Valuation Update With 7 Day Price Move • May 19
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥35,920, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 22x in the Semiconductor industry in Japan. Total returns to shareholders of 71% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥17,763 per share. Live News • May 05
Lasertec Misses Earnings Forecast as EPS Drops 25.91% and Revenue Falls Short Lasertec reported an earnings miss for the quarter ended 30 April 2026, with EPS down 25.91% versus expectations.
Revenue for the quarter was below estimates by 9.51%.
The stock declined 3.16% after the announcement, indicating a negative initial reaction from the market.
For you as an investor, the key takeaway is that the latest quarter came in weaker than analysts had modeled on both earnings and revenue. A 25.91% drop in EPS against expectations and a 9.51% revenue shortfall suggest that either demand, pricing, costs, or a mix of these factors did not line up with prior forecasts. The 3.16% share price decline reflects that disappointment, but also shows the reaction was relatively contained rather than extreme.
At the same time, commentary around Lasertec highlights strong financial fundamentals, high profitability metrics and a solid balance sheet. That combination of an earnings miss alongside references to solid financial footing points to a situation where the market is reassessing near term performance rather than reacting to signs of balance sheet stress. If you follow the stock, it is worth separating shorter term execution questions from the longer term role Lasertec aims to play in its core markets, and watching how management addresses the gap between recent results and prior expectations in upcoming updates or guidance commentary. Reported Earnings • May 01
Third quarter 2026 earnings: EPS and revenues miss analyst expectations Third quarter 2026 results: EPS: JP¥124 (up from JP¥104 in 3Q 2025). Revenue: JP¥41.3b (up 3.5% from 3Q 2025). Net income: JP¥11.1b (up 18% from 3Q 2025). Profit margin: 27% (up from 24% in 3Q 2025). Revenue missed analyst estimates by 10%. Earnings per share (EPS) also missed analyst estimates by 30%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Semiconductor 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 33% per year. Valuation Update With 7 Day Price Move • Apr 10
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥41,560, the stock trades at a forward P/E ratio of 45x. Average forward P/E is 21x in the Semiconductor industry in Japan. Total returns to shareholders of 97% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥18,547 per share. Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to JP¥37,740, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 19x in the Semiconductor industry in Japan. Total returns to shareholders of 82% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥18,450 per share. Announcement • Mar 13
Lasertec Corporation to Report Q3, 2026 Results on Apr 30, 2026 Lasertec Corporation announced that they will report Q3, 2026 results on Apr 30, 2026 Declared Dividend • Mar 13
First half dividend of JP¥197 announced Shareholders will receive a dividend of JP¥197. Ex-date: 29th June 2026 Payment date: 29th September 2026 Dividend yield will be 0.9%, which is lower than the industry average of 1.0%. Payout Ratios Payout ratio: 22%. Cash payout ratio: 31%. Price Target Changed • Mar 10
Price target increased by 14% to JP¥35,567 Up from JP¥31,313, the current price target is an average from 15 analysts. New target price is approximately in line with last closing price of JP¥34,680. Stock is up 129% over the past year. The company is forecast to post earnings per share of JP¥845 for next year compared to JP¥939 last year. Valuation Update With 7 Day Price Move • Feb 06
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥30,060, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 20x in the Semiconductor industry in Japan. Total returns to shareholders of 37% over the past three years. Price Target Changed • Jan 31
Price target increased by 7.2% to JP¥29,773 Up from JP¥27,773, the current price target is an average from 16 analysts. New target price is 18% below last closing price of JP¥36,390. Stock is up 135% over the past year. The company is forecast to post earnings per share of JP¥832 for next year compared to JP¥939 last year. Reported Earnings • Jan 31
Second quarter 2026 earnings: EPS and revenues exceed analyst expectations Second quarter 2026 results: EPS: JP¥297 (down from JP¥381 in 2Q 2025). Revenue: JP¥74.1b (down 20% from 2Q 2025). Net income: JP¥26.7b (down 22% from 2Q 2025). Profit margin: 36% (down from 37% in 2Q 2025). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 17%. Earnings per share (EPS) also surpassed analyst estimates by 35%. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Semiconductor industry in Japan. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jan 15
