Hamamatsu Photonics K.K（6965）株式概要浜松ホトニクス株式会社は、光電子増倍管、イメージングデバイス、光源、光半導体、イメージング・分析システムなどを製造し、国内外で販売しています。 詳細6965 ファンダメンタル分析スノーフレーク・スコア評価0/6将来の成長3/6過去の実績1/6財務の健全性5/6配当金3/6報酬収益は年間15.59%増加すると予測されています リスク分析JP市場と比較して、過去 3 か月間の株価の変動が非常に大きい利益率(6.2%)は昨年より低い(8.9%) すべてのリスクチェックを見る6965 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¥2.91k4.0% 割安 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture0289b2016201920222025202620282031Revenue JP¥288.6bEarnings JP¥17.9bAdvancedSet Fair ValueView all narrativesHamamatsu Photonics K.K. 競合他社Hirose ElectricLtdSymbol: TSE:6806Market cap: JP¥777.3bOMRONSymbol: TSE:6645Market cap: JP¥1.1tDexerialsSymbol: TSE:4980Market cap: JP¥682.7bMaruwaLtdSymbol: TSE:5344Market cap: JP¥917.5b価格と性能株価の高値、安値、推移の概要Hamamatsu Photonics K.K過去の株価現在の株価JP¥2,910.5052週高値JP¥2,923.0052週安値JP¥1,469.50ベータ0.711ヶ月の変化51.47%3ヶ月変化56.14%1年変化95.86%3年間の変化-19.93%5年間の変化-13.64%IPOからの変化931.57%最新ニュースReported Earnings • May 18Second quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2026 results: EPS: JP¥22.02 (up from JP¥19.23 in 2Q 2025). Revenue: JP¥60.6b (up 7.9% from 2Q 2025). Net income: JP¥6.44b (up 12% from 2Q 2025). Profit margin: 11% (in line with 2Q 2025). Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) missed analyst estimates by 29%. Revenue is forecast to grow 5.8% p.a. on average during the next 3 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 fallen by 45% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.ライブニュース • May 17Hamamatsu Photonics Expects Stronger Second Half After Interim Profit Falls and Sales Climb 5.4%Hamamatsu Photonics reported first-half FY2026 net sales up 5.4% year over year, supported by demand in semiconductor, industrial equipment, and medical-bio markets. Operating profit for the same period declined 7.0%, with management citing margin pressure and higher R&D expenses. The company kept its interim dividend at ¥19 per share and raised full-year forecasts, targeting 9.4% revenue growth and double-digit profit growth, while continuing share buybacks. The key tension is between short-term profit softness and higher spending on one side and management’s confidence in a stronger second half and healthier margins on the other. Investors may want to watch whether margin recovery and order trends in core end-markets track in line with the upgraded guidance, especially given the geopolitical and logistics risks highlighted by the company.New Risk • May 15New 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 10% 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 (10% average weekly change). Minor Risk Profit margins are more than 30% lower than last year (6.0% net profit margin).Valuation Update With 7 Day Price Move • May 15Investor sentiment improves as stock rises 21%After last week's 21% share price gain to JP¥2,657, the stock trades at a forward P/E ratio of 51x. Average forward P/E is 18x in the Electronic industry in Japan. Total loss to shareholders of 23% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,393 per share.お知らせ • May 09Hamamatsu Photonics K.K. to Report Q2, 2026 Results on May 14, 2026Hamamatsu Photonics K.K. announced that they will report Q2, 2026 results on May 14, 2026Buy Or Sell Opportunity • Mar 24Now 25% overvalued after recent price riseOver the last 90 days, the stock has risen 9.0% to JP¥1,847. The fair value is estimated to be JP¥1,483, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 42%. For the next 3 years, revenue is forecast to grow by 5.9% per annum. Earnings are also forecast to grow by 17% per annum over the same time period.最新情報をもっと見るRecent updatesReported Earnings • May 18Second quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2026 results: EPS: JP¥22.02 (up from JP¥19.23 in 2Q 2025). Revenue: JP¥60.6b (up 7.9% from 2Q 2025). Net income: JP¥6.44b (up 12% from 2Q 2025). Profit margin: 11% (in line with 2Q 2025). Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) missed analyst estimates by 29%. Revenue is forecast to grow 5.8% p.a. on average during the next 3 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 fallen by 45% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.ライブニュース • May 17Hamamatsu Photonics Expects Stronger Second Half After Interim Profit Falls and Sales Climb 5.4%Hamamatsu Photonics reported first-half FY2026 net sales up 5.4% year over year, supported by demand in semiconductor, industrial equipment, and medical-bio markets. Operating profit for the same period declined 7.0%, with management citing margin pressure and higher R&D expenses. The company kept its interim dividend at ¥19 per share and raised full-year forecasts, targeting 9.4% revenue growth and double-digit profit growth, while continuing share buybacks. The key tension is between short-term profit softness and higher spending on one side and management’s confidence in a stronger second half and healthier margins on the other. Investors may want to watch whether margin recovery and order trends in core end-markets track in line with the upgraded guidance, especially given the geopolitical and logistics risks highlighted by the company.New Risk • May 15New 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 10% 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 (10% average weekly change). Minor Risk Profit margins are more than 30% lower than last year (6.0% net profit margin).Valuation Update With 7 Day Price Move • May 15Investor sentiment improves as stock rises 21%After last week's 21% share price gain to JP¥2,657, the stock trades at a forward P/E ratio of 51x. Average forward P/E is 18x in the Electronic industry in Japan. Total loss to shareholders of 23% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,393 per share.お知らせ • May 09Hamamatsu Photonics K.K. to Report Q2, 2026 Results on May 14, 2026Hamamatsu Photonics K.K. announced that they will report Q2, 2026 results on May 14, 2026Buy Or Sell Opportunity • Mar 24Now 25% overvalued after recent price riseOver the last 90 days, the stock has risen 9.0% to JP¥1,847. The fair value is estimated to be JP¥1,483, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 42%. For the next 3 years, revenue is forecast to grow by 5.9% per annum. Earnings are also forecast to grow by 17% per annum over the same time period.Upcoming Dividend • Mar 23Upcoming dividend of JP¥19.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 03 June 2026. Payout ratio is on the higher end at 89%, and the cash payout ratio is above 100%. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%).New Risk • Mar 04New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.8% 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 (dividend per share is over 19x cash flows per share). Share price has been volatile over the past 3 months (5.8% average weekly change). Profit margins are more than 30% lower than last year (6.0% net profit margin).Valuation Update With 7 Day Price Move • Feb 25Investor sentiment improves as stock rises 15%After last week's 15% share price gain to JP¥2,032, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 17x in the Electronic industry in Japan. Total loss to shareholders of 36% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,467 per share.Buy Or Sell Opportunity • Feb 17Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 17% to JP¥1,769. The fair value is estimated to be JP¥1,459, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 42%. For the next 3 years, revenue is forecast to grow by 5.9% per annum. Earnings are also forecast to grow by 17% per annum over the same time period.