Reported Earnings • Aug 08
First quarter 2027 earnings released: EPS: JP¥5.70 (vs JP¥66.60 in 1Q 2026) First quarter 2027 results: EPS: JP¥5.70 (down from JP¥66.60 in 1Q 2026). Revenue: JP¥35.1b (up 9.2% from 1Q 2026). Net income: JP¥128.0m (down 91% from 1Q 2026). Profit margin: 0.4% (down from 4.6% in 1Q 2026). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Consumer Durables industry in Japan. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 48% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Jul 25
Final dividend of JP¥55.00 announced Shareholders will receive a dividend of JP¥55.00. Ex-date: 29th September 2026 Payment date: 7th December 2026 Dividend yield will be 3.5%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is covered by earnings (36% earnings payout ratio) but not covered by cash flows (dividend approximately 19x free cash flows). The dividend has increased by an average of 8.7% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 17% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annonce • Jun 27
Foster Electric Company, Limited to Report Q1, 2027 Results on Aug 07, 2026 Foster Electric Company, Limited announced that they will report Q1, 2027 results on Aug 07, 2026 Buy Or Sell Opportunity • May 21
Now 22% overvalued Over the last 90 days, the stock has fallen 5.4% to JP¥2,831. The fair value is estimated to be JP¥2,317, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.9% over the last 3 years. Earnings per share has grown by 36%. Revenue is forecast to grow by 9.3% in 2 years. Earnings are forecast to grow by 10% in the next 2 years. Reported Earnings • May 20
Full year 2026 earnings: EPS exceeds analyst expectations Full year 2026 results: EPS: JP¥221 (up from JP¥175 in FY 2025). Revenue: JP¥134.9b (down 2.0% from FY 2025). Net income: JP¥4.95b (up 27% from FY 2025). Profit margin: 3.7% (up from 2.8% in FY 2025). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 14%. Revenue is forecast to grow 4.4% p.a. on average during the next 2 years, compared to a 3.1% growth forecast for the Consumer Durables industry in Japan. Over the last 3 years on average, earnings per share has increased by 36% per year whereas the company’s share price has increased by 40% per year. Annonce • May 15
Foster Electric Company, Limited, Annual General Meeting, Jun 25, 2026 Foster Electric Company, Limited, Annual General Meeting, Jun 25, 2026. Annonce • May 10
Foster Electric Company, Limited to Report Fiscal Year 2026 Results on May 15, 2026 Foster Electric Company, Limited announced that they will report fiscal year 2026 results on May 15, 2026 Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to JP¥3,430, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 13x in the Consumer Durables industry in Japan. Total returns to shareholders of 233% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,957 per share. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥45.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 26 June 2026. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%). New Risk • Feb 12
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). Reported Earnings • Feb 11
Third quarter 2026 earnings released: EPS: JP¥29.29 (vs JP¥34.46 in 3Q 2025) Third quarter 2026 results: EPS: JP¥29.29 (down from JP¥34.46 in 3Q 2025). Revenue: JP¥33.3b (down 6.1% from 3Q 2025). Net income: JP¥658.0m (down 14% from 3Q 2025). Profit margin: 2.0% (down from 2.2% in 3Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Consumer Durables industry in Japan. Over the last 3 years on average, earnings per share has increased by 59% per year whereas the company’s share price has increased by 55% per year. Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to JP¥3,050, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 14x in the Consumer Durables industry in Japan. Total returns to shareholders of 239% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,782 per share. Annonce • Dec 25
Foster Electric Company, Limited to Report Q3, 2026 Results on Feb 10, 2026 Foster Electric Company, Limited announced that they will report Q3, 2026 results on Feb 10, 2026 Declared Dividend • Dec 06
First half dividend of JP¥40.00 announced Shareholders will receive a dividend of JP¥40.00. Ex-date: 30th March 2026 Payment date: 26th June 2026 Dividend yield will be 2.8%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is well covered by both earnings (40% earnings payout ratio) and cash flows (17% cash payout ratio). The dividend has increased by an average of 7.9% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 30% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Price Target Changed • Nov 28
Price target increased by 13% to JP¥2,675 Up from JP¥2,375, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of JP¥2,635. Stock is up 82% over the past year. The company is forecast to post earnings per share of JP¥205 for next year compared to JP¥175 last year. Major Estimate Revision • Nov 27
Consensus EPS estimates increase by 17% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from JP¥190 to JP¥223. Revenue forecast unchanged at JP¥137.5b. Net income forecast to grow 15% next year vs 9.2% growth forecast for Consumer Durables industry in Japan. Consensus price target of JP¥2,375 unchanged from last update. Share price rose 4.6% to JP¥2,640 over the past week. Reported Earnings • Nov 12
