Announcement • Mar 25
Sumco Corporation to Report Q1, 2026 Results on May 12, 2026 Sumco Corporation announced that they will report Q1, 2026 results at 3:30 PM, Tokyo Standard Time on May 12, 2026 Announcement • Feb 10
Sumco Corporation, Annual General Meeting, Mar 27, 2026 Sumco Corporation, Annual General Meeting, Mar 27, 2026. Announcement • Jan 05
SUMCO Corporation Announces the Retirement of Toshihiro Awa as Representative Director, President, Effective March 27, 2026 SUMCO Corporation announced that Toshihiro Awa will retire as Representative Director, President of the company at the AGM to be held on March 27, 2026. Announcement • Dec 19
Sumco Corporation to Report Fiscal Year 2025 Results on Feb 10, 2026 Sumco Corporation announced that they will report fiscal year 2025 results at 3:30 PM, Tokyo Standard Time on Feb 10, 2026 Announcement • Sep 17
Sumco Corporation to Report Q3, 2025 Results on Nov 11, 2025 Sumco Corporation announced that they will report Q3, 2025 results at 3:30 PM, Tokyo Standard Time on Nov 11, 2025 Announcement • Jun 20
Sumco Corporation to Report Q2, 2025 Results on Aug 07, 2025 Sumco Corporation announced that they will report Q2, 2025 results at 3:30 PM, Tokyo Standard Time on Aug 07, 2025 Announcement • Mar 19
Sumco Corporation to Report Q1, 2025 Results on May 08, 2025 Sumco Corporation announced that they will report Q1, 2025 results on May 08, 2025 Announcement • Feb 07
Sumco Corporation, Annual General Meeting, Mar 27, 2025 Sumco Corporation, Annual General Meeting, Mar 27, 2025. Buy Or Sell Opportunity • Jan 06
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 29% to €6.94. The fair value is estimated to be €9.08, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.7% over the last 3 years. Earnings per share has declined by 9.5%. For the next 3 years, revenue is forecast to grow by 10.0% per annum. Earnings are also forecast to grow by 30% per annum over the same time period. Board Change • Dec 30
High number of new directors There are 5 new directors who have joined the board in the last 3 years. CFO, Executive VP & Representative Director Shinichi Kubozoe was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Dec 18
Sumco Corporation to Report Fiscal Year 2024 Results on Feb 07, 2025 Sumco Corporation announced that they will report fiscal year 2024 results on Feb 07, 2025 Buy Or Sell Opportunity • Nov 14
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 24% to €8.11. The fair value is estimated to be €10.45, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.7% over the last 3 years. Earnings per share has declined by 9.5%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 30% per annum over the same time period. Declared Dividend • Nov 11
Dividend of JP¥6.00 announced Shareholders will receive a dividend of JP¥6.00. Ex-date: 27th December 2024 Payment date: 10th March 2025 Dividend yield will be 71%, which is higher than the industry average of 1.1%. Sustainability & Growth Dividend is covered by earnings (46% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 36% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 118% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 10
Third quarter 2024 earnings released: EPS: JP¥10.42 (vs JP¥26.57 in 3Q 2023) Third quarter 2024 results: EPS: JP¥10.42 (down from JP¥26.57 in 3Q 2023). Revenue: JP¥98.4b (down 1.8% from 3Q 2023). Net income: JP¥3.65b (down 61% from 3Q 2023). Profit margin: 3.7% (down from 9.3% in 3Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings. Announcement • Sep 25
Sumco Corporation to Report Q3, 2024 Results on Nov 08, 2024 Sumco Corporation announced that they will report Q3, 2024 results at 3:30 PM, Tokyo Standard Time on Nov 08, 2024 New Risk • Aug 09
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 6.7% 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 Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.7% average weekly change). Profit margins are more than 30% lower than last year (6.7% net profit margin). Reported Earnings • Aug 08
Second quarter 2024 earnings released: EPS: JP¥21.62 (vs JP¥34.14 in 2Q 2023) Second quarter 2024 results: EPS: JP¥21.62 (down from JP¥34.14 in 2Q 2023). Revenue: JP¥104.8b (down 5.4% from 2Q 2023). Net income: JP¥7.56b (down 37% from 2Q 2023). Profit margin: 7.2% (down from 11% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Semiconductor 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 12% per year, which means it is significantly lagging 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 €11.96, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 14x in the Semiconductor industry in Germany. Total loss to shareholders of 33% over the past three years. Upcoming Dividend • Jun 20