分析記事 • Feb 13Hamamatsu Photonics K.K (TSE:6965) Is Paying Out A Dividend Of ¥19.00The board of Hamamatsu Photonics K.K. ( TSE:6965 ) has announced that it will pay a dividend of ¥19.00 per share on the...Reported Earnings • Feb 07First quarter 2026 earnings released: EPS: JP¥9.38 (vs JP¥13.76 in 1Q 2025)First quarter 2026 results: EPS: JP¥9.38 (down from JP¥13.76 in 1Q 2025). Revenue: JP¥51.9b (up 2.6% from 1Q 2025). Net income: JP¥2.78b (down 34% from 1Q 2025). Profit margin: 5.4% (down from 8.3% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.7% 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 42% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings.分析記事 • Jan 23Is Hamamatsu Photonics K.K. (TSE:6965) Worth JP¥1.8k Based On Its Intrinsic Value?Key Insights Using the 2 Stage Free Cash Flow to Equity, Hamamatsu Photonics K.K fair value estimate is JP¥1,379...分析記事 • Jan 08Hamamatsu Photonics K.K (TSE:6965) Is Paying Out A Dividend Of ¥19.00Hamamatsu Photonics K.K. ( TSE:6965 ) will pay a dividend of ¥19.00 on the 3rd of June. Based on this payment, the...Declared Dividend • Jan 08Final dividend of JP¥19.00 announcedDividend of JP¥19.00 is the same as last year. Ex-date: 30th March 2026 Payment date: 3rd June 2026 Dividend yield will be 2.2%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (80% earnings payout ratio) but not covered by cash flows (dividend approximately 20x free cash flows). The dividend has increased by an average of 9.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 43% over the next 3 years, which should provide support to the dividend and adequate earnings cover.分析記事 • Jan 07Investors Appear Satisfied With Hamamatsu Photonics K.K.'s (TSE:6965) ProspectsWhen close to half the companies in Japan have price-to-earnings ratios (or "P/E's") below 14x, you may consider...分析記事 • Dec 13Hamamatsu Photonics K.K (TSE:6965) Has A Pretty Healthy Balance SheetHoward 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 • Dec 09Investor sentiment improves as stock rises 16%After last week's 16% share price gain to JP¥1,786, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 16x in the Electronic industry in Japan. Total loss to shareholders of 46% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,537 per share.お知らせ • Dec 05Hamamatsu Photonics K.K. to Report Q1, 2026 Results on Feb 05, 2026Hamamatsu Photonics K.K. announced that they will report Q1, 2026 results on Feb 05, 2026Major Estimate Revision • Dec 03Consensus EPS estimates fall by 13%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from JP¥57.51 to JP¥49.90 per share. Revenue forecast steady at JP¥225.8b. Net income forecast to grow 5.3% next year vs 11% growth forecast for Electronic industry in Japan. Consensus price target broadly unchanged at JP¥1,875. Share price was steady at JP¥1,558 over the past week.分析記事 • Nov 16Earnings Troubles May Signal Larger Issues for Hamamatsu Photonics K.K (TSE:6965) ShareholdersInvestors were disappointed by Hamamatsu Photonics K.K.'s ( TSE:6965 ) latest earnings release. We did some further...お知らせ • Nov 09Hamamatsu Photonics K.K. (TSE:6965) announces an Equity Buyback for 15,000,000 shares, representing 5.02% for ¥20,000 million.Hamamatsu Photonics K.K. (TSE:6965) announces a share repurchase program. Under the program, the company will repurchase up to 15,000,000 shares, representing 5.02% of its share capital, for ¥20,000 million. The company will repurchase its shares as part of its capital policy in response to changes in the business environment and as part of the company's comprehensive shareholder return policy. The share repurchase program will run until September 30, 2026.Reported Earnings • Nov 08Full year 2025 earnings: Revenues and EPS in line with analyst expectationsFull year 2025 results: EPS: JP¥47.32 (down from JP¥81.18 in FY 2024). Revenue: JP¥212.1b (up 4.0% from FY 2024). Net income: JP¥14.2b (down 44% from FY 2024). Profit margin: 6.7% (down from 12% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 6.0% 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 36% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings.お知らせ • Nov 07Hamamatsu Photonics K.K., Annual General Meeting, Dec 19, 2025Hamamatsu Photonics K.K., Annual General Meeting, Dec 19, 2025.New Risk • Nov 05New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 7.9% 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 (7.9% average weekly change). Minor Risks Dividend is not well covered by cash flows (220% cash payout ratio). Profit margins are more than 30% lower than last year (6.9% net profit margin).Buy Or Sell Opportunity • Oct 27Now 26% overvaluedOver the last 90 days, the stock has fallen 1.1% to JP¥1,812. The fair value is estimated to be JP¥1,433, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 29%. For the next 3 years, revenue is forecast to grow by 6.0% per annum. Earnings are also forecast to grow by 14% per annum over the same time period.分析記事 • Sep 24Returns On Capital At Hamamatsu Photonics K.K (TSE:6965) Paint A Concerning PictureThere are a few key trends to look for if we want to identify the next multi-bagger. Ideally, a business will show two...Upcoming Dividend • Sep 22Upcoming dividend of JP¥19.00 per shareEligible shareholders must have bought the stock before 29 September 2025. Payment date: 23 December 2025. Payout ratio is on the higher end at 80%, and the cash payout ratio is above 100%. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%).お知らせ • Sep 14Hamamatsu Photonics K.K. to Report Fiscal Year 2025 Results on Nov 07, 2025Hamamatsu Photonics K.K. announced that they will report fiscal year 2025 results on Nov 07, 2025Major Estimate Revision • Sep 02Consensus EPS estimates fall by 11%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from JP¥59.05 to JP¥52.71 per share. Revenue forecast steady at JP¥215.9b. Net income forecast to grow 36% next year vs 16% growth forecast for Electronic industry in Japan. Consensus price target down from JP¥2,094 to JP¥2,044. Share price fell 5.9% to JP¥1,514 over the past week.分析記事 • Aug 25Hamamatsu Photonics K.K.'s (TSE:6965) Intrinsic Value Is Potentially 28% Above Its Share PriceKey Insights Hamamatsu Photonics K.K's estimated fair value is JP¥2,121 based on 2 Stage Free Cash Flow to Equity...Reported Earnings • Aug 08Third quarter 2025 earnings: EPS and revenues miss analyst expectationsThird quarter 2025 results: JP¥1.10 loss per share (down from JP¥11.75 profit in 3Q 2024). Revenue: JP¥48.7b (up 4.6% from 3Q 2024). Net loss: JP¥327.0m (down 109% from profit in 3Q 2024). Revenue missed analyst estimates by 7.7%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 6.4% 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 fallen by 29% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings.分析記事 • Aug 01Shareholders Should Be Pleased With Hamamatsu Photonics K.K.'s (TSE:6965) PriceWith a price-to-earnings (or "P/E") ratio of 30.6x Hamamatsu Photonics K.K. ( TSE:6965 ) may be sending very bearish...Buy Or Sell Opportunity • Jul 01Now 21% undervaluedOver the last 90 days, the stock has risen 17% to JP¥1,726. The fair value is estimated to be JP¥2,172, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 20%. For the next 3 years, revenue is forecast to grow by 6.1% per annum. Earnings are also forecast to grow by 14% per annum over the same time period.お知らせ • Jun 27Hamamatsu Photonics K.K. to Report Q3, 2025 Results on Aug 07, 2025Hamamatsu Photonics K.K. announced that they will report Q3, 2025 results on Aug 07, 2025分析記事 • Jun 16Here's Why Hamamatsu Photonics K.K (TSE:6965) Can Manage Its Debt ResponsiblyLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Declared Dividend • Jun 04First half dividend of JP¥19.00 announcedShareholders will receive a dividend of JP¥19.00. Ex-date: 29th September 2025 Payment date: 23rd December 2025 Dividend yield will be 2.5%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (63% earnings payout ratio) but not covered by cash flows (220% cash payout ratio). The dividend has increased by an average of 9.7% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 56% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • May 10Second quarter 2025 earnings released: EPS: JP¥19.23 (vs JP¥25.27 in 2Q 2024)Second quarter 2025 results: EPS: JP¥19.23 (down from JP¥25.27 in 2Q 2024). Revenue: JP¥56.2b (up 11% from 2Q 2024). Net income: JP¥5.75b (down 27% from 2Q 2024). Profit margin: 10% (down from 16% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.9% 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 fallen by 20% per year whereas the company’s share price has fallen by 23% per year.New Risk • Apr 07New 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 6.4% 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 (133% cash payout ratio). Share price has been volatile over the past 3 months (6.4% average weekly change). Profit margins are more than 30% lower than last year (10% net profit margin).Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to JP¥1,163, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 10x in the Electronic industry in Japan. Total loss to shareholders of 59% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,227 per share.お知らせ • Mar 29Hamamatsu Photonics K.K. to Report Q2, 2025 Results on May 09, 2025Hamamatsu Photonics K.K. announced that they will report Q2, 2025 results on May 09, 2025Upcoming Dividend • Mar 21Upcoming dividend of JP¥19.00 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 04 June 2025. Payout ratio is a comfortable 57% but the company is paying out more than the cash it is generating. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.7%).Buy Or Sell Opportunity • Feb 20Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 7.4% to JP¥1,683. The fair value is estimated to be JP¥2,130, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.7% over the last 3 years. Earnings per share has declined by 10%. For the next 3 years, revenue is forecast to grow by 6.9% per annum. Earnings are also forecast to grow by 13% per annum over the same time period.Reported Earnings • Feb 07First quarter 2025 earnings: EPS and revenues miss analyst expectationsFirst quarter 2025 results: EPS: JP¥13.76 (down from JP¥28.88 in 1Q 2024). Revenue: JP¥50.6b (down 5.5% from 1Q 2024). Net income: JP¥4.19b (down 53% from 1Q 2024). Profit margin: 8.3% (down from 17% in 1Q 2024). The decrease in margin was primarily driven by lower revenue. Revenue missed analyst estimates by 4.9%. Earnings per share (EPS) also missed analyst estimates by 67%. Revenue is forecast to grow 8.3% 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 fallen by 10% per year but the company’s share price has fallen by 16% per year, which means it is performing significantly worse than earnings.Declared Dividend • Jan 06Final dividend of JP¥19.00 announcedShareholders will receive a dividend of JP¥19.00. Ex-date: 28th March 2025 Payment date: 4th June 2025 Dividend yield will be 3.3%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (47% earnings payout ratio) but not covered by cash flows (134% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 28% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Jan 03Hamamatsu Photonics K.K. to Report Q1, 2025 Results on Feb 06, 2025Hamamatsu Photonics K.K. announced that they will report Q1, 2025 results on Feb 06, 2025Price Target Changed • Dec 17Price target decreased by 10% to JP¥2,314Down from JP¥2,571, the current price target is an average from 7 analysts. New target price is 30% above last closing price of JP¥1,786. Stock is down 38% over the past year. The company is forecast to post earnings per share of JP¥68.96 for next year compared to JP¥81.18 last year.Major Estimate Revision • Nov 26Consensus EPS estimates fall by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from JP¥223.9b to JP¥219.8b. EPS estimate also fell from JP¥82.28 per share to JP¥72.55 per share. Net income forecast to shrink 11% next year vs 15% growth forecast for Electronic industry in Japan . Consensus price target down from JP¥2,650 to JP¥2,571. Share price was steady at JP¥1,740 over the past week.Valuation Update With 7 Day Price Move • Nov 15Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to JP¥1,693, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 12x in the Electronic industry in Japan. Total loss to shareholders of 52% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,262 per share.New Risk • Nov 11New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (137% cash payout ratio). Share price has been volatile over the past 3 months (5.9% average weekly change). Profit margins are more than 30% lower than last year (12% net profit margin).Reported Earnings • Nov 09Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: EPS: JP¥162. Revenue: JP¥204.0b (down 7.9% from FY 2023). Net income: JP¥25.1b (down 41% from FY 2023). Profit margin: 12% (down from 19% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.6%. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Electronic industry in Japan.お知らせ • Nov 08+ 1 more updateHamamatsu Photonics K.K., Annual General Meeting, Dec 20, 2024Hamamatsu Photonics K.K., Annual General Meeting, Dec 20, 2024.Price Target Changed • Oct 22Price target decreased by 11% to JP¥2,558Down from JP¥2,875, the current price target is an average from 6 analysts. New target price is 28% above last closing price of JP¥1,998. Stock is down 31% over the past year. The company is forecast to post earnings per share of JP¥85.45 for next year compared to JP¥138 last year.Major Estimate Revision • Oct 17Consensus EPS estimates increase by 16%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from JP¥85.45 to JP¥99.53. Revenue forecast unchanged at JP¥205.6b. Net income forecast to shrink 8.9% next year vs 8.1% growth forecast for Electronic industry in Japan . Consensus price target of JP¥2,707 unchanged from last update. Share price fell 4.4% to JP¥2,001 over the past week.