Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to JP¥19,760, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 21x in the Semiconductor industry in Japan. Total returns to shareholders of 195% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥9,593 per share. Valuation Update With 7 Day Price Move • May 20
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥15,595, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 21x in the Semiconductor industry in Japan. Total returns to shareholders of 202% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥9,246 per share. Announcement • May 16
Tokyo Seimitsu Co., Ltd. to Report Q1, 2027 Results on Aug 04, 2026 Tokyo Seimitsu Co., Ltd. announced that they will report Q1, 2027 results on Aug 04, 2026 Announcement • May 14
Tokyo Seimitsu Co., Ltd., Annual General Meeting, Jun 22, 2026 Tokyo Seimitsu Co., Ltd., Annual General Meeting, Jun 22, 2026. Reported Earnings • May 14
Full year 2026 earnings: EPS and revenues exceed analyst expectations Full year 2026 results: EPS: JP¥610 (down from JP¥634 in FY 2025). Revenue: JP¥166.8b (up 11% from FY 2025). Net income: JP¥24.7b (down 3.5% from FY 2025). Profit margin: 15% (down from 17% in FY 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Semiconductor industry in Japan. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 47% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 09
Tokyo Seimitsu Co., Ltd. to Report Q2, 2027 Results on Nov 04, 2026 Tokyo Seimitsu Co., Ltd. announced that they will report Q2, 2027 results on Nov 04, 2026 New Risk • Apr 08
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 9.4% 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. Announcement • Apr 04
Tokyo Seimitsu Co., Ltd. to Report Fiscal Year 2026 Results on May 13, 2026 Tokyo Seimitsu Co., Ltd. announced that they will report fiscal year 2026 results at 3:30 PM, Tokyo Standard Time on May 13, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥111 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 24 June 2026. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.0%). Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥14,335, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 20x in the Semiconductor industry in Japan. Total returns to shareholders of 210% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥9,742 per share. Price Target Changed • Feb 20
Price target increased by 12% to JP¥14,400 Up from JP¥12,886, the current price target is an average from 7 analysts. New target price is 15% below last closing price of JP¥16,850. Stock is up 85% over the past year. The company is forecast to post earnings per share of JP¥553 for next year compared to JP¥634 last year. Price Target Changed • Feb 18
Price target increased by 10% to JP¥13,543 Up from JP¥12,257, the current price target is an average from 7 analysts. New target price is 18% below last closing price of JP¥16,595. Stock is up 82% over the past year. The company is forecast to post earnings per share of JP¥556 for next year compared to JP¥634 last year. Valuation Update With 7 Day Price Move • Feb 13
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to JP¥16,715, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 23x in the Semiconductor industry in Japan. Total returns to shareholders of 285% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥9,942 per share. Reported Earnings • Feb 07
Third quarter 2026 earnings: EPS and revenues miss analyst expectations Third quarter 2026 results: EPS: JP¥112 (down from JP¥113 in 3Q 2025). Revenue: JP¥35.9b (up 13% from 3Q 2025). Net income: JP¥4.54b (flat on 3Q 2025). Profit margin: 13% (down from 14% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 4.7%. Earnings per share (EPS) also missed analyst estimates by 15%. Revenue is forecast to grow 7.8% 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 4% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Jan 06
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 9.9% to JP¥11,705. The fair value is estimated to be JP¥9,614, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 3.5%. For the next 3 years, revenue is forecast to grow by 7.6% per annum. Earnings are also forecast to grow by 13% per annum over the same time period. Declared Dividend • Dec 09
First half dividend of JP¥111 announced Shareholders will receive a dividend of JP¥111. Ex-date: 30th March 2026 Payment date: 24th June 2026 Dividend yield will be 2.0%, which is higher than the industry average of 1.0%. Sustainability & Growth Dividend is covered by both earnings (47% earnings payout ratio) and cash flows (70% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 45% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Dec 02
Tokyo Seimitsu Co., Ltd. to Report Q3, 2026 Results on Feb 06, 2026 Tokyo Seimitsu Co., Ltd. announced that they will report Q3, 2026 results on Feb 06, 2026 Price Target Changed • Nov 13
