Announcement • Jun 01
TOLI Corporation to Report Q1, 2027 Results on Jul 30, 2026 TOLI Corporation announced that they will report Q1, 2027 results on Jul 30, 2026 Reported Earnings • May 09
Full year 2026 earnings released: EPS: JP¥76.86 (vs JP¥59.62 in FY 2025) Full year 2026 results: EPS: JP¥76.86 (up from JP¥59.62 in FY 2025). Revenue: JP¥112.3b (up 6.3% from FY 2025). Net income: JP¥4.46b (up 27% from FY 2025). Profit margin: 4.0% (up from 3.3% in FY 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥22.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 19 June 2026. Payout ratio is a comfortable 35% but the company is paying out more than the cash it is generating. Trailing yield: 4.8%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.3%). Reported Earnings • Feb 07
Third quarter 2026 earnings released: EPS: JP¥23.93 (vs JP¥16.51 in 3Q 2025) Third quarter 2026 results: EPS: JP¥23.93 (up from JP¥16.51 in 3Q 2025). Revenue: JP¥29.5b (up 6.9% from 3Q 2025). Net income: JP¥1.39b (up 44% from 3Q 2025). Profit margin: 4.7% (up from 3.5% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 48% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 05
TOLI Corporation (TSE:7971) announces an Equity Buyback for 1,500,000 shares, representing 2.58% for ¥1,300 million. TOLI Corporation (TSE:7971) announces a share repurchase program. Under the program, the company will repurchase up to 1,500,000 shares, representing 2.58% of its issued share capital (excluding treasury stock), for ¥1,300 million. The purpose of the program is to improve capital efficiency and implement flexible capital policies in response to changes in the business environment. The program will run until February 27, 2026. As of January 31, 2026, the company had 58,244,993 shares in issue (excluding treasury stock) and 1,884,256 shares in treasury. Announcement • Dec 27
TOLI Corporation to Report Q3, 2026 Results on Feb 05, 2026 TOLI Corporation announced that they will report Q3, 2026 results on Feb 05, 2026 Declared Dividend • Nov 27
First half dividend of JP¥22.00 announced Shareholders will receive a dividend of JP¥22.00. Ex-date: 30th March 2026 Payment date: 19th June 2026 Dividend yield will be 4.5%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is covered by earnings (24% earnings payout ratio) but not covered by cash flows (dividend approximately 26x free cash flows). The dividend has increased by an average of 16% 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. Earnings per share has grown by 24% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 07
Second quarter 2026 earnings released: EPS: JP¥12.21 (vs JP¥4.90 in 2Q 2025) Second quarter 2026 results: EPS: JP¥12.21 (up from JP¥4.90 in 2Q 2025). Revenue: JP¥27.2b (up 10% from 2Q 2025). Net income: JP¥711.0m (up 145% from 2Q 2025). Profit margin: 2.6% (up from 1.2% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 48% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 27 November 2025. Payout ratio is a comfortable 35% but the company is not cash flow positive. Trailing yield: 4.5%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.6%). Announcement • Sep 01
TOLI Corporation to Report Q2, 2026 Results on Nov 05, 2025 TOLI Corporation announced that they will report Q2, 2026 results on Nov 05, 2025 Reported Earnings • Jul 31
First quarter 2026 earnings released: EPS: JP¥6.51 (vs JP¥6.74 in 1Q 2025) First quarter 2026 results: EPS: JP¥6.51 (down from JP¥6.74 in 1Q 2025). Revenue: JP¥25.1b (up 11% from 1Q 2025). Net income: JP¥379.0m (down 5.0% from 1Q 2025). Profit margin: 1.5% (down from 1.8% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Jul 23
Now 20% overvalued Over the last 90 days, the stock has fallen 1.4% to JP¥492. The fair value is estimated to be JP¥410, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.2% over the last 3 years. Earnings per share has grown by 43%. Declared Dividend • Jul 09
Final dividend of JP¥10.00 announced Shareholders will receive a dividend of JP¥10.00. Ex-date: 29th September 2025 Payment date: 27th November 2025 Dividend yield will be 5.3%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is covered by earnings (36% 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 14% 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. Earnings per share has grown by 12% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Jul 04
