Reported Earnings • May 20
First quarter 2026 earnings released: EPS: JP¥16.52 (vs JP¥7.10 in 1Q 2025) First quarter 2026 results: EPS: JP¥16.52 (up from JP¥7.10 in 1Q 2025). Revenue: JP¥5.70b (up 15% from 1Q 2025). Net income: JP¥263.0m (up 135% from 1Q 2025). Profit margin: 4.6% (up from 2.3% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 32% per year, which means it has not declined as severely as earnings. Reported Earnings • Feb 16
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: JP¥49.66 (down from JP¥88.92 in FY 2024). Revenue: JP¥20.6b (up 1.3% from FY 2024). Net income: JP¥786.0m (down 44% from FY 2024). Profit margin: 3.8% (down from 6.9% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.9%. Revenue is forecast to grow 4.5% p.a. on average during the next 2 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 fallen by 33% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings. Announcement • Feb 14
Ultrafabrics Holdings Co.,Ltd. Provides Consolidated Earnings Guidance for the Six Months Ending June 2026 and Full Year Ending December 2026 Ultrafabrics Holdings Co.,Ltd. provided consolidated earnings guidance for the six months ending June 2026 and full year ending December 2026. For the six months, the company expects sales of JPY 10,900 million, operating profit of JPY 700 million, profit of JPY 200 million, Profit attributable to owners of parent of JPY 200 million and basic earnings per share of JPY 10.70.
For the full year, the company expects sales of JPY 21,600 million, operating profit of JPY 1,600 million, profit of JPY 500 million, Profit attributable to owners of parent of JPY 500 million and basic earnings per share of JPY 26.74. Announcement • Feb 13
Ultrafabrics Holdings Co.,Ltd., Annual General Meeting, Mar 27, 2026 Ultrafabrics Holdings Co.,Ltd., Annual General Meeting, Mar 27, 2026. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥39.00 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 13 March 2026. Payout ratio is on the higher end at 90%, and the cash payout ratio is above 100%. Trailing yield: 5.2%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.5%). Major Estimate Revision • Dec 10
Consensus EPS estimates increase by 15% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from JP¥37.70 to JP¥43.50. Revenue forecast steady at JP¥20.6b. Net income forecast to grow 37% next year vs 8.2% growth forecast for Chemicals industry in Japan. Consensus price target of JP¥1,300 unchanged from last update. Share price was steady at JP¥792 over the past week. Reported Earnings • Nov 18
Third quarter 2025 earnings released: EPS: JP¥24.71 (vs JP¥18.54 in 3Q 2024) Third quarter 2025 results: EPS: JP¥24.71 (up from JP¥18.54 in 3Q 2024). Revenue: JP¥5.32b (up 7.4% from 3Q 2024). Net income: JP¥392.0m (up 35% from 3Q 2024). Profit margin: 7.4% (up from 5.9% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has fallen by 27% per year whereas the company’s share price has fallen by 32% per year. Major Estimate Revision • Sep 09
Consensus EPS estimates fall by 50% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from JP¥21.5b to JP¥20.8b. EPS estimate also fell from JP¥75.70 per share to JP¥37.70 per share. Net income forecast to grow 59% next year vs 12% growth forecast for Chemicals industry in Japan. Consensus price target of JP¥1,300 unchanged from last update. Share price rose 2.1% to JP¥719 over the past week. Announcement • Sep 01
Ultrafabrics Holdings Co.,Ltd. to Report Q3, 2025 Results on Nov 14, 2025 Ultrafabrics Holdings Co.,Ltd. announced that they will report Q3, 2025 results on Nov 14, 2025 Reported Earnings • Aug 16
Second quarter 2025 earnings released: EPS: JP¥5.38 (vs JP¥28.03 in 2Q 2024) Second quarter 2025 results: EPS: JP¥5.38 (down from JP¥28.03 in 2Q 2024). Revenue: JP¥5.15b (up 2.2% from 2Q 2024). Net income: JP¥85.0m (down 81% from 2Q 2024). Profit margin: 1.7% (down from 8.7% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has fallen by 34% per year, which means it is performing significantly worse than earnings. Announcement • Jun 03
Ultrafabrics Holdings Co.,Ltd. to Report Q2, 2025 Results on Aug 14, 2025 Ultrafabrics Holdings Co.,Ltd. announced that they will report Q2, 2025 results on Aug 14, 2025 New Risk • May 20
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.9% Last year net profit margin: 9.2% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks High level of debt (85% net debt to equity). 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 (7.4% average weekly change). Profit margins are more than 30% lower than last year (4.9% net profit margin). Market cap is less than US$100m (JP¥10.3b market cap, or US$71.1m). New Risk • Apr 07
