Reported Earnings • May 13
Full year 2026 earnings released: EPS: JP¥35.77 (vs JP¥61.60 in FY 2025) Full year 2026 results: EPS: JP¥35.77 (down from JP¥61.60 in FY 2025). Revenue: JP¥25.1b (down 1.7% from FY 2025). Net income: JP¥302.0m (down 42% from FY 2025). Profit margin: 1.2% (down from 2.0% in FY 2025). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. Announcement • May 12
Wavelock Holdings Co., Ltd., Annual General Meeting, Jun 18, 2026 Wavelock Holdings Co., Ltd., Annual General Meeting, Jun 18, 2026. Announcement • May 10
Wavelock Holdings Co., Ltd. to Report Fiscal Year 2026 Results on May 12, 2026 Wavelock Holdings Co., Ltd. announced that they will report fiscal year 2026 results on May 12, 2026 Announcement • Jan 06
Wavelock Holdings Co., Ltd. to Report Q3, 2026 Results on Jan 30, 2026 Wavelock Holdings Co., Ltd. announced that they will report Q3, 2026 results on Jan 30, 2026 Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment improves as stock rises 33% After last week's 33% share price gain to JP¥1,145, the stock trades at a trailing P/E ratio of 21.3x. Average trailing P/E is 13x in the Chemicals industry in Japan. Total returns to shareholders of 115% over the past three years. New Risk • Nov 06
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 114% Dividend yield: 2.8% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. 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 Risks Share price has been highly volatile over the past 3 months (8.4% average weekly change). Earnings have declined by 30% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (114% cash payout ratio). Market cap is less than US$100m (JP¥8.55b market cap, or US$55.5m). New Risk • Nov 04
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 6.9% 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 Earnings have declined by 30% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Market cap is less than US$100m (JP¥7.29b market cap, or US$47.4m). Reported Earnings • Nov 01
Second quarter 2026 earnings released: JP¥1.18 loss per share (vs JP¥13.27 profit in 2Q 2025) Second quarter 2026 results: JP¥1.18 loss per share (down from JP¥13.27 profit in 2Q 2025). Revenue: JP¥6.02b (down 5.5% from 2Q 2025). Net loss: JP¥10.0m (down 109% from profit in 2Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 03 December 2025. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 4.1%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.6%). Announcement • Sep 03
Wavelock Holdings Co., Ltd. to Report Q2, 2026 Results on Oct 31, 2025 Wavelock Holdings Co., Ltd. announced that they will report Q2, 2026 results on Oct 31, 2025 Reported Earnings • Aug 02
First quarter 2026 earnings released: EPS: JP¥40.98 (vs JP¥34.50 in 1Q 2025) First quarter 2026 results: EPS: JP¥40.98 (up from JP¥34.50 in 1Q 2025). Revenue: JP¥7.09b (up 9.1% from 1Q 2025). Net income: JP¥346.0m (up 19% from 1Q 2025). Profit margin: 4.9% (up from 4.5% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance. Announcement • Jun 29
Wavelock Holdings Co., Ltd. to Report Q1, 2026 Results on Jul 31, 2025 Wavelock Holdings Co., Ltd. announced that they will report Q1, 2026 results on Jul 31, 2025 Reported Earnings • Jun 21
Full year 2025 earnings released: EPS: JP¥61.60 (vs JP¥54.06 in FY 2024) Full year 2025 results: EPS: JP¥61.60 (up from JP¥54.06 in FY 2024). Revenue: JP¥25.6b (up 8.5% from FY 2024). Net income: JP¥520.0m (up 14% from FY 2024). Profit margin: 2.0% (up from 1.9% 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 60% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Reported Earnings • May 11
Full year 2025 earnings released: EPS: JP¥61.60 (vs JP¥54.06 in FY 2024) Full year 2025 results: EPS: JP¥61.60 (up from JP¥54.06 in FY 2024). Revenue: JP¥25.6b (up 8.5% from FY 2024). Net income: JP¥520.0m (up 14% from FY 2024). Profit margin: 2.0% (up from 1.9% 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 60% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Announcement • May 09
