MERF（3168）株式概要株式会社マーフは、日本、韓国、中国をはじめとするアジア、ヨーロッパ、そして世界各国において、各種金属の集荷、加工、製造、販売を行っている。 詳細3168 ファンダメンタル分析スノーフレーク・スコア評価1/6将来の成長0/6過去の実績3/6財務の健全性3/6配当金3/6報酬株価収益率（ 13 x） JP市場（ 13.8 x）を下回っています。過去1年間で収益は384.2%増加しました リスク分析負債は営業キャッシュフローで十分にカバーされていない 過去5年間で収益は年間25.6%減少しました。 JP市場と比較して、過去 3 か月間の株価の変動が非常に大きい高いレベルの非現金収入 すべてのリスクチェックを見る3168 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueJP¥Current PriceJP¥1.53k6.6% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-347m113b2016201920222025202620282031Revenue JP¥112.9bEarnings JP¥2.2bAdvancedSet Fair ValueView all narrativesMERF Inc. 競合他社Toho ZincSymbol: TSE:5707Market cap: JP¥36.2bCK SAN-ETSUSymbol: TSE:5757Market cap: JP¥38.1bNihon SeikoSymbol: TSE:5729Market cap: JP¥16.4bOSAKA Titanium technologiesLtdSymbol: TSE:5726Market cap: JP¥84.7b価格と性能株価の高値、安値、推移の概要MERF過去の株価現在の株価JP¥1,525.0052週高値JP¥1,935.0052週安値JP¥525.00ベータ1.221ヶ月の変化9.63%3ヶ月変化-0.065%1年変化182.93%3年間の変化157.60%5年間の変化54.51%IPOからの変化163.39%最新ニュースValuation Update With 7 Day Price Move • May 12Investor sentiment improves as stock rises 15%After last week's 15% share price gain to JP¥1,730, the stock trades at a trailing P/E ratio of 14.8x. Average trailing P/E is 13x in the Metals and Mining industry in Japan. Total returns to shareholders of 215% over the past three years.Declared Dividend • May 09First half dividend of JP¥10.00 announcedShareholders will receive a dividend of JP¥10.00. Ex-date: 28th August 2026 Payment date: 24th November 2026 Dividend yield will be 1.9%, which is lower than the industry average of 3.4%. Sustainability & Growth Dividend is covered by earnings (17% 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 15% 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 23% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.分析記事 • Apr 20We Think You Should Be Aware Of Some Concerning Factors In MERF's (TSE:3168) EarningsThe stock price didn't jump after MERF Inc. ( TSE:3168 ) posted decent earnings last week. We did some digging and...Valuation Update With 7 Day Price Move • Apr 20Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to JP¥1,322, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 13x in the Metals and Mining industry in Japan. Total returns to shareholders of 142% over the past three years.Buy Or Sell Opportunity • Apr 14Now 25% undervaluedOver the last 90 days, the stock has risen 78% to JP¥1,385. The fair value is estimated to be JP¥1,838, however this is not to be taken as a buy 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 35%.お知らせ • Apr 03MERF Inc. to Report Q2, 2026 Results on Apr 13, 2026MERF Inc. announced that they will report Q2, 2026 results on Apr 13, 2026最新情報をもっと見るRecent updatesValuation Update With 7 Day Price Move • May 12Investor sentiment improves as stock rises 15%After last week's 15% share price gain to JP¥1,730, the stock trades at a trailing P/E ratio of 14.8x. Average trailing P/E is 13x in the Metals and Mining industry in Japan. Total returns to shareholders of 215% over the past three years.Declared Dividend • May 09First half dividend of JP¥10.00 announcedShareholders will receive a dividend of JP¥10.00. Ex-date: 28th August 2026 Payment date: 24th November 2026 Dividend yield will be 1.9%, which is lower than the industry average of 3.4%. Sustainability & Growth Dividend is covered by earnings (17% 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 15% 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 23% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.分析記事 • Apr 20We Think You Should Be Aware Of Some Concerning Factors In MERF's (TSE:3168) EarningsThe stock price didn't jump after MERF Inc. ( TSE:3168 ) posted decent earnings last week. We did some digging and...Valuation Update With 7 Day Price Move • Apr 20Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to JP¥1,322, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 13x in the Metals and Mining industry in Japan. Total returns to shareholders of 142% over the past three years.Buy Or Sell Opportunity • Apr 14Now 25% undervaluedOver the last 90 days, the stock has risen 78% to JP¥1,385. The fair value is estimated to be JP¥1,838, however this is not to be taken as a buy 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 35%.お知らせ • Apr 03MERF Inc. to Report Q2, 2026 Results on Apr 13, 2026MERF Inc. announced that they will report Q2, 2026 results on Apr 13, 2026Buy Or Sell Opportunity • Mar 09Now 21% undervaluedOver the last 90 days, the stock has risen 175% to JP¥1,595. The fair value is estimated to be JP¥2,028, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 19%.Buy Or Sell Opportunity • Feb 18Now 24% undervaluedOver the last 90 days, the stock has risen 175% to JP¥1,530. The fair value is estimated to be JP¥2,015, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 19%.分析記事 • Feb 04MERF (TSE:3168) Takes On Some Risk With Its Use Of DebtLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Valuation Update With 7 Day Price Move • Jan 21Investor sentiment improves as stock rises 23%After last week's 23% share price gain to JP¥952, the stock trades at a trailing P/E ratio of 78.6x. Average trailing P/E is 15x in the Metals and Mining industry in Japan. Total returns to shareholders of 72% over the past three years.New Risk • Jan 15New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.9% 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: Major Risks Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Earnings have declined by 38% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (164% payout ratio). Share price has been volatile over the past 3 months (6.9% average weekly change). Profit margins are more than 30% lower than last year (0.2% net profit margin). Market cap is less than US$100m (JP¥13.1b market cap, or US$82.6m).Reported Earnings • Jan 15First quarter 2026 earnings released: EPS: JP¥28.79 (vs JP¥2.27 in 1Q 2025)First quarter 2026 results: EPS: JP¥28.79 (up from JP¥2.27 in 1Q 2025). Revenue: JP¥21.1b (down 1.2% from 1Q 2025). Net income: JP¥407.0m (up JP¥375.0m from 1Q 2025). Profit margin: 1.9% (up from 0.1% in 1Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings.分析記事 • Jan 14MERF Inc.'s (TSE:3168) 28% Share Price Surge Not Quite Adding UpMERF Inc. ( TSE:3168 ) shares have continued their recent momentum with a 28% gain in the last month alone. Looking...分析記事 • Dec 11MERF (TSE:3168) Is Due To Pay A Dividend Of ¥10.00MERF Inc.'s ( TSE:3168 ) investors are due to receive a payment of ¥10.00 per share on 8th of May. This payment means...Declared Dividend • Dec 11Final dividend of JP¥10.00 announcedDividend of JP¥10.00 is the same as last year. Ex-date: 26th February 2026 Payment date: 8th May 2026 Dividend yield will be 3.4%, which is about the same as the industry average. Sustainability & Growth The dividend has increased by an average of 15% 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.お知らせ • Dec 06MERF Inc. to Report Q1, 2026 Results on Jan 14, 2026MERF Inc. announced that they will report Q1, 2026 results on Jan 14, 2026Reported Earnings • Oct 11Full year 2025 earnings released: JP¥14.37 loss per share (vs JP¥37.69 profit in FY 2024)Full year 2025 results: JP¥14.37 loss per share (down from JP¥37.69 profit in FY 2024). Revenue: JP¥82.4b (flat on FY 2024). Net loss: JP¥203.0m (down 138% from profit in FY 2024). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has remained flat, which means it is well ahead of earnings.