Announcement • Jul 02
METAWATER Co., Ltd. to Report Q1, 2027 Results on Jul 29, 2026 METAWATER Co., Ltd. announced that they will report Q1, 2027 results on Jul 29, 2026 Announcement • Jun 24
METAWATER Co., Ltd. Announces Board Changes METAWATER Co., Ltd. held its Ordinary General Meeting of Shareholders on June 23, 2026. The Board of Directors subsequently elected Board Members with executive roles as follows: Kazuhiko Aoki (newly elected), Director; Takahisa Matsumoto (newly elected, independent officer), Outside Director. Audit & Supervisory Board Member: Akihiro Teranishi, Audit & Supervisory Board Member (not reelected); Michiko Tanji, Audit & Supervisory Board Member (not reelected); Taku Fukui, Outside Audit & Supervisory Board Member (not reelected), retired from their positions. Yukiomi Yoshiba was newly elected as Substitute Audit & Supervisory Board Members. Board Change • May 20
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. 4 non-independent directors. Independent Outside Director Tsuneo Tanai was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 24
METAWATER Co., Ltd., Annual General Meeting, Jun 23, 2026 METAWATER Co., Ltd., Annual General Meeting, Jun 23, 2026. Announcement • Apr 21
METAWATER Co., Ltd. to Report Fiscal Year 2026 Results on Apr 24, 2026 METAWATER Co., Ltd. announced that they will report fiscal year 2026 results on Apr 24, 2026 Announcement • Mar 25
METAWATER Co., Ltd. (TSE:9551) completed the acquisition of 48.94% stake in Suido Kiko Kaisha, Ltd. (TSE:6403) from a group of shareholders. METAWATER Co., Ltd. (TSE:9551) proposed to acquire 48.94% stake in Suido Kiko Kaisha, Ltd. (TSE:6403) from a group of shareholders for ¥8.5 billion on February 5, 2026. A cash consideration of ¥4,050 per share will be paid by METAWATER Co., Ltd. METAWATER also enter agreements under which Toray has agreed not to tender any of Suido Kiko Kaisha Shares held by Toray : 51.06%. If the Tender Offeror fails to acquire all of the shares of Suido Kiko Kaisha through the Tender Offer, after the completion of the Tender Offer, the Tender Offeror plans to request the implementation of a series of procedures necessary to make the Tender Offeror and Toray the only shareholders of the Target Company through the Share Consolidation. The METAWATER intends to make Suido Kiko Kaisha private by acquiring all of Suido Kiko Kaisha Shares. After the completion of the Squeeze-Out Procedure, the plan in principle is for Toray and the Tender Offeror to hold 51% and 49% of the voting rights in Suido Kiko Kaisha.
The transaction is subject to minimum tender. The Board of Directors of Suido Kiko Kaisha, Ltd. formed a special committee for the transaction. The expected completion of the transaction is March 24, 2026.
Mori Hamada & Matsumoto LPC acted as legal advisor for METAWATER Co., Ltd. Mizuho Securities Co., Ltd. acted as financial advisor for METAWATER Co., Ltd. Southgate Law Office acted as legal advisor for Suido Kiko Kaisha, Ltd. Sumitomo Mitsui Banking Corporation acted as financial advisor for Suido Kiko Kaisha, Ltd.
METAWATER Co., Ltd. (TSE:9551) completed the acquisition of 48.94% stake in Suido Kiko Kaisha, Ltd. (TSE:6403) from a group of shareholders on March 24, 2026. The total number of Tendered Securities (1,493,025 shares) was equal to or greater than the minimum number of shares to be purchased (669,400 shares), the Tender Offeror will purchase all of the Tendered Securities, as stated in the public notice of commencement of the tender offer and the tender offer registration statement. Announcement • Feb 06
METAWATER Co., Ltd. (TSE:9551) proposed to acquire 48.94% stake in Suido Kiko Kaisha, Ltd. (TSE:6403) from a group of shareholders for ¥8.5 billion. METAWATER Co., Ltd. (TSE:9551) proposed to acquire 48.94% stake in Suido Kiko Kaisha, Ltd. (TSE:6403) from a group of shareholders for ¥8.5 billion on February 5, 2026. A cash consideration of ¥4,050 per share will be paid by METAWATER Co., Ltd. METAWATER also enter agreements under which Toray has agreed not to tender any of Suido Kiko Kaisha Shares held by Toray : 51.06%. If the Tender Offeror fails to acquire all of the shares of Suido Kiko Kaisha through the Tender Offer, after the completion of the Tender Offer, the Tender Offeror plans to request the implementation of a series of procedures necessary to make the Tender Offeror and Toray the only shareholders of the Target Company through the Share Consolidation. The METAWATER intends to make Suido Kiko Kaisha private by acquiring all of Suido Kiko Kaisha Shares. After the completion of the Squeeze-Out Procedure, the plan in principle is for Toray and the Tender Offeror to hold 51% and 49% of the voting rights in Suido Kiko Kaisha.
