Reported Earnings • May 17
Full year 2026 earnings released: EPS: JP¥147 (vs JP¥88.99 in FY 2025) Full year 2026 results: EPS: JP¥147 (up from JP¥88.99 in FY 2025). Revenue: JP¥49.9b (up 6.7% from FY 2025). Net income: JP¥1.87b (up 58% from FY 2025). Profit margin: 3.7% (up from 2.5% in FY 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. New Risk • May 14
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥15.8b (US$100.0m) 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: Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (JP¥15.8b market cap, or US$100.0m). Announcement • May 13
Tokyo Printing Ink Mfg. Co., Ltd., Annual General Meeting, Jun 25, 2026 Tokyo Printing Ink Mfg. Co., Ltd., Annual General Meeting, Jun 25, 2026. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥37.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 29 June 2026. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 5.2%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.3%). Reported Earnings • Feb 10
Third quarter 2026 earnings released Third quarter 2026 results: Revenue: JP¥13.3b (up 5.6% from 3Q 2025). Net income: JP¥1.06b (up 110% from 3Q 2025). Profit margin: 8.0% (up from 4.0% in 3Q 2025). New Risk • Feb 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 6.7% 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. This is currently the only risk that has been identified for the company. Announcement • Feb 09
Tokyo Printing Ink Mfg. Co., Ltd. (TSE:4635) announces an Equity Buyback for 180,000 shares, representing 1.42% for ¥324 million. Tokyo Printing Ink Mfg. Co., Ltd. (TSE:4635) announces a share repurchase program. Under the program, the company will repurchase up to 180,000 shares, representing 5.64% of its total shares outstanding excluding treasury shares, for a total of ¥324 million. The shares will be repurchased at 1,800 per share. The purpose of repurchase program is to improve shareholder returns through the implementation of flexible shareholder return measures that are mindful of improving capital efficiency. As of December 31, 2025, the company had 12,647,535 shares outstanding excluding treasury shares and had 981,255 shares in treasury. Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to JP¥1,789, the stock trades at a trailing P/E ratio of 13.6x. Average trailing P/E is 14x in the Chemicals industry in Japan. Total returns to shareholders of 247% over the past three years. Declared Dividend • Dec 03
First half dividend of JP¥110 announced Shareholders will receive a dividend of JP¥110. Ex-date: 30th March 2026 Payment date: 29th June 2026 Dividend yield will be 3.4%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is well covered by both earnings (41% earnings payout ratio) and cash flows (44% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 36% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 08
Second quarter 2026 earnings released: EPS: JP¥133 (vs JP¥52.66 in 2Q 2025) Second quarter 2026 results: EPS: JP¥133 (up from JP¥52.66 in 2Q 2025). Revenue: JP¥12.3b (up 9.3% from 2Q 2025). Net income: JP¥337.0m (up 141% from 2Q 2025). Profit margin: 2.7% (up from 1.2% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 37% per year, which means it is well ahead of earnings. Reported Earnings • Aug 07
First quarter 2026 earnings released: EPS: JP¥175 (vs JP¥61.67 in 1Q 2025) First quarter 2026 results: EPS: JP¥175 (up from JP¥61.67 in 1Q 2025). Revenue: JP¥12.0b (up 9.4% from 1Q 2025). Net income: JP¥448.0m (up 173% from 1Q 2025). Profit margin: 3.7% (up from 1.5% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 38% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to JP¥5,890, the stock trades at a trailing P/E ratio of 12.6x. Average trailing P/E is 12x in the Chemicals industry in Japan. Total returns to shareholders of 198% over the past three years. Declared Dividend • Jul 09
Final dividend of JP¥100.00 announced Shareholders will receive a dividend of JP¥100.00. Ex-date: 29th September 2025 Payment date: 3rd December 2025 Dividend yield will be 5.5%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by earnings (29% earnings payout ratio) but not covered by cash flows (427% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 14% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • May 15
Full year 2025 earnings released: EPS: JP¥445 (vs JP¥336 in FY 2024) Full year 2025 results: EPS: JP¥445 (up from JP¥336 in FY 2024). Revenue: JP¥46.8b (up 6.6% from FY 2024). Net income: JP¥1.18b (up 34% from FY 2024). Profit margin: 2.5% (up from 2.0% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Announcement • May 13
Tokyo Printing Ink Mfg. Co., Ltd., Annual General Meeting, Jun 26, 2025 Tokyo Printing Ink Mfg. Co., Ltd., Annual General Meeting, Jun 26, 2025. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥3,415, the stock trades at a trailing P/E ratio of 9.9x. Average trailing P/E is 10x in the Chemicals industry in Japan. Total returns to shareholders of 72% over the past three years. Announcement • Apr 01
Tokyo Printing Ink Mfg. Co., Ltd. (TSE:4635) acquired Gravure Ink and Flexo Ink Business of T&K Toka Co., Ltd. (TSE:4636). Tokyo Printing Ink Mfg. Co., Ltd. (TSE:4635) entered into memorandum of understanding with Gravure Ink and Flexo Ink Business of T&K Toka Co., Ltd. (TSE:4636) on January 27, 2023. Tokyo Printing Ink Mfg. Co., Ltd. (TSE:4635) agreed to acquire Gravure Ink and Flexo Ink Business of T&K Toka Co., Ltd. (TSE:4636) for ¥470 million on September 29, 2023. The transaction is expected to close on March 31, 2023.
