Buy Or Sell Opportunity • Jun 25
Now 24% undervalued Over the last 90 days, the stock has risen 5.4% to €8.85. The fair value is estimated to be €11.67, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to decline by 1.6% per annum. Earnings are forecast to grow by 8.3% per annum over the same time period. Buy Or Sell Opportunity • Jun 01
Now 22% undervalued Over the last 90 days, the stock has risen 8.4% to €10.10. The fair value is estimated to be €12.90, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to decline by 1.6% per annum. Earnings are forecast to grow by 8.3% per annum over the same time period. Announcement • May 13
Hanwa Co., Ltd. (TSE:8078) announces an Equity Buyback for 4,000,000 shares, representing 2.06% for ¥5,000 million. Hanwa Co., Ltd. (TSE:8078) announces a share repurchase program. Under the program, the company will repurchase 4,000,000 shares, representing 2.06% of its share capital, for ¥5,000 million. The purpose of program is to return profits to promote return to shareholders and improve capital efficiency. The program will run until o December 31, 2026. As of March 31, 2026, the company had 194,518,680 shares issued and 17,144,520 shares in treasury. Announcement • May 12
Hanwa Co., Ltd., Annual General Meeting, Jun 26, 2026 Hanwa Co., Ltd., Annual General Meeting, Jun 26, 2026. Announcement • Feb 19
Hanwa Co., Ltd. (TSE:8078) acquired Marui Sato Kaisan Co.,Ltd. Hanwa Co., Ltd. (TSE:8078) acquired Marui Sato Kaisan Co.,Ltd. on February 19, 2026.
Hanwa Co., Ltd. (TSE:8078) completed the acquisition of Marui Sato Kaisan Co.,Ltd. on February 19, 2026. Announcement • Jan 27
Hanwa Co., Ltd. Announces Board Changes, Effective March 31, 2026 Hanwa Co., Ltd. announced that the Board of Directors of Hanwa, held on January 27, 2026, resolved to change Representative Director as follows: Reason for Change: In order to change management structure. Retirement of Representative Director: Hiromasa Yamamoto: Currently, Representative Director, Executive Vice President. Hiromasa Yamamoto will become a Director, Executive Vice President without representation right on April 1, 2026. Scheduled Date of Change: March 31, 2026. Announcement • Nov 07
Hanwa Co., Ltd. (TSE:8078) announces an Equity Buyback for 1,000,000 shares, representing 2.52% for ¥5,000 million. Hanwa Co., Ltd. (TSE:8078) announces a share repurchase program. Under the program, the company will repurchase 1,000,000 shares, representing 2.52% of its share capital, for ¥5,000 million. The purpose of program is to return profits to promote return to shareholders and improve capital efficiency. The program will run until September 30, 2026. As of September 30, 2025, the company had 39,695,234 shares issued and 2,637,406 shares in treasury. Announcement • May 10
Hanwa Co., Ltd. (TSE:8078) announces an Equity Buyback for 1,250,000 shares, representing 3.1% for ¥5,000 million. Hanwa Co., Ltd. (TSE:8078) announces a share repurchase program. Under the program, the company will repurchase 1,250,000 shares, representing 3.1% of its share capital, for ¥5,000 million. The purpose of program is to return profits to promote return to shareholders and improve capital efficiency. The program will run until March 31, 2026. As of March 31, 2025, the company had 40,382,736 shares issued and 1,949,904 shares in treasury. Announcement • May 09
Hanwa Co., Ltd., Annual General Meeting, Jun 26, 2025 Hanwa Co., Ltd., Annual General Meeting, Jun 26, 2025. Announcement • Apr 17
Hanwa Co., Ltd. (TSE:8078) completed the acquisition of an unknown minority stake in Kinoshiro Taisetsu, K.K. Hanwa Co., Ltd. (TSE:8078) acquired an unknown minority stake in Kinoshiro Taisetsu, K.K. on April 16, 2025.
