Reported Earnings • Aug 01
First quarter 2027 earnings released: EPS: JP¥47.60 (vs JP¥45.58 in 1Q 2026) First quarter 2027 results: EPS: JP¥47.60 (up from JP¥45.58 in 1Q 2026). Revenue: JP¥33.0b (up 29% from 1Q 2026). Net income: JP¥2.78b (up 4.4% from 1Q 2026). Profit margin: 8.4% (down from 10% in 1Q 2026). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Jul 25
Final dividend of JP¥38.00 announced Shareholders will receive a dividend of JP¥38.00. Ex-date: 29th September 2026 Payment date: 2nd December 2026 Dividend yield will be 3.6%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is well covered by both earnings (26% earnings payout ratio) and cash flows (27% cash payout ratio). The dividend has increased by an average of 25% 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 9.6% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Jul 01
Shinnihon Corporation to Report Q1, 2027 Results on Jul 31, 2026 Shinnihon Corporation announced that they will report Q1, 2027 results on Jul 31, 2026 Reported Earnings • May 13
Full year 2026 earnings released: EPS: JP¥260 (vs JP¥219 in FY 2025) Full year 2026 results: EPS: JP¥260 (up from JP¥219 in FY 2025). Revenue: JP¥138.4b (up 5.1% from FY 2025). Net income: JP¥15.2b (up 19% from FY 2025). Profit margin: 11% (up from 9.7% in FY 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 12
Shinnihon Corporation, Annual General Meeting, Jun 26, 2026 Shinnihon Corporation, Annual General Meeting, Jun 26, 2026. Announcement • May 09
Shinnihon Corporation to Report Fiscal Year 2026 Results on May 12, 2026 Shinnihon Corporation announced that they will report fiscal year 2026 results on May 12, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥28.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 30 June 2026. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.4%). Reported Earnings • Feb 15
Third quarter 2026 earnings released: EPS: JP¥46.08 (vs JP¥42.21 in 3Q 2025) Third quarter 2026 results: EPS: JP¥46.08 (up from JP¥42.21 in 3Q 2025). Revenue: JP¥31.5b (up 7.6% from 3Q 2025). Net income: JP¥2.70b (up 9.2% from 3Q 2025). Profit margin: 8.5% (up from 8.4% in 3Q 2025). The increase in margin was driven by higher revenue. 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 33% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Dec 23
Shinnihon Corporation to Report Q3, 2026 Results on Feb 12, 2026 Shinnihon Corporation announced that they will report Q3, 2026 results on Feb 12, 2026 Declared Dividend • Dec 03
First half dividend of JP¥28.00 announced Shareholders will receive a dividend of JP¥28.00. Ex-date: 30th March 2026 Payment date: 30th June 2026 Dividend yield will be 3.0%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (24% earnings payout ratio) and cash flows (51% cash payout ratio). The dividend has increased by an average of 20% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 8.9% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 18
Second quarter 2026 earnings released: EPS: JP¥43.09 (vs JP¥51.94 in 2Q 2025) Second quarter 2026 results: EPS: JP¥43.09 (down from JP¥51.94 in 2Q 2025). Revenue: JP¥30.4b (down 8.6% from 2Q 2025). Net income: JP¥2.52b (down 17% from 2Q 2025). Profit margin: 8.3% (down from 9.1% in 2Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥28.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 03 December 2025. Payout ratio is a comfortable 22% but the company is paying out more than the cash it is generating. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (2.8%). Announcement • Sep 01
Shinnihon Corporation to Report Q2, 2026 Results on Nov 14, 2025 Shinnihon Corporation announced that they will report Q2, 2026 results on Nov 14, 2025 Reported Earnings • Aug 09
First quarter 2026 earnings released: EPS: JP¥45.58 (vs JP¥22.48 in 1Q 2025) First quarter 2026 results: EPS: JP¥45.58 (up from JP¥22.48 in 1Q 2025). Revenue: JP¥25.6b (up 20% from 1Q 2025). Net income: JP¥2.67b (up 103% from 1Q 2025). Profit margin: 10% (up from 6.2% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Jul 09
Final dividend increased to JP¥28.00 Dividend of JP¥28.00 is 7.7% higher than last year. Ex-date: 29th September 2025 Payment date: 3rd December 2025 Dividend yield will be 3.5%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by earnings (31% earnings payout ratio) but not covered by cash flows (147% cash payout ratio). The dividend has increased by an average of 20% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 4.0% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Jun 27
