Announcement • Jun 21
Ohashi Technica Inc. to Report Q1, 2027 Results on Aug 06, 2026 Ohashi Technica Inc. announced that they will report Q1, 2027 results on Aug 06, 2026 New Risk • May 15
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 121% Dividend yield: 3.5% 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. This is currently the only risk that has been identified for the company. Reported Earnings • May 13
Full year 2026 earnings released: EPS: JP¥81.38 (vs JP¥57.95 in FY 2025) Full year 2026 results: EPS: JP¥81.38 (up from JP¥57.95 in FY 2025). Revenue: JP¥40.9b (up 2.3% from FY 2025). Net income: JP¥2.08b (up 37% from FY 2025). Profit margin: 5.1% (up from 3.8% in FY 2025). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Announcement • May 12
Ohashi Technica Inc., Annual General Meeting, Jun 24, 2026 Ohashi Technica Inc., Annual General Meeting, Jun 24, 2026. Announcement • Apr 25
Ohashi Technica Inc. to Report Fiscal Year 2026 Results on May 12, 2026 Ohashi Technica Inc. announced that they will report fiscal year 2026 results on May 12, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥18.50 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 26 June 2026. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.8%). Reported Earnings • Feb 11
Third quarter 2026 earnings released Third quarter 2026 results: Revenue: JP¥10.5b (up 6.0% from 3Q 2025). Net income: JP¥634.0m (up 33% from 3Q 2025). Profit margin: 6.1% (up from 4.8% in 3Q 2025). New Risk • Dec 28
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 106% Dividend yield: 6.1% 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: Major Risk Earnings have declined by 2.1% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (106% cash payout ratio). Large one-off items impacting financial results. Announcement • Dec 10
Ohashi Technica Inc. to Report Q3, 2026 Results on Feb 10, 2026 Ohashi Technica Inc. announced that they will report Q3, 2026 results on Feb 10, 2026 Declared Dividend • Dec 03
First half dividend of JP¥37.00 announced Shareholders will receive a dividend of JP¥37.00. Ex-date: 30th March 2026 Payment date: 26th June 2026 Dividend yield will be 3.3%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by both earnings (40% earnings payout ratio) and cash flows (53% cash payout ratio). The dividend has increased by an average of 8.4% 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. Earnings per share has grown by 13% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 14
Second quarter 2026 earnings released: EPS: JP¥80.24 (vs JP¥33.66 in 2Q 2025) Second quarter 2026 results: EPS: JP¥80.24 (up from JP¥33.66 in 2Q 2025). Revenue: JP¥9.92b (down 4.3% from 2Q 2025). Net income: JP¥1.03b (up 131% from 2Q 2025). Profit margin: 10% (up from 4.3% in 2Q 2025). 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 17% per year. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥37.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 03 December 2025. Payout ratio is a comfortable 52% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (3.0%). Announcement • Sep 18
Ohashi Technica Inc. to Report Q2, 2026 Results on Nov 11, 2025 Ohashi Technica Inc. announced that they will report Q2, 2026 results on Nov 11, 2025 Reported Earnings • Aug 08
First quarter 2026 earnings released: EPS: JP¥38.36 (vs JP¥23.85 in 1Q 2025) First quarter 2026 results: EPS: JP¥38.36 (up from JP¥23.85 in 1Q 2025). Revenue: JP¥10.0b (flat on 1Q 2025). Net income: JP¥493.0m (up 57% from 1Q 2025). Profit margin: 4.9% (up from 3.2% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Jul 17
Now 20% undervalued Over the last 90 days, the stock has risen 14% to JP¥2,151. The fair value is estimated to be JP¥2,691, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.9% over the last 3 years. Earnings per share has declined by 3.0%. Announcement • Jul 15
Bain Capital Private Equity, LP completed the acquisition of 74.98% stake in Nissin Corporation (TSE:9066) from a group of shareholders for ¥89.5 billion. Bain Capital Private Equity, LP proposed to acquire 93.96% stake in Nissin Corporation (TSE:9066) from a group of shareholders for approximately ¥110 billion on May 12, 2025. A cash consideration of ¥112.19 billion valued at ¥8100 per share will be paid by Bain Capital Private Equity, LP. As part of consideration, ¥112.19 billion is paid towards common equity of Nissin Corporation. The deal is to be financed through equity invesmtent of ¥18.7 million and senior debt of ¥94.3 million.
