Reported Earnings • 23h
Second quarter 2026 earnings released: EPS: JP¥16.50 (vs JP¥17.39 in 2Q 2025) Second quarter 2026 results: EPS: JP¥16.50 (down from JP¥17.39 in 2Q 2025). Revenue: JP¥12.8b (up 3.9% from 2Q 2025). Net income: JP¥599.0m (down 5.0% from 2Q 2025). Profit margin: 4.7% (down from 5.1% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 11% per year. Announcement • Jun 28
Nittoseiko Co.,Ltd. to Report Q2, 2026 Results on Aug 07, 2026 Nittoseiko Co.,Ltd. announced that they will report Q2, 2026 results on Aug 07, 2026 Upcoming Dividend • Jun 22
Upcoming dividend of JP¥12.00 per share Eligible shareholders must have bought the stock before 29 June 2026. Payment date: 08 September 2026. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.9%). Higher than average of industry peers (1.6%). Reported Earnings • May 15
First quarter 2026 earnings released: EPS: JP¥16.64 (vs JP¥6.69 in 1Q 2025) First quarter 2026 results: EPS: JP¥16.64 (up from JP¥6.69 in 1Q 2025). Revenue: JP¥12.6b (up 8.8% from 1Q 2025). Net income: JP¥604.0m (up 149% from 1Q 2025). Profit margin: 4.8% (up from 2.1% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 8% per year. Declared Dividend • Apr 11
Final dividend of JP¥12.00 announced Shareholders will receive a dividend of JP¥12.00. Ex-date: 29th June 2026 Payment date: 8th September 2026 Dividend yield will be 3.2%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is covered by both earnings (35% earnings payout ratio) and cash flows (73% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 50% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 04
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: EPS: JP¥59.33 (down from JP¥60.16 in FY 2024). Revenue: JP¥50.2b (up 6.7% from FY 2024). Net income: JP¥2.15b (down 2.1% from FY 2024). Profit margin: 4.3% (down from 4.7% in FY 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) missed analyst estimates by 14%. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 13% per year. Major Estimate Revision • Mar 04
Consensus EPS estimates fall by 18%, revenue upgraded The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from JP¥51.7b to JP¥52.5b. EPS estimate fell from JP¥79.90 to JP¥65.80 per share. Net income forecast to grow 11% next year vs 10% growth forecast for Machinery industry in Japan. Consensus price target up from JP¥700 to JP¥900. Share price fell 4.4% to JP¥744 over the past week. Price Target Changed • Mar 04
Price target increased by 29% to JP¥900 Up from JP¥700, the current price target is provided by 1 analyst. New target price is 21% above last closing price of JP¥744. Stock is up 28% over the past year. The company is forecast to post earnings per share of JP¥65.80 for next year compared to JP¥59.34 last year. Reported Earnings • Feb 11
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: EPS: JP¥59.33 (down from JP¥60.16 in FY 2024). Revenue: JP¥50.2b (up 6.7% from FY 2024). Net income: JP¥2.15b (down 2.1% from FY 2024). Profit margin: 4.3% (down from 4.7% in FY 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) missed analyst estimates by 14%. Revenue is forecast to grow 3.2% p.a. on average during the next 2 years, compared to a 5.1% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 10
Nittoseiko Co.,Ltd., Annual General Meeting, Mar 26, 2026 Nittoseiko Co.,Ltd., Annual General Meeting, Mar 26, 2026. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 30 March 2026. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.9%). Announcement • Dec 04
Nittoseiko Co.,Ltd. to Report Fiscal Year 2025 Results on Feb 10, 2026 Nittoseiko Co.,Ltd. announced that they will report fiscal year 2025 results at 3:00 PM, Tokyo Standard Time on Feb 10, 2026 Reported Earnings • Nov 17
Third quarter 2025 earnings released: EPS: JP¥12.38 (vs JP¥12.61 in 3Q 2024) Third quarter 2025 results: EPS: JP¥12.38 (down from JP¥12.61 in 3Q 2024). Revenue: JP¥12.1b (up 4.4% from 3Q 2024). Net income: JP¥449.0m (down 2.6% from 3Q 2024). Profit margin: 3.7% (down from 4.0% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Machinery 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 9% per year. Declared Dividend • Sep 09
