View ValuationThis company listing is no longer activeThis company may still be operating, however this listing is no longer active. Find out why through their latest events.See Latest EventsNippon Concept 将来の成長Future 基準チェック /46Nippon Conceptは、21%と10.5%でそれぞれ年率21%で利益と収益が成長すると予測される一方、EPSはgrowで21%年率。主要情報21.0%収益成長率20.95%EPS成長率Shipping 収益成長-4.0%収益成長率10.5%将来の株主資本利益率n/aアナリストカバレッジLow最終更新日30 Jun 2025今後の成長に関する最新情報お知らせ • Jun 30+ 3 more updatesNippon Concept Corporation Revises Consolidated Earnings Guidance for the Second Quarter (Cumulative) Ended June 30, 2025 and Fiscal Year Ending December 31, 2025Nippon Concept Corporation revised consolidated earnings guidance for the second quarter (cumulative) ended June 30, 2025 and fiscal year ending December 31, 2025. For the second quarter (cumulative), the company expected net sales of JPY 8,745 million as compared to previous guidance of JPY 9,887 million. Operating profit of JPY 941 million as compared to previous guidance of JPY 1,556 million. Net income attributable to owners of parent of JPY 587 million as compared to previous guidance of JPY 1,046 million. Net income per share of JPY 42.33 as compared to previous guidance of JPY 75.43. For the full Fiscal Year Ending December 31, 2025, the company expected net sales of JPY 17,409 million as compared to previous guidance of JPY 19,939 million. Operating profit of JPY 2,627 million as compared to previous guidance of JPY 3,306 million. Net income attributable to owners of parent of JPY 1,708 million as compared to previous guidance of JPY 2,227 million. Net income per share of JPY 123.16 as compared to previous guidance of million JPY 160.59. As China's chemical production capacity continues to expand, competition in import and export transactions has intensified since the beginning of the year, resulting in an increase in low-profitability shipments compared to the initial forecast. In addition, the number of domestic shipments handled has fallen far short of targets. Given the concern over a decline in transportation demand due to U.S. tariffs, we have determined that efforts to recover earnings, streamlining operations, and steady growth in the high- pressure gas business will be insufficient to compensate for this. As a result, we have decided to revise downward our consolidated earnings forecast for the second quarter (cumulative) and full-year fiscal year ending December 2025.Major Estimate Revision • Jun 22Consensus EPS estimates fall by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from JP¥19.4b to JP¥18.3b. EPS estimate also fell from JP¥168 per share to JP¥149 per share. Net income forecast to grow 3.1% next year vs 37% growth forecast for Shipping industry in Japan. Consensus price target down from JP¥2,800 to JP¥2,500. Share price fell 3.9% to JP¥1,842 over the past week.Price Target Changed • Jun 21Price target decreased by 17% to JP¥2,500Down from JP¥3,000, the current price target is provided by 1 analyst. New target price is 36% above last closing price of JP¥1,842. Stock is up 4.0% over the past year. The company is forecast to post earnings per share of JP¥149 for next year compared to JP¥175 last year.すべての更新を表示Recent updatesReported Earnings • Aug 15Second quarter 2025 earnings released: EPS: JP¥25.38 (vs JP¥42.91 in 2Q 2024)Second quarter 2025 results: EPS: JP¥25.38 (down from JP¥42.91 in 2Q 2024). Revenue: JP¥4.21b (down 9.3% from 2Q 2024). Net income: JP¥352.0m (down 41% from 2Q 2024). Profit margin: 8.4% (down from 13% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, while revenues in the Shipping industry in Japan are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 24% 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 14Godo Kaisha JSHD and management of Nippon Concept completed the acquisition of 58.60% stake in Nippon Concept Corporation (TSE:9386) from Takayoshi Matsumoto, M and M Co.,Ltd. and others for ¥24.9 billion.Godo Kaisha JSHD and management of Nippon Concept proposed to acquire 71% stake in Nippon Concept Corporation (TSE:9386) from Takayoshi Matsumoto, M and M Co.,Ltd. and others for ¥30.1 billion on June 30, 2025. Godo Kaisha JSHD intends to make Nippon Concept Corporation a wholly owned subsidiary through the Tender Offer and a series of procedures scheduled thereafter and that the Nippon Concept Corporation shares are scheduled to be delisted. As per the terms Godo Kaisha JSHD will pay ¥3060 per share for 9.845975 million shares. The tender offer is subject to minimum tender of 5,223,400 shares. The offer period will end on August 13, 2025. Yebisu Matsumoto Law Office and Nishimura & Asahi acted as legal advisor to Nippon Concept Corporation. Akasaka International Tax & Co., Investment Banking Arm, AGS Consulting Co., Ltd. and WithCore acted as financial advisor to Nippon Concept Corporation. Takayoshi Matsumoto appointed Aoyama Zaisan Networks Co., Ltd. and Aozora Bank as a financial advisor, and TMI Associates as a legal advisor. Godo Kaisha JSHD and management of Nippon Concept completed the acquisition of 58.60% stake in Nippon Concept Corporation (TSE:9386) from Takayoshi Matsumoto, M and M Co.,Ltd. and others for ¥24.9 billion on August 13, 2025.New Risk • Jul 17New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. Cash payout ratio: 0% Dividend yield: 2.6% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risk Dividend is not well covered by cash flows (0% cash payout ratio).New Risk • Jul 01New 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 4.9% 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. This is currently the only risk that has been identified for the company.Valuation Update With 7 Day Price Move • Jul 01Investor sentiment improves as stock rises 24%After last week's 24% share price gain to JP¥2,731, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 8x in the Shipping industry in Japan. Total returns to shareholders of 116% over the past three years.お知らせ • Jun 30+ 3 more updatesNippon Concept Corporation Revises Consolidated Earnings Guidance for the Second Quarter (Cumulative) Ended June 30, 2025 and Fiscal Year Ending December 31, 2025Nippon Concept Corporation revised consolidated earnings guidance for the second quarter (cumulative) ended June 30, 2025 and fiscal year ending December 31, 2025. For the second quarter (cumulative), the company expected net sales of JPY 8,745 million as compared to previous guidance of JPY 9,887 million. Operating profit of JPY 941 million as compared to previous guidance of JPY 1,556 million. Net income attributable to owners of parent of JPY 587 million as compared to previous guidance of JPY 1,046 million. Net income per share of JPY 42.33 as compared to previous guidance of JPY 75.43. For the full Fiscal Year Ending December 31, 2025, the company expected net sales of JPY 17,409 million as compared to previous guidance of JPY 19,939 million. Operating profit of JPY 2,627 million as compared to previous guidance of JPY 3,306 million. Net income attributable to owners of parent of JPY 1,708 million as compared to previous guidance of JPY 2,227 million. Net income per share of JPY 123.16 as compared to previous guidance of million JPY 160.59. As China's chemical production capacity continues to expand, competition in import and export transactions has intensified since the beginning of the year, resulting in an increase in low-profitability shipments compared to the initial forecast. In addition, the number of domestic shipments handled has fallen far short of targets. Given the concern over a decline in transportation demand due to U.S. tariffs, we have determined that efforts to recover earnings, streamlining operations, and steady growth in the high- pressure gas business will be insufficient to compensate for this. As a result, we have decided to revise downward our consolidated earnings forecast for the second quarter (cumulative) and full-year fiscal year ending December 2025.