The transaction is subject to minimum tender. The expected completion of the transaction is July 8, 2025. As of May 26, 2025, the Offeror received from the German Federal Cartel Office, a notice to the effect that the acquisition of the Target Shares does not meet the criteria for prohibition and is permitted, meaning that the acquisition of the Target Shares was approved as of the same date. On June 11, 2025, the Austrian Federal Competition Authority has approved the transaction. As of June 30, 2025, the offeror has decided to extend the Tender Offer Period to July 14, 2025, which is 10 business days after June 30, 2025.
Daiwa Securities Co., Ltd. acted as tender offer agent for Bain Capital Private Equity, LP.
Bain Capital Private Equity, LP completed the acquisition of 74.98% stake in Nissin Corporation (TSE:9066) from a group of shareholders for ¥89.5 billion on July 14, 2025. Declared Dividend • Jul 09
Final dividend of JP¥37.00 announced Shareholders will receive a dividend of JP¥37.00. Ex-date: 29th September 2025 Payment date: 3rd December 2025 Dividend yield will be 3.6%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by both earnings (51% earnings payout ratio) and cash flows (71% cash payout ratio). The dividend has increased by an average of 10% 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. The company's earnings per share (EPS) would need to decline by 43% to shift the payout ratio to a potentially unsustainable range, which is more than the 6.5% EPS decline seen over the last 5 years. Reported Earnings • Jun 30
Full year 2025 earnings released: EPS: JP¥116 (vs JP¥75.00 in FY 2024) Full year 2025 results: EPS: JP¥116 (up from JP¥75.00 in FY 2024). Revenue: JP¥40.0b (up 2.1% from FY 2024). Net income: JP¥1.52b (up 51% from FY 2024). Profit margin: 3.8% (up from 2.6% in FY 2024). 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 14% per year, which means it is well ahead of earnings. Announcement • Jun 25
Ohashi Technica Inc. to Report Q1, 2026 Results on Aug 07, 2025 Ohashi Technica Inc. announced that they will report Q1, 2026 results on Aug 07, 2025 Reported Earnings • May 17
Full year 2025 earnings released: EPS: JP¥116 (vs JP¥75.00 in FY 2024) Full year 2025 results: EPS: JP¥116 (up from JP¥75.00 in FY 2024). Revenue: JP¥40.0b (up 2.1% from FY 2024). Net income: JP¥1.52b (up 51% from FY 2024). Profit margin: 3.8% (up from 2.6% in FY 2024). 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 16% per year, which means it is well ahead of earnings. Announcement • May 13
Ohashi Technica Inc., Annual General Meeting, Jun 25, 2025 Ohashi Technica Inc., Annual General Meeting, Jun 25, 2025. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥34.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 26 June 2025. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (3.3%). Announcement • Mar 14
Ohashi Technica Inc. to Report Fiscal Year 2025 Results on May 13, 2025 Ohashi Technica Inc. announced that they will report fiscal year 2025 results at 3:00 PM, Tokyo Standard Time on May 13, 2025 Reported Earnings • Feb 08
Third quarter 2025 earnings released: EPS: JP¥36.20 (vs JP¥29.78 in 3Q 2024) Third quarter 2025 results: EPS: JP¥36.20 (up from JP¥29.78 in 3Q 2024). Revenue: JP¥9.89b (down 3.5% from 3Q 2024). Net income: JP¥476.0m (up 19% from 3Q 2024). Profit margin: 4.8% (up from 3.9% in 3Q 2024). The increase in margin was driven by lower expenses. 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 13% per year, which means it is well ahead of earnings. New Risk • Dec 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.2% 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: Major Risk Earnings have declined by 17% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (5.2% average weekly change). Announcement • Dec 12
Ohashi Technica Inc. to Report Q3, 2025 Results on Feb 07, 2025 Ohashi Technica Inc. announced that they will report Q3, 2025 results on Feb 07, 2025 Declared Dividend • Dec 04
First half dividend of JP¥34.00 announced Shareholders will receive a dividend of JP¥34.00. Ex-date: 28th March 2025 Payment date: 26th June 2025 Dividend yield will be 3.6%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by both earnings (25% earnings payout ratio) and cash flows (59% cash payout ratio). The dividend has increased by an average of 11% 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. The company's earnings per share (EPS) would need to decline by 72% to shift the payout ratio to a potentially unsustainable range, which is more than the 8.1% EPS decline seen over the last 5 years. Reported Earnings • Nov 16
