Declared Dividend • May 21
Dividend of JP¥50.00 announced Shareholders will receive a dividend of JP¥50.00. Ex-date: 29th June 2026 Payment date: 3rd September 2026 Dividend yield will be 312%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is covered by both earnings (51% earnings payout ratio) and cash flows (38% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 21% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Board Change • May 21
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 7 non-independent directors. Independent Outside Director Suzumura Fumito was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 공시 • Apr 21
Otsuka Corporation to Report Q1, 2026 Results on Apr 30, 2026 Otsuka Corporation announced that they will report Q1, 2026 results on Apr 30, 2026 공시 • Feb 27
Otsuka Corporation, Annual General Meeting, Mar 27, 2026 Otsuka Corporation, Annual General Meeting, Mar 27, 2026, at 10:00 Tokyo Standard Time. 공시 • Feb 21
Otsuka Corporation Announces Resignation of Makiko Hamabe as Outside Director, Effective February 20, 2026 Otsuka Corporation announced Resignation of Makiko Hamabe as Outside Director, effective February 20, 2026, Due to personal reasons. 공시 • Oct 31
Otsuka Corporation Provides Year End Dividend Guidance for the Fiscal Year Ending December 31, 2025 Otsuka Corporation provided year end dividend guidance for the fiscal year ending December 31, 2025. For the period, the company expected year end dividend of JPY 40 per share. 공시 • Oct 15
Otsuka Corporation to Report Q3, 2025 Results on Oct 31, 2025 Otsuka Corporation announced that they will report Q3, 2025 results on Oct 31, 2025 공시 • Jul 15
Otsuka Corporation to Report Q2, 2025 Results on Aug 01, 2025 Otsuka Corporation announced that they will report Q2, 2025 results on Aug 01, 2025 공시 • Apr 12
Otsuka Corporation to Report Q1, 2025 Results on Apr 30, 2025 Otsuka Corporation announced that they will report Q1, 2025 results on Apr 30, 2025 공시 • Feb 03
Otsuka Corporation, Annual General Meeting, Mar 27, 2025 Otsuka Corporation, Annual General Meeting, Mar 27, 2025. 공시 • Jan 17
Otsuka Corporation to Report Fiscal Year 2024 Results on Feb 03, 2025 Otsuka Corporation announced that they will report fiscal year 2024 results on Feb 03, 2025 Reported Earnings • Nov 01
Third quarter 2024 earnings released: EPS: JP¥25.58 (vs JP¥20.35 in 3Q 2023) Third quarter 2024 results: EPS: JP¥25.58 (up from JP¥20.35 in 3Q 2023). Revenue: JP¥252.5b (up 15% from 3Q 2023). Net income: JP¥9.70b (up 26% from 3Q 2023). Profit margin: 3.8% (up from 3.5% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. 공시 • Oct 16
Otsuka Corporation to Report Q3, 2024 Results on Oct 31, 2024 Otsuka Corporation announced that they will report Q3, 2024 results on Oct 31, 2024 Declared Dividend • Aug 07
Dividend of JP¥70.00 announced Shareholders will receive a dividend of JP¥70.00. Ex-date: 27th December 2024 Payment date: 28th March 2025 Dividend yield will be 352%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is covered by both earnings (52% earnings payout ratio) and cash flows (45% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 19% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 04
Second quarter 2024 earnings released: EPS: JP¥26.81 (vs JP¥36.46 in 2Q 2023) Second quarter 2024 results: EPS: JP¥26.81. Revenue: JP¥303.1b (up 8.8% from 2Q 2023). Net income: JP¥15.3b (up 10% from 2Q 2023). Profit margin: 5.0% (in line with 2Q 2023). Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the IT industry in Germany. 공시 • Jul 14
Otsuka Corporation to Report Q2, 2024 Results on Aug 01, 2024 Otsuka Corporation announced that they will report Q2, 2024 results on Aug 01, 2024 Reported Earnings • May 01
First quarter 2024 earnings released: EPS: JP¥61.60 (vs JP¥30.57 in 1Q 2023) First quarter 2024 results: EPS: JP¥61.60 (up from JP¥30.57 in 1Q 2023). Revenue: JP¥266.7b (up 9.9% from 1Q 2023). Net income: JP¥11.7b (flat on 1Q 2023). Profit margin: 4.4% (down from 4.8% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. 공시 • Apr 14
