS JP¥13.45 (vs JP¥4.40 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥1.80b (up 26% from 1Q 2021). Net income: JP¥61.0m (up JP¥81.0m from 1Q 2021). Profit margin: 3.4% (up from net loss in 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 51 percentage points per year, which is a significant difference in performance. Reported Earnings • Jun 27
Full year 2021 earnings released: EPS JP¥24.88 (vs JP¥27.75 in FY 2020) The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2021 results: Revenue: JP¥6.49b (down 13% from FY 2020). Net income: JP¥113.0m (down 10% from FY 2020). Profit margin: 1.7% (in line with FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 54 percentage points per year, which is a significant difference in performance. Reported Earnings • May 16
Full year 2021 earnings released: EPS JP¥24.88 (vs JP¥27.75 in FY 2020) The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2021 results: Revenue: JP¥6.49b (down 13% from FY 2020). Net income: JP¥113.0m (down 10% from FY 2020). Profit margin: 1.7% (in line with FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 50 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 26 June 2021. Trailing yield: 1.5%. Lower than top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.1%). Reported Earnings • Mar 16
Third quarter 2021 earnings released: JP¥5.73 loss per share (vs JP¥17.39 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: JP¥1.75b (down 7.4% from 3Q 2020). Net loss: JP¥26.0m (down 133% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 61% 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. Annonce • Jan 07
Asahi Rubber Inc. to Report Q3, 2021 Results on Feb 10, 2021 Asahi Rubber Inc. announced that they will report Q3, 2021 results on Feb 10, 2021 Is New 90 Day High Low • Dec 23
New 90-day low: JP¥611 The company is down 3.0% from its price of JP¥628 on 24 September 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 13% over the same period. Valuation Update With 7 Day Price Move • Dec 21
Investor sentiment deteriorated over the past week After last week's 15% share price decline to JP¥625, the stock is trading at a trailing P/E ratio of 29.6x, down from the previous P/E ratio of 34.8x. This compares to an average P/E of 16x in the Machinery industry in Japan. Total return to shareholders over the past three years is a loss of 44%. Is New 90 Day High Low • Nov 19
New 90-day high: JP¥778 The company is up 26% from its price of JP¥617 on 21 August 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 14% over the same period. Reported Earnings • Nov 15
Second quarter 2021 earnings released: EPS JP¥16.28 The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: JP¥1.42b (down 26% from 2Q 2020). Net income: JP¥74.0m (up 124% from 2Q 2020). Profit margin: 5.2% (up from 1.7% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Oct 27
New 90-day high: JP¥735 The company is up 23% from its price of JP¥598 on 29 July 2020. The Japanese market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 7.0% over the same period. Annonce • Sep 03
Asahi Rubber Inc. to Report Q2, 2021 Results on Nov 12, 2020 Asahi Rubber Inc. announced that they will report Q2, 2021 results on Nov 12, 2020 Annonce • Jun 29
Asahi Rubber Inc. to Report Q1, 2021 Results on Aug 06, 2020 Asahi Rubber Inc. announced that they will report Q1, 2021 results on Aug 06, 2020 
