Reported Earnings • May 13
Full year 2026 earnings released: EPS: JP¥190 (vs JP¥175 in FY 2025) Full year 2026 results: EPS: JP¥190 (up from JP¥175 in FY 2025). Revenue: JP¥33.1b (down 3.6% from FY 2025). Net income: JP¥1.12b (up 8.3% from FY 2025). Profit margin: 3.4% (up from 3.0% in FY 2025). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 12
Kobe Steel, Ltd. (TSE:5406) entered into a share exchange agreement to acquire remaining 56.52% stake in Kobelco Wire Company, Ltd. (TSE:5660) from Nippon Life Insurance Company, Mizuho Trust & Banking Co., Ltd., Shinsho Corporation (TSE:8075), Mizuho Bank, Ltd., Mitsui & Co. Steel Ltd. and Michio Maruyama for ¥6.1 billion. Kobe Steel, Ltd. (TSE:5406) entered into a share exchange agreement to acquire remaining 56.52% stake in Kobelco Wire Company, Ltd. (TSE:5660) from Nippon Life Insurance Company, Mizuho Trust & Banking Co., Ltd., Shinsho Corporation (TSE:8075), Mizuho Bank, Ltd., Mitsui & Co. Steel Ltd. and Michio Maruyama for ¥6.1 billion on May 11, 2026. The consideration consists of 3.14 million common equity of Kobe Steel, Ltd. at an exchange ratio of 0.94 to be issued for common equity of Kobelco Wire Company, Ltd. As part of consideration, ¥6.08 billion is paid towards common equity of Kobelco Wire Company, Ltd. Upon completion, Kobe Steel, Ltd. will own 100% stake in Kobelco Wire Company, Ltd.
The transaction is subject to approval of offer by target shareholders. The expected completion of the transaction is September 1, 2026.
Nomura Securities Co., Ltd. acted as financial advisor for Kobe Steel, Ltd. Industrial Growth Platform, Inc. acted as financial advisor for Kobelco Wire Company, Ltd. Nishimura & Asahi acted as legal advisor for Kobe Steel, Ltd. TMI Associates acted as legal advisor for Kobelco Wire Company, Ltd. Announcement • May 11
Kobelco Wire Company, Ltd., Annual General Meeting, Jun 26, 2026 Kobelco Wire Company, Ltd., Annual General Meeting, Jun 26, 2026. New Risk • May 11
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 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks 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 (7.1% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (JP¥10.9b market cap, or US$69.2m). Buy Or Sell Opportunity • May 11
Now 35% overvalued after recent price rise Over the last 90 days, the stock has risen 25% to JP¥1,843. The fair value is estimated to be JP¥1,361, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 2.9% over the last 3 years. Earnings per share has grown by 3.5%. Valuation Update With 7 Day Price Move • May 11
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to JP¥1,843, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 14x in the Metals and Mining industry in Japan. Total returns to shareholders of 111% over the past three years. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 29 June 2026. Payout ratio is a comfortable 34% and the cash payout ratio is 83%. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.5%). Reported Earnings • Feb 07
Third quarter 2026 earnings released: EPS: JP¥59.21 (vs JP¥57.02 in 3Q 2025) Third quarter 2026 results: EPS: JP¥59.21 (up from JP¥57.02 in 3Q 2025). Revenue: JP¥7.69b (down 11% from 3Q 2025). Net income: JP¥350.0m (up 3.9% from 3Q 2025). Profit margin: 4.6% (up from 3.9% in 3Q 2025). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 12
Second quarter 2026 earnings released: EPS: JP¥44.67 (vs JP¥57.36 in 2Q 2025) Second quarter 2026 results: EPS: JP¥44.67 (down from JP¥57.36 in 2Q 2025). Revenue: JP¥8.73b (up 1.3% from 2Q 2025). Net income: JP¥264.0m (down 22% from 2Q 2025). Profit margin: 3.0% (down from 3.9% in 2Q 2025). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 09 December 2025. Payout ratio is a comfortable 35% 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%). In line with average of industry peers (3.2%). Reported Earnings • Aug 08
First quarter 2026 earnings released: EPS: JP¥28.09 (vs JP¥29.27 in 1Q 2025) First quarter 2026 results: EPS: JP¥28.09 (down from JP¥29.27 in 1Q 2025). Revenue: JP¥7.81b (down 6.2% from 1Q 2025). Net income: JP¥166.0m (down 4.0% from 1Q 2025). Profit margin: 2.1% (in line with 1Q 2025). 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 16% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 14
Full year 2025 earnings released: EPS: JP¥175 (vs JP¥153 in FY 2024) Full year 2025 results: EPS: JP¥175 (up from JP¥153 in FY 2024). Revenue: JP¥34.3b (up 4.8% from FY 2024). Net income: JP¥1.03b (up 14% from FY 2024). Profit margin: 3.0% (up from 2.8% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 26 June 2025. Payout ratio is a comfortable 32% but the company is not cash flow positive. Trailing yield: 3.6%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (4.1%). Reported Earnings • Feb 08