お知らせ • Sep 26Hamamatsu Photonics K.K. to Report Fiscal Year 2024 Results on Nov 08, 2024Hamamatsu Photonics K.K. announced that they will report fiscal year 2024 results on Nov 08, 2024Upcoming Dividend • Sep 20Upcoming dividend of JP¥38.00 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 25 December 2024. Payout ratio is a comfortable 38% and the cash payout ratio is 96%. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.5%).Price Target Changed • Aug 26Price target decreased by 8.5% to JP¥5,750Down from JP¥6,283, the current price target is an average from 6 analysts. New target price is 47% above last closing price of JP¥3,919. Stock is down 42% over the past year. The company is forecast to post earnings per share of JP¥173 for next year compared to JP¥277 last year.Reported Earnings • Aug 11Third quarter 2024 earnings releasedThird quarter 2024 results: Net income: (down JP¥8.72b from profit in 3Q 2023). Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.Buy Or Sell Opportunity • Jul 24Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 26% to JP¥4,200. The fair value is estimated to be JP¥5,416, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 20%. For the next 3 years, revenue is forecast to grow by 6.0% per annum. Earnings are also forecast to grow by 2.4% per annum over the same time period.お知らせ • Jul 17Hamamatsu Photonics K.K. to Report Q3, 2024 Results on Aug 08, 2024Hamamatsu Photonics K.K. announced that they will report Q3, 2024 results on Aug 08, 2024Buy Or Sell Opportunity • Jul 01Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 18% to JP¥4,293. The fair value is estimated to be JP¥5,348, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 20%. For the next 3 years, revenue is forecast to grow by 6.0% per annum. Earnings are also forecast to grow by 2.4% per annum over the same time period.お知らせ • Jun 21Hamamatsu Photonics K.K. (TSE:6965) announces an Equity Buyback for 2,800,000 shares, representing 1.33% for ¥10,000 million.Hamamatsu Photonics K.K. (TSE:6965) announces a share repurchase program. Under the program, the company will repurchase up to 2,800,000 shares, representing 1.33% of its share capital, for ¥10,000 million. The company will repurchase its shares as part of its capital policy in response to changes in the business environment and as part of the company's comprehensive shareholder return policy. The repurchased shares will be cancelled to dispel concerns about future dilution of shares. The share repurchase program will run until December 30, 2024.Buy Or Sell Opportunity • Jun 21Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 21% to JP¥4,347. The fair value is estimated to be JP¥5,443, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 20%. For the next 3 years, revenue is forecast to grow by 6.2% per annum. Earnings are also forecast to grow by 3.6% per annum over the same time period.お知らせ • May 12+ 1 more updateHamamatsu Photonics K.K. Revises Consolidated Earnings Guidance for the Fiscal Year Ending September 30, 2024Hamamatsu Photonics K.K. revised consolidated earnings guidance for the fiscal year ending September 30, 2024. For the year, the company now expects Net sales of JPY 211,100 million, Operating profit of JPY 37,500 million, Profit attributable to owners of parent of JPY 29,400 million and earnings per share of JPY 189.84 against previous guidance of Net sales of JPY 224,300 million, Operating profit of JPY 48,400 million, Profit attributable to owners of parent of JPY 36,700 million and earnings per share of JPY 237.00.Reported Earnings • May 11Second quarter 2024 earnings: EPS and revenues miss analyst expectationsSecond quarter 2024 results: EPS: JP¥50.53 (down from JP¥80.27 in 2Q 2023). Revenue: JP¥50.5b (down 11% from 2Q 2023). Net income: JP¥7.83b (down 37% from 2Q 2023). Profit margin: 16% (down from 22% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 4.5%. Earnings per share (EPS) also missed analyst estimates by 13%. Revenue is forecast to grow 5.6% 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 20% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.お知らせ • Mar 28Hamamatsu Photonics K.K. to Report Q2, 2024 Results on May 09, 2024Hamamatsu Photonics K.K. announced that they will report Q2, 2024 results on May 09, 2024Upcoming Dividend • Mar 21Upcoming dividend of JP¥38.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 03 June 2024. Payout ratio is a comfortable 29% but the company is paying out more than the cash it is generating. Trailing yield: 1.4%. Lower than top quartile of Japanese dividend payers (3.2%). In line with average of industry peers (1.4%).Reported Earnings • Feb 10First quarter 2024 earnings: EPS exceeds analyst expectationsFirst quarter 2024 results: EPS: JP¥57.77 (down from JP¥73.11 in 1Q 2023). Revenue: JP¥53.5b (down 3.0% from 1Q 2023). Net income: JP¥8.95b (down 21% from 1Q 2023). Profit margin: 17% (down from 21% in 1Q 2023). The decrease in margin was primarily driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 16%. Revenue is forecast to grow 5.3% 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 28% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.Reported Earnings • Dec 28Full year 2023 earnings: EPS exceeds analyst expectationsFull year 2023 results: EPS: JP¥277 (up from JP¥267 in FY 2022). Revenue: JP¥221.4b (up 6.1% from FY 2022). Net income: JP¥42.8b (up 3.7% from FY 2022). Profit margin: 19% (in line with FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.2%. Revenue is forecast to grow 5.1% 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 34% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.お知らせ • Nov 27Hamamatsu Photonics K.K. to Report Q1, 2024 Results on Feb 08, 2024Hamamatsu Photonics K.K. announced that they will report Q1, 2024 results on Feb 08, 2024お知らせ • Nov 13Hamamatsu Photonics K.K., Annual General Meeting, Dec 22, 2023Hamamatsu Photonics K.K., Annual General Meeting, Dec 22, 2023.Reported Earnings • Nov 12Full year 2023 earnings: EPS exceeds analyst expectationsFull year 2023 results: EPS: JP¥277 (up from JP¥267 in FY 2022). Revenue: JP¥221.4b (up 6.1% from FY 2022). Net income: JP¥42.8b (up 3.7% from FY 2022). Profit margin: 19% (in line with FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.2%. Revenue is forecast to grow 6.1% 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 34% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.お知らせ • Sep 28Hamamatsu Photonics K.K. to Report Fiscal Year 2023 Results on Nov 10, 2023Hamamatsu Photonics K.K. announced that they will report fiscal year 2023 results on Nov 10, 2023株主還元6965JP ElectronicJP 市場7D9.5%7.1%1.2%1Y95.9%91.2%42.1%株主還元を見る業界別リターン: 6965過去 1 年間で91.2 % の収益を上げたJP Electronic業界を上回りました。リターン対市場: 6965過去 1 年間で42.1 % の収益を上げたJP市場を上回りました。