Reported Earnings • May 19
Full year 2026 earnings released: EPS: JP¥783 (vs JP¥140 in FY 2025) Full year 2026 results: EPS: JP¥783 (up from JP¥140 in FY 2025). Revenue: JP¥99.9b (up 14% from FY 2025). Net income: JP¥13.8b (up 35% from FY 2025). Profit margin: 14% (up from 12% in FY 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Annonce • May 14
Mitani Sekisan Co., Ltd., Annual General Meeting, Jun 24, 2026 Mitani Sekisan Co., Ltd., Annual General Meeting, Jun 24, 2026. New Risk • May 14
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. This is currently the only risk that has been identified for the company. Annonce • May 09
Mitani Sekisan Co., Ltd. to Report Fiscal Year 2026 Results on May 14, 2026 Mitani Sekisan Co., Ltd. announced that they will report fiscal year 2026 results on May 14, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥81.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 19 June 2026. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (2.8%). Reported Earnings • Feb 15
Third quarter 2026 earnings released: EPS: JP¥207 (vs JP¥163 in 3Q 2025) Third quarter 2026 results: EPS: JP¥207 (up from JP¥163 in 3Q 2025). Revenue: JP¥25.8b (up 15% from 3Q 2025). Net income: JP¥3.63b (up 23% from 3Q 2025). Profit margin: 14% (in line with 3Q 2025). Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 22% per year. Reported Earnings • Nov 15
Second quarter 2026 earnings released: EPS: JP¥185 (vs JP¥104 in 2Q 2025) Second quarter 2026 results: EPS: JP¥185 (up from JP¥104 in 2Q 2025). Revenue: JP¥23.6b (up 15% from 2Q 2025). Net income: JP¥3.25b (up 71% from 2Q 2025). Profit margin: 14% (up from 9.3% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 21% per year. Annonce • Oct 02
TD SYNNEX K.K. acquired 96.3% stake in Gateway Computer Co., Ltd. from Mitani Sekisan Co., Ltd. (TSE:5273). TD SYNNEX K.K. acquired 96.3% stake in Gateway Computer Co., Ltd. from Mitani Sekisan Co., Ltd. (TSE:5273) on September 11, 2025. Gateway Computer Co., Ltd. will continue to function as a separate organization under TD SYNNEX K.K.
For the period ending March 31, 2025, Gateway Computer Co., Ltd. reported total revenue of ¥4.57 billion, operating income of ¥171 million and net income of ¥118 million. As of March 31, 2025, Gateway Computer Co., Ltd. reported total assets of ¥2.34 billion and total common equity of ¥992 million. Hidekazu Hayashi, President of Gateway Computer Co., Ltd., will continue to lead the business and report to Shigetaka Kunimochi, President of TD SYNNEX K.K. There will be no changes to existing contracts or support structures for customers and partners.
TD SYNNEX K.K. completed the acquisition of 96.3% stake in Gateway Computer Co., Ltd. from Mitani Sekisan Co., Ltd. (TSE:5273) on September 30, 2025. Annonce • Sep 27
Mitani Sekisan Co., Ltd. to Report Q2, 2026 Results on Nov 12, 2025 Mitani Sekisan Co., Ltd. announced that they will report Q2, 2026 results on Nov 12, 2025 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥65.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 16 December 2025. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (2.7%). Reported Earnings • Aug 16
First quarter 2026 earnings released: EPS: JP¥208 (vs JP¥168 in 1Q 2025) First quarter 2026 results: EPS: JP¥208 (up from JP¥168 in 1Q 2025). Revenue: JP¥26.1b (up 21% from 1Q 2025). Net income: JP¥3.67b (up 20% from 1Q 2025). Profit margin: 14% (in line with 1Q 2025). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Aug 05
Mitani Sekisan Co., Ltd. to Report Q1, 2026 Results on Aug 14, 2025 Mitani Sekisan Co., Ltd. announced that they will report Q1, 2026 results on Aug 14, 2025 Reported Earnings • Jun 24
Full year 2025 earnings released: EPS: JP¥561 (vs JP¥505 in FY 2024) Full year 2025 results: EPS: JP¥561 (up from JP¥505 in FY 2024). Revenue: JP¥87.8b (up 5.6% from FY 2024). Net income: JP¥10.2b (up 10.0% from FY 2024). Profit margin: 12% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 21% per year. Annonce • May 15
