Announcement • Jun 03
Aichi Steel Corporation to Report Q1, 2027 Results on Jul 31, 2026 Aichi Steel Corporation announced that they will report Q1, 2027 results on Jul 31, 2026 Board Change • May 20
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 5 new directors. 2 experienced directors. 3 highly experienced directors. 2 independent directors (4 non-independent directors). Chairman Takahiro Fujioka is the most experienced director on the board, commencing their role in 2011. Advisor & Independent Outside Director Yuko Arai was the last independent director to join the board, commencing their role in 2016. 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. Announcement • Apr 29
Aichi Steel Corporation, Annual General Meeting, Jun 16, 2026 Aichi Steel Corporation, Annual General Meeting, Jun 16, 2026. Announcement • Apr 21
Aichi Steel Corporation to Report Fiscal Year 2026 Results on Apr 28, 2026 Aichi Steel Corporation announced that they will report fiscal year 2026 results on Apr 28, 2026 Announcement • Nov 29
Aichi Steel Corporation to Report Q3, 2026 Results on Feb 03, 2026 Aichi Steel Corporation announced that they will report Q3, 2026 results on Feb 03, 2026 Announcement • Sep 03
Aichi Steel Corporation to Report Q2, 2026 Results on Oct 31, 2025 Aichi Steel Corporation announced that they will report Q2, 2026 results on Oct 31, 2025 Announcement • Jun 03
Aichi Steel Corporation to Report Q1, 2026 Results on Jul 31, 2025 Aichi Steel Corporation announced that they will report Q1, 2026 results on Jul 31, 2025 Announcement • May 17
Aichi Steel Corporation (TSE:5482) announces an Equity Buyback for 3,100,000 shares, representing 16.23% for ¥26,257 million. Aichi Steel Corporation (TSE:5482) announces a share repurchase program. Under the program, the company will repurchase up to 3,100,000 shares, representing 16.23% of its issued share capital, for ¥26,257 million. The shares will be repurchased at a purchase price of ¥8,470 per share. The purpose of the program is to enhance shareholder returns and improve capital efficiency. As of April 30, 2025, the company has 19,101,123 issued shares (excluding treasury stock) and 8,064 shares in treasury. Announcement • Mar 07
Aichi Steel Corporation to Report Fiscal Year 2025 Results on Apr 25, 2025 Aichi Steel Corporation announced that they will report fiscal year 2025 results on Apr 25, 2025 Announcement • Feb 28
Aichi Steel Corporation (TSE:5482) announces an Equity Buyback for 650,000 shares, representing 3.29% for ¥4,394 million. Aichi Steel Corporation (TSE:5482) announces a share repurchase program. Under the program, the company will repurchase up to 650,000 shares, representing 3.29% of its issued share capital, for ¥4,394 million. The shares will be repurchased at a purchase price of ¥6,760 per share. The purpose of the program is to enhance shareholder returns and improve capital efficiency. As of January 31, 2025, the company has 19,751,288 issued shares (excluding treasury stock) and 135,387 shares in treasury. Announcement • Dec 03
Aichi Steel Corporation to Report Q3, 2025 Results on Jan 31, 2025 Aichi Steel Corporation announced that they will report Q3, 2025 results on Jan 31, 2025 New Risk • Nov 01
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 22% 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: Major Risk Earnings have declined by 7.0% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥35.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 27 November 2024. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (4.3%). Announcement • Aug 27
Aichi Steel Corporation to Report Q2, 2025 Results on Oct 31, 2024 Aichi Steel Corporation announced that they will report Q2, 2025 results on Oct 31, 2024 Buy Or Sell Opportunity • Aug 06
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 19% to €17.00. The fair value is estimated to be €21.57, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.2% over the last 3 years. Earnings per share has grown by 22%. Reported Earnings • Aug 02
First quarter 2025 earnings released: EPS: JP¥56.83 (vs JP¥115 in 1Q 2024) First quarter 2025 results: EPS: JP¥56.83 (down from JP¥115 in 1Q 2024). Revenue: JP¥71.9b (down 2.5% from 1Q 2024). Net income: JP¥1.12b (down 51% from 1Q 2024). Profit margin: 1.6% (down from 3.1% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Declared Dividend • Jul 11
