Announcement • Jun 26
GMB Corporation to Report Q1, 2027 Results on Aug 07, 2026 GMB Corporation announced that they will report Q1, 2027 results on Aug 07, 2026 Buy Or Sell Opportunity • Jun 11
Now 21% overvalued Over the last 90 days, the stock has fallen 2.0% to JP¥920. The fair value is estimated to be JP¥763, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.1% over the last 3 years. Meanwhile, the company became loss making. New Risk • Jun 07
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. The company is paying a dividend despite having no free cash flows. Dividend yield: 5.9% 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 Debt is not well covered by operating cash flow (3.8% operating cash flow to total debt). 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 28% per year over the past 5 years. Minor Risk Market cap is less than US$100m (JP¥4.91b market cap, or US$30.7m). Reported Earnings • May 21
Full year 2026 earnings released: JP¥195 loss per share (vs JP¥112 profit in FY 2025) Full year 2026 results: JP¥195 loss per share (down from JP¥112 profit in FY 2025). Revenue: JP¥105.3b (up 1.5% from FY 2025). Net loss: JP¥1.04b (down 275% from profit in FY 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance. Announcement • May 18
GMB Corporation, Annual General Meeting, Jun 19, 2026 GMB Corporation, Annual General Meeting, Jun 19, 2026. Announcement • May 10
GMB Corporation to Report Fiscal Year 2026 Results on May 18, 2026 GMB Corporation announced that they will report fiscal year 2026 results on May 18, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 30 June 2026. Payout ratio is a comfortable 55% but the company is not cash flow positive. Trailing yield: 4.2%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.8%). Reported Earnings • Feb 15
Third quarter 2026 earnings released: EPS: JP¥82.97 (vs JP¥1.70 in 3Q 2025) Third quarter 2026 results: EPS: JP¥82.97 (up from JP¥1.70 in 3Q 2025). Revenue: JP¥27.0b (up 7.9% from 3Q 2025). Net income: JP¥442.0m (up JP¥433.0m from 3Q 2025). Profit margin: 1.6% (up from 0% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance. Announcement • Dec 24
GMB Corporation to Report Q3, 2026 Results on Feb 13, 2026 GMB Corporation announced that they will report Q3, 2026 results on Feb 13, 2026 Declared Dividend • Dec 03
First half dividend of JP¥20.00 announced Dividend of JP¥20.00 is the same as last year. Ex-date: 30th March 2026 Payment date: 30th June 2026 Dividend yield will be 4.6%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. Reported Earnings • Nov 18
Second quarter 2026 earnings released: EPS: JP¥34.20 (vs JP¥49.75 loss in 2Q 2025) Second quarter 2026 results: EPS: JP¥34.20 (up from JP¥49.75 loss in 2Q 2025). Revenue: JP¥26.6b (down 2.2% from 2Q 2025). Net income: JP¥182.0m (up JP¥446.0m from 2Q 2025). Profit margin: 0.7% (up from net loss in 2Q 2025). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance. Announcement • Sep 26
GMB Corporation to Report Q2, 2026 Results on Nov 14, 2025 GMB Corporation announced that they will report Q2, 2026 results on Nov 14, 2025 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 03 December 2025. The company is not currently making a profit and is not cash flow positive. Trailing yield: 4.5%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (3.0%). Reported Earnings • Aug 11
First quarter 2026 earnings released: JP¥74.41 loss per share (vs JP¥130 profit in 1Q 2025) First quarter 2026 results: JP¥74.41 loss per share (down from JP¥130 profit in 1Q 2025). Revenue: JP¥24.5b (down 1.2% from 1Q 2025). Net loss: JP¥395.0m (down 157% from profit in 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance. Declared Dividend • Jul 09
Final dividend of JP¥20.00 announced Shareholders will receive a dividend of JP¥20.00. Ex-date: 29th September 2025 Payment date: 3rd December 2025 Dividend yield will be 4.8%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is not covered by earnings (204% earnings payout ratio). However, it is well covered by cash flows (35% cash payout ratio). The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 127% to bring the payout ratio under control, which is more than the 36% EPS growth achieved over the last 5 years. Announcement • Jun 21
GMB Corporation to Report Q1, 2026 Results on Aug 08, 2025 GMB Corporation announced that they will report Q1, 2026 results on Aug 08, 2025 Reported Earnings • May 20
Full year 2025 earnings released: EPS: JP¥112 (vs JP¥77.05 in FY 2024) Full year 2025 results: EPS: JP¥112 (up from JP¥77.05 in FY 2024). Revenue: JP¥103.7b (up 7.7% from FY 2024). Net income: JP¥592.0m (up 45% from FY 2024). Profit margin: 0.6% (up from 0.4% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Announcement • May 15
