View Future GrowthAltech 과거 순이익 실적과거 기준 점검 0/6Altech 의 수입은 연평균 -71.9%의 비율로 감소해 온 반면, Trade Distributors 산업은 연평균 9.9%의 비율로 증가했습니다. 매출은 연평균 4.9%의 비율로 증가해 왔습니다.핵심 정보-71.85%순이익 성장률-71.60%주당순이익(EPS) 성장률Trade Distributors 산업 성장률8.47%매출 성장률4.91%자기자본이익률-18.66%순이익률-13.63%최근 순이익 업데이트31 May 2026최근 과거 실적 업데이트Reported Earnings • 13hSecond quarter 2026 earnings released: EPS: JP¥23.17 (vs JP¥1.09 in 2Q 2025)Second quarter 2026 results: EPS: JP¥23.17 (up from JP¥1.09 in 2Q 2025). Revenue: JP¥4.33b (up 33% from 2Q 2025). Net income: JP¥319.0m (up JP¥304.0m from 2Q 2025). Profit margin: 7.4% (up from 0.5% in 2Q 2025). 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.공시 • Apr 02Altech Co., Ltd. to Report Q1, 2026 Results on Apr 09, 2026Altech Co., Ltd. announced that they will report Q1, 2026 results on Apr 09, 2026Reported Earnings • Jan 15Full year 2025 earnings released: JP¥188 loss per share (vs JP¥7.12 loss in FY 2024)Full year 2025 results: JP¥188 loss per share (further deteriorated from JP¥7.12 loss in FY 2024). Revenue: JP¥17.6b (down 3.7% from FY 2024). Net loss: JP¥2.59b (loss widened JP¥2.50b from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance.공시 • Nov 01Altech Co., Ltd. to Report Fiscal Year 2025 Results on Jan 14, 2026Altech Co., Ltd. announced that they will report fiscal year 2025 results on Jan 14, 2026Reported Earnings • Oct 10Third quarter 2025 earnings released: EPS: JP¥4.50 (vs JP¥36.38 in 3Q 2024)Third quarter 2025 results: EPS: JP¥4.50 (down from JP¥36.38 in 3Q 2024). Revenue: JP¥4.19b (down 10% from 3Q 2024). Net income: JP¥62.0m (down 88% from 3Q 2024). Profit margin: 1.5% (down from 11% in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has remained flat, which means it is well ahead of earnings.공시 • Jul 26Altech Co., Ltd. to Report Q3, 2025 Results on Oct 09, 2025Altech Co., Ltd. announced that they will report Q3, 2025 results on Oct 09, 2025모든 업데이트 보기Recent updatesReported Earnings • 13hSecond quarter 2026 earnings released: EPS: JP¥23.17 (vs JP¥1.09 in 2Q 2025)Second quarter 2026 results: EPS: JP¥23.17 (up from JP¥1.09 in 2Q 2025). Revenue: JP¥4.33b (up 33% from 2Q 2025). Net income: JP¥319.0m (up JP¥304.0m from 2Q 2025). Profit margin: 7.4% (up from 0.5% in 2Q 2025). 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.공시 • Apr 02Altech Co., Ltd. to Report Q1, 2026 Results on Apr 09, 2026Altech Co., Ltd. announced that they will report Q1, 2026 results on Apr 09, 2026Reported Earnings • Jan 15Full year 2025 earnings released: JP¥188 loss per share (vs JP¥7.12 loss in FY 2024)Full year 2025 results: JP¥188 loss per share (further deteriorated from JP¥7.12 loss in FY 2024). Revenue: JP¥17.6b (down 3.7% from FY 2024). Net loss: JP¥2.59b (loss widened JP¥2.50b from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance.공시 • Jan 14Altech Co., Ltd., Annual General Meeting, Feb 26, 2026Altech Co., Ltd., Annual General Meeting, Feb 26, 2026.Upcoming Dividend • Nov 20Upcoming dividend of JP¥7.00 per shareEligible shareholders must have bought the stock before 27 November 2025. Payment date: 02 March 2026. The company is not currently making a profit and its cash payout ratio is 81%. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (2.4%).공시 • Nov 01Altech Co., Ltd. to Report Fiscal Year 2025 Results on Jan 14, 2026Altech Co., Ltd. announced that they will report fiscal year 2025 results on Jan 14, 2026Reported Earnings • Oct 10Third quarter 2025 earnings released: EPS: JP¥4.50 (vs JP¥36.38 in 3Q 2024)Third quarter 2025 results: EPS: JP¥4.50 (down from JP¥36.38 in 3Q 2024). Revenue: JP¥4.19b (down 10% from 3Q 2024). Net income: JP¥62.0m (down 88% from 3Q 2024). Profit margin: 1.5% (down from 11% in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has remained flat, which means it is well ahead of earnings.분석 기사 • Sep 26Altech Co., Ltd.'s (TSE:9972) Price In Tune With RevenuesIt's not a stretch to say that Altech Co., Ltd.'s ( TSE:9972 ) price-to-sales (or "P/S") ratio of 0.2x right now seems...공시 • Jul 26Altech Co., Ltd. to Report Q3, 2025 Results on Oct 09, 2025Altech Co., Ltd. announced that they will report Q3, 2025 results on Oct 09, 2025Reported Earnings • Jul 05Second quarter 2025 earnings released: EPS: JP¥1.09 (vs JP¥2.11 loss in 2Q 2024)Second quarter 2025 results: EPS: JP¥1.09 (up from JP¥2.11 loss in 2Q 2024). Revenue: JP¥3.25b (down 37% from 2Q 2024). Net income: JP¥15.0m (up JP¥44.0m from 2Q 2024). Profit margin: 0.5% (up from net loss in 2Q 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance.공시 • Apr 29Altech Co., Ltd. to Report Q2, 2025 Results on Jul 04, 2025Altech Co., Ltd. announced that they will report Q2, 2025 results on Jul 04, 2025Reported Earnings • Apr 11First quarter 2025 earnings released: EPS: JP¥2.69 (vs JP¥3.05 loss in 1Q 2024)First quarter 2025 results: EPS: JP¥2.69 (up from JP¥3.05 loss in 1Q 2024). Revenue: JP¥4.87b (up 20% from 1Q 2024). Net income: JP¥37.0m (up JP¥79.0m from 1Q 2024). Profit margin: 0.8% (up from net loss in 1Q 2024). 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 83 percentage points per year, which is a significant difference in performance.