First half dividend of JP¥10.00 announced Shareholders will receive a dividend of JP¥10.00. Ex-date: 29th December 2025 Payment date: 30th March 2026 Dividend yield will be 3.1%, 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 (29% cash payout ratio). The dividend has increased by an average of 9.6% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 69% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Sep 01
Nittoseiko Co.,Ltd. to Report Q3, 2025 Results on Nov 13, 2025 Nittoseiko Co.,Ltd. announced that they will report Q3, 2025 results on Nov 13, 2025 Reported Earnings • Aug 15
Second quarter 2025 earnings released: EPS: JP¥17.40 (vs JP¥14.64 in 2Q 2024) Second quarter 2025 results: EPS: JP¥17.40 (up from JP¥14.64 in 2Q 2024). Revenue: JP¥12.3b (up 5.2% from 2Q 2024). Net income: JP¥630.8m (up 18% from 2Q 2024). Profit margin: 5.1% (up from 4.6% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 5% per year. Upcoming Dividend • Jun 20
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 27 June 2025. Payment date: 09 September 2025. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of Japanese dividend payers (4.0%). Higher than average of industry peers (2.2%). Announcement • Jun 05
Nittoseiko Co.,Ltd. to Report Q2, 2025 Results on Aug 12, 2025 Nittoseiko Co.,Ltd. announced that they will report Q2, 2025 results on Aug 12, 2025 Reported Earnings • May 17
First quarter 2025 earnings released: EPS: JP¥6.68 (vs JP¥12.92 in 1Q 2024) First quarter 2025 results: EPS: JP¥6.68 (down from JP¥12.92 in 1Q 2024). Revenue: JP¥11.6b (up 8.0% from 1Q 2024). Net income: JP¥242.0m (down 49% from 1Q 2024). Profit margin: 2.1% (down from 4.4% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 5% per year. Declared Dividend • Apr 11
Final dividend of JP¥10.00 announced Shareholders will receive a dividend of JP¥10.00. Ex-date: 27th June 2025 Payment date: 9th September 2025 Dividend yield will be 3.6%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is well covered by both earnings (33% earnings payout ratio) and cash flows (26% cash payout ratio). The dividend has increased by an average of 9.6% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 45% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Mar 27
Nittoseiko Co.,Ltd. to Report Q1, 2025 Results on May 13, 2025 Nittoseiko Co.,Ltd. announced that they will report Q1, 2025 results on May 13, 2025 Major Estimate Revision • Mar 11
Consensus EPS estimates fall by 16% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from JP¥74.45 to JP¥62.90 per share. Revenue forecast steady at JP¥49.9b. Net income forecast to grow 3.7% next year vs 8.2% growth forecast for Machinery industry in Japan. Consensus price target broadly unchanged at JP¥690. Share price was steady at JP¥590 over the past week. Reported Earnings • Feb 08
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: EPS: JP¥60.16 (up from JP¥46.93 in FY 2023). Revenue: JP¥47.1b (up 5.2% from FY 2023). Net income: JP¥2.20b (up 27% from FY 2023). Profit margin: 4.7% (up from 3.9% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) missed analyst estimates by 7.5%. Revenue is forecast to grow 5.0% p.a. on average during the next 2 years, compared to a 4.7% growth forecast for the Machinery industry in Japan. 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 2% per year. Announcement • Feb 07
Nittoseiko Co.,Ltd., Annual General Meeting, Mar 27, 2025 Nittoseiko Co.,Ltd., Annual General Meeting, Mar 27, 2025. Upcoming Dividend • Dec 20
Upcoming dividend of JP¥9.50 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 28 March 2025. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.3%). Announcement • Dec 12
Nittoseiko Co.,Ltd. to Report Fiscal Year 2024 Results on Feb 07, 2025 Nittoseiko Co.,Ltd. announced that they will report fiscal year 2024 results on Feb 07, 2025 Announcement • Nov 28
Nittoseiko Co.,Ltd. (TSE:5957) announces an Equity Buyback for 400,000 shares, representing 1.07% for ¥300 million. Nittoseiko Co.,Ltd. (TSE:5957) announces a share repurchase program. Under the program, the company will repurchase up to 400,000 shares, representing 1.07% of its total shares outstanding excluding treasury shares, for a total of ¥300 million. The purpose of repurchase program is to enhance shareholder returns, improve capital efficiency and to provide flexible resources that respond to changes in the business environment. The repurchase program is valid till December 23, 2024. As of October 31, 2024, the company had 37,252,399 shares outstanding excluding treasury shares and had 2,732,618 shares in treasury. Reported Earnings • Nov 19
