Buy Or Sell Opportunity • Aug 06
Now 20% overvalued Over the last 90 days, the stock has fallen 9.0% to JP¥2,097. The fair value is estimated to be JP¥1,747, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 19% over the last 3 years. Earnings per share has declined by 73%. Declared Dividend • Jul 25
Final dividend of JP¥56.00 announced Shareholders will receive a dividend of JP¥56.00. Ex-date: 29th September 2026 Payment date: 1st December 2026 Dividend yield will be 5.3%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is not covered by earnings (221% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 22% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 146% to bring the payout ratio under control. However, EPS has declined by 3.8% over the last 5 years so the company would need to reverse this trend. Buy Or Sell Opportunity • Jul 22
Now 20% overvalued Over the last 90 days, the stock has fallen 7.0% to JP¥2,085. The fair value is estimated to be JP¥1,734, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 19% over the last 3 years. Earnings per share has declined by 73%. Annuncio • Jun 13
Chubu Steel Plate Co., Ltd. to Report Q1, 2027 Results on Aug 07, 2026 Chubu Steel Plate Co., Ltd. announced that they will report Q1, 2027 results on Aug 07, 2026 New Risk • May 17
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 22% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 8.2% per year over the past 5 years. High level of non-cash earnings (22% accrual ratio). Reported Earnings • May 13
Full year 2026 earnings released: EPS: JP¥47.07 (vs JP¥63.92 in FY 2025) Full year 2026 results: EPS: JP¥47.07 (down from JP¥63.92 in FY 2025). Revenue: JP¥51.1b (flat on FY 2025). Net income: JP¥1.28b (down 26% from FY 2025). Profit margin: 2.5% (down from 3.4% in FY 2025). 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. Annuncio • May 13
Chubu Steel Plate Co., Ltd. (TSE:5461) announces an Equity Buyback for 900,000 shares, representing 3.32% for ¥1,700 million. Chubu Steel Plate Co., Ltd. (TSE:5461) announces a share repurchase program. Under the program, the company will repurchase up to 9000,000 shares, representing 3.32% of its share capital, for ¥1,700 million. The company will repurchase its shares in order to further enhance shareholder
value and promote the realization of an optimal capital structure. The share repurchase program will run until November 30, 2026. As of March 31, 2026, the company had 27,091,322 shares outstanding (excluding treasury shares) and 908,678 shares shares in treasury. Annuncio • May 12
Chubu Steel Plate Co., Ltd., Annual General Meeting, Jun 25, 2026 Chubu Steel Plate Co., Ltd., Annual General Meeting, Jun 25, 2026. Annuncio • May 09
Chubu Steel Plate Co., Ltd. to Report Fiscal Year 2026 Results on May 12, 2026 Chubu Steel Plate Co., Ltd. announced that they will report fiscal year 2026 results at 9:00 AM, Tokyo Standard Time on May 12, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥54.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 26 June 2026. The company is not currently making a profit and is not cash flow positive. Trailing yield: 4.4%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.5%). Annuncio • Feb 25
Chubu Steel Plate Co., Ltd. has filed a Follow-on Equity Offering. Chubu Steel Plate Co., Ltd. has filed a Follow-on Equity Offering.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 1,637,100 Reported Earnings • Feb 05
Third quarter 2026 earnings released: EPS: JP¥7.42 (vs JP¥0.44 in 3Q 2025) Third quarter 2026 results: EPS: JP¥7.42 (up from JP¥0.44 in 3Q 2025). Revenue: JP¥13.5b (up 11% from 3Q 2025). Net income: JP¥201.0m (up JP¥189.0m from 3Q 2025). Profit margin: 1.5% (up from 0.1% in 3Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance. Annuncio • Dec 05
Chubu Steel Plate Co., Ltd. to Report Q3, 2026 Results on Feb 03, 2026 Chubu Steel Plate Co., Ltd. announced that they will report Q3, 2026 results on Feb 03, 2026 Declared Dividend • Dec 02