분석 기사 • Mar 11Even With A 35% Surge, Cautious Investors Are Not Rewarding Altech Co., Ltd.'s (TSE:9972) Performance CompletelyAltech Co., Ltd. ( TSE:9972 ) shares have had a really impressive month, gaining 35% after a shaky period beforehand...New Risk • Mar 11New 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 6.1% 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: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 55% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.1% average weekly change). Market cap is less than US$100m (JP¥3.64b market cap, or US$24.6m).Reported Earnings • Mar 04Full year 2024 earnings released: JP¥7.12 loss per share (vs JP¥74.59 loss in FY 2023)Full year 2024 results: JP¥7.12 loss per share (improved from JP¥74.59 loss in FY 2023). Revenue: JP¥18.2b (up 2.2% from FY 2023). Net loss: JP¥98.0m (loss narrowed 90% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance.공시 • Feb 03Altech Co., Ltd. to Report Q1, 2025 Results on Apr 10, 2025Altech Co., Ltd. announced that they will report Q1, 2025 results on Apr 10, 2025Reported Earnings • Jan 15Full year 2024 earnings released: JP¥7.12 loss per share (vs JP¥74.59 loss in FY 2023)Full year 2024 results: JP¥7.12 loss per share (improved from JP¥74.59 loss in FY 2023). Revenue: JP¥18.2b (up 2.2% from FY 2023). Net loss: JP¥98.0m (loss narrowed 90% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance.공시 • Jan 14Altech Co., Ltd., Annual General Meeting, Feb 27, 2025Altech Co., Ltd., Annual General Meeting, Feb 27, 2025.Upcoming Dividend • Nov 21Upcoming dividend of JP¥7.00 per shareEligible shareholders must have bought the stock before 28 November 2024. Payment date: 28 February 2025. The company is not currently making a profit and is not cash flow positive. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.8%). In line with average of industry peers (3.3%).Reported Earnings • Oct 16Third quarter 2024 earnings released: EPS: JP¥36.38 (vs JP¥3.56 in 3Q 2023)Third quarter 2024 results: EPS: JP¥36.38 (up from JP¥3.56 in 3Q 2023). Revenue: JP¥4.65b (down 9.7% from 3Q 2023). Net income: JP¥501.0m (up JP¥452.0m from 3Q 2023). Profit margin: 11% (up from 1.0% in 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance.분석 기사 • Aug 06Altech Co., Ltd. (TSE:9972) Stock's 34% Dive Might Signal An Opportunity But It Requires Some ScrutinyAltech Co., Ltd. ( TSE:9972 ) shareholders that were waiting for something to happen have been dealt a blow with a 34...New Risk • Aug 05New 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 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 48% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Market cap is less than US$100m (JP¥2.64b market cap, or US$18.6m).공시 • Jul 27Altech Co., Ltd. to Report Q3, 2024 Results on Oct 10, 2024Altech Co., Ltd. announced that they will report Q3, 2024 results on Oct 10, 2024Reported Earnings • Jul 08Second quarter 2024 earnings released: JP¥2.11 loss per share (vs JP¥2.69 loss in 2Q 2023)Second quarter 2024 results: JP¥2.11 loss per share (improved from JP¥2.69 loss in 2Q 2023). Revenue: JP¥5.17b (up 31% from 2Q 2023). Net loss: JP¥29.0m (loss narrowed 22% from 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 106 percentage points per year, which is a significant difference in performance.Board Change • Jun 05Less 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, 2 were independent directors. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Outside Director Keiko Nakano was the last independent director to join the board, commencing their role in 2023. 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 29Altech Co., Ltd. to Report Q2, 2024 Results on Jul 05, 2024Altech Co., Ltd. announced that they will report Q2, 2024 results on Jul 05, 2024Reported Earnings • Apr 12First quarter 2024 earnings released: JP¥3.05 loss per share (vs JP¥6.27 loss in 1Q 2023)First quarter 2024 results: JP¥3.05 loss per share (improved from JP¥6.27 loss in 1Q 2023). Revenue: JP¥4.06b (up 11% from 1Q 2023). Net loss: JP¥42.0m (loss narrowed 51% from 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance.분석 기사 • Mar 12Fewer Investors Than Expected Jumping On Altech Co., Ltd. (TSE:9972)There wouldn't be many who think Altech Co., Ltd.'s ( TSE:9972 ) price-to-sales (or "P/S") ratio of 0.2x is worth a...공시 • Jan 28Altech Co., Ltd. to Report Q1, 2024 Results on Apr 05, 2024Altech Co., Ltd. announced that they will report Q1, 2024 results on Apr 05, 2024공시 • Jan 17Altech Co., Ltd., Annual General Meeting, Feb 28, 2024Altech Co., Ltd., Annual General Meeting, Feb 28, 2024.Reported Earnings • Jan 16Full year 2023 earnings released: JP¥74.59 loss per share (vs JP¥28.16 profit in FY 2022)Full year 2023 results: JP¥74.59 loss per share (down from JP¥28.16 profit in FY 2022). Revenue: JP¥17.8b (up 9.3% from FY 2022). Net loss: JP¥1.03b (down 355% from profit in FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance.Upcoming Dividend • Nov 22Upcoming dividend of JP¥7.00 per share at 3.0% yieldEligible shareholders must have bought the stock before 29 November 2023. Payment date: 28 February 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.4%). In line with average of industry peers (2.9%).공시 • Nov 01Altech Co., Ltd. to Report Fiscal Year 2023 Results on Jan 15, 2024Altech Co., Ltd. announced that they will report fiscal year 2023 results on Jan 15, 2024Reported Earnings • Oct 06Third quarter 2023 earnings released: EPS: JP¥3.56 (vs JP¥7.50 in 3Q 2022)Third quarter 2023 results: EPS: JP¥3.56 (down from JP¥7.50 in 3Q 2022). Revenue: JP¥5.16b (up 39% from 3Q 2022). Net income: JP¥49.0m (down 54% from 3Q 2022). Profit margin: 1.0% (down from 2.9% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.