Declared Dividend • Jun 12
Final dividend of JP¥55.00 announced Shareholders will receive a dividend of JP¥55.00. Ex-date: 28th August 2026 Payment date: 28th October 2026 Dividend yield will be 4.9%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by both earnings (74% earnings payout ratio) and cash flows (75% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 13% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Annonce • May 10
AIT Corporation to Report Q1, 2027 Results on Jul 15, 2026 AIT Corporation announced that they will report Q1, 2027 results on Jul 15, 2026 Reported Earnings • Apr 15
Full year 2026 earnings released: EPS: JP¥135 (vs JP¥130 in FY 2025) Full year 2026 results: EPS: JP¥135 (up from JP¥130 in FY 2025). Revenue: JP¥58.4b (up 5.0% from FY 2025). Net income: JP¥3.18b (up 4.2% from FY 2025). Profit margin: 5.4% (down from 5.5% in FY 2025). The decrease in margin was driven by higher expenses. 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 12% per year, which means it is well ahead of earnings. Annonce • Apr 14
AIT Corporation, Annual General Meeting, May 21, 2026 AIT Corporation, Annual General Meeting, May 21, 2026. Annonce • Apr 07
AIT Corporation to Report Fiscal Year 2026 Results on Apr 14, 2026 AIT Corporation announced that they will report fiscal year 2026 results on Apr 14, 2026 Upcoming Dividend • Feb 19
Upcoming dividend of JP¥55.00 per share Eligible shareholders must have bought the stock before 26 February 2026. Payment date: 22 May 2026. Payout ratio is a comfortable 65% and the cash payout ratio is 77%. Trailing yield: 4.8%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (2.7%). Reported Earnings • Jan 15
Third quarter 2026 earnings released: EPS: JP¥38.01 (vs JP¥41.59 in 3Q 2025) Third quarter 2026 results: EPS: JP¥38.01 (down from JP¥41.59 in 3Q 2025). Revenue: JP¥15.9b (flat on 3Q 2025). Net income: JP¥893.0m (down 8.6% from 3Q 2025). Profit margin: 5.6% (down from 6.2% in 3Q 2025). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Annonce • Jan 14
AIT Corporation Revises Dividend Guidance for the Fiscal Year Ending February 28, 2026 AIT Corporation revised dividend guidance for the fiscal year ending February 28, 2026. For the year, the company now expects to pay dividend of JPY 55.00 per share against previous guidance of JPY 45.00 per share.
Reason for the Revision The AIT Group recognizes the return of profits to shareholders as an important management priority. It is the company's basic policy to provide dividends twice a year, at the interim and fiscal year-end, on a stable and consistent basis, while taking into comprehensive consideration consolidated results of operations for each fiscal period, dividend payout ratio, and the need to retain earnings for future business development in Japan and overseas as well as for strengthening management foundation. Under this policy, the Company has decided to revise the year-end dividend forecast to JPY 55 per share, representing an increase of JPY 10 from the previous forecast of JPY 45 per share, taking into account the progress of consolidated operating results, consolidated financial position, and future business developments, in order to further enhance shareholder returns through dividends and meet shareholders' expectations. Annonce • Nov 01
AIT Corporation to Report Q3, 2026 Results on Jan 14, 2026 AIT Corporation announced that they will report Q3, 2026 results on Jan 14, 2026 Declared Dividend • Oct 29
First half dividend of JP¥45.00 announced Shareholders will receive a dividend of JP¥45.00. Ex-date: 26th February 2026 Payment date: 22nd May 2026 Dividend yield will be 4.5%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by both earnings (63% earnings payout ratio) and cash flows (63% 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. Earnings per share has grown by 18% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Oct 27
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 13% to JP¥2,086. The fair value is estimated to be JP¥1,737, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 9.0% over the last 3 years. Earnings per share has declined by 5.6%. Reported Earnings • Oct 11
Second quarter 2026 earnings released: EPS: JP¥32.26 (vs JP¥31.88 in 2Q 2025) Second quarter 2026 results: EPS: JP¥32.26 (up from JP¥31.88 in 2Q 2025). Revenue: JP¥13.5b (up 1.7% from 2Q 2025). Net income: JP¥758.0m (up 1.2% from 2Q 2025). Profit margin: 5.6% (in line with 2Q 2025). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Annonce • Oct 10
AIT Corporation Announces Interim Dividend for the End of Second Quarter of Fiscal Year Ending February 28, 2026, Payable on October 28, 2025; Provides Dividend Guidance for the Full Year Ending February 28, 2026 AIT Corporation announced interim dividend of JPY 45.00 per share for the end of second quarter of fiscal year ending February 28, 2026 compared to JPY 40.00 per share a year ago. Total amount of dividends: JPY 1,057 million. Record date: August 31,2025. Effective date: October 28, 2025.
