View ValuationUshio 향후 성장Future 기준 점검 4/6Ushio (는) 각각 연간 26.9% 및 8.9% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 26.4% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 9.1% 로 예상됩니다.핵심 정보26.9%이익 성장률26.40%EPS 성장률Electrical 이익 성장13.7%매출 성장률8.9%향후 자기자본이익률9.11%애널리스트 커버리지Low마지막 업데이트22 Jul 2026최근 향후 성장 업데이트Price Target Changed • Jul 23Price target increased by 9.7% to JP¥5,075Up from JP¥4,625, the current price target is an average from 4 analysts. New target price is 20% above last closing price of JP¥4,219. Stock is up 134% over the past year. The company is forecast to post earnings per share of JP¥135 for next year compared to JP¥94.88 last year.Price Target Changed • Jun 10Price target increased by 13% to JP¥3,350Up from JP¥2,975, the current price target is an average from 4 analysts. New target price is 16% below last closing price of JP¥3,978. Stock is up 127% over the past year. The company is forecast to post earnings per share of JP¥134 for next year compared to JP¥94.88 last year.Price Target Changed • Apr 07Price target increased by 17% to JP¥2,975Up from JP¥2,533, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of JP¥3,066. Stock is up 85% over the past year. The company is forecast to post earnings per share of JP¥99.38 for next year compared to JP¥70.27 last year.Price Target Changed • Jan 06Price target increased by 14% to JP¥2,467Up from JP¥2,167, the current price target is an average from 3 analysts. New target price is 13% below last closing price of JP¥2,826. Stock is up 29% over the past year. The company is forecast to post earnings per share of JP¥86.57 for next year compared to JP¥70.27 last year.공고 • Jun 26Ushio Inc. Provides Earnings Guidance for the First Quarter Ending June 30, 2025Ushio Inc. provided earnings guidance for the first quarter ending June 30, 2025. For the quarter, the company expects extraordinary loss. Due to the special lump-sum severance payment and outplacement expenses incurred as a result of Expansion of Second Life Support Program and Special Offering, it is expected that approximately JPY 2.1 billion of business restructuring expenses will be recorded in both consolidated and standalone financial statements. Certain overseas consolidated subsidiaries are reviewing their organizational management, including personnel reductions, to transform these entities from low-profit structures into business units that contribute to the overall group's profitability through fundamental improvements in their earnings structure. As related expenses such as severance costs, approximately JPY 1 billion in business restructuring expenses are expected to be recorded in the consolidated financial statements.Major Estimate Revision • May 20Consensus EPS estimates fall by 23%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from JP¥180.6b to JP¥172.8b. EPS estimate also fell from JP¥109 per share to JP¥83.90 per share. Net income forecast to grow 11% next year vs 4.6% growth forecast for Electrical industry in Japan. Consensus price target down from JP¥2,108 to JP¥1,925. Share price fell 6.8% to JP¥1,709 over the past week.모든 업데이트 보기Recent updatesValuation Update With 7 Day Price Move • Jul 30Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to JP¥3,594, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 15x in the Electrical industry in Japan. Total returns to shareholders of 105% over the past three years.Price Target Changed • Jul 23Price target increased by 9.7% to JP¥5,075Up from JP¥4,625, the current price target is an average from 4 analysts. New target price is 20% above last closing price of JP¥4,219. Stock is up 134% over the past year. The company is forecast to post earnings per share of JP¥135 for next year compared to JP¥94.88 last year.New Risk • Jul 14New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 9.2% 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. This is currently the only risk that has been identified for the company.Valuation Update With 7 Day Price Move • Jun 17Investor sentiment improves as stock rises 16%After last week's 16% share price gain to JP¥4,596, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 18x in the Electrical industry in Japan. Total returns to shareholders of 161% over the past three years.Price Target Changed • Jun 10Price target increased by 13% to JP¥3,350Up from JP¥2,975, the current price target is an average from 4 analysts. New target price is 16% below last closing price of JP¥3,978. Stock is up 127% over the past year. The company is forecast to post earnings per share of JP¥134 for next year compared to JP¥94.88 last year.분석 기사 • May 21Ushio (TSE:6925) Strong Profits May Be Masking Some Underlying IssuesThe market for Ushio Inc.'s ( TSE:6925 ) stock was strong after it released a healthy earnings report last week...Reported Earnings • May 18Full year 2026 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2026 results: EPS: JP¥94.88 (up from JP¥70.27 in FY 2025). Revenue: JP¥179.2b (flat on FY 2025). Net income: JP¥8.00b (up 18% from FY 2025). Profit margin: 4.5% (up from 3.8% in FY 2025). Revenue exceeded analyst estimates by 3.3%. Earnings per share (EPS) missed analyst estimates by 4.5%. Revenue is forecast to grow 8.9% p.a. on average during the next 2 years, compared to a 6.8% growth forecast for the Electrical industry in Japan. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 30% per year, which means it is well ahead of earnings.New Risk • May 15New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 8.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.1% average weekly change). Profit margins are more than 30% lower than last year (2.9% net profit margin).Valuation Update With 7 Day Price Move • May 15Investor sentiment improves as stock rises 26%After last week's 26% share price gain to JP¥4,239, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 21x in the Electrical industry in Japan. Total returns to shareholders of 143% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,774 per share.공고 • May 14Ushio Inc., Annual General Meeting, Jun 29, 2026Ushio Inc., Annual General Meeting, Jun 29, 2026.공고 • May 10Ushio Inc. to Report Fiscal Year 2026 Results on May 14, 2026Ushio Inc. announced that they will report fiscal year 2026 results on May 14, 2026공고 • Apr 20Ushio Industry & Entertainment Appoints Takuya Matsumoto as President & CEOUshio Industry & Entertainment announced the appointment of Takuya Matsumoto as President and Chief Executive Officer, marking a key milestone in the evolution of the business and its integration within the Ushio Group. With more than 20 years of experience across sales, new business development, and global operations, Takuya Matsumoto brings deep industry expertise and a strong leadership track record within Ushio. Most recently, he served as General Manager of the Global Business Unit, where he played a pivotal role in advancing global growth initiatives. Under Takuya Matsumoto’s leadership, Ushio INE will continue to build on its strong legacy while advancing its mission to deliver high-performance, high-quality lighting solutions across industrial and entertainment markets worldwide.Price Target Changed • Apr 07Price target increased by 17% to JP¥2,975Up from JP¥2,533, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of JP¥3,066. Stock is up 85% over the past year. The company is forecast to post earnings per share of JP¥99.38 for next year compared to JP¥70.27 last year.Upcoming Dividend • Mar 23Upcoming dividend of JP¥70.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 30 June 2026. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.2%).분석 기사 • Feb 09Ushio (TSE:6925) Has Announced A Dividend Of ¥70.00The board of Ushio Inc. ( TSE:6925 ) has announced that it will pay a dividend on the 30th of June, with investors...