Declared Dividend • Jul 25
Final dividend increased to JP¥50.00 Dividend of JP¥50.00 is 18% higher than last year. Ex-date: 29th September 2026 Payment date: 4th December 2026 Dividend yield will be 5.0%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is not covered by earnings (115% earnings payout ratio). However, it is covered by cash flows (59% cash payout ratio). The dividend has increased by an average of 17% 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. The company's earnings per share (EPS) would need to grow by 28% to bring the payout ratio under control, which is more than the 1.2% EPS growth achieved over the last 5 years. 공고 • Jun 28
Fukoku Co.,Ltd. to Report Q1, 2027 Results on Aug 06, 2026 Fukoku Co.,Ltd. announced that they will report Q1, 2027 results on Aug 06, 2026 New Risk • Jun 23
New minor risk - Dividend sustainability The dividend is not well covered by earnings. Payout ratio: 115% Dividend yield: 5.6% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. 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 Dividend is not well covered by earnings (115% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.3% net profit margin). Reported Earnings • May 20
Full year 2026 earnings released: EPS: JP¥73.63 (vs JP¥182 in FY 2025) Full year 2026 results: EPS: JP¥73.63 (down from JP¥182 in FY 2025). Revenue: JP¥90.0b (flat on FY 2025). Net income: JP¥1.14b (down 61% from FY 2025). Profit margin: 1.3% (down from 3.3% in FY 2025). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. 공고 • May 15
Fukoku Co.,Ltd., Annual General Meeting, Jun 24, 2026 Fukoku Co.,Ltd., Annual General Meeting, Jun 24, 2026. 공고 • May 09
Fukoku Co.,Ltd. to Report Fiscal Year 2026 Results on May 15, 2026 Fukoku Co.,Ltd. announced that they will report fiscal year 2026 results on May 15, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥42.50 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 10 June 2026. Payout ratio is a comfortable 52% 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¥33.88 (vs JP¥25.93 in 3Q 2025) Third quarter 2026 results: EPS: JP¥33.88 (up from JP¥25.93 in 3Q 2025). Revenue: JP¥22.5b (up 1.5% from 3Q 2025). Net income: JP¥527.0m (up 26% from 3Q 2025). Profit margin: 2.3% (up from 1.9% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. 공고 • Feb 14
Fukoku Co.,Ltd. Revises Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2026 Fukoku Co.,Ltd. revised consolidated earnings guidance for the fiscal year ending March 31, 2026 . For the period, the company expects net sales of JPY 88,000 million, operating profit of JPY 3,700 million, profit attributable to owners of parent of JPY 2,100 million and profit per share of JPY 147.65 compared to net sales of JPY 88,000 million, operating profit of JPY 5,000 million, profit attributable to owners of parent of JPY 3,500 million and profit per share of JPY 217.13 in previous guidance. (Reasons for revision) Regarding the full-year consolidated financial results forecasts for the fiscal year ending March 31, 2026, although net sales have been affected by weak vehicle sales of Japanese automakers in China and ASEAN and by a decline in orders for certain products domestically, the Company expects overall results to be broadly in line with its plan due to steady orders for EV-related products in Korea and a change in the fiscal year-end of its consolidated subsidiary in India. On the profit and loss side, however, the Company has been unable to fully offset the continued high level of domestic raw material costs and rising labor costs through efforts such as productivity improvements, rationalization and price pass-through, and these factors are affecting profitability. While the Company will continue to pursue all possible companywide measures to improve earnings, achieving the previously announced full-year consolidated earnings forecast has become difficult; accordingly, the Company is revising its forecast as described above. 공고 • Dec 27
Fukoku Co.,Ltd. to Report Q3, 2026 Results on Feb 13, 2026 Fukoku Co.,Ltd. announced that they will report Q3, 2026 results on Feb 13, 2026 Declared Dividend • Dec 05
First half dividend of JP¥42.50 announced Shareholders will receive a dividend of JP¥42.50. Ex-date: 30th March 2026 Payment date: 10th June 2026 Dividend yield will be 4.6%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by both earnings (55% earnings payout ratio) and cash flows (50% cash payout ratio). The dividend has increased by an average of 16% 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 68% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 07
