Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥2,925, the stock trades at a trailing P/E ratio of 7.8x. Average trailing P/E is 15x in the Machinery industry in Japan. Total returns to shareholders of 172% over the past three years. Announcement • Jul 02
SANNO Co., Ltd. to Report Fiscal Year 2026 Results on Sep 14, 2026 SANNO Co., Ltd. announced that they will report fiscal year 2026 results on Sep 14, 2026 Reported Earnings • Jun 15
Third quarter 2026 earnings released: EPS: JP¥130 (vs JP¥35.48 in 3Q 2025) Third quarter 2026 results: EPS: JP¥130 (up from JP¥35.48 in 3Q 2025). Revenue: JP¥4.30b (up 58% from 3Q 2025). Net income: JP¥560.0m (up 254% from 3Q 2025). Profit margin: 13% (up from 5.8% 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 74% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥2,356, the stock trades at a trailing P/E ratio of 8.6x. Average trailing P/E is 14x in the Machinery industry in Japan. Total returns to shareholders of 108% over the past three years. Valuation Update With 7 Day Price Move • May 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥2,730, the stock trades at a trailing P/E ratio of 9.9x. Average trailing P/E is 15x in the Machinery industry in Japan. Total returns to shareholders of 190% over the past three years. Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment improves as stock rises 39% After last week's 39% share price gain to JP¥2,257, the stock trades at a trailing P/E ratio of 8.2x. Average trailing P/E is 15x in the Machinery industry in Japan. Total returns to shareholders of 155% over the past three years. New Risk • Mar 16
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 8.6% 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: Major Risk Earnings have declined by 4.5% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.6% average weekly change). Market cap is less than US$100m (JP¥7.04b market cap, or US$44.2m). Declared Dividend • Mar 16
Dividend of JP¥25.00 announced Shareholders will receive a dividend of JP¥25.00. Ex-date: 30th July 2026 Payment date: 29th October 2026 Dividend yield will be 1.9%, which is lower than the industry average of 2.1%. Sustainability & Growth Dividend is covered by earnings (8% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 31% per year over the past 6 years and payments have been stable during that time. Earnings per share has grown by 12% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 14
Second quarter 2026 earnings released: EPS: JP¥122 (vs JP¥43.60 in 2Q 2025) Second quarter 2026 results: EPS: JP¥122 (up from JP¥43.60 in 2Q 2025). Revenue: JP¥3.48b (up 38% from 2Q 2025). Net income: JP¥528.0m (up 171% from 2Q 2025). Profit margin: 15% (up from 7.7% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Announcement • Mar 13
SANNO Co., Ltd. (TSE:3441) announces an Equity Buyback for 150,000 shares, representing 3.45% for ¥200 million. SANNO Co., Ltd. (TSE:3441) announces a share repurchase program. Under the program, the company will repurchase up to 150,000 shares, representing 3.45% of its share capital, for ¥200 million. The company will repurchase its shares in order to to enhance capital efficiency and provide further returns to shareholders as well as to execute a flexible capital policy in response to changes in the business environment. The program will expire on October 30, 2026. As of January 31, 2026, the company had 4,343,102 shares outstanding (excluding treasury shares) and 656,898 shares in treasury. Reported Earnings • Dec 13
First quarter 2026 earnings released: EPS: JP¥86.00 (vs JP¥61.80 in 1Q 2025) First quarter 2026 results: EPS: JP¥86.00 (up from JP¥61.80 in 1Q 2025). Revenue: JP¥3.27b (up 30% from 1Q 2025). Net income: JP¥372.0m (up 35% from 1Q 2025). Profit margin: 11% (in line with 1Q 2025). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. New Risk • Oct 31
New major risk - Revenue and earnings growth Earnings have declined by 11% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 11% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (JP¥4.24b market cap, or US$27.5m). Reported Earnings • Sep 15
