Reported Earnings • May 06
Full year 2026 earnings released: EPS: JP¥87.89 (vs JP¥98.86 in FY 2025) Full year 2026 results: EPS: JP¥87.89 (down from JP¥98.86 in FY 2025). Revenue: JP¥62.6b (up 1.7% from FY 2025). Net income: JP¥1.75b (down 11% from FY 2025). Profit margin: 2.8% (down from 3.2% in FY 2025). The decrease in margin was driven by higher expenses. 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 1% per year. Announcement • May 01
Alinco Incorporated, Annual General Meeting, Jun 18, 2026 Alinco Incorporated, Annual General Meeting, Jun 18, 2026. Announcement • Apr 22
Alinco Incorporated to Report Fiscal Year 2026 Results on May 01, 2026 Alinco Incorporated announced that they will report fiscal year 2026 results on May 01, 2026 Upcoming Dividend • Mar 11
Upcoming dividend of JP¥22.00 per share Eligible shareholders must have bought the stock before 18 March 2026. Payment date: 28 May 2026. Payout ratio is a comfortable 48% but the company is paying out more than the cash it is generating. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.6%). Reported Earnings • Feb 03
Third quarter 2026 earnings released: EPS: JP¥35.91 (vs JP¥37.62 in 3Q 2025) Third quarter 2026 results: EPS: JP¥35.91 (down from JP¥37.62 in 3Q 2025). Revenue: JP¥16.5b (flat on 3Q 2025). Net income: JP¥717.0m (down 3.9% from 3Q 2025). Profit margin: 4.3% (down from 4.6% in 3Q 2025). Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 2% per year. Declared Dividend • Jan 08
First half dividend of JP¥22.00 announced Shareholders will receive a dividend of JP¥22.00. Ex-date: 18th March 2026 Payment date: 28th May 2026 Dividend yield will be 3.9%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is covered by earnings (47% earnings payout ratio) but not covered by cash flows (dividend approximately 9x free cash flows). The dividend has increased by an average of 2.0% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 4.7% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Board Change • Jan 08
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, 3 were independent directors. The company's board is composed of: 4 independent directors. 8 non-independent directors. Independent Outside Director Naruo Korome was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Upcoming Dividend • Sep 11
Upcoming dividend of JP¥22.00 per share Eligible shareholders must have bought the stock before 18 September 2025. Payment date: 21 November 2025. Payout ratio is a comfortable 51% but the company is not cash flow positive. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.0%). Reported Earnings • Jul 21
First quarter 2026 earnings released: EPS: JP¥20.05 (vs JP¥33.92 in 1Q 2025) First quarter 2026 results: EPS: JP¥20.05 (down from JP¥33.92 in 1Q 2025). Revenue: JP¥15.4b (up 6.1% from 1Q 2025). Net income: JP¥399.0m (down 40% from 1Q 2025). Profit margin: 2.6% (down from 4.6% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Declared Dividend • Jul 18
Final dividend of JP¥22.00 announced Shareholders will receive a dividend of JP¥22.00. Ex-date: 18th September 2025 Payment date: 21st November 2025 Dividend yield will be 4.2%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is covered by earnings (43% 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 2.6% 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. The company's earnings per share (EPS) would need to decline by 52% to shift the payout ratio to a potentially unsustainable range, which is more than the 2.0% EPS decline seen over the last 5 years. Buy Or Sell Opportunity • Jul 11
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 8.3% to JP¥1,028. The fair value is estimated to be JP¥849, 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 grown by 29%. Reported Earnings • Jun 20
Full year 2025 earnings released: EPS: JP¥98.86 (vs JP¥101 in FY 2024) Full year 2025 results: EPS: JP¥98.86 (down from JP¥101 in FY 2024). Revenue: JP¥61.6b (up 6.4% from FY 2024). Net income: JP¥1.96b (down 1.5% from FY 2024). Profit margin: 3.2% (down from 3.4% in FY 2024). Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Jun 19
Now 20% overvalued Over the last 90 days, the stock has fallen 1.4% to JP¥1,037. The fair value is estimated to be JP¥862, 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 grown by 29%. Reported Earnings • May 03
Full year 2025 earnings released: EPS: JP¥98.86 (vs JP¥101 in FY 2024) Full year 2025 results: EPS: JP¥98.86 (down from JP¥101 in FY 2024). Revenue: JP¥61.6b (up 6.4% from FY 2024). Net income: JP¥1.96b (down 1.5% from FY 2024). Profit margin: 3.2% (down from 3.4% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • May 02
Alinco Incorporated, Annual General Meeting, Jun 18, 2025 Alinco Incorporated, Annual General Meeting, Jun 18, 2025. Upcoming Dividend • Mar 11