The company provided dividend guidance for the full year ending February 28, 2026. For the period, the company expects to pay dividend of JPY 45.00 per share compared to JPY 40.00 per share a year ago. Upcoming Dividend • Aug 21
Upcoming dividend of JP¥45.00 per share Eligible shareholders must have bought the stock before 28 August 2025. Payment date: 28 October 2025. Payout ratio is a comfortable 60% and this is well supported by cash flows. Trailing yield: 4.5%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.6%). Annonce • Jul 26
AIT Corporation to Report Q2, 2026 Results on Oct 10, 2025 AIT Corporation announced that they will report Q2, 2026 results on Oct 10, 2025 Reported Earnings • Jul 16
First quarter 2026 earnings released: EPS: JP¥37.03 (vs JP¥32.39 in 1Q 2025) First quarter 2026 results: EPS: JP¥37.03 (up from JP¥32.39 in 1Q 2025). Revenue: JP¥14.7b (up 14% from 1Q 2025). Net income: JP¥870.0m (up 14% from 1Q 2025). Profit margin: 5.9% (in line with 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 1% per year. Declared Dividend • Jun 18
Final dividend increased to JP¥45.00 Dividend of JP¥45.00 is 13% higher than last year. Ex-date: 28th August 2025 Payment date: 28th October 2025 Dividend yield will be 4.8%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by both earnings (62% earnings payout ratio) and cash flows (67% 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. Earnings per share has grown by 19% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Jun 13
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 8.3% to JP¥1,754. The fair value is estimated to be JP¥1,458, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 9.2% over the last 3 years, while earnings per share has been flat. Buy Or Sell Opportunity • May 29
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 11% to JP¥1,746. The fair value is estimated to be JP¥1,453, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 9.2% over the last 3 years, while earnings per share has been flat. Buy Or Sell Opportunity • May 09
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 3.4% to JP¥1,747. The fair value is estimated to be JP¥1,453, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 9.2% over the last 3 years, while earnings per share has been flat. Annonce • Apr 26
AIT Corporation to Report Q1, 2026 Results on Jul 15, 2025 AIT Corporation announced that they will report Q1, 2026 results on Jul 15, 2025 Reported Earnings • Apr 15
Full year 2025 earnings released: EPS: JP¥130 (vs JP¥127 in FY 2024) Full year 2025 results: EPS: JP¥130 (up from JP¥127 in FY 2024). Revenue: JP¥55.6b (up 8.2% from FY 2024). Net income: JP¥3.05b (up 1.9% from FY 2024). Profit margin: 5.5% (down from 5.8% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 4% per year. Upcoming Dividend • Feb 20
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 27 February 2025. Payment date: 23 May 2025. Payout ratio is a comfortable 63% and this is well supported by cash flows. Trailing yield: 4.8%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (3.1%). Annonce • Feb 03
AIT Corporation to Report Fiscal Year 2025 Results on Apr 14, 2025 AIT Corporation announced that they will report fiscal year 2025 results on Apr 14, 2025 Reported Earnings • Jan 15
Third quarter 2025 earnings released: EPS: JP¥41.59 (vs JP¥39.63 in 3Q 2024) Third quarter 2025 results: EPS: JP¥41.59 (up from JP¥39.63 in 3Q 2024). Revenue: JP¥15.8b (up 11% from 3Q 2024). Net income: JP¥977.0m (up 4.9% from 3Q 2024). Profit margin: 6.2% (down from 6.6% in 3Q 2024). 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 whereas the company’s share price has increased by 5% per year. Declared Dividend • Oct 29
First half dividend of JP¥40.00 announced Dividend of JP¥40.00 is the same as last year. Ex-date: 27th February 2025 Payment date: 23rd May 2025 Dividend yield will be 4.5%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is not adequately covered by earnings (95% earnings payout ratio). However, it is covered by cash flows (60% 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. The company's earnings per share (EPS) would need to grow by 6.0% to bring the payout ratio under control, which is less than the 16% EPS growth achieved over the last 5 years. Reported Earnings • Oct 18
