Reported Earnings • Aug 06
First quarter 2027 earnings released: EPS: JP¥75.34 (vs JP¥65.10 in 1Q 2026) First quarter 2027 results: EPS: JP¥75.34 (up from JP¥65.10 in 1Q 2026). Revenue: JP¥141.7b (up 7.5% from 1Q 2026). Net income: JP¥7.56b (up 16% from 1Q 2026). Profit margin: 5.3% (up from 5.0% in 1Q 2026). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, while revenues in the Auto Components industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 19% per year. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to €32.40, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 12x in the Auto Components industry in Germany. Total returns to shareholders of 104% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €23.22 per share. Buy Or Sell Opportunity • Jul 31
Now 25% overvalued Over the last 90 days, the stock has fallen 14% to €28.80. The fair value is estimated to be €23.04, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.6% over the last 3 years. Earnings per share has grown by 18%. For the next 3 years, revenue is forecast to grow by 5.7% per annum. Earnings are also forecast to grow by 6.4% per annum over the same time period. Declared Dividend • Jul 26
Final dividend of JP¥30.00 announced Shareholders will receive a dividend of JP¥30.00. Ex-date: 29th September 2026 Payment date: 1st December 2026 Dividend yield will be 100%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is covered by earnings (22% 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 7.0% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 20% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • Jul 17
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 German stocks, typically moving 8.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.1% average weekly change). Announcement • Jun 27
GS Yuasa Corporation to Report Q1, 2027 Results on Aug 05, 2026 GS Yuasa Corporation announced that they will report Q1, 2027 results on Aug 05, 2026 Valuation Update With 7 Day Price Move • Jun 03
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €39.40, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 12x in the Auto Components industry in Germany. Total returns to shareholders of 155% over the past three years. Board Change • May 20
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 6 new directors. 4 experienced directors. 1 highly experienced director. 3 independent directors (4 non-independent directors). Chairman Osamu Murao is the most experienced director on the board, commencing their role in 2012. Independent Outside Director Mitsugu Yamaguchi was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • May 13
GS Yuasa Corporation, Annual General Meeting, Jun 26, 2026 GS Yuasa Corporation, Annual General Meeting, Jun 26, 2026. Announcement • Apr 02
GS Yuasa Corporation(TSE:6674) dropped from Nikkei 225 Index GS Yuasa Corporation removed Announcement • Feb 06
GS Yuasa Corporation to Report Fiscal Year 2026 Results on May 13, 2026 GS Yuasa Corporation announced that they will report fiscal year 2026 results at 3:00 PM, Tokyo Standard Time on May 13, 2026 Announcement • Dec 09
GS Yuasa Corporation to Report Nine Months, 2026 Results on Feb 04, 2026 GS Yuasa Corporation announced that they will report nine months, 2026 results on Feb 04, 2026 Announcement • Sep 06
GS Yuasa Corporation to Report Q2, 2026 Results on Nov 06, 2025 GS Yuasa Corporation announced that they will report Q2, 2026 results on Nov 06, 2025 Announcement • Jun 27
GS Yuasa Corporation to Report Q1, 2026 Results on Aug 05, 2025 GS Yuasa Corporation announced that they will report Q1, 2026 results on Aug 05, 2025 Announcement • Mar 17
GS Yuasa Corporation to Report Fiscal Year 2025 Results on May 13, 2025 GS Yuasa Corporation announced that they will report fiscal year 2025 results at 3:00 PM, Tokyo Standard Time on May 13, 2025 Announcement • Dec 03
GS Yuasa Corporation to Report Nine Months, 2025 Results on Feb 05, 2025 GS Yuasa Corporation announced that they will report nine months, 2025 results on Feb 05, 2025 Reported Earnings • Nov 08
Second quarter 2025 earnings released: EPS: JP¥46.10 (vs JP¥53.56 in 2Q 2024) Second quarter 2025 results: EPS: JP¥46.10. Revenue: JP¥136.9b (flat on 2Q 2024). Net income: JP¥4.62b (up 7.3% from 2Q 2024). Profit margin: 3.4% (up from 3.2% in 2Q 2024). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Electrical industry in Germany. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (1.7%). Announcement • Aug 28
GS Yuasa Corporation to Report Q2, 2025 Results on Nov 06, 2024 GS Yuasa Corporation announced that they will report Q2, 2025 results on Nov 06, 2024 Reported Earnings • Aug 07
