Reported Earnings • May 19
Full year 2026 earnings released: EPS: JP¥141 (vs JP¥30.37 in FY 2025) Full year 2026 results: EPS: JP¥141 (up from JP¥30.37 in FY 2025). Revenue: JP¥3.61b (up 6.7% from FY 2025). Net income: JP¥372.0m (up 365% from FY 2025). Profit margin: 10% (up from 2.4% in FY 2025). The increase in margin was primarily 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 6% per year. Aankondiging • May 14
POVAL KOGYO Co., Ltd., Annual General Meeting, Jun 26, 2026 POVAL KOGYO Co., Ltd., Annual General Meeting, Jun 26, 2026. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥19.50 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 29 June 2026. Payout ratio is a comfortable 46% but the company is not cash flow positive. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.3%). Reported Earnings • Feb 14
Third quarter 2026 earnings released: EPS: JP¥36.82 (vs JP¥23.15 in 3Q 2025) Third quarter 2026 results: EPS: JP¥36.82 (up from JP¥23.15 in 3Q 2025). Revenue: JP¥905.0m (up 3.0% from 3Q 2025). Net income: JP¥97.0m (up 59% from 3Q 2025). Profit margin: 11% (up from 6.9% in 3Q 2025). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. New Risk • Feb 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.8% 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 15% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.8% average weekly change). Market cap is less than US$100m (JP¥3.77b market cap, or US$24.6m). Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥1,620, the stock trades at a trailing P/E ratio of 23.3x. Average trailing P/E is 15x in the Chemicals industry in Japan. Total returns to shareholders of 62% over the past three years. Aankondiging • Jan 08
POVAL KOGYO Co., Ltd. to Report Q3, 2026 Results on Feb 12, 2026 POVAL KOGYO Co., Ltd. announced that they will report Q3, 2026 results on Feb 12, 2026 Reported Earnings • Nov 17
Second quarter 2026 earnings released: EPS: JP¥41.37 (vs JP¥19.36 in 2Q 2025) Second quarter 2026 results: EPS: JP¥41.37 (up from JP¥19.36 in 2Q 2025). Revenue: JP¥954.0m (up 16% from 2Q 2025). Net income: JP¥109.0m (up 114% from 2Q 2025). Profit margin: 11% (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 fallen by 26% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥19.50 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 01 December 2025. Payout ratio is on the higher end at 80%, and the cash payout ratio is above 100%. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.6%). Aankondiging • Sep 02
POVAL KOGYO Co., Ltd. to Report Q2, 2026 Results on Nov 13, 2025 POVAL KOGYO Co., Ltd. announced that they will report Q2, 2026 results on Nov 13, 2025 Reported Earnings • Aug 10
First quarter 2026 earnings released: EPS: JP¥17.84 (vs JP¥0.76 in 1Q 2025) First quarter 2026 results: EPS: JP¥17.84 (up from JP¥0.76 in 1Q 2025). Revenue: JP¥888.0m (up 10% from 1Q 2025). Net income: JP¥47.0m (up JP¥45.0m from 1Q 2025). Profit margin: 5.3% (up from 0.2% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Aankondiging • Jul 08
POVAL KOGYO Co., Ltd. to Report Q1, 2026 Results on Aug 08, 2025 POVAL KOGYO Co., Ltd. announced that they will report Q1, 2026 results on Aug 08, 2025 New Risk • Jun 02
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 125% Dividend per share is over 5x cash flows per share. Dividend yield: 3.3% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 125% Dividend per share is over 5x cash flows per share. Earnings have declined by 17% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.4% net profit margin). Market cap is less than US$100m (JP¥3.11b market cap, or US$21.7m). Reported Earnings • May 20
Full year 2025 earnings released: EPS: JP¥30.37 (vs JP¥70.22 in FY 2024) Full year 2025 results: EPS: JP¥30.37 (down from JP¥70.22 in FY 2024). Revenue: JP¥3.38b (down 5.9% from FY 2024). Net income: JP¥80.0m (down 57% from FY 2024). Profit margin: 2.4% (down from 5.2% in FY 2024). 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 6% per year, which means it is well ahead of earnings. Aankondiging • May 14
POVAL KOGYO Co., Ltd., Annual General Meeting, Jun 26, 2025 POVAL KOGYO Co., Ltd., Annual General Meeting, Jun 26, 2025. Aankondiging • Mar 28
POVAL KOGYO Co., Ltd. to Report Fiscal Year 2025 Results on May 14, 2025 POVAL KOGYO Co., Ltd. announced that they will report fiscal year 2025 results on May 14, 2025 Buy Or Sell Opportunity • Mar 24