Third quarter 2024 earnings released: EPS: JP¥12.59 (vs JP¥7.82 in 3Q 2023) Third quarter 2024 results: EPS: JP¥12.59 (up from JP¥7.82 in 3Q 2023). Revenue: JP¥11.6b (up 7.9% from 3Q 2023). Net income: JP¥460.0m (up 59% from 3Q 2023). Profit margin: 4.0% (up from 2.7% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 2% per year. Announcement • Aug 31
Nittoseiko Co.,Ltd. to Report Q3, 2024 Results on Nov 13, 2024 Nittoseiko Co.,Ltd. announced that they will report Q3, 2024 results on Nov 13, 2024 Reported Earnings • Aug 13
Second quarter 2024 earnings released: EPS: JP¥14.64 (vs JP¥10.66 in 2Q 2023) Second quarter 2024 results: EPS: JP¥14.64 (up from JP¥10.66 in 2Q 2023). Revenue: JP¥11.7b (up 1.2% from 2Q 2023). Net income: JP¥535.0m (up 36% from 2Q 2023). Profit margin: 4.6% (up from 3.4% in 2Q 2023). Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 7% per year. Declared Dividend • Aug 10
Dividend of JP¥9.50 announced Shareholders will receive a dividend of JP¥9.50. Ex-date: 27th December 2024 Payment date: 28th March 2025 Dividend yield will be 3.6%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is well covered by both earnings (38% earnings payout ratio) and cash flows (34% cash payout ratio). The dividend has increased by an average of 9.0% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 74% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to JP¥481, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 12x in the Machinery industry in Japan. Total loss to shareholders of 15% over the past three years. New Risk • Aug 02
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: 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 (5.4% average weekly change). Valuation Update With 7 Day Price Move • Jul 10
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥703, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 14x in the Machinery industry in Japan. Total returns to shareholders of 24% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥901 per share. Reported Earnings • May 16
First quarter 2024 earnings released: EPS: JP¥12.92 (vs JP¥11.88 in 1Q 2023) First quarter 2024 results: EPS: JP¥12.92 (up from JP¥11.88 in 1Q 2023). Revenue: JP¥10.7b (down 1.8% from 1Q 2023). Net income: JP¥472.0m (up 7.5% from 1Q 2023). Profit margin: 4.4% (up from 4.0% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 3% per year. Buy Or Sell Opportunity • May 08
Now 20% undervalued Over the last 90 days, the stock has risen 12% to JP¥621. The fair value is estimated to be JP¥777, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.8% over the last 3 years. Earnings per share has grown by 9.2%. For the next 3 years, revenue is forecast to grow by 6.7% per annum. Earnings are also forecast to grow by 18% per annum over the same time period. Declared Dividend • Apr 11
Final dividend of JP¥9.50 announced Shareholders will receive a dividend of JP¥9.50. Ex-date: 27th June 2024 Payment date: 9th September 2024 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 (42% earnings payout ratio) and cash flows (34% cash payout ratio). The dividend has increased by an average of 9.0% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 64% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Apr 05
Now 20% undervalued Over the last 90 days, the stock has risen 15% to JP¥619. The fair value is estimated to be JP¥778, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.8% over the last 3 years. Earnings per share has grown by 9.2%. For the next 3 years, revenue is forecast to grow by 6.7% per annum. Earnings are also forecast to grow by 18% per annum over the same time period. Price Target Changed • Mar 14
Price target increased by 7.8% to JP¥690 Up from JP¥640, the current price target is provided by 1 analyst. New target price is 14% above last closing price of JP¥604. Stock is up 15% over the past year. The company is forecast to post earnings per share of JP¥60.20 for next year compared to JP¥46.95 last year. Announcement • Feb 15
Nittoseiko Co.,Ltd., Annual General Meeting, Mar 27, 2024 Nittoseiko Co.,Ltd., Annual General Meeting, Mar 27, 2024. Reported Earnings • Feb 15
