View Past PerformanceKaga ElectronicsLtd バランスシートの健全性財務の健全性 基準チェック /46Kaga ElectronicsLtdの総株主資本は¥183.5B 、総負債は¥80.4Bで、負債比率は43.8%となります。総資産と総負債はそれぞれ¥403.7Bと¥220.2Bです。 Kaga ElectronicsLtdの EBIT は¥27.8Bで、利息カバレッジ比率-50.7です。現金および短期投資は¥89.8Bです。主要情報43.79%負債資本比率JP¥80.37b負債インタレスト・カバレッジ・レシオ-50.7x現金JP¥89.85bエクイティJP¥183.52b負債合計JP¥220.18b総資産JP¥403.69b財務の健全性に関する最新情報分析記事 • May 13We Think Kaga ElectronicsLtd (TSE:8154) Can Manage Its Debt With EaseThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...分析記事 • Mar 07Here's Why Kaga ElectronicsLtd (TSE:8154) Can Manage Its Debt ResponsiblyHoward 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 updates分析記事 • May 21Kaga ElectronicsLtd's (TSE:8154) Shareholders Should Assess Earnings With CautionWe didn't see Kaga Electronics Co.,Ltd.'s ( TSE:8154 ) stock surge when it reported robust earnings recently. We...Reported Earnings • May 18Full year 2026 earnings: EPS and revenues exceed analyst expectationsFull year 2026 results: EPS: JP¥628 (up from JP¥325 in FY 2025). Revenue: JP¥658.9b (up 20% from FY 2025). Net income: JP¥31.1b (up 82% from FY 2025). Profit margin: 4.7% (up from 3.1% in FY 2025). Revenue exceeded analyst estimates by 6.3%. Earnings per share (EPS) also surpassed analyst estimates by 5.0%. Revenue is forecast to stay flat 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 10% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • May 16Kaga Electronics Co.,Ltd. (TSE:8154) proposed to acquire Shinko Shoji Co., Ltd. (TSE:8141) from Akio Kitai, Aya Nomura, Kitai & Company Ltd., City Index First Co., Ltd., City Index Eleventh Co., Ltd., Restar Corporation and others for ¥46 billion.Kaga Electronics Co.,Ltd. (TSE:8154) proposed to acquire Shinko Shoji Co., Ltd. (TSE:8141) from Akio Kitai, Aya Nomura, Kitai & Company Ltd., City Index First Co., Ltd., City Index Eleventh Co., Ltd., Restar Corporation and others for ¥46 billion on May 15, 2026. A cash consideration valued at ¥1580 per share will be paid by Kaga Electronics Co.,Ltd. The transaction was approved by the Board of Shinko Shoji Co., Ltd. The expected completion of the transaction is June 26, 2026.お知らせ • May 15Kaga Electronics Co.,Ltd., Annual General Meeting, Jun 25, 2026Kaga Electronics Co.,Ltd., Annual General Meeting, Jun 25, 2026.お知らせ • Apr 03Kaga Electronics Co.,Ltd. to Report Q4, 2026 Results on May 14, 2026Kaga Electronics Co.,Ltd. announced that they will report Q4, 2026 results on May 14, 2026Upcoming Dividend • Mar 23Upcoming dividend of JP¥70.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 29 June 2026. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%).お知らせ • Mar 10Kaga Electronics Co.,Ltd. (TSE:8154) agreed to acquire 7.25% stake in Sun-Wa Technos Corporation (TSE:8137).Kaga Electronics Co.,Ltd. (TSE:8154) agreed to acquire 7.25% stake in Sun-Wa Technos Corporation (TSE:8137) on March 10, 2026. The expected completion of the transaction is March 11, 2026.Reported Earnings • Feb 14Third quarter 2026 earnings released: EPS: JP¥193 (vs JP¥90.82 in 3Q 2025)Third quarter 2026 results: EPS: JP¥193 (up from JP¥90.82 in 3Q 2025). Revenue: JP¥156.5b (up 14% from 3Q 2025). Net income: JP¥9.28b (up 94% from 3Q 2025). Profit margin: 5.9% (up from 3.5% in 3Q 2025). Revenue is forecast to grow 5.3% 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 remained flat but the company’s share price has increased by 21% per year, which means it is well ahead of earnings.分析記事 • Feb 12Investors Will Want Kaga ElectronicsLtd's (TSE:8154) Growth In ROCE To PersistFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...Declared Dividend • Dec 06First half dividend of JP¥60.00 announcedShareholders will receive a dividend of JP¥60.00. Ex-date: 30th March 2026 Payment date: 29th June 2026 Dividend yield will be 3.2%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (24% earnings payout ratio) and cash flows (36% cash payout ratio). The dividend has increased by an average of 22% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 7.7% over the next 3 years. However, it would need to fall by 74% to increase the payout ratio to a potentially unsustainable range.Buy Or Sell Opportunity • Nov 25Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 5.1% to JP¥3,595. The fair value is estimated to be JP¥2,980, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 2.8% over the last 3 years. Earnings per share has declined by 7.8%. Revenue is forecast to grow by 13% in 2 years. Earnings are forecast to decline by 6.9% in the next 2 years.分析記事 • Nov 13Investors Shouldn't Be Too Comfortable With Kaga ElectronicsLtd's (TSE:8154) EarningsDespite posting some strong earnings, the market for Kaga Electronics Co.,Ltd.'s ( TSE:8154 ) stock hasn't moved much...Reported Earnings • Nov 08Second quarter 2026 earnings released: EPS: JP¥210 (vs JP¥74.25 in 2Q 2025)Second quarter 2026 results: EPS: JP¥210 (up from JP¥74.25 in 2Q 2025). Revenue: JP¥150.9b (up 16% from 2Q 2025). Net income: JP¥10.5b (up 168% from 2Q 2025). Profit margin: 6.9% (up from 3.0% in 2Q 2025). Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings.Upcoming Dividend • Sep 22Upcoming dividend of JP¥60.00 per shareEligible shareholders must have bought the stock before 29 September 2025. Payment date: 08 December 2025. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%).Major Estimate Revision • Aug 14Consensus EPS estimates increase by 65%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from JP¥540.0b to JP¥590.0b. EPS estimate increased from JP¥324 to JP¥535 per share. Net income forecast to grow 38% next year vs 17% growth forecast for Electronic industry in Japan. Consensus price target of JP¥3,200 unchanged from last update. Share price rose 7.6% to JP¥3,160 over the past week.Reported Earnings • Aug 08First quarter 2026 earnings released: EPS: JP¥87.79 (vs JP¥76.88 in 1Q 2025)First quarter 2026 results: EPS: JP¥87.79 (up from JP¥76.88 in 1Q 2025). Revenue: JP¥138.1b (up 7.3% from 1Q 2025). Net income: JP¥4.61b (up 14% from 1Q 2025). Profit margin: 3.3% (up from 3.1% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.2% 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 10% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings.お知らせ • Aug 08Kaga Electronics Co.,Ltd. (TSE:8154) announces an Equity Buyback for 4,920,000 shares, representing 9.36% for ¥15,000 million.Kaga Electronics Co.,Ltd. (TSE:8154) announces a share repurchase program. Under the program, the company will repurchase up to 4,920,000 shares, representing 9.36% of its share capital for ¥15,000 million. The shares will be repurchased at a price of ¥2,938 per share. The purpose of the program is to enhance shareholder returns and improve capital efficiency as part of the company's capital policy. It aims to respond to shareholder requests for reducing policy shareholdings while maintaining financial soundness. Additionally, the program seeks to balance growth investments with shareholder returns to maximize corporate value. The program will be valid until August 8, 2025. As of March 31, 2025, the company had 52,560,806 shares outstanding excluding treasury shares, and 4,843,430 shares in treasury.Board Change • Jul 11Less than half of directors are independentThere are 7 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 independent directors. 