Hanwa Co., Ltd. (TSE:8078) completed the acquisition of an unknown minority stake in Kinoshiro Taisetsu, K.K. on April 16, 2025. Announcement • Feb 28
Hanwa Co., Ltd. to Report Fiscal Year 2025 Results on May 09, 2025 Hanwa Co., Ltd. announced that they will report fiscal year 2025 results on May 09, 2025 Reported Earnings • Nov 10
Second quarter 2025 earnings released: EPS: JP¥272 (vs JP¥187 in 2Q 2024) Second quarter 2025 results: EPS: JP¥272 (up from JP¥187 in 2Q 2024). Revenue: JP¥640.2b (up 8.0% from 2Q 2024). Net income: JP¥11.0b (up 45% from 2Q 2024). Profit margin: 1.7% (up from 1.3% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 4.0% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥105 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 21% and the cash payout ratio is 78%. Trailing yield: 4.2%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.1%). Reported Earnings • Aug 12
First quarter 2025 earnings released: EPS: JP¥228 (vs JP¥283 in 1Q 2024) First quarter 2025 results: EPS: JP¥228 (down from JP¥283 in 1Q 2024). Revenue: JP¥618.5b (up 1.6% from 1Q 2024). Net income: JP¥9.21b (down 20% from 1Q 2024). Profit margin: 1.5% (down from 1.9% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Trade Distributors industry in Europe. 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 5% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to €27.40, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 16x in the Trade Distributors industry in Europe. Total returns to shareholders of 15% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €44.62 per share. Declared Dividend • Jul 11
Final dividend of JP¥105 announced Shareholders will receive a dividend of JP¥105. Ex-date: 27th September 2024 Payment date: 2nd December 2024 Dividend yield will be 322%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (18% earnings payout ratio) but not adequately covered by cash flows (99% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 7.2% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • May 27
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 15% to €37.80. The fair value is estimated to be €31.18, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 9.2%. For the next 3 years, revenue is forecast to grow by 2.8% per annum. Earnings are also forecast to grow by 2.4% per annum over the same time period. New Risk • May 16
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 5.0% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (5.0% operating cash flow to total debt). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • May 13
Full year 2024 earnings released: EPS: JP¥945 (vs JP¥1,267 in FY 2023) Full year 2024 results: EPS: JP¥945 (down from JP¥1,267 in FY 2023). Revenue: JP¥2.43t (down 8.9% from FY 2023). Net income: JP¥38.4b (down 25% from FY 2023). Profit margin: 1.6% (down from 1.9% in FY 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 12
Hanwa Co., Ltd. (TSE:8078) announces an Equity Buyback for 400,000 shares, representing 0.98% for ¥2,000 million. Hanwa Co., Ltd. (TSE:8078) announces a share repurchase program. Under the program, the company will repurchase 400,000 shares, representing 0.98% of its share capital, for ¥2,000 million. The purpose of program is to return profits to shareholders and improve capital efficiency. The program will run until June 19, 2024. As of March 31, 2024, the company had 40,668,229 shares issued and 1,664,411 shares in treasury. Announcement • May 11
Hanwa Co., Ltd. Resolves to Pay Dividends for Fiscal Year 2023 Hanwa Co., Ltd. announced that the Board of Directors meeting held on May 10, 2024 resolved to pay dividends with a record date of March 31, 2024. For Fiscal Year 2023, comprehensively considering the business results and financial condition, company will pay the year- end dividend of JPY 100 per share, increasing of JPY 15 from the latest dividend forecasts. Combined with the interim dividend of JPY 85 per share already paid, the annual dividend per share will be JPY 185. This resolution is subject to approval at the 77th Ordinary General Meeting of Shareholders, scheduled to beheld on June 26, 2024. Buy Or Sell Opportunity • May 11
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 8.3% to €36.60. The fair value is estimated to be €30.20, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 2.3% per annum. Earnings are also forecast to grow by 2.8% per annum over the same time period. Announcement • Apr 01
