View Financial HealthDexerials 配当と自社株買い配当金 基準チェック /26Dexerialsは配当を支払う会社で、現在の利回りは1.31%ですが、利益によって十分にカバーされています。次の支払い日は 24th June, 2026で、権利落ち日は30th March, 2026 。主要情報1.3%配当利回り0.7%バイバック利回り総株主利回り2.0%将来の配当利回り2.0%配当成長16.4%次回配当支払日24 Jun 26配当落ち日30 Mar 26一株当たり配当金n/a配当性向35%最近の配当と自社株買いの更新Upcoming Dividend • Mar 23Upcoming dividend of JP¥29.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 25 June 2026. Payout ratio is a comfortable 40% but the company is paying out more than the cash it is generating. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%).Declared Dividend • Dec 19First half dividend of JP¥29.00 announcedShareholders will receive a dividend of JP¥29.00. Ex-date: 30th March 2026 Payment date: 25th June 2026 Dividend yield will be 2.1%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (41% earnings payout ratio) but not covered by cash flows (227% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 48% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Nov 12+ 1 more updateDexerials Corporation Announces Cash Dividend for the Second Quarter Ended September 30, 2025, Payable on December 18, 2025Dexerials Corporation announced cash dividend of JPY 29.00 per share for the second quarter ended September 30, 2025 as compared to dividend of JPY 78.00 per share a year ago. Effective October 1, 2024, the Company conducted a 3-for-1 split of common shares. Scheduled date to commence dividend payments: December 18, 2025.Upcoming Dividend • Sep 22Upcoming dividend of JP¥29.00 per shareEligible shareholders must have bought the stock before 29 September 2025. Payment date: 18 December 2025. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%).Declared Dividend • Jul 09Final dividend of JP¥29.00 announcedShareholders will receive a dividend of JP¥29.00. Ex-date: 29th September 2025 Payment date: 18th December 2025 Dividend yield will be 3.0%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (31% earnings payout ratio) and cash flows (39% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. 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 • May 14+ 2 more updatesDexerials Corporation Announces Dividend for the Fiscal Year Ended March 31, 2025, Payable on June 25, 2025Dexerials Corporation announced dividend for the fiscal year ended March 31, 2025. For the year, the company announced dividend of JPY 32.00 per share against JPY 65.00 per share a year ago. Scheduled date to commence dividend payments is June 25, 2025.すべての更新を表示Recent updatesBuy Or Sell Opportunity • Jun 22Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 125% to JP¥4,931. The fair value is estimated to be JP¥4,103, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.7% over the last 3 years. Earnings per share has grown by 15%. For the next 3 years, revenue is forecast to grow by 10% per annum. Earnings are also forecast to grow by 14% per annum over the same time period.Valuation Update With 7 Day Price Move • Jun 10Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to JP¥3,686, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 17x in the Electronic industry in Japan. Total returns to shareholders of 283% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥4,115 per share.Price Target Changed • Jun 09Price target increased by 9.5% to JP¥3,190Up from JP¥2,913, the current price target is an average from 5 analysts. New target price is 19% below last closing price of JP¥3,920. Stock is up 87% over the past year. The company is forecast to post earnings per share of JP¥171 for next year compared to JP¥166 last year.お知らせ • Jun 03Dexerials Corporation to Report Q1, 2027 Results on Aug 04, 2026Dexerials Corporation announced that they will report Q1, 2027 results at 9:00 AM, Tokyo Standard Time on Aug 04, 2026分析記事 • May 21Dexerials' (TSE:4980) Shareholders May Want To Dig Deeper Than Statutory ProfitDexerials Corporation ( TSE:4980 ) just released a solid earnings report, and the stock displayed some strength. While...Valuation Update With 7 Day Price Move • May 20Investor sentiment improves as stock rises 43%After last week's 43% share price gain to JP¥3,799, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 18x in the Electronic industry in Japan. Total returns to shareholders of 323% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,780 per share.ライブニュース • May 18Dexerials Shares Jump 45% After Earnings Growth Signals Improved Profit OutlookDexerials Corporation surged 45.3% in after-hours trading following a report of strong earnings growth. Net income was reported to be 22.9% higher, while EPS was 31.8% higher. The company is described as having a conservative balance sheet and solid fundamentals, with the next earnings announcement scheduled for 4 August 2026 as a key date. The sharp move in the stock alongside stronger earnings metrics suggests that the latest results significantly shifted market expectations around the company’s profitability and financial strength. You may want to pay close attention to any updates leading into the 4 August 2026 earnings date, since fresh guidance, order trends or margin details could either reinforce or challenge the market’s current optimism.分析記事 • May 17The Dexerials Corporation (TSE:4980) Annual Results Are Out And Analysts Have Published New ForecastsThe investors in Dexerials Corporation 's ( TSE:4980 ) will be rubbing their hands together with glee today, after the...Buy Or Sell Opportunity • May 15Now 40% overvalued after recent price riseOver the last 90 days, the stock has risen 72% to JP¥3,849. The fair value is estimated to be JP¥2,751, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.7% over the last 3 years. Earnings per share has grown by 15%. For the next 3 years, revenue is forecast to grow by 8.8% per annum. Earnings are also forecast to grow by 11% per annum over the same time period.お知らせ • May 14Dexerials Corporation, Annual General Meeting, Jun 23, 2026Dexerials Corporation, Annual General Meeting, Jun 23, 2026.Reported Earnings • May 14Full year 2026 earnings: EPS exceeds analyst expectationsFull year 2026 results: EPS: JP¥166 (up from JP¥162 in FY 2025). Revenue: JP¥113.8b (up 3.1% from FY 2025). Net income: JP¥28.0b (up 1.0% from FY 2025). Profit margin: 25% (in line with FY 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.3%. Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Electronic 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 increased by 50% per year, which means it is tracking significantly ahead of earnings growth.Buy Or Sell Opportunity • Apr 09Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 14% to JP¥2,331. The fair value is estimated to be JP¥2,946, 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 13%. For the next 3 years, revenue is forecast to grow by 8.9% per annum. Earnings are also forecast to grow by 12% per annum over the same time period.Price Target Changed • Apr 01Price target increased by 8.0% to JP¥3,088Up from JP¥2,860, the current price target is an average from 4 analysts. New target price is 39% above last closing price of JP¥2,221. Stock is up 23% over the past year. The company posted earnings per share of JP¥162 last year.Upcoming Dividend • Mar 23Upcoming dividend of JP¥29.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 25 June 2026. Payout ratio is a comfortable 40% but the company is paying out more than the cash it is generating. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%).Buy Or Sell Opportunity • Mar 19Now 23% undervalued after recent price dropOver the last 90 days, the stock has fallen 16% to JP¥2,302. The fair value is estimated to be JP¥2,978, 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 13%. For the next 3 years, revenue is forecast to grow by 9.0% per annum. Earnings are also forecast to grow by 12% per annum over the same time period.