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 5.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (76% net debt to equity). 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 (5.7% average weekly change). Market cap is less than US$100m (JP¥9.33b market cap, or US$63.8m). Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥679, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 10x in the Chemicals industry in Japan. Total loss to shareholders of 51% over the past three years. Announcement • Mar 01
Ultrafabrics Holdings Co.,Ltd. to Report Q1, 2025 Results on May 15, 2025 Ultrafabrics Holdings Co.,Ltd. announced that they will report Q1, 2025 results on May 15, 2025 Reported Earnings • Feb 16
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: JP¥105 (down from JP¥130 in FY 2023). Revenue: JP¥20.3b (down 3.6% from FY 2023). Net income: JP¥1.64b (down 19% from FY 2023). Profit margin: 8.1% (down from 9.6% in FY 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 5.0%. Revenue is forecast to grow 14% p.a. on average during the next 2 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 16% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Upcoming Dividend • Dec 20
Upcoming dividend of JP¥39.00 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 13 March 2025. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.6%). Announcement • Dec 07
Ultrafabrics Holdings Co.,Ltd. to Report Fiscal Year 2024 Results on Feb 14, 2025 Ultrafabrics Holdings Co.,Ltd. announced that they will report fiscal year 2024 results on Feb 14, 2025 Announcement • Aug 27
Ultrafabrics Holdings Co.,Ltd. to Report Q3, 2024 Results on Nov 14, 2024 Ultrafabrics Holdings Co.,Ltd. announced that they will report Q3, 2024 results on Nov 14, 2024 Valuation Update With 7 Day Price Move • Aug 21
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to JP¥852, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 12x in the Chemicals industry in Japan. Total returns to shareholders of 44% over the past three years. Major Estimate Revision • Aug 21
Consensus EPS estimates fall by 28% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from JP¥21.5b to JP¥20.6b. EPS estimate also fell from JP¥131 per share to JP¥93.60 per share. Net income forecast to shrink 26% next year vs 11% growth forecast for Chemicals industry in Japan . Consensus price target down from JP¥2,300 to JP¥1,600. Share price fell 21% to JP¥852 over the past week. Reported Earnings • Aug 19
Second quarter 2024 earnings released: EPS: JP¥33.02 (vs JP¥19.76 in 2Q 2023) Second quarter 2024 results: EPS: JP¥33.02 (up from JP¥19.76 in 2Q 2023). Revenue: JP¥5.04b (up 1.9% from 2Q 2023). Net income: JP¥516.0m (up 68% from 2Q 2023). Profit margin: 10% (up from 6.2% in 2Q 2023). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 13% 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 41% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Declared Dividend • Aug 16
Dividend of JP¥39.00 announced Shareholders will receive a dividend of JP¥39.00. Ex-date: 27th December 2024 Payment date: 13th March 2025 Dividend yield will be 4.3%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by earnings (30% earnings payout ratio) but not adequately covered by cash flows (91% cash payout ratio). The dividend has increased by an average of 21% 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. New Risk • Aug 05
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥13.8b (US$96.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (8.2% average weekly change). Minor Risks Dividend is not well covered by cash flows (91% cash payout ratio). Shareholders have been diluted in the past year (13% increase in shares outstanding). Market cap is less than US$100m (JP¥13.8b market cap, or US$96.7m). Valuation Update With 7 Day Price Move • Aug 02
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥1,000, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 13x in the Chemicals industry in Japan. Total returns to shareholders of 69% over the past three years. New Risk • Aug 01
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Minor Risks Dividend is not well covered by cash flows (91% cash payout ratio). Share price has been volatile over the past 3 months (5.6% average weekly change). Shareholders have been diluted in the past year (13% increase in shares outstanding). Announcement • Jun 06
Ultrafabrics Holdings Co.,Ltd. to Report Q2, 2024 Results on Aug 14, 2024 Ultrafabrics Holdings Co.,Ltd. announced that they will report Q2, 2024 results on Aug 14, 2024 Major Estimate Revision • May 30
