View ValuationTamura 향후 성장Future 기준 점검 3/6Tamura (는) 각각 연간 61.8% 및 5.4% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 62.1% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 7.2% 로 예상됩니다.핵심 정보61.8%이익 성장률62.06%EPS 성장률Electronic 이익 성장39.0%매출 성장률5.4%향후 자기자본이익률7.18%애널리스트 커버리지Low마지막 업데이트07 May 2026최근 향후 성장 업데이트공지 • May 16+ 1 more updateTamura Corporation Provides Consolidated Earnings Guidance for the Year Ending March 31, 2025Tamura Corporation provided consolidated earnings guidance for the year ending March 31, 2025. For the year, the company expects net sales of ¥112,000 million, operating profit of ¥5,200 million, profit attributable to owners of parent of ¥3,400 million and earnings per share of ¥41.60.공지 • Feb 07+ 1 more updateTamura Corporation Provides Consolidated Earnings Guidance for the Year Ending March 31, 2023Tamura Corporation provided consolidated earnings guidance for the year ending March 31, 2023. For the year, the company expects net sales of ¥105,000 million, operating profit of ¥4,500 million, profit attributable to owners of parent of ¥2,700 million and earnings per share of ¥32.87.공지 • Aug 09+ 1 more updateTamura Corporation Provides Consolidated Earnings Forecast for the First Half and Full Year of Fiscal Year Ending March 31, 2023Tamura Corporation provided consolidated earnings forecast for the first half and full year of fiscal year ending March 31, 2023. For the first half, the company expected net sales to be JPY 45,600 million, Operating profit to be JPY 800 million, Profit attributable to owners of parent to be JPY 200 million and basic earnings per share to be JPY 2.43.For the full year, the company expected net sales to be JPY 94,000 million, Operating profit to be JPY 3,000 million, Profit attributable to owners of parent to be JPY 1,800 million and basic earnings per share to be JPY 21.91.공지 • May 18+ 1 more updateTamura Corporation Provides Consolidated Earning Guidance for the Six Months Ending September 30, 2022 and Full Year Ending March 31, 2023Tamura Corporation provides consolidated earning guidance for the six months ending September 30, 2022 and full year ending March 31, 2023. For the six months, the company expects net sales of JPY 45,600 million, operating profit of JPY 800 million, profit attributable to owners of parent of JPY 200 million and earnings per share of JPY 2.43. For the full year, the company expects net sales of JPY 94,000 million, operating profit of JPY 3,000 million, profit attributable to owners of parent of JPY 1,800 million and earnings per share of JPY 21.91.모든 업데이트 보기Recent updates공지 • Mar 07Tamura Corporation to Report Fiscal Year 2026 Results on May 11, 2026Tamura Corporation announced that they will report fiscal year 2026 results on May 11, 2026공지 • Dec 01Tamura Corporation to Report Q3, 2026 Results on Feb 06, 2026Tamura Corporation announced that they will report Q3, 2026 results on Feb 06, 2026공지 • Sep 25Tamura Corporation to Report Q2, 2026 Results on Nov 10, 2025Tamura Corporation announced that they will report Q2, 2026 results on Nov 10, 2025공지 • Jun 03Tamura Corporation to Report Q1, 2026 Results on Aug 06, 2025Tamura Corporation announced that they will report Q1, 2026 results on Aug 06, 2025공지 • May 13Tamura Corporation (TSE:6768) announces an Equity Buyback for 3,500,000 shares, representing 4.25% for ¥1,000 million.Nagaileben Co., Ltd. (TSE:7447) announces a share repurchase program. Under the program, the company will repurchase up to 3,500,000 shares, representing 4.25% of its issued share capital, for ¥1,000 million. The purpose of the program is to enhance shareholder returns and further improve capital efficiency. The program will be valid till March 31, 2026. As of March 31, 2025, the company has 82,299,673 issued shares (excluding treasury stock) and 968,779 treasury shares.공지 • May 12+ 4 more updatesTamura Corporation, Annual General Meeting, Jun 26, 2025Tamura Corporation, Annual General Meeting, Jun 26, 2025.공지 • Mar 04Tamura Corporation to Report Fiscal Year 2025 Results on May 12, 2025Tamura Corporation announced that they will report fiscal year 2025 results on May 12, 2025공지 • Feb 26Tamura Corporation Announces Board and Executive ChangesTamura Corporation announced that a meeting of the Board of Directors held y resolved to make the following changes in representative directors, based on a report of the Nomination and Remuneration Advisory Committee. Name: Masahiro Asada. New Title: Chairperson, Representative Director, CEO & CFO. Current Title: Representative Director, President, CEO & CFO. Name: Mitsutaka Nakamura. New title: Representative Director, President, COO. Current title: Director, EVP & CSO, In Charge of Corporate strategy. Date of Change: April 1, 2025. Reason for Change: This change aims to promote further growth as a company and ensure a smooth generational transition in the management team. Under the leadership of Mitsutaka Nakamura, who will assume the role of President and COO, the Company will advance the 14th Medium-term Management Plan starting April 1, 2025, to enhance corporate value. Masahiro Asada will support the development of Tamura Group's business and the stability of management as Chairperson and CEO. Name: Mitsutaka Nakamura. Date of Birth: March 9, 1971. Career: September 1997- Joined Tamura Kaken Corporation (Currently Tamura Corporation). October2016- General Manager of Electronic Chemicals Business Sector Sales. October 2017- Executive Officer, General Manager of PWB Functional Materials Division; Electronic Chemicals/FA Systems Business Sector. April 2019- Senior Executive Officer, General Manager of PWB Functional Materials Division, Electronic Chemicals/FA Systems Business Sector. April 2021 -President, Tamura Corporation (Thailand) Co. Ltd. April 2022- Deputy General Manager of Electronic Components Business Sector. April 2023 -General Manager of Electronic Components Business Sector Sales. June 2024 -Director, EVP & CSO, in charge of Corporate Strategy. October 2024 -Head of Marketing Strategy Division.