Aankondiging • Jun 19
Amano Corporation to Report Q1, 2027 Results on Jul 28, 2026 Amano Corporation announced that they will report Q1, 2027 results on Jul 28, 2026 Reported Earnings • Apr 28
Full year 2026 earnings: EPS exceeds analyst expectations Full year 2026 results: EPS: JP¥286 (up from JP¥250 in FY 2025). Revenue: JP¥176.5b (flat on FY 2025). Net income: JP¥20.1b (up 13% from FY 2025). Profit margin: 11% (up from 10% in FY 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 16%. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Electronic industry in Japan. 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 10% per year, which means it is significantly lagging earnings growth. Aankondiging • Apr 27
Amano Corporation, Annual General Meeting, Jun 29, 2026 Amano Corporation, Annual General Meeting, Jun 29, 2026. Buy Or Sell Opportunity • Apr 24
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 8.8% to JP¥3,794. The fair value is estimated to be JP¥4,764, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 18%. For the next 3 years, revenue is forecast to grow by 4.6% per annum. Earnings are also forecast to grow by 8.3% per annum over the same time period. Aankondiging • Mar 23
Amano Corporation to Report Fiscal Year 2026 Results on Apr 27, 2026 Amano Corporation announced that they will report fiscal year 2026 results on Apr 27, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥125 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 30 June 2026. Payout ratio is a comfortable 54% and the cash payout ratio is 86%. Trailing yield: 4.7%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%). Buy Or Sell Opportunity • Mar 13
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 7.3% to JP¥3,873. The fair value is estimated to be JP¥4,875, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 18%. For the next 3 years, revenue is forecast to grow by 4.6% per annum. Earnings are also forecast to grow by 8.3% per annum over the same time period. Reported Earnings • Jan 31
Third quarter 2026 earnings released: EPS: JP¥59.86 (vs JP¥70.51 in 3Q 2025) Third quarter 2026 results: EPS: JP¥59.86 (down from JP¥70.51 in 3Q 2025). Revenue: JP¥43.1b (up 3.4% from 3Q 2025). Net income: JP¥4.21b (down 16% from 3Q 2025). Profit margin: 9.8% (down from 12% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 18% per year and the company’s share price has also increased by 18% per year. Aankondiging • Jan 30
Amano Corporation (TSE:6436) announces an Equity Buyback for 1,147,000 shares, representing 1.61% for ¥5,000 million. Amano Corporation (TSE:6436) announces a share repurchase program. Under the program, the company will repurchase up to 1,147,000 shares, representing 1.61% of its issued share capital (excluding treasury stock), for a total purchase price of ¥5,000 million. The purpose of the program is to acquire shares in order to flexibly carry out capital management strategies and to improve capital efficiency in response to changes in the business environment, While strengthening shareholder returns. The program will continue through March 31, 2026. As of December 31, 2025, the company had 71,106,129 issued shares (excluding treasury stock) and 543 treasury shares. Aankondiging • Dec 26
Amano Corporation to Report Q3, 2026 Results on Jan 30, 2026 Amano Corporation announced that they will report Q3, 2026 results on Jan 30, 2026 Declared Dividend • Dec 03
First half dividend of JP¥125 announced Shareholders will receive a dividend of JP¥125. Ex-date: 30th March 2026 Payment date: 30th June 2026 Dividend yield will be 4.4%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (74% earnings payout ratio) and cash flows (83% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 30% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Oct 30
