Buy Or Sell Opportunity • Jul 31
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 15% to €19.80. The fair value is estimated to be €16.01, however this is not to be taken as a sell 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%. For the next 3 years, revenue is forecast to grow by 1.5% per annum. Earnings are forecast to decline by 2.2% per annum over the same time period. Declared Dividend • Jul 29
First half dividend of JP¥76.00 announced Shareholders will receive a dividend of JP¥76.00. Ex-date: 27th November 2026 Payment date: 24th February 2027 Dividend yield will be 399%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is covered by both earnings (29% earnings payout ratio) and cash flows (71% 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 remain steady over the next 3 years, which should provide adequate earnings cover for the dividend. Reported Earnings • Jul 14
Second quarter 2026 earnings released: EPS: JP¥90.80 (vs JP¥46.34 in 2Q 2025) Second quarter 2026 results: EPS: JP¥90.80 (up from JP¥46.34 in 2Q 2025). Revenue: JP¥49.5b (up 25% from 2Q 2025). Net income: JP¥7.46b (up 93% from 2Q 2025). Profit margin: 15% (up from 9.8% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Jul 13
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.4% 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 Risk Earnings are forecast to decline by an average of 1.4% 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. Buy Or Sell Opportunity • Jun 10
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 24% to €17.60. The fair value is estimated to be €14.57, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.0% over the last 3 years. Earnings per share has grown by 3.0%. For the next 3 years, revenue is forecast to grow by 2.3% per annum. Earnings are also forecast to grow by 1.1% per annum over the same time period. Declared Dividend • May 20
Dividend of JP¥39.00 announced Shareholders will receive a dividend of JP¥39.00. Ex-date: 28th May 2026 Payment date: 29th July 2026 Dividend yield will be 226%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is covered by both earnings (30% earnings payout ratio) and cash flows (59% cash payout ratio). The dividend has increased by an average of 7.4% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 10% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Board Change • May 20
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 2 highly experienced directors. Independent Outside Director Yoshitsugu Hayashi was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Apr 03
OSG Corporation to Report Q1, 2026 Results on Apr 10, 2026 OSG Corporation announced that they will report Q1, 2026 results on Apr 10, 2026 Aankondiging • Oct 30
OSG Corporation to Report Fiscal Year 2025 Results on Jan 08, 2026 OSG Corporation announced that they will report fiscal year 2025 results on Jan 08, 2026 Aankondiging • Apr 11
OSG Corporation (TSE:6136) announces an Equity Buyback for 3,500,000 shares, representing 4.12% for ¥5,000 million. OSG Corporation (TSE:6136) announces a share repurchase program. Under the program, the company will repurchase up to 3,500,000 shares, representing 4.12% of its issued share capital (excluding treasury stock), for ¥5,000 million. The purpose of the program is to enhance the shareholder return and improve capital efficiency. The repurchased shares will be cancelled. The program will run until August 29, 2025. As of February 28, 2025, the company had 84,959,566 shares in issue (excluding treasury stock) and 14,222,951 shares in treasury. Aankondiging • Mar 24
OSG Corporation(TSE:6136) dropped from FTSE All-World Index (USD) OSG Corporation(TSE:6136) dropped from FTSE All-World Index (USD) Aankondiging • Nov 01
OSG Corporation to Report Fiscal Year 2024 Results on Jan 09, 2025 OSG Corporation announced that they will report fiscal year 2024 results on Jan 09, 2025 Reported Earnings • Oct 11
Third quarter 2024 earnings released: EPS: JP¥29.00 (vs JP¥36.01 in 3Q 2023) Third quarter 2024 results: EPS: JP¥29.00 (down from JP¥36.01 in 3Q 2023). Revenue: JP¥37.7b (up 1.5% from 3Q 2023). Net income: JP¥2.57b (down 26% from 3Q 2023). Profit margin: 6.8% (down from 9.3% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Machinery industry in Germany. 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 4% per year, which means it is significantly lagging earnings. Declared Dividend • Jul 14
