Annuncio • Jun 30
EPCO Co.,Ltd. to Report Q2, 2026 Results on Aug 07, 2026 EPCO Co.,Ltd. announced that they will report Q2, 2026 results on Aug 07, 2026 Upcoming Dividend • Jun 22
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 29 June 2026. Payment date: 02 September 2026. Payout ratio is a comfortable 61% and the cash payout ratio is 100%. Trailing yield: 4.1%. Within top quartile of Japanese dividend payers (3.9%). Higher than average of industry peers (2.8%). Reported Earnings • May 19
First quarter 2026 earnings released: EPS: JP¥11.17 (vs JP¥5.81 in 1Q 2025) First quarter 2026 results: EPS: JP¥11.17 (up from JP¥5.81 in 1Q 2025). Revenue: JP¥1.61b (up 7.7% from 1Q 2025). Net income: JP¥100.0m (up 92% from 1Q 2025). Profit margin: 6.2% (up from 3.5% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 4% per year. Declared Dividend • Apr 11
Final dividend of JP¥14.00 announced Shareholders will receive a dividend of JP¥14.00. Ex-date: 29th June 2026 Payment date: 2nd September 2026 Dividend yield will be 4.3%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by earnings (68% earnings payout ratio) but not adequately covered by cash flows (100% cash payout ratio). The dividend has increased by an average of 1.5% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend. Reported Earnings • Mar 30
Full year 2025 earnings released: EPS: JP¥47.37 (vs JP¥36.56 in FY 2024) Full year 2025 results: EPS: JP¥47.37 (up from JP¥36.56 in FY 2024). Revenue: JP¥6.25b (up 12% from FY 2024). Net income: JP¥424.0m (up 30% from FY 2024). Profit margin: 6.8% (up from 5.8% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 4% per year. Reported Earnings • Feb 14
Full year 2025 earnings released: EPS: JP¥47.37 (vs JP¥36.56 in FY 2024) Full year 2025 results: EPS: JP¥47.37 (up from JP¥36.56 in FY 2024). Revenue: JP¥6.25b (up 12% from FY 2024). Net income: JP¥424.0m (up 30% from FY 2024). Profit margin: 6.8% (up from 5.8% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 4% per year. Annuncio • Feb 12
EPCO Co.,Ltd., Annual General Meeting, Mar 27, 2026 EPCO Co.,Ltd., Annual General Meeting, Mar 27, 2026. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥21.00 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 26 March 2026. Payout ratio is a comfortable 53% and the cash payout ratio is 80%. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.5%). Reported Earnings • Nov 17
Third quarter 2025 earnings released: EPS: JP¥10.50 (vs JP¥2.68 in 3Q 2024) Third quarter 2025 results: EPS: JP¥10.50 (up from JP¥2.68 in 3Q 2024). Revenue: JP¥1.39b (flat on 3Q 2024). Net income: JP¥94.0m (up 292% from 3Q 2024). Profit margin: 6.7% (up from 1.7% in 3Q 2024). 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 5% per year, which means it is well ahead of earnings. Annuncio • Sep 27
EPCO Co.,Ltd. to Report Q3, 2025 Results on Nov 13, 2025 EPCO Co.,Ltd. announced that they will report Q3, 2025 results on Nov 13, 2025 Declared Dividend • Sep 03
First half dividend of JP¥18.00 announced Dividend of JP¥18.00 is the same as last year. Ex-date: 29th December 2025 Payment date: 26th March 2026 Dividend yield will be 3.8%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by both earnings (61% earnings payout ratio) and cash flows (80% cash payout ratio). The dividend has increased by an average of 1.5% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend. Reported Earnings • Aug 08
Second quarter 2025 earnings released: EPS: JP¥16.65 (vs JP¥4.70 in 2Q 2024) Second quarter 2025 results: EPS: JP¥16.65 (up from JP¥4.70 in 2Q 2024). Revenue: JP¥1.86b (up 29% from 2Q 2024). Net income: JP¥149.0m (up 255% from 2Q 2024). Profit margin: 8.0% (up from 2.9% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Annuncio • Aug 02
EPCO Co.,Ltd. to Report Q2, 2025 Results on Aug 07, 2025 EPCO Co.,Ltd. announced that they will report Q2, 2025 results on Aug 07, 2025 Upcoming Dividend • Jun 20
