Board Change • Jun 09
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. 5 experienced directors. 4 highly experienced directors. 3 independent directors (7 non-independent directors). Independent Outside Director Koichi Morita 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. Insufficient board refreshment. Board Change • May 20
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. 5 experienced directors. 4 highly experienced directors. 3 independent directors (7 non-independent directors). Independent Outside Director Koichi Morita 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. Insufficient board refreshment. Annuncio • Sep 12
Saita Corporation, Annual General Meeting, Sep 29, 2025 Saita Corporation, Annual General Meeting, Sep 29, 2025, at 10:00 Tokyo Standard Time. Location: 472 shimobuchi, fukuoka prefecture, company`s second-floor conference room, asakura Japan Reported Earnings • Oct 03
Full year 2024 earnings released: EPS: JP¥1,131 (vs JP¥589 in FY 2023) Full year 2024 results: EPS: JP¥1,131 (up from JP¥589 in FY 2023). Revenue: JP¥4.68b (down 20% from FY 2023). Net income: JP¥713.0m (up 92% from FY 2023). Profit margin: 15% (up from 6.4% 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 10% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 22
Full year 2024 earnings released: EPS: JP¥1,131 (vs JP¥589 in FY 2023) Full year 2024 results: EPS: JP¥1,131 (up from JP¥589 in FY 2023). Revenue: JP¥4.68b (down 20% from FY 2023). Net income: JP¥713.0m (up 92% from FY 2023). Profit margin: 15% (up from 6.4% 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 10% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Annuncio • Jun 25
Saita Corporation (FKSE:1999) agreed to acquire an additional 22.20% stake in Asakura Fresh Concrete Co., Ltd. from Toshihiko Hano. Saita Corporation (FKSE:1999) agreed to acquire an additional 22.20% stake in Asakura Fresh Concrete Co., Ltd. from Toshihiko Hano on June 24, 2024. Upon completion, Saita Corporation will own 71% stake in Asakura Fresh Concrete Co., Ltd. The expected completion of the transaction is June 30, 2024. Upcoming Dividend • Jun 20
Upcoming dividend of JP¥60.00 per share Eligible shareholders must have bought the stock before 27 June 2024. Payment date: 28 September 2024. Payout ratio is a comfortable 5.8% but the company is not cash flow positive. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (3.3%). Reported Earnings • May 17
Third quarter 2024 earnings released: EPS: JP¥303 (vs JP¥219 in 3Q 2023) Third quarter 2024 results: EPS: JP¥303 (up from JP¥219 in 3Q 2023). Revenue: JP¥1.25b (down 20% from 3Q 2023). Net income: JP¥191.0m (up 38% from 3Q 2023). Profit margin: 15% (up from 8.9% in 3Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Feb 11
Second quarter 2024 earnings released: EPS: JP¥141 (vs JP¥206 in 2Q 2023) Second quarter 2024 results: EPS: JP¥141 (down from JP¥206 in 2Q 2023). Revenue: JP¥1.06b (down 30% from 2Q 2023). Net income: JP¥89.0m (down 32% from 2Q 2023). Profit margin: 8.4% (down from 8.6% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Jan 10
No independent directors 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. 4 experienced directors. 5 highly experienced directors. No independent directors (7 non-independent directors). Director Yoshiro Saita was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Nov 12
First quarter 2024 earnings released: EPS: JP¥525 (vs JP¥106 in 1Q 2023) First quarter 2024 results: EPS: JP¥525 (up from JP¥106 in 1Q 2023). Revenue: JP¥1.10b (down 15% from 1Q 2023). Net income: JP¥331.0m (up 394% from 1Q 2023). Profit margin: 30% (up from 5.2% 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 2% per year whereas the company’s share price has increased by 7% per year. Board Change • Nov 11
No independent directors 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. 4 experienced directors. 5 highly experienced directors. No independent directors (7 non-independent directors). Director Yoshiro Saita was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Sep 30
No independent directors 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. 4 experienced directors. 5 highly experienced directors. No independent directors (7 non-independent directors). Director Yoshiro Saita was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Annuncio • Sep 29
Saita Corporation (FKSE:1999) agreed to acquire 29% stake in Asakura Fresh Concrete Co., Ltd. from seven individual. Saita Corporation (FKSE:1999) agreed to acquire 29% stake in Asakura Fresh Concrete Co., Ltd. from seven individual on September 27, 2023. The transaction is expected to complete on September 29, 2023. Reported Earnings • Aug 21
Full year 2023 earnings released: EPS: JP¥589 (vs JP¥807 in FY 2022) Full year 2023 results: EPS: JP¥589 (down from JP¥807 in FY 2022). Revenue: JP¥5.82b (down 2.3% from FY 2022). Net income: JP¥371.0m (down 27% from FY 2022). Profit margin: 6.4% (down from 8.5% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Upcoming Dividend • Jun 22
Upcoming dividend of JP¥60.00 per share at 2.2% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 29 September 2023. Payout ratio is a comfortable 8.2% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.5%). Lower than average of industry peers (3.4%). Reported Earnings • May 16
Third quarter 2023 earnings released: EPS: JP¥219 (vs JP¥338 in 3Q 2022) Third quarter 2023 results: EPS: JP¥219 (down from JP¥338 in 3Q 2022). Revenue: JP¥1.56b (down 5.7% from 3Q 2022). Net income: JP¥138.0m (down 35% from 3Q 2022). Profit margin: 8.9% (down from 13% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Board Change • Apr 01
No independent directors 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. 4 experienced directors. 5 highly experienced directors. No independent directors (7 non-independent directors). Director Yoshiro Saita was the last director to join the board, commencing their role in 2022. 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 • Feb 14
Second quarter 2023 earnings released: EPS: JP¥206 (vs JP¥221 in 2Q 2022) Second quarter 2023 results: EPS: JP¥206 (down from JP¥221 in 2Q 2022). Revenue: JP¥1.50b (down 8.1% from 2Q 2022). Net income: JP¥130.0m (down 6.5% from 2Q 2022). Profit margin: 8.6% (in line with 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 1% per year. Board Change • Dec 14
