Announcement • Jun 03
TPR Co., Ltd. to Report Q1, 2027 Results on Aug 07, 2026 TPR Co., Ltd. announced that they will report Q1, 2027 results at 9:00 AM, Tokyo Standard Time on Aug 07, 2026 Reported Earnings • May 20
Full year 2026 earnings: EPS exceeds analyst expectations Full year 2026 results: EPS: JP¥143 (up from JP¥132 in FY 2025). Revenue: JP¥190.6b (down 1.0% from FY 2025). Net income: JP¥9.39b (up 6.0% from FY 2025). Profit margin: 4.9% (up from 4.6% in FY 2025). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 26%. Revenue is forecast to grow 7.2% p.a. on average during the next 2 years, compared to a 3.5% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 18% per year. Buy Or Sell Opportunity • May 15
Now 20% overvalued Over the last 90 days, the stock has fallen 4.4% to JP¥1,319. The fair value is estimated to be JP¥1,095, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 25%. Revenue is forecast to grow by 15% in 2 years. Earnings are forecast to grow by 1.6% in the next 2 years. Announcement • May 10
TPR Co., Ltd. to Report Fiscal Year 2026 Results on May 15, 2026 TPR Co., Ltd. announced that they will report fiscal year 2026 results on May 15, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 09 June 2026. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 4.3%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.8%). Reported Earnings • Feb 14
Third quarter 2026 earnings released: EPS: JP¥31.28 (vs JP¥60.82 in 3Q 2025) Third quarter 2026 results: EPS: JP¥31.28 (down from JP¥60.82 in 3Q 2025). Revenue: JP¥47.7b (down 1.0% from 3Q 2025). Net income: JP¥2.05b (down 50% from 3Q 2025). Profit margin: 4.3% (down from 8.5% in 3Q 2025). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 25% per year whereas the company’s share price has increased by 26% per year. Buy Or Sell Opportunity • Dec 13
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 6.4% to JP¥1,294. The fair value is estimated to be JP¥1,056, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.0% over the last 3 years. Earnings per share has grown by 28%. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to decline by 26% in the next 2 years. Declared Dividend • Dec 11
First half dividend of JP¥25.00 announced Shareholders will receive a dividend of JP¥25.00. Ex-date: 30th March 2026 Payment date: 9th June 2026 Dividend yield will be 5.9%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (32% earnings payout ratio) and cash flows (27% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 17% over the next 3 years. However, it would need to fall by 65% to increase the payout ratio to a potentially unsustainable range. Announcement • Nov 29
TPR Co., Ltd. to Report Q3, 2026 Results on Feb 13, 2026 TPR Co., Ltd. announced that they will report Q3, 2026 results on Feb 13, 2026 Buy Or Sell Opportunity • Nov 26
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 7.3% to JP¥1,261. The fair value is estimated to be JP¥1,039, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.0% over the last 3 years. Earnings per share has grown by 33%. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to decline by 26% in the next 2 years. Reported Earnings • Nov 15
Second quarter 2026 earnings released Second quarter 2026 results: Revenue: JP¥46.5b (down 7.0% from 2Q 2025). Net income: JP¥3.50b (up 115% from 2Q 2025). Profit margin: 7.5% (up from 3.3% in 2Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Auto Components industry in Japan. Buy Or Sell Opportunity • Oct 16
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 17% to JP¥1,199. The fair value is estimated to be JP¥988, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.7% over the last 3 years. Earnings per share has grown by 24%. Revenue is forecast to grow by 7.1% in 2 years. Earnings are forecast to decline by 14% in the next 2 years. Price Target Changed • Oct 10
Price target increased by 18% to JP¥1,180 Up from JP¥1,000, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of JP¥1,189. Stock is up 2.9% over the past year. The company is forecast to post earnings per share of JP¥117 for next year compared to JP¥132 last year. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥50.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 10 December 2025. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 4.1%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (3.0%). Announcement • Sep 05
TPR Co., Ltd. to Report Q2, 2026 Results on Nov 13, 2025 TPR Co., Ltd. announced that they will report Q2, 2026 results on Nov 13, 2025 Reported Earnings • Aug 09
First quarter 2026 earnings released: EPS: JP¥43.74 (vs JP¥49.59 in 1Q 2025) First quarter 2026 results: EPS: JP¥43.74 (down from JP¥49.59 in 1Q 2025). Revenue: JP¥43.9b (down 7.6% from 1Q 2025). Net income: JP¥1.45b (down 13% from 1Q 2025). Profit margin: 3.3% (down from 3.5% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 20% per year. Declared Dividend • Jul 09
