Announcement • Jun 03
Tayca Corporation to Report Q1, 2027 Results on Aug 07, 2026 Tayca Corporation announced that they will report Q1, 2027 results on Aug 07, 2026 New Risk • May 31
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. The company is paying a dividend despite having no free cash flows. Dividend yield: 3.3% 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. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 12% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (7.7% average weekly change). Buy Or Sell Opportunity • May 27
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 25% to JP¥2,211. The fair value is estimated to be JP¥1,788, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • May 15
Full year 2026 earnings released: JP¥38.46 loss per share (vs JP¥105 profit in FY 2025) Full year 2026 results: JP¥38.46 loss per share (down from JP¥105 profit in FY 2025). Revenue: JP¥57.4b (up 2.9% from FY 2025). Net loss: JP¥878.0m (down 136% from profit in FY 2025). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Announcement • May 14
Tayca Corporation (TSE:4027) announces an Equity Buyback for 1,500,000 shares, representing 6.57% for ¥2,500 million. Tayca Corporation (TSE:4027) announces a share repurchase program. Under the program, the company will repurchase up to 1,500,000 shares, representing 6.57% of its total shares outstanding excluding treasury shares, for a total of ¥2,500 million. The purpose of repurchase program is to improve capital efficiency and enhance shareholder returns. The repurchase program is valid till March 19, 2027. As of March 31, 2026, the company had 22,830,807 shares outstanding excluding treasury shares and had 1,083,607 shares in treasury. Announcement • May 13
Tayca Corporation, Annual General Meeting, Jun 24, 2026 Tayca Corporation, Annual General Meeting, Jun 24, 2026. Announcement • May 09
Tayca Corporation to Report Fiscal Year 2026 Results on May 13, 2026 Tayca Corporation announced that they will report fiscal year 2026 results on May 13, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 09 June 2026. Payout ratio is a comfortable 59% but the company is not cash flow positive. Trailing yield: 5.3%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.3%). New Risk • Mar 04
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 5.8% 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. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 4.6% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.8% average weekly change). Profit margins are more than 30% lower than last year (2.8% net profit margin). Reported Earnings • Feb 07
Third quarter 2026 earnings released: EPS: JP¥8.63 (vs JP¥28.08 in 3Q 2025) Third quarter 2026 results: EPS: JP¥8.63 (down from JP¥28.08 in 3Q 2025). Revenue: JP¥14.8b (up 12% from 3Q 2025). Net income: JP¥197.0m (down 70% from 3Q 2025). Profit margin: 1.3% (down from 4.9% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. New Risk • Feb 07
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: 2.8% Last year net profit margin: 5.3% 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: Major Risk Earnings have declined by 4.6% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (2.8% net profit margin). Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥1,469, the stock trades at a trailing P/E ratio of 16.8x. Average trailing P/E is 13x in the Chemicals industry in Japan. Total returns to shareholders of 31% over the past three years. Declared Dividend • Dec 03
First half dividend of JP¥20.00 announced Shareholders will receive a dividend of JP¥20.00. Ex-date: 30th March 2026 Payment date: 9th June 2026 Dividend yield will be 3.2%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by earnings (23% 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 increased by an average of 9.6% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 75% to shift the payout ratio to a potentially unsustainable range, which is more than the 6.1% EPS decline seen over the last 5 years. Announcement • Nov 29
Tayca Corporation to Report Q3, 2026 Results on Feb 06, 2026 Tayca Corporation announced that they will report Q3, 2026 results on Feb 06, 2026 Reported Earnings • Nov 15
Second quarter 2026 earnings released: EPS: JP¥13.10 (vs JP¥21.72 in 2Q 2025) Second quarter 2026 results: EPS: JP¥13.10 (down from JP¥21.72 in 2Q 2025). Revenue: JP¥13.4b (down 6.8% from 2Q 2025). Net income: JP¥299.0m (down 40% from 2Q 2025). Profit margin: 2.2% (down from 3.5% 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 11% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Announcement • Nov 12
