Announcement • Jun 01
Nihon Kogyo Co., Ltd. to Report Q1, 2027 Results on Jul 28, 2026 Nihon Kogyo Co., Ltd. announced that they will report Q1, 2027 results on Jul 28, 2026 New Risk • May 06
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 3.8% 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: Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (JP¥3.49b market cap, or US$22.1m). Announcement • Apr 29
Nihon Kogyo Co., Ltd., Annual General Meeting, Jun 23, 2026 Nihon Kogyo Co., Ltd., Annual General Meeting, Jun 23, 2026. Announcement • Apr 21
Nihon Kogyo Co., Ltd. to Report Fiscal Year 2026 Results on Apr 28, 2026 Nihon Kogyo Co., Ltd. announced that they will report fiscal year 2026 results on Apr 28, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥45.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 01 June 2026. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.4%). Reported Earnings • Jan 29
Third quarter 2026 earnings released: EPS: JP¥87.12 (vs JP¥82.67 in 3Q 2025) Third quarter 2026 results: EPS: JP¥87.12 (up from JP¥82.67 in 3Q 2025). Revenue: JP¥4.50b (up 7.5% from 3Q 2025). Net income: JP¥254.0m (up 5.8% from 3Q 2025). Profit margin: 5.6% (down from 5.7% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Announcement • Dec 02
Nihon Kogyo Co., Ltd. to Report Q3, 2026 Results on Jan 28, 2026 Nihon Kogyo Co., Ltd. announced that they will report Q3, 2026 results on Jan 28, 2026 Reported Earnings • Oct 30
Second quarter 2026 earnings released: EPS: JP¥15.80 (vs JP¥5.17 loss in 2Q 2025) Second quarter 2026 results: EPS: JP¥15.80 (up from JP¥5.17 loss in 2Q 2025). Revenue: JP¥3.80b (up 33% from 2Q 2025). Net income: JP¥46.0m (up JP¥61.0m from 2Q 2025). Profit margin: 1.2% (up from net loss in 2Q 2025). The move to profitability was driven by higher revenue. 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 24% per year, which means it is significantly lagging earnings growth. Announcement • Sep 14
Nihon Kogyo Co., Ltd. to Report Q2, 2026 Results on Oct 28, 2025 Nihon Kogyo Co., Ltd. announced that they will report Q2, 2026 results on Oct 28, 2025 Valuation Update With 7 Day Price Move • Sep 04
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥1,535, the stock trades at a trailing P/E ratio of 9.5x. Average trailing P/E is 12x in the Construction industry in Japan. Total returns to shareholders of 133% over the past three years. New Risk • Sep 03
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 7.7% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.7% average weekly change). Minor Risk Market cap is less than US$100m (JP¥4.38b market cap, or US$29.4m). Reported Earnings • Jul 30
First quarter 2026 earnings released: EPS: JP¥9.64 (vs JP¥16.58 loss in 1Q 2025) First quarter 2026 results: EPS: JP¥9.64 (up from JP¥16.58 loss in 1Q 2025). Revenue: JP¥3.06b (up 9.2% from 1Q 2025). Net income: JP¥28.0m (up JP¥76.0m from 1Q 2025). Profit margin: 0.9% (up from net loss in 1Q 2025). The move to profitability was driven by higher revenue. 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 21% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jun 27
Full year 2025 earnings released: EPS: JP¥135 (vs JP¥102 in FY 2024) Full year 2025 results: EPS: JP¥135 (up from JP¥102 in FY 2024). Revenue: JP¥14.7b (up 7.8% from FY 2024). Net income: JP¥393.0m (up 33% from FY 2024). Profit margin: 2.7% (up from 2.2% 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 15% per year whereas the company’s share price has increased by 18% per year. New Risk • Jun 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 7.5% 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 0.9% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Market cap is less than US$100m (JP¥3.56b market cap, or US$24.7m). Valuation Update With 7 Day Price Move • Jun 09
