Reported Earnings • Jul 28
Second quarter 2026 earnings released: EPS: JP¥81.00 (vs JP¥129 in 2Q 2025) Second quarter 2026 results: EPS: JP¥81.00 (down from JP¥129 in 2Q 2025). Revenue: JP¥7.26b (up 2.0% from 2Q 2025). Net income: JP¥87.0m (down 38% from 2Q 2025). Profit margin: 1.2% (down from 2.0% in 2Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Announcement • Jun 26
Mikikogyo Co., Ltd. to Report Q2, 2026 Results on Jul 27, 2026 Mikikogyo Co., Ltd. announced that they will report Q2, 2026 results on Jul 27, 2026 Upcoming Dividend • Jun 22
Upcoming dividend of JP¥150 per share Eligible shareholders must have bought the stock before 29 June 2026. Payment date: 31 August 2026. Payout ratio is a comfortable 20% but the company is not cash flow positive. Trailing yield: 4.3%. Within top quartile of Japanese dividend payers (3.9%). Higher than average of industry peers (2.8%). New Risk • Apr 28
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (JP¥8.04b market cap, or US$50.6m). Reported Earnings • Apr 28
First quarter 2026 earnings released: EPS: JP¥536 (vs JP¥490 in 1Q 2025) First quarter 2026 results: EPS: JP¥536 (up from JP¥490 in 1Q 2025). Revenue: JP¥12.6b (up 43% from 1Q 2025). Net income: JP¥581.0m (up 8.4% from 1Q 2025). Profit margin: 4.6% (down from 6.1% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Announcement • Apr 21
Mikikogyo Co., Ltd. to Report Q1, 2026 Results on Apr 27, 2026 Mikikogyo Co., Ltd. announced that they will report Q1, 2026 results on Apr 27, 2026 Reported Earnings • Feb 16
Full year 2025 earnings released: EPS: JP¥1,437 (vs JP¥602 in FY 2024) Full year 2025 results: EPS: JP¥1,437 (up from JP¥602 in FY 2024). Revenue: JP¥36.2b (up 33% from FY 2024). Net income: JP¥1.57b (up 139% from FY 2024). Profit margin: 4.3% (up from 2.4% in FY 2024). The increase in margin was driven by higher revenue. 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 28% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 13
Mikikogyo Co., Ltd., Annual General Meeting, Mar 26, 2026 Mikikogyo Co., Ltd., Annual General Meeting, Mar 26, 2026. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥150 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 26 March 2026. Payout ratio is a comfortable 20% but the company is not cash flow positive. Trailing yield: 3.5%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.5%). Announcement • Dec 03
Mikikogyo Co., Ltd. to Report Fiscal Year 2025 Results on Feb 13, 2026 Mikikogyo Co., Ltd. announced that they will report fiscal year 2025 results on Feb 13, 2026 Reported Earnings • Oct 28
Third quarter 2025 earnings released: EPS: JP¥536 (vs JP¥200 in 3Q 2024) Third quarter 2025 results: EPS: JP¥536 (up from JP¥200 in 3Q 2024). Revenue: JP¥11.4b (up 59% from 3Q 2024). Net income: JP¥586.0m (up 168% from 3Q 2024). Profit margin: 5.1% (up from 3.0% in 3Q 2024). The increase in margin was driven by higher revenue. 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 27% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Sep 03
Mikikogyo Co., Ltd. to Report Q3, 2025 Results on Oct 27, 2025 Mikikogyo Co., Ltd. announced that they will report Q3, 2025 results on Oct 27, 2025 Reported Earnings • Jul 30
Second quarter 2025 earnings released: EPS: JP¥129 (vs JP¥93.32 in 2Q 2024) Second quarter 2025 results: EPS: JP¥129 (up from JP¥93.32 in 2Q 2024). Revenue: JP¥7.12b (up 25% from 2Q 2024). Net income: JP¥141.0m (up 38% from 2Q 2024). Profit margin: 2.0% (up from 1.8% in 2Q 2024). The increase in margin was driven by higher revenue. 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 20% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Jul 17
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 0% Dividend yield: 3.1% 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 Risks Debt is not well covered by operating cash flow (6.3% operating cash flow to total debt). Shares are highly illiquid. Earnings have declined by 2.2% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (0% cash payout ratio). Market cap is less than US$100m (JP¥7.13b market cap, or US$48.0m). New Risk • Jul 10