공고 • Feb 09+ 2 more updatesUshio Inc. to Report Q2, 2027 Results on Nov 06, 2026Ushio Inc. announced that they will report Q2, 2027 results on Nov 06, 2026Reported Earnings • Feb 07Third quarter 2026 earnings: EPS and revenues exceed analyst expectationsThird quarter 2026 results: EPS: JP¥46.00 (up from JP¥36.12 in 3Q 2025). Revenue: JP¥45.5b (up 7.2% from 3Q 2025). Net income: JP¥3.80b (up 10% from 3Q 2025). Profit margin: 8.3% (up from 8.1% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 7.5%. Earnings per share (EPS) also surpassed analyst estimates significantly. Revenue is forecast to grow 10.0% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Electrical industry in Japan. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings.분석 기사 • Jan 08Ushio (TSE:6925) Will Pay A Dividend Of ¥70.00The board of Ushio Inc. ( TSE:6925 ) has announced that it will pay a dividend of ¥70.00 per share on the 30th of June...Declared Dividend • Jan 08Dividend of JP¥70.00 announcedDividend of JP¥70.00 is the same as last year. Ex-date: 30th March 2026 Payment date: 30th June 2026 Dividend yield will be 2.5%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is not covered by earnings (133% earnings payout ratio). However, it is covered by cash flows (52% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 48% to bring the payout ratio under control. EPS is expected to grow by 167% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.공고 • Jan 07Ushio Inc. announces Annual dividend, payable on June 30, 2026Ushio Inc. announced Annual dividend of JPY 70.0000 per share payable on June 30, 2026, ex-date on March 30, 2026 and record date on March 31, 2026.분석 기사 • Jan 06Earnings Tell The Story For Ushio Inc. (TSE:6925)With a price-to-earnings (or "P/E") ratio of 48.9x Ushio Inc. ( TSE:6925 ) may be sending very bearish signals at the...Price Target Changed • Jan 06Price target increased by 14% to JP¥2,467Up from JP¥2,167, the current price target is an average from 3 analysts. New target price is 13% below last closing price of JP¥2,826. Stock is up 29% over the past year. The company is forecast to post earnings per share of JP¥86.57 for next year compared to JP¥70.27 last year.Reported Earnings • Nov 08Second quarter 2026 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2026 results: EPS: JP¥35.83 (up from JP¥20.28 in 2Q 2025). Revenue: JP¥43.1b (down 11% from 2Q 2025). Net income: JP¥3.07b (up 53% from 2Q 2025). Profit margin: 7.1% (up from 4.2% in 2Q 2025). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Electrical industry in Japan. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.분석 기사 • Oct 28Calculating The Fair Value Of Ushio Inc. (TSE:6925)Key Insights Using the 2 Stage Free Cash Flow to Equity, Ushio fair value estimate is JP¥2,529 With JP¥2,554 share...공고 • Sep 22Ushio Inc.(TSE:6925) dropped from FTSE All-World Index (USD)Ushio Inc.(TSE:6925) dropped from FTSE All-World Index (USD)Buy Or Sell Opportunity • Aug 20Now 20% undervaluedOver the last 90 days, the stock has risen 21% to JP¥2,086. The fair value is estimated to be JP¥2,622, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.4% over the last 3 years. Earnings per share has declined by 23%. Revenue is forecast to grow by 3.4% in 2 years. Earnings are forecast to grow by 198% in the next 2 years.Valuation Update With 7 Day Price Move • Aug 12Investor sentiment improves as stock rises 15%After last week's 15% share price gain to JP¥2,123, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 14x in the Electrical industry in Japan. Total returns to shareholders of 28% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,622 per share.Reported Earnings • Aug 07First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2026 results: JP¥32.06 loss per share (down from JP¥2.92 profit in 1Q 2025). Revenue: JP¥38.4b (up 2.2% from 1Q 2025). Net loss: JP¥2.83b (down JP¥3.12b from profit in 1Q 2025). Revenue exceeded analyst estimates by 7.7%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Electrical industry in Japan. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.공고 • Aug 05Ushio Inc. (TSE:6925) announces an Equity Buyback for 15,000,000 shares, representing 17.04% for ¥20,000 million.Ushio Inc. (TSE:6925) announces a share repurchase program. Under the program, the company will repurchase up to 15,000,000 shares, representing 17.04% of its issued share capital (excluding treasury stock), for a total purchase price of ¥20,000 million. The purpose of the program is to raise capital efficiency and enable the implementation of an agile capital policy. The program will be valid till April 30, 2026. As of July 31, 2025, the company had 88,046,737 issued shares (excluding treasury stock) and 4,453,263 treasury shares.분석 기사 • Jul 29Ushio Inc. (TSE:6925) Shares Could Be 24% Below Their Intrinsic Value EstimateKey Insights Using the 2 Stage Free Cash Flow to Equity, Ushio fair value estimate is JP¥2,437 Ushio's JP¥1,846 share...분석 기사 • Jul 03We Think That There Are More Issues For Ushio (TSE:6925) Than Just Sluggish EarningsA lackluster earnings announcement from Ushio Inc. ( TSE:6925 ) last week didn't sink the stock price. Our analysis...공고 • Jun 26Ushio Inc. Provides Earnings Guidance for the First Quarter Ending June 30, 2025Ushio Inc. provided earnings guidance for the first quarter ending June 30, 2025. For the quarter, the company expects extraordinary loss. Due to the special lump-sum severance payment and outplacement expenses incurred as a result of Expansion of Second Life Support Program and Special Offering, it is expected that approximately JPY 2.1 billion of business restructuring expenses will be recorded in both consolidated and standalone financial statements. Certain overseas consolidated subsidiaries are reviewing their organizational management, including personnel reductions, to transform these entities from low-profit structures into business units that contribute to the overall group's profitability through fundamental improvements in their earnings structure. As related expenses such as severance costs, approximately JPY 1 billion in business restructuring expenses are expected to be recorded in the consolidated financial statements.New Risk • May 21New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 100% Cash payout ratio: 127% Dividend yield: 4.1% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough 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. 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: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 100% Cash payout ratio: 127% Minor Risk Profit margins are more than 30% lower than last year (3.8% net profit margin).Major Estimate Revision • May 20Consensus EPS estimates fall by 23%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from JP¥180.6b to JP¥172.8b. EPS estimate also fell from JP¥109 per share to JP¥83.90 per share. Net income forecast to grow 11% next year vs 4.6% growth forecast for Electrical industry in Japan. Consensus price target down from JP¥2,108 to JP¥1,925. Share price fell 6.8% to JP¥1,709 over the past week.분석 기사 • May 16Earnings Release: Here's Why Analysts Cut Their Ushio Inc. (TSE:6925) Price Target To JP¥1,925Ushio Inc. ( TSE:6925 ) shareholders are probably feeling a little disappointed, since its shares fell 3.9% to JP¥1,704...Reported Earnings • May 15Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: JP¥70.27 (down from JP¥97.22 in FY 2024). Revenue: JP¥177.6b (down 1.0% from FY 2024). Net income: JP¥6.80b (down 37% from FY 2024). Profit margin: 3.8% (down from 6.0% in FY 2024). The decrease in margin was primarily driven by higher expenses. Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 1.4%. Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Electrical industry in Japan. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.New Risk • May 15New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.8% Last year net profit margin: 6.0% 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 (3.8% net profit margin).공고 • May 13Ushio Inc., Annual General Meeting, Jun 27, 2025Ushio Inc., Annual General Meeting, Jun 27, 2025.Valuation Update With 7 Day Price Move • Apr 09Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to JP¥1,560, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 10x in the Electrical industry in Japan. Total returns to shareholders of 5.5% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥706 per share.