Reported Earnings • May 01
Full year 2026 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2026 results: EPS: JP¥154 (up from JP¥138 in FY 2025). Revenue: JP¥131.4b (up 2.5% from FY 2025). Net income: JP¥7.57b (up 2.7% from FY 2025). Profit margin: 5.8% (in line with FY 2025). Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) exceeded analyst estimates by 5.1%. Revenue is forecast to grow 3.9% p.a. on average during the next 2 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 26% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 01
Riken Technos Corporation, Annual General Meeting, Jun 19, 2026 Riken Technos Corporation, Annual General Meeting, Jun 19, 2026. Announcement • Apr 21
Riken Technos Corporation to Report Fiscal Year 2026 Results on Apr 30, 2026 Riken Technos Corporation announced that they will report fiscal year 2026 results on Apr 30, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥32.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 23 June 2026. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.3%). Reported Earnings • Jan 31
Third quarter 2026 earnings released: EPS: JP¥52.67 (vs JP¥47.42 in 3Q 2025) Third quarter 2026 results: EPS: JP¥52.67 (up from JP¥47.42 in 3Q 2025). Revenue: JP¥33.7b (up 3.7% from 3Q 2025). Net income: JP¥2.55b (up 1.7% from 3Q 2025). Profit margin: 7.6% (down from 7.7% in 3Q 2025). Revenue is forecast to grow 3.1% 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 29% per year but the company’s share price has increased by 47% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Jan 30
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 5.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 4.7% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.5% average weekly change). Announcement • Dec 02
Riken Technos Corporation to Report Q3, 2026 Results on Jan 30, 2026 Riken Technos Corporation announced that they will report Q3, 2026 results on Jan 30, 2026 Declared Dividend • Nov 29
First half dividend of JP¥27.00 announced Dividend of JP¥27.00 is the same as last year. Ex-date: 30th March 2026 Payment date: 23rd June 2026 Dividend yield will be 3.2%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is well covered by both earnings (29% earnings payout ratio) and cash flows (30% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 9.1% over the next 3 years. However, it would need to fall by 67% to increase the payout ratio to a potentially unsustainable range. New Risk • Nov 01
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 4.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 4.4% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Nov 01
Second quarter 2026 earnings released: EPS: JP¥39.74 (vs JP¥13.79 in 2Q 2025) Second quarter 2026 results: EPS: JP¥39.74 (up from JP¥13.79 in 2Q 2025). Revenue: JP¥32.9b (up 2.7% from 2Q 2025). Net income: JP¥1.99b (up 166% from 2Q 2025). Profit margin: 6.0% (up from 2.3% in 2Q 2025). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 31
Riken Technos Corporation (TSE:4220) announces an Equity Buyback for 1,500,000 shares, representing 3.05% for ¥2,000 million. Riken Technos Corporation (TSE:4220) announces a share repurchase program. Under the program, the company will repurchase 1,500,000 shares, representing 2.93% of the outstanding shares for ¥1,800 million. The purpose of the program is to exercise agile management of capital policy corresponding to any changes of business environment and improve capital efficiency and enhance shareholder returns. The shares repurchased will be cancelled. All the acquisition funds will be sourced from own funds. The program will run until January 31, 2026. As of September 30, 2025, the company had 49,152,521 issued shares (excluding treasury stock) and 2,122,300 shares in treasury. Reported Earnings • Aug 02
First quarter 2026 earnings released: EPS: JP¥28.95 (vs JP¥33.96 in 1Q 2025) First quarter 2026 results: EPS: JP¥28.95 (down from JP¥33.96 in 1Q 2025). Revenue: JP¥32.7b (up 4.2% from 1Q 2025). Net income: JP¥1.47b (down 21% from 1Q 2025). Profit margin: 4.5% (down from 6.0% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 31
Riken Technos Corporation (TSE:4220) announces an Equity Buyback for 1,500,000 shares, representing 2.93% for ¥1,800 million. Riken Technos Corporation (TSE:4220) announces a share repurchase program. Under the program, the company will repurchase 1,500,000 shares, representing 2.93% of the outstanding shares for ¥1,800 million. The purpose of the program is to exercise agile management of capital policy corresponding to any changes of business environment and improve capital efficiency and enhance shareholder returns. The shares repurchased will be cancelled. All the acquisition funds will be sourced from own funds. The program will run until October 31, 2025. As of June 30, 2025, the company had 51,274,821 issued shares (excluding treasury stock) and 808,400 shares in treasury. Declared Dividend • Jul 09
