Buy Or Sell Opportunity • Jun 04
Now 20% undervalued Over the last 90 days, the stock has risen 6.2% to JP¥4,485. The fair value is estimated to be JP¥5,618, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.3% over the last 3 years. Earnings per share has declined by 17%. Buy Or Sell Opportunity • May 19
Now 20% undervalued Over the last 90 days, the stock has risen 3.1% to JP¥4,505. The fair value is estimated to be JP¥5,641, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.3% over the last 3 years. Earnings per share has declined by 17%. New Risk • May 15
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 18% 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 (18% operating cash flow to total debt). Earnings have declined by 0.6% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Aankondiging • May 13
Hakuto Co., Ltd., Annual General Meeting, Jun 24, 2026 Hakuto Co., Ltd., Annual General Meeting, Jun 24, 2026. New Risk • May 13
New major risk - Revenue and earnings growth Earnings have declined by 0.6% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.6% per year over the past 5 years. Minor Risks High level of debt (55% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Reported Earnings • May 13
Full year 2026 earnings released: EPS: JP¥266 (vs JP¥273 in FY 2025) Full year 2026 results: EPS: JP¥266 (down from JP¥273 in FY 2025). Revenue: JP¥181.2b (down 1.1% from FY 2025). Net income: JP¥5.01b (down 2.4% from FY 2025). Profit margin: 2.8% (in line with FY 2025). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Aankondiging • May 10
Hakuto Co., Ltd. to Report Fiscal Year 2026 Results on May 12, 2026 Hakuto Co., Ltd. announced that they will report fiscal year 2026 results on May 12, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥100.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 04 June 2026. Payout ratio is on the higher end at 85%, however this is supported by cash flows. Trailing yield: 4.8%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%). Aankondiging • Feb 06
Hakuto Co., Ltd. (TSE:7433) entered into an agreement to acquire 76% stake in Rabyte Pte. Ltd. from Batra Arjun and Sunil Dhar. Hakuto Co., Ltd. (TSE:7433) entered into an agreement to acquire 76% stake in Rabyte Pte. Ltd. from Batra Arjun and Sunil Dhar on February 5, 2026. Hakuto Co., Ltd. will acquire 1,140,000 shares in Rabyte Pte. Ltd.
For the period ending March 31, 2025, Rabyte Pte. Ltd. reported total revenue of SGD 152.72 million. As of March 31, 2025, Rabyte Pte. Ltd. reported total assets of SGD 87.82 million and total common equity of SGD 35.64 million.
The expected completion of the transaction in February 2026. Reported Earnings • Jan 30
Third quarter 2026 earnings released: EPS: JP¥118 (vs JP¥90.77 in 3Q 2025) Third quarter 2026 results: EPS: JP¥118 (up from JP¥90.77 in 3Q 2025). Revenue: JP¥52.3b (up 2.2% from 3Q 2025). Net income: JP¥2.23b (up 30% from 3Q 2025). Profit margin: 4.3% (up from 3.3% in 3Q 2025). Over the last 3 years on average, earnings per share has fallen by 20% 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 • Dec 27
Hakuto Co., Ltd. to Report Q3, 2026 Results on Jan 29, 2026 Hakuto Co., Ltd. announced that they will report Q3, 2026 results on Jan 29, 2026 Declared Dividend • Dec 06
First half dividend of JP¥100.00 announced Shareholders will receive a dividend of JP¥100.00. Ex-date: 30th March 2026 Payment date: 4th June 2026 Dividend yield will be 5.2%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is not adequately covered by earnings (95% earnings payout ratio). However, it is well covered by cash flows (28% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 5.4% to bring the payout ratio under control, which is less than the 30% EPS growth achieved over the last 5 years. Reported Earnings • Oct 31
Second quarter 2026 earnings released: EPS: JP¥71.65 (vs JP¥55.00 in 2Q 2025) Second quarter 2026 results: EPS: JP¥71.65 (up from JP¥55.00 in 2Q 2025). Revenue: JP¥43.4b (down 8.3% from 2Q 2025). Net income: JP¥1.35b (up 30% from 2Q 2025). Profit margin: 3.1% (up from 2.2% in 2Q 2025). The increase in margin was driven by lower expenses. 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 4% per year, which means it is well ahead of earnings. Aankondiging • Sep 27
Hakuto Co., Ltd. to Report Q2, 2026 Results on Oct 30, 2025 Hakuto Co., Ltd. announced that they will report Q2, 2026 results on Oct 30, 2025 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥100.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 08 December 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 4.9%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%). Reported Earnings • Aug 02
