Declared Dividend • Apr 27
Dividend of JP¥60.00 announced Shareholders will receive a dividend of JP¥60.00. Ex-date: 29th September 2026 Payment date: 25th December 2026 Dividend yield will be 3.6%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (49% earnings payout ratio) and cash flows (36% 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 43% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 25
Second quarter 2026 earnings released: EPS: JP¥32.48 (vs JP¥23.52 in 2Q 2025) Second quarter 2026 results: EPS: JP¥32.48 (up from JP¥23.52 in 2Q 2025). Revenue: JP¥7.49b (up 11% from 2Q 2025). Net income: JP¥1.67b (up 35% from 2Q 2025). Profit margin: 22% (up from 18% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.7% 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 fallen by 4% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings. Announcement • Apr 21
Shoei Co., Ltd. to Report Q2, 2026 Results on Apr 24, 2026 Shoei Co., Ltd. announced that they will report Q2, 2026 results on Apr 24, 2026 Buy Or Sell Opportunity • Feb 20
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 6.8% to JP¥1,704. The fair value is estimated to be JP¥2,179, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 7.8% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Buy Or Sell Opportunity • Feb 03
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.7% to JP¥1,637. The fair value is estimated to be JP¥2,065, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 7.7% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Reported Earnings • Jan 31
First quarter 2026 earnings released: EPS: JP¥28.09 (vs JP¥34.33 in 1Q 2025) First quarter 2026 results: EPS: JP¥28.09 (down from JP¥34.33 in 1Q 2025). Revenue: JP¥7.51b (down 4.1% from 1Q 2025). Net income: JP¥1.47b (down 18% from 1Q 2025). Profit margin: 20% (down from 23% in 1Q 2025). Revenue is forecast to grow 7.7% 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 2% per year but the company’s share price has fallen by 11% per year, which means it is performing significantly worse than earnings. Announcement • Dec 27
Shoei Co., Ltd. to Report Q1, 2026 Results on Jan 30, 2026 Shoei Co., Ltd. announced that they will report Q1, 2026 results on Jan 30, 2026 Reported Earnings • Dec 25
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: JP¥120 (down from JP¥140 in FY 2024). Revenue: JP¥32.4b (down 9.6% from FY 2024). Net income: JP¥6.32b (down 14% from FY 2024). Profit margin: 20% (down from 21% in FY 2024). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.9%. Revenue is forecast to grow 7.3% 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 2% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Announcement • Nov 28
Shoei Co., Ltd. Proposes Dividend for the Year End, Payable on December 25, 2025 SHOEI CO., LTD. hereby announces that at a meeting of the Board of Directors held on November 28, 2025, it passed a resolution regarding the distribution of dividends of JPY 60.00 per share from surplus with a record date of September 30, 2025, against previous dividend of JPY 70.00 per share. Details are as follows. The subject matter will be submitted to the 69th Annual General Meeting of Shareholders to be held on December 24, 2025. Total dividends is JPY 3,154,642,000, Effective date is December 25, 2025. Reason for the dividend amount; For the year-end dividend with a consolidated dividend payout ratio of 50% in accordance with its basic policy on profit distribution, the Company has decided to pay a year-end dividend of JPY 60 per share, as announced on November 14, 2025. Reported Earnings • Nov 18
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: JP¥120 (down from JP¥140 in FY 2024). Revenue: JP¥32.4b (down 9.6% from FY 2024). Net income: JP¥6.32b (down 14% from FY 2024). Profit margin: 20% (down from 21% in FY 2024). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.9%. Revenue is forecast to grow 9.8% 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 2% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Announcement • Sep 27
Shoei Co., Ltd. to Report Fiscal Year 2025 Results on Nov 14, 2025 Shoei Co., Ltd. announced that they will report fiscal year 2025 results on Nov 14, 2025 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥59.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 26 December 2025. Payout ratio is a comfortable 58% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (3.0%). Reported Earnings • Jul 31
