Buy Or Sell Opportunity • Jul 08
Now 22% undervalued Over the last 90 days, the stock has risen 9.1% to JP¥10,150. The fair value is estimated to be JP¥12,954, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 42%. Buy Or Sell Opportunity • Jun 23
Now 22% undervalued Over the last 90 days, the stock has risen 12% to JP¥10,140. The fair value is estimated to be JP¥12,946, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 42%. Valuation Update With 7 Day Price Move • Jun 18
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥10,330, the stock trades at a trailing P/E ratio of 12.8x. Average trailing P/E is 16x in the Luxury industry in Japan. Total returns to shareholders of 408% over the past three years. Annonce • Jun 04
Kurabo Industries Ltd. to Report Q1, 2027 Results on Aug 07, 2026 Kurabo Industries Ltd. announced that they will report Q1, 2027 results on Aug 07, 2026 Buy Or Sell Opportunity • May 26
Now 20% undervalued Over the last 90 days, the stock has risen 9.0% to JP¥10,930. The fair value is estimated to be JP¥13,742, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 42%. Actualités en direct • May 16
Kurabo Industries Unveils Board Overhaul With Dividend Rise and Five-for-One Stock Split Kurabo Industries reported a 42.8% rise in profit attributable to owners of parent for fiscal 2026, driven by extraordinary gains, even as net sales and operating profit declined, and paired this with a dividend increase and plans for a 5-for-1 stock split effective October 1, 2026.
The company plans to expand its authorized share count from about 97.7 million to 340 million shares, aiming to improve liquidity without changing its capital structure.
Kurabo is overhauling its board and executive team, adding a new director to lead the Chemical Products Division and appointing an outside legal expert as director, while several senior directors retire, and is also opposing shareholder proposals to abolish its takeover defense policy at the June 2026 meeting.
These developments point to a company actively reshaping its governance and capital structure while using a period of strong headline profit, supported by extraordinary gains, to adjust dividends and stock liquidity.
Investors may want to look closely at the sustainability of earnings once extraordinary items fade, how the expanded share base and stock split affect trading and ownership, and what the continued use of takeover defenses means for future corporate actions. Reported Earnings • May 16
Full year 2026 earnings released: EPS: JP¥782 (vs JP¥516 in FY 2025) Full year 2026 results: EPS: JP¥782 (up from JP¥516 in FY 2025). Revenue: JP¥143.8b (down 4.6% from FY 2025). Net income: JP¥12.9b (up 43% from FY 2025). Profit margin: 9.0% (up from 6.0% in FY 2025). Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has increased by 71% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • May 15
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥11,200, the stock trades at a trailing P/E ratio of 14.3x. Average trailing P/E is 17x in the Luxury industry in Japan. Total returns to shareholders of 433% over the past three years. Annonce • May 14
Kurabo Industries Ltd., Annual General Meeting, Jun 26, 2026 Kurabo Industries Ltd., Annual General Meeting, Jun 26, 2026. Annonce • May 09
Kurabo Industries Ltd. to Report Fiscal Year 2026 Results on May 14, 2026 Kurabo Industries Ltd. announced that they will report fiscal year 2026 results on May 14, 2026 Buy Or Sell Opportunity • Apr 23
Now 20% undervalued The stock has been flat over the last 90 days, currently trading at JP¥9,130. The fair value is estimated to be JP¥11,435, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 38%. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥141 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 26 June 2026. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%). Buy Or Sell Opportunity • Mar 04
Now 22% undervalued Over the last 90 days, the stock has risen 16% to JP¥8,950. The fair value is estimated to be JP¥11,463, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 38%. Reported Earnings • Feb 10
Third quarter 2026 earnings released: EPS: JP¥217 (vs JP¥173 in 3Q 2025) Third quarter 2026 results: EPS: JP¥217 (up from JP¥173 in 3Q 2025). Revenue: JP¥36.0b (down 10.0% from 3Q 2025). Net income: JP¥3.55b (up 18% from 3Q 2025). Profit margin: 9.9% (up from 7.5% in 3Q 2025). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has increased by 62% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Feb 09
