View ValuationNippon Ceramic 향후 성장Future 기준 점검 0/6Nippon Ceramic 의 수익은 연간 8.2% 감소할 것으로 예상되는 반면, 연간 수익은 5.3% 로 증가할 것으로 예상됩니다. EPS는 연간 4.7% 만큼 쇠퇴할 것으로 예상됩니다. 자기자본이익률은 3년 후 13.2% 로 예상됩니다.핵심 정보-8.2%이익 성장률-4.66%EPS 성장률Electronic 이익 성장12.6%매출 성장률5.3%향후 자기자본이익률13.17%애널리스트 커버리지Low마지막 업데이트08 May 2026최근 향후 성장 업데이트Price Target Changed • May 12Price target increased by 7.6% to JP¥3,550Up from JP¥3,300, the current price target is an average from 2 analysts. New target price is 22% above last closing price of JP¥2,900. Stock is up 15% over the past year. The company is forecast to post earnings per share of JP¥211 for next year compared to JP¥181 last year.Price Target Changed • Mar 13Price target increased by 10% to JP¥3,300Up from JP¥3,000, the current price target is an average from 2 analysts. New target price is 13% above last closing price of JP¥2,912. Stock is up 9.4% over the past year. The company is forecast to post earnings per share of JP¥197 for next year compared to JP¥181 last year.Price Target Changed • Sep 12Price target decreased by 7.9% to JP¥2,900Down from JP¥3,150, the current price target is an average from 2 analysts. New target price is 18% above last closing price of JP¥2,462. Stock is down 4.7% over the past year. The company is forecast to post earnings per share of JP¥161 for next year compared to JP¥157 last year.Price Target Changed • Dec 08Price target decreased by 12% to JP¥2,550Down from JP¥2,900, the current price target is provided by 1 analyst. New target price is 8.8% below last closing price of JP¥2,796. Stock is up 7.7% over the past year. The company is forecast to post earnings per share of JP¥162 for next year compared to JP¥206 last year.Price Target Changed • Nov 03Price target decreased by 8.7% to JP¥2,900Down from JP¥3,175, the current price target is an average from 2 analysts. New target price is 9.9% above last closing price of JP¥2,638. Stock is up 2.8% over the past year. The company is forecast to post earnings per share of JP¥160 for next year compared to JP¥206 last year.공지 • Nov 05+ 1 more updateNippon Ceramic Co., Ltd. Provides Consolidated Earnings Forecasts for the Period from January 1, 2022 to December 31, 2022Nippon Ceramic Co., Ltd. provided Consolidated earnings forecasts for the period from January 1, 2022 to December 31, 2022. For the period, the company expected net sales of JPY 22,500 million, Operating income of JPY 4,200 million, Net income attributable to owners of parent of JPY 5,800 million and Net income per share of JPY 234.66.모든 업데이트 보기Recent updates공지 • May 10+ 1 more updateNippon Ceramic Co., Ltd. to Report Q3, 2026 Results on Nov 06, 2026Nippon Ceramic Co., Ltd. announced that they will report Q3, 2026 results on Nov 06, 2026Reported Earnings • May 09First quarter 2026 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2026 results: EPS: JP¥63.09 (up from JP¥49.28 in 1Q 2025). Revenue: JP¥6.57b (down 1.1% from 1Q 2025). Net income: JP¥1.33b (up 23% from 1Q 2025). Profit margin: 20% (up from 16% in 1Q 2025). Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) exceeded analyst estimates by 18%. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.공지 • May 08+ 1 more updateNippon Ceramic Co., Ltd. to Report Q1, 2026 Results on May 08, 2026Nippon Ceramic Co., Ltd. announced that they will report Q1, 2026 results on May 08, 2026Buy Or Sell Opportunity • Mar 13Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 3.4% to JP¥3,555. The fair value is estimated to be JP¥4,458, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.9% over the last 3 years. Earnings per share has grown by 22%. For the next 3 years, revenue is forecast to grow by 6.4% per annum. Earnings are forecast to decline by 8.9% per annum over the same time period.New Risk • Feb 10New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 21% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 12% per year for the foreseeable future. High level of non-cash earnings (21% accrual ratio). Minor Risk Dividend is not well covered by cash flows (96% cash payout ratio).Reported Earnings • Feb 07Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: JP¥325 (up from JP¥181 in FY 2024). Revenue: JP¥27.3b (up 9.1% from FY 2024). Net income: JP¥7.00b (up 68% from FY 2024). Profit margin: 26% (up from 17% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.5%. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Electronic industry in Japan. 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 11% per year, which means it is significantly lagging earnings growth.공지 • Feb 06+ 1 more updateNippon Ceramic Co., Ltd., Annual General Meeting, Mar 26, 2026Nippon Ceramic Co., Ltd., Annual General Meeting, Mar 26, 2026.Upcoming Dividend • Dec 22Upcoming dividend of JP¥125 per shareEligible shareholders must have bought the stock before 29 December 2025. Payment date: 10 March 2026. Payout ratio is a comfortable 32% but the company is paying out more than the cash it is generating. Trailing yield: 3.4%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%).공지 • Dec 03Nippon Ceramic Co., Ltd. to Report Fiscal Year 2025 Results on Feb 06, 2026Nippon Ceramic Co., Ltd. announced that they will report fiscal year 2025 results on Feb 06, 2026Buy Or Sell Opportunity • Nov 18Now 21% undervaluedOver the last 90 days, the stock has risen 18% to JP¥3,690. The fair value is estimated to be JP¥4,676, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.9% over the last 3 years. Earnings per share has grown by 11%. Revenue is forecast to grow by 8.8% in 2 years. Earnings are forecast to decline by 20% in the next 2 years.분석 기사 • Nov 14Why Nippon Ceramic's (TSE:6929) Earnings Are Weaker Than They SeemDespite posting strong earnings, Nippon Ceramic Co., Ltd.'s ( TSE:6929 ) stock didn't move much over the last week. We...New Risk • Nov 12New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 21% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 9.6% per year for the foreseeable future. High level of non-cash earnings (21% accrual ratio). Minor Risk Dividend is not well covered by cash flows (101% cash payout ratio).Reported Earnings • Nov 09Third quarter 2025 earnings: EPS and revenues exceed analyst expectationsThird quarter 2025 results: EPS: JP¥64.91 (up from JP¥35.97 in 3Q 2024). Revenue: JP¥7.11b (up 12% from 3Q 2024). Net income: JP¥1.40b (up 71% from 3Q 2024). Profit margin: 20% (up from 13% in 3Q 2024). Revenue exceeded analyst estimates by 3.2%. Earnings per share (EPS) also surpassed analyst estimates by 47%. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 12% per year.공지 • Nov 09Nippon Ceramic Co., Ltd. (TSE:6929) announces an Equity Buyback for 500,000 shares, representing 2.33% for ¥1,500 million.Nippon Ceramic Co., Ltd. (TSE:6929) announces a share repurchase program. Under the program, the company will repurchase up to 500,000 shares, representing 2.33% of its issued share capital, for ¥1,500 million. The purpose of the program is to improve capital efficiency such as ROE, implement flexible capital policies in response to changes in the business environment, and enhancing return of profits to shareholders. The program will expire on January 30, 2026. As of October 31, 2025, the company had 21,481,662 shares in issue (excluding treasury shares) and 5,749,595 shares in treasury.Declared Dividend • Oct 24Dividend of JP¥125 announcedShareholders will receive a dividend of JP¥125. Ex-date: 29th December 2025 Payment date: 10th March 2026 Dividend yield will be 3.5%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (35% earnings payout ratio) but not adequately covered by cash flows (91% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 7.0% over the next 3 years. However, it would need to fall by 61% to increase the payout ratio to a potentially unsustainable range.Price Target Changed • May 12Price target increased by 7.6% to JP¥3,550Up from JP¥3,300, the current price target is an average from 2 analysts. New target price is 22% above last closing price of JP¥2,900. Stock is up 15% over the past year. The company is forecast to post earnings per share of JP¥211 for next year compared to JP¥181 last year.Reported Earnings • May 10First quarter 2025 earnings released: EPS: JP¥49.28 (vs JP¥36.78 in 1Q 2024)First quarter 2025 results: EPS: JP¥49.28 (up from JP¥36.78 in 1Q 2024). Revenue: JP¥6.64b (up 17% from 1Q 2024). Net income: JP¥1.08b (up 25% from 1Q 2024). Profit margin: 16% (up from 15% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Electronic industry in Japan. 