공지 • Dec 13Tamura Corporation to Report Q3, 2025 Results on Feb 06, 2025Tamura Corporation announced that they will report Q3, 2025 results on Feb 06, 2025Reported Earnings • Nov 17Second quarter 2025 earnings released: EPS: JP¥1.76 (vs JP¥0.32 in 2Q 2024)Second quarter 2025 results: EPS: JP¥1.76 (up from JP¥0.32 in 2Q 2024). Revenue: JP¥28.0b (up 2.3% from 2Q 2024). Net income: JP¥144.0m (up 454% from 2Q 2024). Profit margin: 0.5% (up from 0.1% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings.공지 • Nov 15+ 2 more updatesTamura Corporation Provides Year-End Cash Dividend Guidance for the Fiscal Year Ending March 31, 2025Tamura Corporation Provided year-end cash dividend guidance for the fiscal year ending March 31, 2025. For the period, the company expects to pay year-end dividend of JPY 8.00 per share compared to JPY 5.00 per share paid a year ago.Upcoming Dividend • Sep 20Upcoming dividend of JP¥5.00 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of German dividend payers (4.8%). In line with average of industry peers (1.8%).공지 • Aug 30Tamura Corporation to Report Q2, 2025 Results on Nov 08, 2024Tamura Corporation announced that they will report Q2, 2025 results on Nov 08, 2024New Risk • Aug 10New 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 6.7% 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: 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 (6.7% average weekly change).Reported Earnings • Aug 07First quarter 2025 earnings released: EPS: JP¥9.76 (vs JP¥0.32 in 1Q 2024)First quarter 2025 results: EPS: JP¥9.76 (up from JP¥0.32 in 1Q 2024). Revenue: JP¥24.4b (flat on 1Q 2024). Net income: JP¥798.0m (up JP¥772.0m from 1Q 2024). Profit margin: 3.3% (up from 0.1% in 1Q 2024). Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €3.34, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 15x in the Electronic industry in Germany. Total loss to shareholders of 41% over the past three years.Declared Dividend • Jul 11Final dividend of JP¥5.00 announcedShareholders will receive a dividend of JP¥5.00. Ex-date: 27th September 2024 Payment date: 2nd December 2024 Dividend yield will be 125%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is not covered by earnings (102% earnings payout ratio). However, it is well covered by cash flows (13% cash payout ratio). The dividend has increased by an average of 5.2% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 13% to bring the payout ratio under control. EPS is expected to grow by 37% over the next 2 years, which is sufficient to bring the dividend into a sustainable range.공지 • Jun 06Tamura Corporation to Report Q1, 2025 Results on Aug 05, 2024Tamura Corporation announced that they will report Q1, 2025 results on Aug 05, 2024Valuation Update With 7 Day Price Move • May 31Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €4.40, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 13x in the Electronic industry in Germany. Total returns to shareholders of 6.3% over the past three years.공지 • May 16+ 1 more updateTamura Corporation Provides Consolidated Earnings Guidance for the Year Ending March 31, 2025Tamura Corporation provided consolidated earnings guidance for the year ending March 31, 2025. For the year, the company expects net sales of ¥112,000 million, operating profit of ¥5,200 million, profit attributable to owners of parent of ¥3,400 million and earnings per share of ¥41.60.Reported Earnings • May 13Full year 2024 earnings released: EPS: JP¥27.41 (vs JP¥25.01 in FY 2023)Full year 2024 results: EPS: JP¥27.41 (up from JP¥25.01 in FY 2023). Revenue: JP¥106.6b (down 1.3% from FY 2023). Net income: JP¥2.24b (up 9.4% from FY 2023). Profit margin: 2.1% (up from 1.9% in FY 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 3.8% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.공지 • May 12Tamura Corporation, Annual General Meeting, Jun 26, 2024Tamura Corporation, Annual General Meeting, Jun 26, 2024.Upcoming Dividend • Mar 21Upcoming dividend of JP¥5.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (4.9%). Higher than average of industry peers (1.5%).공지 • Mar 03Tamura Corporation to Report Fiscal Year 2024 Results on May 10, 2024Tamura Corporation announced that they will report fiscal year 2024 results on May 10, 2024Reported Earnings • Feb 08Third quarter 2024 earnings released: EPS: JP¥8.39 (vs JP¥8.95 in 3Q 2023)Third quarter 2024 results: EPS: JP¥8.39 (down from JP¥8.95 in 3Q 2023). Revenue: JP¥27.0b (down 6.4% from 3Q 2023). Net income: JP¥686.0m (down 6.2% from 3Q 2023). Profit margin: 2.5% (in line with 3Q 2023). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 10.0% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.공지 • Feb 06Tamura Corporation Provides Dividend Guidance for the Year Ending March 31, 2024Tamura Corporation provided dividend guidance for the year ending March 31, 2024. For the year, the company expects to pay dividend of JPY 5.00 per share.New Risk • Dec 17New major risk - Revenue and earnings growthEarnings have declined by 39% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 39% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.8% net profit margin).공지 • Dec 03Tamura Corporation to Report Q3, 2024 Results on Feb 05, 2024Tamura Corporation announced that they will report Q3, 2024 results on Feb 05, 2024Reported Earnings • Nov 09Second quarter 2024 earnings released: EPS: JP¥0.32 (vs JP¥13.33 in 2Q 2023)Second quarter 2024 results: EPS: JP¥0.32 (down from JP¥13.33 in 2Q 2023). Revenue: JP¥27.4b (up 7.5% from 2Q 2023). Net income: JP¥26.0m (down 98% from 2Q 2023). Profit margin: 0.1% (down from 4.3% in 2Q 2023). Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.Upcoming Dividend • Sep 21Upcoming dividend of JP¥5.00 per share at 1.7% yieldEligible shareholders must have bought the stock before 28 September 2023. Payment date: 01 December 2023. Payout ratio is a comfortable 43% but the company is not cash flow positive. Trailing yield: 1.7%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (1.5%).