Valuation Update With 7 Day Price Move • Jul 03
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥2,551, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 15x in the Chemicals industry in Japan. Total returns to shareholders of 242% over the past three years. Announcement • Jun 05
Carlit Co., Ltd. to Report Q1, 2027 Results on Aug 07, 2026 Carlit Co., Ltd. announced that they will report Q1, 2027 results on Aug 07, 2026 Reported Earnings • May 20
Full year 2026 earnings: EPS and revenues miss analyst expectations Full year 2026 results: EPS: JP¥130 (up from JP¥109 in FY 2025). Revenue: JP¥36.2b (down 1.8% from FY 2025). Net income: JP¥2.98b (up 16% from FY 2025). Profit margin: 8.2% (up from 7.0% in FY 2025). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 3.7%. Earnings per share (EPS) also missed analyst estimates by 5.2%. Revenue is forecast to grow 7.8% p.a. on average during the next 2 years, compared to a 4.8% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth. New Risk • May 18
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 10% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risk Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • May 18
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to JP¥2,249, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 14x in the Chemicals industry in Japan. Total returns to shareholders of 235% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,549 per share. Announcement • May 09
Carlit Co., Ltd. to Report Fiscal Year 2026 Results on May 15, 2026 Carlit Co., Ltd. announced that they will report fiscal year 2026 results on May 15, 2026 Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥2,387, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 13x in the Chemicals industry in Japan. Total returns to shareholders of 283% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,451 per share. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥38.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 30 June 2026. Payout ratio is a comfortable 25% but the company is not cash flow positive. Trailing yield: 1.6%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (2.3%). Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥3,075, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 15x in the Chemicals industry in Japan. Total returns to shareholders of 368% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,411 per share. Reported Earnings • Feb 11
Third quarter 2026 earnings released: EPS: JP¥48.78 (vs JP¥21.77 in 3Q 2025) Third quarter 2026 results: EPS: JP¥48.78 (up from JP¥21.77 in 3Q 2025). Revenue: JP¥9.18b (down 1.4% from 3Q 2025). Net income: JP¥1.11b (up 115% from 3Q 2025). Profit margin: 12% (up from 5.5% in 3Q 2025). Revenue is forecast to grow 6.2% 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 10% per year but the company’s share price has increased by 53% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Dec 25
Carlit Co., Ltd. to Report Q3, 2026 Results on Feb 10, 2026 Carlit Co., Ltd. announced that they will report Q3, 2026 results on Feb 10, 2026 New Risk • Dec 09
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: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.5% average weekly change). Large one-off items impacting financial results. New Risk • Nov 15
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.2% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. 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: Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Reported Earnings • Nov 15
Second quarter 2026 earnings released: EPS: JP¥37.35 (vs JP¥24.86 in 2Q 2025) Second quarter 2026 results: EPS: JP¥37.35 (up from JP¥24.86 in 2Q 2025). Revenue: JP¥9.11b (down 1.9% from 2Q 2025). Net income: JP¥850.0m (up 45% from 2Q 2025). Profit margin: 9.3% (up from 6.3% in 2Q 2025). Revenue is forecast to grow 5.5% 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 6% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Nov 14
Dividend increased to JP¥38.00 Dividend of JP¥38.00 is 5.6% higher than last year. Ex-date: 30th March 2026 Payment date: 30th June 2026 Dividend yield will be 2.3%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (34% earnings payout ratio) and cash flows (54% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 34% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Sep 27
Carlit Co., Ltd. to Report Q2, 2026 Results on Nov 12, 2025 Carlit Co., Ltd. announced that they will report Q2, 2026 results on Nov 12, 2025 Reported Earnings • Aug 09
First quarter 2026 earnings released: EPS: JP¥12.79 (vs JP¥15.49 in 1Q 2025) First quarter 2026 results: EPS: JP¥12.79 (down from JP¥15.49 in 1Q 2025). Revenue: JP¥8.66b (down 1.2% from 1Q 2025). Net income: JP¥299.0m (down 18% from 1Q 2025). Profit margin: 3.5% (down from 4.2% in 1Q 2025). Revenue is forecast to grow 5.2% 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 4% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Jul 17
