Reported Earnings • Aug 01
First quarter 2027 earnings released: EPS: JP¥65.55 (vs JP¥64.14 in 1Q 2026) First quarter 2027 results: EPS: JP¥65.55 (up from JP¥64.14 in 1Q 2026). Revenue: JP¥12.4b (up 53% from 1Q 2026). Net income: JP¥1.02b (up 7.7% from 1Q 2026). Profit margin: 8.2% (down from 12% in 1Q 2026). Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Electrical industry in Japan. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Jul 25
Final dividend of JP¥25.00 announced Shareholders will receive a dividend of JP¥25.00. Ex-date: 29th September 2026 Payment date: 9th December 2026 Dividend yield will be 1.6%, which is lower than the industry average of 2.1%. Sustainability & Growth Dividend is well covered by both earnings (44% earnings payout ratio) and cash flows (45% cash payout ratio). The dividend has increased by an average of 16% 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. EPS is expected to grow by 92% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 28
Hirakawa Hewtech Corp. to Report Q1, 2027 Results on Jul 31, 2026 Hirakawa Hewtech Corp. announced that they will report Q1, 2027 results on Jul 31, 2026 Board Change • Jun 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. 3 non-independent directors. Outside Independent Director Yuko Yamamoto was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • May 18
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥3,735, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 19x in the Electrical industry in Japan. Total returns to shareholders of 197% over the past three years. New Risk • May 12
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.3% Last year net profit margin: 6.6% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.5% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.3% net profit margin). Reported Earnings • May 12
Full year 2026 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2026 results: EPS: JP¥111 (down from JP¥137 in FY 2025). Revenue: JP¥38.4b (up 25% from FY 2025). Net income: JP¥1.64b (down 19% from FY 2025). Profit margin: 4.3% (down from 6.6% in FY 2025). Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) missed analyst estimates by 56%. Revenue is forecast to grow 7.9% p.a. on average during the next 2 years, compared to a 7.1% growth forecast for the Electrical industry in Japan. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 42% per year, which means it is well ahead of earnings. Announcement • May 11
Hirakawa Hewtech Corp., Annual General Meeting, Jun 26, 2026 Hirakawa Hewtech Corp., Annual General Meeting, Jun 26, 2026. Announcement • May 09
Hirakawa Hewtech Corp. to Report Fiscal Year 2026 Results on May 11, 2026 Hirakawa Hewtech Corp. announced that they will report fiscal year 2026 results on May 11, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥24.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 09 June 2026. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (1.2%). New Risk • Feb 05
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 4.2% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 are forecast to decline by an average of 4.2% per year for the foreseeable future. Minor Risk Share price has been volatile over the past 3 months (7.1% average weekly change). Valuation Update With 7 Day Price Move • Feb 04
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to JP¥3,330, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 17x in the Electrical industry in Japan. Total returns to shareholders of 184% over the past three years. Declared Dividend • Dec 10
First half dividend increased to JP¥24.00 Dividend of JP¥24.00 is 4.3% higher than last year. Ex-date: 30th March 2026 Payment date: 9th June 2026 Dividend yield will be 1.6%, which is lower than the industry average of 2.1%. Sustainability & Growth Dividend is well covered by both earnings (25% earnings payout ratio) and cash flows (47% cash payout ratio). The dividend has increased by an average of 14% 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. EPS is expected to grow by 5.5% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Dec 02
Hirakawa Hewtech Corp. to Report Q3, 2026 Results on Feb 03, 2026 Hirakawa Hewtech Corp. announced that they will report Q3, 2026 results on Feb 03, 2026 Valuation Update With 7 Day Price Move • Nov 10
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to JP¥2,840, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 15x in the Electrical industry in Japan. Total returns to shareholders of 179% over the past three years. Reported Earnings • Nov 01
