Annuncio • Sep 18
Nissin Corporation to Delist from Prime Section of the Tokyo Stock Exchange, Effective October 15, 2025 Nissin Corporation will be delisted from Prime Section of the Tokyo Stock Exchange effective from October 15, 2025, due to reverse stock split. Reported Earnings • Aug 09
First quarter 2026 earnings released: EPS: JP¥102 (vs JP¥382 in 1Q 2025) First quarter 2026 results: EPS: JP¥102 (down from JP¥382 in 1Q 2025). Revenue: JP¥47.8b (up 1.4% from 1Q 2025). Net income: JP¥1.50b (down 75% from 1Q 2025). Profit margin: 3.1% (down from 13% in 1Q 2025). The decrease in margin was driven by higher expenses. 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 65% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Jul 15
Bain Capital Private Equity, LP completed the acquisition of 74.98% stake in Nissin Corporation (TSE:9066) from a group of shareholders for ¥89.5 billion. Bain Capital Private Equity, LP proposed to acquire 93.96% stake in Nissin Corporation (TSE:9066) from a group of shareholders for approximately ¥110 billion on May 12, 2025. A cash consideration of ¥112.19 billion valued at ¥8100 per share will be paid by Bain Capital Private Equity, LP. As part of consideration, ¥112.19 billion is paid towards common equity of Nissin Corporation. The deal is to be financed through equity invesmtent of ¥18.7 million and senior debt of ¥94.3 million.
The transaction is subject to minimum tender. The expected completion of the transaction is July 8, 2025. As of May 26, 2025, the Offeror received from the German Federal Cartel Office, a notice to the effect that the acquisition of the Target Shares does not meet the criteria for prohibition and is permitted, meaning that the acquisition of the Target Shares was approved as of the same date. On June 11, 2025, the Austrian Federal Competition Authority has approved the transaction. As of June 30, 2025, the offeror has decided to extend the Tender Offer Period to July 14, 2025, which is 10 business days after June 30, 2025.
Daiwa Securities Co., Ltd. acted as tender offer agent for Bain Capital Private Equity, LP.
Bain Capital Private Equity, LP completed the acquisition of 74.98% stake in Nissin Corporation (TSE:9066) from a group of shareholders for ¥89.5 billion on July 14, 2025. Reported Earnings • Jun 29
Full year 2025 earnings released: EPS: JP¥726 (vs JP¥451 in FY 2024) Full year 2025 results: EPS: JP¥726 (up from JP¥451 in FY 2024). Revenue: JP¥190.8b (up 12% from FY 2024). Net income: JP¥10.9b (up 26% from FY 2024). Profit margin: 5.7% (up from 5.1% in FY 2024). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 73% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Jun 18
Nissin Corporation to Report Q1, 2026 Results on Aug 08, 2025 Nissin Corporation announced that they will report Q1, 2026 results on Aug 08, 2025 Reported Earnings • May 14
Full year 2025 earnings released: EPS: JP¥726 (vs JP¥451 in FY 2024) Full year 2025 results: EPS: JP¥726 (up from JP¥451 in FY 2024). Revenue: JP¥190.8b (up 12% from FY 2024). Net income: JP¥10.9b (up 26% from FY 2024). Profit margin: 5.7% (up from 5.1% in FY 2024). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 71% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • May 13
Nissin Corporation, Annual General Meeting, Jun 25, 2025 Nissin Corporation, Annual General Meeting, Jun 25, 2025. Annuncio • May 12
Bain Capital Private Equity, LP proposed to acquire 93.96% stake in Nissin Corporation (TSE:9066) from a group of shareholders for approximately ¥110 billion. Bain Capital Private Equity, LP proposed to acquire 93.96% stake in Nissin Corporation (TSE:9066) from a group of shareholders for approximately ¥110 billion on May 12, 2025. A cash consideration of ¥112.19 billion valued at ¥8100 per share will be paid by Bain Capital Private Equity, LP. As part of consideration, ¥112.19 billion is paid towards common equity of Nissin Corporation.