お知らせ • Mar 04Dexerials Corporation to Report Fiscal Year 2026 Results on May 13, 2026Dexerials Corporation announced that they will report fiscal year 2026 results at 3:30 PM, Tokyo Standard Time on May 13, 2026Buy Or Sell Opportunity • Mar 03Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 23% to JP¥2,357. The fair value is estimated to be JP¥2,975, 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 13%. For the next 3 years, revenue is forecast to grow by 8.9% per annum. Earnings are also forecast to grow by 12% per annum over the same time period.Buy Or Sell Opportunity • Feb 13Now 24% undervalued after recent price dropOver the last 90 days, the stock has fallen 24% to JP¥2,244. The fair value is estimated to be JP¥2,943, 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 13%. For the next 3 years, revenue is forecast to grow by 9.1% per annum. Earnings are also forecast to grow by 12% per annum over the same time period.Reported Earnings • Feb 10Third quarter 2026 earnings released: EPS: JP¥46.57 (vs JP¥43.69 in 3Q 2025)Third quarter 2026 results: EPS: JP¥46.57 (up from JP¥43.69 in 3Q 2025). Revenue: JP¥29.8b (up 8.4% from 3Q 2025). Net income: JP¥7.86b (up 4.8% from 3Q 2025). Profit margin: 26% (in line with 3Q 2025). Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Feb 10Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to JP¥2,487, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 16x in the Electronic industry in Japan. Total returns to shareholders of 187% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,939 per share.Price Target Changed • Jan 06Price target increased by 11% to JP¥2,800Up from JP¥2,520, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of JP¥2,692. Stock is up 14% over the past year. The company is forecast to post earnings per share of JP¥160 for next year compared to JP¥162 last year.Declared Dividend • Dec 19First half dividend of JP¥29.00 announcedShareholders will receive a dividend of JP¥29.00. Ex-date: 30th March 2026 Payment date: 25th June 2026 Dividend yield will be 2.1%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (41% earnings payout ratio) but not covered by cash flows (227% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 48% over the next 3 years, which should provide support to the dividend and adequate earnings cover.分析記事 • Dec 05A Look At The Intrinsic Value Of Dexerials Corporation (TSE:4980)Key Insights Dexerials' estimated fair value is JP¥2,622 based on 2 Stage Free Cash Flow to Equity Current share price...Major Estimate Revision • Dec 04Consensus EPS estimates increase by 22%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from JP¥108.7b to JP¥112.9b. EPS estimate increased from JP¥140 to JP¥171 per share. Net income forecast to grow 6.4% next year vs 11% growth forecast for Electronic industry in Japan. Consensus price target up from JP¥2,520 to JP¥2,680. Share price rose 3.8% to JP¥3,054 over the past week.お知らせ • Dec 02Dexerials Corporation to Report Q3, 2026 Results on Feb 09, 2026Dexerials Corporation announced that they will report Q3, 2026 results on Feb 09, 2026分析記事 • Nov 19Dexerials' (TSE:4980) Problems Go Beyond Weak ProfitThe market rallied behind Dexerials Corporation's ( TSE:4980 ) stock, leading do a rise in the share price after its...Buy Or Sell Opportunity • Nov 17Now 26% overvalued after recent price riseOver the last 90 days, the stock has risen 57% to JP¥3,309. The fair value is estimated to be JP¥2,629, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 13%. For the next 3 years, revenue is forecast to grow by 7.9% per annum. Earnings are also forecast to grow by 11% per annum over the same time period.Reported Earnings • Nov 14Second quarter 2026 earnings released: EPS: JP¥46.47 (vs JP¥53.27 in 2Q 2025)Second quarter 2026 results: EPS: JP¥46.47 (down from JP¥53.27 in 2Q 2025). Revenue: JP¥31.3b (down 3.5% from 2Q 2025). Net income: JP¥7.85b (down 14% from 2Q 2025). Profit margin: 25% (down from 28% in 2Q 2025). Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth.分析記事 • Nov 13Optimistic Investors Push Dexerials Corporation (TSE:4980) Shares Up 34% But Growth Is LackingDexerials Corporation ( TSE:4980 ) shareholders have had their patience rewarded with a 34% share price jump in the...New Risk • Nov 13New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 8.2% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.2% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Valuation Update With 7 Day Price Move • Nov 13Investor sentiment improves as stock rises 21%After last week's 21% share price gain to JP¥2,863, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 15x in the Electronic industry in Japan. Total returns to shareholders of 178% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,625 per share.お知らせ • Nov 12+ 1 more updateDexerials Corporation Announces Cash Dividend for the Second Quarter Ended September 30, 2025, Payable on December 18, 2025Dexerials Corporation announced cash dividend of JPY 29.00 per share for the second quarter ended September 30, 2025 as compared to dividend of JPY 78.00 per share a year ago. Effective October 1, 2024, the Company conducted a 3-for-1 split of common shares. Scheduled date to commence dividend payments: December 18, 2025.New Risk • Sep 27New 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 5.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.0% average weekly change).Upcoming Dividend • Sep 22Upcoming dividend of JP¥29.00 per shareEligible shareholders must have bought the stock before 29 September 2025. Payment date: 18 December 2025. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%).分析記事 • Sep 07Dexerials Corporation's (TSE:4980) Prospects Need A Boost To Lift SharesDexerials Corporation's ( TSE:4980 ) price-to-earnings (or "P/E") ratio of 12.3x might make it look like a buy right...お知らせ • Sep 02Dexerials Corporation to Report Q2, 2026 Results on Nov 12, 2025Dexerials Corporation announced that they will report Q2, 2026 results on Nov 12, 2025分析記事 • Aug 23Estimating The Intrinsic Value Of Dexerials Corporation (TSE:4980)Key Insights Dexerials' estimated fair value is JP¥2,257 based on 2 Stage Free Cash Flow to Equity Dexerials' JP¥2,032...Reported Earnings • Aug 07First quarter 2026 earnings released: EPS: JP¥33.14 (vs JP¥38.98 in 1Q 2025)First quarter 2026 results: EPS: JP¥33.14 (down from JP¥38.98 in 1Q 2025). Revenue: JP¥26.1b (down 3.8% from 1Q 2025). Net income: JP¥5.57b (down 17% from 1Q 2025). Profit margin: 21% (down from 25% in 1Q 2025). Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 17% per year.Price Target Changed • Jul 31Price target decreased by 11% to JP¥2,375Down from JP¥2,679, the current price target is an average from 4 analysts. New target price is 8.1% above last closing price of JP¥2,198. Stock is down 3.7% over the past year. The company is forecast to post earnings per share of JP¥138 for next year compared to JP¥162 last year.分析記事 • Jul 28Dexerials (TSE:4980) Seems To Use Debt Quite SensiblyDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Board Change • Jul 23High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Senior Managing Executive Officer, Corporate Strategy Division Head & Director Katsushi Kitajo was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Declared Dividend • Jul 09Final dividend of JP¥29.00 announcedShareholders will receive a dividend of JP¥29.00. Ex-date: 29th September 2025 Payment date: 18th December 2025 Dividend yield will be 3.0%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (31% earnings payout ratio) and cash flows (39% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. 