Major Estimate Revision • Jun 26
Consensus EPS estimates increase by 106%, revenue downgraded The consensus outlook for fiscal year 2027 has been updated. 2027 revenue forecast fell from JP¥170.0b to JP¥165.0b. EPS estimate rose from JP¥67.40 to JP¥139. Net income forecast to grow 3.9% next year vs 1.0% growth forecast for Auto Components industry in Japan. Consensus price target up from JP¥700 to JP¥900. Share price was steady at JP¥1,007 over the past week. 공시 • Jun 03
DaikyoNishikawa Corporation to Report Q1, 2027 Results on Aug 06, 2026 DaikyoNishikawa Corporation announced that they will report Q1, 2027 results on Aug 06, 2026 Reported Earnings • May 15
Full year 2026 earnings: EPS and revenues exceed analyst expectations Full year 2026 results: EPS: JP¥126 (up from JP¥91.35 in FY 2025). Revenue: JP¥165.7b (down 1.7% from FY 2025). Net income: JP¥8.66b (up 33% from FY 2025). Profit margin: 5.2% (up from 3.9% in FY 2025). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) also surpassed analyst estimates by 42%. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Auto Components industry in Japan. 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 14% per year, which means it is significantly lagging earnings growth. 공시 • May 14
DaikyoNishikawa Corporation (TSE:4246) announces an Equity Buyback for 2,850,000 shares, representing 4.33% for ¥2,000 million. DaikyoNishikawa Corporation (TSE:4246) announces a share repurchase program. Under the program, the company will repurchase up to 2,850,000 shares, representing 4.33% of its issued share capital (excluding treasury stock), for a total purchase price of ¥2,000 million. The purpose of the program is to improve capital efficiency and increase earnings per share and further return profits to shareholders. The program will be valid till September 30, 2026 . As of March 31, 2026, the company has 65,862,866 issued shares (excluding treasury stock) and 5,134,934 treasury shares. New Risk • May 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 12% per year for the foreseeable future. Minor Risk Share price has been volatile over the past 3 months (6.9% average weekly change). Valuation Update With 7 Day Price Move • May 14
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to JP¥1,046, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 11x in the Auto Components industry in Japan. Total returns to shareholders of 65% over the past three years. 공시 • May 14
DaikyoNishikawa Corporation, Annual General Meeting, Jun 19, 2026 DaikyoNishikawa Corporation, Annual General Meeting, Jun 19, 2026. 공시 • May 09
DaikyoNishikawa Corporation to Report Fiscal Year 2026 Results on May 13, 2026 DaikyoNishikawa Corporation announced that they will report fiscal year 2026 results on May 13, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥19.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 19 June 2026. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 4.6%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.8%). Reported Earnings • Feb 16
Third quarter 2026 earnings released: EPS: JP¥36.52 (vs JP¥8.08 in 3Q 2025) Third quarter 2026 results: EPS: JP¥36.52 (up from JP¥8.08 in 3Q 2025). Revenue: JP¥42.0b (flat on 3Q 2025). Net income: JP¥2.50b (up 335% from 3Q 2025). Profit margin: 6.0% (up from 1.4% in 3Q 2025). Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. 공시 • Jan 07
DaikyoNishikawa Corporation (TSE:4246) announces an Equity Buyback for 2,600,000 shares, representing 3.8% for ¥2,300 million. DaikyoNishikawa Corporation (TSE:4246) announces a share repurchase program. Under the program, the company will repurchase up to 2,600,000 shares, representing 3.80% of its issued share capital (excluding treasury stock), for a total purchase price of ¥2,300 million. The purpose of the program is to enhance capital efficiency and further return value to shareholders, and to mitigate the impact on supply and demand for the Company’s shares resulting from the secondary offering of common shares. Some shares will be repurchased from NISHIKAWA RUBBER CO., LTD. The program will be valid till January 13, 2026. As of January 7, 2026, the company has 68,369,876 issued shares (excluding treasury stock) and 2,627,924 treasury shares. Major Estimate Revision • Dec 19
Consensus EPS estimates increase by 147% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from JP¥160.0b to JP¥162.0b. EPS estimate increased from JP¥36.00 to JP¥88.90 per share. Net income forecast to shrink 24% next year vs 7.3% growth forecast for Auto Components industry in Japan . Consensus price target up from JP¥600 to JP¥700. Share price rose 3.3% to JP¥789 over the past week. Declared Dividend • Dec 05
