View ValuationNikkiso 향후 성장Future 기준 점검 2/6Nikkiso은 연간 수입과 매출이 각각 9.9%와 8.3% 증가할 것으로 예상되고 EPS는 연간 10.2%만큼 증가할 것으로 예상됩니다.핵심 정보9.9%이익 성장률10.22%EPS 성장률Machinery 이익 성장24.6%매출 성장률8.3%향후 자기자본이익률n/a애널리스트 커버리지Low마지막 업데이트02 Jun 2026최근 향후 성장 업데이트공시 • Feb 14+ 1 more updateNikkiso Co., Ltd. Provides Consolidated Earnings Forecast for the First Half of 2026 and Fiscal Year Ending December 31, 2026Nikkiso Co., Ltd. provided consolidated earnings forecast for the first half of 2026 and fiscal year ending December 31, 2026. For the six months, the company expected revenue of ¥116,300 million, operating profit of ¥5,900 million, Profit attributable to owners of parent of ¥4,800 million and Basic earnings per share of ¥73.55. For the year, the company expected revenue of ¥233,500 million, operating profit of ¥16,500 million, Profit attributable to owners of parent of ¥13,000 million and Basic earnings per share of ¥199.19.모든 업데이트 보기Recent updatesValuation Update With 7 Day Price Move • May 22Investor sentiment improves as stock rises 20%After last week's 20% share price gain to €17.10, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 13x in the Machinery industry in Germany. Total returns to shareholders of 206% over the past three years.Reported Earnings • May 21First quarter 2026 earnings released: EPS: JP¥48.36 (vs JP¥34.17 in 1Q 2025)First quarter 2026 results: EPS: JP¥48.36 (up from JP¥34.17 in 1Q 2025). Revenue: JP¥55.4b (up 15% from 1Q 2025). Net income: JP¥3.16b (up 39% from 1Q 2025). Profit margin: 5.7% (up from 4.7% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth.Board Change • May 21Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Outside Director Junko Yamaguchi was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.공시 • Apr 26Nikkiso Co., Ltd. to Report Q2, 2026 Results on Aug 14, 2026Nikkiso Co., Ltd. announced that they will report Q2, 2026 results on Aug 14, 2026공시 • Apr 25+ 2 more updatesNikkiso Co., Ltd. to Report Q1, 2026 Results on May 15, 2026Nikkiso Co., Ltd. announced that they will report Q1, 2026 results on May 15, 2026공시 • Feb 14+ 1 more updateNikkiso Co., Ltd. Provides Consolidated Earnings Forecast for the First Half of 2026 and Fiscal Year Ending December 31, 2026Nikkiso Co., Ltd. provided consolidated earnings forecast for the first half of 2026 and fiscal year ending December 31, 2026. For the six months, the company expected revenue of ¥116,300 million, operating profit of ¥5,900 million, Profit attributable to owners of parent of ¥4,800 million and Basic earnings per share of ¥73.55. For the year, the company expected revenue of ¥233,500 million, operating profit of ¥16,500 million, Profit attributable to owners of parent of ¥13,000 million and Basic earnings per share of ¥199.19.공시 • Feb 13Nikkiso Co., Ltd., Annual General Meeting, Mar 27, 2026Nikkiso Co., Ltd., Annual General Meeting, Mar 27, 2026.공시 • May 29Nikkiso Co., Ltd. Announces an Appeal to the Tokyo High Court Against Tax Reassessment Under the Controlled Foreign Company Tax RegimeNikkiso Co., Ltd. received a notice of reassessment for the 2018 business income of Nikkiso International Co., Ltd., which is the parent company of three (3) foreign subsidiaries under the Clean Energy & Industrial Gas Group (the "CE&IE Group"), a consolidated subsidiary group of the Company. The reassessment was based on the grounds that these foreign subsidiaries did not satisfy the exemption requirements under the CFC tax regime. As the Company did not agree with the decision, it filed a lawsuit with the Tokyo District Court seeking revocation of the tax reassessment. However, the court dismissed the Company's claims in the ruling dated May 16, 2025. Accordingly, the Company hereby announces that, in response to the court's ruling, it has decided to file an appeal with the Tokyo High Court on May 29, 2025. Future Outlook: The Company finds it deeply regrettable that its claims were not accepted and is unable to accept the ruling. Accordingly, the Company will file an appeal with the Tokyo High Court to reassert its legitimacy. Associated with this matter, the Company recorded corporate income tax of approximately JPY 1.7 billion in the fiscal year ended December 31, 2021, and the tax payment has already been completed. Should any material developments requiring disclosure arise, the Company will disclose them in a timely manner.