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 • Jun 27Full year 2025 earnings: Revenues and EPS in line with analyst expectationsFull year 2025 results: EPS: JP¥162 (up from JP¥123 in FY 2024). Revenue: JP¥110.4b (up 4.9% from FY 2024). Net income: JP¥27.7b (up 30% from FY 2024). Profit margin: 25% (up from 20% in FY 2024). The increase in margin was primarily driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Jun 24Dexerials Corporation Announces Representative Director Changes, Effective June 24, 2025Dexerials Corporation announced that the Board of Directors passed a resolution at the meeting held on June 24, 2025, regarding the change of Representative Director. The reason for the changes is to strengthen corporate governance under the new management structure, while accelerating the execution of the Mid-Term Management Plan and individual business strategies, aiming to enhance corporate value over the medium to long term. The new appointment is Katsushi Kitajo as Representative Director, succeeding Toshiya Satake who retired from the position. Katsushi Kitajo was born on August 25, 1967. His career includes joining the Japan Development Bank (current Development Bank of Japan Inc.) in April 1990, serving as CEO of DBJ Singapore Limited in June 2014, Head of Business Development Department at Development Bank of Japan Inc. in June 2017, Executive Officer and Head of Human Resources Management Department at Development Bank of Japan Inc. in June 2019, Managing Executive Officer at Development Bank of Japan Inc. and Outside Director at Socionext Inc. in June 2021, Director and Managing Executive Officer at Development Bank of Japan Inc. in June 2022, Advisor at the Company in July 2024, and Executive Officer, Corporate Strategy Division Head at the Company from January 2025 to present.New Risk • Jun 16New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.1% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.5% average weekly change).お知らせ • Jun 05Dexerials Corporation to Report Q1, 2026 Results on Aug 05, 2025Dexerials Corporation announced that they will report Q1, 2026 results on Aug 05, 2025New Risk • May 23New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.4% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (9.1% average weekly change).お知らせ • May 14+ 2 more updatesDexerials Corporation Announces Dividend for the Fiscal Year Ended March 31, 2025, Payable on June 25, 2025Dexerials Corporation announced dividend for the fiscal year ended March 31, 2025. For the year, the company announced dividend of JPY 32.00 per share against JPY 65.00 per share a year ago. Scheduled date to commence dividend payments is June 25, 2025.Reported Earnings • May 13Full year 2025 earnings: Revenues and EPS in line with analyst expectationsFull year 2025 results: EPS: JP¥162 (up from JP¥123 in FY 2024). Revenue: JP¥110.4b (up 4.9% from FY 2024). Net income: JP¥27.7b (up 30% from FY 2024). Profit margin: 25% (up from 20% in FY 2024). The increase in margin was primarily driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 4.9% p.a. on average during the next 2 years, compared to a 6.3% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 14% per year.お知らせ • May 12Dexerials Corporation, Annual General Meeting, Jun 24, 2025Dexerials Corporation, Annual General Meeting, Jun 24, 2025.Valuation Update With 7 Day Price Move • Apr 04Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to JP¥1,588, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 11x in the Electronic industry in Japan. Total returns to shareholders of 61% over the past three years.Upcoming Dividend • Mar 21Upcoming dividend of JP¥32.00 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 26 June 2025. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.7%).お知らせ • Mar 18Dexerials Corporation to Report Fiscal Year 2025 Results on May 12, 2025Dexerials Corporation announced that they will report fiscal year 2025 results on May 12, 2025New Risk • Feb 16New 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 5.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.1% average weekly change).Reported Earnings • Feb 13Third quarter 2025 earnings released: EPS: JP¥43.69 (vs JP¥42.26 in 3Q 2024)Third quarter 2025 results: EPS: JP¥43.69 (up from JP¥42.26 in 3Q 2024). Revenue: JP¥27.5b (down 12% from 3Q 2024). Net income: JP¥7.50b (up 1.8% from 3Q 2024). Profit margin: 27% (up from 24% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Electronic 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 increased by 31% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Feb 12Dexerials Corporation (TSE:4980) announces an Equity Buyback for 3,000,000 shares, representing 1.69% for ¥5,000 million.Dexerials Corporation (TSE:4980) announces a share repurchase program. Under the program, the company will repurchase 3,000,000 shares, representing 1.39% of its share capital, for ¥5,000 million. The company will repurchase its shares in order to improve capital efficiency and enhance shareholder returns as part of implementing capital policy according to the business environment in consideration of factors such as opportunities for strategic investment and the Company’s financial condition. The program will run until March 17, 2025. As of December 31, 2024, the company had 177,771,639 shares outstanding (excluding treasury shares) and 2,900,961 shares in treasury.お知らせ • Feb 04Restar Corporation (TSE:3156) completed the acquisition of 51% stake in Dexerials Taiwan Corporation from Dexerials Corporation (TSE:4980).Restar Corporation (TSE:3156) agreed to acquire 51% stake in Dexerials Taiwan Corporation from Dexerials Corporation (TSE:4980) for approximately TWD 130 million on September 25, 2024. A cash consideration of TWD 126.99 million will be paid by Restar Corporation. As part of consideration, TWD 126.99 million is paid towards common equity of Dexerials Taiwan Corporation. For the period ending March 31, 2024, Dexerials Taiwan Corporation reported total revenue of TWD 4.57 billion and EBIT of TWD 202.08 million. As of March 31, 2024, Dexerials Taiwan Corporation reported total assets of TWD 1.75 billion and total common equity of TWD 663.94 million. The transaction is expected to complete on January 1, 2025. The transaction is expected to close on February 3, 2025. Restar Corporation (TSE:3156) completed the acquisition of 51% stake in Dexerials Taiwan Corporation from Dexerials Corporation (TSE:4980) on February 3, 2025.お知らせ • Dec 26Dexerials Corporation Announces Executive ChangesDexerials Corporation announced that it will implement the following new appointment of executive officers and organizational reforms, which will take effect on January 1, 2025. Further, Dexerials will appoint a new officer in charge of risk management and special projects to respond to the increasingly uncertain business environment and facilitate Dexerials' evolution toward the establishment of a robust management foundation. Kouji Yamagishi's designation has been changed from Executive Officer, Sustainability Promotion Division Head to Executive Officer, Risk Management and Special Projects. Katsushi Kitajo's designation has been changed from Executive Advisor, Corporate Strategy to Executive Officer, Corporate Strategy Division Head. Executive Officers, Business Unit Heads and Division Heads effective as of January 1, 2025: Yoshihisa Shinya - Representative Director and President, President and Executive Office, Officer in charge of management and business operations; Toshiya Satake - epresentative Director, Senior Managing Executive Officer, Officer in charge of management and administration; Takashi Yoshida - Executive Officer, Production Strategy Division Head; Kozaburo Hayashi - Executive Officer, Global Sales & Marketing Division Head; Kuo-Hua Sung - Executive Officer, Technology Strategy Head, Officer in charge of Dexerials Innovation Group (DIG) Promotio Department; Kentaro Oshima - Executive Officer, Automotive Solutions Business Unit Head; Naoyuki Tsuda - Executive Officer, Human Resources Division Head; Kazuyoshi Terashita - Executive Officer, Business Management Division Head; Kouji Yamagishi - Executive Officer, Risk Management and Special Projects; Kazuya Hayashibe - Executive Officer, Representative Director and President, Dexerials Photonics Solutions Corporation (Planned); Hiroshi Uchida - Executive Officer, Optical Solutions Business Unit Head; Kenji Kamiya - Executive Officer, Connecting Materials Business Unit Head; Katsushi Kitajo - Executive Officer, Corporate Strategy Division Head; and Yoshifumi Ueno - Corporate R&D Division Head.