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥35,900, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 19x in the Semiconductor industry in Japan. Total returns to shareholders of 46% over the past three years. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥132 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 09 March 2026. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (1.2%). Announcement • Dec 12
Lasertec Corporation to Report Q2, 2026 Results on Jan 30, 2026 Lasertec Corporation announced that they will report Q2, 2026 results on Jan 30, 2026 Valuation Update With 7 Day Price Move • Dec 04
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥32,200, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 17x in the Semiconductor industry in Japan. Total returns to shareholders of 29% over the past three years. Reported Earnings • Nov 01
First quarter 2026 earnings: EPS and revenues exceed analyst expectations First quarter 2026 results: EPS: JP¥211 (up from JP¥99.02 in 1Q 2025). Revenue: JP¥54.2b (up 48% from 1Q 2025). Net income: JP¥19.1b (up 113% from 1Q 2025). Profit margin: 35% (up from 24% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 16%. Earnings per share (EPS) also surpassed analyst estimates by 32%. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Semiconductor industry in Japan. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Announcement • Nov 01
Lasertec Corporation Provides Consolidated Earnings Guidance for the Year Ending June 30, 2026 Lasertec Corporation provided consolidated earnings guidance for the year ending June 30, 2026. For the year, the company expects net sales of JPY 200,000 million; operating income of JPY 85,000 million; Net income attributable to owners of parents of 60,000 million and net income per share of JPY 665.75. Valuation Update With 7 Day Price Move • Oct 30
Investor sentiment improves as stock rises 37% After last week's 37% share price gain to JP¥28,575, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 18x in the Semiconductor industry in Japan. Total returns to shareholders of 39% over the past three years. Declared Dividend • Oct 05
Final dividend increased to JP¥132 Dividend of JP¥132 is 15% higher than last year. Ex-date: 29th December 2025 Payment date: 9th March 2026 Dividend yield will be 1.7%, which is higher than the industry average of 1.0%. Sustainability & Growth Dividend is well covered by both earnings (35% earnings payout ratio) and cash flows (39% cash payout ratio). The dividend has increased by an average of 44% 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 10% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Sep 22
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to JP¥21,210, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 17x in the Semiconductor industry in Japan. Total returns to shareholders of 32% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥12,583 per share. Buy Or Sell Opportunity • Sep 05
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 7.6% to JP¥15,625. The fair value is estimated to be JP¥12,510, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Earnings per share has grown by 37%. For the next 3 years, revenue is forecast to grow by 3.8% per annum. Earnings are also forecast to grow by 2.2% per annum over the same time period. Valuation Update With 7 Day Price Move • Aug 15
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to JP¥17,390, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 14x in the Semiconductor industry in Japan. Total loss to shareholders of 13% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥13,378 per share. Buy Or Sell Opportunity • Aug 14
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 8.4% to JP¥16,070. The fair value is estimated to be JP¥13,371, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Earnings per share has grown by 37%. For the next 3 years, revenue is forecast to grow by 4.8% per annum. Earnings are also forecast to grow by 3.2% per annum over the same time period. Reported Earnings • Aug 08
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: JP¥939 (up from JP¥655 in FY 2024). Revenue: JP¥251.5b (up 18% from FY 2024). Net income: JP¥84.7b (up 43% from FY 2024). Profit margin: 34% (up from 28% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.7%. Earnings per share (EPS) also surpassed analyst estimates by 9.0%. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Semiconductor 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 fallen by 12% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Jul 30
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 13% to JP¥14,965. The fair value is estimated to be JP¥12,401, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 36% over the last 3 years. Earnings per share has grown by 40%. For the next 3 years, revenue is forecast to grow by 6.7% per annum. Earnings are also forecast to grow by 6.5% per annum over the same time period. New Risk • Jun 24
