Board Change • Aug 15
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Outside Independent Director Tomoko Nanbu was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 14
First quarter 2027 earnings released: EPS: JP¥118 (vs JP¥46.52 in 1Q 2026) First quarter 2027 results: EPS: JP¥118 (up from JP¥46.52 in 1Q 2026). Revenue: JP¥72.4b (up 15% from 1Q 2026). Net income: JP¥1.27b (up 152% from 1Q 2026). Profit margin: 1.8% (up from 0.8% in 1Q 2026). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 12
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥7,170, the stock trades at a trailing P/E ratio of 17.5x. Average trailing P/E is 10x in the Oil and Gas industry in Japan. Total returns to shareholders of 86% over the past three years. Announcement • Aug 11
Sinanen Holdings Co., Ltd. (TSE:8132) announces an Equity Buyback for 100,000 shares, representing 0.92% for ¥500 million. Sinanen Holdings Co., Ltd. (TSE:8132) announces a share repurchase program. Under the program, the company will repurchase up to 100,000 shares, representing 0.92% of its issued share capital for ¥500 million. The program will valid till January 31, 2027. As of June 30, 2026, the company had 10,839,944 shares in issue and 206,647 shares in treasury. New Risk • Jun 20
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 23% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Large one-off items impacting financial results. New Risk • Jun 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. This is currently the only risk that has been identified for the company. Reported Earnings • May 18
Full year 2026 earnings released: EPS: JP¥408 (vs JP¥290 in FY 2025) Full year 2026 results: EPS: JP¥408 (up from JP¥290 in FY 2025). Revenue: JP¥298.8b (down 5.8% from FY 2025). Net income: JP¥4.44b (up 41% from FY 2025). Profit margin: 1.5% (up from 1.0% in FY 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 15
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥7,980, the stock trades at a trailing P/E ratio of 28.6x. Average trailing P/E is 12x in the Oil and Gas industry in Japan. Total returns to shareholders of 119% over the past three years. Announcement • May 14
Sinanen Holdings Co., Ltd., Annual General Meeting, Jun 25, 2026 Sinanen Holdings Co., Ltd., Annual General Meeting, Jun 25, 2026. Announcement • May 10
Sinanen Holdings Co., Ltd. to Report Fiscal Year 2026 Results on May 14, 2026 Sinanen Holdings Co., Ltd. announced that they will report fiscal year 2026 results at 3:00 PM, Tokyo Standard Time on May 14, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥90.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 26 June 2026. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (2.4%). Reported Earnings • Feb 11
Third quarter 2026 earnings released: EPS: JP¥49.07 (vs JP¥86.02 in 3Q 2025) Third quarter 2026 results: EPS: JP¥49.07 (down from JP¥86.02 in 3Q 2025). Revenue: JP¥83.3b (down 4.4% from 3Q 2025). Net income: JP¥534.0m (down 43% from 3Q 2025). Profit margin: 0.6% (down from 1.1% in 3Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Declared Dividend • Jan 08
Dividend of JP¥90.00 announced Dividend of JP¥90.00 is the same as last year. Ex-date: 30th March 2026 Payment date: 26th June 2026 Dividend yield will be 1.4%, which is lower than the industry average of 3.6%. Sustainability & Growth Dividend is well covered by both earnings (29% earnings payout ratio) and cash flows (10% cash payout ratio). The dividend has increased by an average of 1.8% 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 7.2% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 14
Second quarter 2026 earnings released: JP¥6.34 loss per share (vs JP¥16.36 loss in 2Q 2025) Second quarter 2026 results: JP¥6.34 loss per share (improved from JP¥16.36 loss in 2Q 2025). Revenue: JP¥57.3b (down 4.5% from 2Q 2025). Net loss: JP¥69.0m (loss narrowed 61% from 2Q 2025). Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 10
First quarter 2026 earnings released: EPS: JP¥46.52 (vs JP¥31.08 in 1Q 2025) First quarter 2026 results: EPS: JP¥46.52 (up from JP¥31.08 in 1Q 2025). Revenue: JP¥63.2b (flat on 1Q 2025). Net income: JP¥506.0m (up 50% from 1Q 2025). Profit margin: 0.8% (up from 0.5% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Jul 01
Full year 2025 earnings released: EPS: JP¥290 (vs JP¥95.47 loss in FY 2024) Full year 2025 results: EPS: JP¥290 (up from JP¥95.47 loss in FY 2024). Revenue: JP¥317.1b (down 8.9% from FY 2024). Net income: JP¥3.15b (up JP¥4.19b from FY 2024). Profit margin: 1.0% (up from net loss in FY 2024). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. Reported Earnings • May 19
