Reported Earnings • May 20
Full year 2026 earnings released: EPS: JP¥77.34 (vs JP¥21.90 in FY 2025) Full year 2026 results: EPS: JP¥77.34 (up from JP¥21.90 in FY 2025). Revenue: JP¥51.7b (flat on FY 2025). Net income: JP¥2.23b (up 254% from FY 2025). Profit margin: 4.3% (up from 1.2% in FY 2025). Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. New Risk • May 18
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥15.0b (US$94.6m) 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. Share price has been volatile over the past 3 months (8.1% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (JP¥15.0b market cap, or US$94.6m). Valuation Update With 7 Day Price Move • May 18
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥522, the stock trades at a trailing P/E ratio of 6.7x. Average trailing P/E is 10x in the Auto Components industry in Japan. Total returns to shareholders of 126% over the past three years. Announcement • May 15
NITTAN Corporation, Annual General Meeting, Jun 24, 2026 NITTAN Corporation, Annual General Meeting, Jun 24, 2026. Announcement • May 10
NITTAN Corporation to Report Fiscal Year 2026 Results on May 15, 2026 NITTAN Corporation announced that they will report fiscal year 2026 results on May 15, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥13.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 23 June 2026. Payout ratio is a comfortable 17% 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 (2.8%). Reported Earnings • Jan 31
Third quarter 2026 earnings released: EPS: JP¥19.16 (vs JP¥10.77 in 3Q 2025) Third quarter 2026 results: EPS: JP¥19.16 (up from JP¥10.77 in 3Q 2025). Revenue: JP¥13.1b (up 9.5% from 3Q 2025). Net income: JP¥552.0m (up 78% from 3Q 2025). Profit margin: 4.2% (up from 2.6% in 3Q 2025). Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 47% per year, which means it is significantly lagging earnings growth. Announcement • Dec 17
NITTAN Corporation announced that it has received ¥1.49667728 billion in funding from Yokohama Capital Co. Ltd. On December 15, 2025, NITTAN Corporation closed the transaction. The company issued 15,552 series 1 stock acquisition rights at an issue price of ¥140 for the proceeds of ¥2,177,280 and series 1 unsecured convertible bonds with 49 stock acquisition rights for gross proceeds of ¥1,494,500,000 for aggregate proceeds of ¥1,496,677,280. The transaction includes participation from new investor, Yokohama Bridge Fund, a fund managed by Yokohama Capital Co. Ltd. The stock acquisition rights will be convertible into 1,555,200 shares. The exercise price will be of ¥643. The bonds will be convertible into 2,324,200 shares at a conversion price of ¥643 per share. Announcement • Dec 02
NITTAN Corporation to Report Q3, 2026 Results on Jan 30, 2026 NITTAN Corporation announced that they will report Q3, 2026 results on Jan 30, 2026 Reported Earnings • Nov 01
Second quarter 2026 earnings released: EPS: JP¥22.64 (vs JP¥6.29 in 2Q 2025) Second quarter 2026 results: EPS: JP¥22.64 (up from JP¥6.29 in 2Q 2025). Revenue: JP¥12.0b (down 11% from 2Q 2025). Net income: JP¥652.0m (up 260% from 2Q 2025). Profit margin: 5.4% (up from 1.3% in 2Q 2025). Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 24
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥622, the stock trades at a trailing P/E ratio of 11.6x. Average trailing P/E is 11x in the Auto Components industry in Japan. Total returns to shareholders of 158% over the past three years. Announcement • Sep 27
NITTAN Corporation to Report Q2, 2026 Results on Oct 31, 2025 NITTAN Corporation announced that they will report Q2, 2026 results on Oct 31, 2025 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥7.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 08 December 2025. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (3.0%). Valuation Update With 7 Day Price Move • Aug 28
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥606, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 11x in the Auto Components industry in Japan. Total returns to shareholders of 145% over the past three years. Buy Or Sell Opportunity • Aug 05
Now 20% undervalued Over the last 90 days, the stock has risen 66% to JP¥451. The fair value is estimated to be JP¥566, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.7% over the last 3 years. Earnings per share has grown by 39%. Reported Earnings • Aug 02
