Valuation Update With 7 Day Price Move • Apr 30
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥3,145, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 17x in the Electronic industry in Japan. Total returns to shareholders of 249% over the past three years. Buy Or Sell Opportunity • Apr 28
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 25% to JP¥3,150. The fair value is estimated to be JP¥2,600, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 15%. Revenue is forecast to grow by 13% in 2 years. Earnings are forecast to grow by 22% in the next 2 years. New Risk • Apr 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Declared Dividend • Mar 04
First half dividend of JP¥50.00 announced Shareholders will receive a dividend of JP¥50.00. Ex-date: 29th June 2026 Payment date: 29th September 2026 Dividend yield will be 3.4%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (21% earnings payout ratio) and cash flows (43% cash payout ratio). The dividend has increased by an average of 25% 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 grow by 31% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 10
Second quarter 2026 earnings released: EPS: JP¥71.18 (vs JP¥50.45 in 2Q 2025) Second quarter 2026 results: EPS: JP¥71.18 (up from JP¥50.45 in 2Q 2025). Revenue: JP¥10.1b (up 23% from 2Q 2025). Net income: JP¥1.02b (up 41% from 2Q 2025). Profit margin: 10% (up from 8.8% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Jan 23
Now 21% undervalued Over the last 90 days, the stock has risen 9.2% to JP¥2,449. The fair value is estimated to be JP¥3,082, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 11%. Revenue is forecast to grow by 13% in 2 years. Earnings are forecast to grow by 22% in the next 2 years. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥44.00 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 04 March 2026. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%). Announcement • Dec 04
Suzuki Co.,Ltd. to Report Q2, 2026 Results on Feb 09, 2026 Suzuki Co.,Ltd. announced that they will report Q2, 2026 results on Feb 09, 2026 Reported Earnings • Nov 17
First quarter 2026 earnings released: EPS: JP¥60.41 (vs JP¥54.16 in 1Q 2025) First quarter 2026 results: EPS: JP¥60.41 (up from JP¥54.16 in 1Q 2025). Revenue: JP¥9.18b (up 15% from 1Q 2025). Net income: JP¥867.0m (up 12% from 1Q 2025). Profit margin: 9.4% (in line with 1Q 2025). Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Nov 06
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 15% to JP¥2,131. The fair value is estimated to be JP¥1,757, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 9.4%. For the next 3 years, revenue is forecast to grow by 6.2% per annum. Earnings are also forecast to grow by 6.9% per annum over the same time period. Declared Dividend • Oct 06
Final dividend of JP¥44.00 announced Shareholders will receive a dividend of JP¥44.00. Ex-date: 29th December 2025 Payment date: 4th March 2026 Dividend yield will be 4.0%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (43% earnings payout ratio) and cash flows (48% cash payout ratio). The dividend has increased by an average of 23% 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 grow by 22% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Oct 02
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 22% to JP¥2,146. The fair value is estimated to be JP¥1,775, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 9.4%. For the next 3 years, revenue is forecast to grow by 6.2% per annum. Earnings are also forecast to grow by 6.9% per annum over the same time period. Buy Or Sell Opportunity • Sep 11
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 27% to JP¥2,169. The fair value is estimated to be JP¥1,776, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 9.4%. For the next 3 years, revenue is forecast to grow by 6.2% per annum. Earnings are also forecast to grow by 6.9% per annum over the same time period. Announcement • Sep 02
Suzuki Co.,Ltd. to Report Q1, 2026 Results on Nov 13, 2025 Suzuki Co.,Ltd. announced that they will report Q1, 2026 results on Nov 13, 2025 Reported Earnings • Aug 09
