Price Target Changed • Jun 30
Price target decreased by 11% to JP¥900 Down from JP¥1,010, the current price target is provided by 1 analyst. New target price is 15% above last closing price of JP¥783. Stock is up 43% over the past year. The company is forecast to post earnings per share of JP¥84.05 for next year compared to JP¥85.84 last year. Announcement • Jun 28
Press Kogyo Co., Ltd. to Report Q1, 2027 Results on Aug 07, 2026 Press Kogyo Co., Ltd. announced that they will report Q1, 2027 results on Aug 07, 2026 Reported Earnings • May 20
Full year 2026 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2026 results: EPS: JP¥85.84 (up from JP¥60.98 in FY 2025). Revenue: JP¥202.2b (up 6.5% from FY 2025). Net income: JP¥8.48b (up 39% from FY 2025). Profit margin: 4.2% (up from 3.2% in FY 2025). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.7%. Earnings per share (EPS) exceeded analyst estimates by 12%. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Announcement • May 15
Press Kogyo Co., Ltd., Annual General Meeting, Jun 25, 2026 Press Kogyo Co., Ltd., Annual General Meeting, Jun 25, 2026. Announcement • May 10
Press Kogyo Co., Ltd. to Report Fiscal Year 2026 Results on May 15, 2026 Press Kogyo Co., Ltd. announced that they will report fiscal year 2026 results on May 15, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥19.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 29 June 2026. Payout ratio is a comfortable 41% but the company is paying out more than the cash it is generating. Trailing yield: 4.7%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.8%). Major Estimate Revision • Mar 18
Consensus revenue estimates increase by 11% The consensus outlook for revenues in fiscal year 2026 has improved. 2026 revenue forecast increased from JP¥189.3b to JP¥210.0b. EPS estimate increased from JP¥73.10 to JP¥76.90 per share. Net income forecast to grow 13% next year vs 7.4% growth forecast for Auto Components industry in Japan. Consensus price target broadly unchanged at JP¥1,015. Share price was steady at JP¥867 over the past week. Reported Earnings • Feb 11
Third quarter 2026 earnings released: EPS: JP¥25.98 (vs JP¥10.50 in 3Q 2025) Third quarter 2026 results: EPS: JP¥25.98 (up from JP¥10.50 in 3Q 2025). Revenue: JP¥49.2b (up 14% from 3Q 2025). Net income: JP¥2.56b (up 146% from 3Q 2025). Profit margin: 5.2% (up from 2.4% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.3% 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 fallen by 6% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings. Announcement • Dec 10
Press Kogyo Co., Ltd. to Report Q3, 2026 Results on Feb 10, 2026 Press Kogyo Co., Ltd. announced that they will report Q3, 2026 results on Feb 10, 2026 Declared Dividend • Dec 03
First half dividend of JP¥19.00 announced Shareholders will receive a dividend of JP¥19.00. Ex-date: 30th March 2026 Payment date: 29th June 2026 Dividend yield will be 4.3%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (51% earnings payout ratio) but not covered by cash flows (272% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 59% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Major Estimate Revision • Nov 29
Consensus EPS estimates increase by 47% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from JP¥175.0b to JP¥190.0b. EPS estimate increased from JP¥46.30 to JP¥67.90 per share. Net income forecast to grow 13% next year vs 6.9% growth forecast for Auto Components industry in Japan. Consensus price target up from JP¥575 to JP¥790. Share price rose 4.1% to JP¥792 over the past week. Price Target Changed • Nov 29
Price target increased by 37% to JP¥790 Up from JP¥575, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of JP¥792. Stock is up 50% over the past year. The company is forecast to post earnings per share of JP¥67.90 for next year compared to JP¥60.98 last year. Reported Earnings • Nov 14
Second quarter 2026 earnings released: EPS: JP¥17.73 (vs JP¥11.92 in 2Q 2025) Second quarter 2026 results: EPS: JP¥17.73 (up from JP¥11.92 in 2Q 2025). Revenue: JP¥46.6b (flat on 2Q 2025). Net income: JP¥1.76b (up 49% from 2Q 2025). Profit margin: 3.8% (up from 2.6% in 2Q 2025). Revenue is forecast to grow 5.0% 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 fallen by 8% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Announcement • Nov 12
