Upcoming Dividend • 10h
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 28 August 2026. Payment date: 30 November 2026. Payout ratio is a comfortable 27% but the company is paying out more than the cash it is generating. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (0.6%). Aankondiging • Aug 20
NPC Incorporated to Report Fiscal Year 2026 Results on Oct 07, 2026 NPC Incorporated announced that they will report fiscal year 2026 results on Oct 07, 2026 Valuation Update With 7 Day Price Move • Jul 31
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €3.54, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 32x in the Semiconductor industry in Germany. Negligible returns to shareholders over past three years. Reported Earnings • Jul 14
Third quarter 2026 earnings released: EPS: JP¥2.10 (vs JP¥2.45 in 3Q 2025) Third quarter 2026 results: EPS: JP¥2.10 (down from JP¥2.45 in 3Q 2025). Revenue: JP¥735.0m (down 19% from 3Q 2025). Net income: JP¥44.0m (down 17% from 3Q 2025). Profit margin: 6.0% (up from 5.8% in 3Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has fallen by 1% per year. New Risk • Jul 14
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Dividend per share is over 26x cash flows per share. Dividend yield: 1.5% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (dividend per share is over 26x cash flows per share). Profit margins are more than 30% lower than last year (11% net profit margin). Market cap is less than US$100m (€74.1m market cap, or US$84.3m). Declared Dividend • May 20
Dividend of JP¥10.00 announced Shareholders will receive a dividend of JP¥10.00. Ex-date: 28th August 2026 Payment date: 30th November 2026 Dividend yield will be 267%, which is higher than the industry average of 1.1%. Sustainability & Growth Dividend is covered by earnings (27% earnings payout ratio) but not covered by cash flows (dividend approximately 26x free cash flows). The dividend has increased by an average of 22% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to grow by 105% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • May 20
NPC Incorporated to Report Q3, 2026 Results on Jul 10, 2026 NPC Incorporated announced that they will report Q3, 2026 results on Jul 10, 2026 Aankondiging • Feb 20
NPC Incorporated to Report Q2, 2026 Results on Apr 08, 2026 NPC Incorporated announced that they will report Q2, 2026 results on Apr 08, 2026 Aankondiging • Nov 18
NPC Incorporated to Report Q1, 2026 Results on Jan 13, 2026 NPC Incorporated announced that they will report Q1, 2026 results on Jan 13, 2026 Aankondiging • Aug 20
NPC Incorporated to Report Fiscal Year 2025 Results on Oct 09, 2025 NPC Incorporated announced that they will report fiscal year 2025 results on Oct 09, 2025 Aankondiging • May 14
NPC Incorporated to Report Q3, 2025 Results on Jul 11, 2025 NPC Incorporated announced that they will report Q3, 2025 results on Jul 11, 2025 Aankondiging • Feb 18
NPC Incorporated to Report Q2, 2025 Results on Apr 10, 2025 NPC Incorporated announced that they will report Q2, 2025 results on Apr 10, 2025 Aankondiging • Nov 19
NPC Incorporated to Report Q1, 2025 Results on Jan 10, 2025 NPC Incorporated announced that they will report Q1, 2025 results on Jan 10, 2025 Reported Earnings • Oct 18
Full year 2024 earnings released: EPS: JP¥77.79 (vs JP¥46.15 in FY 2023) Full year 2024 results: EPS: JP¥77.79 (up from JP¥46.15 in FY 2023). Revenue: JP¥10.8b (up 16% from FY 2023). Net income: JP¥1.68b (up 69% from FY 2023). Profit margin: 16% (up from 11% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.2% p.a. on average during the next 2 years, compared to a 7.9% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Sep 18
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.9% to €6.40. The fair value is estimated to be €8.24, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 47%. Revenue is forecast to grow by 43% in 2 years. Earnings are forecast to grow by 39% in the next 2 years. Buy Or Sell Opportunity • Aug 31
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.2% to €6.40. The fair value is estimated to be €8.04, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 47%. Revenue is forecast to grow by 43% in 2 years. Earnings are forecast to grow by 39% in the next 2 years. Valuation Update With 7 Day Price Move • Aug 26
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €6.50, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 13x in the Semiconductor industry in Germany. Total returns to shareholders of 21% over the past three years. Upcoming Dividend • Aug 22