Shinnihon Corporation to Report Q1, 2026 Results on Aug 08, 2025 Shinnihon Corporation announced that they will report Q1, 2026 results on Aug 08, 2025 Reported Earnings • May 17
Full year 2025 earnings released: EPS: JP¥219 (vs JP¥210 in FY 2024) Full year 2025 results: EPS: JP¥219 (up from JP¥210 in FY 2024). Revenue: JP¥131.7b (down 1.4% from FY 2024). Net income: JP¥12.8b (up 4.3% from FY 2024). Profit margin: 9.7% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 13
Shinnihon Corporation, Annual General Meeting, Jun 27, 2025 Shinnihon Corporation, Annual General Meeting, Jun 27, 2025. Announcement • Mar 31
Shinnihon Corporation Announces Changes of Officers, Effective April 1, 2025 Shinnihon Corporation announced that meetings of their respective boards of directors held on March 31, 2025, adopted resolutions for changes of officers. Details are as follows: Transfer of Masayuki Suzuki from Representative Director, Vice President and Executive Officer Senior General Manager, Construction Headquarters and General Manager, Production Management Headquarters to Representative Director, Vice President and Executive Officer Senior General Manager, Construction Headquarters. Transfer of Junichi Mikami from Director, Vice President and Executive Officer General Manager, Construction Headquarters to Director, Vice President and Executive Officer General Manager, Production Management Headquarters. Promoted Ryosei Okawa from Managing Executive Officer Construction Sales Headquarters to Senior Managing Executive Officer Deputy General Manager, Construction Sales Headquarters. Promoted Yasuhito Kanetsuna from Director, Managing Executive Officer Development Business Headquarters and General Manager, Yokohama Branch to Director, Senior Managing Executive Officer General Manager, Development Business Headquarters and General Manager, Yokohama Branch. Promoted Hiroshi Nagao from Managing Executive Officer Development Business Headquarters and General Manager, Tokyo Branch to Senior Managing Executive Officer Deputy General Manager, Development Business Headquarters and General Manager, Tokyo Branch. Promoted Toru Sakai from Managing Executive Officer Development Business Headquarters to Senior Managing Executive Officer Deputy General Manager, Development Business Headquarters and New appointed Eisuke Saito from Deputy General Manager, Design Division to Executive Officer General Manager, Design Division. The changes of executive officers will be carried out as follows for strengthening the management structure. Scheduled date of change: April 1, 2025. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 30 June 2025. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (3.3%). Announcement • Mar 04
Shinnihon Corporation to Report Fiscal Year 2025 Results on May 13, 2025 Shinnihon Corporation announced that they will report fiscal year 2025 results on May 13, 2025 Reported Earnings • Feb 16
Third quarter 2025 earnings released: EPS: JP¥42.20 (vs JP¥41.02 in 3Q 2024) Third quarter 2025 results: EPS: JP¥42.20 (up from JP¥41.02 in 3Q 2024). Revenue: JP¥29.3b (down 5.5% from 3Q 2024). Net income: JP¥2.47b (up 2.9% from 3Q 2024). Profit margin: 8.4% (up from 7.7% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 14
Shinnihon Corporation Provides Commemorative Dividend Guidance for the Fiscal Year Ending March 31, 2025 Shinnihon Corporation provided commemorative dividend guidance for the fiscal year ending March 31, 2025. For the year, the company now expects to pay commemorative dividend of JPY 3 per share. Reason: The Company celebrated its 60th anniversary in the fiscal year ending March 31, 2025. The Company extend the company's heartfelt appreciation of the shareholders and other stakeholders' warm support for many years. As a sign of the company's gratitude to the company's shareholders, the company will be adding a commemorative dividend of JPY 3 per share to the ordinary dividend of JPY 27 per share previously announced for the year-end dividend for the fiscal year ending March 31, 2025. Announcement • Jan 03
Shinnihon Corporation to Report Q3, 2025 Results on Feb 14, 2025 Shinnihon Corporation announced that they will report Q3, 2025 results on Feb 14, 2025 Declared Dividend • Dec 04
