View Financial HealthThis company listing is no longer activeThis company may still be operating, however this listing is no longer active. Find out why through their latest events.See Latest EventsNippon Piston Ring 배당 및 자사주 매입배당 기준 점검 5/6Nippon Piston Ring 수익으로 충분히 충당되는 현재 수익률 3.68% 보유한 배당금 지급 회사입니다.핵심 정보3.7%배당 수익률n/a자사주 매입 수익률총 주주 수익률n/a미래 배당 수익률n/a배당 성장률2.6%다음 배당 지급일n/a배당락일n/a주당 배당금n/a배당 성향26%최근 배당 및 자사주 매입 업데이트공시 • Aug 29Nippon Piston Ring Co., Ltd. (TSE:6461) announces an Equity Buyback for 210,000 shares, for ¥338.31 million.Nippon Piston Ring Co., Ltd. (TSE:6461) announces a share repurchase program. Under the program, the company will repurchase 210,000 shares, representing 2.62% of the outstanding shares for ¥338.31 million. The shares will be repurchased at price of ¥1,611 per share. The purpose of the program is to implement a flexible capital policy and shareholders return. As of July 31, 2023, the company had 8,016,039 shares outstanding and 358,118 shares in treasury.Upcoming Dividend • Mar 23Upcoming dividend of JP¥50.00 per share at 5.2% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 29 June 2023. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 5.2%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (3.2%).Upcoming Dividend • Sep 22Upcoming dividend of JP¥20.00 per shareEligible shareholders must have bought the stock before 29 September 2022. Payment date: 06 December 2022. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 5.5%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (3.1%).Upcoming Dividend • Mar 23Upcoming dividend of JP¥50.00 per shareEligible shareholders must have bought the stock before 30 March 2022. Payment date: 27 June 2022. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 7.4%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (3.0%).Upcoming Dividend • Mar 23Inaugural dividend of JP¥20.00 per shareEligible shareholders must have bought the stock before 30 March 2021. Payment date: 29 June 2021. The company last paid an ordinary dividend in June 2020. The average dividend yield among industry peers is 1.9%.모든 업데이트 보기Recent updates공시 • Sep 07Nippon Piston Ring Co., Ltd. to Delist from Prime Section of Tokyo Stock ExchangeNippon Piston Ring Co., Ltd. will be delisted from prime section of Tokyo Stock Exchange effective from September 28, 2023. Delisting is due to Becoming a wholly owned subsidiary of NPR-RIKEN CORPORATION.공시 • Aug 29Nippon Piston Ring Co., Ltd. (TSE:6461) announces an Equity Buyback for 210,000 shares, for ¥338.31 million.Nippon Piston Ring Co., Ltd. (TSE:6461) announces a share repurchase program. Under the program, the company will repurchase 210,000 shares, representing 2.62% of the outstanding shares for ¥338.31 million. The shares will be repurchased at price of ¥1,611 per share. The purpose of the program is to implement a flexible capital policy and shareholders return. As of July 31, 2023, the company had 8,016,039 shares outstanding and 358,118 shares in treasury.Buying Opportunity • Aug 16Now 21% undervaluedOver the last 90 days, the stock is up 17%. The fair value is estimated to be JP¥2,037, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.4% over the last 3 years. Meanwhile, the company has become profitable.Reported Earnings • Aug 12First quarter 2024 earnings released: EPS: JP¥103 (vs JP¥61.94 in 1Q 2023)First quarter 2024 results: EPS: JP¥103 (up from JP¥61.94 in 1Q 2023). Revenue: JP¥14.6b (up 9.1% from 1Q 2023). Net income: JP¥801.0m (up 67% from 1Q 2023). Profit margin: 5.5% (up from 3.6% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.공시 • Jun 21Nippon Piston Ring Co., Ltd. to Report Q1, 2024 Results on Aug 10, 2023Nippon Piston Ring Co., Ltd. announced that they will report Q1, 2024 results on Aug 10, 2023Reported Earnings • May 17Full year 2023 earnings released: EPS: JP¥233 (vs JP¥250 in FY 2022)Full year 2023 results: EPS: JP¥233 (down from JP¥250 in FY 2022). Revenue: JP¥58.5b (up 15% from FY 2022). Net income: JP¥1.81b (down 6.2% from FY 2022). Profit margin: 3.1% (down from 3.8% 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 67% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.공시 • May 14Nippon Piston Ring Co., Ltd., Annual General Meeting, Jun 23, 2023Nippon Piston Ring Co., Ltd., Annual General Meeting, Jun 23, 2023.Upcoming Dividend • Mar 23Upcoming dividend of JP¥50.00 per share at 5.2% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 29 June 2023. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 5.2%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (3.2%).Reported Earnings • Feb 12Third quarter 2023 earnings released: EPS: JP¥60.32 (vs JP¥63.54 in 3Q 2022)Third quarter 2023 results: EPS: JP¥60.32 (down from JP¥63.54 in 3Q 2022). Revenue: JP¥15.2b (up 22% from 3Q 2022). Net income: JP¥469.0m (down 4.3% from 3Q 2022). Profit margin: 3.1% (down from 3.9% 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 61% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.공시 • Dec 28Nippon Piston Ring Co., Ltd. to Report Q3, 2023 Results on Feb 10, 2023Nippon Piston Ring Co., Ltd. announced that they will report Q3, 2023 results on Feb 10, 2023Board Change • Nov 16Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Outside Director Hiroki Kimura was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.Reported Earnings • Nov 13Second quarter 2023 earnings released: EPS: JP¥12.11 (vs JP¥66.49 in 2Q 2022)Second quarter 2023 results: EPS: JP¥12.11 (down from JP¥66.49 in 2Q 2022). Revenue: JP¥14.4b (up 15% from 2Q 2022). Net income: JP¥94.0m (down 82% from 2Q 2022). Profit margin: 0.7% (down from 4.1% 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 57% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.Upcoming Dividend • Sep 22Upcoming dividend of JP¥20.00 per shareEligible shareholders must have bought the stock before 29 September 2022. Payment date: 06 December 2022. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 5.5%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (3.1%).공시 • Sep 18Nippon Piston Ring Co., Ltd. to Report Q2, 2023 Results on Nov 11, 2022Nippon Piston Ring Co., Ltd. announced that they will report Q2, 2023 results on Nov 11, 2022Reported Earnings • Aug 12First quarter 2023 earnings released: EPS: JP¥61.94 (vs JP¥99.67 in 1Q 2022)First quarter 2023 results: EPS: JP¥61.94 (down from JP¥99.67 in 1Q 2022). Revenue: JP¥13.4b (up 3.0% from 1Q 2022). Net income: JP¥479.0m (down 37% from 1Q 2022). Profit margin: 3.6% (down from 5.9% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.공시 • Jun 29Nippon Piston Ring Co., Ltd. to Report Q1, 2023 Results on Aug 10, 2022Nippon Piston Ring Co., Ltd. announced that they will report Q1, 2023 results on Aug 10, 2022Reported Earnings • May 19Full year 2022 earnings released: EPS: JP¥250 (vs JP¥103 loss in FY 2021)Full year 2022 results: EPS: JP¥250 (up from JP¥103 loss in FY 2021). Revenue: JP¥50.8b (up 12% from FY 2021). Net income: JP¥1.93b (up JP¥2.74b from FY 2021). Profit margin: 3.8% (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 increased by 23% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.공시 • May 15Nippon Piston Ring Co., Ltd., Annual General Meeting, Jun 28, 2022Nippon Piston Ring Co., Ltd., Annual General Meeting, Jun 28, 2022.Board Change • Apr 27Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Outside Director Hiroki Kimura was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.공시 • Apr 08Nippon Piston Ring Co., Ltd. to Report Fiscal Year 2022 Results on May 13, 2022Nippon Piston Ring Co., Ltd. announced that they will report fiscal year 2022 results on May 13, 2022Upcoming Dividend • Mar 23Upcoming dividend of JP¥50.00 per shareEligible shareholders must have bought the stock before 30 March 2022. Payment date: 27 June 2022. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 7.4%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (3.0%).Reported Earnings • Feb 10Third quarter 2022 earnings: Revenues and EPS in line with analyst expectationsThird quarter 2022 results: EPS: JP¥63.52 (down from JP¥80.04 in 3Q 2021). Revenue: JP¥12.5b (flat on 3Q 2021). Net income: JP¥490.0m (down 23% from 3Q 2021). Profit margin: 3.9% (down from 5.1% in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 7% per year.