Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Outside Director Figen Ulgen was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Apr 30
MISUMI Group Inc., Annual General Meeting, Jun 18, 2026 MISUMI Group Inc., Annual General Meeting, Jun 18, 2026. Annuncio • Apr 22
MISUMI Group Inc. to Report Fiscal Year 2026 Results on Apr 30, 2026 MISUMI Group Inc. announced that they will report fiscal year 2026 results on Apr 30, 2026 Annuncio • Jan 23
MISUMI Group, Inc. Announces Appointment of Dave Evans as President Of MISUMI Americas, Effective January 22, 2026 MISUMI Group Inc. announced that Dave Evans has been appointed President of MISUMI Americas effective January 22, 2026. Evans will lead the integration of MISUMI and Fictiv into one unified AI-powered platform across the Americas, accelerating the growth of standard and custom manufacturing solutions for the next generation of industrial innovation. Evans is the Co-Founder and CEO of Fictiv, a global leader in supply chain and manufacturing, which was acquired by MISUMI in 2025. In his expanded role, Evans will continue to oversee Fictiv while also serving as President of MISUMI Americas, ensuring tight operational and strategic alignment. Evans is widely recognized as a visionary and thought leader in digital manufacturing. At Fictiv, he helped pioneer the digital manufacturing marketplace model, building a global network of vetted manufacturing partners and launching cloud-based tools that dramatically reduced the complexity of sourcing custom mechanical parts. Under his leadership, Fictiv delivered strong, sustained growth and produced more than 40 million commercial and prototype components for innovative companies worldwide. Evans succeeds Nobuyuki Ashida, who has led MISUMI USA through a period of strong growth and operational expansion over the last decade. Ashida will support a smooth transition through the end of February as Evans takes on this role. Annuncio • Dec 16
MISUMI Group Inc. to Report Q3, 2026 Results on Jan 30, 2026 MISUMI Group Inc. announced that they will report Q3, 2026 results on Jan 30, 2026 Annuncio • Sep 18
MISUMI Group Inc. to Report Q2, 2026 Results on Oct 31, 2025 MISUMI Group Inc. announced that they will report Q2, 2026 results on Oct 31, 2025 Annuncio • Jun 19
MISUMI Group Inc. to Report Q1, 2026 Results on Jul 25, 2025 MISUMI Group Inc. announced that they will report Q1, 2026 results on Jul 25, 2025 Annuncio • Mar 25
MISUMI Group Inc. to Report Fiscal Year 2025 Results on Apr 25, 2025 MISUMI Group Inc. announced that they will report fiscal year 2025 results on Apr 25, 2025 Annuncio • Jan 03
MISUMI Group Inc. to Report Q3, 2025 Results on Jan 31, 2025 MISUMI Group Inc. announced that they will report Q3, 2025 results on Jan 31, 2025 Buy Or Sell Opportunity • Nov 13
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 7.0% to €14.60. The fair value is estimated to be €18.50, 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 declined by 6.5%. For the next 3 years, revenue is forecast to grow by 6.0% per annum. Earnings are also forecast to grow by 9.6% per annum over the same time period. Annuncio • Nov 05
Meviy Expands Product Coverage with New Materials and Surface Treatments for Cnc Milling Parts meviy announced the expansion of its product coverage with the introduction of new materials and advanced surface treatments. This enhancement will broaden the range of manufacturing options available to customers, further reinforcing meviy's commitment to providing high-quality components and customization solutions. New Material Options:304 Stainless Steel (Annealed) - Known for its exceptional corrosion resistance, 304 Stainless Steel is widely used in many applications. The annealed version offers increased ductility and ease of machining, making it ideal for complex designs. 