Announcement • May 10
Marufuji Sheet Piling Co.,Ltd. to Report Fiscal Year 2026 Results on May 14, 2026 Marufuji Sheet Piling Co.,Ltd. announced that they will report fiscal year 2026 results on May 14, 2026 New Risk • Mar 29
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥3.89b (US$24.3m) 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. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥180 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 29 June 2026. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.1%). Announcement • Feb 19
Marufuji Sheet Piling Co.,Ltd. (TSE:8046) announces an Equity Buyback for 170,000 shares, representing 4.75% for ¥897.6 million. Marufuji Sheet Piling Co.,Ltd. (TSE:8046) announces a share repurchase program. Under the program, the company will repurchase 170,000 shares, representing 4.75% of the outstanding shares for ¥897.6 million. The shares will be repurchased at ¥5,280 per share. The purpose of the program is to implement a flexible capital policy that responds to changes in the business environment. The Purchases will be made through sell orders equivalent to the number of shares to be acquired. As of December 31, 2025, the company had 3,578,899 shares in issue and 421,101 shares in treasury. Reported Earnings • Jan 31
Third quarter 2026 earnings released: EPS: JP¥188 (vs JP¥105 in 3Q 2025) Third quarter 2026 results: EPS: JP¥188 (up from JP¥105 in 3Q 2025). Revenue: JP¥11.1b (up 15% from 3Q 2025). Net income: JP¥674.0m (up 79% from 3Q 2025). Profit margin: 6.0% (up from 3.9% 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 21% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Dec 27
Marufuji Sheet Piling Co.,Ltd. to Report Q3, 2026 Results on Jan 30, 2026 Marufuji Sheet Piling Co.,Ltd. announced that they will report Q3, 2026 results on Jan 30, 2026 Reported Earnings • Nov 01
Second quarter 2026 earnings released: EPS: JP¥74.88 (vs JP¥67.90 in 2Q 2025) Second quarter 2026 results: EPS: JP¥74.88 (up from JP¥67.90 in 2Q 2025). Revenue: JP¥9.08b (up 7.2% from 2Q 2025). Net income: JP¥268.0m (up 10% from 2Q 2025). Profit margin: 3.0% (in line with 2Q 2025). Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 24% per year. Buy Or Sell Opportunity • Oct 28
Now 21% undervalued Over the last 90 days, the stock has risen 17% to JP¥3,745. The fair value is estimated to be JP¥4,769, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 21%. Announcement • Sep 26
Marufuji Sheet Piling Co.,Ltd. to Report Q2, 2026 Results on Oct 31, 2025 Marufuji Sheet Piling Co.,Ltd. announced that they will report Q2, 2026 results on Oct 31, 2025 Buy Or Sell Opportunity • Sep 18
Now 21% undervalued Over the last 90 days, the stock has risen 26% to JP¥3,745. The fair value is estimated to be JP¥4,714, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 21%. Buy Or Sell Opportunity • Sep 01
Now 20% undervalued Over the last 90 days, the stock has risen 28% to JP¥3,760. The fair value is estimated to be JP¥4,703, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 21%. Reported Earnings • Aug 02
First quarter 2026 earnings released: EPS: JP¥136 (vs JP¥90.52 in 1Q 2025) First quarter 2026 results: EPS: JP¥136 (up from JP¥90.52 in 1Q 2025). Revenue: JP¥9.51b (up 15% from 1Q 2025). Net income: JP¥488.0m (up 51% from 1Q 2025). Profit margin: 5.1% (up from 3.9% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year and the company’s share price has also increased by 21% per year. Announcement • Jun 29
Marufuji Sheet Piling Co.,Ltd. to Report Q1, 2026 Results on Jul 31, 2025 Marufuji Sheet Piling Co.,Ltd. announced that they will report Q1, 2026 results on Jul 31, 2025 Reported Earnings • Jun 25
Full year 2025 earnings released: EPS: JP¥429 (vs JP¥383 in FY 2024) Full year 2025 results: EPS: JP¥429 (up from JP¥383 in FY 2024). Revenue: JP¥35.6b (up 3.0% from FY 2024). Net income: JP¥1.53b (up 12% from FY 2024). Profit margin: 4.3% (up from 4.0% in FY 2024). The increase in margin was driven by higher revenue. 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 16% per year, which means it is significantly lagging earnings growth. New Risk • May 19