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 27 June 2024. Payment date: 05 September 2024. Payout ratio is a comfortable 62% but the company is not cash flow positive. Trailing yield: 2.3%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (1.1%). Announcement • Jun 15
Sumco Corporation to Report Q2, 2024 Results on Aug 07, 2024 Sumco Corporation announced that they will report Q2, 2024 results on Aug 07, 2024 Buy Or Sell Opportunity • May 13
Now 21% undervalued Over the last 90 days, the stock has risen 6.3% to €14.87. The fair value is estimated to be €18.72, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 21%. For the next 3 years, revenue is forecast to grow by 9.3% per annum. Earnings are also forecast to grow by 24% per annum over the same time period. Reported Earnings • May 10
First quarter 2024 earnings released: EPS: JP¥14.46 (vs JP¥108 in 1Q 2023) First quarter 2024 results: EPS: JP¥14.46 (down from JP¥108 in 1Q 2023). Revenue: JP¥93.5b (down 15% from 1Q 2023). Net income: JP¥5.06b (down 87% from 1Q 2023). Profit margin: 5.4% (down from 34% in 1Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Semiconductor 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 fallen by 5% per year, which means it is significantly lagging earnings. Announcement • May 10
Sumco Corporation Provides Interim Dividend Guidance for the Fiscal Year Ending December 31, 2024 Sumco Corporation decided to revise its dividend forecast for fiscal year 2024 at the board of directors' meeting held on May 9, 2024. The amount of interim dividend per share for the fiscal year ending December 31, 2024 had been undecided. However, the interim dividend is expected to be JPY 10 per share, based on an overall consideration of the profit forecast in the first half of fiscal year 2024, the outlook for the second half and beyond, funding needs for capital investment, the status of internal reserves, and other factors. At this time, the year-end dividend for the fiscal year ending December 31, 2024 is not determined. The company paid JPY 42.00 per share for the year ended December 31, 2023. Declared Dividend • Apr 24
Final dividend of JP¥20.00 announced Shareholders will receive a dividend of JP¥20.00. Ex-date: 27th June 2024 Payment date: 5th September 2024 Dividend yield will be 146%, which is higher than the industry average of 1.1%. Sustainability & Growth Dividend is covered by earnings (30% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 39% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 28% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Board Change • Apr 23
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Executive VP & Representative Director Shinichi Kubozoe was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Mar 28
Sumco Corporation to Report Q1, 2024 Results on May 09, 2024 Sumco Corporation announced that they will report Q1, 2024 results During-Market on May 09, 2024 New Risk • Feb 16
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 38% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (38% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Announcement • Feb 15
Sumco Corporation Announces Board Change Sumco Corporation announced the retirement of Michiharu Takii as Director, Vice Chairman (Representative Director). Michiharu Takii will be appointed as a new Chief Executive Michihar Adviser. The board of directors transited Shinichi Kubozoe as Executive Vice President (Representative Director)from Senior Managing Director. Shinichi Kubozoe: Date of Birth: August 12, 1962. Educational Background: March 1985-Bachelor of Laws, Osaka City University, Faculty of Law, Graduate School of Law. Career: April 1985: Joined Sumitomo Metal Industries Ltd. (the currentNippon Steel Corporation); April 2012: General Manager of Corporate Controller & Group Companies Management Dept., the Company; October 2012: General Manager of Accounting & Budget Control Department; March 2018: Executive Officer; July 2018: Executive Officer, General Manager of Finance Department; March 2020: Managing Executive Officer, Assistant of Corporate Strategy Division; March 2021:Managing Executive Officer, Head of Corporate Strategy Division; March 2023: Senior Managing Executive Officer, Head of Corporate Strategy Division (current). Date of Change:- March 28, 2024. Announcement • Feb 14
Sumco Corporation, Annual General Meeting, Mar 28, 2024 Sumco Corporation, Annual General Meeting, Mar 28, 2024. Buy Or Sell Opportunity • Feb 01