Wavelock Holdings Co., Ltd., Annual General Meeting, Jun 19, 2025 Wavelock Holdings Co., Ltd., Annual General Meeting, Jun 19, 2025. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥488, the stock trades at a trailing P/E ratio of 22x. Average trailing P/E is 10x in the Chemicals industry in Japan. Total loss to shareholders of 16% over the past three years. Announcement • Mar 27
Wavelock Holdings Co., Ltd. to Report Fiscal Year 2025 Results on May 09, 2025 Wavelock Holdings Co., Ltd. announced that they will report fiscal year 2025 results on May 09, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 23 June 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 4.9%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.6%). New Risk • Feb 06
New minor risk - Dividend sustainability The dividend is not well covered by earnings. Payout ratio: 135% Dividend yield: 4.7% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings 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. However, this risk is mitigated by the fact the dividend is covered by cash flows. 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 Earnings have declined by 17% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (135% payout ratio). Profit margins are more than 30% lower than last year (0.7% net profit margin). Market cap is less than US$100m (JP¥5.40b market cap, or US$35.4m). Reported Earnings • Feb 01
Third quarter 2025 earnings released: JP¥15.52 loss per share (vs JP¥13.51 profit in 3Q 2024) Third quarter 2025 results: JP¥15.52 loss per share (down from JP¥13.51 profit in 3Q 2024). Revenue: JP¥6.23b (up 13% from 3Q 2024). Net loss: JP¥131.0m (down 215% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • Dec 04
Wavelock Holdings Co., Ltd. to Report Q3, 2025 Results on Jan 31, 2025 Wavelock Holdings Co., Ltd. announced that they will report Q3, 2025 results on Jan 31, 2025 Reported Earnings • Nov 02
Second quarter 2025 earnings released: EPS: JP¥13.27 (vs JP¥14.34 in 2Q 2024) Second quarter 2025 results: EPS: JP¥13.27 (down from JP¥14.34 in 2Q 2024). Revenue: JP¥6.37b (up 13% from 2Q 2024). Net income: JP¥112.0m (down 7.4% from 2Q 2024). Profit margin: 1.8% (down from 2.1% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 49% 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. Announcement • Sep 27
Wavelock Holdings Co., Ltd. to Report Q2, 2025 Results on Oct 31, 2024 Wavelock Holdings Co., Ltd. announced that they will report Q2, 2025 results on Oct 31, 2024 Upcoming Dividend • Sep 20
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 04 December 2024. Payout ratio is a comfortable 57% but the company is not cash flow positive. Trailing yield: 4.9%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.4%). New Risk • Sep 17
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (JP¥5.24b market cap, or US$37.2m). Reported Earnings • Aug 02
First quarter 2025 earnings released: EPS: JP¥34.50 (vs JP¥36.27 in 1Q 2024) First quarter 2025 results: EPS: JP¥34.50 (down from JP¥36.27 in 1Q 2024). Revenue: JP¥6.50b (up 6.1% from 1Q 2024). Net income: JP¥291.0m (down 4.9% from 1Q 2024). Profit margin: 4.5% (down from 5.0% in 1Q 2024). The decrease in margin was driven by higher expenses. 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 3% per year, which means it has not declined as severely as earnings. Announcement • Jun 28
Wavelock Holdings Co., Ltd. to Report Q1, 2025 Results on Jul 31, 2024 Wavelock Holdings Co., Ltd. announced that they will report Q1, 2025 results on Jul 31, 2024 Reported Earnings • Jun 26
Full year 2024 earnings released: EPS: JP¥54.06 (vs JP¥275 in FY 2023) Full year 2024 results: EPS: JP¥54.06 (down from JP¥275 in FY 2023). Revenue: JP¥23.6b (up 4.3% from FY 2023). Net income: JP¥456.0m (down 80% from FY 2023). Profit margin: 1.9% (down from 10% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Announcement • May 15
Wavelock Holdings Co., Ltd., Annual General Meeting, Jun 20, 2024 Wavelock Holdings Co., Ltd., Annual General Meeting, Jun 20, 2024. Reported Earnings • May 13