Second quarter 2026 earnings released: EPS: JP¥50.72 (vs JP¥56.36 in 2Q 2025) Second quarter 2026 results: EPS: JP¥50.72 (down from JP¥56.36 in 2Q 2025). Revenue: JP¥34.5b (down 1.2% from 2Q 2025). Net income: JP¥1.13b (down 9.9% from 2Q 2025). Profit margin: 3.3% (down from 3.6% in 2Q 2025). Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 1.5% growth forecast for the Consumer Durables industry in Japan. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 42% per year, which means it is significantly lagging earnings growth. Annonce • Sep 26
Foster Electric Company, Limited to Report Q2, 2026 Results on Nov 10, 2025 Foster Electric Company, Limited announced that they will report Q2, 2026 results on Nov 10, 2025 Reported Earnings • Aug 08
First quarter 2026 earnings released: EPS: JP¥66.60 (vs JP¥53.04 in 1Q 2025) First quarter 2026 results: EPS: JP¥66.60 (up from JP¥53.04 in 1Q 2025). Revenue: JP¥32.1b (down 3.5% from 1Q 2025). Net income: JP¥1.49b (up 26% from 1Q 2025). Profit margin: 4.6% (up from 3.5% in 1Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 1.4% growth forecast for the Consumer Durables industry in Japan. Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth. Declared Dividend • Jul 09
Final dividend of JP¥35.00 announced Shareholders will receive a dividend of JP¥35.00. Ex-date: 29th September 2025 Payment date: 5th December 2025 Dividend yield will be 4.8%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is well covered by both earnings (41% earnings payout ratio) and cash flows (14% cash payout ratio). The dividend has increased by an average of 10.0% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 30% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annonce • Jun 25
Foster Electric Company, Limited to Report Q1, 2026 Results on Aug 07, 2025 Foster Electric Company, Limited announced that they will report Q1, 2026 results on Aug 07, 2025 Major Estimate Revision • Jun 05
Consensus EPS estimates increase by 15%, revenue downgraded The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from JP¥139.0b to JP¥137.0b. EPS estimate rose from JP¥167 to JP¥193. Net income forecast to grow 10% next year vs 8.0% growth forecast for Consumer Durables industry in Japan. Consensus price target of JP¥2,375 unchanged from last update. Share price was steady at JP¥1,433 over the past week. Reported Earnings • May 20
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: JP¥175 (up from JP¥104 in FY 2024). Revenue: JP¥137.6b (up 12% from FY 2024). Net income: JP¥3.90b (up 69% from FY 2024). Profit margin: 2.8% (up from 1.9% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Revenue is forecast to grow 2.6% p.a. on average during the next 2 years, compared to a 1.1% growth forecast for the Consumer Durables industry in Japan. Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Annonce • May 15
Foster Electric Company, Limited, Annual General Meeting, Jun 25, 2025 Foster Electric Company, Limited, Annual General Meeting, Jun 25, 2025. New Risk • Apr 08
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. 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 (6.3% average weekly change). Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥1,117, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 11x in the Consumer Durables industry in Japan. Total returns to shareholders of 82% over the past three years. Annonce • Mar 25
Foster Electric Company, Limited to Report Fiscal Year 2025 Results on May 15, 2025 Foster Electric Company, Limited announced that they will report fiscal year 2025 results on May 15, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 27 June 2025. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 5.7%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.5%). Reported Earnings • Feb 12
Third quarter 2025 earnings released: EPS: JP¥36.10 (vs JP¥61.41 in 3Q 2024) Third quarter 2025 results: EPS: JP¥36.10 (down from JP¥61.41 in 3Q 2024). Revenue: JP¥36.9b (up 18% from 3Q 2024). Net income: JP¥806.0m (down 41% from 3Q 2024). Profit margin: 2.2% (down from 4.4% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, while revenues in the Consumer Durables industry in Japan are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Annonce • Jan 03
Foster Electric Company, Limited to Report Q3, 2025 Results on Feb 10, 2025 Foster Electric Company, Limited announced that they will report Q3, 2025 results on Feb 10, 2025 Declared Dividend • Dec 06
First half dividend of JP¥30.00 announced Shareholders will receive a dividend of JP¥30.00. Ex-date: 28th March 2025 Payment date: 27th June 2025 Dividend yield will be 3.4%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is covered by both earnings (9% earnings payout ratio) and cash flows (70% cash payout ratio). The dividend has increased by an average of 4.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 27% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥1,483, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 12x in the Consumer Durables industry in Japan. Total returns to shareholders of 103% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,316 per share. Reported Earnings • Nov 13