First quarter 2025 earnings released: EPS: JP¥47.71 (vs JP¥20.50 in 1Q 2024) First quarter 2025 results: EPS: JP¥47.71 (up from JP¥20.50 in 1Q 2024). Revenue: JP¥127.6b (up 5.8% from 1Q 2024). Net income: JP¥4.79b (up 190% from 1Q 2024). Profit margin: 3.8% (up from 1.4% in 1Q 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 7.6% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. 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 €13.01, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 19x in the Electrical industry in Germany. Total loss to shareholders of 28% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €8.28 per share. Declared Dividend • Jul 11
Final dividend of JP¥20.00 announced Shareholders will receive a dividend of JP¥20.00. Ex-date: 27th September 2024 Payment date: 2nd December 2024 Dividend yield will be 123%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is well covered by both earnings (19% earnings payout ratio) and cash flows (29% cash payout ratio). The dividend has increased by an average of 5.8% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 24% over the next 3 years. However, it would need to fall by 79% to increase the payout ratio to a potentially unsustainable range. Announcement • Jul 09
GS Yuasa Corporation Revises Consolidated Earnings Guidance for the Fiscal Year 2025 GS Yuasa Corporation revised consolidated earnings guidance for the fiscal year 2025. For the year, the company expects revised net sales of JPY 600.0 billion or more and operating income of JPY 46.0 billion or more compared to previously expected net sales of JPY 610.0 billion or more and operating income of JPY 41.0 billion or more. Announcement • Jun 19
GS Yuasa Corporation to Report Q1, 2025 Results on Aug 05, 2024 GS Yuasa Corporation announced that they will report Q1, 2025 results at 3:00 PM, Tokyo Standard Time on Aug 05, 2024 Reported Earnings • May 13
Full year 2024 earnings released: EPS: JP¥370 (vs JP¥173 in FY 2023) Full year 2024 results: EPS: JP¥370 (up from JP¥173 in FY 2023). Revenue: JP¥562.9b (up 8.7% from FY 2023). Net income: JP¥32.1b (up 130% from FY 2023). Profit margin: 5.7% (up from 2.7% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • May 12
GS Yuasa Corporation Announces Change of Osamu Murao from Representative Director, President to Representative Director, Chairman, Effective June 27, 2024 GS Yuasa Corporation announced change of representative director, effective June 27, 2024. Outgoing representative director: Osamu Murao: Current title- Representative Director, President. New title- Representative Director, Chairman. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥45.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of German dividend payers (4.9%). In line with average of industry peers (1.9%). Announcement • Mar 01
GS Yuasa Corporation, Annual General Meeting, Jun 27, 2024 GS Yuasa Corporation, Annual General Meeting, Jun 27, 2024. Announcement • Feb 29
GS Yuasa Corporation to Report Fiscal Year 2024 Results on May 10, 2024 GS Yuasa Corporation announced that they will report fiscal year 2024 results at 3:00 PM, Tokyo Standard Time on May 10, 2024 Reported Earnings • Feb 08
Third quarter 2024 earnings released: EPS: JP¥137 (vs JP¥76.27 in 3Q 2023) Third quarter 2024 results: EPS: JP¥137 (up from JP¥76.27 in 3Q 2023). Revenue: JP¥154.8b (up 11% from 3Q 2023). Net income: JP¥11.8b (up 92% from 3Q 2023). Profit margin: 7.6% (up from 4.4% in 3Q 2023). 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 8.1% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Feb 08
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to €15.90, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 11x in the Electrical industry in Germany. Total loss to shareholders of 37% over the past three years. Announcement • Feb 07
GS Yuasa Corporation Provides Dividend Guidance for the Full Year of the Fiscal Ending March 31, 2024 GS Yuasa Corporation provided dividend guidance for the fiscal year ending March 31, 2024. For the period, the company expects to pay dividend of JPY 45.00 per share against a dividend of JPY 35.00 per share paid a year ago. Announcement • Feb 06
GS Yuasa Corporation Revises Consolidated Earnings Guidance for the Year Ending March 31, 2024 GS Yuasa Corporation revised consolidated earnings guidance for the year ending March 31, 2024. For the period, the company now expects net sales of JPY 560,000 million, operating profit of JPY 42,000 million, profit attributable to owners of parent of JPY 21,000 million and basic earnings per share of JPY 242.16 compared to previous guidance of net sales of JPY 560,000 million, operating profit of JPY 37,000 million, profit attributable to owners of parent of JPY 16,000 million and basic earnings per share of JPY 198.87. New Risk • Dec 07
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 22% 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. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (22% increase in shares outstanding). Announcement • Nov 29
GS Yuasa Corporation to Report Nine Months, 2024 Results on Feb 06, 2024 GS Yuasa Corporation announced that they will report nine months, 2024 results on Feb 06, 2024 Announcement • Nov 22
GS Yuasa Corporation has filed a Follow-on Equity Offering. GS Yuasa Corporation has filed a Follow-on Equity Offering.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 15,219,400 Announcement • Nov 21
GS Yuasa Corporation announced that it expects to receive ¥47.2 billion in funding from Honda Motor Co., Ltd. GS Yuasa Corporation announced a private placement of common shares for the gross proceeds of ¥47,200,000,000 on November 20, 2023. The transaction will include participation from new investor Honda Motor Co., Ltd. Reported Earnings • Nov 08
Second quarter 2024 earnings released: EPS: JP¥53.56 (vs JP¥13.69 in 2Q 2023) Second quarter 2024 results: EPS: JP¥53.56 (up from JP¥13.69 in 2Q 2023). Revenue: JP¥136.3b (up 10% from 2Q 2023). Net income: JP¥4.31b (up 291% from 2Q 2023). Profit margin: 3.2% (up from 0.9% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥15.00 per share at 1.8% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 01 December 2023. Payout ratio is a comfortable 27% but the company is not cash flow positive. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (2.1%). Announcement • Sep 02
GS Yuasa Corporation to Report Q2, 2024 Results on Nov 07, 2023 GS Yuasa Corporation announced that they will report Q2, 2024 results on Nov 07, 2023 Reported Earnings • Aug 04
First quarter 2024 earnings released: EPS: JP¥20.50 (vs JP¥7.61 in 1Q 2023) First quarter 2024 results: EPS: JP¥20.50 (up from JP¥7.61 in 1Q 2023). Revenue: JP¥120.5b (up 8.2% from 1Q 2023). Net income: JP¥1.65b (up 169% from 1Q 2023). Profit margin: 1.4% (up from 0.5% in 1Q 2023). 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 8.3% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jun 07
GS Yuasa Corporation to Report Q1, 2024 Results on Aug 03, 2023 GS Yuasa Corporation announced that they will report Q1, 2024 results on Aug 03, 2023 Reported Earnings • May 14
Full year 2023 earnings released: EPS: JP¥173 (vs JP¥105 in FY 2022) Full year 2023 results: EPS: JP¥173 (up from JP¥105 in FY 2022). Revenue: JP¥517.7b (up 20% from FY 2022). Net income: JP¥13.9b (up 64% from FY 2022). Profit margin: 2.7% (up from 2.0% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥35.00 per share at 2.2% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 31% but the company is not cash flow positive. Trailing yield: 2.2%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (1.1%). Announcement • Feb 11
GS Yuasa Corporation Provides Consolidated Earnings Guidance for the Year Ending March 31, 2023 GS Yuasa Corporation provided consolidated earnings guidance for the year ending March 31, 2023. For the year, the company expects net sales to be JPY 520,000 million, operating profit to be JPY 28,000 million, profit attributable to owners of parent 12,000 million and basic earnings per share JPY 149.17. Announcement • Feb 10
GS Yuasa Corporation Provides Dividend Guidance for the Year Ending March 31, 2023 GS Yuasa Corporation provided dividend guidance for the year ending March 31, 2023. For the year, the company expects dividend of JPY 35.00 per share against JPY 35.00 per share a year ago. Reported Earnings • Feb 08
Third quarter 2023 earnings released: EPS: JP¥76.27 (vs JP¥14.19 in 3Q 2022) Third quarter 2023 results: EPS: JP¥76.27 (up from JP¥14.19 in 3Q 2022). Revenue: JP¥139.7b (up 18% from 3Q 2022). Net income: JP¥6.14b (up 438% from 3Q 2022). Profit margin: 4.4% (up from 1.0% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 5% per year. Announcement • Dec 10
GS Yuasa Corporation to Report Q3, 2023 Results on Feb 07, 2023 GS Yuasa Corporation announced that they will report Q3, 2023 results on Feb 07, 2023 Board Change • Nov 16
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 6 new directors. 4 experienced directors. 1 highly experienced director. 3 independent directors (4 non-independent directors). CEO, President & Representative Director Osamu Murao is the most experienced director on the board, commencing their role in 2012. Independent Outside Director Yoshiko Nonogaki was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Nov 10