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 5.7% 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 Risks Debt is not well covered by operating cash flow (6.3% operating cash flow to total debt). Earnings have declined by 2.2% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (5.7% average weekly change). Market cap is less than US$100m (JP¥7.10b market cap, or US$48.6m). Upcoming Dividend • Jun 20
Upcoming dividend of JP¥100.00 per share Eligible shareholders must have bought the stock before 27 June 2025. Payment date: 29 August 2025. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (4.0%). Lower than average of industry peers (3.4%). Valuation Update With 7 Day Price Move • Jun 09
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to JP¥6,680, the stock trades at a trailing P/E ratio of 7.8x. Average trailing P/E is 11x in the Construction industry in Japan. Total returns to shareholders of 88% over the past three years. Buy Or Sell Opportunity • Jun 04
Now 29% overvalued after recent price rise Over the last 90 days, the stock has risen 25% to JP¥6,070. The fair value is estimated to be JP¥4,714, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Announcement • May 31
Mikikogyo Co., Ltd. to Report Q2, 2025 Results on Jul 28, 2025 Mikikogyo Co., Ltd. announced that they will report Q2, 2025 results on Jul 28, 2025 Buy Or Sell Opportunity • May 20
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 17% to JP¥5,610. The fair value is estimated to be JP¥4,652, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Reported Earnings • Apr 29
First quarter 2025 earnings released: EPS: JP¥490 (vs JP¥236 in 1Q 2024) First quarter 2025 results: EPS: JP¥490 (up from JP¥236 in 1Q 2024). Revenue: JP¥8.81b (up 19% from 1Q 2024). Net income: JP¥536.0m (up 108% from 1Q 2024). Profit margin: 6.1% (up from 3.5% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Announcement • Mar 08
Mikikogyo Co., Ltd. to Report Q1, 2025 Results on Apr 28, 2025 Mikikogyo Co., Ltd. announced that they will report Q1, 2025 results on Apr 28, 2025 Reported Earnings • Feb 16
Full year 2024 earnings released: EPS: JP¥602 (vs JP¥767 in FY 2023) Full year 2024 results: EPS: JP¥602 (down from JP¥767 in FY 2023). Revenue: JP¥27.3b (down 15% from FY 2023). Net income: JP¥658.0m (down 22% from FY 2023). Profit margin: 2.4% (down from 2.6% in FY 2023). The decrease in margin was driven by lower revenue. 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 8% per year, which means it is well ahead of earnings. Announcement • Feb 14
Mikikogyo Co., Ltd., Annual General Meeting, Mar 25, 2025 Mikikogyo Co., Ltd., Annual General Meeting, Mar 25, 2025. Upcoming Dividend • Dec 20
Upcoming dividend of JP¥100.00 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 26 March 2025. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 4.2%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (3.3%). Announcement • Dec 06
Mikikogyo Co., Ltd. to Report Fiscal Year 2024 Results on Feb 14, 2025 Mikikogyo Co., Ltd. announced that they will report fiscal year 2024 results on Feb 14, 2025 Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: JP¥200 (vs JP¥156 in 3Q 2023) Third quarter 2024 results: EPS: JP¥200 (up from JP¥156 in 3Q 2023). Revenue: JP¥7.20b (down 3.6% from 3Q 2023). Net income: JP¥219.0m (up 29% from 3Q 2023). Profit margin: 3.0% (up from 2.3% in 3Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 3% per year. Announcement • Aug 28
Mikikogyo Co., Ltd. to Report Q3, 2024 Results on Oct 28, 2024 Mikikogyo Co., Ltd. announced that they will report Q3, 2024 results on Oct 28, 2024 Announcement • Aug 26
Mikikogyo Co., Ltd. (TSE:1718) agreed to acquire Hyou Co.,Ltd. from Hyo Yuichiro, Nakao Hidehiro and Goto Masaya. Mikikogyo Co., Ltd. (TSE:1718) agreed to acquire Hyou Co.,Ltd. from Hyo Yuichiro, Nakao Hidehiro and Goto Masaya on August 26, 2024. Mikikogyo will acquire 0.0012 million shares of Hyou. The parties are scheduled to enter into a contract for the acquisition on August 29, 2024. The expected completion of the transaction is August 29, 2024. Reported Earnings • Jul 31
Second quarter 2024 earnings released: EPS: JP¥93.32 (vs JP¥59.46 in 2Q 2023) Second quarter 2024 results: EPS: JP¥93.32 (up from JP¥59.46 in 2Q 2023). Revenue: JP¥5.71b (flat on 2Q 2023). Net income: JP¥102.0m (up 57% from 2Q 2023). Profit margin: 1.8% (up from 1.1% in 2Q 2023). 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 7% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Jul 23
