Board Change • May 21
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 1 highly experienced director. 1 independent director (7 non-independent directors). Independent Outside Director Yoichi Kamikawa was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Sep 26
Misumi Co., Ltd. (FKSE:7441) announces an Equity Buyback for 200,000 shares, representing 3.51% for ¥400 million. Misumi Co., Ltd. (FKSE:7441) announces a share repurchase program. Under the program, the company will repurchase 200,000 shares, representing 3.51% of the outstanding shares for ¥400 million. The purpose of the program is to implement a flexible capital policy that responds to changes in the business environment, improve capital efficiency, and return profits to shareholders. The repurchase program will expire on September 30, 2026. As of August 31, 2025, the company had 5,705,734 issued shares (excluding treasury stock) and 394,769 shares in treasury. Announcement • Jun 03
Misumi Co., Ltd., Annual General Meeting, Jun 20, 2025 Misumi Co., Ltd., Annual General Meeting, Jun 20, 2025, at 10:00 Tokyo Standard Time. Location: 7-20 oshimotocho, office head office, 1st floor hall, kagoshima Japan Upcoming Dividend • Sep 20
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 06 December 2024. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (3.6%). Reported Earnings • Aug 14
First quarter 2025 earnings released: EPS: JP¥33.51 (vs JP¥1.74 in 1Q 2024) First quarter 2025 results: EPS: JP¥33.51 (up from JP¥1.74 in 1Q 2024). Revenue: JP¥14.4b (up 1.4% from 1Q 2024). Net income: JP¥192.0m (up JP¥182.0m from 1Q 2024). Profit margin: 1.3% (up from 0.1% in 1Q 2024). 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 3% per year, which means it is significantly lagging earnings growth. Announcement • Jun 21
Misumi Co., Ltd., Annual General Meeting, Jun 26, 2024 Misumi Co., Ltd., Annual General Meeting, Jun 26, 2024, at 10:00 Tokyo Standard Time. Location: 7-20 wholesale honmachi, kagoshima city head office 1st floor hall, kagoshima Japan Reported Earnings • May 16
Full year 2024 earnings released: EPS: JP¥124 (vs JP¥117 in FY 2023) Full year 2024 results: EPS: JP¥124 (up from JP¥117 in FY 2023). Revenue: JP¥60.7b (down 4.9% from FY 2023). Net income: JP¥710.0m (up 5.5% from FY 2023). Profit margin: 1.2% (up from 1.1% 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 4% per year whereas the company’s share price has remained flat. Board Change • May 01
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. 7 non-independent directors. Independent Outside Director Yoichi Kamikawa 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. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 26 June 2024. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (3.1%). Reported Earnings • Feb 10
Third quarter 2024 earnings released: EPS: JP¥65.35 (vs JP¥29.39 in 3Q 2023) Third quarter 2024 results: EPS: JP¥65.35 (up from JP¥29.39 in 3Q 2023). Revenue: JP¥15.9b (down 4.9% from 3Q 2023). Net income: JP¥375.0m (up 122% from 3Q 2023). Profit margin: 2.4% (up from 1.0% in 3Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has increased by 2% per year. Reported Earnings • Nov 17
Second quarter 2024 earnings released: EPS: JP¥4.00 (vs JP¥25.89 in 2Q 2023) Second quarter 2024 results: EPS: JP¥4.00 (down from JP¥25.89 in 2Q 2023). Revenue: JP¥14.7b (down 3.0% from 2Q 2023). Net income: JP¥23.0m (down 85% from 2Q 2023). Profit margin: 0.2% (down from 1.0% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to JP¥2,285, the stock trades at a trailing P/E ratio of 25.9x. Average trailing P/E is 11x in the Oil and Gas industry in Japan. Total returns to shareholders of 40% over the past three years. Announcement • Sep 29
Misumi Co., Ltd. (FKSE:7441) announces an Equity Buyback for 200,000 shares, representing 3.47% for ¥400 million. Misumi Co., Ltd. (FKSE:7441) announces a share repurchase program. Under the program, the company will repurchase 200,000 shares, representing 3.47% of the outstanding shares for ¥400 million. The purpose of the program is to implement a flexible capital policy that responds to changes in the business environment, improve capital efficiency, and return profits to shareholders. The repurchase program will expire on September 30, 2024. As of August 31, 2023, the company had 5,756,334 issued shares (excluding treasury stock) and 344,169 shares in treasury. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥20.00 per share at 2.2% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 06 December 2023. Payout ratio is a comfortable 45% but the company is not cash flow positive. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.3%). Lower than average of industry peers (3.3%). Reported Earnings • Aug 10
