New Risk • Aug 05
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: 5.2% Last year net profit margin: 10% 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: Major Risk Earnings are forecast to decline by an average of 15% per year for the foreseeable future. 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 (5.2% net profit margin). Declared Dividend • Jul 25
Final dividend of JP¥18.00 announced Shareholders will receive a dividend of JP¥18.00. Ex-date: 29th September 2026 Payment date: 10th December 2026 Dividend yield will be 2.5%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is well covered by both earnings (9% earnings payout ratio) and cash flows (29% cash payout ratio). The dividend has increased by an average of 9.7% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 69% over the next 3 years. However, it would need to fall by 90% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • May 20
Full year 2026 earnings: EPS exceeds analyst expectations Full year 2026 results: EPS: JP¥411 (down from JP¥504 in FY 2025). Revenue: JP¥40.6b (up 8.5% from FY 2025). Net income: JP¥2.80b (down 18% from FY 2025). Profit margin: 6.9% (down from 9.2% in FY 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 12%. Revenue is expected to decline by 7.7% p.a. on average during the next 2 years, while revenues in the Machinery industry in Japan are expected to grow by 5.8%. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Aankondiging • May 18
Musashi Co., Ltd., Annual General Meeting, Jun 26, 2026 Musashi Co., Ltd., Annual General Meeting, Jun 26, 2026. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥48.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 30 June 2026. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%). Reported Earnings • Feb 11
Third quarter 2026 earnings released: EPS: JP¥2.20 (vs JP¥233 in 3Q 2025) Third quarter 2026 results: EPS: JP¥2.20 (down from JP¥233 in 3Q 2025). Revenue: JP¥8.17b (down 30% from 3Q 2025). Net income: JP¥15.0m (down 99% from 3Q 2025). Profit margin: 0.2% (down from 14% in 3Q 2025). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 2.1% p.a. on average during the next 3 years, while revenues in the Machinery industry in Japan are expected to grow by 5.1%. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Declared Dividend • Dec 11
First half dividend of JP¥18.00 announced Shareholders will receive a dividend of JP¥18.00. Ex-date: 30th March 2026 Payment date: 30th June 2026 Dividend yield will be 2.4%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is well covered by both earnings (8% earnings payout ratio) and cash flows (6% cash payout ratio). The dividend has increased by an average of 4.4% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 82% over the next 3 years. However, it would need to fall by 91% to increase the payout ratio to a potentially unsustainable range. New Risk • Nov 17
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥15.1b (US$97.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 44% per year for the foreseeable future. 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¥15.1b market cap, or US$97.6m). Reported Earnings • Nov 14
First half 2026 earnings released: EPS: JP¥187 (vs JP¥221 in 1H 2025) First half 2026 results: EPS: JP¥187 (down from JP¥221 in 1H 2025). Revenue: JP¥19.9b (up 20% from 1H 2025). Net income: JP¥1.27b (down 16% from 1H 2025). Profit margin: 6.4% (down from 9.1% in 1H 2025). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 4.7% p.a. on average during the next 3 years, while revenues in the Machinery industry in Japan are expected to grow by 5.0%. 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 17% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥18.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 10 December 2025. Payout ratio is a comfortable 6.1% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.0%). Reported Earnings • Aug 07
First quarter 2026 earnings released: EPS: JP¥115 (vs JP¥26.27 in 1Q 2025) First quarter 2026 results: EPS: JP¥115 (up from JP¥26.27 in 1Q 2025). Revenue: JP¥9.97b (up 28% from 1Q 2025). Net income: JP¥785.0m (up 339% from 1Q 2025). Profit margin: 7.9% (up from 2.3% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is expected to decline by 6.1% p.a. on average during the next 2 years, while revenues in the Machinery industry in Japan are expected to grow by 4.7%. 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 12% per year, which means it is significantly lagging earnings growth. Declared Dividend • Jul 09
