View ValuationElectric Power Development 将来の成長Future 基準チェック /06Electric Power Developmentの収益と利益は、それぞれ年間0.7%と10.1%減少すると予測されています。EPS は年間9.7%で 減少すると予想されています。自己資本利益率は 3 年後に4.6%になると予測されています。主要情報-10.1%収益成長率-9.66%EPS成長率Renewable Energy 収益成長12.0%収益成長率-0.7%将来の株主資本利益率4.58%アナリストカバレッジGood最終更新日12 May 2026今後の成長に関する最新情報Price Target Changed • Dec 30Price target increased by 7.4% to JP¥3,077Up from JP¥2,864, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of JP¥3,163. Stock is up 23% over the past year. The company is forecast to post earnings per share of JP¥538 for next year compared to JP¥506 last year.Major Estimate Revision • Feb 22Consensus EPS estimates increase by 16%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from JP¥1.24t to JP¥1.26t. EPS estimate increased from JP¥365 to JP¥421 per share. Net income forecast to shrink 29% next year vs 22% growth forecast for Renewable Energy industry in Japan . Consensus price target up from JP¥2,564 to JP¥2,628. Share price was steady at JP¥2,477 over the past week.Major Estimate Revision • Nov 16Consensus EPS estimates increase by 11%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from JP¥286 to JP¥318. Revenue forecast unchanged at JP¥1.19t. Net income forecast to shrink 37% next year vs 24% growth forecast for Renewable Energy industry in Japan . Consensus price target of JP¥2,544 unchanged from last update. Share price was steady at JP¥2,640 over the past week.Major Estimate Revision • Nov 18Consensus revenue estimates fall by 16%The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from JP¥1.53t to JP¥1.28t. EPS estimate fell from JP¥385 to JP¥352 per share. Net income forecast to shrink 22% next year vs 59% growth forecast for Renewable Energy industry in Japan . Consensus price target of JP¥2,305 unchanged from last update. Share price was steady at JP¥2,324 over the past week.Major Estimate Revision • Dec 22Consensus EPS estimates increase by 10%The consensus outlook for earnings per share (EPS) in 2023 has improved. 2023 revenue forecast increased from JP¥1.78t to JP¥1.83t. EPS estimate increased from JP¥500 to JP¥550 per share. Net income forecast to shrink 23% next year vs 72% growth forecast for Renewable Energy industry in Japan . Consensus price target of JP¥2,362 unchanged from last update. Share price was steady at JP¥2,098 over the past week.Major Estimate Revision • Nov 26Consensus forecasts updatedThe consensus outlook for 2023 has been updated. 2023 EPS estimate increased from JP¥409 to JP¥469. Revenue forecast steady at JP¥1.77t. Net income forecast to shrink 30% next year vs 72% growth forecast for Renewable Energy industry in Japan . Consensus price target broadly unchanged at JP¥2,418. Share price rose 4.8% to JP¥2,134 over the past week.すべての更新を表示Recent updatesお知らせ • Apr 02Electric Power Development Co., Ltd. (TSE:9513) completed the acquisition of Business and other operations related to domestic onshore wind power generation facilities from Mitsubishi Heavy Industries, Ltd. (TSE:7011).Electric Power Development Co., Ltd. (TSE:9513) signed a basic agreement to acquire Business and other operations related to domestic onshore wind power generation facilities from Mitsubishi Heavy Industries, Ltd. (TSE:7011) on November 7, 2025. Electric Power Development Co., Ltd. signed an agreement to acquire Business and other operations related to domestic onshore wind power generation facilities from Mitsubishi Heavy Industries, Ltd. on February 10, 2026. The expected completion of the transaction is April 1, 2026. Electric Power Development Co., Ltd. (TSE:9513) completed the acquisition of Business and other operations related to domestic onshore wind power generation facilities from Mitsubishi Heavy Industries, Ltd. (TSE:7011) on April 1, 2026.Upcoming Dividend • Mar 23Upcoming dividend of JP¥50.00 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: 2.6%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (2.6%).Reported Earnings • Jan 31Third quarter 2026 earnings: EPS in line with expectations, revenues disappointThird quarter 2026 results: EPS: JP¥118 (down from JP¥171 in 3Q 2025). Revenue: JP¥293.1b (down 7.9% from 3Q 2025). Net income: JP¥21.0b (down 33% from 3Q 2025). Profit margin: 7.2% (down from 9.8% in 3Q 2025). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 2.5%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to stay flat during the next 3 years compared to a 8.6% growth forecast for the Renewable Energy industry in Asia. 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 16% per year, which means it is well ahead of earnings.お知らせ • Jan 30+ 1 more updateElectric Power Development Co., Ltd. Announces Leadership ChangesElectric Power Development Co., Ltd. announced Hitoshi Kanno, President and CEO, has submitted his resignation from his positions as the Representative Director President for health reasons and will take new position as Special Counselor, and his resignation has been approved by the Board of Directors. Accordingly, he will step down effective as of March 31, 2026, and Hideaki Kato will be appointed as his successor as President. Hideaki Kato- After Change (as of April 1, 2026); Representative Director, President and Chief Executive Officer. Before Change; Director, Executive Managing Officer. Date of Birth September 28, 1966, Brief Career History; March 1989 Graduated from the School of Economics, Kobe University. April 1989- Joined Electric Power Development Co., Ltd. June 2017- Department Director of Corporate Planning & Administration Dept. April 2021- Executive Officer and Department Director of Corporate Planning & Administration Dept. April 2022- Executive Managing Officer and Department Director of Corporate Planning & Administration Dept. April 2023-Executive Managing Officer, June 2024- Director, Executive Managing Officer (current).お知らせ • Jan 07Electric Power Development Co., Ltd. to Report Q3, 2026 Results on Jan 30, 2026Electric Power Development Co., Ltd. announced that they will report Q3, 2026 results on Jan 30, 2026Price Target Changed • Dec 30Price target increased by 7.4% to JP¥3,077Up from JP¥2,864, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of JP¥3,163. Stock is up 23% over the past year. The company is forecast to post earnings per share of JP¥538 for next year compared to JP¥506 last year.Declared Dividend • Nov 29First half dividend of JP¥50.00 announcedDividend of JP¥50.00 is the same as last year. Ex-date: 30th March 2026 Payment date: 29th June 2026 Dividend yield will be 3.2%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (17% earnings payout ratio) and cash flows (26% cash payout ratio). The dividend has increased by an average of 3.6% 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 decline by 32% over the next 3 years. However, it would need to fall by 81% to increase the payout ratio to a potentially unsustainable range.分析記事 • Nov 25Electric Power Development (TSE:9513) Has More To Do To Multiply In Value Going ForwardFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...Reported Earnings • Nov 01Second quarter 2026 earnings: EPS and revenues miss analyst expectationsSecond quarter 2026 results: EPS: JP¥60.42 (down from JP¥125 in 2Q 2025). Revenue: JP¥321.1b (down 16% from 2Q 2025). Net income: JP¥11.0b (down 52% from 2Q 2025). Profit margin: 3.4% (down from 6.0% in 2Q 2025). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 8.8%. Earnings per share (EPS) also missed analyst estimates by 12%. Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Renewable Energy industry in Japan. 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 11% per year, which means it is well ahead of earnings.お知らせ • Oct 02Electric Power Development Co., Ltd. to Report Q2, 2026 Results on Oct 31, 2025Electric Power Development Co., Ltd. announced that they will report Q2, 2026 results on Oct 31, 2025Upcoming Dividend • Sep 22Upcoming dividend of JP¥50.00 per shareEligible shareholders must have bought the stock before 29 September 2025. Payment date: 01 December 2025. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 3.6%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (3.1%).分析記事 • Aug 26Electric Power Development Co., Ltd. (TSE:9513) Looks Inexpensive But Perhaps Not Attractive EnoughWith a price-to-earnings (or "P/E") ratio of 4.3x Electric Power Development Co., Ltd. ( TSE:9513 ) may be sending very...Reported Earnings • Aug 02First quarter 2026 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2026 results: EPS: JP¥285 (up from JP¥139 in 1Q 2025). Revenue: JP¥250.3b (down 3.4% from 1Q 2025). Net income: JP¥52.1b (up 105% from 1Q 2025). Profit margin: 21% (up from 9.8% in 1Q 2025). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 31%. Earnings per share (EPS) exceeded analyst estimates by 181%. Revenue is forecast to decline by 1.8% p.a. on average during the next 3 years, while revenues in the Renewable Energy industry in Japan are expected to remain flat. 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 11% per year, which means it is well ahead of earnings.Declared Dividend • Jul 09Final dividend of JP¥50.00 announcedShareholders will receive a dividend of JP¥50.00. Ex-date: 29th September 2025 Payment date: 1st December 2025 Dividend yield will be 3.9%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by both earnings (19% earnings payout ratio) and cash flows (14% cash payout ratio). The dividend has increased by an average of 3.6% 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 decline by 27% over the next 3 years. However, it would need to fall by 79% to increase the payout ratio to a potentially unsustainable range.お知らせ • Jul 06Electric Power Development Co., Ltd. to Report Q1, 2026 Results on Jul 31, 2025Electric Power Development Co., Ltd. announced that they will report Q1, 2026 results on Jul 31, 2025Reported Earnings • Jul 01Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: JP¥506 (up from JP¥425 in FY 2024). Revenue: JP¥1.32t (up 4.7% from FY 2024). Net income: JP¥92.5b (up 19% from FY 2024). Profit margin: 7.0% (up from 6.2% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.7%. Revenue is expected to decline by 1.9% p.a. on average during the next 3 years, while revenues in the Renewable Energy industry in Asia are expected to grow by 7.9%. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 3% per year.分析記事 • Jun 21Returns On Capital Are Showing Encouraging Signs At Electric Power Development (TSE:9513)If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...分析記事 • May 16Investors Shouldn't Be Too Comfortable With Electric Power Development's (TSE:9513) EarningsDespite posting some strong earnings, the market for Electric Power Development Co., Ltd.'s ( TSE:9513 ) stock hasn't...Reported Earnings • May 10Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: JP¥506 (up from JP¥425 in FY 2024). Revenue: JP¥1.32t (up 4.7% from FY 2024). Net income: JP¥92.5b (up 19% from FY 2024). Profit margin: 7.0% (up from 6.2% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.7%. Revenue is expected to decline by 2.3% p.a. on average during the next 3 years, while revenues in the Renewable Energy industry in Asia are expected to grow by 8.0%. 