Reported Earnings • May 09
Full year 2026 earnings released: EPS: JP¥27.49 (vs JP¥46.07 in FY 2025) Full year 2026 results: EPS: JP¥27.49 (down from JP¥46.07 in FY 2025). Revenue: JP¥55.8b (down 1.0% from FY 2025). Net income: JP¥655.0m (down 41% from FY 2025). Profit margin: 1.2% (down from 2.0% in FY 2025). 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 19% per year, which means it is well ahead of earnings. Announcement • May 08
Kyowa Leather Cloth Co., Ltd., Annual General Meeting, Jun 19, 2026 Kyowa Leather Cloth Co., Ltd., Annual General Meeting, Jun 19, 2026. Buy Or Sell Opportunity • May 08
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 20% to JP¥908. The fair value is estimated to be JP¥1,150, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.8% over the last 3 years. Earnings per share has grown by 2.9%. Announcement • May 08
Kyowa Leather Cloth Co., Ltd. to Report Fiscal Year 2026 Results on May 08, 2026 Kyowa Leather Cloth Co., Ltd. announced that they will report fiscal year 2026 results on May 08, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥26.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 22 June 2026. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 5.4%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.3%). Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥985, the stock trades at a trailing P/E ratio of 79.3x. Average trailing P/E is 15x in the Chemicals industry in Japan. Total returns to shareholders of 112% over the past three years. Reported Earnings • Feb 07
Third quarter 2026 earnings released: EPS: JP¥15.15 (vs JP¥25.47 in 3Q 2025) Third quarter 2026 results: EPS: JP¥15.15 (down from JP¥25.47 in 3Q 2025). Revenue: JP¥14.9b (up 6.3% from 3Q 2025). Net income: JP¥361.0m (down 41% from 3Q 2025). Profit margin: 2.4% (down from 4.3% in 3Q 2025). The decrease in margin was driven by higher expenses. 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 31% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 29
Kyowa Leather Cloth Co., Ltd. to Report Q3, 2026 Results on Feb 06, 2026 Kyowa Leather Cloth Co., Ltd. announced that they will report Q3, 2026 results on Feb 06, 2026 Reported Earnings • Nov 01
Second quarter 2026 earnings released: JP¥2.52 loss per share (vs JP¥7.47 profit in 2Q 2025) Second quarter 2026 results: JP¥2.52 loss per share (down from JP¥7.47 profit in 2Q 2025). Revenue: JP¥13.2b (down 3.9% from 2Q 2025). Net loss: JP¥60.0m (down 134% from profit in 2Q 2025). 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 21% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥26.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 05 December 2025. Payout ratio is on the higher end at 98% but the company is not cash flow positive. Trailing yield: 5.9%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.6%). Announcement • Aug 29
Kyowa Leather Cloth Co., Ltd. to Report Q2, 2026 Results on Oct 31, 2025 Kyowa Leather Cloth Co., Ltd. announced that they will report Q2, 2026 results on Oct 31, 2025 Reported Earnings • Jul 31
First quarter 2026 earnings released: EPS: JP¥1.39 (vs JP¥14.70 in 1Q 2025) First quarter 2026 results: EPS: JP¥1.39 (down from JP¥14.70 in 1Q 2025). Revenue: JP¥12.4b (flat on 1Q 2025). Net income: JP¥33.0m (down 91% from 1Q 2025). Profit margin: 0.3% (down from 2.9% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 13% per year. Reported Earnings • Jun 21
Full year 2025 earnings released: EPS: JP¥46.07 (vs JP¥81.25 in FY 2024) Full year 2025 results: EPS: JP¥46.07 (down from JP¥81.25 in FY 2024). Revenue: JP¥56.4b (up 8.4% from FY 2024). Net income: JP¥1.10b (down 44% from FY 2024). Profit margin: 2.0% (down from 3.8% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • May 24
Kyowa Leather Cloth Co., Ltd. to Report Q1, 2026 Results on Jul 30, 2025 Kyowa Leather Cloth Co., Ltd. announced that they will report Q1, 2026 results on Jul 30, 2025 New Risk • May 10
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.0% Last year net profit margin: 3.8% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (2.0% net profit margin). New Risk • Apr 07