First half dividend of JP¥32.00 announced Shareholders will receive a dividend of JP¥32.00. Ex-date: 28th November 2024 Payment date: 19th February 2025 Dividend yield will be 280%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (38% earnings payout ratio) and cash flows (31% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 34% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jul 12
Second quarter 2024 earnings released: EPS: JP¥41.15 (vs JP¥36.96 in 2Q 2023) Second quarter 2024 results: EPS: JP¥41.15 (up from JP¥36.96 in 2Q 2023). Revenue: JP¥41.0b (up 13% from 2Q 2023). Net income: JP¥3.79b (up 7.0% from 2Q 2023). Profit margin: 9.3% (in line with 2Q 2023). Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Aankondiging • Jul 11
OSG Corporation Provides Consolidated Earnings Guidance for the Full Year Ending November 30, 2024 OSG Corporation provided consolidated earnings guidance for the full year ending November 30, 2024. For the year, the company expects net sales of JPY 153,000 million, operating income of JPY 23,000 million, net income attributable to the company of JPY 15,500 million and net income per share of JPY 171.25. Upcoming Dividend • May 23
Upcoming dividend of JP¥28.00 per share Eligible shareholders must have bought the stock before 30 May 2024. Payment date: 25 July 2024. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (3.4%). Aankondiging • Apr 29
OSG Corporation to Report Q3, 2024 Results on Oct 10, 2024 OSG Corporation announced that they will report Q3, 2024 results on Oct 10, 2024 Aankondiging • Apr 28
OSG Corporation to Report Q2, 2024 Results on Jul 11, 2024 OSG Corporation announced that they will report Q2, 2024 results on Jul 11, 2024 Reported Earnings • Apr 05
First quarter 2024 earnings released: EPS: JP¥36.30 (vs JP¥31.86 in 1Q 2023) First quarter 2024 results: EPS: JP¥36.30 (up from JP¥31.86 in 1Q 2023). Revenue: JP¥36.7b (up 7.3% from 1Q 2023). Net income: JP¥3.43b (up 12% from 1Q 2023). Profit margin: 9.3% (up from 8.9% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Declared Dividend • Mar 04
Final dividend of JP¥28.00 announced Shareholders will receive a dividend of JP¥28.00. Ex-date: 30th May 2024 Payment date: 25th July 2024 Dividend yield will be 222%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (40% earnings payout ratio) and cash flows (46% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 34% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • Jan 28
OSG Corporation to Report Q1, 2024 Results on Apr 04, 2024 OSG Corporation announced that they will report Q1, 2024 results on Apr 04, 2024 Reported Earnings • Jan 13
Full year 2023 earnings released: EPS: JP¥149 (vs JP¥172 in FY 2022) Full year 2023 results: EPS: JP¥149 (down from JP¥172 in FY 2022). Revenue: JP¥147.7b (up 3.6% from FY 2022). Net income: JP¥14.3b (down 14% from FY 2022). Profit margin: 9.7% (down from 12% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Aankondiging • Jan 12
Osg Corporation Provides Dividend Guidance for End of Second Quarter and Full Year Ending 2024 OSG Corporation provided dividend guidance for end of second quarter and full year ending 2024. For the quarter the company expects to pay the dividend of JPY 28.00 per share.For the full year the company expects to pay the dividend of JPY 32.00 per share. Aankondiging • Dec 05
OSG Corporation (TSE:6136) announces an Equity Buyback for 15,000,000 shares, representing 15.63% for ¥22,000 million. OSG Corporation (TSE:6136) announces a share repurchase program. Under the program, the company will repurchase up to 15,000,000 shares, representing 15.63% of its issued share capital (excluding treasury stock), for ¥22,000 million. The purpose of the program is improving capital efficiency, corporate structure and corporate value in order to achieve future growth. The program will run until November 29, 2024. As of November 30, 2023, the company had 95,980,693 shares in issue (excluding treasury stock) and 3,201,824 shares in treasury. Upcoming Dividend • Nov 22
Upcoming dividend of JP¥32.00 per share at 3.3% yield Eligible shareholders must have bought the stock before 29 November 2023. Payment date: 20 February 2024. Payout ratio is a comfortable 3.1% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of German dividend payers (5.0%). In line with average of industry peers (3.0%). Aankondiging • Nov 21
OSG Corporation, Annual General Meeting, Feb 16, 2024 OSG Corporation, Annual General Meeting, Feb 16, 2024. Agenda: to consider the changes in directors and executive officers; and to consider other matters. Aankondiging • Nov 20