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 6% per year, which means it is well ahead of earnings.お知らせ • May 10Electric Power Development Co., Ltd. (TSE:9513) announces an Equity Buyback for 9,000,000 shares, representing 4.92% for ¥20,000 million.Electric Power Development Co., Ltd. (TSE:9513) announces a share repurchase program. Under the program, the company will repurchase 9,000,000 shares, representing 4.92% of the outstanding shares for ¥20,000 million. The purpose of the program is to return of profits to shareholders and to improve capital efficiency. The repurchased shares will be cancelled. The program will run until March 31, 2026. As of March 31, 2025, the company had 182,876,556 shares outstanding and 174,544 shares in treasury.お知らせ • May 09Electric Power Development Co., Ltd., Annual General Meeting, Jun 26, 2025Electric Power Development Co., Ltd., Annual General Meeting, Jun 26, 2025.分析記事 • Apr 28Electric Power Development Co., Ltd. (TSE:9513) Shares Could Be 26% Above Their Intrinsic Value EstimateKey Insights The projected fair value for Electric Power Development is JP¥1,991 based on Dividend Discount Model...Buy Or Sell Opportunity • Apr 08Now 24% overvaluedOver the last 90 days, the stock has fallen 2.1% to JP¥2,436. The fair value is estimated to be JP¥1,965, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 12%. For the next 3 years, revenue is forecast to decline by 2.2% per annum. Earnings are also forecast to decline by 9.9% per annum over the same time period.お知らせ • Mar 29Electric Power Development Co., Ltd. to Report Fiscal Year 2025 Results on May 09, 2025Electric Power Development Co., Ltd. announced that they will report fiscal year 2025 results on May 09, 2025Upcoming Dividend • Mar 21Upcoming dividend of JP¥50.00 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 27 June 2025. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 3.7%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.3%).分析記事 • Mar 18We Like These Underlying Return On Capital Trends At Electric Power Development (TSE:9513)There are a few key trends to look for if we want to identify the next multi-bagger. One common approach is to try and...Major Estimate Revision • Feb 22Consensus EPS estimates increase by 16%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from JP¥1.24t to JP¥1.26t. EPS estimate increased from JP¥365 to JP¥421 per share. Net income forecast to shrink 29% next year vs 22% growth forecast for Renewable Energy industry in Japan . Consensus price target up from JP¥2,564 to JP¥2,628. Share price was steady at JP¥2,477 over the past week.Reported Earnings • Feb 01Third quarter 2025 earnings: EPS and revenues exceed analyst expectationsThird quarter 2025 results: EPS: JP¥171 (up from JP¥157 in 3Q 2024). Revenue: JP¥318.2b (down 3.3% from 3Q 2024). Net income: JP¥31.3b (up 9.3% from 3Q 2024). Profit margin: 9.8% (up from 8.7% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) also surpassed analyst estimates significantly. Revenue is expected to decline by 1.8% p.a. on average during the next 3 years, while revenues in the Renewable Energy industry in Asia are expected to grow by 10%. 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 9% per year.分析記事 • Jan 14Is Electric Power Development (TSE:9513) Using Too Much Debt?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...お知らせ • Jan 03Electric Power Development Co., Ltd. to Report Q3, 2025 Results on Jan 31, 2025Electric Power Development Co., Ltd. announced that they will report Q3, 2025 results on Jan 31, 2025分析記事 • Dec 10Electric Power Development (TSE:9513) Is Looking To Continue Growing Its Returns On CapitalIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...分析記事 • Nov 20Are Electric Power Development Co., Ltd. (TSE:9513) Investors Paying Above The Intrinsic Value?Key Insights Using the Dividend Discount Model, Electric Power Development fair value estimate is JP¥2,052 Electric...Major Estimate Revision • Nov 16Consensus EPS estimates increase by 11%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from JP¥286 to JP¥318. Revenue forecast unchanged at JP¥1.19t. Net income forecast to shrink 37% next year vs 24% growth forecast for Renewable Energy industry in Japan . Consensus price target of JP¥2,544 unchanged from last update. Share price was steady at JP¥2,640 over the past week.Reported Earnings • Nov 02Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2025 results: EPS: JP¥125 (up from JP¥55.34 in 2Q 2024). Revenue: JP¥381.7b (up 9.0% from 2Q 2024). Net income: JP¥22.9b (up 126% from 2Q 2024). Profit margin: 6.0% (up from 2.9% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 18%. Earnings per share (EPS) missed analyst estimates by 7.3%. Revenue is expected to decline by 1.5% p.a. on average during the next 3 years, while revenues in the Renewable Energy industry in Asia are expected to grow by 9.7%. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 23% per year.Buy Or Sell Opportunity • Oct 31Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 5.6% to JP¥2,553. The fair value is estimated to be JP¥2,076, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 32%. For the next 3 years, revenue is forecast to decline by 1.1% per annum. Earnings are also forecast to decline by 3.2% per annum over the same time period.お知らせ • Oct 06Electric Power Development Co., Ltd. to Report Q2, 2025 Results on Oct 31, 2024Electric Power Development Co., Ltd. announced that they will report Q2, 2025 results on Oct 31, 2024分析記事 • Sep 25Electric Power Development Co., Ltd.'s (TSE:9513) Earnings Are Not Doing Enough For Some InvestorsWith a price-to-earnings (or "P/E") ratio of 5.2x Electric Power Development Co., Ltd. ( TSE:9513 ) may be sending very...Upcoming Dividend • Sep 20Upcoming dividend of JP¥50.00 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 4.2%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.2%).分析記事 • Sep 07Returns At Electric Power Development (TSE:9513) Appear To Be Weighed DownThere are a few key trends to look for if we want to identify the next multi-bagger. Firstly, we'd want to identify a...分析記事 • Aug 20Electric Power Development (TSE:9513) Use Of Debt Could Be Considered RiskySome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...お知らせ • Aug 02Electric Power Development Co., Ltd. (TSE:9513) completed the acquisition of remaining 92.28% stake in Genex Power Limited (ASX:GNX) from Skip Capital Pty. Ltd. and others.Electric Power Development Co., Ltd. (TSE:9513) entered into a non-binding, indicative and conditional proposal to acquire 92.28% stake in Genex Power Limited (ASX:GNX) from Skip Capital Pty. Ltd. and others for approximately AUD 350 million on February 5, 2024. Potential Transaction will be funded by Electric Power Development Co., Ltd.’s existing cash reserves and debt facilities. Transaction is subject to Due diligence investigation, approval from Genex Power Limited's shareholders and Subject to court approval and the receipt of all necessary regulatory approvals, including approval from the Foreign Investment Review Board. As of March 30, 2024, J-POWER reconfirmed the Indicative Proposal to Genex and also confirmed it had completed its due diligence on Genex. On April 2, 2024, Genex announced to the ASX that Genex had agreed to extend the Exclusivity Period under the Confidentiality and Exclusivity Deed to Monday, 8 April 2024 to allow additional time for the parties to negotiate an Implementation Agreement for the Potential Scheme. The finalisation of the Implementation Agreement remains subject to the Genex IBC’s approval and J-POWER’s final internal approvals. Accordingly, following a request from J-POWER, Genex has agreed to a further extension of the Exclusivity Period under the Confidentiality and Exclusivity Deed to 5.00pm (AEST) on Monday, 15 April 20242 to allow additional time for the Implementation Agreement to be finalised and J-POWER to obtain the required internal approvals. As of April 12, 2024, board of directors of Genex Power Limited unanimously recommends that Genex Power Limited shareholders vote in favor of the Scheme at the Scheme Meeting. As of June 14, 2024, the Foreign Investment Review Board has approved the transaction. As of July 19, 2024, he transaction is approved by Supreme Court of New South Wales. The transaction is expected to complete in late July 2024. As per the transaction, Genex will be required to pay a break fee to J-POWER and J-POWER will be required to pay a reverse break fee to Genex. The amount of each of the break fee and the reverse break fee, should either become payable is AUD 3.5 million. Goldman Sachs Australia Pty Ltd acted as Financial advisor and Gilbert and Tobin acted as legal advisor to Genex Power Limited. Macquarie Capital Securities (Japan) Limited acted as financial advisor to J-Power. MinterEllison acted as legal advisor to Electric Power Development Co., Ltd. Electric Power Development Co., Ltd. (TSE:9513) completed the acquisition of remaining 92.28% stake in Genex Power Limited (ASX:GNX) from Skip Capital Pty. Ltd. and others on July 31, 2024.Reported Earnings • Aug 02First quarter 2025 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2025 results: EPS: JP¥139 (up from JP¥96.31 in 1Q 2024). Revenue: JP¥259.1b (down 7.9% from 1Q 2024). Net income: JP¥25.5b (up 45% from 1Q 2024). Profit margin: 9.8% (up from 6.3% in 1Q 2024). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) also surpassed analyst estimates significantly. Revenue is forecast to stay flat during the next 3 years compared to a 10% growth forecast for the Renewable Energy 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 14% per year, which means it is significantly lagging earnings growth.お知らせ • Jul 06Electric Power Development Co., Ltd. to Report Q1, 2025 Results on Jul 31, 2024Electric Power Development Co., Ltd. announced that they will report Q1, 2025 results on Jul 31, 2024分析記事 • May 21We Think That There Are More Issues For Electric Power Development (TSE:9513) Than Just Sluggish EarningsThe market wasn't impressed with the soft earnings from Electric Power Development Co., Ltd. ( TSE:9513 ) recently. We...Reported Earnings • May 11Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2024 results: EPS: JP¥425 (down from JP¥621 in FY 2023). Revenue: JP¥1.26t (down 32% from FY 2023). Net income: JP¥77.8b (down 32% from FY 2023). Profit margin: 6.2% (in line with FY 2023). Revenue missed analyst estimates by 7.2%. Earnings per share (EPS) exceeded analyst estimates by 17%. Revenue is forecast to stay flat during the next 3 years compared to a 2.3% growth forecast for the Renewable Energy industry in Japan. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.