Reported Earnings • Aug 10
First quarter 2027 earnings released: EPS: JP¥29.84 (vs JP¥21.36 in 1Q 2026) First quarter 2027 results: EPS: JP¥29.84 (up from JP¥21.36 in 1Q 2026). Revenue: JP¥26.3b (up 8.3% from 1Q 2026). Net income: JP¥1.65b (up 40% from 1Q 2026). Profit margin: 6.3% (up from 4.9% in 1Q 2026). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Jul 25
Final dividend of JP¥20.00 announced Shareholders will receive a dividend of JP¥20.00. Ex-date: 29th September 2026 Payment date: 10th December 2026 Dividend yield will be 3.6%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by both earnings (47% earnings payout ratio) and cash flows (63% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 5.8% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Jun 04
Koatsu Gas Kogyo Co., Ltd. to Report Q1, 2027 Results on Aug 07, 2026 Koatsu Gas Kogyo Co., Ltd. announced that they will report Q1, 2027 results on Aug 07, 2026 Reported Earnings • May 20
Full year 2026 earnings released: EPS: JP¥84.43 (vs JP¥86.68 in FY 2025) Full year 2026 results: EPS: JP¥84.43 (down from JP¥86.68 in FY 2025). Revenue: JP¥98.7b (flat on FY 2025). Net income: JP¥4.66b (down 2.6% from FY 2025). Profit margin: 4.7% (down from 4.8% in FY 2025). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 15
Koatsu Gas Kogyo Co., Ltd., Annual General Meeting, Jun 24, 2026 Koatsu Gas Kogyo Co., Ltd., Annual General Meeting, Jun 24, 2026. Announcement • May 09
Koatsu Gas Kogyo Co., Ltd. to Report Fiscal Year 2026 Results on May 15, 2026 Koatsu Gas Kogyo Co., Ltd. announced that they will report fiscal year 2026 results on May 15, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 25 June 2026. Payout ratio is a comfortable 26% 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 (2.3%). Reported Earnings • Feb 14
Third quarter 2026 earnings released: EPS: JP¥23.68 (vs JP¥35.11 in 3Q 2025) Third quarter 2026 results: EPS: JP¥23.68 (down from JP¥35.11 in 3Q 2025). Revenue: JP¥25.4b (down 3.7% from 3Q 2025). Net income: JP¥1.31b (down 33% from 3Q 2025). Profit margin: 5.1% (down from 7.3% in 3Q 2025). 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 increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Dec 11
First half dividend of JP¥20.00 announced Shareholders will receive a dividend of JP¥20.00. Ex-date: 30th March 2026 Payment date: 25th June 2026 Dividend yield will be 3.8%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by both earnings (34% earnings payout ratio) and cash flows (74% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 9.1% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Dec 10
Koatsu Gas Kogyo Co., Ltd. to Report Q3, 2026 Results on Feb 13, 2026 Koatsu Gas Kogyo Co., Ltd. announced that they will report Q3, 2026 results on Feb 13, 2026 Reported Earnings • Nov 18
Second quarter 2026 earnings released: EPS: JP¥16.85 (vs JP¥11.40 in 2Q 2025) Second quarter 2026 results: EPS: JP¥16.85 (up from JP¥11.40 in 2Q 2025). Revenue: JP¥23.5b (down 1.5% from 2Q 2025). Net income: JP¥930.0m (up 48% from 2Q 2025). Profit margin: 4.0% (up from 2.6% in 2Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. 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: 10 December 2025. Payout ratio is a comfortable 24% but the company is paying out more than the cash it is generating. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.6%). Announcement • Sep 10
Koatsu Gas Kogyo Co., Ltd. to Report Q2, 2026 Results on Nov 14, 2025 Koatsu Gas Kogyo Co., Ltd. announced that they will report Q2, 2026 results on Nov 14, 2025 Reported Earnings • Aug 09