Final dividend increased to JP¥20.00 Dividend of JP¥20.00 is 43% higher than last year. Ex-date: 29th September 2025 Payment date: 1st 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 (29% earnings payout ratio) and cash flows (31% 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 remain steady over the next 3 years, which should provide adequate earnings cover for the dividend. Announcement • Jun 27
Riken Technos Corporation to Report Q1, 2026 Results on Jul 31, 2025 Riken Technos Corporation announced that they will report Q1, 2026 results on Jul 31, 2025 Reported Earnings • Jun 21
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: JP¥138 (up from JP¥114 in FY 2024). Revenue: JP¥128.1b (up 1.9% from FY 2024). Net income: JP¥7.37b (up 7.1% from FY 2024). Profit margin: 5.8% (up from 5.5% in FY 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) exceeded analyst estimates by 25%. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 01
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: JP¥138 (up from JP¥114 in FY 2024). Revenue: JP¥128.1b (up 1.9% from FY 2024). Net income: JP¥7.37b (up 7.1% from FY 2024). Profit margin: 5.8% (up from 5.5% in FY 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) exceeded analyst estimates by 25%. Revenue is forecast to grow 3.9% p.a. on average during the next 2 years, compared to a 4.7% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 29% per year whereas the company’s share price has increased by 32% per year. Announcement • Apr 30
Riken Technos Corporation, Annual General Meeting, Jun 20, 2025 Riken Technos Corporation, Annual General Meeting, Jun 20, 2025. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Outside Director Shigeru Ehara was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Mar 09
Riken Technos Corporation to Report Fiscal Year 2025 Results on Apr 30, 2025 Riken Technos Corporation announced that they will report fiscal year 2025 results on Apr 30, 2025 Announcement • Feb 25
Riken Technos Corporation (TSE:4220) announces an Equity Buyback for 2,000,000 shares, representing 3.8% for ¥2,400 million. Riken Technos Corporation (TSE:4220) announces a share repurchase program. Under the program, the company will repurchase 2,000,000 shares, representing 3.8% of the outstanding shares for ¥2,400 million. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment, enhance capital efficiency and improve shareholder returns. The shares repurchased will be cancelled. All the acquisition funds will be sourced from own funds. The program will run until June 30, 2025. As of January 31, 2025, the company had 52,608,452 issued shares (excluding treasury stock) and 666,567 shares in treasury. Reported Earnings • Feb 01
Third quarter 2025 earnings released: EPS: JP¥47.42 (vs JP¥52.05 in 3Q 2024) Third quarter 2025 results: EPS: JP¥47.42 (down from JP¥52.05 in 3Q 2024). Revenue: JP¥32.5b (down 1.2% from 3Q 2024). Net income: JP¥2.50b (down 18% from 3Q 2024). Profit margin: 7.7% (down from 9.3% in 3Q 2024). Revenue is forecast to grow 3.5% 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 increased by 26% per year whereas the company’s share price has increased by 31% per year. Announcement • Dec 03
Riken Technos Corporation to Report Q3, 2025 Results on Jan 31, 2025 Riken Technos Corporation announced that they will report Q3, 2025 results on Jan 31, 2025 Reported Earnings • Nov 02
Second quarter 2025 earnings released: EPS: JP¥13.79 (vs JP¥18.00 in 2Q 2024) Second quarter 2025 results: EPS: JP¥13.79 (down from JP¥18.00 in 2Q 2024). Revenue: JP¥32.0b (up 5.6% from 2Q 2024). Net income: JP¥746.0m (down 35% from 2Q 2024). Profit margin: 2.3% (down from 3.8% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 24% per year and the company’s share price has also increased by 24% per year. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥14.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 29 November 2024. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.4%). Announcement • Aug 29
Riken Technos Corporation to Report Q2, 2025 Results on Oct 31, 2024 Riken Technos Corporation announced that they will report Q2, 2025 results on Oct 31, 2024 Reported Earnings • Aug 02
First quarter 2025 earnings released: EPS: JP¥33.96 (vs JP¥21.62 in 1Q 2024) First quarter 2025 results: EPS: JP¥33.96 (up from JP¥21.62 in 1Q 2024). Revenue: JP¥31.4b (flat on 1Q 2024). Net income: JP¥1.87b (up 37% from 1Q 2024). Profit margin: 6.0% (up from 4.4% in 1Q 2024). Revenue is forecast to grow 3.8% 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 21% per year whereas the company’s share price has increased by 17% per year. Announcement • Jul 31
Riken Technos Corporation (TSE:4220) announces an Equity Buyback for 2,500,000 shares, representing 4.54% for ¥3,000 million. Riken Technos Corporation (TSE:4220) announces a share repurchase program. Under the program, the company will repurchase 2,500,000 shares, representing 4.54% of the outstanding shares for ¥3,000 million. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment, enhance capital efficiency and improve shareholder returns. Shares repurchased will be cancelled. The program will run until October 31, 2024. As of June 30, 2024, the company had 55,020,035 issued shares (excluding treasury stock) and 755,072 shares in treasury. Board Change • Jun 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Outside Director Shigeru Ehara was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Jun 26
