Live News • May 23
Osaka Soda Delivers Record Profits With Expanded Shareholder Returns and Strong Market Demand Osaka Soda reported record profits and sales, with basic chemicals and healthcare segments highlighted as key contributors.
The company described cash flow as robust and outlined plans aimed at supporting new growth areas.
Management issued upward guidance and announced expanded shareholder returns alongside a recovery in production and firm demand in healthcare and chemicals markets.
Record profits combined with stronger guidance and higher shareholder returns point to a company that is currently benefiting from demand in both its core chemicals and healthcare businesses.
Investors may want to watch how Osaka Soda allocates cash between growth projects and shareholder returns, and how dependent current profitability is on conditions in healthcare and chemicals demand staying supportive. Announcement • May 13
Osaka Soda Co., Ltd. (TSE:4046) announces an Equity Buyback for 5,000,000 shares, representing 4.07% for ¥5,000 million. Osaka Soda Co., Ltd. (TSE:4046) announces a share repurchase program. Under the program, the company will repurchase 5,000,000 shares, representing 4.07% of the outstanding shares for ¥5,000 million. The purpose of program is to improve shareholders returns and capital efficiency. The program will run until September 30, 2026. As of March 31, 2026, the company had 122,852,020 shares outstanding (excluding treasury stock) and 10,808,065 shares in treasury. Reported Earnings • May 13
Full year 2026 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2026 results: EPS: JP¥124 (up from JP¥81.54 in FY 2025). Revenue: JP¥100.0b (up 3.7% from FY 2025). Net income: JP¥15.5b (up 50% from FY 2025). Profit margin: 16% (up from 11% in FY 2025). The increase in margin was primarily driven by higher revenue. Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) exceeded analyst estimates by 15%. Revenue is forecast to grow 7.9% p.a. on average during the next 2 years, compared to a 4.7% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 12
Osaka Soda Co., Ltd., Annual General Meeting, Jun 26, 2026 Osaka Soda Co., Ltd., Annual General Meeting, Jun 26, 2026. Announcement • Apr 22
Osaka Soda Co., Ltd. to Report Fiscal Year 2026 Results on May 12, 2026 Osaka Soda Co., Ltd. announced that they will report fiscal year 2026 results on May 12, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥13.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 09 June 2026. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (2.3%). Reported Earnings • Feb 10
Third quarter 2026 earnings released: EPS: JP¥31.22 (vs JP¥24.23 in 3Q 2025) Third quarter 2026 results: EPS: JP¥31.22 (up from JP¥24.23 in 3Q 2025). Revenue: JP¥24.9b (up 1.5% from 3Q 2025). Net income: JP¥3.89b (up 26% from 3Q 2025). Profit margin: 16% (up from 13% in 3Q 2025). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Chemicals industry in Japan. 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 41% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Feb 07
Price target increased by 7.8% to JP¥2,383 Up from JP¥2,210, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of JP¥2,443. Stock is up 44% over the past year. The company is forecast to post earnings per share of JP¥107 for next year compared to JP¥81.54 last year. Buy Or Sell Opportunity • Jan 21
Now 20% undervalued Over the last 90 days, the stock has risen 35% to JP¥2,185. The fair value is estimated to be JP¥2,735, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 20% in 2 years. Earnings are forecast to grow by 40% in the next 2 years. Announcement • Jan 20
Osaka Soda Co., Ltd. to Report Nine Months, 2026 Results on Feb 09, 2026 Osaka Soda Co., Ltd. announced that they will report nine months, 2026 results on Feb 09, 2026 Buy Or Sell Opportunity • Dec 16
Now 21% undervalued Over the last 90 days, the stock has risen 25% to JP¥2,148. The fair value is estimated to be JP¥2,736, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 20% in 2 years. Earnings are forecast to grow by 38% in the next 2 years. Declared Dividend • Dec 05
