Reported Earnings • May 18
Full year 2026 earnings: Revenues and EPS in line with analyst expectations Full year 2026 results: EPS: JP¥269 (down from JP¥292 in FY 2025). Revenue: JP¥24.2b (up 7.6% from FY 2025). Net income: JP¥2.03b (down 9.4% from FY 2025). Profit margin: 8.4% (down from 10.0% in FY 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 3.1% growth forecast for the Consumer Durables industry in Japan. 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 13% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • May 13
Nihon Trim Co., Ltd., Annual General Meeting, Jun 23, 2026 Nihon Trim Co., Ltd., Annual General Meeting, Jun 23, 2026. Annuncio • May 10
Nihon Trim Co., Ltd. to Report Fiscal Year 2026 Results on May 15, 2026 Nihon Trim Co., Ltd. announced that they will report fiscal year 2026 results on May 15, 2026 Buy Or Sell Opportunity • Apr 09
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 13% to JP¥4,350. The fair value is estimated to be JP¥5,498, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 8.7%. Revenue is forecast to grow by 24% in 2 years. Earnings are forecast to grow by 21% in the next 2 years. Buy Or Sell Opportunity • Mar 23
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 13% to JP¥4,375. The fair value is estimated to be JP¥5,664, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 8.7%. Revenue is forecast to grow by 24% in 2 years. Earnings are forecast to grow by 21% in the next 2 years. Reported Earnings • Feb 14
Third quarter 2026 earnings released: EPS: JP¥60.73 (vs JP¥72.62 in 3Q 2025) Third quarter 2026 results: EPS: JP¥60.73 (down from JP¥72.62 in 3Q 2025). Revenue: JP¥5.94b (up 5.9% from 3Q 2025). Net income: JP¥454.0m (down 18% from 3Q 2025). Profit margin: 7.6% (down from 9.9% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Consumer Durables industry in Japan. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Jan 28
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.5% to JP¥4,730. The fair value is estimated to be JP¥5,930, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 14%. Revenue is forecast to grow by 22% in 2 years. Earnings are forecast to grow by 15% in the next 2 years. Annuncio • Jan 06
Nihon Trim Co., Ltd. to Report Q3, 2026 Results on Feb 12, 2026 Nihon Trim Co., Ltd. announced that they will report Q3, 2026 results on Feb 12, 2026 Reported Earnings • Nov 15
Second quarter 2026 earnings released: EPS: JP¥93.17 (vs JP¥96.28 in 2Q 2025) Second quarter 2026 results: EPS: JP¥93.17 (down from JP¥96.28 in 2Q 2025). Revenue: JP¥6.46b (up 9.4% from 2Q 2025). Net income: JP¥704.8m (down 4.5% from 2Q 2025). Profit margin: 11% (down from 13% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 1.5% growth forecast for the Consumer Durables industry in Japan. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Nov 14
Dividend of JP¥130 announced Shareholders will receive a dividend of JP¥130. Ex-date: 30th March 2026 Payment date: 25th June 2026 Dividend yield will be 2.6%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is covered by both earnings (48% earnings payout ratio) and cash flows (56% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 23% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annuncio • Oct 03
Nihon Trim Co., Ltd. to Report Q2, 2026 Results on Nov 12, 2025 Nihon Trim Co., Ltd. announced that they will report Q2, 2026 results on Nov 12, 2025 Reported Earnings • Aug 08
First quarter 2026 earnings released: EPS: JP¥52.38 (vs JP¥85.20 in 1Q 2025) First quarter 2026 results: EPS: JP¥52.38 (down from JP¥85.20 in 1Q 2025). Revenue: JP¥5.95b (up 4.7% from 1Q 2025). Net income: JP¥401.0m (down 39% from 1Q 2025). Profit margin: 6.7% (down from 12% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 1.4% growth forecast for the Consumer Durables industry in Japan. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 21% per year. Annuncio • Jul 08
Nihon Trim Co., Ltd. to Report Q1, 2026 Results on Aug 07, 2025 Nihon Trim Co., Ltd. announced that they will report Q1, 2026 results on Aug 07, 2025 Reported Earnings • Jun 27