공시 • May 09+ 2 more updatesNikkiso Co., Ltd. to Report Fiscal Year 2025 Results on Feb 13, 2026Nikkiso Co., Ltd. announced that they will report fiscal year 2025 results on Feb 13, 2026공시 • Mar 06Nikkiso Co., Ltd. to Report Q1, 2025 Results on May 15, 2025Nikkiso Co., Ltd. announced that they will report Q1, 2025 results on May 15, 2025공시 • Feb 14Nikkiso Co., Ltd., Annual General Meeting, Mar 28, 2025Nikkiso Co., Ltd., Annual General Meeting, Mar 28, 2025.New Risk • Sep 13New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 8.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 8.1% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (5.4% net profit margin).Reported Earnings • Aug 19Second quarter 2024 earnings released: EPS: JP¥47.21 (vs JP¥56.05 in 2Q 2023)Second quarter 2024 results: EPS: JP¥47.21 (down from JP¥56.05 in 2Q 2023). Revenue: JP¥54.4b (up 17% from 2Q 2023). Net income: JP¥3.13b (down 16% from 2Q 2023). Profit margin: 5.7% (down from 8.0% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €5.90, the stock trades at a trailing P/E ratio of 5.1x. Average trailing P/E is 15x in the Machinery industry in Germany. Total loss to shareholders of 25% over the past three years.Upcoming Dividend • Jun 20Upcoming dividend of JP¥15.00 per shareEligible shareholders must have bought the stock before 27 June 2024. Payment date: 12 September 2024. Payout ratio is a comfortable 16% but the company is not cash flow positive. Trailing yield: 2.6%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (3.6%).Reported Earnings • May 19First quarter 2024 earnings released: EPS: JP¥42.70 (vs JP¥2.46 in 1Q 2023)First quarter 2024 results: EPS: JP¥42.70 (up from JP¥2.46 in 1Q 2023). Revenue: JP¥48.3b (up 18% from 1Q 2023). Net income: JP¥2.83b (up JP¥2.66b from 1Q 2023). Profit margin: 5.9% (up from 0.4% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.공시 • Apr 26+ 2 more updatesNikkiso Co., Ltd. to Report Fiscal Year 2024 Results on Feb 14, 2025Nikkiso Co., Ltd. announced that they will report fiscal year 2024 results on Feb 14, 2025공시 • Mar 09Nikkiso Co., Ltd. to Report Q1, 2024 Results on May 15, 2024Nikkiso Co., Ltd. announced that they will report Q1, 2024 results on May 15, 2024공시 • Feb 16Nikkiso Co., Ltd., Annual General Meeting, Mar 28, 2024Nikkiso Co., Ltd., Annual General Meeting, Mar 28, 2024.Reported Earnings • Feb 16Full year 2023 earnings released: EPS: JP¥137 (vs JP¥195 in FY 2022)Full year 2023 results: EPS: JP¥137 (down from JP¥195 in FY 2022). Revenue: JP¥192.6b (up 8.8% from FY 2022). Net income: JP¥9.07b (down 34% from FY 2022). Profit margin: 4.7% (down from 7.7% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.9% p.a. on average during the next 2 years, compared to a 3.0% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.New Risk • Jan 31New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 8.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 18% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (155% cash payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.8% net profit margin). Shareholders have been diluted in the past year (8.4% increase in shares outstanding).Upcoming Dividend • Dec 21Upcoming dividend of JP¥12.50 per share at 2.6% yieldEligible shareholders must have bought the stock before 28 December 2023. Payment date: 13 March 2024. Payout ratio is a comfortable 17% but the company is paying out more than the cash it is generating. Trailing yield: 2.6%. Lower than top quartile of German dividend payers (5.1%). In line with average of industry peers (2.7%).Reported Earnings • Nov 15Third quarter 2023 earnings released: EPS: JP¥36.19 (vs JP¥185 in 3Q 2022)Third quarter 2023 results: EPS: JP¥36.19 (down from JP¥185 in 3Q 2022). Revenue: JP¥46.3b (up 6.0% from 3Q 2022). Net income: JP¥2.40b (down 82% from 3Q 2022). Profit margin: 5.2% (down from 30% in 3Q 2022). Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.Reported Earnings • Aug 15Second quarter 2023 earnings released: EPS: JP¥56.06 (vs JP¥18.05 in 2Q 2022)Second quarter 2023 results: EPS: JP¥56.06 (up from JP¥18.05 in 2Q 2022). Revenue: JP¥46.4b (down 1.0% from 2Q 2022). Net income: JP¥3.71b (up 189% from 2Q 2022). Profit margin: 8.0% (up from 2.7% in 2Q 2022). Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.New Risk • Jul 25New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 35% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 35% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results.Upcoming Dividend • Jun 22Upcoming dividend of JP¥12.50 per share at 2.7% yieldEligible shareholders must have bought the stock before 29 June 2023. Payment date: 13 September 2023. Payout ratio is a comfortable 13% but the company is not cash flow positive. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (4.7%). In line with average of industry peers (2.8%).Reported Earnings • May 19First quarter 2023 earnings released: EPS: JP¥2.46 (vs JP¥8.76 in 1Q 2022)First quarter 2023 results: EPS: JP¥2.46 (down from JP¥8.76 in 1Q 2022). Revenue: JP¥40.9b (flat on 1Q 2022). Net income: JP¥163.0m (down 74% from 1Q 2022). Profit margin: 0.4% (down from 1.5% in 1Q 2022). Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.공시 • Feb 16Nikkiso Co., Ltd., Annual General Meeting, Mar 30, 2023Nikkiso Co., Ltd., Annual General Meeting, Mar 30, 2023.Reported Earnings • Feb 15Full year 2022 earnings released: EPS: JP¥195 (vs JP¥3.10 in FY 2021)Full year 2022 results: EPS: JP¥195 (up from JP¥3.10 in FY 2021). Revenue: JP¥177.1b (up 5.6% from FY 2021). Net income: JP¥13.6b (up JP¥13.4b from FY 2021). Profit margin: 7.7% (up from 0.1% in FY 2021). The increase in margin was primarily driven by higher revenue. Revenue is expected to decline by 4.4% p.a. on average during the next 2 years, while revenues in the Machinery industry in Germany are expected to grow by 4.3%. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.Upcoming Dividend • Dec 22Upcoming dividend of JP¥12.50 per shareEligible shareholders must have bought the stock before 29 December 2022. Payment date: 13 March 2023. Payout ratio is a comfortable 11% but the company is paying out more than the cash it is generating. Trailing yield: 2.6%. Lower than top quartile of German dividend payers (5.1%). In line with average of industry peers (2.8%).Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Outside Director Mitsuaki Nakakubo was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Aug 17Second quarter 2022 earnings released: EPS: JP¥18.06 (vs JP¥20.66 loss in 2Q 2021)Second quarter 2022 results: EPS: JP¥18.06 (up from JP¥20.66 loss in 2Q 2021). Revenue: JP¥46.8b (up 19% from 2Q 2021). Net income: JP¥1.29b (up JP¥2.76b from 2Q 2021). Profit margin: 2.7% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Over the next year, revenue is expected to shrink by 13% compared to a 9.0% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.공시 • Aug 16Nikkiso Co., Ltd. (TSE:6376) announces an Equity Buyback for 8,350,000 shares, representing 11.72% for ¥5,000 million.Nikkiso Co., Ltd. (TSE:6376) announces a share repurchase program. Under the program, the company will repurchase 8,350,000 shares, representing 11.24% of the outstanding shares, for ¥5,000 million. The purpose of the program is to return profits to shareholders based on comprehensive consideration of factors such as performance and the business environment. The program will run until December 31, 2022. As of June 30, 2022, the company had 71,272,693 shares outstanding (excluding treasury stock) and 3,013,771 shares in treasury.Upcoming Dividend • Jun 22Upcoming dividend of JP¥12.50 per shareEligible shareholders must have bought the stock before 29 June 2022. Payment date: 12 September 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 3.0%. Lower than top quartile of German dividend payers (4.4%). Higher than average of industry peers (2.7%).Reported Earnings • May 22First quarter 2022 earnings released: EPS: JP¥8.76 (vs JP¥31.24 in 1Q 2021)First quarter 2022 results: EPS: JP¥8.76 (down from JP¥31.24 in 1Q 2021). Revenue: JP¥40.7b (up 6.5% from 1Q 2021). Net income: JP¥624.0m (down 72% from 1Q 2021). Profit margin: 1.5% (down from 5.8% in 1Q 2021). Over the next year, revenue is expected to shrink by 12% compared to a 12% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings.Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Outside Director Mitsuaki Nakakubo was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Feb 16Full year 2021 earnings: EPS in line with expectations, revenues disappointFull year 2021 results: EPS: JP¥3.10 (down from JP¥92.08 in FY 2020). Revenue: JP¥167.8b (up 5.8% from FY 2020). Net income: JP¥221.0m (down 97% from FY 2020). Profit margin: 0.1% (down from 4.1% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.3%. Over the next year, revenue is expected to shrink by 2.0% compared to a 11% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.