OSG Corporation Announces Retirement of Yoshiyuki Sakaki as Director (Audit & Supervisory Committee, Outsider) OSG Corporation announced retirement of Yoshiyuki Sakaki as director (Audit & Supervisory Committee, Outsider). Aankondiging • Nov 01
OSG Corporation to Report Fiscal Year 2023 Results on Jan 11, 2024 OSG Corporation announced that they will report fiscal year 2023 results on Jan 11, 2024 Reported Earnings • Oct 06
Third quarter 2023 earnings released: EPS: JP¥36.01 (vs JP¥40.23 in 3Q 2022) Third quarter 2023 results: EPS: JP¥36.01 (down from JP¥40.23 in 3Q 2022). Revenue: JP¥37.1b (up 4.4% from 3Q 2022). Net income: JP¥3.45b (down 11% from 3Q 2022). Profit margin: 9.3% (down from 11% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Aankondiging • Jul 13
OSG Corporation to Report Q3, 2023 Results on Oct 05, 2023 OSG Corporation announced that they will report Q3, 2023 results on Oct 05, 2023 Reported Earnings • Jul 07
Second quarter 2023 earnings released: EPS: JP¥36.96 (vs JP¥41.75 in 2Q 2022) Second quarter 2023 results: EPS: JP¥36.96 (down from JP¥41.75 in 2Q 2022). Revenue: JP¥36.4b (up 1.9% from 2Q 2022). Net income: JP¥3.54b (down 12% from 2Q 2022). Profit margin: 9.7% (down from 11% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Aankondiging • Jul 07
Osg Corporation Provides Dividend Guidance for the Full Fiscal Year 2023 OSG Corporation provided dividend guidance for the full fiscal year 2023. For the period, the company expects to pay dividend of JPY 32.00 per share against JPY 37.00 a year ago. Aankondiging • Jul 06
Osg Corporation Provides Consolidated Earnings Guidance for the Fiscal Year Ending November 30, 2023 OSG Corporation provided consolidated earnings guidance for the fiscal year ending November 30, 2023. For the full year, the company expects net sales of JPY 145,000 million, operating income of JPY 24,000 million, net income attributable to the company of JPY 16,200 million and net income per share of JPY 169.16. Buying Opportunity • Jul 06
Now 20% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be €16.06, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.3% over the last 3 years. Earnings per share has grown by 28%. For the next 3 years, revenue is forecast to grow by 2.9% per annum. Earnings is also forecast to grow by 5.5% per annum over the same time period. Buying Opportunity • Jun 13
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 1.5%. The fair value is estimated to be €16.84, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.3% over the last 3 years. Earnings per share has grown by 28%. For the next 3 years, revenue is forecast to grow by 2.9% per annum. Earnings is also forecast to grow by 5.5% per annum over the same time period. Buying Opportunity • May 24
Now 22% undervalued Over the last 90 days, the stock is up 1.5%. The fair value is estimated to be €17.02, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.3% over the last 3 years. Earnings per share has grown by 28%. For the next 3 years, revenue is forecast to grow by 2.9% per annum. Earnings is also forecast to grow by 5.9% per annum over the same time period. Upcoming Dividend • May 23
Upcoming dividend of JP¥28.00 per share at 3.0% yield Eligible shareholders must have bought the stock before 30 May 2023. Payment date: 26 July 2023. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of German dividend payers (4.7%). In line with average of industry peers (2.9%). Reported Earnings • Apr 08
First quarter 2023 earnings released: EPS: JP¥31.86 (vs JP¥35.53 in 1Q 2022) First quarter 2023 results: EPS: JP¥31.86 (down from JP¥35.53 in 1Q 2022). Revenue: JP¥34.2b (up 6.2% from 1Q 2022). Net income: JP¥3.05b (down 12% from 1Q 2022). Profit margin: 8.9% (down from 11% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Aankondiging • Feb 19
OSG Corporation to Report Q1, 2023 Results on Apr 06, 2023 OSG Corporation announced that they will report Q1, 2023 results on Apr 06, 2023 Aankondiging • Jan 14
OSG Corporation, Annual General Meeting, Feb 17, 2023 OSG Corporation, Annual General Meeting, Feb 17, 2023. Reported Earnings • Jan 13
Full year 2022 earnings released: EPS: JP¥172 (vs JP¥113 in FY 2021) Full year 2022 results: EPS: JP¥172 (up from JP¥113 in FY 2021). Revenue: JP¥142.5b (up 13% from FY 2021). Net income: JP¥16.5b (up 51% from FY 2021). Profit margin: 12% (up from 8.7% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Aankondiging • Jan 13