価格変動Is 6965's price volatile compared to industry and market?6965 volatility6965 Average Weekly Movement11.0%Electronic Industry Average Movement6.9%Market Average Movement5.0%10% most volatile stocks in JP Market9.6%10% least volatile stocks in JP Market2.5%安定した株価: 6965の株価は、 JP市場と比較して過去 3 か月間で変動しています。時間の経過による変動: 6965の weekly volatility ( 11% ) は過去 1 年間安定していますが、依然としてJPの株式の 75% よりも高くなっています。会社概要設立従業員CEO（最高経営責任者ウェブサイト19536,601Tadashi Marunowww.hamamatsu.com浜松ホトニクス株式会社は、光電子増倍管、イメージングデバイス、光源、光半導体、イメージング・分析システムを日本および海外で製造・販売している。4つのセグメントを通じて事業を展開している：電子管、光半導体、画像・計測機器、レーザー、その他。同社は、フォトダイオード、アバランシェフォトダイオード、光集積回路、多画素フォトンカウンター、単一光子アバランシェダイオード、光電子増倍管、光電管、イメージセンサー、分光計、スペクトルセンサー、赤外線検出器、紫外線・炎センサー、放射線・X線センサー、電子・イオンセンサー、距離・位置センサー、テラヘルツセンサーなどの光センサーを提供している。また、光学ブロック、光ファイバープレート、FACレンズ、コリメートキャピラリーレンズ、キャピラリープレート、フローセル、LCOS-SLM光位相変調器、画像分割光学部品、MEMSミラー、テラヘルツ波プレート、多孔質転写プレート、フォトニック結晶ファイバー、QPM光モジュールなどの光学部品も提供している。さらに、qCMOS、CMOS、sCMOS、InGaAs、TDI、ボードレベルCMOS、ボードレベルTDI、X線ラインスキャン、X線TDI、X線CMOSカメラからなるカメラ、高解像度X線イメージングシステム、ソフトウェアも提供している。さらに、LED、ランプ、ランプモジュールおよびユニット、UV-LED光源、エキシマランプ光源、マイクロフォーカスX線光源、軟X線光源、極端紫外線および軟X線光源、レーザー駆動型波長可変光源、レーザー駆動型光源、クロマチックスペクトルエンジンなどの光・放射線源、半導体、半導体応用製品、固体レーザー、レーザー関連製品などのレーザー、製造支援、半導体製造支援システム、測光、ライフサイエンス、医療システムなどを提供している。旧社名は浜松テレビ株式会社。浜松ホトニクス株式会社は1953年に設立され、浜松市に本社を置く。もっと見るHamamatsu Photonics K.K. 基礎のまとめHamamatsu Photonics K.K の収益と売上を時価総額と比較するとどうか。6965 基礎統計学時価総額JP¥844.43b収益（TTM）JP¥13.49b売上高(TTM)JP¥217.80b62.6xPER（株価収益率3.9xP/Sレシオ6965 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6965 損益計算書（TTM）収益JP¥217.80b売上原価JP¥114.74b売上総利益JP¥103.06bその他の費用JP¥89.57b収益JP¥13.49b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）46.50グロス・マージン47.32%純利益率6.19%有利子負債／自己資本比率23.4%6965 の長期的なパフォーマンスは？過去の実績と比較を見る配当金1.3%現在の配当利回り42%配当性向6965 配当は確実ですか？6965 配当履歴とベンチマークを見る6965 、いつまでに購入すれば配当金を受け取れますか？Hamamatsu Photonics K.K 配当日配当落ち日Mar 30 2026配当支払日Jun 02 2026配当落ちまでの日数55 days配当支払日までの日数9 days6965 配当は確実ですか？6965 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2026/05/24 06:10終値2026/05/22 00:00収益2026/03/31年間収益2025/09/30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Hamamatsu Photonics K.K. 7 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。15 アナリスト機関null nullDaiwa Securities Co. Ltd.Masahiro NakanomyoJefferies LLCYawen GuanMacquarie Research12 その他のアナリストを表示
Reported Earnings • May 18Second quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2026 results: EPS: JP¥22.02 (up from JP¥19.23 in 2Q 2025). Revenue: JP¥60.6b (up 7.9% from 2Q 2025). Net income: JP¥6.44b (up 12% from 2Q 2025). Profit margin: 11% (in line with 2Q 2025). Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) missed analyst estimates by 29%. Revenue is forecast to grow 5.8% p.a. on average during the next 3 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 fallen by 45% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.
ライブニュース • May 17Hamamatsu Photonics Expects Stronger Second Half After Interim Profit Falls and Sales Climb 5.4%Hamamatsu Photonics reported first-half FY2026 net sales up 5.4% year over year, supported by demand in semiconductor, industrial equipment, and medical-bio markets. Operating profit for the same period declined 7.0%, with management citing margin pressure and higher R&D expenses. The company kept its interim dividend at ¥19 per share and raised full-year forecasts, targeting 9.4% revenue growth and double-digit profit growth, while continuing share buybacks. The key tension is between short-term profit softness and higher spending on one side and management’s confidence in a stronger second half and healthier margins on the other. Investors may want to watch whether margin recovery and order trends in core end-markets track in line with the upgraded guidance, especially given the geopolitical and logistics risks highlighted by the company.
New Risk • May 15New 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 10% 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 (10% average weekly change). Minor Risk Profit margins are more than 30% lower than last year (6.0% net profit margin).
Valuation Update With 7 Day Price Move • May 15Investor sentiment improves as stock rises 21%After last week's 21% share price gain to JP¥2,657, the stock trades at a forward P/E ratio of 51x. Average forward P/E is 18x in the Electronic industry in Japan. Total loss to shareholders of 23% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,393 per share.
お知らせ • May 09Hamamatsu Photonics K.K. to Report Q2, 2026 Results on May 14, 2026Hamamatsu Photonics K.K. announced that they will report Q2, 2026 results on May 14, 2026
Buy Or Sell Opportunity • Mar 24Now 25% overvalued after recent price riseOver the last 90 days, the stock has risen 9.0% to JP¥1,847. The fair value is estimated to be JP¥1,483, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 42%. For the next 3 years, revenue is forecast to grow by 5.9% per annum. Earnings are also forecast to grow by 17% per annum over the same time period.
Reported Earnings • May 18Second quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2026 results: EPS: JP¥22.02 (up from JP¥19.23 in 2Q 2025). Revenue: JP¥60.6b (up 7.9% from 2Q 2025). Net income: JP¥6.44b (up 12% from 2Q 2025). Profit margin: 11% (in line with 2Q 2025). Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) missed analyst estimates by 29%. Revenue is forecast to grow 5.8% p.a. on average during the next 3 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 fallen by 45% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.
ライブニュース • May 17Hamamatsu Photonics Expects Stronger Second Half After Interim Profit Falls and Sales Climb 5.4%Hamamatsu Photonics reported first-half FY2026 net sales up 5.4% year over year, supported by demand in semiconductor, industrial equipment, and medical-bio markets. Operating profit for the same period declined 7.0%, with management citing margin pressure and higher R&D expenses. The company kept its interim dividend at ¥19 per share and raised full-year forecasts, targeting 9.4% revenue growth and double-digit profit growth, while continuing share buybacks. The key tension is between short-term profit softness and higher spending on one side and management’s confidence in a stronger second half and healthier margins on the other. Investors may want to watch whether margin recovery and order trends in core end-markets track in line with the upgraded guidance, especially given the geopolitical and logistics risks highlighted by the company.
New Risk • May 15New 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 10% 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 (10% average weekly change). Minor Risk Profit margins are more than 30% lower than last year (6.0% net profit margin).
Valuation Update With 7 Day Price Move • May 15Investor sentiment improves as stock rises 21%After last week's 21% share price gain to JP¥2,657, the stock trades at a forward P/E ratio of 51x. Average forward P/E is 18x in the Electronic industry in Japan. Total loss to shareholders of 23% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,393 per share.