First half dividend of JP¥51.00 announced Dividend of JP¥51.00 is the same as last year. Ex-date: 30th March 2026 Payment date: 26th June 2026 Dividend yield will be 4.7%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 24% per year over the past 10 years. However, payments have been volatile during that time. New Risk • Nov 01
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. The company is paying a dividend despite having no free cash flows. Dividend yield: 5.1% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Reported Earnings • Oct 31
Second quarter 2026 earnings released: EPS: JP¥3.91 (vs JP¥16.88 in 2Q 2025) Second quarter 2026 results: EPS: JP¥3.91 (down from JP¥16.88 in 2Q 2025). Revenue: JP¥11.2b (down 14% from 2Q 2025). Net income: JP¥106.0m (down 77% from 2Q 2025). Profit margin: 0.9% (down from 3.5% in 2Q 2025). Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥50.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 01 December 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 4.5%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (3.2%). Annuncio • Sep 10
Chubu Steel Plate Co., Ltd. to Report Q2, 2026 Results on Oct 30, 2025 Chubu Steel Plate Co., Ltd. announced that they will report Q2, 2026 results on Oct 30, 2025 Reported Earnings • Jul 31
First quarter 2026 earnings released: EPS: JP¥12.37 (vs JP¥46.18 in 1Q 2025) First quarter 2026 results: EPS: JP¥12.37 (down from JP¥46.18 in 1Q 2025). Revenue: JP¥12.0b (down 21% from 1Q 2025). Net income: JP¥335.0m (down 73% from 1Q 2025). Profit margin: 2.8% (down from 8.2% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 35% per year, which means it is well ahead of earnings. Declared Dividend • Jul 09
Final dividend of JP¥50.00 announced Shareholders will receive a dividend of JP¥50.00. Ex-date: 29th September 2025 Payment date: 1st December 2025 Dividend yield will be 4.9%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is covered by both earnings (67% earnings payout ratio) and cash flows (18% cash payout ratio). The dividend has increased by an average of 24% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 25% to shift the payout ratio to a potentially unsustainable range, which is more than the 8.5% EPS decline seen over the last 5 years. Annuncio • Jun 05
Chubu Steel Plate Co., Ltd. to Report Q1, 2026 Results on Jul 30, 2025 Chubu Steel Plate Co., Ltd. announced that they will report Q1, 2026 results on Jul 30, 2025 Annuncio • May 08
Chubu Steel Plate Co., Ltd., Annual General Meeting, Jun 25, 2025 Chubu Steel Plate Co., Ltd., Annual General Meeting, Jun 25, 2025. Annuncio • Mar 31
Chubu Steel Plate Co., Ltd. Announces Resumption of Operations Due to Restoration of Steelmaking Plant Chubu Steel Plate Co., Ltd. announced Resumption of Operations Due to Restoration of Steelmaking Plant. As the restoration work on the equipments and buildings has been completed and the safety of operations has been confirmed through the implementation of countermeasures, The company have obtained approval form the relevant authorities to resume. After The company conducted resumption of trial operations from, March 27, 2025 the company resumed full operations from, March 30, 2025. Cause of the Accident: The company believe that the accident was caused by a leak of cooling water near the iron scrap charging area, which led to the corrosion (weathering) of the refractory material inside the furnace. The molten steel that penetrated the refractory material caused the shell of the electric furnace to melt. Furthermore, the molten steel that leaked out reacted with the water accumulated in the underground pit of the electric arc furnace, resulting in a steam explosion. Measures to Prevent Recurrence: As countermeasures against water and steel leakage, the company has changed the water-cooled equipment to a non- water-cooled system. Additionally, to prevent steam explosions, it has permanently installed a drainage device in the underground pit of the electric arc furnace. Annuncio • Mar 13
