Reported Earnings • May 19
Full year 2026 earnings released: EPS: JP¥60.74 (vs JP¥67.22 in FY 2025) Full year 2026 results: EPS: JP¥60.74 (down from JP¥67.22 in FY 2025). Revenue: JP¥12.1b (down 1.4% from FY 2025). Net income: JP¥253.0m (down 9.6% from FY 2025). Profit margin: 2.1% (down from 2.3% in FY 2025). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Announcement • May 14
Seki Co., Ltd., Annual General Meeting, Jun 11, 2026 Seki Co., Ltd., Annual General Meeting, Jun 11, 2026. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥13.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 12 June 2026. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (2.0%). Reported Earnings • Feb 08
Third quarter 2026 earnings released: EPS: JP¥17.29 (vs JP¥19.69 in 3Q 2025) Third quarter 2026 results: EPS: JP¥17.29 (down from JP¥19.69 in 3Q 2025). Revenue: JP¥3.08b (down 4.6% from 3Q 2025). Net income: JP¥72.0m (down 12% from 3Q 2025). Profit margin: 2.3% (down from 2.5% in 3Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. New Risk • Nov 26
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 96% Cash payout ratio: 433% Dividend yield: 1.9% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. 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: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 96% Cash payout ratio: 433% Minor Risks Profit margins are more than 30% lower than last year (0.9% net profit margin). Market cap is less than US$100m (JP¥5.56b market cap, or US$35.6m). Reported Earnings • Nov 08
Second quarter 2026 earnings released: JP¥15.37 loss per share (vs JP¥11.52 profit in 2Q 2025) Second quarter 2026 results: JP¥15.37 loss per share (down from JP¥11.52 profit in 2Q 2025). Revenue: JP¥2.84b (down 5.6% from 2Q 2025). Net loss: JP¥64.0m (down 233% from profit in 2Q 2025). Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥13.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 02 December 2025. Payout ratio is a comfortable 46% but the company is not cash flow positive. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (2.1%). Reported Earnings • Aug 08
First quarter 2026 earnings released: JP¥7.20 loss per share (vs JP¥6.00 profit in 1Q 2025) First quarter 2026 results: JP¥7.20 loss per share (down from JP¥6.00 profit in 1Q 2025). Revenue: JP¥2.80b (flat on 1Q 2025). Net loss: JP¥30.0m (down 220% from profit in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 5% per year. Reported Earnings • May 21
Full year 2025 earnings released: EPS: JP¥67.22 (vs JP¥87.63 in FY 2024) Full year 2025 results: EPS: JP¥67.22 (down from JP¥87.63 in FY 2024). Revenue: JP¥12.3b (up 2.6% from FY 2024). Net income: JP¥280.0m (down 23% from FY 2024). Profit margin: 2.3% (down from 3.0% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 6% per year. Announcement • May 15
Seki Co., Ltd., Annual General Meeting, Jun 11, 2025 Seki Co., Ltd., Annual General Meeting, Jun 11, 2025. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥12.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 16 June 2025. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (2.1%). Reported Earnings • Feb 08
Third quarter 2025 earnings released: EPS: JP¥19.69 (vs JP¥20.41 in 3Q 2024) Third quarter 2025 results: EPS: JP¥19.69 (down from JP¥20.41 in 3Q 2024). Revenue: JP¥3.23b (up 4.9% from 3Q 2024). Net income: JP¥82.0m (down 3.5% from 3Q 2024). Profit margin: 2.5% (down from 2.8% 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 1% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 11
Second quarter 2025 earnings released: EPS: JP¥11.52 (vs JP¥8.16 in 2Q 2024) Second quarter 2025 results: EPS: JP¥11.52 (up from JP¥8.16 in 2Q 2024). Revenue: JP¥3.01b (up 7.3% from 2Q 2024). Net income: JP¥48.0m (up 41% from 2Q 2024). Profit margin: 1.6% (up from 1.2% in 2Q 2024). 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 fallen by 8% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥12.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (2.0%). Reported Earnings • Aug 13
First quarter 2025 earnings released: EPS: JP¥6.00 (vs JP¥9.36 in 1Q 2024) First quarter 2025 results: EPS: JP¥6.00 (down from JP¥9.36 in 1Q 2024). Revenue: JP¥2.80b (flat on 1Q 2024). Net income: JP¥25.0m (down 36% from 1Q 2024). Profit margin: 0.9% (down from 1.4% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Reported Earnings • May 22