Upcoming dividend of JP¥22.00 per share Eligible shareholders must have bought the stock before 18 March 2025. Payment date: 29 May 2025. Payout ratio is a comfortable 45% but the company is not cash flow positive. Trailing yield: 4.2%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.2%). Announcement • Mar 04
Alinco Incorporated to Report Fiscal Year 2025 Results on May 02, 2025 Alinco Incorporated announced that they will report fiscal year 2025 results on May 02, 2025 Reported Earnings • Feb 04
Third quarter 2025 earnings released: EPS: JP¥37.62 (vs JP¥22.75 in 3Q 2024) Third quarter 2025 results: EPS: JP¥37.62 (up from JP¥22.75 in 3Q 2024). Revenue: JP¥16.4b (up 5.9% from 3Q 2024). Net income: JP¥746.0m (up 67% from 3Q 2024). Profit margin: 4.6% (up from 2.9% 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 33% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Declared Dividend • Nov 22
First half dividend of JP¥22.00 announced Shareholders will receive a dividend of JP¥22.00. Ex-date: 18th March 2025 Payment date: 29th May 2025 Dividend yield will be 4.4%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is covered by earnings (52% 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 2.6% 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. The company's earnings per share (EPS) would need to decline by 42% to shift the payout ratio to a potentially unsustainable range, which is more than the 6.7% EPS decline seen over the last 5 years. Reported Earnings • Oct 19
Second quarter 2025 earnings released: EPS: JP¥18.13 (vs JP¥29.80 in 2Q 2024) Second quarter 2025 results: EPS: JP¥18.13 (down from JP¥29.80 in 2Q 2024). Revenue: JP¥16.3b (up 8.0% from 2Q 2024). Net income: JP¥359.0m (down 39% from 2Q 2024). Profit margin: 2.2% (down from 3.9% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 12
Upcoming dividend of JP¥21.00 per share Eligible shareholders must have bought the stock before 19 September 2024. Payment date: 22 November 2024. Payout ratio is a comfortable 46% but the company is not cash flow positive. Trailing yield: 4.6%. Within top quartile of Japanese dividend payers (3.9%). Higher than average of industry peers (3.0%). Buy Or Sell Opportunity • Aug 06
Now 28% overvalued Over the last 90 days, the stock has fallen 9.8% to JP¥970. The fair value is estimated to be JP¥760, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.1% over the last 3 years. Earnings per share has grown by 21%. New Risk • Jul 22
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 25% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (6.3% operating cash flow to total debt). Earnings have declined by 4.7% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Declared Dividend • Jul 10
Final dividend of JP¥21.00 announced Shareholders will receive a dividend of JP¥21.00. Ex-date: 19th September 2024 Payment date: 22nd November 2024 Dividend yield will be 3.9%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is covered by earnings (37% 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 2.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 1.5% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Jun 28
Alinco Incorporated to Report Q1, 2025 Results on Jul 19, 2024 Alinco Incorporated announced that they will report Q1, 2025 results on Jul 19, 2024 Reported Earnings • Jun 25
Full year 2024 earnings released: EPS: JP¥101 (vs JP¥79.15 in FY 2023) Full year 2024 results: EPS: JP¥101 (up from JP¥79.15 in FY 2023). Revenue: JP¥57.9b (down 4.7% from FY 2023). Net income: JP¥1.99b (up 29% from FY 2023). Profit margin: 3.4% (up from 2.5% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 04
Full year 2024 earnings released: EPS: JP¥101 (vs JP¥79.15 in FY 2023) Full year 2024 results: EPS: JP¥101 (up from JP¥79.15 in FY 2023). Revenue: JP¥57.9b (down 4.7% from FY 2023). Net income: JP¥1.99b (up 29% from FY 2023). Profit margin: 3.4% (up from 2.5% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 15% 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 03
Alinco Incorporated, Annual General Meeting, Jun 19, 2024 Alinco Incorporated, Annual General Meeting, Jun 19, 2024. Announcement • Apr 05
Alinco Incorporated to Report Fiscal Year 2024 Results on May 02, 2024 Alinco Incorporated announced that they will report fiscal year 2024 results on May 02, 2024 Upcoming Dividend • Mar 11
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 18 March 2024. Payment date: 29 May 2024. Payout ratio is a comfortable 37% but the company is not cash flow positive. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.9%). Reported Earnings • Feb 04
Third quarter 2024 earnings released: EPS: JP¥22.75 (vs JP¥5.11 in 3Q 2023) Third quarter 2024 results: EPS: JP¥22.75 (up from JP¥5.11 in 3Q 2023). Revenue: JP¥15.5b (down 8.2% from 3Q 2023). Net income: JP¥448.0m (up 348% from 3Q 2023). Profit margin: 2.9% (up from 0.6% in 3Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Nov 30
