Announcement • Jun 03
Futaba Industrial Co., Ltd. to Report Q1, 2027 Results on Jul 30, 2026 Futaba Industrial Co., Ltd. announced that they will report Q1, 2027 results on Jul 30, 2026 Reported Earnings • Apr 28
Full year 2026 earnings: EPS exceeds analyst expectations Full year 2026 results: EPS: JP¥179 (up from JP¥69.38 in FY 2025). Revenue: JP¥677.9b (down 4.1% from FY 2025). Net income: JP¥16.0b (up 158% from FY 2025). Profit margin: 2.4% (up from 0.9% 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 31%. Revenue is forecast to grow 5.0% 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 12% per year but the company’s share price has increased by 29% per year, which means it is well ahead of earnings. Announcement • Apr 27
Futaba Industrial Co., Ltd., Annual General Meeting, Jun 19, 2026 Futaba Industrial Co., Ltd., Annual General Meeting, Jun 19, 2026. Announcement • Apr 21
Futaba Industrial Co., Ltd. to Report Fiscal Year 2026 Results on Apr 27, 2026 Futaba Industrial Co., Ltd. announced that they will report fiscal year 2026 results on Apr 27, 2026 Reported Earnings • Feb 03
Third quarter 2026 earnings released: EPS: JP¥50.69 (vs JP¥13.45 in 3Q 2025) Third quarter 2026 results: EPS: JP¥50.69 (up from JP¥13.45 in 3Q 2025). Revenue: JP¥173.1b (down 2.3% from 3Q 2025). Net income: JP¥4.53b (up 276% from 3Q 2025). Profit margin: 2.6% (up from 0.7% in 3Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.2% 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 fallen by 9% per year but the company’s share price has increased by 38% per year, which means it is well ahead of earnings. Announcement • Dec 03
Futaba Industrial Co., Ltd. to Report Q3, 2026 Results on Feb 02, 2026 Futaba Industrial Co., Ltd. announced that they will report Q3, 2026 results on Feb 02, 2026 Declared Dividend • Nov 27
First half dividend of JP¥20.00 announced Shareholders will receive a dividend of JP¥20.00. Ex-date: 30th March 2026 Payment date: 5th June 2026 Dividend yield will be 3.9%, 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 (38% cash payout ratio). The dividend has increased by an average of 30% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 48% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Oct 31
Second quarter 2026 earnings released: EPS: JP¥42.18 (vs JP¥8.75 loss in 2Q 2025) Second quarter 2026 results: EPS: JP¥42.18 (up from JP¥8.75 loss in 2Q 2025). Revenue: JP¥165.6b (up 1.7% from 2Q 2025). Net income: JP¥3.78b (up JP¥4.56b from 2Q 2025). Profit margin: 2.3% (up from net loss in 2Q 2025). The move to profitability was primarily driven by higher revenue. Revenue is forecast to grow 4.7% 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 fallen by 5% per year but the company’s share price has increased by 36% per year, which means it is well ahead of earnings. Announcement • Oct 30
Futaba Industrial Co., Ltd. (TSE:7241) announces an Equity Buyback for 430,000 shares, representing 0.48% for ¥473 million. Futaba Industrial Co., Ltd. (TSE:7241) announces a share repurchase program. Under the program, the company will repurchase up to 430,000 shares, representing 0.48% of its issued share capital (excluding treasury stock), for a total purchase price of ¥473 million. The purpose of the program is to acquire the required number of treasury shares for disposal as restricted stock compensation, and to implement an agile capital policy that can respond to a changing business environment while avoiding the dilution of share value associated with the disposal. The program will continue through December 12, 2025 . As of September 30, 2025, the company had 89,521,573 issued shares (excluding treasury stock) and 59,254 treasury shares. 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: 27 November 2025. Payout ratio is a comfortable 49% but the company is not cash flow positive. Trailing yield: 4.1%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (3.0%). Announcement • Sep 02
Futaba Industrial Co., Ltd. to Report Q2, 2026 Results on Oct 30, 2025 Futaba Industrial Co., Ltd. announced that they will report Q2, 2026 results on Oct 30, 2025 Reported Earnings • Jul 31
First quarter 2026 earnings released: EPS: JP¥29.21 (vs JP¥26.50 in 1Q 2025) First quarter 2026 results: EPS: JP¥29.21 (up from JP¥26.50 in 1Q 2025). Revenue: JP¥163.9b (down 12% from 1Q 2025). Net income: JP¥2.61b (up 10% from 1Q 2025). Profit margin: 1.6% (up from 1.3% in 1Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Jul 30
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 4 experienced directors. No highly experienced directors. Independent Outside Director Masayoshi Ichikawa is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Jul 16