First quarter 2026 earnings released: EPS: JP¥35.02 (vs JP¥82.04 in 1Q 2025) First quarter 2026 results: EPS: JP¥35.02 (down from JP¥82.04 in 1Q 2025). Revenue: JP¥40.3b (down 4.8% from 1Q 2025). Net income: JP¥659.0m (down 57% from 1Q 2025). Profit margin: 1.6% (down from 3.6% in 1Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. New Risk • Aug 02
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: 2.3% Last year net profit margin: 3.7% 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: Minor Risks Dividend is not well covered by earnings (115% payout ratio). Profit margins are more than 30% lower than last year (2.3% net profit margin). Declared Dividend • Jul 09
Final dividend of JP¥100.00 announced Shareholders will receive a dividend of JP¥100.00. Ex-date: 29th September 2025 Payment date: 8th December 2025 Dividend yield will be 6.2%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is not adequately covered by earnings (93% earnings payout ratio). However, it is well covered by cash flows (39% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 3.5% to bring the payout ratio under control, which is less than the 31% EPS growth achieved over the last 5 years. Aankondiging • Jul 02
Hakuto Co., Ltd. to Report Q1, 2026 Results on Jul 31, 2025 Hakuto Co., Ltd. announced that they will report Q1, 2026 results on Jul 31, 2025 Reported Earnings • Jun 29
Full year 2025 earnings released: EPS: JP¥273 (vs JP¥276 in FY 2024) Full year 2025 results: EPS: JP¥273 (down from JP¥276 in FY 2024). Revenue: JP¥183.1b (flat on FY 2024). Net income: JP¥5.13b (flat on FY 2024). Profit margin: 2.8% (in line with FY 2024). 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 01
Full year 2025 earnings released: EPS: JP¥273 (vs JP¥276 in FY 2024) Full year 2025 results: EPS: JP¥273 (down from JP¥276 in FY 2024). Revenue: JP¥183.1b (flat on FY 2024). Net income: JP¥5.13b (flat on FY 2024). Profit margin: 2.8% (in line with FY 2024). 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. Aankondiging • Apr 30
Hakuto Co., Ltd., Annual General Meeting, Jun 25, 2025 Hakuto Co., Ltd., Annual General Meeting, Jun 25, 2025. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥3,435, the stock trades at a trailing P/E ratio of 11.8x. Average trailing P/E is 11x in the Electronic industry in Japan. Total returns to shareholders of 80% over the past three years. Aankondiging • Mar 25
Hakuto Co., Ltd. to Report Fiscal Year 2025 Results on Apr 30, 2025 Hakuto Co., Ltd. announced that they will report fiscal year 2025 results on Apr 30, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥130 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 04 June 2025. Payout ratio is on the higher end at 93%, and the cash payout ratio is above 100%. Trailing yield: 5.8%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.7%). Reported Earnings • Jan 31
Third quarter 2025 earnings released: EPS: JP¥90.77 (vs JP¥52.79 in 3Q 2024) Third quarter 2025 results: EPS: JP¥90.77 (up from JP¥52.79 in 3Q 2024). Revenue: JP¥51.1b (up 8.4% from 3Q 2024). Net income: JP¥1.71b (up 73% from 3Q 2024). Profit margin: 3.3% (up from 2.1% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings. Aankondiging • Jan 03
Hakuto Co., Ltd. to Report Q3, 2025 Results on Jan 30, 2025 Hakuto Co., Ltd. announced that they will report Q3, 2025 results on Jan 30, 2025 Declared Dividend • Dec 07
First half dividend of JP¥130 announced Shareholders will receive a dividend of JP¥130. Ex-date: 28th March 2025 Payment date: 4th June 2025 Dividend yield will be 6.1%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (56% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 22% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 18% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 02
Second quarter 2025 earnings released: EPS: JP¥55.00 (vs JP¥161 in 2Q 2024) Second quarter 2025 results: EPS: JP¥55.00 (down from JP¥161 in 2Q 2024). Revenue: JP¥47.4b (down 2.2% from 2Q 2024). Net income: JP¥1.04b (down 66% from 2Q 2024). Profit margin: 2.2% (down from 6.2% in 2Q 2024). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Sep 27
Hakuto Co., Ltd. to Report Q2, 2025 Results on Oct 31, 2024 Hakuto Co., Ltd. announced that they will report Q2, 2025 results on Oct 31, 2024 Upcoming Dividend • Sep 20