Second quarter 2025 earnings released: EPS: JP¥31.88 (vs JP¥33.16 in 2Q 2024) Second quarter 2025 results: EPS: JP¥31.88 (down from JP¥33.16 in 2Q 2024). Revenue: JP¥13.3b (up 9.7% from 2Q 2024). Net income: JP¥749.0m (down 3.9% from 2Q 2024). Profit margin: 5.6% (down from 6.4% in 2Q 2024). The decrease in margin was driven by higher expenses. 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. Upcoming Dividend • Aug 22
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 29 August 2024. Payment date: 28 October 2024. Payout ratio is a comfortable 63% and this is well supported by cash flows. Trailing yield: 4.6%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (3.3%). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥1,589, the stock trades at a trailing P/E ratio of 12.5x. Average trailing P/E is 13x in the Logistics industry in Japan. Total returns to shareholders of 66% over the past three years. Annonce • Jul 27
AIT Corporation to Report Q2, 2025 Results on Oct 10, 2024 AIT Corporation announced that they will report Q2, 2025 results on Oct 10, 2024 Reported Earnings • Jul 18
First quarter 2025 earnings released: EPS: JP¥32.39 (vs JP¥32.61 in 1Q 2024) First quarter 2025 results: EPS: JP¥32.39 (down from JP¥32.61 in 1Q 2024). Revenue: JP¥12.9b (down 2.6% from 1Q 2024). Net income: JP¥761.0m (flat on 1Q 2024). Profit margin: 5.9% (in line with 1Q 2024). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Jun 13
Now 20% undervalued Over the last 90 days, the stock has risen 3.1% to JP¥1,779. The fair value is estimated to be JP¥2,232, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.4% over the last 3 years. Earnings per share has grown by 20%. Declared Dividend • Jun 06
Final dividend of JP¥40.00 announced Dividend of JP¥40.00 is the same as last year. Ex-date: 29th August 2024 Payment date: 28th October 2024 Dividend yield will be 4.4%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by both earnings (8% earnings payout ratio) and cash flows (61% 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. Earnings per share has grown by 16% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Annonce • Apr 29
AIT Corporation to Report Q1, 2025 Results on Jul 16, 2024 AIT Corporation announced that they will report Q1, 2025 results on Jul 16, 2024 Buy Or Sell Opportunity • Apr 17
Now 21% undervalued The stock has been flat over the last 90 days, currently trading at JP¥1,722. The fair value is estimated to be JP¥2,171, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.4% over the last 3 years. Earnings per share has grown by 20%. Annonce • Apr 16
AIT Corporation, Annual General Meeting, May 22, 2024 AIT Corporation, Annual General Meeting, May 22, 2024. Reported Earnings • Apr 16
Full year 2024 earnings released: EPS: JP¥127 (vs JP¥157 in FY 2023) Full year 2024 results: EPS: JP¥127 (down from JP¥157 in FY 2023). Revenue: JP¥51.4b (down 26% from FY 2023). Net income: JP¥2.99b (down 19% from FY 2023). Profit margin: 5.8% (up from 5.3% 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 20% per year whereas the company’s share price has increased by 19% per year. Upcoming Dividend • Feb 21
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 28 February 2024. Payment date: 24 May 2024. Payout ratio is a comfortable 8.1% and this is well supported by cash flows. Trailing yield: 4.3%. Within top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (2.8%). Annonce • Jan 31
AIT Corporation to Report Fiscal Year 2024 Results on Apr 15, 2024 AIT Corporation announced that they will report fiscal year 2024 results on Apr 15, 2024 Annonce • Jan 25
AIT Corporation Provides Dividend Guidance for the Fiscal Year Ending February 29, 2024 AIT Corporation provided dividend guidance for the fiscal year ending February 29, 2024. For the year, the company expects to pay dividend of JPY 40.00 per share against JPY 50.00 per share paid a year ago. Reported Earnings • Jan 13
Third quarter 2024 earnings released: EPS: JP¥39.63 (vs JP¥59.25 in 3Q 2023) Third quarter 2024 results: EPS: JP¥39.63 (down from JP¥59.25 in 3Q 2023). Revenue: JP¥14.2b (down 29% from 3Q 2023). Net income: JP¥931.0m (down 33% from 3Q 2023). Profit margin: 6.6% (down from 7.0% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Annonce • Jan 11
AIT Corporation Provides Consolidated Financial Guidance for Quarter Ending February 29, 2024 AIT Corporation provided consolidated financial guidance for quarter ending February 29, 2024. For the first half, the company expects Operating revenues of JPY 50,600 million, Operating profit of JPY 4,050 million, Profit attributable to owners of parent of JPY 2,820 million and Net income per share of JPY 120.03. Annonce • Nov 01
