New Risk • Jul 01
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 6.6% 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 (6.6% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.4% net profit margin). Valuation Update With 7 Day Price Move • Jun 18
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to JP¥5,540, the stock trades at a trailing P/E ratio of 12.8x. Average trailing P/E is 13x in the Metals and Mining industry in Japan. Total returns to shareholders of 33% over the past three years. Announcement • Jun 03
CK SAN-ETSU Co., Ltd. to Report Q1, 2027 Results on Aug 07, 2026 CK SAN-ETSU Co., Ltd. announced that they will report Q1, 2027 results on Aug 07, 2026 New Risk • May 15
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: Minor Risks Dividend is not well covered by cash flows (dividend per share is over 5x cash flows per share). Share price has been volatile over the past 3 months (7.0% average weekly change). Profit margins are more than 30% lower than last year (2.4% net profit margin). Reported Earnings • May 15
Full year 2026 earnings released: EPS: JP¥432 (vs JP¥616 in FY 2025) Full year 2026 results: EPS: JP¥432 (down from JP¥616 in FY 2025). Revenue: JP¥149.4b (up 19% from FY 2025). Net income: JP¥3.59b (down 31% from FY 2025). Profit margin: 2.4% (down from 4.2% in FY 2025). 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 increased by 2% per year. Announcement • May 13
CK SAN-ETSU Co., Ltd., Annual General Meeting, Jun 25, 2026 CK SAN-ETSU Co., Ltd., Annual General Meeting, Jun 25, 2026. Announcement • May 09
CK SAN-ETSU Co., Ltd. to Report Fiscal Year 2026 Results on May 13, 2026 CK SAN-ETSU Co., Ltd. announced that they will report fiscal year 2026 results on May 13, 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 48% but the company is paying out more than the cash it is generating. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (2.5%). Reported Earnings • Feb 16
Third quarter 2026 earnings released: JP¥185 loss per share (vs JP¥145 profit in 3Q 2025) Third quarter 2026 results: JP¥185 loss per share (down from JP¥145 profit in 3Q 2025). Revenue: JP¥36.3b (up 14% from 3Q 2025). Net loss: JP¥1.52b (down 224% from profit in 3Q 2025). Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has increased by 1% per year. Announcement • Feb 14
CK SAN-ETSU Co., Ltd. Revises Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2026 CK SAN-ETSU Co., Ltd. revised consolidated earnings guidance for the fiscal year ending March 31, 2026. For the year, the company expects net sales to be JPY 145,000 million against previous guidance of JPY 135,700 million. Operating profit to be JPY 13,000 million against previous guidance of JPY 7,300 million. Profit attributable to owners of parent to be JPY 2,300 million against previous guidance of JPY 4,500 million. Basic earnings per share to be JPY 279.56 against previous guidance of JPY 528.45. Reason for revision: net sales and operating profit are expected to exceed previous forecasts due to increased sales volume in the copper and brass business following acquisition of MITANI SHINDO Co., Ltd., as a consolidated subsidiary on April 1, 2025, and higher prices in copper, which is a key raw material, than initially planned. On the other hand, due to the sharp rise in copper prices since October 2025, the Company group recorded a derivative loss, and a loss on valuation of derivatives as non-operating expenses in derivatives traded for the purpose of avoiding or mitigating the risk of fluctuations in commodity prices of inventories caused by a decline in raw material prices. As a result, ordinary profit and profit attributable to owners of parent are expected to fall below the previous forecasts. Therefore, the company have revised as stated above. Announcement • Dec 13
CK SAN-ETSU Co., Ltd. to Report Q3, 2026 Results on Feb 13, 2026 CK SAN-ETSU Co., Ltd. announced that they will report Q3, 2026 results on Feb 13, 2026 Declared Dividend • Dec 03
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 2.3%, which is lower than the industry average of 3.4%. Sustainability & Growth Dividend is covered by earnings (18% earnings payout ratio) but not covered by cash flows (dividend approximately 5x free cash flows). The dividend has increased by an average of 18% per year over the past 9 years. However, payments have been volatile during that time. Earnings per share has grown by 30% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 15
Second quarter 2026 earnings released: EPS: JP¥20.19 (vs JP¥328 in 2Q 2025) Second quarter 2026 results: EPS: JP¥20.19 (down from JP¥328 in 2Q 2025). Revenue: JP¥33.6b (up 7.4% from 2Q 2025). Net income: JP¥168.0m (down 94% from 2Q 2025). Profit margin: 0.5% (down from 8.9% in 2Q 2025). Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has fallen by 2% per year. Announcement • Nov 12