お知らせ • Dec 19Dexerials Corporation to Report Q3, 2025 Results on Feb 12, 2025Dexerials Corporation announced that they will report Q3, 2025 results on Feb 12, 2025Declared Dividend • Dec 19First half dividend of JP¥26.00 announcedShareholders will receive a dividend of JP¥26.00. Ex-date: 28th March 2025 Payment date: 26th June 2025 Dividend yield will be 4.3%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (30% earnings payout ratio) and cash flows (29% cash payout ratio). The dividend has increased by an average of 12% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 13% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Nov 15Second quarter 2025 earnings released: EPS: JP¥53.27 (vs JP¥35.89 in 2Q 2024)Second quarter 2025 results: EPS: JP¥53.27 (up from JP¥35.89 in 2Q 2024). Revenue: JP¥32.5b (up 13% from 2Q 2024). Net income: JP¥9.17b (up 47% from 2Q 2024). Profit margin: 28% (up from 22% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Electronic 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 increased by 29% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Nov 14Dexerials Corporation (TSE:4980) announces an Equity Buyback for 2,500,000 shares, representing 1.39% for ¥5,000 million.Dexerials Corporation (TSE:4980) announces a share repurchase program. Under the program, the company will repurchase 2,500,000 shares, representing 1.39% of its share capital, for ¥5,000 million. The company will repurchase its shares in order to improve capital efficiency and enhance shareholder returns. The program will run until December 23, 2024. As of September 30, 2024, the company had 179,799,807 shares outstanding (excluding treasury shares) and 872,793 shares in treasury.お知らせ • Sep 26+ 1 more updateRestar Corporation (TSE:3156) agreed to acquire 51% stake in Dexerials Taiwan Corporation from Dexerials Corporation (TSE:4980) for approximately TWD 130 million.Restar Corporation (TSE:3156) agreed to acquire 51% stake in Dexerials Taiwan Corporation from Dexerials Corporation (TSE:4980) for approximately TWD 130 million on September 25, 2024. A cash consideration of TWD 126.99 million will be paid by Restar Corporation. As part of consideration, TWD 126.99 million is paid towards common equity of Dexerials Taiwan Corporation. For the period ending March 31, 2024, Dexerials Taiwan Corporation reported total revenue of TWD 4.57 billion and EBIT of TWD 202.08 million. As of March 31, 2024, Dexerials Taiwan Corporation reported total assets of TWD 1.75 billion and total common equity of TWD 663.94 million. The transaction is expected to complete on January 1, 2025.Upcoming Dividend • Sep 20Upcoming dividend of JP¥78.00 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.5%).お知らせ • Sep 19Dexerials Corporation to Report Q2, 2025 Results on Nov 13, 2024Dexerials Corporation announced that they will report Q2, 2025 results on Nov 13, 2024Buy Or Sell Opportunity • Sep 13Now 22% overvaluedOver the last 90 days, the stock has fallen 20% to JP¥6,052. The fair value is estimated to be JP¥4,952, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.0% over the last 3 years. Earnings per share has grown by 24%. For the next 3 years, revenue is forecast to grow by 5.7% per annum. Earnings are also forecast to grow by 8.4% per annum over the same time period.Reported Earnings • Aug 12First quarter 2025 earnings released: EPS: JP¥117 (vs JP¥55.60 in 1Q 2024)First quarter 2025 results: EPS: JP¥117 (up from JP¥55.60 in 1Q 2024). Revenue: JP¥27.2b (up 30% from 1Q 2024). Net income: JP¥6.69b (up 108% from 1Q 2024). Profit margin: 25% (up from 16% in 1Q 2024). 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 7.1% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth.New Risk • Aug 08New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.9% average weekly change). Shareholders have been diluted in the past year (3.4% increase in shares outstanding).Buy Or Sell Opportunity • Aug 07Now 24% overvalued after recent price riseOver the last 90 days, the stock has risen 3.5% to JP¥6,121. The fair value is estimated to be JP¥4,948, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 29%. For the next 3 years, revenue is forecast to grow by 6.3% per annum. Earnings are also forecast to grow by 10% per annum over the same time period.New Risk • Aug 05New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 8.3% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.3% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 27%After last week's 27% share price decline to JP¥5,260, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 12x in the Electronic industry in Japan. Total returns to shareholders of 137% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥4,965 per share.Declared Dividend • Jul 11Final dividend of JP¥78.00 announcedShareholders will receive a dividend of JP¥78.00. Ex-date: 27th September 2024 Payment date: 2nd December 2024 Dividend yield will be 1.8%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (20% earnings payout ratio) and cash flows (54% cash payout ratio). The dividend has increased by an average of 12% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 36% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Price Target Changed • Jul 09Price target increased by 23% to JP¥6,875Up from JP¥5,583, the current price target is an average from 6 analysts. New target price is 15% below last closing price of JP¥8,104. Stock is up 156% over the past year. The company is forecast to post earnings per share of JP¥451 for next year compared to JP¥369 last year.お知らせ • Jun 15Dexerials Corporation to Report Q1, 2025 Results on Aug 07, 2024Dexerials Corporation announced that they will report Q1, 2025 results on Aug 07, 2024Reported Earnings • May 16Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: JP¥369 (up from JP¥351 in FY 2023). Revenue: JP¥105.2b (flat on FY 2023). Net income: JP¥21.4b (up 3.4% from FY 2023). Profit margin: 20% (in line with FY 2023). Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) also surpassed analyst estimates by 5.5%. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • May 15Dexerials Corporation, Annual General Meeting, Jun 25, 2024Dexerials Corporation, Annual General Meeting, Jun 25, 2024.Upcoming Dividend • Mar 21Upcoming dividend of JP¥65.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 26 June 2024. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.4%).決済の安定と成長配当データの取得安定した配当: 4980の配当金支払いは、過去10年間 変動性 が高かった。増加する配当: 4980の配当金は過去10年間にわたって増加しています。配当利回り対市場Dexerials 配当利回り対市場4980 配当利回りは市場と比べてどうか？セグメント配当利回り会社 (4980)1.3%市場下位25% (JP)1.8%市場トップ25% (JP)3.9%業界平均 (Electronic)1.0%アナリスト予想 (4980) (最長3年)2.0%注目すべき配当: 4980の配当金 ( 1.31% ) はJP市場の配当金支払者の下位 25% ( 1.79% ) と比べると目立ったものではありません。高配当: 4980の配当金 ( 1.31% ) はJP市場の配当金支払者の上位 25% ( 3.88% ) と比較すると低いです。株主への利益配当収益カバレッジ: 4980の 配当性向 ( 34.8% ) はかなり低いため、配当金の支払いは利益によって十分にカバーされます。株主配当金キャッシュフローカバレッジ: 4980は高い 現金配当性向 ( 464.9% ) のため、配当金の支払いはキャッシュフローで十分にカバーされていません。高配当企業の発掘7D1Y7D1Y7D1YJP 市場の強力な配当支払い企業。View Management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2026/06/23 11:56終値2026/06/23 00:00収益2026/03/31年間収益2026/03/31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この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、レポートの使い方に関する ガイド や YouTube の チュートリアル もご用意しています。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Dexerials Corporation 5 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。6 アナリスト機関null nullDaiwa Securities Co. Ltd.Makoto FukudaMarusan Securities Co. Ltd.Mikiya YamadaMizuho Securities Co., Ltd.3 その他のアナリストを表示
Upcoming Dividend • Mar 23Upcoming dividend of JP¥29.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 25 June 2026. Payout ratio is a comfortable 40% but the company is paying out more than the cash it is generating. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%).