First half dividend of JP¥13.00 announced Shareholders will receive a dividend of JP¥13.00. Ex-date: 30th March 2026 Payment date: 9th June 2026 Dividend yield will be 1.1%, which is lower than the industry average of 2.2%. Sustainability & Growth Dividend is well covered by both earnings (23% earnings payout ratio) and cash flows (41% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 55% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • Nov 10
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 6.0% 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. Announcement • Nov 10
Osaka Soda Co., Ltd. (TSE:4046) announces an Equity Buyback for 5,000,000 shares, representing 3.99% for ¥5,000 million. Osaka Soda Co., Ltd. (TSE:4046) announces a share repurchase program. Under the program, the company will repurchase 5,000,000 shares, representing 3.99% of the outstanding shares for ¥5,000 million. The purpose of program is to improve shareholders returns and capital efficiency. The program will run until January 30, 2026. As of September 30, 2025, the company had 125,336,750 shares outstanding (excluding treasury stock) and 8,323,335 shares in treasury. Reported Earnings • Nov 08
Second quarter 2026 earnings released: EPS: JP¥29.53 (vs JP¥16.40 in 2Q 2025) Second quarter 2026 results: EPS: JP¥29.53 (up from JP¥16.40 in 2Q 2025). Revenue: JP¥24.5b (down 5.8% from 2Q 2025). Net income: JP¥3.71b (up 78% from 2Q 2025). Profit margin: 15% (up from 8.0% in 2Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 05 December 2025. Payout ratio is a comfortable 23% 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 (2.6%). Announcement • Sep 02
Osaka Soda Co., Ltd. to Report Q2, 2026 Results on Nov 07, 2025 Osaka Soda Co., Ltd. announced that they will report Q2, 2026 results on Nov 07, 2025 Reported Earnings • Aug 09
First quarter 2026 earnings released: EPS: JP¥24.21 (vs JP¥21.95 in 1Q 2025) First quarter 2026 results: EPS: JP¥24.21 (up from JP¥21.95 in 1Q 2025). Revenue: JP¥24.3b (flat on 1Q 2025). Net income: JP¥3.05b (up 9.4% from 1Q 2025). Profit margin: 13% (up from 12% in 1Q 2025). Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Chemicals industry in Japan. 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 33% per year, which means it is well ahead of earnings. Announcement • Jul 29
Osaka Soda Co., Ltd. to Report Q1, 2026 Results on Aug 08, 2025 Osaka Soda Co., Ltd. announced that they will report Q1, 2026 results on Aug 08, 2025 Declared Dividend • Jul 09
Final dividend of JP¥10.00 announced Shareholders will receive a dividend of JP¥10.00. Ex-date: 29th September 2025 Payment date: 5th December 2025 Dividend yield will be 1.1%, which is lower than the industry average of 2.2%. Sustainability & Growth Dividend is well covered by both earnings (22% earnings payout ratio) and cash flows (27% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 68% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 10
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: JP¥81.54 (up from JP¥60.17 in FY 2024). Revenue: JP¥99.1b (up 4.9% from FY 2024). Net income: JP¥10.3b (up 35% from FY 2024). Profit margin: 10% (up from 8.1% in FY 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) also missed analyst estimates by 6.7%. Revenue is forecast to grow 8.4% p.a. on average during the next 2 years, compared to a 4.6% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 35% per year, which means it is well ahead of earnings. Announcement • May 09
Osaka Soda Co., Ltd., Annual General Meeting, Jun 27, 2025 Osaka Soda Co., Ltd., Annual General Meeting, Jun 27, 2025. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥1,368, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 10x in the Chemicals industry in Japan. Total returns to shareholders of 130% over the past three years. Announcement • Mar 27
Osaka Soda Co., Ltd. to Report Fiscal Year 2025 Results on May 09, 2025 Osaka Soda Co., Ltd. announced that they will report fiscal year 2025 results on May 09, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 10 June 2025. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (2.6%). Valuation Update With 7 Day Price Move • Feb 17
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to JP¥1,429, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 11x in the Chemicals industry in Japan. Total returns to shareholders of 142% over the past three years. Price Target Changed • Feb 14