分析記事 • Jun 20Investors Appear Satisfied With Nippon Concept Corporation's (TSE:9386) Prospects As Shares Rocket 27%Nippon Concept Corporation ( TSE:9386 ) shares have had a really impressive month, gaining 27% after a shaky period...Upcoming Dividend • Jun 20Upcoming dividend of JP¥40.00 per shareEligible shareholders must have bought the stock before 27 June 2025. Payment date: 02 September 2025. Payout ratio is a comfortable 56% and this is well supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of Japanese dividend payers (4.0%). Lower than average of industry peers (4.4%).お知らせ • Jun 03Nippon Concept Corporation to Report First Half, 2025 Results on Aug 13, 2025Nippon Concept Corporation announced that they will report first half, 2025 results on Aug 13, 2025Reported Earnings • May 21First quarter 2025 earnings released: EPS: JP¥17.16 (vs JP¥31.66 in 1Q 2024)First quarter 2025 results: EPS: JP¥17.16 (down from JP¥31.66 in 1Q 2024). Revenue: JP¥4.51b (up 11% from 1Q 2024). Net income: JP¥238.0m (down 46% from 1Q 2024). Profit margin: 5.3% (down from 11% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, while revenues in the Shipping industry in Japan are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.Declared Dividend • May 20Final dividend of JP¥40.00 announcedShareholders will receive a dividend of JP¥40.00. Ex-date: 27th June 2025 Payment date: 2nd September 2025 Dividend yield will be 4.8%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (50% earnings payout ratio) and cash flows (59% cash payout ratio). The dividend has increased by an average of 18% 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 42% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to JP¥1,572, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 8x in the Shipping industry in Asia. Total returns to shareholders of 21% over the past three years.分析記事 • Apr 06These 4 Measures Indicate That Nippon Concept (TSE:9386) Is Using Debt Reasonably WellSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...お知らせ • Mar 13Nippon Concept Corporation to Report Q1, 2025 Results on May 15, 2025Nippon Concept Corporation announced that they will report Q1, 2025 results on May 15, 2025Reported Earnings • Feb 15Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: EPS: JP¥139 (down from JP¥175 in FY 2023). Revenue: JP¥18.2b (up 5.4% from FY 2023). Net income: JP¥1.93b (down 21% from FY 2023). Profit margin: 11% (down from 14% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.0%. Revenue is forecast to grow 8.7% p.a. on average during the next 2 years, compared to a 2.1% decline forecast for the Shipping industry in Asia. 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 7% per year, which means it is well ahead of earnings.お知らせ • Feb 13Nippon Concept Corporation, Annual General Meeting, Mar 27, 2025Nippon Concept Corporation, Annual General Meeting, Mar 27, 2025.Upcoming Dividend • Dec 20Upcoming dividend of JP¥40.00 per shareEligible shareholders must have bought the stock before 27 December 2024. Payment date: 28 March 2025. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (5.1%).お知らせ • Dec 13Nippon Concept Corporation to Report Fiscal Year 2024 Results on Feb 13, 2025Nippon Concept Corporation announced that they will report fiscal year 2024 results on Feb 13, 2025お知らせ • Sep 04Nippon Concept Corporation to Report Nine Months, 2024 Results on Nov 13, 2024Nippon Concept Corporation announced that they will report nine months, 2024 results on Nov 13, 2024Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to JP¥1,445, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 9x in the Shipping industry in Asia. Total loss to shareholders of 31% over the past three years.Major Estimate Revision • Jun 22Consensus EPS estimates fall by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from JP¥19.4b to JP¥18.3b. EPS estimate also fell from JP¥168 per share to JP¥149 per share. Net income forecast to grow 3.1% next year vs 37% growth forecast for Shipping industry in Japan. Consensus price target down from JP¥2,800 to JP¥2,500. Share price fell 3.9% to JP¥1,842 over the past week.Price Target Changed • Jun 21Price target decreased by 17% to JP¥2,500Down from JP¥3,000, the current price target is provided by 1 analyst. New target price is 36% above last closing price of JP¥1,842. Stock is up 4.0% over the past year. The company is forecast to post earnings per share of JP¥149 for next year compared to JP¥175 last year.Upcoming Dividend • Jun 20Upcoming dividend of JP¥55.00 per shareEligible shareholders must have bought the stock before 27 June 2024. Payment date: 28 August 2024. 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 (3.4%). Lower than average of industry peers (3.6%).お知らせ • Jun 18Nippon Concept Corporation to Report First Half, 2024 Results on Aug 13, 2024Nippon Concept Corporation announced that they will report first half, 2024 results on Aug 13, 2024Reported Earnings • May 18First quarter 2024 earnings released: EPS: JP¥31.66 (vs JP¥56.97 in 1Q 2023)First quarter 2024 results: EPS: JP¥31.66 (down from JP¥56.97 in 1Q 2023). Revenue: JP¥4.05b (down 16% from 1Q 2023). Net income: JP¥439.0m (down 44% from 1Q 2023). Profit margin: 11% (down from 16% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, while revenues in the Shipping industry in Asia are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.お知らせ • Mar 15Nippon Concept Corporation to Report Q1, 2024 Results on May 14, 2024Nippon Concept Corporation announced that they will report Q1, 2024 results on May 14, 2024お知らせ • Feb 15Nippon Concept Corporation, Annual General Meeting, Mar 27, 2024Nippon Concept Corporation, Annual General Meeting, Mar 27, 2024.Reported Earnings • Feb 15Full year 2023 earnings: EPS in line with expectations, revenues disappointFull year 2023 results: EPS: JP¥175 (down from JP¥235 in FY 2022). Revenue: JP¥17.3b (down 25% from FY 2022). Net income: JP¥2.43b (down 26% from FY 2022). Profit margin: 14% (in line with FY 2022). Revenue missed analyst estimates by 6.5%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 2.8% decline forecast for the Shipping industry in Asia. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Dec 21Upcoming dividend of JP¥25.00 per share at 3.0% yieldEligible shareholders must have bought the stock before 28 December 2023. Payment date: 29 March 2024. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.5%). In line with average of industry peers (3.3%).お知らせ • Nov 27Nippon Concept Corporation to Report Fiscal Year 2023 Results on Feb 13, 2024Nippon Concept Corporation announced that they will report fiscal year 2023 results on Feb 13, 2024Reported Earnings • Nov 18Third quarter 2023 earnings released: EPS: JP¥42.62 (vs JP¥62.88 in 3Q 2022)Third quarter 2023 results: EPS: JP¥42.62 (down from JP¥62.88 in 3Q 2022). Revenue: JP¥4.17b (down 30% from 3Q 2022). Net income: JP¥591.0m (down 32% from 3Q 2022). Profit margin: 14% (in line with 3Q 2022). Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 2.9% decline forecast for the Shipping industry in Asia. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.お知らせ • Sep 01Nippon Concept Corporation to Report Nine Months, 2023 Results on Nov 14, 2023Nippon Concept Corporation announced that they will report nine months, 2023 results on Nov 14, 2023Reported Earnings • Aug 16Second quarter 2023 earnings released: EPS: JP¥48.24 (vs JP¥65.40 in 2Q 2022)Second quarter 2023 results: EPS: JP¥48.24 (down from JP¥65.40 in 2Q 2022). Revenue: JP¥4.22b (down 29% from 2Q 2022). Net income: JP¥669.0m (down 26% from 2Q 2022). Profit margin: 16% (in line with 2Q 2022). Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 9.9% decline forecast for the Shipping industry in Asia. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.New Risk • Jul 19New 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 5.3% 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. This is currently the only risk that has been identified for the company.Valuation Update With 7 Day Price Move • Jul 13Investor sentiment improves as stock rises 16%After last week's 16% share price gain to JP¥2,094, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 8x in the Shipping industry in Asia. Total returns to shareholders of 77% over the past three years.Upcoming Dividend • Jun 22Upcoming dividend of JP¥25.00 per share at 2.9% yieldEligible shareholders must have bought the stock before 29 June 2023. Payment date: 29 August 2023. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.5%). Lower than average of industry peers (5.0%).お知らせ • Jun 02Nippon Concept Corporation to Report Q2, 2023 Results on Aug 14, 2023Nippon Concept Corporation announced that they will report Q2, 2023 results on Aug 14, 2023Reported Earnings • May 19First quarter 2023 earnings released: EPS: JP¥56.97 (vs JP¥56.82 in 1Q 2022)First quarter 2023 results: EPS: JP¥56.97 (up from JP¥56.82 in 1Q 2022). Revenue: JP¥4.80b (down 8.4% from 1Q 2022). Net income: JP¥790.0m (flat on 1Q 2022). Profit margin: 16% (up from 15% in 1Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.1% p.a. on average during the next 2 years, compared to a 12% decline forecast for the Shipping industry in Asia. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.Reported Earnings • Mar 31Full year 2022 earnings: EPS and revenues exceed analyst expectationsFull year 2022 results: EPS: JP¥235 (up from JP¥138 in FY 2021). Revenue: JP¥23.1b (up 36% from FY 2021). Net income: JP¥3.26b (up 70% from FY 2021). Profit margin: 14% (up from 11% in FY 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.9%. Earnings per share (EPS) also surpassed analyst estimates by 4.3%. Revenue is forecast to grow 2.4% p.a. on average during the next 2 years, compared to a 19% decline forecast for the Shipping industry in Asia. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.Reported Earnings • Feb 16Full year 2022 earnings: EPS and revenues exceed analyst expectationsFull year 2022 results: EPS: JP¥235 (up from JP¥138 in FY 2021). Revenue: JP¥23.1b (up 36% from FY 2021). Net income: JP¥3.26b (up 70% from FY 2021). Profit margin: 14% (up from 11% in FY 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.9%. Earnings per share (EPS) also surpassed analyst estimates by 4.3%. Revenue is forecast to grow 2.4% p.a. on average during the next 2 years, compared to a 17% decline forecast for the Shipping industry in Asia. Over the last 3 years on average, earnings per share has increased by 39% 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 • Dec 26Nippon Concept Corporation to Report Fiscal Year 2022 Results on Feb 14, 2023Nippon Concept Corporation announced that they will report fiscal year 2022 results on Feb 14, 2023Upcoming Dividend • Dec 22Upcoming dividend of JP¥17.50 per shareEligible shareholders must have bought the stock before 29 December 2022. Payment date: 31 March 2023. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (14%).Reported Earnings • Nov 16Third quarter 2022 earnings released: EPS: JP¥62.88 (vs JP¥42.18 in 3Q 2021)Third quarter 2022 results: EPS: JP¥62.88 (up from JP¥42.18 in 3Q 2021). Revenue: JP¥5.98b (up 31% from 3Q 2021). Net income: JP¥872.0m (up 49% from 3Q 2021). Profit margin: 15% (up from 13% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 16% decline forecast for the Shipping industry in Asia. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.Board Change • Nov 16Less than half of directors are independentFollowing 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. 5 non-independent directors. Independent Outside Director Osamu Sakurada was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Aug 31Nippon Concept Corporation to Report Q3, 2022 Results on Nov 14, 2022Nippon Concept Corporation announced that they will report Q3, 2022 results on Nov 14, 2022Reported Earnings • Aug 12Second quarter 2022 earnings released: EPS: JP¥65.40 (vs JP¥33.32 in 2Q 2021)Second quarter 2022 results: EPS: JP¥65.40 (up from JP¥33.32 in 2Q 2021). Revenue: JP¥5.97b (up 54% from 2Q 2021). Net income: JP¥907.0m (up 96% from 2Q 2021). Profit margin: 15% (up from 12% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to stay flat compared to a 2.5% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jun 22Upcoming dividend of JP¥17.50 per shareEligible shareholders must have bought the stock before 29 June 2022. Payment date: 30 August 2022. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (9.0%).お知らせ • Jun 02Nippon Concept Corporation to Report Q2, 2022 Results on Aug 10, 2022Nippon Concept Corporation announced that they will report Q2, 2022 results on Aug 10, 2022Reported Earnings • May 17First quarter 2022 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2022 results: EPS: JP¥56.82 (up from JP¥24.09 in 1Q 2021). Revenue: JP¥5.24b (up 43% from 1Q 2021). Net income: JP¥788.0m (up 136% from 1Q 2021). Profit margin: 15% (up from 9.1% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 15%. Earnings per share (EPS) also surpassed analyst estimates by 6.7%. Over the next year, revenue is forecast to grow 1.4%, compared to a 3.8% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.Board Change • Apr 27Less than half of directors are independentFollowing 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. 