View Past PerformanceNippon Avionics バランスシートの健全性財務の健全性 基準チェック /36Nippon Avionicsの総株主資本は¥16.1B 、総負債は¥10.5Bで、負債比率は65.1%となります。総資産と総負債はそれぞれ¥36.1Bと¥20.0Bです。 Nippon Avionicsの EBIT は¥5.5Bで、利息カバレッジ比率54.1です。現金および短期投資は¥1.0Bです。主要情報65.14%負債資本比率JP¥10.49b負債インタレスト・カバレッジ・レシオ54.1x現金JP¥1.02bエクイティJP¥16.10b負債合計JP¥19.97b総資産JP¥36.08b財務の健全性に関する最新情報分析記事 • Jan 14Nippon Avionics (TSE:6946) Seems To Use Debt Quite SensiblyThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...分析記事 • Oct 08We Think Nippon Avionics (TSE:6946) Can Stay On Top Of Its DebtHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...すべての更新を表示Recent updatesBuy Or Sell Opportunity • Jul 08Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 27% to JP¥5,000. The fair value is estimated to be JP¥6,282, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 18%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 16% per annum over the same time period.お知らせ • Jul 07Nippon Avionics Co., Ltd. to Report Q1, 2027 Results on Jul 30, 2026Nippon Avionics Co., Ltd. announced that they will report Q1, 2027 results on Jul 30, 2026Valuation Update With 7 Day Price Move • Jul 06Investor sentiment improves as stock rises 18%After last week's 18% share price gain to JP¥5,780, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 17x in the Electronic industry in Japan. Total returns to shareholders of 490% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥6,272 per share.Valuation Update With 7 Day Price Move • Jun 02Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to JP¥5,320, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 18x in the Electronic industry in Japan. Total returns to shareholders of 423% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥5,714 per share.Major Estimate Revision • May 26Consensus revenue estimates increase by 19%The consensus outlook for revenues in fiscal year 2027 has improved. 2027 revenue forecast increased from JP¥29.5b to JP¥35.0b. EPS estimate increased from JP¥230 to JP¥325 per share. Net income forecast to grow 26% next year vs 5.3% growth forecast for Electronic industry in Japan. Consensus price target of JP¥4,900 unchanged from last update. Share price rose 14% to JP¥6,520 over the past week.分析記事 • May 19There May Be Underlying Issues With The Quality Of Nippon Avionics' (TSE:6946) EarningsLast week's profit announcement from Nippon Avionics Co., Ltd. ( TSE:6946 ) was underwhelming for investors, despite...Reported Earnings • May 13Full year 2026 earnings: EPS and revenues exceed analyst expectationsFull year 2026 results: EPS: JP¥254 (up from JP¥124 in FY 2025). Revenue: JP¥29.2b (up 45% from FY 2025). Net income: JP¥3.82b (up 95% from FY 2025). Profit margin: 13% (up from 9.8% in FY 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) also surpassed analyst estimates by 28%. Revenue is forecast to grow 5.7% 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 18% per year but the company’s share price has increased by 91% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • May 12Nippon Avionics Co., Ltd., Annual General Meeting, Jun 19, 2026Nippon Avionics Co., Ltd., Annual General Meeting, Jun 19, 2026.お知らせ • May 10Nippon Avionics Co., Ltd. to Report Fiscal Year 2026 Results on May 12, 2026Nippon Avionics Co., Ltd. announced that they will report fiscal year 2026 results on May 12, 2026Upcoming Dividend • Mar 23Upcoming dividend of JP¥10.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 25 June 2026. Payout ratio is a comfortable 2.9% but the company is not cash flow positive. Trailing yield: 0.2%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (1.6%).Valuation Update With 7 Day Price Move • Mar 11Investor sentiment improves as stock rises 23%After last week's 23% share price gain to JP¥8,780, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 17x in the Electronic industry in Japan. Total returns to shareholders of 877% over the past three years.Major Estimate Revision • Feb 06Consensus EPS estimates increase by 13%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from JP¥24.3b to JP¥26.0b. EPS estimate increased from JP¥174 to JP¥197 per share. Net income forecast to grow 4.8% next year vs 11% growth forecast for Electronic industry in Japan. Consensus price target of JP¥4,900 unchanged from last update. Share price rose 23% to JP¥6,320 over the past week.Reported Earnings • Jan 31Third quarter 2026 earnings released: EPS: JP¥62.73 (vs JP¥21.40 in 3Q 2025)Third quarter 2026 results: EPS: JP¥62.73 (up from JP¥21.40 in 3Q 2025). Revenue: JP¥7.02b (up 54% from 3Q 2025). Net income: JP¥931.0m (up 181% from 3Q 2025). Profit margin: 13% (up from 7.3% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.8% 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 12% per year but the company’s share price has increased by 89% per year, which means it is tracking significantly ahead of earnings growth.分析記事 • Jan 17Nippon Avionics Co., Ltd. (TSE:6946) Looks Just Right With A 31% Price JumpNippon Avionics Co., Ltd. ( TSE:6946 ) shareholders would be excited to see that the share price has had a great month...Valuation Update With 7 Day Price Move • Jan 15Investor sentiment improves as stock rises 16%After last week's 16% share price gain to JP¥5,690, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 16x in the Electronic industry in Japan. Total returns to shareholders of 735% over the past three years.分析記事 • Jan 14Nippon Avionics (TSE:6946) Seems To Use Debt Quite SensiblyThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...お知らせ • Dec 27Nippon Avionics Co., Ltd. to Report Q3, 2026 Results on Jan 30, 2026Nippon Avionics Co., Ltd. announced that they will report Q3, 2026 results on Jan 30, 2026Valuation Update With 7 Day Price Move • Dec 09Investor sentiment improves as stock rises 16%After last week's 16% share price gain to JP¥5,110, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 16x in the Electronic industry in Japan. Total returns to shareholders of 756% over the past three years.New Risk • Nov 12New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (10% average weekly change).Major Estimate Revision • Nov 05Consensus EPS estimates increase by 15%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from JP¥23.3b to JP¥25.0b. EPS estimate increased from JP¥162 to JP¥187 per share. Net income forecast to grow 15% next year vs 14% growth forecast for Electronic industry in Japan. Consensus price target of JP¥4,900 unchanged from last update. Share price rose 6.8% to JP¥5,120 over the past week.分析記事 • Nov 01Subdued Growth No Barrier To Nippon Avionics Co., Ltd. (TSE:6946) With Shares Advancing 29%Nippon Avionics Co., Ltd. ( TSE:6946 ) shareholders have had their patience rewarded with a 29% share price jump in the...New Risk • Oct 30New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 51% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risk High level of debt (51% net debt to equity).Reported Earnings • Oct 30Second quarter 2026 earnings released: EPS: JP¥59.92 (vs JP¥34.86 in 2Q 2025)Second quarter 2026 results: EPS: JP¥59.92 (up from JP¥34.86 in 2Q 2025). Revenue: JP¥7.67b (up 53% from 2Q 2025). Net income: JP¥912.0m (up 68% from 2Q 2025). Profit margin: 12% (up from 11% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 10.0% p.a. on average during the next 3 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 10% per year but the company’s share price has increased by 112% per year, which means it is tracking significantly ahead of earnings growth.分析記事 • Oct 08We Think Nippon Avionics (TSE:6946) Can Stay On Top Of Its DebtHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Valuation Update With 7 Day Price Move • Oct 08Investor sentiment improves as stock rises 22%After last week's 22% share price gain to JP¥5,150, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 16x in the Electronic industry in Japan. Total returns to shareholders of 763% over the past three years.