First half dividend of JP¥19.00 announced Shareholders will receive a dividend of JP¥19.00. Ex-date: 30th March 2026 Payment date: 19th June 2026 Dividend yield will be 5.0%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (19% earnings payout ratio) and cash flows (24% cash payout ratio). The dividend has increased by an average of 13% 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 decline by 9.9% over the next 3 years. However, it would need to fall by 79% to increase the payout ratio to a potentially unsustainable range. 공시 • Dec 04
DaikyoNishikawa Corporation to Report Q3, 2026 Results on Feb 12, 2026 DaikyoNishikawa Corporation announced that they will report Q3, 2026 results on Feb 12, 2026 Reported Earnings • Nov 08
Second quarter 2026 earnings released: EPS: JP¥27.55 (vs JP¥12.98 in 2Q 2025) Second quarter 2026 results: EPS: JP¥27.55 (up from JP¥12.98 in 2Q 2025). Revenue: JP¥39.6b (down 7.7% from 2Q 2025). Net income: JP¥1.90b (up 106% from 2Q 2025). Profit margin: 4.8% (up from 2.1% in 2Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to stay flat during the next 3 years compared to a 2.8% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥19.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 04 December 2025. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 4.9%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (3.0%). 공시 • Sep 03
DaikyoNishikawa Corporation to Report Q2, 2026 Results on Nov 06, 2025 DaikyoNishikawa Corporation announced that they will report Q2, 2026 results on Nov 06, 2025 Reported Earnings • Aug 08
First quarter 2026 earnings released: EPS: JP¥28.19 (vs JP¥32.78 in 1Q 2025) First quarter 2026 results: EPS: JP¥28.19 (down from JP¥32.78 in 1Q 2025). Revenue: JP¥42.1b (up 3.8% from 1Q 2025). Net income: JP¥2.00b (down 14% from 1Q 2025). Profit margin: 4.7% (down from 5.7% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 2.7% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Declared Dividend • Jul 09
Final dividend of JP¥19.00 announced Shareholders will receive a dividend of JP¥19.00. Ex-date: 29th September 2025 Payment date: 4th December 2025 Dividend yield will be 5.7%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by both earnings (52% earnings payout ratio) and cash flows (31% cash payout ratio). The dividend has increased by an average of 13% 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 decline by 7.8% over the next 3 years. However, it would need to fall by 42% to increase the payout ratio to a potentially unsustainable range. Buy Or Sell Opportunity • Jul 07
Now 21% undervalued Over the last 90 days, the stock has risen 21% to JP¥652. The fair value is estimated to be JP¥828, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to decline by 0.07% per annum. Earnings are also forecast to decline by 4.2% per annum over the same time period. Major Estimate Revision • Jun 28
Consensus EPS estimates fall by 57% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from JP¥175.0b to JP¥160.0b. EPS estimate also fell from JP¥84.30 per share to JP¥36.00 per share. Net income forecast to shrink 62% next year vs 1.5% growth forecast for Auto Components industry in Japan . Consensus price target down from JP¥650 to JP¥600. Share price fell 2.3% to JP¥649 over the past week. New Risk • Jun 27
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 4.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Reported Earnings • Jun 20
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: JP¥91.35 (up from JP¥81.33 in FY 2024). Revenue: JP¥168.6b (up 6.0% from FY 2024). Net income: JP¥6.50b (up 12% from FY 2024). Profit margin: 3.9% (up from 3.6% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 8.2%. Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. 공시 • Jun 03
DaikyoNishikawa Corporation to Report Q1, 2026 Results on Aug 07, 2025 DaikyoNishikawa Corporation announced that they will report Q1, 2026 results on Aug 07, 2025 공시 • May 15