분석 기사 • Mar 28Is Ushio (TSE:6925) Using Too Much Debt?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Upcoming Dividend • Mar 21Upcoming dividend of JP¥70.00 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 28 June 2025. Payout ratio is a comfortable 64% but the company is not cash flow positive. Trailing yield: 3.4%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.9%).분석 기사 • Feb 11Ushio Inc. Just Beat EPS By 315%: Here's What Analysts Think Will Happen NextAs you might know, Ushio Inc. ( TSE:6925 ) recently reported its quarterly numbers. It looks to have been a decent...Reported Earnings • Feb 08Third quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2025 results: EPS: JP¥36.12 (down from JP¥40.81 in 3Q 2024). Revenue: JP¥42.5b (down 11% from 3Q 2024). Net income: JP¥3.44b (down 22% from 3Q 2024). Profit margin: 8.1% (down from 9.3% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 7.3%. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Electrical industry in Japan. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.분석 기사 • Feb 08Ushio (TSE:6925) Is Increasing Its Dividend To ¥70.00Ushio Inc. ( TSE:6925 ) will increase its dividend from last year's comparable payment on the 28th of June to ¥70.00...공고 • Feb 07+ 3 more updatesUshio Inc. to Report Q2, 2026 Results on Nov 06, 2025Ushio Inc. announced that they will report Q2, 2026 results on Nov 06, 2025분석 기사 • Jan 20Ushio's (TSE:6925) Upcoming Dividend Will Be Larger Than Last Year'sUshio Inc.'s ( TSE:6925 ) dividend will be increasing from last year's payment of the same period to ¥70.00 on 28th of...분석 기사 • Jan 06Ushio's (TSE:6925) Dividend Will Be Increased To ¥70.00Ushio Inc. ( TSE:6925 ) has announced that it will be increasing its dividend from last year's comparable payment on...Declared Dividend • Jan 06Dividend of JP¥70.00 announcedShareholders will receive a dividend of JP¥70.00. Ex-date: 28th March 2025 Payment date: 28th June 2025 Dividend yield will be 3.3%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is covered by earnings (59% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 104% over the next 3 years, which should provide support to the dividend and adequate earnings cover.분석 기사 • Nov 27We Think Ushio's (TSE:6925) Healthy Earnings Might Be ConservativeUshio Inc.'s ( TSE:6925 ) solid earnings announcement recently didn't do much to the stock price. We did some analysis...분석 기사 • Nov 08Ushio Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their PredictionsA week ago, Ushio Inc. ( TSE:6925 ) came out with a strong set of half-yearly numbers that could potentially lead to a...Reported Earnings • Nov 08Second quarter 2025 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2025 results: EPS: JP¥20.28 (down from JP¥21.64 in 2Q 2024). Revenue: JP¥48.1b (up 5.2% from 2Q 2024). Net income: JP¥2.01b (down 19% from 2Q 2024). Profit margin: 4.2% (down from 5.4% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 6.6%. Earnings per share (EPS) also surpassed analyst estimates by 93%. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Electrical industry in Japan. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 1% per year.Major Estimate Revision • Nov 07Consensus EPS estimates increase by 26%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from JP¥49.63 to JP¥62.48. Revenue forecast steady at JP¥175.9b. Net income forecast to shrink 19% next year vs 5.7% growth forecast for Electrical industry in Japan . Consensus price target up from JP¥1,950 to JP¥2,117. Share price was steady at JP¥2,141 over the past week.분석 기사 • Oct 22Risks To Shareholder Returns Are Elevated At These Prices For Ushio Inc. (TSE:6925)With a price-to-earnings (or "P/E") ratio of 21.5x Ushio Inc. ( TSE:6925 ) may be sending very bearish signals at the...분석 기사 • Oct 01Is There Now An Opportunity In Ushio Inc. (TSE:6925)?Ushio Inc. ( TSE:6925 ), might not be a large cap stock, but it saw a double-digit share price rise of over 10% in the...Reported Earnings • Aug 06First quarter 2025 earnings: EPS and revenues miss analyst expectationsFirst quarter 2025 results: EPS: JP¥2.92 (down from JP¥15.35 in 1Q 2024). Revenue: JP¥37.5b (down 4.4% from 1Q 2024). Net income: JP¥297.0m (down 83% from 1Q 2024). Profit margin: 0.8% (down from 4.6% in 1Q 2024). Revenue missed analyst estimates by 5.9%. Earnings per share (EPS) also missed analyst estimates by 81%. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Electrical industry in Japan. 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 1% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to JP¥1,801, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 12x in the Electrical industry in Japan. Negligible returns to shareholders over past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,016 per share.분석 기사 • Jul 25Returns On Capital Are Showing Encouraging Signs At Ushio (TSE:6925)If you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'd want to identify a...Reported Earnings • May 18Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: JP¥97.22 (down from JP¥116 in FY 2023). Revenue: JP¥179.4b (up 2.5% from FY 2023). Net income: JP¥10.8b (down 21% from FY 2023). Profit margin: 6.0% (down from 7.8% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.6%. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Electrical 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 only increased by 9% per year, which means it is significantly lagging earnings growth.Major Estimate Revision • May 17Consensus EPS estimates fall by 15%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from JP¥183.5b to JP¥177.2b. EPS estimate also fell from JP¥95.45 per share to JP¥81.52 per share. Net income forecast to shrink 1.1% next year vs 0.8% growth forecast for Electrical industry in Japan . Consensus price target down from JP¥2,025 to JP¥1,950. Share price fell 4.3% to JP¥1,996 over the past week.공고 • May 16+ 3 more updatesUshio Inc., Annual General Meeting, Jun 27, 2024Ushio Inc., Annual General Meeting, Jun 27, 2024.공고 • May 15Ushio Inc. (TSE:6925) announces an Equity Buyback for 20,000,000 shares, representing 19.53% for ¥30,000 million.Ushio Inc. (TSE:6925) announces a share repurchase program. Under the program, the company will repurchase up to 20,000,000 shares, representing 17% of its issued share capital (excluding treasury stock), for a total purchase price of ¥30,000 million. The purpose of the program is to enable improvement of capital efficiency and agile execution of capital policy. The program will be valid till April 30, 2025. As of April 30, 2024, the company had 102,428,003 issued shares (excluding treasury stock) and 5,071,997 treasury shares.분석 기사 • Apr 26Is Ushio (TSE:6925) Using Too Much Debt?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...분석 기사 • Mar 25Ushio (TSE:6925) Is Due To Pay A Dividend Of ¥50.00Ushio Inc. ( TSE:6925 ) will pay a dividend of ¥50.00 on the 1st of July. The dividend yield will be 2.5% based on this...Upcoming Dividend • Mar 21Upcoming dividend of JP¥50.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 55% but the company is not cash flow positive. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.8%).분석 기사 • Mar 12A Look At The Fair Value Of Ushio Inc. (TSE:6925)Key Insights Ushio's estimated fair value is JP¥2,012 based on 2 Stage Free Cash Flow to Equity Current share price of...Reported Earnings • Feb 10Third quarter 2024 earnings: EPS and revenues exceed analyst expectationsThird quarter 2024 results: EPS: JP¥40.81 (up from JP¥21.78 in 3Q 2023). Revenue: JP¥47.5b (up 18% from 3Q 2023). Net income: JP¥4.43b (up 73% from 3Q 2023). Profit margin: 9.3% (up from 6.4% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) also surpassed analyst estimates by 61%. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Electrical industry in Japan. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.