Declared Dividend • Dec 19First half dividend of JP¥29.00 announcedShareholders will receive a dividend of JP¥29.00. Ex-date: 30th March 2026 Payment date: 25th June 2026 Dividend yield will be 2.1%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (41% earnings payout ratio) but not covered by cash flows (227% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 48% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Nov 12+ 1 more updateDexerials Corporation Announces Cash Dividend for the Second Quarter Ended September 30, 2025, Payable on December 18, 2025Dexerials Corporation announced cash dividend of JPY 29.00 per share for the second quarter ended September 30, 2025 as compared to dividend of JPY 78.00 per share a year ago. Effective October 1, 2024, the Company conducted a 3-for-1 split of common shares. Scheduled date to commence dividend payments: December 18, 2025.
Upcoming Dividend • Sep 22Upcoming dividend of JP¥29.00 per shareEligible shareholders must have bought the stock before 29 September 2025. Payment date: 18 December 2025. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%).
Declared Dividend • Jul 09Final dividend of JP¥29.00 announcedShareholders will receive a dividend of JP¥29.00. Ex-date: 29th September 2025 Payment date: 18th December 2025 Dividend yield will be 3.0%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (31% earnings payout ratio) and cash flows (39% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. 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 • May 14+ 2 more updatesDexerials Corporation Announces Dividend for the Fiscal Year Ended March 31, 2025, Payable on June 25, 2025Dexerials Corporation announced dividend for the fiscal year ended March 31, 2025. For the year, the company announced dividend of JPY 32.00 per share against JPY 65.00 per share a year ago. Scheduled date to commence dividend payments is June 25, 2025.
Buy Or Sell Opportunity • Jun 22Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 125% to JP¥4,931. The fair value is estimated to be JP¥4,103, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.7% over the last 3 years. Earnings per share has grown by 15%. For the next 3 years, revenue is forecast to grow by 10% per annum. Earnings are also forecast to grow by 14% per annum over the same time period.
Valuation Update With 7 Day Price Move • Jun 10Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to JP¥3,686, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 17x in the Electronic industry in Japan. Total returns to shareholders of 283% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥4,115 per share.
Price Target Changed • Jun 09Price target increased by 9.5% to JP¥3,190Up from JP¥2,913, the current price target is an average from 5 analysts. New target price is 19% below last closing price of JP¥3,920. Stock is up 87% over the past year. The company is forecast to post earnings per share of JP¥171 for next year compared to JP¥166 last year.
お知らせ • Jun 03Dexerials Corporation to Report Q1, 2027 Results on Aug 04, 2026Dexerials Corporation announced that they will report Q1, 2027 results at 9:00 AM, Tokyo Standard Time on Aug 04, 2026
分析記事 • May 21Dexerials' (TSE:4980) Shareholders May Want To Dig Deeper Than Statutory ProfitDexerials Corporation ( TSE:4980 ) just released a solid earnings report, and the stock displayed some strength. While...
Valuation Update With 7 Day Price Move • May 20Investor sentiment improves as stock rises 43%After last week's 43% share price gain to JP¥3,799, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 18x in the Electronic industry in Japan. Total returns to shareholders of 323% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,780 per share.
ライブニュース • May 18Dexerials Shares Jump 45% After Earnings Growth Signals Improved Profit OutlookDexerials Corporation surged 45.3% in after-hours trading following a report of strong earnings growth. Net income was reported to be 22.9% higher, while EPS was 31.8% higher. The company is described as having a conservative balance sheet and solid fundamentals, with the next earnings announcement scheduled for 4 August 2026 as a key date. The sharp move in the stock alongside stronger earnings metrics suggests that the latest results significantly shifted market expectations around the company’s profitability and financial strength. You may want to pay close attention to any updates leading into the 4 August 2026 earnings date, since fresh guidance, order trends or margin details could either reinforce or challenge the market’s current optimism.
分析記事 • May 17The Dexerials Corporation (TSE:4980) Annual Results Are Out And Analysts Have Published New ForecastsThe investors in Dexerials Corporation 's ( TSE:4980 ) will be rubbing their hands together with glee today, after the...
Buy Or Sell Opportunity • May 15Now 40% overvalued after recent price riseOver the last 90 days, the stock has risen 72% to JP¥3,849. The fair value is estimated to be JP¥2,751, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.7% over the last 3 years. Earnings per share has grown by 15%. For the next 3 years, revenue is forecast to grow by 8.8% per annum. Earnings are also forecast to grow by 11% per annum over the same time period.
お知らせ • May 14Dexerials Corporation, Annual General Meeting, Jun 23, 2026Dexerials Corporation, Annual General Meeting, Jun 23, 2026.
Reported Earnings • May 14Full year 2026 earnings: EPS exceeds analyst expectationsFull year 2026 results: EPS: JP¥166 (up from JP¥162 in FY 2025). Revenue: JP¥113.8b (up 3.1% from FY 2025). Net income: JP¥28.0b (up 1.0% from FY 2025). Profit margin: 25% (in line with FY 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.3%. Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Electronic 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 increased by 50% per year, which means it is tracking significantly ahead of earnings growth.
Buy Or Sell Opportunity • Apr 09Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 14% to JP¥2,331. The fair value is estimated to be JP¥2,946, 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 13%. For the next 3 years, revenue is forecast to grow by 8.9% per annum. Earnings are also forecast to grow by 12% per annum over the same time period.
Price Target Changed • Apr 01Price target increased by 8.0% to JP¥3,088Up from JP¥2,860, the current price target is an average from 4 analysts. New target price is 39% above last closing price of JP¥2,221. Stock is up 23% over the past year. The company posted earnings per share of JP¥162 last year.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥29.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 25 June 2026. Payout ratio is a comfortable 40% but the company is paying out more than the cash it is generating. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%).