Now 20% undervalued Over the last 90 days, the stock has risen 9.7% to €13.84. The fair value is estimated to be €17.38, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 41%. For the next 3 years, revenue is forecast to grow by 8.0% per annum. Earnings are forecast to decline by 1.8% per annum over the same time period. Upcoming Dividend • Dec 21
Upcoming dividend of JP¥10.00 per share at 2.4% yield Eligible shareholders must have bought the stock before 28 December 2023. Payment date: 11 March 2024. Payout ratio is a comfortable 56% but the company is not cash flow positive. Trailing yield: 2.4%. Lower than top quartile of German dividend payers (5.1%). Higher than average of industry peers (1.0%). Announcement • Dec 20
Sumco Corporation to Report Fiscal Year 2023 Results on Feb 14, 2024 Sumco Corporation announced that they will report fiscal year 2023 results on Feb 14, 2024 Reported Earnings • Nov 09
Third quarter 2023 earnings released: EPS: JP¥26.57 (vs JP¥58.46 in 3Q 2022) Third quarter 2023 results: EPS: JP¥26.57 (down from JP¥58.46 in 3Q 2022). Revenue: JP¥100.2b (down 14% from 3Q 2022). Net income: JP¥9.29b (down 55% from 3Q 2022). Profit margin: 9.3% (down from 18% in 3Q 2022). Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Buying Opportunity • Nov 09
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 2.4%. The fair value is estimated to be €15.39, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 42%. For the next 3 years, revenue is forecast to grow by 7.2% per annum. Earnings is forecast to decline by 6.9% per annum over the same time period. Announcement • Sep 27
Sumco Corporation to Report Q3, 2023 Results on Nov 08, 2023 Sumco Corporation announced that they will report Q3, 2023 results at 3:00 PM, Tokyo Standard Time on Nov 08, 2023 New Risk • Aug 15
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 32% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 5.1% per year for the foreseeable future. High level of non-cash earnings (32% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Announcement • Aug 09
Sumco Corporation Announces Interim Dividend for the Period Ended June 30, 2023, Payable on September 5, 2023 Sumco Corporation announced interim dividend of JPY 42.00 per share compared to JPY 36.00 per share a year ago for the period ended June 30, 2023. Payment date on September 5, 2023. Reported Earnings • Aug 09
Second quarter 2023 earnings released: EPS: JP¥34.14 (vs JP¥46.04 in 2Q 2022) Second quarter 2023 results: EPS: JP¥34.14 (down from JP¥46.04 in 2Q 2022). Revenue: JP¥110.7b (up 3.5% from 2Q 2022). Net income: JP¥11.9b (down 26% from 2Q 2022). Profit margin: 11% (down from 15% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Upcoming Dividend • Jun 22
Upcoming dividend of JP¥40.00 per share at 4.4% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 04 September 2023. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 4.4%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (1.0%). Announcement • Jun 10
Sumco Corporation to Report Q2, 2023 Results on Aug 08, 2023 Sumco Corporation announced that they will report Q2, 2023 results on Aug 08, 2023 Buying Opportunity • Jun 07
Now 21% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be €16.74, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 39%. For the next 3 years, revenue is forecast to grow by 7.0% per annum. Earnings is forecast to decline by 8.5% per annum over the same time period. Reported Earnings • May 14
First quarter 2023 earnings released: EPS: JP¥108 (vs JP¥43.41 in 1Q 2022) First quarter 2023 results: EPS: JP¥108 (up from JP¥43.41 in 1Q 2022). Revenue: JP¥109.9b (up 9.5% from 1Q 2022). Net income: JP¥37.7b (up 148% from 1Q 2022). Profit margin: 34% (up from 15% in 1Q 2022). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • May 12
Sumco Corporation Provides Consolidated Earning Guidance for the Six Months Ending June 30, 2023 Sumco Corporation provided consolidated earning guidance for the six months ending June 30, 2023. For the six months ending June 30, 2023, the company expects net sales of ¥217,000 million; operating income of ¥42,900 million; profit attributable to owners of the parent of ¥47,100 million or ¥134.79 basic per share. Announcement • May 11
Sumco Corporation Provides Dividend Guidance for the Six Months Ending June 30, 2023 Sumco Corporation provided dividend guidance for the six months ending June 30, 2023. For the six months ending June 30, 2023, the company expects a dividend of ¥40.00 per share against ¥36.00 per share paid a year ago. Reported Earnings • Apr 02
Full year 2022 earnings released: EPS: JP¥200 (vs JP¥136 in FY 2021) Full year 2022 results: EPS: JP¥200 (up from JP¥136 in FY 2021). Revenue: JP¥441.1b (up 31% from FY 2021). Net income: JP¥70.2b (up 71% from FY 2021). Profit margin: 16% (up from 12% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Feb 13
