Declared Dividend • Jul 25
Final dividend of JP¥15.00 announced Shareholders will receive a dividend of JP¥15.00. Ex-date: 29th September 2026 Payment date: 1st December 2026 Dividend yield will be 3.5%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is well covered by both earnings (45% earnings payout ratio) and cash flows (43% cash payout ratio). The dividend has increased by an average of 27% per year over the past 9 years and payments have been stable during that time. EPS is expected to grow by 29% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 03
CTS Co., Ltd. to Report Q1, 2027 Results on Jul 30, 2026 CTS Co., Ltd. announced that they will report Q1, 2027 results on Jul 30, 2026 Reported Earnings • Apr 29
Full year 2026 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2026 results: EPS: JP¥65.04 (up from JP¥52.45 in FY 2025). Revenue: JP¥12.7b (up 7.8% from FY 2025). Net income: JP¥2.69b (up 23% from FY 2025). Profit margin: 21% (up from 19% in FY 2025). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) exceeded analyst estimates by 1.9%. Revenue is forecast to grow 7.7% p.a. on average during the next 2 years, compared to a 4.2% growth forecast for the Commercial Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Apr 21
CTS Co., Ltd. to Report Fiscal Year 2026 Results on Apr 28, 2026 CTS Co., Ltd. announced that they will report fiscal year 2026 results on Apr 28, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 04 June 2026. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.0%). Announcement • Feb 05
CTS Co., Ltd. (TSE:4345) signed a letter of intent to acquire an additional unknown stake in FILEFORCE. CTS Co., Ltd. (TSE:4345) signed a letter of intent to acquire an additional unknown stake in FILEFORCE on February 4, 2026.
The expected completion of the transaction is March 2026. Reported Earnings • Jan 30
Third quarter 2026 earnings released: EPS: JP¥19.49 (vs JP¥15.82 in 3Q 2025) Third quarter 2026 results: EPS: JP¥19.49 (up from JP¥15.82 in 3Q 2025). Revenue: JP¥3.43b (up 9.7% from 3Q 2025). Net income: JP¥805.0m (up 23% from 3Q 2025). Profit margin: 23% (up from 21% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Commercial Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Declared Dividend • Dec 02
First half dividend of JP¥15.00 announced Shareholders will receive a dividend of JP¥15.00. Ex-date: 30th March 2026 Payment date: 4th June 2026 Dividend yield will be 3.2%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is well covered by both earnings (21% earnings payout ratio) and cash flows (45% cash payout ratio). The dividend has increased by an average of 31% per year over the past 8 years and payments have been stable during that time. EPS is expected to grow by 30% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Nov 29
CTS Co., Ltd. to Report Q3, 2026 Results on Jan 29, 2026 CTS Co., Ltd. announced that they will report Q3, 2026 results on Jan 29, 2026 Announcement • Nov 21
CTS Co., Ltd. (TSE:4345) announces an Equity Buyback for 50,000 shares, representing 0.12% for ¥50 million. CTS Co., Ltd. (TSE:4345) announces a share repurchase program. Under the program, the company will repurchase 50,000 shares, representing 0.12% of the outstanding shares for ¥50 million. The purpose of the program is to execute a flexible capital policy in response to changes in the business environment and to improve capital efficiency. As of October 31, 2025, the company had 42,000,000 shares outstanding (excluding treasury stock) and 686,876 shares in treasury. Reported Earnings • Oct 31
Second quarter 2026 earnings released: EPS: JP¥15.44 (vs JP¥12.44 in 2Q 2025) Second quarter 2026 results: EPS: JP¥15.44 (up from JP¥12.44 in 2Q 2025). Revenue: JP¥3.26b (up 6.5% from 2Q 2025). Net income: JP¥638.0m (up 22% from 2Q 2025). Profit margin: 20% (up from 17% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Commercial Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥14.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 02 December 2025. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.1%). Announcement • Sep 02
CTS Co., Ltd. to Report Q2, 2026 Results on Oct 30, 2025 CTS Co., Ltd. announced that they will report Q2, 2026 results on Oct 30, 2025 Reported Earnings • Jul 31