Hanwa Co., Ltd., Annual General Meeting, Jun 26, 2024 Hanwa Co., Ltd., Annual General Meeting, Jun 26, 2024, at 10:00 Tokyo Standard Time. Location: HK YodoyabashiGarden Avenue Bldg., 4-3-9 Fushimi-machi Chuo-Ku Osaka Japan Upcoming Dividend • Mar 21
Upcoming dividend of JP¥85.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 26 June 2024. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of German dividend payers (4.9%). In line with average of industry peers (2.7%). Announcement • Mar 02
Hanwa Co., Ltd. to Report Fiscal Year 2024 Results on May 10, 2024 Hanwa Co., Ltd. announced that they will report fiscal year 2024 results on May 10, 2024 Announcement • Feb 27
Hanwa Co., Ltd. (TSE:8078) agreed to acquire unknown stake in Shinx Co., Ltd. from Buyout Fund No.1, managed by Mercuria Investment Co., Ltd. Hanwa Co., Ltd. (TSE:8078) agreed to acquire unknown stake in Shinx Co., Ltd. from Buyout Fund No.1, managed by Mercuria Investment Co., Ltd. on February 26, 2024. Reported Earnings • Feb 11
Third quarter 2024 earnings released: EPS: JP¥287 (vs JP¥190 in 3Q 2023) Third quarter 2024 results: EPS: JP¥287 (up from JP¥190 in 3Q 2023). Revenue: JP¥625.4b (down 8.6% from 3Q 2023). Net income: JP¥11.7b (up 51% from 3Q 2023). Profit margin: 1.9% (up from 1.1% in 3Q 2023). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Announcement • Jan 26
Hanwa Co., Ltd. Announces Executive Changes Hanwa Co., Ltd. announced that the Board of Directors of Hanwa, held on January 26, 2024, resolved to change Representative Director as follows: Reason of Change: In order to change management structure. Retirement of representative director: Yasumichi Kato Currently, Representative Director and Chairman . Yasumichi Kato will become a Director and Chairman without representation right on April 1, 2024. Scheduled date of Change is March 31, 2024. Reported Earnings • Nov 09
Second quarter 2024 earnings released: EPS: JP¥187 (vs JP¥327 in 2Q 2023) Second quarter 2024 results: EPS: JP¥187 (down from JP¥327 in 2Q 2023). Revenue: JP¥592.5b (down 12% from 2Q 2023). Net income: JP¥7.58b (down 43% from 2Q 2023). Profit margin: 1.3% (down from 2.0% in 2Q 2023). Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥85.00 per share at 3.4% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 04 December 2023. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.7%). New Risk • Aug 09
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 24% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks High level of debt (101% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.5% net profit margin). Reported Earnings • Aug 09
First quarter 2024 earnings released: EPS: JP¥283 (vs JP¥589 in 1Q 2023) First quarter 2024 results: EPS: JP¥283 (down from JP¥589 in 1Q 2023). Revenue: JP¥608.7b (down 8.5% from 1Q 2023). Net income: JP¥11.5b (down 52% from 1Q 2023). Profit margin: 1.9% (down from 3.6% in 1Q 2023). Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 15
Full year 2023 earnings released: EPS: JP¥1,267 (vs JP¥1,073 in FY 2022) Full year 2023 results: EPS: JP¥1,267 (up from JP¥1,073 in FY 2022). Revenue: JP¥2.67t (up 23% from FY 2022). Net income: JP¥51.5b (up 18% from FY 2022). Profit margin: 1.9% (down from 2.0% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 4.3% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Announcement • May 12
Hanwa Co., Ltd. Announces Dividends for the Year Ended March 31, 2023, Payable on June 26, 2023 Hanwa Co., Ltd. announced that the Board of Directors meeting held on May 12, 2023 resolved to pay dividends of JPY 80.00 with a record date of March 31, 2023, effective on June 26, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥50.00 per share at 2.7% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 27 June 2023. Payout ratio is a comfortable 3.7% but the company is not cash flow positive. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (4.7%). In line with average of industry peers (2.9%). Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: JP¥190 (vs JP¥300 in 3Q 2022) Third quarter 2023 results: EPS: JP¥190 (down from JP¥300 in 3Q 2022). Revenue: JP¥684.5b (up 22% from 3Q 2022). Net income: JP¥7.74b (down 37% from 3Q 2022). Profit margin: 1.1% (down from 2.2% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 3.9% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Jan 27
