Reported Earnings • May 20
Full year 2026 earnings: EPS and revenues exceed analyst expectations Full year 2026 results: EPS: JP¥271 (down from JP¥330 in FY 2025). Revenue: JP¥269.0b (down 5.7% from FY 2025). Net income: JP¥9.30b (down 18% from FY 2025). Profit margin: 3.5% (down from 4.0% in FY 2025). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 4.9%. Earnings per share (EPS) also surpassed analyst estimates by 20%. Revenue is forecast to stay flat 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 19% per year whereas the company’s share price has increased by 14% per year. Announcement • May 15
TACHI-S Co., Ltd., Annual General Meeting, Jun 29, 2026 TACHI-S Co., Ltd., Annual General Meeting, Jun 29, 2026. Announcement • Apr 01
TACHI-S Co., Ltd. to Report Fiscal Year 2026 Results on May 15, 2026 TACHI-S Co., Ltd. announced that they will report fiscal year 2026 results on May 15, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥51.90 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 05 June 2026. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 5.1%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.8%). Reported Earnings • Feb 16
Third quarter 2026 earnings released: EPS: JP¥74.43 (vs JP¥122 in 3Q 2025) Third quarter 2026 results: EPS: JP¥74.43 (down from JP¥122 in 3Q 2025). Revenue: JP¥67.2b (down 7.9% from 3Q 2025). Net income: JP¥2.55b (down 39% from 3Q 2025). Profit margin: 3.8% (down from 5.7% in 3Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.3% 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 31% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Announcement • Dec 25
TACHI-S Co., Ltd. to Report Q3, 2026 Results on Feb 12, 2026 TACHI-S Co., Ltd. announced that they will report Q3, 2026 results on Feb 12, 2026 Declared Dividend • Dec 03
First half dividend of JP¥51.90 announced Dividend of JP¥51.90 is the same as last year. Ex-date: 30th March 2026 Payment date: 5th June 2026 Dividend yield will be 5.2%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by both earnings (28% earnings payout ratio) and cash flows (63% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 14% over the next 3 years. However, it would need to fall by 69% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • Nov 18
Second quarter 2026 earnings released: EPS: JP¥73.79 (vs JP¥12.54 loss in 2Q 2025) Second quarter 2026 results: EPS: JP¥73.79 (up from JP¥12.54 loss in 2Q 2025). Revenue: JP¥63.6b (down 12% from 2Q 2025). Net income: JP¥2.53b (up JP¥2.96b from 2Q 2025). Profit margin: 4.0% (up from net loss in 2Q 2025). Revenue is forecast to grow 1.4% p.a. on average during the next 3 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 35% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. New Risk • Nov 18
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 4.9% 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 4.9% per year for the foreseeable future. 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 • Sep 05
TACHI-S Co., Ltd. to Report Q2, 2026 Results on Nov 14, 2025 TACHI-S Co., Ltd. announced that they will report Q2, 2026 results on Nov 14, 2025 Reported Earnings • Aug 07
First quarter 2026 earnings released: EPS: JP¥0.55 (vs JP¥40.64 in 1Q 2025) First quarter 2026 results: EPS: JP¥0.55 (down from JP¥40.64 in 1Q 2025). Revenue: JP¥63.9b (down 13% from 1Q 2025). Net income: JP¥19.0m (down 99% from 1Q 2025). Profit margin: 0% (down from 1.9% in 1Q 2025). Revenue is forecast to stay flat 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 46% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Declared Dividend • Jul 09
Final dividend of JP¥51.90 announced Dividend of JP¥51.90 is the same as last year. Ex-date: 29th September 2025 Payment date: 3rd December 2025 Dividend yield will be 6.0%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by both earnings (44% earnings payout ratio) and cash flows (67% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 5.1% over the next 3 years. However, it would need to fall by 51% to increase the payout ratio to a potentially unsustainable range. Major Estimate Revision • Jul 08
Consensus EPS estimates increase by 60%, revenue downgraded The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from JP¥280.0b to JP¥258.8b. EPS estimate rose from JP¥146 to JP¥233. Net income forecast to shrink 29% next year vs 1.5% growth forecast for Auto Components industry in Japan . Consensus price target of JP¥1,850 unchanged from last update. Share price was steady at JP¥1,724 over the past week. Announcement • Jun 18
TACHI-S Co., Ltd. to Report Q1, 2026 Results on Aug 06, 2025 TACHI-S Co., Ltd. announced that they will report Q1, 2026 results on Aug 06, 2025 Buy Or Sell Opportunity • Jun 14
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.7% to JP¥1,722. The fair value is estimated to be JP¥2,158, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 5.1% in 2 years. Earnings are forecast to decline by 55% in the next 2 years. Buy Or Sell Opportunity • May 30
