Board Change • 18h
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Outside Director Mitsuyoshi Kobayashi was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • May 14
Seiren Co.,Ltd. (TSE:3569) announces an Equity Buyback for 2,000,000 shares, representing 3.4% for ¥6,000 million. Seiren Co.,Ltd. (TSE:3569) announces a share repurchase program. Under the program, the company will repurchase 2,000,000 shares, representing 3.4% of the outstanding shares for ¥6,000 million. The purpose of the program is to enhance shareholder returns and improve capital efficiency. The program will run until March 31, 2027. As of March 31, 2026, the company had 58,807,798 shares outstanding and 5,825,848 shares in treasury. Announcement • May 13
Seiren Co.,Ltd., Annual General Meeting, Jun 25, 2026 Seiren Co.,Ltd., Annual General Meeting, Jun 25, 2026. Announcement • Aug 04
Seiren Co.,Ltd. Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2026 Seiren Co.,Ltd. provided consolidated earnings guidance for the fiscal year ending March 31, 2026. For the year, the company expects net sales of JPY 160,000 million, operating profit of JPY 19,200 million, profit attributable to owners of the parent of JPY 14,300 million and basic earnings per share of JPY 243.38. Announcement • Jul 09
Seiren Co.,Ltd. to Report Q3, 2026 Results on Feb 09, 2026 Seiren Co.,Ltd. announced that they will report Q3, 2026 results on Feb 09, 2026 Announcement • May 15
Seiren Co.,Ltd., Annual General Meeting, Jun 24, 2025 Seiren Co.,Ltd., Annual General Meeting, Jun 24, 2025. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 29 November 2024. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (3.3%). Reported Earnings • Aug 12
First quarter 2025 earnings released: EPS: JP¥63.49 (vs JP¥58.26 in 1Q 2024) First quarter 2025 results: EPS: JP¥63.49 (up from JP¥58.26 in 1Q 2024). Revenue: JP¥38.7b (up 19% from 1Q 2024). Net income: JP¥3.51b (up 12% from 1Q 2024). Profit margin: 9.1% (in line with 1Q 2024). Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Auto Components industry in Germany. Announcement • Aug 09
Seiren Co.,Ltd. (TSE:3569) announces an Equity Buyback for 2,000,000 shares, representing 3.62% for ¥6,000 million. Seiren Co.,Ltd. (TSE:3569) announces a share repurchase program. Under the program, the company will repurchase 2,000,000 shares, representing 3.62% of the outstanding shares for ¥6,000 million. The purpose of the program is to enhance shareholder returns and improve capital efficiency. The program will run until March 31, 2025. As of June 30, 2024, the company had 55,306,679 shares outstanding and 9,326,967 shares in treasury. Declared Dividend • Jul 11
Final dividend of JP¥30.00 announced Shareholders will receive a dividend of JP¥30.00. Ex-date: 27th September 2024 Payment date: 29th November 2024 Dividend yield will be 229%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is well covered by both earnings (24% earnings payout ratio) and cash flows (36% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 22% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jun 26
Full year 2024 earnings released: EPS: JP¥227 (vs JP¥205 in FY 2023) Full year 2024 results: EPS: JP¥227 (up from JP¥205 in FY 2023). Revenue: JP¥141.9b (up 7.2% from FY 2023). Net income: JP¥12.2b (up 10% from FY 2023). Profit margin: 8.6% (up from 8.3% in FY 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 5.6% growth forecast for the Auto Components industry in Germany. New Risk • Jun 11
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.8% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company. Reported Earnings • May 16
Full year 2024 earnings released: EPS: JP¥227 (vs JP¥205 in FY 2023) Full year 2024 results: EPS: JP¥227 (up from JP¥205 in FY 2023). Revenue: JP¥141.9b (up 7.2% from FY 2023). Net income: JP¥12.2b (up 10% from FY 2023). Profit margin: 8.6% (up from 8.3% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Auto Components industry in Germany. Announcement • May 15
Seiren Co.,Ltd., Annual General Meeting, Jun 20, 2024 Seiren Co.,Ltd., Annual General Meeting, Jun 20, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥23.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 21 June 2024. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (2.9%). Announcement • Mar 02
Seiren Co.,Ltd. to Report Fiscal Year 2024 Results on May 13, 2024 Seiren Co.,Ltd. announced that they will report fiscal year 2024 results on May 13, 2024 Reported Earnings • Feb 11