お知らせ • Oct 04Nippon Avionics Co., Ltd. to Report Q2, 2026 Results on Oct 29, 2025Nippon Avionics Co., Ltd. announced that they will report Q2, 2026 results on Oct 29, 2025分析記事 • Aug 04Nippon Avionics Co., Ltd.'s (TSE:6946) 34% Price Boost Is Out Of Tune With EarningsNippon Avionics Co., Ltd. ( TSE:6946 ) shares have continued their recent momentum with a 34% gain in the last month...Reported Earnings • Aug 02First quarter 2026 earnings released: EPS: JP¥25.21 (vs JP¥11.44 in 1Q 2025)First quarter 2026 results: EPS: JP¥25.21 (up from JP¥11.44 in 1Q 2025). Revenue: JP¥5.04b (up 23% from 1Q 2025). Net income: JP¥388.0m (up 103% from 1Q 2025). Profit margin: 7.7% (up from 4.7% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.9% 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 9% per year but the company’s share price has increased by 102% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Aug 01Nippon Avionics Co., Ltd. (TSE:6946) announces an Equity Buyback for 603,500 shares, representing 3.6% for ¥2,000 million.Nippon Avionics Co., Ltd. (TSE:6946) announces a share repurchase program. Under the program, the company will repurchase up to 603,500 shares, representing 3.6% of its issued share capital, for ¥2,000 million. The shares will be repurchased at price of ¥3,314 per share. The shares will be repurchased from NAJ Holdings Co., Ltd. The purpose of the program is to implement a flexible capital policy that responds to changes in the business environment. If the offer is oversubscribed the company may repurchase up to additional 100 shares. The program will be valid till September 1, 2025. As of June 30, 2025, the company has 16,764,810 issued shares (excluding treasury stock) and 1,374,013 treasury shares.お知らせ • Jul 08Nippon Avionics Co., Ltd. to Report Q1, 2026 Results on Aug 01, 2025Nippon Avionics Co., Ltd. announced that they will report Q1, 2026 results on Aug 01, 2025Reported Earnings • Jun 27Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: JP¥124 (down from JP¥132 in FY 2024). Revenue: JP¥20.1b (up 11% from FY 2024). Net income: JP¥1.96b (down 8.6% from FY 2024). Profit margin: 9.8% (down from 12% in FY 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 5.3%. Earnings per share (EPS) also missed analyst estimates by 6.6%. Revenue is forecast to grow 7.9% 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 8% per year but the company’s share price has increased by 86% per year, which means it is tracking significantly ahead of earnings growth.分析記事 • Jun 17Why Investors Shouldn't Be Surprised By Nippon Avionics Co., Ltd.'s (TSE:6946) 25% Share Price SurgeDespite an already strong run, Nippon Avionics Co., Ltd. ( TSE:6946 ) shares have been powering on, with a gain of 25...Valuation Update With 7 Day Price Move • Jun 17Investor sentiment improves as stock rises 18%After last week's 18% share price gain to JP¥4,195, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 13x in the Electronic industry in Japan. Total returns to shareholders of 523% over the past three years.Reported Earnings • May 15Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: JP¥124 (down from JP¥132 in FY 2024). Revenue: JP¥20.1b (up 11% from FY 2024). Net income: JP¥1.96b (down 8.6% from FY 2024). Profit margin: 9.8% (down from 12% in FY 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 5.3%. Earnings per share (EPS) also missed analyst estimates by 6.6%. Revenue is forecast to grow 11% 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 8% per year but the company’s share price has increased by 72% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • May 13Nippon Avionics Co., Ltd., Annual General Meeting, Jun 24, 2025Nippon Avionics Co., Ltd., Annual General Meeting, Jun 24, 2025.分析記事 • May 01After Leaping 25% Nippon Avionics Co., Ltd. (TSE:6946) Shares Are Not Flying Under The RadarNippon Avionics Co., Ltd. ( TSE:6946 ) shares have continued their recent momentum with a 25% gain in the last month...Valuation Update With 7 Day Price Move • Apr 19Investor sentiment improves as stock rises 23%After last week's 23% share price gain to JP¥3,075, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 11x in the Electronic industry in Japan. Total returns to shareholders of 494% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,510 per share.Valuation Update With 7 Day Price Move • Apr 04Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to JP¥2,260, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 11x in the Electronic industry in Japan. Total returns to shareholders of 328% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,494 per share.お知らせ • Mar 27Nippon Avionics Co., Ltd. to Report Fiscal Year 2025 Results on May 13, 2025Nippon Avionics Co., Ltd. announced that they will report fiscal year 2025 results on May 13, 2025Upcoming Dividend • Mar 21Upcoming dividend of JP¥6.00 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 24 June 2025. Payout ratio is a comfortable 4.7% and this is well supported by cash flows. Trailing yield: 0.2%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (1.7%).New Risk • Mar 17New 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 7.7% 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. This is currently the only risk that has been identified for the company.Valuation Update With 7 Day Price Move • Mar 07Investor sentiment improves as stock rises 19%After last week's 19% share price gain to JP¥2,406, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 12x in the Electronic industry in Japan. Total returns to shareholders of 465% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,444 per share.分析記事 • Mar 06Nippon Avionics Co., Ltd.'s (TSE:6946) P/E Is On The MarkWhen close to half the companies in Japan have price-to-earnings ratios (or "P/E's") below 13x, you may consider Nippon...Reported Earnings • Feb 01Third quarter 2025 earnings released: EPS: JP¥21.40 (vs JP¥25.40 in 3Q 2024)Third quarter 2025 results: EPS: JP¥21.40 (down from JP¥25.40 in 3Q 2024). Revenue: JP¥4.56b (flat on 3Q 2024). Net income: JP¥331.0m (down 22% from 3Q 2024). Profit margin: 7.3% (down from 9.2% in 3Q 2024). Revenue is forecast to grow 12% 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 9% per year but the company’s share price has increased by 70% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Dec 20Nippon Avionics Co., Ltd. to Report Q3, 2025 Results on Jan 31, 2025Nippon Avionics Co., Ltd. announced that they will report Q3, 2025 results on Jan 31, 2025Valuation Update With 7 Day Price Move • Nov 08Investor sentiment improves as stock rises 18%After last week's 18% share price gain to JP¥2,620, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 13x in the Electronic industry in Japan. Total returns to shareholders of 383% over the past three years.Reported Earnings • Oct 31Second quarter 2025 earnings releasedSecond quarter 2025 results: Revenue: JP¥5.02b (flat on 2Q 2024). Net income: JP¥543.0m (down 12% from 2Q 2024). Profit margin: 11% (down from 12% in 2Q 2024). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 7.3% 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 64% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Oct 02Nippon Avionics Co., Ltd. to Report Q2, 2025 Results on Oct 29, 2024Nippon Avionics Co., Ltd. announced that they will report Q2, 2025 results on Oct 29, 2024Valuation Update With 7 Day Price Move • Oct 01Investor sentiment improves as stock rises 21%After last week's 21% share price gain to JP¥2,821, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 12x in the Electronic industry in Japan. Total returns to shareholders of 505% over the past three years.