First quarter 2024 earnings released: EPS: JP¥1.74 (vs JP¥30.36 in 1Q 2023) First quarter 2024 results: EPS: JP¥1.74 (down from JP¥30.36 in 1Q 2023). Revenue: JP¥14.2b (down 8.2% from 1Q 2023). Net income: JP¥10.0m (down 94% from 1Q 2023). Profit margin: 0.1% (down from 1.1% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has remained flat. Reported Earnings • May 17
Full year 2023 earnings released: EPS: JP¥117 (vs JP¥83.91 in FY 2022) Full year 2023 results: EPS: JP¥117 (up from JP¥83.91 in FY 2022). Revenue: JP¥63.8b (up 4.1% from FY 2022). Net income: JP¥673.0m (up 39% from FY 2022). Profit margin: 1.1% (up from 0.8% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has remained flat. Upcoming Dividend • Mar 24
Upcoming dividend of JP¥20.00 per share at 2.3% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 26 June 2023. Payout ratio is a comfortable 60% but the company is not cash flow positive. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (4.4%). Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: JP¥29.39 (vs JP¥59.54 in 3Q 2022) Third quarter 2023 results: EPS: JP¥29.39 (down from JP¥59.54 in 3Q 2022). Revenue: JP¥16.8b (down 1.3% from 3Q 2022). Net income: JP¥169.0m (down 51% from 3Q 2022). Profit margin: 1.0% (down from 2.0% in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: JP¥25.89 (vs JP¥26.98 in 2Q 2022) Second quarter 2023 results: EPS: JP¥25.89 (down from JP¥26.98 in 2Q 2022). Revenue: JP¥15.1b (up 8.9% from 2Q 2022). Net income: JP¥149.0m (down 4.5% from 2Q 2022). Profit margin: 1.0% (in line with 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Announcement • Oct 28
Misumi Co., Ltd. (FKSE:7441) announces an Equity Buyback for 200,000 shares, representing 3.47% for ¥400 million. Misumi Co., Ltd. (FKSE:7441) announces a share repurchase program. Under the program, the company will repurchase 200,000 shares, representing 3.47% of the outstanding shares for ¥400 million. The purpose of the program is to implement a flexible capital policy that responds to changes in the business environment, improve capital efficiency, and return profits to shareholders. The repurchase program will expire on September 29, 2023. As of September 30, 2022, the company had 5,762,534 shares outstanding and 337,969 shares in treasury. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 06 December 2022. Payout ratio is a comfortable 41% but the company is not cash flow positive. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (3.9%). Reported Earnings • Aug 18
First quarter 2023 earnings released: EPS: JP¥30.36 (vs JP¥16.42 in 1Q 2022) First quarter 2023 results: EPS: JP¥30.36 (up from JP¥16.42 in 1Q 2022). Revenue: JP¥15.5b (up 17% from 1Q 2022). Net income: JP¥175.0m (up 84% from 1Q 2022). Profit margin: 1.1% (up from 0.7% in 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Board Change • Jul 26
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. 5 experienced directors. 7 highly experienced directors. No independent directors (12 non-independent directors). Director Toshinori Uemura 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 • May 17
Full year 2022 earnings released: EPS: JP¥83.91 (vs JP¥113 in FY 2021) Full year 2022 results: EPS: JP¥83.91 (down from JP¥113 in FY 2021). Revenue: JP¥61.3b (up 17% from FY 2021). Net income: JP¥485.0m (down 28% from FY 2021). Profit margin: 0.8% (down from 1.3% in FY 2021). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Board Change • May 17
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. 5 experienced directors. 7 highly experienced directors. No independent directors (12 non-independent directors). Director Toshinori Uemura 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 • May 15
Full year 2022 earnings released: EPS: JP¥83.91 (vs JP¥113 in FY 2021) Full year 2022 results: EPS: JP¥83.91 (down from JP¥113 in FY 2021). Revenue: JP¥61.3b (up 17% from FY 2021). Net income: JP¥485.0m (down 28% from FY 2021). Profit margin: 0.8% (down from 1.3% in FY 2021). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Board Change • Apr 29
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. 5 experienced directors. 7 highly experienced directors. No independent directors (12 non-independent directors). Director Toshinori Uemura 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. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 25 June 2022. Payout ratio is a comfortable 56% but the company is not cash flow positive. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (3.7%). Reported Earnings • Feb 18
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥59.54 (up from JP¥53.59 in 3Q 2021). Revenue: JP¥17.0b (up 19% from 3Q 2021). Net income: JP¥344.0m (up 8.9% from 3Q 2021). Profit margin: 2.0% (down from 2.2% in 3Q 2021). Revenue was in line with analyst estimates. 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. Board Change • Feb 18