First half dividend of JP¥27.00 announced Shareholders will receive a dividend of JP¥27.00. Ex-date: 28th March 2025 Payment date: 30th June 2025 Dividend yield will be 3.5%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is well covered by both earnings (18% earnings payout ratio) and cash flows (19% cash payout ratio). The dividend has increased by an average of 25% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 2.3% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥26.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 04 December 2024. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.8%). In line with average of industry peers (3.3%). Announcement • Aug 31
Shinnihon Corporation to Report Q2, 2025 Results on Nov 13, 2024 Shinnihon Corporation announced that they will report Q2, 2025 results on Nov 13, 2024 Reported Earnings • Aug 13
First quarter 2025 earnings released: EPS: JP¥22.48 (vs JP¥26.47 in 1Q 2024) First quarter 2025 results: EPS: JP¥22.48 (down from JP¥26.47 in 1Q 2024). Revenue: JP¥21.3b (up 4.5% from 1Q 2024). Net income: JP¥1.32b (down 15% from 1Q 2024). Profit margin: 6.2% (down from 7.6% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Aug 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.1% average weekly change). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to JP¥1,289, the stock trades at a trailing P/E ratio of 6.1x. Average trailing P/E is 11x in the Construction industry in Japan. Total returns to shareholders of 61% over the past three years. Declared Dividend • Jul 11
Final dividend increased to JP¥26.00 Dividend of JP¥26.00 is 73% higher than last year. Ex-date: 27th September 2024 Payment date: 4th December 2024 Dividend yield will be 3.9%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is well covered by both earnings (15% earnings payout ratio) and cash flows (27% cash payout ratio). The dividend has increased by an average of 22% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 4.1% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Jun 06
Shinnihon Corporation to Report Q1, 2025 Results on Aug 09, 2024 Shinnihon Corporation announced that they will report Q1, 2025 results on Aug 09, 2024 Reported Earnings • May 16
Full year 2024 earnings released: EPS: JP¥210 (vs JP¥205 in FY 2023) Full year 2024 results: EPS: JP¥210 (up from JP¥205 in FY 2023). Revenue: JP¥133.5b (up 17% from FY 2023). Net income: JP¥12.3b (up 2.3% from FY 2023). Profit margin: 9.2% (down from 11% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 15
Shinnihon Corporation, Annual General Meeting, Jun 27, 2024 Shinnihon Corporation, Annual General Meeting, Jun 27, 2024. Announcement • Mar 29
Shinnihon Corporation to Report Fiscal Year 2024 Final Results on May 13, 2024 Shinnihon Corporation announced that they will report fiscal year 2024 final results on May 13, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥19.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 15% but the company is not cash flow positive. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (2.7%). Valuation Update With 7 Day Price Move • Mar 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥1,490, the stock trades at a trailing P/E ratio of 7.1x. Average trailing P/E is 13x in the Construction industry in Japan. Total returns to shareholders of 85% over the past three years. Reported Earnings • Feb 14
Third quarter 2024 earnings released: EPS: JP¥41.02 (vs JP¥43.23 in 3Q 2023) Third quarter 2024 results: EPS: JP¥41.02 (down from JP¥43.23 in 3Q 2023). Revenue: JP¥31.0b (up 23% from 3Q 2023). Net income: JP¥2.40b (down 5.1% from 3Q 2023). Profit margin: 7.7% (down from 10.0% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 12% per year. Announcement • Dec 28
Shinnihon Corporation to Report Q3, 2024 Results on Feb 13, 2024 Shinnihon Corporation announced that they will report Q3, 2024 results on Feb 13, 2024 Reported Earnings • Nov 13
Second quarter 2024 earnings released: EPS: JP¥52.03 (vs JP¥49.49 in 2Q 2023) Second quarter 2024 results: EPS: JP¥52.03 (up from JP¥49.49 in 2Q 2023). Revenue: JP¥29.1b (up 3.9% from 2Q 2023). Net income: JP¥3.04b (up 5.2% from 2Q 2023). Profit margin: 10% (in line with 2Q 2023). Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 9% per year. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥15.00 per share at 2.8% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 04 December 2023. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.3%). In line with average of industry peers (3.0%). Announcement • Aug 31