First quarter 2026 earnings released: EPS: JP¥25.30 (vs JP¥6.58 loss in 1Q 2025) First quarter 2026 results: EPS: JP¥25.30 (up from JP¥6.58 loss in 1Q 2025). Revenue: JP¥12.4b (up 2.9% from 1Q 2025). Net income: JP¥728.0m (up JP¥917.0m from 1Q 2025). Profit margin: 5.9% (up from net loss in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Jul 14
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 42% to JP¥363. The fair value is estimated to be JP¥298, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 4.8%. Announcement • Jul 02
NITTAN Corporation to Report Q1, 2026 Results on Jul 31, 2025 NITTAN Corporation announced that they will report Q1, 2026 results on Jul 31, 2025 Buy Or Sell Opportunity • Jun 30
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 36% to JP¥377. The fair value is estimated to be JP¥302, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 4.8%. Reported Earnings • Jun 25
Full year 2025 earnings released: EPS: JP¥21.90 (vs JP¥20.92 in FY 2024) Full year 2025 results: EPS: JP¥21.90 (up from JP¥20.92 in FY 2024). Revenue: JP¥51.4b (up 4.0% from FY 2024). Net income: JP¥630.0m (up 4.8% from FY 2024). Profit margin: 1.2% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 8% per year. Reported Earnings • May 19
Full year 2025 earnings released: EPS: JP¥21.90 (vs JP¥20.92 in FY 2024) Full year 2025 results: EPS: JP¥21.90 (up from JP¥20.92 in FY 2024). Revenue: JP¥51.4b (up 4.0% from FY 2024). Net income: JP¥630.0m (up 4.8% from FY 2024). Profit margin: 1.2% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 1% per year. Announcement • May 15
NITTAN Corporation, Annual General Meeting, Jun 20, 2025 NITTAN Corporation, Annual General Meeting, Jun 20, 2025. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥229, the stock trades at a trailing P/E ratio of 78.4x. Average trailing P/E is 9x in the Auto Components industry in Japan. Total loss to shareholders of 3.9% over the past three years. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥6.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 24 June 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 4.1%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (3.3%). Announcement • Mar 01
NITTAN Corporation to Report Fiscal Year 2025 Results on Mar 31, 2025 NITTAN Corporation announced that they will report fiscal year 2025 results at 3:00 PM, Tokyo Standard Time on Mar 31, 2025 Reported Earnings • Feb 01
Third quarter 2025 earnings released: EPS: JP¥10.77 (vs JP¥13.78 in 3Q 2024) Third quarter 2025 results: EPS: JP¥10.77 (down from JP¥13.78 in 3Q 2024). Revenue: JP¥12.0b (down 8.6% from 3Q 2024). Net income: JP¥310.0m (down 22% from 3Q 2024). Profit margin: 2.6% (down from 3.0% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Announcement • Dec 10
NITTAN Corporation to Report Q3, 2025 Results on Jan 31, 2025 NITTAN Corporation announced that they will report Q3, 2025 results on Jan 31, 2025 Reported Earnings • Nov 04
Second quarter 2025 earnings released: EPS: JP¥8.45 (vs JP¥6.48 in 2Q 2024) Second quarter 2025 results: EPS: JP¥8.45 (up from JP¥6.48 in 2Q 2024). Revenue: JP¥13.5b (up 2.6% from 2Q 2024). Net income: JP¥243.0m (up 31% from 2Q 2024). Profit margin: 1.8% (up from 1.4% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 53% 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. Announcement • Sep 27
NITTAN Corporation to Report Q2, 2025 Results on Nov 01, 2024 NITTAN Corporation announced that they will report Q2, 2025 results on Nov 01, 2024 Upcoming Dividend • Sep 20
Upcoming dividend of JP¥6.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 05 December 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 4.4%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (3.5%). 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 7.1% 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: Minor Risks Dividend is not well covered by earnings (197% payout ratio). Share price has been volatile over the past 3 months (7.1% average weekly change). Profit margins are more than 30% lower than last year (0.4% net profit margin). Market cap is less than US$100m (JP¥6.35b market cap, or US$44.6m). New Risk • Aug 03