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: JP¥192 (up from JP¥158 in FY 2024). Revenue: JP¥33.3b (up 20% from FY 2024). Net income: JP¥2.76b (up 22% from FY 2024). Profit margin: 8.3% (up from 8.2% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) also surpassed analyst estimates by 2.3%. Revenue is forecast to grow 2.5% p.a. on average during the next 2 years, compared to a 6.2% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 08
Suzuki Co.,Ltd., Annual General Meeting, Sep 26, 2025 Suzuki Co.,Ltd., Annual General Meeting, Sep 26, 2025. Upcoming Dividend • Jun 20
Upcoming dividend of JP¥45.00 per share Eligible shareholders must have bought the stock before 27 June 2025. Payment date: 30 September 2025. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 4.5%. Within top quartile of Japanese dividend payers (4.0%). Higher than average of industry peers (1.9%). Announcement • Jun 03
Suzuki Co.,Ltd. to Report Fiscal Year 2025 Results on Aug 08, 2025 Suzuki Co.,Ltd. announced that they will report fiscal year 2025 results on Aug 08, 2025 Reported Earnings • May 19
Third quarter 2025 earnings released: EPS: JP¥37.83 (vs JP¥29.97 in 3Q 2024) Third quarter 2025 results: EPS: JP¥37.83 (up from JP¥29.97 in 3Q 2024). Revenue: JP¥8.29b (up 18% from 3Q 2024). Net income: JP¥543.0m (up 26% from 3Q 2024). Profit margin: 6.6% (up from 6.1% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥1,476, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 11x in the Electronic industry in Japan. Total returns to shareholders of 121% over the past three years. Announcement • Mar 28
Suzuki Co.,Ltd. to Report Q3, 2025 Results on May 14, 2025 Suzuki Co.,Ltd. announced that they will report Q3, 2025 results on May 14, 2025 Declared Dividend • Mar 05
First half dividend of JP¥40.00 announced Shareholders will receive a dividend of JP¥40.00. Ex-date: 27th June 2025 Payment date: 30th September 2025 Dividend yield will be 4.8%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (45% earnings payout ratio) and cash flows (73% cash payout ratio). The dividend has increased by an average of 22% 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 grow by 35% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 12
Second quarter 2025 earnings released: EPS: JP¥50.45 (vs JP¥33.89 in 2Q 2024) Second quarter 2025 results: EPS: JP¥50.45 (up from JP¥33.89 in 2Q 2024). Revenue: JP¥8.24b (up 23% from 2Q 2024). Net income: JP¥724.0m (up 49% from 2Q 2024). Profit margin: 8.8% (up from 7.2% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Dec 03
Suzuki Co.,Ltd. to Report Q2, 2025 Results on Feb 11, 2025 Suzuki Co.,Ltd. announced that they will report Q2, 2025 results on Feb 11, 2025 Reported Earnings • Nov 14
First quarter 2025 earnings released: EPS: JP¥54.16 (vs JP¥38.09 in 1Q 2024) First quarter 2025 results: EPS: JP¥54.16 (up from JP¥38.09 in 1Q 2024). Revenue: JP¥8.01b (up 25% from 1Q 2024). Net income: JP¥777.0m (up 42% from 1Q 2024). Profit margin: 9.7% (up from 8.5% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Nov 07
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 8.3% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. Reported Earnings • Oct 03
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: JP¥158 (up from JP¥136 in FY 2023). Revenue: JP¥27.7b (up 5.1% from FY 2023). Net income: JP¥2.27b (up 16% from FY 2023). Profit margin: 8.2% (up from 7.4% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.5%. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 24% per year, which means it is well ahead of earnings. Announcement • Sep 04
Suzuki Co.,Ltd. to Report Q1, 2025 Results on Nov 11, 2024 Suzuki Co.,Ltd. announced that they will report Q1, 2025 results on Nov 11, 2024 Reported Earnings • Aug 13
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: JP¥158 (up from JP¥136 in FY 2023). Revenue: JP¥27.7b (up 5.1% from FY 2023). Net income: JP¥2.27b (up 16% from FY 2023). Profit margin: 8.2% (up from 7.4% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.5%. Revenue is forecast to grow 7.1% p.a. on average during the next 2 years, compared to a 7.1% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 24% per year, which means it is well ahead of earnings. New Risk • Aug 09
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 9.1% 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. Announcement • Aug 08
