Espec（6859）株式概要エスペック株式会社は、環境試験装置、エネルギーデバイス装置、半導体関連装置を世界各国で製造・販売しています。 詳細6859 ファンダメンタル分析スノーフレーク・スコア評価3/6将来の成長1/6過去の実績2/6財務の健全性6/6配当金4/6報酬株価収益率（ 13.7 x） JP市場（ 13.8 x）を下回っています。収益は年間7.49%増加すると予測されています 同業他社や業界と比較して、良好な取引価格 リスク分析不安定な配当実績 すべてのリスクチェックを見る6859 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueJP¥Current PriceJP¥3.76k5.6% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture085b2016201920222025202620282031Revenue JP¥84.9bEarnings JP¥7.1bAdvancedSet Fair ValueView all narrativesEspec Corp. 競合他社A&D HOLON Holdings CompanySymbol: TSE:7745Market cap: JP¥75.5bOsaki ElectricSymbol: TSE:6644Market cap: JP¥75.4bNippon AvionicsSymbol: TSE:6946Market cap: JP¥96.6bYashima DenkiSymbol: TSE:3153Market cap: JP¥59.5b価格と性能株価の高値、安値、推移の概要Espec過去の株価現在の株価JP¥3,755.0052週高値JP¥4,120.0052週安値JP¥2,734.00ベータ0.921ヶ月の変化14.31%3ヶ月変化-1.83%1年変化36.35%3年間の変化85.89%5年間の変化80.01%IPOからの変化178.15%最新ニュース分析記事 • May 21Espec's (TSE:6859) Problems Go Beyond Weak ProfitInvestors were disappointed by Espec Corp.'s ( TSE:6859 ) latest earnings release. We did some further digging and...Reported Earnings • May 18Full year 2026 earnings: EPS and revenues exceed analyst expectationsFull year 2026 results: EPS: JP¥270 (down from JP¥275 in FY 2025). Revenue: JP¥70.0b (up 4.1% from FY 2025). Net income: JP¥5.88b (down 2.1% from FY 2025). Profit margin: 8.4% (down from 8.9% in FY 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) also surpassed analyst estimates by 9.3%. Revenue is forecast to grow 3.9% p.a. on average during the next 2 years, compared to a 7.8% 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.お知らせ • May 14Espec Corp., Annual General Meeting, Jun 26, 2026Espec Corp., Annual General Meeting, Jun 26, 2026.お知らせ • Apr 06Espec Corp. to Report Fiscal Year 2026 Results on May 14, 2026Espec Corp. announced that they will report fiscal year 2026 results on May 14, 2026Upcoming Dividend • Mar 23Upcoming dividend of JP¥70.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 23 June 2026. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%).Buy Or Sell Opportunity • Mar 03Now 23% undervaluedOver the last 90 days, the stock has risen 10% to JP¥3,645. The fair value is estimated to be JP¥4,715, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.5% over the last 3 years. Earnings per share has grown by 19%. Revenue is forecast to grow by 10% in 2 years. Earnings are forecast to grow by 28% in the next 2 years.最新情報をもっと見るRecent updates分析記事 • May 21Espec's (TSE:6859) Problems Go Beyond Weak ProfitInvestors were disappointed by Espec Corp.'s ( TSE:6859 ) latest earnings release. We did some further digging and...Reported Earnings • May 18Full year 2026 earnings: EPS and revenues exceed analyst expectationsFull year 2026 results: EPS: JP¥270 (down from JP¥275 in FY 2025). Revenue: JP¥70.0b (up 4.1% from FY 2025). Net income: JP¥5.88b (down 2.1% from FY 2025). Profit margin: 8.4% (down from 8.9% in FY 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) also surpassed analyst estimates by 9.3%. Revenue is forecast to grow 3.9% p.a. on average during the next 2 years, compared to a 7.8% 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.お知らせ • May 14Espec Corp., Annual General Meeting, Jun 26, 2026Espec Corp., Annual General Meeting, Jun 26, 2026.お知らせ • Apr 06Espec Corp. to Report Fiscal Year 2026 Results on May 14, 2026Espec Corp. announced that they will report fiscal year 2026 results on May 14, 2026Upcoming Dividend • Mar 23Upcoming dividend of JP¥70.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 23 June 2026. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%).Buy Or Sell Opportunity • Mar 03Now 23% undervaluedOver the last 90 days, the stock has risen 10% to JP¥3,645. The fair value is estimated to be JP¥4,715, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.5% over the last 3 years. Earnings per share has grown by 19%. Revenue is forecast to grow by 10% in 2 years. Earnings are forecast to grow by 28% in the next 2 years.Reported Earnings • Feb 16Third quarter 2026 earnings released: EPS: JP¥64.65 (vs JP¥63.80 in 3Q 2025)Third quarter 2026 results: EPS: JP¥64.65 (up from JP¥63.80 in 3Q 2025). Revenue: JP¥16.8b (up 6.0% from 3Q 2025). Net income: JP¥1.41b (up 1.1% from 3Q 2025). Profit margin: 8.4% (down from 8.8% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.8% 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 19% per year whereas the company’s share price has increased by 23% per year.分析記事 • Jan 06Espec (TSE:6859) Has Announced That It Will Be Increasing Its Dividend To ¥70.00The board of Espec Corp. ( TSE:6859 ) has announced that it will be paying its dividend of ¥70.00 on the 23rd of June...お知らせ • Jan 06Espec Corp. to Report Q3, 2026 Results on Feb 12, 2026Espec Corp. announced that they will report Q3, 2026 results on Feb 12, 2026分析記事 • Dec 12Espec's (TSE:6859) Upcoming Dividend Will Be Larger Than Last Year'sEspec Corp. ( TSE:6859 ) has announced that it will be increasing its dividend from last year's comparable payment on...Declared Dividend • Dec 12First half dividend of JP¥70.00 announcedShareholders will receive a dividend of JP¥70.00. Ex-date: 30th March 2026 Payment date: 23rd June 2026 Dividend yield will be 3.4%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (42% earnings payout ratio) and cash flows (49% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 47% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Nov 16Second quarter 2026 earnings released: EPS: JP¥82.48 (vs JP¥77.69 in 2Q 2025)Second quarter 2026 results: EPS: JP¥82.48 (up from JP¥77.69 in 2Q 2025). Revenue: JP¥18.0b (up 7.3% from 2Q 2025). Net income: JP¥1.81b (up 6.4% from 2Q 2025). Profit margin: 10.0% (in line with 2Q 2025). Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 6.4% 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 only increased by 17% per year, which means it is significantly lagging earnings growth.お知らせ • Nov 13Espec Corp. (TSE:6859) announces an Equity Buyback for 900,000 shares, representing 4.05% for $3,500 million.Espec Corp. (TSE:6859) announces a share repurchase program. Under the program, the company will repurchase up to 900,000 shares, representing 4.05% of its issued share capital for ¥3,500 million. The shares will be repurchased at a price of ¥3,888.88 per share. The purpose of the program is raising enterprise value is the key element in ensuring improved shareholder returns. The Program is valid till July 31, 2026. As of September 30, 2025, the company has 22,208,030 issued shares excluding treasury shares and 1,573,364 shares in treasury.Upcoming Dividend • Sep 22Upcoming dividend of JP¥45.00 per shareEligible shareholders must have bought the stock before 29 September 2025. Payment date: 10 December 2025. Payout ratio is a comfortable 39% but the company is paying out more than the cash it is generating. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%).分析記事 • Sep 17Espec (TSE:6859) Will Pay A Dividend Of ¥45.00Espec Corp.'s ( TSE:6859 ) investors are due to receive a payment of ¥45.00 per share on 10th of December. This takes...お知らせ • Sep 17Espec Corp. to Report Q2, 2026 Results on Nov 13, 2025Espec Corp. announced that they will report Q2, 2026 results on Nov 13, 2025Reported Earnings • Aug 08First quarter 2026 earnings released: EPS: JP¥4.90 (vs JP¥34.63 in 1Q 2025)First quarter 2026 results: EPS: JP¥4.90 (down from JP¥34.63 in 1Q 2025). Revenue: JP¥12.3b (down 10.0% from 1Q 2025). Net income: JP¥107.0m (down 86% from 1Q 2025). Profit margin: 0.9% (down from 5.5% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.1% 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 31% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.分析記事 • Jul 24Espec (TSE:6859) Is Due To Pay A Dividend Of ¥45.00Espec Corp.'s ( TSE:6859 ) investors are due to receive a payment of ¥45.00 per share on 10th of December. This takes...分析記事 • Jul 09Espec (TSE:6859) Is Due To Pay A Dividend Of ¥45.00Espec Corp. ( TSE:6859 ) will pay a dividend of ¥45.00 on the 10th of December. This makes the dividend yield 3.6...Declared Dividend • Jul 09Final dividend of JP¥45.00 announcedShareholders will receive a dividend of JP¥45.00. Ex-date: 29th September 2025 Payment date: 10th December 2025 Dividend yield will be 3.3%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (35% earnings payout ratio) but not covered by cash flows (111% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. 