Reported Earnings • May 01
Full year 2026 earnings: EPS and revenues exceed analyst expectations Full year 2026 results: EPS: JP¥252 (up from JP¥193 in FY 2025). Revenue: JP¥145.5b (up 2.3% from FY 2025). Net income: JP¥6.60b (up 30% from FY 2025). Profit margin: 4.5% (up from 3.6% in FY 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 14%. Revenue is forecast to grow 2.0% p.a. on average during the next 2 years, compared to a 4.5% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 16% per year. New Risk • May 01
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 5.9% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 5.9% per year for the foreseeable future. Minor Risk Dividend is not well covered by cash flows (101% cash payout ratio). Announcement • Apr 30
JSP Corporation, Annual General Meeting, Jun 26, 2026 JSP Corporation, Annual General Meeting, Jun 26, 2026. Announcement • Apr 21
JSP Corporation to Report Fiscal Year 2026 Results on Apr 30, 2026 JSP Corporation announced that they will report fiscal year 2026 results on Apr 30, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥50.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 09 June 2026. Payout ratio is a comfortable 36% but the company is paying out more than the cash it is generating. Trailing yield: 4.3%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.3%). Buy Or Sell Opportunity • Feb 02
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 36% to JP¥2,597. The fair value is estimated to be JP¥2,075, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.4% over the last 3 years. Earnings per share has grown by 28%. Revenue is forecast to grow by 3.3% in 2 years. Earnings are forecast to decline by 12% in the next 2 years. Reported Earnings • Jan 31
Third quarter 2026 earnings released: EPS: JP¥106 (vs JP¥88.90 in 3Q 2025) Third quarter 2026 results: EPS: JP¥106 (up from JP¥88.90 in 3Q 2025). Revenue: JP¥38.3b (up 3.9% from 3Q 2025). Net income: JP¥2.77b (up 19% from 3Q 2025). Profit margin: 7.2% (up from 6.3% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Declared Dividend • Dec 05
First half dividend of JP¥40.00 announced Dividend of JP¥40.00 is the same as last year. Ex-date: 30th March 2026 Payment date: 9th June 2026 Dividend yield will be 3.4%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by earnings (39% earnings payout ratio) but not covered by cash flows (192% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 1.7% over the next 3 years. However, it would need to fall by 56% to increase the payout ratio to a potentially unsustainable range. Announcement • Dec 02
JSP Corporation to Report Q3, 2026 Results on Jan 30, 2026 JSP Corporation announced that they will report Q3, 2026 results on Jan 30, 2026 New Risk • Nov 01
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.6% per year for the foreseeable future. Minor Risk Paying a dividend despite having no free cash flows. Announcement • Sep 30
JSP Corporation to Report Q2, 2026 Results on Oct 31, 2025 JSP Corporation announced that they will report Q2, 2026 results on Oct 31, 2025 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 03 December 2025. Payout ratio is a comfortable 41% but the company is not cash flow positive. Trailing yield: 4.1%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.6%). Reported Earnings • Aug 02
First quarter 2026 earnings released: EPS: JP¥49.34 (vs JP¥47.70 in 1Q 2025) First quarter 2026 results: EPS: JP¥49.34 (up from JP¥47.70 in 1Q 2025). Revenue: JP¥34.4b (flat on 1Q 2025). Net income: JP¥1.29b (up 3.4% from 1Q 2025). Profit margin: 3.8% (up from 3.6% in 1Q 2025). Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Declared Dividend • Jul 09
Final dividend of JP¥40.00 announced Dividend of JP¥40.00 is the same as last year. Ex-date: 29th September 2025 Payment date: 3rd December 2025 Dividend yield will be 4.2%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by earnings (35% earnings payout ratio) but not covered by cash flows (280% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 17% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 04
JSP Corporation to Report Q1, 2026 Results on Jul 31, 2025 JSP Corporation announced that they will report Q1, 2026 results on Jul 31, 2025 Major Estimate Revision • May 24
Consensus EPS estimates fall by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from JP¥147.0b to JP¥145.0b. EPS estimate also fell from JP¥214 per share to JP¥191 per share. Net income forecast to shrink 1.3% next year vs 8.7% growth forecast for Chemicals industry in Japan . Consensus price target down from JP¥2,700 to JP¥2,600. Share price was steady at JP¥1,853 over the past week. Reported Earnings • May 01
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: JP¥193 (down from JP¥222 in FY 2024). Revenue: JP¥142.3b (up 5.3% from FY 2024). Net income: JP¥5.07b (down 21% from FY 2024). Profit margin: 3.6% (down from 4.7% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.6%. Revenue is forecast to grow 2.6% p.a. on average during the next 2 years, compared to a 4.7% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Apr 30
JSP Corporation, Annual General Meeting, Jun 27, 2025 JSP Corporation, Annual General Meeting, Jun 27, 2025. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥1,808, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 10x in the Chemicals industry in Japan. Total returns to shareholders of 33% over the past three years. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 10 June 2025. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.6%). Announcement • Feb 28
JSP Corporation to Report Fiscal Year 2025 Results on Apr 30, 2025 JSP Corporation announced that they will report fiscal year 2025 results on Apr 30, 2025 Reported Earnings • Feb 01
Third quarter 2025 earnings released: EPS: JP¥88.90 (vs JP¥88.08 in 3Q 2024) Third quarter 2025 results: EPS: JP¥88.90. Revenue: JP¥36.9b (up 2.5% from 3Q 2024). Net income: JP¥2.33b (down 10% from 3Q 2024). Profit margin: 6.3% (down from 7.2% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Chemicals industry in Japan. Announcement • Dec 06
JSP Corporation to Report Q3, 2025 Results on Jan 31, 2025 JSP Corporation announced that they will report Q3, 2025 results on Jan 31, 2025 Declared Dividend • Dec 04
First half dividend of JP¥40.00 announced Shareholders will receive a dividend of JP¥40.00. Ex-date: 28th March 2025 Payment date: 10th June 2025 Dividend yield will be 3.8%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is well covered by both earnings (35% earnings payout ratio) and cash flows (36% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 28% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 02
Second quarter 2025 earnings released: EPS: JP¥50.60 (vs JP¥56.23 in 2Q 2024) Second quarter 2025 results: EPS: JP¥50.60 (down from JP¥56.23 in 2Q 2024). Revenue: JP¥36.9b (up 7.3% from 2Q 2024). Net income: JP¥1.33b (down 21% from 2Q 2024). Profit margin: 3.6% (down from 4.9% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 04 December 2024. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 4.1%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.4%). Valuation Update With 7 Day Price Move • Aug 07
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥1,901, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 12x in the Chemicals industry in Japan. Total returns to shareholders of 29% over the past three years. Reported Earnings • Aug 02
First quarter 2025 earnings released: EPS: JP¥47.70 (vs JP¥37.54 in 1Q 2024) First quarter 2025 results: EPS: JP¥47.70 (up from JP¥37.54 in 1Q 2024). Revenue: JP¥34.5b (up 7.6% from 1Q 2024). Net income: JP¥1.25b (up 12% from 1Q 2024). Profit margin: 3.6% (in line with 1Q 2024). Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Declared Dividend • Jul 11
Final dividend of JP¥40.00 announced Shareholders will receive a dividend of JP¥40.00. Ex-date: 27th September 2024 Payment date: 4th December 2024 Dividend yield will be 3.5%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is well covered by both earnings (26% earnings payout ratio) and cash flows (24% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 25% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 06
JSP Corporation to Report Q2, 2025 Results on Oct 31, 2024 JSP Corporation announced that they will report Q2, 2025 results on Oct 31, 2024 Price Target Changed • May 31
Price target decreased by 14% to JP¥3,100 Down from JP¥3,600, the current price target is provided by 1 analyst. New target price is 43% above last closing price of JP¥2,169. Stock is up 32% over the past year. The company is forecast to post earnings per share of JP¥221 for next year compared to JP¥222 last year. Announcement • May 11
JSP Corporation to Report Q1, 2025 Results on Jul 31, 2024 JSP Corporation announced that they will report Q1, 2025 results on Jul 31, 2024 Reported Earnings • May 01
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: JP¥222 (up from JP¥84.91 in FY 2023). Revenue: JP¥135.1b (up 2.5% from FY 2023). Net income: JP¥6.39b (up 153% from FY 2023). Profit margin: 4.7% (up from 1.9% in FY 2023). Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) exceeded analyst estimates by 3.1%. Revenue is forecast to grow 3.2% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Chemicals 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 01
JSP Corporation Revises Year-End Dividend Forecast for the Fiscal Year Ended March 31, 2024 JSP Corporation resolved at the extraordinary Board of Directors meeting held on April 30, 2024, revised year-end dividend forecast for the fiscal year ended March 31, 2024 of JPY 40.00 per share compared to the previous forecast of JPY 25.00 per share. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 12 June 2024. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.2%). In line with average of industry peers (2.1%). Announcement • Mar 02
JSP Corporation to Report Fiscal Year 2024 Results on Apr 30, 2024 JSP Corporation announced that they will report fiscal year 2024 results on Apr 30, 2024 Price Target Changed • Feb 08
Price target increased by 24% to JP¥3,600 Up from JP¥2,900, the current price target is provided by 1 analyst. New target price is 63% above last closing price of JP¥2,202. Stock is up 38% over the past year. The company is forecast to post earnings per share of JP¥215 for next year compared to JP¥84.91 last year. Major Estimate Revision • Feb 08
Consensus EPS estimates increase by 30% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from JP¥166 to JP¥215. Revenue forecast steady at JP¥137.0b. Net income forecast to grow 4.2% next year vs 12% growth forecast for Chemicals industry in Japan. Consensus price target up from JP¥2,900 to JP¥3,600. Share price was steady at JP¥2,202 over the past week. Reported Earnings • Feb 02
Third quarter 2024 earnings released: EPS: JP¥88.08 (vs JP¥24.52 in 3Q 2023) Third quarter 2024 results: EPS: JP¥88.08 (up from JP¥24.52 in 3Q 2023). Revenue: JP¥36.0b (up 3.4% from 3Q 2023). Net income: JP¥2.59b (up 254% from 3Q 2023). Profit margin: 7.2% (up from 2.1% in 3Q 2023). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 6% per year. Announcement • Feb 01
JSP Corporation Revised Consolidated Earnings Guidance for the Fiscal Year Ending 31 March 2024 JSP Corporation revised consolidated earnings guidance for the fiscal year ending 31 March 2024. For the year, the company expected sales of JPY 136,000 million, operating profit of JPY 7,500 million and profit attributable to owners of parent of JPY 6,100 million and EPS of JPY 211.70 compared to previous guidance of sales of JPY 136,000 million, operating profit of JPY 6,300 million and profit attributable to owners of parent of JPY 5,000 million and EPS of JPY 167.74. Major Estimate Revision • Dec 08
Consensus EPS estimates increase by 12% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from JP¥148 to JP¥166. Revenue forecast unchanged at JP¥136.0b. Net income forecast to grow 20% next year vs 12% growth forecast for Chemicals industry in Japan. Consensus price target up from JP¥2,800 to JP¥2,900. Share price was steady at JP¥1,766 over the past week. Announcement • Nov 13
JSP Corporation to Report Q3, 2024 Results on Jan 31, 2024 JSP Corporation announced that they will report Q3, 2024 results on Jan 31, 2024 Reported Earnings • Nov 02
Second quarter 2024 earnings released: EPS: JP¥56.23 (vs JP¥20.63 in 2Q 2023) Second quarter 2024 results: EPS: JP¥56.23 (up from JP¥20.63 in 2Q 2023). Revenue: JP¥34.4b (up 3.3% from 2Q 2023). Net income: JP¥1.68b (up 173% from 2Q 2023). Profit margin: 4.9% (up from 1.8% in 2Q 2023). Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Chemicals industry in Japan. 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 6% per year, which means it is well ahead of earnings. Announcement • Nov 02