Alinco Incorporated to Report Q3, 2024 Results on Feb 02, 2024 Alinco Incorporated announced that they will report Q3, 2024 results on Feb 02, 2024 Announcement • Nov 07
Alinco Incorporated Announces Dividend for the Second Quarter of Fiscal Year Ending March 20, 2024, Payable on November 22, 2023 and Provides Dividend Guidance for the Fiscal Year Ending March 20, 2024 Alinco Incorporated announced dividend for the second quarter of fiscal year ending March 20, 2024 and provided dividend guidance for the fiscal year ending March 20, 2024. For the second quarter, the company announced dividend of JPY 20.00 per share against JPY 20.00 per share paid a year ago. Payable on November 22, 2023. For the year, the company expected dividend of JPY 20.00 per share against JPY 20.00 per share paid a year ago. Reported Earnings • Oct 23
Second quarter 2024 earnings released: EPS: JP¥29.80 (vs JP¥31.66 in 2Q 2023) Second quarter 2024 results: EPS: JP¥29.80 (down from JP¥31.66 in 2Q 2023). Revenue: JP¥15.1b (down 2.3% from 2Q 2023). Net income: JP¥586.0m (down 5.2% from 2Q 2023). Profit margin: 3.9% (down from 4.0% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 6% per year. Upcoming Dividend • Sep 12
Upcoming dividend of JP¥20.00 per share at 3.7% yield Eligible shareholders must have bought the stock before 19 September 2023. Payment date: 22 November 2023. Payout ratio is a comfortable 43% but the company is not cash flow positive. Trailing yield: 3.7%. Within top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (2.2%). Announcement • Aug 30
Alinco Incorporated to Report Q2, 2024 Results on Oct 20, 2023 Alinco Incorporated announced that they will report Q2, 2024 results on Oct 20, 2023 Announcement • Aug 10
Alinco Incorporated Revises Earnings Guidance for the Second Quarter of Fiscal Year Ending March 20, 2024 Alinco Incorporated revised earnings guidance for the second quarter of fiscal year ending March 20, 2024. For the quarter,the company expects Net sales of JPY 29,900 million against previous forecasted guidance of JPY 29,900 million, Operating profit of JPY 1,450 million against previous forecasted guidance of JPY 1,080 million, Profit attributable to owners of parent of JPY 1,250 million against previous forecasted guidance of JPY 840 million, Basic earnings per share JPY 63.73 against previous forecasted guidance of JPY 42.84. Reported Earnings • Jul 22
First quarter 2024 earnings released: EPS: JP¥44.97 (vs JP¥31.04 in 1Q 2023) First quarter 2024 results: EPS: JP¥44.97 (up from JP¥31.04 in 1Q 2023). Revenue: JP¥14.1b (down 1.8% from 1Q 2023). Net income: JP¥882.0m (up 46% from 1Q 2023). Profit margin: 6.2% (up from 4.2% 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 10% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Announcement • Jun 24
Alinco Incorporated to Report Q1, 2024 Results on Jul 20, 2023 Alinco Incorporated announced that they will report Q1, 2024 results on Jul 20, 2023 Reported Earnings • Jun 22
Full year 2023 earnings released: EPS: JP¥79.15 (vs JP¥23.27 in FY 2022) Full year 2023 results: EPS: JP¥79.15 (up from JP¥23.27 in FY 2022). Revenue: JP¥60.7b (up 9.9% from FY 2022). Net income: JP¥1.55b (up 243% from FY 2022). Profit margin: 2.5% (up from 0.8% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Reported Earnings • May 04
Full year 2023 earnings released: EPS: JP¥79.15 (vs JP¥23.27 in FY 2022) Full year 2023 results: EPS: JP¥79.15 (up from JP¥23.27 in FY 2022). Revenue: JP¥60.7b (up 9.9% from FY 2022). Net income: JP¥1.55b (up 243% from FY 2022). Profit margin: 2.5% (up from 0.8% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Upcoming Dividend • Mar 10
Upcoming dividend of JP¥20.00 per share at 3.7% yield Eligible shareholders must have bought the stock before 17 March 2023. Payment date: 30 May 2023. Payout ratio is a comfortable 29% but the company is not cash flow positive. Trailing yield: 3.7%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (2.2%). Reported Earnings • Feb 03
Third quarter 2023 earnings released: EPS: JP¥5.11 (vs JP¥17.58 loss in 3Q 2022) Third quarter 2023 results: EPS: JP¥5.11 (up from JP¥17.58 loss in 3Q 2022). Revenue: JP¥16.8b (up 18% from 3Q 2022). Net income: JP¥100.0m (up JP¥441.0m from 3Q 2022). Profit margin: 0.6% (up from net loss in 3Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Announcement • Dec 01
Alinco Incorporated to Report Q3, 2023 Results on Feb 02, 2023 Alinco Incorporated announced that they will report Q3, 2023 results on Feb 02, 2023 Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 5 highly experienced directors. No independent directors (9 non-independent directors). GM - Electronic Division, Manager of Quality Assurance Dept of Electronic Division and Director Kazuhiro Kusuhara was the last 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: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Oct 21
