View Future GrowthKogi 과거 순이익 실적과거 기준 점검 2/6Kogi은 연평균 27.6%의 비율로 수입이 증가해 온 반면, Metals and Mining 산업은 수입이 4% 증가했습니다. 매출은 연평균 5.3%의 비율로 증가했습니다. Kogi의 자기자본이익률은 2.7%이고 순이익률은 1.8%입니다.핵심 정보27.59%순이익 성장률27.78%주당순이익(EPS) 성장률Metals and Mining 산업 성장률18.55%매출 성장률5.25%자기자본이익률2.73%순이익률1.83%최근 순이익 업데이트31 Mar 2026최근 과거 실적 업데이트Reported Earnings • May 13Full year 2026 earnings released: EPS: JP¥143 (vs JP¥244 in FY 2025)Full year 2026 results: EPS: JP¥143 (down from JP¥244 in FY 2025). Revenue: JP¥25.7b (down 2.4% from FY 2025). Net income: JP¥470.0m (down 41% from FY 2025). Profit margin: 1.8% (down from 3.0% in FY 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.공시 • May 09Kogi Corporation to Report Fiscal Year 2026 Results on May 11, 2026Kogi Corporation announced that they will report fiscal year 2026 results on May 11, 2026Reported Earnings • Jan 31Third quarter 2026 earnings released: EPS: JP¥21.02 (vs JP¥143 in 3Q 2025)Third quarter 2026 results: EPS: JP¥21.02 (down from JP¥143 in 3Q 2025). Revenue: JP¥6.27b (down 5.1% from 3Q 2025). Net income: JP¥69.0m (down 85% from 3Q 2025). Profit margin: 1.1% (down from 7.1% in 3Q 2025). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.공시 • Dec 18Kogi Corporation to Report Q3, 2026 Results on Jan 30, 2026Kogi Corporation announced that they will report Q3, 2026 results on Jan 30, 2026분석 기사 • Nov 19Kogi's (TSE:5603) Shareholders May Want To Dig Deeper Than Statutory ProfitKogi Corporation's ( TSE:5603 ) healthy profit numbers didn't contain any surprises for investors. However the...Reported Earnings • Nov 02Second quarter 2026 earnings released: EPS: JP¥32.92 (vs JP¥53.24 in 2Q 2025)Second quarter 2026 results: EPS: JP¥32.92 (down from JP¥53.24 in 2Q 2025). Revenue: JP¥6.66b (up 2.3% from 2Q 2025). Net income: JP¥108.0m (down 38% from 2Q 2025). Profit margin: 1.6% (down from 2.7% in 2Q 2025). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.모든 업데이트 보기Recent updatesReported Earnings • May 13Full year 2026 earnings released: EPS: JP¥143 (vs JP¥244 in FY 2025)Full year 2026 results: EPS: JP¥143 (down from JP¥244 in FY 2025). Revenue: JP¥25.7b (down 2.4% from FY 2025). Net income: JP¥470.0m (down 41% from FY 2025). Profit margin: 1.8% (down from 3.0% in FY 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.공시 • May 11Kogi Corporation, Annual General Meeting, Jun 26, 2026Kogi Corporation, Annual General Meeting, Jun 26, 2026.공시 • May 09Kogi Corporation to Report Fiscal Year 2026 Results on May 11, 2026Kogi Corporation announced that they will report fiscal year 2026 results on May 11, 2026Upcoming Dividend • Mar 23Upcoming dividend of JP¥50.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 29 June 2026. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.5%).New Risk • Mar 18New 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 6.3% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.3% average weekly change). Profit margins are more than 30% lower than last year (1.9% net profit margin). Market cap is less than US$100m (JP¥5.38b market cap, or US$33.8m).Valuation Update With 7 Day Price Move • Mar 17Investor sentiment improves as stock rises 23%After last week's 23% share price gain to JP¥1,628, the stock trades at a trailing P/E ratio of 10.6x. Average trailing P/E is 13x in the Metals and Mining industry in Japan. Total returns to shareholders of 84% over the past three years.Reported Earnings • Jan 31Third quarter 2026 earnings released: EPS: JP¥21.02 (vs JP¥143 in 3Q 2025)Third quarter 2026 results: EPS: JP¥21.02 (down from JP¥143 in 3Q 2025). Revenue: JP¥6.27b (down 5.1% from 3Q 2025). Net income: JP¥69.0m (down 85% from 3Q 2025). Profit margin: 1.1% (down from 7.1% in 3Q 2025). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.공시 • Dec 18Kogi Corporation to Report Q3, 2026 Results on Jan 30, 2026Kogi Corporation announced that they will report Q3, 2026 results on Jan 30, 2026분석 기사 • Nov 19Kogi's (TSE:5603) Shareholders May Want To Dig Deeper Than Statutory ProfitKogi Corporation's ( TSE:5603 ) healthy profit numbers didn't contain any surprises for investors. However the...Reported Earnings • Nov 02Second quarter 2026 earnings released: EPS: JP¥32.92 (vs JP¥53.24 in 2Q 2025)Second quarter 2026 results: EPS: JP¥32.92 (down from JP¥53.24 in 2Q 2025). Revenue: JP¥6.66b (up 2.3% from 2Q 2025). Net income: JP¥108.0m (down 38% from 2Q 2025). Profit margin: 1.6% (down from 2.7% in 2Q 2025). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.공시 • Sep 01Kogi Corporation to Report Q2, 2026 Results on Oct 31, 2025Kogi Corporation announced that they will report Q2, 2026 results on Oct 31, 2025Reported Earnings • Aug 02First quarter 2026 earnings released: EPS: JP¥62.69 (vs JP¥11.32 in 1Q 2025)First quarter 2026 results: EPS: JP¥62.69 (up from JP¥11.32 in 1Q 2025). Revenue: JP¥6.19b (down 3.6% from 1Q 2025). Net income: JP¥205.0m (up 454% from 1Q 2025). Profit margin: 3.3% (up from 0.6% in 1Q 2025). 