New Risk • Aug 19
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 9.4% 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. This is currently the only risk that has been identified for the company. Buy Or Sell Opportunity • Aug 18
Now 25% undervalued Over the last 90 days, the stock has risen 43% to JP¥4,145. The fair value is estimated to be JP¥5,499, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 5.2%. Revenue is forecast to grow by 23% in 2 years. Earnings are forecast to grow by 46% in the next 2 years. Reported Earnings • Aug 13
First quarter 2027 earnings released: EPS: JP¥79.63 (vs JP¥54.81 in 1Q 2026) First quarter 2027 results: EPS: JP¥79.63 (up from JP¥54.81 in 1Q 2026). Revenue: JP¥17.9b (up 13% from 1Q 2026). Net income: JP¥1.48b (up 41% from 1Q 2026). Profit margin: 8.3% (up from 6.6% in 1Q 2026). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to JP¥4,225, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 16x in the Electronic industry in Japan. Total returns to shareholders of 118% over the past three years. Declared Dividend • Jul 25
Final dividend of JP¥30.00 announced Shareholders will receive a dividend of JP¥30.00. Ex-date: 29th September 2026 Payment date: 1st December 2026 Dividend yield will be 1.5%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (18% earnings payout ratio) and cash flows (18% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 32% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Jul 08
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥3,875, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 16x in the Electronic industry in Japan. Total returns to shareholders of 99% over the past three years. Annonce • Jul 03
Nagano Keiki Co., Ltd. to Report Q1, 2027 Results on Aug 12, 2026 Nagano Keiki Co., Ltd. announced that they will report Q1, 2027 results on Aug 12, 2026 Valuation Update With 7 Day Price Move • Jun 18
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to JP¥4,540, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 17x in the Electronic industry in Japan. Total returns to shareholders of 134% over the past three years. Valuation Update With 7 Day Price Move • Jun 03
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to JP¥3,655, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 18x in the Electronic industry in Japan. Total returns to shareholders of 108% over the past three years. New Risk • May 29
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 7.2% 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. Reported Earnings • May 15
Full year 2026 earnings: EPS and revenues exceed analyst expectations Full year 2026 results: EPS: JP¥286 (down from JP¥317 in FY 2025). Revenue: JP¥67.7b (down 2.7% from FY 2025). Net income: JP¥5.40b (down 11% from FY 2025). Profit margin: 8.0% (down from 8.7% in FY 2025). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) also surpassed analyst estimates by 2.1%. Revenue is forecast to grow 7.4% p.a. on average during the next 2 years, compared to a 7.9% growth forecast for the Electronic industry in Japan. 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 24% per year, which means it is tracking significantly ahead of earnings growth. Annonce • May 13
Nagano Keiki Co., Ltd., Annual General Meeting, Jun 26, 2026 Nagano Keiki Co., Ltd., Annual General Meeting, Jun 26, 2026. Annonce • May 10
Nagano Keiki Co., Ltd. to Report Fiscal Year 2026 Results on May 13, 2026 Nagano Keiki Co., Ltd. announced that they will report fiscal year 2026 results on May 13, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥26.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 30 June 2026. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%). Reported Earnings • Feb 11
Third quarter 2026 earnings released: EPS: JP¥60.58 (vs JP¥72.92 in 3Q 2025) Third quarter 2026 results: EPS: JP¥60.58 (down from JP¥72.92 in 3Q 2025). Revenue: JP¥17.1b (up 14% from 3Q 2025). Net income: JP¥1.14b (down 18% from 3Q 2025). Profit margin: 6.7% (down from 9.3% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Dec 26
Nagano Keiki Co., Ltd. to Report Q3, 2026 Results on Feb 10, 2026 Nagano Keiki Co., Ltd. announced that they will report Q3, 2026 results on Feb 10, 2026 Declared Dividend • Dec 02
First half dividend of JP¥24.00 announced Shareholders will receive a dividend of JP¥24.00. Ex-date: 30th March 2026 Payment date: 30th June 2026 Dividend yield will be 2.2%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (8% earnings payout ratio) and cash flows (19% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 42% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 15
