Aankondiging • May 30
Mitani Corporation to Report Q1, 2027 Results on Aug 13, 2026 Mitani Corporation announced that they will report Q1, 2027 results on Aug 13, 2026 Reported Earnings • May 20
Full year 2026 earnings released: EPS: JP¥280 (vs JP¥222 in FY 2025) Full year 2026 results: EPS: JP¥280 (up from JP¥222 in FY 2025). Revenue: JP¥339.0b (flat on FY 2025). Net income: JP¥23.5b (up 23% from FY 2025). Profit margin: 6.9% (up from 5.6% in FY 2025). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • May 15
Mitani Corporation, Annual General Meeting, Jun 25, 2026 Mitani Corporation, Annual General Meeting, Jun 25, 2026. Aankondiging • May 10
Mitani Corporation to Report Fiscal Year 2026 Results on May 15, 2026 Mitani Corporation announced that they will report fiscal year 2026 results on May 15, 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: 22 June 2026. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.1%). Reported Earnings • Feb 14
Third quarter 2026 earnings released: EPS: JP¥67.07 (vs JP¥63.26 in 3Q 2025) Third quarter 2026 results: EPS: JP¥67.07 (up from JP¥63.26 in 3Q 2025). Revenue: JP¥87.7b (flat on 3Q 2025). Net income: JP¥5.61b (up 5.6% from 3Q 2025). Profit margin: 6.4% (up from 6.0% in 3Q 2025). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥2,799, the stock trades at a trailing P/E ratio of 11.8x. Average trailing P/E is 12x in the Trade Distributors industry in Japan. Total returns to shareholders of 121% over the past three years. Aankondiging • Dec 02
Mitani Corporation to Report Q3, 2026 Results on Feb 13, 2026 Mitani Corporation announced that they will report Q3, 2026 results on Feb 13, 2026 Reported Earnings • Nov 18
Second quarter 2026 earnings released: EPS: JP¥67.30 (vs JP¥58.60 in 2Q 2025) Second quarter 2026 results: EPS: JP¥67.30 (up from JP¥58.60 in 2Q 2025). Revenue: JP¥83.0b (up 2.1% from 2Q 2025). Net income: JP¥5.63b (up 12% from 2Q 2025). Profit margin: 6.8% (up from 6.2% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 19% per year. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥29.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 08 December 2025. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (2.9%). Reported Earnings • Aug 15
First quarter 2026 earnings released: EPS: JP¥58.20 (vs JP¥53.05 in 1Q 2025) First quarter 2026 results: EPS: JP¥58.20 (up from JP¥53.05 in 1Q 2025). Revenue: JP¥76.8b (flat on 1Q 2025). Net income: JP¥4.87b (up 3.7% from 1Q 2025). Profit margin: 6.3% (up from 6.1% in 1Q 2025). 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 13% per year. Reported Earnings • Jul 04
Full year 2025 earnings released: EPS: JP¥222 (vs JP¥204 in FY 2024) Full year 2025 results: EPS: JP¥222 (up from JP¥204 in FY 2024). Revenue: JP¥339.0b (up 4.4% from FY 2024). Net income: JP¥19.0b (up 4.7% from FY 2024). Profit margin: 5.6% (in line with FY 2024). 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 11% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Jun 10
Now 22% undervalued Over the last 90 days, the stock has risen 7.7% to JP¥2,172. The fair value is estimated to be JP¥2,773, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.8% over the last 3 years. Earnings per share has grown by 17%. Aankondiging • May 31
Mitani Corporation to Report Q1, 2026 Results on Aug 14, 2025 Mitani Corporation announced that they will report Q1, 2026 results on Aug 14, 2025 New Risk • May 27
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 7.3% 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: 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 (7.3% average weekly change). Reported Earnings • May 20
Full year 2025 earnings released: EPS: JP¥222 (vs JP¥204 in FY 2024) Full year 2025 results: EPS: JP¥222 (up from JP¥204 in FY 2024). Revenue: JP¥339.0b (up 4.4% from FY 2024). Net income: JP¥19.0b (up 4.7% from FY 2024). Profit margin: 5.6% (in line with FY 2024). 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 6% per year, which means it is significantly lagging earnings growth. Aankondiging • May 15
Mitani Corporation, Annual General Meeting, Jun 19, 2025 Mitani Corporation, Annual General Meeting, Jun 19, 2025. New Risk • Apr 10