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 7% per year, which means it is significantly lagging earnings growth.공시 • Jun 27Kogi Corporation to Report Q1, 2026 Results on Jul 31, 2025Kogi Corporation announced that they will report Q1, 2026 results on Jul 31, 2025분석 기사 • May 15Kogi's (TSE:5603) Performance Is Even Better Than Its Earnings SuggestInvestors were underwhelmed by the solid earnings posted by Kogi Corporation ( TSE:5603 ) recently. We did some digging...분석 기사 • May 09Kogi Corporation (TSE:5603) Might Not Be As Mispriced As It LooksWhen close to half the companies in Japan have price-to-earnings ratios (or "P/E's") above 14x, you may consider Kogi...Reported Earnings • May 09Full year 2025 earnings released: EPS: JP¥244 (vs JP¥165 in FY 2024)Full year 2025 results: EPS: JP¥244 (up from JP¥165 in FY 2024). Revenue: JP¥26.3b (up 1.4% from FY 2024). Net income: JP¥798.0m (up 48% from FY 2024). Profit margin: 3.0% (up from 2.1% in FY 2024). Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.공시 • May 08Kogi Corporation, Annual General Meeting, Jun 26, 2025Kogi Corporation, Annual General Meeting, Jun 26, 2025.Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to JP¥1,054, the stock trades at a trailing P/E ratio of 4.2x. Average trailing P/E is 9x in the Metals and Mining industry in Japan. Total returns to shareholders of 26% over the past three years.Upcoming Dividend • Mar 21Upcoming dividend of JP¥60.00 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 27 June 2025. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 4.4%. Within top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (4.1%).공시 • Mar 04Kogi Corporation to Report Fiscal Year 2025 Results on May 08, 2025Kogi Corporation announced that they will report fiscal year 2025 results on May 08, 2025Reported Earnings • Feb 01Third quarter 2025 earnings released: EPS: JP¥143 (vs JP¥61.49 in 3Q 2024)Third quarter 2025 results: EPS: JP¥143 (up from JP¥61.49 in 3Q 2024). Revenue: JP¥6.61b (down 2.3% from 3Q 2024). Net income: JP¥467.0m (up 132% from 3Q 2024). Profit margin: 7.1% (up from 3.0% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.공시 • Jan 03Kogi Corporation to Report Q3, 2025 Results on Jan 31, 2025Kogi Corporation announced that they will report Q3, 2025 results on Jan 31, 2025분석 기사 • Nov 06Some Investors May Be Willing To Look Past Kogi's (TSE:5603) Soft EarningsShareholders appeared unconcerned with Kogi Corporation's ( TSE:5603 ) lackluster earnings report last week. We did...Reported Earnings • Nov 01Second quarter 2025 earnings released: EPS: JP¥53.21 (vs JP¥8.57 in 2Q 2024)Second quarter 2025 results: EPS: JP¥53.21 (up from JP¥8.57 in 2Q 2024). Revenue: JP¥6.51b (up 5.0% from 2Q 2024). Net income: JP¥174.0m (up JP¥146.0m from 2Q 2024). Profit margin: 2.7% (up from 0.5% in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.공시 • Sep 03Kogi Corporation to Report Q2, 2025 Results on Oct 30, 2024Kogi Corporation announced that they will report Q2, 2025 results on Oct 30, 2024New 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 6.5% 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 Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.5% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (JP¥3.11b market cap, or US$21.8m).Reported Earnings • Aug 02First quarter 2025 earnings released: EPS: JP¥11.32 (vs JP¥48.03 in 1Q 2024)First quarter 2025 results: EPS: JP¥11.32 (down from JP¥48.03 in 1Q 2024). Revenue: JP¥6.42b (flat on 1Q 2024). Net income: JP¥37.0m (down 76% from 1Q 2024). Profit margin: 0.6% (down from 2.5% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.공시 • Jun 29Kogi Corporation to Report Q1, 2025 Results on Jul 31, 2024Kogi Corporation announced that they will report Q1, 2025 results on Jul 31, 2024Reported Earnings • May 13Full year 2024 earnings released: EPS: JP¥165 (vs JP¥142 in FY 2023)Full year 2024 results: EPS: JP¥165 (up from JP¥142 in FY 2023). Revenue: JP¥26.0b (down 2.9% from FY 2023). Net income: JP¥538.0m (up 16% from FY 2023). Profit margin: 2.1% (up from 1.7% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.공시 • May 12Kogi Corporation, Annual General Meeting, Jun 26, 2024Kogi Corporation, Annual General Meeting, Jun 26, 2024.분석 기사 • May 10Earnings Working Against Kogi Corporation's (TSE:5603) Share PriceWhen close to half the companies in Japan have price-to-earnings ratios (or "P/E's") above 15x, you may consider Kogi...공시 • Mar 28Kogi Corporation to Report Fiscal Year 2024 Results on May 10, 2024Kogi Corporation announced that they will report fiscal year 2024 results on May 10, 2024Upcoming Dividend • Mar 21Upcoming dividend of JP¥60.