お知らせ • May 09Hamamatsu Photonics K.K. to Report Q2, 2026 Results on May 14, 2026Hamamatsu Photonics K.K. announced that they will report Q2, 2026 results on May 14, 2026
Buy Or Sell Opportunity • Mar 24Now 25% overvalued after recent price riseOver the last 90 days, the stock has risen 9.0% to JP¥1,847. The fair value is estimated to be JP¥1,483, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 42%. For the next 3 years, revenue is forecast to grow by 5.9% per annum. Earnings are also forecast to grow by 17% per annum over the same time period.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥19.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 03 June 2026. Payout ratio is on the higher end at 89%, and the cash payout ratio is above 100%. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%).
New Risk • Mar 04New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.8% 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 (dividend per share is over 19x cash flows per share). Share price has been volatile over the past 3 months (5.8% average weekly change). Profit margins are more than 30% lower than last year (6.0% net profit margin).
Valuation Update With 7 Day Price Move • Feb 25Investor sentiment improves as stock rises 15%After last week's 15% share price gain to JP¥2,032, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 17x in the Electronic industry in Japan. Total loss to shareholders of 36% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,467 per share.
Buy Or Sell Opportunity • Feb 17Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 17% to JP¥1,769. The fair value is estimated to be JP¥1,459, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 42%. For the next 3 years, revenue is forecast to grow by 5.9% per annum. Earnings are also forecast to grow by 17% per annum over the same time period.
分析記事 • Feb 13Hamamatsu Photonics K.K (TSE:6965) Is Paying Out A Dividend Of ¥19.00The board of Hamamatsu Photonics K.K. ( TSE:6965 ) has announced that it will pay a dividend of ¥19.00 per share on the...
Reported Earnings • Feb 07First quarter 2026 earnings released: EPS: JP¥9.38 (vs JP¥13.76 in 1Q 2025)First quarter 2026 results: EPS: JP¥9.38 (down from JP¥13.76 in 1Q 2025). Revenue: JP¥51.9b (up 2.6% from 1Q 2025). Net income: JP¥2.78b (down 34% from 1Q 2025). Profit margin: 5.4% (down from 8.3% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.7% 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 42% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings.
分析記事 • Jan 23Is Hamamatsu Photonics K.K. (TSE:6965) Worth JP¥1.8k Based On Its Intrinsic Value?Key Insights Using the 2 Stage Free Cash Flow to Equity, Hamamatsu Photonics K.K fair value estimate is JP¥1,379...
分析記事 • Jan 08Hamamatsu Photonics K.K (TSE:6965) Is Paying Out A Dividend Of ¥19.00Hamamatsu Photonics K.K. ( TSE:6965 ) will pay a dividend of ¥19.00 on the 3rd of June. Based on this payment, the...
Declared Dividend • Jan 08Final dividend of JP¥19.00 announcedDividend of JP¥19.00 is the same as last year. Ex-date: 30th March 2026 Payment date: 3rd June 2026 Dividend yield will be 2.2%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (80% earnings payout ratio) but not covered by cash flows (dividend approximately 20x free cash flows). The dividend has increased by an average of 9.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 43% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
分析記事 • Jan 07Investors Appear Satisfied With Hamamatsu Photonics K.K.'s (TSE:6965) ProspectsWhen close to half the companies in Japan have price-to-earnings ratios (or "P/E's") below 14x, you may consider...
分析記事 • Dec 13Hamamatsu Photonics K.K (TSE:6965) Has A Pretty Healthy Balance SheetHoward 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 • Dec 09Investor sentiment improves as stock rises 16%After last week's 16% share price gain to JP¥1,786, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 16x in the Electronic industry in Japan. Total loss to shareholders of 46% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,537 per share.
お知らせ • Dec 05Hamamatsu Photonics K.K. to Report Q1, 2026 Results on Feb 05, 2026Hamamatsu Photonics K.K. announced that they will report Q1, 2026 results on Feb 05, 2026
Major Estimate Revision • Dec 03Consensus EPS estimates fall by 13%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from JP¥57.51 to JP¥49.90 per share. Revenue forecast steady at JP¥225.8b. Net income forecast to grow 5.3% next year vs 11% growth forecast for Electronic industry in Japan. Consensus price target broadly unchanged at JP¥1,875. Share price was steady at JP¥1,558 over the past week.
分析記事 • Nov 16Earnings Troubles May Signal Larger Issues for Hamamatsu Photonics K.K (TSE:6965) ShareholdersInvestors were disappointed by Hamamatsu Photonics K.K.'s ( TSE:6965 ) latest earnings release. We did some further...
お知らせ • Nov 09Hamamatsu Photonics K.K. (TSE:6965) announces an Equity Buyback for 15,000,000 shares, representing 5.02% for ¥20,000 million.Hamamatsu Photonics K.K. (TSE:6965) announces a share repurchase program. Under the program, the company will repurchase up to 15,000,000 shares, representing 5.02% of its share capital, for ¥20,000 million. The company will repurchase its shares as part of its capital policy in response to changes in the business environment and as part of the company's comprehensive shareholder return policy. The share repurchase program will run until September 30, 2026.
Reported Earnings • Nov 08Full year 2025 earnings: Revenues and EPS in line with analyst expectationsFull year 2025 results: EPS: JP¥47.32 (down from JP¥81.18 in FY 2024). Revenue: JP¥212.1b (up 4.0% from FY 2024). Net income: JP¥14.2b (down 44% from FY 2024). Profit margin: 6.7% (down from 12% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 6.0% 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 36% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings.
お知らせ • Nov 07Hamamatsu Photonics K.K., Annual General Meeting, Dec 19, 2025Hamamatsu Photonics K.K., Annual General Meeting, Dec 19, 2025.
New Risk • Nov 05New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 7.9% 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 (7.9% average weekly change). Minor Risks Dividend is not well covered by cash flows (220% cash payout ratio). Profit margins are more than 30% lower than last year (6.9% net profit margin).
Buy Or Sell Opportunity • Oct 27Now 26% overvaluedOver the last 90 days, the stock has fallen 1.1% to JP¥1,812. The fair value is estimated to be JP¥1,433, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 29%. For the next 3 years, revenue is forecast to grow by 6.0% per annum. Earnings are also forecast to grow by 14% per annum over the same time period.
分析記事 • Sep 24Returns On Capital At Hamamatsu Photonics K.K (TSE:6965) Paint A Concerning PictureThere are a few key trends to look for if we want to identify the next multi-bagger. Ideally, a business will show two...
Upcoming Dividend • Sep 22Upcoming dividend of JP¥19.00 per shareEligible shareholders must have bought the stock before 29 September 2025. Payment date: 23 December 2025. Payout ratio is on the higher end at 80%, and the cash payout ratio is above 100%. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%).
