Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥1,071, the stock trades at a trailing P/E ratio of 25.6x. Average trailing P/E is 9x in the Auto Components industry in Japan. Total returns to shareholders of 6.2% over the past three years. New Risk • May 28
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥15.6b (US$97.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (99% payout ratio). Market cap is less than US$100m (JP¥15.6b market cap, or US$97.8m). Upcoming Dividend • May 21
Upcoming dividend of JP¥18.50 per share Eligible shareholders must have bought the stock before 28 May 2026. Payment date: 31 August 2026. Payout ratio is on the higher end at 99%, however this is supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.8%). In line with average of industry peers (2.9%). Announcement • May 14
SUMINOE Co., Ltd. to Report Fiscal Year 2026 Results on Jul 14, 2026 SUMINOE Co., Ltd. announced that they will report fiscal year 2026 results on Jul 14, 2026 Reported Earnings • Apr 11
Third quarter 2026 earnings released: JP¥8.74 loss per share (vs JP¥1.51 profit in 3Q 2025) Third quarter 2026 results: JP¥8.74 loss per share (down from JP¥1.51 profit in 3Q 2025). Revenue: JP¥26.1b (flat on 3Q 2025). Net loss: JP¥116.0m (down JP¥136.0m from profit in 3Q 2025). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Announcement • Apr 03
SUMINOE Co., Ltd. to Report Q3, 2026 Results on Apr 10, 2026 SUMINOE Co., Ltd. announced that they will report Q3, 2026 results on Apr 10, 2026 Board Change • Feb 25
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: 3 independent directors. 5 non-independent directors. Independent Outside Director Taneda Yumiko was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Declared Dividend • Feb 11
First half dividend of JP¥21.50 announced Shareholders will receive a dividend of JP¥21.50. Ex-date: 28th May 2026 Payment date: 31st August 2026 Dividend yield will be 3.2%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by both earnings (80% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 3.7% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 20% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Jan 15
Second quarter 2026 earnings released: EPS: JP¥2.04 (vs JP¥39.44 in 2Q 2025) Second quarter 2026 results: EPS: JP¥2.04 (down from JP¥39.44 in 2Q 2025). Revenue: JP¥27.5b (up 5.2% from 2Q 2025). Net income: JP¥27.0m (down 95% from 2Q 2025). Profit margin: 0.1% (down from 2.0% in 2Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 12% per year. Announcement • Jan 14
Suminoe Co., Ltd. Provides Consolidated Earnings Guidance for the Fiscal Year Ending May 31, 2026 SUMINOE Co., Ltd. provided consolidated earnings guidance for the fiscal year ending May 31, 2026. for the fiscal year ending May 31, 2026, the company expects net sales to be JPY 105,000 million, operating profit to be JPY 3,100 million, Profit attributable to owners of parent to be JPY 1,500 million and Basic earnings per share to be JPY 113.12. Announcement • Jan 09
Suminoe Co., Ltd. Revises Consolidated Earnings Guidance for the Second Quarter of Fiscal Year Ending May 31, 2026 SUMINOE Co., Ltd. revised consolidated earnings guidance for the second quarter of the fiscal year ending May 31, 2026. For the second quarter, the company revised net sales of JPY 52,962 million compared to previous guidance of JPY 51,460 million. Operating profit of JPY 886 million compared to previous guidance of JPY 670 million. Profit attributable to owners of parent of JPY 86 million compared to previous guidance of JPY 100 million. Basic earnings per share of JPY 49 per share against 55 per share a year ago. Reasons for revision of the forecast: In the Automotive Textiles and Traffic Facilities Segment, while we responded appropriately to the continuing
recovery trend in demand for interior products for railways and buses. Also, in the Interior Fittings Segment, the space design business, which designs entire "spaces," showed steady growth. As a result, overall net sales for the interim period are expected to exceed our previous forecast announced on July 11, 2025. In addition, due to factors such as increased sales and the impact of price revisions reflecting the continued high prices of raw materials and energy, particularly in the Interior Fittings Segment, operating profit and ordinary profit are expected to exceed the previous forecast. Announcement • Nov 26