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 3.0% to JP¥1,220. The fair value is estimated to be JP¥1,015, however this is not to be taken as a sell 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 17%. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥19.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 30 June 2025. Payout ratio is a comfortable 37% but the company is not cash flow positive. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.6%). Reported Earnings • Feb 15
Third quarter 2025 earnings released: EPS: JP¥23.15 (vs JP¥23.53 in 3Q 2024) Third quarter 2025 results: EPS: JP¥23.15 (down from JP¥23.53 in 3Q 2024). Revenue: JP¥879.0m (up 7.9% from 3Q 2024). Net income: JP¥61.0m (down 1.6% from 3Q 2024). Profit margin: 6.9% (down from 7.6% in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 17% 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. Aankondiging • Feb 13
POVAL KOGYO Co., Ltd. to Report Q3, 2025 Results on Feb 13, 2025 POVAL KOGYO Co., Ltd. announced that they will report Q3, 2025 results on Feb 13, 2025 New Risk • Jan 12
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Market cap is less than US$100m (JP¥3.17b market cap, or US$20.1m). New Risk • Nov 26
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: 4.0% Last year net profit margin: 6.3% 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 have declined by 13% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.0% net profit margin). Market cap is less than US$100m (JP¥3.12b market cap, or US$20.3m). Aankondiging • Sep 27
POVAL KOGYO Co., Ltd. to Report Q2, 2025 Results on Nov 14, 2024 POVAL KOGYO Co., Ltd. announced that they will report Q2, 2025 results on Nov 14, 2024 Upcoming Dividend • Sep 20
Upcoming dividend of JP¥19.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 54% but the company is not cash flow positive. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.4%). Reported Earnings • Aug 13
First quarter 2025 earnings released: EPS: JP¥0.76 (vs JP¥2.28 in 1Q 2024) First quarter 2025 results: EPS: JP¥0.76 (down from JP¥2.28 in 1Q 2024). Revenue: JP¥805.0m (down 10% from 1Q 2024). Net income: JP¥2.00m (down 67% from 1Q 2024). Profit margin: 0.2% (down from 0.7% in 1Q 2024). The decrease in margin was driven by lower revenue. 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 3% per year. Aankondiging • Jun 29
POVAL KOGYO Co., Ltd. to Report Q1, 2025 Results on Aug 08, 2024 POVAL KOGYO Co., Ltd. announced that they will report Q1, 2025 results on Aug 08, 2024 Reported Earnings • May 19
Full year 2024 earnings released: EPS: JP¥70.22 (vs JP¥97.17 in FY 2023) Full year 2024 results: EPS: JP¥70.22 (down from JP¥97.17 in FY 2023). Revenue: JP¥3.59b (flat on FY 2023). Net income: JP¥185.0m (down 28% from FY 2023). Profit margin: 5.2% (down from 7.2% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 3% per year. Aankondiging • May 16
POVAL KOGYO Co., Ltd., Annual General Meeting, Jun 27, 2024 POVAL KOGYO Co., Ltd., Annual General Meeting, Jun 27, 2024. Aankondiging • Apr 29
POVAL KOGYO Co., Ltd. to Report Fiscal Year 2024 Results on May 14, 2024 POVAL KOGYO Co., Ltd. announced that they will report fiscal year 2024 results on May 14, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥18.50 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 28 June 2024. Payout ratio is a comfortable 42% but the company is not cash flow positive. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (2.1%). Reported Earnings • Feb 15
Third quarter 2024 earnings released: EPS: JP¥23.53 (vs JP¥23.91 in 3Q 2023) Third quarter 2024 results: EPS: JP¥23.53 (down from JP¥23.91 in 3Q 2023). Revenue: JP¥815.0m (down 1.7% from 3Q 2023). Net income: JP¥62.0m (down 1.6% from 3Q 2023). Profit margin: 7.6% (in line with 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 3% per year. Aankondiging • Jan 20
POVAL KOGYO Co., Ltd. to Report Q3, 2024 Results on Feb 13, 2024 POVAL KOGYO Co., Ltd. announced that they will report Q3, 2024 results on Feb 13, 2024 Reported Earnings • Nov 12
Second quarter 2024 earnings released: EPS: JP¥37.96 (vs JP¥21.26 in 2Q 2023) Second quarter 2024 results: EPS: JP¥37.96 (up from JP¥21.26 in 2Q 2023). Revenue: JP¥988.0m (up 12% from 2Q 2023). Net income: JP¥100.0m (up 79% from 2Q 2023). Profit margin: 10% (up from 6.4% in 2Q 2023). The increase in margin was driven by higher revenue. 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 4% per year, which means it is well ahead of earnings. Aankondiging • Nov 08
