View ValuationSMC 향후 성장Future 기준 점검 1/6SMC (는) 각각 연간 6% 및 5.8% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 6.4% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 8.9% 로 예상됩니다.핵심 정보6.0%이익 성장률6.43%EPS 성장률Machinery 이익 성장24.8%매출 성장률5.8%향후 자기자본이익률8.91%애널리스트 커버리지Good마지막 업데이트20 May 2026최근 향후 성장 업데이트공시 • Feb 13Smc Corporation Provides Consolidated Earnings Guidance Fiscal Year Ending March 31, 2026SMC Corporation provided consolidated earnings guidance fiscal year ending March 31, 2026. For the year, the company expects Net Sales of JPY 816,000 million, Operating Profit of JPY 183,000 million, Profit attributable to owners of parent of JPY 153,000 million and basic earnings per share of JPY 2,406.70.공시 • Nov 14+ 2 more updatesSMC Corporation Revises Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2023SMC Corporation revised consolidated earnings guidance for the fiscal year ending March 31, 2023. For the year, the company expects net sales to be JPY 824,000 million against previous guidance of JPY 805,000 million. Operating profit to be JPY 248,500 million against previous guidance of JPY 255,000 million. Profit attributable to owners of parent to be JPY 220,000 million against previous guidance of JPY 188,000 million. Net income per share to be JPY 3,366.98 against previous guidance of JPY 2,877.24.공시 • Feb 15+ 2 more updatesSMC Corporation Revises Consolidated Earnings Guidance for the Full Year Ending March 31, 2022SMC Corporation revised consolidated earnings guidance for the full year ending March 31, 2022. For the year, the company expected net sales of ¥715,000 million compared to previous guidance of ¥700,000 million, operating profit of ¥228,000 million compared to previous guidance of ¥218,000 million, profit attributable to owners of parent of ¥175,000 million or ¥2,648.50 per share compared to previous guidance of ¥163,000 million or ¥2,466.89 per share.모든 업데이트 보기Recent updatesValuation Update With 7 Day Price Move • May 21Investor sentiment deteriorates as stock falls 24%After last week's 24% share price decline to €347, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 13x in the Machinery industry in Germany. Total loss to shareholders of 25% over the past three years.Board Change • May 21Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 8 non-independent directors. Independent Outside Director Kyoichi Miyazaki 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.공시 • May 14+ 1 more updateSMC Corporation, Annual General Meeting, Jun 26, 2026SMC Corporation, Annual General Meeting, Jun 26, 2026.공시 • May 09SMC Corporation to Report Fiscal Year 2026 Results on May 14, 2026SMC Corporation announced that they will report fiscal year 2026 results at 3:00 PM, Tokyo Standard Time on May 14, 2026공시 • Feb 13Smc Corporation Provides Consolidated Earnings Guidance Fiscal Year Ending March 31, 2026SMC Corporation provided consolidated earnings guidance fiscal year ending March 31, 2026. For the year, the company expects Net Sales of JPY 816,000 million, Operating Profit of JPY 183,000 million, Profit attributable to owners of parent of JPY 153,000 million and basic earnings per share of JPY 2,406.70.공시 • Aug 07+ 1 more updateSMC Corporation to Report Q3, 2026 Results on Feb 12, 2026SMC Corporation announced that they will report Q3, 2026 results on Feb 12, 2026공시 • Jun 06SMC Corporation to Report Q1, 2026 Results on Aug 08, 2025SMC Corporation announced that they will report Q1, 2026 results on Aug 08, 2025공시 • May 15SMC Corporation (TSE:6273) announces an Equity Buyback for 750,000 shares, representing 1.18% for ¥30,000 million.SMC Corporation (TSE:6273) announces a share repurchase program. Under the program, the company will repurchase up to 750,000 common shares, representing 1.18% of its issued share capital, for ¥30,000 million. The purpose of the program is to enhance returns to shareholders, and improve capital efficiency. The share repurchase program will run until March 24, 2026. As of April 30, 2025, the company had 63,745,025 shares outstanding (excluding treasury shares) and 3,624,334 shares in treasury.공시 • May 14SMC Corporation, Annual General Meeting, Jun 27, 2025SMC Corporation, Annual General Meeting, Jun 27, 2025.공시 • Mar 15SMC Corporation to Report Fiscal Year 2025 Results on May 14, 2025SMC Corporation announced that they will report fiscal year 2025 results on May 14, 2025공시 • Dec 20SMC Corporation to Report Q3, 2025 Results on Feb 14, 2025SMC Corporation announced that they will report Q3, 2025 results on Feb 14, 2025Reported Earnings • Nov 17Second quarter 2025 earnings released: EPS: JP¥460 (vs JP¥660 in 2Q 2024)Second quarter 2025 results: EPS: JP¥460 (down from JP¥660 in 2Q 2024). Revenue: JP¥192.3b (down 1.2% from 2Q 2024). Net income: JP¥29.5b (down 31% from 2Q 2024). Profit margin: 15% (down from 22% in 2Q 2024). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 12% per year, which means it is performing significantly worse than earnings.Buy Or Sell Opportunity • Oct 29Now 20% overvaluedOver the last 90 days, the stock has fallen 15% to €390. The fair value is estimated to be €325, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.7% over the last 3 years. Earnings per share has grown by 3.2%. For the next 3 years, revenue is forecast to grow by 6.3% per annum. Earnings are also forecast to grow by 7.3% per annum over the same time period.Buy Or Sell Opportunity • Sep 26Now 20% overvaluedOver the last 90 days, the stock has fallen 8.2% to €402. The fair value is estimated to be €335, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.7% over the last 3 years. Earnings per share has grown by 3.2%. For the next 3 years, revenue is forecast to grow by 6.2% per annum. Earnings are also forecast to grow by 7.2% per annum over the same time period.Upcoming Dividend • Sep 20Upcoming dividend of JP¥500 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 35% but the company is not cash flow positive. Trailing yield: 1.7%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (3.6%).