Reported Earnings • May 09
Full year 2026 earnings released: EPS: JP¥110 (vs JP¥88.13 in FY 2025) Full year 2026 results: EPS: JP¥110 (up from JP¥88.13 in FY 2025). Revenue: JP¥17.1b (up 8.7% from FY 2025). Net income: JP¥1.34b (up 24% from FY 2025). Profit margin: 7.8% (up from 6.9% 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 10% per year and the company’s share price has also increased by 10% per year. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 29 June 2026. Payout ratio is a comfortable 26% but the company is paying out more than the cash it is generating. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.8%). New Risk • Mar 03
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥15.6b (US$98.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 10% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (136% cash payout ratio). Market cap is less than US$100m (JP¥15.6b market cap, or US$98.8m). Reported Earnings • Jan 31
Third quarter 2026 earnings released: EPS: JP¥35.47 (vs JP¥31.10 in 3Q 2025) Third quarter 2026 results: EPS: JP¥35.47 (up from JP¥31.10 in 3Q 2025). Revenue: JP¥4.69b (up 14% from 3Q 2025). Net income: JP¥432.0m (up 14% from 3Q 2025). Profit margin: 9.2% (in line with 3Q 2025). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Dec 11
Kunimine Industries Co., Ltd. to Report Q3, 2026 Results on Jan 30, 2026 Kunimine Industries Co., Ltd. announced that they will report Q3, 2026 results on Jan 30, 2026 Reported Earnings • Nov 02
Second quarter 2026 earnings released: EPS: JP¥18.89 (vs JP¥15.73 in 2Q 2025) Second quarter 2026 results: EPS: JP¥18.89 (up from JP¥15.73 in 2Q 2025). Revenue: JP¥3.99b (up 7.6% from 2Q 2025). Net income: JP¥230.0m (up 20% from 2Q 2025). Profit margin: 5.8% (up from 5.2% 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 7% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 26 November 2025. Payout ratio is a comfortable 45% but the company is not cash flow positive. Trailing yield: 3.4%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.7%). Annonce • Sep 02
Kunimine Industries Co., Ltd. to Report Q2, 2026 Results on Oct 30, 2025 Kunimine Industries Co., Ltd. announced that they will report Q2, 2026 results on Oct 30, 2025 Reported Earnings • Aug 02
First quarter 2026 earnings released: EPS: JP¥15.60 (vs JP¥14.73 in 1Q 2025) First quarter 2026 results: EPS: JP¥15.60 (up from JP¥14.73 in 1Q 2025). Revenue: JP¥3.72b (up 1.8% from 1Q 2025). Net income: JP¥190.0m (up 4.4% from 1Q 2025). Profit margin: 5.1% (in line with 1Q 2025). Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 7% per year. Annonce • May 31
Kunimine Industries Co., Ltd. to Report Q1, 2026 Results on Jul 31, 2025 Kunimine Industries Co., Ltd. announced that they will report Q1, 2026 results on Jul 31, 2025 Reported Earnings • May 11
Full year 2025 earnings released: EPS: JP¥88.13 (vs JP¥83.59 in FY 2024) Full year 2025 results: EPS: JP¥88.13 (up from JP¥83.59 in FY 2024). Revenue: JP¥15.7b (flat on FY 2024). Net income: JP¥1.08b (up 3.4% from FY 2024). Profit margin: 6.9% (up from 6.7% in FY 2024). Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 5% per year. Annonce • May 09
Kunimine Industries Co., Ltd., Annual General Meeting, Jun 26, 2025 Kunimine Industries Co., Ltd., Annual General Meeting, Jun 26, 2025. Annonce • Mar 27
Kunimine Industries Co., Ltd. to Report Fiscal Year 2025 Results on May 09, 2025 Kunimine Industries Co., Ltd. announced that they will report fiscal year 2025 results on May 09, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 27 June 2025. Payout ratio is a comfortable 48% and this is well supported by cash flows. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.8%). Reported Earnings • Feb 01
Third quarter 2025 earnings released: EPS: JP¥31.10 (vs JP¥24.60 in 3Q 2024) Third quarter 2025 results: EPS: JP¥31.10 (up from JP¥24.60 in 3Q 2024). Revenue: JP¥4.13b (down 3.3% from 3Q 2024). Net income: JP¥379.0m (up 24% from 3Q 2024). Profit margin: 9.2% (up from 7.2% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Annonce • Dec 04
Kunimine Industries Co., Ltd. to Report Q3, 2025 Results on Jan 31, 2025 Kunimine Industries Co., Ltd. announced that they will report Q3, 2025 results on Jan 31, 2025 Board Change • Nov 21
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 Shintaro Washisu was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 02