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 5.6%. The fair value is estimated to be €17.40, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 29%. For the next 3 years, revenue is forecast to grow by 6.6% per annum. Earnings is also forecast to grow by 0.4% per annum over the same time period. Reported Earnings • Feb 12
Full year 2022 earnings released: EPS: JP¥200 (vs JP¥136 in FY 2021) Full year 2022 results: EPS: JP¥200 (up from JP¥136 in FY 2021). Revenue: JP¥441.1b (up 31% from FY 2021). Net income: JP¥70.2b (up 71% from FY 2021). Profit margin: 16% (up from 12% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥42.00 per share Eligible shareholders must have bought the stock before 29 December 2022. Payment date: 09 March 2023. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 4.5%. Lower than top quartile of German dividend payers (5.1%). Higher than average of industry peers (1.2%). Announcement • Dec 11
Sumco Corporation to Report Fiscal Year 2022 Results on Feb 09, 2023 Sumco Corporation announced that they will report fiscal year 2022 results on Feb 09, 2023 Reported Earnings • Nov 17
Third quarter 2022 earnings released: EPS: JP¥58.46 (vs JP¥36.55 in 3Q 2021) Third quarter 2022 results: EPS: JP¥58.46 (up from JP¥36.55 in 3Q 2021). Revenue: JP¥116.2b (up 34% from 3Q 2021). Net income: JP¥20.5b (up 93% from 3Q 2021). Profit margin: 18% (up from 12% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 09
Third quarter 2022 earnings released: EPS: JP¥58.46 (vs JP¥36.55 in 3Q 2021) Third quarter 2022 results: EPS: JP¥58.46 (up from JP¥36.55 in 3Q 2021). Revenue: JP¥116.2b (up 34% from 3Q 2021). Net income: JP¥20.5b (up 93% from 3Q 2021). Profit margin: 18% (up from 12% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Sep 15
Sumco Corporation to Report Q3, 2022 Results on Nov 08, 2022 Sumco Corporation announced that they will report Q3, 2022 results on Nov 08, 2022 Reported Earnings • Aug 05
Second quarter 2022 earnings released: EPS: JP¥46.04 (vs JP¥31.01 in 2Q 2021) Second quarter 2022 results: EPS: JP¥46.04 (up from JP¥31.01 in 2Q 2021). Revenue: JP¥107.0b (up 31% from 2Q 2021). Net income: JP¥16.1b (up 79% from 2Q 2021). Profit margin: 15% (up from 11% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 16%, compared to a 9.7% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 10% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 05
Sumco Corporation Provides Consolidated Earnings Guidance for the Nine Months Ending September 30, 2022 Sumco Corporation provided consolidated earnings guidance for the nine months ending September 30, 2022. For the period, the company expects net sales to be JPY 322,400 million. Operating income to be JPY 77,200 million. Net income attributable to owners of the parent to be JPY 47,800 million. Basic earnings per share to be JPY 136.51. Announcement • Aug 04
Sumco Corporation Announces Interim Dividend for the Fiscal Year 2022, Effective on September 2, 2022 Sumco Corporation announced an interim dividend of JPY 36.00 per share for the fiscal year 2022, effective on September 2, 2022 and record date is June 30, 2022 against JPY 17.00 per share for the same period a year ago. Upcoming Dividend • Jun 22
Upcoming dividend of JP¥34.00 per share Eligible shareholders must have bought the stock before 29 June 2022. Payment date: 05 September 2022. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of German dividend payers (4.4%). Higher than average of industry peers (1.3%). Announcement • Jun 11
Sumco Corporation to Report Q2, 2022 Results on Aug 04, 2022 Sumco Corporation announced that they will report Q2, 2022 results on Aug 04, 2022 Reported Earnings • May 14
First quarter 2022 earnings released: EPS: JP¥43.41 (vs JP¥25.35 in 1Q 2021) First quarter 2022 results: EPS: JP¥43.41 (up from JP¥25.35 in 1Q 2021). Revenue: JP¥100.4b (up 32% from 1Q 2021). Net income: JP¥15.2b (up 106% from 1Q 2021). Profit margin: 15% (up from 9.7% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 15%, compared to a 14% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Announcement • Apr 07
Sumco Corporation to Report Q1, 2022 Results on May 12, 2022 Sumco Corporation announced that they will report Q1, 2022 results on May 12, 2022 Reported Earnings • Feb 10
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: JP¥136 (up from JP¥87.48 in FY 2020). Revenue: JP¥335.7b (up 15% from FY 2020). Net income: JP¥41.1b (up 61% from FY 2020). Profit margin: 12% (up from 8.8% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 16%, compared to a 16% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Upcoming Dividend • Dec 23