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: JP¥292 (up from JP¥280 in FY 2024). Revenue: JP¥22.5b (up 10.0% from FY 2024). Net income: JP¥2.24b (up 4.2% from FY 2024). Profit margin: 10.0% (in line with FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.6%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 1.1% growth forecast for the Consumer Durables industry in Japan. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 20% per year. Major Estimate Revision • May 27
Consensus EPS estimates fall by 19% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from JP¥372 to JP¥300. Revenue forecast unchanged from JP¥25.0b at last update. Net income forecast to grow 2.6% next year vs 7.0% growth forecast for Consumer Durables industry in Japan. Consensus price target down from JP¥7,500 to JP¥7,000. Share price fell 2.7% to JP¥4,005 over the past week. Reported Earnings • May 15
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: JP¥292 (up from JP¥280 in FY 2024). Revenue: JP¥22.5b (up 10.0% from FY 2024). Net income: JP¥2.24b (up 4.2% from FY 2024). Profit margin: 10.0% (in line with FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.6%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, while revenues in the Consumer Durables industry in Japan are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • May 14
Nihon Trim Co., Ltd. (TSE:6788) announces an Equity Buyback for 250,000 shares, representing 3.26% for ¥1,200 million. Nihon Trim Co., Ltd. (TSE:6788) announces a share repurchase program. Under the program, the company will repurchase up to 250,000 shares, representing 3.26% of its issued share capital, for ¥ 1,200 million. The purpose of the program is to enhance shareholder returns and improve capital efficiency. The program is valid till December 31, 2025. As of March 31, 2025, the company had 7,667,524 outstanding shares (excluding treasury stock) and 989,256 treasury shares. Annuncio • May 13
Nihon Trim Co., Ltd., Annual General Meeting, Jun 24, 2025 Nihon Trim Co., Ltd., Annual General Meeting, Jun 24, 2025. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥3,935, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 10x in the Consumer Durables industry in Japan. Total returns to shareholders of 84% over the past three years. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥130 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 26 June 2025. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.5%). Reported Earnings • Feb 15
Third quarter 2025 earnings released: EPS: JP¥72.54 (vs JP¥67.45 in 3Q 2024) Third quarter 2025 results: EPS: JP¥72.54 (up from JP¥67.45 in 3Q 2024). Revenue: JP¥5.61b (up 8.5% from 3Q 2024). Net income: JP¥556.0m (up 7.5% from 3Q 2024). Profit margin: 9.9% (in line with 3Q 2024). Revenue is forecast to grow 14% p.a. on average during the next 3 years, while revenues in the Consumer Durables industry in Japan are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 12% per year and the company’s share price has also increased by 12% per year. Annuncio • Jan 21
Nihon Trim Co., Ltd. to Report Q3, 2025 Results on Feb 13, 2025 Nihon Trim Co., Ltd. announced that they will report Q3, 2025 results on Feb 13, 2025 Declared Dividend • Nov 16
Dividend of JP¥95.00 announced Shareholders will receive a dividend of JP¥95.00. Ex-date: 28th March 2025 Payment date: 26th June 2025 Dividend yield will be 2.8%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is well covered by both earnings (29% earnings payout ratio) and cash flows (32% cash payout ratio). The dividend has increased by an average of 6.6% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 50% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Nov 13
Now 21% undervalued The stock has been flat over the last 90 days, currently trading at JP¥3,435. The fair value is estimated to be JP¥4,371, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 4.5%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings are also forecast to grow by 14% per annum over the same time period. Buy Or Sell Opportunity • Oct 23
Now 20% undervalued Over the last 90 days, the stock has risen 4.1% to JP¥3,465. The fair value is estimated to be JP¥4,334, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 4.5%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings are also forecast to grow by 14% per annum over the same time period. Annuncio • Oct 22