SUMINOE Co., Ltd. to Report Q2, 2026 Results on Jan 14, 2026 SUMINOE Co., Ltd. announced that they will report Q2, 2026 results on Jan 14, 2026 Upcoming Dividend • Nov 20
Upcoming dividend of JP¥21.50 per share Eligible shareholders must have bought the stock before 27 November 2025. Payment date: 12 February 2026. Payout ratio is a comfortable 45% but the company is not cash flow positive. Trailing yield: 3.5%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.9%). Declared Dividend • Oct 21
Dividend of JP¥21.50 announced Shareholders will receive a dividend of JP¥21.50. Ex-date: 27th November 2025 Payment date: 12th February 2026 Dividend yield will be 3.4%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (45% 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 3.7% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 30% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Oct 11
First quarter 2026 earnings released: EPS: JP¥4.46 (vs JP¥34.20 loss in 1Q 2025) First quarter 2026 results: EPS: JP¥4.46 (up from JP¥34.20 loss in 1Q 2025). Revenue: JP¥25.5b (up 3.7% from 1Q 2025). Net income: JP¥59.0m (up JP¥521.0m from 1Q 2025). Profit margin: 0.2% (up from net loss in 1Q 2025). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Board Change • Sep 20
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Outside Independent Director Taneda Yumiko was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 02
Full year 2025 earnings released: EPS: JP¥50.12 (vs JP¥66.08 in FY 2024) Full year 2025 results: EPS: JP¥50.12 (down from JP¥66.08 in FY 2024). Revenue: JP¥104.8b (up 1.3% from FY 2024). Net income: JP¥669.0m (down 24% from FY 2024). Profit margin: 0.6% (down from 0.8% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 12% per year. Announcement • Aug 27
SUMINOE Co., Ltd. to Report Q1, 2026 Results on Oct 10, 2025 SUMINOE Co., Ltd. announced that they will report Q1, 2026 results on Oct 10, 2025 Reported Earnings • Jul 14
Full year 2025 earnings released: EPS: JP¥50.12 (vs JP¥66.08 in FY 2024) Full year 2025 results: EPS: JP¥50.12 (down from JP¥66.08 in FY 2024). Revenue: JP¥104.8b (up 1.3% from FY 2024). Net income: JP¥669.0m (down 24% from FY 2024). Profit margin: 0.6% (down from 0.8% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Jul 11
SUMINOE Co., Ltd., Annual General Meeting, Aug 28, 2025 SUMINOE Co., Ltd., Annual General Meeting, Aug 28, 2025. New Risk • Jun 23
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥14.5b (US$98.1m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 124% Minor Risk Market cap is less than US$100m (JP¥14.5b market cap, or US$98.1m). Announcement • May 22
SUMINOE Co., Ltd. to Report Fiscal Year 2025 Results on Jul 11, 2025 SUMINOE Co., Ltd. announced that they will report fiscal year 2025 results on Jul 11, 2025 Upcoming Dividend • May 22
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 29 May 2025. Payment date: 01 September 2025. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (4.0%). Lower than average of industry peers (3.7%). Reported Earnings • Apr 12
Third quarter 2025 earnings released Third quarter 2025 results: Revenue: JP¥26.0b (up 1.0% from 3Q 2024). Net income: JP¥20.0m (down 93% from 3Q 2024). Profit margin: 0.1% (down from 1.2% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. New Risk • Apr 07
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥13.9b (US$94.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 271% Cash payout ratio: 124% Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.2% net profit margin). Market cap is less than US$100m (JP¥13.9b market cap, or US$94.7m). Announcement • Feb 07
SUMINOE Co., Ltd. to Report Q3, 2025 Results on Apr 11, 2025 SUMINOE Co., Ltd. announced that they will report Q3, 2025 results on Apr 11, 2025 Reported Earnings • Jan 15
