Reported Earnings • May 20
First quarter 2026 earnings released: EPS: JP¥98.46 (vs JP¥69.17 in 1Q 2025) First quarter 2026 results: EPS: JP¥98.46 (up from JP¥69.17 in 1Q 2025). Revenue: JP¥1.70b (up 1.3% from 1Q 2025). Net income: JP¥151.0m (up 40% from 1Q 2025). Profit margin: 8.9% (up from 6.5% in 1Q 2025). The increase in margin was primarily driven by lower expenses. 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 15% per year. Announcement • May 14
Nihon Isk Co.,Ltd. to Report Q2, 2026 Results on Aug 10, 2026 Nihon Isk Co.,Ltd. announced that they will report Q2, 2026 results on Aug 10, 2026 Reported Earnings • Feb 16
Full year 2025 earnings released: EPS: JP¥271 (vs JP¥270 in FY 2024) Full year 2025 results: EPS: JP¥271. Revenue: JP¥6.06b (up 2.8% from FY 2024). Net income: JP¥418.0m (down 3.5% from FY 2024). Profit margin: 6.9% (down from 7.3% in FY 2024). The decrease in margin was driven by higher expenses. Announcement • Feb 13
Nihon Isk Co.,Ltd., Annual General Meeting, Mar 27, 2026 Nihon Isk Co.,Ltd., Annual General Meeting, Mar 27, 2026. Announcement • Dec 28
Nihon Isk Co.,Ltd. to Report Fiscal Year 2025 Results on Feb 13, 2026 Nihon Isk Co.,Ltd. announced that they will report fiscal year 2025 results on Feb 13, 2026 Upcoming Dividend • Dec 22
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 31 March 2026. Payout ratio is a comfortable 11% but the company is paying out more than the cash it is generating. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (2.0%). Declared Dividend • Oct 09
Dividend of JP¥30.00 announced Dividend of JP¥30.00 is the same as last year. Ex-date: 29th December 2025 Payment date: 31st March 2026 Dividend yield will be 1.8%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (12% earnings payout ratio) but not covered by cash flows (164% cash payout ratio). The dividend has increased by an average of 12% 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. Announcement • Oct 08
Nihon Isk Co.,Ltd. announces Annual dividend, payable on March 31, 2026 Nihon Isk Co.,Ltd. announced Annual dividend of JPY 30.0000 per share payable on March 31, 2026, ex-date on December 29, 2025 and record date on December 31, 2025. Buy Or Sell Opportunity • Aug 18
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 11% to JP¥1,660. The fair value is estimated to be JP¥1,380, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.4% over the last 3 years. Earnings per share has grown by 30%. Reported Earnings • Aug 10
Second quarter 2025 earnings released: EPS: JP¥72.82 (vs JP¥50.65 in 2Q 2024) Second quarter 2025 results: EPS: JP¥72.82 (up from JP¥50.65 in 2Q 2024). Revenue: JP¥1.48b (up 5.6% from 2Q 2024). Net income: JP¥112.0m (up 37% from 2Q 2024). Profit margin: 7.6% (up from 5.8% 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 30% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Jun 04
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 3.7% to JP¥1,532. The fair value is estimated to be JP¥1,275, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.8% over the last 3 years. Earnings per share has grown by 31%. Reported Earnings • May 21
First quarter 2025 earnings released: EPS: JP¥69.17 (vs JP¥114 in 1Q 2024) First quarter 2025 results: EPS: JP¥69.17 (down from JP¥114 in 1Q 2024). Revenue: JP¥1.67b (up 2.4% from 1Q 2024). Net income: JP¥108.0m (down 42% from 1Q 2024). Profit margin: 6.5% (down from 11% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Mar 28
Nihon Isk Co.,Ltd. (TSE:7986) announces an Equity Buyback for 100,000 shares, representing 6.36% for ¥150 million. Nihon Isk Co.,Ltd. (TSE:7986) announces a share repurchase program. Under the program, the company will repurchase up to 100,000 shares, representing 6.36% of its issued share capital (excluding treasury stock), for a total purchase price of ¥150 million. The purpose of the program is to increase shareholder value per share and improve capital efficiency, as well as to enable the implementation of a flexible capital policy in response to changes in the business environment. The program will continue through September 22, 2025. As of December 31, 2024, the company had 1,573,530 issued shares (excluding treasury stock) and 202,470 treasury shares. Reported Earnings • Feb 16