Second quarter 2023 earnings released: EPS: JP¥31.66 (vs JP¥14.71 in 2Q 2022) Second quarter 2023 results: EPS: JP¥31.66 (up from JP¥14.71 in 2Q 2022). Revenue: JP¥15.4b (up 12% from 2Q 2022). Net income: JP¥618.0m (up 117% from 2Q 2022). Profit margin: 4.0% (up from 2.1% in 2Q 2022). 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 6% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Sep 09
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 16 September 2022. Payment date: 24 November 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 4.4%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.3%). Announcement • Aug 28
Alinco Incorporated to Report Q2, 2023 Results on Oct 20, 2022 Alinco Incorporated announced that they will report Q2, 2023 results on Oct 20, 2022 Reported Earnings • Jul 22
First quarter 2023 earnings released: EPS: JP¥31.04 (vs JP¥23.91 in 1Q 2022) First quarter 2023 results: EPS: JP¥31.04 (up from JP¥23.91 in 1Q 2022). Revenue: JP¥14.4b (up 11% from 1Q 2022). Net income: JP¥604.0m (up 31% from 1Q 2022). Profit margin: 4.2% (up from 3.6% in 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Reported Earnings • Jun 23
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: EPS: JP¥23.27 (down from JP¥85.28 in FY 2021). Revenue: JP¥55.3b (up 3.6% from FY 2021). Net income: JP¥451.0m (down 73% from FY 2021). Profit margin: 0.8% (down from 3.1% in FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 73%. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Announcement • Jun 01
Alinco Incorporated to Report Q1, 2023 Results on Jul 20, 2022 Alinco Incorporated announced that they will report Q1, 2023 results on Jul 20, 2022 Announcement • May 04
Alinco Incorporated, Annual General Meeting, Jun 17, 2022 Alinco Incorporated, Annual General Meeting, Jun 17, 2022. Reported Earnings • May 04
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: EPS: JP¥23.27 (down from JP¥85.28 in FY 2021). Revenue: JP¥55.3b (up 3.6% from FY 2021). Net income: JP¥451.0m (down 73% from FY 2021). Profit margin: 0.8% (down from 3.1% in FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 73%. Over the next year, revenue is forecast to grow 3.1%, compared to a 7.9% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Price Target Changed • Apr 27
Price target decreased to JP¥1,100 Down from JP¥1,400, the current price target is provided by 1 analyst. New target price is 32% above last closing price of JP¥831. Stock is down 16% over the past year. The company is forecast to post earnings per share of JP¥87.10 for next year compared to JP¥85.28 last year. Board Change • Apr 27
No independent directors 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. 4 highly experienced directors. No independent directors (9 non-independent directors). GM - Electronic Division, Manager of Quality Assurance Dept of Electronic Division and Director Kazuhiro Kusuhara was the last 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: Lack of independent directors. Insufficient board refreshment. Announcement • Apr 08
Alinco Incorporated to Report Fiscal Year 2022 Results on May 02, 2022 Alinco Incorporated announced that they will report fiscal year 2022 results on May 02, 2022 Upcoming Dividend • Mar 10
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 17 March 2022. Payment date: 28 May 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 4.6%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.2%). Reported Earnings • Feb 03
Third quarter 2022 earnings: EPS and revenues exceed analyst expectations Third quarter 2022 results: JP¥17.58 loss per share (down from JP¥39.33 profit in 3Q 2021). Revenue: JP¥14.3b (down 3.0% from 3Q 2021). Net loss: JP¥341.0m (down 145% from profit in 3Q 2021). Revenue exceeded analyst estimates by 2.8%. Earnings per share (EPS) missed analyst estimates. Over the next year, revenue is forecast to grow 3.7%, compared to a 8.6% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Reported Earnings • Oct 21
Second quarter 2022 earnings released: EPS JP¥14.71 (vs JP¥11.72 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥13.8b (up 5.2% from 2Q 2021). Net income: JP¥285.0m (up 25% from 2Q 2021). Profit margin: 2.1% (up from 1.7% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has increased by 1% per year. Upcoming Dividend • Sep 09
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 16 September 2021. Payment date: 24 November 2021. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (1.4%). Announcement • Sep 03
Alinco Incorporated Provides Consolidated Earnings Guidance for the First Half and Full Year of Fiscal Year Ending March 20, 2022 Alinco Incorporated provided consolidated earnings guidance for the first half and full year of fiscal year ending March 20, 2022. For the first half, the company expects net sales to be JPY 27,290 million. Operating profit to be JPY 1,400 million. Profit attributable to owners of parent to be JPY 1,010 million. Net income per share to be JPY 52.29.
