New Risk • Aug 06
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 2.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings are forecast to decline by an average of 2.2% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Aug 06
First quarter 2027 earnings released: EPS: JP¥16.79 (vs JP¥10.45 in 1Q 2026) First quarter 2027 results: EPS: JP¥16.79 (up from JP¥10.45 in 1Q 2026). Revenue: JP¥7.36b (up 21% from 1Q 2026). Net income: JP¥424.0m (up 61% from 1Q 2026). Profit margin: 5.8% (up from 4.3% in 1Q 2026). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.5% p.a. on average during the next 2 years, compared to a 9.6% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 29
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥897, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 16x in the Electronic industry in Japan. Total returns to shareholders of 82% over the past three years. Valuation Update With 7 Day Price Move • Jul 08
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to JP¥1,085, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 16x in the Electronic industry in Japan. Total returns to shareholders of 145% over the past three years. Valuation Update With 7 Day Price Move • Jun 14
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥1,073, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 16x in the Electronic industry in Japan. Total returns to shareholders of 144% over the past three years. 공고 • Jun 03
Shizuki Electric Company Inc. to Report Q1, 2027 Results on Aug 05, 2026 Shizuki Electric Company Inc. announced that they will report Q1, 2027 results on Aug 05, 2026 Valuation Update With 7 Day Price Move • May 30
Investor sentiment improves as stock rises 38% After last week's 38% share price gain to JP¥1,315, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 18x in the Electronic industry in Japan. Total returns to shareholders of 212% over the past three years. Reported Earnings • May 20
Full year 2026 earnings: EPS exceeds analyst expectations Full year 2026 results: EPS: JP¥78.80 (up from JP¥47.28 in FY 2025). Revenue: JP¥28.0b (up 2.4% from FY 2025). Net income: JP¥1.99b (up 67% from FY 2025). Profit margin: 7.1% (up from 4.4% in FY 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 8.7%. Revenue is forecast to grow 5.1% p.a. on average during the next 2 years, compared to a 7.8% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. 공고 • May 15
Shizuki Electric Company Inc., Annual General Meeting, Jun 26, 2026 Shizuki Electric Company Inc., Annual General Meeting, Jun 26, 2026. Valuation Update With 7 Day Price Move • May 15
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to JP¥1,008, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 18x in the Electronic industry in Japan. Total returns to shareholders of 128% over the past three years. 공고 • May 10
Shizuki Electric Company Inc. to Report Fiscal Year 2026 Results on May 15, 2026 Shizuki Electric Company Inc. announced that they will report fiscal year 2026 results on May 15, 2026 Valuation Update With 7 Day Price Move • May 01
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥1,124, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 17x in the Electronic industry in Japan. Total returns to shareholders of 148% over the past three years. Valuation Update With 7 Day Price Move • Apr 10
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥1,049, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 16x in the Electronic industry in Japan. Total returns to shareholders of 133% over the past three years. Buy Or Sell Opportunity • Mar 24
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 4.3% to JP¥921. The fair value is estimated to be JP¥752, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 57%. Revenue is forecast to grow by 8.0% in 2 years. Earnings are forecast to grow by 2.2% in the next 2 years. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥11.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 09 June 2026. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%). Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to JP¥1,193, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 17x in the Electronic industry in Japan. Total returns to shareholders of 168% over the past three years. Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥955, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 17x in the Electronic industry in Japan. Total returns to shareholders of 116% over the past three years. Buy Or Sell Opportunity • Feb 17
