Valuation Update With 7 Day Price Move • Jul 08
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €39.40, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 13x in the Machinery industry in Germany. Total returns to shareholders of 169% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €70.52 per share. Announcement • Jun 25
Fuji Corporation Announces Resignation of Makoto Iwasaki as Outside Board Member, Effective June 22, 2026 Fuji Corporation announced that Mr. Makoto Iwasaki, an Outside Board Member of the Company, resigned from his position as Director effective June 22, 2026. Announcement • Jun 03
Fuji Corporation to Report Q1, 2027 Results on Aug 03, 2026 Fuji Corporation announced that they will report Q1, 2027 results on Aug 03, 2026 Board Change • May 21
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. Outside Independent Director Chiharu Ueno was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • May 14
Fuji Corporation, Annual General Meeting, Jun 26, 2026 Fuji Corporation, Annual General Meeting, Jun 26, 2026. Announcement • May 09
Fuji Corporation to Report Fiscal Year 2026 Results on May 14, 2026 Fuji Corporation announced that they will report fiscal year 2026 results at 3:00 PM, Tokyo Standard Time on May 14, 2026 Announcement • Dec 02
Fuji Corporation to Report Q3, 2026 Results on Feb 10, 2026 Fuji Corporation announced that they will report Q3, 2026 results on Feb 10, 2026 Announcement • Sep 02
Fuji Corporation to Report Q2, 2026 Results on Nov 07, 2025 Fuji Corporation announced that they will report Q2, 2026 results at 3:30 PM, Tokyo Standard Time on Nov 07, 2025 Announcement • Jun 03
Fuji Corporation to Report Q1, 2026 Results on Aug 05, 2025 Fuji Corporation announced that they will report Q1, 2026 results at 3:30 PM, Tokyo Standard Time on Aug 05, 2025 Announcement • May 13
Fuji Corporation, Annual General Meeting, Jun 27, 2025 Fuji Corporation, Annual General Meeting, Jun 27, 2025. Announcement • Mar 21
Fuji Corporation Announces Executive Changes, Effective April 1, 2025 Fuji Corporation announced that its Board of Directors, at a meeting held on March 21, 2025, has resolved to make the following change to its senior management. Changes in senior management (effective on April 1, 2025). Newly appointed Executive Officer Katsuya Nishino. New: Executive Officer, Robotic Solutions Division Okazaki Factory Manager. Current: Senior Executive Manager, Robotic Solutions Division Okazaki Deputy Factory Manager. Announcement • Mar 01
Fuji Corporation to Report Fiscal Year 2025 Results on May 13, 2025 Fuji Corporation announced that they will report fiscal year 2025 results on May 13, 2025 Announcement • Nov 30
Fuji Corporation to Report Q3, 2025 Results on Feb 06, 2025 Fuji Corporation announced that they will report Q3, 2025 results on Feb 06, 2025 Reported Earnings • Nov 08
Second quarter 2025 earnings released: EPS: JP¥28.05 (vs JP¥19.45 in 2Q 2024) Second quarter 2025 results: EPS: JP¥28.05 (up from JP¥19.45 in 2Q 2024). Revenue: JP¥31.9b (up 8.1% from 2Q 2024). Net income: JP¥2.58b (up 40% from 2Q 2024). Profit margin: 8.1% (up from 6.3% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.9% 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 fallen by 24% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 04 December 2024. Payout ratio is on the higher end at 77%, however this is supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of German dividend payers (4.8%). In line with average of industry peers (3.6%). New Risk • Sep 12
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 6.9% 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 (6.9% average weekly change). Profit margins are more than 30% lower than last year (7.7% net profit margin). Announcement • Aug 28
Fuji Corporation to Report Q2, 2025 Results on Nov 06, 2024 Fuji Corporation announced that they will report Q2, 2025 results on Nov 06, 2024 Reported Earnings • Aug 05
First quarter 2025 earnings released: EPS: JP¥28.54 (vs JP¥35.31 in 1Q 2024) First quarter 2025 results: EPS: JP¥28.54 (down from JP¥35.31 in 1Q 2024). Revenue: JP¥31.1b (down 6.1% from 1Q 2024). Net income: JP¥2.64b (down 22% from 1Q 2024). Profit margin: 8.5% (down from 10% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Announcement • Aug 02
