Reported Earnings • May 20
Full year 2026 earnings released: EPS: JP¥51.54 (vs JP¥100 in FY 2025) Full year 2026 results: EPS: JP¥51.54 (down from JP¥100 in FY 2025). Revenue: JP¥22.3b (up 1.6% from FY 2025). Net income: JP¥605.0m (down 48% from FY 2025). Profit margin: 2.7% (down from 5.3% in FY 2025). Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 16% per year. New Risk • May 20
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.7% Last year net profit margin: 5.3% 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: Major Risk Earnings have declined by 13% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.7% net profit margin). Market cap is less than US$100m (JP¥13.0b market cap, or US$81.8m). 공시 • May 15
Nozawa Corporation, Annual General Meeting, Jun 26, 2026 Nozawa Corporation, Annual General Meeting, Jun 26, 2026. 공시 • May 09
Nozawa Corporation to Report Fiscal Year 2026 Results on May 15, 2026 Nozawa Corporation announced that they will report fiscal year 2026 results on May 15, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥43.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 30 June 2026. Payout ratio is a comfortable 54% but the company is paying out more than the cash it is generating. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.8%). Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥1,271, the stock trades at a trailing P/E ratio of 17.1x. Average trailing P/E is 11x in the Basic Materials industry in Japan. Total returns to shareholders of 102% over the past three years. Reported Earnings • Feb 09
Third quarter 2026 earnings released: EPS: JP¥26.18 (vs JP¥40.54 in 3Q 2025) Third quarter 2026 results: EPS: JP¥26.18 (down from JP¥40.54 in 3Q 2025). Revenue: JP¥5.26b (down 7.8% from 3Q 2025). Net income: JP¥307.0m (down 34% from 3Q 2025). Profit margin: 5.8% (down from 8.2% in 3Q 2025). 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 18% per year, which means it is significantly lagging earnings growth. Declared Dividend • Jan 08
Dividend of JP¥40.00 announced Dividend of JP¥40.00 is the same as last year. Ex-date: 30th March 2026 Payment date: 30th June 2026 Dividend yield will be 3.8%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (45% earnings payout ratio) but not covered by cash flows (361% cash payout ratio). The dividend has increased by an average of 7.2% 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 decline by 50% to shift the payout ratio to a potentially unsustainable range, which is more than the 1.6% EPS decline seen over the last 5 years. 공시 • Jan 07
Nozawa Corporation announces Annual dividend, payable on June 30, 2026 Nozawa Corporation announced Annual dividend of JPY 40.0000 per share payable on June 30, 2026, ex-date on March 30, 2026 and record date on March 31, 2026. 공시 • Nov 29
Nozawa Corporation to Report Q3, 2026 Results on Feb 06, 2026 Nozawa Corporation announced that they will report Q3, 2026 results on Feb 06, 2026 Reported Earnings • Nov 14
Second quarter 2026 earnings released: EPS: JP¥31.90 (vs JP¥24.87 in 2Q 2025) Second quarter 2026 results: EPS: JP¥31.90 (up from JP¥24.87 in 2Q 2025). Revenue: JP¥5.77b (up 2.1% from 2Q 2025). Net income: JP¥374.0m (up 30% from 2Q 2025). Profit margin: 6.5% (up from 5.1% in 2Q 2025). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. 공시 • Sep 01
Nozawa Corporation to Report Q2, 2026 Results on Nov 11, 2025 Nozawa Corporation announced that they will report Q2, 2026 results on Nov 11, 2025 New Risk • Aug 08
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 43% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 8.6% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Market cap is less than US$100m (JP¥11.5b market cap, or US$78.2m). Reported Earnings • Aug 08