Third quarter 2024 earnings released: EPS: JP¥55.28 (vs JP¥78.11 in 3Q 2023) Third quarter 2024 results: EPS: JP¥55.28 (down from JP¥78.11 in 3Q 2023). Revenue: JP¥37.2b (up 1.2% from 3Q 2023). Net income: JP¥2.96b (down 29% from 3Q 2023). Profit margin: 8.0% (down from 11% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Auto Components industry in Germany. Reported Earnings • Nov 09
Second quarter 2024 earnings released: EPS: JP¥49.12 (vs JP¥45.87 in 2Q 2023) Second quarter 2024 results: EPS: JP¥49.12 (up from JP¥45.87 in 2Q 2023). Revenue: JP¥34.2b (up 15% from 2Q 2023). Net income: JP¥2.64b (up 6.9% from 2Q 2023). Profit margin: 7.7% (down from 8.3% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Auto Components industry in Germany. Announcement • Nov 09
Seiren Co.,Ltd. (TSE:3569) announces an Equity Buyback for 1,200,000 shares, representing 2.24% for ¥3,000 million. Seiren Co.,Ltd. (TSE:3569) announces a share repurchase program. Under the program, the company will repurchase 1,200,000 shares, representing 2.24% of the outstanding shares for ¥3,000 million. The purpose of the program is to enhance capital efficiency, improve shareholder returns. The program will run until May 8, 2024. As of September 30, 2023, the company had 53,685,144 shares outstanding and 10,948,502 shares in treasury. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥23.00 per share at 2.1% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 30 November 2023. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (2.6%). Announcement • Aug 30
Seiren Co.,Ltd. to Report Q3, 2024 Results on Feb 08, 2024 Seiren Co.,Ltd. announced that they will report Q3, 2024 results on Feb 08, 2024 Reported Earnings • Aug 04
First quarter 2024 earnings released: EPS: JP¥58.26 (vs JP¥50.39 in 1Q 2023) First quarter 2024 results: EPS: JP¥58.26 (up from JP¥50.39 in 1Q 2023). Revenue: JP¥32.5b (up 5.2% from 1Q 2023). Net income: JP¥3.12b (up 15% from 1Q 2023). Profit margin: 9.6% (in line with 1Q 2023). Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Auto Components industry in Germany. Reported Earnings • Jun 25
Full year 2023 earnings released: EPS: JP¥205 (vs JP¥159 in FY 2022) Full year 2023 results: EPS: JP¥205 (up from JP¥159 in FY 2022). Revenue: JP¥132.4b (up 21% from FY 2022). Net income: JP¥11.0b (up 29% from FY 2022). Profit margin: 8.3% (up from 7.8% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Auto Components industry in Germany. Buying Opportunity • May 17
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 18%. The fair value is estimated to be €18.03, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.3% over the last 3 years. Earnings per share has grown by 18%. For the next 3 years, revenue is forecast to grow by 5.3% per annum. Earnings is also forecast to grow by 6.9% per annum over the same time period. Reported Earnings • May 16
Full year 2023 earnings released: EPS: JP¥205 (vs JP¥159 in FY 2022) Full year 2023 results: EPS: JP¥205 (up from JP¥159 in FY 2022). Revenue: JP¥132.4b (up 21% from FY 2022). Net income: JP¥11.0b (up 29% from FY 2022). Profit margin: 8.3% (up from 7.8% in FY 2022). 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 5.9% growth forecast for the Auto Components industry in Germany. Announcement • May 16
Seiren Co.,Ltd., Annual General Meeting, Jun 20, 2023 Seiren Co.,Ltd., Annual General Meeting, Jun 20, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥23.00 per share at 2.0% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 22 June 2023. Payout ratio is a comfortable 20% but the company is paying out more than the cash it is generating. Trailing yield: 2.0%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (2.5%). Reported Earnings • Feb 10
Third quarter 2023 earnings released: EPS: JP¥78.10 (vs JP¥38.47 in 3Q 2022) Third quarter 2023 results: EPS: JP¥78.10 (up from JP¥38.47 in 3Q 2022). Revenue: JP¥36.8b (up 36% from 3Q 2022). Net income: JP¥4.19b (up 103% from 3Q 2022). Profit margin: 11% (up from 7.7% in 3Q 2022). 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 5.7% growth forecast for the Auto Components industry in Germany. Buying Opportunity • Feb 02
Now 20% undervalued Over the last 90 days, the stock is up 2.5%. The fair value is estimated to be €20.49, however this is not to be taken as a buy 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 11%. Revenue is forecast to grow by 17% in 2 years. Earnings is forecast to grow by 26% in the next 2 years. Announcement • Jan 07