分析記事 • Sep 28Nippon Avionics (TSE:6946) Shareholders Will Want The ROCE Trajectory To ContinueIf you're looking for a multi-bagger, there's a few things to keep an eye out for. Amongst other things, we'll want to...Valuation Update With 7 Day Price Move • Sep 09Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to JP¥10,650, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 11x in the Electronic industry in Japan. Total returns to shareholders of 264% over the past three years.Reported Earnings • Aug 07First quarter 2025 earnings released: EPS: JP¥57.21 (vs JP¥40.24 in 1Q 2024)First quarter 2025 results: EPS: JP¥57.21 (up from JP¥40.24 in 1Q 2024). Revenue: JP¥4.09b (up 13% from 1Q 2024). Net income: JP¥191.0m (up 49% from 1Q 2024). Profit margin: 4.7% (up from 3.6% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.8% 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 11% per year but the company’s share price has increased by 56% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 32%After last week's 32% share price decline to JP¥8,560, 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 211% over the past three years.分析記事 • Jul 29Optimistic Investors Push Nippon Avionics Co., Ltd. (TSE:6946) Shares Up 34% But Growth Is LackingThe Nippon Avionics Co., Ltd. ( TSE:6946 ) share price has done very well over the last month, posting an excellent...Valuation Update With 7 Day Price Move • Jul 17Investor sentiment improves as stock rises 17%After last week's 17% share price gain to JP¥13,520, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 14x in the Electronic industry in Japan. Total returns to shareholders of 311% over the past three years.お知らせ • Jul 11Nippon Avionics Co., Ltd. to Report Q1, 2025 Results on Aug 02, 2024Nippon Avionics Co., Ltd. announced that they will report Q1, 2025 results on Aug 02, 2024Valuation Update With 7 Day Price Move • Jul 02Investor sentiment improves as stock rises 17%After last week's 17% share price gain to JP¥10,080, the stock trades at a trailing P/E ratio of 14.4x. Average trailing P/E is 13x in the Electronic industry in Japan. Total returns to shareholders of 187% over the past three years.Reported Earnings • Jun 26Full year 2024 earnings released: EPS: JP¥659 (vs JP¥641 in FY 2023)Full year 2024 results: EPS: JP¥659 (up from JP¥641 in FY 2023). Revenue: JP¥18.1b (up 1.7% from FY 2023). Net income: JP¥2.15b (up 19% from FY 2023). Profit margin: 12% (up from 10% in FY 2023). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth.分析記事 • Jun 11Market Cool On Nippon Avionics Co., Ltd.'s (TSE:6946) EarningsWith a median price-to-earnings (or "P/E") ratio of close to 14x in Japan, you could be forgiven for feeling...Valuation Update With 7 Day Price Move • Jun 11Investor sentiment improves as stock rises 18%After last week's 18% share price gain to JP¥9,670, the stock trades at a trailing P/E ratio of 15x. Average trailing P/E is 13x in the Electronic industry in Japan. Total returns to shareholders of 118% over the past three years.Valuation Update With 7 Day Price Move • May 20Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to JP¥8,930, the stock trades at a trailing P/E ratio of 13.9x. Average trailing P/E is 13x in the Electronic industry in Japan. Total returns to shareholders of 222% over the past three years.お知らせ • May 15Nippon Avionics Co., Ltd., Annual General Meeting, Jun 21, 2024Nippon Avionics Co., Ltd., Annual General Meeting, Jun 21, 2024.Reported Earnings • May 12Full year 2024 earnings released: EPS: JP¥659 (vs JP¥641 in FY 2023)Full year 2024 results: EPS: JP¥659 (up from JP¥641 in FY 2023). Revenue: JP¥18.1b (up 1.7% from FY 2023). Net income: JP¥2.15b (up 19% from FY 2023). Profit margin: 12% (up from 10% in FY 2023). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 48% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Apr 05Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to JP¥9,940, the stock trades at a trailing P/E ratio of 16.5x. Average trailing P/E is 14x in the Electronic industry in Japan. Total returns to shareholders of 201% over the past three years.お知らせ • Apr 04Nippon Avionics Co., Ltd. to Report Fiscal Year 2024 Results on May 10, 2024Nippon Avionics Co., Ltd. announced that they will report fiscal year 2024 results on May 10, 2024Upcoming Dividend • Mar 21Upcoming dividend of JP¥30.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 28 June 2024. Trailing yield: 0.3%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (1.4%).Valuation Update With 7 Day Price Move • Mar 05Investor sentiment improves as stock rises 16%After last week's 16% share price gain to JP¥12,030, the stock trades at a trailing P/E ratio of 19.9x. Average trailing P/E is 14x in the Electronic industry in Japan. Total returns to shareholders of 398% over the past three years.分析記事 • Feb 29Optimistic Investors Push Nippon Avionics Co., Ltd. (TSE:6946) Shares Up 28% But Growth Is LackingDespite an already strong run, Nippon Avionics Co., Ltd. ( TSE:6946 ) shares have been powering on, with a gain of 28...Valuation Update With 7 Day Price Move • Feb 07Investor sentiment improves as stock rises 17%After last week's 17% share price gain to JP¥10,580, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 15x in the Electronic industry in Japan. Total returns to shareholders of 375% over the past three years.Reported Earnings • Feb 02Third quarter 2024 earnings released: EPS: JP¥127 (vs JP¥155 in 3Q 2023)Third quarter 2024 results: EPS: JP¥127 (down from JP¥155 in 3Q 2023). Revenue: JP¥4.58b (down 3.7% from 3Q 2023). Net income: JP¥422.0m (down 3.7% from 3Q 2023). Profit margin: 9.2% (in line with 3Q 2023). Revenue is forecast to grow 11% 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 14% per year but the company’s share price has increased by 60% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Dec 30Nippon Avionics Co., Ltd. to Report Q3, 2024 Results on Jan 31, 2024Nippon Avionics Co., Ltd. announced that they will report Q3, 2024 results on Jan 31, 2024Valuation Update With 7 Day Price Move • Nov 14Investor sentiment improves as stock rises 16%After last week's 16% share price gain to JP¥7,680, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 13x in the Electronic industry in Japan. Total returns to shareholders of 298% over the past three years.Reported Earnings • Nov 01Second quarter 2024 earnings released: EPS: JP¥192 (vs JP¥209 in 2Q 2023)Second quarter 2024 results: EPS: JP¥192. Revenue: JP¥5.06b (up 10% from 2Q 2023). Net income: JP¥616.0m (up 4.4% from 2Q 2023). Profit margin: 12% (in line with 2Q 2023). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Electronic industry in Japan.New Risk • Oct 31New 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 Shareholders have been diluted in the past year (34% increase in shares outstanding).Valuation Update With 7 Day Price Move • Oct 31Investor sentiment improves as stock rises 16%After last week's 16% share price gain to JP¥7,050, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Electronic industry in Japan. Total returns to shareholders of 269% over the past three years.