Full year 2025 earnings released: EPS: JP¥290 (vs JP¥95.47 loss in FY 2024) Full year 2025 results: EPS: JP¥290 (up from JP¥95.47 loss in FY 2024). Revenue: JP¥317.1b (down 8.9% from FY 2024). Net income: JP¥3.15b (up JP¥4.19b from FY 2024). Profit margin: 1.0% (up from net loss in FY 2024). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings. Announcement • May 14
Sinanen Holdings Co., Ltd., Annual General Meeting, Jun 25, 2025 Sinanen Holdings Co., Ltd., Annual General Meeting, Jun 25, 2025. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to JP¥6,880, the stock trades at a trailing P/E ratio of 33.7x. Average trailing P/E is 9x in the Oil and Gas industry in Japan. Total returns to shareholders of 120% over the past three years. Announcement • Mar 31
Sinanen Holdings Co., Ltd. Revises Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2025 Sinanen Holdings Co., Ltd. revised consolidated earnings guidance for the fiscal year ending March 31, 2025. For the year, the company now expects net sales of JPY 314,800 million, operating profit of JPY 3,600 million, profit attributable to owners of parent of JPY 3,000 million and profit per share of JPY 275.77 against previous guidance of net sales of JPY 340,000 million, operating profit of JPY 2,800 million, profit attributable to owners of parent of JPY 1,800 million and profit per share of JPY 165.46. Reasons for revision: Net sales are anticipated to be below forecasts due to lower sales volumes of petroleum products. With regard to operating profit and ordinary profit, the transition to market-linked plans along with a review of administrative systems has helped propel a steady recovery to profitability in the electricity business, while the petroleum business has seen factors such as the improved profitability of kerosene transactions. As such, the result is expected to exceed the forecast. Profit attributable to owners of parent reflects the effect of factors such as impairment losses on non- current assets and loss on sale of shares of subsidiaries. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥75.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 27 June 2025. Payout ratio is a comfortable 37% but the company is not cash flow positive. Trailing yield: 1.2%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (3.6%). Valuation Update With 7 Day Price Move • Mar 06
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥6,530, the stock trades at a trailing P/E ratio of 32x. Average trailing P/E is 10x in the Oil and Gas industry in Japan. Total returns to shareholders of 103% over the past three years. Announcement • Feb 28
Sinanen Holdings Co., Ltd. to Report Fiscal Year 2025 Results on May 14, 2025 Sinanen Holdings Co., Ltd. announced that they will report fiscal year 2025 results at 3:00 PM, Tokyo Standard Time on May 14, 2025 New Risk • Feb 12
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 25% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 32% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (5.3% average weekly change). Large one-off items impacting financial results. Reported Earnings • Feb 12
Third quarter 2025 earnings released: EPS: JP¥86.02 (vs JP¥8.28 loss in 3Q 2024) Third quarter 2025 results: EPS: JP¥86.02 (up from JP¥8.28 loss in 3Q 2024). Revenue: JP¥87.1b (down 9.5% from 3Q 2024). Net income: JP¥936.0m (up JP¥1.03b from 3Q 2024). Profit margin: 1.1% (up from net loss in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings. Announcement • Feb 10
Sinanen Holdings Co., Ltd. Announces Changes to Director Responsibilities, Personnel Changes, and Organizational Changes, Effective from April 1, 2025 Sinanen Holdings Co., Ltd. announced changes to Director responsibilities, personnel changes, and organizational changes. Masaki Yamazaki from (Responsible for the Growth Strategy Department) Chairman to Chairman. Miwa Mitsuhashi from Director (Responsible for the Finance and IR Department, Human Resources and General Affairs Department, Group Reform Promotion Office, and Legal Affairs Office) to Director (Responsible for Sustainability Promotion and Human Resources and General Affairs Department). Tetsuya Nakamura from Director and CCO (Responsible for the Corporate Planning Department, IT Strategy Department, and Operations Management Department) to Director and CCO (Responsible for the Corporate Planning Department, IT Strategy Department, Operations Management Department, Legal Affairs Office). Yoshiyuki Iizuka from Executive Officer and Head of Corporate Planning Department of the Company and Senior Executive Officer and Head of Corporate Planning Department of Sinanen Co., Ltd. to Executive Officer and Head