Reported Earnings • May 13
Full year 2026 earnings released: EPS: JP¥1,720 (vs JP¥251 in FY 2025) Full year 2026 results: EPS: JP¥1,720 (up from JP¥251 in FY 2025). Revenue: JP¥40.9b (up 62% from FY 2025). Net income: JP¥4.21b (up 72% from FY 2025). Profit margin: 10% (in line with FY 2025). Over the last 3 years on average, earnings per share has increased by 118% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth. Announcement • May 12
Nihon Seiko Co., Ltd., Annual General Meeting, Jun 25, 2026 Nihon Seiko Co., Ltd., Annual General Meeting, Jun 25, 2026. Buy Or Sell Opportunity • May 12
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 36% to JP¥1,900. The fair value is estimated to be JP¥2,514, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 35% over the last 3 years. Earnings per share has grown by 96%. Announcement • May 09
Nihon Seiko Co., Ltd. to Report Fiscal Year 2026 Results on May 12, 2026 Nihon Seiko Co., Ltd. announced that they will report fiscal year 2026 results on May 12, 2026 Valuation Update With 7 Day Price Move • Mar 31
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to JP¥2,362, the stock trades at a trailing P/E ratio of 4.1x. Average trailing P/E is 12x in the Metals and Mining industry in Japan. Total returns to shareholders of 244% over the past three years. New Risk • Mar 29
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥6.44b (US$40.2m) 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 Share price has been highly volatile over the past 3 months (12% average weekly change). 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¥6.44b market cap, or US$40.2m). Upcoming Dividend • Mar 23
Upcoming dividend of JP¥170 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 29 June 2026. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.5%). Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to JP¥13,100, the stock trades at a trailing P/E ratio of 5.8x. Average trailing P/E is 13x in the Metals and Mining industry in Japan. Total returns to shareholders of 367% over the past three years. Buy Or Sell Opportunity • Mar 16
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 37% to JP¥13,100. The fair value is estimated to be JP¥10,642, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 35% over the last 3 years. Earnings per share has grown by 96%. Reported Earnings • Feb 07
Third quarter 2026 earnings released: EPS: JP¥413 (vs JP¥238 in 3Q 2025) Third quarter 2026 results: EPS: JP¥413 (up from JP¥238 in 3Q 2025). Revenue: JP¥10.7b (up 65% from 3Q 2025). Net income: JP¥1.01b (up 74% from 3Q 2025). Profit margin: 9.5% (in line with 3Q 2025). Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has only increased by 53% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jan 13
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥12,260, the stock trades at a trailing P/E ratio of 5.8x. Average trailing P/E is 13x in the Metals and Mining industry in Japan. Total returns to shareholders of 369% over the past three years. Announcement • Dec 03
Nihon Seiko Co., Ltd. to Report Q3, 2026 Results on Feb 05, 2026 Nihon Seiko Co., Ltd. announced that they will report Q3, 2026 results on Feb 05, 2026 Reported Earnings • Nov 09
Second quarter 2026 earnings released: EPS: JP¥545 (vs JP¥136 in 2Q 2025) Second quarter 2026 results: EPS: JP¥545 (up from JP¥136 in 2Q 2025). Revenue: JP¥10.0b (up 68% from 2Q 2025). Net income: JP¥1.33b (up 302% from 2Q 2025). Profit margin: 13% (up from 5.5% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 51% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 30
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥12,200, the stock trades at a trailing P/E ratio of 7.2x. Average trailing P/E is 13x in the Metals and Mining industry in Japan. Total returns to shareholders of 351% over the past three years. Valuation Update With 7 Day Price Move • Oct 14
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to JP¥15,180, the stock trades at a trailing P/E ratio of 8.9x. Average trailing P/E is 13x in the Metals and Mining industry in Japan. Total returns to shareholders of 444% over the past three years. Valuation Update With 7 Day Price Move • Sep 25
