Valuation Update With 7 Day Price Move • Jun 18
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥7,338, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 15x in the Chemicals industry in Japan. Total returns to shareholders of 184% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥10,436 per share. Price Target Changed • Jun 10
Price target increased by 8.5% to JP¥6,837 Up from JP¥6,303, the current price target is an average from 6 analysts. New target price is 12% above last closing price of JP¥6,114. Stock is up 52% over the past year. The company is forecast to post earnings per share of JP¥340 for next year compared to JP¥320 last year. Announcement • Jun 03
Sumitomo Bakelite Company Limited to Report Q1, 2027 Results on Aug 03, 2026 Sumitomo Bakelite Company Limited announced that they will report Q1, 2027 results on Aug 03, 2026 Announcement • May 12
Sumitomo Bakelite Company Limited, Annual General Meeting, Jun 24, 2026 Sumitomo Bakelite Company Limited, Annual General Meeting, Jun 24, 2026. Live News • May 12
Sumitomo Bakelite Sets Profit Records Plans Dividend Increase and Optimistic FY2026 Outlook Sumitomo Bakelite reported record profits and revenue for FY2025, driven mainly by its Semiconductor Materials segment, and highlighted higher dividends planned for FY2026.
Management pointed to ongoing portfolio transformation and a positive FY2026 outlook while acknowledging global economic uncertainties.
Earlier, the company reported steady revenue and profits for FY2026, a stronger equity base, and plans to raise its annual dividend with a forecast for further profit growth in FY2027 supported by healthy cash flows.
The sequence of record FY2025 results, steady FY2026 performance, and a stronger balance sheet suggests management is prioritizing both earnings quality and shareholder returns through a higher dividend.
You may want to watch how dependent profits remain on Semiconductor Materials and whether the portfolio transformation helps balance that exposure over the next few fiscal years. Reported Earnings • May 12
Full year 2026 earnings: EPS and revenues exceed analyst expectations Full year 2026 results: EPS: JP¥320 (up from JP¥209 in FY 2025). Revenue: JP¥319.9b (up 5.0% from FY 2025). Net income: JP¥28.0b (up 45% from FY 2025). Profit margin: 8.8% (up from 6.3% in FY 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 10%. Revenue is forecast to grow 6.4% 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 increased by 7% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥55.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 25 June 2026. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (2.3%). Price Target Changed • Mar 16
Price target increased by 9.6% to JP¥6,280 Up from JP¥5,730, the current price target is an average from 5 analysts. New target price is 18% above last closing price of JP¥5,338. Stock is up 53% over the past year. The company is forecast to post earnings per share of JP¥290 for next year compared to JP¥209 last year. Announcement • Feb 09
Sumitomo Bakelite Company Limited to Report Fiscal Year 2026 Results on May 11, 2026 Sumitomo Bakelite Company Limited announced that they will report fiscal year 2026 results on May 11, 2026 Reported Earnings • Feb 03
Third quarter 2026 earnings released: EPS: JP¥73.06 (vs JP¥1.22 in 3Q 2025) Third quarter 2026 results: EPS: JP¥73.06 (up from JP¥1.22 in 3Q 2025). Revenue: JP¥81.3b (up 4.3% from 3Q 2025). Net income: JP¥6.41b (up JP¥6.29b from 3Q 2025). Profit margin: 7.9% (up from 0.1% in 3Q 2025). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 5.1% 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 4% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 02
Sumitomo Bakelite Company Limited Revises Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2026 Sumitomo Bakelite Company Limited revised consolidated earnings guidance for the fiscal year ending March 31, 2026. For the year, the company now expects revenue of JPY 316,500 million compared to previous guidance of JPY 310,000 million, operating profit of JPY 32,500 million compared to previous guidance of JPY 31,000 million and profit attributable to owners of parent of JPY 25,500 million or JPY 290.85 per basic share compared to previous guidance of JPY 23,500 million or JPY 268.16 per basic share. Reason for the revision: Semiconductor materials are progressing beyond expectations, driven by robust demand for semiconductors in China continued and demand for AI-related applications expanded. The company expects demand to continue robust in the fourth quarter as well, and forecasts for revenue, business profit, operating profit, and profit attributable to owners of parent have exceeded previous forecasts. Announcement • Jan 23
Sumitomo Bakelite Company Limited (TSE:4203) agreed to acquire Chemical Business of Kyocera Corporation from Kyocera Corporation (TSE:6971) for ¥30 billion. Sumitomo Bakelite Company Limited (TSE:4203) agreed to acquire Chemical Business of Kyocera Corporation from Kyocera Corporation (TSE:6971) for ¥30 billion on January 22, 2026. A cash consideration of ¥30 billion will be paid by Sumitomo Bakelite Company Limited. The final acquisition cost will be determined after the price adjustment based on the share purchase agreement. A new company will be established by Kyocera in which the Chemical Business will be transferred and post the aforesaid acquisition the new company will become a subsidiary of Sumitomo Bakelite Company Limited.
