Board Change • Jul 03
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 4 experienced directors. No highly experienced directors. Audit & Supervisory Board Member Sakurada Shuichi is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Aankondiging • Jun 01
Nippon Coke & Engineering Company, Limited to Report Q1, 2027 Results on Aug 07, 2026 Nippon Coke & Engineering Company, Limited announced that they will report Q1, 2027 results at 9:00 AM, Tokyo Standard Time on Aug 07, 2026 Reported Earnings • May 20
Full year 2026 earnings released: JP¥26.38 loss per share (vs JP¥47.79 loss in FY 2025) Full year 2026 results: JP¥26.38 loss per share (improved from JP¥47.79 loss in FY 2025). Revenue: JP¥91.4b (down 7.7% from FY 2025). Net loss: JP¥7.68b (loss narrowed 45% from FY 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance. New Risk • May 20
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 0.8x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.8x net interest cover). Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 71% per year over the past 5 years. Aankondiging • May 15
Nippon Coke & Engineering Company, Limited, Annual General Meeting, Jun 26, 2026 Nippon Coke & Engineering Company, Limited, Annual General Meeting, Jun 26, 2026. Aankondiging • Jan 05
Nippon Coke & Engineering Co., Ltd. Announces Notice Concerning Fire at Kitakyushu Coking Works Nippon Coke & Engineering Company, Limited announced that on December 31, 2025, a fire occurred on the coal conveyor belt at Kitakyushu Coking Works. The conveyor belt used to transport coking coal to the coke oven was damaged. There were no human injuries. Location of fire: Coking coal conveyor belt for coke oven batteries, Kitakyushu Coking Works, Nippon Coke & Engineering Co. Ltd. (1-3 Hibiki-machi, Wakamatsu-ku, Kitakyushu-city, Fukuoka, Japan). Date and time of occurrence: December 31, 2025, around 5:50 a.m. (Fire extinguishing was completed at 1:48 p.m.). Cause of fire: The cause of the fire is under investigation. Impact on operations: Due to damage to the coking coal transport line, the coke oven batteries are currently suspended and on standby in a heated state. The company will proceed with restoration work and the resumption of operations in accordance with the guidance of the relevant authorities. The company will provide further updates regarding the impact of this matter on our company's performance. Aankondiging • Dec 12
Nippon Coke & Engineering Company, Limited to Report Q3, 2026 Results on Feb 06, 2026 Nippon Coke & Engineering Company, Limited announced that they will report Q3, 2026 results on Feb 06, 2026 Reported Earnings • Nov 14
Second quarter 2026 earnings released: EPS: JP¥2.31 (vs JP¥5.18 loss in 2Q 2025) Second quarter 2026 results: EPS: JP¥2.31 (up from JP¥5.18 loss in 2Q 2025). Revenue: JP¥25.4b (up 16% from 2Q 2025). Net income: JP¥672.0m (up JP¥2.18b from 2Q 2025). Profit margin: 2.6% (up from net loss in 2Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 109 percentage points per year, which is a significant difference in performance. New Risk • Oct 31
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.4% 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 55% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (5.4% average weekly change). Aankondiging • Sep 01
Nippon Coke & Engineering Company, Limited to Report Q2, 2026 Results on Nov 11, 2025 Nippon Coke & Engineering Company, Limited announced that they will report Q2, 2026 results on Nov 11, 2025 Reported Earnings • Aug 10
First quarter 2026 earnings released: JP¥3.98 loss per share (vs JP¥2.47 loss in 1Q 2025) First quarter 2026 results: JP¥3.98 loss per share (further deteriorated from JP¥2.47 loss in 1Q 2025). Revenue: JP¥24.2b (down 5.9% from 1Q 2025). Net loss: JP¥1.16b (loss widened 61% from 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 103 percentage points per year, which is a significant difference in performance. Board Change • Jul 01
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 4 experienced directors. 1 highly experienced director. MD & Director Shunichiro Mori is the most experienced director on the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Aankondiging • Jun 03