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 7.0% 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 (7.0% average weekly change). Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥1,632, the stock trades at a trailing P/E ratio of 7.1x. Average trailing P/E is 8x in the Trade Distributors industry in Japan. Total returns to shareholders of 2.0% over the past three years. 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: 23 June 2025. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (3.3%). Aankondiging • Mar 01
Mitani Corporation to Report Fiscal Year 2025 Results on May 15, 2025 Mitani Corporation announced that they will report fiscal year 2025 results on May 15, 2025 Reported Earnings • Feb 16
Third quarter 2025 earnings released: EPS: JP¥63.26 (vs JP¥54.95 in 3Q 2024) Third quarter 2025 results: EPS: JP¥63.26 (up from JP¥54.95 in 3Q 2024). Revenue: JP¥88.3b (up 4.5% from 3Q 2024). Net income: JP¥5.31b (up 8.3% from 3Q 2024). Profit margin: 6.0% (up from 5.8% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Jan 27
Now 21% undervalued Over the last 90 days, the stock has risen 6.5% to JP¥1,991. The fair value is estimated to be JP¥2,518, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 18%. Buy Or Sell Opportunity • Dec 16
Now 21% undervalued Over the last 90 days, the stock has risen 27% to JP¥2,030. The fair value is estimated to be JP¥2,558, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 18%. Aankondiging • Nov 30
Mitani Corporation to Report Q3, 2025 Results on Feb 14, 2025 Mitani Corporation announced that they will report Q3, 2025 results on Feb 14, 2025 Aankondiging • Nov 14
Mitani Corporation (TSE:8066) announces an Equity Buyback for 1,200,000 shares, representing 1.38% for ¥2,400 million. Mitani Corporation (TSE:8066) announces a share repurchase program. Under the program, the company will repurchase up to 1,200,000 shares, representing 1.38% of its issued share capital, for ¥2,400 million. The purpose of the buyback is to establish a new share repurchase framework as part of the shareholder return and capital policy due to existing shareholders' intentions to sell their shares. The program will expire on December 24, 2024. As of November 14, 2024, the company had 86,717,754 shares issued excluding treasury shares and 4,282,246 treasury shares. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥27.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 06 December 2024. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.8%). In line with average of industry peers (3.3%). Aankondiging • Aug 27
Mitani Corporation to Report Q2, 2025 Results on Nov 14, 2024 Mitani Corporation announced that they will report Q2, 2025 results on Nov 14, 2024 Reported Earnings • Aug 13
First quarter 2025 earnings released: EPS: JP¥53.05 (vs JP¥43.79 in 1Q 2024) First quarter 2025 results: EPS: JP¥53.05 (up from JP¥43.79 in 1Q 2024). Revenue: JP¥76.7b (up 2.0% from 1Q 2024). Net income: JP¥4.69b (up 20% from 1Q 2024). Profit margin: 6.1% (up from 5.2% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Aankondiging • Aug 11
Mitani Corporation (TSE:8066) announces an Equity Buyback for 4,000,000 shares, representing 4.42% for ¥6,800 million. Mitani Corporation (TSE:8066) announces a share repurchase program. Under the program, the company will repurchase up to 4,000,000 shares, representing 4.42% of its issued share capital, for ¥6,800 million. The shares will be repurchased in consideration of shareholder returns and capital policy. The program will continue through September 20, 2024. As of August 9, 2024, the company has 90,565,558 shares (excluding treasury stock) and 29,442,990 treasury shares. Aankondiging • Jun 02
Mitani Corporation to Report Q1, 2025 Results on Aug 09, 2024 Mitani Corporation announced that they will report Q1, 2025 results on Aug 09, 2024 Reported Earnings • May 20
Full year 2024 earnings released: EPS: JP¥204 (vs JP¥166 in FY 2023) Full year 2024 results: EPS: JP¥204 (up from JP¥166 in FY 2023). Revenue: JP¥324.8b (up 1.4% from FY 2023). Net income: JP¥18.2b (up 22% from FY 2023). Profit margin: 5.6% (up from 4.6% in FY 2023). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Aankondiging • May 17
Mitani Corporation, Annual General Meeting, Jun 20, 2024 Mitani Corporation, Annual General Meeting, Jun 20, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥19.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 24 June 2024. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (2.4%). Aankondiging • Mar 15