Tokyo Printing Ink Mfg. Co., Ltd. (TSE:4635) completed the acquisition of Gravure Ink and Flexo Ink Business of T&K Toka Co., Ltd. (TSE:4636) on March 31, 2025. Announcement • Mar 27
Tokyo Printing Ink Mfg. Co., Ltd. to Report Fiscal Year 2025 Results on May 13, 2025 Tokyo Printing Ink Mfg. Co., Ltd. announced that they will report fiscal year 2025 results on May 13, 2025 Buy Or Sell Opportunity • Mar 24
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 30% to JP¥4,275. The fair value is estimated to be JP¥3,517, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.3% over the last 3 years. Meanwhile, the company has become profitable. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥100.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 27 June 2025. Payout ratio is a comfortable 29% but the company is not cash flow positive. Trailing yield: 4.9%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.6%). Reported Earnings • Feb 08
Third quarter 2025 earnings released: EPS: JP¥190 (vs JP¥154 in 3Q 2024) Third quarter 2025 results: EPS: JP¥190 (up from JP¥154 in 3Q 2024). Revenue: JP¥12.6b (up 7.2% from 3Q 2024). Net income: JP¥506.0m (up 26% from 3Q 2024). Profit margin: 4.0% (up from 3.4% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Announcement • Feb 07
Tokyo Printing Ink Mfg. Co., Ltd. (TSE:4635) announces an Equity Buyback for 150,000 shares, representing 5.64% for ¥500 million. Tokyo Printing Ink Mfg. Co., Ltd. (TSE:4635) announces a share repurchase program. Under the program, the company will repurchase up to 150,000 shares, representing 5.64% of its total shares outstanding excluding treasury shares, for a total of ¥500 million. The purpose of repurchase program is to improve shareholder returns through the implementation of flexible shareholder return measures that are mindful of improving capital efficiency. The repurchase program is valid till November 10, 2025. As of December 31, 2024, the company had 2,658,655 shares outstanding excluding treasury shares and had 67,103 shares in treasury. Announcement • Jan 21
Tokyo Printing Ink Mfg. Co., Ltd. to Report Q3, 2025 Results on Feb 07, 2025 Tokyo Printing Ink Mfg. Co., Ltd. announced that they will report Q3, 2025 results on Feb 07, 2025 Declared Dividend • Dec 04
First half dividend of JP¥100.00 announced Shareholders will receive a dividend of JP¥100.00. Ex-date: 28th March 2025 Payment date: 27th June 2025 Dividend yield will be 4.9%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by earnings (13% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 10% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend. Reported Earnings • Nov 10
Second quarter 2025 earnings released: EPS: JP¥52.65 (vs JP¥31.27 in 2Q 2024) Second quarter 2025 results: EPS: JP¥52.65 (up from JP¥31.27 in 2Q 2024). Revenue: JP¥11.3b (up 6.5% from 2Q 2024). Net income: JP¥140.0m (up 71% from 2Q 2024). Profit margin: 1.2% (up from 0.8% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥60.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 04 December 2024. Payout ratio is a comfortable 28% and the cash payout ratio is 77%. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.4%). New Risk • Sep 17
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Market cap is less than US$100m (JP¥8.19b market cap, or US$58.2m). Announcement • Aug 27
Tokyo Printing Ink Mfg. Co., Ltd. to Report Q2, 2025 Results on Nov 07, 2024 Tokyo Printing Ink Mfg. Co., Ltd. announced that they will report Q2, 2025 results on Nov 07, 2024 Reported Earnings • Aug 09
First quarter 2025 earnings released: EPS: JP¥61.67 (vs JP¥115 in 1Q 2024) First quarter 2025 results: EPS: JP¥61.67 (down from JP¥115 in 1Q 2024). Revenue: JP¥11.0b (up 2.8% from 1Q 2024). Net income: JP¥164.0m (down 46% from 1Q 2024). Profit margin: 1.5% (down from 2.8% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥2,704, the stock trades at a trailing P/E ratio of 8.2x. Average trailing P/E is 12x in the Chemicals industry in Japan. Total returns to shareholders of 38% over the past three years. Declared Dividend • Jul 11
