Price Target Changed • May 30
Price target increased by 7.7% to JP¥3,825 Up from JP¥3,550, the current price target is an average from 2 analysts. New target price is 21% above last closing price of JP¥3,150. Stock is up 6.5% over the past year. The company is forecast to post earnings per share of JP¥226 next year compared to a net loss per share of JP¥43.13 last year. Reported Earnings • May 12
Full year 2026 earnings: EPS misses analyst expectations Full year 2026 results: JP¥43.13 loss per share (down from JP¥565 profit in FY 2025). Revenue: JP¥569.3b (down 1.3% from FY 2025). Net loss: JP¥2.29b (down 108% from profit in FY 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 54%. Revenue is forecast to stay flat during the next 3 years compared to a 2.8% growth forecast for the Tech 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 fallen by 7% per year, which means it is significantly lagging earnings. Announcement • May 11
Toshiba Tec Corporation, Annual General Meeting, Jun 29, 2026 Toshiba Tec Corporation, Annual General Meeting, Jun 29, 2026. Live News • May 11
Toshiba Tec Targets Sharp Profit and Dividend Growth as Tariff Impacts Ease and ELERA Platform Expands Toshiba Tec is guiding for a sharp profit increase in FY2026, with management citing easing US tariff impacts and an expansion of its ELERA retail platform.
FY2025 profit was lower as US tariffs and investment losses weighed on results, although operating profit recovered in the second half of the year.
The company expects FY2026 to return to net profit and is forecasting a dividend that is roughly double the FY2025 level, supported by domestic retail demand and ELERA growth.
These updates point to a business that has absorbed recent external pressures and is now leaning on its retail solutions platform and domestic demand to rebuild earnings and shareholder returns.
Investors may want to pay close attention to how quickly tariff effects continue to ease and whether ELERA adoption and domestic retail trends track close to management’s expectations. Announcement • May 09
Toshiba Tec Corporation to Report Fiscal Year 2026 Results on May 11, 2026 Toshiba Tec Corporation announced that they will report fiscal year 2026 results on May 11, 2026 New Risk • May 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.9% 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. This is currently the only risk that has been identified for the company. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 04 June 2026. The company is not currently making a profit and is not cash flow positive. Trailing yield: 0.7%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (3.1%). Price Target Changed • Mar 19
Price target increased by 11% to JP¥3,550 Up from JP¥3,200, the current price target is an average from 2 analysts. New target price is 22% above last closing price of JP¥2,915. Stock is up 1.6% over the past year. The company is forecast to post earnings per share of JP¥12.65 for next year compared to JP¥565 last year. Reported Earnings • Feb 10
Third quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2026 results: EPS: JP¥20.25 (up from JP¥10.90 in 3Q 2025). Revenue: JP¥142.2b (up 4.3% from 3Q 2025). Net income: JP¥1.07b (up 86% from 3Q 2025). Profit margin: 0.8% (up from 0.4% in 3Q 2025). Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) missed analyst estimates by 38%. Revenue is forecast to stay flat during the next 3 years compared to a 2.7% growth forecast for the Tech industry in Japan. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Announcement • Dec 26
Toshiba Tec Corporation to Report Q3, 2026 Results on Feb 09, 2026 Toshiba Tec Corporation announced that they will report Q3, 2026 results on Feb 09, 2026 Declared Dividend • Nov 12
Dividend of JP¥20.00 announced Shareholders will receive a dividend of JP¥20.00. Ex-date: 30th March 2026 Payment date: 4th June 2026 Dividend yield will be 0.7%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (30% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Announcement • Oct 03
Toshiba Tec Corporation (TSE:6588) acquired Dynamic Pricing Business for Retail of Harmonia Inc. Toshiba Tec Corporation (TSE:6588) acquired Dynamic Pricing Business for Retail of Harmonia Inc. on October 1, 2025.