Second quarter 2026 earnings released: EPS: JP¥62.54 (vs JP¥78.99 in 2Q 2025) Second quarter 2026 results: EPS: JP¥62.54 (down from JP¥78.99 in 2Q 2025). Revenue: JP¥16.5b (down 12% from 2Q 2025). Net income: JP¥1.20b (down 21% from 2Q 2025). Profit margin: 7.2% (down from 8.1% in 2Q 2025). Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 27% per year. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥24.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 01 December 2025. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%). Annonce • Sep 17
Nagano Keiki Co., Ltd. to Report Q2, 2026 Results on Nov 12, 2025 Nagano Keiki Co., Ltd. announced that they will report Q2, 2026 results on Nov 12, 2025 Annonce • Aug 28
Nagano Keiki Co., Ltd. has filed a Follow-on Equity Offering. Nagano Keiki Co., Ltd. has filed a Follow-on Equity Offering.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 1,708,700 Annonce • Aug 26
Nagano Keiki Co., Ltd. (TSE:7715) announces an Equity Buyback for 600,000 shares, representing 3.14% for ¥1,200 million. Nagano Keiki Co., Ltd. (TSE:7715) announces a share repurchase program. Under the program, the company will repurchase up to 600,000 shares, representing 3.1% for ¥12,00 million. The shares will be repurchased at a price of ¥2,000 per share. The purpose is to enhance shareholder returns and improve capital efficiency, and to mitigate the impact on the supply and demand of the company's shares resulting from the public offering of common shares resolved by the board of directors on the same date. The program is valid till January 30, 2026. As of August 26, 2025, the company has 19,103,035 shares (excluding treasury stock) issued and 329,949 shares in treasury. Reported Earnings • Aug 13
First quarter 2026 earnings released: EPS: JP¥54.81 (vs JP¥77.50 in 1Q 2025) First quarter 2026 results: EPS: JP¥54.81 (down from JP¥77.50 in 1Q 2025). Revenue: JP¥15.9b (down 11% from 1Q 2025). Net income: JP¥1.05b (down 29% from 1Q 2025). Profit margin: 6.6% (down from 8.3% in 1Q 2025). Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Electronic 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 only increased by 22% per year, which means it is significantly lagging earnings growth. Annonce • Jul 09
Nagano Keiki Co., Ltd. to Report Q1, 2026 Results on Aug 12, 2025 Nagano Keiki Co., Ltd. announced that they will report Q1, 2026 results on Aug 12, 2025 Declared Dividend • Jul 09
Final dividend of JP¥24.00 announced Shareholders will receive a dividend of JP¥24.00. Ex-date: 29th September 2025 Payment date: 1st December 2025 Dividend yield will be 2.5%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (13% earnings payout ratio) and cash flows (26% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 20% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Major Estimate Revision • May 23
Consensus EPS estimates fall by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from JP¥73.4b to JP¥67.0b. EPS estimate also fell from JP¥309 per share to JP¥272 per share. Net income forecast to shrink 14% next year vs 10% growth forecast for Electronic industry in Japan . Consensus price target down from JP¥5,000 to JP¥4,400. Share price was steady at JP¥1,832 over the past week. Reported Earnings • May 13
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: JP¥317 (up from JP¥284 in FY 2024). Revenue: JP¥69.5b (up 2.4% from FY 2024). Net income: JP¥6.05b (up 12% from FY 2024). Profit margin: 8.7% (up from 8.0% in FY 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) exceeded analyst estimates by 9.1%. Revenue is forecast to grow 7.0% p.a. on average during the next 2 years, compared to a 6.3% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Annonce • May 12
Nagano Keiki Co., Ltd., Annual General Meeting, Jun 27, 2025 Nagano Keiki Co., Ltd., Annual General Meeting, Jun 27, 2025. New Risk • Apr 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 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). Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥1,561, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 10x in the Electronic industry in Japan. Total returns to shareholders of 48% over the past three years. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥22.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 27 June 2025. Payout ratio is a comfortable 6.0% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.7%). Annonce • Mar 04
Nagano Keiki Co., Ltd. to Report Fiscal Year 2025 Results on May 12, 2025 Nagano Keiki Co., Ltd. announced that they will report fiscal year 2025 results on May 12, 2025 Reported Earnings • Feb 12
Third quarter 2025 earnings released: EPS: JP¥72.92 (vs JP¥72.40 in 3Q 2024) Third quarter 2025 results: EPS: JP¥72.92 (up from JP¥72.40 in 3Q 2024). Revenue: JP¥15.0b (down 17% from 3Q 2024). Net income: JP¥1.39b (flat on 3Q 2024). Profit margin: 9.3% (up from 7.7% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Electronic industry in Japan. 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 16% per year, which means it is significantly lagging earnings growth. Annonce • Feb 08
