Announcement • May 09
Hibino Corporation to Report Fiscal Year 2026 Results on May 14, 2026 Hibino Corporation announced that they will report fiscal year 2026 results on May 14, 2026 Announcement • Apr 30
Hibino Corporation (TSE:2469) agreed to acquire an unknown minority stake in Sonora Technology Co., Ltd. from WM Growth No. 4 Investment Limited Partnership fund managed by WM PARTNERS Co., Ltd. Hibino Corporation (TSE:2469) agreed to acquire an unknown minority stake in Sonora Technology Co., Ltd. from WM Growth No. 4 Investment Limited Partnership fund managed by WM PARTNERS Co., Ltd. on April 28, 2026.
The expected completion of the transaction is May 29, 2026. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 26 June 2026. Payout ratio is a comfortable 24% 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 (1.6%). Announcement • Feb 26
Hibino Corporation (TSE:2469) entered into a share transfer agreement to acquire Ascent Co., Ltd. from Kenji Kigoshi for ¥500 million. Hibino Corporation (TSE:2469) entered into a share transfer agreement to acquire Ascent Co., Ltd. from Kenji Kigoshi for ¥500 million on February 25, 2026. A cash consideration of ¥500 million will be paid by Hibino Corporation. As part of consideration, ¥500 million is paid towards common equity of Ascent Co., Ltd.
For the period ending May 31, 2025, Ascent Co., Ltd. reported total revenue of ¥2.36 billion, EBIT of ¥119 million and net income of ¥70 million. As of May 31, 2025, Ascent Co., Ltd. reported total assets of ¥1.6 billion and total common equity of ¥224 million.
The expected completion of the transaction is April 1, 2026. Reported Earnings • Feb 10
Third quarter 2026 earnings released: EPS: JP¥128 (vs JP¥63.52 in 3Q 2025) Third quarter 2026 results: EPS: JP¥128 (up from JP¥63.52 in 3Q 2025). Revenue: JP¥17.3b (up 19% from 3Q 2025). Net income: JP¥1.27b (up 101% from 3Q 2025). Profit margin: 7.3% (up from 4.3% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 12
Second quarter 2026 earnings released: EPS: JP¥82.76 (vs JP¥61.22 in 2Q 2025) Second quarter 2026 results: EPS: JP¥82.76 (up from JP¥61.22 in 2Q 2025). Revenue: JP¥17.5b (up 15% from 2Q 2025). Net income: JP¥821.0m (up 35% from 2Q 2025). Profit margin: 4.7% (up from 4.0% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
Hibino Corporation to Report Q2, 2026 Results on Nov 10, 2025 Hibino Corporation announced that they will report Q2, 2026 results on Nov 10, 2025 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 10 December 2025. Payout ratio is a comfortable 29% but the company is paying out more than the cash it is generating. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%). Reported Earnings • Aug 09
First quarter 2026 earnings released: EPS: JP¥50.74 (vs JP¥17.33 in 1Q 2025) First quarter 2026 results: EPS: JP¥50.74 (up from JP¥17.33 in 1Q 2025). Revenue: JP¥13.9b (up 19% from 1Q 2025). Net income: JP¥504.0m (up 193% from 1Q 2025). Profit margin: 3.6% (up from 1.5% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Announcement • Jul 18
Hibino Corporation to Report Q1, 2026 Results on Aug 08, 2025 Hibino Corporation announced that they will report Q1, 2026 results on Aug 08, 2025 Reported Earnings • Jun 29
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: JP¥173 (up from JP¥164 in FY 2024). Revenue: JP¥59.5b (up 18% from FY 2024). Net income: JP¥1.72b (up 5.8% from FY 2024). Profit margin: 2.9% (down from 3.2% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 22%. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Electronic 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 19% per year, which means it is significantly lagging earnings growth. Announcement • May 25
Hibino Corporation (TSE:2469) announces an Equity Buyback for 50,000 shares, representing 0.5% for ¥110 million. Hibino Corporation (TSE:2469) announces a share repurchase program. Under the program, the company will repurchase 50,000 shares, representing 0.5% of the outstanding shares for ¥110 million. The purpose of the program is to strengthen shareholder returns and improve capital efficiency, while also implementing flexible capital policies in response to the business environment. The program will run until September 30, 2025. As of May 23, 2025, the company had 9,934,272 shares outstanding and 331,208 shares in treasury. Major Estimate Revision • May 23
