Aankondiging • Jun 26
Business Engineering Corporation to Report Q1, 2027 Results on Aug 10, 2026 Business Engineering Corporation announced that they will report Q1, 2027 results on Aug 10, 2026 New Risk • Jun 02
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 3.9% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Reported Earnings • May 13
Full year 2026 earnings released: EPS: JP¥81.77 (vs JP¥55.62 in FY 2025) Full year 2026 results: EPS: JP¥81.77 (up from JP¥55.62 in FY 2025). Revenue: JP¥24.4b (up 18% from FY 2025). Net income: JP¥4.89b (up 47% from FY 2025). Profit margin: 20% (up from 16% in FY 2025). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 2 years compared to a 6.1% growth forecast for the IT 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 only increased by 11% per year, which means it is significantly lagging earnings growth. Aankondiging • May 12
Business Engineering Corporation, Annual General Meeting, Jun 19, 2026 Business Engineering Corporation, Annual General Meeting, Jun 19, 2026. Aankondiging • May 09
Business Engineering Corporation to Report Fiscal Year 2026 Results on May 12, 2026 Business Engineering Corporation announced that they will report fiscal year 2026 results on May 12, 2026 Buy Or Sell Opportunity • Apr 15
Now 21% overvalued Over the last 90 days, the stock has fallen 22% to €6.85. The fair value is estimated to be €5.64, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.1% over the last 3 years. Earnings per share has grown by 24%. Revenue is forecast to grow by 5.1% in 2 years. Earnings are forecast to grow by 8.1% in the next 2 years. Buy Or Sell Opportunity • Mar 25
Now 21% overvalued Over the last 90 days, the stock has fallen 23% to €6.80. The fair value is estimated to be €5.60, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.1% over the last 3 years. Earnings per share has grown by 24%. Revenue is forecast to grow by 5.1% in 2 years. Earnings are forecast to grow by 8.1% in the next 2 years. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥26.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 23 June 2026. Payout ratio is a comfortable 36% and the cash payout ratio is 88%. Trailing yield: 4.2%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (3.0%). Reported Earnings • Feb 08
Third quarter 2026 earnings released Third quarter 2026 results: Revenue: JP¥6.30b (up 22% from 3Q 2025). Net income: JP¥1.21b (up 44% from 3Q 2025). Profit margin: 19% (up from 16% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the IT industry in Germany. Buy Or Sell Opportunity • Jan 23
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 19% to €8.50. The fair value is estimated to be €7.06, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.0% over the last 3 years. Earnings per share has grown by 22%. Revenue is forecast to grow by 21% in 2 years. Earnings are forecast to grow by 20% in the next 2 years. Aankondiging • Dec 27
Business Engineering Corporation to Report Q3, 2026 Results on Feb 06, 2026 Business Engineering Corporation announced that they will report Q3, 2026 results on Feb 06, 2026 Buy Or Sell Opportunity • Dec 09
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 26% to €43.20. The fair value is estimated to be €35.63, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.0% over the last 3 years. Earnings per share has grown by 22%. Revenue is forecast to grow by 21% in 2 years. Earnings are forecast to grow by 20% in the next 2 years. Declared Dividend • Dec 03
First half dividend of JP¥110 announced Shareholders will receive a dividend of JP¥110. Ex-date: 30th March 2026 Payment date: 23rd June 2026 Dividend yield will be 264%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is covered by both earnings (39% earnings payout ratio) and cash flows (74% cash payout ratio). The dividend has increased by an average of 41% 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. EPS is expected to grow by 28% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 09
Second quarter 2026 earnings released: EPS: JP¥93.32 (vs JP¥71.40 in 2Q 2025) Second quarter 2026 results: EPS: JP¥93.32 (up from JP¥71.40 in 2Q 2025). Revenue: JP¥6.24b (up 24% from 2Q 2025). Net income: JP¥1.12b (up 31% from 2Q 2025). Profit margin: 18% (in line with 2Q 2025). Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Sep 26