Now 21% overvalued Over the last 90 days, the stock has fallen 2.6% to JP¥4,975. The fair value is estimated to be JP¥4,107, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.2% over the last 3 years, while earnings per share has been flat. Buy Or Sell Opportunity • Jul 01
Now 21% overvalued Over the last 90 days, the stock has fallen 2.5% to JP¥4,925. The fair value is estimated to be JP¥4,061, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.2% over the last 3 years, while earnings per share has been flat. Upcoming Dividend • Jun 20
Upcoming dividend of JP¥100.00 per share Eligible shareholders must have bought the stock before 27 June 2024. Payment date: 30 August 2024. Payout ratio is a comfortable 26% but the company is not cash flow positive. Trailing yield: 5.4%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (3.3%). Announcement • Jun 08
Mikikogyo Co., Ltd. to Report Q2, 2024 Results on Jul 29, 2024 Mikikogyo Co., Ltd. announced that they will report Q2, 2024 results on Jul 29, 2024 Reported Earnings • May 01
First quarter 2024 earnings released: EPS: JP¥236 (vs JP¥395 in 1Q 2023) First quarter 2024 results: EPS: JP¥236 (down from JP¥395 in 1Q 2023). Revenue: JP¥7.42b (down 30% from 1Q 2023). Net income: JP¥258.0m (down 40% from 1Q 2023). Profit margin: 3.5% (down from 4.1% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 6% per year. Reported Earnings • Mar 30
Full year 2023 earnings released: EPS: JP¥767 (vs JP¥671 in FY 2022) Full year 2023 results: EPS: JP¥767 (up from JP¥671 in FY 2022). Revenue: JP¥32.2b (up 4.7% from FY 2022). Net income: JP¥839.0m (up 14% from FY 2022). Profit margin: 2.6% (up from 2.4% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 8% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 01
Mikikogyo Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024 Mikikogyo Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 Reported Earnings • Feb 17
Full year 2023 earnings released: EPS: JP¥767 (vs JP¥671 in FY 2022) Full year 2023 results: EPS: JP¥767 (up from JP¥671 in FY 2022). Revenue: JP¥32.2b (up 4.7% from FY 2022). Net income: JP¥839.0m (up 14% from FY 2022). Profit margin: 2.6% (up from 2.4% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 8% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 16
Mikikogyo Co., Ltd., Annual General Meeting, Mar 25, 2024 Mikikogyo Co., Ltd., Annual General Meeting, Mar 25, 2024. Upcoming Dividend • Dec 21
Upcoming dividend of JP¥80.00 per share at 3.4% yield Eligible shareholders must have bought the stock before 28 December 2023. Payment date: 24 March 2024. Payout ratio is a comfortable 17% but the company is not cash flow positive. Trailing yield: 3.4%. Lower than top quartile of Japanese dividend payers (3.5%). In line with average of industry peers (3.2%). Announcement • Dec 05
Mikikogyo Co., Ltd. to Report Fiscal Year 2023 Results on Feb 14, 2024 Mikikogyo Co., Ltd. announced that they will report fiscal year 2023 results on Feb 14, 2024 Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: JP¥156 (vs JP¥30.19 loss in 3Q 2022) Third quarter 2023 results: EPS: JP¥156 (up from JP¥30.19 loss in 3Q 2022). Revenue: JP¥7.46b (down 10% from 3Q 2022). Net income: JP¥170.0m (up JP¥203.0m from 3Q 2022). Profit margin: 2.3% (up from net loss in 3Q 2022). The move to profitability was driven by lower expenses. 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 9% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Sep 03
Mikikogyo Co., Ltd. to Report Q3, 2023 Results on Oct 30, 2023 Mikikogyo Co., Ltd. announced that they will report Q3, 2023 results on Oct 30, 2023 New Risk • Aug 02
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: 1.9% Last year net profit margin: 3.3% 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: Major Risk Earnings have declined by 4.3% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (1.9% net profit margin). Market cap is less than US$100m (JP¥4.88b market cap, or US$34.1m). Reported Earnings • Aug 01