공지 • Aug 31Tamura Corporation to Report Q2, 2024 Results on Nov 07, 2023Tamura Corporation announced that they will report Q2, 2024 results on Nov 07, 2023Reported Earnings • Aug 09First quarter 2024 earnings released: EPS: JP¥0.32 (vs JP¥1.92 in 1Q 2023)First quarter 2024 results: EPS: JP¥0.32 (down from JP¥1.92 in 1Q 2023). Revenue: JP¥24.5b (up 2.2% from 1Q 2023). Net income: JP¥26.0m (down 84% from 1Q 2023). Profit margin: 0.1% (down from 0.7% in 1Q 2023). Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.New Risk • Jun 18New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 1.5% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results.공지 • May 31Tamura Corporation to Report Q1, 2024 Results on Aug 04, 2023Tamura Corporation announced that they will report Q1, 2024 results on Aug 04, 2023Reported Earnings • May 15Full year 2023 earnings released: EPS: JP¥25.01 (vs JP¥1.02 loss in FY 2022)Full year 2023 results: EPS: JP¥25.01 (up from JP¥1.02 loss in FY 2022). Revenue: JP¥108.0b (up 22% from FY 2022). Net income: JP¥2.05b (up JP¥2.13b from FY 2022). Profit margin: 1.9% (up from net loss in FY 2022). Revenue is forecast to grow 3.0% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Electronic industry in Germany.공지 • May 13Tamura Corporation, Annual General Meeting, Jun 28, 2023Tamura Corporation, Annual General Meeting, Jun 28, 2023.Upcoming Dividend • Mar 23Upcoming dividend of JP¥5.00 per share at 1.3% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 29 June 2023. Payout ratio is a comfortable 17% but the company is not cash flow positive. Trailing yield: 1.3%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (1.0%).공지 • Feb 07+ 1 more updateTamura Corporation Provides Consolidated Earnings Guidance for the Year Ending March 31, 2023Tamura Corporation provided consolidated earnings guidance for the year ending March 31, 2023. For the year, the company expects net sales of ¥105,000 million, operating profit of ¥4,500 million, profit attributable to owners of parent of ¥2,700 million and earnings per share of ¥32.87.Reported Earnings • Feb 05Third quarter 2023 earnings released: EPS: JP¥8.95 (vs JP¥5.16 loss in 3Q 2022)Third quarter 2023 results: EPS: JP¥8.95 (up from JP¥5.16 loss in 3Q 2022). Revenue: JP¥28.9b (up 35% from 3Q 2022). Net income: JP¥731.0m (up JP¥1.16b from 3Q 2022). Profit margin: 2.5% (up from net loss in 3Q 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Electronic industry in Germany.공지 • Nov 30Tamura Corporation to Report Q3, 2023 Results on Feb 03, 2023Tamura Corporation announced that they will report Q3, 2023 results on Feb 03, 2023Reported Earnings • Nov 17Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: JP¥25.5b (up 18% from 2Q 2022). Net income: JP¥1.09b (up 418% from 2Q 2022). Profit margin: 4.3% (up from 1.0% in 2Q 2022). Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany.Board Change • Nov 17Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 6 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Outside Director Akira Kubota was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Nov 09Second quarter 2023 earnings released: EPS: JP¥13.33 (vs JP¥2.57 in 2Q 2022)Second quarter 2023 results: EPS: JP¥13.33 (up from JP¥2.57 in 2Q 2022). Revenue: JP¥25.5b (up 18% from 2Q 2022). Net income: JP¥1.09b (up 418% from 2Q 2022). Profit margin: 4.3% (up from 1.0% in 2Q 2022). Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany.공지 • Nov 09+ 1 more updateTamura Corporation Announces Cash Dividend for the Second Quarter-End of the Fiscal Year Ending March 31, 2023, Payable on December 1, 2022; Provides Dividend Guidance for the Fiscal Year Ending March 31, 2023Tamura Corporation announced cash dividend of JPY 5.00 per share for the second quarter-end of the fiscal year ending March 31, 2023 against JPY 5.00 per share paid a year ago. Scheduled date to commence dividend payments is December 1, 2022.The company provided dividend guidance for the fiscal year ending March 31, 2023. For the year-end, the company expects to pay cash dividend of JPY JPY 5.00 per share against JPY 5.00 per share paid a year ago.Upcoming Dividend • Sep 22Upcoming dividend of JP¥5.00 per shareEligible shareholders must have bought the stock before 29 September 2022. Payment date: 01 December 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (5.1%). Higher than average of industry peers (1.2%).공지 • Sep 03Tamura Corporation to Report Q2, 2023 Results on Nov 14, 2022Tamura Corporation announced that they will report Q2, 2023 results on Nov 14, 2022공지 • Aug 09+ 1 more updateTamura Corporation Provides Consolidated Earnings Forecast for the First Half and Full Year of Fiscal Year Ending March 31, 2023Tamura Corporation provided consolidated earnings forecast for the first half and full year of fiscal year ending March 31, 2023. For the first half, the company expected net sales to be JPY 45,600 million, Operating profit to be JPY 800 million, Profit attributable to owners of parent to be JPY 200 million and basic earnings per share to be JPY 2.43.For the full year, the company expected net sales to be JPY 94,000 million, Operating profit to be JPY 3,000 million, Profit attributable to owners of parent to be JPY 1,800 million and basic earnings per share to be JPY 21.91.Reported Earnings • Aug 07First quarter 2023 earnings released: EPS: JP¥1.92 (vs JP¥3.24 loss in 1Q 2022)First quarter 2023 results: EPS: JP¥1.92 (up from JP¥3.24 loss in 1Q 2022). Revenue: JP¥24.0b (up 23% from 1Q 2022). Net income: JP¥158.0m (up JP¥424.0m from 1Q 2022). Profit margin: 0.7% (up from net loss in 1Q 2022). Over the next year, revenue is forecast to grow 3.0%, compared to a 21% growth forecast for the industry in Germany.