New Risk • May 20
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (9.9% average weekly change). Earnings have declined by 31% per year over the past 5 years. Minor Risk Market cap is less than US$100m (JP¥4.14b market cap, or US$26.0m). Reported Earnings • May 20
Full year 2026 earnings released: JP¥24.78 loss per share (vs JP¥3.17 loss in FY 2025) Full year 2026 results: JP¥24.78 loss per share (further deteriorated from JP¥3.17 loss in FY 2025). Revenue: JP¥6.49b (flat on FY 2025). Net loss: JP¥109.0m (loss widened JP¥95.0m from FY 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance. Announcement • May 15
Shikino High-Tech CO.,LTD., Annual General Meeting, Jun 24, 2026 Shikino High-Tech CO.,LTD., Annual General Meeting, Jun 24, 2026. Announcement • May 10
Shikino High-Tech CO.,LTD. to Report Fiscal Year 2026 Results on May 15, 2026 Shikino High-Tech CO.,LTD. announced that they will report fiscal year 2026 results on May 15, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 11 June 2026. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.0%). Reported Earnings • Feb 14
Third quarter 2026 earnings released: JP¥9.79 loss per share (vs JP¥6.10 loss in 3Q 2025) Third quarter 2026 results: JP¥9.79 loss per share (further deteriorated from JP¥6.10 loss in 3Q 2025). Revenue: JP¥1.51b (down 6.7% from 3Q 2025). Net loss: JP¥43.0m (loss widened 59% from 3Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 51 percentage points per year, which is a significant difference in performance. New Risk • Feb 09
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 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 20% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Market cap is less than US$100m (JP¥4.03b market cap, or US$25.7m). Announcement • Dec 24
Shikino High-Tech CO.,LTD. to Report Q3, 2026 Results on Feb 12, 2026 Shikino High-Tech CO.,LTD. announced that they will report Q3, 2026 results on Feb 12, 2026 Announcement • Sep 02
Shikino High-Tech CO.,LTD. to Report Q2, 2026 Results on Nov 14, 2025 Shikino High-Tech CO.,LTD. announced that they will report Q2, 2026 results on Nov 14, 2025 New Risk • Aug 10
New major risk - Revenue and earnings growth Earnings have declined by 13% per year over the past 5 years. 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 declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. 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 have declined by 13% per year over the past 5 years. Minor Risk Market cap is less than US$100m (JP¥3.45b market cap, or US$23.3m). Reported Earnings • Aug 10
First quarter 2026 earnings released: JP¥16.96 loss per share (vs JP¥9.26 loss in 1Q 2025) First quarter 2026 results: JP¥16.96 loss per share (further deteriorated from JP¥9.26 loss in 1Q 2025). Revenue: JP¥1.52b (flat on 1Q 2025). Net loss: JP¥75.0m (loss widened 83% from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings. Announcement • Jun 25
Shikino High-Tech CO.,LTD. (TSE:6614) announces an Equity Buyback for 40,000 shares, representing 0.9% for ¥60 million. Shikino High-Tech CO.,LTD. (TSE:6614) announces a share repurchase program. Under the program, the company will repurchase up to 40,000 shares, representing 0.9% of its share capital, for ¥60 million. The purpose of the program is to improve capital efficiency, return profits to shareholders, and implement a flexible and agile capital policy. The program will expire on September 30, 2025. As of May 31, 2025, the company had 4,423,043 shares in issue (excluding treasury stock) and 2,957 shares in treasury. Announcement • Jun 03
Shikino High-Tech CO.,LTD. to Report Q1, 2026 Results on Aug 08, 2025 Shikino High-Tech CO.,LTD. announced that they will report Q1, 2026 results on Aug 08, 2025 Reported Earnings • May 17
Full year 2025 earnings released: JP¥3.17 loss per share (vs JP¥115 profit in FY 2024) Full year 2025 results: JP¥3.17 loss per share (down from JP¥115 profit in FY 2024). Revenue: JP¥6.52b (down 8.1% from FY 2024). Net loss: JP¥14.0m (down 103% from profit in FY 2024). Over the last 3 years on average, earnings per share has fallen by 24% per year whereas the company’s share price has fallen by 19% per year. Announcement • May 13