5 non-independent directors. Independent Outside Director Osamu Sakurada was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Feb 26Nippon Concept Corporation to Report Q1, 2022 Results on May 12, 2022Nippon Concept Corporation announced that they will report Q1, 2022 results on May 12, 2022Reported Earnings • Feb 16Full year 2021 earnings: EPS and revenues exceed analyst expectationsFull year 2021 results: EPS: JP¥138 (up from JP¥74.20 in FY 2020). Revenue: JP¥17.0b (up 39% from FY 2020). Net income: JP¥1.92b (up 87% from FY 2020). Profit margin: 11% (up from 8.4% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) also surpassed analyst estimates by 6.7%. Over the next year, revenue is forecast to grow 4.4%, compared to a 16% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Feb 16Nippon Concept Corporation, Annual General Meeting, Mar 30, 2022Nippon Concept Corporation, Annual General Meeting, Mar 30, 2022.Valuation Update With 7 Day Price Move • Jan 25Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to JP¥1,317, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 6x in the Shipping industry in Asia. Total returns to shareholders of 40% over the past three years.Upcoming Dividend • Dec 22Upcoming dividend of JP¥15.00 per shareEligible shareholders must have bought the stock before 29 December 2021. Payment date: 29 March 2022. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.3%). Lower than average of industry peers (7.9%).Reported Earnings • Nov 12Third quarter 2021 earnings released: EPS JP¥42.18 (vs JP¥20.62 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥4.57b (up 49% from 3Q 2020). Net income: JP¥585.0m (up 105% from 3Q 2020). Profit margin: 13% (up from 9.4% in 3Q 2020). 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 20% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Oct 05Investor sentiment deteriorated over the past weekAfter last week's 19% share price decline to JP¥1,677, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 9x in the Shipping industry in Asia. Total returns to shareholders of 50% over the past three years.Valuation Update With 7 Day Price Move • Sep 20Investor sentiment improved over the past weekAfter last week's 16% share price gain to JP¥2,347, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 10x in the Shipping industry in Asia. Total returns to shareholders of 111% over the past three years.Reported Earnings • Aug 13Second quarter 2021 earnings released: EPS JP¥33.32 (vs JP¥18.32 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥3.88b (up 33% from 2Q 2020). Net income: JP¥462.0m (up 82% from 2Q 2020). Profit margin: 12% (up from 8.7% in 2Q 2020). The increase in margin was driven by higher revenue. 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 21% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Jul 30Investor sentiment improved over the past weekAfter last week's 18% share price gain to JP¥2,380, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 10x in the Shipping industry in Asia. Total returns to shareholders of 92% over the past three years.Upcoming Dividend • Jun 22Upcoming dividend of JP¥15.00 per shareEligible shareholders must have bought the stock before 29 June 2021. Payment date: 31 August 2021. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.0%). Lower than average of industry peers (3.5%).Reported Earnings • May 16First quarter 2021 earnings released: EPS JP¥24.09 (vs JP¥18.60 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: JP¥3.68b (up 17% from 1Q 2020). Net income: JP¥334.0m (up 30% from 1Q 2020). Profit margin: 9.1% (up from 8.2% in 1Q 2020). The increase in margin was driven by higher revenue. 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 4% per year, which means it is well ahead of earnings.Reported Earnings • Apr 01Full year 2020 earnings released: EPS JP¥74.20 (vs JP¥101 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥12.3b (down 3.4% from FY 2019). Net income: JP¥1.03b (down 27% from FY 2019). Profit margin: 8.4% (down from 11% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.お知らせ • Mar 03Nippon Concept Corporation to Report Q1, 2021 Results on May 13, 2021Nippon Concept Corporation announced that they will report Q1, 2021 results on May 13, 2021Is New 90 Day High Low • Mar 01New 90-day high: JP¥1,821The company is up 2.0% from its price of JP¥1,787 on 01 December 2020. The Japanese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Shipping industry, which is up 23% over the same period.Reported Earnings • Feb 14Full year 2020 earnings released: EPS JP¥74.20 (vs JP¥101 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥12.3b (down 3.4% from FY 2019). Net income: JP¥1.03b (down 27% from FY 2019). Profit margin: 8.4% (down from 11% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.Analyst Estimate Surprise Post Earnings • Feb 14Revenue beats expectations, earnings disappointRevenue exceeded analyst estimates by 0.6%. Earnings per share (EPS) missed analyst estimates by 4.7%. Over the next year, revenue is forecast to grow 3.9%, compared to a 14% growth forecast for the Shipping industry in Japan.お知らせ • Feb 12Nippon Concept Corporation, Annual General Meeting, Mar 26, 2021Nippon Concept Corporation, Annual General Meeting, Mar 26, 2021.Is New 90 Day High Low • Jan 20New 90-day low: JP¥1,462The company is down 2.0% from its price of JP¥1,486 on 22 October 2020. The Japanese market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Shipping industry, which is up 25% over the same period.Upcoming Dividend • Dec 22Upcoming Dividend of JP¥15.00 Per ShareWill be paid on the 27th of March to those who are registered shareholders by the 29th of December. The trailing yield of 1.7% is below the top quartile of Japanese dividend payers (3.0%), but is in line with industry peers (1.8%).