Announcement • Jun 03
Nippon Carbide Industries Co., Inc. to Report Q1, 2027 Results on Aug 07, 2026 Nippon Carbide Industries Co., Inc. announced that they will report Q1, 2027 results on Aug 07, 2026 Reported Earnings • May 15
Full year 2026 earnings: EPS misses analyst expectations Full year 2026 results: EPS: JP¥280 (up from JP¥237 in FY 2025). Revenue: JP¥49.9b (up 2.4% from FY 2025). Net income: JP¥2.61b (up 18% from FY 2025). Profit margin: 5.2% (up from 4.5% in FY 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.9%. Revenue is forecast to grow 6.7% p.a. on average during the next 2 years, compared to a 4.8% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Announcement • May 13
Nippon Carbide Industries Co., Inc., Annual General Meeting, Jun 26, 2026 Nippon Carbide Industries Co., Inc., Annual General Meeting, Jun 26, 2026. Announcement • May 09
Nippon Carbide Industries Co., Inc. to Report Fiscal Year 2026 Results on May 13, 2026 Nippon Carbide Industries Co., Inc. announced that they will report fiscal year 2026 results at 3:00 PM, Tokyo Standard Time on May 13, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥51.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 30 June 2026. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.3%). Reported Earnings • Feb 07
Third quarter 2026 earnings released: EPS: JP¥99.09 (vs JP¥132 in 3Q 2025) Third quarter 2026 results: EPS: JP¥99.09 (down from JP¥132 in 3Q 2025). Revenue: JP¥13.2b (up 5.9% from 3Q 2025). Net income: JP¥924.0m (down 25% from 3Q 2025). Profit margin: 7.0% (down from 9.8% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.9% 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 64% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Declared Dividend • Dec 09
First half dividend of JP¥41.00 announced Shareholders will receive a dividend of JP¥41.00. Ex-date: 30th March 2026 Payment date: 30th June 2026 Dividend yield will be 3.4%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is well covered by both earnings (26% earnings payout ratio) and cash flows (24% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 36% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Nov 29
Nippon Carbide Industries Co., Inc. to Report Q3, 2026 Results on Feb 06, 2026 Nippon Carbide Industries Co., Inc. announced that they will report Q3, 2026 results on Feb 06, 2026 Reported Earnings • Nov 12
Second quarter 2026 earnings released: EPS: JP¥107 (vs JP¥20.08 in 2Q 2025) Second quarter 2026 results: EPS: JP¥107 (up from JP¥20.08 in 2Q 2025). Revenue: JP¥12.5b (up 3.0% from 2Q 2025). Net income: JP¥997.0m (up 433% from 2Q 2025). Profit margin: 8.0% (up from 1.5% in 2Q 2025). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 5.8% 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 41% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥41.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 08 December 2025. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 3.6%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.6%). Announcement • Sep 02
Nippon Carbide Industries Co., Inc. to Report Q2, 2026 Results on Nov 10, 2025 Nippon Carbide Industries Co., Inc. announced that they will report Q2, 2026 results on Nov 10, 2025 Reported Earnings • Aug 08
First quarter 2026 earnings released: EPS: JP¥57.33 (vs JP¥70.93 in 1Q 2025) First quarter 2026 results: EPS: JP¥57.33 (down from JP¥70.93 in 1Q 2025). Revenue: JP¥11.8b (up 4.7% from 1Q 2025). Net income: JP¥534.0m (down 19% from 1Q 2025). Profit margin: 4.5% (down from 5.9% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.5% 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 increased by 14% per year whereas the company’s share price has increased by 15% per year. Declared Dividend • Jul 09
Final dividend of JP¥41.00 announced Shareholders will receive a dividend of JP¥41.00. Ex-date: 29th September 2025 Payment date: 8th December 2025 Dividend yield will be 4.3%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is well covered by both earnings (32% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 52% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 29
Nippon Carbide Industries Co., Inc. to Report Q1, 2026 Results on Aug 07, 2025 Nippon Carbide Industries Co., Inc. announced that they will report Q1, 2026 results on Aug 07, 2025 Major Estimate Revision • Jun 19
Consensus EPS estimates increase by 18%, revenue downgraded The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from JP¥53.0b to JP¥50.0b. EPS estimate rose from JP¥236 to JP¥279. Net income forecast to grow 18% next year vs 6.7% growth forecast for Chemicals industry in Japan. Consensus price target up from JP¥4,500 to JP¥4,800. Share price rose 5.7% to JP¥1,809 over the past week. Reported Earnings • May 15