Business Engineering Corporation to Report Q2, 2026 Results on Nov 07, 2025 Business Engineering Corporation announced that they will report Q2, 2026 results on Nov 07, 2025 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥78.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 03 December 2025. Payout ratio is a comfortable 31% and the cash payout ratio is 78%. Trailing yield: 2.5%. Lower than top quartile of German dividend payers (4.6%). In line with average of industry peers (2.4%). Reported Earnings • Aug 10
First quarter 2026 earnings released: EPS: JP¥114 (vs JP¥67.06 in 1Q 2025) First quarter 2026 results: EPS: JP¥114 (up from JP¥67.06 in 1Q 2025). Revenue: JP¥6.04b (up 20% from 1Q 2025). Net income: JP¥1.37b (up 71% from 1Q 2025). Profit margin: 23% (up from 16% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 24% per year. Valuation Update With 7 Day Price Move • Aug 08
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €34.00, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 17x in the IT industry in Germany. Total returns to shareholders of 105% over the past three years. Declared Dividend • Jul 09
Final dividend of JP¥78.00 announced Shareholders will receive a dividend of JP¥78.00. Ex-date: 29th September 2025 Payment date: 3rd December 2025 Dividend yield will be 265%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is covered by both earnings (35% earnings payout ratio) and cash flows (78% cash payout ratio). The dividend has increased by an average of 36% 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. EPS is expected to grow by 35% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • Jun 29
Business Engineering Corporation to Report Q1, 2026 Results on Aug 08, 2025 Business Engineering Corporation announced that they will report Q1, 2026 results on Aug 08, 2025 Reported Earnings • Jun 24
Full year 2025 earnings released: EPS: JP¥278 (vs JP¥219 in FY 2024) Full year 2025 results: EPS: JP¥278 (up from JP¥219 in FY 2024). Revenue: JP¥20.8b (up 6.6% from FY 2024). Net income: JP¥3.33b (up 27% from FY 2024). Profit margin: 16% (up from 14% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 15
Full year 2025 earnings released: EPS: JP¥278 (vs JP¥219 in FY 2024) Full year 2025 results: EPS: JP¥278 (up from JP¥219 in FY 2024). Revenue: JP¥20.8b (up 6.6% from FY 2024). Net income: JP¥3.33b (up 27% from FY 2024). Profit margin: 16% (up from 14% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.1% p.a. on average during the next 2 years, compared to a 6.3% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 19% per year and the company’s share price has also increased by 19% per year. Aankondiging • May 13
Business Engineering Corporation, Annual General Meeting, Jun 20, 2025 Business Engineering Corporation, Annual General Meeting, Jun 20, 2025. Aankondiging • Mar 27
Business Engineering Corporation to Report Fiscal Year 2025 Results on May 13, 2025 Business Engineering Corporation announced that they will report fiscal year 2025 results on May 13, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥58.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 24 June 2025. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of German dividend payers (4.4%). Higher than average of industry peers (2.3%). Reported Earnings • Feb 09
Third quarter 2025 earnings released: EPS: JP¥70.07 (vs JP¥57.54 in 3Q 2024) Third quarter 2025 results: EPS: JP¥70.07 (up from JP¥57.54 in 3Q 2024). Revenue: JP¥5.17b (up 8.0% from 3Q 2024). Net income: JP¥839.0m (up 22% from 3Q 2024). Profit margin: 16% (up from 14% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 22% per year. Buy Or Sell Opportunity • Feb 07
Now 20% overvalued Over the last 90 days, the stock has fallen 3.3% to €23.80. The fair value is estimated to be €19.78, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.4% over the last 3 years. Earnings per share has grown by 22%. Revenue is forecast to grow by 13% in 2 years. Earnings are forecast to grow by 11% in the next 2 years. Aankondiging • Jan 03
Business Engineering Corporation to Report Q3, 2025 Results on Feb 07, 2025 Business Engineering Corporation announced that they will report Q3, 2025 results on Feb 07, 2025 Declared Dividend • Dec 04
First half dividend of JP¥42.00 announced Shareholders will receive a dividend of JP¥42.00. Ex-date: 28th March 2025 Payment date: 24th June 2025 Dividend yield will be 176%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is well covered by both earnings (19% earnings payout ratio) and cash flows (44% cash payout ratio). The dividend has increased by an average of 28% 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. EPS is expected to grow by 15% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 15