お知らせ • May 11Electric Power Development Co., Ltd., Annual General Meeting, Jun 26, 2024Electric Power Development Co., Ltd., Annual General Meeting, Jun 26, 2024.分析記事 • Apr 29Here's Why Electric Power Development (TSE:9513) Is Weighed Down By Its Debt LoadLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...お知らせ • Mar 31Electric Power Development Co., Ltd. to Report Fiscal Year 2024 Results on May 09, 2024Electric Power Development Co., Ltd. announced that they will report fiscal year 2024 results on May 09, 2024分析記事 • Mar 29Why Investors Shouldn't Be Surprised By Electric Power Development Co., Ltd.'s (TSE:9513) Low P/EWith a price-to-earnings (or "P/E") ratio of 7.7x Electric Power Development Co., Ltd. ( TSE:9513 ) may be sending...Upcoming Dividend • Mar 21Upcoming dividend of JP¥45.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (3.4%).お知らせ • Mar 06Electric Power Development Co., Ltd. (TSE:9513) entered into a non-binding, indicative and conditional proposal to acquire 92.2% stake in Genex Power Limited (ASX:GNX) from Skip Capital Pty. Ltd. and others for approximately AUD 350 million.Electric Power Development Co., Ltd. (TSE:9513) entered into a non-binding, indicative and conditional proposal to acquire 92.2% stake in Genex Power Limited (ASX:GNX) from Skip Capital Pty. Ltd. and others for approximately AUD 350 million on February 5, 2024. Potential Transaction will be funded by Electric Power Development Co., Ltd.’s existing cash reserves and debt facilities. Transaction is subject to Due diligence investigation, approval from Genex Power Limited's shareholders and Subject to court approval and the receipt of all necessary regulatory approvals, including approval from the Foreign Investment Review Board. Goldman Sachs Australia Pty Ltd acted as Financial advisor and Gilbert and Tobin acted as legal advisor to Genex Power Limited.Reported Earnings • Feb 02Third quarter 2024 earnings: EPS exceeds analyst expectationsThird quarter 2024 results: EPS: JP¥157 (down from JP¥288 in 3Q 2023). Revenue: JP¥329.2b (down 41% from 3Q 2023). Net income: JP¥28.6b (down 46% from 3Q 2023). Profit margin: 8.7% (down from 9.4% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 94%. Revenue is expected to decline by 3.1% p.a. on average during the next 3 years, while revenues in the Renewable Energy industry in Japan are expected to grow by 6.7%. 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 15% per year, which means it is significantly lagging earnings growth.お知らせ • Dec 28Electric Power Development Co., Ltd. to Report Q3, 2024 Results on Jan 31, 2024Electric Power Development Co., Ltd. announced that they will report Q3, 2024 results on Jan 31, 2024Major Estimate Revision • Nov 18Consensus revenue estimates fall by 16%The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from JP¥1.53t to JP¥1.28t. EPS estimate fell from JP¥385 to JP¥352 per share. Net income forecast to shrink 22% next year vs 59% growth forecast for Renewable Energy industry in Japan . Consensus price target of JP¥2,305 unchanged from last update. Share price was steady at JP¥2,324 over the past week.New Risk • Nov 02New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 5.1% Last year net profit margin: 7.4% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (9.3% operating cash flow to total debt). Earnings are forecast to decline by an average of 6.9% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (150% cash payout ratio). Profit margins are more than 30% lower than last year (5.1% net profit margin).Reported Earnings • Nov 02Second quarter 2024 earnings: EPS and revenues miss analyst expectationsSecond quarter 2024 results: EPS: JP¥55.34 (down from JP¥248 in 2Q 2023). Revenue: JP¥350.2b (down 32% from 2Q 2023). Net income: JP¥10.1b (down 78% from 2Q 2023). Profit margin: 2.9% (down from 8.8% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates by 52%. Revenue is expected to decline by 4.2% p.a. on average during the next 3 years, while revenues in the Renewable Energy industry in Japan are expected to grow by 5.2%. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.お知らせ • Sep 28Electric Power Development Co., Ltd. to Report Q2, 2024 Results on Oct 31, 2023Electric Power Development Co., Ltd. announced that they will report Q2, 2024 results on Oct 31, 2023Upcoming Dividend • Sep 21Upcoming dividend of JP¥45.00 per share at 3.6% yieldEligible shareholders must have bought the stock before 28 September 2023. Payment date: 30 November 2023. Payout ratio is a comfortable 14% but the company is paying out more than the cash it is generating. Trailing yield: 3.6%. Within top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (3.0%).Reported Earnings • Aug 01First quarter 2024 earnings: EPS and revenues miss analyst expectationsFirst quarter 2024 results: EPS: JP¥96.31 (up from JP¥71.22 in 1Q 2023). Revenue: JP¥281.4b (down 13% from 1Q 2023). Net income: JP¥17.6b (up 35% from 1Q 2023). Profit margin: 6.3% (up from 4.0% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 13%. Earnings per share (EPS) also missed analyst estimates by 18%. Revenue is expected to decline by 4.1% p.a. on average during the next 3 years, while revenues in the Renewable Energy industry in Japan are expected to grow by 4.7%. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.お知らせ • May 13Electric Power Development Co., Ltd., Annual General Meeting, Jun 28, 2023Electric Power Development Co., Ltd., Annual General Meeting, Jun 28, 2023.Reported Earnings • May 12Full year 2023 earnings: Revenues and EPS in line with analyst expectationsFull year 2023 results: EPS: JP¥621 (up from JP¥381 in FY 2022). Revenue: JP¥1.84t (up 70% from FY 2022). Net income: JP¥113.7b (up 63% from FY 2022). Profit margin: 6.2% (down from 6.4% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is expected to decline by 5.6% p.a. on average during the next 3 years, while revenues in the Renewable Energy industry in Japan are expected to grow by 6.8%. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Mar 23Upcoming dividend of JP¥40.00 per share at 3.8% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 29 June 2023. Payout ratio is a comfortable 10% but the company is not cash flow positive. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.8%).Reported Earnings • Feb 01Third quarter 2023 earnings: EPS and revenues exceed analyst expectationsThird quarter 2023 results: EPS: JP¥288 (up from JP¥121 in 3Q 2022). Revenue: JP¥561.8b (up 102% from 3Q 2022). Net income: JP¥52.7b (up 137% from 3Q 2022). Profit margin: 9.4% (up from 8.0% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 45%. Earnings per share (EPS) also surpassed analyst estimates by 155%. Revenue is expected to decline by 1.9% p.a. on average during the next 3 years, while revenues in the Renewable Energy industry in Japan are expected to grow by 11%. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.お知らせ • Jan 09Electric Power Development Co., Ltd. to Report Q3, 2023 Results on Jan 31, 2023Electric Power Development Co., Ltd. announced that they will report Q3, 2023 results on Jan 31, 2023Major Estimate Revision • Dec 22Consensus EPS estimates increase by 10%The consensus outlook for earnings per share (EPS) in 2023 has improved. 2023 revenue forecast increased from JP¥1.78t to JP¥1.83t. EPS estimate increased from JP¥500 to JP¥550 per share. Net income forecast to shrink 23% next year vs 72% growth forecast for Renewable Energy industry in Japan . Consensus price target of JP¥2,362 unchanged from last update. Share price was steady at JP¥2,098 over the past week.Major Estimate Revision • Nov 26Consensus forecasts updatedThe consensus outlook for 2023 has been updated. 2023 EPS estimate increased from JP¥409 to JP¥469. Revenue forecast steady at JP¥1.77t. Net income forecast to shrink 30% next year vs 72% growth forecast for Renewable Energy industry in Japan . Consensus price target broadly unchanged at JP¥2,418. Share price rose 4.8% to JP¥2,134 over the past week.Reported Earnings • Nov 02Second quarter 2023 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2023 results: EPS: JP¥248 (up from JP¥22.75 in 2Q 2022). Revenue: JP¥516.5b (up 115% from 2Q 2022). Net income: JP¥45.4b (up JP¥41.2b from 2Q 2022). Profit margin: 8.8% (up from 1.7% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 23%. Earnings per share (EPS) also surpassed analyst estimates by 139%. Revenue is forecast to stay flat during the next 3 years compared to a 13% growth forecast for the Renewable Energy industry in Japan. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.Major Estimate Revision • Nov 01Consensus revenue estimates increase by 19%The consensus outlook for revenues in 2023 has improved. 2023 revenue forecast increased from JP¥1.48t to JP¥1.77t. EPS estimate increased from JP¥374 to JP¥409 per share. Net income forecast to grow 5.8% next year vs 40% growth forecast for Renewable Energy industry in Japan. Consensus price target broadly unchanged at JP¥2,386. Share price was steady at JP¥2,068 over the past week.Upcoming Dividend • Sep 22Upcoming dividend of JP¥40.00 per shareEligible shareholders must have bought the stock before 29 September 2022. Payment date: 30 November 2022. Payout ratio is a comfortable 20% but the company is not cash flow positive. Trailing yield: 3.7%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.4%).Reported Earnings • Jul 31First quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2023 results: EPS: JP¥71.22 (down from JP¥76.59 in 1Q 2022). Revenue: JP¥323.3b (up 69% from 1Q 2022). Net income: JP¥13.0b (down 7.0% from 1Q 2022). Profit margin: 4.0% (down from 7.3% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 19%. Earnings per share (EPS) missed analyst estimates by 22%. Over the next year, revenue is forecast to grow 18%, compared to a 18% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has fallen by 2% per year.Major Estimate Revision • Jun 08Consensus forecasts updatedThe consensus outlook for 2023 has been updated. 