お知らせ • Dec 19Nippon Concept Corporation to Report Fiscal Year 2020 Results on Feb 10, 2021Nippon Concept Corporation announced that they will report fiscal year 2020 results on Feb 10, 2021お知らせ • Aug 30Nippon Concept Corporation to Report Q3, 2020 Results on Nov 12, 2020Nippon Concept Corporation announced that they will report Q3, 2020 results on Nov 12, 2020業績と収益の成長予測TSE:9386 - アナリストの将来予測と過去の財務データ ( )JPY Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/202724,0002,610N/A4,110112/31/202621,9002,280N/A3,680112/31/202520,0001,880N/A3,23016/30/202518,2571,4871,9793,153N/A3/31/202518,6901,730N/AN/AN/A12/31/202418,2291,9311,8713,077N/A9/30/202417,6511,827N/AN/AN/A6/30/202416,9612,0062,0843,302N/A3/31/202416,5392,080N/AN/AN/A12/31/202317,2922,4312,2284,024N/A9/30/202319,0822,744N/AN/AN/A6/30/202320,8893,0254,0135,447N/A3/31/202322,6413,263N/AN/AN/A12/31/202223,0813,2615,2295,703N/A9/30/202222,0733,105N/AN/AN/A6/30/202220,6582,8183,3433,653N/A3/31/202218,5682,373N/AN/AN/A12/31/202117,0001,9192,3492,546N/A9/30/202115,2701,612N/AN/AN/A6/30/202113,7621,3132,3562,500N/A3/31/202112,8031,105N/AN/AN/A12/31/202012,2771,0292,0152,241N/A9/30/202012,3151,144N/AN/AN/A6/30/202012,4321,2181,9292,288N/A3/31/202012,7461,328N/AN/AN/A12/31/201912,7041,4052,1782,417N/A9/30/201912,6661,428N/AN/AN/A6/30/201912,5751,4302,4322,523N/A3/31/201912,3161,388N/AN/AN/A12/31/201812,1651,346N/A2,034N/A9/30/201812,1001,244N/AN/AN/A6/30/201811,9981,211N/A2,170N/A3/31/201811,9051,196N/AN/AN/A12/31/201711,7051,245N/A2,102N/A9/30/201711,1881,199N/AN/AN/A6/30/201710,7011,132N/A1,637N/A3/31/201710,4891,086N/AN/AN/A12/31/201610,4941,079N/A1,945N/A9/30/201610,7231,191N/AN/AN/A6/30/201610,8811,201N/A2,274N/A3/31/201611,0181,258N/AN/AN/A12/31/201511,0011,300N/A2,061N/A9/30/201510,9721,309N/AN/AN/A6/30/201510,8431,358N/A2,049N/A3/31/201510,5331,313N/AN/AN/A12/31/201410,3021,160N/A1,764N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: 9386の予測収益成長率 (年間21% ) は 貯蓄率 ( 0.5% ) を上回っています。収益対市場: 9386の収益 ( 21% ) はJP市場 ( 8.7% ) よりも速いペースで成長すると予測されています。高成長収益: 9386の収益は今後 3 年間で 大幅に 増加すると予想されています。収益対市場: 9386の収益 ( 10.5% ) JP市場 ( 6% ) よりも速いペースで成長すると予測されています。高い収益成長: 9386の収益 ( 10.5% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: 9386の 自己資本利益率 が 3 年後に高くなると予測されるかどうかを判断するにはデータが不十分です成長企業の発掘7D1Y7D1Y7D1YTransportation 業界の高成長企業。View Past Performance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2025/11/06 21:04終値2025/10/31 00:00収益2025/06/30年間収益2024/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社のGitHubページでご覧いただけます。また、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Nippon Concept Corporation 1 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。2 アナリスト機関Yumiko KaiIchiyoshi Research Institute Inc.null nullStorm Research Limited
お知らせ • Jun 30+ 3 more updatesNippon Concept Corporation Revises Consolidated Earnings Guidance for the Second Quarter (Cumulative) Ended June 30, 2025 and Fiscal Year Ending December 31, 2025Nippon Concept Corporation revised consolidated earnings guidance for the second quarter (cumulative) ended June 30, 2025 and fiscal year ending December 31, 2025. For the second quarter (cumulative), the company expected net sales of JPY 8,745 million as compared to previous guidance of JPY 9,887 million. Operating profit of JPY 941 million as compared to previous guidance of JPY 1,556 million. Net income attributable to owners of parent of JPY 587 million as compared to previous guidance of JPY 1,046 million. Net income per share of JPY 42.33 as compared to previous guidance of JPY 75.43. For the full Fiscal Year Ending December 31, 2025, the company expected net sales of JPY 17,409 million as compared to previous guidance of JPY 19,939 million. Operating profit of JPY 2,627 million as compared to previous guidance of JPY 3,306 million. Net income attributable to owners of parent of JPY 1,708 million as compared to previous guidance of JPY 2,227 million. Net income per share of JPY 123.16 as compared to previous guidance of million JPY 160.59. As China's chemical production capacity continues to expand, competition in import and export transactions has intensified since the beginning of the year, resulting in an increase in low-profitability shipments compared to the initial forecast. In addition, the number of domestic shipments handled has fallen far short of targets. Given the concern over a decline in transportation demand due to U.S. tariffs, we have determined that efforts to recover earnings, streamlining operations, and steady growth in the high- pressure gas business will be insufficient to compensate for this. As a result, we have decided to revise downward our consolidated earnings forecast for the second quarter (cumulative) and full-year fiscal year ending December 2025.
Major Estimate Revision • Jun 22Consensus EPS estimates fall by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from JP¥19.4b to JP¥18.3b. EPS estimate also fell from JP¥168 per share to JP¥149 per share. Net income forecast to grow 3.1% next year vs 37% growth forecast for Shipping industry in Japan. Consensus price target down from JP¥2,800 to JP¥2,500. Share price fell 3.9% to JP¥1,842 over the past week.
Price Target Changed • Jun 21Price target decreased by 17% to JP¥2,500Down from JP¥3,000, the current price target is provided by 1 analyst. New target price is 36% above last closing price of JP¥1,842. Stock is up 4.0% over the past year. The company is forecast to post earnings per share of JP¥149 for next year compared to JP¥175 last year.
Reported Earnings • Aug 15Second quarter 2025 earnings released: EPS: JP¥25.38 (vs JP¥42.91 in 2Q 2024)Second quarter 2025 results: EPS: JP¥25.38 (down from JP¥42.91 in 2Q 2024). Revenue: JP¥4.21b (down 9.3% from 2Q 2024). Net income: JP¥352.0m (down 41% from 2Q 2024). Profit margin: 8.4% (down from 13% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, while revenues in the Shipping industry in Japan are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 24% 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 14Godo Kaisha JSHD and management of Nippon Concept completed the acquisition of 58.60% stake in Nippon Concept Corporation (TSE:9386) from Takayoshi Matsumoto, M and M Co.,Ltd. and others for ¥24.9 billion.Godo Kaisha JSHD and management of Nippon Concept proposed to acquire 71% stake in Nippon Concept Corporation (TSE:9386) from Takayoshi Matsumoto, M and M Co.,Ltd. and others for ¥30.1 billion on June 30, 2025. Godo Kaisha JSHD intends to make Nippon Concept Corporation a wholly owned subsidiary through the Tender Offer and a series of procedures scheduled thereafter and that the Nippon Concept Corporation shares are scheduled to be delisted. As per the terms Godo Kaisha JSHD will pay ¥3060 per share for 9.845975 million shares. The tender offer is subject to minimum tender of 5,223,400 shares. The offer period will end on August 13, 2025. Yebisu Matsumoto Law Office and Nishimura & Asahi acted as legal advisor to Nippon Concept Corporation. Akasaka International Tax & Co., Investment Banking Arm, AGS Consulting Co., Ltd. and WithCore acted as financial advisor to Nippon Concept Corporation. Takayoshi Matsumoto appointed Aoyama Zaisan Networks Co., Ltd. and Aozora Bank as a financial advisor, and TMI Associates as a legal advisor. Godo Kaisha JSHD and management of Nippon Concept completed the acquisition of 58.60% stake in Nippon Concept Corporation (TSE:9386) from Takayoshi Matsumoto, M and M Co.,Ltd. and others for ¥24.9 billion on August 13, 2025.
New Risk • Jul 17New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. Cash payout ratio: 0% Dividend yield: 2.6% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risk Dividend is not well covered by cash flows (0% cash payout ratio).
New Risk • Jul 01New 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 4.9% 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. This is currently the only risk that has been identified for the company.
