View Future GrowthNTN 과거 순이익 실적과거 기준 점검 2/6NTN의 수입은 연평균 -22.5%의 비율로 감소해 온 반면, Machinery 산업은 수입이 연평균 4.9% 증가했습니다. 매출은 연평균 5.9%의 비율로 증가해 왔습니다. NTN의 자기자본이익률은 4.7%이고 순이익률은 1.6%입니다.핵심 정보-22.49%순이익 성장률-23.24%주당순이익(EPS) 성장률Machinery 산업 성장률10.65%매출 성장률5.91%자기자본이익률4.68%순이익률1.62%최근 순이익 업데이트30 Jun 2026최근 과거 실적 업데이트Reported Earnings • Aug 04First quarter 2027 earnings released: EPS: JP¥3.24 (vs JP¥2.25 in 1Q 2026)First quarter 2027 results: EPS: JP¥3.24 (up from JP¥2.25 in 1Q 2026). Revenue: JP¥212.3b (up 6.7% from 1Q 2026). Net income: JP¥1.93b (up 62% from 1Q 2026). Profit margin: 0.9% (up from 0.6% in 1Q 2026). Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.공고 • May 30NTN Corporation to Report Q1, 2027 Results on Aug 04, 2026NTN Corporation announced that they will report Q1, 2027 results on Aug 04, 2026공고 • May 09NTN Corporation to Report Fiscal Year 2026 Results on May 14, 2026NTN Corporation announced that they will report fiscal year 2026 results on May 14, 2026공고 • Nov 29NTN Corporation to Report Q3, 2026 Results on Feb 03, 2026NTN Corporation announced that they will report Q3, 2026 results on Feb 03, 2026공고 • Sep 01NTN Corporation to Report Q2, 2026 Results on Oct 31, 2025NTN Corporation announced that they will report Q2, 2026 results on Oct 31, 2025공고 • Jun 27NTN Corporation to Report Q1, 2026 Results on Aug 04, 2025NTN Corporation announced that they will report Q1, 2026 results on Aug 04, 2025모든 업데이트 보기Recent updatesReported Earnings • Aug 04First quarter 2027 earnings released: EPS: JP¥3.24 (vs JP¥2.25 in 1Q 2026)First quarter 2027 results: EPS: JP¥3.24 (up from JP¥2.25 in 1Q 2026). Revenue: JP¥212.3b (up 6.7% from 1Q 2026). Net income: JP¥1.93b (up 62% from 1Q 2026). Profit margin: 0.9% (up from 0.6% in 1Q 2026). Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.Declared Dividend • Jul 26Final dividend of JP¥6.50 announcedShareholders will receive a dividend of JP¥6.50. Ex-date: 29th September 2026 Payment date: 1st December 2026 Dividend yield will be 330%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (47% earnings payout ratio) and cash flows (31% cash payout ratio). The dividend has increased by an average of 2.7% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 86% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Buy Or Sell Opportunity • Jun 26Now 21% undervaluedOver the last 90 days, the stock has risen 21% to €2.16. The fair value is estimated to be €2.72, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 1.7% per annum. Earnings are also forecast to grow by 24% per annum over the same time period.Buy Or Sell Opportunity • Jun 04Now 21% undervaluedOver the last 90 days, the stock has risen 14% to €2.26. The fair value is estimated to be €2.86, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 4.6% in 2 years. Earnings are forecast to grow by 59% in the next 2 years.Valuation Update With 7 Day Price Move • Jun 04Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €2.32, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 13x in the Machinery industry in Germany. Total returns to shareholders of 37% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €2.85 per share.공고 • May 30NTN Corporation to Report Q1, 2027 Results on Aug 04, 2026NTN Corporation announced that they will report Q1, 2027 results on Aug 04, 2026New Risk • May 24New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 8.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.8% average weekly change). Large one-off items impacting financial results.Board Change • May 20High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Director Etsu Harima was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.공고 • May 14+ 1 more updateNTN Corporation (TSE:6472) signed a memorandum of understanding to acquire NSK Ltd. (TSE:6471).NTN Corporation (TSE:6472) signed a memorandum of understanding to acquire NSK Ltd. (TSE:6471) on May 12, 2026. The consideration consists of common equity of NTN Corporation to be issued for common equity of NSK Ltd. As part of consideration, an undisclosed value is paid towards common equity of NSK Ltd. The transaction is subject to approval of offer by acquirer shareholders and approval of offer by target shareholders. The expected completion of the transaction is October 1, 2027 to October 31, 2027.공고 • May 09NTN Corporation to Report Fiscal Year 2026 Results on May 14, 2026NTN Corporation announced that they will report fiscal year 2026 results on May 14, 2026공고 • Nov 29NTN Corporation to Report Q3, 2026 Results on Feb 03, 2026NTN Corporation announced that they will report Q3, 2026 results on Feb 03, 2026공고 • Sep 01NTN Corporation to Report Q2, 2026 Results on Oct 31, 2025NTN Corporation announced that they will report Q2, 2026 results on Oct 31, 2025공고 • Jun 27NTN Corporation to Report Q1, 2026 Results on Aug 04, 2025NTN Corporation announced that they will report Q1, 2026 results on Aug 04, 2025공고 • May 15NTN Corporation, Annual General Meeting, Jun 25, 2025NTN Corporation, Annual General Meeting, Jun 25, 2025.공고 • Mar 01NTN Corporation to Report Fiscal Year 2025 Results on May 14, 2025NTN Corporation announced that they will report fiscal year 2025 results on May 14, 2025공고 • Nov 06NTN Corporation to Report Q3, 2025 Results on Feb 04, 2025NTN Corporation announced that they will report Q3, 2025 results on Feb 04, 2025Reported Earnings • Nov 01Second quarter 2025 earnings released: JP¥4.33 loss per share (vs JP¥4.68 profit in 2Q 2024)Second quarter 2025 results: JP¥4.33 loss per share (down from JP¥4.68 profit in 2Q 2024). Revenue: JP¥203.1b (down 2.7% from 2Q 2024). Net loss: JP¥2.30b (down 192% from profit in 2Q 2024). Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 4.4% 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 8% per year, which means it is significantly lagging earnings.