공시 • Jul 30Altech Co., Ltd. to Report Q3, 2023 Results on Oct 05, 2023Altech Co., Ltd. announced that they will report Q3, 2023 results on Oct 05, 2023New Risk • Jul 01New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.5% 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 Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 11% per year over the past 5 years. Minor Risk Market cap is less than US$100m (JP¥3.77b market cap, or US$26.2m).Reported Earnings • Jul 01Second quarter 2023 earnings released: JP¥2.69 loss per share (vs JP¥18.51 profit in 2Q 2022)Second quarter 2023 results: JP¥2.69 loss per share (down from JP¥18.51 profit in 2Q 2022). Revenue: JP¥3.96b (down 18% from 2Q 2022). Net loss: JP¥37.0m (down 114% from profit in 2Q 2022). 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 6% per year, which means it is well ahead of earnings.Reported Earnings • Mar 04Full year 2022 earnings released: EPS: JP¥28.16 (vs JP¥35.96 in FY 2021)Full year 2022 results: EPS: JP¥28.16 (down from JP¥35.96 in FY 2021). Revenue: JP¥16.3b (up 18% from FY 2021). Net income: JP¥402.0m (down 26% from FY 2021). Profit margin: 2.5% (down from 3.9% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Feb 21Investor sentiment improves as stock rises 19%After last week's 19% share price gain to JP¥316, the stock trades at a trailing P/E ratio of 10.8x. Average trailing P/E is 9x in the Trade Distributors industry in Japan. Total returns to shareholders of 45% over the past three years.공시 • Jan 29Altech Co., Ltd. to Report Q1, 2023 Results on Mar 30, 2023Altech Co., Ltd. announced that they will report Q1, 2023 results on Mar 30, 2023공시 • Jan 15Altech Co., Ltd., Annual General Meeting, Feb 27, 2023Altech Co., Ltd., Annual General Meeting, Feb 27, 2023.Reported Earnings • Jan 14Full year 2022 earnings released: EPS: JP¥31.73 (vs JP¥35.96 in FY 2021)Full year 2022 results: EPS: JP¥31.73 (down from JP¥35.96 in FY 2021). Revenue: JP¥16.3b (up 18% from FY 2021). Net income: JP¥453.0m (down 16% from FY 2021). Profit margin: 2.8% (down from 3.9% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 7% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Nov 22Upcoming dividend of JP¥9.00 per shareEligible shareholders must have bought the stock before 29 November 2022. Payment date: 28 February 2023. Payout ratio is a comfortable 8.1% but the company is not cash flow positive. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (3.6%).Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 6 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Outside Director Mitsunari Nakao was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.공시 • Nov 01Altech Co., Ltd. to Report Fiscal Year 2022 Results on Jan 13, 2023Altech Co., Ltd. announced that they will report fiscal year 2022 results on Jan 13, 2023Reported Earnings • Oct 06Third quarter 2022 earnings released: EPS: JP¥7.50 (vs JP¥7.81 in 3Q 2021)Third quarter 2022 results: EPS: JP¥7.50 (down from JP¥7.81 in 3Q 2021). Revenue: JP¥3.71b (up 9.6% from 3Q 2021). Net income: JP¥106.0m (down 9.4% from 3Q 2021). Profit margin: 2.9% (down from 3.5% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 9% per year.공시 • Aug 03Altech Co., Ltd. to Report Q3, 2022 Results on Oct 05, 2022Altech Co., Ltd. announced that they will report Q3, 2022 results on Oct 05, 2022Reported Earnings • Jul 02Second quarter 2022 earnings released: EPS: JP¥18.51 (vs JP¥11.62 in 2Q 2021)Second quarter 2022 results: EPS: JP¥18.51 (up from JP¥11.62 in 2Q 2021). Revenue: JP¥4.81b (up 41% from 2Q 2021). Net income: JP¥269.0m (up 53% from 2Q 2021). Profit margin: 5.6% (up from 5.1% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 9% per year.Valuation Update With 7 Day Price Move • Jul 01Investor sentiment improved over the past weekAfter last week's 18% share price gain to JP¥280, the stock trades at a trailing P/E ratio of 8.8x. Average trailing P/E is 8x in the Trade Distributors industry in Japan. Total returns to shareholders of 33% over the past three years.공시 • May 02Altech Co., Ltd. to Report Q2, 2022 Results on Jun 30, 2022Altech Co., Ltd. announced that they will report Q2, 2022 results on Jun 30, 2022Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 6 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Outside Director Mitsunari Nakao was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Apr 01First quarter 2022 earnings released: EPS: JP¥1.63 (vs JP¥7.06 in 1Q 2021)First quarter 2022 results: EPS: JP¥1.63 (down from JP¥7.06 in 1Q 2021). Revenue: JP¥3.12b (up 10% from 1Q 2021). Net income: JP¥24.0m (down 78% from 1Q 2021). Profit margin: 0.8% (down from 3.8% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.Reported Earnings • Mar 03Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: JP¥35.96 (down from JP¥37.54 in FY 2020). Revenue: JP¥13.9b (up 7.1% from FY 2020). Net income: JP¥542.0m (down 8.9% from FY 2020). Profit margin: 3.9% (down from 4.6% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.