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 8% per year, which means it is well ahead of earnings.Price Target Changed • Mar 13Price target increased by 10% to JP¥3,300Up from JP¥3,000, the current price target is an average from 2 analysts. New target price is 13% above last closing price of JP¥2,912. Stock is up 9.4% over the past year. The company is forecast to post earnings per share of JP¥197 for next year compared to JP¥181 last year.공지 • Feb 22+ 2 more updatesNippon Ceramic Co., Ltd. to Report Q3, 2025 Results on Nov 07, 2025Nippon Ceramic Co., Ltd. announced that they will report Q3, 2025 results on Nov 07, 2025Reported Earnings • Feb 08Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: JP¥181 (up from JP¥157 in FY 2023). Revenue: JP¥25.0b (up 2.4% from FY 2023). Net income: JP¥4.16b (up 13% from FY 2023). Profit margin: 17% (up from 15% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.2%. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has remained flat.공지 • Feb 07+ 1 more updateNippon Ceramic Co., Ltd., Annual General Meeting, Mar 27, 2025Nippon Ceramic Co., Ltd., Annual General Meeting, Mar 27, 2025.Upcoming Dividend • Dec 20Upcoming dividend of JP¥100.00 per shareEligible shareholders must have bought the stock before 27 December 2024. Payment date: 08 March 2025. Payout ratio is a comfortable 66% and this is well supported by cash flows. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.6%).분석 기사 • Dec 19Nippon Ceramic (TSE:6929) Has Affirmed Its Dividend Of ¥100.00Nippon Ceramic Co., Ltd. ( TSE:6929 ) will pay a dividend of ¥100.00 on the 8th of March. Based on this payment, the...분석 기사 • Dec 03Nippon Ceramic (TSE:6929) Is Paying Out A Dividend Of ¥100.00Nippon Ceramic Co., Ltd. ( TSE:6929 ) will pay a dividend of ¥100.00 on the 8th of March. This means the annual payment...공지 • Dec 03Nippon Ceramic Co., Ltd. to Report Fiscal Year 2024 Results on Feb 07, 2025Nippon Ceramic Co., Ltd. announced that they will report fiscal year 2024 results on Feb 07, 2025Reported Earnings • Nov 10Third quarter 2024 earnings: EPS misses analyst expectationsThird quarter 2024 results: EPS: JP¥35.97 (down from JP¥44.34 in 3Q 2023). Revenue: JP¥6.35b (down 3.4% from 3Q 2023). Net income: JP¥818.0m (down 22% from 3Q 2023). Profit margin: 13% (down from 16% in 3Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 14%. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.분석 기사 • Nov 08Nippon Ceramic's (TSE:6929) Dividend Will Be ¥100.00Nippon Ceramic Co., Ltd. ( TSE:6929 ) will pay a dividend of ¥100.00 on the 8th of March. The dividend yield will be...공지 • Nov 08Nippon Ceramic Co., Ltd. (TSE:6929) announces an Equity Buyback for 500,000 shares, representing 2.23% for ¥1,000 million.Nippon Ceramic Co., Ltd. (TSE:6929) announces a share repurchase program. Under the program, the company will repurchase up to 500,000 shares, representing 2.23% of its issued share capital, for ¥1,000 million. The program will expire on January 31, 2025. As of October 31, 2024, the company had 22,417,254 shares in issue (excluding treasury shares) and 4,814,003 shares in treasury.분석 기사 • Oct 15Nippon Ceramic (TSE:6929) Is Due To Pay A Dividend Of ¥100.00Nippon Ceramic Co., Ltd. ( TSE:6929 ) has announced that it will pay a dividend of ¥100.00 per share on the 8th of...분석 기사 • Sep 24Nippon Ceramic (TSE:6929) Has Affirmed Its Dividend Of ¥100.00Nippon Ceramic Co., Ltd. ( TSE:6929 ) will pay a dividend of ¥100.00 on the 8th of March. Based on this payment, the...Price Target Changed • Sep 12Price target decreased by 7.9% to JP¥2,900Down from JP¥3,150, the current price target is an average from 2 analysts. New target price is 18% above last closing price of JP¥2,462. Stock is down 4.7% over the past year. The company is forecast to post earnings per share of JP¥161 for next year compared to JP¥157 last year.분석 기사 • Aug 09We Like Nippon Ceramic's (TSE:6929) Earnings For More Than Just Statutory ProfitNippon Ceramic Co., Ltd.'s ( TSE:6929 ) recent earnings report didn't offer any surprises, with the shares unchanged...Reported Earnings • Aug 07Second quarter 2024 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2024 results: EPS: JP¥49.86 (up from JP¥41.54 in 2Q 2023). Revenue: JP¥6.45b (up 6.0% from 2Q 2023). Net income: JP¥1.16b (up 18% from 2Q 2023). Profit margin: 18% (up from 16% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 59%. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.분석 기사 • Aug 05Nippon Ceramic's (TSE:6929) Dividend Will Be ¥100.00Nippon Ceramic Co., Ltd. ( TSE:6929 ) will pay a dividend of ¥100.00 on the 8th of March. This makes the dividend yield...Declared Dividend • Aug 04Dividend of JP¥100.00 announcedDividend of JP¥100.00 is the same as last year. Ex-date: 27th December 2024 Payment date: 8th March 2025 Dividend yield will be 4.3%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (66% earnings payout ratio) and cash flows (42% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 27% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공지 • Aug 02Nippon Ceramic Co., Ltd. (TSE:6929) announces an Equity Buyback for 500,000 shares, representing 2.19% for ¥1,000 million.Nippon Ceramic Co., Ltd. (TSE:6929) announces a share repurchase program. Under the program, the company will repurchase 500,000 shares, representing 2.19% of the outstanding shares for ¥1,000 million. The purpose of the program is to improve capital efficiency such as ROE, implementing flexible capital policies in response to changes in the business environment, and enhancing return of profits to shareholders. The program will run until October 31, 2024. As of July 31, 2024, the company had 22,818,904 shares outstanding (excluding treasury stock) and 4,412,353 shares in treasury.공지 • May 21Nippon Ceramic Co., Ltd. (TSE:6929) announces an Equity Buyback for 450,000 shares, representing 1.94% for ¥1,000 million.Nippon Ceramic Co., Ltd. (TSE:6929) announces a share repurchase program. Under the program, the company will repurchase 450,000 shares, representing 1.94% of the outstanding shares for ¥1,000 million. The purpose of the program is to improve capital efficiency such as ROE, implementing flexible capital policies in response to changes in the business environment, and enhancing return of profits to shareholders. The program will run until July 31, 2024. As of May 17, 2024, the company had 23,212,680 shares outstanding (excluding treasury stock) and 4,018,577 shares in treasury.Reported Earnings • May 13First quarter 2024 earnings: EPS and revenues miss analyst expectationsFirst quarter 2024 results: EPS: JP¥36.77 (down from JP¥41.58 in 1Q 2023). Revenue: JP¥5.68b (down 2.1% from 1Q 2023). Net income: JP¥867.0m (down 12% from 1Q 2023). Profit margin: 15% (down from 17% in 1Q 2023). Revenue missed analyst estimates by 4.7%. Earnings per share (EPS) also missed analyst estimates by 3.3%. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.공지 • Mar 12Nippon Ceramic Co., Ltd. (TSE:6929) announces an Equity Buyback for 400,000 shares, representing 1.7% for ¥1,000 million.Nippon Ceramic Co., Ltd. (TSE:6929) announces a share repurchase program. Under the program, the company will repurchase 400,000 shares, representing 1.7% of the outstanding shares for ¥1,000 million. The purpose of the program is to carry out flexible capital policies in response to changes in the business environment and to enhance the return of profits to shareholders. The program will run until June 28, 2024. As of February 29, 2024, the company had 23,591,776 shares outstanding and 3,639,481 shares in treasury.공지 • Feb 24+ 1 more updateNippon Ceramic Co., Ltd. to Report Q1, 2024 Results on May 10, 2024Nippon Ceramic Co., Ltd. announced that they will report Q1, 2024 results on May 10, 2024Reported Earnings • Feb 10Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: JP¥157 (down from JP¥206 in FY 2022). Revenue: JP¥24.4b (up 5.1% from FY 2022). Net income: JP¥3.69b (down 27% from FY 2022). Profit margin: 15% (down from 22% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.1%. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.공지 • Feb 09Nippon Ceramic Co., Ltd., Annual General Meeting, Mar 27, 2024Nippon Ceramic Co., Ltd., Annual General Meeting, Mar 27, 2024.Upcoming Dividend • Dec 21Upcoming dividend of JP¥100.00 per share at 3.6% yieldEligible shareholders must have bought the stock before 28 December 2023. Payment date: 07 March 2024. Payout ratio is a comfortable 39% but the company is paying out more than the cash it is generating. Trailing yield: 3.6%. Within top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.5%).Price Target Changed • Dec 08Price target decreased by 12% to JP¥2,550Down from JP¥2,900, the current price target is provided by 1 analyst. New target price is 8.8% below last closing price of JP¥2,796. Stock is up 7.7% over the past year. The company is forecast to post earnings per share of JP¥162 for next year compared to JP¥206 last year.공지 • Dec 05Nippon Ceramic Co., Ltd. to Report Fiscal Year 2023 Results on Feb 09, 2024Nippon Ceramic Co., Ltd. announced that they will report fiscal year 2023 results on Feb 09, 2024Reported Earnings • Nov 04Third quarter 2023 earnings: EPS and revenues exceed analyst expectationsThird quarter 2023 results: EPS: JP¥44.33 (down from JP¥75.04 in 3Q 2022). Revenue: JP¥6.57b (up 7.5% from 3Q 2022). Net income: JP¥1.05b (down 43% from 3Q 2022). Profit margin: 16% (down from 30% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 5.5%. Earnings per share (EPS) also surpassed analyst estimates by 22%. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.Price Target Changed • Nov 03Price target decreased by 8.7% to JP¥2,900Down from JP¥3,175, the current price target is an average from 2 analysts. New target price is 9.9% above last closing price of JP¥2,638. Stock is up 2.8% over the past year. The company is forecast to post earnings per share of JP¥160 for next year compared to JP¥206 last year.Reported Earnings • Aug 08Second quarter 2023 earnings: EPS exceeds analyst expectationsSecond quarter 2023 results: EPS: JP¥41.54 (down from JP¥91.01 in 2Q 2022). Revenue: JP¥6.09b (up 4.1% from 2Q 2022). Net income: JP¥980.0m (down 56% from 2Q 2022). Profit margin: 16% (down from 38% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 20%. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.Reported Earnings • May 16First quarter 2023 earnings: EPS exceeds analyst expectationsFirst quarter 2023 results: EPS: JP¥41.58 (up from JP¥37.07 in 1Q 2022). Revenue: JP¥5.80b (up 13% from 1Q 2022). Net income: JP¥981.0m (up 6.1% from 1Q 2022). Profit margin: 17% (down from 18% in 1Q 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 28%. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.Reported Earnings • Mar 29Full year 2022 earnings: Revenues exceed analyst expectationsFull year 2022 results: Revenue: JP¥23.3b (up 8.9% from FY 2021). Net income: JP¥5.02b (up 78% from FY 2021). Profit margin: 22% (up from 13% in FY 2021). Revenue exceeded analyst estimates by 1.1%. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Electronic industry in Japan.Buying Opportunity • Feb 17Now 21% undervaluedOver the last 90 days, the stock is up 4.2%. The fair value is estimated to be JP¥3,450, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 33%. For the next 3 years, revenue is forecast to grow by 7.1% per annum. Earnings is forecast to decline by 7.7% per annum over the same time period.Reported Earnings • Feb 04Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2022 results: EPS: JP¥206 (up from JP¥111 in FY 2021). Revenue: JP¥23.3b (up 8.9% from FY 2021). Net income: JP¥5.02b (up 78% from FY 2021). Profit margin: 22% (up from 13% in FY 2021). Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) missed analyst estimates by 18%. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.공지 • Feb 04+ 3 more updatesNippon Ceramic Co., Ltd., Annual General Meeting, Mar 24, 2023Nippon Ceramic Co., Ltd., Annual General Meeting, Mar 24, 2023.Upcoming Dividend • Dec 22Upcoming dividend of JP¥50.00 per shareEligible shareholders must have bought the stock before 29 December 2022. Payment date: 08 March 2023. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.8%).공지 • Dec 06Nippon Ceramic Co., Ltd. to Report Fiscal Year 2022 Results on Feb 03, 2023Nippon Ceramic Co., Ltd. announced that they will report fiscal year 2022 results on Feb 03, 2023Board 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. 3 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Outside Director & Member of Audit & Supervisory Board Koichi Ikehara was the last independent director to join the board, commencing their role in 2015. 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 • Nov 06Third quarter 2022 earnings: EPS and revenues exceed analyst expectationsThird quarter 2022 results: EPS: JP¥75.03 (up from JP¥20.66 in 3Q 2021). Revenue: JP¥6.11b (up 12% from 3Q 2021). Net income: JP¥1.82b (up 248% from 3Q 2021). Profit margin: 30% (up from 9.6% in 3Q 2021). Revenue exceeded analyst estimates by 4.4%. Earnings per share (EPS) also surpassed analyst estimates by 158%. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.공지 • Nov 05+ 1 more updateNippon Ceramic Co., Ltd. Provides Consolidated Earnings Forecasts for the Period from January 1, 2022 to December 31, 2022Nippon Ceramic Co., Ltd. provided Consolidated earnings forecasts for the period from January 1, 2022 to December 31, 2022. For the period, the company expected net sales of JPY 22,500 million, Operating income of JPY 4,200 million, Net income attributable to owners of parent of JPY 5,800 million and Net income per share of JPY 234.66.Major Estimate Revision • Nov 05Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate increased from JP¥221 to JP¥251. Revenue forecast steady at JP¥22.8b. Net income forecast to grow 6.0% next year vs 5.7% growth forecast for Electronic industry in Japan. Consensus price target up from JP¥2,950 to JP¥3,050. Share price rose 3.2% to JP¥2,567 over the past week.Major Estimate Revision • Aug 19Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate increased from JP¥191 to JP¥218. Revenue forecast unchanged at JP¥22.5b. Net income forecast to shrink 1.6% next year vs 6.7% growth forecast for Electronic industry in Japan . Consensus price target of JP¥2,850 unchanged from last update. Share price rose 5.1% to JP¥2,590 over the past week.Valuation Update With 7 Day Price Move • Aug 12Investor sentiment improved over the past weekAfter last week's 15% share price gain to JP¥2,465, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 11x in the Electronic industry in Japan. Total returns to shareholders of 2.3% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,191 per share.Reported Earnings • Aug 07Second quarter 2022 earnings: EPS exceeds analyst expectationsSecond quarter 2022 results: EPS: JP¥91.00 (up from JP¥31.04 in 2Q 2021). Revenue: JP¥5.85b (up 8.2% from 2Q 2021). Net income: JP¥2.23b (up 180% from 2Q 2021). Profit margin: 38% (up from 15% in 2Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 293%. Over the next year, revenue is forecast to grow 5.3%, compared to a 9.5% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.공지 • Aug 06+ 1 more updateNippon Ceramic Co., Ltd. Provides End of Fourth Quarter Dividend Forecast for the Fiscal Year 2022Nippon Ceramic Co., Ltd. provided end of Fourth quarter dividend forecast of JPY 50.00 for the Fiscal Year 2022.Major Estimate Revision • Aug 06Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate increased from JP¥120 to JP¥191. Revenue forecast steady at JP¥22.3b. Net income forecast to grow 41% next year vs 5.9% growth forecast for Electronic industry in Japan. Consensus price target up from JP¥2,750 to JP¥2,850. Share price rose 2.5% to JP¥2,141 over the past week.Price Target Changed • Jul 15Price target decreased to JP¥2,750Down from JP¥3,000, the current price target is an average from 3 analysts. New target price is 35% above last closing price of JP¥2,034. Stock is down 30% over the past year. The company is forecast to post earnings per share of JP¥120 for next year compared to JP¥111 last year.Buying Opportunity • May 16Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 12%. The fair value is estimated to be JP¥2,745, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.4% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 14% in 2 years. Earnings is forecast to grow by 19% in the next 2 years.Reported Earnings • May 11First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2022 results: EPS: JP¥37.07 (up from JP¥30.19 in 1Q 2021). Revenue: JP¥5.13b (up 3.0% from 1Q 2021). Net income: JP¥925.0m (up 19% from 1Q 2021). Profit margin: 18% (up from 16% in 1Q 2021). Revenue missed analyst estimates by 6.1%. Earnings per share (EPS) exceeded analyst estimates by 14%. Over the next year, revenue is forecast to grow 6.1%, compared to a 8.4% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.