Reported Earnings • May 20
Full year 2026 earnings released: JP¥1.46 loss per share (vs JP¥9.60 loss in FY 2025) Full year 2026 results: JP¥1.46 loss per share (improved from JP¥9.60 loss in FY 2025). Revenue: JP¥5.78b (up 1.5% from FY 2025). Net loss: JP¥12.0m (loss narrowed 85% from FY 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 134 percentage points per year, which is a significant difference in performance. Announcement • May 15
River Eletec Corporation, Annual General Meeting, Jun 25, 2026 River Eletec Corporation, Annual General Meeting, Jun 25, 2026. Announcement • May 10
River Eletec Corporation to Report Fiscal Year 2026 Results on May 15, 2026 River Eletec Corporation announced that they will report fiscal year 2026 results at 3:00 PM, Tokyo Standard Time on May 15, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 26 June 2026. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.6%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (1.6%). Reported Earnings • Feb 16
Third quarter 2026 earnings released: EPS: JP¥1.70 (vs JP¥9.60 loss in 3Q 2025) Third quarter 2026 results: EPS: JP¥1.70 (up from JP¥9.60 loss in 3Q 2025). Revenue: JP¥1.32b (up 1.9% from 3Q 2025). Net income: JP¥14.0m (up JP¥93.0m from 3Q 2025). Profit margin: 1.1% (up from net loss in 3Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 116 percentage points per year, which is a significant difference in performance. New Risk • Feb 16
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 11% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (10% average weekly change). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 52% per year over the past 5 years. Minor Risk Market cap is less than US$100m (JP¥4.16b market cap, or US$27.2m). Announcement • Dec 27
River Eletec Corporation to Report Q3, 2026 Results on Feb 13, 2026 River Eletec Corporation announced that they will report Q3, 2026 results on Feb 13, 2026 Declared Dividend • Dec 06
First half dividend of JP¥5.00 announced Shareholders will receive a dividend of JP¥5.00. Ex-date: 30th March 2026 Payment date: 26th June 2026 Dividend yield will be 2.5%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having 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 21% per year over the past 10 years. However, payments have been volatile during that time. New Risk • Nov 10
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 8.1% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.1% average weekly change). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 45% per year over the past 5 years. Minor Risk Market cap is less than US$100m (JP¥3.21b market cap, or US$20.8m). Reported Earnings • Nov 09
Second quarter 2026 earnings released: JP¥6.32 loss per share (vs JP¥8.99 loss in 2Q 2025) Second quarter 2026 results: JP¥6.32 loss per share (improved from JP¥8.99 loss in 2Q 2025). Revenue: JP¥1.36b (down 4.2% from 2Q 2025). Net loss: JP¥52.0m (loss narrowed 30% from 2Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 103 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 08 December 2025. 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 (1.7%). Announcement • Sep 01
River Eletec Corporation to Report Q2, 2026 Results on Nov 07, 2025 River Eletec Corporation announced that they will report Q2, 2026 results on Nov 07, 2025 Reported Earnings • Aug 10
First quarter 2026 earnings released: JP¥14.95 loss per share (vs JP¥4.01 profit in 1Q 2025) First quarter 2026 results: JP¥14.95 loss per share (down from JP¥4.01 profit in 1Q 2025). Revenue: JP¥1.50b (up 13% from 1Q 2025). Net loss: JP¥123.0m (down 473% from profit in 1Q 2025). 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. Declared Dividend • Jul 09
Final dividend of JP¥5.00 announced Shareholders will receive a dividend of JP¥5.00. Ex-date: 29th September 2025 Payment date: 8th December 2025 Dividend yield will be 2.0%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having 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 23% per year over the past 9 years. However, payments have been volatile during that time. Announcement • Jul 02
River Eletec Corporation to Report Q1, 2026 Results on Aug 08, 2025 River Eletec Corporation announced that they will report Q1, 2026 results on Aug 08, 2025 New Risk • May 30
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 8.5% 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 (3.9% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 26% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.5% average weekly change). Market cap is less than US$100m (JP¥3.82b market cap, or US$26.5m). Reported Earnings • May 11
Full year 2025 earnings released: JP¥9.60 loss per share (vs JP¥15.89 loss in FY 2024) Full year 2025 results: JP¥9.60 loss per share (improved from JP¥15.89 loss in FY 2024). Revenue: JP¥5.70b (up 4.5% from FY 2024). Net loss: JP¥79.0m (loss narrowed 41% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance. Announcement • May 09