Third quarter 2025 earnings released: EPS: JP¥30.19 (vs JP¥35.89 in 3Q 2024) Third quarter 2025 results: EPS: JP¥30.19 (down from JP¥35.89 in 3Q 2024). Revenue: JP¥8.37b (down 7.4% from 3Q 2024). Net income: JP¥1.59b (down 16% from 3Q 2024). Profit margin: 19% (down from 21% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 8.5% 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 6% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Announcement • Jun 03
Shoei Co., Ltd. to Report Q3, 2025 Results on Jul 30, 2025 Shoei Co., Ltd. announced that they will report Q3, 2025 results on Jul 30, 2025 Buy Or Sell Opportunity • May 26
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 17% to JP¥1,564. The fair value is estimated to be JP¥1,960, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.3% over the last 3 years. Earnings per share has grown by 9.8%. For the next 3 years, revenue is forecast to grow by 7.7% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Price Target Changed • May 13
Price target decreased by 14% to JP¥2,317 Down from JP¥2,693, the current price target is an average from 3 analysts. New target price is 40% above last closing price of JP¥1,657. Stock is down 20% over the past year. The company is forecast to post earnings per share of JP¥123 for next year compared to JP¥140 last year. Reported Earnings • Apr 26
Second quarter 2025 earnings released: EPS: JP¥23.52 (vs JP¥34.72 in 2Q 2024) Second quarter 2025 results: EPS: JP¥23.52 (down from JP¥34.72 in 2Q 2024). Revenue: JP¥6.72b (down 19% from 2Q 2024). Net income: JP¥1.24b (down 32% from 2Q 2024). Profit margin: 18% (down from 22% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 9.1% p.a. on average during the next 3 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 10% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Announcement • Mar 01
Shoei Co., Ltd. to Report Q2, 2025 Results on Apr 25, 2025 Shoei Co., Ltd. announced that they will report Q2, 2025 results on Apr 25, 2025 Reported Earnings • Feb 01
First quarter 2025 earnings released: EPS: JP¥34.33 (vs JP¥35.87 in 1Q 2024) First quarter 2025 results: EPS: JP¥34.33 (down from JP¥35.87 in 1Q 2024). Revenue: JP¥7.84b (down 3.8% from 1Q 2024). Net income: JP¥1.80b (down 5.7% from 1Q 2024). Profit margin: 23% (in line with 1Q 2024). Revenue is forecast to grow 7.9% 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 13% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Dec 31
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: JP¥140 (up from JP¥132 in FY 2023). Revenue: JP¥35.8b (up 6.5% from FY 2023). Net income: JP¥7.38b (up 4.4% from FY 2023). Profit margin: 21% (in line with FY 2023). Revenue exceeded analyst estimates by 3.6%. Earnings per share (EPS) also surpassed analyst estimates by 5.7%. Revenue is forecast to grow 7.2% 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 16% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Dec 03
Shoei Co., Ltd. to Report Q1, 2025 Results on Jan 31, 2025 Shoei Co., Ltd. announced that they will report Q1, 2025 results on Jan 31, 2025 Valuation Update With 7 Day Price Move • Nov 22
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to JP¥2,413, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 8x in the Auto Components industry in Japan. Total returns to shareholders of 5.3% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥4,695 per share. New Risk • Nov 20
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 5.6% 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 Dividend is not well covered by cash flows (120% cash payout ratio). Share price has been volatile over the past 3 months (5.6% average weekly change). Price Target Changed • Nov 20
Price target increased by 14% to JP¥2,693 Up from JP¥2,360, the current price target is an average from 3 analysts. New target price is 14% above last closing price of JP¥2,360. Stock is up 20% over the past year. The company is forecast to post earnings per share of JP¥132 for next year compared to JP¥132 last year. Announcement • Nov 15
Shoei Co., Ltd., Annual General Meeting, Dec 25, 2024 Shoei Co., Ltd., Annual General Meeting, Dec 25, 2024. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥63.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 26 December 2024. Payout ratio is a comfortable 50% but the company is paying out more than the cash it is generating. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (3.5%). Announcement • Sep 04