Nippon Coke & Engineering Company, Limited to Report Q1, 2026 Results on Aug 08, 2025 Nippon Coke & Engineering Company, Limited announced that they will report Q1, 2026 results on Aug 08, 2025 Reported Earnings • May 10
Full year 2025 earnings released: JP¥47.79 loss per share (vs JP¥6.52 profit in FY 2024) Full year 2025 results: JP¥47.79 loss per share (down from JP¥6.52 profit in FY 2024). Revenue: JP¥99.0b (down 27% from FY 2024). Net loss: JP¥13.9b (down JP¥15.8b from profit in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance. Aankondiging • May 09
Nippon Coke & Engineering Company, Limited, Annual General Meeting, Jun 27, 2025 Nippon Coke & Engineering Company, Limited, Annual General Meeting, Jun 27, 2025. Buy Or Sell Opportunity • May 07
Now 22% overvalued Over the last 90 days, the stock has fallen 10% to JP¥87.00. The fair value is estimated to be JP¥71.16, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 5.8% over the last 3 years. Meanwhile, the company became loss making. Aankondiging • Mar 01
Nippon Coke & Engineering Company, Limited to Report Fiscal Year 2025 Results on May 09, 2025 Nippon Coke & Engineering Company, Limited announced that they will report fiscal year 2025 results on May 09, 2025 Reported Earnings • Feb 08
Third quarter 2025 earnings released: JP¥8.69 loss per share (vs JP¥1.12 loss in 3Q 2024) Third quarter 2025 results: JP¥8.69 loss per share (further deteriorated from JP¥1.12 loss in 3Q 2024). Revenue: JP¥30.3b (up 2.7% from 3Q 2024). Net loss: JP¥2.53b (loss widened JP¥2.20b from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance. Aankondiging • Dec 03
Nippon Coke & Engineering Company, Limited to Report Q3, 2025 Results on Feb 07, 2025 Nippon Coke & Engineering Company, Limited announced that they will report Q3, 2025 results on Feb 07, 2025 Reported Earnings • Nov 10
Second quarter 2025 earnings released: JP¥5.18 loss per share (vs JP¥3.27 profit in 2Q 2024) Second quarter 2025 results: JP¥5.18 loss per share (down from JP¥3.27 profit in 2Q 2024). Revenue: JP¥21.9b (down 43% from 2Q 2024). Net loss: JP¥1.51b (down 259% from profit in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 64 percentage points per year, which is a significant difference in performance. Aankondiging • Aug 29
Nippon Coke & Engineering Company, Limited to Report Q2, 2025 Results on Nov 08, 2024 Nippon Coke & Engineering Company, Limited announced that they will report Q2, 2025 results on Nov 08, 2024 Reported Earnings • Aug 13
First quarter 2025 earnings released: JP¥2.47 loss per share (vs JP¥1.30 profit in 1Q 2024) First quarter 2025 results: JP¥2.47 loss per share (down from JP¥1.30 profit in 1Q 2024). Revenue: JP¥25.8b (down 33% from 1Q 2024). Net loss: JP¥720.0m (down 291% from profit in 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to JP¥87.00, the stock trades at a trailing P/E ratio of 13.3x. Average trailing P/E is 10x in the Oil and Gas industry in Japan. Total loss to shareholders of 17% over the past three years. Aankondiging • Jun 02
Nippon Coke & Engineering Company, Limited to Report Q1, 2025 Results on Aug 08, 2024 Nippon Coke & Engineering Company, Limited announced that they will report Q1, 2025 results on Aug 08, 2024 Reported Earnings • May 13
Full year 2024 earnings released: EPS: JP¥6.52 (vs JP¥3.69 loss in FY 2023) Full year 2024 results: EPS: JP¥6.52 (up from JP¥3.69 loss in FY 2023). Revenue: JP¥135.2b (down 22% from FY 2023). Net income: JP¥1.90b (up JP¥2.97b from FY 2023). Profit margin: 1.4% (up from net loss in FY 2023). Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Aankondiging • May 12
Nippon Coke & Engineering Company, Limited, Annual General Meeting, Jun 27, 2024 Nippon Coke & Engineering Company, Limited, Annual General Meeting, Jun 27, 2024. Aankondiging • Mar 02
Nippon Coke & Engineering Company, Limited to Report Fiscal Year 2024 Results on May 10, 2024 Nippon Coke & Engineering Company, Limited announced that they will report fiscal year 2024 results on May 10, 2024 Reported Earnings • Feb 10
Third quarter 2024 earnings released: JP¥1.12 loss per share (vs JP¥2.13 loss in 3Q 2023) Third quarter 2024 results: JP¥1.12 loss per share (improved from JP¥2.13 loss in 3Q 2023). Revenue: JP¥29.5b (down 25% from 3Q 2023). Net loss: JP¥326.0m (loss narrowed 47% from 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Feb 09