Full year 2024 earnings released: EPS: JP¥54.06 (vs JP¥275 in FY 2023) Full year 2024 results: EPS: JP¥54.06 (down from JP¥275 in FY 2023). Revenue: JP¥23.6b (up 4.3% from FY 2023). Net income: JP¥456.0m (down 80% from FY 2023). Profit margin: 1.9% (down from 10% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Announcement • Mar 28
Wavelock Holdings Co., Ltd. to Report Fiscal Year 2024 Results on May 10, 2024 Wavelock Holdings Co., Ltd. announced that they will report fiscal year 2024 results on May 10, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 19 June 2024. Payout ratio is a comfortable 47% but the company is not cash flow positive. Trailing yield: 4.3%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (2.1%). Reported Earnings • Feb 02
Third quarter 2024 earnings released: EPS: JP¥13.51 (vs JP¥3.91 in 3Q 2023) Third quarter 2024 results: EPS: JP¥13.51 (up from JP¥3.91 in 3Q 2023). Revenue: JP¥5.53b (up 8.2% from 3Q 2023). Net income: JP¥114.0m (up 246% from 3Q 2023). Profit margin: 2.1% (up from 0.6% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Announcement • Dec 28
Wavelock Holdings Co., Ltd. to Report Q3, 2024 Results on Jan 31, 2024 Wavelock Holdings Co., Ltd. announced that they will report Q3, 2024 results on Jan 31, 2024 Reported Earnings • Nov 02
Second quarter 2024 earnings released: EPS: JP¥14.34 (vs JP¥11.26 in 2Q 2023) Second quarter 2024 results: EPS: JP¥14.34 (up from JP¥11.26 in 2Q 2023). Revenue: JP¥5.65b (up 1.5% from 2Q 2023). Net income: JP¥121.0m (up 27% from 2Q 2023). Profit margin: 2.1% (up from 1.7% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 4% per year. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥15.00 per share at 4.5% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 05 December 2023. Payout ratio is a comfortable 58% but the company is not cash flow positive. Trailing yield: 4.5%. Within top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (2.5%). New Risk • Aug 02
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: 1.9% Last year net profit margin: 12% 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 Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.9% net profit margin). Market cap is less than US$100m (JP¥5.24b market cap, or US$36.6m). Reported Earnings • Aug 01
First quarter 2024 earnings released: EPS: JP¥36.27 (vs JP¥260 in 1Q 2023) First quarter 2024 results: EPS: JP¥36.27 (down from JP¥260 in 1Q 2023). Revenue: JP¥6.13b (up 4.5% from 1Q 2023). Net income: JP¥306.0m (down 86% from 1Q 2023). Profit margin: 5.0% (down from 37% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Announcement • Jun 29
Wavelock Holdings Co., Ltd. to Report Q1, 2024 Results on Jul 31, 2023 Wavelock Holdings Co., Ltd. announced that they will report Q1, 2024 results on Jul 31, 2023 Reported Earnings • Jun 21
Full year 2023 earnings released: EPS: JP¥275 (vs JP¥69.72 in FY 2022) Full year 2023 results: EPS: JP¥275 (up from JP¥69.72 in FY 2022). Revenue: JP¥22.6b (up 7.5% from FY 2022). Net income: JP¥2.32b (up 254% from FY 2022). Profit margin: 10% (up from 3.1% in FY 2022). Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Reported Earnings • May 17
Full year 2023 earnings released: EPS: JP¥275 (vs JP¥69.72 in FY 2022) Full year 2023 results: EPS: JP¥275 (up from JP¥69.72 in FY 2022). Revenue: JP¥22.6b (up 7.5% from FY 2022). Net income: JP¥2.32b (up 254% from FY 2022). Profit margin: 10% (up from 3.1% in FY 2022). Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • May 14
Wavelock Holdings Co., Ltd., Annual General Meeting, Jun 16, 2023 Wavelock Holdings Co., Ltd., Annual General Meeting, Jun 16, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥15.00 per share at 5.0% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 20 June 2023. Payout ratio is a comfortable 11% but the company is not cash flow positive. Trailing yield: 5.0%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.8%). Announcement • Feb 02
