Valuation Update With 7 Day Price Move • Aug 17
Investor sentiment improves as stock rises 34% After last week's 34% share price gain to JP¥6,930, the stock trades at a trailing P/E ratio of 14.8x. Average trailing P/E is 16x in the Electronic industry in Japan. Total returns to shareholders of 263% over the past three years. Reported Earnings • Aug 13
First quarter 2027 earnings released: EPS: JP¥337 (vs JP¥54.64 in 1Q 2026) First quarter 2027 results: EPS: JP¥337 (up from JP¥54.64 in 1Q 2026). Revenue: JP¥19.6b (up 100% from 1Q 2026). Net income: JP¥635.0m (up JP¥532.0m from 1Q 2026). Profit margin: 3.2% (up from 1.1% in 1Q 2026). 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 increased by 44% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Jul 31
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 9.4% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. 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). Share price has been highly volatile over the past 3 months (9.4% average weekly change). Earnings have declined by 5.5% per year over the past 5 years. High level of non-cash earnings (51% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (0.8% net profit margin). Market cap is less than US$100m (JP¥7.73b market cap, or US$48.3m). Valuation Update With 7 Day Price Move • Jul 31
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥4,090, the stock trades at a trailing P/E ratio of 22x. Average trailing P/E is 15x in the Electronic industry in Japan. Total returns to shareholders of 56% over the past three years. New Risk • Jun 01
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: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 5.5% per year over the past 5 years. High level of non-cash earnings (51% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.3% average weekly change). Profit margins are more than 30% lower than last year (0.8% net profit margin). Market cap is less than US$100m (JP¥7.47b market cap, or US$46.8m). Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥3,900, the stock trades at a trailing P/E ratio of 20.9x. Average trailing P/E is 16x in the Electronic industry in Japan. Total returns to shareholders of 41% over the past three years. New Risk • May 17
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. 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 5.5% per year over the past 5 years. High level of non-cash earnings (51% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (0.8% net profit margin). Market cap is less than US$100m (JP¥5.89b market cap, or US$37.1m). Reported Earnings • May 17
Full year 2026 earnings released: EPS: JP¥186 (vs JP¥332 in FY 2025) Full year 2026 results: EPS: JP¥186 (down from JP¥332 in FY 2025). Revenue: JP¥42.8b (down 2.1% from FY 2025). Net income: JP¥351.0m (down 45% from FY 2025). Profit margin: 0.8% (down from 1.5% in FY 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has increased by 1% per year. Aankondiging • May 13
Shinden Hightex Corporation, Annual General Meeting, Jun 25, 2026 Shinden Hightex Corporation, Annual General Meeting, Jun 25, 2026. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥130 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 25 June 2026. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 4.6%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%). Reported Earnings • Feb 10
Third quarter 2026 earnings released: EPS: JP¥42.44 (vs JP¥32.85 in 3Q 2025) Third quarter 2026 results: EPS: JP¥42.44 (up from JP¥32.85 in 3Q 2025). Revenue: JP¥10.6b (down 4.4% from 3Q 2025). Net income: JP¥80.0m (up 29% from 3Q 2025). Profit margin: 0.8% (up from 0.6% in 3Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Reported Earnings • Nov 14
Second quarter 2026 earnings released: EPS: JP¥36.60 (vs JP¥150 in 2Q 2025) Second quarter 2026 results: EPS: JP¥36.60 (down from JP¥150 in 2Q 2025). Revenue: JP¥10.1b (down 16% from 2Q 2025). Net income: JP¥69.0m (down 77% from 2Q 2025). Profit margin: 0.7% (down from 2.5% in 2Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥3,010, the stock trades at a trailing P/E ratio of 7.6x. Average trailing P/E is 15x in the Electronic industry in Japan. Total returns to shareholders of 59% over the past three years. Reported Earnings • Aug 10
First quarter 2026 earnings released: EPS: JP¥54.64 (vs JP¥2.02 loss in 1Q 2025) First quarter 2026 results: EPS: JP¥54.64 (up from JP¥2.02 loss in 1Q 2025). Revenue: JP¥9.76b (up 2.5% from 1Q 2025). Net income: JP¥103.0m (up JP¥107.0m from 1Q 2025). Profit margin: 1.1% (up from 0% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Reported Earnings • Jun 27
Full year 2025 earnings released: EPS: JP¥332 (vs JP¥148 in FY 2024) Full year 2025 results: EPS: JP¥332 (up from JP¥148 in FY 2024). Revenue: JP¥43.7b (up 3.5% from FY 2024). Net income: JP¥642.0m (up 120% from FY 2024). Profit margin: 1.5% (up from 0.7% in FY 2024). 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 13% per year, which means it is well ahead of earnings. Reported Earnings • May 14
