Upcoming Dividend • Mar 23
Upcoming dividend of JP¥22.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 27 June 2026. Payout ratio is a comfortable 55% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%). Valuation Update With 7 Day Price Move • Feb 17
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to JP¥1,023, the stock trades at a trailing P/E ratio of 25.6x. Average trailing P/E is 16x in the Electronic industry in Japan. Total returns to shareholders of 39% over the past three years. Reported Earnings • Feb 11
Third quarter 2026 earnings released: EPS: JP¥7.96 (vs JP¥19.62 in 3Q 2025) Third quarter 2026 results: EPS: JP¥7.96 (down from JP¥19.62 in 3Q 2025). Revenue: JP¥4.62b (down 4.7% from 3Q 2025). Net income: JP¥157.0m (down 60% from 3Q 2025). Profit margin: 3.4% (down from 8.0% in 3Q 2025). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Declared Dividend • Jan 08
Dividend of JP¥22.00 announced Dividend of JP¥22.00 is the same as last year. Ex-date: 30th March 2026 Payment date: 27th June 2026 Dividend yield will be 2.6%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (43% earnings payout ratio) and cash flows (28% cash payout ratio). The dividend has increased by an average of 7.2% 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 53% to shift the payout ratio to a potentially unsustainable range, which is more than the 6.2% EPS decline seen over the last 5 years. Annuncio • Jan 07
Dkk-Toa Corporation announces Annual dividend, payable on June 27, 2026 Dkk-Toa Corporation announced Annual dividend of JPY 22.0000 per share payable on June 27, 2026, ex-date on March 30, 2026 and record date on March 31, 2026. Annuncio • Dec 27
Dkk-Toa Corporation to Report Q3, 2026 Results on Feb 10, 2026 Dkk-Toa Corporation announced that they will report Q3, 2026 results on Feb 10, 2026 Annuncio • Dec 10
Dkk-Toa Corporation (TSE:6848) announces an Equity Buyback for 400,000 shares, representing 2.02% for ¥340 million. Dkk-Toa Corporation (TSE:6848) announces a share repurchase program. Under the program, the company will repurchase up to 400,000 shares, representing 2.02% of its share capital, for ¥340 million. The shares will be repurchased at a price of ¥826 per share. The purpose of the program is to implement a flexible capital policy according to the business environment and replenishing shares issued under the restricted stock compensation plan. As of September 30, 2025, the company had 19,815,520 shares in issue (excluding treasury stock) and 65,100 shares in treasury. Reported Earnings • Nov 13
Second quarter 2026 earnings released: EPS: JP¥3.79 (vs JP¥5.87 in 2Q 2025) Second quarter 2026 results: EPS: JP¥3.79 (down from JP¥5.87 in 2Q 2025). Revenue: JP¥4.35b (up 3.3% from 2Q 2025). Net income: JP¥75.0m (down 35% from 2Q 2025). Profit margin: 1.7% (down from 2.8% in 2Q 2025). Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 1% per year. Annuncio • Sep 23
Dkk-Toa Corporation to Report Q2, 2026 Results on Nov 11, 2025 Dkk-Toa Corporation announced that they will report Q2, 2026 results on Nov 11, 2025 Reported Earnings • Aug 09
First quarter 2026 earnings released: EPS: JP¥4.90 (vs JP¥7.40 in 1Q 2025) First quarter 2026 results: EPS: JP¥4.90 (down from JP¥7.40 in 1Q 2025). Revenue: JP¥3.79b (down 1.7% from 1Q 2025). Net income: JP¥97.0m (down 34% from 1Q 2025). Profit margin: 2.6% (down from 3.8% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 2% per year. Annuncio • Jun 29
Dkk-Toa Corporation to Report Q1, 2026 Results on Aug 08, 2025 Dkk-Toa Corporation announced that they will report Q1, 2026 results on Aug 08, 2025 Reported Earnings • May 18
Full year 2025 earnings released: EPS: JP¥56.32 (vs JP¥65.51 in FY 2024) Full year 2025 results: EPS: JP¥56.32 (down from JP¥65.51 in FY 2024). Revenue: JP¥18.1b (up 3.5% from FY 2024). Net income: JP¥1.11b (down 14% from FY 2024). Profit margin: 6.2% (down from 7.4% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 6% per year. Annuncio • May 13
Dkk-Toa Corporation, Annual General Meeting, Jun 26, 2025 Dkk-Toa Corporation, Annual General Meeting, Jun 26, 2025. New Risk • Apr 07
