Announcement • Jun 23
Kyoritsu Air Tech Inc. to Report Q2, 2026 Results on Aug 07, 2026 Kyoritsu Air Tech Inc. announced that they will report Q2, 2026 results on Aug 07, 2026 Reported Earnings • May 17
First quarter 2026 earnings released: EPS: JP¥33.58 (vs JP¥32.59 in 1Q 2025) First quarter 2026 results: EPS: JP¥33.58 (up from JP¥32.59 in 1Q 2025). Revenue: JP¥2.83b (down 2.0% from 1Q 2025). Net income: JP¥162.0m (up 3.2% from 1Q 2025). Profit margin: 5.7% (up from 5.4% in 1Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Mar 19
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 21% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (21% increase in shares outstanding). Market cap is less than US$100m (JP¥4.66b market cap, or US$29.2m). Reported Earnings • Feb 14
Full year 2025 earnings released: EPS: JP¥95.39 (vs JP¥103 in FY 2024) Full year 2025 results: EPS: JP¥95.39 (down from JP¥103 in FY 2024). Revenue: JP¥11.9b (up 1.6% from FY 2024). Net income: JP¥460.0m (down 7.6% from FY 2024). Profit margin: 3.9% (down from 4.2% 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 4% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 12
Kyoritsu Air Tech Inc., Annual General Meeting, Mar 26, 2026 Kyoritsu Air Tech Inc., Annual General Meeting, Mar 26, 2026. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 30 March 2026. Payout ratio is a comfortable 22% but the company is paying out more than the cash it is generating. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (2.4%). Announcement • Dec 18
Kyoritsu Air Tech Inc. to Report Fiscal Year 2025 Results on Feb 12, 2026 Kyoritsu Air Tech Inc. announced that they will report fiscal year 2025 results on Feb 12, 2026 Reported Earnings • Nov 15
Third quarter 2025 earnings released: EPS: JP¥11.40 (vs JP¥15.15 in 3Q 2024) Third quarter 2025 results: EPS: JP¥11.40 (down from JP¥15.15 in 3Q 2024). Revenue: JP¥2.64b (down 5.2% from 3Q 2024). Net income: JP¥55.0m (down 25% from 3Q 2024). Profit margin: 2.1% (down from 2.6% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Sep 24
Kyoritsu Air Tech Inc. to Report Q3, 2025 Results on Nov 12, 2025 Kyoritsu Air Tech Inc. announced that they will report Q3, 2025 results on Nov 12, 2025 Reported Earnings • Aug 10
Second quarter 2025 earnings released: EPS: JP¥9.54 (vs JP¥15.99 in 2Q 2024) Second quarter 2025 results: EPS: JP¥9.54 (down from JP¥15.99 in 2Q 2024). Revenue: JP¥2.91b (up 12% from 2Q 2024). Net income: JP¥46.0m (down 40% from 2Q 2024). Profit margin: 1.6% (down from 3.0% 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 4% per year whereas the company’s share price has increased by 8% per year. Announcement • Jun 25
Kyoritsu Air Tech Inc. to Report Q2, 2025 Results on Aug 09, 2025 Kyoritsu Air Tech Inc. announced that they will report Q2, 2025 results on Aug 09, 2025 Reported Earnings • May 19
First quarter 2025 earnings released: EPS: JP¥32.59 (vs JP¥33.26 in 1Q 2024) First quarter 2025 results: EPS: JP¥32.59 (down from JP¥33.26 in 1Q 2024). Revenue: JP¥2.89b (up 2.1% from 1Q 2024). Net income: JP¥157.0m (down 1.9% from 1Q 2024). Profit margin: 5.4% (down from 5.7% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 3% per year. Announcement • Mar 22
Kyoritsu Air Tech Inc. to Report Q1, 2025 Results on May 13, 2025 Kyoritsu Air Tech Inc. announced that they will report Q1, 2025 results on May 13, 2025 Reported Earnings • Feb 15
Full year 2024 earnings released: EPS: JP¥103 (vs JP¥101 in FY 2023) Full year 2024 results: EPS: JP¥103 (up from JP¥101 in FY 2023). Revenue: JP¥11.7b (down 1.4% from FY 2023). Net income: JP¥498.0m (up 2.0% from FY 2023). Profit margin: 4.2% (up from 4.1% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Announcement • Feb 13