Toshiba Tec Corporation (TSE:6588) completed the acquisition of Dynamic Pricing Business for Retail of Harmonia Inc. on October 1, 2025. Announcement • Sep 26
Toshiba Tec Corporation to Report Q2, 2026 Results on Nov 10, 2025 Toshiba Tec Corporation announced that they will report Q2, 2026 results on Nov 10, 2025 New Risk • Sep 25
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 5.0% 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: Major Risk Earnings are forecast to decline by an average of 7.1% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (5.0% average weekly change). Large one-off items impacting financial results. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 02 December 2025. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (2.9%). Reported Earnings • Aug 07
First quarter 2026 earnings: EPS and revenues miss analyst expectations First quarter 2026 results: JP¥94.18 loss per share (down from JP¥65.03 profit in 1Q 2025). Revenue: JP¥121.4b (down 13% from 1Q 2025). Net loss: JP¥4.99b (down 245% from profit in 1Q 2025). Revenue missed analyst estimates by 10%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to stay flat during the next 3 years compared to a 2.2% growth forecast for the Tech industry in Japan. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Declared Dividend • Jul 21
Final dividend of JP¥20.00 announced Dividend of JP¥20.00 is the same as last year. Ex-date: 29th September 2025 Payment date: 2nd December 2025 Dividend yield will be 1.5%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (7% earnings payout ratio) and cash flows (30% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 41% over the next 3 years. However, it would need to fall by 92% to increase the payout ratio to a potentially unsustainable range. Announcement • Jun 26
Toshiba Tec Corporation to Report Q1, 2026 Results on Aug 06, 2025 Toshiba Tec Corporation announced that they will report Q1, 2026 results on Aug 06, 2025 Reported Earnings • Jun 25
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: JP¥565 (up from JP¥124 loss in FY 2024). Revenue: JP¥577.0b (up 5.3% from FY 2024). Net income: JP¥29.9b (up JP¥36.6b from FY 2024). Profit margin: 5.2% (up from net loss in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 16%. Revenue is forecast to stay flat during the next 3 years compared to a 2.1% growth forecast for the Tech industry in Japan. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Major Estimate Revision • Jun 21
Consensus EPS estimates increase by 10% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from JP¥195 to JP¥215. Revenue forecast steady at JP¥561.0b. Net income forecast to shrink 62% next year vs 1.7% growth forecast for Tech industry in Japan . Consensus price target broadly unchanged at JP¥3,350. Share price was steady at JP¥2,799 over the past week. New Risk • May 14
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 29% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 17% per year for the foreseeable future. High level of non-cash earnings (29% accrual ratio). Reported Earnings • May 13
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: JP¥565 (up from JP¥124 loss in FY 2024). Revenue: JP¥577.0b (up 5.3% from FY 2024). Net income: JP¥29.9b (up JP¥36.6b from FY 2024). Profit margin: 5.2% (up from net loss in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 16%. Revenue is forecast to stay flat during the next 3 years compared to a 2.2% growth forecast for the Tech industry in Japan. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Announcement • May 12
Toshiba Tec Corporation, Annual General Meeting, Jun 23, 2025 Toshiba Tec Corporation, Annual General Meeting, Jun 23, 2025. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to JP¥2,096, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 11x in the Tech industry in Japan. Total loss to shareholders of 52% over the past three years. Announcement • Mar 26
Toshiba Tec Corporation to Report Fiscal Year 2025 Results on May 12, 2025 Toshiba Tec Corporation announced that they will report fiscal year 2025 results on May 12, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 09 June 2025. Payout ratio is a comfortable 6.8% but the company is paying out more than the cash it is generating. Trailing yield: 1.6%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (2.6%). Price Target Changed • Feb 21
Price target decreased by 7.3% to JP¥3,800 Down from JP¥4,100, the current price target is an average from 2 analysts. New target price is 26% above last closing price of JP¥3,005. Stock is down 3.2% over the past year. The company is forecast to post earnings per share of JP¥500 next year compared to a net loss per share of JP¥124 last year. Reported Earnings • Feb 07
Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2025 results: EPS: JP¥10.90 (up from JP¥319 loss in 3Q 2024). Revenue: JP¥136.3b (up 2.5% from 3Q 2024). Net income: JP¥577.0m (up JP¥17.5b from 3Q 2024). Profit margin: 0.4% (up from net loss in 3Q 2024). Revenue exceeded analyst estimates by 4.3%. Earnings per share (EPS) missed analyst estimates by 80%. Revenue is forecast to stay flat during the next 3 years compared to a 2.4% growth forecast for the Tech industry in Japan. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Announcement • Jan 03
Toshiba Tec Corporation to Report Q3, 2025 Results on Feb 06, 2025 Toshiba Tec Corporation announced that they will report Q3, 2025 results on Feb 06, 2025 Declared Dividend • Dec 03
First half dividend of JP¥25.00 announced Dividend of JP¥25.00 is the same as last year. Ex-date: 28th March 2025 Payment date: 9th June 2025 Dividend yield will be 1.2%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is covered by earnings (13% earnings payout ratio) but not covered by cash flows (dividend approximately 14x free cash flows). The dividend has increased by an average of 1.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 23% over the next 3 years. However, it would need to fall by 85% to increase the payout ratio to a potentially unsustainable range. New Risk • Nov 12
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 22% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 8.9% per year for the foreseeable future. High level of non-cash earnings (22% accrual ratio). New Risk • Nov 09
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 8.9% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 8.9% per year for the foreseeable future. Minor Risk Large one-off items impacting financial results. Reported Earnings • Nov 09
Second quarter 2025 earnings: EPS and revenues exceed analyst expectations Second quarter 2025 results: EPS: JP¥438 (up from JP¥38.45 in 2Q 2024). Revenue: JP¥149.0b (up 5.5% from 2Q 2024). Net income: JP¥23.2b (up JP¥21.0b from 2Q 2024). Profit margin: 16% (up from 1.5% in 2Q 2024). Revenue exceeded analyst estimates by 5.5%. Earnings per share (EPS) also surpassed analyst estimates significantly. Revenue is forecast to stay flat during the next 3 years compared to a 2.6% growth forecast for the Tech industry in Japan. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Announcement • Sep 26
Toshiba Tec Corporation to Report Q2, 2025 Results on Nov 08, 2024 Toshiba Tec Corporation announced that they will report Q2, 2025 results on Nov 08, 2024 Upcoming Dividend • Sep 20
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. The company is not currently making a profit but it is cash flow positive. Trailing yield: 1.3%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (2.5%). Reported Earnings • Aug 12
First quarter 2025 earnings: EPS and revenues exceed analyst expectations First quarter 2025 results: EPS: JP¥65.03 (up from JP¥0.69 in 1Q 2024). Revenue: JP¥140.2b (up 14% from 1Q 2024). Net income: JP¥3.44b (up JP¥3.40b from 1Q 2024). Profit margin: 2.5% (up from 0% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.2%. Earnings per share (EPS) also surpassed analyst estimates by 177%. Revenue is forecast to stay flat during the next 3 years compared to a 2.6% growth forecast for the Tech industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance. New Risk • Aug 05
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 6.0% 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. This is currently the only risk that has been identified for the company. Declared Dividend • Jul 11
Final dividend of JP¥20.00 announced Shareholders will receive a dividend of JP¥20.00. Ex-date: 27th September 2024 Payment date: 2nd December 2024 Dividend yield will be 1.3%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is covered by cash flows (67% cash payout ratio). The dividend has increased by an average of 1.2% per year over the past 10 years. However, payments have been volatile during that time. Announcement • Jun 27
Toshiba Tec Corporation to Report Q1, 2025 Results on Aug 08, 2024 Toshiba Tec Corporation announced that they will report Q1, 2025 results on Aug 08, 2024 Reported Earnings • May 13
Full year 2024 earnings released: JP¥124 loss per share (vs JP¥248 loss in FY 2023) Full year 2024 results: JP¥124 loss per share (improved from JP¥248 loss in FY 2023). Revenue: JP¥548.1b (up 7.3% from FY 2023). Net loss: JP¥6.71b (loss narrowed 51% from FY 2023). Revenue is forecast to stay flat during the next 3 years compared to a 2.5% growth forecast for the Tech industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 100 percentage points per year, which is a significant difference in performance. Announcement • May 12