303 Stainless Steel (Annealed)- Offering improved machinability compared to 304 Stainless Steel, 303 Stainless Steel is well-suited for high-volume machining applications. Its annealed state enhances flexibility during the production process. New Surface Finishing Options: Hard Anodize (Clear) for Aluminum Products – This new hard anodize option increases the durability and hardness of aluminum parts while maintaining a sleek, clear finish. It's a perfect choice for components that require both aesthetic appeal and enhanced surface strength. Low Temperature Black Chrome for Carbon Steel Products – A low-temperature black chrome finish provides a robust, sleek black coating, improving wear resistance while maintaining the part's dimensional integrity. Phosphate Coating for Carbon Steel Products – The phosphate coating adds a layer of protection against corrosion while offering a matte surface ideal for industrial applications where durability is critical. This expansion of materials and surface treatments strengthens meviy's position as a trusted leader in precision manufacturing, enabling customers to achieve their project goals with increased flexibility and performance options. Whether it's carbon steel for structural applications, aluminum alloys for lightweight components, or stainless steel for corrosion resistance, meviy continues to innovate in delivering the highest-quality solutions. Reported Earnings • Oct 27
Second quarter 2025 earnings released: EPS: JP¥32.28 (vs JP¥28.74 in 2Q 2024) Second quarter 2025 results: EPS: JP¥32.28 (up from JP¥28.74 in 2Q 2024). Revenue: JP¥98.5b (up 9.2% from 2Q 2024). Net income: JP¥8.95b (up 11% from 2Q 2024). Profit margin: 9.1% (up from 9.0% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 25% per year, which means it is performing significantly worse than earnings. Buy Or Sell Opportunity • Oct 23
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.7% to €14.80. The fair value is estimated to be €18.83, 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 declined by 3.1%. For the next 3 years, revenue is forecast to grow by 6.1% per annum. Earnings are also forecast to grow by 9.6% per annum over the same time period. Annuncio • Oct 15
Misumi Group Inc. Announces New Hardening Methods Available for CNC Turning meviy announced the immediate availability of advanced hardening options for CNC Turning, providing engineers with greater flexibility in part design and manufacturing. These new options include Vacuum Hardening for full part hardening and Induction Hardening for selective hardening, allowing for a broader range of mechanical properties to meet the demands of various applications. Key Features of the New Hardening Methods: Full Part Hardening: Engineers can now choose from two heat treatment options to harden entire parts: Immersion Quenching: A cost-effective and quick heat treatment using a conventional furnace and oil bath. Vacuum Quenching: A precise, distortion-resistant heat treatment using a vacuum furnace, ideal for components requiring high accuracy. Selective Hardening: This process allows specific areas of a part to be hardened while avoiding threads or areas with precision tolerances. Induction Hardening: A targeted method that uses an induction coil to heat and quench designated areas, offering precise control over part hardness. In addition to these new hardening methods, engineers can now specify a desired hardness range for both Immersion and Vacuum Quenching, ensuring components meet specific performance criteria. Extended Size Range for Heat Treatment: Diameters 10-150mm: Parts can be hardened up to 300mm in length. Diameters 150-250mm: Parts can be hardening up to 200mm in length. Diamers 250-300mm: Parts can be hardenedup to 100mm in length. These expanded heat treatment capabilities offer enhanced design options, allowing engineers to create parts with tailored mechanical properties for even the most demanding applications. The expansion of Heat Treatment capabilities has also expanded the maximum length of parts that can be hardened. Additional Lead time for Hardening services is 2-4 days. Annuncio • Oct 08