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥14.0b (US$95.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (JP¥14.0b market cap, or US$95.7m). Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥588, the stock trades at a trailing P/E ratio of 9.7x. Average trailing P/E is 10x in the Chemicals industry in Japan. Negligible returns to shareholders over past three years. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥16.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 23 June 2025. Payout ratio is a comfortable 56% but the company is not cash flow positive. Trailing yield: 4.4%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.6%). Announcement • Feb 28
Kyowa Leather Cloth Co., Ltd. to Report Fiscal Year 2025 Results on May 09, 2025 Kyowa Leather Cloth Co., Ltd. announced that they will report fiscal year 2025 results on May 09, 2025 Reported Earnings • Feb 07
Third quarter 2025 earnings released: EPS: JP¥25.47 (vs JP¥41.58 in 3Q 2024) Third quarter 2025 results: EPS: JP¥25.47 (down from JP¥41.58 in 3Q 2024). Revenue: JP¥14.1b (down 5.3% from 3Q 2024). Net income: JP¥607.0m (down 39% from 3Q 2024). Profit margin: 4.3% (down from 6.8% in 3Q 2024). 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 only increased by 1% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Feb 05
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 12% to JP¥716. The fair value is estimated to be JP¥594, 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, while earnings per share has been flat. New Risk • Jan 12
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Buy Or Sell Opportunity • Jan 07
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 6.9% to JP¥711. The fair value is estimated to be JP¥590, 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, while earnings per share has been flat. Announcement • Dec 03
Kyowa Leather Cloth Co., Ltd. to Report Q3, 2025 Results on Feb 05, 2025 Kyowa Leather Cloth Co., Ltd. announced that they will report Q3, 2025 results on Feb 05, 2025 Reported Earnings • Nov 01
Second quarter 2025 earnings released: EPS: JP¥7.47 (vs JP¥17.84 in 2Q 2024) Second quarter 2025 results: EPS: JP¥7.47 (down from JP¥17.84 in 2Q 2024). Revenue: JP¥13.8b (up 9.7% from 2Q 2024). Net income: JP¥178.0m (down 59% from 2Q 2024). Profit margin: 1.3% (down from 3.4% in 2Q 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 whereas the company’s share price has fallen by 2% per year. New Risk • Oct 23
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥15.3b (US$99.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (JP¥15.3b market cap, or US$99.9m). Upcoming Dividend • Sep 20
Upcoming dividend of JP¥16.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 05 December 2024. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 4.9%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.4%). Announcement • Aug 28
Kyowa Leather Cloth Co., Ltd. to Report Q2, 2025 Results on Oct 30, 2024 Kyowa Leather Cloth Co., Ltd. announced that they will report Q2, 2025 results on Oct 30, 2024 Buy Or Sell Opportunity • Aug 20
Now 21% overvalued Over the last 90 days, the stock has fallen 3.2% to JP¥718. The fair value is estimated to be JP¥593, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.6% over the last 3 years. Earnings per share has declined by 9.1%. Reported Earnings • Aug 01
First quarter 2025 earnings released: EPS: JP¥14.70 (vs JP¥9.01 in 1Q 2024) First quarter 2025 results: EPS: JP¥14.70 (up from JP¥9.01 in 1Q 2024). Revenue: JP¥12.3b (up 7.3% from 1Q 2024). Net income: JP¥353.0m (up 63% from 1Q 2024). Profit margin: 2.9% (up from 1.9% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Announcement • Jun 28
Kyowa Leather Cloth Co., Ltd. to Report Q1, 2025 Results on Jul 30, 2024 Kyowa Leather Cloth Co., Ltd. announced that they will report Q1, 2025 results on Jul 30, 2024 Reported Earnings • Jun 26
Full year 2024 earnings released: EPS: JP¥81.25 (vs JP¥14.40 in FY 2023) Full year 2024 results: EPS: JP¥81.25 (up from JP¥14.40 in FY 2023). Revenue: JP¥52.0b (up 14% from FY 2023). Net income: JP¥1.96b (up 464% from FY 2023). Profit margin: 3.8% (up from 0.8% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Announcement • May 28