Second quarter 2025 earnings released: EPS: JP¥71.40 (vs JP¥63.31 in 2Q 2024) Second quarter 2025 results: EPS: JP¥71.40 (up from JP¥63.31 in 2Q 2024). Revenue: JP¥5.05b (down 1.1% from 2Q 2024). Net income: JP¥855.0m (up 13% from 2Q 2024). Profit margin: 17% (up from 15% in 2Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 23% per year. Aankondiging • Sep 26
Business Engineering Corporation to Report Q2, 2025 Results on Nov 12, 2024 Business Engineering Corporation announced that they will report Q2, 2025 results on Nov 12, 2024 Upcoming Dividend • Sep 20
Upcoming dividend of JP¥42.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 04 December 2024. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (2.9%). Reported Earnings • Aug 07
First quarter 2025 earnings released: EPS: JP¥67.06 (vs JP¥57.00 in 1Q 2024) First quarter 2025 results: EPS: JP¥67.06 (up from JP¥57.00 in 1Q 2024). Revenue: JP¥5.04b (up 7.2% from 1Q 2024). Net income: JP¥803.0m (up 17% from 1Q 2024). Profit margin: 16% (up from 14% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €20.80, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 15x in the IT industry in Germany. Total returns to shareholders of 84% over the past three years. Buy Or Sell Opportunity • Aug 02
Now 21% undervalued Over the last 90 days, the stock has risen 18% to €24.40. The fair value is estimated to be €30.70, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.8% over the last 3 years. Earnings per share has grown by 28%. For the next 3 years, revenue is forecast to grow by 5.5% per annum. Earnings are also forecast to grow by 6.4% per annum over the same time period. Declared Dividend • Jul 11
Final dividend of JP¥42.00 announced Shareholders will receive a dividend of JP¥42.00. Ex-date: 27th September 2024 Payment date: 4th December 2024 Dividend yield will be 185%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is well covered by both earnings (33% earnings payout ratio) and cash flows (39% cash payout ratio). The dividend has increased by an average of 28% 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. EPS is expected to grow by 21% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Jul 02
Now 12% undervalued Over the last 90 days, the stock has risen 2.8% to €22.00. The fair value is estimated to be €25.10, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.8% over the last 3 years. Earnings per share has grown by 28%. For the next 3 years, revenue is forecast to grow by 5.5% per annum. Earnings are also forecast to grow by 6.4% per annum over the same time period. Aankondiging • Jun 27
Business Engineering Corporation to Report Q1, 2025 Results on Aug 02, 2024 Business Engineering Corporation announced that they will report Q1, 2025 results on Aug 02, 2024 Buy Or Sell Opportunity • Jun 21
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 15% to €20.20. The fair value is estimated to be €25.60, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.8% over the last 3 years. Earnings per share has grown by 28%. For the next 3 years, revenue is forecast to grow by 5.5% per annum. Earnings are also forecast to grow by 6.4% per annum over the same time period. Buy Or Sell Opportunity • Jun 18
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 13% to €20.40. The fair value is estimated to be €25.72, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.8% over the last 3 years. Earnings per share has grown by 28%. For the next 3 years, revenue is forecast to grow by 5.5% per annum. Earnings are also forecast to grow by 6.4% per annum over the same time period. Buy Or Sell Opportunity • Jun 12
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 11% to €20.40. The fair value is estimated to be €25.82, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.8% over the last 3 years. Earnings per share has grown by 28%. For the next 3 years, revenue is forecast to grow by 5.5% per annum. Earnings are also forecast to grow by 6.4% per annum over the same time period. Buy Or Sell Opportunity • May 15
