Valuation Update With 7 Day Price Move • May 22
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to JP¥7,530, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 14x in the Chemicals industry in Japan. Total returns to shareholders of 144% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥5,499 per share. Reported Earnings • May 20
Full year 2026 earnings: EPS exceeds analyst expectations Full year 2026 results: EPS: JP¥291 (up from JP¥266 in FY 2025). Revenue: JP¥58.6b (down 2.6% from FY 2025). Net income: JP¥5.13b (up 9.7% from FY 2025). Profit margin: 8.8% (up from 7.8% in FY 2025). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.9%. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 29% per year, which means it is well ahead of earnings. Announcement • May 18
Valqua, Ltd., Annual General Meeting, Jun 18, 2026 Valqua, Ltd., Annual General Meeting, Jun 18, 2026. Buy Or Sell Opportunity • May 12
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 41% to JP¥6,510. The fair value is estimated to be JP¥5,391, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 2.8% over the last 3 years. Earnings per share has declined by 13%. For the next 3 years, revenue is forecast to grow by 6.2% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. New Risk • May 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.0% average weekly change). Upcoming Dividend • Mar 23
Upcoming dividend of JP¥75.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 26 June 2026. Payout ratio is a comfortable 48% but the company is not cash flow positive. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.3%). Announcement • Mar 18
Valqua, Ltd. to Report Fiscal Year 2026 Results on May 13, 2026 Valqua, Ltd. announced that they will report fiscal year 2026 results at 3:00 PM, Tokyo Standard Time on May 13, 2026 Buy Or Sell Opportunity • Mar 04
Now 21% undervalued Over the last 90 days, the stock has risen 18% to JP¥4,775. The fair value is estimated to be JP¥6,063, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.8% over the last 3 years. Earnings per share has declined by 13%. For the next 3 years, revenue is forecast to grow by 6.1% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Reported Earnings • Feb 05
Third quarter 2026 earnings released: EPS: JP¥59.47 (vs JP¥45.79 in 3Q 2025) Third quarter 2026 results: EPS: JP¥59.47 (up from JP¥45.79 in 3Q 2025). Revenue: JP¥15.2b (up 2.2% from 3Q 2025). Net income: JP¥1.05b (up 30% from 3Q 2025). Profit margin: 6.9% (up from 5.4% in 3Q 2025). Revenue is forecast to grow 6.1% 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 fallen by 13% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Price Target Changed • Dec 31
Price target increased by 15% to JP¥5,250 Up from JP¥4,567, the current price target is an average from 2 analysts. New target price is 29% above last closing price of JP¥4,060. Stock is up 24% over the past year. The company is forecast to post earnings per share of JP¥284 for next year compared to JP¥266 last year. Announcement • Dec 06
Valqua, Ltd. to Report Q3, 2026 Results on Feb 04, 2026 Valqua, Ltd. announced that they will report Q3, 2026 results on Feb 04, 2026 Declared Dividend • Dec 02
First half dividend of JP¥75.00 announced Dividend of JP¥75.00 is the same as last year. Ex-date: 30th March 2026 Payment date: 26th June 2026 Dividend yield will be 3.8%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by earnings (50% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 42% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 07
Second quarter 2026 earnings released: EPS: JP¥73.23 (vs JP¥39.77 in 2Q 2025) Second quarter 2026 results: EPS: JP¥73.23 (up from JP¥39.77 in 2Q 2025). Revenue: JP¥13.1b (down 12% from 2Q 2025). Net income: JP¥1.29b (up 84% from 2Q 2025). Profit margin: 9.8% (up from 4.7% in 2Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.0% 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 15% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥75.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 02 December 2025. Payout ratio is a comfortable 57% but the company is not cash flow positive. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.6%). Announcement • Sep 06
Shenzhen WOTE Advanced Materials Co.,Ltd (SZSE:002886) entered into Share Transfer Agreement to acquire Valqua Seal Products (shanghai) Co., Ltd from Valqua, Ltd. (TSE:7995) for CNY 25.7 million. Shenzhen WOTE Advanced Materials Co.,Ltd (SZSE:002886) entered into Share Transfer Agreement to acquire Valqua Seal Products (shanghai) Co., Ltd from Valqua, Ltd. (TSE:7995) for CNY 25.7 million on September 5, 2025. A cash consideration of CNY 25.72 million will be paid by Shenzhen WOTE Advanced Materials Co.,Ltd. As part of consideration, CNY 25.72 million is paid towards common equity of Valqua Seal Products (shanghai) Co., Ltd.
