New Risk • May 18
New major risk - Revenue and earnings growth Earnings have declined by 8.6% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 8.6% per year over the past 5 years. Buy Or Sell Opportunity • May 15
Now 26% undervalued Over the last 90 days, the stock has risen 35% to JP¥1,619. The fair value is estimated to be JP¥2,181, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.6% over the last 3 years. Meanwhile, the company has become profitable. Announcement • May 13
Suncall Corporation, Annual General Meeting, Jun 26, 2026 Suncall Corporation, Annual General Meeting, Jun 26, 2026. Announcement • May 10
Suncall Corporation to Report Fiscal Year 2026 Results on May 13, 2026 Suncall Corporation announced that they will report fiscal year 2026 results on May 13, 2026 Valuation Update With 7 Day Price Move • May 07
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥1,945, the stock trades at a trailing P/E ratio of 14.9x. Average trailing P/E is 10x in the Auto Components industry in Japan. Total returns to shareholders of 256% over the past three years. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to JP¥1,625, the stock trades at a trailing P/E ratio of 12.4x. Average trailing P/E is 10x in the Auto Components industry in Japan. Total returns to shareholders of 197% over the past three years. Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to JP¥1,631, the stock trades at a trailing P/E ratio of 12.5x. Average trailing P/E is 10x in the Auto Components industry in Japan. Total returns to shareholders of 193% over the past three years. Buy Or Sell Opportunity • Mar 23
Now 28% undervalued Over the last 90 days, the stock has risen 79% to JP¥1,631. The fair value is estimated to be JP¥2,271, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.6% over the last 3 years. Meanwhile, the company has become profitable. Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥1,375, the stock trades at a trailing P/E ratio of 10.5x. Average trailing P/E is 11x in the Auto Components industry in Japan. Total returns to shareholders of 133% over the past three years. Reported Earnings • Feb 16
Third quarter 2026 earnings released: EPS: JP¥46.78 (vs JP¥38.30 in 3Q 2025) Third quarter 2026 results: EPS: JP¥46.78 (up from JP¥38.30 in 3Q 2025). Revenue: JP¥12.3b (down 27% from 3Q 2025). Net income: JP¥1.42b (up 23% from 3Q 2025). Profit margin: 12% (up from 6.9% in 3Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥1,149, the stock trades at a trailing P/E ratio of 9.4x. Average trailing P/E is 11x in the Auto Components industry in Japan. Total returns to shareholders of 99% over the past three years. New Risk • Dec 05
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.9% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (14% average weekly change). 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. Announcement • Dec 03
Suncall Corporation to Report Q3, 2026 Results on Feb 13, 2026 Suncall Corporation announced that they will report Q3, 2026 results on Feb 13, 2026 Reported Earnings • Nov 18
Second quarter 2026 earnings released: EPS: JP¥47.74 (vs JP¥40.63 in 2Q 2025) Second quarter 2026 results: EPS: JP¥47.74 (up from JP¥40.63 in 2Q 2025). Revenue: JP¥11.9b (down 26% from 2Q 2025). Net income: JP¥1.45b (up 18% from 2Q 2025). Profit margin: 12% (up from 7.7% in 2Q 2025). Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 29% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Nov 17
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to JP¥1,339, the stock trades at a trailing P/E ratio of 11.7x. Average trailing P/E is 10x in the Auto Components industry in Japan. Total returns to shareholders of 124% over the past three years. Valuation Update With 7 Day Price Move • Oct 27
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥1,083, the stock trades at a trailing P/E ratio of 9.4x. Average trailing P/E is 12x in the Auto Components industry in Japan. Total returns to shareholders of 73% over the past three years. Valuation Update With 7 Day Price Move • Sep 19
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥1,062, the stock trades at a trailing P/E ratio of 9.3x. Average trailing P/E is 11x in the Auto Components industry in Japan. Total returns to shareholders of 55% over the past three years. Announcement • Sep 02
