Upcoming Dividend • Jun 22
Upcoming dividend of JP¥14.00 per share Eligible shareholders must have bought the stock before 29 June 2026. Payment date: 28 September 2026. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of Japanese dividend payers (3.9%). Lower than average of industry peers (2.9%). Announcement • Jun 18
Maeda Kosen Co., Ltd. to Report Fiscal Year 2026 Results on Aug 07, 2026 Maeda Kosen Co., Ltd. announced that they will report fiscal year 2026 results on Aug 07, 2026 Reported Earnings • May 19
Third quarter 2026 earnings released: EPS: JP¥27.09 (vs JP¥30.37 in 3Q 2025) Third quarter 2026 results: EPS: JP¥27.09 (down from JP¥30.37 in 3Q 2025). Revenue: JP¥16.3b (up 8.8% from 3Q 2025). Net income: JP¥1.82b (down 12% from 3Q 2025). Profit margin: 11% (down from 14% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 4.8% 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 but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • May 16
Maeda Kosen Co., Ltd. (TSE:7821) announces an Equity Buyback for 500,000 shares, representing 0.74% for ¥1,000 million. Maeda Kosen Co., Ltd. (TSE:7821) announces a share repurchase program. Under the program, the company will repurchase 500,000 shares, representing 0.74% of the outstanding shares for ¥1,000 million. The program will run until September 30, 2026. As of March 31, 2026, the company had 67,186,037 shares outstanding and 894,575 shares in treasury. Buy Or Sell Opportunity • Apr 21
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.7% to JP¥1,849. The fair value is estimated to be JP¥2,314, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last year. Earnings per share has grown by 7.1%. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to grow by 0.4% in the next 2 years. Buy Or Sell Opportunity • Mar 23
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.5% to JP¥1,893. The fair value is estimated to be JP¥2,404, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last year. Earnings per share has grown by 7.1%. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to grow by 0.4% in the next 2 years. Price Target Changed • Mar 05
Price target increased by 7.7% to JP¥2,800 Up from JP¥2,600, the current price target is an average from 2 analysts. New target price is 27% above last closing price of JP¥2,207. Stock is up 18% over the past year. The company is forecast to post earnings per share of JP¥127 for next year compared to JP¥140 last year. Declared Dividend • Feb 26
First half dividend of JP¥14.00 announced Dividend of JP¥14.00 is the same as last year. Ex-date: 29th June 2026 Payment date: 28th September 2026 Dividend yield will be 1.3%, which is lower than the industry average of 2.5%. Sustainability & Growth Dividend is well covered by both earnings (9% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 8.7% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 15
Second quarter 2026 earnings released: EPS: JP¥42.13 (vs JP¥38.87 in 2Q 2025) Second quarter 2026 results: EPS: JP¥42.13 (up from JP¥38.87 in 2Q 2025). Revenue: JP¥19.2b (up 14% from 2Q 2025). Net income: JP¥2.83b (up 7.0% from 2Q 2025). Profit margin: 15% (in line with 2Q 2025). Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Basic Materials industry in Japan. Announcement • Feb 14
Maeda Kosen Co., Ltd. Announces Dividend for the Six Months Ended December 31, 2025, Payable on February 25, 2026 Maeda Kosen Co., Ltd. announced dividend of JPY 14.00 per share for the six months ended December 31, 2025 against JPY 12.00 per share paid a year ago. Scheduled date to commence dividend payments is February 25, 2026. Buy Or Sell Opportunity • Jan 27
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.7% to JP¥1,886. The fair value is estimated to be JP¥2,364, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last year. Earnings per share has grown by 11%. Revenue is forecast to grow by 14% in 2 years. Earnings are forecast to decline by 0.8% in the next 2 years. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥14.00 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 25 February 2026. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (2.8%). Announcement • Dec 03
Maeda Kosen Co., Ltd. to Report Q2, 2026 Results on Feb 13, 2026 Maeda Kosen Co., Ltd. announced that they will report Q2, 2026 results on Feb 13, 2026 Reported Earnings • Nov 18
First quarter 2026 earnings released: EPS: JP¥38.43 (vs JP¥33.74 in 1Q 2025) First quarter 2026 results: EPS: JP¥38.43 (up from JP¥33.74 in 1Q 2025). Revenue: JP¥18.7b (up 20% from 1Q 2025). Net income: JP¥2.58b (up 12% from 1Q 2025). Profit margin: 14% (in line with 1Q 2025). Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Basic Materials industry in Japan. Declared Dividend • Oct 05
Final dividend of JP¥14.00 announced Shareholders will receive a dividend of JP¥14.00. Ex-date: 29th December 2025 Payment date: 25th February 2026 Dividend yield will be 1.5%, which is lower than the industry average of 2.5%. Sustainability & Growth Dividend is well covered by both earnings (17% earnings payout ratio) and cash flows (17% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 8.2% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Sep 23
Maeda Kosen Co., Ltd. to Report Q1, 2026 Results on Nov 14, 2025 Maeda Kosen Co., Ltd. announced that they will report Q1, 2026 results on Nov 14, 2025 Reported Earnings • Aug 09
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: JP¥140 (up from JP¥127 in FY 2024). Revenue: JP¥64.1b (up 15% from FY 2024). Net income: JP¥9.49b (up 19% from FY 2024). Profit margin: 15% (in line with FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.5%. Revenue is forecast to grow 9.5% p.a. on average during the next 2 years, compared to a 4.2% growth forecast for the Basic Materials industry in Japan. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Aug 08
Maeda Kosen Co., Ltd., Annual General Meeting, Sep 25, 2025 Maeda Kosen Co., Ltd., Annual General Meeting, Sep 25, 2025. Announcement • Jun 27
Maeda Kosen Co., Ltd. to Report Fiscal Year 2025 Results on Aug 08, 2025 Maeda Kosen Co., Ltd. announced that they will report fiscal year 2025 results on Aug 08, 2025 Upcoming Dividend • Jun 20
Upcoming dividend of JP¥12.00 per share Eligible shareholders must have bought the stock before 27 June 2025. Payment date: 29 September 2025. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of Japanese dividend payers (4.0%). Lower than average of industry peers (3.0%). Reported Earnings • May 20
Third quarter 2025 earnings released: EPS: JP¥30.37 (vs JP¥29.81 in 3Q 2024) Third quarter 2025 results: EPS: JP¥30.37 (up from JP¥29.81 in 3Q 2024). Revenue: JP¥15.0b (up 12% from 3Q 2024). Net income: JP¥2.07b (up 13% from 3Q 2024). Profit margin: 14% (in line with 3Q 2024). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Basic Materials industry in Japan. 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 16% per year, which means it is significantly lagging earnings growth. Announcement • Apr 03
Maeda Kosen Co., Ltd. (TSE:7821) acquired Maedakosen Industrial Products Co., Ltd. from Mitsui Chemicals, Inc. (TSE:4183) for ¥5.5 billion. Maeda Kosen Co., Ltd. (TSE:7821) entered into a share transfer agreement to acquire Mitsui Chemicals Industrial Products Ltd. from Mitsui Chemicals, Inc. (TSE:4183) for ¥5.5 billion on June 26, 2024. A cash consideration of ¥5.5 billion will be paid by Maeda Kosen for 311 shares. Post completion of the acquisition, Mitsui Chemicals Industrial Product's name will be changed. For the period ending March 31, 2024, Mitsui Chemicals Industrial Products. reported total revenue of ¥9.01 billion, EBIT of ¥161 million and net income of ¥88 million. As of March 31, 2024, Mitsui Chemicals Industrial Products. reported total assets of ¥7.25 billion and total common equity of ¥5.58 billion. The execution of the share acquisition is subject to approval by regulatory authorities under the Antimonopoly Act and other closing conditions being satisfied. The expected completion of the transaction is April 1, 2025.