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to JP¥1,222, the stock trades at a trailing P/E ratio of 9x. Average trailing P/E is 11x in the Construction industry in Japan. Total returns to shareholders of 95% over the past three years. Announcement • May 31
Nihon Kogyo Co., Ltd. to Report Q1, 2026 Results on Jul 25, 2025 Nihon Kogyo Co., Ltd. announced that they will report Q1, 2026 results on Jul 25, 2025 Reported Earnings • Apr 29
Full year 2025 earnings released: EPS: JP¥135 (vs JP¥102 in FY 2024) Full year 2025 results: EPS: JP¥135 (up from JP¥102 in FY 2024). Revenue: JP¥14.7b (up 7.8% from FY 2024). Net income: JP¥393.0m (up 33% from FY 2024). Profit margin: 2.7% (up from 2.2% 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 15% per year whereas the company’s share price has increased by 10% per year. Announcement • Apr 28
Nihon Kogyo Co., Ltd., Annual General Meeting, Jun 20, 2025 Nihon Kogyo Co., Ltd., Annual General Meeting, Jun 20, 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: 02 June 2025. Payout ratio is a comfortable 23% but the company is not cash flow positive. Trailing yield: 3.4%. Lower than top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (3.3%). Announcement • Mar 01
Nihon Kogyo Co., Ltd. to Report Fiscal Year 2025 Results on Apr 28, 2025 Nihon Kogyo Co., Ltd. announced that they will report fiscal year 2025 results on Apr 28, 2025 Reported Earnings • Jan 27
Third quarter 2025 earnings released: EPS: JP¥82.67 (vs JP¥20.38 in 3Q 2024) Third quarter 2025 results: EPS: JP¥82.67 (up from JP¥20.38 in 3Q 2024). Revenue: JP¥4.19b (up 25% from 3Q 2024). Net income: JP¥240.0m (up 307% from 3Q 2024). Profit margin: 5.7% (up from 1.8% 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 2% per year whereas the company’s share price has increased by 4% per year. Announcement • Nov 30
Nihon Kogyo Co., Ltd. to Report Q3, 2025 Results on Jan 24, 2025 Nihon Kogyo Co., Ltd. announced that they will report Q3, 2025 results on Jan 24, 2025 New Risk • Oct 31
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 3.9% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 7.4% 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¥2.22b market cap, or US$14.5m). Reported Earnings • Oct 29
Second quarter 2025 earnings released: JP¥5.17 loss per share (vs JP¥6.22 profit in 2Q 2024) Second quarter 2025 results: JP¥5.17 loss per share (down from JP¥6.22 profit in 2Q 2024). Revenue: JP¥2.87b (down 6.0% from 2Q 2024). Net loss: JP¥15.0m (down 183% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • Aug 27
Nihon Kogyo Co., Ltd. to Report Q2, 2025 Results on Oct 28, 2024 Nihon Kogyo Co., Ltd. announced that they will report Q2, 2025 results on Oct 28, 2024 Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥712, the stock trades at a trailing P/E ratio of 8.8x. Average trailing P/E is 11x in the Construction industry in Japan. Total returns to shareholders of 4.9% over the past three years. Reported Earnings • Jul 28
First quarter 2025 earnings released: JP¥16.58 loss per share (vs JP¥4.83 profit in 1Q 2024) First quarter 2025 results: JP¥16.58 loss per share (down from JP¥4.83 profit in 1Q 2024). Revenue: JP¥2.80b (down 2.3% from 1Q 2024). Net loss: JP¥48.0m (down 443% from profit in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Reported Earnings • Jun 29
Full year 2024 earnings released: EPS: JP¥102 (vs JP¥68.39 in FY 2023) Full year 2024 results: EPS: JP¥102 (up from JP¥68.39 in FY 2023). Revenue: JP¥13.7b (up 21% from FY 2023). Net income: JP¥295.0m (up 49% from FY 2023). Profit margin: 2.2% (up from 1.7% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Announcement • Jun 02
Nihon Kogyo Co., Ltd. to Report Q1, 2025 Results on Jul 26, 2024 Nihon Kogyo Co., Ltd. announced that they will report Q1, 2025 results on Jul 26, 2024 Reported Earnings • May 01