meviy, Parts Procurement Platform Developed by MISUMI Group Inc. Introduces Immediate Availability of Hexagon Holes for CNC Turning meviy, the parts procurement platform developed by MISUMI Group Inc. introduced the immediate availability of hexagon holes for CNC Turning. This enhancement broadens the design options available to product engineers, providing an efficient and cost-effective method to incorporate hex fastening features into their components. This new capability from meviy offers product engineers a streamlined solution for integrating hexagonal fastening features into their designs, ensuring both quality and competitive pricing. Technical Details: Manufacturing: Hex holes can be produced along the center axis of parts, either through broaching or machining, based on the size of the hex. Tolerancing: While width and depth tolerancing and geometric tolerancing are not applicable to hex shapes, engineers can still expect precise and reliable results. Surface Treatments: All surface treatments and heat treatments are available, although surface roughness specifications are not applicable for hex shapes. Material Availability: Hex holes can be manufactured in all materials. For resin materials, the hexes are always machined. Annuncio • Sep 26
MISUMI Group Inc. to Report Q2, 2025 Results on Oct 25, 2024 MISUMI Group Inc. announced that they will report Q2, 2025 results on Oct 25, 2024 Upcoming Dividend • Sep 20
Upcoming dividend of JP¥16.18 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 05 December 2024. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 28%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (3.6%). Buy Or Sell Opportunity • Sep 18
Now 20% undervalued Over the last 90 days, the stock has risen 1.3% to €15.70. The fair value is estimated to be €19.73, 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 declined by 3.1%. For the next 3 years, revenue is forecast to grow by 6.1% per annum. Earnings are also forecast to grow by 9.7% per annum over the same time period. Buy Or Sell Opportunity • Aug 20
Now 21% undervalued The stock has been flat over the last 90 days, currently trading at €15.70. The fair value is estimated to be €19.98, 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 declined by 3.1%. For the next 3 years, revenue is forecast to grow by 5.9% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Annuncio • Aug 07
MISUMI Group Inc.'s meviy Introduces New Hexagon Bar Shapes for CNC Turning meviy, the cutting-edge parts procurement platform developed by MISUMI Group Inc. announced the immediate availability of hexagon bar shapes for CNC Turning. This new addition significantly expands the versatility and application of meviy's offerings, catering to a wider range of machining needs. Technical Specifications: Tolerances: The hex shapes adhere to the H12 standard. Tolerance Limitations: Individual and geometric tolerancing is not available for hex shapes. Surface Treatments: All surface treatments and heat treatments are available for hex bar materials. Surface Roughness: Specification for surface roughness is not available on hex shapes. Materials: Hex bars are available in steel, stainless steel, and brass. Standards: JIS standard hex sizes for each available material are listed. meviy's commitment to providing high-quality and precise machining solutions is reflected in the introduction of these hexagon bar shapes, ensuring customers can achieve the best results in their CNC turning projects. Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €13.60, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 11x in the Machinery industry in Germany. Total loss to shareholders of 57% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €20.78 per share. Buy Or Sell Opportunity • Aug 03
Now 25% undervalued after recent price drop Over the last 90 days, the stock has fallen 6.8% to €15.00. The fair value is estimated to be €20.04, 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 declined by 3.1%. For the next 3 years, revenue is forecast to grow by 6.0% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Reported Earnings • Jul 29
First quarter 2025 earnings released: EPS: JP¥32.92 (vs JP¥21.47 in 1Q 2024) First quarter 2025 results: EPS: JP¥32.92 (up from JP¥21.47 in 1Q 2024). Revenue: JP¥99.5b (up 11% from 1Q 2024). Net income: JP¥9.25b (up 52% from 1Q 2024). Profit margin: 9.3% (up from 6.8% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 21% per year, which means it is performing significantly worse than earnings. Declared Dividend • Jul 11
Final dividend of JP¥16.18 announced Shareholders will receive a dividend of JP¥16.18. Ex-date: 27th September 2024 Payment date: 5th December 2024 Dividend yield will be 107%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is covered by earnings (28% earnings payout ratio) but not covered by cash flows (dividend approximately 5x free cash flows). The dividend has increased by an average of 55% 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. Annuncio • Jul 09