Tayca Corporation Announces Second Quarter-End Dividend for the Fiscal Year Ending March 31, 2026, Payable on December 2, 2025 Tayca Corporation announced second quarter-end dividend of JPY 20.00 per share for the fiscal year ending March 31, 2026 compared to JPY 18.00 per share a year ago. Scheduled date to commence dividend payments: December 2, 2025. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 03 December 2025. Payout ratio is a comfortable 40% but the company is not cash flow positive. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.6%). Announcement • Sep 02
Tayca Corporation to Report Q2, 2026 Results on Nov 12, 2025 Tayca Corporation announced that they will report Q2, 2026 results on Nov 12, 2025 Reported Earnings • Aug 10
First quarter 2026 earnings released: EPS: JP¥32.78 (vs JP¥42.06 in 1Q 2025) First quarter 2026 results: EPS: JP¥32.78 (down from JP¥42.06 in 1Q 2025). Revenue: JP¥13.7b (flat on 1Q 2025). Net income: JP¥748.0m (down 23% from 1Q 2025). Profit margin: 5.5% (down from 7.1% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Declared Dividend • Jul 09
Final dividend of JP¥20.00 announced Shareholders will receive a dividend of JP¥20.00. Ex-date: 29th September 2025 Payment date: 3rd December 2025 Dividend yield will be 3.1%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by earnings (31% 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 increased by an average of 9.0% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 66% to shift the payout ratio to a potentially unsustainable range, which is more than the 8.3% EPS decline seen over the last 5 years. Announcement • May 31
Tayca Corporation to Report Q1, 2026 Results on Aug 08, 2025 Tayca Corporation announced that they will report Q1, 2026 results on Aug 08, 2025 Reported Earnings • May 19
Full year 2025 earnings released: EPS: JP¥105 (vs JP¥80.57 in FY 2024) Full year 2025 results: EPS: JP¥105 (up from JP¥80.57 in FY 2024). Revenue: JP¥55.7b (up 5.2% from FY 2024). Net income: JP¥2.42b (up 30% from FY 2024). Profit margin: 4.3% (up from 3.5% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Announcement • May 14
Tayca Corporation, Annual General Meeting, Jun 25, 2025 Tayca Corporation, Annual General Meeting, Jun 25, 2025. New Risk • Apr 07
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 5.7% 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 8.4% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.7% average weekly change). 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¥1,161, the stock trades at a trailing P/E ratio of 9.4x. Average trailing P/E is 11x in the Chemicals industry in Japan. Negligible returns to shareholders over past three years. Announcement • Mar 29
Tayca Corporation to Report Fiscal Year 2025 Results on May 14, 2025 Tayca Corporation announced that they will report fiscal year 2025 results on May 14, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 10 June 2025. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (2.6%). Reported Earnings • Feb 08
Third quarter 2025 earnings released: EPS: JP¥28.08 (vs JP¥1.17 in 3Q 2024) Third quarter 2025 results: EPS: JP¥28.08 (up from JP¥1.17 in 3Q 2024). Revenue: JP¥13.3b (flat on 3Q 2024). Net income: JP¥645.0m (up JP¥618.0m from 3Q 2024). Profit margin: 4.9% (up from 0.2% in 3Q 2024). 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 3% per year, which means it is well ahead of earnings. Announcement • Dec 10
Tayca Corporation to Report Q3, 2025 Results on Feb 07, 2025 Tayca Corporation announced that they will report Q3, 2025 results on Feb 07, 2025 Declared Dividend • Dec 04
First half dividend of JP¥20.00 announced Dividend of JP¥20.00 is the same as last year. Ex-date: 28th March 2025 Payment date: 10th June 2025 Dividend yield will be 2.4%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is well covered by both earnings (21% earnings payout ratio) and cash flows (19% cash payout ratio). The dividend has increased by an average of 9.0% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 77% to shift the payout ratio to a potentially unsustainable range, which is more than the 9.8% EPS decline seen over the last 5 years. Reported Earnings • Nov 10
Second quarter 2025 earnings released: EPS: JP¥21.72 (vs JP¥20.75 in 2Q 2024) Second quarter 2025 results: EPS: JP¥21.72 (up from JP¥20.75 in 2Q 2024). Revenue: JP¥14.3b (up 6.3% from 2Q 2024). Net income: JP¥500.0m (up 4.0% from 2Q 2024). Profit margin: 3.5% (in line with 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Announcement • Nov 08
Tayca Corporation Announces Dividend for the Second Quarter of Year Ending March 31, 2025, Payable on December 3, 2024 and Provides Dividend Guidance for the Fiscal Year Ending March 31, 2025 Tayca Corporation announced the dividend of JPY 18.00 per share for the second quarter of Year ending March 31, 2025, payable on December 3, 2024 against JPY 18.00 per share a year ago.