Toshiba Tec Corporation, Annual General Meeting, Jun 28, 2024 Toshiba Tec Corporation, Annual General Meeting, Jun 28, 2024. Announcement • Mar 27
Toshiba Tec Corporation to Report Fiscal Year 2024 Results on May 10, 2024 Toshiba Tec Corporation announced that they will report fiscal year 2024 results on May 10, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 10 June 2024. The company is not currently making a profit but it is cash flow positive. Trailing yield: 1.6%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (2.5%). Announcement • Mar 18
Toshiba Tec Corporation(TSE:6588) dropped from FTSE All-World Index (USD) Toshiba Tec Corporation(TSE:6588) dropped from FTSE All-World Index (USD) Reported Earnings • Feb 09
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: JP¥319 loss per share (down from JP¥78.87 profit in 3Q 2023). Revenue: JP¥133.1b (up 1.9% from 3Q 2023). Net loss: JP¥16.9b (down 487% from profit in 3Q 2023). Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to stay flat during the next 3 years compared to a 2.6% growth forecast for the Tech industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance. Announcement • Dec 27
Toshiba Tec Corporation to Report Q3, 2024 Results on Feb 07, 2024 Toshiba Tec Corporation announced that they will report Q3, 2024 results on Feb 07, 2024 Reported Earnings • Nov 15
Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2024 results: EPS: JP¥38.45 (up from JP¥76.05 loss in 2Q 2023). Revenue: JP¥141.3b (up 5.0% from 2Q 2023). Net income: JP¥2.13b (up JP¥6.33b from 2Q 2023). Profit margin: 1.5% (up from net loss in 2Q 2023). Revenue exceeded analyst estimates by 5.3%. Earnings per share (EPS) missed analyst estimates by 15%. Revenue is forecast to stay flat during the next 3 years compared to a 2.5% growth forecast for the Tech industry in Japan. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Announcement • Sep 27
Toshiba Tec Corporation to Report Q2, 2024 Results on Nov 13, 2023 Toshiba Tec Corporation announced that they will report Q2, 2024 results on Nov 13, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of JP¥20.00 per share at 1.3% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 01 December 2023. The company is not currently making a profit but it is cash flow positive. Trailing yield: 1.3%. Lower than top quartile of Japanese dividend payers (3.3%). Lower than average of industry peers (2.7%). Price Target Changed • Aug 25
Price target decreased by 7.1% to JP¥4,375 Down from JP¥4,708, the current price target is an average from 3 analysts. New target price is 24% above last closing price of JP¥3,540. Stock is down 17% over the past year. The company is forecast to post earnings per share of JP¥178 next year compared to a net loss per share of JP¥248 last year. New Risk • Aug 18
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 5.2% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 08
First quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2024 results: EPS: JP¥0.69 (up from JP¥39.06 loss in 1Q 2023). Revenue: JP¥122.4b (up 12% from 1Q 2023). Net income: JP¥38.0m (up JP¥2.20b from 1Q 2023). Profit margin: 0% (up from net loss in 1Q 2023). Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) missed analyst estimates by 96%. Revenue is forecast to stay flat during the next 3 years compared to a 2.4% growth forecast for the Tech industry in Japan. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Announcement • Aug 08
Toshiba Tec Corporation (TSE:6588) announces an Equity Buyback for 2,444,300 shares, representing 4.42% for ¥8,738.37 million. Toshiba Tec Corporation (TSE:6588) announces a share repurchase program. Under the program, the company will repurchase 2,444,300 shares, representing 4.42% of the outstanding shares for ¥8,738.37 million. The shares will be repurchased at price of ¥3,575 per share. The purpose of the program is to implement a flexible capital policy. The program will run until September 5, 2023. As of June 30, 2023, the company had 55,348,689 shares outstanding and 2,280,451 shares in treasury. Announcement • Jun 26
Toshiba Tec Corporation to Report Q1, 2024 Results on Aug 08, 2023 Toshiba Tec Corporation announced that they will report Q1, 2024 results on Aug 08, 2023 Price Target Changed • May 27
Price target increased by 11% to JP¥4,400 Up from JP¥3,967, the current price target is an average from 3 analysts. New target price is 7.1% above last closing price of JP¥4,110. Stock is up 4.1% over the past year. The company is forecast to post earnings per share of JP¥171 next year compared to a net loss per share of JP¥248 last year. Reported Earnings • May 16