First quarter 2026 earnings released: EPS: JP¥14.23 (vs JP¥11.27 in 1Q 2025) First quarter 2026 results: EPS: JP¥14.23 (up from JP¥11.27 in 1Q 2025). Revenue: JP¥2.93b (flat on 1Q 2025). Net income: JP¥588.0m (up 24% from 1Q 2025). Profit margin: 20% (up from 16% in 1Q 2025). Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Commercial Services 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 5% per year. Declared Dividend • Jul 09
Final dividend of JP¥14.00 announced Shareholders will receive a dividend of JP¥14.00. Ex-date: 29th September 2025 Payment date: 2nd December 2025 Dividend yield will be 3.2%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (52% earnings payout ratio) and cash flows (44% cash payout ratio). The dividend has increased by an average of 30% per year over the past 8 years and payments have been stable during that time. EPS is expected to grow by 25% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jun 25
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: JP¥52.45 (up from JP¥43.84 in FY 2024). Revenue: JP¥11.8b (up 6.6% from FY 2024). Net income: JP¥2.19b (up 18% from FY 2024). Profit margin: 19% (up from 17% in FY 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) exceeded analyst estimates by 4.0%. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Commercial Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Price Target Changed • Jun 17
Price target decreased by 11% to JP¥850 Down from JP¥950, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of JP¥834. Stock is up 3.1% over the past year. The company is forecast to post earnings per share of JP¥59.30 for next year compared to JP¥52.45 last year. Announcement • Jun 03
CTS Co., Ltd. to Report Q1, 2026 Results on Jul 30, 2025 CTS Co., Ltd. announced that they will report Q1, 2026 results on Jul 30, 2025 Reported Earnings • Apr 29
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: JP¥52.45 (up from JP¥43.84 in FY 2024). Revenue: JP¥11.8b (up 6.6% from FY 2024). Net income: JP¥2.19b (up 18% from FY 2024). Profit margin: 19% (up from 17% in FY 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) exceeded analyst estimates by 4.0%. Revenue is forecast to grow 7.3% p.a. on average during the next 2 years, compared to a 4.1% growth forecast for the Commercial Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Apr 28
CTS Co., Ltd., Annual General Meeting, Jun 20, 2025 CTS Co., Ltd., Annual General Meeting, Jun 20, 2025. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥12.50 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 29 May 2025. Payout ratio is a comfortable 52% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.1%). Announcement • Mar 01
CTS Co., Ltd. to Report Fiscal Year 2025 Results on Apr 28, 2025 CTS Co., Ltd. announced that they will report fiscal year 2025 results on Apr 28, 2025 Reported Earnings • Jan 31
Third quarter 2025 earnings released: EPS: JP¥15.82 (vs JP¥13.95 in 3Q 2024) Third quarter 2025 results: EPS: JP¥15.82 (up from JP¥13.95 in 3Q 2024). Revenue: JP¥3.13b (up 8.0% from 3Q 2024). Net income: JP¥657.0m (up 11% from 3Q 2024). Profit margin: 21% (in line with 3Q 2024). Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Commercial Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 1% per year. Announcement • Jan 31
CTS Co., Ltd. Provides Consolidated Earnings Guidance for the Full Year Ending March 31, 2025 CTS Co., Ltd. provided consolidated earnings guidance for the full year ending March 31, 2025. For the full year, the company expects net sales to be JPY 12,000 million, operating profit to be JPY 3,000 million, profit attributable to owners of the parent to be JPY 1,980 million, earnings per share to be JPY 47.42. Announcement • Jan 03
CTS Co., Ltd. to Report Q3, 2025 Results on Jan 30, 2025 CTS Co., Ltd. announced that they will report Q3, 2025 results on Jan 30, 2025 Declared Dividend • Dec 03
First half dividend of JP¥12.50 announced Shareholders will receive a dividend of JP¥12.50. Ex-date: 28th March 2025 Payment date: 29th May 2025 Dividend yield will be 2.7%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is well covered by both earnings (27% earnings payout ratio) and cash flows (37% cash payout ratio). The dividend has increased by an average of 32% per year over the past 7 years and payments have been stable during that time. EPS is expected to grow by 23% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 02