The expected completion of the transaction is October 2026. Announcement • Dec 09
Sumitomo Bakelite Company Limited to Report Q3, 2026 Results on Feb 02, 2026 Sumitomo Bakelite Company Limited announced that they will report Q3, 2026 results at 9:00 AM, Tokyo Standard Time on Feb 02, 2026 Declared Dividend • Dec 02
First half dividend of JP¥55.00 announced Shareholders will receive a dividend of JP¥55.00. Ex-date: 30th March 2026 Payment date: 25th June 2026 Dividend yield will be 2.1%, which is lower than the industry average of 2.2%. Sustainability & Growth Dividend is well covered by both earnings (43% earnings payout ratio) and cash flows (41% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 57% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Price Target Changed • Nov 19
Price target increased by 8.8% to JP¥5,716 Up from JP¥5,256, the current price target is an average from 5 analysts. New target price is 18% above last closing price of JP¥4,863. Stock is up 27% over the past year. The company is forecast to post earnings per share of JP¥293 for next year compared to JP¥209 last year. Reported Earnings • Nov 06
Second quarter 2026 earnings released: EPS: JP¥66.66 (vs JP¥61.64 in 2Q 2025) Second quarter 2026 results: EPS: JP¥66.66 (up from JP¥61.64 in 2Q 2025). Revenue: JP¥78.9b (up 3.1% from 2Q 2025). Net income: JP¥5.84b (up 1.8% from 2Q 2025). Profit margin: 7.4% (down from 7.5% in 2Q 2025). 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 4.1% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥50.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 02 December 2025. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (2.6%). Announcement • Sep 01
Sumitomo Bakelite Company Limited to Report Q2, 2026 Results on Nov 04, 2025 Sumitomo Bakelite Company Limited announced that they will report Q2, 2026 results on Nov 04, 2025 Reported Earnings • Aug 05
First quarter 2026 earnings released: EPS: JP¥84.99 (vs JP¥68.40 in 1Q 2025) First quarter 2026 results: EPS: JP¥84.99 (up from JP¥68.40 in 1Q 2025). Revenue: JP¥77.7b (up 1.4% from 1Q 2025). Net income: JP¥7.45b (up 17% from 1Q 2025). Profit margin: 9.6% (up from 8.3% in 1Q 2025). Revenue is forecast to grow 3.8% 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 4% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Jul 09
Final dividend of JP¥50.00 announced Shareholders will receive a dividend of JP¥50.00. Ex-date: 29th September 2025 Payment date: 2nd December 2025 Dividend yield will be 2.4%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is well covered by both earnings (43% earnings payout ratio) and cash flows (33% 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 45% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jun 25
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: JP¥209 (down from JP¥234 in FY 2024). Revenue: JP¥304.8b (up 6.1% from FY 2024). Net income: JP¥19.3b (down 12% from FY 2024). Profit margin: 6.3% (down from 7.6% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 13%. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Chemicals industry in Japan. 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 24% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jun 03
Sumitomo Bakelite Company Limited to Report Q1, 2026 Results on Aug 04, 2025 Sumitomo Bakelite Company Limited announced that they will report Q1, 2026 results on Aug 04, 2025 Reported Earnings • May 13
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: JP¥209 (down from JP¥234 in FY 2024). Revenue: JP¥304.8b (up 6.1% from FY 2024). Net income: JP¥19.3b (down 12% from FY 2024). Profit margin: 6.3% (down from 7.6% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 13%. Revenue is forecast to grow 4.3% 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 5% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Mar 31
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 14% to JP¥3,340. The fair value is estimated to be JP¥4,220, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.4% over the last 3 years. Earnings per share has grown by 7.3%. For the next 3 years, revenue is forecast to grow by 4.7% per annum. Earnings are also forecast to grow by 17% per annum over the same time period. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥45.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 26 June 2025. Payout ratio is a comfortable 48% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (2.6%). Announcement • Mar 04