Final dividend of JP¥50.00 announced Shareholders will receive a dividend of JP¥50.00. Ex-date: 29th September 2025 Payment date: 10th December 2025 Dividend yield will be 4.9%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (38% earnings payout ratio) and cash flows (26% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 6.4% over the next 3 years. However, it would need to fall by 58% to increase the payout ratio to a potentially unsustainable range. Announcement • Jun 29
TPR Co., Ltd. to Report Q1, 2026 Results on Aug 08, 2025 TPR Co., Ltd. announced that they will report Q1, 2026 results on Aug 08, 2025 Announcement • Jun 24
TPR Co., Ltd. (TSE:6463) announces an Equity Buyback for 1,300,000 shares, representing 3.92% for ¥2,500 million. TPR Co., Ltd. (TSE:6463) announces a share repurchase program. Under the program, the company will repurchase up to 1,300,000 common shares, representing 2.08% of its issued and outstanding shares, for total worth of ¥2,500 million. The purpose of the plan is to enhance shareholder returns by flexibly implementing the capital policy and to improve capital efficiency. The plan will be valid up to February 27, 2026. As of March 31, 2025, the company had 33,189,826 shares issued and outstanding and 1,110,273 shares in its treasury. Reported Earnings • Jun 24
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: JP¥264 (up from JP¥243 in FY 2024). Revenue: JP¥192.5b (flat on FY 2024). Net income: JP¥8.87b (up 8.2% from FY 2024). Profit margin: 4.6% (up from 4.2% in FY 2024). Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) also missed analyst estimates by 2.9%. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 15% per year. Major Estimate Revision • Jun 14
Consensus EPS estimates fall by 21% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from JP¥200.0b to JP¥190.0b. EPS estimate also fell from JP¥284 per share to JP¥225 per share. Net income forecast to shrink 16% next year vs 2.5% growth forecast for Auto Components industry in Japan . Consensus price target down from JP¥2,450 to JP¥2,000. Share price was steady at JP¥1,880 over the past week. Price Target Changed • Jun 13
Price target decreased by 20% to JP¥2,000 Down from JP¥2,500, the current price target is provided by 1 analyst. New target price is 6.4% above last closing price of JP¥1,880. Stock is down 24% over the past year. The company is forecast to post earnings per share of JP¥225 for next year compared to JP¥264 last year. New Risk • Jun 13
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 2.6% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 Risk Earnings are forecast to decline by an average of 2.6% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • May 20
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: JP¥264 (up from JP¥243 in FY 2024). Revenue: JP¥192.5b (flat on FY 2024). Net income: JP¥8.87b (up 8.2% from FY 2024). Profit margin: 4.6% (up from 4.2% in FY 2024). Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) also missed analyst estimates by 2.9%. Revenue is forecast to grow 4.4% p.a. on average during the next 2 years, compared to a 2.9% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 19% per year. Announcement • May 15
TPR Co., Ltd., Annual General Meeting, Jun 24, 2025 TPR Co., Ltd., Annual General Meeting, Jun 24, 2025. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥2,023, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 8x in the Auto Components industry in Japan. Total returns to shareholders of 83% over the past three years. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥50.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 10 June 2025. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (3.3%). Announcement • Mar 11
TPR Co., Ltd. to Report Fiscal Year 2025 Results on May 15, 2025 TPR Co., Ltd. announced that they will report fiscal year 2025 results at 3:00 PM, Tokyo Standard Time on May 15, 2025 Reported Earnings • Feb 15
Third quarter 2025 earnings released: EPS: JP¥122 (vs JP¥70.34 in 3Q 2024) Third quarter 2025 results: EPS: JP¥122 (up from JP¥70.34 in 3Q 2024). Revenue: JP¥48.2b (down 4.0% from 3Q 2024). Net income: JP¥4.10b (up 73% from 3Q 2024). Profit margin: 8.5% (up from 4.7% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 18% per year. Declared Dividend • Dec 11
First half dividend of JP¥50.00 announced Shareholders will receive a dividend of JP¥50.00. Ex-date: 28th March 2025 Payment date: 10th June 2025 Dividend yield will be 4.3%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (37% earnings payout ratio) and cash flows (21% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 46% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Dec 03
TPR Co., Ltd. to Report Q3, 2025 Results on Feb 13, 2025 TPR Co., Ltd. announced that they will report Q3, 2025 results on Feb 13, 2025 Reported Earnings • Nov 17