Press Kogyo Co., Ltd. (TSE:7246) announces an Equity Buyback for 2,500,000 shares, representing 2.51% for ¥1,500 million. Press Kogyo Co., Ltd. (TSE:7246) announces a share repurchase program. Under the program, the company will repurchase up to 2,500,000 shares, representing 2.51% of its total shares outstanding excluding treasury shares, for a total of ¥1,500 million. The purpose of repurchase program is to provide shareholder returns and to implement a flexible capital policy. The repurchased shares will be cancelled. The repurchase program is valid till March 13, 2026. As of September 30, 2025, the company had 99,487,072 shares issued (excluding treasury shares) and had 512,928 shares in treasury. Announcement • Sep 23
Press Kogyo Co., Ltd. to Report Q2, 2026 Results on Nov 11, 2025 Press Kogyo Co., Ltd. announced that they will report Q2, 2026 results on Nov 11, 2025 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥16.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 03 December 2025. Payout ratio is a comfortable 51% but the company is not cash flow positive. Trailing yield: 5.1%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (3.0%). Reported Earnings • Aug 08
First quarter 2026 earnings released: EPS: JP¥13.72 (vs JP¥22.03 in 1Q 2025) First quarter 2026 results: EPS: JP¥13.72 (down from JP¥22.03 in 1Q 2025). Revenue: JP¥45.7b (down 6.4% from 1Q 2025). Net income: JP¥1.36b (down 39% from 1Q 2025). Profit margin: 3.0% (down from 4.5% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. New Risk • Aug 08
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: 2.8% Last year net profit margin: 4.0% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (2.8% net profit margin). Buy Or Sell Opportunity • Aug 06
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 13% to JP¥617. The fair value is estimated to be JP¥513, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.2% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 3.8% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Declared Dividend • Jul 09
Final dividend of JP¥16.00 announced Shareholders will receive a dividend of JP¥16.00. Ex-date: 29th September 2025 Payment date: 3rd December 2025 Dividend yield will be 6.3%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (45% 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 13% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 24% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Major Estimate Revision • Jun 18
Consensus revenue estimates fall by 13% The consensus outlook for revenues in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from JP¥195.0b to JP¥170.0b. EPS estimate fell from JP¥59.35 to JP¥46.30 per share. Net income forecast to shrink 24% next year vs 1.9% growth forecast for Auto Components industry in Japan . Consensus price target up from JP¥560 to JP¥575. Share price was steady at JP¥545 over the past week. Announcement • Jun 10
Press Kogyo Co., Ltd. to Report Q1, 2026 Results on Aug 07, 2025 Press Kogyo Co., Ltd. announced that they will report Q1, 2026 results at 9:00 AM, Tokyo Standard Time on Aug 07, 2025 Reported Earnings • May 15
Full year 2025 earnings: Revenues and EPS in line with analyst expectations Full year 2025 results: EPS: JP¥61.69 (down from JP¥79.40 in FY 2024). Revenue: JP¥189.9b (down 4.0% from FY 2024). Net income: JP¥6.15b (down 24% from FY 2024). Profit margin: 3.2% (down from 4.1% in FY 2024). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 4.9% 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 1% per year but the company’s share price has increased by 9% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 13
Press Kogyo Co., Ltd., Annual General Meeting, Jun 26, 2025 Press Kogyo Co., Ltd., Annual General Meeting, Jun 26, 2025. Buy Or Sell Opportunity • Apr 07
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 15% to JP¥466. The fair value is estimated to be JP¥601, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.9% over the last 3 years. Earnings per share has grown by 3.3%. For the next 3 years, revenue is forecast to grow by 5.2% per annum. Earnings are also forecast to grow by 9.4% per annum over the same time period. Announcement • Mar 27
Press Kogyo Co., Ltd. to Report Fiscal Year 2025 Results on May 13, 2025 Press Kogyo Co., Ltd. announced that they will report fiscal year 2025 results on May 13, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥19.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 30 June 2025. Payout ratio is a comfortable 45% and the cash payout ratio is 83%. Trailing yield: 4.7%. 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 28% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from JP¥177.0b to JP¥190.0b. EPS estimate increased from JP¥48.05 to JP¥61.50 per share. Net income forecast to grow 2.3% next year vs 12% growth forecast for Auto Components industry in Japan. Consensus price target down from JP¥575 to JP¥560. Share price was steady at JP¥588 over the past week. New Risk • Feb 14