Second quarter 2025 earnings released: EPS: JP¥12.44 (vs JP¥10.50 in 2Q 2024) Second quarter 2025 results: EPS: JP¥12.44 (up from JP¥10.50 in 2Q 2024). Revenue: JP¥3.06b (up 11% from 2Q 2024). Net income: JP¥522.0m (up 17% from 2Q 2024). Profit margin: 17% (in line with 2Q 2024). Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Commercial Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 3% per year. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥12.50 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.0%). Announcement • Aug 28
CTS Co., Ltd. to Report Q2, 2025 Results on Oct 31, 2024 CTS Co., Ltd. announced that they will report Q2, 2025 results on Oct 31, 2024 Reported Earnings • Aug 02
First quarter 2025 earnings released: EPS: JP¥10.11 (vs JP¥9.16 in 1Q 2024) First quarter 2025 results: EPS: JP¥10.11 (up from JP¥9.16 in 1Q 2024). Revenue: JP¥2.75b (up 5.9% from 1Q 2024). Net income: JP¥427.0m (up 10% from 1Q 2024). Profit margin: 16% (in line with 1Q 2024). Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Commercial Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Aug 01
CTS Co., Ltd. Provides Consolidated Earnings Guidance for the Six Months Ending September 30, 2024 and Full Year Ending March 31, 2025 CTS Co., Ltd. provided consolidated earnings guidance for the six months ending September 30, 2024 and full year ending March 31, 2025. For the six months, the company expects net sales to be JPY 5,750 million, operating profit to be JPY 1,320 million, profit attributable to owners of the parent to be JPY 840 million, basic earnings per share to be JPY 19.89.
For the full year, the company expects net sales to be JPY 12,000 million, operating profit to be JPY 3,000 million, profit attributable to owners of the parent to be JPY 1,980 million, basic earnings per share to be JPY 46.88. Declared Dividend • Jul 11
Final dividend of JP¥12.50 announced Shareholders will receive a dividend of JP¥12.50. Ex-date: 27th September 2024 Payment date: 2nd December 2024 Dividend yield will be 3.0%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (61% earnings payout ratio) and cash flows (38% cash payout ratio). The dividend has increased by an average of 32% per year over the past 7 years and payments have been stable during that time. EPS is expected to grow by 26% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jun 18
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: EPS: JP¥43.84 (up from JP¥41.48 in FY 2023). Revenue: JP¥11.1b (up 2.7% from FY 2023). Net income: JP¥1.86b (up 5.7% from FY 2023). Profit margin: 17% (in line with FY 2023). Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) missed analyst estimates by 3.0%. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Commercial Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Jun 15
CTS Co., Ltd. (TSE:4345) announces an Equity Buyback for 426,000 shares, representing 1.01% for ¥338.24 million. CTS Co., Ltd. (TSE:4345) announces a share repurchase program. Under the program, the company will repurchase 426,000 shares, representing 1.01% of the outstanding shares for ¥338.24 million. The repurchase price per share will be ¥794. The purpose of the program is to implement agile capital policies and improve shareholder value in response to changes in the business environment. As of June 14, 2024, the company had 42,379,155 shares outstanding (excluding treasury stock) and 20,845 shares in treasury. Reported Earnings • May 01
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: EPS: JP¥43.84 (up from JP¥41.48 in FY 2023). Revenue: JP¥11.1b (up 2.7% from FY 2023). Net income: JP¥1.86b (up 5.7% from FY 2023). Profit margin: 17% (in line with FY 2023). Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) missed analyst estimates by 3.0%. Revenue is forecast to grow 6.0% p.a. on average during the next 2 years, compared to a 3.8% growth forecast for the Commercial Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥12.50 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 03 June 2024. Payout ratio is a comfortable 61% and this is well supported by cash flows. Trailing yield: 3.2%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.8%). Announcement • Mar 02