공고 • Sep 27NTN Corporation to Report Q2, 2025 Results on Oct 31, 2024NTN Corporation announced that they will report Q2, 2025 results on Oct 31, 2024Upcoming Dividend • Sep 20Upcoming dividend of JP¥5.50 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 58% and this is well supported by cash flows. Trailing yield: 4.2%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (3.5%).New Risk • Aug 08New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.2% average weekly change). Profit margins are more than 30% lower than last year (1.1% net profit margin).Reported Earnings • Aug 04First quarter 2025 earnings released: EPS: JP¥0.32 (vs JP¥3.09 in 1Q 2024)First quarter 2025 results: EPS: JP¥0.32 (down from JP¥3.09 in 1Q 2024). Revenue: JP¥210.8b (up 5.0% from 1Q 2024). Net income: JP¥170.0m (down 90% from 1Q 2024). Profit margin: 0.1% (down from 0.8% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.Declared Dividend • Jul 11Final dividend of JP¥5.50 announcedShareholders will receive a dividend of JP¥5.50. Ex-date: 27th September 2024 Payment date: 2nd December 2024 Dividend yield will be 307%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is covered by both earnings (50% earnings payout ratio) and cash flows (15% cash payout ratio). The dividend has increased by an average of 8.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 92% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • May 16Full year 2024 earnings released: EPS: JP¥19.90 (vs JP¥19.53 in FY 2023)Full year 2024 results: EPS: JP¥19.90 (up from JP¥19.53 in FY 2023). Revenue: JP¥836.3b (up 8.1% from FY 2023). Net income: JP¥10.6b (up 1.9% from FY 2023). Profit margin: 1.3% (in line with FY 2023). Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.공고 • May 16NTN Corporation, Annual General Meeting, Jun 25, 2024NTN Corporation, Annual General Meeting, Jun 25, 2024.Buy Or Sell Opportunity • Apr 26Now 21% undervaluedOver the last 90 days, the stock has risen 15% to €1.86. The fair value is estimated to be €2.36, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 6.8% in 2 years. Earnings are forecast to grow by 2.6% in the next 2 years.Upcoming Dividend • Mar 21Upcoming dividend of JP¥5.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 28 June 2024. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of German dividend payers (4.9%). In line with average of industry peers (3.2%).공고 • Mar 02NTN Corporation to Report Fiscal Year 2024 Results on May 14, 2024NTN Corporation announced that they will report fiscal year 2024 results on May 14, 2024Reported Earnings • Feb 04Third quarter 2024 earnings released: EPS: JP¥6.70 (vs JP¥1.66 in 3Q 2023)Third quarter 2024 results: EPS: JP¥6.70 (up from JP¥1.66 in 3Q 2023). Revenue: JP¥210.9b (up 6.7% from 3Q 2023). Net income: JP¥3.56b (up 305% from 3Q 2023). Profit margin: 1.7% (up from 0.4% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 124% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.공고 • Feb 02+ 1 more updateNTN Corporation Revises Consolidated Earning Guidance for the Fiscal Year Ending March 31, 2024NTN Corporation revised consolidated earning guidance for the fiscal year ending March 31, 2024. For the year, the company expects net sales of JPY 830,000 million, operating income of JPY 25,000 million, profit attributable to owners of parent of JPY 9,000 million and net income per share of JPY 16.95 against previous guidance of net sales of JPY 825,000 million, operating income of JPY 30,000 million, profit attributable to owners of parent of JPY 11,000 million and net income per share of JPY 20.72. Reasons for revision: The company expects that the net sales will exceed the previous forecast due to the impact of foreign exchange rates while the sales volume will decrease due to factors such as reduction in sales for industrial machinery market in addition to automotive market mainly in Japan, Europe and China, and effects of the earthquake which struck Noto Peninsula, Ishikawa, Japan. On the other hand, The company expects that operating income, ordinary income, and profit attributable to owners of parent will be below the previous forecast due to the significant impact of the decrease in sales volume, despite the impact of foreign exchange rates. The company assume that the exchange rate to be USD 1 = JPY 140 and EUR 1= JPY 155 from the first quarter.공고 • Nov 27NTN Corporation to Report Q3, 2024 Results on Feb 02, 2024NTN Corporation announced that they will report Q3, 2024 results on Feb 02, 2024Reported Earnings • Nov 02Second quarter 2024 earnings released: EPS: JP¥4.68 (vs JP¥1.61 in 2Q 2023)Second quarter 2024 results: EPS: JP¥4.68 (up from JP¥1.61 in 2Q 2023). Revenue: JP¥208.9b (up 4.9% from 2Q 2023). Net income: JP¥2.48b (up 191% from 2Q 2023). Profit margin: 1.2% (up from 0.4% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.5% 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 134% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.공고 • Nov 01NTN Corporation Announces Dividend for the Second Quarter and Provides Dividend Guidance for the Year End of Fiscal Year Ending March 31, 2024NTN Corporation announced dividend for the second quarter and provided dividend guidance for the year end of fiscal year ending March 31, 2024. For the second quarter, company announced dividend of JPY 5.00 per share against JPY 2.50 per share a year ago. Payment date is December 1, 2023. For the year end. the company expects dividend of JPY 5.00 per share against JPY 2.50 per share a year ago.Upcoming Dividend • Sep 21Upcoming dividend of JP¥5.00 per share at 3.4% yieldEligible shareholders must have bought the stock before 28 September 2023. Payment date: 01 December 2023. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.8%).공고 • Aug 27NTN Corporation to Report Q2, 2024 Results on Oct 31, 2023NTN Corporation announced that they will report Q2, 2024 results on Oct 31, 2023Reported Earnings • Aug 03First quarter 2024 earnings released: EPS: JP¥3.09 (vs JP¥4.69 loss in 1Q 2023)First quarter 2024 results: EPS: JP¥3.09 (up from JP¥4.69 loss in 1Q 2023). Revenue: JP¥200.8b (up 16% from 1Q 2023). Net income: JP¥1.64b (up JP¥4.13b from 1Q 2023). Profit margin: 0.8% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 132% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.공고 • May 31NTN Corporation to Report Q1, 2024 Results on Aug 02, 2023NTN Corporation announced that they will report Q1, 2024 results on Aug 02, 2023Reported Earnings • May 17Full year 2023 earnings released: EPS: JP¥19.53 (vs JP¥13.83 in FY 2022)Full year 2023 results: EPS: JP¥19.53 (up from JP¥13.83 in FY 2022). Revenue: JP¥774.0b (up 21% from FY 2022). Net income: JP¥10.4b (up 41% from FY 2022). Profit margin: 1.3% (up from 1.1% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 121% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • May 16Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to €1.93, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 12x in the Machinery industry in Germany. Total returns to shareholders of 9.7% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €3.36 per share.