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. 4 experienced directors. 5 highly experienced directors. No independent directors (6 non-independent directors). Director Toshihiro Maeda was the last 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: Lack of independent directors. Insufficient board refreshment. 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. 4 experienced directors. 5 highly experienced directors. No independent directors (6 non-independent directors). Director Toshihiro Maeda was the last 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: Lack of independent directors. Insufficient board refreshment. Board Change • Oct 07
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. 4 experienced directors. 5 highly experienced directors. No independent directors (6 non-independent directors). Director Toshihiro Maeda was the last 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: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Aug 21
Full year 2022 earnings released: EPS: JP¥807 (vs JP¥866 in FY 2021) Full year 2022 results: EPS: JP¥807 (down from JP¥866 in FY 2021). Revenue: JP¥5.96b (down 7.4% from FY 2021). Net income: JP¥509.0m (down 6.8% from FY 2021). Profit margin: 8.5% (in line with FY 2021). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Board Change • Jul 07
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. 4 experienced directors. 5 highly experienced directors. No independent directors (6 non-independent directors). Director Toshihiro Maeda was the last 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: Lack of independent directors. Insufficient board refreshment. Upcoming Dividend • Jun 22
Upcoming dividend of JP¥60.00 per share Eligible shareholders must have bought the stock before 29 June 2022. Payment date: 30 September 2022. Payout ratio is a comfortable 9.1% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (3.6%). Board Change • Jun 10
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. 4 experienced directors. 5 highly experienced directors. No independent directors (6 non-independent directors). Director Toshihiro Maeda was the last 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: Lack of independent directors. Insufficient board refreshment. Board Change • May 13
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. 4 experienced directors. 5 highly experienced directors. No independent directors (6 non-independent directors). Director Toshihiro Maeda was the last 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: Lack of independent directors. Insufficient board refreshment. 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. 4 experienced directors. 5 highly experienced directors. No independent directors (6 non-independent directors). Director Toshihiro Maeda was the last 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: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Feb 17
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Second quarter 2022 results: EPS: JP¥220 (down from JP¥262 in 2Q 2021). Revenue: JP¥1.64b (down 12% from 2Q 2021). Net income: JP¥139.0m (down 16% from 2Q 2021). Profit margin: 8.5% (down from 8.8% in 2Q 2021). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 2% per year. Board Change • Dec 07
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Director Toshihiro Maeda was the last director to join the board, commencing their role in 2019. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 15
First quarter 2022 earnings released: EPS JP¥52.34 (vs JP¥96.83 in 1Q 2021) The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2022 results: Revenue: JP¥1.23b (up 2.2% from 1Q 2021). Net income: JP¥33.0m (down 46% from 1Q 2021). Profit margin: 2.7% (down from 5.1% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Nov 05
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Director Toshihiro Maeda was the last director to join the board, commencing their role in 2019. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 05
Full year 2021 earnings released: EPS JP¥866 (vs JP¥831 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥6.43b (down 16% from FY 2020). Net income: JP¥546.0m (up 4.2% from FY 2020). Profit margin: 8.5% (up from 6.9% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 11% per year. Reported Earnings • Aug 23
Full year 2021 earnings released: EPS JP¥866 (vs JP¥831 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥6.43b (down 16% from FY 2020). Net income: JP¥546.0m (up 4.2% from FY 2020). Profit margin: 8.5% (up from 6.9% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 9% per year. Upcoming Dividend • Jun 22
Upcoming dividend of JP¥50.00 per share Eligible shareholders must have bought the stock before 29 June 2021. Payment date: 30 September 2021. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.1%). Lower than average of industry peers (3.2%). Reported Earnings • Feb 14
Second quarter 2021 earnings released: EPS JP¥262 (vs JP¥221 in 2Q 2020) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: JP¥1.87b (down 7.9% from 2Q 2020). Net income: JP¥165.0m (up 19% from 2Q 2020). Profit margin: 8.8% (up from 6.9% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Feb 06
New 90-day low: JP¥1,910 The company is down 13% from its price of JP¥2,200 on 04 November 2020. The Japanese market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 9.0% over the same period. Is New 90 Day High Low • Jan 29
New 90-day low: JP¥1,920 The company is down 15% from its price of JP¥2,272 on 30 October 2020. The Japanese market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 11% over the same period. Is New 90 Day High Low • Nov 19
New 90-day low: JP¥2,050 The company is down 9.0% from its price of JP¥2,249 on 19 August 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 2.0% over the same period. Reported Earnings • Oct 03
Full year earnings released - EPS JP¥831 Over the last 12 months the company has reported total profits of JP¥524.0m, down 2.3% from the prior year. Total revenue was JP¥7.61b over the last 12 months, up 13% from the prior year. Profit margins were 6.9%, which is lower than the 8.0% margin from last year. The decrease in margin was driven by higher expenses. Is New 90 Day High Low • Sep 29
New 90-day high: JP¥2,385 The company is up 8.0% from its price of JP¥2,200 on 30 June 2020. The Japanese market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is up 2.0% over the same period.