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 0% Dividend yield: 3.0% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. 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 Risk Shares are highly illiquid. Minor Risks Dividend is not well covered by cash flows (0% cash payout ratio). Large one-off items impacting financial results. Announcement • Jun 26
Carlit Co., Ltd. to Report Q1, 2026 Results on Aug 08, 2025 Carlit Co., Ltd. announced that they will report Q1, 2026 results on Aug 08, 2025 New Risk • May 26
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 7.3% 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 Share price has been volatile over the past 3 months (7.3% average weekly change). Large one-off items impacting financial results. Reported Earnings • May 21
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: JP¥109 (down from JP¥110 in FY 2024). Revenue: JP¥36.9b (flat on FY 2024). Net income: JP¥2.57b (down 1.1% from FY 2024). Profit margin: 7.0% (in line with FY 2024). Revenue missed analyst estimates by 2.5%. Earnings per share (EPS) also missed analyst estimates by 7.1%. Revenue is forecast to grow 6.3% 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 increased by 3% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 16
Carlit Co., Ltd. (TSE:4275) announces an Equity Buyback for 1,300,000 shares, representing 5.43% for ¥1,000 million. Carlit Co., Ltd. (TSE:4275) announces a share repurchase program. Under the program, the company will repurchase up to 1,300,000 shares, representing 5.43% of its outstanding shares excluding treasury shares for ¥1,000 million. The purpose of the program is to implement a flexible capital policy corresponding to the changes in the business environment. The program will be valid till November 28, 2025. As of April 30, 2025, the company had 23,957,741 outstanding shares excluding treasury shares and 92,259 shares in treasury. Announcement • May 15
Carlit Co., Ltd., Annual General Meeting, Jun 27, 2025 Carlit Co., Ltd., Annual General Meeting, Jun 27, 2025. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥872, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 10x in the Chemicals industry in Japan. Total returns to shareholders of 55% over the past three years. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥36.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 30 June 2025. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.6%). Announcement • Mar 04
Carlit Co., Ltd. to Report Fiscal Year 2025 Results on May 15, 2025 Carlit Co., Ltd. announced that they will report fiscal year 2025 results on May 15, 2025 Reported Earnings • Feb 14
Third quarter 2025 earnings released: EPS: JP¥21.77 (vs JP¥29.00 in 3Q 2024) Third quarter 2025 results: EPS: JP¥21.77 (down from JP¥29.00 in 3Q 2024). Revenue: JP¥9.32b (flat on 3Q 2024). Net income: JP¥513.0m (down 25% from 3Q 2024). Profit margin: 5.5% (down from 7.4% in 3Q 2024). Revenue is forecast to grow 5.2% 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 2% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 13
Carlit Holdings Co., Ltd. Revises Consolidated Earnings Forecasts for the Fiscal Year Ending March 31, 2025 Carlit Holdings Co., Ltd. revised consolidated earnings forecasts for the fiscal year ending March 31, 2025. For the year, the company expects net sales JPY 38,000 million, operating profit JPY 2,900 million, profit attributable to owners of parent JPY 2,800 million and Basic earnings per share JPY 118.42 compared to net sales JPY 38,000 million, operating profit JPY 3,800 million, profit attributable to owners of parent JPY 2,800 million and Basic earnings per share JPY 118.42 previous forecasts. Reason for Revision: As stated above, the company have revised forecasts for operating profit and ordinary profit mainly due to the following factors: the Bottling segment was unable to recover from a decrease in production volume due to a delay in restarting operations after regular repairs undertaken in the first quarter; Silicon wafers of the Chemical Products segment remain unable to ascertain whether demand recovers from a slump in the semiconductor market, and there have been increases in personnel expenses and energy costs. No changes have been made to the previously announced forecast for net sales and profit attributable to owners of parent. Announcement • Dec 20
Carlit Co., Ltd. to Report Q3, 2025 Results on Feb 12, 2025 Carlit Co., Ltd. announced that they will report Q3, 2025 results on Feb 12, 2025 Declared Dividend • Nov 11
Dividend of JP¥36.00 announced Shareholders will receive a dividend of JP¥36.00. Ex-date: 28th March 2025 Payment date: 30th June 2025 Dividend yield will be 2.8%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by earnings (33% earnings payout ratio) but not covered by cash flows (225% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 46% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 10
