Buy Or Sell Opportunity • Jul 17
Now 27% undervalued Over the last 90 days, the stock has risen 9.4% to JP¥2,961. The fair value is estimated to be JP¥4,056, 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 declined by 9.0%. New Risk • Jul 09
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 6.5% 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: Major Risk Earnings have declined by 11% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.5% average weekly change). Market cap is less than US$100m (JP¥5.19b market cap, or US$31.9m). Valuation Update With 7 Day Price Move • Jun 22
Investor sentiment improves as stock rises 12% After last week's 12% share price gain to JP¥3,695, the stock trades at a trailing P/E ratio of 21.8x. Average trailing P/E is 15x in the Machinery industry in Japan. Total returns to shareholders of 97% over the past three years. Upcoming Dividend • Jun 22
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 29 June 2026. Payment date: 31 August 2026. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of Japanese dividend payers (3.9%). Lower than average of industry peers (1.6%). Aankondiging • Jun 17
CONVUM Ltd. to Report Q2, 2026 Results on Aug 12, 2026 CONVUM Ltd. announced that they will report Q2, 2026 results on Aug 12, 2026 Reported Earnings • May 20
First quarter 2026 earnings released: EPS: JP¥51.30 (vs JP¥43.69 in 1Q 2025) First quarter 2026 results: EPS: JP¥51.30 (up from JP¥43.69 in 1Q 2025). Revenue: JP¥561.0m (up 16% from 1Q 2025). Net income: JP¥78.0m (up 15% from 1Q 2025). Profit margin: 14% (in line with 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Reported Earnings • Feb 16
Full year 2025 earnings released: EPS: JP¥162 (vs JP¥159 in FY 2024) Full year 2025 results: EPS: JP¥162 (up from JP¥159 in FY 2024). Revenue: JP¥1.98b (up 7.1% from FY 2024). Net income: JP¥248.0m (flat on FY 2024). Profit margin: 13% (in line with FY 2024). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Aankondiging • Feb 13
CONVUM Ltd., Annual General Meeting, Mar 27, 2026 CONVUM Ltd., Annual General Meeting, Mar 27, 2026. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 24 March 2026. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.9%). Aankondiging • Dec 03
CONVUM Ltd. to Report Fiscal Year 2025 Results on Feb 13, 2026 CONVUM Ltd. announced that they will report fiscal year 2025 results at 3:00 PM, Tokyo Standard Time on Feb 13, 2026 Aankondiging • Sep 02
CONVUM Ltd. to Report Q3, 2025 Results on Nov 14, 2025 CONVUM Ltd. announced that they will report Q3, 2025 results on Nov 14, 2025 New Risk • Sep 02
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 4.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 2.3% per year over the past 5 years. 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 (4.9% average weekly change). Market cap is less than US$100m (JP¥3.40b market cap, or US$23.1m). New Risk • Aug 10
New major risk - Revenue and earnings growth Earnings have declined by 2.3% 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 2.3% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (JP¥3.57b market cap, or US$24.2m). Reported Earnings • Aug 10
Second quarter 2025 earnings released: EPS: JP¥35.10 (vs JP¥44.99 in 2Q 2024) Second quarter 2025 results: EPS: JP¥35.10 (down from JP¥44.99 in 2Q 2024). Revenue: JP¥495.0m (up 2.7% from 2Q 2024). Net income: JP¥54.0m (down 23% from 2Q 2024). Profit margin: 11% (down from 14% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Upcoming Dividend • Jun 20
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 27 June 2025. Payment date: 01 September 2025. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (4.0%). In line with average of industry peers (2.2%). Aankondiging • May 31
CONVUM Ltd. to Report Q2, 2025 Results on Aug 08, 2025 CONVUM Ltd. announced that they will report Q2, 2025 results on Aug 08, 2025 Reported Earnings • May 21