Maeda Kosen Co., Ltd. (TSE:7821) completed the acquisition of Maedakosen Industrial Products Co., Ltd from Mitsui Chemicals, Inc. (TSE:4183) on April 1, 2025. On completion, Mitsui Chemicals Industrial Products Ltd. changed its name to Maeda Kosen Industrial Products Co., Ltd. on April 1, 2025. Announcement • Mar 25
Maeda Kosen Co., Ltd. to Report Q3, 2025 Results on May 15, 2025 Maeda Kosen Co., Ltd. announced that they will report Q3, 2025 results on May 15, 2025 Declared Dividend • Feb 26
First half dividend of JP¥12.00 announced Shareholders will receive a dividend of JP¥12.00. Ex-date: 27th June 2025 Payment date: 29th September 2025 Dividend yield will be 1.4%, which is lower than the industry average of 2.5%. Sustainability & Growth Dividend is well covered by both earnings (8% earnings payout ratio) and cash flows (17% cash payout ratio). The dividend has increased by an average of 20% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 4.0% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 16
Second quarter 2025 earnings released: EPS: JP¥38.87 (vs JP¥31.28 in 2Q 2024) Second quarter 2025 results: EPS: JP¥38.87 (up from JP¥31.28 in 2Q 2024). Revenue: JP¥16.9b (up 15% from 2Q 2024). Net income: JP¥2.65b (up 39% from 2Q 2024). Profit margin: 16% (up from 13% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Basic Materials industry in Japan. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Feb 15
Maeda Kosen Co., Ltd. Announces Interim Dividend for Second Quarter-End of the Fiscal Year Ending June 30, 2025, Payable on February 25, 2025 Maeda Kosen Co., Ltd. announced interim dividend for second quarter-end of the fiscal year ending June 30, 2025,. For the year, the company announced dividend of JPY 12.00 per share against JPY 20.00 per share. Effective date is February 25, 2025. Record date is December 31, 2024. Announcement • Jan 03
Maeda Kosen Co., Ltd. to Report Q2, 2025 Results on Feb 14, 2025 Maeda Kosen Co., Ltd. announced that they will report Q2, 2025 results on Feb 14, 2025 Announcement • Dec 21
Maeda Kosen Co., Ltd. (TSE:7821) acquired SAIKOBO Co., Ltd. Maeda Kosen Co., Ltd. (TSE:7821) agreed to acquire SAIKOBO Co., Ltd. on December 1, 2024.
For the period ending December 31, 2023, SAIKOBO Co., Ltd. reported total revenue of ¥1.22 billion. As of December 31, 2023, SAIKOBO Co., Ltd. reported total assets of ¥1.79 billion and total common equity of ¥1.28 billion.
Maeda Kosen Co., Ltd. (TSE:7821) completed the acquisition of SAIKOBO Co., Ltd. on December 19, 2024. Upcoming Dividend • Dec 20
Upcoming dividend of JP¥11.00 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 26 February 2025. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (3.0%). Reported Earnings • Nov 17
First quarter 2025 earnings released: EPS: JP¥33.74 (vs JP¥30.63 in 1Q 2024) First quarter 2025 results: EPS: JP¥33.74 (up from JP¥30.63 in 1Q 2024). Revenue: JP¥15.7b (up 14% from 1Q 2024). Net income: JP¥2.29b (up 23% from 1Q 2024). Profit margin: 15% (up from 14% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 4.7% 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 fallen by 1% per year, which means it is significantly lagging earnings. Declared Dividend • Oct 10
Final dividend of JP¥11.00 announced Shareholders will receive a dividend of JP¥11.00. Ex-date: 27th December 2024 Payment date: 26th February 2025 Dividend yield will be 1.8%, which is lower than the industry average of 2.5%. Sustainability & Growth Dividend is well covered by both earnings (14% earnings payout ratio) and cash flows (16% cash payout ratio). The dividend has increased by an average of 20% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 52% over the next 3 years. However, it would need to fall by 84% to increase the payout ratio to a potentially unsustainable range. Announcement • Oct 01
Maeda Kosen Co., Ltd. to Report Q1, 2025 Results on Nov 14, 2024 Maeda Kosen Co., Ltd. announced that they will report Q1, 2025 results on Nov 14, 2024 Reported Earnings • Aug 13
