Major Estimate Revision • Aug 11
Consensus EPS estimates increase by 10% The consensus outlook for earnings per share (EPS) in fiscal year 2027 has improved. 2027 revenue forecast increased from JP¥278.3b to JP¥295.0b. EPS estimate increased from JP¥297 to JP¥327 per share. Net income forecast to grow 10% next year vs 4.3% growth forecast for Chemicals industry in Japan. Consensus price target up from JP¥4,050 to JP¥4,283. Share price rose 7.7% to JP¥4,206 over the past week. Reported Earnings • Aug 05
First quarter 2027 earnings released: EPS: JP¥74.71 (vs JP¥71.52 in 1Q 2026) First quarter 2027 results: EPS: JP¥74.71 (up from JP¥71.52 in 1Q 2026). Revenue: JP¥71.4b (up 19% from 1Q 2026). Net income: JP¥4.73b (up 5.7% from 1Q 2026). Profit margin: 6.6% (down from 7.5% in 1Q 2026). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Declared Dividend • Jul 25
Final dividend of JP¥68.00 announced Shareholders will receive a dividend of JP¥68.00. Ex-date: 29th September 2026 Payment date: 2nd December 2026 Dividend yield will be 3.9%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by earnings (47% earnings payout ratio) but not covered by cash flows (dividend approximately 26x free cash flows). The dividend has increased by an average of 12% 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. EPS is expected to grow by 15% over the next 3 years, which should provide support to the dividend and adequate earnings cover. お知らせ • Jun 25
Aica Kogyo Company, Limited to Report Q1, 2027 Results on Aug 07, 2026 Aica Kogyo Company, Limited announced that they will report Q1, 2027 results on Aug 07, 2026 お知らせ • Jun 19
Aica Kogyo Company, Limited (TSE:4206) completed the acquisition of 12.87732% stake in Stylam Industries Limited (BSE:526951) from Saru Gupta, Nidhi Gupta and Jagdish Gupta. Aica Kogyo Company, Limited (TSE:4206) agreed to acquire 12.87732% stake in Stylam Industries Limited (BSE:526951) from Saru Gupta, Nidhi Gupta and Jagdish Gupta for INR 4.9 billion on December 26, 2025. Simultaneously with the acquisition of the Tranche 1A Sale Shares on Tranche 1A Closing Date, the Acquirer will acquire 100 Equity Shares of the Target Company from Jagdish Gupta this phase will be known as the first closing of SPA 2. There are no statutory or governmental approvals required for the consummation of the Transaction.
In a related transaction Aica Kogyo Company, Limited (TSE:4206) agreed to acquire 27.12% stake in Stylam Industries Limited from Pushpa Gupta, Dipti Gupta and Manav Gupta. As of May 19, 2026, the Second Closing under SPA 2 is yet to be consummated and it will be consummated within the timeline provided in SPA2.
Akshay Chudasama, Aman Singh Sethi, Kriti Kaushik, Pooja Ramchandani, Atika Vaz, Shreya Jain, Mukul Baveja, Ashoo Gupta, Yogesh Chande, Kaustubh Verma and Jamshed Bhumgara of Shardul Amarchand Mangaldas & Co acted as legal advisor to Aica Kogyo Company, Limited. Whereas Vaishnavi Salimath, Trisha Shetty, Jayantika Khanna and Abhishek Dadoo of Khaitan & Co. acted as legal advisor to Stylam Industries Limited.
Aica Kogyo Company, Limited (TSE:4206) completed the acquisition of 12.87732% stake in Stylam Industries Limited (BSE:526951) from Saru Gupta, Nidhi Gupta and Jagdish Gupta on June 17, 2026. ライブニュース • Jun 18
Aica Kogyo Stock Gains Control of Stylam With 40% Stake Acquisition in India Aica Kogyo has acquired a 40% stake in India’s Stylam Industries, giving it control of the board and turning Stylam into a consolidated subsidiary.
The move is intended to strengthen Aica Kogyo’s position in India’s building materials market.
Aica Kogyo aims to benefit from Stylam’s business in high-pressure laminates and related building materials to expand its global portfolio.
This acquisition indicates that Aica Kogyo is placing greater strategic emphasis on India as a key market within its building materials operations.