First quarter 2026 earnings released: EPS: JP¥6.83 (vs JP¥25.14 in 1Q 2025) First quarter 2026 results: EPS: JP¥6.83 (down from JP¥25.14 in 1Q 2025). Revenue: JP¥5.81b (up 5.0% from 1Q 2025). Net income: JP¥80.0m (down 72% from 1Q 2025). Profit margin: 1.4% (down from 5.2% in 1Q 2025). 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 11% per year. Buy Or Sell Opportunity • Jun 27
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 3.7% to JP¥893. The fair value is estimated to be JP¥730, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.3% over the last 3 years. Earnings per share has declined by 4.9%. 공시 • May 31
Nozawa Corporation to Report Q1, 2026 Results on Aug 07, 2025 Nozawa Corporation announced that they will report Q1, 2026 results on Aug 07, 2025 New Risk • May 17
New major risk - Revenue and earnings growth Earnings have declined by 6.7% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 6.7% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (JP¥10.00b market cap, or US$68.5m). Reported Earnings • May 17
Full year 2025 earnings released: EPS: JP¥100 (vs JP¥76.25 in FY 2024) Full year 2025 results: EPS: JP¥100 (up from JP¥76.25 in FY 2024). Revenue: JP¥22.0b (down 4.9% from FY 2024). Net income: JP¥1.16b (up 32% from FY 2024). Profit margin: 5.3% (up from 3.8% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. 공시 • May 13
Nozawa Corporation, Annual General Meeting, Jun 27, 2025 Nozawa Corporation, Annual General Meeting, Jun 27, 2025. Buy Or Sell Opportunity • Apr 14
Now 21% overvalued Over the last 90 days, the stock has fallen 4.0% to JP¥823. The fair value is estimated to be JP¥681, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.6% over the last 3 years. Earnings per share has declined by 21%. 공시 • Apr 06
Nozawa Corporation to Report Fiscal Year 2025 Results on May 13, 2025 Nozawa Corporation announced that they will report fiscal year 2025 results on May 13, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 28 June 2025. Payout ratio is a comfortable 34% but the company is paying out more than the cash it is generating. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.8%). Reported Earnings • Feb 08
Third quarter 2025 earnings released: EPS: JP¥40.54 (vs JP¥35.78 in 3Q 2024) Third quarter 2025 results: EPS: JP¥40.54 (up from JP¥35.78 in 3Q 2024). Revenue: JP¥5.71b (down 6.6% from 3Q 2024). Net income: JP¥468.0m (up 14% from 3Q 2024). Profit margin: 8.2% (up from 6.7% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. 공시 • Jan 03
Nozawa Corporation to Report Q3, 2025 Results on Feb 07, 2025 Nozawa Corporation announced that they will report Q3, 2025 results on Feb 07, 2025 Reported Earnings • Nov 10
Second quarter 2025 earnings released: EPS: JP¥24.86 (vs JP¥34.30 in 2Q 2024) Second quarter 2025 results: EPS: JP¥24.86 (down from JP¥34.30 in 2Q 2024). Revenue: JP¥5.65b (down 11% from 2Q 2024). Net income: JP¥287.0m (down 27% from 2Q 2024). Profit margin: 5.1% (down from 6.2% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. 공시 • Aug 28
Nozawa Corporation to Report Q2, 2025 Results on Nov 08, 2024 Nozawa Corporation announced that they will report Q2, 2025 results on Nov 08, 2024 Reported Earnings • Aug 13
First quarter 2025 earnings released: EPS: JP¥25.14 (vs JP¥6.38 loss in 1Q 2024) First quarter 2025 results: EPS: JP¥25.14 (up from JP¥6.38 loss in 1Q 2024). Revenue: JP¥5.53b (down 3.2% from 1Q 2024). Net income: JP¥290.0m (up JP¥363.0m from 1Q 2024). Profit margin: 5.2% (up from net loss in 1Q 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. 공시 • Jun 02
Nozawa Corporation to Report Q1, 2025 Results on Aug 08, 2024 Nozawa Corporation announced that they will report Q1, 2025 results on Aug 08, 2024 Reported Earnings • May 13