Nagano Keiki Co., Ltd. to Report Q3, 2025 Results on Feb 10, 2025 Nagano Keiki Co., Ltd. announced that they will report Q3, 2025 results on Feb 10, 2025 Declared Dividend • Nov 30
First half dividend of JP¥22.00 announced Shareholders will receive a dividend of JP¥22.00. Ex-date: 28th March 2025 Payment date: 27th June 2025 Dividend yield will be 1.9%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (6% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 33% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annonce • Sep 26
Nagano Keiki Co., Ltd. to Report Q2, 2025 Results on Nov 13, 2024 Nagano Keiki Co., Ltd. announced that they will report Q2, 2025 results on Nov 13, 2024 Upcoming Dividend • Sep 20
Upcoming dividend of JP¥22.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 29 November 2024. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.5%). Reported Earnings • Aug 14
First quarter 2025 earnings released: EPS: JP¥76.01 (vs JP¥68.01 in 1Q 2024) First quarter 2025 results: EPS: JP¥76.01 (up from JP¥68.01 in 1Q 2024). Revenue: JP¥16.9b (up 3.9% from 1Q 2024). Net income: JP¥1.45b (up 12% from 1Q 2024). Profit margin: 8.6% (up from 8.0% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 28% After last week's 28% share price decline to JP¥2,058, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 12x in the Electronic industry in Japan. Total returns to shareholders of 108% over the past three years. Declared Dividend • Jul 11
Final dividend of JP¥22.00 announced Shareholders will receive a dividend of JP¥22.00. Ex-date: 27th September 2024 Payment date: 29th November 2024 Dividend yield will be 1.3%, which is lower than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (12% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 43% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annonce • Jul 10
Nagano Keiki Co., Ltd. to Report Q1, 2025 Results on Aug 09, 2024 Nagano Keiki Co., Ltd. announced that they will report Q1, 2025 results on Aug 09, 2024 Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥3,450, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 14x in the Electronic industry in Japan. Total returns to shareholders of 248% over the past three years. Reported Earnings • May 12
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: JP¥284 (up from JP¥179 in FY 2023). Revenue: JP¥67.9b (up 12% from FY 2023). Net income: JP¥5.41b (up 59% from FY 2023). Profit margin: 8.0% (up from 5.6% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 13%. Revenue is forecast to grow 3.0% p.a. on average during the next 2 years, compared to a 7.1% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Annonce • May 12
Nagano Keiki Co., Ltd., Annual General Meeting, Jun 26, 2024 Nagano Keiki Co., Ltd., Annual General Meeting, Jun 26, 2024. Annonce • Apr 05
Nagano Keiki Co., Ltd. to Report Fiscal Year 2024 Results on May 10, 2024 Nagano Keiki Co., Ltd. announced that they will report fiscal year 2024 results on May 10, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥22.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.4%). Reported Earnings • Feb 10
Third quarter 2024 earnings released: EPS: JP¥72.39 (vs JP¥47.11 in 3Q 2023) Third quarter 2024 results: EPS: JP¥72.39 (up from JP¥47.11 in 3Q 2023). Revenue: JP¥18.0b (up 7.9% from 3Q 2023). Net income: JP¥1.38b (up 54% from 3Q 2023). Profit margin: 7.7% (up from 5.4% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 48% 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 • Jan 19
Now 20% overvalued Over the last 90 days, the stock has fallen 10% to JP¥2,071. The fair value is estimated to be JP¥1,721, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 46%. Revenue is forecast to grow by 10% in 2 years. Earnings are forecast to grow by 4.0% in the next 2 years. Annonce • Dec 14
Nagano Keiki Co., Ltd. to Report Q3, 2024 Results on Feb 09, 2024 Nagano Keiki Co., Ltd. announced that they will report Q3, 2024 results on Feb 09, 2024 Reported Earnings • Nov 10
Second quarter 2024 earnings released: EPS: JP¥69.93 (vs JP¥38.71 in 2Q 2023) Second quarter 2024 results: EPS: JP¥69.93 (up from JP¥38.71 in 2Q 2023). Revenue: JP¥18.1b (up 13% from 2Q 2023). Net income: JP¥1.33b (up 81% from 2Q 2023). Profit margin: 7.4% (up from 4.6% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth. Board Change • Oct 14
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. 3 experienced directors. 2 highly experienced directors. 2 independent directors (3 non-independent directors). President, CEO & Director Masatsugu Sato is the most experienced director on the board, commencing their role in 2012. Independent Outside Director Yoshiyuki Terashima was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. New Risk • Oct 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 7.3% 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Oct 04
