TSE:8818
TSE:8818Real Estate

Keihanshin Building (TSE:8818) Margin Surge Driven by ¥1.9B One-Off Gain Challenges Core Growth Narrative

Keihanshin Building (TSE:8818) posted a net profit margin of 24.6% for the period ending September 30, 2025, significantly higher than last year’s 17.5%. Full-year earnings jumped 46.9%, marking a sharp turnaround from the negative 11.1% average decline over the previous five years, bolstered by a one-off gain of ¥1.9 billion. Despite this headline growth, shares are trading at ¥1,733, which is well above the estimated fair value of ¥560.96. The company’s price-to-earnings ratio of 17.1x...
TSE:1942
TSE:1942Construction

Kandenko (TSE:1942) Margin Jump Reinforces Bullish Narratives Despite Premium Valuation Concerns

Kandenko Ltd. (TSE:1942) posted net profit margins of 7.1%, an increase from 5.4% in the previous year, and reported a year-over-year EPS growth of 53.8%, significantly higher than its five-year average growth rate of 19.6% per year. However, forecasts indicate a much slower annual revenue growth of 2.6% and EPS growth of 2.5%, both below the broader Japanese market averages. These results reflect a strong history of earnings quality and upward momentum, but also highlight more modest growth...
TSE:7510
TSE:7510Electronic

Takebishi (TSE:7510) Margins Tick Higher, Reinforcing Stable but Capped Growth Narrative

Takebishi (TSE:7510) delivered 13.3% earnings growth in the most recent year, continuing a 12.9% annualized trend over the past five years. Net profit margins ticked up to 2.6% from 2.5% a year earlier, while revenue is forecast to grow at 4% per year, slightly below the 4.5% expected for the broader Japanese market. The company’s 11.7x Price-to-Earnings Ratio stands out as a value proposition compared to the industry average of 15.6x, but the shares currently trade at a modest premium to...
TSE:9023
TSE:9023Transportation

Tokyo Metro (TSE:9023) Margins Rise, Challenging Cautious Market Narrative on Profit Quality

Tokyo Metro (TSE:9023) posted net profit margins of 13.9%, up from 13.2% last year, with earnings expected to grow at 2.29% per year. Over the past five years, the company delivered a remarkable 51.8% annual growth in earnings. However, in the most recent year, that pace slowed to 10%. Looking ahead, both revenue and earnings are forecast to rise at a slower pace than Japan's overall market. Margins are maintaining their upward trend, and earnings quality remains high. See our full analysis...
TSE:8739
TSE:8739Capital Markets

SPARX Group (TSE:8739) Net Profit Margin Improves, Reinforcing Bullish Valuation Narratives

SPARX Group (TSE:8739) reported a net profit margin of 32.7%, up from 31.7% previously, reflecting improved profitability. Over the last five years, the company has delivered 12.8% per year earnings growth, while the most recent annual growth rate was a more modest 6.9%. With high-quality earnings and no material risks highlighted, SPARX Group’s attractive valuation, long-term growth record, and solid dividend continue to make it an appealing proposition for investors this earnings...
TSE:6268
TSE:6268Machinery

Nabtesco (TSE:6268) Earnings Growth Surges 105.5%, Reinforcing Bullish Market Narratives

Nabtesco (TSE:6268) reported a dramatic turnaround in earnings, posting 105.5% growth over the past year after a five-year period that saw an average annual decline of 34.8%. Net profit margins also rose to 4.5%, up from 2.2% a year ago. Forecasts call for earnings to grow 12.6% annually compared to the Japanese market’s 7.8% pace. With these gains, Nabtesco’s high-quality earnings profile and improving profitability are likely to put the company’s ongoing momentum front and center for...
TSE:2492
TSE:2492Professional Services

Infomart (TSE:2492) Earnings Soar 255%; Profit Surge Reinforces Bullish Investor Narratives

Infomart (TSE:2492) reported standout figures this quarter, with earnings jumping 255.2% from last year. This was a pace much faster than its 5-year average annual growth of 1.6%. Net profit margins also climbed to 8.9%, compared to 3.1% a year ago. Analysts expect continued momentum, with annual earnings growth forecast at 36.6%. The combination of robust revenue trends, improving margins, and a share price far below the estimated fair value is setting a bullish tone among investors. See our...
TSE:4463
TSE:4463Chemicals