Second quarter 2025 earnings released: EPS: JP¥56.36 (vs JP¥51.73 in 2Q 2024) Second quarter 2025 results: EPS: JP¥56.36 (up from JP¥51.73 in 2Q 2024). Revenue: JP¥34.9b (up 9.3% from 2Q 2024). Net income: JP¥1.26b (up 9.3% from 2Q 2024). Profit margin: 3.6% (in line with 2Q 2024). Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Consumer Durables industry in Japan. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Nov 12
Now 23% undervalued Over the last 90 days, the stock has risen 24% to JP¥1,783. The fair value is estimated to be JP¥2,321, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 16% in 2 years. Earnings are forecast to grow by 13% in the next 2 years. Buy Or Sell Opportunity • Oct 15
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.5% to JP¥1,801. The fair value is estimated to be JP¥2,280, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 16% in 2 years. Earnings are forecast to grow by 13% in the next 2 years. Buy Or Sell Opportunity • Sep 30
Now 22% undervalued Over the last 90 days, the stock has risen 6.1% to JP¥1,814. The fair value is estimated to be JP¥2,311, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 16% in 2 years. Earnings are forecast to grow by 13% in the next 2 years. Annonce • Sep 26
Foster Electric Company, Limited to Report Q2, 2025 Results on Nov 11, 2024 Foster Electric Company, Limited announced that they will report Q2, 2025 results on Nov 11, 2024 Upcoming Dividend • Sep 20
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 06 December 2024. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.8%). Reported Earnings • Aug 09
First quarter 2025 earnings released: EPS: JP¥49.71 (vs JP¥1.62 loss in 1Q 2024) First quarter 2025 results: EPS: JP¥49.71 (up from JP¥1.62 loss in 1Q 2024). Revenue: JP¥31.7b (up 14% from 1Q 2024). Net income: JP¥1.11b (up JP¥1.14b from 1Q 2024). Profit margin: 3.5% (up from net loss in 1Q 2024). The move to profitability was driven by higher revenue. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Consumer Durables industry in Japan. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. New Risk • Aug 05
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 8.1% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.1% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to JP¥1,252, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 11x in the Consumer Durables industry in Japan. Total returns to shareholders of 48% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,097 per share. Declared Dividend • Jul 11
Final dividend of JP¥20.00 announced Shareholders will receive a dividend of JP¥20.00. Ex-date: 27th September 2024 Payment date: 6th December 2024 Dividend yield will be 1.9%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is well covered by both earnings (12% earnings payout ratio) and cash flows (8% cash payout ratio). The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. EPS is expected to grow by 72% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annonce • Jun 27
Foster Electric Company, Limited to Report Q1, 2025 Results on Aug 08, 2024 Foster Electric Company, Limited announced that they will report Q1, 2025 results on Aug 08, 2024 Major Estimate Revision • May 30
Consensus EPS estimates increase by 19% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from JP¥125.5b to JP¥135.0b. EPS estimate increased from JP¥114 to JP¥135 per share. Net income forecast to grow 30% next year vs 2.7% growth forecast for Consumer Durables industry in Japan. Consensus price target up from JP¥1,700 to JP¥1,850. Share price rose 23% to JP¥1,680 over the past week. Valuation Update With 7 Day Price Move • May 28
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥1,571, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 12x in the Consumer Durables industry in Japan. Total returns to shareholders of 58% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,518 per share. New Risk • May 24
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 5.7% 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 (5.7% average weekly change). Reported Earnings • May 18
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: JP¥104 (up from JP¥38.22 in FY 2023). Revenue: JP¥122.4b (flat on FY 2023). Net income: JP¥2.30b (up 172% from FY 2023). Profit margin: 1.9% (up from 0.7% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.3%. Revenue is forecast to grow 3.4% p.a. on average during the next 2 years, compared to a 2.0% growth forecast for the Consumer Durables industry in Japan. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Annonce • May 17
Foster Electric Company, Limited, Annual General Meeting, Jun 26, 2024 Foster Electric Company, Limited, Annual General Meeting, Jun 26, 2024. Annonce • Mar 27
Foster Electric Company, Limited to Report Fiscal Year 2024 Results on May 15, 2024 Foster Electric Company, Limited announced that they will report fiscal year 2024 results on May 15, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 28 June 2024. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.6%). Reported Earnings • Feb 16