Mitani Sekisan Co., Ltd. (TSE:5273) announces an Equity Buyback for 300,000 shares, representing 1.69% for ¥2,100 million. Mitani Sekisan Co., Ltd. (TSE:5273) announces a share repurchase program. Under the program, the company will repurchase up to 300,000 shares, representing 1.69% of its issued share capital (excluding treasury stock), for ¥2,100 million. The purpose of the program is shareholder return and capital policy. The program is valid till May 14, 2026. As of May 14, 2025, the company has 17,752,046 issued shares (excluding treasury stock) and 3,234,553 treasury shares. Annonce • May 14
Mitani Sekisan Co., Ltd., Annual General Meeting, Jun 18, 2025 Mitani Sekisan Co., Ltd., Annual General Meeting, Jun 18, 2025. Annonce • Apr 09
Mitani Sekisan Co., Ltd. to Report Fiscal Year 2025 Results on May 14, 2025 Mitani Sekisan Co., Ltd. announced that they will report fiscal year 2025 results on May 14, 2025 Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥5,740, the stock trades at a trailing P/E ratio of 10x. Average trailing P/E is 10x in the Basic Materials industry in Japan. Negligible returns to shareholders over past three years. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥80.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 20 June 2025. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (2.8%). Reported Earnings • Feb 16
Third quarter 2025 earnings released: EPS: JP¥163 (vs JP¥133 in 3Q 2024) Third quarter 2025 results: EPS: JP¥163 (up from JP¥133 in 3Q 2024). Revenue: JP¥22.4b (up 5.1% from 3Q 2024). Net income: JP¥2.96b (up 21% from 3Q 2024). Profit margin: 13% (up from 12% in 3Q 2024). 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 7% per year, which means it is significantly lagging earnings. Annonce • Feb 15
Mitani Sekisan Co., Ltd. (TSE:5273) announces an Equity Buyback for 250,000 shares, representing 1.4% for ¥1,250 million. Mitani Sekisan Co., Ltd. (TSE:5273) announces a share repurchase program. Under the program, the company will repurchase up to 250,000 shares, representing 1.4% of its issued share capital (excluding treasury stock), for a total purchase price of ¥1,250 million. The purpose of the program is to enable flexible capital policy implementation in response to changes in the business environment. The program will continue through August 14, 2025. As of February 14, 2025, the company has 17,864,108 issued shares (excluding treasury stock) and 3,122,491 treasury shares. New Risk • Jan 18
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 5.0% 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 • Jan 17
Mitani Sekisan Co., Ltd. to Report Q3, 2025 Results on Feb 14, 2025 Mitani Sekisan Co., Ltd. announced that they will report Q3, 2025 results on Feb 14, 2025 Annonce • Dec 12
Mitani Sekisan Co., Ltd. (TSE:5273) announces an Equity Buyback for 700,000 shares, representing 3.28% for ¥3,720 million. Mitani Sekisan Co., Ltd. (TSE:5273) announces a share repurchase program. Under the program, the company will repurchase up to 700,000 shares, representing 3.28% of its issued share capital (excluding treasury stock), for a total purchase price of ¥3,720 million. The program is part of our shareholder return and capital policy. The program will continue through December 26, 2024. As of December 12, 2024, the company has 18,275,911 issued shares (excluding treasury stock) and 6,710,688 treasury shares. Reported Earnings • Nov 16
Second quarter 2025 earnings released: EPS: JP¥104 (vs JP¥108 in 2Q 2024) Second quarter 2025 results: EPS: JP¥104 (down from JP¥108 in 2Q 2024). Revenue: JP¥20.4b (down 1.3% from 2Q 2024). Net income: JP¥1.90b (down 4.4% from 2Q 2024). Profit margin: 9.3% (in line with 2Q 2024). 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 7% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Nov 13
Now 21% undervalued Over the last 90 days, the stock has risen 12% to JP¥5,950. The fair value is estimated to be JP¥7,570, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.8% over the last 3 years. Earnings per share has grown by 26%. Annonce • Oct 17
Mitani Sekisan Co., Ltd. to Report Q2, 2025 Results on Nov 12, 2024 Mitani Sekisan Co., Ltd. announced that they will report Q2, 2025 results on Nov 12, 2024 Upcoming Dividend • Sep 20
Upcoming dividend of JP¥50.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 11 December 2024. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (2.9%). Reported Earnings • Aug 14