CK SAN-ETSU Co., Ltd. Announces Dividend for Second Quarter-End of Fiscal Year Ending, March 31, 2026, Payable on December 2, 2025 CK SAN-ETSU Co., Ltd. announced dividend for second quarter-end of fiscal year ending, March 31, 2026. For the second quarter of 2026, the company announced dividend of JPY 45 per share against JPY 45 per share from a year ago. Scheduled date to commence dividend payments: December 2, 2025. Buy Or Sell Opportunity • Nov 07
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.1% to JP¥4,035. The fair value is estimated to be JP¥5,093, however this is not to be taken as a buy recommendation but rather should be used as a guide only. 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: 03 December 2025. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (3.2%). Announcement • Sep 03
CK SAN-ETSU Co., Ltd. to Report Q2, 2026 Results on Nov 12, 2025 CK SAN-ETSU Co., Ltd. announced that they will report Q2, 2026 results on Nov 12, 2025 Reported Earnings • Aug 08
First quarter 2026 earnings released: EPS: JP¥220 (vs JP¥15.51 in 1Q 2025) First quarter 2026 results: EPS: JP¥220 (up from JP¥15.51 in 1Q 2025). Revenue: JP¥35.4b (up 17% from 1Q 2025). Net income: JP¥1.85b (up JP¥1.72b from 1Q 2025). Profit margin: 5.2% (up from 0.4% 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 1% per year whereas the company’s share price has fallen by 1% 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: 3rd December 2025 Dividend yield will be 2.4%, which is lower than the industry average of 3.4%. Sustainability & Growth Dividend is well covered by both earnings (15% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 21% per year over the past 8 years. However, payments have been volatile during that time. Earnings per share has grown by 8.2% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Jun 20
CK SAN-ETSU Co., Ltd. to Report Q1, 2026 Results on Aug 07, 2025 CK SAN-ETSU Co., Ltd. announced that they will report Q1, 2026 results on Aug 07, 2025 Announcement • May 14
CK SAN-ETSU Co., Ltd. (TSE:5757) announces an Equity Buyback for 250,000 shares, representing 2.83% for ¥950 million. CK SAN-ETSU Co., Ltd. (TSE:5757) announces a share repurchase program. Under the program, the company will repurchase up to 250,000 shares, representing 2.83% of its issued share capital (excluding treasury stock), for a total purchase price of ¥950 million. The shares will be repurchased at a price of ¥3,800 per share. The purpose of the program is to order to implement a flexible capital policy that responds to changes in the business environment. As of April 30, 2025, the company has 8,831,404 issued shares (excluding treasury stock) and 35,596 treasury shares. Reported Earnings • May 13
Full year 2025 earnings released: EPS: JP¥616 (vs JP¥458 in FY 2024) Full year 2025 results: EPS: JP¥616 (up from JP¥458 in FY 2024). Revenue: JP¥125.1b (up 12% from FY 2024). Net income: JP¥5.21b (up 37% from FY 2024). Profit margin: 4.2% (up from 3.4% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 3% per year. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to JP¥3,100, the stock trades at a trailing P/E ratio of 5.7x. Average trailing P/E is 9x in the Metals and Mining industry in Japan. Total loss to shareholders of 18% over the past three years. 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: 30 June 2025. Payout ratio is a comfortable 6.4% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (4.1%). Announcement • Mar 01
CK SAN-ETSU Co., Ltd. to Report Fiscal Year 2025 Results on May 12, 2025 CK SAN-ETSU Co., Ltd. announced that they will report fiscal year 2025 results on May 12, 2025 Reported Earnings • Feb 16
Third quarter 2025 earnings released: EPS: JP¥145 (vs JP¥201 in 3Q 2024) Third quarter 2025 results: EPS: JP¥145 (down from JP¥201 in 3Q 2024). Revenue: JP¥32.0b (up 13% from 3Q 2024). Net income: JP¥1.23b (down 27% from 3Q 2024). Profit margin: 3.8% (down from 5.9% 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 8% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • Jan 21
CK SAN-ETSU Co., Ltd. (TSE:5757) agreed to acquire an additional 71.15% stake in Mitani Shindo Co., Ltd. from Mitsui Mining & Smelting Co., Ltd. (TSE:5706) for ¥2.6 billion. CK SAN-ETSU Co., Ltd. (TSE:5757) agreed to acquire an additional 71.15% stake in Mitani Shindo Co., Ltd. from Mitsui Mining & Smelting Co., Ltd. (TSE:5706) for ¥2.6 billion on January 21, 2025. Upon completion, CK SAN-ETSU Co., Ltd. will own 75.20% stake in Mitani Shindo Co., Ltd.