Second quarter 2026 earnings released: EPS: JP¥28.22 (vs JP¥49.89 in 2Q 2025) Second quarter 2026 results: EPS: JP¥28.22 (down from JP¥49.89 in 2Q 2025). Revenue: JP¥21.7b (down 3.2% from 2Q 2025). Net income: JP¥455.0m (down 43% from 2Q 2025). Profit margin: 2.1% (down from 3.6% in 2Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.2% p.a. on average 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 16% per year whereas the company’s share price has increased by 21% per year. 공고 • Nov 05
Fukoku Co.,Ltd. (TSE:5185) announces an Equity Buyback for 2,095,060 shares, representing 11.9% for ¥3,480.06 million. Fukoku Co.,Ltd. (TSE:5185) announces a share repurchase program. Under the offer, the company will repurchase up to 2,095,060 shares, representing 11.9% of its share capital, for ¥3,480.06 million. The shares will be repurchased at ¥1,661 per share. The company will repurchase 1,104,600 shares from J Kawamoto Co., Ltd., 200,000 shares from MW Holdings Co., Ltd. and 600,000 shares from KAWAMOTO CMK Co., Ltd. The company will repurchase its shares in order to enable the Company to implement financial policies and other management measures in a flexible manner. If the offer is oversubscribed the company may repurchase up to additional 100 shares. The offer will be valid till December 4, 2025. As of September 30, 2025, the company had 17,609,130 shares outstanding (excluding treasury shares) and 1,482,162 shares in treasury. Buy Or Sell Opportunity • Oct 22
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 6.8% to JP¥1,859. The fair value is estimated to be JP¥1,533, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.0% over the last 3 years. Earnings per share has grown by 19%. Revenue is forecast to grow by 3.2% in 2 years. Earnings are forecast to grow by 47% in the next 2 years. Buy Or Sell Opportunity • Oct 06
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 13% to JP¥1,859. The fair value is estimated to be JP¥1,529, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.0% over the last 3 years. Earnings per share has grown by 19%. Revenue is forecast to grow by 3.2% in 2 years. Earnings are forecast to grow by 47% in the next 2 years. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥42.50 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 05 December 2025. Payout ratio is a comfortable 45% but the company is paying out more than the cash it is generating. Trailing yield: 4.4%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (3.0%). 공고 • Sep 05
Fukoku Co.,Ltd. to Report Q2, 2026 Results on Nov 05, 2025 Fukoku Co.,Ltd. announced that they will report Q2, 2026 results on Nov 05, 2025 Buy Or Sell Opportunity • Aug 21
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 15% to JP¥1,887. The fair value is estimated to be JP¥1,560, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.0% over the last 3 years. Earnings per share has grown by 19%. Revenue is forecast to grow by 3.2% in 2 years. Earnings are forecast to grow by 47% in the next 2 years. Reported Earnings • Aug 08
First quarter 2026 earnings released: EPS: JP¥30.58 (vs JP¥47.84 in 1Q 2025) First quarter 2026 results: EPS: JP¥30.58 (down from JP¥47.84 in 1Q 2025). Revenue: JP¥22.7b (up 1.9% from 1Q 2025). Net income: JP¥493.0m (down 36% from 1Q 2025). Profit margin: 2.2% (down from 3.5% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.7% 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 19% per year whereas the company’s share price has increased by 21% per year. Declared Dividend • Jul 09
Final dividend of JP¥42.50 announced Shareholders will receive a dividend of JP¥42.50. Ex-date: 29th September 2025 Payment date: 5th December 2025 Dividend yield will be 4.8%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (36% earnings payout ratio) but not covered by cash flows (266% cash payout ratio). The dividend has increased by an average of 16% 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 39% over the next 3 years, which should provide support to the dividend and adequate earnings cover. 공고 • Jun 29
Fukoku Co.,Ltd. to Report Q1, 2026 Results on Aug 06, 2025 Fukoku Co.,Ltd. announced that they will report Q1, 2026 results on Aug 06, 2025 Reported Earnings • Jun 27
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: JP¥182 (down from JP¥189 in FY 2024). Revenue: JP¥89.7b (flat on FY 2024). Net income: JP¥2.93b (down 3.9% from FY 2024). Profit margin: 3.3% (down from 3.4% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 22%. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 20% per year. Reported Earnings • May 20
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: JP¥182 (down from JP¥189 in FY 2024). Revenue: JP¥89.7b (flat on FY 2024). Net income: JP¥2.93b (down 3.9% from FY 2024). Profit margin: 3.3% (down from 3.4% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 22%. Revenue is forecast to grow 2.9% p.a. on average during the next 2 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 21% per year whereas the company’s share price has increased by 19% per year. 공고 • May 15