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 5.8% 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 Share price has been volatile over the past 3 months (5.8% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥10,570, the stock trades at a trailing P/E ratio of 14.2x. Average trailing P/E is 15x in the Luxury industry in Japan. Total returns to shareholders of 392% over the past three years. Declared Dividend • Dec 06
First half dividend of JP¥141 announced Shareholders will receive a dividend of JP¥141. Ex-date: 30th March 2026 Payment date: 26th June 2026 Dividend yield will be 3.7%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is covered by both earnings (17% earnings payout ratio) and cash flows (60% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 50% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Annonce • Dec 02
Kurabo Industries Ltd. to Report Q3, 2026 Results on Feb 09, 2026 Kurabo Industries Ltd. announced that they will report Q3, 2026 results on Feb 09, 2026 Reported Earnings • Nov 13
Second quarter 2026 earnings released: EPS: JP¥74.84 (vs JP¥84.29 in 2Q 2025) Second quarter 2026 results: EPS: JP¥74.84 (down from JP¥84.29 in 2Q 2025). Revenue: JP¥33.5b (down 6.9% from 2Q 2025). Net income: JP¥1.24b (down 16% from 2Q 2025). Profit margin: 3.7% (down from 4.1% in 2Q 2025). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 50% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Nov 11
Kurabo Industries Ltd. (TSE:3106) announces an Equity Buyback for 1,000,000 shares, representing 5.98% for ¥7,000 million. Kurabo Industries Ltd. (TSE:3106) announces a share repurchase program. Under the program, the company will repurchase up to 1,000,000 shares, representing 5.98% of its issued share capital, for ¥ 7,000 million. The purpose of the program is to enhance shareholder returns and improve capital efficiency. The repurchased shares will be cancelled. The program is valid till September 30, 2026. As of September 30, 2025, the company had 16,713,468 outstanding shares (excluding treasury stock) and 1,286,532 treasury shares. Annonce • Oct 02
Kurabo Industries Ltd. to Report Q2, 2026 Results on Nov 11, 2025 Kurabo Industries Ltd. announced that they will report Q2, 2026 results on Nov 11, 2025 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥141 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 05 December 2025. Payout ratio is a comfortable 25% and the cash payout ratio is 86%. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%). Reported Earnings • Aug 08
First quarter 2026 earnings released: EPS: JP¥308 (vs JP¥109 in 1Q 2025) First quarter 2026 results: EPS: JP¥308 (up from JP¥109 in 1Q 2025). Revenue: JP¥35.7b (flat on 1Q 2025). Net income: JP¥5.18b (up 167% from 1Q 2025). Profit margin: 14% (up from 5.4% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 60% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Jul 09
Final dividend increased to JP¥141 Dividend of JP¥141 is 135% higher than last year. Ex-date: 29th September 2025 Payment date: 5th December 2025 Dividend yield will be 3.6%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is covered by both earnings (25% earnings payout ratio) and cash flows (87% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 25% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Jun 29
Full year 2025 earnings released: EPS: JP¥516 (vs JP¥362 in FY 2024) Full year 2025 results: EPS: JP¥516 (up from JP¥362 in FY 2024). Revenue: JP¥150.7b (flat on FY 2024). Net income: JP¥9.01b (up 34% from FY 2024). Profit margin: 6.0% (up from 4.5% in FY 2024). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 57% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Jun 05
Sompo Japan Insurance Inc Announces Filing of Lawsuit for Damages Against the Kurabo Industries Ltd Kurabo Industries Ltd. announced that a lawsuit has been filed against it, the details of which are set out below. The complaint pertaining to this lawsuit was received by the Company on June 3, 2025. With regard to the fire accident that occurred at a logistics facility at which the Company's Chemical Products Division had conducted heat-insulating work (hereinafter the "Fire"), which was announced in "Notice Concerning Possibility of Occurrence of Damages at the Company," dated July 27, 2022, a lawsuit has been filed by Sompo Japan Insurance Inc. against three