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. 5 experienced directors. 7 highly experienced directors. No independent directors (12 non-independent directors). Director Toshinori Uemura 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 12
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥59.54 (up from JP¥53.59 in 3Q 2021). Revenue: JP¥17.0b (up 19% from 3Q 2021). Net income: JP¥344.0m (up 8.9% from 3Q 2021). Profit margin: 2.0% (down from 2.2% in 3Q 2021). Revenue was in line with analyst estimates. 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. Board Change • Feb 03
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 (11 non-independent directors). Director Toshinori Uemura 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. Board Change • Jan 05
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 (11 non-independent directors). Director Toshinori Uemura 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 13
Second quarter 2022 earnings released: EPS JP¥26.98 (vs JP¥34.27 in 2Q 2021) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2022 results: Revenue: JP¥13.9b (up 14% from 2Q 2021). Net income: JP¥156.0m (down 24% from 2Q 2021). Profit margin: 1.1% (down from 1.7% in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 14% 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. Board Change • Nov 02
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 (11 non-independent directors). Director Toshinori Uemura 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 • Sep 29
Misumi Co., Ltd. (FKSE:7441) announces an Equity Buyback for 200,000 shares, representing 3.46% for ¥400 million. Misumi Co., Ltd. (FKSE:7441) announces a share repurchase program. Under the program, the company will repurchase up to 200,000 shares, representing 3.46% of its issued share capital (excluding treasury stock), for a total purchase price of ¥400 million. The purpose of the program is to implement agile capital policies in response to changes in the business environment, improve capital efficiency, and return profits to shareholders. The program will be valid till September 30, 2022. As of September 27, 2021, the company has 5,779,534 issued shares (excluding treasury stock) and 320,969 treasury shares. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 04 December 2021. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.0%). Lower than average of industry peers (4.1%). Board Change • Sep 09
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 (11 non-independent directors). Director Toshinori Uemura 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 • May 15
Full year 2021 earnings released: EPS JP¥113 (vs JP¥84.79 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¥52.5b (down 8.5% from FY 2020). Net income: JP¥669.0m (up 31% from FY 2020). Profit margin: 1.3% (up from 0.9% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 3% per year. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 26 June 2021. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (2.7%). Lower than average of industry peers (3.5%). Reported Earnings • Feb 12
Third quarter 2021 earnings released: EPS JP¥53.59 (vs JP¥47.12 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¥14.3b (down 2.9% from 3Q 2020). Net income: JP¥316.0m (up 11% from 3Q 2020). Profit margin: 2.2% (up from 1.9% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 4% per year. Is New 90 Day High Low • Feb 09
New 90-day low: JP¥1,745 The company is down 2.0% from its price of JP¥1,780 on 11 November 2020. The Japanese market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Oil and Gas industry, which is up 21% over the same period. Reported Earnings • Nov 14
Second quarter 2021 earnings released: EPS JP¥34.27 The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: JP¥12.1b (down 12% from 2Q 2020). Net income: JP¥206.0m (up 19% from 2Q 2020). Profit margin: 1.7% (up from 1.3% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 3% per year. Is New 90 Day High Low • Nov 09
New 90-day high: JP¥2,000 The company is up 12% from its price of JP¥1,789 on 11 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 Oil and Gas industry, which is down 6.0% over the same period. Is New 90 Day High Low • Oct 07
New 90-day high: JP¥1,818 The company is up 5.0% from its price of JP¥1,725 on 09 July 2020. The Japanese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Oil and Gas industry, which is down 1.0% over the same period. Upcoming Dividend • Sep 22
Upcoming Dividend of JP¥20.00 Per Share Will be paid on the 5th of December to those who are registered shareholders by the 29th of September. The trailing yield of 2.2% is below the top quartile of Japanese dividend payers (3.1%), and is lower than industry peers (4.4%).