Buy Or Sell Opportunity • May 15
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 32% to JP¥91.00. The fair value is estimated to be JP¥114, 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 4.0%. Reported Earnings • May 08
Full year 2026 earnings released: EPS: JP¥2.77 (vs JP¥1.93 in FY 2025) Full year 2026 results: EPS: JP¥2.77 (up from JP¥1.93 in FY 2025). Revenue: JP¥12.7b (up 7.8% from FY 2025). Net income: JP¥371.0m (up 43% from FY 2025). Profit margin: 2.9% (up from 2.2% in FY 2025). The increase in margin was driven by higher revenue. 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 14% per year, which means it is well ahead of earnings. Announcement • May 08
Wise Holdings Co.,Ltd. to Report Fiscal Year 2026 Results on May 07, 2026 Wise Holdings Co.,Ltd. announced that they will report fiscal year 2026 results on May 07, 2026 Announcement • May 07
Wise Holdings Co.,Ltd., Annual General Meeting, Jun 22, 2026 Wise Holdings Co.,Ltd., Annual General Meeting, Jun 22, 2026. New Risk • Mar 23
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥15.2b (US$95.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (14% average weekly change). Earnings have declined by 10.0% per year over the past 5 years. Minor Risk Market cap is less than US$100m (JP¥15.2b market cap, or US$95.9m). Upcoming Dividend • Mar 23
Upcoming dividend of JP¥1.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 08 June 2026. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (1.6%). Valuation Update With 7 Day Price Move • Feb 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥146, the stock trades at a trailing P/E ratio of 55.8x. Average trailing P/E is 15x in the Machinery industry in Japan. Total returns to shareholders of 127% over the past three years. Reported Earnings • Feb 03
Third quarter 2026 earnings released: EPS: JP¥0.80 (vs JP¥0.62 in 3Q 2025) Third quarter 2026 results: EPS: JP¥0.80 (up from JP¥0.62 in 3Q 2025). Revenue: JP¥3.21b (up 7.9% from 3Q 2025). Net income: JP¥107.0m (up 29% from 3Q 2025). Profit margin: 3.3% (up from 2.8% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. Announcement • Feb 03
Wise Holdings Co.,Ltd. (TSE:5955) announces an Equity Buyback for 550,000 shares, representing 0.41% for ¥50 million. Wise Holdings Co.,Ltd. (TSE:5955) announces a share repurchase program. Under the program, the company will repurchase up to 550,000 shares, representing 0.41% of its issued share capital, for ¥50 million. The company will repurchase its shares in order to improve the shareholder value per share and to implement a flexible capital policy in response to changes in the business environment. Portion of repurchased shares will be cancelled. The repurchase program is valid till March 31 , 2026. As of December 31, 2025, the company had 133,748,210 shares outstanding (excluding treasury shares) and had 9,863,555 shares in treasury. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment improves as stock rises 35% After last week's 35% share price gain to JP¥136, the stock trades at a trailing P/E ratio of 55.8x. Average trailing P/E is 14x in the Machinery industry in Japan. Total returns to shareholders of 111% over the past three years. Valuation Update With 7 Day Price Move • Jan 16
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to JP¥103, the stock trades at a trailing P/E ratio of 42.3x. Average trailing P/E is 14x in the Machinery industry in Japan. Total returns to shareholders of 67% over the past three years. New Risk • Jan 10
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 5.4% 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 7.5% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (5.4% average weekly change). Market cap is less than US$100m (JP¥11.5b market cap, or US$72.9m). Announcement • Dec 17
Wise Holdings Co.,Ltd. to Report Q3, 2026 Results on Feb 02, 2026 Wise Holdings Co.,Ltd. announced that they will report Q3, 2026 results on Feb 02, 2026 Reported Earnings • Nov 02
Second quarter 2026 earnings released: EPS: JP¥0.66 (vs JP¥0.44 in 2Q 2025) Second quarter 2026 results: EPS: JP¥0.66 (up from JP¥0.44 in 2Q 2025). Revenue: JP¥3.11b (up 4.5% from 2Q 2025). Net income: JP¥88.0m (up 49% from 2Q 2025). Profit margin: 2.8% (up from 2.0% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Announcement • Sep 27
Wise Holdings Co.,Ltd. to Report Q2, 2026 Results on Oct 31, 2025 Wise Holdings Co.,Ltd. announced that they will report Q2, 2026 results on Oct 31, 2025 Reported Earnings • Aug 02
First quarter 2026 earnings released: EPS: JP¥0.51 (vs JP¥0.23 in 1Q 2025) First quarter 2026 results: EPS: JP¥0.51 (up from JP¥0.23 in 1Q 2025). Revenue: JP¥3.03b (up 7.6% from 1Q 2025). Net income: JP¥68.0m (up 119% from 1Q 2025). Profit margin: 2.2% (up from 1.1% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Announcement • Jun 27