Hanwa Co., Ltd. Announces Change of Directors Hanwa Co., Ltd. (Hanwa) announced that the Board of Directors of Hanwa, at its meeting held on January 26, 2023, resolved to change Representative Directors. The company has appointed Hironari Furukawa as Director, Current Position Representative Director and Chairman. Yasumichi Kato is appointed as Representative Director and Chairman. Current Position was Representative Director and Vice Chairman. Mr. Hironari Furukawa is scheduled to retire from his position of Director upon the end of his term after the 76th General Shareholders Meeting in June, 2023 and assume the position of Advisor. Announcement • Dec 15
Hanwa Co., Ltd. (TSE:8078) agreed to acquire a 90.2% stake in Tanaka Steel Trading Co., Ltd from Tanaka Tokuemon Pipe Shoten Co., Ltd. Hanwa Co., Ltd. (TSE:8078) agreed to acquire a 90.2% stake in Tanaka Steel Trading Co., Ltd from Tanaka Tokuemon Pipe Shoten Co., Ltd. on December 12, 2022. The transaction is expected to close on December 20, 2022. Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: JP¥327 (vs JP¥283 in 2Q 2022) Second quarter 2023 results: EPS: JP¥327 (up from JP¥283 in 2Q 2022). Revenue: JP¥673.4b (up 28% from 2Q 2022). Net income: JP¥13.3b (up 15% from 2Q 2022). Profit margin: 2.0% (down from 2.2% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 2.9% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 82% 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 • Nov 12
Second quarter 2023 earnings released: EPS: JP¥327 (vs JP¥283 in 2Q 2022) Second quarter 2023 results: EPS: JP¥327 (up from JP¥283 in 2Q 2022). Revenue: JP¥673.4b (up 28% from 2Q 2022). Net income: JP¥13.3b (up 15% from 2Q 2022). Profit margin: 2.0% (down from 2.2% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 3.0% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 82% 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¥50.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 02 December 2022. Payout ratio is a comfortable 7.0% but the company is not cash flow positive. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (5.1%). In line with average of industry peers (2.8%). Reported Earnings • Aug 13
First quarter 2023 earnings released: EPS: JP¥589 (vs JP¥234 in 1Q 2022) First quarter 2023 results: EPS: JP¥589 (up from JP¥234 in 1Q 2022). Revenue: JP¥665.6b (up 47% from 1Q 2022). Net income: JP¥23.9b (up 152% from 1Q 2022). Profit margin: 3.6% (up from 2.1% in 1Q 2022). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 2.7%, compared to a 9.3% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 15
Full year 2022 earnings released: EPS: JP¥1,073 (vs JP¥483 in FY 2021) Full year 2022 results: EPS: JP¥1,073 (up from JP¥483 in FY 2021). Revenue: JP¥2.16t (up 24% from FY 2021). Net income: JP¥43.6b (up 122% from FY 2021). Profit margin: 2.0% (up from 1.1% in FY 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 3.2%, compared to a 9.1% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Apr 26
Hanwa Co., Ltd. to Report Q1, 2022 Results on Apr 29, 2022 Hanwa Co., Ltd. announced that they will report Q1, 2022 results on Apr 29, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥50.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 24 June 2022. Payout ratio is a comfortable 8.0% but the company is not cash flow positive. Trailing yield: 3.0%. Lower than top quartile of German dividend payers (3.6%). Higher than average of industry peers (2.4%). Reported Earnings • Feb 11
Third quarter 2022 earnings: EPS in line with expectations, revenues disappoint Third quarter 2022 results: EPS: JP¥300 (up from JP¥133 in 3Q 2021). Revenue: JP¥560.7b (up 26% from 3Q 2021). Net income: JP¥12.2b (up 125% from 3Q 2021). Profit margin: 2.2% (up from 1.2% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.3%. Over the next year, revenue is forecast to grow 2.1%, compared to a 8.6% growth forecast for the 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 only increased by 2% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Jan 24
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 6.3%. The fair value is estimated to be JP¥30.01, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.9% per annum over the last 3 years. The company has become profitable over the last year. Reported Earnings • Nov 11