Nicca Chemical (TSE:4463) Margin Slide Challenges Bullish Earnings Narratives

Nicca Chemical Ltd. (TSE:4463) posted net profit margins of 4.5% this period, slightly down from 4.8% previously. Annual earnings growth averaged 8.1% over the past five years but turned negative in the most recent year. The company’s price-to-earnings ratio sits at 9.1x, a discount to both the Japanese chemicals industry at 13x and peers at 32.4x. Shares at ¥1,451 trade well below an estimated fair value of ¥2,834.4. The market sees a mix of attractive valuation signals and short-term profit...
TSE:9832
TSE:9832Specialty Retail

Autobacs Seven (TSE:9832) Margin Jump Reinforces Value Narrative Despite Dividend Concerns

Autobacs Seven (TSE:9832) reported a net profit margin of 3.7%, a notable climb from 1.3% last year. Earnings soared by 250.2% compared to a five-year average annual growth of 5.7%. While revenue is expected to grow 3.1% per year and future earnings at just 0.6%, both metrics lag the broader Japanese market’s growth outlook. Even with these improvements, there is an ongoing debate around the sustainability of the company's dividend. Investors may take comfort in the relative value and...
TSE:6752
TSE:6752Consumer Durables

Panasonic (TSE:6752) Dividend Sustainability Faces Scrutiny Despite Resilient Margins, Challenging Bullish Narratives

Panasonic Holdings (TSE:6752) held its net profit margin steady at 4%, matching last year’s level, even as the company experienced negative earnings growth over the latest period. However, over the last five years, average annual earnings growth reached 14.6%, and the outlook remains strong with earnings forecast to accelerate by 18.3% per year. Investors will note that this pace easily outstrips the broader Japanese market’s expected 7.8% annual growth, while revenue growth projections...
TSE:2148
TSE:2148Interactive Media and Services

ITmedia (TSE:2148) Margin Decline Challenges Bullish Growth Narratives

ITmedia (TSE:2148) posted a mixed set of earnings, with net profit margins slipping from 17.6% to 17%. The latest year showed negative earnings growth, even as earnings grew at an average rate of 1.5% per year over the past five years. Looking forward, revenue is projected to grow at 8% per annum and earnings are expected to rise by 12.1% each year. Both figures are anticipated to outpace the Japanese market, though investors may view the dip in margins with caution. See our full analysis for...
TSE:9600
TSE:9600IT

I-Net (TSE:9600) Margin Decline Undermines Bullish Narrative Despite Premium Valuation

I-Net (TSE:9600) has achieved average annual earnings growth of 9.8% over the past five years, supported by its high quality earnings. Despite this solid track record, the company’s net profit margin slipped to 5% from 5.7% last year, and most recently, earnings turned negative year-over-year. Investors may take note that the stock currently trades at a price-to-earnings ratio of 19x, which is well above both the Japanese IT industry average of 17.3x and the peer average of 14.4x. This could...
TSE:3046
TSE:3046Specialty Retail

JINS HOLDINGS (TSE:3046) Valuation Spotlight After Dividend Proposal and Governance Flexibility Update

JINS HOLDINGS (TSE:3046) has proposed a year-end dividend of 59 yen per share for the fiscal year ending August 2025, together with a plan to update its Articles of Incorporation to allow for greater leadership flexibility. See our latest analysis for JINS HOLDINGS. After a strong run earlier this year, JINS HOLDINGS’ share price has pulled back recently, declining 12.2% over the past month. It still boasts a robust 22.3% year-to-date share price return. Looking further out, its 1-year total...
TSE:6981
TSE:6981Electronic

Murata Manufacturing (TSE:6981) Valuation in Focus After New Guidance and Share Buyback Completion

Murata Manufacturing (TSE:6981) just released updated financial guidance for the year ahead and completed a significant share buyback. Both moves are drawing attention to the company's strategy and what it could mean for shareholders. See our latest analysis for Murata Manufacturing. Murata Manufacturing’s new guidance and share buyback appear to have sparked investor optimism, as reflected in an impressive 12% share price jump in just the past week and a 34% price return year-to-date. Recent...
TSE:4462
TSE:4462Chemicals

Ishihara Chemical (TSE:4462) Margins Reach 10.6%, Bolstering Bulls on Quality and Valuation Gap

Ishihara Chemical (TSE:4462) delivered a steady year with net profit margins improving to 10.6%, edging out last year's 10.1%. EPS recorded year-over-year growth of 6.9%, though this undershot the company's strong five-year average of 9.9% annual earnings growth. Historically, earnings have increased by 9.9% per year. With the stock trading at a P/E of 12.2x, the market is seeing a notable valuation gap given the current price of ¥2,180 compared to an estimated fair value of ¥4,976.28. See...
TSE:3774
TSE:3774Telecom