DaikyoNishikawa Corporation (TSE:4246) announces an Equity Buyback for 4,250,000 shares, representing 5.97% for ¥2,000 million. DaikyoNishikawa Corporation (TSE:4246) announces a share repurchase program. Under the program, the company will repurchase up to 4,250,000 shares, representing 5.97% of its total shares outstanding (excluding treasury shares), for a total of ¥2,000 million. The purpose of repurchase program is to improve capital efficiency, increase earnings per share, and further return profits to shareholders. The repurchase program is valid till October 31, 2025. As of March 31, 2025, the company had 71,141,792 shares outstanding (excluding treasury shares) and had 2,754,608 shares in treasury. Reported Earnings • May 15
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: JP¥91.35 (up from JP¥81.33 in FY 2024). Revenue: JP¥168.6b (up 6.0% from FY 2024). Net income: JP¥6.50b (up 12% from FY 2024). Profit margin: 3.9% (up from 3.6% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 8.2%. Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. 공시 • May 13
DaikyoNishikawa Corporation, Annual General Meeting, Jun 18, 2025 DaikyoNishikawa Corporation, Annual General Meeting, Jun 18, 2025. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥506, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 7x in the Auto Components industry in Japan. Total returns to shareholders of 14% over the past three years. 공시 • Mar 28
DaikyoNishikawa Corporation (TSE:4246) acquired remaining 30% stake in DMS Tech Co.,Ltd. from Srithai Miyagawa Co. Ltd and Miyagawa Kasei Industry Co., Ltd. DaikyoNishikawa Corporation (TSE:4246) acquired remaining 30% stake in DMS Tech Co.,Ltd. from Srithai Miyagawa Co. Ltd and Miyagawa Kasei Industry Co., Ltd. on March 24, 2025.
DaikyoNishikawa Corporation (TSE:4246) completed the acquisition of the remaining 30% stake in DMS Tech Co.,Ltd. from Srithai Miyagawa Co. Ltd and Miyagawa Kasei Industry Co., Ltd. on March 24, 2025. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥17.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 24 June 2025. Payout ratio is a comfortable 52% and this is well supported by cash flows. Trailing yield: 5.4%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (3.3%). 공시 • Mar 19
DaikyoNishikawa Corporation Announces Executive Changes, Effective April 1, 2025 DaikyoNishikawa Corporation at its board of directors meeting held on March 19, 2025, personnel changes were resolved as follows. Changes in Executive Officers Effective April 1, 2025: Promoting Executive Officers: Name: Katsumi Yamada New Position: Managing Executive Officer Present Position: Executive Officer New Executive Officers: Fumihiro Kitayama: New Position: Executive Officer Present Position: Division Manager, Purchasing Division. Name: Hironobu Kondo: New Position: Executive Officer Present Position: Division Manager, Development Division. Retiring Executive Officers: Name: Kimiya Yoshida: Present Position: Executive Officer. Mr. Yoshida, Executive Officer, is to retire due to the expiration of his term of office, assuming the new position of Executive Fellow effective April 1, 2025. Responsibilities of Directors and Executive Officers Effective April 1, 2025: Ikuo Sugiyama: New and present Position: Representative Director and President Supervision of management. Hideki Toi: Representative Director and Executive Vice President Assistant to the President, in charge of the Internal Audit Office. Mitsugi Hataishi: Director and Senior Managing Executive Officer In charge of the Production Division, the Quality Division, and the Purchasing Division. Hiroyuki Kawakami: Director and Senior Managing Executive Officer In charge of the Marketing & Sales Division and Research & Development Division. Hiroshi Ishida: Director and Senior Managing Executive Officer In charge of the Corporate Management Division, the Corporate Planning Division, and DN-DX Promotion Office. Shigeharu Mifune: Director and Senior Managing Executive Officer In charge of the Development Division and the Engineering Division. Shigeki Sasaki: Outside Director. Haruko Murata: Outside Director. Taketo Hironaka: Outside Director. Toshihiko Matsumoto: Outside Director. Hiroaki Kobayashi: Outside Director. Executive Officer: Akitoshi Uchida: Managing Executive Officer Representative Director and President, Sanshinkako Corporation. Teruhiko Kashihara: Managing Executive Officer Representative Director and President, KantoDaikyo Co. Ltd. Hironori Matsuo: Managing Executive Officer Division Manager, Corporate Planning Division. Katsumi Yamada: New position: Managing Executive Officer President, DaikyoNishikawa USA Inc. Present position: Executive Officer President, DaikyoNishikawa USA Inc. – Promoted. Hideaki Fukushima: Executive Officer Division Manager, Research & Development Division. Takafumi Kikkawa: Executive Officer Representative Director and President, AFT Corporation. Koushirou Chiba: Executive Officer Division Manager, Engineering Division. Akira Matsuda: New position: Executive Officer Division Manager of the Quality Division and General Manager of the Quality Assurance Department. Present position: Executive Officer Division Manager, Quality Division. Fumihiro Kitayama: Executive Officer Division Manager, Purchasing Division - Newly Appointed. Hironobu Kondo: Executive Officer Division Manager, Development Division - Newly Appointed. 공시 • Mar 11