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: JP¥127 (up from JP¥84.73 in FY 2023). Revenue: JP¥55.8b (up 11% from FY 2023). Net income: JP¥7.98b (up 52% from FY 2023). Profit margin: 14% (up from 11% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 11%. Revenue is forecast to grow 6.1% p.a. on average 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 21% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Announcement • Aug 09
Maeda Kosen Co., Ltd., Annual General Meeting, Sep 26, 2024 Maeda Kosen Co., Ltd., Annual General Meeting, Sep 26, 2024. 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¥1,347, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 11x in the Basic Materials industry in Japan. Total loss to shareholders of 21% over the past three years. Announcement • Jun 27
Maeda Kosen Co., Ltd. to Report Fiscal Year 2024 Results on Aug 09, 2024 Maeda Kosen Co., Ltd. announced that they will report fiscal year 2024 results on Aug 09, 2024 Reported Earnings • May 17
Third quarter 2024 earnings released: EPS: JP¥59.62 (vs JP¥56.42 in 3Q 2023) Third quarter 2024 results: EPS: JP¥59.62 (up from JP¥56.42 in 3Q 2023). Revenue: JP¥13.5b (up 5.2% from 3Q 2023). Net income: JP¥1.83b (up 6.9% from 3Q 2023). Profit margin: 14% (in line with 3Q 2023). Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 3.3% 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 fallen by 2% per year, which means it is significantly lagging earnings. Announcement • May 16
Maeda Kosen Co., Ltd. Provides Consolidated Earnings Guidance for the Full Year Ending June 30, 2024 Maeda Kosen Co., Ltd. provides consolidated earnings guidance for the full year ending June 30, 2024. For the period, the company expects net sales to be ¥54,500 million, operating profit to be ¥10,100 million, ordinary profit to be ¥10,000 million, profit attributable to owners of parent to be ¥6,800 million or earnings per share to be ¥223.89. New Risk • May 12
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.4% 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. This is currently the only risk that has been identified for the company. Announcement • Mar 27
Maeda Kosen Co., Ltd. to Report Q3, 2024 Results on May 15, 2024 Maeda Kosen Co., Ltd. announced that they will report Q3, 2024 results on May 15, 2024 Major Estimate Revision • Feb 21
Consensus EPS estimates increase by 15% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from JP¥212 to JP¥244. Revenue forecast steady at JP¥55.7b. Net income forecast to grow 16% next year vs 16% growth forecast for Basic Materials industry in Japan. Consensus price target broadly unchanged at JP¥4,600. Share price rose 8.3% to JP¥3,395 over the past week. Declared Dividend • Feb 19
First half dividend of JP¥20.00 announced Shareholders will receive a dividend of JP¥20.00. Ex-date: 27th June 2024 Payment date: 30th September 2024 Dividend yield will be 1.2%, which is lower than the industry average of 2.5%. Sustainability & Growth The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. Reported Earnings • Feb 16
Second quarter 2024 earnings released: EPS: JP¥62.56 (vs JP¥56.42 in 2Q 2023) Second quarter 2024 results: EPS: JP¥62.56 (up from JP¥56.42 in 2Q 2023). Revenue: JP¥14.7b (up 15% from 2Q 2023). Net income: JP¥1.90b (up 11% from 2Q 2023). Profit margin: 13% (in line with 2Q 2023). Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 3.0% 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 4% per year, which means it is significantly lagging earnings growth. Announcement • Dec 24
Maeda Kosen Co., Ltd. to Report Q2, 2024 Results on Feb 14, 2024 Maeda Kosen Co., Ltd. announced that they will report Q2, 2024 results on Feb 14, 2024 Upcoming Dividend • Dec 21
Upcoming dividend of JP¥15.00 per share at 1.0% yield Eligible shareholders must have bought the stock before 28 December 2023. Payment date: 20 February 2024. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Japanese dividend payers (3.5%). Lower than average of industry peers (2.8%). Reported Earnings • Nov 17
