Reported Earnings • May 20
Full year 2026 earnings released: EPS: JP¥303 (vs JP¥157 in FY 2025) Full year 2026 results: EPS: JP¥303 (up from JP¥157 in FY 2025). Revenue: JP¥44.2b (flat on FY 2025). Net income: JP¥2.49b (up 90% from FY 2025). Profit margin: 5.6% (up from 3.0% in FY 2025). 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 21% per year, which means it is significantly lagging earnings growth. New Risk • May 15
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 8.5% 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: Major Risk Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (8.5% average weekly change). Market cap is less than US$100m (JP¥10.6b market cap, or US$67.2m). Valuation Update With 7 Day Price Move • May 15
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥1,194, the stock trades at a trailing P/E ratio of 4.5x. Average trailing P/E is 17x in the Luxury industry in Japan. Total returns to shareholders of 74% over the past three years. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥35.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 29 June 2026. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%). Reported Earnings • Feb 11
Third quarter 2026 earnings released: EPS: JP¥136 (vs JP¥69.57 in 3Q 2025) Third quarter 2026 results: EPS: JP¥136 (up from JP¥69.57 in 3Q 2025). Revenue: JP¥11.1b (flat on 3Q 2025). Net income: JP¥1.11b (up 91% from 3Q 2025). Profit margin: 10.0% (up from 5.2% in 3Q 2025). Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Annonce • Jan 06
Dynic Corporation to Report Q3, 2026 Results on Feb 10, 2026 Dynic Corporation announced that they will report Q3, 2026 results on Feb 10, 2026 Reported Earnings • Nov 16
Second quarter 2026 earnings released: EPS: JP¥72.62 (vs JP¥29.17 in 2Q 2025) Second quarter 2026 results: EPS: JP¥72.62 (up from JP¥29.17 in 2Q 2025). Revenue: JP¥10.9b (flat on 2Q 2025). Net income: JP¥597.0m (up 145% from 2Q 2025). Profit margin: 5.5% (up from 2.2% in 2Q 2025). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Annonce • Sep 12
Dynic Corporation to Report Q2, 2026 Results on Nov 13, 2025 Dynic Corporation announced that they will report Q2, 2026 results on Nov 13, 2025 Reported Earnings • Aug 16
First quarter 2026 earnings released: EPS: JP¥62.90 (vs JP¥64.67 in 1Q 2025) First quarter 2026 results: EPS: JP¥62.90 (down from JP¥64.67 in 1Q 2025). Revenue: JP¥11.1b (up 2.8% from 1Q 2025). Net income: JP¥525.0m (down 3.0% from 1Q 2025). Profit margin: 4.7% (down from 5.0% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Annonce • Aug 13
Kunshan Datongxing New Energy Co., Ltd. agreed to acquire Kunshan Staflex Textile Co. Ltd from Dynic Corporation (TSE:3551) for CNY 71 million. Kunshan Datongxing New Energy Co., Ltd. agreed to acquire Kunshan Staflex Textile Co. Ltd from Dynic Corporation (TSE:3551) for CNY 71 million on August 12, 2025. A cash consideration of CNY 71 million will be paid by Kunshan Datongxing New Energy Co., Ltd. The contract for the transaction will be executed after August 12, 2025.
For the period ending December 31, 2024, Kunshan Staflex Textile Co. Ltd reported total revenue of CNY 0.51 million, operating loss of CNY 2.82 million and net loss of CNY 3.16 million. As of December 31, 2024, Kunshan Staflex Textile Co. Ltd reported total assets of CNY 42.82 million and total common equity of CNY 41.5 million.
The expected completion of the transaction is around November 2025. Annonce • Jul 15
Bain Capital Private Equity, LP completed the acquisition of 74.98% stake in Nissin Corporation (TSE:9066) from a group of shareholders for ¥89.5 billion. Bain Capital Private Equity, LP proposed to acquire 93.96% stake in Nissin Corporation (TSE:9066) from a group of shareholders for approximately ¥110 billion on May 12, 2025. A cash consideration of ¥112.19 billion valued at ¥8100 per share will be paid by Bain Capital Private Equity, LP. As part of consideration, ¥112.19 billion is paid towards common equity of Nissin Corporation. The deal is to be financed through equity invesmtent of ¥18.7 million and senior debt of ¥94.3 million.