Now 21% undervalued Over the last 90 days, the stock has risen 9.8% to JP¥123. The fair value is estimated to be JP¥156, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has declined by 36%. Aankondiging • Nov 29
Nippon Coke & Engineering Company, Limited to Report Q3, 2024 Results on Feb 09, 2024 Nippon Coke & Engineering Company, Limited announced that they will report Q3, 2024 results on Feb 09, 2024 Reported Earnings • Nov 11
Second quarter 2024 earnings released: EPS: JP¥3.27 (vs JP¥5.18 loss in 2Q 2023) Second quarter 2024 results: EPS: JP¥3.27 (up from JP¥5.18 loss in 2Q 2023). Revenue: JP¥38.5b (down 26% from 2Q 2023). Net income: JP¥951.0m (up JP¥2.46b from 2Q 2023). Profit margin: 2.5% (up from net loss in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Aankondiging • Sep 03
Nippon Coke & Engineering Company, Limited to Report Q2, 2024 Results on Nov 10, 2023 Nippon Coke & Engineering Company, Limited announced that they will report Q2, 2024 results on Nov 10, 2023 Reported Earnings • Aug 04
First quarter 2024 earnings released: EPS: JP¥1.30 (vs JP¥4.02 loss in 1Q 2023) First quarter 2024 results: EPS: JP¥1.30 (up from JP¥4.02 loss in 1Q 2023). Revenue: JP¥38.2b (down 9.5% from 1Q 2023). Net income: JP¥378.0m (up JP¥1.55b from 1Q 2023). Profit margin: 1.0% (up from net loss in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. New Risk • Jul 07
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 5.1% 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 2.0% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (5.1% average weekly change). Aankondiging • Jun 02
Nippon Coke & Engineering Company, Limited to Report Q1, 2024 Results on Aug 03, 2023 Nippon Coke & Engineering Company, Limited announced that they will report Q1, 2024 results on Aug 03, 2023 Reported Earnings • May 16
Full year 2023 earnings released: JP¥3.69 loss per share (vs JP¥25.36 profit in FY 2022) Full year 2023 results: JP¥3.69 loss per share (down from JP¥25.36 profit in FY 2022). Revenue: JP¥174.1b (up 40% from FY 2022). Net loss: JP¥1.08b (down 115% from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • May 14
Nippon Coke & Engineering Company, Limited, Annual General Meeting, Jun 29, 2023 Nippon Coke & Engineering Company, Limited, Annual General Meeting, Jun 29, 2023. Reported Earnings • Feb 04
Third quarter 2023 earnings released: JP¥2.13 loss per share (vs JP¥9.09 profit in 3Q 2022) Third quarter 2023 results: JP¥2.13 loss per share (down from JP¥9.09 profit in 3Q 2022). Revenue: JP¥39.4b (up 9.6% from 3Q 2022). Net loss: JP¥620.0m (down 123% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Aankondiging • Nov 30
Nippon Coke & Engineering Company, Limited to Report Q3, 2023 Results on Feb 03, 2023 Nippon Coke & Engineering Company, Limited announced that they will report Q3, 2023 results on Feb 03, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: JP¥5.18 loss per share (vs JP¥7.65 profit in 2Q 2022) Second quarter 2023 results: JP¥5.18 loss per share (down from JP¥7.65 profit in 2Q 2022). Revenue: JP¥52.0b (up 98% from 2Q 2022). Net loss: JP¥1.51b (down 168% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 59% 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 Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Outside Corporate Auditor Watanabe Takashi was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 13
Second quarter 2023 earnings released: JP¥5.18 loss per share (vs JP¥7.65 profit in 2Q 2022) Second quarter 2023 results: JP¥5.18 loss per share (down from JP¥7.65 profit in 2Q 2022). Revenue: JP¥52.0b (up 98% from 2Q 2022). Net loss: JP¥1.51b (down 168% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Aug 06
First quarter 2023 earnings released: JP¥4.02 loss per share (vs JP¥5.96 profit in 1Q 2022) First quarter 2023 results: JP¥4.02 loss per share (down from JP¥5.96 profit in 1Q 2022). Revenue: JP¥42.2b (up 90% from 1Q 2022). Net loss: JP¥1.17b (down 168% from profit in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 04