Full year 2025 earnings released: EPS: JP¥172 (vs JP¥68.26 in FY 2024) Full year 2025 results: EPS: JP¥172 (up from JP¥68.26 in FY 2024). Revenue: JP¥10.8b (up 23% from FY 2024). Net income: JP¥765.0m (up 145% from FY 2024). Profit margin: 7.1% (up from 3.5% 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 only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • Sep 12
SANNO Co., Ltd., Annual General Meeting, Oct 28, 2025 SANNO Co., Ltd., Annual General Meeting, Oct 28, 2025. Upcoming Dividend • Jul 23
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 30 July 2025. Payment date: 28 October 2025. Payout ratio is a comfortable 10% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.9%). In line with average of industry peers (2.2%). Reported Earnings • Jun 16
Third quarter 2025 earnings released: EPS: JP¥35.48 (vs JP¥23.18 in 3Q 2024) Third quarter 2025 results: EPS: JP¥35.48 (up from JP¥23.18 in 3Q 2024). Revenue: JP¥2.72b (up 33% from 3Q 2024). Net income: JP¥158.0m (up 49% from 3Q 2024). Profit margin: 5.8% (up from 5.2% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 4% per year. New Risk • Apr 07
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 5.9% 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 Share price has been volatile over the past 3 months (5.9% average weekly change). Market cap is less than US$100m (JP¥3.24b market cap, or US$22.2m). Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to JP¥721, the stock trades at a trailing P/E ratio of 8.4x. Average trailing P/E is 11x in the Machinery industry in Japan. Total loss to shareholders of 38% over the past three years. Declared Dividend • Mar 17
Dividend of JP¥20.00 announced Shareholders will receive a dividend of JP¥20.00. Ex-date: 30th July 2025 Payment date: 28th October 2025 Dividend yield will be 2.3%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is well covered by both earnings (12% earnings payout ratio) and cash flows (11% cash payout ratio). The dividend has increased by an average of 32% per year over the past 5 years and payments have been stable during that time. The company's earnings per share (EPS) would need to decline by 87% to shift the payout ratio to a potentially unsustainable range, which is more than the 4.3% EPS decline seen over the last 5 years. Reported Earnings • Mar 15
Second quarter 2025 earnings released: EPS: JP¥43.59 (vs JP¥38.35 in 2Q 2024) Second quarter 2025 results: EPS: JP¥43.59 (up from JP¥38.35 in 2Q 2024). Revenue: JP¥2.52b (up 21% from 2Q 2024). Net income: JP¥195.0m (up 10% from 2Q 2024). Profit margin: 7.7% (down from 8.5% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 16% per year whereas the company’s share price has fallen by 14% per year. Announcement • Mar 14
SANNO Co., Ltd. (TSE:3441) announces an Equity Buyback for 150,000 shares, representing 3.35% for ¥150 million. SANNO Co., Ltd. (TSE:3441) announces a share repurchase program. Under the program, the company will repurchase up to 150,000 shares, representing 3.35% of its share capital, for ¥150 million. The company will repurchase its shares in order to to improve capital efficiency and return greater profits to shareholders, as well as to implement a flexible capital policy that responds to changes in the business environment. The program will expire on January 30, 2026. As of January 31, 2025, the company had 4,475,552 shares outstanding (excluding treasury shares) and 524,448 shares in treasury. Announcement • Feb 11
SANNO Co., Ltd. to Report Q3, 2025 Results on Jun 13, 2025 SANNO Co., Ltd. announced that they will report Q3, 2025 results on Jun 13, 2025 Announcement • Jan 03
SANNO Co., Ltd. to Report Q2, 2025 Results on Mar 14, 2025 SANNO Co., Ltd. announced that they will report Q2, 2025 results on Mar 14, 2025 Reported Earnings • Dec 15
First quarter 2025 earnings released: EPS: JP¥61.80 (vs JP¥47.67 in 1Q 2024) First quarter 2025 results: EPS: JP¥61.80 (up from JP¥47.67 in 1Q 2024). Revenue: JP¥2.52b (up 16% from 1Q 2024). Net income: JP¥276.0m (up 26% from 1Q 2024). Profit margin: 11% (in line with 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Announcement • Sep 27
SANNO Co., Ltd. to Report Q1, 2025 Results on Dec 13, 2024 SANNO Co., Ltd. announced that they will report Q1, 2025 results on Dec 13, 2024 New Risk • Sep 19
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.6% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (JP¥3.48b market cap, or US$24.3m). Reported Earnings • Sep 17