Seiren Co.,Ltd. to Report Q3, 2023 Results on Feb 08, 2023 Seiren Co.,Ltd. announced that they will report Q3, 2023 results on Feb 08, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: JP¥45.87 (vs JP¥37.99 in 2Q 2022) Second quarter 2023 results: EPS: JP¥45.87 (up from JP¥37.99 in 2Q 2022). Revenue: JP¥29.7b (up 16% from 2Q 2022). Net income: JP¥2.47b (up 21% from 2Q 2022). Profit margin: 8.3% (up from 7.9% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Luxury industry in Germany. Board Change • Nov 16
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 not an independent director. The company's board is composed of: 1 new director. 3 experienced directors. 8 highly experienced directors. 3 independent directors (9 non-independent directors). Independent Outside Director Kenichiro Sasae was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 12
Second quarter 2023 earnings released: EPS: JP¥45.87 (vs JP¥37.99 in 2Q 2022) Second quarter 2023 results: EPS: JP¥45.87 (up from JP¥37.99 in 2Q 2022). Revenue: JP¥29.7b (up 16% from 2Q 2022). Net income: JP¥2.47b (up 21% from 2Q 2022). Profit margin: 8.3% (up from 7.9% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Luxury industry in Germany. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 30 November 2022. Payout ratio is a comfortable 23% but the company is not cash flow positive. Trailing yield: 1.9%. Lower than top quartile of German dividend payers (5.1%). In line with average of industry peers (2.0%). Reported Earnings • Aug 05
First quarter 2023 earnings released: EPS: JP¥50.39 (vs JP¥45.86 in 1Q 2022) First quarter 2023 results: EPS: JP¥50.39 (up from JP¥45.86 in 1Q 2022). Revenue: JP¥30.9b (up 13% from 1Q 2022). Net income: JP¥2.71b (up 10.0% from 1Q 2022). Profit margin: 8.8% (down from 9.0% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 13%, compared to a 13% growth forecast for the industry in Germany. Announcement • Jul 28
Seiren Co.,Ltd. to Report Q2, 2023 Results on Nov 10, 2022 Seiren Co.,Ltd. announced that they will report Q2, 2023 results on Nov 10, 2022 Reported Earnings • Jun 26
Full year 2022 earnings released Full year 2022 results: Revenue: JP¥109.8b (up 11% from FY 2021). Net income: JP¥8.55b (up 37% from FY 2021). Profit margin: 7.8% (up from 6.3% in FY 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 15%, compared to a 14% growth forecast for the industry in Germany. Announcement • Jun 10
Seiren Co.,Ltd. to Report Q1, 2023 Results on Aug 04, 2022 Seiren Co.,Ltd. announced that they will report Q1, 2023 results on Aug 04, 2022 Reported Earnings • May 15
Full year 2022 earnings released: EPS: JP¥159 (vs JP¥114 in FY 2021) Full year 2022 results: EPS: JP¥159 (up from JP¥114 in FY 2021). Revenue: JP¥109.8b (up 11% from FY 2021). Net income: JP¥8.55b (up 37% from FY 2021). Profit margin: 7.8% (up from 6.3% in FY 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 15%, compared to a 14% growth forecast for the industry in Germany. Announcement • May 12
Seiren Co.,Ltd., Annual General Meeting, Jun 21, 2022 Seiren Co.,Ltd., Annual General Meeting, Jun 21, 2022. Board Change • Apr 28
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. 9 non-independent directors. Independent Outside Director Kenichiro Sasae was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 07
Seiren Co.,Ltd. to Report Fiscal Year 2022 Results on May 12, 2022 Seiren Co.,Ltd. announced that they will report fiscal year 2022 results on May 12, 2022 Reported Earnings • Feb 04
Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2022 results: EPS: JP¥38.46 (down from JP¥41.44 in 3Q 2021). Revenue: JP¥27.0b (down 1.6% from 3Q 2021). Net income: JP¥2.06b (down 9.4% from 3Q 2021). Profit margin: 7.7% (down from 8.3% in 3Q 2021). Revenue exceeded analyst estimates by 3.7%. Over the next year, revenue is forecast to grow 6.3%, compared to a 5.3% growth forecast for the industry in Germany. Reported Earnings • Nov 10
Second quarter 2022 earnings released: EPS JP¥37.99 (vs JP¥17.90 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥25.7b (up 15% from 2Q 2021). Net income: JP¥2.04b (up 105% from 2Q 2021). Profit margin: 7.9% (up from 4.4% in 2Q 2021). The increase in margin was driven by higher revenue. Reported Earnings • Nov 10
Second quarter 2022 earnings released: EPS JP¥37.99 (vs JP¥17.90 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥25.7b (up 15% from 2Q 2021). Net income: JP¥2.04b (up 105% from 2Q 2021). Profit margin: 7.9% (up from 4.4% in 2Q 2021). The increase in margin was driven by higher revenue. Board Change • Oct 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. 11 non-independent directors. Independent External Director Takao Kitabata was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 