Full year 2025 earnings released: EPS: JP¥332 (vs JP¥148 in FY 2024) Full year 2025 results: EPS: JP¥332 (up from JP¥148 in FY 2024). Revenue: JP¥43.7b (up 3.5% from FY 2024). Net income: JP¥642.0m (up 120% from FY 2024). Profit margin: 1.5% (up from 0.7% in FY 2024). 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 6% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • May 13
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥2,350, the stock trades at a trailing P/E ratio of 13.2x. Average trailing P/E is 12x in the Electronic industry in Japan. Total returns to shareholders of 33% over the past three years. Aankondiging • May 12
Shinden Hightex Corporation, Annual General Meeting, Jun 24, 2025 Shinden Hightex Corporation, Annual General Meeting, Jun 24, 2025. New Risk • Apr 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 5.8% 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: 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 (5.8% average weekly change). Market cap is less than US$100m (JP¥3.15b market cap, or US$21.6m). Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥2,050, the stock trades at a trailing P/E ratio of 11.5x. Average trailing P/E is 12x in the Electronic industry in Japan. Total returns to shareholders of 16% over the past three years. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥125 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 26 June 2025. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 5.2%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.7%). Reported Earnings • Feb 12
Third quarter 2025 earnings released: EPS: JP¥32.85 (vs JP¥223 in 3Q 2024) Third quarter 2025 results: EPS: JP¥32.85 (down from JP¥223 in 3Q 2024). Revenue: JP¥11.0b (down 6.4% from 3Q 2024). Net income: JP¥62.0m (down 86% from 3Q 2024). Profit margin: 0.6% (down from 3.8% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Reported Earnings • Nov 15
Second quarter 2025 earnings released: EPS: JP¥150 (vs JP¥143 in 2Q 2024) Second quarter 2025 results: EPS: JP¥150 (up from JP¥143 in 2Q 2024). Revenue: JP¥12.0b (up 16% from 2Q 2024). Net income: JP¥295.0m (up 4.6% from 2Q 2024). Profit margin: 2.5% (down from 2.7% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Aankondiging • Aug 26
Shinden Hightex Corporation (TSE:3131) announces an Equity Buyback for 100,000 shares, representing 5.04% for ¥350 million. Shinden Hightex Corporation (TSE:3131) announces a share repurchase program. Under the program, the company will repurchase up to 100,000 shares, representing 5.04% of its share capital, for ¥350 million. The purpose of the program is to improve capital efficiency, implement a flexible capital policy in response to changes in the business environment, and strengthen shareholder returns. The program will expire on February 28, 2025. As of August 23, 2024, the company had 1,985,161 shares in issue (excluding treasury stock) and 125,039 shares in treasury. Reported Earnings • Aug 13
First quarter 2025 earnings released: JP¥2.02 loss per share (vs JP¥213 loss in 1Q 2024) First quarter 2025 results: JP¥2.02 loss per share (improved from JP¥213 loss in 1Q 2024). Revenue: JP¥9.53b (down 2.7% from 1Q 2024). Net loss: JP¥4.00m (loss narrowed 99% from 1Q 2024). Profit margin: 0% (up from net loss in 1Q 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. New Risk • Aug 13
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 11% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (11% operating cash flow to total debt). 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 (8.6% average weekly change). Market cap is less than US$100m (JP¥4.56b market cap, or US$30.9m). Buy Or Sell Opportunity • Aug 07
Now 23% overvalued Over the last 90 days, the stock has fallen 19% to JP¥2,508. The fair value is estimated to be JP¥2,031, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 7.0% over the last 3 years. Earnings per share has declined by 11%. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 29% After last week's 29% share price decline to JP¥2,083, the stock trades at a trailing P/E ratio of 14.2x. Average trailing P/E is 12x in the Electronic industry in Japan. Total returns to shareholders of 32% over the past three years. Reported Earnings • May 13
Full year 2024 earnings released: EPS: JP¥148 (vs JP¥449 in FY 2023) Full year 2024 results: EPS: JP¥148 (down from JP¥449 in FY 2023). Revenue: JP¥42.3b (flat on FY 2023). Net income: JP¥292.0m (down 67% from FY 2023). Profit margin: 0.7% (down from 2.1% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Aankondiging • May 12
Shinden Hightex Corporation, Annual General Meeting, Jun 25, 2024 Shinden Hightex Corporation, Annual General Meeting, Jun 25, 2024. New Risk • Apr 05
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 5.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: 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 (5.9% average weekly change). Profit margins are more than 30% lower than last year (1.0% net profit margin). Market cap is less than US$100m (JP¥6.45b market cap, or US$42.6m). Upcoming Dividend • Mar 21
Upcoming dividend of JP¥60.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 28 June 2024. Payout ratio is a comfortable 64% and this is well supported by cash flows. Trailing yield: 4.6%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.4%). Aankondiging • Mar 02