JSP Corporation (TSE:7942) announces an Equity Buyback for 3,960,100 shares, representing 13.29% for ¥6,577.73 million. JSP Corporation (TSE:7942) announces a share repurchase program. Under the offer, the company will repurchase up to 3,960,100 shares, representing 13.29% of its issued share capital, for ¥6,577.73 million. The offer price is ¥1,661 per common share. The purpose of the offer is implementation of a flexible capital policy. The offer is financed by the bank loan and the company's future business operations. The offer is valid till November 30, 2023. As of October 31, 2023, the company had 29,808,029 shares issued (excluding treasury shares) and 1,605,444 treasury shares. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥25.00 per share at 2.5% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 05 December 2023. Payout ratio is a comfortable 52% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.3%). In line with average of industry peers (2.5%). Major Estimate Revision • Aug 16
Consensus EPS estimates increase by 22% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from JP¥121 to JP¥148. Revenue forecast unchanged at JP¥136.5b. Net income forecast to grow 55% next year vs 7.0% growth forecast for Chemicals industry in Japan. Consensus price target up from JP¥2,500 to JP¥2,800. Share price was steady at JP¥1,920 over the past week. Announcement • Aug 11
JSP Corporation to Report Q2, 2024 Results on Oct 31, 2023 JSP Corporation announced that they will report Q2, 2024 results on Oct 31, 2023 Reported Earnings • Aug 01
First quarter 2024 earnings released: EPS: JP¥37.54 (vs JP¥25.60 in 1Q 2023) First quarter 2024 results: EPS: JP¥37.54 (up from JP¥25.60 in 1Q 2023). Revenue: JP¥32.0b (up 3.5% from 1Q 2023). Net income: JP¥1.12b (up 47% from 1Q 2023). Profit margin: 3.5% (up from 2.5% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Price Target Changed • Jun 02
Price target increased by 39% to JP¥2,500 Up from JP¥1,800, the current price target is provided by 1 analyst. New target price is 52% above last closing price of JP¥1,648. Stock is up 14% over the past year. The company is forecast to post earnings per share of JP¥117 for next year compared to JP¥84.91 last year. Announcement • May 17
JSP Corporation to Report Q1, 2024 Results on Jul 31, 2023 JSP Corporation announced that they will report Q1, 2024 results on Jul 31, 2023 Reported Earnings • Apr 29
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: JP¥84.91 (down from JP¥97.05 in FY 2022). Revenue: JP¥131.7b (up 15% from FY 2022). Net income: JP¥2.53b (down 13% from FY 2022). Profit margin: 1.9% (down from 2.5% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.3%. Revenue is forecast to grow 3.7% p.a. on average during the next 2 years, compared to a 3.3% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥25.00 per share at 3.2% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 12 June 2023. Payout ratio is on the higher end at 87% but the company is not cash flow positive. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.8%). Reported Earnings • Feb 01
Third quarter 2023 earnings released: EPS: JP¥24.52 (vs JP¥33.88 in 3Q 2022) Third quarter 2023 results: EPS: JP¥24.52 (down from JP¥33.88 in 3Q 2022). Revenue: JP¥34.8b (up 18% from 3Q 2022). Net income: JP¥731.0m (down 28% from 3Q 2022). Profit margin: 2.1% (down from 3.4% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has fallen by 15% 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 • Nov 12
JSP Corporation to Report Q3, 2023 Results on Jan 31, 2023 JSP Corporation announced that they will report Q3, 2023 results on Jan 31, 2023 Reported Earnings • Nov 02
Second quarter 2023 earnings released: EPS: JP¥20.63 (vs JP¥39.72 in 2Q 2022) Second quarter 2023 results: EPS: JP¥20.63 (down from JP¥39.72 in 2Q 2022). Revenue: JP¥33.3b (up 16% from 2Q 2022). Net income: JP¥615.0m (down 48% from 2Q 2022). Profit margin: 1.8% (down from 4.1% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has fallen by 11% per year and the company’s share price has also fallen by 11% per year. Buying Opportunity • Oct 19