공시 • Jan 30Altech Co., Ltd. to Report Q1, 2022 Results on Mar 30, 2022Altech Co., Ltd. announced that they will report Q1, 2022 results on Mar 30, 2022Reported Earnings • Jan 16Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: JP¥35.96 (down from JP¥37.54 in FY 2020). Revenue: JP¥13.9b (up 7.1% from FY 2020). Net income: JP¥542.0m (down 8.9% from FY 2020). Profit margin: 3.9% (down from 4.6% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Nov 22Upcoming dividend of JP¥3.00 per shareEligible shareholders must have bought the stock before 29 November 2021. Payment date: 26 February 2022. Trailing yield: 1.0%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (3.7%).Reported Earnings • Oct 06Third quarter 2021 earnings released: EPS JP¥7.81 (vs JP¥9.46 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: JP¥3.39b (up 26% from 3Q 2020). Net income: JP¥117.0m (down 21% from 3Q 2020). Profit margin: 3.5% (down from 5.5% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.Reported Earnings • Jul 02Second quarter 2021 earnings released: EPS JP¥11.62 (vs JP¥16.38 in 2Q 2020)The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥3.42b (down 6.7% from 2Q 2020). Net income: JP¥176.0m (down 33% from 2Q 2020). Profit margin: 5.1% (down from 7.1% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.Reported Earnings • Apr 17First quarter 2021 earnings released: EPS JP¥7.06 (vs JP¥4.22 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: JP¥2.84b (up 13% from 1Q 2020). Net income: JP¥108.0m (up JP¥177.0m from 1Q 2020). Profit margin: 3.8% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 4% per year.Reported Earnings • Apr 02First quarter 2021 earnings released: EPS JP¥7.06 (vs JP¥4.22 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: JP¥2.84b (up 13% from 1Q 2020). Net income: JP¥108.0m (up JP¥177.0m from 1Q 2020). Profit margin: 3.8% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 5% per year.공시 • Apr 01Altech Co., Ltd. (TSE:9972) announces an Equity Buyback for 200,000 shares, representing 1.32% for ¥50 million.Altech Co., Ltd. (TSE:9972) announces a share repurchase program. Under the program, the company will repurchase up to 200,000 shares, representing 1.32% of its issued share capital, for a total price of ¥50 million. The purpose of the program is to strengthen shareholder returns and improve capital efficiency. The program will continue through May 31, 2021. As of February 28, 2021, the company had 15,183,658 shares in issue (excluding treasury stock) and 4,170,938 shares in treasury.Valuation Update With 7 Day Price Move • Mar 31Investor sentiment improved over the past weekAfter last week's 17% share price gain to JP¥351, the stock trades at a trailing P/E ratio of 9.4x. Average trailing P/E is 13x in the Trade Distributors industry in Japan. Total loss to shareholders of 13% over the past three years.Reported Earnings • Mar 03Full year 2020 earnings released: EPS JP¥37.54 (vs JP¥30.10 in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: JP¥12.9b (down 11% from FY 2019). Net income: JP¥595.0m (up 17% from FY 2019). Profit margin: 4.6% (up from 3.5% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 4% per year.공시 • Jan 31Altech Co., Ltd. to Report Q1, 2021 Results on Mar 30, 2021Altech Co., Ltd. announced that they will report Q1, 2021 results on Mar 30, 2021공시 • Jan 16Altech Co., Ltd., Annual General Meeting, Feb 25, 2021Altech Co., Ltd., Annual General Meeting, Feb 25, 2021.Reported Earnings • Jan 15Full year 2020 earnings released: EPS JP¥37.54The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: JP¥12.9b (down 11% from FY 2019). Net income: JP¥595.0m (up 17% from FY 2019). Profit margin: 4.6% (up from 3.5% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 6% per year.Is New 90 Day High Low • Jan 06New 90-day high: JP¥324The company is up 8.0% from its price of JP¥300 on 08 October 2020. The Japanese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Trade Distributors industry, which is up 4.0% over the same period.공시 • Aug 10Altech Co., Ltd. to Report Q3, 2020 Results on Oct 06, 2020Altech Co., Ltd. announced that they will report Q3, 2020 results on Oct 06, 2020매출 및 비용 세부 내역Altech가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이TSE:9972 매출, 비용 및 순이익 (JPY Millions)날짜매출순이익일반관리비연구개발비31 May 2617,202-2,3453,402028 Feb 2616,128-2,6493,379030 Nov 2517,551-2,5943,396031 Aug 2516,651-4143,195031 May 2517,119253,258028 Feb 2519,038-193,337030 Nov 2418,233-983,353031 Aug 2418,931-5223,443031 May 2419,433-9743,486029 Feb 2418,225-9823,459030 Nov 2317,832-1,0263,419031 Aug 2317,463-713,423031 May 2316,021-143,299028 Feb 2316,8662923,194030 Nov 2216,3194023,123031 Aug 2215,8635402,977031 May 2215,5385512,928028 Feb 2214,1484582,910030 Nov 2113,8605422,880031 Aug 2113,7226562,846031 May 2113,0346872,742028 Feb 2113,2807722,651030 Nov 2012,9455952,698031 Aug 2013,0536382,711031 May 2013,4605252,787029 Feb 2014,2665742,875030 Nov 1914,5625092,877031 Aug 1916,1365452,961031 May 1916,3284842,970028 Feb 1915,9303992,961030 Nov 1816,2005832,933031 Aug 1816,0906732,899031 May 1816,1878192,887028 Feb 1815,6167832,873030 Nov 1715,1736542,880031 Aug 1714,8566592,723031 May 1713,9984122,669028 Feb 1713,7271822,651030 Nov 1613,775642,662031 Aug 1612,798-1,1632,723031 May 1614,067-1,1462,860029 Feb 1615,679-9452,881030 Nov 1515,810-9982,855031 Aug 1516,261-523,0000양질의 수익: 9972 은(는) 현재 수익성이 없습니다.이익 마진 증가: 9972는 현재 수익성이 없습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: 9972은 수익성이 없으며 지난 5년 동안 손실이 연평균 71.9% 증가했습니다.성장 가속화: 현재 수익성이 없어 지난 1년간 9972의 수익 성장률을 5년 평균과 비교할 수 없습니다.수익 대 산업: 9972은 수익성이 없어 지난 해 수익 성장률을 Trade Distributors 업계(5.9%)와 비교하기 어렵습니다.자기자본이익률높은 ROE: 9972는 현재 수익성이 없으므로 자본 수익률이 음수(-18.66%)입니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YCapital-goods 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/07/09 19:10종가2026/07/09 00:00수익2026/05/31연간 수익2025/11/30데이터 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 소스Altech Co., Ltd.는 0명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.