Upcoming dividend of JP¥7.00 per share Eligible shareholders must have bought the stock before 29 August 2024. Payment date: 30 November 2024. Payout ratio is a comfortable 9.9% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (1.2%). Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to €4.72, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 14x in the Semiconductor industry in Germany. Total loss to shareholders of 23% over the past three years. Aankondiging • Aug 02
NPC Incorporated to Report Fiscal Year 2024 Results on Oct 15, 2024 NPC Incorporated announced that they will report fiscal year 2024 results on Oct 15, 2024 Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €6.30, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 16x in the Semiconductor industry in Germany. Total loss to shareholders of 7.2% over the past three years. Reported Earnings • Jul 11
Third quarter 2024 earnings released: EPS: JP¥9.89 (vs JP¥9.66 in 3Q 2023) Third quarter 2024 results: EPS: JP¥9.89 (up from JP¥9.66 in 3Q 2023). Revenue: JP¥1.45b (up 27% from 3Q 2023). Net income: JP¥213.1m (up 2.4% from 3Q 2023). Profit margin: 15% (down from 18% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. New Risk • May 31
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 German stocks, typically moving 11% 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • May 31
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to €6.05, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 14x in the Semiconductor industry in Germany. Total returns to shareholders of 22% over the past three years. Aankondiging • Apr 17
NPC Incorporated to Report Q3, 2024 Results on Jul 09, 2024 NPC Incorporated announced that they will report Q3, 2024 results on Jul 09, 2024 Declared Dividend • Apr 12
Dividend of JP¥7.00 announced Shareholders will receive a dividend of JP¥7.00. Ex-date: 29th August 2024 Payment date: 30th November 2024 Dividend yield will be 113%, which is higher than the industry average of 1.1%. Sustainability & Growth Dividend is well covered by both earnings (10% earnings payout ratio) and cash flows (9% cash payout ratio). The dividend has increased by an average of 23% per year over the past 6 years. However, payments have been volatile during that time. EPS is expected to grow by 27% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • Apr 11
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 8.5% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Apr 11
Second quarter 2024 earnings released: EPS: JP¥21.08 (vs JP¥12.23 in 2Q 2023) Second quarter 2024 results: EPS: JP¥21.08 (up from JP¥12.23 in 2Q 2023). Revenue: JP¥2.86b (down 17% from 2Q 2023). Net income: JP¥454.0m (up 73% from 2Q 2023). Profit margin: 16% (up from 7.6% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Semiconductor 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 fallen by 1% per year, which means it is significantly lagging earnings. Aankondiging • Feb 18
NPC Incorporated to Report Q2, 2024 Results on Apr 10, 2024 NPC Incorporated announced that they will report Q2, 2024 results on Apr 10, 2024 New Risk • Jan 15
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €91.2m (US$99.8m) 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. This is currently the only risk that has been identified for the company. Reported Earnings • Jan 13
First quarter 2024 earnings released: EPS: JP¥1.43 (vs JP¥3.77 loss in 1Q 2023) First quarter 2024 results: EPS: JP¥1.43 (up from JP¥3.77 loss in 1Q 2023). Revenue: JP¥646.1m (down 19% from 1Q 2023). Net income: JP¥30.7m (up JP¥111.7m from 1Q 2023). Profit margin: 4.7% (up from net loss in 1Q 2023). The move to profitability was driven by lower expenses. Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Semiconductor 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 18% per year, which means it is significantly lagging earnings. Aankondiging • Jan 11
NPC Incorporated Provides Dividend Guidance for the Fiscal Year Ending August 31, 2024 NPC Incorporated provided dividend guidance for the fiscal year ending August 31, 2024. For the year, the company expects dividend of JPY 7.00 per share as compared to JPY 6.00 per share paid a year ago. Reported Earnings • Dec 06
Full year 2023 earnings released: EPS: JP¥46.15 (vs JP¥17.59 in FY 2022) Full year 2023 results: EPS: JP¥46.15 (up from JP¥17.59 in FY 2022). Revenue: JP¥9.32b (up 113% from FY 2022). Net income: JP¥993.0m (up 162% from FY 2022). Profit margin: 11% (up from 8.7% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has fallen by 14% 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. Aankondiging • Nov 08
NPC Incorporated to Report Q1, 2024 Results on Jan 11, 2024 NPC Incorporated announced that they will report Q1, 2024 results on Jan 11, 2024 Valuation Update With 7 Day Price Move • Oct 18