공고 • May 13+ 2 more updatesNTN Corporation, Annual General Meeting, Jun 27, 2023NTN Corporation, Annual General Meeting, Jun 27, 2023.Valuation Update With 7 Day Price Move • Feb 09Investor sentiment improves as stock rises 18%After last week's 18% share price gain to €2.16, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 14x in the Machinery industry in Germany. Total loss to shareholders of 13% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €3.64 per share.Reported Earnings • Feb 03Third quarter 2023 earnings released: EPS: JP¥1.66 (vs JP¥0.87 loss in 3Q 2022)Third quarter 2023 results: EPS: JP¥1.66 (up from JP¥0.87 loss in 3Q 2022). Revenue: JP¥197.7b (up 22% from 3Q 2022). Net income: JP¥879.0m (up JP¥1.34b from 3Q 2022). Profit margin: 0.4% (up from net loss in 3Q 2022). Revenue is forecast to grow 4.2% 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 101% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.공고 • Feb 03+ 1 more updateNTN Corporation Provides Earnings Guidance for the Year Ending March 31, 2023NTN Corporation provided consolidated earnings guidance for the year ending March 31, 2023. For the period, the company expects net sales of JPY 770,000 million, operating income of JPY 26,000 million, profit attributable to owners of parent of JPY 12,000 million and net income per share of JPY 22.60.공고 • Nov 27NTN Corporation to Report Q3, 2023 Results on Feb 02, 2023NTN Corporation announced that they will report Q3, 2023 results on Feb 02, 2023Board Change • Nov 16High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Director, Exe. Officer and In charge of European & African, ESG, Legal, Trade, IC & General Affairs Masaaki Yamamoto was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Valuation Update With 7 Day Price Move • Nov 07Investor sentiment improved over the past weekAfter last week's 15% share price gain to €2.06, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Machinery industry in Germany. Total loss to shareholders of 30% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €2.81 per share.Reported Earnings • Nov 02Second quarter 2023 earnings released: EPS: JP¥1.61 (vs JP¥4.20 loss in 2Q 2022)Second quarter 2023 results: EPS: JP¥1.61 (up from JP¥4.20 loss in 2Q 2022). Revenue: JP¥199.1b (up 34% from 2Q 2022). Net income: JP¥854.0m (up JP¥3.09b from 2Q 2022). Profit margin: 0.4% (up from net loss in 2Q 2022). Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.공고 • Nov 01+ 1 more updateNTN Corporation Announces Dividend for the Second Quarter of Fiscal Year Ending March 31, 2023, Payable on December 1, 2022, and Provides Dividend Guidance for the Year Ending March 31, 2023NTN Corporation announced dividend for the second quarter of fiscal year ending March 31, 2023. For the Quarter End, Company announced dividend of JPY 2.50 per share against JPY 0.00 per share a year ago. Payment date is December 1, 2022. Company provided dividend guidance for the year ending March 31, 2023. For the period, the company expects dividend of JPY 2.50 per share against JPY 0.00 per share a year ago.공고 • Aug 04NTN Corporation to Report Q2, 2023 Results on Oct 31, 2022NTN Corporation announced that they will report Q2, 2023 results on Oct 31, 2022Reported Earnings • Aug 03First quarter 2023 earnings released: JP¥4.69 loss per share (vs JP¥2.23 profit in 1Q 2022)First quarter 2023 results: JP¥4.69 loss per share (down from JP¥2.23 profit in 1Q 2022). Revenue: JP¥172.6b (up 10% from 1Q 2022). Net loss: JP¥2.49b (down 310% from profit in 1Q 2022). Over the next year, revenue is forecast to grow 9.8%, compared to a 9.6% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.공고 • Aug 03NTN Corporation Provides Consolidated Earnings Guidance for the First Half and Full Year for the Year Ending March 31, 2023NTN Corporation provided consolidated earnings guidance for the first half and full year for the year ending March 31, 2023. For the first half, company expects net sales to be JPY 350,000 million, operating income to be JPY 1,000 million, loss attributable to owners of parent to be JPY 3,500 million and net loss per share to be JPY 6.59.For the full year, company expects net sales to be JPY 720,000 million, operating income to be JPY 23,000 million, profit attributable to owners of parent to be JPY 10,000 million and net income per share to be JPY 18.84.Reported Earnings • Jun 26Full year 2022 earnings releasedFull year 2022 results: Revenue: JP¥642.0b (up 14% from FY 2021). Net income: JP¥7.34b (up JP¥19.0b from FY 2021). Profit margin: 1.1% (up from net loss in FY 2021). Over the next year, revenue is forecast to grow 11%, compared to a 10% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.공고 • May 29NTN Corporation to Report Q1, 2023 Results on Jul 29, 2022NTN Corporation announced that they will report Q1, 2023 results on Jul 29, 2022Valuation Update With 7 Day Price Move • May 21Investor sentiment improved over the past weekAfter last week's 19% share price gain to €1.90, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 12x in the Machinery industry in Germany. Total loss to shareholders of 18% over the past three years.Reported Earnings • May 15Full year 2022 earnings released: EPS: JP¥13.83 (vs JP¥21.92 loss in FY 2021)Full year 2022 results: EPS: JP¥13.83 (up from JP¥21.92 loss in FY 2021). Revenue: JP¥642.0b (up 14% from FY 2021). Net income: JP¥7.34b (up JP¥19.0b from FY 2021). Profit margin: 1.1% (up from net loss in FY 2021). Over the next year, revenue is forecast to grow 7.9%, compared to a 11% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.공고 • May 14+ 2 more updatesNTN Corporation Announces Unaudited Consolidated Earnings Results for the Year Ending March 31, 2023NTN Corporation announced unaudited consolidated earnings results for the year ending March 31, 2023. For the full year ending March 31, 2023, the company expects consolidated net sales of JPY 720,000 million, operating income of JPY 23,000 million, net income attributable to shareholder of the parent company of JPY 10,000 million and net income per share of JPY 18.84.Board Change • Apr 27Less than half of directors are independentThere are 8 new directors who have joined the board in the last 3 years. Of these new board members, 4 were independent directors. The company's board is composed of: 5 independent directors. 