New Risk • 20h
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 197% Dividend yield: 3.2% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 3.3% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (197% cash payout ratio). Large one-off items impacting financial results. Reported Earnings • May 13
Full year 2026 earnings: EPS exceeds analyst expectations Full year 2026 results: EPS: JP¥186 (up from JP¥136 in FY 2025). Revenue: JP¥114.1b (up 6.7% from FY 2025). Net income: JP¥11.6b (up 36% from FY 2025). Profit margin: 10% (up from 8.0% in FY 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 13%. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Announcement • May 12
Nippon Signal Co., Ltd., Annual General Meeting, Jun 19, 2026 Nippon Signal Co., Ltd., Annual General Meeting, Jun 19, 2026. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥37.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 01 June 2026. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%). Major Estimate Revision • Mar 03
Consensus EPS estimates increase by 18% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from JP¥109.5b to JP¥112.0b. EPS estimate increased from JP¥129 to JP¥153 per share. Net income forecast to shrink 8.1% next year vs 14% growth forecast for Electronic industry in Japan . Consensus price target of JP¥1,700 unchanged from last update. Share price was steady at JP¥1,747 over the past week. Reported Earnings • Feb 05
Third quarter 2026 earnings: EPS and revenues exceed analyst expectations Third quarter 2026 results: EPS: JP¥41.99 (up from JP¥14.86 in 3Q 2025). Revenue: JP¥26.7b (up 14% from 3Q 2025). Net income: JP¥2.62b (up 183% from 3Q 2025). Profit margin: 9.8% (up from 4.0% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 16%. Earnings per share (EPS) also surpassed analyst estimates significantly. Revenue is forecast to grow 5.1% 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 34% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. New Risk • Feb 04
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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Feb 04
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to JP¥1,605, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 16x in the Electronic industry in Japan. Total returns to shareholders of 78% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,914 per share. Declared Dividend • Dec 02
First half dividend of JP¥30.00 announced Shareholders will receive a dividend of JP¥30.00. Ex-date: 30th March 2026 Payment date: 1st June 2026 Dividend yield will be 3.5%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (35% earnings payout ratio) and cash flows (29% cash payout ratio). The dividend has increased by an average of 9.1% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 2.7% over the next 3 years. However, it would need to fall by 61% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • Nov 14
Second quarter 2026 earnings: EPS and revenues exceed analyst expectations Second quarter 2026 results: EPS: JP¥28.76 (up from JP¥26.12 in 2Q 2025). Revenue: JP¥26.1b (up 9.8% from 2Q 2025). Net income: JP¥1.79b (up 10% from 2Q 2025). Profit margin: 6.9% (in line with 2Q 2025). Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) also surpassed analyst estimates by 9.4%. Revenue is forecast to grow 3.2% 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 31% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. New Risk • Sep 30
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.5% 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. This is currently the only risk that has been identified for the company. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥13.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 02 December 2025. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%). Reported Earnings • Aug 07
First quarter 2026 earnings released: JP¥6.41 loss per share (vs JP¥0.032 profit in 1Q 2025) First quarter 2026 results: JP¥6.41 loss per share (down from JP¥0.032 profit in 1Q 2025). Revenue: JP¥18.1b (up 8.5% from 1Q 2025). Net loss: JP¥400.0m (down JP¥402.0m from profit in 1Q 2025). Revenue is forecast to grow 3.5% 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 30% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Declared Dividend • Jul 09