Second quarter 2025 earnings released: EPS: JP¥33.66 (vs JP¥15.45 in 2Q 2024) Second quarter 2025 results: EPS: JP¥33.66 (up from JP¥15.45 in 2Q 2024). Revenue: JP¥10.4b (up 9.4% from 2Q 2024). Net income: JP¥443.5m (up 113% from 2Q 2024). Profit margin: 4.3% (up from 2.2% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Announcement • Nov 12
Ohashi Technica Inc. (TSE:7628) announces an Equity Buyback for 400,000 shares, representing 3.03% for ¥750 million. Ohashi Technica Inc. (TSE:7628) announces a share repurchase program. Under the program, the company will repurchase up to 400,000 shares, representing 3.03% of the outstanding shares (excluding the treasury shares) for ¥750 million. The purpose of the program is to improve shareholder returns and the capital efficiency. The repurchase program is valid till June 23, 2025. As of September 30, 2024, the company had 13,190,739 issued shares (excluding treasury stock) and 288,221 shares in treasury. Announcement • Sep 21
Ohashi Technica Inc. to Report Q2, 2025 Results on Nov 12, 2024 Ohashi Technica Inc. announced that they will report Q2, 2025 results on Nov 12, 2024 Upcoming Dividend • Sep 20
Upcoming dividend of JP¥34.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 04 December 2024. Payout ratio is a comfortable 60% and this is well supported by cash flows. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.8%). In line with average of industry peers (3.5%). Reported Earnings • Aug 10
First quarter 2025 earnings released: EPS: JP¥23.81 (vs JP¥1.71 loss in 1Q 2024) First quarter 2025 results: EPS: JP¥23.81 (up from JP¥1.71 loss in 1Q 2024). Revenue: JP¥9.97b (up 7.4% from 1Q 2024). Net income: JP¥314.0m (up JP¥337.0m from 1Q 2024). Profit margin: 3.2% (up from net loss in 1Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥1,608, the stock trades at a trailing P/E ratio of 21.1x. Average trailing P/E is 8x in the Auto Components industry in Japan. Total returns to shareholders of 22% over the past three years. Declared Dividend • Jul 11
Final dividend of JP¥34.00 announced Shareholders will receive a dividend of JP¥34.00. Ex-date: 27th September 2024 Payment date: 4th December 2024 Dividend yield will be 3.5%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is not covered by earnings (143% earnings payout ratio). However, it is covered by cash flows (59% cash payout ratio). The dividend has increased by an average of 11% 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. The company's earnings per share (EPS) would need to grow by 58% to bring the payout ratio under control. However, EPS has declined by 17% over the last 5 years so the company would need to reverse this trend. Announcement • Jun 26
Ohashi Technica Inc. to Report Q1, 2025 Results on Aug 08, 2024 Ohashi Technica Inc. announced that they will report Q1, 2025 results on Aug 08, 2024 Reported Earnings • May 20
Full year 2024 earnings released: EPS: JP¥75.00 (vs JP¥94.99 in FY 2023) Full year 2024 results: EPS: JP¥75.00 (down from JP¥94.99 in FY 2023). Revenue: JP¥39.2b (up 12% from FY 2023). Net income: JP¥1.01b (down 22% from FY 2023). Profit margin: 2.6% (down from 3.7% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Announcement • May 16
Ohashi Technica Inc., Annual General Meeting, Jun 25, 2024 Ohashi Technica Inc., Annual General Meeting, Jun 25, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 26 June 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 3.5%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (2.6%). Announcement • Mar 13
Ohashi Technica Inc. to Report Fiscal Year 2024 Results on May 14, 2024 Ohashi Technica Inc. announced that they will report fiscal year 2024 results on May 14, 2024 Reported Earnings • Feb 10
Third quarter 2024 earnings released: EPS: JP¥29.78 (vs JP¥38.40 in 3Q 2023) Third quarter 2024 results: EPS: JP¥29.78 (down from JP¥38.40 in 3Q 2023). Revenue: JP¥10.2b (up 12% from 3Q 2023). Net income: JP¥400.0m (down 23% from 3Q 2023). Profit margin: 3.9% (down from 5.7% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Announcement • Dec 10