Full year 2024 earnings released: EPS: JP¥102 (vs JP¥68.39 in FY 2023) Full year 2024 results: EPS: JP¥102 (up from JP¥68.39 in FY 2023). Revenue: JP¥13.7b (up 21% from FY 2023). Net income: JP¥295.0m (up 49% from FY 2023). Profit margin: 2.2% (up from 1.7% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 03 June 2024. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.2%). In line with average of industry peers (2.7%). Announcement • Mar 02
Nihon Kogyo Co., Ltd. to Report Fiscal Year 2024 Results on Apr 30, 2024 Nihon Kogyo Co., Ltd. announced that they will report fiscal year 2024 results on Apr 30, 2024 Reported Earnings • Jan 27
Third quarter 2024 earnings released: EPS: JP¥20.38 (vs JP¥51.45 in 3Q 2023) Third quarter 2024 results: EPS: JP¥20.38 (down from JP¥51.45 in 3Q 2023). Revenue: JP¥3.36b (up 4.7% from 3Q 2023). Net income: JP¥59.0m (down 60% from 3Q 2023). Profit margin: 1.8% (down from 4.6% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jan 26
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥950, the stock trades at a trailing P/E ratio of 10.8x. Average trailing P/E is 13x in the Construction industry in Japan. Total returns to shareholders of 45% over the past three years. Announcement • Dec 17
Nihon Kogyo Co., Ltd. to Report Q3, 2024 Results on Jan 26, 2024 Nihon Kogyo Co., Ltd. announced that they will report Q3, 2024 results on Jan 26, 2024 Reported Earnings • Oct 29
Second quarter 2024 earnings released: EPS: JP¥6.22 (vs JP¥5.87 loss in 2Q 2023) Second quarter 2024 results: EPS: JP¥6.22 (up from JP¥5.87 loss in 2Q 2023). Revenue: JP¥3.05b (up 27% from 2Q 2023). Net income: JP¥18.0m (up JP¥35.0m from 2Q 2023). Profit margin: 0.6% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Announcement • Aug 27
Nihon Kogyo Co., Ltd. to Report Q2, 2024 Results on Oct 27, 2023 Nihon Kogyo Co., Ltd. announced that they will report Q2, 2024 results on Oct 27, 2023 Reported Earnings • Jul 29
First quarter 2024 earnings released: EPS: JP¥4.83 (vs JP¥2.76 loss in 1Q 2023) First quarter 2024 results: EPS: JP¥4.83 (up from JP¥2.76 loss in 1Q 2023). Revenue: JP¥2.87b (up 28% from 1Q 2023). Net income: JP¥14.0m (up JP¥22.0m from 1Q 2023). Profit margin: 0.5% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Announcement • May 28
Nihon Kogyo Co., Ltd. to Report Q1, 2024 Results on Jul 28, 2023 Nihon Kogyo Co., Ltd. announced that they will report Q1, 2024 results on Jul 28, 2023 Reported Earnings • Apr 29
Full year 2023 earnings released: EPS: JP¥68.37 (vs JP¥94.30 in FY 2022) Full year 2023 results: EPS: JP¥68.37 (down from JP¥94.30 in FY 2022). Revenue: JP¥11.3b (down 3.7% from FY 2022). Net income: JP¥198.0m (down 28% from FY 2022). Profit margin: 1.7% (down from 2.3% in FY 2022). 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 but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥25.00 per share at 3.4% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 03 June 2023. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (3.6%). Reported Earnings • Jan 28
Third quarter 2023 earnings released: EPS: JP¥51.45 (vs JP¥36.95 in 3Q 2022) Third quarter 2023 results: EPS: JP¥51.45 (up from JP¥36.95 in 3Q 2022). Revenue: JP¥3.21b (flat on 3Q 2022). Net income: JP¥149.0m (up 39% from 3Q 2022). Profit margin: 4.6% (up from 3.4% in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 12% per year. Announcement • Dec 14
Nihon Kogyo Co., Ltd. (TSE:5279) agreed to acquire 80% stake in Hazuki Kogyo Co., Ltd. from Masaki Tagami, Tomoko Hirakawa. Nihon Kogyo Co., Ltd. (TSE:5279) agreed to acquire 80% stake in Hazuki Kogyo Co., Ltd. from Masaki Tagami, Tomoko Hirakawa on December 13, 2022. For period ended June 2022, Hazuki Kogyo reported total assets of ¥1.1 billion, Net worth of of ¥995 million, Sales of ¥1.6 billion, operating income of ¥110.6 million and Net income of ¥84.4 million. Transaction is expected to close on January 6, 2023. Announcement • Nov 27
