Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩8,770, the stock trades at a trailing P/E ratio of 5.4x. Average trailing P/E is 12x in the Electronic industry in South Korea. Total returns to shareholders of 70% over the past three years. Reported Earnings • Mar 17
Full year 2025 earnings released: EPS: ₩1,261 (vs ₩863 in FY 2024) Full year 2025 results: EPS: ₩1,261 (up from ₩863 in FY 2024). Revenue: ₩133.5b (up 18% from FY 2024). Net income: ₩18.3b (up 37% from FY 2024). Profit margin: 14% (up from 12% in FY 2024). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Annuncio • Feb 13
Bixolon Co., Ltd, Annual General Meeting, Mar 20, 2026 Bixolon Co., Ltd, Annual General Meeting, Mar 20, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 344, pangyo-ro, bundang-gu, gyeonggi-do, seongnam South Korea Valuation Update With 7 Day Price Move • Feb 04
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩7,220, the stock trades at a trailing P/E ratio of 6.4x. Average trailing P/E is 18x in the Electronic industry in South Korea. Total returns to shareholders of 8.3% over the past three years. Upcoming Dividend • Dec 22
Upcoming dividend of ₩200 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 13 April 2026. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of South Korean dividend payers (3.6%). Higher than average of industry peers (0.9%). Reported Earnings • Nov 14
Third quarter 2025 earnings released: EPS: ₩115 (vs ₩113 in 3Q 2024) Third quarter 2025 results: EPS: ₩115 (up from ₩113 in 3Q 2024). Revenue: ₩30.7b (up 7.3% from 3Q 2024). Net income: ₩4.38b (up 152% from 3Q 2024). Profit margin: 14% (up from 6.1% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Declared Dividend • Nov 08
Dividend of ₩200 announced Dividend of ₩200 is the same as last year. Ex-date: 29th December 2025 Payment date: 13th April 2026 Dividend yield will be 3.5%, which is higher than the industry average of 0.9%. Sustainability & Growth Dividend is well covered by both earnings (22% earnings payout ratio) and cash flows (40% cash payout ratio). The dividend has increased by an average of 1.8% per year over the past 6 years. However, payments have been volatile during that time. Earnings per share has grown by 5.9% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Annuncio • Nov 07
Bixolon Co., Ltd announces Annual dividend, payable on April 13, 2026 Bixolon Co., Ltd announced Annual dividend of KRW 200.0000 per share payable on April 13, 2026, ex-date on December 29, 2025 and record date on December 31, 2025. New Risk • Aug 21
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 44% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 4.6% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Market cap is less than US$100m (₩84.7b market cap, or US$60.5m). Annuncio • Jun 26
BIXOLON Co., Ltd Introduces SRP-S300II Linerless Printer BIXOLON Co. Ltd. announced the launch of the SRP-S300II, its next generation 3-inch (80 mm) linerless printer with highly durable platen roller and anti-adhesive technology. The SRP-S300II is a versatile printer designed for both linerless restick and receipt printing. It also supports an LCD display plus vertical stacking for smaller footprints. Built-in colour LCD display allows for simple setup and settings management alongside an order count notification which notifies the number of pending labels to assist with order queue management. Its voice error message and alarm functions inform users with audio and visual indications. The SRP-S 300II features a Taken Sensor™? technology which prevents labels jamming since labels will not continue to print until the current label has been removed. A specialised back-feeding function to minimise the top margin of the label alongside paper saving mode are supported to enable cost-efficient media expenses for users. For optimal printer performance, it's highly recommended to use B-linerless Restick paper to maximise work productivity and maintain operational efficiency. Designed for vertical stacking and optional wall-mount options further boast the versatility of the printer in environments where space is important such as order counters to coffee shops, restaurants, and bars. It supports impressive print speeds of up to 180 mm/sec at 203 dpi plus improved durability with an IP22 rating and built-in power adapter which protects the printer from water and moisture. The adjustable media holder offers convenient media options supporting 40 mm, 58 mm, and 80 mm media widths. Alongside USB, Bluetooth®?, WLAN, Powered USB, and Serial, enhanced connectivity options to multiple host devices via Ethernet is supported. Extended memory space to store large amounts of data; 512 MB SDRAM, 256 MB Flash. Reported Earnings • Mar 13
Full year 2024 earnings released: EPS: ₩863 (vs ₩688 in FY 2023) Full year 2024 results: EPS: ₩863 (up from ₩688 in FY 2023). Revenue: ₩113.5b (up 5.0% from FY 2023). Net income: ₩13.3b (up 21% from FY 2023). Profit margin: 12% (up from 10% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 42% 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. Annuncio • Feb 13
Bixolon Co., Ltd, Annual General Meeting, Mar 19, 2025 Bixolon Co., Ltd, Annual General Meeting, Mar 19, 2025, at 09:01 Tokyo Standard Time. Location: conference room, 344, pangyo-ro, bundang-gu, gyeonggi-do, seongnam South Korea Upcoming Dividend • Dec 20
Upcoming dividend of ₩200 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 14 April 2025. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 4.6%. Within top quartile of South Korean dividend payers (3.9%). Higher than average of industry peers (1.0%). New Risk • Dec 16