공시 • Jan 12Nippon Piston Ring Co., Ltd. (TSE:6461) completed the acquisition of Normeca Asia Co., Ltd. from Ryo Senda, President and Chief Executive Officer of Normeca Asia Co., Ltd..Nippon Piston Ring Co., Ltd. (TSE:6461) agreed to acquire Normeca Asia Co., Ltd. from Ryo Senda, President and Chief Executive Officer of Normeca Asia Co., Ltd. on December 24, 2021. Nippon Piston Ring will acquire 1,980 shares of Normeca Asia Co., Ltd. Ryo Senda plans to acquire all of Normeca's shares held by shareholders other than him by the date of the transfer of shares. Normeca Asia Co., Ltd. reported net assets of ¥515 million, total assets of ¥2.3 billion, sales of ¥3.8 billion and net profit of ¥300 million for the financial year ended March 31, 2021. Contract is scheduled to sign on December 24, 2021 and transaction is expected to complete on January 11, 2022. The impact of the acquisition of shares on Nippon Piston Ring's consolidated financial results for the fiscal year ending March 2022 will be minor. Nippon Piston Ring Co., Ltd. (TSE:6461) completed the acquisition of Normeca Asia Co., Ltd. from Ryo Senda, President and Chief Executive Officer of Normeca Asia Co., Ltd. on January 11, 2022.Reported Earnings • Nov 15Second quarter 2022 earnings released: EPS JP¥66.47 (vs JP¥115 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¥12.5b (up 36% from 2Q 2021). Net income: JP¥512.0m (up JP¥1.43b from 2Q 2021). Profit margin: 4.1% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.Reported Earnings • Aug 11First quarter 2022 earnings released: EPS JP¥99.67 (vs JP¥126 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¥13.0b (up 24% from 1Q 2021). Net income: JP¥765.0m (up JP¥1.79b from 1Q 2021). Profit margin: 5.9% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. 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.Reported Earnings • Jun 30Full year 2021 earnings released: JP¥103 loss per share (vs JP¥59.96 profit in FY 2020)The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2021 results: Revenue: JP¥45.3b (down 18% from FY 2020). Net loss: JP¥813.0m (down 266% from profit in FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance.Reported Earnings • May 17Full year 2021 earnings released: JP¥103 loss per share (vs JP¥59.96 profit in FY 2020)The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2021 results: Revenue: JP¥45.3b (down 18% from FY 2020). Net loss: JP¥813.0m (down 266% from profit in FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance.Upcoming Dividend • Mar 23Inaugural dividend of JP¥20.00 per shareEligible shareholders must have bought the stock before 30 March 2021. Payment date: 29 June 2021. The company last paid an ordinary dividend in June 2020. The average dividend yield among industry peers is 1.9%.공시 • Mar 19Nippon Piston Ring Co., Ltd. to Report Fiscal Year 2021 Results on May 14, 2021Nippon Piston Ring Co., Ltd. announced that they will report fiscal year 2021 results on May 14, 2021Reported Earnings • Feb 12Third quarter 2021 earnings released: EPS JP¥80.04 (vs JP¥56.00 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¥12.5b (down 12% from 3Q 2020). Net income: JP¥632.0m (up 39% from 3Q 2020). Profit margin: 5.1% (up from 3.2% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 93% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings.Is New 90 Day High Low • Feb 12New 90-day high: JP¥1,123The company is up 4.0% from its price of JP¥1,076 on 13 November 2020. The Japanese market is up 13% 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.Is New 90 Day High Low • Dec 28New 90-day low: JP¥911The company is down 14% from its price of JP¥1,064 on 29 September 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 14% over the same period.공시 • Dec 19Nippon Piston Ring Co., Ltd. to Report Q3, 2021 Results on Feb 10, 2021Nippon Piston Ring Co., Ltd. announced that they will report Q3, 2021 results on Feb 10, 2021공시 • Oct 10Nippon Piston Ring Co., Ltd. to Report Q2, 2021 Results on Nov 13, 2020Nippon Piston Ring Co., Ltd. announced that they will report Q2, 2021 results on Nov 13, 2020지급의 안정성과 성장배당 데이터 가져오는 중안정적인 배당: 6461 의 배당금 지급은 지난 10 년 동안 휘발성이었습니다.배당금 증가: 6461 의 배당금 지급은 지난 10 년 동안 증가했습니다.배당 수익률 vs 시장Nippon Piston Ring 배당 수익률 vs 시장6461의 배당 수익률은 시장과 어떻게 비교되나요?구분배당 수익률회사 (6461)3.7%시장 하위 25% (JP)1.8%시장 상위 25% (JP)3.9%업계 평균 (Auto Components)2.8%분석가 예측 (6461) (최대 3년)n/a주목할만한 배당금: 6461 의 배당금( 3.68% )은 JP 시장에서 배당금 지급자의 하위 25%( 1.82% )보다 높습니다.고배당: 6461 의 배당금( 3.68% )은 JP 시장( 3.89% )주주 대상 이익 배당수익 보장: 합리적으로 낮은 지불 비율 ( 25.6% )로 6461 의 배당금 지급은 수익으로 충분히 충당됩니다.주주 현금 배당현금 흐름 범위: 합리적으로 낮은 현금 지급 비율 ( 31% )로 6461 의 배당금 지급은 현금 흐름으로 잘 충당됩니다.높은 배당을 제공하는 우량 기업 찾기7D1Y7D1Y7D1YJP 시장에서 배당이 강한 기업.View Management기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2023/09/29 09:46종가2023/09/27 00:00수익2023/06/30연간 수익2023/03/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 세부 정보는 당사의 Github 페이지에서 확인하실 수 있으며, 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Nippon Piston Ring Co., Ltd.는 0명의 분석가가 다루고 있습니다. 이 중 명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.