POVAL KOGYO Co., Ltd. to Report Q2, 2024 Results on Nov 10, 2023 POVAL KOGYO Co., Ltd. announced that they will report Q2, 2024 results on Nov 10, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of JP¥18.50 per share at 3.0% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 30 November 2023. Payout ratio is a comfortable 52% but the company is paying out more than the cash it is generating. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (2.5%). Reported Earnings • Aug 12
First quarter 2024 earnings released: EPS: JP¥2.28 (vs JP¥29.61 in 1Q 2023) First quarter 2024 results: EPS: JP¥2.28 (down from JP¥29.61 in 1Q 2023). Revenue: JP¥898.0m (down 3.8% from 1Q 2023). Net income: JP¥6.00m (down 92% from 1Q 2023). Profit margin: 0.7% (down from 8.4% in 1Q 2023). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Reported Earnings • May 17
Full year 2023 earnings released: EPS: JP¥97.17 (vs JP¥106 in FY 2022) Full year 2023 results: EPS: JP¥97.17 (down from JP¥106 in FY 2022). Revenue: JP¥3.57b (up 2.6% from FY 2022). Net income: JP¥256.0m (down 8.2% from FY 2022). Profit margin: 7.2% (down from 8.0% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥18.00 per share at 3.0% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 27 June 2023. Payout ratio is a comfortable 35% 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 (2.8%). Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: JP¥23.91 (vs JP¥21.26 in 3Q 2022) Third quarter 2023 results: EPS: JP¥23.91 (up from JP¥21.26 in 3Q 2022). Revenue: JP¥829.0m (up 4.4% from 3Q 2022). Net income: JP¥63.0m (up 13% from 3Q 2022). Profit margin: 7.6% (up from 7.1% in 3Q 2022). 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 but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Aankondiging • Dec 29
POVAL KOGYO Co., Ltd. to Report Q3, 2023 Results on Feb 10, 2023 POVAL KOGYO Co., Ltd. announced that they will report Q3, 2023 results on Feb 10, 2023 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. No experienced directors. 8 highly experienced directors. No independent directors (5 non-independent directors). External Director Koichi Ohshima was the last director to join the board, commencing their role in 2014. 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
Second quarter 2023 earnings released: EPS: JP¥21.26 (vs JP¥20.88 in 2Q 2022) Second quarter 2023 results: EPS: JP¥21.26 (up from JP¥20.88 in 2Q 2022). Revenue: JP¥881.0m (up 5.9% from 2Q 2022). Net income: JP¥56.0m (up 1.8% from 2Q 2022). Profit margin: 6.4% (down from 6.6% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥18.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 30 November 2022. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.9%). Aankondiging • Aug 31
POVAL KOGYO Co., Ltd. to Report Q2, 2023 Results on Nov 11, 2022 POVAL KOGYO Co., Ltd. announced that they will report Q2, 2023 results on Nov 11, 2022 Reported Earnings • Aug 11
First quarter 2023 earnings released: EPS: JP¥29.61 (vs JP¥40.61 in 1Q 2022) First quarter 2023 results: EPS: JP¥29.61 (down from JP¥40.61 in 1Q 2022). Revenue: JP¥933.0m (down 1.2% from 1Q 2022). Net income: JP¥78.0m (down 27% from 1Q 2022). Profit margin: 8.4% (down from 11% in 1Q 2022). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Aankondiging • Jun 29
POVAL KOGYO Co., Ltd. to Report Q1, 2023 Results on Aug 09, 2022 POVAL KOGYO Co., Ltd. announced that they will report Q1, 2023 results on Aug 09, 2022 Reported Earnings • May 18
Full year 2022 earnings released: EPS: JP¥106 (vs JP¥80.09 in FY 2021) Full year 2022 results: EPS: JP¥106 (up from JP¥80.09 in FY 2021). Revenue: JP¥3.48b (up 6.9% from FY 2021). Net income: JP¥279.0m (up 32% from FY 2021). Profit margin: 8.0% (up from 6.5% in FY 2021). 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 but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Aankondiging • May 18
POVAL KOGYO Co., Ltd., Annual General Meeting, Jun 24, 2022 POVAL KOGYO Co., Ltd., Annual General Meeting, Jun 24, 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. 1 experienced director. 7 highly experienced directors. No independent directors (5 non-independent directors). External Director Koichi Ohshima was the last director to join the board, commencing their role in 2014. 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
POVAL KOGYO Co., Ltd. to Report Fiscal Year 2022 Results on May 13, 2022 POVAL KOGYO Co., Ltd. announced that they will report fiscal year 2022 results on May 13, 2022 Board Change • Apr 08
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. 1 experienced director. 7 highly experienced directors. No independent directors (5 non-independent directors). External Director Koichi Ohshima was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.