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to JP¥14,490, the stock trades at a trailing P/E ratio of 8.5x. Average trailing P/E is 13x in the Metals and Mining industry in Japan. Total returns to shareholders of 413% over the past three years. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥160 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 03 December 2025. Payout ratio is a comfortable 9.4% but the company is not cash flow positive. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (3.2%). Valuation Update With 7 Day Price Move • Aug 19
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to JP¥11,930, the stock trades at a trailing P/E ratio of 7x. Average trailing P/E is 12x in the Metals and Mining industry in Japan. Total returns to shareholders of 313% over the past three years. Reported Earnings • Aug 02
First quarter 2026 earnings released: EPS: JP¥804 (vs JP¥111 in 1Q 2025) First quarter 2026 results: EPS: JP¥804 (up from JP¥111 in 1Q 2025). Revenue: JP¥10.8b (up 122% from 1Q 2025). Net income: JP¥1.97b (up JP¥1.70b from 1Q 2025). Profit margin: 18% (up from 5.6% in 1Q 2025). 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 only increased by 32% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 01
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to JP¥7,440, the stock trades at a trailing P/E ratio of 7.4x. Average trailing P/E is 9x in the Metals and Mining industry in Japan. Total returns to shareholders of 161% over the past three years. Valuation Update With 7 Day Price Move • Jul 14
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥5,760, the stock trades at a trailing P/E ratio of 5.7x. Average trailing P/E is 10x in the Metals and Mining industry in Japan. Total returns to shareholders of 90% over the past three years. Buy Or Sell Opportunity • Jul 10
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 13% to JP¥5,630. The fair value is estimated to be JP¥4,509, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.5% over the last 3 years. Earnings per share has grown by 12%. Reported Earnings • May 17
Full year 2025 earnings released: EPS: JP¥1,004 (vs JP¥206 in FY 2024) Full year 2025 results: EPS: JP¥1,004 (up from JP¥206 in FY 2024). Revenue: JP¥25.2b (up 62% from FY 2024). Net income: JP¥2.46b (up 389% from FY 2024). Profit margin: 9.8% (up from 3.2% 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 12% per year whereas the company’s share price has increased by 11% per year. Valuation Update With 7 Day Price Move • May 14
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥4,315, the stock trades at a trailing P/E ratio of 7.7x. Average trailing P/E is 10x in the Metals and Mining industry in Japan. Total returns to shareholders of 41% over the past three years. Announcement • May 13
Nihon Seiko Co., Ltd., Annual General Meeting, Jun 26, 2025 Nihon Seiko Co., Ltd., Annual General Meeting, Jun 26, 2025. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 26% After last week's 26% share price decline to JP¥3,655, the stock trades at a trailing P/E ratio of 6.5x. Average trailing P/E is 9x in the Metals and Mining industry in Japan. Total returns to shareholders of 12% over the past three years. Announcement • Mar 27
Nihon Seiko Co., Ltd. to Report Fiscal Year 2025 Results on May 13, 2025 Nihon Seiko Co., Ltd. announced that they will report fiscal year 2025 results on May 13, 2025 Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to JP¥4,680, the stock trades at a trailing P/E ratio of 8.3x. Average trailing P/E is 11x in the Metals and Mining industry in Japan. Total returns to shareholders of 35% over the past three years. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥100.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 30 June 2025. Payout ratio is a comfortable 18% but the company is not cash flow positive. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (4.1%). Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to JP¥6,500, the stock trades at a trailing P/E ratio of 11.6x. Average trailing P/E is 10x in the Metals and Mining industry in Japan. Total returns to shareholders of 87% over the past three years. Valuation Update With 7 Day Price Move • Feb 14
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥4,880, the stock trades at a trailing P/E ratio of 8.7x. Average trailing P/E is 10x in the Metals and Mining industry in Japan. Total returns to shareholders of 61% over the past three years. New Risk • Feb 10
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 7.9% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.9% average weekly change). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (JP¥12.0b market cap, or US$78.8m). Reported Earnings • Feb 08
Third quarter 2025 earnings released: EPS: JP¥238 (vs JP¥63.44 in 3Q 2024) Third quarter 2025 results: EPS: JP¥238 (up from JP¥63.44 in 3Q 2024). Revenue: JP¥6.48b (up 78% from 3Q 2024). Net income: JP¥583.0m (up 276% from 3Q 2024). Profit margin: 9.0% (up from 4.3% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. New Risk • Jan 12
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. Share price has been volatile over the past 3 months (6.5% average weekly change). Market cap is less than US$100m (JP¥9.59b market cap, or US$60.8m). Announcement • Dec 03
Nihon Seiko Co., Ltd. to Report Q3, 2025 Results on Feb 07, 2025 Nihon Seiko Co., Ltd. announced that they will report Q3, 2025 results on Feb 07, 2025 Valuation Update With 7 Day Price Move • Nov 29
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to JP¥3,565, the stock trades at a trailing P/E ratio of 9.2x. Average trailing P/E is 9x in the Metals and Mining industry in Japan. Total returns to shareholders of 13% over the past three years. Buy Or Sell Opportunity • Nov 05
Now 23% undervalued Over the last 90 days, the stock has risen 17% to JP¥3,265. The fair value is estimated to be JP¥4,225, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 42%. Reported Earnings • Nov 03
Second quarter 2025 earnings released: EPS: JP¥136 (vs JP¥56.91 in 2Q 2024) Second quarter 2025 results: EPS: JP¥136 (up from JP¥56.91 in 2Q 2024). Revenue: JP¥6.00b (up 47% from 2Q 2024). Net income: JP¥332.0m (up 139% from 2Q 2024). Profit margin: 5.5% (up from 3.4% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 42% 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. Announcement • Sep 27
Nihon Seiko Co., Ltd. to Report Q2, 2025 Results on Nov 01, 2024 Nihon Seiko Co., Ltd. announced that they will report Q2, 2025 results on Nov 01, 2024 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: 04 December 2024. Payout ratio is a comfortable 26% but the company is not cash flow positive. Trailing yield: 2.9%. 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. Share price has been volatile over the past 3 months (8.6% average weekly change). Market cap is less than US$100m (JP¥7.71b market cap, or US$54.8m). Buy Or Sell Opportunity • Sep 09
Now 23% undervalued Over the last 90 days, the stock has risen 18% to JP¥3,310. The fair value is estimated to be JP¥4,287, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 47%. Valuation Update With 7 Day Price Move • Sep 02
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to JP¥3,570, the stock trades at a trailing P/E ratio of 11.6x. Average trailing P/E is 10x in the Metals and Mining industry in Japan. Total returns to shareholders of 6.4% over the past three years. Reported Earnings • Aug 07
First quarter 2025 earnings released: EPS: JP¥111 (vs JP¥9.02 in 1Q 2024) First quarter 2025 results: EPS: JP¥111 (up from JP¥9.02 in 1Q 2024). Revenue: JP¥4.86b (up 28% from 1Q 2024). Net income: JP¥272.0m (up JP¥250.0m from 1Q 2024). Profit margin: 5.6% (up from 0.6% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to JP¥2,600, the stock trades at a trailing P/E ratio of 12.7x. Average trailing P/E is 9x in the Metals and Mining industry in Japan. Total loss to shareholders of 6.3% over the past three years. New Risk • Aug 02
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 5.9% 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 138% Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (5.9% average weekly change). Market cap is less than US$100m (JP¥7.21b market cap, or US$48.5m). Announcement • Jun 28
Nihon Seiko Co., Ltd. to Report Q1, 2025 Results on Aug 02, 2024 Nihon Seiko Co., Ltd. announced that they will report Q1, 2025 results on Aug 02, 2024 Reported Earnings • May 19
Full year 2024 earnings released: EPS: JP¥206 (vs JP¥197 in FY 2023) Full year 2024 results: EPS: JP¥206 (up from JP¥197 in FY 2023). Revenue: JP¥15.6b (down 2.1% from FY 2023). Net income: JP¥502.0m (up 4.4% from FY 2023). Profit margin: 3.2% (up from 3.0% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • May 16