공시 • Sep 06SMC Corporation to Report Q2, 2025 Results on Nov 14, 2024SMC Corporation announced that they will report Q2, 2025 results on Nov 14, 2024Reported Earnings • Aug 12First quarter 2025 earnings released: EPS: JP¥759 (vs JP¥808 in 1Q 2024)First quarter 2025 results: EPS: JP¥759 (down from JP¥808 in 1Q 2024). Revenue: JP¥202.8b (up 1.9% from 1Q 2024). Net income: JP¥48.7b (down 6.6% from 1Q 2024). Profit margin: 24% (down from 26% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.4% 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 3% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.Declared Dividend • Jul 11Final dividend of JP¥500 announcedShareholders will receive a dividend of JP¥500. Ex-date: 27th September 2024 Payment date: 2nd December 2024 Dividend yield will be 106%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is covered by earnings (34% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 20% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 25% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공시 • Jun 14SMC Corporation to Report Q1, 2025 Results on Aug 09, 2024SMC Corporation announced that they will report Q1, 2025 results on Aug 09, 2024Reported Earnings • May 19Full year 2024 earnings released: EPS: JP¥2,767 (vs JP¥3,445 in FY 2023)Full year 2024 results: EPS: JP¥2,767 (down from JP¥3,445 in FY 2023). Revenue: JP¥776.9b (down 5.8% from FY 2023). Net income: JP¥178.3b (down 21% from FY 2023). Profit margin: 23% (down from 27% in FY 2023). Revenue is forecast to grow 7.6% 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 10% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.공시 • May 16SMC Corporation, Annual General Meeting, Jun 27, 2024SMC Corporation, Annual General Meeting, Jun 27, 2024.공시 • May 15Smc Corporation Expects to Pay Dividend At the End of Year Ending March 31, 2025SMC Corporation expected to pay a dividend of ¥500.00 at the end of fiscal Year ending March 31, 2025 against ¥500.00 paid a year ago.Upcoming Dividend • Mar 21Upcoming dividend of JP¥450 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 46% but the company is paying out more than the cash it is generating. Trailing yield: 1.0%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (3.2%).공시 • Mar 15SMC Corporation to Report Fiscal Year 2024 Results on May 14, 2024SMC Corporation announced that they will report fiscal year 2024 results on May 14, 2024Reported Earnings • Feb 14Third quarter 2024 earnings released: EPS: JP¥660 (vs JP¥623 in 3Q 2023)Third quarter 2024 results: EPS: JP¥660 (up from JP¥623 in 3Q 2023). Revenue: JP¥189.1b (down 8.2% from 3Q 2023). Net income: JP¥42.6b (up 4.6% from 3Q 2023). Profit margin: 23% (up from 20% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 7.0% p.a. on average during the next 3 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 17% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Jan 15Investor sentiment improves as stock rises 15%After last week's 15% share price gain to €530, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 11x in the Machinery industry in Germany. Total returns to shareholders of 4.7% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €362 per share.공시 • Dec 22SMC Corporation to Report Q3, 2024 Results on Feb 13, 2024SMC Corporation announced that they will report Q3, 2024 results on Feb 13, 2024Reported Earnings • Nov 17Second quarter 2024 earnings released: EPS: JP¥660 (vs JP¥882 in 2Q 2023)Second quarter 2024 results: EPS: JP¥660 (down from JP¥882 in 2Q 2023). Revenue: JP¥194.6b (down 7.4% from 2Q 2023). Net income: JP¥42.6b (down 26% from 2Q 2023). Profit margin: 22% (down from 27% in 2Q 2023). Revenue is forecast to grow 6.2% 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 23% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.공시 • Nov 17SMC Corporation (TSE:6273) announces an Equity Buyback for 450,000 shares, representing 0.7% for ¥35,000 million.SMC Corporation (TSE:6273) announces a share repurchase program. Under the program, the company will repurchase up to 450,000 shares, representing 0.7% of its share capital, for ¥35,000 million. The purpose of the program is to enhance shareholder returns and improve capital efficiency. The share repurchase program will run until March 22, 2024. As of November 14, 2023, the company had 64,503,109 shares outstanding (excluding treasury shares) and 2,866,250 shares in treasury.공시 • Sep 27SMC Corporation to Report Q2, 2024 Results on Nov 14, 2023SMC Corporation announced that they will report Q2, 2024 results on Nov 14, 2023Upcoming Dividend • Sep 21Upcoming dividend of JP¥450 per share at 1.3% yieldEligible shareholders must have bought the stock before 28 September 2023. Payment date: 01 December 2023. Payout ratio is a comfortable 29% but the company is paying out more than the cash it is generating. Trailing yield: 1.3%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (2.8%).Reported Earnings • Aug 10First quarter 2024 earnings released: EPS: JP¥808 (vs JP¥1,154 in 1Q 2023)First quarter 2024 results: EPS: JP¥808 (down from JP¥1,154 in 1Q 2023). Revenue: JP¥199.0b (down 5.9% from 1Q 2023). Net income: JP¥52.1b (down 31% from 1Q 2023). Profit margin: 26% (down from 36% in 1Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.공시 • Jun 26SMC Corporation to Report Q1, 2024 Results on Aug 09, 2023SMC Corporation announced that they will report Q1, 2024 results on Aug 09, 2023Reported Earnings • May 18Full year 2023 earnings released: EPS: JP¥3,445 (vs JP¥2,924 in FY 2022)Full year 2023 results: EPS: JP¥3,445 (up from JP¥2,924 in FY 2022). Revenue: JP¥824.8b (up 13% from FY 2022). Net income: JP¥224.6b (up 16% from FY 2022). Profit margin: 27% (in line with FY 2022). Revenue is forecast to grow 4.8% 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 32% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.