GMB Corporation, Annual General Meeting, Jun 27, 2025 GMB Corporation, Annual General Meeting, Jun 27, 2025. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥20.00 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 20
GMB Corporation to Report Fiscal Year 2025 Results on May 15, 2025 GMB Corporation announced that they will report fiscal year 2025 results at 3:00 PM, Tokyo Standard Time on May 15, 2025 Reported Earnings • Feb 16
Third quarter 2025 earnings released: EPS: JP¥1.70 (vs JP¥3.21 loss in 3Q 2024) Third quarter 2025 results: EPS: JP¥1.70 (up from JP¥3.21 loss in 3Q 2024). Revenue: JP¥25.1b (flat on 3Q 2024). Net income: JP¥9.00m (up JP¥26.0m from 3Q 2024). Profit margin: 0% (up from net loss in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Announcement • Dec 19
GMB Corporation to Report Q3, 2025 Results on Feb 14, 2025 GMB Corporation announced that they will report Q3, 2025 results on Feb 14, 2025 Declared Dividend • Dec 04
First half dividend of JP¥20.00 announced Shareholders will receive a dividend of JP¥20.00. Ex-date: 28th March 2025 Payment date: 24th June 2025 Dividend yield will be 4.0%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 6x earnings). However, it is well covered by cash flows (20% cash payout ratio). The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 579% to bring the payout ratio under control, which is more than the 50% EPS growth achieved over the last 5 years. Announcement • Sep 24
GMB Corporation to Report Q2, 2025 Results on Nov 14, 2024 GMB Corporation announced that they will report Q2, 2025 results on Nov 14, 2024 Upcoming Dividend • Sep 20
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 04 December 2024. Payout ratio is a comfortable 30% but the company is not cash flow positive. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.8%). In line with average of industry peers (3.5%). Reported Earnings • Aug 14
First quarter 2025 earnings released: EPS: JP¥130 (vs JP¥108 in 1Q 2024) First quarter 2025 results: EPS: JP¥130 (up from JP¥108 in 1Q 2024). Revenue: JP¥24.8b (up 11% from 1Q 2024). Net income: JP¥688.0m (up 21% from 1Q 2024). Profit margin: 2.8% (up from 2.6% in 1Q 2024). The increase in margin was driven by higher revenue. 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 9% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 02
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥1,180, the stock trades at a trailing P/E ratio of 15.4x. Average trailing P/E is 9x in the Auto Components industry in Japan. Total returns to shareholders of 30% over the past three years. Declared Dividend • Jul 11
Final dividend increased to JP¥20.00 Dividend of JP¥20.00 is 33% higher than last year. Ex-date: 27th September 2024 Payment date: 4th December 2024 Dividend yield will be 2.3%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (33% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. Earnings per share has grown by 12% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Jun 28
Full year 2024 earnings released: EPS: JP¥77.05 (vs JP¥230 in FY 2023) Full year 2024 results: EPS: JP¥77.05 (down from JP¥230 in FY 2023). Revenue: JP¥96.3b (up 11% from FY 2023). Net income: JP¥408.0m (down 66% from FY 2023). Profit margin: 0.4% (down from 1.4% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Jun 27
GMB Corporation to Report Q1, 2025 Results on Aug 09, 2024 GMB Corporation announced that they will report Q1, 2025 results on Aug 09, 2024 Valuation Update With 7 Day Price Move • Jun 18
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥1,551, the stock trades at a trailing P/E ratio of 20.1x. Average trailing P/E is 8x in the Auto Components industry in Japan. Total returns to shareholders of 63% over the past three years. Reported Earnings • May 21
Full year 2024 earnings released: EPS: JP¥77.05 (vs JP¥230 in FY 2023) Full year 2024 results: EPS: JP¥77.05 (down from JP¥230 in FY 2023). Revenue: JP¥96.3b (up 11% from FY 2023). Net income: JP¥408.0m (down 66% from FY 2023). Profit margin: 0.4% (down from 1.4% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Announcement • May 17
GMB Corporation, Annual General Meeting, Jun 21, 2024 GMB Corporation, Annual General Meeting, Jun 21, 2024. Valuation Update With 7 Day Price Move • May 16
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥1,334, the stock trades at a trailing P/E ratio of 12.4x. Average trailing P/E is 9x in the Auto Components industry in Japan. Total returns to shareholders of 48% over the past three years. Announcement • Mar 30