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 20% but the company is not cash flow positive. Trailing yield: 3.3%. Within top quartile of Japanese dividend payers (3.2%). In line with average of industry peers (3.5%).Reported Earnings • Feb 02Third quarter 2024 earnings released: EPS: JP¥61.44 (vs JP¥60.84 in 3Q 2023)Third quarter 2024 results: EPS: JP¥61.44 (up from JP¥60.84 in 3Q 2023). Revenue: JP¥6.77b (down 2.3% from 3Q 2023). Net income: JP¥201.0m (up 1.0% from 3Q 2023). Profit margin: 3.0% (in line with 3Q 2023). 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 10% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Feb 01Investor sentiment improves as stock rises 22%After last week's 22% share price gain to JP¥1,500, the stock trades at a trailing P/E ratio of 8.7x. Average trailing P/E is 10x in the Metals and Mining industry in Japan. Total returns to shareholders of 44% over the past three years.공시 • Dec 09Kogi Corporation to Report Q3, 2024 Results on Jan 31, 2024Kogi Corporation announced that they will report Q3, 2024 results on Jan 31, 2024Reported Earnings • Nov 02Second quarter 2024 earnings released: EPS: JP¥8.56 (vs JP¥12.22 in 2Q 2023)Second quarter 2024 results: EPS: JP¥8.56 (down from JP¥12.22 in 2Q 2023). Revenue: JP¥6.20b (down 5.9% from 2Q 2023). Net income: JP¥28.0m (down 30% from 2Q 2023). Profit margin: 0.5% (down from 0.6% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.New Risk • Nov 01New 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 7.4% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (7.4% average weekly change). Earnings have declined by 23% 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¥3.88b market cap, or US$25.7m).Valuation Update With 7 Day Price Move • Nov 01Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to JP¥1,187, the stock trades at a trailing P/E ratio of 6.8x. Average trailing P/E is 9x in the Metals and Mining industry in Japan. Negligible returns to shareholders over past three years.공시 • Aug 27Kogi Corporation to Report Q2, 2024 Results on Oct 31, 2023Kogi Corporation announced that they will report Q2, 2024 results on Oct 31, 2023New Risk • Aug 08New 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 5.6% 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 23% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.6% average weekly change). Market cap is less than US$100m (JP¥4.53b market cap, or US$31.8m).Reported Earnings • Aug 01First quarter 2024 earnings released: EPS: JP¥48.01 (vs JP¥15.13 in 1Q 2023)First quarter 2024 results: EPS: JP¥48.01 (up from JP¥15.13 in 1Q 2023). Revenue: JP¥6.38b (up 5.3% from 1Q 2023). Net income: JP¥157.0m (up 214% from 1Q 2023). Profit margin: 2.5% (up from 0.8% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.공시 • Jun 28Kogi Corporation to Report Q1, 2024 Results on Jul 31, 2023Kogi Corporation announced that they will report Q1, 2024 results on Jul 31, 2023공시 • May 13Kogi Corporation, Annual General Meeting, Jun 28, 2023Kogi Corporation, Annual General Meeting, Jun 28, 2023.Reported Earnings • May 12Full year 2023 earnings released: EPS: JP¥142 (vs JP¥12.98 in FY 2022)Full year 2023 results: EPS: JP¥142 (up from JP¥12.98 in FY 2022). Revenue: JP¥26.7b (up 16% from FY 2022). Net income: JP¥466.0m (up JP¥423.0m from FY 2022). Profit margin: 1.7% (up from 0.2% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.Upcoming Dividend • Mar 23Upcoming dividend of JP¥35.00 per share at 2.5% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 29 June 2023. Payout ratio is a comfortable 9.2% but the company is not cash flow positive. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (4.6%).Reported Earnings • Feb 01Third quarter 2023 earnings released: EPS: JP¥60.83 (vs JP¥12.07 in 3Q 2022)Third quarter 2023 results: EPS: JP¥60.83 (up from JP¥12.07 in 3Q 2022). Revenue: JP¥6.92b (up 14% from 3Q 2022). Net income: JP¥199.0m (up 398% from 3Q 2022). Profit margin: 2.9% (up from 0.7% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.공시 • Dec 30Kogi Corporation to Report Q3, 2023 Results on Jan 31, 2023Kogi Corporation announced that they will report Q3, 2023 results on Jan 31, 2023Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 7 non-independent directors. Independent Outside Director Koji Matsuyama 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 02Second quarter 2023 earnings released: EPS: JP¥12.22 (vs JP¥13.58 loss in 2Q 2022)Second quarter 2023 results: EPS: JP¥12.22 (up from JP¥13.58 loss in 2Q 2022). Revenue: JP¥6.59b (up 16% from 2Q 2022). Net income: JP¥40.0m (up JP¥85.0m from 2Q 2022). Profit margin: 0.6% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings.공시 • Sep 30Kogi Corporation to Report Q2, 2023 Results on Oct 31, 2022Kogi Corporation announced that they will report Q2, 2023 results on Oct 31, 2022Reported Earnings • Jul 31First quarter 2023 earnings released: EPS: JP¥15.13 (vs JP¥6.04 loss in 1Q 2022)First quarter 2023 results: EPS: JP¥15.13 (up from JP¥6.04 loss in 1Q 2022). Revenue: JP¥6.06b (up 23% from 1Q 2022). Net income: JP¥50.0m (up JP¥70.0m from 1Q 2022). Profit margin: 0.8% (up from net loss in 1Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.공시 • Jun 29Kogi Corporation to Report Q1, 2023 Results on Jul 29, 2022Kogi Corporation announced that they will report Q1, 2023 results on Jul 29, 2022공시 • May 12+ 1 more updateKogi Corporation, Annual General Meeting, Jun 28, 2022Kogi Corporation, Annual General Meeting, Jun 28, 2022.Reported Earnings • May 11Full year 2022 earnings released: EPS: JP¥12.97 (vs JP¥86.00 in FY 2021)Full year 2022 results: EPS: JP¥12.97 (down from JP¥86.00 in FY 2021). Revenue: JP¥23.1b (up 28% from FY 2021). Net income: JP¥43.0m (down 85% from FY 2021). Profit margin: 0.2% (down from 1.6% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance.Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 7 non-independent directors. Independent Outside Director Koji Matsuyama 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 08Kogi Corporation to Report Fiscal Year 2022 Results on May 10, 2022Kogi Corporation announced that they will report fiscal year 2022 results on May 10, 2022Upcoming Dividend • Mar 23Upcoming dividend of JP¥10.00 per shareEligible shareholders must have bought the stock before 30 March 2022. Payment date: 28 June 2022. Payout ratio is a comfortable 35% but the company is paying out more than the cash it is generating. Trailing yield: 1.0%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (4.7%).Reported Earnings • Jan 30Third quarter 2022 earnings: Revenues and EPS in line with analyst expectationsThird quarter 2022 results: EPS: JP¥12.07 (down from JP¥24.14 in 3Q 2021). Revenue: JP¥6.06b (up 37% from 3Q 2021). Net income: JP¥40.0m (down 50% from 3Q 2021). Profit margin: 0.7% (down from 1.8% in 3Q 2021). 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 fallen by 62% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.Valuation Update With 7 Day Price Move • Nov 18Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to JP¥1,069, the stock trades at a trailing P/E ratio of 15.5x. Average trailing P/E is 9x in the Metals and Mining industry in Japan. Total loss to shareholders of 25% over the past three years.Reported Earnings • Aug 03First quarter 2022 earnings released: JP¥6.03 loss per share (vs JP¥4.53 profit in 1Q 2021)The company reported a soft first quarter result with weaker earnings and weaker control over costs, although revenues improved. First quarter 2022 results: Revenue: JP¥4.92b (up 16% from 1Q 2021). Net loss: JP¥20.0m (down 233% from profit in 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 50 percentage points per year, which is a significant difference in performance.Reported Earnings • May 12Full year 2021 earnings released: EPS JP¥85.99 (vs JP¥30.78 in FY 2020)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥18.1b (down 15% from FY 2020). Net income: JP¥285.0m (up 179% from FY 2020). Profit margin: 1.6% (up from 0.5% in FY 2020). The increase in margin 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 47 percentage points per year, which is a significant difference in performance.공시 • Mar 04Kogi Corporation to Report Fiscal Year 2021 Results on May 10, 2021Kogi Corporation announced that they will report fiscal year 2021 results on May 10, 2021Is New 90 Day High Low • Mar 03New 90-day high: JP¥1,238The company is up 1.0% from its price of JP¥1,226 on 03 December 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 16% over the same period.Reported Earnings • Feb 03Third quarter 2021 earnings released: EPS JP¥24.13 (vs JP¥6.04 in 3Q 2020)The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: JP¥4.44b (down 11% from 3Q 2020). Net income: JP¥80.0m (up 300% from 3Q 2020). Profit margin: 1.8% (up from 0.4% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 64% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings.Is New 90 Day High Low • Dec 15New 90-day low: JP¥1,175The company is down 15% from its price of JP¥1,389 on 16 September 2020. The Japanese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 11% over the same period.