공시 • May 17SMC Corporation, Annual General Meeting, Jun 29, 2023SMC Corporation, Annual General Meeting, Jun 29, 2023.Upcoming Dividend • Mar 23Upcoming dividend of JP¥450 per share at 1.3% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (2.9%).Reported Earnings • Feb 15Third quarter 2023 earnings released: EPS: JP¥623 (vs JP¥738 in 3Q 2022)Third quarter 2023 results: EPS: JP¥623 (down from JP¥738 in 3Q 2022). Revenue: JP¥205.9b (up 12% from 3Q 2022). Net income: JP¥40.7b (down 17% from 3Q 2022). Profit margin: 20% (down from 27% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.0% 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 33% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.공시 • Feb 14+ 1 more updateSMC Corporation Provides Dividend Guidance for the Second Half of 2023SMC Corporation provided dividend guidance for the second half of 2023. For the period, the company expected dividend of JPY 450 per share compared to JPY 450 per share paid a year ago.공시 • Dec 07SMC Corporation to Report Q3, 2023 Results on Feb 14, 2023SMC Corporation announced that they will report Q3, 2023 results on Feb 14, 2023Reported Earnings • Nov 16Second quarter 2023 earnings released: EPS: JP¥882 (vs JP¥671 in 2Q 2022)Second quarter 2023 results: EPS: JP¥882 (up from JP¥671 in 2Q 2022). Revenue: JP¥210.2b (up 20% from 2Q 2022). Net income: JP¥57.7b (up 30% from 2Q 2022). Profit margin: 27% (up from 25% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Machinery 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 only increased by 3% per year, which means it is significantly lagging earnings growth.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 8 non-independent directors. Independent Outside Director Toshiharu Kagawa was the last independent director to join the board, commencing their role in 2015. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.공시 • Nov 14+ 2 more updatesSMC Corporation Revises Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2023SMC Corporation revised consolidated earnings guidance for the fiscal year ending March 31, 2023. For the year, the company expects net sales to be JPY 824,000 million against previous guidance of JPY 805,000 million. Operating profit to be JPY 248,500 million against previous guidance of JPY 255,000 million. Profit attributable to owners of parent to be JPY 220,000 million against previous guidance of JPY 188,000 million. Net income per share to be JPY 3,366.98 against previous guidance of JPY 2,877.24.공시 • Sep 29SMC Corporation to Report Q2, 2023 Results on Nov 14, 2022SMC Corporation announced that they will report Q2, 2023 results on Nov 14, 2022Upcoming Dividend • Sep 22Upcoming dividend of JP¥450 per shareEligible shareholders must have bought the stock before 29 September 2022. Payment date: 01 December 2022. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (3.2%).Reported Earnings • Aug 12First quarter 2023 earnings released: EPS: JP¥1,154 (vs JP¥696 in 1Q 2022)First quarter 2023 results: EPS: JP¥1,154 (up from JP¥696 in 1Q 2022). Revenue: JP¥211.4b (up 16% from 1Q 2022). Net income: JP¥75.4b (up 64% from 1Q 2022). Profit margin: 36% (up from 25% in 1Q 2022). Over the next year, revenue is forecast to grow 8.9%, 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 27% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.Buying Opportunity • Jul 06Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 16%. The fair value is estimated to be €507, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.1% over the last 3 years. Earnings per share has grown by 16%. For the next 3 years, revenue is forecast to grow by 5.4% per annum. Earnings is also forecast to grow by 3.6% per annum over the same time period.공시 • Jun 12SMC Corporation to Report Q1, 2023 Results on Aug 10, 2022SMC Corporation announced that they will report Q1, 2023 results on Aug 10, 2022Reported Earnings • May 16Full year 2022 earnings released: EPS: JP¥2,924 (vs JP¥1,832 in FY 2021)Full year 2022 results: EPS: JP¥2,924 (up from JP¥1,832 in FY 2021). Revenue: JP¥727.4b (up 32% from FY 2021). Net income: JP¥193.0b (up 59% from FY 2021). Profit margin: 27% (up from 22% in FY 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 7.4%, compared to a 11% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 14% per year.공시 • May 14+ 2 more updatesSMC Corporation Provides Dividend Guidance for the Full Year Ending March 31, 2023SMC Corporation provided dividend guidance for the full year ending March 31, 2023. For the quarter, the company expects dividend of JPY 450.00 per share.Board Change • Apr 27Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Outside Director Toshiharu Kagawa was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.공시 • Apr 08SMC Corporation to Report Fiscal Year 2022 Results on May 13, 2022SMC Corporation announced that they will report fiscal year 2022 results on May 13, 2022Upcoming Dividend • Mar 23Upcoming dividend of JP¥400 per shareEligible shareholders must have bought the stock before 30 March 2022. Payment date: 30 June 2022. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of German dividend payers (3.6%). Lower than average of industry peers (1.9%).Reported Earnings • Feb 16Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beatThird quarter 2022 results: EPS: JP¥738 (up from JP¥469 in 3Q 2021). Revenue: JP¥183.7b (up 31% from 3Q 2021). Net income: JP¥48.8b (up 56% from 3Q 2021). Profit margin: 27% (up from 22% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 8.0%. Over the next year, revenue is forecast to grow 7.6%, compared to a 11% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth.공시 • Feb 15+ 2 more updatesSMC Corporation Revises Consolidated Earnings Guidance for the Full Year Ending March 31, 2022SMC Corporation revised consolidated earnings guidance for the full year ending March 31, 2022. For the year, the company expected net sales of ¥715,000 million compared to previous guidance of ¥700,000 million, operating profit of ¥228,000 million compared to previous guidance of ¥218,000 million, profit attributable to owners of parent of ¥175,000 million or ¥2,648.50 per share compared to previous guidance of ¥163,000 million or ¥2,466.89 per share.Reported Earnings • Nov 14Second quarter 2022 earnings released: EPS JP¥671 (vs JP¥347 in 2Q 2021)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥175.9b (up 42% from 2Q 2021). Net income: JP¥44.3b (up 92% from 2Q 2021). Profit margin: 25% (up from 19% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Sep 22Upcoming dividend of JP¥300 per shareEligible shareholders must have bought the stock before 29 September 2021. Payment date: 01 December 2021. Trailing yield: 0.8%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (1.0%).Reported Earnings • Aug 14First quarter 2022 earnings released: EPS JP¥696 (vs JP¥349 in 1Q 2021)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥182.8b (up 43% from 1Q 2021). Net income: JP¥46.0b (up 98% from 1Q 2021). Profit margin: 25% (up from 18% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings.Reported Earnings • May 17Full year 2021 earnings released: EPS JP¥1,832 (vs JP¥1,656 in FY 2020)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥552.2b (up 5.0% from FY 2020). Net income: JP¥121.8b (up 10% from FY 2020). Profit margin: 22% (up from 21% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings.Is New 90 Day High Low • Mar 11New 90-day low: €452The company is down 12% from its price of €515 on 11 December 2020. The German market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €262 per share.공시 • Feb 13SMC Corporation Announces Executives ChangesSMC Corporation announced appointment of Yoshiki Takada as President in place of Katsunori Maruyama.Reported Earnings • Feb 13Third quarter 2021 earnings released: EPS JP¥469 (vs JP¥437 in 3Q 2020)The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: JP¥139.9b (up 6.4% from 3Q 2020). Net income: JP¥31.2b (up 7.4% from 3Q 2020). Profit margin: 22% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.Analyst Estimate Surprise Post Earnings • Feb 13Revenue beats expectationsRevenue exceeded analyst estimates by 6.7%. Over the next year, revenue is forecast to grow 9.3%, compared to a 5.0% growth forecast for the Machinery industry in Germany.공시 • Feb 13SMC Corporation Announces Executive ChangesSMC Corporation announced appointment of Yoshiki Takada as Representative Director in place of Katsunori Maruyama. The new positions of Katsunori Maruyama are Director and Senior Advisor.Is New 90 Day High Low • Jan 15New 90-day high: €535The company is up 15% from its price of €466 on 16 October 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 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €275 per share.공시 • Dec 24SBS Holdings, Inc. (TSE:2384) agreed to acquire Toyo Warehouse & Transportation Co., Ltd from SMC Corporation (TSE:6273) for ¥7.2 billion.SBS Holdings, Inc. (TSE:2384) entered into a share transfer agreement to acquire Toyo Warehouse & Transportation Co., Ltd from SMC Corporation (TSE:6273) for ¥7.2 billion on December 24, 2020. As per the transaction, SBS Holdings, Inc. will acquire 0.38 million shares of Toyo Warehouse & Transportation Co., Ltd. Upon completion, Toyo Warehouse & Transportation Co., Ltd will no longer be a consolidated subsidiary of SMC. Toyo Warehouse & Transportation Co., Ltd reported total assets of ¥7.6 billion, net assets of ¥5.9 billion, revenue of ¥2.4 billion, operating profit of ¥220 million and net income of ¥156 million. The transaction is expected to be completed by January 29, 2021. SMC Corporation expect to record gain on sales of shares of subsidiary in the 4th quarter of the fiscal year ending March 31, 2021.공시 • Dec 19SMC Corporation to Report Q3, 2021 Results on Feb 12, 2021SMC Corporation announced that they will report Q3, 2021 results on Feb 12, 2021Analyst Estimate Surprise Post Earnings • Nov 14Revenue beats expectationsRevenue exceeded analyst estimates by 0.8%. Over the next year, revenue is forecast to grow 5.8%, compared to a 2.5% growth forecast for the Machinery industry in Germany.Reported Earnings • Nov 14Second quarter 2021 earnings released: EPS JP¥347The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥123.9b (down 4.1% from 2Q 2020). Net income: JP¥23.1b (down 13% from 2Q 2020). Profit margin: 19% (down from 21% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.Is New 90 Day High Low • Nov 12New 90-day high: €505The company is up 10.0% from its price of €460 on 14 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 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €252 per share.공시 • Sep 13SMC Corporation to Report Q2, 2021 Results on Nov 13, 2020SMC Corporation announced that they will report Q2, 2021 results on Nov 13, 2020공시 • Jun 21SMC Corporation to Report Q1, 2021 Results on Aug 07, 2020SMC Corporation announced that they will report Q1, 2021 results on Aug 07, 2020이익 및 매출 성장 예측DB:QMC - 애널리스트 향후 추정치 및 과거 재무 데이터 (JPY Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수3/31/20291,047,908207,918187,429249,89383/31/20281,016,085197,300160,147225,722153/31/2027958,879181,561118,435256,550143/31/2026842,541167,30234,532188,917N/A12/31/2025811,581157,587N/AN/AN/A9/30/2025797,319157,34072,294217,321N/A6/30/2025789,507142,280N/AN/AN/A3/31/2025792,108156,34488,854196,656N/A12/31/2024784,714161,399N/AN/AN/A9/30/2024778,383161,77521,608135,625N/A6/30/2024780,684174,878N/AN/AN/A3/31/2024776,873178,321-6,10198,207N/A12/31/2023779,916188,147N/AN/AN/A9/30/2023796,794186,29033,16099,569N/A6/30/2023812,383201,354N/AN/AN/A3/31/2023824,772224,60927,240101,617N/A12/31/2022812,434227,738N/AN/AN/A9/30/2022790,235235,77666,188135,605N/A6/30/2022755,982222,431N/AN/AN/A3/31/2022727,397192,99175,162156,093N/A12/31/2021702,725183,322N/AN/AN/A9/30/2021658,876165,77877,752147,691N/A6/30/2021606,900144,545N/AN/AN/A3/31/2021552,178121,79091,176120,473N/A12/31/2020521,956105,331N/AN/AN/A9/30/2020513,523103,17878,288109,144N/A6/30/2020518,797106,673N/AN/AN/A3/31/2020526,000110,50085,631124,610N/A12/31/2019528,686104,631N/AN/AN/A9/30/2019538,956108,220N/A129,668N/A6/30/2019555,061115,829N/AN/AN/A3/31/2019576,948130,631N/A75,627N/A12/31/2018596,206131,534N/AN/AN/A9/30/2018602,124138,877N/A88,084N/A6/30/2018601,490142,515N/AN/AN/A3/31/2018591,035136,869N/A154,315N/A12/31/2017575,650138,681N/AN/AN/A9/30/2017549,137141,247N/A144,132N/A6/30/2017516,595124,435N/AN/AN/A3/31/2017487,625113,095N/A120,949N/A12/31/2016467,343101,926N/AN/AN/A9/30/2016462,58284,076N/A102,516N/A6/30/2016468,78286,307N/AN/AN/A3/31/2016475,60892,138N/A102,006N/A12/31/2015477,982103,551N/AN/AN/A9/30/2015478,334110,662N/A124,276N/A6/30/2015471,307115,661N/AN/AN/A더 보기애널리스트 향후 성장 전망수입 대 저축률: QMC 의 연간 예상 수익 증가율(6%)이 saving rate(1.9%)보다 높습니다.수익 vs 시장: QMC 의 연간 수익(6%)이 German 시장(17.1%)보다 느리게 성장할 것으로 예상됩니다.고성장 수익: QMC 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.수익 대 시장: QMC 의 수익(연간 5.8%)이 German 시장(연간 6.8%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: QMC 의 수익(연간 5.8%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: QMC의 자본 수익률은 3년 후 8.9%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YCapital-goods 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/24 18:45종가2026/05/22 00:00수익2026/03/31연간 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 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 소스SMC Corporation는 23명의 분석가가 다루고 있습니다. 이 중 15명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Tsutomu KijimaBarclaysJay HuangBernsteinKenjin HottaBofA Global Research20명의 분석가 더 보기
공시 • Feb 13Smc Corporation Provides Consolidated Earnings Guidance Fiscal Year Ending March 31, 2026SMC Corporation provided consolidated earnings guidance fiscal year ending March 31, 2026. For the year, the company expects Net Sales of JPY 816,000 million, Operating Profit of JPY 183,000 million, Profit attributable to owners of parent of JPY 153,000 million and basic earnings per share of JPY 2,406.70.
공시 • Nov 14+ 2 more updatesSMC Corporation Revises Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2023SMC Corporation revised consolidated earnings guidance for the fiscal year ending March 31, 2023. For the year, the company expects net sales to be JPY 824,000 million against previous guidance of JPY 805,000 million. Operating profit to be JPY 248,500 million against previous guidance of JPY 255,000 million. Profit attributable to owners of parent to be JPY 220,000 million against previous guidance of JPY 188,000 million. Net income per share to be JPY 3,366.98 against previous guidance of JPY 2,877.24.
공시 • Feb 15+ 2 more updatesSMC Corporation Revises Consolidated Earnings Guidance for the Full Year Ending March 31, 2022SMC Corporation revised consolidated earnings guidance for the full year ending March 31, 2022. For the year, the company expected net sales of ¥715,000 million compared to previous guidance of ¥700,000 million, operating profit of ¥228,000 million compared to previous guidance of ¥218,000 million, profit attributable to owners of parent of ¥175,000 million or ¥2,648.50 per share compared to previous guidance of ¥163,000 million or ¥2,466.89 per share.
Valuation Update With 7 Day Price Move • May 21Investor sentiment deteriorates as stock falls 24%After last week's 24% share price decline to €347, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 13x in the Machinery industry in Germany. Total loss to shareholders of 25% over the past three years.
Board Change • May 21Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 8 non-independent directors. Independent Outside Director Kyoichi Miyazaki 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.
공시 • May 14+ 1 more updateSMC Corporation, Annual General Meeting, Jun 26, 2026SMC Corporation, Annual General Meeting, Jun 26, 2026.
공시 • May 09SMC Corporation to Report Fiscal Year 2026 Results on May 14, 2026SMC Corporation announced that they will report fiscal year 2026 results at 3:00 PM, Tokyo Standard Time on May 14, 2026
공시 • Feb 13Smc Corporation Provides Consolidated Earnings Guidance Fiscal Year Ending March 31, 2026SMC Corporation provided consolidated earnings guidance fiscal year ending March 31, 2026. For the year, the company expects Net Sales of JPY 816,000 million, Operating Profit of JPY 183,000 million, Profit attributable to owners of parent of JPY 153,000 million and basic earnings per share of JPY 2,406.70.
공시 • Aug 07+ 1 more updateSMC Corporation to Report Q3, 2026 Results on Feb 12, 2026SMC Corporation announced that they will report Q3, 2026 results on Feb 12, 2026
공시 • Jun 06SMC Corporation to Report Q1, 2026 Results on Aug 08, 2025SMC Corporation announced that they will report Q1, 2026 results on Aug 08, 2025
공시 • May 15SMC Corporation (TSE:6273) announces an Equity Buyback for 750,000 shares, representing 1.18% for ¥30,000 million.SMC Corporation (TSE:6273) announces a share repurchase program. Under the program, the company will repurchase up to 750,000 common shares, representing 1.18% of its issued share capital, for ¥30,000 million. The purpose of the program is to enhance returns to shareholders, and improve capital efficiency. The share repurchase program will run until March 24, 2026. As of April 30, 2025, the company had 63,745,025 shares outstanding (excluding treasury shares) and 3,624,334 shares in treasury.
공시 • May 14SMC Corporation, Annual General Meeting, Jun 27, 2025SMC Corporation, Annual General Meeting, Jun 27, 2025.