Second quarter 2026 earnings released: EPS: JP¥75.66 (vs JP¥78.06 in 2Q 2025) Second quarter 2026 results: EPS: JP¥75.66 (down from JP¥78.06 in 2Q 2025). Revenue: JP¥44.9b (flat on 2Q 2025). Net income: JP¥5.33b (down 4.2% from 2Q 2025). Profit margin: 12% (in line with 2Q 2025). Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 16% per year. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥55.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 03 December 2025. Payout ratio is a comfortable 71% and this is well supported by cash flows. Trailing yield: 4.2%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%). Aankondiging • Sep 21
Amano Corporation to Report Q2, 2026 Results on Oct 29, 2025 Amano Corporation announced that they will report Q2, 2026 results on Oct 29, 2025 Reported Earnings • Jul 29
First quarter 2026 earnings released: EPS: JP¥19.03 (vs JP¥22.36 in 1Q 2025) First quarter 2026 results: EPS: JP¥19.03 (down from JP¥22.36 in 1Q 2025). Revenue: JP¥39.1b (flat on 1Q 2025). Net income: JP¥1.35b (down 16% from 1Q 2025). Profit margin: 3.5% (down from 4.1% in 1Q 2025). Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 17% per year. Declared Dividend • Jul 09
Final dividend of JP¥55.00 announced Shareholders will receive a dividend of JP¥55.00. Ex-date: 29th September 2025 Payment date: 3rd December 2025 Dividend yield will be 4.0%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (64% earnings payout ratio) and cash flows (72% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 21% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • Jun 20
Amano Corporation to Report Q1, 2026 Results on Jul 25, 2025 Amano Corporation announced that they will report Q1, 2026 results on Jul 25, 2025 Reported Earnings • Apr 25
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: JP¥250 (up from JP¥182 in FY 2024). Revenue: JP¥175.4b (up 15% from FY 2024). Net income: JP¥17.8b (up 36% from FY 2024). Profit margin: 10% (up from 8.6% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.4%. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 18% per year. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥95.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 30 June 2025. Payout ratio is a comfortable 64% and this is well supported by cash flows. Trailing yield: 3.7%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.7%). Aankondiging • Mar 18
Amano Corporation to Report Fiscal Year 2025 Results on Apr 24, 2025 Amano Corporation announced that they will report fiscal year 2025 results on Apr 24, 2025 Buy Or Sell Opportunity • Feb 03
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 7.0% to JP¥3,937. The fair value is estimated to be JP¥4,980, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 20%. Revenue is forecast to grow by 10% in 2 years. Earnings are forecast to grow by 20% in the next 2 years. Reported Earnings • Feb 01
Third quarter 2025 earnings released: EPS: JP¥70.51 (vs JP¥49.32 in 3Q 2024) Third quarter 2025 results: EPS: JP¥70.51 (up from JP¥49.32 in 3Q 2024). Revenue: JP¥41.7b (up 11% from 3Q 2024). Net income: JP¥5.03b (up 42% from 3Q 2024). Profit margin: 12% (up from 9.4% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 23% per year. Aankondiging • Dec 21
Amano Corporation to Report Q3, 2025 Results on Jan 31, 2025 Amano Corporation announced that they will report Q3, 2025 results on Jan 31, 2025 Reported Earnings • Oct 31
Second quarter 2025 earnings released: EPS: JP¥78.06 (vs JP¥55.56 in 2Q 2024) Second quarter 2025 results: EPS: JP¥78.06 (up from JP¥55.56 in 2Q 2024). Revenue: JP¥45.2b (up 18% from 2Q 2024). Net income: JP¥5.56b (up 39% from 2Q 2024). Profit margin: 12% (up from 10% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 16% per year. Aankondiging • Sep 20
Amano Corporation to Report Q2, 2025 Results on Oct 29, 2024 Amano Corporation announced that they will report Q2, 2025 results on Oct 29, 2024 Upcoming Dividend • Sep 20
Upcoming dividend of JP¥45.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 04 December 2024. Payout ratio is a comfortable 73% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.5%). Reported Earnings • Jul 27
First quarter 2025 earnings released: EPS: JP¥22.36 (vs JP¥21.43 in 1Q 2024) First quarter 2025 results: EPS: JP¥22.36 (up from JP¥21.43 in 1Q 2024). Revenue: JP¥39.0b (up 23% from 1Q 2024). Net income: JP¥1.60b (up 2.8% from 1Q 2024). Profit margin: 4.1% (down from 4.9% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Jul 26