MISUMI Group Inc.'s Meviy Enhances Sheet Metal Processing Service with Additional Edge Breaking Option meviy, the cutting-edge parts procurement platform developed by MISUMI Group Inc. announced a new enhancement to sheet metal processing service: the option to include additional edge breaking. This new feature, available immediately, addresses specific customer needs for parts requiring high precision and improved finish quality for sheet metal components. Key Features of Additional Edge Breaking Option: Improved Surface Finish: A high-quality finish is produced on both top and bottom surfaces of the part. Reduced Burrs: Any burrs or raised lips on the bottom surface of parts will be removed and replaced by a 0.1mm Radius edge, increasing the quality and accuracy of parts. Applicable Materials and Thicknesses: The additional edge breaking option is available for a wide range of materials and sheet thicknesses to accommodate various project requirements. Incorporating additional edge breaking into the sheet metal process workflow offers significant engineering advantages, particularly in terms of precision and quality of the final product. This additional edge breaking is especially beneficial for applications requiring high finish surfaces and minimal burrs. It supports faster and more efficient production cycles while maintaining stringent quality standards, enhancing both the functionality and aesthetics of the components produced. By integrating this step into the workflow, meviy ensures superior product integrity and performance. Surface Treatment Compatibility: Edge Breaking is available with many surface treatment options ensuring customers can achieve the desired aesthetic and functional properties for their sheet metal components. Annuncio • Jun 27
MISUMI Group Inc. to Report Q1, 2025 Results on Jul 26, 2024 MISUMI Group Inc. announced that they will report Q1, 2025 results on Jul 26, 2024 Reported Earnings • Jun 26
Full year 2024 earnings released: EPS: JP¥99.76 (vs JP¥121 in FY 2023) Full year 2024 results: EPS: JP¥99.76 (down from JP¥121 in FY 2023). Revenue: JP¥367.6b (down 1.5% from FY 2023). Net income: JP¥28.2b (down 18% from FY 2023). Profit margin: 7.7% (down from 9.2% in FY 2023). Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • May 03
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €16.00, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 14x in the Machinery industry in Germany. Total loss to shareholders of 32% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €16.72 per share. Annuncio • May 03
meviy Introduces Large Radius Bending Inch Stainless Metals meviy offered support for adding large bends to, perfect for applications such as sensor covers or cowlings requiring seamless bends across large surfaces. Basic Information: Material & Gauge Availability: Carbon Steel: 22 Ga. (0.0299") - 11 Ga. (0.1196"); 304 Stainless Steel: 22ga. (0.0312") - 11 Ga. (0.125"); 5052 Aluminum: 0.025" - 0.125". Lead Time: Without surface treatment: 7 days; With surface treatment: 9 days and Expedited delivery option is unavailable for Large Radius bend parts. Common Errors and Solutions: If the model ends in a radius, an Automatic Quotation failure will occur. Be sure to provide a flange at both ends of the bend. Annuncio • Apr 28
MISUMI Group Inc., Annual General Meeting, Jun 13, 2024 MISUMI Group Inc., Annual General Meeting, Jun 13, 2024. Reported Earnings • Apr 28
Full year 2024 earnings released: EPS: JP¥99.75 (vs JP¥121 in FY 2023) Full year 2024 results: EPS: JP¥99.75 (down from JP¥121 in FY 2023). Revenue: JP¥367.6b (down 1.5% from FY 2023). Net income: JP¥28.2b (down 18% from FY 2023). Profit margin: 7.7% (down from 9.2% in FY 2023). Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Annuncio • Apr 27