Suncall Corporation to Report Q2, 2026 Results on Nov 14, 2025 Suncall Corporation announced that they will report Q2, 2026 results on Nov 14, 2025 Valuation Update With 7 Day Price Move • Aug 20
Investor sentiment improves as stock rises 38% After last week's 38% share price gain to JP¥859, the stock trades at a trailing P/E ratio of 7.5x. Average trailing P/E is 11x in the Auto Components industry in Japan. Total returns to shareholders of 31% over the past three years. Reported Earnings • Aug 09
First quarter 2026 earnings released: EPS: JP¥64.39 (vs JP¥76.12 loss in 1Q 2025) First quarter 2026 results: EPS: JP¥64.39 (up from JP¥76.12 loss in 1Q 2025). Revenue: JP¥15.4b (up 7.7% from 1Q 2025). Net income: JP¥1.95b (up JP¥4.24b from 1Q 2025). Profit margin: 13% (up from net loss in 1Q 2025). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Board Change • Jul 23
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Yuji Isono was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Jun 29
Suncall Corporation to Report Q1, 2026 Results on Aug 08, 2025 Suncall Corporation announced that they will report Q1, 2026 results on Aug 08, 2025 Reported Earnings • May 20
Full year 2025 earnings released: JP¥25.51 loss per share (vs JP¥393 loss in FY 2024) Full year 2025 results: JP¥25.51 loss per share (improved from JP¥393 loss in FY 2024). Revenue: JP¥63.9b (up 24% from FY 2024). Net loss: JP¥769.0m (loss narrowed 94% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance. Announcement • May 15
Suncall Corporation, Annual General Meeting, Jun 25, 2025 Suncall Corporation, Annual General Meeting, Jun 25, 2025. Announcement • Mar 04
Suncall Corporation to Report Fiscal Year 2025 Results on May 15, 2025 Suncall Corporation announced that they will report fiscal year 2025 results on May 15, 2025 Reported Earnings • Feb 16
Third quarter 2025 earnings released: EPS: JP¥38.30 (vs JP¥105 loss in 3Q 2024) Third quarter 2025 results: EPS: JP¥38.30 (up from JP¥105 loss in 3Q 2024). Revenue: JP¥16.8b (up 26% from 3Q 2024). Net income: JP¥1.16b (up JP¥4.33b from 3Q 2024). Profit margin: 6.9% (up from net loss in 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance. New Risk • Jan 21
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 Japanese stocks, typically moving 5.1% 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: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 77% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (5.1% average weekly change). Market cap is less than US$100m (JP¥7.45b market cap, or US$47.9m). Announcement • Jan 17
Suncall Corporation to Report Q3, 2025 Results on Feb 14, 2025 Suncall Corporation announced that they will report Q3, 2025 results on Feb 14, 2025 Reported Earnings • Nov 10
Second quarter 2025 earnings released: EPS: JP¥40.63 (vs JP¥5.72 loss in 2Q 2024) Second quarter 2025 results: EPS: JP¥40.63 (up from JP¥5.72 loss in 2Q 2024). Revenue: JP¥16.0b (up 19% from 2Q 2024). Net income: JP¥1.23b (up JP¥1.40b from 2Q 2024). Profit margin: 7.7% (up from net loss in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 123 percentage points per year, which is a significant difference in performance. New Risk • Nov 07
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 Japanese stocks, typically moving 5.9% 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: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 75% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (5.9% average weekly change). Market cap is less than US$100m (JP¥12.2b market cap, or US$79.2m). Announcement • Oct 09
Suncall Corporation to Report Q2, 2025 Results on Nov 08, 2024 Suncall Corporation announced that they will report Q2, 2025 results on Nov 08, 2024 Reported Earnings • Aug 14
First quarter 2025 earnings released: JP¥76.12 loss per share (vs JP¥16.93 loss in 1Q 2024) First quarter 2025 results: JP¥76.12 loss per share (further deteriorated from JP¥16.93 loss in 1Q 2024). Revenue: JP¥14.3b (up 22% from 1Q 2024). Net loss: JP¥2.29b (loss widened 351% from 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 130 percentage points per year, which is a significant difference in performance. New Risk • Aug 05
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 Japanese stocks, typically moving 6.0% 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: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 65% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.0% average weekly change). Market cap is less than US$100m (JP¥11.4b market cap, or US$79.8m). Board Change • Aug 01