Mitani Corporation (TSE:8066) announces an Equity Buyback for 800,000 shares, for ¥1,560 million. Mitani Corporation (TSE:8066) announces a share repurchase program. Under the program, the company will repurchase up to 800,000 shares, representing 0.88% of its issued share capital, for ¥1,560 million. The shares will be repurchased in consideration of shareholder returns and capital policy. The program will continue through March 22, 2024. As of March 113, 2024, the company has 91,365,629 shares (excluding treasury stock) and 28,642,919 treasury shares. Aankondiging • Mar 02
Mitani Corporation to Report Fiscal Year 2024 Results on May 15, 2024 Mitani Corporation announced that they will report fiscal year 2024 results on May 15, 2024 Reported Earnings • Feb 16
Third quarter 2024 earnings released: EPS: JP¥54.95 (vs JP¥32.50 in 3Q 2023) Third quarter 2024 results: EPS: JP¥54.95 (up from JP¥32.50 in 3Q 2023). Revenue: JP¥84.5b (down 1.1% from 3Q 2023). Net income: JP¥4.91b (up 69% from 3Q 2023). Profit margin: 5.8% (up from 3.4% in 3Q 2023). The increase in margin was driven by lower expenses. 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 2% per year, which means it is significantly lagging earnings growth. Aankondiging • Nov 27
Mitani Corporation to Report Q3, 2024 Results on Feb 14, 2024 Mitani Corporation announced that they will report Q3, 2024 results on Feb 14, 2024 Reported Earnings • Nov 18
Second quarter 2024 earnings released: EPS: JP¥52.67 (vs JP¥43.78 in 2Q 2023) Second quarter 2024 results: EPS: JP¥52.67 (up from JP¥43.78 in 2Q 2023). Revenue: JP¥81.4b (up 5.6% from 2Q 2023). Net income: JP¥4.70b (up 20% from 2Q 2023). Profit margin: 5.8% (up from 5.1% 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 15% 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¥17.00 per share at 2.1% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 05 December 2023. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.3%). Lower than average of industry peers (2.8%). Aankondiging • Aug 30
Mitani Corporation to Report Q2, 2024 Results on Nov 14, 2023 Mitani Corporation announced that they will report Q2, 2024 results on Nov 14, 2023 Reported Earnings • Aug 12
First quarter 2024 earnings released: EPS: JP¥43.79 (vs JP¥38.75 in 1Q 2023) First quarter 2024 results: EPS: JP¥43.79 (up from JP¥38.75 in 1Q 2023). Revenue: JP¥75.3b (up 2.9% from 1Q 2023). Net income: JP¥3.91b (up 12% from 1Q 2023). Profit margin: 5.2% (up from 4.8% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Aankondiging • May 31
Mitani Corporation to Report Q1, 2024 Results on Aug 10, 2023 Mitani Corporation announced that they will report Q1, 2024 results on Aug 10, 2023 Reported Earnings • May 20
Full year 2023 earnings released: EPS: JP¥166 (vs JP¥139 in FY 2022) Full year 2023 results: EPS: JP¥166 (up from JP¥139 in FY 2022). Revenue: JP¥320.3b (up 7.0% from FY 2022). Net income: JP¥14.9b (up 14% from FY 2022). Profit margin: 4.6% (up from 4.4% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Aankondiging • May 17
Mitani Corporation, Annual General Meeting, Jun 21, 2023 Mitani Corporation, Annual General Meeting, Jun 21, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥16.00 per share at 2.3% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 20 June 2023. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (3.8%). Reported Earnings • Feb 17
Third quarter 2023 earnings released: EPS: JP¥32.50 (vs JP¥32.20 in 3Q 2022) Third quarter 2023 results: EPS: JP¥32.50. Revenue: JP¥85.5b (up 8.5% from 3Q 2022). Net income: JP¥2.91b (down 2.5% from 3Q 2022). Profit margin: 3.4% (down from 3.8% in 3Q 2022). The decrease in margin was driven by higher expenses. Aankondiging • Feb 15
Mitani Corporation (TSE:8066) announces an Equity Buyback for 230,000 shares, representing 0.25% for ¥368 million. Mitani Corporation (TSE:8066) announces a share repurchase program. Under the program, the company will repurchase up to 230,000 shares, representing 0.25% of its issued share capital, for ¥368 million. The shares will be repurchased in consideration of shareholder returns and capital policy. The program will continue through March 24, 2023. As of February 14, 2023, the company has 91,613,429 shares (excluding treasury stock) and 28,395,119 treasury shares. Aankondiging • Dec 28