お知らせ • Oct 10MERF Inc., Annual General Meeting, Nov 20, 2025MERF Inc., Annual General Meeting, Nov 20, 2025.Upcoming Dividend • Aug 21Upcoming dividend of JP¥10.00 per shareEligible shareholders must have bought the stock before 28 August 2025. Payment date: 25 November 2025. Trailing yield: 3.5%. Lower than top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (3.5%).分析記事 • Aug 01MERF (TSE:3168) Has Affirmed Its Dividend Of ¥10.00The board of MERF Inc. ( TSE:3168 ) has announced that it will pay a dividend on the 25th of November, with investors...お知らせ • Aug 01MERF Inc. to Report Fiscal Year 2025 Results on Oct 10, 2025MERF Inc. announced that they will report fiscal year 2025 results on Oct 10, 2025分析記事 • Jul 17MERF (TSE:3168) Will Pay A Dividend Of ¥10.00The board of MERF Inc. ( TSE:3168 ) has announced that it will pay a dividend on the 25th of November, with investors...Reported Earnings • Jul 14Third quarter 2025 earnings released: JP¥14.92 loss per share (vs JP¥41.78 profit in 3Q 2024)Third quarter 2025 results: JP¥14.92 loss per share (down from JP¥41.78 profit in 3Q 2024). Revenue: JP¥18.9b (down 15% from 3Q 2024). Net loss: JP¥211.0m (down 136% from profit in 3Q 2024). 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 2% per year, which means it has not declined as severely as earnings.分析記事 • May 09MERF (TSE:3168) Has Affirmed Its Dividend Of ¥10.00The board of MERF Inc. ( TSE:3168 ) has announced that it will pay a dividend of ¥10.00 per share on the 25th of...Declared Dividend • May 09First half dividend of JP¥10.00 announcedDividend of JP¥10.00 is the same as last year. Ex-date: 28th August 2025 Payment date: 25th November 2025 Dividend yield will be 3.8%, which is higher than the industry average of 3.4%. Sustainability & Growth The dividend has increased by an average of 17% per year over the past 9 years and payments have been stable during that time.お知らせ • May 03MERF Inc. to Report Q3, 2025 Results on Jul 11, 2025MERF Inc. announced that they will report Q3, 2025 results on Jul 11, 2025New Risk • Apr 21New minor risk - Dividend sustainabilityThe dividend is not well covered by earnings. Payout ratio: 0% Dividend yield: 5.9% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings 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. However, this risk is mitigated by the fact the dividend is covered by cash flows. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Earnings have declined by 8.7% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (0% payout ratio). Market cap is less than US$100m (JP¥7.18b market cap, or US$51.0m).分析記事 • Apr 18MERF's (TSE:3168) Performance Is Even Better Than Its Earnings SuggestThe subdued stock price reaction suggests that MERF Inc.'s ( TSE:3168 ) strong earnings didn't offer any surprises...Reported Earnings • Apr 12Second quarter 2025 earnings released: JP¥14.79 loss per share (vs JP¥7.58 loss in 2Q 2024)Second quarter 2025 results: JP¥14.79 loss per share (further deteriorated from JP¥7.58 loss in 2Q 2024). Revenue: JP¥21.7b (up 23% from 2Q 2024). Net loss: JP¥209.0m (loss widened 95% from 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.お知らせ • Apr 11+ 1 more updateMerf Inc. Announces Dividend for the Second Quarter End of Fiscal Year Ending August 2025, Payable on May 8, 2025MERF Inc. announced dividend for the second quarter end of fiscal year ending August 2025. For the second quarter, the company announced to pay ¥10.00 per share against ¥10.00 per share a year ago. Dividend payable date (as planned) is May 8, 2025.分析記事 • Apr 08Is MERF (TSE:3168) A Risky Investment?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Upcoming Dividend • Feb 20Upcoming dividend of JP¥10.00 per shareEligible shareholders must have bought the stock before 27 February 2025. Payment date: 08 May 2025. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (4.3%).分析記事 • Feb 10MERF (TSE:3168) Has Announced A Dividend Of ¥10.00MERF Inc. ( TSE:3168 ) will pay a dividend of ¥10.00 on the 8th of May. Based on this payment, the dividend yield will...お知らせ • Feb 08MERF Inc. to Report Q2, 2025 Results on Apr 11, 2025MERF Inc. announced that they will report Q2, 2025 results on Apr 11, 2025Reported Earnings • Jan 15First quarter 2025 earnings released: EPS: JP¥2.27 (vs JP¥8.51 in 1Q 2024)First quarter 2025 results: EPS: JP¥2.27 (down from JP¥8.51 in 1Q 2024). Revenue: JP¥21.4b (up 20% from 1Q 2024). Net income: JP¥32.0m (down 73% from 1Q 2024). Profit margin: 0.1% (down from 0.7% 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 46% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.分析記事 • Jan 09MERF (TSE:3168) Has Announced A Dividend Of ¥10.00The board of MERF Inc. ( TSE:3168 ) has announced that it will pay a dividend on the 8th of May, with investors...分析記事 • Dec 19Kurotani (TSE:3168) Has Affirmed Its Dividend Of ¥10.00Kurotani Corporation's ( TSE:3168 ) investors are due to receive a payment of ¥10.00 per share on 8th of May. Based on...Declared Dividend • Dec 19Final dividend of JP¥10.00 announcedDividend of JP¥10.00 is the same as last year. Ex-date: 27th February 2025 Payment date: 8th May 2025 Dividend yield will be 3.6%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is covered by both earnings (39% earnings payout ratio) and cash flows (52% cash payout ratio). The dividend has increased by an average of 17% per year over the past 9 years and payments have been stable during that time. Earnings per share has grown by 7.2% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.お知らせ • Dec 17Kurotani Corporation to Report Q1, 2025 Results on Jan 16, 2025Kurotani Corporation announced that they will report Q1, 2025 results on Jan 16, 2025Reported Earnings • Oct 16Full year 2024 earnings released: EPS: JP¥37.69 (vs JP¥12.01 in FY 2023)Full year 2024 results: EPS: JP¥37.69 (up from JP¥12.01 in FY 2023). Revenue: JP¥82.1b (down 3.0% from FY 2023). Net income: JP¥532.0m (up 213% from FY 2023). Profit margin: 0.6% (up from 0.2% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 55% 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.お知らせ • Oct 11Kurotani Corporation, Annual General Meeting, Nov 21, 2024Kurotani Corporation, Annual General Meeting, Nov 21, 2024.Upcoming Dividend • Aug 22Upcoming dividend of JP¥10.00 per shareEligible shareholders must have bought the stock before 29 August 2024. Payment date: 25 November 2024. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (4.2%).お知らせ • Aug 18Kurotani Corporation to Report Fiscal Year 2024 Results on Oct 11, 2024Kurotani Corporation announced that they will report fiscal year 2024 results on Oct 11, 2024分析記事 • Aug 07Kurotani (TSE:3168) Might Have The Makings Of A Multi-BaggerThere are a few key trends to look for if we want to identify the next multi-bagger. One common approach is to try and...Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 22%After last week's 22% share price decline to JP¥590, the stock trades at a trailing P/E ratio of 11.6x. Average trailing P/E is 9x in the Metals and Mining industry in Japan. Total loss to shareholders of 23% over the past three years.Reported Earnings • Jul 16Third quarter 2024 earnings released: EPS: JP¥41.78 (vs JP¥6.10 in 3Q 2023)Third quarter 2024 results: EPS: JP¥41.78 (up from JP¥6.10 in 3Q 2023). Revenue: JP¥22.4b (up 12% from 3Q 2023). Net income: JP¥590.0m (up JP¥504.0m from 3Q 2023). Profit margin: 2.6% (up from 0.4% 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 61% per year but the company’s share price has remained flat, which means it is well ahead of earnings.