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: JP¥114 (up from JP¥72.10 in FY 2023). Revenue: JP¥125.7b (up 1.8% from FY 2023). Net income: JP¥6.88b (up 51% from FY 2023). Profit margin: 5.5% (up from 3.7% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.9%. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 19% per year. Announcement • Jun 06
Riken Technos Corporation to Report Q1, 2025 Results on Jul 31, 2024 Riken Technos Corporation announced that they will report Q1, 2025 results on Jul 31, 2024 Reported Earnings • May 01
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: JP¥114 (up from JP¥72.10 in FY 2023). Revenue: JP¥125.7b (up 1.8% from FY 2023). Net income: JP¥6.88b (up 51% from FY 2023). Profit margin: 5.5% (up from 3.7% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.9%. Revenue is forecast to grow 3.5% p.a. on average during the next 2 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 18% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 01
Riken Technos Corporation Announces Management Retirements Riken Technos Corporation announced that the following changes in directors were decided on at the Board of Directors meeting held on April 30, 2024. Retiring Directors (excluding Directors serving as Audit & Supervisory Committee Members): Hitoshi Sugino - Director, Senior Executive Officer. Senior General Manager,Technical Division. Mr. Hitoshi Sugino will retire from his post at the conclusion of the Ordinary General Meeting of Shareholders to be held on June 21, 2024, when his term of office will expire, but will continue to serve as Senior Executive Officer and Senior General Manager, Technical Division. Retiring Directors serving as Audit and Supervisory Committee members: Masato Koizumi - Director, Full-time Audit & Supervisory Committee Member. Takayuki Hayakawa - Outside Director, Audit & Supervisory Committee Member (Independent Director). Upcoming Dividend • Mar 21
Upcoming dividend of JP¥17.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 19 June 2024. Payout ratio is a comfortable 2.8% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (2.1%). Announcement • Mar 15
Riken Technos Corporation to Report Fiscal Year 2024 Results on Apr 30, 2024 Riken Technos Corporation announced that they will report fiscal year 2024 results on Apr 30, 2024 Reported Earnings • Feb 02
Third quarter 2024 earnings released: EPS: JP¥52.05 (vs JP¥18.71 in 3Q 2023) Third quarter 2024 results: EPS: JP¥52.05 (up from JP¥18.71 in 3Q 2023). Revenue: JP¥32.9b (flat on 3Q 2023). Net income: JP¥3.06b (up 159% from 3Q 2023). Profit margin: 9.3% (up from 3.6% in 3Q 2023). Revenue is forecast to grow 3.2% 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 but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 29
Riken Technos Corporation to Report Q3, 2024 Results on Jan 31, 2024 Riken Technos Corporation announced that they will report Q3, 2024 results on Jan 31, 2024 Reported Earnings • Nov 01
Second quarter 2024 earnings released: EPS: JP¥18.00 (vs JP¥13.70 in 2Q 2023) Second quarter 2024 results: EPS: JP¥18.00 (up from JP¥13.70 in 2Q 2023). Revenue: JP¥30.3b (up 1.8% from 2Q 2023). Net income: JP¥1.14b (up 32% from 2Q 2023). Profit margin: 3.8% (up from 2.9% in 2Q 2023). Revenue is forecast to grow 3.0% 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 14% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Oct 31
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 6.9% 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 (6.9% average weekly change). Announcement • Oct 31
Riken Technos Corporation (TSE:4220) announces an Equity Buyback for 8,500,000 shares, representing 13.43% for ¥7,000 million. Riken Technos Corporation (TSE:4220) announces a share repurchase program. Under the program, the company will repurchase 8,500,000 shares, representing 13.43% of the outstanding shares for ¥7,000 million. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment, enhance capital efficiency and improve shareholder returns. Shares repurchased will be cancelled. The program will run until January 31, 2024. As of September 30, 2023, the company had 63,304,639 issued shares (excluding treasury stock) and 809,180 shares in treasury. Valuation Update With 7 Day Price Move • Oct 31
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to JP¥856, 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 125% over the past three years. Announcement • Sep 23
Riken Technos Corporation to Report Q2, 2024 Results on Oct 30, 2023 Riken Technos Corporation announced that they will report Q2, 2024 results on Oct 30, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of JP¥12.00 per share at 3.3% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 29 November 2023. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 3.3%. Within top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (2.5%). Reported Earnings • Aug 01