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. 5 non-independent directors. Independent Outside Director Yoshihisa Miyabe was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 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: 27th November 2025 Dividend yield will be 5.3%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (68% 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 increased by an average of 30% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 96% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jun 24
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: JP¥69.38 (down from JP¥143 in FY 2024). Revenue: JP¥707.1b (down 11% from FY 2024). Net income: JP¥6.21b (down 52% from FY 2024). Profit margin: 0.9% (down from 1.6% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 22%. Revenue is forecast to grow 3.3% 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 22% per year whereas the company’s share price has increased by 23% per year. Announcement • Jun 04
Futaba Industrial Co., Ltd. to Report Q1, 2026 Results on Jul 30, 2025 Futaba Industrial Co., Ltd. announced that they will report Q1, 2026 results on Jul 30, 2025 New Risk • Apr 26
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 4.5% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. 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: Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.9% net profit margin). Reported Earnings • Apr 25
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: JP¥69.38 (down from JP¥143 in FY 2024). Revenue: JP¥707.1b (down 11% from FY 2024). Net income: JP¥6.21b (down 52% from FY 2024). Profit margin: 0.9% (down from 1.6% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 22%. Revenue is forecast to grow 5.5% p.a. on average during the next 2 years, compared to a 3.1% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 26% per year. Announcement • Apr 24
Futaba Industrial Co., Ltd., Annual General Meeting, Jun 20, 2025 Futaba Industrial Co., Ltd., Annual General Meeting, Jun 20, 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¥678, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 8x in the Auto Components industry in Japan. Total returns to shareholders of 133% over the past three years. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥18.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 06 June 2025. Payout ratio is a comfortable 68% and this is well supported by cash flows. Trailing yield: 4.2%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (3.3%). Major Estimate Revision • Mar 14
Consensus EPS estimates increase by 27% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from JP¥690.0b to JP¥710.0b. EPS estimate increased from JP¥70.40 to JP¥89.40 per share. Net income forecast to grow 153% next year vs 12% growth forecast for Auto Components industry in Japan. Consensus price target up from JP¥747 to JP¥850. Share price was steady at JP¥806 over the past week. Announcement • Mar 04
Futaba Industrial Co., Ltd. to Report Fiscal Year 2025 Results on Apr 24, 2025 Futaba Industrial Co., Ltd. announced that they will report fiscal year 2025 results on Apr 24, 2025 Reported Earnings • Jan 31
Third quarter 2025 earnings released: EPS: JP¥13.45 (vs JP¥45.00 in 3Q 2024) Third quarter 2025 results: EPS: JP¥13.45 (down from JP¥45.00 in 3Q 2024). Revenue: JP¥177.2b (down 14% from 3Q 2024). Net income: JP¥1.20b (down 70% from 3Q 2024). Profit margin: 0.7% (down from 1.9% in 3Q 2024). Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Jan 10
Consensus revenue estimates fall by 14% The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from JP¥800.0b to JP¥690.0b. EPS estimate fell from JP¥162 to JP¥70.40 per share. Net income forecast to grow 7.5% next year vs 16% growth forecast for Auto Components industry in Japan. Consensus price target down from JP¥960 to JP¥747. Share price fell 4.2% to JP¥692 over the past week. Announcement • Dec 05
Futaba Industrial Co., Ltd. to Report Q3, 2025 Results on Jan 30, 2025 Futaba Industrial Co., Ltd. announced that they will report Q3, 2025 results on Jan 30, 2025 Declared Dividend • Nov 28
First half dividend of JP¥18.00 announced Shareholders will receive a dividend of JP¥18.00. Ex-date: 28th March 2025 Payment date: 6th June 2025 Dividend yield will be 5.4%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (23% earnings payout ratio) and cash flows (21% cash payout ratio). The dividend has increased by an average of 28% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 85% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 01
Second quarter 2025 earnings released: JP¥8.75 loss per share (vs JP¥40.97 profit in 2Q 2024) Second quarter 2025 results: JP¥8.75 loss per share (down from JP¥40.97 profit in 2Q 2024). Revenue: JP¥162.9b (down 18% from 2Q 2024). Net loss: JP¥783.0m (down 121% from profit in 2Q 2024). Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥17.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 27 November 2024. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 5.0%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (3.5%). Announcement • Aug 31