of Corporate Planning Department of the Company and Senior Executive Officer and Responsible for the Corporate Planning Department of Sinanen Co., Ltd. Daisuke Takahashi from General Manager of the Growth Strategy Department and Head of the Sustainability Promotion Team to Seconded to Melife Co., Ltd., as General Manager of GX/CX. Organizational changes effective from April 1, 2025: To centralize ESG management functions, the Growth Strategy Department Sustainability Promotion Team and the Corporate Planning Department Management Team will be integrated into the Corporate Planning Department Management Strategies Team. To promote efforts at decarbonization in core businesses, the Growth Strategy Department Group Coordination Promotion Team will be transferred to Melife Co., Ltd. To centralize human resources strategy functions (systems design and operation, recruitment, development, etc.), the Human Resources and General Affairs Department Human Resources Strategy Team and the Human Resources and General Affairs Department Human Resources Development Team will be integrated together. To strengthen public relations, corporate strategy and public relations functions will be integrated, the Finance and IR Department Corporate Communications Team will be divided into the IR/SR Team and the Public Relations Team, and the Public Relations Team will be moved to the Corporate Planning Department. In recognition of the strengthening of its ALM role, the Finance IR Department Finance team will be renamed the Finance/ALM Team. In recognition of the strengthening of its operational support role, the Finance IR Department Accounting Team will be renamed the Accounting/Operations Support Team. New Risk • Feb 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.1% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 36% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (5.1% average weekly change). Declared Dividend • Jan 06
Dividend of JP¥75.00 announced Dividend of JP¥75.00 is the same as last year. Ex-date: 28th March 2025 Payment date: 27th June 2025 Dividend yield will be 1.2%, which is lower than the industry average of 3.6%. Sustainability & Growth Dividend is covered by earnings (68% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has not increased over the past 10 years but has been stable with no material reductions to payments, indicating a long track record of dividend stability. The company's earnings per share (EPS) would need to decline by 24% to shift the payout ratio to a potentially unsustainable range, which is more than the 8.8% EPS decline seen over the last 5 years. Reported Earnings • Nov 13
Second quarter 2025 earnings released: JP¥16.36 loss per share (vs JP¥158 loss in 2Q 2024) Second quarter 2025 results: JP¥16.36 loss per share (improved from JP¥158 loss in 2Q 2024). Revenue: JP¥60.0b (down 14% from 2Q 2024). Net loss: JP¥178.0m (loss narrowed 90% from 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 100 percentage points per year, which is a significant difference in performance. Board Change • Oct 10
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 1 experienced director. 1 highly experienced director. Independent Outside Director Shino Ren is the most experienced director on the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Aug 14
First quarter 2025 earnings released: EPS: JP¥31.08 (vs JP¥33.11 loss in 1Q 2024) First quarter 2025 results: EPS: JP¥31.08 (up from JP¥33.11 loss in 1Q 2024). Revenue: JP¥63.6b (down 11% from 1Q 2024). Net income: JP¥338.0m (up JP¥699.0m from 1Q 2024). Profit margin: 0.5% (up from net loss in 1Q 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 102 percentage points per year, which is a significant difference in performance. Reported Earnings • May 18
Full year 2024 earnings released: JP¥95.47 loss per share (vs JP¥43.75 profit in FY 2023) Full year 2024 results: JP¥95.47 loss per share (down from JP¥43.75 profit in FY 2023). Revenue: JP¥348.3b (up 1.8% from FY 2023). Net loss: JP¥1.04b (down 317% from profit in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 102 percentage points per year, which is a significant difference in performance. Announcement • Mar 28
Sinanen Holdings Co., Ltd. to Report Fiscal Year 2024 Results on May 14, 2024 Sinanen Holdings Co., Ltd. announced that they will report fiscal year 2024 results on May 14, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥75.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 28 June 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.5%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (3.1%). Announcement • Feb 14