Nihon Trim Co., Ltd. to Report Q2, 2025 Results on Nov 12, 2024 Nihon Trim Co., Ltd. announced that they will report Q2, 2025 results on Nov 12, 2024 New Risk • Sep 17
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Buy Or Sell Opportunity • Aug 21
Now 20% undervalued Over the last 90 days, the stock has risen 7.9% to JP¥3,500. The fair value is estimated to be JP¥4,375, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 3.8%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings are also forecast to grow by 14% per annum over the same time period. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to JP¥2,725, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 11x in the Consumer Durables industry in Japan. Total loss to shareholders of 22% over the past three years. Annuncio • Jul 05
Nihon Trim Co., Ltd. to Report Q1, 2025 Results on Aug 07, 2024 Nihon Trim Co., Ltd. announced that they will report Q1, 2025 results on Aug 07, 2024 Reported Earnings • May 18
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: JP¥280 (up from JP¥215 in FY 2023). Revenue: JP¥20.4b (up 14% from FY 2023). Net income: JP¥2.15b (up 31% from FY 2023). Profit margin: 11% (up from 9.2% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.3%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Consumer Durables industry in Japan. 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 • May 17
Nihon Trim Co., Ltd., Annual General Meeting, Jun 25, 2024 Nihon Trim Co., Ltd., Annual General Meeting, Jun 25, 2024. Annuncio • Apr 20
Nihon Trim Co., Ltd. to Report Q4, 2024 Results on May 14, 2024 Nihon Trim Co., Ltd. announced that they will report Q4, 2024 results on May 14, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥85.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 24 June 2024. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.6%). Reported Earnings • Feb 09
Third quarter 2024 earnings released: EPS: JP¥67.45 (vs JP¥44.62 in 3Q 2023) Third quarter 2024 results: EPS: JP¥67.45 (up from JP¥44.62 in 3Q 2023). Revenue: JP¥5.17b (up 19% from 3Q 2023). Net income: JP¥517.0m (up 51% from 3Q 2023). Profit margin: 10.0% (up from 7.9% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Annuncio • Dec 28
Nihon Trim Co., Ltd. to Report Q3, 2024 Results on Feb 07, 2024 Nihon Trim Co., Ltd. announced that they will report Q3, 2024 results on Feb 07, 2024 Reported Earnings • Nov 09
Second quarter 2024 earnings released: EPS: JP¥100 (vs JP¥67.84 in 2Q 2023) Second quarter 2024 results: EPS: JP¥100 (up from JP¥67.84 in 2Q 2023). Revenue: JP¥5.66b (up 19% from 2Q 2023). Net income: JP¥768.0m (up 48% from 2Q 2023). Profit margin: 14% (up from 11% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Consumer Durables industry in Japan. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Annuncio • Oct 07
Nihon Trim Co., Ltd. to Report Q2, 2024 Results on Nov 08, 2023 Nihon Trim Co., Ltd. announced that they will report Q2, 2024 results on Nov 08, 2023 Reported Earnings • Aug 09
First quarter 2024 earnings released: EPS: JP¥55.45 (vs JP¥42.66 in 1Q 2023) First quarter 2024 results: EPS: JP¥55.45 (up from JP¥42.66 in 1Q 2023). Revenue: JP¥4.80b (up 11% from 1Q 2023). Net income: JP¥425.0m (up 30% from 1Q 2023). Profit margin: 8.9% (up from 7.5% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Consumer Durables industry in Japan. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Annuncio • Jul 12
Nihon Trim Co., Ltd. to Report Q1, 2024 Results on Aug 08, 2023 Nihon Trim Co., Ltd. announced that they will report Q1, 2024 results on Aug 08, 2023 Buying Opportunity • Jul 06
Now 22% undervalued Over the last 90 days, the stock is up 12%. The fair value is estimated to be JP¥4,252, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.1% over the last 3 years. Earnings per share has grown by 45%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings is also forecast to grow by 17% per annum over the same time period. Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥3,465, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 13x in the Consumer Durables industry in Japan. Total returns to shareholders of 17% over the past three years. Reported Earnings • May 13