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.4% Last year net profit margin: 1.4% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (197% payout ratio). Profit margins are more than 30% lower than last year (0.4% net profit margin). Market cap is less than US$100m (JP¥8.13b market cap, or US$55.5m). Reported Earnings • Aug 03
First quarter 2025 earnings released: JP¥6.58 loss per share (vs JP¥8.26 profit in 1Q 2024) First quarter 2025 results: JP¥6.58 loss per share (down from JP¥8.26 profit in 1Q 2024). Revenue: JP¥12.1b (up 3.1% from 1Q 2024). Net loss: JP¥189.0m (down 180% from profit in 1Q 2024). 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 4% per year, which means it has not declined as severely as earnings. Reported Earnings • Jun 26
Full year 2024 earnings released: EPS: JP¥20.92 (vs JP¥13.57 in FY 2023) Full year 2024 results: EPS: JP¥20.92 (up from JP¥13.57 in FY 2023). Revenue: JP¥49.5b (up 18% from FY 2023). Net income: JP¥601.0m (up 54% from FY 2023). Profit margin: 1.2% (up from 0.9% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Reported Earnings • May 16
Full year 2024 earnings released: EPS: JP¥20.92 (vs JP¥13.57 in FY 2023) Full year 2024 results: EPS: JP¥20.92 (up from JP¥13.57 in FY 2023). Revenue: JP¥49.5b (up 18% from FY 2023). Net income: JP¥601.0m (up 54% from FY 2023). Profit margin: 1.2% (up from 0.9% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Announcement • May 15
NITTAN Corporation, Annual General Meeting, Jun 21, 2024 NITTAN Corporation, Annual General Meeting, Jun 21, 2024. Announcement • Apr 26
NITTAN Corporation to Report Fiscal Year 2024 Results on May 13, 2024 NITTAN Corporation announced that they will report fiscal year 2024 results on May 13, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥7.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 26 June 2024. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 3.2%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (2.6%). Reported Earnings • Feb 02
Third quarter 2024 earnings released: EPS: JP¥13.78 (vs JP¥0.38 in 3Q 2023) Third quarter 2024 results: EPS: JP¥13.78 (up from JP¥0.38 in 3Q 2023). Revenue: JP¥13.1b (up 16% from 3Q 2023). Net income: JP¥396.0m (up JP¥385.0m from 3Q 2023). Profit margin: 3.0% (up from 0.1% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Jan 23
Now 21% undervalued Over the last 90 days, the stock has risen 9.4% to JP¥327. The fair value is estimated to be JP¥412, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.5% over the last 3 years. Meanwhile, the company has become profitable. Announcement • Dec 28
NITTAN Corporation to Report Q3, 2024 Results on Jan 31, 2024 NITTAN Corporation announced that they will report Q3, 2024 results on Jan 31, 2024 Reported Earnings • Nov 02
Second quarter 2024 earnings released: EPS: JP¥6.48 (vs JP¥2.67 loss in 2Q 2023) Second quarter 2024 results: EPS: JP¥6.48 (up from JP¥2.67 loss in 2Q 2023). Revenue: JP¥13.1b (up 26% from 2Q 2023). Net income: JP¥186.0m (up JP¥263.0m 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 12% per year whereas the company’s share price has increased by 16% per year. Announcement • Sep 28
NITTAN Corporation to Report Q2, 2024 Results on Oct 31, 2023 NITTAN Corporation announced that they will report Q2, 2024 results on Oct 31, 2023 Buying Opportunity • Sep 21
Now 20% undervalued Over the last 90 days, the stock is up 12%. The fair value is estimated to be JP¥411, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.0% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Aug 01
First quarter 2024 earnings released: EPS: JP¥8.26 (vs JP¥1.11 in 1Q 2023) First quarter 2024 results: EPS: JP¥8.26 (up from JP¥1.11 in 1Q 2023). Revenue: JP¥11.7b (up 18% from 1Q 2023). Net income: JP¥237.0m (up JP¥205.0m from 1Q 2023). Profit margin: 2.0% (up from 0.3% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Announcement • Jun 28
NITTAN Corporation to Report Q1, 2024 Results on Jul 31, 2023 NITTAN Corporation announced that they will report Q1, 2024 results on Jul 31, 2023 New Risk • Jun 20
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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.9% average weekly change). Profit margins are more than 30% lower than last year (0.9% net profit margin). Market cap is less than US$100m (JP¥9.27b market cap, or US$65.3m). Valuation Update With 7 Day Price Move • Jun 19
