Upcoming Dividend • Jun 25
Upcoming dividend of JP¥9.00 per share Eligible shareholders must have bought the stock before 29 June 2026. Payment date: 11 September 2026. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.8%). Announcement • Jun 17
Ichikoh Industries, Ltd. to Report Q2, 2026 Results on Aug 07, 2026 Ichikoh Industries, Ltd. announced that they will report Q2, 2026 results on Aug 07, 2026 Board Change • May 21
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Outside Director François-Xavier Lienhart was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Feb 13
Ichikoh Industries, Ltd., Annual General Meeting, Mar 26, 2026 Ichikoh Industries, Ltd., Annual General Meeting, Mar 26, 2026. Announcement • Dec 20
Ichikoh Industries, Ltd. to Report Fiscal Year 2025 Results on Feb 13, 2026 Ichikoh Industries, Ltd. announced that they will report fiscal year 2025 results on Feb 13, 2026 Announcement • Sep 18
Ichikoh Industries, Ltd. to Report Q3, 2025 Results on Nov 14, 2025 Ichikoh Industries, Ltd. announced that they will report Q3, 2025 results at 9:00 AM, Tokyo Standard Time on Nov 14, 2025 Announcement • Jun 26
Ichikoh Industries, Ltd. to Report Q2, 2025 Results on Aug 08, 2025 Ichikoh Industries, Ltd. announced that they will report Q2, 2025 results on Aug 08, 2025 Announcement • Apr 08
Ichikoh Industries, Ltd. to Report Q1, 2025 Results on May 09, 2025 Ichikoh Industries, Ltd. announced that they will report Q1, 2025 results on May 09, 2025 Announcement • Feb 17
Ichikoh Industries, Ltd., Annual General Meeting, Mar 27, 2025 Ichikoh Industries, Ltd., Annual General Meeting, Mar 27, 2025. Announcement • Feb 15
Ichikoh Industries, Ltd. Proposes Year End Dividend for the Year Ended December 2024, Payable on March 28, 2025 and Provides Dividend Guidance for the Year Ending December 2025 Ichikoh Industries, Ltd. proposed year end dividend of JPY 6.5 per share for the year ended December 2024 and provided dividend guidance for the year ending December 2025. record date is December 31, 2024. Effective date is March 28, 2025. This matter is scheduled to be submitted to the Ordinary General Meeting of Shareholders to be held on March 27, 2025.
for the year ending December 2025, the company expects to pay annual dividend of JPY 14 per share an increase of JPY 1 per share from the JPY 13 per share a year ago. Announcement • Dec 18
Ichikoh Industries, Ltd. to Report Fiscal Year 2024 Results on Feb 14, 2025 Ichikoh Industries, Ltd. announced that they will report fiscal year 2024 results on Feb 14, 2025 Announcement • Sep 18
Ichikoh Industries, Ltd. to Report Q3, 2024 Results on Nov 13, 2024 Ichikoh Industries, Ltd. announced that they will report Q3, 2024 results on Nov 13, 2024 Declared Dividend • Aug 11
Dividend of JP¥6.50 announced Shareholders will receive a dividend of JP¥6.50. Ex-date: 27th December 2024 Payment date: 28th March 2025 Dividend yield will be 257%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is well covered by both earnings (16% earnings payout ratio) and cash flows (16% 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. The company's earnings per share (EPS) would need to decline by 82% to shift the payout ratio to a potentially unsustainable range, which is more than the 4.6% EPS decline seen over the last 5 years. Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €2.42, the stock trades at a trailing P/E ratio of 5.8x. Average forward P/E is 7x in the Auto Components industry in Germany. Total loss to shareholders of 25% over the past year. Announcement • Jun 22
Ichikoh Industries, Ltd. to Report Q2, 2024 Results on Aug 08, 2024 Ichikoh Industries, Ltd. announced that they will report Q2, 2024 results on Aug 08, 2024 Reported Earnings • May 16
First quarter 2024 earnings released: EPS: JP¥8.34 (vs JP¥22.91 in 1Q 2023) First quarter 2024 results: EPS: JP¥8.34 (down from JP¥22.91 in 1Q 2023). Revenue: JP¥30.6b (down 21% from 1Q 2023). Net income: JP¥802.0m (down 64% from 1Q 2023). Profit margin: 2.6% (down from 5.7% in 1Q 2023). Declared Dividend • Apr 11