分析記事 • Jul 12Kurotani (TSE:3168) Has Announced A Dividend Of ¥10.00Kurotani Corporation ( TSE:3168 ) has announced that it will pay a dividend of ¥10.00 per share on the 25th of...お知らせ • Jul 12Kurotani Corporation Provides Consolidated Earnings Guidance for the Fiscal Year Ending August 31, 2024Kurotani Corporation provided consolidated earnings guidance for the fiscal year ending August 31, 2024. For the year, company expects net sales of JPY 82,128 million, operating profit of JPY 2,271 million, profit attributable to owner of parent of JPY 1,080 million and basic earnings per share of JPY 76.52.分析記事 • Jun 19Kurotani (TSE:3168) Has Announced A Dividend Of ¥10.00The board of Kurotani Corporation ( TSE:3168 ) has announced that it will pay a dividend of ¥10.00 per share on the...お知らせ • May 03Kurotani Corporation to Report Q3, 2024 Results on Jul 12, 2024Kurotani Corporation announced that they will report Q3, 2024 results on Jul 12, 2024分析記事 • Apr 29Kurotani (TSE:3168) Has Affirmed Its Dividend Of ¥10.00The board of Kurotani Corporation ( TSE:3168 ) has announced that it will pay a dividend of ¥10.00 per share on the...分析記事 • Apr 15Kurotani's (TSE:3168) Dividend Will Be ¥10.00Kurotani Corporation ( TSE:3168 ) has announced that it will pay a dividend of ¥10.00 per share on the 25th of...Reported Earnings • Apr 14Second quarter 2024 earnings released: JP¥7.58 loss per share (vs JP¥0.85 loss in 2Q 2023)Second quarter 2024 results: JP¥7.58 loss per share (further deteriorated from JP¥0.85 loss in 2Q 2023). Revenue: JP¥17.7b (down 13% from 2Q 2023). Net loss: JP¥107.0m (loss widened JP¥95.0m from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Feb 21Upcoming dividend of JP¥10.00 per shareEligible shareholders must have bought the stock before 28 February 2024. Payment date: 09 May 2024. Payout ratio is on the higher end at 91%, however this is supported by cash flows. Trailing yield: 3.3%. Within top quartile of Japanese dividend payers (3.3%). In line with average of industry peers (3.5%).お知らせ • Jan 28Kurotani Corporation to Report Q2, 2024 Results on Apr 12, 2024Kurotani Corporation announced that they will report Q2, 2024 results on Apr 12, 2024Reported Earnings • Jan 16First quarter 2024 earnings released: EPS: JP¥8.51 (vs JP¥1.48 loss in 1Q 2023)First quarter 2024 results: EPS: JP¥8.51 (up from JP¥1.48 loss in 1Q 2023). Revenue: JP¥17.7b (down 16% from 1Q 2023). Net income: JP¥120.0m (up JP¥141.0m from 1Q 2023). Profit margin: 0.7% (up from net loss in 1Q 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 47% 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.お知らせ • Jan 16Kurotani Corporation Provides Dividend Guidance for the Second Quarter and Fiscal Year Ending August 31, 2024Kurotani Corporation provides dividend guidance for the second quarter and fiscal year ending August 31, 2024. For the quarter, the company expects dividend to be JPY 10 per share.For the year, the company expects dividend to be JPY 10 per share.お知らせ • Nov 29Kurotani Corporation to Report Q1, 2024 Results on Feb 13, 2024Kurotani Corporation announced that they will report Q1, 2024 results on Feb 13, 2024Reported Earnings • Oct 16Full year 2023 earnings released: EPS: JP¥12.01 (vs JP¥38.48 in FY 2022)Full year 2023 results: EPS: JP¥12.01 (down from JP¥38.48 in FY 2022). Revenue: JP¥84.6b (down 5.1% from FY 2022). Net income: JP¥170.0m (down 69% from FY 2022). Profit margin: 0.2% (down from 0.6% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.お知らせ • Oct 15Kurotani Corporation, Annual General Meeting, Nov 22, 2023Kurotani Corporation, Annual General Meeting, Nov 22, 2023.お知らせ • Oct 14+ 1 more updateKurotani Corporation Provides Consolidated Earnings Guidance for the First Half Ending February 2024 and Full Year Ending August 31, 2024Kurotani Corporation provided consolidated earnings guidance for the first half ending February 2024 and full year ending August 31, 2024. For the first half, the company expected net sales of JPY 32,675 million, operating profit of JPY 252 million, profit attributable to owner of parent of JPY 117 million and basic earnings per share of JPY 8.30.For the year, the company expected net sales of JPY 72,917 million, operating profit of JPY 634 million, profit attributable to owner of parent of JPY 320 million and basic earnings per share of JPY 22.65.Upcoming Dividend • Aug 23Upcoming dividend of JP¥10.00 per share at 3.2% yieldEligible shareholders must have bought the stock before 30 August 2023. Payment date: 28 November 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.5%). In line with average of industry peers (3.5%).お知らせ • Aug 03Kurotani Corporation to Report Q4, 2023 Results on Oct 13, 2023Kurotani Corporation announced that they will report Q4, 2023 results on Oct 13, 2023Reported Earnings • Jul 16Third quarter 2023 earnings released: EPS: JP¥6.10 (vs JP¥31.21 in 3Q 2022)Third quarter 2023 results: EPS: JP¥6.10 (down from JP¥31.21 in 3Q 2022). Revenue: JP¥20.0b (down 20% from 3Q 2022). Net income: JP¥86.0m (down 81% from 3Q 2022). Profit margin: 0.4% (down from 1.8% in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.お知らせ • Jul 12+ 1 more updateKurotani Corporation Provides Earnings Guidance for the Full Year Ending August 31, 2023Kurotani Corporation provided earnings guidance for the full year ending August 31, 2023. For the year, the company expected net sales of JPY 81,576 million, operating profit of JPY 535 million, profit attributable to owner of parent of JPY 208 million and basic earnings per share of JPY 14.67.お知らせ • May 19Kurotani Corporation to Report Q3, 2023 Results on Jul 12, 2023Kurotani Corporation announced that they will report Q3, 2023 results on Jul 12, 2023Reported Earnings • Apr 16Second quarter 2023 earnings released: JP¥0.85 loss per share (vs JP¥12.38 profit in 2Q 2022)Second quarter 2023 results: JP¥0.85 loss per share (down from JP¥12.38 profit in 2Q 2022). Revenue: JP¥20.3b (up 1.2% from 2Q 2022). Net loss: JP¥12.0m (down 107% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 20% 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 • Feb 20Upcoming dividend of JP¥10.00 per share at 3.3% yieldEligible shareholders must have bought the stock before 27 February 2023. Payment date: 09 May 2023. Payout ratio is on the higher end at 81% but the company is not cash flow positive. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (4.5%).お知らせ • Jan 29Kurotani Corporation to Report Q2, 2023 Results on Apr 14, 2023Kurotani Corporation announced that they will report Q2, 2023 results on Apr 14, 2023Reported Earnings • Jan 13First quarter 2023 earnings released: JP¥1.48 loss per share (vs JP¥12.19 profit in 1Q 2022)First quarter 2023 results: JP¥1.48 loss per share (down from JP¥12.19 profit in 1Q 2022). Revenue: JP¥21.2b (up 4.7% from 1Q 2022). Net loss: JP¥21.0m (down 112% from profit in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.お知らせ • Jan 13Kurotani Corporation (TSE:3168) announces an Equity Buyback for 140,000 shares, for ¥85.4 million.Kurotani Corporation (TSE:3168) announces a share repurchase program. Under the program, the company will repurchase up to 140,000 shares, representing 0.98% of its issued share capital (excluding treasury stock), for a total purchase price of ¥85.4 million. The shares will be repurchased at a price of ¥610 per share. The purpose of the program is to implement a flexible capital policy that responds to changes in the business environment. As of August 31, 2022, the company has 14,337,200 issued shares (excluding treasury stock) and 112,166 treasury shares.