Now 26% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.2% to JP¥3,728. The fair value is estimated to be JP¥5,011, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 24%. For the next 3 years, revenue is forecast to grow by 4.6% per annum. Earnings are also forecast to grow by 9.0% per annum over the same time period. Aankondiging • Jun 19
Amano Corporation to Report Q1, 2025 Results on Jul 25, 2024 Amano Corporation announced that they will report Q1, 2025 results on Jul 25, 2024 Aankondiging • Apr 28
Amano Corporation, Annual General Meeting, Jun 27, 2024 Amano Corporation, Annual General Meeting, Jun 27, 2024. Reported Earnings • Apr 26
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: JP¥182 (up from JP¥154 in FY 2023). Revenue: JP¥152.9b (up 15% from FY 2023). Net income: JP¥13.1b (up 16% from FY 2023). Profit margin: 8.6% (in line with FY 2023). Revenue exceeded analyst estimates by 5.6%. Earnings per share (EPS) also surpassed analyst estimates by 2.0%. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Apr 26
Now 20% undervalued Over the last 90 days, the stock has risen 12% to JP¥3,774. The fair value is estimated to be JP¥4,719, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 24%. For the next 3 years, revenue is forecast to grow by 4.1% per annum. Earnings are also forecast to grow by 7.2% per annum over the same time period. Aankondiging • Apr 26
Amano Corporation (TSE:6436) announces an Equity Buyback for 500,000 shares, representing 0.69% for ¥2,000 million. Amano Corporation (TSE:6436) announces a share repurchase program. Under the program, the company will repurchase up to 500,000 shares, representing 0.69% of its issued share capital (excluding treasury stock), for a total purchase price of ¥2,000 million. The purpose of the program is to implement a flexible capital policy that responds to changes in the business environment and to improve capital efficiency. The program will continue through July 31, 2024. As of March 31, 2024, the company had 72,503,167 issued shares (excluding treasury stock) and 4,154,662 treasury shares. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥80.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 62% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.4%). Aankondiging • Mar 19
Amano Corporation to Report Fiscal Year 2024 Results on Apr 25, 2024 Amano Corporation announced that they will report fiscal year 2024 results on Apr 25, 2024 Buy Or Sell Opportunity • Mar 11
Now 20% undervalued Over the last 90 days, the stock has risen 12% to JP¥3,645. The fair value is estimated to be JP¥4,579, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.8% over the last 3 years. Earnings per share has grown by 23%. Revenue is forecast to grow by 7.5% in 2 years. Earnings are forecast to grow by 11% in the next 2 years. Buy Or Sell Opportunity • Feb 19
Now 22% undervalued Over the last 90 days, the stock has risen 19% to JP¥3,732. The fair value is estimated to be JP¥4,759, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.8% over the last 3 years. Earnings per share has grown by 23%. For the next 3 years, revenue is forecast to grow by 4.9% per annum. Earnings are also forecast to grow by 5.5% per annum over the same time period. Reported Earnings • Feb 03
Third quarter 2024 earnings released: EPS: JP¥49.32 (vs JP¥35.31 in 3Q 2023) Third quarter 2024 results: EPS: JP¥49.32 (up from JP¥35.31 in 3Q 2023). Revenue: JP¥37.6b (up 18% from 3Q 2023). Net income: JP¥3.54b (up 37% from 3Q 2023). Profit margin: 9.4% (up from 8.1% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Price Target Changed • Feb 02
Price target increased by 14% to JP¥3,750 Up from JP¥3,300, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of JP¥3,680. Stock is up 55% over the past year. The company is forecast to post earnings per share of JP¥189 for next year compared to JP¥154 last year. Aankondiging • Dec 14
Amano Corporation to Report Q3, 2024 Results on Feb 01, 2024 Amano Corporation announced that they will report Q3, 2024 results on Feb 01, 2024 Reported Earnings • Oct 29