Price target decreased by 7.6% to JP¥2,318 Down from JP¥2,509, the current price target is an average from 4 analysts. New target price is 60% above last closing price of JP¥1,450. Stock is down 39% over the past year. The company is forecast to post earnings per share of JP¥90.00 for next year compared to JP¥60.17 last year. Reported Earnings • Feb 11
Third quarter 2025 earnings released: EPS: JP¥24.23 (vs JP¥9.85 in 3Q 2024) Third quarter 2025 results: EPS: JP¥24.23 (up from JP¥9.85 in 3Q 2024). Revenue: JP¥24.5b (up 3.8% from 3Q 2024). Net income: JP¥3.07b (up 145% from 3Q 2024). Profit margin: 13% (up from 5.3% in 3Q 2024). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Chemicals industry in Japan. 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 41% per year, which means it is well ahead of earnings. Announcement • Feb 10
Osaka Soda Co., Ltd. (TSE:4046) announces an Equity Buyback for 1,012,900 shares, representing 0.8% for ¥1,799.92 million. Osaka Soda Co., Ltd. (TSE:4046) announces a share repurchase program. Under the program, the company will repurchase up to 1,012,900 shares, representing 0.80% of its issued share capital (excluding treasury stock), for ¥1,799.92 million. The shares will be repurchased at a price of ¥1,777 per share. The purpose of the program is to carry out agile capital policies that respond to changes in the business environment. As of December 31, 2024, the company had 126,868,545 shares in issue (excluding treasury stock) and 6,791,540 shares in treasury. Declared Dividend • Dec 06
First half dividend of JP¥10.00 announced Shareholders will receive a dividend of JP¥10.00. Ex-date: 28th March 2025 Payment date: 10th June 2025 Dividend yield will be 3.2%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is well covered by both earnings (27% earnings payout ratio) and cash flows (47% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 81% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Nov 30
Osaka Soda Co., Ltd. to Report Q3, 2025 Results on Feb 10, 2025 Osaka Soda Co., Ltd. announced that they will report Q3, 2025 results on Feb 10, 2025 Reported Earnings • Nov 09
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: JP¥26.1b (up 11% from 2Q 2024). Net income: JP¥2.08b (up 27% from 2Q 2024). Profit margin: 8.0% (up from 7.0% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Chemicals industry in Japan. New Risk • Nov 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 6.7% 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. This is currently the only risk that has been identified for the company. New Risk • Sep 26
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 373% Dividend yield: 4.7% 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. This is currently the only risk that has been identified for the company. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥45.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 09 December 2024. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (2.4%). Announcement • Aug 27
Osaka Soda Co., Ltd. to Report Q2, 2025 Results on Nov 08, 2024 Osaka Soda Co., Ltd. announced that they will report Q2, 2025 results on Nov 08, 2024 Reported Earnings • Aug 13
First quarter 2025 earnings released: EPS: JP¥110 (vs JP¥94.50 in 1Q 2024) First quarter 2025 results: EPS: JP¥110 (up from JP¥94.50 in 1Q 2024). Revenue: JP¥24.1b (up 4.0% from 1Q 2024). Net income: JP¥2.79b (up 16% from 1Q 2024). Profit margin: 12% (up from 10% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Chemicals industry in Japan. 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 50% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥7,980, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 12x in the Chemicals industry in Japan. Total returns to shareholders of 241% over the past three years. Declared Dividend • Jul 11
Final dividend of JP¥45.00 announced Shareholders will receive a dividend of JP¥45.00. Ex-date: 27th September 2024 Payment date: 9th December 2024 Dividend yield will be 0.8%, which is lower than the industry average of 2.2%. Payout Ratios Payout ratio: 41%. Cash payout ratio: 78%. Announcement • Jun 06
Osaka Soda Co., Ltd. to Report Q1, 2025 Results on Aug 09, 2024 Osaka Soda Co., Ltd. announced that they will report Q1, 2025 results on Aug 09, 2024 Valuation Update With 7 Day Price Move • Jun 06
