Declared Dividend • May 15
Dividend increased to JP¥240 Dividend of JP¥240 is 20% higher than last year. Ex-date: 29th September 2026 Payment date: 1st December 2026 Dividend yield will be 2.6%, 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 (41% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 34% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 14
Nissei ASB Machine Co., Ltd. to Report First Half, 2026 Results on May 13, 2026 Nissei ASB Machine Co., Ltd. announced that they will report first half, 2026 results on May 13, 2026 Price Target Changed • Mar 03
Price target increased by 29% to JP¥9,490 Up from JP¥7,340, the current price target is provided by 1 analyst. New target price is 6.6% above last closing price of JP¥8,900. Stock is up 77% over the past year. The company is forecast to post earnings per share of JP¥607 for next year compared to JP¥516 last year. Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment improves as stock rises 32% After last week's 32% share price gain to JP¥8,640, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 17x in the Machinery industry in Japan. Total returns to shareholders of 116% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥14,510 per share. New Risk • Feb 17
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 5.9% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Feb 16
First quarter 2026 earnings released: EPS: JP¥127 (vs JP¥114 in 1Q 2025) First quarter 2026 results: EPS: JP¥127 (up from JP¥114 in 1Q 2025). Revenue: JP¥11.3b (up 20% from 1Q 2025). Net income: JP¥1.90b (up 11% from 1Q 2025). Profit margin: 17% (down from 18% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 20% per year. Announcement • Feb 14
Nissei ASB Machine Co., Ltd. Announces Board Changes NISSEI ASB MACHINE CO., LTD. hereby announced that it has resolved, at a meeting of the Board of Directors held on February 13, 2026, to change of representative directors, effective April 1, 2026. Reason for change: Based on Corporate Principles of ‘Generate affluence for people and society’ and ‘Maintain company growth by providing high level technology and service’, Company has remained committed to a medium- to long-term growth and development policy. Company have focused on deploying various strategic measures with a view toward expanding our business scale. Change in Representative Director: Daiichi Aoki: Current title: Representative Director and Chairman; New title: Director. Kota Aoki: Current title: Director and Vice President; New title: Representative Director and Chairman. Career summary of newly appointed representative director: Kota Aoki (November 15, 1972): Apr. 1997 Joined the Company; Apr. 2003 Deputy General Manager, Sales and Marketing Department; Dec. 2003 Director and General Manager, Sales and Marketing Department; Dec. 2008 Representative Director and President; Dec. 2016 Director; Jan. 2019 Representative Director and President, NISSEI ASB COMPANY (current position); Dec. 2023 Director and Vice President, the Company (current position). Scheduled Date of Assumption of Post: April 1, 2026. The members of the Board of Directors, the Board of Statutory Auditors (April 1, 2026): Director: Daiichi Aoki; Representative Director and Chairman: Kota Aoki; Representative Director and President: Makoto Fujiwara; Executive Director: Karel Keersmaekers-Michiels; Director: Kazuya Yoda; Director: Eva Alzas Guillen; Director: Yuichi Yamamoto; Director: Masayuki Sakai; Director: Keiji Himori; Director: Masahiro Midorikawa; Director: Mayuko Mase; Full-time Audit & Supervisory Board Member: Hiroaki Iwamoto; Audit & Supervisory Board Member: Shigeru Nakajima; Audit & Supervisory Board Member: Hiroshi Nakamura. Announcement • Dec 27
Nissei ASB Machine Co., Ltd. to Report Q1, 2026 Results on Feb 13, 2026 Nissei ASB Machine Co., Ltd. announced that they will report Q1, 2026 results on Feb 13, 2026 Reported Earnings • Nov 15
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: JP¥516 (up from JP¥385 in FY 2024). Revenue: JP¥43.7b (up 19% from FY 2024). Net income: JP¥7.74b (up 34% from FY 2024). Profit margin: 18% (up from 16% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.6%. Revenue is forecast to grow 6.3% p.a. on average during the next 2 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 15% per year whereas the company’s share price has increased by 18% per year. Announcement • Sep 27