The transaction is subject to minimum tender. The expected completion of the transaction is July 8, 2025. New Risk • May 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 7.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (102% cash payout ratio). Share price has been volatile over the past 3 months (7.8% average weekly change). Large one-off items impacting financial results. Annuncio • May 12
Nissin Corporation Announces Year End Dividend for the Year Ending March 31, 2025, Payable on June 9, 2025 Nissin Corporation announced year end dividend for the year ending March 31, 2025. For the period, the company announced year end dividend of JPY 100 per share compared to JPY 60 per share a year ago. The dividend will be payable on June 9, 2025. Valuation Update With 7 Day Price Move • May 12
Investor sentiment improves as stock rises 33% After last week's 33% share price gain to JP¥6,350, the stock trades at a trailing P/E ratio of 7.1x. Average trailing P/E is 10x in the Infrastructure industry in Japan. Total returns to shareholders of 353% over the past three years. Buy Or Sell Opportunity • May 12
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 43% to JP¥6,350. The fair value is estimated to be JP¥5,080, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 4.2% over the last 3 years. Earnings per share has grown by 26%. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥4,015, the stock trades at a trailing P/E ratio of 4.5x. Average trailing P/E is 10x in the Infrastructure industry in Japan. Total returns to shareholders of 203% over the past three years. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥100.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 10 June 2025. Payout ratio is a comfortable 20% but the company is paying out more than the cash it is generating. Trailing yield: 4.2%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.8%). Annuncio • Mar 06
Nissin Corporation to Report Fiscal Year 2025 Results on May 12, 2025 Nissin Corporation announced that they will report fiscal year 2025 results at 3:00 PM, Tokyo Standard Time on May 12, 2025 Reported Earnings • Feb 11
Third quarter 2025 earnings released: EPS: JP¥142 (vs JP¥93.32 in 3Q 2024) Third quarter 2025 results: EPS: JP¥142 (up from JP¥93.32 in 3Q 2024). Revenue: JP¥54.2b (up 31% from 3Q 2024). Net income: JP¥2.08b (up 17% from 3Q 2024). Profit margin: 3.8% (down from 4.3% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Dec 06
First half dividend of JP¥100.00 announced Shareholders will receive a dividend of JP¥100.00. Ex-date: 28th March 2025 Payment date: 10th June 2025 Dividend yield will be 4.6%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by earnings (21% earnings payout ratio) but not covered by cash flows (102% cash payout ratio). The dividend has increased by an average of 19% 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 36% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Annuncio • Dec 04
Nissin Corporation to Report Q3, 2025 Results on Feb 10, 2025 Nissin Corporation announced that they will report Q3, 2025 results on Feb 10, 2025 Reported Earnings • Nov 15
Second quarter 2025 earnings released: EPS: JP¥114 (vs JP¥96.80 in 2Q 2024) Second quarter 2025 results: EPS: JP¥114. Revenue: JP¥46.3b (up 12% from 2Q 2024). Net income: JP¥1.66b (down 11% from 2Q 2024). Profit margin: 3.6% (down from 4.5% in 2Q 2024). Annuncio • Sep 20
Nissin Corporation to Report Q2, 2025 Results on Nov 12, 2024 Nissin Corporation announced that they will report Q2, 2025 results on Nov 12, 2024 Upcoming Dividend • Sep 20
Upcoming dividend of JP¥100.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 05 December 2024. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 4.6%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.7%). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to JP¥3,530, the stock trades at a trailing P/E ratio of 5.9x. Average trailing P/E is 11x in the Infrastructure industry in Japan. Total returns to shareholders of 175% over the past three years. Declared Dividend • Jul 11
Final dividend of JP¥100.00 announced Shareholders will receive a dividend of JP¥100.00. Ex-date: 27th September 2024 Payment date: 5th December 2024 Dividend yield will be 3.5%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by both earnings (25% earnings payout ratio) and cash flows (56% cash payout ratio). The dividend has increased by an average of 19% 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 22% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Annuncio • Jun 26
Nissin Corporation to Report Q1, 2025 Results on Aug 08, 2024 Nissin Corporation announced that they will report Q1, 2025 results on Aug 08, 2024 Buy Or Sell Opportunity • May 12
Now 46% overvalued after recent price rise Over the last 90 days, the stock has risen 38% to JP¥3,795. The fair value is estimated to be JP¥2,608, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 30%. Annuncio • May 11
Nissin Corporation, Annual General Meeting, Jun 26, 2024 Nissin Corporation, Annual General Meeting, Jun 26, 2024. Reported Earnings • May 11
Full year 2024 earnings released: EPS: JP¥451 (vs JP¥540 in FY 2023) Full year 2024 results: EPS: JP¥451 (down from JP¥540 in FY 2023). Revenue: JP¥169.9b (down 13% from FY 2023). Net income: JP¥8.65b (down 18% from FY 2023). Profit margin: 5.1% (down from 5.4% in FY 2023). Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • May 11