Ohashi Technica Inc. to Report Q3, 2024 Results on Feb 08, 2024 Ohashi Technica Inc. announced that they will report Q3, 2024 results on Feb 08, 2024 Reported Earnings • Nov 09
Second quarter 2024 earnings released: EPS: JP¥15.45 (vs JP¥25.40 in 2Q 2023) Second quarter 2024 results: EPS: JP¥15.45 (down from JP¥25.40 in 2Q 2023). Revenue: JP¥9.48b (up 14% from 2Q 2023). Net income: JP¥208.0m (down 39% from 2Q 2023). Profit margin: 2.2% (down from 4.1% in 2Q 2023). 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 8% per year, which means it is well ahead of earnings. Announcement • Nov 09
Ohashi Technica Inc. (TSE:7628) announces an Equity Buyback for 300,000 shares, representing 2.23% for ¥500 million. Ohashi Technica Inc. (TSE:7628) announces a share repurchase program. Under the program, the company will repurchase up to 300,000 shares, representing 2.23% of the outstanding shares (excluding the treasury shares) for ¥500 million. The purpose of the program is to improve shareholder returns and the capital efficiency. The repurchase program is valid till May 31, 2024. As of September 30, 2023, the company had 13,478,879 issued shares (excluding treasury stock) and 200,081 shares in treasury. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥30.00 per share at 3.5% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 05 December 2023. Payout ratio is on the higher end at 95% but the company is not cash flow positive. Trailing yield: 3.5%. Within top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (2.5%). Announcement • Sep 09
Ohashi Technica Inc. to Report Q2, 2024 Results on Nov 08, 2023 Ohashi Technica Inc. announced that they will report Q2, 2024 results on Nov 08, 2023 New Risk • Aug 10
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 95% The company is paying a dividend despite having no free cash flows. Dividend yield: 3.8% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 95% Paying a dividend despite having no free cash flows. Earnings have declined by 19% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.2% net profit margin). Reported Earnings • Aug 09
First quarter 2024 earnings released: JP¥1.71 loss per share (vs JP¥33.16 profit in 1Q 2023) First quarter 2024 results: JP¥1.71 loss per share (down from JP¥33.16 profit in 1Q 2023). Revenue: JP¥9.28b (up 12% from 1Q 2023). Net loss: JP¥23.0m (down 105% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Announcement • Jun 21
Ohashi Technica Inc. to Report Q1, 2024 Results on Aug 08, 2023 Ohashi Technica Inc. announced that they will report Q1, 2024 results on Aug 08, 2023 Reported Earnings • May 15
Full year 2023 earnings released: EPS: JP¥94.99 (vs JP¥127 in FY 2022) Full year 2023 results: EPS: JP¥94.99 (down from JP¥127 in FY 2022). Revenue: JP¥35.0b (up 7.5% from FY 2022). Net income: JP¥1.28b (down 28% from FY 2022). Profit margin: 3.7% (down from 5.5% in FY 2022). The decrease in margin was driven by higher expenses. 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 2% per year, which means it is well ahead of earnings. Announcement • May 11
Ohashi Technica Inc., Annual General Meeting, Jun 23, 2023 Ohashi Technica Inc., Annual General Meeting, Jun 23, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥29.00 per share at 3.7% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 27 June 2023. Payout ratio is a comfortable 44% but the company is not cash flow positive. Trailing yield: 3.7%. 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: EPS: JP¥38.39 (vs JP¥29.60 in 3Q 2022) Third quarter 2023 results: EPS: JP¥38.39 (up from JP¥29.60 in 3Q 2022). Revenue: JP¥9.13b (up 16% from 3Q 2022). Net income: JP¥516.9m (up 24% from 3Q 2022). Profit margin: 5.7% (up from 5.3% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Announcement • Dec 10
Ohashi Technica Inc. to Report Q3, 2023 Results on Feb 09, 2023 Ohashi Technica Inc. announced that they will report Q3, 2023 results on Feb 09, 2023 Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Outside Director Tomoko Okiyama was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 12