Final dividend of JP¥60.00 announced Shareholders will receive a dividend of JP¥60.00. Ex-date: 27th September 2024 Payment date: 4th December 2024 Dividend yield will be 3.6%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is covered by cash flows (51% cash payout ratio). The dividend has increased by an average of 2.9% 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. Announcement • Jun 27
Tokyo Printing Ink Mfg. Co., Ltd. to Report Q1, 2025 Results on Aug 07, 2024 Tokyo Printing Ink Mfg. Co., Ltd. announced that they will report Q1, 2025 results on Aug 07, 2024 Reported Earnings • May 18
Full year 2024 earnings released: EPS: JP¥336 (vs JP¥627 in FY 2023) Full year 2024 results: EPS: JP¥336 (down from JP¥627 in FY 2023). Revenue: JP¥43.9b (up 1.2% from FY 2023). Net income: JP¥881.0m (down 46% from FY 2023). Profit margin: 2.0% (down from 3.8% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 17
Tokyo Printing Ink Mfg. Co., Ltd. Provides Consolidated Earnings Guidance for the Six Months Ending September 30, 2024 and Full Year Ending March 31, 2025 Tokyo Printing Ink Mfg. Co., Ltd. provided consolidated earnings guidance for the six months ending September 30, 2024 and full year ending March 31, 2025. For the six months, the company expects net sales of JPY 22,000 million, operating profit of JPY 350 million, profit attributable to owners of parent of JPY 200 million and basic earnings per share of JPY 76.19. For the full year, the company expects net sales of JPY 46,000 million, operating profit of JPY 1,200 million, profit attributable to owners of parent of JPY 750 million and basic earnings per share of JPY 285.73. Announcement • May 16
Tokyo Printing Ink Mfg. Co., Ltd., Annual General Meeting, Jun 26, 2024 Tokyo Printing Ink Mfg. Co., Ltd., Annual General Meeting, Jun 26, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥60.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (2.1%). Announcement • Mar 02
Tokyo Printing Ink Mfg. Co., Ltd. to Report Fiscal Year 2024 Results on May 15, 2024 Tokyo Printing Ink Mfg. Co., Ltd. announced that they will report fiscal year 2024 results on May 15, 2024 Reported Earnings • Feb 10
Third quarter 2024 earnings released: EPS: JP¥154 (vs JP¥1,323 in 3Q 2023) Third quarter 2024 results: EPS: JP¥154 (down from JP¥1,323 in 3Q 2023). Revenue: JP¥11.7b (flat on 3Q 2023). Net income: JP¥403.0m (down 88% from 3Q 2023). Profit margin: 3.4% (down from 30% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 12% per year. Reported Earnings • Nov 08
Second quarter 2024 earnings released: EPS: JP¥31.27 (vs JP¥27.84 in 2Q 2023) Second quarter 2024 results: EPS: JP¥31.27 (up from JP¥27.84 in 2Q 2023). Revenue: JP¥10.6b (flat on 2Q 2023). Net income: JP¥82.0m (up 12% from 2Q 2023). Profit margin: 0.8% (up from 0.7% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥40.00 per share at 2.8% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 04 December 2023. Payout ratio is a comfortable 11% but the company is not cash flow positive. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (2.5%). Reported Earnings • Aug 08
First quarter 2024 earnings released: EPS: JP¥115 (vs JP¥15.26 in 1Q 2023) First quarter 2024 results: EPS: JP¥115 (up from JP¥15.26 in 1Q 2023). Revenue: JP¥10.7b (up 5.7% from 1Q 2023). Net income: JP¥301.0m (up JP¥261.0m from 1Q 2023). Profit margin: 2.8% (up from 0.4% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 19