공지 • May 08+ 1 more updateNippon Ceramic Co., Ltd. Provides Consolidated Earnings Guidance for the First Half of Fiscal Year Ending December 31, 2022; Provides Consolidated Earnings Guidance for the Fiscal Year Ending December 31, 2022Nippon Ceramic Co., Ltd. provided consolidated earnings guidance for the first half of fiscal year ending December 31, 2022. For the period, the company expects net sales of JPY 11,100 million, operating income of JPY 2,050 million, net income attributable to owners of plant of JPY 1,600 million or JPY 64.13 per share. For the year ending December 31, 2022, the company expects net sales of JPY 22,500 million, operating income of JPY 4,200 million, net income attributable to owners of plant of JPY 3,300 million or JPY 132.26 per share.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. 3 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Outside Director & Member of Audit & Supervisory Board Koichi Ikehara was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.공지 • Mar 10Nippon Ceramic Co Ordinary Shares to Be Deleted from Other OTCNippon Ceramic Co., Ltd.'s Ordinary Shares will be deleted from other OTC effective from March 8, 2022 due to Inactive Security.공지 • Feb 25Nippon Ceramic Co., Ltd. to Report Q3, 2022 Results on Nov 04, 2022Nippon Ceramic Co., Ltd. announced that they will report Q3, 2022 results on Nov 04, 2022공지 • Feb 07Nippon Ceramic Co., Ltd. (TSE:6929) announces an Equity Buyback for 700,000 shares, representing 2.79% for ¥2,000 million.Nippon Ceramic Co., Ltd. (TSE:6929) announces a share repurchase program. Under the program, the company will repurchase 700,000 shares, representing 2.79% of the outstanding shares for ¥2,000 million. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment, enhance capital efficiency and improve shareholder returns. The program will run until December 31, 2022. As of January 31, 2022, the company had 25,072,318 shares outstanding and 2,158,939 shares in treasury.Reported Earnings • Feb 07Full year 2021 earnings: EPS and revenues exceed analyst expectationsFull year 2021 results: EPS: JP¥111 (up from JP¥82.16 in FY 2020). Revenue: JP¥21.4b (up 25% from FY 2020). Net income: JP¥2.82b (up 32% from FY 2020). Profit margin: 13% (in line with FY 2020). Revenue exceeded analyst estimates by 3.4%. Earnings per share (EPS) also surpassed analyst estimates by 3.2%. Over the next year, revenue is forecast to grow 7.0%, compared to a 7.8% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 1% per year.공지 • Feb 06Nippon Ceramic Co., Ltd., Annual General Meeting, Mar 25, 2022Nippon Ceramic Co., Ltd., Annual General Meeting, Mar 25, 2022.공지 • Feb 05+ 2 more updatesNippon Ceramic Co., Ltd. Announces Year End Dividend for the Fiscal Year 2021, Payable on March 08, 2022; Provides Year End Dividend Guidance for the Fiscal Year 2022Nippon Ceramic Co., Ltd. announced year end dividend of JPY 100 per share for the fiscal year 2021 compared to JPY 70 per share paid a year ago. The dividend will be payable on March 08, 2022. Fiscal year 2021 dividend included a special dividend JPY 50 per share.The company provided year end dividend guidance for the fiscal year 2022. For the period, the company expected dividend of JPY 50 per share compared to JPY 100 per share a year ago.Upcoming Dividend • Dec 22Upcoming dividend of JP¥50.00 per shareEligible shareholders must have bought the stock before 29 December 2021. Payment date: 09 March 2022. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.1%).Reported Earnings • Nov 07Third quarter 2021 earnings released: EPS JP¥20.66 (vs JP¥20.46 in 3Q 2020)The company reported a mediocre third quarter result with weaker profit margins, although earnings were flat and revenues improved. Third quarter 2021 results: Revenue: JP¥5.45b (up 18% from 3Q 2020). Net income: JP¥523.0m (flat on 3Q 2020). Profit margin: 9.6% (down from 11% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has remained flat.Reported Earnings • Aug 09Second quarter 2021 earnings released: EPS JP¥31.04 (vs JP¥11.22 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥5.40b (up 48% from 2Q 2020). Net income: JP¥795.0m (up 174% from 2Q 2020). Profit margin: 15% (up from 8.0% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has remained flat.Reported Earnings • May 10First quarter 2021 earnings released: EPS JP¥30.19 (vs JP¥22.85 in 1Q 2020)The company reported a solid first quarter result with improved earnings and revenues, although profit margins were flat. First quarter 2021 results: Revenue: JP¥4.98b (up 27% from 1Q 2020). Net income: JP¥778.0m (up 29% from 1Q 2020). Profit margin: 16% (in line with 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 1% per year.공지 • May 08+ 1 more updateNippon Ceramic Co., Ltd. Announces Dividend for the Fiscal Year Ended 2020Nippon Ceramic Co., Ltd. announced dividend of JPY 70 per share for the fiscal year ended 2020.이익 및 매출 성장 예측TSE:6929 - 애널리스트 향후 추정치 및 과거 재무 데이터 (JPY Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/202830,3675,5675,730N/A312/31/202729,1335,2735,290N/A312/31/202628,1325,0375,733N/A33/31/202627,2527,250N/AN/AN/A12/31/202527,3257,0042,7464,888N/A9/30/202527,3406,9082,6474,800N/A6/30/202526,5836,3302,9354,984N/A3/31/202525,9984,3743,5525,668N/A12/31/202425,0374,1624,9836,545N/A9/30/202424,4703,5286,0997,375N/A6/30/202424,6913,7566,1257,067N/A3/31/202424,3263,5795,4646,449N/A12/31/202324,4493,6933,7035,192N/A9/30/202324,6293,0547212,760N/A6/30/202324,1713,8301262,416N/A3/31/202323,9305,0782,3404,750N/A12/31/202223,2585,0223,0105,087N/A9/30/202222,6215,6963,7295,454N/A6/30/202221,9534,3973,6855,131N/A3/31/202221,5092,9641,5022,880N/A12/31/202121,3582,8172,3023,716N/A9/30/202120,7502,8082,7904,198N/A6/30/202119,9372,8132,5023,745N/A3/31/202118,1792,3082,8643,894N/A12/31/202017,1162,1332,1112,918N/A9/30/202016,7812,1332,3473,010N/A6/30/202016,6972,2633,1103,729N/A3/31/202017,8462,6742,4323,614N/A12/31/201918,5752,722N/A4,073N/A9/30/201918,7852,691N/A4,503N/A6/30/201918,9952,850N/A4,359N/A3/31/201919,2933,138N/A3,650N/A12/31/201819,5092,929N/A3,536N/A9/30/201819,9272,845N/A3,342N/A6/30/201819,8932,630N/A3,278N/A3/31/201819,7762,294N/A4,111N/A12/31/201719,7652,401N/A4,896N/A9/30/201719,7043,025N/A5,057N/A6/30/201719,6642,860N/A5,763N/A3/31/201719,4632,325N/A4,723N/A12/31/201619,5252,106N/A3,725N/A9/30/201619,3161,251N/A3,090N/A6/30/201619,5821,398N/A1,421N/A3/31/201620,1891,722N/A2,212N/A12/31/201520,1731,724N/A2,136N/A9/30/201520,3721,729N/A2,107N/A6/30/201520,5931,603N/A2,643N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 6929 의 수익은 향후 3년간 감소할 것으로 예상됩니다(연간 -8.2%).수익 vs 시장: 6929 의 수익은 향후 3년간 감소할 것으로 예상됩니다(연간 -8.2%).고성장 수익: 6929 의 수익은 향후 3년간 감소할 것으로 예상됩니다.수익 대 시장: 6929 의 수익(연간 5.3%)이 JP 시장(연간 6.1%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: 6929 의 수익(연간 5.3%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 6929의 자본 수익률은 3년 후 13.2%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YTech 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/11 20:29종가2026/05/11 00:00수익2026/03/31연간 수익2025/12/31데이터 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 소스Nippon Ceramic Co., Ltd.는 9명의 분석가가 다루고 있습니다. 이 중 3명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관null nullDaiwa Securities Co. Ltd.Mitsuhiro IchoGoldman SachsKoichi HariyaIchiyoshi Research Institute Inc.6명의 분석가 더 보기
Price Target Changed • May 12Price target increased by 7.6% to JP¥3,550Up from JP¥3,300, the current price target is an average from 2 analysts. New target price is 22% above last closing price of JP¥2,900. Stock is up 15% over the past year. The company is forecast to post earnings per share of JP¥211 for next year compared to JP¥181 last year.