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to JP¥323, the stock trades at a trailing P/E ratio of 23.7x. Average trailing P/E is 11x in the Auto Components industry in Japan. Total returns to shareholders of 64% over the past three years. Reported Earnings • May 17
Full year 2023 earnings released: EPS: JP¥13.57 (vs JP¥22.37 in FY 2022) Full year 2023 results: EPS: JP¥13.57 (down from JP¥22.37 in FY 2022). Revenue: JP¥41.9b (up 8.3% from FY 2022). Net income: JP¥391.0m (down 39% from FY 2022). Profit margin: 0.9% (down from 1.7% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 26% 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 • Mar 23
Upcoming dividend of JP¥3.00 per share at 3.6% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 27 June 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 3.6%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (3.2%). Announcement • Feb 01
NITTAN Corporation (TSE:6493) announces an Equity Buyback for 175,000 shares, representing 0.61% for ¥46.38 million. Nittan Valve Co., Ltd. (TSE:6493) announces a share repurchase program. Under the program, the company will repurchase 175,000 shares, representing 0.61% of its issued share capital for ¥46.38 million. The shares will be repurchased at a price of ¥265 per share. The purpose of the program is to to improve capital efficiency and implement a flexible capital policy that responds to changes in the business environment. As of December 31, 2022, the company had 28,866,279 issued shares and 112,581 shares in treasury. Reported Earnings • Feb 01
Third quarter 2023 earnings released Third quarter 2023 results: EPS: JP¥0.38. Revenue: JP¥11.3b (up 24% from 3Q 2022). Net income: JP¥11.0m (up JP¥11.0m from 3Q 2022). Profit margin: 0.1% (up from 0% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Jan 09
NITTAN Corporation to Report Q3, 2023 Results on Jan 31, 2023 NITTAN Corporation announced that they will report Q3, 2023 results on Jan 31, 2023 Board Change • Nov 16
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. 7 non-independent directors. Independent Outside Director Kenjiro Tokunaga 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 • Nov 12
Second quarter 2023 earnings released: JP¥2.67 loss per share (vs JP¥4.55 profit in 2Q 2022) Second quarter 2023 results: JP¥2.67 loss per share (down from JP¥4.55 profit in 2Q 2022). Revenue: JP¥10.4b (up 10% from 2Q 2022). Net loss: JP¥77.0m (down 159% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Oct 19
NITTAN Corporation to Report Q2, 2023 Results on Nov 10, 2022 NITTAN Corporation announced that they will report Q2, 2023 results on Nov 10, 2022 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥6.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 05 December 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 4.4%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (3.1%). Reported Earnings • Jul 31
First quarter 2023 earnings released: EPS: JP¥1.11 (vs JP¥14.65 in 1Q 2022) First quarter 2023 results: EPS: JP¥1.11 (down from JP¥14.65 in 1Q 2022). Revenue: JP¥9.91b (up 1.8% from 1Q 2022). Net income: JP¥32.0m (down 92% from 1Q 2022). Profit margin: 0.3% (down from 4.3% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Jul 01
NITTAN Corporation to Report Q1, 2023 Results on Jul 29, 2022 NITTAN Corporation announced that they will report Q1, 2023 results on Jul 29, 2022 Reported Earnings • May 16
Full year 2022 earnings released: EPS: JP¥22.37 (vs JP¥23.32 in FY 2021) Full year 2022 results: EPS: JP¥22.37 (down from JP¥23.32 in FY 2021). Revenue: JP¥38.7b (up 11% from FY 2021). Net income: JP¥644.0m (down 3.9% from FY 2021). Profit margin: 1.7% (down from 1.9% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • May 14
NITTAN Corporation, Annual General Meeting, Jun 24, 2022 NITTAN Corporation, Annual General Meeting, Jun 24, 2022. Board Change • Apr 27
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. 9 non-independent directors. Independent Outside Director Kenjiro Tokunaga 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. Announcement • Apr 08
NITTAN Corporation to Report Fiscal Year 2022 Results on May 12, 2022 NITTAN Corporation announced that they will report fiscal year 2022 results on May 12, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥6.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 28 June 2022. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 4.3%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (3.0%). Reported Earnings • Feb 02
