Declared Dividend • Jul 26
Final dividend of JP¥45.00 announced Shareholders will receive a dividend of JP¥45.00. Ex-date: 29th September 2026 Payment date: 30th November 2026 Dividend yield will be 476%, which is higher than the industry average of 5.0%. Sustainability & Growth Dividend is not covered by earnings (318% earnings payout ratio). However, it is covered by cash flows (65% cash payout ratio). The dividend has increased by an average of 4.1% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 253% to bring the payout ratio under control. EPS is expected to grow by 107% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. New Risk • Jun 25
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 38% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Minor Risks Dividend is not well covered by earnings (272% payout ratio). Large one-off items impacting financial results. Aankondiging • Jun 20
LIXIL Corporation to Report Q1, 2027 Results on Jul 31, 2026 LIXIL Corporation announced that they will report Q1, 2027 results on Jul 31, 2026 Aankondiging • Apr 30
LIXIL Corporation, Annual General Meeting, Jun 18, 2026 LIXIL Corporation, Annual General Meeting, Jun 18, 2026. Aankondiging • Apr 14
LIXIL Corporation to Report Fiscal Year 2026 Results on Apr 30, 2026 LIXIL Corporation announced that they will report fiscal year 2026 results at 1:00 PM, Tokyo Standard Time on Apr 30, 2026 Aankondiging • Dec 23
LIXIL Corporation to Report Q3, 2026 Results on Jan 30, 2026 LIXIL Corporation announced that they will report Q3, 2026 results on Jan 30, 2026 Aankondiging • Sep 19
LIXIL Corporation to Report Q2, 2026 Results on Oct 31, 2025 LIXIL Corporation announced that they will report Q2, 2026 results on Oct 31, 2025 Aankondiging • Jun 19
LIXIL Corporation to Report Q1, 2026 Results on Jul 31, 2025 LIXIL Corporation announced that they will report Q1, 2026 results on Jul 31, 2025 Aankondiging • Apr 30
LIXIL Corporation, Annual General Meeting, Jun 19, 2025 LIXIL Corporation, Annual General Meeting, Jun 19, 2025. Aankondiging • Mar 07
LIXIL Corporation to Report Fiscal Year 2025 Results on Apr 30, 2025 LIXIL Corporation announced that they will report fiscal year 2025 results on Apr 30, 2025 Aankondiging • Jan 08
Hydrific, part of LIXIL, Redefines Home Water Conservation at CES 2025 Hydrific, part of LIXIL, a new innovator in water technology is set to transform how households manage and conserve water with the debut of Droplet at CES 2025. The powerful home water sensor installs in just five minutes without tools or a plumber and is poised to accelerate home water conservation efforts for smarter, more sustainable living. Hydrific Redefines Home Water Conservation at CES with Best-in-Class Sensor, Droplet. Droplet delivers best-in-class accuracy, measuring flow at a rate of up to 50 times per second, and real-time insights that empower consumers to understand their water habits. With advanced leak detection and detailed tracking, Droplet also helps save money and protects homes from costly water damage, contributing to sustainable water use. At the core of Hydrific's mission is engagement with consumers to shift attitudes toward home water consumption. By combining cutting-edge technology with intuitive design, Droplet simplifies the journey to smarter water use and inspires meaningful change. Key highlights of the Hydrific booth include interactive demonstrations of Droplet's capabilities, including: Real-Time Water Monitoring: Accurate data on water usage to optimize efficiency and reduce waste. Advanced Leak Detection: Early warnings to prevent damage and conserve water. Sustainability at Home: Features to help homeowners contribute to water conservation efforts. Aankondiging • Dec 11
LIXIL Corporation to Report Q3, 2025 Results on Jan 31, 2025 LIXIL Corporation announced that they will report Q3, 2025 results on Jan 31, 2025 Reported Earnings • Nov 01
Second quarter 2025 earnings released: EPS: JP¥6.14 (vs JP¥0.49 in 2Q 2024) Second quarter 2025 results: EPS: JP¥6.14 (up from JP¥0.49 in 2Q 2024). Revenue: JP¥370.0b (flat on 2Q 2024). Net income: JP¥1.76b (up JP¥1.62b from 2Q 2024). Profit margin: 0.5% (up from 0% in 2Q 2024). Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Building industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance. Aankondiging • Oct 30
LIXIL Corporation Declares Dividend for the Second Quarter End of Fiscal Year Ending March 31, 2025, Payable on November 29, 2024 LIXIL Corporation declared dividend of JPY 45.00 per share for the second quarter end of fiscal year ending March 31, 2025 as same as a year ago. Scheduled date to commence dividend payments: November 29, 2024. Aankondiging • Sep 27