Consensus EPS estimates fall by 21% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from JP¥22.4b to JP¥21.5b. EPS estimate also fell from JP¥165 per share to JP¥131 per share. Net income forecast to grow 20% next year vs 13% growth forecast for Chemicals industry in Japan. Consensus price target down from JP¥2,700 to JP¥2,300. Share price fell 3.5% to JP¥1,084 over the past week. New Risk • May 24
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 13% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Minor Risks Dividend is not well covered by cash flows (91% cash payout ratio). Shareholders have been diluted in the past year (13% increase in shares outstanding). Reported Earnings • May 18
First quarter 2024 earnings released: EPS: JP¥40.76 (vs JP¥40.69 in 1Q 2023) First quarter 2024 results: EPS: JP¥40.76 (up from JP¥40.69 in 1Q 2023). Revenue: JP¥5.37b (down 4.4% from 1Q 2023). Net income: JP¥635.0m (flat on 1Q 2023). Profit margin: 12% (in line with 1Q 2023). Revenue is forecast to grow 14% 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 52% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Price Target Changed • Mar 06
Price target decreased by 16% to JP¥2,700 Down from JP¥3,200, the current price target is provided by 1 analyst. New target price is 126% above last closing price of JP¥1,195. Stock is down 40% over the past year. The company is forecast to post earnings per share of JP¥165 for next year compared to JP¥130 last year. Major Estimate Revision • Mar 06
Consensus EPS estimates fall by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from JP¥23.2b to JP¥22.4b. EPS estimate also fell from JP¥185 per share to JP¥165 per share. Net income forecast to grow 39% next year vs 21% growth forecast for Chemicals industry in Japan. Consensus price target down from JP¥3,200 to JP¥2,700. Share price was steady at JP¥1,195 over the past week. Announcement • Feb 28
Ultrafabrics Holdings Co.,Ltd. to Report Q1, 2024 Results on May 15, 2024 Ultrafabrics Holdings Co.,Ltd. announced that they will report Q1, 2024 results on May 15, 2024 Reported Earnings • Feb 20
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: JP¥153 (up from JP¥109 in FY 2022). Revenue: JP¥21.0b (up 7.4% from FY 2022). Net income: JP¥2.38b (up 45% from FY 2022). Profit margin: 11% (up from 8.4% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 16%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Announcement • Feb 16
Ultrafabrics Holdings Co.,Ltd., Annual General Meeting, Mar 27, 2024 Ultrafabrics Holdings Co.,Ltd., Annual General Meeting, Mar 27, 2024. Announcement • Dec 28
Ultrafabrics Holdings Co.,Ltd. to Report Fiscal Year 2023 Results on Feb 14, 2024 Ultrafabrics Holdings Co.,Ltd. announced that they will report fiscal year 2023 results on Feb 14, 2024 Upcoming Dividend • Dec 21
Upcoming dividend of JP¥31.00 per share at 2.6% yield Eligible shareholders must have bought the stock before 28 December 2023. Payment date: 29 March 2024. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.5%). In line with average of industry peers (2.4%). Reported Earnings • Nov 18
Third quarter 2023 earnings released: EPS: JP¥38.64 (vs JP¥38.22 in 3Q 2022) Third quarter 2023 results: EPS: JP¥38.64 (up from JP¥38.22 in 3Q 2022). Revenue: JP¥5.21b (down 2.1% from 3Q 2022). Net income: JP¥602.0m (up 4.5% from 3Q 2022). Profit margin: 12% (in line with 3Q 2022). Revenue is forecast to grow 10% 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 77% per year but the company’s share price has only increased by 55% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Nov 17
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥1,637, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 12x in the Chemicals industry in Japan. Total returns to shareholders of 294% over the past three years. Announcement • Aug 30
Ultrafabrics Holdings Co.,Ltd. to Report Q3, 2023 Results on Nov 14, 2023 Ultrafabrics Holdings Co.,Ltd. announced that they will report Q3, 2023 results on Nov 14, 2023 Reported Earnings • Aug 16
Second quarter 2023 earnings released: EPS: JP¥25.30 (vs JP¥38.54 in 2Q 2022) Second quarter 2023 results: EPS: JP¥25.30 (down from JP¥38.54 in 2Q 2022). Revenue: JP¥4.94b (up 3.7% from 2Q 2022). Net income: JP¥393.0m (down 32% from 2Q 2022). Profit margin: 8.0% (down from 12% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 62% per year, which means it is significantly lagging earnings growth. New Risk • Aug 15
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.7% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (15% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (9.1% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (3.3% increase in shares outstanding). Valuation Update With 7 Day Price Move • Aug 15