공고 • Feb 09+ 1 more updateUshio Inc. Revises Consolidated Earnings Guidance for the Full Year Ending March 31, 2024Ushio Inc. revised consolidated earnings guidance for the full year ending March 31, 2024. For the year, the company now expects net sales of ¥178,000 million against previous guidance of ¥188,000 million; Operating profit is now expected to be ¥12,500 million against previous guidance of ¥12,500 million; Profit attributable to owners of parent is now expected to be ¥10,000 million against previous guidance of ¥10,000 million. Basic earnings per share is now expected to be ¥90.58 against previous guidance of ¥90.58.공고 • Jan 11Ushio Inc. Approves Chief Executive Officer Changes, Effective April 1, 2024USHIO INC. announced that, at the board of directors meeting held on January 10, 2024, approved change the new management structure: Takabumi Asahi, Director, Managing Executive Officer, Chief Financial Officer as Chief Executive Officer; Koji Naito, Chief Executive Officer as Director, Senior Adviser. Scheduled Date for the Change April 1, 2024. Career History of the Takabumi Asahi: Date of Birth August 28,1964 (59 years old); Education Mar. 1987 Bachelor of Engineering, Synthetic Chemistry, Chiba University; Career: Apr. 1987 Oki Electric Industry Co. Ltd.; Apr. 1998 GM, Oki Semiconductor Taiwan Branch; Apr. 1999 President, Oki Taiwan Inc.; Apr. 2004 GM, North America, Sales and Marketing Dept. Silicon Solutions Company, Oki Electric Industry Co. Ltd.; Apr. 2007 President and CEO, Oki Semiconductor Americas Company; Oct. 2008 President and CEO, Oki Electric Americas Inc.; Aug. 2009 President and CEO, Oki Data Americas Inc.; Oct. 2015 GM, Overseas Sales and Marketing Center, Marketing Dept. Oki Data Inc.; Oct. 2015 Deputy GM, Marketing Dept. Oki Data Inc.; Apr. 2017 Joined Ushio Inc. Deputy General Manager, Corporate Headquarters; Apr. 2018 Executive Officer Deputy General Manager, Corporate Headquarters and General Manager, Corporate Strategy Division, Corporate Headquarters; Apr. 2019 Senior Executive Officer General Manager, Corporate Headquarters (incumbent); Apr. 2022 Director, Managing Executive Officer and Chief Financial Officer (incumbent).Reported Earnings • Nov 07Second quarter 2024 earnings: EPS exceeds analyst expectationsSecond quarter 2024 results: EPS: JP¥21.64 (down from JP¥47.84 in 2Q 2023). Revenue: JP¥45.7b (down 5.2% from 2Q 2023). Net income: JP¥2.47b (down 56% from 2Q 2023). Profit margin: 5.4% (down from 12% in 2Q 2023). The decrease in margin was primarily driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.9%. Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Electrical industry in Japan. 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 14% per year, which means it is significantly lagging earnings growth.공고 • Sep 28Ushio Inc. to Report Q3, 2024 Results on Feb 09, 2024Ushio Inc. announced that they will report Q3, 2024 results on Feb 09, 2024공고 • Sep 15Ushio Inc. to Report Q2, 2024 Results on Nov 06, 2023Ushio Inc. announced that they will report Q2, 2024 results on Nov 06, 2023Reported Earnings • Aug 08First quarter 2024 earnings: Revenues and EPS in line with analyst expectationsFirst quarter 2024 results: EPS: JP¥15.35 (down from JP¥32.17 in 1Q 2023). Revenue: JP¥39.3b (down 1.1% from 1Q 2023). Net income: JP¥1.79b (down 54% from 1Q 2023). Profit margin: 4.6% (down from 9.7% in 1Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Electrical industry in Japan. Over the last 3 years on average, earnings per share has increased by 53% 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 31Ushio Inc. to Report Q1, 2024 Results on Aug 07, 2023Ushio Inc. announced that they will report Q1, 2024 results on Aug 07, 2023Reported Earnings • May 13Full year 2023 earnings: EPS and revenues exceed analyst expectationsFull year 2023 results: EPS: JP¥116 (up from JP¥105 in FY 2022). Revenue: JP¥175.0b (up 18% from FY 2022). Net income: JP¥13.7b (up 8.7% from FY 2022). Profit margin: 7.8% (down from 8.5% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.8%. Earnings per share (EPS) also surpassed analyst estimates by 2.3%. Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Electrical industry in Japan. 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 22% per year, which means it is significantly lagging earnings growth.공고 • May 12+ 2 more updatesUshio Inc. Provides Consolidated Earnings Forecast for the Fiscal Year Ending March 31, 2024Ushio Inc. provided consolidated earnings forecast for the fiscal year ending March 31, 2024. For the full year, the company expected net sales to be JPY 188,000 million, Operating profit to be JPY 12,500 million, Profit attributable to owners of parent to be JPY 10,000 million and basic earnings per share to be JPY 90.58.Upcoming Dividend • Mar 23Upcoming dividend of JP¥50.00 per share at 3.1% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 41% but the company is paying out more than the cash it is generating. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.0%).Major Estimate Revision • Feb 10Consensus EPS estimates fall by 11%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from JP¥128 to JP¥114. Revenue forecast unchanged from JP¥170.4b at last update. Net income forecast to shrink 9.1% next year vs 5.3% growth forecast for Electrical industry in Japan . Consensus price target down from JP¥2,630 to JP¥2,200. Share price fell 9.1% to JP¥1,556 over the past week.Reported Earnings • Feb 04Third quarter 2023 earnings: EPS and revenues miss analyst expectationsThird quarter 2023 results: EPS: JP¥21.78 (down from JP¥30.53 in 3Q 2022). Revenue: JP¥40.4b (up 6.0% from 3Q 2022). Net income: JP¥2.57b (down 30% from 3Q 2022). Profit margin: 6.4% (down from 9.7% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) also missed analyst estimates by 24%. Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Electrical industry in Japan. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.공고 • Feb 04+ 1 more updateUshio Inc. Revises Consolidated Earnings Forecast for the Fiscal Year Ending March 31, 2023Ushio Inc. revised consolidated earnings forecast for the fiscal year ending March 31, 2023. For the full year, the company expected net sales to be JPY 170,000 million, Operating profit to be JPY 15,000 million, Profit attributable to owners of parent to be JPY 13,000 million and basic earnings per share to be JPY 109.78 as compared to net sales of JPY 170,000 million, Operating profit of JPY 17,000 million, Profit attributable to owners of parent of JPY 14,000 million and basic earnings per share of JPY 117.79 as previously forecasted.Reported Earnings • Nov 16Second quarter 2023 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2023 results: EPS: JP¥47.84 (up from JP¥25.94 in 2Q 2022). Revenue: JP¥48.2b (up 32% from 2Q 2022). Net income: JP¥5.65b (up 81% from 2Q 2022). Profit margin: 12% (up from 8.5% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 7.1%. Earnings per share (EPS) also surpassed analyst estimates by 35%. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Electrical industry in Japan. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.이익 및 매출 성장 예측TSE:6925 - 애널리스트 향후 추정치 및 과거 재무 데이터 (JPY Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수3/31/2029235,36718,467N/AN/A33/31/2028225,00015,3008,33020,83043/31/2027212,04011,176-11,1601,34053/31/2026179,2117,9958,69818,144N/A12/31/2025176,4645,086N/AN/AN/A9/30/2025173,3984,73310,98521,473N/A6/30/2025178,4333,673N/AN/AN/A3/31/2025177,6166,7974,84520,424N/A12/31/2024175,0097,841N/AN/AN/A9/30/2024180,0608,830-1,56614,964N/A6/30/2024177,6789,288N/AN/AN/A3/31/2024179,42010,785-1,0408,966N/A12/31/2023179,17310,312N/AN/AN/A9/30/2023172,0738,446-7,4671,483N/A6/30/2023174,57811,635N/AN/AN/A3/31/2023175,02513,699-7,244871N/A12/31/2022167,46914,497N/AN/AN/A9/30/2022165,18215,6122,3829,313N/A6/30/2022153,56813,086N/AN/AN/A3/31/2022148,82112,60615,43521,628N/A12/31/2021145,84110,547N/AN/AN/A9/30/2021138,1317,79014,11620,099N/A6/30/2021129,8533,746N/AN/AN/A3/31/2021118,558-6877,73014,517N/A12/31/2020121,377-901N/AN/AN/A9/30/2020129,0253,9713,05010,696N/A6/30/2020143,7886,659N/AN/AN/A3/31/2020159,0098,967-7,1071,179N/A12/31/2019162,80714,472N/AN/AN/A9/30/2019164,54010,843N/A1,723N/A6/30/2019164,09410,322N/AN/AN/A3/31/2019165,13811,326N/A8,853N/A12/31/2018166,0948,172N/AN/AN/A9/30/2018170,8886,213N/A10,611N/A6/30/2018171,7286,702N/AN/AN/A3/31/2018173,49711,001N/A15,567N/A12/31/2017177,6489,459N/AN/AN/A9/30/2017175,53213,487N/A14,180N/A6/30/2017174,57113,439N/AN/AN/A3/31/2017172,8407,042N/A12,624N/A12/31/2016169,5597,632N/AN/AN/A9/30/2016173,0257,490N/A14,538N/A6/30/2016177,9728,639N/AN/AN/A3/31/2016179,12111,105N/A12,031N/A12/31/2015179,11312,683N/AN/AN/A9/30/2015173,62012,253N/A12,556N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 6925 의 연간 예상 수익 증가율(26.9%)이 saving rate(0.8%)보다 높습니다.