Second quarter 2023 earnings released: EPS: JP¥59.46 (vs JP¥294 in 2Q 2022) Second quarter 2023 results: EPS: JP¥59.46 (down from JP¥294 in 2Q 2022). Revenue: JP¥5.72b (down 27% from 2Q 2022). Net income: JP¥65.0m (down 80% from 2Q 2022). Profit margin: 1.1% (down from 4.1% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Upcoming Dividend • Jun 22
Upcoming dividend of JP¥80.00 per share at 3.3% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 31 August 2023. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.5%). In line with average of industry peers (3.4%). Announcement • Jun 02
Mikikogyo Co., Ltd. to Report Q2, 2023 Results on Jul 31, 2023 Mikikogyo Co., Ltd. announced that they will report Q2, 2023 results on Jul 31, 2023 Reported Earnings • Mar 29
Full year 2022 earnings released: EPS: JP¥671 (vs JP¥669 in FY 2021) Full year 2022 results: EPS: JP¥671 (up from JP¥669 in FY 2021). Revenue: JP¥30.8b (up 17% from FY 2021). Net income: JP¥734.0m (flat on FY 2021). Profit margin: 2.4% (down from 2.8% in FY 2021). 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 increased by 11% per year, which means it is well ahead of earnings. Reported Earnings • Feb 16
Full year 2022 earnings released: EPS: JP¥671 (vs JP¥669 in FY 2021) Full year 2022 results: EPS: JP¥671 (up from JP¥669 in FY 2021). Revenue: JP¥30.8b (up 17% from FY 2021). Net income: JP¥734.0m (flat on FY 2021). Profit margin: 2.4% (down from 2.8% in FY 2021). 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 • Dec 22
Upcoming dividend of JP¥50.00 per share Eligible shareholders must have bought the stock before 29 December 2022. Payment date: 27 March 2023. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (3.7%). Announcement • Dec 06
Mikikogyo Co., Ltd. to Report Fiscal Year 2022 Results on Feb 14, 2023 Mikikogyo Co., Ltd. announced that they will report fiscal year 2022 results on Feb 14, 2023 Board Change • Nov 17
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. 7 experienced directors. 4 highly experienced directors. No independent directors (8 non-independent directors). Director Yoichi Ogawa was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Nov 02
Third quarter 2022 earnings released: JP¥30.19 loss per share (vs JP¥187 profit in 3Q 2021) Third quarter 2022 results: JP¥30.19 loss per share (down from JP¥187 profit in 3Q 2021). Revenue: JP¥8.33b (up 17% from 3Q 2021). Net loss: JP¥33.0m (down 116% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 17% 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 • Aug 28
Mikikogyo Co., Ltd. to Report Q3, 2022 Results on Oct 31, 2022 Mikikogyo Co., Ltd. announced that they will report Q3, 2022 results on Oct 31, 2022 Reported Earnings • Jul 30
Second quarter 2022 earnings released: EPS: JP¥294 (vs JP¥17.38 loss in 2Q 2021) Second quarter 2022 results: EPS: JP¥294 (up from JP¥17.38 loss in 2Q 2021). Revenue: JP¥7.78b (up 61% from 2Q 2021). Net income: JP¥321.0m (up JP¥340.0m from 2Q 2021). Profit margin: 4.1% (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 15% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Upcoming Dividend • Jun 22
Upcoming dividend of JP¥50.00 per share Eligible shareholders must have bought the stock before 29 June 2022. Payment date: 31 August 2022. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (3.6%). Announcement • May 30
Mikikogyo Co., Ltd. to Report Q2, 2022 Results on Jul 28, 2022 Mikikogyo Co., Ltd. announced that they will report Q2, 2022 results on Jul 28, 2022 Reported Earnings • Apr 30
First quarter 2022 earnings released: EPS: JP¥267 (vs JP¥361 in 1Q 2021) First quarter 2022 results: EPS: JP¥267 (down from JP¥361 in 1Q 2021). Revenue: JP¥7.49b (down 5.2% from 1Q 2021). Net income: JP¥292.0m (down 26% from 1Q 2021). Profit margin: 3.9% (down from 5.0% in 1Q 2021). 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 increased by 1% per year, which means it is well ahead of earnings. 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. 7 experienced directors. 4 highly experienced directors. No independent directors (8 non-independent directors). Director Yoichi Ogawa was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Announcement • Apr 08
Mikikogyo Co., Ltd. to Report Q1, 2022 Results on Apr 28, 2022 Mikikogyo Co., Ltd. announced that they will report Q1, 2022 results on Apr 28, 2022 Reported Earnings • Feb 16