Fuji Corporation (TSE:6134) announces an Equity Buyback for 6,000,000 shares, representing 6.49% for ¥10,000 million. Fuji Corporation (TSE:6134) announces a share repurchase program. Under the program, the company will repurchase up to 6,000,000 shares, representing 6.49% of its issued share capital (excluding treasury stock), for ¥10,000 million. The purpose of the program is improving shareholder returns and capital efficiency. The program will run until August 4, 2025. As of June 30, 2024, the company had 92,390,694 shares in issue (excluding treasury stock) and 5,433,054 shares in treasury. Declared Dividend • Jul 11
Final dividend of JP¥40.00 announced Shareholders will receive a dividend of JP¥40.00. Ex-date: 27th September 2024 Payment date: 4th December 2024 Dividend yield will be 274%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is covered by both earnings (58% earnings payout ratio) and cash flows (48% cash payout ratio). The dividend has increased by an average of 23% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 82% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 06
Fuji Corporation to Report Q1, 2025 Results on Aug 02, 2024 Fuji Corporation announced that they will report Q1, 2025 results on Aug 02, 2024 New Risk • May 13
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: 8.2% Last year net profit margin: 13% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (8.2% net profit margin). Reported Earnings • May 13
Full year 2024 earnings released: EPS: JP¥111 (vs JP¥212 in FY 2023) Full year 2024 results: EPS: JP¥111 (down from JP¥212 in FY 2023). Revenue: JP¥127.1b (down 17% from FY 2023). Net income: JP¥10.4b (down 49% from FY 2023). Profit margin: 8.2% (down from 13% in FY 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 7.9% 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 fallen by 12% per year whereas the company’s share price has fallen by 7% per year. Announcement • May 12
Fuji Corporation, Annual General Meeting, Jun 27, 2024 Fuji Corporation, Annual General Meeting, Jun 27, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 58% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of German dividend payers (4.9%). In line with average of industry peers (3.2%). Announcement • Mar 02
Fuji Corporation to Report Fiscal Year 2024 Results on May 10, 2024 Fuji Corporation announced that they will report fiscal year 2024 results on May 10, 2024 Announcement • Feb 09
Fuji Corporation Provides Consolidated Earnings Guidance for the Year Ending March 31, 2024 Fuji Corporation provided consolidated earnings guidance for the year ending March 31, 2024. For the year, the company expects net sales of JPY 125,000 million, operating profit to be JPY 13,000 million, profit attributable to owners of parent JPY 10,200 million and profit per share to be JPY 107.51 against previous guidance of net sales of JPY 123,000 million, operating profit to be JPY 11,400 million, profit attributable to owners of parent JPY 8,500 million and profit per share to be JPY 88.95. Reported Earnings • Feb 09
Third quarter 2024 earnings released: EPS: JP¥31.67 (vs JP¥44.40 in 3Q 2023) Third quarter 2024 results: EPS: JP¥31.67 (down from JP¥44.40 in 3Q 2023). Revenue: JP¥33.1b (down 10.0% from 3Q 2023). Net income: JP¥2.96b (down 31% from 3Q 2023). Profit margin: 8.9% (down from 12% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Machinery 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 fallen by 10% per year, which means it is performing significantly worse than earnings. Announcement • Nov 29
Fuji Corporation to Report Q3, 2024 Results on Feb 07, 2024 Fuji Corporation announced that they will report Q3, 2024 results on Feb 07, 2024 Reported Earnings • Nov 04
Second quarter 2024 earnings released: EPS: JP¥19.45 (vs JP¥54.38 in 2Q 2023) Second quarter 2024 results: EPS: JP¥19.45 (down from JP¥54.38 in 2Q 2023). Revenue: JP¥29.5b (down 25% from 2Q 2023). Net income: JP¥1.85b (down 65% from 2Q 2023). Profit margin: 6.3% (down from 13% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.6% 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 increased by 2% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥40.00 per share at 3.3% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 05 December 2023. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.8%). Announcement • Aug 30