Nissei ASB Machine Co., Ltd. to Report Fiscal Year 2025 Results on Nov 12, 2025 Nissei ASB Machine Co., Ltd. announced that they will report fiscal year 2025 results on Nov 12, 2025 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥200 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 02 December 2025. Payout ratio is a comfortable 29% 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 (2.0%). Reported Earnings • Aug 08
Third quarter 2025 earnings released: EPS: JP¥136 (vs JP¥101 in 3Q 2024) Third quarter 2025 results: EPS: JP¥136 (up from JP¥101 in 3Q 2024). Revenue: JP¥10.9b (up 11% from 3Q 2024). Net income: JP¥2.04b (up 34% from 3Q 2024). Profit margin: 19% (up from 16% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.5% 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 11% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jun 27
Nissei ASB Machine Co., Ltd. to Report Q3, 2025 Results on Aug 07, 2025 Nissei ASB Machine Co., Ltd. announced that they will report Q3, 2025 results on Aug 07, 2025 Price Target Changed • Jun 09
Price target increased by 7.7% to JP¥6,955 Up from JP¥6,455, the current price target is an average from 2 analysts. New target price is 16% above last closing price of JP¥6,010. Stock is up 21% over the past year. The company is forecast to post earnings per share of JP¥469 for next year compared to JP¥385 last year. Declared Dividend • May 16
Dividend of JP¥160 announced Shareholders will receive a dividend of JP¥160. Ex-date: 29th September 2025 Payment date: 2nd December 2025 Dividend yield will be 2.9%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is well covered by both earnings (34% earnings payout ratio) and cash flows (27% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 27% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • May 15
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥5,470, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 12x in the Machinery industry in Japan. Total returns to shareholders of 111% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥9,361 per share. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to JP¥3,985, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 11x in the Machinery industry in Japan. Total returns to shareholders of 43% over the past three years. Announcement • Mar 27
Nissei ASB Machine Co., Ltd. to Report Q2, 2025 Results on May 14, 2025 Nissei ASB Machine Co., Ltd. announced that they will report Q2, 2025 results on May 14, 2025 Reported Earnings • Feb 15
First quarter 2025 earnings released: EPS: JP¥114 (vs JP¥58.37 in 1Q 2024) First quarter 2025 results: EPS: JP¥114 (up from JP¥58.37 in 1Q 2024). Revenue: JP¥9.44b (up 17% from 1Q 2024). Net income: JP¥1.71b (up 96% from 1Q 2024). Profit margin: 18% (up from 11% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.2% 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 1% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 03
Nissei ASB Machine Co., Ltd. to Report Q1, 2025 Results on Feb 13, 2025 Nissei ASB Machine Co., Ltd. announced that they will report Q1, 2025 results on Feb 13, 2025 Reported Earnings • Nov 15
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: JP¥385 (up from JP¥339 in FY 2023). Revenue: JP¥36.8b (up 5.7% from FY 2023). Net income: JP¥5.78b (up 14% from FY 2023). Profit margin: 16% (up from 15% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) exceeded analyst estimates by 2.6%. Revenue is forecast to grow 7.5% p.a. on average during the next 2 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 4% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Announcement • Nov 12
Nissei ASB Machine Co., Ltd., Annual General Meeting, Dec 18, 2024 Nissei ASB Machine Co., Ltd., Annual General Meeting, Dec 18, 2024. Announcement • Sep 27
Nissei ASB Machine Co., Ltd. to Report Fiscal Year 2024 Results on Nov 12, 2024 Nissei ASB Machine Co., Ltd. announced that they will report fiscal year 2024 results on Nov 12, 2024 Upcoming Dividend • Sep 20
Upcoming dividend of JP¥140 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 04 December 2024. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (2.9%). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to JP¥4,230, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 12x in the Machinery industry in Japan. Total loss to shareholders of 6.9% over the past three years. Announcement • Jun 28
Nissei ASB Machine Co., Ltd. to Report Q3, 2024 Results on Aug 07, 2024 Nissei ASB Machine Co., Ltd. announced that they will report Q3, 2024 results on Aug 07, 2024 Reported Earnings • May 18