First quarter 2025 earnings released: EPS: JP¥43.69 (vs JP¥30.85 in 1Q 2024) First quarter 2025 results: EPS: JP¥43.69 (up from JP¥30.85 in 1Q 2024). Revenue: JP¥485.0m (up 14% from 1Q 2024). Net income: JP¥68.0m (up 42% from 1Q 2024). Profit margin: 14% (up from 11% in 1Q 2024). The increase in margin was driven by higher revenue. 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 4% per year, which means it is well ahead of earnings. Aankondiging • May 17
CONVUM Ltd. (TSE:6265) announces an Equity Buyback for 50,000 shares, representing 3.21% for ¥100.9 million. CONVUM Ltd. (TSE:6265) announces a share repurchase program. Under the program, the company will repurchase up to 50,000 shares, representing 3.21% of its issued share capital (excluding treasury stock), for a total purchase price of ¥100.90 million. The shares will be repurchased at a price of ¥2,018 per share. The purpose of the program is to implement flexible capital policy in response to changes in the business environment and as part of our shareholder return measures. As of March 31, 2025, the company has 1,556,552 issued shares (excluding treasury stock) and 100,448 treasury shares. Buy Or Sell Opportunity • May 09
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.6% to JP¥1,976. The fair value is estimated to be JP¥2,472, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Earnings per share has declined by 27%. Buy Or Sell Opportunity • Apr 21
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.1% to JP¥2,000. The fair value is estimated to be JP¥2,536, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Earnings per share has declined by 27%. Buy Or Sell Opportunity • Apr 02
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.5% to JP¥1,991. The fair value is estimated to be JP¥2,498, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Earnings per share has declined by 27%. Reported Earnings • Mar 27
Full year 2024 earnings released: EPS: JP¥159 (vs JP¥152 in FY 2023) Full year 2024 results: EPS: JP¥159 (up from JP¥152 in FY 2023). Revenue: JP¥1.85b (down 3.8% from FY 2023). Net income: JP¥248.0m (up 4.6% from FY 2023). Profit margin: 13% (up from 12% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Mar 05
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.3% to JP¥1,975. The fair value is estimated to be JP¥2,477, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Earnings per share has declined by 27%. Aankondiging • Mar 04
CONVUM Ltd. to Report Q1, 2025 Results on May 15, 2025 CONVUM Ltd. announced that they will report Q1, 2025 results on May 15, 2025 Aankondiging • Feb 17
CONVUM Ltd., Annual General Meeting, Mar 21, 2025 CONVUM Ltd., Annual General Meeting, Mar 21, 2025. Reported Earnings • Feb 17
Full year 2024 earnings released: EPS: JP¥159 (vs JP¥152 in FY 2023) Full year 2024 results: EPS: JP¥159 (up from JP¥152 in FY 2023). Revenue: JP¥1.85b (down 3.8% from FY 2023). Net income: JP¥248.0m (up 4.6% from FY 2023). Profit margin: 13% (up from 12% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Upcoming Dividend • Dec 20
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 25 March 2025. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.8%). In line with average of industry peers (2.3%). Aankondiging • Dec 03
CONVUM Ltd. to Report Fiscal Year 2024 Results on Feb 14, 2025 CONVUM Ltd. announced that they will report fiscal year 2024 results on Feb 14, 2025 Aankondiging • Aug 27
CONVUM Ltd. to Report Q3, 2024 Results on Nov 14, 2024 CONVUM Ltd. announced that they will report Q3, 2024 results on Nov 14, 2024 Aankondiging • Jun 28
CONVUM Ltd. to Report Q2, 2024 Results on Aug 09, 2024 CONVUM Ltd. announced that they will report Q2, 2024 results on Aug 09, 2024 Upcoming Dividend • Jun 20
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 27 June 2024. Payment date: 28 August 2024. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (2.1%). Buy Or Sell Opportunity • Jun 03
Now 20% undervalued The stock has been flat over the last 90 days, currently trading at JP¥1,981. The fair value is estimated to be JP¥2,489, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.0% over the last 3 years. Earnings per share has declined by 8.0%. Reported Earnings • May 20