Consensus EPS estimates fall by 21% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from JP¥317 to JP¥252. Revenue forecast unchanged from JP¥67.0b at last update. Net income forecast to grow 45% next year vs 10% growth forecast for Electronic industry in Japan. Consensus price target down from JP¥4,000 to JP¥3,700. Share price was steady at JP¥2,188 over the past week. Price Target Changed • May 23
Price target decreased by 7.5% to JP¥3,700 Down from JP¥4,000, the current price target is provided by 1 analyst. New target price is 69% above last closing price of JP¥2,188. Stock is down 3.4% over the past year. The company is forecast to post earnings per share of JP¥252 for next year compared to JP¥173 last year. Reported Earnings • May 19
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: JP¥173 (up from JP¥164 in FY 2024). Revenue: JP¥59.5b (up 18% from FY 2024). Net income: JP¥1.72b (up 5.8% from FY 2024). Profit margin: 2.9% (down from 3.2% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 22%. Revenue is forecast to grow 9.5% p.a. on average during the next 2 years, compared to a 6.2% growth forecast for the Electronic 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 14% per year, which means it is significantly lagging earnings growth. Announcement • May 14
Hibino Corporation, Annual General Meeting, Jun 25, 2025 Hibino Corporation, Annual General Meeting, Jun 25, 2025. Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥2,247, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 11x in the Electronic industry in Japan. Total returns to shareholders of 50% 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¥2,255, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 11x in the Electronic industry in Japan. Total returns to shareholders of 50% over the past three years. Announcement • Mar 26
Hibino Corporation to Report Fiscal Year 2025 Results on May 14, 2025 Hibino Corporation announced that they will report fiscal year 2025 results on May 14, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 27 June 2025. Payout ratio is a comfortable 14% but the company is paying out more than the cash it is generating. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.7%). Announcement • Feb 28
Hibino Corporation (TSE:2469) agreed to acquire 75% stake in Spectrum Audio Visual Pte Ltd. from Chua Hua Kiang for SGD 5.53 million. Hibino Corporation (TSE:2469) agreed to acquire 75% stake in Spectrum Audio Visual Pte Ltd. from Chua Hua Kiang for SGD 5.53 million on February 26, 2025. A cash consideration of SGD 5.53 million will be paid by Hibino Corporation. As part of consideration, SGD 5.53 million is paid towards common equity of Spectrum Audio Visual Pte Ltd. For the year ending December 31, 2024, Spectrum Audio Visual Pte Ltd. reported total revenue of SGD 26.54 million, total assets of SGD 195.34 million, Net income of SGD 1.37 million and total common equity of SGD 6.44 million. The expected completion of the transaction is April 1, 2025. Major Estimate Revision • Feb 17
Consensus EPS estimates fall by 15% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from JP¥262 to JP¥222. Revenue forecast unchanged from JP¥60.0b at last update. Net income forecast to grow 41% next year vs 11% growth forecast for Electronic industry in Japan. Consensus price target of JP¥4,000 unchanged from last update. Share price fell 4.1% to JP¥2,841 over the past week. Reported Earnings • Feb 12
Third quarter 2025 earnings released: EPS: JP¥63.52 (vs JP¥64.40 in 3Q 2024) Third quarter 2025 results: EPS: JP¥63.52 (down from JP¥64.40 in 3Q 2024). Revenue: JP¥14.5b (up 11% from 3Q 2024). Net income: JP¥631.0m (down 1.3% from 3Q 2024). Profit margin: 4.3% (down from 4.9% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jan 29
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥3,130, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Electronic industry in Japan. Total returns to shareholders of 110% over the past three years. Announcement • Jan 19
Hibino Corporation to Report Q3, 2025 Results on Feb 10, 2025 Hibino Corporation announced that they will report Q3, 2025 results on Feb 10, 2025 Reported Earnings • Nov 10