Chubu Steel Plate Co., Ltd. to Report Fiscal Year 2025 Results on May 08, 2025 Chubu Steel Plate Co., Ltd. announced that they will report fiscal year 2025 results on May 08, 2025 Annuncio • Dec 07
Chubu Steel Plate Co., Ltd. to Report Q3, 2025 Results on Feb 04, 2025 Chubu Steel Plate Co., Ltd. announced that they will report Q3, 2025 results on Feb 04, 2025 Reported Earnings • Nov 01
Second quarter 2025 earnings released: EPS: JP¥16.88 (vs JP¥21.66 in 2Q 2024) Second quarter 2025 results: EPS: JP¥16.88 (down from JP¥21.66 in 2Q 2024). Revenue: JP¥13.0b (down 4.6% from 2Q 2024). Net income: JP¥457.0m (down 24% from 2Q 2024). Profit margin: 3.5% (down from 4.4% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥50.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 37% 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%). In line with average of industry peers (4.3%). Annuncio • Aug 29
Chubu Steel Plate Co., Ltd. to Report Q2, 2025 Results on Oct 30, 2024 Chubu Steel Plate Co., Ltd. announced that they will report Q2, 2025 results on Oct 30, 2024 Reported Earnings • Aug 09
First quarter 2025 earnings released: EPS: JP¥75.49 (vs JP¥88.44 in 1Q 2024) First quarter 2025 results: EPS: JP¥75.49 (down from JP¥88.44 in 1Q 2024). Revenue: JP¥17.5b (down 8.1% from 1Q 2024). Net income: JP¥2.04b (down 16% from 1Q 2024). Profit margin: 12% (down from 13% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 40% per year whereas the company’s share price has increased by 42% per year. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥2,139, the stock trades at a trailing P/E ratio of 8.1x. Average trailing P/E is 9x in the Metals and Mining industry in Japan. Total returns to shareholders of 211% over the past three years. Annuncio • Jun 28
Chubu Steel Plate Co., Ltd. to Report Q1, 2025 Results on Aug 06, 2024 Chubu Steel Plate Co., Ltd. announced that they will report Q1, 2025 results on Aug 06, 2024 Valuation Update With 7 Day Price Move • May 15
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥2,637, the stock trades at a trailing P/E ratio of 10.1x. Average trailing P/E is 10x in the Metals and Mining industry in Japan. Total returns to shareholders of 280% over the past three years. Annuncio • May 10
Chubu Steel Plate Co., Ltd., Annual General Meeting, Jun 25, 2024 Chubu Steel Plate Co., Ltd., Annual General Meeting, Jun 25, 2024. Reported Earnings • May 09
Full year 2024 earnings released: EPS: JP¥259 (vs JP¥311 in FY 2023) Full year 2024 results: EPS: JP¥259 (down from JP¥311 in FY 2023). Revenue: JP¥67.8b (down 11% from FY 2023). Net income: JP¥7.13b (down 17% from FY 2023). Profit margin: 11% (in line with FY 2023). Over the last 3 years on average, earnings per share has increased by 50% per year whereas the company’s share price has increased by 45% per year. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥56.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 24 June 2024. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 3.2%. Within top quartile of Japanese dividend payers (3.2%). In line with average of industry peers (3.5%). Annuncio • Mar 02
Chubu Steel Plate Co., Ltd. to Report Fiscal Year 2024 Results on May 08, 2024 Chubu Steel Plate Co., Ltd. announced that they will report fiscal year 2024 results on May 08, 2024 Reported Earnings • Feb 03
Third quarter 2024 earnings released: EPS: JP¥77.15 (vs JP¥90.29 in 3Q 2023) Third quarter 2024 results: EPS: JP¥77.15 (down from JP¥90.29 in 3Q 2023). Revenue: JP¥17.7b (down 5.5% from 3Q 2023). Net income: JP¥2.12b (down 15% from 3Q 2023). Profit margin: 12% (down from 13% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 50% per year, which means it is significantly lagging earnings growth. Annuncio • Nov 30
Chubu Steel Plate Co., Ltd. to Report Q3, 2024 Results on Feb 01, 2024 Chubu Steel Plate Co., Ltd. announced that they will report Q3, 2024 results on Feb 01, 2024 Reported Earnings • Nov 02
