Board Change • Jul 01
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Managing Executive Officer, GM of Engineering Headquarters & Director Hitoshi Nakanishi was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Jun 03
Yurtec Corporation to Report Q1, 2027 Results on Jul 28, 2026 Yurtec Corporation announced that they will report Q1, 2027 results on Jul 28, 2026 Aankondiging • Apr 29
Yurtec Corporation, Annual General Meeting, Jun 26, 2026 Yurtec Corporation, Annual General Meeting, Jun 26, 2026. Aankondiging • Apr 21
Yurtec Corporation to Report Fiscal Year 2026 Results on Apr 28, 2026 Yurtec Corporation announced that they will report fiscal year 2026 results on Apr 28, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥36.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 30 June 2026. Payout ratio is a comfortable 42% but the company is paying out more than the cash it is generating. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.4%). Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥2,607, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 15x in the Construction industry in Japan. Total returns to shareholders of 262% over the past three years. Reported Earnings • Jan 30
Third quarter 2026 earnings released: EPS: JP¥68.91 (vs JP¥55.84 in 3Q 2025) Third quarter 2026 results: EPS: JP¥68.91 (up from JP¥55.84 in 3Q 2025). Revenue: JP¥65.6b (down 7.3% from 3Q 2025). Net income: JP¥4.73b (up 21% from 3Q 2025). Profit margin: 7.2% (up from 5.5% in 3Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Construction industry in Japan. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 54% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Dec 16
Yurtec Corporation to Report Q3, 2026 Results on Jan 29, 2026 Yurtec Corporation announced that they will report Q3, 2026 results on Jan 29, 2026 Declared Dividend • Dec 02
First half dividend of JP¥36.00 announced Shareholders will receive a dividend of JP¥36.00. Ex-date: 30th March 2026 Payment date: 30th June 2026 Dividend yield will be 2.7%, which is lower than the industry average of 2.9%. Sustainability & Growth Dividend is covered by earnings (45% earnings payout ratio) but not covered by cash flows (264% cash payout ratio). The dividend has increased by an average of 22% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 53% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Oct 30
Second quarter 2026 earnings released: EPS: JP¥34.83 (vs JP¥32.59 in 2Q 2025) Second quarter 2026 results: EPS: JP¥34.83 (up from JP¥32.59 in 2Q 2025). Revenue: JP¥62.8b (up 1.2% from 2Q 2025). Net income: JP¥2.39b (up 2.4% from 2Q 2025). Profit margin: 3.8% (in line with 2Q 2025). Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Construction industry in Japan. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 52% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥36.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 02 December 2025. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (2.8%). Aankondiging • Sep 09
Yurtec Corporation to Report Q2, 2026 Results on Oct 29, 2025 Yurtec Corporation announced that they will report Q2, 2026 results on Oct 29, 2025 Reported Earnings • Jul 31
First quarter 2026 earnings released: EPS: JP¥12.16 (vs JP¥7.94 in 1Q 2025) First quarter 2026 results: EPS: JP¥12.16 (up from JP¥7.94 in 1Q 2025). Revenue: JP¥56.0b (up 14% from 1Q 2025). Net income: JP¥835.0m (up 47% from 1Q 2025). Profit margin: 1.5% (up from 1.2% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Construction industry in Japan. 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 51% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Jul 09
Final dividend of JP¥36.00 announced Shareholders will receive a dividend of JP¥36.00. Ex-date: 29th September 2025 Payment date: 2nd December 2025 Dividend yield will be 3.6%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by both earnings (36% earnings payout ratio) and cash flows (51% cash payout ratio). The dividend has increased by an average of 22% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 55% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jul 01
Full year 2025 earnings released: EPS: JP¥170 (vs JP¥105 in FY 2024) Full year 2025 results: EPS: JP¥170 (up from JP¥105 in FY 2024). Revenue: JP¥257.2b (up 5.8% from FY 2024). Net income: JP¥12.0b (up 60% from FY 2024). Profit margin: 4.7% (up from 3.1% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Construction industry in Japan. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Jun 18
Yurtec Corporation to Report Q1, 2026 Results on Jul 30, 2025 Yurtec Corporation announced that they will report Q1, 2026 results on Jul 30, 2025 Reported Earnings • Apr 29