Upcoming dividend of JP¥14.00 per share Eligible shareholders must have bought the stock before 27 June 2025. Payment date: 03 September 2025. Payout ratio is on the higher end at 79%, and the cash payout ratio is above 100%. Trailing yield: 4.4%. Within top quartile of Japanese dividend payers (4.0%). Higher than average of industry peers (3.4%). New Risk • May 19
New major risk - Revenue and earnings growth Earnings have declined by 0.6% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.6% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (115% cash payout ratio). Profit margins are more than 30% lower than last year (6.3% net profit margin). Market cap is less than US$100m (JP¥6.31b market cap, or US$43.4m). Reported Earnings • May 19
First quarter 2025 earnings released: EPS: JP¥5.81 (vs JP¥2.01 in 1Q 2024) First quarter 2025 results: EPS: JP¥5.81 (up from JP¥2.01 in 1Q 2024). Revenue: JP¥1.49b (up 10% from 1Q 2024). Net income: JP¥52.0m (up 189% from 1Q 2024). Profit margin: 3.5% (up from 1.3% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Annuncio • Apr 16
EPCO Co.,Ltd. to Report Q1, 2025 Results on May 14, 2025 EPCO Co.,Ltd. announced that they will report Q1, 2025 results on May 14, 2025 Declared Dividend • Apr 11
Final dividend of JP¥14.00 announced Dividend of JP¥14.00 is the same as last year. Ex-date: 27th June 2025 Payment date: 3rd September 2025 Dividend yield will be 4.7%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by earnings (88% earnings payout ratio) but not covered by cash flows (115% cash payout ratio). The dividend has increased by an average of 1.5% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to decline by 2.8% to shift the payout ratio to a potentially unsustainable range, which is less than the 5.3% EPS decline seen over the last 5 years. Reported Earnings • Mar 28
Full year 2024 earnings released: EPS: JP¥36.56 (vs JP¥70.09 in FY 2023) Full year 2024 results: EPS: JP¥36.56 (down from JP¥70.09 in FY 2023). Revenue: JP¥5.61b (up 11% from FY 2023). Net income: JP¥327.0m (down 48% from FY 2023). Profit margin: 5.8% (down from 12% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has remained flat, which means it is well ahead of earnings. New Risk • Feb 15
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 5.8% Last year net profit margin: 12% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (115% cash payout ratio). Profit margins are more than 30% lower than last year (5.8% net profit margin). Market cap is less than US$100m (JP¥6.58b market cap, or US$43.2m). Reported Earnings • Feb 15
Full year 2024 earnings released: EPS: JP¥36.56 (vs JP¥70.09 in FY 2023) Full year 2024 results: EPS: JP¥36.56 (down from JP¥70.09 in FY 2023). Revenue: JP¥5.61b (up 11% from FY 2023). Net income: JP¥327.0m (down 48% from FY 2023). Profit margin: 5.8% (down from 12% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Annuncio • Feb 13
EPCO Co.,Ltd., Annual General Meeting, Mar 25, 2025 EPCO Co.,Ltd., Annual General Meeting, Mar 25, 2025. Annuncio • Jan 25
EPCO Co.,Ltd. to Report Fiscal Year 2024 Results on Feb 13, 2025 EPCO Co.,Ltd. announced that they will report fiscal year 2024 results on Feb 13, 2025 Upcoming Dividend • Dec 20
Upcoming dividend of JP¥18.00 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 27 March 2025. Payout ratio is a comfortable 67% but the company is paying out more than the cash it is generating. Trailing yield: 4.1%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (3.3%). Reported Earnings • Nov 15
Third quarter 2024 earnings released: EPS: JP¥2.68 (vs JP¥11.97 in 3Q 2023) Third quarter 2024 results: EPS: JP¥2.68 (down from JP¥11.97 in 3Q 2023). Revenue: JP¥1.40b (up 6.7% from 3Q 2023). Net income: JP¥24.0m (down 78% from 3Q 2023). Profit margin: 1.7% (down from 8.2% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Annuncio • Aug 22
EPCO Co.,Ltd. to Report Q3, 2024 Results on Nov 11, 2024 EPCO Co.,Ltd. announced that they will report Q3, 2024 results on Nov 11, 2024 New Risk • Aug 13
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 147% Dividend yield: 4.1% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (147% cash payout ratio). Large one-off items impacting financial results. Market cap is less than US$100m (JP¥6.76b market cap, or US$45.8m). Declared Dividend • Aug 10