공시 • Aug 29Nippon Piston Ring Co., Ltd. (TSE:6461) announces an Equity Buyback for 210,000 shares, for ¥338.31 million.Nippon Piston Ring Co., Ltd. (TSE:6461) announces a share repurchase program. Under the program, the company will repurchase 210,000 shares, representing 2.62% of the outstanding shares for ¥338.31 million. The shares will be repurchased at price of ¥1,611 per share. The purpose of the program is to implement a flexible capital policy and shareholders return. As of July 31, 2023, the company had 8,016,039 shares outstanding and 358,118 shares in treasury.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥50.00 per share at 5.2% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 29 June 2023. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 5.2%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (3.2%).
Upcoming Dividend • Sep 22Upcoming dividend of JP¥20.00 per shareEligible shareholders must have bought the stock before 29 September 2022. Payment date: 06 December 2022. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 5.5%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (3.1%).
Upcoming Dividend • Mar 23Upcoming dividend of JP¥50.00 per shareEligible shareholders must have bought the stock before 30 March 2022. Payment date: 27 June 2022. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 7.4%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (3.0%).
Upcoming Dividend • Mar 23Inaugural dividend of JP¥20.00 per shareEligible shareholders must have bought the stock before 30 March 2021. Payment date: 29 June 2021. The company last paid an ordinary dividend in June 2020. The average dividend yield among industry peers is 1.9%.
공시 • Sep 07Nippon Piston Ring Co., Ltd. to Delist from Prime Section of Tokyo Stock ExchangeNippon Piston Ring Co., Ltd. will be delisted from prime section of Tokyo Stock Exchange effective from September 28, 2023. Delisting is due to Becoming a wholly owned subsidiary of NPR-RIKEN CORPORATION.
공시 • Aug 29Nippon Piston Ring Co., Ltd. (TSE:6461) announces an Equity Buyback for 210,000 shares, for ¥338.31 million.Nippon Piston Ring Co., Ltd. (TSE:6461) announces a share repurchase program. Under the program, the company will repurchase 210,000 shares, representing 2.62% of the outstanding shares for ¥338.31 million. The shares will be repurchased at price of ¥1,611 per share. The purpose of the program is to implement a flexible capital policy and shareholders return. As of July 31, 2023, the company had 8,016,039 shares outstanding and 358,118 shares in treasury.
Buying Opportunity • Aug 16Now 21% undervaluedOver the last 90 days, the stock is up 17%. The fair value is estimated to be JP¥2,037, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.4% over the last 3 years. Meanwhile, the company has become profitable.
Reported Earnings • Aug 12First quarter 2024 earnings released: EPS: JP¥103 (vs JP¥61.94 in 1Q 2023)First quarter 2024 results: EPS: JP¥103 (up from JP¥61.94 in 1Q 2023). Revenue: JP¥14.6b (up 9.1% from 1Q 2023). Net income: JP¥801.0m (up 67% from 1Q 2023). Profit margin: 5.5% (up from 3.6% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.