Fuji Corporation to Report Q2, 2024 Results on Nov 02, 2023 Fuji Corporation announced that they will report Q2, 2024 results on Nov 02, 2023 Reported Earnings • Aug 04
First quarter 2024 earnings released: EPS: JP¥35.31 (vs JP¥61.54 in 1Q 2023) First quarter 2024 results: EPS: JP¥35.31 (down from JP¥61.54 in 1Q 2023). Revenue: JP¥33.1b (down 16% from 1Q 2023). Net income: JP¥3.40b (down 43% from 1Q 2023). Profit margin: 10% (down from 15% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Aug 03
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 1.9%. The fair value is estimated to be €18.93, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.6% over the last 3 years. Earnings per share has grown by 10%. For the next 3 years, revenue is forecast to grow by 3.1% per annum. Earnings is also forecast to grow by 4.1% per annum over the same time period. Announcement • May 31
Fuji Corporation to Report Q1, 2024 Results on Aug 03, 2023 Fuji Corporation announced that they will report Q1, 2024 results on Aug 03, 2023 Buying Opportunity • May 26
Now 21% undervalued Over the last 90 days, the stock is up 7.0%. The fair value is estimated to be €19.34, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.6% over the last 3 years. Earnings per share has grown by 10%. For the next 3 years, revenue is forecast to grow by 3.7% per annum. Earnings is also forecast to grow by 4.2% per annum over the same time period. Reported Earnings • May 14
Full year 2023 earnings released: EPS: JP¥212 (vs JP¥220 in FY 2022) Full year 2023 results: EPS: JP¥212 (down from JP¥220 in FY 2022). Revenue: JP¥153.3b (up 3.5% from FY 2022). Net income: JP¥20.5b (down 3.5% from FY 2022). Profit margin: 13% (in line with FY 2022). Revenue is forecast to grow 3.6% 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 10% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Buying Opportunity • May 11
Now 20% undervalued Over the last 90 days, the stock is up 9.2%. The fair value is estimated to be €19.46, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.1% over the last 3 years. Earnings per share has grown by 11%. For the next 3 years, revenue is forecast to grow by 3.4% per annum. Earnings is also forecast to grow by 4.3% per annum over the same time period. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥40.00 per share at 3.7% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 35% but the company is paying out more than the cash it is generating. Trailing yield: 3.7%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.9%). Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: JP¥44.40 (vs JP¥52.23 in 3Q 2022) Third quarter 2023 results: EPS: JP¥44.40 (down from JP¥52.23 in 3Q 2022). Revenue: JP¥36.8b (flat on 3Q 2022). Net income: JP¥4.28b (down 15% from 3Q 2022). Profit margin: 12% (down from 14% in 3Q 2022). Revenue is forecast to grow 2.3% 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 11% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Dec 22
Fuji Demonstrates Its Autonomous Mobile Robot (Amr) for Moving Carts in Retail Stores Fuji Corporation used its know-how from years of experience in robotics and automation to develop a solution for automatically moving wheeled carts in retail stores. Fuji's solution can handle multiple types of existing carts that are typically used in retail stores and requires no changes to existing store layout or infrastructure. To evaluate the practicality and capability of the robot, testing began in July 2022 at selected stores of Cainz, a top home improvement center chain in Japan. Fuji robot moving carts during after-hours operation at a store in Japan. In the retail industry, goods are delivered regularly to stores from distribution centers. Various technologies are currently being developed that promise to automate this distribution, such as self-driving trucks. However, once goods arrive inside the store, there is a lot of manual labor involved in getting the goods all the way to the shelves. Retailers would like their staff to focus on activities that really add to the customer experience of shopping. This is where Fuji's solution comes in – by automating the work of moving carts to the shelves and by doing it after-hours, staff are free to improve customer experience. Once tags have been added to carts, the robot can recognize them automatically and move the goods wherever in the store they are needed. By operating in the dark after hours, productivity is improved to the maximum possible extent. Announcement • Nov 30