Buy Or Sell Opportunity • Mar 19Now 23% undervalued after recent price dropOver the last 90 days, the stock has fallen 16% to JP¥2,302. The fair value is estimated to be JP¥2,978, 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 13%. For the next 3 years, revenue is forecast to grow by 9.0% per annum. Earnings are also forecast to grow by 12% per annum over the same time period.
お知らせ • Mar 04Dexerials Corporation to Report Fiscal Year 2026 Results on May 13, 2026Dexerials Corporation announced that they will report fiscal year 2026 results at 3:30 PM, Tokyo Standard Time on May 13, 2026
Buy Or Sell Opportunity • Mar 03Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 23% to JP¥2,357. The fair value is estimated to be JP¥2,975, 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 13%. For the next 3 years, revenue is forecast to grow by 8.9% per annum. Earnings are also forecast to grow by 12% per annum over the same time period.
Buy Or Sell Opportunity • Feb 13Now 24% undervalued after recent price dropOver the last 90 days, the stock has fallen 24% to JP¥2,244. The fair value is estimated to be JP¥2,943, 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 13%. For the next 3 years, revenue is forecast to grow by 9.1% per annum. Earnings are also forecast to grow by 12% per annum over the same time period.
Reported Earnings • Feb 10Third quarter 2026 earnings released: EPS: JP¥46.57 (vs JP¥43.69 in 3Q 2025)Third quarter 2026 results: EPS: JP¥46.57 (up from JP¥43.69 in 3Q 2025). Revenue: JP¥29.8b (up 8.4% from 3Q 2025). Net income: JP¥7.86b (up 4.8% from 3Q 2025). Profit margin: 26% (in line with 3Q 2025). Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Feb 10Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to JP¥2,487, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 16x in the Electronic industry in Japan. Total returns to shareholders of 187% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,939 per share.
Price Target Changed • Jan 06Price target increased by 11% to JP¥2,800Up from JP¥2,520, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of JP¥2,692. Stock is up 14% over the past year. The company is forecast to post earnings per share of JP¥160 for next year compared to JP¥162 last year.
Declared Dividend • Dec 19First half dividend of JP¥29.00 announcedShareholders will receive a dividend of JP¥29.00. Ex-date: 30th March 2026 Payment date: 25th June 2026 Dividend yield will be 2.1%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (41% earnings payout ratio) but not covered by cash flows (227% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 48% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
分析記事 • Dec 05A Look At The Intrinsic Value Of Dexerials Corporation (TSE:4980)Key Insights Dexerials' estimated fair value is JP¥2,622 based on 2 Stage Free Cash Flow to Equity Current share price...
Major Estimate Revision • Dec 04Consensus EPS estimates increase by 22%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from JP¥108.7b to JP¥112.9b. EPS estimate increased from JP¥140 to JP¥171 per share. Net income forecast to grow 6.4% next year vs 11% growth forecast for Electronic industry in Japan. Consensus price target up from JP¥2,520 to JP¥2,680. Share price rose 3.8% to JP¥3,054 over the past week.
お知らせ • Dec 02Dexerials Corporation to Report Q3, 2026 Results on Feb 09, 2026Dexerials Corporation announced that they will report Q3, 2026 results on Feb 09, 2026
分析記事 • Nov 19Dexerials' (TSE:4980) Problems Go Beyond Weak ProfitThe market rallied behind Dexerials Corporation's ( TSE:4980 ) stock, leading do a rise in the share price after its...
Buy Or Sell Opportunity • Nov 17Now 26% overvalued after recent price riseOver the last 90 days, the stock has risen 57% to JP¥3,309. The fair value is estimated to be JP¥2,629, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 13%. For the next 3 years, revenue is forecast to grow by 7.9% per annum. Earnings are also forecast to grow by 11% per annum over the same time period.
Reported Earnings • Nov 14Second quarter 2026 earnings released: EPS: JP¥46.47 (vs JP¥53.27 in 2Q 2025)Second quarter 2026 results: EPS: JP¥46.47 (down from JP¥53.27 in 2Q 2025). Revenue: JP¥31.3b (down 3.5% from 2Q 2025). Net income: JP¥7.85b (down 14% from 2Q 2025). Profit margin: 25% (down from 28% in 2Q 2025). Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth.
分析記事 • Nov 13Optimistic Investors Push Dexerials Corporation (TSE:4980) Shares Up 34% But Growth Is LackingDexerials Corporation ( TSE:4980 ) shareholders have had their patience rewarded with a 34% share price jump in the...
New Risk • Nov 13New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 8.2% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.2% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Valuation Update With 7 Day Price Move • Nov 13Investor sentiment improves as stock rises 21%After last week's 21% share price gain to JP¥2,863, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 15x in the Electronic industry in Japan. Total returns to shareholders of 178% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,625 per share.
お知らせ • Nov 12+ 1 more updateDexerials Corporation Announces Cash Dividend for the Second Quarter Ended September 30, 2025, Payable on December 18, 2025Dexerials Corporation announced cash dividend of JPY 29.00 per share for the second quarter ended September 30, 2025 as compared to dividend of JPY 78.00 per share a year ago. Effective October 1, 2024, the Company conducted a 3-for-1 split of common shares. Scheduled date to commence dividend payments: December 18, 2025.
New Risk • Sep 27New 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 5.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.0% average weekly change).
Upcoming Dividend • Sep 22Upcoming dividend of JP¥29.00 per shareEligible shareholders must have bought the stock before 29 September 2025. Payment date: 18 December 2025. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%).
分析記事 • Sep 07Dexerials Corporation's (TSE:4980) Prospects Need A Boost To Lift SharesDexerials Corporation's ( TSE:4980 ) price-to-earnings (or "P/E") ratio of 12.3x might make it look like a buy right...
お知らせ • Sep 02Dexerials Corporation to Report Q2, 2026 Results on Nov 12, 2025Dexerials Corporation announced that they will report Q2, 2026 results on Nov 12, 2025
分析記事 • Aug 23Estimating The Intrinsic Value Of Dexerials Corporation (TSE:4980)Key Insights Dexerials' estimated fair value is JP¥2,257 based on 2 Stage Free Cash Flow to Equity Dexerials' JP¥2,032...
Reported Earnings • Aug 07First quarter 2026 earnings released: EPS: JP¥33.14 (vs JP¥38.98 in 1Q 2025)First quarter 2026 results: EPS: JP¥33.14 (down from JP¥38.98 in 1Q 2025). Revenue: JP¥26.1b (down 3.8% from 1Q 2025). Net income: JP¥5.57b (down 17% from 1Q 2025). Profit margin: 21% (down from 25% in 1Q 2025). Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 17% per year.
Price Target Changed • Jul 31Price target decreased by 11% to JP¥2,375Down from JP¥2,679, the current price target is an average from 4 analysts. New target price is 8.1% above last closing price of JP¥2,198. Stock is down 3.7% over the past year. The company is forecast to post earnings per share of JP¥138 for next year compared to JP¥162 last year.