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: JP¥237 (up from JP¥106 in FY 2024). Revenue: JP¥48.7b (up 13% from FY 2024). Net income: JP¥2.21b (up 121% from FY 2024). Profit margin: 4.5% (up from 2.3% in FY 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.5%. Earnings per share (EPS) exceeded analyst estimates by 11%. Revenue is forecast to grow 6.9% 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 6% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Announcement • May 13
Nippon Carbide Industries Co., Inc., Annual General Meeting, Jun 27, 2025 Nippon Carbide Industries Co., Inc., Annual General Meeting, Jun 27, 2025. New Risk • Apr 07
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥13.6b (US$93.1m) 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¥13.6b market cap, or US$93.1m). 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¥1,584, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 10x in the Chemicals industry in Japan. Total returns to shareholders of 35% over the past three years. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 30 June 2025. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 4.1%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.6%). Announcement • Mar 08
Nippon Carbide Industries Co., Inc. to Report Fiscal Year 2025 Results on May 13, 2025 Nippon Carbide Industries Co., Inc. announced that they will report fiscal year 2025 results on May 13, 2025 Major Estimate Revision • Feb 14
Consensus EPS estimates increase by 11% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from JP¥193 to JP¥215. Revenue forecast unchanged at JP¥50.0b. Net income forecast to shrink 1.6% next year vs 7.5% growth forecast for Chemicals industry in Japan . Consensus price target up from JP¥4,000 to JP¥4,500. Share price rose 5.5% to JP¥1,912 over the past week. Price Target Changed • Feb 10
Price target increased by 15% to JP¥4,500 Up from JP¥3,900, the current price target is provided by 1 analyst. New target price is 134% above last closing price of JP¥1,920. Stock is up 5.1% over the past year. The company is forecast to post earnings per share of JP¥215 for next year compared to JP¥106 last year. Reported Earnings • Feb 08
Third quarter 2025 earnings released: EPS: JP¥132 (vs JP¥10.84 in 3Q 2024) Third quarter 2025 results: EPS: JP¥132 (up from JP¥10.84 in 3Q 2024). Revenue: JP¥12.5b (up 8.9% from 3Q 2024). Net income: JP¥1.23b (up JP¥1.13b from 3Q 2024). Profit margin: 9.8% (up from 0.9% in 3Q 2024). Revenue is forecast to grow 8.5% 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 39% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Announcement • Dec 03
Nippon Carbide Industries Co., Inc. to Report Q3, 2025 Results on Feb 07, 2025 Nippon Carbide Industries Co., Inc. announced that they will report Q3, 2025 results on Feb 07, 2025 Reported Earnings • Nov 10
Second quarter 2025 earnings released: EPS: JP¥20.08 (vs JP¥7.01 in 2Q 2024) Second quarter 2025 results: EPS: JP¥20.08 (up from JP¥7.01 in 2Q 2024). Revenue: JP¥12.1b (up 8.7% from 2Q 2024). Net income: JP¥187.0m (up 183% from 2Q 2024). Profit margin: 1.5% (up from 0.6% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance. New Risk • Oct 23
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥15.2b (US$99.6m) 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¥15.2b market cap, or US$99.6m). Upcoming Dividend • Sep 20
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 06 December 2024. Payout ratio is a comfortable 65% and this is well supported by cash flows. Trailing yield: 4.6%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.4%). New Risk • Sep 17
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. Announcement • Aug 28
Nippon Carbide Industries Co., Inc. to Report Q2, 2025 Results on Nov 08, 2024 Nippon Carbide Industries Co., Inc. announced that they will report Q2, 2025 results on Nov 08, 2024 Buy Or Sell Opportunity • Aug 27
Now 21% overvalued The stock has been flat over the last 90 days, currently trading at JP¥1,791. The fair value is estimated to be JP¥1,481, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 2.6% over the last 3 years. Earnings per share has declined by 73%. Revenue is forecast to grow by 24% in 2 years. Earnings are forecast to grow by 141% in the next 2 years. 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 6.4% 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 Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (6.4% average weekly change). Market cap is less than US$100m (JP¥13.0b market cap, or US$91.0m). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 24% After last week's 24% share price decline to JP¥1,392, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 12x in the Chemicals industry in Japan. Total returns to shareholders of 24% over the past three years. Announcement • Jun 10