Second quarter 2024 earnings released: EPS: JP¥55.56 (vs JP¥40.23 in 2Q 2023) Second quarter 2024 results: EPS: JP¥55.56 (up from JP¥40.23 in 2Q 2023). Revenue: JP¥38.3b (up 17% from 2Q 2023). Net income: JP¥4.00b (up 36% from 2Q 2023). Profit margin: 10% (up from 8.9% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥35.00 per share at 3.5% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 04 December 2023. Payout ratio is a comfortable 66% and this is well supported by cash flows. Trailing yield: 3.5%. Within top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.4%). Aankondiging • Sep 14
Amano Corporation to Report Q2, 2024 Results on Oct 27, 2023 Amano Corporation announced that they will report Q2, 2024 results on Oct 27, 2023 Price Target Changed • Sep 06
Price target increased by 9.7% to JP¥3,400 Up from JP¥3,100, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of JP¥3,280. Stock is up 30% over the past year. The company is forecast to post earnings per share of JP¥180 for next year compared to JP¥154 last year. Reported Earnings • Jul 28
First quarter 2024 earnings released: EPS: JP¥21.43 (vs JP¥10.41 in 1Q 2023) First quarter 2024 results: EPS: JP¥21.43 (up from JP¥10.41 in 1Q 2023). Revenue: JP¥31.8b (up 15% from 1Q 2023). Net income: JP¥1.56b (up 103% from 1Q 2023). Profit margin: 4.9% (up from 2.8% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 17% per year. Aankondiging • Jun 26
Amano Corporation to Report Q1, 2024 Results on Jul 27, 2023 Amano Corporation announced that they will report Q1, 2024 results on Jul 27, 2023 Reported Earnings • Apr 28
Full year 2023 earnings: EPS in line with analyst expectations despite revenue beat Full year 2023 results: EPS: JP¥154 (up from JP¥131 in FY 2022). Revenue: JP¥132.8b (up 12% from FY 2022). Net income: JP¥11.3b (up 16% from FY 2022). Profit margin: 8.5% (up from 8.2% in FY 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Electronic industry in Japan. 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 9% per year. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥70.00 per share at 4.0% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 56% and this is well supported by cash flows. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%). Reported Earnings • Feb 02
Third quarter 2023 earnings released: EPS: JP¥35.31 (vs JP¥31.05 in 3Q 2022) Third quarter 2023 results: EPS: JP¥35.31 (up from JP¥31.05 in 3Q 2022). Revenue: JP¥31.8b (up 15% from 3Q 2022). Net income: JP¥2.57b (up 12% from 3Q 2022). Profit margin: 8.1% (down from 8.3% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Price Target Changed • Dec 20
Price target increased to JP¥3,050 Up from JP¥2,850, the current price target is an average from 2 analysts. New target price is 26% above last closing price of JP¥2,418. Stock is down 5.7% over the past year. The company is forecast to post earnings per share of JP¥156 for next year compared to JP¥131 last year. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Outside Director Sumie Watanabe was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 30
Second quarter 2023 earnings released: EPS: JP¥40.23 (vs JP¥38.01 in 2Q 2022) Second quarter 2023 results: EPS: JP¥40.23 (up from JP¥38.01 in 2Q 2022). Revenue: JP¥32.8b (up 10% from 2Q 2022). Net income: JP¥2.94b (up 4.4% from 2Q 2022). Profit margin: 8.9% (down from 9.4% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 8% per year. Aankondiging • Sep 22
Amano Corporation to Report Q2, 2023 Results on Oct 28, 2022 Amano Corporation announced that they will report Q2, 2023 results on Oct 28, 2022 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 02 December 2022. Payout ratio is a comfortable 55% and this is well supported by cash flows. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.6%). Reported Earnings • Jul 30
First quarter 2023 earnings released: EPS: JP¥10.41 (vs JP¥5.42 in 1Q 2022) First quarter 2023 results: EPS: JP¥10.41 (up from JP¥5.42 in 1Q 2022). Revenue: JP¥27.6b (up 8.2% from 1Q 2022). Net income: JP¥766.0m (up 90% from 1Q 2022). Profit margin: 2.8% (up from 1.6% in 1Q 2022). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 8.5%, compared to a 10% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 7% per year. Aankondiging • Jun 22