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 22% to JP¥915. The fair value is estimated to be JP¥737, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 57%. Revenue is forecast to grow by 10% in 2 years. Earnings are forecast to grow by 9.8% in the next 2 years. Reported Earnings • Feb 07
Third quarter 2026 earnings released: EPS: JP¥23.16 (vs JP¥17.46 in 3Q 2025) Third quarter 2026 results: EPS: JP¥23.16 (up from JP¥17.46 in 3Q 2025). Revenue: JP¥7.36b (up 7.2% from 3Q 2025). Net income: JP¥585.0m (up 33% from 3Q 2025). Profit margin: 7.9% (up from 6.4% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.9% 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 57% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. New Risk • Dec 05
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 8.2% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.2% average weekly change). Earnings have declined by 1.2% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. 공고 • Dec 01
Shizuki Electric Company Inc. to Report Q3, 2026 Results on Feb 05, 2026 Shizuki Electric Company Inc. announced that they will report Q3, 2026 results on Feb 05, 2026 Reported Earnings • Nov 07
Second quarter 2026 earnings released: EPS: JP¥23.24 (vs JP¥4.95 in 2Q 2025) Second quarter 2026 results: EPS: JP¥23.24 (up from JP¥4.95 in 2Q 2025). Revenue: JP¥7.16b (up 7.4% from 2Q 2025). Net income: JP¥587.0m (up 370% from 2Q 2025). Profit margin: 8.2% (up from 1.9% in 2Q 2025). Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Nov 05
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥693, the stock trades at a trailing P/E ratio of 12.9x. Average trailing P/E is 15x in the Electronic industry in Japan. Total returns to shareholders of 59% over the past three years. New Risk • Oct 15
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.3% 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: Major Risk Earnings have declined by 5.6% per year over the past 5 years. 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 (5.3% average weekly change). Market cap is less than US$100m (JP¥13.4b market cap, or US$88.8m). Board Change • Sep 25
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Satoshi Matsuo was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥4.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 15 December 2025. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%). 공고 • Sep 02
Shizuki Electric Company Inc. to Report Q2, 2026 Results on Nov 05, 2025 Shizuki Electric Company Inc. announced that they will report Q2, 2026 results on Nov 05, 2025 Reported Earnings • Aug 06
First quarter 2026 earnings released: EPS: JP¥10.45 (vs JP¥4.16 in 1Q 2025) First quarter 2026 results: EPS: JP¥10.45 (up from JP¥4.16 in 1Q 2025). Revenue: JP¥6.09b (down 1.3% from 1Q 2025). Net income: JP¥264.0m (up 151% from 1Q 2025). Profit margin: 4.3% (up from 1.7% in 1Q 2025). The increase in margin was driven by lower expenses. 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 5% per year, which means it is significantly lagging earnings. 공고 • Jun 20
Shizuki Electric Company Inc. to Report Q1, 2026 Results on Aug 05, 2025 Shizuki Electric Company Inc. announced that they will report Q1, 2026 results on Aug 05, 2025 Reported Earnings • May 21
Full year 2025 earnings released: EPS: JP¥47.28 (vs JP¥6.71 in FY 2024) Full year 2025 results: EPS: JP¥47.28 (up from JP¥6.71 in FY 2024). Revenue: JP¥27.3b (up 4.0% from FY 2024). Net income: JP¥1.19b (up JP¥1.01b from FY 2024). Profit margin: 4.4% (up from 0.7% in FY 2024). Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has fallen by 4% per year. 공고 • May 15
Shizuki Electric Company Inc., Annual General Meeting, Jun 26, 2025 Shizuki Electric Company Inc., Annual General Meeting, Jun 26, 2025. New Risk • Apr 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.0% 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 Earnings have declined by 11% per year over the past 5 years. 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 (6.0% average weekly change). Market cap is less than US$100m (JP¥8.28b market cap, or US$56.6m). Buy Or Sell Opportunity • Apr 07