Kyowa Leather Cloth Co., Ltd. (TSE:3553) announces an Equity Buyback for 400,000 shares, representing 1.66% for ¥210 million. Kyowa Leather Cloth Co., Ltd. (TSE:3553) announces a share repurchase program. Under the program, the company will repurchase up to 400,000 shares, representing 1.66% of its issued share capital (excluding treasury stock), for ¥210 million. The purpose of the program is to improve shareholder returns, improve capital efficiency, and implement flexible capital policies in response to changes in the business environment. The program will run until July 31, 2024. As of March 31, 2024, the company had 24,098,242 shares in issue (excluding treasury stock) and 401,758 shares in treasury. Announcement • May 10
Kyowa Leather Cloth Co., Ltd., Annual General Meeting, Jun 20, 2024 Kyowa Leather Cloth Co., Ltd., Annual General Meeting, Jun 20, 2024. Reported Earnings • May 09
Full year 2024 earnings released: EPS: JP¥81.25 (vs JP¥14.40 in FY 2023) Full year 2024 results: EPS: JP¥81.25 (up from JP¥14.40 in FY 2023). Revenue: JP¥52.0b (up 14% from FY 2023). Net income: JP¥1.96b (up 464% from FY 2023). Profit margin: 3.8% (up from 0.8% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥14.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 24 June 2024. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (2.1%). Announcement • Mar 02
Kyowa Leather Cloth Co., Ltd. to Report Fiscal Year 2024 Results on May 08, 2024 Kyowa Leather Cloth Co., Ltd. announced that they will report fiscal year 2024 results on May 08, 2024 Reported Earnings • Feb 08
Third quarter 2024 earnings released: EPS: JP¥41.58 (vs JP¥0.91 in 3Q 2023) Third quarter 2024 results: EPS: JP¥41.58 (up from JP¥0.91 in 3Q 2023). Revenue: JP¥14.8b (up 21% from 3Q 2023). Net income: JP¥1.00b (up JP¥980.0m from 3Q 2023). Profit margin: 6.8% (up from 0.2% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Announcement • Nov 29
Kyowa Leather Cloth Co., Ltd. to Report Q3, 2024 Results on Feb 06, 2024 Kyowa Leather Cloth Co., Ltd. announced that they will report Q3, 2024 results on Feb 06, 2024 Reported Earnings • Nov 02
Second quarter 2024 earnings released: EPS: JP¥17.84 (vs JP¥5.81 loss in 2Q 2023) Second quarter 2024 results: EPS: JP¥17.84 (up from JP¥5.81 loss in 2Q 2023). Revenue: JP¥12.5b (up 16% from 2Q 2023). Net income: JP¥430.0m (up JP¥570.0m from 2Q 2023). Profit margin: 3.4% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. New Risk • Oct 19
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥15.0b (US$99.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 144% Paying a dividend despite having no free cash flows. Earnings have declined by 14% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (0.7% net profit margin). Market cap is less than US$100m (JP¥15.0b market cap, or US$99.9m). Upcoming Dividend • Sep 21
Upcoming dividend of JP¥10.00 per share at 2.9% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 05 December 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (2.5%). Announcement • Sep 07
Kyowa Leather Cloth Co., Ltd. to Report Q2, 2024 Results on Oct 31, 2023 Kyowa Leather Cloth Co., Ltd. announced that they will report Q2, 2024 results on Oct 31, 2023 Reported Earnings • Jul 29
First quarter 2024 earnings released: EPS: JP¥9.01 (vs JP¥9.50 in 1Q 2023) First quarter 2024 results: EPS: JP¥9.01 (down from JP¥9.50 in 1Q 2023). Revenue: JP¥11.5b (up 7.3% from 1Q 2023). Net income: JP¥217.0m (down 5.2% from 1Q 2023). Profit margin: 1.9% (down from 2.1% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Reported Earnings • Jun 28
Full year 2023 earnings released: EPS: JP¥14.40 (vs JP¥68.84 in FY 2022) Full year 2023 results: EPS: JP¥14.40 (down from JP¥68.84 in FY 2022). Revenue: JP¥45.8b (down 2.7% from FY 2022). Net income: JP¥347.0m (down 79% from FY 2022). Profit margin: 0.8% (down from 3.6% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 4% per year. Announcement • May 25
Kyowa Leather Cloth Co., Ltd. to Report Q1, 2024 Results on Jul 28, 2023 Kyowa Leather Cloth Co., Ltd. announced that they will report Q1, 2024 results on Jul 28, 2023 Announcement • May 11