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 9.5% 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Jun 24
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥18,255, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 13x in the Semiconductor industry in Japan. Total returns to shareholders of 10% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥12,173 per share. Upcoming Dividend • Jun 20
Upcoming dividend of JP¥173 per share Eligible shareholders must have bought the stock before 27 June 2025. Payment date: 29 September 2025. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (4.0%). In line with average of industry peers (1.7%). Price Target Changed • Jun 06
Price target decreased by 8.6% to JP¥17,986 Down from JP¥19,671, the current price target is an average from 14 analysts. New target price is 24% above last closing price of JP¥14,505. Stock is down 60% over the past year. The company is forecast to post earnings per share of JP¥859 for next year compared to JP¥655 last year. Valuation Update With 7 Day Price Move • May 14
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥15,630, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 14x in the Semiconductor industry in Japan. Total loss to shareholders of 10% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥11,853 per share. Buy Or Sell Opportunity • May 12
Now 24% overvalued Over the last 90 days, the stock has fallen 3.1% to JP¥14,775. The fair value is estimated to be JP¥11,885, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 36% over the last 3 years. Earnings per share has grown by 40%. For the next 3 years, revenue is forecast to grow by 8.8% per annum. Earnings are also forecast to grow by 7.7% per annum over the same time period. Reported Earnings • Apr 29
Third quarter 2025 earnings: EPS and revenues miss analyst expectations Third quarter 2025 results: EPS: JP¥104 (down from JP¥214 in 3Q 2024). Revenue: JP¥39.9b (down 36% from 3Q 2024). Net income: JP¥9.38b (down 52% from 3Q 2024). Profit margin: 24% (down from 31% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 31%. Earnings per share (EPS) also missed analyst estimates by 47%. Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Semiconductor industry in Japan. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥10,630, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 12x in the Semiconductor industry in Japan. Total loss to shareholders of 40% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥12,624 per share. Announcement • Mar 26
Lasertec Corporation Appoints Hiroki Miyai as Executive Officer, Effective April 1, 2025 Lasertec Corporation announced the appointment of Hiroki Miyai as Executive Officer concurrently, General Manager, Technology Department 5, previously he was General Manager,Technology Department 5, Effective April 1, 2025. Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥15,100, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 15x in the Semiconductor industry in Japan. Total loss to shareholders of 9.6% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥13,517 per share. Declared Dividend • Mar 08
First half dividend of JP¥173 announced Shareholders will receive a dividend of JP¥173. Ex-date: 27th June 2025 Payment date: 29th September 2025 Dividend yield will be 2.1%, which is higher than the industry average of 1.0%. Sustainability & Growth Dividend is covered by earnings (31% earnings payout ratio) but not covered by cash flows (153% cash payout ratio). The dividend has increased by an average of 42% 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 16% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 01
Second quarter 2025 earnings: EPS and revenues exceed analyst expectations Second quarter 2025 results: EPS: JP¥381 (up from JP¥161 in 2Q 2024). Revenue: JP¥92.2b (up 93% from 2Q 2024). Net income: JP¥34.4b (up 137% from 2Q 2024). Profit margin: 37% (up from 30% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 29%. Earnings per share (EPS) also surpassed analyst estimates by 47%. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Semiconductor industry in Japan. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Announcement • Jan 03
Lasertec Corporation to Report Q2, 2025 Results on Jan 31, 2025 Lasertec Corporation announced that they will report Q2, 2025 results on Jan 31, 2025 Upcoming Dividend • Dec 20
Upcoming dividend of JP¥115 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 06 March 2025. Payout ratio is a comfortable 34% but the company is paying out more than the cash it is generating. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.7%). Buy Or Sell Opportunity • Dec 11
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 32% to JP¥15,590. The fair value is estimated to be JP¥19,561, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 42% over the last 3 years. Earnings per share has grown by 44%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 14% per annum over the same time period. Price Target Changed • Nov 09