First quarter 2026 earnings released: EPS: JP¥21.36 (vs JP¥25.14 in 1Q 2025) First quarter 2026 results: EPS: JP¥21.36 (down from JP¥25.14 in 1Q 2025). Revenue: JP¥24.3b (up 2.7% from 1Q 2025). Net income: JP¥1.18b (down 15% from 1Q 2025). Profit margin: 4.9% (down from 5.9% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. 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: 10th December 2025 Dividend yield will be 3.0%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by earnings (23% earnings payout ratio) but not covered by cash flows (102% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 4.7% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Jun 29
Koatsu Gas Kogyo Co., Ltd. to Report Q1, 2026 Results on Aug 08, 2025 Koatsu Gas Kogyo Co., Ltd. announced that they will report Q1, 2026 results on Aug 08, 2025 Reported Earnings • Jun 27
Full year 2025 earnings released: EPS: JP¥86.68 (vs JP¥81.57 in FY 2024) Full year 2025 results: EPS: JP¥86.68 (up from JP¥81.57 in FY 2024). Revenue: JP¥99.0b (up 6.1% from FY 2024). Net income: JP¥4.78b (up 6.2% from FY 2024). Profit margin: 4.8% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jun 24
Koatsu Gas Kogyo Co., Ltd. Announces Executive Changes Head of Kinki Area, Gas Business Division Koatsu Gas Kogyo Co., Ltd. announced executive changes. Takayasu Kato assumes the role of Head of Kinki Area, Gas Business Division which was previously held by Takashi Morimoto. Reported Earnings • May 20
Full year 2025 earnings released: EPS: JP¥86.68 (vs JP¥81.57 in FY 2024) Full year 2025 results: EPS: JP¥86.68 (up from JP¥81.57 in FY 2024). Revenue: JP¥99.0b (up 6.1% from FY 2024). Net income: JP¥4.78b (up 6.2% from FY 2024). Profit margin: 4.8% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 15
Koatsu Gas Kogyo Co., Ltd., Annual General Meeting, Jun 24, 2025 Koatsu Gas Kogyo Co., Ltd., Annual General Meeting, Jun 24, 2025. Announcement • Apr 11
Koatsu Gas Kogyo Co., Ltd. Announces Retirement of Shinsuke Yoshitaka as Outside Director Koatsu Gas Kogyo Co., Ltd. announced retirement of Shinsuke Yoshitaka as outside director. Announcement • Mar 22
Koatsu Gas Kogyo Co., Ltd. to Report Fiscal Year 2025 Results on May 15, 2025 Koatsu Gas Kogyo Co., Ltd. announced that they will report fiscal year 2025 results at 3:00 PM, Tokyo Standard Time on May 15, 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: 26 June 2025. Payout ratio is a comfortable 13% but the company is paying out more than the cash it is generating. Trailing yield: 2.3%. 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 • Mar 06
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥878, the stock trades at a trailing P/E ratio of 10.2x. Average trailing P/E is 11x in the Chemicals industry in Japan. Total returns to shareholders of 40% over the past three years. New Risk • Mar 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: Minor Risks Dividend is not well covered by cash flows (139% cash payout ratio). Share price has been volatile over the past 3 months (6.1% average weekly change). Announcement • Mar 05
Koatsu Gas Kogyo Co., Ltd. has withdrawn its Follow-on Equity Offering. Koatsu Gas Kogyo Co., Ltd. has withdrawn its Follow-on Equity Offering.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 4,783,000
Transaction Features: Subsequent Direct Listing Reported Earnings • Feb 16
Third quarter 2025 earnings released: EPS: JP¥35.11 (vs JP¥26.65 in 3Q 2024) Third quarter 2025 results: EPS: JP¥35.11 (up from JP¥26.65 in 3Q 2024). Revenue: JP¥26.4b (up 7.1% from 3Q 2024). Net income: JP¥1.94b (up 32% from 3Q 2024). Profit margin: 7.3% (up from 6.0% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 6% per year. Announcement • Jan 03
Koatsu Gas Kogyo Co., Ltd. to Report Q3, 2025 Results on Feb 14, 2025 Koatsu Gas Kogyo Co., Ltd. announced that they will report Q3, 2025 results on Feb 14, 2025 Announcement • Sep 25
Koatsu Gas Kogyo Co., Ltd. to Report Q2, 2025 Results on Nov 13, 2024 Koatsu Gas Kogyo Co., Ltd. announced that they will report Q2, 2025 results on Nov 13, 2024 Upcoming Dividend • Sep 20
