Reported Earnings • May 19
Full year 2026 earnings released: EPS: JP¥134 (vs JP¥142 in FY 2025) Full year 2026 results: EPS: JP¥134 (down from JP¥142 in FY 2025). Revenue: JP¥29.6b (up 1.0% from FY 2025). Net income: JP¥2.47b (down 5.9% from FY 2025). Profit margin: 8.3% (down from 9.0% in FY 2025). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Announcement • May 14
Yotai Refractories Co., Ltd., Annual General Meeting, Jun 25, 2026 Yotai Refractories Co., Ltd., Annual General Meeting, Jun 25, 2026. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥45.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 29 June 2026. Payout ratio is a comfortable 70% but the company is paying out more than the cash it is generating. Trailing yield: 4.9%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.8%). Reported Earnings • Feb 07
Third quarter 2026 earnings released: EPS: JP¥50.28 (vs JP¥42.00 in 3Q 2025) Third quarter 2026 results: EPS: JP¥50.28 (up from JP¥42.00 in 3Q 2025). Revenue: JP¥8.11b (up 3.5% from 3Q 2025). Net income: JP¥925.0m (up 19% from 3Q 2025). Profit margin: 11% (up from 9.9% in 3Q 2025). 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. Declared Dividend • Dec 06
First half dividend of JP¥45.00 announced Dividend of JP¥45.00 is the same as last year. Ex-date: 30th March 2026 Payment date: 29th June 2026 Dividend yield will be 5.1%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (75% earnings payout ratio) but not covered by cash flows (124% cash payout ratio). The dividend has increased by an average of 25% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 3.3% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 09
Second quarter 2026 earnings released: EPS: JP¥31.46 (vs JP¥28.38 in 2Q 2025) Second quarter 2026 results: EPS: JP¥31.46 (up from JP¥28.38 in 2Q 2025). Revenue: JP¥7.06b (up 1.6% from 2Q 2025). Net income: JP¥578.0m (up 9.3% from 2Q 2025). Profit margin: 8.2% (up from 7.6% in 2Q 2025). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥45.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 08 December 2025. Payout ratio and cash payout ratio are on the higher end at 77% and 79% respectively. Trailing yield: 5.2%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.7%). Reported Earnings • Aug 09
First quarter 2026 earnings released: EPS: JP¥10.14 (vs JP¥31.53 in 1Q 2025) First quarter 2026 results: EPS: JP¥10.14 (down from JP¥31.53 in 1Q 2025). Revenue: JP¥6.90b (down 4.6% from 1Q 2025). Net income: JP¥186.0m (down 68% from 1Q 2025). Profit margin: 2.7% (down from 8.1% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 6% per year. Declared Dividend • Jul 09
Final dividend of JP¥45.00 announced Shareholders will receive a dividend of JP¥45.00. Ex-date: 29th September 2025 Payment date: 8th December 2025 Dividend yield will be 5.2%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by both earnings (62% earnings payout ratio) and cash flows (79% cash payout ratio). The dividend has increased by an average of 25% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 2.4% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • May 10
Full year 2025 earnings released: EPS: JP¥142 (vs JP¥205 in FY 2024) Full year 2025 results: EPS: JP¥142 (down from JP¥205 in FY 2024). Revenue: JP¥29.3b (flat on FY 2024). Net income: JP¥2.62b (down 32% from FY 2024). Profit margin: 9.0% (down from 13% in FY 2024). Over the last 3 years on average, earnings per share has increased by 10% per year and the company’s share price has also increased by 10% per year. Announcement • May 09
Yotai Refractories Co., Ltd., Annual General Meeting, Jun 26, 2025 Yotai Refractories Co., Ltd., Annual General Meeting, Jun 26, 2025. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥45.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 26 June 2025. Payout ratio is a comfortable 62% but the company is paying out more than the cash it is generating. Trailing yield: 6.1%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.8%). Announcement • Mar 13
Yotai Refractories Co., Ltd. Announces Execution change ,Effective April 1, 2025 Yotai Refractories Co., Ltd. announced that it has resolved at the Board of Directors meeting held on March 13, 2025 to make the change of Executive Officer, effective April 1, 2025. The details are described below. Name: Yasuhiro Inoue, Current position: General Manager in charge of Information System Group, General Affairs Department of Head Office, New position: Executive Officer, General Manager in charge of companywide DX promotion, Information System Group (CIO), General Affairs Department of Head Office . Reported Earnings • Feb 08