Full year 2024 earnings released: EPS: JP¥87.63 (vs JP¥103 in FY 2023) Full year 2024 results: EPS: JP¥87.63 (down from JP¥103 in FY 2023). Revenue: JP¥12.0b (flat on FY 2023). Net income: JP¥365.0m (down 15% from FY 2023). Profit margin: 3.0% (down from 3.6% in FY 2023). 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 8% per year, which means it is significantly lagging earnings. Announcement • May 18
Seki Co., Ltd., Annual General Meeting, Jun 13, 2024 Seki Co., Ltd., Annual General Meeting, Jun 13, 2024. 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: 17 June 2024. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.2%). In line with average of industry peers (1.8%). Reported Earnings • Feb 03
Third quarter 2024 earnings released: EPS: JP¥20.41 (vs JP¥20.17 in 3Q 2023) Third quarter 2024 results: EPS: JP¥20.41 (up from JP¥20.17 in 3Q 2023). Revenue: JP¥3.08b (flat on 3Q 2023). Net income: JP¥85.0m (up 1.2% from 3Q 2023). Profit margin: 2.8% (up from 2.7% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 10
Second quarter 2024 earnings released: EPS: JP¥8.16 (vs JP¥20.89 in 2Q 2023) Second quarter 2024 results: EPS: JP¥8.16 (down from JP¥20.89 in 2Q 2023). Revenue: JP¥2.80b (up 3.9% from 2Q 2023). Net income: JP¥34.0m (down 61% from 2Q 2023). Profit margin: 1.2% (down from 3.2% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥12.00 per share at 1.8% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 01 December 2023. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.3%). In line with average of industry peers (1.9%). Reported Earnings • Aug 04
First quarter 2024 earnings released: EPS: JP¥9.36 (vs JP¥14.16 in 1Q 2023) First quarter 2024 results: EPS: JP¥9.36 (down from JP¥14.16 in 1Q 2023). Revenue: JP¥2.78b (up 4.8% from 1Q 2023). Net income: JP¥39.0m (down 34% from 1Q 2023). Profit margin: 1.4% (down from 2.2% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 21
Full year 2023 earnings released: EPS: JP¥103 (vs JP¥77.54 in FY 2022) Full year 2023 results: EPS: JP¥103 (up from JP¥77.54 in FY 2022). Revenue: JP¥11.9b (up 6.6% from FY 2022). Net income: JP¥429.0m (up 33% from FY 2022). Profit margin: 3.6% (up from 2.9% 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 41% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Reported Earnings • May 15
Full year 2023 earnings released: EPS: JP¥103 (vs JP¥77.54 in FY 2022) Full year 2023 results: EPS: JP¥103 (up from JP¥77.54 in FY 2022). Revenue: JP¥11.9b (up 6.6% from FY 2022). Net income: JP¥429.0m (up 33% from FY 2022). Profit margin: 3.6% (up from 2.9% 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 41% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • May 13
Seki Co., Ltd., Annual General Meeting, Jun 15, 2023 Seki Co., Ltd., Annual General Meeting, Jun 15, 2023. Upcoming Dividend • Mar 24
Upcoming dividend of JP¥12.00 per share at 1.7% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 19 June 2023. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (2.2%). Reported Earnings • Feb 03
Third quarter 2023 earnings released: EPS: JP¥20.17 (vs JP¥22.81 in 3Q 2022) Third quarter 2023 results: EPS: JP¥20.17 (down from JP¥22.81 in 3Q 2022). Revenue: JP¥3.09b (up 6.3% from 3Q 2022). Net income: JP¥84.0m (down 12% from 3Q 2022). Profit margin: 2.7% (down from 3.3% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 8 highly experienced directors. 1 independent director (7 non-independent directors). Independent Outside Director Miyabe Takashi 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. Reported Earnings • Nov 04
Second quarter 2023 earnings released: EPS: JP¥20.89 (vs JP¥12.72 in 2Q 2022) Second quarter 2023 results: EPS: JP¥20.89 (up from JP¥12.72 in 2Q 2022). Revenue: JP¥2.70b (up 5.0% from 2Q 2022). Net income: JP¥87.0m (up 64% from 2Q 2022). Profit margin: 3.2% (up from 2.1% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥12.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 01 December 2022. Payout ratio is a comfortable 29% but the company is not cash flow positive. Trailing yield: 1.6%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (2.3%). Reported Earnings • Aug 05