Futaba Industrial Co., Ltd. to Report Q2, 2025 Results on Oct 30, 2024 Futaba Industrial Co., Ltd. announced that they will report Q2, 2025 results on Oct 30, 2024 Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥678, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 7x in the Auto Components industry in Japan. Total returns to shareholders of 47% over the past three years. Reported Earnings • Aug 01
First quarter 2025 earnings released: EPS: JP¥26.50 (vs JP¥34.38 in 1Q 2024) First quarter 2025 results: EPS: JP¥26.50 (down from JP¥34.38 in 1Q 2024). Revenue: JP¥186.5b (down 8.9% from 1Q 2024). Net income: JP¥2.37b (down 23% from 1Q 2024). Profit margin: 1.3% (down from 1.5% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.1% 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 43% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Declared Dividend • Jul 11
Final dividend of JP¥17.00 announced Shareholders will receive a dividend of JP¥17.00. Ex-date: 27th September 2024 Payment date: 27th November 2024 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 (13% earnings payout ratio) and cash flows (8% cash payout ratio). The dividend has increased by an average of 28% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 30% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jun 28
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: JP¥143 (up from JP¥118 in FY 2023). Revenue: JP¥795.8b (up 12% from FY 2023). Net income: JP¥12.8b (up 21% from FY 2023). Profit margin: 1.6% (up from 1.5% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.0%. Earnings per share (EPS) exceeded analyst estimates by 3.5%. Revenue is forecast to grow 6.1% p.a. on average during the next 2 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 50% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Announcement • Jun 06
Futaba Industrial Co., Ltd. to Report Q1, 2025 Results on Jul 30, 2024 Futaba Industrial Co., Ltd. announced that they will report Q1, 2025 results on Jul 30, 2024 Announcement • Apr 28
Futaba Industrial Co., Ltd., Annual General Meeting, Jun 21, 2024 Futaba Industrial Co., Ltd., Annual General Meeting, Jun 21, 2024. Reported Earnings • Apr 26
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: JP¥143 (up from JP¥118 in FY 2023). Revenue: JP¥795.8b (up 12% from FY 2023). Net income: JP¥12.8b (up 21% from FY 2023). Profit margin: 1.6% (up from 1.5% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.0%. Earnings per share (EPS) exceeded analyst estimates by 3.5%. Revenue is forecast to grow 6.1% p.a. on average during the next 2 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 50% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. 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: 10 June 2024. Payout ratio is a comfortable 13% 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 02
Futaba Industrial Co., Ltd. to Report Fiscal Year 2024 Results on Apr 25, 2024 Futaba Industrial Co., Ltd. announced that they will report fiscal year 2024 results on Apr 25, 2024 Major Estimate Revision • Feb 21
Consensus EPS estimates increase by 36% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from JP¥780.0b to JP¥820.0b. EPS estimate increased from JP¥102 to JP¥139 per share. Net income forecast to shrink 31% next year vs 7.5% growth forecast for Auto Components industry in Japan . Consensus price target up from JP¥780 to JP¥1,100. Share price rose 9.9% to JP¥1,068 over the past week. Reported Earnings • Feb 03
Third quarter 2024 earnings released: EPS: JP¥45.00 (vs JP¥19.76 in 3Q 2023) Third quarter 2024 results: EPS: JP¥45.00 (up from JP¥19.76 in 3Q 2023). Revenue: JP¥206.8b (up 9.8% from 3Q 2023). Net income: JP¥4.03b (up 128% from 3Q 2023). Profit margin: 1.9% (up from 0.9% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥1,012, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 10x in the Auto Components industry in Japan. Total returns to shareholders of 95% over the past three years. Announcement • Dec 16
Futaba Industrial Co., Ltd. to Report Q3, 2024 Results on Feb 01, 2024 Futaba Industrial Co., Ltd. announced that they will report Q3, 2024 results on Feb 01, 2024 Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥792, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 10x in the Auto Components industry in Japan. Total returns to shareholders of 73% over the past three years. Reported Earnings • Nov 01
Second quarter 2024 earnings released: EPS: JP¥40.97 (vs JP¥7.21 in 2Q 2023) Second quarter 2024 results: EPS: JP¥40.97 (up from JP¥7.21 in 2Q 2023). Revenue: JP¥198.7b (up 15% from 2Q 2023). Net income: JP¥3.67b (up 468% from 2Q 2023). Profit margin: 1.8% (up from 0.4% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Announcement • Aug 27
