Board Change • May 20
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 Director Hiroyuki Okutani was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • May 01
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 Director Hiroyuki Okutani was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • May 01
Full year 2026 earnings released: EPS: JP¥5.36 (vs JP¥15.56 in FY 2025) Full year 2026 results: EPS: JP¥5.36 (down from JP¥15.56 in FY 2025). Revenue: JP¥83.2b (down 1.5% from FY 2025). Net income: JP¥102.0m (down 66% from FY 2025). Profit margin: 0.1% (down from 0.4% in FY 2025). Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Upcoming Dividend • Mar 11
Upcoming dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 18 March 2026. Payment date: 12 June 2026. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.6%). Board Change • Feb 25
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 Director Hiroyuki Okutani was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Feb 05
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 Director Hiroyuki Okutani was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 25
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 Director Hiroyuki Okutani was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Jun 10
Yamanaka Co.,Ltd., Annual General Meeting, Jun 11, 2025 Yamanaka Co.,Ltd., Annual General Meeting, Jun 11, 2025, at 10:00 Tokyo Standard Time. Location: hotel melparque nagoya, 16-16 aoi 3-chome, higashi-ku, 2nd floor zuiun room, nagoya Japan Board Change • May 28
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Outside Director Masumi Niwa was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • May 01
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Outside Director Masumi Niwa was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Buy Or Sell Opportunity • Apr 07
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.4% to JP¥530. The fair value is estimated to be JP¥664, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.3% over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Mar 18
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.5% to JP¥575. The fair value is estimated to be JP¥742, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.3% over the last 3 years. Meanwhile, the company has become profitable. Upcoming Dividend • Mar 11
Upcoming dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 18 March 2025. Payment date: 13 June 2025. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.8%). In line with average of industry peers (1.7%). Board Change • Mar 06
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Outside Director Masumi Niwa was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 19
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 5 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Outside Director Masumi Niwa was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. New Risk • Oct 31
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 16% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (16% operating cash flow to total debt). Earnings have declined by 27% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (JP¥11.6b market cap, or US$76.2m). Reported Earnings • Oct 29
Second quarter 2025 earnings released: EPS: JP¥0.74 (vs JP¥9.54 in 2Q 2024) Second quarter 2025 results: EPS: JP¥0.74 (down from JP¥9.54 in 2Q 2024). Revenue: JP¥21.6b (down 1.4% from 2Q 2024). Net income: JP¥14.0m (down 92% from 2Q 2024). Profit margin: 0.1% (down from 0.8% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 28% 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. 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 Market cap is less than US$100m (JP¥12.0b market cap, or US$85.2m). Upcoming Dividend • Sep 12
Upcoming dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 19 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of Japanese dividend payers (3.9%). In line with average of industry peers (1.6%). Reported Earnings • Jul 24
First quarter 2025 earnings released: EPS: JP¥6.74 (vs JP¥3.07 in 1Q 2024) First quarter 2025 results: EPS: JP¥6.74 (up from JP¥3.07 in 1Q 2024). Revenue: JP¥21.0b (down 1.8% from 1Q 2024). Net income: JP¥128.0m (up 117% from 1Q 2024). Profit margin: 0.6% (up from 0.3% in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Reported Earnings • Jun 16
Full year 2024 earnings released: EPS: JP¥24.60 (vs JP¥34.15 loss in FY 2023) Full year 2024 results: EPS: JP¥24.60 (up from JP¥34.15 loss in FY 2023). Revenue: JP¥86.1b (flat on FY 2023). Net income: JP¥471.0m (up JP¥1.13b from FY 2023). Profit margin: 0.5% (up from net loss in FY 2023). 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. Board Change • May 15
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 5 highly experienced directors. 1 independent director (3 non-independent directors). Independent Outside Director Masaki Yoshida was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Annuncio • Dec 12
Yamanaka Co.,Ltd. (NSE:8190) announces an Equity Buyback for 220,000 shares, representing 1.15% for ¥153.78 million. Yamanaka Co.,Ltd. (NSE:8190) announces a share repurchase program. Under the program, the company will repurchase up to 220,000 shares, representing 1.15% of total outstanding shares at a price of ¥699 per share for a total of ¥153.78 million. The purpose of the program is to implement flexible capital policies in response to changes in the business environment and improve capital efficiency. The program is valid till December 12, 2023. As of December 11, 2023, the company has 19,190,119 shares outstanding (excluding treasury stock) and 1,235,099 shares were held under treasury. Annuncio • Jun 08
Yamanaka Co.,Ltd. (NSE:8190) announces an Equity Buyback for 70,000 shares, representing 0.36% for ¥48.86 million. Yamanaka Co.,Ltd. (NSE:8190) announces a share repurchase program. Under the program, the company will repurchase up to 70,000 shares, representing 0.36% of total outstanding shares at a price of ¥698 per share for a total of ¥48.86 million. As of June 7, 2023, the company has 19,252,321 shares outstanding (excluding treasury stock) and 1,172,897 shares were held under treasury. 
