Buy Or Sell Opportunity • May 05
Now 24% undervalued Over the last 90 days, the stock has risen 111% to JP¥29,740. The fair value is estimated to be JP¥39,234, however this is not to be taken as a buy 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 28%. Revenue is forecast to grow by 42% in 2 years. Earnings are forecast to grow by 76% in the next 2 years. Announcement • Apr 21
Meiko Electronics Co., Ltd. to Report Fiscal Year 2026 Results on May 13, 2026 Meiko Electronics Co., Ltd. announced that they will report fiscal year 2026 results on May 13, 2026 Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to JP¥29,370, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 17x in the Electronic industry in Japan. Total returns to shareholders of 992% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥41,706 per share. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥70.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 12 June 2026. Payout ratio is a comfortable 14% but the company is not cash flow positive. Trailing yield: 0.4%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (1.6%). Price Target Changed • Feb 20
Price target increased by 35% to JP¥14,733 Up from JP¥10,900, the current price target is an average from 3 analysts. New target price is 32% below last closing price of JP¥21,510. Stock is up 175% over the past year. The company is forecast to post earnings per share of JP¥763 for next year compared to JP¥569 last year. Valuation Update With 7 Day Price Move • Feb 16
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to JP¥20,240, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 16x in the Electronic industry in Japan. Total returns to shareholders of 668% over the past three years. Reported Earnings • Feb 07
Third quarter 2026 earnings released: EPS: JP¥216 (vs JP¥249 in 3Q 2025) Third quarter 2026 results: EPS: JP¥216 (down from JP¥249 in 3Q 2025). Revenue: JP¥60.5b (up 13% from 3Q 2025). Net income: JP¥5.54b (down 13% from 3Q 2025). Profit margin: 9.2% (down from 12% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% 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 28% per year but the company’s share price has increased by 66% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to JP¥11,220, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 16x in the Electronic industry in Japan. Total returns to shareholders of 299% over the past three years. Declared Dividend • Nov 29
First half dividend of JP¥45.00 announced Shareholders will receive a dividend of JP¥45.00. Ex-date: 30th March 2026 Payment date: 12th June 2026 Dividend yield will be 0.8%, which is lower than the industry average of 1.4%. Reported Earnings • Nov 08
Second quarter 2026 earnings released: EPS: JP¥219 (vs JP¥122 in 2Q 2025) Second quarter 2026 results: EPS: JP¥219 (up from JP¥122 in 2Q 2025). Revenue: JP¥58.4b (up 14% from 2Q 2025). Net income: JP¥5.62b (up 80% from 2Q 2025). Profit margin: 9.6% (up from 6.1% in 2Q 2025). 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 6.7% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 25
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to JP¥9,410, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 14x in the Electronic industry in Japan. Total returns to shareholders of 210% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥6,101 per share. Reported Earnings • Aug 08
First quarter 2026 earnings released: EPS: JP¥147 (vs JP¥119 in 1Q 2025) First quarter 2026 results: EPS: JP¥147 (up from JP¥119 in 1Q 2025). Revenue: JP¥53.1b (up 13% from 1Q 2025). Net income: JP¥3.77b (up 24% from 1Q 2025). Profit margin: 7.1% (up from 6.5% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 10% 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 12% 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 • Jul 28
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 21% to JP¥7,400. The fair value is estimated to be JP¥6,152, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.1% over the last 3 years. Earnings per share has grown by 7.0%. For the next 3 years, revenue is forecast to grow by 10% per annum. Earnings are also forecast to grow by 12% per annum over the same time period. Declared Dividend • Jul 09
Final dividend of JP¥45.00 announced Shareholders will receive a dividend of JP¥45.00. Ex-date: 29th September 2025 Payment date: 1st December 2025 Dividend yield will be 1.4%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (13% 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 32% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to grow by 39% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Price Target Changed • Jun 13
Price target decreased by 8.1% to JP¥8,500 Down from JP¥9,250, the current price target is an average from 4 analysts. New target price is 36% above last closing price of JP¥6,260. Stock is down 17% over the past year. The company is forecast to post earnings per share of JP¥646 for next year compared to JP¥569 last year. Valuation Update With 7 Day Price Move • May 20
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥6,090, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 12x in the Electronic industry in Japan. Total returns to shareholders of 46% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥10,299 per share. Reported Earnings • May 15
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: EPS: JP¥582 (up from JP¥429 in FY 2024). Revenue: JP¥206.8b (up 15% from FY 2024). Net income: JP¥14.9b (up 36% from FY 2024). Profit margin: 7.2% (up from 6.1% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) missed analyst estimates by 9.7%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 6.3% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 13
Meiko Electronics Co., Ltd., Annual General Meeting, Jun 26, 2025 Meiko Electronics Co., Ltd., Annual General Meeting, Jun 26, 2025. New Risk • Apr 04