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Outside Director Toru Kakegawa 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 • Jun 29
Suncall Corporation to Report Q1, 2025 Results on Aug 09, 2024 Suncall Corporation announced that they will report Q1, 2025 results on Aug 09, 2024 Reported Earnings • May 13
Full year 2024 earnings released: JP¥393 loss per share (vs JP¥18.54 profit in FY 2023) Full year 2024 results: JP¥393 loss per share (down from JP¥18.54 profit in FY 2023). Revenue: JP¥51.5b (down 3.6% from FY 2023). Net loss: JP¥11.8b (down JP¥12.4b from profit in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 123 percentage points per year, which is a significant difference in performance. Announcement • May 12
Suncall Corporation, Annual General Meeting, Jun 27, 2024 Suncall Corporation, Annual General Meeting, Jun 27, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 26 June 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (2.6%). Announcement • Mar 17
Suncall Corporation to Report Fiscal Year 2024 Results on May 10, 2024 Suncall Corporation announced that they will report fiscal year 2024 results on May 10, 2024 Reported Earnings • Feb 10
Third quarter 2024 earnings released: JP¥105 loss per share (vs JP¥11.45 profit in 3Q 2023) Third quarter 2024 results: JP¥105 loss per share (down from JP¥11.45 profit in 3Q 2023). Revenue: JP¥13.4b (down 4.4% from 3Q 2023). Net loss: JP¥3.17b (down JP¥3.52b from profit in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Announcement • Dec 22
Suncall Corporation to Report Q3, 2024 Results on Feb 09, 2024 Suncall Corporation announced that they will report Q3, 2024 results on Feb 09, 2024 Reported Earnings • Nov 12
Second quarter 2024 earnings released: JP¥5.72 loss per share (vs JP¥4.49 profit in 2Q 2023) Second quarter 2024 results: JP¥5.72 loss per share (down from JP¥4.49 profit in 2Q 2023). Revenue: JP¥13.5b (down 3.8% from 2Q 2023). Net loss: JP¥172.0m (down 227% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 4% per year. Announcement • Sep 30
Suncall Corporation to Report Q2, 2024 Results on Nov 10, 2023 Suncall Corporation announced that they will report Q2, 2024 results on Nov 10, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of JP¥10.00 per share at 4.0% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 11 December 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (2.5%). New Risk • Aug 10
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥14.2b (US$98.3m) 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 Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 29% per year over the past 5 years. Minor Risk Market cap is less than US$100m (JP¥14.2b market cap, or US$98.3m). Reported Earnings • Aug 08
First quarter 2024 earnings released: JP¥16.93 loss per share (vs JP¥14.55 profit in 1Q 2023) First quarter 2024 results: JP¥16.93 loss per share (down from JP¥14.55 profit in 1Q 2023). Revenue: JP¥11.7b (down 8.6% from 1Q 2023). Net loss: JP¥509.0m (down 217% from profit in 1Q 2023). 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 6% per year, which means it is significantly lagging earnings growth. Announcement • Jun 28
Suncall Corporation to Report Q1, 2024 Results on Aug 04, 2023 Suncall Corporation announced that they will report Q1, 2024 results on Aug 04, 2023 New Risk • Jun 16
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 108% The company is paying a dividend despite having no free cash flows. Dividend yield: 3.8% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 108% Paying a dividend despite having no free cash flows. Earnings have declined by 25% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.0% net profit margin). Reported Earnings • May 17
Full year 2023 earnings released: EPS: JP¥18.54 (vs JP¥29.31 in FY 2022) Full year 2023 results: EPS: JP¥18.54 (down from JP¥29.31 in FY 2022). Revenue: JP¥53.4b (up 13% from FY 2022). Net income: JP¥557.0m (down 38% from FY 2022). Profit margin: 1.0% (down from 1.9% in FY 2022). 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. Announcement • May 14