공지 • Jun 03Tamura Corporation to Report Q1, 2023 Results on Aug 05, 2022Tamura Corporation announced that they will report Q1, 2023 results on Aug 05, 2022공지 • May 18+ 1 more updateTamura Corporation Provides Consolidated Earning Guidance for the Six Months Ending September 30, 2022 and Full Year Ending March 31, 2023Tamura Corporation provides consolidated earning guidance for the six months ending September 30, 2022 and full year ending March 31, 2023. For the six months, the company expects net sales of JPY 45,600 million, operating profit of JPY 800 million, profit attributable to owners of parent of JPY 200 million and earnings per share of JPY 2.43. For the full year, the company expects net sales of JPY 94,000 million, operating profit of JPY 3,000 million, profit attributable to owners of parent of JPY 1,800 million and earnings per share of JPY 21.91.Reported Earnings • May 13Full year 2022 earnings released: JP¥1.02 loss per share (vs JP¥6.60 profit in FY 2021)Full year 2022 results: JP¥1.02 loss per share (down from JP¥6.60 profit in FY 2021). Revenue: JP¥88.3b (up 20% from FY 2021). Net loss: JP¥84.0m (down 116% from profit in FY 2021). Over the next year, revenue is forecast to grow 13%, compared to a 25% growth forecast for the industry in Germany.공지 • May 13Tamura Corporation, Annual General Meeting, Jun 28, 2022Tamura Corporation, Annual General Meeting, Jun 28, 2022.Board Change • Apr 29Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 6 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Outside Director Akira Kubota was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Upcoming Dividend • Mar 23Upcoming dividend of JP¥5.00 per shareEligible shareholders must have bought the stock before 30 March 2022. Payment date: 28 June 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 1.6%. Lower than top quartile of German dividend payers (3.6%). Higher than average of industry peers (0.7%).공지 • Mar 03Tamura Corporation to Report Fiscal Year 2022 Results on May 11, 2022Tamura Corporation announced that they will report fiscal year 2022 results on May 11, 2022Reported Earnings • Feb 06Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beatThird quarter 2022 results: JP¥5.16 loss per share (down from JP¥3.47 loss in 3Q 2021). Revenue: JP¥21.4b (up 13% from 3Q 2021). Net loss: JP¥424.0m (loss widened 49% from 3Q 2021). Revenue exceeded analyst estimates by 2.4%. Over the next year, revenue is forecast to grow 9.9%, compared to a 23% growth forecast for the industry in Germany.Reported Earnings • Nov 06Second quarter 2022 earnings released: EPS JP¥2.57 (vs JP¥4.16 in 2Q 2021)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2022 results: Revenue: JP¥21.6b (up 20% from 2Q 2021). Net income: JP¥211.0m (down 38% from 2Q 2021). Profit margin: 1.0% (down from 1.9% in 2Q 2021). The decrease in margin was driven by higher expenses.Upcoming Dividend • Sep 22Upcoming dividend of JP¥5.00 per shareEligible shareholders must have bought the stock before 29 September 2021. Payment date: 01 December 2021. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (3.2%). Higher than average of industry peers (0.7%).Reported Earnings • Aug 06First quarter 2022 earnings released: JP¥3.24 loss per share (vs JP¥3.84 loss in 1Q 2021)The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2022 results: Revenue: JP¥19.5b (up 28% from 1Q 2021). Net loss: JP¥266.0m (loss narrowed 16% from 1Q 2021).Reported Earnings • May 14Full year 2021 earnings released: EPS JP¥6.60 (vs JP¥12.48 in FY 2020)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥73.9b (down 7.2% from FY 2020). Net income: JP¥542.0m (down 47% from FY 2020). Profit margin: 0.7% (down from 1.3% in FY 2020). The decrease in margin was driven by lower revenue.Upcoming Dividend • Mar 23Upcoming Dividend of JP¥5.00 Per ShareWill be paid on the 26th of June to those who are registered shareholders by the 30th of March. The trailing yield of 1.5% is below the top quartile of German dividend payers (3.3%), but it is higher than industry peers (0.5%).공지 • Mar 04Tamura Corporation to Report Fiscal Year 2021 Results on May 11, 2021Tamura Corporation announced that they will report fiscal year 2021 results on May 11, 2021Is New 90 Day High Low • Feb 25New 90-day low: €4.10The company is down 1.0% from its price of €4.16 on 26 November 2020. The German market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 9.0% over the same period.Reported Earnings • Feb 07Third quarter 2021 earnings released: JP¥3.47 loss per share (vs JP¥3.12 profit in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: JP¥19.0b (down 2.9% from 3Q 2020). Net loss: JP¥285.0m (down 211% from profit in 3Q 2020).Analyst Estimate Surprise Post Earnings • Feb 07Revenue beats expectationsRevenue exceeded analyst estimates by 2.1%. Over the next year, revenue is forecast to grow 5.5%, compared to a 23% growth forecast for the Electronic industry in Germany.Is New 90 Day High Low • Dec 10New 90-day high: €4.50The company is up 4.0% from its price of €4.34 on 10 September 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Electronic 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 €2.09 per share.공지 • Dec 05Tamura Corporation to Report Q3, 2021 Results on Feb 04, 2021Tamura Corporation announced that they will report Q3, 2021 results on Feb 04, 2021Analyst Estimate Surprise Post Earnings • Nov 07Revenue beats expectationsRevenue exceeded analyst estimates by 3.5%. Over the next year, revenue is forecast to stay flat compared to a 23% growth forecast for the Electronic industry in Germany.Reported Earnings • Nov 07Second quarter 2021 earnings released: EPS JP¥4.16The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥18.0b (down 9.9% from 2Q 2020). Net income: JP¥342.0m (down 56% from 2Q 2020). Profit margin: 1.9% (down from 3.8% in 2Q 2020). The decrease in margin was driven by lower revenue.