2023 revenue forecast fell from JP¥1.52t to JP¥1.46t. EPS estimate rose from JP¥307 to JP¥347. Net income forecast to shrink 9.0% next year vs 32% growth forecast for Renewable Energy industry in Japan . Consensus price target up from JP¥1,888 to JP¥2,248. Share price rose 9.7% to JP¥2,230 over the past week.Price Target Changed • Jun 07Price target increased to JP¥2,165Up from JP¥1,888, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of JP¥2,205. Stock is up 37% over the past year. The company is forecast to post earnings per share of JP¥330 for next year compared to JP¥381 last year.Valuation Update With 7 Day Price Move • May 18Investor sentiment improved over the past weekAfter last week's 17% share price gain to JP¥2,146, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 15x in the Renewable Energy industry in Japan. Total returns to shareholders of 3.9% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,078 per share.Reported Earnings • May 13Full year 2022 earnings: EPS and revenues exceed analyst expectationsFull year 2022 results: EPS: JP¥381 (up from JP¥122 in FY 2021). Revenue: JP¥1.08t (up 19% from FY 2021). Net income: JP¥69.7b (up 212% from FY 2021). Profit margin: 6.4% (up from 2.5% in FY 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.0%. Earnings per share (EPS) also surpassed analyst estimates by 52%. Over the next year, revenue is forecast to grow 22%, compared to a 22% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Mar 23Upcoming dividend of JP¥40.00 per shareEligible shareholders must have bought the stock before 30 March 2022. Payment date: 28 June 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 4.1%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (2.6%).Major Estimate Revision • Mar 03Consensus EPS estimates increase by 17%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from JP¥994.0b to JP¥1.04t. EPS estimate increased from JP¥218 to JP¥255 per share. Net income forecast to grow 683% next year vs 23% growth forecast for Renewable Energy industry in Japan. Consensus price target up from JP¥1,804 to JP¥1,866. Share price rose 2.7% to JP¥1,845 over the past week.Major Estimate Revision • Feb 22Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate increased from JP¥189 to JP¥218. Revenue forecast steady at JP¥988.0b. Net income forecast to grow 602% next year vs 41% growth forecast for Renewable Energy industry in Japan. Consensus price target broadly unchanged at JP¥1,804. Share price was steady at JP¥1,852 over the past week.Major Estimate Revision • Feb 08Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate increased from JP¥138 to JP¥189. Revenue forecast steady at JP¥980.2b. Net income forecast to grow 582% next year vs 21% growth forecast for Renewable Energy industry in Japan. Consensus price target up from JP¥1,700 to JP¥1,830. Share price rose 8.3% to JP¥1,883 over the past week.Price Target Changed • Feb 05Price target increased to JP¥1,830Up from JP¥1,700, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of JP¥1,881. Stock is up 9.9% over the past year. The company is forecast to post earnings per share of JP¥189 for next year compared to JP¥122 last year.Reported Earnings • Feb 02Third quarter 2022 earnings: EPS and revenues exceed analyst expectationsThird quarter 2022 results: EPS: JP¥121 (down from JP¥122 in 3Q 2021). Revenue: JP¥277.7b (up 41% from 3Q 2021). Net income: JP¥22.2b (flat on 3Q 2021). Profit margin: 8.0% (down from 11% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 16%. Earnings per share (EPS) also surpassed analyst estimates by 203%. Over the next year, revenue is forecast to grow 2.4%, compared to a 20% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.Price Target Changed • Nov 13Price target decreased to JP¥1,710Down from JP¥1,844, the current price target is an average from 6 analysts. New target price is 19% above last closing price of JP¥1,438. Stock is down 4.0% over the past year. The company is forecast to post earnings per share of JP¥158 for next year compared to JP¥122 last year.Reported Earnings • Oct 31Second quarter 2022 earnings released: EPS JP¥22.75 (vs JP¥120 in 2Q 2021)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2022 results: Revenue: JP¥240.1b (up 8.8% from 2Q 2021). Net income: JP¥4.16b (down 81% from 2Q 2021). Profit margin: 1.7% (down from 10.0% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Sep 22Upcoming dividend of JP¥35.00 per shareEligible shareholders must have bought the stock before 29 September 2021. Payment date: 27 November 2021. Trailing yield: 4.5%. Within top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (2.3%).Reported Earnings • Aug 03First quarter 2022 earnings released: EPS JP¥76.59 (vs JP¥64.25 in 1Q 2021)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥191.7b (up 2.0% from 1Q 2021). Net income: JP¥14.0b (up 19% from 1Q 2021). Profit margin: 7.3% (up from 6.3% in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 22% per year whereas the company’s share price has fallen by 18% per year.Major Estimate Revision • May 27Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate fell from JP¥269 to JP¥234 per share. Revenue forecast steady at JP¥862.9b. Net income forecast to grow 103% next year vs 9.2% growth forecast for Renewable Energy industry in Japan. Consensus price target down from JP¥2,252 to JP¥2,054. Share price fell 5.0% to JP¥1,551 over the past week.Price Target Changed • May 27Price target decreased to JP¥1,949Down from JP¥2,136, the current price target is an average from 7 analysts. New target price is 26% above last closing price of JP¥1,551. Stock is down 23% over the past year.Reported Earnings • May 02Full year 2021 earnings released: EPS JP¥122 (vs JP¥231 in FY 2020)The company reported a poor full year result with weaker earnings and profit margins, although revenues were flat. Full year 2021 results: Revenue: JP¥909.1b (flat on FY 2020). Net income: JP¥22.3b (down 47% from FY 2020). Profit margin: 2.5% (down from 4.6% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 21% per year whereas the company’s share price has fallen by 16% per year.Upcoming Dividend • Mar 23Upcoming dividend of JP¥40.00 per shareEligible shareholders must have bought the stock before 30 March 2021. Payment date: 26 June 2021. Trailing yield: 3.7%. Within top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (2.6%).Major Estimate Revision • Mar 04Analysts update estimatesThe 2021 consensus earning per share (EPS) estimate was lowered from JP¥286 to JP¥246. No change was made to the revenue estimate which at the last update was JP¥859.2b. Net income is expected to shrink by 14% next year compared to 1.7% decline forecast for the Renewable Energy industry in Japan. The consensus price target of JP¥2,201 was unchanged from the last update. Share price stayed mostly flat at JP¥1,749 over the past week.Is New 90 Day High Low • Mar 01New 90-day high: JP¥1,785The company is up 28% from its price of JP¥1,398 on 01 December 2020. The Japanese market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥792 per share.Major Estimate Revision • Feb 09Analysts increase EPS estimates to JP¥286The 2021 consensus revenue estimate increased from JP¥840.8b to JP¥882.6b. The earnings per share estimate also received an upgrade from JP¥253 to JP¥286 for the same period. Net income is expected to shrink by 11% next year compared to 2.2% growth forecast for the Renewable Energy industry in Japan . The consensus price target increased from JP¥2,179 to JP¥2,201. Share price is up 4.2% to JP¥1,735 over the past week.Reported Earnings • Feb 02Third quarter 2021 earnings released: EPS JP¥122 (vs JP¥57.59 in 3Q 2020)The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: JP¥197.7b (down 7.6% from 3Q 2020). Net income: JP¥22.3b (up 112% from 3Q 2020). Profit margin: 11% (up from 4.9% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 16% per year.Analyst Estimate Surprise Post Earnings • Feb 02Earnings beat expectations, revenue disappointsRevenue missed analyst estimates by 7.3%. Earnings per share (EPS) exceeded analyst estimates by 41%. Over the next year, revenue is forecast to grow 3.3%, compared to a 8.8% growth forecast for the Renewable Energy industry in Japan.Valuation Update With 7 Day Price Move • Jan 08Investor sentiment improved over the past weekAfter last week's 19% share price gain to JP¥1,695, the stock is trading at a trailing P/E ratio of 6.5x, up from the previous P/E ratio of 5.4x. This compares to an average P/E of 36x in the Renewable Energy industry in Japan. Total return to shareholders over the past three years is a loss of 41%.Is New 90 Day High Low • Dec 22New 90-day low: JP¥1,356The company is down 19% from its price of JP¥1,670 on 23 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Renewable Energy industry, which is up 37% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥724 per share.Is New 90 Day High Low • Dec 01New 90-day low: JP¥1,398The company is down 13% from its price of JP¥1,608 on 02 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Renewable Energy industry, which is up 27% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥1,419 per share.業績と収益の成長予測TSE:9513 - 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3/31/20291,208,36768,500-19,700N/A33/31/20281,222,43368,6338,025N/A63/31/20271,222,53367,6335,675N/A63/31/20261,215,15095,40026,000N/A612/31/20251,222,27396,804N/AN/AN/A9/30/20251,247,363107,20068,204215,259N/A6/30/20251,307,914119,088N/AN/AN/A3/31/20251,316,67492,469126,415250,335N/A12/31/20241,256,113101,029N/AN/AN/A9/30/20241,267,13098,378130,918244,215N/A6/30/20241,235,67085,632N/AN/AN/A3/31/20241,257,99877,774138,181254,021N/A12/31/20231,401,20958,988N/AN/AN/A9/30/20231,633,71783,020167,120271,537N/A6/30/20231,799,984118,264N/AN/AN/A3/31/20231,841,922113,68910,970155,832N/A12/31/20221,776,662140,351N/AN/AN/A9/30/20221,492,608109,903-40,826116,616N/A6/30/20221,216,19768,703N/AN/AN/A3/31/20221,084,62169,687-6,902128,380N/A12/31/20211,012,4056,626N/AN/AN/A9/30/2021932,4006,709-62,68581,448N/A6/30/2021912,96924,563N/AN/AN/A3/31/2021909,14422,3048,663167,959N/A12/31/2020844,02459,605N/AN/AN/A9/30/2020860,39647,85532,377181,850N/A6/30/2020885,81734,783N/AN/AN/A3/31/2020913,77542,2779,725159,245N/A12/31/2019913,38433,276N/AN/AN/A9/30/2019935,01343,339N/A155,155N/A6/30/2019915,65140,324N/AN/AN/A3/31/2019897,36646,252N/A148,423N/A12/31/2018881,54754,508N/AN/AN/A9/30/2018870,33153,615N/A138,112N/A6/30/2018864,12174,394N/AN/AN/A3/31/2018856,25268,448N/A160,310N/A12/31/2017848,09762,520N/AN/AN/A9/30/2017807,98760,183N/A159,407N/A6/30/2017766,52533,774N/AN/AN/A3/31/2017744,40241,429N/A115,440N/A12/31/2016732,18744,695N/AN/AN/A9/30/2016726,69430,120N/A121,816N/A6/30/2016758,17146,209N/AN/AN/A3/31/2016780,07239,719N/A146,164N/A12/31/2015785,53843,733N/AN/AN/A9/30/2015801,96756,006N/A148,610N/A6/30/2015780,38851,196N/AN/AN/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: 9513の収益は今後 3 年間で減少すると予測されています (年間-10.1% )。収益対市場: 9513の収益は今後 3 年間で減少すると予測されています (年間-10.1% )。高成長収益: 9513の収益は今後 3 年間で減少すると予測されています。収益対市場: 9513の収益は今後 3 年間で減少すると予想されています (年間-0.7% )。高い収益成長: 9513の収益は今後 3 年間で減少すると予測されています (年間-0.7% )。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: 9513の 自己資本利益率 は、3年後には低くなると予測されています ( 4.6 %)。成長企業の発掘7D1Y7D1Y7D1YUtilities 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2026/05/12 18:04終値2026/05/12 00:00収益2025/12/31年間収益2025/03/31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Electric Power Development Co., Ltd. 6 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。17 アナリスト機関Takahiro MoriBofA Global ResearchTakashi MiyazakiCitigroup IncPenn BowersCLSA14 その他のアナリストを表示
Price Target Changed • Dec 30Price target increased by 7.4% to JP¥3,077Up from JP¥2,864, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of JP¥3,163. Stock is up 23% over the past year. The company is forecast to post earnings per share of JP¥538 for next year compared to JP¥506 last year.