Final dividend of JP¥35.00 announced Shareholders will receive a dividend of JP¥35.00. Ex-date: 27th September 2024 Payment date: 27th November 2024 Dividend yield will be 182%, which is higher than the industry average of 4.8%. Sustainability & Growth Dividend is well covered by both earnings (8% earnings payout ratio) and cash flows (9% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend. Announcement • Jun 13
Aichi Steel Corporation to Report Q1, 2025 Results on Jul 31, 2024 Aichi Steel Corporation announced that they will report Q1, 2025 results on Jul 31, 2024 Reported Earnings • Apr 29
Full year 2024 earnings released: EPS: JP¥334 (vs JP¥81.64 in FY 2023) Full year 2024 results: EPS: JP¥334 (up from JP¥81.64 in FY 2023). Revenue: JP¥296.5b (up 4.0% from FY 2023). Net income: JP¥6.59b (up 310% from FY 2023). Profit margin: 2.2% (up from 0.6% in FY 2023). The increase in margin was driven by higher revenue. 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: 03 June 2024. Payout ratio is a comfortable 7.9% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (4.3%). Announcement • Mar 02
Aichi Steel Corporation to Report Q4, 2024 Results on Apr 26, 2024 Aichi Steel Corporation announced that they will report Q4, 2024 results on Apr 26, 2024 Reported Earnings • Feb 04
Third quarter 2024 earnings released: EPS: JP¥145 (vs JP¥0.46 loss in 3Q 2023) Third quarter 2024 results: EPS: JP¥145 (up from JP¥0.46 loss in 3Q 2023). Revenue: JP¥77.7b (up 11% from 3Q 2023). Net income: JP¥2.86b (up JP¥2.87b from 3Q 2023). Profit margin: 3.7% (up from 0% in 3Q 2023). The increase in margin was driven by higher revenue. Announcement • Feb 02
Aichi Steel Corporation Provides Earnings Guidance for the Fiscal Year Ending March 31, 2024 Aichi Steel Corporation provided earnings guidance for the fiscal year ending March 31, 2024. For the year, the company expects to report revenue of JPY 300,000 million, operating profit of JPY 8,700 million, profit attributable to owners of the parent of JPY 5,200 million, and basic earnings per share of JPY 263.50. Announcement • Nov 27
Aichi Steel Corporation to Report Q3, 2024 Results on Feb 02, 2024 Aichi Steel Corporation announced that they will report Q3, 2024 results on Feb 02, 2024 Reported Earnings • Nov 02
Second quarter 2024 earnings released: EPS: JP¥49.49 (vs JP¥39.09 in 2Q 2023) Second quarter 2024 results: EPS: JP¥49.49 (up from JP¥39.09 in 2Q 2023). Revenue: JP¥75.5b (up 3.5% from 2Q 2023). Net income: JP¥977.0m (up 27% from 2Q 2023). Profit margin: 1.3% (up from 1.1% in 2Q 2023). The increase in margin was driven by higher revenue. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥40.00 per share at 1.9% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 28 November 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 1.9%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (8.5%). Valuation Update With 7 Day Price Move • Sep 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €26.40, the stock trades at a trailing P/E ratio of 18.7x. Average trailing P/E is 12x in the Metals and Mining industry in Germany. Total returns to shareholders of 86% over the past year. Announcement • Aug 27
Aichi Steel Corporation to Report Q2, 2024 Results on Oct 31, 2023 Aichi Steel Corporation announced that they will report Q2, 2024 results on Oct 31, 2023 Reported Earnings • Jul 30
First quarter 2024 earnings released: EPS: JP¥115 (vs JP¥27.75 loss in 1Q 2023) First quarter 2024 results: EPS: JP¥115 (up from JP¥27.75 loss in 1Q 2023). Revenue: JP¥73.8b (up 10% from 1Q 2023). Net income: JP¥2.28b (up JP¥2.82b from 1Q 2023). Profit margin: 3.1% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Reported Earnings • Jun 28
Full year 2023 earnings released: EPS: JP¥81.64 (vs JP¥55.26 in FY 2022) Full year 2023 results: EPS: JP¥81.64 (up from JP¥55.26 in FY 2022). Revenue: JP¥285.1b (up 9.6% from FY 2022). Net income: JP¥1.61b (up 48% from FY 2022). Profit margin: 0.6% (up from 0.4% in FY 2022). The increase in margin was driven by higher revenue. Announcement • Jun 03
Aichi Steel Corporation to Report Q1, 2024 Results on Jul 28, 2023 Aichi Steel Corporation announced that they will report Q1, 2024 results on Jul 28, 2023 Reported Earnings • Apr 30
Full year 2023 earnings released: EPS: JP¥81.63 (vs JP¥55.26 in FY 2022) Full year 2023 results: EPS: JP¥81.63 (up from JP¥55.26 in FY 2022). Revenue: JP¥285.1b (up 9.6% from FY 2022). Net income: JP¥1.61b (up 48% from FY 2022). Profit margin: 0.6% (up from 0.4% in FY 2022). The increase in margin was driven by higher revenue. Reported Earnings • Feb 05
