Announcement • Jun 17
FP Corporation to Report Q1, 2027 Results on Jul 31, 2026 FP Corporation announced that they will report Q1, 2027 results on Jul 31, 2026 Reported Earnings • May 01
Full year 2026 earnings: Revenues and EPS in line with analyst expectations Full year 2026 results: EPS: JP¥184 (up from JP¥154 in FY 2025). Revenue: JP¥240.5b (up 2.1% from FY 2025). Net income: JP¥14.9b (up 19% from FY 2025). Profit margin: 6.2% (up from 5.3% in FY 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Packaging industry in Asia. 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 8% per year, which means it is significantly lagging earnings. Announcement • Apr 30
FP Corporation, Annual General Meeting, Jun 25, 2026 FP Corporation, Annual General Meeting, Jun 25, 2026. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 09 June 2026. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (3.1%). Announcement • Mar 23
FP Corporation(TSE:7947) dropped from FTSE All-World Index (USD) FP Corporation(TSE:7947) dropped from FTSE All-World Index (USD) Announcement • Mar 19
FP Corporation to Report Q4, 2026 Results on Apr 30, 2026 FP Corporation announced that they will report Q4, 2026 results on Apr 30, 2026 Reported Earnings • Jan 30
Third quarter 2026 earnings released: EPS: JP¥72.12 (vs JP¥71.27 in 3Q 2025) Third quarter 2026 results: EPS: JP¥72.12 (up from JP¥71.27 in 3Q 2025). Revenue: JP¥67.0b (flat on 3Q 2025). Net income: JP¥5.83b (up 1.2% from 3Q 2025). Profit margin: 8.7% (up from 8.6% in 3Q 2025). Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Packaging industry in Asia. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Announcement • Dec 23
FP Corporation to Report Q3, 2026 Results on Jan 29, 2026 FP Corporation announced that they will report Q3, 2026 results on Jan 29, 2026 Buy Or Sell Opportunity • Dec 05
Now 21% undervalued The stock has been flat over the last 90 days, currently trading at JP¥2,665. The fair value is estimated to be JP¥3,360, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.6% over the last 3 years. Earnings per share has grown by 8.6%. For the next 3 years, revenue is forecast to grow by 2.4% per annum. Earnings are also forecast to grow by 3.5% per annum over the same time period. Declared Dividend • Nov 26
First half dividend of JP¥40.00 announced Shareholders will receive a dividend of JP¥40.00. Ex-date: 30th March 2026 Payment date: 9th June 2026 Dividend yield will be 2.7%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (22% earnings payout ratio) and cash flows (42% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 11% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 01
Second quarter 2026 earnings: EPS exceeds analyst expectations Second quarter 2026 results: EPS: JP¥44.77 (up from JP¥35.69 in 2Q 2025). Revenue: JP¥61.6b (up 3.2% from 2Q 2025). Net income: JP¥3.62b (up 26% from 2Q 2025). Profit margin: 5.9% (up from 4.8% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 17%. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Packaging industry in Asia. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Announcement • Sep 17
FP Corporation to Report Q2, 2026 Results on Oct 31, 2025 FP Corporation announced that they will report Q2, 2026 results on Oct 31, 2025 New Risk • Aug 02
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 40% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 02
First quarter 2026 earnings: EPS exceeds analyst expectations First quarter 2026 results: EPS: JP¥34.68 (up from JP¥17.97 in 1Q 2025). Revenue: JP¥57.8b (up 4.9% from 1Q 2025). Net income: JP¥2.80b (up 93% from 1Q 2025). Profit margin: 4.9% (up from 2.6% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 44%. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Packaging industry in Asia. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Declared Dividend • Jul 09
Final dividend of JP¥21.50 announced Shareholders will receive a dividend of JP¥21.50. Ex-date: 29th September 2025 Payment date: 25th November 2025 Dividend yield will be 2.4%, which is lower than the industry average of 2.8%. Sustainability & Growth Dividend is well covered by both earnings (38% earnings payout ratio) and cash flows (40% cash payout ratio). The dividend has increased by an average of 9.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 20% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jun 25