Now 28% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.3% to JP¥323. The fair value is estimated to be JP¥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 3.5% over the last 3 years. Earnings per share has declined by 29%. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥7.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 10 June 2025. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.7%). 공고 • Mar 04
Shizuki Electric Company Inc. to Report Fiscal Year 2025 Results on May 15, 2025 Shizuki Electric Company Inc. announced that they will report fiscal year 2025 results on May 15, 2025 공고 • Feb 22
Matsuo Electric Co., Ltd, Rubycon Corporation, Rubycon America Inc, Shizuki Electric Co., Inc, and American Shizuki Corporation Announce Proposed Settlement Totaling CAD 8.925 Million in Capacitor Price Fixing Class Actions Proposed national settlements totaling CAD 8.925 million for the benefit of class members have been reached in class actions alleging price fixing and related conduct on behalf of Canadians who purchased aluminum and tantalum electrolytic capacitors and/or film capacitors and products containing aluminum and tantalum electrolytic capacitors and/or film capacitors. Matsuo Electric Co. Ltd. ("Matsuo") has agreed to pay CAD 1,175,000 for the benefit of the Electrolytic Settlement Class Members and CAD 25,000 for the benefit of the Film Settlement Class Members. Rubycon Corporation and Rubycon America Inc. ("Rubycon") have agreed to pay CAD 7,300,000 for the benefit of the Electrolytic Settlement Class Members and CAD 200,000 for the benefit of the Film Settlement Class Members. Shizuki Electric Co., Inc. and American Shizuki Corporation ("Shizuki") have agreed to pay CAD 225,000 for the benefit of the Film Settlement Class Members. An "electrolytic capacitor" and a "film capacitor" are two types of electronic components used in an electrical circuit to store a charge. They are found in electronics such as smartphones, gaming consoles, home appliances and televisions, among other electronic products. To be a member of these class actions, one must have purchased an aluminum or tantalum electrolytic capacitor or a product containing an aluminum or tantalum electrolytic capacitor between September 1, 1997 and December 31, 2014 and/or have purchased a film capacitor or a product containing a film capacitor between January 1, 2002 and December 31, 2014. In addition, Matsuo, Rubycon and Shizuki have agreed to provide cooperation to the plaintiffs in pursuing their claims against the non-settling defendants. The settlements are not admissions of liability, fault, or wrongdoing, but are compromises of disputed claims. The settlements must be approved by the courts before they become effective. Because the class actions are still ongoing and other settlements may be reached, the settlement amounts will not yet be distributed to class members. A process for the payment of claims to class members will be sought in the future. That process will be subject to court approval and will follow a further notice to the class. Reported Earnings • Feb 14
Third quarter 2025 earnings released: EPS: JP¥17.46 (vs JP¥3.92 in 3Q 2024) Third quarter 2025 results: EPS: JP¥17.46 (up from JP¥3.92 in 3Q 2024). Revenue: JP¥6.87b (down 1.5% from 3Q 2024). Net income: JP¥441.0m (up 346% from 3Q 2024). Profit margin: 6.4% (up from 1.4% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. 공고 • Nov 30
Shizuki Electric Company Inc. to Report Q3, 2025 Results on Feb 12, 2025 Shizuki Electric Company Inc. announced that they will report Q3, 2025 results on Feb 12, 2025 Reported Earnings • Nov 08
Second quarter 2025 earnings released: EPS: JP¥4.95 (vs JP¥7.89 in 2Q 2024) Second quarter 2025 results: EPS: JP¥4.95 (down from JP¥7.89 in 2Q 2024). Revenue: JP¥6.67b (up 1.2% from 2Q 2024). Net income: JP¥125.0m (down 37% from 2Q 2024). Profit margin: 1.9% (down from 3.0% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥3.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 16 December 2024. Payout ratio is a comfortable 56% but the company is not cash flow positive. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.5%). 공고 • Aug 28
Shizuki Electric Company Inc. to Report Q2, 2025 Results on Nov 06, 2024 Shizuki Electric Company Inc. announced that they will report Q2, 2025 results on Nov 06, 2024 Reported Earnings • Aug 08