Upcoming dividend of JP¥19.00 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 05 March 2022. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (3.3%). Higher than average of industry peers (0.7%). Reported Earnings • Nov 05
Third quarter 2021 earnings released: EPS JP¥36.55 (vs JP¥11.64 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥86.7b (up 21% from 3Q 2020). Net income: JP¥10.6b (up 213% from 3Q 2020). Profit margin: 12% (up from 4.7% 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 32% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Reported Earnings • Aug 06
Second quarter 2021 earnings released: EPS JP¥31.01 (vs JP¥28.61 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: JP¥81.8b (up 9.3% from 2Q 2020). Net income: JP¥9.00b (up 8.0% from 2Q 2020). Profit margin: 11% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Upcoming Dividend • Jun 22
Upcoming dividend of JP¥16.00 per share Eligible shareholders must have bought the stock before 29 June 2021. Payment date: 04 September 2021. Trailing yield: 1.0%. Lower than top quartile of German dividend payers (3.1%). Higher than average of industry peers (0.6%). Reported Earnings • May 13
First quarter 2021 earnings released: EPS JP¥25.35 (vs JP¥29.01 in 1Q 2020) The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: JP¥75.9b (up 5.1% from 1Q 2020). Net income: JP¥7.38b (down 13% from 1Q 2020). Profit margin: 9.7% (down from 12% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 30
Full year 2020 earnings released: EPS JP¥87.48 (vs JP¥113 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥291.3b (down 2.7% from FY 2019). Net income: JP¥25.5b (down 23% from FY 2019). Profit margin: 8.8% (down from 11% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Announcement • Mar 18
Sumco Corporation to Report Fiscal Year 2021 Results on May 11, 2021 Sumco Corporation announced that they will report fiscal year 2021 results on May 11, 2021 Reported Earnings • Feb 10
Full year 2020 earnings released: EPS JP¥87.48 (vs JP¥113 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥291.3b (down 2.7% from FY 2019). Net income: JP¥25.5b (down 23% from FY 2019). Profit margin: 8.8% (down from 11% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Feb 10
Revenue misses expectations Revenue missed analyst estimates by 0.2%. Over the next year, revenue is forecast to grow 7.1%, compared to a 16% growth forecast for the Semiconductor industry in Germany. Upcoming Dividend • Dec 22
Upcoming Dividend of JP¥9.00 Per Share Will be paid on the 6th of March to those who are registered shareholders by the 29th of December. The trailing yield of 1.3% is below the top quartile of German dividend payers (3.5%), but it is higher than industry peers (0.7%). Announcement • Dec 13
Sumco Corporation to Report Fiscal Year 2020 Results on Feb 09, 2021 Sumco Corporation announced that they will report fiscal year 2020 results on Feb 09, 2021 Is New 90 Day High Low • Dec 09
New 90-day high: €19.90 The company is up 80% from its price of €11.05 on 10 September 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 26% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €16.46 per share. Valuation Update With 7 Day Price Move • Dec 01
Market bids up stock over the past week After last week's 20% share price gain to JP¥17.90, the stock is trading at a trailing P/E ratio of 26.3x, up from the previous P/E ratio of 21.9x. This compares to an average P/E of 62x in the Semiconductor industry in Germany. Total return to shareholders over the past three years is a loss of 1.2%. Analyst Estimate Surprise Post Earnings • Nov 06
Revenue misses expectations Revenue missed analyst estimates by 2.4%. Over the next year, revenue is forecast to grow 4.6%, compared to a 19% growth forecast for the Semiconductor industry in Germany. Reported Earnings • Nov 06
Third quarter 2020 earnings released: EPS JP¥11.64 The company reported a poor third quarter result with weaker earnings and profit margins, although revenues were flat. Third quarter 2020 results: Revenue: JP¥71.6b (flat on 3Q 2019). Net income: JP¥3.39b (down 34% from 3Q 2019). Profit margin: 4.7% (down from 7.2% in 3Q 2019). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings. Is New 90 Day High Low • Nov 05
New 90-day high: €13.43 The company is up 15% from its price of €11.68 on 07 August 2020. The German market is down 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Semiconductor 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 €9.39 per share. Announcement • Sep 06
Sumco Corporation to Report Q3, 2020 Results on Nov 05, 2020 Sumco Corporation announced that they will report Q3, 2020 results on Nov 05, 2020