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: JP¥46.93 (down from JP¥49.48 in FY 2022). Revenue: JP¥44.7b (up 1.6% from FY 2022). Net income: JP¥1.73b (down 5.1% from FY 2022). Profit margin: 3.9% (down from 4.2% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 8.4%. Revenue is forecast to grow 6.5% p.a. on average during the next 2 years, compared to a 4.3% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 5% per year. Major Estimate Revision • Dec 21
Consensus EPS estimates fall by 20% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from JP¥45.7b to JP¥44.8b. EPS estimate also fell from JP¥54.25 per share to JP¥43.30 per share. Net income forecast to grow 42% next year vs 7.5% growth forecast for Machinery industry in Japan. Consensus price target of JP¥670 unchanged from last update. Share price was steady at JP¥524 over the past week. Announcement • Dec 05
Nittoseiko Co.,Ltd. to Report Fiscal Year 2023 Results on Feb 13, 2024 Nittoseiko Co.,Ltd. announced that they will report fiscal year 2023 results on Feb 13, 2024 Reported Earnings • Nov 19
Third quarter 2023 earnings released: EPS: JP¥7.82 (vs JP¥17.03 in 3Q 2022) Third quarter 2023 results: EPS: JP¥7.82 (down from JP¥17.03 in 3Q 2022). Revenue: JP¥10.8b (down 5.3% from 3Q 2022). Net income: JP¥289.0m (down 54% from 3Q 2022). Profit margin: 2.7% (down from 5.5% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Machinery 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 only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Nov 17
Nittoseiko Co.,Ltd. (TSE:5957) announces an Equity Buyback for 400,000 shares, representing 1.06% for ¥300 million. Nittoseiko Co.,Ltd. (TSE:5957) announces a share repurchase program. Under the program, the company will repurchase up to 400,000 shares, representing 1.06% of its total shares outstanding excluding treasury shares, for a total of ¥300 million. The purpose of repurchase program is to enhance shareholder returns, improve capital efficiency and to provide flexible resources that respond to changes in the business environment. The repurchase program is valid till December 22, 2023. As of October 31, 2023, the company had 37,652,623 shares outstanding excluding treasury shares and had 2,332,394 shares in treasury. Announcement • Aug 27
Nittoseiko Co.,Ltd. to Report Q3, 2023 Results on Nov 14, 2023 Nittoseiko Co.,Ltd. announced that they will report Q3, 2023 results on Nov 14, 2023 Reported Earnings • Aug 12
Second quarter 2023 earnings released: EPS: JP¥10.66 (vs JP¥10.91 in 2Q 2022) Second quarter 2023 results: EPS: JP¥10.66 (down from JP¥10.91 in 2Q 2022). Revenue: JP¥11.5b (flat on 2Q 2022). Net income: JP¥394.0m (down 2.2% from 2Q 2022). Profit margin: 3.4% (down from 3.5% in 2Q 2022). Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Machinery industry in Japan. 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 8% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 22
Upcoming dividend of JP¥9.00 per share at 3.1% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 08 September 2023. Payout ratio is a comfortable 32% but the company is not cash flow positive. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (2.1%). Announcement • Jun 02
Nittoseiko Co.,Ltd. to Report Q2, 2023 Results on Aug 10, 2023 Nittoseiko Co.,Ltd. announced that they will report Q2, 2023 results on Aug 10, 2023 Reported Earnings • May 17
First quarter 2023 earnings released: EPS: JP¥11.88 (vs JP¥11.64 in 1Q 2022) First quarter 2023 results: EPS: JP¥11.88 (up from JP¥11.64 in 1Q 2022). Revenue: JP¥10.9b (up 16% from 1Q 2022). Net income: JP¥439.0m (up 2.1% from 1Q 2022). Profit margin: 4.0% (down from 4.6% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Feb 18
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 3.8%. The fair value is estimated to be JP¥626, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.7% over the last 3 years. Earnings per share has grown by 13%. Revenue is forecast to grow by 14% in 2 years. Earnings is forecast to grow by 43% in the next 2 years. Reported Earnings • Feb 16
