Board Change • May 20
Less than half of directors are independent Following 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. 4 non-independent directors. Independent Outside Director Tadashi Ogura was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • May 01
Less than half of directors are independent Following 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. 4 non-independent directors. Independent Outside Director Tadashi Ogura was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥35.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 30 June 2026. Payout ratio is a comfortable 29% 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 (2.6%). Board Change • Feb 25
Less than half of directors are independent Following 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. 4 non-independent directors. Independent Outside Director Tadashi Ogura was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 10
Third quarter 2026 earnings released: EPS: JP¥65.70 (vs JP¥57.08 in 3Q 2025) Third quarter 2026 results: EPS: JP¥65.70 (up from JP¥57.08 in 3Q 2025). Revenue: JP¥21.3b (up 5.6% from 3Q 2025). Net income: JP¥1.97b (up 15% from 3Q 2025). Profit margin: 9.3% (up from 8.5% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. お知らせ • Feb 09
Meiko Trans Co., Ltd. (NSE:9357) announces an Equity Buyback for 214,700 shares, representing 0.72% for ¥459.24 million. Meiko Trans Co., Ltd. (NSE:9357) announces a share repurchase program. Under the program, the company will repurchase 214,700 shares, representing 0.72% of the outstanding shares for ¥459.24million. The shares will be repurchased at ¥2,139 per share. The purpose of the program is improve capital efficiency and enhance shareholder returns, and to be flexible in response to changes in the business environment. As of December 31, 2025, the company had 30,001,042 issued shares (excluding treasury stock) and 3,005,162 shares in treasury. Declared Dividend • Feb 05
First half dividend of JP¥35.00 announced Shareholders will receive a dividend of JP¥35.00. Ex-date: 30th March 2026 Payment date: 30th June 2026 Dividend yield will be 3.3%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is well covered by both earnings (30% earnings payout ratio) and cash flows (36% cash payout ratio). The dividend has increased by an average of 13% 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. Earnings per share has grown by 12% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Declared Dividend • Dec 25
First half dividend of JP¥35.00 announced Shareholders will receive a dividend of JP¥35.00. Ex-date: 30th March 2026 Payment date: 30th June 2026 Dividend yield will be 3.5%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is well covered by both earnings (30% earnings payout ratio) and cash flows (36% cash payout ratio). The dividend has increased by an average of 13% 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. Earnings per share has grown by 12% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Apr 04
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 8.2% to JP¥1,427. The fair value is estimated to be JP¥1,798, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥23.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 27 June 2025. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (2.8%). Declared Dividend • Mar 06
Dividend of JP¥23.00 announced Shareholders will receive a dividend of JP¥23.00. Ex-date: 28th March 2025 Payment date: 27th June 2025 Dividend yield will be 2.9%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is well covered by both earnings (26% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 8.7% 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. Earnings per share has grown by 5.1% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Declared Dividend • Dec 04
First half dividend of JP¥23.00 announced Shareholders will receive a dividend of JP¥23.00. Ex-date: 28th March 2025 Payment date: 27th June 2025 Dividend yield will be 2.9%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is well covered by both earnings (13% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 10% 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. Earnings per share has grown by 2.9% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 16
Second quarter 2025 earnings released: EPS: JP¥42.42 (vs JP¥37.43 in 2Q 2024) Second quarter 2025 results: EPS: JP¥42.42 (up from JP¥37.43 in 2Q 2024). Revenue: JP¥20.9b (up 4.9% from 2Q 2024). Net income: JP¥1.27b (up 13% from 2Q 2024). Profit margin: 6.1% (up from 5.6% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 04 December 2024. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.8%). In line with average of industry peers (2.7%). Reported Earnings • Aug 13
First quarter 2025 earnings released: EPS: JP¥40.69 (vs JP¥43.42 in 1Q 2024) First quarter 2025 results: EPS: JP¥40.69 (down from JP¥43.42 in 1Q 2024). Revenue: JP¥19.4b (up 1.7% from 1Q 2024). Net income: JP¥1.22b (down 6.1% from 1Q 2024). Profit margin: 6.3% (down from 6.8% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to JP¥1,200, the stock trades at a trailing P/E ratio of 7.9x. Average trailing P/E is 11x in the Infrastructure industry in Japan. Total returns to shareholders of 12% over the past three years. Declared Dividend • Jul 11
Final dividend of JP¥20.00 announced Shareholders will receive a dividend of JP¥20.00. Ex-date: 27th September 2024 Payment date: 4th December 2024 Dividend yield will be 2.7%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is well covered by both earnings (22% earnings payout ratio) and cash flows (15% cash payout ratio). The dividend has increased by an average of 10% 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. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend. Reported Earnings • May 18
Full year 2024 earnings released: EPS: JP¥152 (vs JP¥156 in FY 2023) Full year 2024 results: EPS: JP¥152 (down from JP¥156 in FY 2023). Revenue: JP¥77.7b (down 7.6% from FY 2023). Net income: JP¥4.54b (down 2.2% from FY 2023). Profit margin: 5.8% (up from 5.5% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Board Change • May 15
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Outside Director Atsushi Karube was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.