9 non-independent directors. Independent Outside Director Mamoru Yoshida was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.Declared Dividend • Jul 09Final dividend of JP¥55.00 announcedShareholders will receive a dividend of JP¥55.00. Ex-date: 29th September 2025 Payment date: 8th December 2025 Dividend yield will be 3.9%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (34% earnings payout ratio) and cash flows (30% cash payout ratio). The dividend has increased by an average of 22% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 24% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • May 30Kaga Electronics Co.,Ltd. (TSE:8154) proposed to acquire an 73.20% majority stake in Kyoei Sangyo Co.,Ltd. (TSE:6973) from a group of shareholders for ¥8.7 billion.Kaga Electronics Co.,Ltd. (TSE:8154) proposed to acquire an 73.20% majority stake in Kyoei Sangyo Co.,Ltd. (TSE:6973) from a group of shareholders for ¥8.7 billion on May 30, 2025. A cash consideration ¥3,950 per share will be paid by Kaga Electronics Co.,Ltd. As part of consideration, an ¥8.7 billion value is paid towards 2.20251 million common equity of Kyoei Sangyo Co.,Ltd. The transaction is subject to minimum tender. The expected completion of the transaction is July 11, 2025. KPMG FAS Co., Ltd. acted as financial advisor for Kaga Electronics Co.,Ltd. TMI Associates acted as legal advisor for Kaga Electronics Co.,Ltd. YAMADA Consulting Group Co.,Ltd. acted as financial advisor for Kyoei Sangyo Co.,Ltd. Mori Hamada & Matsumoto LPC acted as legal advisor for Kyoei Sangyo Co.,Ltd.Major Estimate Revision • May 30Consensus EPS estimates fall by 15%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from JP¥590.0b to JP¥540.0b. EPS estimate also fell from JP¥381 per share to JP¥324 per share. Net income forecast to shrink 0.5% next year vs 9.9% growth forecast for Electronic industry in Japan . Consensus price target down from JP¥3,500 to JP¥3,200. Share price rose 2.4% to JP¥2,675 over the past week.Reported Earnings • May 19Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: EPS: JP¥325 (down from JP¥387 in FY 2024). Revenue: JP¥547.8b (flat on FY 2024). Net income: JP¥17.1b (down 16% from FY 2024). Profit margin: 3.1% (down from 3.7% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.1%. Revenue is forecast to grow 6.2% p.a. on average during the next 2 years, compared to a 6.2% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings.お知らせ • May 14Kaga Electronics Co.,Ltd., Annual General Meeting, Jun 26, 2025Kaga Electronics Co.,Ltd., Annual General Meeting, Jun 26, 2025.分析記事 • May 13We Think Kaga ElectronicsLtd (TSE:8154) Can Manage Its Debt With EaseThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to JP¥2,228, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 10x in the Electronic industry in Japan. Total returns to shareholders of 69% over the past three years.お知らせ • Mar 27Kaga Electronics Co.,Ltd. Proposes Amendments to the Articles of IncorporationKaga Electronics Co.,Ltd. proposals for requisite amendments to the Articles of Incorporation and other relevant matters at the 57th Ordinary General Meeting of Shareholders to be held in June 2025.Upcoming Dividend • Mar 21Upcoming dividend of JP¥55.00 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 27 June 2025. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.7%).お知らせ • Mar 06+ 2 more updatesKaga Electronics Co.,Ltd. to Report Q2, 2026 Results on Nov 06, 2025Kaga Electronics Co.,Ltd. announced that they will report Q2, 2026 results on Nov 06, 2025お知らせ • Mar 01Kaga Electronics Co.,Ltd. to Report Fiscal Year 2025 Results on May 14, 2025Kaga Electronics Co.,Ltd. announced that they will report fiscal year 2025 results on May 14, 2025Reported Earnings • Feb 07Third quarter 2025 earnings released: EPS: JP¥90.82 (vs JP¥87.33 in 3Q 2024)Third quarter 2025 results: EPS: JP¥90.82 (up from JP¥87.33 in 3Q 2024). Revenue: JP¥137.2b (up 4.4% from 3Q 2024). Net income: JP¥4.77b (up 4.0% from 3Q 2024). Profit margin: 3.5% (in line with 3Q 2024). Revenue is forecast to grow 7.3% 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 increased by 4% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Dec 27Kaga Electronics Co.,Ltd. Announces Management Changes, Effective January 1, 2025Kaga Electronics Co.,Ltd. announced that the following resolution regarding movement of delegated executive officer effective January 1, 2025, was passed at the board of directors meeting held on December 26, 2024. Motonori Toshinari's new role is Division Director of EMS Business Division. Former role is Managing Executive Officer.Declared Dividend • Dec 07First half dividend of JP¥55.00 announcedShareholders will receive a dividend of JP¥55.00. Ex-date: 28th March 2025 Payment date: 27th June 2025 Dividend yield will be 6.0%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (13% earnings payout ratio) and cash flows (20% cash payout ratio). The dividend has increased by an average of 22% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 4.7% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Nov 08Second quarter 2025 earnings released: EPS: JP¥422,752 (vs JP¥107 in 2Q 2024)Second quarter 2025 results: EPS: JP¥422,752. Revenue: JP¥130.4b (down 5.0% from 2Q 2024). Net income: JP¥3.90b (down 31% from 2Q 2024). Profit margin: 3.0% (down from 4.1% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Electronic industry in Japan.分析記事 • Sep 24Kaga ElectronicsLtd (TSE:8154) Has Affirmed Its Dividend Of ¥110.00The board of Kaga Electronics Co.,Ltd. ( TSE:8154 ) has announced that it will pay a dividend of ¥110.00 per share on...Upcoming Dividend • Sep 20Upcoming dividend of JP¥110 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.5%).分析記事 • Aug 27Kaga ElectronicsLtd (TSE:8154) Has Affirmed Its Dividend Of ¥110.00Kaga Electronics Co.,Ltd.'s ( TSE:8154 ) investors are due to receive a payment of ¥110.00 per share on 2nd of...分析記事 • Aug 13Kaga ElectronicsLtd (TSE:8154) Has Affirmed Its Dividend Of ¥110.00The board of Kaga Electronics Co.,Ltd. ( TSE:8154 ) has announced that it will pay a dividend of ¥110.00 per share on...Reported Earnings • Aug 12First quarter 2025 earnings released: EPS: JP¥154 (vs JP¥220 in 1Q 2024)First quarter 2025 results: EPS: JP¥154 (down from JP¥220 in 1Q 2024). Revenue: JP¥128.6b (down 6.6% from 1Q 2024). Net income: JP¥4.04b (down 30% from 1Q 2024). Profit margin: 3.1% (down from 4.2% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.2% 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 27% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.分析記事 • Aug 05Earnings Working Against Kaga Electronics Co.,Ltd.'s (TSE:8154) Share Price Following 26% DiveKaga Electronics Co.,Ltd. ( TSE:8154 ) shareholders that were waiting for something to happen have been dealt a blow...Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to JP¥4,280, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 12x in the Electronic industry in Japan. Total returns to shareholders of 61% over the past three years.分析記事 • Jul 26Kaga ElectronicsLtd (TSE:8154) Is Due To Pay A Dividend Of ¥110.00The board of Kaga Electronics Co.,Ltd. ( TSE:8154 ) has announced that it will pay a dividend on the 2nd of December...分析記事 • Jul 11Kaga ElectronicsLtd's (TSE:8154) Dividend Will Be ¥110.00The board of Kaga Electronics Co.,Ltd. ( TSE:8154 ) has announced that it will pay a dividend of ¥110.00 per share on...Declared Dividend • Jul 11Final dividend of JP¥110 announcedDividend of JP¥110 is the same as last year. Ex-date: 27th September 2024 Payment date: 2nd December 2024 Dividend yield will be 3.8%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (18% earnings payout ratio) and cash flows (24% cash payout ratio). The dividend has increased by an average of 22% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 12% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Board Change • Jun 24Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Outside Auditor Kyoko Oyanagi was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • May 23Kaga Electronics Co.,Ltd. Provides Dividend Guidance for the First Half and Year End for the Fiscal Year Ending March 31, 2025Kaga Electronics Co.,Ltd. provided dividend guidance for the first half and year end for the fiscal year ending March 31, 2025. For the first half, the company expected dividend of JPY 110.00 per share as compared to dividend of JPY 110.00 per share a year ago.For the year end, the company expected dividend of JPY 55.00 per share as compared to dividend of JPY 110.00 per share a year ago. The stock split is effective on October 1, 2024.