Suzuki Co.,Ltd., Annual General Meeting, Sep 27, 2024 Suzuki Co.,Ltd., Annual General Meeting, Sep 27, 2024. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to JP¥1,152, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 12x in the Electronic industry in Japan. Total returns to shareholders of 37% over the past three years. Announcement • Jun 28
Suzuki Co.,Ltd. to Report Fiscal Year 2024 Results on Aug 09, 2024 Suzuki Co.,Ltd. announced that they will report fiscal year 2024 results on Aug 09, 2024 Upcoming Dividend • Jun 20
Upcoming dividend of JP¥46.00 per share Eligible shareholders must have bought the stock before 27 June 2024. Payment date: 29 September 2024. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.4%). Reported Earnings • May 20
Third quarter 2024 earnings released: EPS: JP¥29.97 (vs JP¥15.31 in 3Q 2023) Third quarter 2024 results: EPS: JP¥29.97 (up from JP¥15.31 in 3Q 2023). Revenue: JP¥7.05b (up 12% from 3Q 2023). Net income: JP¥430.0m (up 96% from 3Q 2023). Profit margin: 6.1% (up from 3.5% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 10% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 24
Suzuki Co.,Ltd. to Report Q3, 2024 Results on May 14, 2024 Suzuki Co.,Ltd. announced that they will report Q3, 2024 results on May 14, 2024 Declared Dividend • Feb 10
Dividend of JP¥46.00 announced Shareholders will receive a dividend of JP¥46.00. Ex-date: 27th June 2024 Payment date: 29th September 2024 Dividend yield will be 3.9%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (21% earnings payout ratio) and cash flows (83% cash payout ratio). The dividend has increased by an average of 15% 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 grow by 64% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Nov 27
Suzuki Co.,Ltd. to Report Q2, 2024 Results on Feb 08, 2024 Suzuki Co.,Ltd. announced that they will report Q2, 2024 results on Feb 08, 2024 Reported Earnings • Nov 11
First quarter 2024 earnings released: EPS: JP¥38.09 (vs JP¥46.55 in 1Q 2023) First quarter 2024 results: EPS: JP¥38.09 (down from JP¥46.55 in 1Q 2023). Revenue: JP¥6.39b (down 2.4% from 1Q 2023). Net income: JP¥546.0m (down 18% from 1Q 2023). Profit margin: 8.5% (down from 10% in 1Q 2023). Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 9% per year and the company’s share price has also increased by 9% per year. Announcement • Aug 27
Suzuki Co.,Ltd. to Report Q1, 2024 Results on Nov 10, 2023 Suzuki Co.,Ltd. announced that they will report Q1, 2024 results on Nov 10, 2023 Valuation Update With 7 Day Price Move • Aug 17
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to JP¥1,097, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 12x in the Electronic industry in Japan. Total returns to shareholders of 71% over the past three years. New Risk • Aug 15
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 6.3% 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. Reported Earnings • Aug 12
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: JP¥136 (down from JP¥145 in FY 2022). Revenue: JP¥26.4b (up 13% from FY 2022). Net income: JP¥1.96b (down 6.3% from FY 2022). Profit margin: 7.4% (down from 8.9% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 9.7%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 6.6% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Jul 12
Suzuki Co.,Ltd., Annual General Meeting, Sep 28, 2023 Suzuki Co.,Ltd., Annual General Meeting, Sep 28, 2023. Upcoming Dividend • Jun 22
Upcoming dividend of JP¥30.00 per share at 2.5% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 30 September 2023. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.4%). Announcement • Jun 03
Suzuki Co.,Ltd. to Report Fiscal Year 2023 Results on Aug 10, 2023 Suzuki Co.,Ltd. announced that they will report fiscal year 2023 results on Aug 10, 2023 Reported Earnings • May 19
Third quarter 2023 earnings released: EPS: JP¥15.31 (vs JP¥38.20 in 3Q 2022) Third quarter 2023 results: EPS: JP¥15.31 (down from JP¥38.20 in 3Q 2022). Revenue: JP¥6.29b (up 9.2% from 3Q 2022). Net income: JP¥220.0m (down 60% from 3Q 2022). Profit margin: 3.5% (down from 9.5% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 17% 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 18