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 09 December 2024. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.8%). In line with average of industry peers (2.4%). Reported Earnings • Aug 14
First quarter 2025 earnings released: EPS: JP¥25.14 (vs JP¥22.28 in 1Q 2024) First quarter 2025 results: EPS: JP¥25.14 (up from JP¥22.28 in 1Q 2024). Revenue: JP¥23.7b (up 6.3% from 1Q 2024). Net income: JP¥1.39b (up 13% from 1Q 2024). Profit margin: 5.9% (up from 5.5% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 6% per year. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to JP¥757, the stock trades at a trailing P/E ratio of 9.3x. Average trailing P/E is 12x in the Chemicals industry in Japan. Total returns to shareholders of 19% over the past three years. Announcement • Jun 27
Koatsu Gas Kogyo Co., Ltd. to Report Q1, 2025 Results on Aug 09, 2024 Koatsu Gas Kogyo Co., Ltd. announced that they will report Q1, 2025 results on Aug 09, 2024 Reported Earnings • May 20
Full year 2024 earnings released: EPS: JP¥81.57 (vs JP¥71.39 in FY 2023) Full year 2024 results: EPS: JP¥81.57 (up from JP¥71.39 in FY 2023). Revenue: JP¥93.3b (up 2.0% from FY 2023). Net income: JP¥4.50b (up 14% from FY 2023). Profit margin: 4.8% (up from 4.3% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 17
Koatsu Gas Kogyo Co., Ltd., Annual General Meeting, Jun 25, 2024 Koatsu Gas Kogyo Co., Ltd., Annual General Meeting, Jun 25, 2024. Announcement • Mar 28
Koatsu Gas Kogyo Co., Ltd. to Report Fiscal Year 2024 Results on May 15, 2024 Koatsu Gas Kogyo Co., Ltd. announced that they will report fiscal year 2024 results on May 15, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥9.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 28 June 2024. Payout ratio is a comfortable 21% but the company is paying out more than the cash it is generating. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.2%). In line with average of industry peers (2.1%). Reported Earnings • Feb 16
Third quarter 2024 earnings released: EPS: JP¥26.65 (vs JP¥19.62 in 3Q 2023) Third quarter 2024 results: EPS: JP¥26.65 (up from JP¥19.62 in 3Q 2023). Revenue: JP¥24.7b (up 3.9% from 3Q 2023). Net income: JP¥1.47b (up 36% from 3Q 2023). Profit margin: 6.0% (up from 4.6% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 6% per year and the company’s share price has also increased by 6% per year. Announcement • Dec 16
Koatsu Gas Kogyo Co., Ltd. to Report Q3, 2024 Results on Feb 14, 2024 Koatsu Gas Kogyo Co., Ltd. announced that they will report Q3, 2024 results on Feb 14, 2024 Reported Earnings • Nov 19
Second quarter 2024 earnings released: EPS: JP¥17.92 (vs JP¥16.88 in 2Q 2023) Second quarter 2024 results: EPS: JP¥17.92 (up from JP¥16.88 in 2Q 2023). Revenue: JP¥22.6b (flat on 2Q 2023). Net income: JP¥989.0m (up 6.1% from 2Q 2023). Profit margin: 4.4% (up from 4.1% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Sep 28
Koatsu Gas Kogyo Co., Ltd. to Report Q2, 2024 Results on Nov 14, 2023 Koatsu Gas Kogyo Co., Ltd. announced that they will report Q2, 2024 results on Nov 14, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of JP¥9.00 per share at 2.3% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 11 December 2023. Payout ratio is a comfortable 21% but the company is not cash flow positive. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.3%). In line with average of industry peers (2.5%). Reported Earnings • Aug 12
First quarter 2024 earnings released: EPS: JP¥22.28 (vs JP¥18.98 in 1Q 2023) First quarter 2024 results: EPS: JP¥22.28 (up from JP¥18.98 in 1Q 2023). Revenue: JP¥22.3b (up 3.5% from 1Q 2023). Net income: JP¥1.23b (up 17% from 1Q 2023). Profit margin: 5.5% (up from 4.9% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Jun 29