River Eletec Corporation, Annual General Meeting, Jun 25, 2025 River Eletec Corporation, Annual General Meeting, Jun 25, 2025. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 27 June 2025. The company is not currently making a profit and is not cash flow positive. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.7%). Announcement • Mar 01
River Eletec Corporation to Report Fiscal Year 2025 Results on May 09, 2025 River Eletec Corporation announced that they will report fiscal year 2025 results on May 09, 2025 Reported Earnings • Feb 08
Third quarter 2025 earnings released: JP¥9.60 loss per share (vs JP¥2.43 profit in 3Q 2024) Third quarter 2025 results: JP¥9.60 loss per share (down from JP¥2.43 profit in 3Q 2024). Revenue: JP¥1.29b (down 11% from 3Q 2024). Net loss: JP¥79.0m (down 495% from profit in 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance. Announcement • Dec 19
River Eletec Corporation to Report Q3, 2025 Results on Feb 07, 2025 River Eletec Corporation announced that they will report Q3, 2025 results on Feb 07, 2025 New Risk • Dec 16
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 7.4% 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (7.4% average weekly change). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risk Market cap is less than US$100m (JP¥3.74b market cap, or US$24.3m). Declared Dividend • Dec 07
First half dividend of JP¥5.00 announced Shareholders will receive a dividend of JP¥5.00. Ex-date: 28th March 2025 Payment date: 27th June 2025 Dividend yield will be 2.7%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having 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 13% per year over the past 10 years. However, payments have been volatile during that time. Reported Earnings • Nov 11
Second quarter 2025 earnings released: JP¥8.99 loss per share (vs JP¥10.72 loss in 2Q 2024) Second quarter 2025 results: JP¥8.99 loss per share (improved from JP¥10.72 loss in 2Q 2024). Revenue: JP¥1.42b (down 10.0% from 2Q 2024). Net loss: JP¥74.0m (loss narrowed 18% from 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 45 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 09 December 2024. The company is not currently making a profit but it is cash flow positive. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.5%). Announcement • Aug 28
River Eletec Corporation to Report Q2, 2025 Results on Nov 08, 2024 River Eletec Corporation announced that they will report Q2, 2025 results on Nov 08, 2024 Buy Or Sell Opportunity • Aug 11
Now 24% overvalued Over the last 90 days, the stock has fallen 17% to JP¥413. The fair value is estimated to be JP¥332, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 7.9% over the last 3 years. Meanwhile, the company became loss making. Declared Dividend • Jul 11
Final dividend of JP¥5.00 announced Shareholders will receive a dividend of JP¥5.00. Ex-date: 27th September 2024 Payment date: 9th December 2024 Dividend yield will be 1.8%, which is higher than the industry average of 1.4%. Sustainability & Growth The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. Announcement • Jun 28
River Eletec Corporation to Report Q1, 2025 Results on Aug 09, 2024 River Eletec Corporation announced that they will report Q1, 2025 results on Aug 09, 2024 Reported Earnings • May 13
Full year 2024 earnings released: JP¥15.89 loss per share (vs JP¥103 profit in FY 2023) Full year 2024 results: JP¥15.89 loss per share (down from JP¥103 profit in FY 2023). Revenue: JP¥5.45b (down 20% from FY 2023). Net loss: JP¥133.0m (down 115% from profit in FY 2023). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Announcement • May 12
River Eletec Corporation, Annual General Meeting, Jun 26, 2024 River Eletec Corporation, Annual General Meeting, Jun 26, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Trailing yield: 1.4%. Lower than top quartile of Japanese dividend payers (3.2%). In line with average of industry peers (1.4%). Announcement • Mar 02
River Eletec Corporation to Report Fiscal Year 2024 Results on May 10, 2024 River Eletec Corporation announced that they will report fiscal year 2024 results on May 10, 2024 Reported Earnings • Feb 11
Third quarter 2024 earnings released: EPS: JP¥2.43 (vs JP¥6.49 in 3Q 2023) Third quarter 2024 results: EPS: JP¥2.43 (down from JP¥6.49 in 3Q 2023). Revenue: JP¥1.45b (down 18% from 3Q 2023). Net income: JP¥20.0m (down 64% from 3Q 2023). Profit margin: 1.4% (down from 3.2% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 20% per year whereas the company’s share price has fallen by 24% per year. Announcement • Dec 28
River Eletec Corporation to Report Q3, 2024 Results on Feb 09, 2024 River Eletec Corporation announced that they will report Q3, 2024 results on Feb 09, 2024 New Risk • Dec 11
