Annuncio • Sep 07
Nippon Piston Ring Co., Ltd. to Delist from Prime Section of Tokyo Stock Exchange Nippon Piston Ring Co., Ltd. will be delisted from prime section of Tokyo Stock Exchange effective from September 28, 2023. Delisting is due to Becoming a wholly owned subsidiary of NPR-RIKEN CORPORATION. Annuncio • Aug 29
Nippon Piston Ring Co., Ltd. (TSE:6461) announces an Equity Buyback for 210,000 shares, for ¥338.31 million. Nippon Piston Ring Co., Ltd. (TSE:6461) announces a share repurchase program. Under the program, the company will repurchase 210,000 shares, representing 2.62% of the outstanding shares for ¥338.31 million. The shares will be repurchased at price of ¥1,611 per share. The purpose of the program is to implement a flexible capital policy and shareholders return. As of July 31, 2023, the company had 8,016,039 shares outstanding and 358,118 shares in treasury. Buying Opportunity • Aug 16
Now 21% undervalued Over the last 90 days, the stock is up 17%. The fair value is estimated to be JP¥2,037, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.4% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Aug 12
First quarter 2024 earnings released: EPS: JP¥103 (vs JP¥61.94 in 1Q 2023) First quarter 2024 results: EPS: JP¥103 (up from JP¥61.94 in 1Q 2023). Revenue: JP¥14.6b (up 9.1% from 1Q 2023). Net income: JP¥801.0m (up 67% from 1Q 2023). Profit margin: 5.5% (up from 3.6% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Annuncio • Jun 21
Nippon Piston Ring Co., Ltd. to Report Q1, 2024 Results on Aug 10, 2023 Nippon Piston Ring Co., Ltd. announced that they will report Q1, 2024 results on Aug 10, 2023 Reported Earnings • May 17
Full year 2023 earnings released: EPS: JP¥233 (vs JP¥250 in FY 2022) Full year 2023 results: EPS: JP¥233 (down from JP¥250 in FY 2022). Revenue: JP¥58.5b (up 15% from FY 2022). Net income: JP¥1.81b (down 6.2% from FY 2022). Profit margin: 3.1% (down from 3.8% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Annuncio • May 14
Nippon Piston Ring Co., Ltd., Annual General Meeting, Jun 23, 2023 Nippon Piston Ring Co., Ltd., Annual General Meeting, Jun 23, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥50.00 per share at 5.2% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 29 June 2023. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 5.2%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (3.2%). Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: JP¥60.32 (vs JP¥63.54 in 3Q 2022) Third quarter 2023 results: EPS: JP¥60.32 (down from JP¥63.54 in 3Q 2022). Revenue: JP¥15.2b (up 22% from 3Q 2022). Net income: JP¥469.0m (down 4.3% from 3Q 2022). Profit margin: 3.1% (down from 3.9% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Annuncio • Dec 28
Nippon Piston Ring Co., Ltd. to Report Q3, 2023 Results on Feb 10, 2023 Nippon Piston Ring Co., Ltd. announced that they will report Q3, 2023 results on Feb 10, 2023 Board Change • Nov 16
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, 3 were independent directors. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Outside Director Hiroki Kimura 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 • Nov 13
Second quarter 2023 earnings released: EPS: JP¥12.11 (vs JP¥66.49 in 2Q 2022) Second quarter 2023 results: EPS: JP¥12.11 (down from JP¥66.49 in 2Q 2022). Revenue: JP¥14.4b (up 15% from 2Q 2022). Net income: JP¥94.0m (down 82% from 2Q 2022). Profit margin: 0.7% (down from 4.1% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 06 December 2022. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 5.5%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (3.1%). Annuncio • Sep 18
Nippon Piston Ring Co., Ltd. to Report Q2, 2023 Results on Nov 11, 2022 Nippon Piston Ring 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¥61.94 (vs JP¥99.67 in 1Q 2022) First quarter 2023 results: EPS: JP¥61.94 (down from JP¥99.67 in 1Q 2022). Revenue: JP¥13.4b (up 3.0% from 1Q 2022). Net income: JP¥479.0m (down 37% from 1Q 2022). Profit margin: 3.6% (down from 5.9% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Annuncio • Jun 29
Nippon Piston Ring Co., Ltd. to Report Q1, 2023 Results on Aug 10, 2022 Nippon Piston Ring Co., Ltd. announced that they will report Q1, 2023 results on Aug 10, 2022 Reported Earnings • May 19
Full year 2022 earnings released: EPS: JP¥250 (vs JP¥103 loss in FY 2021) Full year 2022 results: EPS: JP¥250 (up from JP¥103 loss in FY 2021). Revenue: JP¥50.8b (up 12% from FY 2021). Net income: JP¥1.93b (up JP¥2.74b from FY 2021). Profit margin: 3.8% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Annuncio • May 15
Nippon Piston Ring Co., Ltd., Annual General Meeting, Jun 28, 2022 Nippon Piston Ring Co., Ltd., Annual General Meeting, Jun 28, 2022. Board Change • Apr 27