Wavelock Holdings Co., Ltd. to Report Q3, 2023 Results on Jan 31, 2023 Wavelock Holdings Co., Ltd. announced that they will report Q3, 2023 results on Jan 31, 2023 Reported Earnings • Feb 01
Third quarter 2023 earnings released: EPS: JP¥3.91 (vs JP¥6.67 in 3Q 2022) Third quarter 2023 results: EPS: JP¥3.91 (down from JP¥6.67 in 3Q 2022). Revenue: JP¥5.11b (up 10% from 3Q 2022). Net income: JP¥33.0m (down 48% from 3Q 2022). Profit margin: 0.6% (down from 1.4% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 02
Second quarter 2023 earnings released: EPS: JP¥11.26 (vs JP¥16.34 in 2Q 2022) Second quarter 2023 results: EPS: JP¥11.26 (down from JP¥16.34 in 2Q 2022). Revenue: JP¥5.56b (up 9.4% from 2Q 2022). Net income: JP¥95.0m (down 41% from 2Q 2022). Profit margin: 1.7% (down from 3.1% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 06 December 2022. Payout ratio is a comfortable 11% but the company is not cash flow positive. Trailing yield: 4.9%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.9%). Reported Earnings • Jul 31
First quarter 2023 earnings released: EPS: JP¥260 (vs JP¥38.22 in 1Q 2022) First quarter 2023 results: EPS: JP¥260 (up from JP¥38.22 in 1Q 2022). Revenue: JP¥5.86b (up 1.8% from 1Q 2022). Net income: JP¥2.19b (up 487% from 1Q 2022). Profit margin: 37% (up from 6.5% in 1Q 2022). 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. Reported Earnings • Jun 23
Full year 2022 earnings released: EPS: JP¥69.72 (vs JP¥245 in FY 2021) Full year 2022 results: EPS: JP¥69.72 (down from JP¥245 in FY 2021). Revenue: JP¥21.0b (down 28% from FY 2021). Net income: JP¥655.0m (down 73% from FY 2021). Profit margin: 3.1% (down from 8.2% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 23
Full year 2022 earnings released: EPS: JP¥69.72 (vs JP¥245 in FY 2021) Full year 2022 results: EPS: JP¥69.72 (down from JP¥245 in FY 2021). Revenue: JP¥21.0b (down 28% from FY 2021). Net income: JP¥655.0m (down 73% from FY 2021). Profit margin: 3.1% (down from 8.2% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • May 18
Full year 2022 earnings released: EPS: JP¥69.72 (vs JP¥245 in FY 2021) Full year 2022 results: EPS: JP¥69.72 (down from JP¥245 in FY 2021). Revenue: JP¥21.0b (down 28% from FY 2021). Net income: JP¥655.0m (down 73% from FY 2021). Profit margin: 3.1% (down from 8.2% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • May 18
Wavelock Holdings Co., Ltd., Annual General Meeting, Jun 17, 2022 Wavelock Holdings Co., Ltd., Annual General Meeting, Jun 17, 2022. Announcement • Apr 08
Wavelock Holdings Co., Ltd. to Report Fiscal Year 2022 Results on May 13, 2022 Wavelock Holdings Co., Ltd. announced that they will report fiscal year 2022 results on May 13, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 21 June 2022. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 4.3%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (2.6%). Reported Earnings • Feb 02
Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2022 results: EPS: JP¥6.67 (down from JP¥17.18 in 3Q 2021). Revenue: JP¥4.63b (down 31% from 3Q 2021). Net income: JP¥63.0m (down 63% from 3Q 2021). Profit margin: 1.4% (down from 2.5% in 3Q 2021). Revenue exceeded analyst estimates by 4.8%. Earnings per share (EPS) missed analyst estimates by 4.2%. Over the next year, revenue is expected to shrink by 5.5% compared to a 7.3% growth forecast for the 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 fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 31
Second quarter 2022 earnings released: EPS JP¥16.34 (vs JP¥17.79 in 2Q 2021) The company reported a soft second quarter result with weaker earnings and revenues, although profit margins were improved. Second quarter 2022 results: Revenue: JP¥5.09b (down 30% from 2Q 2021). Net income: JP¥160.0m (down 8.0% from 2Q 2021). Profit margin: 3.1% (up from 2.4% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 07 December 2021. Trailing yield: 4.2%. Within top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (1.9%). Reported Earnings • Aug 03