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: 3.1% Last year net profit margin: 4.7% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (3.1% net profit margin). Reported Earnings • Feb 14
Third quarter 2025 earnings released: EPS: JP¥10.50 (vs JP¥22.94 in 3Q 2024) Third quarter 2025 results: EPS: JP¥10.50 (down from JP¥22.94 in 3Q 2024). Revenue: JP¥43.1b (down 18% from 3Q 2024). Net income: JP¥1.04b (down 55% from 3Q 2024). Profit margin: 2.4% (down from 4.4% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.8% 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 3% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Major Estimate Revision • Jan 10
Consensus EPS estimates fall by 14% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from JP¥180.0b to JP¥177.0b. EPS estimate also fell from JP¥55.80 per share to JP¥48.05 per share. Net income forecast to shrink 29% next year vs 16% growth forecast for Auto Components industry in Japan . Consensus price target down from JP¥620 to JP¥575. Share price fell 4.5% to JP¥536 over the past week. Announcement • Dec 11
Press Kogyo Co., Ltd. to Report Q3, 2025 Results on Feb 12, 2025 Press Kogyo Co., Ltd. announced that they will report Q3, 2025 results on Feb 12, 2025 Declared Dividend • Dec 04
First half dividend of JP¥19.00 announced Shareholders will receive a dividend of JP¥19.00. Ex-date: 28th March 2025 Payment date: 30th June 2025 Dividend yield will be 6.1%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by both earnings (37% earnings payout ratio) and cash flows (83% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 48% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 13
Second quarter 2025 earnings released: EPS: JP¥11.92 (vs JP¥20.04 in 2Q 2024) Second quarter 2025 results: EPS: JP¥11.92 (down from JP¥20.04 in 2Q 2024). Revenue: JP¥46.5b (down 2.6% from 2Q 2024). Net income: JP¥1.19b (down 42% from 2Q 2024). Profit margin: 2.6% (down from 4.3% in 2Q 2024). Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 8% per year. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥13.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 04 December 2024. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 4.6%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (3.5%). Announcement • Aug 28
Press Kogyo Co., Ltd. to Report Q2, 2025 Results on Nov 11, 2024 Press Kogyo Co., Ltd. announced that they will report Q2, 2025 results on Nov 11, 2024 Reported Earnings • Aug 12
First quarter 2025 earnings released: EPS: JP¥22.03 (vs JP¥23.28 in 1Q 2024) First quarter 2025 results: EPS: JP¥22.03 (down from JP¥23.28 in 1Q 2024). Revenue: JP¥48.8b (down 4.6% from 1Q 2024). Net income: JP¥2.22b (down 7.0% from 1Q 2024). Profit margin: 4.5% (down from 4.7% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 17% per year. New Risk • Aug 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.5% average weekly change). 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¥486, 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 55% over the past three years. Declared Dividend • Jul 11
Final dividend of JP¥13.00 announced Shareholders will receive a dividend of JP¥13.00. Ex-date: 27th September 2024 Payment date: 4th December 2024 Dividend yield will be 4.0%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (37% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 17% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 13
Press Kogyo Co., Ltd. to Report Q1, 2025 Results on Aug 08, 2024 Press Kogyo Co., Ltd. announced that they will report Q1, 2025 results on Aug 08, 2024 Reported Earnings • May 16
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: EPS: JP¥79.40 (up from JP¥65.54 in FY 2023). Revenue: JP¥197.8b (up 7.0% from FY 2023). Net income: JP¥8.08b (up 19% from FY 2023). Profit margin: 4.1% (up from 3.7% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) missed analyst estimates by 3.3%. Revenue is forecast to grow 5.2% p.a. on average during the next 3 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 23% per year whereas the company’s share price has increased by 27% per year. Valuation Update With 7 Day Price Move • May 14
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥677, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 9x in the Auto Components industry in Japan. Total returns to shareholders of 138% over the past three years. Announcement • Mar 30