Final dividend increased to JP¥13.00 Dividend of JP¥13.00 is 30% higher than last year. Ex-date: 29th September 2025 Payment date: 2nd December 2025 Dividend yield will be 4.3%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (29% earnings payout ratio) but not covered by cash flows (297% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 5.7% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Jun 19
Full year 2025 earnings released: EPS: JP¥136 (vs JP¥85.71 in FY 2024) Full year 2025 results: EPS: JP¥136 (up from JP¥85.71 in FY 2024). Revenue: JP¥106.9b (up 8.4% from FY 2024). Net income: JP¥8.50b (up 59% from FY 2024). Profit margin: 8.0% (up from 5.4% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 17
Full year 2025 earnings released: EPS: JP¥136 (vs JP¥85.71 in FY 2024) Full year 2025 results: EPS: JP¥136 (up from JP¥85.71 in FY 2024). Revenue: JP¥106.9b (up 8.4% from FY 2024). Net income: JP¥8.50b (up 59% from FY 2024). Profit margin: 8.0% (up from 5.4% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • May 13
Nippon Signal Co., Ltd., Annual General Meeting, Jun 20, 2025 Nippon Signal Co., Ltd., Annual General Meeting, Jun 20, 2025. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥21.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 02 June 2025. Payout ratio is a comfortable 29% and the cash payout ratio is 87%. Trailing yield: 3.4%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.7%). Reported Earnings • Feb 05
Third quarter 2025 earnings released: EPS: JP¥14.86 (vs JP¥2.37 in 3Q 2024) Third quarter 2025 results: EPS: JP¥14.86 (up from JP¥2.37 in 3Q 2024). Revenue: JP¥23.4b (up 2.1% from 3Q 2024). Net income: JP¥927.0m (up JP¥779.0m from 3Q 2024). Profit margin: 4.0% (up from 0.6% in 3Q 2024). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Declared Dividend • Dec 03
First half dividend of JP¥21.00 announced Shareholders will receive a dividend of JP¥21.00. Ex-date: 28th March 2025 Payment date: 2nd June 2025 Dividend yield will be 3.4%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (23% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 9.1% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend. Reported Earnings • Nov 07
Second quarter 2025 earnings released: EPS: JP¥26.12 (vs JP¥25.43 in 2Q 2024) Second quarter 2025 results: EPS: JP¥26.12 (up from JP¥25.43 in 2Q 2024). Revenue: JP¥23.7b (up 18% from 2Q 2024). Net income: JP¥1.63b (up 2.7% from 2Q 2024). Profit margin: 6.9% (down from 7.9% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 30% and the cash payout ratio is 95%. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.5%). Reported Earnings • Aug 08
First quarter 2025 earnings released: EPS: JP¥0.032 (vs JP¥17.11 loss in 1Q 2024) First quarter 2025 results: EPS: JP¥0.032 (up from JP¥17.11 loss in 1Q 2024). Revenue: JP¥16.7b (up 18% from 1Q 2024). Net income: JP¥2.00m (up JP¥1.07b from 1Q 2024). Profit margin: 0% (up from net loss in 1Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Declared Dividend • Jul 11
Final dividend increased to JP¥10.00 Dividend of JP¥10.00 is 43% higher than last year. Ex-date: 27th September 2024 Payment date: 2nd December 2024 Dividend yield will be 3.3%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (43% earnings payout ratio) and cash flows (68% cash payout ratio). The dividend has increased by an average of 9.1% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 1.1% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Jun 26
Full year 2024 earnings released: EPS: JP¥85.71 (vs JP¥65.34 in FY 2023) Full year 2024 results: EPS: JP¥85.71 (up from JP¥65.34 in FY 2023). Revenue: JP¥98.5b (up 15% from FY 2023). Net income: JP¥5.35b (up 31% from FY 2023). Profit margin: 5.4% (up from 4.8% in FY 2023). The increase in margin was driven by higher revenue. 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 4% per year, which means it is well ahead of earnings. Reported Earnings • May 18
Full year 2024 earnings released: EPS: JP¥85.71 (vs JP¥65.34 in FY 2023) Full year 2024 results: EPS: JP¥85.71 (up from JP¥65.34 in FY 2023). Revenue: JP¥98.5b (up 15% from FY 2023). Net income: JP¥5.35b (up 31% from FY 2023). Profit margin: 5.4% (up from 4.8% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has increased by 2% per year. Announcement • May 16
Nippon Signal Co., Ltd., Annual General Meeting, Jun 21, 2024 Nippon Signal Co., Ltd., Annual General Meeting, Jun 21, 2024. Announcement • Mar 30