お知らせ • Jan 12+ 1 more updateKurotani Corporation Provides Consolidated Earnings Guidance for the First Half Ending February 2023 and Full Year Ending August 31, 2023Kurotani Corporation provided consolidated earnings guidance for the first half ending February 2023 and full year ending August 31, 2023. For the first half, the company expected net sales of JPY 39,748 million, operating profit of JPY 481 million, profit attributable to owner of parent of JPY 305 million and basic earnings per share of JPY 21.49.For the year, the company expected net sales of JPY 83,158 million, operating profit of JPY 1,124 million, profit attributable to owner of parent of JPY 720 million and basic earnings per share of JPY 50.68.お知らせ • Nov 27Kurotani Corporation to Report Q1, 2023 Results on Jan 12, 2023Kurotani Corporation announced that they will report Q1, 2023 results on Jan 12, 2023Board Change • Nov 16No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 6 highly experienced directors. No independent directors (7 non-independent directors). External Director Kenichi Mizuno was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.Reported Earnings • Oct 17Full year 2022 earnings released: EPS: JP¥38.48 (vs JP¥95.36 in FY 2021)Full year 2022 results: EPS: JP¥38.48 (down from JP¥95.36 in FY 2021). Revenue: JP¥89.1b (up 44% from FY 2021). Net income: JP¥547.0m (down 60% from FY 2021). Profit margin: 0.6% (down from 2.2% 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 72% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.お知らせ • Oct 16Kurotani Corporation, Annual General Meeting, Nov 25, 2022Kurotani Corporation, Annual General Meeting, Nov 25, 2022.お知らせ • Oct 15Kurotani Provides Dividend Guidance for the Second Quarter and Year Ending August 2023Kurotani Corporation expects a dividend of ¥10.00 per share for the year ending August 2023.For the second quarter of year ending August 2023, the company expects dividend of ¥10.00 per share.お知らせ • Oct 14Kurotani Corporation Provides Consolidated Earnings Guidance for the First Half Ending February 2023 and Full Year Ending August 31, 2023Kurotani Corporation provided consolidated earnings guidance for the first half ending February 2023 and full year ending August 31, 2023. For the second quarter, the company expects net sales of JPY 39,748 million, operating profit of JPY 481 million, profit attributable to owner of parent of JPY 305 million and basic earnings per share of JPY 21.49.For the year, the company expects net sales of JPY 83,158 million, operating profit of JPY 1,124 million, profit attributable to owner of parent of JPY 720 million and basic earnings per share of JPY 50.68.Upcoming Dividend • Aug 23Upcoming dividend of JP¥10.00 per shareEligible shareholders must have bought the stock before 30 August 2022. Payment date: 28 November 2022. Payout ratio is a comfortable 20% but the company is not cash flow positive. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (5.5%).お知らせ • Aug 22Kurotani Corporation to Report Fiscal Year 2022 Results on Oct 14, 2022Kurotani Corporation announced that they will report fiscal year 2022 results on Oct 14, 2022Reported Earnings • Jul 13Third quarter 2022 earnings released: EPS: JP¥31.21 (vs JP¥33.46 in 3Q 2021)Third quarter 2022 results: EPS: JP¥31.21 (down from JP¥33.46 in 3Q 2021). Revenue: JP¥25.2b (up 57% from 3Q 2021). Net income: JP¥444.0m (down 6.5% from 3Q 2021). Profit margin: 1.8% (down from 3.0% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.お知らせ • Jul 12Kurotani Corporation Provides Dividend Guidance for the Year Ending August 2022Kurotani Corporation expects a dividend of ¥10.00 per share for the year ending August 2022.お知らせ • May 20Kurotani Corporation to Report Q3, 2022 Results on Jul 11, 2022Kurotani Corporation announced that they will report Q3, 2022 results on Jul 11, 2022Board Change • Apr 27No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 6 highly experienced directors. No independent directors (7 non-independent directors). External Director Kenichi Mizuno was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.Valuation Update With 7 Day Price Move • Apr 18Investor sentiment deteriorated over the past weekAfter last week's 19% share price decline to JP¥614, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 8x in the Metals and Mining industry in Japan. Total returns to shareholders of 44% over the past three years.Reported Earnings • Apr 12Second quarter 2022 earnings released: EPS: JP¥12.38 (vs JP¥19.10 in 2Q 2021)Second quarter 2022 results: EPS: JP¥12.38 (down from JP¥19.10 in 2Q 2021). Revenue: JP¥20.1b (up 44% from 2Q 2021). Net income: JP¥176.0m (down 35% from 2Q 2021). Profit margin: 0.9% (down from 1.9% 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 107% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.お知らせ • Apr 12+ 1 more updateKurotani Corporation Provides Consolidated Earnings Guidance for the Full Year Ending August 2022Kurotani Corporation provided consolidated earnings guidance for the full year ending August 2022. For the period, the company expected net sales of JPY 79,315 million, operating profit of JPY 1,266 million, profit attributable to owners of parent of JPY 638 million and basic earnings per share of JPY 44.85.Upcoming Dividend • Feb 18Upcoming dividend of JP¥10.00 per shareEligible shareholders must have bought the stock before 25 February 2022. Payment date: 09 May 2022. Payout ratio is a comfortable 16% but the company is not cash flow positive. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (5.0%).お知らせ • Feb 11Kurotani Corporation to Report Q2, 2022 Results on Apr 11, 2022Kurotani Corporation announced that they will report Q2, 2022 results on Apr 11, 2022Reported Earnings • Jan 16First quarter 2022 earnings: Revenues and EPS in line with analyst expectationsFirst quarter 2022 results: EPS: JP¥12.19 (up from JP¥11.78 in 1Q 2021). Revenue: JP¥20.2b (up 55% from 1Q 2021). Net income: JP¥173.0m (up 3.6% from 1Q 2021). Profit margin: 0.9% (down from 1.3% in 1Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 114% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Oct 18Investor sentiment improved over the past weekAfter last week's 26% share price gain to JP¥812, the stock trades at a trailing P/E ratio of 8.5x. Average trailing P/E is 10x in the Metals and Mining industry in Japan. Total returns to shareholders of 66% over the past three years.Reported Earnings • Oct 12Full year 2021 earnings released: EPS JP¥95.36 (vs JP¥26.69 in FY 2020)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥62.1b (up 45% from FY 2020). Net income: JP¥1.35b (up 258% from FY 2020). Profit margin: 2.2% (up from 0.9% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Aug 23Upcoming dividend of JP¥7.50 per shareEligible shareholders must have bought the stock before 30 August 2021. Payment date: 27 November 2021. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.1%). Lower than average of industry peers (2.7%).株主還元3168JP Metals and MiningJP 市場7D-1.2%-2.6%1.2%1Y182.9%93.4%42.1%株主還元を見る業界別リターン: 3168過去 1 年間で93.4 % の収益を上げたJP Metals and Mining業界を上回りました。リターン対市場: 3168過去 1 年間で42.1 % の収益を上げたJP市場を上回りました。