공시 • Feb 16Nikkiso Co., Ltd., Annual General Meeting, Mar 30, 2022Nikkiso Co., Ltd., Annual General Meeting, Mar 30, 2022.Upcoming Dividend • Dec 23Upcoming dividend of JP¥10.00 per shareEligible shareholders must have bought the stock before 29 December 2021. Payment date: 11 March 2022. Payout ratio is a comfortable 43% but the company is not cash flow positive. Trailing yield: 2.6%. Lower than top quartile of German dividend payers (3.3%). Higher than average of industry peers (1.2%).Reported Earnings • Nov 14Third quarter 2021 earnings released: EPS JP¥3.21 (vs JP¥19.77 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: JP¥41.2b (up 12% from 3Q 2020). Net income: JP¥229.0m (down 84% from 3Q 2020). Profit margin: 0.6% (down from 3.8% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.Valuation Update With 7 Day Price Move • Aug 19Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to JP¥6.90, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 20x in the Machinery industry in Germany. Total loss to shareholders of 23% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €11.61 per share.Reported Earnings • Aug 13Second quarter 2021 earnings released: JP¥20.66 loss per share (vs JP¥29.63 profit in 2Q 2020)The company reported a soft second quarter result with weaker earnings and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: JP¥39.3b (up 2.5% from 2Q 2020). Net loss: JP¥1.47b (down 170% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 9% 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 • Jun 22Upcoming dividend of JP¥10.00 per shareEligible shareholders must have bought the stock before 29 June 2021. Payment date: 14 September 2021. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (3.2%). Higher than average of industry peers (1.1%).Reported Earnings • May 19First quarter 2021 earnings released: EPS JP¥31.24 (vs JP¥10.29 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: JP¥38.3b (up 4.9% from 1Q 2020). Net income: JP¥2.23b (up 204% from 1Q 2020). Profit margin: 5.8% (up from 2.0% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has fallen by 3% per year.Reported Earnings • Apr 06Full year 2020 earnings released: EPS JP¥92.08 (vs JP¥95.67 in FY 2019)The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: JP¥158.5b (down 4.4% from FY 2019). Net income: JP¥6.56b (down 3.7% from FY 2019). Profit margin: 4.1% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has remained flat.Is New 90 Day High Low • Mar 02New 90-day high: €8.70The company is up 7.0% from its price of €8.10 on 01 December 2020. The German market is also up 7.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Machinery industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €7.88 per share.공시 • Feb 16Nikkiso Co., Ltd., Annual General Meeting, Mar 30, 2021Nikkiso Co., Ltd., Annual General Meeting, Mar 30, 2021.Reported Earnings • Feb 14Full year 2020 earnings released: EPS JP¥92.08 (vs JP¥95.67 in FY 2019)The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: JP¥158.5b (down 4.4% from FY 2019). Net income: JP¥6.56b (down 3.7% from FY 2019). Profit margin: 4.1% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.Analyst Estimate Surprise Post Earnings • Feb 14Revenue beats expectationsRevenue exceeded analyst estimates by 2.2%. Over the next year, revenue is forecast to grow 16%, compared to a 5.0% growth forecast for the Machinery industry in Germany.Is New 90 Day High Low • Feb 10New 90-day high: €8.50The company is up 2.0% from its price of €8.35 on 11 November 2020. The German market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.93 per share.Is New 90 Day High Low • Dec 28New 90-day low: €7.75The company is down 15% from its price of €9.10 on 29 September 2020. The German market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery 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 €4.68 per share.Upcoming Dividend • Dec 22Upcoming Dividend of JP¥10.00 Per ShareWill be paid on the 10th of March to those who are registered shareholders by the 29th of December. The trailing yield of 2.0% is below the top quartile of German dividend payers (3.5%), but is in line with industry peers (1.8%).Reported Earnings • Nov 15Third quarter 2020 earnings released: EPS JP¥19.78The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: JP¥36.9b (down 13% from 3Q 2019). Net income: JP¥1.41b (down 48% from 3Q 2019). Profit margin: 3.8% (down from 6.5% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.Analyst Estimate Surprise Post Earnings • Nov 15Revenue misses expectationsRevenue missed analyst estimates by 4.7%. Over the next year, revenue is forecast to grow 5.3%, compared to a 2.6% growth forecast for the Machinery industry in Germany.