Major Estimate Revision • Feb 22Consensus EPS estimates increase by 16%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from JP¥1.24t to JP¥1.26t. EPS estimate increased from JP¥365 to JP¥421 per share. Net income forecast to shrink 29% next year vs 22% growth forecast for Renewable Energy industry in Japan . Consensus price target up from JP¥2,564 to JP¥2,628. Share price was steady at JP¥2,477 over the past week.
Major Estimate Revision • Nov 16Consensus EPS estimates increase by 11%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from JP¥286 to JP¥318. Revenue forecast unchanged at JP¥1.19t. Net income forecast to shrink 37% next year vs 24% growth forecast for Renewable Energy industry in Japan . Consensus price target of JP¥2,544 unchanged from last update. Share price was steady at JP¥2,640 over the past week.
Major Estimate Revision • Nov 18Consensus revenue estimates fall by 16%The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from JP¥1.53t to JP¥1.28t. EPS estimate fell from JP¥385 to JP¥352 per share. Net income forecast to shrink 22% next year vs 59% growth forecast for Renewable Energy industry in Japan . Consensus price target of JP¥2,305 unchanged from last update. Share price was steady at JP¥2,324 over the past week.
Major Estimate Revision • Dec 22Consensus EPS estimates increase by 10%The consensus outlook for earnings per share (EPS) in 2023 has improved. 2023 revenue forecast increased from JP¥1.78t to JP¥1.83t. EPS estimate increased from JP¥500 to JP¥550 per share. Net income forecast to shrink 23% next year vs 72% growth forecast for Renewable Energy industry in Japan . Consensus price target of JP¥2,362 unchanged from last update. Share price was steady at JP¥2,098 over the past week.
Major Estimate Revision • Nov 26Consensus forecasts updatedThe consensus outlook for 2023 has been updated. 2023 EPS estimate increased from JP¥409 to JP¥469. Revenue forecast steady at JP¥1.77t. Net income forecast to shrink 30% next year vs 72% growth forecast for Renewable Energy industry in Japan . Consensus price target broadly unchanged at JP¥2,418. Share price rose 4.8% to JP¥2,134 over the past week.
お知らせ • Apr 02Electric Power Development Co., Ltd. (TSE:9513) completed the acquisition of Business and other operations related to domestic onshore wind power generation facilities from Mitsubishi Heavy Industries, Ltd. (TSE:7011).Electric Power Development Co., Ltd. (TSE:9513) signed a basic agreement to acquire Business and other operations related to domestic onshore wind power generation facilities from Mitsubishi Heavy Industries, Ltd. (TSE:7011) on November 7, 2025. Electric Power Development Co., Ltd. signed an agreement to acquire Business and other operations related to domestic onshore wind power generation facilities from Mitsubishi Heavy Industries, Ltd. on February 10, 2026. The expected completion of the transaction is April 1, 2026. Electric Power Development Co., Ltd. (TSE:9513) completed the acquisition of Business and other operations related to domestic onshore wind power generation facilities from Mitsubishi Heavy Industries, Ltd. (TSE:7011) on April 1, 2026.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥50.00 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: 2.6%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (2.6%).
Reported Earnings • Jan 31Third quarter 2026 earnings: EPS in line with expectations, revenues disappointThird quarter 2026 results: EPS: JP¥118 (down from JP¥171 in 3Q 2025). Revenue: JP¥293.1b (down 7.9% from 3Q 2025). Net income: JP¥21.0b (down 33% from 3Q 2025). Profit margin: 7.2% (down from 9.8% in 3Q 2025). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 2.5%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to stay flat during the next 3 years compared to a 8.6% growth forecast for the Renewable Energy industry in Asia. 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 16% per year, which means it is well ahead of earnings.
お知らせ • Jan 30+ 1 more updateElectric Power Development Co., Ltd. Announces Leadership ChangesElectric Power Development Co., Ltd. announced Hitoshi Kanno, President and CEO, has submitted his resignation from his positions as the Representative Director President for health reasons and will take new position as Special Counselor, and his resignation has been approved by the Board of Directors. Accordingly, he will step down effective as of March 31, 2026, and Hideaki Kato will be appointed as his successor as President. Hideaki Kato- After Change (as of April 1, 2026); Representative Director, President and Chief Executive Officer. Before Change; Director, Executive Managing Officer. Date of Birth September 28, 1966, Brief Career History; March 1989 Graduated from the School of Economics, Kobe University. April 1989- Joined Electric Power Development Co., Ltd. June 2017- Department Director of Corporate Planning & Administration Dept. April 2021- Executive Officer and Department Director of Corporate Planning & Administration Dept. April 2022- Executive Managing Officer and Department Director of Corporate Planning & Administration Dept. April 2023-Executive Managing Officer, June 2024- Director, Executive Managing Officer (current).
お知らせ • Jan 07Electric Power Development Co., Ltd. to Report Q3, 2026 Results on Jan 30, 2026Electric Power Development Co., Ltd. announced that they will report Q3, 2026 results on Jan 30, 2026
Price Target Changed • Dec 30Price target increased by 7.4% to JP¥3,077Up from JP¥2,864, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of JP¥3,163. Stock is up 23% over the past year. The company is forecast to post earnings per share of JP¥538 for next year compared to JP¥506 last year.
Declared Dividend • Nov 29First half dividend of JP¥50.00 announcedDividend of JP¥50.00 is the same as last year. Ex-date: 30th March 2026 Payment date: 29th June 2026 Dividend yield will be 3.2%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (17% earnings payout ratio) and cash flows (26% cash payout ratio). The dividend has increased by an average of 3.6% 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 decline by 32% over the next 3 years. However, it would need to fall by 81% to increase the payout ratio to a potentially unsustainable range.
分析記事 • Nov 25Electric Power Development (TSE:9513) Has More To Do To Multiply In Value Going ForwardFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Reported Earnings • Nov 01Second quarter 2026 earnings: EPS and revenues miss analyst expectationsSecond quarter 2026 results: EPS: JP¥60.42 (down from JP¥125 in 2Q 2025). Revenue: JP¥321.1b (down 16% from 2Q 2025). Net income: JP¥11.0b (down 52% from 2Q 2025). Profit margin: 3.4% (down from 6.0% in 2Q 2025). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 8.8%. Earnings per share (EPS) also missed analyst estimates by 12%. Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Renewable Energy industry in Japan. 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 11% per year, which means it is well ahead of earnings.
お知らせ • Oct 02Electric Power Development Co., Ltd. to Report Q2, 2026 Results on Oct 31, 2025Electric Power Development Co., Ltd. announced that they will report Q2, 2026 results on Oct 31, 2025
Upcoming Dividend • Sep 22Upcoming dividend of JP¥50.00 per shareEligible shareholders must have bought the stock before 29 September 2025. Payment date: 01 December 2025. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 3.6%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (3.1%).
分析記事 • Aug 26Electric Power Development Co., Ltd. (TSE:9513) Looks Inexpensive But Perhaps Not Attractive EnoughWith a price-to-earnings (or "P/E") ratio of 4.3x Electric Power Development Co., Ltd. ( TSE:9513 ) may be sending very...
Reported Earnings • Aug 02First quarter 2026 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2026 results: EPS: JP¥285 (up from JP¥139 in 1Q 2025). Revenue: JP¥250.3b (down 3.4% from 1Q 2025). Net income: JP¥52.1b (up 105% from 1Q 2025). Profit margin: 21% (up from 9.8% in 1Q 2025). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 31%. Earnings per share (EPS) exceeded analyst estimates by 181%. Revenue is forecast to decline by 1.8% p.a. on average during the next 3 years, while revenues in the Renewable Energy industry in Japan are expected to remain flat. 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 11% per year, which means it is well ahead of earnings.