Full year 2025 earnings: Revenues and EPS in line with analyst expectations Full year 2025 results: EPS: JP¥154 (up from JP¥143 in FY 2024). Revenue: JP¥235.6b (up 6.1% from FY 2024). Net income: JP¥12.5b (up 6.5% from FY 2024). Profit margin: 5.3% (in line with FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Packaging industry in Asia. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Jun 20
FP Corporation to Report Q1, 2026 Results on Jul 31, 2025 FP Corporation announced that they will report Q1, 2026 results on Jul 31, 2025 Reported Earnings • May 01
Full year 2025 earnings: Revenues and EPS in line with analyst expectations Full year 2025 results: EPS: JP¥154 (up from JP¥143 in FY 2024). Revenue: JP¥235.6b (up 6.1% from FY 2024). Net income: JP¥12.5b (up 6.5% from FY 2024). Profit margin: 5.3% (in line with FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Packaging industry in Japan. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 2% per year. Announcement • Apr 30
FP Corporation, Annual General Meeting, Jun 26, 2025 FP Corporation, Annual General Meeting, Jun 26, 2025. Buy Or Sell Opportunity • Apr 23
Now 21% undervalued Over the last 90 days, the stock has risen 13% to JP¥3,135. The fair value is estimated to be JP¥3,968, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.0% over the last 3 years. Earnings per share has grown by 3.0%. Revenue is forecast to grow by 7.7% in 2 years. Earnings are forecast to grow by 20% in the next 2 years. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥35.50 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 09 June 2025. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (3.1%). Announcement • Mar 19
FP Corporation to Report Fiscal Year 2025 Results on Apr 30, 2025 FP Corporation announced that they will report fiscal year 2025 results on Apr 30, 2025 Reported Earnings • Feb 01
Third quarter 2025 earnings: EPS and revenues exceed analyst expectations Third quarter 2025 results: EPS: JP¥71.27 (up from JP¥55.26 in 3Q 2024). Revenue: JP¥66.7b (up 7.5% from 3Q 2024). Net income: JP¥5.76b (up 27% from 3Q 2024). Profit margin: 8.6% (up from 7.3% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) also surpassed analyst estimates by 3.2%. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Packaging industry in Japan. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Dec 18
FP Corporation to Report Q3, 2025 Results on Jan 31, 2025 FP Corporation announced that they will report Q3, 2025 results on Jan 31, 2025 Declared Dividend • Nov 26
First half dividend of JP¥35.50 announced Dividend of JP¥35.50 is the same as last year. Ex-date: 28th March 2025 Payment date: 9th June 2025 Dividend yield will be 2.2%, which is lower than the industry average of 2.8%. Sustainability & Growth Dividend is well covered by both earnings (42% earnings payout ratio) and cash flows (32% cash payout ratio). The dividend has increased by an average of 8.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 38% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Nov 21
FP Corporation Announces Dividend for the Year Ending March 31, 2025, Payable on November 25, 2024 FP Corporation announced dividend of JPY 21.50 per share for the year ending March 31, 2025 against JPY 21.50 per share for the same period a year ago. Scheduled date for commencement of dividend payments: November 25, 2024. Reported Earnings • Nov 02
Second quarter 2025 earnings: EPS exceeds analyst expectations Second quarter 2025 results: EPS: JP¥35.69 (up from JP¥35.16 in 2Q 2024). Revenue: JP¥59.8b (up 7.7% from 2Q 2024). Net income: JP¥2.89b (flat on 2Q 2024). Profit margin: 4.8% (down from 5.2% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.7%. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Packaging industry in Japan. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥21.50 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 22 November 2024. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (3.1%). Announcement • Sep 12
FP Corporation to Report Q2, 2025 Results on Oct 31, 2024 FP Corporation announced that they will report Q2, 2025 results on Oct 31, 2024 Reported Earnings • Aug 02
First quarter 2025 earnings: EPS misses analyst expectations First quarter 2025 results: EPS: JP¥17.97 (down from JP¥27.42 in 1Q 2024). Revenue: JP¥55.1b (up 3.6% from 1Q 2024). Net income: JP¥1.45b (down 35% from 1Q 2024). Profit margin: 2.6% (down from 4.2% in 1Q 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 20%. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Packaging industry in Asia. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Declared Dividend • Jul 11