お知らせ • Sep 28Nippon Avionics Co., Ltd. to Report Q2, 2024 Results on Oct 30, 2023Nippon Avionics Co., Ltd. announced that they will report Q2, 2024 results on Oct 30, 2023Valuation Update With 7 Day Price Move • Aug 09Investor sentiment improves as stock rises 15%After last week's 15% share price gain to JP¥5,640, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 13x in the Electronic industry in Japan. Total returns to shareholders of 196% over the past three years.Reported Earnings • Jul 28First quarter 2024 earnings released: EPS: JP¥40.24 (vs JP¥22.31 loss in 1Q 2023)First quarter 2024 results: EPS: JP¥40.24 (up from JP¥22.31 loss in 1Q 2023). Revenue: JP¥3.61b (up 11% from 1Q 2023). Net income: JP¥128.0m (up JP¥191.0m from 1Q 2023). Profit margin: 3.6% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 28% 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 • Jun 05Investor sentiment improves as stock rises 15%After last week's 15% share price gain to JP¥5,020, the stock trades at a trailing P/E ratio of 10.1x. Average trailing P/E is 12x in the Electronic industry in Japan. Total returns to shareholders of 70% over the past three years.Reported Earnings • May 17Full year 2023 earnings released: EPS: JP¥643 (vs JP¥575 in FY 2022)Full year 2023 results: EPS: JP¥643 (up from JP¥575 in FY 2022). Revenue: JP¥17.8b (down 7.7% from FY 2022). Net income: JP¥1.82b (up 12% from FY 2022). Profit margin: 10% (up from 8.5% in FY 2022). The increase in margin was driven by lower expenses. 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 25% per year, which means it is significantly lagging earnings growth.お知らせ • May 14Nippon Avionics Co., Ltd. (TSE:6946) announces an Equity Buyback for 75,000 shares, representing 2.35% for ¥300 million.Nippon Avionics Co., Ltd. (TSE:6946) announces a share repurchase program. Under the program, the company will repurchase up to 75,000 shares, representing 2.35% of its share capital, for ¥300 million.The purpose of the program is to increase capital efficiency and improve corporate value. rice field. The program will expire on March 31, 2024. As of March 31, 2023, the company had 3,186,695 shares in issue (excluding treasury stock) and 4,467 shares in treasury.Valuation Update With 7 Day Price Move • Feb 17Investor sentiment improves as stock rises 17%After last week's 17% share price gain to JP¥4,685, the stock trades at a trailing P/E ratio of 9x. Average trailing P/E is 11x in the Electronic industry in Japan. Total returns to shareholders of 231% over the past three years.Reported Earnings • Jan 31Third quarter 2023 earnings released: EPS: JP¥155 (vs JP¥89.14 in 3Q 2022)Third quarter 2023 results: EPS: JP¥155 (up from JP¥89.14 in 3Q 2022). Revenue: JP¥4.76b (up 5.1% from 3Q 2022). Net income: JP¥438.0m (up 74% from 3Q 2022). Profit margin: 9.2% (up from 5.6% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 40% per year whereas the company’s share price has increased by 38% per year.お知らせ • Jan 14Nippon Avionics Co., Ltd. to Report Q3, 2023 Results on Jan 30, 2023Nippon Avionics Co., Ltd. announced that they will report Q3, 2023 results on Jan 30, 2023Valuation Update With 7 Day Price Move • Dec 15Investor sentiment improved over the past weekAfter last week's 18% share price gain to JP¥3,255, the stock trades at a trailing P/E ratio of 7.2x. Average trailing P/E is 11x in the Electronic industry in Japan. Total returns to shareholders of 189% over the past three years.Board Change • Nov 16High number of new and inexperienced directorsThere are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 3 experienced directors. No highly experienced directors. Part-Time External Corporate Auditor Maiko Chihara is the most experienced director on the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.Reported Earnings • Nov 02Second quarter 2023 earnings released: EPS: JP¥209 (vs JP¥246 in 2Q 2022)Second quarter 2023 results: EPS: JP¥209 (down from JP¥246 in 2Q 2022). Revenue: JP¥4.60b (down 13% from 2Q 2022). Net income: JP¥590.0m (down 15% from 2Q 2022). Profit margin: 13% (in line with 2Q 2022). Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 03First quarter 2023 earnings released: JP¥22.31 loss per share (vs JP¥63.41 profit in 1Q 2022)First quarter 2023 results: JP¥22.31 loss per share (down from JP¥63.41 profit in 1Q 2022). Revenue: JP¥3.26b (down 25% from 1Q 2022). Net loss: JP¥63.0m (down 135% from profit in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth.Reported Earnings • Jun 26Full year 2022 earnings releasedFull year 2022 results: Revenue: JP¥19.2b (down 4.8% from FY 2021). Net income: JP¥1.63b (up 58% from FY 2021). Profit margin: 8.5% (up from 5.1% in FY 2021). The increase in margin was driven by lower expenses.Valuation Update With 7 Day Price Move • Jun 07Investor sentiment improved over the past weekAfter last week's 29% share price gain to JP¥3,920, the stock trades at a trailing P/E ratio of 6.8x. Average trailing P/E is 12x in the Electronic industry in Japan. Total returns to shareholders of 245% over the past three years.Reported Earnings • May 19Full year 2022 earnings released: EPS: JP¥575 (vs JP¥365 in FY 2021)Full year 2022 results: EPS: JP¥575 (up from JP¥365 in FY 2021). Revenue: JP¥19.2b (down 4.8% from FY 2021). Net income: JP¥1.63b (up 58% from FY 2021). Profit margin: 8.5% (up from 5.1% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 42% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • May 18Investor sentiment improved over the past weekAfter last week's 24% share price gain to JP¥3,285, the stock trades at a trailing P/E ratio of 6.1x. Average trailing P/E is 12x in the Electronic industry in Japan. Total returns to shareholders of 177% over the past three years.Board Change • Apr 27High number of new and inexperienced directorsThere are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 3 experienced directors. No highly experienced directors. Part-Time External Corporate Auditor Maiko Chihara is the most experienced director on the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.Reported Earnings • Jan 28Third quarter 2022 earnings: Revenues and EPS in line with analyst expectationsThird quarter 2022 results: EPS: JP¥89.13 (down from JP¥108 in 3Q 2021). Revenue: JP¥4.53b (down 15% from 3Q 2021). Net income: JP¥252.0m (down 17% from 3Q 2021). Profit margin: 5.6% (down from 5.7% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Jan 28Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to JP¥1,948, the stock trades at a trailing P/E ratio of 3.5x. Average trailing P/E is 12x in the Electronic industry in Japan. Total returns to shareholders of 73% over the past three years.Valuation Update With 7 Day Price Move • Nov 19Investor sentiment improved over the past weekAfter last week's 15% share price gain to JP¥3,160, the stock trades at a trailing P/E ratio of 5.7x. Average trailing P/E is 13x in the Electronic industry in Japan. Total returns to shareholders of 132% over the past three years.Reported Earnings • Oct 29Second quarter 2022 earnings released: EPS JP¥246 (vs JP¥176 in 2Q 2021)The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2022 results: Revenue: JP¥5.27b (down 3.1% from 2Q 2021). Net income: JP¥694.0m (up 40% from 2Q 2021). Profit margin: 13% (up from 9.1% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth.Reported Earnings • Jul 31First quarter 2022 earnings released: EPS JP¥63.39 (vs JP¥61.64 loss in 1Q 2021)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥4.37b (up 18% from 1Q 2021). Net income: JP¥179.0m (up JP¥353.0m from 1Q 2021). Profit margin: 4.1% (up from net loss in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.財務状況分析短期負債: 6946の 短期資産 ( ¥27.5B ) が 短期負債 ( ¥16.8B ) を超えています。長期負債: 6946の短期資産 ( ¥27.5B ) が 長期負債 ( ¥3.1B ) を上回っています。デット・ツー・エクイティの歴史と分析負債レベル: 6946の 純負債対資本比率 ( 58.8% ) は 高い と見なされます。負債の削減: 6946の負債対資本比率は、過去 5 年間で50.5%から65.1%に増加しました。債務返済能力: 6946の 営業キャッシュフロー はマイナスであるため、負債は十分にカバーされていません。インタレストカバレッジ: 6946の負債に対する 利息支払い は EBIT ( 54.1 x coverage) によって 十分にカバーされています。貸借対照表健全な企業の発掘7D1Y7D1Y7D1YTech 業界の健全な企業。View Dividend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2026/07/10 11:43終値2026/07/10 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Nippon Avionics Co., Ltd. 2 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。3 アナリスト機関Yusuke MiuraDaiwa Securities Co. Ltd.Koichi HariyaIchiyoshi Research Institute Inc.Yusuke MatsuuraMarusan Securities Co. Ltd.
