Board Change • Jul 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. 1 highly experienced director. Independent Outside Director Shigeo Igashima was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Jun 19
Fanuc Corporation to Report Q1, 2027 Results on Jul 31, 2026 Fanuc Corporation announced that they will report Q1, 2027 results on Jul 31, 2026 Announcement • Apr 24
Fanuc Corporation, Annual General Meeting, Jun 25, 2026 Fanuc Corporation, Annual General Meeting, Jun 25, 2026. Announcement • Apr 21
Fanuc Corporation to Report Fiscal Year 2026 Results on Apr 24, 2026 Fanuc Corporation announced that they will report fiscal year 2026 results on Apr 24, 2026 Announcement • Jan 27
Fanuc Corporation Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2026 Fanuc Corporation provided consolidated earnings guidance for the fiscal year ending March 31, 2026. For the full fiscal year, the company projects net sales to reach JPY 840,700 million, operating income JPY 172,900 million, net income attributable to owners of parent of JPY 158,000 million and Net income per share expected to be JPY 169.32 compared to previous guidance of net sales of JPY 818,800 million, operating income of JPY 175,900 million and net income attributable to owners of parent of JPY 157,300 million. Announcement • Dec 20
Fanuc Corporation to Report Q3, 2026 Results on Jan 26, 2026 Fanuc Corporation announced that they will report Q3, 2026 results on Jan 26, 2026 Announcement • Sep 02
Fanuc Corporation to Report Q2, 2026 Results on Oct 31, 2025 Fanuc Corporation announced that they will report Q2, 2026 results on Oct 31, 2025 Declared Dividend • Aug 18
Dividend of JP¥47.58 announced Shareholders will receive a dividend of JP¥47.58. Ex-date: 29th September 2025 Payment date: 2nd December 2025 Dividend yield will be 180%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is covered by both earnings (56% earnings payout ratio) and cash flows (43% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 16% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jul 25
Fanuc Corporation Provides Earnings Guidance for the Six Months Ending September 30, 2025 and Fiscal Year Ending March 31, 2026 Fanuc Corporation provides earnings guidance for the six months ending September 30, 2025 and fiscal year ending March 31,2026. For the six months period, the company expects
Net sales to be JPY 397,600. Operating income to be JPY 81,500. Net income attributable to owners of parent to be JPY 74,700. The net income per share to be JPY 80.05 per share.
For the year, the company expects Net sales to be JPY 807,000. Operating income to be JPY 159,500. Net income attributable to owners of parent to be JPY 143,000. The net income per share to be JPY 153.25 per share. Announcement • Jun 21
Fanuc Corporation to Report Q1, 2026 Results on Jul 25, 2025 Fanuc Corporation announced that they will report Q1, 2026 results on Jul 25, 2025 Announcement • Mar 12
Fanuc Corporation to Report Fiscal Year 2025 Results on Apr 23, 2025 Fanuc Corporation announced that they will report fiscal year 2025 results on Apr 23, 2025 Board Change • Dec 30
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Outside Director Shigeo Igashima was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Dec 10
Fanuc Corporation to Report Q3, 2025 Results on Jan 27, 2025 Fanuc Corporation announced that they will report Q3, 2025 results on Jan 27, 2025 Buy Or Sell Opportunity • Nov 14
Now 21% overvalued Over the last 90 days, the stock has fallen 1.3% to €25.14. The fair value is estimated to be €20.75, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.3% over the last 3 years. Earnings per share has declined by 4.4%. For the next 3 years, revenue is forecast to grow by 4.3% per annum. Earnings are also forecast to grow by 7.7% per annum over the same time period. Buy Or Sell Opportunity • Oct 29
Now 22% overvalued Over the last 90 days, the stock has fallen 6.4% to €24.40. The fair value is estimated to be €19.93, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.3% over the last 3 years. Earnings per share has declined by 4.4%. For the next 3 years, revenue is forecast to grow by 4.3% per annum. Earnings are also forecast to grow by 7.5% per annum over the same time period. Reported Earnings • Oct 27
Second quarter 2025 earnings released: EPS: JP¥43.75 (vs JP¥35.28 in 2Q 2024) Second quarter 2025 results: EPS: JP¥43.75 (up from JP¥35.28 in 2Q 2024). Revenue: JP¥192.9b (down 2.1% from 2Q 2024). Net income: JP¥41.1b (up 22% from 2Q 2024). Profit margin: 21% (up from 17% in 2Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.3% 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 fallen by 4% per year but the company’s share price has fallen by 12% per year, which means it is performing significantly worse than earnings. Buy Or Sell Opportunity • Sep 21
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 1.8% to €24.85. The fair value is estimated to be €20.21, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.1% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 4.4% per annum. Earnings are also forecast to grow by 8.6% per annum over the same time period. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥36.36 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 61% and the cash payout ratio is 76%. Trailing yield: 2.1%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (3.5%). Announcement • Sep 04
Fanuc Corporation to Report Q2, 2025 Results on Oct 25, 2024 Fanuc Corporation announced that they will report Q2, 2025 results on Oct 25, 2024 Buy Or Sell Opportunity • Aug 06
Now 26% overvalued Over the last 90 days, the stock has fallen 9.0% to €24.85. The fair value is estimated to be €19.80, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.1% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 4.4% per annum. Earnings are also forecast to grow by 8.3% per annum over the same time period. Reported Earnings • Jul 31
First quarter 2025 earnings released: EPS: JP¥30.46 (vs JP¥31.82 in 1Q 2024) First quarter 2025 results: EPS: JP¥30.46 (down from JP¥31.82 in 1Q 2024). Revenue: JP¥195.1b (down 3.3% from 1Q 2024). Net income: JP¥28.8b (down 5.0% from 1Q 2024). Profit margin: 15% (in line with 1Q 2024). Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 4.5% 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 12% per year, which means it is performing significantly worse than earnings. Announcement • Jun 23
Fanuc Corporation to Report Q1, 2025 Results on Jul 29, 2024 Fanuc Corporation announced that they will report Q1, 2025 results on Jul 29, 2024 Reported Earnings • Apr 25
Full year 2024 earnings released: EPS: JP¥140 (vs JP¥179 in FY 2023) Full year 2024 results: EPS: JP¥140 (down from JP¥179 in FY 2023). Revenue: JP¥795.3b (down 6.7% from FY 2023). Net income: JP¥133.2b (down 22% from FY 2023). Profit margin: 17% (down from 20% in FY 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.0% 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 6% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥35.16 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 65% but the company is paying out more than the cash it is generating. Trailing yield: 2.2%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (3.2%). Announcement • Mar 08
Fanuc Corporation to Report Fiscal Year 2024 Results on Apr 24, 2024 Fanuc Corporation announced that they will report fiscal year 2024 results on Apr 24, 2024 Reported Earnings • Jan 28
Third quarter 2024 earnings released: EPS: JP¥36.34 (vs JP¥47.75 in 3Q 2023) Third quarter 2024 results: EPS: JP¥36.34 (down from JP¥47.75 in 3Q 2023). Revenue: JP¥197.8b (down 10% from 3Q 2023). Net income: JP¥34.4b (down 25% from 3Q 2023). Profit margin: 17% (down from 21% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Jan 27
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 24% to €28.20. The fair value is estimated to be €22.88, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 23%. For the next 3 years, revenue is forecast to grow by 4.7% per annum. Earnings are also forecast to grow by 9.3% per annum over the same time period. Announcement • Nov 29
Fanuc Corporation to Report Q3, 2024 Results on Jan 26, 2024 Fanuc Corporation announced that they will report Q3, 2024 results on Jan 26, 2024 Reported Earnings • Nov 02
Second quarter 2024 earnings released: EPS: JP¥35.28 (vs JP¥44.01 in 2Q 2023) Second quarter 2024 results: EPS: JP¥35.28 (down from JP¥44.01 in 2Q 2023). Revenue: JP¥196.9b (down 3.7% from 2Q 2023). Net income: JP¥33.6b (down 20% from 2Q 2023). Profit margin: 17% (down from 21% in 2Q 2023). Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Machinery 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 13% per year, which means it is significantly lagging earnings. Announcement • Nov 01
Fanuc Corporation (TSE:6954) announces an Equity Buyback for 6,250,000 shares, representing 0.66% for ¥25,000 million. Fanuc Corporation (TSE:6954) announces a share repurchase program. Under the program, the company will repurchase 6,250,000 shares, representing 0.66% of the outstanding shares(post split-off), for ¥25,000 million. The purpose of the program is to respond to changes in the business environment and ensure flexibility and maneuverability of capital policy. The program will run until April 30, 2024. As of September 30, 2023, the company had 952,728,874 issued shares (excluding treasury stock) and 50,345,115 treasury shares. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥44.52 per share at 2.6% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 01 December 2023. Payout ratio is a comfortable 64% but the company is paying out more than the cash it is generating. Trailing yield: 2.6%. Lower than top quartile of German dividend payers (4.8%). In line with average of industry peers (2.8%). Announcement • Aug 27
