New Risk • Jul 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 8.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 3.7% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.4% average weekly change). Valuation Update With 7 Day Price Move • Jul 10
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to JP¥2,320, the stock trades at a trailing P/E ratio of 14x. Average trailing P/E is 14x in the Chemicals industry in Japan. Total returns to shareholders of 123% over the past three years. New Risk • May 29
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 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 3.7% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.0% average weekly change). Valuation Update With 7 Day Price Move • May 27
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥1,881, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 13x in the Chemicals industry in Japan. Total returns to shareholders of 87% over the past three years. New Risk • Apr 16
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥15.9b (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: Major Risk Earnings have declined by 3.7% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.9% average weekly change). Market cap is less than US$100m (JP¥15.9b market cap, or US$100.0m). Reported Earnings • Apr 15
Full year 2026 earnings released: EPS: JP¥166 (vs JP¥110 in FY 2025) Full year 2026 results: EPS: JP¥166 (up from JP¥110 in FY 2025). Revenue: JP¥34.9b (up 1.4% from FY 2025). Net income: JP¥1.53b (up 51% from FY 2025). Profit margin: 4.4% (up from 2.9% in FY 2025). Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 15% per year. Announcement • Apr 14
MORESCO Corporation, Annual General Meeting, May 27, 2026 MORESCO Corporation, Annual General Meeting, May 27, 2026. Buy Or Sell Opportunity • Apr 13
Now 21% undervalued Over the last 90 days, the stock has risen 15% to JP¥1,764. The fair value is estimated to be JP¥2,219, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.3% over the last 3 years. Earnings per share has grown by 16%. Announcement • Apr 07
MORESCO Corporation to Report Fiscal Year 2026 Results on Apr 14, 2026 MORESCO Corporation announced that they will report fiscal year 2026 results on Apr 14, 2026 Buy Or Sell Opportunity • Mar 23
Now 20% undervalued Over the last 90 days, the stock has risen 19% to JP¥1,765. The fair value is estimated to be JP¥2,207, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.3% over the last 3 years. Earnings per share has grown by 16%. Upcoming Dividend • Feb 19
Upcoming dividend of JP¥35.00 per share Eligible shareholders must have bought the stock before 26 February 2026. Payment date: 01 June 2026. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.4%). In line with average of industry peers (2.2%). New Risk • Jan 23
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 5.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 2.6% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.4% average weekly change). Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to JP¥1,871, the stock trades at a trailing P/E ratio of 12.5x. Average trailing P/E is 13x in the Chemicals industry in Japan. Total returns to shareholders of 75% over the past three years. Reported Earnings • Jan 14
Third quarter 2026 earnings released: EPS: JP¥72.90 (vs JP¥26.50 in 3Q 2025) Third quarter 2026 results: EPS: JP¥72.90 (up from JP¥26.50 in 3Q 2025). Revenue: JP¥8.71b (down 1.2% from 3Q 2025). Net income: JP¥669.0m (up 175% from 3Q 2025). Profit margin: 7.7% (up from 2.8% in 3Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 15% per year. Announcement • Nov 01
MORESCO Corporation to Report Q3, 2026 Results on Jan 13, 2026 MORESCO Corporation announced that they will report Q3, 2026 results on Jan 13, 2026 Reported Earnings • Oct 15
Second quarter 2026 earnings released: EPS: JP¥29.32 (vs JP¥35.56 in 2Q 2025) Second quarter 2026 results: EPS: JP¥29.32 (down from JP¥35.56 in 2Q 2025). Revenue: JP¥8.35b (down 5.6% from 2Q 2025). Net income: JP¥269.0m (down 18% from 2Q 2025). Profit margin: 3.2% (down from 3.7% in 2Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 9% per year. Announcement • Aug 28