Third quarter 2023 earnings released: JP¥0.51 loss per share (vs JP¥2.99 loss in 3Q 2022) Third quarter 2023 results: JP¥0.51 loss per share (improved from JP¥2.99 loss in 3Q 2022). Revenue: JP¥69.9b (up 3.4% from 3Q 2022). Net loss: JP¥10.0m (loss narrowed 83% from 3Q 2022). Profit margin: 0% (up from net loss in 3Q 2022). The move to profitability was driven by higher revenue. Announcement • Feb 03
Aichi Steel Corporation Announces Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2023 Aichi Steel Corporation announced consolidated earnings guidance for the fiscal year ending March 31, 2023. For the fiscal year ending March 31, 2023, the company expects to report revenue of JPY 284,000 million. Announcement • Dec 01
Aichi Steel Corporation to Report Q3, 2023 Results on Feb 03, 2023 Aichi Steel Corporation announced that they will report Q3, 2023 results on Feb 03, 2023 Reported Earnings • Nov 18
Second quarter 2023 earnings released: EPS: JP¥39.09 (vs JP¥0.76 in 2Q 2022) Second quarter 2023 results: EPS: JP¥39.09 (up from JP¥0.76 in 2Q 2022). Revenue: JP¥73.0b (up 19% from 2Q 2022). Net income: JP¥771.0m (up JP¥756.0m from 2Q 2022). Profit margin: 1.1% (up from 0% in 2Q 2022). Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Managing Executive Officer, GM of R&D Headquarters and Director Ichie Nomura was the last director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 30
Second quarter 2023 earnings released: EPS: JP¥39.04 (vs JP¥0.76 in 2Q 2022) Second quarter 2023 results: EPS: JP¥39.04 (up from JP¥0.76 in 2Q 2022). Revenue: JP¥73.0b (up 19% from 2Q 2022). Net income: JP¥770.0m (up JP¥755.0m from 2Q 2022). Profit margin: 1.1% (up from 0% in 2Q 2022). Announcement • Oct 28
Aichi Steel Corporation Revises Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2023 Aichi Steel Corporation revised consolidated earnings guidance for the fiscal year ending March 31, 2023. For the fiscal year ending March 31, 2023, the company expects to report revenue of JPY 299,000 million, operating profit of JPY 3,000 million, profit before tax of JPY 4,000 million, profit attributable to owners of the parent of JPY 1,900 million, and basic earnings per share of JPY 96.31. Announcement • Sep 01
Aichi Steel Corporation to Report Q2, 2023 Results on Oct 28, 2022 Aichi Steel Corporation announced that they will report Q2, 2023 results on Oct 28, 2022 Reported Earnings • Jul 31
First quarter 2023 earnings released: JP¥27.75 loss per share (vs JP¥60.66 profit in 1Q 2022) First quarter 2023 results: JP¥27.75 loss per share (down from JP¥60.66 profit in 1Q 2022). Revenue: JP¥66.9b (up 8.6% from 1Q 2022). Net loss: JP¥547.0m (down 146% from profit in 1Q 2022). Announcement • Jun 01
Aichi Steel Corporation to Report Q1, 2023 Results on Jul 29, 2022 Aichi Steel Corporation announced that they will report Q1, 2023 results on Jul 29, 2022 Announcement • May 02
Aichi Steel Corporation, Annual General Meeting, Jun 22, 2022 Aichi Steel Corporation, Annual General Meeting, Jun 22, 2022. Reported Earnings • Apr 30
Full year 2022 earnings released: EPS: JP¥47.34 (vs JP¥155 in FY 2021) Full year 2022 results: EPS: JP¥47.34 (down from JP¥155 in FY 2021). Revenue: JP¥260.1b (up 27% from FY 2021). Net income: JP¥933.0m (down 69% from FY 2021). Profit margin: 0.4% (down from 1.5% in FY 2021). The decrease in margin was driven by higher expenses. Board Change • Apr 29
No independent directors There are 6 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 6 new directors. 3 experienced directors. 1 highly experienced director. No independent directors (6 non-independent directors). President & Representative Director Takahiro Fujioka is the most experienced director on the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Apr 08
Aichi Steel Corporation to Report Fiscal Year 2022 Results on Apr 28, 2022 Aichi Steel Corporation announced that they will report fiscal year 2022 results on Apr 28, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 03 June 2022. Payout ratio is a comfortable 38% but the company is not cash flow positive. Trailing yield: 3.5%. Lower than top quartile of German dividend payers (3.6%). Lower than average of industry peers (8.1%). Reported Earnings • Feb 04
Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2022 results: JP¥2.99 loss per share (down from JP¥134 profit in 3Q 2021). Revenue: JP¥67.6b (up 14% from 3Q 2021). Net loss: JP¥59.0m (down 102% from profit in 3Q 2021). Revenue exceeded analyst estimates by 7.8%. Reported Earnings • Aug 03
First quarter 2022 earnings released: EPS JP¥60.66 (vs JP¥99.74 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥61.6b (up 70% from 1Q 2021). Net income: JP¥1.20b (up JP¥3.16b from 1Q 2021). Profit margin: 1.9% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue.