Announcement • Jun 30
Toyota Boshoku Corporation to Report Q1, 2027 Results on Jul 31, 2026 Toyota Boshoku Corporation announced that they will report Q1, 2027 results at 9:00 AM, Tokyo Standard Time on Jul 31, 2026 Reported Earnings • Jun 15
Full year 2026 earnings released: EPS: JP¥130 (vs JP¥93.65 in FY 2025) Full year 2026 results: EPS: JP¥130 (up from JP¥93.65 in FY 2025). Revenue: JP¥2.04t (up 4.2% from FY 2025). Net income: JP¥23.3b (up 39% from FY 2025). Profit margin: 1.1% (up from 0.9% in FY 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Board Change • May 20
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 Yasuhiko Yamazaki 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 • Apr 29
Toyota Boshoku Corporation, Annual General Meeting, Jun 12, 2026 Toyota Boshoku Corporation, Annual General Meeting, Jun 12, 2026. Announcement • Apr 21
Toyota Boshoku Corporation to Report Fiscal Year 2026 Results on Apr 28, 2026 Toyota Boshoku Corporation announced that they will report fiscal year 2026 results on Apr 28, 2026 Announcement • Dec 02
Toyota Boshoku Corporation to Report Q3, 2026 Results on Feb 03, 2026 Toyota Boshoku Corporation announced that they will report Q3, 2026 results on Feb 03, 2026 Announcement • Sep 27
Toyota Boshoku Corporation to Report Q2, 2026 Results on Oct 31, 2025 Toyota Boshoku Corporation announced that they will report Q2, 2026 results on Oct 31, 2025 Announcement • Jun 27
Toyota Boshoku Corporation to Report Q1, 2026 Results on Jul 31, 2025 Toyota Boshoku Corporation announced that they will report Q1, 2026 results on Jul 31, 2025 Announcement • Mar 27
Toyota Boshoku Corporation to Report Fiscal Year 2025 Results on Apr 25, 2025 Toyota Boshoku Corporation announced that they will report fiscal year 2025 results on Apr 25, 2025 Announcement • Dec 05
Toyota Boshoku Corporation to Report Q3, 2025 Results on Jan 31, 2025 Toyota Boshoku Corporation announced that they will report Q3, 2025 results on Jan 31, 2025 Reported Earnings • Nov 01
Second quarter 2025 earnings released: EPS: JP¥26.95 (vs JP¥88.00 in 2Q 2024) Second quarter 2025 results: EPS: JP¥26.95 (down from JP¥88.00 in 2Q 2024). Revenue: JP¥460.2b (down 5.8% from 2Q 2024). Net income: JP¥4.81b (down 71% from 2Q 2024). Profit margin: 1.0% (down from 3.4% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Announcement • Oct 31
Toyota Boshoku Corporation Announces Interim Dividend for the Fiscal Year Ending March 2025, Payable on November 26, 2024 Toyota Boshoku Corporation announced that Board of Directors meeting held on October 31, 2024, declared interim dividend for the fiscal year ending March 2025 of JPY 43 per share against JPY 43 per share paid a year ago. Date of record is September 30, 2024. Effective date is November 26, 2024. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥43.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 27 November 2024. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 4.6%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (3.3%). Announcement • Aug 28
Toyota Boshoku Corporation to Report Q2, 2025 Results on Oct 31, 2024 Toyota Boshoku Corporation announced that they will report Q2, 2025 results on Oct 31, 2024 Reported Earnings • Aug 02
First quarter 2025 earnings released: EPS: JP¥48.73 (vs JP¥66.93 in 1Q 2024) First quarter 2025 results: EPS: JP¥48.73 (down from JP¥66.93 in 1Q 2024). Revenue: JP¥488.0b (up 2.6% from 1Q 2024). Net income: JP¥8.70b (down 31% from 1Q 2024). Profit margin: 1.8% (down from 2.6% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Jul 19
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 16% to €12.00. The fair value is estimated to be €15.05, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has declined by 2.7%. For the next 3 years, revenue is forecast to grow by 2.8% per annum. Earnings are forecast to decline by 0.1% per annum over the same time period. Declared Dividend • Jul 11
Final dividend of JP¥43.00 announced Shareholders will receive a dividend of JP¥43.00. Ex-date: 27th September 2024 Payment date: 27th November 2024 Dividend yield will be 361%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is well covered by both earnings (30% earnings payout ratio) and cash flows (15% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 5.4% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • Jul 09
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.1% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 are forecast to decline by an average of 0.1% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Jun 25
Full year 2024 earnings released: EPS: JP¥312 (vs JP¥78.57 in FY 2023) Full year 2024 results: EPS: JP¥312 (up from JP¥78.57 in FY 2023). Revenue: JP¥1.95t (up 22% from FY 2023). Net income: JP¥57.9b (up 294% from FY 2023). Profit margin: 3.0% (up from 0.9% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 10% per year, which means it is performing significantly worse than earnings. Announcement • Jun 08