MORESCO Corporation to Report Q2, 2026 Results on Oct 14, 2025 MORESCO Corporation announced that they will report Q2, 2026 results on Oct 14, 2025 Upcoming Dividend • Aug 21
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 28 August 2025. Payment date: 12 November 2025. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.6%). Reported Earnings • Jul 14
First quarter 2026 earnings released: EPS: JP¥25.84 (vs JP¥27.25 in 1Q 2025) First quarter 2026 results: EPS: JP¥25.84 (down from JP¥27.25 in 1Q 2025). Revenue: JP¥8.52b (up 3.2% from 1Q 2025). Net income: JP¥237.0m (down 5.2% from 1Q 2025). Profit margin: 2.8% (down from 3.0% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jun 04
Full year 2025 earnings released: EPS: JP¥110 (vs JP¥139 in FY 2024) Full year 2025 results: EPS: JP¥110 (down from JP¥139 in FY 2024). Revenue: JP¥34.4b (up 7.8% from FY 2024). Net income: JP¥1.01b (down 21% from FY 2024). Profit margin: 2.9% (down from 4.0% in FY 2024). The decrease in margin was driven by higher expenses. 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 1% per year. Announcement • May 27
MORESCO Corporation to Report Q1, 2026 Results on Jul 10, 2025 MORESCO Corporation announced that they will report Q1, 2026 results on Jul 10, 2025 Reported Earnings • Apr 12
Full year 2025 earnings released: EPS: JP¥110 (vs JP¥139 in FY 2024) Full year 2025 results: EPS: JP¥110 (down from JP¥139 in FY 2024). Revenue: JP¥34.4b (up 7.8% from FY 2024). Net income: JP¥1.01b (down 21% from FY 2024). Profit margin: 2.9% (down from 4.0% in FY 2024). The decrease in margin was driven by higher expenses. 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 1% per year. Announcement • Apr 11
MORESCO Corporation, Annual General Meeting, May 29, 2025 MORESCO Corporation, Annual General Meeting, May 29, 2025. Upcoming Dividend • Feb 20
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 27 February 2025. Payment date: 31 May 2025. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.7%). Announcement • Feb 04
MORESCO Corporation to Report Fiscal Year 2025 Results on Apr 11, 2025 MORESCO Corporation announced that they will report fiscal year 2025 results on Apr 11, 2025 New Risk • Jan 15
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.3% Last year net profit margin: 3.9% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (2.3% net profit margin). Market cap is less than US$100m (JP¥12.1b market cap, or US$76.7m). Reported Earnings • Jan 15
Third quarter 2025 earnings released: EPS: JP¥26.50 (vs JP¥82.97 in 3Q 2024) Third quarter 2025 results: EPS: JP¥26.50 (down from JP¥82.97 in 3Q 2024). Revenue: JP¥8.82b (up 5.6% from 3Q 2024). Net income: JP¥243.0m (down 68% from 3Q 2024). Profit margin: 2.8% (down from 9.2% in 3Q 2024). The decrease in margin was driven by higher expenses. 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 6% per year, which means it is well ahead of earnings. Announcement • Oct 29
MORESCO Corporation to Report Q3, 2025 Results on Jan 14, 2025 MORESCO Corporation announced that they will report Q3, 2025 results on Jan 14, 2025 Reported Earnings • Oct 16
Second quarter 2025 earnings released: EPS: JP¥35.56 (vs JP¥37.37 in 2Q 2024) Second quarter 2025 results: EPS: JP¥35.56 (down from JP¥37.37 in 2Q 2024). Revenue: JP¥8.85b (up 14% from 2Q 2024). Net income: JP¥326.0m (down 5.5% from 2Q 2024). Profit margin: 3.7% (down from 4.4% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Aug 22
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 29 August 2024. Payment date: 13 November 2024. Payout ratio is a comfortable 28% but the company is paying out more than the cash it is generating. Trailing yield: 3.6%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.4%). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to JP¥1,070, the stock trades at a trailing P/E ratio of 7.5x. Average trailing P/E is 12x in the Chemicals industry in Japan. Total returns to shareholders of 3.8% over the past three years. Announcement • Jul 27
MORESCO Corporation to Report Q2, 2025 Results on Oct 11, 2024 MORESCO Corporation announced that they will report Q2, 2025 results on Oct 11, 2024 Reported Earnings • Jul 16