공시 • Jun 21Nippon Piston Ring Co., Ltd. to Report Q1, 2024 Results on Aug 10, 2023Nippon Piston Ring Co., Ltd. announced that they will report Q1, 2024 results on Aug 10, 2023
Reported Earnings • May 17Full year 2023 earnings released: EPS: JP¥233 (vs JP¥250 in FY 2022)Full year 2023 results: EPS: JP¥233 (down from JP¥250 in FY 2022). Revenue: JP¥58.5b (up 15% from FY 2022). Net income: JP¥1.81b (down 6.2% from FY 2022). Profit margin: 3.1% (down from 3.8% 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 67% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
공시 • May 14Nippon Piston Ring Co., Ltd., Annual General Meeting, Jun 23, 2023Nippon Piston Ring Co., Ltd., Annual General Meeting, Jun 23, 2023.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥50.00 per share at 5.2% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 29 June 2023. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 5.2%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (3.2%).
Reported Earnings • Feb 12Third quarter 2023 earnings released: EPS: JP¥60.32 (vs JP¥63.54 in 3Q 2022)Third quarter 2023 results: EPS: JP¥60.32 (down from JP¥63.54 in 3Q 2022). Revenue: JP¥15.2b (up 22% from 3Q 2022). Net income: JP¥469.0m (down 4.3% from 3Q 2022). Profit margin: 3.1% (down from 3.9% 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 61% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
공시 • Dec 28Nippon Piston Ring Co., Ltd. to Report Q3, 2023 Results on Feb 10, 2023Nippon Piston Ring Co., Ltd. announced that they will report Q3, 2023 results on Feb 10, 2023
Board Change • Nov 16Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Outside Director Hiroki Kimura was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
Reported Earnings • Nov 13Second quarter 2023 earnings released: EPS: JP¥12.11 (vs JP¥66.49 in 2Q 2022)Second quarter 2023 results: EPS: JP¥12.11 (down from JP¥66.49 in 2Q 2022). Revenue: JP¥14.4b (up 15% from 2Q 2022). Net income: JP¥94.0m (down 82% from 2Q 2022). Profit margin: 0.7% (down from 4.1% 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 57% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Sep 22Upcoming dividend of JP¥20.00 per shareEligible shareholders must have bought the stock before 29 September 2022. Payment date: 06 December 2022. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 5.5%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (3.1%).
공시 • Sep 18Nippon Piston Ring Co., Ltd. to Report Q2, 2023 Results on Nov 11, 2022Nippon Piston Ring Co., Ltd. announced that they will report Q2, 2023 results on Nov 11, 2022
Reported Earnings • Aug 12First quarter 2023 earnings released: EPS: JP¥61.94 (vs JP¥99.67 in 1Q 2022)First quarter 2023 results: EPS: JP¥61.94 (down from JP¥99.67 in 1Q 2022). Revenue: JP¥13.4b (up 3.0% from 1Q 2022). Net income: JP¥479.0m (down 37% from 1Q 2022). Profit margin: 3.6% (down from 5.9% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
공시 • Jun 29Nippon Piston Ring Co., Ltd. to Report Q1, 2023 Results on Aug 10, 2022Nippon Piston Ring Co., Ltd. announced that they will report Q1, 2023 results on Aug 10, 2022
Reported Earnings • May 19Full year 2022 earnings released: EPS: JP¥250 (vs JP¥103 loss in FY 2021)Full year 2022 results: EPS: JP¥250 (up from JP¥103 loss in FY 2021). Revenue: JP¥50.8b (up 12% from FY 2021). Net income: JP¥1.93b (up JP¥2.74b from FY 2021). Profit margin: 3.8% (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 increased by 23% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
공시 • May 15Nippon Piston Ring Co., Ltd., Annual General Meeting, Jun 28, 2022Nippon Piston Ring Co., Ltd., Annual General Meeting, Jun 28, 2022.
Board Change • Apr 27Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Outside Director Hiroki Kimura was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
공시 • Apr 08Nippon Piston Ring Co., Ltd. to Report Fiscal Year 2022 Results on May 13, 2022Nippon Piston Ring Co., Ltd. announced that they will report fiscal year 2022 results on May 13, 2022
Upcoming Dividend • Mar 23Upcoming dividend of JP¥50.00 per shareEligible shareholders must have bought the stock before 30 March 2022. Payment date: 27 June 2022. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 7.4%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (3.0%).