Final dividend of JP¥18.00 announced Shareholders will receive a dividend of JP¥18.00. Ex-date: 29th September 2025 Payment date: 10th December 2025 Dividend yield will be 2.6%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is well covered by both earnings (7% earnings payout ratio) and cash flows (13% cash payout ratio). The dividend has increased by an average of 9.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 79% over the next 2 years. However, it would need to fall by 92% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • Jul 05
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: JP¥504 (up from JP¥113 in FY 2024). Revenue: JP¥37.4b (up 13% from FY 2024). Net income: JP¥3.43b (up 348% from FY 2024). Profit margin: 9.2% (up from 2.3% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.0%. Revenue is expected to decline by 2.6% p.a. on average during the next 2 years, while revenues in the Machinery industry in Japan are expected to grow by 4.4%. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 21
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: JP¥504 (up from JP¥113 in FY 2024). Revenue: JP¥37.4b (up 13% from FY 2024). Net income: JP¥3.43b (up 348% from FY 2024). Profit margin: 9.2% (up from 2.3% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.0%. Revenue is expected to decline by 2.6% p.a. on average during the next 2 years, while revenues in the Machinery industry in Japan are expected to grow by 4.3%. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Aankondiging • May 16
Musashi Co., Ltd., Annual General Meeting, Jun 27, 2025 Musashi Co., Ltd., Annual General Meeting, Jun 27, 2025. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 30 June 2025. Payout ratio is a comfortable 6.8% but the company is not cash flow positive. Trailing yield: 3.4%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.1%). Major Estimate Revision • Feb 11
Consensus EPS estimates increase by 22%, revenue downgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from JP¥38.0b to JP¥37.4b. EPS estimate rose from JP¥396 to JP¥484. Net income forecast to shrink 36% next year vs 15% growth forecast for Machinery industry in Japan . Consensus price target up from JP¥1,800 to JP¥1,900. Share price rose 4.8% to JP¥1,782 over the past week. Reported Earnings • Feb 06
Third quarter 2025 earnings released: EPS: JP¥233 (vs JP¥11.74 in 3Q 2024) Third quarter 2025 results: EPS: JP¥233 (up from JP¥11.74 in 3Q 2024). Revenue: JP¥11.7b (up 48% from 3Q 2024). Net income: JP¥1.59b (up JP¥1.51b from 3Q 2024). Profit margin: 14% (up from 1.0% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is expected to decline by 1.8% p.a. on average during the next 3 years, while revenues in the Machinery industry in Japan are expected to grow by 4.6%. 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 1% per year, which means it is significantly lagging earnings. Declared Dividend • Dec 11
First half dividend of JP¥30.00 announced Shareholders will receive a dividend of JP¥30.00. Ex-date: 28th March 2025 Payment date: 30th June 2025 Dividend yield will be 3.6%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is covered by earnings (6% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 9.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 59% over the next 3 years. However, it would need to fall by 94% to increase the payout ratio to a potentially unsustainable range. New Risk • Nov 16
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 25% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 are forecast to decline by an average of 25% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (JP¥10.9b market cap, or US$70.6m). Upcoming Dividend • Sep 20
Upcoming dividend of JP¥18.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 11 December 2024. Payout ratio is a comfortable 47% but the company is not cash flow positive. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (2.9%). Reported Earnings • Aug 09
First quarter 2025 earnings released: EPS: JP¥26.27 (vs JP¥74.70 in 1Q 2024) First quarter 2025 results: EPS: JP¥26.27 (down from JP¥74.70 in 1Q 2024). Revenue: JP¥7.79b (down 10% from 1Q 2024). Net income: JP¥179.0m (down 65% from 1Q 2024). Profit margin: 2.3% (down from 5.9% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Declared Dividend • Jul 11