Final dividend of JP¥6.50 announced Shareholders will receive a dividend of JP¥6.50. Ex-date: 27th June 2024 Payment date: 5th September 2024 Dividend yield will be 209%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is well covered by both earnings (13% earnings payout ratio) and cash flows (13% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to remain steady over the next year, which should provide adequate earnings cover for the dividend. Announcement • Mar 28
Usami Koyu Corp. agreed to acquire PIAA Corporation from Ichikoh Industries, Ltd. (TSE:7244) for ¥3.5 billion. Usami Koyu Corp. agreed to acquire PIAA Corporation from Ichikoh Industries, Ltd. (TSE:7244) for ¥3.5 billion on March 27, 2024. As of December 31, 2023, PIAA Corporation reported net assets of ¥2.2 billion, total assets of ¥6.9 billion, sales of ¥9.7 billion, operating income of ¥360 million, and net income of ¥260 million. Announcement • Mar 23
Ichikoh Industries, Ltd. to Report Q1, 2024 Results on May 13, 2024 Ichikoh Industries, Ltd. announced that they will report Q1, 2024 results on May 13, 2024 Announcement • Mar 05
Ichikoh Industries, Ltd., Annual General Meeting, Mar 27, 2024 Ichikoh Industries, Ltd., Annual General Meeting, Mar 27, 2024, at 10:00 Tokyo Standard Time. Location: 348 Tanaka, Isehara-shi, Kanagawa-ken Isehara Civic Culture Center, Small Hall on the 1st Floor Isehara Japan Agenda: To consider Business Report, the Consolidated Financial Statements and the Audit Results of the Consolidated Financial Statements for the 94th Fiscal Year (from January 1, 2023 to December 31, 2023) by the Accounting Auditor and the Board of Auditors; to Report of the Non-consolidated Financial Statements for the 94th Fiscal Year (from January 1, 2023 to December 31, 2023); to election of Nine (9) Directors; to election of Two (2) Corporate Auditors; to election of One (1) Substitute Corporate Auditor. Announcement • Feb 17
Ichikoh Industries, Ltd., Annual General Meeting, Mar 27, 2024 Ichikoh Industries, Ltd., Annual General Meeting, Mar 27, 2024. Reported Earnings • Feb 16
Full year 2023 earnings released: EPS: JP¥81.53 (vs JP¥46.02 in FY 2022) Full year 2023 results: EPS: JP¥81.53 (up from JP¥46.02 in FY 2022). Revenue: JP¥145.9b (up 7.7% from FY 2022). Net income: JP¥7.84b (up 77% from FY 2022). Profit margin: 5.4% (up from 3.3% in FY 2022). Announcement • Dec 24
Ichikoh Industries, Ltd. to Report Fiscal Year 2023 Results on Feb 14, 2024 Ichikoh Industries, Ltd. announced that they will report fiscal year 2023 results on Feb 14, 2024 Upcoming Dividend • Dec 21
Upcoming dividend of JP¥5.50 per share at 2.0% yield Eligible shareholders must have bought the stock before 28 December 2023. Payment date: 27 March 2024. Trailing yield: 2.0%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (2.3%). Reported Earnings • Nov 15
Third quarter 2023 earnings released: EPS: JP¥30.76 (vs JP¥9.86 in 3Q 2022) Third quarter 2023 results: EPS: JP¥30.76 (up from JP¥9.86 in 3Q 2022). Revenue: JP¥34.5b (down 3.0% from 3Q 2022). Net income: JP¥2.96b (up 212% from 3Q 2022). Profit margin: 8.6% (up from 2.7% in 3Q 2022). Revenue is expected to decline by 5.4% p.a. on average during the next 2 years, while revenues in the Auto Components industry in Germany are expected to grow by 5.0%. Announcement • Sep 23
Ichikoh Industries, Ltd. to Report Q3, 2023 Results on Nov 13, 2023 Ichikoh Industries, Ltd. announced that they will report Q3, 2023 results on Nov 13, 2023 Reported Earnings • Aug 08
Second quarter 2023 earnings released: EPS: JP¥3.32 (vs JP¥0.51 loss in 2Q 2022) Second quarter 2023 results: EPS: JP¥3.32 (up from JP¥0.51 loss in 2Q 2022). Revenue: JP¥37.0b (up 19% from 2Q 2022). Net income: JP¥319.0m (up JP¥368.0m from 2Q 2022). Profit margin: 0.9% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Revenue is expected to decline by 5.8% p.a. on average during the next 2 years, while revenues in the Auto Components industry in Germany are expected to grow by 5.4%. Announcement • Aug 02