Provides dividend guidance for the fiscal Year ending March 31, 2025. For the year, the company expects dividend of JPY 20.00 per share against JPY 20.00 per share a year ago. Announcement • Nov 07
Tayca Corporation (TSE:4027) announces an Equity Buyback for 200,000 shares, representing 0.87% for ¥400 million. Tayca Corporation (TSE:4027) announces a share repurchase program. Under the program, the company will repurchase up to 200,000 shares, representing 0.87% of its total shares outstanding excluding treasury shares, for a total of ¥400 million. The purpose of repurchase program is to improve capital efficiency and enhance shareholder returns. The repurchase program is valid till March 21, 2025. As of September 30, 2024, the company had 23,018,922 shares outstanding excluding treasury shares and had 1,395,492 shares in treasury. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥18.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 04 December 2024. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.8%). In line with average of industry peers (2.4%). Announcement • Aug 27
Tayca Corporation to Report Q2, 2025 Results on Nov 07, 2024 Tayca Corporation announced that they will report Q2, 2025 results on Nov 07, 2024 Reported Earnings • Aug 14
First quarter 2025 earnings released: EPS: JP¥42.06 (vs JP¥27.88 in 1Q 2024) First quarter 2025 results: EPS: JP¥42.06 (up from JP¥27.88 in 1Q 2024). Revenue: JP¥13.6b (flat on 1Q 2024). Net income: JP¥968.0m (up 50% from 1Q 2024). Profit margin: 7.1% (up from 4.8% in 1Q 2024). 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 9% per year, which means it is well ahead of earnings. New Risk • Aug 05
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 6.1% 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 12% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.1% average weekly change). Profit margins are more than 30% lower than last year (3.5% net profit margin). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to JP¥1,301, the stock trades at a trailing P/E ratio of 16x. Average trailing P/E is 12x in the Chemicals industry in Japan. Total returns to shareholders of 15% over the past three years. Declared Dividend • Jul 11
Final dividend of JP¥18.00 announced Dividend of JP¥18.00 is the same as last year. Ex-date: 27th September 2024 Payment date: 4th December 2024 Dividend yield will be 2.3%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (81% earnings payout ratio) and cash flows (64% cash payout ratio). The dividend has increased by an average of 9.0% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 10% to shift the payout ratio to a potentially unsustainable range, which is less than the 14% EPS decline seen over the last 5 years. Announcement • Jun 10
Tayca Corporation to Report Q1, 2025 Results on Aug 09, 2024 Tayca Corporation announced that they will report Q1, 2025 results on Aug 09, 2024 Reported Earnings • May 13
Full year 2024 earnings released: EPS: JP¥80.57 (vs JP¥129 in FY 2023) Full year 2024 results: EPS: JP¥80.57 (down from JP¥129 in FY 2023). Revenue: JP¥53.0b (down 3.2% from FY 2023). Net income: JP¥1.87b (down 38% from FY 2023). Profit margin: 3.5% (down from 5.5% in FY 2023). 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 8% per year, which means it is well ahead of earnings. Announcement • May 12
Tayca Corporation, Annual General Meeting, Jun 26, 2024 Tayca Corporation, Annual General Meeting, Jun 26, 2024. 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: 10 June 2024. Payout ratio is on the higher end at 81% but the company is not cash flow positive. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (2.1%). Announcement • Mar 02
Tayca Corporation to Report Fiscal Year 2024 Results on May 10, 2024 Tayca Corporation announced that they will report fiscal year 2024 results on May 10, 2024 Reported Earnings • Feb 09
Third quarter 2024 earnings released: EPS: JP¥1.17 (vs JP¥18.38 in 3Q 2023) Third quarter 2024 results: EPS: JP¥1.17 (down from JP¥18.38 in 3Q 2023). Revenue: JP¥13.4b (down 7.9% from 3Q 2023). Net income: JP¥27.0m (down 94% from 3Q 2023). Profit margin: 0.2% (down from 2.9% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 2% per year. Announcement • Dec 28