Full year 2024 earnings released: EPS: JP¥68.25 (vs JP¥33.37 in FY 2023) Full year 2024 results: EPS: JP¥68.25 (up from JP¥33.37 in FY 2023). Revenue: JP¥8.80b (down 8.0% from FY 2023). Net income: JP¥312.0m (up 103% from FY 2023). Profit margin: 3.5% (up from 1.6% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Announcement • Sep 11
SANNO Co., Ltd. to Report Fiscal Year 2024 Results on Sep 13, 2024 SANNO Co., Ltd. announced that they will report fiscal year 2024 results on Sep 13, 2024 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¥706, the stock trades at a trailing P/E ratio of 12.7x. Average trailing P/E is 11x in the Machinery industry in Japan. Total loss to shareholders of 44% over the past three years. Upcoming Dividend • Jul 23
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 30 July 2024. Payment date: 28 October 2024. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Japanese dividend payers (3.5%). Lower than average of industry peers (2.5%). Reported Earnings • Jun 16
Third quarter 2024 earnings released: EPS: JP¥23.17 (vs JP¥9.97 in 3Q 2023) Third quarter 2024 results: EPS: JP¥23.17 (up from JP¥9.97 in 3Q 2023). Revenue: JP¥2.05b (down 11% from 3Q 2023). Net income: JP¥106.0m (up 130% from 3Q 2023). Profit margin: 5.2% (up from 2.0% in 3Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Announcement • May 24
SANNO Co., Ltd. to Report Q3, 2024 Results on Jun 14, 2024 SANNO Co., Ltd. announced that they will report Q3, 2024 results on Jun 14, 2024 Reported Earnings • Mar 17
Second quarter 2024 earnings released: EPS: JP¥38.34 (vs JP¥35.10 in 2Q 2023) Second quarter 2024 results: EPS: JP¥38.34 (up from JP¥35.10 in 2Q 2023). Revenue: JP¥2.09b (down 17% from 2Q 2023). Net income: JP¥177.0m (up 9.3% from 2Q 2023). Profit margin: 8.5% (up from 6.4% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Declared Dividend • Mar 16
Dividend of JP¥10.00 announced Dividend of JP¥10.00 is the same as last year. Ex-date: 30th July 2024 Payment date: 28th October 2024 Dividend yield will be 1.2%, which is lower than the industry average of 2.1%. Sustainability & Growth Dividend is well covered by both earnings (27% earnings payout ratio) and cash flows (20% cash payout ratio). The dividend has increased by an average of 19% per year over the past 4 years and payments have been stable during that time. Earnings per share has grown by 39% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Feb 21
SANNO Co., Ltd. to Report Q2, 2024 Results on Mar 14, 2024 SANNO Co., Ltd. announced that they will report Q2, 2024 results on Mar 14, 2024 Reported Earnings • Dec 16
First quarter 2024 earnings released: EPS: JP¥47.66 (vs JP¥43.55 in 1Q 2023) First quarter 2024 results: EPS: JP¥47.66 (up from JP¥43.55 in 1Q 2023). Revenue: JP¥2.17b (down 19% from 1Q 2023). Net income: JP¥220.0m (up 9.5% from 1Q 2023). Profit margin: 10% (up from 7.5% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Announcement • Nov 24
SANNO Co., Ltd. to Report Q1, 2024 Results on Dec 14, 2023 SANNO Co., Ltd. announced that they will report Q1, 2024 results on Dec 14, 2023 Reported Earnings • Sep 17
Full year 2023 earnings released: EPS: JP¥33.36 (vs JP¥76.92 in FY 2022) Full year 2023 results: EPS: JP¥33.36 (down from JP¥76.92 in FY 2022). Revenue: JP¥9.56b (up 1.2% from FY 2022). Net income: JP¥154.0m (down 57% from FY 2022). Profit margin: 1.6% (down from 3.8% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Announcement • Sep 16
SANNO Co., Ltd., Annual General Meeting, Oct 26, 2023 SANNO Co., Ltd., Annual General Meeting, Oct 26, 2023. Announcement • Aug 10
SANNO Co., Ltd. to Report Fiscal Year 2023 Results on Sep 14, 2023 SANNO Co., Ltd. announced that they will report fiscal year 2023 results on Sep 14, 2023 Upcoming Dividend • Jul 21
Upcoming dividend of JP¥10.00 per share at 0.9% yield Eligible shareholders must have bought the stock before 28 July 2023. Payment date: 28 October 2023. Payout ratio is a comfortable 14% but the company is not cash flow positive. Trailing yield: 0.9%. Lower than top quartile of Japanese dividend payers (3.5%). Lower than average of industry peers (2.2%). Reported Earnings • Jun 16