Dividend of JP¥18.00 announced Dividend of JP¥18.00 is the same as last year. Ex-date: 27th December 2024 Payment date: 27th March 2025 Dividend yield will be 4.2%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by both earnings (49% earnings payout ratio) and cash flows (65% cash payout ratio). The dividend has increased by an average of 2.5% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. 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. Annuncio • Aug 09
EPCO Co.,Ltd. Announces Dividend for the Second Quarter-End of the Year Ending December 31, 2024, Payable on September 3, 2024 EPCO Co.,Ltd. announced dividend of JPY 14.00 per share for the second quarter-end of the year ending December 31, 2024 against JPY 14.00 per share paid a year ago. Scheduled date to commence dividend payments is September 3, 2024. Annuncio • Jun 28
EPCO Co.,Ltd. to Report Q2, 2024 Results on Aug 08, 2024 EPCO Co.,Ltd. announced that they will report Q2, 2024 results on Aug 08, 2024 Upcoming Dividend • Jun 20
Upcoming dividend of JP¥14.00 per share Eligible shareholders must have bought the stock before 27 June 2024. Payment date: 04 September 2024. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (3.3%). Reported Earnings • May 17
First quarter 2024 earnings released: EPS: JP¥2.01 (vs JP¥6.16 in 1Q 2023) First quarter 2024 results: EPS: JP¥2.01 (down from JP¥6.16 in 1Q 2023). Revenue: JP¥1.35b (up 15% from 1Q 2023). Net income: JP¥18.0m (down 67% from 1Q 2023). Profit margin: 1.3% (down from 4.7% in 1Q 2023). 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 5% per year, which means it is significantly lagging earnings. Annuncio • May 13
EPCO Co.,Ltd. to Report Q1, 2024 Results on May 13, 2024 EPCO Co.,Ltd. announced that they will report Q1, 2024 results on May 13, 2024 Declared Dividend • Apr 11
Final dividend of JP¥14.00 announced Dividend of JP¥14.00 is the same as last year. Ex-date: 27th June 2024 Payment date: 4th September 2024 Dividend yield will be 3.7%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is not adequately covered by earnings (99% earnings payout ratio). However, it is covered by cash flows (65% cash payout ratio). The dividend has increased by an average of 2.5% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 10.0% to bring the payout ratio under control, which is less than the 17% EPS growth achieved over the last 5 years. Reported Earnings • Mar 30
Full year 2023 earnings released: EPS: JP¥70.09 (vs JP¥40.25 in FY 2022) Full year 2023 results: EPS: JP¥70.09 (up from JP¥40.25 in FY 2022). Revenue: JP¥5.06b (up 5.0% from FY 2022). Net income: JP¥626.0m (up 74% from FY 2022). Profit margin: 12% (up from 7.5% in FY 2022). 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 3% per year, which means it is significantly lagging earnings. Annuncio • Feb 15
EPCO Co.,Ltd., Annual General Meeting, Mar 26, 2024 EPCO Co.,Ltd., Annual General Meeting, Mar 26, 2024. Reported Earnings • Feb 15
Full year 2023 earnings released: EPS: JP¥70.09 (vs JP¥40.25 in FY 2022) Full year 2023 results: EPS: JP¥70.09 (up from JP¥40.25 in FY 2022). Revenue: JP¥5.06b (up 5.0% from FY 2022). Net income: JP¥626.0m (up 74% from FY 2022). Profit margin: 12% (up from 7.5% in FY 2022). 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 2% per year, which means it is significantly lagging earnings. Annuncio • Feb 11
EPCO Co.,Ltd. to Report Fiscal Year 2023 Results on Feb 13, 2024 EPCO Co.,Ltd. announced that they will report fiscal year 2023 results on Feb 13, 2024 Upcoming Dividend • Dec 21
Upcoming dividend of JP¥18.00 per share at 3.7% yield Eligible shareholders must have bought the stock before 28 December 2023. Payment date: 27 March 2024. Payout ratio is on the higher end at 99%, and the cash payout ratio is above 100%. Trailing yield: 3.7%. Within top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (3.2%). Reported Earnings • Nov 09
