Reported Earnings • May 20
Full year 2026 earnings released: EPS: JP¥92.40 (vs JP¥121 in FY 2025) Full year 2026 results: EPS: JP¥92.40 (down from JP¥121 in FY 2025). Revenue: JP¥23.5b (flat on FY 2025). Net income: JP¥724.0m (down 23% from FY 2025). Profit margin: 3.1% (down from 4.0% in FY 2025). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Announcement • May 18
Ohishi Sangyo Co., Ltd., Annual General Meeting, Jun 23, 2026 Ohishi Sangyo Co., Ltd., Annual General Meeting, Jun 23, 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: 03 June 2026. Payout ratio is on the higher end at 80%, and the cash payout ratio is above 100%. Trailing yield: 3.7%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (3.1%). Reported Earnings • Feb 08
Third quarter 2026 earnings released: EPS: JP¥24.22 (vs JP¥47.90 in 3Q 2025) Third quarter 2026 results: EPS: JP¥24.22 (down from JP¥47.90 in 3Q 2025). Revenue: JP¥6.11b (down 3.8% from 3Q 2025). Net income: JP¥190.0m (down 49% from 3Q 2025). Profit margin: 3.1% (down from 5.9% in 3Q 2025). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Announcement • Dec 27
Ohishi Sangyo Co., Ltd. to Report Q3, 2026 Results on Feb 06, 2026 Ohishi Sangyo Co., Ltd. announced that they will report Q3, 2026 results on Feb 06, 2026 Reported Earnings • Nov 09
Second quarter 2026 earnings released: EPS: JP¥11.49 (vs JP¥17.11 in 2Q 2025) Second quarter 2026 results: EPS: JP¥11.49 (down from JP¥17.11 in 2Q 2025). Revenue: JP¥5.59b (down 2.2% from 2Q 2025). Net income: JP¥90.0m (down 32% from 2Q 2025). Profit margin: 1.6% (down from 2.3% in 2Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. 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: 02 December 2025. Payout ratio is a comfortable 34% but the company is paying out more than the cash it is generating. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (3.0%). Announcement • Aug 11
Ohishi Sangyo Co., Ltd. to Report Q2, 2026 Results on Nov 07, 2025 Ohishi Sangyo Co., Ltd. announced that they will report Q2, 2026 results on Nov 07, 2025 Reported Earnings • Aug 10
First quarter 2026 earnings released: EPS: JP¥25.84 (vs JP¥40.16 in 1Q 2025) First quarter 2026 results: EPS: JP¥25.84 (down from JP¥40.16 in 1Q 2025). Revenue: JP¥5.95b (up 3.9% from 1Q 2025). Net income: JP¥202.0m (down 35% from 1Q 2025). Profit margin: 3.4% (down from 5.4% in 1Q 2025). The decrease in margin was driven by higher expenses. 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 12% per year, which means it is well ahead of earnings. Reported Earnings • Jun 25
Full year 2025 earnings released: EPS: JP¥121 (vs JP¥138 in FY 2024) Full year 2025 results: EPS: JP¥121 (down from JP¥138 in FY 2024). Revenue: JP¥23.5b (up 6.9% from FY 2024). Net income: JP¥944.0m (down 11% from FY 2024). Profit margin: 4.0% (down from 4.8% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Announcement • Jun 04
Ohishi Sangyo Co., Ltd. to Report Q1, 2026 Results on Aug 08, 2025 Ohishi Sangyo Co., Ltd. announced that they will report Q1, 2026 results on Aug 08, 2025 New Risk • May 26
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 103% Dividend yield: 4.3% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. 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: Minor Risks Dividend is not well covered by cash flows (103% cash payout ratio). Market cap is less than US$100m (JP¥9.53b market cap, or US$66.8m). Reported Earnings • May 11
Full year 2025 earnings released: EPS: JP¥121 (vs JP¥138 in FY 2024) Full year 2025 results: EPS: JP¥121 (down from JP¥138 in FY 2024). Revenue: JP¥23.5b (up 6.9% from FY 2024). Net income: JP¥944.0m (down 11% from FY 2024). Profit margin: 4.0% (down from 4.8% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Announcement • May 09
Ohishi Sangyo Co., Ltd., Annual General Meeting, Jun 24, 2025 Ohishi Sangyo Co., Ltd., Annual General Meeting, Jun 24, 2025. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥1,240, the stock trades at a trailing P/E ratio of 8.8x. Average trailing P/E is 10x in the Packaging industry in Japan. Total returns to shareholders of 58% over the past three years. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥31.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 04 June 2025. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (3.1%). New Risk • Mar 17