Shoei Co., Ltd. to Report Fiscal Year 2024 Results on Nov 15, 2024 Shoei Co., Ltd. announced that they will report fiscal year 2024 results on Nov 15, 2024 Reported Earnings • Aug 02
Third quarter 2024 earnings released: EPS: JP¥35.89 (vs JP¥41.59 in 3Q 2023) Third quarter 2024 results: EPS: JP¥35.89 (down from JP¥41.59 in 3Q 2023). Revenue: JP¥9.04b (down 3.6% from 3Q 2023). Net income: JP¥1.89b (down 16% from 3Q 2023). Profit margin: 21% (down from 24% in 3Q 2023). Revenue is forecast to grow 6.2% 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 18% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Jun 02
Shoei Co., Ltd. to Report Q3, 2024 Results on Jul 31, 2024 Shoei Co., Ltd. announced that they will report Q3, 2024 results on Jul 31, 2024 Reported Earnings • May 01
Second quarter 2024 earnings released: EPS: JP¥34.72 (vs JP¥32.49 in 2Q 2023) Second quarter 2024 results: EPS: JP¥34.72 (up from JP¥32.49 in 2Q 2023). Revenue: JP¥8.31b (up 17% from 2Q 2023). Net income: JP¥1.83b (up 4.6% from 2Q 2023). Profit margin: 22% (down from 25% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.9% 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 22% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Feb 28
Shoei Co., Ltd. to Report Q2, 2024 Results on Apr 26, 2024 Shoei Co., Ltd. announced that they will report Q2, 2024 results on Apr 26, 2024 Reported Earnings • Feb 02
First quarter 2024 earnings released: EPS: JP¥35.87 (vs JP¥31.91 in 1Q 2023) First quarter 2024 results: EPS: JP¥35.87 (up from JP¥31.91 in 1Q 2023). Revenue: JP¥8.15b (flat on 1Q 2023). Net income: JP¥1.91b (up 12% from 1Q 2023). Profit margin: 24% (up from 21% in 1Q 2023). Revenue is forecast to grow 6.3% 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 24% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Price Target Changed • Dec 21
Price target decreased by 13% to JP¥2,633 Down from JP¥3,017, the current price target is an average from 3 analysts. New target price is 42% above last closing price of JP¥1,858. Stock is down 28% over the past year. The company is forecast to post earnings per share of JP¥136 for next year compared to JP¥132 last year. Announcement • Dec 08
Shoei Co., Ltd. to Report Q1, 2024 Results on Jan 30, 2024 Shoei Co., Ltd. announced that they will report Q1, 2024 results on Jan 30, 2024 Announcement • Nov 17
Shoei Co., Ltd., Annual General Meeting, Dec 22, 2023 Shoei Co., Ltd., Annual General Meeting, Dec 22, 2023. Reported Earnings • Nov 17
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: JP¥132 (up from JP¥112 in FY 2022). Revenue: JP¥33.6b (up 16% from FY 2022). Net income: JP¥7.07b (up 17% from FY 2022). Profit margin: 21% (in line with FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 9.3%. Revenue is forecast to grow 5.3% 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 26% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • Nov 17
Shoei Co., Ltd. (TSE:7839) announces an Equity Buyback for 1,200,000 shares, representing 2.24% for ¥2,000 million. Shoei Co., Ltd. (TSE:7839) announces a share repurchase program. Under the program, the company will repurchase up to 1,200,000 common stock, representing 2.24% of its issued share capital, for ¥2,000 million. The purpose of the program is improve profitability, enhance shareholder returns, and implement capital policies flexibly in response to changes in the business environment. The program is valid till March 31, 2024. As of October 31, 2023, the company had 53,553,208 shares issued (excluding treasury stock) and 160,508 shares in treasury. Buying Opportunity • Nov 15
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 17%. The fair value is estimated to be JP¥2,507, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 27%. For the next 3 years, revenue is forecast to grow by 5.4% per annum. Earnings is also forecast to grow by 3.2% per annum over the same time period. Buying Opportunity • Oct 30