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 99% Dividend yield: 3.8% 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 Dividend is not well covered by cash flows (99% cash payout ratio). Market cap is less than US$100m (JP¥10.2b market cap, or US$70.0m). Announcement • May 14
Marufuji Sheet Piling Co.,Ltd., Annual General Meeting, Jun 26, 2025 Marufuji Sheet Piling Co.,Ltd., Annual General Meeting, Jun 26, 2025. Announcement • Mar 26
Marufuji Sheet Piling Co.,Ltd. to Report Fiscal Year 2025 Results on May 14, 2025 Marufuji Sheet Piling Co.,Ltd. announced that they will report fiscal year 2025 results on May 14, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥110 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 30 June 2025. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (3.3%). Reported Earnings • Feb 01
Third quarter 2025 earnings released: EPS: JP¥105 (vs JP¥146 in 3Q 2024) Third quarter 2025 results: EPS: JP¥105 (down from JP¥146 in 3Q 2024). Revenue: JP¥9.70b (up 8.4% from 3Q 2024). Net income: JP¥377.0m (down 28% from 3Q 2024). Profit margin: 3.9% (down from 5.8% 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 20% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Announcement • Dec 18
Marufuji Sheet Piling Co.,Ltd. to Report Q3, 2025 Results on Jan 31, 2025 Marufuji Sheet Piling Co.,Ltd. announced that they will report Q3, 2025 results on Jan 31, 2025 Reported Earnings • Nov 02
Second quarter 2025 earnings released: EPS: JP¥67.89 (vs JP¥86.62 in 2Q 2024) Second quarter 2025 results: EPS: JP¥67.89 (down from JP¥86.62 in 2Q 2024). Revenue: JP¥8.47b (up 2.1% from 2Q 2024). Net income: JP¥243.0m (down 22% from 2Q 2024). Profit margin: 2.9% (down from 3.7% 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 21% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Announcement • Sep 26
Marufuji Sheet Piling Co.,Ltd. to Report Q2, 2025 Results on Oct 31, 2024 Marufuji Sheet Piling Co.,Ltd. announced that they will report Q2, 2025 results on Oct 31, 2024 Reported Earnings • Aug 03
First quarter 2025 earnings released: EPS: JP¥90.52 (vs JP¥62.31 in 1Q 2024) First quarter 2025 results: EPS: JP¥90.52 (up from JP¥62.31 in 1Q 2024). Revenue: JP¥8.26b (down 1.3% from 1Q 2024). Net income: JP¥324.0m (up 45% from 1Q 2024). Profit margin: 3.9% (up from 2.7% in 1Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Announcement • Jun 27
Marufuji Sheet Piling Co.,Ltd. to Report Q1, 2025 Results on Jul 31, 2024 Marufuji Sheet Piling Co.,Ltd. announced that they will report Q1, 2025 results on Jul 31, 2024 Reported Earnings • May 18
Full year 2024 earnings released: EPS: JP¥383 (vs JP¥290 in FY 2023) Full year 2024 results: EPS: JP¥383 (up from JP¥290 in FY 2023). Revenue: JP¥34.5b (down 1.6% from FY 2023). Net income: JP¥1.37b (up 32% from FY 2023). Profit margin: 4.0% (up from 3.0% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Announcement • May 16
Marufuji Sheet Piling Co.,Ltd., Annual General Meeting, Jun 27, 2024 Marufuji Sheet Piling Co.,Ltd., Annual General Meeting, Jun 27, 2024. Announcement • Mar 27
Marufuji Sheet Piling Co.,Ltd. to Report Fiscal Year 2024 Results on May 14, 2024 Marufuji Sheet Piling Co.,Ltd. announced that they will report fiscal year 2024 results on May 14, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥90.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (2.4%). Reported Earnings • Feb 02
Third quarter 2024 earnings released: EPS: JP¥146 (vs JP¥124 in 3Q 2023) Third quarter 2024 results: EPS: JP¥146 (up from JP¥124 in 3Q 2023). Revenue: JP¥8.95b (down 7.2% from 3Q 2023). Net income: JP¥521.0m (up 17% from 3Q 2023). Profit margin: 5.8% (up from 4.6% in 3Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 24% 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 23
Marufuji Sheet Piling Co.,Ltd. to Report Q3, 2024 Results on Jan 31, 2024 Marufuji Sheet Piling Co.,Ltd. announced that they will report Q3, 2024 results on Jan 31, 2024 Reported Earnings • Nov 02