Valuation Update With 7 Day Price Move • Jul 01Investor sentiment improves as stock rises 24%After last week's 24% share price gain to JP¥2,731, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 8x in the Shipping industry in Japan. Total returns to shareholders of 116% over the past three years.
お知らせ • Jun 30+ 3 more updatesNippon Concept Corporation Revises Consolidated Earnings Guidance for the Second Quarter (Cumulative) Ended June 30, 2025 and Fiscal Year Ending December 31, 2025Nippon Concept Corporation revised consolidated earnings guidance for the second quarter (cumulative) ended June 30, 2025 and fiscal year ending December 31, 2025. For the second quarter (cumulative), the company expected net sales of JPY 8,745 million as compared to previous guidance of JPY 9,887 million. Operating profit of JPY 941 million as compared to previous guidance of JPY 1,556 million. Net income attributable to owners of parent of JPY 587 million as compared to previous guidance of JPY 1,046 million. Net income per share of JPY 42.33 as compared to previous guidance of JPY 75.43. For the full Fiscal Year Ending December 31, 2025, the company expected net sales of JPY 17,409 million as compared to previous guidance of JPY 19,939 million. Operating profit of JPY 2,627 million as compared to previous guidance of JPY 3,306 million. Net income attributable to owners of parent of JPY 1,708 million as compared to previous guidance of JPY 2,227 million. Net income per share of JPY 123.16 as compared to previous guidance of million JPY 160.59. As China's chemical production capacity continues to expand, competition in import and export transactions has intensified since the beginning of the year, resulting in an increase in low-profitability shipments compared to the initial forecast. In addition, the number of domestic shipments handled has fallen far short of targets. Given the concern over a decline in transportation demand due to U.S. tariffs, we have determined that efforts to recover earnings, streamlining operations, and steady growth in the high- pressure gas business will be insufficient to compensate for this. As a result, we have decided to revise downward our consolidated earnings forecast for the second quarter (cumulative) and full-year fiscal year ending December 2025.
分析記事 • Jun 20Investors Appear Satisfied With Nippon Concept Corporation's (TSE:9386) Prospects As Shares Rocket 27%Nippon Concept Corporation ( TSE:9386 ) shares have had a really impressive month, gaining 27% after a shaky period...
Upcoming Dividend • Jun 20Upcoming dividend of JP¥40.00 per shareEligible shareholders must have bought the stock before 27 June 2025. Payment date: 02 September 2025. Payout ratio is a comfortable 56% and this is well supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of Japanese dividend payers (4.0%). Lower than average of industry peers (4.4%).
お知らせ • Jun 03Nippon Concept Corporation to Report First Half, 2025 Results on Aug 13, 2025Nippon Concept Corporation announced that they will report first half, 2025 results on Aug 13, 2025
Reported Earnings • May 21First quarter 2025 earnings released: EPS: JP¥17.16 (vs JP¥31.66 in 1Q 2024)First quarter 2025 results: EPS: JP¥17.16 (down from JP¥31.66 in 1Q 2024). Revenue: JP¥4.51b (up 11% from 1Q 2024). Net income: JP¥238.0m (down 46% from 1Q 2024). Profit margin: 5.3% (down from 11% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, while revenues in the Shipping industry in Japan are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.
Declared Dividend • May 20Final dividend of JP¥40.00 announcedShareholders will receive a dividend of JP¥40.00. Ex-date: 27th June 2025 Payment date: 2nd September 2025 Dividend yield will be 4.8%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (50% earnings payout ratio) and cash flows (59% cash payout ratio). The dividend has increased by an average of 18% 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 42% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to JP¥1,572, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 8x in the Shipping industry in Asia. Total returns to shareholders of 21% over the past three years.
分析記事 • Apr 06These 4 Measures Indicate That Nippon Concept (TSE:9386) Is Using Debt Reasonably WellSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
お知らせ • Mar 13Nippon Concept Corporation to Report Q1, 2025 Results on May 15, 2025Nippon Concept Corporation announced that they will report Q1, 2025 results on May 15, 2025
Reported Earnings • Feb 15Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: EPS: JP¥139 (down from JP¥175 in FY 2023). Revenue: JP¥18.2b (up 5.4% from FY 2023). Net income: JP¥1.93b (down 21% from FY 2023). Profit margin: 11% (down from 14% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.0%. Revenue is forecast to grow 8.7% p.a. on average during the next 2 years, compared to a 2.1% decline forecast for the Shipping industry in Asia. 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 7% per year, which means it is well ahead of earnings.
お知らせ • Feb 13Nippon Concept Corporation, Annual General Meeting, Mar 27, 2025Nippon Concept Corporation, Annual General Meeting, Mar 27, 2025.
Upcoming Dividend • Dec 20Upcoming dividend of JP¥40.00 per shareEligible shareholders must have bought the stock before 27 December 2024. Payment date: 28 March 2025. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (5.1%).
お知らせ • Dec 13Nippon Concept Corporation to Report Fiscal Year 2024 Results on Feb 13, 2025Nippon Concept Corporation announced that they will report fiscal year 2024 results on Feb 13, 2025
お知らせ • Sep 04Nippon Concept Corporation to Report Nine Months, 2024 Results on Nov 13, 2024Nippon Concept Corporation announced that they will report nine months, 2024 results on Nov 13, 2024
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to JP¥1,445, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 9x in the Shipping industry in Asia. Total loss to shareholders of 31% over the past three years.
Major Estimate Revision • Jun 22Consensus EPS estimates fall by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from JP¥19.4b to JP¥18.3b. EPS estimate also fell from JP¥168 per share to JP¥149 per share. Net income forecast to grow 3.1% next year vs 37% growth forecast for Shipping industry in Japan. Consensus price target down from JP¥2,800 to JP¥2,500. Share price fell 3.9% to JP¥1,842 over the past week.
Price Target Changed • Jun 21Price target decreased by 17% to JP¥2,500Down from JP¥3,000, the current price target is provided by 1 analyst. New target price is 36% above last closing price of JP¥1,842. Stock is up 4.0% over the past year. The company is forecast to post earnings per share of JP¥149 for next year compared to JP¥175 last year.
Upcoming Dividend • Jun 20Upcoming dividend of JP¥55.00 per shareEligible shareholders must have bought the stock before 27 June 2024. Payment date: 28 August 2024. 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 (3.4%). Lower than average of industry peers (3.6%).