Upcoming dividend of JP¥130 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 06 December 2024. Payout ratio is on the higher end at 78% but the company is not cash flow positive. Trailing yield: 5.5%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.5%). Buy Or Sell Opportunity • Aug 24
Now 20% overvalued Over the last 90 days, the stock has fallen 1.2% to JP¥5,070. The fair value is estimated to be JP¥4,225, 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 grown by 12%. Reported Earnings • Aug 02
First quarter 2025 earnings released: EPS: JP¥82.04 (vs JP¥0.32 in 1Q 2024) First quarter 2025 results: EPS: JP¥82.04 (up from JP¥0.32 in 1Q 2024). Revenue: JP¥42.4b (down 5.4% from 1Q 2024). Net income: JP¥1.54b (up JP¥1.54b from 1Q 2024). Profit margin: 3.6% (up from 0% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Jul 11
Final dividend of JP¥130 announced Shareholders will receive a dividend of JP¥130. Ex-date: 27th September 2024 Payment date: 6th December 2024 Dividend yield will be 5.2%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is not covered by earnings (103% earnings payout ratio). However, it is covered by cash flows (64% cash payout ratio). The dividend has increased by an average of 22% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 14% to bring the payout ratio under control, which is less than the 18% EPS growth achieved over the last 5 years. Aankondiging • Jun 28
Hakuto Co., Ltd. to Report Q1, 2025 Results on Jul 31, 2024 Hakuto Co., Ltd. announced that they will report Q1, 2025 results on Jul 31, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥140 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 06 June 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 4.7%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.4%). Aankondiging • Mar 02
Hakuto Co., Ltd. to Report Fiscal Year 2024 Results on Apr 30, 2024 Hakuto Co., Ltd. announced that they will report fiscal year 2024 results on Apr 30, 2024 Reported Earnings • Feb 02
Third quarter 2024 earnings released: EPS: JP¥52.79 (vs JP¥123 in 3Q 2023) Third quarter 2024 results: EPS: JP¥52.79 (down from JP¥123 in 3Q 2023). Revenue: JP¥47.2b (down 22% from 3Q 2023). Net income: JP¥989.0m (down 57% from 3Q 2023). Profit margin: 2.1% (down from 3.9% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 66% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Dec 20
Hakuto Co., Ltd. to Report Q3, 2024 Results on Jan 31, 2024 Hakuto Co., Ltd. announced that they will report Q3, 2024 results on Jan 31, 2024 Reported Earnings • Nov 02
Second quarter 2024 earnings released: EPS: JP¥161 (vs JP¥123 in 2Q 2023) Second quarter 2024 results: EPS: JP¥161 (up from JP¥123 in 2Q 2023). Revenue: JP¥48.4b (down 18% from 2Q 2023). Net income: JP¥3.01b (up 29% from 2Q 2023). Profit margin: 6.2% (up from 4.0% in 2Q 2023). 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 increased by 65% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Sep 28
Hakuto Co., Ltd. to Report Q2, 2024 Results on Oct 31, 2023 Hakuto Co., Ltd. announced that they will report Q2, 2024 results on Oct 31, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of JP¥140 per share at 5.1% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 06 December 2023. Payout ratio is on the higher end at 86%, however this is supported by cash flows. Trailing yield: 5.1%. Within top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.4%). New Risk • Aug 02
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 5.5% 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 Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.5% average weekly change). Reported Earnings • Aug 01
First quarter 2024 earnings released: EPS: JP¥0.32 (vs JP¥146 in 1Q 2023) First quarter 2024 results: EPS: JP¥0.32 (down from JP¥146 in 1Q 2023). Revenue: JP¥44.8b (down 20% from 1Q 2023). Net income: JP¥6.00m (down 100% from 1Q 2023). Profit margin: 0% (down from 5.0% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has increased by 69% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Jun 28
Hakuto Co., Ltd. to Report Q1, 2024 Results on Jul 31, 2023 Hakuto Co., Ltd. announced that they will report Q1, 2024 results on Jul 31, 2023 Reported Earnings • Apr 29