Price Target Changed • Mar 13Price target increased by 10% to JP¥3,300Up from JP¥3,000, the current price target is an average from 2 analysts. New target price is 13% above last closing price of JP¥2,912. Stock is up 9.4% over the past year. The company is forecast to post earnings per share of JP¥197 for next year compared to JP¥181 last year.
Price Target Changed • Sep 12Price target decreased by 7.9% to JP¥2,900Down from JP¥3,150, the current price target is an average from 2 analysts. New target price is 18% above last closing price of JP¥2,462. Stock is down 4.7% over the past year. The company is forecast to post earnings per share of JP¥161 for next year compared to JP¥157 last year.
Price Target Changed • Dec 08Price target decreased by 12% to JP¥2,550Down from JP¥2,900, the current price target is provided by 1 analyst. New target price is 8.8% below last closing price of JP¥2,796. Stock is up 7.7% over the past year. The company is forecast to post earnings per share of JP¥162 for next year compared to JP¥206 last year.
Price Target Changed • Nov 03Price target decreased by 8.7% to JP¥2,900Down from JP¥3,175, the current price target is an average from 2 analysts. New target price is 9.9% above last closing price of JP¥2,638. Stock is up 2.8% over the past year. The company is forecast to post earnings per share of JP¥160 for next year compared to JP¥206 last year.
공지 • Nov 05+ 1 more updateNippon Ceramic Co., Ltd. Provides Consolidated Earnings Forecasts for the Period from January 1, 2022 to December 31, 2022Nippon Ceramic Co., Ltd. provided Consolidated earnings forecasts for the period from January 1, 2022 to December 31, 2022. For the period, the company expected net sales of JPY 22,500 million, Operating income of JPY 4,200 million, Net income attributable to owners of parent of JPY 5,800 million and Net income per share of JPY 234.66.
공지 • May 10+ 1 more updateNippon Ceramic Co., Ltd. to Report Q3, 2026 Results on Nov 06, 2026Nippon Ceramic Co., Ltd. announced that they will report Q3, 2026 results on Nov 06, 2026
Reported Earnings • May 09First quarter 2026 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2026 results: EPS: JP¥63.09 (up from JP¥49.28 in 1Q 2025). Revenue: JP¥6.57b (down 1.1% from 1Q 2025). Net income: JP¥1.33b (up 23% from 1Q 2025). Profit margin: 20% (up from 16% in 1Q 2025). Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) exceeded analyst estimates by 18%. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.
공지 • May 08+ 1 more updateNippon Ceramic Co., Ltd. to Report Q1, 2026 Results on May 08, 2026Nippon Ceramic Co., Ltd. announced that they will report Q1, 2026 results on May 08, 2026
Buy Or Sell Opportunity • Mar 13Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 3.4% to JP¥3,555. The fair value is estimated to be JP¥4,458, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.9% over the last 3 years. Earnings per share has grown by 22%. For the next 3 years, revenue is forecast to grow by 6.4% per annum. Earnings are forecast to decline by 8.9% per annum over the same time period.
New Risk • Feb 10New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 21% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 12% per year for the foreseeable future. High level of non-cash earnings (21% accrual ratio). Minor Risk Dividend is not well covered by cash flows (96% cash payout ratio).
Reported Earnings • Feb 07Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: JP¥325 (up from JP¥181 in FY 2024). Revenue: JP¥27.3b (up 9.1% from FY 2024). Net income: JP¥7.00b (up 68% from FY 2024). Profit margin: 26% (up from 17% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.5%. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Electronic industry in Japan. 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 11% per year, which means it is significantly lagging earnings growth.
공지 • Feb 06+ 1 more updateNippon Ceramic Co., Ltd., Annual General Meeting, Mar 26, 2026Nippon Ceramic Co., Ltd., Annual General Meeting, Mar 26, 2026.
Upcoming Dividend • Dec 22Upcoming dividend of JP¥125 per shareEligible shareholders must have bought the stock before 29 December 2025. Payment date: 10 March 2026. Payout ratio is a comfortable 32% but the company is paying out more than the cash it is generating. Trailing yield: 3.4%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%).
공지 • Dec 03Nippon Ceramic Co., Ltd. to Report Fiscal Year 2025 Results on Feb 06, 2026Nippon Ceramic Co., Ltd. announced that they will report fiscal year 2025 results on Feb 06, 2026
Buy Or Sell Opportunity • Nov 18Now 21% undervaluedOver the last 90 days, the stock has risen 18% to JP¥3,690. The fair value is estimated to be JP¥4,676, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.9% over the last 3 years. Earnings per share has grown by 11%. Revenue is forecast to grow by 8.8% in 2 years. Earnings are forecast to decline by 20% in the next 2 years.
분석 기사 • Nov 14Why Nippon Ceramic's (TSE:6929) Earnings Are Weaker Than They SeemDespite posting strong earnings, Nippon Ceramic Co., Ltd.'s ( TSE:6929 ) stock didn't move much over the last week. We...
New Risk • Nov 12New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 21% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 9.6% per year for the foreseeable future. High level of non-cash earnings (21% accrual ratio). Minor Risk Dividend is not well covered by cash flows (101% cash payout ratio).
Reported Earnings • Nov 09Third quarter 2025 earnings: EPS and revenues exceed analyst expectationsThird quarter 2025 results: EPS: JP¥64.91 (up from JP¥35.97 in 3Q 2024). Revenue: JP¥7.11b (up 12% from 3Q 2024). Net income: JP¥1.40b (up 71% from 3Q 2024). Profit margin: 20% (up from 13% in 3Q 2024). Revenue exceeded analyst estimates by 3.2%. Earnings per share (EPS) also surpassed analyst estimates by 47%. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 12% per year.