Investor sentiment deteriorates as stock falls 24% After last week's 24% share price decline to JP¥1,817, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 12x in the Chemicals industry in Japan. Total returns to shareholders of 378% over the past three years. Announcement • May 28
Ultrafabrics Holdings Co.,Ltd. to Report Q2, 2023 Results on Aug 14, 2023 Ultrafabrics Holdings Co.,Ltd. announced that they will report Q2, 2023 results on Aug 14, 2023 Reported Earnings • May 17
First quarter 2023 earnings released: EPS: JP¥88.49 (vs JP¥8.73 in 1Q 2022) First quarter 2023 results: EPS: JP¥88.49 (up from JP¥8.73 in 1Q 2022). Revenue: JP¥5.62b (up 34% from 1Q 2022). Net income: JP¥685.0m (up 427% from 1Q 2022). Profit margin: 12% (up from 3.1% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% 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 93% per year but the company’s share price has only increased by 72% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 31
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: EPS: JP¥136 (up from JP¥56.99 in FY 2021). Revenue: JP¥19.6b (up 39% from FY 2021). Net income: JP¥2.05b (up 172% from FY 2021). Profit margin: 11% (up from 5.3% in FY 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) missed analyst estimates by 23%. Revenue is forecast to grow 14% 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 89% per year but the company’s share price has only increased by 65% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 01
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥4,115, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 10x in the Chemicals industry in Japan. Total returns to shareholders of 280% over the past three years. Reported Earnings • Feb 16
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: EPS: JP¥273 (up from JP¥114 in FY 2021). Revenue: JP¥19.6b (up 39% from FY 2021). Net income: JP¥2.05b (up 172% from FY 2021). Profit margin: 11% (up from 5.3% in FY 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) missed analyst estimates by 23%. Revenue is forecast to grow 17% p.a. on average during the next 2 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 89% per year but the company’s share price has only increased by 44% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥34.00 per share Eligible shareholders must have bought the stock before 29 December 2022. Payment date: 28 March 2023. Payout ratio is a comfortable 12% but the company is paying out more than the cash it is generating. Trailing yield: 0.9%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (3.0%). Price Target Changed • Nov 16
Price target increased to JP¥5,500 Up from JP¥4,000, the current price target is provided by 1 analyst. New target price is 27% above last closing price of JP¥4,325. Stock is up 96% over the past year. The company is forecast to post earnings per share of JP¥245 for next year compared to JP¥114 last year. Board Change • Nov 16
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. 2 experienced directors. 5 highly experienced directors. No independent directors (4 non-independent directors). External Director Toshio Fujimura was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Sep 16
Investor sentiment deteriorated over the past week After last week's 15% share price decline to JP¥4,795, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 9x in the Chemicals industry in Japan. Total returns to shareholders of 329% over the past three years. Announcement • Sep 07
Ultrafabrics Holdings Co.,Ltd. (TSE:4235) announces an Equity Buyback for 430,000 shares, representing 5.74% for ¥1,800 million. Ultrafabrics Holdings Co.,Ltd. (TSE:4235) announces a share repurchase program. Under the program, the company will repurchase up to 430,000 shares, representing 5.74% of its issued share capital (excluding treasury stock), for a total purchase price of ¥1,800 million. The purpose of the program is to diversify the shareholder composition and improve liquidity in a planned manner. The program will continue through March 27, 2023. As of June 30, 2022, the company had 7,490,982 issued shares (excluding treasury stock) and 339,618 treasury shares. Announcement • Aug 31
Ultrafabrics Holdings Co.,Ltd. to Report Q3, 2022 Results on Nov 14, 2022 Ultrafabrics Holdings Co.,Ltd. announced that they will report Q3, 2022 results on Nov 14, 2022 Valuation Update With 7 Day Price Move • Aug 19
Investor sentiment improved over the past week After last week's 36% share price gain to JP¥4,875, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 9x in the Chemicals industry in Japan. Total returns to shareholders of 343% over the past three years. Reported Earnings • Aug 14