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: JP¥215 (down from JP¥250 in FY 2022). Revenue: JP¥18.0b (up 10% from FY 2022). Net income: JP¥1.65b (down 15% from FY 2022). Profit margin: 9.2% (down from 12% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 14%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Consumer Durables industry in Japan. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Annuncio • May 13
Nihon Trim Co., Ltd., Annual General Meeting, Jun 22, 2023 Nihon Trim Co., Ltd., Annual General Meeting, Jun 22, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥120 per share at 4.0% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 22 June 2023. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.8%). Reported Earnings • Feb 10
Third quarter 2023 earnings released: EPS: JP¥44.62 (vs JP¥39.64 in 3Q 2022) Third quarter 2023 results: EPS: JP¥44.62 (up from JP¥39.64 in 3Q 2022). Revenue: JP¥4.33b (up 5.6% from 3Q 2022). Net income: JP¥342.0m (up 11% from 3Q 2022). Profit margin: 7.9% (up from 7.5% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Consumer Durables industry in Japan. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Annuncio • Dec 29
Nihon Trim Co., Ltd. to Report Q3, 2023 Results on Feb 07, 2023 Nihon Trim Co., Ltd. announced that they will report Q3, 2023 results on Feb 07, 2023 Major Estimate Revision • Nov 22
Consensus forecasts updated The consensus outlook for 2023 has been updated. 2023 revenue forecast fell from JP¥18.5b to JP¥18.2b. EPS estimate rose from JP¥174 to JP¥202. Net income forecast to grow 24% next year vs 11% growth forecast for Consumer Durables industry in Japan. Consensus price target of JP¥5,600 unchanged from last update. Share price was steady at JP¥2,428 over the past week. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Outside Director Kuniya Daini was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 10
Second quarter 2023 earnings released: EPS: JP¥67.84 (vs JP¥102 in 2Q 2022) Second quarter 2023 results: EPS: JP¥67.84 (down from JP¥102 in 2Q 2022). Revenue: JP¥4.75b (up 7.6% from 2Q 2022). Net income: JP¥520.0m (down 34% from 2Q 2022). Profit margin: 11% (down from 18% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Consumer Durables industry in Japan. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 05
First quarter 2023 earnings released: EPS: JP¥42.66 (vs JP¥85.40 in 1Q 2022) First quarter 2023 results: EPS: JP¥42.66 (down from JP¥85.40 in 1Q 2022). Revenue: JP¥4.33b (up 8.4% from 1Q 2022). Net income: JP¥327.0m (down 51% from 1Q 2022). Profit margin: 7.5% (down from 17% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 14%, compared to a 11% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 26
Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2022 results: EPS: JP¥250 (up from JP¥195 in FY 2021). Revenue: JP¥16.3b (up 9.2% from FY 2021). Net income: JP¥1.94b (up 27% from FY 2021). Profit margin: 12% (up from 10% in FY 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.1%. Earnings per share (EPS) exceeded analyst estimates by 1.7%. Over the next year, revenue is forecast to grow 12%, compared to a 9.1% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Reported Earnings • May 16
Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2022 results: EPS: JP¥250 (up from JP¥195 in FY 2021). Revenue: JP¥16.3b (up 9.2% from FY 2021). Net income: JP¥1.94b (up 27% from FY 2021). Profit margin: 12% (up from 10% in FY 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.1%. Earnings per share (EPS) exceeded analyst estimates by 1.7%. Over the next year, revenue is forecast to grow 14%, compared to a 7.1% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Board Change • Apr 27
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. 6 non-independent directors. Outside Director Kuniya Daini was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥60.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 23 June 2022. Payout ratio is a comfortable 22% but the company is paying out more than the cash it is generating. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.6%). Reported Earnings • Feb 09