공지 • Sep 04Tamura Corporation to Report Q2, 2021 Results on Nov 05, 2020Tamura Corporation announced that they will report Q2, 2021 results on Nov 05, 2020이익 및 매출 성장 예측DB:5IA - 애널리스트 향후 추정치 및 과거 재무 데이터 (JPY Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수3/31/2028136,0004,650N/AN/A23/31/2027129,0003,200N/AN/A23/31/2026121,500800N/AN/A212/31/2025121,1871,626N/AN/AN/A9/30/2025119,7872,1599385,229N/A6/30/2025118,4772,230N/AN/AN/A3/31/2025114,0512,7825,6729,082N/A12/31/2024110,3463,333N/AN/AN/A9/30/2024107,2043,1309,00811,991N/A6/30/2024106,5703,012N/AN/AN/A3/31/2024106,6222,2406,4259,505N/A12/31/2023108,573804N/AN/AN/A9/30/2023110,4188494,2276,931N/A6/30/2023108,5101,915N/AN/AN/A3/31/2023107,9932,047-4602,180N/A12/31/2022104,1622,376N/AN/AN/A9/30/202296,6351,221-6,316-3,212N/A6/30/202292,780340N/AN/AN/A3/31/202288,328-84-8,336-4,949N/A12/31/202184,103321N/AN/AN/A9/30/202181,720460-3,406855N/A6/30/202178,156591N/AN/AN/A3/31/202173,9065421,2415,049N/A12/31/202073,408-256N/AN/AN/A9/30/202073,9722854523,894N/A6/30/202075,961711N/AN/AN/A3/31/202079,6551,0247295,456N/A12/31/201981,0842,732N/AN/AN/A9/30/201982,9045,671N/A5,646N/A6/30/201985,0245,351N/AN/AN/A3/31/201987,0086,397N/A4,669N/A12/31/201887,2135,082N/AN/AN/A9/30/201887,1943,033N/A4,574N/A6/30/201886,9134,080N/AN/AN/A3/31/201885,5583,630N/A2,652N/A12/31/201783,3253,698N/AN/AN/A9/30/201780,5864,424N/A3,911N/A6/30/201779,7453,804N/AN/AN/A3/31/201779,6073,727N/A8,140N/A12/31/201681,3913,281N/AN/AN/A9/30/201683,4081,943N/A8,227N/A6/30/201684,3811,956N/AN/AN/A3/31/201684,6421,783N/A8,345N/A12/31/201585,1232,648N/AN/AN/A9/30/201585,8243,092N/A5,508N/A6/30/201585,5862,854N/AN/AN/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 5IA 의 연간 예상 수익 증가율(61.8%)이 saving rate(1.9%)보다 높습니다.수익 vs 시장: 5IA 의 연간 수익(61.8%)이 German 시장(16.9%)보다 빠르게 성장할 것으로 예상됩니다.고성장 수익: 5IA 의 수입은 향후 3년 동안 상당히 증가할 것으로 예상됩니다.수익 대 시장: 5IA 의 수익(연간 5.4%)이 German 시장(연간 6.5%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: 5IA 의 수익(연간 5.4%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 5IA의 자본 수익률은 3년 후 7.2%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YTech 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/07 14:08종가2026/05/07 00:00수익2025/12/31연간 수익2025/03/31데이터 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 소스Tamura Corporation는 5명의 분석가가 다루고 있습니다. 이 중 2명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Kenichi YagiharaDaiwa Securities Co. Ltd.Koichi HariyaIchiyoshi Research Institute Inc.Fumihide GotoMizuho Securities Co., Ltd.2명의 분석가 더 보기
공지 • May 16+ 1 more updateTamura Corporation Provides Consolidated Earnings Guidance for the Year Ending March 31, 2025Tamura Corporation provided consolidated earnings guidance for the year ending March 31, 2025. For the year, the company expects net sales of ¥112,000 million, operating profit of ¥5,200 million, profit attributable to owners of parent of ¥3,400 million and earnings per share of ¥41.60.
공지 • Feb 07+ 1 more updateTamura Corporation Provides Consolidated Earnings Guidance for the Year Ending March 31, 2023Tamura Corporation provided consolidated earnings guidance for the year ending March 31, 2023. For the year, the company expects net sales of ¥105,000 million, operating profit of ¥4,500 million, profit attributable to owners of parent of ¥2,700 million and earnings per share of ¥32.87.
공지 • Aug 09+ 1 more updateTamura Corporation Provides Consolidated Earnings Forecast for the First Half and Full Year of Fiscal Year Ending March 31, 2023Tamura Corporation provided consolidated earnings forecast for the first half and full year of fiscal year ending March 31, 2023. For the first half, the company expected net sales to be JPY 45,600 million, Operating profit to be JPY 800 million, Profit attributable to owners of parent to be JPY 200 million and basic earnings per share to be JPY 2.43.For the full year, the company expected net sales to be JPY 94,000 million, Operating profit to be JPY 3,000 million, Profit attributable to owners of parent to be JPY 1,800 million and basic earnings per share to be JPY 21.91.
공지 • May 18+ 1 more updateTamura Corporation Provides Consolidated Earning Guidance for the Six Months Ending September 30, 2022 and Full Year Ending March 31, 2023Tamura Corporation provides consolidated earning guidance for the six months ending September 30, 2022 and full year ending March 31, 2023. For the six months, the company expects net sales of JPY 45,600 million, operating profit of JPY 800 million, profit attributable to owners of parent of JPY 200 million and earnings per share of JPY 2.43. For the full year, the company expects net sales of JPY 94,000 million, operating profit of JPY 3,000 million, profit attributable to owners of parent of JPY 1,800 million and earnings per share of JPY 21.91.
공지 • Mar 07Tamura Corporation to Report Fiscal Year 2026 Results on May 11, 2026Tamura Corporation announced that they will report fiscal year 2026 results on May 11, 2026
공지 • Dec 01Tamura Corporation to Report Q3, 2026 Results on Feb 06, 2026Tamura Corporation announced that they will report Q3, 2026 results on Feb 06, 2026
공지 • Sep 25Tamura Corporation to Report Q2, 2026 Results on Nov 10, 2025Tamura Corporation announced that they will report Q2, 2026 results on Nov 10, 2025
공지 • Jun 03Tamura Corporation to Report Q1, 2026 Results on Aug 06, 2025Tamura Corporation announced that they will report Q1, 2026 results on Aug 06, 2025
공지 • May 13Tamura Corporation (TSE:6768) announces an Equity Buyback for 3,500,000 shares, representing 4.25% for ¥1,000 million.Nagaileben Co., Ltd. (TSE:7447) announces a share repurchase program. Under the program, the company will repurchase up to 3,500,000 shares, representing 4.25% of its issued share capital, for ¥1,000 million. The purpose of the program is to enhance shareholder returns and further improve capital efficiency. The program will be valid till March 31, 2026. As of March 31, 2025, the company has 82,299,673 issued shares (excluding treasury stock) and 968,779 treasury shares.
공지 • May 12+ 4 more updatesTamura Corporation, Annual General Meeting, Jun 26, 2025Tamura Corporation, Annual General Meeting, Jun 26, 2025.