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: JP¥248 loss per share (down from JP¥97.68 profit in FY 2022). Revenue: JP¥510.8b (up 15% from FY 2022). Net loss: JP¥13.7b (down 355% from profit in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates significantly. Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Tech 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 increased by 2% per year, which means it is well ahead of earnings. Announcement • May 13
Toshiba Tec Corporation, Annual General Meeting, Jun 30, 2023 Toshiba Tec Corporation, Annual General Meeting, Jun 30, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥20.00 per share at 1.1% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 06 June 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.1%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (3.1%). Reported Earnings • Feb 08
Third quarter 2023 earnings: EPS and revenues exceed analyst expectations Third quarter 2023 results: EPS: JP¥78.86 (up from JP¥67.76 in 3Q 2022). Revenue: JP¥130.6b (up 17% from 3Q 2022). Net income: JP¥4.37b (up 17% from 3Q 2022). Profit margin: 3.3% (in line with 3Q 2022). Revenue exceeded analyst estimates by 6.1%. Earnings per share (EPS) also surpassed analyst estimates by 98%. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Tech industry in Japan. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Price Target Changed • Jan 21
Price target decreased to JP¥4,000 Down from JP¥4,333, the current price target is an average from 3 analysts. New target price is 12% above last closing price of JP¥3,570. Stock is down 17% over the past year. The company is forecast to post a net loss per share of JP¥14.29 compared to earnings per share of JP¥97.67 last year. Announcement • Dec 26
Toshiba Tec Corporation to Report Q3, 2023 Results on Feb 06, 2023 Toshiba Tec Corporation announced that they will report Q3, 2023 results on Feb 06, 2023 Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Audit & Supervisory Board Member Naohiro Yamaguchi was the last director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 12
Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2023 results: JP¥76.05 loss per share (further deteriorated from JP¥4.13 loss in 2Q 2022). Revenue: JP¥134.6b (up 23% from 2Q 2022). Net loss: JP¥4.21b (loss widened JP¥3.98b from 2Q 2022). Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Tech industry in Japan. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 2% per year. Buying Opportunity • Nov 11
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 11%. The fair value is estimated to be JP¥4,845, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.0% over the last 3 years. Earnings per share has grown by 10.0%. For the next 3 years, revenue is forecast to grow by 3.0% per annum. Earnings is also forecast to grow by 28% per annum over the same time period. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 01 December 2022. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 1.5%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (2.8%). Major Estimate Revision • Sep 16
Consensus forecasts updated The consensus outlook for 2023 has been updated. 2023 EPS estimate fell from JP¥193 to JP¥169 per share. Revenue forecast steady at JP¥458.4b. Net income forecast to grow 1,847% next year vs 13% growth forecast for Tech industry in Japan. Consensus price target down from JP¥4,550 to JP¥4,425. Share price fell 4.4% to JP¥3,950 over the past week. Reported Earnings • Aug 12
First quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2023 results: JP¥39.06 loss per share (down from JP¥48.92 profit in 1Q 2022). Revenue: JP¥109.3b (up 2.1% from 1Q 2022). Net loss: JP¥2.16b (down 180% from profit in 1Q 2022). Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) missed analyst estimates. Over the next year, revenue is forecast to grow 2.1%, compared to a 8.1% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Major Estimate Revision • May 24
Consensus forecasts updated The consensus outlook for 2023 has been updated. 2023 EPS estimate fell from JP¥219 to JP¥179 per share. Revenue forecast steady at JP¥453.9b. Net income forecast to grow 83% next year vs 5.2% growth forecast for Tech industry in Japan. Consensus price target broadly unchanged at JP¥4,775. Share price was steady at JP¥3,905 over the past week. Reported Earnings • May 13
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: EPS: JP¥97.67 (down from JP¥130 in FY 2021). Revenue: JP¥445.3b (up 9.8% from FY 2021). Net income: JP¥5.38b (down 25% from FY 2021). Profit margin: 1.2% (down from 1.8% in FY 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 35%. Over the next year, revenue is forecast to grow 2.1%, compared to a 5.9% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.