Press Kogyo Co., Ltd. to Report Fiscal Year 2024 Results on May 13, 2024 Press Kogyo Co., Ltd. announced that they will report fiscal year 2024 results on May 13, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥13.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 3.7%. 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¥22.94 (vs JP¥2.19 in 3Q 2023) Third quarter 2024 results: EPS: JP¥22.94 (up from JP¥2.19 in 3Q 2023). Revenue: JP¥52.5b (up 5.6% from 3Q 2023). Net income: JP¥2.33b (up JP¥2.10b from 3Q 2023). Profit margin: 4.4% (up from 0.5% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.5% 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 37% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Announcement • Nov 27
Press Kogyo Co., Ltd. to Report Q3, 2024 Results on Feb 09, 2024 Press Kogyo Co., Ltd. announced that they will report Q3, 2024 results on Feb 09, 2024 Reported Earnings • Nov 10
Second quarter 2024 earnings released: EPS: JP¥20.04 (vs JP¥22.27 in 2Q 2023) Second quarter 2024 results: EPS: JP¥20.04 (down from JP¥22.27 in 2Q 2023). Revenue: JP¥47.7b (up 5.4% from 2Q 2023). Net income: JP¥2.04b (down 12% from 2Q 2023). Profit margin: 4.3% (down from 5.1% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.4% 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 47% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥13.00 per share at 3.7% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 04 December 2023. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 3.7%. Within top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (2.5%). Announcement • Aug 31
Press Kogyo Co., Ltd. to Report Q2, 2024 Results on Nov 09, 2023 Press Kogyo Co., Ltd. announced that they will report Q2, 2024 results on Nov 09, 2023 Reported Earnings • Aug 10
First quarter 2024 earnings released: EPS: JP¥23.28 (vs JP¥15.53 in 1Q 2023) First quarter 2024 results: EPS: JP¥23.28 (up from JP¥15.53 in 1Q 2023). Revenue: JP¥51.2b (up 21% from 1Q 2023). Net income: JP¥2.38b (up 46% from 1Q 2023). Profit margin: 4.7% (up from 3.8% in 1Q 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 4.1% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Price Target Changed • Jun 23
Price target increased by 10% to JP¥715 Up from JP¥650, the current price target is an average from 2 analysts. New target price is 20% above last closing price of JP¥597. Stock is up 46% over the past year. The company is forecast to post earnings per share of JP¥81.00 for next year compared to JP¥65.54 last year. Announcement • May 28
Press Kogyo Co., Ltd. to Report Q1, 2024 Results on Aug 09, 2023 Press Kogyo Co., Ltd. announced that they will report Q1, 2024 results on Aug 09, 2023 Reported Earnings • May 13
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2023 results: EPS: JP¥65.54 (down from JP¥66.17 in FY 2022). Revenue: JP¥184.8b (up 16% from FY 2022). Net income: JP¥6.79b (down 4.4% from FY 2022). Profit margin: 3.7% (down from 4.4% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) exceeded analyst estimates by 9.9%. Revenue is forecast to grow 5.7% 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 53% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Announcement • May 13
Press Kogyo Co., Ltd., Annual General Meeting, Jun 29, 2023 Press Kogyo Co., Ltd., Annual General Meeting, Jun 29, 2023. Announcement • May 12
Press Kogyo Co., Ltd. (TSE:7246) announces an Equity Buyback for 2,000,000 shares, representing 1.94% for ¥1,000 million. Press Kogyo Co., Ltd. (TSE:7246) announces a share repurchase program. Under the program, the company will repurchase 2,000,000 shares, representing 1.94% of the outstanding shares for ¥1,000 million. The purpose of the program is to implement a flexible capital policy and to improve shareholder returns. The program will run until September 15, 2023. As of April 30, 2023, the company had 103,116,456 shares issued and outstanding (excluding treasury stock) and more than 5,477,814 shares of treasury stock. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥10.50 per share at 4.4% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 4.4%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (3.2%). Announcement • Feb 14
Press Kogyo Co., Ltd. Provides Consolidated Earnings Guidance for the Year Ending March 31, 2023 Press Kogyo Co., Ltd. provided consolidated earnings guidance for the year ending March 31, 2023 . For the year, the company expected net sales of JPY 185,000 million, Operating profit of JPY 13,000 million, Profit attributable to owners of parent of JPY 5,700 million and Earnings per share of JPY 55.00. Reported Earnings • Feb 10