LIXIL Corporation to Report Q2, 2025 Results on Oct 30, 2024 LIXIL Corporation announced that they will report Q2, 2025 results on Oct 30, 2024 Upcoming Dividend • Sep 20
Upcoming dividend of JP¥45.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. The company is not currently making a profit but it is cash flow positive. Trailing yield: 5.1%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.0%). Reported Earnings • Aug 02
First quarter 2025 earnings released: JP¥19.88 loss per share (vs JP¥1.55 profit in 1Q 2024) First quarter 2025 results: JP¥19.88 loss per share (down from JP¥1.55 profit in 1Q 2024). Revenue: JP¥369.8b (up 3.0% from 1Q 2024). Net loss: JP¥5.71b (down JP¥6.16b from profit in 1Q 2024). Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Building industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 44 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • Jul 25
Now 26% overvalued after recent price rise Over the last 90 days, the stock has risen 8.5% to €10.80. The fair value is estimated to be €8.54, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 2.7% over the last 3 years. Meanwhile, the company became loss making. Declared Dividend • Jul 11
Final dividend of JP¥45.00 announced Shareholders will receive a dividend of JP¥45.00. Ex-date: 27th September 2024 Payment date: 2nd December 2024 Dividend yield will be 460%, which is higher than the industry average of 5.0%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 8.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Buy Or Sell Opportunity • Jul 02
Now 24% overvalued Over the last 90 days, the stock has fallen 12% to €9.70. The fair value is estimated to be €7.80, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 2.7% over the last 3 years. Meanwhile, the company became loss making. Aankondiging • Jun 26
LIXIL Corporation to Report Q1, 2025 Results on Jul 30, 2024 LIXIL Corporation announced that they will report Q1, 2025 results on Jul 30, 2024 Reported Earnings • Jun 25
Full year 2024 earnings released: JP¥30.47 loss per share (vs JP¥58.57 profit in FY 2023) Full year 2024 results: JP¥30.47 loss per share (down from JP¥58.57 profit in FY 2023). Revenue: JP¥1.48t (flat on FY 2023). Net loss: JP¥8.75b (down 152% from profit in FY 2023). Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Building industry in Europe. 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 23% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Jun 19
Now 20% overvalued Over the last 90 days, the stock has fallen 16% to €9.65. The fair value is estimated to be €8.04, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 2.7% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • May 28
Now 23% overvalued Over the last 90 days, the stock has fallen 9.6% to €10.40. The fair value is estimated to be €8.46, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 2.7% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • May 01
Full year 2024 earnings released: JP¥30.47 loss per share (vs JP¥58.57 profit in FY 2023) Full year 2024 results: JP¥30.47 loss per share (down from JP¥58.57 profit in FY 2023). Revenue: JP¥1.48t (flat on FY 2023). Net loss: JP¥8.75b (down 152% from profit in FY 2023). Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Building industry in Europe. 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 24% per year, which means it has not declined as severely as earnings. Aankondiging • May 01
LIXIL Corporation, Annual General Meeting, Jun 19, 2024 LIXIL Corporation, Annual General Meeting, Jun 19, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥45.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 06 June 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 4.6%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (5.2%). Aankondiging • Mar 20
LIXIL Corporation to Report Fiscal Year 2024 Results on Apr 30, 2024 LIXIL Corporation announced that they will report fiscal year 2024 results on Apr 30, 2024 Reported Earnings • Feb 02
Third quarter 2024 earnings released: EPS: JP¥38.48 (vs JP¥25.48 in 3Q 2023) Third quarter 2024 results: EPS: JP¥38.48 (up from JP¥25.48 in 3Q 2023). Revenue: JP¥390.7b (flat on 3Q 2023). Net income: JP¥11.0b (up 51% from 3Q 2023). Profit margin: 2.8% (up from 1.9% in 3Q 2023). Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Building industry in Europe. Over the last 3 years on average, earnings per share has fallen by 17% per year and the company’s share price has also fallen by 17% per year. Aankondiging • Dec 21