Full year 2024 earnings released: EPS: JP¥270 (vs JP¥231 in FY 2023) Full year 2024 results: EPS: JP¥270 (up from JP¥231 in FY 2023). Revenue: JP¥5.90b (up 3.9% from FY 2023). Net income: JP¥433.0m (up 16% from FY 2023). Profit margin: 7.3% (up from 6.6% 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 28% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Feb 14
Nihon Isk Co.,Ltd., Annual General Meeting, Mar 28, 2025 Nihon Isk Co.,Ltd., Annual General Meeting, Mar 28, 2025. Upcoming Dividend • Dec 20
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 31 March 2025. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.8%). In line with average of industry peers (2.1%). Announcement • Dec 03
Nihon Isk Co.,Ltd. to Report Fiscal Year 2024 Results on Feb 14, 2025 Nihon Isk Co.,Ltd. announced that they will report fiscal year 2024 results on Feb 14, 2025 Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to JP¥1,170, the stock trades at a trailing P/E ratio of 4.6x. Average trailing P/E is 12x in the Commercial Services industry in Japan. Total loss to shareholders of 12% over the past three years. Reported Earnings • May 20
First quarter 2024 earnings released: EPS: JP¥114 (vs JP¥88.63 in 1Q 2023) First quarter 2024 results: EPS: JP¥114 (up from JP¥88.63 in 1Q 2023). Revenue: JP¥1.64b (up 11% from 1Q 2023). Net income: JP¥185.0m (up 28% from 1Q 2023). Profit margin: 11% (up from 9.8% in 1Q 2023). 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 but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Reported Earnings • Feb 17
Full year 2023 earnings released: EPS: JP¥231 (vs JP¥106 in FY 2022) Full year 2023 results: EPS: JP¥231 (up from JP¥106 in FY 2022). Revenue: JP¥5.68b (up 8.3% from FY 2022). Net income: JP¥375.0m (up 107% from FY 2022). Profit margin: 6.6% (up from 3.5% 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 8% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Announcement • Feb 16
Nihon Isk Co.,Ltd., Annual General Meeting, Mar 28, 2024 Nihon Isk Co.,Ltd., Annual General Meeting, Mar 28, 2024. Upcoming Dividend • Dec 21
Upcoming dividend of JP¥30.00 per share at 2.1% yield Eligible shareholders must have bought the stock before 28 December 2023. Payment date: 01 April 2024. Payout ratio is a comfortable 15% but the company is not cash flow positive. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.9%). Reported Earnings • Nov 16
Third quarter 2023 earnings released: EPS: JP¥25.25 (vs JP¥4.68 loss in 3Q 2022) Third quarter 2023 results: EPS: JP¥25.25 (up from JP¥4.68 loss in 3Q 2022). Revenue: JP¥1.36b (up 8.9% from 3Q 2022). Net income: JP¥41.0m (up JP¥49.0m from 3Q 2022). Profit margin: 3.0% (up from net loss in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. New Risk • Oct 06
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 8.0% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.0% average weekly change). High level of non-cash earnings (34% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (JP¥2.71b market cap, or US$18.2m). Valuation Update With 7 Day Price Move • Oct 06
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to JP¥1,670, the stock trades at a trailing P/E ratio of 9.6x. Average trailing P/E is 13x in the Commercial Services industry in Japan. Total returns to shareholders of 64% over the past three years. New Risk • Aug 20
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 34% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (34% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (JP¥2.08b market cap, or US$14.3m). Reported Earnings • Aug 12