価格変動Is 3168's price volatile compared to industry and market?3168 volatility3168 Average Weekly Movement12.7%Metals and Mining Industry Average Movement6.3%Market Average Movement5.0%10% most volatile stocks in JP Market9.5%10% least volatile stocks in JP Market2.5%安定した株価: 3168の株価は、 JP市場と比較して過去 3 か月間で変動しています。時間の経過による変動: 3168の weekly volatility ( 13% ) は過去 1 年間安定していますが、依然としてJPの株式の 75% よりも高くなっています。会社概要設立従業員CEO（最高経営責任者ウェブサイト1870154Akira Kurotaniwww.merf.co.jp株式会社メルフは、日本、韓国、中国、その他のアジア、ヨーロッパ、および国際的な各種金属の収集、加工、製造、販売に従事している。同社は非鉄金属と美術工芸品の2つのセグメントで事業を展開している。産業資材や金属スクラップのリサイクル・販売を行うほか、電線や半導体のベースプレート製造の原料となるベースメタルを製造している。また、船舶のプロペラ、蛇口、バルブ、各種産業機械部品などに使用される銅合金の地金のリサイクル・製造・販売、美術品、仏像、神具、大型金属構造物などの鋳造・販売も行っている。また、非鉄金属、銅・銅合金加工品の販売、アルミニウム合金地金の製造・販売も行っている。旧社名は黒谷産業株式会社で、2025年1月に株式会社MERFに社名変更した。MERF社は1870年に設立され、射水市に本社を置く。もっと見るMERF Inc. 基礎のまとめMERF の収益と売上を時価総額と比較するとどうか。3168 基礎統計学時価総額JP¥21.22b収益（TTM）JP¥1.66b売上高(TTM)JP¥84.99b13.0xPER（株価収益率0.3xP/Sレシオ3168 は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計3168 損益計算書（TTM）収益JP¥84.99b売上原価JP¥79.73b売上総利益JP¥5.27bその他の費用JP¥3.61b収益JP¥1.66b直近の収益報告Feb 28, 2026次回決算日Jul 13, 2026一株当たり利益（EPS）117.00グロス・マージン6.20%純利益率1.95%有利子負債／自己資本比率124.3%3168 の長期的なパフォーマンスは？過去の実績と比較を見る配当金1.3%現在の配当利回り17%配当性向3168 配当は確実ですか？3168 配当履歴とベンチマークを見る3168 、いつまでに購入すれば配当金を受け取れますか？MERF 配当日配当落ち日Aug 28 2026配当支払日Nov 24 2026配当落ちまでの日数95 days配当支払日までの日数183 days3168 配当は確実ですか？3168 配当履歴とベンチマークを見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/25 08:34終値2026/05/25 00:00収益2026/02/28年間収益2025/08/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋MERF Inc. 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。0
Valuation Update With 7 Day Price Move • May 12Investor sentiment improves as stock rises 15%After last week's 15% share price gain to JP¥1,730, the stock trades at a trailing P/E ratio of 14.8x. Average trailing P/E is 13x in the Metals and Mining industry in Japan. Total returns to shareholders of 215% over the past three years.
Declared Dividend • May 09First half dividend of JP¥10.00 announcedShareholders will receive a dividend of JP¥10.00. Ex-date: 28th August 2026 Payment date: 24th November 2026 Dividend yield will be 1.9%, which is lower than the industry average of 3.4%. Sustainability & Growth Dividend is covered by earnings (17% 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 15% 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 23% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
分析記事 • Apr 20We Think You Should Be Aware Of Some Concerning Factors In MERF's (TSE:3168) EarningsThe stock price didn't jump after MERF Inc. ( TSE:3168 ) posted decent earnings last week. We did some digging and...
Valuation Update With 7 Day Price Move • Apr 20Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to JP¥1,322, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 13x in the Metals and Mining industry in Japan. Total returns to shareholders of 142% over the past three years.
Buy Or Sell Opportunity • Apr 14Now 25% undervaluedOver the last 90 days, the stock has risen 78% to JP¥1,385. The fair value is estimated to be JP¥1,838, however this is not to be taken as a buy 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 35%.
お知らせ • Apr 03MERF Inc. to Report Q2, 2026 Results on Apr 13, 2026MERF Inc. announced that they will report Q2, 2026 results on Apr 13, 2026
Valuation Update With 7 Day Price Move • May 12Investor sentiment improves as stock rises 15%After last week's 15% share price gain to JP¥1,730, the stock trades at a trailing P/E ratio of 14.8x. Average trailing P/E is 13x in the Metals and Mining industry in Japan. Total returns to shareholders of 215% over the past three years.
Declared Dividend • May 09First half dividend of JP¥10.00 announcedShareholders will receive a dividend of JP¥10.00. Ex-date: 28th August 2026 Payment date: 24th November 2026 Dividend yield will be 1.9%, which is lower than the industry average of 3.4%. Sustainability & Growth Dividend is covered by earnings (17% 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 15% 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 23% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
分析記事 • Apr 20We Think You Should Be Aware Of Some Concerning Factors In MERF's (TSE:3168) EarningsThe stock price didn't jump after MERF Inc. ( TSE:3168 ) posted decent earnings last week. We did some digging and...
Valuation Update With 7 Day Price Move • Apr 20Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to JP¥1,322, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 13x in the Metals and Mining industry in Japan. Total returns to shareholders of 142% over the past three years.
Buy Or Sell Opportunity • Apr 14Now 25% undervaluedOver the last 90 days, the stock has risen 78% to JP¥1,385. The fair value is estimated to be JP¥1,838, however this is not to be taken as a buy 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 35%.
お知らせ • Apr 03MERF Inc. to Report Q2, 2026 Results on Apr 13, 2026MERF Inc. announced that they will report Q2, 2026 results on Apr 13, 2026
Buy Or Sell Opportunity • Mar 09Now 21% undervaluedOver the last 90 days, the stock has risen 175% to JP¥1,595. The fair value is estimated to be JP¥2,028, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 19%.
Buy Or Sell Opportunity • Feb 18Now 24% undervaluedOver the last 90 days, the stock has risen 175% to JP¥1,530. The fair value is estimated to be JP¥2,015, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 19%.
分析記事 • Feb 04MERF (TSE:3168) Takes On Some Risk With Its Use Of DebtLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Valuation Update With 7 Day Price Move • Jan 21Investor sentiment improves as stock rises 23%After last week's 23% share price gain to JP¥952, the stock trades at a trailing P/E ratio of 78.6x. Average trailing P/E is 15x in the Metals and Mining industry in Japan. Total returns to shareholders of 72% over the past three years.
New Risk • Jan 15New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.9% 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: Major Risks Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Earnings have declined by 38% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (164% payout ratio). Share price has been volatile over the past 3 months (6.9% average weekly change). Profit margins are more than 30% lower than last year (0.2% net profit margin). Market cap is less than US$100m (JP¥13.1b market cap, or US$82.6m).
Reported Earnings • Jan 15First quarter 2026 earnings released: EPS: JP¥28.79 (vs JP¥2.27 in 1Q 2025)First quarter 2026 results: EPS: JP¥28.79 (up from JP¥2.27 in 1Q 2025). Revenue: JP¥21.1b (down 1.2% from 1Q 2025). Net income: JP¥407.0m (up JP¥375.0m from 1Q 2025). Profit margin: 1.9% (up from 0.1% in 1Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings.
分析記事 • Jan 14MERF Inc.'s (TSE:3168) 28% Share Price Surge Not Quite Adding UpMERF Inc. ( TSE:3168 ) shares have continued their recent momentum with a 28% gain in the last month alone. Looking...
分析記事 • Dec 11MERF (TSE:3168) Is Due To Pay A Dividend Of ¥10.00MERF Inc.'s ( TSE:3168 ) investors are due to receive a payment of ¥10.00 per share on 8th of May. This payment means...
Declared Dividend • Dec 11Final dividend of JP¥10.00 announcedDividend of JP¥10.00 is the same as last year. Ex-date: 26th February 2026 Payment date: 8th May 2026 Dividend yield will be 3.4%, which is about the same as the industry average. Sustainability & Growth The dividend has increased by an average of 15% 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.