Toyota Boshoku Corporation to Report Q1, 2025 Results on Jul 31, 2024 Toyota Boshoku Corporation announced that they will report Q1, 2025 results on Jul 31, 2024 Announcement • Apr 27
Toyota Boshoku Corporation Announces Dividend for the Fiscal Year Ended March 31, 2024, Payable on May 27, 2024 Toyota Boshoku Corporation hereby announced that its board of directors meeting held on April 26, 2024, passed resolutions to pay the dividend of JPY 43 per share for the fiscal year ended March 31, 2024 against JPY 35 per share paid a year ago. Date of record is March 31, 2024. Effective date is May 27, 2024. Announcement • Mar 28
Toyota Boshoku Corporation to Report Fiscal Year 2024 Results on Apr 26, 2024 Toyota Boshoku Corporation announced that they will report fiscal year 2024 results on Apr 26, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥43.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 27 May 2024. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of German dividend payers (4.9%). Higher than average of industry peers (2.9%). Buy Or Sell Opportunity • Mar 08
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.0% to €14.50. The fair value is estimated to be €18.80, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has declined by 4.8%. Revenue is forecast to grow by 7.9% in 2 years. Earnings are forecast to grow by 22% in the next 2 years. Announcement • Feb 05
Toyota Boshoku Corporation (TSE:3116) announces an Equity Buyback for 8,500,000 shares, representing 4.53% for ¥20,000 million. Toyota Boshoku Corporation (TSE:3116) announces a share repurchase program. Under the program, the company will repurchase up to 8,500,000 shares, representing 4.53% of its issued share capital, for ¥20,000 million. The purpose of the program is to enhance shareholder returns and improve capital efficiency. The program will be valid till February 29, 2024. As of September 30, 2023, the company has 187,665,738 issued shares (excluding treasury stock) and 765,282 treasury shares. Reported Earnings • Feb 04
Third quarter 2024 earnings released: EPS: JP¥70.45 (vs JP¥36.15 in 3Q 2023) Third quarter 2024 results: EPS: JP¥70.45 (up from JP¥36.15 in 3Q 2023). Revenue: JP¥507.1b (up 25% from 3Q 2023). Net income: JP¥13.2b (up 95% from 3Q 2023). Profit margin: 2.6% (up from 1.7% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Announcement • Feb 02
Toyota Boshoku Corporation Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2024 Toyota Boshoku Corporation provided consolidated earnings guidance for the fiscal year ending March 31, 2024. For the period, the company expected net sales of JPY 1,970,000 million, operating profit of JPY 93,000 million, profit attributable to owners of parent of JPY 59,000 million and earnings per share of JPY 315.76. Announcement • Nov 30
Toyota Boshoku Corporation to Report Q3, 2024 Results on Feb 02, 2024 Toyota Boshoku Corporation announced that they will report Q3, 2024 results on Feb 02, 2024 Reported Earnings • Nov 02
Second quarter 2024 earnings released: EPS: JP¥88.00 (vs JP¥18.17 in 2Q 2023) Second quarter 2024 results: EPS: JP¥88.00 (up from JP¥18.17 in 2Q 2023). Revenue: JP¥488.6b (up 19% from 2Q 2023). Net income: JP¥16.4b (up 385% from 2Q 2023). Profit margin: 3.4% (up from 0.8% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 1% 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 • Oct 31
Toyota Boshoku Corporation Announces Interim Dividend for the Fiscal Year Ending March 31, 2024, Payable on November 27, 2023; Provides Dividend Guidance for the Year Ending March 31, 2024 Toyota Boshoku Corporation announced an interim dividend of JPY 43 per share for the fiscal year ending March 31, 2024 against JPY 35 per share paid a year ago. Effective date is November 27, 2023. Record date is September 30, 2023.For the year ending March 31, 2024, the company expects to pay a dividend of JPY 43 per share as compared to previous forecast of JPY 35 per share. New Risk • Oct 13
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 6.2% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.2% average weekly change). Announcement • Sep 24
Toyota Boshoku Corporation to Report Q2, 2024 Results on Oct 31, 2023 Toyota Boshoku Corporation announced that they will report Q2, 2024 results on Oct 31, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of JP¥35.00 per share at 2.4% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 27 November 2023. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of German dividend payers (4.8%). In line with average of industry peers (2.6%). Buying Opportunity • Aug 17