For the period ending March 31, 2024, Mitani Shindo Co., Ltd. reported total revenue of ¥11.86 billion, EBIT of ¥46 million, net income of ¥120 million, total assets of ¥7.11 billion and total common equity of ¥2.94 billion.
The expected completion of the transaction is April 1, 2025. Announcement • Dec 14
CK SAN-ETSU Co., Ltd. to Report Q3, 2025 Results on Feb 14, 2025 CK SAN-ETSU Co., Ltd. announced that they will report Q3, 2025 results on Feb 14, 2025 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: 05 December 2024. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (4.3%). Reported Earnings • Aug 18
First quarter 2025 earnings released: EPS: JP¥15.51 (vs JP¥141 in 1Q 2024) First quarter 2025 results: EPS: JP¥15.51 (down from JP¥141 in 1Q 2024). Revenue: JP¥30.3b (up 4.4% from 1Q 2024). Net income: JP¥130.0m (down 89% from 1Q 2024). Profit margin: 0.4% (down from 4.0% in 1Q 2024). 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 1% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Aug 18
Now 24% overvalued Over the last 90 days, the stock has fallen 15% to JP¥3,300. The fair value is estimated to be JP¥2,671, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.2% over the last 3 years. Earnings per share has declined by 5.5%. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥2,984, the stock trades at a trailing P/E ratio of 6.6x. Average trailing P/E is 9x in the Metals and Mining industry in Japan. Total returns to shareholders of 9.7% over the past three years. Reported Earnings • May 16
Full year 2024 earnings released: EPS: JP¥458 (vs JP¥644 in FY 2023) Full year 2024 results: EPS: JP¥458 (down from JP¥644 in FY 2023). Revenue: JP¥111.4b (down 10.0% from FY 2023). Net income: JP¥3.82b (down 28% from FY 2023). Profit margin: 3.4% (down from 4.3% in FY 2023). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • May 15
CK SAN-ETSU Co., Ltd., Annual General Meeting, Jun 27, 2024 CK SAN-ETSU Co., Ltd., Annual General Meeting, Jun 27, 2024. Announcement • Mar 29
CK SAN-ETSU Co., Ltd. to Report Fiscal Year 2024 Results on May 13, 2024 CK SAN-ETSU Co., Ltd. announced that they will report fiscal year 2024 results on May 13, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥35.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 21 June 2024. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (3.5%). Reported Earnings • Feb 15
Third quarter 2024 earnings released: EPS: JP¥201 (vs JP¥99.33 in 3Q 2023) Third quarter 2024 results: EPS: JP¥201 (up from JP¥99.33 in 3Q 2023). Revenue: JP¥28.3b (down 7.2% from 3Q 2023). Net income: JP¥1.68b (up 105% from 3Q 2023). Profit margin: 5.9% (up from 2.7% in 3Q 2023). The increase in margin was driven by lower expenses. 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 1% per year, which means it is significantly lagging earnings. Announcement • Dec 15
CK SAN-ETSU Co., Ltd. to Report Q3, 2024 Results on Feb 13, 2024 CK SAN-ETSU Co., Ltd. announced that they will report Q3, 2024 results on Feb 13, 2024 Reported Earnings • Nov 18
Second quarter 2024 earnings released: EPS: JP¥57.33 (vs JP¥150 in 2Q 2023) Second quarter 2024 results: EPS: JP¥57.33 (down from JP¥150 in 2Q 2023). Revenue: JP¥26.5b (down 13% from 2Q 2023). Net income: JP¥477.0m (down 61% from 2Q 2023). Profit margin: 1.8% (down from 4.1% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Sep 21
CK SAN-ETSU Co., Ltd. to Report Q2, 2024 Results on Nov 14, 2023 CK SAN-ETSU Co., Ltd. announced that they will report Q2, 2024 results on Nov 14, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of JP¥35.00 per share at 1.9% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 06 December 2023. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.3%). Lower than average of industry peers (3.2%). New Risk • Aug 12
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: 3.1% Last year net profit margin: 4.5% 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 (3.1% net profit margin). Shareholders have been diluted in the past year (2.6% increase in shares outstanding). Reported Earnings • Aug 12
First quarter 2024 earnings released: EPS: JP¥141 (vs JP¥334 in 1Q 2023) First quarter 2024 results: EPS: JP¥141 (down from JP¥334 in 1Q 2023). Revenue: JP¥29.1b (down 15% from 1Q 2023). Net income: JP¥1.17b (down 58% from 1Q 2023). Profit margin: 4.0% (down from 8.1% 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 47% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. New Risk • Jul 13