Second quarter 2023 earnings released: EPS: JP¥59.75 (vs JP¥13.42 in 2Q 2022) Second quarter 2023 results: EPS: JP¥59.75 (up from JP¥13.42 in 2Q 2022). Revenue: JP¥1.37b (up 14% from 2Q 2022). Net income: JP¥97.0m (up 322% from 2Q 2022). Profit margin: 7.1% (up from 1.9% in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Reported Earnings • May 21
First quarter 2023 earnings released: EPS: JP¥88.63 (vs JP¥68.85 in 1Q 2022) First quarter 2023 results: EPS: JP¥88.63 (up from JP¥68.85 in 1Q 2022). Revenue: JP¥1.47b (down 4.2% from 1Q 2022). Net income: JP¥145.0m (up 23% from 1Q 2022). Profit margin: 9.8% (up from 7.7% in 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Reported Earnings • Feb 17
Full year 2022 earnings released: EPS: JP¥106 (vs JP¥193 in FY 2021) Full year 2022 results: EPS: JP¥106 (down from JP¥193 in FY 2021). Revenue: JP¥5.25b (down 4.9% from FY 2021). Net income: JP¥181.0m (down 46% from FY 2021). Profit margin: 3.5% (down from 6.0% in FY 2021). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 29 December 2022. Payment date: 31 March 2023. Payout ratio is a comfortable 32% but the company is not cash flow positive. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.8%). In line with average of industry peers (2.4%). Announcement • Dec 06
Nihon Isk Co.,Ltd. to Report Fiscal Year 2022 Results on Feb 14, 2023 Nihon Isk Co.,Ltd. announced that they will report fiscal year 2022 results on Feb 14, 2023 Reported Earnings • Nov 16
Third quarter 2022 earnings released: JP¥4.67 loss per share (vs JP¥19.23 profit in 3Q 2021) Third quarter 2022 results: JP¥4.67 loss per share (down from JP¥19.23 profit in 3Q 2021). Revenue: JP¥1.25b (flat on 3Q 2021). Net loss: JP¥8.00m (down 124% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has remained flat. 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. 1 experienced director. 10 highly experienced directors. No independent directors (7 non-independent directors). External Auditor Kiyoyuki Shibata 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 • Aug 12
Second quarter 2022 earnings released: EPS: JP¥13.42 (vs JP¥41.38 in 2Q 2021) Second quarter 2022 results: EPS: JP¥13.42 (down from JP¥41.38 in 2Q 2021). Revenue: JP¥1.21b (down 8.9% from 2Q 2021). Net income: JP¥23.0m (down 68% from 2Q 2021). Profit margin: 1.9% (down from 5.4% in 2Q 2021). The decrease in margin was driven by lower revenue. 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. Announcement • Aug 11
Nihon Isk Co.,Ltd. (TSE:7986) announces an Equity Buyback for 100,000 shares, representing 5.83% for ¥120 million. Nihon Isk Co.,Ltd. (TSE:7986) announces a share repurchase program. Under the program, the company will repurchase up to 100,000 shares, representing 5.83% of its issued share capital (excluding treasury stock), for a total purchase price of ¥120 million. The purpose of the program is to o improve shareholder value per share and capital efficiency, as well as to enable flexible execution of capital policy in response to changes in the business environment. The program will continue through February 16, 2023. As of June 30, 2022, the company had 1,714,230 issued shares (excluding treasury stock) and 61,770 treasury shares. 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. 1 experienced director. 10 highly experienced directors. No independent directors (7 non-independent directors). External Auditor Kiyoyuki Shibata 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 • Feb 20
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: JP¥193 (up from JP¥150 in FY 2020). Revenue: JP¥5.52b (up 10% from FY 2020). Net income: JP¥332.0m (up 26% from FY 2020). Profit margin: 6.0% (up from 5.3% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. 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 5% per year, which means it is significantly lagging earnings growth. Announcement • Feb 17
Nihon Isk Co.,Ltd., Annual General Meeting, Mar 30, 2022 Nihon Isk Co.,Ltd., Annual General Meeting, Mar 30, 2022. Announcement • Feb 04
Nihon Isk Co.,Ltd. to Report Fiscal Year 2021 Results on Feb 14, 2022 Nihon Isk Co.,Ltd. announced that they will report fiscal year 2021 results on Feb 14, 2022 Upcoming Dividend • Dec 22