Mitani Corporation to Report Q3, 2023 Results on Feb 14, 2023 Mitani Corporation announced that they will report Q3, 2023 results on Feb 14, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: JP¥43.78 (vs JP¥33.67 in 2Q 2022) Second quarter 2023 results: EPS: JP¥43.78 (up from JP¥33.67 in 2Q 2022). Revenue: JP¥77.1b (up 13% from 2Q 2022). Net income: JP¥3.93b (up 22% from 2Q 2022). Profit margin: 5.1% (up from 4.7% 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 10% per year but the company’s share price has only increased by 3% 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. 5 experienced directors. 4 highly experienced directors. No independent directors (6 non-independent directors). External Director Toshikazu Sano was the last director to join the board, commencing their role in 2006. 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 12
Second quarter 2023 earnings released: EPS: JP¥43.78 (vs JP¥33.67 in 2Q 2022) Second quarter 2023 results: EPS: JP¥43.78 (up from JP¥33.67 in 2Q 2022). Revenue: JP¥77.1b (up 13% from 2Q 2022). Net income: JP¥3.93b (up 22% from 2Q 2022). Profit margin: 5.1% (up from 4.7% 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 10% per year whereas the company’s share price has increased by 5% per year. Aankondiging • Oct 28
Mitani Corporation to Report Q2, 2023 Results on Nov 10, 2022 Mitani Corporation announced that they will report Q2, 2023 results on Nov 10, 2022 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥16.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 06 December 2022. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (3.6%). Reported Earnings • Aug 11
First quarter 2023 earnings released: EPS: JP¥38.75 (vs JP¥32.94 in 1Q 2022) First quarter 2023 results: EPS: JP¥38.75 (up from JP¥32.94 in 1Q 2022). Revenue: JP¥73.2b (up 13% from 1Q 2022). Net income: JP¥3.50b (up 11% from 1Q 2022). Profit margin: 4.8% (down from 4.9% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 8% per year. Aankondiging • Jun 29
Mitani Corporation to Report Q1, 2023 Results on Aug 09, 2022 Mitani Corporation announced that they will report Q1, 2023 results on Aug 09, 2022 Reported Earnings • May 24
Full year 2022 earnings released: EPS: JP¥139 (vs JP¥128 in FY 2021) Full year 2022 results: EPS: JP¥139 (up from JP¥128 in FY 2021). Revenue: JP¥299.4b (down 25% from FY 2021). Net income: JP¥13.1b (up 5.0% from FY 2021). Profit margin: 4.4% (up from 3.1% 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 4% per year whereas the company’s share price has increased by 3% per year. 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. 4 highly experienced directors. No independent directors (6 non-independent directors). External Director Toshikazu Sano was the last director to join the board, commencing their role in 2006. 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
Mitani Corporation to Report Fiscal Year 2022 Results on May 18, 2022 Mitani Corporation announced that they will report fiscal year 2022 results on May 18, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 14 June 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 (3.4%). Lower than average of industry peers (3.4%). Reported Earnings • Feb 12
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥32.20 (up from JP¥29.97 in 3Q 2021). Revenue: JP¥78.8b (down 24% from 3Q 2021). Net income: JP¥2.99b (up 3.0% from 3Q 2021). Profit margin: 3.8% (up from 2.8% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Dec 23
Mitani Corporation (TSE:8066) announces an Equity Buyback for 1,250,000 shares, representing 1.34% for ¥2,485 million. Mitani Corporation (TSE:8066) announces a share repurchase program. Under the program, the company will repurchase up to 1,250,000 shares, representing 1.34% of its issued share capital (excluding treasury stock), for ¥2,485 million. The program will run until December 30, 2021. As of December 22, 2021, the company had 93,125,996 shares in issue (excluding treasury stock) and 26,882,552 shares in treasury. Aankondiging • Dec 15
Mitani Corporation (TSE:8066) announces an Equity Buyback for 20,000 shares, representing 0.02% for ¥36 million. Mitani Corporation (TSE:8066) announces a share repurchase program. Under the program, the company will repurchase up to 20,000 shares, representing 0.02% of its issued share capital (excluding treasury stock), for ¥36 million. The purpose of the program is to return profits to shareholders by improving capital efficiency, based on the policy of flexibly acquiring treasury stock while observing the market environment and capital situation. The program will run until March 24, 2022. As of December 14, 2021, the company had 93,125,996 shares in issue (excluding treasury stock) and 26,882,552 shares in treasury. Aankondiging • Nov 27