Reported Earnings • 13hSecond quarter 2026 earnings released: EPS: JP¥23.17 (vs JP¥1.09 in 2Q 2025)Second quarter 2026 results: EPS: JP¥23.17 (up from JP¥1.09 in 2Q 2025). Revenue: JP¥4.33b (up 33% from 2Q 2025). Net income: JP¥319.0m (up JP¥304.0m from 2Q 2025). Profit margin: 7.4% (up from 0.5% in 2Q 2025). 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.
공시 • Apr 02Altech Co., Ltd. to Report Q1, 2026 Results on Apr 09, 2026Altech Co., Ltd. announced that they will report Q1, 2026 results on Apr 09, 2026
Reported Earnings • Jan 15Full year 2025 earnings released: JP¥188 loss per share (vs JP¥7.12 loss in FY 2024)Full year 2025 results: JP¥188 loss per share (further deteriorated from JP¥7.12 loss in FY 2024). Revenue: JP¥17.6b (down 3.7% from FY 2024). Net loss: JP¥2.59b (loss widened JP¥2.50b from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance.
공시 • Nov 01Altech Co., Ltd. to Report Fiscal Year 2025 Results on Jan 14, 2026Altech Co., Ltd. announced that they will report fiscal year 2025 results on Jan 14, 2026
Reported Earnings • Oct 10Third quarter 2025 earnings released: EPS: JP¥4.50 (vs JP¥36.38 in 3Q 2024)Third quarter 2025 results: EPS: JP¥4.50 (down from JP¥36.38 in 3Q 2024). Revenue: JP¥4.19b (down 10% from 3Q 2024). Net income: JP¥62.0m (down 88% from 3Q 2024). Profit margin: 1.5% (down from 11% in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
공시 • Jul 26Altech Co., Ltd. to Report Q3, 2025 Results on Oct 09, 2025Altech Co., Ltd. announced that they will report Q3, 2025 results on Oct 09, 2025
Reported Earnings • 13hSecond quarter 2026 earnings released: EPS: JP¥23.17 (vs JP¥1.09 in 2Q 2025)Second quarter 2026 results: EPS: JP¥23.17 (up from JP¥1.09 in 2Q 2025). Revenue: JP¥4.33b (up 33% from 2Q 2025). Net income: JP¥319.0m (up JP¥304.0m from 2Q 2025). Profit margin: 7.4% (up from 0.5% in 2Q 2025). 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.
공시 • Apr 02Altech Co., Ltd. to Report Q1, 2026 Results on Apr 09, 2026Altech Co., Ltd. announced that they will report Q1, 2026 results on Apr 09, 2026
Reported Earnings • Jan 15Full year 2025 earnings released: JP¥188 loss per share (vs JP¥7.12 loss in FY 2024)Full year 2025 results: JP¥188 loss per share (further deteriorated from JP¥7.12 loss in FY 2024). Revenue: JP¥17.6b (down 3.7% from FY 2024). Net loss: JP¥2.59b (loss widened JP¥2.50b from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance.
공시 • Jan 14Altech Co., Ltd., Annual General Meeting, Feb 26, 2026Altech Co., Ltd., Annual General Meeting, Feb 26, 2026.
Upcoming Dividend • Nov 20Upcoming dividend of JP¥7.00 per shareEligible shareholders must have bought the stock before 27 November 2025. Payment date: 02 March 2026. The company is not currently making a profit and its cash payout ratio is 81%. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (2.4%).
공시 • Nov 01Altech Co., Ltd. to Report Fiscal Year 2025 Results on Jan 14, 2026Altech Co., Ltd. announced that they will report fiscal year 2025 results on Jan 14, 2026
Reported Earnings • Oct 10Third quarter 2025 earnings released: EPS: JP¥4.50 (vs JP¥36.38 in 3Q 2024)Third quarter 2025 results: EPS: JP¥4.50 (down from JP¥36.38 in 3Q 2024). Revenue: JP¥4.19b (down 10% from 3Q 2024). Net income: JP¥62.0m (down 88% from 3Q 2024). Profit margin: 1.5% (down from 11% in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
분석 기사 • Sep 26Altech Co., Ltd.'s (TSE:9972) Price In Tune With RevenuesIt's not a stretch to say that Altech Co., Ltd.'s ( TSE:9972 ) price-to-sales (or "P/S") ratio of 0.2x right now seems...