MISUMI Group Inc. (TSE:9962) announces an Equity Buyback for 12,000,000 shares, representing 4.26% for ¥20,000 million. MISUMI Group Inc. (TSE:9962) announces a share repurchase program. Under the program, the company will repurchase up to 12,000,000 shares, representing 4.26% of its total shares outstanding (excluding treasury shares), for a total of ¥20,000 million. The purpose of repurchase program is to enhance shareholder returns and implement a flexible capital policy. The repurchase program is valid till November 29, 2024. As of March 31, 2024, the company had 281,839,798 shares outstanding (excluding treasury shares) and had 3,008,099 shares in treasury. Annuncio • Apr 19
MISUMI Group Inc.'s meviy Announces the Availability of Geometric Tolerances for CNC Turning Parts MISUMI Group Inc.'s meviy has rolled out a significant enhancement: geometric tolerancing for CNC turning parts. This latest addition further amplifies the platform's capabilities, enabling customers to access nine types of geometric tolerances with a remarkable accuracy of up to 0.01 mm. Recognizing the persistent challenges within the realm of high-precision parts procurement--ranging from contracted quotation processes to extended delivery lead times and price volatility--meviy initially introduced geometric tolerancing for CNC milled parts in October 2022. Building on the success and demand for this feature, the platform now extends its functionality to CNC turning parts. This enhancement empowers customers to seamlessly specify geometric tolerances directly from their 3D data, facilitating instant quotations and expediting the procurement process with unparalleled efficiency. Buy Or Sell Opportunity • Apr 17
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 13% to €12.90. The fair value is estimated to be €16.96, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.6% over the last 3 years. Earnings per share has grown by 12%. For the next 3 years, revenue is forecast to grow by 5.8% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Annuncio • Mar 27
MISUMI Group Inc. to Report Fiscal Year 2024 Results on Apr 26, 2024 MISUMI Group Inc. announced that they will report fiscal year 2024 results on Apr 26, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥14.50 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 21 June 2024. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (3.2%). Reported Earnings • Jan 28
Third quarter 2024 earnings released: EPS: JP¥29.36 (vs JP¥29.54 in 3Q 2023) Third quarter 2024 results: EPS: JP¥29.36 (down from JP¥29.54 in 3Q 2023). Revenue: JP¥92.7b (down 1.2% from 3Q 2023). Net income: JP¥8.27b (down 1.6% from 3Q 2023). Profit margin: 8.9% (down from 9.0% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Annuncio • Dec 24
MISUMI Group Inc. to Report Q3, 2024 Results on Jan 26, 2024 MISUMI Group Inc. announced that they will report Q3, 2024 results on Jan 26, 2024 Reported Earnings • Oct 28
Second quarter 2024 earnings released: EPS: JP¥28.74 (vs JP¥33.95 in 2Q 2023) Second quarter 2024 results: EPS: JP¥28.74 (down from JP¥33.95 in 2Q 2023). Revenue: JP¥90.2b (down 5.1% from 2Q 2023). Net income: JP¥8.10b (down 16% from 2Q 2023). Profit margin: 9.0% (down from 10% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Annuncio • Sep 27
MISUMI Group Inc. to Report Q2, 2024 Results on Oct 26, 2023 MISUMI Group Inc. announced that they will report Q2, 2024 results on Oct 26, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of JP¥12.44 per share at 1.1% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 06 December 2023. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (2.8%). Reported Earnings • Jul 29
First quarter 2024 earnings released: EPS: JP¥21.47 (vs JP¥37.23 in 1Q 2023) First quarter 2024 results: EPS: JP¥21.47 (down from JP¥37.23 in 1Q 2023). Revenue: JP¥89.9b (down 3.5% from 1Q 2023). Net income: JP¥6.09b (down 43% from 1Q 2023). Profit margin: 6.8% (down from 11% in 1Q 2023). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Annuncio • Jun 24
MISUMI Group Inc. to Report Q1, 2024 Results on Jul 28, 2023 MISUMI Group Inc. announced that they will report Q1, 2024 results on Jul 28, 2023 Reported Earnings • Apr 30
Full year 2023 earnings released: EPS: JP¥121 (vs JP¥132 in FY 2022) Full year 2023 results: EPS: JP¥121 (down from JP¥132 in FY 2022). Revenue: JP¥373.2b (up 1.9% from FY 2022). Net income: JP¥34.3b (down 8.7% from FY 2022). Profit margin: 9.2% (down from 10% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥14.29 per share at 1.0% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 22 June 2023. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (2.9%). Reported Earnings • Jan 29