First quarter 2023 earnings released: EPS: JP¥14.16 (vs JP¥9.12 in 1Q 2022) First quarter 2023 results: EPS: JP¥14.16 (up from JP¥9.12 in 1Q 2022). Revenue: JP¥2.65b (up 2.6% from 1Q 2022). Net income: JP¥59.0m (up 55% from 1Q 2022). Profit margin: 2.2% (up from 1.5% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Jun 23
Full year 2022 earnings released: EPS: JP¥77.54 (vs JP¥48.25 in FY 2021) Full year 2022 results: EPS: JP¥77.54 (up from JP¥48.25 in FY 2021). Revenue: JP¥11.2b (down 3.9% from FY 2021). Net income: JP¥323.0m (up 61% from FY 2021). Profit margin: 2.9% (up from 1.7% in FY 2021). The increase in margin was driven by lower expenses. 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 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 17
Full year 2022 earnings released: EPS: JP¥77.54 (vs JP¥48.25 in FY 2021) Full year 2022 results: EPS: JP¥77.54 (up from JP¥48.25 in FY 2021). Revenue: JP¥11.2b (down 3.9% from FY 2021). Net income: JP¥323.0m (up 61% from FY 2021). Profit margin: 2.9% (up from 1.7% in FY 2021). The increase in margin was driven by lower expenses. 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 2% per year, which means it is significantly lagging earnings growth. Announcement • May 14
Seki Co., Ltd., Annual General Meeting, Jun 16, 2022 Seki Co., Ltd., Annual General Meeting, Jun 16, 2022. Board Change • Apr 28
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 8 highly experienced directors. 1 independent director (7 non-independent directors). Independent Outside Director Miyabe Takashi 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. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥12.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 18 June 2022. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (2.1%). Reported Earnings • Feb 04
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥22.81 (down from JP¥25.45 in 3Q 2021). Revenue: JP¥2.91b (down 7.3% from 3Q 2021). Net income: JP¥95.0m (down 10% from 3Q 2021). Profit margin: 3.3% (down from 3.4% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Nov 05
Second quarter 2022 earnings released: EPS JP¥12.72 (vs JP¥1.68 in 2Q 2021) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2022 results: Revenue: JP¥2.57b (down 6.0% from 2Q 2021). Net income: JP¥53.0m (up JP¥46.0m from 2Q 2021). Profit margin: 2.1% (up from 0.3% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥12.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 01 December 2021. Trailing yield: 1.4%. Lower than top quartile of Japanese dividend payers (3.0%). Lower than average of industry peers (1.9%). Reported Earnings • Aug 09
First quarter 2022 earnings released: EPS JP¥9.12 (vs JP¥16.33 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¥2.58b (up 7.0% from 1Q 2021). Net income: JP¥38.0m (up JP¥106.0m from 1Q 2021). Profit margin: 1.5% (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 2% per year whereas the company’s share price has increased by 3% per year. Reported Earnings • May 19
Full year 2021 earnings released: EPS JP¥48.25 (vs JP¥41.05 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥11.6b (down 6.4% from FY 2020). Net income: JP¥201.0m (up 18% from FY 2020). Profit margin: 1.7% (up from 1.4% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Reported Earnings • Feb 06
Third quarter 2021 earnings released: EPS JP¥25.45 (vs JP¥20.17 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¥3.14b (down 3.6% from 3Q 2020). Net income: JP¥106.0m (up 26% from 3Q 2020). Profit margin: 3.4% (up from 2.6% 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 21% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Reported Earnings • Nov 07
Second quarter 2021 earnings released: EPS JP¥1.68 The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: JP¥2.74b (down 10% from 2Q 2020). Net income: JP¥7.00m (up 40% from 2Q 2020). Profit margin: 0.3% (up from 0.2% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 22
Upcoming Dividend of JP¥12.00 Per Share Will be paid on the 2nd of December to those who are registered shareholders by the 29th of September. The trailing yield of 1.4% is below the top quartile of Japanese dividend payers (3.1%), and is lower than industry peers (2.1%).