공시 • Mar 15SMC Corporation to Report Fiscal Year 2025 Results on May 14, 2025SMC Corporation announced that they will report fiscal year 2025 results on May 14, 2025
공시 • Dec 20SMC Corporation to Report Q3, 2025 Results on Feb 14, 2025SMC Corporation announced that they will report Q3, 2025 results on Feb 14, 2025
Reported Earnings • Nov 17Second quarter 2025 earnings released: EPS: JP¥460 (vs JP¥660 in 2Q 2024)Second quarter 2025 results: EPS: JP¥460 (down from JP¥660 in 2Q 2024). Revenue: JP¥192.3b (down 1.2% from 2Q 2024). Net income: JP¥29.5b (down 31% from 2Q 2024). Profit margin: 15% (down from 22% in 2Q 2024). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 12% per year, which means it is performing significantly worse than earnings.
Buy Or Sell Opportunity • Oct 29Now 20% overvaluedOver the last 90 days, the stock has fallen 15% to €390. The fair value is estimated to be €325, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.7% over the last 3 years. Earnings per share has grown by 3.2%. For the next 3 years, revenue is forecast to grow by 6.3% per annum. Earnings are also forecast to grow by 7.3% per annum over the same time period.
Buy Or Sell Opportunity • Sep 26Now 20% overvaluedOver the last 90 days, the stock has fallen 8.2% to €402. The fair value is estimated to be €335, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.7% over the last 3 years. Earnings per share has grown by 3.2%. For the next 3 years, revenue is forecast to grow by 6.2% per annum. Earnings are also forecast to grow by 7.2% per annum over the same time period.
Upcoming Dividend • Sep 20Upcoming dividend of JP¥500 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 35% but the company is not cash flow positive. Trailing yield: 1.7%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (3.6%).
공시 • Sep 06SMC Corporation to Report Q2, 2025 Results on Nov 14, 2024SMC Corporation announced that they will report Q2, 2025 results on Nov 14, 2024
Reported Earnings • Aug 12First quarter 2025 earnings released: EPS: JP¥759 (vs JP¥808 in 1Q 2024)First quarter 2025 results: EPS: JP¥759 (down from JP¥808 in 1Q 2024). Revenue: JP¥202.8b (up 1.9% from 1Q 2024). Net income: JP¥48.7b (down 6.6% from 1Q 2024). Profit margin: 24% (down from 26% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.4% 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 3% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.
Declared Dividend • Jul 11Final dividend of JP¥500 announcedShareholders will receive a dividend of JP¥500. Ex-date: 27th September 2024 Payment date: 2nd December 2024 Dividend yield will be 106%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is covered by earnings (34% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 20% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 25% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공시 • Jun 14SMC Corporation to Report Q1, 2025 Results on Aug 09, 2024SMC Corporation announced that they will report Q1, 2025 results on Aug 09, 2024
Reported Earnings • May 19Full year 2024 earnings released: EPS: JP¥2,767 (vs JP¥3,445 in FY 2023)Full year 2024 results: EPS: JP¥2,767 (down from JP¥3,445 in FY 2023). Revenue: JP¥776.9b (down 5.8% from FY 2023). Net income: JP¥178.3b (down 21% from FY 2023). Profit margin: 23% (down from 27% in FY 2023). Revenue is forecast to grow 7.6% 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 10% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
공시 • May 16SMC Corporation, Annual General Meeting, Jun 27, 2024SMC Corporation, Annual General Meeting, Jun 27, 2024.
공시 • May 15Smc Corporation Expects to Pay Dividend At the End of Year Ending March 31, 2025SMC Corporation expected to pay a dividend of ¥500.00 at the end of fiscal Year ending March 31, 2025 against ¥500.00 paid a year ago.
Upcoming Dividend • Mar 21Upcoming dividend of JP¥450 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 46% but the company is paying out more than the cash it is generating. Trailing yield: 1.0%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (3.2%).
공시 • Mar 15SMC Corporation to Report Fiscal Year 2024 Results on May 14, 2024SMC Corporation announced that they will report fiscal year 2024 results on May 14, 2024
Reported Earnings • Feb 14Third quarter 2024 earnings released: EPS: JP¥660 (vs JP¥623 in 3Q 2023)Third quarter 2024 results: EPS: JP¥660 (up from JP¥623 in 3Q 2023). Revenue: JP¥189.1b (down 8.2% from 3Q 2023). Net income: JP¥42.6b (up 4.6% from 3Q 2023). Profit margin: 23% (up from 20% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 7.0% p.a. on average during the next 3 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 17% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Jan 15Investor sentiment improves as stock rises 15%After last week's 15% share price gain to €530, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 11x in the Machinery industry in Germany. Total returns to shareholders of 4.7% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €362 per share.
공시 • Dec 22SMC Corporation to Report Q3, 2024 Results on Feb 13, 2024SMC Corporation announced that they will report Q3, 2024 results on Feb 13, 2024
Reported Earnings • Nov 17Second quarter 2024 earnings released: EPS: JP¥660 (vs JP¥882 in 2Q 2023)Second quarter 2024 results: EPS: JP¥660 (down from JP¥882 in 2Q 2023). Revenue: JP¥194.6b (down 7.4% from 2Q 2023). Net income: JP¥42.6b (down 26% from 2Q 2023). Profit margin: 22% (down from 27% in 2Q 2023). Revenue is forecast to grow 6.2% 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 23% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
공시 • Nov 17SMC Corporation (TSE:6273) announces an Equity Buyback for 450,000 shares, representing 0.7% for ¥35,000 million.SMC Corporation (TSE:6273) announces a share repurchase program. Under the program, the company will repurchase up to 450,000 shares, representing 0.7% of its share capital, for ¥35,000 million. The purpose of the program is to enhance shareholder returns and improve capital efficiency. The share repurchase program will run until March 22, 2024. As of November 14, 2023, the company had 64,503,109 shares outstanding (excluding treasury shares) and 2,866,250 shares in treasury.