Sinanen Holdings Co., Ltd. Appoints Taro Nakagome as CEO Sinanen Holdings Co., Ltd. announced the appointment of Taro Nakagome as President and CEO. His Current post is President and CEO of Sinanen Axia Co., Ltd. Name and career summary of Taro Nakagome is Date of birth April 9, 1973. Place of birth is Kanagawa Prefecture. Career; April 1997 Joined the Company, February 2012 President & CEO of Indess Co., Ltd. April 2020 President & CEO of Indess Co., Ltd. April 2020 and President & CEO of U-Techs Co., Ltd. June 2020 President and CEO of Takara Building Maintenance Co., Ltd. June 2020 and President & CEO of Indess Co., Ltd. June 2020 and President & CEO of U-Techs Co., Ltd. June 2021 President and CEO of Takara Building Maintenance Co., Ltd. October 2023 President and CEO of Sinanen Axia Co., Ltd. (present position). Announcement • Feb 13
Sinanen Holdings Co., Ltd., Annual General Meeting, Jun 26, 2024 Sinanen Holdings Co., Ltd., Annual General Meeting, Jun 26, 2024. Reported Earnings • Feb 10
Third quarter 2024 earnings released: JP¥8.27 loss per share (vs JP¥149 loss in 3Q 2023) Third quarter 2024 results: JP¥8.27 loss per share (improved from JP¥149 loss in 3Q 2023). Revenue: JP¥96.3b (flat on 3Q 2023). Net loss: JP¥90.0m (loss narrowed 95% from 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 15
Second quarter 2024 earnings released: JP¥157 loss per share (vs JP¥72.10 loss in 2Q 2023) Second quarter 2024 results: JP¥157 loss per share (further deteriorated from JP¥72.10 loss in 2Q 2023). Revenue: JP¥69.8b (up 1.9% from 2Q 2023). Net loss: JP¥1.71b (loss widened 117% from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Reported Earnings • Aug 10
First quarter 2024 earnings released: JP¥33.11 loss per share (vs JP¥150 profit in 1Q 2023) First quarter 2024 results: JP¥33.11 loss per share (down from JP¥150 profit in 1Q 2023). Revenue: JP¥71.4b (flat on 1Q 2023). Net loss: JP¥361.0m (down 122% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. New Risk • Jun 16
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 171% The company is paying a dividend despite having no free cash flows. Dividend yield: 2.0% 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 Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 171% Paying a dividend despite having no free cash flows. Earnings have declined by 4.6% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.1% net profit margin). Announcement • May 18
Sinanen Holdings Co., Ltd. Provides Consolidated Financial Guidance for the Fiscal Year Ending March 31, 2024 Sinanen Holdings Co., Ltd. provided consolidated financial guidance for the fiscal year ending March 31, 2024. For the year, the company expects net sales to be JPY 360,000 million, operating profit to be JPY 2,000 million, profit attributable to owners of parent to be JPY 1,300 million and profit for share to be JPY 118.98. Announcement • May 17
Sinanen Holdings Co., Ltd., Annual General Meeting, Jun 27, 2023 Sinanen Holdings Co., Ltd., Annual General Meeting, Jun 27, 2023. Reported Earnings • May 17
Full year 2023 earnings released: EPS: JP¥43.75 (vs JP¥228 in FY 2022) Full year 2023 results: EPS: JP¥43.75 (down from JP¥228 in FY 2022). Revenue: JP¥342.3b (up 18% from FY 2022). Net income: JP¥478.0m (down 81% from FY 2022). Profit margin: 0.1% (down from 0.9% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥75.00 per share at 2.4% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 23 June 2023. Payout ratio is a comfortable 67% but the company is not cash flow positive. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (4.4%). Reported Earnings • Feb 01
Third quarter 2023 earnings released: JP¥149 loss per share (vs JP¥38.32 profit in 3Q 2022) Third quarter 2023 results: JP¥149 loss per share (down from JP¥38.32 profit in 3Q 2022). Revenue: JP¥95.7b (up 16% from 3Q 2022). Net loss: JP¥1.63b (down 489% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 18
Second quarter 2023 earnings released: JP¥72.09 loss per share (vs JP¥28.01 loss in 2Q 2022) Second quarter 2023 results: JP¥72.09 loss per share (further deteriorated from JP¥28.01 loss in 2Q 2022). Revenue: JP¥68.5b (up 34% from 2Q 2022). Net loss: JP¥788.0m (loss widened 158% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 02
Second quarter 2023 earnings released: JP¥72.09 loss per share (vs JP¥28.01 loss in 2Q 2022) Second quarter 2023 results: JP¥72.09 loss per share (further deteriorated from JP¥28.01 loss in 2Q 2022). Revenue: JP¥68.5b (up 34% from 2Q 2022). Net loss: JP¥788.0m (loss widened 158% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Jul 31