Second quarter 2024 earnings released: EPS: JP¥115 (vs JP¥96.92 in 2Q 2023) Second quarter 2024 results: EPS: JP¥115 (up from JP¥96.92 in 2Q 2023). Revenue: JP¥8.61b (flat on 2Q 2023). Net income: JP¥1.73b (up 19% from 2Q 2023). Profit margin: 20% (up from 17% in 2Q 2023). Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has fallen by 10% 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. Declared Dividend • May 16
Dividend of JP¥120 announced Shareholders will receive a dividend of JP¥120. Ex-date: 27th September 2024 Payment date: 4th December 2024 Dividend yield will be 2.3%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is well covered by both earnings (30% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 17% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Feb 28
Nissei ASB Machine Co., Ltd. to Report Q2, 2024 Results on May 14, 2024 Nissei ASB Machine Co., Ltd. announced that they will report Q2, 2024 results on May 14, 2024 Reported Earnings • Feb 10
First quarter 2024 earnings released: EPS: JP¥58.37 (vs JP¥3.14 in 1Q 2023) First quarter 2024 results: EPS: JP¥58.37 (up from JP¥3.14 in 1Q 2023). Revenue: JP¥8.04b (up 16% from 1Q 2023). Net income: JP¥875.0m (up JP¥828.0m from 1Q 2023). Profit margin: 11% (up from 0.7% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Machinery industry in Japan. 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 11% per year. Announcement • Dec 28
Nissei ASB Machine Co., Ltd. to Report Q1, 2024 Results on Feb 09, 2024 Nissei ASB Machine Co., Ltd. announced that they will report Q1, 2024 results on Feb 09, 2024 Reported Earnings • Nov 13
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: JP¥339 (down from JP¥409 in FY 2022). Revenue: JP¥34.8b (up 15% from FY 2022). Net income: JP¥5.09b (down 17% from FY 2022). Profit margin: 15% (down from 20% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.7%. Earnings per share (EPS) also surpassed analyst estimates by 10%. Revenue is forecast to grow 6.9% p.a. on average during the next 2 years, compared to a 4.2% 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 3% per year. Announcement • Nov 13
Nissei ASB Machine Co., Ltd., Annual General Meeting, Dec 19, 2023 Nissei ASB Machine Co., Ltd., Annual General Meeting, Dec 19, 2023. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥120 per share at 2.6% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 29 November 2023. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (2.1%). Price Target Changed • Sep 13
Price target decreased by 9.4% to JP¥4,510 Down from JP¥4,980, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of JP¥4,420. Stock is up 8.3% over the past year. The company is forecast to post earnings per share of JP¥308 for next year compared to JP¥409 last year. Announcement • Sep 02
Nissei ASB Machine Co., Ltd. to Report Fiscal Year 2023 Results on Nov 10, 2023 Nissei ASB Machine Co., Ltd. announced that they will report fiscal year 2023 results on Nov 10, 2023 Reported Earnings • Aug 09
Third quarter 2023 earnings released: EPS: JP¥126 (vs JP¥135 in 3Q 2022) Third quarter 2023 results: EPS: JP¥126 (down from JP¥135 in 3Q 2022). Revenue: JP¥8.60b (up 8.9% from 3Q 2022). Net income: JP¥1.89b (down 6.5% from 3Q 2022). Profit margin: 22% (down from 26% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.9% 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 2% per year whereas the company’s share price has increased by 3% per year. Announcement • Jun 28
Nissei ASB Machine Co., Ltd. to Report Q3, 2023 Results on Aug 04, 2023 Nissei ASB Machine Co., Ltd. announced that they will report Q3, 2023 results on Aug 04, 2023 Reported Earnings • May 14
Second quarter 2023 earnings released: EPS: JP¥96.92 (vs JP¥127 in 2Q 2022) Second quarter 2023 results: EPS: JP¥96.92 (down from JP¥127 in 2Q 2022). Revenue: JP¥8.59b (up 4.2% from 2Q 2022). Net income: JP¥1.45b (down 24% from 2Q 2022). Profit margin: 17% (down from 23% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 9% per year and the company’s share price has also increased by 9% per year. Reported Earnings • Feb 12
First quarter 2023 earnings released: EPS: JP¥3.14 (vs JP¥75.04 in 1Q 2022) First quarter 2023 results: EPS: JP¥3.14 (down from JP¥75.04 in 1Q 2022). Revenue: JP¥6.93b (up 1.3% from 1Q 2022). Net income: JP¥47.0m (down 96% from 1Q 2022). Profit margin: 0.7% (down from 16% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 4.5% 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 1% per year, which means it is significantly lagging earnings growth. Announcement • Dec 14