Fukoku Co.,Ltd., Annual General Meeting, Jun 25, 2025 Fukoku Co.,Ltd., Annual General Meeting, Jun 25, 2025. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to JP¥1,357, 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 65% over the past three years. 공고 • Mar 27
Fukoku Co.,Ltd. to Report Fiscal Year 2025 Results on May 15, 2025 Fukoku Co.,Ltd. announced that they will report fiscal year 2025 results on May 15, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥37.50 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 11 June 2025. Payout ratio is a comfortable 36% and the cash payout ratio is 90%. Trailing yield: 4.3%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (3.3%). Reported Earnings • Feb 16
Third quarter 2025 earnings released: EPS: JP¥22.33 (vs JP¥49.59 in 3Q 2024) Third quarter 2025 results: EPS: JP¥22.33 (down from JP¥49.59 in 3Q 2024). Revenue: JP¥22.2b (down 4.6% from 3Q 2024). Net income: JP¥360.0m (down 55% from 3Q 2024). Profit margin: 1.6% (down from 3.4% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.7% 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 14% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. 공고 • Dec 12
Fukoku Co.,Ltd. to Report Q3, 2025 Results on Feb 10, 2025 Fukoku Co.,Ltd. announced that they will report Q3, 2025 results on Feb 10, 2025 Declared Dividend • Dec 06
First half dividend of JP¥37.50 announced Shareholders will receive a dividend of JP¥37.50. Ex-date: 28th March 2025 Payment date: 11th June 2025 Dividend yield will be 4.4%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (15% earnings payout ratio) but not adequately covered by cash flows (90.0% cash payout ratio). The dividend has increased by an average of 14% 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 32% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 08
Second quarter 2025 earnings released: EPS: JP¥49.89 (vs JP¥41.21 in 2Q 2024) Second quarter 2025 results: EPS: JP¥49.89 (up from JP¥41.21 in 2Q 2024). Revenue: JP¥22.4b (up 4.3% from 2Q 2024). Net income: JP¥804.0m (up 21% from 2Q 2024). Profit margin: 3.6% (up from 3.1% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.9% 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 6% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥37.50 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 06 December 2024. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 4.3%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (3.5%). 공고 • Aug 27
Fukoku Co.,Ltd. to Report Q2, 2025 Results on Nov 06, 2024 Fukoku Co.,Ltd. announced that they will report Q2, 2025 results on Nov 06, 2024 Reported Earnings • Aug 08
First quarter 2025 earnings released: EPS: JP¥45.79 (vs JP¥23.78 in 1Q 2024) First quarter 2025 results: EPS: JP¥45.79 (up from JP¥23.78 in 1Q 2024). Revenue: JP¥22.2b (up 3.3% from 1Q 2024). Net income: JP¥738.0m (up 93% from 1Q 2024). Profit margin: 3.3% (up from 1.8% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.9% 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 1% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Aug 05
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 7.4% 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 27% After last week's 27% share price decline to JP¥1,487, 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 returns to shareholders of 65% over the past three years. Declared Dividend • Jul 11
Final dividend of JP¥37.50 announced Shareholders will receive a dividend of JP¥37.50. Ex-date: 27th September 2024 Payment date: 6th December 2024 Dividend yield will be 3.1%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (39% earnings payout ratio) and cash flows (28% cash payout ratio). The dividend has increased by an average of 14% 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 42% over the next 3 years, which should provide support to the dividend and adequate earnings cover. 공고 • Jun 28
Fukoku Co.,Ltd. to Report Q1, 2025 Results on Aug 06, 2024 Fukoku Co.,Ltd. announced that they will report Q1, 2025 results on Aug 06, 2024 Reported Earnings • May 21
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: JP¥189 (up from JP¥133 in FY 2023). Revenue: JP¥88.8b (up 7.9% from FY 2023). Net income: JP¥3.05b (up 43% from FY 2023). Profit margin: 3.4% (up from 2.6% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) exceeded analyst estimates by 5.3%. Revenue is forecast to grow 5.4% p.a. on average during the next 2 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 1% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. 공고 • May 17
Fukoku Co.,Ltd., Annual General Meeting, Jun 26, 2024 Fukoku Co.,Ltd., Annual General Meeting, Jun 26, 2024. 공고 • May 16