Investor sentiment deteriorated over the past week After last week's 16% share price decline to JP¥103, the stock trades at a trailing P/E ratio of 4.1x. Average trailing P/E is 8x in the Oil and Gas industry in Japan. Total returns to shareholders of 28% over the past three years. Reported Earnings • May 16
Full year 2022 earnings released: EPS: JP¥25.36 (vs JP¥13.63 in FY 2021) Full year 2022 results: EPS: JP¥25.36 (up from JP¥13.63 in FY 2021). Revenue: JP¥124.7b (up 42% from FY 2021). Net income: JP¥7.38b (up 86% from FY 2021). Profit margin: 5.9% (up from 4.5% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. President & Representative Director Hiroaki Matsuoka was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥6.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 30 June 2022. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.4%). In line with average of industry peers (3.7%). Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment deteriorated over the past week After last week's 19% share price decline to JP¥154, the stock trades at a trailing P/E ratio of 5.1x. Average trailing P/E is 9x in the Oil and Gas industry in Japan. Total returns to shareholders of 69% over the past three years. Reported Earnings • Feb 07
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥9.09 (up from JP¥3.98 in 3Q 2021). Revenue: JP¥36.0b (up 63% from 3Q 2021). Net income: JP¥2.65b (up 128% from 3Q 2021). Profit margin: 7.4% (up from 5.3% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 07
Second quarter 2022 earnings released: EPS JP¥7.65 (vs JP¥4.75 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥26.3b (up 26% from 2Q 2021). Net income: JP¥2.23b (up 61% from 2Q 2021). Profit margin: 8.5% (up from 6.6% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 09
First quarter 2022 earnings released: EPS JP¥5.96 (vs JP¥2.81 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥22.2b (up 9.9% from 1Q 2021). Net income: JP¥1.73b (up JP¥2.55b from 1Q 2021). Profit margin: 7.8% (up from net loss in 1Q 2021). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has fallen by 1% per year. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥3.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 29 June 2021. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (2.7%). Lower than average of industry peers (3.5%). Is New 90 Day High Low • Feb 15
New 90-day high: JP¥106 The company is up 45% from its price of JP¥73.00 on 17 November 2020. The Japanese market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 23% over the same period. Reported Earnings • Feb 08
Third quarter 2021 earnings released: EPS JP¥3.98 (vs JP¥1.00 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: JP¥22.0b (down 16% from 3Q 2020). Net income: JP¥1.16b (up 298% from 3Q 2020). Profit margin: 5.3% (up from 1.1% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Jan 28
New 90-day high: JP¥99.00 The company is up 52% from its price of JP¥65.00 on 30 October 2020. The Japanese market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 22% over the same period. Valuation Update With 7 Day Price Move • Jan 04
Investor sentiment improved over the past week After last week's 15% share price gain to JP¥98.00, the stock is trading at a trailing P/E ratio of 23.4x, up from the previous P/E ratio of 20.3x. This compares to an average P/E of 11x in the Oil and Gas industry in Japan. Total return to shareholders over the past three years is a loss of 20%. Is New 90 Day High Low • Jan 04
New 90-day high: JP¥98.00 The company is up 56% from its price of JP¥63.00 on 06 October 2020. The Japanese market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 5.0% over the same period. Valuation Update With 7 Day Price Move • Dec 28
Investor sentiment improved over the past week After last week's 18% share price gain to JP¥85.00, the stock is trading at a trailing P/E ratio of 20.3x, up from the previous P/E ratio of 17.2x. This compares to an average P/E of 11x in the Oil and Gas industry in Japan. Total return to shareholders over the past three years is a loss of 29%. Is New 90 Day High Low • Dec 16
New 90-day high: JP¥75.00 The company is up 23% from its price of JP¥61.00 on 17 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is down 2.0% over the same period.