お知らせ • May 22Kaga Electronics Co.,Ltd. (TSE:8154) agreed to acquire an unknown stake in Meeq Co., Ltd.Kaga Electronics Co.,Ltd. (TSE:8154) agreed to acquire an unknown stake in Meeq Co., Ltd. on May 21, 2024.分析記事 • May 21Earnings Troubles May Signal Larger Issues for Kaga ElectronicsLtd (TSE:8154) ShareholdersKaga Electronics Co.,Ltd.'s ( TSE:8154 ) recent weak earnings report didn't cause a big stock movement. We think that...Major Estimate Revision • May 16Consensus EPS estimates fall by 14%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from JP¥580.0b to JP¥555.0b. EPS estimate also fell from JP¥800 per share to JP¥685 per share. Net income forecast to shrink 12% next year vs 12% growth forecast for Electronic industry in Japan . Consensus price target down from JP¥8,000 to JP¥7,000. Share price was steady at JP¥6,030 over the past week.Price Target Changed • May 14Price target decreased by 13% to JP¥7,000Down from JP¥8,000, the current price target is provided by 1 analyst. New target price is 18% above last closing price of JP¥5,950. Stock is up 14% over the past year. The company is forecast to post earnings per share of JP¥685 for next year compared to JP¥775 last year.Reported Earnings • May 11Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2024 results: EPS: JP¥775 (down from JP¥879 in FY 2023). Revenue: JP¥542.7b (down 11% from FY 2023). Net income: JP¥20.3b (down 12% from FY 2023). Profit margin: 3.7% (down from 3.8% in FY 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) exceeded analyst estimates by 1.7%. Revenue is forecast to grow 5.8% p.a. on average during the next 2 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 33% per year whereas the company’s share price has increased by 31% per year.お知らせ • May 10Kaga Electronics Co.,Ltd. Provides Consolidated Earnings Guidance for the Full Year Ending March 31, 2025Kaga Electronics Co.,Ltd. provided consolidated earnings guidance for the full year ending March 31, 2025. For the full year ending March 31, 2025, the company expects net sales of JPY 550,000 million, operating income of JPY 26,000 million and profit attributable to owners of parent of JPY 18,000 million or JPY 685.26 per share.分析記事 • Apr 17Lacklustre Performance Is Driving Kaga Electronics Co.,Ltd.'s (TSE:8154) Low P/EKaga Electronics Co.,Ltd.'s ( TSE:8154 ) price-to-earnings (or "P/E") ratio of 7.8x might make it look like a buy right...お知らせ • Apr 02+ 3 more updatesKaga Electronics Co.,Ltd. to Report Q3, 2025 Results on Feb 06, 2025Kaga Electronics Co.,Ltd. announced that they will report Q3, 2025 results on Feb 06, 2025Upcoming Dividend • Mar 21Upcoming dividend of JP¥110 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 28 June 2024. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 3.5%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.4%).分析記事 • Mar 07Here's Why Kaga ElectronicsLtd (TSE:8154) Can Manage Its Debt ResponsiblyHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...お知らせ • Mar 03Kaga Electronics Co.,Ltd. to Report Fiscal Year 2024 Results on May 09, 2024Kaga Electronics Co.,Ltd. announced that they will report fiscal year 2024 results on May 09, 2024Price Target Changed • Feb 09Price target decreased by 11% to JP¥8,000Down from JP¥9,000, the current price target is provided by 1 analyst. New target price is 24% above last closing price of JP¥6,440. Stock is up 45% over the past year. The company is forecast to post earnings per share of JP¥761 for next year compared to JP¥879 last year.Reported Earnings • Feb 09Third quarter 2024 earnings released: EPS: JP¥175 (vs JP¥215 in 3Q 2023)Third quarter 2024 results: EPS: JP¥175 (down from JP¥215 in 3Q 2023). Revenue: JP¥131.4b (down 14% from 3Q 2023). Net income: JP¥4.59b (down 19% from 3Q 2023). Profit margin: 3.5% (down from 3.7% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.3% 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 33% per year whereas the company’s share price has increased by 37% per year.Reported Earnings • Feb 09Third quarter 2024 earnings released: EPS: JP¥175 (vs JP¥215 in 3Q 2023)Third quarter 2024 results: EPS: JP¥175 (down from JP¥215 in 3Q 2023). Revenue: JP¥131.4b (down 14% from 3Q 2023). Net income: JP¥4.59b (down 19% from 3Q 2023). Profit margin: 3.5% (down from 3.7% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.3% 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 33% per year whereas the company’s share price has increased by 37% per year.Reported Earnings • Nov 09Second quarter 2024 earnings released: EPS: JP¥215 (vs JP¥245 in 2Q 2023)Second quarter 2024 results: EPS: JP¥215 (down from JP¥245 in 2Q 2023). Revenue: JP¥137.4b (down 8.1% from 2Q 2023). Net income: JP¥5.64b (down 12% from 2Q 2023). Profit margin: 4.1% (down from 4.3% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Sep 21Upcoming dividend of JP¥110 per share at 3.4% yieldEligible shareholders must have bought the stock before 28 September 2023. Payment date: 04 December 2023. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 3.4%. Within top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.4%).Reported Earnings • Aug 04First quarter 2024 earnings released: EPS: JP¥220 (vs JP¥266 in 1Q 2023)First quarter 2024 results: EPS: JP¥220 (down from JP¥266 in 1Q 2023). Revenue: JP¥137.7b (down 7.8% from 1Q 2023). Net income: JP¥5.77b (down 17% from 1Q 2023). Profit margin: 4.2% (down from 4.7% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.9% 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 33% per year but the company’s share price has increased by 47% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • May 14Full year 2023 earnings: EPS in line with analyst expectations despite revenue beatFull year 2023 results: EPS: JP¥879 (up from JP¥576 in FY 2022). Revenue: JP¥608.1b (up 23% from FY 2022). Net income: JP¥23.1b (up 50% from FY 2022). Profit margin: 3.8% (up from 3.1% in FY 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 2.6% p.a. on average during the next 2 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 37% per year whereas the company’s share price has increased by 34% per year.お知らせ • May 12+ 2 more updatesKaga Electronics Co.,Ltd. Provides Dividend Guidance for the Fiscal Year Ending March 31, 2024Kaga Electronics Co.,Ltd. provided dividend guidance for the fiscal year ending March 31, 2024. For the year, the company expects dividend of JPY 110.00 compared to JPY 120.00 a year ago.お知らせ • May 04+ 3 more updatesKaga Electronics Co.,Ltd. to Report Q1, 2024 Results on Aug 03, 2023Kaga Electronics Co.,Ltd. announced that they will report Q1, 2024 results on Aug 03, 2023Upcoming Dividend • Mar 23Upcoming dividend of JP¥120 per share at 4.4% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 4.4% and this is well supported by cash flows. Trailing yield: 4.4%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%).お知らせ • Feb 08+ 1 more updateKaga Electronics Co.,Ltd. Provides Guidance on Extraordinary Dividend for the Fiscal Year Ending March 2023Kaga Electronics Co.,Ltd. provides guidance on extraordinary dividend for the fiscal year ending March 2023. The company expects to pay commemorative dividend of JPY 10.00 and extraordinary dividend of JPY 40.00 for the fiscal year ending March 2023.Reported Earnings • Feb 08Third quarter 2023 earnings released: EPS: JP¥215 (vs JP¥182 in 3Q 2022)Third quarter 2023 results: EPS: JP¥215 (up from JP¥182 in 3Q 2022). Revenue: JP¥153.5b (up 18% from 3Q 2022). Net income: JP¥5.64b (up 18% from 3Q 2022). Profit margin: 3.7% (in line with 3Q 2022). Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.お知らせ • Feb 07+ 1 more updateKaga Electronics Co.,Ltd. Revises Consolidated Earnings Guidance for the Year Ending March 31, 2023Kaga Electronics Co.,Ltd. revised consolidated earnings guidance for the year ending March 31, 2023. For the year, the company revised net sales of JPY 585,000 compared to previous guidance of JPY 570,000 million, operating income of JPY 29,500 million compared to previous guidance of JPY 28,000 million, profit attributable to owners of parent of JPY 21,000 million compared to previous guidance of JPY 20,000 million. Net income per share of JPY 799.78 compared to previous guidance of JPY 761.70.Reported Earnings • Nov 18Second quarter 2023 earnings released: EPS: JP¥255 (vs JP¥103 in 2Q 2022)Second quarter 2023 results: EPS: JP¥255 (up from JP¥103 in 2Q 2022). Revenue: JP¥149.4b (up 28% from 2Q 2022). Net income: JP¥6.71b (up 144% from 2Q 2022). Profit margin: 4.5% (up from 2.4% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.Price Target Changed • Nov 16Price target increased to JP¥9,000Up from JP¥6,000, the current price target is provided by 1 analyst. New target price is 114% above last closing price of JP¥4,215. Stock is up 35% over the past year. The company is forecast to post earnings per share of JP¥876 for next year compared to JP¥576 last year.Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 5 highly experienced directors. 4 independent directors (7 non-independent directors). Independent Outside Director Hirokazu Nishiyama was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Nov 10Second quarter 2023 earnings released: EPS: JP¥245 (vs JP¥103 in 2Q 2022)Second quarter 2023 results: EPS: JP¥245 (up from JP¥103 in 2Q 2022). Revenue: JP¥149.5b (up 28% from 2Q 2022). Net income: JP¥6.43b (up 134% from 2Q 2022). Profit margin: 4.3% (up from 2.4% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.1% 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 29% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Sep 22Upcoming dividend of JP¥70.00 per shareEligible shareholders must have bought the stock before 29 September 2022. Payment date: 05 December 2022. Payout ratio is a comfortable 11% but the company is not cash flow positive. Trailing yield: 3.4%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.6%).Major Estimate Revision • Aug 11Consensus revenue estimates increase by 15%The consensus outlook for revenues in 2023 has improved. 2023 revenue forecast increased from JP¥520.0b to JP¥600.0b. EPS estimate increased from JP¥572 to JP¥876 per share. Net income forecast to grow 18% next year vs 7.4% growth forecast for Electronic industry in Japan. Consensus price target up from JP¥6,000 to JP¥9,000. Share price rose 19% to JP¥3,930 over the past week.Reported Earnings • Aug 05First quarter 2023 earnings released: EPS: JP¥266 (vs JP¥105 in 1Q 2022)First quarter 2023 results: EPS: JP¥266 (up from JP¥105 in 1Q 2022). Revenue: JP¥149.3b (up 41% from 1Q 2022). Net income: JP¥6.98b (up 143% from 1Q 2022). Profit margin: 4.7% (up from 2.7% in 1Q 2022). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 2.6% compared to a 9.5% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Aug 05Investor sentiment improved over the past weekAfter last week's 16% share price gain to JP¥3,740, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 11x in the Electronic industry in Japan. Total returns to shareholders of 145% over the past three years.Reported Earnings • May 15Full year 2022 earnings: EPS and revenues exceed analyst expectationsFull year 2022 results: EPS: JP¥576 (up from JP¥415 in FY 2021). Revenue: JP¥495.8b (up 17% from FY 2021). Net income: JP¥15.4b (up 35% from FY 2021). Profit margin: 3.1% (up from 2.7% in FY 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.3%. Earnings per share (EPS) also surpassed analyst estimates by 12%. Over the next year, revenue is forecast to stay flat compared to a 8.2% growth forecast for the 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 21% per year, which means it is tracking significantly ahead of earnings growth.Price Target Changed • Apr 27Price target increased to JP¥5,000Up from JP¥4,500, the current price target is provided by 1 analyst. New target price is 71% above last closing price of JP¥2,924. Stock is up 24% over the past year. The company is forecast to post earnings per share of JP¥514 for next year compared to JP¥415 last year.Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 5 highly experienced directors. 4 independent directors (7 non-independent directors). Independent Outside Director Hirokazu Nishiyama was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Upcoming Dividend • Mar 23Upcoming dividend of JP¥65.00 per shareEligible shareholders must have bought the stock before 30 March 2022. Payment date: 30 June 2022. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 3.5%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.3%).Major Estimate Revision • Feb 10Consensus EPS estimates increase by 12%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from JP¥470.0b to JP¥480.0b. EPS estimate increased from JP¥457 to JP¥514 per share. Net income forecast to grow 54% next year vs 10.0% growth forecast for Electronic industry in Japan. Consensus price target of JP¥5,000 unchanged from last update. Share price rose 15% to JP¥3,465 over the past week.Reported Earnings • Feb 04Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beatThird quarter 2022 results: EPS: JP¥182 (up from JP¥71.20 in 3Q 2021). Revenue: JP¥129.7b (up 23% from 3Q 2021). Net income: JP¥4.79b (up 145% from 3Q 2021). Profit margin: 3.7% (up from 1.9% in 3Q 2021). Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 1.7%, compared to a 7.7% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Feb 04Kaga Electronics Co.,Ltd. to Report Q3, 2023 Results on Feb 07, 2023Kaga Electronics Co.,Ltd. announced that they will report Q3, 2023 results on Feb 07, 2023Reported Earnings • Nov 05Second quarter 2022 earnings released: EPS JP¥103 (vs JP¥77.54 in 2Q 2021)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥117.1b (up 12% from 2Q 2021). Net income: JP¥2.75b (up 29% from 2Q 2021). Profit margin: 2.4% (up from 2.0% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 8% per year.Upcoming Dividend • Sep 22Upcoming dividend of JP¥40.00 per shareEligible shareholders must have bought the stock before 29 September 2021. Payment date: 04 December 2021. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (1.0%).Valuation Update With 7 Day Price Move • Sep 13Investor sentiment improved over the past weekAfter last week's 15% share price gain to JP¥3,260, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 14x in the Electronic industry in Japan. Total returns to shareholders of 57% over the past three years.財務状況分析短期負債: 8154の 短期資産 ( ¥342.4B ) が 短期負債 ( ¥195.4B ) を超えています。長期負債: 8154の短期資産 ( ¥342.4B ) が 長期負債 ( ¥24.7B ) 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: 8154総負債よりも多くの現金を保有しています。負債の削減: 8154の負債対資本比率は、過去 5 年間で37.8%から43.8%に増加しました。債務返済能力: 8154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: 8154支払う利息よりも稼ぐ利息の方が多いので、利息支払い の補償は問題になりません。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2026/05/23 21:19終値2026/05/22 00:00収益2026/03/31年間収益2026/03/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Kaga Electronics 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Koichi HariyaIchiyoshi Research Institute Inc.Claudio AritomiMacquarie ResearchKoichiro HagiwaraTokai Tokyo Intelligence Laboratory Co., Ltd.