Full year 2025 earnings released: EPS: JP¥170 (vs JP¥105 in FY 2024) Full year 2025 results: EPS: JP¥170 (up from JP¥105 in FY 2024). Revenue: JP¥257.2b (up 5.8% from FY 2024). Net income: JP¥12.0b (up 60% from FY 2024). Profit margin: 4.7% (up from 3.1% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Apr 28
Yurtec Corporation, Annual General Meeting, Jun 27, 2025 Yurtec Corporation, Annual General Meeting, Jun 27, 2025. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 26 June 2025. Payout ratio is a comfortable 36% and the cash payout ratio is 84%. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (3.3%). Aankondiging • Mar 12
Yurtec Corporation to Report Fiscal Year 2025 Results on Apr 28, 2025 Yurtec Corporation announced that they will report fiscal year 2025 results on Apr 28, 2025 New Risk • Jan 31
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 Japanese stocks, typically moving 6.0% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.0% average weekly change). Valuation Update With 7 Day Price Move • Jan 31
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to JP¥1,741, the stock trades at a trailing P/E ratio of 13.7x. Average trailing P/E is 12x in the Construction industry in Japan. Total returns to shareholders of 183% over the past three years. Aankondiging • Jan 03
Yurtec Corporation to Report Q3, 2025 Results on Jan 30, 2025 Yurtec Corporation announced that they will report Q3, 2025 results on Jan 30, 2025 Declared Dividend • Dec 03
First half dividend of JP¥23.00 announced Shareholders will receive a dividend of JP¥23.00. Ex-date: 28th March 2025 Payment date: 26th June 2025 Dividend yield will be 3.1%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by both earnings (35% earnings payout ratio) and cash flows (88% cash payout ratio). The dividend has increased by an average of 18% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 8.4% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 02
Second quarter 2025 earnings released: EPS: JP¥32.58 (vs JP¥24.91 in 2Q 2024) Second quarter 2025 results: EPS: JP¥32.58 (up from JP¥24.91 in 2Q 2024). Revenue: JP¥62.1b (up 8.1% from 2Q 2024). Net income: JP¥2.34b (up 31% from 2Q 2024). Profit margin: 3.8% (up from 3.1% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Sep 26
Yurtec Corporation to Report Q2, 2025 Results on Oct 31, 2024 Yurtec Corporation announced that they will report Q2, 2025 results on Oct 31, 2024 Upcoming Dividend • Sep 20
Upcoming dividend of JP¥23.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 37% but the company is paying out more than the cash it is generating. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (3.3%). Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥1,287, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 10x in the Construction industry in Japan. Total returns to shareholders of 107% over the past three years. Reported Earnings • Aug 01
First quarter 2025 earnings released: EPS: JP¥7.94 (vs JP¥0.91 loss in 1Q 2024) First quarter 2025 results: EPS: JP¥7.94 (up from JP¥0.91 loss in 1Q 2024). Revenue: JP¥49.0b (up 1.2% from 1Q 2024). Net income: JP¥569.0m (up JP¥634.0m from 1Q 2024). Profit margin: 1.2% (up from net loss in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Jul 11
Final dividend of JP¥23.00 announced Shareholders will receive a dividend of JP¥23.00. Ex-date: 27th September 2024 Payment date: 2nd December 2024 Dividend yield will be 3.4%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by earnings (28% earnings payout ratio) but not covered by cash flows (307% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 2.5% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Aankondiging • Jun 13
Yurtec Corporation to Report Q1, 2025 Results on Jul 30, 2024 Yurtec Corporation announced that they will report Q1, 2025 results on Jul 30, 2024 Reported Earnings • Apr 26
Full year 2024 earnings released: EPS: JP¥105 (vs JP¥91.68 in FY 2023) Full year 2024 results: EPS: JP¥105 (up from JP¥91.68 in FY 2023). Revenue: JP¥243.2b (up 7.0% from FY 2023). Net income: JP¥7.51b (up 14% from FY 2023). Profit margin: 3.1% (up from 2.9% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Apr 26
Yurtec Corporation, Annual General Meeting, Jun 25, 2024 Yurtec Corporation, Annual General Meeting, Jun 25, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥16.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 28 June 2024. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (2.7%). Aankondiging • Mar 02
Yurtec Corporation to Report Fiscal Year 2024 Results on Apr 25, 2024 Yurtec Corporation announced that they will report fiscal year 2024 results on Apr 25, 2024 New Risk • Feb 13