Shikino High-Tech CO.,LTD., Annual General Meeting, Jun 25, 2025 Shikino High-Tech CO.,LTD., Annual General Meeting, Jun 25, 2025. Valuation Update With 7 Day Price Move • Apr 28
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to JP¥1,073, the stock trades at a trailing P/E ratio of 33.4x. Average trailing P/E is 12x in the Semiconductor industry in Japan. Total loss to shareholders of 42% over the past three years. Valuation Update With 7 Day Price Move • Apr 02
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥990, the stock trades at a trailing P/E ratio of 30.9x. Average trailing P/E is 12x in the Semiconductor industry in Japan. Total loss to shareholders of 49% over the past three years. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 11 June 2025. Trailing yield: 1.3%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (1.8%). New Risk • Mar 13
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 7.7% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.7% average weekly change). Minor Risks Profit margins are more than 30% lower than last year (2.1% net profit margin). Market cap is less than US$100m (JP¥4.79b market cap, or US$32.4m). Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥1,083, the stock trades at a trailing P/E ratio of 33.8x. Average trailing P/E is 12x in the Semiconductor industry in Japan. Total loss to shareholders of 35% over the past three years. Announcement • Mar 04
Shikino High-Tech CO.,LTD. to Report Fiscal Year 2025 Results on May 13, 2025 Shikino High-Tech CO.,LTD. announced that they will report fiscal year 2025 results on May 13, 2025 Reported Earnings • Feb 15
Third quarter 2025 earnings released: JP¥6.10 loss per share (vs JP¥24.64 profit in 3Q 2024) Third quarter 2025 results: JP¥6.10 loss per share (down from JP¥24.64 profit in 3Q 2024). Revenue: JP¥1.62b (down 7.1% from 3Q 2024). Net loss: JP¥27.0m (down 125% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 20% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Dec 17
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥1,012, the stock trades at a trailing P/E ratio of 16.1x. Average trailing P/E is 13x in the Semiconductor industry in Japan. Total loss to shareholders of 49% over the past three years. Announcement • Dec 05
Shikino High-Tech CO.,LTD. to Report Q3, 2025 Results on Feb 13, 2025 Shikino High-Tech CO.,LTD. announced that they will report Q3, 2025 results on Feb 13, 2025 New Risk • Nov 14
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.1% Last year net profit margin: 8.0% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.0% average weekly change). Profit margins are more than 30% lower than last year (4.1% net profit margin). Market cap is less than US$100m (JP¥5.69b market cap, or US$36.5m). Reported Earnings • Nov 14
Second quarter 2025 earnings released: EPS: JP¥13.11 (vs JP¥29.42 in 2Q 2024) Second quarter 2025 results: EPS: JP¥13.11 (down from JP¥29.42 in 2Q 2024). Revenue: JP¥1.65b (down 9.4% from 2Q 2024). Net income: JP¥58.0m (down 55% from 2Q 2024). Profit margin: 3.5% (down from 7.1% in 2Q 2024). The decrease in margin was driven by lower revenue. 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 21% per year, which means it is significantly lagging earnings. Announcement • Sep 27
Shikino High-Tech CO.,LTD. to Report Q2, 2025 Results on Nov 11, 2024 Shikino High-Tech CO.,LTD. announced that they will report Q2, 2025 results on Nov 11, 2024 Valuation Update With 7 Day Price Move • Aug 21
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to JP¥1,787, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 16x in the Semiconductor industry in Japan. Total loss to shareholders of 39% over the past three years. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 34% After last week's 34% share price decline to JP¥1,137, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 17x in the Semiconductor industry in Japan. Total loss to shareholders of 63% over the past three years. Announcement • Jul 30
Shikino High-Tech CO.,LTD. to Report Q1, 2025 Results on Aug 09, 2024 Shikino High-Tech CO.,LTD. announced that they will report Q1, 2025 results on Aug 09, 2024 Reported Earnings • May 20