Nissei ASB Machine Co., Ltd. to Report Q1, 2023 Results on Feb 10, 2023 Nissei ASB Machine Co., Ltd. announced that they will report Q1, 2023 results on Feb 10, 2023 Valuation Update With 7 Day Price Move • Dec 05
Investor sentiment improved over the past week After last week's 17% share price gain to JP¥4,755, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 10x in the Machinery industry in Japan. Total returns to shareholders of 6.7% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥4,813 per share. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 8 highly experienced directors. No independent directors (9 non-independent directors). External Director Keiji Himori was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Announcement • Nov 12
Nissei ASB Machine Co., Ltd., Annual General Meeting, Dec 16, 2022 Nissei ASB Machine Co., Ltd., Annual General Meeting, Dec 16, 2022. Reported Earnings • Nov 11
Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2022 results: EPS: JP¥409 (down from JP¥446 in FY 2021). Revenue: JP¥30.3b (down 16% from FY 2021). Net income: JP¥6.13b (down 8.2% from FY 2021). Profit margin: 20% (up from 19% in FY 2021). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) exceeded analyst estimates by 6.4%. Revenue is forecast to grow 7.2% p.a. on average during the next 2 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 24% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥100.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 30 November 2022. Payout ratio is a comfortable 25% but the company is not cash flow positive. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (2.4%). Major Estimate Revision • Sep 13
Consensus EPS estimates increase by 33% The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from JP¥30.3b to JP¥30.6b. EPS estimate increased from JP¥290 to JP¥384 per share. Net income forecast to shrink 14% next year vs 9.0% growth forecast for Machinery industry in Japan . Consensus price target of JP¥3,865 unchanged from last update. Share price rose 5.3% to JP¥4,255 over the past week. Announcement • Sep 04
Nissei ASB Machine Co., Ltd. to Report Fiscal Year 2022 Results on Nov 09, 2022 Nissei ASB Machine Co., Ltd. announced that they will report fiscal year 2022 results on Nov 09, 2022 Reported Earnings • Aug 07
Third quarter 2022 earnings released: EPS: JP¥135 (vs JP¥116 in 3Q 2021) Third quarter 2022 results: EPS: JP¥135 (up from JP¥116 in 3Q 2021). Revenue: JP¥7.90b (down 17% from 3Q 2021). Net income: JP¥2.02b (up 16% from 3Q 2021). Profit margin: 26% (up from 18% in 3Q 2021). The increase in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 2.2%, 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 28% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • May 29
Nissei ASB Machine Co., Ltd. to Report Q3, 2022 Results on Aug 05, 2022 Nissei ASB Machine Co., Ltd. announced that they will report Q3, 2022 results on Aug 05, 2022 Reported Earnings • May 13
Second quarter 2022 earnings: EPS in line with expectations, revenues disappoint Second quarter 2022 results: EPS: JP¥127 (down from JP¥178 in 2Q 2021). Revenue: JP¥8.24b (down 18% from 2Q 2021). Net income: JP¥1.91b (down 29% from 2Q 2021). Profit margin: 23% (down from 27% in 2Q 2021). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is expected to shrink by 3.9% compared to a 8.0% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Price Target Changed • Apr 27
Price target decreased to JP¥3,290 Down from JP¥7,085, the current price target is an average from 3 analysts. New target price is 12% above last closing price of JP¥2,943. Stock is down 44% over the past year. The company is forecast to post earnings per share of JP¥258 for next year compared to JP¥446 last year. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 8 highly experienced directors. No independent directors (9 non-independent directors). External Director Keiji Himori was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Announcement • Apr 08
Nissei ASB Machine Co., Ltd. to Report Q2, 2022 Results on May 11, 2022 Nissei ASB Machine Co., Ltd. announced that they will report Q2, 2022 results on May 11, 2022 Reported Earnings • Feb 10
First quarter 2022 earnings: EPS in line with expectations, revenues disappoint First quarter 2022 results: EPS: JP¥75.04 (down from JP¥85.71 in 1Q 2021). Revenue: JP¥6.85b (down 13% from 1Q 2021). Net income: JP¥1.13b (down 13% from 1Q 2021). Profit margin: 16% (in line with 1Q 2021). Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is expected to shrink by 10% compared to a 8.2% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Nov 17