Now 21% undervalued Over the last 90 days, the stock is up 10%. The fair value is estimated to be €20.46, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 8.8% in 2 years. Earnings is forecast to grow by 89% in the next 2 years. Reported Earnings • Jul 29
First quarter 2024 earnings released: EPS: JP¥66.93 (vs JP¥7.38 loss in 1Q 2023) First quarter 2024 results: EPS: JP¥66.93 (up from JP¥7.38 loss in 1Q 2023). Revenue: JP¥475.5b (up 36% from 1Q 2023). Net income: JP¥12.5b (up JP¥13.9b from 1Q 2023). Profit margin: 2.6% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Buying Opportunity • Jul 26
Now 21% undervalued Over the last 90 days, the stock is up 20%. The fair value is estimated to be €20.26, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.1% over the last 3 years. Earnings per share has grown by 13%. For the next 3 years, revenue is forecast to grow by 5.7% per annum. Earnings is also forecast to grow by 32% per annum over the same time period. Announcement • Jun 26
Toyota Boshoku Corporation to Report Q1, 2024 Results on Jul 28, 2023 Toyota Boshoku Corporation announced that they will report Q1, 2024 results on Jul 28, 2023 Reported Earnings • Jun 25
Full year 2023 earnings released: EPS: JP¥78.57 (vs JP¥210 in FY 2022) Full year 2023 results: EPS: JP¥78.57 (down from JP¥210 in FY 2022). Revenue: JP¥1.60t (up 13% from FY 2022). Net income: JP¥14.7b (down 63% from FY 2022). Profit margin: 0.9% (down from 2.8% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 9% per year. Buying Opportunity • Jun 09
Now 21% undervalued Over the last 90 days, the stock is up 5.5%. The fair value is estimated to be €19.30, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.1% over the last 3 years. Earnings per share has grown by 13%. For the next 3 years, revenue is forecast to grow by 5.6% per annum. Earnings is also forecast to grow by 35% per annum over the same time period. Buying Opportunity • May 19
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 2.0%. The fair value is estimated to be €18.45, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.1% over the last 3 years. Earnings per share has grown by 13%. For the next 3 years, revenue is forecast to grow by 4.5% per annum. Earnings is also forecast to grow by 41% per annum over the same time period. Reported Earnings • Apr 30
Full year 2023 earnings released: EPS: JP¥78.57 (vs JP¥210 in FY 2022) Full year 2023 results: EPS: JP¥78.57 (down from JP¥210 in FY 2022). Revenue: JP¥1.60t (up 13% from FY 2022). Net income: JP¥14.7b (down 63% from FY 2022). Profit margin: 0.9% (down from 2.8% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Mar 31
Now 21% undervalued Over the last 90 days, the stock is up 16%. The fair value is estimated to be €18.08, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.4% over the last 3 years. Earnings per share has grown by 20%. Revenue is forecast to grow by 13% in 2 years. Earnings is forecast to grow by 114% in the next 2 years. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥35.00 per share at 3.5% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 30 May 2023. Payout ratio is a comfortable 53% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.5%). Buying Opportunity • Mar 14
Now 22% undervalued Over the last 90 days, the stock is up 15%. The fair value is estimated to be €17.96, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.4% over the last 3 years. Earnings per share has grown by 20%. Revenue is forecast to grow by 13% in 2 years. Earnings is forecast to grow by 114% in the next 2 years. Reported Earnings • Feb 05
Third quarter 2023 earnings released: EPS: JP¥36.15 (vs JP¥55.36 in 3Q 2022) Third quarter 2023 results: EPS: JP¥36.15 (down from JP¥55.36 in 3Q 2022). Revenue: JP¥407.4b (up 6.4% from 3Q 2022). Net income: JP¥6.75b (down 35% from 3Q 2022). Profit margin: 1.7% (down from 2.7% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Dec 29
Toyota Boshoku Corporation to Report Q3, 2023 Results on Feb 03, 2023 Toyota Boshoku Corporation announced that they will report Q3, 2023 results on Feb 03, 2023 Announcement • Dec 28
Toyota Boshoku Corporation (TSE:3116) agreed to acquire additional 32.9% stake in Toyota Body Seiko Co.,Ltd. from Toyota Auto Body Co., Ltd. for ¥2 billion. Toyota Boshoku Corporation (TSE:3116) agreed to acquire additional 32.9% stake in Toyota Body Seiko Co.,Ltd. from Toyota Auto Body Co., Ltd. for ¥2 billion on December 27, 2022. As a part of transaction, Toyota Boshoku will acquire 48,000 shares. After completion of transaction Toyota Boshoku will hold 66.4% stake in Toyota Body Seiko. For the period ended March 31, 2022, net worth of ¥7.4 billion, total assets of ¥29.5 billion, sales of ¥48.2 billion, operating loss of ¥1.8 billion and net loss of ¥1.4 billion. The transaction is expected to complete on October 1, 2023. Board Change • Nov 16