分析記事 • May 13We Think Kaga ElectronicsLtd (TSE:8154) Can Manage Its Debt With EaseThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
分析記事 • Mar 07Here's Why Kaga ElectronicsLtd (TSE:8154) Can Manage Its Debt ResponsiblyHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
分析記事 • May 21Kaga ElectronicsLtd's (TSE:8154) Shareholders Should Assess Earnings With CautionWe didn't see Kaga Electronics Co.,Ltd.'s ( TSE:8154 ) stock surge when it reported robust earnings recently. We...
Reported Earnings • May 18Full year 2026 earnings: EPS and revenues exceed analyst expectationsFull year 2026 results: EPS: JP¥628 (up from JP¥325 in FY 2025). Revenue: JP¥658.9b (up 20% from FY 2025). Net income: JP¥31.1b (up 82% from FY 2025). Profit margin: 4.7% (up from 3.1% in FY 2025). Revenue exceeded analyst estimates by 6.3%. Earnings per share (EPS) also surpassed analyst estimates by 5.0%. Revenue is forecast to stay flat 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 10% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • May 16Kaga Electronics Co.,Ltd. (TSE:8154) proposed to acquire Shinko Shoji Co., Ltd. (TSE:8141) from Akio Kitai, Aya Nomura, Kitai & Company Ltd., City Index First Co., Ltd., City Index Eleventh Co., Ltd., Restar Corporation and others for ¥46 billion.Kaga Electronics Co.,Ltd. (TSE:8154) proposed to acquire Shinko Shoji Co., Ltd. (TSE:8141) from Akio Kitai, Aya Nomura, Kitai & Company Ltd., City Index First Co., Ltd., City Index Eleventh Co., Ltd., Restar Corporation and others for ¥46 billion on May 15, 2026. A cash consideration valued at ¥1580 per share will be paid by Kaga Electronics Co.,Ltd. The transaction was approved by the Board of Shinko Shoji Co., Ltd. The expected completion of the transaction is June 26, 2026.
お知らせ • May 15Kaga Electronics Co.,Ltd., Annual General Meeting, Jun 25, 2026Kaga Electronics Co.,Ltd., Annual General Meeting, Jun 25, 2026.
お知らせ • Apr 03Kaga Electronics Co.,Ltd. to Report Q4, 2026 Results on May 14, 2026Kaga Electronics Co.,Ltd. announced that they will report Q4, 2026 results on May 14, 2026
Upcoming Dividend • Mar 23Upcoming dividend of JP¥70.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 29 June 2026. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%).
お知らせ • Mar 10Kaga Electronics Co.,Ltd. (TSE:8154) agreed to acquire 7.25% stake in Sun-Wa Technos Corporation (TSE:8137).Kaga Electronics Co.,Ltd. (TSE:8154) agreed to acquire 7.25% stake in Sun-Wa Technos Corporation (TSE:8137) on March 10, 2026. The expected completion of the transaction is March 11, 2026.
Reported Earnings • Feb 14Third quarter 2026 earnings released: EPS: JP¥193 (vs JP¥90.82 in 3Q 2025)Third quarter 2026 results: EPS: JP¥193 (up from JP¥90.82 in 3Q 2025). Revenue: JP¥156.5b (up 14% from 3Q 2025). Net income: JP¥9.28b (up 94% from 3Q 2025). Profit margin: 5.9% (up from 3.5% in 3Q 2025). Revenue is forecast to grow 5.3% 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 remained flat but the company’s share price has increased by 21% per year, which means it is well ahead of earnings.
分析記事 • Feb 12Investors Will Want Kaga ElectronicsLtd's (TSE:8154) Growth In ROCE To PersistFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Declared Dividend • Dec 06First half dividend of JP¥60.00 announcedShareholders will receive a dividend of JP¥60.00. Ex-date: 30th March 2026 Payment date: 29th June 2026 Dividend yield will be 3.2%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (24% earnings payout ratio) and cash flows (36% cash payout ratio). The dividend has increased by an average of 22% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 7.7% over the next 3 years. However, it would need to fall by 74% to increase the payout ratio to a potentially unsustainable range.
Buy Or Sell Opportunity • Nov 25Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 5.1% to JP¥3,595. The fair value is estimated to be JP¥2,980, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 2.8% over the last 3 years. Earnings per share has declined by 7.8%. Revenue is forecast to grow by 13% in 2 years. Earnings are forecast to decline by 6.9% in the next 2 years.
分析記事 • Nov 13Investors Shouldn't Be Too Comfortable With Kaga ElectronicsLtd's (TSE:8154) EarningsDespite posting some strong earnings, the market for Kaga Electronics Co.,Ltd.'s ( TSE:8154 ) stock hasn't moved much...
Reported Earnings • Nov 08Second quarter 2026 earnings released: EPS: JP¥210 (vs JP¥74.25 in 2Q 2025)Second quarter 2026 results: EPS: JP¥210 (up from JP¥74.25 in 2Q 2025). Revenue: JP¥150.9b (up 16% from 2Q 2025). Net income: JP¥10.5b (up 168% from 2Q 2025). Profit margin: 6.9% (up from 3.0% in 2Q 2025). Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings.
Upcoming Dividend • Sep 22Upcoming dividend of JP¥60.00 per shareEligible shareholders must have bought the stock before 29 September 2025. Payment date: 08 December 2025. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%).
Major Estimate Revision • Aug 14Consensus EPS estimates increase by 65%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from JP¥540.0b to JP¥590.0b. EPS estimate increased from JP¥324 to JP¥535 per share. Net income forecast to grow 38% next year vs 17% growth forecast for Electronic industry in Japan. Consensus price target of JP¥3,200 unchanged from last update. Share price rose 7.6% to JP¥3,160 over the past week.
Reported Earnings • Aug 08First quarter 2026 earnings released: EPS: JP¥87.79 (vs JP¥76.88 in 1Q 2025)First quarter 2026 results: EPS: JP¥87.79 (up from JP¥76.88 in 1Q 2025). Revenue: JP¥138.1b (up 7.3% from 1Q 2025). Net income: JP¥4.61b (up 14% from 1Q 2025). Profit margin: 3.3% (up from 3.1% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.2% 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 10% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings.
お知らせ • Aug 08Kaga Electronics Co.,Ltd. (TSE:8154) announces an Equity Buyback for 4,920,000 shares, representing 9.36% for ¥15,000 million.Kaga Electronics Co.,Ltd. (TSE:8154) announces a share repurchase program. Under the program, the company will repurchase up to 4,920,000 shares, representing 9.36% of its share capital for ¥15,000 million. The shares will be repurchased at a price of ¥2,938 per share. The purpose of the program is to enhance shareholder returns and improve capital efficiency as part of the company's capital policy. It aims to respond to shareholder requests for reducing policy shareholdings while maintaining financial soundness. Additionally, the program seeks to balance growth investments with shareholder returns to maximize corporate value. The program will be valid until August 8, 2025. As of March 31, 2025, the company had 52,560,806 shares outstanding excluding treasury shares, and 4,843,430 shares in treasury.