LIXIL Corporation to Report Q3, 2024 Results on Jan 31, 2024 LIXIL Corporation announced that they will report Q3, 2024 results on Jan 31, 2024 Reported Earnings • Nov 02
Second quarter 2024 earnings released: EPS: JP¥0.49 (vs JP¥7.07 loss in 2Q 2023) Second quarter 2024 results: EPS: JP¥0.49 (up from JP¥7.07 loss in 2Q 2023). Revenue: JP¥373.1b (flat on 2Q 2023). Net income: JP¥141.0m (up JP¥2.17b from 2Q 2023). Profit margin: 0% (up from net loss in 2Q 2023). Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Building industry in Europe. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 16% per year, which means it is performing significantly worse than earnings. Aankondiging • Nov 01
Lixil Corporation Announces Interim Dividend for Second Quarter of Fiscal Year Ending March, 2024; Provides Dividend Guidance for the Full Year Ending March 2024 LIXIL Corporation announced to pay the interim dividend of JPY 45 per share for second quarter of fiscal year ending March, 2024. Schedule date of payment of interim dividends is November 30, 2023. For the full year ending March 2024, the company expects to pay the dividend of JPY 45 per share. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥45.00 per share at 4.9% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 27 November 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 4.9%. Within top quartile of German dividend payers (4.8%). In line with average of industry peers (4.7%). Aankondiging • Sep 14
LIXIL Corporation to Report Q2, 2024 Results on Oct 31, 2023 LIXIL Corporation announced that they will report Q2, 2024 results on Oct 31, 2023 Reported Earnings • Jul 30
First quarter 2024 earnings released: EPS: JP¥1.55 (vs JP¥22.68 in 1Q 2023) First quarter 2024 results: EPS: JP¥1.55 (down from JP¥22.68 in 1Q 2023). Revenue: JP¥359.2b (flat on 1Q 2023). Net income: JP¥445.0m (down 93% from 1Q 2023). Profit margin: 0.1% (down from 1.8% in 1Q 2023). Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Building industry in Europe. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Aankondiging • Jul 29
Lixil Corporation Provides Dividend Forecast for the Fiscal Year 2024 LIXIL Corporation provided Dividend forecast of JPY 45.0 for the Fiscal Year 2024 against JPY 45.0 a year ago. Board Change • Jul 25
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Outside Director Shigeki Ishizuka was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. New Risk • Jul 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 German stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (2.7% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 126% Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Profit margins are more than 30% lower than last year (1.1% net profit margin). Reported Earnings • Jun 28
Full year 2023 earnings released: EPS: JP¥58.57 (vs JP¥173 in FY 2022) Full year 2023 results: EPS: JP¥58.57 (down from JP¥173 in FY 2022). Revenue: JP¥1.50t (up 4.7% from FY 2022). Net income: JP¥16.9b (down 67% from FY 2022). Profit margin: 1.1% (down from 3.5% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Building industry in Europe. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Aankondiging • Jun 26
LIXIL Corporation to Report Q1, 2024 Results on Jul 28, 2023 LIXIL Corporation announced that they will report Q1, 2024 results on Jul 28, 2023 Aankondiging • May 23
LIXIL Corporation Announces Dividend for the Fiscal Year Ended March 31, 2023 LIXIL Corporation announced Dividend for the Fiscal Year Ended March 31, 2023 of JPY 45.00, Payable on June 6, 2023. Aankondiging • May 05
LIXIL Corporation Launches Meaningful Bath Design with Stunning Suite Displays LIXIL Corporation showcased two vignettes across its portfolio of industry leading brands, American Standard, GROHE and DXV, at the 2023 HD Expo + Conference trade show. Highlighting its hospitality bath collections, LIXIL's Luxury and Upper Mid-Scale exhibits demonstrate a cohesive relationship between design and functionality, calling to leaders and designers within the hospitality industry's outstanding design community. Embodying the true spirit of the brands - American Standard's unmatched legacy for quality and innovation making life more beautiful, healthier, safer and joyful at home, GROHE's sleek German design and engineering technology which provide exceptional experiences that consistently deliver the Pure Freude an Wasser (Pure Joy of Water), and DXV's timeless design and meticulous craftsmanship that elevate everyday living - LIXIL's