Third quarter 2023 earnings released: EPS: JP¥9.96 (vs JP¥23.19 in 3Q 2022) Third quarter 2023 results: EPS: JP¥9.96 (down from JP¥23.19 in 3Q 2022). Revenue: JP¥2.30b (down 1.9% from 3Q 2022). Net income: JP¥46.0m (down 57% from 3Q 2022). Profit margin: 2.0% (down from 4.6% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has fallen by 1% per year. Valuation Update With 7 Day Price Move • Jun 07
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to JP¥1,317, the stock trades at a trailing P/E ratio of 15.2x. Average trailing P/E is 11x in the Machinery industry in Japan. Total returns to shareholders of 67% over the past three years. Announcement • May 27
SANNO Co., Ltd. to Report Q3, 2023 Results on Jun 14, 2023 SANNO Co., Ltd. announced that they will report Q3, 2023 results on Jun 14, 2023 Reported Earnings • Mar 15
Second quarter 2023 earnings released: EPS: JP¥35.09 (vs JP¥29.69 in 2Q 2022) Second quarter 2023 results: EPS: JP¥35.09 (up from JP¥29.69 in 2Q 2022). Revenue: JP¥2.53b (up 14% from 2Q 2022). Net income: JP¥162.0m (up 18% from 2Q 2022). Profit margin: 6.4% (up from 6.2% in 2Q 2022). 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 29% per year. Reported Earnings • Dec 17
First quarter 2023 earnings released: EPS: JP¥43.55 (vs JP¥39.44 in 1Q 2022) First quarter 2023 results: EPS: JP¥43.55 (up from JP¥39.44 in 1Q 2022). Revenue: JP¥2.68b (up 19% from 1Q 2022). Net income: JP¥201.0m (up 10% from 1Q 2022). Profit margin: 7.5% (down from 8.1% in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Dec 15
Investor sentiment improved over the past week After last week's 17% share price gain to JP¥1,053, the stock trades at a trailing P/E ratio of 13.7x. Average trailing P/E is 11x in the Machinery industry in Japan. Total returns to shareholders of 53% over the past three years. Announcement • Nov 30
SANNO Co., Ltd. to Report Q1, 2023 Results on Dec 14, 2022 SANNO Co., Ltd. announced that they will report Q1, 2023 results on Dec 14, 2022 Board Change • Nov 16
No independent directors There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 2 highly experienced directors. No independent directors (9 non-independent directors). Director Masanobu Higuchi was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Nov 02
Full year 2022 earnings released: EPS: JP¥76.91 (vs JP¥209 in FY 2021) Full year 2022 results: EPS: JP¥76.91 (down from JP¥209 in FY 2021). Revenue: JP¥9.45b (up 17% from FY 2021). Net income: JP¥355.0m (down 63% from FY 2021). Profit margin: 3.8% (down from 12% in FY 2021). Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 21
Investor sentiment deteriorated over the past week After last week's 20% share price decline to JP¥912, the stock trades at a trailing P/E ratio of 11.9x. Average trailing P/E is 11x in the Machinery industry in Japan. Total returns to shareholders of 35% over the past three years. Reported Earnings • Sep 18
Full year 2022 earnings released: EPS: JP¥76.91 (vs JP¥209 in FY 2021) Full year 2022 results: EPS: JP¥76.91 (down from JP¥209 in FY 2021). Revenue: JP¥9.45b (up 17% from FY 2021). Net income: JP¥355.0m (down 63% from FY 2021). Profit margin: 3.8% (down from 12% in FY 2021). Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Announcement • Aug 27
SANNO Co., Ltd. to Report Fiscal Year 2022 Results on Sep 14, 2022 SANNO Co., Ltd. announced that they will report fiscal year 2022 results on Sep 14, 2022 Upcoming Dividend • Jul 21
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 28 July 2022. Payment date: 28 October 2022. Payout ratio is a comfortable 8.1% but the company is not cash flow positive. Trailing yield: 1.1%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (2.3%). Reported Earnings • Jun 15
Third quarter 2022 earnings released: EPS: JP¥23.17 (vs JP¥45.50 in 3Q 2021) Third quarter 2022 results: EPS: JP¥23.17 (down from JP¥45.50 in 3Q 2021). Revenue: JP¥2.35b (up 15% from 3Q 2021). Net income: JP¥107.0m (down 49% from 3Q 2021). Profit margin: 4.6% (down from 10% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment deteriorated over the past week After last week's 17% share price decline to JP¥1,004, the stock trades at a trailing P/E ratio of 8.3x. Average trailing P/E is 11x in the Machinery industry in Japan. Total returns to shareholders of 43% over the past three years. Announcement • Jun 08