First quarter 2025 earnings released: EPS: JP¥27.25 (vs JP¥24.28 in 1Q 2024) First quarter 2025 results: EPS: JP¥27.25 (up from JP¥24.28 in 1Q 2024). Revenue: JP¥8.25b (up 8.7% from 1Q 2024). Net income: JP¥250.0m (up 12% from 1Q 2024). Profit margin: 3.0% (in line with 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Announcement • May 03
MORESCO Corporation to Report Q1, 2025 Results on Jul 12, 2024 MORESCO Corporation announced that they will report Q1, 2025 results on Jul 12, 2024 Reported Earnings • Apr 14
Full year 2024 earnings released: EPS: JP¥139 (vs JP¥66.24 in FY 2023) Full year 2024 results: EPS: JP¥139 (up from JP¥66.24 in FY 2023). Revenue: JP¥31.9b (up 5.1% from FY 2023). Net income: JP¥1.28b (up 109% from FY 2023). Profit margin: 4.0% (up from 2.0% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Announcement • Apr 14
MORESCO Corporation, Annual General Meeting, May 30, 2024 MORESCO Corporation, Annual General Meeting, May 30, 2024. Announcement • Feb 22
MORESCO Corporation (TSE:5018) announces an Equity Buyback for 80,000 shares, representing 0.87% for ¥100 million. MORESCO Corporation (TSE:5018) announces a share repurchase program. Under the program, the company will repurchase 80,000 shares, representing 0.87% of its share capital, for ¥100 million. The purpose of the program is implementation of a flexible capital policy in response to changes in the business environment and enhancing shareholder returns. The program will expire on April 30, 2024. As of November 30, 2023, the company had 9,232,780 shares outstanding and 463,720 shares in treasury. Upcoming Dividend • Feb 21
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 28 February 2024. Payment date: 31 May 2024. Payout ratio is a comfortable 30% 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 (2.2%). Announcement • Jan 31
MORESCO Corporation to Report Fiscal Year 2024 Results on Apr 12, 2024 MORESCO Corporation announced that they will report fiscal year 2024 results on Apr 12, 2024 Reported Earnings • Jan 16
Third quarter 2024 earnings released: EPS: JP¥82.97 (vs JP¥23.30 in 3Q 2023) Third quarter 2024 results: EPS: JP¥82.97 (up from JP¥23.30 in 3Q 2023). Revenue: JP¥8.35b (up 4.9% from 3Q 2023). Net income: JP¥766.0m (up 256% from 3Q 2023). Profit margin: 9.2% (up from 2.7% in 3Q 2023). The increase in margin was primarily 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 9% per year, which means it is well ahead of earnings. Announcement • Nov 03
MORESCO Corporation to Report Q3, 2024 Results on Jan 15, 2024 MORESCO Corporation announced that they will report Q3, 2024 results on Jan 15, 2024 Reported Earnings • Oct 13
Second quarter 2024 earnings released: EPS: JP¥37.37 (vs JP¥20.11 in 2Q 2023) Second quarter 2024 results: EPS: JP¥37.37 (up from JP¥20.11 in 2Q 2023). Revenue: JP¥7.79b (up 4.2% from 2Q 2023). Net income: JP¥345.0m (up 85% from 2Q 2023). Profit margin: 4.4% (up from 2.5% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Announcement • Aug 30
MORESCO Corporation (TSE:5018) agreed to acquire remaining 50% take in Wuxi Moretex Technology from Tex Year Technology Corp. for approximately ¥450 million. MORESCO Corporation (TSE:5018) agreed to acquire remaining 50% take in Wuxi Moretex Technology from Tex Year Technology Corp. for approximately ¥450 million on August 28, 2023. Upcoming Dividend • Aug 23
Upcoming dividend of JP¥20.00 per share at 3.4% yield Eligible shareholders must have bought the stock before 30 August 2023. Payment date: 13 November 2023. Payout ratio is a comfortable 71% but the company is not cash flow positive. Trailing yield: 3.4%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (2.6%). Announcement • Jul 30
MORESCO Corporation to Report Q2, 2023 Results on Oct 12, 2023 MORESCO Corporation announced that they will report Q2, 2023 results on Oct 12, 2023 Reported Earnings • Jul 17
First quarter 2024 earnings released: EPS: JP¥24.28 (vs JP¥33.80 in 1Q 2023) First quarter 2024 results: EPS: JP¥24.28 (down from JP¥33.80 in 1Q 2023). Revenue: JP¥7.60b (up 7.7% from 1Q 2023). Net income: JP¥224.0m (down 29% from 1Q 2023). Profit margin: 2.9% (down from 4.5% in 1Q 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 whereas the company’s share price has increased by 4% per year. Reported Earnings • Jun 02