Investors may want to monitor how the integration of Stylam’s operations influences Aica Kogyo’s margins, geographic revenue mix and exposure to currency and regulatory risks in India. New Risk • May 08
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Dividend per share is over 25x cash flows per share. Dividend yield: 4.1% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Reported Earnings • May 06
Full year 2026 earnings: EPS in line with expectations, revenues disappoint Full year 2026 results: EPS: JP¥296 (up from JP¥266 in FY 2025). Revenue: JP¥251.8b (up 1.2% from FY 2025). Net income: JP¥18.5b (up 9.7% from FY 2025). Profit margin: 7.4% (up from 6.8% in FY 2025). Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 7.9% p.a. on average during the next 2 years, compared to a 4.7% growth forecast for the Chemicals industry in Japan. 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 5% per year, which means it is significantly lagging earnings growth. お知らせ • May 02
Aica Kogyo Company, Limited, Annual General Meeting, Jun 23, 2026 Aica Kogyo Company, Limited, Annual General Meeting, Jun 23, 2026. お知らせ • Apr 22
Aica Kogyo Company, Limited to Report Fiscal Year 2026 Results on May 01, 2026 Aica Kogyo Company, Limited announced that they will report fiscal year 2026 results on May 01, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥72.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 25 June 2026. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.3%). お知らせ • Mar 23
Aica Kogyo Company, Limited(TSE:4206) dropped from FTSE All-World Index (USD) Aica Kogyo Company, Limited(TSE:4206) dropped from FTSE All-World Index (USD) お知らせ • Feb 18
Aica Kogyo Company, Limited (TSE:4206) completed the acquisition of 27.12268% stake in Stylam Industries Limited (BSE:526951) from Pushpa Gupta, Dipti Gupta and Manav Gupta. Aica Kogyo Company, Limited (TSE:4206) agreed to acquire 27.12268% stake in Stylam Industries Limited (BSE:526951) from Pushpa Gupta, Dipti Gupta and Manav Gupta for INR 10.3 billion on December 26, 2025. In related transactions, will acquire 26% stake via open offer and 12.88% from Nidhi Gupta, Saru Gupta and Jagdish Gupta. A cash consideration valued at INR 2250 per share will be paid by Aica Kogyo Company, Limited. As of February 13, 2026, Aica Kogyo acquired the trance 1 of 16,94,906 of 10%.
Akshay Chudasama, Aman Singh Sethi, Kriti Kaushik, Pooja Ramchandani, Atika Vaz, Shreya Jain, Mukul Baveja, Ashoo Gupta, Yogesh Chande, Kaustubh Verma and Jamshed Bhumgara of Shardul Amarchand Mangaldas & Co acted as legal advisor to Aica Kogyo Company, Limited. Whereas Vaishnavi Salimath, Trisha Shetty, Jayantika Khanna and Abhishek Dadoo of Khaitan & Co. acted as legal advisor to Stylam Industries Limited.
Aica Kogyo Company, Limited (TSE:4206) completed the acquisition of 27.12268% stake in Stylam Industries Limited (BSE:526951) from Pushpa Gupta, Dipti Gupta and Manav Gupta on February 17, 2026. Reported Earnings • Feb 05
Third quarter 2026 earnings released: EPS: JP¥95.31 (vs JP¥87.00 in 3Q 2025) Third quarter 2026 results: EPS: JP¥95.31 (up from JP¥87.00 in 3Q 2025). Revenue: JP¥64.9b (flat on 3Q 2025). Net income: JP¥5.97b (up 8.8% from 3Q 2025). Profit margin: 9.2% (up from 8.5% in 3Q 2025). Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Chemicals industry in Japan. 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 7% per year, which means it is significantly lagging earnings growth. お知らせ • Dec 26
Aica Kogyo Company, Limited (TSE:4206) made an open Offer to acquire 26% stake in Stylam Industries Limited (BSE:526951) from public shareholders for INR 9.9 billion. Aica Kogyo Company, Limited (TSE:4206) made an open Offer to acquire 26% stake in Stylam Industries Limited (BSE:526951) from public shareholders for INR 9.9 billion on December 26, 2025. A cash consideration valued at INR 2250 per share will be paid by Aica Kogyo Company, Limited. In related transaction Aica Kogyo also entered into two share purchase agreements to acquire Equity Shares of the Target Company. Funds for the share acquisitions will be provided from cash on hand and/or bank borrowings. Open Offer is not subject to any minimum level of acceptance. Commencement of Open Offer Period is planned for late February through early March, 2026 which is subject to change or extension depending on the approval of the Competition Commission of India.
ICICI Securities Limited acted as Manager to the Open Offer on behalf of the Acquirer. Declared Dividend • Dec 03
First half dividend of JP¥70.00 announced Shareholders will receive a dividend of JP¥70.00. Ex-date: 30th March 2026 Payment date: 25th June 2026 Dividend yield will be 4.0%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by both earnings (25% earnings payout ratio) and cash flows (52% cash payout ratio). The dividend has increased by an average of 13% 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. EPS is expected to grow by 20% over the next 3 years, which should provide support to the dividend and adequate earnings cover. お知らせ • Nov 29
Aica Kogyo Company, Limited to Report Q3, 2026 Results on Feb 03, 2026 Aica Kogyo Company, Limited announced that they will report Q3, 2026 results on Feb 03, 2026 Reported Earnings • Nov 07
Second quarter 2026 earnings released: EPS: JP¥79.79 (vs JP¥73.80 in 2Q 2025) Second quarter 2026 results: EPS: JP¥79.79 (up from JP¥73.80 in 2Q 2025). Revenue: JP¥61.6b (down 2.7% from 2Q 2025). Net income: JP¥4.95b (up 4.9% from 2Q 2025). Profit margin: 8.0% (up from 7.5% in 2Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. お知らせ • Sep 27
Aica Kogyo Company, Limited to Report Q2, 2026 Results on Nov 05, 2025 Aica Kogyo Company, Limited announced that they will report Q2, 2026 results on Nov 05, 2025 Reported Earnings • Aug 05
First quarter 2026 earnings released: EPS: JP¥71.52 (vs JP¥64.62 in 1Q 2025) First quarter 2026 results: EPS: JP¥71.52 (up from JP¥64.62 in 1Q 2025). Revenue: JP¥59.8b (up 5.1% from 1Q 2025). Net income: JP¥4.47b (up 8.2% from 1Q 2025). Profit margin: 7.5% (up from 7.3% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Declared Dividend • Jul 09
Final dividend of JP¥66.00 announced Shareholders will receive a dividend of JP¥66.00. Ex-date: 29th September 2025 Payment date: 3rd December 2025 Dividend yield will be 3.8%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is well covered by both earnings (44% earnings payout ratio) and cash flows (48% cash payout ratio). The dividend has increased by an average of 13% 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. EPS is expected to grow by 24% over the next 3 years, which should provide support to the dividend and adequate earnings cover. お知らせ • Jun 27
Aica Kogyo Company, Limited to Report Q1, 2026 Results on Aug 04, 2025 Aica Kogyo Company, Limited announced that they will report Q1, 2026 results on Aug 04, 2025 Reported Earnings • Jun 27
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: JP¥266 (up from JP¥237 in FY 2024). Revenue: JP¥248.7b (up 5.1% from FY 2024). Net income: JP¥16.9b (up 12% from FY 2024). Profit margin: 6.8% (up from 6.4% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.8%. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 8% per year. Reported Earnings • May 02
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: JP¥266 (up from JP¥237 in FY 2024). Revenue: JP¥248.7b (up 5.1% from FY 2024). Net income: JP¥16.9b (up 12% from FY 2024). Profit margin: 6.8% (up from 6.4% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.8%. Revenue is forecast to grow 5.8% p.a. on average during the next 2 years, compared to a 4.7% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. お知らせ • Mar 27
Aica Kogyo Company, Limited to Report Fiscal Year 2025 Results on May 01, 2025 Aica Kogyo Company, Limited announced that they will report fiscal year 2025 results on May 01, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥66.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 26 June 2025. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.6%). Reported Earnings • Feb 01
Third quarter 2025 earnings released: EPS: JP¥87.00 (vs JP¥76.15 in 3Q 2024) Third quarter 2025 results: EPS: JP¥87.00 (up from JP¥76.15 in 3Q 2024). Revenue: JP¥64.6b (up 5.0% from 3Q 2024). Net income: JP¥5.48b (up 13% from 3Q 2024). Profit margin: 8.5% (up from 7.9% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. お知らせ • Jan 03
Aica Kogyo Company, Limited to Report Q3, 2025 Results on Jan 31, 2025 Aica Kogyo Company, Limited announced that they will report Q3, 2025 results on Jan 31, 2025 Declared Dividend • Dec 04
First half dividend of JP¥60.00 announced Shareholders will receive a dividend of JP¥60.00. Ex-date: 28th March 2025 Payment date: 26th June 2025 Dividend yield will be 3.6%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by both earnings (45% earnings payout ratio) and cash flows (52% cash payout ratio). The dividend has increased by an average of 12% 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. EPS is expected to grow by 20% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 01
Second quarter 2025 earnings released: EPS: JP¥73.80 (vs JP¥66.48 in 2Q 2024) Second quarter 2025 results: EPS: JP¥73.80 (up from JP¥66.48 in 2Q 2024). Revenue: JP¥63.3b (up 7.6% from 2Q 2024). Net income: JP¥4.72b (up 11% from 2Q 2024). Profit margin: 7.5% (up from 7.2% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. お知らせ • Oct 31
Aica Kogyo Company, Limited Announces Dividend for the Second Quarter End of Fiscal Year Ending March 31, 2025, Payable on December 3, 2024 Aica Kogyo Company, Limited announced dividend for the second quarter end of fiscal year ending March 31, 2025. For the period, the announced dividend of JPY 56.00 per share against JPY 52.00 per share. Scheduled date to commence dividend payments: December 3, 2024. お知らせ • Sep 27
Aica Kogyo Company, Limited to Report Q2, 2025 Results on Oct 30, 2024 Aica Kogyo Company, Limited announced that they will report Q2, 2025 results on Oct 30, 2024 Upcoming Dividend • Sep 20
Upcoming dividend of JP¥53.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 04 December 2024. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.4%). Reported Earnings • Aug 01
First quarter 2025 earnings released: EPS: JP¥64.62 (vs JP¥49.04 in 1Q 2024) First quarter 2025 results: EPS: JP¥64.62 (up from JP¥49.04 in 1Q 2024). Revenue: JP¥56.8b (up 4.3% from 1Q 2024). Net income: JP¥4.13b (up 32% from 1Q 2024). Profit margin: 7.3% (up from 5.8% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Declared Dividend • Jul 11
Final dividend of JP¥53.00 announced Shareholders will receive a dividend of JP¥53.00. Ex-date: 27th September 2024 Payment date: 4th December 2024 Dividend yield will be 3.2%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by both earnings (56% earnings payout ratio) and cash flows (37% cash payout ratio). The dividend has increased by an average of 12% 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. EPS is expected to grow by 26% over the next 3 years, which should provide support to the dividend and adequate earnings cover. お知らせ • Jun 28
Aica Kogyo Company, Limited to Report Q1, 2025 Results on Jul 30, 2024 Aica Kogyo Company, Limited announced that they will report Q1, 2025 results on Jul 30, 2024 Price Target Changed • May 02
Price target increased by 7.4% to JP¥4,193 Up from JP¥3,903, the current price target is an average from 3 analysts. New target price is 21% above last closing price of JP¥3,460. Stock is up 14% over the past year. The company is forecast to post earnings per share of JP¥251 for next year compared to JP¥237 last year. お知らせ • May 02
Aica Kogyo Company, Limited, Annual General Meeting, Jun 25, 2024 Aica Kogyo Company, Limited, Annual General Meeting, Jun 25, 2024. Buy Or Sell Opportunity • May 01
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.7% to JP¥3,450. The fair value is estimated to be JP¥4,321, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.9% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 10% in 2 years. Earnings are forecast to grow by 16% in the next 2 years. お知らせ • Mar 29
Aica Kogyo Company, Limited to Report Fiscal Year 2024 Results on Apr 30, 2024 Aica Kogyo Company, Limited announced that they will report fiscal year 2024 results on Apr 30, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥59.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 26 June 2024. Payout ratio is a comfortable 56% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (2.1%). Reported Earnings • Feb 02
Third quarter 2024 earnings released: EPS: JP¥76.14 (vs JP¥51.37 in 3Q 2023) Third quarter 2024 results: EPS: JP¥76.14 (up from JP¥51.37 in 3Q 2023). Revenue: JP¥61.6b (down 2.4% from 3Q 2023). Net income: JP¥4.87b (up 48% from 3Q 2023). Profit margin: 7.9% (up from 5.2% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has fallen by 3% per year. Buy Or Sell Opportunity • Feb 01
Now 22% overvalued The stock has been flat over the last 90 days, currently trading at JP¥3,508. The fair value is estimated to be JP¥2,873, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 2.8%. Revenue is forecast to grow by 7.3% in 2 years. Earnings are forecast to grow by 51% in the next 2 years. お知らせ • Dec 28
Aica Kogyo Company, Limited to Report Q3, 2024 Results on Jan 31, 2024 Aica Kogyo Company, Limited announced that they will report Q3, 2024 results on Jan 31, 2024 お知らせ • Nov 01