Declared Dividend • Jul 09Final dividend of JP¥50.00 announcedShareholders will receive a dividend of JP¥50.00. Ex-date: 29th September 2025 Payment date: 1st December 2025 Dividend yield will be 3.9%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by both earnings (19% earnings payout ratio) and cash flows (14% cash payout ratio). The dividend has increased by an average of 3.6% 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 decline by 27% over the next 3 years. However, it would need to fall by 79% to increase the payout ratio to a potentially unsustainable range.
お知らせ • Jul 06Electric Power Development Co., Ltd. to Report Q1, 2026 Results on Jul 31, 2025Electric Power Development Co., Ltd. announced that they will report Q1, 2026 results on Jul 31, 2025
Reported Earnings • Jul 01Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: JP¥506 (up from JP¥425 in FY 2024). Revenue: JP¥1.32t (up 4.7% from FY 2024). Net income: JP¥92.5b (up 19% from FY 2024). Profit margin: 7.0% (up from 6.2% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.7%. Revenue is expected to decline by 1.9% p.a. on average during the next 3 years, while revenues in the Renewable Energy industry in Asia are expected to grow by 7.9%. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 3% per year.
分析記事 • Jun 21Returns On Capital Are Showing Encouraging Signs At Electric Power Development (TSE:9513)If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
分析記事 • May 16Investors Shouldn't Be Too Comfortable With Electric Power Development's (TSE:9513) EarningsDespite posting some strong earnings, the market for Electric Power Development Co., Ltd.'s ( TSE:9513 ) stock hasn't...
Reported Earnings • May 10Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: JP¥506 (up from JP¥425 in FY 2024). Revenue: JP¥1.32t (up 4.7% from FY 2024). Net income: JP¥92.5b (up 19% from FY 2024). Profit margin: 7.0% (up from 6.2% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.7%. Revenue is expected to decline by 2.3% p.a. on average during the next 3 years, while revenues in the Renewable Energy industry in Asia are expected to grow by 8.0%. 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 6% per year, which means it is well ahead of earnings.
お知らせ • May 10Electric Power Development Co., Ltd. (TSE:9513) announces an Equity Buyback for 9,000,000 shares, representing 4.92% for ¥20,000 million.Electric Power Development Co., Ltd. (TSE:9513) announces a share repurchase program. Under the program, the company will repurchase 9,000,000 shares, representing 4.92% of the outstanding shares for ¥20,000 million. The purpose of the program is to return of profits to shareholders and to improve capital efficiency. The repurchased shares will be cancelled. The program will run until March 31, 2026. As of March 31, 2025, the company had 182,876,556 shares outstanding and 174,544 shares in treasury.
お知らせ • May 09Electric Power Development Co., Ltd., Annual General Meeting, Jun 26, 2025Electric Power Development Co., Ltd., Annual General Meeting, Jun 26, 2025.
分析記事 • Apr 28Electric Power Development Co., Ltd. (TSE:9513) Shares Could Be 26% Above Their Intrinsic Value EstimateKey Insights The projected fair value for Electric Power Development is JP¥1,991 based on Dividend Discount Model...
Buy Or Sell Opportunity • Apr 08Now 24% overvaluedOver the last 90 days, the stock has fallen 2.1% to JP¥2,436. The fair value is estimated to be JP¥1,965, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 12%. For the next 3 years, revenue is forecast to decline by 2.2% per annum. Earnings are also forecast to decline by 9.9% per annum over the same time period.
お知らせ • Mar 29Electric Power Development Co., Ltd. to Report Fiscal Year 2025 Results on May 09, 2025Electric Power Development Co., Ltd. announced that they will report fiscal year 2025 results on May 09, 2025
Upcoming Dividend • Mar 21Upcoming dividend of JP¥50.00 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 27 June 2025. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 3.7%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.3%).
分析記事 • Mar 18We Like These Underlying Return On Capital Trends At Electric Power Development (TSE:9513)There are a few key trends to look for if we want to identify the next multi-bagger. One common approach is to try and...
Major Estimate Revision • Feb 22Consensus EPS estimates increase by 16%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from JP¥1.24t to JP¥1.26t. EPS estimate increased from JP¥365 to JP¥421 per share. Net income forecast to shrink 29% next year vs 22% growth forecast for Renewable Energy industry in Japan . Consensus price target up from JP¥2,564 to JP¥2,628. Share price was steady at JP¥2,477 over the past week.
Reported Earnings • Feb 01Third quarter 2025 earnings: EPS and revenues exceed analyst expectationsThird quarter 2025 results: EPS: JP¥171 (up from JP¥157 in 3Q 2024). Revenue: JP¥318.2b (down 3.3% from 3Q 2024). Net income: JP¥31.3b (up 9.3% from 3Q 2024). Profit margin: 9.8% (up from 8.7% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) also surpassed analyst estimates significantly. Revenue is expected to decline by 1.8% p.a. on average during the next 3 years, while revenues in the Renewable Energy industry in Asia are expected to grow by 10%. 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 9% per year.
分析記事 • Jan 14Is Electric Power Development (TSE:9513) Using Too Much Debt?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
お知らせ • Jan 03Electric Power Development Co., Ltd. to Report Q3, 2025 Results on Jan 31, 2025Electric Power Development Co., Ltd. announced that they will report Q3, 2025 results on Jan 31, 2025
分析記事 • Dec 10Electric Power Development (TSE:9513) Is Looking To Continue Growing Its Returns On CapitalIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
分析記事 • Nov 20Are Electric Power Development Co., Ltd. (TSE:9513) Investors Paying Above The Intrinsic Value?Key Insights Using the Dividend Discount Model, Electric Power Development fair value estimate is JP¥2,052 Electric...
Major Estimate Revision • Nov 16Consensus EPS estimates increase by 11%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from JP¥286 to JP¥318. Revenue forecast unchanged at JP¥1.19t. Net income forecast to shrink 37% next year vs 24% growth forecast for Renewable Energy industry in Japan . Consensus price target of JP¥2,544 unchanged from last update. Share price was steady at JP¥2,640 over the past week.
Reported Earnings • Nov 02Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2025 results: EPS: JP¥125 (up from JP¥55.34 in 2Q 2024). Revenue: JP¥381.7b (up 9.0% from 2Q 2024). Net income: JP¥22.9b (up 126% from 2Q 2024). Profit margin: 6.0% (up from 2.9% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 18%. Earnings per share (EPS) missed analyst estimates by 7.3%. Revenue is expected to decline by 1.5% p.a. on average during the next 3 years, while revenues in the Renewable Energy industry in Asia are expected to grow by 9.7%. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 23% per year.
Buy Or Sell Opportunity • Oct 31Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 5.6% to JP¥2,553. The fair value is estimated to be JP¥2,076, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 32%. For the next 3 years, revenue is forecast to decline by 1.1% per annum. Earnings are also forecast to decline by 3.2% per annum over the same time period.
お知らせ • Oct 06Electric Power Development Co., Ltd. to Report Q2, 2025 Results on Oct 31, 2024Electric Power Development Co., Ltd. announced that they will report Q2, 2025 results on Oct 31, 2024
分析記事 • Sep 25Electric Power Development Co., Ltd.'s (TSE:9513) Earnings Are Not Doing Enough For Some InvestorsWith a price-to-earnings (or "P/E") ratio of 5.2x Electric Power Development Co., Ltd. ( TSE:9513 ) may be sending very...
Upcoming Dividend • Sep 20Upcoming dividend of JP¥50.00 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 4.2%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.2%).
分析記事 • Sep 07Returns At Electric Power Development (TSE:9513) Appear To Be Weighed DownThere are a few key trends to look for if we want to identify the next multi-bagger. Firstly, we'd want to identify a...
分析記事 • Aug 20Electric Power Development (TSE:9513) Use Of Debt Could Be Considered RiskySome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
お知らせ • Aug 02Electric Power Development Co., Ltd. (TSE:9513) completed the acquisition of remaining 92.28% stake in Genex Power Limited (ASX:GNX) from Skip Capital Pty. Ltd. and others.Electric Power Development Co., Ltd. (TSE:9513) entered into a non-binding, indicative and conditional proposal to acquire 92.28% stake in Genex Power Limited (ASX:GNX) from Skip Capital Pty. Ltd. and others for approximately AUD 350 million on February 5, 2024. Potential Transaction will be funded by Electric Power Development Co., Ltd.’s existing cash reserves and debt facilities. Transaction is subject to Due diligence investigation, approval from Genex Power Limited's shareholders and Subject to court approval and the receipt of all necessary regulatory approvals, including approval from the Foreign Investment Review Board. As of March 30, 2024, J-POWER reconfirmed the Indicative Proposal to Genex and also confirmed it had completed its due diligence on Genex. On April 2, 2024, Genex announced to the ASX that Genex had agreed to extend the Exclusivity Period under the Confidentiality and Exclusivity Deed to Monday, 8 April 2024 to allow additional time for the parties to negotiate an Implementation Agreement for the Potential Scheme. The finalisation of the Implementation Agreement remains subject to the Genex IBC’s approval and J-POWER’s final internal approvals. Accordingly, following a request from J-POWER, Genex has agreed to a further extension of the Exclusivity Period under the Confidentiality and Exclusivity Deed to 5.00pm (AEST) on Monday, 15 April 20242 to allow additional time for the Implementation Agreement to be finalised and J-POWER to obtain the required internal approvals. As of April 12, 2024, board of directors of Genex Power Limited unanimously recommends that Genex Power Limited shareholders vote in favor of the Scheme at the Scheme Meeting. As of June 14, 2024, the Foreign Investment Review Board has approved the transaction. As of July 19, 2024, he transaction is approved by Supreme Court of New South Wales. The transaction is expected to complete in late July 2024. As per the transaction, Genex will be required to pay a break fee to J-POWER and J-POWER will be required to pay a reverse break fee to Genex. The amount of each of the break fee and the reverse break fee, should either become payable is AUD 3.5 million. Goldman Sachs Australia Pty Ltd acted as Financial advisor and Gilbert and Tobin acted as legal advisor to Genex Power Limited. Macquarie Capital Securities (Japan) Limited acted as financial advisor to J-Power. MinterEllison acted as legal advisor to Electric Power Development Co., Ltd. Electric Power Development Co., Ltd. (TSE:9513) completed the acquisition of remaining 92.28% stake in Genex Power Limited (ASX:GNX) from Skip Capital Pty. Ltd. and others on July 31, 2024.