お知らせ • Sep 14Hamamatsu Photonics K.K. to Report Fiscal Year 2025 Results on Nov 07, 2025Hamamatsu Photonics K.K. announced that they will report fiscal year 2025 results on Nov 07, 2025
Major Estimate Revision • Sep 02Consensus EPS estimates fall by 11%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from JP¥59.05 to JP¥52.71 per share. Revenue forecast steady at JP¥215.9b. Net income forecast to grow 36% next year vs 16% growth forecast for Electronic industry in Japan. Consensus price target down from JP¥2,094 to JP¥2,044. Share price fell 5.9% to JP¥1,514 over the past week.
分析記事 • Aug 25Hamamatsu Photonics K.K.'s (TSE:6965) Intrinsic Value Is Potentially 28% Above Its Share PriceKey Insights Hamamatsu Photonics K.K's estimated fair value is JP¥2,121 based on 2 Stage Free Cash Flow to Equity...
Reported Earnings • Aug 08Third quarter 2025 earnings: EPS and revenues miss analyst expectationsThird quarter 2025 results: JP¥1.10 loss per share (down from JP¥11.75 profit in 3Q 2024). Revenue: JP¥48.7b (up 4.6% from 3Q 2024). Net loss: JP¥327.0m (down 109% from profit in 3Q 2024). Revenue missed analyst estimates by 7.7%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 6.4% 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 fallen by 29% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings.
分析記事 • Aug 01Shareholders Should Be Pleased With Hamamatsu Photonics K.K.'s (TSE:6965) PriceWith a price-to-earnings (or "P/E") ratio of 30.6x Hamamatsu Photonics K.K. ( TSE:6965 ) may be sending very bearish...
Buy Or Sell Opportunity • Jul 01Now 21% undervaluedOver the last 90 days, the stock has risen 17% to JP¥1,726. The fair value is estimated to be JP¥2,172, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 20%. For the next 3 years, revenue is forecast to grow by 6.1% per annum. Earnings are also forecast to grow by 14% per annum over the same time period.
お知らせ • Jun 27Hamamatsu Photonics K.K. to Report Q3, 2025 Results on Aug 07, 2025Hamamatsu Photonics K.K. announced that they will report Q3, 2025 results on Aug 07, 2025
分析記事 • Jun 16Here's Why Hamamatsu Photonics K.K (TSE:6965) Can Manage Its Debt ResponsiblyLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Declared Dividend • Jun 04First half dividend of JP¥19.00 announcedShareholders will receive a dividend of JP¥19.00. Ex-date: 29th September 2025 Payment date: 23rd December 2025 Dividend yield will be 2.5%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (63% earnings payout ratio) but not covered by cash flows (220% cash payout ratio). The dividend has increased by an average of 9.7% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 56% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • May 10Second quarter 2025 earnings released: EPS: JP¥19.23 (vs JP¥25.27 in 2Q 2024)Second quarter 2025 results: EPS: JP¥19.23 (down from JP¥25.27 in 2Q 2024). Revenue: JP¥56.2b (up 11% from 2Q 2024). Net income: JP¥5.75b (down 27% from 2Q 2024). Profit margin: 10% (down from 16% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.9% 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 fallen by 20% per year whereas the company’s share price has fallen by 23% per year.
New Risk • Apr 07New 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 6.4% 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 (133% cash payout ratio). Share price has been volatile over the past 3 months (6.4% average weekly change). Profit margins are more than 30% lower than last year (10% net profit margin).
Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to JP¥1,163, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 10x in the Electronic industry in Japan. Total loss to shareholders of 59% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,227 per share.
お知らせ • Mar 29Hamamatsu Photonics K.K. to Report Q2, 2025 Results on May 09, 2025Hamamatsu Photonics K.K. announced that they will report Q2, 2025 results on May 09, 2025
Upcoming Dividend • Mar 21Upcoming dividend of JP¥19.00 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 04 June 2025. Payout ratio is a comfortable 57% but the company is paying out more than the cash it is generating. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.7%).
Buy Or Sell Opportunity • Feb 20Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 7.4% to JP¥1,683. The fair value is estimated to be JP¥2,130, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.7% over the last 3 years. Earnings per share has declined by 10%. For the next 3 years, revenue is forecast to grow by 6.9% per annum. Earnings are also forecast to grow by 13% per annum over the same time period.
Reported Earnings • Feb 07First quarter 2025 earnings: EPS and revenues miss analyst expectationsFirst quarter 2025 results: EPS: JP¥13.76 (down from JP¥28.88 in 1Q 2024). Revenue: JP¥50.6b (down 5.5% from 1Q 2024). Net income: JP¥4.19b (down 53% from 1Q 2024). Profit margin: 8.3% (down from 17% in 1Q 2024). The decrease in margin was primarily driven by lower revenue. Revenue missed analyst estimates by 4.9%. Earnings per share (EPS) also missed analyst estimates by 67%. Revenue is forecast to grow 8.3% 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 fallen by 10% per year but the company’s share price has fallen by 16% per year, which means it is performing significantly worse than earnings.
Declared Dividend • Jan 06Final dividend of JP¥19.00 announcedShareholders will receive a dividend of JP¥19.00. Ex-date: 28th March 2025 Payment date: 4th June 2025 Dividend yield will be 3.3%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (47% earnings payout ratio) but not covered by cash flows (134% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 28% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Jan 03Hamamatsu Photonics K.K. to Report Q1, 2025 Results on Feb 06, 2025Hamamatsu Photonics K.K. announced that they will report Q1, 2025 results on Feb 06, 2025
Price Target Changed • Dec 17Price target decreased by 10% to JP¥2,314Down from JP¥2,571, the current price target is an average from 7 analysts. New target price is 30% above last closing price of JP¥1,786. Stock is down 38% over the past year. The company is forecast to post earnings per share of JP¥68.96 for next year compared to JP¥81.18 last year.
Major Estimate Revision • Nov 26Consensus EPS estimates fall by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from JP¥223.9b to JP¥219.8b. EPS estimate also fell from JP¥82.28 per share to JP¥72.55 per share. Net income forecast to shrink 11% next year vs 15% growth forecast for Electronic industry in Japan . Consensus price target down from JP¥2,650 to JP¥2,571. Share price was steady at JP¥1,740 over the past week.
Valuation Update With 7 Day Price Move • Nov 15Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to JP¥1,693, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 12x in the Electronic industry in Japan. Total loss to shareholders of 52% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,262 per share.
New Risk • Nov 11New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (137% cash payout ratio). Share price has been volatile over the past 3 months (5.9% average weekly change). Profit margins are more than 30% lower than last year (12% net profit margin).
Reported Earnings • Nov 09Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: EPS: JP¥162. Revenue: JP¥204.0b (down 7.9% from FY 2023). Net income: JP¥25.1b (down 41% from FY 2023). Profit margin: 12% (down from 19% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.6%. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Electronic industry in Japan.
お知らせ • Nov 08+ 1 more updateHamamatsu Photonics K.K., Annual General Meeting, Dec 20, 2024Hamamatsu Photonics K.K., Annual General Meeting, Dec 20, 2024.