Kyoritsu Air Tech Inc., Annual General Meeting, Mar 27, 2025 Kyoritsu Air Tech Inc., Annual General Meeting, Mar 27, 2025. 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: 28 March 2025. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.8%). In line with average of industry peers (2.4%). Announcement • Dec 19
Kyoritsu Air Tech Inc. to Report Fiscal Year 2024 Results on Feb 13, 2025 Kyoritsu Air Tech Inc. announced that they will report fiscal year 2024 results on Feb 13, 2025 Reported Earnings • Nov 17
Third quarter 2024 earnings released: EPS: JP¥15.15 (vs JP¥23.91 in 3Q 2023) Third quarter 2024 results: EPS: JP¥15.15 (down from JP¥23.91 in 3Q 2023). Revenue: JP¥2.79b (down 1.8% from 3Q 2023). Net income: JP¥73.0m (down 37% from 3Q 2023). Profit margin: 2.6% (down from 4.1% in 3Q 2023). 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 • Sep 21
Kyoritsu Air Tech Inc. to Report Q3, 2024 Results on Nov 12, 2024 Kyoritsu Air Tech Inc. announced that they will report Q3, 2024 results on Nov 12, 2024 Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥547, the stock trades at a trailing P/E ratio of 5.6x. Average trailing P/E is 11x in the Building industry in Japan. Total returns to shareholders of 3.1% over the past three years. Announcement • Jun 26
Kyoritsu Air Tech Inc. to Report Q2, 2024 Results on Aug 09, 2024 Kyoritsu Air Tech Inc. announced that they will report Q2, 2024 results on Aug 09, 2024 Reported Earnings • May 17
First quarter 2024 earnings released: EPS: JP¥33.26 (vs JP¥37.90 in 1Q 2023) First quarter 2024 results: EPS: JP¥33.26 (down from JP¥37.90 in 1Q 2023). Revenue: JP¥2.83b (flat on 1Q 2023). Net income: JP¥160.0m (down 12% from 1Q 2023). Profit margin: 5.7% (down from 6.5% in 1Q 2023). 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 2% per year. Announcement • Mar 23
Kyoritsu Air Tech Inc. to Report Q1, 2024 Results on May 13, 2024 Kyoritsu Air Tech Inc. announced that they will report Q1, 2024 results on May 13, 2024 Reported Earnings • Feb 17
Full year 2023 earnings released: EPS: JP¥101 (vs JP¥75.63 in FY 2022) Full year 2023 results: EPS: JP¥101 (up from JP¥75.63 in FY 2022). Revenue: JP¥11.9b (up 12% from FY 2022). Net income: JP¥488.0m (up 34% from FY 2022). Profit margin: 4.1% (up from 3.4% in FY 2022). The increase in margin was driven by higher revenue. 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 4% per year. Announcement • Feb 16
Kyoritsu Air Tech Inc., Annual General Meeting, Mar 27, 2024 Kyoritsu Air Tech Inc., Annual General Meeting, Mar 27, 2024. Announcement • Dec 24
Kyoritsu Air Tech Inc. to Report Fiscal Year 2023 Results on Feb 14, 2024 Kyoritsu Air Tech Inc. announced that they will report fiscal year 2023 results on Feb 14, 2024 Upcoming Dividend • Dec 21
Upcoming dividend of JP¥15.00 per share at 2.4% yield Eligible shareholders must have bought the stock before 28 December 2023. Payment date: 01 April 2024. Payout ratio is a comfortable 15% but the company is paying out more than the cash it is generating. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (2.1%). Reported Earnings • Nov 12
Third quarter 2023 earnings released: EPS: JP¥23.91 (vs JP¥6.46 in 3Q 2022) Third quarter 2023 results: EPS: JP¥23.91 (up from JP¥6.46 in 3Q 2022). Revenue: JP¥2.84b (up 13% from 3Q 2022). Net income: JP¥115.0m (up 271% from 3Q 2022). Profit margin: 4.1% (up from 1.2% in 3Q 2022). 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 but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Announcement • Sep 24
Kyoritsu Air Tech Inc. to Report Q3, 2023 Results on Nov 10, 2023 Kyoritsu Air Tech Inc. announced that they will report Q3, 2023 results on Nov 10, 2023 Reported Earnings • Aug 12
Second quarter 2023 earnings released: EPS: JP¥11.86 (vs JP¥12.29 in 2Q 2022) Second quarter 2023 results: EPS: JP¥11.86 (down from JP¥12.29 in 2Q 2022). Revenue: JP¥2.80b (up 15% from 2Q 2022). Net income: JP¥57.0m (down 3.4% from 2Q 2022). Profit margin: 2.0% (down from 2.4% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Announcement • Jun 23