Reported Earnings • Aug 02First quarter 2025 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2025 results: EPS: JP¥139 (up from JP¥96.31 in 1Q 2024). Revenue: JP¥259.1b (down 7.9% from 1Q 2024). Net income: JP¥25.5b (up 45% from 1Q 2024). Profit margin: 9.8% (up from 6.3% in 1Q 2024). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) also surpassed analyst estimates significantly. Revenue is forecast to stay flat during the next 3 years compared to a 10% growth forecast for the Renewable Energy 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 14% per year, which means it is significantly lagging earnings growth.
お知らせ • Jul 06Electric Power Development Co., Ltd. to Report Q1, 2025 Results on Jul 31, 2024Electric Power Development Co., Ltd. announced that they will report Q1, 2025 results on Jul 31, 2024
分析記事 • May 21We Think That There Are More Issues For Electric Power Development (TSE:9513) Than Just Sluggish EarningsThe market wasn't impressed with the soft earnings from Electric Power Development Co., Ltd. ( TSE:9513 ) recently. We...
Reported Earnings • May 11Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2024 results: EPS: JP¥425 (down from JP¥621 in FY 2023). Revenue: JP¥1.26t (down 32% from FY 2023). Net income: JP¥77.8b (down 32% from FY 2023). Profit margin: 6.2% (in line with FY 2023). Revenue missed analyst estimates by 7.2%. Earnings per share (EPS) exceeded analyst estimates by 17%. Revenue is forecast to stay flat during the next 3 years compared to a 2.3% growth forecast for the Renewable Energy industry in Japan. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.
お知らせ • May 11Electric Power Development Co., Ltd., Annual General Meeting, Jun 26, 2024Electric Power Development Co., Ltd., Annual General Meeting, Jun 26, 2024.
分析記事 • Apr 29Here's Why Electric Power Development (TSE:9513) Is Weighed Down By Its Debt LoadLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
お知らせ • Mar 31Electric Power Development Co., Ltd. to Report Fiscal Year 2024 Results on May 09, 2024Electric Power Development Co., Ltd. announced that they will report fiscal year 2024 results on May 09, 2024
分析記事 • Mar 29Why Investors Shouldn't Be Surprised By Electric Power Development Co., Ltd.'s (TSE:9513) Low P/EWith a price-to-earnings (or "P/E") ratio of 7.7x Electric Power Development Co., Ltd. ( TSE:9513 ) may be sending...
Upcoming Dividend • Mar 21Upcoming dividend of JP¥45.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (3.4%).
お知らせ • Mar 06Electric Power Development Co., Ltd. (TSE:9513) entered into a non-binding, indicative and conditional proposal to acquire 92.2% stake in Genex Power Limited (ASX:GNX) from Skip Capital Pty. Ltd. and others for approximately AUD 350 million.Electric Power Development Co., Ltd. (TSE:9513) entered into a non-binding, indicative and conditional proposal to acquire 92.2% stake in Genex Power Limited (ASX:GNX) from Skip Capital Pty. Ltd. and others for approximately AUD 350 million on February 5, 2024. Potential Transaction will be funded by Electric Power Development Co., Ltd.’s existing cash reserves and debt facilities. Transaction is subject to Due diligence investigation, approval from Genex Power Limited's shareholders and Subject to court approval and the receipt of all necessary regulatory approvals, including approval from the Foreign Investment Review Board. Goldman Sachs Australia Pty Ltd acted as Financial advisor and Gilbert and Tobin acted as legal advisor to Genex Power Limited.
Reported Earnings • Feb 02Third quarter 2024 earnings: EPS exceeds analyst expectationsThird quarter 2024 results: EPS: JP¥157 (down from JP¥288 in 3Q 2023). Revenue: JP¥329.2b (down 41% from 3Q 2023). Net income: JP¥28.6b (down 46% from 3Q 2023). Profit margin: 8.7% (down from 9.4% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 94%. Revenue is expected to decline by 3.1% p.a. on average during the next 3 years, while revenues in the Renewable Energy industry in Japan are expected to grow by 6.7%. 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 15% per year, which means it is significantly lagging earnings growth.
お知らせ • Dec 28Electric Power Development Co., Ltd. to Report Q3, 2024 Results on Jan 31, 2024Electric Power Development Co., Ltd. announced that they will report Q3, 2024 results on Jan 31, 2024
Major Estimate Revision • Nov 18Consensus revenue estimates fall by 16%The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from JP¥1.53t to JP¥1.28t. EPS estimate fell from JP¥385 to JP¥352 per share. Net income forecast to shrink 22% next year vs 59% growth forecast for Renewable Energy industry in Japan . Consensus price target of JP¥2,305 unchanged from last update. Share price was steady at JP¥2,324 over the past week.
New Risk • Nov 02New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 5.1% Last year net profit margin: 7.4% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (9.3% operating cash flow to total debt). Earnings are forecast to decline by an average of 6.9% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (150% cash payout ratio). Profit margins are more than 30% lower than last year (5.1% net profit margin).
Reported Earnings • Nov 02Second quarter 2024 earnings: EPS and revenues miss analyst expectationsSecond quarter 2024 results: EPS: JP¥55.34 (down from JP¥248 in 2Q 2023). Revenue: JP¥350.2b (down 32% from 2Q 2023). Net income: JP¥10.1b (down 78% from 2Q 2023). Profit margin: 2.9% (down from 8.8% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates by 52%. Revenue is expected to decline by 4.2% p.a. on average during the next 3 years, while revenues in the Renewable Energy industry in Japan are expected to grow by 5.2%. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.
お知らせ • Sep 28Electric Power Development Co., Ltd. to Report Q2, 2024 Results on Oct 31, 2023Electric Power Development Co., Ltd. announced that they will report Q2, 2024 results on Oct 31, 2023
Upcoming Dividend • Sep 21Upcoming dividend of JP¥45.00 per share at 3.6% yieldEligible shareholders must have bought the stock before 28 September 2023. Payment date: 30 November 2023. Payout ratio is a comfortable 14% but the company is paying out more than the cash it is generating. Trailing yield: 3.6%. Within top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (3.0%).
Reported Earnings • Aug 01First quarter 2024 earnings: EPS and revenues miss analyst expectationsFirst quarter 2024 results: EPS: JP¥96.31 (up from JP¥71.22 in 1Q 2023). Revenue: JP¥281.4b (down 13% from 1Q 2023). Net income: JP¥17.6b (up 35% from 1Q 2023). Profit margin: 6.3% (up from 4.0% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 13%. Earnings per share (EPS) also missed analyst estimates by 18%. Revenue is expected to decline by 4.1% p.a. on average during the next 3 years, while revenues in the Renewable Energy industry in Japan are expected to grow by 4.7%. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.
お知らせ • May 13Electric Power Development Co., Ltd., Annual General Meeting, Jun 28, 2023Electric Power Development Co., Ltd., Annual General Meeting, Jun 28, 2023.
Reported Earnings • May 12Full year 2023 earnings: Revenues and EPS in line with analyst expectationsFull year 2023 results: EPS: JP¥621 (up from JP¥381 in FY 2022). Revenue: JP¥1.84t (up 70% from FY 2022). Net income: JP¥113.7b (up 63% from FY 2022). Profit margin: 6.2% (down from 6.4% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is expected to decline by 5.6% p.a. on average during the next 3 years, while revenues in the Renewable Energy industry in Japan are expected to grow by 6.8%. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥40.00 per share at 3.8% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 29 June 2023. Payout ratio is a comfortable 10% but the company is not cash flow positive. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.8%).
Reported Earnings • Feb 01Third quarter 2023 earnings: EPS and revenues exceed analyst expectationsThird quarter 2023 results: EPS: JP¥288 (up from JP¥121 in 3Q 2022). Revenue: JP¥561.8b (up 102% from 3Q 2022). Net income: JP¥52.7b (up 137% from 3Q 2022). Profit margin: 9.4% (up from 8.0% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 45%. Earnings per share (EPS) also surpassed analyst estimates by 155%. Revenue is expected to decline by 1.9% p.a. on average during the next 3 years, while revenues in the Renewable Energy industry in Japan are expected to grow by 11%. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
お知らせ • Jan 09Electric Power Development Co., Ltd. to Report Q3, 2023 Results on Jan 31, 2023Electric Power Development Co., Ltd. announced that they will report Q3, 2023 results on Jan 31, 2023
Major Estimate Revision • Dec 22Consensus EPS estimates increase by 10%The consensus outlook for earnings per share (EPS) in 2023 has improved. 2023 revenue forecast increased from JP¥1.78t to JP¥1.83t. EPS estimate increased from JP¥500 to JP¥550 per share. Net income forecast to shrink 23% next year vs 72% growth forecast for Renewable Energy industry in Japan . Consensus price target of JP¥2,362 unchanged from last update. Share price was steady at JP¥2,098 over the past week.
Major Estimate Revision • Nov 26Consensus forecasts updatedThe consensus outlook for 2023 has been updated. 2023 EPS estimate increased from JP¥409 to JP¥469. Revenue forecast steady at JP¥1.77t. Net income forecast to shrink 30% next year vs 72% growth forecast for Renewable Energy industry in Japan . Consensus price target broadly unchanged at JP¥2,418. Share price rose 4.8% to JP¥2,134 over the past week.