Second quarter 2023 earnings released: EPS: JP¥25.40 (vs JP¥29.02 in 2Q 2022) Second quarter 2023 results: EPS: JP¥25.40 (down from JP¥29.02 in 2Q 2022). Revenue: JP¥8.31b (up 2.1% from 2Q 2022). Net income: JP¥342.0m (down 17% from 2Q 2022). Profit margin: 4.1% (down from 5.1% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥28.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 06 December 2022. Payout ratio is a comfortable 44% but the company is not cash flow positive. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (3.1%). Announcement • Sep 15
Ohashi Technica Inc. to Report Q2, 2023 Results on Nov 10, 2022 Ohashi Technica Inc. announced that they will report Q2, 2023 results on Nov 10, 2022 Reported Earnings • Aug 11
First quarter 2023 earnings released: EPS: JP¥33.16 (vs JP¥42.62 in 1Q 2022) First quarter 2023 results: EPS: JP¥33.16 (down from JP¥42.62 in 1Q 2022). Revenue: JP¥8.28b (down 4.4% from 1Q 2022). Net income: JP¥452.0m (down 25% from 1Q 2022). Profit margin: 5.5% (down from 7.0% in 1Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • Jun 17
Ohashi Technica Inc. to Report Q1, 2023 Results on Aug 09, 2022 Ohashi Technica Inc. announced that they will report Q1, 2023 results on Aug 09, 2022 Reported Earnings • May 15
Full year 2022 earnings released: EPS: JP¥127 (vs JP¥106 in FY 2021) Full year 2022 results: EPS: JP¥127 (up from JP¥106 in FY 2021). Revenue: JP¥32.5b (up 9.3% from FY 2021). Net income: JP¥1.79b (up 16% from FY 2021). Profit margin: 5.5% (up from 5.2% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Announcement • May 12
Ohashi Technica Inc., Annual General Meeting, Jun 24, 2022 Ohashi Technica Inc., Annual General Meeting, Jun 24, 2022. Board Change • Apr 27
No independent directors 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. 5 experienced directors. 1 highly experienced director. No independent directors (7 non-independent directors). Director Tomoko Okiyama 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. Insufficient board refreshment. Announcement • Apr 08
Ohashi Technica Inc. to Report Fiscal Year 2022 Results on May 12, 2022 Ohashi Technica Inc. announced that they will report fiscal year 2022 results on May 12, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥31.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 28 June 2022. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 3.9%. 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¥29.60 (down from JP¥40.69 in 3Q 2021). Revenue: JP¥7.86b (down 8.2% from 3Q 2021). Net income: JP¥418.0m (down 29% from 3Q 2021). Profit margin: 5.3% (down from 6.9% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Reported Earnings • Nov 11
Second quarter 2022 earnings released: EPS JP¥29.02 (vs JP¥2.47 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥8.14b (up 42% from 2Q 2021). Net income: JP¥411.0m (up JP¥375.0m from 2Q 2021). Profit margin: 5.1% (up from 0.6% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥26.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 08 December 2021. Trailing yield: 3.3%. Within top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (2.5%). Reported Earnings • Aug 06
First quarter 2022 earnings released: EPS JP¥42.62 (vs JP¥18.75 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥8.65b (up 32% from 1Q 2021). Net income: JP¥604.0m (up 119% from 1Q 2021). Profit margin: 7.0% (up from 4.2% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Reported Earnings • May 15
Full year 2021 earnings released: EPS JP¥106 (vs JP¥167 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥29.8b (down 17% from FY 2020). Net income: JP¥1.54b (down 37% from FY 2020). Profit margin: 5.2% (down from 6.9% 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 27% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥32.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 26 June 2021. Trailing yield: 3.1%. Within top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.9%). Announcement • Mar 06
Ohashi Technica Inc. to Report Fiscal Year 2021 Results on May 13, 2021 Ohashi Technica Inc. announced that they will report fiscal year 2021 results on May 13, 2021 Is New 90 Day High Low • Feb 15
New 90-day high: JP¥1,530 The company is up 8.0% from its price of JP¥1,422 on 17 November 2020. The Japanese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 23% over the same period. Is New 90 Day High Low • Jan 28
New 90-day low: JP¥1,342 The company is down 4.0% from its price of JP¥1,394 on 30 October 2020. The Japanese market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 16% over the same period.