Fuji Corporation to Report Q3, 2023 Results on Feb 09, 2023 Fuji Corporation announced that they will report Q3, 2023 results on Feb 09, 2023 Board Change • Nov 16
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. 7 non-independent directors. Independent Outside Director Shoji Mizuno was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 09
Second quarter 2023 earnings released: EPS: JP¥54.38 (vs JP¥48.71 in 2Q 2022) Second quarter 2023 results: EPS: JP¥54.38 (up from JP¥48.71 in 2Q 2022). Revenue: JP¥39.4b (up 17% from 2Q 2022). Net income: JP¥5.25b (up 12% from 2Q 2022). Profit margin: 13% (in line with 2Q 2022). Revenue is forecast to stay flat 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 10% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 06 December 2022. Payout ratio is a comfortable 33% but the company is paying out more than the cash it is generating. Trailing yield: 4.1%. Lower than top quartile of German dividend payers (5.1%). Higher than average of industry peers (3.2%). Announcement • Aug 28
Fuji Corporation to Report Q2, 2023 Results on Nov 07, 2022 Fuji Corporation announced that they will report Q2, 2023 results on Nov 07, 2022 Reported Earnings • Aug 07
First quarter 2023 earnings released: EPS: JP¥61.54 (vs JP¥67.06 in 1Q 2022) First quarter 2023 results: EPS: JP¥61.54 (down from JP¥67.06 in 1Q 2022). Revenue: JP¥39.2b (up 1.2% from 1Q 2022). Net income: JP¥5.94b (down 8.2% from 1Q 2022). Profit margin: 15% (down from 17% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 11%, compared to a 9.5% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 10% per year. Announcement • Jun 02
Fuji Corporation to Report Q1, 2023 Results on Aug 05, 2022 Fuji Corporation announced that they will report Q1, 2023 results on Aug 05, 2022 Reported Earnings • May 16
Full year 2022 earnings released: EPS: JP¥220 (vs JP¥184 in FY 2021) Full year 2022 results: EPS: JP¥220 (up from JP¥184 in FY 2021). Revenue: JP¥148.1b (up 8.8% from FY 2021). Net income: JP¥21.2b (up 23% from FY 2021). Profit margin: 14% (up from 13% in FY 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 8.4%, compared to a 11% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of 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. 6 non-independent directors. Independent Outside Director Shoji Mizuno was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 08
Fuji Corporation to Report Fiscal Year 2022 Results on May 13, 2022 Fuji Corporation announced that they will report fiscal year 2022 results on May 13, 2022 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 30% and the cash payout ratio is 100%. Trailing yield: 3.1%. Lower than top quartile of German dividend payers (3.6%). Higher than average of industry peers (1.9%). Reported Earnings • Feb 09
Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2022 results: EPS: JP¥52.23 (up from JP¥43.85 in 3Q 2021). Revenue: JP¥36.8b (up 26% from 3Q 2021). Net income: JP¥5.04b (up 22% from 3Q 2021). Profit margin: 14% (in line with 3Q 2021). Revenue exceeded analyst estimates by 4.8%. Over the next year, revenue is forecast to grow 10%, compared to a 10% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 09
Second quarter 2022 earnings released: EPS JP¥48.71 (vs JP¥40.87 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥33.8b (up 2.9% from 2Q 2021). Net income: JP¥4.70b (up 26% from 2Q 2021). Profit margin: 14% (up from 11% in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 07 December 2021. Trailing yield: 1.3%. Lower than top quartile of German dividend payers (3.2%). Higher than average of industry peers (1.0%). Reported Earnings • Aug 08
First quarter 2022 earnings released: EPS JP¥67.06 (vs JP¥54.17 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥38.8b (up 2.5% from 1Q 2021). Net income: JP¥6.47b (up 31% from 1Q 2021). Profit margin: 17% (up from 13% in 1Q 2021). The increase in margin was primarily driven by higher revenue. 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 13% per year, which means it is well ahead of earnings. Reported Earnings • May 14