お知らせ • Dec 06MERF Inc. to Report Q1, 2026 Results on Jan 14, 2026MERF Inc. announced that they will report Q1, 2026 results on Jan 14, 2026
Reported Earnings • Oct 11Full year 2025 earnings released: JP¥14.37 loss per share (vs JP¥37.69 profit in FY 2024)Full year 2025 results: JP¥14.37 loss per share (down from JP¥37.69 profit in FY 2024). Revenue: JP¥82.4b (flat on FY 2024). Net loss: JP¥203.0m (down 138% from profit in FY 2024). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
お知らせ • Oct 10MERF Inc., Annual General Meeting, Nov 20, 2025MERF Inc., Annual General Meeting, Nov 20, 2025.
Upcoming Dividend • Aug 21Upcoming dividend of JP¥10.00 per shareEligible shareholders must have bought the stock before 28 August 2025. Payment date: 25 November 2025. Trailing yield: 3.5%. Lower than top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (3.5%).
分析記事 • Aug 01MERF (TSE:3168) Has Affirmed Its Dividend Of ¥10.00The board of MERF Inc. ( TSE:3168 ) has announced that it will pay a dividend on the 25th of November, with investors...
お知らせ • Aug 01MERF Inc. to Report Fiscal Year 2025 Results on Oct 10, 2025MERF Inc. announced that they will report fiscal year 2025 results on Oct 10, 2025
分析記事 • Jul 17MERF (TSE:3168) Will Pay A Dividend Of ¥10.00The board of MERF Inc. ( TSE:3168 ) has announced that it will pay a dividend on the 25th of November, with investors...
Reported Earnings • Jul 14Third quarter 2025 earnings released: JP¥14.92 loss per share (vs JP¥41.78 profit in 3Q 2024)Third quarter 2025 results: JP¥14.92 loss per share (down from JP¥41.78 profit in 3Q 2024). Revenue: JP¥18.9b (down 15% from 3Q 2024). Net loss: JP¥211.0m (down 136% from profit in 3Q 2024). 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 2% per year, which means it has not declined as severely as earnings.
分析記事 • May 09MERF (TSE:3168) Has Affirmed Its Dividend Of ¥10.00The board of MERF Inc. ( TSE:3168 ) has announced that it will pay a dividend of ¥10.00 per share on the 25th of...
Declared Dividend • May 09First half dividend of JP¥10.00 announcedDividend of JP¥10.00 is the same as last year. Ex-date: 28th August 2025 Payment date: 25th November 2025 Dividend yield will be 3.8%, which is higher than the industry average of 3.4%. Sustainability & Growth The dividend has increased by an average of 17% per year over the past 9 years and payments have been stable during that time.
お知らせ • May 03MERF Inc. to Report Q3, 2025 Results on Jul 11, 2025MERF Inc. announced that they will report Q3, 2025 results on Jul 11, 2025
New Risk • Apr 21New minor risk - Dividend sustainabilityThe dividend is not well covered by earnings. Payout ratio: 0% Dividend yield: 5.9% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings 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. However, this risk is mitigated by the fact the dividend is covered by cash flows. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Earnings have declined by 8.7% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (0% payout ratio). Market cap is less than US$100m (JP¥7.18b market cap, or US$51.0m).
分析記事 • Apr 18MERF's (TSE:3168) Performance Is Even Better Than Its Earnings SuggestThe subdued stock price reaction suggests that MERF Inc.'s ( TSE:3168 ) strong earnings didn't offer any surprises...
Reported Earnings • Apr 12Second quarter 2025 earnings released: JP¥14.79 loss per share (vs JP¥7.58 loss in 2Q 2024)Second quarter 2025 results: JP¥14.79 loss per share (further deteriorated from JP¥7.58 loss in 2Q 2024). Revenue: JP¥21.7b (up 23% from 2Q 2024). Net loss: JP¥209.0m (loss widened 95% from 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.
お知らせ • Apr 11+ 1 more updateMerf Inc. Announces Dividend for the Second Quarter End of Fiscal Year Ending August 2025, Payable on May 8, 2025MERF Inc. announced dividend for the second quarter end of fiscal year ending August 2025. For the second quarter, the company announced to pay ¥10.00 per share against ¥10.00 per share a year ago. Dividend payable date (as planned) is May 8, 2025.
分析記事 • Apr 08Is MERF (TSE:3168) A Risky Investment?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Upcoming Dividend • Feb 20Upcoming dividend of JP¥10.00 per shareEligible shareholders must have bought the stock before 27 February 2025. Payment date: 08 May 2025. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (4.3%).
分析記事 • Feb 10MERF (TSE:3168) Has Announced A Dividend Of ¥10.00MERF Inc. ( TSE:3168 ) will pay a dividend of ¥10.00 on the 8th of May. Based on this payment, the dividend yield will...
お知らせ • Feb 08MERF Inc. to Report Q2, 2025 Results on Apr 11, 2025MERF Inc. announced that they will report Q2, 2025 results on Apr 11, 2025
Reported Earnings • Jan 15First quarter 2025 earnings released: EPS: JP¥2.27 (vs JP¥8.51 in 1Q 2024)First quarter 2025 results: EPS: JP¥2.27 (down from JP¥8.51 in 1Q 2024). Revenue: JP¥21.4b (up 20% from 1Q 2024). Net income: JP¥32.0m (down 73% from 1Q 2024). Profit margin: 0.1% (down from 0.7% 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 46% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.
分析記事 • Jan 09MERF (TSE:3168) Has Announced A Dividend Of ¥10.00The board of MERF Inc. ( TSE:3168 ) has announced that it will pay a dividend on the 8th of May, with investors...
分析記事 • Dec 19Kurotani (TSE:3168) Has Affirmed Its Dividend Of ¥10.00Kurotani Corporation's ( TSE:3168 ) investors are due to receive a payment of ¥10.00 per share on 8th of May. Based on...
Declared Dividend • Dec 19Final dividend of JP¥10.00 announcedDividend of JP¥10.00 is the same as last year. Ex-date: 27th February 2025 Payment date: 8th May 2025 Dividend yield will be 3.6%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is covered by both earnings (39% earnings payout ratio) and cash flows (52% cash payout ratio). The dividend has increased by an average of 17% per year over the past 9 years and payments have been stable during that time. Earnings per share has grown by 7.2% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
お知らせ • Dec 17Kurotani Corporation to Report Q1, 2025 Results on Jan 16, 2025Kurotani Corporation announced that they will report Q1, 2025 results on Jan 16, 2025
Reported Earnings • Oct 16Full year 2024 earnings released: EPS: JP¥37.69 (vs JP¥12.01 in FY 2023)Full year 2024 results: EPS: JP¥37.69 (up from JP¥12.01 in FY 2023). Revenue: JP¥82.1b (down 3.0% from FY 2023). Net income: JP¥532.0m (up 213% from FY 2023). Profit margin: 0.6% (up from 0.2% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 55% 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.
お知らせ • Oct 11Kurotani Corporation, Annual General Meeting, Nov 21, 2024Kurotani Corporation, Annual General Meeting, Nov 21, 2024.
Upcoming Dividend • Aug 22Upcoming dividend of JP¥10.00 per shareEligible shareholders must have bought the stock before 29 August 2024. Payment date: 25 November 2024. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (4.2%).
お知らせ • Aug 18Kurotani Corporation to Report Fiscal Year 2024 Results on Oct 11, 2024Kurotani Corporation announced that they will report fiscal year 2024 results on Oct 11, 2024
分析記事 • Aug 07Kurotani (TSE:3168) Might Have The Makings Of A Multi-BaggerThere are a few key trends to look for if we want to identify the next multi-bagger. One common approach is to try and...