First quarter 2023 earnings released: EPS: JP¥150 (vs JP¥34.67 in 1Q 2022) First quarter 2023 results: EPS: JP¥150 (up from JP¥34.67 in 1Q 2022). Revenue: JP¥71.2b (up 44% from 1Q 2022). Net income: JP¥1.64b (up 335% from 1Q 2022). Profit margin: 2.3% (up from 0.8% in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Jun 26
Full year 2022 earnings released Full year 2022 results: Revenue: JP¥289.3b (up 33% from FY 2021). Net income: JP¥2.49b (down 8.5% from FY 2021). Profit margin: 0.9% (down from 1.3% in FY 2021). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 16
Full year 2022 earnings released: EPS: JP¥228 (vs JP¥250 in FY 2021) Full year 2022 results: EPS: JP¥228 (down from JP¥250 in FY 2021). Revenue: JP¥289.3b (up 33% from FY 2021). Net income: JP¥2.49b (down 8.5% from FY 2021). Profit margin: 0.9% (down from 1.3% in FY 2021). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 15
Sinanen Holdings Co., Ltd., Annual General Meeting, Jun 22, 2022 Sinanen Holdings Co., Ltd., Annual General Meeting, Jun 22, 2022. Announcement • Apr 08
Sinanen Holdings Co., Ltd. to Report Fiscal Year 2022 Results on May 13, 2022 Sinanen Holdings Co., Ltd. announced that they will report fiscal year 2022 results on May 13, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥75.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 23 June 2022. Payout ratio is a comfortable 33% but the company is paying out more than the cash it is generating. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (3.7%). Reported Earnings • Feb 02
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥38.32 (up from JP¥33.02 in 3Q 2021). Revenue: JP¥82.2b (up 39% from 3Q 2021). Net income: JP¥418.0m (up 16% from 3Q 2021). Profit margin: 0.5% (down from 0.6% in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Oct 31
Second quarter 2022 earnings released: JP¥28.00 loss per share (vs JP¥12.41 profit in 2Q 2021) The company reported a soft second quarter result with weaker earnings and weaker control over costs, although revenues improved. Second quarter 2022 results: Revenue: JP¥51.2b (up 26% from 2Q 2021). Net loss: JP¥305.0m (down 326% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 10% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 03
First quarter 2022 earnings released: EPS JP¥34.67 (vs JP¥23.91 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥49.4b (up 26% from 1Q 2021). Net income: JP¥377.0m (up 45% from 1Q 2021). Profit margin: 0.8% (up from 0.7% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 5% per year. Reported Earnings • Jun 25
Full year 2021 earnings released: EPS JP¥250 (vs JP¥275 in FY 2020) The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2021 results: Revenue: JP¥217.1b (down 8.4% from FY 2020). Net income: JP¥2.72b (down 9.1% from FY 2020). Profit margin: 1.3% (in line with FY 2020). Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 3% per year. Reported Earnings • May 17
Full year 2021 earnings released: EPS JP¥250 (vs JP¥275 in FY 2020) The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2021 results: Revenue: JP¥217.1b (down 8.4% from FY 2020). Net income: JP¥2.72b (down 9.1% from FY 2020). Profit margin: 1.3% (in line with FY 2020). Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 2% per year. Announcement • Apr 29
An employee of SINANEN INDUSTRIA E COMERCIO DE COMBUSTIVEIS agreed to acquire SINANEN INDUSTRIA E COMERCIO DE COMBUSTIVEIS LTDA from Sinanen Holdings Co., Ltd. (TSE:8132). An employee of SINANEN INDUSTRIA E COMERCIO DE COMBUSTIVEIS agreed to acquire SINANEN INDUSTRIA E COMERCIO DE COMBUSTIVEIS LTDA from Sinanen Holdings Co., Ltd. (TSE:8132) on April 28, 2021. The Transfer Contract Signing date is expected to be October 1, 2021. As at December 31, 2020, SINANEN INDUSTRIA E COMERCIO DE COMBUSTIVEIS had net assets of BRL 19.38 million and total assets of BRL 19.56 million. For the year ended December 31, 2020, SINANEN INDUSTRIA E COMERCIO DE COMBUSTIVEIS had sales of BRL 0.13 million, operating loss of BRL 2.79 million and net loss of BRL 1.73 million. Share transfer execution date is expected to be October 1, 2021. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥75.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 25 June 2021. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (2.7%). Lower than average of industry peers (3.5%). Announcement • Mar 04
Sinanen Holdings Co., Ltd. to Report Fiscal Year 2021 Results on May 14, 2021 Sinanen Holdings Co., Ltd. announced that they will report fiscal year 2021 results on May 14, 2021 Is New 90 Day High Low • Feb 04
New 90-day high: JP¥3,240 The company is up 7.0% from its price of JP¥3,025 on 06 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 20% over the same period. 