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 1.1%. The fair value is estimated to be JP¥1,831, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 8.0%. Revenue is forecast to grow by 17% in 2 years. Earnings is forecast to grow by 55% in the next 2 years. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 05 December 2022. Payout ratio is a comfortable 58% but the company is not cash flow positive. Trailing yield: 3.5%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.9%). Announcement • Aug 28
JSP Corporation to Report Q2, 2023 Results on Oct 31, 2022 JSP Corporation announced that they will report Q2, 2023 results on Oct 31, 2022 Announcement • Jul 31
JSP Corporation to Report Q1, 2023 Results on Jul 29, 2022 JSP Corporation announced that they will report Q1, 2023 results on Jul 29, 2022 Reported Earnings • Jul 31
First quarter 2023 earnings released: EPS: JP¥25.60 (vs JP¥36.77 in 1Q 2022) First quarter 2023 results: EPS: JP¥25.60 (down from JP¥36.77 in 1Q 2022). Revenue: JP¥31.0b (up 15% from 1Q 2022). Net income: JP¥763.0m (down 30% from 1Q 2022). Profit margin: 2.5% (down from 4.1% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 5.3%, compared to a 9.9% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 6% per year. Reported Earnings • Apr 30
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: EPS: JP¥97.05 (down from JP¥101 in FY 2021). Revenue: JP¥114.1b (up 11% from FY 2021). Net income: JP¥2.89b (down 4.1% from FY 2021). Profit margin: 2.5% (down from 2.9% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) missed analyst estimates by 9.6%. Over the next year, revenue is forecast to grow 5.2%, compared to a 9.8% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 13% per year, which means it is performing significantly worse than earnings. Announcement • Apr 08
JSP Corporation to Report Fiscal Year 2022 Results on Apr 28, 2022 JSP Corporation announced that they will report fiscal year 2022 results on Apr 28, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 10 June 2022. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (2.6%). Price Target Changed • Mar 17
Price target decreased to JP¥1,850 Down from JP¥2,025, the current price target is an average from 3 analysts. New target price is 19% above last closing price of JP¥1,559. Stock is down 21% over the past year. The company is forecast to post earnings per share of JP¥107 for next year compared to JP¥101 last year. Reported Earnings • Feb 02
Third quarter 2022 earnings: EPS and revenues exceed analyst expectations Third quarter 2022 results: EPS: JP¥33.88 (down from JP¥72.13 in 3Q 2021). Revenue: JP¥29.5b (up 5.0% from 3Q 2021). Net income: JP¥1.01b (down 53% from 3Q 2021). Profit margin: 3.4% (down from 7.7% in 3Q 2021). Revenue exceeded analyst estimates by 7.1%. Earnings per share (EPS) also surpassed analyst estimates by 96%. Over the next year, revenue is forecast to grow 3.8%, compared to a 7.3% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings. Major Estimate Revision • Feb 02
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate fell from JP¥122 to JP¥107 per share. Revenue forecast steady at JP¥112.2b. Net income forecast to shrink 17% next year vs 3.9% growth forecast for Chemicals industry in Japan . Consensus price target of JP¥2,000 unchanged from last update. Share price fell 3.9% to JP¥1,539 over the past week. Reported Earnings • Oct 31
Second quarter 2022 earnings released: EPS JP¥39.72 (vs JP¥12.28 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥28.7b (up 23% from 2Q 2021). Net income: JP¥1.18b (up 224% from 2Q 2021). Profit margin: 4.1% (up from 1.6% in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 14% per year whereas the company’s share price has fallen by 13% per year. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 03 December 2021. Trailing yield: 3.0%. Within top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (1.9%). Reported Earnings • Aug 02
First quarter 2022 earnings released: EPS JP¥36.77 (vs JP¥18.18 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥27.0b (up 8.7% from 1Q 2021). Net income: JP¥1.10b (up 102% from 1Q 2021). Profit margin: 4.1% (up from 2.2% in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Reported Earnings • May 03