Second quarter 2025 earnings released: EPS: JP¥78.87 (vs JP¥57.72 in 2Q 2024) Second quarter 2025 results: EPS: JP¥78.87 (up from JP¥57.72 in 2Q 2024). Revenue: JP¥26.1b (down 4.9% from 2Q 2024). Net income: JP¥527.0m (up 38% from 2Q 2024). Profit margin: 2.0% (up from 1.4% in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Nov 21
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 28 November 2024. Payment date: 13 February 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (3.3%). Announcement • Nov 15
Suminoe Textile Co., Ltd. to Report Q2, 2025 Results on Jan 14, 2025 Suminoe Textile Co., Ltd. announced that they will report Q2, 2025 results on Jan 14, 2025 Announcement • Oct 17
Suminoe Textile Co., Ltd. (TSE:3501) announces an Equity Buyback for 143,000 shares, representing 2.11% for ¥296.01 million. Suminoe Textile Co., Ltd. (TSE:3501) announces a share repurchase program. Under the program, the company will repurchase 143,000 shares, representing 2.11% of the outstanding shares, at ¥2,070 per share for ¥296.01 million. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment and to improve shareholder value. As of October 17, 2024, the company had 6,765,425 shares outstanding and 916,737 shares in treasury. Reported Earnings • Oct 16
First quarter 2025 earnings released: JP¥68.39 loss per share (vs JP¥58.30 profit in 1Q 2024) First quarter 2025 results: JP¥68.39 loss per share (down from JP¥58.30 profit in 1Q 2024). Revenue: JP¥24.6b (up 2.7% from 1Q 2024). Net loss: JP¥462.0m (down 225% from profit in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Aug 22
Suminoe Textile Co., Ltd. to Report Q1, 2025 Results on Oct 11, 2024 Suminoe Textile Co., Ltd. announced that they will report Q1, 2025 results on Oct 11, 2024 Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥1,880, the stock trades at a trailing P/E ratio of 14.5x. Average trailing P/E is 8x in the Auto Components industry in Japan. Total returns to shareholders of 7.2% over the past three years. New Risk • Jul 16
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥15.7b (US$99.4m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Shareholders have been diluted in the past year (6.5% increase in shares outstanding). Market cap is less than US$100m (JP¥15.7b market cap, or US$99.4m). Reported Earnings • Jul 16
Full year 2024 earnings released: EPS: JP¥132 (vs JP¥50.48 in FY 2023) Full year 2024 results: EPS: JP¥132 (up from JP¥50.48 in FY 2023). Revenue: JP¥103.5b (up 9.1% from FY 2023). Net income: JP¥874.0m (up 173% from FY 2023). Profit margin: 0.8% (up from 0.3% in FY 2023). Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Jul 13
Suminoe Textile Co., Ltd., Annual General Meeting, Aug 29, 2024 Suminoe Textile Co., Ltd., Annual General Meeting, Aug 29, 2024. Buy Or Sell Opportunity • Jul 01
Now 19% overvalued Over the last 90 days, the stock has fallen 6.1% to JP¥2,504. The fair value is estimated to be JP¥2,099, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.4% over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Jun 26
Now 20% overvalued Over the last 90 days, the stock has fallen 2.5% to JP¥2,528. The fair value is estimated to be JP¥2,100, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.4% over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Jun 10
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 2.4% to JP¥2,515. The fair value is estimated to be JP¥2,070, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.4% over the last 3 years. Meanwhile, the company has become profitable. Announcement • May 26
Suminoe Textile Co., Ltd. to Report Fiscal Year 2024 Results on Jul 12, 2024 Suminoe Textile Co., Ltd. announced that they will report fiscal year 2024 results on Jul 12, 2024 Upcoming Dividend • May 23
Upcoming dividend of JP¥35.00 per share Eligible shareholders must have bought the stock before 30 May 2024. Payment date: 02 September 2024. Payout ratio is a comfortable 6.3% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.4%). In line with average of industry peers (2.9%). Reported Earnings • Apr 12
Third quarter 2024 earnings released: EPS: JP¥44.87 (vs JP¥1.10 in 3Q 2023) Third quarter 2024 results: EPS: JP¥44.87 (up from JP¥1.10 in 3Q 2023). Revenue: JP¥25.8b (up 10.0% from 3Q 2023). Net income: JP¥302.0m (up JP¥295.0m from 3Q 2023). Profit margin: 1.2% (up from 0% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. New Risk • Jan 23