공시 • Jul 26Altech Co., Ltd. to Report Q3, 2025 Results on Oct 09, 2025Altech Co., Ltd. announced that they will report Q3, 2025 results on Oct 09, 2025
Reported Earnings • Jul 05Second quarter 2025 earnings released: EPS: JP¥1.09 (vs JP¥2.11 loss in 2Q 2024)Second quarter 2025 results: EPS: JP¥1.09 (up from JP¥2.11 loss in 2Q 2024). Revenue: JP¥3.25b (down 37% from 2Q 2024). Net income: JP¥15.0m (up JP¥44.0m from 2Q 2024). Profit margin: 0.5% (up from net loss in 2Q 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance.
공시 • Apr 29Altech Co., Ltd. to Report Q2, 2025 Results on Jul 04, 2025Altech Co., Ltd. announced that they will report Q2, 2025 results on Jul 04, 2025
Reported Earnings • Apr 11First quarter 2025 earnings released: EPS: JP¥2.69 (vs JP¥3.05 loss in 1Q 2024)First quarter 2025 results: EPS: JP¥2.69 (up from JP¥3.05 loss in 1Q 2024). Revenue: JP¥4.87b (up 20% from 1Q 2024). Net income: JP¥37.0m (up JP¥79.0m from 1Q 2024). Profit margin: 0.8% (up from net loss in 1Q 2024). 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 83 percentage points per year, which is a significant difference in performance.
분석 기사 • Mar 11Even With A 35% Surge, Cautious Investors Are Not Rewarding Altech Co., Ltd.'s (TSE:9972) Performance CompletelyAltech Co., Ltd. ( TSE:9972 ) shares have had a really impressive month, gaining 35% after a shaky period beforehand...
New Risk • Mar 11New 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 6.1% 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: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 55% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.1% average weekly change). Market cap is less than US$100m (JP¥3.64b market cap, or US$24.6m).
Reported Earnings • Mar 04Full year 2024 earnings released: JP¥7.12 loss per share (vs JP¥74.59 loss in FY 2023)Full year 2024 results: JP¥7.12 loss per share (improved from JP¥74.59 loss in FY 2023). Revenue: JP¥18.2b (up 2.2% from FY 2023). Net loss: JP¥98.0m (loss narrowed 90% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance.
공시 • Feb 03Altech Co., Ltd. to Report Q1, 2025 Results on Apr 10, 2025Altech Co., Ltd. announced that they will report Q1, 2025 results on Apr 10, 2025
Reported Earnings • Jan 15Full year 2024 earnings released: JP¥7.12 loss per share (vs JP¥74.59 loss in FY 2023)Full year 2024 results: JP¥7.12 loss per share (improved from JP¥74.59 loss in FY 2023). Revenue: JP¥18.2b (up 2.2% from FY 2023). Net loss: JP¥98.0m (loss narrowed 90% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance.
공시 • Jan 14Altech Co., Ltd., Annual General Meeting, Feb 27, 2025Altech Co., Ltd., Annual General Meeting, Feb 27, 2025.
Upcoming Dividend • Nov 21Upcoming dividend of JP¥7.00 per shareEligible shareholders must have bought the stock before 28 November 2024. Payment date: 28 February 2025. The company is not currently making a profit and is not cash flow positive. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.8%). In line with average of industry peers (3.3%).
Reported Earnings • Oct 16Third quarter 2024 earnings released: EPS: JP¥36.38 (vs JP¥3.56 in 3Q 2023)Third quarter 2024 results: EPS: JP¥36.38 (up from JP¥3.56 in 3Q 2023). Revenue: JP¥4.65b (down 9.7% from 3Q 2023). Net income: JP¥501.0m (up JP¥452.0m from 3Q 2023). Profit margin: 11% (up from 1.0% in 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance.
분석 기사 • Aug 06Altech Co., Ltd. (TSE:9972) Stock's 34% Dive Might Signal An Opportunity But It Requires Some ScrutinyAltech Co., Ltd. ( TSE:9972 ) shareholders that were waiting for something to happen have been dealt a blow with a 34...
New Risk • Aug 05New 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 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 48% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Market cap is less than US$100m (JP¥2.64b market cap, or US$18.6m).
공시 • Jul 27Altech Co., Ltd. to Report Q3, 2024 Results on Oct 10, 2024Altech Co., Ltd. announced that they will report Q3, 2024 results on Oct 10, 2024
Reported Earnings • Jul 08Second quarter 2024 earnings released: JP¥2.11 loss per share (vs JP¥2.69 loss in 2Q 2023)Second quarter 2024 results: JP¥2.11 loss per share (improved from JP¥2.69 loss in 2Q 2023). Revenue: JP¥5.17b (up 31% from 2Q 2023). Net loss: JP¥29.0m (loss narrowed 22% from 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 106 percentage points per year, which is a significant difference in performance.
Board Change • Jun 05Less 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, 2 were independent directors. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Outside Director Keiko Nakano was the last independent director to join the board, commencing their role in 2023. 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 29Altech Co., Ltd. to Report Q2, 2024 Results on Jul 05, 2024Altech Co., Ltd. announced that they will report Q2, 2024 results on Jul 05, 2024
Reported Earnings • Apr 12First quarter 2024 earnings released: JP¥3.05 loss per share (vs JP¥6.27 loss in 1Q 2023)First quarter 2024 results: JP¥3.05 loss per share (improved from JP¥6.27 loss in 1Q 2023). Revenue: JP¥4.06b (up 11% from 1Q 2023). Net loss: JP¥42.0m (loss narrowed 51% from 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance.