Second quarter 2025 earnings released: EPS: JP¥61.22 (vs JP¥43.44 in 2Q 2024) Second quarter 2025 results: EPS: JP¥61.22 (up from JP¥43.44 in 2Q 2024). Revenue: JP¥15.2b (up 29% from 2Q 2024). Net income: JP¥608.0m (up 41% from 2Q 2024). Profit margin: 4.0% (up from 3.6% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. New Risk • Nov 06
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 High level of debt (111% net debt to equity). 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 (7.0% average weekly change). Announcement • Oct 06
Hibino Corporation to Report Q2, 2025 Results on Nov 08, 2024 Hibino Corporation announced that they will report Q2, 2025 results on Nov 08, 2024 Upcoming Dividend • Sep 20
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 09 December 2024. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.5%). New Risk • Sep 17
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. This is currently the only risk that has been identified for the company. Major Estimate Revision • Aug 17
Consensus EPS estimates increase by 33% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from JP¥57.0b to JP¥60.0b. EPS estimate increased from JP¥197 to JP¥262 per share. Net income forecast to grow 60% next year vs 10% growth forecast for Electronic industry in Japan. Consensus price target up from JP¥3,600 to JP¥4,000. Share price rose 15% to JP¥2,870 over the past week. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to JP¥2,053, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 12x in the Electronic industry in Japan. Total returns to shareholders of 62% over the past three years. Announcement • Jun 29
Hibino Corporation to Report Q1, 2025 Results on Aug 07, 2024 Hibino Corporation announced that they will report Q1, 2025 results on Aug 07, 2024 Reported Earnings • May 16
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: JP¥164 (up from JP¥61.32 in FY 2023). Revenue: JP¥50.5b (up 20% from FY 2023). Net income: JP¥1.63b (up 168% from FY 2023). Profit margin: 3.2% (up from 1.4% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) also surpassed analyst estimates by 25%. Revenue is forecast to grow 7.8% p.a. on average during the next 2 years, compared to a 7.1% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Announcement • Apr 03
Hibino Corporation to Report Fiscal Year 2024 Results on May 13, 2024 Hibino Corporation announced that they will report fiscal year 2024 results on May 13, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 24 June 2024. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Japanese dividend payers (3.2%). In line with average of industry peers (1.4%). Reported Earnings • Feb 08
Third quarter 2024 earnings released: EPS: JP¥64.39 (vs JP¥24.25 in 3Q 2023) Third quarter 2024 results: EPS: JP¥64.39 (up from JP¥24.25 in 3Q 2023). Revenue: JP¥13.1b (up 26% from 3Q 2023). Net income: JP¥639.0m (up 166% from 3Q 2023). Profit margin: 4.9% (up from 2.3% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Announcement • Feb 01
Hibino Corporation to Report Q3, 2024 Results on Feb 05, 2024 Hibino Corporation announced that they will report Q3, 2024 results on Feb 05, 2024 Buying Opportunity • Jan 16
Now 21% undervalued Over the last 90 days, the stock is up 55%. The fair value is estimated to be JP¥2,881, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 16% in 2 years. Earnings is forecast to grow by 50% in the next 2 years. Valuation Update With 7 Day Price Move • Dec 20
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to JP¥2,244, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 13x in the Electronic industry in Japan. Total returns to shareholders of 94% over the past three years. Reported Earnings • Nov 07
Second quarter 2024 earnings released: EPS: JP¥43.43 (vs JP¥2.83 loss in 2Q 2023) Second quarter 2024 results: EPS: JP¥43.43 (up from JP¥2.83 loss in 2Q 2023). Revenue: JP¥11.8b (up 26% from 2Q 2023). Net income: JP¥431.0m (up JP¥459.0m from 2Q 2023). Profit margin: 3.6% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 85% 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 • Nov 07
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥1,679, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 13x in the Electronic industry in Japan. Total returns to shareholders of 41% over the past three years. New Risk • Oct 18