Board Change • Jul 11Less than half of directors are independentThere are 7 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 independent directors. 9 non-independent directors. Independent Outside Director Mamoru Yoshida was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
Declared Dividend • Jul 09Final dividend of JP¥55.00 announcedShareholders will receive a dividend of JP¥55.00. Ex-date: 29th September 2025 Payment date: 8th December 2025 Dividend yield will be 3.9%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (34% earnings payout ratio) and cash flows (30% cash payout ratio). The dividend has increased by an average of 22% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 24% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • May 30Kaga Electronics Co.,Ltd. (TSE:8154) proposed to acquire an 73.20% majority stake in Kyoei Sangyo Co.,Ltd. (TSE:6973) from a group of shareholders for ¥8.7 billion.Kaga Electronics Co.,Ltd. (TSE:8154) proposed to acquire an 73.20% majority stake in Kyoei Sangyo Co.,Ltd. (TSE:6973) from a group of shareholders for ¥8.7 billion on May 30, 2025. A cash consideration ¥3,950 per share will be paid by Kaga Electronics Co.,Ltd. As part of consideration, an ¥8.7 billion value is paid towards 2.20251 million common equity of Kyoei Sangyo Co.,Ltd. The transaction is subject to minimum tender. The expected completion of the transaction is July 11, 2025. KPMG FAS Co., Ltd. acted as financial advisor for Kaga Electronics Co.,Ltd. TMI Associates acted as legal advisor for Kaga Electronics Co.,Ltd. YAMADA Consulting Group Co.,Ltd. acted as financial advisor for Kyoei Sangyo Co.,Ltd. Mori Hamada & Matsumoto LPC acted as legal advisor for Kyoei Sangyo Co.,Ltd.
Major Estimate Revision • May 30Consensus EPS estimates fall by 15%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from JP¥590.0b to JP¥540.0b. EPS estimate also fell from JP¥381 per share to JP¥324 per share. Net income forecast to shrink 0.5% next year vs 9.9% growth forecast for Electronic industry in Japan . Consensus price target down from JP¥3,500 to JP¥3,200. Share price rose 2.4% to JP¥2,675 over the past week.
Reported Earnings • May 19Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: EPS: JP¥325 (down from JP¥387 in FY 2024). Revenue: JP¥547.8b (flat on FY 2024). Net income: JP¥17.1b (down 16% from FY 2024). Profit margin: 3.1% (down from 3.7% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.1%. Revenue is forecast to grow 6.2% p.a. on average during the next 2 years, compared to a 6.2% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings.
お知らせ • May 14Kaga Electronics Co.,Ltd., Annual General Meeting, Jun 26, 2025Kaga Electronics Co.,Ltd., Annual General Meeting, Jun 26, 2025.
分析記事 • May 13We Think Kaga ElectronicsLtd (TSE:8154) Can Manage Its Debt With EaseThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to JP¥2,228, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 10x in the Electronic industry in Japan. Total returns to shareholders of 69% over the past three years.
お知らせ • Mar 27Kaga Electronics Co.,Ltd. Proposes Amendments to the Articles of IncorporationKaga Electronics Co.,Ltd. proposals for requisite amendments to the Articles of Incorporation and other relevant matters at the 57th Ordinary General Meeting of Shareholders to be held in June 2025.
Upcoming Dividend • Mar 21Upcoming dividend of JP¥55.00 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 27 June 2025. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.7%).
お知らせ • Mar 06+ 2 more updatesKaga Electronics Co.,Ltd. to Report Q2, 2026 Results on Nov 06, 2025Kaga Electronics Co.,Ltd. announced that they will report Q2, 2026 results on Nov 06, 2025
お知らせ • Mar 01Kaga Electronics Co.,Ltd. to Report Fiscal Year 2025 Results on May 14, 2025Kaga Electronics Co.,Ltd. announced that they will report fiscal year 2025 results on May 14, 2025
Reported Earnings • Feb 07Third quarter 2025 earnings released: EPS: JP¥90.82 (vs JP¥87.33 in 3Q 2024)Third quarter 2025 results: EPS: JP¥90.82 (up from JP¥87.33 in 3Q 2024). Revenue: JP¥137.2b (up 4.4% from 3Q 2024). Net income: JP¥4.77b (up 4.0% from 3Q 2024). Profit margin: 3.5% (in line with 3Q 2024). Revenue is forecast to grow 7.3% 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 increased by 4% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Dec 27Kaga Electronics Co.,Ltd. Announces Management Changes, Effective January 1, 2025Kaga Electronics Co.,Ltd. announced that the following resolution regarding movement of delegated executive officer effective January 1, 2025, was passed at the board of directors meeting held on December 26, 2024. Motonori Toshinari's new role is Division Director of EMS Business Division. Former role is Managing Executive Officer.
Declared Dividend • Dec 07First half dividend of JP¥55.00 announcedShareholders will receive a dividend of JP¥55.00. Ex-date: 28th March 2025 Payment date: 27th June 2025 Dividend yield will be 6.0%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (13% earnings payout ratio) and cash flows (20% cash payout ratio). The dividend has increased by an average of 22% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 4.7% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Nov 08Second quarter 2025 earnings released: EPS: JP¥422,752 (vs JP¥107 in 2Q 2024)Second quarter 2025 results: EPS: JP¥422,752. Revenue: JP¥130.4b (down 5.0% from 2Q 2024). Net income: JP¥3.90b (down 31% from 2Q 2024). Profit margin: 3.0% (down from 4.1% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Electronic industry in Japan.
分析記事 • Sep 24Kaga ElectronicsLtd (TSE:8154) Has Affirmed Its Dividend Of ¥110.00The board of Kaga Electronics Co.,Ltd. ( TSE:8154 ) has announced that it will pay a dividend of ¥110.00 per share on...
Upcoming Dividend • Sep 20Upcoming dividend of JP¥110 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.5%).
分析記事 • Aug 27Kaga ElectronicsLtd (TSE:8154) Has Affirmed Its Dividend Of ¥110.00Kaga Electronics Co.,Ltd.'s ( TSE:8154 ) investors are due to receive a payment of ¥110.00 per share on 2nd of...
分析記事 • Aug 13Kaga ElectronicsLtd (TSE:8154) Has Affirmed Its Dividend Of ¥110.00The board of Kaga Electronics Co.,Ltd. ( TSE:8154 ) has announced that it will pay a dividend of ¥110.00 per share on...
Reported Earnings • Aug 12First quarter 2025 earnings released: EPS: JP¥154 (vs JP¥220 in 1Q 2024)First quarter 2025 results: EPS: JP¥154 (down from JP¥220 in 1Q 2024). Revenue: JP¥128.6b (down 6.6% from 1Q 2024). Net income: JP¥4.04b (down 30% from 1Q 2024). Profit margin: 3.1% (down from 4.2% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.2% 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 27% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.
分析記事 • Aug 05Earnings Working Against Kaga Electronics Co.,Ltd.'s (TSE:8154) Share Price Following 26% DiveKaga Electronics Co.,Ltd. ( TSE:8154 ) shareholders that were waiting for something to happen have been dealt a blow...
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to JP¥4,280, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 12x in the Electronic industry in Japan. Total returns to shareholders of 61% over the past three years.
分析記事 • Jul 26Kaga ElectronicsLtd (TSE:8154) Is Due To Pay A Dividend Of ¥110.00The board of Kaga Electronics Co.,Ltd. ( TSE:8154 ) has announced that it will pay a dividend on the 2nd of December...