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 22%After last week's 22% share price decline to JP¥590, the stock trades at a trailing P/E ratio of 11.6x. Average trailing P/E is 9x in the Metals and Mining industry in Japan. Total loss to shareholders of 23% over the past three years.
Reported Earnings • Jul 16Third quarter 2024 earnings released: EPS: JP¥41.78 (vs JP¥6.10 in 3Q 2023)Third quarter 2024 results: EPS: JP¥41.78 (up from JP¥6.10 in 3Q 2023). Revenue: JP¥22.4b (up 12% from 3Q 2023). Net income: JP¥590.0m (up JP¥504.0m from 3Q 2023). Profit margin: 2.6% (up from 0.4% 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 61% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
分析記事 • Jul 12Kurotani (TSE:3168) Has Announced A Dividend Of ¥10.00Kurotani Corporation ( TSE:3168 ) has announced that it will pay a dividend of ¥10.00 per share on the 25th of...
お知らせ • Jul 12Kurotani Corporation Provides Consolidated Earnings Guidance for the Fiscal Year Ending August 31, 2024Kurotani Corporation provided consolidated earnings guidance for the fiscal year ending August 31, 2024. For the year, company expects net sales of JPY 82,128 million, operating profit of JPY 2,271 million, profit attributable to owner of parent of JPY 1,080 million and basic earnings per share of JPY 76.52.
分析記事 • Jun 19Kurotani (TSE:3168) Has Announced A Dividend Of ¥10.00The board of Kurotani Corporation ( TSE:3168 ) has announced that it will pay a dividend of ¥10.00 per share on the...
お知らせ • May 03Kurotani Corporation to Report Q3, 2024 Results on Jul 12, 2024Kurotani Corporation announced that they will report Q3, 2024 results on Jul 12, 2024
分析記事 • Apr 29Kurotani (TSE:3168) Has Affirmed Its Dividend Of ¥10.00The board of Kurotani Corporation ( TSE:3168 ) has announced that it will pay a dividend of ¥10.00 per share on the...
分析記事 • Apr 15Kurotani's (TSE:3168) Dividend Will Be ¥10.00Kurotani Corporation ( TSE:3168 ) has announced that it will pay a dividend of ¥10.00 per share on the 25th of...
Reported Earnings • Apr 14Second quarter 2024 earnings released: JP¥7.58 loss per share (vs JP¥0.85 loss in 2Q 2023)Second quarter 2024 results: JP¥7.58 loss per share (further deteriorated from JP¥0.85 loss in 2Q 2023). Revenue: JP¥17.7b (down 13% from 2Q 2023). Net loss: JP¥107.0m (loss widened JP¥95.0m from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Feb 21Upcoming dividend of JP¥10.00 per shareEligible shareholders must have bought the stock before 28 February 2024. Payment date: 09 May 2024. Payout ratio is on the higher end at 91%, however this is supported by cash flows. Trailing yield: 3.3%. Within top quartile of Japanese dividend payers (3.3%). In line with average of industry peers (3.5%).
お知らせ • Jan 28Kurotani Corporation to Report Q2, 2024 Results on Apr 12, 2024Kurotani Corporation announced that they will report Q2, 2024 results on Apr 12, 2024
Reported Earnings • Jan 16First quarter 2024 earnings released: EPS: JP¥8.51 (vs JP¥1.48 loss in 1Q 2023)First quarter 2024 results: EPS: JP¥8.51 (up from JP¥1.48 loss in 1Q 2023). Revenue: JP¥17.7b (down 16% from 1Q 2023). Net income: JP¥120.0m (up JP¥141.0m from 1Q 2023). Profit margin: 0.7% (up from net loss in 1Q 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 47% 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.
お知らせ • Jan 16Kurotani Corporation Provides Dividend Guidance for the Second Quarter and Fiscal Year Ending August 31, 2024Kurotani Corporation provides dividend guidance for the second quarter and fiscal year ending August 31, 2024. For the quarter, the company expects dividend to be JPY 10 per share.For the year, the company expects dividend to be JPY 10 per share.
お知らせ • Nov 29Kurotani Corporation to Report Q1, 2024 Results on Feb 13, 2024Kurotani Corporation announced that they will report Q1, 2024 results on Feb 13, 2024
Reported Earnings • Oct 16Full year 2023 earnings released: EPS: JP¥12.01 (vs JP¥38.48 in FY 2022)Full year 2023 results: EPS: JP¥12.01 (down from JP¥38.48 in FY 2022). Revenue: JP¥84.6b (down 5.1% from FY 2022). Net income: JP¥170.0m (down 69% from FY 2022). Profit margin: 0.2% (down from 0.6% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.
お知らせ • Oct 15Kurotani Corporation, Annual General Meeting, Nov 22, 2023Kurotani Corporation, Annual General Meeting, Nov 22, 2023.
お知らせ • Oct 14+ 1 more updateKurotani Corporation Provides Consolidated Earnings Guidance for the First Half Ending February 2024 and Full Year Ending August 31, 2024Kurotani Corporation provided consolidated earnings guidance for the first half ending February 2024 and full year ending August 31, 2024. For the first half, the company expected net sales of JPY 32,675 million, operating profit of JPY 252 million, profit attributable to owner of parent of JPY 117 million and basic earnings per share of JPY 8.30.For the year, the company expected net sales of JPY 72,917 million, operating profit of JPY 634 million, profit attributable to owner of parent of JPY 320 million and basic earnings per share of JPY 22.65.
Upcoming Dividend • Aug 23Upcoming dividend of JP¥10.00 per share at 3.2% yieldEligible shareholders must have bought the stock before 30 August 2023. Payment date: 28 November 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.5%). In line with average of industry peers (3.5%).
お知らせ • Aug 03Kurotani Corporation to Report Q4, 2023 Results on Oct 13, 2023Kurotani Corporation announced that they will report Q4, 2023 results on Oct 13, 2023
Reported Earnings • Jul 16Third quarter 2023 earnings released: EPS: JP¥6.10 (vs JP¥31.21 in 3Q 2022)Third quarter 2023 results: EPS: JP¥6.10 (down from JP¥31.21 in 3Q 2022). Revenue: JP¥20.0b (down 20% from 3Q 2022). Net income: JP¥86.0m (down 81% from 3Q 2022). Profit margin: 0.4% (down from 1.8% in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.
お知らせ • Jul 12+ 1 more updateKurotani Corporation Provides Earnings Guidance for the Full Year Ending August 31, 2023Kurotani Corporation provided earnings guidance for the full year ending August 31, 2023. For the year, the company expected net sales of JPY 81,576 million, operating profit of JPY 535 million, profit attributable to owner of parent of JPY 208 million and basic earnings per share of JPY 14.67.
お知らせ • May 19Kurotani Corporation to Report Q3, 2023 Results on Jul 12, 2023Kurotani Corporation announced that they will report Q3, 2023 results on Jul 12, 2023
Reported Earnings • Apr 16Second quarter 2023 earnings released: JP¥0.85 loss per share (vs JP¥12.38 profit in 2Q 2022)Second quarter 2023 results: JP¥0.85 loss per share (down from JP¥12.38 profit in 2Q 2022). Revenue: JP¥20.3b (up 1.2% from 2Q 2022). Net loss: JP¥12.0m (down 107% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 20% 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 • Feb 20Upcoming dividend of JP¥10.00 per share at 3.3% yieldEligible shareholders must have bought the stock before 27 February 2023. Payment date: 09 May 2023. Payout ratio is on the higher end at 81% but the company is not cash flow positive. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (4.5%).