Second quarter 2025 earnings released: EPS: JP¥24.86 (vs JP¥28.19 in 2Q 2024) Second quarter 2025 results: EPS: JP¥24.86 (down from JP¥28.19 in 2Q 2024). Revenue: JP¥9.29b (up 4.9% from 2Q 2024). Net income: JP¥586.0m (down 12% from 2Q 2024). Profit margin: 6.3% (down from 7.5% in 2Q 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 5.1% 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 21% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 28
Carlit Co., Ltd. to Report Q2, 2025 Results on Nov 08, 2024 Carlit Co., Ltd. announced that they will report Q2, 2025 results on Nov 08, 2024 Board Change • Aug 21
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 6 new directors. 4 experienced directors. 2 highly experienced directors. 3 independent directors (4 non-independent directors). External Independent Director Kazuo Yamamoto is the most experienced director on the board, commencing their role in 2016. Outside Independent Director Murayama Yukari was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Aug 13
First quarter 2025 earnings released: EPS: JP¥15.49 (vs JP¥21.35 in 1Q 2024) First quarter 2025 results: EPS: JP¥15.49 (down from JP¥21.35 in 1Q 2024). Revenue: JP¥8.76b (flat on 1Q 2024). Net income: JP¥365.0m (down 28% from 1Q 2024). Profit margin: 4.2% (down from 5.7% in 1Q 2024). Revenue is forecast to grow 5.0% 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 8% per year whereas the company’s share price has increased by 11% per year. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 29% After last week's 29% share price decline to JP¥1,021, 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. New Risk • Jul 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (225% cash payout ratio). Share price has been volatile over the past 3 months (5.3% average weekly change). Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥1,503, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 14x in the Chemicals industry in Japan. Total returns to shareholders of 127% over the past three years. Announcement • Jun 02
Carlit Holdings Co., Ltd. to Report Q1, 2025 Results on Aug 09, 2024 Carlit Holdings Co., Ltd. announced that they will report Q1, 2025 results on Aug 09, 2024 Reported Earnings • May 21
Full year 2024 earnings released: EPS: JP¥110 (vs JP¥94.51 in FY 2023) Full year 2024 results: EPS: JP¥110 (up from JP¥94.51 in FY 2023). Revenue: JP¥36.6b (up 1.6% from FY 2023). Net income: JP¥2.60b (up 16% from FY 2023). Profit margin: 7.1% (up from 6.2% in FY 2023). Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 19% per year. Announcement • May 17
Carlit Holdings Co., Ltd., Annual General Meeting, Jun 27, 2024 Carlit Holdings Co., Ltd., Annual General Meeting, Jun 27, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.2%). In line with average of industry peers (2.1%). Announcement • Mar 02
Carlit Holdings Co., Ltd. to Report Fiscal Year 2024 Results on May 15, 2024 Carlit Holdings Co., Ltd. announced that they will report fiscal year 2024 results on May 15, 2024 Reported Earnings • Feb 04
Third quarter 2024 earnings released: EPS: JP¥29.00 (vs JP¥21.37 in 3Q 2023) Third quarter 2024 results: EPS: JP¥29.00 (up from JP¥21.37 in 3Q 2023). Revenue: JP¥9.23b (up 2.8% from 3Q 2023). Net income: JP¥686.0m (up 35% from 3Q 2023). Profit margin: 7.4% (up from 5.7% in 3Q 2023). Revenue is forecast to grow 5.6% 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 20% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Announcement • Feb 03
Carlit Holdings Co., Ltd. Provides Year End Dividend Guidance for the Fiscal Year Ending March 31, 2024 Carlit Holdings Co., Ltd. provided year end dividend guidance for the fiscal year ending March 31, 2024. For the period, the company expected year end dividend of JPY 20 per share compared to JPY 20 per share paid a year ago. Announcement • Dec 28
Carlit Holdings Co., Ltd. to Report Q3, 2024 Results on Feb 02, 2024 Carlit Holdings Co., Ltd. announced that they will report Q3, 2024 results on Feb 02, 2024 Reported Earnings • Nov 01
Second quarter 2024 earnings released: EPS: JP¥28.19 (vs JP¥22.21 in 2Q 2023) Second quarter 2024 results: EPS: JP¥28.19 (up from JP¥22.21 in 2Q 2023). Revenue: JP¥8.85b (down 4.8% from 2Q 2023). Net income: JP¥668.0m (up 27% from 2Q 2023). Profit margin: 7.5% (up from 5.7% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Announcement • Sep 16
Carlit Holdings Co., Ltd. to Report Q2, 2024 Results on Oct 30, 2023 Carlit Holdings Co., Ltd. announced that they will report Q2, 2024 results on Oct 30, 2023 Reported Earnings • Jul 29
First quarter 2024 earnings released: EPS: JP¥21.35 (vs JP¥17.80 in 1Q 2023) First quarter 2024 results: EPS: JP¥21.35 (up from JP¥17.80 in 1Q 2023). Revenue: JP¥8.82b (up 6.4% from 1Q 2023). Net income: JP¥505.0m (up 19% from 1Q 2023). Profit margin: 5.7% (up from 5.1% in 1Q 2023). 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 4.2% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Announcement • Jun 29