分析記事 • Jul 11Kaga ElectronicsLtd's (TSE:8154) Dividend Will Be ¥110.00The board of Kaga Electronics Co.,Ltd. ( TSE:8154 ) has announced that it will pay a dividend of ¥110.00 per share on...
Declared Dividend • Jul 11Final dividend of JP¥110 announcedDividend of JP¥110 is the same as last year. Ex-date: 27th September 2024 Payment date: 2nd December 2024 Dividend yield will be 3.8%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (18% earnings payout ratio) and cash flows (24% cash payout ratio). The dividend has increased by an average of 22% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 12% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Board Change • Jun 24Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Outside Auditor Kyoko Oyanagi was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • May 23Kaga Electronics Co.,Ltd. Provides Dividend Guidance for the First Half and Year End for the Fiscal Year Ending March 31, 2025Kaga Electronics Co.,Ltd. provided dividend guidance for the first half and year end for the fiscal year ending March 31, 2025. For the first half, the company expected dividend of JPY 110.00 per share as compared to dividend of JPY 110.00 per share a year ago.For the year end, the company expected dividend of JPY 55.00 per share as compared to dividend of JPY 110.00 per share a year ago. The stock split is effective on October 1, 2024.
お知らせ • May 22Kaga Electronics Co.,Ltd. (TSE:8154) agreed to acquire an unknown stake in Meeq Co., Ltd.Kaga Electronics Co.,Ltd. (TSE:8154) agreed to acquire an unknown stake in Meeq Co., Ltd. on May 21, 2024.
分析記事 • May 21Earnings Troubles May Signal Larger Issues for Kaga ElectronicsLtd (TSE:8154) ShareholdersKaga Electronics Co.,Ltd.'s ( TSE:8154 ) recent weak earnings report didn't cause a big stock movement. We think that...
Major Estimate Revision • May 16Consensus EPS estimates fall by 14%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from JP¥580.0b to JP¥555.0b. EPS estimate also fell from JP¥800 per share to JP¥685 per share. Net income forecast to shrink 12% next year vs 12% growth forecast for Electronic industry in Japan . Consensus price target down from JP¥8,000 to JP¥7,000. Share price was steady at JP¥6,030 over the past week.
Price Target Changed • May 14Price target decreased by 13% to JP¥7,000Down from JP¥8,000, the current price target is provided by 1 analyst. New target price is 18% above last closing price of JP¥5,950. Stock is up 14% over the past year. The company is forecast to post earnings per share of JP¥685 for next year compared to JP¥775 last year.
Reported Earnings • May 11Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2024 results: EPS: JP¥775 (down from JP¥879 in FY 2023). Revenue: JP¥542.7b (down 11% from FY 2023). Net income: JP¥20.3b (down 12% from FY 2023). Profit margin: 3.7% (down from 3.8% in FY 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) exceeded analyst estimates by 1.7%. Revenue is forecast to grow 5.8% p.a. on average during the next 2 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 33% per year whereas the company’s share price has increased by 31% per year.
お知らせ • May 10Kaga Electronics Co.,Ltd. Provides Consolidated Earnings Guidance for the Full Year Ending March 31, 2025Kaga Electronics Co.,Ltd. provided consolidated earnings guidance for the full year ending March 31, 2025. For the full year ending March 31, 2025, the company expects net sales of JPY 550,000 million, operating income of JPY 26,000 million and profit attributable to owners of parent of JPY 18,000 million or JPY 685.26 per share.
分析記事 • Apr 17Lacklustre Performance Is Driving Kaga Electronics Co.,Ltd.'s (TSE:8154) Low P/EKaga Electronics Co.,Ltd.'s ( TSE:8154 ) price-to-earnings (or "P/E") ratio of 7.8x might make it look like a buy right...
お知らせ • Apr 02+ 3 more updatesKaga Electronics Co.,Ltd. to Report Q3, 2025 Results on Feb 06, 2025Kaga Electronics Co.,Ltd. announced that they will report Q3, 2025 results on Feb 06, 2025
Upcoming Dividend • Mar 21Upcoming dividend of JP¥110 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 28 June 2024. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 3.5%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.4%).
分析記事 • Mar 07Here's Why Kaga ElectronicsLtd (TSE:8154) Can Manage Its Debt ResponsiblyHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
お知らせ • Mar 03Kaga Electronics Co.,Ltd. to Report Fiscal Year 2024 Results on May 09, 2024Kaga Electronics Co.,Ltd. announced that they will report fiscal year 2024 results on May 09, 2024
Price Target Changed • Feb 09Price target decreased by 11% to JP¥8,000Down from JP¥9,000, the current price target is provided by 1 analyst. New target price is 24% above last closing price of JP¥6,440. Stock is up 45% over the past year. The company is forecast to post earnings per share of JP¥761 for next year compared to JP¥879 last year.
Reported Earnings • Feb 09Third quarter 2024 earnings released: EPS: JP¥175 (vs JP¥215 in 3Q 2023)Third quarter 2024 results: EPS: JP¥175 (down from JP¥215 in 3Q 2023). Revenue: JP¥131.4b (down 14% from 3Q 2023). Net income: JP¥4.59b (down 19% from 3Q 2023). Profit margin: 3.5% (down from 3.7% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.3% 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 33% per year whereas the company’s share price has increased by 37% per year.
Reported Earnings • Feb 09Third quarter 2024 earnings released: EPS: JP¥175 (vs JP¥215 in 3Q 2023)Third quarter 2024 results: EPS: JP¥175 (down from JP¥215 in 3Q 2023). Revenue: JP¥131.4b (down 14% from 3Q 2023). Net income: JP¥4.59b (down 19% from 3Q 2023). Profit margin: 3.5% (down from 3.7% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.3% 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 33% per year whereas the company’s share price has increased by 37% per year.
Reported Earnings • Nov 09Second quarter 2024 earnings released: EPS: JP¥215 (vs JP¥245 in 2Q 2023)Second quarter 2024 results: EPS: JP¥215 (down from JP¥245 in 2Q 2023). Revenue: JP¥137.4b (down 8.1% from 2Q 2023). Net income: JP¥5.64b (down 12% from 2Q 2023). Profit margin: 4.1% (down from 4.3% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Sep 21Upcoming dividend of JP¥110 per share at 3.4% yieldEligible shareholders must have bought the stock before 28 September 2023. Payment date: 04 December 2023. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 3.4%. Within top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.4%).
Reported Earnings • Aug 04First quarter 2024 earnings released: EPS: JP¥220 (vs JP¥266 in 1Q 2023)First quarter 2024 results: EPS: JP¥220 (down from JP¥266 in 1Q 2023). Revenue: JP¥137.7b (down 7.8% from 1Q 2023). Net income: JP¥5.77b (down 17% from 1Q 2023). Profit margin: 4.2% (down from 4.7% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.9% 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 33% per year but the company’s share price has increased by 47% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • May 14Full year 2023 earnings: EPS in line with analyst expectations despite revenue beatFull year 2023 results: EPS: JP¥879 (up from JP¥576 in FY 2022). Revenue: JP¥608.1b (up 23% from FY 2022). Net income: JP¥23.1b (up 50% from FY 2022). Profit margin: 3.8% (up from 3.1% in FY 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 2.6% p.a. on average during the next 2 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 37% per year whereas the company’s share price has increased by 34% per year.
お知らせ • May 12+ 2 more updatesKaga Electronics Co.,Ltd. Provides Dividend Guidance for the Fiscal Year Ending March 31, 2024Kaga Electronics Co.,Ltd. provided dividend guidance for the fiscal year ending March 31, 2024. For the year, the company expects dividend of JPY 110.00 compared to JPY 120.00 a year ago.