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 Japanese stocks, typically moving 5.5% 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. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.5% average weekly change). Valuation Update With 7 Day Price Move • Feb 07
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥1,374, the stock trades at a trailing P/E ratio of 13.7x. Average trailing P/E is 13x in the Construction industry in Japan. Total returns to shareholders of 77% over the past three years. Reported Earnings • Feb 01
Third quarter 2024 earnings released: EPS: JP¥33.31 (vs JP¥36.50 in 3Q 2023) Third quarter 2024 results: EPS: JP¥33.31 (down from JP¥36.50 in 3Q 2023). Revenue: JP¥67.2b (up 9.9% from 3Q 2023). Net income: JP¥2.39b (down 8.6% from 3Q 2023). Profit margin: 3.6% (down from 4.3% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Dec 01
Yurtec Corporation to Report Q3, 2024 Results on Jan 30, 2024 Yurtec Corporation announced that they will report Q3, 2024 results on Jan 30, 2024 Reported Earnings • Nov 01
Second quarter 2024 earnings released: EPS: JP¥24.91 (vs JP¥18.36 in 2Q 2023) Second quarter 2024 results: EPS: JP¥24.91 (up from JP¥18.36 in 2Q 2023). Revenue: JP¥57.4b (up 2.0% from 2Q 2023). Net income: JP¥1.79b (up 36% from 2Q 2023). Profit margin: 3.1% (up from 2.3% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 16% per year. Buying Opportunity • Oct 30
Now 22% undervalued Over the last 90 days, the stock is up 6.6%. The fair value is estimated to be JP¥1,201, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.3% over the last 3 years. Earnings per share has grown by 13%. Buying Opportunity • Oct 03
Now 22% undervalued Over the last 90 days, the stock is up 6.6%. The fair value is estimated to be JP¥1,195, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.3% over the last 3 years. Earnings per share has grown by 13%. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥14.00 per share at 2.8% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 01 December 2023. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.3%). In line with average of industry peers (3.0%). Aankondiging • Sep 01
Yurtec Corporation to Report Q2, 2024 Results on Oct 30, 2023 Yurtec Corporation announced that they will report Q2, 2024 results on Oct 30, 2023 Reported Earnings • Jul 29
First quarter 2024 earnings released: JP¥0.91 loss per share (vs JP¥6.29 loss in 1Q 2023) First quarter 2024 results: JP¥0.91 loss per share (improved from JP¥6.29 loss in 1Q 2023). Revenue: JP¥48.4b (up 10% from 1Q 2023). Net loss: JP¥65.0m (loss narrowed 86% from 1Q 2023). Over the last 3 years on average, earnings per share has increased by 13% per year and the company’s share price has also increased by 13% per year. Aankondiging • Jun 15
Yurtec Corporation to Report Q1, 2024 Results on Jul 28, 2023 Yurtec Corporation announced that they will report Q1, 2024 results on Jul 28, 2023 Reported Earnings • Apr 28
Full year 2023 earnings released: EPS: JP¥91.67 (vs JP¥93.69 in FY 2022) Full year 2023 results: EPS: JP¥91.67 (down from JP¥93.69 in FY 2022). Revenue: JP¥227.4b (flat on FY 2022). Net income: JP¥6.56b (down 2.1% from FY 2022). Profit margin: 2.9% (in line with FY 2022). 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 11% per year. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥14.00 per share at 3.5% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 27 June 2023. Payout ratio is a comfortable 35% but the company is paying out more than the cash it is generating. Trailing yield: 3.5%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (3.6%). Aankondiging • Jan 31
Yurtec Corporation Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2023 Yurtec Corporation provided consolidated earnings guidance for the fiscal year ending March 31, 2023. For the year, the company expected net sales of JPY 231,000 million, Operating profit of JPY 10,000 million, Profit attributable to owners of parent of JPY 6,800 million or Basic EPS of JPY 95.09. Reported Earnings • Jan 31
Third quarter 2023 earnings released: EPS: JP¥36.50 (vs JP¥47.39 in 3Q 2022) Third quarter 2023 results: EPS: JP¥36.50 (down from JP¥47.39 in 3Q 2022). Revenue: JP¥61.1b (down 1.0% from 3Q 2022). Net income: JP¥2.61b (down 23% from 3Q 2022). Profit margin: 4.3% (down from 5.5% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Aankondiging • Dec 26
Yurtec Corporation to Report Q3, 2023 Results on Jan 30, 2023 Yurtec Corporation announced that they will report Q3, 2023 results on Jan 30, 2023 Reported Earnings • Oct 28
Second quarter 2023 earnings released: EPS: JP¥18.36 (vs JP¥12.45 in 2Q 2022) Second quarter 2023 results: EPS: JP¥18.36 (up from JP¥12.45 in 2Q 2022). Revenue: JP¥56.3b (up 2.8% from 2Q 2022). Net income: JP¥1.31b (up 48% from 2Q 2022). Profit margin: 2.3% (up from 1.6% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Oct 03