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 26Espec Corp. to Report Q1, 2026 Results on Aug 07, 2025Espec Corp. announced that they will report Q1, 2026 results on Aug 07, 2025Reported Earnings • Jun 20Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: JP¥275 (up from JP¥228 in FY 2024). Revenue: JP¥67.3b (up 8.3% from FY 2024). Net income: JP¥6.00b (up 21% from FY 2024). Profit margin: 8.9% (up from 8.0% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 3.5%. Revenue is forecast to grow 1.6% 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 37% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.Reported Earnings • May 21Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: JP¥275 (up from JP¥228 in FY 2024). Revenue: JP¥67.3b (up 8.3% from FY 2024). Net income: JP¥6.00b (up 21% from FY 2024). Profit margin: 8.9% (up from 8.0% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 3.5%. Revenue is forecast to grow 2.8% p.a. on average during the next 2 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 37% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.分析記事 • May 16Espec Corp.'s (TSE:6859) Price Is Right But Growth Is Lacking After Shares Rocket 26%Espec Corp. ( TSE:6859 ) shares have had a really impressive month, gaining 26% after a shaky period beforehand...お知らせ • May 15Espec Corp., Annual General Meeting, Jun 20, 2025Espec Corp., Annual General Meeting, Jun 20, 2025.Valuation Update With 7 Day Price Move • May 15Investor sentiment improves as stock rises 17%After last week's 17% share price gain to JP¥2,701, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 12x in the Electronic industry in Japan. Total returns to shareholders of 66% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥4,623 per share.Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to JP¥1,953, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 10x in the Electronic industry in Japan. Total returns to shareholders of 20% over the past three years.分析記事 • Mar 25Espec's (TSE:6859) Upcoming Dividend Will Be Larger Than Last Year'sEspec Corp. ( TSE:6859 ) has announced that it will be increasing its dividend from last year's comparable payment on...Upcoming Dividend • Mar 24Upcoming dividend of JP¥60.00 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 24 June 2025. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.7%).お知らせ • Mar 11+ 1 more updateEspec Corp. Revises Year-End Cash Dividend Guidance for the Fiscal Year Ending March 31, 2025Espec Corp. revised year-end cash dividend guidance for the fiscal year ending March 31, 2025. For the period, the company expects to pay year-end cash dividend of JPY 60.00 per share compared to JPY 45.00 per share forecasted earlier. The company decides dividends in consideration of continuity and consolidated dividend payout ratio, and the company regard the return of profits to shareholders as one of priority management challenges. In light of the Company's results for the revision of the consolidated full-year financial forecast, the Company has decided to increase the year-end dividend by JPY 15 per share to JPY 60.分析記事 • Mar 10Espec (TSE:6859) Is Increasing Its Dividend To ¥60.00Espec Corp. ( TSE:6859 ) has announced that it will be increasing its dividend from last year's comparable payment on...お知らせ • Mar 04Espec Corp. to Report Fiscal Year 2025 Results on May 15, 2025Espec Corp. announced that they will report fiscal year 2025 results on May 15, 2025Reported Earnings • Feb 15Third quarter 2025 earnings released: EPS: JP¥63.80 (vs JP¥65.59 in 3Q 2024)Third quarter 2025 results: EPS: JP¥63.80 (down from JP¥65.59 in 3Q 2024). Revenue: JP¥15.8b (up 6.0% from 3Q 2024). Net income: JP¥1.39b (down 2.7% from 3Q 2024). Profit margin: 8.8% (in line with 3Q 2024). Revenue is forecast to grow 4.5% 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 40% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.Declared Dividend • Dec 11First half dividend of JP¥45.00 announcedShareholders will receive a dividend of JP¥45.00. Ex-date: 28th March 2025 Payment date: 24th June 2025 Dividend yield will be 3.0%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (32% earnings payout ratio) and cash flows (69% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 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.お知らせ • Dec 03Espec Corp. to Report Q3, 2025 Results on Feb 13, 2025Espec Corp. announced that they will report Q3, 2025 results on Feb 13, 2025Reported Earnings • Nov 15Second quarter 2025 earnings released: EPS: JP¥77.68 (vs JP¥49.84 in 2Q 2024)Second quarter 2025 results: EPS: JP¥77.68 (up from JP¥49.84 in 2Q 2024). Revenue: JP¥16.8b (up 12% from 2Q 2024). Net income: JP¥1.70b (up 56% from 2Q 2024). Profit margin: 10% (up from 7.3% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.0% 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 43% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.Price Target Changed • Oct 25Price target increased by 11% to JP¥4,000Up from JP¥3,600, the current price target is an average from 2 analysts. New target price is 56% above last closing price of JP¥2,559. Stock is up 16% over the past year. The company is forecast to post earnings per share of JP¥249 for next year compared to JP¥228 last year.Upcoming Dividend • Sep 20Upcoming dividend of JP¥35.00 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 11 December 2024. Payout ratio is a comfortable 32% but the company is paying out more than the cash it is generating. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.5%).分析記事 • Aug 29Espec (TSE:6859) Has Announced A Dividend Of ¥35.00The board of Espec Corp. ( TSE:6859 ) has announced that it will pay a dividend on the 11th of December, with investors...お知らせ • Aug 28Espec Corp. to Report Q2, 2025 Results on Nov 12, 2024Espec Corp. announced that they will report Q2, 2025 results on Nov 12, 2024分析記事 • Aug 05Investors Give Espec Corp. (TSE:6859) Shares A 30% HidingThe Espec Corp. ( TSE:6859 ) share price has fared very poorly over the last month, falling by a substantial 30%. The...New Risk • Aug 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.5% 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 Dividend is not well covered by cash flows (351% cash payout ratio). Share price has been volatile over the past 3 months (6.5% average weekly change).Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 24%After last week's 24% share price decline to JP¥2,147, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 12x in the Electronic industry in Japan. Total returns to shareholders of 5.7% over the past three years.分析記事 • Jul 26Espec (TSE:6859) Will Pay A Dividend Of ¥35.00Espec Corp.'s ( TSE:6859 ) investors are due to receive a payment of ¥35.00 per share on 11th of December. This will...分析記事 • Jul 11Espec (TSE:6859) Will Pay A Dividend Of ¥35.00Espec Corp. ( TSE:6859 ) will pay a dividend of ¥35.00 on the 11th of December. This makes the dividend yield 2.6...Declared Dividend • Jul 11Final dividend of JP¥35.00 announcedShareholders will receive a dividend of JP¥35.00. Ex-date: 27th September 2024 Payment date: 11th December 2024 Dividend yield will be 2.8%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (32% earnings payout ratio) but not covered by cash flows (351% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 22% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Buy Or Sell Opportunity • Jul 02Now 21% undervaluedOver the last 90 days, the stock has risen 4.5% to JP¥3,130. The fair value is estimated to be JP¥3,953, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 40%. For the next 3 years, revenue is forecast to grow by 4.9% per annum. Earnings are also forecast to grow by 6.8% per annum over the same time period.お知らせ • Jun 30Espec Corp. to Report Q1, 2025 Results on Aug 08, 2024Espec Corp. announced that they will report Q1, 2025 results on Aug 08, 2024Reported Earnings • Jun 28Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: JP¥228 (up from JP¥150 in FY 2023). Revenue: JP¥62.1b (up 18% from FY 2023). Net income: JP¥4.97b (up 49% from FY 2023). Profit margin: 8.0% (up from 6.3% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.7%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Revenue is forecast to grow 4.9% 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 40% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.