companies, including the Company, related to the Fire (hereinafter the "Lawsuit") seeking damages under insurance subrogation. In "Notification on Filing of Lawsuit for Damages Against the Company, etc.," dated October 11, 2023, announced that there was a possibility that the insurance company could file a claim for recovery against the Company with regard to the receipt by SBS Flec Co. Ltd., the owner of the logistics facility in question, of an insurance payment pertaining to the Fire. And, the Lawsuit was filed on the grounds that Sompo Japan Insurance Inc. had acquired by subrogation a part of SBS Flec Co. Ltd.'s right to seek damages with respect to the Fire following the receipt of an insurance payment with regard to buildings and other fixed assets that were burnt and damaged by the Fire under the co-insurance contract concluded between SBS Flec Co. Ltd. and Sompo Japan Insurance Inc. and the other. Court at Which the Lawsuit was Filed and Dates of the Lawsuit: (1) Court at which the Lawsuit was filed: Tokyo District Court, (2) Date on which the Lawsuit was filed: March 31, 2025, (3) Date on which the Company received Service of Complaint: June 3, 2025. Overview of Party Who Filed the Lawsuit (1) Company name: Sompo Japan Insurance Inc. (2) Address: 26-1, Nishi-Shinjuku 1-chome, Shinjuku-ku, Tokyo, (3) Name and title of company representative: Koji Ishikawa, Representative Director. Details of the Lawsuit and Amount of Damages Sought (1) Details of lawsuit: Seeking of damages under insurance subrogation (2) Amount of damages sought (excluding delinquency charges) ¥3,660,498,560. Annonce • May 31
Kurabo Industries Ltd. to Report Q1, 2026 Results on Aug 07, 2025 Kurabo Industries Ltd. announced that they will report Q1, 2026 results on Aug 07, 2025 Annonce • May 14
Kurabo Industries Ltd., Annual General Meeting, Jun 25, 2025 Kurabo Industries Ltd., Annual General Meeting, Jun 25, 2025. Buy Or Sell Opportunity • May 14
Now 26% undervalued Over the last 90 days, the stock has risen 8.3% to JP¥5,990. The fair value is estimated to be JP¥8,062, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.5% over the last 3 years. Earnings per share has grown by 17%. 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¥4,985, the stock trades at a trailing P/E ratio of 10x. Average trailing P/E is 12x in the Luxury industry in Japan. Total returns to shareholders of 221% over the past three years. 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: 26 June 2025. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.8%). Annonce • Mar 04
Kurabo Industries Ltd. to Report Fiscal Year 2025 Results on May 14, 2025 Kurabo Industries Ltd. announced that they will report fiscal year 2025 results on May 14, 2025 Annonce • Feb 17
Kurabo Industries Ltd. Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2025 Kurabo Industries Ltd. provided consolidated earnings guidance for the fiscal year ending March 31, 2025. For the year, the company expects net sales of JPY 154,000 million, operating profit of JPY 9,600 million, profit attributable to owners of parent of JPY 7,500 million and basic earnings per share JPY 428.69. New Risk • Feb 16
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.2% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Reported Earnings • Feb 12
Third quarter 2025 earnings released: EPS: JP¥173 (vs JP¥117 in 3Q 2024) Third quarter 2025 results: EPS: JP¥173 (up from JP¥117 in 3Q 2024). Revenue: JP¥40.0b (flat on 3Q 2024). Net income: JP¥3.00b (up 38% from 3Q 2024). Profit margin: 7.5% (up from 5.4% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Dec 06
First half dividend of JP¥90.00 announced Shareholders will receive a dividend of JP¥90.00. Ex-date: 28th March 2025 Payment date: 26th June 2025 Dividend yield will be 2.7%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is well covered by both earnings (14% earnings payout ratio) and cash flows (44% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 15% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Annonce • Nov 15
Kurabo Industries Ltd. Announces Dividend for the Second Quarter of Fiscal Year Ending March 31, 2025, Payable on December 05, 2024 and Provides Dividend Guidance for the Fiscal Year Ending March 31, 2025 Kurabo Industries Ltd. Announced the dividend of JPY 60.00 per share for the second quarter of fiscal year ending March 31, 2025, payable on December 05, 2024 against JPY 40.00 per share a year ago.