First quarter 2022 earnings released: EPS JP¥38.22 (vs JP¥46.43 in 1Q 2021) The company reported a soft first quarter result with weaker earnings and revenues, although profit margins were improved. First quarter 2022 results: Revenue: JP¥5.76b (down 26% from 1Q 2021). Net income: JP¥374.0m (down 17% from 1Q 2021). Profit margin: 6.5% (up from 5.8% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 26
Full year 2021 earnings released: EPS JP¥245 (vs JP¥116 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were flat. Full year 2021 results: Revenue: JP¥29.2b (flat on FY 2020). Net income: JP¥2.39b (up 115% from FY 2020). Profit margin: 8.2% (up from 3.8% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings. Major Estimate Revision • Jun 19
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from JP¥18.8b to JP¥20.0b. EPS estimate fell from JP¥95.10 to JP¥68.50 per share. Net income forecast to shrink 61% next year vs 16% growth forecast for Chemicals industry in Japan . Consensus price target down from JP¥2,025 to JP¥1,800. Share price fell 4.7% to JP¥685 over the past week. Reported Earnings • May 16
Full year 2021 earnings released: EPS JP¥245 (vs JP¥116 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were flat. Full year 2021 results: Revenue: JP¥29.2b (flat on FY 2020). Net income: JP¥2.39b (up 115% from FY 2020). Profit margin: 8.2% (up from 3.8% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 22 June 2021. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.8%). Announcement • Mar 11
Wavelock Holdings Co., Ltd. to Report Fiscal Year 2021 Results on May 13, 2021 Wavelock Holdings Co., Ltd. announced that they will report fiscal year 2021 results on May 13, 2021 Is New 90 Day High Low • Mar 08
New 90-day low: JP¥718 The company is down 6.0% from its price of JP¥760 on 08 December 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is flat over the same period. Major Estimate Revision • Mar 01
Analysts update estimates The 2021 consensus earning per share (EPS) estimate increased from JP¥99.20 to JP¥256. No change was made to the revenue estimate which at the last update was JP¥28.9b. Net income is expected to grow by 28% next year compared to 18% growth forecast for the Chemicals industry in Japan. The consensus price target was lowered from JP¥2,100 to JP¥1,800. Share price stayed mostly flat at JP¥729 over the past week. Price Target Changed • Feb 28
Price target lowered to JP¥1,800 Down from JP¥2,000, the current price target is provided by 1 analyst. The new target price is 150% above the current share price of JP¥721. As of last close, the stock is up 20% over the past year. Reported Earnings • Feb 02
Third quarter 2021 earnings released: EPS JP¥17.18 (vs JP¥18.14 in 3Q 2020) The company reported a mediocre third quarter result with weaker earnings, although profit margins were flat and revenues improved. Third quarter 2021 results: Revenue: JP¥6.75b (up 3.2% from 3Q 2020). Net income: JP¥168.0m (down 2.9% from 3Q 2020). Profit margin: 2.5% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 14% per year. Analyst Estimate Surprise Post Earnings • Feb 02
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) also surpassed analyst estimates by 13%. Over the next year, revenue is expected to shrink by 6.2% compared to a 5.7% growth forecast for the Chemicals industry in Japan. Is New 90 Day High Low • Jan 14
New 90-day high: JP¥839 The company is up 12% from its price of JP¥750 on 16 October 2020. The Japanese market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 18% over the same period. Announcement • Dec 05
Wavelock Holdings Co., Ltd. to Report Q3, 2021 Results on Jan 29, 2021 Wavelock Holdings Co., Ltd. announced that they will report Q3, 2021 results on Jan 29, 2021 Announcement • Sep 04
Wavelock Holdings Co., Ltd. to Report Q2, 2021 Results on Oct 30, 2020 Wavelock Holdings Co., Ltd. announced that they will report Q2, 2021 results on Oct 30, 2020 Announcement • Jun 20
Wavelock Holdings Co., Ltd. to Report Q1, 2021 Results on Jul 31, 2020 Wavelock Holdings Co., Ltd. announced that they will report Q1, 2021 results on Jul 31, 2020