DaikyoNishikawa Corporation to Report Fiscal Year 2025 Results on May 13, 2025 DaikyoNishikawa Corporation announced that they will report fiscal year 2025 results on May 13, 2025 Reported Earnings • Feb 15
Third quarter 2025 earnings released: EPS: JP¥8.08 (vs JP¥32.69 in 3Q 2024) Third quarter 2025 results: EPS: JP¥8.08 (down from JP¥32.69 in 3Q 2024). Revenue: JP¥41.8b (down 2.5% from 3Q 2024). Net income: JP¥575.0m (down 75% from 3Q 2024). Profit margin: 1.4% (down from 5.4% in 3Q 2024). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. New Risk • Jan 12
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. This is currently the only risk that has been identified for the company. 공시 • Dec 19
DaikyoNishikawa Corporation to Report Q3, 2025 Results on Feb 13, 2025 DaikyoNishikawa Corporation announced that they will report Q3, 2025 results on Feb 13, 2025 Declared Dividend • Dec 05
First half dividend of JP¥17.00 announced Shareholders will receive a dividend of JP¥17.00. Ex-date: 28th March 2025 Payment date: 24th June 2025 Dividend yield will be 5.7%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (37% earnings payout ratio) and cash flows (19% cash payout ratio). The dividend has increased by an average of 12% 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 18% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Major Estimate Revision • Dec 04
Consensus EPS estimates fall by 14% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from JP¥98.40 to JP¥84.40. Revenue forecast unchanged from JP¥170.0b at last update. Net income forecast to grow 5.6% next year vs 18% growth forecast for Auto Components industry in Japan. Consensus price target of JP¥650 unchanged from last update. Share price was steady at JP¥600 over the past week. Reported Earnings • Nov 09
Second quarter 2025 earnings released: EPS: JP¥12.98 (vs JP¥25.32 in 2Q 2024) Second quarter 2025 results: EPS: JP¥12.98 (down from JP¥25.32 in 2Q 2024). Revenue: JP¥42.9b (up 6.7% from 2Q 2024). Net income: JP¥923.0m (down 49% from 2Q 2024). Profit margin: 2.1% (down from 4.5% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥17.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 04 December 2024. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 5.1%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (3.5%). 공시 • Sep 17
DaikyoNishikawa Corporation to Report Q2, 2025 Results on Nov 07, 2024 DaikyoNishikawa Corporation announced that they will report Q2, 2025 results on Nov 07, 2024 Major Estimate Revision • Aug 29
Consensus EPS estimates increase by 14% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from JP¥86.50 to JP¥98.40. Revenue forecast unchanged at JP¥171.0b. Net income forecast to shrink 0.006% next year vs 1.1% growth forecast for Auto Components industry in Japan . Consensus price target of JP¥650 unchanged from last update. Share price was steady at JP¥687 over the past week. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to JP¥558, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 8x in the Auto Components industry in Japan. Total loss to shareholders of 7.9% over the past three years. Declared Dividend • Jul 11
Final dividend of JP¥17.00 announced Shareholders will receive a dividend of JP¥17.00. Ex-date: 27th September 2024 Payment date: 4th December 2024 Dividend yield will be 4.9%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (28% earnings payout ratio) and cash flows (16% cash payout ratio). The dividend has increased by an average of 12% 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. 공시 • Jun 26
DaikyoNishikawa Corporation to Report Q1, 2025 Results on Aug 08, 2024 DaikyoNishikawa Corporation announced that they will report Q1, 2025 results on Aug 08, 2024 Reported Earnings • Jun 26