Second quarter 2026 earnings released: EPS: JP¥58.21 (vs JP¥19.93 in 2Q 2025) Second quarter 2026 results: EPS: JP¥58.21 (up from JP¥19.93 in 2Q 2025). Revenue: JP¥9.94b (up 26% from 2Q 2025). Net income: JP¥859.0m (up 207% from 2Q 2025). Profit margin: 8.6% (up from 3.5% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Electrical industry in Japan. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 28% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥23.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 10 December 2025. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.5%). Buy Or Sell Opportunity • Sep 17
Now 20% undervalued Over the last 90 days, the stock has risen 34% to JP¥1,990. The fair value is estimated to be JP¥2,501, 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 declined by 8.9%. Revenue is forecast to grow by 23% in 2 years. Earnings are forecast to grow by 18% in the next 2 years. Announcement • Sep 02
Hirakawa Hewtech Corp. to Report Q2, 2026 Results on Oct 31, 2025 Hirakawa Hewtech Corp. announced that they will report Q2, 2026 results on Oct 31, 2025 Buy Or Sell Opportunity • Aug 25
Now 23% undervalued Over the last 90 days, the stock has risen 31% to JP¥1,941. The fair value is estimated to be JP¥2,516, 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 declined by 8.9%. Revenue is forecast to grow by 23% in 2 years. Earnings are forecast to grow by 18% in the next 2 years. Reported Earnings • Aug 02
First quarter 2026 earnings released: EPS: JP¥64.14 (vs JP¥51.33 in 1Q 2025) First quarter 2026 results: EPS: JP¥64.14 (up from JP¥51.33 in 1Q 2025). Revenue: JP¥8.15b (flat on 1Q 2025). Net income: JP¥946.0m (up 31% from 1Q 2025). Profit margin: 12% (up from 8.9% in 1Q 2025). Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Electrical industry in Japan. 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 13% per year, which means it is well ahead of earnings. New Risk • Jul 17
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 0% Dividend yield: 3.0% 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 Shares are highly illiquid. Minor Risks Dividend is not well covered by cash flows (0% cash payout ratio). Shareholders have been diluted in the past year (25% increase in shares outstanding). Declared Dividend • Jul 09
Final dividend of JP¥23.00 announced Shareholders will receive a dividend of JP¥23.00. Ex-date: 29th September 2025 Payment date: 10th December 2025 Dividend yield will be 3.3%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is well covered by both earnings (26% earnings payout ratio) and cash flows (36% cash payout ratio). The dividend has increased by an average of 15% 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. EPS is expected to grow by 27% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • Jun 28
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 25% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Shareholders have been diluted in the past year (25% increase in shares outstanding). Announcement • Jun 27
Hirakawa Hewtech Corp. to Report Q1, 2026 Results on Jul 31, 2025 Hirakawa Hewtech Corp. announced that they will report Q1, 2026 results on Jul 31, 2025 Buy Or Sell Opportunity • Jun 24
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.9% to JP¥1,430. The fair value is estimated to be JP¥1,833, 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 declined by 5.7%. For the next 3 years, revenue is forecast to grow by 7.1% per annum. Earnings are also forecast to grow by 8.2% per annum over the same time period. Buy Or Sell Opportunity • Jun 03
Now 21% undervalued Over the last 90 days, the stock has risen 1.9% to JP¥1,473. The fair value is estimated to be JP¥1,875, 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 declined by 5.7%. For the next 3 years, revenue is forecast to grow by 7.1% per annum. Earnings are also forecast to grow by 8.2% per annum over the same time period. Reported Earnings • May 11
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: JP¥144 (up from JP¥103 in FY 2024). Revenue: JP¥30.8b (up 5.0% from FY 2024). Net income: JP¥2.03b (up 40% from FY 2024). Profit margin: 6.6% (up from 4.9% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 9.5%. Revenue is forecast to grow 4.9% p.a. on average during the next 2 years, compared to a 3.9% growth forecast for the Electrical industry in Japan. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Announcement • May 09
Hirakawa Hewtech Corp., Annual General Meeting, Jun 27, 2025 Hirakawa Hewtech Corp., Annual General Meeting, Jun 27, 2025. 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¥14.4b market cap, or US$98.6m). Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥1,164, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 11x in the Electrical industry in Japan. Total returns to shareholders of 14% over the past three years. Announcement • Mar 27
Hirakawa Hewtech Corp. to Report Fiscal Year 2025 Results on May 09, 2025 Hirakawa Hewtech Corp. announced that they will report fiscal year 2025 results on May 09, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥23.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 09 June 2025. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.9%). Reported Earnings • Feb 06
Third quarter 2025 earnings released: EPS: JP¥41.86 (vs JP¥10.89 in 3Q 2024) Third quarter 2025 results: EPS: JP¥41.86 (up from JP¥10.89 in 3Q 2024). Revenue: JP¥7.45b (down 7.9% from 3Q 2024). Net income: JP¥588.0m (up 284% from 3Q 2024). Profit margin: 7.9% (up from 1.9% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Electrical industry in Japan. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Announcement • Dec 12
Hirakawa Hewtech Corp. to Report Q3, 2025 Results on Feb 04, 2025 Hirakawa Hewtech Corp. announced that they will report Q3, 2025 results on Feb 04, 2025 Declared Dividend • Dec 11
First half dividend increased to JP¥23.00 Dividend of JP¥23.00 is 28% higher than last year. Ex-date: 28th March 2025 Payment date: 9th June 2025 Dividend yield will be 3.0%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is well covered by both earnings (32% earnings payout ratio) and cash flows (21% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 35% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • Nov 07
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: 2.5% 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. This is currently the only risk that has been identified for the company. Announcement • Nov 05
Hirakawa Hewtech Corp. Announces Dividend for the Second Quarter-End of the Fiscal Year Ending March 31, 2025, Payable on December 10, 2024 Hirakawa Hewtech Corp. announced dividend for the second quarter-end of the fiscal year ending March 31, 2025. For the period, the company announced dividend of JPY 22.00 per share against JPY 18.00 per share a year ago. Scheduled date to commence dividend payments is December 10, 2024. Reported Earnings • Nov 03
Second quarter 2025 earnings released: EPS: JP¥20.22 (vs JP¥6.83 in 2Q 2024) Second quarter 2025 results: EPS: JP¥20.22 (up from JP¥6.83 in 2Q 2024). Revenue: JP¥7.89b (up 11% from 2Q 2024). Net income: JP¥284.0m (up 196% from 2Q 2024). Profit margin: 3.6% (up from 1.4% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Electrical industry in Japan. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥22.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 09 December 2024. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.0%). Announcement • Aug 20
Hirakawa Hewtech Corp. to Report Q2, 2025 Results on Nov 01, 2024 Hirakawa Hewtech Corp. announced that they will report Q2, 2025 results on Nov 01, 2024 Reported Earnings • Aug 03
First quarter 2025 earnings released: EPS: JP¥51.33 (vs JP¥41.36 in 1Q 2024) First quarter 2025 results: EPS: JP¥51.33 (up from JP¥41.36 in 1Q 2024). Revenue: JP¥8.13b (up 14% from 1Q 2024). Net income: JP¥721.0m (up 24% from 1Q 2024). Profit margin: 8.9% (up from 8.1% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Electrical industry in Japan. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 6% per year. Declared Dividend • Jul 11
Final dividend of JP¥22.00 announced Shareholders will receive a dividend of JP¥22.00. Ex-date: 27th September 2024 Payment date: 9th December 2024 Dividend yield will be 2.8%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is well covered by both earnings (35% earnings payout ratio) and cash flows (20% cash payout ratio). The dividend has increased by an average of 15% 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. EPS is expected to grow by 44% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jul 07
Hirakawa Hewtech Corp. to Report Q1, 2025 Results on Aug 01, 2024 Hirakawa Hewtech Corp. announced that they will report Q1, 2025 results on Aug 01, 2024 Board Change • Jul 05
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. 3 non-independent directors. Outside Independent Director Tetsuro Toda was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • May 11
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: JP¥103 (down from JP¥210 in FY 2023). Revenue: JP¥29.3b (down 9.0% from FY 2023). Net income: JP¥1.44b (down 51% from FY 2023). Profit margin: 4.9% (down from 9.2% in FY 2023). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.0%. Revenue is forecast to grow 5.9% p.a. on average during the next 2 years, compared to a 4.1% growth forecast for the Electrical industry in Japan. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • May 11
Hirakawa Hewtech Corp., Annual General Meeting, Jun 27, 2024 Hirakawa Hewtech Corp., Annual General Meeting, Jun 27, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥18.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 12 June 2024. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.8%). Announcement • Mar 15
Hirakawa Hewtech Corp. to Report Fiscal Year 2024 Results on May 09, 2024 Hirakawa Hewtech Corp. announced that they will report fiscal year 2024 results on May 09, 2024 Announcement • Feb 05
Hirakawa Hewtech Corp. Provides Consolidated Earnings Guidance for the Year Ending March 31, 2024 Hirakawa Hewtech Corp. provided consolidated earnings guidance for the year ending March 31, 2024. For the period, the company expects net sales of ¥29,600 million; Operating profit of ¥1,850 million; Profit attributable to owners of parent of ¥1,350 million and earnings per share of ¥96.10. Reported Earnings • Feb 04
Third quarter 2024 earnings released: EPS: JP¥10.89 (vs JP¥54.46 in 3Q 2023) Third quarter 2024 results: EPS: JP¥10.89 (down from JP¥54.46 in 3Q 2023). Revenue: JP¥8.09b (down 6.9% from 3Q 2023). Net income: JP¥153.0m (down 80% from 3Q 2023). Profit margin: 1.9% (down from 8.8% in 3Q 2023). Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Electrical industry in Japan. 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 3% per year, which means it is significantly lagging earnings growth. Announcement • Nov 29
Hirakawa Hewtech Corp. to Report Q3, 2024 Results on Feb 02, 2024 Hirakawa Hewtech Corp. announced that they will report Q3, 2024 results on Feb 02, 2024 Reported Earnings • Nov 04
Second quarter 2024 earnings released: EPS: JP¥6.83 (vs JP¥35.60 in 2Q 2023) Second quarter 2024 results: EPS: JP¥6.83 (down from JP¥35.60 in 2Q 2023). Revenue: JP¥7.11b (down 14% from 2Q 2023). Net income: JP¥96.0m (down 81% from 2Q 2023). Profit margin: 1.4% (down from 6.0% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Electrical industry in Japan. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥18.00 per share at 2.5% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 08 December 2023. Payout ratio is a comfortable 19% but the company is not cash flow positive. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.9%). Announcement • Sep 17
Hirakawa Hewtech Corp. to Report Q2, 2024 Results on Nov 02, 2023 Hirakawa Hewtech Corp. announced that they will report Q2, 2024 results on Nov 02, 2023 Reported Earnings • Aug 02
First quarter 2024 earnings released: EPS: JP¥41.36 (vs JP¥66.21 in 1Q 2023) First quarter 2024 results: EPS: JP¥41.36 (down from JP¥66.21 in 1Q 2023). Revenue: JP¥7.15b (down 7.0% from 1Q 2023). Net income: JP¥581.0m (down 38% from 1Q 2023). Profit margin: 8.1% (down from 12% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Electrical industry in Japan. 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 25% per year, which means it is significantly lagging earnings growth. Announcement • Jun 01
Hirakawa Hewtech Corp. to Report Q1, 2024 Results on Aug 01, 2023 Hirakawa Hewtech Corp. announced that they will report Q1, 2024 results on Aug 01, 2023 Reported Earnings • May 12
Full year 2023 earnings released: EPS: JP¥210 (vs JP¥107 in FY 2022) Full year 2023 results: EPS: JP¥210 (up from JP¥107 in FY 2022). Revenue: JP¥32.2b (up 16% from FY 2022). Net income: JP¥2.96b (up 97% from FY 2022). Profit margin: 9.2% (up from 5.4% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.8% p.a. on average during the next 2 years, compared to a 4.3% growth forecast for the Electrical industry in Japan. 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 12% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥14.00 per share at 1.9% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 09 June 2023. Payout ratio is a comfortable 16% but the company is not cash flow positive. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (2.0%). Reported Earnings • Feb 04
Third quarter 2023 earnings released: EPS: JP¥54.88 (vs JP¥34.10 in 3Q 2022) Third quarter 2023 results: EPS: JP¥54.88 (up from JP¥34.10 in 3Q 2022). Revenue: JP¥8.69b (up 17% from 3Q 2022). Net income: JP¥771.0m (up 61% from 3Q 2022). Profit margin: 8.9% (up from 6.5% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Electrical industry in Japan. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Dec 28
Hirakawa Hewtech Corp. to Report Q3, 2023 Results on Feb 03, 2023 Hirakawa Hewtech Corp. announced that they will report Q3, 2023 results on Feb 03, 2023 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. 5 experienced directors. 3 highly experienced directors. 2 independent directors (3 non-independent directors). Outside Independent Director Tomiji Yusa 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.