Second quarter 2025 earnings released: EPS: JP¥48.21 (vs JP¥61.52 in 2Q 2024) Second quarter 2025 results: EPS: JP¥48.21 (down from JP¥61.52 in 2Q 2024). Revenue: JP¥50.0b (up 4.1% from 2Q 2024). Net income: JP¥1.63b (down 22% from 2Q 2024). Profit margin: 3.3% (down from 4.3% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Sep 26
TPR Co., Ltd. to Report Q2, 2025 Results on Nov 13, 2024 TPR Co., Ltd. announced that they will report Q2, 2025 results on Nov 13, 2024 Upcoming Dividend • Sep 20
Upcoming dividend of JP¥50.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 11 December 2024. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 4.4%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (3.5%). Reported Earnings • Aug 14
First quarter 2025 earnings released: EPS: JP¥50.97 (vs JP¥38.66 in 1Q 2024) First quarter 2025 results: EPS: JP¥50.97 (up from JP¥38.66 in 1Q 2024). Revenue: JP¥45.0b (up 2.0% from 1Q 2024). Net income: JP¥1.72b (up 32% from 1Q 2024). Profit margin: 3.8% (up from 3.0% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to JP¥1,938, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 8x in the Auto Components industry in Japan. Total returns to shareholders of 38% over the past three years. Buy Or Sell Opportunity • Jul 16
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 12% to JP¥2,526. The fair value is estimated to be JP¥2,105, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.1% over the last 3 years. Earnings per share has declined by 3.1%. For the next 3 years, revenue is forecast to grow by 4.4% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Declared Dividend • Jul 11
Final dividend of JP¥50.00 announced Shareholders will receive a dividend of JP¥50.00. Ex-date: 27th September 2024 Payment date: 11th December 2024 Dividend yield will be 3.5%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (27% earnings payout ratio) and cash flows (24% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 35% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 17
TPR Co., Ltd. to Report Q1, 2025 Results on Aug 09, 2024 TPR Co., Ltd. announced that they will report Q1, 2025 results on Aug 09, 2024 Reported Earnings • May 20
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: JP¥243 (up from JP¥113 in FY 2023). Revenue: JP¥193.8b (up 8.5% from FY 2023). Net income: JP¥8.20b (up 113% from FY 2023). Profit margin: 4.2% (up from 2.2% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.1%. Revenue is forecast to grow 5.2% p.a. on average during the next 2 years, compared to a 3.8% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Announcement • May 17
TPR Co., Ltd., Annual General Meeting, Jun 27, 2024 TPR Co., Ltd., Annual General Meeting, Jun 27, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 10 June 2024. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.2%). In line with average of industry peers (2.6%). Announcement • Mar 20
TPR Co., Ltd. to Report Fiscal Year 2024 Results on May 15, 2024 TPR Co., Ltd. announced that they will report fiscal year 2024 results on May 15, 2024 Reported Earnings • Feb 14
Third quarter 2024 earnings released: EPS: JP¥70.34 (vs JP¥29.94 in 3Q 2023) Third quarter 2024 results: EPS: JP¥70.34 (up from JP¥29.94 in 3Q 2023). Revenue: JP¥50.2b (up 7.0% from 3Q 2023). Net income: JP¥2.37b (up 134% from 3Q 2023). Profit margin: 4.7% (up from 2.2% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Auto Components industry in Japan. 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 10% per year, which means it is well ahead of earnings. Announcement • Dec 20
TPR Co., Ltd. to Report Q3, 2024 Results on Feb 13, 2024 TPR Co., Ltd. announced that they will report Q3, 2024 results on Feb 13, 2024 New Risk • Dec 12
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.1% 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 (2.1% increase in shares outstanding). Reported Earnings • Nov 15
Second quarter 2024 earnings released: EPS: JP¥61.51 (vs JP¥22.30 in 2Q 2023) Second quarter 2024 results: EPS: JP¥61.51 (up from JP¥22.30 in 2Q 2023). Revenue: JP¥48.0b (up 11% from 2Q 2023). Net income: JP¥2.07b (up 172% from 2Q 2023). Profit margin: 4.3% (up from 1.8% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 8% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥30.00 per share at 3.2% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 11 December 2023. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (2.5%). Announcement • Sep 17
TPR Co., Ltd. to Report Q2, 2024 Results on Nov 13, 2023 TPR Co., Ltd. announced that they will report Q2, 2024 results on Nov 13, 2023 Reported Earnings • Aug 12
First quarter 2024 earnings released: EPS: JP¥38.66 (vs JP¥17.18 in 1Q 2023) First quarter 2024 results: EPS: JP¥38.66 (up from JP¥17.18 in 1Q 2023). Revenue: JP¥44.1b (up 12% from 1Q 2023). Net income: JP¥1.30b (up 120% from 1Q 2023). Profit margin: 3.0% (up from 1.5% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 8% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 12
