Announcement • May 09
JCU Corporation to Report Fiscal Year 2026 Results on May 12, 2026 JCU Corporation announced that they will report fiscal year 2026 results on May 12, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥54.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 12 June 2026. Payout ratio is a comfortable 23% but the company is paying out more than the cash it is generating. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (2.3%). New Risk • Mar 18
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Dividend per share is over 7x cash flows per share. Dividend yield: 1.8% 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 Dividend is not well covered by cash flows (dividend per share is over 7x cash flows per share). Share price has been volatile over the past 3 months (6.2% average weekly change). Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥5,740, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 14x in the Chemicals industry in Japan. Total returns to shareholders of 78% over the past three years. Reported Earnings • Feb 07
Third quarter 2026 earnings released: EPS: JP¥89.54 (vs JP¥83.66 in 3Q 2025) Third quarter 2026 results: EPS: JP¥89.54 (up from JP¥83.66 in 3Q 2025). Revenue: JP¥7.26b (down 9.3% from 3Q 2025). Net income: JP¥2.22b (up 5.5% from 3Q 2025). Profit margin: 31% (up from 26% in 3Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.3% 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 17% per year whereas the company’s share price has increased by 21% per year. Announcement • Dec 27
JCU Corporation to Report Q3, 2026 Results on Feb 05, 2026 JCU Corporation announced that they will report Q3, 2026 results on Feb 05, 2026 Valuation Update With 7 Day Price Move • Dec 11
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥5,180, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 13x in the Chemicals industry in Japan. Total returns to shareholders of 67% over the past three years. New Risk • Dec 10
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. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (41% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (6.7% average weekly change). Declared Dividend • Dec 02
First half dividend of JP¥41.00 announced Shareholders will receive a dividend of JP¥41.00. Ex-date: 30th March 2026 Payment date: 12th June 2026 Dividend yield will be 1.9%, which is lower than the industry average of 2.2%. Sustainability & Growth Dividend is covered by earnings (11% earnings payout ratio) but not covered by cash flows (dividend approximately 5x free cash flows). 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. EPS is expected to grow by 15% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 08
Second quarter 2026 earnings released: EPS: JP¥93.82 (vs JP¥74.18 in 2Q 2025) Second quarter 2026 results: EPS: JP¥93.82 (up from JP¥74.18 in 2Q 2025). Revenue: JP¥7.22b (up 5.8% from 2Q 2025). Net income: JP¥2.34b (up 25% from 2Q 2025). Profit margin: 32% (up from 28% in 2Q 2025). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 11% per year. Announcement • Sep 23
JCU Corporation to Report Q2, 2026 Results on Nov 07, 2025 JCU Corporation announced that they will report Q2, 2026 results on Nov 07, 2025 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥41.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 02 December 2025. Payout ratio is a comfortable 24% but the company is paying out more than the cash it is generating. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (2.6%). Announcement • Aug 08
JCU Corporation (TSE:4975) announces an Equity Buyback for 600,000 shares, representing 2.41% for ¥1,500 million. JCU Corporation (TSE:4975) announces a share repurchase program. Under the program, the company will repurchase up to 600,000 shares, representing 2.41% of its issued share capital (excluding treasury stock), for a total purchase price of ¥1,500 million. The program is in line with shareholder return policy in the capital policy of the medium-term management plan "JCU VISION 2035 -1st stage. The repurchased shares will be cancelled. The program will continue through March 24, 2026. As of August 7, 2025, the company had 24,921,192 issued shares (excluding treasury stock) and 1,608,757 treasury shares. Reported Earnings • Aug 08
First quarter 2026 earnings released: EPS: JP¥81.22 (vs JP¥59.53 in 1Q 2025) First quarter 2026 results: EPS: JP¥81.22 (up from JP¥59.53 in 1Q 2025). Revenue: JP¥7.04b (up 19% from 1Q 2025). Net income: JP¥2.02b (up 34% from 1Q 2025). Profit margin: 29% (up from 26% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 4% per year. Declared Dividend • Jul 09