Sumitomo Bakelite Company Limited to Report Fiscal Year 2025 Results on May 12, 2025 Sumitomo Bakelite Company Limited announced that they will report fiscal year 2025 results on May 12, 2025 Buy Or Sell Opportunity • Feb 20
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 8.3% to JP¥3,479. The fair value is estimated to be JP¥4,355, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.4% over the last 3 years. Earnings per share has grown by 7.3%. For the next 3 years, revenue is forecast to grow by 4.9% per annum. Earnings are also forecast to grow by 16% per annum over the same time period. Reported Earnings • Feb 04
Third quarter 2025 earnings released: EPS: JP¥1.22 (vs JP¥74.68 in 3Q 2024) Third quarter 2025 results: EPS: JP¥1.22 (down from JP¥74.68 in 3Q 2024). Revenue: JP¥78.0b (up 6.0% from 3Q 2024). Net income: JP¥114.0m (down 98% from 3Q 2024). Profit margin: 0.1% (down from 9.5% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.9% 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 increased by 7% per year whereas the company’s share price has increased by 11% per year. Announcement • Feb 03
Sumitomo Bakelite Company Limited (TSE:4203) announces an Equity Buyback for 5,508,100 shares, representing 5.91% for ¥19,999.91 million. Sumitomo Bakelite Company Limited (TSE:4203) announces a share repurchase program. Under the program, the company will repurchase up to 5,508,100 shares, representing 5.91% of its share capital, for ¥19,999.91 million. The shares will be repurchased at ¥3,631 per share. The purpose of the program is tto enhance shareholder returns and improve capital efficiency. The repurchased shares will be cancelled. As of December 31, 2024, the company had 93,144,000 shares in issue (excluding treasury stock) and 613,956 shares in treasury. Buy Or Sell Opportunity • Jan 28
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.1% to JP¥3,668. The fair value is estimated to be JP¥4,671, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.0% over the last 3 years. Earnings per share has grown by 9.5%. For the next 3 years, revenue is forecast to grow by 4.9% per annum. Earnings are also forecast to grow by 8.9% per annum over the same time period. Buy Or Sell Opportunity • Dec 16
Now 20% undervalued Over the last 90 days, the stock has risen 3.7% to JP¥3,768. The fair value is estimated to be JP¥4,711, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.0% over the last 3 years. Earnings per share has grown by 9.5%. For the next 3 years, revenue is forecast to grow by 4.9% per annum. Earnings are also forecast to grow by 9.0% per annum over the same time period. Announcement • Dec 05
Sumitomo Bakelite Company Limited to Report Q3, 2025 Results on Feb 03, 2025 Sumitomo Bakelite Company Limited announced that they will report Q3, 2025 results on Feb 03, 2025 Declared Dividend • Dec 03
First half dividend of JP¥45.00 announced Shareholders will receive a dividend of JP¥45.00. Ex-date: 28th March 2025 Payment date: 26th June 2025 Dividend yield will be 2.4%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is well covered by both earnings (34% earnings payout ratio) and cash flows (33% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 29% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Nov 25
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.7% to JP¥3,709. The fair value is estimated to be JP¥4,647, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.0% over the last 3 years. Earnings per share has grown by 9.5%. For the next 3 years, revenue is forecast to grow by 4.8% per annum. Earnings are also forecast to grow by 8.7% per annum over the same time period. Reported Earnings • Nov 07
First half 2025 earnings released: EPS: JP¥137 (vs JP¥118 in 1H 2024) First half 2025 results: EPS: JP¥137 (up from JP¥118 in 1H 2024). Revenue: JP¥153.1b (up 7.9% from 1H 2024). Net income: JP¥12.7b (up 15% from 1H 2024). Profit margin: 8.3% (up from 7.8% in 1H 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.5% 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, earnings per share has increased by 9% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Nov 06
