Reported Earnings • Jun 21
Full year 2026 earnings: EPS and revenues miss analyst expectations Full year 2026 results: EPS: JP¥185 (up from JP¥183 in FY 2025). Revenue: JP¥27.0b (up 1.5% from FY 2025). Net income: JP¥1.49b (up 1.1% from FY 2025). Profit margin: 5.5% (in line with FY 2025). Revenue missed analyst estimates by 3.6%. Earnings per share (EPS) also missed analyst estimates by 15%. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 5% per year. New Risk • May 20
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥15.8b (US$99.5m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (JP¥15.8b market cap, or US$99.5m). Reported Earnings • May 18
Full year 2026 earnings: EPS and revenues miss analyst expectations Full year 2026 results: EPS: JP¥185 (up from JP¥183 in FY 2025). Revenue: JP¥27.0b (up 1.5% from FY 2025). Net income: JP¥1.49b (up 1.1% from FY 2025). Profit margin: 5.5% (in line with FY 2025). Revenue missed analyst estimates by 3.6%. Earnings per share (EPS) also missed analyst estimates by 15%. Revenue is forecast to grow 7.9% p.a. on average during the next 2 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 fallen by 4% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Announcement • May 14
Okada Aiyon Corporation, Annual General Meeting, Jun 19, 2026 Okada Aiyon Corporation, Annual General Meeting, Jun 19, 2026. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥75.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 23 June 2026. Payout ratio is a comfortable 37% but the company is not cash flow positive. Trailing yield: 3.4%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%). Reported Earnings • Feb 14
Third quarter 2026 earnings released: EPS: JP¥69.16 (vs JP¥68.73 in 3Q 2025) Third quarter 2026 results: EPS: JP¥69.16 (up from JP¥68.73 in 3Q 2025). Revenue: JP¥6.71b (up 3.5% from 3Q 2025). Net income: JP¥557.0m (flat on 3Q 2025). Profit margin: 8.3% (down from 8.5% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.1% p.a. on average during the next 3 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 remained flat but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Reported Earnings • Nov 17
Second quarter 2026 earnings released: EPS: JP¥64.70 (vs JP¥39.07 in 2Q 2025) Second quarter 2026 results: EPS: JP¥64.70 (up from JP¥39.07 in 2Q 2025). Revenue: JP¥6.73b (down 2.1% from 2Q 2025). Net income: JP¥521.0m (up 66% from 2Q 2025). Profit margin: 7.7% (up from 4.6% in 2Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.9% 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 2% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Nov 15
Dividend of JP¥75.00 announced Shareholders will receive a dividend of JP¥75.00. Ex-date: 30th March 2026 Payment date: 23rd June 2026 Dividend yield will be 3.5%, which is higher than the industry average of 2.1%. 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 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 53% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 09
First quarter 2026 earnings released: EPS: JP¥40.76 (vs JP¥51.90 in 1Q 2025) First quarter 2026 results: EPS: JP¥40.76 (down from JP¥51.90 in 1Q 2025). Revenue: JP¥6.16b (flat on 1Q 2025). Net income: JP¥328.0m (down 21% from 1Q 2025). Profit margin: 5.3% (down from 6.7% in 1Q 2025). Revenue is forecast to grow 6.0% 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 5% per year whereas the company’s share price has increased by 10% per year. Reported Earnings • Jun 20
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: JP¥183 (down from JP¥235 in FY 2024). Revenue: JP¥26.6b (down 1.9% from FY 2024). Net income: JP¥1.48b (down 22% from FY 2024). Profit margin: 5.5% (down from 7.0% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 7.8%. Revenue is forecast to grow 5.5% 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 10% per year whereas the company’s share price has increased by 9% per year. Reported Earnings • May 19
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: JP¥183 (down from JP¥235 in FY 2024). Revenue: JP¥26.6b (down 1.9% from FY 2024). Net income: JP¥1.48b (down 22% from FY 2024). Profit margin: 5.5% (down from 7.0% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 7.8%. Revenue is forecast to grow 9.5% 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 10% per year whereas the company’s share price has increased by 7% per year. Announcement • May 14
Okada Aiyon Corporation, Annual General Meeting, Jun 20, 2025 Okada Aiyon Corporation, Annual General Meeting, Jun 20, 2025. New Risk • Apr 07