The transaction is subject to minimum tender. The expected completion of the transaction is July 8, 2025. As of May 26, 2025, the Offeror received from the German Federal Cartel Office, a notice to the effect that the acquisition of the Target Shares does not meet the criteria for prohibition and is permitted, meaning that the acquisition of the Target Shares was approved as of the same date. On June 11, 2025, the Austrian Federal Competition Authority has approved the transaction. As of June 30, 2025, the offeror has decided to extend the Tender Offer Period to July 14, 2025, which is 10 business days after June 30, 2025.
Daiwa Securities Co., Ltd. acted as tender offer agent for Bain Capital Private Equity, LP.
Bain Capital Private Equity, LP completed the acquisition of 74.98% stake in Nissin Corporation (TSE:9066) from a group of shareholders for ¥89.5 billion on July 14, 2025. Annonce • Jun 12
Dynic Corporation to Report Q1, 2026 Results on Aug 12, 2025 Dynic Corporation announced that they will report Q1, 2026 results on Aug 12, 2025 New Risk • May 20
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 207% Dividend yield: 3.7% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (6.3% operating cash flow to total debt). Minor Risks Dividend is not well covered by cash flows (207% cash payout ratio). Market cap is less than US$100m (JP¥6.86b market cap, or US$47.4m). Reported Earnings • May 20
Full year 2025 earnings released: EPS: JP¥157 (vs JP¥101 in FY 2024) Full year 2025 results: EPS: JP¥157 (up from JP¥101 in FY 2024). Revenue: JP¥44.1b (up 4.7% from FY 2024). Net income: JP¥1.32b (up 55% from FY 2024). Profit margin: 3.0% (up from 2.0% in FY 2024). The increase in margin was driven by higher revenue. 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 5% per year, which means it is significantly lagging earnings growth. Annonce • May 16
Dynic Corporation (TSE:3551) announces an Equity Buyback for 250,000 shares, representing 2.99% for ¥150 million. Dynic Corporation (TSE:3551) announces a share repurchase program. Under the program, the company will repurchase will repurchase up to 250,000 shares, representing 2.99% of its issued share capital for a total of ¥150 million. The purpose of the program is to improve capital efficiency and enable the implementation of flexible capital policies in response to changes in the business environment, as well as to increase shareholder value per share and enhance profit returns to shareholders. The program will expire on January 31, 2026. As of March 31, 2025, the company 8,365,614 shares outstanding and 139,133 shares in treasury. Annonce • May 15
Dynic Corporation, Annual General Meeting, Jun 26, 2025 Dynic Corporation, Annual General Meeting, Jun 26, 2025. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 27 June 2025. Payout ratio is a comfortable 15% 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 (1.8%). Annonce • Mar 06
Dynic Corporation to Report Fiscal Year 2025 Results on May 15, 2025 Dynic Corporation announced that they will report fiscal year 2025 results on May 15, 2025 Annonce • Feb 25
TPCS Public Company Limited (SET:TPCS) agreed to acquire an additional 49% stake in Tpcnic Co Ltd from Dynic Corporation (TSE:3551) for THB 14.1 million. TPCS Public Company Limited (SET:TPCS) agreed to acquire an additional 49% stake in Tpcnic Co Ltd from Dynic Corporation (TSE:3551) for THB 14.1 million on February 24, 2025. A cash consideration of THB 14.07 million valued at THB 57.448568 per share will be paid by TPCS Public Company Limited. As part of consideration, THB 14.07 million is paid towards common equity of Tpcnic Co Ltd. Upon completion, TPCS Public Company Limited will own 99.99% stake in Tpcnic Co Ltd. The transaction is subject to approval of offer by acquirer board. The deal has been approved by the board. The transaction is expected to close in March, 2025. Reported Earnings • Feb 14
Third quarter 2025 earnings released: EPS: JP¥69.57 (vs JP¥36.34 in 3Q 2024) Third quarter 2025 results: EPS: JP¥69.57 (up from JP¥36.34 in 3Q 2024). Revenue: JP¥11.2b (up 2.4% from 3Q 2024). Net income: JP¥582.0m (up 91% from 3Q 2024). Profit margin: 5.2% (up from 2.8% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 1% per year. New Risk • Jan 12
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Market cap is less than US$100m (JP¥6.31b market cap, or US$40.0m). Annonce • Dec 10