お知らせ • May 29Espec Corp. Proposes Dividend for the Fiscal Year Ended March 31, 2024, Effective June 24, 2024ESPEC CORP. announced that it has resolved, at a meeting of the Board of Directors held on May 15, 2024, to pay dividends of surplus with a record date of March 31, 2024. Details of dividend:Record date is March 31, 2024; Dividend per share of JPY 50.00 as compared to dividend of JPY 43.00 per share a year ago. Total amount of dividends: JPY 1,103 million; Effective date is June 24, 2024; Source of dividends: Retained earnings. The Company plans to submit this proposal to the Ordinary General Meeting of Shareholders scheduled for June 21, 2024.Major Estimate Revision • May 29Consensus EPS estimates increase by 13%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from JP¥62.5b to JP¥67.0b. EPS estimate increased from JP¥222 to JP¥252 per share. Net income forecast to grow 11% next year vs 13% growth forecast for Electronic industry in Japan. Consensus price target up from JP¥3,600 to JP¥3,850. Share price was steady at JP¥3,180 over the past week.Reported Earnings • May 21Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: JP¥228 (up from JP¥150 in FY 2023). Revenue: JP¥62.1b (up 18% from FY 2023). Net income: JP¥4.97b (up 49% from FY 2023). Profit margin: 8.0% (up from 6.3% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.7%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Revenue is forecast to grow 3.2% p.a. on average during the next 2 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 40% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.New Risk • May 21New major risk - Revenue and earnings growthEarnings have declined by 1.5% per year over the past 5 years. 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 declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. 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 have declined by 1.5% per year over the past 5 years. Minor Risk Paying a dividend despite having no free cash flows.お知らせ • May 17Espec Corp., Annual General Meeting, Jun 21, 2024Espec Corp., Annual General Meeting, Jun 21, 2024.Buy Or Sell Opportunity • May 02Now 21% undervaluedOver the last 90 days, the stock has risen 15% to JP¥2,930. The fair value is estimated to be JP¥3,687, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 38%. Revenue is forecast to grow by 11% in 2 years. Earnings are forecast to grow by 12% in the next 2 years.Buy Or Sell Opportunity • Apr 17Now 21% undervaluedOver the last 90 days, the stock has risen 16% to JP¥2,935. The fair value is estimated to be JP¥3,718, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 38%. Revenue is forecast to grow by 11% in 2 years. Earnings are forecast to grow by 12% in the next 2 years.Upcoming Dividend • Mar 21Upcoming dividend of JP¥45.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 26 June 2024. Payout ratio is a comfortable 32% but the company is not cash flow positive. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.4%).Price Target Changed • Mar 14Price target increased by 13% to JP¥3,600Up from JP¥3,200, the current price target is an average from 2 analysts. New target price is 29% above last closing price of JP¥2,785. Stock is up 40% over the past year. The company is forecast to post earnings per share of JP¥201 for next year compared to JP¥150 last year.Buy Or Sell Opportunity • Mar 11Now 21% undervaluedOver the last 90 days, the stock has risen 25% to JP¥2,830. The fair value is estimated to be JP¥3,564, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 38%. Revenue is forecast to grow by 11% in 2 years. Earnings are forecast to grow by 11% in the next 2 years.お知らせ • Mar 02Espec Corp. to Report Fiscal Year 2024 Results on May 15, 2024Espec Corp. announced that they will report fiscal year 2024 results on May 15, 2024お知らせ • Feb 20Espec Corp. Provides Dividend Guidance for the Fiscal Year Ending March 31, 2024Espec Corp. provided dividend guidance for the fiscal year ending March 31, 2024. For the year ending, company expects to pay dividend of JPY 45.00 per share against JPY 43.00 per share for the previous period.Reported Earnings • Feb 14Third quarter 2024 earnings released: EPS: JP¥65.59 (vs JP¥32.88 in 3Q 2023)Third quarter 2024 results: EPS: JP¥65.59 (up from JP¥32.88 in 3Q 2023). Revenue: JP¥14.9b (up 15% from 3Q 2023). Net income: JP¥1.43b (up 98% from 3Q 2023). Profit margin: 9.6% (up from 5.6% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.Buy Or Sell Opportunity • Jan 29Now 20% undervaluedOver the last 90 days, the stock has risen 15% to JP¥2,535. The fair value is estimated to be JP¥3,173, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 30%. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to grow by 26% in the next 2 years.お知らせ • Dec 07Espec Corp. to Report First Half, 2024 Results on Dec 06, 2023Espec Corp. announced that they will report first half, 2024 results on Dec 06, 2023お知らせ • Nov 30Espec Corp. to Report Q3, 2024 Results on Feb 13, 2024Espec Corp. announced that they will report Q3, 2024 results on Feb 13, 2024お知らせ • Nov 18Espec Corp. Announces Dividend for the Second Quarter End of Fiscal Year 2024, Commences Dividend Payments on December 11, 2023Espec Corp. announced dividend of JPY 25 per share for the second quarter end of fiscal year 2024. Scheduled date to commence dividend payments on December 11, 2023.Reported Earnings • Nov 12Second quarter 2024 earnings released: EPS: JP¥49.83 (vs JP¥46.70 in 2Q 2023)Second quarter 2024 results: EPS: JP¥49.83 (up from JP¥46.70 in 2Q 2023). Revenue: JP¥15.0b (up 5.4% from 2Q 2023). Net income: JP¥1.09b (up 4.0% from 2Q 2023). Profit margin: 7.3% (down from 7.4% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.0% 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 30% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Sep 21Upcoming dividend of JP¥25.00 per share at 3.0% yieldEligible shareholders must have bought the stock before 28 September 2023. Payment date: 12 December 2023. Payout ratio is a comfortable 36% but the company is paying out more than the cash it is generating. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.4%).お知らせ • Aug 31Espec Corp. to Report Q2, 2024 Results on Nov 10, 2023Espec Corp. announced that they will report Q2, 2024 results on Nov 10, 2023Reported Earnings • Aug 10First quarter 2024 earnings released: EPS: JP¥25.88 (vs JP¥2.77 loss in 1Q 2023)First quarter 2024 results: EPS: JP¥25.88 (up from JP¥2.77 loss in 1Q 2023). Revenue: JP¥12.3b (up 41% from 1Q 2023). Net income: JP¥565.0m (up JP¥627.0m from 1Q 2023). Profit margin: 4.6% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.Buying Opportunity • Aug 09Now 21% undervaluedOver the last 90 days, the stock is up 13%. The fair value is estimated to be JP¥2,893, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.5% over the last 3 years. Earnings per share has grown by 7.9%. For the next 3 years, revenue is forecast to grow by 5.8% per annum. Earnings is also forecast to grow by 11% per annum over the same time period.Price Target Changed • Jul 14Price target increased by 7.4% to JP¥2,900Up from JP¥2,700, the current price target is an average from 2 analysts. New target price is 27% above last closing price of JP¥2,281. Stock is up 29% over the past year. The company is forecast to post earnings per share of JP¥179 for next year compared to JP¥150 last year.Reported Earnings • May 18Full year 2023 earnings: EPS and revenues exceed analyst expectationsFull year 2023 results: EPS: JP¥150 (up from JP¥84.84 in FY 2022). Revenue: JP¥52.9b (up 26% from FY 2022). Net income: JP¥3.33b (up 75% from FY 2022). Profit margin: 6.3% (up from 4.6% in FY 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) also surpassed analyst estimates by 15%. Revenue is forecast to grow 5.1% p.a. on average during the next 2 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 8% per year whereas the company’s share price has increased by 6% per year.お知らせ • May 17Espec Corp., Annual General Meeting, Jun 23, 2023Espec Corp., Annual General Meeting, Jun 23, 2023.Upcoming Dividend • Mar 23Upcoming dividend of JP¥45.00 per share at 3.3% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 26 June 2023. Payout ratio is a comfortable 51% but the company is paying out more than the cash it is generating. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%).Price Target Changed • Feb 21Price target increased by 9.8% to JP¥2,800Up from JP¥2,550, the current price target is an average from 2 analysts. New target price is 40% above last closing price of JP¥1,998. Stock is up 0.9% over the past year. The company is forecast to post earnings per share of JP¥148 for next year compared to JP¥84.84 last year.