IIJ’s Starlink Partnership Might Change The Case For Investing In Internet Initiative Japan (TSE:3774)

Internet Initiative Japan Inc. (IIJ) announced that it and its subsidiary will begin providing Starlink satellite services as an authorized reseller to corporate customers in Japan starting December 1, 2025, with plans for further international expansion. This move brings satellite-based connectivity solutions into IIJ's portfolio, enabling enterprise clients to access reliable internet in areas with limited terrestrial networks and improving disaster resilience options. We will explore how...
TSE:6971
TSE:6971Electronic

Kyocera (TSE:6971) Profit Margin Hit by ¥40.1B Loss, Challenging Recovery Expectations

Kyocera (TSE:6971) reported a net profit margin of 2.2%, down from 4% in the prior year, as the company absorbed a one-off loss of ¥40.1 billion. Over the past five years, earnings have declined by 15.1% annually, while revenue is forecast to grow at just 2% per year, lagging the broader Japanese market’s expected 4.5% pace. With analysts projecting a sharp rebound in earnings growth of 21.8% per year ahead, investors are weighing whether future gains will balance out recent profitability...
TSE:6787
TSE:6787Electronic

Assessing Meiko Electronics (TSE:6787) Valuation Following Board-Approved Dividend Increase

Meiko Electronics (TSE:6787) just approved a dividend increase, raising its payout to JPY 45.00 per share from JPY 40.00 last year. The Board’s decision, announced on October 27, reflects growing confidence in its financial outlook. See our latest analysis for Meiko Electronics. The dividend hike seems to have energized investor sentiment, as Meiko Electronics' share price has climbed over 7% in the past month and is up nearly 36% in the last three months. Looking longer-term, the story is...
TSE:7011
TSE:7011Machinery

Mitsubishi Heavy Industries (TSE:7011) Is Up 5.1% After U.S.-Japan Clean Energy Project Announcement - Has The Bull Case Changed?

In recent days, Japan and the United States agreed to prepare a joint fact sheet detailing potential investment projects in the U.S. involving Japanese firms such as Mitsubishi Heavy Industries, with a strong focus on power generation and automobile-related products. This development signals increasing government-level cooperation on cross-border industrial projects, highlighting a potentially important role for Mitsubishi Heavy Industries in the growing U.S. clean energy market. We'll...
TSE:4062
TSE:4062Electronic

Ibiden (TSE:4062) Profit Margin Dip Challenges Stable Earnings Narrative

Ibiden Ltd. (TSE:4062) delivered earnings growth of 2.5% per year over the past five years, with the most recent annual uptick coming in at 3.3%, a step ahead of the longer-term trend. The net profit margin for the period came in at 9.2%, just below last year’s 9.4%. Looking forward, analysts are projecting substantial expansion, with earnings and revenue forecast to grow at 23.5% and 12.2% per year. Both figures are clear beats on the broader market’s pace; however, investors will be...
TSE:4503
TSE:4503Pharmaceuticals

Astellas Pharma (TSE:4503) Profit Margins Double, Challenging Bearish Narratives on Earnings Quality

Astellas Pharma (TSE:4503) delivered net profit margins of 6.2%, doubling from 3.1% last year, while posting a 128.1% surge in profit growth over the past year compared to a five-year average decline of 24% per year. Despite this impressive profitability turnaround, revenue is forecast to decline 4.5% per year over the next three years, and the latest financial period included a one-off loss of ¥169.5 billion that has weighed on trailing results. The stock currently trades at ¥1,613.5, below...
TSE:4768
TSE:4768IT

Will Strong Nine-Month Results and Higher Dividends Change Otsuka's (TSE:4768) Narrative?

Otsuka Corporation recently issued year-end dividend guidance of ¥40 per share for the fiscal year ending December 31, 2025, and reported strong financial results for the first nine months of this year, including a 22.3% rise in net sales and a 27.5% increase in operating profit compared to the prior period. This combination of increased profitability and updated dividend guidance highlights the company's operational efficiency and its commitment to returning value to shareholders. We'll...
TSE:2002
TSE:2002Food

Nisshin Seifun Group (TSE:2002) Margin Decline Challenges Bullish Growth Narrative

Nisshin Seifun Group (TSE:2002) reported a net profit margin of 2.9%, down from 3.9% a year ago. While there was a recent dip in earnings growth, the company’s five-year average earnings growth still stands at 17.7% per year and is now expected to climb at 9.9% annually going forward, comfortably ahead of the Japanese market’s projected 7.9%. Despite lagging revenue growth forecasts, investors may look past the dip in profit margins, focusing on the company’s solid historical earnings...