presence at HD Expo is centered around two curated bathroom suites, displaying a blend of select products across each brand: Luxury Suite Collection: DXV AT200®?LS Dual Flush Elongated SpaLet®? Toilet Bidet - The DXV AT200 LS SpaLet bidet toilet provides various automated, easily adjustable functions to cultivate a relaxing spa experience. Advanced features harness the power of technology to keep room smelling fresh, with air circulation, room refresh deodorizer, and an air shield deodorizer. GROHE Essence Bathroom Faucet - Available in an array of finishes, the Essence faucet embodies all the elements of precision craftsmanship and design excellence with exclusive GROHE SilkMove®? handle operation, and lasting beauty with the durable finishes. American Standard Spectra Versa®? Rain Showerhead - Indulge in the drenching spray of the 11" Rain showerhead that mimics the feeling of rain. With beautiful finishes that are scratch and embellish resistant, the Spectra+ Rain shower head is easy to clean too, with nozzles that can be easily cleaned from lime and calcium buildup. Upper Mid-Scale Suite Collection: DXV Modulus Shower Base – From the DXV Modulus Collection, the 48" x 36" Solid Surface Shower Base is a bathroom essential, featuring an easy-clean surface that resists buildup, a trench drain that adds to its design appeal, and its smooth, solid surface durability, a dramatic achievement of functional elegance, and breathless style that serves without sacrificing; GROHE Rainshower Smartactive – Available in an array of finishes, The GROHE Rainshower™ SmartActive Shower Head is a sleek, water-saving design engineered in Germany that promises an unparalleled shower experience. This slim shower head features the innovative GROHE SmartToggle™ lever to easily alternate between three spray functions all while using 30% less water than a standard shower head; American Standard Studio S Collection – Inspired by the cool, modern look of urban spaces, Studio S has details and modern silhouettes that will stand out in the bathroom, creating interest and an aesthetic that's sure to impress. Reported Earnings • Apr 30
Full year 2023 earnings released: EPS: JP¥58.57 (vs JP¥173 in FY 2022) Full year 2023 results: EPS: JP¥58.57 (down from JP¥173 in FY 2022). Revenue: JP¥1.50t (up 4.7% from FY 2022). Net income: JP¥16.9b (down 67% from FY 2022). Profit margin: 1.1% (down from 3.5% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Building industry in Europe. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥45.00 per share at 4.1% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 06 June 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 4.1%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.3%). Reported Earnings • Feb 01
Third quarter 2023 earnings released: EPS: JP¥25.47 (vs JP¥54.36 in 3Q 2022) Third quarter 2023 results: EPS: JP¥25.47 (down from JP¥54.36 in 3Q 2022). Revenue: JP¥391.2b (up 3.4% from 3Q 2022). Net income: JP¥7.32b (down 54% from 3Q 2022). Profit margin: 1.9% (down from 4.2% in 3Q 2022). Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Building industry in Europe. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Aankondiging • Dec 22
LIXIL Corporation to Report Q3, 2023 Results on Jan 31, 2023 LIXIL Corporation announced that they will report Q3, 2023 results on Jan 31, 2023 Board Change • Nov 16
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Outside Director Mayumi Tamura was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Nov 12
Investor sentiment improved over the past week After last week's 16% share price gain to €14.90, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 13x in the Building industry in Europe. Negligible returns to shareholders over past three years. Simply Wall St's valuation model estimates the intrinsic value at €18.26 per share. Buying Opportunity • Nov 02
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 26%. The fair value is estimated to be €17.07, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.6% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 1.5% per annum. Earnings is also forecast to grow by 14% per annum over the same time period. Aankondiging • Sep 23
LIXIL Corporation to Report Q2, 2023 Results on Oct 31, 2022 LIXIL Corporation announced that they will report Q2, 2023 results on Oct 31, 2022 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥45.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 28 November 2022. Payout ratio is a comfortable 62% and this is well supported by cash flows. Trailing yield: 4.0%. Lower than top quartile of German dividend payers (5.1%). Higher than average of industry peers (2.4%). Reported Earnings • Jul 31