As of June 30, 2025, Valqua Seal Products (shanghai) Co., Ltd reported total assets of CNY 49.57 million and total common equity of CNY 26.74 million.
The transaction is subject to approval of offer by acquirer shareholders and approval of offer by acquirer board. The deal has been approved by the board. Price Target Changed • Sep 02
Price target increased by 7.6% to JP¥4,533 Up from JP¥4,213, the current price target is an average from 3 analysts. New target price is 19% above last closing price of JP¥3,815. Stock is up 6.9% over the past year. The company is forecast to post earnings per share of JP¥291 for next year compared to JP¥266 last year. Announcement • Sep 01
Valqua, Ltd. to Report Q2, 2026 Results on Nov 05, 2025 Valqua, Ltd. announced that they will report Q2, 2026 results on Nov 05, 2025 Reported Earnings • Jul 31
First quarter 2026 earnings released: EPS: JP¥71.67 (vs JP¥73.84 in 1Q 2025) First quarter 2026 results: EPS: JP¥71.67 (down from JP¥73.84 in 1Q 2025). Revenue: JP¥13.9b (down 8.4% from 1Q 2025). Net income: JP¥1.26b (down 2.9% from 1Q 2025). Profit margin: 9.0% (up from 8.5% in 1Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.4% 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 fallen by 15% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Declared Dividend • Jul 09
Final dividend of JP¥75.00 announced Dividend of JP¥75.00 is the same as last year. Ex-date: 29th September 2025 Payment date: 2nd December 2025 Dividend yield will be 4.9%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by earnings (71% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 39% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jun 29
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: JP¥266 (down from JP¥279 in FY 2024). Revenue: JP¥60.1b (down 2.6% from FY 2024). Net income: JP¥4.68b (down 4.7% from FY 2024). Profit margin: 7.8% (down from 8.0% in FY 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) exceeded analyst estimates by 7.5%. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 3.9% 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 7% per year, which means it is well ahead of earnings. Announcement • Jun 03
Valqua, Ltd. to Report Q1, 2026 Results on Jul 30, 2025 Valqua, Ltd. announced that they will report Q1, 2026 results on Jul 30, 2025 Announcement • May 14
Valqua, Ltd., Annual General Meeting, Jun 25, 2025 Valqua, Ltd., Annual General Meeting, Jun 25, 2025. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥2,532, 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 12% over the past three years. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥75.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 23 June 2025. Payout ratio is a comfortable 71% but the company is not cash flow positive. Trailing yield: 4.5%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.6%). Buy Or Sell Opportunity • Mar 01
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.0% to JP¥3,220. The fair value is estimated to be JP¥4,095, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.1% over the last 3 years. Earnings per share has declined by 6.5%. Revenue is forecast to grow by 13% in 2 years. Earnings are forecast to grow by 70% in the next 2 years. Announcement • Mar 01
Valqua, Ltd. to Report Fiscal Year 2025 Results on May 14, 2025 Valqua, Ltd. announced that they will report fiscal year 2025 results on May 14, 2025 Buy Or Sell Opportunity • Jan 30
Now 21% undervalued Over the last 90 days, the stock has risen 2.9% to JP¥3,335. The fair value is estimated to be JP¥4,209, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.1% over the last 3 years. Earnings per share has declined by 6.5%. Revenue is forecast to grow by 17% in 2 years. Earnings are forecast to grow by 75% in the next 2 years. Announcement • Nov 30
Valqua, Ltd. to Report Q3, 2025 Results on Jan 29, 2025 Valqua, Ltd. announced that they will report Q3, 2025 results on Jan 29, 2025 Upcoming Dividend • Sep 20
Upcoming dividend of JP¥75.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 55% but the company is not cash flow positive. Trailing yield: 4.5%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.4%). Price Target Changed • Sep 04
Price target decreased by 13% to JP¥4,200 Down from JP¥4,800, the current price target is an average from 2 analysts. New target price is 22% above last closing price of JP¥3,440. Stock is down 22% over the past year. The company is forecast to post earnings per share of JP¥281 for next year compared to JP¥279 last year. Reported Earnings • Aug 01