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 31 March 2022. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.3%). In line with average of industry peers (2.1%). Reported Earnings • Nov 15
Third quarter 2021 earnings released: EPS JP¥19.21 (vs JP¥43.90 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: JP¥1.25b (up 14% from 3Q 2020). Net income: JP¥33.0m (down 57% from 3Q 2020). Profit margin: 2.6% (down from 7.0% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Aug 13
Second quarter 2021 earnings released: EPS JP¥41.35 (vs JP¥27.68 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥1.32b (up 36% from 2Q 2020). Net income: JP¥71.0m (up 45% from 2Q 2020). Profit margin: 5.4% (up from 5.0% in 2Q 2020). The increase in margin was driven by higher revenue. 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 3% per year, which means it is significantly lagging earnings. Reported Earnings • May 18
First quarter 2021 earnings released: EPS JP¥118 (vs JP¥24.24 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: JP¥1.63b (up 10% from 1Q 2020). Net income: JP¥202.0m (up 370% from 1Q 2020). Profit margin: 12% (up from 2.9% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 04
Full year 2020 earnings released: EPS JP¥150 (vs JP¥177 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥5.00b (down 8.6% from FY 2019). Net income: JP¥263.0m (down 16% from FY 2019). Profit margin: 5.3% (down from 5.7% in FY 2019). The decrease in margin was driven by lower revenue. 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 14% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 18
Full year 2020 earnings released: EPS JP¥150 (vs JP¥177 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥5.00b (down 8.6% from FY 2019). Net income: JP¥263.0m (down 16% from FY 2019). Profit margin: 5.3% (down from 5.7% in FY 2019). The decrease in margin was driven by lower revenue. 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 13% per year, which means it is significantly lagging earnings. Announcement • Feb 17
Nihon Isk Co.,Ltd., Annual General Meeting, Mar 30, 2021 Nihon Isk Co.,Ltd., Annual General Meeting, Mar 30, 2021. Is New 90 Day High Low • Feb 12
New 90-day high: JP¥1,290 The company is up 14% from its price of JP¥1,136 on 13 November 2020. The Japanese market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 5.0% over the same period. Announcement • Feb 06
Nihon Isk Co.,Ltd. to Report Fiscal Year 2020 Results on Feb 15, 2021 Nihon Isk Co.,Ltd. announced that they will report fiscal year 2020 results on Feb 15, 2021 Is New 90 Day High Low • Jan 21
New 90-day high: JP¥1,139 The company is up 4.0% from its price of JP¥1,100 on 23 October 2020. The Japanese market is up 13% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Commercial Services industry, which is also up 4.0% over the same period. Upcoming Dividend • Dec 22
Upcoming Dividend of JP¥30.00 Per Share Will be paid on the 27th of March to those who are registered shareholders by the 29th of December. The trailing yield of 2.7% is below the top quartile of Japanese dividend payers (3.0%), but it is higher than industry peers (2.0%). Reported Earnings • Nov 18
Third quarter 2020 earnings released: EPS JP¥43.87 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: JP¥1.10b (down 20% from 3Q 2019). Net income: JP¥77.0m (up 6.9% from 3Q 2019). Profit margin: 7.0% (up from 5.3% in 3Q 2019). The increase in margin was driven by lower expenses. 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 18% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Nov 13
New 90-day high: JP¥1,136 The company is up 10.0% from its price of JP¥1,031 on 14 August 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is down 1.0% over the same period. Announcement • Aug 02
Nihon Isk Co.,Ltd. to Report Q2, 2020 Results on Aug 12, 2020 Nihon Isk Co.,Ltd. announced that they will report Q2, 2020 results on Aug 12, 2020