Third quarter 2023 earnings released: EPS: JP¥11.97 (vs JP¥7.73 in 3Q 2022) Third quarter 2023 results: EPS: JP¥11.97 (up from JP¥7.73 in 3Q 2022). Revenue: JP¥1.31b (up 8.1% from 3Q 2022). Net income: JP¥107.0m (up 55% from 3Q 2022). Profit margin: 8.2% (up from 5.7% in 3Q 2022). 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 10% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 11
Second quarter 2023 earnings released: EPS: JP¥13.66 (vs JP¥14.13 in 2Q 2022) Second quarter 2023 results: EPS: JP¥13.66 (down from JP¥14.13 in 2Q 2022). Revenue: JP¥1.23b (up 2.3% from 2Q 2022). Net income: JP¥122.0m (down 3.2% from 2Q 2022). Profit margin: 9.9% (in line with 2Q 2022). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Upcoming Dividend • Jun 22
Upcoming dividend of JP¥14.00 per share at 4.2% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 04 September 2023. Payout ratio is a comfortable 75% but the company is not cash flow positive. Trailing yield: 4.2%. Within top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (3.4%). Reported Earnings • May 15
First quarter 2023 earnings released: EPS: JP¥6.16 (vs JP¥3.70 in 1Q 2022) First quarter 2023 results: EPS: JP¥6.16 (up from JP¥3.70 in 1Q 2022). Revenue: JP¥1.18b (flat on 1Q 2022). Net income: JP¥55.0m (up 67% from 1Q 2022). Profit margin: 4.7% (up from 2.8% in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 29
Full year 2022 earnings released: EPS: JP¥40.25 (vs JP¥73.83 in FY 2021) Full year 2022 results: EPS: JP¥40.25 (down from JP¥73.83 in FY 2021). Revenue: JP¥4.82b (up 2.6% from FY 2021). Net income: JP¥359.0m (down 45% from FY 2021). Profit margin: 7.5% (down from 14% in FY 2021). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 15
Full year 2022 earnings released: EPS: JP¥40.25 (vs JP¥73.83 in FY 2021) Full year 2022 results: EPS: JP¥40.25 (down from JP¥73.83 in FY 2021). Revenue: JP¥4.82b (up 2.6% from FY 2021). Net income: JP¥359.0m (down 45% from FY 2021). Profit margin: 7.5% (down from 14% in FY 2021). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Annuncio • Feb 14
EPCO Co.,Ltd. to Report Fiscal Year 2022 Results on Feb 13, 2023 EPCO Co.,Ltd. announced that they will report fiscal year 2022 results on Feb 13, 2023 Upcoming Dividend • Dec 22
Upcoming dividend of JP¥18.00 per share Eligible shareholders must have bought the stock before 29 December 2022. Payment date: 28 March 2023. Payout ratio is a comfortable 24% but the company is paying out more than the cash it is generating. Trailing yield: 4.9%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (3.7%). Board Change • Nov 16
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Outside Director Masashi Watanabe was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 12
Third quarter 2022 earnings released: EPS: JP¥7.73 (vs JP¥9.09 in 3Q 2021) Third quarter 2022 results: EPS: JP¥7.73 (down from JP¥9.09 in 3Q 2021). Revenue: JP¥1.21b (flat on 3Q 2021). Net income: JP¥69.0m (down 15% from 3Q 2021). Profit margin: 5.7% (down from 6.8% in 3Q 2021). 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 23% per year, which means it is significantly lagging earnings. Annuncio • Nov 11
EPCO Co.,Ltd. Provides Year End Dividend Guidance for the Full Year Ending December 31, 2022 EPCO Co.,Ltd. provided year end dividend guidance for the full year ending December 31, 2022. For the period, the company expected dividend of JPY 18.00 per share compared to JPY 19.50 per share paid a year ago. Annuncio • Aug 23
EPCO Co.,Ltd. Provides Consolidated Earnings Guidance for the Full Year Ending December 31, 2022 EPCO Co.,Ltd. provided consolidated earnings guidance for the full year ending December 31, 2022. For the six months, the company expects net sales of ¥4,848 million, operating profit of ¥125 million, profit attributable to owners of parent of ¥276 million and earnings per share of ¥31.07. Reported Earnings • Aug 12