Carlit Holdings Co., Ltd. to Report Q1, 2024 Results on Jul 28, 2023 Carlit Holdings Co., Ltd. announced that they will report Q1, 2024 results on Jul 28, 2023 Reported Earnings • May 21
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: JP¥94.51 (down from JP¥98.28 in FY 2022). Revenue: JP¥36.0b (up 6.2% from FY 2022). Net income: JP¥2.25b (down 3.9% from FY 2022). Profit margin: 6.2% (down from 6.9% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) also surpassed analyst estimates by 18%. Revenue is forecast to grow 1.8% p.a. on average during the next 2 years, compared to a 3.7% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥16.00 per share at 2.3% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (2.8%). Reported Earnings • Feb 04
Third quarter 2023 earnings released: EPS: JP¥21.37 (vs JP¥29.33 in 3Q 2022) Third quarter 2023 results: EPS: JP¥21.37 (down from JP¥29.33 in 3Q 2022). Revenue: JP¥8.98b (flat on 3Q 2022). Net income: JP¥508.0m (down 27% from 3Q 2022). Profit margin: 5.7% (down from 7.7% in 3Q 2022). Revenue is forecast to grow 5.7% 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 48% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Feb 02
Now 21% undervalued Over the last 90 days, the stock is up 13%. The fair value is estimated to be JP¥956, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 14% over the last 3 years. Earnings per share has grown by 48%. Revenue is forecast to grow by 9.6% in 2 years. Earnings is forecast to grow by 2.2% in the next 2 years. Announcement • Dec 28
Carlit Holdings Co., Ltd. to Report Q3, 2023 Results on Feb 03, 2023 Carlit Holdings Co., Ltd. announced that they will report Q3, 2023 results on Feb 03, 2023 Price Target Changed • Nov 16
Price target increased to JP¥1,080 Up from JP¥710, the current price target is provided by 1 analyst. New target price is 62% above last closing price of JP¥665. Stock is down 12% over the past year. The company is forecast to post earnings per share of JP¥84.60 for next year compared to JP¥98.28 last year. Board Change • Nov 16
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. 5 non-independent directors. Outside Independent Director Murayama Yukari 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¥22.21 (vs JP¥26.37 in 2Q 2022) Second quarter 2023 results: EPS: JP¥22.21 (down from JP¥26.37 in 2Q 2022). Revenue: JP¥9.30b (up 15% from 2Q 2022). Net income: JP¥528.0m (down 16% from 2Q 2022). Profit margin: 5.7% (down from 7.7% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.3% 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 48% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Sep 14
Carlit Holdings Co., Ltd. to Report Q2, 2023 Results on Oct 31, 2022 Carlit Holdings Co., Ltd. announced that they will report Q2, 2023 results on Oct 31, 2022 Reported Earnings • Jul 31
First quarter 2023 earnings released: EPS: JP¥17.80 (vs JP¥16.53 in 1Q 2022) First quarter 2023 results: EPS: JP¥17.80 (up from JP¥16.53 in 1Q 2022). Revenue: JP¥8.29b (up 4.8% from 1Q 2022). Net income: JP¥423.0m (up 7.6% from 1Q 2022). Profit margin: 5.1% (in line with 1Q 2022). Over the next year, revenue is forecast to grow 5.0%, 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 40% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Jun 29
Carlit Holdings Co., Ltd. to Report Q1, 2023 Results on Jul 29, 2022 Carlit Holdings Co., Ltd. announced that they will report Q1, 2023 results on Jul 29, 2022 Valuation Update With 7 Day Price Move • Jun 07
Investor sentiment improved over the past week After last week's 15% share price gain to JP¥783, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 10x in the Chemicals industry in Japan. Total returns to shareholders of 26% over the past three years. Reported Earnings • May 19
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: JP¥98.28 (up from JP¥51.82 in FY 2021). Revenue: JP¥33.9b (down 26% from FY 2021). Net income: JP¥2.34b (up 90% from FY 2021). Profit margin: 6.9% (up from 2.7% in FY 2021). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 6.2%. Over the next year, revenue is forecast to grow 7.7%, compared to a 7.7% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • May 15
Carlit Holdings Co., Ltd., Annual General Meeting, Jun 29, 2022 Carlit Holdings Co., Ltd., Annual General Meeting, Jun 29, 2022. 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. 6 non-independent directors. Independent Outside Director Seiichi Shinbo was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 07
Carlit Holdings Co., Ltd. to Report Fiscal Year 2022 Results on May 13, 2022 Carlit Holdings Co., Ltd. announced that they will report fiscal year 2022 results on May 13, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥16.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 30 June 2022. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (2.6%).