수익 vs 시장: 6925 의 연간 수익(26.9%)이 JP 시장(9.5%)보다 빠르게 성장할 것으로 예상됩니다.고성장 수익: 6925 의 수입은 향후 3년 동안 상당히 증가할 것으로 예상됩니다.수익 대 시장: 6925 의 수익(연간 8.9%)이 JP 시장(연간 6.1%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: 6925 의 수익(연간 8.9%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 6925의 자본 수익률은 3년 후 9.1%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YCapital-goods 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/08/02 14:00종가2026/07/31 00:00수익2026/03/31연간 수익2026/03/31데이터 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 모델의 세부 정보는 당사의 GitHub 페이지에서 확인하실 수 있습니다. 또한 보고서 사용 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 소스Ushio Inc.는 16명의 분석가가 다루고 있습니다. 이 중 5명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Takashi IwaiBofA Global ResearchHisanori ShimoiCitigroup IncNanako ImazuCLSA13명의 분석가 더 보기
Price Target Changed • Jul 23Price target increased by 9.7% to JP¥5,075Up from JP¥4,625, the current price target is an average from 4 analysts. New target price is 20% above last closing price of JP¥4,219. Stock is up 134% over the past year. The company is forecast to post earnings per share of JP¥135 for next year compared to JP¥94.88 last year.
Price Target Changed • Jun 10Price target increased by 13% to JP¥3,350Up from JP¥2,975, the current price target is an average from 4 analysts. New target price is 16% below last closing price of JP¥3,978. Stock is up 127% over the past year. The company is forecast to post earnings per share of JP¥134 for next year compared to JP¥94.88 last year.
Price Target Changed • Apr 07Price target increased by 17% to JP¥2,975Up from JP¥2,533, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of JP¥3,066. Stock is up 85% over the past year. The company is forecast to post earnings per share of JP¥99.38 for next year compared to JP¥70.27 last year.
Price Target Changed • Jan 06Price target increased by 14% to JP¥2,467Up from JP¥2,167, the current price target is an average from 3 analysts. New target price is 13% below last closing price of JP¥2,826. Stock is up 29% over the past year. The company is forecast to post earnings per share of JP¥86.57 for next year compared to JP¥70.27 last year.
공고 • Jun 26Ushio Inc. Provides Earnings Guidance for the First Quarter Ending June 30, 2025Ushio Inc. provided earnings guidance for the first quarter ending June 30, 2025. For the quarter, the company expects extraordinary loss. Due to the special lump-sum severance payment and outplacement expenses incurred as a result of Expansion of Second Life Support Program and Special Offering, it is expected that approximately JPY 2.1 billion of business restructuring expenses will be recorded in both consolidated and standalone financial statements. Certain overseas consolidated subsidiaries are reviewing their organizational management, including personnel reductions, to transform these entities from low-profit structures into business units that contribute to the overall group's profitability through fundamental improvements in their earnings structure. As related expenses such as severance costs, approximately JPY 1 billion in business restructuring expenses are expected to be recorded in the consolidated financial statements.
Major Estimate Revision • May 20Consensus EPS estimates fall by 23%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from JP¥180.6b to JP¥172.8b. EPS estimate also fell from JP¥109 per share to JP¥83.90 per share. Net income forecast to grow 11% next year vs 4.6% growth forecast for Electrical industry in Japan. Consensus price target down from JP¥2,108 to JP¥1,925. Share price fell 6.8% to JP¥1,709 over the past week.
Valuation Update With 7 Day Price Move • Jul 30Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to JP¥3,594, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 15x in the Electrical industry in Japan. Total returns to shareholders of 105% over the past three years.
Price Target Changed • Jul 23Price target increased by 9.7% to JP¥5,075Up from JP¥4,625, the current price target is an average from 4 analysts. New target price is 20% above last closing price of JP¥4,219. Stock is up 134% over the past year. The company is forecast to post earnings per share of JP¥135 for next year compared to JP¥94.88 last year.
New Risk • Jul 14New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 9.2% 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. This is currently the only risk that has been identified for the company.
Valuation Update With 7 Day Price Move • Jun 17Investor sentiment improves as stock rises 16%After last week's 16% share price gain to JP¥4,596, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 18x in the Electrical industry in Japan. Total returns to shareholders of 161% over the past three years.
Price Target Changed • Jun 10Price target increased by 13% to JP¥3,350Up from JP¥2,975, the current price target is an average from 4 analysts. New target price is 16% below last closing price of JP¥3,978. Stock is up 127% over the past year. The company is forecast to post earnings per share of JP¥134 for next year compared to JP¥94.88 last year.
분석 기사 • May 21Ushio (TSE:6925) Strong Profits May Be Masking Some Underlying IssuesThe market for Ushio Inc.'s ( TSE:6925 ) stock was strong after it released a healthy earnings report last week...
Reported Earnings • May 18Full year 2026 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2026 results: EPS: JP¥94.88 (up from JP¥70.27 in FY 2025). Revenue: JP¥179.2b (flat on FY 2025). Net income: JP¥8.00b (up 18% from FY 2025). Profit margin: 4.5% (up from 3.8% in FY 2025). Revenue exceeded analyst estimates by 3.3%. Earnings per share (EPS) missed analyst estimates by 4.5%. Revenue is forecast to grow 8.9% p.a. on average during the next 2 years, compared to a 6.8% growth forecast for the Electrical industry in Japan. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 30% per year, which means it is well ahead of earnings.
New Risk • May 15New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 8.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.1% average weekly change). Profit margins are more than 30% lower than last year (2.9% net profit margin).
Valuation Update With 7 Day Price Move • May 15Investor sentiment improves as stock rises 26%After last week's 26% share price gain to JP¥4,239, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 21x in the Electrical industry in Japan. Total returns to shareholders of 143% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,774 per share.
공고 • May 14Ushio Inc., Annual General Meeting, Jun 29, 2026Ushio Inc., Annual General Meeting, Jun 29, 2026.
공고 • May 10Ushio Inc. to Report Fiscal Year 2026 Results on May 14, 2026Ushio Inc. announced that they will report fiscal year 2026 results on May 14, 2026
공고 • Apr 20Ushio Industry & Entertainment Appoints Takuya Matsumoto as President & CEOUshio Industry & Entertainment announced the appointment of Takuya Matsumoto as President and Chief Executive Officer, marking a key milestone in the evolution of the business and its integration within the Ushio Group. With more than 20 years of experience across sales, new business development, and global operations, Takuya Matsumoto brings deep industry expertise and a strong leadership track record within Ushio. Most recently, he served as General Manager of the Global Business Unit, where he played a pivotal role in advancing global growth initiatives. Under Takuya Matsumoto’s leadership, Ushio INE will continue to build on its strong legacy while advancing its mission to deliver high-performance, high-quality lighting solutions across industrial and entertainment markets worldwide.