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 5.2% 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: Minor Risks Share price has been volatile over the past 3 months (5.2% average weekly change). Market cap is less than US$100m (JP¥11.7b market cap, or US$78.4m). Announcement • Mar 04
Ohishi Sangyo Co., Ltd. to Report Fiscal Year 2025 Results on May 09, 2025 Ohishi Sangyo Co., Ltd. announced that they will report fiscal year 2025 results on May 09, 2025 Reported Earnings • Feb 16
Third quarter 2025 earnings released: EPS: JP¥47.90 (vs JP¥23.24 in 3Q 2024) Third quarter 2025 results: EPS: JP¥47.90 (up from JP¥23.24 in 3Q 2024). Revenue: JP¥6.35b (up 10% from 3Q 2024). Net income: JP¥373.0m (up 107% from 3Q 2024). Profit margin: 5.9% (up from 3.1% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Announcement • Dec 03
Ohishi Sangyo Co., Ltd. to Report Q3, 2025 Results on Feb 14, 2025 Ohishi Sangyo Co., Ltd. announced that they will report Q3, 2025 results on Feb 14, 2025 Reported Earnings • Nov 20
Second quarter 2025 earnings released: EPS: JP¥10,021 (vs JP¥49.85 in 2Q 2024) Second quarter 2025 results: EPS: JP¥10,021. Revenue: JP¥5.71b (up 8.3% from 2Q 2024). Net income: JP¥133.0m (down 66% from 2Q 2024). Profit margin: 2.3% (down from 7.3% in 2Q 2024). The decrease in margin was driven by higher expenses. New Risk • Sep 26
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 101% Dividend yield: 6.1% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. 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: Minor Risks Dividend is not well covered by cash flows (101% cash payout ratio). Large one-off items impacting financial results. Market cap is less than US$100m (JP¥8.17b market cap, or US$56.6m). Upcoming Dividend • Sep 20
Upcoming dividend of JP¥32.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.8%). In line with average of industry peers (3.1%). Announcement • Aug 27
Ohishi Sangyo Co., Ltd. to Report Q2, 2025 Results on Nov 14, 2024 Ohishi Sangyo Co., Ltd. announced that they will report Q2, 2025 results on Nov 14, 2024 Reported Earnings • Aug 13
First quarter 2025 earnings released: EPS: JP¥80.31 (vs JP¥57.34 in 1Q 2024) First quarter 2025 results: EPS: JP¥80.31 (up from JP¥57.34 in 1Q 2024). Revenue: JP¥5.73b (up 3.5% from 1Q 2024). Net income: JP¥311.0m (up 40% from 1Q 2024). Profit margin: 5.4% (up from 4.0% in 1Q 2024). 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. Announcement • Jun 06
Ohishi Sangyo Co., Ltd. to Report Q1, 2025 Results on Aug 09, 2024 Ohishi Sangyo Co., Ltd. announced that they will report Q1, 2025 results on Aug 09, 2024 Reported Earnings • May 12
Full year 2024 earnings released: EPS: JP¥275 (vs JP¥233 in FY 2023) Full year 2024 results: EPS: JP¥275 (up from JP¥233 in FY 2023). Revenue: JP¥22.0b (flat on FY 2023). Net income: JP¥1.07b (up 18% from FY 2023). Profit margin: 4.8% (up from 4.1% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Announcement • May 12
Ohishi Sangyo Co., Ltd., Annual General Meeting, Jun 25, 2024 Ohishi Sangyo Co., Ltd., Annual General Meeting, Jun 25, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥32.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 06 June 2024. Payout ratio is a comfortable 45% but the company is paying out more than the cash it is generating. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.2%). In line with average of industry peers (2.7%). Announcement • Mar 13
Ohishi Sangyo Co., Ltd. to Report Fiscal Year 2024 Results on May 10, 2024 Ohishi Sangyo Co., Ltd. announced that they will report fiscal year 2024 results on May 10, 2024 Reported Earnings • Feb 04
Third quarter 2024 earnings released: EPS: JP¥46.47 (vs JP¥62.63 in 3Q 2023) Third quarter 2024 results: EPS: JP¥46.47 (down from JP¥62.63 in 3Q 2023). Revenue: JP¥5.76b (flat on 3Q 2023). Net income: JP¥180.0m (down 26% from 3Q 2023). Profit margin: 3.1% (down from 4.2% in 3Q 2023). 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 6% per year, which means it is well ahead of earnings. Announcement • Dec 13
Ohishi Sangyo Co., Ltd. to Report Q3, 2024 Results on Feb 02, 2024 Ohishi Sangyo Co., Ltd. announced that they will report Q3, 2024 results on Feb 02, 2024 Reported Earnings • Nov 04
Second quarter 2024 earnings released: EPS: JP¥99.67 (vs JP¥82.60 in 2Q 2023) Second quarter 2024 results: EPS: JP¥99.67 (up from JP¥82.60 in 2Q 2023). Revenue: JP¥5.28b (down 3.5% from 2Q 2023). Net income: JP¥386.0m (up 21% from 2Q 2023). Profit margin: 7.3% (up from 5.8% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥32.00 per share at 3.0% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 04 December 2023. Payout ratio is a comfortable 30% but the company is paying out more than the cash it is generating. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (2.7%). Announcement • Aug 27