GMB Corporation to Report Fiscal Year 2024 Results on May 15, 2024 GMB Corporation announced that they will report fiscal year 2024 results on May 15, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 26 June 2024. Payout ratio is a comfortable 33% but the company is not cash flow positive. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.2%). In line with average of industry peers (2.6%). Reported Earnings • Feb 16
Third quarter 2024 earnings released: JP¥3.21 loss per share (vs JP¥32.89 profit in 3Q 2023) Third quarter 2024 results: JP¥3.21 loss per share (down from JP¥32.89 profit in 3Q 2023). Revenue: JP¥25.1b (up 11% from 3Q 2023). Net loss: JP¥17.0m (down 110% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Dec 23
GMB Corporation to Report Q3, 2024 Results on Feb 14, 2024 GMB Corporation announced that they will report Q3, 2024 results on Feb 14, 2024 Valuation Update With 7 Day Price Move • Nov 17
Investor sentiment deteriorates as stock falls 24% After last week's 24% share price decline to JP¥1,381, the stock trades at a trailing P/E ratio of 9.6x. Average trailing P/E is 10x in the Auto Components industry in Japan. Total returns to shareholders of 134% over the past three years. New Risk • Nov 12
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: 0.8% Last year net profit margin: 2.1% 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: Major Risks Debt is not well covered by operating cash flow (6.7% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (9.4% average weekly change). Minor Risks Profit margins are more than 30% lower than last year (0.8% net profit margin). Market cap is less than US$100m (JP¥9.59b market cap, or US$63.3m). Valuation Update With 7 Day Price Move • Oct 05
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥1,712, the stock trades at a trailing P/E ratio of 7.7x. Average trailing P/E is 10x in the Auto Components industry in Japan. Total returns to shareholders of 177% over the past three years. Announcement • Sep 29
GMB Corporation to Report Q2, 2024 Results on Nov 10, 2023 GMB Corporation announced that they will report Q2, 2024 results on Nov 10, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of JP¥15.00 per share at 1.5% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 04 December 2023. Payout ratio is a comfortable 9.0% but the company is not cash flow positive. Trailing yield: 1.5%. Lower than top quartile of Japanese dividend payers (3.3%). Lower than average of industry peers (2.5%). Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to JP¥2,060, 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 249% over the past three years. Reported Earnings • Aug 16
First quarter 2024 earnings released: EPS: JP¥108 (vs JP¥116 in 1Q 2023) First quarter 2024 results: EPS: JP¥108 (down from JP¥116 in 1Q 2023). Revenue: JP¥22.4b (up 12% from 1Q 2023). Net income: JP¥571.0m (down 6.2% from 1Q 2023). Profit margin: 2.6% (down from 3.0% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 15
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to JP¥1,571, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 10x in the Auto Components industry in Japan. Total returns to shareholders of 174% over the past three years. Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥1,576, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 12x in the Auto Components industry in Japan. Total returns to shareholders of 208% over the past three years. Announcement • Jun 26
GMB Corporation to Report Q1, 2024 Results on Aug 14, 2023 GMB Corporation announced that they will report Q1, 2024 results on Aug 14, 2023 Valuation Update With 7 Day Price Move • Jun 19
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to JP¥2,238, the stock trades at a trailing P/E ratio of 9.8x. Average trailing P/E is 11x in the Auto Components industry in Japan. Total returns to shareholders of 244% over the past three years. Valuation Update With 7 Day Price Move • May 22
Investor sentiment deteriorates as stock falls 26% After last week's 26% share price decline to JP¥1,238, the stock trades at a trailing P/E ratio of 5.4x. Average trailing P/E is 11x in the Auto Components industry in Japan. Total returns to shareholders of 95% over the past three years. Reported Earnings • May 17
Full year 2023 earnings released: EPS: JP¥230 (vs JP¥125 in FY 2022) Full year 2023 results: EPS: JP¥230 (up from JP¥125 in FY 2022). Revenue: JP¥87.2b (up 22% from FY 2022). Net income: JP¥1.21b (up 84% from FY 2022). Profit margin: 1.4% (up from 0.9% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 109% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Announcement • May 16
GMB Corporation, Annual General Meeting, Jun 23, 2023 GMB Corporation, Annual General Meeting, Jun 23, 2023. Valuation Update With 7 Day Price Move • May 04