분석 기사 • Mar 12Fewer Investors Than Expected Jumping On Altech Co., Ltd. (TSE:9972)There wouldn't be many who think Altech Co., Ltd.'s ( TSE:9972 ) price-to-sales (or "P/S") ratio of 0.2x is worth a...
공시 • Jan 28Altech Co., Ltd. to Report Q1, 2024 Results on Apr 05, 2024Altech Co., Ltd. announced that they will report Q1, 2024 results on Apr 05, 2024
공시 • Jan 17Altech Co., Ltd., Annual General Meeting, Feb 28, 2024Altech Co., Ltd., Annual General Meeting, Feb 28, 2024.
Reported Earnings • Jan 16Full year 2023 earnings released: JP¥74.59 loss per share (vs JP¥28.16 profit in FY 2022)Full year 2023 results: JP¥74.59 loss per share (down from JP¥28.16 profit in FY 2022). Revenue: JP¥17.8b (up 9.3% from FY 2022). Net loss: JP¥1.03b (down 355% from profit in FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance.
Upcoming Dividend • Nov 22Upcoming dividend of JP¥7.00 per share at 3.0% yieldEligible shareholders must have bought the stock before 29 November 2023. Payment date: 28 February 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.4%). In line with average of industry peers (2.9%).
공시 • Nov 01Altech Co., Ltd. to Report Fiscal Year 2023 Results on Jan 15, 2024Altech Co., Ltd. announced that they will report fiscal year 2023 results on Jan 15, 2024
Reported Earnings • Oct 06Third quarter 2023 earnings released: EPS: JP¥3.56 (vs JP¥7.50 in 3Q 2022)Third quarter 2023 results: EPS: JP¥3.56 (down from JP¥7.50 in 3Q 2022). Revenue: JP¥5.16b (up 39% from 3Q 2022). Net income: JP¥49.0m (down 54% from 3Q 2022). Profit margin: 1.0% (down from 2.9% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.
공시 • Jul 30Altech Co., Ltd. to Report Q3, 2023 Results on Oct 05, 2023Altech Co., Ltd. announced that they will report Q3, 2023 results on Oct 05, 2023
New Risk • Jul 01New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.5% 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 Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 11% per year over the past 5 years. Minor Risk Market cap is less than US$100m (JP¥3.77b market cap, or US$26.2m).
Reported Earnings • Jul 01Second quarter 2023 earnings released: JP¥2.69 loss per share (vs JP¥18.51 profit in 2Q 2022)Second quarter 2023 results: JP¥2.69 loss per share (down from JP¥18.51 profit in 2Q 2022). Revenue: JP¥3.96b (down 18% from 2Q 2022). Net loss: JP¥37.0m (down 114% from profit in 2Q 2022). 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 6% per year, which means it is well ahead of earnings.
Reported Earnings • Mar 04Full year 2022 earnings released: EPS: JP¥28.16 (vs JP¥35.96 in FY 2021)Full year 2022 results: EPS: JP¥28.16 (down from JP¥35.96 in FY 2021). Revenue: JP¥16.3b (up 18% from FY 2021). Net income: JP¥402.0m (down 26% from FY 2021). Profit margin: 2.5% (down from 3.9% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Feb 21Investor sentiment improves as stock rises 19%After last week's 19% share price gain to JP¥316, the stock trades at a trailing P/E ratio of 10.8x. Average trailing P/E is 9x in the Trade Distributors industry in Japan. Total returns to shareholders of 45% over the past three years.
공시 • Jan 29Altech Co., Ltd. to Report Q1, 2023 Results on Mar 30, 2023Altech Co., Ltd. announced that they will report Q1, 2023 results on Mar 30, 2023
공시 • Jan 15Altech Co., Ltd., Annual General Meeting, Feb 27, 2023Altech Co., Ltd., Annual General Meeting, Feb 27, 2023.
Reported Earnings • Jan 14Full year 2022 earnings released: EPS: JP¥31.73 (vs JP¥35.96 in FY 2021)Full year 2022 results: EPS: JP¥31.73 (down from JP¥35.96 in FY 2021). Revenue: JP¥16.3b (up 18% from FY 2021). Net income: JP¥453.0m (down 16% from FY 2021). Profit margin: 2.8% (down from 3.9% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 7% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Nov 22Upcoming dividend of JP¥9.00 per shareEligible shareholders must have bought the stock before 29 November 2022. Payment date: 28 February 2023. Payout ratio is a comfortable 8.1% but the company is not cash flow positive. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (3.6%).
Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 6 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Outside Director Mitsunari Nakao was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
공시 • Nov 01Altech Co., Ltd. to Report Fiscal Year 2022 Results on Jan 13, 2023Altech Co., Ltd. announced that they will report fiscal year 2022 results on Jan 13, 2023
Reported Earnings • Oct 06Third quarter 2022 earnings released: EPS: JP¥7.50 (vs JP¥7.81 in 3Q 2021)Third quarter 2022 results: EPS: JP¥7.50 (down from JP¥7.81 in 3Q 2021). Revenue: JP¥3.71b (up 9.6% from 3Q 2021). Net income: JP¥106.0m (down 9.4% from 3Q 2021). Profit margin: 2.9% (down from 3.5% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 9% per year.
공시 • Aug 03Altech Co., Ltd. to Report Q3, 2022 Results on Oct 05, 2022Altech Co., Ltd. announced that they will report Q3, 2022 results on Oct 05, 2022
Reported Earnings • Jul 02Second quarter 2022 earnings released: EPS: JP¥18.51 (vs JP¥11.62 in 2Q 2021)Second quarter 2022 results: EPS: JP¥18.51 (up from JP¥11.62 in 2Q 2021). Revenue: JP¥4.81b (up 41% from 2Q 2021). Net income: JP¥269.0m (up 53% from 2Q 2021). Profit margin: 5.6% (up from 5.1% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 9% per year.