分析記事 • Jan 14Nippon Avionics (TSE:6946) Seems To Use Debt Quite SensiblyThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
分析記事 • Oct 08We Think Nippon Avionics (TSE:6946) Can Stay On Top Of Its DebtHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Buy Or Sell Opportunity • Jul 08Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 27% to JP¥5,000. The fair value is estimated to be JP¥6,282, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 18%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 16% per annum over the same time period.
お知らせ • Jul 07Nippon Avionics Co., Ltd. to Report Q1, 2027 Results on Jul 30, 2026Nippon Avionics Co., Ltd. announced that they will report Q1, 2027 results on Jul 30, 2026
Valuation Update With 7 Day Price Move • Jul 06Investor sentiment improves as stock rises 18%After last week's 18% share price gain to JP¥5,780, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 17x in the Electronic industry in Japan. Total returns to shareholders of 490% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥6,272 per share.
Valuation Update With 7 Day Price Move • Jun 02Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to JP¥5,320, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 18x in the Electronic industry in Japan. Total returns to shareholders of 423% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥5,714 per share.
Major Estimate Revision • May 26Consensus revenue estimates increase by 19%The consensus outlook for revenues in fiscal year 2027 has improved. 2027 revenue forecast increased from JP¥29.5b to JP¥35.0b. EPS estimate increased from JP¥230 to JP¥325 per share. Net income forecast to grow 26% next year vs 5.3% growth forecast for Electronic industry in Japan. Consensus price target of JP¥4,900 unchanged from last update. Share price rose 14% to JP¥6,520 over the past week.
分析記事 • May 19There May Be Underlying Issues With The Quality Of Nippon Avionics' (TSE:6946) EarningsLast week's profit announcement from Nippon Avionics Co., Ltd. ( TSE:6946 ) was underwhelming for investors, despite...
Reported Earnings • May 13Full year 2026 earnings: EPS and revenues exceed analyst expectationsFull year 2026 results: EPS: JP¥254 (up from JP¥124 in FY 2025). Revenue: JP¥29.2b (up 45% from FY 2025). Net income: JP¥3.82b (up 95% from FY 2025). Profit margin: 13% (up from 9.8% in FY 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) also surpassed analyst estimates by 28%. Revenue is forecast to grow 5.7% 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 18% per year but the company’s share price has increased by 91% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • May 12Nippon Avionics Co., Ltd., Annual General Meeting, Jun 19, 2026Nippon Avionics Co., Ltd., Annual General Meeting, Jun 19, 2026.
お知らせ • May 10Nippon Avionics Co., Ltd. to Report Fiscal Year 2026 Results on May 12, 2026Nippon Avionics Co., Ltd. announced that they will report fiscal year 2026 results on May 12, 2026
Upcoming Dividend • Mar 23Upcoming dividend of JP¥10.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 25 June 2026. Payout ratio is a comfortable 2.9% but the company is not cash flow positive. Trailing yield: 0.2%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (1.6%).
Valuation Update With 7 Day Price Move • Mar 11Investor sentiment improves as stock rises 23%After last week's 23% share price gain to JP¥8,780, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 17x in the Electronic industry in Japan. Total returns to shareholders of 877% over the past three years.
Major Estimate Revision • Feb 06Consensus EPS estimates increase by 13%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from JP¥24.3b to JP¥26.0b. EPS estimate increased from JP¥174 to JP¥197 per share. Net income forecast to grow 4.8% next year vs 11% growth forecast for Electronic industry in Japan. Consensus price target of JP¥4,900 unchanged from last update. Share price rose 23% to JP¥6,320 over the past week.
Reported Earnings • Jan 31Third quarter 2026 earnings released: EPS: JP¥62.73 (vs JP¥21.40 in 3Q 2025)Third quarter 2026 results: EPS: JP¥62.73 (up from JP¥21.40 in 3Q 2025). Revenue: JP¥7.02b (up 54% from 3Q 2025). Net income: JP¥931.0m (up 181% from 3Q 2025). Profit margin: 13% (up from 7.3% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.8% 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 12% per year but the company’s share price has increased by 89% per year, which means it is tracking significantly ahead of earnings growth.
分析記事 • Jan 17Nippon Avionics Co., Ltd. (TSE:6946) Looks Just Right With A 31% Price JumpNippon Avionics Co., Ltd. ( TSE:6946 ) shareholders would be excited to see that the share price has had a great month...
Valuation Update With 7 Day Price Move • Jan 15Investor sentiment improves as stock rises 16%After last week's 16% share price gain to JP¥5,690, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 16x in the Electronic industry in Japan. Total returns to shareholders of 735% over the past three years.
分析記事 • Jan 14Nippon Avionics (TSE:6946) Seems To Use Debt Quite SensiblyThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
お知らせ • Dec 27Nippon Avionics Co., Ltd. to Report Q3, 2026 Results on Jan 30, 2026Nippon Avionics Co., Ltd. announced that they will report Q3, 2026 results on Jan 30, 2026
Valuation Update With 7 Day Price Move • Dec 09Investor sentiment improves as stock rises 16%After last week's 16% share price gain to JP¥5,110, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 16x in the Electronic industry in Japan. Total returns to shareholders of 756% over the past three years.
New Risk • Nov 12New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (10% average weekly change).
Major Estimate Revision • Nov 05Consensus EPS estimates increase by 15%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from JP¥23.3b to JP¥25.0b. EPS estimate increased from JP¥162 to JP¥187 per share. Net income forecast to grow 15% next year vs 14% growth forecast for Electronic industry in Japan. Consensus price target of JP¥4,900 unchanged from last update. Share price rose 6.8% to JP¥5,120 over the past week.
分析記事 • Nov 01Subdued Growth No Barrier To Nippon Avionics Co., Ltd. (TSE:6946) With Shares Advancing 29%Nippon Avionics Co., Ltd. ( TSE:6946 ) shareholders have had their patience rewarded with a 29% share price jump in the...
New Risk • Oct 30New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 51% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risk High level of debt (51% net debt to equity).
Reported Earnings • Oct 30Second quarter 2026 earnings released: EPS: JP¥59.92 (vs JP¥34.86 in 2Q 2025)Second quarter 2026 results: EPS: JP¥59.92 (up from JP¥34.86 in 2Q 2025). Revenue: JP¥7.67b (up 53% from 2Q 2025). Net income: JP¥912.0m (up 68% from 2Q 2025). Profit margin: 12% (up from 11% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 10.0% p.a. on average during the next 3 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 10% per year but the company’s share price has increased by 112% per year, which means it is tracking significantly ahead of earnings growth.