AIT Corporation to Report Q3, 2024 Results on Jan 11, 2024 AIT Corporation announced that they will report Q3, 2024 results on Jan 11, 2024 Annonce • Oct 27
AIT Corporation Announces Dividend Guidance for the Fiscal Year Ending February 29, 2024 AIT Corporation announced dividend guidance for the Fiscal Year Ending February 29, 2024. For the year, the company expects to pay a dividend of JPY 40 per share as compared to JPY 50 a year ago. Reported Earnings • Oct 13
Second quarter 2024 earnings released: EPS: JP¥33.16 (vs JP¥45.25 in 2Q 2023) Second quarter 2024 results: EPS: JP¥33.16 (down from JP¥45.25 in 2Q 2023). Revenue: JP¥12.1b (down 34% from 2Q 2023). Net income: JP¥779.0m (down 27% from 2Q 2023). Profit margin: 6.4% (up from 5.8% 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 33% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Aug 23
Upcoming dividend of JP¥40.00 per share at 5.2% yield Eligible shareholders must have bought the stock before 30 August 2023. Payment date: 30 October 2023. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 5.2%. Within top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (2.7%). Annonce • Jul 30
AIT Corporation to Report Q2, 2024 Results on Oct 12, 2023 AIT Corporation announced that they will report Q2, 2024 results on Oct 12, 2023 Annonce • Jul 28
AIT Corporation Provides Consolidated Financial Guidance for the First Half and Full Year Ending February 29, 2024 AIT Corporation provided consolidated financial guidance for the first half and full year ending February 29, 2024. For the first half, the company expects Operating revenues of JPY 32,000 million, Operating profit of JPY 2,150 million, Profit attributable to owners of parent of JPY 1,500 million and Net income per share of JPY 63.85. For the full year, the company expects Operating revenues of JPY 70,000 million, Operating profit of JPY 5,300 million, Profit attributable to owners of parent of JPY 3,700 million and Net income per share of JPY 157.49. Reported Earnings • Jul 16
First quarter 2024 earnings released: EPS: JP¥32.61 (vs JP¥34.48 in 1Q 2023) First quarter 2024 results: EPS: JP¥32.61 (down from JP¥34.48 in 1Q 2023). Revenue: JP¥13.2b (down 24% from 1Q 2023). Net income: JP¥766.0m (down 5.4% from 1Q 2023). Profit margin: 5.8% (up from 4.7% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Annonce • Jul 12
AIT Corporation Provides Financial Guidance for the Quarter Ended August 2023 and February 2024 AIT Corporation provided financial guidance for the quarter ended August 2023 and February 2024. For the quarter ended August 2023, the company expected Operating revenues of JPY 32,000 million, Operating profit of JPY 2,150 million, Profit attributable to owners of parent of JPY 1,500 million and Basic earnings per share of JPY 63.85. For the quarter ended February 2024, the company expected Operating revenues of JPY 70,000 million, Operating profit of JPY 5,300 million, Profit attributable to owners of parent of JPY 3,700 million and Basic earnings per share of JPY 157.49. Reported Earnings • May 30
Full year 2023 earnings released: EPS: JP¥157 (vs JP¥101 in FY 2022) Full year 2023 results: EPS: JP¥157 (up from JP¥101 in FY 2022). Revenue: JP¥69.5b (up 16% from FY 2022). Net income: JP¥3.68b (up 56% from FY 2022). Profit margin: 5.3% (up from 3.9% 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 38% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 15
Full year 2023 earnings released: EPS: JP¥157 (vs JP¥101 in FY 2022) Full year 2023 results: EPS: JP¥157 (up from JP¥101 in FY 2022). Revenue: JP¥69.5b (up 16% from FY 2022). Net income: JP¥3.68b (up 56% from FY 2022). Profit margin: 5.3% (up from 3.9% 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 38% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Feb 20
Upcoming dividend of JP¥50.00 per share at 6.3% yield Eligible shareholders must have bought the stock before 27 February 2023. Payment date: 25 May 2023. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 6.3%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.7%). Reported Earnings • Jan 12