Provided dividend guidance for the Fiscal Year Ending March 31, 2025. For the year, the company expects dividend of JPY 90.00 per share against JPY 60.00 per share a year ago. Reported Earnings • Nov 09
Second quarter 2025 earnings released: EPS: JP¥84.29 (vs JP¥83.18 in 2Q 2024) Second quarter 2025 results: EPS: JP¥84.29. Revenue: JP¥36.0b (down 8.5% from 2Q 2024). Net income: JP¥1.49b (down 5.0% from 2Q 2024). Profit margin: 4.1% (up from 4.0% in 2Q 2024). The increase in margin was driven by lower expenses. Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥5,400, the stock trades at a trailing P/E ratio of 12.3x. Average trailing P/E is 14x in the Luxury industry in Japan. Total returns to shareholders of 212% over the past three years. New Risk • Nov 07
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 6.3% 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. This is currently the only risk that has been identified for the company. Annonce • Nov 07
Kurabo Industries Ltd. (TSE:3106) announces an Equity Buyback for 1,300,000 shares, representing 7.34% for ¥6,000 million. Kurabo Industries Ltd. (TSE:3106) announces a share repurchase program. Under the program, the company will repurchase up to 1,300,000 shares, representing 7.34% of its issued share capital, for ¥ 6,000 million. The purpose of the program is to enhance shareholder returns and improve capital efficiency. The repurchased shares will be cancelled. The program is valid till October 31, 2025. As of September 30, 2024, the company had 17,706,984 outstanding shares (excluding treasury stock) and 1,293,016 treasury shares. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥60.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.7%). Annonce • Aug 27
Kurabo Industries Ltd. to Report Q3, 2025 Results on Feb 10, 2025 Kurabo Industries Ltd. announced that they will report Q3, 2025 results on Feb 10, 2025 Annonce • Aug 15
Kurabo Industries Ltd. Revises Consolidated Earnings Guidance for the Six Month Ending September 30, 2024 and Full Year Ending March 31, 2025 Kurabo Industries Ltd. revised consolidated earnings guidance for the six month ending September 30, 2024 and full year ending March 31, 2025. For the six month, the company expects Net sales of JPY 70,000 million, Operating profit of JPY 3,300 million, Profit attributable to owners of parent of JPY 7,500 million, Basic earnings per share JPY 151.78.
For the full year, the company expects Net sales of JPY 154,000 million, Operating profit of JPY 9,600 million, Profit attributable to owners of parent of JPY 7,500 million, Basic earnings per share JPY 422.22. 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¥3,640, the stock trades at a trailing P/E ratio of 9.6x. Average trailing P/E is 16x in the Luxury industry in Japan. Total returns to shareholders of 102% over the past three years. Declared Dividend • Jul 11
Final dividend of JP¥60.00 announced Shareholders will receive a dividend of JP¥60.00. Ex-date: 27th September 2024 Payment date: 2nd December 2024 Dividend yield will be 2.5%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is well covered by both earnings (45% earnings payout ratio) and cash flows (26% cash payout ratio). The dividend has increased by an average of 9.1% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 12% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Annonce • Jul 10
Kurabo Industries Ltd. to Report Q2, 2025 Results on Nov 07, 2024 Kurabo Industries Ltd. announced that they will report Q2, 2025 results on Nov 07, 2024 Annonce • Jun 06
Kurabo Industries Ltd. to Report Q1, 2025 Results on Aug 07, 2024 Kurabo Industries Ltd. announced that they will report Q1, 2025 results on Aug 07, 2024 Reported Earnings • May 16
Full year 2024 earnings released: EPS: JP¥362 (vs JP¥287 in FY 2023) Full year 2024 results: EPS: JP¥362 (up from JP¥287 in FY 2023). Revenue: JP¥151.3b (down 1.4% from FY 2023). Net income: JP¥6.74b (up 22% from FY 2023). Profit margin: 4.5% (up from 3.6% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Annonce • May 15
Kurabo Industries Ltd., Annual General Meeting, Jun 25, 2024 Kurabo Industries Ltd., Annual General Meeting, Jun 25, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.7%). Annonce • Mar 02