First quarter 2025 earnings released: EPS: JP¥168 (vs JP¥137 in 1Q 2024) First quarter 2025 results: EPS: JP¥168 (up from JP¥137 in 1Q 2024). Revenue: JP¥21.6b (up 9.2% from 1Q 2024). Net income: JP¥3.07b (up 22% from 1Q 2024). Profit margin: 14% (up from 13% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Aug 05
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 15% to JP¥4,770. The fair value is estimated to be JP¥6,203, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.0% over the last 3 years. Earnings per share has grown by 26%. Annonce • Aug 01
Mitani Sekisan Co., Ltd. to Report Q1, 2025 Results on Aug 09, 2024 Mitani Sekisan Co., Ltd. announced that they will report Q1, 2025 results on Aug 09, 2024 Reported Earnings • May 19
Full year 2024 earnings released: EPS: JP¥505 (vs JP¥446 in FY 2023) Full year 2024 results: EPS: JP¥505 (up from JP¥446 in FY 2023). Revenue: JP¥83.1b (down 3.4% from FY 2023). Net income: JP¥9.25b (up 13% from FY 2023). Profit margin: 11% (up from 9.5% 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 26% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Annonce • May 16
Mitani Sekisan Co., Ltd., Annual General Meeting, Jun 19, 2024 Mitani Sekisan Co., Ltd., Annual General Meeting, Jun 19, 2024. Buy Or Sell Opportunity • Apr 16
Now 21% undervalued Over the last 90 days, the stock has risen 15% to JP¥5,970. The fair value is estimated to be JP¥7,552, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.8% over the last 3 years. Earnings per share has grown by 24%. Annonce • Apr 14
Mitani Sekisan Co., Ltd. to Report Fiscal Year 2024 Results on May 14, 2024 Mitani Sekisan Co., Ltd. announced that they will report fiscal year 2024 results on May 14, 2024 Buy Or Sell Opportunity • Mar 28
Now 20% undervalued Over the last 90 days, the stock has risen 26% to JP¥6,000. The fair value is estimated to be JP¥7,502, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.8% over the last 3 years. Earnings per share has grown by 24%. 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: 14 June 2024. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (2.4%). Reported Earnings • Feb 17
Third quarter 2024 earnings released: EPS: JP¥133 (vs JP¥97.48 in 3Q 2023) Third quarter 2024 results: EPS: JP¥133 (up from JP¥97.48 in 3Q 2023). Revenue: JP¥21.3b (down 1.2% from 3Q 2023). Net income: JP¥2.44b (up 36% from 3Q 2023). Profit margin: 12% (up from 8.3% in 3Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Annonce • Feb 15
Mitani Sekisan Co., Ltd. (TSE:5273) announces an Equity Buyback for 50,000 shares, representing 0.27% for ¥250 million. Mitani Sekisan Co., Ltd. (TSE:5273) announces a share repurchase program. Under the program, the company will repurchase up to 50,000 shares, representing 0.27% of its issued share capital (excluding treasury stock), for a total purchase price of ¥250 million. The purpose of the program is to enable flexible capital policy implementation in response to changes in the business environment. The program will continue through February 14, 2025. As of February 14, 2024, the company has 18,301,560 issued shares (excluding treasury stock) and 6,685,039 treasury shares. Annonce • Jan 20
Mitani Sekisan Co., Ltd. to Report Q3, 2024 Results on Feb 14, 2024 Mitani Sekisan Co., Ltd. announced that they will report Q3, 2024 results on Feb 14, 2024 Reported Earnings • Nov 11
Second quarter 2024 earnings released: EPS: JP¥108 (vs JP¥94.05 in 2Q 2023) Second quarter 2024 results: EPS: JP¥108 (up from JP¥94.05 in 2Q 2023). Revenue: JP¥20.7b (down 9.5% from 2Q 2023). Net income: JP¥1.99b (up 15% from 2Q 2023). Profit margin: 9.6% (up from 7.6% in 2Q 2023). The increase in margin was driven by lower expenses. 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 1% per year, which means it is significantly lagging earnings. Annonce • Nov 01
Mitani Sekisan Co., Ltd. to Report Q2, 2024 Results on Nov 10, 2023 Mitani Sekisan Co., Ltd. announced that they will report Q2, 2024 results on Nov 10, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of JP¥31.50 per share at 1.3% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 05 December 2023. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of Japanese dividend payers (3.3%). Lower than average of industry peers (2.6%). Annonce • Sep 15