Price target decreased by 7.3% to JP¥28,731 Down from JP¥30,998, the current price target is an average from 15 analysts. New target price is 43% above last closing price of JP¥20,050. Stock is down 31% over the past year. The company is forecast to post earnings per share of JP¥864 for next year compared to JP¥655 last year. Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥19,840, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 16x in the Semiconductor industry in Japan. Total loss to shareholders of 26% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥18,493 per share. Reported Earnings • Nov 02
First quarter 2025 earnings: EPS and revenues miss analyst expectations First quarter 2025 results: EPS: JP¥99.02 (up from JP¥85.40 in 1Q 2024). Revenue: JP¥36.7b (down 22% from 1Q 2024). Net income: JP¥8.93b (up 16% from 1Q 2024). Profit margin: 24% (up from 16% in 1Q 2024). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 37%. Earnings per share (EPS) also missed analyst estimates by 42%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Semiconductor industry in Japan. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Oct 30
Now 25% overvalued Over the last 90 days, the stock has fallen 7.9% to JP¥23,340. The fair value is estimated to be JP¥18,718, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 44% over the last 3 years. Earnings per share has grown by 46%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 16% per annum over the same time period. Valuation Update With 7 Day Price Move • Oct 22
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥21,350, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 15x in the Semiconductor industry in Japan. Total loss to shareholders of 13% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥18,684 per share. Declared Dividend • Oct 10
Final dividend of JP¥115 announced Shareholders will receive a dividend of JP¥115. Ex-date: 27th December 2024 Payment date: 6th March 2025 Dividend yield will be 1.1%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (35% earnings payout ratio) and cash flows (87% cash payout ratio). The dividend has increased by an average of 61% 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 55% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Oct 03
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: JP¥655 (up from JP¥512 in FY 2023). Revenue: JP¥213.5b (up 40% from FY 2023). Net income: JP¥59.1b (up 28% from FY 2023). Profit margin: 28% (down from 30% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.4%. Earnings per share (EPS) also surpassed analyst estimates by 6.8%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Semiconductor industry in Japan. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Board Change • Oct 01
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Outside Director Takashi Yuri was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Sep 24
Lasertec Releases SICA108, SiC Wafer Inspection and Review System Lasertec Corporation announced the release of SICA108, the latest model of its SiC wafer inspection and review systems. Featuring both surface and photoluminescence (PL) inspection capabilities in one body, SICA108 enables customers to concurrently perform high-speed inspection and high-accuracy classification of surface defects as well as crystallographic defects. SiC power devices are used in a variety of applications, including electric vehicles, air conditioners, solar cells, and railway cars, and facilitate the realization of a carbon-neutral society. However, SiC wafer production processes are technically demanding, and there are still many defects that impact device yields. It therefore remains a challenge to manufacture high-quality SiC wafers stably at a lower cost. Lasertec has released SICA108 to help overcome this challenge. Renewing the inspection optics from SICA88, the current de facto standard tool widely used among many customers, SICA108 provides higher throughput and improved performance in quality analysis of SiC wafers with a lower cost of ownership. Like its predecessor, SICA108 performs surface inspection for detecting scratches, crystal defects, and particles on the wafer surface and PL inspection for detecting basal plane dislocations (BPD) inside Epi layers and stacking faults (SF), concurrently and with high sensitivity. It also features a high-accuracy defect classification capability based on proprietary deep learning algorithm to enable the early detection and analysis of killer defects. It is also compatible with various automation systems used in smart fabs, such as automatic guided vehicles (AGV) and overhead hoist transports (OHT). Lasertec will continue to pursue the development of defect inspection technologies to address customer needs and contribute to the improvement of power device quality and productivity. Features: Concurrent inspection of surface defects and BPD/SF at high speed and with high sensitivity. Detailed classification of various defect types using high-accuracy Automatic Defect Classification (ADC) and high-resolution review images. Compatible with various automation systems, including AGV and OHT. Applications: Incoming and outgoing inspection of SiC bare wafers and SiC Epi wafers. Monitoring of SiC epitaxial growth processes. Monitoring of SiC polishing processes. Management of SiC device manufacturing processes. Valuation Update With 7 Day Price Move • Sep 05