Wise Holdings Co.,Ltd. to Report Q1, 2026 Results on Jul 31, 2025 Wise Holdings Co.,Ltd. announced that they will report Q1, 2026 results on Jul 31, 2025 Reported Earnings • Jun 25
Full year 2025 earnings released: EPS: JP¥1.93 (vs JP¥1.82 in FY 2024) Full year 2025 results: EPS: JP¥1.93 (up from JP¥1.82 in FY 2024). Revenue: JP¥11.8b (down 2.9% from FY 2024). Net income: JP¥260.0m (up 6.1% from FY 2024). Profit margin: 2.2% (up from 2.0% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jun 20
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥89.00, the stock trades at a trailing P/E ratio of 45.9x. Average trailing P/E is 12x in the Machinery industry in Japan. Total returns to shareholders of 34% over the past three years. Reported Earnings • May 08
Full year 2025 earnings released: EPS: JP¥1.93 (vs JP¥1.82 in FY 2024) Full year 2025 results: EPS: JP¥1.93 (up from JP¥1.82 in FY 2024). Revenue: JP¥11.8b (down 2.9% from FY 2024). Net income: JP¥260.0m (up 6.1% from FY 2024). Profit margin: 2.2% (up from 2.0% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to JP¥60.00, the stock trades at a trailing P/E ratio of 30.1x. Average trailing P/E is 11x in the Machinery industry in Japan. Total loss to shareholders of 13% over the past three years. Announcement • Mar 27
Wise Holdings Co.,Ltd. to Report Fiscal Year 2025 Results on May 07, 2025 Wise Holdings Co.,Ltd. announced that they will report fiscal year 2025 results on May 07, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥1.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 09 June 2025. Payout ratio is a comfortable 50% and the cash payout ratio is 96%. Trailing yield: 1.2%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (2.1%). Reported Earnings • Feb 01
Third quarter 2025 earnings released: EPS: JP¥0.62 (vs JP¥0.32 in 3Q 2024) Third quarter 2025 results: EPS: JP¥0.62 (up from JP¥0.32 in 3Q 2024). Revenue: JP¥2.97b (down 6.9% from 3Q 2024). Net income: JP¥83.0m (up 93% from 3Q 2024). Profit margin: 2.8% (up from 1.3% in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Announcement • Dec 18
Wise Holdings Co.,Ltd. to Report Q3, 2025 Results on Jan 31, 2025 Wise Holdings Co.,Ltd. announced that they will report Q3, 2025 results on Jan 31, 2025 Reported Earnings • Nov 02
Second quarter 2025 earnings released: EPS: JP¥0.44 (vs JP¥0.45 in 2Q 2024) Second quarter 2025 results: EPS: JP¥0.44 (down from JP¥0.45 in 2Q 2024). Revenue: JP¥2.97b (flat on 2Q 2024). Net income: JP¥59.0m (down 3.3% from 2Q 2024). Profit margin: 2.0% (in line with 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 29% 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. Announcement • Sep 25
Yamashina Corporation to Report Q2, 2025 Results on Oct 31, 2024 Yamashina Corporation announced that they will report Q2, 2025 results on Oct 31, 2024 New Risk • Aug 05
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 6.5% 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 0.01% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.5% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.9% net profit margin). Market cap is less than US$100m (JP¥8.20b market cap, or US$57.6m). Reported Earnings • Aug 03
First quarter 2025 earnings released: EPS: JP¥0.23 (vs JP¥0.34 in 1Q 2024) First quarter 2025 results: EPS: JP¥0.23 (down from JP¥0.34 in 1Q 2024). Revenue: JP¥2.82b (down 8.4% from 1Q 2024). Net income: JP¥31.0m (down 33% from 1Q 2024). Profit margin: 1.1% (down from 1.5% in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 23% 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. Buy Or Sell Opportunity • Jul 25
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.3% to JP¥79.00. The fair value is estimated to be JP¥99.66, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.1% over the last 3 years. Earnings per share has declined by 13%. Announcement • Jun 26
Yamashina Corporation to Report Q1, 2025 Results on Jul 31, 2024 Yamashina Corporation announced that they will report Q1, 2025 results on Jul 31, 2024 Buy Or Sell Opportunity • May 29
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 7.3% to JP¥76.00. The fair value is estimated to be JP¥95.84, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.1% over the last 3 years. Earnings per share has declined by 13%. Announcement • May 09
Yamashina Corporation, Annual General Meeting, Jun 24, 2024 Yamashina Corporation, Annual General Meeting, Jun 24, 2024. Reported Earnings • May 08
Full year 2024 earnings released: EPS: JP¥1.82 (vs JP¥3.19 in FY 2023) Full year 2024 results: EPS: JP¥1.82 (down from JP¥3.19 in FY 2023). Revenue: JP¥12.2b (up 2.0% from FY 2023). Net income: JP¥245.0m (down 44% from FY 2023). Profit margin: 2.0% (down from 3.6% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • Mar 23