OSG Corporation Provides Non-Consolidated Earnings Guidance for the Semi-Annual and Annual for the Year Ending November 30, 2023 OSG Corporation Provides non-Consolidated Earnings Guidance for the semi-annual and annual for the year ending November 30, 2023. For the Semi-Annual ending, The company expects net sales to be JPY 28,000 million, Operating income to be JPY 3,200 million, net income to be JPY 4,100 million or JPY 42.84 per basic share.For the year ending, The company expects net sales to be JPY 58,000 million, Operating income to be JPY 6,900 million, net income to be JPY 9,500 million or JPY 99.27 per basic share. Upcoming Dividend • Nov 22
Upcoming dividend of JP¥26.00 per share Eligible shareholders must have bought the stock before 29 November 2022. Payment date: 21 February 2023. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of German dividend payers (4.9%). In line with average of industry peers (2.7%). Aankondiging • Nov 02
OSG Corporation to Report Fiscal Year 2022 Results on Jan 12, 2023 OSG Corporation announced that they will report fiscal year 2022 results on Jan 12, 2023 Reported Earnings • Oct 07
Third quarter 2022 earnings released: EPS: JP¥40.23 (vs JP¥31.35 in 3Q 2021) Third quarter 2022 results: EPS: JP¥40.23 (up from JP¥31.35 in 3Q 2021). Revenue: JP¥35.5b (up 14% from 3Q 2021). Net income: JP¥3.86b (up 26% from 3Q 2021). Profit margin: 11% (up from 9.8% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Aankondiging • Aug 03
OSG Corporation to Report Q3, 2022 Results on Oct 06, 2022 OSG Corporation announced that they will report Q3, 2022 results on Oct 06, 2022 Reported Earnings • Jul 09
Second quarter 2022 earnings released: EPS: JP¥41.75 (vs JP¥33.41 in 2Q 2021) Second quarter 2022 results: EPS: JP¥41.75 (up from JP¥33.41 in 2Q 2021). Revenue: JP¥35.7b (up 8.3% from 2Q 2021). Net income: JP¥4.03b (up 24% from 2Q 2021). Profit margin: 11% (up from 9.9% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 5.8%, compared to a 10% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 13% per year. Aankondiging • Jul 08
OSG Corporation Provides Earnings Guidance for the Fiscal Year Ending November 30, 2022 OSG Corporation provided earnings guidance for the fiscal year ending November 30, 2022. For the period, the company expects the Net sales to be JPY 135,000 million. Operating income to be JPY 20,200 million. Net income attributable to OSG Corporation to be JPY 13,600 million. Net income per share to be JPY 140.24. Upcoming Dividend • May 23
Upcoming dividend of JP¥23.00 per share Eligible shareholders must have bought the stock before 30 May 2022. Payment date: 27 July 2022. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of German dividend payers (4.3%). Higher than average of industry peers (2.6%). Aankondiging • May 02
OSG Corporation to Report Q2, 2022 Results on Jul 07, 2022 OSG Corporation announced that they will report Q2, 2022 results on Jul 07, 2022 Reported Earnings • Apr 08
First quarter 2022 earnings released: EPS: JP¥35.53 (vs JP¥15.30 in 1Q 2021) First quarter 2022 results: EPS: JP¥35.53 (up from JP¥15.30 in 1Q 2021). Revenue: JP¥32.2b (up 14% from 1Q 2021). Net income: JP¥3.46b (up 132% from 1Q 2021). Profit margin: 11% (up from 5.3% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 5.9%, compared to a 10% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Aankondiging • Feb 02
OSG Corporation to Report Q1, 2022 Results on Apr 07, 2022 OSG Corporation announced that they will report Q1, 2022 results on Apr 07, 2022 Aankondiging • Jan 14
OSG Corporation (TSE:6136) announces an Equity Buyback for 3,500,000 shares, representing 3.58% for ¥6,000 million. OSG Corporation (TSE:6136) announces a share repurchase program. Under the program, the company will repurchase up to 3,500,000 shares, representing 3.58% of its issued share capital (excluding treasury stock), for ¥6,000 million. The purpose of the program is improving capital efficiency, corporate structure and corporate value in order to achieve sustainable growth. The program will run until October 14, 2022. As of December 31, 2021, the company had 97,716,494 shares in issue (excluding treasury stock) and 480,230 shares in treasury. Reported Earnings • Jan 13
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: JP¥113 (up from JP¥57.93 in FY 2020). Revenue: JP¥126.2b (up 21% from FY 2020). Net income: JP¥11.0b (up 95% from FY 2020). Profit margin: 8.7% (up from 5.4% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.5%. Over the next year, revenue is forecast to grow 5.8%, compared to a 9.3% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Nov 22