Nippon Carbide Industries Co., Inc. to Report Q1, 2025 Results on Aug 07, 2024 Nippon Carbide Industries Co., Inc. announced that they will report Q1, 2025 results on Aug 07, 2024 Major Estimate Revision • Jun 05
Consensus EPS estimates fall by 16%, revenue upgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from JP¥48.0b to JP¥50.0b. EPS estimate fell from JP¥128 to JP¥108 per share. Net income forecast to grow 0.1% next year vs 11% growth forecast for Chemicals industry in Japan. Consensus price target up from JP¥3,900 to JP¥4,000. Share price rose 4.4% to JP¥1,878 over the past week. Reported Earnings • May 16
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: JP¥106 (up from JP¥35.34 in FY 2023). Revenue: JP¥43.2b (down 1.8% from FY 2023). Net income: JP¥999.0m (up 201% from FY 2023). Profit margin: 2.3% (up from 0.8% in FY 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) also missed analyst estimates by 59%. Revenue is forecast to grow 9.2% 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, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance. Announcement • May 15
Nippon Carbide Industries Co., Inc., Annual General Meeting, Jun 27, 2024 Nippon Carbide Industries Co., Inc., Annual General Meeting, Jun 27, 2024. New Risk • Apr 24
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 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. Minor Risk Share price has been volatile over the past 3 months (5.8% average weekly change). Buy Or Sell Opportunity • Mar 28
Now 20% undervalued Over the last 90 days, the stock has risen 26% to JP¥1,803. The fair value is estimated to be JP¥2,265, however this is not to be taken as a buy 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. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥50.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 3.5%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (2.1%). Announcement • Mar 02
Nippon Carbide Industries Co., Inc. to Report Fiscal Year 2024 Results on May 13, 2024 Nippon Carbide Industries Co., Inc. announced that they will report fiscal year 2024 results on May 13, 2024 Buy Or Sell Opportunity • Feb 27
Now 20% undervalued Over the last 90 days, the stock has risen 21% to JP¥1,809. The fair value is estimated to be JP¥2,269, however this is not to be taken as a buy 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. Buy Or Sell Opportunity • Feb 14
Now 20% undervalued Over the last 90 days, the stock has risen 25% to JP¥1,836. The fair value is estimated to be JP¥2,295, however this is not to be taken as a buy 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 • Feb 09
Third quarter 2024 earnings released: EPS: JP¥10.84 (vs JP¥4.58 in 3Q 2023) Third quarter 2024 results: EPS: JP¥10.84 (up from JP¥4.58 in 3Q 2023). Revenue: JP¥11.5b (up 4.0% from 3Q 2023). Net income: JP¥102.0m (up 137% from 3Q 2023). Profit margin: 0.9% (up from 0.4% in 3Q 2023). Revenue is forecast to grow 8.9% p.a. on average during the next 3 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 62% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. New Risk • Feb 08
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 5.6% 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 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. Minor Risk Share price has been volatile over the past 3 months (5.6% average weekly change). Announcement • Feb 07
Nippon Carbide Industries Co., Inc. (TSE:4064) announces an Equity Buyback for 140,000 shares, representing 1.49% for CNY 200 million. Nippon Carbide Industries Co., Inc. (TSE:4064) announces a share repurchase program. Under the program, the company will repurchase up to 140,000 shares, representing 1.49% of its total shares outstanding excluding treasury shares, for a total of ¥200 million. The purpose of repurchase program is to improve capital efficiency and enhance shareholder returns. The repurchase program is valid till April 30, 2024. As of December 31, 2023, the company had 9,412,454 shares outstanding excluding treasury shares and had 7,221 shares in treasury. Announcement • Nov 30
Nippon Carbide Industries Co., Inc. to Report Q3, 2024 Results on Feb 07, 2024 Nippon Carbide Industries Co., Inc. announced that they will report Q3, 2024 results on Feb 07, 2024 Reported Earnings • Nov 09