Price Target Changed • Apr 07Price target increased by 17% to JP¥2,975Up from JP¥2,533, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of JP¥3,066. Stock is up 85% over the past year. The company is forecast to post earnings per share of JP¥99.38 for next year compared to JP¥70.27 last year.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥70.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 30 June 2026. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.2%).
분석 기사 • Feb 09Ushio (TSE:6925) Has Announced A Dividend Of ¥70.00The board of Ushio Inc. ( TSE:6925 ) has announced that it will pay a dividend on the 30th of June, with investors...
공고 • Feb 09+ 2 more updatesUshio Inc. to Report Q2, 2027 Results on Nov 06, 2026Ushio Inc. announced that they will report Q2, 2027 results on Nov 06, 2026
Reported Earnings • Feb 07Third quarter 2026 earnings: EPS and revenues exceed analyst expectationsThird quarter 2026 results: EPS: JP¥46.00 (up from JP¥36.12 in 3Q 2025). Revenue: JP¥45.5b (up 7.2% from 3Q 2025). Net income: JP¥3.80b (up 10% from 3Q 2025). Profit margin: 8.3% (up from 8.1% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 7.5%. Earnings per share (EPS) also surpassed analyst estimates significantly. Revenue is forecast to grow 10.0% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Electrical industry in Japan. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings.
분석 기사 • Jan 08Ushio (TSE:6925) Will Pay A Dividend Of ¥70.00The board of Ushio Inc. ( TSE:6925 ) has announced that it will pay a dividend of ¥70.00 per share on the 30th of June...
Declared Dividend • Jan 08Dividend of JP¥70.00 announcedDividend of JP¥70.00 is the same as last year. Ex-date: 30th March 2026 Payment date: 30th June 2026 Dividend yield will be 2.5%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is not covered by earnings (133% earnings payout ratio). However, it is covered by cash flows (52% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 48% to bring the payout ratio under control. EPS is expected to grow by 167% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.
공고 • Jan 07Ushio Inc. announces Annual dividend, payable on June 30, 2026Ushio Inc. announced Annual dividend of JPY 70.0000 per share payable on June 30, 2026, ex-date on March 30, 2026 and record date on March 31, 2026.
분석 기사 • Jan 06Earnings Tell The Story For Ushio Inc. (TSE:6925)With a price-to-earnings (or "P/E") ratio of 48.9x Ushio Inc. ( TSE:6925 ) may be sending very bearish signals at the...
Price Target Changed • Jan 06Price target increased by 14% to JP¥2,467Up from JP¥2,167, the current price target is an average from 3 analysts. New target price is 13% below last closing price of JP¥2,826. Stock is up 29% over the past year. The company is forecast to post earnings per share of JP¥86.57 for next year compared to JP¥70.27 last year.
Reported Earnings • Nov 08Second quarter 2026 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2026 results: EPS: JP¥35.83 (up from JP¥20.28 in 2Q 2025). Revenue: JP¥43.1b (down 11% from 2Q 2025). Net income: JP¥3.07b (up 53% from 2Q 2025). Profit margin: 7.1% (up from 4.2% in 2Q 2025). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Electrical industry in Japan. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.
분석 기사 • Oct 28Calculating The Fair Value Of Ushio Inc. (TSE:6925)Key Insights Using the 2 Stage Free Cash Flow to Equity, Ushio fair value estimate is JP¥2,529 With JP¥2,554 share...
공고 • Sep 22Ushio Inc.(TSE:6925) dropped from FTSE All-World Index (USD)Ushio Inc.(TSE:6925) dropped from FTSE All-World Index (USD)
Buy Or Sell Opportunity • Aug 20Now 20% undervaluedOver the last 90 days, the stock has risen 21% to JP¥2,086. The fair value is estimated to be JP¥2,622, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.4% over the last 3 years. Earnings per share has declined by 23%. Revenue is forecast to grow by 3.4% in 2 years. Earnings are forecast to grow by 198% in the next 2 years.
Valuation Update With 7 Day Price Move • Aug 12Investor sentiment improves as stock rises 15%After last week's 15% share price gain to JP¥2,123, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 14x in the Electrical industry in Japan. Total returns to shareholders of 28% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,622 per share.
Reported Earnings • Aug 07First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2026 results: JP¥32.06 loss per share (down from JP¥2.92 profit in 1Q 2025). Revenue: JP¥38.4b (up 2.2% from 1Q 2025). Net loss: JP¥2.83b (down JP¥3.12b from profit in 1Q 2025). Revenue exceeded analyst estimates by 7.7%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Electrical industry in Japan. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.
공고 • Aug 05Ushio Inc. (TSE:6925) announces an Equity Buyback for 15,000,000 shares, representing 17.04% for ¥20,000 million.Ushio Inc. (TSE:6925) announces a share repurchase program. Under the program, the company will repurchase up to 15,000,000 shares, representing 17.04% of its issued share capital (excluding treasury stock), for a total purchase price of ¥20,000 million. The purpose of the program is to raise capital efficiency and enable the implementation of an agile capital policy. The program will be valid till April 30, 2026. As of July 31, 2025, the company had 88,046,737 issued shares (excluding treasury stock) and 4,453,263 treasury shares.
분석 기사 • Jul 29Ushio Inc. (TSE:6925) Shares Could Be 24% Below Their Intrinsic Value EstimateKey Insights Using the 2 Stage Free Cash Flow to Equity, Ushio fair value estimate is JP¥2,437 Ushio's JP¥1,846 share...
분석 기사 • Jul 03We Think That There Are More Issues For Ushio (TSE:6925) Than Just Sluggish EarningsA lackluster earnings announcement from Ushio Inc. ( TSE:6925 ) last week didn't sink the stock price. Our analysis...
공고 • Jun 26Ushio Inc. Provides Earnings Guidance for the First Quarter Ending June 30, 2025Ushio Inc. provided earnings guidance for the first quarter ending June 30, 2025. For the quarter, the company expects extraordinary loss. Due to the special lump-sum severance payment and outplacement expenses incurred as a result of Expansion of Second Life Support Program and Special Offering, it is expected that approximately JPY 2.1 billion of business restructuring expenses will be recorded in both consolidated and standalone financial statements. Certain overseas consolidated subsidiaries are reviewing their organizational management, including personnel reductions, to transform these entities from low-profit structures into business units that contribute to the overall group's profitability through fundamental improvements in their earnings structure. As related expenses such as severance costs, approximately JPY 1 billion in business restructuring expenses are expected to be recorded in the consolidated financial statements.
New Risk • May 21New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 100% Cash payout ratio: 127% Dividend yield: 4.1% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough 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. 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: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 100% Cash payout ratio: 127% Minor Risk Profit margins are more than 30% lower than last year (3.8% net profit margin).
Major Estimate Revision • May 20Consensus EPS estimates fall by 23%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from JP¥180.6b to JP¥172.8b. EPS estimate also fell from JP¥109 per share to JP¥83.90 per share. Net income forecast to grow 11% next year vs 4.6% growth forecast for Electrical industry in Japan. Consensus price target down from JP¥2,108 to JP¥1,925. Share price fell 6.8% to JP¥1,709 over the past week.
분석 기사 • May 16Earnings Release: Here's Why Analysts Cut Their Ushio Inc. (TSE:6925) Price Target To JP¥1,925Ushio Inc. ( TSE:6925 ) shareholders are probably feeling a little disappointed, since its shares fell 3.9% to JP¥1,704...