First quarter 2024 earnings released: EPS: JP¥30.85 (vs JP¥37.92 in 1Q 2023) First quarter 2024 results: EPS: JP¥30.85 (down from JP¥37.92 in 1Q 2023). Revenue: JP¥427.0m (down 15% from 1Q 2023). Net income: JP¥48.0m (down 19% from 1Q 2023). Profit margin: 11% (in line with 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Aankondiging • Mar 29
CONVUM Ltd. to Report Q1, 2024 Results on May 15, 2024 CONVUM Ltd. announced that they will report Q1, 2024 results on May 15, 2024 Reported Earnings • Mar 28
Full year 2023 earnings released: EPS: JP¥152 (vs JP¥294 in FY 2022) Full year 2023 results: EPS: JP¥152 (down from JP¥294 in FY 2022). Revenue: JP¥1.92b (down 19% from FY 2022). Net income: JP¥237.0m (down 48% from FY 2022). Profit margin: 12% (down from 19% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 6% per year. Buy Or Sell Opportunity • Mar 06
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 14% to JP¥2,016. The fair value is estimated to be JP¥1,674, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 4.8% over the last 3 years, while earnings per share has been flat. Reported Earnings • Feb 17
Full year 2023 earnings released: EPS: JP¥152 (vs JP¥294 in FY 2022) Full year 2023 results: EPS: JP¥152 (down from JP¥294 in FY 2022). Revenue: JP¥1.92b (down 19% from FY 2022). Net income: JP¥237.0m (down 48% from FY 2022). Profit margin: 12% (down from 19% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 3% per year. Aankondiging • Feb 16
CONVUM Ltd., Annual General Meeting, Mar 22, 2024 CONVUM Ltd., Annual General Meeting, Mar 22, 2024. Upcoming Dividend • Dec 21
Upcoming dividend of JP¥25.00 per share at 3.4% yield Eligible shareholders must have bought the stock before 28 December 2023. Payment date: 27 March 2024. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (2.2%). Aankondiging • Dec 13
CONVUM Ltd. to Report Fiscal Year 2023 Results on Feb 14, 2024 CONVUM Ltd. announced that they will report fiscal year 2023 results on Feb 14, 2024 New Risk • Nov 20
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 14% Last year net profit margin: 20% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. 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. Profit margins are more than 30% lower than last year (14% net profit margin). Market cap is less than US$100m (JP¥2.67b market cap, or US$17.8m). Reported Earnings • Nov 20
Third quarter 2023 earnings released: EPS: JP¥36.63 (vs JP¥79.69 in 3Q 2022) Third quarter 2023 results: EPS: JP¥36.63 (down from JP¥79.69 in 3Q 2022). Revenue: JP¥470.0m (down 22% from 3Q 2022). Net income: JP¥57.0m (down 54% from 3Q 2022). Profit margin: 12% (down from 21% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 14
Second quarter 2023 earnings released: EPS: JP¥41.10 (vs JP¥78.41 in 2Q 2022) Second quarter 2023 results: EPS: JP¥41.10 (down from JP¥78.41 in 2Q 2022). Revenue: JP¥464.0m (down 22% from 2Q 2022). Net income: JP¥64.0m (down 48% from 2Q 2022). Profit margin: 14% (down from 21% 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 24% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 22
Upcoming dividend of JP¥25.00 per share at 2.5% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 06 September 2023. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (2.1%). Aankondiging • Jun 21
CONVUM Ltd. to Report Q2, 2023 Results on Aug 10, 2023 CONVUM Ltd. announced that they will report Q2, 2023 results on Aug 10, 2023 Reported Earnings • May 18
First quarter 2023 earnings released: EPS: JP¥37.90 (vs JP¥80.98 in 1Q 2022) First quarter 2023 results: EPS: JP¥37.90 (down from JP¥80.98 in 1Q 2022). Revenue: JP¥503.0m (down 24% from 1Q 2022). Net income: JP¥59.0m (down 53% from 1Q 2022). Profit margin: 12% (down from 19% in 1Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 29
Full year 2022 earnings released Full year 2022 results: Revenue: JP¥2.38b (down 3.6% from FY 2021). Net income: JP¥458.0m (up 14% from FY 2021). Profit margin: 19% (up from 16% in FY 2021). The increase in margin was driven by lower expenses. Reported Earnings • Feb 18