Third quarter 2025 earnings released: EPS: JP¥42.04 (vs JP¥79.97 in 3Q 2024) Third quarter 2025 results: EPS: JP¥42.04 (down from JP¥79.97 in 3Q 2024). Revenue: JP¥7.84b (down 3.7% from 3Q 2024). Net income: JP¥777.0m (down 48% from 3Q 2024). Profit margin: 9.9% (down from 18% in 3Q 2024). The decrease in margin was primarily 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 10% per year, which means it is significantly lagging earnings growth. Declared Dividend • Dec 07
First half dividend of JP¥45.00 announced Shareholders will receive a dividend of JP¥45.00. Ex-date: 28th March 2025 Payment date: 26th June 2025 Dividend yield will be 5.8%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (51% earnings payout ratio) but not covered by cash flows (262% cash payout ratio). The dividend has increased by an average of 28% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 6.2% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Nov 14
Yotai Refractories Co., Ltd. (TSE:5357) announces an Equity Buyback for 359,000 shares, representing 1.91% for ¥560.04 million. Yotai Refractories Co., Ltd. (TSE:5357) announces a share repurchase program. Under the program, the company will repurchase up to 359,000 shares, representing 1.91% of its issued share capital, for ¥560.04 million. The shares will be repurchased at ¥1,560 per share. The purpose of the program is to enact capital policies and return profits to shareholders. As of October 31, 2024, there are 18,788,920 outstanding shares(excluding treasury shares) and 805,080 shares in treasury. Reported Earnings • Nov 10
Second quarter 2025 earnings released: EPS: JP¥28.38 (vs JP¥32.50 in 2Q 2024) Second quarter 2025 results: EPS: JP¥28.38 (down from JP¥32.50 in 2Q 2024). Revenue: JP¥6.94b (down 1.7% from 2Q 2024). Net income: JP¥529.0m (down 14% from 2Q 2024). Profit margin: 7.6% (down from 8.7% in 2Q 2024). 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 10% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥45.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 09 December 2024. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 5.0%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.9%). Reported Earnings • Aug 15
First quarter 2025 earnings released: EPS: JP¥34.65 (vs JP¥30.09 in 1Q 2024) First quarter 2025 results: EPS: JP¥34.65 (up from JP¥30.09 in 1Q 2024). Revenue: JP¥7.53b (up 6.5% from 1Q 2024). Net income: JP¥645.0m (up 10% from 1Q 2024). Profit margin: 8.6% (up from 8.3% in 1Q 2024). Revenue is forecast to stay flat during the next 2 years compared to a 3.9% growth forecast for the Basic Materials industry in Japan. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Declared Dividend • Jul 11
Final dividend of JP¥45.00 announced Shareholders will receive a dividend of JP¥45.00. Ex-date: 27th September 2024 Payment date: 9th December 2024 Dividend yield will be 5.7%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (39% earnings payout ratio) but not covered by cash flows (100% cash payout ratio). The dividend has increased by an average of 26% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 33% over the next 2 years. However, it would need to fall by 57% to increase the payout ratio to a potentially unsustainable range. Valuation Update With 7 Day Price Move • May 17
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to JP¥1,792, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 11x in the Basic Materials industry in Japan. Total returns to shareholders of 55% over the past three years. Reported Earnings • May 13
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: JP¥205 (up from JP¥147 in FY 2023). Revenue: JP¥29.1b (up 3.1% from FY 2023). Net income: JP¥3.88b (up 31% from FY 2023). Profit margin: 13% (up from 11% in FY 2023). Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) exceeded analyst estimates by 16%. Revenue is forecast to grow 1.6% p.a. on average during the next 2 years, compared to a 3.2% growth forecast for the Basic Materials industry in Japan. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Announcement • May 12
Yotai Refractories Co., Ltd., Annual General Meeting, Jun 25, 2024 Yotai Refractories Co., Ltd., Annual General Meeting, Jun 25, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥28.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 24 June 2024. Payout ratio is a comfortable 39% but the company is paying out more than the cash it is generating. Trailing yield: 3.3%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (2.4%). Major Estimate Revision • Mar 02
Consensus EPS estimates increase by 27% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from JP¥28.9b to JP¥30.1b. EPS estimate increased from JP¥140 to JP¥177 per share. Net income forecast to shrink 18% next year vs 16% growth forecast for Basic Materials industry in Japan . Consensus price target broadly unchanged at JP¥1,660. Share price was steady at JP¥1,454 over the past week. Reported Earnings • Feb 10