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 5.9% 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. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 0% Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (5.9% average weekly change). Profit margins are more than 30% lower than last year (1.1% net profit margin). Market cap is less than US$100m (JP¥4.68b market cap, or US$32.0m). Reported Earnings • Nov 12
Second quarter 2024 earnings released: JP¥10.72 loss per share (vs JP¥42.06 profit in 2Q 2023) Second quarter 2024 results: JP¥10.72 loss per share (down from JP¥42.06 profit in 2Q 2023). Revenue: JP¥1.57b (down 22% from 2Q 2023). Net loss: JP¥90.0m (down 125% from profit in 2Q 2023). 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 31% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥5.00 per share at 2.4% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 11 December 2023. Payout ratio is a comfortable 11% but the company is paying out more than the cash it is generating. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.4%). Announcement • Aug 27
River Eletec Corporation to Report Q2, 2024 Results on Nov 10, 2023 River Eletec Corporation announced that they will report Q2, 2024 results on Nov 10, 2023 New Risk • Aug 12
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 8.4% Last year net profit margin: 16% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.8% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (8.4% net profit margin). Market cap is less than US$100m (JP¥5.26b market cap, or US$36.3m). Reported Earnings • Aug 12
First quarter 2024 earnings released: JP¥1.97 loss per share (vs JP¥42.18 profit in 1Q 2023) First quarter 2024 results: JP¥1.97 loss per share (down from JP¥42.18 profit in 1Q 2023). Revenue: JP¥1.22b (down 39% from 1Q 2023). Net loss: JP¥17.0m (down 105% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Jun 29
River Eletec Corporation to Report Q1, 2024 Results on Aug 10, 2023 River Eletec Corporation announced that they will report Q1, 2024 results on Aug 10, 2023 Announcement • Jun 23
River Eletec Corporation (TSE:6666) announces an Equity Buyback for 400,000 shares, representing 4.63% for ¥280 million. River Eletec Corporation (TSE:6666) announces a share repurchase program. Under the program, the company will repurchase up to 400,000 shares, representing 4.63% of its issued share capital, for ¥280 million. The purpose of the program is improve corporate value by enhancing shareholder returns and improving capital efficiency. The program will be valid till December 22, 2023. As of May 31, 2023, the company had 8,630,054 issued shares (excluding treasury stock) and 62,598 shares in treasury. Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥621, the stock trades at a trailing P/E ratio of 6x. Average trailing P/E is 12x in the Electronic industry in Japan. Total returns to shareholders of 18% over the past three years. Reported Earnings • May 17
Full year 2023 earnings released: EPS: JP¥103 (vs JP¥131 in FY 2022) Full year 2023 results: EPS: JP¥103 (down from JP¥131 in FY 2022). Revenue: JP¥6.86b (down 7.6% from FY 2022). Net income: JP¥893.0m (down 20% from FY 2022). Profit margin: 13% (down from 15% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 15
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥564, the stock trades at a trailing P/E ratio of 4.6x. Average trailing P/E is 12x in the Electronic industry in Japan. Total returns to shareholders of 25% over the past three years. Announcement • May 14
River Eletec Corporation, Annual General Meeting, Jun 28, 2023 River Eletec Corporation, Annual General Meeting, Jun 28, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥8.00 per share at 1.9% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 29 June 2023. Payout ratio is a comfortable 6.5% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%). Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: JP¥6.49 (vs JP¥36.96 in 3Q 2022) Third quarter 2023 results: EPS: JP¥6.49 (down from JP¥36.96 in 3Q 2022). Revenue: JP¥1.76b (down 9.2% from 3Q 2022). Net income: JP¥56.0m (down 82% from 3Q 2022). Profit margin: 3.2% (down from 16% in 3Q 2022). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 13% 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 60% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Announcement • Dec 28
River Eletec Corporation to Report Q3, 2023 Results on Feb 10, 2023 River Eletec Corporation announced that they will report Q3, 2023 results on Feb 10, 2023 Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Outside Director Yoshitaka Takei was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 13