First quarter 2025 earnings released: EPS: JP¥73.84 (vs JP¥78.63 in 1Q 2024) First quarter 2025 results: EPS: JP¥73.84 (down from JP¥78.63 in 1Q 2024). Revenue: JP¥15.2b (down 1.7% from 1Q 2024). Net income: JP¥1.30b (down 5.9% from 1Q 2024). Profit margin: 8.5% (down from 8.9% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 7.3% 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 13% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Jun 25
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: JP¥279 (down from JP¥382 in FY 2023). Revenue: JP¥61.7b (flat on FY 2023). Net income: JP¥4.91b (down 27% from FY 2023). Profit margin: 8.0% (down from 11% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.6%. Revenue is forecast to grow 6.4% p.a. on average during the next 3 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 20% per year whereas the company’s share price has increased by 19% per year. Major Estimate Revision • Jun 05
Consensus EPS estimates fall by 15% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from JP¥64.0b to JP¥63.0b. EPS estimate also fell from JP¥348 per share to JP¥295 per share. Net income forecast to grow 7.9% next year vs 11% growth forecast for Chemicals industry in Japan. Consensus price target of JP¥4,467 unchanged from last update. Share price was steady at JP¥3,585 over the past week. Reported Earnings • May 16
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: JP¥279 (down from JP¥382 in FY 2023). Revenue: JP¥61.7b (flat on FY 2023). Net income: JP¥4.91b (down 27% from FY 2023). Profit margin: 8.0% (down from 11% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.6%. Revenue is forecast to grow 7.7% p.a. on average during the next 2 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 20% per year whereas the company’s share price has increased by 22% per year. Valuation Update With 7 Day Price Move • May 16
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥3,805, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 13x in the Chemicals industry in Japan. Total returns to shareholders of 107% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥7,195 per share. Announcement • May 15
Valqua, Ltd., Annual General Meeting, Jun 20, 2024 Valqua, Ltd., Annual General Meeting, Jun 20, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥75.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 24 June 2024. Payout ratio is a comfortable 75% but the company is not cash flow positive. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (2.1%). Announcement • Mar 02
Valqua, Ltd. to Report Fiscal Year 2024 Results on May 13, 2024 Valqua, Ltd. announced that they will report fiscal year 2024 results on May 13, 2024 Reported Earnings • Feb 02
Third quarter 2024 earnings released: EPS: JP¥73.34 (vs JP¥128 in 3Q 2023) Third quarter 2024 results: EPS: JP¥73.34 (down from JP¥128 in 3Q 2023). Revenue: JP¥15.1b (down 6.4% from 3Q 2023). Net income: JP¥1.29b (down 43% from 3Q 2023). Profit margin: 8.6% (down from 14% in 3Q 2023). Revenue is forecast to grow 6.3% 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 28% per year whereas the company’s share price has increased by 27% per year. Announcement • Nov 29
Valqua, Ltd. to Report Q3, 2024 Results on Jan 30, 2024 Valqua, Ltd. announced that they will report Q3, 2024 results on Jan 30, 2024 Reported Earnings • Nov 01
Second quarter 2024 earnings released: EPS: JP¥75.02 (vs JP¥95.21 in 2Q 2023) Second quarter 2024 results: EPS: JP¥75.02 (down from JP¥95.21 in 2Q 2023). Revenue: JP¥15.7b (up 2.5% from 2Q 2023). Net income: JP¥1.32b (down 22% from 2Q 2023). Profit margin: 8.4% (down from 11% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.2% p.a. on average during the next 3 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 34% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥75.00 per share at 3.6% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 01 December 2023. Payout ratio is a comfortable 40% but the company is paying out more than the cash it is generating. Trailing yield: 3.6%. Within top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (2.5%). Announcement • Aug 30
Valqua, Ltd. to Report Q2, 2024 Results on Oct 30, 2023 Valqua, Ltd. announced that they will report Q2, 2024 results on Oct 30, 2023 Price Target Changed • Aug 30
Price target increased by 10% to JP¥4,850 Up from JP¥4,400, the current price target is an average from 2 analysts. New target price is 15% above last closing price of JP¥4,210. Stock is up 55% over the past year. The company is forecast to post earnings per share of JP¥327 for next year compared to JP¥382 last year. Reported Earnings • Jul 29