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥13.5b (US$92.2m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Minor Risks Dividend is not well covered by cash flows (115% cash payout ratio). Market cap is less than US$100m (JP¥13.5b market cap, or US$92.2m). Announcement • Mar 27
Okada Aiyon Corporation to Report Fiscal Year 2025 Results on May 14, 2025 Okada Aiyon Corporation announced that they will report fiscal year 2025 results on May 14, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥74.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 20 June 2025. Payout ratio is a comfortable 36% but the company is paying out more than the cash it is generating. Trailing yield: 3.6%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.1%). Reported Earnings • Feb 15
Third quarter 2025 earnings released: EPS: JP¥68.73 (vs JP¥64.67 in 3Q 2024) Third quarter 2025 results: EPS: JP¥68.73 (up from JP¥64.67 in 3Q 2024). Revenue: JP¥6.48b (down 8.6% from 3Q 2024). Net income: JP¥553.0m (up 6.6% from 3Q 2024). Profit margin: 8.5% (up from 7.3% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 8.3% 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 14% per year and the company’s share price has also increased by 14% per year. New Risk • Nov 26
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 14% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Minor Risks Dividend is not well covered by cash flows (115% cash payout ratio). Market cap is less than US$100m (JP¥15.0b market cap, or US$97.7m). Declared Dividend • Nov 16
Dividend of JP¥74.00 announced Shareholders will receive a dividend of JP¥74.00. Ex-date: 28th March 2025 Payment date: 20th June 2025 Dividend yield will be 3.9%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is well covered by both earnings (31% earnings payout ratio) and cash flows (49% cash payout ratio). The dividend has increased by an average of 22% 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 75% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • Nov 15
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥15.3b (US$98.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. This is currently the only risk that has been identified for the company. New Risk • Sep 17
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 14
First quarter 2025 earnings released: EPS: JP¥51.90 (vs JP¥61.45 in 1Q 2024) First quarter 2025 results: EPS: JP¥51.90 (down from JP¥61.45 in 1Q 2024). Revenue: JP¥6.20b (down 2.5% from 1Q 2024). Net income: JP¥417.0m (down 15% from 1Q 2024). Profit margin: 6.7% (down from 7.8% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 8.0% 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 increased by 22% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to JP¥1,921, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 12x in the Machinery industry in Japan. Total returns to shareholders of 57% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Jun 23
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: JP¥235 (up from JP¥176 in FY 2023). Revenue: JP¥27.1b (up 15% from FY 2023). Net income: JP¥1.89b (up 33% from FY 2023). Profit margin: 7.0% (up from 6.0% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.5%. Earnings per share (EPS) also missed analyst estimates by 21%. Revenue is forecast to grow 7.3% 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 increased by 24% per year whereas the company’s share price has increased by 23% per year. Valuation Update With 7 Day Price Move • May 17
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥2,530, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 13x in the Machinery industry in Japan. Total returns to shareholders of 123% over the past three years. New Risk • May 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.0% 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 Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.0% average weekly change). Reported Earnings • May 12
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: JP¥235 (up from JP¥176 in FY 2023). Revenue: JP¥27.1b (up 15% from FY 2023). Net income: JP¥1.89b (up 33% from FY 2023). Profit margin: 7.0% (up from 6.0% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.5%. Earnings per share (EPS) also missed analyst estimates by 21%. Revenue is forecast to grow 8.4% 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 increased by 24% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 12