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: JP¥81.33 (up from JP¥7.29 in FY 2023). Revenue: JP¥159.0b (up 9.1% from FY 2023). Net income: JP¥5.78b (up JP¥5.26b from FY 2023). Profit margin: 3.6% (up from 0.4% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) exceeded analyst estimates by 10%. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 18
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: JP¥81.33 (up from JP¥7.29 in FY 2023). Revenue: JP¥159.0b (up 9.1% from FY 2023). Net income: JP¥5.78b (up JP¥5.26b from FY 2023). Profit margin: 3.6% (up from 0.4% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) exceeded analyst estimates by 10%. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. 공시 • May 16
DaikyoNishikawa Corporation, Annual General Meeting, Jun 21, 2024 DaikyoNishikawa Corporation, Annual General Meeting, Jun 21, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 24 June 2024. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (2.6%). 공시 • Mar 07
DaikyoNishikawa Corporation to Report Fiscal Year 2024 Results on May 14, 2024 DaikyoNishikawa Corporation announced that they will report fiscal year 2024 results on May 14, 2024 Reported Earnings • Feb 14
Third quarter 2024 earnings released: EPS: JP¥32.69 (vs JP¥5.11 loss in 3Q 2023) Third quarter 2024 results: EPS: JP¥32.69 (up from JP¥5.11 loss in 3Q 2023). Revenue: JP¥42.9b (up 8.3% from 3Q 2023). Net income: JP¥2.32b (up JP¥2.69b from 3Q 2023). Profit margin: 5.4% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Jan 31
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.1% to JP¥743. The fair value is estimated to be JP¥932, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 3.5% per annum. Earnings are also forecast to grow by 15% per annum over the same time period. Price Target Changed • Dec 30
Price target decreased by 12% to JP¥750 Down from JP¥850, the current price target is an average from 2 analysts. New target price is 9.6% above last closing price of JP¥684. Stock is up 23% over the past year. The company is forecast to post earnings per share of JP¥71.72 for next year compared to JP¥7.29 last year. 공시 • Dec 09
DaikyoNishikawa Corporation to Report Q3, 2024 Results on Feb 13, 2024 DaikyoNishikawa Corporation announced that they will report Q3, 2024 results on Feb 13, 2024 Reported Earnings • Nov 08
Second quarter 2024 earnings released: EPS: JP¥25.32 (vs JP¥6.16 loss in 2Q 2023) Second quarter 2024 results: EPS: JP¥25.32 (up from JP¥6.16 loss in 2Q 2023). Revenue: JP¥40.3b (up 22% from 2Q 2023). Net income: JP¥1.80b (up JP¥2.24b from 2Q 2023). Profit margin: 4.5% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Price Target Changed • Oct 26
Price target increased by 13% to JP¥850 Up from JP¥750, the current price target is an average from 2 analysts. New target price is 15% above last closing price of JP¥741. Stock is up 23% over the past year. The company is forecast to post earnings per share of JP¥80.15 for next year compared to JP¥7.29 last year. 공시 • Sep 27
DaikyoNishikawa Corporation to Report Q2, 2024 Results on Nov 07, 2023 DaikyoNishikawa Corporation announced that they will report Q2, 2024 results on Nov 07, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of JP¥15.00 per share at 3.5% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 05 December 2023. Payout ratio is on the higher end at 76%, however this is supported by cash flows. Trailing yield: 3.5%. Within top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (2.5%). Reported Earnings • Aug 09
First quarter 2024 earnings released: EPS: JP¥16.18 (vs JP¥15.87 loss in 1Q 2023) First quarter 2024 results: EPS: JP¥16.18 (up from JP¥15.87 loss in 1Q 2023). Revenue: JP¥37.2b (up 24% from 1Q 2023). Net income: JP¥1.15b (up JP¥2.28b from 1Q 2023). Profit margin: 3.1% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Reported Earnings • Jun 28
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: JP¥7.29 (up from JP¥29.36 loss in FY 2022). Revenue: JP¥145.7b (up 25% from FY 2022). Net income: JP¥518.0m (up JP¥2.60b from FY 2022). Profit margin: 0.4% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 99 percentage points per year, which is a significant difference in performance. 공시 • Jun 24
DaikyoNishikawa Corporation to Report Q1, 2024 Results on Aug 08, 2023 DaikyoNishikawa Corporation announced that they will report Q1, 2024 results on Aug 08, 2023 Major Estimate Revision • Jun 03
Consensus EPS estimates increase by 14% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from JP¥163.0b to JP¥165.1b. EPS estimate increased from JP¥67.54 to JP¥76.69 per share. Net income forecast to grow 952% next year vs 22% growth forecast for Auto Components industry in Japan. Consensus price target of JP¥770 unchanged from last update. Share price was steady at JP¥738 over the past week. Reported Earnings • May 13