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥14.9b (US$99.5m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (1.8% net profit margin). Market cap is less than US$100m (JP¥14.9b market cap, or US$99.5m). Announcement • Sep 28
Hibino Corporation to Report Q2, 2024 Results on Nov 06, 2023 Hibino Corporation announced that they will report Q2, 2024 results on Nov 06, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of JP¥15.00 per share at 1.7% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 11 December 2023. Payout ratio is a comfortable 39% but the company is not cash flow positive. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.4%). Major Estimate Revision • Aug 15
Consensus EPS estimates increase by 69% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from JP¥80.60 to JP¥136. Revenue forecast unchanged at JP¥47.0b. Net income forecast to grow 85% next year vs 6.4% growth forecast for Electronic industry in Japan. Consensus price target of JP¥2,000 unchanged from last update. Share price fell 4.2% to JP¥1,695 over the past week. Reported Earnings • Aug 08
First quarter 2024 earnings released: JP¥10.38 loss per share (vs JP¥27.01 loss in 1Q 2023) First quarter 2024 results: JP¥10.38 loss per share (improved from JP¥27.01 loss in 1Q 2023). Revenue: JP¥9.27b (up 13% from 1Q 2023). Net loss: JP¥103.0m (loss narrowed 61% from 1Q 2023). Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Aug 08
Now 22% undervalued Over the last 90 days, the stock is up 26%. The fair value is estimated to be JP¥2,282, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.9% over the last 3 years. Earnings per share has grown by 45%. For the next 3 years, revenue is forecast to grow by 7.3% per annum. Earnings is also forecast to grow by 30% per annum over the same time period. Announcement • Jul 12
Hibino Corporation to Report Q1, 2024 Results on Aug 07, 2023 Hibino Corporation announced that they will report Q1, 2024 results on Aug 07, 2023 New Risk • Jul 06
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 5.3% 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (28% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (5.3% average weekly change). Profit margins are more than 30% lower than last year (1.4% net profit margin). Price Target Changed • Jun 07
Price target increased by 33% to JP¥2,000 Up from JP¥1,500, the current price target is provided by 1 analyst. New target price is 12% above last closing price of JP¥1,781. Stock is up 23% over the past year. The company is forecast to post earnings per share of JP¥80.60 for next year compared to JP¥61.32 last year. Valuation Update With 7 Day Price Move • Jun 05
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥1,716, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 12x in the Electronic industry in Japan. Total returns to shareholders of 25% over the past three years. Reported Earnings • May 16
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: JP¥61.32 (down from JP¥109 in FY 2022). Revenue: JP¥41.9b (down 1.2% from FY 2022). Net income: JP¥607.0m (down 44% from FY 2022). Profit margin: 1.4% (down from 2.5% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 13%. Revenue is forecast to grow 6.8% p.a. on average during the next 2 years, compared to a 6.4% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥15.00 per share at 2.1% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 23 June 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%). Reported Earnings • Feb 09
Third quarter 2023 earnings released: EPS: JP¥24.24 (vs JP¥0.10 in 3Q 2022) Third quarter 2023 results: EPS: JP¥24.24 (up from JP¥0.10 in 3Q 2022). Revenue: JP¥10.3b (up 12% from 3Q 2022). Net income: JP¥240.0m (up JP¥239.0m from 3Q 2022). Profit margin: 2.3% (up from 0% in 3Q 2022). Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Buying Opportunity • Jan 16
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 6.7%. The fair value is estimated to be JP¥1,677, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Announcement • Dec 30
Hibino Corporation to Report Q3, 2023 Results on Feb 06, 2023 Hibino Corporation announced that they will report Q3, 2023 results on Feb 06, 2023 Announcement • Dec 02