Futaba Industrial Co., Ltd. to Report Q2, 2024 Results on Oct 30, 2023 Futaba Industrial Co., Ltd. announced that they will report Q2, 2024 results on Oct 30, 2023 Reported Earnings • Jul 28
First quarter 2024 earnings released: EPS: JP¥34.37 (vs JP¥19.53 loss in 1Q 2023) First quarter 2024 results: EPS: JP¥34.37 (up from JP¥19.53 loss in 1Q 2023). Revenue: JP¥204.7b (up 33% from 1Q 2023). Net income: JP¥3.07b (up JP¥4.82b from 1Q 2023). Profit margin: 1.5% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Announcement • Jun 01
Futaba Industrial Co., Ltd. to Report Q1, 2024 Results on Jul 27, 2023 Futaba Industrial Co., Ltd. announced that they will report Q1, 2024 results on Jul 27, 2023 Reported Earnings • Apr 28
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2023 results: EPS: JP¥118 (up from JP¥36.93 in FY 2022). Revenue: JP¥708.1b (up 24% from FY 2022). Net income: JP¥10.6b (up 220% from FY 2022). Profit margin: 1.5% (up from 0.6% in FY 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) exceeded analyst estimates by 73%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 4.6% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥10.00 per share at 2.5% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 07 June 2023. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (3.2%). Reported Earnings • Feb 03
Third quarter 2023 earnings released: EPS: JP¥19.76 (vs JP¥9.78 in 3Q 2022) Third quarter 2023 results: EPS: JP¥19.76 (up from JP¥9.78 in 3Q 2022). Revenue: JP¥188.3b (up 30% from 3Q 2022). Net income: JP¥1.77b (up 102% from 3Q 2022). Profit margin: 0.9% (up from 0.6% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 16% per year, which means it is performing significantly worse than earnings. Announcement • Dec 10
Futaba Industrial Co., Ltd. to Report Q3, 2023 Results on Feb 02, 2023 Futaba Industrial Co., Ltd. announced that they will report Q3, 2023 results on Feb 02, 2023 Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 8 experienced directors. 3 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Outside Director Motoko Miyajima was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Nov 03
Investor sentiment improved over the past week After last week's 16% share price gain to JP¥376, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 8x in the Auto Components industry in Japan. Total loss to shareholders of 51% over the past three years. Reported Earnings • Oct 28
Second quarter 2023 earnings released: EPS: JP¥7.21 (vs JP¥32.77 loss in 2Q 2022) Second quarter 2023 results: EPS: JP¥7.21 (up from JP¥32.77 loss in 2Q 2022). Revenue: JP¥173.0b (up 37% from 2Q 2022). Net income: JP¥645.0m (up JP¥3.58b from 2Q 2022). Profit margin: 0.4% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has fallen by 19% per year whereas the company’s share price has fallen by 22% per year. Announcement • Aug 28
Futaba Industrial Co., Ltd. to Report Q2, 2023 Results on Oct 27, 2022 Futaba Industrial Co., Ltd. announced that they will report Q2, 2023 results on Oct 27, 2022 Reported Earnings • Jul 30
First quarter 2023 earnings released: JP¥19.53 loss per share (vs JP¥17.60 profit in 1Q 2022) First quarter 2023 results: JP¥19.53 loss per share (down from JP¥17.60 profit in 1Q 2022). Revenue: JP¥153.5b (up 12% from 1Q 2022). Net loss: JP¥1.75b (down 211% from profit in 1Q 2022). Over the next year, revenue is forecast to grow 27%, compared to a 13% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 22% per year whereas the company’s share price has fallen by 20% per year. Announcement • Jun 02
Futaba Industrial Co., Ltd. to Report Q1, 2023 Results on Jul 28, 2022 Futaba Industrial Co., Ltd. announced that they will report Q1, 2023 results on Jul 28, 2022 Valuation Update With 7 Day Price Move • May 04
Investor sentiment improved over the past week After last week's 20% share price gain to JP¥381, the stock trades at a trailing P/E ratio of 10.3x. Average trailing P/E is 8x in the Auto Components industry in Japan. Total loss to shareholders of 37% over the past three years. Reported Earnings • Apr 30
Full year 2022 earnings released: EPS: JP¥36.93 (vs JP¥45.73 in FY 2021) Full year 2022 results: EPS: JP¥36.93 (down from JP¥45.73 in FY 2021). Revenue: JP¥572.1b (up 23% from FY 2021). Net income: JP¥3.31b (down 19% from FY 2021). Profit margin: 0.6% (down from 0.9% in FY 2021). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings. 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 Motoko Miyajima 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 • Apr 08