공지 • Mar 04Tamura Corporation to Report Fiscal Year 2025 Results on May 12, 2025Tamura Corporation announced that they will report fiscal year 2025 results on May 12, 2025
공지 • Feb 26Tamura Corporation Announces Board and Executive ChangesTamura Corporation announced that a meeting of the Board of Directors held y resolved to make the following changes in representative directors, based on a report of the Nomination and Remuneration Advisory Committee. Name: Masahiro Asada. New Title: Chairperson, Representative Director, CEO & CFO. Current Title: Representative Director, President, CEO & CFO. Name: Mitsutaka Nakamura. New title: Representative Director, President, COO. Current title: Director, EVP & CSO, In Charge of Corporate strategy. Date of Change: April 1, 2025. Reason for Change: This change aims to promote further growth as a company and ensure a smooth generational transition in the management team. Under the leadership of Mitsutaka Nakamura, who will assume the role of President and COO, the Company will advance the 14th Medium-term Management Plan starting April 1, 2025, to enhance corporate value. Masahiro Asada will support the development of Tamura Group's business and the stability of management as Chairperson and CEO. Name: Mitsutaka Nakamura. Date of Birth: March 9, 1971. Career: September 1997- Joined Tamura Kaken Corporation (Currently Tamura Corporation). October2016- General Manager of Electronic Chemicals Business Sector Sales. October 2017- Executive Officer, General Manager of PWB Functional Materials Division; Electronic Chemicals/FA Systems Business Sector. April 2019- Senior Executive Officer, General Manager of PWB Functional Materials Division, Electronic Chemicals/FA Systems Business Sector. April 2021 -President, Tamura Corporation (Thailand) Co. Ltd. April 2022- Deputy General Manager of Electronic Components Business Sector. April 2023 -General Manager of Electronic Components Business Sector Sales. June 2024 -Director, EVP & CSO, in charge of Corporate Strategy. October 2024 -Head of Marketing Strategy Division.
공지 • Dec 13Tamura Corporation to Report Q3, 2025 Results on Feb 06, 2025Tamura Corporation announced that they will report Q3, 2025 results on Feb 06, 2025
Reported Earnings • Nov 17Second quarter 2025 earnings released: EPS: JP¥1.76 (vs JP¥0.32 in 2Q 2024)Second quarter 2025 results: EPS: JP¥1.76 (up from JP¥0.32 in 2Q 2024). Revenue: JP¥28.0b (up 2.3% from 2Q 2024). Net income: JP¥144.0m (up 454% from 2Q 2024). Profit margin: 0.5% (up from 0.1% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings.
공지 • Nov 15+ 2 more updatesTamura Corporation Provides Year-End Cash Dividend Guidance for the Fiscal Year Ending March 31, 2025Tamura Corporation Provided year-end cash dividend guidance for the fiscal year ending March 31, 2025. For the period, the company expects to pay year-end dividend of JPY 8.00 per share compared to JPY 5.00 per share paid a year ago.
Upcoming Dividend • Sep 20Upcoming dividend of JP¥5.00 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of German dividend payers (4.8%). In line with average of industry peers (1.8%).
공지 • Aug 30Tamura Corporation to Report Q2, 2025 Results on Nov 08, 2024Tamura Corporation announced that they will report Q2, 2025 results on Nov 08, 2024
New Risk • Aug 10New 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 6.7% 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: 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 (6.7% average weekly change).
Reported Earnings • Aug 07First quarter 2025 earnings released: EPS: JP¥9.76 (vs JP¥0.32 in 1Q 2024)First quarter 2025 results: EPS: JP¥9.76 (up from JP¥0.32 in 1Q 2024). Revenue: JP¥24.4b (flat on 1Q 2024). Net income: JP¥798.0m (up JP¥772.0m from 1Q 2024). Profit margin: 3.3% (up from 0.1% in 1Q 2024). Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €3.34, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 15x in the Electronic industry in Germany. Total loss to shareholders of 41% over the past three years.
Declared Dividend • Jul 11Final dividend of JP¥5.00 announcedShareholders will receive a dividend of JP¥5.00. Ex-date: 27th September 2024 Payment date: 2nd December 2024 Dividend yield will be 125%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is not covered by earnings (102% earnings payout ratio). However, it is well covered by cash flows (13% cash payout ratio). The dividend has increased by an average of 5.2% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 13% to bring the payout ratio under control. EPS is expected to grow by 37% over the next 2 years, which is sufficient to bring the dividend into a sustainable range.
공지 • Jun 06Tamura Corporation to Report Q1, 2025 Results on Aug 05, 2024Tamura Corporation announced that they will report Q1, 2025 results on Aug 05, 2024
Valuation Update With 7 Day Price Move • May 31Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €4.40, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 13x in the Electronic industry in Germany. Total returns to shareholders of 6.3% over the past three years.
공지 • May 16+ 1 more updateTamura Corporation Provides Consolidated Earnings Guidance for the Year Ending March 31, 2025Tamura Corporation provided consolidated earnings guidance for the year ending March 31, 2025. For the year, the company expects net sales of ¥112,000 million, operating profit of ¥5,200 million, profit attributable to owners of parent of ¥3,400 million and earnings per share of ¥41.60.
Reported Earnings • May 13Full year 2024 earnings released: EPS: JP¥27.41 (vs JP¥25.01 in FY 2023)Full year 2024 results: EPS: JP¥27.41 (up from JP¥25.01 in FY 2023). Revenue: JP¥106.6b (down 1.3% from FY 2023). Net income: JP¥2.24b (up 9.4% from FY 2023). Profit margin: 2.1% (up from 1.9% in FY 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 3.8% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
공지 • May 12Tamura Corporation, Annual General Meeting, Jun 26, 2024Tamura Corporation, Annual General Meeting, Jun 26, 2024.
Upcoming Dividend • Mar 21Upcoming dividend of JP¥5.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (4.9%). Higher than average of industry peers (1.5%).
공지 • Mar 03Tamura Corporation to Report Fiscal Year 2024 Results on May 10, 2024Tamura Corporation announced that they will report fiscal year 2024 results on May 10, 2024
Reported Earnings • Feb 08Third quarter 2024 earnings released: EPS: JP¥8.39 (vs JP¥8.95 in 3Q 2023)Third quarter 2024 results: EPS: JP¥8.39 (down from JP¥8.95 in 3Q 2023). Revenue: JP¥27.0b (down 6.4% from 3Q 2023). Net income: JP¥686.0m (down 6.2% from 3Q 2023). Profit margin: 2.5% (in line with 3Q 2023). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 10.0% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.
공지 • Feb 06Tamura Corporation Provides Dividend Guidance for the Year Ending March 31, 2024Tamura Corporation provided dividend guidance for the year ending March 31, 2024. For the year, the company expects to pay dividend of JPY 5.00 per share.
New Risk • Dec 17New major risk - Revenue and earnings growthEarnings have declined by 39% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 39% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.8% net profit margin).