Otsuka Corporation to Report Q1, 2024 Results on Apr 30, 2024 Otsuka Corporation announced that they will report Q1, 2024 results on Apr 30, 2024 Buy Or Sell Opportunity • Feb 04
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 6.0% to €39.00. The fair value is estimated to be €32.43, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.5% over the last 3 years. Earnings per share has grown by 3.7%. For the next 3 years, revenue is forecast to grow by 6.2% per annum. Earnings are also forecast to grow by 7.5% per annum over the same time period. Reported Earnings • Feb 03
Full year 2023 earnings released: EPS: JP¥250 (vs JP¥211 in FY 2022) Full year 2023 results: EPS: JP¥250 (up from JP¥211 in FY 2022). Revenue: JP¥977.4b (up 14% from FY 2022). Net income: JP¥47.4b (up 19% from FY 2022). Profit margin: 4.9% (up from 4.6% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has fallen by 1% per year. 공시 • Feb 01
Otsuka Corporation, Annual General Meeting, Mar 27, 2024 Otsuka Corporation, Annual General Meeting, Mar 27, 2024. 공시 • Jan 18
Otsuka Corporation to Report Fiscal Year 2023 Results on Feb 01, 2024 Otsuka Corporation announced that they will report fiscal year 2023 results on Feb 01, 2024 Upcoming Dividend • Dec 21
Upcoming dividend of JP¥130 per share at 2.2% yield Eligible shareholders must have bought the stock before 28 December 2023. Payment date: 01 April 2024. Payout ratio is a comfortable 55% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of German dividend payers (5.1%). In line with average of industry peers (2.1%). 공시 • Oct 18
Otsuka Corporation to Report Q3, 2023 Results on Oct 31, 2023 Otsuka Corporation announced that they will report Q3, 2023 results on Oct 31, 2023 Reported Earnings • Aug 02
Second quarter 2023 earnings released: EPS: JP¥72.92 (vs JP¥65.03 in 2Q 2022) Second quarter 2023 results: EPS: JP¥72.92 (up from JP¥65.03 in 2Q 2022). Revenue: JP¥278.4b (up 18% from 2Q 2022). Net income: JP¥13.8b (up 12% from 2Q 2022). Profit margin: 5.0% (down from 5.2% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. 공시 • Jul 15
Otsuka Corporation to Report Q2, 2023 Results on Aug 01, 2023 Otsuka Corporation announced that they will report Q2, 2023 results on Aug 01, 2023 Reported Earnings • Apr 02
Full year 2022 earnings released: EPS: JP¥211 (vs JP¥211 in FY 2021) Full year 2022 results: EPS: JP¥211 (up from JP¥211 in FY 2021). Revenue: JP¥861.0b (up 1.1% from FY 2021). Net income: JP¥40.0b (flat on FY 2021). Profit margin: 4.6% (down from 4.7% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 4% per year. 공시 • Feb 03
Otsuka Corporation, Annual General Meeting, Mar 29, 2023 Otsuka Corporation, Annual General Meeting, Mar 29, 2023. Reported Earnings • Feb 02
Full year 2022 earnings released: EPS: JP¥211 (vs JP¥211 in FY 2021) Full year 2022 results: EPS: JP¥211 (up from JP¥211 in FY 2021). Revenue: JP¥861.0b (up 1.1% from FY 2021). Net income: JP¥40.0b (flat on FY 2021). Profit margin: 4.6% (down from 4.7% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 10.0% growth forecast for the IT 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 11% per year, which means it is performing significantly worse than earnings. 공시 • Jan 18
Otsuka Corporation to Report Fiscal Year 2022 Results on Feb 01, 2023 Otsuka Corporation announced that they will report fiscal year 2022 results on Feb 01, 2023 Upcoming Dividend • Dec 22
Upcoming dividend of JP¥125 per share Eligible shareholders must have bought the stock before 29 December 2022. Payment date: 30 March 2023. Payout ratio is a comfortable 55% and the cash payout ratio is 75%. Trailing yield: 3.0%. Lower than top quartile of German dividend payers (5.1%). Higher than average of industry peers (1.9%). Reported Earnings • Nov 18
Third quarter 2022 earnings released: EPS: JP¥36.35 (vs JP¥42.91 in 3Q 2021) Third quarter 2022 results: EPS: JP¥36.35 (down from JP¥42.91 in 3Q 2021). Revenue: JP¥196.9b (up 2.2% from 3Q 2021). Net income: JP¥6.89b (down 15% from 3Q 2021). Profit margin: 3.5% (down from 4.2% in 3Q 2021). 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 11% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 6% per year. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 7 non-independent directors. Independent Outside Director Makiko Hamabe was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 02