공시 • Sep 03Kogi Corporation to Report Q2, 2021 Results on Oct 30, 2020Kogi Corporation announced that they will report Q2, 2021 results on Oct 30, 2020매출 및 비용 세부 내역Kogi가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이TSE:5603 매출, 비용 및 순이익 (JPY Millions)날짜매출순이익일반관리비연구개발비31 Mar 2625,6884703,413031 Dec 2525,8975023,01227430 Sep 2526,2349002,99627430 Jun 2526,0859662,92327431 Mar 2526,3177982,85727431 Dec 2426,1508302,89621130 Sep 2426,3045642,77921130 Jun 2425,9974182,67721131 Mar 2425,9635382,59021131 Dec 2326,4985632,46626430 Sep 2326,6575612,49226430 Jun 2327,0495732,51226431 Mar 2326,7264662,53526431 Dec 2226,0113572,46128530 Sep 2225,1471982,41428530 Jun 2224,2621132,37528531 Mar 2223,117432,28928531 Dec 2121,8121892,30225230 Sep 2120,1902292,17325230 Jun 2118,7492502,02425231 Mar 2118,0682852,01325231 Dec 2018,169-452,05221030 Sep 2018,702-1052,21321030 Jun 2020,02952,39221031 Mar 2021,2591022,47421031 Dec 1922,1983982,53425630 Sep 1923,5166162,50425630 Jun 1923,9046752,50625631 Mar 1924,0137342,49725631 Dec 1824,2497132,57615230 Sep 1824,2197062,56215230 Jun 1823,7066572,49615231 Mar 1822,9426572,46015231 Dec 1722,1807372,5144930 Sep 1720,8791622,4264930 Jun 1720,2773072,3474931 Mar 1719,7723702,2274931 Dec 1619,3313422,1693730 Sep 1619,2268122,1613730 Jun 1619,1166692,1523731 Mar 1619,3165402,1423731 Dec 1519,5654482,1153630 Sep 1519,5393712,0753630 Jun 1519,6562682,04236양질의 수익: 5603는 고품질 수익을 보유하고 있습니다.이익 마진 증가: 5603의 현재 순 이익률 (1.8%)은 지난해 (3%)보다 낮습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: 5603의 수익은 지난 5년 동안 연평균 27.6%로 크게 증가했습니다.성장 가속화: 5603은 지난 1년 동안 수익이 감소하여 5년 평균과 비교할 수 없습니다.수익 대 산업: 5603은 지난 1년 동안 수익이 감소(-41.1%)하여 Metals and Mining 업계 평균(8.5%)과 비교하기 어렵습니다.자기자본이익률높은 ROE: 5603의 자본 수익률(2.7%)은 낮음으로 평가됩니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YMaterials 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/06/09 07:18종가2026/06/09 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 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.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 소스Kogi Corporation는 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 • May 13Full year 2026 earnings released: EPS: JP¥143 (vs JP¥244 in FY 2025)Full year 2026 results: EPS: JP¥143 (down from JP¥244 in FY 2025). Revenue: JP¥25.7b (down 2.4% from FY 2025). Net income: JP¥470.0m (down 41% from FY 2025). Profit margin: 1.8% (down from 3.0% in FY 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
공시 • May 09Kogi Corporation to Report Fiscal Year 2026 Results on May 11, 2026Kogi Corporation announced that they will report fiscal year 2026 results on May 11, 2026
Reported Earnings • Jan 31Third quarter 2026 earnings released: EPS: JP¥21.02 (vs JP¥143 in 3Q 2025)Third quarter 2026 results: EPS: JP¥21.02 (down from JP¥143 in 3Q 2025). Revenue: JP¥6.27b (down 5.1% from 3Q 2025). Net income: JP¥69.0m (down 85% from 3Q 2025). Profit margin: 1.1% (down from 7.1% in 3Q 2025). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
공시 • Dec 18Kogi Corporation to Report Q3, 2026 Results on Jan 30, 2026Kogi Corporation announced that they will report Q3, 2026 results on Jan 30, 2026
분석 기사 • Nov 19Kogi's (TSE:5603) Shareholders May Want To Dig Deeper Than Statutory ProfitKogi Corporation's ( TSE:5603 ) healthy profit numbers didn't contain any surprises for investors. However the...
Reported Earnings • Nov 02Second quarter 2026 earnings released: EPS: JP¥32.92 (vs JP¥53.24 in 2Q 2025)Second quarter 2026 results: EPS: JP¥32.92 (down from JP¥53.24 in 2Q 2025). Revenue: JP¥6.66b (up 2.3% from 2Q 2025). Net income: JP¥108.0m (down 38% from 2Q 2025). Profit margin: 1.6% (down from 2.7% in 2Q 2025). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.
Reported Earnings • May 13Full year 2026 earnings released: EPS: JP¥143 (vs JP¥244 in FY 2025)Full year 2026 results: EPS: JP¥143 (down from JP¥244 in FY 2025). Revenue: JP¥25.7b (down 2.4% from FY 2025). Net income: JP¥470.0m (down 41% from FY 2025). Profit margin: 1.8% (down from 3.0% in FY 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
공시 • May 11Kogi Corporation, Annual General Meeting, Jun 26, 2026Kogi Corporation, Annual General Meeting, Jun 26, 2026.
공시 • May 09Kogi Corporation to Report Fiscal Year 2026 Results on May 11, 2026Kogi Corporation announced that they will report fiscal year 2026 results on May 11, 2026
Upcoming Dividend • Mar 23Upcoming dividend of JP¥50.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 29 June 2026. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.5%).
New Risk • Mar 18New 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 6.3% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.3% average weekly change). Profit margins are more than 30% lower than last year (1.9% net profit margin). Market cap is less than US$100m (JP¥5.38b market cap, or US$33.8m).
Valuation Update With 7 Day Price Move • Mar 17Investor sentiment improves as stock rises 23%After last week's 23% share price gain to JP¥1,628, the stock trades at a trailing P/E ratio of 10.6x. Average trailing P/E is 13x in the Metals and Mining industry in Japan. Total returns to shareholders of 84% over the past three years.