공지 • Dec 03Tamura Corporation to Report Q3, 2024 Results on Feb 05, 2024Tamura Corporation announced that they will report Q3, 2024 results on Feb 05, 2024
Reported Earnings • Nov 09Second quarter 2024 earnings released: EPS: JP¥0.32 (vs JP¥13.33 in 2Q 2023)Second quarter 2024 results: EPS: JP¥0.32 (down from JP¥13.33 in 2Q 2023). Revenue: JP¥27.4b (up 7.5% from 2Q 2023). Net income: JP¥26.0m (down 98% from 2Q 2023). Profit margin: 0.1% (down from 4.3% in 2Q 2023). Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Sep 21Upcoming dividend of JP¥5.00 per share at 1.7% yieldEligible shareholders must have bought the stock before 28 September 2023. Payment date: 01 December 2023. Payout ratio is a comfortable 43% but the company is not cash flow positive. Trailing yield: 1.7%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (1.5%).
공지 • Aug 31Tamura Corporation to Report Q2, 2024 Results on Nov 07, 2023Tamura Corporation announced that they will report Q2, 2024 results on Nov 07, 2023
Reported Earnings • Aug 09First quarter 2024 earnings released: EPS: JP¥0.32 (vs JP¥1.92 in 1Q 2023)First quarter 2024 results: EPS: JP¥0.32 (down from JP¥1.92 in 1Q 2023). Revenue: JP¥24.5b (up 2.2% from 1Q 2023). Net income: JP¥26.0m (down 84% from 1Q 2023). Profit margin: 0.1% (down from 0.7% in 1Q 2023). Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
New Risk • Jun 18New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 1.5% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results.
공지 • May 31Tamura Corporation to Report Q1, 2024 Results on Aug 04, 2023Tamura Corporation announced that they will report Q1, 2024 results on Aug 04, 2023
Reported Earnings • May 15Full year 2023 earnings released: EPS: JP¥25.01 (vs JP¥1.02 loss in FY 2022)Full year 2023 results: EPS: JP¥25.01 (up from JP¥1.02 loss in FY 2022). Revenue: JP¥108.0b (up 22% from FY 2022). Net income: JP¥2.05b (up JP¥2.13b from FY 2022). Profit margin: 1.9% (up from net loss in FY 2022). Revenue is forecast to grow 3.0% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Electronic industry in Germany.
공지 • May 13Tamura Corporation, Annual General Meeting, Jun 28, 2023Tamura Corporation, Annual General Meeting, Jun 28, 2023.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥5.00 per share at 1.3% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 29 June 2023. Payout ratio is a comfortable 17% but the company is not cash flow positive. Trailing yield: 1.3%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (1.0%).
공지 • Feb 07+ 1 more updateTamura Corporation Provides Consolidated Earnings Guidance for the Year Ending March 31, 2023Tamura Corporation provided consolidated earnings guidance for the year ending March 31, 2023. For the year, the company expects net sales of ¥105,000 million, operating profit of ¥4,500 million, profit attributable to owners of parent of ¥2,700 million and earnings per share of ¥32.87.
Reported Earnings • Feb 05Third quarter 2023 earnings released: EPS: JP¥8.95 (vs JP¥5.16 loss in 3Q 2022)Third quarter 2023 results: EPS: JP¥8.95 (up from JP¥5.16 loss in 3Q 2022). Revenue: JP¥28.9b (up 35% from 3Q 2022). Net income: JP¥731.0m (up JP¥1.16b from 3Q 2022). Profit margin: 2.5% (up from net loss in 3Q 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Electronic industry in Germany.
공지 • Nov 30Tamura Corporation to Report Q3, 2023 Results on Feb 03, 2023Tamura Corporation announced that they will report Q3, 2023 results on Feb 03, 2023
Reported Earnings • Nov 17Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: JP¥25.5b (up 18% from 2Q 2022). Net income: JP¥1.09b (up 418% from 2Q 2022). Profit margin: 4.3% (up from 1.0% in 2Q 2022). Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany.
Board Change • Nov 17Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 6 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Outside Director Akira Kubota was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Nov 09Second quarter 2023 earnings released: EPS: JP¥13.33 (vs JP¥2.57 in 2Q 2022)Second quarter 2023 results: EPS: JP¥13.33 (up from JP¥2.57 in 2Q 2022). Revenue: JP¥25.5b (up 18% from 2Q 2022). Net income: JP¥1.09b (up 418% from 2Q 2022). Profit margin: 4.3% (up from 1.0% in 2Q 2022). Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany.
공지 • Nov 09+ 1 more updateTamura Corporation Announces Cash Dividend for the Second Quarter-End of the Fiscal Year Ending March 31, 2023, Payable on December 1, 2022; Provides Dividend Guidance for the Fiscal Year Ending March 31, 2023Tamura Corporation announced cash dividend of JPY 5.00 per share for the second quarter-end of the fiscal year ending March 31, 2023 against JPY 5.00 per share paid a year ago. Scheduled date to commence dividend payments is December 1, 2022.The company provided dividend guidance for the fiscal year ending March 31, 2023. For the year-end, the company expects to pay cash dividend of JPY JPY 5.00 per share against JPY 5.00 per share paid a year ago.
Upcoming Dividend • Sep 22Upcoming dividend of JP¥5.00 per shareEligible shareholders must have bought the stock before 29 September 2022. Payment date: 01 December 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (5.1%). Higher than average of industry peers (1.2%).
공지 • Sep 03Tamura Corporation to Report Q2, 2023 Results on Nov 14, 2022Tamura Corporation announced that they will report Q2, 2023 results on Nov 14, 2022
공지 • Aug 09+ 1 more updateTamura Corporation Provides Consolidated Earnings Forecast for the First Half and Full Year of Fiscal Year Ending March 31, 2023Tamura Corporation provided consolidated earnings forecast for the first half and full year of fiscal year ending March 31, 2023. For the first half, the company expected net sales to be JPY 45,600 million, Operating profit to be JPY 800 million, Profit attributable to owners of parent to be JPY 200 million and basic earnings per share to be JPY 2.43.For the full year, the company expected net sales to be JPY 94,000 million, Operating profit to be JPY 3,000 million, Profit attributable to owners of parent to be JPY 1,800 million and basic earnings per share to be JPY 21.91.