The transaction is subject to minimum tender. The Board of Directors of Suido Kiko Kaisha, Ltd. formed a special committee for the transaction. The expected completion of the transaction is March 24, 2026.
Mori Hamada & Matsumoto LPC acted as legal advisor for METAWATER Co., Ltd. Mizuho Securities Co., Ltd. acted as financial advisor for METAWATER Co., Ltd. Southgate Law Office acted as legal advisor for Suido Kiko Kaisha, Ltd. Sumitomo Mitsui Banking Corporation acted as financial advisor for Suido Kiko Kaisha, Ltd. Announcement • Dec 27
METAWATER Co., Ltd. to Report Q3, 2026 Results on Jan 28, 2026 METAWATER Co., Ltd. announced that they will report Q3, 2026 results on Jan 28, 2026 Announcement • Sep 21
METAWATER Co., Ltd. to Report Q2, 2026 Results on Oct 27, 2025 METAWATER Co., Ltd. announced that they will report Q2, 2026 results on Oct 27, 2025 Announcement • Jun 27
METAWATER Co., Ltd. to Report Q1, 2026 Results on Jul 25, 2025 METAWATER Co., Ltd. announced that they will report Q1, 2026 results on Jul 25, 2025 Announcement • Jun 24
METAWATER Co., Ltd. Announces Executive Changes METAWATER Co., Ltd. at the AGM held on June 24, 2025 approved the appointment of Hajime Ito as Director. Akihiro Teranishi Audit & Supervisory Board Member (not reelected); Michiko Tanji is newly elected as Audit & Supervisory Board Member; Taku Fukui- Independent officer elected Outside Audit & Supervisory Board Member and Masami Kusunoki- Independent officer Outside Audit & Supervisory Board Member (not reelected). Hajime Ito, an Executive Officer, is the Executive General Manager of both the System Solution Division and the Cost Engineering Center. Announcement • Apr 24
METAWATER Co., Ltd., Annual General Meeting, Jun 24, 2025 METAWATER Co., Ltd., Annual General Meeting, Jun 24, 2025. Announcement • Mar 26
Metawater Co., Ltd. Announces Executive Changes METAWATER Co., Ltd. at its board meeting held on March 26, 2025, adopted resolution to appoint Shingo Nishimura Executive General Manager, Corporate Strategy Planning Office, effective April 1, 2025. New Duties: Responsible for Quality Assurance Management Office. METAWATER Co., Ltd. announced that Shigeru Hatsumata will resign as Audit & Supervisory Board Member at the conclusion of the annual general meeting of shareholders scheduled to be held on June 24, 2025. Announcement • Mar 22
METAWATER Co., Ltd. to Report Fiscal Year 2025 Results on Apr 24, 2025 METAWATER Co., Ltd. announced that they will report fiscal year 2025 results on Apr 24, 2025 Announcement • Jan 06
METAWATER Co., Ltd. to Report Q3, 2025 Results on Jan 30, 2025 METAWATER Co., Ltd. announced that they will report Q3, 2025 results on Jan 30, 2025 Reported Earnings • Nov 01
Second quarter 2025 earnings released: JP¥20.95 loss per share (vs JP¥6.97 loss in 2Q 2024) Second quarter 2025 results: JP¥20.95 loss per share (further deteriorated from JP¥6.97 loss in 2Q 2024). Revenue: JP¥34.2b (up 7.3% from 2Q 2024). Net loss: JP¥914.0m (loss widened 201% from 2Q 2024). Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Machinery 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 fallen by 11% per year, which means it is significantly lagging earnings. Announcement • Sep 21
METAWATER Co., Ltd. to Report Q2, 2025 Results on Oct 30, 2024 METAWATER Co., Ltd. announced that they will report Q2, 2025 results on Oct 30, 2024 Upcoming Dividend • Sep 20
Upcoming dividend of JP¥24.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 04 December 2024. Payout ratio is a comfortable 28% but the company is not cash flow positive. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (3.5%). Reported Earnings • Jul 28
First quarter 2025 earnings released: JP¥36.18 loss per share (vs JP¥43.47 loss in 1Q 2024) First quarter 2025 results: JP¥36.18 loss per share (improved from JP¥43.47 loss in 1Q 2024). Revenue: JP¥25.0b (up 18% from 1Q 2024). Net loss: JP¥1.58b (loss narrowed 17% from 1Q 2024). Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Machinery 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 fallen by 11% per year, which means it is significantly lagging earnings. Declared Dividend • Jul 11