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥14.3b (US$97.5m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 2.9% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (JP¥14.3b market cap, or US$97.5m). Annuncio • Mar 05
Dkk-Toa Corporation to Report Fiscal Year 2025 Results on May 13, 2025 Dkk-Toa Corporation announced that they will report fiscal year 2025 results on May 13, 2025 Reported Earnings • Feb 12
Third quarter 2025 earnings released: EPS: JP¥19.62 (vs JP¥25.59 in 3Q 2024) Third quarter 2025 results: EPS: JP¥19.62 (down from JP¥25.59 in 3Q 2024). Revenue: JP¥4.85b (up 3.3% from 3Q 2024). Net income: JP¥388.0m (down 23% from 3Q 2024). Profit margin: 8.0% (down from 11% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 6% per year. Declared Dividend • Jan 06
Dividend of JP¥21.00 announced Shareholders will receive a dividend of JP¥21.00. Ex-date: 28th March 2025 Payment date: 27th June 2025 Dividend yield will be 2.8%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (36% earnings payout ratio) but 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 7.7% 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. Annuncio • Dec 04
Dkk-Toa Corporation to Report Q3, 2025 Results on Feb 10, 2025 Dkk-Toa Corporation announced that they will report Q3, 2025 results on Feb 10, 2025 Reported Earnings • Nov 16
Second quarter 2025 earnings released: EPS: JP¥5.87 (vs JP¥10.65 in 2Q 2024) Second quarter 2025 results: EPS: JP¥5.87 (down from JP¥10.65 in 2Q 2024). Revenue: JP¥4.21b (up 5.6% from 2Q 2024). Net income: JP¥116.0m (down 45% from 2Q 2024). Profit margin: 2.8% (down from 5.3% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 5% per year. New Risk • Oct 23
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥15.2b (US$99.4m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (JP¥15.2b market cap, or US$99.4m). 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. This is currently the only risk that has been identified for the company. Annuncio • Aug 28
Dkk-Toa Corporation to Report Q2, 2025 Results on Nov 12, 2024 Dkk-Toa Corporation announced that they will report Q2, 2025 results on Nov 12, 2024 Reported Earnings • Aug 11
First quarter 2025 earnings released: EPS: JP¥7.40 (vs JP¥9.19 in 1Q 2024) First quarter 2025 results: EPS: JP¥7.40 (down from JP¥9.19 in 1Q 2024). Revenue: JP¥3.85b (up 4.6% from 1Q 2024). Net income: JP¥146.0m (down 19% from 1Q 2024). Profit margin: 3.8% (down from 4.9% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 1% per year. Annuncio • Jun 06
Dkk-Toa Corporation to Report Q1, 2025 Results on Aug 09, 2024 Dkk-Toa Corporation announced that they will report Q1, 2025 results on Aug 09, 2024 Reported Earnings • May 01
Full year 2024 earnings released: EPS: JP¥65.51 (vs JP¥61.48 in FY 2023) Full year 2024 results: EPS: JP¥65.51 (up from JP¥61.48 in FY 2023). Revenue: JP¥17.4b (up 5.5% from FY 2023). Net income: JP¥1.29b (up 6.1% from FY 2023). Profit margin: 7.4% (in line with FY 2023). Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has increased by 2% per year. Annuncio • Apr 28
Dkk-Toa Corporation, Annual General Meeting, Jun 26, 2024 Dkk-Toa Corporation, Annual General Meeting, Jun 26, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 28 June 2024. Payout ratio is a comfortable 25% but the company is not cash flow positive. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.4%). Annuncio • Mar 02
Dkk-Toa Corporation to Report Fiscal Year 2024 Results on Apr 26, 2024 Dkk-Toa Corporation announced that they will report fiscal year 2024 results on Apr 26, 2024 Reported Earnings • Jan 31
Third quarter 2024 earnings released: EPS: JP¥25.59 (vs JP¥20.07 in 3Q 2023) Third quarter 2024 results: EPS: JP¥25.59 (up from JP¥20.07 in 3Q 2023). Revenue: JP¥4.70b (up 14% from 3Q 2023). Net income: JP¥505.0m (up 27% from 3Q 2023). Profit margin: 11% (up from 9.7% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Annuncio • Nov 29
Dkk-Toa Corporation to Report Q3, 2024 Results on Jan 30, 2024 Dkk-Toa Corporation announced that they will report Q3, 2024 results on Jan 30, 2024 Reported Earnings • Nov 02
