공시 • May 07
SNT Corporation to Delist from Standard Section of the Tokyo Stock Exchange, Effective May 26, 2025 SNT Corporation will be delisted from Standard Section of the Tokyo Stock Exchange effective from May 26, 2025, due to Acquisition by a demand for share, etc. cash-out. 공시 • Apr 16
Japan Monozukuri Mirai Investment Limited Partnership managed by SPARX Group Co., Ltd. (TSE:8739) completed the acquisition of 91% stake in SNT Corporation (TSE:6319) from Topre Corporation (TSE:5975), Nippon Steel Corporation (TSE:5401), Nihon Parkerizing Co., Ltd. (TSE:4095), Nippon Steel Trading Corporation and others for ¥13.65 billion. Japan Monozukuri Mirai Investment Limited Partnership managed by SPARX Group Co., Ltd. (TSE:8739) proposed to acquire SNT Corporation (TSE:6319) from Topre Corporation (TSE:5975), Nippon Steel Corporation (TSE:5401), Nihon Parkerizing Co., Ltd. (TSE:4095), Nippon Steel Trading Corporation and others for ¥15.0 billion on February 28, 2025. The consideration will be paid at price of ¥403 per share. In this Transaction, if the Tender Offer is successful, the Squeeze-out Procedures will be implemented. The offer is expected to close on April 14, 2025. Nomura Securities Co., Ltd acted as financial advisor and Nishimura & Asahi acted as legal advisor to SNT Corporation. TMI Associates acted as legal advisor, Resona Research Institute Co., Ltd. acted as financial advisor and fairness opinion provider, YAMADA Business Consulting Co.,Ltd. acted as legal advisor, financial advisor and fairness opinion provider to SNT Corporation.
Japan Monozukuri Mirai Investment Limited Partnership managed by SPARX Group Co., Ltd. (TSE:8739) completed the acquisition of 91% stake in SNT Corporation (TSE:6319) from Topre Corporation (TSE:5975), Nippon Steel Corporation (TSE:5401), Nihon Parkerizing Co., Ltd. (TSE:4095), Nippon Steel Trading Corporation and others for ¥13.65 billion on April 14, 2025. 공시 • Mar 27
SNT Corporation to Report Fiscal Year 2025 Results on May 14, 2025 SNT Corporation announced that they will report fiscal year 2025 results on May 14, 2025 New Risk • Mar 03
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 12% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 315% Cash payout ratio: 212% Minor Risks Profit margins are more than 30% lower than last year (0.7% net profit margin). Market cap is less than US$100m (JP¥10.5b market cap, or US$69.7m). Reported Earnings • Feb 15
Third quarter 2025 earnings released: EPS: JP¥7.63 (vs JP¥8.81 in 3Q 2024) Third quarter 2025 results: EPS: JP¥7.63 (down from JP¥8.81 in 3Q 2024). Revenue: JP¥4.66b (down 17% from 3Q 2024). Net income: JP¥280.0m (down 13% from 3Q 2024). Profit margin: 6.0% (up from 5.8% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has fallen by 3% per year. 공시 • Dec 03
SNT Corporation to Report Q3, 2025 Results on Feb 13, 2025 SNT Corporation announced that they will report Q3, 2025 results on Feb 13, 2025 Board Change • Nov 29
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Outside Director Naohisa Kato was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Declared Dividend • Nov 15
Dividend of JP¥10.00 announced Shareholders will receive a dividend of JP¥10.00. Ex-date: 28th March 2025 Payment date: 27th June 2025 Dividend yield will be 5.0%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is not adequately covered by earnings (90.0% earnings payout ratio). However, it is covered by cash flows (55% cash payout ratio). The dividend has increased by an average of 5.2% 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. Earnings per share declined by 13% over the last 5 years, which if continued should see the payout ratio increase to a potentially unsustainable range. 공시 • Sep 09
SNT Corporation to Report Q2, 2025 Results on Nov 13, 2024 SNT Corporation announced that they will report Q2, 2025 results on Nov 13, 2024 Reported Earnings • Aug 14
First quarter 2025 earnings released: EPS: JP¥0.19 (vs JP¥14.24 in 1Q 2024) First quarter 2025 results: EPS: JP¥0.19 (down from JP¥14.24 in 1Q 2024). Revenue: JP¥4.66b (down 17% from 1Q 2024). Net income: JP¥7.00m (down 99% from 1Q 2024). Profit margin: 0.2% (down from 9.3% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. 공시 • Jul 04
SNT Corporation to Report Q1, 2025 Results on Aug 09, 2024 SNT Corporation announced that they will report Q1, 2025 results on Aug 09, 2024 Reported Earnings • May 21