Nissin Corporation (TSE:9066) announces an Equity Buyback for 4,500,000 shares, for ¥14,000 million. Nissin Corporation (TSE:9066) announces a share repurchase program. Under the program, the company will repurchase up to 4,500,000 shares, representing 23.61% of its total shares outstanding (excluding treasury shares), for a total of ¥14,000 million. The shares will be repurchased at a price of ¥3,095 per share. The purpose of repurchase program is to enhance shareholder returns and improve capital. The repurchase program is valid till May 10, 2024. As of March 31, 2024, the company had 19,058,798 shares outstanding (excluding treasury shares) and had 1,213,971 shares in treasury. Valuation Update With 7 Day Price Move • May 10
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to JP¥3,795, the stock trades at a trailing P/E ratio of 9.3x. Average trailing P/E is 13x in the Infrastructure industry in Japan. Total returns to shareholders of 189% over the past three years. Annuncio • Mar 27
Nissin Corporation to Report Fiscal Year 2024 Results on May 09, 2024 Nissin Corporation announced that they will report fiscal year 2024 results on May 09, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥60.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 10 June 2024. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 4.1%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (2.1%). Reported Earnings • Feb 10
Third quarter 2024 earnings released: EPS: JP¥93.31 (vs JP¥121 in 3Q 2023) Third quarter 2024 results: EPS: JP¥93.31 (down from JP¥121 in 3Q 2023). Revenue: JP¥41.5b (down 7.7% from 3Q 2023). Net income: JP¥1.78b (down 24% from 3Q 2023). Profit margin: 4.3% (down from 5.2% 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 41% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Annuncio • Dec 22
Nissin Corporation to Report Q3, 2024 Results on Feb 08, 2024 Nissin Corporation announced that they will report Q3, 2024 results on Feb 08, 2024 Reported Earnings • Nov 10
Second quarter 2024 earnings released: EPS: JP¥96.80 (vs JP¥167 in 2Q 2023) Second quarter 2024 results: EPS: JP¥96.80 (down from JP¥167 in 2Q 2023). Revenue: JP¥41.3b (down 23% from 2Q 2023). Net income: JP¥1.87b (down 43% from 2Q 2023). Profit margin: 4.5% (down from 6.0% 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 54% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Annuncio • Sep 22
Nissin Corporation to Report Q2, 2024 Results on Nov 09, 2023 Nissin Corporation announced that they will report Q2, 2024 results on Nov 09, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of JP¥50.00 per share at 3.5% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 06 December 2023. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 3.5%. Within top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (2.1%). Reported Earnings • Aug 08
First quarter 2024 earnings released: EPS: JP¥91.34 (vs JP¥134 in 1Q 2023) First quarter 2024 results: EPS: JP¥91.34 (down from JP¥134 in 1Q 2023). Revenue: JP¥41.1b (down 24% from 1Q 2023). Net income: JP¥1.78b (down 32% from 1Q 2023). Profit margin: 4.3% (down from 4.8% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Annuncio • Jun 23
Nissin Corporation to Report Q1, 2024 Results on Aug 07, 2023 Nissin Corporation announced that they will report Q1, 2024 results on Aug 07, 2023 Reported Earnings • May 10
Full year 2023 earnings released: EPS: JP¥540 (vs JP¥330 in FY 2022) Full year 2023 results: EPS: JP¥540 (up from JP¥330 in FY 2022). Revenue: JP¥194.2b (flat on FY 2022). Net income: JP¥10.5b (up 65% from FY 2022). Profit margin: 5.4% (up from 3.3% in FY 2022). Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Annuncio • May 10
Nissin Corporation (TSE:9066) announces an Equity Buyback for 1,300,000 shares, representing 6.55% for ¥2,000 million. Nissin Corporation (TSE:9066) announces a share repurchase program. Under the program, the company will repurchase up to 1,300,000 shares, representing 6.55251513% of its total shares outstanding (excluding treasury shares), for a total of ¥2,000 million. The purpose of repurchase program is to improve capital efficiency and enhance the shareholder returns. The repurchase program is valid till April 30, 2024. As of April 30, 2023, the company had 19,839,710 shares outstanding (excluding treasury shares) and had 433,059 shares in treasury. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥40.00 per share at 3.9% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 08 June 2023. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (3.4%). Reported Earnings • Feb 10
Third quarter 2023 earnings released: EPS: JP¥121 (vs JP¥103 in 3Q 2022) Third quarter 2023 results: EPS: JP¥121 (up from JP¥103 in 3Q 2022). Revenue: JP¥45.0b (down 12% from 3Q 2022). Net income: JP¥2.36b (up 18% from 3Q 2022). Profit margin: 5.2% (up from 3.9% in 3Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Annuncio • Dec 23
Nissin Corporation to Report Q3, 2023 Results on Feb 07, 2023 Nissin Corporation announced that they will report Q3, 2023 results on Feb 07, 2023 Board Change • Nov 16
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. 6 experienced directors. 3 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Outside Director Susumu Fujimoto was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 09
Second quarter 2023 earnings released: EPS: JP¥167 (vs JP¥51.33 in 2Q 2022) Second quarter 2023 results: EPS: JP¥167 (up from JP¥51.33 in 2Q 2022). Revenue: JP¥53.8b (up 23% from 2Q 2022). Net income: JP¥3.25b (up 228% from 2Q 2022). Profit margin: 6.0% (up from 2.3% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Annuncio • Sep 23