Nihon Seiko Co., Ltd., Annual General Meeting, Jun 27, 2024 Nihon Seiko Co., Ltd., Annual General Meeting, Jun 27, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (3.5%). Announcement • Mar 02
Nihon Seiko Co., Ltd. to Report Fiscal Year 2024 Results on May 14, 2024 Nihon Seiko Co., Ltd. announced that they will report fiscal year 2024 results on May 14, 2024 Reported Earnings • Feb 08
Third quarter 2024 earnings released: EPS: JP¥63.44 (vs JP¥31.55 in 3Q 2023) Third quarter 2024 results: EPS: JP¥63.44 (up from JP¥31.55 in 3Q 2023). Revenue: JP¥3.64b (down 2.2% from 3Q 2023). Net income: JP¥155.0m (up 101% from 3Q 2023). Profit margin: 4.3% (up from 2.1% in 3Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Announcement • Nov 27
Nihon Seiko Co., Ltd. to Report Q3, 2024 Results on Feb 06, 2024 Nihon Seiko Co., Ltd. announced that they will report Q3, 2024 results on Feb 06, 2024 Reported Earnings • Nov 07
Second quarter 2024 earnings released: EPS: JP¥56.91 (vs JP¥56.14 in 2Q 2023) Second quarter 2024 results: EPS: JP¥56.91 (up from JP¥56.14 in 2Q 2023). Revenue: JP¥4.08b (down 3.8% from 2Q 2023). Net income: JP¥139.0m (up 1.5% from 2Q 2023). Profit margin: 3.4% (up from 3.2% in 2Q 2023). The increase in margin was driven by lower expenses. 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 4% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥40.00 per share at 3.0% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 04 December 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.3%). In line with average of industry peers (3.2%). Announcement • Aug 27
Nihon Seiko Co., Ltd. to Report Q2, 2024 Results on Nov 06, 2023 Nihon Seiko Co., Ltd. announced that they will report Q2, 2024 results on Nov 06, 2023 New Risk • Aug 09
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 144% The company is paying a dividend despite having no free cash flows. Dividend yield: 2.9% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 144% Paying a dividend despite having no free cash flows. Minor Risks Profit margins are more than 30% lower than last year (1.3% net profit margin). Market cap is less than US$100m (JP¥6.69b market cap, or US$46.6m). Reported Earnings • Aug 09
First quarter 2024 earnings released: EPS: JP¥9.02 (vs JP¥123 in 1Q 2023) First quarter 2024 results: EPS: JP¥9.02 (down from JP¥123 in 1Q 2023). Revenue: JP¥3.80b (down 13% from 1Q 2023). Net income: JP¥22.0m (down 93% from 1Q 2023). Profit margin: 0.6% (down from 6.9% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 28
Nihon Seiko Co., Ltd. to Report Q1, 2024 Results on Aug 04, 2023 Nihon Seiko Co., Ltd. announced that they will report Q1, 2024 results on Aug 04, 2023 Reported Earnings • May 18
Full year 2023 earnings released: EPS: JP¥197 (vs JP¥631 in FY 2022) Full year 2023 results: EPS: JP¥197 (down from JP¥631 in FY 2022). Revenue: JP¥15.9b (down 6.9% from FY 2022). Net income: JP¥481.0m (down 69% from FY 2022). Profit margin: 3.0% (down from 9.0% in FY 2022). Over the last 3 years on average, earnings per share has increased by 23% 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 14
Nihon Seiko Co., Ltd., Annual General Meeting, Jun 29, 2023 Nihon Seiko Co., Ltd., Annual General Meeting, Jun 29, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥60.00 per share at 4.8% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 27% but the company is not cash flow positive. Trailing yield: 4.8%. Within top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (4.6%). Reported Earnings • Feb 04
Third quarter 2023 earnings released: EPS: JP¥31.55 (vs JP¥142 in 3Q 2022) Third quarter 2023 results: EPS: JP¥31.55 (down from JP¥142 in 3Q 2022). Revenue: JP¥3.72b (down 9.1% from 3Q 2022). Net income: JP¥77.0m (down 78% from 3Q 2022). Profit margin: 2.1% (down from 8.5% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Announcement • Dec 28
Nihon Seiko Co., Ltd. to Report Q3, 2023 Results on Feb 03, 2023 Nihon Seiko Co., Ltd. announced that they will report Q3, 2023 results on Feb 03, 2023 Reported Earnings • Nov 18
Second quarter 2023 earnings released: EPS: JP¥56.14 (vs JP¥172 in 2Q 2022) Second quarter 2023 results: EPS: JP¥56.14 (down from JP¥172 in 2Q 2022). Revenue: JP¥4.24b (down 5.8% from 2Q 2022). Net income: JP¥137.0m (down 67% from 2Q 2022). Profit margin: 3.2% (down from 9.3% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. GM of Sales Department & Director Kyouji Matsuda was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 10