6 non-independent directors. Independent Outside Director Tomonori Nishimura was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.공고 • Apr 08NTN Corporation to Report Fiscal Year 2022 Results on May 13, 2022NTN Corporation announced that they will report fiscal year 2022 results on May 13, 2022Reported Earnings • Feb 02Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beatThird quarter 2022 results: JP¥0.87 loss per share (down from JP¥2.13 profit in 3Q 2021). Revenue: JP¥162.3b (up 1.2% from 3Q 2021). Net loss: JP¥460.0m (down 141% from profit in 3Q 2021). Revenue exceeded analyst estimates by 1.1%. Over the next year, revenue is forecast to grow 8.3%, compared to a 10.0% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings.Reported Earnings • Oct 30Second quarter 2022 earnings released: JP¥4.20 loss per share (vs JP¥4.31 loss in 2Q 2021)The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2022 results: Revenue: JP¥149.2b (up 1.3% from 2Q 2021). Net loss: JP¥2.23b (loss narrowed 2.4% from 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings.Reported Earnings • Aug 02First quarter 2022 earnings released: EPS JP¥2.23 (vs JP¥22.83 loss in 1Q 2021)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥156.6b (up 70% from 1Q 2021). Net income: JP¥1.18b (up JP¥13.3b from 1Q 2021). Profit margin: 0.8% (up from net loss in 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance.Reported Earnings • May 17Full year 2021 earnings released: JP¥21.92 loss per share (vs JP¥82.83 loss in FY 2020)The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2021 results: Revenue: JP¥562.8b (down 14% from FY 2020). Net loss: JP¥11.6b (loss narrowed 74% from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance.공고 • Mar 04NTN Corporation to Report Fiscal Year 2021 Results on May 14, 2021NTN Corporation announced that they will report fiscal year 2021 results on May 14, 2021Is New 90 Day High Low • Feb 18New 90-day high: €2.52The company is up 40% from its price of €1.80 on 19 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €11.17 per share.Reported Earnings • Jan 30Third quarter 2021 earnings released: EPS JP¥2.13 (vs JP¥4.26 loss in 3Q 2020)The company reported a decent third quarter result with improved earnings and profit margins, although revenues were flat. Third quarter 2021 results: Revenue: JP¥160.3b (flat on 3Q 2020). Net income: JP¥1.13b (up JP¥3.39b from 3Q 2020). Profit margin: 0.7% (up from net loss in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 93 percentage points per year, which is a significant difference in performance.Analyst Estimate Surprise Post Earnings • Jan 30Revenue beats expectationsRevenue exceeded analyst estimates by 4.1%. Over the next year, revenue is forecast to grow 10%, compared to a 4.9% growth forecast for the Machinery industry in Germany.Is New 90 Day High Low • Jan 21New 90-day high: €2.18The company is up 27% from its price of €1.71 on 23 October 2020. The German market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €6.28 per share.Is New 90 Day High Low • Dec 04New 90-day high: €1.92The company is up 19% from its price of €1.61 on 04 September 2020. The German market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also 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 €5.41 per share.공고 • Nov 29NTN Corporation to Report Q3, 2021 Results on Jan 28, 2021NTN Corporation announced that they will report Q3, 2021 results on Jan 28, 2021Is New 90 Day High Low • Nov 16New 90-day high: €1.86The company is up 16% from its price of €1.61 on 18 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also 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 €4.47 per share.Reported Earnings • Nov 07Second quarter 2021 earnings released: JP¥4.31 loss per shareThe company reported a poor second quarter result with increased losses and weaker revenues and control over expenses. Second quarter 2021 results: Revenue: JP¥147.3b (down 9.5% from 2Q 2020). Net loss: JP¥2.29b (loss widened 81% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 112% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings.Analyst Estimate Surprise Post Earnings • Nov 07Revenue misses expectationsRevenue missed analyst estimates by 28%. Over the next year, revenue is forecast to grow 4.5% while the growth in Machinery industry in Germany is expected to stay flat.Reported Earnings • Nov 01First half earnings releasedOver the last 12 months the company has reported total losses of JP¥59.5b, with losses widening by 325% from the prior year. Total revenue was JP¥556.2b over the last 12 months, down 20% from the prior year.Analyst Estimate Surprise Post Earnings • Nov 01Semi-annual earnings released: Revenue misses expectationsSemi-annual revenue missed analyst estimates by 28% at JP¥239.2b. Revenue is forecast to grow 4.1% over the next year, while the growth in Machinery industry in Germany is expected to stay flat.공고 • Aug 30NTN Corporation to Report Q2, 2021 Results on Oct 30, 2020NTN Corporation announced that they will report Q2, 2021 results on Oct 30, 2020매출 및 비용 세부 내역NTN가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이DB:NTN 매출, 비용 및 순이익 (JPY Millions)날짜매출순이익일반관리비연구개발비30 Jun 26839,58413,609111,06013,05031 Mar 26826,34412,871107,68913,05031 Dec 25813,408-11,830104,61812,78030 Sep 25813,896-18,576104,15912,78030 Jun 25813,817-22,781104,10412,78031 Mar 25825,587-23,801105,62612,78031 Dec 24831,258-5,365108,61511,38530 Sep 24840,5854,319107,97611,38530 Jun 24846,3269,097107,52211,38531 Mar 24836,28510,568105,74311,38531 Dec 23825,08318,803102,36211,26230 Sep 23811,90516,124100,45811,26230 Jun 23802,11414,49599,26111,26231 Mar 23773,96010,36797,50411,26231 Dec 22743,3198,09597,18910,46630 Sep 22707,9296,75693,99510,46630 Jun 22658,0143,67090,81010,46631 Mar 22642,0237,34188,60610,46631 Dec 21631,42113578,33510,80430 Sep 21629,4221,72476,44810,80430 Jun 21627,5411,66974,14710,80431 Mar 21562,847-11,64169,47310,80431 Dec 20556,119-56,14868,87012,15830 Sep 20556,223-59,53970,52312,15830 Jun 20571,749-58,51472,24312,15831 Mar 20651,495-43,99277,42112,15831 Dec 19676,393-17,16881,23812,90030 Sep 19697,875-13,96483,52512,90030 Jun 19716,045-10,46585,51912,90031 Mar 19733,569-6,95886,58612,90031 Dec 18748,02215,67692,99512,45930 Sep 18756,62420,13292,56812,45930 Jun 18754,52422,38490,73112,45931 Mar 18744,37220,37388,69212,45931 Dec 17733,4456,89798,838030 Sep 17714,4395,08584,45011,09330 Jun 17695,1153,03382,44211,09331 Mar 17683,3292,83191,984031 Dec 16678,01815,15977,90310,45230 Sep 16683,04910,77278,24610,45230 Jun 16701,4688,94179,04010,45231 Mar 16716,99715,03792,576031 Dec 15726,05216,92679,34410,71130 Sep 15726,42724,47378,39310,711양질의 수익: NTN는 ¥9.2B 규모의 큰 일회성 손실이 있어 30th June, 2026까지 지난 12개월 재무 결과에 영향을 미쳤습니다.