お知らせ • Jun 18Nippon Concept Corporation to Report First Half, 2024 Results on Aug 13, 2024Nippon Concept Corporation announced that they will report first half, 2024 results on Aug 13, 2024
Reported Earnings • May 18First quarter 2024 earnings released: EPS: JP¥31.66 (vs JP¥56.97 in 1Q 2023)First quarter 2024 results: EPS: JP¥31.66 (down from JP¥56.97 in 1Q 2023). Revenue: JP¥4.05b (down 16% from 1Q 2023). Net income: JP¥439.0m (down 44% from 1Q 2023). Profit margin: 11% (down from 16% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, while revenues in the Shipping industry in Asia are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
お知らせ • Mar 15Nippon Concept Corporation to Report Q1, 2024 Results on May 14, 2024Nippon Concept Corporation announced that they will report Q1, 2024 results on May 14, 2024
お知らせ • Feb 15Nippon Concept Corporation, Annual General Meeting, Mar 27, 2024Nippon Concept Corporation, Annual General Meeting, Mar 27, 2024.
Reported Earnings • Feb 15Full year 2023 earnings: EPS in line with expectations, revenues disappointFull year 2023 results: EPS: JP¥175 (down from JP¥235 in FY 2022). Revenue: JP¥17.3b (down 25% from FY 2022). Net income: JP¥2.43b (down 26% from FY 2022). Profit margin: 14% (in line with FY 2022). Revenue missed analyst estimates by 6.5%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 2.8% decline forecast for the Shipping industry in Asia. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Dec 21Upcoming dividend of JP¥25.00 per share at 3.0% yieldEligible shareholders must have bought the stock before 28 December 2023. Payment date: 29 March 2024. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.5%). In line with average of industry peers (3.3%).
お知らせ • Nov 27Nippon Concept Corporation to Report Fiscal Year 2023 Results on Feb 13, 2024Nippon Concept Corporation announced that they will report fiscal year 2023 results on Feb 13, 2024
Reported Earnings • Nov 18Third quarter 2023 earnings released: EPS: JP¥42.62 (vs JP¥62.88 in 3Q 2022)Third quarter 2023 results: EPS: JP¥42.62 (down from JP¥62.88 in 3Q 2022). Revenue: JP¥4.17b (down 30% from 3Q 2022). Net income: JP¥591.0m (down 32% from 3Q 2022). Profit margin: 14% (in line with 3Q 2022). Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 2.9% decline forecast for the Shipping industry in Asia. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
お知らせ • Sep 01Nippon Concept Corporation to Report Nine Months, 2023 Results on Nov 14, 2023Nippon Concept Corporation announced that they will report nine months, 2023 results on Nov 14, 2023
Reported Earnings • Aug 16Second quarter 2023 earnings released: EPS: JP¥48.24 (vs JP¥65.40 in 2Q 2022)Second quarter 2023 results: EPS: JP¥48.24 (down from JP¥65.40 in 2Q 2022). Revenue: JP¥4.22b (down 29% from 2Q 2022). Net income: JP¥669.0m (down 26% from 2Q 2022). Profit margin: 16% (in line with 2Q 2022). Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 9.9% decline forecast for the Shipping industry in Asia. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
New Risk • Jul 19New 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 5.3% 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. This is currently the only risk that has been identified for the company.
Valuation Update With 7 Day Price Move • Jul 13Investor sentiment improves as stock rises 16%After last week's 16% share price gain to JP¥2,094, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 8x in the Shipping industry in Asia. Total returns to shareholders of 77% over the past three years.
Upcoming Dividend • Jun 22Upcoming dividend of JP¥25.00 per share at 2.9% yieldEligible shareholders must have bought the stock before 29 June 2023. Payment date: 29 August 2023. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.5%). Lower than average of industry peers (5.0%).
お知らせ • Jun 02Nippon Concept Corporation to Report Q2, 2023 Results on Aug 14, 2023Nippon Concept Corporation announced that they will report Q2, 2023 results on Aug 14, 2023
Reported Earnings • May 19First quarter 2023 earnings released: EPS: JP¥56.97 (vs JP¥56.82 in 1Q 2022)First quarter 2023 results: EPS: JP¥56.97 (up from JP¥56.82 in 1Q 2022). Revenue: JP¥4.80b (down 8.4% from 1Q 2022). Net income: JP¥790.0m (flat on 1Q 2022). Profit margin: 16% (up from 15% in 1Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.1% p.a. on average during the next 2 years, compared to a 12% decline forecast for the Shipping industry in Asia. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Mar 31Full year 2022 earnings: EPS and revenues exceed analyst expectationsFull year 2022 results: EPS: JP¥235 (up from JP¥138 in FY 2021). Revenue: JP¥23.1b (up 36% from FY 2021). Net income: JP¥3.26b (up 70% from FY 2021). Profit margin: 14% (up from 11% in FY 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.9%. Earnings per share (EPS) also surpassed analyst estimates by 4.3%. Revenue is forecast to grow 2.4% p.a. on average during the next 2 years, compared to a 19% decline forecast for the Shipping industry in Asia. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Feb 16Full year 2022 earnings: EPS and revenues exceed analyst expectationsFull year 2022 results: EPS: JP¥235 (up from JP¥138 in FY 2021). Revenue: JP¥23.1b (up 36% from FY 2021). Net income: JP¥3.26b (up 70% from FY 2021). Profit margin: 14% (up from 11% in FY 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.9%. Earnings per share (EPS) also surpassed analyst estimates by 4.3%. Revenue is forecast to grow 2.4% p.a. on average during the next 2 years, compared to a 17% decline forecast for the Shipping industry in Asia. Over the last 3 years on average, earnings per share has increased by 39% 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 • Dec 26Nippon Concept Corporation to Report Fiscal Year 2022 Results on Feb 14, 2023Nippon Concept Corporation announced that they will report fiscal year 2022 results on Feb 14, 2023
Upcoming Dividend • Dec 22Upcoming dividend of JP¥17.50 per shareEligible shareholders must have bought the stock before 29 December 2022. Payment date: 31 March 2023. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (14%).
Reported Earnings • Nov 16Third quarter 2022 earnings released: EPS: JP¥62.88 (vs JP¥42.18 in 3Q 2021)Third quarter 2022 results: EPS: JP¥62.88 (up from JP¥42.18 in 3Q 2021). Revenue: JP¥5.98b (up 31% from 3Q 2021). Net income: JP¥872.0m (up 49% from 3Q 2021). Profit margin: 15% (up from 13% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 16% decline forecast for the Shipping industry in Asia. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
Board Change • Nov 16Less than half of directors are independentFollowing 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. 5 non-independent directors. Independent Outside Director Osamu Sakurada was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Aug 31Nippon Concept Corporation to Report Q3, 2022 Results on Nov 14, 2022Nippon Concept Corporation announced that they will report Q3, 2022 results on Nov 14, 2022
Reported Earnings • Aug 12Second quarter 2022 earnings released: EPS: JP¥65.40 (vs JP¥33.32 in 2Q 2021)Second quarter 2022 results: EPS: JP¥65.40 (up from JP¥33.32 in 2Q 2021). Revenue: JP¥5.97b (up 54% from 2Q 2021). Net income: JP¥907.0m (up 96% from 2Q 2021). Profit margin: 15% (up from 12% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to stay flat compared to a 2.5% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jun 22Upcoming dividend of JP¥17.50 per shareEligible shareholders must have bought the stock before 29 June 2022. Payment date: 30 August 2022. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (9.0%).