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 11% to JP¥493. The fair value is estimated to be JP¥410, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.2% over the last 3 years. Earnings per share has grown by 43%. Reported Earnings • Jun 21
Full year 2025 earnings released: EPS: JP¥59.62 (vs JP¥61.69 in FY 2024) Full year 2025 results: EPS: JP¥59.62 (down from JP¥61.69 in FY 2024). Revenue: JP¥105.7b (up 3.2% from FY 2024). Net income: JP¥3.51b (down 4.9% from FY 2024). Profit margin: 3.3% (down from 3.6% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Jun 06
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 3.6% to JP¥483. The fair value is estimated to be JP¥402, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.2% over the last 3 years. Earnings per share has grown by 43%. Announcement • May 31
TOLI Corporation to Report Q1, 2026 Results on Jul 30, 2025 TOLI Corporation announced that they will report Q1, 2026 results on Jul 30, 2025 Buy Or Sell Opportunity • May 20
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 2.8% to JP¥481. The fair value is estimated to be JP¥400, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.2% over the last 3 years. Earnings per share has grown by 43%. Reported Earnings • May 09
Full year 2025 earnings released: EPS: JP¥59.62 (vs JP¥61.69 in FY 2024) Full year 2025 results: EPS: JP¥59.62 (down from JP¥61.69 in FY 2024). Revenue: JP¥105.7b (up 3.2% from FY 2024). Net income: JP¥3.51b (down 4.9% from FY 2024). Profit margin: 3.3% (down from 3.6% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Announcement • May 08
TOLI Corporation, Annual General Meeting, Jun 18, 2025 TOLI Corporation, Annual General Meeting, Jun 18, 2025. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥14.00 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 not cash flow positive. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.4%). Announcement • Mar 04
TOLI Corporation to Report Fiscal Year 2025 Results on May 08, 2025 TOLI Corporation announced that they will report fiscal year 2025 results on May 08, 2025 Reported Earnings • Feb 06
Third quarter 2025 earnings released: EPS: JP¥16.51 (vs JP¥18.09 in 3Q 2024) Third quarter 2025 results: EPS: JP¥16.51 (down from JP¥18.09 in 3Q 2024). Revenue: JP¥27.6b (up 3.2% from 3Q 2024). Net income: JP¥968.0m (down 10% from 3Q 2024). Profit margin: 3.5% (down from 4.0% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Announcement • Nov 30
TOLI Corporation to Report Q3, 2025 Results on Feb 05, 2025 TOLI Corporation announced that they will report Q3, 2025 results on Feb 05, 2025 Declared Dividend • Nov 28
First half dividend of JP¥14.00 announced Shareholders will receive a dividend of JP¥14.00. Ex-date: 28th March 2025 Payment date: 20th June 2025 Dividend yield will be 4.2%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is covered by earnings (27% 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 14% 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. Earnings per share has grown by 17% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. New Risk • Nov 08
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 4.2% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.3% average weekly change). New Risk • Nov 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 6.4% 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 • Nov 03
Second quarter 2025 earnings released: EPS: JP¥4.90 (vs JP¥7.94 in 2Q 2024) Second quarter 2025 results: EPS: JP¥4.90 (down from JP¥7.94 in 2Q 2024). Revenue: JP¥24.7b (up 2.5% from 2Q 2024). Net income: JP¥290.0m (down 39% from 2Q 2024). Profit margin: 1.2% (down from 2.0% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Nov 01
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to JP¥490, the stock trades at a trailing P/E ratio of 7.8x. Average trailing P/E is 11x in the Building industry in Japan. Total returns to shareholders of 139% over the past three years. Buy Or Sell Opportunity • Nov 01