Full year 2022 earnings released: EPS: JP¥294 (vs JP¥258 in FY 2021) Full year 2022 results: EPS: JP¥294 (up from JP¥258 in FY 2021). Revenue: JP¥2.38b (down 3.6% from FY 2021). Net income: JP¥458.0m (up 14% from FY 2021). Profit margin: 19% (up from 16% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Aankondiging • Feb 18
CONVUM Ltd., Annual General Meeting, Mar 24, 2023 CONVUM Ltd., Annual General Meeting, Mar 24, 2023. Buying Opportunity • Feb 17
Now 20% undervalued Over the last 90 days, the stock is up 4.5%. The fair value is estimated to be JP¥2,600, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.6% over the last 3 years. Earnings per share has grown by 42%. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥35.00 per share Eligible shareholders must have bought the stock before 29 December 2022. Payment date: 28 March 2023. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.6%). Aankondiging • Dec 14
CONVUM Ltd. to Report Fiscal Year 2022 Results on Feb 14, 2023 CONVUM Ltd. announced that they will report fiscal year 2022 results on Feb 14, 2023 Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: JP¥79.61 (vs JP¥70.05 in 3Q 2021) Third quarter 2022 results: EPS: JP¥79.61 (up from JP¥70.05 in 3Q 2021). Revenue: JP¥600.0m (down 2.1% from 3Q 2021). Net income: JP¥124.0m (up 14% from 3Q 2021). Profit margin: 21% (up from 18% in 3Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 3 highly experienced directors. No independent directors (6 non-independent directors). Executive Officer & Director Yoichi Izumi was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Nov 13
Third quarter 2022 earnings released: EPS: JP¥79.61 (vs JP¥70.05 in 3Q 2021) Third quarter 2022 results: EPS: JP¥79.61 (up from JP¥70.05 in 3Q 2021). Revenue: JP¥600.0m (down 2.1% from 3Q 2021). Net income: JP¥124.0m (up 14% from 3Q 2021). Profit margin: 21% (up from 18% in 3Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Aankondiging • Sep 23
CONVUM Ltd. to Report Q3, 2022 Results on Nov 11, 2022 CONVUM Ltd. announced that they will report Q3, 2022 results on Nov 11, 2022 Reported Earnings • Aug 17
Second quarter 2022 earnings released: EPS: JP¥78.35 (vs JP¥67.48 in 2Q 2021) Second quarter 2022 results: EPS: JP¥78.35 (up from JP¥67.48 in 2Q 2021). Revenue: JP¥596.0m (down 9.3% from 2Q 2021). Net income: JP¥122.0m (up 16% from 2Q 2021). Profit margin: 21% (up from 16% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 22
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 29 June 2022. Payment date: 06 September 2022. Payout ratio is a comfortable 17% but the company is paying out more than the cash it is generating. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.8%). In line with average of industry peers (2.4%). Aankondiging • Jun 01
CONVUM Ltd. to Report Q2, 2022 Results on Aug 10, 2022 CONVUM Ltd. announced that they will report Q2, 2022 results on Aug 10, 2022 Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 3 highly experienced directors. No independent directors (5 non-independent directors). Executive Officer & Director Yoichi Izumi was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Aankondiging • Apr 08
CONVUM Ltd. to Report Q1, 2022 Results on May 13, 2022 CONVUM Ltd. announced that they will report Q1, 2022 results on May 13, 2022 Aankondiging • Feb 17
CONVUM Ltd., Annual General Meeting, Mar 25, 2022 CONVUM Ltd., Annual General Meeting, Mar 25, 2022. Reported Earnings • Feb 17
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: JP¥258 (up from JP¥157 in FY 2020). Revenue: JP¥2.47b (up 13% from FY 2020). Net income: JP¥402.0m (up 65% from FY 2020). Profit margin: 16% (up from 11% in FY 2020). 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 15% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Feb 15
Investor sentiment deteriorated over the past week After last week's 17% share price decline to JP¥1,946, the stock trades at a trailing P/E ratio of 8.3x. Average trailing P/E is 12x in the Machinery industry in Japan. Total returns to shareholders of 6.6% over the past three years. Valuation Update With 7 Day Price Move • Jan 04