Kyowa Leather Cloth Co., Ltd., Annual General Meeting, Jun 21, 2023 Kyowa Leather Cloth Co., Ltd., Annual General Meeting, Jun 21, 2023. Agenda: Annual General Meeting. Reported Earnings • May 10
Full year 2023 earnings released: EPS: JP¥14.40 (vs JP¥68.84 in FY 2022) Full year 2023 results: EPS: JP¥14.40 (down from JP¥68.84 in FY 2022). Revenue: JP¥45.8b (down 2.7% from FY 2022). Net income: JP¥347.0m (down 79% from FY 2022). Profit margin: 0.8% (down from 3.6% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 7% per year. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥10.00 per share at 3.8% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 22 June 2023. Payout ratio is a comfortable 72% but the company is not cash flow positive. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.8%). Reported Earnings • Feb 04
Third quarter 2023 earnings released: EPS: JP¥0.91 (vs JP¥28.49 in 3Q 2022) Third quarter 2023 results: EPS: JP¥0.91 (down from JP¥28.49 in 3Q 2022). Revenue: JP¥12.2b (up 3.5% from 3Q 2022). Net income: JP¥22.0m (down 97% from 3Q 2022). Profit margin: 0.2% (down from 5.9% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 8 non-independent directors. Independent Outside Director Tamio Arai was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Nov 10
Kyowa Leather Cloth Co., Ltd. to Report Q3, 2023 Results on Feb 06, 2023 Kyowa Leather Cloth Co., Ltd. announced that they will report Q3, 2023 results on Feb 06, 2023 Reported Earnings • Nov 02
Second quarter 2023 earnings released: JP¥5.81 loss per share (vs JP¥12.04 profit in 2Q 2022) Second quarter 2023 results: JP¥5.81 loss per share (down from JP¥12.04 profit in 2Q 2022). Revenue: JP¥10.9b (flat on 2Q 2022). Net loss: JP¥140.0m (down 148% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 05 December 2022. Payout ratio is a comfortable 43% but the company is paying out more than the cash it is generating. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.9%). Announcement • Aug 04
Kyowa Leather Cloth Co., Ltd. to Report Q2, 2023 Results on Oct 31, 2022 Kyowa Leather Cloth Co., Ltd. announced that they will report Q2, 2023 results on Oct 31, 2022 Reported Earnings • Jul 31
First quarter 2023 earnings released: EPS: JP¥9.50 (vs JP¥13.43 in 1Q 2022) First quarter 2023 results: EPS: JP¥9.50 (down from JP¥13.43 in 1Q 2022). Revenue: JP¥10.7b (down 11% from 1Q 2022). Net income: JP¥229.0m (down 30% from 1Q 2022). Profit margin: 2.1% (down from 2.7% in 1Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 26
Full year 2022 earnings released Full year 2022 results: Revenue: JP¥47.1b (up 14% from FY 2021). Net income: JP¥1.68b (up 17% from FY 2021). Profit margin: 3.6% (in line with FY 2021). Announcement • May 20
Kyowa Leather Cloth Co., Ltd. to Report Q1, 2023 Results on Jul 29, 2022 Kyowa Leather Cloth Co., Ltd. announced that they will report Q1, 2023 results on Jul 29, 2022 Announcement • May 12
Kyowa Leather Cloth Co., Ltd., Annual General Meeting, Jun 21, 2022 Kyowa Leather Cloth Co., Ltd., Annual General Meeting, Jun 21, 2022. Reported Earnings • May 11
Full year 2022 earnings released: EPS: JP¥68.83 (vs JP¥58.86 in FY 2021) Full year 2022 results: EPS: JP¥68.83 (up from JP¥58.86 in FY 2021). Revenue: JP¥47.1b (up 14% from FY 2021). Net income: JP¥1.68b (up 17% from FY 2021). Profit margin: 3.6% (in line with FY 2021). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Board Change • Apr 27
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 7 new directors. 4 experienced directors. 1 highly experienced director. 2 independent directors (6 non-independent directors). Senior MD, General Manager of Technology Division & Director Kazuyoshi Fujisaka is the most experienced director on the board, commencing their role in 2012. Independent Outside Director Tamio Arai was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Apr 08
Kyowa Leather Cloth Co., Ltd. to Report Fiscal Year 2022 Results on May 10, 2022 Kyowa Leather Cloth Co., Ltd. announced that they will report fiscal year 2022 results on May 10, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥14.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 21 June 2022. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 4.2%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (2.6%). Announcement • Mar 03