Koatsu Gas Kogyo Co., Ltd. to Report Q1, 2024 Results on Aug 10, 2023 Koatsu Gas Kogyo Co., Ltd. announced that they will report Q1, 2024 results on Aug 10, 2023 Reported Earnings • May 15
Full year 2023 earnings released: EPS: JP¥71.39 (vs JP¥75.16 in FY 2022) Full year 2023 results: EPS: JP¥71.39 (down from JP¥75.16 in FY 2022). Revenue: JP¥91.5b (up 11% from FY 2022). Net income: JP¥3.94b (down 5.0% from FY 2022). Profit margin: 4.3% (down from 5.0% 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 7% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • May 14
Koatsu Gas Kogyo Co., Ltd., Annual General Meeting, Jun 27, 2023 Koatsu Gas Kogyo Co., Ltd., Annual General Meeting, Jun 27, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥10.00 per share at 2.3% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 27 June 2023. Payout ratio is a comfortable 21% but the company is not cash flow positive. Trailing yield: 2.3%. 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¥19.62 (vs JP¥18.37 in 3Q 2022) Third quarter 2023 results: EPS: JP¥19.62 (up from JP¥18.37 in 3Q 2022). Revenue: JP¥23.7b (up 9.9% from 3Q 2022). Net income: JP¥1.08b (up 6.8% from 3Q 2022). Profit margin: 4.6% (down from 4.7% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Dec 01
Koatsu Gas Kogyo Co., Ltd. to Report Q3, 2023 Results on Feb 10, 2023 Koatsu Gas Kogyo Co., Ltd. announced that they will report Q3, 2023 results on Feb 10, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: JP¥16.88 (vs JP¥19.27 in 2Q 2022) Second quarter 2023 results: EPS: JP¥16.88 (down from JP¥19.27 in 2Q 2022). Revenue: JP¥22.5b (up 14% from 2Q 2022). Net income: JP¥932.0m (down 12% from 2Q 2022). Profit margin: 4.1% (down from 5.4% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 4 highly experienced directors. 4 independent directors (5 non-independent directors). Independent External Director Hiroaki Nagashima was the last independent director to join the board, commencing their role in 2021. 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 13
Second quarter 2023 earnings released: EPS: JP¥16.88 (vs JP¥19.27 in 2Q 2022) Second quarter 2023 results: EPS: JP¥16.88 (down from JP¥19.27 in 2Q 2022). Revenue: JP¥22.5b (up 14% from 2Q 2022). Net income: JP¥932.0m (down 12% from 2Q 2022). Profit margin: 4.1% (down from 5.4% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥8.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 12 December 2022. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (2.9%). Announcement • Sep 18
Koatsu Gas Kogyo Co., Ltd. to Report Q2, 2023 Results on Nov 11, 2022 Koatsu Gas Kogyo Co., Ltd. announced that they will report Q2, 2023 results on Nov 11, 2022 Reported Earnings • Aug 12
First quarter 2023 earnings released: EPS: JP¥18.98 (vs JP¥18.15 in 1Q 2022) First quarter 2023 results: EPS: JP¥18.98 (up from JP¥18.15 in 1Q 2022). Revenue: JP¥21.5b (up 11% from 1Q 2022). Net income: JP¥1.05b (up 4.6% from 1Q 2022). Profit margin: 4.9% (down from 5.2% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Jul 04
Koatsu Gas Kogyo Co., Ltd. to Report Q1, 2023 Results on Aug 10, 2022 Koatsu Gas Kogyo Co., Ltd. announced that they will report Q1, 2023 results on Aug 10, 2022 Reported Earnings • May 17
Full year 2022 earnings released: EPS: JP¥75.16 (vs JP¥63.75 in FY 2021) Full year 2022 results: EPS: JP¥75.16 (up from JP¥63.75 in FY 2021). Revenue: JP¥82.5b (up 7.3% from FY 2021). Net income: JP¥4.15b (up 18% from FY 2021). Profit margin: 5.0% (up from 4.6% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Announcement • May 15
Koatsu Gas Kogyo Co., Ltd., Annual General Meeting, Jun 24, 2022 Koatsu Gas Kogyo Co., Ltd., Annual General Meeting, Jun 24, 2022. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 7 highly experienced directors. No independent directors (11 non-independent directors). MD, GM of Administration Division & Director Ryosuke Matsui was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Announcement • Apr 07