First quarter 2024 earnings released: EPS: JP¥78.63 (vs JP¥84.10 in 1Q 2023) First quarter 2024 results: EPS: JP¥78.63 (down from JP¥84.10 in 1Q 2023). Revenue: JP¥15.5b (up 8.6% from 1Q 2023). Net income: JP¥1.38b (down 7.2% from 1Q 2023). Profit margin: 8.9% (down from 10% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.3% 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 increased by 37% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jun 25
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: JP¥382 (up from JP¥274 in FY 2022). Revenue: JP¥62.2b (up 17% from FY 2022). Net income: JP¥6.75b (up 39% from FY 2022). Profit margin: 11% (up from 9.1% in FY 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 1.5%. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Announcement • May 17
Valqua, Ltd., Annual General Meeting, Jun 21, 2023 Valqua, Ltd., Annual General Meeting, Jun 21, 2023. Reported Earnings • May 17
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: JP¥382 (up from JP¥274 in FY 2022). Revenue: JP¥62.2b (up 17% from FY 2022). Net income: JP¥6.75b (up 39% from FY 2022). Profit margin: 11% (up from 9.1% in FY 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 1.5%. Revenue is forecast to grow 2.5% p.a. on average during the next 2 years, compared to a 3.7% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Announcement • May 16
Valqua, Ltd. to Report Q1, 2024 Results on Jul 26, 2023 Valqua, Ltd. announced that they will report Q1, 2024 results on Jul 26, 2023 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥90.00 per share at 3.9% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 23 June 2023. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.8%). Price Target Changed • Feb 28
Price target increased by 7.3% to JP¥4,400 Up from JP¥4,100, the current price target is an average from 2 analysts. New target price is 33% above last closing price of JP¥3,305. Stock is up 22% over the past year. The company is forecast to post earnings per share of JP¥376 for next year compared to JP¥274 last year. Announcement • Jan 31
Valqua, Ltd. (TSE:7995) announces an Equity Buyback for 220,000 shares, representing 1.24% for ¥500 million. Valqua, Ltd. (TSE:7995) announces a share repurchase program. Under the program, the company will repurchase up to 220,000 shares, representing 1.24% of its total shares outstanding (excluding treasury shares), for a total of ¥500 million. The purpose of repurchase program is to return more profits to the shareholders and to improve the capital efficiency by executing a flexible capital policy. The repurchase program is valid till April 28, 2023. As of September 30, 2022, the company had 17,723,247 shares outstanding (excluding treasury shares) and had 965,486 shares in treasury. Reported Earnings • Jan 31
Third quarter 2023 earnings released: EPS: JP¥128 (vs JP¥78.22 in 3Q 2022) Third quarter 2023 results: EPS: JP¥128 (up from JP¥78.22 in 3Q 2022). Revenue: JP¥16.1b (up 15% from 3Q 2022). Net income: JP¥2.27b (up 64% from 3Q 2022). Profit margin: 14% (up from 9.9% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.5% 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 increased by 32% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Announcement • Dec 02
Valqua, Ltd. to Report Q3, 2023 Results on Jan 30, 2023 Valqua, Ltd. announced that they will report Q3, 2023 results on Jan 30, 2023 Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Outside Director Mikiko Saito was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 27
Second quarter 2023 earnings released: EPS: JP¥95.21 (vs JP¥66.98 in 2Q 2022) Second quarter 2023 results: EPS: JP¥95.21 (up from JP¥66.98 in 2Q 2022). Revenue: JP¥15.3b (up 22% from 2Q 2022). Net income: JP¥1.69b (up 42% from 2Q 2022). Profit margin: 11% (up from 9.4% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.1% p.a. on average during the next 3 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 23% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥60.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 01 December 2022. Payout ratio is a comfortable 39% and the cash payout ratio is 85%. Trailing yield: 4.5%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.9%). Announcement • Sep 17
Valqua, Ltd. (TSE:7995) acquired Unknown additional stake in Ridge-i Co., Ltd from INCJ, Ltd. Valqua, Ltd. (TSE:7995) acquired Unknown additional stake in Ridge-i Co., Ltd from INCJ, Ltd. on September 15, 2022. INCJ, Ltd. has sold his entire stake in Ridge-i Co., Ltd.