Third quarter 2025 earnings released: EPS: JP¥57.02 (vs JP¥50.25 in 3Q 2024) Third quarter 2025 results: EPS: JP¥57.02 (up from JP¥50.25 in 3Q 2024). Revenue: JP¥8.60b (up 4.9% from 3Q 2024). Net income: JP¥337.0m (up 14% from 3Q 2024). Profit margin: 3.9% (up from 3.6% in 3Q 2024). The increase in margin was driven by higher revenue. 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 16% per year. Reported Earnings • Nov 09
Second quarter 2025 earnings released: EPS: JP¥57.36 (vs JP¥55.67 in 2Q 2024) Second quarter 2025 results: EPS: JP¥57.36 (up from JP¥55.67 in 2Q 2024). Revenue: JP¥8.62b (up 1.0% from 2Q 2024). Net income: JP¥339.0m (up 3.0% from 2Q 2024). Profit margin: 3.9% (in line with 2Q 2024). Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 14% per year. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 09 December 2024. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (4.3%). New Risk • Sep 17
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (JP¥6.79b market cap, or US$48.2m). Reported Earnings • Aug 09
First quarter 2025 earnings released: EPS: JP¥29.27 (vs JP¥20.64 in 1Q 2024) First quarter 2025 results: EPS: JP¥29.27 (up from JP¥20.64 in 1Q 2024). Revenue: JP¥8.32b (up 13% from 1Q 2024). Net income: JP¥173.0m (up 42% from 1Q 2024). Profit margin: 2.1% (up from 1.7% in 1Q 2024). The increase in margin was driven by higher revenue. 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 7% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 24% After last week's 24% share price decline to JP¥961, the stock trades at a trailing P/E ratio of 6.3x. Average trailing P/E is 9x in the Metals and Mining industry in Japan. Total returns to shareholders of 19% over the past three years. Reported Earnings • May 11
Full year 2024 earnings released: EPS: JP¥153 (vs JP¥141 in FY 2023) Full year 2024 results: EPS: JP¥153 (up from JP¥141 in FY 2023). Revenue: JP¥32.7b (up 4.6% from FY 2023). Net income: JP¥906.0m (up 8.9% from FY 2023). Profit margin: 2.8% (up from 2.7% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • May 11
Kobelco Wire Company, Ltd., Annual General Meeting, Jun 25, 2024 Kobelco Wire Company, Ltd., Annual General Meeting, Jun 25, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 36% but the company is not cash flow positive. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (3.5%). New Risk • Feb 26
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.1% average weekly change). Market cap is less than US$100m (JP¥8.50b market cap, or US$56.4m). Valuation Update With 7 Day Price Move • Feb 26
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to JP¥1,439, the stock trades at a trailing P/E ratio of 10.3x. Average trailing P/E is 9x in the Metals and Mining industry in Japan. Total returns to shareholders of 78% over the past three years. Reported Earnings • Feb 10
Third quarter 2024 earnings released: EPS: JP¥50.24 (vs JP¥57.70 in 3Q 2023) Third quarter 2024 results: EPS: JP¥50.24 (down from JP¥57.70 in 3Q 2023). Revenue: JP¥8.21b (up 1.8% from 3Q 2023). Net income: JP¥297.0m (down 13% from 3Q 2023). Profit margin: 3.6% (down from 4.2% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 11
Second quarter 2024 earnings released: EPS: JP¥55.66 (vs JP¥47.04 in 2Q 2023) Second quarter 2024 results: EPS: JP¥55.66 (up from JP¥47.04 in 2Q 2023). Revenue: JP¥8.53b (up 9.7% from 2Q 2023). Net income: JP¥329.0m (up 18% from 2Q 2023). Profit margin: 3.9% (up from 3.6% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 08
First quarter 2024 earnings released: EPS: JP¥20.64 (vs JP¥23.35 in 1Q 2023) First quarter 2024 results: EPS: JP¥20.64 (down from JP¥23.35 in 1Q 2023). Revenue: JP¥7.36b (flat on 1Q 2023). Net income: JP¥122.0m (down 12% from 1Q 2023). Profit margin: 1.7% (down from 1.9% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • May 13
Kobelco Wire Company, Ltd., Annual General Meeting, Jun 28, 2023 Kobelco Wire Company, Ltd., Annual General Meeting, Jun 28, 2023. Reported Earnings • May 12