Final dividend of JP¥41.00 announced Shareholders will receive a dividend of JP¥41.00. Ex-date: 29th September 2025 Payment date: 2nd December 2025 Dividend yield will be 2.5%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by earnings (25% earnings payout ratio) but not covered by cash flows (109% cash payout ratio). The dividend has increased by an average of 17% 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 22% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 13
JCU Corporation to Report Q1, 2026 Results on Aug 07, 2025 JCU Corporation announced that they will report Q1, 2026 results on Aug 07, 2025 New Risk • May 26
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 97% Dividend yield: 2.4% 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 High level of non-cash earnings (30% accrual ratio). Minor Risk Dividend is not well covered by cash flows (97% cash payout ratio). Reported Earnings • May 15
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: JP¥298 (up from JP¥217 in FY 2024). Revenue: JP¥28.4b (up 14% from FY 2024). Net income: JP¥7.50b (up 36% from FY 2024). Profit margin: 26% (up from 22% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 2.2%. 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 4% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • May 13
JCU Corporation, Annual General Meeting, Jun 26, 2025 JCU Corporation, Annual General Meeting, Jun 26, 2025. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥37.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 12 June 2025. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (2.6%). Announcement • Mar 01
JCU Corporation to Report Fiscal Year 2025 Results on May 13, 2025 JCU Corporation announced that they will report fiscal year 2025 results on May 13, 2025 Reported Earnings • Feb 08
Third quarter 2025 earnings released: EPS: JP¥83.66 (vs JP¥61.74 in 3Q 2024) Third quarter 2025 results: EPS: JP¥83.66 (up from JP¥61.74 in 3Q 2024). Revenue: JP¥8.00b (up 26% from 3Q 2024). Net income: JP¥2.10b (up 34% from 3Q 2024). Profit margin: 26% (up from 25% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.0% 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 1% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Dec 10
JCU Corporation to Report Q3, 2025 Results on Feb 06, 2025 JCU Corporation announced that they will report Q3, 2025 results on Feb 06, 2025 Reported Earnings • Nov 09
Second quarter 2025 earnings released: EPS: JP¥74.18 (vs JP¥48.19 in 2Q 2024) Second quarter 2025 results: EPS: JP¥74.18 (up from JP¥48.19 in 2Q 2024). Revenue: JP¥6.82b (up 21% from 2Q 2024). Net income: JP¥1.88b (up 52% from 2Q 2024). Profit margin: 28% (up from 22% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.3% 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 fallen by 2% per year whereas the company’s share price has fallen by 7% per year. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥37.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 04 December 2024. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (2.4%). Announcement • Aug 27
JCU Corporation to Report Q2, 2025 Results on Nov 07, 2024 JCU Corporation announced that they will report Q2, 2025 results on Nov 07, 2024 Reported Earnings • Aug 09
First quarter 2025 earnings released: EPS: JP¥59.53 (vs JP¥36.84 in 1Q 2024) First quarter 2025 results: EPS: JP¥59.53 (up from JP¥36.84 in 1Q 2024). Revenue: JP¥5.91b (up 13% from 1Q 2024). Net income: JP¥1.51b (up 60% from 1Q 2024). Profit margin: 26% (up from 18% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.1% 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 fallen by 2% per year whereas the company’s share price has fallen by 7% per year. Announcement • Aug 07
JCU Corporation (TSE:4975) announces an Equity Buyback for 700,000 shares, representing 2.76% for ¥1,500 million. JCU Corporation (TSE:4975) announces a share repurchase program. Under the program, the company will repurchase up to 700,000 shares, representing 2.76% of its issued share capital (excluding treasury stock), for a total purchase price of ¥1,500 million. The purpose of the program is to cancellation of treasury stock in order to carry out a flexible capital policy. The repurchased shares will be cancelled. The program will continue through March 24, 2025. As of August 7, 2024, the company had 25,340,179 issued shares (excluding treasury stock) and 1,608,670 treasury shares. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to JP¥3,055, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Chemicals industry in Japan. Total loss to shareholders of 19% over the past three years. Reported Earnings • May 12
Full year 2024 earnings: EPS in line with analyst expectations despite revenue beat Full year 2024 results: EPS: JP¥217 (down from JP¥233 in FY 2023). Revenue: JP¥24.9b (down 8.4% from FY 2023). Net income: JP¥5.53b (down 8.0% from FY 2023). Profit margin: 22% (in line with FY 2023). Revenue exceeded analyst estimates by 3.6%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 9.4% p.a. on average during the next 2 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 remained flat and the company’s share price has also remained flat. Announcement • May 12