SMR Automotive Mirrors UK Ltd. Completed the acquisition of Misato Industries Co. Ltd and Ichikoh (Wuxi) Automotive Parts Co., Ltd from Ichikoh Industries, Ltd. (TSE:7244). SMR Automotive Mirrors UK Ltd. entered into an agreement to acquire Misato Industries Co. Ltd and Ichikoh (Wuxi) Automotive Parts Co., Ltd from Ichikoh Industries, Ltd. (TSE:7244) on September 26, 2022. The enterprise value of JPY 5.2 billion is subject to customary closing adjustments for debt/debt-like items and working capital. In financial year 2021, Misato Industries and Ichikoh (Wuxi) Automotive reported revenue of JPY 15.8 and EBITDA of JPY 1.3 billion. Subject to receipt of necessary approvals, the deal is expected to close in May 2023. As of May 1, 2023, due to ongoing completion of condition precedents for the transaction, the Parties have mutually agreed to extend the closing and which is now expected to be completed within second quarter of the current financial year 2023-24. The transaction is expected to close on August 1, 2023. SMR Automotive Mirrors UK Ltd. Completed the acquisition of Misato Industries Co. Ltd and Ichikoh (Wuxi) Automotive Parts Co., Ltd from Ichikoh Industries, Ltd. (TSE:7244) on August 1, 2023. Announcement • Jun 24
Ichikoh Industries, Ltd. to Report Q2, 2023 Results on Aug 07, 2023 Ichikoh Industries, Ltd. announced that they will report Q2, 2023 results on Aug 07, 2023 Upcoming Dividend • Jun 22
Upcoming dividend of JP¥5.50 per share at 2.0% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 06 September 2023. Trailing yield: 2.0%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (2.5%). Reported Earnings • May 14
First quarter 2023 earnings released: EPS: JP¥22.91 (vs JP¥13.68 in 1Q 2022) First quarter 2023 results: EPS: JP¥22.91 (up from JP¥13.68 in 1Q 2022). Revenue: JP¥38.8b (up 22% from 1Q 2022). Net income: JP¥2.20b (up 68% from 1Q 2022). Profit margin: 5.7% (up from 4.1% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is expected to decline by 3.3% p.a. on average during the next 2 years, while revenues in the Auto Components industry in Germany are expected to grow by 5.8%. Announcement • Feb 15
Ichikoh Industries, Ltd., Annual General Meeting, Mar 24, 2023 Ichikoh Industries, Ltd., Annual General Meeting, Mar 24, 2023. Reported Earnings • Feb 14
Full year 2022 earnings released: EPS: JP¥46.02 (vs JP¥41.44 in FY 2021) Full year 2022 results: EPS: JP¥46.02 (up from JP¥41.44 in FY 2021). Revenue: JP¥135.5b (up 7.9% from FY 2021). Net income: JP¥4.42b (up 11% from FY 2021). Profit margin: 3.3% (up from 3.2% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 2 years compared to a 5.8% growth forecast for the Auto Components industry in Germany. Announcement • Dec 26
Ichikoh Industries, Ltd. to Report Fiscal Year 2022 Results on Feb 13, 2023 Ichikoh Industries, Ltd. announced that they will report fiscal year 2022 results on Feb 13, 2023 Upcoming Dividend • Dec 22
Upcoming dividend of JP¥4.50 per share Eligible shareholders must have bought the stock before 29 December 2022. Payment date: 28 March 2023. Payout ratio is a comfortable 4.1% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (3.3%). Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: JP¥9.86 (vs JP¥9.07 in 3Q 2021) Third quarter 2022 results: EPS: JP¥9.86 (up from JP¥9.07 in 3Q 2021). Revenue: JP¥35.5b (up 28% from 3Q 2021). Net income: JP¥948.0m (up 8.7% from 3Q 2021). Profit margin: 2.7% (down from 3.2% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 6.2% growth forecast for the Auto Components industry in Germany. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 7 non-independent directors. Independent Outside Director Jean-Jacques Lavigne was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Sep 27