Second quarter 2022 earnings released: EPS JP¥283 (vs JP¥114 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥527.7b (up 24% from 2Q 2021). Net income: JP¥11.5b (up 147% from 2Q 2021). Profit margin: 2.2% (up from 1.1% in 2Q 2021). The increase in margin was driven by higher revenue. 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: 01 December 2021. Trailing yield: 1.7%. Lower than top quartile of German dividend payers (3.2%). Higher than average of industry peers (1.2%). Valuation Update With 7 Day Price Move • Sep 14
Investor sentiment improved over the past week After last week's 17% share price gain to €28.40, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 20x in the Trade Distributors industry in Europe. Total returns to shareholders of 66% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €30.03 per share. Reported Earnings • Aug 11
First quarter 2022 earnings released: EPS JP¥234 (vs JP¥54.41 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥452.6b (up 21% from 1Q 2021). Net income: JP¥9.49b (up 329% from 1Q 2021). Profit margin: 2.1% (up from 0.6% in 1Q 2021). The increase in margin was driven by higher revenue. Reported Earnings • May 14
Full year 2021 earnings released: EPS JP¥483 (vs JP¥336 loss in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥1.75t (down 8.5% from FY 2020). Net income: JP¥19.6b (up JP¥33.3b from FY 2020). Profit margin: 1.1% (up from net loss in FY 2020). The move to profitability was driven by lower expenses. Upcoming Dividend • Mar 24
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 25 June 2021. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (3.3%). In line with average of industry peers (1.4%). Is New 90 Day High Low • Mar 09
New 90-day high: €23.40 The company is up 15% from its price of €20.40 on 09 December 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Trade Distributors 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 €8.48 per share. Announcement • Mar 04
Hanwa Co., Ltd. to Report Fiscal Year 2021 Results on May 12, 2021 Hanwa Co., Ltd. announced that they will report fiscal year 2021 results on May 12, 2021 Analyst Estimate Surprise Post Earnings • Feb 14
Revenue beats expectations Revenue exceeded analyst estimates by 0.004%. Over the next year, revenue is forecast to grow 8.9%, compared to a 5.0% growth forecast for the Trade Distributors industry in Germany. Reported Earnings • Feb 14
Third quarter 2021 earnings released: EPS JP¥133 (vs JP¥117 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¥443.9b (down 7.0% from 3Q 2020). Net income: JP¥5.41b (up 13% from 3Q 2020). Profit margin: 1.2% (up from 1.0% in 3Q 2020). Is New 90 Day High Low • Jan 09
New 90-day high: €23.20 The company is up 37% from its price of €16.90 on 09 October 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Trade Distributors industry, which is up 23% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €11.92 per share. Is New 90 Day High Low • Dec 05
New 90-day high: €20.20 The company is up 23% from its price of €16.40 on 04 September 2020. The German market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Trade Distributors industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €7.12 per share. Reported Earnings • Nov 11
Second quarter 2021 earnings released: EPS JP¥114 The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: JP¥425.4b (down 10% from 2Q 2020). Net income: JP¥4.65b (up 357% from 2Q 2020). Profit margin: 1.1% (up from 0.2% in 2Q 2020). The increase in margin was driven by lower expenses. Is New 90 Day High Low • Nov 10
New 90-day high: €19.60 The company is up 15% from its price of €17.10 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 Trade Distributors 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 €7.34 per share. Announcement • Oct 02
Hanwa Co., Ltd. (TSE:8078) acquired remaining 90% stake of Tekken Industry Company. Hanwa Co., Ltd. (TSE:8078) acquired remaining 90% stake of Tekken Industry Company on October 1, 2020. As a result of the transaction, Hanwa acquired all the shares and grouped with existing shares.
Hanwa Co., Ltd. (TSE:8078) completed the acquisition of remaining 90% stake of Tekken Industry Company on October 1, 2020.