お知らせ • Jun 02Nippon Concept Corporation to Report Q2, 2022 Results on Aug 10, 2022Nippon Concept Corporation announced that they will report Q2, 2022 results on Aug 10, 2022
Reported Earnings • May 17First quarter 2022 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2022 results: EPS: JP¥56.82 (up from JP¥24.09 in 1Q 2021). Revenue: JP¥5.24b (up 43% from 1Q 2021). Net income: JP¥788.0m (up 136% from 1Q 2021). Profit margin: 15% (up from 9.1% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 15%. Earnings per share (EPS) also surpassed analyst estimates by 6.7%. Over the next year, revenue is forecast to grow 1.4%, compared to a 3.8% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
Board Change • Apr 27Less than half of directors are independentFollowing 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. 5 non-independent directors. Independent Outside Director Osamu Sakurada was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Feb 26Nippon Concept Corporation to Report Q1, 2022 Results on May 12, 2022Nippon Concept Corporation announced that they will report Q1, 2022 results on May 12, 2022
Reported Earnings • Feb 16Full year 2021 earnings: EPS and revenues exceed analyst expectationsFull year 2021 results: EPS: JP¥138 (up from JP¥74.20 in FY 2020). Revenue: JP¥17.0b (up 39% from FY 2020). Net income: JP¥1.92b (up 87% from FY 2020). Profit margin: 11% (up from 8.4% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) also surpassed analyst estimates by 6.7%. Over the next year, revenue is forecast to grow 4.4%, compared to a 16% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Feb 16Nippon Concept Corporation, Annual General Meeting, Mar 30, 2022Nippon Concept Corporation, Annual General Meeting, Mar 30, 2022.
Valuation Update With 7 Day Price Move • Jan 25Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to JP¥1,317, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 6x in the Shipping industry in Asia. Total returns to shareholders of 40% over the past three years.
Upcoming Dividend • Dec 22Upcoming dividend of JP¥15.00 per shareEligible shareholders must have bought the stock before 29 December 2021. Payment date: 29 March 2022. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.3%). Lower than average of industry peers (7.9%).
Reported Earnings • Nov 12Third quarter 2021 earnings released: EPS JP¥42.18 (vs JP¥20.62 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥4.57b (up 49% from 3Q 2020). Net income: JP¥585.0m (up 105% from 3Q 2020). Profit margin: 13% (up from 9.4% in 3Q 2020). 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 20% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Oct 05Investor sentiment deteriorated over the past weekAfter last week's 19% share price decline to JP¥1,677, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 9x in the Shipping industry in Asia. Total returns to shareholders of 50% over the past three years.
Valuation Update With 7 Day Price Move • Sep 20Investor sentiment improved over the past weekAfter last week's 16% share price gain to JP¥2,347, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 10x in the Shipping industry in Asia. Total returns to shareholders of 111% over the past three years.
Reported Earnings • Aug 13Second quarter 2021 earnings released: EPS JP¥33.32 (vs JP¥18.32 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥3.88b (up 33% from 2Q 2020). Net income: JP¥462.0m (up 82% from 2Q 2020). Profit margin: 12% (up from 8.7% in 2Q 2020). The increase in margin was driven by higher revenue. 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 21% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Jul 30Investor sentiment improved over the past weekAfter last week's 18% share price gain to JP¥2,380, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 10x in the Shipping industry in Asia. Total returns to shareholders of 92% over the past three years.
Upcoming Dividend • Jun 22Upcoming dividend of JP¥15.00 per shareEligible shareholders must have bought the stock before 29 June 2021. Payment date: 31 August 2021. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.0%). Lower than average of industry peers (3.5%).
Reported Earnings • May 16First quarter 2021 earnings released: EPS JP¥24.09 (vs JP¥18.60 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: JP¥3.68b (up 17% from 1Q 2020). Net income: JP¥334.0m (up 30% from 1Q 2020). Profit margin: 9.1% (up from 8.2% in 1Q 2020). The increase in margin was driven by higher revenue. 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 4% per year, which means it is well ahead of earnings.
Reported Earnings • Apr 01Full year 2020 earnings released: EPS JP¥74.20 (vs JP¥101 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥12.3b (down 3.4% from FY 2019). Net income: JP¥1.03b (down 27% from FY 2019). Profit margin: 8.4% (down from 11% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.
お知らせ • Mar 03Nippon Concept Corporation to Report Q1, 2021 Results on May 13, 2021Nippon Concept Corporation announced that they will report Q1, 2021 results on May 13, 2021
Is New 90 Day High Low • Mar 01New 90-day high: JP¥1,821The company is up 2.0% from its price of JP¥1,787 on 01 December 2020. The Japanese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Shipping industry, which is up 23% over the same period.
Reported Earnings • Feb 14Full year 2020 earnings released: EPS JP¥74.20 (vs JP¥101 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥12.3b (down 3.4% from FY 2019). Net income: JP¥1.03b (down 27% from FY 2019). Profit margin: 8.4% (down from 11% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.
Analyst Estimate Surprise Post Earnings • Feb 14Revenue beats expectations, earnings disappointRevenue exceeded analyst estimates by 0.6%. Earnings per share (EPS) missed analyst estimates by 4.7%. Over the next year, revenue is forecast to grow 3.9%, compared to a 14% growth forecast for the Shipping industry in Japan.
お知らせ • Feb 12Nippon Concept Corporation, Annual General Meeting, Mar 26, 2021Nippon Concept Corporation, Annual General Meeting, Mar 26, 2021.
Is New 90 Day High Low • Jan 20New 90-day low: JP¥1,462The company is down 2.0% from its price of JP¥1,486 on 22 October 2020. The Japanese market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Shipping industry, which is up 25% over the same period.
Upcoming Dividend • Dec 22Upcoming Dividend of JP¥15.00 Per ShareWill be paid on the 27th of March to those who are registered shareholders by the 29th of December. The trailing yield of 1.7% is below the top quartile of Japanese dividend payers (3.0%), but is in line with industry peers (1.8%).
お知らせ • Dec 19Nippon Concept Corporation to Report Fiscal Year 2020 Results on Feb 10, 2021Nippon Concept Corporation announced that they will report fiscal year 2020 results on Feb 10, 2021
お知らせ • Aug 30Nippon Concept Corporation to Report Q3, 2020 Results on Nov 12, 2020Nippon Concept Corporation announced that they will report Q3, 2020 results on Nov 12, 2020