Okada Aiyon Corporation, Annual General Meeting, Jun 19, 2024 Okada Aiyon Corporation, Annual General Meeting, Jun 19, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥65.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 26 June 2024. Payout ratio is a comfortable 15% but the company is not cash flow positive. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.9%). Reported Earnings • Feb 11
Third quarter 2024 earnings released: EPS: JP¥64.66 (vs JP¥24.68 in 3Q 2023) Third quarter 2024 results: EPS: JP¥64.66 (up from JP¥24.68 in 3Q 2023). Revenue: JP¥7.09b (up 33% from 3Q 2023). Net income: JP¥519.0m (up 162% from 3Q 2023). Profit margin: 7.3% (up from 3.7% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.1% 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 24% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 12
Second quarter 2024 earnings released: EPS: JP¥76.24 (vs JP¥50.61 in 2Q 2023) Second quarter 2024 results: EPS: JP¥76.24 (up from JP¥50.61 in 2Q 2023). Revenue: JP¥7.04b (up 17% from 2Q 2023). Net income: JP¥612.0m (up 51% from 2Q 2023). Profit margin: 8.7% (up from 6.8% in 2Q 2023). The increase in margin was driven by higher revenue. 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 22% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 14
First quarter 2024 earnings released: EPS: JP¥61.44 (vs JP¥47.28 in 1Q 2023) First quarter 2024 results: EPS: JP¥61.44 (up from JP¥47.28 in 1Q 2023). Revenue: JP¥6.36b (up 12% from 1Q 2023). Net income: JP¥493.0m (up 30% from 1Q 2023). Profit margin: 7.8% (up from 6.7% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.4% 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 20% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jun 12
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥2,211, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Machinery industry in Japan. Total returns to shareholders of 163% over the past three years. Reported Earnings • May 14
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: JP¥176 (up from JP¥149 in FY 2022). Revenue: JP¥23.6b (up 16% from FY 2022). Net income: JP¥1.41b (up 19% from FY 2022). Profit margin: 6.0% (up from 5.9% in FY 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.9%. Earnings per share (EPS) also surpassed analyst estimates by 3.2%. Revenue is forecast to grow 7.8% 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 increased by 19% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 13
Okada Aiyon Corporation, Annual General Meeting, Jun 23, 2023 Okada Aiyon Corporation, Annual General Meeting, Jun 23, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥38.00 per share at 1.9% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 20 June 2023. Payout ratio is a comfortable 19% but the company is not cash flow positive. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (2.4%). Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: JP¥24.66 (vs JP¥24.08 in 3Q 2022) Third quarter 2023 results: EPS: JP¥24.66 (up from JP¥24.08 in 3Q 2022). Revenue: JP¥5.32b (up 15% from 3Q 2022). Net income: JP¥198.0m (up 2.6% from 3Q 2022). Profit margin: 3.7% (down from 4.2% in 3Q 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 18% per year whereas the company’s share price has increased by 13% per year. Announcement • Feb 11
Okada Aiyon Corporation Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2023 Okada Aiyon Corporation provided consolidated earnings guidance for the fiscal year ending March 31, 2023. For the year, the company expects net sales of JPY 22,500 million, operating profit of JPY 2,065 million, profit attributable to owners of parent of JPY 1,425 million and basic earnings per share of JPY 177.70. Announcement • Nov 30
Okada Aiyon Corporation to Report Q3, 2023 Results on Feb 10, 2023 Okada Aiyon Corporation announced that they will report Q3, 2023 results on Feb 10, 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. 6 experienced directors. 5 highly experienced directors. No independent directors (8 non-independent directors). External Director Tomio Okamoto 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 • Aug 31
Okada Aiyon Corporation to Report Q2, 2023 Results on Nov 11, 2022 Okada Aiyon Corporation announced that they will report Q2, 2023 results on Nov 11, 2022 Reported Earnings • Aug 12
First quarter 2023 earnings released: EPS: JP¥47.28 (vs JP¥37.24 in 1Q 2022) First quarter 2023 results: EPS: JP¥47.28 (up from JP¥37.24 in 1Q 2022). Revenue: JP¥5.68b (up 22% from 1Q 2022). Net income: JP¥379.0m (up 27% from 1Q 2022). Profit margin: 6.7% (up from 6.4% in 1Q 2022). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 2.8%, 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 12% per year whereas the company’s share price has increased by 10% per year. Reported Earnings • Jun 22