Third quarter 2023 earnings released: EPS: JP¥59.25 (vs JP¥43.37 in 3Q 2022) Third quarter 2023 results: EPS: JP¥59.25 (up from JP¥43.37 in 3Q 2022). Revenue: JP¥19.9b (up 15% from 3Q 2022). Net income: JP¥1.39b (up 37% from 3Q 2022). Profit margin: 7.0% (up from 5.9% in 3Q 2022). The increase in margin was driven by higher revenue. 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 10% per year, which means it is significantly lagging earnings growth. 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. 5 experienced directors. 5 highly experienced directors. No independent directors (7 non-independent directors). Full-Time Auditor Hiroshi Shimizu 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 • Oct 31
AIT Corporation to Report Q3, 2023 Results on Jan 11, 2023 AIT Corporation announced that they will report Q3, 2023 results on Jan 11, 2023 Reported Earnings • Oct 13
Second quarter 2023 earnings released: EPS: JP¥45.25 (vs JP¥19.45 in 2Q 2022) Second quarter 2023 results: EPS: JP¥45.25 (up from JP¥19.45 in 2Q 2022). Revenue: JP¥18.4b (up 37% from 2Q 2022). Net income: JP¥1.06b (up 133% from 2Q 2022). Profit margin: 5.8% (up from 3.4% 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 30% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Aug 23
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 30 August 2022. Payment date: 31 October 2022. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 3.7%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.6%). Annonce • Jul 31
AIT Corporation to Report Q2, 2023 Results on Oct 12, 2022 AIT Corporation announced that they will report Q2, 2023 results on Oct 12, 2022 Reported Earnings • Jul 13
First quarter 2023 earnings released: EPS: JP¥34.48 (vs JP¥22.01 in 1Q 2022) First quarter 2023 results: EPS: JP¥34.48 (up from JP¥22.01 in 1Q 2022). Revenue: JP¥17.3b (up 28% from 1Q 2022). Net income: JP¥810.0m (up 57% from 1Q 2022). Profit margin: 4.7% (up from 3.8% in 1Q 2022). 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 whereas the company’s share price has increased by 22% per year. Valuation Update With 7 Day Price Move • Jul 13
Investor sentiment improved over the past week After last week's 22% share price gain to JP¥1,789, the stock trades at a trailing P/E ratio of 17.8x. Average trailing P/E is 10x in the Logistics industry in Japan. Total returns to shareholders of 99% over the past three years. Reported Earnings • May 29
Full year 2022 earnings released: EPS: JP¥101 (vs JP¥73.39 in FY 2021) Full year 2022 results: EPS: JP¥101 (up from JP¥73.39 in FY 2021). Revenue: JP¥59.9b (up 31% from FY 2021). Net income: JP¥2.37b (up 37% from FY 2021). Profit margin: 3.9% (up from 3.8% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 16% per year. Annonce • May 02
AIT Corporation to Report Q1, 2023 Results on Jul 12, 2022 AIT Corporation announced that they will report Q1, 2023 results on Jul 12, 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. 7 experienced directors. 3 highly experienced directors. No independent directors (7 non-independent directors). Full-Time Auditor Hiroshi Shimizu 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 • Apr 14
Full year 2022 earnings released: EPS: JP¥101 (vs JP¥73.39 in FY 2021) Full year 2022 results: EPS: JP¥101 (up from JP¥73.39 in FY 2021). Revenue: JP¥59.9b (up 31% from FY 2021). Net income: JP¥2.37b (up 37% from FY 2021). Profit margin: 3.9% (up from 3.8% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Annonce • Apr 14
AIT Corporation, Annual General Meeting, May 24, 2022 AIT Corporation, Annual General Meeting, May 24, 2022. Upcoming Dividend • Feb 18
Upcoming dividend of JP¥36.00 per share Eligible shareholders must have bought the stock before 25 February 2022. Payment date: 26 May 2022. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 4.1%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (2.2%). Annonce • Jan 30
AIT Corporation to Report Fiscal Year 2022 Results on Apr 13, 2022 AIT Corporation announced that they will report fiscal year 2022 results on Apr 13, 2022 Reported Earnings • Jan 13
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥43.37 (up from JP¥24.18 in 3Q 2021). Revenue: JP¥17.3b (up 44% from 3Q 2021). Net income: JP¥1.02b (up 79% from 3Q 2021). Profit margin: 5.9% (up from 4.7% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 12% per year. Annonce • Jan 13
AIT Corporation Provides Earnings Guidance for the Fiscal Year Ending Feb. 2022 AIT Corporation provides earnings guidance for the fiscal year ending Feb. 2022. For the full year, The company expects Operating revenues to be JPY 57,000 million, Operating profit to be JPY 3,270 million, Profit attributable to owners of parent to be JPY 2,250 million or JPY 95.77 per basic share.