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥865, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 12x in the Electronic industry in Japan. Total returns to shareholders of 20% over the past three years. Buying Opportunity • May 16
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 6.3%. The fair value is estimated to be JP¥1,167, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.6% over the last 3 years. Earnings per share has grown by 20%. Revenue is forecast to grow by 35% in 2 years. Earnings is forecast to grow by 18% in the next 2 years. Reported Earnings • Feb 12
Second quarter 2023 earnings released: EPS: JP¥42.77 (vs JP¥34.73 in 2Q 2022) Second quarter 2023 results: EPS: JP¥42.77 (up from JP¥34.73 in 2Q 2022). Revenue: JP¥7.11b (up 24% from 2Q 2022). Net income: JP¥615.0m (up 23% from 2Q 2022). Profit margin: 8.7% (in line with 2Q 2022). 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 20% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Nov 27
Suzuki Co.,Ltd. to Report Q2, 2023 Results on Feb 09, 2023 Suzuki Co.,Ltd. announced that they will report Q2, 2023 results on Feb 09, 2023 Reported Earnings • Nov 16
First quarter 2023 earnings released: EPS: JP¥46.55 (vs JP¥29.42 in 1Q 2022) First quarter 2023 results: EPS: JP¥46.55 (up from JP¥29.42 in 1Q 2022). Revenue: JP¥6.55b (up 9.3% from 1Q 2022). Net income: JP¥669.0m (up 58% from 1Q 2022). Profit margin: 10% (up from 7.1% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% 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 23% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Outside Director Kumiko Hinokuma was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 11
First quarter 2023 earnings released: EPS: JP¥46.55 (vs JP¥29.42 in 1Q 2022) First quarter 2023 results: EPS: JP¥46.55 (up from JP¥29.42 in 1Q 2022). Revenue: JP¥6.55b (up 9.3% from 1Q 2022). Net income: JP¥669.0m (up 58% from 1Q 2022). Profit margin: 10% (up from 7.1% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% 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 23% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Aug 28
Suzuki Co.,Ltd. to Report Q1, 2023 Results on Nov 09, 2022 Suzuki Co.,Ltd. announced that they will report Q1, 2023 results on Nov 09, 2022 Reported Earnings • Aug 11
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: JP¥145 (up from JP¥142 in FY 2021). Revenue: JP¥23.4b (down 28% from FY 2021). Net income: JP¥2.09b (up 1.8% from FY 2021). Profit margin: 8.9% (up from 6.3% in FY 2021). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.4%. Over the next year, revenue is forecast to grow 11%, compared to a 9.6% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Announcement • Jul 20
Suzuki Co.,Ltd., Annual General Meeting, Sep 29, 2022 Suzuki Co.,Ltd., Annual General Meeting, Sep 29, 2022. Upcoming Dividend • Jun 22
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 29 June 2022. Payment date: 27 September 2022. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.6%). Announcement • Jun 03
Suzuki Co.,Ltd. to Report Fiscal Year 2022 Results on Aug 09, 2022 Suzuki Co.,Ltd. announced that they will report fiscal year 2022 results on Aug 09, 2022 Reported Earnings • May 15
Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2022 results: EPS: JP¥38.20 (down from JP¥39.52 in 3Q 2021). Revenue: JP¥5.76b (down 31% from 3Q 2021). Net income: JP¥549.0m (down 3.5% from 3Q 2021). Profit margin: 9.5% (up from 6.8% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 4.1%. Earnings per share (EPS) exceeded analyst estimates by 9.4%. Over the next year, revenue is forecast to grow 1.2%, compared to a 8.2% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 2 highly experienced directors. 2 independent directors (5 non-independent directors). Independent Outside Director Mitsuhiro Matsumoto was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Feb 27
Suzuki Co.,Ltd. to Report Q3, 2022 Results on May 13, 2022 Suzuki Co.,Ltd. announced that they will report Q3, 2022 results on May 13, 2022 Reported Earnings • Feb 13
Second quarter 2022 earnings: EPS exceeds analyst expectations Second quarter 2022 results: EPS: JP¥34.73 (up from JP¥29.60 in 2Q 2021). Revenue: JP¥5.74b (down 34% from 2Q 2021). Net income: JP¥499.0m (up 17% from 2Q 2021). Profit margin: 8.7% (up from 4.9% in 2Q 2021). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 9.4%. Over the next year, revenue is expected to shrink by 11% compared to a 7.5% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 10