TPR Co., Ltd. Provides Consolidated Earnings Guidance for the Year Ending March 31, 2024 TPR Co., Ltd. provided consolidated earnings guidance for the year ending March 31, 2024. For the year, the company expected net sales of JPY 189,400 million, Operating profit of JPY 9,600 million, Profit attributable to owners of parent of JPY 6,800 million and Basic earnings per share of JPY 201.79. Major Estimate Revision • Jul 21
Consensus EPS estimates increase by 17% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from JP¥200 to JP¥234. Revenue forecast unchanged at JP¥190.0b. Net income forecast to grow 106% next year vs 26% growth forecast for Auto Components industry in Japan. Consensus price target up from JP¥1,500 to JP¥1,800. Share price rose 2.6% to JP¥1,747 over the past week. Announcement • Jun 21
TPR Co., Ltd. to Report Q1, 2024 Results on Aug 10, 2023 TPR Co., Ltd. announced that they will report Q1, 2024 results on Aug 10, 2023 Reported Earnings • May 18
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: JP¥113 (down from JP¥234 in FY 2022). Revenue: JP¥178.6b (up 9.2% from FY 2022). Net income: JP¥3.84b (down 53% from FY 2022). Profit margin: 2.2% (down from 4.9% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 36%. Revenue is forecast to grow 8.1% p.a. on average during the next 2 years, compared to a 4.3% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 4% per year. Announcement • May 16
TPR Co., Ltd., Annual General Meeting, Jun 29, 2023 TPR Co., Ltd., Annual General Meeting, Jun 29, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥28.00 per share at 4.4% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 09 June 2023. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 4.4%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (3.2%). Reported Earnings • Feb 14
Third quarter 2023 earnings released: EPS: JP¥29.94 (vs JP¥37.00 in 3Q 2022) Third quarter 2023 results: EPS: JP¥29.94 (down from JP¥37.00 in 3Q 2022). Revenue: JP¥46.9b (up 20% from 3Q 2022). Net income: JP¥1.01b (down 21% from 3Q 2022). Profit margin: 2.2% (down from 3.3% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 7% per year. Announcement • Dec 04
TPR Co., Ltd. to Report Q3, 2023 Results on Feb 13, 2023 TPR Co., Ltd. announced that they will report Q3, 2023 results on Feb 13, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: JP¥22.30 (vs JP¥61.27 in 2Q 2022) Second quarter 2023 results: EPS: JP¥22.30 (down from JP¥61.27 in 2Q 2022). Revenue: JP¥43.3b (up 6.5% from 2Q 2022). Net income: JP¥762.0m (down 64% from 2Q 2022). Profit margin: 1.8% (down from 5.2% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings. Reported Earnings • Nov 13
Second quarter 2023 earnings released: EPS: JP¥22.30 (vs JP¥61.27 in 2Q 2022) Second quarter 2023 results: EPS: JP¥22.30 (down from JP¥61.27 in 2Q 2022). Revenue: JP¥43.3b (up 6.5% from 2Q 2022). Net income: JP¥762.0m (down 64% from 2Q 2022). Profit margin: 1.8% (down from 5.2% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings. Announcement • Sep 24
TPR Co., Ltd. to Report Q2, 2023 Results on Nov 11, 2022 TPR Co., Ltd. announced that they will report Q2, 2023 results on Nov 11, 2022 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 14 December 2022. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 4.7%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (3.1%). Reported Earnings • Aug 14
First quarter 2023 earnings released: EPS: JP¥17.18 (vs JP¥59.65 in 1Q 2022) First quarter 2023 results: EPS: JP¥17.18 (down from JP¥59.65 in 1Q 2022). Revenue: JP¥39.4b (down 2.2% from 1Q 2022). Net income: JP¥592.0m (down 71% from 1Q 2022). Profit margin: 1.5% (down from 5.1% in 1Q 2022). The decrease in margin was primarily driven by lower revenue. Over the next year, revenue is forecast to grow 11%, compared to a 12% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 6% per year. Buying Opportunity • Jul 30
Now 21% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be JP¥1,582, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.3% over the last 3 years. Earnings per share has declined by 14%. For the next 3 years, revenue is forecast to grow by 5.1% per annum. Earnings is also forecast to grow by 6.8% per annum over the same time period. Announcement • Jun 29
TPR Co., Ltd. to Report Q1, 2023 Results on Aug 12, 2022 TPR Co., Ltd. announced that they will report Q1, 2023 results on Aug 12, 2022 Major Estimate Revision • Jun 22
Consensus forecasts updated The consensus outlook for 2023 has been updated. 2023 revenue forecast increased from JP¥172.0b to JP¥179.0b. EPS estimate fell from JP¥275 to JP¥241 per share. Net income forecast to grow 17% next year vs 9.4% growth forecast for Auto Components industry in Japan. Consensus price target up from JP¥1,383 to JP¥1,700. Share price was steady at JP¥1,206 over the past week.