Second quarter 2024 earnings released: EPS: JP¥86.60 (vs JP¥41.35 in 2Q 2023) Second quarter 2024 results: EPS: JP¥86.60 (up from JP¥41.35 in 2Q 2023). Revenue: JP¥8.30b (up 6.2% from 2Q 2023). Net income: JP¥310.0m (up 110% from 2Q 2023). Profit margin: 3.7% (up from 1.9% 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 19% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Sep 23
Marufuji Sheet Piling Co.,Ltd. to Report Q2, 2024 Results on Oct 31, 2023 Marufuji Sheet Piling Co.,Ltd. announced that they will report Q2, 2024 results on Oct 31, 2023 Reported Earnings • Aug 01
First quarter 2024 earnings released: EPS: JP¥62.30 (vs JP¥50.85 in 1Q 2023) First quarter 2024 results: EPS: JP¥62.30 (up from JP¥50.85 in 1Q 2023). Revenue: JP¥8.37b (up 7.3% from 1Q 2023). Net income: JP¥223.0m (up 23% from 1Q 2023). Profit margin: 2.7% (up from 2.3% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 7% per year. Announcement • Jun 26
Marufuji Sheet Piling Co.,Ltd. to Report Q1, 2024 Results on Jul 31, 2023 Marufuji Sheet Piling Co.,Ltd. announced that they will report Q1, 2024 results on Jul 31, 2023 Reported Earnings • May 16
Full year 2023 earnings released: EPS: JP¥290 (vs JP¥209 in FY 2022) Full year 2023 results: EPS: JP¥290 (up from JP¥209 in FY 2022). Revenue: JP¥35.1b (up 10% from FY 2022). Net income: JP¥1.04b (up 39% from FY 2022). Profit margin: 3.0% (up from 2.3% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 9% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 14
Marufuji Sheet Piling Co.,Ltd., Annual General Meeting, Jun 29, 2023 Marufuji Sheet Piling Co.,Ltd., Annual General Meeting, Jun 29, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥80.00 per share at 3.9% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (3.8%). Reported Earnings • Feb 01
Third quarter 2023 earnings released: EPS: JP¥124 (vs JP¥75.72 in 3Q 2022) Third quarter 2023 results: EPS: JP¥124 (up from JP¥75.72 in 3Q 2022). Revenue: JP¥9.65b (up 11% from 3Q 2022). Net income: JP¥445.0m (up 64% from 3Q 2022). Profit margin: 4.6% (up from 3.1% 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 4% per year and the company’s share price has also fallen by 4% per year. Announcement • Dec 26
Marufuji Sheet Piling Co.,Ltd. to Report Q3, 2023 Results on Jan 31, 2023 Marufuji Sheet Piling Co.,Ltd. announced that they will report Q3, 2023 results on Jan 31, 2023 Reported Earnings • Nov 20
Second quarter 2023 earnings released: EPS: JP¥41.35 (vs JP¥91.37 in 2Q 2022) Second quarter 2023 results: EPS: JP¥41.35 (down from JP¥91.37 in 2Q 2022). Revenue: JP¥7.82b (up 2.8% from 2Q 2022). Net income: JP¥148.0m (down 55% from 2Q 2022). Profit margin: 1.9% (down from 4.3% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 4% per year. 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. 2 experienced directors. 9 highly experienced directors. No independent directors (7 non-independent directors). Head of Kansai Branch, Managing Executive Officer and Director Hisao Ishizaki 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. Reported Earnings • Nov 02
Second quarter 2023 earnings released: EPS: JP¥41.34 (vs JP¥91.37 in 2Q 2022) Second quarter 2023 results: EPS: JP¥41.34 (down from JP¥91.37 in 2Q 2022). Revenue: JP¥7.82b (up 2.8% from 2Q 2022). Net income: JP¥148.0m (down 55% from 2Q 2022). Profit margin: 1.9% (down from 4.3% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 4% per year. Announcement • Sep 17
Marufuji Sheet Piling Co.,Ltd. to Report Q2, 2023 Results on Oct 31, 2022 Marufuji Sheet Piling Co.,Ltd. announced that they will report Q2, 2023 results on Oct 31, 2022 Reported Earnings • Jul 31
First quarter 2023 earnings released: EPS: JP¥50.85 (vs JP¥2.79 loss in 1Q 2022) First quarter 2023 results: EPS: JP¥50.85 (up from JP¥2.79 loss in 1Q 2022). Revenue: JP¥7.81b (up 11% from 1Q 2022). Net income: JP¥182.0m (up JP¥192.0m from 1Q 2022). Profit margin: 2.3% (up from net loss in 1Q 2022). 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 4% per year. Announcement • Jun 25