Full year 2022 earnings released: EPS: JP¥149 (vs JP¥115 in FY 2021) Full year 2022 results: EPS: JP¥149 (up from JP¥115 in FY 2021). Revenue: JP¥20.3b (up 15% from FY 2021). Net income: JP¥1.19b (up 30% from FY 2021). Profit margin: 5.9% (up from 5.2% 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 8% per year whereas the company’s share price has increased by 6% per year. Announcement • Jun 03
Okada Aiyon Corporation to Report Q1, 2023 Results on Aug 10, 2022 Okada Aiyon Corporation announced that they will report Q1, 2023 results on Aug 10, 2022 Reported Earnings • May 17
Full year 2022 earnings released: EPS: JP¥149 (vs JP¥115 in FY 2021) Full year 2022 results: EPS: JP¥149 (up from JP¥115 in FY 2021). Revenue: JP¥20.3b (up 15% from FY 2021). Net income: JP¥1.19b (up 30% from FY 2021). Profit margin: 5.9% (up from 5.2% 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 8% per year whereas the company’s share price has increased by 4% per year. Announcement • May 12
Okada Aiyon Corporation, Annual General Meeting, Jun 17, 2022 Okada Aiyon Corporation, Annual General Meeting, Jun 17, 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. 6 experienced directors. 6 highly experienced directors. No independent directors (9 non-independent directors). External Director Tomio Okamoto 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
Okada Aiyon Corporation to Report Fiscal Year 2022 Results on May 12, 2022 Okada Aiyon Corporation announced that they will report fiscal year 2022 results on May 12, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥32.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 28 June 2022. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.4%). In line with average of industry peers (2.0%). Reported Earnings • Feb 14
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥24.08 (up from JP¥18.26 in 3Q 2021). Revenue: JP¥4.64b (up 16% from 3Q 2021). Net income: JP¥193.0m (up 32% from 3Q 2021). Profit margin: 4.2% (up from 3.6% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has fallen by 1% per year. Reported Earnings • Nov 15
Second quarter 2022 earnings released: EPS JP¥45.07 (vs JP¥27.01 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥5.40b (up 21% from 2Q 2021). Net income: JP¥361.0m (up 67% from 2Q 2021). Profit margin: 6.7% (up from 4.8% in 2Q 2021). 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 but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 11
First quarter 2022 earnings released: EPS JP¥37.24 (vs JP¥30.58 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥4.66b (up 17% from 1Q 2021). Net income: JP¥298.0m (up 22% from 1Q 2021). Profit margin: 6.4% (up from 6.1% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Reported Earnings • May 16
Full year 2021 earnings released: EPS JP¥115 (vs JP¥109 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥17.6b (down 2.0% from FY 2020). Net income: JP¥919.0m (up 4.0% from FY 2020). Profit margin: 5.2% (up from 4.9% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥28.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 19 June 2021. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.1%). Announcement • Mar 04
Okada Aiyon Corporation to Report Fiscal Year 2021 Results on May 13, 2021 Okada Aiyon Corporation announced that they will report fiscal year 2021 results on May 13, 2021 Is New 90 Day High Low • Feb 25
New 90-day high: JP¥1,250 The company is up 22% from its price of JP¥1,021 on 27 November 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 8.0% over the same period. Reported Earnings • Feb 12
Third quarter 2021 earnings released: EPS JP¥18.26 (vs JP¥3.22 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥4.01b (up 12% from 3Q 2020). Net income: JP¥146.0m (up 462% from 3Q 2020). Profit margin: 3.6% (up from 0.7% 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 3% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Jan 06
New 90-day high: JP¥1,121 The company is up 1.0% from its price of JP¥1,113 on 08 October 2020. The Japanese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 13% over the same period. Announcement • Dec 05
Okada Aiyon Corporation to Report Q3, 2021 Results on Feb 10, 2021 Okada Aiyon Corporation announced that they will report Q3, 2021 results on Feb 10, 2021 Announcement • Sep 21
Okada Aiyon Corporation(TSE:6294) dropped from S&P Global BMI Index Okada Aiyon Corporation(TSE:6294) dropped from S&P Global BMI Index 