Tayca Corporation to Report Q3, 2024 Results on Feb 07, 2024 Tayca Corporation announced that they will report Q3, 2024 results on Feb 07, 2024 Reported Earnings • Nov 09
Second quarter 2024 earnings released: EPS: JP¥20.75 (vs JP¥39.35 in 2Q 2023) Second quarter 2024 results: EPS: JP¥20.75 (down from JP¥39.35 in 2Q 2023). Revenue: JP¥13.5b (down 7.0% from 2Q 2023). Net income: JP¥481.0m (down 47% from 2Q 2023). Profit margin: 3.6% (down from 6.3% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Nov 09
Tayca Corporation Provides Consolidated Earnings Guidance for the Full Year Ending March 31, 2024 Tayca Corporation provided consolidated earnings guidance for the full year ending March 31, 2024. The company expects net sales of JPY 56,000 million for the full year. Operating profit of JPY 2,400 million. profit attributable to owners of parents of JPY 1,700 million. earnings per share of JPY 73.35. New Risk • Nov 02
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 6.7% 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 7.5% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.7% average weekly change). Profit margins are more than 30% lower than last year (4.3% net profit margin). Valuation Update With 7 Day Price Move • Nov 02
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥1,407, the stock trades at a trailing P/E ratio of 13.7x. Average trailing P/E is 14x in the Chemicals industry in Japan. Total returns to shareholders of 4.1% over the past three years. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥18.00 per share at 2.9% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 04 December 2023. Payout ratio is a comfortable 35% but the company is not cash flow positive. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (2.5%). Announcement • Aug 30
Tayca Corporation to Report Q2, 2024 Results on Nov 08, 2023 Tayca Corporation announced that they will report Q2, 2024 results on Nov 08, 2023 New Risk • Aug 11
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: 4.3% Last year net profit margin: 6.5% 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: Major Risk Earnings have declined by 7.5% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (4.3% net profit margin). Reported Earnings • Aug 10
First quarter 2024 earnings released: EPS: JP¥27.88 (vs JP¥54.07 in 1Q 2023) First quarter 2024 results: EPS: JP¥27.88 (down from JP¥54.07 in 1Q 2023). Revenue: JP¥13.6b (up 2.6% from 1Q 2023). Net income: JP¥646.0m (down 48% from 1Q 2023). Profit margin: 4.8% (down from 9.5% 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 4% per year whereas the company’s share price has remained flat. Announcement • May 28
Tayca Corporation to Report Q1, 2024 Results on Aug 09, 2023 Tayca Corporation announced that they will report Q1, 2024 results on Aug 09, 2023 Announcement • May 12
Tayca Corporation, Annual General Meeting, Jun 27, 2023 Tayca Corporation, Annual General Meeting, Jun 27, 2023. Reported Earnings • May 12
Full year 2023 earnings released: EPS: JP¥129 (vs JP¥123 in FY 2022) Full year 2023 results: EPS: JP¥129 (up from JP¥123 in FY 2022). Revenue: JP¥54.8b (up 18% from FY 2022). Net income: JP¥2.99b (up 5.0% from FY 2022). Profit margin: 5.5% (down from 6.1% 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 1% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥18.00 per share at 3.1% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 13 June 2023. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.8%). Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: JP¥18.38 (vs JP¥30.16 in 3Q 2022) Third quarter 2023 results: EPS: JP¥18.38 (down from JP¥30.16 in 3Q 2022). Revenue: JP¥14.5b (up 25% from 3Q 2022). Net income: JP¥426.0m (down 39% from 3Q 2022). Profit margin: 2.9% (down from 6.0% in 3Q 2022). 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 fallen by 13% per year, which means it is performing significantly worse than earnings. Announcement • Dec 28