공시 • Sep 27SMC Corporation to Report Q2, 2024 Results on Nov 14, 2023SMC Corporation announced that they will report Q2, 2024 results on Nov 14, 2023
Upcoming Dividend • Sep 21Upcoming dividend of JP¥450 per share at 1.3% yieldEligible shareholders must have bought the stock before 28 September 2023. Payment date: 01 December 2023. Payout ratio is a comfortable 29% but the company is paying out more than the cash it is generating. Trailing yield: 1.3%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (2.8%).
Reported Earnings • Aug 10First quarter 2024 earnings released: EPS: JP¥808 (vs JP¥1,154 in 1Q 2023)First quarter 2024 results: EPS: JP¥808 (down from JP¥1,154 in 1Q 2023). Revenue: JP¥199.0b (down 5.9% from 1Q 2023). Net income: JP¥52.1b (down 31% from 1Q 2023). Profit margin: 26% (down from 36% in 1Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
공시 • Jun 26SMC Corporation to Report Q1, 2024 Results on Aug 09, 2023SMC Corporation announced that they will report Q1, 2024 results on Aug 09, 2023
Reported Earnings • May 18Full year 2023 earnings released: EPS: JP¥3,445 (vs JP¥2,924 in FY 2022)Full year 2023 results: EPS: JP¥3,445 (up from JP¥2,924 in FY 2022). Revenue: JP¥824.8b (up 13% from FY 2022). Net income: JP¥224.6b (up 16% from FY 2022). Profit margin: 27% (in line with FY 2022). Revenue is forecast to grow 4.8% 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 32% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
공시 • May 17SMC Corporation, Annual General Meeting, Jun 29, 2023SMC Corporation, Annual General Meeting, Jun 29, 2023.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥450 per share at 1.3% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (2.9%).
Reported Earnings • Feb 15Third quarter 2023 earnings released: EPS: JP¥623 (vs JP¥738 in 3Q 2022)Third quarter 2023 results: EPS: JP¥623 (down from JP¥738 in 3Q 2022). Revenue: JP¥205.9b (up 12% from 3Q 2022). Net income: JP¥40.7b (down 17% from 3Q 2022). Profit margin: 20% (down from 27% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.0% 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 33% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
공시 • Feb 14+ 1 more updateSMC Corporation Provides Dividend Guidance for the Second Half of 2023SMC Corporation provided dividend guidance for the second half of 2023. For the period, the company expected dividend of JPY 450 per share compared to JPY 450 per share paid a year ago.
공시 • Dec 07SMC Corporation to Report Q3, 2023 Results on Feb 14, 2023SMC Corporation announced that they will report Q3, 2023 results on Feb 14, 2023
Reported Earnings • Nov 16Second quarter 2023 earnings released: EPS: JP¥882 (vs JP¥671 in 2Q 2022)Second quarter 2023 results: EPS: JP¥882 (up from JP¥671 in 2Q 2022). Revenue: JP¥210.2b (up 20% from 2Q 2022). Net income: JP¥57.7b (up 30% from 2Q 2022). Profit margin: 27% (up from 25% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Machinery 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 only increased by 3% per year, which means it is significantly lagging earnings growth.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 8 non-independent directors. Independent Outside Director Toshiharu Kagawa was the last independent director to join the board, commencing their role in 2015. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
공시 • Nov 14+ 2 more updatesSMC Corporation Revises Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2023SMC Corporation revised consolidated earnings guidance for the fiscal year ending March 31, 2023. For the year, the company expects net sales to be JPY 824,000 million against previous guidance of JPY 805,000 million. Operating profit to be JPY 248,500 million against previous guidance of JPY 255,000 million. Profit attributable to owners of parent to be JPY 220,000 million against previous guidance of JPY 188,000 million. Net income per share to be JPY 3,366.98 against previous guidance of JPY 2,877.24.
공시 • Sep 29SMC Corporation to Report Q2, 2023 Results on Nov 14, 2022SMC Corporation announced that they will report Q2, 2023 results on Nov 14, 2022
Upcoming Dividend • Sep 22Upcoming dividend of JP¥450 per shareEligible shareholders must have bought the stock before 29 September 2022. Payment date: 01 December 2022. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (3.2%).
Reported Earnings • Aug 12First quarter 2023 earnings released: EPS: JP¥1,154 (vs JP¥696 in 1Q 2022)First quarter 2023 results: EPS: JP¥1,154 (up from JP¥696 in 1Q 2022). Revenue: JP¥211.4b (up 16% from 1Q 2022). Net income: JP¥75.4b (up 64% from 1Q 2022). Profit margin: 36% (up from 25% in 1Q 2022). Over the next year, revenue is forecast to grow 8.9%, 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 27% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
Buying Opportunity • Jul 06Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 16%. The fair value is estimated to be €507, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.1% over the last 3 years. Earnings per share has grown by 16%. For the next 3 years, revenue is forecast to grow by 5.4% per annum. Earnings is also forecast to grow by 3.6% per annum over the same time period.
공시 • Jun 12SMC Corporation to Report Q1, 2023 Results on Aug 10, 2022SMC Corporation announced that they will report Q1, 2023 results on Aug 10, 2022
Reported Earnings • May 16Full year 2022 earnings released: EPS: JP¥2,924 (vs JP¥1,832 in FY 2021)Full year 2022 results: EPS: JP¥2,924 (up from JP¥1,832 in FY 2021). Revenue: JP¥727.4b (up 32% from FY 2021). Net income: JP¥193.0b (up 59% from FY 2021). Profit margin: 27% (up from 22% in FY 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 7.4%, compared to a 11% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 14% per year.
공시 • May 14+ 2 more updatesSMC Corporation Provides Dividend Guidance for the Full Year Ending March 31, 2023SMC Corporation provided dividend guidance for the full year ending March 31, 2023. For the quarter, the company expects dividend of JPY 450.00 per share.