Nihon Kogyo Co., Ltd. to Report Q3, 2023 Results on Jan 27, 2023 Nihon Kogyo Co., Ltd. announced that they will report Q3, 2023 results on Jan 27, 2023 Reported Earnings • Nov 20
Second quarter 2023 earnings released: JP¥5.87 loss per share (vs JP¥3.80 profit in 2Q 2022) Second quarter 2023 results: JP¥5.87 loss per share (down from JP¥3.80 profit in 2Q 2022). Revenue: JP¥2.40b (down 3.1% from 2Q 2022). Net loss: JP¥17.0m (down 255% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 5% per year and the company’s share price has also fallen by 5% per year. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Outside Director Wataru Shiraki was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 30
Second quarter 2023 earnings released: JP¥5.87 loss per share (vs JP¥3.80 profit in 2Q 2022) Second quarter 2023 results: JP¥5.87 loss per share (down from JP¥3.80 profit in 2Q 2022). Revenue: JP¥2.40b (down 3.1% from 2Q 2022). Net loss: JP¥17.0m (down 255% from profit in 2Q 2022). 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 6% per year. Announcement • Aug 28
Nihon Kogyo Co., Ltd. to Report Q2, 2023 Results on Oct 28, 2022 Nihon Kogyo Co., Ltd. announced that they will report Q2, 2023 results on Oct 28, 2022 Reported Earnings • Jul 31
First quarter 2023 earnings released: JP¥2.76 loss per share (vs JP¥15.88 profit in 1Q 2022) First quarter 2023 results: JP¥2.76 loss per share (down from JP¥15.88 profit in 1Q 2022). Revenue: JP¥2.24b (down 8.9% from 1Q 2022). Net loss: JP¥8.00m (down 117% from profit in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jun 26
Full year 2022 earnings released Full year 2022 results: Revenue: JP¥11.8b (down 3.8% from FY 2021). Net income: JP¥273.0m (down 17% from FY 2021). Profit margin: 2.3% (down from 2.7% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • May 30
Nihon Kogyo Co., Ltd. to Report Q1, 2023 Results on Jul 29, 2022 Nihon Kogyo Co., Ltd. announced that they will report Q1, 2023 results on Jul 29, 2022 Announcement • May 02
Nihon Kogyo Co., Ltd., Annual General Meeting, Jun 21, 2022 Nihon Kogyo Co., Ltd., Annual General Meeting, Jun 21, 2022. Reported Earnings • Apr 30
Full year 2022 earnings released: EPS: JP¥94.27 (vs JP¥113 in FY 2021) Full year 2022 results: EPS: JP¥94.27 (down from JP¥113 in FY 2021). Revenue: JP¥11.8b (down 3.8% from FY 2021). Net income: JP¥273.0m (down 17% from FY 2021). Profit margin: 2.3% (down from 2.7% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Outside Director Wataru Shiraki was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Announcement • Apr 08
Nihon Kogyo Co., Ltd. to Report Fiscal Year 2022 Results on Apr 28, 2022 Nihon Kogyo Co., Ltd. announced that they will report fiscal year 2022 results on Apr 28, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 04 June 2022. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.4%). In line with average of industry peers (3.1%). Reported Earnings • Jan 26
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥36.95 (down from JP¥48.34 in 3Q 2021). Revenue: JP¥3.19b (down 3.4% from 3Q 2021). Net income: JP¥107.0m (down 24% from 3Q 2021). Profit margin: 3.4% (down from 4.2% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Reported Earnings • Oct 28
Second quarter 2022 earnings released: EPS JP¥3.80 (vs JP¥6.22 loss in 2Q 2021) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2022 results: Revenue: JP¥2.48b (down 3.1% from 2Q 2021). Net income: JP¥11.0m (up JP¥29.0m from 2Q 2021). Profit margin: 0.4% (up from net loss in 2Q 2021). The move to profitability was driven by lower 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 1% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 07
Investor sentiment improved over the past week After last week's 19% share price gain to JP¥895, the stock trades at a trailing P/E ratio of 7.5x. Average trailing P/E is 9x in the Construction industry in Japan. Total returns to shareholders of 27% over the past three years. Reported Earnings • Aug 03