Second quarter 2023 earnings released: EPS: JP¥13.69 (vs JP¥5.89 loss in 2Q 2022) Second quarter 2023 results: EPS: JP¥13.69 (up from JP¥5.89 loss in 2Q 2022). Revenue: JP¥123.8b (up 24% from 2Q 2022). Net income: JP¥1.10b (up JP¥1.58b 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 forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 01 December 2022. Payout ratio is a comfortable 63% but the company is not cash flow positive. Trailing yield: 2.1%. Lower than top quartile of German dividend payers (5.1%). Higher than average of industry peers (1.3%). Announcement • Sep 11
GS Yuasa Corporation to Report Q2, 2023 Results on Nov 08, 2022 GS Yuasa Corporation announced that they will report Q2, 2023 results on Nov 08, 2022 Reported Earnings • Aug 04
First quarter 2023 earnings released: EPS: JP¥7.61 (vs JP¥33.27 in 1Q 2022) First quarter 2023 results: EPS: JP¥7.61 (down from JP¥33.27 in 1Q 2022). Revenue: JP¥111.4b (up 17% from 1Q 2022). Net income: JP¥612.0m (down 77% from 1Q 2022). Profit margin: 0.5% (down from 2.8% in 1Q 2022). Over the next year, revenue is forecast to grow 16%, compared to a 15% growth forecast for the industry in Germany. 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 3% per year, which means it is well ahead of earnings. Announcement • Jun 29
GS Yuasa Corporation to Report Q1, 2023 Results on Aug 03, 2022 GS Yuasa Corporation announced that they will report Q1, 2023 results on Aug 03, 2022 Reported Earnings • May 16
Full year 2022 earnings released: EPS: JP¥105 (vs JP¥142 in FY 2021) Full year 2022 results: EPS: JP¥105 (down from JP¥142 in FY 2021). Revenue: JP¥432.1b (up 12% from FY 2021). Net income: JP¥8.47b (down 26% from FY 2021). Profit margin: 2.0% (down from 3.0% in FY 2021). Over the next year, revenue is forecast to grow 8.5%, compared to a 11% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Board Change • Apr 27
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 6 new directors. 3 experienced directors. 2 highly experienced directors. 3 independent directors (4 non-independent directors). Vice President, CFO & Director Toshiyuki Nakagawa is the most experienced director on the board, commencing their role in 2010. Independent Outside Director Yoshiko Nonogaki was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Apr 09
GS Yuasa Corporation, Annual General Meeting, Jun 29, 2022 GS Yuasa Corporation, Annual General Meeting, Jun 29, 2022. Announcement • Apr 08
GS Yuasa Corporation to Report Fiscal Year 2022 Results on May 12, 2022 GS Yuasa Corporation announced that they will report fiscal year 2022 results at 4:00 PM, Tokyo Standard Time on May 12, 2022 Buying Opportunity • Apr 07
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 12%. The fair value is estimated to be €21.51, 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 declined by 8.8%. For the next 3 years, revenue is forecast to grow by 5.1% per annum. Earnings is also forecast to grow by 24% per annum over the same time period. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥35.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 30 June 2022. Payout ratio is a comfortable 57% and the cash payout ratio is 77%. Trailing yield: 2.1%. Lower than top quartile of German dividend payers (3.6%). Higher than average of industry peers (0.9%). Buying Opportunity • Mar 07
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 5.5%. The fair value is estimated to be JP¥23.17, 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 declined by 8.8% per annum over the last 3 years. Reported Earnings • Feb 06
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥14.18 (down from JP¥68.81 in 3Q 2021). Revenue: JP¥118.0b (up 12% from 3Q 2021). Net income: JP¥1.14b (down 79% from 3Q 2021). Profit margin: 1.0% (down from 5.2% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 8.3%, compared to a 14% growth forecast for the industry in Germany. 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 1% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 06
Second quarter 2022 earnings released: JP¥5.89 loss per share (vs JP¥1.84 profit in 2Q 2021) The company reported a soft second quarter result with weaker earnings and weaker control over costs, although revenues improved. Second quarter 2022 results: Revenue: JP¥99.7b (up 3.9% from 2Q 2021). Net loss: JP¥474.0m (down 420% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 1% per year. Reported Earnings • May 14
Full year 2021 earnings released: EPS JP¥142 (vs JP¥168 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥386.5b (down 2.3% from FY 2020). Net income: JP¥11.5b (down 16% from FY 2020). Profit margin: 3.0% (down from 3.5% 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 whereas the company’s share price has fallen by 1% per year. Announcement • Mar 24