이익 및 매출 성장 예측DB:NKO - 애널리스트 향후 추정치 및 과거 재무 데이터 (JPY Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/2028282,00019,20013,27123,271112/31/2027263,00016,7007,47717,477112/31/2026245,00015,6008,67218,67213/31/2026222,69414,544-3457,797N/A12/31/2025215,64213,65210,49717,619N/A9/30/2025213,94911,1006,75413,242N/A6/30/2025211,0206,93411,98819,052N/A3/31/2025213,4427,3957,77814,640N/A12/31/2024213,3797,957-13,077-6,568N/A9/30/2024210,8386,991-15,825-10,270N/A6/30/2024208,08611,150-20,520-13,153N/A3/31/2024200,02411,734-10,377-2,077N/A12/31/2023192,6299,0714,81114,245N/A9/30/2023179,4044,9841,06712,143N/A6/30/2023176,77415,6017189,556N/A3/31/2023177,23513,178-3,5774,794N/A12/31/2022177,10913,6396588,384N/A9/30/2022180,19314,161365,940N/A6/30/2022177,7351,378-3945,678N/A3/31/2022170,232-1,381-7,2202,208N/A12/31/2021167,759221-8,6293,594N/A9/30/2021165,6143,290-4,8017,242N/A6/30/2021161,2874,470-2,93511,814N/A3/31/2021160,3188,05387314,035N/A12/31/2020158,5426,560-63912,480N/A9/30/2020156,2856,42838913,929N/A6/30/2020161,6577,7523,15913,747N/A3/31/2020164,7816,1444,45513,611N/A12/31/2019165,7806,813N/A11,996N/A9/30/2019171,0827,790N/A11,825N/A6/30/2019168,7047,320N/A11,937N/A3/31/2019168,3148,813N/A12,320N/A12/31/2018165,3267,448N/A14,076N/A9/30/2018158,0318,350N/AN/AN/A6/30/2018153,1847,053N/A9,860N/A3/31/2018145,4755,144N/AN/AN/A12/31/2017140,9125,182N/A4,915N/A9/30/2017139,4143,602N/AN/AN/A6/30/2017134,2423,346N/A9,606N/A3/31/2017131,9613,160N/AN/AN/A12/31/2016132,8902,729N/A12,608N/A12/31/2015151,0423,838N/A4,353N/A9/30/2015129,8163,323N/A7,621N/A6/30/2015129,7704,830N/AN/AN/A더 보기애널리스트 향후 성장 전망수입 대 저축률: NKO 의 연간 예상 수익 증가율(9.9%)이 saving rate(1.9%)보다 높습니다.수익 vs 시장: NKO 의 연간 수익(9.9%)이 German 시장(17.1%)보다 느리게 성장할 것으로 예상됩니다.고성장 수익: NKO 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.수익 대 시장: NKO 의 수익(연간 8.3%)이 German 시장(연간 6.7%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: NKO 의 수익(연간 8.3%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: NKO의 자본 수익률이 3년 후 높을 것으로 예상되는지 판단하기에 데이터가 부족합니다.성장 기업 찾아보기7D1Y7D1Y7D1YCapital-goods 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/06/09 04:52종가2026/06/09 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Nikkiso Co., Ltd.는 6명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Yusuke MiuraDaiwa Securities Co. Ltd.Kosuke SaharaMarusan Securities Co. Ltd.Takahiro MoriMizuho Securities Co., Ltd.3명의 분석가 더 보기
공시 • Feb 14+ 1 more updateNikkiso Co., Ltd. Provides Consolidated Earnings Forecast for the First Half of 2026 and Fiscal Year Ending December 31, 2026Nikkiso Co., Ltd. provided consolidated earnings forecast for the first half of 2026 and fiscal year ending December 31, 2026. For the six months, the company expected revenue of ¥116,300 million, operating profit of ¥5,900 million, Profit attributable to owners of parent of ¥4,800 million and Basic earnings per share of ¥73.55. For the year, the company expected revenue of ¥233,500 million, operating profit of ¥16,500 million, Profit attributable to owners of parent of ¥13,000 million and Basic earnings per share of ¥199.19.
Valuation Update With 7 Day Price Move • May 22Investor sentiment improves as stock rises 20%After last week's 20% share price gain to €17.10, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 13x in the Machinery industry in Germany. Total returns to shareholders of 206% over the past three years.
Reported Earnings • May 21First quarter 2026 earnings released: EPS: JP¥48.36 (vs JP¥34.17 in 1Q 2025)First quarter 2026 results: EPS: JP¥48.36 (up from JP¥34.17 in 1Q 2025). Revenue: JP¥55.4b (up 15% from 1Q 2025). Net income: JP¥3.16b (up 39% from 1Q 2025). Profit margin: 5.7% (up from 4.7% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth.
Board Change • May 21Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Outside Director Junko Yamaguchi was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
공시 • Apr 26Nikkiso Co., Ltd. to Report Q2, 2026 Results on Aug 14, 2026Nikkiso Co., Ltd. announced that they will report Q2, 2026 results on Aug 14, 2026
공시 • Apr 25+ 2 more updatesNikkiso Co., Ltd. to Report Q1, 2026 Results on May 15, 2026Nikkiso Co., Ltd. announced that they will report Q1, 2026 results on May 15, 2026
공시 • Feb 14+ 1 more updateNikkiso Co., Ltd. Provides Consolidated Earnings Forecast for the First Half of 2026 and Fiscal Year Ending December 31, 2026Nikkiso Co., Ltd. provided consolidated earnings forecast for the first half of 2026 and fiscal year ending December 31, 2026. For the six months, the company expected revenue of ¥116,300 million, operating profit of ¥5,900 million, Profit attributable to owners of parent of ¥4,800 million and Basic earnings per share of ¥73.55. For the year, the company expected revenue of ¥233,500 million, operating profit of ¥16,500 million, Profit attributable to owners of parent of ¥13,000 million and Basic earnings per share of ¥199.19.
공시 • Feb 13Nikkiso Co., Ltd., Annual General Meeting, Mar 27, 2026Nikkiso Co., Ltd., Annual General Meeting, Mar 27, 2026.