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 17% to €20.60. The fair value is estimated to be €26.12, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.8% over the last 3 years. Earnings per share has grown by 28%. Revenue is forecast to grow by 10% in 2 years. Earnings are forecast to grow by 12% in the next 2 years. Reported Earnings • May 13
Full year 2024 earnings released: EPS: JP¥219 (vs JP¥194 in FY 2023) Full year 2024 results: EPS: JP¥219 (up from JP¥194 in FY 2023). Revenue: JP¥19.5b (up 5.3% from FY 2023). Net income: JP¥2.63b (up 13% from FY 2023). Profit margin: 14% (in line with FY 2023). Revenue is forecast to grow 4.9% p.a. on average during the next 2 years, compared to a 9.0% growth forecast for the IT 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 18% per year, which means it is significantly lagging earnings growth. Aankondiging • May 12
Business Engineering Corporation, Annual General Meeting, Jun 21, 2024 Business Engineering Corporation, Annual General Meeting, Jun 21, 2024. Buy Or Sell Opportunity • Apr 25
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 27% to €20.80. The fair value is estimated to be €26.48, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.3% over the last 3 years. Earnings per share has grown by 30%. Revenue is forecast to grow by 9.5% in 2 years. Earnings are forecast to grow by 5.2% in the next 2 years. Buy Or Sell Opportunity • Apr 03
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 18% to €21.20. The fair value is estimated to be €26.70, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.3% over the last 3 years. Earnings per share has grown by 30%. Revenue is forecast to grow by 9.5% in 2 years. Earnings are forecast to grow by 5.2% in the next 2 years. Aankondiging • Mar 27
Business Engineering Corporation to Report Fiscal Year 2024 Results on May 10, 2024 Business Engineering Corporation announced that they will report fiscal year 2024 results on May 10, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥44.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 26 June 2024. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of German dividend payers (4.9%). In line with average of industry peers (2.2%). Aankondiging • Feb 24
Business Engineering Corporation (TSE:4828) agreed to acquire an unknown stake in Aureole Information Technology Inc. Business Engineering Corporation (TSE:4828) agreed to acquire an unknown stake in Aureole Information Technology Inc on February 22, 2024. Reported Earnings • Feb 11
Third quarter 2024 earnings released: EPS: JP¥57.54 (vs JP¥52.08 in 3Q 2023) Third quarter 2024 results: EPS: JP¥57.54 (up from JP¥52.08 in 3Q 2023). Revenue: JP¥4.78b (down 1.9% from 3Q 2023). Net income: JP¥689.0m (up 10% from 3Q 2023). Profit margin: 14% (up from 13% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 30% per year whereas the company’s share price has increased by 26% per year. Aankondiging • Dec 28
Business Engineering Corporation to Report Q3, 2024 Results on Feb 09, 2024 Business Engineering Corporation announced that they will report Q3, 2024 results on Feb 09, 2024 Reported Earnings • Nov 12
Second quarter 2024 earnings released: EPS: JP¥63.31 (vs JP¥42.92 in 2Q 2023) Second quarter 2024 results: EPS: JP¥63.31 (up from JP¥42.92 in 2Q 2023). Revenue: JP¥5.11b (up 14% from 2Q 2023). Net income: JP¥759.0m (up 47% from 2Q 2023). Profit margin: 15% (up from 12% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Aankondiging • Oct 06
Business Engineering Corporation to Report Q2, 2024 Results on Nov 10, 2023 Business Engineering Corporation announced that they will report Q2, 2024 results on Nov 10, 2023 Buying Opportunity • Oct 03
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 2.0%. The fair value is estimated to be €25.22, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 29%. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥32.00 per share at 1.9% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 04 December 2023. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (2.2%). Reported Earnings • Aug 09
First quarter 2024 earnings released: EPS: JP¥57.00 (vs JP¥47.92 in 1Q 2023) First quarter 2024 results: EPS: JP¥57.00 (up from JP¥47.92 in 1Q 2023). Revenue: JP¥4.70b (up 7.3% from 1Q 2023). Net income: JP¥684.0m (up 19% from 1Q 2023). Profit margin: 14% (up from 13% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Jul 07
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 4.8%. The fair value is estimated to be €24.76, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 30%. Aankondiging • Jul 07