Third quarter 2024 earnings released: EPS: JP¥61.41 (vs JP¥0.36 in 3Q 2023) Third quarter 2024 results: EPS: JP¥61.41 (up from JP¥0.36 in 3Q 2023). Revenue: JP¥31.1b (up 3.0% from 3Q 2023). Net income: JP¥1.37b (up JP¥1.36b from 3Q 2023). Profit margin: 4.4% (up from 0% in 3Q 2023). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Consumer Durables industry in Japan. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Feb 14
Now 22% undervalued Over the last 90 days, the stock has risen 2.3% to JP¥1,121. The fair value is estimated to be JP¥1,444, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 6.6% in 2 years. Earnings are forecast to grow by 23% in the next 2 years. Annonce • Dec 22
Foster Electric Company, Limited to Report Q3, 2024 Results on Feb 14, 2024 Foster Electric Company, Limited announced that they will report Q3, 2024 results on Feb 14, 2024 Reported Earnings • Nov 18
Second quarter 2024 earnings released: EPS: JP¥51.73 (vs JP¥2.98 loss in 2Q 2023) Second quarter 2024 results: EPS: JP¥51.73 (up from JP¥2.98 loss in 2Q 2023). Revenue: JP¥32.0b (up 4.8% from 2Q 2023). Net income: JP¥1.15b (up JP¥1.22b from 2Q 2023). Profit margin: 3.6% (up from net loss in 2Q 2023). Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Consumer Durables 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 remained flat, which means it is significantly lagging earnings. New Risk • Nov 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 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. 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 (6.3% average weekly change). Valuation Update With 7 Day Price Move • Nov 15
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to JP¥1,046, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 10x in the Consumer Durables industry in Japan. Total loss to shareholders of 5.5% over the past three years. Annonce • Sep 22
Foster Electric Company, Limited to Report Q2, 2024 Results on Nov 14, 2023 Foster Electric Company, Limited announced that they will report Q2, 2024 results on Nov 14, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of JP¥10.00 per share at 2.1% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 06 December 2023. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.6%). Reported Earnings • Aug 10
First quarter 2024 earnings released: JP¥1.62 loss per share (vs JP¥8.25 loss in 1Q 2023) First quarter 2024 results: JP¥1.62 loss per share (improved from JP¥8.25 loss in 1Q 2023). Revenue: JP¥27.8b (flat on 1Q 2023). Net loss: JP¥36.0m (loss narrowed 80% from 1Q 2023). Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Consumer Durables industry in Japan. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 6% per year. Annonce • Jun 24
Foster Electric Company, Limited to Report Q1, 2024 Results on Aug 09, 2023 Foster Electric Company, Limited announced that they will report Q1, 2024 results on Aug 09, 2023 Major Estimate Revision • Jun 08
Consensus EPS estimates fall by 35% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from JP¥112 to JP¥72.10. Revenue forecast unchanged from JP¥125.0b at last update. Net income forecast to grow 89% next year vs 3.1% growth forecast for Consumer Durables industry in Japan. Consensus price target of JP¥1,300 unchanged from last update. Share price was steady at JP¥956 over the past week. Reported Earnings • May 14
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: JP¥38.22 (up from JP¥316 loss in FY 2022). Revenue: JP¥121.3b (up 33% from FY 2022). Net income: JP¥848.0m (up JP¥7.87b from FY 2022). Profit margin: 0.7% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 45%. Revenue is forecast to grow 5.2% p.a. on average during the next 2 years, compared to a 2.9% growth forecast for the Consumer Durables industry in Japan. Over the last 3 years on average, earnings per share has fallen by 37% 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 • May 12
Foster Electric Company, Limited, Annual General Meeting, Jun 27, 2023 Foster Electric Company, Limited, Annual General Meeting, Jun 27, 2023. Reported Earnings • Feb 17
Third quarter 2023 earnings released: EPS: JP¥0.36 (vs JP¥54.15 loss in 3Q 2022) Third quarter 2023 results: EPS: JP¥0.36 (up from JP¥54.15 loss in 3Q 2022). Revenue: JP¥30.2b (up 40% from 3Q 2022). Net income: JP¥8.00m (up JP¥1.21b from 3Q 2022). Profit margin: 0% (up from net loss in 3Q 2022). Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Consumer Durables industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance. Annonce • Dec 16
Foster Electric Company, Limited to Report Q3, 2023 Results on Feb 14, 2023 Foster Electric Company, Limited announced that they will report Q3, 2023 results on Feb 14, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: JP¥2.98 loss per share (vs JP¥55.55 loss in 2Q 2022) Second quarter 2023 results: JP¥2.98 loss per share (improved from JP¥55.55 loss in 2Q 2022). Revenue: JP¥30.5b (up 38% from 2Q 2022). Net loss: JP¥66.0m (loss narrowed 95% from 2Q 2022). Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Consumer Durables industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Outside Director Kaoru Chujo was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.