Reported Earnings • May 15Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: JP¥70.27 (down from JP¥97.22 in FY 2024). Revenue: JP¥177.6b (down 1.0% from FY 2024). Net income: JP¥6.80b (down 37% from FY 2024). Profit margin: 3.8% (down from 6.0% in FY 2024). The decrease in margin was primarily driven by higher expenses. Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 1.4%. Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Electrical industry in Japan. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.
New Risk • May 15New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.8% Last year net profit margin: 6.0% 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 (3.8% net profit margin).
공고 • May 13Ushio Inc., Annual General Meeting, Jun 27, 2025Ushio Inc., Annual General Meeting, Jun 27, 2025.
Valuation Update With 7 Day Price Move • Apr 09Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to JP¥1,560, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 10x in the Electrical industry in Japan. Total returns to shareholders of 5.5% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥706 per share.
분석 기사 • Mar 28Is Ushio (TSE:6925) Using Too Much Debt?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Upcoming Dividend • Mar 21Upcoming dividend of JP¥70.00 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 28 June 2025. Payout ratio is a comfortable 64% but the company is not cash flow positive. Trailing yield: 3.4%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.9%).
분석 기사 • Feb 11Ushio Inc. Just Beat EPS By 315%: Here's What Analysts Think Will Happen NextAs you might know, Ushio Inc. ( TSE:6925 ) recently reported its quarterly numbers. It looks to have been a decent...
Reported Earnings • Feb 08Third quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2025 results: EPS: JP¥36.12 (down from JP¥40.81 in 3Q 2024). Revenue: JP¥42.5b (down 11% from 3Q 2024). Net income: JP¥3.44b (down 22% from 3Q 2024). Profit margin: 8.1% (down from 9.3% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 7.3%. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Electrical industry in Japan. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.
분석 기사 • Feb 08Ushio (TSE:6925) Is Increasing Its Dividend To ¥70.00Ushio Inc. ( TSE:6925 ) will increase its dividend from last year's comparable payment on the 28th of June to ¥70.00...
공고 • Feb 07+ 3 more updatesUshio Inc. to Report Q2, 2026 Results on Nov 06, 2025Ushio Inc. announced that they will report Q2, 2026 results on Nov 06, 2025
분석 기사 • Jan 20Ushio's (TSE:6925) Upcoming Dividend Will Be Larger Than Last Year'sUshio Inc.'s ( TSE:6925 ) dividend will be increasing from last year's payment of the same period to ¥70.00 on 28th of...
분석 기사 • Jan 06Ushio's (TSE:6925) Dividend Will Be Increased To ¥70.00Ushio Inc. ( TSE:6925 ) has announced that it will be increasing its dividend from last year's comparable payment on...
Declared Dividend • Jan 06Dividend of JP¥70.00 announcedShareholders will receive a dividend of JP¥70.00. Ex-date: 28th March 2025 Payment date: 28th June 2025 Dividend yield will be 3.3%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is covered by earnings (59% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 104% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
분석 기사 • Nov 27We Think Ushio's (TSE:6925) Healthy Earnings Might Be ConservativeUshio Inc.'s ( TSE:6925 ) solid earnings announcement recently didn't do much to the stock price. We did some analysis...
분석 기사 • Nov 08Ushio Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their PredictionsA week ago, Ushio Inc. ( TSE:6925 ) came out with a strong set of half-yearly numbers that could potentially lead to a...
Reported Earnings • Nov 08Second quarter 2025 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2025 results: EPS: JP¥20.28 (down from JP¥21.64 in 2Q 2024). Revenue: JP¥48.1b (up 5.2% from 2Q 2024). Net income: JP¥2.01b (down 19% from 2Q 2024). Profit margin: 4.2% (down from 5.4% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 6.6%. Earnings per share (EPS) also surpassed analyst estimates by 93%. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Electrical industry in Japan. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 1% per year.
Major Estimate Revision • Nov 07Consensus EPS estimates increase by 26%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from JP¥49.63 to JP¥62.48. Revenue forecast steady at JP¥175.9b. Net income forecast to shrink 19% next year vs 5.7% growth forecast for Electrical industry in Japan . Consensus price target up from JP¥1,950 to JP¥2,117. Share price was steady at JP¥2,141 over the past week.
분석 기사 • Oct 22Risks To Shareholder Returns Are Elevated At These Prices For Ushio Inc. (TSE:6925)With a price-to-earnings (or "P/E") ratio of 21.5x Ushio Inc. ( TSE:6925 ) may be sending very bearish signals at the...
분석 기사 • Oct 01Is There Now An Opportunity In Ushio Inc. (TSE:6925)?Ushio Inc. ( TSE:6925 ), might not be a large cap stock, but it saw a double-digit share price rise of over 10% in the...
Reported Earnings • Aug 06First quarter 2025 earnings: EPS and revenues miss analyst expectationsFirst quarter 2025 results: EPS: JP¥2.92 (down from JP¥15.35 in 1Q 2024). Revenue: JP¥37.5b (down 4.4% from 1Q 2024). Net income: JP¥297.0m (down 83% from 1Q 2024). Profit margin: 0.8% (down from 4.6% in 1Q 2024). Revenue missed analyst estimates by 5.9%. Earnings per share (EPS) also missed analyst estimates by 81%. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Electrical industry in Japan. 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 1% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to JP¥1,801, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 12x in the Electrical industry in Japan. Negligible returns to shareholders over past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,016 per share.
분석 기사 • Jul 25Returns On Capital Are Showing Encouraging Signs At Ushio (TSE:6925)If you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'd want to identify a...
Reported Earnings • May 18Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: JP¥97.22 (down from JP¥116 in FY 2023). Revenue: JP¥179.4b (up 2.5% from FY 2023). Net income: JP¥10.8b (down 21% from FY 2023). Profit margin: 6.0% (down from 7.8% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.6%. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Electrical 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 only increased by 9% per year, which means it is significantly lagging earnings growth.
Major Estimate Revision • May 17Consensus EPS estimates fall by 15%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from JP¥183.5b to JP¥177.2b. EPS estimate also fell from JP¥95.45 per share to JP¥81.52 per share. Net income forecast to shrink 1.1% next year vs 0.8% growth forecast for Electrical industry in Japan . Consensus price target down from JP¥2,025 to JP¥1,950. Share price fell 4.3% to JP¥1,996 over the past week.
공고 • May 16+ 3 more updatesUshio Inc., Annual General Meeting, Jun 27, 2024Ushio Inc., Annual General Meeting, Jun 27, 2024.
공고 • May 15Ushio Inc. (TSE:6925) announces an Equity Buyback for 20,000,000 shares, representing 19.53% for ¥30,000 million.Ushio Inc. (TSE:6925) announces a share repurchase program. Under the program, the company will repurchase up to 20,000,000 shares, representing 17% of its issued share capital (excluding treasury stock), for a total purchase price of ¥30,000 million. The purpose of the program is to enable improvement of capital efficiency and agile execution of capital policy. The program will be valid till April 30, 2025. As of April 30, 2024, the company had 102,428,003 issued shares (excluding treasury stock) and 5,071,997 treasury shares.
분석 기사 • Apr 26Is Ushio (TSE:6925) Using Too Much Debt?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
분석 기사 • Mar 25Ushio (TSE:6925) Is Due To Pay A Dividend Of ¥50.00Ushio Inc. ( TSE:6925 ) will pay a dividend of ¥50.00 on the 1st of July. The dividend yield will be 2.5% based on this...
Upcoming Dividend • Mar 21Upcoming dividend of JP¥50.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 55% but the company is not cash flow positive. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.8%).