お知らせ • Feb 17+ 2 more updatesEspec Corp. Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2023Espec Corp. provided consolidated earnings guidance for the fiscal year ending March 31, 2023. For the period, the company expects net sales to be JPY 52,000 million, operating profit to be JPY 4,000 million, profit attributable to owners of the parent to be JPY 2,900 million, basic earnings per share to be JPY 129.50.Reported Earnings • Feb 14Third quarter 2023 earnings released: EPS: JP¥32.87 (vs JP¥27.00 in 3Q 2022)Third quarter 2023 results: EPS: JP¥32.87 (up from JP¥27.00 in 3Q 2022). Revenue: JP¥13.0b (up 23% from 3Q 2022). Net income: JP¥724.0m (up 20% from 3Q 2022). Profit margin: 5.6% (down from 5.7% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.お知らせ • Dec 28Espec Corp. to Report Q3, 2023 Results on Feb 13, 2023Espec Corp. announced that they will report Q3, 2023 results on Feb 13, 2023お知らせ • Nov 23+ 1 more updateEspec Corp. Declares Commemorative Dividend for the Second Quarter Ended September 30, 2022, Payable on December 12, 2022; Provides Commemorative Dividend Guidance for the Fiscal Year Ending March 31, 2023Espec Corp. declared commemorative dividend of JPY 2 per share for second quarter ended September 30, 2022, payable on December 12, 2022.The company provided commemorative dividend guidance for the fiscal year ending March 31, 2023, for the period, the company expects commemorative dividend to be JPY 2 per share.Board Change • Nov 16Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 2 independent directors. 7 non-independent directors. Independent Outside Director Kazuo Hirata was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.Reported Earnings • Nov 13Second quarter 2023 earnings released: EPS: JP¥46.70 (vs JP¥11.35 in 2Q 2022)Second quarter 2023 results: EPS: JP¥46.70 (up from JP¥11.35 in 2Q 2022). Revenue: JP¥14.2b (up 49% from 2Q 2022). Net income: JP¥1.05b (up 312% from 2Q 2022). Profit margin: 7.4% (up from 2.7% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.4% 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 fallen by 23% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.お知らせ • Nov 12Espec Corp. (TSE:6859) announces an Equity Buyback for 680,000 shares, representing 3.02% for ¥1,324.64 million.Espec Corp. (TSE:6859) announces a share repurchase program. Under the program, the company will repurchase up to 680,000 shares, representing 3.02% of its issued share capital for ¥1,324.64 million. The shares will be repurchased at a price of ¥ 1,948 per share. The purpose of the program is to implement agile capital policy in response to changes in the corporate environment. As of September 30, 2022, the company has 22,549,321 issued shares and 1,232,073 shares in treasury.お知らせ • Nov 10Espec Corp. Revises Consolidated Earnings Guidance for the Six Months Ended September 30, 2022 and for the Fiscal Year Ending March 31, 2023Espec Corp. revises consolidated earnings guidance for the six months ended September 30, 2022 and for the fiscal year ending March 31, 2023. For the six months, the company now expects net sales to be JPY 22,900 million, Operating profit to be JPY 1,400 million, Profit attributable to owners of parent to be JPY 980 million or JPY 43.78 per basic share, against previous forecast of net sales of JPY 23,500 million, Operating profit of JPY 1,950 million, Profit attributable to owners of parent of JPY 1,300 million or JPY 58.11 per basic share.For the full year, the company now expects net sales to be JPY 52,000 million, Operating profit to be JPY 4,000 million, Profit attributable to owners of parent to be JPY 2,900 million or JPY 129.50 per basic share, against previous forecast of net sales of JPY 50,000 million, Operating profit of JPY 5,000 million, Profit attributable to owners of parent of JPY 3,600 million or JPY 160.92 per basic share.Upcoming Dividend • Sep 22Upcoming dividend of JP¥24.00 per shareEligible shareholders must have bought the stock before 29 September 2022. Payment date: 12 December 2022. Payout ratio is a comfortable 72% 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 (1.6%).お知らせ • Sep 09Espec Corp. (TSE:6859) agreed to acquire Environmental Test Equipment Business of Hitachi-Johnson Controls Air Conditioning, Inc.Espec Corp. (TSE:6859) agreed to acquire Environmental Test Equipment Business of Hitachi-Johnson Controls Air Conditioning, Inc on September 8, 2022.お知らせ • Aug 31Espec Corp. to Report Q2, 2023 Results on Nov 11, 2022Espec Corp. announced that they will report Q2, 2023 results on Nov 11, 2022お知らせ • Aug 22+ 1 more updateEspec Corp. Provides Dividend Guidance for the Second Quarter-End and for the Full Year of Fiscal Year Ending March 31, 2023Espec Corp. provided dividend guidance for the second quarter-end and for the full year of fiscal year ending March 31, 2023. For the second quarter ending September 30, 2022, the company expects to pay dividend of JPY 24.00 per share against JPY 18.00 per share paid for the same period a year ago. Components of the interim dividend: Ordinary dividend – JPY 22; Commemorative dividend – JPY 2.For the full year ending March 31, 2023, the company expects to pay year-end dividend of JPY 45.00 per share against JPY 42.00 per share paid for the same period a year ago. Components of the year-end dividend: Ordinary dividend – JPY 43; Commemorative dividend – JPY 2.Reported Earnings • Aug 11First quarter 2023 earnings released: JP¥2.77 loss per share (vs JP¥1.06 loss in 1Q 2022)First quarter 2023 results: JP¥2.77 loss per share (down from JP¥1.06 loss in 1Q 2022). Revenue: JP¥8.73b (up 8.4% from 1Q 2022). Net loss: JP¥62.0m (loss widened 158% from 1Q 2022). Over the next year, revenue is forecast to grow 19%, compared to a 9.6% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has remained flat, which means it is well ahead of earnings.お知らせ • Jun 05Espec Corp. to Report Q1, 2023 Results on Aug 09, 2022Espec Corp. announced that they will report Q1, 2023 results on Aug 09, 2022お知らせ • May 31+ 3 more updatesEspec Corp. Announces Year-End Cash Dividend for the Fiscal Year Ended March 31, 2022, Payable on June 24, 2022Espec Corp. announced year-end cash dividend of JP 42.00 per share for the fiscal year ended March 31, 2022 compared to JP 41.00 per share paid a year ago. Scheduled date to commence dividend payments is June 24, 2022.株主還元6859JP ElectronicJP 市場7D14.0%12.5%2.7%1Y36.3%96.1%42.1%株主還元を見る業界別リターン: 6859過去 1 年間で96.1 % の収益を上げたJP Electronic業界を下回りました。リターン対市場: 6859は、過去 1 年間で42.1 % のリターンを上げたJP市場を下回りました。価格変動Is 6859's price volatile compared to industry and market?6859 volatility6859 Average Weekly Movement6.1%Electronic Industry Average Movement6.9%Market Average Movement4.9%10% most volatile stocks in JP Market9.7%10% least volatile stocks in JP Market2.5%安定した株価: 6859 、 JP市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: 6859の 週次ボラティリティ ( 6% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト19471,860Satoshi Aratawww.espec.co.jpエスペックコーポレーションは、環境試験装置、エネルギー装置、半導体関連装置を世界中で製造・販売している。事業セグメントは3つ：装置事業、サービス事業、その他事業。温湿度恒温槽、高速サーマルサイクルチャンバー、サーマルショックチャンバー、恒温槽、ネットワーク製品などを提供。また、二次電池関連機器、計測・評価システム、半導体関連機器、検査機器、HALT・HASSシステム、室内農場・生育室なども提供している。さらに、ラボ試験やコンサルティングサービス、計測機器の校正サービスも提供している。さらに、環境試験装置のレンタルと再販にも携わっている。同社は1947年に設立され、大阪に本社を置く。もっと見るEspec Corp. 基礎のまとめEspec の収益と売上を時価総額と比較するとどうか。6859 基礎統計学時価総額JP¥82.11b収益（TTM）JP¥5.88b売上高(TTM)JP¥70.03b13.7xPER（株価収益率1.2xP/Sレシオ6859 は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計6859 損益計算書（TTM）収益JP¥70.03b売上原価JP¥45.74b売上総利益JP¥24.30bその他の費用JP¥18.42b収益JP¥5.88b直近の収益報告Mar 31, 2026次回決算日該当なし一株当たり利益（EPS）273.86グロス・マージン34.69%純利益率8.39%有利子負債／自己資本比率1.0%6859 の長期的なパフォーマンスは？過去の実績と比較を見る配当金3.1%現在の配当利回り42%配当性向6859 配当は確実ですか？6859 配当履歴とベンチマークを見る6859 、いつまでに購入すれば配当金を受け取れますか？Espec 配当日配当落ち日Mar 30 2026配当支払日Jun 29 2026配当落ちまでの日数58 days配当支払日までの日数33 days6859 配当は確実ですか？6859 配当履歴とベンチマークを見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/27 07:58終値2026/05/27 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本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Espec Corp. 3 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。5 アナリスト機関Junji OkawaDaiwa Securities Co. Ltd.Natsuko DouglasHaitong International Research LimitedKoichi HariyaIchiyoshi Research Institute Inc.2 その他のアナリストを表示
分析記事 • May 21Espec's (TSE:6859) Problems Go Beyond Weak ProfitInvestors were disappointed by Espec Corp.'s ( TSE:6859 ) latest earnings release. We did some further digging and...