Price target increased by 7.3% to JP¥5,090 Up from JP¥4,742, the current price target is an average from 5 analysts. New target price is 27% above last closing price of JP¥4,023. Stock is up 17% over the past year. The company is forecast to post earnings per share of JP¥277 for next year compared to JP¥234 last year. Announcement • Oct 31
Sumitomo Bakelite Company Limited Declares Dividends of Surplus (Interim Dividend), Payable December 2, 2024 Sumitomo Bakelite Company Limited announced that the Company decided to pay dividends of surplus (Interim Dividend), with a record date of September 30, 2024 at the meeting of the Board of Directors held on October 31, 2024, of JPY 45.00 Dividend per share Record date September 30, 2024; Effective date December 2, 2024. Total amount of dividends: JPY 4,191 million. A two-for-one common stock split was issued on April 1, 2024. For the fiscal year ended March 31, 2024, the actual dividend amount before the stock split is shown. 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: 02 December 2024. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.8%). In line with average of industry peers (2.4%). Announcement • Aug 28
Sumitomo Bakelite Company Limited to Report Q2, 2025 Results on Nov 05, 2024 Sumitomo Bakelite Company Limited announced that they will report Q2, 2025 results on Nov 05, 2024 Reported Earnings • Aug 07
First quarter 2025 earnings released: EPS: JP¥75.16 (vs JP¥60.78 in 1Q 2024) First quarter 2025 results: EPS: JP¥75.16 (up from JP¥60.78 in 1Q 2024). Revenue: JP¥76.7b (up 9.1% from 1Q 2024). Net income: JP¥7.00b (up 23% from 1Q 2024). Profit margin: 9.1% (up from 8.1% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.6% 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 increased by 10% per year whereas the company’s share price has increased by 15% per year. 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 6.0% 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. 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. Share price has been volatile over the past 3 months (6.0% average weekly change). 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¥3,170, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 12x in the Chemicals industry in Japan. Total returns to shareholders of 42% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥5,135 per share. Buy Or Sell Opportunity • Aug 01
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.7% to JP¥4,034. The fair value is estimated to be JP¥5,120, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.5% over the last 3 years. Earnings per share has grown by 12%. For the next 3 years, revenue is forecast to grow by 5.7% per annum. Earnings are also forecast to grow by 9.8% per annum over the same time period. 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: 2nd December 2024 Dividend yield will be 2.7%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is well covered by both earnings (30% earnings payout ratio) and cash flows (46% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 17% over the next 3 years. However, it would need to fall by 67% to increase the payout ratio to a potentially unsustainable range. Announcement • Jun 08
Sumitomo Bakelite Company Limited to Report Q1, 2025 Results on Aug 05, 2024 Sumitomo Bakelite Company Limited announced that they will report Q1, 2025 results on Aug 05, 2024 Reported Earnings • May 16
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: JP¥467 (up from JP¥216 in FY 2023). Revenue: JP¥287.3b (flat on FY 2023). Net income: JP¥21.8b (up 7.6% from FY 2023). Profit margin: 7.6% (up from 7.1% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.0%. Revenue is forecast to grow 5.4% 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 increased by 25% per year whereas the company’s share price has increased by 27% per year. Announcement • May 15
Sumitomo Bakelite Company Limited, Annual General Meeting, Jun 25, 2024 Sumitomo Bakelite Company Limited, Annual General Meeting, Jun 25, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥80.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 24 June 2024. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (2.1%). Price Target Changed • Mar 13
Price target increased by 7.4% to JP¥8,783 Up from JP¥8,180, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of JP¥8,719. Stock is up 82% over the past year. The company is forecast to post earnings per share of JP¥477 for next year compared to JP¥431 last year. Price Target Changed • Mar 12