Reported Earnings • Jan 31Third quarter 2026 earnings released: EPS: JP¥21.02 (vs JP¥143 in 3Q 2025)Third quarter 2026 results: EPS: JP¥21.02 (down from JP¥143 in 3Q 2025). Revenue: JP¥6.27b (down 5.1% from 3Q 2025). Net income: JP¥69.0m (down 85% from 3Q 2025). Profit margin: 1.1% (down from 7.1% in 3Q 2025). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
공시 • Dec 18Kogi Corporation to Report Q3, 2026 Results on Jan 30, 2026Kogi Corporation announced that they will report Q3, 2026 results on Jan 30, 2026
분석 기사 • Nov 19Kogi's (TSE:5603) Shareholders May Want To Dig Deeper Than Statutory ProfitKogi Corporation's ( TSE:5603 ) healthy profit numbers didn't contain any surprises for investors. However the...
Reported Earnings • Nov 02Second quarter 2026 earnings released: EPS: JP¥32.92 (vs JP¥53.24 in 2Q 2025)Second quarter 2026 results: EPS: JP¥32.92 (down from JP¥53.24 in 2Q 2025). Revenue: JP¥6.66b (up 2.3% from 2Q 2025). Net income: JP¥108.0m (down 38% from 2Q 2025). Profit margin: 1.6% (down from 2.7% in 2Q 2025). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.
공시 • Sep 01Kogi Corporation to Report Q2, 2026 Results on Oct 31, 2025Kogi Corporation announced that they will report Q2, 2026 results on Oct 31, 2025
Reported Earnings • Aug 02First quarter 2026 earnings released: EPS: JP¥62.69 (vs JP¥11.32 in 1Q 2025)First quarter 2026 results: EPS: JP¥62.69 (up from JP¥11.32 in 1Q 2025). Revenue: JP¥6.19b (down 3.6% from 1Q 2025). Net income: JP¥205.0m (up 454% from 1Q 2025). Profit margin: 3.3% (up from 0.6% in 1Q 2025). 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 7% per year, which means it is significantly lagging earnings growth.
공시 • Jun 27Kogi Corporation to Report Q1, 2026 Results on Jul 31, 2025Kogi Corporation announced that they will report Q1, 2026 results on Jul 31, 2025
분석 기사 • May 15Kogi's (TSE:5603) Performance Is Even Better Than Its Earnings SuggestInvestors were underwhelmed by the solid earnings posted by Kogi Corporation ( TSE:5603 ) recently. We did some digging...
분석 기사 • May 09Kogi Corporation (TSE:5603) Might Not Be As Mispriced As It LooksWhen close to half the companies in Japan have price-to-earnings ratios (or "P/E's") above 14x, you may consider Kogi...
Reported Earnings • May 09Full year 2025 earnings released: EPS: JP¥244 (vs JP¥165 in FY 2024)Full year 2025 results: EPS: JP¥244 (up from JP¥165 in FY 2024). Revenue: JP¥26.3b (up 1.4% from FY 2024). Net income: JP¥798.0m (up 48% from FY 2024). Profit margin: 3.0% (up from 2.1% in FY 2024). Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
공시 • May 08Kogi Corporation, Annual General Meeting, Jun 26, 2025Kogi Corporation, Annual General Meeting, Jun 26, 2025.
Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to JP¥1,054, the stock trades at a trailing P/E ratio of 4.2x. Average trailing P/E is 9x in the Metals and Mining industry in Japan. Total returns to shareholders of 26% over the past three years.
Upcoming Dividend • Mar 21Upcoming dividend of JP¥60.00 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 27 June 2025. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 4.4%. Within top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (4.1%).
공시 • Mar 04Kogi Corporation to Report Fiscal Year 2025 Results on May 08, 2025Kogi Corporation announced that they will report fiscal year 2025 results on May 08, 2025
Reported Earnings • Feb 01Third quarter 2025 earnings released: EPS: JP¥143 (vs JP¥61.49 in 3Q 2024)Third quarter 2025 results: EPS: JP¥143 (up from JP¥61.49 in 3Q 2024). Revenue: JP¥6.61b (down 2.3% from 3Q 2024). Net income: JP¥467.0m (up 132% from 3Q 2024). Profit margin: 7.1% (up from 3.0% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.
공시 • Jan 03Kogi Corporation to Report Q3, 2025 Results on Jan 31, 2025Kogi Corporation announced that they will report Q3, 2025 results on Jan 31, 2025
분석 기사 • Nov 06Some Investors May Be Willing To Look Past Kogi's (TSE:5603) Soft EarningsShareholders appeared unconcerned with Kogi Corporation's ( TSE:5603 ) lackluster earnings report last week. We did...
Reported Earnings • Nov 01Second quarter 2025 earnings released: EPS: JP¥53.21 (vs JP¥8.57 in 2Q 2024)Second quarter 2025 results: EPS: JP¥53.21 (up from JP¥8.57 in 2Q 2024). Revenue: JP¥6.51b (up 5.0% from 2Q 2024). Net income: JP¥174.0m (up JP¥146.0m from 2Q 2024). Profit margin: 2.7% (up from 0.5% in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
공시 • Sep 03Kogi Corporation to Report Q2, 2025 Results on Oct 30, 2024Kogi Corporation announced that they will report Q2, 2025 results on Oct 30, 2024
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 6.5% 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 Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.5% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (JP¥3.11b market cap, or US$21.8m).