First quarter 2024 earnings released First quarter 2024 results: EPS: JP¥61.27. Net income: JP¥1.86b (up JP¥1.86b from 1Q 2023). Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 3.4% 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 3% per year, which means it is significantly lagging earnings growth. Announcement • Sep 28
Maeda Kosen Co., Ltd. to Report Q1, 2024 Results on Nov 14, 2023 Maeda Kosen Co., Ltd. announced that they will report Q1, 2024 results on Nov 14, 2023 Major Estimate Revision • Aug 24
Consensus EPS estimates fall by 10% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from JP¥55.8b to JP¥55.0b. EPS estimate also fell from JP¥224 per share to JP¥201 per share. Net income forecast to grow 16% next year vs 20% growth forecast for Basic Materials industry in Japan. Consensus price target of JP¥4,483 unchanged from last update. Share price was steady at JP¥3,115 over the past week. Reported Earnings • Aug 12
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: JP¥169 (up from JP¥133 in FY 2022). Revenue: JP¥50.2b (up 13% from FY 2022). Net income: JP¥5.26b (up 26% from FY 2022). Profit margin: 11% (up from 9.4% in FY 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) also missed analyst estimates by 2.9%. Revenue is forecast to grow 5.5% 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 20% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Aug 12
Maeda Kosen Co., Ltd., Annual General Meeting, Sep 28, 2023 Maeda Kosen Co., Ltd., Annual General Meeting, Sep 28, 2023. Announcement • Jun 29
Maeda Kosen Co., Ltd. to Report Fiscal Year 2023 Results on Aug 10, 2023 Maeda Kosen Co., Ltd. announced that they will report fiscal year 2023 results on Aug 10, 2023 Upcoming Dividend • Jun 22
Upcoming dividend of JP¥14.00 per share at 0.9% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 29 September 2023. Trailing yield: 0.9%. Lower than top quartile of Japanese dividend payers (3.5%). Lower than average of industry peers (2.7%). Major Estimate Revision • Jun 03
Consensus EPS estimates fall by 17% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from JP¥204 to JP¥168. Revenue forecast unchanged from JP¥51.0b at last update. Net income forecast to grow 22% next year vs 20% growth forecast for Basic Materials industry in Japan. Consensus price target broadly unchanged at JP¥4,483. Share price was steady at JP¥3,000 over the past week. Announcement • Dec 28
Maeda Kosen Co., Ltd. to Report Q2, 2023 Results on Feb 14, 2023 Maeda Kosen Co., Ltd. announced that they will report Q2, 2023 results on Feb 14, 2023 Upcoming Dividend • Dec 22
Upcoming dividend of JP¥14.00 per share Eligible shareholders must have bought the stock before 29 December 2022. Payment date: 09 May 2023. Payout ratio is a comfortable 24% but the company is not cash flow positive. Trailing yield: 0.9%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (3.1%). Price Target Changed • Nov 24
Price target increased to JP¥4,517 Up from JP¥4,217, the current price target is an average from 3 analysts. New target price is 34% above last closing price of JP¥3,375. Stock is down 7.5% over the past year. The company is forecast to post earnings per share of JP¥192 for next year compared to JP¥133 last year. 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. 4 non-independent directors. Full Time Audit & Supervisory Board Member Tomoo Mimura was the last 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 • Sep 24
Maeda Kosen Co., Ltd. to Report Q1, 2023 Results on Nov 10, 2022 Maeda Kosen Co., Ltd. announced that they will report Q1, 2023 results on Nov 10, 2022 Major Estimate Revision • Aug 24
Consensus EPS estimates increase by 21% The consensus outlook for earnings per share (EPS) in 2023 has improved. 2023 revenue forecast increased from JP¥50.3b to JP¥52.5b. EPS estimate increased from JP¥171 to JP¥206 per share. Net income forecast to grow 56% next year vs 21% growth forecast for Basic Materials industry in Japan. Consensus price target up from JP¥4,217 to JP¥4,350. Share price was steady at JP¥3,215 over the past week. Announcement • Aug 12