Full year 2024 earnings released: EPS: JP¥76.25 (vs JP¥42.62 in FY 2023) Full year 2024 results: EPS: JP¥76.25 (up from JP¥42.62 in FY 2023). Revenue: JP¥23.1b (up 10.0% from FY 2023). Net income: JP¥874.0m (up 80% from FY 2023). Profit margin: 3.8% (up from 2.3% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. 공시 • May 12
Nozawa Corporation, Annual General Meeting, Jun 27, 2024 Nozawa Corporation, Annual General Meeting, Jun 27, 2024. 공시 • Mar 28
Nozawa Corporation to Report Fiscal Year 2024 Results on May 10, 2024 Nozawa Corporation announced that they will report fiscal year 2024 results on May 10, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥35.00 per share Eligible 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 paying out more than the cash it is generating. Trailing yield: 3.5%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (2.4%). Reported Earnings • Feb 11
Third quarter 2024 earnings released: EPS: JP¥35.77 (vs JP¥6.32 in 3Q 2023) Third quarter 2024 results: EPS: JP¥35.77 (up from JP¥6.32 in 3Q 2023). Revenue: JP¥6.12b (up 12% from 3Q 2023). Net income: JP¥410.0m (up 469% from 3Q 2023). Profit margin: 6.7% (up from 1.3% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. 공시 • Dec 28
Nozawa Corporation to Report Q3, 2024 Results on Feb 09, 2024 Nozawa Corporation announced that they will report Q3, 2024 results on Feb 09, 2024 Reported Earnings • Nov 12
Second quarter 2024 earnings released: EPS: JP¥34.29 (vs JP¥17.19 in 2Q 2023) Second quarter 2024 results: EPS: JP¥34.29 (up from JP¥17.19 in 2Q 2023). Revenue: JP¥6.32b (up 16% from 2Q 2023). Net income: JP¥393.0m (up 100% from 2Q 2023). Profit margin: 6.2% (up from 3.6% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. 공시 • Sep 05
Nozawa Corporation to Report Q2, 2024 Results on Nov 10, 2023 Nozawa Corporation announced that they will report Q2, 2024 results on Nov 10, 2023 Reported Earnings • Aug 08
First quarter 2024 earnings released: JP¥6.38 loss per share (vs JP¥19.21 profit in 1Q 2023) First quarter 2024 results: JP¥6.38 loss per share (down from JP¥19.21 profit in 1Q 2023). Revenue: JP¥5.71b (up 20% from 1Q 2023). Net loss: JP¥73.0m (down 133% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. 공시 • May 29
Nozawa Corporation to Report Q1, 2024 Results on Aug 04, 2023 Nozawa Corporation announced that they will report Q1, 2024 results on Aug 04, 2023 Reported Earnings • May 17
Full year 2023 earnings released: EPS: JP¥42.62 (vs JP¥150 in FY 2022) Full year 2023 results: EPS: JP¥42.62 (down from JP¥150 in FY 2022). Revenue: JP¥21.0b (up 2.1% from FY 2022). Net income: JP¥486.0m (down 72% from FY 2022). Profit margin: 2.3% (down from 8.3% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. 공시 • May 14
Nozawa Corporation, Annual General Meeting, Jun 29, 2023 Nozawa Corporation, Annual General Meeting, Jun 29, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥35.00 per share at 4.9% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 64% and this is well supported by cash flows. Trailing yield: 4.9%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.8%). Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: JP¥6.31 (vs JP¥33.15 in 3Q 2022) Third quarter 2023 results: EPS: JP¥6.31 (down from JP¥33.15 in 3Q 2022). Revenue: JP¥5.47b (flat on 3Q 2022). Net income: JP¥72.0m (down 81% from 3Q 2022). Profit margin: 1.3% (down from 7.0% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. 공시 • Dec 29
Nozawa Corporation to Report Q3, 2023 Results on Feb 10, 2023 Nozawa Corporation announced that they will report Q3, 2023 results on Feb 10, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: JP¥17.19 (vs JP¥64.02 in 2Q 2022) Second quarter 2023 results: EPS: JP¥17.19 (down from JP¥64.02 in 2Q 2022). Revenue: JP¥5.44b (up 2.8% from 2Q 2022). Net income: JP¥196.0m (down 73% from 2Q 2022). Profit margin: 3.6% (down from 14% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 11 non-independent directors. Independent Outside Director Hikota Koshika was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 13