Reported Earnings • Aug 02First quarter 2025 earnings released: EPS: JP¥11.32 (vs JP¥48.03 in 1Q 2024)First quarter 2025 results: EPS: JP¥11.32 (down from JP¥48.03 in 1Q 2024). Revenue: JP¥6.42b (flat on 1Q 2024). Net income: JP¥37.0m (down 76% from 1Q 2024). Profit margin: 0.6% (down from 2.5% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
공시 • Jun 29Kogi Corporation to Report Q1, 2025 Results on Jul 31, 2024Kogi Corporation announced that they will report Q1, 2025 results on Jul 31, 2024
Reported Earnings • May 13Full year 2024 earnings released: EPS: JP¥165 (vs JP¥142 in FY 2023)Full year 2024 results: EPS: JP¥165 (up from JP¥142 in FY 2023). Revenue: JP¥26.0b (down 2.9% from FY 2023). Net income: JP¥538.0m (up 16% from FY 2023). Profit margin: 2.1% (up from 1.7% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
공시 • May 12Kogi Corporation, Annual General Meeting, Jun 26, 2024Kogi Corporation, Annual General Meeting, Jun 26, 2024.
분석 기사 • May 10Earnings Working Against Kogi Corporation's (TSE:5603) Share PriceWhen close to half the companies in Japan have price-to-earnings ratios (or "P/E's") above 15x, you may consider Kogi...
공시 • Mar 28Kogi Corporation to Report Fiscal Year 2024 Results on May 10, 2024Kogi Corporation announced that they will report fiscal year 2024 results on May 10, 2024
Upcoming Dividend • Mar 21Upcoming dividend of JP¥60.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 20% but the company is not cash flow positive. Trailing yield: 3.3%. Within top quartile of Japanese dividend payers (3.2%). In line with average of industry peers (3.5%).
Reported Earnings • Feb 02Third quarter 2024 earnings released: EPS: JP¥61.44 (vs JP¥60.84 in 3Q 2023)Third quarter 2024 results: EPS: JP¥61.44 (up from JP¥60.84 in 3Q 2023). Revenue: JP¥6.77b (down 2.3% from 3Q 2023). Net income: JP¥201.0m (up 1.0% from 3Q 2023). Profit margin: 3.0% (in line with 3Q 2023). 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 10% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Feb 01Investor sentiment improves as stock rises 22%After last week's 22% share price gain to JP¥1,500, the stock trades at a trailing P/E ratio of 8.7x. Average trailing P/E is 10x in the Metals and Mining industry in Japan. Total returns to shareholders of 44% over the past three years.
공시 • Dec 09Kogi Corporation to Report Q3, 2024 Results on Jan 31, 2024Kogi Corporation announced that they will report Q3, 2024 results on Jan 31, 2024
Reported Earnings • Nov 02Second quarter 2024 earnings released: EPS: JP¥8.56 (vs JP¥12.22 in 2Q 2023)Second quarter 2024 results: EPS: JP¥8.56 (down from JP¥12.22 in 2Q 2023). Revenue: JP¥6.20b (down 5.9% from 2Q 2023). Net income: JP¥28.0m (down 30% from 2Q 2023). Profit margin: 0.5% (down from 0.6% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
New Risk • Nov 01New 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 7.4% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (7.4% average weekly change). Earnings have declined by 23% 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¥3.88b market cap, or US$25.7m).
Valuation Update With 7 Day Price Move • Nov 01Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to JP¥1,187, the stock trades at a trailing P/E ratio of 6.8x. Average trailing P/E is 9x in the Metals and Mining industry in Japan. Negligible returns to shareholders over past three years.
공시 • Aug 27Kogi Corporation to Report Q2, 2024 Results on Oct 31, 2023Kogi Corporation announced that they will report Q2, 2024 results on Oct 31, 2023
New Risk • Aug 08New 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 5.6% 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 23% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.6% average weekly change). Market cap is less than US$100m (JP¥4.53b market cap, or US$31.8m).
Reported Earnings • Aug 01First quarter 2024 earnings released: EPS: JP¥48.01 (vs JP¥15.13 in 1Q 2023)First quarter 2024 results: EPS: JP¥48.01 (up from JP¥15.13 in 1Q 2023). Revenue: JP¥6.38b (up 5.3% from 1Q 2023). Net income: JP¥157.0m (up 214% from 1Q 2023). Profit margin: 2.5% (up from 0.8% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
공시 • Jun 28Kogi Corporation to Report Q1, 2024 Results on Jul 31, 2023Kogi Corporation announced that they will report Q1, 2024 results on Jul 31, 2023
공시 • May 13Kogi Corporation, Annual General Meeting, Jun 28, 2023Kogi Corporation, Annual General Meeting, Jun 28, 2023.
Reported Earnings • May 12Full year 2023 earnings released: EPS: JP¥142 (vs JP¥12.98 in FY 2022)Full year 2023 results: EPS: JP¥142 (up from JP¥12.98 in FY 2022). Revenue: JP¥26.7b (up 16% from FY 2022). Net income: JP¥466.0m (up JP¥423.0m from FY 2022). Profit margin: 1.7% (up from 0.2% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥35.00 per share at 2.5% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 29 June 2023. Payout ratio is a comfortable 9.2% but the company is not cash flow positive. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (4.6%).
Reported Earnings • Feb 01Third quarter 2023 earnings released: EPS: JP¥60.83 (vs JP¥12.07 in 3Q 2022)Third quarter 2023 results: EPS: JP¥60.83 (up from JP¥12.07 in 3Q 2022). Revenue: JP¥6.92b (up 14% from 3Q 2022). Net income: JP¥199.0m (up 398% from 3Q 2022). Profit margin: 2.9% (up from 0.7% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.