Yamashina Corporation to Report Fiscal Year 2024 Results on May 07, 2024 Yamashina Corporation announced that they will report fiscal year 2024 results on May 07, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥1.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 10 June 2024. Payout ratio is a comfortable 51% but the company is not cash flow positive. Trailing yield: 1.1%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (1.9%). New Risk • Mar 07
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 11% 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 (11% average weekly change). Minor Risk Profit margins are more than 30% lower than last year (2.2% net profit margin). Valuation Update With 7 Day Price Move • Mar 06
Investor sentiment improves as stock rises 42% After last week's 42% share price gain to JP¥118, the stock trades at a trailing P/E ratio of 59.6x. Average trailing P/E is 12x in the Machinery industry in Japan. Total returns to shareholders of 56% over the past three years. New Risk • Feb 02
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: 2.2% Last year net profit margin: 4.1% 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 Profit margins are more than 30% lower than last year (2.2% net profit margin). Market cap is less than US$100m (JP¥10.5b market cap, or US$71.7m). Reported Earnings • Feb 02
Third quarter 2024 earnings released: EPS: JP¥0.32 (vs JP¥1.19 in 3Q 2023) Third quarter 2024 results: EPS: JP¥0.32 (down from JP¥1.19 in 3Q 2023). Revenue: JP¥3.19b (flat on 3Q 2023). Net income: JP¥43.0m (down 73% from 3Q 2023). Profit margin: 1.3% (down from 5.0% in 3Q 2023). Over the last 3 years on average, earnings per share has remained flat and the company’s share price has also remained flat. Announcement • Dec 28
Yamashina Corporation to Report Q3, 2024 Results on Jan 31, 2024 Yamashina Corporation announced that they will report Q3, 2024 results on Jan 31, 2024 Reported Earnings • Nov 02
Second quarter 2024 earnings released: EPS: JP¥0.45 (vs JP¥0.48 in 2Q 2023) Second quarter 2024 results: EPS: JP¥0.45 (down from JP¥0.48 in 2Q 2023). Revenue: JP¥2.98b (up 4.9% from 2Q 2023). Net income: JP¥61.0m (down 7.6% from 2Q 2023). Profit margin: 2.0% (down from 2.3% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Nov 01
Yamashina Corporation (TSE:5955) announces an Equity Buyback for 600,000 shares, representing 0.44% for ¥50 million. Yamashina Corporation (TSE:5955) announces a share repurchase program. Under the program, the company will repurchase up to 600,000 shares, representing 0.44% of its issued share capital, for ¥50 million. The company will repurchase its shares in order to improve the shareholder value per share and to implement a flexible capital policy in response to changes in the business environment. The repurchase program is valid till January 31, 2024. As of September 30, 2023, the company had 135,006,455 shares outstanding (excluding treasury shares) and had 8,605,310 shares in treasury. Announcement • Sep 28
Yamashina Corporation to Report Q2, 2024 Results on Oct 31, 2023 Yamashina Corporation announced that they will report Q2, 2024 results on Oct 31, 2023 Reported Earnings • Aug 01
First quarter 2024 earnings released: EPS: JP¥0.34 (vs JP¥0.67 in 1Q 2023) First quarter 2024 results: EPS: JP¥0.34 (down from JP¥0.67 in 1Q 2023). Revenue: JP¥3.07b (up 12% from 1Q 2023). Net income: JP¥46.0m (down 50% from 1Q 2023). Profit margin: 1.5% (down from 3.3% in 1Q 2023). The decrease in margin was driven by higher expenses. 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 8% per year, which means it is significantly lagging earnings growth. Announcement • Jun 29
Yamashina Corporation to Report Q1, 2024 Results on Jul 31, 2023 Yamashina Corporation announced that they will report Q1, 2024 results on Jul 31, 2023 Valuation Update With 7 Day Price Move • May 25
Investor sentiment improves as stock rises 44% After last week's 44% share price gain to JP¥95.00, the stock trades at a trailing P/E ratio of 29.6x. Average trailing P/E is 11x in the Machinery industry in Japan. Total returns to shareholders of 55% over the past three years. Reported Earnings • May 09
Full year 2023 earnings released: EPS: JP¥3.19 (vs JP¥3.99 in FY 2022) Full year 2023 results: EPS: JP¥3.19 (down from JP¥3.99 in FY 2022). Revenue: JP¥11.9b (up 8.0% from FY 2022). Net income: JP¥434.0m (down 21% from FY 2022). Profit margin: 3.6% (down from 5.0% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥1.00 per share at 1.5% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 09 June 2023. Payout ratio is a comfortable 29% but the company is paying out more than the cash it is generating. Trailing yield: 1.5%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (2.4%). Announcement • Feb 01