Final dividend of JP¥24.00 announced Shareholders will receive a dividend of JP¥24.00. Ex-date: 27th September 2024 Payment date: 4th December 2024 Dividend yield will be 224%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is covered by earnings (27% 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 5.8% per year over the past 9 years and payments have been stable during that time. EPS is expected to grow by 19% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 26
METAWATER Co., Ltd. to Report Q1, 2025 Results on Jul 25, 2024 METAWATER Co., Ltd. announced that they will report Q1, 2025 results on Jul 25, 2024 Reported Earnings • Apr 25
Full year 2024 earnings released: EPS: JP¥158 (vs JP¥143 in FY 2023) Full year 2024 results: EPS: JP¥158 (up from JP¥143 in FY 2023). Revenue: JP¥165.6b (up 9.8% from FY 2023). Net income: JP¥6.88b (up 10.0% from FY 2023). Profit margin: 4.2% (up from 4.1% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 4% per year. Announcement • Mar 29
METAWATER Co., Ltd., Annual General Meeting, Jun 25, 2024 METAWATER Co., Ltd., Annual General Meeting, Jun 25, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥24.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 03 June 2024. Payout ratio is a comfortable 27% but the company is not cash flow positive. Trailing yield: 1.9%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (3.2%). Announcement • Mar 17
METAWATER Co., Ltd. to Report Fiscal Year 2024 Results on Apr 24, 2024 METAWATER Co., Ltd. announced that they will report fiscal year 2024 results on Apr 24, 2024 Reported Earnings • Feb 02
Third quarter 2024 earnings released: EPS: JP¥40.35 (vs JP¥6.22 in 3Q 2023) Third quarter 2024 results: EPS: JP¥40.35 (up from JP¥6.22 in 3Q 2023). Revenue: JP¥37.7b (up 22% from 3Q 2023). Net income: JP¥1.76b (up JP¥1.49b from 3Q 2023). Profit margin: 4.7% (up from 0.9% in 3Q 2023). 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 3.2% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 8% per year. Announcement • Dec 28
METAWATER Co., Ltd. to Report Q3, 2024 Results on Jan 31, 2024 METAWATER Co., Ltd. announced that they will report Q3, 2024 results on Jan 31, 2024 New Risk • Nov 30
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 7.3% 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: Major Risk High level of non-cash earnings (26% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (7.3% increase in shares outstanding). Announcement • Nov 15
METAWATER Co., Ltd. Provides Dividend Guidance for the Fiscal Year Ending March 31, 2024 METAWATER Co., Ltd. provided dividend guidance for the fiscal year ending March 31, 2024. For the year, the company expects to pay dividend of JPY 22.00 per share against JPY 22.00 per share paid a year ago. Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €13.50, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 10x in the Machinery industry in Germany. Total loss to shareholders of 29% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €13.53 per share. Reported Earnings • Oct 28
Second quarter 2024 earnings released: JP¥6.97 loss per share (vs JP¥14.59 loss in 2Q 2023) Second quarter 2024 results: JP¥6.97 loss per share (improved from JP¥14.59 loss in 2Q 2023). Revenue: JP¥31.9b (up 19% from 2Q 2023). Net loss: JP¥304.0m (loss narrowed 52% from 2Q 2023). Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥22.00 per share at 2.4% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 04 December 2023. Payout ratio is a comfortable 34% but the company is not cash flow positive. Trailing yield: 2.4%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (2.8%). Announcement • Sep 07
METAWATER Co., Ltd. to Report Q2, 2024 Results on Oct 26, 2023 METAWATER Co., Ltd. announced that they will report Q2, 2024 results on Oct 26, 2023 New Risk • Jul 28
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.5% Last year net profit margin: 5.3% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (3.5% net profit margin). Reported Earnings • Jul 28
First quarter 2024 earnings released: JP¥43.47 loss per share (vs JP¥21.83 loss in 1Q 2023) First quarter 2024 results: JP¥43.47 loss per share (further deteriorated from JP¥21.83 loss in 1Q 2023). Revenue: JP¥21.2b (up 6.2% from 1Q 2023). Net loss: JP¥1.90b (loss widened 99% from 1Q 2023). Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Machinery industry in Germany. 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 14% per year, which means it is significantly lagging earnings. Announcement • Jun 30