For the full year, the company expects net sales to be JPY 56,030 million. Operating profit to be JPY 2,990 million. Profit attributable to owners of parent to be JPY 2,010 million. Net income per share to be JPY 104.06. Announcement • Aug 05
Alinco Incorporated (TSE:5933) agreed to acquire Higashi Electronics Industry Co., Ltd. Alinco Incorporated (TSE:5933) agreed to acquire Higashi Electronics Industry Co., Ltd. on August 4, 2021. After the acquisition of shares, Mr. Takayuki Higashi, the current director, will be appointed as the president and representative director. The transaction is expected to close on August 18, 2021. Reported Earnings • Jul 21
First quarter 2022 earnings released: EPS JP¥23.91 (vs JP¥18.81 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥12.9b (up 6.8% from 1Q 2021). Net income: JP¥462.0m (up 24% from 1Q 2021). Profit margin: 3.6% (up from 3.1% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 4% per year. Reported Earnings • Jun 24
Full year 2021 earnings released: EPS JP¥85.28 (vs JP¥109 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥53.3b (down 4.1% from FY 2020). Net income: JP¥1.66b (down 23% from FY 2020). Profit margin: 3.1% (down from 3.9% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 1% per year. Announcement • Jun 15
Alinco Incorporated Provides Earnings Guidance for the Fiscal Year 2021 to 2024 Alinco Incorporated provided earnings guidance for the fiscal year 2021 to 2024. For the fiscal 2021, the company targeted Net sales of JPY 53,341 million and Ordinary profit of JPY 2,874 million.
For the fiscal 2022, the company targeted Net sales of JPY 56,030 million and Ordinary profit of JPY 3,080 million.
For the fiscal 2024, the company targeted Net sales of JPY 61,000 million and Ordinary profit of JPY 4,270 million. Reported Earnings • May 05
Full year 2021 earnings released: EPS JP¥85.28 (vs JP¥109 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥53.3b (down 4.1% from FY 2020). Net income: JP¥1.66b (down 23% from FY 2020). Profit margin: 3.1% (down from 3.9% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 3% per year. Announcement • Apr 07
Alinco Incorporated Revises Earnings Guidance for the Year Ended March 20, 2021 Alinco Incorporated revised earnings guidance for the year ended March 20, 2021. For the year, the company expects net sales of JPY 53,340 million compared to Previous guidance of JPY 52,050 million, operating profit of JPY 2,530 million compared to previous guidance of JPY 2,050 million, profit attributable to owners of parent of JPY 1,600 million compared to previous guidance of JPY 1,380 million and earnings per share of JPY 82.84 compared to previous guidance of JPY 70.72 per share. Upcoming Dividend • Mar 11
Upcoming Dividend of JP¥19.00 Per Share Will be paid on the 29th of May to those who are registered shareholders by the 18th of March. The trailing yield of 3.7% is in the top quartile of Japanese dividend payers (2.8%), and it is higher than industry peers (1.2%). Is New 90 Day High Low • Mar 04
New 90-day high: JP¥997 The company is up 7.0% from its price of JP¥935 on 04 December 2020. The Japanese market is also up 7.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. Its price trend is also similar to the Machinery industry, which is up 7.0% over the same period. Announcement • Mar 03
Alinco Incorporated to Report Fiscal Year 2021 Results on Apr 30, 2021 Alinco Incorporated announced that they will report fiscal year 2021 results on Apr 30, 2021 Is New 90 Day High Low • Feb 05
New 90-day high: JP¥969 The company is up 6.0% from its price of JP¥910 on 06 November 2020. The Japanese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 16% over the same period. Reported Earnings • Feb 03
Third quarter 2021 earnings released: EPS JP¥39.33 (vs JP¥50.39 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: JP¥14.7b (up 2.9% from 3Q 2020). Net income: JP¥761.0m (down 24% from 3Q 2020). Profit margin: 5.2% (down from 7.0% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.