First quarter 2024 earnings released: EPS: JP¥21.62 (vs JP¥23.93 in 1Q 2023) First quarter 2024 results: EPS: JP¥21.62 (down from JP¥23.93 in 1Q 2023). Revenue: JP¥31.1b (up 4.5% from 1Q 2023). Net income: JP¥1.37b (down 9.5% from 1Q 2023). Profit margin: 4.4% (down from 5.1% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 19% per year. Announcement • Jun 21
Riken Technos Corporation to Report Q1, 2024 Results on Jul 31, 2023 Riken Technos Corporation announced that they will report Q1, 2024 results on Jul 31, 2023 Reported Earnings • Jun 21
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2023 results: EPS: JP¥72.10 (up from JP¥62.47 in FY 2022). Revenue: JP¥123.5b (up 12% from FY 2022). Net income: JP¥4.56b (up 16% from FY 2022). Profit margin: 3.7% (up from 3.6% in FY 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) exceeded analyst estimates by 8.6%. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 13% per year. Buying Opportunity • May 03
Now 20% undervalued Over the last 90 days, the stock is up 11%. The fair value is estimated to be JP¥739, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 17%. Revenue is forecast to grow by 6.9% in 2 years. Earnings is forecast to grow by 11% in the next 2 years. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥14.00 per share at 4.0% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 20 June 2023. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.8%). Buying Opportunity • Mar 14
Now 20% undervalued Over the last 90 days, the stock is up 16%. The fair value is estimated to be JP¥710, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.0% over the last 3 years. Earnings per share has grown by 18%. Revenue is forecast to grow by 5.6% in 2 years. Earnings is forecast to grow by 19% in the next 2 years. Buying Opportunity • Feb 17
Now 21% undervalued Over the last 90 days, the stock is up 11%. The fair value is estimated to be JP¥689, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.0% over the last 3 years. Earnings per share has grown by 18%. Revenue is forecast to grow by 5.6% in 2 years. Earnings is forecast to grow by 19% in the next 2 years. Reported Earnings • Jan 31
Third quarter 2023 earnings released: EPS: JP¥18.71 (vs JP¥18.87 in 3Q 2022) Third quarter 2023 results: EPS: JP¥18.71 (down from JP¥18.87 in 3Q 2022). Revenue: JP¥32.7b (up 19% from 3Q 2022). Net income: JP¥1.18b (flat on 3Q 2022). Profit margin: 3.6% (down from 4.3% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Dec 04
Riken Technos Corporation to Report Q3, 2023 Results on Jan 30, 2023 Riken Technos Corporation announced that they will report Q3, 2023 results on Jan 30, 2023 Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Outside Director Shigeru Ehara was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 02
Second quarter 2023 earnings released: EPS: JP¥13.70 (vs JP¥15.73 in 2Q 2022) Second quarter 2023 results: EPS: JP¥13.70 (down from JP¥15.73 in 2Q 2022). Revenue: JP¥29.8b (up 14% from 2Q 2022). Net income: JP¥866.0m (down 13% from 2Q 2022). Profit margin: 2.9% (down from 3.8% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.1% p.a. on average during the next 3 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 increased by 19% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥9.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 29 November 2022. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 3.7%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.9%). Announcement • Sep 01
Riken Technos Corporation to Report Q2, 2023 Results on Oct 31, 2022 Riken Technos Corporation announced that they will report Q2, 2023 results on Oct 31, 2022 Reported Earnings • Jul 31
First quarter 2023 earnings released: EPS: JP¥23.93 (vs JP¥18.16 in 1Q 2022) First quarter 2023 results: EPS: JP¥23.93 (up from JP¥18.16 in 1Q 2022). Revenue: JP¥29.7b (up 20% from 1Q 2022). Net income: JP¥1.51b (up 32% from 1Q 2022). Profit margin: 5.1% (up from 4.6% in 1Q 2022). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 10%, compared to a 9.9% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 22
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: JP¥62.47 (up from JP¥51.21 in FY 2021). Revenue: JP¥109.9b (up 25% from FY 2021). Net income: JP¥3.94b (up 22% from FY 2021). Profit margin: 3.6% (down from 3.7% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.7%. Earnings per share (EPS) also surpassed analyst estimates by 25%. Over the next year, revenue is forecast to grow 14%, compared to a 11% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • May 04
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: JP¥62.47 (up from JP¥51.21 in FY 2021). Revenue: JP¥109.9b (up 25% from FY 2021). Net income: JP¥3.94b (up 22% from FY 2021). Profit margin: 3.6% (down from 3.7% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.7%. Earnings per share (EPS) also surpassed analyst estimates by 25%. Over the next year, revenue is forecast to stay flat compared to a 7.6% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Board Change • Apr 27