Second quarter 2025 earnings released: EPS: JP¥15.73 (vs JP¥20.44 in 2Q 2024) Second quarter 2025 results: EPS: JP¥15.73 (down from JP¥20.44 in 2Q 2024). Revenue: JP¥3.71b (flat on 2Q 2024). Net income: JP¥192.0m (down 25% from 2Q 2024). Profit margin: 5.2% (down from 6.8% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 14% 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. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 27 November 2024. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.9%). Annonce • Aug 28
Kunimine Industries Co., Ltd. to Report Q2, 2025 Results on Oct 31, 2024 Kunimine Industries Co., Ltd. announced that they will report Q2, 2025 results on Oct 31, 2024 Reported Earnings • Aug 02
First quarter 2025 earnings released: EPS: JP¥14.73 (vs JP¥17.39 in 1Q 2024) First quarter 2025 results: EPS: JP¥14.73 (down from JP¥17.39 in 1Q 2024). Revenue: JP¥3.65b (flat on 1Q 2024). Net income: JP¥182.0m (down 16% from 1Q 2024). Profit margin: 5.0% (down from 5.9% in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 18% 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. Reported Earnings • May 13
Full year 2024 earnings released: EPS: JP¥83.59 (vs JP¥66.16 in FY 2023) Full year 2024 results: EPS: JP¥83.59 (up from JP¥66.16 in FY 2023). Revenue: JP¥15.7b (up 2.3% from FY 2023). Net income: JP¥1.04b (up 24% from FY 2023). Profit margin: 6.7% (up from 5.5% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Annonce • May 12
Kunimine Industries Co., Ltd., Annual General Meeting, Jun 26, 2024 Kunimine Industries Co., Ltd., Annual General Meeting, Jun 26, 2024. Annonce • Mar 21
Kunimine Industries Co., Ltd. (TSE:5388) announces an Equity Buyback for 300,000 shares, representing 2.4% for ¥350 million. Kunimine Industries Co., Ltd. (TSE:5388) announces a share repurchase program. Under the program, the company will repurchase 300,000 shares, representing 2.40% of the outstanding shares, for ¥350 million. The purpose of the program is to improve capital efficiency and return profits to shareholders and also responding flexibly to changes in the business environment. The program is valid till July 31, 2024. As of February 29, 2024, the company had 12,478,513 shares outstanding and 1,971,487 shares in treasury. 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: 01 July 2024. Payout ratio is a comfortable 54% but the company is paying out more than the cash it is generating. Trailing yield: 4.8%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (2.4%). Annonce • Mar 10
Kunimine Industries Co., Ltd. to Report Fiscal Year 2024 Results on May 10, 2024 Kunimine Industries Co., Ltd. announced that they will report fiscal year 2024 results on May 10, 2024 Reported Earnings • Jan 27
Third quarter 2024 earnings released: EPS: JP¥24.60 (vs JP¥26.17 in 3Q 2023) Third quarter 2024 results: EPS: JP¥24.60 (down from JP¥26.17 in 3Q 2023). Revenue: JP¥4.27b (down 1.2% from 3Q 2023). Net income: JP¥307.0m (down 8.1% from 3Q 2023). Profit margin: 7.2% (down from 7.7% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Annonce • Dec 07
Kunimine Industries Co., Ltd. to Report Q3, 2024 Results on Jan 26, 2024 Kunimine Industries Co., Ltd. announced that they will report Q3, 2024 results on Jan 26, 2024 Reported Earnings • Oct 29
Second quarter 2024 earnings released: EPS: JP¥20.44 (vs JP¥18.89 in 2Q 2023) Second quarter 2024 results: EPS: JP¥20.44 (up from JP¥18.89 in 2Q 2023). Revenue: JP¥3.73b (flat on 2Q 2023). Net income: JP¥255.0m (up 5.8% from 2Q 2023). Profit margin: 6.8% (up from 6.5% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Annonce • Sep 07
Kunimine Industries Co., Ltd. to Report Q2, 2024 Results on Oct 27, 2023 Kunimine Industries Co., Ltd. announced that they will report Q2, 2024 results on Oct 27, 2023 Reported Earnings • Jul 29
First quarter 2024 earnings released: EPS: JP¥17.39 (vs JP¥0.86 in 1Q 2023) First quarter 2024 results: EPS: JP¥17.39 (up from JP¥0.86 in 1Q 2023). Revenue: JP¥3.67b (up 11% from 1Q 2023). Net income: JP¥217.0m (up JP¥206.0m from 1Q 2023). Profit margin: 5.9% (up from 0.3% in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Annonce • Jun 22
Kunimine Industries Co., Ltd. to Report Q1, 2024 Results on Jul 28, 2023 Kunimine Industries Co., Ltd. announced that they will report Q1, 2024 results on Jul 28, 2023 Reported Earnings • May 17