GS Yuasa Corporation (TSE:6674) announces an Equity Buyback for 200,000 shares, representing 0.25% for ¥500 million. GS Yuasa Corporation (TSE:6674) announces a share repurchase program. Under the program, the company will repurchase 200,000 shares, representing 0.25% of its share capital, for ¥500 million. The company will repurchase its shares in order to enhance shareholder returns by increasing shareholder value per share, along with aiming to improve capital efficiency and implement a flexible capital policy. The program will run until September 30, 2021. As of March 23, 2021, the company has 80,675,550 shares outstanding (excluding treasury shares) and has 2,039,392 shares in treasury. Upcoming Dividend • Mar 23
First Dividend Is JP¥40.00 Per Share Will be paid on the 29th of June to those who are registered shareholders by the 30th of March. The company last paid an ordinary dividend in June 2020. The average dividend yield among industry peers is 2.0%. Announcement • Mar 04
GS Yuasa Corporation to Report Fiscal Year 2021 Results on May 12, 2021 GS Yuasa Corporation announced that they will report fiscal year 2021 results on May 12, 2021 Reported Earnings • Feb 06
Third quarter 2021 earnings released The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥105.7b (up 2.9% from 3Q 2020). Net income: JP¥5.55b (up 25% from 3Q 2020). Profit margin: 5.2% (up from 4.3% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 7% per year. Analyst Estimate Surprise Post Earnings • Feb 06
Revenue beats expectations Revenue exceeded analyst estimates by 4.8%. Over the next year, revenue is forecast to grow 6.8%, compared to a 16% growth forecast for the Electrical industry in Germany. Is New 90 Day High Low • Feb 04
New 90-day high: €26.80 The company is up 81% from its price of €14.80 on 06 November 2020. The German market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 42% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.91 per share. Valuation Update With 7 Day Price Move • Jan 11
Investor sentiment improved over the past week After last week's 18% share price gain to JP¥27.00, the stock is trading at a trailing P/E ratio of 29x, up from the previous P/E ratio of 24.5x. This compares to an average P/E of 40x in the Electrical industry in Germany. Total returns to shareholders over the past three years are 36%. Is New 90 Day High Low • Dec 29
New 90-day high: €22.80 The company is up 58% from its price of €14.40 on 30 September 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 25% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.83 per share. Is New 90 Day High Low • Dec 05
New 90-day high: €22.00 The company is up 61% from its price of €13.70 on 04 September 2020. The German market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.44 per share. Valuation Update With 7 Day Price Move • Nov 26
Market bids up stock over the past week After last week's 15% share price gain to JP¥19.90, the stock is trading at a trailing P/E ratio of 22.6x, up from the previous P/E ratio of 19.7x. This compares to an average P/E of 35x in the Electrical industry in Germany. Total return to shareholders over the past three years is a loss of 3.6%. Is New 90 Day High Low • Nov 11
New 90-day high: €16.20 The company is up 14% from its price of €14.20 on 13 August 2020. The German market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.33 per share. Analyst Estimate Surprise Post Earnings • Nov 08
Revenue beats expectations Revenue exceeded analyst estimates by 4.7%. Over the next year, revenue is forecast to grow 3.9%, compared to a 17% growth forecast for the Electrical industry in Germany. Reported Earnings • Nov 08
Second quarter 2021 earnings released: EPS JP¥1.84 The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥95.9b (down 4.4% from 2Q 2020). Net income: JP¥148.0m (down 96% from 2Q 2020). Profit margin: 0.2% (down from 3.3% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Oct 08
New 90-day high: €15.40 The company is up 5.0% from its price of €14.60 on 10 July 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Electrical industry, which is up 24% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.60 per share. Announcement • Sep 13
GS Yuasa Corporation to Report Q2, 2021 Results on Nov 06, 2020 GS Yuasa Corporation announced that they will report Q2, 2021 results on Nov 06, 2020 Announcement • Jun 19
GS Yuasa Corporation to Report Q1, 2021 Results on Aug 04, 2020 GS Yuasa Corporation announced that they will report Q1, 2021 results on Aug 04, 2020 