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, 3 were independent directors. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Outside Director Hiroki Kimura 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
Nippon Piston Ring Co., Ltd. to Report Fiscal Year 2022 Results on May 13, 2022 Nippon Piston Ring Co., Ltd. announced that they will report fiscal year 2022 results on May 13, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥50.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 27 June 2022. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 7.4%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (3.0%). Reported Earnings • Feb 10
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥63.52 (down from JP¥80.04 in 3Q 2021). Revenue: JP¥12.5b (flat on 3Q 2021). Net income: JP¥490.0m (down 23% from 3Q 2021). Profit margin: 3.9% (down from 5.1% in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 7% per year. Annuncio • Jan 12
Nippon Piston Ring Co., Ltd. (TSE:6461) completed the acquisition of Normeca Asia Co., Ltd. from Ryo Senda, President and Chief Executive Officer of Normeca Asia Co., Ltd.. Nippon Piston Ring Co., Ltd. (TSE:6461) agreed to acquire Normeca Asia Co., Ltd. from Ryo Senda, President and Chief Executive Officer of Normeca Asia Co., Ltd. on December 24, 2021. Nippon Piston Ring will acquire 1,980 shares of Normeca Asia Co., Ltd. Ryo Senda plans to acquire all of Normeca's shares held by shareholders other than him by the date of the transfer of shares. Normeca Asia Co., Ltd. reported net assets of ¥515 million, total assets of ¥2.3 billion, sales of ¥3.8 billion and net profit of ¥300 million for the financial year ended March 31, 2021. Contract is scheduled to sign on December 24, 2021 and transaction is expected to complete on January 11, 2022. The impact of the acquisition of shares on Nippon Piston Ring's consolidated financial results for the fiscal year ending March 2022 will be minor.
Nippon Piston Ring Co., Ltd. (TSE:6461) completed the acquisition of Normeca Asia Co., Ltd. from Ryo Senda, President and Chief Executive Officer of Normeca Asia Co., Ltd. on January 11, 2022. Reported Earnings • Nov 15
Second quarter 2022 earnings released: EPS JP¥66.47 (vs JP¥115 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¥12.5b (up 36% from 2Q 2021). Net income: JP¥512.0m (up JP¥1.43b from 2Q 2021). Profit margin: 4.1% (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 45% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 11
First quarter 2022 earnings released: EPS JP¥99.67 (vs JP¥126 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥13.0b (up 24% from 1Q 2021). Net income: JP¥765.0m (up JP¥1.79b from 1Q 2021). Profit margin: 5.9% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance. Reported Earnings • Jun 30
Full year 2021 earnings released: JP¥103 loss per share (vs JP¥59.96 profit in FY 2020) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2021 results: Revenue: JP¥45.3b (down 18% from FY 2020). Net loss: JP¥813.0m (down 266% from profit in FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance. Reported Earnings • May 17
Full year 2021 earnings released: JP¥103 loss per share (vs JP¥59.96 profit in FY 2020) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2021 results: Revenue: JP¥45.3b (down 18% from FY 2020). Net loss: JP¥813.0m (down 266% from profit in FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Mar 23
Inaugural dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 29 June 2021. The company last paid an ordinary dividend in June 2020. The average dividend yield among industry peers is 1.9%. Annuncio • Mar 19
Nippon Piston Ring Co., Ltd. to Report Fiscal Year 2021 Results on May 14, 2021 Nippon Piston Ring Co., Ltd. announced that they will report fiscal year 2021 results on May 14, 2021 Reported Earnings • Feb 12
Third quarter 2021 earnings released: EPS JP¥80.04 (vs JP¥56.00 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: JP¥12.5b (down 12% from 3Q 2020). Net income: JP¥632.0m (up 39% from 3Q 2020). Profit margin: 5.1% (up from 3.2% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 93% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 12
New 90-day high: JP¥1,123 The company is up 4.0% from its price of JP¥1,076 on 13 November 2020. The Japanese market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 25% over the same period. Is New 90 Day High Low • Dec 28
New 90-day low: JP¥911 The company is down 14% from its price of JP¥1,064 on 29 September 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 14% over the same period. Annuncio • Dec 19
Nippon Piston Ring Co., Ltd. to Report Q3, 2021 Results on Feb 10, 2021 Nippon Piston Ring Co., Ltd. announced that they will report Q3, 2021 results on Feb 10, 2021 Annuncio • Oct 10
Nippon Piston Ring Co., Ltd. to Report Q2, 2021 Results on Nov 13, 2020 Nippon Piston Ring Co., Ltd. announced that they will report Q2, 2021 results on Nov 13, 2020 