Business Engineering Corporation to Report Q1, 2024 Results on Aug 04, 2023 Business Engineering Corporation announced that they will report Q1, 2024 results on Aug 04, 2023 Reported Earnings • May 15
Full year 2023 earnings released: EPS: JP¥194 (vs JP¥137 in FY 2022) Full year 2023 results: EPS: JP¥194 (up from JP¥137 in FY 2022). Revenue: JP¥18.5b (up 4.2% from FY 2022). Net income: JP¥2.33b (up 42% from FY 2022). Profit margin: 13% (up from 9.3% in FY 2022). Over the last 3 years on average, earnings per share has increased by 30% per year whereas the company’s share price has increased by 32% per year. Aankondiging • May 12
Business Engineering Corporation, Annual General Meeting, Jun 23, 2023 Business Engineering Corporation, Annual General Meeting, Jun 23, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥43.00 per share at 2.3% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 27 June 2023. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (1.6%). Reported Earnings • Feb 13
Third quarter 2023 earnings released: EPS: JP¥52.08 (vs JP¥42.90 in 3Q 2022) Third quarter 2023 results: EPS: JP¥52.08 (up from JP¥42.90 in 3Q 2022). Revenue: JP¥4.87b (up 11% from 3Q 2022). Net income: JP¥625.0m (up 22% from 3Q 2022). Profit margin: 13% (up from 12% in 3Q 2022). The increase in margin was driven by higher 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 10% per year, which means it is significantly lagging earnings growth. Aankondiging • Dec 29
Business Engineering Corporation to Report Q3, 2023 Results on Feb 09, 2023 Business Engineering Corporation announced that they will report Q3, 2023 results on Feb 09, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: JP¥42.92 (vs JP¥56.99 in 2Q 2022) Second quarter 2023 results: EPS: JP¥42.92 (down from JP¥56.99 in 2Q 2022). Revenue: JP¥4.48b (down 7.3% from 2Q 2022). Net income: JP¥515.0m (down 24% from 2Q 2022). Profit margin: 12% (down from 14% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 3 highly experienced directors. 4 independent directors (6 non-independent directors). Independent Outside Director Naoki Shimizu was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Aankondiging • Sep 30
Business Engineering Corporation to Report Q2, 2023 Results on Nov 11, 2022 Business Engineering Corporation announced that they will report Q2, 2023 results on Nov 11, 2022 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥21.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 02 December 2022. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of German dividend payers (5.1%). In line with average of industry peers (1.8%). Buying Opportunity • Aug 08
Now 21% undervalued Over the last 90 days, the stock is up 30%. The fair value is estimated to be €23.15, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 23%. Reported Earnings • Aug 05
First quarter 2023 earnings released: EPS: JP¥47.92 (vs JP¥9.16 in 1Q 2022) First quarter 2023 results: EPS: JP¥47.92 (up from JP¥9.16 in 1Q 2022). Revenue: JP¥4.38b (up 9.0% from 1Q 2022). Net income: JP¥575.0m (up 428% from 1Q 2022). Profit margin: 13% (up from 2.7% in 1Q 2022). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 19% per year. Aankondiging • Jun 30
Business Engineering Corporation to Report Q1, 2023 Results on Aug 04, 2022 Business Engineering Corporation announced that they will report Q1, 2023 results on Aug 04, 2022 Aankondiging • Jun 22
Business Engineering Corporation Provides Earnings Guidance for the First Half of Fiscal Year 2023 and Full Year Ending March 31, 2023 Business Engineering Corporation provided earnings guidance for the first half of fiscal year 2023 and full year ending March 31, 2023. For the first half, the company expected net sales of JPY 8,900 million, operating profit of JPY 1,230 million, ordinary profit of JPY 1,230 million and profit attributable to owners of parent of JPY 830 million or Basic EPS of JPY 138.33.For the full year, the company expected net sales of JPY 17,900 million, operating profit of JPY 2,600 million, ordinary profit of JPY 2,600 million and profit attributable to owners of parent of JPY 1,770 million or Basic EPS of JPY 295.00. Reported Earnings • May 15
Full year 2022 earnings released: EPS: JP¥275 (vs JP¥233 in FY 2021) Full year 2022 results: EPS: JP¥275 (up from JP¥233 in FY 2021). Revenue: JP¥17.8b (flat on FY 2021). Net income: JP¥1.64b (up 19% from FY 2021). Profit margin: 9.3% (up from 7.7% in FY 2021). Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 20% per year. Aankondiging • May 12