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: EPS: JP¥49.48 (down from JP¥59.62 in FY 2021). Revenue: JP¥44.0b (up 8.6% from FY 2021). Net income: JP¥1.83b (down 17% from FY 2021). Profit margin: 4.2% (down from 5.4% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) missed analyst estimates by 4.8%. Revenue is forecast to grow 6.4% p.a. on average during the next 2 years, compared to a 4.4% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Dec 28
Nittoseiko Co.,Ltd. to Report Fiscal Year 2022 Results on Feb 14, 2023 Nittoseiko Co.,Ltd. announced that they will report fiscal year 2022 results on Feb 14, 2023 Upcoming Dividend • Dec 22
Upcoming dividend of JP¥8.00 per share Eligible shareholders must have bought the stock before 29 December 2022. Payment date: 31 March 2023. Payout ratio is a comfortable 1.0% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.6%). Announcement • Nov 16
Nittoseiko Co.,Ltd. Provides Consolidated Earnings Guidance for Year Ending December 31, 2022 Nittoseiko Co.,Ltd. provided consolidated earnings guidance for year ending December 31, 2022. For the period, the company expected net sales of JPY 42,500 million, operating profit of JPY 3,400 million, profit attributable to owners of parent of JPY 2,200 million, Basic earnings per share of JPY 59.54 per basic share. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Outside Director Konomi Katsumi was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Nov 15
Nittoseiko Co.,Ltd. Announces Dividend Guidance for the Year Ending of December 31, 2023 Nittoseiko Co.,Ltd. announced dividend guidance for the year ending of December 31, 2023. For the year the company expects to pay the dividend of JPY 8.00 per share against JPY 8.50 a year ago. Reported Earnings • Nov 13
Third quarter 2022 earnings released: EPS: JP¥17.03 (vs JP¥15.60 in 3Q 2021) Third quarter 2022 results: EPS: JP¥17.03 (up from JP¥15.60 in 3Q 2021). Revenue: JP¥11.4b (up 14% from 3Q 2021). Net income: JP¥629.0m (up 9.2% from 3Q 2021). Profit margin: 5.5% (down from 5.8% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Sep 24
Nittoseiko Co.,Ltd. to Report Q3, 2022 Results on Nov 11, 2022 Nittoseiko Co.,Ltd. announced that they will report Q3, 2022 results on Nov 11, 2022 Reported Earnings • Aug 09
Second quarter 2022 earnings released: EPS: JP¥10.91 (vs JP¥21.21 in 2Q 2021) Second quarter 2022 results: EPS: JP¥10.91 (down from JP¥21.21 in 2Q 2021). Revenue: JP¥11.5b (up 8.5% from 2Q 2021). Net income: JP¥403.0m (down 49% from 2Q 2021). Profit margin: 3.5% (down from 7.4% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 12%, compared to a 9.2% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 1% per year. Announcement • Jun 25
Nittoseiko Co.,Ltd. to Report Q2, 2022 Results on Aug 08, 2022 Nittoseiko Co.,Ltd. announced that they will report Q2, 2022 results on Aug 08, 2022 Upcoming Dividend • Jun 22
Upcoming dividend of JP¥8.00 per share Eligible shareholders must have bought the stock before 29 June 2022. Payment date: 08 September 2022. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.4%). Reported Earnings • May 19
First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2022 results: EPS: JP¥11.64 (down from JP¥12.16 in 1Q 2021). Revenue: JP¥9.43b (down 2.6% from 1Q 2021). Net income: JP¥430.0m (down 4.0% from 1Q 2021). Profit margin: 4.6% (in line with 1Q 2021). Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) exceeded analyst estimates by 15%. Over the next year, revenue is forecast to grow 12%, compared to a 7.8% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 4% per year. Price Target Changed • Apr 27
Price target decreased to JP¥610 Down from JP¥680, the current price target is provided by 1 analyst. New target price is 26% above last closing price of JP¥486. Stock is down 12% over the past year. The company is forecast to post earnings per share of JP¥60.70 for next year compared to JP¥59.62 last year. Board Change • Apr 27
No independent directors There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 9 experienced directors. 1 highly experienced director. No independent directors (8 non-independent directors). Auditor Hirokazu Tagano was the last director to join the board, commencing their role in 2021. 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
Nittoseiko Co.,Ltd. to Report Q1, 2022 Results on May 13, 2022 Nittoseiko Co.,Ltd. announced that they will report Q1, 2022 results on May 13, 2022 