Shinnihon Corporation to Report Q2, 2024 Results on Nov 10, 2023 Shinnihon Corporation announced that they will report Q2, 2024 results on Nov 10, 2023 Reported Earnings • Aug 12
First quarter 2024 earnings released: EPS: JP¥26.47 (vs JP¥23.56 in 1Q 2023) First quarter 2024 results: EPS: JP¥26.47 (up from JP¥23.56 in 1Q 2023). Revenue: JP¥20.4b (up 20% from 1Q 2023). Net income: JP¥1.55b (up 12% from 1Q 2023). Profit margin: 7.6% (down from 8.1% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jun 28
Shinnihon Corporation to Report Q1, 2024 Results on Aug 10, 2023 Shinnihon Corporation announced that they will report Q1, 2024 results on Aug 10, 2023 Reported Earnings • May 15
Full year 2023 earnings released: EPS: JP¥205 (vs JP¥185 in FY 2022) Full year 2023 results: EPS: JP¥205 (up from JP¥185 in FY 2022). Revenue: JP¥113.7b (up 6.2% from FY 2022). Net income: JP¥12.0b (up 11% from FY 2022). Profit margin: 11% (in line with FY 2022). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 11
Shinnihon Corporation, Annual General Meeting, Jun 29, 2023 Shinnihon Corporation, Annual General Meeting, Jun 29, 2023. Agenda: Annual General Meeting. Buying Opportunity • Mar 30
Now 20% undervalued Over the last 90 days, the stock is up 23%. The fair value is estimated to be JP¥1,145, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 5.9%. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥12.00 per share at 2.4% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (3.6%). Buying Opportunity • Mar 14
Now 21% undervalued Over the last 90 days, the stock is up 23%. The fair value is estimated to be JP¥1,138, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 5.9%. Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: JP¥43.23 (vs JP¥51.88 in 3Q 2022) Third quarter 2023 results: EPS: JP¥43.23 (down from JP¥51.88 in 3Q 2022). Revenue: JP¥25.3b (down 11% from 3Q 2022). Net income: JP¥2.53b (down 17% from 3Q 2022). Profit margin: 10.0% (in line with 3Q 2022). 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 1% per year, which means it is significantly lagging earnings. Announcement • Dec 30
Shinnihon Corporation to Report Q3, 2023 Results on Feb 10, 2023 Shinnihon Corporation announced that they will report Q3, 2023 results on Feb 10, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: JP¥49.49 (vs JP¥40.22 in 2Q 2022) Second quarter 2023 results: EPS: JP¥49.49 (up from JP¥40.22 in 2Q 2022). Revenue: JP¥28.0b (up 13% from 2Q 2022). Net income: JP¥2.89b (up 23% from 2Q 2022). Profit margin: 10% (in line with 2Q 2022). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 10 highly experienced directors. 2 independent directors (9 non-independent directors). Independent Outside Director Yusei Yamaguchi was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 13
Second quarter 2023 earnings released: EPS: JP¥49.49 (vs JP¥40.22 in 2Q 2022) Second quarter 2023 results: EPS: JP¥49.49 (up from JP¥40.22 in 2Q 2022). Revenue: JP¥28.0b (up 13% from 2Q 2022). Net income: JP¥2.89b (up 23% from 2Q 2022). Profit margin: 10% (in line with 2Q 2022). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 02 December 2022. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (3.5%). Announcement • Sep 07
Shinnihon Corporation to Report Q2, 2023 Results on Nov 11, 2022 Shinnihon Corporation announced that they will report Q2, 2023 results on Nov 11, 2022 Reported Earnings • Aug 12
First quarter 2023 earnings released: EPS: JP¥23.56 (vs JP¥19.55 in 1Q 2022) First quarter 2023 results: EPS: JP¥23.56 (up from JP¥19.55 in 1Q 2022). Revenue: JP¥17.0b (up 4.1% from 1Q 2022). Net income: JP¥1.38b (up 21% from 1Q 2022). Profit margin: 8.1% (up from 7.0% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has remained flat. Announcement • Jun 25
Shinnihon Corporation to Report Q1, 2023 Results on Aug 10, 2022 Shinnihon Corporation announced that they will report Q1, 2023 results on Aug 10, 2022 Reported Earnings • May 13