Business Engineering Corporation, Annual General Meeting, Jun 24, 2022 Business Engineering Corporation, Annual General Meeting, Jun 24, 2022. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 4 highly experienced directors. 4 independent directors (7 non-independent directors). Independent Outside Director Naoki Shimizu was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Aankondiging • Apr 08
Business Engineering Corporation to Report Fiscal Year 2022 Results on May 12, 2022 Business Engineering Corporation announced that they will report fiscal year 2022 results on May 12, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥49.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 28 June 2022. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (3.6%). Higher than average of industry peers (1.0%). Reported Earnings • Feb 11
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥85.80 (up from JP¥44.30 in 3Q 2021). Revenue: JP¥4.39b (up 2.0% from 3Q 2021). Net income: JP¥514.0m (up 96% from 3Q 2021). Profit margin: 12% (up from 6.1% in 3Q 2021). The increase in margin was primarily driven by lower expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 20% per year. Reported Earnings • Nov 17
Second quarter 2022 earnings released: EPS JP¥114 (vs JP¥51.44 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥4.83b (up 11% from 2Q 2021). Net income: JP¥681.0m (up 124% from 2Q 2021). Profit margin: 14% (up from 7.0% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 19% per year. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥35.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 02 December 2021. Trailing yield: 1.9%. Lower than top quartile of German dividend payers (3.2%). Higher than average of industry peers (0.9%). Reported Earnings • Aug 09
First quarter 2022 earnings released: EPS JP¥18.32 (vs JP¥89.34 in 1Q 2021) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥4.02b (down 13% from 1Q 2021). Net income: JP¥109.0m (down 79% from 1Q 2021). Profit margin: 2.7% (down from 11% in 1Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 15% per year and the company’s share price has also increased by 15% per year. Aankondiging • Jun 23
Business Engineering Corporation Provides Consolidated and Non-Consolidated Earnings Guidance for the First Half and Fiscal Full Year Ending March 31, 2022 Business Engineering Corporation provided consolidated and non-consolidated earnings guidance for the first half and fiscal full year ending March 31, 2022. For the half year, on consolidated basis net sales of JPY 8,400 million, Profit of JPY 1,000 million, Profit attributable to owners of parent was JPY 670 million, basic earnings per share of JPY 112.39.
For the Full year, on consolidated basis, net sales of JPY 17,900 million, Profit of JPY 2,100 million, Profit attributable to owners of parent was JPY 1,400 million, basic earnings per share of JPY 234.19.
For the half year, on non-consolidated basis, net sales of JPY 8,200 million, Profit of JPY 600 million, basic earnings per share of JPY 100.65.
For the Full year, on non-consolidated basis, net sales of JPY 17,500 million, Profit of JPY 1,200 million, basic earnings per share of JPY 200.74. Reported Earnings • May 16
Full year 2021 earnings released: EPS JP¥233 (vs JP¥145 in FY 2020) The company reported a solid full year result with improved earnings and profit margins, although revenues were flat. Full year 2021 results: Revenue: JP¥17.9b (flat on FY 2020). Net income: JP¥1.38b (up 62% from FY 2020). Profit margin: 7.7% (up from 4.8% in FY 2020). Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 20% per year. Upcoming Dividend • Mar 23
Upcoming Dividend of JP¥48.00 Per Share Will be paid on the 22nd of June to those who are registered shareholders by the 30th of March. The trailing yield of 2.0% is below the top quartile of German dividend payers (3.3%), but it is higher than industry peers (1.1%). Reported Earnings • Feb 06
Third quarter 2021 earnings released: EPS JP¥44.30 (vs JP¥22.10 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¥4.30b (down 5.9% from 3Q 2020). Net income: JP¥262.0m (up 101% from 3Q 2020). Profit margin: 6.1% (up from 2.8% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 28% per year whereas the company’s share price has increased by 27% per year.