分析記事 • Oct 08We Think Nippon Avionics (TSE:6946) Can Stay On Top Of Its DebtHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Valuation Update With 7 Day Price Move • Oct 08Investor sentiment improves as stock rises 22%After last week's 22% share price gain to JP¥5,150, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 16x in the Electronic industry in Japan. Total returns to shareholders of 763% over the past three years.
お知らせ • Oct 04Nippon Avionics Co., Ltd. to Report Q2, 2026 Results on Oct 29, 2025Nippon Avionics Co., Ltd. announced that they will report Q2, 2026 results on Oct 29, 2025
分析記事 • Aug 04Nippon Avionics Co., Ltd.'s (TSE:6946) 34% Price Boost Is Out Of Tune With EarningsNippon Avionics Co., Ltd. ( TSE:6946 ) shares have continued their recent momentum with a 34% gain in the last month...
Reported Earnings • Aug 02First quarter 2026 earnings released: EPS: JP¥25.21 (vs JP¥11.44 in 1Q 2025)First quarter 2026 results: EPS: JP¥25.21 (up from JP¥11.44 in 1Q 2025). Revenue: JP¥5.04b (up 23% from 1Q 2025). Net income: JP¥388.0m (up 103% from 1Q 2025). Profit margin: 7.7% (up from 4.7% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.9% 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 9% per year but the company’s share price has increased by 102% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Aug 01Nippon Avionics Co., Ltd. (TSE:6946) announces an Equity Buyback for 603,500 shares, representing 3.6% for ¥2,000 million.Nippon Avionics Co., Ltd. (TSE:6946) announces a share repurchase program. Under the program, the company will repurchase up to 603,500 shares, representing 3.6% of its issued share capital, for ¥2,000 million. The shares will be repurchased at price of ¥3,314 per share. The shares will be repurchased from NAJ Holdings Co., Ltd. The purpose of the program is to implement a flexible capital policy that responds to changes in the business environment. If the offer is oversubscribed the company may repurchase up to additional 100 shares. The program will be valid till September 1, 2025. As of June 30, 2025, the company has 16,764,810 issued shares (excluding treasury stock) and 1,374,013 treasury shares.
お知らせ • Jul 08Nippon Avionics Co., Ltd. to Report Q1, 2026 Results on Aug 01, 2025Nippon Avionics Co., Ltd. announced that they will report Q1, 2026 results on Aug 01, 2025
Reported Earnings • Jun 27Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: JP¥124 (down from JP¥132 in FY 2024). Revenue: JP¥20.1b (up 11% from FY 2024). Net income: JP¥1.96b (down 8.6% from FY 2024). Profit margin: 9.8% (down from 12% in FY 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 5.3%. Earnings per share (EPS) also missed analyst estimates by 6.6%. Revenue is forecast to grow 7.9% 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 8% per year but the company’s share price has increased by 86% per year, which means it is tracking significantly ahead of earnings growth.
分析記事 • Jun 17Why Investors Shouldn't Be Surprised By Nippon Avionics Co., Ltd.'s (TSE:6946) 25% Share Price SurgeDespite an already strong run, Nippon Avionics Co., Ltd. ( TSE:6946 ) shares have been powering on, with a gain of 25...
Valuation Update With 7 Day Price Move • Jun 17Investor sentiment improves as stock rises 18%After last week's 18% share price gain to JP¥4,195, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 13x in the Electronic industry in Japan. Total returns to shareholders of 523% over the past three years.
Reported Earnings • May 15Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: JP¥124 (down from JP¥132 in FY 2024). Revenue: JP¥20.1b (up 11% from FY 2024). Net income: JP¥1.96b (down 8.6% from FY 2024). Profit margin: 9.8% (down from 12% in FY 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 5.3%. Earnings per share (EPS) also missed analyst estimates by 6.6%. Revenue is forecast to grow 11% 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 8% per year but the company’s share price has increased by 72% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • May 13Nippon Avionics Co., Ltd., Annual General Meeting, Jun 24, 2025Nippon Avionics Co., Ltd., Annual General Meeting, Jun 24, 2025.
分析記事 • May 01After Leaping 25% Nippon Avionics Co., Ltd. (TSE:6946) Shares Are Not Flying Under The RadarNippon Avionics Co., Ltd. ( TSE:6946 ) shares have continued their recent momentum with a 25% gain in the last month...
Valuation Update With 7 Day Price Move • Apr 19Investor sentiment improves as stock rises 23%After last week's 23% share price gain to JP¥3,075, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 11x in the Electronic industry in Japan. Total returns to shareholders of 494% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,510 per share.
Valuation Update With 7 Day Price Move • Apr 04Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to JP¥2,260, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 11x in the Electronic industry in Japan. Total returns to shareholders of 328% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,494 per share.
お知らせ • Mar 27Nippon Avionics Co., Ltd. to Report Fiscal Year 2025 Results on May 13, 2025Nippon Avionics Co., Ltd. announced that they will report fiscal year 2025 results on May 13, 2025
Upcoming Dividend • Mar 21Upcoming dividend of JP¥6.00 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 24 June 2025. Payout ratio is a comfortable 4.7% and this is well supported by cash flows. Trailing yield: 0.2%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (1.7%).
New Risk • Mar 17New 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 7.7% 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. This is currently the only risk that has been identified for the company.
Valuation Update With 7 Day Price Move • Mar 07Investor sentiment improves as stock rises 19%After last week's 19% share price gain to JP¥2,406, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 12x in the Electronic industry in Japan. Total returns to shareholders of 465% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,444 per share.
分析記事 • Mar 06Nippon Avionics Co., Ltd.'s (TSE:6946) P/E Is On The MarkWhen close to half the companies in Japan have price-to-earnings ratios (or "P/E's") below 13x, you may consider Nippon...
Reported Earnings • Feb 01Third quarter 2025 earnings released: EPS: JP¥21.40 (vs JP¥25.40 in 3Q 2024)Third quarter 2025 results: EPS: JP¥21.40 (down from JP¥25.40 in 3Q 2024). Revenue: JP¥4.56b (flat on 3Q 2024). Net income: JP¥331.0m (down 22% from 3Q 2024). Profit margin: 7.3% (down from 9.2% in 3Q 2024). Revenue is forecast to grow 12% 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 9% per year but the company’s share price has increased by 70% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Dec 20Nippon Avionics Co., Ltd. to Report Q3, 2025 Results on Jan 31, 2025Nippon Avionics Co., Ltd. announced that they will report Q3, 2025 results on Jan 31, 2025
Valuation Update With 7 Day Price Move • Nov 08Investor sentiment improves as stock rises 18%After last week's 18% share price gain to JP¥2,620, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 13x in the Electronic industry in Japan. Total returns to shareholders of 383% over the past three years.
Reported Earnings • Oct 31Second quarter 2025 earnings releasedSecond quarter 2025 results: Revenue: JP¥5.02b (flat on 2Q 2024). Net income: JP¥543.0m (down 12% from 2Q 2024). Profit margin: 11% (down from 12% in 2Q 2024). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 7.3% 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 64% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Oct 02Nippon Avionics Co., Ltd. to Report Q2, 2025 Results on Oct 29, 2024Nippon Avionics Co., Ltd. announced that they will report Q2, 2025 results on Oct 29, 2024
Valuation Update With 7 Day Price Move • Oct 01Investor sentiment improves as stock rises 21%After last week's 21% share price gain to JP¥2,821, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 12x in the Electronic industry in Japan. Total returns to shareholders of 505% over the past three years.