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.7% to JP¥1,732. The fair value is estimated to be JP¥2,199, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 5.1% in 2 years. Earnings are forecast to decline by 55% in the next 2 years. New Risk • May 22
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 44% 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 44% per year for the foreseeable future. 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 • May 14
TACHI-S Co., Ltd., Annual General Meeting, Jun 26, 2025 TACHI-S Co., Ltd., Annual General Meeting, Jun 26, 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¥1,416, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 7x in the Auto Components industry in Japan. Total returns to shareholders of 72% over the past three years. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥51.90 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 04 June 2025. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 5.7%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (3.3%). Announcement • Mar 19
TACHI-S Co., Ltd. announced that it has received ¥6.12572 million in funding On March 19, 2025. TACHI-S Co., Ltd. has closed the transaction. Announcement • Mar 06
TACHI-S Co., Ltd. to Report Fiscal Year 2025 Results on May 14, 2025 TACHI-S Co., Ltd. announced that they will report fiscal year 2025 results on May 14, 2025 Reported Earnings • Feb 14
Third quarter 2025 earnings released: EPS: JP¥122 (vs JP¥46.12 in 3Q 2024) Third quarter 2025 results: EPS: JP¥122 (up from JP¥46.12 in 3Q 2024). Revenue: JP¥73.0b (down 7.2% from 3Q 2024). Net income: JP¥4.18b (up 164% from 3Q 2024). Profit margin: 5.7% (up from 2.0% in 3Q 2024). Revenue is forecast to grow 2.1% 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 70% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Dec 24
Consensus EPS estimates fall by 13% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from JP¥290.0b to JP¥270.0b. EPS estimate also fell from JP¥233 per share to JP¥204 per share. Net income forecast to grow 18% next year vs 18% growth forecast for Auto Components industry in Japan. Consensus price target reaffirmed at JP¥2,400. Share price was steady at JP¥1,683 over the past week. Announcement • Dec 14
TACHI-S Co., Ltd. to Report Q3, 2025 Results on Feb 12, 2025 TACHI-S Co., Ltd. announced that they will report Q3, 2025 results on Feb 12, 2025 Declared Dividend • Dec 04
First half dividend of JP¥51.90 announced Shareholders will receive a dividend of JP¥51.90. Ex-date: 28th March 2025 Payment date: 4th June 2025 Dividend yield will be 6.1%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (31% earnings payout ratio) and cash flows (45% cash payout ratio). The dividend has increased by an average of 22% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 62% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥51.90 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 04 December 2024. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 5.5%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (3.5%). Reported Earnings • Aug 09
First quarter 2025 earnings released: EPS: JP¥40.64 (vs JP¥1.55 loss in 1Q 2024) First quarter 2025 results: EPS: JP¥40.64 (up from JP¥1.55 loss in 1Q 2024). Revenue: JP¥73.1b (up 7.6% from 1Q 2024). Net income: JP¥1.39b (up JP¥1.45b from 1Q 2024). Profit margin: 1.9% (up from net loss in 1Q 2024). The move to profitability was driven by higher revenue. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to JP¥1,557, 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 35% over the past three years. Buy Or Sell Opportunity • Jul 26
Now 20% undervalued Over the last 90 days, the stock has risen 1.5% to JP¥1,959. The fair value is estimated to be JP¥2,456, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 3.5% per annum. Earnings are also forecast to grow by 15% per annum over the same time period. Declared Dividend • Jul 11
Final dividend of JP¥51.90 announced Shareholders will receive a dividend of JP¥51.90. Ex-date: 27th September 2024 Payment date: 4th December 2024 Dividend yield will be 4.8%, 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 (24% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 51% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 19
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: JP¥158 (down from JP¥170 in FY 2023). Revenue: JP¥292.9b (up 20% from FY 2023). Net income: JP¥5.42b (down 6.9% from FY 2023). Profit margin: 1.9% (down from 2.4% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates significantly. Revenue is forecast to grow 4.4% 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 increased by 116% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Announcement • May 17
TACHI-S Co., Ltd., Annual General Meeting, Jun 25, 2024 TACHI-S Co., Ltd., Annual General Meeting, Jun 25, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥46.40 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 31 May 2024. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 4.6%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (2.6%). Reported Earnings • Feb 10