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 Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (₩65.1b market cap, or US$45.3m). Reported Earnings • Nov 15
Third quarter 2024 earnings released: EPS: ₩113 (vs ₩51.00 in 3Q 2023) Third quarter 2024 results: EPS: ₩113 (up from ₩51.00 in 3Q 2023). Revenue: ₩28.6b (up 15% from 3Q 2023). Net income: ₩1.74b (up ₩1.70b from 3Q 2023). Profit margin: 6.1% (up from 0.2% 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 43% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 13
Full year 2023 earnings released: EPS: ₩688 (vs ₩674 in FY 2022) Full year 2023 results: EPS: ₩688 (up from ₩674 in FY 2022). Revenue: ₩108.1b (down 20% from FY 2022). Net income: ₩11.0b (up 2.0% from FY 2022). Profit margin: 10% (up from 8.0% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Upcoming Dividend • Dec 20
Upcoming dividend of ₩400 per share at 6.8% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 08 April 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 6.8%. Within top quartile of South Korean dividend payers (3.5%). Higher than average of industry peers (0.9%). Reported Earnings • Nov 19
Third quarter 2023 earnings released: EPS: ₩2.00 (vs ₩517 in 3Q 2022) Third quarter 2023 results: EPS: ₩2.00 (down from ₩517 in 3Q 2022). Revenue: ₩24.8b (down 32% from 3Q 2022). Net income: ₩39.9m (down 100% from 3Q 2022). Profit margin: 0.2% (down from 23% in 3Q 2022). Revenue is forecast to grow 31% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Electronic industry in South Korea. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 7% per year. Reported Earnings • Mar 12
Full year 2022 earnings released: EPS: ₩674 (vs ₩1,594 in FY 2021) Full year 2022 results: EPS: ₩674 (down from ₩1,594 in FY 2021). Revenue: ₩134.9b (up 34% from FY 2021). Net income: ₩10.8b (down 58% from FY 2021). Profit margin: 8.0% (down from 26% in FY 2021). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Dec 21
Upcoming dividend of ₩250 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 17 April 2023. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 3.5%. Within top quartile of South Korean dividend payers (3.3%). Higher than average of industry peers (1.0%). Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Mar 16
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: ₩1,594 (up from ₩422 in FY 2020). Revenue: ₩100.4b (up 35% from FY 2020). Net income: ₩25.8b (up 271% from FY 2020). Profit margin: 26% (up from 9.3% in FY 2020). Revenue missed analyst estimates by 5.5%. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Dec 22
Upcoming dividend of ₩150 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 13 April 2022. Payout ratio is a comfortable 12% but the company is not cash flow positive. Trailing yield: 2.4%. Within top quartile of South Korean dividend payers (2.4%). Higher than average of industry peers (0.4%). Reported Earnings • Nov 17
Third quarter 2021 earnings released: EPS ₩467 (vs ₩44.00 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₩29.4b (up 65% from 3Q 2020). Net income: ₩7.49b (up ₩6.76b from 3Q 2020). Profit margin: 26% (up from 4.1% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has increased by 1% per year. Reported Earnings • May 20
First quarter 2021 earnings released: EPS ₩178 (vs ₩256 in 1Q 2020) The company reported a poor first quarter result with weaker earnings and profit margins, although revenues were flat. First quarter 2021 results: Revenue: ₩21.6b (flat on 1Q 2020). Net income: ₩2.91b (down 32% from 1Q 2020). Profit margin: 14% (down from 20% in 1Q 2020). 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 8% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 12
Full year 2020 earnings released: EPS ₩422 (vs ₩572 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: ₩74.5b (down 12% from FY 2019). Net income: ₩6.95b (down 28% from FY 2019). Profit margin: 9.3% (down from 12% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 25% 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. Annuncio • Feb 16
Bixolon Co., Ltd, Annual General Meeting, Mar 23, 2021 Bixolon Co., Ltd, Annual General Meeting, Mar 23, 2021, at 09:00 Korea Standard Time. Is New 90 Day High Low • Feb 08
New 90-day high: ₩4,775 The company is up 11% from its price of ₩4,295 on 10 November 2020. The South Korean market is up 25% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 38% over the same period. Is New 90 Day High Low • Jan 14
New 90-day high: ₩4,620 The company is up 10.0% from its price of ₩4,195 on 16 October 2020. The South Korean market is up 31% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 43% over the same period. Upcoming Dividend • Dec 22
Upcoming Dividend of ₩190 Per Share Will be paid on the 10th of April to those who are registered shareholders by the 29th of December. The trailing yield of 4.2% is in the top quartile of South Korean dividend payers (2.6%), and it is higher than industry peers (0.5%). Is New 90 Day High Low • Dec 16
New 90-day high: ₩4,480 The company is up 5.0% from its price of ₩4,285 on 17 September 2020. The South Korean market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 11% over the same period. Is New 90 Day High Low • Sep 22
New 90-day low: ₩4,105 The company is down 15% from its price of ₩4,850 on 24 June 2020. The South Korean market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 14% over the same period.