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.6% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. 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. Shareholders have been diluted in the past year (2.6% increase in shares outstanding). Announcement • Jun 30
CK SAN-ETSU Co., Ltd. to Report Q1, 2024 Results on Aug 10, 2023 CK SAN-ETSU Co., Ltd. announced that they will report Q1, 2024 results on Aug 10, 2023 Reported Earnings • Jun 22
Full year 2023 earnings released: EPS: JP¥644 (vs JP¥517 in FY 2022) Full year 2023 results: EPS: JP¥644 (up from JP¥517 in FY 2022). Revenue: JP¥123.8b (up 7.4% from FY 2022). Net income: JP¥5.32b (up 23% from FY 2022). Profit margin: 4.3% (up from 3.7% 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 45% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 15
Full year 2023 earnings released: EPS: JP¥644 (vs JP¥517 in FY 2022) Full year 2023 results: EPS: JP¥644 (up from JP¥517 in FY 2022). Revenue: JP¥123.8b (up 7.4% from FY 2022). Net income: JP¥5.32b (up 23% from FY 2022). Profit margin: 4.3% (up from 3.7% 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 45% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Announcement • May 14
CK SAN-ETSU Co., Ltd., Annual General Meeting, Jun 20, 2023 CK SAN-ETSU Co., Ltd., Annual General Meeting, Jun 20, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥40.00 per share at 1.5% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 22 June 2023. Payout ratio is a comfortable 4.5% but the company is not cash flow positive. Trailing yield: 1.5%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (4.6%). Reported Earnings • Feb 14
Third quarter 2023 earnings released: EPS: JP¥99.33 (vs JP¥39.05 in 3Q 2022) Third quarter 2023 results: EPS: JP¥99.33 (up from JP¥39.05 in 3Q 2022). Revenue: JP¥30.5b (up 5.7% from 3Q 2022). Net income: JP¥819.0m (up 150% from 3Q 2022). Profit margin: 2.7% (up from 1.1% 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 41% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Dec 26
CK SAN-ETSU Co., Ltd. to Report Q3, 2023 Results on Feb 13, 2023 CK SAN-ETSU Co., Ltd. announced that they will report Q3, 2023 results on Feb 13, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: JP¥150 (vs JP¥206 in 2Q 2022) Second quarter 2023 results: EPS: JP¥150 (down from JP¥206 in 2Q 2022). Revenue: JP¥30.3b (up 6.6% from 2Q 2022). Net income: JP¥1.23b (down 28% from 2Q 2022). Profit margin: 4.1% (down from 6.1% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 30% 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
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 6 highly experienced directors. 4 independent directors (6 non-independent directors). Outside Independent Director Masao Yamada was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 13
Second quarter 2023 earnings released: EPS: JP¥150 (vs JP¥206 in 2Q 2022) Second quarter 2023 results: EPS: JP¥150 (down from JP¥206 in 2Q 2022). Revenue: JP¥30.3b (up 6.6% from 2Q 2022). Net income: JP¥1.23b (down 28% from 2Q 2022). Profit margin: 4.1% (down from 6.1% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 07 December 2022. Payout ratio is a comfortable 9.1% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (5.4%). Reported Earnings • Aug 16
First quarter 2023 earnings released: EPS: JP¥334 (vs JP¥188 in 1Q 2022) First quarter 2023 results: EPS: JP¥334 (up from JP¥188 in 1Q 2022). Revenue: JP¥34.0b (up 23% from 1Q 2022). Net income: JP¥2.76b (up 77% from 1Q 2022). Profit margin: 8.1% (up from 5.6% in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 13% per year. Announcement • Jul 24
CK SAN-ETSU Co., Ltd. to Report Q1, 2023 Results on Aug 12, 2022 CK SAN-ETSU Co., Ltd. announced that they will report Q1, 2023 results on Aug 12, 2022 Reported Earnings • Jun 24
Full year 2022 earnings released: EPS: JP¥517 (vs JP¥21.14 in FY 2021) Full year 2022 results: EPS: JP¥517 (up from JP¥21.14 in FY 2021). Revenue: JP¥115.3b (up 67% from FY 2021). Net income: JP¥4.31b (up JP¥4.14b from FY 2021). Profit margin: 3.7% (up from 0.3% in FY 2021). 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 10% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 18