Full year 2021 earnings released: EPS JP¥184 (vs JP¥164 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¥136.2b (down 3.4% from FY 2020). Net income: JP¥17.2b (up 15% from FY 2020). Profit margin: 13% (up from 11% 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 6% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Upcoming Dividend • Mar 23
Upcoming Dividend of JP¥20.00 Per Share Will be paid on the 29th of June to those who are registered shareholders by the 30th of March. The trailing yield of 1.5% is below the top quartile of German dividend payers (3.3%), but it is higher than industry peers (1.2%). Announcement • Mar 04
Fuji Corporation to Report Fiscal Year 2021 Results on May 11, 2021 Fuji Corporation announced that they will report fiscal year 2021 results on May 11, 2021 Is New 90 Day High Low • Feb 25
New 90-day low: €19.70 The company is down 4.0% from its price of €20.60 on 26 November 2020. The German market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €11.40 per share. Reported Earnings • Feb 12
Third quarter 2021 earnings released: EPS JP¥43.85 (vs JP¥39.17 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: JP¥29.3b (down 14% from 3Q 2020). Net income: JP¥4.13b (up 15% from 3Q 2020). Profit margin: 14% (up from 10% in 3Q 2020). The increase in margin was driven by lower expenses. 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 10% per year, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Feb 12
Revenue beats expectations Revenue exceeded analyst estimates by 6.0%. Over the next year, revenue is forecast to grow 3.9%, compared to a 5.0% growth forecast for the Machinery industry in Germany. Announcement • Feb 11
American Tec Company Limited Enters Purchase Agreement with Fuji Corporation On 10 February 2021 (after trading hours), American Tec Company Limited placed the Purchase Order to the Fuji Corporation, pursuant to which American Tec Company Limited agreed to acquire the Machines at the consideration of approximately JPY 573.9 million from the Fuji Corporation. The consideration for the Acquisition is approximately JPY5 73.9 million which is payable by the Purchaser in cash after the delivery of the Machines. The expected delivery date of the Machines is 8 March 2021. Is New 90 Day High Low • Jan 22
New 90-day high: €22.80 The company is up 37% from its price of €16.70 on 23 October 2020. The German market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery 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 €15.28 per share. Is New 90 Day High Low • Jan 06
New 90-day high: €21.20 The company is up 26% from its price of €16.80 on 08 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €15.25 per share. Announcement • Dec 05
Fuji Corporation to Report Q3, 2021 Results on Feb 10, 2021 Fuji Corporation announced that they will report Q3, 2021 results on Feb 10, 2021 Is New 90 Day High Low • Nov 25
New 90-day high: €20.20 The company is up 34% from its price of €15.10 on 26 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €10.49 per share. Reported Earnings • Nov 08
Second quarter 2021 earnings released: EPS JP¥40.87 The company reported a poor second quarter result with weaker earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: JP¥32.9b (down 21% from 2Q 2020). Net income: JP¥3.73b (down 19% from 2Q 2020). Profit margin: 11% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 2% per year. Analyst Estimate Surprise Post Earnings • Nov 08
Revenue beats expectations Revenue exceeded analyst estimates by 24%. Over the next year, revenue is forecast to decline by -2.4% while the growth in Machinery industry in Germany is expected to stay flat. Is New 90 Day High Low • Oct 29
New 90-day high: €17.00 The company is up 10.0% from its price of €15.50 on 30 July 2020. The German market is down 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €13.33 per share. Announcement • Oct 04
Fuji Corporation to Report Q2, 2021 Results on Nov 12, 2020 Fuji Corporation announced that they will report Q2, 2021 results on Nov 12, 2020 Is New 90 Day High Low • Sep 22
New 90-day high: €16.40 The company is up 7.0% from its price of €15.30 on 24 June 2020. The German market is up 5.0% over the last 90 days, indicating the company outperformed over that time. However, it 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 €16.35 per share. 