공지 • Nov 09Nippon Ceramic Co., Ltd. (TSE:6929) announces an Equity Buyback for 500,000 shares, representing 2.33% for ¥1,500 million.Nippon Ceramic Co., Ltd. (TSE:6929) announces a share repurchase program. Under the program, the company will repurchase up to 500,000 shares, representing 2.33% of its issued share capital, for ¥1,500 million. The purpose of the program is to improve capital efficiency such as ROE, implement flexible capital policies in response to changes in the business environment, and enhancing return of profits to shareholders. The program will expire on January 30, 2026. As of October 31, 2025, the company had 21,481,662 shares in issue (excluding treasury shares) and 5,749,595 shares in treasury.
Declared Dividend • Oct 24Dividend of JP¥125 announcedShareholders will receive a dividend of JP¥125. Ex-date: 29th December 2025 Payment date: 10th March 2026 Dividend yield will be 3.5%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (35% earnings payout ratio) but not adequately covered by cash flows (91% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 7.0% over the next 3 years. However, it would need to fall by 61% to increase the payout ratio to a potentially unsustainable range.
Price Target Changed • May 12Price target increased by 7.6% to JP¥3,550Up from JP¥3,300, the current price target is an average from 2 analysts. New target price is 22% above last closing price of JP¥2,900. Stock is up 15% over the past year. The company is forecast to post earnings per share of JP¥211 for next year compared to JP¥181 last year.
Reported Earnings • May 10First quarter 2025 earnings released: EPS: JP¥49.28 (vs JP¥36.78 in 1Q 2024)First quarter 2025 results: EPS: JP¥49.28 (up from JP¥36.78 in 1Q 2024). Revenue: JP¥6.64b (up 17% from 1Q 2024). Net income: JP¥1.08b (up 25% from 1Q 2024). Profit margin: 16% (up from 15% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Electronic industry in Japan. 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 8% per year, which means it is well ahead of earnings.
Price Target Changed • Mar 13Price target increased by 10% to JP¥3,300Up from JP¥3,000, the current price target is an average from 2 analysts. New target price is 13% above last closing price of JP¥2,912. Stock is up 9.4% over the past year. The company is forecast to post earnings per share of JP¥197 for next year compared to JP¥181 last year.
공지 • Feb 22+ 2 more updatesNippon Ceramic Co., Ltd. to Report Q3, 2025 Results on Nov 07, 2025Nippon Ceramic Co., Ltd. announced that they will report Q3, 2025 results on Nov 07, 2025
Reported Earnings • Feb 08Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: JP¥181 (up from JP¥157 in FY 2023). Revenue: JP¥25.0b (up 2.4% from FY 2023). Net income: JP¥4.16b (up 13% from FY 2023). Profit margin: 17% (up from 15% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.2%. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has remained flat.
공지 • Feb 07+ 1 more updateNippon Ceramic Co., Ltd., Annual General Meeting, Mar 27, 2025Nippon Ceramic Co., Ltd., Annual General Meeting, Mar 27, 2025.
Upcoming Dividend • Dec 20Upcoming dividend of JP¥100.00 per shareEligible shareholders must have bought the stock before 27 December 2024. Payment date: 08 March 2025. Payout ratio is a comfortable 66% and this is well supported by cash flows. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.6%).
분석 기사 • Dec 19Nippon Ceramic (TSE:6929) Has Affirmed Its Dividend Of ¥100.00Nippon Ceramic Co., Ltd. ( TSE:6929 ) will pay a dividend of ¥100.00 on the 8th of March. Based on this payment, the...
분석 기사 • Dec 03Nippon Ceramic (TSE:6929) Is Paying Out A Dividend Of ¥100.00Nippon Ceramic Co., Ltd. ( TSE:6929 ) will pay a dividend of ¥100.00 on the 8th of March. This means the annual payment...
공지 • Dec 03Nippon Ceramic Co., Ltd. to Report Fiscal Year 2024 Results on Feb 07, 2025Nippon Ceramic Co., Ltd. announced that they will report fiscal year 2024 results on Feb 07, 2025
Reported Earnings • Nov 10Third quarter 2024 earnings: EPS misses analyst expectationsThird quarter 2024 results: EPS: JP¥35.97 (down from JP¥44.34 in 3Q 2023). Revenue: JP¥6.35b (down 3.4% from 3Q 2023). Net income: JP¥818.0m (down 22% from 3Q 2023). Profit margin: 13% (down from 16% in 3Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 14%. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
분석 기사 • Nov 08Nippon Ceramic's (TSE:6929) Dividend Will Be ¥100.00Nippon Ceramic Co., Ltd. ( TSE:6929 ) will pay a dividend of ¥100.00 on the 8th of March. The dividend yield will be...
공지 • Nov 08Nippon Ceramic Co., Ltd. (TSE:6929) announces an Equity Buyback for 500,000 shares, representing 2.23% for ¥1,000 million.Nippon Ceramic Co., Ltd. (TSE:6929) announces a share repurchase program. Under the program, the company will repurchase up to 500,000 shares, representing 2.23% of its issued share capital, for ¥1,000 million. The program will expire on January 31, 2025. As of October 31, 2024, the company had 22,417,254 shares in issue (excluding treasury shares) and 4,814,003 shares in treasury.
분석 기사 • Oct 15Nippon Ceramic (TSE:6929) Is Due To Pay A Dividend Of ¥100.00Nippon Ceramic Co., Ltd. ( TSE:6929 ) has announced that it will pay a dividend of ¥100.00 per share on the 8th of...
분석 기사 • Sep 24Nippon Ceramic (TSE:6929) Has Affirmed Its Dividend Of ¥100.00Nippon Ceramic Co., Ltd. ( TSE:6929 ) will pay a dividend of ¥100.00 on the 8th of March. Based on this payment, the...
Price Target Changed • Sep 12Price target decreased by 7.9% to JP¥2,900Down from JP¥3,150, the current price target is an average from 2 analysts. New target price is 18% above last closing price of JP¥2,462. Stock is down 4.7% over the past year. The company is forecast to post earnings per share of JP¥161 for next year compared to JP¥157 last year.
분석 기사 • Aug 09We Like Nippon Ceramic's (TSE:6929) Earnings For More Than Just Statutory ProfitNippon Ceramic Co., Ltd.'s ( TSE:6929 ) recent earnings report didn't offer any surprises, with the shares unchanged...
Reported Earnings • Aug 07Second quarter 2024 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2024 results: EPS: JP¥49.86 (up from JP¥41.54 in 2Q 2023). Revenue: JP¥6.45b (up 6.0% from 2Q 2023). Net income: JP¥1.16b (up 18% from 2Q 2023). Profit margin: 18% (up from 16% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 59%. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.
분석 기사 • Aug 05Nippon Ceramic's (TSE:6929) Dividend Will Be ¥100.00Nippon Ceramic Co., Ltd. ( TSE:6929 ) will pay a dividend of ¥100.00 on the 8th of March. This makes the dividend yield...
Declared Dividend • Aug 04Dividend of JP¥100.00 announcedDividend of JP¥100.00 is the same as last year. Ex-date: 27th December 2024 Payment date: 8th March 2025 Dividend yield will be 4.3%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (66% earnings payout ratio) and cash flows (42% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 27% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공지 • Aug 02Nippon Ceramic Co., Ltd. (TSE:6929) announces an Equity Buyback for 500,000 shares, representing 2.19% for ¥1,000 million.Nippon Ceramic Co., Ltd. (TSE:6929) announces a share repurchase program. Under the program, the company will repurchase 500,000 shares, representing 2.19% of the outstanding shares for ¥1,000 million. The purpose of the program is to improve capital efficiency such as ROE, implementing flexible capital policies in response to changes in the business environment, and enhancing return of profits to shareholders. The program will run until October 31, 2024. As of July 31, 2024, the company had 22,818,904 shares outstanding (excluding treasury stock) and 4,412,353 shares in treasury.