Marufuji Sheet Piling Co.,Ltd. to Report Q1, 2023 Results on Jul 29, 2022 Marufuji Sheet Piling Co.,Ltd. announced that they will report Q1, 2023 results on Jul 29, 2022 Reported Earnings • May 16
Full year 2022 earnings released: EPS: JP¥209 (vs JP¥195 in FY 2021) Full year 2022 results: EPS: JP¥209 (up from JP¥195 in FY 2021). Revenue: JP¥31.9b (down 2.5% from FY 2021). Net income: JP¥749.0m (up 7.3% from FY 2021). Profit margin: 2.3% (up from 2.1% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Announcement • May 15
Marufuji Sheet Piling Co.,Ltd., Annual General Meeting, Jun 29, 2022 Marufuji Sheet Piling Co.,Ltd., Annual General Meeting, Jun 29, 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. 4 experienced directors. 7 highly experienced directors. No independent directors (7 non-independent directors). Head of Kansai Branch, Managing Executive Officer and Director Hisao Ishizaki 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
Marufuji Sheet Piling Co.,Ltd. to Report Fiscal Year 2022 Results on May 13, 2022 Marufuji Sheet Piling Co.,Ltd. announced that they will report fiscal year 2022 results on May 13, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥80.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 30 June 2022. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (3.4%). Reported Earnings • Feb 02
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥75.68 (up from JP¥62.87 in 3Q 2021). Revenue: JP¥8.67b (up 3.4% from 3Q 2021). Net income: JP¥271.0m (up 20% from 3Q 2021). Profit margin: 3.1% (up from 2.7% in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 09
First quarter 2022 earnings released: JP¥2.79 loss per share (vs JP¥17.88 profit in 1Q 2021) The company reported a poor first quarter result with weaker earnings, revenues and control over costs. First quarter 2022 results: Revenue: JP¥7.04b (down 4.9% from 1Q 2021). Net loss: JP¥10.0m (down 116% from profit in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 7% per year. Reported Earnings • May 18
Full year 2021 earnings released: EPS JP¥195 (vs JP¥308 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥32.7b (down 4.9% from FY 2020). Net income: JP¥698.0m (down 37% from FY 2020). Profit margin: 2.1% (down from 3.2% 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 6% per year whereas the company’s share price has fallen by 9% per year. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥80.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 26 June 2021. Trailing yield: 3.6%. Within top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (3.0%). Is New 90 Day High Low • Feb 15
New 90-day high: JP¥2,050 The company is up 4.0% from its price of JP¥1,976 on 17 November 2020. The Japanese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Trade Distributors industry, which is up 14% over the same period. Reported Earnings • Feb 02
Third quarter 2021 earnings released: EPS JP¥62.83 (vs JP¥135 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥8.39b (down 9.6% from 3Q 2020). Net income: JP¥225.0m (down 53% from 3Q 2020). Profit margin: 2.7% (down from 5.2% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 13% per year, which means it is performing significantly worse than earnings. Is New 90 Day High Low • Jan 25
New 90-day high: JP¥1,997 The company is up 2.0% from its price of JP¥1,954 on 27 October 2020. The Japanese market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Trade Distributors industry, which is up 15% over the same period. Announcement • Dec 19
Marufuji Sheet Piling Co.,Ltd. to Report Q3, 2021 Results on Jan 29, 2021 Marufuji Sheet Piling Co.,Ltd. announced that they will report Q3, 2021 results on Jan 29, 2021 Announcement • Oct 10
Marufuji Sheet Piling Co., Ltd. to Report Q2, 2021 Results on Oct 30, 2020 Marufuji Sheet Piling Co., Ltd. announced that they will report Q2, 2021 results on Oct 30, 2020 Announcement • Jun 28
Marufuji Sheet Piling Co., Ltd. to Report Q1, 2021 Results on Jul 31, 2020 Marufuji Sheet Piling Co., Ltd. announced that they will report Q1, 2021 results on Jul 31, 2020