Full year 2022 earnings released: EPS: JP¥517 (vs JP¥21.14 in FY 2021) Full year 2022 results: EPS: JP¥517 (up from JP¥21.14 in FY 2021). Revenue: JP¥115.3b (up 67% from FY 2021). Net income: JP¥4.31b (up JP¥4.14b from FY 2021). Profit margin: 3.7% (up from 0.3% in FY 2021). 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 13% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 15
CK SAN-ETSU Co., Ltd., Annual General Meeting, Jun 21, 2022 CK SAN-ETSU Co., Ltd., Annual General Meeting, Jun 21, 2022. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 3 experienced directors. 6 highly experienced directors. 4 independent directors (6 non-independent directors). Outside Independent Director Masao Yamada was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Apr 23
CK SAN-ETSU Co., Ltd. to Report Fiscal Year 2022 Results on May 13, 2022 CK SAN-ETSU Co., Ltd. announced that they will report fiscal year 2022 results on May 13, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 23 June 2022. Payout ratio is a comfortable 11% but the company is not cash flow positive. Trailing yield: 1.5%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (4.7%). Reported Earnings • Feb 17
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥39.05 (up from JP¥23.07 in 3Q 2021). Revenue: JP¥28.9b (up 57% from 3Q 2021). Net income: JP¥328.0m (up 73% from 3Q 2021). Profit margin: 1.1% (up from 1.0% 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 fallen by 11% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Reported Earnings • Nov 13
Second quarter 2022 earnings released: EPS JP¥206 (vs JP¥15.44 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥28.4b (up 114% from 2Q 2021). Net income: JP¥1.72b (up JP¥1.60b from 2Q 2021). Profit margin: 6.1% (up from 1.0% in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 08 December 2021. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.0%). Lower than average of industry peers (2.8%). Reported Earnings • Jun 25
Full year 2021 earnings released: EPS JP¥21.14 (vs JP¥424 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥69.1b (down 8.4% from FY 2020). Net income: JP¥174.0m (down 95% from FY 2020). Profit margin: 0.3% (down from 4.6% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Reported Earnings • May 14
Full year 2021 earnings released: EPS JP¥21.14 (vs JP¥424 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥69.1b (down 8.4% from FY 2020). Net income: JP¥174.0m (down 95% from FY 2020). Profit margin: 0.3% (down from 4.6% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 24 June 2021. Trailing yield: 1.4%. Lower than top quartile of Japanese dividend payers (2.7%). In line with average of industry peers (1.5%). Is New 90 Day High Low • Mar 11
New 90-day high: JP¥3,980 The company is up 1.0% from its price of JP¥3,940 on 11 December 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 17% over the same period. Reported Earnings • Feb 14
Third quarter 2021 earnings released: EPS JP¥23.07 (vs JP¥43.91 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥18.5b (down 1.0% from 3Q 2020). Net income: JP¥190.0m (down 47% from 3Q 2020). Profit margin: 1.0% (down from 1.9% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Announcement • Dec 30
CK SAN-ETSU Co., Ltd. to Report Q3, 2021 Results on Feb 12, 2021 CK SAN-ETSU Co., Ltd. announced that they will report Q3, 2021 results on Feb 12, 2021 Is New 90 Day High Low • Dec 02
New 90-day high: JP¥3,970 The company is up 18% from its price of JP¥3,355 on 03 September 2020. The Japanese market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 10.0% over the same period. Announcement • Oct 08
CK SAN-ETSU Co., Ltd. to Report Q2, 2021 Results on Nov 13, 2020 CK SAN-ETSU Co., Ltd. announced that they will report Q2, 2021 results on Nov 13, 2020 Announcement • Jul 31
Kyowa Exeo Corporation (TSE:1951) acquired an unknown minority stake in CK SAN-ETSU Co., Ltd. (TSE:5757) from Tetsuo Sasaki. Kyowa Exeo Corporation (TSE:1951) acquired an unknown minority stake in CK SAN-ETSU Co., Ltd. (TSE:5757) from Tetsuo Sasaki on April 1, 2020.
Kyowa Exeo Corporation (TSE:1951) completed the acquisition of an unknown minority stake in CK SAN-ETSU Co., Ltd. (TSE:5757) from Tetsuo Sasaki on April 1, 2020. Announcement • Jul 05
CK SAN-ETSU Co., Ltd. to Report Q1, 2021 Results on Aug 06, 2020 CK SAN-ETSU Co., Ltd. announced that they will report Q1, 2021 results on Aug 06, 2020 
