Valuation Update With 7 Day Price Move • Jul 02
Investor sentiment deteriorates as stock falls 28% After last week's 28% share price decline to JP¥1,371, the stock trades at a trailing P/E ratio of 21.1x. Average trailing P/E is 15x in the Machinery industry in Japan. Total returns to shareholders of 128% over the past three years. Buy Or Sell Opportunity • Jun 18
Now 42% overvalued after recent price rise Over the last 90 days, the stock has risen 142% to JP¥1,840. The fair value is estimated to be JP¥1,292, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 5.4%. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥1,410, the stock trades at a trailing P/E ratio of 21.7x. Average trailing P/E is 14x in the Machinery industry in Japan. Total returns to shareholders of 143% over the past three years. Announcement • Jun 04
Nikkato Corporation to Report Q1, 2027 Results on Aug 03, 2026 Nikkato Corporation announced that they will report Q1, 2027 results on Aug 03, 2026 Valuation Update With 7 Day Price Move • May 26
Investor sentiment improves as stock rises 36% After last week's 36% share price gain to JP¥1,049, the stock trades at a trailing P/E ratio of 24.9x. Average trailing P/E is 14x in the Machinery industry in Japan. Total returns to shareholders of 97% over the past three years. New Risk • May 25
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 9.9% 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 Risks Latest financial reports are more than 1 year old (reported March 2025 fiscal period end). Share price has been highly volatile over the past 3 months (9.9% average weekly change). Revenue has declined by 1.6% over the past year. 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¥10.9b market cap, or US$68.3m). New Risk • May 02
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended March 2025. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported March 2025 fiscal period end). Revenue has declined by 1.6% over the past year. 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 (8.1% average weekly change). Market cap is less than US$100m (JP¥10.6b market cap, or US$67.7m). Announcement • May 01
Nikkato Corporation, Annual General Meeting, Jun 19, 2026 Nikkato Corporation, Annual General Meeting, Jun 19, 2026. Valuation Update With 7 Day Price Move • May 01
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥886, the stock trades at a trailing P/E ratio of 21x. Average trailing P/E is 15x in the Machinery industry in Japan. Total returns to shareholders of 60% over the past three years. Announcement • Apr 22
Nikkato Corporation to Report Fiscal Year 2026 Results on May 01, 2026 Nikkato Corporation announced that they will report fiscal year 2026 results on May 01, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥11.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 23 June 2026. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%). New Risk • Mar 04
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 5.8% 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 Revenue has declined by 1.6% over the past year. Minor Risks Latest financial reports are more than 6 months old (reported March 2025 fiscal period end). 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 (5.8% average weekly change). Market cap is less than US$100m (JP¥8.95b market cap, or US$57.0m). Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥778, the stock trades at a trailing P/E ratio of 18.5x. Average trailing P/E is 14x in the Machinery industry in Japan. Total returns to shareholders of 58% over the past three years. Announcement • Dec 24
Nikkato Corporation to Report Q3, 2026 Results on Feb 02, 2026 Nikkato Corporation announced that they will report Q3, 2026 results on Feb 02, 2026 Declared Dividend • Dec 02
Final dividend of JP¥11.00 announced Dividend of JP¥11.00 is the same as last year. Ex-date: 30th March 2026 Payment date: 23rd June 2026 Dividend yield will be 3.4%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is well covered by both earnings (50% earnings payout ratio) and cash flows (33% cash payout ratio). The dividend has decreased over the past 36 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 45% to shift the payout ratio to a potentially unsustainable range, which is more than the 5.6% EPS decline seen over the last 5 years. New Risk • Nov 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Revenue has declined by 1.6% over the past year. Minor Risks Latest financial reports are more than 6 months old (reported March 2025 fiscal period end). 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¥7.16b market cap, or US$46.3m). Upcoming Dividend • Sep 22
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 02 December 2025. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 3.7%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.0%). Announcement • Sep 09
Nikkato Corporation to Report Q2, 2026 Results on Nov 04, 2025 Nikkato Corporation announced that they will report Q2, 2026 results on Nov 04, 2025 Declared Dividend • Jul 09
Final dividend of JP¥10.00 announced Shareholders will receive a dividend of JP¥10.00. Ex-date: 29th September 2025 Payment date: 2nd December 2025 Dividend yield will be 4.1%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is well covered by both earnings (50% earnings payout ratio) and cash flows (33% cash payout ratio). The dividend has decreased over the past 26 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 45% to shift the payout ratio to a potentially unsustainable range, which is more than the 5.6% EPS decline seen over the last 5 years. Board Change • Jul 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 5 highly experienced directors. Independent Outside Director Eriko Tanabe was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Jun 12
Nikkato Corporation to Report Q1, 2026 Results on Aug 01, 2025 Nikkato Corporation announced that they will report Q1, 2026 results on Aug 01, 2025 New Risk • May 17
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended March 2024. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported March 2024 fiscal period end). Revenue has declined by 4.6% over the past year. 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¥6.21b market cap, or US$42.5m). Announcement • May 01
Nikkato Corporation, Annual General Meeting, Jun 20, 2025 Nikkato Corporation, Annual General Meeting, Jun 20, 2025. Announcement • Apr 11
Nikkato Corporation to Report Fiscal Year 2025 Results on May 01, 2025 Nikkato Corporation announced that they will report fiscal year 2025 results on May 01, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥11.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 24 June 2025. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.1%). Announcement • Dec 10