Valqua, Ltd. (TSE:7995) completed the acquisition of Unknown additional stake in Ridge-i Co., Ltd from INCJ, Ltd. on September 15, 2022. Announcement • Sep 01
Valqua, Ltd. to Report Q2, 2023 Results on Oct 26, 2022 Valqua, Ltd. announced that they will report Q2, 2023 results on Oct 26, 2022 Reported Earnings • Jul 27
First quarter 2023 earnings released: EPS: JP¥84.09 (vs JP¥41.48 in 1Q 2022) First quarter 2023 results: EPS: JP¥84.09 (up from JP¥41.48 in 1Q 2022). Revenue: JP¥14.3b (up 17% from 1Q 2022). Net income: JP¥1.49b (up 103% from 1Q 2022). Profit margin: 10% (up from 6.0% in 1Q 2022). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 6.7%, compared to a 12% growth forecast for the industry in Japan. 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 5% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jun 26
Full year 2022 earnings: Revenues exceed analyst expectations Full year 2022 results: Revenue: JP¥53.2b (up 19% from FY 2021). Net income: JP¥4.84b (up 57% from FY 2021). Profit margin: 9.1% (up from 6.9% in FY 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.1%. Over the next year, revenue is forecast to grow 10%, compared to a 11% growth forecast for the industry in Japan. Major Estimate Revision • Jun 02
Consensus EPS estimates increase by 11% The consensus outlook for earnings per share (EPS) in 2023 has improved. 2023 revenue forecast increased from JP¥56.9b to JP¥58.5b. EPS estimate increased from JP¥296 to JP¥328 per share. Net income forecast to grow 20% next year vs 5.9% growth forecast for Chemicals industry in Japan. Consensus price target up from JP¥3,800 to JP¥4,250. Share price rose 7.7% to JP¥2,909 over the past week. Price Target Changed • Jun 01
Price target increased to JP¥4,150 Up from JP¥3,700, the current price target is an average from 2 analysts. New target price is 46% above last closing price of JP¥2,834. Stock is up 34% over the past year. The company is forecast to post earnings per share of JP¥312 for next year compared to JP¥274 last year. Reported Earnings • May 19
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: JP¥274 (up from JP¥175 in FY 2021). Revenue: JP¥53.2b (up 19% from FY 2021). Net income: JP¥4.84b (up 57% from FY 2021). Profit margin: 9.1% (up from 6.9% in FY 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 7.7%. Over the next year, revenue is forecast to grow 6.9%, compared to a 7.7% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 7% per year. Announcement • May 18
Valqua, Ltd., Annual General Meeting, Jun 22, 2022 Valqua, Ltd., Annual General Meeting, Jun 22, 2022. Announcement • May 13
Valqua, Ltd. to Report Q1, 2023 Results on Jul 28, 2022 Valqua, Ltd. announced that they will report Q1, 2023 results on Jul 28, 2022 Board Change • Apr 27
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Outside Director Mikiko Saito was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Announcement • Apr 08
Valqua, Ltd. to Report Fiscal Year 2022 Results on May 16, 2022 Valqua, Ltd. announced that they will report fiscal year 2022 results on May 16, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥65.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 17 June 2022. Payout ratio is a comfortable 42% but the company is paying out more than the cash it is generating. Trailing yield: 4.8%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (2.6%). Reported Earnings • Jan 28
Third quarter 2022 earnings: EPS and revenues exceed analyst expectations Third quarter 2022 results: EPS: JP¥78.21 (up from JP¥21.93 in 3Q 2021). Revenue: JP¥13.9b (up 26% from 3Q 2021). Net income: JP¥1.38b (up 257% from 3Q 2021). Profit margin: 9.9% (up from 3.5% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.8%. Earnings per share (EPS) also surpassed analyst estimates by 10%. Over the next year, revenue is forecast to grow 9.2%, compared to a 8.9% 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 increased by 4% per year, which means it is well ahead of earnings. Reported Earnings • Oct 28