お知らせ • May 04+ 3 more updatesKaga Electronics Co.,Ltd. to Report Q1, 2024 Results on Aug 03, 2023Kaga Electronics Co.,Ltd. announced that they will report Q1, 2024 results on Aug 03, 2023
Upcoming Dividend • Mar 23Upcoming dividend of JP¥120 per share at 4.4% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 4.4% and this is well supported by cash flows. Trailing yield: 4.4%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%).
お知らせ • Feb 08+ 1 more updateKaga Electronics Co.,Ltd. Provides Guidance on Extraordinary Dividend for the Fiscal Year Ending March 2023Kaga Electronics Co.,Ltd. provides guidance on extraordinary dividend for the fiscal year ending March 2023. The company expects to pay commemorative dividend of JPY 10.00 and extraordinary dividend of JPY 40.00 for the fiscal year ending March 2023.
Reported Earnings • Feb 08Third quarter 2023 earnings released: EPS: JP¥215 (vs JP¥182 in 3Q 2022)Third quarter 2023 results: EPS: JP¥215 (up from JP¥182 in 3Q 2022). Revenue: JP¥153.5b (up 18% from 3Q 2022). Net income: JP¥5.64b (up 18% from 3Q 2022). Profit margin: 3.7% (in line with 3Q 2022). Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.
お知らせ • Feb 07+ 1 more updateKaga Electronics Co.,Ltd. Revises Consolidated Earnings Guidance for the Year Ending March 31, 2023Kaga Electronics Co.,Ltd. revised consolidated earnings guidance for the year ending March 31, 2023. For the year, the company revised net sales of JPY 585,000 compared to previous guidance of JPY 570,000 million, operating income of JPY 29,500 million compared to previous guidance of JPY 28,000 million, profit attributable to owners of parent of JPY 21,000 million compared to previous guidance of JPY 20,000 million. Net income per share of JPY 799.78 compared to previous guidance of JPY 761.70.
Reported Earnings • Nov 18Second quarter 2023 earnings released: EPS: JP¥255 (vs JP¥103 in 2Q 2022)Second quarter 2023 results: EPS: JP¥255 (up from JP¥103 in 2Q 2022). Revenue: JP¥149.4b (up 28% from 2Q 2022). Net income: JP¥6.71b (up 144% from 2Q 2022). Profit margin: 4.5% (up from 2.4% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Nov 16Price target increased to JP¥9,000Up from JP¥6,000, the current price target is provided by 1 analyst. New target price is 114% above last closing price of JP¥4,215. Stock is up 35% over the past year. The company is forecast to post earnings per share of JP¥876 for next year compared to JP¥576 last year.
Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 5 highly experienced directors. 4 independent directors (7 non-independent directors). Independent Outside Director Hirokazu Nishiyama was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Nov 10Second quarter 2023 earnings released: EPS: JP¥245 (vs JP¥103 in 2Q 2022)Second quarter 2023 results: EPS: JP¥245 (up from JP¥103 in 2Q 2022). Revenue: JP¥149.5b (up 28% from 2Q 2022). Net income: JP¥6.43b (up 134% from 2Q 2022). Profit margin: 4.3% (up from 2.4% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.1% 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 29% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Sep 22Upcoming dividend of JP¥70.00 per shareEligible shareholders must have bought the stock before 29 September 2022. Payment date: 05 December 2022. Payout ratio is a comfortable 11% but the company is not cash flow positive. Trailing yield: 3.4%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.6%).
Major Estimate Revision • Aug 11Consensus revenue estimates increase by 15%The consensus outlook for revenues in 2023 has improved. 2023 revenue forecast increased from JP¥520.0b to JP¥600.0b. EPS estimate increased from JP¥572 to JP¥876 per share. Net income forecast to grow 18% next year vs 7.4% growth forecast for Electronic industry in Japan. Consensus price target up from JP¥6,000 to JP¥9,000. Share price rose 19% to JP¥3,930 over the past week.
Reported Earnings • Aug 05First quarter 2023 earnings released: EPS: JP¥266 (vs JP¥105 in 1Q 2022)First quarter 2023 results: EPS: JP¥266 (up from JP¥105 in 1Q 2022). Revenue: JP¥149.3b (up 41% from 1Q 2022). Net income: JP¥6.98b (up 143% from 1Q 2022). Profit margin: 4.7% (up from 2.7% in 1Q 2022). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 2.6% compared to a 9.5% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment improved over the past weekAfter last week's 16% share price gain to JP¥3,740, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 11x in the Electronic industry in Japan. Total returns to shareholders of 145% over the past three years.
Reported Earnings • May 15Full year 2022 earnings: EPS and revenues exceed analyst expectationsFull year 2022 results: EPS: JP¥576 (up from JP¥415 in FY 2021). Revenue: JP¥495.8b (up 17% from FY 2021). Net income: JP¥15.4b (up 35% from FY 2021). Profit margin: 3.1% (up from 2.7% in FY 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.3%. Earnings per share (EPS) also surpassed analyst estimates by 12%. Over the next year, revenue is forecast to stay flat compared to a 8.2% growth forecast for the 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 21% per year, which means it is tracking significantly ahead of earnings growth.
Price Target Changed • Apr 27Price target increased to JP¥5,000Up from JP¥4,500, the current price target is provided by 1 analyst. New target price is 71% above last closing price of JP¥2,924. Stock is up 24% over the past year. The company is forecast to post earnings per share of JP¥514 for next year compared to JP¥415 last year.
Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 5 highly experienced directors. 4 independent directors (7 non-independent directors). Independent Outside Director Hirokazu Nishiyama was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥65.00 per shareEligible shareholders must have bought the stock before 30 March 2022. Payment date: 30 June 2022. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 3.5%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.3%).
Major Estimate Revision • Feb 10Consensus EPS estimates increase by 12%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from JP¥470.0b to JP¥480.0b. EPS estimate increased from JP¥457 to JP¥514 per share. Net income forecast to grow 54% next year vs 10.0% growth forecast for Electronic industry in Japan. Consensus price target of JP¥5,000 unchanged from last update. Share price rose 15% to JP¥3,465 over the past week.
Reported Earnings • Feb 04Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beatThird quarter 2022 results: EPS: JP¥182 (up from JP¥71.20 in 3Q 2021). Revenue: JP¥129.7b (up 23% from 3Q 2021). Net income: JP¥4.79b (up 145% from 3Q 2021). Profit margin: 3.7% (up from 1.9% in 3Q 2021). Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 1.7%, compared to a 7.7% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Feb 04Kaga Electronics Co.,Ltd. to Report Q3, 2023 Results on Feb 07, 2023Kaga Electronics Co.,Ltd. announced that they will report Q3, 2023 results on Feb 07, 2023
Reported Earnings • Nov 05Second quarter 2022 earnings released: EPS JP¥103 (vs JP¥77.54 in 2Q 2021)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥117.1b (up 12% from 2Q 2021). Net income: JP¥2.75b (up 29% from 2Q 2021). Profit margin: 2.4% (up from 2.0% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 8% per year.
Upcoming Dividend • Sep 22Upcoming dividend of JP¥40.00 per shareEligible shareholders must have bought the stock before 29 September 2021. Payment date: 04 December 2021. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (1.0%).
Valuation Update With 7 Day Price Move • Sep 13Investor sentiment improved over the past weekAfter last week's 15% share price gain to JP¥3,260, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 14x in the Electronic industry in Japan. Total returns to shareholders of 57% over the past three years.