Full year 2023 earnings released: EPS: JP¥66.24 (vs JP¥193 in FY 2022) Full year 2023 results: EPS: JP¥66.24 (down from JP¥193 in FY 2022). Revenue: JP¥30.3b (up 11% from FY 2022). Net income: JP¥615.0m (down 66% from FY 2022). Profit margin: 2.0% (down from 6.6% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 13
Full year 2023 earnings released: EPS: JP¥66.24 (vs JP¥193 in FY 2022) Full year 2023 results: EPS: JP¥66.24 (down from JP¥193 in FY 2022). Revenue: JP¥30.3b (up 11% from FY 2022). Net income: JP¥615.0m (down 66% from FY 2022). Profit margin: 2.0% (down from 6.6% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Feb 20
Upcoming dividend of JP¥20.00 per share at 3.3% yield Eligible shareholders must have bought the stock before 27 February 2023. Payment date: 30 May 2023. Payout ratio is a comfortable 47% but the company is paying out more than the cash it is generating. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.8%). Announcement • Jan 31
MORESCO Corporation to Report Fiscal Year 2023 Results on Apr 11, 2023 MORESCO Corporation announced that they will report fiscal year 2023 results on Apr 11, 2023 Reported Earnings • Jan 14
Third quarter 2023 earnings released: EPS: JP¥23.30 (vs JP¥39.55 in 3Q 2022) Third quarter 2023 results: EPS: JP¥23.30 (down from JP¥39.55 in 3Q 2022). Revenue: JP¥7.96b (up 13% from 3Q 2022). Net income: JP¥215.0m (down 42% from 3Q 2022). Profit margin: 2.7% (down from 5.3% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. 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. 7 experienced directors. 5 highly experienced directors. No independent directors (9 non-independent directors). CFO & Director Takashi Takeuchi was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Announcement • Oct 31
MORESCO Corporation to Report Q3, 2023 Results on Jan 13, 2023 MORESCO Corporation announced that they will report Q3, 2023 results on Jan 13, 2023 Reported Earnings • Oct 15
Second quarter 2023 earnings released: EPS: JP¥20.11 (vs JP¥28.15 in 2Q 2022) Second quarter 2023 results: EPS: JP¥20.11 (down from JP¥28.15 in 2Q 2022). Revenue: JP¥7.47b (up 11% from 2Q 2022). Net income: JP¥187.0m (down 29% from 2Q 2022). Profit margin: 2.5% (down from 3.9% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Upcoming Dividend • Aug 23
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 30 August 2022. Payment date: 11 November 2022. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.7%). Announcement • Jul 31
MORESCO Corporation to Report Q2, 2023 Results on Oct 13, 2022 MORESCO Corporation announced that they will report Q2, 2023 results on Oct 13, 2022 Reported Earnings • Jul 15
First quarter 2023 earnings released: EPS: JP¥33.80 (vs JP¥117 in 1Q 2022) First quarter 2023 results: EPS: JP¥33.80 (down from JP¥117 in 1Q 2022). Revenue: JP¥7.05b (up 5.9% from 1Q 2022). Net income: JP¥317.0m (down 71% from 1Q 2022). Profit margin: 4.5% (down from 17% in 1Q 2022). The decrease in margin was driven by higher expenses. 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 8% per year, which means it is significantly lagging earnings. Announcement • Jul 14
MORESCO Corporation (TSE:5018) announces an Equity Buyback for 180,000 shares, representing 1.92% for ¥216 million. MORESCO Corporation (TSE:5018) announces a share repurchase program. Under the program, the company will repurchase 180,000 shares, representing 1.92% of its share capital, for ¥216 million. The offer price is ¥1200 per share. The purpose of the program is implementation of a flexible capital policy in response to changes in the business environment. The program will expire on July 14, 2022. As of July 13, 2022, the company had 9,389,530 shares outstanding and 306,970 shares in treasury. Reported Earnings • Jun 02
Full year 2022 earnings released: EPS: JP¥193 (vs JP¥54.11 in FY 2021) Full year 2022 results: EPS: JP¥193 (up from JP¥54.11 in FY 2021). Revenue: JP¥27.3b (up 12% from FY 2021). Net income: JP¥1.81b (up 249% from FY 2021). Profit margin: 6.6% (up from 2.1% in FY 2021). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • May 04