Second quarter 2024 earnings released: EPS: JP¥7.01 (vs JP¥52.35 in 2Q 2023) Second quarter 2024 results: EPS: JP¥7.01 (down from JP¥52.35 in 2Q 2023). Revenue: JP¥11.2b (down 5.0% from 2Q 2023). Net income: JP¥66.0m (down 87% from 2Q 2023). Profit margin: 0.6% (down from 4.2% in 2Q 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥30.00 per share at 3.6% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 06 December 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 3.6%. Within top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (2.5%). Announcement • Sep 02
Nippon Carbide Industries Co., Inc. to Report Q2, 2024 Results on Nov 08, 2023 Nippon Carbide Industries Co., Inc. announced that they will report Q2, 2024 results on Nov 08, 2023 Reported Earnings • Aug 08
First quarter 2024 earnings released: EPS: JP¥76.71 (vs JP¥93.22 in 1Q 2023) First quarter 2024 results: EPS: JP¥76.71 (down from JP¥93.22 in 1Q 2023). Revenue: JP¥10.2b (down 12% from 1Q 2023). Net income: JP¥721.0m (down 18% from 1Q 2023). Profit margin: 7.1% (down from 7.6% in 1Q 2023). Revenue is forecast to grow 9.0% 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 22% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Announcement • Jun 03
Nippon Carbide Industries Co., Inc. to Report Q1, 2024 Results on Aug 07, 2023 Nippon Carbide Industries Co., Inc. announced that they will report Q1, 2024 results on Aug 07, 2023 Reported Earnings • May 16
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: JP¥35.34 (down from JP¥211 in FY 2022). Revenue: JP¥44.0b (down 6.4% from FY 2022). Net income: JP¥332.0m (down 83% from FY 2022). Profit margin: 0.8% (down from 4.1% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 71%. Revenue is forecast to grow 8.5% p.a. on average during the next 2 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 fallen by 7% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥35.00 per share at 5.3% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 5.3%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.8%). Reported Earnings • Feb 08
Third quarter 2023 earnings released: EPS: JP¥4.58 (vs JP¥71.88 in 3Q 2022) Third quarter 2023 results: EPS: JP¥4.58 (down from JP¥71.88 in 3Q 2022). Revenue: JP¥11.0b (down 4.8% from 3Q 2022). Net income: JP¥43.0m (down 94% from 3Q 2022). Profit margin: 0.4% (down from 5.8% in 3Q 2022). Revenue is forecast to grow 9.5% 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 10% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Dec 01
Nippon Carbide Industries Co., Inc. to Report Q3, 2023 Results on Feb 06, 2023 Nippon Carbide Industries Co., Inc. announced that they will report Q3, 2023 results on Feb 06, 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. 9 non-independent directors. CEO, President & Representative Director Takahisa Sugiyama was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 10
Second quarter 2023 earnings released: EPS: JP¥52.35 (vs JP¥43.27 in 2Q 2022) Second quarter 2023 results: EPS: JP¥52.35 (up from JP¥43.27 in 2Q 2022). Revenue: JP¥11.8b (up 1.8% from 2Q 2022). Net income: JP¥492.0m (up 26% from 2Q 2022). Profit margin: 4.2% (up from 3.4% in 2Q 2022). Revenue is forecast to grow 8.6% 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 21% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. 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: 06 December 2022. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 5.0%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.9%). Announcement • Sep 07
Nippon Carbide Industries Co., Inc. to Report Q2, 2023 Results on Nov 08, 2022 Nippon Carbide Industries Co., Inc. announced that they will report Q2, 2023 results on Nov 08, 2022 Reported Earnings • Aug 07
First quarter 2023 earnings released: EPS: JP¥93.22 (vs JP¥84.12 in 1Q 2022) First quarter 2023 results: EPS: JP¥93.22 (up from JP¥84.12 in 1Q 2022). Revenue: JP¥11.6b (flat on 1Q 2022). Net income: JP¥875.0m (up 17% from 1Q 2022). Profit margin: 7.6% (up from 6.5% in 1Q 2022). Over the next year, revenue is forecast to grow 16%, compared to a 9.5% growth forecast for the 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 3% per year, which means it is significantly lagging earnings growth. Announcement • Jun 30
Nippon Carbide Industries Co., Inc. to Report Q1, 2023 Results on Aug 05, 2022 Nippon Carbide Industries Co., Inc. announced that they will report Q1, 2023 results on Aug 05, 2022 Announcement • May 18