CTS Co., Ltd. to Report Fiscal Year 2024 Results on Apr 30, 2024 CTS Co., Ltd. announced that they will report fiscal year 2024 results on Apr 30, 2024 Reported Earnings • Feb 02
Third quarter 2024 earnings released: EPS: JP¥13.95 (vs JP¥12.20 in 3Q 2023) Third quarter 2024 results: EPS: JP¥13.95 (up from JP¥12.20 in 3Q 2023). Revenue: JP¥2.90b (flat on 3Q 2023). Net income: JP¥591.0m (up 14% from 3Q 2023). Profit margin: 20% (up from 18% in 3Q 2023). Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Commercial Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Announcement • Nov 30
CTS Co., Ltd. to Report Q3, 2024 Results on Jan 31, 2024 CTS Co., Ltd. announced that they will report Q3, 2024 results on Jan 31, 2024 Announcement • Nov 02
Cts Co., Ltd. Announces Dividend for the Second Quarter Ended September 30, 2023, Payable on December 1, 2023; Provides Dividend Guidance for Year Ended March 31, 2024 CTS Co., Ltd. announced dividend of JPY 10.00 per share for the second quarter ended September 30, 2023 against JPY 10.50 per share paid a year ago. Scheduled date to commence dividend payment is December 1, 2023.The company provided dividend guidance for year ended March 31, 2024. For the period, the company expects to pay dividend of JPY 10.00 per share as compared to JPY 11.50 per share paid year ago. Reported Earnings • Nov 02
Second quarter 2024 earnings released: EPS: JP¥10.50 (vs JP¥9.98 in 2Q 2023) Second quarter 2024 results: EPS: JP¥10.50 (up from JP¥9.98 in 2Q 2023). Revenue: JP¥2.75b (up 2.9% from 2Q 2023). Net income: JP¥445.0m (up 5.2% from 2Q 2023). Profit margin: 16% (in line with 2Q 2023). Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Commercial Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥10.00 per share at 2.9% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 01 December 2023. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.9%). Announcement • Sep 01
CTS Co., Ltd. to Report Q2, 2024 Results on Oct 31, 2023 CTS 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¥9.16 (vs JP¥8.35 in 1Q 2023) First quarter 2024 results: EPS: JP¥9.16 (up from JP¥8.35 in 1Q 2023). Revenue: JP¥2.60b (flat on 1Q 2023). Net income: JP¥388.0m (up 9.6% from 1Q 2023). Profit margin: 15% (up from 14% in 1Q 2023). Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Commercial Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Buying Opportunity • Aug 01
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 2.7%. The fair value is estimated to be JP¥922, 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 12%. For the next 3 years, revenue is forecast to grow by 6.2% per annum. Earnings is also forecast to grow by 8.1% per annum over the same time period. Buying Opportunity • Jul 03
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 4.0%. The fair value is estimated to be JP¥922, 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 12%. For the next 3 years, revenue is forecast to grow by 6.2% per annum. Earnings is also forecast to grow by 8.1% per annum over the same time period. Reported Earnings • Jun 21
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: JP¥41.48 (up from JP¥40.80 in FY 2022). Revenue: JP¥10.8b (up 2.4% from FY 2022). Net income: JP¥1.76b (up 1.6% from FY 2022). Profit margin: 16% (in line with FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.6%. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Commercial Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Jun 04
CTS Co., Ltd. to Report Q1, 2024 Results on Jul 31, 2023 CTS Co., Ltd. announced that they will report Q1, 2024 results on Jul 31, 2023 Buying Opportunity • May 01
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 5.8%. The fair value is estimated to be JP¥975, 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 12%. Revenue is forecast to grow by 14% in 2 years. Earnings is forecast to grow by 23% in the next 2 years. Reported Earnings • Apr 29
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: JP¥41.48 (up from JP¥40.80 in FY 2022). Revenue: JP¥10.8b (up 2.4% from FY 2022). Net income: JP¥1.76b (up 1.6% from FY 2022). Profit margin: 16% (in line with FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.6%. Revenue is forecast to grow 6.5% p.a. on average during the next 2 years, compared to a 3.9% growth forecast for the Commercial Services 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 7% per year. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥11.50 per share at 2.3% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 01 June 2023. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (2.2%). Reported Earnings • Feb 01
Third quarter 2023 earnings released: EPS: JP¥12.20 (vs JP¥12.29 in 3Q 2022) Third quarter 2023 results: EPS: JP¥12.20 (down from JP¥12.29 in 3Q 2022). Revenue: JP¥2.89b (up 1.6% from 3Q 2022). Net income: JP¥517.0m (flat on 3Q 2022). Profit margin: 18% (in line with 3Q 2022). Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Commercial Services 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 only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Dec 28
CTS Co., Ltd. to Report Q3, 2023 Results on Jan 31, 2023 CTS 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¥9.98 (vs JP¥10.41 in 2Q 2022) Second quarter 2023 results: EPS: JP¥9.98 (down from JP¥10.41 in 2Q 2022). Revenue: JP¥2.67b (flat on 2Q 2022). Net income: JP¥423.0m (down 4.1% from 2Q 2022). Profit margin: 16% (in line with 2Q 2022). Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Commercial Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Price Target Changed • Nov 16
Price target decreased to JP¥1,150 Down from JP¥1,300, the current price target is provided by 1 analyst. New target price is 39% above last closing price of JP¥829. Stock is up 1.8% over the past year. The company is forecast to post earnings per share of JP¥45.30 for next year compared to JP¥40.79 last year. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Independent Outside Director Masaharu Miyasaka was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 02
Second quarter 2023 earnings released: EPS: JP¥9.98 (vs JP¥10.41 in 2Q 2022) Second quarter 2023 results: EPS: JP¥9.98 (down from JP¥10.41 in 2Q 2022). Revenue: JP¥2.67b (flat on 2Q 2022). Net income: JP¥423.0m (down 4.1% from 2Q 2022). Profit margin: 16% (in line with 2Q 2022). Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Commercial Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥10.50 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 01 December 2022. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (2.3%). Announcement • Aug 28
CTS Co., Ltd. to Report Q2, 2023 Results on Oct 31, 2022 CTS 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¥8.35 (vs JP¥8.15 in 1Q 2022) First quarter 2023 results: EPS: JP¥8.35 (up from JP¥8.15 in 1Q 2022). Revenue: JP¥2.59b (up 5.3% from 1Q 2022). Net income: JP¥354.0m (up 2.0% from 1Q 2022). Profit margin: 14% (in line with 1Q 2022). Over the next year, revenue is forecast to grow 8.2%, compared to a 5.2% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Jun 30
CTS Co., Ltd. to Report Q1, 2023 Results on Jul 29, 2022 CTS Co., Ltd. announced that they will report Q1, 2023 results on Jul 29, 2022 Reported Earnings • Jun 22
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: EPS: JP¥40.80 (up from JP¥34.12 in FY 2021). Revenue: JP¥10.5b (up 5.8% from FY 2021). Net income: JP¥1.73b (up 19% from FY 2021). Profit margin: 16% (up from 15% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.2%. Over the next year, revenue is forecast to grow 7.2%, compared to a 4.3% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • May 02
CTS Co., Ltd., Annual General Meeting, Jun 17, 2022 CTS Co., Ltd., Annual General Meeting, Jun 17, 2022. Reported Earnings • Apr 30
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: EPS: JP¥40.80 (up from JP¥34.12 in FY 2021). Revenue: JP¥10.5b (up 5.8% from FY 2021). Net income: JP¥1.73b (up 19% from FY 2021). Profit margin: 16% (up from 15% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.2%. Over the next year, revenue is forecast to grow 10%, compared to a 2.6% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Price Target Changed • Apr 27
Price target decreased to JP¥1,175 Down from JP¥1,300, the current price target is an average from 3 analysts. New target price is 38% above last closing price of JP¥850. Stock is up 0.8% over the past year. The company is forecast to post earnings per share of JP¥41.30 for next year compared to JP¥34.12 last year.