공시 • Dec 30Kogi Corporation to Report Q3, 2023 Results on Jan 31, 2023Kogi Corporation announced that they will report Q3, 2023 results on Jan 31, 2023
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 7 non-independent directors. Independent Outside Director Koji Matsuyama 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 02Second quarter 2023 earnings released: EPS: JP¥12.22 (vs JP¥13.58 loss in 2Q 2022)Second quarter 2023 results: EPS: JP¥12.22 (up from JP¥13.58 loss in 2Q 2022). Revenue: JP¥6.59b (up 16% from 2Q 2022). Net income: JP¥40.0m (up JP¥85.0m from 2Q 2022). Profit margin: 0.6% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings.
공시 • Sep 30Kogi Corporation to Report Q2, 2023 Results on Oct 31, 2022Kogi Corporation announced that they will report Q2, 2023 results on Oct 31, 2022
Reported Earnings • Jul 31First quarter 2023 earnings released: EPS: JP¥15.13 (vs JP¥6.04 loss in 1Q 2022)First quarter 2023 results: EPS: JP¥15.13 (up from JP¥6.04 loss in 1Q 2022). Revenue: JP¥6.06b (up 23% from 1Q 2022). Net income: JP¥50.0m (up JP¥70.0m from 1Q 2022). Profit margin: 0.8% (up from net loss in 1Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.
공시 • Jun 29Kogi Corporation to Report Q1, 2023 Results on Jul 29, 2022Kogi Corporation announced that they will report Q1, 2023 results on Jul 29, 2022
공시 • May 12+ 1 more updateKogi Corporation, Annual General Meeting, Jun 28, 2022Kogi Corporation, Annual General Meeting, Jun 28, 2022.
Reported Earnings • May 11Full year 2022 earnings released: EPS: JP¥12.97 (vs JP¥86.00 in FY 2021)Full year 2022 results: EPS: JP¥12.97 (down from JP¥86.00 in FY 2021). Revenue: JP¥23.1b (up 28% from FY 2021). Net income: JP¥43.0m (down 85% from FY 2021). Profit margin: 0.2% (down from 1.6% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance.
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 7 non-independent directors. Independent Outside Director Koji Matsuyama 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 08Kogi Corporation to Report Fiscal Year 2022 Results on May 10, 2022Kogi Corporation announced that they will report fiscal year 2022 results on May 10, 2022
Upcoming Dividend • Mar 23Upcoming dividend of JP¥10.00 per shareEligible shareholders must have bought the stock before 30 March 2022. Payment date: 28 June 2022. Payout ratio is a comfortable 35% but the company is paying out more than the cash it is generating. Trailing yield: 1.0%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (4.7%).
Reported Earnings • Jan 30Third quarter 2022 earnings: Revenues and EPS in line with analyst expectationsThird quarter 2022 results: EPS: JP¥12.07 (down from JP¥24.14 in 3Q 2021). Revenue: JP¥6.06b (up 37% from 3Q 2021). Net income: JP¥40.0m (down 50% from 3Q 2021). Profit margin: 0.7% (down from 1.8% in 3Q 2021). 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 fallen by 62% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.
Valuation Update With 7 Day Price Move • Nov 18Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to JP¥1,069, the stock trades at a trailing P/E ratio of 15.5x. Average trailing P/E is 9x in the Metals and Mining industry in Japan. Total loss to shareholders of 25% over the past three years.
Reported Earnings • Aug 03First quarter 2022 earnings released: JP¥6.03 loss per share (vs JP¥4.53 profit in 1Q 2021)The company reported a soft first quarter result with weaker earnings and weaker control over costs, although revenues improved. First quarter 2022 results: Revenue: JP¥4.92b (up 16% from 1Q 2021). Net loss: JP¥20.0m (down 233% from profit in 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 50 percentage points per year, which is a significant difference in performance.
Reported Earnings • May 12Full year 2021 earnings released: EPS JP¥85.99 (vs JP¥30.78 in FY 2020)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥18.1b (down 15% from FY 2020). Net income: JP¥285.0m (up 179% from FY 2020). Profit margin: 1.6% (up from 0.5% in FY 2020). The increase in margin 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 47 percentage points per year, which is a significant difference in performance.
공시 • Mar 04Kogi Corporation to Report Fiscal Year 2021 Results on May 10, 2021Kogi Corporation announced that they will report fiscal year 2021 results on May 10, 2021
Is New 90 Day High Low • Mar 03New 90-day high: JP¥1,238The company is up 1.0% from its price of JP¥1,226 on 03 December 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 16% over the same period.
Reported Earnings • Feb 03Third quarter 2021 earnings released: EPS JP¥24.13 (vs JP¥6.04 in 3Q 2020)The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: JP¥4.44b (down 11% from 3Q 2020). Net income: JP¥80.0m (up 300% from 3Q 2020). Profit margin: 1.8% (up from 0.4% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 64% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings.
Is New 90 Day High Low • Dec 15New 90-day low: JP¥1,175The company is down 15% from its price of JP¥1,389 on 16 September 2020. The Japanese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 11% over the same period.
공시 • Sep 03Kogi Corporation to Report Q2, 2021 Results on Oct 30, 2020Kogi Corporation announced that they will report Q2, 2021 results on Oct 30, 2020