First quarter 2025 earnings released: EPS: JP¥4.16 (vs JP¥3.02 loss in 1Q 2024) First quarter 2025 results: EPS: JP¥4.16 (up from JP¥3.02 loss in 1Q 2024). Revenue: JP¥6.17b (flat on 1Q 2024). Net income: JP¥105.0m (up JP¥204.0m from 1Q 2024). Profit margin: 1.7% (up from net loss in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to JP¥330, the stock trades at a trailing P/E ratio of 45.8x. Average trailing P/E is 12x in the Electronic industry in Japan. Total loss to shareholders of 47% over the past three years. Board Change • Jul 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 1 highly experienced director. Independent Director Keisuke Okunishi was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. 공고 • Jun 17
Shizuki Electric Company Inc. to Report Q1, 2025 Results on Aug 06, 2024 Shizuki Electric Company Inc. announced that they will report Q1, 2025 results on Aug 06, 2024 Reported Earnings • May 21
Full year 2024 earnings released: EPS: JP¥6.71 (vs JP¥23.03 in FY 2023) Full year 2024 results: EPS: JP¥6.71 (down from JP¥23.03 in FY 2023). Revenue: JP¥26.3b (flat on FY 2023). Net income: JP¥182.0m (down 76% from FY 2023). Profit margin: 0.7% (down from 2.9% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 38% 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. 공고 • May 17
Shizuki Electric Company Inc., Annual General Meeting, Jun 26, 2024 Shizuki Electric Company Inc., Annual General Meeting, Jun 26, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥5.50 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 12 June 2024. Payout ratio is a comfortable 61% and the cash payout ratio is 83%. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.4%). 공고 • Mar 02
Shizuki Electric Company Inc. to Report Fiscal Year 2024 Results on May 15, 2024 Shizuki Electric Company Inc. announced that they will report fiscal year 2024 results on May 15, 2024 Reported Earnings • Feb 08
Third quarter 2024 earnings released: EPS: JP¥3.92 (vs JP¥5.85 in 3Q 2023) Third quarter 2024 results: EPS: JP¥3.92 (down from JP¥5.85 in 3Q 2023). Revenue: JP¥6.97b (flat on 3Q 2023). Net income: JP¥99.0m (down 49% from 3Q 2023). Profit margin: 1.4% (down from 2.7% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 22% 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. 공고 • Nov 30
Shizuki Electric Company Inc. to Report Q3, 2024 Results on Feb 06, 2024 Shizuki Electric Company Inc. announced that they will report Q3, 2024 results on Feb 06, 2024 Reported Earnings • Nov 08
Second quarter 2024 earnings released: EPS: JP¥7.89 (vs JP¥4.27 in 2Q 2023) Second quarter 2024 results: EPS: JP¥7.89 (up from JP¥4.27 in 2Q 2023). Revenue: JP¥6.60b (up 1.0% from 2Q 2023). Net income: JP¥199.0m (up 41% from 2Q 2023). Profit margin: 3.0% (up from 2.2% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Buying Opportunity • Nov 07
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 13%. The fair value is estimated to be JP¥558, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.7% over the last 3 years, while earnings per share has been flat. Buying Opportunity • Oct 04
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 6.2%. The fair value is estimated to be JP¥569, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.7% over the last 3 years, while earnings per share has been flat. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥3.00 per share at 1.8% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 11 December 2023. Payout ratio is a comfortable 49% 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 (1.4%). 공고 • Aug 27
Shizuki Electric Company Inc. to Report Q2, 2024 Results on Nov 07, 2023 Shizuki Electric Company Inc. announced that they will report Q2, 2024 results on Nov 07, 2023 New Risk • Aug 22
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥11.9b (US$81.2m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. 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. Profit margins are more than 30% lower than last year (2.3% net profit margin). Market cap is less than US$100m (JP¥11.9b market cap, or US$81.2m). New Risk • Aug 09
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.3% Last year net profit margin: 3.4% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (2.3% net profit margin). Reported Earnings • Aug 08