Kyoritsu Air Tech Inc. to Report Q2, 2023 Results on Aug 10, 2023 Kyoritsu Air Tech Inc. announced that they will report Q2, 2023 results on Aug 10, 2023 Reported Earnings • May 16
First quarter 2023 earnings released: EPS: JP¥37.90 (vs JP¥27.54 in 1Q 2022) First quarter 2023 results: EPS: JP¥37.90 (up from JP¥27.54 in 1Q 2022). Revenue: JP¥2.81b (up 13% from 1Q 2022). Net income: JP¥182.0m (up 38% from 1Q 2022). Profit margin: 6.5% (up from 5.3% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 4% per year. Announcement • Feb 15
Kyoritsu Air Tech Inc., Annual General Meeting, Mar 29, 2023 Kyoritsu Air Tech Inc., Annual General Meeting, Mar 29, 2023. Reported Earnings • Feb 15
Full year 2022 earnings released: EPS: JP¥75.63 (vs JP¥115 in FY 2021) Full year 2022 results: EPS: JP¥75.63 (down from JP¥115 in FY 2021). Revenue: JP¥10.6b (up 7.1% from FY 2021). Net income: JP¥363.0m (down 34% from FY 2021). Profit margin: 3.4% (down from 5.6% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 9% per year. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 29 December 2022. Payment date: 30 March 2023. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.1%). Announcement • Dec 21
Kyoritsu Air Tech Inc. to Report Fiscal Year 2022 Results on Feb 13, 2023 Kyoritsu Air Tech Inc. announced that they will report fiscal year 2022 results on Feb 13, 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. No experienced directors. 7 highly experienced directors. No independent directors (4 non-independent directors). External Director Masataka Ueda was the last director to join the board, commencing their role in 2012. 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 11
Third quarter 2022 earnings released: EPS: JP¥6.46 (vs JP¥13.77 in 3Q 2021) Third quarter 2022 results: EPS: JP¥6.46 (down from JP¥13.77 in 3Q 2021). Revenue: JP¥2.50b (up 13% from 3Q 2021). Net income: JP¥31.0m (down 53% from 3Q 2021). Profit margin: 1.2% (down from 3.0% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 15% per year. Announcement • Sep 24
Kyoritsu Air Tech Inc. to Report Q3, 2022 Results on Nov 09, 2022 Kyoritsu Air Tech Inc. announced that they will report Q3, 2022 results on Nov 09, 2022 Reported Earnings • Aug 15
Second quarter 2022 earnings released: EPS: JP¥12.29 (vs JP¥26.52 in 2Q 2021) Second quarter 2022 results: EPS: JP¥12.29 (down from JP¥26.52 in 2Q 2021). Revenue: JP¥2.43b (up 3.1% from 2Q 2021). Net income: JP¥59.0m (down 54% from 2Q 2021). Profit margin: 2.4% (down from 5.4% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 12% per year. Announcement • Jun 24
Kyoritsu Air Tech Inc. to Report Q2, 2022 Results on Aug 10, 2022 Kyoritsu Air Tech Inc. announced that they will report Q2, 2022 results on Aug 10, 2022 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. No experienced directors. 7 highly experienced directors. No independent directors (4 non-independent directors). External Director Masataka Ueda was the last director to join the board, commencing their role in 2012. 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 15
Kyoritsu Air Tech Inc. (TSE:5997) agreed to acquire Cooldan and Related Businesses of TSC Co., Ltd. Kyoritsu Air Tech Inc. (TSE:5997) agreed to acquire Cooldan and Related Businesses of TSC Co., Ltd. on March 31, 2022. Announcement • Apr 08
Kyoritsu Air Tech Inc. to Report Q1, 2022 Results on May 13, 2022 Kyoritsu Air Tech Inc. announced that they will report Q1, 2022 results on May 13, 2022 Reported Earnings • Feb 20
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: JP¥115 (up from JP¥90.36 in FY 2020). Revenue: JP¥9.89b (flat on FY 2020). Net income: JP¥552.0m (up 28% from FY 2020). Profit margin: 5.6% (up from 4.4% in FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Announcement • Feb 16