Full year 2023 earnings released: EPS: JP¥470 (vs JP¥248 in FY 2022) Full year 2023 results: EPS: JP¥470 (up from JP¥248 in FY 2022). Revenue: JP¥233.6b (up 22% from FY 2022). Net income: JP¥8.93b (up 80% from FY 2022). Profit margin: 3.8% (up from 2.6% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 61% per year whereas the company’s share price has increased by 65% per year. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥130 per share at 5.5% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 05 June 2023. Payout ratio is a comfortable 52% but the company is not cash flow positive. Trailing yield: 5.5%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%). Reported Earnings • Feb 01
Third quarter 2023 earnings released: EPS: JP¥123 (vs JP¥71.04 in 3Q 2022) Third quarter 2023 results: EPS: JP¥123 (up from JP¥71.04 in 3Q 2022). Revenue: JP¥60.3b (up 26% from 3Q 2022). Net income: JP¥2.33b (up 67% from 3Q 2022). Profit margin: 3.9% (up from 2.9% in 3Q 2022). The increase in margin was driven by higher revenue. 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 53% per year, which means it is significantly lagging earnings growth. Aankondiging • Dec 26
Hakuto Co., Ltd. to Report Q3, 2023 Results on Jan 31, 2023 Hakuto Co., Ltd. announced that they will report Q3, 2023 results on Jan 31, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: JP¥123 (vs JP¥67.72 in 2Q 2022) Second quarter 2023 results: EPS: JP¥123 (up from JP¥67.72 in 2Q 2022). Revenue: JP¥59.0b (up 26% from 2Q 2022). Net income: JP¥2.33b (up 70% from 2Q 2022). Profit margin: 4.0% (up from 2.9% 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 54% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 02
Second quarter 2023 earnings released: EPS: JP¥123 (vs JP¥67.72 in 2Q 2022) Second quarter 2023 results: EPS: JP¥123 (up from JP¥67.72 in 2Q 2022). Revenue: JP¥59.0b (up 26% from 2Q 2022). Net income: JP¥2.33b (up 70% from 2Q 2022). Profit margin: 4.0% (up from 2.9% 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 54% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth. Aankondiging • Nov 01
Hakuto Co., Ltd. (TSE:7433) announces an Equity Buyback for 2.62% of its issued share capital, for ¥1,500 million. Hakuto Co., Ltd. (TSE:7433) announces a share repurchase program. Under the program, the company will repurchase up to 2.62% of its share capital, for ¥1,500 million. Aankondiging • Sep 24
Hakuto Co., Ltd. to Report Q2, 2023 Results on Oct 31, 2022 Hakuto Co., Ltd. announced that they will report Q2, 2023 results on Oct 31, 2022 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥80.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 06 December 2022. Payout ratio is a comfortable 50% but the company is not cash flow positive. Trailing yield: 4.6%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.6%). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment improved over the past week After last week's 19% share price gain to JP¥3,055, the stock trades at a trailing P/E ratio of 9.2x. Average trailing P/E is 11x in the Electronic industry in Japan. Total returns to shareholders of 229% over the past three years. Reported Earnings • Jul 31
First quarter 2023 earnings released: EPS: JP¥146 (vs JP¥72.24 in 1Q 2022) First quarter 2023 results: EPS: JP¥146 (up from JP¥72.24 in 1Q 2022). Revenue: JP¥55.8b (up 25% from 1Q 2022). Net income: JP¥2.81b (up 90% from 1Q 2022). Profit margin: 5.0% (up from 3.3% in 1Q 2022). The increase in margin was driven by higher revenue. 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 30% per year, which means it is significantly lagging earnings growth. Aankondiging • Jul 03
Hakuto Co., Ltd. to Report Q1, 2023 Results on Jul 29, 2022 Hakuto Co., Ltd. announced that they will report Q1, 2023 results on Jul 29, 2022 Valuation Update With 7 Day Price Move • May 06
Investor sentiment improved over the past week After last week's 23% share price gain to JP¥2,838, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 12x in the Electronic industry in Japan. Total returns to shareholders of 190% over the past three years. Aankondiging • May 02
Hakuto Co., Ltd., Annual General Meeting, Jun 24, 2022 Hakuto Co., Ltd., Annual General Meeting, Jun 24, 2022. Reported Earnings • Apr 30
Full year 2022 earnings released: EPS: JP¥248 (vs JP¥149 in FY 2021) Full year 2022 results: EPS: JP¥248 (up from JP¥149 in FY 2021). Revenue: JP¥191.5b (up 16% from FY 2021). Net income: JP¥4.97b (up 62% from FY 2021). Profit margin: 2.6% (up from 1.9% 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 39% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Aankondiging • Apr 08