Second quarter 2023 earnings released: EPS: JP¥17.19 (vs JP¥64.02 in 2Q 2022) Second quarter 2023 results: EPS: JP¥17.19 (down from JP¥64.02 in 2Q 2022). Revenue: JP¥5.44b (up 2.8% from 2Q 2022). Net income: JP¥196.0m (down 73% from 2Q 2022). Profit margin: 3.6% (down from 14% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. 공시 • Sep 28
Nozawa Corporation to Report Q2, 2023 Results on Nov 11, 2022 Nozawa Corporation announced that they will report Q2, 2023 results on Nov 11, 2022 Reported Earnings • Aug 07
First quarter 2023 earnings released: EPS: JP¥19.21 (vs JP¥32.89 in 1Q 2022) First quarter 2023 results: EPS: JP¥19.21 (down from JP¥32.89 in 1Q 2022). Revenue: JP¥4.77b (flat on 1Q 2022). Net income: JP¥219.0m (down 42% from 1Q 2022). Profit margin: 4.6% (down from 7.9% in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. 공시 • Jul 01
Nozawa Corporation to Report Q1, 2023 Results on Aug 05, 2022 Nozawa Corporation announced that they will report Q1, 2023 results on Aug 05, 2022 Reported Earnings • May 19
Full year 2022 earnings released: EPS: JP¥150 (vs JP¥111 in FY 2021) Full year 2022 results: EPS: JP¥150 (up from JP¥111 in FY 2021). Revenue: JP¥20.5b (down 8.3% from FY 2021). Net income: JP¥1.71b (up 36% from FY 2021). Profit margin: 8.3% (up from 5.6% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. 공시 • May 15
Nozawa Corporation, Annual General Meeting, Jun 29, 2022 Nozawa Corporation, Annual General Meeting, Jun 29, 2022. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 11 non-independent directors. Independent Outside Director Hikota Koshika was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 공시 • Apr 08
Nozawa Corporation to Report Fiscal Year 2022 Results on May 13, 2022 Nozawa Corporation announced that they will report fiscal year 2022 results on May 13, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 30 June 2022. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (2.7%). Reported Earnings • Feb 12
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥33.15 (up from JP¥19.47 in 3Q 2021). Revenue: JP¥5.43b (flat on 3Q 2021). Net income: JP¥378.0m (up 70% from 3Q 2021). Profit margin: 7.0% (up from 4.1% in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 15
Second quarter 2022 earnings released: EPS JP¥64.02 (vs JP¥23.94 in 2Q 2021) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2022 results: Revenue: JP¥5.30b (down 9.0% from 2Q 2021). Net income: JP¥730.0m (up 167% from 2Q 2021). Profit margin: 14% (up from 4.7% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 11
First quarter 2022 earnings released: EPS JP¥32.89 (vs JP¥21.49 in 1Q 2021) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2022 results: Revenue: JP¥4.75b (down 12% from 1Q 2021). Net income: JP¥375.0m (up 53% from 1Q 2021). Profit margin: 7.9% (up from 4.5% in 1Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 29 June 2021. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (2.2%). Reported Earnings • Feb 14
Third quarter 2021 earnings released: EPS JP¥19.47 (vs JP¥27.45 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥5.46b (down 5.8% from 3Q 2020). Net income: JP¥222.0m (down 29% from 3Q 2020). Profit margin: 4.1% (down from 5.4% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. 공시 • Dec 11
Nozawa Corporation to Report Q3, 2021 Results on Feb 12, 2021 Nozawa Corporation announced that they will report Q3, 2021 results on Feb 12, 2021 공시 • Oct 17
Nozawa Corporation to Report Q2, 2021 Results on Nov 13, 2020 Nozawa Corporation announced that they will report Q2, 2021 results on Nov 13, 2020 공시 • Jul 19
Nozawa Corporation to Report Q1, 2021 Results on Aug 07, 2020 Nozawa Corporation announced that they will report Q1, 2021 results on Aug 07, 2020