Third quarter 2022 earnings released: EPS: JP¥36.35 (vs JP¥42.91 in 3Q 2021) Third quarter 2022 results: EPS: JP¥36.35 (down from JP¥42.91 in 3Q 2021). Revenue: JP¥196.9b (up 2.2% from 3Q 2021). Net income: JP¥6.89b (down 15% from 3Q 2021). Profit margin: 3.5% (down from 4.2% in 3Q 2021). 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 10% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 4% per year. 공시 • Oct 16
Otsuka Corporation to Report Q3, 2022 Results on Oct 31, 2022 Otsuka Corporation announced that they will report Q3, 2022 results on Oct 31, 2022 Valuation Update With 7 Day Price Move • Aug 08
Investor sentiment improved over the past week After last week's 17% share price gain to €35.00, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 21x in the IT industry in Germany. Total returns to shareholders of 19% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €44.84 per share. Reported Earnings • Aug 02
Second quarter 2022 earnings released: EPS: JP¥65.03 (vs JP¥64.19 in 2Q 2021) Second quarter 2022 results: EPS: JP¥65.03 (up from JP¥64.19 in 2Q 2021). Revenue: JP¥235.3b (up 3.5% from 2Q 2021). Net income: JP¥12.3b (up 1.3% from 2Q 2021). Profit margin: 5.2% (down from 5.4% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 5.2%, compared to a 16% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 2% per year and the company’s share price has also fallen by 2% per year. 공시 • Jul 15
Otsuka Corporation to Report Q2, 2022 Results on Aug 01, 2022 Otsuka Corporation announced that they will report Q2, 2022 results on Aug 01, 2022 Reported Earnings • Apr 30
First quarter 2022 earnings released: EPS: JP¥55.48 (vs JP¥60.58 in 1Q 2021) First quarter 2022 results: EPS: JP¥55.48 (down from JP¥60.58 in 1Q 2021). Revenue: JP¥210.1b (down 12% from 1Q 2021). Net income: JP¥10.5b (down 8.4% from 1Q 2021). Profit margin: 5.0% (up from 4.8% in 1Q 2021). The increase in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 3.0%, compared to a 19% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 7 non-independent directors. Independent Outside Director Makiko Hamabe 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 • Apr 17
Otsuka Corporation to Report Q1, 2022 Results on Apr 28, 2022 Otsuka Corporation announced that they will report Q1, 2022 results on Apr 28, 2022 Reported Earnings • Apr 03
Full year 2021 earnings released: EPS: JP¥211 (vs JP¥207 in FY 2020) Full year 2021 results: EPS: JP¥211 (up from JP¥207 in FY 2020). Revenue: JP¥851.9b (up 1.9% from FY 2020). Net income: JP¥39.9b (up 1.6% from FY 2020). Profit margin: 4.7% (in line with FY 2020). Over the next year, revenue is forecast to stay flat compared to a 18% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has fallen by 1% per year. 공시 • Feb 03
Otsuka Corporation, Annual General Meeting, Mar 29, 2022 Otsuka Corporation, Annual General Meeting, Mar 29, 2022. Reported Earnings • Feb 02
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: JP¥211 (up from JP¥207 in FY 2020). Revenue: JP¥851.9b (up 1.9% from FY 2020). Net income: JP¥39.9b (up 1.6% from FY 2020). Profit margin: 4.7% (in line with FY 2020). Revenue missed analyst estimates by 2.4%. Over the next year, revenue is forecast to grow 5.8%, compared to a 17% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 5% per year. Buying Opportunity • Jan 14
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 11%. The fair value is estimated to be JP¥48.24, however is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.1% per annum over the last 3 years. Earnings per share has grown by 6.2% per annum over the last 3 years. Upcoming Dividend • Dec 23
Upcoming dividend of JP¥120 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 29 March 2022. Payout ratio is a comfortable 53% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of German dividend payers (3.3%). Higher than average of industry peers (1.0%). Reported Earnings • Oct 30