Third quarter 2024 earnings released: EPS: JP¥79.97 (vs JP¥37.89 in 3Q 2023) Third quarter 2024 results: EPS: JP¥79.97 (up from JP¥37.89 in 3Q 2023). Revenue: JP¥8.14b (up 13% from 3Q 2023). Net income: JP¥1.49b (up 96% from 3Q 2023). Profit margin: 18% (up from 11% in 3Q 2023). Revenue is forecast to stay flat during the next 3 years compared to a 3.1% growth forecast for the Basic Materials industry in Japan. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 16% per year. Reported Earnings • Nov 11
Second quarter 2024 earnings released: EPS: JP¥32.50 (vs JP¥32.23 in 2Q 2023) Second quarter 2024 results: EPS: JP¥32.50. Revenue: JP¥7.07b (up 9.7% from 2Q 2023). Net income: JP¥613.0m (down 6.3% from 2Q 2023). Profit margin: 8.7% (down from 10% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Basic Materials industry in Japan. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥25.00 per share at 3.3% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 11 December 2023. Payout ratio is a comfortable 32% but the company is not cash flow positive. Trailing yield: 3.3%. Within top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (2.6%). Reported Earnings • Aug 12
First quarter 2024 earnings released: EPS: JP¥30.09 (vs JP¥37.42 in 1Q 2023) First quarter 2024 results: EPS: JP¥30.09 (down from JP¥37.42 in 1Q 2023). Revenue: JP¥7.07b (flat on 1Q 2023). Net income: JP¥584.0m (down 24% from 1Q 2023). Profit margin: 8.3% (down from 11% in 1Q 2023). Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Basic Materials industry in Japan. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 16
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: JP¥147 (up from JP¥141 in FY 2022). Revenue: JP¥28.3b (up 9.0% from FY 2022). Net income: JP¥2.97b (flat on FY 2022). Profit margin: 11% (in line with FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.8%. Revenue is forecast to grow 4.6% p.a. on average during the next 2 years, compared to a 5.0% growth forecast for the Basic Materials industry in Japan. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥18.00 per share at 3.2% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 26 June 2023. Payout ratio is a comfortable 19% but the company is not cash flow positive. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.8%). Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: JP¥37.89 (vs JP¥27.37 in 3Q 2022) Third quarter 2023 results: EPS: JP¥37.89 (up from JP¥27.37 in 3Q 2022). Revenue: JP¥7.19b (up 9.2% from 3Q 2022). Net income: JP¥759.0m (up 34% from 3Q 2022). Profit margin: 11% (up from 8.6% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Basic Materials industry in Japan. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. 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 Shinobu Akiyoshi was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 13
Second quarter 2023 earnings released: EPS: JP¥32.23 (vs JP¥39.41 in 2Q 2022) Second quarter 2023 results: EPS: JP¥32.23 (down from JP¥39.41 in 2Q 2022). Revenue: JP¥6.44b (up 7.6% from 2Q 2022). Net income: JP¥654.0m (down 21% from 2Q 2022). Profit margin: 10% (down from 14% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Basic Materials industry in Japan. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 25% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥18.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 12 December 2022. Payout ratio is a comfortable 30% but the company is not cash flow positive. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (2.9%). Reported Earnings • Aug 07
First quarter 2023 earnings released: EPS: JP¥37.42 (vs JP¥36.01 in 1Q 2022) First quarter 2023 results: EPS: JP¥37.42. Revenue: JP¥7.13b (up 13% from 1Q 2022). Net income: JP¥770.0m (down 1.3% from 1Q 2022). Profit margin: 11% (down from 12% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 3.7%, compared to a 7.8% growth forecast for the industry in Japan. Reported Earnings • May 16
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: JP¥141 (up from JP¥84.58 in FY 2021). Revenue: JP¥25.9b (up 10.0% from FY 2021). Net income: JP¥2.97b (up 61% from FY 2021). Profit margin: 11% (up from 7.8% in FY 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) also surpassed analyst estimates by 12%. Over the next year, revenue is forecast to grow 2.3%, compared to a 1.4% growth forecast for the industry in Japan. 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 40% per year, which means it is well ahead of earnings. Announcement • May 16