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to JP¥1,749, the stock trades at a trailing P/E ratio of 5.8x. Average trailing P/E is 12x in the Auto Components industry in Japan. Total returns to shareholders of 190% over the past three years. Valuation Update With 7 Day Price Move • Apr 20
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to JP¥1,201, the stock trades at a trailing P/E ratio of 4x. Average trailing P/E is 12x in the Auto Components industry in Japan. Total returns to shareholders of 110% over the past three years. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥952, the stock trades at a trailing P/E ratio of 3.2x. Average trailing P/E is 12x in the Auto Components industry in Japan. Total returns to shareholders of 96% over the past three years. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥10.00 per share at 2.4% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 27 June 2023. Payout ratio is a comfortable 3.3% but the company is not cash flow positive. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (3.2%). Valuation Update With 7 Day Price Move • Feb 21
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥819, the stock trades at a trailing P/E ratio of 2.7x. Average trailing P/E is 12x in the Auto Components industry in Japan. Total returns to shareholders of 17% over the past three years. Reported Earnings • Feb 16
Third quarter 2023 earnings released: EPS: JP¥32.89 (vs JP¥33.39 in 3Q 2022) Third quarter 2023 results: EPS: JP¥32.89 (down from JP¥33.39 in 3Q 2022). Revenue: JP¥22.5b (up 32% from 3Q 2022). Net income: JP¥174.0m (down 1.1% from 3Q 2022). Profit margin: 0.8% (down from 1.0% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 113% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Dec 26
GMB Corporation to Report Q3, 2023 Results on Feb 14, 2023 GMB Corporation announced that they will report Q3, 2023 results on Feb 14, 2023 Reported Earnings • Nov 18
Second quarter 2023 earnings released: EPS: JP¥125 (vs JP¥26.95 in 2Q 2022) Second quarter 2023 results: EPS: JP¥125 (up from JP¥26.95 in 2Q 2022). Revenue: JP¥21.5b (up 18% from 2Q 2022). Net income: JP¥663.0m (up 367% from 2Q 2022). Profit margin: 3.1% (up from 0.8% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 109% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 7 non-independent directors. Independent Outside Director Noriaki Hadano was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Oct 31
GMB Corporation to Report Q2, 2023 Results on Nov 14, 2022 GMB Corporation announced that they will report Q2, 2023 results on Nov 14, 2022 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 05 December 2022. Payout ratio is a comfortable 9.9% but the company is not cash flow positive. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (3.1%). Reported Earnings • Aug 12
First quarter 2023 earnings released: EPS: JP¥116 (vs JP¥38.62 in 1Q 2022) First quarter 2023 results: EPS: JP¥116 (up from JP¥38.62 in 1Q 2022). Revenue: JP¥20.0b (up 15% from 1Q 2022). Net income: JP¥609.0m (up 200% from 1Q 2022). Profit margin: 3.0% (up from 1.2% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Jul 17
GMB Corporation to Report Q1, 2023 Results on Aug 10, 2022 GMB Corporation announced that they will report Q1, 2023 results on Aug 10, 2022 Reported Earnings • May 23
Full year 2022 earnings released: EPS: JP¥125 (vs JP¥60.02 loss in FY 2021) Full year 2022 results: EPS: JP¥125 (up from JP¥60.02 loss in FY 2021). Revenue: JP¥71.4b (up 24% from FY 2021). Net income: JP¥660.0m (up JP¥975.0m from FY 2021). Profit margin: 0.9% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • May 19
GMB Corporation to Report Fiscal Year 2022 Results on May 20, 2022 GMB Corporation announced that they will report fiscal year 2022 results on May 20, 2022 Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 8 non-independent directors. Full-Time Audit & Supervisory Board Member Makoto Miyauchi was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 21 June 2022. Payout ratio is a comfortable 5.6% but the company is not cash flow positive. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.4%). In line with average of industry peers (3.0%). Reported Earnings • Feb 02
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥33.39 (up from JP¥40.14 loss in 3Q 2021). Revenue: JP¥17.1b (up 15% from 3Q 2021). Net income: JP¥176.0m (up JP¥387.0m from 3Q 2021). Profit margin: 1.0% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 02
Second quarter 2022 earnings released: EPS JP¥26.95 (vs JP¥81.54 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¥18.2b (up 61% from 2Q 2021). Net income: JP¥142.0m (up JP¥570.0m from 2Q 2021). Profit margin: 0.8% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.