Fukoku Co.,Ltd. Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2025 Fukoku Co.,Ltd. provided consolidated earnings guidance for the fiscal year ending March 31, 2025. For the period, the company expects net sales of JPY 93,000 million, operating profit of JPY 4,800 million, profit attributable to owners of parent of JPY 3,750 million and profit per share of JPY 232.69. Buy Or Sell Opportunity • Apr 15
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 44% to JP¥2,025. The fair value is estimated to be JP¥1,664, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 11% in 2 years. Earnings are forecast to grow by 66% in the next 2 years. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥27.50 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 13 June 2024. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.2%). In line with average of industry peers (2.6%). 공고 • Mar 02
Fukoku Co.,Ltd. to Report Fiscal Year 2024 Results on May 15, 2024 Fukoku Co.,Ltd. announced that they will report fiscal year 2024 results on May 15, 2024 Reported Earnings • Feb 08
Third quarter 2024 earnings released: EPS: JP¥49.58 (vs JP¥27.38 in 3Q 2023) Third quarter 2024 results: EPS: JP¥49.58 (up from JP¥27.38 in 3Q 2023). Revenue: JP¥23.3b (up 7.5% from 3Q 2023). Net income: JP¥799.0m (up 81% from 3Q 2023). Profit margin: 3.4% (up from 2.0% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.7% 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 11% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. 공고 • Dec 20
Fukoku Co.,Ltd. to Report Q3, 2024 Results on Feb 05, 2024 Fukoku Co.,Ltd. announced that they will report Q3, 2024 results on Feb 05, 2024 Reported Earnings • Nov 02
Second quarter 2024 earnings released: EPS: JP¥41.21 (vs JP¥37.83 in 2Q 2023) Second quarter 2024 results: EPS: JP¥41.21 (up from JP¥37.83 in 2Q 2023). Revenue: JP¥21.4b (up 9.5% from 2Q 2023). Net income: JP¥664.0m (up 9.0% from 2Q 2023). Profit margin: 3.1% (in line with 2Q 2023). Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 30% per year whereas the company’s share price has increased by 25% per year. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥27.50 per share at 3.6% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 06 December 2023. Payout ratio is a comfortable 49% but the company is not cash flow positive. Trailing yield: 3.6%. Within top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (2.5%). 공고 • Aug 31
Fukoku Co.,Ltd. to Report Q2, 2024 Results on Oct 31, 2023 Fukoku Co.,Ltd. announced that they will report Q2, 2024 results on Oct 31, 2023 New Risk • Aug 02
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.0% Last year net profit margin: 2.9% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (2.0% net profit margin). Reported Earnings • Aug 01
First quarter 2024 earnings released: EPS: JP¥23.78 (vs JP¥53.50 in 1Q 2023) First quarter 2024 results: EPS: JP¥23.78 (down from JP¥53.50 in 1Q 2023). Revenue: JP¥21.5b (up 11% from 1Q 2023). Net income: JP¥383.0m (down 56% from 1Q 2023). Profit margin: 1.8% (down from 4.4% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.9% 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 increased by 45% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. 공고 • Jun 28
Fukoku Co.,Ltd. to Report Q1, 2024 Results on Jul 31, 2023 Fukoku Co.,Ltd. announced that they will report Q1, 2024 results on Jul 31, 2023 Reported Earnings • May 19
Full year 2023 earnings released: EPS: JP¥133 (vs JP¥127 in FY 2022) Full year 2023 results: EPS: JP¥133 (up from JP¥127 in FY 2022). Revenue: JP¥82.3b (up 15% from FY 2022). Net income: JP¥2.14b (up 2.4% from FY 2022). Profit margin: 2.6% (down from 2.9% in FY 2022). The decrease in margin was driven by higher expenses. 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 20% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥23.00 per share at 5.2% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 13 June 2023. Payout ratio is a comfortable 15% but the company is not cash flow positive. Trailing yield: 5.2%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (3.2%). Reported Earnings • Feb 04
Third quarter 2023 earnings released: EPS: JP¥27.37 (vs JP¥16.23 in 3Q 2022) Third quarter 2023 results: EPS: JP¥27.37 (up from JP¥16.23 in 3Q 2022). Revenue: JP¥21.7b (up 24% from 3Q 2022). Net income: JP¥441.0m (up 67% from 3Q 2022). Profit margin: 2.0% (up from 1.5% in 3Q 2022). Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. 공고 • Jan 09
Fukoku Co.,Ltd. to Report Q3, 2023 Results on Feb 03, 2023 Fukoku Co.,Ltd. announced that they will report Q3, 2023 results on Feb 03, 2023 Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 4 highly experienced directors. No independent directors (10 non-independent directors). Senior Managing Executive Officer, General Manager of Manufacturing Division and Director Shoji Machida was the last director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Nov 02