Price target increased by 8.3% to JP¥11,300 Up from JP¥10,436, the current price target is an average from 7 analysts. New target price is 5.9% above last closing price of JP¥10,670. Stock is up 38% over the past year. The company is forecast to post earnings per share of JP¥541 for next year compared to JP¥634 last year. Reported Earnings • Nov 06
Second quarter 2026 earnings: EPS exceeds analyst expectations Second quarter 2026 results: EPS: JP¥157 (down from JP¥247 in 2Q 2025). Revenue: JP¥46.2b (up 11% from 2Q 2025). Net income: JP¥6.38b (down 36% from 2Q 2025). Profit margin: 14% (down from 24% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 19%. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Semiconductor industry in Japan. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Oct 02
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 5.4% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.4% average weekly change). Upcoming Dividend • Sep 22
Upcoming dividend of JP¥107 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 09 December 2025. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.3%). Valuation Update With 7 Day Price Move • Sep 19
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥10,105, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 16x in the Semiconductor industry in Japan. Total returns to shareholders of 140% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥10,917 per share. Buy Or Sell Opportunity • Aug 06
Now 20% undervalued The stock has been flat over the last 90 days, currently trading at JP¥8,398. The fair value is estimated to be JP¥10,555, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 4.6%. For the next 3 years, revenue is forecast to grow by 7.6% per annum. Earnings are also forecast to grow by 8.7% per annum over the same time period. Reported Earnings • Aug 05
First quarter 2026 earnings: EPS and revenues miss analyst expectations First quarter 2026 results: EPS: JP¥79.76 (down from JP¥87.88 in 1Q 2025). Revenue: JP¥30.9b (up 4.2% from 1Q 2025). Net income: JP¥3.23b (down 9.1% from 1Q 2025). Profit margin: 11% (down from 12% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 15%. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Semiconductor industry in Japan. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 04
Tokyo Seimitsu Co., Ltd. Provides Consolidated Earnings Guidance for the Interim and Full Year of Fiscal Year Ending March 31, 2026 Tokyo Seimitsu Co., Ltd. provided consolidated earnings guidance for the interim and full year of fiscal year ending March 31, 2026. For the interim, the company expects net sales of JPY 78,500 million, operating profit of JPY 15,200 million and net profit attributable to owners of the parent of JPY 10,600 million or JPY 261.96 per share.
For the full year, the company expects net sales of JPY 159,000 million, operating profit of JPY 31,000 million and net profit attributable to owners of the parent of JPY 21,700 million or JPY 536.27 per share. Declared Dividend • Jul 09
Final dividend of JP¥107 announced Shareholders will receive a dividend of JP¥107. Ex-date: 29th September 2025 Payment date: 9th December 2025 Dividend yield will be 2.6%, which is higher than the industry average of 1.0%. Sustainability & Growth Dividend is well covered by both earnings (33% earnings payout ratio) and cash flows (47% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 26% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 27
Tokyo Seimitsu Co., Ltd. made an offer to acquire 51% stake of FourGlobe Inc. from for JPY 372.222 million. Tokyo Seimitsu Co., Ltd. made an offer to acquire 51% stake of FourGlobe Inc. from Hatano for JPY 372.222 million on June 25, 2025. 402,838 new shares will be issued. Tokyo Seimitsu will acquire 33,333 shares of Forglobe shares in cash and 62,037 shares in exchange for Tokyo Seimitsu shares. FourGlobe has 187,000 shares in issue. Shares will be issued at 1/0.15400 ratio in distribution. Currently Potluck Co., Ltd. holds 65.0%,Toru Moriuchi holds13.4% and Spinup LLC holds 5.94% stake in Tokyo Seimitsu. Transaction has been approved by Tokyo Seimitsu's board of directors. Transaction will be completed in July 17, 2025. Reported Earnings • Jun 25
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: JP¥634 (up from JP¥480 in FY 2024). Revenue: JP¥150.5b (up 12% from FY 2024). Net income: JP¥25.6b (up 32% from FY 2024). Profit margin: 17% (up from 14% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) also surpassed analyst estimates by 6.1%. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Semiconductor industry in Japan. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Jun 13
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.6% to JP¥8,093. The fair value is estimated to be JP¥10,495, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 3.6%. For the next 3 years, revenue is forecast to grow by 7.4% per annum. Earnings are also forecast to grow by 7.8% per annum over the same time period. Reported Earnings • May 10