Hakuto Co., Ltd. to Report Fiscal Year 2022 Results on Apr 28, 2022 Hakuto Co., Ltd. announced that they will report fiscal year 2022 results on Apr 28, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥60.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 09 June 2022. Payout ratio is a comfortable 32% but the company is paying out more than the cash it is generating. Trailing yield: 4.7%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.3%). Reported Earnings • Feb 02
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥71.04 (up from JP¥42.21 in 3Q 2021). Revenue: JP¥48.0b (up 3.5% from 3Q 2021). Net income: JP¥1.40b (up 61% from 3Q 2021). Profit margin: 2.9% (up from 1.9% 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 33% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Reported Earnings • Oct 31
Second quarter 2022 earnings released: EPS JP¥67.72 (vs JP¥13.50 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥46.8b (up 17% from 2Q 2021). Net income: JP¥1.37b (up 393% from 2Q 2021). Profit margin: 2.9% (up from 0.7% 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 16% per year whereas the company’s share price has increased by 13% per year. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 07 December 2021. Trailing yield: 3.1%. Within top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (1.0%). Reported Earnings • Aug 13
First quarter 2022 earnings released: EPS JP¥72.24 (vs JP¥35.81 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥44.6b (up 25% from 1Q 2021). Net income: JP¥1.48b (up 101% from 1Q 2021). Profit margin: 3.3% (up from 2.1% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Reported Earnings • Jun 30
Full year 2021 earnings released: EPS JP¥149 (vs JP¥70.01 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥165.4b (up 8.0% from FY 2020). Net income: JP¥3.06b (up 113% from FY 2020). Profit margin: 1.9% (up from 0.9% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • May 07
Investor sentiment improved over the past week After last week's 25% share price gain to JP¥1,565, the stock trades at a trailing P/E ratio of 10.5x. Average trailing P/E is 17x in the Electronic industry in Japan. Total loss to shareholders of 5.1% over the past three years. Reported Earnings • May 02
Full year 2021 earnings released: EPS JP¥149 (vs JP¥70.01 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥165.4b (up 8.0% from FY 2020). Net income: JP¥3.06b (up 113% from FY 2020). Profit margin: 1.9% (up from 0.9% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 18% per year whereas the company’s share price has fallen by 13% per year. Aankondiging • May 01
Hakuto Co., Ltd. (TSE:7433) announces an Equity Buyback for 1,500,000 shares, representing 7.29% for ¥1,800 million. Hakuto Co., Ltd. (TSE:7433) announces a share repurchase program. Under the program, the company will repurchase 1,500,000 shares, representing 7.29% of the outstanding shares for ¥1,800 million. The company will acquire treasury stock in order to strengthen shareholder returns, improve capital efficiency, and implement agile capital policies. The program will run through April 30, 2022. As of March 31, 2021, the company had 20,588,811 shares outstanding and 3,548,402 shares in treasury. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 10 June 2021. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.1%). Is New 90 Day High Low • Mar 16
New 90-day high: JP¥1,345 The company is up 23% from a price of JP¥1,090 on 16 December 2020. Outperformed the Japanese market which is up 10.0% over the last 90 days. Exceeded the Electronic industry, which is up 5.0% over the same period. Reported Earnings • Feb 02
Third quarter 2021 earnings released: EPS JP¥42.21 (vs JP¥31.04 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥46.4b (up 12% from 3Q 2020). Net income: JP¥869.0m (up 36% from 3Q 2020). Profit margin: 1.9% (up from 1.5% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 01
New 90-day high: JP¥1,296 The company is up 18% from its price of JP¥1,100 on 02 November 2020. The Japanese market is up 12% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Electronic industry, which is up 22% over the same period. Is New 90 Day High Low • Jan 13
New 90-day high: JP¥1,180 The company is up 1.0% from its price of JP¥1,165 on 15 October 2020. The Japanese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 21% over the same period. Aankondiging • Dec 31
Hakuto Co., Ltd. to Report Q3, 2021 Results on Jan 29, 2021 Hakuto Co., Ltd. announced that they will report Q3, 2021 results on Jan 29, 2021 Aankondiging • Jun 28
Hakuto Co., Ltd. to Report Q1, 2021 Results on Jul 31, 2020 Hakuto Co., Ltd. announced that they will report Q1, 2021 results on Jul 31, 2020