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to JP¥10,000, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 13x in the Chemicals industry in Japan. Total returns to shareholders of 327% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥19,934 per share. Reported Earnings • May 12
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: JP¥301 (down from JP¥428 in FY 2023). Revenue: JP¥94.6b (down 9.3% from FY 2023). Net income: JP¥7.65b (down 28% from FY 2023). Profit margin: 8.1% (down from 10% in FY 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 4.8%. Earnings per share (EPS) also missed analyst estimates by 4.0%. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Chemicals industry in Japan. 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 53% per year, which means it is well ahead of earnings. Announcement • May 12
Osaka Soda Co., Ltd., Annual General Meeting, Jun 27, 2024 Osaka Soda Co., Ltd., Annual General Meeting, Jun 27, 2024. Announcement • Mar 28
Osaka Soda Co., Ltd. to Report Fiscal Year 2024 Results on May 10, 2024 Osaka Soda Co., Ltd. announced that they will report fiscal year 2024 results on May 10, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥45.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 12 June 2024. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (2.1%). Declared Dividend • Feb 29
Dividend of JP¥45.00 announced Dividend of JP¥45.00 is the same as last year. Ex-date: 28th March 2024 Payment date: 12th June 2024 Dividend yield will be 0.8%, which is lower than the industry average of 2.2%. Payout Ratios Payout ratio: 41%. Cash payout ratio: 54%. Announcement • Nov 30
Osaka Soda Co., Ltd. Confirms That Production Restored to 70% of its Original Level Since November 21, 2023 OSAKA SODA Co., Ltd. hereby announced the current status and future outlook regarding the "suspension of some production facilities due to manufacturing equipment problems at Mizushima Plant," as disclosed on April 25, 2023. Current status: Regarding the malfunctions of the main equipment for the Allyl Chloride production facility that occurred on April 4, 2023, as previously announced, problems were once again detected in the main equipment on July 27, and production was partially suspended. The company reported that it has confirmed that production has been restored to 70% of its original level since November 21, 2023 and stable operation has been achieved as a result of every possible effort in restoration activities. Future outlook: Full repair of the main equipment is scheduled to be completed during the regular maintenance in March 2024 as originally planned, and the recurrence of problems will not have an impact on the original schedule. Furthermore, taking into consideration the business environment to date and the future outlook, there will be no changes to the previously announced consolidated financial results for the fiscal year ending March 31, 2024. Announcement • Nov 29
Osaka Soda Co., Ltd. to Report Q3, 2024 Results on Feb 09, 2024 Osaka Soda Co., Ltd. announced that they will report Q3, 2024 results on Feb 09, 2024 Reported Earnings • Nov 10
Second quarter 2024 earnings released: EPS: JP¥64.38 (vs JP¥138 in 2Q 2023) Second quarter 2024 results: EPS: JP¥64.38 (down from JP¥138 in 2Q 2023). Revenue: JP¥23.4b (down 11% from 2Q 2023). Net income: JP¥1.64b (down 51% from 2Q 2023). Profit margin: 7.0% (down from 13% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Chemicals industry in Japan. 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 54% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 09
Osaka Soda Co., Ltd. Provides Earnings Guidance for the Year 2025 Osaka Soda Co., Ltd. provided earnings guidance for the year 2025. The company expects net sales to be ¥123,000 million. Operating income to be ¥18,000 million. Valuation Update With 7 Day Price Move • Oct 13
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to JP¥7,350, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 12x in the Chemicals industry in Japan. Total returns to shareholders of 209% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥12,833 per share. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥45.00 per share at 1.4% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 05 December 2023. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of Japanese dividend payers (3.3%). Lower than average of industry peers (2.5%). Announcement • Aug 27