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 25% to JP¥490. The fair value is estimated to be JP¥408, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.3% over the last 3 years. Earnings per share has grown by 51%. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 29 November 2024. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 4.9%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.5%). Announcement • Aug 29
TOLI Corporation to Report Q2, 2025 Results on Nov 01, 2024 TOLI Corporation announced that they will report Q2, 2025 results on Nov 01, 2024 Declared Dividend • Aug 22
Dividend of JP¥5.00 announced Shareholders will receive a dividend of JP¥5.00. Ex-date: 27th September 2024 Payment date: 29th November 2024 Dividend yield will be 5.6%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is covered by both earnings (31% earnings payout ratio) and cash flows (74% cash payout ratio). The dividend has increased by an average of 14% 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. Earnings per share has grown by 18% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 02
First quarter 2025 earnings released: EPS: JP¥6.74 (vs JP¥6.50 in 1Q 2024) First quarter 2025 results: EPS: JP¥6.74 (up from JP¥6.50 in 1Q 2024). Revenue: JP¥22.7b (up 1.7% from 1Q 2024). Net income: JP¥399.0m (up 2.0% from 1Q 2024). Profit margin: 1.8% (in line with 1Q 2024). Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jun 23
Full year 2024 earnings released: EPS: JP¥61.69 (vs JP¥42.56 in FY 2023) Full year 2024 results: EPS: JP¥61.69 (up from JP¥42.56 in FY 2023). Revenue: JP¥102.5b (up 7.6% from FY 2023). Net income: JP¥3.69b (up 44% from FY 2023). Profit margin: 3.6% (up from 2.7% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Announcement • Jun 10
TOLI Corporation to Report Q1, 2025 Results on Jul 31, 2024 TOLI Corporation announced that they will report Q1, 2025 results on Jul 31, 2024 Announcement • May 10
TOLI Corporation, Annual General Meeting, Jun 19, 2024 TOLI Corporation, Annual General Meeting, Jun 19, 2024. Reported Earnings • May 09
Full year 2024 earnings released: EPS: JP¥61.69 (vs JP¥42.56 in FY 2023) Full year 2024 results: EPS: JP¥61.69 (up from JP¥42.56 in FY 2023). Revenue: JP¥102.5b (up 7.6% from FY 2023). Net income: JP¥3.69b (up 44% from FY 2023). Profit margin: 3.6% (up from 2.7% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥12.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 24 June 2024. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (2.1%). Announcement • Mar 02
TOLI Corporation to Report Fiscal Year 2024 Results on May 08, 2024 TOLI Corporation announced that they will report fiscal year 2024 results on May 08, 2024 Reported Earnings • Feb 04
Third quarter 2024 earnings released: EPS: JP¥18.09 (vs JP¥16.02 in 3Q 2023) Third quarter 2024 results: EPS: JP¥18.09 (up from JP¥16.02 in 3Q 2023). Revenue: JP¥26.8b (up 8.5% from 3Q 2023). Net income: JP¥1.08b (up 12% from 3Q 2023). Profit margin: 4.0% (up from 3.9% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Announcement • Dec 06
TOLI Corporation to Report Q3, 2024 Results on Feb 02, 2024 TOLI Corporation announced that they will report Q3, 2024 results on Feb 02, 2024 Reported Earnings • Nov 04
Second quarter 2024 earnings released Second quarter 2024 results: EPS: JP¥7.94. Revenue: JP¥24.2b (up 9.3% from 2Q 2023). Net income: JP¥478.0m (up JP¥478.0m from 2Q 2023). Profit margin: 2.0% (up from 0% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Nov 03
TOLI Corporation (TSE:7971) announces an Equity Buyback for 1,000,000 shares, representing 1.66% for ¥400 million. TOLI Corporation (TSE:7971) announces a share repurchase program. Under the program, the company will repurchase up to 1,000,000 shares, representing 1.66% of its issued share capital (excluding treasury stock), for ¥400 million. The purpose of the program is to improve capital efficiency and implement flexible capital policies in response to changes in the business environment. The program will run until December 29, 2023. As of October 31, 2023, the company had 60,185,636 shares in issue (excluding treasury stock) and 6,643,613 shares in treasury. Announcement • Sep 06