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 not an independent director. The company's board is composed of: 1 new director. 5 experienced directors. 2 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Outside Director Takayuki Hayakawa was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Apr 07
Riken Technos Corporation to Report Fiscal Year 2022 Results on May 02, 2022 Riken Technos Corporation announced that they will report fiscal year 2022 results on May 02, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 21 June 2022. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (2.6%). Reported Earnings • Feb 02
Third quarter 2022 earnings: EPS and revenues exceed analyst expectations Third quarter 2022 results: EPS: JP¥18.87 (down from JP¥19.14 in 3Q 2021). Revenue: JP¥27.4b (up 20% from 3Q 2021). Net income: JP¥1.19b (down 1.6% from 3Q 2021). Profit margin: 4.3% (down from 5.3% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 10%. Earnings per share (EPS) also surpassed analyst estimates by 28%. Over the next year, revenue is expected to shrink by 2.3% compared to a 7.3% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 01
Second quarter 2022 earnings released: EPS JP¥15.73 (vs JP¥7.33 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥26.1b (up 38% from 2Q 2021). Net income: JP¥992.0m (up 114% from 2Q 2021). Profit margin: 3.8% (up from 2.5% 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 11% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. 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: 02 December 2021. Trailing yield: 3.1%. Within top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (1.9%). Reported Earnings • Aug 03
First quarter 2022 earnings released: EPS JP¥18.16 (vs JP¥5.52 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥24.9b (up 15% from 1Q 2021). Net income: JP¥1.15b (up 229% from 1Q 2021). Profit margin: 4.6% (up from 1.6% 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 5% per year whereas the company’s share price has increased by 3% per year. Reported Earnings • Jun 24
Full year 2021 earnings released: EPS JP¥51.21 (vs JP¥48.10 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¥88.2b (down 11% from FY 2020). Net income: JP¥3.23b (up 5.5% from FY 2020). Profit margin: 3.7% (up from 3.1% 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 1% per year whereas the company’s share price has increased by 3% per year. Reported Earnings • May 04
Full year 2021 earnings released: EPS JP¥51.21 (vs JP¥48.10 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¥88.2b (down 11% from FY 2020). Net income: JP¥3.23b (up 5.5% from FY 2020). Profit margin: 3.7% (up from 3.1% 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 1% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 22 June 2021. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.8%). Announcement • Mar 17
Riken Technos Corporation to Report Fiscal Year 2021 Results on Apr 30, 2021 Riken Technos Corporation announced that they will report fiscal year 2021 results on Apr 30, 2021 Is New 90 Day High Low • Mar 04
New 90-day high: JP¥514 The company is up 13% from its price of JP¥453 on 04 December 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is down 1.0% over the same period. Is New 90 Day High Low • Feb 05
New 90-day high: JP¥488 The company is up 12% from its price of JP¥436 on 06 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 16% over the same period. Reported Earnings • Feb 02
Third quarter 2021 earnings released: EPS JP¥19.14 (vs JP¥12.74 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¥22.8b (down 7.4% from 3Q 2020). Net income: JP¥1.21b (up 52% from 3Q 2020). Profit margin: 5.3% (up from 3.2% 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 3% per year. Analyst Estimate Surprise Post Earnings • Feb 02
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) also surpassed analyst estimates by 20%. Over the next year, revenue is forecast to grow 5.2%, compared to a 5.7% growth forecast for the Chemicals industry in Japan. Is New 90 Day High Low • Jan 12
New 90-day high: JP¥487 The company is up 18% from its price of JP¥414 on 14 October 2020. The Japanese market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 17% over the same period. Announcement • Dec 26
Riken Technos Corporation to Report Q3, 2021 Results on Jan 29, 2021 Riken Technos Corporation announced that they will report Q3, 2021 results on Jan 29, 2021 Is New 90 Day High Low • Dec 16
New 90-day high: JP¥482 The company is up 14% from its price of JP¥423 on 17 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 13% over the same period. Is New 90 Day High Low • Dec 01
New 90-day high: JP¥454 The company is up 15% from its price of JP¥396 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 19
Riken Technos Corporation to Report Q2, 2021 Results on Oct 30, 2020 Riken Technos Corporation announced that they will report Q2, 2021 results on Oct 30, 2020