Upcoming Dividend • May 21
Upcoming dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 28 May 2026. Payment date: 31 August 2026. Payout ratio is a comfortable 64% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.8%). In line with average of industry peers (2.9%). 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. 5 non-independent directors. Independent Outside Director Kenji Uchida was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. お知らせ • Feb 04
Frontier Inc. (FKSE:4250) announces an Equity Buyback for 100,000 shares, representing 7.2% for ¥59.5 million. Frontier Inc. (FKSE:4250) announces a share repurchase program. Under the program, the company will repurchase up to 100,000 shares, representing 7.20% of its issued share capital, for ¥59.50 million. The purpose of the program is to improve capital efficiency and to implement a flexible capital policy in response to changes in the business environment. The program will expire on February 5, 2026. As of November 30, 2025, the company had 1,389,200 shares in issue (excluding treasury shares) and 0 shares in treasury. お知らせ • Feb 25
Frontier Inc., Annual General Meeting, Feb 27, 2025 Frontier Inc., Annual General Meeting, Feb 27, 2025, at 10:00 Tokyo Standard Time. Location: 2-3-36 tenjin, chuo-ku, fukuoka prefecture , ibb fukuoka 6th floor conference room, fukuoka Japan Reported Earnings • Oct 18
Third quarter 2024 earnings released: JP¥5.76 loss per share (vs JP¥38.87 profit in 3Q 2023) Third quarter 2024 results: JP¥5.76 loss per share (down from JP¥38.87 profit in 3Q 2023). Revenue: JP¥326.0m (down 44% from 3Q 2023). Net loss: JP¥4.00m (down 115% from profit in 3Q 2023). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥847, the stock trades at a trailing P/E ratio of 9.6x. Average trailing P/E is 8x in the Auto Components industry in Japan. Total loss to shareholders of 9.7% over the past year. Valuation Update With 7 Day Price Move • Jul 19
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥1,088, the stock trades at a trailing P/E ratio of 12.4x. Average trailing P/E is 9x in the Auto Components industry in Japan. Total returns to shareholders of 6.5% over the past year. Reported Earnings • Jul 16
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: JP¥361.0m (down 27% from 2Q 2023). Net income: JP¥0 (down JP¥24.0m from profit in 2Q 2023). Profit margin: 0% (down from 4.8% in 2Q 2023). The decrease in margin was driven by lower revenue. Upcoming Dividend • May 23
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 30 May 2024. Payment date: 05 August 2024. Payout ratio is a comfortable 20% and the cash payout ratio is 83%. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (2.9%). Board Change • May 09
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. 5 non-independent directors. Independent Outside Director Kenji Uchida was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 16
First quarter 2024 earnings released: EPS: JP¥14.40 (vs JP¥8.64 in 1Q 2023) First quarter 2024 results: EPS: JP¥14.40 (up from JP¥8.64 in 1Q 2023). Revenue: JP¥417.0m (up 13% from 1Q 2023). Net income: JP¥10.0m (up 67% from 1Q 2023). Profit margin: 2.4% (up from 1.6% in 1Q 2023). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to JP¥1,400, the stock trades at a trailing P/E ratio of 12x. Average trailing P/E is 10x in the Auto Components industry in Japan. Total returns to shareholders of 82% over the past year. Reported Earnings • Jan 16
Full year 2023 earnings released: EPS: JP¥117 (vs JP¥56.15 in FY 2022) Full year 2023 results: EPS: JP¥117 (up from JP¥56.15 in FY 2022). Revenue: JP¥2.16b (up 13% from FY 2022). Net income: JP¥81.0m (up 108% from FY 2022). Profit margin: 3.7% (up from 2.0% in FY 2022). The increase in margin was driven by higher revenue. Upcoming Dividend • Nov 22
Upcoming dividend of JP¥15.00 per share at 2.0% yield Eligible shareholders must have bought the stock before 29 November 2023. Payment date: 28 February 2024. Payout ratio is a comfortable 15% but the company is not cash flow positive. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (2.8%). Reported Earnings • Oct 16
Third quarter 2023 earnings released: EPS: JP¥38.87 (vs JP¥20.16 in 3Q 2022) Third quarter 2023 results: EPS: JP¥38.87 (up from JP¥20.16 in 3Q 2022). Revenue: JP¥583.0m (up 10% from 3Q 2022). Net income: JP¥27.0m (up 93% from 3Q 2022). Profit margin: 4.6% (up from 2.6% in 3Q 2022). The increase in margin was driven by higher revenue. New Risk • Jul 18