Second quarter 2022 earnings released: EPS: JP¥14.13 (vs JP¥4.26 in 2Q 2021) Second quarter 2022 results: EPS: JP¥14.13 (up from JP¥4.26 in 2Q 2021). Revenue: JP¥1.20b (up 7.8% from 2Q 2021). Net income: JP¥126.0m (up 232% from 2Q 2021). Profit margin: 11% (up from 3.4% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Upcoming Dividend • Jun 22
Upcoming dividend of JP¥14.00 per share Eligible shareholders must have bought the stock before 29 June 2022. Payment date: 02 September 2022. Payout ratio is a comfortable 45% but the company is paying out more than the cash it is generating. Trailing yield: 4.8%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (3.6%). Reported Earnings • May 13
First quarter 2022 earnings released: EPS: JP¥3.70 (vs JP¥6.28 in 1Q 2021) First quarter 2022 results: EPS: JP¥3.70 (down from JP¥6.28 in 1Q 2021). Revenue: JP¥1.18b (up 1.7% from 1Q 2021). Net income: JP¥33.0m (down 41% from 1Q 2021). Profit margin: 2.8% (down from 4.8% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Board Change • Apr 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Outside Director Masashi Watanabe was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 17
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: JP¥73.83 (up from JP¥49.15 in FY 2020). Revenue: JP¥4.70b (up 7.2% from FY 2020). Net income: JP¥658.0m (up 50% from FY 2020). Profit margin: 14% (up from 10.0% in FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥19.50 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 29 March 2022. Payout ratio is a comfortable 67% and the cash payout ratio is 97%. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (3.3%). Reported Earnings • Nov 13
Third quarter 2021 earnings released: EPS JP¥9.09 (vs JP¥4.71 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥1.20b (up 9.1% from 3Q 2020). Net income: JP¥81.0m (up 93% from 3Q 2020). Profit margin: 6.8% (up from 3.8% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Upcoming Dividend • Jun 23
Upcoming dividend of JP¥12.50 per share Eligible shareholders must have bought the stock before 29 June 2021. Payment date: 02 September 2021. Trailing yield: 3.2%. Within top quartile of Japanese dividend payers (3.1%). In line with average of industry peers (3.2%). Reported Earnings • May 15
First quarter 2021 earnings released: EPS JP¥6.28 (vs JP¥15.04 in 1Q 2020) The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: JP¥1.16b (up 15% from 1Q 2020). Net income: JP¥56.0m (down 58% from 1Q 2020). Profit margin: 4.8% (down from 13% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 31
Full year 2020 earnings released: EPS JP¥49.15 (vs JP¥48.03 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: JP¥4.38b (up 5.5% from FY 2019). Net income: JP¥438.0m (up 2.3% from FY 2019). Profit margin: 10.0% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Feb 18
New 90-day low: JP¥927 The company is down 10.0% from its price of JP¥1,035 on 20 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 6.0% over the same period. Reported Earnings • Feb 14
Full year 2020 earnings released: EPS JP¥49.15 (vs JP¥48.03 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: JP¥4.38b (up 5.5% from FY 2019). Net income: JP¥438.0m (up 2.3% from FY 2019). Profit margin: 10.0% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Annuncio • Jan 14
EPCO Co.,Ltd. to Report Q4, 2020 Results on Feb 12, 2021 EPCO Co.,Ltd. announced that they will report Q4, 2020 results on Feb 12, 2021 Upcoming Dividend • Dec 22
Upcoming Dividend of JP¥15.00 Per Share Will be paid on the 27th of March to those who are registered shareholders by the 29th of December. The trailing yield of 2.8% is below the top quartile of Japanese dividend payers (3.0%), but is in line with industry peers (3.0%). Annuncio • Sep 08
SB Power Corp. agreed to acquire ENESAP business from EPCO Co.,Ltd. (TSE:2311) for approximately ¥320 million. SB Power Corp. agreed to acquire ENESAP business from EPCO Co.,Ltd. (TSE:2311) for approximately ¥320 million on September 7, 2020. for the year ended 31 December, 2019, ENESAP business reported Total revenue of ¥4.15 billion and EBIT of ¥560 million. Transaction is expected to close on October 1, 2020. 