이익 마진 증가: NTN는 과거에 흑자전환했습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: NTN는 지난 5년 동안 흑자전환하며 연평균 -22.5%의 수익 성장을 기록했습니다.성장 가속화: NTN는 지난해 흑자전환하여 5년 평균과 수익 성장률을 비교하기 어렵습니다.수익 대 산업: NTN는 지난해 흑자전환하여 지난 해 수익 성장률을 Machinery 업계(2.6%)와 비교하기 어렵습니다.자기자본이익률높은 ROE: NTN의 자본 수익률(4.7%)은 낮음으로 평가됩니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YCapital-goods 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/08/10 20:15종가2026/08/07 00:00수익2026/06/30연간 수익2026/03/31데이터 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 모델의 세부 정보는 당사의 GitHub 페이지에서 확인하실 수 있습니다. 또한 보고서 사용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.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 소스NTN Corporation는 15명의 분석가가 다루고 있습니다. 이 중 3명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Tsutomu KijimaBarclaysHideyuki MizunoBofA Global ResearchHisanori ShimoiCitigroup Inc12명의 분석가 더 보기
Reported Earnings • Aug 04First quarter 2027 earnings released: EPS: JP¥3.24 (vs JP¥2.25 in 1Q 2026)First quarter 2027 results: EPS: JP¥3.24 (up from JP¥2.25 in 1Q 2026). Revenue: JP¥212.3b (up 6.7% from 1Q 2026). Net income: JP¥1.93b (up 62% from 1Q 2026). Profit margin: 0.9% (up from 0.6% in 1Q 2026). Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.
공고 • May 30NTN Corporation to Report Q1, 2027 Results on Aug 04, 2026NTN Corporation announced that they will report Q1, 2027 results on Aug 04, 2026
공고 • May 09NTN Corporation to Report Fiscal Year 2026 Results on May 14, 2026NTN Corporation announced that they will report fiscal year 2026 results on May 14, 2026
공고 • Nov 29NTN Corporation to Report Q3, 2026 Results on Feb 03, 2026NTN Corporation announced that they will report Q3, 2026 results on Feb 03, 2026
공고 • Sep 01NTN Corporation to Report Q2, 2026 Results on Oct 31, 2025NTN Corporation announced that they will report Q2, 2026 results on Oct 31, 2025
공고 • Jun 27NTN Corporation to Report Q1, 2026 Results on Aug 04, 2025NTN Corporation announced that they will report Q1, 2026 results on Aug 04, 2025
Reported Earnings • Aug 04First quarter 2027 earnings released: EPS: JP¥3.24 (vs JP¥2.25 in 1Q 2026)First quarter 2027 results: EPS: JP¥3.24 (up from JP¥2.25 in 1Q 2026). Revenue: JP¥212.3b (up 6.7% from 1Q 2026). Net income: JP¥1.93b (up 62% from 1Q 2026). Profit margin: 0.9% (up from 0.6% in 1Q 2026). Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.
Declared Dividend • Jul 26Final dividend of JP¥6.50 announcedShareholders will receive a dividend of JP¥6.50. Ex-date: 29th September 2026 Payment date: 1st December 2026 Dividend yield will be 330%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (47% earnings payout ratio) and cash flows (31% cash payout ratio). The dividend has increased by an average of 2.7% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 86% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Buy Or Sell Opportunity • Jun 26Now 21% undervaluedOver the last 90 days, the stock has risen 21% to €2.16. The fair value is estimated to be €2.72, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 1.7% per annum. Earnings are also forecast to grow by 24% per annum over the same time period.
Buy Or Sell Opportunity • Jun 04Now 21% undervaluedOver the last 90 days, the stock has risen 14% to €2.26. The fair value is estimated to be €2.86, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 4.6% in 2 years. Earnings are forecast to grow by 59% in the next 2 years.
Valuation Update With 7 Day Price Move • Jun 04Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €2.32, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 13x in the Machinery industry in Germany. Total returns to shareholders of 37% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €2.85 per share.
공고 • May 30NTN Corporation to Report Q1, 2027 Results on Aug 04, 2026NTN Corporation announced that they will report Q1, 2027 results on Aug 04, 2026
New Risk • May 24New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 8.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.8% average weekly change). Large one-off items impacting financial results.
Board Change • May 20High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Director Etsu Harima was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
공고 • May 14+ 1 more updateNTN Corporation (TSE:6472) signed a memorandum of understanding to acquire NSK Ltd. (TSE:6471).NTN Corporation (TSE:6472) signed a memorandum of understanding to acquire NSK Ltd. (TSE:6471) on May 12, 2026. The consideration consists of common equity of NTN Corporation to be issued for common equity of NSK Ltd. As part of consideration, an undisclosed value is paid towards common equity of NSK Ltd. The transaction is subject to approval of offer by acquirer shareholders and approval of offer by target shareholders. The expected completion of the transaction is October 1, 2027 to October 31, 2027.
공고 • May 09NTN Corporation to Report Fiscal Year 2026 Results on May 14, 2026NTN Corporation announced that they will report fiscal year 2026 results on May 14, 2026
공고 • Nov 29NTN Corporation to Report Q3, 2026 Results on Feb 03, 2026NTN Corporation announced that they will report Q3, 2026 results on Feb 03, 2026
공고 • Sep 01NTN Corporation to Report Q2, 2026 Results on Oct 31, 2025NTN Corporation announced that they will report Q2, 2026 results on Oct 31, 2025
공고 • Jun 27NTN Corporation to Report Q1, 2026 Results on Aug 04, 2025NTN Corporation announced that they will report Q1, 2026 results on Aug 04, 2025
공고 • May 15NTN Corporation, Annual General Meeting, Jun 25, 2025NTN Corporation, Annual General Meeting, Jun 25, 2025.