Reported Earnings • Feb 10Third quarter 2022 earnings: Revenues and EPS in line with analyst expectationsThird quarter 2022 results: EPS: JP¥63.52 (down from JP¥80.04 in 3Q 2021). Revenue: JP¥12.5b (flat on 3Q 2021). Net income: JP¥490.0m (down 23% from 3Q 2021). Profit margin: 3.9% (down from 5.1% in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 7% per year.
공시 • Jan 12Nippon Piston Ring Co., Ltd. (TSE:6461) completed the acquisition of Normeca Asia Co., Ltd. from Ryo Senda, President and Chief Executive Officer of Normeca Asia Co., Ltd..Nippon Piston Ring Co., Ltd. (TSE:6461) agreed to acquire Normeca Asia Co., Ltd. from Ryo Senda, President and Chief Executive Officer of Normeca Asia Co., Ltd. on December 24, 2021. Nippon Piston Ring will acquire 1,980 shares of Normeca Asia Co., Ltd. Ryo Senda plans to acquire all of Normeca's shares held by shareholders other than him by the date of the transfer of shares. Normeca Asia Co., Ltd. reported net assets of ¥515 million, total assets of ¥2.3 billion, sales of ¥3.8 billion and net profit of ¥300 million for the financial year ended March 31, 2021. Contract is scheduled to sign on December 24, 2021 and transaction is expected to complete on January 11, 2022. The impact of the acquisition of shares on Nippon Piston Ring's consolidated financial results for the fiscal year ending March 2022 will be minor. Nippon Piston Ring Co., Ltd. (TSE:6461) completed the acquisition of Normeca Asia Co., Ltd. from Ryo Senda, President and Chief Executive Officer of Normeca Asia Co., Ltd. on January 11, 2022.
Reported Earnings • Nov 15Second quarter 2022 earnings released: EPS JP¥66.47 (vs JP¥115 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¥12.5b (up 36% from 2Q 2021). Net income: JP¥512.0m (up JP¥1.43b from 2Q 2021). Profit margin: 4.1% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.
Reported Earnings • Aug 11First quarter 2022 earnings released: EPS JP¥99.67 (vs JP¥126 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¥13.0b (up 24% from 1Q 2021). Net income: JP¥765.0m (up JP¥1.79b from 1Q 2021). Profit margin: 5.9% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. 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.
Reported Earnings • Jun 30Full year 2021 earnings released: JP¥103 loss per share (vs JP¥59.96 profit in FY 2020)The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2021 results: Revenue: JP¥45.3b (down 18% from FY 2020). Net loss: JP¥813.0m (down 266% from profit in FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance.
Reported Earnings • May 17Full year 2021 earnings released: JP¥103 loss per share (vs JP¥59.96 profit in FY 2020)The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2021 results: Revenue: JP¥45.3b (down 18% from FY 2020). Net loss: JP¥813.0m (down 266% from profit in FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance.
Upcoming Dividend • Mar 23Inaugural dividend of JP¥20.00 per shareEligible shareholders must have bought the stock before 30 March 2021. Payment date: 29 June 2021. The company last paid an ordinary dividend in June 2020. The average dividend yield among industry peers is 1.9%.
공시 • Mar 19Nippon Piston Ring Co., Ltd. to Report Fiscal Year 2021 Results on May 14, 2021Nippon Piston Ring Co., Ltd. announced that they will report fiscal year 2021 results on May 14, 2021
Reported Earnings • Feb 12Third quarter 2021 earnings released: EPS JP¥80.04 (vs JP¥56.00 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¥12.5b (down 12% from 3Q 2020). Net income: JP¥632.0m (up 39% from 3Q 2020). Profit margin: 5.1% (up from 3.2% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 93% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings.
Is New 90 Day High Low • Feb 12New 90-day high: JP¥1,123The company is up 4.0% from its price of JP¥1,076 on 13 November 2020. The Japanese market is up 13% 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.
Is New 90 Day High Low • Dec 28New 90-day low: JP¥911The company is down 14% from its price of JP¥1,064 on 29 September 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 14% over the same period.
공시 • Dec 19Nippon Piston Ring Co., Ltd. to Report Q3, 2021 Results on Feb 10, 2021Nippon Piston Ring Co., Ltd. announced that they will report Q3, 2021 results on Feb 10, 2021
공시 • Oct 10Nippon Piston Ring Co., Ltd. to Report Q2, 2021 Results on Nov 13, 2020Nippon Piston Ring Co., Ltd. announced that they will report Q2, 2021 results on Nov 13, 2020