Full year 2021 earnings released: EPS JP¥101 (vs JP¥122 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥102.7b (down 9.4% from FY 2020). Net income: JP¥3.02b (down 17% from FY 2020). Profit margin: 2.9% (down from 3.2% in FY 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 19% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Apr 13
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 EPS estimate increased from JP¥51.99 to JP¥90.58. Revenue forecast steady at JP¥103.5b. Net income forecast to grow 14% next year vs 23% growth forecast for Chemicals industry in Japan. Consensus price target broadly unchanged at JP¥2,125. Share price was steady at JP¥1,861 over the past week. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 09 June 2021. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.8%). Is New 90 Day High Low • Mar 05
New 90-day high: JP¥1,880 The company is up 19% from its price of JP¥1,580 on 04 December 2020. The Japanese market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥2,811 per share. Major Estimate Revision • Feb 12
Analysts update estimates The 2021 consensus earning per share (EPS) estimate was lowered from JP¥58.69 to JP¥51.99. Revenue estimate was approximately flat at JP¥103.1b. Net income is expected to grow by 6.1% next year compared to 13% growth forecast for the Chemicals industry in Japan. The consensus price target increased from JP¥1,850 to JP¥2,100. Share price stayed mostly flat at JP¥1,842 over the past week. Price Target Changed • Feb 10
Price target raised to JP¥2,100 Up from JP¥1,780, the current price target is an average from 3 analysts. The new target price is 13% above the current share price of JP¥1,855. As of last close, the stock is down 3.5% over the past year. Reported Earnings • Feb 03
Third quarter 2021 earnings released: EPS JP¥72.13 (vs JP¥46.63 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: JP¥28.1b (down 4.1% from 3Q 2020). Net income: JP¥2.15b (up 55% from 3Q 2020). Profit margin: 7.7% (up from 4.8% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Feb 03
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 5.7%. Earnings per share (EPS) also surpassed analyst estimates by 169%. Over the next year, revenue is forecast to grow 3.4%, compared to a 5.7% growth forecast for the Chemicals industry in Japan. Major Estimate Revision • Feb 02
Analysts increase EPS estimates to JP¥58.69 The 2021 consensus revenue estimate increased from JP¥102.3b to JP¥103.9b. The earnings per share estimate also received an upgrade from JP¥30.19 to JP¥58.69 for the same period. Net income is expected to grow by 12% next year compared to 13% growth forecast for the Chemicals industry in Japan. The consensus price target increased from JP¥1,780 to JP¥1,850. Share price is up 5.7% to JP¥1,838 over the past week. Is New 90 Day High Low • Feb 02
New 90-day high: JP¥1,838 The company is up 24% from its price of JP¥1,487 on 04 November 2020. The Japanese market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥2,267 per share. Is New 90 Day High Low • Jan 08
New 90-day high: JP¥1,793 The company is up 7.0% from its price of JP¥1,675 on 09 October 2020. The Japanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥2,253 per share. Major Estimate Revision • Dec 15
Analysts update estimates The 2021 consensus earning per share (EPS) estimate was lowered from JP¥73.79 to JP¥30.19. Revenue estimate was approximately flat at JP¥102.3b. Net income is expected to grow by 14% next year compared to 13% growth forecast for the Chemicals industry in Japan. The consensus price target increased from JP¥1,725 to JP¥1,780. Share price is up 10% to JP¥1,714 over the past week. Is New 90 Day High Low • Dec 15
New 90-day high: JP¥1,714 The company is up 6.0% from its price of JP¥1,610 on 16 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 Chemicals industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥2,264 per share. Announcement • Oct 10
JSP Corporation to Report Q2, 2021 Results on Oct 29, 2020 JSP Corporation announced that they will report Q2, 2021 results on Oct 29, 2020 Announcement • Jun 28
JSP Corporation to Report Q1, 2021 Results on Jul 31, 2020 JSP Corporation announced that they will report Q1, 2021 results on Jul 31, 2020