TOLI Corporation to Report Q2, 2024 Results on Nov 02, 2023 TOLI Corporation announced that they will report Q2, 2024 results on Nov 02, 2023 Reported Earnings • Aug 01
First quarter 2024 earnings released: EPS: JP¥6.50 (vs JP¥1.11 loss in 1Q 2023) First quarter 2024 results: EPS: JP¥6.50 (up from JP¥1.11 loss in 1Q 2023). Revenue: JP¥22.3b (up 8.0% from 1Q 2023). Net income: JP¥391.0m (up JP¥458.0m from 1Q 2023). Profit margin: 1.8% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 13% per year. Reported Earnings • Jun 28
Full year 2023 earnings released: EPS: JP¥42.56 (vs JP¥11.79 in FY 2022) Full year 2023 results: EPS: JP¥42.56 (up from JP¥11.79 in FY 2022). Revenue: JP¥95.2b (up 7.6% from FY 2022). Net income: JP¥2.56b (up 256% from FY 2022). Profit margin: 2.7% (up from 0.8% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Announcement • Jun 03
TOLI Corporation to Report Q1, 2024 Results on Jul 31, 2023 TOLI Corporation announced that they will report Q1, 2024 results on Jul 31, 2023 Announcement • May 11
TOLI Corporation, Annual General Meeting, Jun 22, 2023 TOLI Corporation, Annual General Meeting, Jun 22, 2023. Reported Earnings • May 10
Full year 2023 earnings released: EPS: JP¥42.56 (vs JP¥11.79 in FY 2022) Full year 2023 results: EPS: JP¥42.56 (up from JP¥11.79 in FY 2022). Revenue: JP¥95.2b (up 7.6% from FY 2022). Net income: JP¥2.56b (up 256% from FY 2022). Profit margin: 2.7% (up from 0.8% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥8.00 per share at 2.9% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 26 June 2023. Payout ratio is a comfortable 30% but the company is not cash flow positive. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.9%). Reported Earnings • Feb 04
Third quarter 2023 earnings released: EPS: JP¥16.02 (vs JP¥0.13 loss in 3Q 2022) Third quarter 2023 results: EPS: JP¥16.02 (up from JP¥0.13 loss in 3Q 2022). Revenue: JP¥24.7b (up 8.3% from 3Q 2022). Net income: JP¥964.0m (up JP¥972.0m from 3Q 2022). Profit margin: 3.9% (up from 0% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Announcement • Dec 29
TOLI Corporation to Report Q3, 2023 Results on Feb 03, 2023 TOLI Corporation announced that they will report Q3, 2023 results on Feb 03, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: JP¥22.1b (up 7.5% from 2Q 2022). Net income: JP¥0 (up JP¥25.0m from 2Q 2022). Profit margin: 0% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Board Change • Nov 16
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. 4 non-independent directors. Independent Outside Director Hidenobu Fujii was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 04
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: JP¥22.1b (up 7.5% from 2Q 2022). Net income: JP¥0 (up JP¥25.0m from 2Q 2022). Profit margin: 0% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Announcement • Sep 14
TOLI Corporation to Report Q2, 2023 Results on Nov 02, 2022 TOLI Corporation announced that they will report Q2, 2023 results on Nov 02, 2022 Reported Earnings • Jul 31
First quarter 2023 earnings released: JP¥1.11 loss per share (vs JP¥0.36 profit in 1Q 2022) First quarter 2023 results: JP¥1.11 loss per share (down from JP¥0.36 profit in 1Q 2022). Revenue: JP¥20.7b (up 5.1% from 1Q 2022). Net loss: JP¥67.0m (down 405% from profit in 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Announcement • May 12
TOLI Corporation, Annual General Meeting, Jun 23, 2022 TOLI Corporation, Annual General Meeting, Jun 23, 2022. Reported Earnings • May 11
Full year 2022 earnings released: EPS: JP¥11.79 (vs JP¥22.65 in FY 2021) Full year 2022 results: EPS: JP¥11.79 (down from JP¥22.65 in FY 2021). Revenue: JP¥88.5b (up 3.0% from FY 2021). Net income: JP¥720.0m (down 48% from FY 2021). Profit margin: 0.8% (down from 1.6% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. 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. 4 non-independent directors. Independent Outside Director Hidenobu Fujii was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 08
TOLI Corporation to Report Fiscal Year 2022 Results on May 09, 2022 TOLI Corporation announced that they will report fiscal year 2022 results on May 09, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥8.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 24 June 2022. Payout ratio is a comfortable 52% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.8%). Reported Earnings • Feb 03