JCU Corporation, Annual General Meeting, Jun 26, 2024 JCU Corporation, Annual General Meeting, Jun 26, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥35.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 14 June 2024. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (2.1%). Announcement • Mar 02
JCU Corporation to Report Q4, 2024 Results on May 10, 2024 JCU Corporation announced that they will report Q4, 2024 results on May 10, 2024 Major Estimate Revision • Feb 14
Consensus EPS estimates increase by 15%, revenue downgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from JP¥25.0b to JP¥24.0b. EPS estimate rose from JP¥188 to JP¥217. Net income forecast to grow 47% next year vs 20% growth forecast for Chemicals industry in Japan. Consensus price target of JP¥5,000 unchanged from last update. Share price rose 4.2% to JP¥3,955 over the past week. Reported Earnings • Feb 09
Third quarter 2024 earnings released: EPS: JP¥61.74 (vs JP¥70.62 in 3Q 2023) Third quarter 2024 results: EPS: JP¥61.74 (down from JP¥70.62 in 3Q 2023). Revenue: JP¥6.35b (down 16% from 3Q 2023). Net income: JP¥1.57b (down 14% from 3Q 2023). Profit margin: 25% (in line with 3Q 2023). Revenue is forecast to grow 13% 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 3% per year whereas the company’s share price has increased by 4% per year. Announcement • Nov 29
JCU Corporation to Report Q3, 2024 Results on Feb 07, 2024 JCU Corporation announced that they will report Q3, 2024 results on Feb 07, 2024 Reported Earnings • Nov 08
Second quarter 2024 earnings released: EPS: JP¥48.18 (vs JP¥66.28 in 2Q 2023) Second quarter 2024 results: EPS: JP¥48.18 (down from JP¥66.28 in 2Q 2023). Revenue: JP¥5.64b (down 19% from 2Q 2023). Net income: JP¥1.23b (down 28% from 2Q 2023). Profit margin: 22% (down from 25% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥35.00 per share at 2.2% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 05 December 2023. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.3%). Lower than average of industry peers (2.5%). Announcement • Aug 05
JCU Corporation to Report Q2, 2024 Results on Nov 07, 2023 JCU Corporation announced that they will report Q2, 2024 results on Nov 07, 2023 Announcement • Aug 04
JCU Corporation (TSE:4975) announces an Equity Buyback for 450,000 shares, representing 1.65% for ¥1,000 million. JCU Corporation (TSE:4975) announces a share repurchase program. Under the program, the company will repurchase up to 450,000 shares, representing 1.65% of its issued share capital (excluding treasury stock), for a total purchase price of ¥1,000 million. The purpose of the program is to cancellation of treasury stock in order to carry out a flexible capital policy. The repurchased shares will be cancelled. The program will continue through January 31, 2024. As of August 3, 2023, the company had 27,235,477 issued shares (excluding treasury stock) and 1,608,570 treasury shares. Reported Earnings • Aug 04
First quarter 2024 earnings released: EPS: JP¥36.84 (vs JP¥61.97 in 1Q 2023) First quarter 2024 results: EPS: JP¥36.84 (down from JP¥61.97 in 1Q 2023). Revenue: JP¥5.23b (down 15% from 1Q 2023). Net income: JP¥944.0m (down 41% from 1Q 2023). Profit margin: 18% (down from 26% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • May 28
JCU Corporation to Report Q1, 2024 Results on Aug 03, 2023 JCU Corporation announced that they will report Q1, 2024 results on Aug 03, 2023 Major Estimate Revision • May 19
Consensus revenue estimates fall by 11% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from JP¥28.0b to JP¥25.0b. EPS estimate fell from JP¥252 to JP¥187 per share. Net income forecast to shrink 20% next year vs 4.0% growth forecast for Chemicals industry in Japan . Consensus price target of JP¥5,000 unchanged from last update. Share price rose 4.9% to JP¥3,455 over the past week. Reported Earnings • May 13
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: JP¥233 (down from JP¥244 in FY 2022). Revenue: JP¥27.1b (up 12% from FY 2022). Net income: JP¥6.01b (down 5.6% from FY 2022). Profit margin: 22% (down from 26% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) missed analyst estimates by 6.4%. Revenue is forecast to grow 6.3% p.a. on average during the next 2 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 18% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • May 13