Aica Kogyo Company, Limited Declares Dividend for the Second Quarter-End of Fiscal Year Ending March 31, 2024, Payable on December 4, 2023 Aica Kogyo Company, Limited declared dividend for the second quarter-end of fiscal year ending March 31, 2024. For the period, the company declared a dividend of JPY 52.00 per share against JPY 50.00 per share paid a year ago. Scheduled date to commence dividend payments: December 4, 2023. Reported Earnings • Nov 01
Second quarter 2024 earnings released: EPS: JP¥66.48 (vs JP¥55.91 in 2Q 2023) Second quarter 2024 results: EPS: JP¥66.48 (up from JP¥55.91 in 2Q 2023). Revenue: JP¥58.8b (down 5.3% from 2Q 2023). Net income: JP¥4.25b (up 19% from 2Q 2023). Profit margin: 7.2% (up from 5.8% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has fallen by 1% per year. お知らせ • Sep 30
Aica Kogyo Company, Limited to Report Q2, 2024 Results on Oct 30, 2023 Aica Kogyo Company, Limited announced that they will report Q2, 2024 results on Oct 30, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of JP¥51.00 per share at 3.2% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 04 December 2023. Payout ratio is a comfortable 67% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (2.5%). お知らせ • Sep 08
Aica Kogyo Company, Limited (TSE:4206) signed an agreement to acquire Kuen Bong Technology (Thailand) Co.,Ltd. from Honour Rich International Corporation, Kuen Bong Chemical Industry Corporation and other minority shareholders. Aica Kogyo Company, Limited (TSE:4206) signed an agreement to acquire Kuen Bong Technology (Thailand) Co.,Ltd. from Honour Rich International Corporation, Kuen Bong Chemical Industry Corporation and other minority shareholders on September 7, 2023. Aica Kogyo Company will acquire 21 million shares in Kuen Bong Technology (Thailand). Kuen Bong Technology (Thailand) has reported net assets of THB 109 million, total assets of THB 261.9 million and Sales of THB 30.2 million in 2022. The transaction is expected to complete on October 31, 2023. Reported Earnings • Jul 28
First quarter 2024 earnings released: EPS: JP¥49.04 (vs JP¥44.72 in 1Q 2023) First quarter 2024 results: EPS: JP¥49.04 (up from JP¥44.72 in 1Q 2023). Revenue: JP¥54.5b (down 2.0% from 1Q 2023). Net income: JP¥3.14b (up 9.7% from 1Q 2023). Profit margin: 5.8% (up from 5.1% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has fallen by 1% per year. お知らせ • Jun 29
Aica Kogyo Company, Limited to Report Q1, 2024 Results on Jul 27, 2023 Aica Kogyo Company, Limited announced that they will report Q1, 2024 results on Jul 27, 2023 Reported Earnings • Apr 29
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: JP¥157 (down from JP¥201 in FY 2022). Revenue: JP¥242.1b (up 13% from FY 2022). Net income: JP¥10.1b (down 23% from FY 2022). Profit margin: 4.2% (down from 6.1% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 26%. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 1% per year. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥59.00 per share at 3.6% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 27 June 2023. Payout ratio is a comfortable 28% but the company is paying out more than the cash it is generating. Trailing yield: 3.6%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.8%). Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: JP¥51.37 (vs JP¥49.89 in 3Q 2022) Third quarter 2023 results: EPS: JP¥51.37 (up from JP¥49.89 in 3Q 2022). Revenue: JP¥63.1b (up 17% from 3Q 2022). Net income: JP¥3.29b (flat on 3Q 2022). Profit margin: 5.2% (down from 6.0% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. お知らせ • Dec 04
Aica Kogyo Company, Limited to Report Q3, 2023 Results on Jan 31, 2023 Aica Kogyo Company, Limited announced that they will report Q3, 2023 results on Jan 31, 2023 Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Outside Director Kenji Ogura was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 30
Second quarter 2023 earnings released: EPS: JP¥55.91 (vs JP¥55.38 in 2Q 2022) Second quarter 2023 results: EPS: JP¥55.91. Revenue: JP¥62.1b (up 17% from 2Q 2022). Net income: JP¥3.58b (down 1.1% from 2Q 2022). Profit margin: 5.8% (down from 6.8% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Chemicals industry in Japan. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥50.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 02 December 2022. Payout ratio is a comfortable 53% but the company is paying out more than the cash it is generating. Trailing yield: 3.5%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.9%).