Second quarter 2022 earnings released: EPS: JP¥103 (vs JP¥14.58 in 2Q 2021) Second quarter 2022 results: EPS: JP¥103 (up from JP¥14.58 in 2Q 2021). Revenue: JP¥4.76b (up 39% from 2Q 2021). Net income: JP¥771.0m (up JP¥675.0m from 2Q 2021). Profit margin: 16% (up from 2.8% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 11%, compared to a 8.5% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 43% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment improved over the past week After last week's 16% share price gain to JP¥3,000, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 9x in the Chemicals industry in Japan. Total returns to shareholders of 59% over the past three years. Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment improved over the past week After last week's 16% share price gain to JP¥2,691, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 10x in the Chemicals industry in Japan. Total returns to shareholders of 53% over the past three years. Announcement • May 29
Ultrafabrics Holdings Co.,Ltd. to Report Q2, 2022 Results on Aug 12, 2022 Ultrafabrics Holdings Co.,Ltd. announced that they will report Q2, 2022 results on Aug 12, 2022 Reported Earnings • May 18
First quarter 2022 earnings: EPS and revenues exceed analyst expectations First quarter 2022 results: EPS: JP¥22.16 (up from JP¥13.03 in 1Q 2021). Revenue: JP¥4.19b (up 41% from 1Q 2021). Net income: JP¥165.0m (up 94% from 1Q 2021). Profit margin: 3.9% (up from 2.9% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.9%. Earnings per share (EPS) also surpassed analyst estimates by 64%. Over the next year, revenue is forecast to grow 16%, compared to a 7.4% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 18
Investor sentiment deteriorated over the past week After last week's 25% share price decline to JP¥2,513, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 10x in the Chemicals industry in Japan. Total returns to shareholders of 50% over the past three years. Buying Opportunity • May 12
Now 20% undervalued Over the last 90 days, the stock is up 44%. The fair value is estimated to be JP¥4,015, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 12%. For the next 3 years, revenue is forecast to grow by 16% per annum. Earnings is also forecast to grow by 22% per annum over the same time period. Buying Opportunity • Apr 27
Now 20% undervalued Over the last 90 days, the stock is up 66%. The fair value is estimated to be JP¥3,787, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 12%. For the next 3 years, revenue is forecast to grow by 16% per annum. Earnings is also forecast to grow by 22% per annum over the same time period. Buying Opportunity • Apr 11
Now 21% undervalued Over the last 90 days, the stock is up 35%. The fair value is estimated to be JP¥3,744, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 12%. For the next 3 years, revenue is forecast to grow by 16% per annum. Earnings is also forecast to grow by 22% per annum over the same time period. Announcement • Apr 08
Ultrafabrics Holdings Co.,Ltd. to Report Q1, 2022 Results on May 13, 2022 Ultrafabrics Holdings Co.,Ltd. announced that they will report Q1, 2022 results on May 13, 2022 Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment improved over the past week After last week's 16% share price gain to JP¥3,260, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 10x in the Chemicals industry in Japan. Total returns to shareholders of 54% over the past three years. Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment deteriorated over the past week After last week's 22% share price decline to JP¥2,377, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 8x in the Chemicals industry in Japan. Total loss to shareholders of 3.3% over the past three years. Buying Opportunity • Mar 03
Now 21% undervalued Over the last 90 days, the stock is up 63%. The fair value is estimated to be JP¥3,782, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 12% per annum over the last 3 years. Reported Earnings • Feb 17
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: JP¥149 (up from JP¥4.18 in FY 2020). Revenue: JP¥14.1b (up 41% from FY 2020). Net income: JP¥986.0m (up JP¥959.0m from FY 2020). Profit margin: 7.0% (up from 0.3% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.9%. Earnings per share (EPS) also surpassed analyst estimates by 64%. Over the next year, revenue is forecast to grow 2.6%, compared to a 6.5% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Feb 17
Ultrafabrics Holdings Co.,Ltd. Provides Year-End Dividend Guidance for the Fiscal Year Ending December 31, 2021 Ultrafabrics Holdings Co.,Ltd. provided dividend guidance of ¥26.00 for the year ended December 31, 2021 against JPY 20.00 per share paid a year ago. 