Third quarter 2023 earnings released: EPS: JP¥29.54 (vs JP¥31.92 in 3Q 2022) Third quarter 2023 results: EPS: JP¥29.54 (down from JP¥31.92 in 3Q 2022). Revenue: JP¥93.8b (up 2.1% from 3Q 2022). Net income: JP¥8.40b (down 7.4% from 3Q 2022). Profit margin: 9.0% (in line with 3Q 2022). Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Annuncio • Dec 26
MISUMI Group Inc. to Report Q3, 2023 Results on Jan 27, 2023 MISUMI Group Inc. announced that they will report Q3, 2023 results on Jan 27, 2023 Board Change • Nov 21
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 7 new directors. 3 experienced directors. 2 highly experienced directors. 3 independent directors (5 non-independent directors). Outside Corporate Auditor Juichi Nozue is the most experienced director on the board, commencing their role in 2005. Independent Outside Director Tom Suseki was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 28
Second quarter 2023 earnings released: EPS: JP¥33.95 (vs JP¥36.01 in 2Q 2022) Second quarter 2023 results: EPS: JP¥33.95 (down from JP¥36.01 in 2Q 2022). Revenue: JP¥95.1b (up 4.1% from 2Q 2022). Net income: JP¥9.65b (down 5.6% from 2Q 2022). Profit margin: 10% (down from 11% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥18.38 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 07 December 2022. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (3.2%). Buying Opportunity • Sep 17
Now 21% undervalued Over the last 90 days, the stock is up 22%. The fair value is estimated to be €28.42, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.5% over the last 3 years. Earnings per share has grown by 28%. For the next 3 years, revenue is forecast to grow by 6.0% per annum. Earnings is also forecast to grow by 6.9% per annum over the same time period. Reported Earnings • Jul 31
First quarter 2023 earnings released: EPS: JP¥37.23 (vs JP¥37.30 in 1Q 2022) First quarter 2023 results: EPS: JP¥37.23 (down from JP¥37.30 in 1Q 2022). Revenue: JP¥93.1b (up 2.4% from 1Q 2022). Net income: JP¥10.6b (flat on 1Q 2022). Profit margin: 11% (in line with 1Q 2022). Over the next year, revenue is forecast to grow 7.9%, compared to a 9.5% growth forecast for the industry in Germany. 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 7% per year, which means it is significantly lagging earnings growth. Board Change • Jun 15
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Outside Director Tom Suseki was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • May 09
Full year 2022 earnings released: EPS: JP¥132 (vs JP¥60.36 in FY 2021) Full year 2022 results: EPS: JP¥132 (up from JP¥60.36 in FY 2021). Revenue: JP¥366.2b (up 18% from FY 2021). Net income: JP¥37.6b (up 119% from FY 2021). Profit margin: 10% (up from 5.5% in FY 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 7.2%, compared to a 8.9% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Annuncio • May 07
MISUMI Group Inc., Annual General Meeting, Jun 16, 2022 MISUMI Group Inc., Annual General Meeting, Jun 16, 2022. Board Change • Apr 28
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Outside Director Tom Suseki was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Annuncio • Apr 08
MISUMI Group Inc. to Report Fiscal Year 2022 Results on May 06, 2022 MISUMI Group Inc. announced that they will report fiscal year 2022 results on May 06, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥14.23 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 23 June 2022. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of German dividend payers (3.6%). Lower than average of industry peers (1.9%). Reported Earnings • Jan 30
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥31.92 (up from JP¥19.28 in 3Q 2021). Revenue: JP¥91.9b (up 15% from 3Q 2021). Net income: JP¥9.07b (up 66% from 3Q 2021). Profit margin: 9.9% (up from 6.9% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 8.4%, compared to a 10% growth forecast for the industry in Germany. 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 12% per year. Reported Earnings • Oct 29