Full year 2022 earnings released: EPS: JP¥185 (vs JP¥165 in FY 2021) Full year 2022 results: EPS: JP¥185 (up from JP¥165 in FY 2021). Revenue: JP¥107.1b (up 5.2% from FY 2021). Net income: JP¥10.8b (up 12% from FY 2021). Profit margin: 10% (in line with FY 2021). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Announcement • May 13
Shinnihon Corporation, Annual General Meeting, Jun 29, 2022 Shinnihon Corporation, Annual General Meeting, Jun 29, 2022. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 10 highly experienced directors. 2 independent directors (9 non-independent directors). Independent Outside Director Yusei Yamaguchi was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Apr 08
Shinnihon Corporation to Report Fiscal Year 2022 Results on May 11, 2022 Shinnihon Corporation announced that they will report fiscal year 2022 results on May 11, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 30 June 2022. Payout ratio is a comfortable 10% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (3.1%). Reported Earnings • Feb 17
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥51.88 (up from JP¥35.63 in 3Q 2021). Revenue: JP¥28.5b (up 31% from 3Q 2021). Net income: JP¥3.03b (up 46% from 3Q 2021). Profit margin: 11% (up from 9.5% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 16
Second quarter 2022 earnings released: EPS JP¥40.22 (vs JP¥30.40 in 2Q 2021) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2022 results: Revenue: JP¥24.9b (up 21% from 2Q 2021). Net income: JP¥2.35b (up 32% from 2Q 2021). Profit margin: 9.5% (in line with 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 11% per year, which means it is performing significantly worse than earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥9.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 02 December 2021. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.0%). Lower than average of industry peers (3.0%). Announcement • Aug 19
Shinnihon Corporation (TSE:1879) agreed to acquire Fujiko Co., Ltd. on ¥15 billion. Shinnihon Corporation (TSE:1879) agreed to acquire Fujiko Co., Ltd. on ¥15 billion on August 18, 2021. At the Board of Directors meeting held on August 18, 2021, Shinnihon Corporation resolved to conclude a share transfer agreement and make Fujiko Co., Ltd. a subsidiary. Acquisition execution date is October 1, 2021. Reported Earnings • Aug 09
First quarter 2022 earnings released: EPS JP¥19.55 (vs JP¥22.08 in 1Q 2021) The company reported a poor first quarter result with weaker earnings and revenues, although profit margins were flat. First quarter 2022 results: Revenue: JP¥16.3b (down 11% from 1Q 2021). Net income: JP¥1.14b (down 12% from 1Q 2021). Profit margin: 7.0% (in line with 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 10% per year, which means it is performing significantly worse than earnings. Reported Earnings • May 18
Full year 2021 earnings released: EPS JP¥165 (vs JP¥180 in FY 2020) The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2021 results: Revenue: JP¥101.8b (down 9.6% from FY 2020). Net income: JP¥9.63b (down 8.6% from FY 2020). Profit margin: 9.5% (in line with FY 2020). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 29 June 2021. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (2.7%). Lower than average of industry peers (2.6%). Is New 90 Day High Low • Mar 11
New 90-day high: JP¥893 The company is up 5.0% from its price of JP¥851 on 11 December 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 9.0% over the same period. Reported Earnings • Feb 14
Third quarter 2021 earnings released: EPS JP¥35.63 (vs JP¥38.37 in 3Q 2020) The company reported a poor third quarter result with weaker earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: JP¥21.9b (down 14% from 3Q 2020). Net income: JP¥2.08b (down 7.1% from 3Q 2020). Profit margin: 9.5% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has fallen by 4% per year. Announcement • Dec 23
Shinnihon Corporation to Report Q3, 2021 Results on Feb 12, 2021 Shinnihon Corporation announced that they will report Q3, 2021 results on Feb 12, 2021 Is New 90 Day High Low • Dec 01
New 90-day low: JP¥828 The company is down 1.0% from its price of JP¥838 on 02 September 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 flat over the same period. Announcement • Sep 26
Shinnihon Corporation to Report Q2, 2021 Results on Nov 13, 2020 Shinnihon Corporation announced that they will report Q2, 2021 results on Nov 13, 2020 