Upcoming dividend of JP¥17.00 per share Eligible shareholders must have bought the stock before 29 November 2021. Payment date: 22 February 2022. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (3.2%). Higher than average of industry peers (1.1%). Reported Earnings • Oct 09
Third quarter 2021 earnings released: EPS JP¥31.35 (vs JP¥2.20 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥31.3b (up 41% from 3Q 2020). Net income: JP¥3.06b (up JP¥2.85b from 3Q 2020). Profit margin: 9.8% (up from 1.0% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Reported Earnings • Jul 10
Second quarter 2021 earnings released: EPS JP¥33.41 (vs JP¥12.09 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥33.0b (up 25% from 2Q 2020). Net income: JP¥3.26b (up 177% from 2Q 2020). Profit margin: 9.9% (up from 4.5% 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 34% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Upcoming Dividend • May 21
Upcoming dividend of JP¥11.00 per share Eligible shareholders must have bought the stock before 28 May 2021. Payment date: 28 July 2021. Trailing yield: 1.3%. Lower than top quartile of German dividend payers (3.2%). Higher than average of industry peers (1.1%). Reported Earnings • Apr 11
First quarter 2021 earnings released: EPS JP¥15.30 (vs JP¥24.10 in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: JP¥28.2b (down 2.2% from 1Q 2020). Net income: JP¥1.49b (down 36% from 1Q 2020). Profit margin: 5.3% (down from 8.1% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 31% 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. Aankondiging • Apr 10
OSG Corporation Provides Consolidated Earnings Guidance for First Half and Full Year Ending November 30, 2021 OSG Corporation provided consolidated earnings guidance for first half and full year ending November 30, 2021. For the first half, the company expects net sales to be JPY 56,000 million. Operating income to be JPY 5,000 million. Net income attributable to the company to be JPY 3,100 million. Net income per share to be JPY 31.80.
For the full year ending November 30, 2021, the company expects net sales to be JPY 115,000 million. Operating income to be JPY 11,500 million. Net income attributable to the company to be JPY 7,500 million. Net income per share to be JPY 76.93. Aankondiging • Feb 27
OSG Corporation to Report Q1, 2021 Results on Apr 09, 2021 OSG Corporation announced that they will report Q1, 2021 results on Apr 09, 2021 Analyst Estimate Surprise Post Earnings • Jan 14
Revenue misses expectations Revenue missed analyst estimates by 2.0%. Over the next year, revenue is forecast to grow 11%, compared to a 4.9% growth forecast for the Machinery industry in Germany. Analyst Estimate Surprise Post Earnings • Jan 12
Revenue misses expectations Revenue missed analyst estimates by 2.0%. Over the next year, revenue is forecast to grow 11%, compared to a 5.0% growth forecast for the Machinery industry in Germany. Aankondiging • Jan 12
OSG Corporation, Annual General Meeting, Feb 20, 2021 OSG Corporation, Annual General Meeting, Feb 20, 2021. Reported Earnings • Jan 10
Full year 2020 earnings released: EPS JP¥57.93 The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥104.4b (down 18% from FY 2019). Net income: JP¥5.64b (down 59% from FY 2019). Profit margin: 5.4% (down from 11% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 23% 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. Analyst Estimate Surprise Post Earnings • Jan 10
Revenue misses expectations Revenue missed analyst estimates by 2.0%. Over the next year, revenue is forecast to grow 11%, compared to a 5.0% growth forecast for the Machinery industry in Germany. Is New 90 Day High Low • Jan 06
New 90-day high: €15.30 The company is up 9.0% from its price of €14.10 on 08 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Machinery industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €9.32 per share. Is New 90 Day High Low • Nov 19
New 90-day high: €14.80 The company is up 26% from its price of €11.70 on 21 August 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €8.28 per share. Aankondiging • Nov 19
OSG Corporation to Report Fiscal Year 2020 Results on Jan 08, 2021 OSG Corporation announced that they will report fiscal year 2020 results on Jan 08, 2021 