Amano Corporation to Report Q1, 2023 Results on Jul 27, 2022 Amano Corporation announced that they will report Q1, 2023 results on Jul 27, 2022 Valuation Update With 7 Day Price Move • May 03
Investor sentiment improved over the past week After last week's 15% share price gain to JP¥2,516, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 11x in the Electronic industry in Japan. Total loss to shareholders of 2.9% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥3,307 per share. Reported Earnings • Apr 28
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: JP¥131 (up from JP¥97.08 in FY 2021). Revenue: JP¥118.4b (up 4.3% from FY 2021). Net income: JP¥9.73b (up 34% from FY 2021). Profit margin: 8.2% (up from 6.4% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.6%. Over the next year, revenue is forecast to grow 8.3%, compared to a 8.8% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 5% per year. Aankondiging • Apr 27
Amano Corporation (TSE:6436) announces an Equity Buyback for 1,000,000 shares, representing 1.35% for ¥2,500 million. Amano Corporation (TSE:6436) announces a share repurchase program. Under the program, the company will repurchase up to 1,000,000 shares, representing 1.35% of its issued share capital (excluding treasury stock), for a total purchase price of ¥2,500 million. The purpose of the program is to enable the execution of agile capital policies in response to changes in the business environment. The program will continue through August 31, 2022. As of March 31, 2022, the company had 74,294,437 issued shares (excluding treasury stock) and 2,363,392 treasury shares. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 11 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Outside Director Sumie Watanabe was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Aankondiging • Apr 08
Amano Corporation to Report Fiscal Year 2022 Results on Apr 26, 2022 Amano Corporation announced that they will report fiscal year 2022 results on Apr 26, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥45.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 30 June 2022. Payout ratio is a comfortable 64% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.3%). Reported Earnings • Feb 02
Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2022 results: EPS: JP¥31.05 (up from JP¥26.09 in 3Q 2021). Revenue: JP¥27.7b (up 1.4% from 3Q 2021). Net income: JP¥2.29b (up 18% from 3Q 2021). Profit margin: 8.3% (up from 7.1% in 3Q 2021). Revenue missed analyst estimates by 4.4%. Earnings per share (EPS) exceeded analyst estimates by 7.6%. Over the next year, revenue is forecast to grow 8.1%, compared to a 9.3% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 9% 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. Reported Earnings • Oct 29
Second quarter 2022 earnings released: EPS JP¥38.01 (vs JP¥32.25 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥29.8b (up 7.0% from 2Q 2021). Net income: JP¥2.81b (up 17% from 2Q 2021). Profit margin: 9.4% (up from 8.6% in 2Q 2021). 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. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 02 December 2021. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (1.0%). Reported Earnings • Jul 28
First quarter 2022 earnings released: EPS JP¥5.42 (vs JP¥4.56 in 1Q 2021) The company reported a solid first quarter result with improved earnings and profit margins, although revenues were flat. First quarter 2022 results: Revenue: JP¥25.5b (flat on 1Q 2021). Net income: JP¥403.0m (up 18% from 1Q 2021). Profit margin: 1.6% (up from 1.3% in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Price Target Changed • Jun 03
Price target increased to JP¥3,300 Up from JP¥3,050, the current price target is an average from 3 analysts. New target price is 17% above last closing price of JP¥2,818. Stock is up 18% over the past year. Aankondiging • May 14