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 2 experienced directors. 1 highly experienced director. Chairman Shuhei Toyoda is the most experienced director on the board, commencing their role in 2004. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 30
Second quarter 2023 earnings released: EPS: JP¥18.17 (vs JP¥10.48 in 2Q 2022) Second quarter 2023 results: EPS: JP¥18.17 (up from JP¥10.48 in 2Q 2022). Revenue: JP¥411.5b (up 38% from 2Q 2022). Net income: JP¥3.39b (up 73% from 2Q 2022). Profit margin: 0.8% (up from 0.7% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Oct 26
Toyota Boshoku Corporation (TSE:3116) agreed to acquire 80% stake in PT.SHIROKI INDONESIA and SHIROKI AUTOMOTIVE INDIA PRIVATE LIMITED from SHIROKI Corporation. Toyota Boshoku Corporation (TSE:3116) agreed to acquire 80% stake in PT.SHIROKI INDONESIA and SHIROKI AUTOMOTIVE INDIA PRIVATE LIMITED from SHIROKI Corporation on October 25, 2022. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥35.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 28 November 2022. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of German dividend payers (5.1%). In line with average of industry peers (3.7%). Reported Earnings • Jul 31
First quarter 2023 earnings released: JP¥7.38 loss per share (vs JP¥65.27 profit in 1Q 2022) First quarter 2023 results: JP¥7.38 loss per share (down from JP¥65.27 profit in 1Q 2022). Revenue: JP¥350.3b (down 1.1% from 1Q 2022). Net loss: JP¥1.38b (down 111% from profit in 1Q 2022). Over the next year, revenue is forecast to grow 12%, compared to a 10% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Jul 15
Toyota Boshoku Corporation to Report Q2, 2023 Results on Oct 28, 2022 Toyota Boshoku Corporation announced that they will report Q2, 2023 results on Oct 28, 2022 Reported Earnings • Jun 24
Full year 2022 earnings released Full year 2022 results: Revenue: JP¥1.42t (up 12% from FY 2021). Net income: JP¥39.3b (up 26% from FY 2021). Profit margin: 2.8% (up from 2.5% in FY 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 13%, compared to a 10.0% growth forecast for the industry in Germany. Announcement • Jun 24
Toyota Boshoku Corporation to Report Q1, 2023 Results on Jul 29, 2022 Toyota Boshoku Corporation announced that they will report Q1, 2023 results on Jul 29, 2022 Announcement • May 02
Toyota Boshoku Corporation, Annual General Meeting, Jun 14, 2022 Toyota Boshoku Corporation, Annual General Meeting, Jun 14, 2022. Reported Earnings • Apr 30
Full year 2022 earnings released: EPS: JP¥210 (vs JP¥167 in FY 2021) Full year 2022 results: EPS: JP¥210 (up from JP¥167 in FY 2021). Revenue: JP¥1.42t (up 12% from FY 2021). Net income: JP¥39.3b (up 26% from FY 2021). Profit margin: 2.8% (up from 2.5% in FY 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 9.7%, compared to a 9.4% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. 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, 2 were independent directors. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Outside Director Junko Shiokawa was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Announcement • Apr 07
Toyota Boshoku Corporation to Report Fiscal Year 2022 Results on Apr 28, 2022 Toyota Boshoku Corporation announced that they will report fiscal year 2022 results on Apr 28, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥32.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 27 May 2022. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of German dividend payers (3.6%). In line with average of industry peers (3.3%). Buying Opportunity • Feb 23
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 12%. The fair value is estimated to be JP¥19.92, 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 23% per annum over the last 3 years. Reported Earnings • Feb 04
Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2022 results: EPS: JP¥55.36 (down from JP¥108 in 3Q 2021). Revenue: JP¥382.9b (up 1.2% from 3Q 2021). Net income: JP¥10.3b (down 49% from 3Q 2021). Profit margin: 2.7% (down from 5.3% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 5.8%. Over the next year, revenue is forecast to grow 8.2% compared to a 2.9% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Jan 22
Now 22% undervalued Over the last 90 days, the stock is up 3.9%. The fair value is estimated to be JP¥20.32, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.3% per annum over the last 3 years. Earnings per share has grown by 13% per annum over the last 3 years. Reported Earnings • Oct 30