Mitani Corporation (TSE:8066) announces an Equity Buyback for 2,200,000 shares, for ¥3,960 million. Mitani Corporation (TSE:8066) announces a share repurchase program. Under the program, the company will repurchase up to 2,200,000 shares for ¥3,960 million. The shares will be repurchased at a price of ¥1,800 per share. The program is valid till March 24, 2022. Reported Earnings • Nov 12
Second quarter 2022 earnings released The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2022 results: Revenue: JP¥68.2b (down 30% from 2Q 2021). Net income: JP¥3.23b (up 4.3% from 2Q 2021). Profit margin: 4.7% (up from 3.2% 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 12% per year whereas the company’s share price has increased by 10% per year. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥45.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 07 December 2021. Trailing yield: 1.3%. Lower than top quartile of Japanese dividend payers (3.0%). Lower than average of industry peers (3.4%). Aankondiging • Aug 17
Mitani Corp. Ordinary Shares to Be Deleted from Other OTC Mitani Corporation Ordinary Shares (Japan) will be deleted from Other OTC effective from August 17, 2021, due to Inactive Security. Reported Earnings • Aug 13
First quarter 2022 earnings released: EPS JP¥132 (vs JP¥123 in 1Q 2021) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2022 results: Revenue: JP¥64.9b (down 26% from 1Q 2021). Net income: JP¥3.16b (up 5.2% from 1Q 2021). Profit margin: 4.9% (up from 3.4% in 1Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 15
Full year 2021 earnings released: EPS JP¥513 (vs JP¥421 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¥397.0b (down 3.8% from FY 2020). Net income: JP¥12.5b (up 19% from FY 2020). Profit margin: 3.1% (up from 2.5% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Apr 15
Mitani Corporation (TSE:8066) announces an Equity Buyback for 200,000 shares, representing 8.21% for ¥1,400 million. Mitani Corporation (TSE:8066) announces a share repurchase program. Under the program, the company will repurchase up to 200,000 shares, representing 8.21% of the outstanding shares, for the total worth of ¥1,400 million. The purpose of the program is to increase shareholder returns by enhancing capital efficiency. The program will continue through March 24, 2022. As of April 13, 2021, the company had 24,353,716 shares outstanding and 5,648,421 shares in treasury. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥50.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 29 June 2021. Trailing yield: 1.4%. Lower than top quartile of Japanese dividend payers (2.7%). Lower than average of industry peers (3.0%). Aankondiging • Mar 04
Mitani Corporation to Report Fiscal Year 2021 Results on May 13, 2021 Mitani Corporation announced that they will report fiscal year 2021 results on May 13, 2021 Is New 90 Day High Low • Feb 15
New 90-day high: JP¥7,070 The company is up 4.0% from its price of JP¥6,800 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 Trade Distributors industry, which is up 14% over the same period. Is New 90 Day High Low • Jan 20
New 90-day high: JP¥6,910 The company is up 13% from its price of JP¥6,120 on 22 October 2020. The Japanese market is also up 13% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Trade Distributors industry, which is up 12% over the same period. Is New 90 Day High Low • Jan 04
New 90-day high: JP¥6,850 The company is up 10.0% from its price of JP¥6,220 on 06 October 2020. The Japanese market is also up 10.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Trade Distributors industry, which is up 6.0% over the same period. Aankondiging • Dec 03
Mitani Corporation to Report Q3, 2021 Results on Feb 15, 2021 Mitani Corporation announced that they will report Q3, 2021 results on Feb 15, 2021 Aankondiging • Aug 30
Mitani Corporation to Report Q2, 2021 Results on Nov 12, 2020 Mitani Corporation announced that they will report Q2, 2021 results on Nov 12, 2020 Aankondiging • Jul 26
Mitani Corporation to Report Q1, 2021 Results on Aug 13, 2020 Mitani Corporation announced that they will report Q1, 2021 results on Aug 13, 2020 