공시 • May 29Nikkiso Co., Ltd. Announces an Appeal to the Tokyo High Court Against Tax Reassessment Under the Controlled Foreign Company Tax RegimeNikkiso Co., Ltd. received a notice of reassessment for the 2018 business income of Nikkiso International Co., Ltd., which is the parent company of three (3) foreign subsidiaries under the Clean Energy & Industrial Gas Group (the "CE&IE Group"), a consolidated subsidiary group of the Company. The reassessment was based on the grounds that these foreign subsidiaries did not satisfy the exemption requirements under the CFC tax regime. As the Company did not agree with the decision, it filed a lawsuit with the Tokyo District Court seeking revocation of the tax reassessment. However, the court dismissed the Company's claims in the ruling dated May 16, 2025. Accordingly, the Company hereby announces that, in response to the court's ruling, it has decided to file an appeal with the Tokyo High Court on May 29, 2025. Future Outlook: The Company finds it deeply regrettable that its claims were not accepted and is unable to accept the ruling. Accordingly, the Company will file an appeal with the Tokyo High Court to reassert its legitimacy. Associated with this matter, the Company recorded corporate income tax of approximately JPY 1.7 billion in the fiscal year ended December 31, 2021, and the tax payment has already been completed. Should any material developments requiring disclosure arise, the Company will disclose them in a timely manner.
공시 • May 09+ 2 more updatesNikkiso Co., Ltd. to Report Fiscal Year 2025 Results on Feb 13, 2026Nikkiso Co., Ltd. announced that they will report fiscal year 2025 results on Feb 13, 2026
공시 • Mar 06Nikkiso Co., Ltd. to Report Q1, 2025 Results on May 15, 2025Nikkiso Co., Ltd. announced that they will report Q1, 2025 results on May 15, 2025
공시 • Feb 14Nikkiso Co., Ltd., Annual General Meeting, Mar 28, 2025Nikkiso Co., Ltd., Annual General Meeting, Mar 28, 2025.
New Risk • Sep 13New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 8.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 8.1% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (5.4% net profit margin).
Reported Earnings • Aug 19Second quarter 2024 earnings released: EPS: JP¥47.21 (vs JP¥56.05 in 2Q 2023)Second quarter 2024 results: EPS: JP¥47.21 (down from JP¥56.05 in 2Q 2023). Revenue: JP¥54.4b (up 17% from 2Q 2023). Net income: JP¥3.13b (down 16% from 2Q 2023). Profit margin: 5.7% (down from 8.0% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €5.90, the stock trades at a trailing P/E ratio of 5.1x. Average trailing P/E is 15x in the Machinery industry in Germany. Total loss to shareholders of 25% over the past three years.
Upcoming Dividend • Jun 20Upcoming dividend of JP¥15.00 per shareEligible shareholders must have bought the stock before 27 June 2024. Payment date: 12 September 2024. Payout ratio is a comfortable 16% but the company is not cash flow positive. Trailing yield: 2.6%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (3.6%).
Reported Earnings • May 19First quarter 2024 earnings released: EPS: JP¥42.70 (vs JP¥2.46 in 1Q 2023)First quarter 2024 results: EPS: JP¥42.70 (up from JP¥2.46 in 1Q 2023). Revenue: JP¥48.3b (up 18% from 1Q 2023). Net income: JP¥2.83b (up JP¥2.66b from 1Q 2023). Profit margin: 5.9% (up from 0.4% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
공시 • Apr 26+ 2 more updatesNikkiso Co., Ltd. to Report Fiscal Year 2024 Results on Feb 14, 2025Nikkiso Co., Ltd. announced that they will report fiscal year 2024 results on Feb 14, 2025
공시 • Mar 09Nikkiso Co., Ltd. to Report Q1, 2024 Results on May 15, 2024Nikkiso Co., Ltd. announced that they will report Q1, 2024 results on May 15, 2024
공시 • Feb 16Nikkiso Co., Ltd., Annual General Meeting, Mar 28, 2024Nikkiso Co., Ltd., Annual General Meeting, Mar 28, 2024.
Reported Earnings • Feb 16Full year 2023 earnings released: EPS: JP¥137 (vs JP¥195 in FY 2022)Full year 2023 results: EPS: JP¥137 (down from JP¥195 in FY 2022). Revenue: JP¥192.6b (up 8.8% from FY 2022). Net income: JP¥9.07b (down 34% from FY 2022). Profit margin: 4.7% (down from 7.7% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.9% p.a. on average during the next 2 years, compared to a 3.0% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
New Risk • Jan 31New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 8.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 18% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (155% cash payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.8% net profit margin). Shareholders have been diluted in the past year (8.4% increase in shares outstanding).
Upcoming Dividend • Dec 21Upcoming dividend of JP¥12.50 per share at 2.6% yieldEligible shareholders must have bought the stock before 28 December 2023. Payment date: 13 March 2024. Payout ratio is a comfortable 17% but the company is paying out more than the cash it is generating. Trailing yield: 2.6%. Lower than top quartile of German dividend payers (5.1%). In line with average of industry peers (2.7%).