First quarter 2022 earnings released: EPS JP¥15.88 (vs JP¥10.01 in 1Q 2021) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2022 results: Revenue: JP¥2.46b (down 4.2% from 1Q 2021). Net income: JP¥46.0m (up 59% from 1Q 2021). Profit margin: 1.9% (up from 1.1% in 1Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 27
Full year 2021 earnings released: EPS JP¥113 (vs JP¥93.23 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥12.2b (down 2.9% from FY 2020). Net income: JP¥327.0m (up 21% from FY 2020). Profit margin: 2.7% (up from 2.1% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • May 01
Full year 2021 earnings released: EPS JP¥113 (vs JP¥93.23 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥12.2b (down 2.9% from FY 2020). Net income: JP¥327.0m (up 21% from FY 2020). Profit margin: 2.7% (up from 2.1% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 05 June 2021. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (2.7%). In line with average of industry peers (2.6%). Is New 90 Day High Low • Mar 05
New 90-day high: JP¥762 The company is up 6.0% from its price of JP¥718 on 04 December 2020. The Japanese market is also up 6.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Construction industry, which is up 7.0% over the same period. Announcement • Mar 04
Nihon Kogyo Co., Ltd. to Report Fiscal Year 2021 Results on Apr 28, 2021 Nihon Kogyo Co., Ltd. announced that they will report fiscal year 2021 results on Apr 28, 2021 Announcement • Jan 28
Nihon Kogyo Co., Ltd. (JASDAQ:5279) acquired remaining 40% stake in NIC Co., Ltd. from Shin Ibaraka Co., Ltd. Nihon Kogyo Co., Ltd. (JASDAQ:5279) acquired remaining 40% stake in NIC Co., Ltd. from Shin Ibaraka Co., Ltd. on January 26, 2021. The absorption-type merger method will be adopted with Nihon Kogyo Co., Ltd. as the surviving company and NIC Co., Ltd. as the extinguished company, and NIC Co., Ltd. will be dissolved on the effective date April 1, 2021. For the year ending March 31, 2020, total asset, net asset, revenue, operating profit and net profit was ¥369 million, ¥70 million, ¥1.02 billion, ¥13.5 million and ¥14.8 million respectively.
Nihon Kogyo Co., Ltd. (JASDAQ:5279) completed the acquisition of remaining 40% stake in NIC Co., Ltd. from Shin Ibaraka Co., Ltd. on January 26, 2021. Reported Earnings • Jan 28
Third quarter 2021 earnings released: EPS JP¥48.34 (vs JP¥35.22 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥3.30b (up 6.0% from 3Q 2020). Net income: JP¥140.0m (up 37% from 3Q 2020). Profit margin: 4.2% (up from 3.3% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Jan 26
New 90-day high: JP¥752 The company is up 1.0% from its price of JP¥743 on 28 October 2020. The Japanese market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 8.0% over the same period. Is New 90 Day High Low • Nov 17
New 90-day low: JP¥697 The company is down 5.0% from its price of JP¥731 on 19 August 2020. The Japanese market is up 7.0% 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. Reported Earnings • Oct 28
First half earnings released Over the last 12 months the company has reported total profits of JP¥200.0m, down 31% from the prior year. Total revenue was JP¥12.2b over the last 12 months, down 5.3% from the prior year. Announcement • Aug 30
Nihon Kogyo Co., Ltd. to Report Q2, 2021 Results on Oct 30, 2020 Nihon Kogyo Co., Ltd. announced that they will report Q2, 2021 results on Oct 30, 2020 Announcement • Aug 23
Nihon Kogyo Co., Ltd. (JASDAQ:5279) signed a basic agreement to acquire concrete secondary product manufacturing and sales business from Shin Ibachu, K.K. Nihon Kogyo Co., Ltd. (JASDAQ:5279) signed a basic agreement to acquire concrete secondary product manufacturing and sales business from Shin Ibachu, K.K. on August 21, 2020. The transaction is expected to close in April 2022. 