First quarter 2023 earnings released: EPS: JP¥22.68 (vs JP¥58.00 in 1Q 2022) First quarter 2023 results: EPS: JP¥22.68 (down from JP¥58.00 in 1Q 2022). Revenue: JP¥360.3b (up 4.2% from 1Q 2022). Net income: JP¥6.57b (down 61% from 1Q 2022). Profit margin: 1.8% (down from 4.9% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 5.5%, compared to a 11% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Board Change • Jul 09
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Outside Director Mayumi Tamura was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Jun 30
LIXIL Corporation to Report Q1, 2023 Results on Jul 29, 2022 LIXIL Corporation announced that they will report Q1, 2023 results on Jul 29, 2022 Reported Earnings • Jun 26
Full year 2022 earnings released: EPS: JP¥173 (vs JP¥40.77 in FY 2021) Full year 2022 results: EPS: JP¥173 (up from JP¥40.77 in FY 2021). Revenue: JP¥1.43t (up 3.7% from FY 2021). Net income: JP¥50.4b (up 326% from FY 2021). Profit margin: 3.5% (up from 0.9% in FY 2021). Over the next year, revenue is forecast to grow 6.5%, compared to a 13% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Aankondiging • May 24
LIXIL Corporation Announces Dividend for the Fiscal Year Ended March 31, 2022, Payable on June 6, 2022 LIXIL Corporation announced dividend of JPY 45.00 per share for the fiscal year ended March 31, 2022 as compared to paid dividend of JPY 40.00 per share. Effective date is June 6, 2022. Aankondiging • May 20
DXV Unveils Its Latest Luxury Kitchen Collection Étre DXV unveiled its newest kitchen collection, Étre. The latest pieces are an exquisite representation of the design era known as "Machine Age Modernism," a time when design influencers centered around functionality, practicality and purpose. True to this concept, the Étre Kitchen Collection is defined by sleek, modern lines with adaptable and durable design elements for maximum utility. The Étre Kitchen Collection is comprised of a Pull-Down Kitchen Faucet, Pull-Down Bar Faucet, Single and Double Bowl Apron-Front Sinks in various sizes, and Soap Dispenser. The collection will be available for purchase in showrooms nationwide starting June 2022, with the Étre Apron-Front Sinks following in August. Designed to complement a clean, modern aesthetic, DXV's Étre Kitchen Collection is another testament of the brand's ability to reimagine timeless design. Exceeding expectations with its striking profile and exceptional detailing, the DXV Étre Kitchen Collection features the following: The Étre Pull-Down Kitchen Faucet embodies an intricate knurling texture applied to the touch points – an application often seen on precision tools and premium audio equipment. This kitchen faucet contains a quality ceramic disc valve cartridge for drip-free performance and effortless faucet handle movement. Ideal for a kitchen island or secondary sink for entertaining, the Étre Pull-Down Bar Faucet is accented by a precision-engineered texture that enhances grip on the spray head and lever handle while adding a hint of interest to these key touchpoints. The Étre Apron-Front Sinks are made in Italy and meticulously hand-crafted of fine fireclay with a smooth, glossy Canvas White finish. During the firing process, the fine fireclay is fired at 1,600 degrees Fahrenheit resulting in a highly durable and resistant foundation and a glaze coating is fused with the fireclay. The result is a fully natural, thermal shock and stain resistant sink available in four different configurations with a double bowl or single bowl option. A sleek focal point, they feature an extra-deep 10-inch bowl to handle the demands of every day and entertaining with equal ease. The Étre Soap Dispenser complements the collection's kitchen faucets with expertly matched finishes, offering a classic design that fills from the top for quick and easy refills of soap or hand lotion and a durable push-pump with 2-3/8" spout reach for easy accessibility. The DXV Étre Kitchen and Bar Faucets are available in five finishes: Polished Chrome, Ultra Steel, Matte Black, Satin Brass, and DXV's mixed Matte Black Satin Brass finish. The collection will be available for purchase in showrooms nationwide starting June 2022, with the Étre Apron-Front Sinks following in August. Reported Earnings • Apr 30