Third quarter 2022 earnings: EPS and revenues miss analyst expectations Third quarter 2022 results: EPS: JP¥39.64 (down from JP¥51.70 in 3Q 2021). Revenue: JP¥4.10b (up 8.5% from 3Q 2021). Net income: JP¥307.0m (down 24% from 3Q 2021). Profit margin: 7.5% (down from 11% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 5.1%. Earnings per share (EPS) also missed analyst estimates by 7.3%. Over the next year, revenue is forecast to grow 15%, compared to a 5.2% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Price Target Changed • Nov 18
Price target increased to JP¥6,500 Up from JP¥6,000, the current price target is provided by 1 analyst. New target price is 89% above last closing price of JP¥3,445. Stock is down 11% over the past year. The company is forecast to post earnings per share of JP¥270 for next year compared to JP¥195 last year. Reported Earnings • Nov 10
Second quarter 2022 earnings released: EPS JP¥102 (vs JP¥63.90 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥4.41b (up 12% from 2Q 2021). Net income: JP¥791.0m (up 59% from 2Q 2021). Profit margin: 18% (up from 13% in 2Q 2021). The increase in margin was driven by higher revenue. 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 17% per year, which means it is significantly lagging earnings. Major Estimate Revision • Aug 19
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast fell from JP¥17.4b to JP¥16.9b. EPS estimate rose from JP¥244 to JP¥270. Net income forecast to grow 9.9% next year vs 3.7% growth forecast for Consumer Durables industry in Japan. Consensus price target down from JP¥6,200 to JP¥6,000. Share price was steady at JP¥3,785 over the past week. Reported Earnings • Aug 10
First quarter 2022 earnings released: EPS JP¥85.40 (vs JP¥38.13 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥4.00b (up 16% from 1Q 2021). Net income: JP¥664.0m (up 122% from 1Q 2021). Profit margin: 17% (up from 8.7% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 13% per year. Reported Earnings • Jun 26
Full year 2021 earnings released: EPS JP¥195 (vs JP¥27.61 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¥14.9b (down 7.5% from FY 2020). Net income: JP¥1.52b (up JP¥1.31b from FY 2020). Profit margin: 10% (up from 1.4% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Reported Earnings • May 16
Full year 2021 earnings released: EPS JP¥195 (vs JP¥27.61 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¥14.9b (down 7.5% from FY 2020). Net income: JP¥1.52b (up JP¥1.31b from FY 2020). Profit margin: 10% (up from 1.4% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥60.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 24 June 2021. Trailing yield: 1.4%. Lower than top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.1%). Is New 90 Day High Low • Feb 02
New 90-day high: JP¥4,670 The company is up 24% from its price of JP¥3,770 on 04 November 2020. The Japanese market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 19% over the same period. Analyst Estimate Surprise Post Earnings • Jan 30
Revenue and earnings miss expectations Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 85%. Over the next year, revenue is forecast to grow 11%, compared to a 7.6% growth forecast for the Machinery industry in Japan. Reported Earnings • Jan 30
Third quarter 2021 earnings released: EPS JP¥51.70 (vs JP¥25.71 in 3Q 2020) The company reported a solid third quarter result with improved earnings and profit margins, although revenues were flat. Third quarter 2021 results: Revenue: JP¥3.78b (flat on 3Q 2020). Net income: JP¥402.0m (up 98% from 3Q 2020). Profit margin: 11% (up from 5.4% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Jan 12
New 90-day high: JP¥4,275 The company is up 11% from its price of JP¥3,835 on 14 October 2020. The Japanese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 19% over the same period. Is New 90 Day High Low • Dec 09
New 90-day high: JP¥4,270 The company is up 13% from its price of JP¥3,775 on 10 September 2020. The Japanese market is up 9.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Machinery industry, which is up 15% over the same period. Price Target Changed • Dec 01
Price target lowered to JP¥6,500 Down from JP¥8,000, the current price target is provided by 1 analyst. The new target price is 56% above the current share price of JP¥4,155. As of last close, the stock is down 15% over the past year.