First quarter 2024 earnings released: JP¥3.02 loss per share (vs JP¥1.52 profit in 1Q 2023) First quarter 2024 results: JP¥3.02 loss per share (down from JP¥1.52 profit in 1Q 2023). Revenue: JP¥6.15b (up 3.8% from 1Q 2023). Net loss: JP¥99.0m (down 298% from profit in 1Q 2023). 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. 공고 • Jun 29
Shizuki Electric Company Inc. (TSE:6994) announces an Equity Buyback for 7,740,000 shares, representing 23.46% for ¥3,599.1 million. Shizuki Electric Company Inc. (TSE:6994) announces a share repurchase program. Under the program, the company will repurchase up to 7,740,000 shares, representing 23.5% of its issued share capital (excluding treasury stock), for a total purchase price of ¥3,599 million. The shares will be repurchased at a price of ¥465 per share. The purpose of the program is to enable flexible execution capital policy in response to changes in the business environment. As of March 31, 2023, the company has 32,996,397 issued shares (excluding treasury stock) and 64,606 treasury shares. 공고 • May 31
Shizuki Electric Company Inc. to Report Q1, 2024 Results on Aug 07, 2023 Shizuki Electric Company Inc. announced that they will report Q1, 2024 results on Aug 07, 2023 Reported Earnings • May 20
Full year 2023 earnings released: EPS: JP¥23.03 (vs JP¥28.67 in FY 2022) Full year 2023 results: EPS: JP¥23.03 (down from JP¥28.67 in FY 2022). Revenue: JP¥26.1b (up 9.4% from FY 2022). Net income: JP¥760.0m (down 20% from FY 2022). Profit margin: 2.9% (down from 4.0% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. 공고 • May 17
Shizuki Electric Company Inc., Annual General Meeting, Jun 27, 2023 Shizuki Electric Company Inc., Annual General Meeting, Jun 27, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥5.00 per share at 1.9% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 09 June 2023. Payout ratio is a comfortable 28% but the company is not cash flow positive. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%). Reported Earnings • Feb 04
Third quarter 2023 earnings released: EPS: JP¥5.85 (vs JP¥13.27 in 3Q 2022) Third quarter 2023 results: EPS: JP¥5.85 (down from JP¥13.27 in 3Q 2022). Revenue: JP¥7.04b (up 9.1% from 3Q 2022). Net income: JP¥193.0m (down 56% from 3Q 2022). Profit margin: 2.7% (down from 6.8% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. 공고 • Nov 30
Shizuki Electric Company Inc. to Report Q3, 2023 Results on Feb 03, 2023 Shizuki Electric Company Inc. announced that they will report Q3, 2023 results on Feb 03, 2023 Reported Earnings • Nov 17
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: JP¥6.53b (up 18% from 2Q 2022). Net income: JP¥141.0m (up 68% from 2Q 2022). Profit margin: 2.2% (up from 1.5% in 2Q 2022). Reported Earnings • Nov 06
Second quarter 2023 earnings released: EPS: JP¥4.27 (vs JP¥2.55 in 2Q 2022) Second quarter 2023 results: EPS: JP¥4.27 (up from JP¥2.55 in 2Q 2022). Revenue: JP¥6.53b (up 18% from 2Q 2022). Net income: JP¥141.0m (up 68% from 2Q 2022). Profit margin: 2.2% (up from 1.5% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥4.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 06 December 2022. Payout ratio is a comfortable 34% but the company is not cash flow positive. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.6%). 공고 • Aug 31
Shizuki Electric Company Inc. to Report Q2, 2023 Results on Nov 04, 2022 Shizuki Electric Company Inc. announced that they will report Q2, 2023 results on Nov 04, 2022 Reported Earnings • Aug 07
First quarter 2023 earnings released: EPS: JP¥1.52 (vs JP¥4.88 in 1Q 2022) First quarter 2023 results: EPS: JP¥1.52 (down from JP¥4.88 in 1Q 2022). Revenue: JP¥5.93b (up 10.0% from 1Q 2022). Net income: JP¥50.0m (down 69% from 1Q 2022). Profit margin: 0.8% (down from 3.0% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. 공고 • Jun 23
Shizuki Electric Company Inc. to Report Q1, 2023 Results on Aug 05, 2022 Shizuki Electric Company Inc. announced that they will report Q1, 2023 results on Aug 05, 2022 Reported Earnings • May 16
Full year 2022 earnings released: EPS: JP¥28.67 (vs JP¥35.10 in FY 2021) Full year 2022 results: EPS: JP¥28.67 (down from JP¥35.10 in FY 2021). Revenue: JP¥23.9b (up 9.4% from FY 2021). Net income: JP¥946.0m (down 18% from FY 2021). Profit margin: 4.0% (down from 5.3% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. 공고 • May 15