Ohishi Sangyo Co., Ltd. to Report Q2, 2024 Results on Nov 02, 2023 Ohishi Sangyo Co., Ltd. announced that they will report Q2, 2024 results on Nov 02, 2023 Reported Earnings • Aug 03
First quarter 2024 earnings released: EPS: JP¥57.33 (vs JP¥80.57 in 1Q 2023) First quarter 2024 results: EPS: JP¥57.33 (down from JP¥80.57 in 1Q 2023). Revenue: JP¥5.53b (up 5.0% from 1Q 2023). Net income: JP¥222.0m (down 29% from 1Q 2023). Profit margin: 4.0% (down from 5.9% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 5% per year. Announcement • May 28
Ohishi Sangyo Co., Ltd. to Report Q1, 2024 Results on Aug 02, 2023 Ohishi Sangyo Co., Ltd. announced that they will report Q1, 2024 results on Aug 02, 2023 Reported Earnings • May 18
Full year 2023 earnings released: EPS: JP¥233 (vs JP¥274 in FY 2022) Full year 2023 results: EPS: JP¥233 (down from JP¥274 in FY 2022). Revenue: JP¥21.8b (up 10% from FY 2022). Net income: JP¥902.0m (down 15% from FY 2022). Profit margin: 4.1% (down from 5.3% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 3% per year. Announcement • May 14
Ohishi Sangyo Co., Ltd., Annual General Meeting, Jun 27, 2023 Ohishi Sangyo Co., Ltd., Annual General Meeting, Jun 27, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥32.00 per share at 3.5% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 08 June 2023. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (3.2%). Reported Earnings • Feb 03
Third quarter 2023 earnings released: EPS: JP¥62.62 (vs JP¥82.90 in 3Q 2022) Third quarter 2023 results: EPS: JP¥62.62 (down from JP¥82.90 in 3Q 2022). Revenue: JP¥5.75b (up 11% from 3Q 2022). Net income: JP¥242.0m (down 24% from 3Q 2022). Profit margin: 4.2% (down from 6.2% 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 12% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Board Change • Nov 16
No independent directors There are 5 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: No independent directors. 10 non-independent directors. Director Masayoshi Fukuchi was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Reported Earnings • Nov 04
Second quarter 2023 earnings released: EPS: JP¥82.58 (vs JP¥53.37 in 2Q 2022) Second quarter 2023 results: EPS: JP¥82.58 (up from JP¥53.37 in 2Q 2022). Revenue: JP¥5.47b (up 12% from 2Q 2022). Net income: JP¥319.0m (up 55% from 2Q 2022). Profit margin: 5.8% (up from 4.2% in 2Q 2022). The increase in margin was driven by higher revenue. 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 2% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 01 December 2022. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (3.1%). Reported Earnings • Aug 03
First quarter 2023 earnings released: EPS: JP¥80.57 (vs JP¥80.05 in 1Q 2022) First quarter 2023 results: EPS: JP¥80.57 (up from JP¥80.05 in 1Q 2022). Revenue: JP¥5.27b (up 15% from 1Q 2022). Net income: JP¥311.0m (flat on 1Q 2022). Profit margin: 5.9% (down from 6.8% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 18
Full year 2022 earnings released: EPS: JP¥274 (vs JP¥245 in FY 2021) Full year 2022 results: EPS: JP¥274 (up from JP¥245 in FY 2021). Revenue: JP¥19.8b (up 6.2% from FY 2021). Net income: JP¥1.06b (up 12% from FY 2021). Profit margin: 5.3% (up from 5.1% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
No independent directors 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. 2 highly experienced directors. No independent directors (7 non-independent directors). Director Yoshitaka Fujimura was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Announcement • Apr 07
Ohishi Sangyo Co., Ltd. to Report Fiscal Year 2022 Results on May 13, 2022 Ohishi Sangyo Co., Ltd. announced that they will report fiscal year 2022 results on May 13, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥33.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 10 June 2022. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.4%). In line with average of industry peers (3.2%). Board Change • Mar 07
No independent directors 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. 2 highly experienced directors. No independent directors (7 non-independent directors). Director Yoshitaka Fujimura was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.