Full year 2024 earnings released: EPS: JP¥115 (vs JP¥108 in FY 2023) Full year 2024 results: EPS: JP¥115 (up from JP¥108 in FY 2023). Revenue: JP¥7.09b (up 9.5% from FY 2023). Net income: JP¥509.0m (up 6.7% from FY 2023). Profit margin: 7.2% (down from 7.4% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.5% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Semiconductor industry in Japan. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • May 16
Shikino High-Tech CO.,LTD., Annual General Meeting, Jun 25, 2024 Shikino High-Tech CO.,LTD., Annual General Meeting, Jun 25, 2024. Upcoming Dividend • Mar 21
Inaugural dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. This is the first dividend for Shikino High-TechLTD since going public. The average dividend yield among industry peers is 0.9%. Valuation Update With 7 Day Price Move • Mar 12
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥2,815, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 22x in the Semiconductor industry in Japan. Total loss to shareholders of 15% over the past year. Announcement • Mar 08
Shikino High-Tech CO.,LTD. to Report Fiscal Year 2024 Results on May 14, 2024 Shikino High-Tech CO.,LTD. announced that they will report fiscal year 2024 results on May 14, 2024 Reported Earnings • Feb 17
Third quarter 2024 earnings released: EPS: JP¥24.64 (vs JP¥46.20 in 3Q 2023) Third quarter 2024 results: EPS: JP¥24.64 (down from JP¥46.20 in 3Q 2023). Revenue: JP¥1.75b (down 6.2% from 3Q 2023). Net income: JP¥109.0m (down 47% from 3Q 2023). Profit margin: 6.2% (down from 11% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Semiconductor industry in Japan. Announcement • Dec 28
Shikino High-Tech CO.,LTD. to Report Q3, 2024 Results on Feb 14, 2024 Shikino High-Tech CO.,LTD. announced that they will report Q3, 2024 results on Feb 14, 2024 Reported Earnings • Nov 12
Second quarter 2024 earnings released: EPS: JP¥29.42 (vs JP¥29.45 in 2Q 2023) Second quarter 2024 results: EPS: JP¥29.42 (down from JP¥29.45 in 2Q 2023). Revenue: JP¥1.82b (up 16% from 2Q 2023). Net income: JP¥130.0m (flat on 2Q 2023). Profit margin: 7.1% (down from 8.3% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Semiconductor industry in Japan. Announcement • Sep 28
Shikino High-Tech CO.,LTD. to Report Q2, 2024 Results on Nov 10, 2023 Shikino High-Tech CO.,LTD. announced that they will report Q2, 2024 results on Nov 10, 2023 Reported Earnings • Aug 12
First quarter 2024 earnings released: EPS: JP¥26.70 (vs JP¥7.48 in 1Q 2023) First quarter 2024 results: EPS: JP¥26.70 (up from JP¥7.48 in 1Q 2023). Revenue: JP¥1.68b (up 24% from 1Q 2023). Net income: JP¥118.0m (up 258% from 1Q 2023). Profit margin: 7.0% (up from 2.4% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Semiconductor industry in Japan. Announcement • Jun 28
Shikino High-Tech CO.,LTD. to Report Q1, 2024 Results on Aug 10, 2023 Shikino High-Tech CO.,LTD. announced that they will report Q1, 2024 results on Aug 10, 2023 Valuation Update With 7 Day Price Move • Jun 09
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥3,425, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 14x in the Semiconductor industry in Japan. Total returns to shareholders of 64% over the past year. Announcement • May 24
Shikino High-Tech CO.,LTD. (TSE:6614) announces an Equity Buyback for 10,000 shares, for ¥50 million. Shikino High-Tech CO.,LTD. (TSE:6614) announces a share repurchase program. Under the program, the company will repurchase up to 10,000 shares, representing 0.23% of its share capital, for ¥50 million. The shares will be repurchased at a price of ¥3,295 per share. The program is aimed at delivering restricted stock to the company's directors (excluding outside directors). The program will expire on May 23, 2023. As of March 31, 2023, the company had 4,423,932 shares in issue (excluding treasury stock) and 68 shares in treasury. Reported Earnings • May 14
Full year 2023 earnings released: EPS: JP¥108 (vs JP¥75.24 in FY 2022) Full year 2023 results: EPS: JP¥108 (up from JP¥75.24 in FY 2022). Revenue: JP¥6.48b (up 21% from FY 2022). Net income: JP¥477.0m (up 46% from FY 2022). Profit margin: 7.4% (up from 6.1% in FY 2022). The increase in margin was driven by higher revenue. Announcement • May 13