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €4.78, the stock trades at a trailing P/E ratio of 18x. Average trailing P/E is 15x in the Semiconductor industry in Germany. Total returns to shareholders of 47% over the past three years. New Risk • Oct 13
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 German stocks, typically moving 8.6% 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. This is currently the only risk that has been identified for the company. Aankondiging • Aug 31
NPC Incorporated Revises Consolidated and Non-Consolidated Financial Guidance for the Fiscal Year Ending August 31, 2023 NPC Incorporated revised Consolidated and Non-Consolidated financial guidance for the fiscal year ending August 31, 2023. For the period, on Consolidated basis, the company expected sales of JPY 9,376 million against the previous guidance of JPY 9,125 million, Operating income of JPY 941 million against the previous guidance of JPY 658 million, Net income attributable to owners of the parent of JPY 952 million against the previous guidance of JPY 533 million and Net income per share of JPY 44.26 against the previous guidance of JPY 24.81.For the period, on NON- Consolidated basis, the company expected sales of JPY 9,228 million against the previous guidance of JPY 9,059 million, Operating income of JPY 876 million against the previous guidance of JPY 641 million, Net income of JPY 919 million against the previous guidance of JPY 520 million and Net income per share of JPY 42.76 against the previous guidance of JPY 24.20. Upcoming Dividend • Aug 23
Upcoming dividend of JP¥2.00 per share at 0.3% yield Eligible shareholders must have bought the stock before 30 August 2023. Payment date: 30 November 2023. Payout ratio is a comfortable 9.7% but the company is not cash flow positive. Trailing yield: 0.3%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (1.1%). Aankondiging • Jul 30
NPC Incorporated to Report Fiscal Year 2023 Results on Oct 11, 2023 NPC Incorporated announced that they will report fiscal year 2023 results on Oct 11, 2023 New Risk • Jul 16
New major risk - Revenue and earnings growth Earnings have declined by 0.4% per year over the past 5 years. 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 declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. 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 have declined by 0.4% per year over the past 5 years. Minor Risk Market cap is less than US$100m (€77.2m market cap, or US$86.7m). Reported Earnings • Jul 16
Third quarter 2023 earnings released: EPS: JP¥9.65 (vs JP¥18.70 in 3Q 2022) Third quarter 2023 results: EPS: JP¥9.65 (down from JP¥18.70 in 3Q 2022). Revenue: JP¥1.14b (down 53% from 3Q 2022). Net income: JP¥207.9m (down 48% from 3Q 2022). Profit margin: 18% (up from 16% in 3Q 2022). The increase in margin was driven by lower expenses. 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 3% per year, which means it is well ahead of earnings. Reported Earnings • Apr 13
Second quarter 2023 earnings released: EPS: JP¥12.23 (vs JP¥1.82 loss in 2Q 2022) Second quarter 2023 results: EPS: JP¥12.23 (up from JP¥1.82 loss in 2Q 2022). Revenue: JP¥3.44b (up 284% from 2Q 2022). Net income: JP¥263.0m (up JP¥302.0m from 2Q 2022). Profit margin: 7.6% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to €3.96, the stock trades at a trailing P/E ratio of 38x. Average trailing P/E is 19x in the Semiconductor industry in Germany. Total returns to shareholders of 34% over the past three years. Aankondiging • Jan 29
NPC Incorporated to Report Q2, 2023 Results on Apr 12, 2023 NPC Incorporated announced that they will report Q2, 2023 results on Apr 12, 2023 Valuation Update With 7 Day Price Move • Jan 18
Investor sentiment improved over the past week After last week's 16% share price gain to €3.54, the stock trades at a trailing P/E ratio of 32.5x. Average trailing P/E is 19x in the Semiconductor industry in Germany. Total loss to shareholders of 11% over the past three years. Reported Earnings • Jan 12
First quarter 2023 earnings released: JP¥3.78 loss per share (vs JP¥1.66 loss in 1Q 2022) First quarter 2023 results: JP¥3.78 loss per share (further deteriorated from JP¥1.66 loss in 1Q 2022). Revenue: JP¥798.4m (up 15% from 1Q 2022). Net loss: JP¥81.3m (loss widened 126% from 1Q 2022). 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. Reported Earnings • Dec 04
Full year 2022 earnings released: EPS: JP¥17.59 (vs JP¥18.76 in FY 2021) Full year 2022 results: EPS: JP¥17.59 (down from JP¥18.76 in FY 2021). Revenue: JP¥4.38b (down 16% from FY 2021). Net income: JP¥379.0m (down 7.8% from FY 2021). Profit margin: 8.7% (up from 7.9% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Dec 02