Price target increased by 8.4% to JP¥8,583 Up from JP¥7,920, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of JP¥8,672. Stock is up 83% over the past year. The company is forecast to post earnings per share of JP¥477 for next year compared to JP¥431 last year. Announcement • Mar 02
Sumitomo Bakelite Company Limited to Report Fiscal Year 2024 Results on May 13, 2024 Sumitomo Bakelite Company Limited announced that they will report fiscal year 2024 results on May 13, 2024 Reported Earnings • Feb 07
Third quarter 2024 earnings released: EPS: JP¥149 (vs JP¥147 in 3Q 2023) Third quarter 2024 results: EPS: JP¥149 (up from JP¥147 in 3Q 2023). Revenue: JP¥73.5b (flat on 3Q 2023). Net income: JP¥6.96b (flat on 3Q 2023). Profit margin: 9.5% (in line with 3Q 2023). Revenue is forecast to grow 5.0% 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 increased by 16% per year whereas the company’s share price has increased by 21% per year. Announcement • Nov 30
Sumitomo Bakelite Company Limited to Report Q3, 2024 Results on Feb 05, 2024 Sumitomo Bakelite Company Limited announced that they will report Q3, 2024 results on Feb 05, 2024 Reported Earnings • Nov 07
Second quarter 2024 earnings released: EPS: JP¥115 (vs JP¥96.06 in 2Q 2023) Second quarter 2024 results: EPS: JP¥115 (up from JP¥96.06 in 2Q 2023). Revenue: JP¥71.7b (flat on 2Q 2023). Net income: JP¥5.36b (up 19% from 2Q 2023). Profit margin: 7.5% (up from 6.3% in 2Q 2023). Revenue is forecast to grow 4.6% 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 increased by 24% per year whereas the company’s share price has increased by 28% per year. Price Target Changed • Nov 06
Price target increased by 9.1% to JP¥7,400 Up from JP¥6,780, the current price target is an average from 5 analysts. New target price is 8.9% above last closing price of JP¥6,798. Stock is up 70% over the past year. The company is forecast to post earnings per share of JP¥471 for next year compared to JP¥431 last year. Announcement • Oct 31
Sumitomo Bakelite Company Limited Announces Dividends of Surplus (Interim Dividend), Effective Date December 1, 2023 Sumitomo Bakelite Company Limited announced that the Company decided to pay dividends of surplus (Interim Dividend), with a record date of September 30, 2023 at the meeting of the Board of Directors held on October 31, 2023, of JPY 70.00 Dividend per share Record date September 30, 2023; Effective date December 1, 2023. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥70.00 per share at 2.2% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 01 December 2023. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.3%). Lower than average of industry peers (2.5%). Announcement • Sep 15
Sumitomo Bakelite Company Limited to Report Q2, 2024 Results on Nov 06, 2023 Sumitomo Bakelite Company Limited announced that they will report Q2, 2024 results on Nov 06, 2023 Reported Earnings • Aug 08
First quarter 2024 earnings released: EPS: JP¥122 (vs JP¥100 in 1Q 2023) First quarter 2024 results: EPS: JP¥122 (up from JP¥100 in 1Q 2023). Revenue: JP¥70.3b (down 2.1% from 1Q 2023). Net income: JP¥5.71b (up 21% from 1Q 2023). Profit margin: 8.1% (up from 6.6% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.5% 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 29% per year whereas the company’s share price has increased by 33% per year. Reported Earnings • Jun 28
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: JP¥431 (up from JP¥389 in FY 2022). Revenue: JP¥284.9b (up 8.3% from FY 2022). Net income: JP¥20.3b (up 11% from FY 2022). Profit margin: 7.1% (in line with FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.9%. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 31% per year whereas the company’s share price has increased by 26% per year. Announcement • Jun 16
Sumitomo Bakelite Company Limited to Report Q1, 2024 Results on Aug 07, 2023 Sumitomo Bakelite Company Limited announced that they will report Q1, 2024 results on Aug 07, 2023 Reported Earnings • May 19
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: JP¥431 (up from JP¥389 in FY 2022). Revenue: JP¥284.9b (up 8.3% from FY 2022). Net income: JP¥20.3b (up 11% from FY 2022). Profit margin: 7.1% (in line with FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.9%. Revenue is forecast to grow 3.7% 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 31% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.