Final dividend of JP¥18.00 announced Shareholders will receive a dividend of JP¥18.00. Ex-date: 27th September 2024 Payment date: 11th December 2024 Dividend yield will be 2.2%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is covered by earnings (18% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 3.7% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 21% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 23
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: JP¥113 (down from JP¥259 in FY 2023). Revenue: JP¥33.1b (down 11% from FY 2023). Net income: JP¥767.0m (down 56% from FY 2023). Profit margin: 2.3% (down from 4.8% in FY 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 5.3%. Earnings per share (EPS) also missed analyst estimates by 15%. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Price Target Changed • May 21
Price target decreased by 18% to JP¥1,800 Down from JP¥2,200, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of JP¥1,818. Stock is up 3.7% over the past year. The company is forecast to post earnings per share of JP¥132 for next year compared to JP¥259 last year. Major Estimate Revision • May 21
Consensus EPS estimates increase by 60%, revenue downgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from JP¥36.7b to JP¥33.5b. EPS estimate rose from JP¥147 to JP¥235. Net income forecast to grow 42% next year vs 9.7% growth forecast for Machinery industry in Japan. Consensus price target down from JP¥2,200 to JP¥1,800. Share price was steady at JP¥1,818 over the past week. Aankondiging • May 19
Musashi Co., Ltd., Annual General Meeting, Jun 27, 2024 Musashi Co., Ltd., Annual General Meeting, Jun 27, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥21.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 18% but the company is not cash flow positive. Trailing yield: 1.6%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (1.9%). Reported Earnings • Feb 08
Third quarter 2024 earnings released: EPS: JP¥11.74 (vs JP¥40.80 in 3Q 2023) Third quarter 2024 results: EPS: JP¥11.74 (down from JP¥40.80 in 3Q 2023). Revenue: JP¥7.89b (down 11% from 3Q 2023). Net income: JP¥80.0m (down 71% from 3Q 2023). Profit margin: 1.0% (down from 3.1% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 08
Second quarter 2024 earnings released: JP¥1.61 loss per share (vs JP¥90.99 profit in 2Q 2023) Second quarter 2024 results: JP¥1.61 loss per share (down from JP¥90.99 profit in 2Q 2023). Revenue: JP¥8.08b (down 13% from 2Q 2023). Net loss: JP¥11.0m (down 102% from profit in 2Q 2023). Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥12.00 per share at 1.3% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 12 December 2023. Payout ratio is a comfortable 8.9% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of Japanese dividend payers (3.3%). Lower than average of industry peers (2.1%). New Risk • Aug 17
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.7% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 are forecast to decline by an average of 1.7% per year for the foreseeable future. Minor Risk Market cap is less than US$100m (JP¥11.7b market cap, or US$80.4m). Major Estimate Revision • Aug 16
Consensus EPS estimates increase by 63% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from JP¥117 to JP¥191. Revenue forecast unchanged at JP¥36.5b. Net income forecast to shrink 33% next year vs 7.0% growth forecast for Machinery industry in Japan . Consensus price target of JP¥2,200 unchanged from last update. Share price was steady at JP¥1,720 over the past week. Reported Earnings • Aug 09
First quarter 2024 earnings released: EPS: JP¥74.70 (vs JP¥64.57 in 1Q 2023) First quarter 2024 results: EPS: JP¥74.70 (up from JP¥64.57 in 1Q 2023). Revenue: JP¥8.70b (down 3.9% from 1Q 2023). Net income: JP¥509.0m (up 16% from 1Q 2023). Profit margin: 5.9% (up from 4.9% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. New Risk • Jun 17
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 5.3% 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 are forecast to decline by an average of 17% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (5.3% average weekly change). Market cap is less than US$100m (JP¥11.8b market cap, or US$82.9m). Reported Earnings • May 17