Reported Earnings • Nov 15Third quarter 2023 earnings released: EPS: JP¥36.19 (vs JP¥185 in 3Q 2022)Third quarter 2023 results: EPS: JP¥36.19 (down from JP¥185 in 3Q 2022). Revenue: JP¥46.3b (up 6.0% from 3Q 2022). Net income: JP¥2.40b (down 82% from 3Q 2022). Profit margin: 5.2% (down from 30% in 3Q 2022). Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.
Reported Earnings • Aug 15Second quarter 2023 earnings released: EPS: JP¥56.06 (vs JP¥18.05 in 2Q 2022)Second quarter 2023 results: EPS: JP¥56.06 (up from JP¥18.05 in 2Q 2022). Revenue: JP¥46.4b (down 1.0% from 2Q 2022). Net income: JP¥3.71b (up 189% from 2Q 2022). Profit margin: 8.0% (up from 2.7% in 2Q 2022). Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.
New Risk • Jul 25New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 35% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 35% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results.
Upcoming Dividend • Jun 22Upcoming dividend of JP¥12.50 per share at 2.7% yieldEligible shareholders must have bought the stock before 29 June 2023. Payment date: 13 September 2023. Payout ratio is a comfortable 13% but the company is not cash flow positive. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (4.7%). In line with average of industry peers (2.8%).
Reported Earnings • May 19First quarter 2023 earnings released: EPS: JP¥2.46 (vs JP¥8.76 in 1Q 2022)First quarter 2023 results: EPS: JP¥2.46 (down from JP¥8.76 in 1Q 2022). Revenue: JP¥40.9b (flat on 1Q 2022). Net income: JP¥163.0m (down 74% from 1Q 2022). Profit margin: 0.4% (down from 1.5% in 1Q 2022). Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
공시 • Feb 16Nikkiso Co., Ltd., Annual General Meeting, Mar 30, 2023Nikkiso Co., Ltd., Annual General Meeting, Mar 30, 2023.
Reported Earnings • Feb 15Full year 2022 earnings released: EPS: JP¥195 (vs JP¥3.10 in FY 2021)Full year 2022 results: EPS: JP¥195 (up from JP¥3.10 in FY 2021). Revenue: JP¥177.1b (up 5.6% from FY 2021). Net income: JP¥13.6b (up JP¥13.4b from FY 2021). Profit margin: 7.7% (up from 0.1% in FY 2021). The increase in margin was primarily driven by higher revenue. Revenue is expected to decline by 4.4% p.a. on average during the next 2 years, while revenues in the Machinery industry in Germany are expected to grow by 4.3%. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Dec 22Upcoming dividend of JP¥12.50 per shareEligible shareholders must have bought the stock before 29 December 2022. Payment date: 13 March 2023. Payout ratio is a comfortable 11% but the company is paying out more than the cash it is generating. Trailing yield: 2.6%. Lower than top quartile of German dividend payers (5.1%). In line with average of industry peers (2.8%).
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Outside Director Mitsuaki Nakakubo was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Aug 17Second quarter 2022 earnings released: EPS: JP¥18.06 (vs JP¥20.66 loss in 2Q 2021)Second quarter 2022 results: EPS: JP¥18.06 (up from JP¥20.66 loss in 2Q 2021). Revenue: JP¥46.8b (up 19% from 2Q 2021). Net income: JP¥1.29b (up JP¥2.76b from 2Q 2021). Profit margin: 2.7% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Over the next year, revenue is expected to shrink by 13% compared to a 9.0% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.
공시 • Aug 16Nikkiso Co., Ltd. (TSE:6376) announces an Equity Buyback for 8,350,000 shares, representing 11.72% for ¥5,000 million.Nikkiso Co., Ltd. (TSE:6376) announces a share repurchase program. Under the program, the company will repurchase 8,350,000 shares, representing 11.24% of the outstanding shares, for ¥5,000 million. The purpose of the program is to return profits to shareholders based on comprehensive consideration of factors such as performance and the business environment. The program will run until December 31, 2022. As of June 30, 2022, the company had 71,272,693 shares outstanding (excluding treasury stock) and 3,013,771 shares in treasury.
Upcoming Dividend • Jun 22Upcoming dividend of JP¥12.50 per shareEligible shareholders must have bought the stock before 29 June 2022. Payment date: 12 September 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 3.0%. Lower than top quartile of German dividend payers (4.4%). Higher than average of industry peers (2.7%).
Reported Earnings • May 22First quarter 2022 earnings released: EPS: JP¥8.76 (vs JP¥31.24 in 1Q 2021)First quarter 2022 results: EPS: JP¥8.76 (down from JP¥31.24 in 1Q 2021). Revenue: JP¥40.7b (up 6.5% from 1Q 2021). Net income: JP¥624.0m (down 72% from 1Q 2021). Profit margin: 1.5% (down from 5.8% in 1Q 2021). Over the next year, revenue is expected to shrink by 12% compared to a 12% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings.