お知らせ • Jan 29Kurotani Corporation to Report Q2, 2023 Results on Apr 14, 2023Kurotani Corporation announced that they will report Q2, 2023 results on Apr 14, 2023
Reported Earnings • Jan 13First quarter 2023 earnings released: JP¥1.48 loss per share (vs JP¥12.19 profit in 1Q 2022)First quarter 2023 results: JP¥1.48 loss per share (down from JP¥12.19 profit in 1Q 2022). Revenue: JP¥21.2b (up 4.7% from 1Q 2022). Net loss: JP¥21.0m (down 112% from profit in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
お知らせ • Jan 13Kurotani Corporation (TSE:3168) announces an Equity Buyback for 140,000 shares, for ¥85.4 million.Kurotani Corporation (TSE:3168) announces a share repurchase program. Under the program, the company will repurchase up to 140,000 shares, representing 0.98% of its issued share capital (excluding treasury stock), for a total purchase price of ¥85.4 million. The shares will be repurchased at a price of ¥610 per share. The purpose of the program is to implement a flexible capital policy that responds to changes in the business environment. As of August 31, 2022, the company has 14,337,200 issued shares (excluding treasury stock) and 112,166 treasury shares.
お知らせ • Jan 12+ 1 more updateKurotani Corporation Provides Consolidated Earnings Guidance for the First Half Ending February 2023 and Full Year Ending August 31, 2023Kurotani Corporation provided consolidated earnings guidance for the first half ending February 2023 and full year ending August 31, 2023. For the first half, the company expected net sales of JPY 39,748 million, operating profit of JPY 481 million, profit attributable to owner of parent of JPY 305 million and basic earnings per share of JPY 21.49.For the year, the company expected net sales of JPY 83,158 million, operating profit of JPY 1,124 million, profit attributable to owner of parent of JPY 720 million and basic earnings per share of JPY 50.68.
お知らせ • Nov 27Kurotani Corporation to Report Q1, 2023 Results on Jan 12, 2023Kurotani Corporation announced that they will report Q1, 2023 results on Jan 12, 2023
Board Change • Nov 16No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 6 highly experienced directors. No independent directors (7 non-independent directors). External Director Kenichi Mizuno was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
Reported Earnings • Oct 17Full year 2022 earnings released: EPS: JP¥38.48 (vs JP¥95.36 in FY 2021)Full year 2022 results: EPS: JP¥38.48 (down from JP¥95.36 in FY 2021). Revenue: JP¥89.1b (up 44% from FY 2021). Net income: JP¥547.0m (down 60% from FY 2021). Profit margin: 0.6% (down from 2.2% 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 72% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
お知らせ • Oct 16Kurotani Corporation, Annual General Meeting, Nov 25, 2022Kurotani Corporation, Annual General Meeting, Nov 25, 2022.
お知らせ • Oct 15Kurotani Provides Dividend Guidance for the Second Quarter and Year Ending August 2023Kurotani Corporation expects a dividend of ¥10.00 per share for the year ending August 2023.For the second quarter of year ending August 2023, the company expects dividend of ¥10.00 per share.
お知らせ • Oct 14Kurotani Corporation Provides Consolidated Earnings Guidance for the First Half Ending February 2023 and Full Year Ending August 31, 2023Kurotani Corporation provided consolidated earnings guidance for the first half ending February 2023 and full year ending August 31, 2023. For the second quarter, the company expects net sales of JPY 39,748 million, operating profit of JPY 481 million, profit attributable to owner of parent of JPY 305 million and basic earnings per share of JPY 21.49.For the year, the company expects net sales of JPY 83,158 million, operating profit of JPY 1,124 million, profit attributable to owner of parent of JPY 720 million and basic earnings per share of JPY 50.68.
Upcoming Dividend • Aug 23Upcoming dividend of JP¥10.00 per shareEligible shareholders must have bought the stock before 30 August 2022. Payment date: 28 November 2022. Payout ratio is a comfortable 20% but the company is not cash flow positive. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (5.5%).
お知らせ • Aug 22Kurotani Corporation to Report Fiscal Year 2022 Results on Oct 14, 2022Kurotani Corporation announced that they will report fiscal year 2022 results on Oct 14, 2022
Reported Earnings • Jul 13Third quarter 2022 earnings released: EPS: JP¥31.21 (vs JP¥33.46 in 3Q 2021)Third quarter 2022 results: EPS: JP¥31.21 (down from JP¥33.46 in 3Q 2021). Revenue: JP¥25.2b (up 57% from 3Q 2021). Net income: JP¥444.0m (down 6.5% from 3Q 2021). Profit margin: 1.8% (down from 3.0% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
お知らせ • Jul 12Kurotani Corporation Provides Dividend Guidance for the Year Ending August 2022Kurotani Corporation expects a dividend of ¥10.00 per share for the year ending August 2022.
お知らせ • May 20Kurotani Corporation to Report Q3, 2022 Results on Jul 11, 2022Kurotani Corporation announced that they will report Q3, 2022 results on Jul 11, 2022
Board Change • Apr 27No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 6 highly experienced directors. No independent directors (7 non-independent directors). External Director Kenichi Mizuno was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
Valuation Update With 7 Day Price Move • Apr 18Investor sentiment deteriorated over the past weekAfter last week's 19% share price decline to JP¥614, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 8x in the Metals and Mining industry in Japan. Total returns to shareholders of 44% over the past three years.
Reported Earnings • Apr 12Second quarter 2022 earnings released: EPS: JP¥12.38 (vs JP¥19.10 in 2Q 2021)Second quarter 2022 results: EPS: JP¥12.38 (down from JP¥19.10 in 2Q 2021). Revenue: JP¥20.1b (up 44% from 2Q 2021). Net income: JP¥176.0m (down 35% from 2Q 2021). Profit margin: 0.9% (down from 1.9% 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 107% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.
お知らせ • Apr 12+ 1 more updateKurotani Corporation Provides Consolidated Earnings Guidance for the Full Year Ending August 2022Kurotani Corporation provided consolidated earnings guidance for the full year ending August 2022. For the period, the company expected net sales of JPY 79,315 million, operating profit of JPY 1,266 million, profit attributable to owners of parent of JPY 638 million and basic earnings per share of JPY 44.85.
Upcoming Dividend • Feb 18Upcoming dividend of JP¥10.00 per shareEligible shareholders must have bought the stock before 25 February 2022. Payment date: 09 May 2022. Payout ratio is a comfortable 16% but the company is not cash flow positive. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (5.0%).
お知らせ • Feb 11Kurotani Corporation to Report Q2, 2022 Results on Apr 11, 2022Kurotani Corporation announced that they will report Q2, 2022 results on Apr 11, 2022
Reported Earnings • Jan 16First quarter 2022 earnings: Revenues and EPS in line with analyst expectationsFirst quarter 2022 results: EPS: JP¥12.19 (up from JP¥11.78 in 1Q 2021). Revenue: JP¥20.2b (up 55% from 1Q 2021). Net income: JP¥173.0m (up 3.6% from 1Q 2021). Profit margin: 0.9% (down from 1.3% in 1Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 114% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Oct 18Investor sentiment improved over the past weekAfter last week's 26% share price gain to JP¥812, the stock trades at a trailing P/E ratio of 8.5x. Average trailing P/E is 10x in the Metals and Mining industry in Japan. Total returns to shareholders of 66% over the past three years.
Reported Earnings • Oct 12Full year 2021 earnings released: EPS JP¥95.36 (vs JP¥26.69 in FY 2020)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥62.1b (up 45% from FY 2020). Net income: JP¥1.35b (up 258% from FY 2020). Profit margin: 2.2% (up from 0.9% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Aug 23Upcoming dividend of JP¥7.50 per shareEligible shareholders must have bought the stock before 30 August 2021. Payment date: 27 November 2021. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.1%). Lower than average of industry peers (2.7%).