Reported Earnings • May 18Full year 2026 earnings: EPS and revenues exceed analyst expectationsFull year 2026 results: EPS: JP¥270 (down from JP¥275 in FY 2025). Revenue: JP¥70.0b (up 4.1% from FY 2025). Net income: JP¥5.88b (down 2.1% from FY 2025). Profit margin: 8.4% (down from 8.9% in FY 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) also surpassed analyst estimates by 9.3%. Revenue is forecast to grow 3.9% p.a. on average during the next 2 years, compared to a 7.8% 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.
お知らせ • May 14Espec Corp., Annual General Meeting, Jun 26, 2026Espec Corp., Annual General Meeting, Jun 26, 2026.
お知らせ • Apr 06Espec Corp. to Report Fiscal Year 2026 Results on May 14, 2026Espec Corp. announced that they will report fiscal year 2026 results on May 14, 2026
Upcoming Dividend • Mar 23Upcoming dividend of JP¥70.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 23 June 2026. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%).
Buy Or Sell Opportunity • Mar 03Now 23% undervaluedOver the last 90 days, the stock has risen 10% to JP¥3,645. The fair value is estimated to be JP¥4,715, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.5% over the last 3 years. Earnings per share has grown by 19%. Revenue is forecast to grow by 10% in 2 years. Earnings are forecast to grow by 28% in the next 2 years.
分析記事 • May 21Espec's (TSE:6859) Problems Go Beyond Weak ProfitInvestors were disappointed by Espec Corp.'s ( TSE:6859 ) latest earnings release. We did some further digging and...
Reported Earnings • May 18Full year 2026 earnings: EPS and revenues exceed analyst expectationsFull year 2026 results: EPS: JP¥270 (down from JP¥275 in FY 2025). Revenue: JP¥70.0b (up 4.1% from FY 2025). Net income: JP¥5.88b (down 2.1% from FY 2025). Profit margin: 8.4% (down from 8.9% in FY 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) also surpassed analyst estimates by 9.3%. Revenue is forecast to grow 3.9% p.a. on average during the next 2 years, compared to a 7.8% 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.
お知らせ • May 14Espec Corp., Annual General Meeting, Jun 26, 2026Espec Corp., Annual General Meeting, Jun 26, 2026.
お知らせ • Apr 06Espec Corp. to Report Fiscal Year 2026 Results on May 14, 2026Espec Corp. announced that they will report fiscal year 2026 results on May 14, 2026
Upcoming Dividend • Mar 23Upcoming dividend of JP¥70.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 23 June 2026. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%).
Buy Or Sell Opportunity • Mar 03Now 23% undervaluedOver the last 90 days, the stock has risen 10% to JP¥3,645. The fair value is estimated to be JP¥4,715, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.5% over the last 3 years. Earnings per share has grown by 19%. Revenue is forecast to grow by 10% in 2 years. Earnings are forecast to grow by 28% in the next 2 years.
Reported Earnings • Feb 16Third quarter 2026 earnings released: EPS: JP¥64.65 (vs JP¥63.80 in 3Q 2025)Third quarter 2026 results: EPS: JP¥64.65 (up from JP¥63.80 in 3Q 2025). Revenue: JP¥16.8b (up 6.0% from 3Q 2025). Net income: JP¥1.41b (up 1.1% from 3Q 2025). Profit margin: 8.4% (down from 8.8% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.8% 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 19% per year whereas the company’s share price has increased by 23% per year.
分析記事 • Jan 06Espec (TSE:6859) Has Announced That It Will Be Increasing Its Dividend To ¥70.00The board of Espec Corp. ( TSE:6859 ) has announced that it will be paying its dividend of ¥70.00 on the 23rd of June...
お知らせ • Jan 06Espec Corp. to Report Q3, 2026 Results on Feb 12, 2026Espec Corp. announced that they will report Q3, 2026 results on Feb 12, 2026
分析記事 • Dec 12Espec's (TSE:6859) Upcoming Dividend Will Be Larger Than Last Year'sEspec Corp. ( TSE:6859 ) has announced that it will be increasing its dividend from last year's comparable payment on...
Declared Dividend • Dec 12First half dividend of JP¥70.00 announcedShareholders will receive a dividend of JP¥70.00. Ex-date: 30th March 2026 Payment date: 23rd June 2026 Dividend yield will be 3.4%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (42% earnings payout ratio) and cash flows (49% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 47% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Nov 16Second quarter 2026 earnings released: EPS: JP¥82.48 (vs JP¥77.69 in 2Q 2025)Second quarter 2026 results: EPS: JP¥82.48 (up from JP¥77.69 in 2Q 2025). Revenue: JP¥18.0b (up 7.3% from 2Q 2025). Net income: JP¥1.81b (up 6.4% from 2Q 2025). Profit margin: 10.0% (in line with 2Q 2025). Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 6.4% 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 only increased by 17% per year, which means it is significantly lagging earnings growth.
お知らせ • Nov 13Espec Corp. (TSE:6859) announces an Equity Buyback for 900,000 shares, representing 4.05% for $3,500 million.Espec Corp. (TSE:6859) announces a share repurchase program. Under the program, the company will repurchase up to 900,000 shares, representing 4.05% of its issued share capital for ¥3,500 million. The shares will be repurchased at a price of ¥3,888.88 per share. The purpose of the program is raising enterprise value is the key element in ensuring improved shareholder returns. The Program is valid till July 31, 2026. As of September 30, 2025, the company has 22,208,030 issued shares excluding treasury shares and 1,573,364 shares in treasury.