Hibino Corporation announced that it has received ¥48.475 million in funding On December 1, 2022, Hibino Corporation closed the transaction. Board Change • Nov 16
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, none were independent directors. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent External Director Takenari Shimizu was the last independent director to join the board, commencing their role in 2015. 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 • Nov 09
Hibino Corporation (TSE:2469) agreed to acquire 80% stake in Cerevo Inc. from Keisuke Onuma. Hibino Corporation (TSE:2469) agreed to acquire 80% stake in Cerevo Inc. from Keisuke Onuma on November 7, 2022. Hibino will acquire 150,574 shares in Cerevo. The board of Hibino has resolved the deal on November 7, 2022. The transaction is expected to complete on December 1, 2022. Reported Earnings • Nov 09
Second quarter 2023 earnings released: JP¥2.83 loss per share (vs JP¥180 profit in 2Q 2022) Second quarter 2023 results: JP¥2.83 loss per share (down from JP¥180 profit in 2Q 2022). Revenue: JP¥9.38b (down 33% from 2Q 2022). Net loss: JP¥28.0m (down 102% from profit in 2Q 2022). Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Announcement • Nov 08
Hibino Corporation announced that it expects to receive ¥48.475 million in funding Hibino Corporation announced a private placement of 35,000 common shares at a price of ¥1,385 per share for gross proceeds of ¥48,475,000 on November 7, 2022. The transaction will include participation from individual investor Keisuke Onuma. The company will issue the securities through third-party allotment. The transaction has been approved in the board of directors meeting. The transaction is expected to close on December 1, 2022. Announcement • Sep 28
Hibino Corporation to Report Q2, 2023 Results on Nov 07, 2022 Hibino Corporation announced that they will report Q2, 2023 results on Nov 07, 2022 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 12 December 2022. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.6%). Major Estimate Revision • Aug 15
Consensus EPS estimates fall by 22% The consensus outlook for earnings per share (EPS) in 2023 has deteriorated. 2023 revenue forecast decreased from JP¥43.0b to JP¥42.0b. EPS estimate also fell from JP¥91.00 per share to JP¥70.80 per share. Net income forecast to shrink 42% next year vs 7.1% growth forecast for Electronic industry in Japan . Consensus price target down from JP¥1,500 to JP¥1,400. Share price was steady at JP¥1,437 over the past week. Price Target Changed • Aug 09
Price target decreased to JP¥1,400 Down from JP¥1,600, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of JP¥1,438. Stock is up 2.6% over the past year. The company is forecast to post earnings per share of JP¥70.80 for next year compared to JP¥109 last year. Reported Earnings • Aug 07
First quarter 2023 earnings released: JP¥27.00 loss per share (vs JP¥45.51 loss in 1Q 2022) First quarter 2023 results: JP¥27.00 loss per share (up from JP¥45.51 loss in 1Q 2022). Revenue: JP¥8.23b (down 8.1% from 1Q 2022). Net loss: JP¥267.0m (loss narrowed 41% from 1Q 2022). Over the next year, revenue is forecast to grow 4.9%, compared to a 9.5% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings. Announcement • Jun 29
Hibino Corporation to Report Q1, 2023 Results on Aug 05, 2022 Hibino Corporation announced that they will report Q1, 2023 results on Aug 05, 2022 Major Estimate Revision • May 31
Consensus forecasts updated The consensus outlook for 2023 has been updated. 2023 revenue forecast increased from JP¥42.5b to JP¥43.0b. EPS estimate fell from JP¥111 to JP¥91.00 per share. Net income forecast to shrink 16% next year vs 6.8% growth forecast for Electronic industry in Japan . Consensus price target down from JP¥1,600 to JP¥1,500. Share price was steady at JP¥1,434 over the past week. Reported Earnings • May 17
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: JP¥109 (up from JP¥245 loss in FY 2021). Revenue: JP¥42.4b (up 39% from FY 2021). Net income: JP¥1.07b (up JP¥3.50b from FY 2021). Profit margin: 2.5% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 2.7%. Earnings per share (EPS) also missed analyst estimates by 23%. Over the next year, revenue is forecast to stay flat compared to a 8.0% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Announcement • May 15