METAWATER Co., Ltd. to Report Q1, 2024 Results on Jul 26, 2023 METAWATER Co., Ltd. announced that they will report Q1, 2024 results on Jul 26, 2023 Reported Earnings • Jun 23
Full year 2023 earnings released: EPS: JP¥143 (vs JP¥143 in FY 2022) Full year 2023 results: EPS: JP¥143 (up from JP¥143 in FY 2022). Revenue: JP¥150.7b (up 11% from FY 2022). Net income: JP¥6.25b (flat on FY 2022). Profit margin: 4.1% (down from 4.6% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 28
Full year 2023 earnings released: EPS: JP¥143 (vs JP¥143 in FY 2022) Full year 2023 results: EPS: JP¥143 (up from JP¥143 in FY 2022). Revenue: JP¥150.7b (up 11% from FY 2022). Net income: JP¥6.25b (flat on FY 2022). Profit margin: 4.1% (down from 4.6% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥20.00 per share at 2.4% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 05 June 2023. Payout ratio is a comfortable 26% but the company is paying out more than the cash it is generating. Trailing yield: 2.4%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (2.9%). Reported Earnings • Feb 01
Third quarter 2023 earnings released: EPS: JP¥6.22 (vs JP¥13.02 in 3Q 2022) Third quarter 2023 results: EPS: JP¥6.22 (down from JP¥13.02 in 3Q 2022). Revenue: JP¥31.0b (up 14% from 3Q 2022). Net income: JP¥271.0m (down 52% from 3Q 2022). Profit margin: 0.9% (down from 2.1% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Machinery 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 fallen by 12% per year, which means it is significantly lagging earnings. Announcement • Dec 22
METAWATER Co., Ltd. to Report Q3, 2023 Results on Jan 31, 2023 METAWATER Co., Ltd. announced that they will report Q3, 2023 results on Jan 31, 2023 Announcement • Nov 30
METAWATER Co., Ltd. (TSE:9551) announces an Equity Buyback for 3,300,000 shares, representing 7.57% of its issued share capital. METAWATER Co., Ltd. (TSE:9551) announces a share repurchase program. Under the program, the company will repurchase 3,300,000 shares, representing 7.57% of the outstanding shares for ¥6,095.1 million. 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, 3 were independent directors. The company's board is composed of: 6 new directors. 4 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Outside Director Kaoru Aizawa is the most experienced director on the board, commencing their role in 2016. Independent Outside Auditor Masami Kusunoki was the last independent director to join the board, commencing their role in 2022. 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 • Oct 30
Second quarter 2023 earnings released: JP¥14.59 loss per share (vs JP¥7.19 loss in 2Q 2022) Second quarter 2023 results: JP¥14.59 loss per share (further deteriorated from JP¥7.19 loss in 2Q 2022). Revenue: JP¥26.8b (up 14% from 2Q 2022). Net loss: JP¥636.0m (loss widened 103% from 2Q 2022). Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. 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: 02 December 2022. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (3.2%). Announcement • Sep 22
METAWATER Co., Ltd. to Report Q2, 2023 Results on Oct 28, 2022 METAWATER Co., Ltd. announced that they will report Q2, 2023 results on Oct 28, 2022 Reported Earnings • Jul 28
First quarter 2023 earnings released: JP¥21.83 loss per share (vs JP¥47.73 loss in 1Q 2022) First quarter 2023 results: JP¥21.83 loss per share (up from JP¥47.73 loss in 1Q 2022). Revenue: JP¥19.9b (up 25% from 1Q 2022). Net loss: JP¥951.0m (loss narrowed 54% from 1Q 2022). Over the next year, revenue is forecast to grow 6.2%, compared to a 10% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 24
Full year 2022 earnings released: EPS: JP¥143 (vs JP¥151 in FY 2021) Full year 2022 results: EPS: JP¥143 (down from JP¥151 in FY 2021). Revenue: JP¥135.6b (up 1.7% from FY 2021). Net income: JP¥6.25b (down 4.5% from FY 2021). Profit margin: 4.6% (down from 4.9% in FY 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 6.9%, compared to a 10% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Jun 22