공지 • May 21Nippon Ceramic Co., Ltd. (TSE:6929) announces an Equity Buyback for 450,000 shares, representing 1.94% for ¥1,000 million.Nippon Ceramic Co., Ltd. (TSE:6929) announces a share repurchase program. Under the program, the company will repurchase 450,000 shares, representing 1.94% of the outstanding shares for ¥1,000 million. The purpose of the program is to improve capital efficiency such as ROE, implementing flexible capital policies in response to changes in the business environment, and enhancing return of profits to shareholders. The program will run until July 31, 2024. As of May 17, 2024, the company had 23,212,680 shares outstanding (excluding treasury stock) and 4,018,577 shares in treasury.
Reported Earnings • May 13First quarter 2024 earnings: EPS and revenues miss analyst expectationsFirst quarter 2024 results: EPS: JP¥36.77 (down from JP¥41.58 in 1Q 2023). Revenue: JP¥5.68b (down 2.1% from 1Q 2023). Net income: JP¥867.0m (down 12% from 1Q 2023). Profit margin: 15% (down from 17% in 1Q 2023). Revenue missed analyst estimates by 4.7%. Earnings per share (EPS) also missed analyst estimates by 3.3%. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
공지 • Mar 12Nippon Ceramic Co., Ltd. (TSE:6929) announces an Equity Buyback for 400,000 shares, representing 1.7% for ¥1,000 million.Nippon Ceramic Co., Ltd. (TSE:6929) announces a share repurchase program. Under the program, the company will repurchase 400,000 shares, representing 1.7% of the outstanding shares for ¥1,000 million. The purpose of the program is to carry out flexible capital policies in response to changes in the business environment and to enhance the return of profits to shareholders. The program will run until June 28, 2024. As of February 29, 2024, the company had 23,591,776 shares outstanding and 3,639,481 shares in treasury.
공지 • Feb 24+ 1 more updateNippon Ceramic Co., Ltd. to Report Q1, 2024 Results on May 10, 2024Nippon Ceramic Co., Ltd. announced that they will report Q1, 2024 results on May 10, 2024
Reported Earnings • Feb 10Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: JP¥157 (down from JP¥206 in FY 2022). Revenue: JP¥24.4b (up 5.1% from FY 2022). Net income: JP¥3.69b (down 27% from FY 2022). Profit margin: 15% (down from 22% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.1%. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
공지 • Feb 09Nippon Ceramic Co., Ltd., Annual General Meeting, Mar 27, 2024Nippon Ceramic Co., Ltd., Annual General Meeting, Mar 27, 2024.
Upcoming Dividend • Dec 21Upcoming dividend of JP¥100.00 per share at 3.6% yieldEligible shareholders must have bought the stock before 28 December 2023. Payment date: 07 March 2024. Payout ratio is a comfortable 39% but the company is paying out more than the cash it is generating. Trailing yield: 3.6%. Within top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.5%).
Price Target Changed • Dec 08Price target decreased by 12% to JP¥2,550Down from JP¥2,900, the current price target is provided by 1 analyst. New target price is 8.8% below last closing price of JP¥2,796. Stock is up 7.7% over the past year. The company is forecast to post earnings per share of JP¥162 for next year compared to JP¥206 last year.
공지 • Dec 05Nippon Ceramic Co., Ltd. to Report Fiscal Year 2023 Results on Feb 09, 2024Nippon Ceramic Co., Ltd. announced that they will report fiscal year 2023 results on Feb 09, 2024
Reported Earnings • Nov 04Third quarter 2023 earnings: EPS and revenues exceed analyst expectationsThird quarter 2023 results: EPS: JP¥44.33 (down from JP¥75.04 in 3Q 2022). Revenue: JP¥6.57b (up 7.5% from 3Q 2022). Net income: JP¥1.05b (down 43% from 3Q 2022). Profit margin: 16% (down from 30% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 5.5%. Earnings per share (EPS) also surpassed analyst estimates by 22%. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
Price Target Changed • Nov 03Price target decreased by 8.7% to JP¥2,900Down from JP¥3,175, the current price target is an average from 2 analysts. New target price is 9.9% above last closing price of JP¥2,638. Stock is up 2.8% over the past year. The company is forecast to post earnings per share of JP¥160 for next year compared to JP¥206 last year.
Reported Earnings • Aug 08Second quarter 2023 earnings: EPS exceeds analyst expectationsSecond quarter 2023 results: EPS: JP¥41.54 (down from JP¥91.01 in 2Q 2022). Revenue: JP¥6.09b (up 4.1% from 2Q 2022). Net income: JP¥980.0m (down 56% from 2Q 2022). Profit margin: 16% (down from 38% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 20%. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
Reported Earnings • May 16First quarter 2023 earnings: EPS exceeds analyst expectationsFirst quarter 2023 results: EPS: JP¥41.58 (up from JP¥37.07 in 1Q 2022). Revenue: JP¥5.80b (up 13% from 1Q 2022). Net income: JP¥981.0m (up 6.1% from 1Q 2022). Profit margin: 17% (down from 18% in 1Q 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 28%. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Mar 29Full year 2022 earnings: Revenues exceed analyst expectationsFull year 2022 results: Revenue: JP¥23.3b (up 8.9% from FY 2021). Net income: JP¥5.02b (up 78% from FY 2021). Profit margin: 22% (up from 13% in FY 2021). Revenue exceeded analyst estimates by 1.1%. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Electronic industry in Japan.
Buying Opportunity • Feb 17Now 21% undervaluedOver the last 90 days, the stock is up 4.2%. The fair value is estimated to be JP¥3,450, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 33%. For the next 3 years, revenue is forecast to grow by 7.1% per annum. Earnings is forecast to decline by 7.7% per annum over the same time period.
Reported Earnings • Feb 04Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2022 results: EPS: JP¥206 (up from JP¥111 in FY 2021). Revenue: JP¥23.3b (up 8.9% from FY 2021). Net income: JP¥5.02b (up 78% from FY 2021). Profit margin: 22% (up from 13% in FY 2021). Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) missed analyst estimates by 18%. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
공지 • Feb 04+ 3 more updatesNippon Ceramic Co., Ltd., Annual General Meeting, Mar 24, 2023Nippon Ceramic Co., Ltd., Annual General Meeting, Mar 24, 2023.
Upcoming Dividend • Dec 22Upcoming dividend of JP¥50.00 per shareEligible shareholders must have bought the stock before 29 December 2022. Payment date: 08 March 2023. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.8%).
공지 • Dec 06Nippon Ceramic Co., Ltd. to Report Fiscal Year 2022 Results on Feb 03, 2023Nippon Ceramic Co., Ltd. announced that they will report fiscal year 2022 results on Feb 03, 2023
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. 3 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Outside Director & Member of Audit & Supervisory Board Koichi Ikehara was the last independent director to join the board, commencing their role in 2015. 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 • Nov 06Third quarter 2022 earnings: EPS and revenues exceed analyst expectationsThird quarter 2022 results: EPS: JP¥75.03 (up from JP¥20.66 in 3Q 2021). Revenue: JP¥6.11b (up 12% from 3Q 2021). Net income: JP¥1.82b (up 248% from 3Q 2021). Profit margin: 30% (up from 9.6% in 3Q 2021). Revenue exceeded analyst estimates by 4.4%. Earnings per share (EPS) also surpassed analyst estimates by 158%. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
공지 • Nov 05+ 1 more updateNippon Ceramic Co., Ltd. Provides Consolidated Earnings Forecasts for the Period from January 1, 2022 to December 31, 2022Nippon Ceramic Co., Ltd. provided Consolidated earnings forecasts for the period from January 1, 2022 to December 31, 2022. For the period, the company expected net sales of JPY 22,500 million, Operating income of JPY 4,200 million, Net income attributable to owners of parent of JPY 5,800 million and Net income per share of JPY 234.66.