Valuation Update With 7 Day Price Move • Jul 01Investor sentiment improved over the past weekAfter last week's 18% share price gain to JP¥280, the stock trades at a trailing P/E ratio of 8.8x. Average trailing P/E is 8x in the Trade Distributors industry in Japan. Total returns to shareholders of 33% over the past three years.
공시 • May 02Altech Co., Ltd. to Report Q2, 2022 Results on Jun 30, 2022Altech Co., Ltd. announced that they will report Q2, 2022 results on Jun 30, 2022
Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 6 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Outside Director Mitsunari Nakao was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Apr 01First quarter 2022 earnings released: EPS: JP¥1.63 (vs JP¥7.06 in 1Q 2021)First quarter 2022 results: EPS: JP¥1.63 (down from JP¥7.06 in 1Q 2021). Revenue: JP¥3.12b (up 10% from 1Q 2021). Net income: JP¥24.0m (down 78% from 1Q 2021). Profit margin: 0.8% (down from 3.8% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Mar 03Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: JP¥35.96 (down from JP¥37.54 in FY 2020). Revenue: JP¥13.9b (up 7.1% from FY 2020). Net income: JP¥542.0m (down 8.9% from FY 2020). Profit margin: 3.9% (down from 4.6% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
공시 • Jan 30Altech Co., Ltd. to Report Q1, 2022 Results on Mar 30, 2022Altech Co., Ltd. announced that they will report Q1, 2022 results on Mar 30, 2022
Reported Earnings • Jan 16Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: JP¥35.96 (down from JP¥37.54 in FY 2020). Revenue: JP¥13.9b (up 7.1% from FY 2020). Net income: JP¥542.0m (down 8.9% from FY 2020). Profit margin: 3.9% (down from 4.6% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Nov 22Upcoming dividend of JP¥3.00 per shareEligible shareholders must have bought the stock before 29 November 2021. Payment date: 26 February 2022. Trailing yield: 1.0%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (3.7%).
Reported Earnings • Oct 06Third quarter 2021 earnings released: EPS JP¥7.81 (vs JP¥9.46 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: JP¥3.39b (up 26% from 3Q 2020). Net income: JP¥117.0m (down 21% from 3Q 2020). Profit margin: 3.5% (down from 5.5% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Jul 02Second quarter 2021 earnings released: EPS JP¥11.62 (vs JP¥16.38 in 2Q 2020)The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥3.42b (down 6.7% from 2Q 2020). Net income: JP¥176.0m (down 33% from 2Q 2020). Profit margin: 5.1% (down from 7.1% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
Reported Earnings • Apr 17First quarter 2021 earnings released: EPS JP¥7.06 (vs JP¥4.22 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: JP¥2.84b (up 13% from 1Q 2020). Net income: JP¥108.0m (up JP¥177.0m from 1Q 2020). Profit margin: 3.8% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 4% per year.
Reported Earnings • Apr 02First quarter 2021 earnings released: EPS JP¥7.06 (vs JP¥4.22 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: JP¥2.84b (up 13% from 1Q 2020). Net income: JP¥108.0m (up JP¥177.0m from 1Q 2020). Profit margin: 3.8% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 5% per year.
공시 • Apr 01Altech Co., Ltd. (TSE:9972) announces an Equity Buyback for 200,000 shares, representing 1.32% for ¥50 million.Altech Co., Ltd. (TSE:9972) announces a share repurchase program. Under the program, the company will repurchase up to 200,000 shares, representing 1.32% of its issued share capital, for a total price of ¥50 million. The purpose of the program is to strengthen shareholder returns and improve capital efficiency. The program will continue through May 31, 2021. As of February 28, 2021, the company had 15,183,658 shares in issue (excluding treasury stock) and 4,170,938 shares in treasury.
Valuation Update With 7 Day Price Move • Mar 31Investor sentiment improved over the past weekAfter last week's 17% share price gain to JP¥351, the stock trades at a trailing P/E ratio of 9.4x. Average trailing P/E is 13x in the Trade Distributors industry in Japan. Total loss to shareholders of 13% over the past three years.
Reported Earnings • Mar 03Full year 2020 earnings released: EPS JP¥37.54 (vs JP¥30.10 in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: JP¥12.9b (down 11% from FY 2019). Net income: JP¥595.0m (up 17% from FY 2019). Profit margin: 4.6% (up from 3.5% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 4% per year.
공시 • Jan 31Altech Co., Ltd. to Report Q1, 2021 Results on Mar 30, 2021Altech Co., Ltd. announced that they will report Q1, 2021 results on Mar 30, 2021
공시 • Jan 16Altech Co., Ltd., Annual General Meeting, Feb 25, 2021Altech Co., Ltd., Annual General Meeting, Feb 25, 2021.
Reported Earnings • Jan 15Full year 2020 earnings released: EPS JP¥37.54The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: JP¥12.9b (down 11% from FY 2019). Net income: JP¥595.0m (up 17% from FY 2019). Profit margin: 4.6% (up from 3.5% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 6% per year.
Is New 90 Day High Low • Jan 06New 90-day high: JP¥324The company is up 8.0% from its price of JP¥300 on 08 October 2020. The Japanese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Trade Distributors industry, which is up 4.0% over the same period.
공시 • Aug 10Altech Co., Ltd. to Report Q3, 2020 Results on Oct 06, 2020Altech Co., Ltd. announced that they will report Q3, 2020 results on Oct 06, 2020