Kurabo Industries Ltd. to Report Fiscal Year 2024 Results on May 13, 2024 Kurabo Industries Ltd. announced that they will report fiscal year 2024 results on May 13, 2024 Annonce • Feb 15
Kurabo Industries Ltd. Provides Consolidated Earnings Guidance for the Full Year Ending March 31, 2024 Kurabo Industries Ltd. provided consolidated earnings guidance for the full year ending March 31, 2024. For the year, the company expects Net sales of JPY 154,000 million, Operating profit of JPY 7,900 million, Profit attributable to owners of parent of JPY 5,800 million, Basic earnings per share JPY 311.11. Reported Earnings • Feb 10
Third quarter 2024 earnings released: EPS: JP¥117 (vs JP¥123 in 3Q 2023) Third quarter 2024 results: EPS: JP¥117 (down from JP¥123 in 3Q 2023). Revenue: JP¥40.3b (down 3.6% from 3Q 2023). Net income: JP¥2.18b (down 7.0% from 3Q 2023). Profit margin: 5.4% (down from 5.6% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Annonce • Dec 20
Kurabo Industries Ltd. (TSE:3106) announces an Equity Buyback for 1,700,000 shares, representing 8.99% for ¥4,000 million. Kurabo Industries Ltd. (TSE:3106) announces a share repurchase program. Under the program, the company will repurchase up to 1,700,000 shares, representing 8.99% of its issued share capital (excluding treasury stock), for a total purchase price of ¥4,000 million. The purpose of the program is to enhance shareholder returns and improve capital efficiency. The repurchased shares will be cancelled. The program will be valid till December 19, 2024. As of September 30, 2023, the company had 18,916,296 shares outstanding (excluding treasury shares) and 1,083,704 shares in its treasury. Annonce • Dec 01
Kurabo Industries Ltd. to Report Q3, 2024 Results on Feb 08, 2024 Kurabo Industries Ltd. announced that they will report Q3, 2024 results on Feb 08, 2024 Annonce • Nov 17
Kurabo Industries Ltd. Announces Dividend for the Second Quarter Ended September 30, 2023, Payable on December 1, 2023; Provides Dividend Guidance for the Fiscal Year-End March 31, 2024 Kurabo Industries Ltd. announced dividend for the second quarter ended September 30, 2023, and provided dividend guidance for the Fiscal year-end March 31, 2024. For the second quarter, the company announced a dividend of JPY 40.00 per share against JPY 35.00 per share paid a year ago. Scheduled date to commence dividend payments: December 1, 2023.For the Fiscal year-end March 31, 2024, the company expects to pay dividend of JPY 40.00 per share against JPY 35.00 per share paid a year ago. New Risk • Nov 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: 3.1% Last year net profit margin: 4.5% 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 Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.1% net profit margin). Reported Earnings • Nov 10
Second quarter 2024 earnings released: EPS: JP¥83.17 (vs JP¥85.05 in 2Q 2023) Second quarter 2024 results: EPS: JP¥83.17 (down from JP¥85.05 in 2Q 2023). Revenue: JP¥39.3b (up 3.4% from 2Q 2023). Net income: JP¥1.57b (down 4.9% from 2Q 2023). Profit margin: 4.0% (down from 4.3% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥35.00 per share at 2.8% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 01 December 2023. Payout ratio is a comfortable 27% but the company is not cash flow positive. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.8%). Annonce • Sep 07
DMG Mori Co., Ltd. (TSE:6141) entered into a contract to acquire KURAKI Co., Ltd. from Kurabo Industries Ltd. (TSE:3106) for ¥4.5 billion. DMG Mori Co., Ltd. (TSE:6141) entered into a contract to acquire KURAKI Co., Ltd. from Kurabo Industries Ltd. (TSE:3106) for ¥4.5 billion on September 6, 2023. As per the transaction, DMG Mori Co., Ltd. will acquire 15.9 million shares of KURAKI Co., Ltd. As of March 20, 2023, KURAKI Co., Ltd. generated net assets of ¥4.9 billion. The transaction is expected to close on October 31, 2023. Annonce • Aug 30
Kurabo Industries Ltd. to Report Q2, 2024 Results on Nov 09, 2023 Kurabo Industries Ltd. announced that they will report Q2, 2024 results on Nov 09, 2023 Annonce • Aug 18