Full year 2023 earnings released: EPS: JP¥627 (vs JP¥277 in FY 2022) Full year 2023 results: EPS: JP¥627 (up from JP¥277 in FY 2022). Revenue: JP¥43.4b (up 4.8% from FY 2022). Net income: JP¥1.65b (up 127% from FY 2022). Profit margin: 3.8% (up from 1.8% in FY 2022). Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: JP¥1,323 (vs JP¥102 in 3Q 2022) Third quarter 2023 results: EPS: JP¥1,323 (up from JP¥102 in 3Q 2022). Revenue: JP¥11.7b (up 8.2% from 3Q 2022). Net income: JP¥3.47b (up JP¥3.20b from 3Q 2022). Profit margin: 30% (up from 2.5% in 3Q 2022). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Nov 30
Tokyo Printing Ink Mfg. Co., Ltd. to Report Q3, 2023 Results on Feb 08, 2023 Tokyo Printing Ink Mfg. Co., Ltd. announced that they will report Q3, 2023 results on Feb 08, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: JP¥27.84 (vs JP¥80.47 in 2Q 2022) Second quarter 2023 results: EPS: JP¥27.84 (down from JP¥80.47 in 2Q 2022). Revenue: JP¥10.6b (up 4.6% from 2Q 2022). Net income: JP¥73.0m (down 65% from 2Q 2022). Profit margin: 0.7% (down from 2.1% in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 4% per year. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Outside Director Tsukasa Tachi 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 10
Second quarter 2023 earnings released: EPS: JP¥27.83 (vs JP¥80.47 in 2Q 2022) Second quarter 2023 results: EPS: JP¥27.83 (down from JP¥80.47 in 2Q 2022). Revenue: JP¥10.6b (up 4.6% from 2Q 2022). Net income: JP¥73.0m (down 65% from 2Q 2022). Profit margin: 0.7% (down from 2.1% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 4% per year. Announcement • Sep 29
Tokyo Printing Ink Mfg. Co., Ltd. to Report Q2, 2023 Results on Nov 08, 2022 Tokyo Printing Ink Mfg. Co., Ltd. announced that they will report Q2, 2023 results on Nov 08, 2022 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 02 December 2022. Payout ratio is a comfortable 37% but the company is not cash flow positive. Trailing yield: 3.5%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.9%). Reported Earnings • Aug 07
First quarter 2023 earnings released: EPS: JP¥15.25 (vs JP¥76.28 in 1Q 2022) First quarter 2023 results: EPS: JP¥15.25 (down from JP¥76.28 in 1Q 2022). Revenue: JP¥10.1b (flat on 1Q 2022). Net income: JP¥40.0m (down 80% from 1Q 2022). Profit margin: 0.4% (down from 2.0% in 1Q 2022). Over the last 3 years on average, earnings per share has remained flat and the company’s share price has also remained flat. Announcement • Jun 30
Tokyo Printing Ink Mfg. Co., Ltd. to Report Q1, 2023 Results on Aug 05, 2022 Tokyo Printing Ink Mfg. Co., Ltd. announced that they will report Q1, 2023 results on Aug 05, 2022 Reported Earnings • May 18
Full year 2022 earnings released: EPS: JP¥276 (vs JP¥229 in FY 2021) Full year 2022 results: EPS: JP¥276 (up from JP¥229 in FY 2021). Revenue: JP¥41.4b (up 8.5% from FY 2021). Net income: JP¥725.0m (up 21% from FY 2021). Profit margin: 1.8% (up from 1.6% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year and the company’s share price has also fallen by 2% per year. Announcement • May 15
Tokyo Printing Ink Mfg. Co., Ltd., Annual General Meeting, Jun 29, 2022 Tokyo Printing Ink Mfg. 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 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Outside Director Yasujiro Shigeta was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 08
Tokyo Printing Ink Mfg. Co., Ltd. to Report Fiscal Year 2022 Results on May 13, 2022 Tokyo Printing Ink Mfg. Co., Ltd. announced that they will report fiscal year 2022 results on May 13, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 28 June 2022. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 3.5%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (2.6%). Reported Earnings • Feb 09
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥102 (down from JP¥172 in 3Q 2021). Revenue: JP¥10.8b (up 3.8% from 3Q 2021). Net income: JP¥268.0m (down 41% from 3Q 2021). Profit margin: 2.5% (down from 4.3% in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 3% per year. Reported Earnings • Nov 10