Upcoming Dividend • Sep 22Upcoming dividend of JP¥45.00 per shareEligible shareholders must have bought the stock before 29 September 2025. Payment date: 10 December 2025. Payout ratio is a comfortable 39% but the company is paying out more than the cash it is generating. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%).
分析記事 • Sep 17Espec (TSE:6859) Will Pay A Dividend Of ¥45.00Espec Corp.'s ( TSE:6859 ) investors are due to receive a payment of ¥45.00 per share on 10th of December. This takes...
お知らせ • Sep 17Espec Corp. to Report Q2, 2026 Results on Nov 13, 2025Espec Corp. announced that they will report Q2, 2026 results on Nov 13, 2025
Reported Earnings • Aug 08First quarter 2026 earnings released: EPS: JP¥4.90 (vs JP¥34.63 in 1Q 2025)First quarter 2026 results: EPS: JP¥4.90 (down from JP¥34.63 in 1Q 2025). Revenue: JP¥12.3b (down 10.0% from 1Q 2025). Net income: JP¥107.0m (down 86% from 1Q 2025). Profit margin: 0.9% (down from 5.5% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.1% 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 31% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.
分析記事 • Jul 24Espec (TSE:6859) Is Due To Pay A Dividend Of ¥45.00Espec Corp.'s ( TSE:6859 ) investors are due to receive a payment of ¥45.00 per share on 10th of December. This takes...
分析記事 • Jul 09Espec (TSE:6859) Is Due To Pay A Dividend Of ¥45.00Espec Corp. ( TSE:6859 ) will pay a dividend of ¥45.00 on the 10th of December. This makes the dividend yield 3.6...
Declared Dividend • Jul 09Final dividend of JP¥45.00 announcedShareholders will receive a dividend of JP¥45.00. Ex-date: 29th September 2025 Payment date: 10th December 2025 Dividend yield will be 3.3%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (35% earnings payout ratio) but not covered by cash flows (111% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. 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 26Espec Corp. to Report Q1, 2026 Results on Aug 07, 2025Espec Corp. announced that they will report Q1, 2026 results on Aug 07, 2025
Reported Earnings • Jun 20Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: JP¥275 (up from JP¥228 in FY 2024). Revenue: JP¥67.3b (up 8.3% from FY 2024). Net income: JP¥6.00b (up 21% from FY 2024). Profit margin: 8.9% (up from 8.0% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 3.5%. Revenue is forecast to grow 1.6% 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 37% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.
Reported Earnings • May 21Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: JP¥275 (up from JP¥228 in FY 2024). Revenue: JP¥67.3b (up 8.3% from FY 2024). Net income: JP¥6.00b (up 21% from FY 2024). Profit margin: 8.9% (up from 8.0% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 3.5%. Revenue is forecast to grow 2.8% p.a. on average during the next 2 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 37% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.
分析記事 • May 16Espec Corp.'s (TSE:6859) Price Is Right But Growth Is Lacking After Shares Rocket 26%Espec Corp. ( TSE:6859 ) shares have had a really impressive month, gaining 26% after a shaky period beforehand...
お知らせ • May 15Espec Corp., Annual General Meeting, Jun 20, 2025Espec Corp., Annual General Meeting, Jun 20, 2025.
Valuation Update With 7 Day Price Move • May 15Investor sentiment improves as stock rises 17%After last week's 17% share price gain to JP¥2,701, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 12x in the Electronic industry in Japan. Total returns to shareholders of 66% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥4,623 per share.
Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to JP¥1,953, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 10x in the Electronic industry in Japan. Total returns to shareholders of 20% over the past three years.
分析記事 • Mar 25Espec's (TSE:6859) Upcoming Dividend Will Be Larger Than Last Year'sEspec Corp. ( TSE:6859 ) has announced that it will be increasing its dividend from last year's comparable payment on...
Upcoming Dividend • Mar 24Upcoming dividend of JP¥60.00 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 24 June 2025. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.7%).
お知らせ • Mar 11+ 1 more updateEspec Corp. Revises Year-End Cash Dividend Guidance for the Fiscal Year Ending March 31, 2025Espec Corp. revised year-end cash dividend guidance for the fiscal year ending March 31, 2025. For the period, the company expects to pay year-end cash dividend of JPY 60.00 per share compared to JPY 45.00 per share forecasted earlier. The company decides dividends in consideration of continuity and consolidated dividend payout ratio, and the company regard the return of profits to shareholders as one of priority management challenges. In light of the Company's results for the revision of the consolidated full-year financial forecast, the Company has decided to increase the year-end dividend by JPY 15 per share to JPY 60.
分析記事 • Mar 10Espec (TSE:6859) Is Increasing Its Dividend To ¥60.00Espec Corp. ( TSE:6859 ) has announced that it will be increasing its dividend from last year's comparable payment on...
お知らせ • Mar 04Espec Corp. to Report Fiscal Year 2025 Results on May 15, 2025Espec Corp. announced that they will report fiscal year 2025 results on May 15, 2025
Reported Earnings • Feb 15Third quarter 2025 earnings released: EPS: JP¥63.80 (vs JP¥65.59 in 3Q 2024)Third quarter 2025 results: EPS: JP¥63.80 (down from JP¥65.59 in 3Q 2024). Revenue: JP¥15.8b (up 6.0% from 3Q 2024). Net income: JP¥1.39b (down 2.7% from 3Q 2024). Profit margin: 8.8% (in line with 3Q 2024). Revenue is forecast to grow 4.5% 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 40% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
Declared Dividend • Dec 11First half dividend of JP¥45.00 announcedShareholders will receive a dividend of JP¥45.00. Ex-date: 28th March 2025 Payment date: 24th June 2025 Dividend yield will be 3.0%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (32% earnings payout ratio) and cash flows (69% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 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.
お知らせ • Dec 03Espec Corp. to Report Q3, 2025 Results on Feb 13, 2025Espec Corp. announced that they will report Q3, 2025 results on Feb 13, 2025
Reported Earnings • Nov 15Second quarter 2025 earnings released: EPS: JP¥77.68 (vs JP¥49.84 in 2Q 2024)Second quarter 2025 results: EPS: JP¥77.68 (up from JP¥49.84 in 2Q 2024). Revenue: JP¥16.8b (up 12% from 2Q 2024). Net income: JP¥1.70b (up 56% from 2Q 2024). Profit margin: 10% (up from 7.3% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.0% 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 43% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Oct 25Price target increased by 11% to JP¥4,000Up from JP¥3,600, the current price target is an average from 2 analysts. New target price is 56% above last closing price of JP¥2,559. Stock is up 16% over the past year. The company is forecast to post earnings per share of JP¥249 for next year compared to JP¥228 last year.
Upcoming Dividend • Sep 20Upcoming dividend of JP¥35.00 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 11 December 2024. Payout ratio is a comfortable 32% but the company is paying out more than the cash it is generating. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.5%).
分析記事 • Aug 29Espec (TSE:6859) Has Announced A Dividend Of ¥35.00The board of Espec Corp. ( TSE:6859 ) has announced that it will pay a dividend on the 11th of December, with investors...
お知らせ • Aug 28Espec Corp. to Report Q2, 2025 Results on Nov 12, 2024Espec Corp. announced that they will report Q2, 2025 results on Nov 12, 2024
分析記事 • Aug 05Investors Give Espec Corp. (TSE:6859) Shares A 30% HidingThe Espec Corp. ( TSE:6859 ) share price has fared very poorly over the last month, falling by a substantial 30%. The...
New Risk • Aug 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.5% 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 Dividend is not well covered by cash flows (351% cash payout ratio). Share price has been volatile over the past 3 months (6.5% average weekly change).
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 24%After last week's 24% share price decline to JP¥2,147, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 12x in the Electronic industry in Japan. Total returns to shareholders of 5.7% over the past three years.
分析記事 • Jul 26Espec (TSE:6859) Will Pay A Dividend Of ¥35.00Espec Corp.'s ( TSE:6859 ) investors are due to receive a payment of ¥35.00 per share on 11th of December. This will...