Major Estimate Revision • Nov 05Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate increased from JP¥221 to JP¥251. Revenue forecast steady at JP¥22.8b. Net income forecast to grow 6.0% next year vs 5.7% growth forecast for Electronic industry in Japan. Consensus price target up from JP¥2,950 to JP¥3,050. Share price rose 3.2% to JP¥2,567 over the past week.
Major Estimate Revision • Aug 19Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate increased from JP¥191 to JP¥218. Revenue forecast unchanged at JP¥22.5b. Net income forecast to shrink 1.6% next year vs 6.7% growth forecast for Electronic industry in Japan . Consensus price target of JP¥2,850 unchanged from last update. Share price rose 5.1% to JP¥2,590 over the past week.
Valuation Update With 7 Day Price Move • Aug 12Investor sentiment improved over the past weekAfter last week's 15% share price gain to JP¥2,465, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 11x in the Electronic industry in Japan. Total returns to shareholders of 2.3% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,191 per share.
Reported Earnings • Aug 07Second quarter 2022 earnings: EPS exceeds analyst expectationsSecond quarter 2022 results: EPS: JP¥91.00 (up from JP¥31.04 in 2Q 2021). Revenue: JP¥5.85b (up 8.2% from 2Q 2021). Net income: JP¥2.23b (up 180% from 2Q 2021). Profit margin: 38% (up from 15% in 2Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 293%. Over the next year, revenue is forecast to grow 5.3%, compared to a 9.5% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
공지 • Aug 06+ 1 more updateNippon Ceramic Co., Ltd. Provides End of Fourth Quarter Dividend Forecast for the Fiscal Year 2022Nippon Ceramic Co., Ltd. provided end of Fourth quarter dividend forecast of JPY 50.00 for the Fiscal Year 2022.
Major Estimate Revision • Aug 06Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate increased from JP¥120 to JP¥191. Revenue forecast steady at JP¥22.3b. Net income forecast to grow 41% next year vs 5.9% growth forecast for Electronic industry in Japan. Consensus price target up from JP¥2,750 to JP¥2,850. Share price rose 2.5% to JP¥2,141 over the past week.
Price Target Changed • Jul 15Price target decreased to JP¥2,750Down from JP¥3,000, the current price target is an average from 3 analysts. New target price is 35% above last closing price of JP¥2,034. Stock is down 30% over the past year. The company is forecast to post earnings per share of JP¥120 for next year compared to JP¥111 last year.
Buying Opportunity • May 16Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 12%. The fair value is estimated to be JP¥2,745, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.4% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 14% in 2 years. Earnings is forecast to grow by 19% in the next 2 years.
Reported Earnings • May 11First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2022 results: EPS: JP¥37.07 (up from JP¥30.19 in 1Q 2021). Revenue: JP¥5.13b (up 3.0% from 1Q 2021). Net income: JP¥925.0m (up 19% from 1Q 2021). Profit margin: 18% (up from 16% in 1Q 2021). Revenue missed analyst estimates by 6.1%. Earnings per share (EPS) exceeded analyst estimates by 14%. Over the next year, revenue is forecast to grow 6.1%, compared to a 8.4% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.
공지 • May 08+ 1 more updateNippon Ceramic Co., Ltd. Provides Consolidated Earnings Guidance for the First Half of Fiscal Year Ending December 31, 2022; Provides Consolidated Earnings Guidance for the Fiscal Year Ending December 31, 2022Nippon Ceramic Co., Ltd. provided consolidated earnings guidance for the first half of fiscal year ending December 31, 2022. For the period, the company expects net sales of JPY 11,100 million, operating income of JPY 2,050 million, net income attributable to owners of plant of JPY 1,600 million or JPY 64.13 per share. For the year ending December 31, 2022, the company expects net sales of JPY 22,500 million, operating income of JPY 4,200 million, net income attributable to owners of plant of JPY 3,300 million or JPY 132.26 per share.
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. 3 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Outside Director & Member of Audit & Supervisory Board Koichi Ikehara was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
공지 • Mar 10Nippon Ceramic Co Ordinary Shares to Be Deleted from Other OTCNippon Ceramic Co., Ltd.'s Ordinary Shares will be deleted from other OTC effective from March 8, 2022 due to Inactive Security.
공지 • Feb 25Nippon Ceramic Co., Ltd. to Report Q3, 2022 Results on Nov 04, 2022Nippon Ceramic Co., Ltd. announced that they will report Q3, 2022 results on Nov 04, 2022
공지 • Feb 07Nippon Ceramic Co., Ltd. (TSE:6929) announces an Equity Buyback for 700,000 shares, representing 2.79% for ¥2,000 million.Nippon Ceramic Co., Ltd. (TSE:6929) announces a share repurchase program. Under the program, the company will repurchase 700,000 shares, representing 2.79% of the outstanding shares for ¥2,000 million. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment, enhance capital efficiency and improve shareholder returns. The program will run until December 31, 2022. As of January 31, 2022, the company had 25,072,318 shares outstanding and 2,158,939 shares in treasury.
Reported Earnings • Feb 07Full year 2021 earnings: EPS and revenues exceed analyst expectationsFull year 2021 results: EPS: JP¥111 (up from JP¥82.16 in FY 2020). Revenue: JP¥21.4b (up 25% from FY 2020). Net income: JP¥2.82b (up 32% from FY 2020). Profit margin: 13% (in line with FY 2020). Revenue exceeded analyst estimates by 3.4%. Earnings per share (EPS) also surpassed analyst estimates by 3.2%. Over the next year, revenue is forecast to grow 7.0%, compared to a 7.8% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 1% per year.
공지 • Feb 06Nippon Ceramic Co., Ltd., Annual General Meeting, Mar 25, 2022Nippon Ceramic Co., Ltd., Annual General Meeting, Mar 25, 2022.
공지 • Feb 05+ 2 more updatesNippon Ceramic Co., Ltd. Announces Year End Dividend for the Fiscal Year 2021, Payable on March 08, 2022; Provides Year End Dividend Guidance for the Fiscal Year 2022Nippon Ceramic Co., Ltd. announced year end dividend of JPY 100 per share for the fiscal year 2021 compared to JPY 70 per share paid a year ago. The dividend will be payable on March 08, 2022. Fiscal year 2021 dividend included a special dividend JPY 50 per share.The company provided year end dividend guidance for the fiscal year 2022. For the period, the company expected dividend of JPY 50 per share compared to JPY 100 per share a year ago.
Upcoming Dividend • Dec 22Upcoming dividend of JP¥50.00 per shareEligible shareholders must have bought the stock before 29 December 2021. Payment date: 09 March 2022. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.1%).
Reported Earnings • Nov 07Third quarter 2021 earnings released: EPS JP¥20.66 (vs JP¥20.46 in 3Q 2020)The company reported a mediocre third quarter result with weaker profit margins, although earnings were flat and revenues improved. Third quarter 2021 results: Revenue: JP¥5.45b (up 18% from 3Q 2020). Net income: JP¥523.0m (flat on 3Q 2020). Profit margin: 9.6% (down from 11% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has remained flat.
Reported Earnings • Aug 09Second quarter 2021 earnings released: EPS JP¥31.04 (vs JP¥11.22 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥5.40b (up 48% from 2Q 2020). Net income: JP¥795.0m (up 174% from 2Q 2020). Profit margin: 15% (up from 8.0% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has remained flat.
Reported Earnings • May 10First quarter 2021 earnings released: EPS JP¥30.19 (vs JP¥22.85 in 1Q 2020)The company reported a solid first quarter result with improved earnings and revenues, although profit margins were flat. First quarter 2021 results: Revenue: JP¥4.98b (up 27% from 1Q 2020). Net income: JP¥778.0m (up 29% from 1Q 2020). Profit margin: 16% (in line with 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 1% per year.
공지 • May 08+ 1 more updateNippon Ceramic Co., Ltd. Announces Dividend for the Fiscal Year Ended 2020Nippon Ceramic Co., Ltd. announced dividend of JPY 70 per share for the fiscal year ended 2020.