分析記事 • Jul 28Dexerials (TSE:4980) Seems To Use Debt Quite SensiblyDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Board Change • Jul 23High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Senior Managing Executive Officer, Corporate Strategy Division Head & Director Katsushi Kitajo was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Declared Dividend • Jul 09Final dividend of JP¥29.00 announcedShareholders will receive a dividend of JP¥29.00. Ex-date: 29th September 2025 Payment date: 18th December 2025 Dividend yield will be 3.0%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (31% earnings payout ratio) and cash flows (39% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. 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 • Jun 27Full year 2025 earnings: Revenues and EPS in line with analyst expectationsFull year 2025 results: EPS: JP¥162 (up from JP¥123 in FY 2024). Revenue: JP¥110.4b (up 4.9% from FY 2024). Net income: JP¥27.7b (up 30% from FY 2024). Profit margin: 25% (up from 20% in FY 2024). The increase in margin was primarily driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Jun 24Dexerials Corporation Announces Representative Director Changes, Effective June 24, 2025Dexerials Corporation announced that the Board of Directors passed a resolution at the meeting held on June 24, 2025, regarding the change of Representative Director. The reason for the changes is to strengthen corporate governance under the new management structure, while accelerating the execution of the Mid-Term Management Plan and individual business strategies, aiming to enhance corporate value over the medium to long term. The new appointment is Katsushi Kitajo as Representative Director, succeeding Toshiya Satake who retired from the position. Katsushi Kitajo was born on August 25, 1967. His career includes joining the Japan Development Bank (current Development Bank of Japan Inc.) in April 1990, serving as CEO of DBJ Singapore Limited in June 2014, Head of Business Development Department at Development Bank of Japan Inc. in June 2017, Executive Officer and Head of Human Resources Management Department at Development Bank of Japan Inc. in June 2019, Managing Executive Officer at Development Bank of Japan Inc. and Outside Director at Socionext Inc. in June 2021, Director and Managing Executive Officer at Development Bank of Japan Inc. in June 2022, Advisor at the Company in July 2024, and Executive Officer, Corporate Strategy Division Head at the Company from January 2025 to present.
New Risk • Jun 16New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.1% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.5% average weekly change).
お知らせ • Jun 05Dexerials Corporation to Report Q1, 2026 Results on Aug 05, 2025Dexerials Corporation announced that they will report Q1, 2026 results on Aug 05, 2025
New Risk • May 23New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.4% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (9.1% average weekly change).
お知らせ • May 14+ 2 more updatesDexerials Corporation Announces Dividend for the Fiscal Year Ended March 31, 2025, Payable on June 25, 2025Dexerials Corporation announced dividend for the fiscal year ended March 31, 2025. For the year, the company announced dividend of JPY 32.00 per share against JPY 65.00 per share a year ago. Scheduled date to commence dividend payments is June 25, 2025.
Reported Earnings • May 13Full year 2025 earnings: Revenues and EPS in line with analyst expectationsFull year 2025 results: EPS: JP¥162 (up from JP¥123 in FY 2024). Revenue: JP¥110.4b (up 4.9% from FY 2024). Net income: JP¥27.7b (up 30% from FY 2024). Profit margin: 25% (up from 20% in FY 2024). The increase in margin was primarily driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 4.9% p.a. on average during the next 2 years, compared to a 6.3% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 14% per year.
お知らせ • May 12Dexerials Corporation, Annual General Meeting, Jun 24, 2025Dexerials Corporation, Annual General Meeting, Jun 24, 2025.
Valuation Update With 7 Day Price Move • Apr 04Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to JP¥1,588, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 11x in the Electronic industry in Japan. Total returns to shareholders of 61% over the past three years.
Upcoming Dividend • Mar 21Upcoming dividend of JP¥32.00 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 26 June 2025. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.7%).
お知らせ • Mar 18Dexerials Corporation to Report Fiscal Year 2025 Results on May 12, 2025Dexerials Corporation announced that they will report fiscal year 2025 results on May 12, 2025
New Risk • Feb 16New 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 5.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.1% average weekly change).
Reported Earnings • Feb 13Third quarter 2025 earnings released: EPS: JP¥43.69 (vs JP¥42.26 in 3Q 2024)Third quarter 2025 results: EPS: JP¥43.69 (up from JP¥42.26 in 3Q 2024). Revenue: JP¥27.5b (down 12% from 3Q 2024). Net income: JP¥7.50b (up 1.8% from 3Q 2024). Profit margin: 27% (up from 24% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Electronic 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 increased by 31% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Feb 12Dexerials Corporation (TSE:4980) announces an Equity Buyback for 3,000,000 shares, representing 1.69% for ¥5,000 million.Dexerials Corporation (TSE:4980) announces a share repurchase program. Under the program, the company will repurchase 3,000,000 shares, representing 1.39% of its share capital, for ¥5,000 million. The company will repurchase its shares in order to improve capital efficiency and enhance shareholder returns as part of implementing capital policy according to the business environment in consideration of factors such as opportunities for strategic investment and the Company’s financial condition. The program will run until March 17, 2025. As of December 31, 2024, the company had 177,771,639 shares outstanding (excluding treasury shares) and 2,900,961 shares in treasury.
お知らせ • Feb 04Restar Corporation (TSE:3156) completed the acquisition of 51% stake in Dexerials Taiwan Corporation from Dexerials Corporation (TSE:4980).Restar Corporation (TSE:3156) agreed to acquire 51% stake in Dexerials Taiwan Corporation from Dexerials Corporation (TSE:4980) for approximately TWD 130 million on September 25, 2024. A cash consideration of TWD 126.99 million will be paid by Restar Corporation. As part of consideration, TWD 126.99 million is paid towards common equity of Dexerials Taiwan Corporation. For the period ending March 31, 2024, Dexerials Taiwan Corporation reported total revenue of TWD 4.57 billion and EBIT of TWD 202.08 million. As of March 31, 2024, Dexerials Taiwan Corporation reported total assets of TWD 1.75 billion and total common equity of TWD 663.94 million. The transaction is expected to complete on January 1, 2025. The transaction is expected to close on February 3, 2025. Restar Corporation (TSE:3156) completed the acquisition of 51% stake in Dexerials Taiwan Corporation from Dexerials Corporation (TSE:4980) on February 3, 2025.