Maeda Kosen Co., Ltd., Annual General Meeting, Sep 28, 2022 Maeda Kosen Co., Ltd., Annual General Meeting, Sep 28, 2022. Agenda: General meeting of shareholders. Reported Earnings • Aug 12
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: EPS: JP¥133 (up from JP¥116 in FY 2021). Revenue: JP¥44.3b (up 10% from FY 2021). Net income: JP¥4.18b (up 14% from FY 2021). Profit margin: 9.4% (up from 9.1% in FY 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.8%. Earnings per share (EPS) missed analyst estimates by 4.2%. Over the next year, revenue is forecast to grow 14%, compared to a 7.4% growth forecast for the 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 30% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jun 25
Maeda Kosen Co., Ltd. to Report Fiscal Year 2022 Results on Aug 10, 2022 Maeda Kosen Co., Ltd. announced that they will report fiscal year 2022 results on Aug 10, 2022 Price Target Changed • Jun 17
Price target decreased to JP¥4,217 Down from JP¥4,567, the current price target is an average from 3 analysts. New target price is 63% above last closing price of JP¥2,583. Stock is down 23% over the past year. The company is forecast to post earnings per share of JP¥115 for next year compared to JP¥146 last year. Reported Earnings • Apr 30
Second quarter 2022 earnings: EPS and revenues exceed analyst expectations Second quarter 2022 results: EPS: JP¥39.11 (down from JP¥40.00 in 2Q 2021). Revenue: JP¥10.8b (flat on 2Q 2021). Net income: JP¥1.23b (down 2.1% from 2Q 2021). Profit margin: 11% (in line with 2Q 2021). Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 8.4%. Over the next year, revenue is forecast to grow 3.2% while the industry in Japan is not expected to grow. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth. 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. 4 non-independent directors. Full Time Audit & Supervisory Board Member Tomoo Mimura was the last 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
Maeda Kosen Co., Ltd. to Report Q2, 2022 Results on Apr 28, 2022 Maeda Kosen Co., Ltd. announced that they will report Q2, 2022 results on Apr 28, 2022 Price Target Changed • Feb 15
Price target increased to JP¥4,667 Up from JP¥4,350, the current price target is an average from 2 analysts. New target price is 45% above last closing price of JP¥3,215. Stock is up 7.8% over the past year. The company is forecast to post earnings per share of JP¥170 for next year compared to JP¥146 last year. Reported Earnings • Feb 03
First quarter 2022 earnings: EPS and revenues exceed analyst expectations First quarter 2022 results: EPS: JP¥38.36 (up from JP¥27.26 in 1Q 2021). Revenue: JP¥12.5b (up 14% from 1Q 2021). Net income: JP¥1.21b (up 41% from 1Q 2021). Profit margin: 9.7% (up from 7.8% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 8.4%. Over the next year, revenue is forecast to grow 1.1% compared to a 4.2% decline forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 7% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Nov 25
Price target increased to JP¥4,633 Up from JP¥4,300, the current price target is an average from 3 analysts. New target price is 26% above last closing price of JP¥3,685. Stock is up 40% over the past year. The company is forecast to post earnings per share of JP¥168 for next year compared to JP¥146 last year. Reported Earnings • Oct 31
Full year 2021 earnings released: EPS JP¥146 (vs JP¥98.16 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥43.2b (up 9.8% from FY 2020). Net income: JP¥4.59b (up 49% from FY 2020). Profit margin: 11% (up from 7.8% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 09
Upcoming dividend of JP¥11.00 per share Eligible shareholders must have bought the stock before 16 September 2021. Payment date: 16 December 2021. Trailing yield: 0.6%. Lower than top quartile of Japanese dividend payers (3.0%). Lower than average of industry peers (2.4%). Price Target Changed • Aug 19