Second quarter 2024 earnings released: EPS: JP¥10.65 (vs JP¥12.30 in 2Q 2023) Second quarter 2024 results: EPS: JP¥10.65 (down from JP¥12.30 in 2Q 2023). Revenue: JP¥3.98b (up 2.3% from 2Q 2023). Net income: JP¥210.0m (down 14% from 2Q 2023). Profit margin: 5.3% (down from 6.3% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Annuncio • Aug 30
Dkk-Toa Corporation to Report Q2, 2024 Results on Oct 31, 2023 Dkk-Toa Corporation announced that they will report Q2, 2024 results on Oct 31, 2023 Reported Earnings • Aug 01
First quarter 2024 earnings released: EPS: JP¥9.19 (vs JP¥3.38 in 1Q 2023) First quarter 2024 results: EPS: JP¥9.19 (up from JP¥3.38 in 1Q 2023). Revenue: JP¥3.69b (up 13% from 1Q 2023). Net income: JP¥181.0m (up 170% from 1Q 2023). Profit margin: 4.9% (up from 2.1% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Annuncio • Jun 03
Dkk-Toa Corporation to Report Q1, 2024 Results on Jul 31, 2023 Dkk-Toa Corporation announced that they will report Q1, 2024 results on Jul 31, 2023 Reported Earnings • Apr 29
Full year 2023 earnings released: EPS: JP¥61.48 (vs JP¥67.92 in FY 2022) Full year 2023 results: EPS: JP¥61.48 (down from JP¥67.92 in FY 2022). Revenue: JP¥16.5b (flat on FY 2022). Net income: JP¥1.22b (down 9.6% from FY 2022). Profit margin: 7.4% (down from 8.2% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 2% per year. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥17.00 per share at 2.1% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 29 June 2023. Payout ratio is a comfortable 31% but the company is paying out more than the cash it is generating. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%). Annuncio • Feb 15
Dkk-Toa Corporation (TSE:6848) announces an Equity Buyback for 200,000 shares, representing 1.01% for ¥160 million. Dkk-Toa Corporation (TSE:6848) announces a share repurchase program. Under the program, the company will repurchase up to 200,000 shares, representing 1.01% of its share capital, for ¥160 million. The shares will be repurchased at a price of ¥778 per share. The purpose of the program is to implement a flexible capital policy according to the business environment, and to allocate the funds to shares to be delivered based on the restricted stock remuneration plan to be introduced subject to the approval of proposals at the general meeting of shareholders. The program will expire on February 15, 2023. As of September 30, 2022, the company had 19,832,514 shares in issue (excluding treasury stock) and 48,106 shares in treasury. Reported Earnings • Feb 01
Third quarter 2023 earnings released: EPS: JP¥20.07 (vs JP¥25.11 in 3Q 2022) Third quarter 2023 results: EPS: JP¥20.07 (down from JP¥25.11 in 3Q 2022). Revenue: JP¥4.12b (down 5.5% from 3Q 2022). Net income: JP¥398.0m (down 20% from 3Q 2022). Profit margin: 9.7% (down from 11% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 8% per year. Annuncio • Dec 04
Dkk-Toa Corporation to Report Q3, 2023 Results on Jan 31, 2023 Dkk-Toa Corporation announced that they will report Q3, 2023 results on Jan 31, 2023 Reported Earnings • Nov 18
Second quarter 2023 earnings released: EPS: JP¥12.30 (vs JP¥16.49 in 2Q 2022) Second quarter 2023 results: EPS: JP¥12.30 (down from JP¥16.49 in 2Q 2022). Revenue: JP¥3.89b (down 5.3% from 2Q 2022). Net income: JP¥244.0m (down 25% from 2Q 2022). Profit margin: 6.3% (down from 8.0% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has fallen by 1% per year. Board Change • Nov 16
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 1 independent director. 7 non-independent directors. Independent Outside Director Azuma Nozomi was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Oct 30
Second quarter 2023 earnings released: EPS: JP¥12.30 (vs JP¥16.49 in 2Q 2022) Second quarter 2023 results: EPS: JP¥12.30 (down from JP¥16.49 in 2Q 2022). Revenue: JP¥3.89b (down 5.3% from 2Q 2022). Net income: JP¥244.0m (down 25% from 2Q 2022). Profit margin: 6.3% (down from 8.0% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has remained flat. Annuncio • Sep 10