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 27%. The fair value is estimated to be JP¥2,530, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 27%. For the next 3 years, revenue is forecast to grow by 5.4% per annum. Earnings is also forecast to grow by 3.2% per annum over the same time period. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥76.00 per share at 2.4% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 26 December 2023. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.3%). In line with average of industry peers (2.5%). Announcement • Sep 02
Shoei Co., Ltd. to Report Fiscal Year 2023 Results on Nov 15, 2023 Shoei Co., Ltd. announced that they will report fiscal year 2023 results on Nov 15, 2023 Major Estimate Revision • Aug 04
Consensus EPS estimates increase by 23% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from JP¥124 to JP¥153. Revenue forecast unchanged at JP¥34.0b. Net income forecast to grow 0.3% next year vs 19% growth forecast for Auto Components industry in Japan. Consensus price target up from JP¥2,883 to JP¥3,017. Share price fell 3.0% to JP¥2,501 over the past week. Reported Earnings • Jul 29
Third quarter 2023 earnings released: EPS: JP¥41.59 (vs JP¥30.85 in 3Q 2022) Third quarter 2023 results: EPS: JP¥41.59 (up from JP¥30.85 in 3Q 2022). Revenue: JP¥9.38b (up 22% from 3Q 2022). Net income: JP¥2.23b (up 35% from 3Q 2022). Profit margin: 24% (up from 22% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 27% per year whereas the company’s share price has increased by 23% per year. Announcement • Jul 29
Shoei Co., Ltd. (TSE:7839) announces an Equity Buyback for 140,000 shares, representing 0.26% for ¥400 million. Shoei Co., Ltd. (TSE:7839) announces a share repurchase program. Under the program, the company will repurchase up to 140,000 common stock, representing 0.26% of its issued share capital for ¥400 million. The purpose of the program is improvement of the company's corporate value and further share value with shareholders. The repurchased shares will be used to deliver in connection with a new stock compensation system. The program is valid till August 31, 2023. As of June 30, 2023, the company had 53,684,608 shares issued (excluding treasury stock) and 29,108 shares in treasury. Announcement • May 28
Shoei Co., Ltd. to Report Q3, 2023 Results on Jul 28, 2023 Shoei Co., Ltd. announced that they will report Q3, 2023 results on Jul 28, 2023 Reported Earnings • Apr 28
Second quarter 2023 earnings released: EPS: JP¥159,765 (vs JP¥21.47 in 2Q 2022) Second quarter 2023 results: EPS: JP¥159,765 (up from JP¥21.47 in 2Q 2022). Revenue: JP¥7.10b (up 17% from 2Q 2022). Net income: JP¥1.74b (up 51% from 2Q 2022). Profit margin: 25% (up from 19% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 32% per year whereas the company’s share price has increased by 37% per year. Reported Earnings • Jan 28
First quarter 2023 earnings released: EPS: JP¥63.81 (vs JP¥58.25 in 1Q 2022) First quarter 2023 results: EPS: JP¥63.81 (up from JP¥58.25 in 1Q 2022). Revenue: JP¥8.12b (up 10% from 1Q 2022). Net income: JP¥1.71b (up 9.6% from 1Q 2022). Profit margin: 21% (in line with 1Q 2022). Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 26% per year whereas the company’s share price has increased by 27% per year. Reported Earnings • Dec 28
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: JP¥224 (up from JP¥164 in FY 2021). Revenue: JP¥29.0b (up 22% from FY 2021). Net income: JP¥6.02b (up 37% from FY 2021). Profit margin: 21% (up from 19% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.2%. Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 25% per year whereas the company’s share price has increased by 26% per year. Announcement • Nov 30
Shoei Co., Ltd. to Report Q1, 2023 Results on Jan 27, 2023 Shoei Co., Ltd. announced that they will report Q1, 2023 results on Jan 27, 2023 Reported Earnings • Nov 18
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: JP¥224 (up from JP¥164 in FY 2021). Revenue: JP¥29.0b (up 22% from FY 2021). Net income: JP¥6.02b (up 37% from FY 2021). Profit margin: 21% (up from 19% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.2%. Revenue is forecast to grow 10% 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 25% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 17
Shoei Co., Ltd., Annual General Meeting, Dec 23, 2022 Shoei Co., Ltd., Annual General Meeting, Dec 23, 2022. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 4 highly experienced directors. No independent directors (7 non-independent directors). External Director Keiichiro Kobayashi was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Announcement • Oct 01
