Reported Earnings • May 01
First quarter 2026 earnings released: EPS: JP¥11.77 (vs JP¥16.11 in 1Q 2025) First quarter 2026 results: EPS: JP¥11.77 (down from JP¥16.11 in 1Q 2025). Revenue: JP¥16.4b (up 2.7% from 1Q 2025). Net income: JP¥534.0m (down 28% from 1Q 2025). Profit margin: 3.2% (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 22% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Apr 21
Okabe Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026 Okabe Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 Declared Dividend • Apr 11
Final dividend of JP¥21.00 announced Shareholders will receive a dividend of JP¥21.00. Ex-date: 29th June 2026 Payment date: 3rd September 2026 Dividend yield will be 4.2%, which is higher than the industry average of 2.0%. 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 5.8% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 5.9% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Board Change • Mar 04
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: 5 independent directors. 6 non-independent directors. Independent Outside Director Hitoshi Takahashi was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Feb 16
Full year 2025 earnings released: EPS: JP¥71.76 (vs JP¥18.91 loss in FY 2024) Full year 2025 results: EPS: JP¥71.76 (up from JP¥18.91 loss in FY 2024). Revenue: JP¥69.8b (up 2.9% from FY 2024). Net income: JP¥3.29b (up JP¥4.16b from FY 2024). Profit margin: 4.7% (up from net loss in FY 2024). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Announcement • Feb 13
Okabe Co., Ltd., Annual General Meeting, Mar 27, 2026 Okabe Co., Ltd., Annual General Meeting, Mar 27, 2026. Announcement • Dec 20
Okabe Co., Ltd. to Report Fiscal Year 2025 Results on Feb 13, 2026 Okabe Co., Ltd. announced that they will report fiscal year 2025 results on Feb 13, 2026 Declared Dividend • Sep 04
First half dividend of JP¥21.00 announced Shareholders will receive a dividend of JP¥21.00. Ex-date: 29th December 2025 Payment date: 12th March 2026 Dividend yield will be 4.3%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. The dividend is also not adequately covered by cash flows (99% cash payout ratio). The dividend has increased by an average of 6.7% per year over the past 10 years. However, payments have been volatile during that time. Reported Earnings • Aug 02
Second quarter 2025 earnings released: EPS: JP¥22.08 (vs JP¥16.46 in 2Q 2024) Second quarter 2025 results: EPS: JP¥22.08 (up from JP¥16.46 in 2Q 2024). Revenue: JP¥17.1b (up 5.8% from 2Q 2024). Net income: JP¥1.01b (up 33% from 2Q 2024). Profit margin: 5.9% (up from 4.7% in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Jun 20
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 27 June 2025. Payment date: 03 September 2025. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 5.0%. Within top quartile of Japanese dividend payers (4.0%). Higher than average of industry peers (2.9%). Announcement • May 31
Okabe Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025 Okabe Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025 Announcement • May 01
Okabe Co., Ltd. to Report Q2, 2025 Results on Jul 31, 2025 Okabe Co., Ltd. announced that they will report Q2, 2025 results on Jul 31, 2025 Reported Earnings • May 01
First quarter 2025 earnings released: EPS: JP¥16.11 (vs JP¥12.52 in 1Q 2024) First quarter 2025 results: EPS: JP¥16.11 (up from JP¥12.52 in 1Q 2024). Revenue: JP¥16.0b (up 2.1% from 1Q 2024). Net income: JP¥743.0m (up 28% from 1Q 2024). Profit margin: 4.6% (up from 3.7% in 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance. Declared Dividend • Apr 17
Final dividend of JP¥20.00 announced Shareholders will receive a dividend of JP¥20.00. Ex-date: 27th June 2025 Payment date: 3rd September 2025 Dividend yield will be 4.8%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. The dividend is also not covered by cash flows (270% cash payout ratio). The dividend has increased by an average of 6.7% per year over the past 10 years. However, payments have been volatile during that time. Announcement • Mar 04
Okabe Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025 Okabe Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 Announcement • Mar 03
Okabe Co., Ltd. (TSE:5959) announces an Equity Buyback for 850,000 shares, representing 1.83% for ¥600 million. Okabe Co., Ltd. (TSE:5959) announces a share repurchase program. Under the program, the company will repurchase up to 850,000 shares, representing 1.83% of its total shares outstanding (excluding treasury shares), for a total of ¥600 million. The purpose of repurchase program is to improve capital efficiency, increase shareholder value per share and return profits to shareholders. The repurchase program is valid till July 28, 2025. New Risk • Feb 18