Koatsu Gas Kogyo Co., Ltd. to Report Fiscal Year 2022 Results on May 13, 2022 Koatsu Gas Kogyo Co., Ltd. announced that they will report fiscal year 2022 results on May 13, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥8.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 25 June 2022. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (2.6%). Buying Opportunity • Feb 14
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 2.1%. The fair value is estimated to be JP¥954, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.1% per annum over the last 3 years. Earnings per share has grown by 6.3% per annum over the last 3 years. Reported Earnings • Feb 12
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥18.37 (down from JP¥21.27 in 3Q 2021). Revenue: JP¥21.6b (up 8.0% from 3Q 2021). Net income: JP¥1.01b (down 14% from 3Q 2021). Profit margin: 4.7% (down from 5.9% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 15
Second quarter 2022 earnings released: EPS JP¥19.27 (vs JP¥9.98 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥19.8b (up 10% from 2Q 2021). Net income: JP¥1.06b (up 93% from 2Q 2021). Profit margin: 5.4% (up from 3.1% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 6% 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¥8.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 10 December 2021. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.0%). In line with average of industry peers (1.9%). Reported Earnings • Aug 13
First quarter 2022 earnings released: EPS JP¥18.15 (vs JP¥11.72 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥19.4b (up 6.8% from 1Q 2021). Net income: JP¥1.00b (up 55% from 1Q 2021). Profit margin: 5.2% (up from 3.6% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 29
Full year 2021 earnings released: EPS JP¥63.75 (vs JP¥68.93 in FY 2020) The company reported a soft full year result with weaker earnings and revenues, although profit margins were improved. Full year 2021 results: Revenue: JP¥76.9b (down 8.4% from FY 2020). Net income: JP¥3.52b (down 7.5% from FY 2020). Profit margin: 4.6% (up from 4.5% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Reported Earnings • May 16
Full year 2021 earnings released: EPS JP¥63.75 (vs JP¥68.93 in FY 2020) The company reported a soft full year result with weaker earnings and revenues, although profit margins were improved. Full year 2021 results: Revenue: JP¥76.9b (down 8.4% from FY 2020). Net income: JP¥3.52b (down 7.5% from FY 2020). Profit margin: 4.6% (up from 4.5% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥8.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 26 June 2021. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.8%). Is New 90 Day High Low • Feb 24
New 90-day low: JP¥727 The company is down 7.0% from its price of JP¥780 on 26 November 2020. The Japanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 3.0% over the same period. Reported Earnings • Feb 12
Third quarter 2021 earnings released: EPS JP¥21.27 (vs JP¥20.65 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¥20.0b (down 6.2% from 3Q 2020). Net income: JP¥1.17b (up 3.0% from 3Q 2020). Profit margin: 5.9% (up from 5.4% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 4% per year. Is New 90 Day High Low • Feb 01
New 90-day low: JP¥730 The company is down 4.0% from its price of JP¥761 on 02 November 2020. The Japanese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 17% over the same period. Announcement • Oct 08
Koatsu Gas Kogyo Co., Ltd. to Report Q2, 2021 Results on Nov 13, 2020 Koatsu Gas Kogyo Co., Ltd. announced that they will report Q2, 2021 results on Nov 13, 2020