Shoei Co., Ltd., Annual General Meeting, Oct 24, 2022 Shoei Co., Ltd., Annual General Meeting, Oct 24, 2022. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥105 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 24 December 2022. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (3.1%). Announcement • Sep 01
Shoei Co., Ltd. to Report Q4, 2022 Results on Nov 15, 2022 Shoei Co., Ltd. announced that they will report Q4, 2022 results on Nov 15, 2022 Price Target Changed • Aug 02
Price target increased to JP¥6,100 Up from JP¥5,667, the current price target is an average from 4 analysts. New target price is 6.5% above last closing price of JP¥5,730. Stock is up 23% over the past year. The company is forecast to post earnings per share of JP¥213 for next year compared to JP¥164 last year. Reported Earnings • Jul 30
Third quarter 2022 earnings released: EPS: JP¥61.69 (vs JP¥55.81 in 3Q 2021) Third quarter 2022 results: EPS: JP¥61.69 (up from JP¥55.81 in 3Q 2021). Revenue: JP¥7.69b (up 14% from 3Q 2021). Net income: JP¥1.66b (up 10% from 3Q 2021). Profit margin: 22% (in line with 3Q 2021). Over the next year, revenue is forecast to grow 9.2%, compared to a 13% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jun 03
Shoei Co., Ltd. to Report Q3, 2022 Results on Jul 27, 2022 Shoei Co., Ltd. announced that they will report Q3, 2022 results on Jul 27, 2022 Reported Earnings • Apr 30
Second quarter 2022 earnings: EPS and revenues exceed analyst expectations Second quarter 2022 results: EPS: JP¥42.95 (up from JP¥34.56 in 2Q 2021). Revenue: JP¥6.09b (up 22% from 2Q 2021). Net income: JP¥1.15b (up 24% from 2Q 2021). Profit margin: 19% (in line with 2Q 2021). Revenue exceeded analyst estimates by 7.1%. Earnings per share (EPS) also surpassed analyst estimates by 3.1%. Over the next year, revenue is forecast to grow 8.0%, compared to a 10% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 26% per year. Price Target Changed • Apr 27
Price target increased to JP¥5,833 Up from JP¥5,267, the current price target is an average from 4 analysts. New target price is 22% above last closing price of JP¥4,780. Stock is up 12% over the past year. The company is forecast to post earnings per share of JP¥188 for next year compared to JP¥164 last year. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 4 highly experienced directors. No independent directors (7 non-independent directors). External Director Keiichiro Kobayashi was the last director to join the board, commencing their role in 2014. 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
Shoei Co., Ltd. to Report Q2, 2022 Results on Apr 27, 2022 Shoei Co., Ltd. announced that they will report Q2, 2022 results on Apr 27, 2022 Reported Earnings • Jan 28
First quarter 2022 earnings: EPS and revenues exceed analyst expectations First quarter 2022 results: EPS: JP¥58.25 (up from JP¥37.29 in 1Q 2021). Revenue: JP¥7.35b (up 27% from 1Q 2021). Net income: JP¥1.56b (up 56% from 1Q 2021). Profit margin: 21% (up from 17% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 14%. Earnings per share (EPS) also surpassed analyst estimates by 3.1%. Over the next year, revenue is forecast to grow 8.4%, compared to a 6.7% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Dec 14
Price target increased to JP¥5,833 Up from JP¥5,267, the current price target is an average from 4 analysts. New target price is 19% above last closing price of JP¥4,915. Stock is up 36% over the past year. The company is forecast to post earnings per share of JP¥188 for next year compared to JP¥164 last year. Reported Earnings • Nov 15
Full year 2021 earnings released: EPS JP¥164 (vs JP¥124 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥23.8b (up 22% from FY 2020). Net income: JP¥4.41b (up 32% from FY 2020). Profit margin: 19% (up from 17% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥66.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 25 December 2021. Trailing yield: 1.3%. Lower than top quartile of Japanese dividend payers (3.0%). Lower than average of industry peers (2.5%). Announcement • Aug 06