Full year 2023 earnings released: EPS: JP¥141 (vs JP¥102 in FY 2022) Full year 2023 results: EPS: JP¥141 (up from JP¥102 in FY 2022). Revenue: JP¥31.3b (up 6.2% from FY 2022). Net income: JP¥832.0m (up 39% from FY 2022). Profit margin: 2.7% (up from 2.0% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥20.00 per share at 3.9% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 27 June 2023. Payout ratio is a comfortable 29% but the company is paying out more than the cash it is generating. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (4.6%). Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: JP¥57.67 (vs JP¥20.02 in 3Q 2022) Third quarter 2023 results: EPS: JP¥57.67 (up from JP¥20.02 in 3Q 2022). Revenue: JP¥8.06b (up 13% from 3Q 2022). Net income: JP¥341.0m (up 189% from 3Q 2022). Profit margin: 4.2% (up from 1.7% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. 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. 6 non-independent directors. Independent Outside Director Yasuhiro Hattori 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 09
Second quarter 2023 earnings released: EPS: JP¥47.02 (vs JP¥4.75 in 2Q 2022) Second quarter 2023 results: EPS: JP¥47.02 (up from JP¥4.75 in 2Q 2022). Revenue: JP¥7.78b (up 8.5% from 2Q 2022). Net income: JP¥278.0m (up JP¥250.0m from 2Q 2022). Profit margin: 3.6% (up from 0.4% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 07
First quarter 2023 earnings released: EPS: JP¥23.35 (vs JP¥16.97 in 1Q 2022) First quarter 2023 results: EPS: JP¥23.35 (up from JP¥16.97 in 1Q 2022). Revenue: JP¥7.34b (up 6.2% from 1Q 2022). Net income: JP¥138.0m (up 38% from 1Q 2022). Profit margin: 1.9% (up from 1.4% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Reported Earnings • May 13
Full year 2022 earnings released: EPS: JP¥102 (vs JP¥35.20 in FY 2021) Full year 2022 results: EPS: JP¥102 (up from JP¥35.20 in FY 2021). Revenue: JP¥29.4b (up 9.8% from FY 2021). Net income: JP¥599.0m (up 188% from FY 2021). Profit margin: 2.0% (up from 0.8% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Announcement • May 13
Kobelco Wire Company, Ltd., Annual General Meeting, Jun 24, 2022 Kobelco Wire Company, Ltd., Annual General Meeting, Jun 24, 2022. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Outside Director Yasuhiro Hattori 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. Announcement • Apr 08
Kobelco Wire Company, Ltd. to Report Fiscal Year 2022 Results on May 11, 2022 Kobelco Wire Company, Ltd. announced that they will report fiscal year 2022 results on May 11, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 25 June 2022. Payout ratio is a comfortable 9.4% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (4.7%). Reported Earnings • Feb 07
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥20.02 (up from JP¥5.41 in 3Q 2021). Revenue: JP¥7.14b (up 5.6% from 3Q 2021). Net income: JP¥118.0m (up 269% from 3Q 2021). Profit margin: 1.7% (up from 0.5% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 05
Second quarter 2022 earnings released: EPS JP¥4.75 (vs JP¥19.62 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¥7.17b (up 10% from 2Q 2021). Net income: JP¥28.0m (up JP¥144.0m from 2Q 2021). Profit margin: 0.4% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 30
Full year 2021 earnings released: EPS JP¥35.20 (vs JP¥72.75 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥26.8b (down 11% from FY 2020). Net income: JP¥208.0m (down 52% from FY 2020). Profit margin: 0.8% (down from 1.4% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Reported Earnings • May 14
Full year 2021 earnings released: EPS JP¥35.19 (vs JP¥72.75 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥26.8b (down 11% from FY 2020). Net income: JP¥208.0m (down 52% from FY 2020). Profit margin: 0.8% (down from 1.4% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 22% 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. Is New 90 Day High Low • Feb 23
New 90-day high: JP¥934 The company is up 2.0% from its price of JP¥919 on 25 November 2020. The Japanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 23% over the same period. Reported Earnings • Feb 07
Third quarter 2021 earnings released: EPS JP¥5.41 (vs JP¥17.60 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥6.76b (down 8.2% from 3Q 2020). Net income: JP¥32.0m (down 69% from 3Q 2020). Profit margin: 0.5% (down from 1.4% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Dec 28
New 90-day low: JP¥890 The company is down 9.0% from its price of JP¥974 on 29 September 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 18% over the same period. Is New 90 Day High Low • Dec 07
New 90-day low: JP¥901 The company is down 3.0% from its price of JP¥925 on 08 September 2020. The Japanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 12% over the same period. Announcement • Dec 05
Shinko Wire Company, Ltd. to Report Q3, 2021 Results on Feb 05, 2021 Shinko Wire Company, Ltd. announced that they will report Q3, 2021 results on Feb 05, 2021 Announcement • Jul 19
Shinko Wire Company, Ltd. to Report Q1, 2021 Results on Aug 06, 2020 Shinko Wire Company, Ltd. announced that they will report Q1, 2021 results on Aug 06, 2020