Shinden Hightex Corporation to Report Fiscal Year 2024 Results on May 10, 2024 Shinden Hightex Corporation announced that they will report fiscal year 2024 results on May 10, 2024 Reported Earnings • Feb 10
Third quarter 2024 earnings released: EPS: JP¥223 (vs JP¥228 in 3Q 2023) Third quarter 2024 results: EPS: JP¥223 (down from JP¥228 in 3Q 2023). Revenue: JP¥11.8b (up 9.3% from 3Q 2023). Net income: JP¥443.0m (down 2.2% from 3Q 2023). Profit margin: 3.8% (down from 4.2% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Dec 21
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to JP¥2,760, the stock trades at a trailing P/E ratio of 13x. Average trailing P/E is 14x in the Electronic industry in Japan. Total returns to shareholders of 105% over the past three years. Reported Earnings • Nov 10
Second quarter 2024 earnings released: EPS: JP¥143 (vs JP¥192 in 2Q 2023) Second quarter 2024 results: EPS: JP¥143 (down from JP¥192 in 2Q 2023). Revenue: JP¥10.4b (down 20% from 2Q 2023). Net income: JP¥282.0m (down 28% from 2Q 2023). Profit margin: 2.7% (down from 3.0% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Aug 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 6.1% 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: Minor Risks High level of debt (54% net debt to equity). 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 (6.1% average weekly change). Market cap is less than US$100m (JP¥4.86b market cap, or US$33.8m). Valuation Update With 7 Day Price Move • Aug 09
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥2,490, the stock trades at a trailing P/E ratio of 5.4x. Average trailing P/E is 12x in the Electronic industry in Japan. Total returns to shareholders of 126% over the past three years. Reported Earnings • May 14
Full year 2023 earnings released: EPS: JP¥449 (vs JP¥368 in FY 2022) Full year 2023 results: EPS: JP¥449 (up from JP¥368 in FY 2022). Revenue: JP¥41.9b (down 3.5% from FY 2022). Net income: JP¥897.0m (up 20% from FY 2022). Profit margin: 2.1% (up from 1.7% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 38% per year whereas the company’s share price has increased by 39% per year. Aankondiging • May 13
Shinden Hightex Corporation, Annual General Meeting, Jun 27, 2023 Shinden Hightex Corporation, Annual General Meeting, Jun 27, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥127 per share at 4.3% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 26 June 2023. Payout ratio is a comfortable 25% but the company is not cash flow positive. Trailing yield: 4.3%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%). Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: JP¥228 (vs JP¥77.67 in 3Q 2022) Third quarter 2023 results: EPS: JP¥228 (up from JP¥77.67 in 3Q 2022). Revenue: JP¥10.8b (down 1.7% from 3Q 2022). Net income: JP¥453.0m (up 187% from 3Q 2022). Profit margin: 4.2% (up from 1.4% in 3Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Dec 19
Investor sentiment improved over the past week After last week's 18% share price gain to JP¥2,610, the stock trades at a trailing P/E ratio of 8.6x. Average trailing P/E is 11x in the Electronic industry in Japan. Total returns to shareholders of 119% over the past three years. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 10 non-independent directors. Independent Outside Director Hideaki Ayabe was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 11
Second quarter 2023 earnings released: EPS: JP¥192 (vs JP¥118 in 2Q 2022) Second quarter 2023 results: EPS: JP¥192 (up from JP¥118 in 2Q 2022). Revenue: JP¥12.9b (up 16% from 2Q 2022). Net income: JP¥389.0m (up 62% from 2Q 2022). Profit margin: 3.0% (up from 2.2% 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 37% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Aankondiging • Aug 24
Shinden Hightex Corporation (TSE:3131) announces an Equity Buyback for 100,000 shares, representing 4.92% for ¥220 million. Shinden Hightex Corporation (TSE:3131) announces a share repurchase program. Under the program, the company will repurchase up to 100,000 shares, representing 4.92% of its share capital, for ¥220 million. The purpose of the program is to improve capital efficiency and implement a flexible capital policy that responds to changes in the business environment, as well as to enhance shareholder returns. The program will expire on February 28, 2023. As of August 22, 2022, the company had 2,033,570 shares in issue (excluding treasury stock) and 76,630 shares in treasury. Reported Earnings • Aug 10
First quarter 2023 earnings released: JP¥23.60 loss per share (vs JP¥125 profit in 1Q 2022) First quarter 2023 results: JP¥23.60 loss per share (down from JP¥125 profit in 1Q 2022). Revenue: JP¥9.88b (down 11% from 1Q 2022). Net loss: JP¥48.0m (down 119% from profit in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 15
Full year 2022 earnings released: EPS: JP¥368 (vs JP¥246 in FY 2021) Full year 2022 results: EPS: JP¥368 (up from JP¥246 in FY 2021). Revenue: JP¥43.5b (down 12% from FY 2021). Net income: JP¥748.0m (up 51% from FY 2021). Profit margin: 1.7% (up from 1.0% 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 44% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Aankondiging • May 14