Fanuc Corporation to Report Q2, 2024 Results on Oct 31, 2023 Fanuc Corporation announced that they will report Q2, 2024 results on Oct 31, 2023 Reported Earnings • Jul 30
First quarter 2024 earnings released: EPS: JP¥31.82 (vs JP¥44.00 in 1Q 2023) First quarter 2024 results: EPS: JP¥31.82 (down from JP¥44.00 in 1Q 2023). Revenue: JP¥201.8b (down 4.6% from 1Q 2023). Net income: JP¥30.3b (down 28% from 1Q 2023). Profit margin: 15% (down from 20% in 1Q 2023). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 5.4% 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 31% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • May 28
Fanuc Corporation to Report Q1, 2024 Results on Jul 28, 2023 Fanuc Corporation announced that they will report Q1, 2024 results on Jul 28, 2023 Reported Earnings • Apr 28
Full year 2023 earnings released: EPS: JP¥893 (vs JP¥162 in FY 2022) Full year 2023 results: EPS: JP¥893 (up from JP¥162 in FY 2022). Revenue: JP¥852.0b (up 16% from FY 2022). Net income: JP¥170.6b (up 9.9% from FY 2022). Profit margin: 20% (down from 21% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.5% 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 76% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Jan 29
Third quarter 2023 earnings released: EPS: JP¥239 (vs JP¥209 in 3Q 2022) Third quarter 2023 results: EPS: JP¥239 (up from JP¥209 in 3Q 2022). Revenue: JP¥220.0b (up 17% from 3Q 2022). Net income: JP¥45.6b (up 14% from 3Q 2022). Profit margin: 21% (in line with 3Q 2022). Revenue is forecast to grow 5.4% 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 35% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Nov 30
Fanuc Corporation to Report Q3, 2023 Results on Jan 27, 2023 Fanuc Corporation announced that they will report Q3, 2023 results on Jan 27, 2023 Board Change • Nov 16
High number of new directors There are 7 new directors who have joined the board in the last 3 years. Independent Outside Director Hiroto Uozumi was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 28
Second quarter 2023 earnings released: EPS: JP¥220 (vs JP¥200 in 2Q 2022) Second quarter 2023 results: EPS: JP¥220 (up from JP¥200 in 2Q 2022). Revenue: JP¥204.6b (up 23% from 2Q 2022). Net income: JP¥42.1b (up 9.7% from 2Q 2022). Profit margin: 21% (down from 23% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.8% 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 30% 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¥260 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 01 December 2022. Payout ratio is a comfortable 59% and the cash payout ratio is 95%. Trailing yield: 2.3%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (3.2%). Reported Earnings • Jul 30
First quarter 2023 earnings released: EPS: JP¥220 (vs JP¥210 in 1Q 2022) First quarter 2023 results: EPS: JP¥220 (up from JP¥210 in 1Q 2022). Revenue: JP¥211.6b (up 14% from 1Q 2022). Net income: JP¥42.1b (up 4.5% from 1Q 2022). Profit margin: 20% (down from 22% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 10%, 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 21% 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 • Apr 30
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 20%. The fair value is estimated to be €181, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.0% over the last 3 years. Earnings per share has grown by 9.3%. For the next 3 years, revenue is forecast to grow by 4.6% per annum. Earnings is also forecast to grow by 6.7% per annum over the same time period. Reported Earnings • Apr 28
Full year 2022 earnings released: EPS: JP¥809 (vs JP¥490 in FY 2021) Full year 2022 results: EPS: JP¥809 (up from JP¥490 in FY 2021). Revenue: JP¥733.0b (up 33% from FY 2021). Net income: JP¥155.3b (up 65% from FY 2021). Profit margin: 21% (up from 17% in FY 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 12%, 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 9% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Board Change • Apr 28
High number of new directors There are 7 new directors who have joined the board in the last 3 years. Independent Outside Director Masaharu Sumikawa was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jan 28
Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2022 results: EPS: JP¥209 (up from JP¥142 in 3Q 2021). Revenue: JP¥188.8b (up 30% from 3Q 2021). Net income: JP¥40.1b (up 47% from 3Q 2021). Profit margin: 21% (up from 19% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 8.2%. Over the next year, revenue is forecast to grow 8.3%, compared to a 10% growth forecast for the 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 6% per year, which means it is well ahead of earnings. Reported Earnings • Oct 28
Second quarter 2022 earnings released: EPS JP¥200 (vs JP¥99.16 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥166.2b (up 37% from 2Q 2021). Net income: JP¥38.4b (up 102% from 2Q 2021). Profit margin: 23% (up from 16% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥231 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 01 December 2021. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (3.2%). Higher than average of industry peers (1.0%). Reported Earnings • Jul 30
First quarter 2022 earnings released: EPS JP¥210 (vs JP¥47.39 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥185.3b (up 70% from 1Q 2021). Net income: JP¥40.3b (up 343% from 1Q 2021). Profit margin: 22% (up from 8.3% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Reported Earnings • Apr 29
Full year 2021 earnings released: EPS JP¥490 (vs JP¥382 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥551.3b (up 8.5% from FY 2020). Net income: JP¥94.0b (up 28% from FY 2020). Profit margin: 17% (up from 14% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Feb 16
New 90-day high: €227 The company is up 13% from its price of €201 on 18 November 2020. The German market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €96.24 per share. Reported Earnings • Feb 11
Third quarter 2021 earnings released: EPS JP¥142 (vs JP¥85.13 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥144.8b (up 15% from 3Q 2020). Net income: JP¥27.2b (up 67% from 3Q 2020). Profit margin: 19% (up from 13% 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 39% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Feb 11
Revenue beats expectations Revenue exceeded analyst estimates by 13%. Over the next year, revenue is forecast to grow 20%, compared to a 5.0% growth forecast for the Machinery industry in Germany. Reported Earnings • Jan 28
Third quarter 2021 earnings released: EPS JP¥142 (vs JP¥85.13 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥144.8b (up 15% from 3Q 2020). Net income: JP¥27.2b (up 67% from 3Q 2020). Profit margin: 19% (up from 13% 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 39% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Jan 28
Revenue beats expectations Revenue exceeded analyst estimates by 13%. Over the next year, revenue is forecast to grow 19%, compared to a 5.0% growth forecast for the Machinery industry in Germany. Is New 90 Day High Low • Jan 27
New 90-day high: €224 The company is up 24% from its price of €180 on 29 October 2020. The German market is up 21% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €81.66 per share. Is New 90 Day High Low • Jan 11
New 90-day high: €213 The company is up 27% from its price of €167 on 13 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 €79.59 per share. Analyst Estimate Surprise Post Earnings • Nov 11
Revenue beats expectations Revenue exceeded analyst estimates by 4.2%. Over the next year, revenue is forecast to grow 14% while the growth in Machinery industry in Germany is expected to stay flat. Is New 90 Day High Low • Nov 11
New 90-day high: €190 The company is up 26% from its price of €151 on 12 August 2020. The German market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €70.48 per share. Reported Earnings • Nov 11
Second quarter 2021 earnings released: EPS JP¥99.16 The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: JP¥121.2b (down 4.1% from 2Q 2020). Net income: JP¥19.0b (up 13% from 2Q 2020). Profit margin: 16% (up from 13% 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 33% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 01
First half earnings released Over the last 12 months the company has reported total profits of JP¥61.3b, down 45% from the prior year. Total revenue was JP¥477.7b over the last 12 months, down 13% 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 4.2% at JP¥230.4b. Revenue is forecast to grow 12% over the next year, while the growth in Machinery industry in Germany is expected to stay flat. Is New 90 Day High Low • Oct 21
New 90-day high: €170 The company is up 2.0% from its price of €167 on 23 July 2020. The German market is down 2.0% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Machinery industry, which is also up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €67.23 per share. 