分析記事 • Jul 11Espec (TSE:6859) Will Pay A Dividend Of ¥35.00Espec Corp. ( TSE:6859 ) will pay a dividend of ¥35.00 on the 11th of December. This makes the dividend yield 2.6...
Declared Dividend • Jul 11Final dividend of JP¥35.00 announcedShareholders will receive a dividend of JP¥35.00. Ex-date: 27th September 2024 Payment date: 11th December 2024 Dividend yield will be 2.8%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (32% earnings payout ratio) but not covered by cash flows (351% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 22% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Buy Or Sell Opportunity • Jul 02Now 21% undervaluedOver the last 90 days, the stock has risen 4.5% to JP¥3,130. The fair value is estimated to be JP¥3,953, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 40%. For the next 3 years, revenue is forecast to grow by 4.9% per annum. Earnings are also forecast to grow by 6.8% per annum over the same time period.
お知らせ • Jun 30Espec Corp. to Report Q1, 2025 Results on Aug 08, 2024Espec Corp. announced that they will report Q1, 2025 results on Aug 08, 2024
Reported Earnings • Jun 28Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: JP¥228 (up from JP¥150 in FY 2023). Revenue: JP¥62.1b (up 18% from FY 2023). Net income: JP¥4.97b (up 49% from FY 2023). Profit margin: 8.0% (up from 6.3% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.7%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Revenue is forecast to grow 4.9% 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 40% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.
お知らせ • May 29Espec Corp. Proposes Dividend for the Fiscal Year Ended March 31, 2024, Effective June 24, 2024ESPEC CORP. announced that it has resolved, at a meeting of the Board of Directors held on May 15, 2024, to pay dividends of surplus with a record date of March 31, 2024. Details of dividend:Record date is March 31, 2024; Dividend per share of JPY 50.00 as compared to dividend of JPY 43.00 per share a year ago. Total amount of dividends: JPY 1,103 million; Effective date is June 24, 2024; Source of dividends: Retained earnings. The Company plans to submit this proposal to the Ordinary General Meeting of Shareholders scheduled for June 21, 2024.
Major Estimate Revision • May 29Consensus EPS estimates increase by 13%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from JP¥62.5b to JP¥67.0b. EPS estimate increased from JP¥222 to JP¥252 per share. Net income forecast to grow 11% next year vs 13% growth forecast for Electronic industry in Japan. Consensus price target up from JP¥3,600 to JP¥3,850. Share price was steady at JP¥3,180 over the past week.
Reported Earnings • May 21Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: JP¥228 (up from JP¥150 in FY 2023). Revenue: JP¥62.1b (up 18% from FY 2023). Net income: JP¥4.97b (up 49% from FY 2023). Profit margin: 8.0% (up from 6.3% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.7%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Revenue is forecast to grow 3.2% p.a. on average during the next 2 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 40% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.
New Risk • May 21New major risk - Revenue and earnings growthEarnings have declined by 1.5% per year over the past 5 years. 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 declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. 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 have declined by 1.5% per year over the past 5 years. Minor Risk Paying a dividend despite having no free cash flows.
お知らせ • May 17Espec Corp., Annual General Meeting, Jun 21, 2024Espec Corp., Annual General Meeting, Jun 21, 2024.
Buy Or Sell Opportunity • May 02Now 21% undervaluedOver the last 90 days, the stock has risen 15% to JP¥2,930. The fair value is estimated to be JP¥3,687, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 38%. Revenue is forecast to grow by 11% in 2 years. Earnings are forecast to grow by 12% in the next 2 years.
Buy Or Sell Opportunity • Apr 17Now 21% undervaluedOver the last 90 days, the stock has risen 16% to JP¥2,935. The fair value is estimated to be JP¥3,718, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 38%. Revenue is forecast to grow by 11% in 2 years. Earnings are forecast to grow by 12% in the next 2 years.
Upcoming Dividend • Mar 21Upcoming dividend of JP¥45.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 26 June 2024. Payout ratio is a comfortable 32% but the company is not cash flow positive. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.4%).
Price Target Changed • Mar 14Price target increased by 13% to JP¥3,600Up from JP¥3,200, the current price target is an average from 2 analysts. New target price is 29% above last closing price of JP¥2,785. Stock is up 40% over the past year. The company is forecast to post earnings per share of JP¥201 for next year compared to JP¥150 last year.
Buy Or Sell Opportunity • Mar 11Now 21% undervaluedOver the last 90 days, the stock has risen 25% to JP¥2,830. The fair value is estimated to be JP¥3,564, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 38%. Revenue is forecast to grow by 11% in 2 years. Earnings are forecast to grow by 11% in the next 2 years.
お知らせ • Mar 02Espec Corp. to Report Fiscal Year 2024 Results on May 15, 2024Espec Corp. announced that they will report fiscal year 2024 results on May 15, 2024
お知らせ • Feb 20Espec Corp. Provides Dividend Guidance for the Fiscal Year Ending March 31, 2024Espec Corp. provided dividend guidance for the fiscal year ending March 31, 2024. For the year ending, company expects to pay dividend of JPY 45.00 per share against JPY 43.00 per share for the previous period.
Reported Earnings • Feb 14Third quarter 2024 earnings released: EPS: JP¥65.59 (vs JP¥32.88 in 3Q 2023)Third quarter 2024 results: EPS: JP¥65.59 (up from JP¥32.88 in 3Q 2023). Revenue: JP¥14.9b (up 15% from 3Q 2023). Net income: JP¥1.43b (up 98% from 3Q 2023). Profit margin: 9.6% (up from 5.6% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
Buy Or Sell Opportunity • Jan 29Now 20% undervaluedOver the last 90 days, the stock has risen 15% to JP¥2,535. The fair value is estimated to be JP¥3,173, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 30%. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to grow by 26% in the next 2 years.
お知らせ • Dec 07Espec Corp. to Report First Half, 2024 Results on Dec 06, 2023Espec Corp. announced that they will report first half, 2024 results on Dec 06, 2023
お知らせ • Nov 30Espec Corp. to Report Q3, 2024 Results on Feb 13, 2024Espec Corp. announced that they will report Q3, 2024 results on Feb 13, 2024
お知らせ • Nov 18Espec Corp. Announces Dividend for the Second Quarter End of Fiscal Year 2024, Commences Dividend Payments on December 11, 2023Espec Corp. announced dividend of JPY 25 per share for the second quarter end of fiscal year 2024. Scheduled date to commence dividend payments on December 11, 2023.
Reported Earnings • Nov 12Second quarter 2024 earnings released: EPS: JP¥49.83 (vs JP¥46.70 in 2Q 2023)Second quarter 2024 results: EPS: JP¥49.83 (up from JP¥46.70 in 2Q 2023). Revenue: JP¥15.0b (up 5.4% from 2Q 2023). Net income: JP¥1.09b (up 4.0% from 2Q 2023). Profit margin: 7.3% (down from 7.4% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.0% 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 30% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Sep 21Upcoming dividend of JP¥25.00 per share at 3.0% yieldEligible shareholders must have bought the stock before 28 September 2023. Payment date: 12 December 2023. Payout ratio is a comfortable 36% but the company is paying out more than the cash it is generating. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.4%).
お知らせ • Aug 31Espec Corp. to Report Q2, 2024 Results on Nov 10, 2023Espec Corp. announced that they will report Q2, 2024 results on Nov 10, 2023
Reported Earnings • Aug 10First quarter 2024 earnings released: EPS: JP¥25.88 (vs JP¥2.77 loss in 1Q 2023)First quarter 2024 results: EPS: JP¥25.88 (up from JP¥2.77 loss in 1Q 2023). Revenue: JP¥12.3b (up 41% from 1Q 2023). Net income: JP¥565.0m (up JP¥627.0m from 1Q 2023). Profit margin: 4.6% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
Buying Opportunity • Aug 09Now 21% undervaluedOver the last 90 days, the stock is up 13%. The fair value is estimated to be JP¥2,893, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.5% over the last 3 years. Earnings per share has grown by 7.9%. For the next 3 years, revenue is forecast to grow by 5.8% per annum. Earnings is also forecast to grow by 11% per annum over the same time period.