Full year 2023 earnings released: EPS: JP¥66.16 (vs JP¥101 in FY 2022) Full year 2023 results: EPS: JP¥66.16 (down from JP¥101 in FY 2022). Revenue: JP¥15.3b (flat on FY 2022). Net income: JP¥842.0m (down 35% from FY 2022). Profit margin: 5.5% (down from 8.5% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Annonce • May 14
Kunimine Industries Co., Ltd., Annual General Meeting, Jun 28, 2023 Kunimine Industries Co., Ltd., Annual General Meeting, Jun 28, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥40.00 per share at 3.2% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 43% but the company is not cash flow positive. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.8%). Reported Earnings • Feb 01
Third quarter 2023 earnings released: EPS: JP¥26.17 (vs JP¥36.74 in 3Q 2022) Third quarter 2023 results: EPS: JP¥26.17 (down from JP¥36.74 in 3Q 2022). Revenue: JP¥4.33b (up 4.0% from 3Q 2022). Net income: JP¥334.0m (down 30% from 3Q 2022). Profit margin: 7.7% (down from 11% in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 16% per year whereas the company’s share price has fallen by 14% per year. Annonce • Dec 07
Kunimine Industries Co., Ltd. to Report Q3, 2023 Results on Jan 31, 2023 Kunimine Industries Co., Ltd. announced that they will report Q3, 2023 results on Jan 31, 2023 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. 7 experienced directors. 3 highly experienced directors. No independent directors (10 non-independent directors). Managing Director, Manager of Bentonite Business Department and Director Toshio Kimura was the last director to join the board, commencing their role in 2014. 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 02
Second quarter 2023 earnings released: EPS: JP¥18.89 (vs JP¥20.70 in 2Q 2022) Second quarter 2023 results: EPS: JP¥18.89 (down from JP¥20.70 in 2Q 2022). Revenue: JP¥3.72b (up 4.1% from 2Q 2022). Net income: JP¥241.0m (down 9.7% from 2Q 2022). Profit margin: 6.5% (down from 7.5% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 8% per year. Annonce • Nov 02
Kunimine Industries Co., Ltd. (TSE:5388) announces an Equity Buyback for 450,000 shares, representing 3.51% for ¥360 million. Kunimine Industries Co., Ltd. (TSE:5388) announces a share repurchase program. Under the program, the company will repurchase 450,000 shares, representing 3.51% of the outstanding shares, for ¥360 million. The purpose of the program is to o improve capital efficiency by executing a flexible capital policy, comprehensively considering our stock price level, cash on hand, business environment, etc. The program is valid till March 31, 2023. As of September 30, 2022, the company had 12,804,605 shares outstanding and 1,645,395 shares in treasury. Annonce • Sep 02
Kunimine Industries Co., Ltd. to Report Q2, 2023 Results on Oct 31, 2022 Kunimine Industries Co., Ltd. announced that they will report Q2, 2023 results on Oct 31, 2022 Reported Earnings • Jul 31
First quarter 2023 earnings released: EPS: JP¥0.86 (vs JP¥20.23 in 1Q 2022) First quarter 2023 results: EPS: JP¥0.86 (down from JP¥20.23 in 1Q 2022). Revenue: JP¥3.31b (down 7.4% from 1Q 2022). Net income: JP¥11.0m (down 96% from 1Q 2022). Profit margin: 0.3% (down from 7.3% in 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has increased by 1% per year. Annonce • Jun 08
Kunimine Industries Co., Ltd. to Report Q1, 2023 Results on Jul 29, 2022 Kunimine Industries Co., Ltd. announced that they will report Q1, 2023 results on Jul 29, 2022 Reported Earnings • May 11
Full year 2022 earnings released: EPS: JP¥101 (vs JP¥130 in FY 2021) Full year 2022 results: EPS: JP¥101 (down from JP¥130 in FY 2021). Revenue: JP¥15.3b (up 4.6% from FY 2021). Net income: JP¥1.30b (down 23% from FY 2021). Profit margin: 8.5% (down from 12% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year and the company’s share price has also increased by 4% per year. Annonce • May 08
Kunimine Industries Co., Ltd., Annual General Meeting, Jun 29, 2022 Kunimine Industries Co., Ltd., Annual General Meeting, Jun 29, 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. 8 experienced directors. 2 highly experienced directors. No independent directors (10 non-independent directors). Managing Director, Manager of Bentonite Business Department and Director Toshio Kimura was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Annonce • Apr 08