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: JP¥7.29 (up from JP¥29.36 loss in FY 2022). Revenue: JP¥145.7b (up 25% from FY 2022). Net income: JP¥518.0m (up JP¥2.60b from FY 2022). Profit margin: 0.4% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance. 공시 • May 13
DaikyoNishikawa Corporation, Annual General Meeting, Jun 22, 2023 DaikyoNishikawa Corporation, Annual General Meeting, Jun 22, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥15.00 per share at 4.7% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 20 June 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 4.7%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (3.2%). Reported Earnings • Feb 17
Third quarter 2023 earnings released: JP¥5.11 loss per share (vs JP¥12.10 loss in 3Q 2022) Third quarter 2023 results: JP¥5.11 loss per share (improved from JP¥12.10 loss in 3Q 2022). Revenue: JP¥39.6b (up 33% from 3Q 2022). Net loss: JP¥363.0m (loss narrowed 58% from 3Q 2022). Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance. 공시 • Dec 26
DaikyoNishikawa Corporation to Report Q3, 2023 Results on Feb 14, 2023 DaikyoNishikawa Corporation announced that they will report Q3, 2023 results on Feb 14, 2023 Price Target Changed • Nov 18
Price target decreased to JP¥640 Down from JP¥750, the current price target is provided by 1 analyst. New target price is 8.8% above last closing price of JP¥588. Stock is up 3.0% over the past year. The company is forecast to post earnings per share of JP¥5.60 next year compared to a net loss per share of JP¥29.36 last year. Reported Earnings • Nov 16
Second quarter 2023 earnings released: JP¥6.16 loss per share (vs JP¥23.25 loss in 2Q 2022) Second quarter 2023 results: JP¥6.16 loss per share (improved from JP¥23.25 loss in 2Q 2022). Revenue: JP¥32.9b (up 33% from 2Q 2022). Net loss: JP¥438.0m (loss narrowed 74% from 2Q 2022). Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 5.0% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 7 non-independent directors. Independent External Director Hirofumi Obata was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 공시 • Sep 24
DaikyoNishikawa Corporation to Report Q2, 2023 Results on Nov 14, 2022 DaikyoNishikawa Corporation announced that they will report Q2, 2023 results on Nov 14, 2022 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 05 December 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 5.3%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (3.1%). Reported Earnings • Aug 11
First quarter 2023 earnings released: JP¥15.87 loss per share (vs JP¥4.85 profit in 1Q 2022) First quarter 2023 results: JP¥15.87 loss per share (down from JP¥4.85 profit in 1Q 2022). Revenue: JP¥30.1b (flat on 1Q 2022). Net loss: JP¥1.13b (down 428% from profit in 1Q 2022). Over the next year, revenue is forecast to grow 23%, compared to a 13% growth forecast for the industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance. 공시 • Jun 24
DaikyoNishikawa Corporation to Report Q1, 2023 Results on Aug 09, 2022 DaikyoNishikawa Corporation announced that they will report Q1, 2023 results on Aug 09, 2022 Reported Earnings • Jun 22
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: JP¥29.36 loss per share (down from JP¥35.75 profit in FY 2021). Revenue: JP¥116.7b (down 22% from FY 2021). Net loss: JP¥2.09b (down 182% from profit in FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 74%. Over the next year, revenue is forecast to grow 18%, compared to a 12% growth forecast for the industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance. Reported Earnings • May 15
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: JP¥29.36 loss per share (down from JP¥35.75 profit in FY 2021). Revenue: JP¥116.7b (down 22% from FY 2021). Net loss: JP¥2.09b (down 182% from profit in FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 74%. Over the next year, revenue is forecast to grow 28%, compared to a 11% growth forecast for the industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance. 공시 • May 14
DaikyoNishikawa Corporation, Annual General Meeting, Jun 17, 2022 DaikyoNishikawa Corporation, Annual General Meeting, Jun 17, 2022. Board Change • Apr 27