Second quarter 2023 earnings released: EPS: JP¥56.14 (vs JP¥172 in 2Q 2022) Second quarter 2023 results: EPS: JP¥56.14 (down from JP¥172 in 2Q 2022). Revenue: JP¥4.24b (down 5.8% from 2Q 2022). Net income: JP¥137.0m (down 67% from 2Q 2022). Profit margin: 3.2% (down from 9.3% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Sep 28
Nihon Seiko Co., Ltd. to Report Q2, 2023 Results on Nov 08, 2022 Nihon Seiko Co., Ltd. announced that they will report Q2, 2023 results on Nov 08, 2022 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥60.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 02 December 2022. Payout ratio is a comfortable 25% but the company is not cash flow positive. Trailing yield: 3.7%. Within top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (5.4%). Reported Earnings • Aug 05
First quarter 2023 earnings released: EPS: JP¥123 (vs JP¥195 in 1Q 2022) First quarter 2023 results: EPS: JP¥123 (down from JP¥195 in 1Q 2022). Revenue: JP¥4.36b (up 2.3% from 1Q 2022). Net income: JP¥300.0m (down 37% from 1Q 2022). Profit margin: 6.9% (down from 11% 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 52% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Announcement • Jun 04
Nihon Seiko Co., Ltd. to Report Q1, 2023 Results on Aug 04, 2022 Nihon Seiko Co., Ltd. announced that they will report Q1, 2023 results on Aug 04, 2022 Reported Earnings • May 16
Full year 2022 earnings released: EPS: JP¥631 (vs JP¥333 in FY 2021) Full year 2022 results: EPS: JP¥631 (up from JP¥333 in FY 2021). Revenue: JP¥17.1b (up 52% from FY 2021). Net income: JP¥1.54b (up 89% from FY 2021). Profit margin: 9.0% (up from 7.2% 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 45% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Announcement • May 15
Nihon Seiko Co., Ltd., Annual General Meeting, Jun 29, 2022 Nihon Seiko Co., Ltd., Annual General Meeting, Jun 29, 2022. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. GM of Sales Department & Director Kyouji Matsuda was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 08
Nihon Seiko Co., Ltd. to Report Fiscal Year 2022 Results on May 13, 2022 Nihon Seiko Co., Ltd. announced that they will report fiscal year 2022 results on May 13, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥90.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 30 June 2022. Payout ratio is a comfortable 6.3% and the cash payout ratio is 88%. Trailing yield: 4.6%. Within top quartile of Japanese dividend payers (3.4%). In line with 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¥142 (up from JP¥66.38 in 3Q 2021). Revenue: JP¥4.09b (up 47% from 3Q 2021). Net income: JP¥346.0m (up 114% from 3Q 2021). Profit margin: 8.5% (up from 5.8% 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 33% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 07
Second quarter 2022 earnings released: EPS JP¥172 (vs JP¥56.55 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥4.51b (up 89% from 2Q 2021). Net income: JP¥420.0m (up 204% from 2Q 2021). Profit margin: 9.3% (up from 5.8% 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 15% per year whereas the company’s share price has increased by 10% per year. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥50.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 02 December 2021. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.0%). In line with average of industry peers (2.8%). Valuation Update With 7 Day Price Move • Aug 30
Investor sentiment improved over the past week After last week's 19% share price gain to JP¥3,750, the stock trades at a trailing P/E ratio of 8.4x. Average trailing P/E is 10x in the Metals and Mining industry in Japan. Total returns to shareholders of 46% over the past three years. Reported Earnings • Aug 06
First quarter 2022 earnings released: EPS JP¥195 (vs JP¥81.54 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥4.26b (up 67% from 1Q 2021). Net income: JP¥477.0m (up 140% from 1Q 2021). Profit margin: 11% (up from 7.8% 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 5% per year whereas the company’s share price has remained flat. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 24 June 2021. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.5%).