Second quarter 2023 earnings released: EPS: JP¥42.06 (vs JP¥32.32 in 2Q 2022) Second quarter 2023 results: EPS: JP¥42.06 (up from JP¥32.32 in 2Q 2022). Revenue: JP¥2.03b (up 16% from 2Q 2022). Net income: JP¥363.0m (up 30% from 2Q 2022). Profit margin: 18% (up from 16% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% 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 79% per year but the company’s share price has only increased by 44% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 09 December 2022. Payout ratio is a comfortable 6.9% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (1.6%). Announcement • Aug 28
River Eletec Corporation to Report Q2, 2023 Results on Nov 11, 2022 River Eletec Corporation announced that they will report Q2, 2023 results on Nov 11, 2022 Reported Earnings • Aug 15
First quarter 2023 earnings released: EPS: JP¥42.18 (vs JP¥28.69 in 1Q 2022) First quarter 2023 results: EPS: JP¥42.18 (up from JP¥28.69 in 1Q 2022). Revenue: JP¥2.00b (up 16% from 1Q 2022). Net income: JP¥364.0m (up 58% from 1Q 2022). Profit margin: 18% (up from 13% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 66% per year, which means it is significantly lagging earnings growth. Announcement • Jun 29
River Eletec Corporation to Report Q1, 2023 Results on Aug 12, 2022 River Eletec Corporation announced that they will report Q1, 2023 results on Aug 12, 2022 Reported Earnings • May 19
Full year 2022 earnings released: EPS: JP¥131 (vs JP¥75.52 in FY 2021) Full year 2022 results: EPS: JP¥131 (up from JP¥75.52 in FY 2021). Revenue: JP¥7.42b (up 36% from FY 2021). Net income: JP¥1.11b (up 99% from FY 2021). Profit margin: 15% (up from 10% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has only increased by 60% per year, which means it is significantly lagging earnings growth. Announcement • May 15
River Eletec Corporation, Annual General Meeting, Jun 28, 2022 River Eletec Corporation, Annual General Meeting, Jun 28, 2022. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Outside Director Yoshitaka Takei was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 08
River Eletec Corporation to Report Fiscal Year 2022 Results on May 13, 2022 River Eletec Corporation announced that they will report fiscal year 2022 results on May 13, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥8.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 30 June 2022. Payout ratio is a comfortable 7.9% but the company is not cash flow positive. Trailing yield: 1.6%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.3%). Reported Earnings • Feb 12
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥36.96 (up from JP¥16.95 in 3Q 2021). Revenue: JP¥1.94b (up 35% from 3Q 2021). Net income: JP¥319.0m (up 155% from 3Q 2021). Profit margin: 16% (up from 8.7% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 112% per year but the company’s share price has only increased by 73% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 16
Second quarter 2022 earnings released: EPS JP¥32.32 (vs JP¥8.68 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥1.75b (up 26% from 2Q 2021). Net income: JP¥279.0m (up 336% from 2Q 2021). Profit margin: 16% (up from 4.6% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 111% per year but the company’s share price has only increased by 75% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 19
Investor sentiment deteriorated over the past week After last week's 19% share price decline to JP¥1,232, the stock trades at a trailing P/E ratio of 14.8x. Average trailing P/E is 14x in the Electronic industry in Japan. Total returns to shareholders of 252% over the past three years. Reported Earnings • Aug 18
First quarter 2022 earnings released: EPS JP¥28.69 (vs JP¥21.71 in 1Q 2021) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were flat. First quarter 2022 results: Revenue: JP¥1.73b (up 49% from 1Q 2021). Net income: JP¥231.0m (up 44% from 1Q 2021). Profit margin: 13% (in line with 1Q 2021). Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has only increased by 54% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment improved over the past week After last week's 16% share price gain to JP¥1,349, the stock trades at a trailing P/E ratio of 17.9x. Average trailing P/E is 17x in the Electronic industry in Japan. Total returns to shareholders of 285% over the past three years. Reported Earnings • May 16
Full year 2021 earnings released: EPS JP¥75.52 (vs JP¥11.80 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥5.46b (up 22% from FY 2020). Net income: JP¥558.0m (up JP¥471.0m from FY 2020). Profit margin: 10% (up from 1.9% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has only increased by 43% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment deteriorated over the past week After last week's 31% share price decline to JP¥967, the stock is trading at a trailing P/E ratio of 14.4x, down from the previous P/E ratio of 20.8x. This compares to an average P/E of 17x in the Electronic industry in Japan. Total returns to shareholders over the past three years are 147%. Announcement • Mar 07