공고 • Mar 01NTN Corporation to Report Fiscal Year 2025 Results on May 14, 2025NTN Corporation announced that they will report fiscal year 2025 results on May 14, 2025
공고 • Nov 06NTN Corporation to Report Q3, 2025 Results on Feb 04, 2025NTN Corporation announced that they will report Q3, 2025 results on Feb 04, 2025
Reported Earnings • Nov 01Second quarter 2025 earnings released: JP¥4.33 loss per share (vs JP¥4.68 profit in 2Q 2024)Second quarter 2025 results: JP¥4.33 loss per share (down from JP¥4.68 profit in 2Q 2024). Revenue: JP¥203.1b (down 2.7% from 2Q 2024). Net loss: JP¥2.30b (down 192% from profit in 2Q 2024). Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 4.4% 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 8% per year, which means it is significantly lagging earnings.
공고 • Sep 27NTN Corporation to Report Q2, 2025 Results on Oct 31, 2024NTN Corporation announced that they will report Q2, 2025 results on Oct 31, 2024
Upcoming Dividend • Sep 20Upcoming dividend of JP¥5.50 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 58% and this is well supported by cash flows. Trailing yield: 4.2%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (3.5%).
New Risk • Aug 08New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.2% average weekly change). Profit margins are more than 30% lower than last year (1.1% net profit margin).
Reported Earnings • Aug 04First quarter 2025 earnings released: EPS: JP¥0.32 (vs JP¥3.09 in 1Q 2024)First quarter 2025 results: EPS: JP¥0.32 (down from JP¥3.09 in 1Q 2024). Revenue: JP¥210.8b (up 5.0% from 1Q 2024). Net income: JP¥170.0m (down 90% from 1Q 2024). Profit margin: 0.1% (down from 0.8% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
Declared Dividend • Jul 11Final dividend of JP¥5.50 announcedShareholders will receive a dividend of JP¥5.50. Ex-date: 27th September 2024 Payment date: 2nd December 2024 Dividend yield will be 307%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is covered by both earnings (50% earnings payout ratio) and cash flows (15% cash payout ratio). The dividend has increased by an average of 8.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 92% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • May 16Full year 2024 earnings released: EPS: JP¥19.90 (vs JP¥19.53 in FY 2023)Full year 2024 results: EPS: JP¥19.90 (up from JP¥19.53 in FY 2023). Revenue: JP¥836.3b (up 8.1% from FY 2023). Net income: JP¥10.6b (up 1.9% from FY 2023). Profit margin: 1.3% (in line with FY 2023). Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.
공고 • May 16NTN Corporation, Annual General Meeting, Jun 25, 2024NTN Corporation, Annual General Meeting, Jun 25, 2024.
Buy Or Sell Opportunity • Apr 26Now 21% undervaluedOver the last 90 days, the stock has risen 15% to €1.86. The fair value is estimated to be €2.36, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 6.8% in 2 years. Earnings are forecast to grow by 2.6% in the next 2 years.
Upcoming Dividend • Mar 21Upcoming dividend of JP¥5.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 28 June 2024. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of German dividend payers (4.9%). In line with average of industry peers (3.2%).
공고 • Mar 02NTN Corporation to Report Fiscal Year 2024 Results on May 14, 2024NTN Corporation announced that they will report fiscal year 2024 results on May 14, 2024
Reported Earnings • Feb 04Third quarter 2024 earnings released: EPS: JP¥6.70 (vs JP¥1.66 in 3Q 2023)Third quarter 2024 results: EPS: JP¥6.70 (up from JP¥1.66 in 3Q 2023). Revenue: JP¥210.9b (up 6.7% from 3Q 2023). Net income: JP¥3.56b (up 305% from 3Q 2023). Profit margin: 1.7% (up from 0.4% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 124% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.
공고 • Feb 02+ 1 more updateNTN Corporation Revises Consolidated Earning Guidance for the Fiscal Year Ending March 31, 2024NTN Corporation revised consolidated earning guidance for the fiscal year ending March 31, 2024. For the year, the company expects net sales of JPY 830,000 million, operating income of JPY 25,000 million, profit attributable to owners of parent of JPY 9,000 million and net income per share of JPY 16.95 against previous guidance of net sales of JPY 825,000 million, operating income of JPY 30,000 million, profit attributable to owners of parent of JPY 11,000 million and net income per share of JPY 20.72. Reasons for revision: The company expects that the net sales will exceed the previous forecast due to the impact of foreign exchange rates while the sales volume will decrease due to factors such as reduction in sales for industrial machinery market in addition to automotive market mainly in Japan, Europe and China, and effects of the earthquake which struck Noto Peninsula, Ishikawa, Japan. On the other hand, The company expects that operating income, ordinary income, and profit attributable to owners of parent will be below the previous forecast due to the significant impact of the decrease in sales volume, despite the impact of foreign exchange rates. The company assume that the exchange rate to be USD 1 = JPY 140 and EUR 1= JPY 155 from the first quarter.
공고 • Nov 27NTN Corporation to Report Q3, 2024 Results on Feb 02, 2024NTN Corporation announced that they will report Q3, 2024 results on Feb 02, 2024
Reported Earnings • Nov 02Second quarter 2024 earnings released: EPS: JP¥4.68 (vs JP¥1.61 in 2Q 2023)Second quarter 2024 results: EPS: JP¥4.68 (up from JP¥1.61 in 2Q 2023). Revenue: JP¥208.9b (up 4.9% from 2Q 2023). Net income: JP¥2.48b (up 191% from 2Q 2023). Profit margin: 1.2% (up from 0.4% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.5% 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 134% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
공고 • Nov 01NTN Corporation Announces Dividend for the Second Quarter and Provides Dividend Guidance for the Year End of Fiscal Year Ending March 31, 2024NTN Corporation announced dividend for the second quarter and provided dividend guidance for the year end of fiscal year ending March 31, 2024. For the second quarter, company announced dividend of JPY 5.00 per share against JPY 2.50 per share a year ago. Payment date is December 1, 2023. For the year end. the company expects dividend of JPY 5.00 per share against JPY 2.50 per share a year ago.