Mitani Sekisan Co., Ltd. (TSE:5273) announces an Equity Buyback for 50,000 shares, representing 0.27% for ¥250 million. Mitani Sekisan Co., Ltd. (TSE:5273) announces a share repurchase program. Under the program, the company will repurchase up to 50,000 shares, representing 0.27% of its issued share capital (excluding treasury stock), for a total purchase price of ¥250 million. The purpose of the program is to enable flexible capital policy implementation in response to changes in the business environment. The program will continue through September 13, 2024. As of September 13, 2023, the company has 18,348,061 issued shares (excluding treasury stock) and 6,638,538 treasury shares. Reported Earnings • Aug 12
First quarter 2024 earnings released: EPS: JP¥137 (vs JP¥94.75 in 1Q 2023) First quarter 2024 results: EPS: JP¥137 (up from JP¥94.75 in 1Q 2023). Revenue: JP¥19.8b (flat on 1Q 2023). Net income: JP¥2.52b (up 45% from 1Q 2023). Profit margin: 13% (up from 8.7% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Annonce • Aug 03
Mitani Sekisan Co., Ltd. to Report Q1, 2024 Results on Aug 10, 2023 Mitani Sekisan Co., Ltd. announced that they will report Q1, 2024 results on Aug 10, 2023 Reported Earnings • May 14
Full year 2023 earnings released: EPS: JP¥446 (vs JP¥282 in FY 2022) Full year 2023 results: EPS: JP¥446 (up from JP¥282 in FY 2022). Revenue: JP¥86.1b (up 11% from FY 2022). Net income: JP¥8.20b (up 54% from FY 2022). Profit margin: 9.5% (up from 6.9% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Annonce • May 14
Mitani Sekisan Co., Ltd., Annual General Meeting, Jun 13, 2023 Mitani Sekisan Co., Ltd., Annual General Meeting, Jun 13, 2023. Buying Opportunity • Apr 06
Now 21% undervalued Over the last 90 days, the stock is up 16%. The fair value is estimated to be JP¥5,606, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.7% over the last 3 years. Earnings per share has grown by 3.4%. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥4,865, the stock trades at a trailing P/E ratio of 14.4x. Average trailing P/E is 9x in the Basic Materials industry in Japan. Total returns to shareholders of 16% over the past three years. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥22.50 per share at 1.1% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 15 June 2023. Payout ratio is a comfortable 6.6% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (2.8%). Buying Opportunity • Mar 14
Now 21% undervalued Over the last 90 days, the stock is up 6.5%. The fair value is estimated to be JP¥5,598, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.7% over the last 3 years. Earnings per share has grown by 3.4%. Buying Opportunity • Feb 17
Now 21% undervalued Over the last 90 days, the stock is up 6.4%. The fair value is estimated to be JP¥5,441, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.7% over the last 3 years. Earnings per share has grown by 3.4%. Annonce • Jan 18
Mitani Sekisan Co., Ltd. to Report Q3, 2023 Results on Feb 14, 2023 Mitani Sekisan Co., Ltd. announced that they will report Q3, 2023 results on Feb 14, 2023 Buying Opportunity • Jan 05
Now 24% undervalued after recent price drop Over the last 90 days, the stock is down 1.5%. The fair value is estimated to be JP¥4,822, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.1% over the last 3 years, while earnings per share has been flat. Buying Opportunity • Dec 15
Now 22% undervalued Over the last 90 days, the stock is up 7.8%. The fair value is estimated to be JP¥5,195, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.1% over the last 3 years, while earnings per share has been flat. Valuation Update With 7 Day Price Move • Dec 02
Investor sentiment deteriorated over the past week After last week's 15% share price decline to JP¥3,945, the stock trades at a trailing P/E ratio of 12.3x. Average trailing P/E is 8x in the Basic Materials industry in Japan. Total returns to shareholders of 15% over the past three years. Buying Opportunity • Nov 28