Reported Earnings • Nov 02Second quarter 2023 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2023 results: EPS: JP¥248 (up from JP¥22.75 in 2Q 2022). Revenue: JP¥516.5b (up 115% from 2Q 2022). Net income: JP¥45.4b (up JP¥41.2b from 2Q 2022). Profit margin: 8.8% (up from 1.7% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 23%. Earnings per share (EPS) also surpassed analyst estimates by 139%. Revenue is forecast to stay flat during the next 3 years compared to a 13% growth forecast for the Renewable Energy industry in Japan. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
Major Estimate Revision • Nov 01Consensus revenue estimates increase by 19%The consensus outlook for revenues in 2023 has improved. 2023 revenue forecast increased from JP¥1.48t to JP¥1.77t. EPS estimate increased from JP¥374 to JP¥409 per share. Net income forecast to grow 5.8% next year vs 40% growth forecast for Renewable Energy industry in Japan. Consensus price target broadly unchanged at JP¥2,386. Share price was steady at JP¥2,068 over the past week.
Upcoming Dividend • Sep 22Upcoming dividend of JP¥40.00 per shareEligible shareholders must have bought the stock before 29 September 2022. Payment date: 30 November 2022. Payout ratio is a comfortable 20% but the company is not cash flow positive. Trailing yield: 3.7%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.4%).
Reported Earnings • Jul 31First quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2023 results: EPS: JP¥71.22 (down from JP¥76.59 in 1Q 2022). Revenue: JP¥323.3b (up 69% from 1Q 2022). Net income: JP¥13.0b (down 7.0% from 1Q 2022). Profit margin: 4.0% (down from 7.3% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 19%. Earnings per share (EPS) missed analyst estimates by 22%. Over the next year, revenue is forecast to grow 18%, compared to a 18% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has fallen by 2% per year.
Major Estimate Revision • Jun 08Consensus forecasts updatedThe consensus outlook for 2023 has been updated. 2023 revenue forecast fell from JP¥1.52t to JP¥1.46t. EPS estimate rose from JP¥307 to JP¥347. Net income forecast to shrink 9.0% next year vs 32% growth forecast for Renewable Energy industry in Japan . Consensus price target up from JP¥1,888 to JP¥2,248. Share price rose 9.7% to JP¥2,230 over the past week.
Price Target Changed • Jun 07Price target increased to JP¥2,165Up from JP¥1,888, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of JP¥2,205. Stock is up 37% over the past year. The company is forecast to post earnings per share of JP¥330 for next year compared to JP¥381 last year.
Valuation Update With 7 Day Price Move • May 18Investor sentiment improved over the past weekAfter last week's 17% share price gain to JP¥2,146, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 15x in the Renewable Energy industry in Japan. Total returns to shareholders of 3.9% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,078 per share.
Reported Earnings • May 13Full year 2022 earnings: EPS and revenues exceed analyst expectationsFull year 2022 results: EPS: JP¥381 (up from JP¥122 in FY 2021). Revenue: JP¥1.08t (up 19% from FY 2021). Net income: JP¥69.7b (up 212% from FY 2021). Profit margin: 6.4% (up from 2.5% in FY 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.0%. Earnings per share (EPS) also surpassed analyst estimates by 52%. Over the next year, revenue is forecast to grow 22%, compared to a 22% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥40.00 per shareEligible shareholders must have bought the stock before 30 March 2022. Payment date: 28 June 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 4.1%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (2.6%).
Major Estimate Revision • Mar 03Consensus EPS estimates increase by 17%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from JP¥994.0b to JP¥1.04t. EPS estimate increased from JP¥218 to JP¥255 per share. Net income forecast to grow 683% next year vs 23% growth forecast for Renewable Energy industry in Japan. Consensus price target up from JP¥1,804 to JP¥1,866. Share price rose 2.7% to JP¥1,845 over the past week.
Major Estimate Revision • Feb 22Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate increased from JP¥189 to JP¥218. Revenue forecast steady at JP¥988.0b. Net income forecast to grow 602% next year vs 41% growth forecast for Renewable Energy industry in Japan. Consensus price target broadly unchanged at JP¥1,804. Share price was steady at JP¥1,852 over the past week.
Major Estimate Revision • Feb 08Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate increased from JP¥138 to JP¥189. Revenue forecast steady at JP¥980.2b. Net income forecast to grow 582% next year vs 21% growth forecast for Renewable Energy industry in Japan. Consensus price target up from JP¥1,700 to JP¥1,830. Share price rose 8.3% to JP¥1,883 over the past week.
Price Target Changed • Feb 05Price target increased to JP¥1,830Up from JP¥1,700, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of JP¥1,881. Stock is up 9.9% over the past year. The company is forecast to post earnings per share of JP¥189 for next year compared to JP¥122 last year.
Reported Earnings • Feb 02Third quarter 2022 earnings: EPS and revenues exceed analyst expectationsThird quarter 2022 results: EPS: JP¥121 (down from JP¥122 in 3Q 2021). Revenue: JP¥277.7b (up 41% from 3Q 2021). Net income: JP¥22.2b (flat on 3Q 2021). Profit margin: 8.0% (down from 11% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 16%. Earnings per share (EPS) also surpassed analyst estimates by 203%. Over the next year, revenue is forecast to grow 2.4%, compared to a 20% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.
Price Target Changed • Nov 13Price target decreased to JP¥1,710Down from JP¥1,844, the current price target is an average from 6 analysts. New target price is 19% above last closing price of JP¥1,438. Stock is down 4.0% over the past year. The company is forecast to post earnings per share of JP¥158 for next year compared to JP¥122 last year.
Reported Earnings • Oct 31Second quarter 2022 earnings released: EPS JP¥22.75 (vs JP¥120 in 2Q 2021)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2022 results: Revenue: JP¥240.1b (up 8.8% from 2Q 2021). Net income: JP¥4.16b (down 81% from 2Q 2021). Profit margin: 1.7% (down from 10.0% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Sep 22Upcoming dividend of JP¥35.00 per shareEligible shareholders must have bought the stock before 29 September 2021. Payment date: 27 November 2021. Trailing yield: 4.5%. Within top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (2.3%).
Reported Earnings • Aug 03First quarter 2022 earnings released: EPS JP¥76.59 (vs JP¥64.25 in 1Q 2021)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥191.7b (up 2.0% from 1Q 2021). Net income: JP¥14.0b (up 19% from 1Q 2021). Profit margin: 7.3% (up from 6.3% in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 22% per year whereas the company’s share price has fallen by 18% per year.
Major Estimate Revision • May 27Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate fell from JP¥269 to JP¥234 per share. Revenue forecast steady at JP¥862.9b. Net income forecast to grow 103% next year vs 9.2% growth forecast for Renewable Energy industry in Japan. Consensus price target down from JP¥2,252 to JP¥2,054. Share price fell 5.0% to JP¥1,551 over the past week.
Price Target Changed • May 27Price target decreased to JP¥1,949Down from JP¥2,136, the current price target is an average from 7 analysts. New target price is 26% above last closing price of JP¥1,551. Stock is down 23% over the past year.
Reported Earnings • May 02Full year 2021 earnings released: EPS JP¥122 (vs JP¥231 in FY 2020)The company reported a poor full year result with weaker earnings and profit margins, although revenues were flat. Full year 2021 results: Revenue: JP¥909.1b (flat on FY 2020). Net income: JP¥22.3b (down 47% from FY 2020). Profit margin: 2.5% (down from 4.6% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 21% per year whereas the company’s share price has fallen by 16% per year.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥40.00 per shareEligible shareholders must have bought the stock before 30 March 2021. Payment date: 26 June 2021. Trailing yield: 3.7%. Within top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (2.6%).
Major Estimate Revision • Mar 04Analysts update estimatesThe 2021 consensus earning per share (EPS) estimate was lowered from JP¥286 to JP¥246. No change was made to the revenue estimate which at the last update was JP¥859.2b. Net income is expected to shrink by 14% next year compared to 1.7% decline forecast for the Renewable Energy industry in Japan. The consensus price target of JP¥2,201 was unchanged from the last update. Share price stayed mostly flat at JP¥1,749 over the past week.
Is New 90 Day High Low • Mar 01New 90-day high: JP¥1,785The company is up 28% from its price of JP¥1,398 on 01 December 2020. The Japanese market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥792 per share.
Major Estimate Revision • Feb 09Analysts increase EPS estimates to JP¥286The 2021 consensus revenue estimate increased from JP¥840.8b to JP¥882.6b. The earnings per share estimate also received an upgrade from JP¥253 to JP¥286 for the same period. Net income is expected to shrink by 11% next year compared to 2.2% growth forecast for the Renewable Energy industry in Japan . The consensus price target increased from JP¥2,179 to JP¥2,201. Share price is up 4.2% to JP¥1,735 over the past week.
Reported Earnings • Feb 02Third quarter 2021 earnings released: EPS JP¥122 (vs JP¥57.59 in 3Q 2020)The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: JP¥197.7b (down 7.6% from 3Q 2020). Net income: JP¥22.3b (up 112% from 3Q 2020). Profit margin: 11% (up from 4.9% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 16% per year.
Analyst Estimate Surprise Post Earnings • Feb 02Earnings beat expectations, revenue disappointsRevenue missed analyst estimates by 7.3%. Earnings per share (EPS) exceeded analyst estimates by 41%. Over the next year, revenue is forecast to grow 3.3%, compared to a 8.8% growth forecast for the Renewable Energy industry in Japan.
Valuation Update With 7 Day Price Move • Jan 08Investor sentiment improved over the past weekAfter last week's 19% share price gain to JP¥1,695, the stock is trading at a trailing P/E ratio of 6.5x, up from the previous P/E ratio of 5.4x. This compares to an average P/E of 36x in the Renewable Energy industry in Japan. Total return to shareholders over the past three years is a loss of 41%.
Is New 90 Day High Low • Dec 22New 90-day low: JP¥1,356The company is down 19% from its price of JP¥1,670 on 23 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Renewable Energy industry, which is up 37% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥724 per share.
Is New 90 Day High Low • Dec 01New 90-day low: JP¥1,398The company is down 13% from its price of JP¥1,608 on 02 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Renewable Energy industry, which is up 27% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥1,419 per share.