Hibino Corporation, Annual General Meeting, Jun 22, 2022 Hibino Corporation, Annual General Meeting, Jun 22, 2022. Price Target Changed • Apr 27
Price target decreased to JP¥1,600 Down from JP¥1,800, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of JP¥1,570. Stock is up 6.7% over the past year. The company is forecast to post earnings per share of JP¥142 next year compared to a net loss per share of JP¥245 last year. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 3 experienced directors. 8 highly experienced directors. 2 independent directors (7 non-independent directors). Independent External Director Takenari Shimizu was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Apr 07
Hibino Corporation to Report Fiscal Year 2022 Results on May 13, 2022 Hibino Corporation announced that they will report fiscal year 2022 results on May 13, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 25 June 2022. Payout ratio is a comfortable 18% but the company is not cash flow positive. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.3%). Major Estimate Revision • Feb 14
Consensus EPS estimates fall by 22% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from JP¥45.0b to JP¥43.6b. EPS estimate also fell from JP¥182 per share to JP¥142 per share. Net income forecast to grow 8.4% next year vs 6.5% growth forecast for Electronic industry in Japan. Consensus price target down from JP¥1,800 to JP¥1,600. Share price rose 2.9% to JP¥1,586 over the past week. Price Target Changed • Feb 09
Price target decreased to JP¥1,600 Down from JP¥1,800, the current price target is provided by 1 analyst. New target price is 6.4% above last closing price of JP¥1,504. Stock is up 17% over the past year. The company is forecast to post earnings per share of JP¥142 next year compared to a net loss per share of JP¥245 last year. Reported Earnings • Feb 07
Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2022 results: EPS: JP¥0.10 (up from JP¥49.96 loss in 3Q 2021). Revenue: JP¥9.22b (up 22% from 3Q 2021). Net income: JP¥1.00m (up JP¥495.0m from 3Q 2021). Profit margin: 0% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 5.7%. Earnings per share (EPS) exceeded analyst estimates. Over the next year, revenue is forecast to grow 5.4%, compared to a 7.8% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 07
Second quarter 2022 earnings released: EPS JP¥180 (vs JP¥90.32 loss in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥14.1b (up 134% from 2Q 2021). Net income: JP¥1.78b (up JP¥2.68b from 2Q 2021). Profit margin: 13% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 10 December 2021. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (1.0%). Reported Earnings • Aug 09
First quarter 2022 earnings released: JP¥45.51 loss per share (vs JP¥79.10 loss in 1Q 2021) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2022 results: Revenue: JP¥8.96b (up 38% from 1Q 2021). Net loss: JP¥450.0m (loss narrowed 43% from 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 101 percentage points per year, which is a significant difference in performance. Reported Earnings • May 17
Full year 2021 earnings released: JP¥245 loss per share (vs JP¥69.69 profit in FY 2020) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2021 results: Revenue: JP¥30.5b (down 25% from FY 2020). Net loss: JP¥2.42b (down 449% from profit in FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 24 June 2021. Trailing yield: 0.6%. Lower than top quartile of Japanese dividend payers (2.7%). Lower than average of industry peers (1.1%). Reported Earnings • Feb 07
Third quarter 2021 earnings released: JP¥49.96 loss per share (vs JP¥42.78 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: JP¥7.56b (down 32% from 3Q 2020). Net loss: JP¥494.0m (down 216% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 74% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Feb 07
Revenue beats expectations, earnings disappoint Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) missed analyst estimates by 13%. Over the next year, revenue is forecast to grow 23%, compared to a 9.0% growth forecast for the Electronic industry in Japan.