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: JP¥634 (up from JP¥480 in FY 2024). Revenue: JP¥150.5b (up 12% from FY 2024). Net income: JP¥25.6b (up 32% from FY 2024). Profit margin: 17% (up from 14% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) also surpassed analyst estimates by 6.1%. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Semiconductor industry in Japan. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 09
Tokyo Seimitsu Co., Ltd., Annual General Meeting, Jun 23, 2025 Tokyo Seimitsu Co., Ltd., Annual General Meeting, Jun 23, 2025. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to JP¥6,338, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Semiconductor industry in Japan. Total returns to shareholders of 59% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥9,152 per share. Buy Or Sell Opportunity • Apr 01
Now 20% undervalued Over the last 90 days, the stock has risen 6.3% to JP¥7,823. The fair value is estimated to be JP¥9,806, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.6% over the last 3 years. Earnings per share has grown by 3.1%. For the next 3 years, revenue is forecast to grow by 6.9% per annum. Earnings are also forecast to grow by 4.5% per annum over the same time period. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥114 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 24 June 2025. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.8%). Buy Or Sell Opportunity • Feb 28
Now 22% undervalued Over the last 90 days, the stock has risen 12% to JP¥8,070. The fair value is estimated to be JP¥10,331, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.6% over the last 3 years. Earnings per share has grown by 3.1%. For the next 3 years, revenue is forecast to grow by 6.7% per annum. Earnings are also forecast to grow by 4.3% per annum over the same time period. Valuation Update With 7 Day Price Move • Feb 11
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to JP¥8,957, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 14x in the Semiconductor industry in Japan. Total returns to shareholders of 111% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥11,010 per share. Announcement • Feb 07
Tokyo Seimitsu Co., Ltd. to Report Fiscal Year 2025 Results on May 09, 2025 Tokyo Seimitsu Co., Ltd. announced that they will report fiscal year 2025 results on May 09, 2025 Reported Earnings • Feb 05
Third quarter 2025 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2025 results: EPS: JP¥113 (up from JP¥51.21 in 3Q 2024). Revenue: JP¥31.7b (up 25% from 3Q 2024). Net income: JP¥4.58b (up 121% from 3Q 2024). Profit margin: 14% (up from 8.2% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.7%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Semiconductor industry in Japan. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Dec 10
First half dividend of JP¥114 announced Shareholders will receive a dividend of JP¥114. Ex-date: 28th March 2025 Payment date: 24th June 2025 Dividend yield will be 3.1%, which is higher than the industry average of 1.0%. Sustainability & Growth Dividend is covered by both earnings (36% earnings payout ratio) and cash flows (64% cash payout ratio). The dividend has increased by an average of 28% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 31% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Dec 06
Tokyo Seimitsu Co., Ltd. to Report Q3, 2025 Results on Feb 04, 2025 Tokyo Seimitsu Co., Ltd. announced that they will report Q3, 2025 results on Feb 04, 2025 Reported Earnings • Nov 03
Second quarter 2025 earnings: EPS and revenues exceed analyst expectations Second quarter 2025 results: EPS: JP¥247 (up from JP¥132 in 2Q 2024). Revenue: JP¥41.8b (up 13% from 2Q 2024). Net income: JP¥10.00b (up 89% from 2Q 2024). Profit margin: 24% (up from 14% in 2Q 2024). Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) also surpassed analyst estimates by 68%. Revenue is forecast to grow 8.6% 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 3% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Sep 21
Price target decreased by 9.9% to JP¥9,907 Down from JP¥10,993, the current price target is an average from 7 analysts. New target price is 33% above last closing price of JP¥7,433. Stock is up 2.2% over the past year. The company is forecast to post earnings per share of JP¥573 for next year compared to JP¥480 last year. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥108 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 11 December 2024. Payout ratio is a comfortable 39% but the company is not cash flow positive. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.6%). Announcement • Sep 13