Third quarter 2021 earnings released: EPS JP¥33.04 (vs JP¥48.84 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥185.5b (down 8.0% from 3Q 2020). Net income: JP¥6.26b (down 32% from 3Q 2020). Profit margin: 3.4% (down from 4.6% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 10% per year. Reported Earnings • Aug 04
Second quarter 2021 earnings released: EPS JP¥64.19 (vs JP¥52.25 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥227.3b (up 8.9% from 2Q 2020). Net income: JP¥12.2b (up 23% from 2Q 2020). Profit margin: 5.4% (up from 4.7% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Apr 30
First quarter 2021 earnings released: EPS JP¥60.58 (vs JP¥57.39 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: JP¥239.4b (up 6.7% from 1Q 2020). Net income: JP¥11.5b (up 5.6% from 1Q 2020). Profit margin: 4.8% (down from 4.9% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 5% per year. Reported Earnings • Apr 02
Full year 2020 earnings released: EPS JP¥207 (vs JP¥229 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥836.3b (down 5.7% from FY 2019). Net income: JP¥39.3b (down 9.6% from FY 2019). Profit margin: 4.7% (down from 4.9% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Feb 25
New 90-day low: €38.00 The company is down 5.0% from its price of €40.00 on 27 November 2020. The German market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is down 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €33.52 per share. 공시 • Feb 04
Otsuka Corporation, Annual General Meeting, Mar 26, 2021 Otsuka Corporation, Annual General Meeting, Mar 26, 2021. Analyst Estimate Surprise Post Earnings • Feb 03
Revenue beats expectations Revenue exceeded analyst estimates by 0.8%. Over the next year, revenue is forecast to grow 3.8%, compared to a 12% growth forecast for the IT industry in Germany. 공시 • Jan 17
Otsuka Corporation to Report Fiscal Year 2020 Results on Feb 01, 2021 Otsuka Corporation announced that they will report fiscal year 2020 results on Feb 01, 2021 Is New 90 Day High Low • Dec 29
New 90-day high: €44.40 The company is up 5.0% from its price of €42.40 on 30 September 2020. The German market is up 7.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the IT industry, which is down 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €34.92 per share. Upcoming Dividend • Dec 22
Upcoming Dividend of JP¥115 Per Share Will be paid on the 30th of March to those who are registered shareholders by the 29th of December. The trailing yield of 2.2% is below the top quartile of German dividend payers (3.5%), but it is higher than industry peers (1.0%). Analyst Estimate Surprise Post Earnings • Nov 12
Revenue misses expectations Revenue missed analyst estimates by 6.7%. Over the next year, revenue is forecast to grow 3.2%, compared to a 9.3% growth forecast for the IT industry in Germany. Reported Earnings • Nov 12
Third quarter 2020 earnings released: EPS JP¥40.52 The company reported a soft third quarter result with weaker earnings and revenues, although profit margins were improved. Third quarter 2020 results: Revenue: JP¥188.3b (down 13% from 3Q 2019). Net income: JP¥7.68b (down 12% from 3Q 2019). Profit margin: 4.1% (up from 4.0% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 8% per year. Is New 90 Day High Low • Nov 11
New 90-day low: €38.20 The company is down 9.0% from its price of €42.00 on 13 August 2020. The German market is flat over the last 90 days, indicating the company underperformed over that time. However, it outperformed the IT industry, which is down 23% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €21.18 per share. Is New 90 Day High Low • Oct 21
New 90-day low: €39.60 The company is down 10.0% from its price of €44.00 on 22 July 2020. The German market is down 1.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the IT industry, which is down 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €31.48 per share. 공시 • Jul 19
Otsuka Corporation to Report Q2, 2020 Results on Aug 07, 2020 Otsuka Corporation announced that they will report Q2, 2020 results on Aug 07, 2020