Suncall Corporation, Annual General Meeting, Jun 23, 2023 Suncall Corporation, Annual General Meeting, Jun 23, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥14.00 per share at 3.7% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 27 June 2023. Payout ratio is a comfortable 52% but the company is not cash flow positive. Trailing yield: 3.7%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (3.2%). Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: JP¥11.45 (vs JP¥3.07 in 3Q 2022) Third quarter 2023 results: EPS: JP¥11.45 (up from JP¥3.07 in 3Q 2022). Revenue: JP¥14.0b (up 20% from 3Q 2022). Net income: JP¥344.0m (up 274% from 3Q 2022). Profit margin: 2.5% (up from 0.8% in 3Q 2022). 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 5% per year, which means it is significantly lagging earnings growth. Announcement • Dec 29
Suncall Corporation to Report Q3, 2023 Results on Feb 10, 2023 Suncall Corporation announced that they will report Q3, 2023 results on Feb 10, 2023 Board Change • Nov 16
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 5 independent directors. 7 non-independent directors. Independent Outside Director Fumiko Kagiya was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Nov 13
Second quarter 2023 earnings released: EPS: JP¥4.49 (vs JP¥5.81 in 2Q 2022) Second quarter 2023 results: EPS: JP¥4.49 (down from JP¥5.81 in 2Q 2022). Revenue: JP¥14.0b (up 19% from 2Q 2022). Net income: JP¥135.0m (down 27% from 2Q 2022). Profit margin: 1.0% (down from 1.6% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 10% per year. Announcement • Sep 28
Suncall Corporation to Report Q2, 2023 Results on Nov 11, 2022 Suncall Corporation announced that they will report Q2, 2023 results on Nov 11, 2022 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥11.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 12 December 2022. Payout ratio is a comfortable 57% but the company is not cash flow positive. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (3.1%). Reported Earnings • Aug 07
First quarter 2023 earnings released: EPS: JP¥14.55 (vs JP¥8.52 in 1Q 2022) First quarter 2023 results: EPS: JP¥14.55 (up from JP¥8.52 in 1Q 2022). Revenue: JP¥12.8b (up 9.3% from 1Q 2022). Net income: JP¥437.0m (up 62% from 1Q 2022). Profit margin: 3.4% (up from 2.3% in 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Announcement • Jul 02
Suncall Corporation to Report Q1, 2023 Results on Aug 05, 2022 Suncall Corporation announced that they will report Q1, 2023 results on Aug 05, 2022 Valuation Update With 7 Day Price Move • May 20
Investor sentiment improved over the past week After last week's 17% share price gain to JP¥619, the stock trades at a trailing P/E ratio of 20.5x. Average trailing P/E is 9x in the Auto Components industry in Japan. Total returns to shareholders of 37% over the past three years. Reported Earnings • May 18
Full year 2022 earnings released: EPS: JP¥29.31 (vs JP¥1.93 in FY 2021) Full year 2022 results: EPS: JP¥29.31 (up from JP¥1.93 in FY 2021). Revenue: JP¥47.4b (up 18% from FY 2021). Net income: JP¥904.0m (up JP¥843.0m from FY 2021). Profit margin: 1.9% (up from 0.2% in FY 2021). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Announcement • May 15
Suncall Corporation, Annual General Meeting, Jun 24, 2022 Suncall Corporation, Annual General Meeting, Jun 24, 2022. Board Change • Apr 27
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, 2 were independent directors. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Outside Director Yasuyuki Yoshioka was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Announcement • Apr 08
Suncall Corporation to Report Fiscal Year 2022 Results on May 13, 2022 Suncall Corporation announced that they will report fiscal year 2022 results on May 13, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥11.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 24 June 2022. Payout ratio is a comfortable 45% but the company is paying out more than the cash it is generating. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (3.0%). Reported Earnings • Feb 12
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥3.07 (down from JP¥7.14 in 3Q 2021). Revenue: JP¥11.7b (flat on 3Q 2021). Net income: JP¥92.0m (down 59% from 3Q 2021). Profit margin: 0.8% (down from 1.9% in 3Q 2021). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 8.7%, compared to a 9.1% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 40% 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. Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment improved over the past week After last week's 20% share price gain to JP¥563, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 8x in the Auto Components industry in Japan. Total returns to shareholders of 7.6% over the past three years. Reported Earnings • Nov 15