Investor sentiment improved over the past week After last week's 16% share price gain to €4.02, the stock trades at a trailing P/E ratio of 28.9x. Average trailing P/E is 20x in the Semiconductor industry in Germany. Total returns to shareholders of 40% over the past three years. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 6 highly experienced directors. 2 independent directors (3 non-independent directors). Independent External Director Kenji Terada was the last independent director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Aankondiging • Nov 01
NPC Incorporated to Report Q1, 2023 Results on Jan 11, 2023 NPC Incorporated announced that they will report Q1, 2023 results on Jan 11, 2023 Valuation Update With 7 Day Price Move • Oct 20
Investor sentiment deteriorated over the past week After last week's 23% share price decline to €2.70, the stock trades at a trailing P/E ratio of 23.2x. Average trailing P/E is 15x in the Semiconductor industry in Germany. Total returns to shareholders of 2.3% over the past three years. Reported Earnings • Oct 13
Full year 2022 earnings released: EPS: JP¥17.59 (vs JP¥18.76 in FY 2021) Full year 2022 results: EPS: JP¥17.59 (down from JP¥18.76 in FY 2021). Revenue: JP¥4.38b (down 16% from FY 2021). Net income: JP¥379.0m (down 7.8% from FY 2021). Profit margin: 8.7% (up from 7.9% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Upcoming Dividend • Aug 23
Upcoming dividend of JP¥2.00 per share Eligible shareholders must have bought the stock before 30 August 2022. Payment date: 26 November 2022. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (1.3%). Aankondiging • Aug 19
NPC Incorporated to Report Fiscal Year 2022 Results on Oct 12, 2022 NPC Incorporated announced that they will report fiscal year 2022 results on Oct 12, 2022 Valuation Update With 7 Day Price Move • Jul 27
Investor sentiment improved over the past week After last week's 17% share price gain to €4.22, the stock trades at a trailing P/E ratio of 78.1x. Average trailing P/E is 16x in the Semiconductor industry in Germany. Total returns to shareholders of 71% over the past three years. Reported Earnings • Jul 15
Third quarter 2022 earnings released: EPS: JP¥18.79 (vs JP¥13.90 in 3Q 2021) Third quarter 2022 results: EPS: JP¥18.79 (up from JP¥13.90 in 3Q 2021). Revenue: JP¥2.45b (up 32% from 3Q 2021). Net income: JP¥403.7m (up 33% from 3Q 2021). Profit margin: 17% (in line with 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 4 highly experienced directors. 2 independent directors (3 non-independent directors). Independent External Director Kenji Terada was the last independent director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Apr 14
Second quarter 2022 earnings released: JP¥1.76 loss per share (vs JP¥5.90 profit in 2Q 2021) Second quarter 2022 results: JP¥1.76 loss per share (down from JP¥5.90 profit in 2Q 2021). Revenue: JP¥796.1m (down 48% from 2Q 2021). Net loss: JP¥37.9m (down 129% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Aankondiging • Feb 03
NPC Incorporated to Report Q2, 2022 Results on Apr 12, 2022 NPC Incorporated announced that they will report Q2, 2022 results on Apr 12, 2022 Reported Earnings • Jan 14
First quarter 2022 earnings: Revenues and EPS in line with analyst expectations First quarter 2022 results: JP¥1.66 loss per share (down from JP¥6.52 profit in 1Q 2021). Revenue: JP¥695.0m (down 42% from 1Q 2021). Net loss: JP¥36.0m (down 125% from profit in 1Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Jan 14
NPC Incorporated Provides Consolidated Earnings Guidance for the First Half and Full Year of Fiscal Ending August 31, 2022 NPC Incorporated Provided Consolidated Earnings guidance for the First Half and Fiscal Year Ending August 31, 2022. For the first half of fiscal year 2022, the company expects sales to be 2,350 million, operating income to be 160 million, net income attributable to owners of the parent to be JPY 146 million and earnings per share to be JPY 6.69.For the fiscal year 2022, the company expects sales to be 5,775 million, operating income to be 661 million, net income attributable to owners of the parent to be JPY 641 million and earnings per share to be JPY 29.27. Reported Earnings • Oct 13
Full year 2021 earnings released: EPS JP¥18.76 (vs JP¥34.10 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥5.22b (down 34% from FY 2020). Net income: JP¥411.0m (down 45% from FY 2020). Profit margin: 7.9% (down from 9.4% in FY 2020). The decrease in margin was driven by lower revenue. 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 16% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 11
Investor sentiment improved over the past week After last week's 28% share price gain to €6.80, the stock trades at a trailing P/E ratio of 19.5x. Average trailing P/E is 40x in the Semiconductor industry in Germany. Total returns to shareholders of 174% over the past three years. Upcoming Dividend • Aug 23