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 7.6% 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 Risk Share price has been highly volatile over the past 3 months (7.6% average weekly change). Minor Risk High level of debt (52% net debt to equity). Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥6,130, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 11x in the Electronic industry in Japan. Total returns to shareholders of 61% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥10,038 per share. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 12 June 2025. Payout ratio is a comfortable 13% 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 (1.7%). Price Target Changed • Feb 27
Price target increased by 11% to JP¥10,733 Up from JP¥9,650, the current price target is an average from 3 analysts. New target price is 42% above last closing price of JP¥7,540. Stock is up 54% over the past year. The company is forecast to post earnings per share of JP¥620 for next year compared to JP¥429 last year. Buy Or Sell Opportunity • Feb 21
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 12% to JP¥7,820. The fair value is estimated to be JP¥9,787, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.0% over the last 3 years. Earnings per share has grown by 2.8%. Revenue is forecast to grow by 29% in 2 years. Earnings are forecast to grow by 34% in the next 2 years. Reported Earnings • Feb 07
Third quarter 2025 earnings released: EPS: JP¥249 (vs JP¥92.68 in 3Q 2024) Third quarter 2025 results: EPS: JP¥249 (up from JP¥92.68 in 3Q 2024). Revenue: JP¥53.6b (up 13% from 3Q 2024). Net income: JP¥6.38b (up 169% from 3Q 2024). Profit margin: 12% (up from 5.0% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 06
Meiko Electronics Co., Ltd. to Report Q3, 2025 Results on Feb 06, 2025 Meiko Electronics Co., Ltd. announced that they will report Q3, 2025 results on Feb 06, 2025 Buy Or Sell Opportunity • Jan 27
Now 21% undervalued Over the last 90 days, the stock has risen 41% to JP¥8,560. The fair value is estimated to be JP¥10,797, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.6% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 29% in 2 years. Earnings are forecast to grow by 68% in the next 2 years. Buy Or Sell Opportunity • Jan 08
Now 20% undervalued Over the last 90 days, the stock has risen 49% to JP¥8,640. The fair value is estimated to be JP¥10,842, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.6% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 27% in 2 years. Earnings are forecast to grow by 67% in the next 2 years. Declared Dividend • Nov 30
First half dividend of JP¥40.00 announced Shareholders will receive a dividend of JP¥40.00. Ex-date: 28th March 2025 Payment date: 12th June 2025 Dividend yield will be 0.9%, which is lower than the industry average of 1.4%. Payout Ratios Payout ratio: 17%. Cash payout ratio: 54%. Buy Or Sell Opportunity • Nov 21
Now 21% undervalued Over the last 90 days, the stock has risen 57% to JP¥8,630. The fair value is estimated to be JP¥10,888, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.6% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 25% in 2 years. Earnings are forecast to grow by 48% in the next 2 years. Major Estimate Revision • Nov 16
Consensus EPS estimates increase by 22%, revenue downgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from JP¥203.5b to JP¥199.0b. EPS estimate rose from JP¥509 to JP¥624. Net income forecast to grow 33% next year vs 14% growth forecast for Electronic industry in Japan. Consensus price target up from JP¥7,300 to JP¥8,175. Share price rose 13% to JP¥8,610 over the past week. Valuation Update With 7 Day Price Move • Nov 14
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to JP¥8,080, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 12x in the Electronic industry in Japan. Total returns to shareholders of 113% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥9,121 per share. Reported Earnings • Nov 08
Second quarter 2025 earnings released: EPS: JP¥128 (vs JP¥112 in 2Q 2024) Second quarter 2025 results: EPS: JP¥128 (up from JP¥112 in 2Q 2024). Revenue: JP¥51.1b (up 15% from 2Q 2024). Net income: JP¥3.28b (up 14% from 2Q 2024). Profit margin: 6.4% (down from 6.5% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥36.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 15% but the company is paying out more than the cash it is generating. Trailing yield: 1.2%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (1.5%). Valuation Update With 7 Day Price Move • Sep 02
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥6,330, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 12x in the Electronic industry in Japan. Total returns to shareholders of 126% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥8,679 per share. Reported Earnings • Aug 08
First quarter 2025 earnings released: EPS: JP¥119 (vs JP¥85.17 in 1Q 2024) First quarter 2025 results: EPS: JP¥119 (up from JP¥85.17 in 1Q 2024). Revenue: JP¥47.0b (up 13% from 1Q 2024). Net income: JP¥3.05b (up 40% from 1Q 2024). Profit margin: 6.5% (up from 5.3% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% 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 16% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 29% After last week's 29% share price decline to JP¥4,380, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 12x in the Electronic industry in Japan. Total returns to shareholders of 59% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥8,754 per share. Buy Or Sell Opportunity • Jul 25
Now 24% undervalued Over the last 90 days, the stock has risen 18% to JP¥5,950. The fair value is estimated to be JP¥7,880, 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 6.2%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 15% per annum over the same time period. Declared Dividend • Jul 11