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: JP¥0.13 loss per share (down from JP¥8.70 profit in 3Q 2021). Revenue: JP¥22.8b (flat on 3Q 2021). Net loss: JP¥8.00m (down 101% from profit in 3Q 2021). Profit margin: 0% (down from 2.3% in 3Q 2021). Revenue was in line with analyst estimates. 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 3% per year. Announcement • Feb 03
TOLI Corporation (TSE:7971) announces an Equity Buyback for 1,000,000 shares, representing 1.63% for ¥280 million. TOLI Corporation (TSE:7971) announces a share repurchase program. Under the program, the company will repurchase up to 1,000,000 shares, representing 1.63% of its issued share capital (excluding treasury stock), for ¥280 million. The purpose of the program is to improve capital efficiency and implement agile capital policies that respond to changes in the business environment. The program will run until June 30, 2022. As of January 31, 2022, the company had 61,186,720 shares in issue (excluding treasury stock) and 5,642,529 shares in treasury. Reported Earnings • Nov 02
Second quarter 2022 earnings released: JP¥0.41 loss per share (vs JP¥2.37 profit in 2Q 2021) The company reported a soft second quarter result with weaker earnings and weaker control over costs, although revenues improved. Second quarter 2022 results: Revenue: JP¥20.6b (up 2.0% from 2Q 2021). Net loss: JP¥25.0m (down 117% from profit in 2Q 2021). 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 9% per year. Reported Earnings • Aug 03
First quarter 2022 earnings released: EPS JP¥0.36 (vs JP¥4.00 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥19.7b (up 7.9% from 1Q 2021). Net income: JP¥22.0m (up JP¥267.0m from 1Q 2021). Profit margin: 0.1% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 11% per year. Reported Earnings • Jun 26
Full year 2021 earnings released: EPS JP¥22.65 (vs JP¥33.48 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥85.9b (down 9.3% from FY 2020). Net income: JP¥1.39b (down 33% from FY 2020). Profit margin: 1.6% (down from 2.2% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year whereas the company’s share price has fallen by 10% per year. Reported Earnings • May 12
Full year 2021 earnings released: EPS JP¥22.65 (vs JP¥33.48 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥85.9b (down 9.3% from FY 2020). Net income: JP¥1.39b (down 33% from FY 2020). Profit margin: 1.6% (down from 2.2% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year whereas the company’s share price has fallen by 13% per year. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥8.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 25 June 2021. Trailing yield: 3.1%. Within top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.3%). Announcement • Mar 21
TOLI Corporation to Report Fiscal Year 2021 Results on May 10, 2021 TOLI Corporation announced that they will report fiscal year 2021 results on May 10, 2021 Is New 90 Day High Low • Mar 09
New 90-day high: JP¥265 The company is up 5.0% from its price of JP¥252 on 09 December 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Building industry, which is up 1.0% over the same period. Reported Earnings • Feb 05
Third quarter 2021 earnings released: EPS JP¥8.69 (vs JP¥7.54 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: JP¥22.7b (down 4.7% from 3Q 2020). Net income: JP¥532.0m (up 15% from 3Q 2020). Profit margin: 2.3% (up from 1.9% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 17% per year whereas the company’s share price has fallen by 13% per year. Is New 90 Day High Low • Jan 05
New 90-day low: JP¥241 The company is down 12% from its price of JP¥274 on 07 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 Building industry, which is up 16% over the same period. Announcement • Dec 13
TOLI Corporation to Report Q3, 2021 Results on Feb 03, 2021 TOLI Corporation announced that they will report Q3, 2021 results on Feb 03, 2021 Announcement • Sep 06
TOLI Corporation to Report Q2, 2021 Results on Nov 02, 2020 TOLI Corporation announced that they will report Q2, 2021 results on Nov 02, 2020 