Now 22% undervalued Over the last 90 days, the stock is up 24%. The fair value is estimated to be JP¥5,718, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.1% over the last 3 years, while earnings per share has been flat. Reported Earnings • Nov 19
Second quarter 2023 earnings released: EPS: JP¥94.05 (vs JP¥53.33 in 2Q 2022) Second quarter 2023 results: EPS: JP¥94.05 (up from JP¥53.33 in 2Q 2022). Revenue: JP¥22.8b (up 36% from 2Q 2022). Net income: JP¥1.73b (up 69% from 2Q 2022). Profit margin: 7.6% (up from 6.1% 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 2% per year whereas the company’s share price has increased by 3% per year. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 8 highly experienced directors. No independent directors (6 non-independent directors). External Auditor Hideki Sugihara was the last director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Nov 11
Second quarter 2023 earnings released: EPS: JP¥94.05 (vs JP¥53.33 in 2Q 2022) Second quarter 2023 results: EPS: JP¥94.05 (up from JP¥53.33 in 2Q 2022). Revenue: JP¥22.8b (up 36% from 2Q 2022). Net income: JP¥1.73b (up 69% from 2Q 2022). Profit margin: 7.6% (up from 6.1% 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 2% per year and the company’s share price has also increased by 2% per year. Annonce • Oct 14
Mitani Sekisan Co., Ltd. to Report Q2, 2023 Results on Nov 09, 2022 Mitani Sekisan Co., Ltd. announced that they will report Q2, 2023 results on Nov 09, 2022 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥21.50 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 06 December 2022. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (2.9%). Annonce • Sep 14
Mitani Sekisan Co., Ltd. (TSE:5273) announces an Equity Buyback for 70,000 shares, representing 0.38% for ¥250 million. Mitani Sekisan Co., Ltd. (TSE:5273) announces a share repurchase program. Under the program, the company will repurchase up to 70,000 shares, representing 0.38% of its issued share capital (excluding treasury stock), for a total purchase price of ¥250 million. The purpose of the program is to enable the execution of agile capital policies in response to changes in the business environment. The program will continue through September 13, 2023. As of September 13, 2022, the company has 18,396,412 issued shares (excluding treasury stock) and 6,590,187 treasury shares. Reported Earnings • Aug 11
First quarter 2023 earnings released: EPS: JP¥94.75 (vs JP¥96.90 in 1Q 2022) First quarter 2023 results: EPS: JP¥94.75 (down from JP¥96.90 in 1Q 2022). Revenue: JP¥20.0b (flat on 1Q 2022). Net income: JP¥1.75b (down 6.0% from 1Q 2022). Profit margin: 8.7% (down from 9.3% in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 8% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Jul 28
Mitani Sekisan Co., Ltd. to Report Q1, 2023 Results on Aug 09, 2022 Mitani Sekisan Co., Ltd. announced that they will report Q1, 2023 results on Aug 09, 2022 Reported Earnings • May 18
Full year 2022 earnings released: EPS: JP¥282 (vs JP¥280 in FY 2021) Full year 2022 results: EPS: JP¥282. Revenue: JP¥77.3b (up 12% from FY 2021). Net income: JP¥5.32b (down 1.0% from FY 2021). Profit margin: 6.9% (down from 7.8% in FY 2021). The decrease in margin was driven by higher expenses. Annonce • May 15
Mitani Sekisan Co., Ltd., Annual General Meeting, Jun 14, 2022 Mitani Sekisan Co., Ltd., Annual General Meeting, Jun 14, 2022. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 8 highly experienced directors. No independent directors (6 non-independent directors). External Auditor Hideki Sugihara was the last director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥21.50 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 16 June 2022. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (2.7%). Reported Earnings • Feb 12
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥79.04 (down from JP¥84.91 in 3Q 2021). Revenue: JP¥18.8b (up 5.0% from 3Q 2021). Net income: JP¥1.48b (down 9.0% from 3Q 2021). Profit margin: 7.9% (down from 9.1% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Feb 11