Reported Earnings • Aug 07First quarter 2023 earnings released: EPS: JP¥1.92 (vs JP¥3.24 loss in 1Q 2022)First quarter 2023 results: EPS: JP¥1.92 (up from JP¥3.24 loss in 1Q 2022). Revenue: JP¥24.0b (up 23% from 1Q 2022). Net income: JP¥158.0m (up JP¥424.0m from 1Q 2022). Profit margin: 0.7% (up from net loss in 1Q 2022). Over the next year, revenue is forecast to grow 3.0%, compared to a 21% growth forecast for the industry in Germany.
공지 • Jun 03Tamura Corporation to Report Q1, 2023 Results on Aug 05, 2022Tamura Corporation announced that they will report Q1, 2023 results on Aug 05, 2022
공지 • May 18+ 1 more updateTamura Corporation Provides Consolidated Earning Guidance for the Six Months Ending September 30, 2022 and Full Year Ending March 31, 2023Tamura Corporation provides consolidated earning guidance for the six months ending September 30, 2022 and full year ending March 31, 2023. For the six months, the company expects net sales of JPY 45,600 million, operating profit of JPY 800 million, profit attributable to owners of parent of JPY 200 million and earnings per share of JPY 2.43. For the full year, the company expects net sales of JPY 94,000 million, operating profit of JPY 3,000 million, profit attributable to owners of parent of JPY 1,800 million and earnings per share of JPY 21.91.
Reported Earnings • May 13Full year 2022 earnings released: JP¥1.02 loss per share (vs JP¥6.60 profit in FY 2021)Full year 2022 results: JP¥1.02 loss per share (down from JP¥6.60 profit in FY 2021). Revenue: JP¥88.3b (up 20% from FY 2021). Net loss: JP¥84.0m (down 116% from profit in FY 2021). Over the next year, revenue is forecast to grow 13%, compared to a 25% growth forecast for the industry in Germany.
공지 • May 13Tamura Corporation, Annual General Meeting, Jun 28, 2022Tamura Corporation, Annual General Meeting, Jun 28, 2022.
Board Change • Apr 29Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 6 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Outside Director Akira Kubota was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥5.00 per shareEligible shareholders must have bought the stock before 30 March 2022. Payment date: 28 June 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 1.6%. Lower than top quartile of German dividend payers (3.6%). Higher than average of industry peers (0.7%).
공지 • Mar 03Tamura Corporation to Report Fiscal Year 2022 Results on May 11, 2022Tamura Corporation announced that they will report fiscal year 2022 results on May 11, 2022
Reported Earnings • Feb 06Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beatThird quarter 2022 results: JP¥5.16 loss per share (down from JP¥3.47 loss in 3Q 2021). Revenue: JP¥21.4b (up 13% from 3Q 2021). Net loss: JP¥424.0m (loss widened 49% from 3Q 2021). Revenue exceeded analyst estimates by 2.4%. Over the next year, revenue is forecast to grow 9.9%, compared to a 23% growth forecast for the industry in Germany.
Reported Earnings • Nov 06Second quarter 2022 earnings released: EPS JP¥2.57 (vs JP¥4.16 in 2Q 2021)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2022 results: Revenue: JP¥21.6b (up 20% from 2Q 2021). Net income: JP¥211.0m (down 38% from 2Q 2021). Profit margin: 1.0% (down from 1.9% in 2Q 2021). The decrease in margin was driven by higher expenses.
Upcoming Dividend • Sep 22Upcoming dividend of JP¥5.00 per shareEligible shareholders must have bought the stock before 29 September 2021. Payment date: 01 December 2021. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (3.2%). Higher than average of industry peers (0.7%).
Reported Earnings • Aug 06First quarter 2022 earnings released: JP¥3.24 loss per share (vs JP¥3.84 loss in 1Q 2021)The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2022 results: Revenue: JP¥19.5b (up 28% from 1Q 2021). Net loss: JP¥266.0m (loss narrowed 16% from 1Q 2021).
Reported Earnings • May 14Full year 2021 earnings released: EPS JP¥6.60 (vs JP¥12.48 in FY 2020)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥73.9b (down 7.2% from FY 2020). Net income: JP¥542.0m (down 47% from FY 2020). Profit margin: 0.7% (down from 1.3% in FY 2020). The decrease in margin was driven by lower revenue.
Upcoming Dividend • Mar 23Upcoming Dividend of JP¥5.00 Per ShareWill be paid on the 26th of June to those who are registered shareholders by the 30th of March. The trailing yield of 1.5% is below the top quartile of German dividend payers (3.3%), but it is higher than industry peers (0.5%).
공지 • Mar 04Tamura Corporation to Report Fiscal Year 2021 Results on May 11, 2021Tamura Corporation announced that they will report fiscal year 2021 results on May 11, 2021
Is New 90 Day High Low • Feb 25New 90-day low: €4.10The company is down 1.0% from its price of €4.16 on 26 November 2020. The German market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 9.0% over the same period.
Reported Earnings • Feb 07Third quarter 2021 earnings released: JP¥3.47 loss per share (vs JP¥3.12 profit in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: JP¥19.0b (down 2.9% from 3Q 2020). Net loss: JP¥285.0m (down 211% from profit in 3Q 2020).
Analyst Estimate Surprise Post Earnings • Feb 07Revenue beats expectationsRevenue exceeded analyst estimates by 2.1%. Over the next year, revenue is forecast to grow 5.5%, compared to a 23% growth forecast for the Electronic industry in Germany.
Is New 90 Day High Low • Dec 10New 90-day high: €4.50The company is up 4.0% from its price of €4.34 on 10 September 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Electronic 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 €2.09 per share.
공지 • Dec 05Tamura Corporation to Report Q3, 2021 Results on Feb 04, 2021Tamura Corporation announced that they will report Q3, 2021 results on Feb 04, 2021
Analyst Estimate Surprise Post Earnings • Nov 07Revenue beats expectationsRevenue exceeded analyst estimates by 3.5%. Over the next year, revenue is forecast to stay flat compared to a 23% growth forecast for the Electronic industry in Germany.
Reported Earnings • Nov 07Second quarter 2021 earnings released: EPS JP¥4.16The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥18.0b (down 9.9% from 2Q 2020). Net income: JP¥342.0m (down 56% from 2Q 2020). Profit margin: 1.9% (down from 3.8% in 2Q 2020). The decrease in margin was driven by lower revenue.
공지 • Sep 04Tamura Corporation to Report Q2, 2021 Results on Nov 05, 2020Tamura Corporation announced that they will report Q2, 2021 results on Nov 05, 2020