Futaba Industrial Co., Ltd. to Report Fiscal Year 2022 Results on Apr 27, 2022 Futaba Industrial Co., Ltd. announced that they will report fiscal year 2022 results on Apr 27, 2022 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: 02 June 2022. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 2.8%. 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: EPS and revenues exceed analyst expectations Third quarter 2022 results: EPS: JP¥9.78 (down from JP¥52.72 in 3Q 2021). Revenue: JP¥144.5b (up 5.4% from 3Q 2021). Net income: JP¥876.0m (down 81% from 3Q 2021). Profit margin: 0.6% (down from 3.4% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.7%. Earnings per share (EPS) also surpassed analyst estimates by 37%. Over the next year, revenue is forecast to grow 6.6%, compared to a 7.0% growth forecast for the 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 fallen by 12% per year, which means it is performing significantly worse than earnings. Reported Earnings • Oct 29
Second quarter 2022 earnings released: JP¥32.77 loss per share (vs JP¥14.59 profit in 2Q 2021) The company reported a soft second quarter result with weaker earnings and weaker control over costs, although revenues improved. Second quarter 2022 results: Revenue: JP¥126.7b (up 3.5% from 2Q 2021). Net loss: JP¥2.94b (down 325% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 13% per year, which means it is performing significantly worse than earnings. Reported Earnings • Aug 01
First quarter 2022 earnings released: EPS JP¥17.60 (vs JP¥63.46 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¥136.9b (up 114% from 1Q 2021). Net income: JP¥1.58b (up JP¥7.26b from 1Q 2021). Profit margin: 1.2% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 20% 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. Major Estimate Revision • Jul 16
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from JP¥500.0b to JP¥550.0b. EPS estimate fell from JP¥112 to JP¥74.80. Net income forecast to grow 64% next year vs 48% growth forecast for Auto Components industry in Japan. Consensus price target up from JP¥750 to JP¥800. Share price rose 5.1% to JP¥555 over the past week. Reported Earnings • Jun 24
Full year 2021 earnings released: EPS JP¥45.73 (vs JP¥71.02 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥466.8b (down 2.0% from FY 2020). Net income: JP¥4.10b (down 36% from FY 2020). Profit margin: 0.9% (down from 1.3% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 29
Full year 2021 earnings released: EPS JP¥45.73 (vs JP¥71.02 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥466.8b (down 2.0% from FY 2020). Net income: JP¥4.10b (down 36% from FY 2020). Profit margin: 0.9% (down from 1.3% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 51% 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. Announcement • Apr 29
Futaba Industrial Co., Ltd. (TSE:7241) announces an Equity Buyback for 70,000 shares, representing 0.08% for ¥30 million. Futaba Industrial Co., Ltd. (TSE:7241) announces a share repurchase program. Under the program, the company will repurchase 700,000 shares, representing 0.08% of the outstanding shares for ¥30 million. The purpose of the program is to improve shareholder returns and to enable the implementation of a flexible capital policy in response to changes in the business environment. The program will run until May 21, 2021. As of March 31, 2021, the company had 89,566,900 shares outstanding and 131340351594,927 shares in treasury. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 03 June 2021. Trailing yield: 1.6%. Lower than top quartile of Japanese dividend payers (2.7%). Lower than average of industry peers (1.9%). Announcement • Mar 04
Futaba Industrial Co., Ltd. to Report Fiscal Year 2021 Results on Apr 27, 2021 Futaba Industrial Co., Ltd. announced that they will report fiscal year 2021 results on Apr 27, 2021 Is New 90 Day High Low • Feb 03
New 90-day high: JP¥569 The company is up 11% from its price of JP¥511 on 05 November 2020. The Japanese market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 17% over the same period. Reported Earnings • Feb 02
Third quarter 2021 earnings released: EPS JP¥52.72 (vs JP¥18.47 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥137.2b (up 20% from 3Q 2020). Net income: JP¥4.72b (up 186% from 3Q 2020). Profit margin: 3.4% (up from 1.4% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Announcement • Dec 03
Futaba Industrial Co., Ltd. to Report Q3, 2021 Results on Feb 01, 2021 Futaba Industrial Co., Ltd. announced that they will report Q3, 2021 results on Feb 01, 2021 Price Target Changed • Dec 01
Price target raised to JP¥700 Up from JP¥560, the current price target is provided by 1 analyst. The new target price is 37% above the current share price of JP¥510. As of last close, the stock is down 36% over the past year. Announcement • Aug 30
Futaba Industrial Co., Ltd. to Report Q2, 2021 Results on Oct 28, 2020 Futaba Industrial Co., Ltd. announced that they will report Q2, 2021 results on Oct 28, 2020 