Second quarter 2022 earnings released: EPS JP¥80.43 (vs JP¥60.24 loss in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥10.2b (up 13% from 2Q 2021). Net income: JP¥211.0m (up JP¥369.0m from 2Q 2021). Profit margin: 2.1% (up from net loss in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 02 December 2021. Trailing yield: 3.4%. Within top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (1.9%). Reported Earnings • Aug 09
First quarter 2022 earnings released: EPS JP¥76.25 (vs JP¥24.78 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥10.0b (up 15% from 1Q 2021). Net income: JP¥200.0m (up 208% from 1Q 2021). Profit margin: 2.0% (up from 0.7% in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Reported Earnings • May 23
Full year 2021 earnings released: EPS JP¥229 (vs JP¥216 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¥38.2b (down 10% from FY 2020). Net income: JP¥600.0m (up 3.1% from FY 2020). Profit margin: 1.6% (up from 1.4% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 29 June 2021. Trailing yield: 3.5%. Within top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.8%). Reported Earnings • Feb 10
Third quarter 2021 earnings released: EPS JP¥325 (vs JP¥117 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¥10.4b (down 9.0% from 3Q 2020). Net income: JP¥853.0m (up 171% from 3Q 2020). Profit margin: 8.2% (up from 2.8% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 24% per year whereas the company’s share price has fallen by 19% per year. Is New 90 Day High Low • Feb 09
New 90-day high: JP¥2,115 The company is up 9.0% from its price of JP¥1,944 on 11 November 2020. The Japanese market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 15% over the same period. Announcement • Jan 29
Tokyo Printing Ink Mfg. Co., Ltd. (TSE:4635) agreed to acquire Arakawa Toryo Kogyo Co., Ltd. from Kazuhiro Sawada. Tokyo Printing Ink Mfg. Co., Ltd. (TSE:4635) agreed to acquire Arakawa Toryo Kogyo Co., Ltd. from Kazuhiro Sawada on November 25, 2020. As on December 21, 2020, share transfer agreement was concluded. Tokyo Printing Ink Mfg. Co., Ltd. has conducted due diligence by a third-party organization, and after mutual consultation and it has calculated and determined a fair and reasonable amount. Post completion, Arakawa Toryo Kogyo Co., Ltd. will operate as a wholly owned subsidiary of Tokyo Printing Ink Mfg. Co., Ltd. For the fiscal year ending February 2020, Arakawa Toryo Kogyo Co., Ltd. reported total assets of ¥1.1 billion and sales of ¥1.3 billion. The Board of Tokyo Printing Ink Mfg. Co., Ltd. passed a resolution for the deal on November 25, 2020. The deal is expected to close on January 29, 2021. The impact of the acquisition of the shares on the full-year consolidated financial results for the fiscal year ending March 2021 is expected to be minor, but Tokyo Printing Ink Mfg. Co., Ltd. will promptly disclose any matters that should be disclosed in the future. Is New 90 Day High Low • Jan 22
New 90-day high: JP¥2,062 The company is up 4.0% from its price of JP¥1,986 on 23 October 2020. The Japanese market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 17% over the same period. Is New 90 Day High Low • Jan 06
New 90-day high: JP¥2,038 The company is up 2.0% from its price of JP¥1,999 on 08 October 2020. The Japanese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 14% over the same period. Announcement • Sep 12
Tokyo Printing Ink Mfg. Co., Ltd. to Report Q2, 2021 Results on Nov 06, 2020 Tokyo Printing Ink Mfg. Co., Ltd. announced that they will report Q2, 2021 results on Nov 06, 2020 Announcement • Jun 17
Tokyo Printing Ink Mfg. Co., Ltd. to Report Q1, 2021 Results on Aug 06, 2020 Tokyo Printing Ink Mfg. Co., Ltd. announced that they will report Q1, 2021 results on Aug 06, 2020