Third quarter 2023 earnings released: EPS: JP¥2.19 (vs JP¥6.89 in 3Q 2022) Third quarter 2023 results: EPS: JP¥2.19 (down from JP¥6.89 in 3Q 2022). Revenue: JP¥49.8b (up 41% from 3Q 2022). Net income: JP¥226.0m (down 69% from 3Q 2022). Profit margin: 0.5% (down from 2.1% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.1% 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 increased by 51% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Nov 30
Press Kogyo Co., Ltd. to Report Q3, 2023 Results on Feb 07, 2023 Press Kogyo Co., Ltd. announced that they will report Q3, 2023 results on Feb 07, 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. 8 non-independent directors. Independent External Director Kenji Furusato was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 09
Second quarter 2023 earnings released: EPS: JP¥22.27 (vs JP¥8.44 in 2Q 2022) Second quarter 2023 results: EPS: JP¥22.27 (up from JP¥8.44 in 2Q 2022). Revenue: JP¥45.2b (up 29% from 2Q 2022). Net income: JP¥2.30b (up 152% from 2Q 2022). Profit margin: 5.1% (up from 2.6% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥10.50 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 02 December 2022. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 5.0%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (3.1%). Reported Earnings • Aug 05
First quarter 2023 earnings released: EPS: JP¥15.53 (vs JP¥22.06 in 1Q 2022) First quarter 2023 results: EPS: JP¥15.53 (down from JP¥22.06 in 1Q 2022). Revenue: JP¥42.3b (up 4.3% from 1Q 2022). Net income: JP¥1.63b (down 32% from 1Q 2022). Profit margin: 3.8% (down from 5.9% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 9.7%, compared to a 13% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • May 16
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: JP¥66.17 (up from JP¥13.74 in FY 2021). Revenue: JP¥160.1b (up 4.1% from FY 2021). Net income: JP¥7.11b (up 377% from FY 2021). Profit margin: 4.4% (up from 1.0% in FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.0%. Over the next year, revenue is forecast to grow 9.3%, compared to a 11% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Price Target Changed • Apr 27
Price target decreased to JP¥600 Down from JP¥850, the current price target is provided by 1 analyst. New target price is 67% above last closing price of JP¥360. Stock is up 13% over the past year. The company is forecast to post earnings per share of JP¥65.50 for next year compared to JP¥13.74 last year. Board Change • Apr 27
No independent directors There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: No independent directors. 7 non-independent directors. Executive Managing Officer, CFO & Director Takekazu Karaki was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥9.50 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 30 June 2022. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 4.9%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (3.0%). Reported Earnings • Feb 08
Third quarter 2022 earnings: EPS in line with expectations, revenues disappoint Third quarter 2022 results: EPS: JP¥6.89 (down from JP¥8.16 in 3Q 2021). Revenue: JP¥35.3b (down 7.6% from 3Q 2021). Net income: JP¥739.0m (down 16% from 3Q 2021). Profit margin: 2.1% (down from 2.3% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 12%. Over the next year, revenue is forecast to grow 7.6%, compared to a 8.9% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 14% per year. Reported Earnings • Nov 07
Second quarter 2022 earnings released: EPS JP¥8.44 (vs JP¥17.57 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¥35.0b (up 24% from 2Q 2021). Net income: JP¥915.0m (up JP¥2.82b from 2Q 2021). Profit margin: 2.6% (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 31% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 09
First quarter 2022 earnings released: EPS JP¥22.06 (vs JP¥6.28 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¥40.5b (up 4.3% from 1Q 2021). Net income: JP¥2.39b (up JP¥3.07b from 1Q 2021). Profit margin: 5.9% (up from net loss in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Reported Earnings • May 14
Full year 2021 earnings released: EPS JP¥13.74 (vs JP¥34.22 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥153.7b (down 25% from FY 2020). Net income: JP¥1.49b (down 60% from FY 2020). Profit margin: 1.0% (down from 1.8% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings.