Reported Earnings • Jun 03
Full year 2026 earnings: EPS and revenues exceed analyst expectations Full year 2026 results: EPS: JP¥612 (up from JP¥552 in FY 2025). Revenue: JP¥225.3b (up 5.7% from FY 2025). Net income: JP¥28.3b (up 8.3% from FY 2025). Profit margin: 13% (in line with FY 2025). Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 3.1%. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Apr 16
Now 20% undervalued Over the last 90 days, the stock has risen 1.1% to JP¥6,680. The fair value is estimated to be JP¥8,361, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.5% over the last 3 years. Earnings per share has grown by 14%. For the next 3 years, revenue is forecast to grow by 3.2% per annum. Earnings are forecast to decline by 1.2% per annum over the same time period. Reported Earnings • Apr 11
Full year 2026 earnings: EPS and revenues exceed analyst expectations Full year 2026 results: EPS: JP¥612 (up from JP¥552 in FY 2025). Revenue: JP¥225.3b (up 5.7% from FY 2025). Net income: JP¥28.3b (up 8.3% from FY 2025). Profit margin: 13% (in line with FY 2025). Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 3.1%. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 11
Takeuchi Mfg. Co., Ltd., Annual General Meeting, May 28, 2026 Takeuchi Mfg. Co., Ltd., Annual General Meeting, May 28, 2026. Announcement • Apr 03
Takeuchi Mfg. Co., Ltd. to Report Fiscal Year 2026 Results on Apr 10, 2026 Takeuchi Mfg. Co., Ltd. announced that they will report fiscal year 2026 results on Apr 10, 2026 New Risk • Mar 16
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Upcoming Dividend • Feb 19
Upcoming dividend of JP¥210 per share Eligible shareholders must have bought the stock before 26 February 2026. Payment date: 26 May 2026. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.5%). Reported Earnings • Jan 14
Third quarter 2026 earnings: EPS and revenues exceed analyst expectations Third quarter 2026 results: EPS: JP¥139. Revenue: JP¥58.7b (up 3.4% from 3Q 2025). Net income: JP¥6.42b (down 1.7% from 3Q 2025). Profit margin: 11% (in line with 3Q 2025). Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) also surpassed analyst estimates by 18%. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Machinery industry in Japan. Price Target Changed • Jan 14
Price target increased by 11% to JP¥6,400 Up from JP¥5,750, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of JP¥6,660. Stock is up 33% over the past year. The company is forecast to post earnings per share of JP¥591 for next year compared to JP¥552 last year. New Risk • Nov 28
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 5.5% 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. Announcement • Nov 04
Takeuchi Mfg. Co., Ltd. to Report Q3, 2026 Results on Jan 13, 2026 Takeuchi Mfg. Co., Ltd. announced that they will report Q3, 2026 results on Jan 13, 2026 New Risk • Oct 14
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 5.8% 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. Declared Dividend • Oct 12
Dividend of JP¥210 announced Shareholders will receive a dividend of JP¥210. Ex-date: 26th February 2026 Payment date: 26th May 2026 Dividend yield will be 4.0%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is covered by earnings (35% earnings payout ratio) but not covered by cash flows (187% cash payout ratio). The dividend has increased by an average of 39% 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 3.5% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Price Target Changed • Oct 11
Price target increased by 10% to JP¥4,986 Up from JP¥4,526, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of JP¥5,210. Stock is up 11% over the past year. The company is forecast to post earnings per share of JP¥564 for next year compared to JP¥552 last year. Reported Earnings • Oct 11
Second quarter 2026 earnings: EPS and revenues exceed analyst expectations Second quarter 2026 results: EPS: JP¥209 (up from JP¥176 in 2Q 2025). Revenue: JP¥63.5b (up 17% from 2Q 2025). Net income: JP¥9.64b (up 15% from 2Q 2025). Profit margin: 15% (in line with 2Q 2025). Revenue exceeded analyst estimates by 8.0%. Earnings per share (EPS) also surpassed analyst estimates by 14%. Revenue is forecast to grow 2.9% 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 23% per year and the company’s share price has also increased by 23% per year. Announcement • Jul 31
Takeuchi Mfg. Co., Ltd. to Report Q2, 2026 Results on Oct 10, 2025 Takeuchi Mfg. Co., Ltd. announced that they will report Q2, 2026 results on Oct 10, 2025 Reported Earnings • Jul 12
First quarter 2026 earnings: EPS and revenues exceed analyst expectations First quarter 2026 results: EPS: JP¥161 (down from JP¥178 in 1Q 2025). Revenue: JP¥50.6b (down 8.3% from 1Q 2025). Net income: JP¥7.42b (down 12% from 1Q 2025). Profit margin: 15% (in line with 1Q 2025). Revenue exceeded analyst estimates by 5.0%. Earnings per share (EPS) also surpassed analyst estimates by 22%. Revenue is forecast to grow 2.3% 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 27% per year whereas the company’s share price has increased by 26% per year. Price Target Changed • Jul 10
Price target decreased by 7.1% to JP¥4,188 Down from JP¥4,508, the current price target is an average from 5 analysts. New target price is 9.9% below last closing price of JP¥4,650. Stock is down 20% over the past year. The company is forecast to post earnings per share of JP¥434 for next year compared to JP¥552 last year. Price Target Changed • Jun 19
Price target decreased by 9.9% to JP¥4,508 Down from JP¥5,002, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of JP¥4,400. Stock is down 23% over the past year. The company is forecast to post earnings per share of JP¥450 for next year compared to JP¥552 last year. New Risk • Jun 06
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 2.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 2.6% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (187% cash payout ratio). Share price has been volatile over the past 3 months (7.2% average weekly change). Announcement • May 14
Takeuchi Mfg. Co., Ltd. to Report Q1, 2026 Results on Jul 10, 2025 Takeuchi Mfg. Co., Ltd. announced that they will report Q1, 2026 results on Jul 10, 2025 Major Estimate Revision • Apr 18
Consensus EPS estimates fall by 11%, revenue upgraded The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from JP¥191.2b to JP¥195.6b. EPS estimate fell from JP¥522 to JP¥466 per share. Net income forecast to shrink 8.9% next year vs 7.4% growth forecast for Machinery industry in Japan . Consensus price target down from JP¥5,002 to JP¥4,692. Share price fell 3.1% to JP¥4,380 over the past week. Reported Earnings • Apr 12
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: JP¥552. Revenue: JP¥213.2b (flat on FY 2024). Net income: JP¥26.1b (flat on FY 2024). Profit margin: 12% (in line with FY 2024). Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) also missed analyst estimates by 16%. Revenue is forecast to stay flat during the next 3 years compared to a 4.7% growth forecast for the Machinery industry in Japan. New Risk • Apr 07
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 5.8% 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: Major Risk Earnings are forecast to decline by an average of 4.8% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (354% cash payout ratio). Share price has been volatile over the past 3 months (5.8% average weekly change). Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥4,455, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 11x in the Machinery industry in Japan. Total returns to shareholders of 93% over the past three years. Upcoming Dividend • Feb 20
Upcoming dividend of JP¥200 per share Eligible shareholders must have bought the stock before 27 February 2025. Payment date: 30 May 2025. Payout ratio is a comfortable 24% 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 (3.8%). Higher than average of industry peers (2.3%). Announcement • Feb 05
Takeuchi Mfg. Co., Ltd. to Report Fiscal Year 2025 Results on Apr 11, 2025 Takeuchi Mfg. Co., Ltd. announced that they will report fiscal year 2025 results on Apr 11, 2025 Reported Earnings • Jan 15
Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2025 results: EPS: JP¥138 (up from JP¥132 in 3Q 2024). Revenue: JP¥56.8b (up 5.9% from 3Q 2024). Net income: JP¥6.53b (up 4.0% from 3Q 2024). Profit margin: 12% (in line with 3Q 2024). Revenue exceeded analyst estimates by 6.0%. Earnings per share (EPS) missed analyst estimates by 4.5%. Revenue is expected to decline by 1.1% p.a. on average during the next 3 years, while revenues in the Machinery industry in Japan are expected to grow by 4.6%. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Announcement • Oct 30
Takeuchi Mfg. Co., Ltd. to Report Q3, 2025 Results on Jan 10, 2025 Takeuchi Mfg. Co., Ltd. announced that they will report Q3, 2025 results on Jan 10, 2025 Announcement • Oct 10
Takeuchi Mfg. Co., Ltd. (TSE:6432) announces an Equity Buyback for 2,000,000 shares, representing 4.19% for ¥7,000 million. Takeuchi Mfg. Co., Ltd. (TSE:6432) announces a share repurchase program. Under the plan, the company will repurchase up to 2,000,000 shares, representing 4.19% of its share capital, for ¥ 7,000 million. The purpose of the repurchase program is to return profits to shareholders. The program is valid till January 31, 2025. As of September 30, 2024, the company had 47,744,971 issued shares (excluding treasury stock) and 1,254,029 treasury shares. New Risk • Aug 22
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 26% After last week's 26% share price decline to JP¥3,595, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 12x in the Machinery industry in Japan. Total returns to shareholders of 45% over the past three years. Announcement • Jul 30
Takeuchi Mfg. Co., Ltd. to Report Q2, 2025 Results on Oct 10, 2024 Takeuchi Mfg. Co., Ltd. announced that they will report Q2, 2025 results on Oct 10, 2024 Price Target Changed • Jul 20
Price target decreased by 11% to JP¥5,580 Down from JP¥6,260, the current price target is an average from 5 analysts. New target price is 6.3% above last closing price of JP¥5,250. Stock is up 19% over the past year. The company is forecast to post earnings per share of JP¥596 for next year compared to JP¥549 last year. Reported Earnings • Jul 16
First quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2025 results: EPS: JP¥178 (up from JP¥128 in 1Q 2024). Revenue: JP¥55.2b (up 4.0% from 1Q 2024). Net income: JP¥8.46b (up 39% from 1Q 2024). Profit margin: 15% (up from 12% in 1Q 2024). Revenue missed analyst estimates by 6.5%. Earnings per share (EPS) exceeded analyst estimates by 9.2%. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 32% per year whereas the company’s share price has increased by 28% per year. Reported Earnings • Jun 01
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: JP¥549 (up from JP¥335 in FY 2023). Revenue: JP¥212.6b (up 19% from FY 2023). Net income: JP¥26.1b (up 64% from FY 2023). Profit margin: 12% (up from 8.9% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) also surpassed analyst estimates by 6.9%. Revenue is forecast to grow 6.2% 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 30% per year whereas the company’s share price has increased by 27% per year. Announcement • May 10
Takeuchi Mfg. Co., Ltd. to Report Q1, 2025 Results on Jul 12, 2024 Takeuchi Mfg. Co., Ltd. announced that they will report Q1, 2025 results on Jul 12, 2024 Price Target Changed • Apr 28
Price target increased by 13% to JP¥6,000 Up from JP¥5,320, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of JP¥5,880. Stock is up 58% over the past year. The company is forecast to post earnings per share of JP¥537 for next year compared to JP¥549 last year. Reported Earnings • Apr 14
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: JP¥549 (up from JP¥335 in FY 2023). Revenue: JP¥212.6b (up 19% from FY 2023). Net income: JP¥26.1b (up 64% from FY 2023). Profit margin: 12% (up from 8.9% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) also surpassed analyst estimates by 6.9%. Revenue is forecast to grow 6.6% 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 30% per year whereas the company’s share price has increased by 27% per year. Announcement • Apr 14
Takeuchi Mfg. Co., Ltd., Annual General Meeting, May 29, 2024 Takeuchi Mfg. Co., Ltd., Annual General Meeting, May 29, 2024. Upcoming Dividend • Feb 21
Upcoming dividend of JP¥158 per share Eligible shareholders must have bought the stock before 28 February 2024. Payment date: 27 May 2024. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.3%). In line with average of industry peers (2.0%). Announcement • Feb 01
Takeuchi Mfg. Co., Ltd. to Report Fiscal Year 2024 Results on Apr 12, 2024 Takeuchi Mfg. Co., Ltd. announced that they will report fiscal year 2024 results on Apr 12, 2024 Reported Earnings • Jan 14
Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2024 results: EPS: JP¥132 (up from JP¥68.56 in 3Q 2023). Revenue: JP¥53.7b (up 14% from 3Q 2023). Net income: JP¥6.28b (up 92% from 3Q 2023). Profit margin: 12% (up from 7.0% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.5%. Earnings per share (EPS) missed analyst estimates by 1.6%. Revenue is forecast to grow 8.3% 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 increased by 28% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Price Target Changed • Dec 16