MORESCO Corporation to Report Q1, 2023 Results on Jul 13, 2022 MORESCO Corporation announced that they will report Q1, 2023 results on Jul 13, 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. 4 highly experienced directors. No independent directors (7 non-independent directors). CFO & Director Takashi Takeuchi was the last director to join the board, commencing their role in 2018. 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 15
MORESCO Corporation, Annual General Meeting, May 27, 2022 MORESCO Corporation, Annual General Meeting, May 27, 2022. Reported Earnings • Apr 14
Full year 2022 earnings released: EPS: JP¥193 (vs JP¥54.11 in FY 2021) Full year 2022 results: EPS: JP¥193 (up from JP¥54.11 in FY 2021). Revenue: JP¥27.3b (up 12% from FY 2021). Net income: JP¥1.81b (up 249% from FY 2021). Profit margin: 6.6% (up from 2.1% in FY 2021). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Upcoming Dividend • Feb 18
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 25 February 2022. Payment date: 31 May 2022. Payout ratio is a comfortable 22% 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%). Announcement • Feb 02
MORESCO Corporation to Report Fiscal Year 2021 Results on Apr 12, 2022 MORESCO Corporation announced that they will report fiscal year 2021 results on Apr 12, 2022 Reported Earnings • Jan 14
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥39.55 (down from JP¥40.92 in 3Q 2021). Revenue: JP¥7.05b (up 6.5% from 3Q 2021). Net income: JP¥371.0m (down 5.6% from 3Q 2021). Profit margin: 5.3% (down from 5.9% in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 14
Second quarter 2022 earnings released: EPS JP¥28.15 (vs JP¥7.60 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¥6.71b (up 23% from 2Q 2021). Net income: JP¥264.0m (up JP¥337.0m from 2Q 2021). Profit margin: 3.9% (up from net loss in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 11% per year. Upcoming Dividend • Aug 23
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 30 August 2021. Payment date: 11 November 2021. Trailing yield: 3.5%. Within top quartile of Japanese dividend payers (3.1%). Higher than average of industry peers (2.1%). Reported Earnings • Jul 15
First quarter 2022 earnings released: EPS JP¥117 (vs JP¥1.77 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥6.66b (up 13% from 1Q 2021). Net income: JP¥1.10b (up JP¥1.11b from 1Q 2021). Profit margin: 17% (up from net loss in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Reported Earnings • Jun 02
Full year 2021 earnings released: EPS JP¥54.11 (vs JP¥80.87 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥24.5b (down 9.6% from FY 2020). Net income: JP¥518.0m (down 33% from FY 2020). Profit margin: 2.1% (down from 2.9% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 15
Full year 2021 earnings released: EPS JP¥54.11 (vs JP¥80.87 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥24.5b (down 9.6% from FY 2020). Net income: JP¥518.0m (down 33% from FY 2020). Profit margin: 2.1% (down from 2.9% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Announcement • Feb 04
MORESCO Corporation to Report Fiscal Year 2021 Results on Apr 13, 2021 MORESCO Corporation announced that they will report fiscal year 2021 results on Apr 13, 2021 Is New 90 Day High Low • Jan 28
New 90-day high: JP¥1,157 The company is up 20% from its price of JP¥967 on 30 October 2020. The Japanese market is up 15% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Chemicals industry, which is up 21% over the same period. Reported Earnings • Jan 15
Third quarter 2021 earnings released: EPS JP¥40.92 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: JP¥6.62b (down 4.0% from 3Q 2020). Net income: JP¥393.0m (up 49% from 3Q 2020). Profit margin: 5.9% (up from 3.8% 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 43% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Jan 12
New 90-day high: JP¥1,067 The company is up 4.0% from its price of JP¥1,026 on 14 October 2020. The Japanese market is up 12% 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. Announcement • Sep 12
MORESCO Corporation to Report Q2, 2021 Results on Oct 13, 2020 MORESCO Corporation announced that they will report Q2, 2021 results on Oct 13, 2020