Shikino High-Tech CO.,LTD., Annual General Meeting, Jun 28, 2023 Shikino High-Tech CO.,LTD., Annual General Meeting, Jun 28, 2023. Valuation Update With 7 Day Price Move • May 12
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to JP¥3,070, the stock trades at a trailing P/E ratio of 26.4x. Average trailing P/E is 11x in the Semiconductor industry in Japan. Total returns to shareholders of 57% over the past year. Valuation Update With 7 Day Price Move • Apr 21
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥4,470, the stock trades at a trailing P/E ratio of 38.4x. Average trailing P/E is 11x in the Semiconductor industry in Japan. Total returns to shareholders of 129% over the past year. Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to JP¥4,290, the stock trades at a trailing P/E ratio of 36.9x. Average trailing P/E is 11x in the Semiconductor industry in Japan. Total returns to shareholders of 112% over the past year. Upcoming Dividend • Mar 23
Inaugural dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 27 June 2023. This is the first dividend for Shikino High-TechLTD since going public. The average dividend yield among industry peers is 2.2%. Valuation Update With 7 Day Price Move • Feb 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥3,515, the stock trades at a trailing P/E ratio of 30.2x. Average trailing P/E is 11x in the Semiconductor industry in Japan. Total returns to shareholders of 102% over the past year. Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: JP¥46.20 (vs JP¥21.51 in 3Q 2022) Third quarter 2023 results: EPS: JP¥46.20 (up from JP¥21.51 in 3Q 2022). Revenue: JP¥1.86b (up 40% from 3Q 2022). Net income: JP¥204.0m (up 117% from 3Q 2022). Profit margin: 11% (up from 7.1% in 3Q 2022). The increase in margin was driven by higher revenue. Announcement • Dec 04
Shikino High-Tech CO.,LTD. to Report Q3, 2023 Results on Feb 10, 2023 Shikino High-Tech CO.,LTD. announced that they will report Q3, 2023 results on Feb 10, 2023 Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment improved over the past week After last week's 32% share price gain to JP¥2,960, the stock trades at a trailing P/E ratio of 32.3x. Average trailing P/E is 10x in the Semiconductor industry in Japan. Total returns to shareholders of 12% over the past year. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 9 non-independent directors. Independent Outside Director Rentaro Takayasu 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 • Nov 13
Second quarter 2023 earnings released: EPS: JP¥29.45 (vs JP¥21.51 in 2Q 2022) Second quarter 2023 results: EPS: JP¥29.45 (up from JP¥21.51 in 2Q 2022). Revenue: JP¥1.58b (up 18% from 2Q 2022). Net income: JP¥130.0m (up 38% from 2Q 2022). Profit margin: 8.3% (up from 7.1% in 2Q 2022). The increase in margin was driven by higher revenue. Announcement • Sep 07
Shikino High-Tech CO.,LTD. to Report Q2, 2023 Results on Nov 11, 2022 Shikino High-Tech CO.,LTD. announced that they will report Q2, 2023 results on Nov 11, 2022 Announcement • Jul 03
Shikino High-Tech CO.,LTD. to Report Q1, 2023 Results on Aug 10, 2022 Shikino High-Tech CO.,LTD. announced that they will report Q1, 2023 results on Aug 10, 2022 Valuation Update With 7 Day Price Move • Jun 09
Investor sentiment improved over the past week After last week's 16% share price gain to JP¥2,140, the stock trades at a trailing P/E ratio of 28.9x. Average trailing P/E is 12x in the Semiconductor industry in Japan. Total loss to shareholders of 15% over the past year. Announcement • May 15
Shikino High-Tech CO.,LTD., Annual General Meeting, Jun 24, 2022 Shikino High-Tech CO.,LTD., Annual General Meeting, Jun 24, 2022. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 9 non-independent directors. Independent Outside Director Rentaro Takayasu 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. Announcement • Apr 08
Shikino High-Tech CO.,LTD. to Report Fiscal Year 2022 Results on May 13, 2022 Shikino High-Tech CO.,LTD. announced that they will report fiscal year 2022 results on May 13, 2022 Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment deteriorated over the past week After last week's 17% share price decline to JP¥1,505, the stock trades at a trailing P/E ratio of 28.6x. Average trailing P/E is 12x in the Semiconductor industry in Japan. 