Final dividend of JP¥21.50 announced Shareholders will receive a dividend of JP¥21.50. Ex-date: 27th September 2024 Payment date: 22nd November 2024 Dividend yield will be 2.3%, which is lower than the industry average of 2.8%. Sustainability & Growth Dividend is well covered by both earnings (34% earnings payout ratio) and cash flows (27% cash payout ratio). The dividend has increased by an average of 5.9% 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 22
FP Corporation to Report Q1, 2025 Results on Jul 31, 2024 FP Corporation announced that they will report Q1, 2025 results on Jul 31, 2024 Reported Earnings • May 01
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: JP¥143 (up from JP¥141 in FY 2023). Revenue: JP¥222.1b (up 5.1% from FY 2023). Net income: JP¥11.7b (up 1.7% from FY 2023). Profit margin: 5.3% (down from 5.5% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.8%. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Packaging industry in Asia. 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 15% per year, which means it is performing significantly worse than earnings. Buy Or Sell Opportunity • Apr 20
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.6% to JP¥2,574. The fair value is estimated to be JP¥3,351, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.3% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 5.9% in 2 years. Earnings are forecast to grow by 20% in the next 2 years. Buy Or Sell Opportunity • Apr 03
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 8.9% to JP¥2,675. The fair value is estimated to be JP¥3,360, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.3% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 5.9% in 2 years. Earnings are forecast to grow by 20% in the next 2 years. Announcement • Mar 24
FP Corporation to Report Fiscal Year 2024 Results on Apr 30, 2024 FP Corporation announced that they will report fiscal year 2024 results on Apr 30, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥35.50 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 12 June 2024. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (2.7%). Announcement • Feb 16
FP Corporation Revises Dividend Guidance for the Year Ending March 31, 2024 FP Corporation announced that it resolved at the meeting of the Board of Directors held on January 31, 2024, to change its dividend policy and revise the amount of year-end dividend (for the fiscal year ending March 31, 2024) with March 31, 2024, as the record date. In association with the above change of the dividend policy, the Company will revise the fiscal year-end dividend forecast for the fiscal year ending March 31, 2024, from ¥25.50 to ¥35.50 per share as a result of calculating it based on results for the third quarter of the current consolidated fiscal year and recent market trends, among other factors. Buy Or Sell Opportunity • Feb 08
Now 22% undervalued Over the last 90 days, the stock has risen 1.7% to JP¥2,869. The fair value is estimated to be JP¥3,681, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.3% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 5.9% in 2 years. Earnings are forecast to grow by 20% in the next 2 years. Reported Earnings • Feb 02
Third quarter 2024 earnings: EPS misses analyst expectations Third quarter 2024 results: EPS: JP¥55.26 (down from JP¥69.39 in 3Q 2023). Revenue: JP¥62.0b (up 3.0% from 3Q 2023). Net income: JP¥4.52b (down 20% from 3Q 2023). Profit margin: 7.3% (down from 9.4% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 24%. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Packaging industry in Asia. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 12% per year, which means it is performing significantly worse than earnings. Announcement • Feb 01
FP Corporation (TSE:7947) announces an Equity Buyback for 1,100,000 shares, representing 1.34% for ¥3,000 million. FP Corporation (TSE:7947) announces a share repurchase program. Under the program, the company will repurchase up to 1,100,000 shares, representing 1.34% of its issued share capital, for ¥3,000 million. The purpose of the program is to enhance shareholder returns and improve capital efficiency. The program will be valid till April 19, 2024. As of December 31, 2023, the company has 81,871,401 issued shares (excluding treasury stock) and 2,697,023 treasury shares. Announcement • Dec 14
FP Corporation to Report Q3, 2024 Results on Jan 31, 2024 FP Corporation announced that they will report Q3, 2024 results on Jan 31, 2024 Reported Earnings • Nov 01
Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2024 results: EPS: JP¥35.15 (up from JP¥26.69 in 2Q 2023). Revenue: JP¥55.5b (up 4.5% from 2Q 2023). Net income: JP¥2.88b (up 32% from 2Q 2023). Profit margin: 5.2% (up from 4.1% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) exceeded analyst estimates by 15%. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Packaging industry in Japan. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 12% per year, which means it is performing significantly worse than earnings. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥21.50 per share at 1.9% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 24 November 2023. Payout ratio is a comfortable 33% but the company is not cash flow positive. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.3%). Lower than average of industry peers (2.7%). Announcement • Sep 17
FP Corporation to Report Q2, 2024 Results on Oct 30, 2023 FP Corporation announced that they will report Q2, 2024 results on Oct 30, 2023 Reported Earnings • Aug 01
First quarter 2024 earnings: EPS exceeds analyst expectations First quarter 2024 results: EPS: JP¥27.42 (up from JP¥23.79 in 1Q 2023). Revenue: JP¥53.2b (up 7.7% from 1Q 2023). Net income: JP¥2.24b (up 15% from 1Q 2023). Profit margin: 4.2% (up from 3.9% in 1Q 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 15%. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Packaging industry in Japan. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 11% per year, which means it is performing significantly worse than earnings. Announcement • Jun 21
FP Corporation to Report Q1, 2024 Results on Jul 31, 2023 FP Corporation announced that they will report Q1, 2024 results on Jul 31, 2023 Price Target Changed • May 19
Price target decreased by 9.1% to JP¥3,816 Down from JP¥4,200, the current price target is an average from 7 analysts. New target price is 27% above last closing price of JP¥3,015. Stock is up 16% over the past year. The company is forecast to post earnings per share of JP¥152 for next year compared to JP¥141 last year. Major Estimate Revision • May 05
Consensus EPS estimates fall by 11% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from JP¥172 to JP¥153 per share. Revenue forecast steady at JP¥222.3b. Net income forecast to grow 8.3% next year vs 19% growth forecast for Packaging industry in Japan. Consensus price target down from JP¥4,200 to JP¥4,001. Share price fell 8.3% to JP¥3,020 over the past week. Reported Earnings • Apr 29
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: JP¥141 (up from JP¥137 in FY 2022). Revenue: JP¥211.3b (up 8.0% from FY 2022). Net income: JP¥11.5b (up 2.9% from FY 2022). Profit margin: 5.5% (down from 5.7% 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 3.2%. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Packaging industry in Japan. 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 6% per year. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥25.50 per share at 1.5% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 06 June 2023. Payout ratio is a comfortable 34% but the company is not cash flow positive. Trailing yield: 1.5%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (3.2%). Announcement • Feb 16
FP Corporation Provides Consolidated Earnings Guidance for the Year Ending March 31, 2023 FP Corporation provided consolidated earnings guidance for the year ending March 31, 2023. For the year, the company expects net sales of ¥212,000 million, operating profit of ¥16,400 million, profit attributable to owners of parent of ¥11,230 million and net income per share of ¥137.23. Reported Earnings • Feb 01
Third quarter 2023 earnings: EPS and revenues exceed analyst expectations Third quarter 2023 results: EPS: JP¥69.39 (up from JP¥47.12 in 3Q 2022). Revenue: JP¥60.2b (up 13% from 3Q 2022). Net income: JP¥5.68b (up 47% from 3Q 2022). Profit margin: 9.4% (up from 7.2% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) also surpassed analyst estimates by 20%. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Packaging industry in Japan. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 4% per year. Announcement • Dec 21
FP Corporation to Report Q3, 2023 Results on Jan 31, 2023 FP Corporation announced that they will report Q3, 2023 results on Jan 31, 2023 Reported Earnings • Nov 02
Second quarter 2023 earnings: EPS exceeds analyst expectations Second quarter 2023 results: EPS: JP¥26.68 (down from JP¥37.51 in 2Q 2022). Revenue: JP¥53.1b (up 6.8% from 2Q 2022). Net income: JP¥2.18b (down 29% from 2Q 2022). Profit margin: 4.1% (down from 6.2% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 34%. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Packaging industry in Japan. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 4% per year. Announcement • Sep 23