Tokyo Seimitsu Co., Ltd. to Report Q2, 2025 Results on Nov 01, 2024 Tokyo Seimitsu Co., Ltd. announced that they will report Q2, 2025 results on Nov 01, 2024 Valuation Update With 7 Day Price Move • Sep 06
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥6,980, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 15x in the Semiconductor industry in Japan. Total returns to shareholders of 51% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥13,437 per share. Valuation Update With 7 Day Price Move • Aug 15
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥8,175, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 14x 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¥13,379 per share. Price Target Changed • Aug 09
Price target decreased by 8.4% to JP¥11,593 Down from JP¥12,657, the current price target is an average from 7 analysts. New target price is 64% above last closing price of JP¥7,060. Stock is down 8.7% over the past year. The company is forecast to post earnings per share of JP¥577 for next year compared to JP¥480 last year. Reported Earnings • Aug 04
First quarter 2025 earnings: EPS and revenues miss analyst expectations First quarter 2025 results: EPS: JP¥87.88 (up from JP¥80.61 in 1Q 2024). Revenue: JP¥29.6b (up 11% from 1Q 2024). Net income: JP¥3.55b (up 9.5% from 1Q 2024). Profit margin: 12% (in line with 1Q 2024). Revenue missed analyst estimates by 3.0%. Earnings per share (EPS) also missed analyst estimates by 2.3%. Revenue is forecast to grow 9.5% 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 5% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jul 18
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥11,380, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 22x in the Semiconductor industry in Japan. Total returns to shareholders of 177% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥11,640 per share. Declared Dividend • Jul 18
Final dividend increased to JP¥95.00 Dividend of JP¥95.00 is 6.7% higher than last year. Ex-date: 27th September 2024 Payment date: 11th December 2024 Dividend yield will be 1.7%, which is higher than the industry average of 1.0%. Sustainability & Growth Dividend is covered by earnings (46% 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 25% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 46% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jun 28
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: JP¥480 (down from JP¥581 in FY 2023). Revenue: JP¥134.7b (down 8.3% from FY 2023). Net income: JP¥19.4b (down 18% from FY 2023). Profit margin: 14% (down from 16% in FY 2023). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 5.3%. Revenue is forecast to grow 9.3% 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 11% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jun 13
Tokyo Seimitsu Co., Ltd. to Report Q1, 2025 Results on Aug 02, 2024 Tokyo Seimitsu Co., Ltd. announced that they will report Q1, 2025 results on Aug 02, 2024 Buy Or Sell Opportunity • Jun 06
Now 23% overvalued Over the last 90 days, the stock has fallen 12% to JP¥10,800. The fair value is estimated to be JP¥8,808, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.6% over the last 3 years. Earnings per share has grown by 11%. For the next 3 years, revenue is forecast to grow by 9.4% per annum. Earnings are also forecast to grow by 14% per annum over the same time period. New Risk • May 27
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 Risk Share price has been highly volatile over the past 3 months (7.8% average weekly change). Minor Risk Paying a dividend despite having no free cash flows. Buy Or Sell Opportunity • May 16
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 12% to JP¥11,085. The fair value is estimated to be JP¥8,973, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.6% over the last 3 years. Earnings per share has grown by 11%. For the next 3 years, revenue is forecast to grow by 9.4% per annum. Earnings are also forecast to grow by 14% per annum over the same time period. Reported Earnings • May 12
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: JP¥480 (down from JP¥581 in FY 2023). Revenue: JP¥134.7b (down 8.3% from FY 2023). Net income: JP¥19.4b (down 18% from FY 2023). Profit margin: 14% (down from 16% in FY 2023). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 5.3%. Revenue is forecast to grow 9.6% 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 11% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 12
Tokyo Seimitsu Co., Ltd., Annual General Meeting, Jun 21, 2024 Tokyo Seimitsu Co., Ltd., Annual General Meeting, Jun 21, 2024. Buy Or Sell Opportunity • Mar 22
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 45% to JP¥12,135. The fair value is estimated to be JP¥9,942, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 20%. For the next 3 years, revenue is forecast to grow by 9.9% per annum. Earnings are also forecast to grow by 15% per annum over the same time period.