Full year 2024 earnings released: EPS: JP¥26.26 (vs JP¥16.20 in FY 2023) Full year 2024 results: EPS: JP¥26.26 (up from JP¥16.20 in FY 2023). Revenue: JP¥21.6b (flat on FY 2023). Net income: JP¥963.0m (up 62% from FY 2023). Profit margin: 4.5% (up from 2.7% in FY 2023). Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. 공시 • May 17
SNT Corporation, Annual General Meeting, Jun 25, 2024 SNT Corporation, Annual General Meeting, Jun 25, 2024. 공시 • Mar 28
SNT Corporation to Report Fiscal Year 2024 Results on May 15, 2024 SNT Corporation announced that they will report fiscal year 2024 results on May 15, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥11.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 31% but the company is paying out more than the cash it is generating. Trailing yield: 3.6%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (2.6%). Reported Earnings • Feb 15
Third quarter 2024 earnings released: EPS: JP¥8.81 (vs JP¥5.18 in 3Q 2023) Third quarter 2024 results: EPS: JP¥8.81 (up from JP¥5.18 in 3Q 2023). Revenue: JP¥5.60b (down 1.3% from 3Q 2023). Net income: JP¥323.0m (up 70% from 3Q 2023). Profit margin: 5.8% (up from 3.3% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. 공시 • Nov 27
SNT Corporation to Report Q3, 2024 Results on Feb 13, 2024 SNT Corporation announced that they will report Q3, 2024 results on Feb 13, 2024 Reported Earnings • Nov 16
Second quarter 2024 earnings released: EPS: JP¥5.10 (vs JP¥2.67 in 2Q 2023) Second quarter 2024 results: EPS: JP¥5.10 (up from JP¥2.67 in 2Q 2023). Revenue: JP¥5.54b (up 3.0% from 2Q 2023). Net income: JP¥187.0m (up 91% from 2Q 2023). Profit margin: 3.4% (up from 1.8% in 2Q 2023). 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 9% per year, which means it is significantly lagging earnings growth. 공시 • Sep 02
SNT Corporation to Report Q2, 2024 Results on Nov 13, 2023 SNT Corporation announced that they will report Q2, 2024 results on Nov 13, 2023 New Risk • Aug 13
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 45% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 22% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Market cap is less than US$100m (JP¥9.17b market cap, or US$63.2m). Reported Earnings • Aug 12
First quarter 2024 earnings released: EPS: JP¥14.24 (vs JP¥4.56 in 1Q 2023) First quarter 2024 results: EPS: JP¥14.24 (up from JP¥4.56 in 1Q 2023). Revenue: JP¥5.60b (up 8.2% from 1Q 2023). Net income: JP¥522.0m (up 213% from 1Q 2023). Profit margin: 9.3% (up from 3.2% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 111% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. 공시 • Jun 28
SNT Corporation to Report Q1, 2024 Results on Aug 10, 2023 SNT Corporation announced that they will report Q1, 2024 results on Aug 10, 2023 Reported Earnings • May 18
Full year 2023 earnings released: EPS: JP¥16.20 (vs JP¥11.70 in FY 2022) Full year 2023 results: EPS: JP¥16.20 (up from JP¥11.70 in FY 2022). Revenue: JP¥21.7b (up 26% from FY 2022). Net income: JP¥594.0m (up 39% from FY 2022). Profit margin: 2.7% (up from 2.5% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥10.00 per share at 4.0% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 29 June 2023. Payout ratio is a comfortable 67% and this is well supported by cash flows. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (3.2%). Reported Earnings • Feb 15
Third quarter 2023 earnings released: EPS: JP¥5.18 (vs JP¥4.86 in 3Q 2022) Third quarter 2023 results: EPS: JP¥5.18 (up from JP¥4.86 in 3Q 2022). Revenue: JP¥5.68b (up 38% from 3Q 2022). Net income: JP¥190.0m (up 6.7% from 3Q 2022). Profit margin: 3.3% (down from 4.3% in 3Q 2022). The decrease in margin was driven by higher expenses. 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. 공시 • Dec 28
SNT Corporation to Report Q3, 2023 Results on Feb 13, 2023 SNT Corporation announced that they will report Q3, 2023 results on Feb 13, 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. 6 highly experienced directors. No independent directors (11 non-independent directors). External Director Kohei Kato was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Nov 13
Second quarter 2023 earnings released: EPS: JP¥2.67 (vs JP¥3.14 in 2Q 2022) Second quarter 2023 results: EPS: JP¥2.67 (down from JP¥3.14 in 2Q 2022). Revenue: JP¥5.38b (up 31% from 2Q 2022). Net income: JP¥98.0m (down 15% from 2Q 2022). Profit margin: 1.8% (down from 2.8% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. 공시 • Oct 09