METAWATER Co., Ltd. to Report Q1, 2023 Results on Jul 27, 2022 METAWATER Co., Ltd. announced that they will report Q1, 2023 results on Jul 27, 2022 Announcement • Jun 21
METAWATER Co., Ltd. Announces Changes of Officers METAWATER Co., Ltd. at its 49th Ordinary General Meeting of Shareholders appointed Michio Fujii as Director, Shigeru Hatsumata, Taku Fukui and Masami Kusunoki as Audit & Supervisory Board Members, and Junichi Sato, Kenji Shoda as Audit & Supervisory Board Members. Reported Earnings • Apr 29
Full year 2022 earnings released: EPS: JP¥143 (vs JP¥151 in FY 2021) Full year 2022 results: EPS: JP¥143 (down from JP¥151 in FY 2021). Revenue: JP¥135.6b (up 1.7% from FY 2021). Net income: JP¥6.25b (down 4.5% from FY 2021). Profit margin: 4.6% (down from 4.9% in FY 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 6.3%, compared to a 9.9% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
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. 4 non-independent directors. Independent Outside Director Tsuneo Tanai was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 08
METAWATER Co., Ltd. to Report Fiscal Year 2022 Results on Apr 27, 2022 METAWATER Co., Ltd. announced that they will report fiscal year 2022 results on Apr 27, 2022 Announcement • Mar 31
METAWATER Co., Ltd., Annual General Meeting, Jun 21, 2022 METAWATER Co., Ltd., Annual General Meeting, Jun 21, 2022. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 04 June 2022. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of German dividend payers (3.6%). In line with average of industry peers (1.9%). Board Change • Mar 07
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. 4 non-independent directors. Independent Outside Director Tsuneo Tanai was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Jan 28
Third quarter 2022 earnings: EPS in line with expectations, revenues disappoint Third quarter 2022 results: EPS: JP¥13.02 (down from JP¥37.49 in 3Q 2021). Revenue: JP¥27.1b (up 11% from 3Q 2021). Net income: JP¥567.0m (down 65% from 3Q 2021). Profit margin: 2.1% (down from 6.6% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 4.2%. Over the next year, revenue is forecast to stay flat compared to a 10% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Reported Earnings • Oct 28
Second quarter 2022 earnings released: JP¥7.19 loss per share (vs JP¥19.45 loss in 2Q 2021) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2022 results: Revenue: JP¥23.5b (up 19% from 2Q 2021). Net loss: JP¥313.0m (loss narrowed 63% from 2Q 2021). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 02 December 2021. Trailing yield: 2.1%. Lower than top quartile of German dividend payers (3.2%). Higher than average of industry peers (1.0%). Reported Earnings • Jul 29
First quarter 2022 earnings released: JP¥47.73 loss per share (vs JP¥42.83 loss in 1Q 2021) The company reported a solid first quarter result with improved revenues and control over costs, although losses increased. First quarter 2022 results: Revenue: JP¥15.9b (up 12% from 1Q 2021). Net loss: JP¥2.08b (loss widened 12% from 1Q 2021). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jun 24
Full year 2021 earnings released: EPS JP¥151 (vs JP¥116 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥133.4b (up 3.6% from FY 2020). Net income: JP¥6.54b (up 15% from FY 2020). Profit margin: 4.9% (up from 4.4% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • May 21
Metawater Co., Ltd. Declares Dividend for the Year Ended March 31, 2021, Payable on June 4, 2021 METAWATER Co., Ltd. declares dividend of JPY 20.00 for the year ended March 31, 2021. Record date is March 31, 2021 and Effective date is June 4, 2021. Reported Earnings • Apr 29
Full year 2021 earnings released: EPS JP¥151 (vs JP¥116 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥133.4b (up 3.6% from FY 2020). Net income: JP¥6.54b (up 15% from FY 2020). Profit margin: 4.9% (up from 4.4% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 24
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 05 June 2021. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (3.3%). Higher than average of industry peers (1.2%). Reported Earnings • Feb 11