Third quarter 2024 earnings released: EPS: JP¥46.12 (vs JP¥9.08 loss in 3Q 2023) Third quarter 2024 results: EPS: JP¥46.12 (up from JP¥9.08 loss in 3Q 2023). Revenue: JP¥78.6b (up 21% from 3Q 2023). Net income: JP¥1.58b (up JP¥1.89b from 3Q 2023). Profit margin: 2.0% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 4.7% 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 increased by 120% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 13
Second quarter 2024 earnings released: EPS: JP¥39.22 (vs JP¥91.14 in 2Q 2023) Second quarter 2024 results: EPS: JP¥39.22 (down from JP¥91.14 in 2Q 2023). Revenue: JP¥69.8b (up 20% from 2Q 2023). Net income: JP¥1.34b (down 57% from 2Q 2023). Profit margin: 1.9% (down from 5.4% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 115% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Announcement • Sep 24
TACHI-S Co., Ltd. to Report Q2, 2024 Results on Nov 10, 2023 TACHI-S Co., Ltd. announced that they will report Q2, 2024 results on Nov 10, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of JP¥46.40 per share at 4.0% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 04 December 2023. Payout ratio is a comfortable 29% but the company is paying out more than the cash it is generating. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (2.5%). Reported Earnings • Aug 12
First quarter 2024 earnings released: JP¥1.55 loss per share (vs JP¥86.29 loss in 1Q 2023) First quarter 2024 results: JP¥1.55 loss per share (improved from JP¥86.29 loss in 1Q 2023). Revenue: JP¥67.9b (up 37% from 1Q 2023). Net loss: JP¥53.0m (loss narrowed 98% from 1Q 2023). Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Announcement • Aug 12
TACHI-S Co., Ltd. Provides Dividend Guidance for the Second Quarter and Full Year of Fiscal Year Ending March 31, 2024 TACHI-S Co., Ltd. provided dividend guidance for the second quarter and full year of fiscal year ending March 31, 2024. For the quarter, the company expects dividend of JPY 46.40 per share against JPY 36.80 per share a year ago.For the full year, the company expects dividend of JPY 46.40 per share against JPY 36.80 per share a year ago. Board Change • Aug 10
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Outside Director Sachiko Tsutsui was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jun 26
TACHI-S Co., Ltd. to Report Q1, 2024 Results on Aug 10, 2023 TACHI-S Co., Ltd. announced that they will report Q1, 2024 results on Aug 10, 2023 Reported Earnings • Jun 22
Full year 2023 earnings released: EPS: JP¥170 (vs JP¥60.17 loss in FY 2022) Full year 2023 results: EPS: JP¥170 (up from JP¥60.17 loss in FY 2022). Revenue: JP¥243.4b (up 18% from FY 2022). Net income: JP¥5.82b (up JP¥7.88b from FY 2022). Profit margin: 2.4% (up from net loss in FY 2022). Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Announcement • May 17
TACHI-S Co., Ltd. Announces Cash Dividend for End of Fiscal Year Ended March 31, 2023, Payable on May 31, 2023; Provides Dividend Guidance for the Second Quarter and End of Fiscal Year Ending March 31, 2024 TACHI-S Co., Ltd. announced cash dividend for end of fiscal year ended March 31, 2023 and provided dividend guidance for the second quarter and end of fiscal year ending March 31, 2024. For the end of fiscal year, company announced cash dividend of JPY 36.80 per share compared to JPY 31.80 per share a year ago, with an payment date of May 31, 2023.For the second quarter of Fiscal Year 2023, company expects cash dividend of JPY 46.40 per share compared to JPY 36.80 per share a year ago.For the end of fiscal year Fiscal Year 2023, company expects cash dividend of JPY 46.40 per share compared to JPY 36.80 per share a year ago. Reported Earnings • May 17
Full year 2023 earnings released: EPS: JP¥170 (vs JP¥60.17 loss in FY 2022) Full year 2023 results: EPS: JP¥170 (up from JP¥60.17 loss in FY 2022). Revenue: JP¥243.4b (up 18% from FY 2022). Net income: JP¥5.82b (up JP¥7.88b from FY 2022). Profit margin: 2.4% (up from net loss in FY 2022). Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Announcement • May 16
TACHI-S Co., Ltd., Annual General Meeting, Jun 20, 2023 TACHI-S Co., Ltd., Annual General Meeting, Jun 20, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥36.80 per share at 6.2% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 05 June 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 6.2%. 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: JP¥9.08 loss per share (vs JP¥33.75 profit in 3Q 2022) Third quarter 2023 results: JP¥9.08 loss per share (down from JP¥33.75 profit in 3Q 2022). Revenue: JP¥64.9b (up 34% from 3Q 2022). Net loss: JP¥311.0m (down 127% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Dec 28
TACHI-S Co., Ltd. to Report Q3, 2023 Results on Feb 10, 2023 TACHI-S Co., Ltd. announced that they will report Q3, 2023 results on Feb 10, 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. 6 non-independent directors. Independent Outside Director Yoshiaki Nagao was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 13