Full year 2022 earnings released: EPS: JP¥173 (vs JP¥40.77 in FY 2021) Full year 2022 results: EPS: JP¥173 (up from JP¥40.77 in FY 2021). Revenue: JP¥1.43t (up 3.7% from FY 2021). Net income: JP¥50.4b (up 326% from FY 2021). Profit margin: 3.5% (up from 0.9% in FY 2021). Over the next year, revenue is forecast to grow 4.5%, compared to a 11% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
High number of new and inexperienced directors There are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. 1 experienced director. No highly experienced directors. Representative Executive Officer, President, CEO & Director Kinya Seto is the most experienced director on the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Aankondiging • Apr 05
LIXIL Corporation to Report Fiscal Year 2022 Results on Apr 28, 2022 LIXIL Corporation announced that they will report fiscal year 2022 results on Apr 28, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 07 June 2022. Payout ratio is a comfortable 63% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of German dividend payers (3.6%). Higher than average of industry peers (2.8%). Reported Earnings • Feb 02
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥54.36 (up from JP¥47.60 in 3Q 2021). Revenue: JP¥378.2b (flat on 3Q 2021). Net income: JP¥15.8b (up 14% from 3Q 2021). Profit margin: 4.2% (up from 3.7% in 3Q 2021). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 4.1%, compared to a 10% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Jan 18
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 7.1%. The fair value is estimated to be JP¥26.72, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 11% per annum over the last 3 years. Earnings per share has grown by 51% per annum over the last 3 years. Reported Earnings • Oct 30
Second quarter 2022 earnings released: EPS JP¥31.12 (vs JP¥26.85 in 2Q 2021) The company reported a solid second quarter result with improved earnings and profit margins, although revenues were flat. Second quarter 2022 results: Revenue: JP¥350.5b (flat on 2Q 2021). Net income: JP¥9.05b (up 16% from 2Q 2021). Profit margin: 2.6% (up from 2.2% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 27 November 2021. Trailing yield: 2.6%. Lower than top quartile of German dividend payers (3.2%). Higher than average of industry peers (1.4%). Reported Earnings • Aug 02
First quarter 2022 earnings released: EPS JP¥58.00 (vs JP¥18.10 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¥345.8b (up 11% from 1Q 2021). Net income: JP¥16.9b (up JP¥22.1b from 1Q 2021). Profit margin: 4.9% (up from net loss in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 12% per year. Board Change • Jul 27
High number of new directors There are 7 new directors who have joined the board in the last 3 years. Independent Outside Director Shiho Konno was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jun 27
Full year 2021 earnings released: EPS JP¥40.77 (vs JP¥106 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥1.38t (down 19% from FY 2020). Net income: JP¥11.8b (down 62% from FY 2020). Profit margin: 0.9% (down from 1.8% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Aankondiging • Mar 21
LIXIL Corporation to Cease Material Division Activities At Its Maebashi Factory by the End of March 2023 LIXIL Corporation announced that it has decided to cease material division activities at its Maebashi factory by the end of March 2023, and will transfer the processing division activities from this factory to three other factories within LIXIL: Kasukawa, Oyabe, and Shimotsuma. These measures will optimize the supply capacity of the aluminum materials division of LIXIL Housing Technology (herein after "LHT") in response to changing demand in Japan. Is New 90 Day High Low • Mar 11
New 90-day high: €23.40 The company is up 31% from its price of €17.80 on 11 December 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Building industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €16.11 per share. Reported Earnings • Feb 07
Third quarter 2021 earnings released: EPS JP¥50.32 (vs JP¥26.04 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: JP¥375.0b (down 20% from 3Q 2020). Net income: JP¥14.6b (up 93% from 3Q 2020). Profit margin: 3.9% (up from 1.6% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Feb 07
Revenue beats expectations Revenue exceeded analyst estimates by 1.8%. Over the next year, revenue is expected to shrink by 8.8% compared to a 3.9% growth forecast for the Building industry in Germany. Is New 90 Day High Low • Feb 06
New 90-day high: €21.20 The company is up 15% from its price of €18.50 on 06 November 2020. The German market is also up 15% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Building industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €15.18 per share. Aankondiging • Feb 05