Second quarter 2022 earnings released: EPS JP¥5.81 (vs JP¥10.62 loss in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥11.8b (up 33% from 2Q 2021). Net income: JP¥184.0m (up JP¥520.0m from 2Q 2021). Profit margin: 1.6% (up from net loss in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥9.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 10 December 2021. Trailing yield: 4.2%. Within top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (2.5%). Announcement • Aug 06
Suncall Corporation (TSE:5985) announces an Equity Buyback for 1,800,000 shares, representing 5.62% for ¥748.84 million. Suncall Corporation (TSE:5985) announces a share repurchase program. Under the program, the company will repurchase up to 1,800,000 shares, representing 5.62% of its issued share capital for ¥748.84 million. The shares will be repurchased at a price of ¥416 per share. The shares will be repurchased from Itochu Corporation and other shareholders. The program will be financed from own funds. The purpose of the program is to improve capital efficiency and implement a flexible capital policy in response to changes in the business environment . If the offer is oversubscribed, the company will prorate the number of shares accepted for payment in one unit i.e. additional 100 shares. The program is valid till September 3, 2021 (20 business days from commencement). As of August 5, 2021, the company has 34,057,923 shares issued of which 2,027,647 shares are in treasury. Reported Earnings • Aug 06
First quarter 2022 earnings released: EPS JP¥8.52 (vs JP¥21.51 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¥11.7b (up 47% from 1Q 2021). Net income: JP¥270.0m (up JP¥950.0m from 1Q 2021). Profit margin: 2.3% (up from net loss in 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance. Reported Earnings • Jun 27
Full year 2021 earnings released: EPS JP¥1.93 (vs JP¥35.32 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥40.1b (down 5.2% from FY 2020). Net income: JP¥61.0m (down 95% from FY 2020). Profit margin: 0.2% (down from 2.7% in FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance. Reported Earnings • May 18
Full year 2021 earnings released: EPS JP¥1.93 (vs JP¥35.32 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥40.1b (down 5.2% from FY 2020). Net income: JP¥61.0m (down 95% from FY 2020). Profit margin: 0.2% (down from 2.7% in FY 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. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥11.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 25 June 2021. Trailing yield: 4.1%. Within top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.9%). Reported Earnings • Feb 14
Third quarter 2021 earnings released: EPS JP¥7.14 (vs JP¥27.57 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: JP¥11.8b (up 12% from 3Q 2020). Net income: JP¥226.0m (down 74% from 3Q 2020). Profit margin: 1.9% (down from 8.3% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 64% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 02
New 90-day high: JP¥494 The company is up 17% from its price of JP¥424 on 04 November 2020. The Japanese market is up 14% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Auto Components industry, which is also up 17% over the same period. Is New 90 Day High Low • Dec 25
New 90-day high: JP¥480 The company is up 8.0% from its price of JP¥445 on 25 September 2020. The Japanese market is also up 8.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Auto Components industry, which is up 15% over the same period. Price Target Changed • Dec 01
Price target raised to JP¥500 Up from JP¥450, the current price target is provided by 1 analyst. The new target price is 18% above the current share price of JP¥422. As of last close, the stock is down 13% over the past year. Announcement • Aug 30
Suncall Corporation to Report Q2, 2021 Results on Nov 13, 2020 Suncall Corporation announced that they will report Q2, 2021 results on Nov 13, 2020 Announcement • Jul 05
Suncall Corporation to Report Q1, 2021 Results on Aug 06, 2020 Suncall Corporation announced that they will report Q1, 2021 results on Aug 06, 2020