Kyowa Leather Cloth Co., Ltd. (TSE:3553) announces an Equity Buyback for 400,000 shares, representing 1.63% for ¥272.4 million. Kyowa Leather Cloth Co., Ltd. (TSE:3553) announces a share repurchase program. Under the program, the company will repurchase up to 400,000 shares, representing 1.63% of its issued share capital (excluding treasury stock), for ¥272.4 million. The shares will be repurchased at a price of ¥681 per share. The purpose of the program is improving capital efficiency and implementing agile capital policies in response to changes in the business environment. The program will run until March 1, 2022. As of December 31, 2021, the company had 24,498,243 shares in issue (excluding treasury stock) and 1,757 shares in treasury. Reported Earnings • Feb 08
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥28.49 (up from JP¥21.55 in 3Q 2021). Revenue: JP¥11.8b (down 4.0% from 3Q 2021). Net income: JP¥698.0m (up 32% from 3Q 2021). Profit margin: 5.9% (up from 4.3% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥14.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 03 December 2021. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (1.9%). Reported Earnings • Jul 30
First quarter 2022 earnings released: EPS JP¥13.43 (vs JP¥10.70 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¥12.0b (up 88% from 1Q 2021). Net income: JP¥329.0m (up JP¥591.0m from 1Q 2021). Profit margin: 2.7% (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 17% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Reported Earnings • Jun 24
Full year 2021 earnings released: EPS JP¥58.86 (vs JP¥52.13 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¥41.2b (down 4.1% from FY 2020). Net income: JP¥1.44b (up 13% from FY 2020). Profit margin: 3.5% (up from 3.0% 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 31% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Reported Earnings • May 14
Full year 2021 earnings released: EPS JP¥58.86 (vs JP¥52.13 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¥41.2b (down 4.1% from FY 2020). Net income: JP¥1.44b (up 13% from FY 2020). Profit margin: 3.5% (up from 3.0% 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 31% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥12.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 18 June 2021. Trailing yield: 3.0%. Within top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.8%). Is New 90 Day High Low • Mar 11
New 90-day high: JP¥700 The company is up 15% from its price of JP¥611 on 11 December 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 3.0% over the same period. Announcement • Mar 04
Kyowa Leather Cloth Co., Ltd. to Report Fiscal Year 2021 Results on May 11, 2021 Kyowa Leather Cloth Co., Ltd. announced that they will report fiscal year 2021 results on May 11, 2021 Reported Earnings • Feb 07
Third quarter 2021 earnings released: EPS JP¥21.55 (vs JP¥22.37 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¥12.3b (up 12% from 3Q 2020). Net income: JP¥528.0m (down 3.6% from 3Q 2020). Profit margin: 4.3% (down from 5.0% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 04
New 90-day high: JP¥695 The company is up 11% from its price of JP¥627 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 Chemicals industry, which is up 18% over the same period. Is New 90 Day High Low • Dec 16
New 90-day high: JP¥688 The company is up 9.0% from its price of JP¥629 on 16 September 2020. The Japanese market is also up 9.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Chemicals industry, which is up 13% over the same period. Announcement • Dec 05
Kyowa Leather Cloth Co., Ltd. to Report Q3, 2021 Results on Feb 05, 2021 Kyowa Leather Cloth Co., Ltd. announced that they will report Q3, 2021 results on Feb 05, 2021 Announcement • Sep 04
Kyowa Leather Cloth Co., Ltd. to Report Q2, 2021 Results on Oct 30, 2020 Kyowa Leather Cloth Co., Ltd. announced that they will report Q2, 2021 results on Oct 30, 2020 Announcement • Jun 17
Kyowa Leather Cloth Co., Ltd. to Report Q1, 2021 Results on Jul 30, 2020 Kyowa Leather Cloth Co., Ltd. announced that they will report Q1, 2021 results on Jul 30, 2020 