Osaka Soda Co., Ltd. to Report Q2, 2024 Results on Nov 09, 2023 Osaka Soda Co., Ltd. announced that they will report Q2, 2024 results on Nov 09, 2023 New Risk • Aug 11
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 7.7% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.7% average weekly change). Minor Risk Shareholders have been diluted in the past year (9.4% increase in shares outstanding). Price Target Changed • Aug 10
Price target increased by 17% to JP¥6,913 Up from JP¥5,913, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of JP¥7,250. Stock is up 88% over the past year. The company is forecast to post earnings per share of JP¥318 for next year compared to JP¥428 last year. Reported Earnings • Aug 09
First quarter 2024 earnings released: EPS: JP¥94.50 (vs JP¥178 in 1Q 2023) First quarter 2024 results: EPS: JP¥94.50 (down from JP¥178 in 1Q 2023). Revenue: JP¥23.2b (down 9.9% from 1Q 2023). Net income: JP¥2.40b (down 42% from 1Q 2023). Profit margin: 10% (down from 16% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jun 09
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to JP¥4,845, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 12x in the Chemicals industry in Japan. Total returns to shareholders of 113% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥8,952 per share. Announcement • May 28
Osaka Soda Co., Ltd. to Report Q1, 2024 Results on Aug 08, 2023 Osaka Soda Co., Ltd. announced that they will report Q1, 2024 results on Aug 08, 2023 Reported Earnings • May 14
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: JP¥428 (up from JP¥405 in FY 2022). Revenue: JP¥104.2b (up 18% from FY 2022). Net income: JP¥10.6b (up 12% from FY 2022). Profit margin: 10% (in line with FY 2022). Revenue exceeded analyst estimates by 3.7%. Earnings per share (EPS) missed analyst estimates by 9.8%. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • May 13
Consensus EPS estimates fall by 38% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from JP¥479 to JP¥295 per share. Revenue forecast steady at JP¥105.0b. Net income forecast to shrink 29% next year vs 1.2% growth forecast for Chemicals industry in Japan . Consensus price target of JP¥6,345 unchanged from last update. Share price fell 11% to JP¥3,960 over the past week. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥45.00 per share at 2.2% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 13 June 2023. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (2.8%). Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: JP¥110 (vs JP¥134 in 3Q 2022) Third quarter 2023 results: EPS: JP¥110 (down from JP¥134 in 3Q 2022). Revenue: JP¥25.8b (up 11% from 3Q 2022). Net income: JP¥2.83b (down 9.6% from 3Q 2022). Profit margin: 11% (down from 14% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Announcement • Nov 27
Osaka Soda Co., Ltd. to Report Q3, 2023 Results on Feb 10, 2023 Osaka Soda Co., Ltd. announced that they will report Q3, 2023 results on Feb 10, 2023 Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Director Okiko Miyata was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 09
Second quarter 2023 earnings released: EPS: JP¥138 (vs JP¥76.60 in 2Q 2022) Second quarter 2023 results: EPS: JP¥138 (up from JP¥76.60 in 2Q 2022). Revenue: JP¥26.2b (up 26% from 2Q 2022). Net income: JP¥3.36b (up 88% from 2Q 2022). Profit margin: 13% (up from 8.6% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Nov 08
Osaka Soda Co., Ltd. (TSE:4046) announces an Equity Buyback for 700,000 shares, representing 2.7% for ¥2,000 million. Osaka Soda Co., Ltd. (TSE:4046) announces a share repurchase program. Under the program, the company will repurchase 700,000 shares, representing 2.70% of its share capital, for ¥2,000 million. The company will repurchase its shares in order to return profits to shareholders and improve capital efficiency. The program will run until February 28, 2023. As of September 30, 2022, the company had 25,934,465 shares outstanding (excluding treasury shares) and 797,552 shares in treasury.