Third quarter 2021 earnings released: EPS JP¥37.49 (vs JP¥7.37 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥24.5b (up 9.2% from 3Q 2020). Net income: JP¥1.63b (up JP¥1.99b from 3Q 2020). Profit margin: 6.6% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 16% per year. Is New 90 Day High Low • Feb 11
New 90-day low: €17.10 The company is down 10.0% from its price of €19.10 on 13 November 2020. The German market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €18.48 per share. Analyst Estimate Surprise Post Earnings • Feb 11
Revenue misses expectations Revenue missed analyst estimates by 8.7%. Over the next year, revenue is forecast to grow 3.1%, compared to a 5.0% growth forecast for the Machinery industry in Germany. Reported Earnings • Jan 28
Third quarter 2021 earnings released: EPS JP¥37.49 (vs JP¥7.37 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥24.5b (up 9.2% from 3Q 2020). Net income: JP¥1.63b (up JP¥1.99b from 3Q 2020). Profit margin: 6.6% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 20% per year and the company’s share price has also increased by 20% per year. Analyst Estimate Surprise Post Earnings • Jan 28
Revenue misses expectations Revenue missed analyst estimates by 8.7%. Over the next year, revenue is forecast to grow 3.1%, compared to a 5.0% growth forecast for the Machinery industry in Germany. Reported Earnings • Nov 13
Second quarter 2021 earnings released: JP¥19.45 loss per share The company reported a solid second quarter result with reduced losses and improved revenues and control over expenses. Second quarter 2021 results: Revenue: JP¥19.8b (up 3.1% from 2Q 2020). Net loss: JP¥845.0m (loss narrowed 19% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Analyst Estimate Surprise Post Earnings • Nov 13
Revenue misses expectations Revenue missed analyst estimates by 0.06%. Over the next year, revenue is forecast to grow 3.6%, compared to a 2.4% growth forecast for the Machinery industry in Germany. Is New 90 Day High Low • Oct 30
New 90-day high: €19.50 The company is up 8.0% from its price of €18.10 on 31 July 2020. The German market is down 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €14.18 per share. Reported Earnings • Oct 30
First half earnings released Over the last 12 months the company has reported total profits of JP¥5.17b, down 3.0% from the prior year. Total revenue was JP¥128.7b over the last 12 months, up 5.6% from the prior year. Analyst Estimate Surprise Post Earnings • Oct 30
Semi-annual earnings released: Revenue misses expectations Semi-annual revenue missed analyst estimates by 0.06% at JP¥34.0b. Revenue is forecast to grow 3.6% over the next year, while the growth in Machinery industry in Germany is expected to stay flat. Announcement • Oct 29
METAWATER Co., Ltd. Announces Revised Earnings Guidance for the Full Year 2021 METAWATER Co., Ltd. announced revised earnings guidance for the full year 2021. The company now forecast net sales of ¥130,000 million against previous forecast of ¥130,000 million. Operating income of ¥10,500 million against previous forecast of ¥9,000 million. Ordinary income of ¥10,500 million against previous forecast of ¥9,000 million. Profit attributable to owners of parent of ¥6,800 million against previous forecast of ¥6,200 million. Announcement • Sep 12
METAWATER Co., Ltd. to Report Q2, 2021 Results on Oct 28, 2020 METAWATER Co., Ltd. announced that they will report Q2, 2021 results on Oct 28, 2020 Announcement • Jul 30
METAWATER Co., Ltd. (TSE:9551) acquired Wigen Water Technologies, Inc. METAWATER Co., Ltd. (TSE:9551) acquired Wigen Water Technologies, Inc on April 1, 2020. Wigen will maintain its widely recognized name as a METAWATER company. Jeff Wigen will continue to lead the organization as President and Chief Executive Officer, and the entire Wigen team will continue to serve its highly valued customers. GCA has acted as exclusive financial advisor to Metawater.
METAWATER Co., Ltd. (TSE:9551) completed the acquisition of Wigen Water Technologies, Inc on April 1, 2020. Announcement • Jun 20
METAWATER Co., Ltd. to Report Q1, 2021 Results on Jul 31, 2020 METAWATER Co., Ltd. announced that they will report Q1, 2021 results on Jul 31, 2020