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 5.0%. The fair value is estimated to be JP¥877, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.1% over the last 3 years. Earnings per share has grown by 13%. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥14.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 01 December 2022. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (3.5%). Aankondiging • Sep 11
Yurtec Corporation to Report Q2, 2023 Results on Oct 27, 2022 Yurtec Corporation announced that they will report Q2, 2023 results on Oct 27, 2022 Reported Earnings • Jul 30
First quarter 2023 earnings released: JP¥6.29 loss per share (vs JP¥8.38 loss in 1Q 2022) First quarter 2023 results: JP¥6.29 loss per share (up from JP¥8.38 loss in 1Q 2022). Revenue: JP¥43.9b (flat on 1Q 2022). Net loss: JP¥450.0m (loss narrowed 25% from 1Q 2022). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Aankondiging • Jun 29
Yurtec Corporation to Report Q1, 2023 Results on Jul 28, 2022 Yurtec Corporation announced that they will report Q1, 2023 results on Jul 28, 2022 Reported Earnings • Apr 28
Full year 2022 earnings released: EPS: JP¥93.69 (vs JP¥80.59 in FY 2021) Full year 2022 results: EPS: JP¥93.69 (up from JP¥80.59 in FY 2021). Revenue: JP¥225.3b (up 14% from FY 2021). Net income: JP¥6.70b (up 16% from FY 2021). Profit margin: 3.0% (in line with FY 2021). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Board Change • Apr 27
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 1 independent director. 11 non-independent directors. Independent External Director Kojiro Kuchi was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Aankondiging • Apr 07
Yurtec Corporation to Report Fiscal Year 2022 Results on Apr 27, 2022 Yurtec Corporation announced that they will report fiscal year 2022 results on Apr 27, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥16.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 27 June 2022. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 4.4%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (3.2%). Reported Earnings • Jan 30
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥47.39 (up from JP¥23.33 in 3Q 2021). Revenue: JP¥61.7b (up 21% from 3Q 2021). Net income: JP¥3.39b (up 103% from 3Q 2021). Profit margin: 5.5% (up from 3.3% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 28
Second quarter 2022 earnings released: EPS JP¥12.45 (vs JP¥10.21 in 2Q 2021) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2022 results: Revenue: JP¥54.8b (up 22% from 2Q 2021). Net income: JP¥890.0m (up 22% from 2Q 2021). Profit margin: 1.6% (in line with 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 8% per year. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 01 December 2021. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.0%). In line with average of industry peers (3.0%). Reported Earnings • Aug 01
First quarter 2022 earnings released: JP¥8.38 loss per share (vs JP¥12.03 loss in 1Q 2021) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2022 results: Revenue: JP¥44.0b (up 21% from 1Q 2021). Net loss: JP¥599.0m (loss narrowed 30% from 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 29
Full year 2021 earnings released: EPS JP¥80.59 (vs JP¥62.51 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥197.1b (down 2.8% from FY 2020). Net income: JP¥5.76b (up 29% from FY 2020). Profit margin: 2.9% (up from 2.2% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 25 June 2021. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (2.7%). In line with average of industry peers (2.6%). Aankondiging • Mar 06
Yurtec Corporation to Report Fiscal Year 2021 Results on Apr 27, 2021 Yurtec Corporation announced that they will report fiscal year 2021 results on Apr 27, 2021 Reported Earnings • Jan 30
Third quarter 2021 earnings released: EPS JP¥23.32 (vs JP¥11.40 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥50.9b (up 7.1% from 3Q 2020). Net income: JP¥1.67b (up 105% from 3Q 2020). Profit margin: 3.3% (up from 1.7% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Jan 18
New 90-day high: JP¥943 The company is up 51% from its price of JP¥625 on 20 October 2020. The Japanese market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is up 7.0% over the same period. 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 JP¥943, the stock is trading at a trailing P/E ratio of 16.2x, up from the previous P/E ratio of 14x. This compares to an average P/E of 9x in the Construction industry in Japan. Total returns to shareholders over the past three years are 16%. 