Dkk-Toa Corporation to Report Q2, 2023 Results on Oct 28, 2022 Dkk-Toa Corporation announced that they will report Q2, 2023 results on Oct 28, 2022 Reported Earnings • Jul 31
First quarter 2023 earnings released: EPS: JP¥3.38 (vs JP¥6.96 in 1Q 2022) First quarter 2023 results: EPS: JP¥3.38 (down from JP¥6.96 in 1Q 2022). Revenue: JP¥3.26b (down 1.9% from 1Q 2022). Net income: JP¥67.0m (down 51% from 1Q 2022). Profit margin: 2.1% (down from 4.2% in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 2% per year. Annuncio • Jun 08
Dkk-Toa Corporation to Report Q1, 2023 Results on Jul 29, 2022 Dkk-Toa Corporation announced that they will report Q1, 2023 results on Jul 29, 2022 Annuncio • May 02
Dkk-Toa Corporation, Annual General Meeting, Jun 28, 2022 Dkk-Toa Corporation, Annual General Meeting, Jun 28, 2022. Reported Earnings • Apr 30
Full year 2022 earnings released: EPS: JP¥67.92 (vs JP¥69.28 in FY 2021) Full year 2022 results: EPS: JP¥67.92 (down from JP¥69.28 in FY 2021). Revenue: JP¥16.4b (up 2.7% from FY 2021). Net income: JP¥1.35b (down 2.0% from FY 2021). Profit margin: 8.2% (down from 8.6% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 3% per year. Board Change • Apr 27
No independent directors There are 7 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 7 new directors. 3 experienced directors. 2 highly experienced directors. No independent directors (9 non-independent directors). Executive Chairman of the Board Yasuo Yamamori is the most experienced director on the board, commencing their role in 2006. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Annuncio • Apr 08
Dkk-Toa Corporation to Report Fiscal Year 2022 Results on Apr 28, 2022 Dkk-Toa Corporation announced that they will report fiscal year 2022 results on Apr 28, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥17.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 27 June 2022. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.3%). Reported Earnings • Jan 30
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥25.11 (up from JP¥22.14 in 3Q 2021). Revenue: JP¥4.35b (up 4.7% from 3Q 2021). Net income: JP¥498.0m (up 13% from 3Q 2021). Profit margin: 11% (in line with 3Q 2021). Revenue was in line with analyst estimates. 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 5% per year. Reported Earnings • Oct 31
Second quarter 2022 earnings released: EPS JP¥16.49 (vs JP¥16.14 in 2Q 2021) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2022 results: Revenue: JP¥4.11b (up 4.0% from 2Q 2021). Net income: JP¥327.0m (up 2.2% from 2Q 2021). Profit margin: 8.0% (down from 8.1% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 29
Full year 2021 earnings released: EPS JP¥69.28 (vs JP¥69.03 in FY 2020) The company reported a mediocre full year result with weaker revenues, although earnings were flat and profit margins improved. Full year 2021 results: Revenue: JP¥16.0b (down 2.2% from FY 2020). Net income: JP¥1.37b (flat on FY 2020). Profit margin: 8.6% (up from 8.4% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Reported Earnings • May 09
Full year 2021 earnings released: EPS JP¥69.28 (vs JP¥69.03 in FY 2020) The company reported a mediocre full year result with weaker revenues, although earnings were flat and profit margins improved. Full year 2021 results: Revenue: JP¥16.0b (down 2.2% from FY 2020). Net income: JP¥1.37b (flat on FY 2020). Profit margin: 8.6% (up from 8.4% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥16.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 26 June 2021. Trailing yield: 1.9%. 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 25
New 90-day low: JP¥818 The company is down 8.0% from its price of JP¥893 on 27 November 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 6.0% over the same period. Reported Earnings • Feb 02
Third quarter 2021 earnings released: EPS JP¥22.14 (vs JP¥22.29 in 3Q 2020) The company reported a solid third quarter result with improved revenues, although earnings and profit margins were flat. Third quarter 2021 results: Revenue: JP¥4.16b (up 2.5% from 3Q 2020). Net income: JP¥439.0m (flat on 3Q 2020). Profit margin: 11% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. 