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.5% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (6.5% increase in shares outstanding). Reported Earnings • Jan 15
Second quarter 2024 earnings released: EPS: JP¥57.71 (vs JP¥40.69 loss in 2Q 2023) Second quarter 2024 results: EPS: JP¥57.71 (up from JP¥40.69 loss in 2Q 2023). Revenue: JP¥27.5b (up 12% from 2Q 2023). Net income: JP¥383.0m (up JP¥641.0m from 2Q 2023). Profit margin: 1.4% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Nov 22
Upcoming dividend of JP¥35.00 per share at 3.2% yield Eligible shareholders must have bought the stock before 29 November 2023. Payment date: 13 February 2024. Payout ratio is a comfortable 31% but the company is not cash flow positive. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (2.8%). Reported Earnings • Oct 13
First quarter 2024 earnings released: EPS: JP¥58.30 (vs JP¥67.76 loss in 1Q 2023) First quarter 2024 results: EPS: JP¥58.30 (up from JP¥67.76 loss in 1Q 2023). Revenue: JP¥23.9b (up 15% from 1Q 2023). Net income: JP¥370.0m (up JP¥799.0m from 1Q 2023). Profit margin: 1.5% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • Sep 05
Full year 2023 earnings released: EPS: JP¥50.48 (vs JP¥44.41 in FY 2022) Full year 2023 results: EPS: JP¥50.48 (up from JP¥44.41 in FY 2022). Revenue: JP¥94.8b (up 16% from FY 2022). Net income: JP¥320.0m (up 14% from FY 2022). Profit margin: 0.3% (in line with FY 2022). 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 8% per year, which means it is significantly lagging earnings growth. Announcement • Aug 18
Suminoe Textile Co., Ltd. to Report Q1, 2024 Results on Oct 13, 2023 Suminoe Textile Co., Ltd. announced that they will report Q1, 2024 results on Oct 13, 2023 Announcement • Jul 16
Suminoe Textile Co., Ltd., Annual General Meeting, Aug 30, 2023 Suminoe Textile Co., Ltd., Annual General Meeting, Aug 30, 2023. Reported Earnings • Jul 16
Full year 2023 earnings released: EPS: JP¥50.47 (vs JP¥44.41 in FY 2022) Full year 2023 results: EPS: JP¥50.47 (up from JP¥44.41 in FY 2022). Revenue: JP¥94.8b (up 16% from FY 2022). Net income: JP¥320.0m (up 14% from FY 2022). Profit margin: 0.3% (in line with FY 2022). 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 7% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • May 23
Upcoming dividend of JP¥20.00 per share at 3.0% yield Eligible shareholders must have bought the stock before 30 May 2023. Payment date: 31 August 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.5%). In line with average of industry peers (2.8%). Reported Earnings • Apr 15
Third quarter 2023 earnings released: EPS: JP¥1.10 (vs JP¥60.98 loss in 3Q 2022) Third quarter 2023 results: EPS: JP¥1.10 (up from JP¥60.98 loss in 3Q 2022). Revenue: JP¥23.4b (up 15% from 3Q 2022). Net income: JP¥7.00m (up JP¥393.0m from 3Q 2022). Profit margin: 0% (up from net loss in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 6% per year. Announcement • Feb 01
Suminoe Textile Co., Ltd. to Report Q3, 2023 Results on Apr 13, 2023 Suminoe Textile Co., Ltd. announced that they will report Q3, 2023 results on Apr 13, 2023 Reported Earnings • Jan 14
Second quarter 2023 earnings released: JP¥40.68 loss per share (vs JP¥94.16 profit in 2Q 2022) Second quarter 2023 results: JP¥40.68 loss per share (down from JP¥94.16 profit in 2Q 2022). Revenue: JP¥24.6b (up 20% from 2Q 2022). Net loss: JP¥258.0m (down 143% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Upcoming Dividend • Nov 22
Upcoming dividend of JP¥35.00 per share Eligible shareholders must have bought the stock before 29 November 2022. Payment date: 14 February 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (3.0%). Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. 2 highly experienced directors. No independent directors (9 non-independent directors). Head of Industrial Materials Business, Senior MD, Senior Exec. Officer & Representative Director Yoshiaki Tanihara was the last director to join the board, commencing their role in 2008. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Announcement • Nov 10