FP Corporation to Report Q2, 2023 Results on Oct 31, 2022 FP Corporation announced that they will report Q2, 2023 results on Oct 31, 2022 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥21.50 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 24 November 2022. Payout ratio is a comfortable 37% but the company is paying out more than the cash it is generating. Trailing yield: 1.4%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (3.1%). Price Target Changed • Aug 04
Price target increased to JP¥3,743 Up from JP¥3,371, the current price target is an average from 7 analysts. New target price is 10% above last closing price of JP¥3,400. Stock is down 18% over the past year. The company is forecast to post earnings per share of JP¥137 for next year compared to JP¥137 last year. Reported Earnings • Jul 31
First quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2023 results: EPS: JP¥23.79 (down from JP¥33.42 in 1Q 2022). Revenue: JP¥49.4b (up 3.8% from 1Q 2022). Net income: JP¥1.95b (down 29% from 1Q 2022). Profit margin: 3.9% (down from 5.7% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) exceeded analyst estimates by 9.7%. Over the next year, revenue is forecast to grow 8.3%, compared to a 8.7% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • May 10
Mitsui & Co., Ltd. (TSE:8031) and FP Corporation (TSE:7947) entered into a conditional share sale agreement to acquire LEE Soon Seng Plastic Industries Sdn Bhd from SCGM Bhd (KLSE:SCGM) for MYR 544.38 million. Mitsui & Co., Ltd. (TSE:8031) and FP Corporation (TSE:7947) entered into a conditional share sale agreement to acquire LEE Soon Seng Plastic Industries Sdn Bhd from SCGM Bhd (KLSE:SCGM) for MYR 544.38 million on May 9, 2022. 63,879,754 ordinary shares of LSSPI representing 60% equity interest in LSSPI to be disposed to Mitsui for a cash consideration of MYR 326.63 million. 42,586,502 LSSPI Shares, representing 40% equity interest in LSSPI to be disposed to FPCO for a cash consideration of MYR 217.75 million. The Disposal Consideration is to be settled entirely in cash. The transaction is conditional upon regulatory authority. The share sale agreement is inter-conditional to the completion of the transfer of three contiguous parcels of land with factory buildings and other ancillary buildings located at Mukim Senai, Kulai, Johor for a total cash consideration of MYR 18.80 million. LSSPI recorded a revenue of approximately MYR 246.50 million for the year ended April 30, 2021. LSSPI recorded a PAT of approximately MYR 33.95 million on April 30, 2021. Promilia Berhad and MainStreet Advisers Sdn Bhd acted as financial advisors to SCGM. The Proposals are expected to be completed by the third quarter of 2022. Price Target Changed • May 04
Price target decreased to JP¥3,700 Down from JP¥4,000, the current price target is an average from 7 analysts. New target price is 34% above last closing price of JP¥2,756. Stock is down 35% over the past year. The company is forecast to post earnings per share of JP¥151 for next year compared to JP¥137 last year. Announcement • May 02
FP Corporation, Annual General Meeting, Jun 23, 2022 FP Corporation, Annual General Meeting, Jun 23, 2022. Reported Earnings • Apr 30
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: EPS: JP¥137 (down from JP¥148 in FY 2021). Revenue: JP¥195.7b (flat on FY 2021). Net income: JP¥11.2b (down 8.2% from FY 2021). Profit margin: 5.7% (down from 6.2% in FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.7%. Over the next year, revenue is forecast to grow 7.8%, compared to a 6.3% 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 fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Apr 08
FP Corporation to Report Fiscal Year 2022 Results on Apr 28, 2022 FP Corporation announced that they will report fiscal year 2022 results on Apr 28, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥25.50 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 07 June 2022. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (3.2%). Price Target Changed • Mar 16
Price target decreased to JP¥4,143 Down from JP¥4,486, the current price target is an average from 7 analysts. New target price is 33% above last closing price of JP¥3,115. Stock is down 33% over the past year. The company is forecast to post earnings per share of JP¥141 for next year compared to JP¥148 last year.