Second quarter 2022 earnings released: EPS JP¥36.01 (vs JP¥12.90 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥91.3b (up 25% from 2Q 2021). Net income: JP¥10.2b (up 179% from 2Q 2021). Profit margin: 11% (up from 5.0% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥16.37 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 01 December 2021. Trailing yield: 0.5%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (1.0%). Reported Earnings • Aug 03
First quarter 2022 earnings released: EPS JP¥37.30 (vs JP¥10.73 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥90.9b (up 29% from 1Q 2021). Net income: JP¥10.6b (up 248% from 1Q 2021). Profit margin: 12% (up from 4.3% in 1Q 2021). The increase in margin was driven by higher revenue. Reported Earnings • May 08
Full year 2021 earnings released: EPS JP¥60.36 (vs JP¥58.17 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were flat. Full year 2021 results: Revenue: JP¥310.7b (flat on FY 2020). Net income: JP¥17.1b (up 3.8% from FY 2020). Profit margin: 5.5% (up from 5.3% in FY 2020). Upcoming Dividend • Mar 24
Upcoming dividend of JP¥7.22 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 22 June 2021. Trailing yield: 0.4%. Lower than top quartile of German dividend payers (3.3%). Lower than average of industry peers (1.2%). Is New 90 Day High Low • Mar 11
New 90-day low: €23.20 The company is down 11% from its price of €26.00 on 11 December 2020. The German market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €7.05 per share. Reported Earnings • Feb 07
Third quarter 2021 earnings released: EPS JP¥19.28 (vs JP¥15.54 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥79.7b (up 1.3% from 3Q 2020). Net income: JP¥5.48b (up 24% from 3Q 2020). Profit margin: 6.9% (up from 5.6% in 3Q 2020). Analyst Estimate Surprise Post Earnings • Feb 07
Revenue beats expectations Revenue exceeded analyst estimates by 4.0%. Over the next year, revenue is forecast to grow 6.9%, compared to a 5.0% growth forecast for the Machinery industry in Germany. Reported Earnings • Jan 28
Third quarter 2021 earnings released: EPS JP¥19.28 (vs JP¥15.54 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥79.7b (up 1.3% from 3Q 2020). Net income: JP¥5.48b (up 24% from 3Q 2020). Profit margin: 6.9% (up from 5.6% in 3Q 2020). Is New 90 Day High Low • Jan 28
New 90-day high: €28.00 The company is up 13% from its price of €24.80 on 30 October 2020. The German market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €5.56 per share. Analyst Estimate Surprise Post Earnings • Jan 28
Revenue beats expectations Revenue exceeded analyst estimates by 4.0%. Over the next year, revenue is forecast to grow 6.9%, compared to a 5.0% growth forecast for the Machinery industry in Germany. Annuncio • Dec 26
MISUMI Group Inc. to Report Q3, 2021 Results on Jan 27, 2021 MISUMI Group Inc. announced that they will report Q3, 2021 results on Jan 27, 2021 Analyst Estimate Surprise Post Earnings • Nov 07
Revenue misses expectations Revenue missed analyst estimates by 1.4%. Over the next year, revenue is forecast to grow 3.2% while the growth in Machinery industry in Germany is expected to stay flat. Reported Earnings • Nov 07
Second quarter 2021 earnings released: EPS JP¥12.90 The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥72.8b (down 6.7% from 2Q 2020). Net income: JP¥3.66b (down 13% from 2Q 2020). Profit margin: 5.0% (down from 5.4% in 2Q 2020). The decrease in margin was driven by lower revenue. Reported Earnings • Nov 01
First half earnings released Over the last 12 months the company has reported total profits of JP¥14.7b, down 30% from the prior year. Total revenue was JP¥299.5b over the last 12 months, down 7.1% from the prior year. Analyst Estimate Surprise Post Earnings • Nov 01
Semi-annual earnings released: Revenue misses expectations Semi-annual revenue missed analyst estimates by 1.4% at JP¥143.3b. Revenue is forecast to grow 3.9% over the next year, while the growth in Machinery industry in Germany is expected to stay flat. Is New 90 Day High Low • Oct 31
New 90-day high: €24.80 The company is up 26% from its price of €19.70 on 31 July 2020. The German market is down 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.96 per share. Annuncio • Oct 10
MISUMI Group Inc. to Report Q2, 2021 Results on Oct 29, 2020 MISUMI Group Inc. announced that they will report Q2, 2021 results on Oct 29, 2020