分析記事 • Sep 28Nippon Avionics (TSE:6946) Shareholders Will Want The ROCE Trajectory To ContinueIf you're looking for a multi-bagger, there's a few things to keep an eye out for. Amongst other things, we'll want to...
Valuation Update With 7 Day Price Move • Sep 09Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to JP¥10,650, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 11x in the Electronic industry in Japan. Total returns to shareholders of 264% over the past three years.
Reported Earnings • Aug 07First quarter 2025 earnings released: EPS: JP¥57.21 (vs JP¥40.24 in 1Q 2024)First quarter 2025 results: EPS: JP¥57.21 (up from JP¥40.24 in 1Q 2024). Revenue: JP¥4.09b (up 13% from 1Q 2024). Net income: JP¥191.0m (up 49% from 1Q 2024). Profit margin: 4.7% (up from 3.6% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.8% 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 11% per year but the company’s share price has increased by 56% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 32%After last week's 32% share price decline to JP¥8,560, 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 211% over the past three years.
分析記事 • Jul 29Optimistic Investors Push Nippon Avionics Co., Ltd. (TSE:6946) Shares Up 34% But Growth Is LackingThe Nippon Avionics Co., Ltd. ( TSE:6946 ) share price has done very well over the last month, posting an excellent...
Valuation Update With 7 Day Price Move • Jul 17Investor sentiment improves as stock rises 17%After last week's 17% share price gain to JP¥13,520, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 14x in the Electronic industry in Japan. Total returns to shareholders of 311% over the past three years.
お知らせ • Jul 11Nippon Avionics Co., Ltd. to Report Q1, 2025 Results on Aug 02, 2024Nippon Avionics Co., Ltd. announced that they will report Q1, 2025 results on Aug 02, 2024
Valuation Update With 7 Day Price Move • Jul 02Investor sentiment improves as stock rises 17%After last week's 17% share price gain to JP¥10,080, the stock trades at a trailing P/E ratio of 14.4x. Average trailing P/E is 13x in the Electronic industry in Japan. Total returns to shareholders of 187% over the past three years.
Reported Earnings • Jun 26Full year 2024 earnings released: EPS: JP¥659 (vs JP¥641 in FY 2023)Full year 2024 results: EPS: JP¥659 (up from JP¥641 in FY 2023). Revenue: JP¥18.1b (up 1.7% from FY 2023). Net income: JP¥2.15b (up 19% from FY 2023). Profit margin: 12% (up from 10% in FY 2023). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth.
分析記事 • Jun 11Market Cool On Nippon Avionics Co., Ltd.'s (TSE:6946) EarningsWith a median price-to-earnings (or "P/E") ratio of close to 14x in Japan, you could be forgiven for feeling...
Valuation Update With 7 Day Price Move • Jun 11Investor sentiment improves as stock rises 18%After last week's 18% share price gain to JP¥9,670, the stock trades at a trailing P/E ratio of 15x. Average trailing P/E is 13x in the Electronic industry in Japan. Total returns to shareholders of 118% over the past three years.
Valuation Update With 7 Day Price Move • May 20Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to JP¥8,930, the stock trades at a trailing P/E ratio of 13.9x. Average trailing P/E is 13x in the Electronic industry in Japan. Total returns to shareholders of 222% over the past three years.
お知らせ • May 15Nippon Avionics Co., Ltd., Annual General Meeting, Jun 21, 2024Nippon Avionics Co., Ltd., Annual General Meeting, Jun 21, 2024.
Reported Earnings • May 12Full year 2024 earnings released: EPS: JP¥659 (vs JP¥641 in FY 2023)Full year 2024 results: EPS: JP¥659 (up from JP¥641 in FY 2023). Revenue: JP¥18.1b (up 1.7% from FY 2023). Net income: JP¥2.15b (up 19% from FY 2023). Profit margin: 12% (up from 10% in FY 2023). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 48% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Apr 05Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to JP¥9,940, the stock trades at a trailing P/E ratio of 16.5x. Average trailing P/E is 14x in the Electronic industry in Japan. Total returns to shareholders of 201% over the past three years.
お知らせ • Apr 04Nippon Avionics Co., Ltd. to Report Fiscal Year 2024 Results on May 10, 2024Nippon Avionics Co., Ltd. announced that they will report fiscal year 2024 results on May 10, 2024
Upcoming Dividend • Mar 21Upcoming dividend of JP¥30.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 28 June 2024. Trailing yield: 0.3%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (1.4%).
Valuation Update With 7 Day Price Move • Mar 05Investor sentiment improves as stock rises 16%After last week's 16% share price gain to JP¥12,030, the stock trades at a trailing P/E ratio of 19.9x. Average trailing P/E is 14x in the Electronic industry in Japan. Total returns to shareholders of 398% over the past three years.
分析記事 • Feb 29Optimistic Investors Push Nippon Avionics Co., Ltd. (TSE:6946) Shares Up 28% But Growth Is LackingDespite an already strong run, Nippon Avionics Co., Ltd. ( TSE:6946 ) shares have been powering on, with a gain of 28...
Valuation Update With 7 Day Price Move • Feb 07Investor sentiment improves as stock rises 17%After last week's 17% share price gain to JP¥10,580, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 15x in the Electronic industry in Japan. Total returns to shareholders of 375% over the past three years.
Reported Earnings • Feb 02Third quarter 2024 earnings released: EPS: JP¥127 (vs JP¥155 in 3Q 2023)Third quarter 2024 results: EPS: JP¥127 (down from JP¥155 in 3Q 2023). Revenue: JP¥4.58b (down 3.7% from 3Q 2023). Net income: JP¥422.0m (down 3.7% from 3Q 2023). Profit margin: 9.2% (in line with 3Q 2023). Revenue is forecast to grow 11% 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 14% per year but the company’s share price has increased by 60% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Dec 30Nippon Avionics Co., Ltd. to Report Q3, 2024 Results on Jan 31, 2024Nippon Avionics Co., Ltd. announced that they will report Q3, 2024 results on Jan 31, 2024
Valuation Update With 7 Day Price Move • Nov 14Investor sentiment improves as stock rises 16%After last week's 16% share price gain to JP¥7,680, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 13x in the Electronic industry in Japan. Total returns to shareholders of 298% over the past three years.
Reported Earnings • Nov 01Second quarter 2024 earnings released: EPS: JP¥192 (vs JP¥209 in 2Q 2023)Second quarter 2024 results: EPS: JP¥192. Revenue: JP¥5.06b (up 10% from 2Q 2023). Net income: JP¥616.0m (up 4.4% from 2Q 2023). Profit margin: 12% (in line with 2Q 2023). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Electronic industry in Japan.
New Risk • Oct 31New 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 Shareholders have been diluted in the past year (34% increase in shares outstanding).
Valuation Update With 7 Day Price Move • Oct 31Investor sentiment improves as stock rises 16%After last week's 16% share price gain to JP¥7,050, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Electronic industry in Japan. Total returns to shareholders of 269% over the past three years.