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. Cash payout ratio: 193% Dividend yield: 3.6% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. 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 Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 193% Earnings have declined by 44% per year over the past 5 years. Announcement • Feb 17
Okabe Co., Ltd., Annual General Meeting, Mar 28, 2025 Okabe Co., Ltd., Annual General Meeting, Mar 28, 2025. Reported Earnings • Feb 16
Full year 2024 earnings released: JP¥18.91 loss per share (vs JP¥118 loss in FY 2023) Full year 2024 results: JP¥18.91 loss per share (improved from JP¥118 loss in FY 2023). Revenue: JP¥67.8b (down 13% from FY 2023). Net loss: JP¥874.0m (loss narrowed 84% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Dec 20
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 14 March 2025. The company is not currently making a profit but it is cash flow positive. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.4%). Announcement • Dec 02
Okabe Co., Ltd. Announces New Role of Akira Hoshi as General Manager of International Division, in Charge of Asia from President, Pt. Okabe Hardware Indonesia, Effective from January 1, 2025 Okabe Co., Ltd. announces that there will be changes in its Executives on January 1, 2025. The company announced Akira Hoshi as General Manager of International Division, in charge of Asia from President, PT. Okabe Hardware Indonesia. Reported Earnings • Nov 16
Third quarter 2024 earnings released: EPS: JP¥21.48 (vs JP¥18.64 in 3Q 2023) Third quarter 2024 results: EPS: JP¥21.48 (up from JP¥18.64 in 3Q 2023). Revenue: JP¥17.8b (down 12% from 3Q 2023). Net income: JP¥993.0m (up 15% from 3Q 2023). Profit margin: 5.6% (up from 4.3% in 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance. Announcement • Oct 23
Okabe Co., Ltd. to Report Q3, 2024 Results on Nov 14, 2024 Okabe Co., Ltd. announced that they will report Q3, 2024 results on Nov 14, 2024 Announcement • Sep 03
Okabe Co., Ltd. to Report Q3, 2024 Results on Oct 25, 2024 Okabe Co., Ltd. announced that they will report Q3, 2024 results on Oct 25, 2024 Announcement • Aug 09
Okabe Co., Ltd. Announces Dividend for the Second Quarter End of Fiscal Year Ending December 31, 2024 Okabe Co., Ltd. announced dividend for the second quarter end of Fiscal Year Ending December 31, 2024. For the End of second quarter, the company announced dividend of JPY 15.00 per share against JPY 12.50 per share paid a year ago. Declared Dividend • Jul 29
First half dividend of JP¥15.00 announced Shareholders will receive a dividend of JP¥15.00. Ex-date: 27th December 2024 Payment date: 14th March 2025 Dividend yield will be 3.8%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (31% cash payout ratio). The dividend has increased by an average of 5.2% per year over the past 10 years. However, payments have been volatile during that time. Reported Earnings • Jul 28
Second quarter 2024 earnings released: EPS: JP¥16.46 (vs JP¥14.04 loss in 2Q 2023) Second quarter 2024 results: EPS: JP¥16.46 (up from JP¥14.04 loss in 2Q 2023). Revenue: JP¥16.1b (down 17% from 2Q 2023). Net income: JP¥761.0m (up JP¥1.41b from 2Q 2023). Profit margin: 4.7% (up from net loss in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Jun 20
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 27 June 2024. Payment date: 04 September 2024. The company is not currently making a profit but it is cash flow positive. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (2.2%). Reported Earnings • May 01
First quarter 2024 earnings released: EPS: JP¥12.52 (vs JP¥11.44 in 1Q 2023) First quarter 2024 results: EPS: JP¥12.52 (up from JP¥11.44 in 1Q 2023). Revenue: JP¥15.7b (down 16% from 1Q 2023). Net income: JP¥578.0m (up 8.4% from 1Q 2023). Profit margin: 3.7% (up from 2.9% in 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance. Declared Dividend • Apr 11
Final dividend increased to JP¥15.00 Dividend of JP¥15.00 is 20% higher than last year. Ex-date: 27th June 2024 Payment date: 4th September 2024 Dividend yield will be 3.4%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is covered by both earnings (81% earnings payout ratio) and cash flows (31% cash payout ratio). The dividend has increased by an average of 5.2% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 9.9% to shift the payout ratio to a potentially unsustainable range, which is less than the 15% EPS decline seen over the last 5 years. Announcement • Apr 05