Tayca Corporation to Report Q3, 2023 Results on Feb 08, 2023 Tayca Corporation announced that they will report Q3, 2023 results on Feb 08, 2023 Reported Earnings • Nov 19
Second quarter 2023 earnings released: EPS: JP¥39.35 (vs JP¥30.64 in 2Q 2022) Second quarter 2023 results: EPS: JP¥39.35 (up from JP¥30.64 in 2Q 2022). Revenue: JP¥14.5b (up 29% from 2Q 2022). Net income: JP¥912.0m (up 28% from 2Q 2022). Profit margin: 6.3% (in line with 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 13% per year. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 4 highly experienced directors. 4 independent directors (8 non-independent directors). Independent External Director Hitoshi Tanaka was the last independent director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 11
Second quarter 2023 earnings released: EPS: JP¥39.35 (vs JP¥30.64 in 2Q 2022) Second quarter 2023 results: EPS: JP¥39.35 (up from JP¥30.64 in 2Q 2022). Revenue: JP¥14.5b (up 29% from 2Q 2022). Net income: JP¥912.0m (up 28% from 2Q 2022). Profit margin: 6.3% (in line with 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 13% per year. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥18.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 02 December 2022. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (2.9%). Announcement • Aug 28
Tayca Corporation to Report Q2, 2023 Results on Nov 09, 2022 Tayca Corporation announced that they will report Q2, 2023 results on Nov 09, 2022 Reported Earnings • Aug 12
First quarter 2023 earnings released: EPS: JP¥54.07 (vs JP¥39.01 in 1Q 2022) First quarter 2023 results: EPS: JP¥54.07 (up from JP¥39.01 in 1Q 2022). Revenue: JP¥13.3b (up 23% from 1Q 2022). Net income: JP¥1.25b (up 39% from 1Q 2022). Profit margin: 9.5% (up from 8.4% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year whereas the company’s share price has fallen by 13% per year. Announcement • Jul 01
Tayca Corporation to Report Q1, 2023 Results on Aug 10, 2022 Tayca Corporation announced that they will report Q1, 2023 results on Aug 10, 2022 Reported Earnings • May 13
Full year 2022 earnings released: EPS: JP¥123 (vs JP¥83.15 in FY 2021) Full year 2022 results: EPS: JP¥123 (up from JP¥83.15 in FY 2021). Revenue: JP¥46.4b (up 21% from FY 2021). Net income: JP¥2.85b (up 48% from FY 2021). Profit margin: 6.1% (up from 5.0% in FY 2021). 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 and the company’s share price has also fallen by 19% per year. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 2 highly experienced directors. 4 independent directors (6 non-independent directors). Independent External Director Hitoshi Tanaka was the last independent director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Apr 08
Tayca Corporation to Report Fiscal Year 2022 Results on May 11, 2022 Tayca Corporation announced that they will report fiscal year 2022 results on May 11, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥18.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 08 June 2022. Payout ratio is a comfortable 29% but the company is paying out more than the cash it is generating. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.4%). In line with average of industry peers (2.6%). Announcement • Feb 10
Tayca Corporation Provides Consolidated Earnings Guidance for the Full Year Ending March 31, 2022 Tayca Corporation provided consolidated earnings guidance for the full year ending March 31, 2022. For the full year, the company expects net sales of JPY 46,700 million, operating profit of JPY 3,400 million, profit attributable to owners of parent of JPY 2,800 million and earnings per share of JPY 120.82. Reported Earnings • Feb 10
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥30.16 (up from JP¥15.10 in 3Q 2021). Revenue: JP¥11.7b (up 28% from 3Q 2021). Net income: JP¥699.0m (up 100% from 3Q 2021). Profit margin: 6.0% (up from 3.8% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 18% 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.