Second quarter 2022 earnings released: EPS JP¥66.98 (vs JP¥62.54 in 2Q 2021) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2022 results: Revenue: JP¥12.6b (up 18% from 2Q 2021). Net income: JP¥1.18b (up 7.3% from 2Q 2021). Profit margin: 9.4% (in line with 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥50.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 01 December 2021. Trailing yield: 4.4%. Within top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (1.9%). Reported Earnings • Jul 29
First quarter 2022 earnings released: EPS JP¥41.48 (vs JP¥39.76 in 1Q 2021) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2022 results: Revenue: JP¥12.2b (up 11% from 1Q 2021). Net income: JP¥732.0m (up 4.6% from 1Q 2021). Profit margin: 6.0% (down from 6.4% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 16% per year whereas the company’s share price has fallen by 14% per year. Announcement • Jun 23
Valqua Ordinary Shares to Be Deleted from Other OTC Valqua Ltd. Ordinary Shares will be deleted from Other OTC effective June 22, 2021. The deletion is due to Inactive Security. Reported Earnings • Jun 19
Full year 2021 earnings released: EPS JP¥175 (vs JP¥166 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥44.7b (down 7.2% from FY 2020). Net income: JP¥3.09b (up 5.9% from FY 2020). Profit margin: 6.9% (up from 6.1% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 13% per year. Reported Earnings • May 19
Full year 2021 earnings released: EPS JP¥175 (vs JP¥166 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥44.7b (down 7.2% from FY 2020). Net income: JP¥3.09b (up 5.9% from FY 2020). Profit margin: 6.9% (up from 6.1% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 13% per year. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥45.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 19 June 2021. Trailing yield: 4.1%. Within top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.8%). Is New 90 Day High Low • Feb 17
New 90-day high: JP¥2,183 The company is up 18% from its price of JP¥1,850 on 19 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 11% over the same period. Reported Earnings • Jan 28
Third quarter 2021 earnings released: EPS JP¥21.93 (vs JP¥32.78 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥11.1b (down 4.5% from 3Q 2020). Net income: JP¥387.0m (down 33% from 3Q 2020). Profit margin: 3.5% (down from 5.0% in 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 15% per year. Analyst Estimate Surprise Post Earnings • Jan 28
Revenue beats expectations, earnings disappoint Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) missed analyst estimates by 2.7%. Over the next year, revenue is forecast to grow 6.2%, compared to a 4.5% growth forecast for the Chemicals industry in Japan. Is New 90 Day High Low • Jan 07
New 90-day high: JP¥2,081 The company is up 6.0% from its price of JP¥1,963 on 09 October 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 12% over the same period. Announcement • Dec 24
Valqua, Ltd. to Report Q3, 2021 Results on Jan 27, 2021 Valqua, Ltd. announced that they will report Q3, 2021 results on Jan 27, 2021 Is New 90 Day High Low • Dec 03
New 90-day high: JP¥1,972 The company is up 7.0% from its price of JP¥1,838 on 04 September 2020. The Japanese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 17% over the same period. Announcement • Oct 10
Valqua, Ltd. to Report Q2, 2021 Results on Oct 28, 2020 Valqua, Ltd. announced that they will report Q2, 2021 results on Oct 28, 2020 