Okabe Co., Ltd. Appoints Akira Hoshi as President, PT. Okabe Hardware Indonesia from General Manager of International Officer Division, in Charge of Asia, Effective May 1, 2024 Okabe Co., Ltd. announced that there will be changes in its Executives on May 1, 2024. Akira Hoshi appointed as President, PT. Okabe Hardware Indonesia from General Manager of International Officer Division, in charge of Asia. Announcement • Mar 24
Okabe Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024 Okabe Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 Reported Earnings • Feb 22
Full year 2023 earnings released: JP¥153 loss per share (vs JP¥81.30 profit in FY 2022) Full year 2023 results: JP¥153 loss per share (down from JP¥81.30 profit in FY 2022). Revenue: JP¥78.2b (up 1.7% from FY 2022). Net loss: JP¥7.10b (down 284% from profit in FY 2022). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • Feb 21
Okabe Co., Ltd., Annual General Meeting, Mar 28, 2024 Okabe Co., Ltd., Annual General Meeting, Mar 28, 2024. Announcement • Dec 21
Okabe Co., Ltd. to Report Fiscal Year 2023 Results on Feb 09, 2024 Okabe Co., Ltd. announced that they will report fiscal year 2023 results on Feb 09, 2024 Upcoming Dividend • Dec 21
Upcoming dividend of JP¥12.50 per share at 3.5% yield Eligible shareholders must have bought the stock before 28 December 2023. Payment date: 15 March 2024. Payout ratio and cash payout ratio are on the higher end at 81% and 99% respectively. Trailing yield: 3.5%. Within top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (2.1%). Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: JP¥18.64 (vs JP¥22.18 in 3Q 2022) Third quarter 2023 results: EPS: JP¥18.64 (down from JP¥22.18 in 3Q 2022). Revenue: JP¥20.1b (flat on 3Q 2022). Net income: JP¥861.0m (down 18% from 3Q 2022). Profit margin: 4.3% (down from 5.2% in 3Q 2022). 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 • Sep 06
Okabe Co., Ltd. to Report Q3, 2023 Results on Oct 27, 2023 Okabe Co., Ltd. announced that they will report Q3, 2023 results on Oct 27, 2023 New Risk • Jul 30
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 42% 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: Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.0% net profit margin). Reported Earnings • Jul 29
Second quarter 2023 earnings released: JP¥14.04 loss per share (vs JP¥30.13 profit in 2Q 2022) Second quarter 2023 results: JP¥14.04 loss per share (down from JP¥30.13 profit in 2Q 2022). Revenue: JP¥19.4b (up 3.6% from 2Q 2022). Net loss: JP¥649.0m (down 146% from profit in 2Q 2022). Revenue is forecast to grow 5.0% p.a. on average during the next 2 years, compared to a 4.4% growth forecast for the Building 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 only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Jun 22
Okabe Co., Ltd. to Report Q2, 2023 Results on Jul 28, 2023 Okabe Co., Ltd. announced that they will report Q2, 2023 results on Jul 28, 2023 Upcoming Dividend • Jun 22
Upcoming dividend of JP¥12.50 per share at 3.1% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 05 September 2023. Payout ratio is a comfortable 31% 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 (1.7%). Reported Earnings • Apr 29
First quarter 2023 earnings released: EPS: JP¥11.44 (vs JP¥14.95 in 1Q 2022) First quarter 2023 results: EPS: JP¥11.44 (down from JP¥14.95 in 1Q 2022). Revenue: JP¥18.7b (up 6.2% from 1Q 2022). Net income: JP¥533.0m (down 25% from 1Q 2022). Profit margin: 2.9% (down from 4.0% in 1Q 2022). The decrease in margin was driven by higher expenses. 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 Building 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 only increased by 4% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 12
Full year 2022 earnings released: EPS: JP¥81.30 (vs JP¥54.13 in FY 2021) Full year 2022 results: EPS: JP¥81.30 (up from JP¥54.13 in FY 2021). Revenue: JP¥76.9b (up 19% from FY 2021). Net income: JP¥3.85b (up 47% from FY 2021). Profit margin: 5.0% (up from 4.1% 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 12% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Feb 12