분석 기사 • Mar 12A Look At The Fair Value Of Ushio Inc. (TSE:6925)Key Insights Ushio's estimated fair value is JP¥2,012 based on 2 Stage Free Cash Flow to Equity Current share price of...
Reported Earnings • Feb 10Third quarter 2024 earnings: EPS and revenues exceed analyst expectationsThird quarter 2024 results: EPS: JP¥40.81 (up from JP¥21.78 in 3Q 2023). Revenue: JP¥47.5b (up 18% from 3Q 2023). Net income: JP¥4.43b (up 73% from 3Q 2023). Profit margin: 9.3% (up from 6.4% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) also surpassed analyst estimates by 61%. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Electrical industry in Japan. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.
공고 • Feb 09+ 1 more updateUshio Inc. Revises Consolidated Earnings Guidance for the Full Year Ending March 31, 2024Ushio Inc. revised consolidated earnings guidance for the full year ending March 31, 2024. For the year, the company now expects net sales of ¥178,000 million against previous guidance of ¥188,000 million; Operating profit is now expected to be ¥12,500 million against previous guidance of ¥12,500 million; Profit attributable to owners of parent is now expected to be ¥10,000 million against previous guidance of ¥10,000 million. Basic earnings per share is now expected to be ¥90.58 against previous guidance of ¥90.58.
공고 • Jan 11Ushio Inc. Approves Chief Executive Officer Changes, Effective April 1, 2024USHIO INC. announced that, at the board of directors meeting held on January 10, 2024, approved change the new management structure: Takabumi Asahi, Director, Managing Executive Officer, Chief Financial Officer as Chief Executive Officer; Koji Naito, Chief Executive Officer as Director, Senior Adviser. Scheduled Date for the Change April 1, 2024. Career History of the Takabumi Asahi: Date of Birth August 28,1964 (59 years old); Education Mar. 1987 Bachelor of Engineering, Synthetic Chemistry, Chiba University; Career: Apr. 1987 Oki Electric Industry Co. Ltd.; Apr. 1998 GM, Oki Semiconductor Taiwan Branch; Apr. 1999 President, Oki Taiwan Inc.; Apr. 2004 GM, North America, Sales and Marketing Dept. Silicon Solutions Company, Oki Electric Industry Co. Ltd.; Apr. 2007 President and CEO, Oki Semiconductor Americas Company; Oct. 2008 President and CEO, Oki Electric Americas Inc.; Aug. 2009 President and CEO, Oki Data Americas Inc.; Oct. 2015 GM, Overseas Sales and Marketing Center, Marketing Dept. Oki Data Inc.; Oct. 2015 Deputy GM, Marketing Dept. Oki Data Inc.; Apr. 2017 Joined Ushio Inc. Deputy General Manager, Corporate Headquarters; Apr. 2018 Executive Officer Deputy General Manager, Corporate Headquarters and General Manager, Corporate Strategy Division, Corporate Headquarters; Apr. 2019 Senior Executive Officer General Manager, Corporate Headquarters (incumbent); Apr. 2022 Director, Managing Executive Officer and Chief Financial Officer (incumbent).
Reported Earnings • Nov 07Second quarter 2024 earnings: EPS exceeds analyst expectationsSecond quarter 2024 results: EPS: JP¥21.64 (down from JP¥47.84 in 2Q 2023). Revenue: JP¥45.7b (down 5.2% from 2Q 2023). Net income: JP¥2.47b (down 56% from 2Q 2023). Profit margin: 5.4% (down from 12% in 2Q 2023). The decrease in margin was primarily driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.9%. Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Electrical industry in Japan. 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 14% per year, which means it is significantly lagging earnings growth.
공고 • Sep 28Ushio Inc. to Report Q3, 2024 Results on Feb 09, 2024Ushio Inc. announced that they will report Q3, 2024 results on Feb 09, 2024
공고 • Sep 15Ushio Inc. to Report Q2, 2024 Results on Nov 06, 2023Ushio Inc. announced that they will report Q2, 2024 results on Nov 06, 2023
Reported Earnings • Aug 08First quarter 2024 earnings: Revenues and EPS in line with analyst expectationsFirst quarter 2024 results: EPS: JP¥15.35 (down from JP¥32.17 in 1Q 2023). Revenue: JP¥39.3b (down 1.1% from 1Q 2023). Net income: JP¥1.79b (down 54% from 1Q 2023). Profit margin: 4.6% (down from 9.7% in 1Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Electrical industry in Japan. Over the last 3 years on average, earnings per share has increased by 53% 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 31Ushio Inc. to Report Q1, 2024 Results on Aug 07, 2023Ushio Inc. announced that they will report Q1, 2024 results on Aug 07, 2023
Reported Earnings • May 13Full year 2023 earnings: EPS and revenues exceed analyst expectationsFull year 2023 results: EPS: JP¥116 (up from JP¥105 in FY 2022). Revenue: JP¥175.0b (up 18% from FY 2022). Net income: JP¥13.7b (up 8.7% from FY 2022). Profit margin: 7.8% (down from 8.5% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.8%. Earnings per share (EPS) also surpassed analyst estimates by 2.3%. Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Electrical industry in Japan. 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 22% per year, which means it is significantly lagging earnings growth.
공고 • May 12+ 2 more updatesUshio Inc. Provides Consolidated Earnings Forecast for the Fiscal Year Ending March 31, 2024Ushio Inc. provided consolidated earnings forecast for the fiscal year ending March 31, 2024. For the full year, the company expected net sales to be JPY 188,000 million, Operating profit to be JPY 12,500 million, Profit attributable to owners of parent to be JPY 10,000 million and basic earnings per share to be JPY 90.58.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥50.00 per share at 3.1% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 41% but the company is paying out more than the cash it is generating. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.0%).
Major Estimate Revision • Feb 10Consensus EPS estimates fall by 11%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from JP¥128 to JP¥114. Revenue forecast unchanged from JP¥170.4b at last update. Net income forecast to shrink 9.1% next year vs 5.3% growth forecast for Electrical industry in Japan . Consensus price target down from JP¥2,630 to JP¥2,200. Share price fell 9.1% to JP¥1,556 over the past week.
Reported Earnings • Feb 04Third quarter 2023 earnings: EPS and revenues miss analyst expectationsThird quarter 2023 results: EPS: JP¥21.78 (down from JP¥30.53 in 3Q 2022). Revenue: JP¥40.4b (up 6.0% from 3Q 2022). Net income: JP¥2.57b (down 30% from 3Q 2022). Profit margin: 6.4% (down from 9.7% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) also missed analyst estimates by 24%. Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Electrical industry in Japan. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
공고 • Feb 04+ 1 more updateUshio Inc. Revises Consolidated Earnings Forecast for the Fiscal Year Ending March 31, 2023Ushio Inc. revised consolidated earnings forecast for the fiscal year ending March 31, 2023. For the full year, the company expected net sales to be JPY 170,000 million, Operating profit to be JPY 15,000 million, Profit attributable to owners of parent to be JPY 13,000 million and basic earnings per share to be JPY 109.78 as compared to net sales of JPY 170,000 million, Operating profit of JPY 17,000 million, Profit attributable to owners of parent of JPY 14,000 million and basic earnings per share of JPY 117.79 as previously forecasted.
Reported Earnings • Nov 16Second quarter 2023 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2023 results: EPS: JP¥47.84 (up from JP¥25.94 in 2Q 2022). Revenue: JP¥48.2b (up 32% from 2Q 2022). Net income: JP¥5.65b (up 81% from 2Q 2022). Profit margin: 12% (up from 8.5% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 7.1%. Earnings per share (EPS) also surpassed analyst estimates by 35%. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Electrical industry in Japan. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.