Second quarter 2023 earnings released: EPS: JP¥37.82 (vs JP¥44.89 in 2Q 2022) Second quarter 2023 results: EPS: JP¥37.82 (down from JP¥44.89 in 2Q 2022). Revenue: JP¥19.6b (up 11% from 2Q 2022). Net income: JP¥609.0m (down 18% from 2Q 2022). Profit margin: 3.1% (down from 4.2% in 2Q 2022). Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. 공고 • Oct 22
Fukoku Co.,Ltd. to Report Q2, 2023 Results on Oct 31, 2022 Fukoku Co.,Ltd. announced that they will report Q2, 2023 results on Oct 31, 2022 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 06 December 2022. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 5.1%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (3.1%). Reported Earnings • Jul 31
First quarter 2023 earnings released: EPS: JP¥53.49 (vs JP¥52.23 in 1Q 2022) First quarter 2023 results: EPS: JP¥53.49. Revenue: JP¥19.4b (up 2.2% from 1Q 2022). Net income: JP¥861.0m (flat on 1Q 2022). Profit margin: 4.4% (down from 4.6% in 1Q 2022). 공고 • Jul 30
Fukoku Co.,Ltd. to Report Q1, 2023 Results on Jul 29, 2022 Fukoku Co.,Ltd. announced that they will report Q1, 2023 results on Jul 29, 2022 Reported Earnings • May 18
Full year 2022 earnings released: EPS: JP¥127 (vs JP¥75.66 in FY 2021) Full year 2022 results: EPS: JP¥127 (up from JP¥75.66 in FY 2021). Revenue: JP¥71.5b (up 13% from FY 2021). Net income: JP¥2.08b (up 66% from FY 2021). Profit margin: 2.9% (up from 2.0% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 114% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. 공고 • May 18
Fukoku Co.,Ltd., Annual General Meeting, Jun 28, 2022 Fukoku Co.,Ltd., Annual General Meeting, Jun 28, 2022. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 4 highly experienced directors. No independent directors (10 non-independent directors). Senior Managing Executive Officer, General Manager of Manufacturing Division and Director Shoji Machida was the last director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. 공고 • Apr 08
Fukoku Co.,Ltd. to Report Fiscal Year 2022 Results on May 13, 2022 Fukoku Co.,Ltd. announced that they will report fiscal year 2022 results on May 13, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 30 June 2022. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 5.1%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (3.0%). Reported Earnings • Feb 07
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥16.23 (down from JP¥27.68 in 3Q 2021). Revenue: JP¥17.5b (up 6.1% from 3Q 2021). Net income: JP¥264.0m (down 43% from 3Q 2021). Profit margin: 1.5% (down from 2.8% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 03
First quarter 2022 earnings released: EPS JP¥52.22 (vs JP¥1.39 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¥19.0b (up 20% from 1Q 2021). Net income: JP¥866.0m (up JP¥889.0m from 1Q 2021). Profit margin: 4.6% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 03
Investor sentiment improved over the past week After last week's 16% share price gain to JP¥1,132, the stock trades at a trailing P/E ratio of 15x. Average trailing P/E is 13x in the Auto Components industry in Japan. Total returns to shareholders of 23% over the past three years. Valuation Update With 7 Day Price Move • May 21
Investor sentiment improved over the past week After last week's 16% share price gain to JP¥910, the stock trades at a trailing P/E ratio of 12x. Average trailing P/E is 13x in the Auto Components industry in Japan. Negligible returns to shareholders over past three years. Reported Earnings • May 18
Full year 2021 earnings released: EPS JP¥75.65 (vs JP¥18.66 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥63.2b (down 16% from FY 2020). Net income: JP¥1.25b (up 306% from FY 2020). Profit margin: 2.0% (up from 0.4% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 29 June 2021. Trailing yield: 1.3%. Lower than top quartile of Japanese dividend payers (2.7%). Lower than average of industry peers (1.9%). Is New 90 Day High Low • Mar 05
New 90-day high: JP¥719 The company is up 2.0% from its price of JP¥707 on 04 December 2020. The Japanese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 15% over the same period. Reported Earnings • Feb 12
Third quarter 2021 earnings released: EPS JP¥27.68 (vs JP¥1.63 loss in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: JP¥16.5b (down 9.8% from 3Q 2020). Net income: JP¥459.0m (up JP¥486.0m from 3Q 2020). Profit margin: 2.8% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. 공고 • Jan 12
Fukoku Co.,Ltd. to Report Q3, 2021 Results on Feb 10, 2021 Fukoku Co.,Ltd. announced that they will report Q3, 2021 results on Feb 10, 2021 공고 • Oct 08
Fukoku Co.,Ltd. to Report Q2, 2021 Results on Oct 30, 2020 Fukoku Co.,Ltd. announced that they will report Q2, 2021 results on Oct 30, 2020 