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: JP¥669 (down from JP¥727 in FY 2020). Revenue: JP¥26.4b (down 3.3% from FY 2020). Net income: JP¥731.0m (down 8.1% from FY 2020). Profit margin: 2.8% (down from 2.9% in FY 2020). 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 8% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Announcement • Feb 16
Mikikogyo Co., Ltd., Annual General Meeting, Mar 24, 2022 Mikikogyo Co., Ltd., Annual General Meeting, Mar 24, 2022. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥110 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 26 March 2022. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.3%). Lower than average of industry peers (3.3%). Reported Earnings • Oct 29
Third quarter 2021 earnings released: EPS JP¥187 (vs JP¥266 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥7.10b (down 1.7% from 3Q 2020). Net income: JP¥204.0m (down 30% from 3Q 2020). Profit margin: 2.9% (down from 4.0% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has increased by 1% per year. Reported Earnings • Aug 03
Second quarter 2021 earnings released: JP¥17.38 loss per share (vs JP¥39.34 profit in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and control over costs. Second quarter 2021 results: Revenue: JP¥4.83b (down 11% from 2Q 2020). Net loss: JP¥19.0m (down 144% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 7% per year. Upcoming Dividend • Jun 22
Upcoming dividend of JP¥50.00 per share Eligible shareholders must have bought the stock before 29 June 2021. Payment date: 28 August 2021. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.1%). Lower than average of industry peers (3.2%). Reported Earnings • May 01
First quarter 2021 earnings released: EPS JP¥361 (vs JP¥352 in 1Q 2020) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: JP¥7.90b (down 4.7% from 1Q 2020). Net income: JP¥395.0m (up 2.6% from 1Q 2020). Profit margin: 5.0% (up from 4.6% in 1Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 7% per year. Reported Earnings • Apr 01
Full year 2020 earnings released: EPS JP¥727 (vs JP¥980 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥27.3b (down 8.8% from FY 2019). Net income: JP¥795.0m (down 26% from FY 2019). Profit margin: 2.9% (down from 3.6% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 7% per year. Announcement • Mar 01
Mikikogyo Co., Ltd. to Report Q1, 2021 Results on Apr 28, 2021 Mikikogyo Co., Ltd. announced that they will report Q1, 2021 results on Apr 28, 2021 Is New 90 Day High Low • Feb 26
New 90-day high: JP¥3,920 The company is up 3.0% from its price of JP¥3,815 on 27 November 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 6.0% over the same period. Reported Earnings • Feb 14
Full year 2020 earnings released: EPS JP¥727 (vs JP¥980 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥27.3b (down 8.8% from FY 2019). Net income: JP¥795.0m (down 26% from FY 2019). Profit margin: 2.9% (down from 3.6% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year and the company’s share price has also fallen by 9% per year. Reported Earnings • Nov 15
Third quarter 2020 earnings released: EPS JP¥266 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: JP¥7.23b (down 3.3% from 3Q 2019). Net income: JP¥291.0m (down 55% from 3Q 2019). Profit margin: 4.0% (down from 8.6% in 3Q 2019). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 9% per year. Is New 90 Day High Low • Nov 11
New 90-day high: JP¥3,715 The company is up 13% from its price of JP¥3,300 on 13 August 2020. The Japanese market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is down 1.0% over the same period. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total profits of JP¥590.0m, down 55% from the prior year. Total revenue was JP¥27.7b over the last 12 months, down 12% from the prior year. Is New 90 Day High Low • Oct 21
New 90-day high: JP¥3,650 The company is up 3.0% from its price of JP¥3,530 on 22 July 2020. The Japanese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Construction industry, which is down 5.0% over the same period. Announcement • Aug 30
Mikikogyo Co., Ltd. to Report Q3, 2020 Results on Oct 28, 2020 Mikikogyo Co., Ltd. announced that they will report Q3, 2020 results on Oct 28, 2020 