Okabe Co., Ltd., Annual General Meeting, Mar 30, 2023 Okabe Co., Ltd., Annual General Meeting, Mar 30, 2023. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥12.00 per share Eligible shareholders must have bought the stock before 29 December 2022. Payment date: 15 March 2023. Payout ratio is a comfortable 28% but the company is paying out more than the cash it is generating. Trailing yield: 3.4%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.1%). Announcement • Dec 06
Okabe Co., Ltd. to Report Fiscal Year 2022 Results on Feb 09, 2023 Okabe Co., Ltd. announced that they will report fiscal year 2022 results on Feb 09, 2023 Reported Earnings • Nov 19
Third quarter 2022 earnings released: EPS: JP¥22.18 (vs JP¥18.63 in 3Q 2021) Third quarter 2022 results: EPS: JP¥22.18 (up from JP¥18.63 in 3Q 2021). Revenue: JP¥20.2b (up 24% from 3Q 2021). Net income: JP¥1.05b (up 16% from 3Q 2021). Profit margin: 5.2% (down from 5.6% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 2 years compared to a 3.1% growth forecast for the Building industry in Japan. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 7 non-independent directors. Independent Outside Director Naoya Hasegawa was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 30
Third quarter 2022 earnings released: EPS: JP¥22.18 (vs JP¥18.63 in 3Q 2021) Third quarter 2022 results: EPS: JP¥22.18 (up from JP¥18.63 in 3Q 2021). Revenue: JP¥20.2b (up 24% from 3Q 2021). Net income: JP¥1.05b (up 16% from 3Q 2021). Profit margin: 5.2% (down from 5.6% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 2 years compared to a 4.1% growth forecast for the Building industry in Japan. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Announcement • Oct 29
Okabe Co., Ltd. (TSE:5959) announces an Equity Buyback for 1,500,000 shares, representing 3.16% for ¥1,000 million. Okabe Co., Ltd. (TSE:5959) announces a share repurchase program. Under the program, the company will repurchase up to 1,500,000 shares, representing 3.16% of its total shares outstanding (excluding treasury shares), for a total of ¥1,000 million. The purpose of repurchase program is to improve capital efficiency, increase shareholder value per share and return profits to shareholders. The repurchase program is valid till April 28, 2023. As of June 30, 2022, the company had 47,523,122 shares outstanding (excluding treasury shares) and had 1,767,510 shares in treasury. Announcement • Sep 01
Okabe Co., Ltd. to Report Q3, 2022 Results on Oct 28, 2022 Okabe Co., Ltd. announced that they will report Q3, 2022 results on Oct 28, 2022 Announcement • Aug 10
Okabe Co., Ltd. Revises Consolidated Earnings Forecast for the Fiscal Year Ending December 31, 2022 Okabe Co., Ltd. revised consolidated earnings forecast for the fiscal year ending December 31, 2022. For the period, Company expects Net sales of JPY 75,850 million against previous guidance of JPY 72,500 million. Operating profit of JPY 5,200 million against previous guidance of JPY 5,100 million. Profit attributable to owners of parent of JPY 3,850 against previous guidance of JPY 3,450 million. Profit per share of JPY 81.25 against previous guidance of JPY 71.94. Announcement • Aug 04
Okabe Co., Ltd. Revises Consolidated Earnings Forecast for the First Six Months of the Fiscal Year Ending December 31, 2022 Okabe Co., Ltd. revised consolidated earnings forecast for first six months of the fiscal year ending December 31, 2022. For the period, Company expects Net sales of JPY 36,267 million against previous guidance of JPY 34,540 million. Operating profit of JPY 2,446 million against previous guidance of JPY 2,070 million. Profit attributable to owners of parent of JPY 2,137 against previous guidance of JPY 1,500 million. Profit per share of JPY 45.07 against previous guidance of JPY 31.28. Reported Earnings • Jul 31
Second quarter 2022 earnings released: EPS: JP¥30.13 (vs JP¥16.66 in 2Q 2021) Second quarter 2022 results: EPS: JP¥30.13 (up from JP¥16.66 in 2Q 2021). Revenue: JP¥18.7b (up 17% from 2Q 2021). Net income: JP¥1.43b (up 76% from 2Q 2021). Profit margin: 7.6% (up from 5.1% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 1.4%, 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 3% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Upcoming Dividend • Jun 22
Upcoming dividend of JP¥11.00 per share Eligible shareholders must have bought the stock before 29 June 2022. Payment date: 06 September 2022. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.0%). Announcement • Jun 16
Okabe Co., Ltd. to Report Q2, 2022 Results on Jul 29, 2022 Okabe Co., Ltd. announced that they will report Q2, 2022 results on Jul 29, 2022 