Price target increased to JP¥4,300 Up from JP¥3,900, the current price target is an average from 2 analysts. New target price is 25% above last closing price of JP¥3,445. Stock is up 38% over the past year. Price Target Changed • Aug 05
Price target increased to JP¥4,033 Up from JP¥3,767, the current price target is an average from 3 analysts. New target price is 14% above last closing price of JP¥3,550. Stock is up 46% over the past year. Reported Earnings • Aug 03
Third quarter 2021 earnings released: EPS JP¥32.34 (vs JP¥17.53 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥9.95b (up 8.7% from 3Q 2020). Net income: JP¥1.02b (up 85% from 3Q 2020). Profit margin: 10% (up from 6.0% in 3Q 2020). 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 but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Price Target Changed • May 11
Price target increased to JP¥3,767 Up from JP¥3,433, the current price target is an average from 3 analysts. New target price is 12% above last closing price of JP¥3,370. Stock is up 64% over the past year. Reported Earnings • Apr 30
Second quarter 2021 earnings released: EPS JP¥40.00 (vs JP¥27.90 in 2Q 2020) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: JP¥10.7b (down 1.0% from 2Q 2020). Net income: JP¥1.26b (up 44% from 2Q 2020). Profit margin: 12% (up from 8.1% in 2Q 2020). The increase in margin was driven by lower expenses. 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 25% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Feb 12
New 90-day high: JP¥2,939 The company is up 3.0% from its price of JP¥2,859 on 13 November 2020. The Japanese market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Building industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥3,600 per share. Announcement • Feb 06
Maeda Kosen Co., Ltd. (TSE:7821) acquired SK Denki Kogyo Co., Ltd. Maeda Kosen Co., Ltd. (TSE:7821) agreed to acquire SK Denki Kogyo Co., Ltd on December 30, 2020.
Maeda Kosen Co., Ltd. (TSE:7821) completed the acquisition of SK Denki Kogyo Co., Ltd on February 5, 2021. Maeda Kosen Co., Ltd. will acquire 1,502 shares of SK Denki Kogyo Co., Ltd. Reported Earnings • Feb 05
First quarter 2021 earnings released: EPS JP¥27.26 (vs JP¥35.96 in 1Q 2020) The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: JP¥10.9b (up 1.0% from 1Q 2020). Net income: JP¥858.0m (down 24% from 1Q 2020). Profit margin: 7.8% (down from 10% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Feb 05
Revenue beats expectations, earnings disappoint Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) missed analyst estimates by 9.3%. Over the next year, revenue is forecast to grow 13%, compared to a 4.2% growth forecast for the Building industry in Japan. Announcement • Dec 26
Maeda Kosen Co., Ltd. to Report Q1, 2021 Results on Feb 03, 2021 Maeda Kosen Co., Ltd. announced that they will report Q1, 2021 results on Feb 03, 2021 Is New 90 Day High Low • Dec 03
New 90-day low: JP¥2,513 The company is down 4.0% from its price of JP¥2,617 on 04 September 2020. The Japanese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Building industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥3,750 per share. Price Target Changed • Dec 01
Price target raised to JP¥3,367 Up from JP¥3,100, the current price target is an average from 2 analysts. The new target price is 31% above the current share price of JP¥2,562. As of last close, the stock is up 30% over the past year. Announcement • Oct 10
Maeda Kosen Co., Ltd. to Report Q4, 2020 Results on Oct 30, 2020 Maeda Kosen Co., Ltd. announced that they will report Q4, 2020 results on Oct 30, 2020 Announcement • Sep 22
Naohiro Maeda acquired an additional 2.17% stake in Maeda Kosen Co., Ltd. (TSE:7821). Naohiro Maeda acquired an additional 2.17% stake in Maeda Kosen Co., Ltd. (TSE:7821) on November 19, 2015. Under the terms of the transaction, Naohiro Maeda acquired an additional 0.7 million shares of Maeda Kosen Co., Ltd.
Naohiro Maeda completed the acquisition of an additional 2.17% stake in Maeda Kosen Co., Ltd. (TSE:7821) on November 19, 2015.