SMR Automotive Mirrors UK Ltd. entered into an agreement to acquire Misato Industries Co. Ltd and Ichikoh (Wuxi) Automotive Parts Co., Ltd from Ichikoh Industries, Ltd. (TSE:7244). SMR Automotive Mirrors UK Ltd. entered into an agreement to acquire Misato Industries Co. Ltd and Ichikoh (Wuxi) Automotive Parts Co., Ltd from Ichikoh Industries, Ltd. (TSE:7244) on September 26, 2022. SMR Automotive Mirrors has entered into an agreement to buy 100% stake of its mirror business at an enterprise value of JPY 5.2 billion (subject to customary closing adjustments for debt/debt-like items and working capital).?In financial year 2021, Misato Industries and Ichikoh (Wuxi) Automotive reported revenue of JPY 15.8 and EBITDA of JPY 1.3 billion. Subject to receipt of necessary approvals, the deal is expected to close in May 2023. Announcement • Sep 23
Ichikoh Industries, Ltd. to Report Q3, 2022 Results on Nov 14, 2022 Ichikoh Industries, Ltd. announced that they will report Q3, 2022 results on Nov 14, 2022 Reported Earnings • Aug 09
Second quarter 2022 earnings released: JP¥0.51 loss per share (vs JP¥11.46 profit in 2Q 2021) Second quarter 2022 results: JP¥0.51 loss per share (down from JP¥11.46 profit in 2Q 2021). Revenue: JP¥31.1b (up 1.6% from 2Q 2021). Net loss: JP¥49.0m (down 104% from profit in 2Q 2021). Over the next year, revenue is forecast to grow 13%, compared to a 10% growth forecast for the industry in Germany. Announcement • Jul 01
Ichikoh Industries, Ltd. to Report Q2, 2022 Results on Aug 08, 2022 Ichikoh Industries, Ltd. announced that they will report Q2, 2022 results on Aug 08, 2022 Upcoming Dividend • Jun 22
Upcoming dividend of JP¥4.50 per share Eligible shareholders must have bought the stock before 29 June 2022. Payment date: 06 September 2022. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of German dividend payers (4.4%). Lower than average of industry peers (3.4%). Reported Earnings • May 15
First quarter 2022 earnings released: EPS: JP¥13.68 (vs JP¥19.73 in 1Q 2021) First quarter 2022 results: EPS: JP¥13.68 (down from JP¥19.73 in 1Q 2021). Revenue: JP¥31.8b (down 8.5% from 1Q 2021). Net income: JP¥1.32b (down 31% from 1Q 2021). Profit margin: 4.1% (down from 5.5% in 1Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 12%, compared to a 9.7% growth forecast for the industry in Germany. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 7 non-independent directors. Independent Outside Director Jean-Jacques Lavigne was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 08
Ichikoh Industries, Ltd. to Report Q1, 2022 Results on May 12, 2022 Ichikoh Industries, Ltd. announced that they will report Q1, 2022 results on May 12, 2022 Reported Earnings • Apr 02
Full year 2021 earnings released: EPS: JP¥41.44 (vs JP¥29.72 in FY 2020) Full year 2021 results: EPS: JP¥41.44 (up from JP¥29.72 in FY 2020). Revenue: JP¥125.5b (up 10% from FY 2020). Net income: JP¥3.98b (up 39% from FY 2020). Profit margin: 3.2% (up from 2.5% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 9.0%, compared to a 8.7% growth forecast for the industry in Germany. Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment deteriorated over the past week After last week's 17% share price decline to €3.04, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 8x in the Auto Components industry in Germany. Announcement • Feb 17
Ichikoh Industries, Ltd., Annual General Meeting, Mar 25, 2022 Ichikoh Industries, Ltd., Annual General Meeting, Mar 25, 2022. Reported Earnings • Feb 17
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: JP¥41.44 (up from JP¥29.72 in FY 2020). Revenue: JP¥125.5b (up 10% from FY 2020). Net income: JP¥3.98b (up 39% from FY 2020). Profit margin: 3.2% (up from 2.5% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.5%. Over the next year, revenue is forecast to grow 15% compared to a 2.8% decline forecast for the industry in Germany. Board Change • Dec 25
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 8 non-independent directors. Independent Outside Director Jean-Jacques Lavigne was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 