Kyoritsu Air Tech Inc., Annual General Meeting, Mar 29, 2022 Kyoritsu Air Tech Inc., Annual General Meeting, Mar 29, 2022. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 29 March 2022. Payout ratio is a comfortable 25% but the company is not cash flow positive. Trailing yield: 3.6%. Within top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.5%). Reported Earnings • Nov 10
Third quarter 2021 earnings released: EPS JP¥13.77 (vs JP¥21.53 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥2.21b (down 11% from 3Q 2020). Net income: JP¥66.0m (down 36% from 3Q 2020). Profit margin: 3.0% (down from 4.1% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 20
Second quarter 2021 earnings released: EPS JP¥26.52 (vs JP¥25.10 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥2.36b (up 1.9% from 2Q 2020). Net income: JP¥127.0m (up 5.8% from 2Q 2020). Profit margin: 5.4% (up from 5.2% in 2Q 2020). 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 whereas the company’s share price has fallen by 12% per year. Reported Earnings • May 18
First quarter 2021 earnings released: EPS JP¥25.92 (vs JP¥29.11 in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: JP¥2.44b (down 3.9% from 1Q 2020). Net income: JP¥124.0m (down 11% from 1Q 2020). Profit margin: 5.1% (down from 5.5% in 1Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 12% per year. Reported Earnings • Apr 02
Full year 2020 earnings released: EPS JP¥90.36 (vs JP¥138 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥9.92b (down 12% from FY 2019). Net income: JP¥432.0m (down 35% from FY 2019). Profit margin: 4.4% (down from 5.9% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 8% per year, which means it is performing significantly worse than earnings. Is New 90 Day High Low • Mar 02
New 90-day low: JP¥566 The company is down 2.0% from its price of JP¥575 on 02 December 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Building industry, which is down 4.0% over the same period. Reported Earnings • Feb 14
Full year 2020 earnings released: EPS JP¥90.36 (vs JP¥138 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥9.92b (down 12% from FY 2019). Net income: JP¥432.0m (down 35% from FY 2019). Profit margin: 4.4% (down from 5.9% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 6% per year. Is New 90 Day High Low • Feb 05
New 90-day high: JP¥630 The company is up 13% from its price of JP¥557 on 06 November 2020. The Japanese market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Building industry, which is up 5.0% over the same period. Upcoming Dividend • Dec 22
Upcoming Dividend of JP¥10.00 Per Share Will be paid on the 27th of March to those who are registered shareholders by the 29th of December. The trailing yield of 1.7% is below the top quartile of Japanese dividend payers (3.0%), but it is higher than industry peers (1.4%). Reported Earnings • Nov 12
Third quarter 2020 earnings released: EPS JP¥21.53 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: JP¥2.49b (down 14% from 3Q 2019). Net income: JP¥103.0m (up 13% from 3Q 2019). Profit margin: 4.1% (up from 3.1% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Nov 10
New 90-day high: JP¥577 The company is up 5.0% from its price of JP¥547 on 12 August 2020. The Japanese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Building industry, which is up 17% over the same period. Announcement • Oct 01
Kyoritsu Air Tech Inc. to Report Q3, 2020 Results on Nov 10, 2020 Kyoritsu Air Tech Inc. announced that they will report Q3, 2020 results on Nov 10, 2020 Announcement • Jun 29
Kyoritsu Air Tech Inc. to Report Q2, 2020 Results on Aug 07, 2020 Kyoritsu Air Tech Inc. announced that they will report Q2, 2020 results on Aug 07, 2020