Second quarter 2023 earnings released: EPS: JP¥91.13 (vs JP¥54.88 loss in 2Q 2022) Second quarter 2023 results: EPS: JP¥91.13 (up from JP¥54.88 loss in 2Q 2022). Revenue: JP¥58.1b (up 26% from 2Q 2022). Net income: JP¥3.12b (up JP¥5.00b from 2Q 2022). Profit margin: 5.4% (up from net loss in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Announcement • Sep 29
TACHI-S Co., Ltd. to Report Q2, 2023 Results on Nov 11, 2022 TACHI-S Co., Ltd. announced that they will report Q2, 2023 results on Nov 11, 2022 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥36.80 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 02 December 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 6.2%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (3.1%). Reported Earnings • Aug 12
First quarter 2023 earnings released: JP¥86.29 loss per share (vs JP¥82.55 loss in 1Q 2022) First quarter 2023 results: JP¥86.29 loss per share (down from JP¥82.55 loss in 1Q 2022). Revenue: JP¥49.8b (up 1.4% from 1Q 2022). Net loss: JP¥2.95b (loss widened 4.5% from 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Reported Earnings • May 18
Full year 2022 earnings released: JP¥60.17 loss per share (vs JP¥401 loss in FY 2021) Full year 2022 results: JP¥60.17 loss per share (up from JP¥401 loss in FY 2021). Revenue: JP¥206.4b (up 4.0% from FY 2021). Net loss: JP¥2.06b (loss narrowed 85% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Announcement • May 13
TACHI-S Co., Ltd., Annual General Meeting, Jun 24, 2022 TACHI-S Co., Ltd., Annual General Meeting, Jun 24, 2022. Agenda: Annual general meeting. 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. 6 non-independent directors. Independent Outside Director Yoshiaki Nagao was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 08
TACHI-S Co., Ltd. to Report Fiscal Year 2022 Results on May 13, 2022 TACHI-S Co., Ltd. announced that they will report fiscal year 2022 results on May 13, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥31.80 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 02 June 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 6.1%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (3.0%). Reported Earnings • Feb 10
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥33.75 (up from JP¥3.77 in 3Q 2021). Revenue: JP¥48.3b (down 17% from 3Q 2021). Net income: JP¥1.16b (up JP¥1.03b from 3Q 2021). Profit margin: 2.4% (up from 0.2% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 64 percentage points per year, which is a significant difference in performance. Announcement • Feb 09
TACHI-S Co., Ltd. Provides Earning Guidance for the Year Ending March 31, 2022 TACHI-S Co., Ltd. provided earning guidance for the year ending March 31, 2022. For the period, the company expects net sales of JPY 216,000 million, operating loss of JPY 2,100 million, ordinary loss of JPY 500 million, net income attributable to owners of parent JPY 400 million and net income per share JPY 11.69. Reported Earnings • Nov 16
Second quarter 2022 earnings released: JP¥54.88 loss per share (vs JP¥172 loss in 2Q 2021) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2022 results: Revenue: JP¥46.3b (up 11% from 2Q 2021). Net loss: JP¥1.88b (loss narrowed 68% from 2Q 2021). 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. Reported Earnings • Aug 06
First quarter 2022 earnings released: JP¥82.55 loss per share (vs JP¥210 loss in 1Q 2021) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2022 results: Revenue: JP¥49.1b (up 29% from 1Q 2021). Net loss: JP¥2.83b (loss narrowed 61% from 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 106 percentage points per year, which is a significant difference in performance. Reported Earnings • Jun 26
Full year 2021 earnings released: JP¥401 loss per share (vs JP¥45.52 loss in FY 2020) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2021 results: Revenue: JP¥198.5b (down 30% from FY 2020). Net loss: JP¥13.7b (loss widened JP¥12.1b from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 119 percentage points per year, which is a significant difference in performance. Reported Earnings • May 18
Full year 2021 earnings released: JP¥401 loss per share (vs JP¥45.52 loss in FY 2020) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2021 results: Revenue: JP¥198.5b (down 30% from FY 2020). Net loss: JP¥13.7b (loss widened JP¥12.1b from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 107 percentage points per year, which is a significant difference in performance. Announcement • May 15
TACHI-S Co., Ltd. Announces Dividend for the Year Ended March 31, 2021, Payable on June 2, 2021 TACHI-S Co., Ltd. announced dividend of JPY 6.50 per share for the year ended March 31, 2021. Schedule date of the payment of cash dividends will be June 2, 2021. Upcoming Dividend • Mar 23
Inaugural dividend of JP¥6.50 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 02 June 2021. The company last paid an ordinary dividend in June 2020. The average dividend yield among industry peers is 1.9%. Announcement • Mar 06
TACHI-S Co., Ltd. to Report Fiscal Year 2021 Results on May 14, 2021 TACHI-S Co., Ltd. announced that they will report fiscal year 2021 results on May 14, 2021