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 32% 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 High level of non-cash earnings (32% accrual ratio). Market cap is less than US$10m (JP¥673.8m market cap, or US$4.86m). Minor Risk Share price has been volatile over the past 3 months (6.4% average weekly change). Reported Earnings • Jul 16
Second quarter 2023 earnings released: EPS: JP¥34.55 (vs JP¥15.84 in 2Q 2022) Second quarter 2023 results: EPS: JP¥34.55 (up from JP¥15.84 in 2Q 2022). Revenue: JP¥495.0m (up 33% from 2Q 2022). Net income: JP¥24.0m (up 118% from 2Q 2022). Profit margin: 4.8% (up from 2.9% in 2Q 2022). The increase in margin was driven by higher revenue. Reported Earnings • Apr 16
First quarter 2023 earnings released: EPS: JP¥8.64 (vs JP¥4.32 in 1Q 2022) First quarter 2023 results: EPS: JP¥8.64 (up from JP¥4.32 in 1Q 2022). Revenue: JP¥369.0m (up 4.8% from 1Q 2022). Net income: JP¥6.00m (up 100% from 1Q 2022). Profit margin: 1.6% (up from 0.9% in 1Q 2022). The increase in margin was driven by higher revenue. Reported Earnings • Mar 04
Full year 2022 earnings released: EPS: JP¥56.15 (vs JP¥102 in FY 2021) Full year 2022 results: EPS: JP¥56.15 (down from JP¥102 in FY 2021). Revenue: JP¥1.92b (up 14% from FY 2021). Net income: JP¥39.0m (down 40% from FY 2021). Profit margin: 2.0% (down from 3.9% in FY 2021). The decrease in margin was driven by higher expenses. Reported Earnings • Jan 15
Full year 2022 earnings released: EPS: JP¥56.15 (vs JP¥102 in FY 2021) Full year 2022 results: EPS: JP¥56.15 (down from JP¥102 in FY 2021). Revenue: JP¥1.92b (up 14% from FY 2021). Net income: JP¥39.0m (down 40% from FY 2021). Profit margin: 2.0% (down from 3.9% in FY 2021). The decrease in margin was driven by higher expenses. Upcoming Dividend • Nov 22
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 29 November 2022. Payment date: 28 February 2023. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (3.0%). Board Change • Nov 17
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Director Kenji Uchida was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 15
Third quarter 2022 earnings released: EPS: JP¥20.16 (vs JP¥41.27 in 3Q 2021) Third quarter 2022 results: EPS: JP¥20.16 (down from JP¥41.27 in 3Q 2021). Revenue: JP¥529.0m (up 8.8% from 3Q 2021). Net income: JP¥14.0m (down 46% from 3Q 2021). Profit margin: 2.6% (down from 5.3% in 3Q 2021). The decrease in margin was driven by higher expenses. Reported Earnings • Jul 17
Second quarter 2022 earnings released: EPS: JP¥15.84 (vs JP¥23.02 in 2Q 2021) Second quarter 2022 results: EPS: JP¥15.84 (down from JP¥23.02 in 2Q 2021). Revenue: JP¥373.0m (up 22% from 2Q 2021). Net income: JP¥11.0m (down 24% from 2Q 2021). Profit margin: 2.9% (down from 4.7% in 2Q 2021). The decrease in margin was driven by higher expenses. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Director Kenji Uchida was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 15
First quarter 2022 earnings: EPS misses analyst expectations First quarter 2022 results: EPS: JP¥4.32 (down from JP¥23.02 in 1Q 2021). Revenue: JP¥352.0m (up 15% from 1Q 2021). Net income: JP¥3.00m (down 79% from 1Q 2021). Profit margin: 0.9% (down from 4.7% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 17%. Reported Earnings • Mar 03
Full year 2021 earnings: EPS misses analyst expectations Full year 2021 results: EPS: JP¥102 (up from JP¥96.83 in FY 2020). Revenue: JP¥1.68b (up 13% from FY 2020). Net income: JP¥65.0m (up 6.6% from FY 2020). Profit margin: 3.9% (down from 4.1% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 17%. Reported Earnings • Jan 16
Full year 2021 earnings: EPS misses analyst expectations Full year 2021 results: EPS: JP¥102 (up from JP¥96.83 in FY 2020). Revenue: JP¥1.68b (up 13% from FY 2020). Net income: JP¥65.0m (up 6.6% from FY 2020). Profit margin: 3.9% (down from 4.1% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 17%. Earnings per share (EPS) missed analyst estimates by 17%. Board Change • Nov 03
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Director Nobuyasu Rikimaru was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.