Price target decreased by 11% to JP¥4,800 Down from JP¥5,400, the current price target is an average from 4 analysts. New target price is 17% above last closing price of JP¥4,095. Stock is up 37% over the past year. The company is forecast to post earnings per share of JP¥484 for next year compared to JP¥335 last year. Announcement • Nov 02
Takeuchi Mfg. Co., Ltd. to Report Q3, 2024 Results on Jan 12, 2024 Takeuchi Mfg. Co., Ltd. announced that they will report Q3, 2024 results on Jan 12, 2024 Reported Earnings • Oct 13
Second quarter 2024 earnings: EPS exceeds analyst expectations Second quarter 2024 results: EPS: JP¥138 (up from JP¥71.94 in 2Q 2023). Revenue: JP¥52.1b (up 20% from 2Q 2023). Net income: JP¥6.57b (up 92% from 2Q 2023). Profit margin: 13% (up from 7.9% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 16%. Revenue is forecast to grow 11% 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 26% per year whereas the company’s share price has increased by 29% per year. Major Estimate Revision • Oct 13
Consensus EPS estimates increase by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from JP¥202.0b to JP¥204.4b. EPS estimate increased from JP¥402 to JP¥451 per share. Net income forecast to grow 22% next year vs 5.1% growth forecast for Machinery industry in Japan. Consensus price target up from JP¥5,100 to JP¥5,280. Share price rose 13% to JP¥5,110 over the past week. Price Target Changed • Sep 06
Price target increased by 10% to JP¥5,040 Up from JP¥4,580, the current price target is an average from 5 analysts. New target price is 7.3% above last closing price of JP¥4,695. Stock is up 78% over the past year. The company is forecast to post earnings per share of JP¥417 for next year compared to JP¥335 last year. Announcement • Aug 03
Takeuchi Mfg. Co., Ltd. to Report Q2, 2024 Results on Oct 12, 2023 Takeuchi Mfg. Co., Ltd. announced that they will report Q2, 2024 results on Oct 12, 2023 Reported Earnings • Jul 16
First quarter 2024 earnings released: EPS: JP¥128 (vs JP¥88.77 in 1Q 2023) First quarter 2024 results: EPS: JP¥128 (up from JP¥88.77 in 1Q 2023). Revenue: JP¥53.0b (up 25% from 1Q 2023). Net income: JP¥6.10b (up 44% from 1Q 2023). Profit margin: 12% (up from 10.0% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.9% 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 31% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Jul 14
Price target increased by 11% to JP¥4,580 Up from JP¥4,140, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of JP¥4,420. Stock is up 84% over the past year. The company is forecast to post earnings per share of JP¥390 for next year compared to JP¥335 last year. Reported Earnings • May 30
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: JP¥335 (up from JP¥280 in FY 2022). Revenue: JP¥179.0b (up 27% from FY 2022). Net income: JP¥16.0b (up 20% from FY 2022). Profit margin: 8.9% (in line with FY 2022). Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 6.4%. Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • May 18
Price target increased by 12% to JP¥4,040 Up from JP¥3,620, the current price target is an average from 5 analysts. New target price is 8.2% above last closing price of JP¥3,735. Stock is up 59% over the past year. The company is forecast to post earnings per share of JP¥359 for next year compared to JP¥335 last year. Announcement • May 13
Takeuchi Mfg. Co., Ltd. to Report Q1, 2024 Results on Jul 13, 2023 Takeuchi Mfg. Co., Ltd. announced that they will report Q1, 2024 results on Jul 13, 2023 Reported Earnings • Apr 13
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: JP¥335 (up from JP¥280 in FY 2022). Revenue: JP¥179.0b (up 27% from FY 2022). Net income: JP¥16.0b (up 20% from FY 2022). Profit margin: 8.9% (in line with FY 2022). Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 6.4%. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Apr 12
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥3,335, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 11x in the Machinery industry in Japan. Total returns to shareholders of 163% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥4,856 per share. Upcoming Dividend • Feb 20
Upcoming dividend of JP¥98.00 per share at 2.3% yield Eligible shareholders must have bought the stock before 27 February 2023. Payment date: 26 May 2023. Payout ratio is a comfortable 24% but the company is not cash flow positive. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (2.4%). Announcement • Feb 01