Dynic Corporation to Report Q3, 2025 Results on Feb 12, 2025 Dynic Corporation announced that they will report Q3, 2025 results on Feb 12, 2025 Annonce • Aug 29
Dynic Corporation to Report Q2, 2025 Results on Nov 13, 2024 Dynic Corporation announced that they will report Q2, 2025 results on Nov 13, 2024 Reported Earnings • Aug 14
First quarter 2025 earnings released: EPS: JP¥64.67 (vs JP¥39.69 in 1Q 2024) First quarter 2025 results: EPS: JP¥64.67 (up from JP¥39.69 in 1Q 2024). Revenue: JP¥10.8b (up 4.8% from 1Q 2024). Net income: JP¥541.0m (up 63% from 1Q 2024). Profit margin: 5.0% (up from 3.2% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥656, the stock trades at a trailing P/E ratio of 6.5x. Average trailing P/E is 16x in the Luxury industry in Japan. Negligible returns to shareholders over past three years. Reported Earnings • May 21
Full year 2024 earnings released: EPS: JP¥101 (vs JP¥61.85 in FY 2023) Full year 2024 results: EPS: JP¥101 (up from JP¥61.85 in FY 2023). Revenue: JP¥42.1b (up 1.3% from FY 2023). Net income: JP¥847.0m (up 63% from FY 2023). Profit margin: 2.0% (up from 1.2% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Annonce • May 17
Dynic Corporation, Annual General Meeting, Jun 26, 2024 Dynic Corporation, Annual General Meeting, Jun 26, 2024. Annonce • Mar 28
Dynic Corporation to Report Fiscal Year 2024 Results on May 15, 2024 Dynic Corporation announced that they will report fiscal year 2024 results on May 15, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 28 June 2024. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.7%). Reported Earnings • Feb 15
Third quarter 2024 earnings released: EPS: JP¥36.34 (vs JP¥14.58 in 3Q 2023) Third quarter 2024 results: EPS: JP¥36.34 (up from JP¥14.58 in 3Q 2023). Revenue: JP¥11.0b (up 3.6% from 3Q 2023). Net income: JP¥304.0m (up 149% from 3Q 2023). Profit margin: 2.8% (up from 1.2% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Annonce • Dec 08
Dynic Corporation to Report Q3, 2024 Results on Feb 13, 2024 Dynic Corporation announced that they will report Q3, 2024 results on Feb 13, 2024 Reported Earnings • Nov 16
Second quarter 2024 earnings released: EPS: JP¥17.93 (vs JP¥16.84 in 2Q 2023) Second quarter 2024 results: EPS: JP¥17.93 (up from JP¥16.84 in 2Q 2023). Revenue: JP¥10.2b (down 3.9% from 2Q 2023). Net income: JP¥150.0m (up 6.4% from 2Q 2023). Profit margin: 1.5% (up from 1.3% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 16% 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 • Sep 13
Dynic Corporation to Report Q2, 2024 Results on Nov 13, 2023 Dynic Corporation announced that they will report Q2, 2024 results on Nov 13, 2023 Reported Earnings • Aug 11
First quarter 2024 earnings released: EPS: JP¥39.69 (vs JP¥38.30 in 1Q 2023) First quarter 2024 results: EPS: JP¥39.69 (up from JP¥38.30 in 1Q 2023). Revenue: JP¥10.3b (flat on 1Q 2023). Net income: JP¥332.0m (up 2.5% from 1Q 2023). Profit margin: 3.2% (in line with 1Q 2023). 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 2% per year, which means it is well ahead of earnings. Annonce • Jun 21
Dynic Corporation to Report Q1, 2024 Results on Aug 09, 2023 Dynic Corporation announced that they will report Q1, 2024 results on Aug 09, 2023 Reported Earnings • May 19
Full year 2023 earnings released: EPS: JP¥61.85 (vs JP¥113 in FY 2022) Full year 2023 results: EPS: JP¥61.85 (down from JP¥113 in FY 2022). Revenue: JP¥41.6b (up 6.7% from FY 2022). Net income: JP¥519.0m (down 46% from FY 2022). Profit margin: 1.2% (down from 2.5% in FY 2022). Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has remained flat. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥25.00 per share at 3.1% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 29 June 2023. Payout ratio is a comfortable 36% but the company is not cash flow positive. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.9%). Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: JP¥14.58 (vs JP¥33.87 in 3Q 2022) Third quarter 2023 results: EPS: JP¥14.58 (down from JP¥33.87 in 3Q 2022). Revenue: JP¥10.6b (up 9.3% from 3Q 2022). Net income: JP¥122.0m (down 57% from 3Q 2022). Profit margin: 1.2% (down from 3.0% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Annonce • Dec 04