Price Target Changed • Jul 14Price target increased by 7.4% to JP¥2,900Up from JP¥2,700, the current price target is an average from 2 analysts. New target price is 27% above last closing price of JP¥2,281. Stock is up 29% over the past year. The company is forecast to post earnings per share of JP¥179 for next year compared to JP¥150 last year.
Reported Earnings • May 18Full year 2023 earnings: EPS and revenues exceed analyst expectationsFull year 2023 results: EPS: JP¥150 (up from JP¥84.84 in FY 2022). Revenue: JP¥52.9b (up 26% from FY 2022). Net income: JP¥3.33b (up 75% from FY 2022). Profit margin: 6.3% (up from 4.6% in FY 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) also surpassed analyst estimates by 15%. Revenue is forecast to grow 5.1% p.a. on average during the next 2 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 8% per year whereas the company’s share price has increased by 6% per year.
お知らせ • May 17Espec Corp., Annual General Meeting, Jun 23, 2023Espec Corp., Annual General Meeting, Jun 23, 2023.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥45.00 per share at 3.3% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 26 June 2023. Payout ratio is a comfortable 51% but the company is paying out more than the cash it is generating. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%).
Price Target Changed • Feb 21Price target increased by 9.8% to JP¥2,800Up from JP¥2,550, the current price target is an average from 2 analysts. New target price is 40% above last closing price of JP¥1,998. Stock is up 0.9% over the past year. The company is forecast to post earnings per share of JP¥148 for next year compared to JP¥84.84 last year.
お知らせ • Feb 17+ 2 more updatesEspec Corp. Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2023Espec Corp. provided consolidated earnings guidance for the fiscal year ending March 31, 2023. For the period, the company expects net sales to be JPY 52,000 million, operating profit to be JPY 4,000 million, profit attributable to owners of the parent to be JPY 2,900 million, basic earnings per share to be JPY 129.50.
Reported Earnings • Feb 14Third quarter 2023 earnings released: EPS: JP¥32.87 (vs JP¥27.00 in 3Q 2022)Third quarter 2023 results: EPS: JP¥32.87 (up from JP¥27.00 in 3Q 2022). Revenue: JP¥13.0b (up 23% from 3Q 2022). Net income: JP¥724.0m (up 20% from 3Q 2022). Profit margin: 5.6% (down from 5.7% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.
お知らせ • Dec 28Espec Corp. to Report Q3, 2023 Results on Feb 13, 2023Espec Corp. announced that they will report Q3, 2023 results on Feb 13, 2023
お知らせ • Nov 23+ 1 more updateEspec Corp. Declares Commemorative Dividend for the Second Quarter Ended September 30, 2022, Payable on December 12, 2022; Provides Commemorative Dividend Guidance for the Fiscal Year Ending March 31, 2023Espec Corp. declared commemorative dividend of JPY 2 per share for second quarter ended September 30, 2022, payable on December 12, 2022.The company provided commemorative dividend guidance for the fiscal year ending March 31, 2023, for the period, the company expects commemorative dividend to be JPY 2 per share.
Board Change • Nov 16Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 2 independent directors. 7 non-independent directors. Independent Outside Director Kazuo Hirata was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
Reported Earnings • Nov 13Second quarter 2023 earnings released: EPS: JP¥46.70 (vs JP¥11.35 in 2Q 2022)Second quarter 2023 results: EPS: JP¥46.70 (up from JP¥11.35 in 2Q 2022). Revenue: JP¥14.2b (up 49% from 2Q 2022). Net income: JP¥1.05b (up 312% from 2Q 2022). Profit margin: 7.4% (up from 2.7% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.4% 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 fallen by 23% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.
お知らせ • Nov 12Espec Corp. (TSE:6859) announces an Equity Buyback for 680,000 shares, representing 3.02% for ¥1,324.64 million.Espec Corp. (TSE:6859) announces a share repurchase program. Under the program, the company will repurchase up to 680,000 shares, representing 3.02% of its issued share capital for ¥1,324.64 million. The shares will be repurchased at a price of ¥ 1,948 per share. The purpose of the program is to implement agile capital policy in response to changes in the corporate environment. As of September 30, 2022, the company has 22,549,321 issued shares and 1,232,073 shares in treasury.
お知らせ • Nov 10Espec Corp. Revises Consolidated Earnings Guidance for the Six Months Ended September 30, 2022 and for the Fiscal Year Ending March 31, 2023Espec Corp. revises consolidated earnings guidance for the six months ended September 30, 2022 and for the fiscal year ending March 31, 2023. For the six months, the company now expects net sales to be JPY 22,900 million, Operating profit to be JPY 1,400 million, Profit attributable to owners of parent to be JPY 980 million or JPY 43.78 per basic share, against previous forecast of net sales of JPY 23,500 million, Operating profit of JPY 1,950 million, Profit attributable to owners of parent of JPY 1,300 million or JPY 58.11 per basic share.For the full year, the company now expects net sales to be JPY 52,000 million, Operating profit to be JPY 4,000 million, Profit attributable to owners of parent to be JPY 2,900 million or JPY 129.50 per basic share, against previous forecast of net sales of JPY 50,000 million, Operating profit of JPY 5,000 million, Profit attributable to owners of parent of JPY 3,600 million or JPY 160.92 per basic share.
Upcoming Dividend • Sep 22Upcoming dividend of JP¥24.00 per shareEligible shareholders must have bought the stock before 29 September 2022. Payment date: 12 December 2022. Payout ratio is a comfortable 72% 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 (1.6%).
お知らせ • Sep 09Espec Corp. (TSE:6859) agreed to acquire Environmental Test Equipment Business of Hitachi-Johnson Controls Air Conditioning, Inc.Espec Corp. (TSE:6859) agreed to acquire Environmental Test Equipment Business of Hitachi-Johnson Controls Air Conditioning, Inc on September 8, 2022.
お知らせ • Aug 31Espec Corp. to Report Q2, 2023 Results on Nov 11, 2022Espec Corp. announced that they will report Q2, 2023 results on Nov 11, 2022
お知らせ • Aug 22+ 1 more updateEspec Corp. Provides Dividend Guidance for the Second Quarter-End and for the Full Year of Fiscal Year Ending March 31, 2023Espec Corp. provided dividend guidance for the second quarter-end and for the full year of fiscal year ending March 31, 2023. For the second quarter ending September 30, 2022, the company expects to pay dividend of JPY 24.00 per share against JPY 18.00 per share paid for the same period a year ago. Components of the interim dividend: Ordinary dividend – JPY 22; Commemorative dividend – JPY 2.For the full year ending March 31, 2023, the company expects to pay year-end dividend of JPY 45.00 per share against JPY 42.00 per share paid for the same period a year ago. Components of the year-end dividend: Ordinary dividend – JPY 43; Commemorative dividend – JPY 2.
Reported Earnings • Aug 11First quarter 2023 earnings released: JP¥2.77 loss per share (vs JP¥1.06 loss in 1Q 2022)First quarter 2023 results: JP¥2.77 loss per share (down from JP¥1.06 loss in 1Q 2022). Revenue: JP¥8.73b (up 8.4% from 1Q 2022). Net loss: JP¥62.0m (loss widened 158% from 1Q 2022). Over the next year, revenue is forecast to grow 19%, compared to a 9.6% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
お知らせ • Jun 05Espec Corp. to Report Q1, 2023 Results on Aug 09, 2022Espec Corp. announced that they will report Q1, 2023 results on Aug 09, 2022
お知らせ • May 31+ 3 more updatesEspec Corp. Announces Year-End Cash Dividend for the Fiscal Year Ended March 31, 2022, Payable on June 24, 2022Espec Corp. announced year-end cash dividend of JP 42.00 per share for the fiscal year ended March 31, 2022 compared to JP 41.00 per share paid a year ago. Scheduled date to commence dividend payments is June 24, 2022.