SNT Corporation to Report Q2, 2023 Results on Nov 11, 2022 SNT Corporation announced that they will report Q2, 2023 results on Nov 11, 2022 Reported Earnings • Aug 12
First quarter 2023 earnings released: EPS: JP¥4.56 (vs JP¥1.09 in 1Q 2022) First quarter 2023 results: EPS: JP¥4.56 (up from JP¥1.09 in 1Q 2022). Revenue: JP¥5.18b (up 30% from 1Q 2022). Net income: JP¥167.0m (up 318% from 1Q 2022). Profit margin: 3.2% (up from 1.0% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year and the company’s share price has also fallen by 16% per year. 공시 • Jul 03
SNT Corporation to Report Q1, 2023 Results on Aug 10, 2022 SNT Corporation announced that they will report Q1, 2023 results on Aug 10, 2022 Reported Earnings • May 20
Full year 2022 earnings released: EPS: JP¥11.70 (vs JP¥14.92 loss in FY 2021) Full year 2022 results: EPS: JP¥11.70 (up from JP¥14.92 loss in FY 2021). Revenue: JP¥17.2b (up 13% from FY 2021). Net income: JP¥429.0m (up JP¥976.0m from FY 2021). Profit margin: 2.5% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 48% 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. 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. 4 experienced directors. 7 highly experienced directors. No independent directors (10 non-independent directors). External Director Kohei Kato was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. 공시 • Apr 08
SNT Corporation to Report Fiscal Year 2022 Results on May 16, 2022 SNT Corporation announced that they will report fiscal year 2022 results on May 16, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥10.00 per share Eligible 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 but is generating plenty of cash to support the dividend. Trailing yield: 4.2%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (3.0%). Reported Earnings • Feb 17
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥4.86 (down from JP¥5.95 in 3Q 2021). Revenue: JP¥4.12b (up 3.8% from 3Q 2021). Net income: JP¥178.0m (down 18% from 3Q 2021). Profit margin: 4.3% (down from 5.5% in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 16
Second quarter 2022 earnings released: EPS JP¥3.14 (vs JP¥11.54 loss in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥4.11b (up 35% from 2Q 2021). Net income: JP¥115.0m (up JP¥538.0m from 2Q 2021). Profit margin: 2.8% (up from net loss in 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 15
First quarter 2022 earnings released: EPS JP¥1.09 (vs JP¥5.18 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¥4.00b (up 14% from 1Q 2021). Net income: JP¥40.0m (up JP¥230.0m from 1Q 2021). Profit margin: 1.0% (up from net loss in 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance. Reported Earnings • May 17
Full year 2021 earnings released: JP¥14.92 loss per share (vs JP¥5.89 loss in FY 2020) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2021 results: Revenue: JP¥15.2b (down 21% from FY 2020). Net loss: JP¥547.0m (loss widened 97% from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance. 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: 3.4%. Within top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.9%). Is New 90 Day High Low • Mar 01
New 90-day high: JP¥234 The company is up 26% from its price of JP¥185 on 01 December 2020. The Japanese market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 18% over the same period. Reported Earnings • Feb 14
Third quarter 2021 earnings released: EPS JP¥5.95 (vs JP¥2.50 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¥3.96b (down 14% from 3Q 2020). Net income: JP¥218.0m (up 77% from 3Q 2020). Profit margin: 5.5% (up from 2.7% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 85% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 08
New 90-day high: JP¥217 The company is up 5.0% from its price of JP¥206 on 10 November 2020. The Japanese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 25% over the same period. 공시 • Sep 26
SNT Corporation to Be Deleted from Other OTC SNT Corporation’s Ordinary Shares (Japan) will be deleted from Other OTC effective September 28, 2020. The deletion was due to inactive security. 공시 • Sep 11
SNT Corporation to Report Q2, 2021 Results on Nov 13, 2020 SNT Corporation announced that they will report Q2, 2021 results on Nov 13, 2020