River Eletec Corporation announced that it expects to receive ¥7.368 million in funding from Nomura Securities Co. Ltd., Investment Arm River Eletec Corporation (JASDAQ:6666) announced a private placement to issue 12,000 units of 1st stock acquisition rights at issue price of ¥614 per stock acquisition right for gross proceeds of ¥7,368,000 on March 5, 2021. The transaction will include participation from Nomura Securities Co. Ltd., Investment Arm. The transaction is expected to close on March 23, 2021. The stock acquisition rights are convertible into 1,200,000 common shares of the company at an initial exercise price of ¥1,314 per share and at minimum exercise price of €920 per share from March 24, 2021 to March 22, 2024. The company will issue stock acquisition rights through third-party allotment. The transaction has been approved by the board of directors of the company. Announcement • Mar 04
River Eletec Corporation to Report Fiscal Year 2021 Results on May 13, 2021 River Eletec Corporation announced that they will report fiscal year 2021 results on May 13, 2021 Is New 90 Day High Low • Feb 18
New 90-day low: JP¥1,356 The company is down 22% from its price of JP¥1,748 on 20 November 2020. The Japanese market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 16% over the same period. Reported Earnings • Feb 14
Third quarter 2021 earnings released: EPS JP¥16.95 (vs JP¥2.31 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥1.44b (up 17% from 3Q 2020). Net income: JP¥125.0m (up JP¥108.0m from 3Q 2020). Profit margin: 8.7% (up from 1.4% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 58% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Dec 01
Market pulls back on stock over the past week After last week's 19% share price decline to JP¥1,441, the stock is trading at a trailing P/E ratio of 27.4x, down from the previous P/E ratio of 33.9x. This compares to an average P/E of 18x in the Electronic industry in Japan. Total returns to shareholders over the past three years are 237%. Valuation Update With 7 Day Price Move • Nov 26
Market pulls back on stock over the past week After last week's 15% share price decline to JP¥1,480, the stock is trading at a trailing P/E ratio of 28.2x, down from the previous P/E ratio of 33.3x. This compares to an average P/E of 18x in the Electronic industry in Japan. Total returns to shareholders over the past three years are 227%. Is New 90 Day High Low • Nov 16
New 90-day high: JP¥1,747 The company is up 155% from its price of JP¥684 on 18 August 2020. The Japanese market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 11% over the same period. Reported Earnings • Nov 16
Second quarter 2021 earnings released: EPS JP¥8.68 The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥1.39b (up 32% from 2Q 2020). Net income: JP¥64.0m (up JP¥56.0m from 2Q 2020). Profit margin: 4.6% (up from 0.8% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 53% per year whereas the company’s share price has increased by 57% per year. Valuation Update With 7 Day Price Move • Nov 09
Market bids up stock over the past week After last week's 31% share price gain to JP¥1,669, the stock is trading at a trailing P/E ratio of 37.2x, up from the previous P/E ratio of 28.3x. This compares to an average P/E of 18x in the Electronic industry in Japan. Total returns to shareholders over the past three years are 264%. Is New 90 Day High Low • Oct 29
New 90-day high: JP¥1,406 The company is up 119% from its price of JP¥643 on 31 July 2020. The Japanese market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 11% over the same period. Valuation Update With 7 Day Price Move • Oct 20
Market bids up stock over the past week After last week's 25% share price gain to JP¥1,375, the stock is trading at a trailing P/E ratio of 30.6x, up from the previous P/E ratio of 24.5x. This compares to an average P/E of 17x in the Electronic industry in Japan. Total returns to shareholders over the past three years are 179%. Valuation Update With 7 Day Price Move • Oct 15
Market bids up stock over the past week After last week's 19% share price gain to JP¥1,136, the stock is trading at a trailing P/E ratio of 25.3x, up from the previous P/E ratio of 21.3x. This compares to an average P/E of 18x in the Electronic industry in Japan. Total returns to shareholders over the past three years are 134%. Announcement • Oct 10
River Eletec Corporation to Report Q2, 2021 Results on Nov 13, 2020 River Eletec Corporation announced that they will report Q2, 2021 results on Nov 13, 2020 Is New 90 Day High Low • Oct 07
New 90-day high: JP¥930 The company is up 23% from its price of JP¥754 on 09 July 2020. The Japanese market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 9.0% over the same period.