Takeuchi Mfg. Co., Ltd. to Report Fiscal Year 2023 Results on Apr 11, 2023 Takeuchi Mfg. Co., Ltd. announced that they will report fiscal year 2023 results on Apr 11, 2023 Reported Earnings • Jan 14
Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2023 results: EPS: JP¥68.56 (up from JP¥65.79 in 3Q 2022). Revenue: JP¥46.9b (up 44% from 3Q 2022). Net income: JP¥3.27b (up 4.2% from 3Q 2022). Profit margin: 7.0% (down from 9.6% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 6.6%. Earnings per share (EPS) missed analyst estimates by 29%. Revenue is forecast to grow 10% 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 19% per year whereas the company’s share price has increased by 16% per year. Price Target Changed • Nov 24
Price target increased to JP¥3,780 Up from JP¥3,460, the current price target is an average from 5 analysts. New target price is 22% above last closing price of JP¥3,105. Stock is up 11% over the past year. The company is forecast to post earnings per share of JP¥328 for next year compared to JP¥280 last year. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 5 experienced directors. 3 highly experienced directors. 2 independent directors (7 non-independent directors). Independent Outside Director Michio Iwabuchi was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Nov 04
Takeuchi Mfg. Co., Ltd. to Report Q3, 2023 Results on Jan 13, 2023 Takeuchi Mfg. Co., Ltd. announced that they will report Q3, 2023 results on Jan 13, 2023 Price Target Changed • Oct 22
Price target increased to JP¥3,600 Up from JP¥3,360, the current price target is an average from 5 analysts. New target price is 26% above last closing price of JP¥2,847. Stock is down 1.8% over the past year. The company is forecast to post earnings per share of JP¥304 for next year compared to JP¥280 last year. Reported Earnings • Oct 15
Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2023 results: EPS: JP¥71.94 (down from JP¥90.72 in 2Q 2022). Revenue: JP¥43.6b (up 6.7% from 2Q 2022). Net income: JP¥3.43b (down 21% from 2Q 2022). Profit margin: 7.9% (down from 11% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) missed analyst estimates by 4.7%. Revenue is forecast to grow 11% 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 17% per year and the company’s share price has also increased by 17% per year. Announcement • Aug 05
Takeuchi Mfg. Co., Ltd. to Report Q2, 2023 Results on Oct 13, 2022 Takeuchi Mfg. Co., Ltd. announced that they will report Q2, 2023 results on Oct 13, 2022 Reported Earnings • Jul 13
First quarter 2023 earnings: EPS and revenues exceed analyst expectations First quarter 2023 results: EPS: JP¥88.77 (up from JP¥66.16 in 1Q 2022). Revenue: JP¥42.4b (up 27% from 1Q 2022). Net income: JP¥4.23b (up 34% from 1Q 2022). Profit margin: 10.0% (in line with 1Q 2022). Revenue exceeded analyst estimates by 16%. Earnings per share (EPS) also surpassed analyst estimates by 46%. Over the next year, revenue is forecast to grow 13%, compared to a 9.5% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 13% per year. Reported Earnings • May 29
Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2022 results: EPS: JP¥280 (up from JP¥205 in FY 2021). Revenue: JP¥140.9b (up 26% from FY 2021). Net income: JP¥13.3b (up 37% from FY 2021). Profit margin: 9.5% (in line with FY 2021). Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) exceeded analyst estimates by 2.1%. Over the next year, revenue is forecast to grow 12%, compared to a 8.3% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 8% per year and the company’s share price has also increased by 8% per year. Announcement • May 02
Takeuchi Mfg. Co., Ltd. to Report Q1, 2023 Results on Jul 12, 2022 Takeuchi Mfg. Co., Ltd. announced that they will report Q1, 2023 results on Jul 12, 2022 Price Target Changed • Apr 27
Price target decreased to JP¥3,550 Down from JP¥3,925, the current price target is an average from 5 analysts. New target price is 53% above last closing price of JP¥2,324. Stock is down 23% over the past year. The company is forecast to post earnings per share of JP¥262 for next year compared to JP¥280 last year. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 7 non-independent directors. Independent Outside Director Michio Iwabuchi was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 14
Takeuchi Mfg. Co., Ltd., Annual General Meeting, May 25, 2022 Takeuchi Mfg. Co., Ltd., Annual General Meeting, May 25, 2022.