Dynic Corporation to Report Q3, 2023 Results on Feb 09, 2023 Dynic Corporation announced that they will report Q3, 2023 results on Feb 09, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: JP¥16.84 (vs JP¥31.74 in 2Q 2022) Second quarter 2023 results: EPS: JP¥16.84 (down from JP¥31.74 in 2Q 2022). Revenue: JP¥10.6b (up 9.5% from 2Q 2022). Net income: JP¥141.0m (down 48% from 2Q 2022). Profit margin: 1.3% (down from 2.8% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 13
Second quarter 2023 earnings released: EPS: JP¥16.84 (vs JP¥31.74 in 2Q 2022) Second quarter 2023 results: EPS: JP¥16.84 (down from JP¥31.74 in 2Q 2022). Revenue: JP¥10.6b (up 9.5% from 2Q 2022). Net income: JP¥141.0m (down 48% from 2Q 2022). Profit margin: 1.3% (down from 2.8% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Annonce • Sep 09
Dynic Corporation to Report Q2, 2023 Results on Nov 11, 2022 Dynic Corporation announced that they will report Q2, 2023 results on Nov 11, 2022 Reported Earnings • Aug 11
First quarter 2023 earnings released: EPS: JP¥38.30 (vs JP¥48.38 in 1Q 2022) First quarter 2023 results: EPS: JP¥38.30 (down from JP¥48.38 in 1Q 2022). Revenue: JP¥10.2b (up 7.0% from 1Q 2022). Net income: JP¥324.0m (down 21% from 1Q 2022). Profit margin: 3.2% (down from 4.3% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Annonce • Jun 29
Dynic Corporation to Report Q1, 2023 Results on Aug 09, 2022 Dynic Corporation announced that they will report Q1, 2023 results on Aug 09, 2022 Reported Earnings • May 22
Full year 2022 earnings released: EPS: JP¥113 (vs JP¥109 in FY 2021) Full year 2022 results: EPS: JP¥113 (up from JP¥109 in FY 2021). Revenue: JP¥38.9b (up 8.6% from FY 2021). Net income: JP¥960.0m (up 4.0% from FY 2021). Profit margin: 2.5% (in line with FY 2021). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Annonce • Apr 07
Dynic Corporation to Report Fiscal Year 2022 Results on May 16, 2022 Dynic Corporation announced that they will report fiscal year 2022 results on May 16, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 28 June 2022. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (2.0%). Reported Earnings • Feb 10
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥33.87 (up from JP¥26.67 in 3Q 2021). Revenue: JP¥9.70b (up 8.1% from 3Q 2021). Net income: JP¥287.0m (up 27% from 3Q 2021). Profit margin: 3.0% (up from 2.5% in 3Q 2021). Revenue was in line with analyst estimates. 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 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 12
Second quarter 2022 earnings released: EPS JP¥31.74 (vs JP¥4.72 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥9.65b (up 14% from 2Q 2021). Net income: JP¥269.0m (up JP¥229.0m from 2Q 2021). Profit margin: 2.8% (up from 0.5% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 13
First quarter 2022 earnings released: EPS JP¥48.38 (vs JP¥5.19 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥9.56b (up 5.7% from 1Q 2021). Net income: JP¥410.0m (up JP¥366.0m from 1Q 2021). Profit margin: 4.3% (up from 0.5% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Reported Earnings • May 20
Full year 2021 earnings released: EPS JP¥109 (vs JP¥85.55 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥35.9b (down 12% from FY 2020). Net income: JP¥925.0m (up 28% from FY 2020). Profit margin: 2.6% (up from 1.8% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 8% per year. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 29 June 2021. Trailing yield: 2.9%. Within top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.9%). Reported Earnings • Feb 12
Third quarter 2021 earnings released: EPS JP¥27.14 (vs JP¥25.72 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: JP¥8.97b (down 12% from 3Q 2020). Net income: JP¥230.0m (up 5.5% from 3Q 2020). Profit margin: 2.6% (up from 2.1% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Dec 15
New 90-day high: JP¥880 The company is up 9.0% from its price of JP¥810 on 16 September 2020. The Japanese market is also up 9.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Luxury industry, which is up 4.0% over the same period. Annonce • Sep 19
Dynic Corporation to Report Q2, 2021 Results on Nov 12, 2020 Dynic Corporation announced that they will report Q2, 2021 results on Nov 12, 2020 Annonce • Jun 19
Dynic Corporation to Report Q1, 2021 Results on Aug 12, 2020 Dynic Corporation announced that they will report Q1, 2021 results on Aug 12, 2020