お知らせ • Dec 26Dexerials Corporation Announces Executive ChangesDexerials Corporation announced that it will implement the following new appointment of executive officers and organizational reforms, which will take effect on January 1, 2025. Further, Dexerials will appoint a new officer in charge of risk management and special projects to respond to the increasingly uncertain business environment and facilitate Dexerials' evolution toward the establishment of a robust management foundation. Kouji Yamagishi's designation has been changed from Executive Officer, Sustainability Promotion Division Head to Executive Officer, Risk Management and Special Projects. Katsushi Kitajo's designation has been changed from Executive Advisor, Corporate Strategy to Executive Officer, Corporate Strategy Division Head. Executive Officers, Business Unit Heads and Division Heads effective as of January 1, 2025: Yoshihisa Shinya - Representative Director and President, President and Executive Office, Officer in charge of management and business operations; Toshiya Satake - epresentative Director, Senior Managing Executive Officer, Officer in charge of management and administration; Takashi Yoshida - Executive Officer, Production Strategy Division Head; Kozaburo Hayashi - Executive Officer, Global Sales & Marketing Division Head; Kuo-Hua Sung - Executive Officer, Technology Strategy Head, Officer in charge of Dexerials Innovation Group (DIG) Promotio Department; Kentaro Oshima - Executive Officer, Automotive Solutions Business Unit Head; Naoyuki Tsuda - Executive Officer, Human Resources Division Head; Kazuyoshi Terashita - Executive Officer, Business Management Division Head; Kouji Yamagishi - Executive Officer, Risk Management and Special Projects; Kazuya Hayashibe - Executive Officer, Representative Director and President, Dexerials Photonics Solutions Corporation (Planned); Hiroshi Uchida - Executive Officer, Optical Solutions Business Unit Head; Kenji Kamiya - Executive Officer, Connecting Materials Business Unit Head; Katsushi Kitajo - Executive Officer, Corporate Strategy Division Head; and Yoshifumi Ueno - Corporate R&D Division Head.
お知らせ • Dec 19Dexerials Corporation to Report Q3, 2025 Results on Feb 12, 2025Dexerials Corporation announced that they will report Q3, 2025 results on Feb 12, 2025
Declared Dividend • Dec 19First half dividend of JP¥26.00 announcedShareholders will receive a dividend of JP¥26.00. Ex-date: 28th March 2025 Payment date: 26th June 2025 Dividend yield will be 4.3%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (30% earnings payout ratio) and cash flows (29% cash payout ratio). The dividend has increased by an average of 12% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 13% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Nov 15Second quarter 2025 earnings released: EPS: JP¥53.27 (vs JP¥35.89 in 2Q 2024)Second quarter 2025 results: EPS: JP¥53.27 (up from JP¥35.89 in 2Q 2024). Revenue: JP¥32.5b (up 13% from 2Q 2024). Net income: JP¥9.17b (up 47% from 2Q 2024). Profit margin: 28% (up from 22% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Electronic 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 increased by 29% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Nov 14Dexerials Corporation (TSE:4980) announces an Equity Buyback for 2,500,000 shares, representing 1.39% for ¥5,000 million.Dexerials Corporation (TSE:4980) announces a share repurchase program. Under the program, the company will repurchase 2,500,000 shares, representing 1.39% of its share capital, for ¥5,000 million. The company will repurchase its shares in order to improve capital efficiency and enhance shareholder returns. The program will run until December 23, 2024. As of September 30, 2024, the company had 179,799,807 shares outstanding (excluding treasury shares) and 872,793 shares in treasury.
お知らせ • Sep 26+ 1 more updateRestar Corporation (TSE:3156) agreed to acquire 51% stake in Dexerials Taiwan Corporation from Dexerials Corporation (TSE:4980) for approximately TWD 130 million.Restar Corporation (TSE:3156) agreed to acquire 51% stake in Dexerials Taiwan Corporation from Dexerials Corporation (TSE:4980) for approximately TWD 130 million on September 25, 2024. A cash consideration of TWD 126.99 million will be paid by Restar Corporation. As part of consideration, TWD 126.99 million is paid towards common equity of Dexerials Taiwan Corporation. For the period ending March 31, 2024, Dexerials Taiwan Corporation reported total revenue of TWD 4.57 billion and EBIT of TWD 202.08 million. As of March 31, 2024, Dexerials Taiwan Corporation reported total assets of TWD 1.75 billion and total common equity of TWD 663.94 million. The transaction is expected to complete on January 1, 2025.
Upcoming Dividend • Sep 20Upcoming dividend of JP¥78.00 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.5%).
お知らせ • Sep 19Dexerials Corporation to Report Q2, 2025 Results on Nov 13, 2024Dexerials Corporation announced that they will report Q2, 2025 results on Nov 13, 2024
Buy Or Sell Opportunity • Sep 13Now 22% overvaluedOver the last 90 days, the stock has fallen 20% to JP¥6,052. The fair value is estimated to be JP¥4,952, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.0% over the last 3 years. Earnings per share has grown by 24%. For the next 3 years, revenue is forecast to grow by 5.7% per annum. Earnings are also forecast to grow by 8.4% per annum over the same time period.
Reported Earnings • Aug 12First quarter 2025 earnings released: EPS: JP¥117 (vs JP¥55.60 in 1Q 2024)First quarter 2025 results: EPS: JP¥117 (up from JP¥55.60 in 1Q 2024). Revenue: JP¥27.2b (up 30% from 1Q 2024). Net income: JP¥6.69b (up 108% from 1Q 2024). Profit margin: 25% (up from 16% in 1Q 2024). 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 7.1% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth.
New Risk • Aug 08New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.9% average weekly change). Shareholders have been diluted in the past year (3.4% increase in shares outstanding).
Buy Or Sell Opportunity • Aug 07Now 24% overvalued after recent price riseOver the last 90 days, the stock has risen 3.5% to JP¥6,121. The fair value is estimated to be JP¥4,948, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 29%. For the next 3 years, revenue is forecast to grow by 6.3% per annum. Earnings are also forecast to grow by 10% per annum over the same time period.
New Risk • Aug 05New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 8.3% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.3% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 27%After last week's 27% share price decline to JP¥5,260, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 12x in the Electronic industry in Japan. Total returns to shareholders of 137% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥4,965 per share.
Declared Dividend • Jul 11Final dividend of JP¥78.00 announcedShareholders will receive a dividend of JP¥78.00. Ex-date: 27th September 2024 Payment date: 2nd December 2024 Dividend yield will be 1.8%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (20% earnings payout ratio) and cash flows (54% cash payout ratio). The dividend has increased by an average of 12% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 36% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Price Target Changed • Jul 09Price target increased by 23% to JP¥6,875Up from JP¥5,583, the current price target is an average from 6 analysts. New target price is 15% below last closing price of JP¥8,104. Stock is up 156% over the past year. The company is forecast to post earnings per share of JP¥451 for next year compared to JP¥369 last year.
お知らせ • Jun 15Dexerials Corporation to Report Q1, 2025 Results on Aug 07, 2024Dexerials Corporation announced that they will report Q1, 2025 results on Aug 07, 2024
Reported Earnings • May 16Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: JP¥369 (up from JP¥351 in FY 2023). Revenue: JP¥105.2b (flat on FY 2023). Net income: JP¥21.4b (up 3.4% from FY 2023). Profit margin: 20% (in line with FY 2023). Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) also surpassed analyst estimates by 5.5%. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • May 15Dexerials Corporation, Annual General Meeting, Jun 25, 2024Dexerials Corporation, Annual General Meeting, Jun 25, 2024.
Upcoming Dividend • Mar 21Upcoming dividend of JP¥65.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 26 June 2024. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.4%).