Shizuki Electric Company Inc., Annual General Meeting, Jun 24, 2022 Shizuki Electric Company Inc., Annual General Meeting, Jun 24, 2022. 공고 • Apr 08
Shizuki Electric Company Inc. to Report Fiscal Year 2022 Results on May 13, 2022 Shizuki Electric Company Inc. announced that they will report fiscal year 2022 results on May 13, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 11 June 2022. Payout ratio is a comfortable 23% but the company is not cash flow positive. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.3%). Reported Earnings • Feb 07
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥13.27 (up from JP¥11.73 in 3Q 2021). Revenue: JP¥6.45b (up 9.4% from 3Q 2021). Net income: JP¥438.0m (up 13% from 3Q 2021). Profit margin: 6.8% (up from 6.6% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 07
Second quarter 2022 earnings released: EPS JP¥2.55 (vs JP¥5.70 in 2Q 2021) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2022 results: Revenue: JP¥5.54b (up 3.2% from 2Q 2021). Net income: JP¥84.0m (down 55% from 2Q 2021). Profit margin: 1.5% (down from 3.5% in 2Q 2021). The decrease in margin was driven by higher expenses. 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 5% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 09
First quarter 2022 earnings released: EPS JP¥4.88 (vs JP¥5.12 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥5.39b (up 19% from 1Q 2021). Net income: JP¥161.0m (up JP¥330.0m from 1Q 2021). Profit margin: 3.0% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • May 15
Full year 2021 earnings released: EPS JP¥35.09 (vs JP¥21.34 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¥21.8b (down 7.5% from FY 2020). Net income: JP¥1.16b (up 65% from FY 2020). Profit margin: 5.3% (up from 3.0% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥3.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 12 June 2021. Trailing yield: 0.5%. Lower than top quartile of Japanese dividend payers (2.7%). Lower than average of industry peers (1.1%). 공고 • Mar 19
Shizuki Electric Company Inc. to Report Fiscal Year 2021 Results on May 13, 2021 Shizuki Electric Company Inc. announced that they will report fiscal year 2021 results on May 13, 2021 Reported Earnings • Feb 08
Third quarter 2021 earnings released: EPS JP¥11.73 (vs JP¥4.30 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were flat. Third quarter 2021 results: Revenue: JP¥5.89b (flat on 3Q 2020). Net income: JP¥387.0m (up 173% from 3Q 2020). Profit margin: 6.6% (up from 2.4% in 3Q 2020). 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 11% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Jan 08
New 90-day high: JP¥647 The company is up 36% from its price of JP¥476 on 09 October 2020. The Japanese market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 18% over the same period. Valuation Update With 7 Day Price Move • Dec 29
Investor sentiment improved over the past week After last week's 17% share price gain to JP¥605, the stock is trading at a trailing P/E ratio of 44x, up from the previous P/E ratio of 37.6x. This compares to an average P/E of 19x in the Electronic industry in Japan. Total return to shareholders over the past three years is a loss of 33%. 공고 • Dec 25
Shizuki Electric Company Inc. to Report Q3, 2021 Results on Feb 05, 2021 Shizuki Electric Company Inc. announced that they will report Q3, 2021 results on Feb 05, 2021 Valuation Update With 7 Day Price Move • Dec 08
Market bids up stock over the past week After last week's 16% share price gain to JP¥596, the stock is trading at a trailing P/E ratio of 43.3x, up from the previous P/E ratio of 37.4x. This compares to an average P/E of 18x in the Electronic industry in Japan. Total return to shareholders over the past three years is a loss of 29%. Valuation Update With 7 Day Price Move • Dec 04
Market bids up stock over the past week After last week's 19% share price gain to JP¥627, the stock is trading at a trailing P/E ratio of 45.6x, up from the previous P/E ratio of 38.4x. This compares to an average P/E of 19x in the Electronic industry in Japan. Total return to shareholders over the past three years is a loss of 29%. Is New 90 Day High Low • Dec 03
New 90-day high: JP¥551 The company is up 7.0% from its price of JP¥516 on 04 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 Electronic industry, which is up 19% over the same period.