Amano Corporation (TSE:6436) executed a contract to acquire shift management business from beepnow systems Co., Ltd. Amano Corporation (TSE:6436) executed a contract to acquire shift management business from beepnow systems Co., Ltd. on May 13, 2021. Major Estimate Revision • May 04
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate increased from JP¥117 to JP¥130. Revenue forecast unchanged at JP¥122.8b. Net income forecast to grow 34% next year vs 22% growth forecast for Electronic industry in Japan. Consensus price target up from JP¥3,050 to JP¥3,200. Share price rose 8.7% to JP¥2,969 over the past week. Reported Earnings • Apr 28
Full year 2021 earnings released: EPS JP¥97.08 (vs JP¥141 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥113.6b (down 15% from FY 2020). Net income: JP¥7.25b (down 31% from FY 2020). Profit margin: 6.4% (down from 7.9% in FY 2020). 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 2% per year, which means it is well ahead of earnings. Aankondiging • Apr 27
Amano Corporation (TSE:6436) announces an Equity Buyback for 750,000 shares, representing 1% for ¥2,250 million. Amano Corporation (TSE:6436) announces a share repurchase program. Under the program, the company will repurchase 750,000 shares, representing 1% of the outstanding shares for ¥2,250 million. The purpose of the program is to strengthen shareholder returns, implement a agile capital policy in response to changes in the business environment and to enhance capital efficiency. The program will run until September 30, 2021. As of March 31, 2021, the company had 75,045,742 shares outstanding (excluding treasury stock) and 1,612,087 shares in treasury. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 29 June 2021. Trailing yield: 1.5%. Lower than top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.1%). Aankondiging • Mar 19
Amano Corporation to Report Fiscal Year 2021 Results on Apr 26, 2021 Amano Corporation announced that they will report fiscal year 2021 results on Apr 26, 2021 Is New 90 Day High Low • Mar 15
New 90-day high: JP¥2,710 The company is up 1.0% from a price of JP¥2,672 on 15 December 2020. Underperformed the Japanese market, which is up 9.0% over the last 90 days. Lagged the Electronic industry, which is up 4.0% over the same period. Simply Wall St's valuation model estimates the intrinsic value at JP¥3,046 per share. Reported Earnings • Feb 03
Third quarter 2021 earnings released: EPS JP¥26.09 (vs JP¥33.07 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥27.3b (down 11% from 3Q 2020). Net income: JP¥1.95b (down 21% from 3Q 2020). Profit margin: 7.1% (down from 8.0% in 3Q 2020). The decrease in margin was driven by lower revenue. 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. Analyst Estimate Surprise Post Earnings • Feb 03
Revenue beats expectations, earnings disappoint Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) missed analyst estimates by 6.2%. Over the next year, revenue is forecast to grow 2.6%, compared to a 7.1% growth forecast for the Electronic industry in Japan. Is New 90 Day High Low • Jan 04
New 90-day low: JP¥2,406 The company is down 6.0% from its price of JP¥2,559 on 06 October 2020. The Japanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥3,006 per share. Aankondiging • Dec 19
Amano Corporation to Report Q3, 2021 Results on Feb 01, 2021 Amano Corporation announced that they will report Q3, 2021 results on Feb 01, 2021 Is New 90 Day High Low • Dec 09
New 90-day high: JP¥2,633 The company is up 15% from its price of JP¥2,294 on 10 September 2020. The Japanese market is up 9.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Electronic industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥2,582 per share. Price Target Changed • Dec 01
Price target raised to JP¥2,783 Up from JP¥2,450, the current price target is an average from 4 analysts. The new target price is 12% above the current share price of JP¥2,486. As of last close, the stock is down 24% over the past year. Aankondiging • Sep 26
Amano Corporation to Report Q2, 2021 Results on Oct 28, 2020 Amano Corporation announced that they will report Q2, 2021 results on Oct 28, 2020