お知らせ • Sep 28Nippon Avionics Co., Ltd. to Report Q2, 2024 Results on Oct 30, 2023Nippon Avionics Co., Ltd. announced that they will report Q2, 2024 results on Oct 30, 2023
Valuation Update With 7 Day Price Move • Aug 09Investor sentiment improves as stock rises 15%After last week's 15% share price gain to JP¥5,640, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 13x in the Electronic industry in Japan. Total returns to shareholders of 196% over the past three years.
Reported Earnings • Jul 28First quarter 2024 earnings released: EPS: JP¥40.24 (vs JP¥22.31 loss in 1Q 2023)First quarter 2024 results: EPS: JP¥40.24 (up from JP¥22.31 loss in 1Q 2023). Revenue: JP¥3.61b (up 11% from 1Q 2023). Net income: JP¥128.0m (up JP¥191.0m from 1Q 2023). Profit margin: 3.6% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 28% 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 • Jun 05Investor sentiment improves as stock rises 15%After last week's 15% share price gain to JP¥5,020, the stock trades at a trailing P/E ratio of 10.1x. Average trailing P/E is 12x in the Electronic industry in Japan. Total returns to shareholders of 70% over the past three years.
Reported Earnings • May 17Full year 2023 earnings released: EPS: JP¥643 (vs JP¥575 in FY 2022)Full year 2023 results: EPS: JP¥643 (up from JP¥575 in FY 2022). Revenue: JP¥17.8b (down 7.7% from FY 2022). Net income: JP¥1.82b (up 12% from FY 2022). Profit margin: 10% (up from 8.5% in FY 2022). The increase in margin was driven by lower expenses. 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 25% per year, which means it is significantly lagging earnings growth.
お知らせ • May 14Nippon Avionics Co., Ltd. (TSE:6946) announces an Equity Buyback for 75,000 shares, representing 2.35% for ¥300 million.Nippon Avionics Co., Ltd. (TSE:6946) announces a share repurchase program. Under the program, the company will repurchase up to 75,000 shares, representing 2.35% of its share capital, for ¥300 million.The purpose of the program is to increase capital efficiency and improve corporate value. rice field. The program will expire on March 31, 2024. As of March 31, 2023, the company had 3,186,695 shares in issue (excluding treasury stock) and 4,467 shares in treasury.
Valuation Update With 7 Day Price Move • Feb 17Investor sentiment improves as stock rises 17%After last week's 17% share price gain to JP¥4,685, the stock trades at a trailing P/E ratio of 9x. Average trailing P/E is 11x in the Electronic industry in Japan. Total returns to shareholders of 231% over the past three years.
Reported Earnings • Jan 31Third quarter 2023 earnings released: EPS: JP¥155 (vs JP¥89.14 in 3Q 2022)Third quarter 2023 results: EPS: JP¥155 (up from JP¥89.14 in 3Q 2022). Revenue: JP¥4.76b (up 5.1% from 3Q 2022). Net income: JP¥438.0m (up 74% from 3Q 2022). Profit margin: 9.2% (up from 5.6% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 40% per year whereas the company’s share price has increased by 38% per year.
お知らせ • Jan 14Nippon Avionics Co., Ltd. to Report Q3, 2023 Results on Jan 30, 2023Nippon Avionics Co., Ltd. announced that they will report Q3, 2023 results on Jan 30, 2023
Valuation Update With 7 Day Price Move • Dec 15Investor sentiment improved over the past weekAfter last week's 18% share price gain to JP¥3,255, the stock trades at a trailing P/E ratio of 7.2x. Average trailing P/E is 11x in the Electronic industry in Japan. Total returns to shareholders of 189% over the past three years.
Board Change • Nov 16High number of new and inexperienced directorsThere are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 3 experienced directors. No highly experienced directors. Part-Time External Corporate Auditor Maiko Chihara is the most experienced director on the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
Reported Earnings • Nov 02Second quarter 2023 earnings released: EPS: JP¥209 (vs JP¥246 in 2Q 2022)Second quarter 2023 results: EPS: JP¥209 (down from JP¥246 in 2Q 2022). Revenue: JP¥4.60b (down 13% from 2Q 2022). Net income: JP¥590.0m (down 15% from 2Q 2022). Profit margin: 13% (in line with 2Q 2022). Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 03First quarter 2023 earnings released: JP¥22.31 loss per share (vs JP¥63.41 profit in 1Q 2022)First quarter 2023 results: JP¥22.31 loss per share (down from JP¥63.41 profit in 1Q 2022). Revenue: JP¥3.26b (down 25% from 1Q 2022). Net loss: JP¥63.0m (down 135% from profit in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Jun 26Full year 2022 earnings releasedFull year 2022 results: Revenue: JP¥19.2b (down 4.8% from FY 2021). Net income: JP¥1.63b (up 58% from FY 2021). Profit margin: 8.5% (up from 5.1% in FY 2021). The increase in margin was driven by lower expenses.
Valuation Update With 7 Day Price Move • Jun 07Investor sentiment improved over the past weekAfter last week's 29% share price gain to JP¥3,920, the stock trades at a trailing P/E ratio of 6.8x. Average trailing P/E is 12x in the Electronic industry in Japan. Total returns to shareholders of 245% over the past three years.
Reported Earnings • May 19Full year 2022 earnings released: EPS: JP¥575 (vs JP¥365 in FY 2021)Full year 2022 results: EPS: JP¥575 (up from JP¥365 in FY 2021). Revenue: JP¥19.2b (down 4.8% from FY 2021). Net income: JP¥1.63b (up 58% from FY 2021). Profit margin: 8.5% (up from 5.1% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 42% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • May 18Investor sentiment improved over the past weekAfter last week's 24% share price gain to JP¥3,285, the stock trades at a trailing P/E ratio of 6.1x. Average trailing P/E is 12x in the Electronic industry in Japan. Total returns to shareholders of 177% over the past three years.
Board Change • Apr 27High number of new and inexperienced directorsThere are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 3 experienced directors. No highly experienced directors. Part-Time External Corporate Auditor Maiko Chihara is the most experienced director on the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
Reported Earnings • Jan 28Third quarter 2022 earnings: Revenues and EPS in line with analyst expectationsThird quarter 2022 results: EPS: JP¥89.13 (down from JP¥108 in 3Q 2021). Revenue: JP¥4.53b (down 15% from 3Q 2021). Net income: JP¥252.0m (down 17% from 3Q 2021). Profit margin: 5.6% (down from 5.7% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Jan 28Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to JP¥1,948, the stock trades at a trailing P/E ratio of 3.5x. Average trailing P/E is 12x in the Electronic industry in Japan. Total returns to shareholders of 73% over the past three years.
Valuation Update With 7 Day Price Move • Nov 19Investor sentiment improved over the past weekAfter last week's 15% share price gain to JP¥3,160, the stock trades at a trailing P/E ratio of 5.7x. Average trailing P/E is 13x in the Electronic industry in Japan. Total returns to shareholders of 132% over the past three years.
Reported Earnings • Oct 29Second quarter 2022 earnings released: EPS JP¥246 (vs JP¥176 in 2Q 2021)The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2022 results: Revenue: JP¥5.27b (down 3.1% from 2Q 2021). Net income: JP¥694.0m (up 40% from 2Q 2021). Profit margin: 13% (up from 9.1% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Jul 31First quarter 2022 earnings released: EPS JP¥63.39 (vs JP¥61.64 loss in 1Q 2021)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥4.37b (up 18% from 1Q 2021). Net income: JP¥179.0m (up JP¥353.0m from 1Q 2021). Profit margin: 4.1% (up from net loss in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.