Nippon Carbide Industries Co., Inc., Annual General Meeting, Jun 29, 2022 Nippon Carbide Industries Co., Inc., Annual General Meeting, Jun 29, 2022. Reported Earnings • May 17
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: EPS: JP¥211 (down from JP¥283 in FY 2021). Revenue: JP¥47.0b (up 11% from FY 2021). Net income: JP¥1.93b (down 20% from FY 2021). Profit margin: 4.1% (down from 5.7% in FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 19%. Over the next year, revenue is forecast to grow 4.2%, compared to a 7.7% growth forecast for the 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 1% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
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. 9 non-independent directors. CEO, President & Representative Director Takahisa Sugiyama was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 07
Nippon Carbide Industries Co., Inc. to Report Fiscal Year 2022 Results on May 13, 2022 Nippon Carbide Industries Co., Inc. announced that they will report fiscal year 2022 results on May 13, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 30 June 2022. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 3.5%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (2.6%). Reported Earnings • Feb 07
Third quarter 2022 earnings: EPS in line with expectations, revenues disappoint Third quarter 2022 results: EPS: JP¥71.88 (down from JP¥111 in 3Q 2021). Revenue: JP¥11.6b (up 8.1% from 3Q 2021). Net income: JP¥666.0m (down 30% from 3Q 2021). Profit margin: 5.8% (down from 8.8% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.7%. Over the next year, revenue is forecast to grow 5.9%, compared to a 6.8% growth forecast for the 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 fallen by 4% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Sep 14
Investor sentiment improved over the past week After last week's 16% share price gain to JP¥1,497, the stock trades at a trailing P/E ratio of 4.5x. Average trailing P/E is 13x in the Chemicals industry in Japan. Total loss to shareholders of 5.7% over the past three years. Reported Earnings • Aug 09
First quarter 2022 earnings released: EPS JP¥84.12 (vs JP¥31.52 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥11.5b (up 12% from 1Q 2021). Net income: JP¥746.0m (up 185% from 1Q 2021). Profit margin: 6.5% (up from 2.5% in 1Q 2021). 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 and the company’s share price has also fallen by 9% per year. Reported Earnings • May 14
Full year 2021 earnings released: EPS JP¥283 (vs JP¥212 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¥42.2b (down 9.6% from FY 2020). Net income: JP¥2.41b (up 38% from FY 2020). Profit margin: 5.7% (up from 3.7% 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 22% per year whereas the company’s share price has fallen by 17% per year. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 29 June 2021. Trailing yield: 2.9%. Within top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.8%). Announcement • Mar 04
Nippon Carbide Industries Co., Inc. to Report Fiscal Year 2021 Results on May 12, 2021 Nippon Carbide Industries Co., Inc. announced that they will report fiscal year 2021 results on May 12, 2021 Is New 90 Day High Low • Mar 03
New 90-day high: JP¥1,369 The company is up 2.0% from its price of JP¥1,343 on 03 December 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Chemicals industry, which is down 1.0% over the same period. Is New 90 Day High Low • Feb 08
New 90-day high: JP¥1,360 The company is up 12% from its price of JP¥1,211 on 10 November 2020. The Japanese market is also up 12% 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 14% over the same period. Reported Earnings • Feb 07
Third quarter 2021 earnings released: EPS JP¥111 (vs JP¥78.52 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: JP¥10.7b (down 8.5% from 3Q 2020). Net income: JP¥946.0m (up 47% from 3Q 2020). Profit margin: 8.8% (up from 5.5% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Announcement • Dec 05
Nippon Carbide Industries Co., Inc. to Report Q3, 2021 Results on Feb 05, 2021 Nippon Carbide Industries Co., Inc. announced that they will report Q3, 2021 results on Feb 05, 2021 Is New 90 Day High Low • Dec 01
New 90-day high: JP¥1,330 The company is up 10.0% from its price of JP¥1,209 on 02 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Chemicals industry, which is up 17% over the same period. Announcement • Sep 06
Nippon Carbide Industries Co., Inc. to Report Q2, 2021 Results on Nov 09, 2020 Nippon Carbide Industries Co., Inc. announced that they will report Q2, 2021 results on Nov 09, 2020