Investor sentiment deteriorated over the past week After last week's 17% share price decline to JP¥3,180, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 13x in the Machinery industry in Japan. Total loss to shareholders of 12% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥5,974 per share. Reported Earnings • Nov 11
Full year 2021 earnings released: EPS JP¥446 (vs JP¥283 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥35.9b (up 32% from FY 2020). Net income: JP¥6.68b (up 58% from FY 2020). Profit margin: 19% (up from 16% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥100.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 30 November 2021. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (1.4%). Price Target Changed • Aug 23
Price target decreased to JP¥5,480 Down from JP¥7,085, the current price target is an average from 4 analysts. New target price is 36% above last closing price of JP¥4,030. Stock is up 12% over the past year. Reported Earnings • Aug 09
Third quarter 2021 earnings released: EPS JP¥116 (vs JP¥29.22 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥9.50b (up 82% from 3Q 2020). Net income: JP¥1.74b (up 298% from 3Q 2020). Profit margin: 18% (up from 8.4% in 3Q 2020). The increase in margin was driven by higher revenue. 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. Major Estimate Revision • Jun 22
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 EPS estimate increased from JP¥349 to JP¥385. Revenue forecast unchanged at JP¥36.9b. Net income forecast to shrink 9.0% next year vs 27% growth forecast for Machinery industry in Japan . Consensus price target of JP¥7,085 unchanged from last update. Share price fell 7.9% to JP¥4,865 over the past week. Reported Earnings • May 14
Second quarter 2021 earnings released: EPS JP¥178 (vs JP¥71.04 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥9.99b (up 57% from 2Q 2020). Net income: JP¥2.68b (up 151% from 2Q 2020). Profit margin: 27% (up from 17% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has remained flat. Announcement • Feb 28
Nissei Asb Machine Co., Ltd. to Report Q2, 2021 Results on May 12, 2021 Nissei Asb Machine Co., Ltd. announced that they will report Q2, 2021 results on May 12, 2021 Is New 90 Day High Low • Feb 26
New 90-day low: JP¥5,370 The company is down 7.0% from its price of JP¥5,780 on 27 November 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥10,388 per share. Reported Earnings • Feb 12
First quarter 2021 earnings released: EPS JP¥85.71 (vs JP¥51.43 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: JP¥7.89b (up 34% from 1Q 2020). Net income: JP¥1.29b (up 67% from 1Q 2020). Profit margin: 16% (up from 13% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Jan 08
Investor sentiment improved over the past week After last week's 15% share price gain to JP¥6,790, the stock is trading at a trailing P/E ratio of 24x, up from the previous P/E ratio of 20.8x. This compares to an average P/E of 16x in the Machinery industry in Japan. Total return to shareholders over the past three years is a loss of 4.9%. Is New 90 Day High Low • Jan 04
New 90-day high: JP¥6,350 The company is up 48% from its price of JP¥4,285 on 06 October 2020. The Japanese market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥4,248 per share. Is New 90 Day High Low • Dec 18
New 90-day high: JP¥6,160 The company is up 45% from its price of JP¥4,250 on 18 September 2020. The Japanese market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥4,255 per share. Announcement • Dec 03
Nissei Asb Machine Co., Ltd. to Report Q1, 2021 Results on Feb 10, 2021 Nissei Asb Machine Co., Ltd. announced that they will report Q1, 2021 results on Feb 10, 2021 Is New 90 Day High Low • Dec 02
New 90-day high: JP¥6,010 The company is up 49% from its price of JP¥4,035 on 03 September 2020. The Japanese market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥2,939 per share. Price Target Changed • Dec 01
Price target raised to JP¥5,700 Up from JP¥3,700, the current price target is an average from 2 analysts. The new target price is close to the current share price of JP¥5,720. As of last close, the stock is up 15% over the past year. Announcement • Sep 03
Nissei Asb Machine Co., Ltd. to Report Fiscal Year 2020 Results on Nov 11, 2020 Nissei Asb Machine Co., Ltd. announced that they will report fiscal year 2020 results on Nov 11, 2020