Kunimine Industries Co., Ltd. to Report Fiscal Year 2022 Results on May 06, 2022 Kunimine Industries Co., Ltd. announced that they will report fiscal year 2022 results on May 06, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 30 June 2022. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (2.7%). Reported Earnings • Feb 02
Third quarter 2022 earnings: EPS and revenues exceed analyst expectations Third quarter 2022 results: EPS: JP¥36.74 (down from JP¥50.46 in 3Q 2021). Revenue: JP¥4.16b (down 3.4% from 3Q 2021). Net income: JP¥474.0m (down 27% from 3Q 2021). Profit margin: 11% (down from 15% in 3Q 2021). Revenue exceeded analyst estimates by 4.7%. Earnings per share (EPS) also surpassed analyst estimates by 18%. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 8% per year. Reported Earnings • Oct 31
First half 2022 earnings released: EPS JP¥40.93 (vs JP¥39.69 in 1H 2021) The company reported a solid first half result with improved earnings and revenues, although profit margins were weaker. First half 2022 results: Revenue: JP¥7.15b (up 14% from 1H 2021). Net income: JP¥528.0m (up 3.1% from 1H 2021). Profit margin: 7.4% (down from 8.1% in 1H 2021). The decrease in margin was driven by higher expenses. 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 4% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 03
First quarter 2022 earnings released: EPS JP¥20.23 (vs JP¥16.90 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥3.58b (up 14% from 1Q 2021). Net income: JP¥261.0m (up 20% from 1Q 2021). Profit margin: 7.3% (up from 7.0% 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 13% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 09
Full year 2021 earnings released: EPS JP¥130 (vs JP¥122 in FY 2020) The company reported a mediocre full year result with weaker revenues, although profit margins were flat and earnings improved. Full year 2021 results: Revenue: JP¥14.6b (down 5.5% from FY 2020). Net income: JP¥1.68b (up 2.0% from FY 2020). Profit margin: 12% (in line with FY 2020). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 29 June 2021. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (2.7%). In line with average of industry peers (2.2%). Annonce • Mar 04
Kunimine Industries Co., Ltd. to Report Fiscal Year 2021 Results on May 07, 2021 Kunimine Industries Co., Ltd. announced that they will report fiscal year 2021 results on May 07, 2021 Reported Earnings • Feb 03
Third quarter 2021 earnings released: EPS JP¥50.46 (vs JP¥45.19 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: JP¥4.31b (up 3.8% from 3Q 2020). Net income: JP¥651.0m (up 11% from 3Q 2020). Profit margin: 15% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 10% per year. Is New 90 Day High Low • Feb 03
New 90-day high: JP¥1,300 The company is up 19% from its price of JP¥1,096 on 05 November 2020. The Japanese market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Basic Materials industry, which is up 6.0% over the same period. Valuation Update With 7 Day Price Move • Jan 07
Investor sentiment improved over the past week After last week's 15% share price gain to JP¥1,257, the stock is trading at a trailing P/E ratio of 10.3x, up from the previous P/E ratio of 8.9x. This compares to an average P/E of 9x in the Basic Materials industry in Japan. Total returns to shareholders over the past three years are 31%. Is New 90 Day High Low • Jan 05
New 90-day high: JP¥1,175 The company is up 11% from its price of JP¥1,056 on 07 October 2020. The Japanese market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Basic Materials industry, which is down 4.0% over the same period. Annonce • Dec 05
Kunimine Industries Co., Ltd. to Report Q3, 2021 Results on Jan 29, 2021 Kunimine Industries Co., Ltd. announced that they will report Q3, 2021 results on Jan 29, 2021 Price Target Changed • Dec 01
Price target raised to JP¥2,270 Up from JP¥1,400, the current price target is provided by 1 analyst. The new target price is 108% above the current share price of JP¥1,091. As of last close, the stock is down 8.2% over the past year. Annonce • Sep 04
Kunimine Industries Co., Ltd. to Report Q2, 2021 Results on Oct 30, 2020 Kunimine Industries Co., Ltd. announced that they will report Q2, 2021 results on Oct 30, 2020 Annonce • Jun 29
Kunimine Industries Co., Ltd. to Report Q1, 2021 Results on Jul 31, 2020 Kunimine Industries Co., Ltd. announced that they will report Q1, 2021 results on Jul 31, 2020 