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥2,246, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 13x in the Electronic industry in Japan. Total returns to shareholders of 180% over the past three years. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥18.00 per share at 1.4% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 29 November 2023. Payout ratio is a comfortable 14% but the company is paying out more than the cash it is generating. Trailing yield: 1.4%. Lower than top quartile of Japanese dividend payers (3.3%). In line with average of industry peers (1.4%). Annonce • Aug 30
Nagano Keiki Co., Ltd. to Report Q2, 2024 Results on Nov 09, 2023 Nagano Keiki Co., Ltd. announced that they will report Q2, 2024 results on Nov 09, 2023 Reported Earnings • Aug 10
First quarter 2024 earnings released: EPS: JP¥68.01 (vs JP¥25.95 in 1Q 2023) First quarter 2024 results: EPS: JP¥68.01 (up from JP¥25.95 in 1Q 2023). Revenue: JP¥16.3b (up 19% from 1Q 2023). Net income: JP¥1.30b (up 162% from 1Q 2023). Profit margin: 8.0% (up from 3.6% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 39% per year whereas the company’s share price has increased by 38% per year. Valuation Update With 7 Day Price Move • Aug 10
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥2,379, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 13x in the Electronic industry in Japan. Total returns to shareholders of 186% over the past three years. New Risk • Jul 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 7.7% 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 (7.7% average weekly change). Minor Risk Dividend is not well covered by cash flows (221% cash payout ratio). Annonce • Jun 23
Nagano Keiki Co., Ltd. to Report Q1, 2024 Results on Aug 09, 2023 Nagano Keiki Co., Ltd. announced that they will report Q1, 2024 results on Aug 09, 2023 Reported Earnings • May 16
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: JP¥179 (up from JP¥132 in FY 2022). Revenue: JP¥60.5b (up 10% from FY 2022). Net income: JP¥3.41b (up 36% from FY 2022). Profit margin: 5.6% (up from 4.6% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 20%. Revenue is forecast to grow 5.4% p.a. on average during the next 2 years, compared to a 6.4% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 15
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to JP¥1,618, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 11x in the Electronic industry in Japan. Total returns to shareholders of 82% over the past three years. Annonce • May 14
Nagano Keiki Co., Ltd., Annual General Meeting, Jun 29, 2023 Nagano Keiki Co., Ltd., Annual General Meeting, Jun 29, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥16.00 per share at 2.6% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 7.9% but the company is paying out more than the cash it is generating. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%). Reported Earnings • Feb 15
Third quarter 2023 earnings released: EPS: JP¥47.10 (vs JP¥29.26 in 3Q 2022) Third quarter 2023 results: EPS: JP¥47.10 (up from JP¥29.26 in 3Q 2022). Revenue: JP¥16.7b (up 21% from 3Q 2022). Net income: JP¥897.0m (up 61% from 3Q 2022). Profit margin: 5.4% (up from 4.0% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Annonce • Dec 11
Nagano Keiki Co., Ltd. to Report Q3, 2023 Results on Feb 14, 2023 Nagano Keiki Co., Ltd. announced that they will report Q3, 2023 results on Feb 14, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: JP¥38.71 (vs JP¥34.20 in 2Q 2022) Second quarter 2023 results: EPS: JP¥38.71 (up from JP¥34.20 in 2Q 2022). Revenue: JP¥16.1b (up 18% from 2Q 2022). Net income: JP¥737.0m (up 13% from 2Q 2022). Profit margin: 4.6% (down from 4.8% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 8 experienced directors. 3 highly experienced directors. 2 independent directors (8 non-independent directors). Independent Outside Director Yoshiyuki Terashima was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 13
Second quarter 2023 earnings released: EPS: JP¥38.71 (vs JP¥34.20 in 2Q 2022) Second quarter 2023 results: EPS: JP¥38.71 (up from JP¥34.20 in 2Q 2022). Revenue: JP¥16.1b (up 18% from 2Q 2022). Net income: JP¥737.0m (up 13% from 2Q 2022). Profit margin: 4.6% (down from 4.8% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥16.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 29 November 2022. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.6%). Annonce • Sep 07
Nagano Keiki Co., Ltd. to Report Q2, 2023 Results on Nov 11, 2022 Nagano Keiki Co., Ltd. announced that they will report Q2, 2023 results on Nov 11, 2022 Reported Earnings • Aug 12