LIXIL Corporation Revises Consolidated Earnings Guidance for the Full Year Ending March 31, 2021 LIXIL Corporation revised consolidated earnings guidance for the full year ending March 31, 2021. For the year the company expected revenues from continuing operations of JPY 1,380,000 million, operating profit from continuing operations of JPY 34,500 million and profit for the year from continuing operations of JPY 15,500 million, profit for the year including discontinued operations of JPY 37,500 million and basic earnings per share from continuing and discontinuing operations of JPY 113.75 compared to previous guidance for revenues from continuing operations of JPY 1,350,000 million, operating profit from continuing operations of JPY 7,000 million and profit for the year from continuing operations of JPY 2,000 million, profit for the year including discontinued operations of JPY 23,000 million and basic earnings per share from continuing and discontinuing operations of JPY 65.49. Aankondiging • Dec 24
LIXIL Corporation to Report Q3, 2020 Results on Feb 05, 2021 LIXIL Corporation announced that they will report Q3, 2020 results on Feb 05, 2021 Aankondiging • Nov 26
Management entered into an agreement to acquire Kawashima Selkon Textiles Co., Ltd. from LIXIL Group Corporation (TSE:5938). Management entered into an agreement to acquire Kawashima Selkon Textiles Co., Ltd. from LIXIL Group Corporation (TSE:5938) on November 24, 2020. The transaction for which it purchases its treasury stock is being funded by the Loan of The Bank of Kyoto, Ltd. and the underwriting of corporate bonds by Kyoto Corporate Growth Support Fund. Susumu Yamaguchi, Koichi Kimura, Akira Mitsuoka and Takashi Higo full time directors will underwrite a third-party allotment of shares from Kawashima, which will result in the acquisition of the total number of shares outstanding. Kawashima Selkon Textiles will no longer be a consolidated subsidiary LIXIL Group Corporation. The financials of Kawashima Selkon Textiles for the financial year ended March 31, 2020 are total assets ¥26.099 billion , net assets ¥15.949 billion, operating profit ¥0.4 billion and revenues ¥29.663 billion The transaction is expected to close on January 6, 2021. Is New 90 Day High Low • Nov 24
New 90-day high: €19.80 The company is up 38% from its price of €14.40 on 26 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Building industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €11.83 per share. Reported Earnings • Nov 19
Second quarter 2021 earnings released: EPS JP¥26.85 The company reported a soft second quarter result with weaker earnings and revenues, although profit margins were improved. Second quarter 2021 results: Revenue: JP¥350.0b (down 27% from 2Q 2020). Net income: JP¥7.79b (down 24% from 2Q 2020). Profit margin: 2.2% (up from 2.1% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 58% 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. Analyst Estimate Surprise Post Earnings • Nov 19
Revenue misses expectations Revenue missed analyst estimates by 1.6%. Over the next year, revenue is forecast to stay flat compared to a 2.8% growth forecast for the Building industry in Germany. Analyst Estimate Surprise Post Earnings • Nov 01
Semi-annual earnings released: Revenue misses expectations Semi-annual revenue missed analyst estimates by 1.6% at JP¥660.5b. Revenue is forecast to stay flat over the next year, compared to a 2.4% growth forecast for the Building industry in Germany. Reported Earnings • Nov 01
First half earnings released Over the last 12 months the company has reported total profits of JP¥10.2b, with earnings increasing by JP¥30.6b from the prior year. Total revenue was JP¥1.43t over the last 12 months, down 24% from the prior year. Is New 90 Day High Low • Nov 01
New 90-day high: €18.10 The company is up 52% from its price of €11.90 on 31 July 2020. The German market is down 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Building industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €11.19 per share. Is New 90 Day High Low • Sep 28
New 90-day high: €17.70 The company is up 44% from its price of €12.30 on 30 June 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Building industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €13.65 per share. Aankondiging • Sep 26
LIXIL Group Corporation to Report Q2, 2021 Results on Oct 30, 2020 LIXIL Group Corporation announced that they will report Q2, 2021 results on Oct 30, 2020 