JCU Corporation, Annual General Meeting, Jun 28, 2023 JCU Corporation, Annual General Meeting, Jun 28, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥33.00 per share at 2.1% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 14 June 2023. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 2.1%. 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¥70.62 (vs JP¥59.14 in 3Q 2022) Third quarter 2023 results: EPS: JP¥70.62 (up from JP¥59.14 in 3Q 2022). Revenue: JP¥7.59b (up 23% from 3Q 2022). Net income: JP¥1.83b (up 19% from 3Q 2022). Profit margin: 24% (in line with 3Q 2022). Revenue is forecast to grow 7.4% 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 20% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Nov 27
JCU Corporation to Report Q3, 2023 Results on Feb 03, 2023 JCU Corporation announced that they will report Q3, 2023 results on Feb 03, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: JP¥66.28 (vs JP¥64.37 in 2Q 2022) Second quarter 2023 results: EPS: JP¥66.28 (up from JP¥64.37 in 2Q 2022). Revenue: JP¥6.96b (up 13% from 2Q 2022). Net income: JP¥1.72b (up 1.8% from 2Q 2022). Profit margin: 25% (down from 28% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. 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. 4 experienced directors. 2 highly experienced directors. No independent directors (6 non-independent directors). MD, Managing Executive Officer, GM of Administration Headquarters & Director Hirofumi Ikegawa was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Announcement • Nov 09
JCU Corporation (TSE:4975) announces an Equity Buyback for 450,000 shares, representing 1.73% for ¥1,000 million. JCU Corporation (TSE:4975) announces a share repurchase program. Under the program, the company will repurchase up to 450,000 shares, representing 1.73% of its issued share capital (excluding treasury stock), for a total purchase price of ¥1,000 million. The purpose of the program is to cancellation of treasury stock in order to carry out a flexible capital policy. The repurchased shares will be cancelled. The program will continue through March 31, 2023. As of November 7, 2022, the company had 25,939,003 issued shares (excluding treasury stock) and 1,608,474 treasury shares. Reported Earnings • Nov 09
Second quarter 2023 earnings released: EPS: JP¥66.28 (vs JP¥64.37 in 2Q 2022) Second quarter 2023 results: EPS: JP¥66.28 (up from JP¥64.37 in 2Q 2022). Revenue: JP¥6.96b (up 13% from 2Q 2022). Net income: JP¥1.72b (up 1.8% from 2Q 2022). Profit margin: 25% (down from 28% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.1% 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 19% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥33.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 06 December 2022. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (2.9%). Announcement • Aug 26
JCU Corporation to Report Q2, 2023 Results on Nov 07, 2022 JCU Corporation announced that they will report Q2, 2023 results on Nov 07, 2022 Reported Earnings • Aug 05
First quarter 2023 earnings released: EPS: JP¥61.97 (vs JP¥52.94 in 1Q 2022) First quarter 2023 results: EPS: JP¥61.97 (up from JP¥52.94 in 1Q 2022). Revenue: JP¥6.16b (up 12% from 1Q 2022). Net income: JP¥1.61b (up 16% from 1Q 2022). Profit margin: 26% (in line with 1Q 2022). Over the next year, revenue is forecast to grow 11%, compared to a 9.8% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 22% per year. Announcement • Jun 09
JCU Corporation to Report Q1, 2023 Results on Aug 03, 2022 JCU Corporation announced that they will report Q1, 2023 results on Aug 03, 2022 Reported Earnings • May 13
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: JP¥244 (up from JP¥178 in FY 2021). Revenue: JP¥24.3b (up 14% from FY 2021). Net income: JP¥6.37b (up 35% from FY 2021). Profit margin: 26% (up from 22% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.8%. Over the next year, revenue is forecast to grow 10.0%, compared to a 7.6% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 13% 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 13
JCU Corporation, Annual General Meeting, Jun 28, 2022 JCU Corporation, Annual General Meeting, Jun 28, 2022. Board Change • Apr 27
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. 7 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). Standing Corporate Auditor Takashi Nakazawa was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Announcement • Apr 08
JCU Corporation to Report Fiscal Year 2022 Results on May 11, 2022 JCU Corporation announced that they will report fiscal year 2022 results on May 11, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 10 June 2022. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (2.6%). Reported Earnings • Feb 07
Third quarter 2022 earnings: EPS exceeds analyst expectations Third quarter 2022 results: EPS: JP¥59.14 (up from JP¥52.86 in 3Q 2021). Revenue: JP¥6.19b (up 7.6% from 3Q 2021). Net income: JP¥1.54b (up 11% from 3Q 2021). Profit margin: 25% (in line with 3Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.6%. Over the next year, revenue is forecast to grow 10%, compared to a 6.8% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 05