Investor sentiment improved over the past week After last week's 19% share price gain to JP¥2,586, the stock trades at a trailing P/E ratio of 11x. Average trailing P/E is 13x in the Machinery industry in Japan. Total returns to shareholders of 43% over the past three years. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 25 March 2022. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.8%). Reported Earnings • Nov 16
Third quarter 2021 earnings released: EPS JP¥69.97 (vs JP¥32.15 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥613.0m (up 17% from 3Q 2020). Net income: JP¥109.0m (up 118% from 3Q 2020). Profit margin: 18% (up from 9.5% 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 1% per year whereas the company’s share price has increased by 2% per year. Reported Earnings • Aug 15
Second quarter 2021 earnings released: EPS JP¥67.48 (vs JP¥37.92 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥657.0m (up 25% from 2Q 2020). Net income: JP¥105.0m (up 78% from 2Q 2020). Profit margin: 16% (up from 11% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 7% per year. Upcoming Dividend • Jun 23
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 29 June 2021. Payment date: 27 August 2021. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.1%). Higher than average of industry peers (1.5%). Reported Earnings • May 20
First quarter 2021 earnings released: EPS JP¥50.13 (vs JP¥39.25 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: JP¥610.0m (up 8.9% from 1Q 2020). Net income: JP¥78.0m (up 28% from 1Q 2020). Profit margin: 13% (up from 11% in 1Q 2020). The increase in margin was driven by higher revenue. 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 10% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 30
Full year 2020 earnings released: EPS JP¥157 (vs JP¥95.89 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: JP¥2.18b (down 4.8% from FY 2019). Net income: JP¥244.0m (up 66% from FY 2019). Profit margin: 11% (up from 6.4% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Aankondiging • Mar 18
Myotoku Ltd. to Report Q1, 2021 Results on May 14, 2021 Myotoku Ltd. announced that they will report Q1, 2021 results on May 14, 2021 Is New 90 Day High Low • Feb 15
New 90-day low: JP¥1,623 The company is down 8.0% from its price of JP¥1,765 on 17 November 2020. The Japanese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 15% over the same period. Reported Earnings • Feb 14
Full year 2020 earnings released: EPS JP¥157 (vs JP¥95.89 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: JP¥2.18b (down 4.8% from FY 2019). Net income: JP¥244.0m (up 66% from FY 2019). Profit margin: 11% (up from 6.4% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Jan 04
New 90-day low: JP¥1,690 The company is down 1.0% from its price of JP¥1,700 on 06 October 2020. The Japanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 15% over the same period. Aankondiging • Dec 27
Myotoku Ltd. to Report Fiscal Year 2020 Results on Feb 12, 2021 Myotoku Ltd. announced that they will report fiscal year 2020 results on Feb 12, 2021 Upcoming Dividend • Dec 22
Upcoming Dividend of JP¥20.00 Per Share Will be paid on the 25th of March to those who are registered shareholders by the 29th of December. The trailing yield of 2.3% is below the top quartile of Japanese dividend payers (3.0%), but it is higher than industry peers (1.2%). Reported Earnings • Nov 15
Third quarter 2020 earnings released: EPS JP¥32.15 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: JP¥524.0m (down 6.9% from 3Q 2019). Net income: JP¥50.0m (up 28% from 3Q 2019). Profit margin: 9.5% (up from 6.9% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Aankondiging • Sep 26
Myotoku Ltd. to Report Q3, 2020 Results on Nov 11, 2020 Myotoku Ltd. announced that they will report Q3, 2020 results on Nov 11, 2020 Aankondiging • Jun 29
Myotoku Ltd. to Report Q2, 2020 Results on Aug 12, 2020 Myotoku Ltd. announced that they will report Q2, 2020 results on Aug 12, 2020 