Less than half of directors are independent There 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. 11 experienced directors. No highly experienced directors. 2 independent directors (7 non-independent directors). Independent External Director Takeshi Mukai was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. 공시 • Apr 07
DaikyoNishikawa Corporation to Report Fiscal Year 2022 Results on May 12, 2022 DaikyoNishikawa Corporation announced that they will report fiscal year 2022 results on May 12, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 21 June 2022. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 5.3%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (3.0%). Reported Earnings • Feb 09
Third quarter 2022 earnings: EPS misses analyst expectations Third quarter 2022 results: JP¥12.10 loss per share (down from JP¥21.11 profit in 3Q 2021). Revenue: JP¥29.9b (down 31% from 3Q 2021). Net loss: JP¥859.0m (down 157% from profit in 3Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Over the next year, revenue is forecast to grow 8.6%, compared to a 8.9% growth forecast for the industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 50 percentage points per year, which is a significant difference in performance. Major Estimate Revision • Jan 26
Consensus EPS estimates have been downgraded. The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from JP¥124.8b to JP¥118.5b. Now expected to report a loss of JP¥1.41 per share instead of JP¥39.47 per share profit previously forecast. Auto Components industry in Japan expected to see average net income decline 5.6% next year. Consensus price target down from JP¥750 to JP¥700. Share price was steady at JP¥588 over the past week. Valuation Update With 7 Day Price Move • Nov 17
Investor sentiment deteriorated over the past week After last week's 19% share price decline to JP¥544, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 9x in the Auto Components industry in Japan. Total loss to shareholders of 37% over the past three years. Reported Earnings • Nov 11
Second quarter 2022 earnings released: JP¥23.25 loss per share (vs JP¥35.46 profit in 2Q 2021) The company reported a poor second quarter result with weaker earnings, revenues and control over costs. Second quarter 2022 results: Revenue: JP¥24.8b (down 31% from 2Q 2021). Net loss: JP¥1.65b (down 166% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Price Target Changed • Nov 01
Price target decreased to JP¥750 Down from JP¥810, the current price target is an average from 2 analysts. New target price is 7.9% above last closing price of JP¥695. Stock is up 20% over the past year. The company is forecast to post earnings per share of JP¥39.50 for next year compared to JP¥35.75 last year. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 04 December 2021. Trailing yield: 4.6%. Within top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (2.5%). Reported Earnings • Aug 05
First quarter 2022 earnings released: EPS JP¥4.85 (vs JP¥37.75 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥29.9b (up 10% from 1Q 2021). Net income: JP¥344.0m (up JP¥3.02b from 1Q 2021). Profit margin: 1.2% (up from net loss in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Jul 16
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate increased from JP¥25.36 to JP¥32.44. Revenue forecast unchanged at JP¥131.2b. Net income forecast to shrink 9.3% next year vs 48% growth forecast for Auto Components industry in Japan . Consensus price target of JP¥800 unchanged from last update. Share price was steady at JP¥696 over the past week. Major Estimate Revision • Jul 09
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate increased from JP¥25.36 to JP¥32.41. Revenue forecast steady at JP¥131.2b. Net income forecast to shrink 9.3% next year vs 43% growth forecast for Auto Components industry in Japan . Consensus price target down from JP¥850 to JP¥800. Share price fell 5.6% to JP¥686 over the past week. Reported Earnings • Jun 23
Full year 2021 earnings released: EPS JP¥35.75 (vs JP¥69.26 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥150.2b (down 18% from FY 2020). Net income: JP¥2.54b (down 48% from FY 2020). Profit margin: 1.7% (down from 2.7% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Jun 08
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast fell from JP¥176.1b to JP¥131.0b. EPS estimate unchanged at JP¥25.40 per share. Net income forecast to shrink 29% next year vs 42% growth forecast for Auto Components industry in Japan . Consensus price target of JP¥850 unchanged from last update. Share price was steady at JP¥748 over the past week. 