Kurabo Industries Ltd. Provides Dividend Guidance for the Second Quarter and Fiscal Year-End March 31, 2024 Kurabo Industries Ltd. provided dividend guidance for the second quarter and Fiscal year-end March 31, 2024. For the quarter, the company expects to pay dividend of JPY 35.00 per share against JPY 35.00 per share paid a year ago.For the year-end, the company expects to pay dividend of JPY 35.00 per share against JPY 35.00 per share paid a year ago. Reported Earnings • Aug 10
First quarter 2024 earnings released: EPS: JP¥50.87 (vs JP¥82.16 in 1Q 2023) First quarter 2024 results: EPS: JP¥50.87 (down from JP¥82.16 in 1Q 2023). Revenue: JP¥33.3b (down 2.0% from 1Q 2023). Net income: JP¥957.0m (down 41% from 1Q 2023). Profit margin: 2.9% (down from 4.8% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Annonce • May 28
Kurabo Industries Ltd. to Report Q1, 2024 Results on Aug 09, 2023 Kurabo Industries Ltd. announced that they will report Q1, 2024 results on Aug 09, 2023 Reported Earnings • May 15
Full year 2023 earnings released: EPS: JP¥287 (vs JP¥280 in FY 2022) Full year 2023 results: EPS: JP¥287. Revenue: JP¥153.5b (up 16% from FY 2022). Net income: JP¥5.52b (down 1.5% from FY 2022). Profit margin: 3.6% (down from 4.2% in FY 2022). Annonce • May 13
Kurabo Industries Ltd., Annual General Meeting, Jun 29, 2023 Kurabo Industries Ltd., Annual General Meeting, Jun 29, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥35.00 per share at 2.9% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 20% but the company is not cash flow positive. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.9%). Annonce • Feb 16
Kurabo Industries Ltd. Provides Consolidated Earnings Guidance for the Year Ending March 31, 2023 Kurabo Industries Ltd. provided consolidated earnings guidance for the year ending March 31, 2023. For the year, the company expects net sales to be JPY 153,000 million. Operating profit to be JPY 7,400 million. Ordinary profit to be JPY 8,700 million. Profit attributable to owners of parent to be JPY 6,000 million. Basic earnings per share to be JPY 312.22. Annonce • Feb 15
Kurabo Industries Ltd. Provides Dividend Guidance for the Fiscal Year Ending March 31, 2023 Kurabo Industries Ltd. provided dividend guidance for the fiscal year ending March 31, 2023. For the year-end, the company expects to pay dividend of JPY 35.00 per share against JPY 70.00 per share paid a year ago. Reported Earnings • Feb 10
Third quarter 2023 earnings released: EPS: JP¥123 (vs JP¥93.98 in 3Q 2022) Third quarter 2023 results: EPS: JP¥123 (up from JP¥93.98 in 3Q 2022). Revenue: JP¥41.8b (up 18% from 3Q 2022). Net income: JP¥2.34b (up 26% from 3Q 2022). Profit margin: 5.6% (up from 5.2% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Annonce • Nov 27
Kurabo Industries Ltd. to Report Q3, 2023 Results on Feb 08, 2023 Kurabo Industries Ltd. announced that they will report Q3, 2023 results on Feb 08, 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. 7 experienced directors. 5 highly experienced directors. 4 independent directors (8 non-independent directors). Independent Outside Director Motohide Nishimura was the last independent director to join the board, commencing their role in 2019. 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 12
Second quarter 2023 earnings released: EPS: JP¥85.05 (vs JP¥61.21 in 2Q 2022) Second quarter 2023 results: EPS: JP¥85.05 (up from JP¥61.21 in 2Q 2022). Revenue: JP¥38.0b (up 19% from 2Q 2022). Net income: JP¥1.65b (up 35% from 2Q 2022). Profit margin: 4.3% (up from 3.8% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Annonce • Aug 28
Kurabo Industries Ltd. to Report Q2, 2023 Results on Nov 10, 2022 Kurabo Industries Ltd. announced that they will report Q2, 2023 results on Nov 10, 2022 Reported Earnings • Aug 11
First quarter 2023 earnings released: EPS: JP¥82.16 (vs JP¥56.98 in 1Q 2022) First quarter 2023 results: EPS: JP¥82.16 (up from JP¥56.98 in 1Q 2022). Revenue: JP¥34.0b (up 21% from 1Q 2022). Net income: JP¥1.62b (up 40% from 1Q 2022). Profit margin: 4.8% (up from 4.1% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Annonce • Aug 10
Kurabo Industries Ltd. Provides Dividend Guidance for the Second Quarter of the Fiscal Year Ending March 31, 2023 Kurabo Industries Ltd. provided dividend guidance for the second quarter of the fiscal year ending March 31, 2023. The company expects to pay a dividend of JPY 35.00. 