Second quarter 2024 earnings released: EPS: JP¥21.66 (vs JP¥75.56 in 2Q 2023) Second quarter 2024 results: EPS: JP¥21.66 (down from JP¥75.56 in 2Q 2023). Revenue: JP¥13.7b (down 25% from 2Q 2023). Net income: JP¥599.0m (down 71% from 2Q 2023). Profit margin: 4.4% (down from 12% 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 64% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth. Annuncio • Nov 02
Chubu Steel Plate Co., Ltd. (TSE:5461) announces an Equity Buyback for 760,000 shares, representing 2.75% for $1,300 million. Chubu Steel Plate Co., Ltd. (NSE:5461) announces a share repurchase program. Under the program, the company will repurchase up to 760,000 shares, representing 2.75% of its share capital, for ¥1,300 million. The company will repurchase its shares in order to enhance shareholder returns and implement a flexible capital policy which responds to changes in the business environment, along with aiming to improve capital efficiency. The share repurchase program will run until April 30, 2024. As of September 30, 2023, the company had 27,651,214 shares outstanding (excluding treasury shares) and 2,548,786 shares in treasury. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥30.00 per share at 3.7% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 01 December 2023. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 3.7%. Within top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (3.2%). Annuncio • Aug 27
Chubu Steel Plate Co., Ltd. to Report Q2, 2024 Results on Nov 01, 2023 Chubu Steel Plate Co., Ltd. announced that they will report Q2, 2024 results on Nov 01, 2023 Reported Earnings • Aug 03
First quarter 2024 earnings released: EPS: JP¥88.44 (vs JP¥64.97 in 1Q 2023) First quarter 2024 results: EPS: JP¥88.44 (up from JP¥64.97 in 1Q 2023). Revenue: JP¥19.0b (down 9.8% from 1Q 2023). Net income: JP¥2.45b (up 36% from 1Q 2023). Profit margin: 13% (up from 8.5% 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 64% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth. Annuncio • Jun 28
Chubu Steel Plate Co., Ltd. to Report Q1, 2024 Results on Aug 02, 2023 Chubu Steel Plate Co., Ltd. announced that they will report Q1, 2024 results on Aug 02, 2023 Reported Earnings • Apr 29
Full year 2023 earnings released: EPS: JP¥311 (vs JP¥137 in FY 2022) Full year 2023 results: EPS: JP¥311 (up from JP¥137 in FY 2022). Revenue: JP¥76.3b (up 19% from FY 2022). Net income: JP¥8.58b (up 127% from FY 2022). Profit margin: 11% (up from 5.9% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 48% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥75.00 per share at 3.7% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 26 June 2023. Payout ratio is a comfortable 11% but the company is not cash flow positive. Trailing yield: 3.7%. Within top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (4.6%). Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥2,239, the stock trades at a trailing P/E ratio of 7.6x. Average trailing P/E is 7x in the Metals and Mining industry in Japan. Total returns to shareholders of 332% over the past three years. Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥2,434, the stock trades at a trailing P/E ratio of 8.3x. Average trailing P/E is 8x in the Metals and Mining industry in Japan. Total returns to shareholders of 328% over the past three years. Reported Earnings • Feb 02
Third quarter 2023 earnings released: EPS: JP¥90.29 (vs JP¥56.42 in 3Q 2022) Third quarter 2023 results: EPS: JP¥90.29 (up from JP¥56.42 in 3Q 2022). Revenue: JP¥18.8b (up 5.9% from 3Q 2022). Net income: JP¥2.49b (up 60% from 3Q 2022). Profit margin: 13% (up from 8.8% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 45% per year whereas the company’s share price has increased by 42% per year. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥1,879, the stock trades at a trailing P/E ratio of 7.2x. Average trailing P/E is 7x in the Metals and Mining industry in Japan. Total returns to shareholders of 188% over the past three years. Annuncio • Jan 09
Chubu Steel Plate Co., Ltd. to Report Q3, 2023 Results on Feb 01, 2023 Chubu Steel Plate Co., Ltd. announced that they will report Q3, 2023 results on Feb 01, 2023 