Shinden Hightex Corporation, Annual General Meeting, Jun 23, 2022 Shinden Hightex Corporation, Annual General Meeting, Jun 23, 2022. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 9 non-independent directors. Independent Outside Director Hideaki Ayabe was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Apr 07
Shinden Hightex Corporation to Report Fiscal Year 2022 Results on May 12, 2022 Shinden Hightex Corporation announced that they will report fiscal year 2022 results on May 12, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥103 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 25 June 2022. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 4.8%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.3%). Reported Earnings • Feb 09
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥77.67 (up from JP¥70.25 in 3Q 2021). Revenue: JP¥11.0b (down 12% from 3Q 2021). Net income: JP¥158.0m (up 11% from 3Q 2021). Profit margin: 1.4% (up from 1.2% 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 47% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 10
Second quarter 2022 earnings released: EPS JP¥118 (vs JP¥77.35 in 2Q 2021) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2022 results: Revenue: JP¥11.1b (down 23% from 2Q 2021). Net income: JP¥240.0m (up 54% from 2Q 2021). Profit margin: 2.2% (up from 1.1% 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 48% 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 • Aug 12
First quarter 2022 earnings released: EPS JP¥125 (vs JP¥61.64 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥11.1b (up 18% from 1Q 2021). Net income: JP¥254.0m (up 107% from 1Q 2021). Profit margin: 2.3% (up from 1.3% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 31% 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 • May 16
Full year 2021 earnings released: EPS JP¥246 (vs JP¥92.68 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥49.1b (up 11% from FY 2020). Net income: JP¥497.0m (up 169% from FY 2020). Profit margin: 1.0% (up from 0.4% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 5% per year. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥45.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 24 June 2021. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.1%). Aankondiging • Mar 04
Shinden Hightex Corporation to Report Fiscal Year 2021 Results on May 13, 2021 Shinden Hightex Corporation announced that they will report fiscal year 2021 results on May 13, 2021 Reported Earnings • Feb 10
Third quarter 2021 earnings released: EPS JP¥70.25 (vs JP¥17.03 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥12.4b (up 17% from 3Q 2020). Net income: JP¥143.0m (up JP¥177.0m from 3Q 2020). Profit margin: 1.2% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 08
New 90-day high: JP¥2,293 The company is up 69% from its price of JP¥1,357 on 10 November 2020. The Japanese market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 15% over the same period. Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment improved over the past week After last week's 18% share price gain to JP¥2,163, the stock is trading at a trailing P/E ratio of 13.9x, up from the previous P/E ratio of 11.8x. This compares to an average P/E of 20x in the Electronic industry in Japan. Total return to shareholders over the past three years is a loss of 42%. Is New 90 Day High Low • Jan 21
New 90-day high: JP¥1,830 The company is up 37% from its price of JP¥1,339 on 23 October 2020. The Japanese market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 22% over the same period. Valuation Update With 7 Day Price Move • Jan 12
Investor sentiment improved over the past week After last week's 16% share price gain to JP¥1,771, the stock is trading at a trailing P/E ratio of 11.4x, up from the previous P/E ratio of 9.8x. This compares to an average P/E of 19x in the Electronic industry in Japan. Total return to shareholders over the past three years is a loss of 52%. Valuation Update With 7 Day Price Move • Dec 22
Investor sentiment deteriorated over the past week After last week's 19% share price decline to JP¥1,446, the stock is trading at a trailing P/E ratio of 9.3x, down from the previous P/E ratio of 11.5x. This compares to an average P/E of 19x in the Electronic industry in Japan. Total return to shareholders over the past three years is a loss of 55%. Is New 90 Day High Low • Dec 14
New 90-day high: JP¥1,820 The company is up 39% from its price of JP¥1,305 on 15 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 Electronic industry, which is up 14% over the same period. Valuation Update With 7 Day Price Move • Dec 01
Market bids up stock over the past week After last week's 20% share price gain to JP¥1,680, the stock is trading at a trailing P/E ratio of 10.8x, up from the previous P/E ratio of 9x. This compares to an average P/E of 18x in the Electronic industry in Japan. Total return to shareholders over the past three years is a loss of 46%. 