First quarter 2022 earnings released: EPS JP¥29.42 (vs JP¥42.61 in 1Q 2021) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥6.00b (down 18% from 1Q 2021). Net income: JP¥423.0m (down 31% from 1Q 2021). Profit margin: 7.1% (down from 8.4% in 1Q 2021). The decrease in margin was driven by lower revenue. 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 11% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 12
Full year 2021 earnings released: EPS JP¥142 (vs JP¥85.92 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥32.7b (up 16% from FY 2020). Net income: JP¥2.05b (up 66% from FY 2020). Profit margin: 6.3% (up from 4.4% 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 24% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Aug 11
Suzuki Co.,Ltd. (TSE:6785) announces an Equity Buyback for 40,000 shares, representing 0.28% for ¥45 million. Suzuki Co.,Ltd. (TSE:6785) announces a share repurchase program. Under the program, the company will repurchase up to 40,000 shares, representing 0.28% of its issued share capital for ¥45 million. The purpose of the program is to carry out agile capital policies in response to changes in the business environment. The program is valid till August 31, 2021. As of June 30, 2021, the company had 14,399,825 shares issued (excluding treasury stock) and 4,575 shares in treasury. Upcoming Dividend • Jun 24
Upcoming dividend of JP¥11.00 per share Eligible shareholders must have bought the stock before 29 June 2021. Payment date: 28 September 2021. Trailing yield: 1.1%. Lower than top quartile of Japanese dividend payers (3.0%). In line with average of industry peers (1.2%). Reported Earnings • May 16
Third quarter 2021 earnings released: EPS JP¥39.52 (vs JP¥32.05 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥8.33b (up 13% from 3Q 2020). Net income: JP¥569.0m (up 23% from 3Q 2020). Profit margin: 6.8% (up from 6.2% 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 11% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • May 14
Investor sentiment deteriorated over the past week After last week's 15% share price decline to JP¥1,017, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 15x in the Electronic industry in Japan. Negligible returns to shareholders over past three years. Announcement • Feb 28
Suzuki Co.,Ltd. to Report Q3, 2021 Results on May 13, 2021 Suzuki Co.,Ltd. announced that they will report Q3, 2021 results on May 13, 2021 Reported Earnings • Feb 10
Second quarter 2021 earnings released: EPS JP¥29.60 (vs JP¥46.30 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: JP¥8.63b (up 17% from 2Q 2020). Net income: JP¥426.0m (down 36% from 2Q 2020). Profit margin: 4.9% (down from 9.1% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 1% per year. Is New 90 Day High Low • Jan 13
New 90-day high: JP¥1,256 The company is up 85% from its price of JP¥678 on 15 October 2020. The Japanese market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 21% over the same period. Is New 90 Day High Low • Dec 23
New 90-day high: JP¥1,168 The company is up 72% from its price of JP¥680 on 24 September 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 15% over the same period. Valuation Update With 7 Day Price Move • Dec 14
Investor sentiment improved over the past week After last week's 19% share price gain to JP¥1,144, the stock is trading at a trailing P/E ratio of 9.6x, up from the previous P/E ratio of 8.1x. This compares to an average P/E of 19x in the Electronic industry in Japan. Total returns to shareholders over the past three years are 6.5%. Is New 90 Day High Low • Dec 01
New 90-day high: JP¥925 The company is up 37% from its price of JP¥673 on 02 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 20% over the same period. Announcement • Nov 29
Suzuki Co.,Ltd. to Report Q2, 2021 Results on Feb 08, 2021 Suzuki Co.,Ltd. announced that they will report Q2, 2021 results on Feb 08, 2021 Announcement • Sep 04
Suzuki Co.,Ltd. to Report Q1, 2021 Results on Nov 10, 2020 Suzuki Co.,Ltd. announced that they will report Q1, 2021 results on Nov 10, 2020