Suminoe Textile Co., Ltd. to Report Q2, 2023 Results on Jan 13, 2023 Suminoe Textile Co., Ltd. announced that they will report Q2, 2023 results on Jan 13, 2023 Reported Earnings • Oct 17
First quarter 2023 earnings released: JP¥67.76 loss per share (vs JP¥86.74 loss in 1Q 2022) First quarter 2023 results: JP¥67.76 loss per share (improved from JP¥86.74 loss in 1Q 2022). Revenue: JP¥20.8b (up 11% from 1Q 2022). Net loss: JP¥429.0m (loss narrowed 22% from 1Q 2022). 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 14% per year, which means it is significantly lagging earnings. Reported Earnings • Sep 04
Full year 2022 earnings released Full year 2022 results: Revenue: JP¥81.7b (up 2.5% from FY 2021). Net income: JP¥281.0m (down 31% from FY 2021). Profit margin: 0.3% (down from 0.5% in FY 2021). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 16% per year, which means it is performing significantly worse than earnings. Announcement • Jul 31
Suminoe Textile Co., Ltd. to Report Q1, 2023 Results on Oct 14, 2022 Suminoe Textile Co., Ltd. announced that they will report Q1, 2023 results on Oct 14, 2022 Announcement • Jul 17
Suminoe Textile Co., Ltd., Annual General Meeting, Aug 30, 2022 Suminoe Textile Co., Ltd., Annual General Meeting, Aug 30, 2022. Reported Earnings • Jul 17
Full year 2022 earnings released: EPS: JP¥44.41 (vs JP¥64.77 in FY 2021) Full year 2022 results: EPS: JP¥44.41 (down from JP¥64.77 in FY 2021). Revenue: JP¥81.7b (up 2.5% from FY 2021). Net income: JP¥281.0m (down 31% from FY 2021). Profit margin: 0.3% (down from 0.5% in FY 2021). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 16% per year, which means it is performing significantly worse than earnings. Upcoming Dividend • May 23
Upcoming dividend of JP¥35.00 per share Eligible shareholders must have bought the stock before 30 May 2022. Payment date: 30 August 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 3.6%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (3.1%). Announcement • May 04
Suminoe Textile Co., Ltd. to Report Fiscal Year 2022 Results on Jul 15, 2022 Suminoe Textile Co., Ltd. announced that they will report fiscal year 2022 results on Jul 15, 2022 Board Change • Apr 27
No independent 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. 3 highly experienced directors. No independent directors (9 non-independent directors). Head of Industrial Materials Business, Senior MD, Senior Exec. Officer & Representative Director Yoshiaki Tanihara was the last director to join the board, commencing their role in 2008. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Apr 15
Third quarter 2022 earnings: EPS and revenues miss analyst expectations Third quarter 2022 results: JP¥60.97 loss per share (down from JP¥137 profit in 3Q 2021). Revenue: JP¥20.4b (down 1.9% from 3Q 2021). Net loss: JP¥386.0m (down 145% from profit in 3Q 2021). Revenue missed analyst estimates by 9.3%. Earnings per share (EPS) were also behind analyst expectations. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 15% per year. Valuation Update With 7 Day Price Move • Mar 10
Investor sentiment deteriorated over the past week After last week's 19% share price decline to JP¥1,586, the stock trades at a trailing P/E ratio of 12.4x. Average trailing P/E is 7x in the Auto Components industry in Japan. Total loss to shareholders of 38% over the past three years. Announcement • Feb 02
Suminoe Textile Co., Ltd. to Report Q3, 2022 Results on Apr 14, 2022 Suminoe Textile Co., Ltd. announced that they will report Q3, 2022 results on Apr 14, 2022 Announcement • Jan 28
Suminoe Textile Co., Ltd. (TSE:3501) acquired Preterior Textile Inc. from Kunihiko Sasaki. Suminoe Textile Co., Ltd. (TSE:3501) acquired Preterior Textile Inc. from Kunihiko Sasaki on January 27, 2022. As part of the transaction, Suminoe Textile will acquire 176 shares in Preterior Textile. For the Fiscal year ending September 2021, Preterior Textile reported Total assets of ¥783 million, Net worth of ¥182 million and sales of ¥2.1 billion. The transaction is resolved by the board of directors of Suminoe Textile and will have a minor impact on business results of Suminoe Textile for the fiscal year ending May 2022.