Nippon Signal Co., Ltd. to Report Fiscal Year 2024 Results on May 14, 2024 Nippon Signal Co., Ltd. announced that they will report fiscal year 2024 results on May 14, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥22.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 03 June 2024. Payout ratio is a comfortable 43% but the company is not cash flow positive. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.4%). Announcement • Mar 21
Nippon Signal Co., Ltd. Revises Dividend Guidance for the Fiscal Year Ending March 31, 2024 Nippon Signal Co., Ltd. revised dividend guidance for the fiscal year ending March 31, 2024. For the year, the company now expects dividend of JPY 22.00 per share against Previous forecast of JPY 20.00 per share. Reported Earnings • Feb 08
Third quarter 2024 earnings released: EPS: JP¥2.37 (vs JP¥0.99 in 3Q 2023) Third quarter 2024 results: EPS: JP¥2.37 (up from JP¥0.99 in 3Q 2023). Revenue: JP¥22.9b (up 23% from 3Q 2023). Net income: JP¥148.0m (up 139% from 3Q 2023). Profit margin: 0.6% (up from 0.3% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • Nov 29
Nippon Signal Co., Ltd. to Report Q3, 2024 Results on Feb 06, 2024 Nippon Signal Co., Ltd. announced that they will report Q3, 2024 results on Feb 06, 2024 Reported Earnings • Nov 08
Second quarter 2024 earnings released: EPS: JP¥25.43 (vs JP¥20.51 in 2Q 2023) Second quarter 2024 results: EPS: JP¥25.43 (up from JP¥20.51 in 2Q 2023). Revenue: JP¥20.0b (down 4.9% from 2Q 2023). Net income: JP¥1.59b (up 24% from 2Q 2023). Profit margin: 7.9% (up from 6.1% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥7.00 per share at 2.8% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 01 December 2023. Payout ratio is a comfortable 47% but the company is not cash flow positive. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.4%). Announcement • Aug 31
Nippon Signal Co., Ltd. to Report Q2, 2024 Results on Nov 07, 2023 Nippon Signal Co., Ltd. announced that they will report Q2, 2024 results on Nov 07, 2023 Reported Earnings • Aug 10
First quarter 2024 earnings released: JP¥17.11 loss per share (vs JP¥8.85 loss in 1Q 2023) First quarter 2024 results: JP¥17.11 loss per share (further deteriorated from JP¥8.85 loss in 1Q 2023). Revenue: JP¥14.2b (up 1.2% from 1Q 2023). Net loss: JP¥1.07b (loss widened 93% from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Announcement • Jun 28
Nippon Signal Co., Ltd. to Report Q1, 2024 Results on Aug 08, 2023 Nippon Signal Co., Ltd. announced that they will report Q1, 2024 results on Aug 08, 2023 Reported Earnings • May 12
Full year 2023 earnings released: EPS: JP¥65.33 (vs JP¥72.20 in FY 2022) Full year 2023 results: EPS: JP¥65.33 (down from JP¥72.20 in FY 2022). Revenue: JP¥85.5b (flat on FY 2022). Net income: JP¥4.08b (down 9.5% from FY 2022). Profit margin: 4.8% (down from 5.3% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Announcement • May 11
Nippon Signal Co., Ltd., Annual General Meeting, Jun 23, 2023 Nippon Signal Co., Ltd., Annual General Meeting, Jun 23, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥20.00 per share at 2.6% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 05 June 2023. Payout ratio is a comfortable 40% but the company is not cash flow positive. Trailing yield: 2.6%. 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¥0.99 (vs JP¥1.60 in 3Q 2022) Third quarter 2023 results: EPS: JP¥0.99 (down from JP¥1.60 in 3Q 2022). Revenue: JP¥18.7b (down 3.9% from 3Q 2022). Net income: JP¥62.0m (down 38% from 3Q 2022). Profit margin: 0.3% (down from 0.5% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 20% 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 • Jan 09
Nippon Signal Co., Ltd. to Report Q3, 2023 Results on Feb 07, 2023 Nippon Signal Co., Ltd. announced that they will report Q3, 2023 results on Feb 07, 2023 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, 1 was an independent director. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Outside Director Yoshiyuki Murata was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Nov 10
Second quarter 2023 earnings released: EPS: JP¥20.51 (vs JP¥10.31 in 2Q 2022) Second quarter 2023 results: EPS: JP¥20.51 (up from JP¥10.31 in 2Q 2022). Revenue: JP¥21.1b (up 22% from 2Q 2022). Net income: JP¥1.28b (up 99% from 2Q 2022). Profit margin: 6.1% (up from 3.7% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Announcement • Nov 03
Nippon Signal Co., Ltd. to Report Q2, 2023 Results on Nov 08, 2022 Nippon Signal Co., Ltd. announced that they will report Q2, 2023 results on Nov 08, 2022 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥7.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 01 December 2022. Payout ratio is a comfortable 46% 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 (3.7%). Higher than average of industry peers (1.6%). Reported Earnings • Aug 11
First quarter 2023 earnings released: JP¥8.85 loss per share (vs JP¥4.89 profit in 1Q 2022) First quarter 2023 results: JP¥8.85 loss per share (down from JP¥4.89 profit in 1Q 2022). Revenue: JP¥14.0b (down 22% from 1Q 2022). Net loss: JP¥552.0m (down 281% from profit in 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Announcement • Jul 29
Nippon Signal Co., Ltd. to Report Q1, 2023 Results on Aug 09, 2022 Nippon Signal Co., Ltd. announced that they will report Q1, 2023 results on Aug 09, 2022 Reported Earnings • May 11
Full year 2022 earnings released: EPS: JP¥72.20 (vs JP¥78.82 in FY 2021) Full year 2022 results: EPS: JP¥72.20 (down from JP¥78.82 in FY 2021). Revenue: JP¥85.0b (down 8.3% from FY 2021). Net income: JP¥4.50b (down 8.4% from FY 2021). Profit margin: 5.3% (in line with FY 2021). Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 6% per year. Announcement • May 10
Nippon Signal Co., Ltd., Annual General Meeting, Jun 24, 2022 Nippon Signal Co., Ltd., Annual General Meeting, Jun 24, 2022. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 7 non-independent directors. Independent Director Yuriko Inoue was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 08
Nippon Signal Co., Ltd. to Report Fiscal Year 2022 Results on May 10, 2022 Nippon Signal Co., Ltd. announced that they will report fiscal year 2022 results on May 10, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 04 June 2022. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.3%). Reported Earnings • Feb 09
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥1.60 (down from JP¥7.86 in 3Q 2021). Revenue: JP¥19.4b (flat on 3Q 2021). Net income: JP¥100.0m (down 80% from 3Q 2021). Profit margin: 0.5% (down from 2.5% in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 4% per year. Reported Earnings • Nov 10
Second quarter 2022 earnings released: EPS JP¥10.31 (vs JP¥15.89 in 2Q 2021) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥17.3b (down 11% from 2Q 2021). Net income: JP¥643.0m (down 35% from 2Q 2021). Profit margin: 3.7% (down from 5.1% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has fallen by 1% per year. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥7.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 01 December 2021. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (1.0%). Reported Earnings • Aug 04
First quarter 2022 earnings released: EPS JP¥4.89 (vs JP¥5.98 in 1Q 2021) The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2022 results: Revenue: JP¥17.9b (up 14% from 1Q 2021). Net income: JP¥305.0m (down 18% from 1Q 2021). Profit margin: 1.7% (down from 2.4% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Reported Earnings • May 14
Full year 2021 earnings released: EPS JP¥78.82 (vs JP¥103 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥92.8b (down 17% from FY 2020). Net income: JP¥4.92b (down 25% from FY 2020). Profit margin: 5.3% (down from 5.9% in FY 2020). The decrease in margin was driven by lower revenue. 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 4% per year, which means it is significantly lagging earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥19.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 02 June 2021. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.1%). Is New 90 Day High Low • Feb 26
New 90-day low: JP¥923 The company is down 5.0% from its price of JP¥969 on 27 November 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 6.0% over the same period. Reported Earnings • Feb 11
Third quarter 2021 earnings released: EPS JP¥7.86 (vs JP¥11.65 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥19.4b (down 7.3% from 3Q 2020). Net income: JP¥490.0m (down 34% from 3Q 2020). Profit margin: 2.5% (down from 3.5% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Feb 08
New 90-day high: JP¥980 The company is up 3.0% from its price of JP¥955 on 10 November 2020. The Japanese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 15% over the same period. Announcement • Dec 05
Nippon Signal Co., Ltd. to Report Q3, 2021 Results on Feb 09, 2021 Nippon Signal Co., Ltd. announced that they will report Q3, 2021 results on Feb 09, 2021 Announcement • Sep 11
Nippon Signal Co., Ltd. to Report Q2, 2021 Results on Nov 10, 2020 Nippon Signal Co., Ltd. announced that they will report Q2, 2021 results on Nov 10, 2020