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥23,735, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 15x in the Semiconductor industry in Japan. Total loss to shareholders of 13% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥11,023 per share. Reported Earnings • Aug 08
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: JP¥655 (up from JP¥512 in FY 2023). Revenue: JP¥213.5b (up 40% from FY 2023). Net income: JP¥59.1b (up 28% from FY 2023). Profit margin: 28% (down from 30% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.4%. Earnings per share (EPS) also surpassed analyst estimates by 8.0%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Semiconductor industry in Japan. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 26% After last week's 26% share price decline to JP¥19,375, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 17x in the Semiconductor industry in Japan. Total loss to shareholders of 8.8% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥12,162 per share. Upcoming Dividend • Jun 20
Upcoming dividend of JP¥118 per share Eligible shareholders must have bought the stock before 27 June 2024. Payment date: 28 September 2024. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (1.1%). Valuation Update With 7 Day Price Move • Jun 06
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥34,520, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 21x in the Semiconductor industry in Japan. Total returns to shareholders of 71% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥14,677 per share. New Risk • May 29
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 7.8% 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 Risks Share price has been highly volatile over the past 3 months (7.8% average weekly change). High level of non-cash earnings (46% accrual ratio). Valuation Update With 7 Day Price Move • May 07
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to JP¥42,390, the stock trades at a forward P/E ratio of 50x. Average forward P/E is 21x in the Semiconductor industry in Japan. Total returns to shareholders of 142% over the past three years. Announcement • May 03
Lasertec Corporation Announces Chief Executive Officer Changes, as of July 1, 2024 Lasertec Corporation announced that it has resolved at the board of directors meeting held on April 30, 2024 to make changes in its representative directors and executive officers as follows (as of July 1, 2024): Osamu Okabayashi: Previous position: Representative Director, President & Chief Executive Officer; New position: Representative Director, Chairman & Executive Officer. Tetsuya Sendoda: Previous position: Director, Vice President & Executive Officer concurrently, Chief Sales Officer; New position: Chief Executive Officer. Resume of New Representative Director: Tetsuya Sendoda (April 26, 1977); Career Summary: Jan. 2008, Joined Lasertec Corporation; June 2020, General Manager, Technology Department 2; July 2022, Sales Officer; General Manager, Technology Department 2; and General Manager, Solution Sales Department 1; Sept. 2022 Executive Officer; Sales Officer; General Manager, Technology Department 2; and General Manager, Solution Sales Department 1; April 2023 Executive Officer; Sales Officer; and General Manager, Solution Sales Department 1; Sept. 2023 Director, Vice President & Executive Officer (current); and Chief Sales Officer (current). Reported Earnings • May 01
Third quarter 2024 earnings: EPS and revenues exceed analyst expectations Third quarter 2024 results: EPS: JP¥214 (up from JP¥79.11 in 3Q 2023). Revenue: JP¥62.2b (up 156% from 3Q 2023). Net income: JP¥19.3b (up 171% from 3Q 2023). Profit margin: 31% (up from 29% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 30%. Earnings per share (EPS) also surpassed analyst estimates by 62%. Revenue is forecast to grow 17% p.a. on average during the next 3 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 47% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 19
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to JP¥34,350, the stock trades at a forward P/E ratio of 46x. Average forward P/E is 21x in the Semiconductor industry in Japan. Total returns to shareholders of 79% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥15,037 per share. Announcement • Feb 11
Lasertec Corporation to Report Q3, 2024 Results on Apr 30, 2024 Lasertec Corporation announced that they will report Q3, 2024 results on Apr 30, 2024