Upcoming Dividend • Sep 21Upcoming dividend of JP¥5.00 per share at 3.4% yieldEligible shareholders must have bought the stock before 28 September 2023. Payment date: 01 December 2023. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.8%).
공고 • Aug 27NTN Corporation to Report Q2, 2024 Results on Oct 31, 2023NTN Corporation announced that they will report Q2, 2024 results on Oct 31, 2023
Reported Earnings • Aug 03First quarter 2024 earnings released: EPS: JP¥3.09 (vs JP¥4.69 loss in 1Q 2023)First quarter 2024 results: EPS: JP¥3.09 (up from JP¥4.69 loss in 1Q 2023). Revenue: JP¥200.8b (up 16% from 1Q 2023). Net income: JP¥1.64b (up JP¥4.13b from 1Q 2023). Profit margin: 0.8% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 132% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.
공고 • May 31NTN Corporation to Report Q1, 2024 Results on Aug 02, 2023NTN Corporation announced that they will report Q1, 2024 results on Aug 02, 2023
Reported Earnings • May 17Full year 2023 earnings released: EPS: JP¥19.53 (vs JP¥13.83 in FY 2022)Full year 2023 results: EPS: JP¥19.53 (up from JP¥13.83 in FY 2022). Revenue: JP¥774.0b (up 21% from FY 2022). Net income: JP¥10.4b (up 41% from FY 2022). Profit margin: 1.3% (up from 1.1% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 121% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • May 16Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to €1.93, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 12x in the Machinery industry in Germany. Total returns to shareholders of 9.7% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €3.36 per share.
공고 • May 13+ 2 more updatesNTN Corporation, Annual General Meeting, Jun 27, 2023NTN Corporation, Annual General Meeting, Jun 27, 2023.
Valuation Update With 7 Day Price Move • Feb 09Investor sentiment improves as stock rises 18%After last week's 18% share price gain to €2.16, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 14x in the Machinery industry in Germany. Total loss to shareholders of 13% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €3.64 per share.
Reported Earnings • Feb 03Third quarter 2023 earnings released: EPS: JP¥1.66 (vs JP¥0.87 loss in 3Q 2022)Third quarter 2023 results: EPS: JP¥1.66 (up from JP¥0.87 loss in 3Q 2022). Revenue: JP¥197.7b (up 22% from 3Q 2022). Net income: JP¥879.0m (up JP¥1.34b from 3Q 2022). Profit margin: 0.4% (up from net loss in 3Q 2022). Revenue is forecast to grow 4.2% 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 101% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.
공고 • Feb 03+ 1 more updateNTN Corporation Provides Earnings Guidance for the Year Ending March 31, 2023NTN Corporation provided consolidated earnings guidance for the year ending March 31, 2023. For the period, the company expects net sales of JPY 770,000 million, operating income of JPY 26,000 million, profit attributable to owners of parent of JPY 12,000 million and net income per share of JPY 22.60.
공고 • Nov 27NTN Corporation to Report Q3, 2023 Results on Feb 02, 2023NTN Corporation announced that they will report Q3, 2023 results on Feb 02, 2023
Board Change • Nov 16High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Director, Exe. Officer and In charge of European & African, ESG, Legal, Trade, IC & General Affairs Masaaki Yamamoto was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Valuation Update With 7 Day Price Move • Nov 07Investor sentiment improved over the past weekAfter last week's 15% share price gain to €2.06, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Machinery industry in Germany. Total loss to shareholders of 30% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €2.81 per share.
Reported Earnings • Nov 02Second quarter 2023 earnings released: EPS: JP¥1.61 (vs JP¥4.20 loss in 2Q 2022)Second quarter 2023 results: EPS: JP¥1.61 (up from JP¥4.20 loss in 2Q 2022). Revenue: JP¥199.1b (up 34% from 2Q 2022). Net income: JP¥854.0m (up JP¥3.09b from 2Q 2022). Profit margin: 0.4% (up from net loss in 2Q 2022). Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.
공고 • Nov 01+ 1 more updateNTN Corporation Announces Dividend for the Second Quarter of Fiscal Year Ending March 31, 2023, Payable on December 1, 2022, and Provides Dividend Guidance for the Year Ending March 31, 2023NTN Corporation announced dividend for the second quarter of fiscal year ending March 31, 2023. For the Quarter End, Company announced dividend of JPY 2.50 per share against JPY 0.00 per share a year ago. Payment date is December 1, 2022. Company provided dividend guidance for the year ending March 31, 2023. For the period, the company expects dividend of JPY 2.50 per share against JPY 0.00 per share a year ago.
공고 • Aug 04NTN Corporation to Report Q2, 2023 Results on Oct 31, 2022NTN Corporation announced that they will report Q2, 2023 results on Oct 31, 2022
Reported Earnings • Aug 03First quarter 2023 earnings released: JP¥4.69 loss per share (vs JP¥2.23 profit in 1Q 2022)First quarter 2023 results: JP¥4.69 loss per share (down from JP¥2.23 profit in 1Q 2022). Revenue: JP¥172.6b (up 10% from 1Q 2022). Net loss: JP¥2.49b (down 310% from profit in 1Q 2022). Over the next year, revenue is forecast to grow 9.8%, compared to a 9.6% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.
공고 • Aug 03NTN Corporation Provides Consolidated Earnings Guidance for the First Half and Full Year for the Year Ending March 31, 2023NTN Corporation provided consolidated earnings guidance for the first half and full year for the year ending March 31, 2023. For the first half, company expects net sales to be JPY 350,000 million, operating income to be JPY 1,000 million, loss attributable to owners of parent to be JPY 3,500 million and net loss per share to be JPY 6.59.For the full year, company expects net sales to be JPY 720,000 million, operating income to be JPY 23,000 million, profit attributable to owners of parent to be JPY 10,000 million and net income per share to be JPY 18.84.
Reported Earnings • Jun 26Full year 2022 earnings releasedFull year 2022 results: Revenue: JP¥642.0b (up 14% from FY 2021). Net income: JP¥7.34b (up JP¥19.0b from FY 2021). Profit margin: 1.1% (up from net loss in FY 2021). Over the next year, revenue is forecast to grow 11%, compared to a 10% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.