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Outside Director Mitsuaki Nakakubo was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Feb 16Full year 2021 earnings: EPS in line with expectations, revenues disappointFull year 2021 results: EPS: JP¥3.10 (down from JP¥92.08 in FY 2020). Revenue: JP¥167.8b (up 5.8% from FY 2020). Net income: JP¥221.0m (down 97% from FY 2020). Profit margin: 0.1% (down from 4.1% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.3%. Over the next year, revenue is expected to shrink by 2.0% compared to a 11% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.
공시 • Feb 16Nikkiso Co., Ltd., Annual General Meeting, Mar 30, 2022Nikkiso Co., Ltd., Annual General Meeting, Mar 30, 2022.
Upcoming Dividend • Dec 23Upcoming dividend of JP¥10.00 per shareEligible shareholders must have bought the stock before 29 December 2021. Payment date: 11 March 2022. Payout ratio is a comfortable 43% but the company is not cash flow positive. Trailing yield: 2.6%. Lower than top quartile of German dividend payers (3.3%). Higher than average of industry peers (1.2%).
Reported Earnings • Nov 14Third quarter 2021 earnings released: EPS JP¥3.21 (vs JP¥19.77 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: JP¥41.2b (up 12% from 3Q 2020). Net income: JP¥229.0m (down 84% from 3Q 2020). Profit margin: 0.6% (down from 3.8% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.
Valuation Update With 7 Day Price Move • Aug 19Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to JP¥6.90, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 20x in the Machinery industry in Germany. Total loss to shareholders of 23% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €11.61 per share.
Reported Earnings • Aug 13Second quarter 2021 earnings released: JP¥20.66 loss per share (vs JP¥29.63 profit in 2Q 2020)The company reported a soft second quarter result with weaker earnings and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: JP¥39.3b (up 2.5% from 2Q 2020). Net loss: JP¥1.47b (down 170% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 9% 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 • Jun 22Upcoming dividend of JP¥10.00 per shareEligible shareholders must have bought the stock before 29 June 2021. Payment date: 14 September 2021. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (3.2%). Higher than average of industry peers (1.1%).
Reported Earnings • May 19First quarter 2021 earnings released: EPS JP¥31.24 (vs JP¥10.29 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: JP¥38.3b (up 4.9% from 1Q 2020). Net income: JP¥2.23b (up 204% from 1Q 2020). Profit margin: 5.8% (up from 2.0% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has fallen by 3% per year.
Reported Earnings • Apr 06Full year 2020 earnings released: EPS JP¥92.08 (vs JP¥95.67 in FY 2019)The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: JP¥158.5b (down 4.4% from FY 2019). Net income: JP¥6.56b (down 3.7% from FY 2019). Profit margin: 4.1% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has remained flat.
Is New 90 Day High Low • Mar 02New 90-day high: €8.70The company is up 7.0% from its price of €8.10 on 01 December 2020. The German market is also up 7.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Machinery industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €7.88 per share.
공시 • Feb 16Nikkiso Co., Ltd., Annual General Meeting, Mar 30, 2021Nikkiso Co., Ltd., Annual General Meeting, Mar 30, 2021.
Reported Earnings • Feb 14Full year 2020 earnings released: EPS JP¥92.08 (vs JP¥95.67 in FY 2019)The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: JP¥158.5b (down 4.4% from FY 2019). Net income: JP¥6.56b (down 3.7% from FY 2019). Profit margin: 4.1% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
Analyst Estimate Surprise Post Earnings • Feb 14Revenue beats expectationsRevenue exceeded analyst estimates by 2.2%. Over the next year, revenue is forecast to grow 16%, compared to a 5.0% growth forecast for the Machinery industry in Germany.
Is New 90 Day High Low • Feb 10New 90-day high: €8.50The company is up 2.0% from its price of €8.35 on 11 November 2020. The German market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.93 per share.
Is New 90 Day High Low • Dec 28New 90-day low: €7.75The company is down 15% from its price of €9.10 on 29 September 2020. The German market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery 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 €4.68 per share.
Upcoming Dividend • Dec 22Upcoming Dividend of JP¥10.00 Per ShareWill be paid on the 10th of March to those who are registered shareholders by the 29th of December. The trailing yield of 2.0% is below the top quartile of German dividend payers (3.5%), but is in line with industry peers (1.8%).
Reported Earnings • Nov 15Third quarter 2020 earnings released: EPS JP¥19.78The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: JP¥36.9b (down 13% from 3Q 2019). Net income: JP¥1.41b (down 48% from 3Q 2019). Profit margin: 3.8% (down from 6.5% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
Analyst Estimate Surprise Post Earnings • Nov 15Revenue misses expectationsRevenue missed analyst estimates by 4.7%. Over the next year, revenue is forecast to grow 5.3%, compared to a 2.6% growth forecast for the Machinery industry in Germany.