Third quarter 2022 earnings: Revenues in line with analyst expectations Third quarter 2022 results: Revenue: JP¥9.06b (down 6.6% from 3Q 2021). Net income: JP¥0 (down JP¥543.0m from profit in 3Q 2021). Profit margin: 0% (down from 5.6% in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 31
Second quarter 2022 earnings released: EPS JP¥4.55 (vs JP¥22.50 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¥9.47b (up 32% from 2Q 2021). Net income: JP¥131.0m (up JP¥777.0m from 2Q 2021). Profit margin: 1.4% (up from net loss in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 04 December 2021. Trailing yield: 3.3%. Within top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (2.5%). Valuation Update With 7 Day Price Move • Aug 30
Investor sentiment improved over the past week After last week's 17% share price gain to JP¥358, the stock trades at a trailing P/E ratio of 5.9x. Average trailing P/E is 8x in the Auto Components industry in Japan. Total returns to shareholders of 9.8% over the past three years. Valuation Update With 7 Day Price Move • Aug 11
Investor sentiment improved over the past week After last week's 17% share price gain to JP¥371, the stock trades at a trailing P/E ratio of 6.1x. Average trailing P/E is 10x in the Auto Components industry in Japan. Total returns to shareholders of 20% over the past three years. Reported Earnings • Aug 03
First quarter 2022 earnings released: EPS JP¥14.65 (vs JP¥22.56 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¥9.73b (up 31% from 1Q 2021). Net income: JP¥421.0m (up JP¥1.07b from 1Q 2021). Profit margin: 4.3% (up from net loss in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • May 20
Investor sentiment improved over the past week After last week's 21% share price gain to JP¥272, the stock trades at a trailing P/E ratio of 11.7x. Average trailing P/E is 14x in the Auto Components industry in Japan. Total loss to shareholders of 17% over the past three years. Reported Earnings • May 16
Full year 2021 earnings released: EPS JP¥23.32 (vs JP¥14.92 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¥34.7b (down 18% from FY 2020). Net income: JP¥670.0m (up 56% from FY 2020). Profit margin: 1.9% (up from 1.0% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 10% per year. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥3.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 25 June 2021. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.9%). Is New 90 Day High Low • Mar 15
New 90-day high: JP¥232 The company is up 14% from a price of JP¥203 on 15 December 2020. Outperformed the Japanese market which is up 9.0% over the last 90 days. Lagged the Auto Components industry, which is up 20% over the same period. Is New 90 Day High Low • Feb 05
New 90-day high: JP¥224 The company is up 11% from its price of JP¥202 on 06 November 2020. The Japanese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 26% over the same period. Reported Earnings • Feb 02
Third quarter 2021 earnings released: EPS JP¥18.89 (vs JP¥2.74 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¥9.69b (down 6.7% from 3Q 2020). Net income: JP¥543.0m (up JP¥622.0m from 3Q 2020). Profit margin: 5.6% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Jan 13
New 90-day high: JP¥214 The company is up 2.0% from its price of JP¥210 on 15 October 2020. The Japanese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 18% over the same period. Is New 90 Day High Low • Dec 22
New 90-day low: JP¥198 The company is down 8.0% from its price of JP¥215 on 23 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 14% over the same period. Announcement • Dec 05
Nittan Valve Co., Ltd. to Report Q3, 2021 Results on Jan 29, 2021 Nittan Valve Co., Ltd. announced that they will report Q3, 2021 results on Jan 29, 2021 Announcement • Oct 10
Nittan Valve Co., Ltd. to Report Q2, 2021 Results on Oct 30, 2020 Nittan Valve Co., Ltd. announced that they will report Q2, 2021 results on Oct 30, 2020 Announcement • Jul 05
Nittan Valve Co., Ltd. to Report Q1, 2021 Results on Jul 31, 2020 Nittan Valve Co., Ltd. announced that they will report Q1, 2021 results on Jul 31, 2020 