Price Target Changed • Oct 22Price target decreased by 11% to JP¥2,558Down from JP¥2,875, the current price target is an average from 6 analysts. New target price is 28% above last closing price of JP¥1,998. Stock is down 31% over the past year. The company is forecast to post earnings per share of JP¥85.45 for next year compared to JP¥138 last year.
Major Estimate Revision • Oct 17Consensus EPS estimates increase by 16%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from JP¥85.45 to JP¥99.53. Revenue forecast unchanged at JP¥205.6b. Net income forecast to shrink 8.9% next year vs 8.1% growth forecast for Electronic industry in Japan . Consensus price target of JP¥2,707 unchanged from last update. Share price fell 4.4% to JP¥2,001 over the past week.
お知らせ • Sep 26Hamamatsu Photonics K.K. to Report Fiscal Year 2024 Results on Nov 08, 2024Hamamatsu Photonics K.K. announced that they will report fiscal year 2024 results on Nov 08, 2024
Upcoming Dividend • Sep 20Upcoming dividend of JP¥38.00 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 25 December 2024. Payout ratio is a comfortable 38% and the cash payout ratio is 96%. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.5%).
Price Target Changed • Aug 26Price target decreased by 8.5% to JP¥5,750Down from JP¥6,283, the current price target is an average from 6 analysts. New target price is 47% above last closing price of JP¥3,919. Stock is down 42% over the past year. The company is forecast to post earnings per share of JP¥173 for next year compared to JP¥277 last year.
Reported Earnings • Aug 11Third quarter 2024 earnings releasedThird quarter 2024 results: Net income: (down JP¥8.72b from profit in 3Q 2023). Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.
Buy Or Sell Opportunity • Jul 24Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 26% to JP¥4,200. The fair value is estimated to be JP¥5,416, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 20%. For the next 3 years, revenue is forecast to grow by 6.0% per annum. Earnings are also forecast to grow by 2.4% per annum over the same time period.
お知らせ • Jul 17Hamamatsu Photonics K.K. to Report Q3, 2024 Results on Aug 08, 2024Hamamatsu Photonics K.K. announced that they will report Q3, 2024 results on Aug 08, 2024
Buy Or Sell Opportunity • Jul 01Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 18% to JP¥4,293. The fair value is estimated to be JP¥5,348, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 20%. For the next 3 years, revenue is forecast to grow by 6.0% per annum. Earnings are also forecast to grow by 2.4% per annum over the same time period.
お知らせ • Jun 21Hamamatsu Photonics K.K. (TSE:6965) announces an Equity Buyback for 2,800,000 shares, representing 1.33% for ¥10,000 million.Hamamatsu Photonics K.K. (TSE:6965) announces a share repurchase program. Under the program, the company will repurchase up to 2,800,000 shares, representing 1.33% of its share capital, for ¥10,000 million. The company will repurchase its shares as part of its capital policy in response to changes in the business environment and as part of the company's comprehensive shareholder return policy. The repurchased shares will be cancelled to dispel concerns about future dilution of shares. The share repurchase program will run until December 30, 2024.
Buy Or Sell Opportunity • Jun 21Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 21% to JP¥4,347. The fair value is estimated to be JP¥5,443, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 20%. For the next 3 years, revenue is forecast to grow by 6.2% per annum. Earnings are also forecast to grow by 3.6% per annum over the same time period.
お知らせ • May 12+ 1 more updateHamamatsu Photonics K.K. Revises Consolidated Earnings Guidance for the Fiscal Year Ending September 30, 2024Hamamatsu Photonics K.K. revised consolidated earnings guidance for the fiscal year ending September 30, 2024. For the year, the company now expects Net sales of JPY 211,100 million, Operating profit of JPY 37,500 million, Profit attributable to owners of parent of JPY 29,400 million and earnings per share of JPY 189.84 against previous guidance of Net sales of JPY 224,300 million, Operating profit of JPY 48,400 million, Profit attributable to owners of parent of JPY 36,700 million and earnings per share of JPY 237.00.
Reported Earnings • May 11Second quarter 2024 earnings: EPS and revenues miss analyst expectationsSecond quarter 2024 results: EPS: JP¥50.53 (down from JP¥80.27 in 2Q 2023). Revenue: JP¥50.5b (down 11% from 2Q 2023). Net income: JP¥7.83b (down 37% from 2Q 2023). Profit margin: 16% (down from 22% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 4.5%. Earnings per share (EPS) also missed analyst estimates by 13%. Revenue is forecast to grow 5.6% 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 20% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
お知らせ • Mar 28Hamamatsu Photonics K.K. to Report Q2, 2024 Results on May 09, 2024Hamamatsu Photonics K.K. announced that they will report Q2, 2024 results on May 09, 2024
Upcoming Dividend • Mar 21Upcoming dividend of JP¥38.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 03 June 2024. Payout ratio is a comfortable 29% but the company is paying out more than the cash it is generating. Trailing yield: 1.4%. Lower than top quartile of Japanese dividend payers (3.2%). In line with average of industry peers (1.4%).
Reported Earnings • Feb 10First quarter 2024 earnings: EPS exceeds analyst expectationsFirst quarter 2024 results: EPS: JP¥57.77 (down from JP¥73.11 in 1Q 2023). Revenue: JP¥53.5b (down 3.0% from 1Q 2023). Net income: JP¥8.95b (down 21% from 1Q 2023). Profit margin: 17% (down from 21% in 1Q 2023). The decrease in margin was primarily driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 16%. Revenue is forecast to grow 5.3% 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 28% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
Reported Earnings • Dec 28Full year 2023 earnings: EPS exceeds analyst expectationsFull year 2023 results: EPS: JP¥277 (up from JP¥267 in FY 2022). Revenue: JP¥221.4b (up 6.1% from FY 2022). Net income: JP¥42.8b (up 3.7% from FY 2022). Profit margin: 19% (in line with FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.2%. Revenue is forecast to grow 5.1% 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 34% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
お知らせ • Nov 27Hamamatsu Photonics K.K. to Report Q1, 2024 Results on Feb 08, 2024Hamamatsu Photonics K.K. announced that they will report Q1, 2024 results on Feb 08, 2024
お知らせ • Nov 13Hamamatsu Photonics K.K., Annual General Meeting, Dec 22, 2023Hamamatsu Photonics K.K., Annual General Meeting, Dec 22, 2023.
Reported Earnings • Nov 12Full year 2023 earnings: EPS exceeds analyst expectationsFull year 2023 results: EPS: JP¥277 (up from JP¥267 in FY 2022). Revenue: JP¥221.4b (up 6.1% from FY 2022). Net income: JP¥42.8b (up 3.7% from FY 2022). Profit margin: 19% (in line with FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.2%. Revenue is forecast to grow 6.1% 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 34% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
お知らせ • Sep 28Hamamatsu Photonics K.K. to Report Fiscal Year 2023 Results on Nov 10, 2023Hamamatsu Photonics K.K. announced that they will report fiscal year 2023 results on Nov 10, 2023