Mitani Sekisan Co., Ltd. (TSE:5273) announces an Equity Buyback for 70,000 shares, representing 0.38% for ¥469 million. Mitani Sekisan Co., Ltd. (TSE:5273) announces a share repurchase program. Under the program, the company will repurchase up to 70,000 shares, representing 0.38% of its issued share capital (excluding treasury stock), for a total purchase price of ¥469 million. The shares will be repurchased at a price of ¥6,670 per share. The purpose of the program is to enable the execution of agile capital policies in response to changes in the business environment. As of February 10, 2022, the company has 18,504,077 issued shares (excluding treasury stock) and 6,482,522 treasury shares. Reported Earnings • Nov 10
Second quarter 2022 earnings released: EPS JP¥53.33 (vs JP¥59.46 in 2Q 2021) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2022 results: Revenue: JP¥16.8b (up 3.7% from 2Q 2021). Net income: JP¥1.02b (down 10% from 2Q 2021). Profit margin: 6.1% (down from 7.0% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥21.50 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 07 December 2021. Trailing yield: 0.6%. Lower than top quartile of Japanese dividend payers (3.0%). Lower than average of industry peers (2.4%). Valuation Update With 7 Day Price Move • Sep 14
Investor sentiment improved over the past week After last week's 16% share price gain to JP¥6,900, the stock trades at a trailing P/E ratio of 23x. Average trailing P/E is 9x in the Basic Materials industry in Japan. Total returns to shareholders of 143% over the past three years. Valuation Update With 7 Day Price Move • Aug 23
Investor sentiment improved over the past week After last week's 16% share price gain to JP¥5,590, the stock trades at a trailing P/E ratio of 18.6x. Average trailing P/E is 9x in the Basic Materials industry in Japan. Total returns to shareholders of 92% over the past three years. Reported Earnings • Aug 13
First quarter 2022 earnings released: EPS JP¥96.90 (vs JP¥77.12 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥19.9b (up 17% from 1Q 2021). Net income: JP¥1.86b (up 26% from 1Q 2021). Profit margin: 9.3% (up from 8.7% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 18
Full year 2021 earnings released: EPS JP¥280 (vs JP¥289 in FY 2020) The company reported a soft full year result with weaker earnings and revenues, although profit margins were improved. Full year 2021 results: Revenue: JP¥68.9b (down 8.2% from FY 2020). Net income: JP¥5.38b (down 4.3% from FY 2020). Profit margin: 7.8% (up from 7.5% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥26.50 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 19 June 2021. Trailing yield: 0.8%. Lower than top quartile of Japanese dividend payers (2.7%). Lower than average of industry peers (2.2%). Valuation Update With 7 Day Price Move • Feb 26
Investor sentiment deteriorated over the past week After last week's 15% share price decline to JP¥4,525, the stock is trading at a trailing P/E ratio of 15.7x, down from the previous P/E ratio of 18.5x. This compares to an average P/E of 10x in the Basic Materials industry in Japan. Total returns to shareholders over the past three years are 88%. Reported Earnings • Feb 17
Third quarter 2021 earnings released: EPS JP¥84.91 (vs JP¥78.10 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¥17.9b (down 6.0% from 3Q 2020). Net income: JP¥1.63b (up 7.9% from 3Q 2020). Profit margin: 9.1% (up from 7.9% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Feb 05
New 90-day high: JP¥5,030 The company is up 2.0% from its price of JP¥4,955 on 06 November 2020. The Japanese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is up 8.0% over the same period. Annonce • Dec 23
Mitani Sekisan Co., Ltd. to Report Q3, 2021 Results on Jan 19, 2021 Mitani Sekisan Co., Ltd. announced that they will report Q3, 2021 results on Jan 19, 2021 Is New 90 Day High Low • Dec 01
New 90-day low: JP¥4,115 The company is down 27% from its price of JP¥5,640 on 02 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is up 1.0% over the same period. Annonce • Oct 08
Mitani Sekisan Co., Ltd. to Report Q2, 2021 Results on Nov 09, 2020 Mitani Sekisan Co., Ltd. announced that they will report Q2, 2021 results on Nov 09, 2020 Annonce • Aug 24
Mitani Sekisan Co., Ltd. to Report Q1, 2021 Results on Aug 13, 2020 Mitani Sekisan Co., Ltd. announced that they will report Q1, 2021 results on Aug 13, 2020