Yotai Refractories Co., Ltd. (TSE:5357) announces an Equity Buyback for 1,500,000 shares, representing 7.28% for ¥1,500 million. Yotai Refractories Co., Ltd. (TSE:5357) announces a share repurchase program. Under the program, the company will repurchase up to 1,500,000 shares, representing 7.28% of its issued share capital (excluding treasury stock), for ¥1,500 million. The purpose of the program is to enable the execution of agile capital policies in response to changes in the business environment. The program will run until March 31, 2023. As of April 30, 2022, the company had 20,610,292 shares in issue (excluding treasury stock) and 4,977,129 shares in treasury. Board Change • Apr 27
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 6 new directors. 3 experienced directors. 2 highly experienced directors. 1 independent director (5 non-independent directors). Chairman, MD & President Mitsuo Taguchi is the most experienced director on the board, commencing their role in 2009. Outside Independent Director Hiroshi Itano was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥21.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 27 June 2022. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (2.7%). Reported Earnings • Feb 10
Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2022 results: EPS: JP¥27.37 (down from JP¥27.96 in 3Q 2021). Revenue: JP¥6.58b (up 5.2% from 3Q 2021). Net income: JP¥565.0m (down 7.2% from 3Q 2021). Profit margin: 8.6% (down from 9.7% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.0%. Over the next year, revenue is forecast to grow 4.4% compared to a 1.3% decline forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 29% per year, which means it is well ahead of earnings. Reported Earnings • Nov 12
Second quarter 2022 earnings released: EPS JP¥39.41 (vs JP¥18.78 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥5.99b (up 14% from 2Q 2021). Net income: JP¥831.0m (up 103% from 2Q 2021). Profit margin: 14% (up from 7.8% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥16.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 11 December 2021. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.0%). In line with average of industry peers (2.4%). Reported Earnings • Aug 06
First quarter 2022 earnings released: EPS JP¥36.01 (vs JP¥22.46 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥6.34b (up 6.6% from 1Q 2021). Net income: JP¥780.0m (up 59% from 1Q 2021). Profit margin: 12% (up from 8.3% 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 20% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • May 20
Investor sentiment improved over the past week After last week's 20% share price gain to JP¥1,250, the stock trades at a trailing P/E ratio of 14.8x. Average trailing P/E is 11x in the Basic Materials industry in Japan. Total returns to shareholders of 96% over the past three years. Reported Earnings • May 15
Full year 2021 earnings released: EPS JP¥84.58 (vs JP¥127 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥23.6b (down 12% from FY 2020). Net income: JP¥1.85b (down 34% from FY 2020). Profit margin: 7.8% (down from 11% 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 15% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Announcement • May 14
Yotai Refractories Co., Ltd. (TSE:5357) announces an Equity Buyback for 1,800,000 shares, representing 8.26% for ¥1,500 million. Yotai Refractories Co., Ltd. (TSE:5357) announces a share repurchase program. Under the program, the company will repurchase up to 1,800,000 shares, representing 8.26% of its issued share capital (excluding treasury stock), at ¥833.33 per share, for ¥1,500 million. The purpose of the program is to implement an agile capital policy in response to changes in the business environment. The program will run until March 31, 2022. As of April 30, 2021, the company had 21,782,066 shares in issue (excluding treasury stock) and 3,805,355 shares in treasury. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 26 June 2021. Trailing yield: 1.0%. Lower than top quartile of Japanese dividend payers (2.7%). Lower than average of industry peers (2.2%). Is New 90 Day High Low • Feb 17
New 90-day high: JP¥978 The company is up 23% from its price of JP¥797 on 19 November 2020. The Japanese market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Basic Materials industry, which is up 1.0% over the same period. Reported Earnings • Feb 06
Third quarter 2021 earnings released: EPS JP¥27.96 (vs JP¥30.71 in 3Q 2020) The company reported a poor third quarter result with weaker earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: JP¥6.25b (down 5.7% from 3Q 2020). Net income: JP¥609.0m (down 9.8% from 3Q 2020). Profit margin: 9.7% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.