Second quarter 2022 earnings released: EPS JP¥10.48 (vs JP¥56.63 in 2Q 2021) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥297.8b (down 11% from 2Q 2021). Net income: JP¥1.96b (down 82% from 2Q 2021). Profit margin: 0.7% (down from 3.2% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥32.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 26 November 2021. Trailing yield: 3.3%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (2.1%). Reported Earnings • Aug 03
First quarter 2022 earnings released: EPS JP¥65.27 (vs JP¥97.67 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥354.3b (up 67% from 1Q 2021). Net income: JP¥12.2b (up JP¥30.4b from 1Q 2021). Profit margin: 3.4% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Reported Earnings • Jun 24
Full year 2021 earnings released The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥1.27t (down 7.3% from FY 2020). Net income: JP¥31.2b (up 26% from FY 2020). Profit margin: 2.5% (up from 1.8% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Reported Earnings • Apr 30
Full year 2021 earnings released: EPS JP¥167 (vs JP¥133 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥1.27t (down 7.3% from FY 2020). Net income: JP¥31.2b (up 26% from FY 2020). Profit margin: 2.5% (up from 1.8% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥28.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 18 June 2021. Trailing yield: 2.1%. Lower than top quartile of German dividend payers (3.3%). In line with average of industry peers (2.0%). Announcement • Feb 19
An unknown buyer acquired unknown stake in Toyota Boshoku Corporation (TSE:3116) from Toyota Motor Corporation (TSE:7203). An unknown buyer acquired unknown stake in Toyota Boshoku Corporation (TSE:3116) from Toyota Motor Corporation (TSE:7203) on February 18, 2021.
An unknown buyer completed the acquisition of unknown stake in Toyota Boshoku Corporation (TSE:3116) from Toyota Motor Corporation (TSE:7203) on February 18, 2021. Reported Earnings • Feb 04
Third quarter 2021 earnings released: EPS JP¥108 (vs JP¥26.41 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥378.2b (up 10% from 3Q 2020). Net income: JP¥20.1b (up 308% from 3Q 2020). Profit margin: 5.3% (up from 1.4% 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 44% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Feb 04
Revenue beats expectations Revenue exceeded analyst estimates by 6.3%. Over the next year, revenue is forecast to grow 7.6%, compared to a 9.5% growth forecast for the Auto Components industry in Germany. Is New 90 Day High Low • Feb 03
New 90-day high: €13.80 The company is up 18% from its price of €11.70 on 05 November 2020. The German market is up 16% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Auto Components 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 €16.13 per share. Announcement • Dec 26
Toyota Boshoku Corporation to Report Q3, 2021 Results on Feb 02, 2021 Toyota Boshoku Corporation announced that they will report Q3, 2021 results on Feb 02, 2021 Is New 90 Day High Low • Dec 15
New 90-day high: €13.40 The company is up 13% from its price of €11.90 on 16 September 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Auto Components industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €19.94 per share. Reported Earnings • Nov 18
Second quarter 2021 earnings released: EPS JP¥56.63 The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: JP¥333.3b (down 8.2% from 2Q 2020). Net income: JP¥10.6b (up 85% from 2Q 2020). Profit margin: 3.2% (up from 1.6% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Nov 17
Revenue beats expectations Revenue exceeded analyst estimates by 9.1%. Over the next year, revenue is forecast to grow 7.0%, compared to a 7.9% growth forecast for the Auto Components industry in Germany. Reported Earnings • Nov 01
First half earnings released Over the last 12 months the company has reported total profits of JP¥4.48b, down 84% from the prior year. Total revenue was JP¥1.20t over the last 12 months, down 17% from the prior year. Analyst Estimate Surprise Post Earnings • Nov 01
Semi-annual earnings released: Revenue beats expectations Semi-annual revenue exceeded analyst estimates by 9.1% at JP¥545.4b. Revenue is forecast to grow 7.0% over the next year, compared to a 3.8% growth forecast for the Auto Components industry in Germany. Is New 90 Day High Low • Oct 24
New 90-day high: €13.10 The company is up 18% from its price of €11.10 on 24 July 2020. The German market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €18.14 per share. Is New 90 Day High Low • Sep 28
New 90-day high: €12.40 The company is up 6.0% from its price of €11.70 on 30 June 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €18.56 per share. Announcement • Sep 27
Toyota Boshoku Corporation to Report Q2, 2021 Results on Oct 29, 2020 Toyota Boshoku Corporation announced that they will report Q2, 2021 results on Oct 29, 2020 