First quarter 2023 earnings released: EPS: JP¥25.95 (vs JP¥28.15 in 1Q 2022) First quarter 2023 results: EPS: JP¥25.95 (down from JP¥28.15 in 1Q 2022). Revenue: JP¥13.7b (up 6.6% from 1Q 2022). Net income: JP¥494.0m (down 7.8% from 1Q 2022). Profit margin: 3.6% (down from 4.2% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 8.6%, compared to a 9.7% growth forecast for the industry in Japan. 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 19% per year, which means it is significantly lagging earnings growth. Annonce • Jul 07
Nagano Keiki Co., Ltd. to Report Q1, 2023 Results on Aug 10, 2022 Nagano Keiki Co., Ltd. announced that they will report Q1, 2023 results on Aug 10, 2022 Reported Earnings • May 16
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: EPS: JP¥132 (up from JP¥44.98 in FY 2021). Revenue: JP¥55.0b (up 23% from FY 2021). Net income: JP¥2.51b (up 191% from FY 2021). Profit margin: 4.6% (up from 1.9% in FY 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) missed analyst estimates by 3.3%. Over the next year, revenue is forecast to grow 4.6%, compared to a 8.2% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 18% per year. Annonce • May 15
Nagano Keiki Co., Ltd., Annual General Meeting, Jun 29, 2022 Nagano Keiki Co., Ltd., Annual General Meeting, Jun 29, 2022. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 8 experienced directors. 3 highly experienced directors. 2 independent directors (9 non-independent directors). Independent Outside Director Yoshiyuki Terashima was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Annonce • Apr 08
Nagano Keiki Co., Ltd. to Report Fiscal Year 2022 Results on May 13, 2022 Nagano Keiki Co., Ltd. announced that they will report fiscal year 2022 results on May 13, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥18.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 30 June 2022. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.3%). Reported Earnings • Feb 20
Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2022 results: EPS: JP¥29.26 (up from JP¥24.73 in 3Q 2021). Revenue: JP¥13.9b (up 24% from 3Q 2021). Net income: JP¥557.0m (up 17% from 3Q 2021). Profit margin: 4.0% (down from 4.3% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) missed analyst estimates by 21%. Over the next year, revenue is forecast to grow 8.3%, compared to a 7.6% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Nov 19
Investor sentiment improved over the past week After last week's 27% share price gain to JP¥1,819, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 13x in the Electronic industry in Japan. Total returns to shareholders of 108% over the past three years. Reported Earnings • Nov 15
Second quarter 2022 earnings released: EPS JP¥34.20 (vs JP¥3.53 loss in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥13.7b (up 31% from 2Q 2021). Net income: JP¥651.0m (up JP¥719.0m from 2Q 2021). Profit margin: 4.8% (up from net loss in 2Q 2021). The move to profitability 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 increased by 15% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Oct 12
Investor sentiment improved over the past week After last week's 17% share price gain to JP¥1,355, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 13x in the Electronic industry in Japan. Total returns to shareholders of 46% over the past three years. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment improved over the past week After last week's 15% share price gain to JP¥1,321, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 14x in the Electronic industry in Japan. Total returns to shareholders of 23% over the past three years. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥11.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 30 November 2021. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (1.0%). Reported Earnings • Aug 13
First quarter 2022 earnings released: EPS JP¥28.15 (vs JP¥4.73 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥12.8b (up 15% from 1Q 2021). Net income: JP¥536.0m (up 489% from 1Q 2021). Profit margin: 4.2% (up from 0.8% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 38% 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. Reported Earnings • May 14
Full year 2021 earnings released: EPS JP¥44.98 (vs JP¥82.17 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥44.8b (down 8.7% from FY 2020). Net income: JP¥865.0m (down 46% from FY 2020). Profit margin: 1.9% (down from 3.2% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 39% 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. Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment improved over the past week After last week's 17% share price gain to JP¥1,260, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 16x in the Electronic industry in Japan. Total returns to shareholders of 7.4% over the past three years. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥11.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 29 June 2021. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.1%).