Second quarter 2022 earnings released: EPS JP¥64.36 (vs JP¥39.24 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥6.14b (up 29% from 2Q 2021). Net income: JP¥1.69b (up 62% from 2Q 2021). Profit margin: 28% (up from 22% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥27.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 07 December 2021. Trailing yield: 1.1%. Lower than top quartile of Japanese dividend payers (3.0%). Lower than average of industry peers (1.9%). Valuation Update With 7 Day Price Move • Sep 14
Investor sentiment improved over the past week After last week's 17% share price gain to JP¥4,750, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 12x in the Chemicals industry in Japan. Total returns to shareholders of 93% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥6,335 per share. Announcement • Aug 05
JCU Corporation (TSE:4975) announces an Equity Buyback for 470,000 shares, representing 1.69% for ¥1,500 million. JCU Corporation (TSE:4975) announces a share repurchase program. Under the program, the company will repurchase 470,000 shares, representing 1.69% of its share capital, for ¥1,500 million. The company will repurchase its shares in order to carry out agile capital policy. The repurchased treasury shares will be cancelled. The program will run until March 31, 2022. As of August 4, 2021, the company had 27,865,318 shares in issue(excluding treasury shares) and 1,608,440 shares in treasury. Reported Earnings • Aug 05
First quarter 2022 earnings released: EPS JP¥52.94 (vs JP¥36.63 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥5.52b (up 12% from 1Q 2021). Net income: JP¥1.39b (up 43% from 1Q 2021). Profit margin: 25% (up from 20% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Reported Earnings • May 12
Full year 2021 earnings released: EPS JP¥178 (vs JP¥164 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¥21.2b (down 5.0% from FY 2020). Net income: JP¥4.71b (up 6.6% from FY 2020). Profit margin: 22% (up from 20% in FY 2020). The increase in margin was driven by lower 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 12% per year, which means it is well ahead of earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 11 June 2021. Trailing yield: 1.3%. Lower than top quartile of Japanese dividend payers (2.7%). Lower than average of industry peers (1.8%). Announcement • Mar 04
JCU Corporation to Report Fiscal Year 2021 Results on May 10, 2021 JCU Corporation announced that they will report fiscal year 2021 results on May 10, 2021 Is New 90 Day High Low • Feb 17
New 90-day low: JP¥3,445 The company is down 1.0% from its price of JP¥3,475 on 19 November 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 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥3,854 per share. Reported Earnings • Feb 05
Third quarter 2021 earnings released: EPS JP¥52.86 (vs JP¥48.14 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¥5.75b (down 1.5% from 3Q 2020). Net income: JP¥1.39b (up 7.2% from 3Q 2020). Profit margin: 24% (up from 22% 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 4% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Feb 05
Revenue beats expectations Revenue exceeded analyst estimates by 0.9%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 5.6%, compared to a 6.0% growth forecast for the Chemicals industry in Japan. Is New 90 Day High Low • Jan 25
New 90-day high: JP¥4,040 The company is up 21% from its price of JP¥3,345 on 27 October 2020. The Japanese market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥3,746 per share. Is New 90 Day High Low • Dec 29
New 90-day high: JP¥3,990 The company is up 15% from its price of JP¥3,460 on 30 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥3,752 per share. Announcement • Dec 03
JCU Corporation to Report Q3, 2021 Results on Feb 03, 2021 JCU Corporation announced that they will report Q3, 2021 results on Feb 03, 2021 Is New 90 Day High Low • Dec 01
New 90-day high: JP¥3,855 The company is up 9.0% from its price of JP¥3,530 on 02 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Chemicals industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥3,277 per share. Price Target Changed • Dec 01
Price target raised to JP¥3,350 Up from JP¥2,900, the current price target is an average from 3 analysts. The new target price is 13% below the current share price of JP¥3,855. As of last close, the stock is up 30% over the past year. Announcement • Sep 12
JCU Corporation to Report Q2, 2021 Results on Nov 04, 2020 JCU Corporation announced that they will report Q2, 2021 results on Nov 04, 2020 Announcement • Jun 28
JCU Corporation to Report Q1, 2021 Results on Aug 04, 2020 JCU Corporation announced that they will report Q1, 2021 results on Aug 04, 2020