공고 • May 29NTN Corporation to Report Q1, 2023 Results on Jul 29, 2022NTN Corporation announced that they will report Q1, 2023 results on Jul 29, 2022
Valuation Update With 7 Day Price Move • May 21Investor sentiment improved over the past weekAfter last week's 19% share price gain to €1.90, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 12x in the Machinery industry in Germany. Total loss to shareholders of 18% over the past three years.
Reported Earnings • May 15Full year 2022 earnings released: EPS: JP¥13.83 (vs JP¥21.92 loss in FY 2021)Full year 2022 results: EPS: JP¥13.83 (up from JP¥21.92 loss in FY 2021). Revenue: JP¥642.0b (up 14% from FY 2021). Net income: JP¥7.34b (up JP¥19.0b from FY 2021). Profit margin: 1.1% (up from net loss in FY 2021). Over the next year, revenue is forecast to grow 7.9%, compared to a 11% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.
공고 • May 14+ 2 more updatesNTN Corporation Announces Unaudited Consolidated Earnings Results for the Year Ending March 31, 2023NTN Corporation announced unaudited consolidated earnings results for the year ending March 31, 2023. For the full year ending March 31, 2023, the company expects consolidated net sales of JPY 720,000 million, operating income of JPY 23,000 million, net income attributable to shareholder of the parent company of JPY 10,000 million and net income per share of JPY 18.84.
Board Change • Apr 27Less than half of directors are independentThere are 8 new directors who have joined the board in the last 3 years. Of these new board members, 4 were independent directors. The company's board is composed of: 5 independent directors. 6 non-independent directors. Independent Outside Director Tomonori Nishimura was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
공고 • Apr 08NTN Corporation to Report Fiscal Year 2022 Results on May 13, 2022NTN Corporation announced that they will report fiscal year 2022 results on May 13, 2022
Reported Earnings • Feb 02Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beatThird quarter 2022 results: JP¥0.87 loss per share (down from JP¥2.13 profit in 3Q 2021). Revenue: JP¥162.3b (up 1.2% from 3Q 2021). Net loss: JP¥460.0m (down 141% from profit in 3Q 2021). Revenue exceeded analyst estimates by 1.1%. Over the next year, revenue is forecast to grow 8.3%, compared to a 10.0% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings.
Reported Earnings • Oct 30Second quarter 2022 earnings released: JP¥4.20 loss per share (vs JP¥4.31 loss in 2Q 2021)The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2022 results: Revenue: JP¥149.2b (up 1.3% from 2Q 2021). Net loss: JP¥2.23b (loss narrowed 2.4% from 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings.
Reported Earnings • Aug 02First quarter 2022 earnings released: EPS JP¥2.23 (vs JP¥22.83 loss in 1Q 2021)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥156.6b (up 70% from 1Q 2021). Net income: JP¥1.18b (up JP¥13.3b from 1Q 2021). Profit margin: 0.8% (up from net loss in 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance.
Reported Earnings • May 17Full year 2021 earnings released: JP¥21.92 loss per share (vs JP¥82.83 loss in FY 2020)The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2021 results: Revenue: JP¥562.8b (down 14% from FY 2020). Net loss: JP¥11.6b (loss narrowed 74% from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance.
공고 • Mar 04NTN Corporation to Report Fiscal Year 2021 Results on May 14, 2021NTN Corporation announced that they will report fiscal year 2021 results on May 14, 2021
Is New 90 Day High Low • Feb 18New 90-day high: €2.52The company is up 40% from its price of €1.80 on 19 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €11.17 per share.
Reported Earnings • Jan 30Third quarter 2021 earnings released: EPS JP¥2.13 (vs JP¥4.26 loss in 3Q 2020)The company reported a decent third quarter result with improved earnings and profit margins, although revenues were flat. Third quarter 2021 results: Revenue: JP¥160.3b (flat on 3Q 2020). Net income: JP¥1.13b (up JP¥3.39b from 3Q 2020). Profit margin: 0.7% (up from net loss in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 93 percentage points per year, which is a significant difference in performance.
Analyst Estimate Surprise Post Earnings • Jan 30Revenue beats expectationsRevenue exceeded analyst estimates by 4.1%. Over the next year, revenue is forecast to grow 10%, compared to a 4.9% growth forecast for the Machinery industry in Germany.
Is New 90 Day High Low • Jan 21New 90-day high: €2.18The company is up 27% from its price of €1.71 on 23 October 2020. The German market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €6.28 per share.
Is New 90 Day High Low • Dec 04New 90-day high: €1.92The company is up 19% from its price of €1.61 on 04 September 2020. The German market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also 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 €5.41 per share.
공고 • Nov 29NTN Corporation to Report Q3, 2021 Results on Jan 28, 2021NTN Corporation announced that they will report Q3, 2021 results on Jan 28, 2021
Is New 90 Day High Low • Nov 16New 90-day high: €1.86The company is up 16% from its price of €1.61 on 18 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also 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 €4.47 per share.
Reported Earnings • Nov 07Second quarter 2021 earnings released: JP¥4.31 loss per shareThe company reported a poor second quarter result with increased losses and weaker revenues and control over expenses. Second quarter 2021 results: Revenue: JP¥147.3b (down 9.5% from 2Q 2020). Net loss: JP¥2.29b (loss widened 81% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 112% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings.
Analyst Estimate Surprise Post Earnings • Nov 07Revenue misses expectationsRevenue missed analyst estimates by 28%. Over the next year, revenue is forecast to grow 4.5% while the growth in Machinery industry in Germany is expected to stay flat.
Reported Earnings • Nov 01First half earnings releasedOver the last 12 months the company has reported total losses of JP¥59.5b, with losses widening by 325% from the prior year. Total revenue was JP¥556.2b over the last 12 months, down 20% from the prior year.
Analyst Estimate Surprise Post Earnings • Nov 01Semi-annual earnings released: Revenue misses expectationsSemi-annual revenue missed analyst estimates by 28% at JP¥239.2b. Revenue is forecast to grow 4.1% over the next year, while the growth in Machinery industry in Germany is expected to stay flat.
공고 • Aug 30NTN Corporation to Report Q2, 2021 Results on Oct 30, 2020NTN Corporation announced that they will report Q2, 2021 results on Oct 30, 2020