SANNO Co., Ltd. to Report Q3, 2022 Results on Jun 14, 2022 SANNO Co., Ltd. announced that they will report Q3, 2022 results on Jun 14, 2022 Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 9 non-independent directors. Director Masanobu Higuchi was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improved over the past week After last week's 15% share price gain to JP¥1,331, the stock trades at a trailing P/E ratio of 11x. Average trailing P/E is 12x in the Machinery industry in Japan. Total returns to shareholders of 78% over the past three years. Reported Earnings • Mar 15
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Second quarter 2022 results: EPS: JP¥29.68 (down from JP¥156 in 2Q 2021). Revenue: JP¥2.22b (up 23% from 2Q 2021). Net income: JP¥137.0m (down 81% from 2Q 2021). Profit margin: 6.2% (down from 40% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Announcement • Feb 27
SANNO Co., Ltd. to Report Q2, 2022 Results on Mar 14, 2022 SANNO Co., Ltd. announced that they will report Q2, 2022 results on Mar 14, 2022 Valuation Update With 7 Day Price Move • Jan 25
Investor sentiment deteriorated over the past week After last week's 15% share price decline to JP¥1,118, the stock trades at a trailing P/E ratio of 4.5x. Average trailing P/E is 12x in the Machinery industry in Japan. Total returns to shareholders of 58% over the past three years. Reported Earnings • Dec 19
First quarter 2022 earnings: Revenues and EPS in line with analyst expectations First quarter 2022 results: EPS: JP¥39.44 (up from JP¥1.95 in 1Q 2021). Revenue: JP¥2.26b (up 13% from 1Q 2021). Net income: JP¥182.0m (up JP¥173.0m from 1Q 2021). Profit margin: 8.1% (up from 0.5% in 1Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 02
Full year 2021 earnings released: EPS JP¥209 (vs JP¥37.05 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥8.05b (up 1.3% from FY 2020). Net income: JP¥966.0m (up 465% from FY 2020). Profit margin: 12% (up from 2.2% in FY 2020). Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Reported Earnings • Sep 17
Full year 2021 earnings released: EPS JP¥209 (vs JP¥37.05 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥8.05b (up 1.3% from FY 2020). Net income: JP¥966.0m (up 465% from FY 2020). Profit margin: 12% (up from 2.2% in FY 2020). Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Sep 17
SANNO Co., Ltd. Provides Consolidated Earnings Guidance for the Six Months Ending January 2022 and Full Year Ending July 2022 SANNO Co., Ltd. provided consolidated earnings guidance for the six months ending January 2022 and full year ending July 2022. For the six months ending January 2022, the company expects net sales of JPY 4,080 million, operating profit of JPY 160 million, profit attributable to owners of parent of JPY 170 million and basic earnings per share of JPY 36.82.
For the year ending July 2022, the company expects net sales of JPY 8,380 million, Operating profit of JPY 300 million, Profit attributable to owners of parent of JPY 270 million and basic earnings per share of JPY 58.49. Valuation Update With 7 Day Price Move • Sep 13
Investor sentiment improved over the past week After last week's 22% share price gain to JP¥1,809, the stock trades at a trailing P/E ratio of 9.3x. Average trailing P/E is 15x in the Machinery industry in Japan. Total returns to shareholders of 49% over the past three years. Upcoming Dividend • Jul 22
Upcoming dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 29 July 2021. Payment date: 29 October 2021. Trailing yield: 0.4%. Lower than top quartile of Japanese dividend payers (3.0%). Lower than average of industry peers (1.5%). Reported Earnings • Jun 19
Third quarter 2021 earnings released: EPS JP¥45.50 (vs JP¥6.72 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥2.04b (up 3.0% from 3Q 2020). Net income: JP¥210.0m (up JP¥179.0m from 3Q 2020). Profit margin: 10% (up from 1.6% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment improved over the past week After last week's 19% share price gain to JP¥1,565, the stock trades at a trailing P/E ratio of 10.1x. Average trailing P/E is 17x in the Machinery industry in Japan. Total returns to shareholders of 29% over the past three years. 