Upcoming dividend of JP¥2.00 per share Eligible shareholders must have bought the stock before 30 August 2021. Payment date: 27 November 2021. Trailing yield: 0.3%. Lower than top quartile of German dividend payers (3.1%). Lower than average of industry peers (0.7%). Reported Earnings • Jul 15
Third quarter 2021 earnings released: EPS JP¥13.89 (vs JP¥9.70 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥1.85b (up 15% from 3Q 2020). Net income: JP¥302.7m (up 42% from 3Q 2020). Profit margin: 16% (up from 13% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 42% per year whereas the company’s share price has increased by 39% per year. Aankondiging • Jul 15
NPC Incorporated Provides Earnings Guidance for the Financial Year Ending August 31, 2021 NPC Incorporated provided earnings guidance for the financial year ending August 31, 2021. The company expected to pay sale of JPY 5,539 million, operating income of JPY 515 million, ordinary income of JPY 492 million and net income of JPY 328 million or EPS of JPY 15.01. Valuation Update With 7 Day Price Move • Jun 12
Investor sentiment improved over the past week After last week's 17% share price gain to JP¥5.90, the stock trades at a trailing P/E ratio of 20.2x. Average trailing P/E is 38x in the Semiconductor industry in Germany. Total returns to shareholders of 79% over the past three years. Reported Earnings • Apr 15
Second quarter 2021 earnings released: EPS JP¥5.94 (vs JP¥6.92 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: JP¥1.52b (up 1.9% from 2Q 2020). Net income: JP¥130.0m (down 14% from 2Q 2020). Profit margin: 8.6% (down from 10% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 37% per year whereas the company’s share price has increased by 42% per year. Aankondiging • Apr 13
NPC Incorporated Revises Consolidated and Non-Consolidated Earnings Guidance for the Fiscal Year Ending August 31, 2021 NPC Incorporated revised earnings guidance for the fiscal year ending August 31, 2021. For the year on consolidated basis, the company expects net sales to be JPY 5,539 million compared to JPY 5,849 million a year ago. Operating income of JPY 515 million against JPY 327 million a year ago. Net income attributable to owners of parent of JPY 328 million compared to JPY 277 million a year ago. Earnings per share of JPY 15.01 compared to JPY 12.66 a year ago.
For the year on non-consolidated basis, the company expects net sales to be JPY 5,468 million compared to JPY 5,788 million a year ago. Operating income of JPY 500 million against JPY 339 million a year ago. Net income attributable to owners of parent of JPY 477 million compared to JPY 316 million a year ago. Earnings per share of JPY 14.71 compared to JPY 13.39 a year ago. Is New 90 Day High Low • Feb 28
New 90-day low: €5.50 The company is down 4.0% from its price of €5.70 on 30 November 2020. The German market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 23% over the same period. Aankondiging • Feb 28
NPC Incorporated to Report Q2, 2021 Results on Apr 12, 2021 NPC Incorporated announced that they will report Q2, 2021 results on Apr 12, 2021 Valuation Update With 7 Day Price Move • Feb 13
Investor sentiment improved over the past week After last week's 17% share price gain to JP¥7.10, the stock is trading at a trailing P/E ratio of 21.2x, up from the previous P/E ratio of 18.1x. This compares to an average P/E of 94x in the Semiconductor industry in Germany. Total returns to shareholders over the past three years are 266%. Valuation Update With 7 Day Price Move • Jan 30
Investor sentiment deteriorated over the past week After last week's 19% share price decline to JP¥6.25, the stock is trading at a trailing P/E ratio of 19.7x, down from the previous P/E ratio of 24.2x. This compares to an average P/E of 94x in the Semiconductor industry in Germany. Total returns to shareholders over the past three years are 224%. Reported Earnings • Jan 14
First quarter 2021 earnings released: EPS JP¥6.53 The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: JP¥1.20b (up 70% from 1Q 2020). Net income: JP¥143.2m (up JP¥155.2m from 1Q 2020). Profit margin: 12% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has increased by 57% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jan 09
Investor sentiment improved over the past week After last week's 16% share price gain to JP¥6.80, the stock is trading at a trailing P/E ratio of 26.2x, up from the previous P/E ratio of 22.6x. This compares to an average P/E of 69x in the Semiconductor industry in Germany. Total returns to shareholders over the past three years are 258%. 