Nissin Corporation to Report Q2, 2023 Results on Nov 07, 2022 Nissin Corporation announced that they will report Q2, 2023 results on Nov 07, 2022 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥35.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 06 December 2022. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (3.0%). Reported Earnings • Aug 05
First quarter 2023 earnings released: EPS: JP¥134 (vs JP¥71.37 in 1Q 2022) First quarter 2023 results: EPS: JP¥134 (up from JP¥71.37 in 1Q 2022). Revenue: JP¥53.7b (up 27% from 1Q 2022). Net income: JP¥2.60b (up 90% from 1Q 2022). Profit margin: 4.8% (up from 3.2% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Annuncio • May 12
Nissin Corporation, Annual General Meeting, Jun 23, 2022 Nissin Corporation, Annual General Meeting, Jun 23, 2022. Reported Earnings • May 11
Full year 2022 earnings released: EPS: JP¥330 (vs JP¥104 in FY 2021) Full year 2022 results: EPS: JP¥330 (up from JP¥104 in FY 2021). Revenue: JP¥192.7b (up 24% from FY 2021). Net income: JP¥6.37b (up 217% from FY 2021). Profit margin: 3.3% (up from 1.3% in FY 2021). The increase in margin was driven by higher revenue. 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 4% per year, which means it is significantly lagging earnings. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 5 experienced directors. 2 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Outside Director Susumu Fujimoto was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Annuncio • Apr 08
Nissin Corporation to Report Fiscal Year 2022 Results on May 09, 2022 Nissin Corporation announced that they will report fiscal year 2022 results on May 09, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥32.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 08 June 2022. Payout ratio is a comfortable 20% but the company is not cash flow positive. Trailing yield: 3.6%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (3.0%). Reported Earnings • Feb 09
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥103 (up from JP¥58.80 in 3Q 2021). Revenue: JP¥51.0b (up 28% from 3Q 2021). Net income: JP¥2.00b (up 77% from 3Q 2021). Profit margin: 3.9% (up from 2.8% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. 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 5% per year. Reported Earnings • Nov 10
Second quarter 2022 earnings released: EPS JP¥51.33 (vs JP¥3.53 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥43.6b (up 25% from 2Q 2021). Net income: JP¥991.0m (up JP¥922.0m from 2Q 2021). Profit margin: 2.3% (up from 0.2% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Nov 02
Investor sentiment improved over the past week After last week's 15% share price gain to JP¥1,907, the stock trades at a trailing P/E ratio of 10.2x. Average trailing P/E is 13x in the Infrastructure industry in Japan. Total loss to shareholders of 2.0% over the past three years. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥28.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 07 December 2021. Trailing yield: 3.2%. Within top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (2.6%). Reported Earnings • Jun 30
Full year 2021 earnings released: EPS JP¥104 (vs JP¥137 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥155.9b (down 21% from FY 2020). Net income: JP¥2.01b (down 26% from FY 2020). Profit margin: 1.3% (down from 1.4% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Reported Earnings • May 12
Full year 2021 earnings released: EPS JP¥104 (vs JP¥137 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥155.9b (down 21% from FY 2020). Net income: JP¥2.01b (down 26% from FY 2020). Profit margin: 1.3% (down from 1.4% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥28.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 09 June 2021. Trailing yield: 3.6%. Within top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (2.2%). Is New 90 Day High Low • Mar 03
New 90-day high: JP¥1,435 The company is up 12% from its price of JP¥1,276 on 03 December 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Infrastructure industry, which is down 5.0% over the same period. Reported Earnings • Feb 12
Third quarter 2021 earnings released: EPS JP¥58.80 (vs JP¥46.40 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: JP¥39.7b (down 25% from 3Q 2020). Net income: JP¥1.13b (up 23% from 3Q 2020). Profit margin: 2.8% (up from 1.7% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Jan 05
New 90-day low: JP¥1,194 The company is down 25% from its price of JP¥1,600 on 07 October 2020. The Japanese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Infrastructure industry, which is up 8.0% over the same period. Annuncio • Dec 26
Nissin Corporation to Report Q3, 2021 Results on Feb 10, 2021 Nissin Corporation announced that they will report Q3, 2021 results on Feb 10, 2021 Is New 90 Day High Low • Dec 16
New 90-day low: JP¥1,198 The company is down 24% from its price of JP¥1,580 on 17 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Infrastructure industry, which is up 11% over the same period. Annuncio • Oct 10
Nissin Corporation to Report Q2, 2021 Results on Nov 09, 2020 Nissin Corporation announced that they will report Q2, 2021 results on Nov 09, 2020 Annuncio • Jun 29
Nissin Corporation to Report Q1, 2021 Results on Aug 06, 2020 Nissin Corporation announced that they will report Q1, 2021 results on Aug 06, 2020