Final dividend of JP¥36.00 announced Shareholders will receive a dividend of JP¥36.00. Ex-date: 27th September 2024 Payment date: 2nd December 2024 Dividend yield will be 1.0%, which is lower than the industry average of 1.4%. Payout Ratios Payout ratio: 16%. Cash payout ratio: 110%. Major Estimate Revision • May 18
Consensus EPS estimates increase by 12% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from JP¥432 to JP¥486. Revenue forecast steady at JP¥197.5b. Net income forecast to grow 8.4% next year vs 12% growth forecast for Electronic industry in Japan. Consensus price target up from JP¥4,467 to JP¥5,300. Share price rose 31% to JP¥6,730 over the past week. Valuation Update With 7 Day Price Move • May 17
Investor sentiment improves as stock rises 31% After last week's 31% share price gain to JP¥6,730, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 14x in the Electronic industry in Japan. Total returns to shareholders of 151% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥6,967 per share. Reported Earnings • May 12
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: JP¥441 (up from JP¥339 in FY 2023). Revenue: JP¥179.5b (up 7.3% from FY 2023). Net income: JP¥11.3b (up 30% from FY 2023). Profit margin: 6.3% (up from 5.2% 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 9.0%. Revenue is forecast to grow 9.0% p.a. on average during the next 2 years, compared to a 7.1% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 11
Meiko Electronics Co., Ltd. Announces Dividend for the Fiscal Year Ended March 31, 2024, Effective June 12, 2024 Meiko Electronics Co., Ltd. has resolved at the Board of Directors held on May 10, 2024 to pay JPY 41.00 per share at the year-end dividend for the fiscal year ended March 31, 2024 as compared to paid dividend of JPY 28.00 per share a year ago. Record date is March 31, 2024; Effective date is June 12, 2024. Announcement • Mar 21
Meiko Electronics Co., Ltd. Announces Executive Changes, Effective April 1, 2024 Meiko Electronics Co., Ltd. announced that effective April 1, 2024, it will implement the following changes to its executive officers. Masayuki Honda's designation has been changed from Executive Officer, Finance Headquarters and General Manager to Executive Officer, Office of the President & CEO and General Manager. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 13 June 2024. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (1.4%). Price Target Changed • Mar 15
Price target increased by 21% to JP¥4,467 Up from JP¥3,700, the current price target is an average from 3 analysts. New target price is 11% below last closing price of JP¥5,010. Stock is up 79% over the past year. The company is forecast to post earnings per share of JP¥393 for next year compared to JP¥339 last year. Announcement • Mar 08
Meiko Electronics Co., Ltd., Annual General Meeting, Jun 26, 2024 Meiko Electronics Co., Ltd., Annual General Meeting, Jun 26, 2024. Buy Or Sell Opportunity • Feb 19
Now 21% undervalued Over the last 90 days, the stock has risen 6.3% to JP¥4,410. The fair value is estimated to be JP¥5,563, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 21% in 2 years. Earnings are forecast to grow by 26% in the next 2 years. Announcement • Feb 09
Meiko Electronics Co., Ltd. Revises Year-End Dividend Guidance Meiko Electronics Co., Ltd. announced the following revisions to the dividend forecast released on November 6, 2023. It has decided to revise its year-end dividend forecast from JPY 28 per share to JPY 30 per share, making the annual dividend JPY 57 per share in accordance with its policy. Reported Earnings • Feb 08
Third quarter 2024 earnings released: EPS: JP¥102 (vs JP¥24.76 in 3Q 2023) Third quarter 2024 results: EPS: JP¥102 (up from JP¥24.76 in 3Q 2023). Revenue: JP¥47.3b (up 8.7% from 3Q 2023). Net income: JP¥2.61b (up 312% from 3Q 2023). Profit margin: 5.5% (up from 1.5% 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 7.0% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Major Estimate Revision • Nov 30
Consensus EPS estimates increase by 11% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from JP¥326 to JP¥363. Revenue forecast unchanged at JP¥175.0b. Net income forecast to grow 25% next year vs 9.3% growth forecast for Electronic industry in Japan. Consensus price target of JP¥3,700 unchanged from last update. Share price rose 5.7% to JP¥4,355 over the past week. Announcement • Nov 18
Meiko Electronics Co., Ltd. Revises Earnings Guidance for the Year Ending March 31, 2024 Meiko Electronics Co., Ltd. revised earnings guidance for the year ending March 31, 2024. For the year, the company revises net sales of JPY 173,000 million compared to previous forecast of JPY 165,000 million. Operating income of JPY 10,000 million compared to previous forecast of JPY 9,000 million. Net income attributable to owners of parent of JPY 9,300 million compared to previous forecast of JPY 6,200 million. Net income per share of JPY 350.33 compared to previous forecast of JPY 229.48. Announcement • Nov 17
Meiko Electronics Co., Ltd. Revises Interim Dividend, Effective November 30, 2023; Revises Year End Dividend Guidance Meiko Electronics Co., Ltd. announced that it should return profits to its shareholders in an appropriate manner in accordance with its business performance. It has decided to revise its interim dividend from JPY 25 per share to JPY 27 per share. Record date is September 30, 2023. Effective date is November 30, 2023.The company also decided to revise the year-end dividend forecast from JPY 25 per share to JPY 28 per share. 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 7.9% 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 Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (7.9% average weekly change). Minor Risk Profit margins are more than 30% lower than last year (4.4% net profit margin).