Board Change • Apr 27Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Outside Director Toshiharu Kagawa was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
공시 • Apr 08SMC Corporation to Report Fiscal Year 2022 Results on May 13, 2022SMC Corporation announced that they will report fiscal year 2022 results on May 13, 2022
Upcoming Dividend • Mar 23Upcoming dividend of JP¥400 per shareEligible shareholders must have bought the stock before 30 March 2022. Payment date: 30 June 2022. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of German dividend payers (3.6%). Lower than average of industry peers (1.9%).
Reported Earnings • Feb 16Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beatThird quarter 2022 results: EPS: JP¥738 (up from JP¥469 in 3Q 2021). Revenue: JP¥183.7b (up 31% from 3Q 2021). Net income: JP¥48.8b (up 56% from 3Q 2021). Profit margin: 27% (up from 22% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 8.0%. Over the next year, revenue is forecast to grow 7.6%, compared to a 11% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth.
공시 • Feb 15+ 2 more updatesSMC Corporation Revises Consolidated Earnings Guidance for the Full Year Ending March 31, 2022SMC Corporation revised consolidated earnings guidance for the full year ending March 31, 2022. For the year, the company expected net sales of ¥715,000 million compared to previous guidance of ¥700,000 million, operating profit of ¥228,000 million compared to previous guidance of ¥218,000 million, profit attributable to owners of parent of ¥175,000 million or ¥2,648.50 per share compared to previous guidance of ¥163,000 million or ¥2,466.89 per share.
Reported Earnings • Nov 14Second quarter 2022 earnings released: EPS JP¥671 (vs JP¥347 in 2Q 2021)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥175.9b (up 42% from 2Q 2021). Net income: JP¥44.3b (up 92% from 2Q 2021). Profit margin: 25% (up from 19% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Sep 22Upcoming dividend of JP¥300 per shareEligible shareholders must have bought the stock before 29 September 2021. Payment date: 01 December 2021. Trailing yield: 0.8%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (1.0%).
Reported Earnings • Aug 14First quarter 2022 earnings released: EPS JP¥696 (vs JP¥349 in 1Q 2021)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥182.8b (up 43% from 1Q 2021). Net income: JP¥46.0b (up 98% from 1Q 2021). Profit margin: 25% (up from 18% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings.
Reported Earnings • May 17Full year 2021 earnings released: EPS JP¥1,832 (vs JP¥1,656 in FY 2020)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥552.2b (up 5.0% from FY 2020). Net income: JP¥121.8b (up 10% from FY 2020). Profit margin: 22% (up from 21% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings.
Is New 90 Day High Low • Mar 11New 90-day low: €452The company is down 12% from its price of €515 on 11 December 2020. The German market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €262 per share.
공시 • Feb 13SMC Corporation Announces Executives ChangesSMC Corporation announced appointment of Yoshiki Takada as President in place of Katsunori Maruyama.
Reported Earnings • Feb 13Third quarter 2021 earnings released: EPS JP¥469 (vs JP¥437 in 3Q 2020)The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: JP¥139.9b (up 6.4% from 3Q 2020). Net income: JP¥31.2b (up 7.4% from 3Q 2020). Profit margin: 22% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.
Analyst Estimate Surprise Post Earnings • Feb 13Revenue beats expectationsRevenue exceeded analyst estimates by 6.7%. Over the next year, revenue is forecast to grow 9.3%, compared to a 5.0% growth forecast for the Machinery industry in Germany.
공시 • Feb 13SMC Corporation Announces Executive ChangesSMC Corporation announced appointment of Yoshiki Takada as Representative Director in place of Katsunori Maruyama. The new positions of Katsunori Maruyama are Director and Senior Advisor.
Is New 90 Day High Low • Jan 15New 90-day high: €535The company is up 15% from its price of €466 on 16 October 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 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €275 per share.
공시 • Dec 24SBS Holdings, Inc. (TSE:2384) agreed to acquire Toyo Warehouse & Transportation Co., Ltd from SMC Corporation (TSE:6273) for ¥7.2 billion.SBS Holdings, Inc. (TSE:2384) entered into a share transfer agreement to acquire Toyo Warehouse & Transportation Co., Ltd from SMC Corporation (TSE:6273) for ¥7.2 billion on December 24, 2020. As per the transaction, SBS Holdings, Inc. will acquire 0.38 million shares of Toyo Warehouse & Transportation Co., Ltd. Upon completion, Toyo Warehouse & Transportation Co., Ltd will no longer be a consolidated subsidiary of SMC. Toyo Warehouse & Transportation Co., Ltd reported total assets of ¥7.6 billion, net assets of ¥5.9 billion, revenue of ¥2.4 billion, operating profit of ¥220 million and net income of ¥156 million. The transaction is expected to be completed by January 29, 2021. SMC Corporation expect to record gain on sales of shares of subsidiary in the 4th quarter of the fiscal year ending March 31, 2021.
공시 • Dec 19SMC Corporation to Report Q3, 2021 Results on Feb 12, 2021SMC Corporation announced that they will report Q3, 2021 results on Feb 12, 2021
Analyst Estimate Surprise Post Earnings • Nov 14Revenue beats expectationsRevenue exceeded analyst estimates by 0.8%. Over the next year, revenue is forecast to grow 5.8%, compared to a 2.5% growth forecast for the Machinery industry in Germany.
Reported Earnings • Nov 14Second quarter 2021 earnings released: EPS JP¥347The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥123.9b (down 4.1% from 2Q 2020). Net income: JP¥23.1b (down 13% from 2Q 2020). Profit margin: 19% (down from 21% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.
Is New 90 Day High Low • Nov 12New 90-day high: €505The company is up 10.0% from its price of €460 on 14 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 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €252 per share.
공시 • Sep 13SMC Corporation to Report Q2, 2021 Results on Nov 13, 2020SMC Corporation announced that they will report Q2, 2021 results on Nov 13, 2020
공시 • Jun 21SMC Corporation to Report Q1, 2021 Results on Aug 07, 2020SMC Corporation announced that they will report Q1, 2021 results on Aug 07, 2020