Nikkato Corporation to Report Q3, 2025 Results on Feb 03, 2025 Nikkato Corporation announced that they will report Q3, 2025 results on Feb 03, 2025 Declared Dividend • Dec 03
Final dividend of JP¥11.00 announced Shareholders will receive a dividend of JP¥11.00. Ex-date: 28th March 2025 Payment date: 24th June 2025 Dividend yield will be 4.0%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is covered by both earnings (41% earnings payout ratio) and cash flows (65% cash payout ratio). The dividend has decreased over the past 26 years, indicating a lack of growth and stability in payments. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend. New Risk • Dec 02
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Revenue has declined by 4.6% over the past year. Minor Risks Latest financial reports are more than 6 months old (reported March 2024 fiscal period end). 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¥6.21b market cap, or US$41.5m). Announcement • Oct 26
Nikkato Corporation to Report Q2, 2025 Results on Nov 01, 2024 Nikkato Corporation announced that they will report Q2, 2025 results on Nov 01, 2024 Upcoming Dividend • Sep 20
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.9%). 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¥482, the stock trades at a trailing P/E ratio of 8.2x. Average trailing P/E is 11x in the Machinery industry in Japan. Total loss to shareholders of 19% over the past three years. Declared Dividend • Jul 11
Final dividend of JP¥10.00 announced Shareholders will receive a dividend of JP¥10.00. Ex-date: 27th September 2024 Payment date: 2nd December 2024 Dividend yield will be 4.1%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is covered by both earnings (41% earnings payout ratio) and cash flows (65% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend. Announcement • Jun 30
Nikkato Corporation to Report Q1, 2025 Results on Aug 01, 2024 Nikkato Corporation announced that they will report Q1, 2025 results on Aug 01, 2024 New Risk • May 01
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended March 2023. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risk Latest financial reports are more than 1 year old (reported March 2023 fiscal period end). Minor Risks Short dividend paying track record (1 year of continuous dividend payments). Market cap is less than US$100m (JP¥7.07b market cap, or US$44.8m). Announcement • Apr 05
Nikkato Corporation to Report Fiscal Year 2024 Results on May 01, 2024 Nikkato Corporation announced that they will report fiscal year 2024 results on May 01, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥13.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 19 June 2024. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.9%). Announcement • Dec 29
Nikkato Corporation to Report Q3, 2024 Results on Feb 01, 2024 Nikkato Corporation announced that they will report Q3, 2024 results on Feb 01, 2024 Upcoming Dividend • Sep 21
Upcoming dividend of JP¥11.00 per share at 3.8% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 01 December 2023. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (2.1%). Announcement • Aug 31
Nikkato Corporation to Report Q2, 2024 Results on Nov 01, 2023 Nikkato Corporation announced that they will report Q2, 2024 results on Nov 01, 2023 Announcement • Jun 16
Nikkato Corporation to Report Q1, 2024 Results on Aug 01, 2023 Nikkato Corporation announced that they will report Q1, 2024 results on Aug 01, 2023 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥13.00 per share at 2.4% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 20 June 2023. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (2.4%). Announcement • Nov 30
Nikkato Corporation to Report Q3, 2023 Results on Feb 01, 2023 Nikkato Corporation announced that they will report Q3, 2023 results on Feb 01, 2023 Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 4 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Outside Director Eriko Tanabe was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥7.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 01 December 2022. Trailing yield: 3.4%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.4%). Announcement • Aug 31
Nikkato Corporation to Report Q2, 2023 Results on Nov 01, 2022 Nikkato Corporation announced that they will report Q2, 2023 results on Nov 01, 2022 Announcement • Jun 29
Nikkato Corporation to Report Q1, 2023 Results on Aug 01, 2022 Nikkato Corporation announced that they will report Q1, 2023 results on Aug 01, 2022 Announcement • May 12
Nikkato Corporation, Annual General Meeting, Jun 17, 2022 Nikkato Corporation, Annual General Meeting, Jun 17, 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. 6 experienced directors. 2 highly experienced directors. 2 independent directors (6 non-independent directors). Independent External Director Motoaki Nishimura 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
Nikkato Corporation to Report Fiscal Year 2022 Results on May 09, 2022 Nikkato Corporation announced that they will report fiscal year 2022 results on May 09, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥8.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 21 June 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (2.0%). Upcoming Dividend • Sep 22
Upcoming dividend of JP¥4.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 01 December 2021. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (1.4%). Upcoming Dividend • Mar 23
Upcoming dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 22 June 2021. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.1%). Is New 90 Day High Low • Feb 25
New 90-day low: JP¥695 The company is down 2.0% from its price of JP¥711 on 27 November 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 8.0% over the same period. Announcement • Jan 23
Nikkato Corporation to Report Q3, 2021 Results on Feb 01, 2021 Nikkato Corporation announced that they will report Q3, 2021 results on Feb 01, 2021 Is New 90 Day High Low • Jan 08
New 90-day high: JP¥868 The company is up 25% from its price of JP¥697 on 09 October 2020. The Japanese market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 18% over the same period. Is New 90 Day High Low • Dec 10
New 90-day high: JP¥805 The company is up 16% from its price of JP¥693 on 11 September 2020. The Japanese market is up 9.0% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Machinery industry, which is also up 16% over the same period.