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: JP¥259 (up from JP¥141 in FY 2022). Revenue: JP¥37.1b (up 2.4% from FY 2022). Net income: JP¥1.76b (up 80% from FY 2022). Profit margin: 4.8% (up from 2.7% in FY 2022). Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) also surpassed analyst estimates by 3.7%. Revenue is forecast to grow 2.5% p.a. on average during the next 2 years, compared to a 4.1% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥12.00 per share at 1.5% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (2.4%). Reported Earnings • Feb 10
Third quarter 2023 earnings released: EPS: JP¥40.79 (vs JP¥90.40 in 3Q 2022) Third quarter 2023 results: EPS: JP¥40.79 (down from JP¥90.40 in 3Q 2022). Revenue: JP¥8.83b (down 6.7% from 3Q 2022). Net income: JP¥278.0m (down 55% from 3Q 2022). Profit margin: 3.1% (down from 6.5% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 10
Second quarter 2023 earnings released: EPS: JP¥90.98 (vs JP¥47.72 in 2Q 2022) Second quarter 2023 results: EPS: JP¥90.98 (up from JP¥47.72 in 2Q 2022). Revenue: JP¥9.34b (down 1.6% from 2Q 2022). Net income: JP¥620.0m (up 87% from 2Q 2022). Profit margin: 6.6% (up from 3.5% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥12.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 12 December 2022. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (2.4%). Reported Earnings • Aug 11
First quarter 2023 earnings released: EPS: JP¥64.57 (vs JP¥0.97 in 1Q 2022) First quarter 2023 results: EPS: JP¥64.57 (up from JP¥0.97 in 1Q 2022). Revenue: JP¥9.05b (up 23% from 1Q 2022). Net income: JP¥440.0m (up JP¥433.0m from 1Q 2022). Profit margin: 4.9% (up from 0.1% in 1Q 2022). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 4.1% compared to a 9.2% growth forecast for the industry in Japan. 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 12% per year, which means it is significantly lagging earnings. Aankondiging • May 18
Musashi Co., Ltd., Annual General Meeting, Jun 29, 2022 Musashi Co., Ltd., Annual General Meeting, Jun 29, 2022. Reported Earnings • May 16
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: JP¥141 (up from JP¥3.84 loss in FY 2021). Revenue: JP¥36.2b (up 20% from FY 2021). Net income: JP¥981.0m (up JP¥1.01b from FY 2021). Profit margin: 2.7% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) also surpassed analyst estimates by 7.1%. Over the next year, revenue is forecast to stay flat compared to a 7.8% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Aankondiging • May 13
Musashi Co., Ltd. to Report Q1, 2023 Results on Aug 09, 2022 Musashi Co., Ltd. announced that they will report Q1, 2023 results on Aug 09, 2022 Price Target Changed • Apr 27
Price target increased to JP¥2,100 Up from JP¥1,900, the current price target is provided by 1 analyst. New target price is 21% above last closing price of JP¥1,735. Stock is down 13% over the past year. The company is forecast to post earnings per share of JP¥132 next year compared to a net loss per share of JP¥3.84 last year. Aankondiging • Apr 08
Musashi Co., Ltd. to Report Fiscal Year 2022 Results on May 13, 2022 Musashi Co., Ltd. announced that they will report fiscal year 2022 results on May 13, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥12.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 30 June 2022. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (2.0%). Major Estimate Revision • Feb 16
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate increased from JP¥76.60 to JP¥132. Revenue forecast steady at JP¥35.2b. Net income forecast to shrink 14% next year vs 14% growth forecast for Machinery industry in Japan . Consensus price target up from JP¥1,900 to JP¥2,100. Share price was steady at JP¥1,742 over the past week. Price Target Changed • Feb 12
Price target increased to JP¥2,100 Up from JP¥1,900, the current price target is provided by 1 analyst. New target price is 20% above last closing price of JP¥1,756. Stock is down 7.4% over the past year. The company is forecast to post earnings per share of JP¥132 next year compared to a net loss per share of JP¥3.84 last year. Reported Earnings • Feb 09
Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2022 results: EPS: JP¥90.39 (up from JP¥2.35 loss in 3Q 2021). Revenue: JP¥9.47b (up 25% from 3Q 2021). Net income: JP¥616.0m (up JP¥633.0m from 3Q 2021). Profit margin: 6.5% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 6.8%. Earnings per share (EPS) also surpassed analyst estimates. Over the next year, revenue is forecast to grow 4.1%, compared to a 8.2% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 7% per year. Reported Earnings • Nov 10
Second quarter 2022 earnings released: EPS JP¥47.71 (vs JP¥1.63 loss in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥9.49b (up 25% from 2Q 2021). Net income: JP¥331.0m (up JP¥343.0m from 2Q 2021). Profit margin: 3.5% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 37% 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 • Sep 22
Upcoming dividend of JP¥12.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 11 December 2021. Trailing yield: 1.2%. Lower than top quartile of Japanese dividend payers (3.0%). Lower than average of industry peers (1.4%). Aankondiging • Aug 18
Musashi Co., Ltd. (JASDAQ:7521) announces an Equity Buyback for 450,000 shares, representing 6.26% for ¥932.85 million. Musashi Co., Ltd. (JASDAQ:7521) announces a share repurchase program. Under the program, the company will repurchase 450,000 shares, representing 6.26% of its share capital for ¥932.85 million. The shares will be repurchased at a price of ¥2,073 per share. The company will repurchase its shares in order to implement a flexible capital policy in response to changes in the business environment and improve capital efficiency. As of July 31, 2021, the company had 7,183,391 shares outstanding (excluding treasury shares) and 766,609 shares in treasury. Reported Earnings • May 17
Full year 2021 earnings released: JP¥3.84 loss per share (vs JP¥116 profit in FY 2020) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2021 results: Revenue: JP¥30.3b (down 20% from FY 2020). Net loss: JP¥28.0m (down 103% from profit in FY 2020). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥12.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 29 June 2021. Trailing yield: 1.2%. Lower than top quartile of Japanese dividend payers (2.7%). In line with average of industry peers (1.1%). Is New 90 Day High Low • Feb 12
New 90-day low: JP¥1,897 The company is down 4.0% from its price of JP¥1,973 on 13 November 2020. The Japanese market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 17% over the same period. Reported Earnings • Feb 11
Third quarter 2021 earnings released: JP¥2.35 loss per share (vs JP¥3.76 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: JP¥7.59b (down 11% from 3Q 2020). Net loss: JP¥17.0m (down 161% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Feb 11
Revenue and earnings miss expectations Revenue missed analyst estimates by 10%. Earnings per share (EPS) also missed analyst estimates by 21%. Over the next year, revenue is forecast to grow 21%, compared to a 8.9% growth forecast for the Machinery industry in Japan. Is New 90 Day High Low • Nov 30
New 90-day low: JP¥1,945 The company is down 3.0% from its price of JP¥2,008 on 01 September 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 18% over the same period. Reported Earnings • Nov 11
Second quarter 2021 earnings released: JP¥1.63 loss per share The company reported a poor second quarter result with weaker earnings, revenues and control over expenses. Second quarter 2021 results: Revenue: JP¥7.60b (down 27% from 2Q 2020). Net loss: JP¥12.0m (down 102% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 4% per year. Analyst Estimate Surprise Post Earnings • Nov 11
Earnings miss expectations Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 21%. Over the next year, revenue is forecast to grow 13%, compared to a 3.7% growth forecast for the Machinery industry in Japan. Aankondiging • Oct 11
Musashi Co., Ltd. to Report Q3, 2021 Results on Feb 09, 2021 Musashi Co., Ltd. announced that they will report Q3, 2021 results on Feb 09, 2021 Aankondiging • Oct 10
Musashi Co., Ltd. to Report Q2, 2021 Results on Nov 10, 2020 Musashi Co., Ltd. announced that they will report Q2, 2021 results on Nov 10, 2020 Upcoming Dividend • Sep 22
Upcoming Dividend of JP¥12.00 Per Share Will be paid on the 13th of December to those who are registered shareholders by the 29th of September. The trailing yield of 1.1% is below the top quartile of Japanese dividend payers (3.1%), and is lower than industry peers (1.7%).