Shoei Co., Ltd. (TSE:7839) announces an Equity Buyback for 80,000 shares, representing 0.3% for ¥400 million. Shoei Co., Ltd. (TSE:7839) announces a share repurchase program. Under the program, the company will repurchase up to 80,000 common stock, representing 0.3% of its issued share capital for ¥400 million. The purpose of the program is improvement of the company's corporate value and further share value with shareholders. The repurchased shares will be used to deliver in connection with a new stock compensation system. The program is valid till September 30, 2021. As of June 30, 2021, the company had 26,856,666 shares issued (excluding treasury stock) and 192 shares in treasury. Price Target Changed • Aug 03
Price target increased to JP¥5,267 Up from JP¥4,867, the current price target is an average from 4 analysts. New target price is 12% above last closing price of JP¥4,715. Stock is up 65% over the past year. Reported Earnings • Jul 29
Third quarter 2021 earnings released: EPS JP¥55.81 (vs JP¥39.19 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥6.78b (up 28% from 3Q 2020). Net income: JP¥1.50b (up 43% from 3Q 2020). Profit margin: 22% (up from 20% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • May 20
Price target increased to JP¥4,867 Up from JP¥4,433, the current price target is an average from 4 analysts. New target price is 23% above last closing price of JP¥3,965. Stock is up 73% over the past year. Reported Earnings • Apr 30
Second quarter 2021 earnings released: EPS JP¥34.56 (vs JP¥24.36 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥4.98b (up 19% from 2Q 2020). Net income: JP¥928.0m (up 42% from 2Q 2020). Profit margin: 19% (up from 16% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 10
Shoei Co., Ltd. to Report Q2, 2021 Results on Apr 28, 2021 Shoei Co., Ltd. announced that they will report Q2, 2021 results on Apr 28, 2021 Reported Earnings • Feb 17
First quarter 2021 earnings released The company reported a solid first quarter result with improved earnings and revenues, although profit margins were flat. First quarter 2021 results: Revenue: JP¥5.77b (up 29% from 1Q 2020). Net income: JP¥1.00b (up 32% from 1Q 2020). Profit margin: 17% (in line with 1Q 2020). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Feb 17
New 90-day high: JP¥4,385 The company is up 27% from its price of JP¥3,440 on 18 November 2020. The Japanese market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 25% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥3,190 per share. Analyst Estimate Surprise Post Earnings • Feb 17
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 3.5%. Earnings per share (EPS) also surpassed analyst estimates by 5.5%. Over the next year, revenue is forecast to grow 15%, compared to a 8.8% growth forecast for the Auto Components industry in Japan. Reported Earnings • Jan 28
First quarter 2021 earnings released: EPS JP¥37.29 (vs JP¥27.49 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were flat. First quarter 2021 results: Revenue: JP¥5.77b (up 29% from 1Q 2020). Net income: JP¥1.00b (up 32% from 1Q 2020). Profit margin: 17% (in line with 1Q 2020). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Analyst Estimate Surprise Post Earnings • Jan 28
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 3.5%. Earnings per share (EPS) also surpassed analyst estimates by 5.5%. Over the next year, revenue is forecast to grow 14%, compared to a 7.8% growth forecast for the Auto Components industry in Japan. Is New 90 Day High Low • Jan 18
New 90-day high: JP¥4,185 The company is up 32% from its price of JP¥3,170 on 20 October 2020. The Japanese market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥3,134 per share. Is New 90 Day High Low • Dec 23
New 90-day high: JP¥3,935 The company is up 13% from its price of JP¥3,485 on 24 September 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Auto Components industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥3,190 per share. Is New 90 Day High Low • Dec 02
New 90-day high: JP¥3,795 The company is up 16% from its price of JP¥3,270 on 03 September 2020. The Japanese market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥1,724 per share. Price Target Changed • Dec 01
Price target raised to JP¥3,465 Up from JP¥3,165, the current price target is an average from 2 analysts. The new target price is close to the current share price of JP¥3,645. As of last close, the stock is up 46% over the past year. Announcement • Nov 16
Shoei Co., Ltd., Annual General Meeting, Dec 24, 2020 Shoei Co., Ltd., Annual General Meeting, Dec 24, 2020. 