Yamashina Corporation (TSE:5955) announces an Equity Buyback for 800,000 shares, representing 0.59% for ¥50 million. Yamashina Corporation (TSE:5955) announces a share repurchase program. Under the program, the company will repurchase up to 800,000 shares, representing 0.59% of its total shares outstanding (excluding treasury shares), for a total of ¥50 million. The company will repurchase its shares in order to improve the shareholder value per share and to implement a flexible capital policy in response to changes in the business environment. The repurchase program is valid till March 31, 2023. As of December 31, 2022, the company had 135,746,558 shares outstanding (excluding treasury shares) and had 7,865,207 shares in treasury. Reported Earnings • Feb 01
Third quarter 2023 earnings released: EPS: JP¥1.19 (vs JP¥0.98 in 3Q 2022) Third quarter 2023 results: EPS: JP¥1.19 (up from JP¥0.98 in 3Q 2022). Revenue: JP¥3.21b (up 14% from 3Q 2022). Net income: JP¥161.0m (up 20% from 3Q 2022). Profit margin: 5.0% (up from 4.8% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Dec 22
Yamashina Corporation to Report Q3, 2023 Results on Jan 31, 2023 Yamashina Corporation announced that they will report Q3, 2023 results on Jan 31, 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. 1 experienced director. 8 highly experienced directors. No independent directors (6 non-independent directors). General Manager of Production Division and Director Yuji Miyaura was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Nov 02
Second quarter 2023 earnings released: EPS: JP¥0.48 (vs JP¥0.78 in 2Q 2022) Second quarter 2023 results: EPS: JP¥0.48 (down from JP¥0.78 in 2Q 2022). Revenue: JP¥2.85b (up 5.8% from 2Q 2022). Net income: JP¥66.0m (down 38% from 2Q 2022). Profit margin: 2.3% (down from 4.0% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 02
First quarter 2023 earnings released: EPS: JP¥0.67 (vs JP¥1.10 in 1Q 2022) First quarter 2023 results: EPS: JP¥0.67 (down from JP¥1.10 in 1Q 2022). Revenue: JP¥2.75b (down 1.2% from 1Q 2022). Net income: JP¥91.0m (down 40% from 1Q 2022). Profit margin: 3.3% (down from 5.4% in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • May 11
Full year 2022 earnings released: EPS: JP¥3.99 (vs JP¥2.37 in FY 2021) Full year 2022 results: EPS: JP¥3.99 (up from JP¥2.37 in FY 2021). Revenue: JP¥11.0b (up 18% from FY 2021). Net income: JP¥548.0m (up 68% from FY 2021). Profit margin: 5.0% (up from 3.5% in FY 2021). 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 but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. 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. 4 experienced directors. 5 highly experienced directors. No independent directors (6 non-independent directors). General Manager of Production Division and Director Yuji Miyaura was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥1.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 11 June 2022. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (2.0%). Reported Earnings • Feb 02
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥0.98 (up from JP¥0.73 in 3Q 2021). Revenue: JP¥2.80b (up 14% from 3Q 2021). Net income: JP¥134.0m (up 34% from 3Q 2021). Profit margin: 4.8% (up from 4.1% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has remained flat and the company’s share price has also remained flat. Reported Earnings • Nov 02
Second quarter 2022 earnings released: EPS JP¥0.78 (vs JP¥0.26 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥2.69b (up 25% from 2Q 2021). Net income: JP¥107.0m (up 197% from 2Q 2021). Profit margin: 4.0% (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 14% 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 • Aug 05
First quarter 2022 earnings released: EPS JP¥1.10 (vs JP¥0.28 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥2.78b (up 35% from 1Q 2021). Net income: JP¥151.0m (up 297% from 1Q 2021). Profit margin: 5.4% (up from 1.8% 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 25% 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. Reported Earnings • May 12
Full year 2021 earnings released: EPS JP¥2.37 (vs JP¥2.50 in FY 2020) The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2021 results: Revenue: JP¥9.33b (down 2.0% from FY 2020). Net income: JP¥327.0m (down 5.2% from FY 2020). Profit margin: 3.5% (in line with FY 2020). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥1.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 05 June 2021. Trailing yield: 1.3%. 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 09
New 90-day high: JP¥80.00 The company is up 18% from its price of JP¥68.00 on 11 November 2020. The Japanese market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 16% over the same period. Reported Earnings • Feb 02
Third quarter 2021 earnings released: EPS JP¥0.73 (vs JP¥0.52 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥2.46b (up 3.9% from 3Q 2020). Net income: JP¥100.0m (up 41% from 3Q 2020). Profit margin: 4.1% (up from 3.0% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. 