Suminoe Textile Co., Ltd. (TSE:3501) completed the acquisition of Preterior Textile Inc. from Kunihiko Sasaki on January 27, 2022. Reported Earnings • Jan 16
Second quarter 2022 earnings: EPS and revenues miss analyst expectations Second quarter 2022 results: EPS: JP¥94.15 (down from JP¥125 in 2Q 2021). Revenue: JP¥20.6b (down 6.5% from 2Q 2021). Net income: JP¥596.0m (down 25% from 2Q 2021). Profit margin: 2.9% (down from 3.6% in 2Q 2021). Revenue missed analyst estimates by 9.3%. Earnings per share (EPS) also missed analyst estimates by 18%. Earnings per share (EPS) missed analyst estimates by 18%. Over the next year, revenue is forecast to grow 8.0%, compared to a 6.7% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Upcoming Dividend • Nov 22
Upcoming dividend of JP¥35.00 per share Eligible shareholders must have bought the stock before 29 November 2021. Payment date: 09 February 2022. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (2.5%). Reported Earnings • Oct 17
First quarter 2022 earnings released: JP¥86.73 loss per share (vs JP¥181 loss in 1Q 2021) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2022 results: Revenue: JP¥18.7b (up 21% from 1Q 2021). Net loss: JP¥548.0m (loss narrowed 52% from 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Reported Earnings • Jul 15
Full year 2021 earnings released: EPS JP¥64.76 (vs JP¥21.73 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¥79.7b (down 13% from FY 2020). Net income: JP¥409.0m (up 188% from FY 2020). Profit margin: 0.5% (up from 0.2% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Upcoming Dividend • May 22
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 28 May 2021. Payment date: 31 August 2021. Trailing yield: 1.5%. Lower than top quartile of Japanese dividend payers (3.0%). Lower than average of industry peers (2.3%). Reported Earnings • Apr 16
Third quarter 2021 earnings released: EPS JP¥137 (vs JP¥32.13 loss 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¥20.8b (down 6.5% from 3Q 2020). Net income: JP¥864.0m (up JP¥1.07b from 3Q 2020). Profit margin: 4.1% (up from net loss in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance. Announcement • Jan 31
Suminoe Textile Co., Ltd. to Report Q3, 2021 Results on Apr 13, 2021 Suminoe Textile Co., Ltd. announced that they will report Q3, 2021 results on Apr 13, 2021 Analyst Estimate Surprise Post Earnings • Jan 19
Earnings beat expectations, revenue disappoints Revenue missed analyst estimates by 4.2%. Earnings per share (EPS) exceeded analyst estimates by 38%. Over the next year, revenue is forecast to grow 6.6%, compared to a 7.4% growth forecast for the Auto Components industry in Japan. Analyst Estimate Surprise Post Earnings • Jan 16
Earnings beat expectations, revenue disappoints Revenue missed analyst estimates by 4.2%. Earnings per share (EPS) exceeded analyst estimates by 38%. Over the next year, revenue is forecast to grow 6.6%, compared to a 7.4% growth forecast for the Auto Components industry in Japan. Reported Earnings • Jan 15
Second quarter 2021 earnings released: EPS JP¥125 The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: JP¥22.0b (down 14% from 2Q 2020). Net income: JP¥791.0m (up 52% from 2Q 2020). Profit margin: 3.6% (up from 2.0% 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 78% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Announcement • Nov 28
Suminoe Textile Co., Ltd. to Report Q2, 2021 Results on Jan 14, 2021 Suminoe Textile Co., Ltd. announced that they will report Q2, 2021 results on Jan 14, 2021 Announcement • Nov 06
Suminoe Textile Co., Ltd. (TSE:3501) acquired CPO Co., Ltd. Suminoe Textile Co., Ltd. (TSE:3501) acquired CPO Co., Ltd. effective November 4, 2020. Announcement • Sep 30
Suminoe Textile Co., Ltd. (TSE:3501) acquired Cpo Co., Ltd. Suminoe Textile Co., Ltd. (TSE:3501) acquired Cpo Co., Ltd. on September 29, 2020.
Suminoe Textile Co., Ltd. (TSE:3501) completed the acquisition of Cpo Co., Ltd. on September 29, 2020. Announcement • Aug 31
Suminoe Textile Co., Ltd. to Report Q1, 2021 Results on Oct 13, 2020 Suminoe Textile Co., Ltd. announced that they will report Q1, 2021 results on Oct 13, 2020 Announcement • Jul 17
Suminoe Textile Co., Ltd. to Report Fiscal Year 2020 Results on Jul 14, 2020 Suminoe Textile Co., Ltd. announced that they will report fiscal year 2020 results on Jul 14, 2020