Board Change • Jul 02
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Audit & Supervisory Board Member Takafumi Kiyonaga was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Jun 19
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥6,000, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 17x in the Electronic industry in Japan. Total returns to shareholders of 276% over the past three years. Announcement • Jun 06
Yokowo Co., Ltd. to Report Q1, 2027 Results on Aug 06, 2026 Yokowo Co., Ltd. announced that they will report Q1, 2027 results on Aug 06, 2026 Reported Earnings • May 15
Full year 2026 earnings: EPS and revenues exceed analyst expectations Full year 2026 results: EPS: JP¥167 (up from JP¥95.54 in FY 2025). Revenue: JP¥90.1b (up 8.7% from FY 2025). Net income: JP¥3.89b (up 75% from FY 2025). Profit margin: 4.3% (up from 2.7% in FY 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 30%. Revenue is forecast to grow 4.2% p.a. on average during the next 2 years, compared to a 7.9% growth forecast for the Electronic 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 increased by 46% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 13
Yokowo Co., Ltd., Annual General Meeting, Jun 26, 2026 Yokowo Co., Ltd., Annual General Meeting, Jun 26, 2026. Valuation Update With 7 Day Price Move • May 13
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to JP¥5,170, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 17x in the Electronic industry in Japan. Total returns to shareholders of 225% over the past three years. Valuation Update With 7 Day Price Move • Apr 24
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥4,610, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 17x in the Electronic industry in Japan. Total returns to shareholders of 151% over the past three years. Announcement • Apr 14
Yokowo Co., Ltd. to Report Fiscal Year 2026 Results on May 13, 2026 Yokowo Co., Ltd. announced that they will report fiscal year 2026 results at 12:00 PM, Tokyo Standard Time on May 13, 2026 Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥3,635, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 16x in the Electronic industry in Japan. Total returns to shareholders of 97% over the past three years. Announcement • Mar 30
YOKOWO CO., LTD. Announces Audit & Supervisory Board Retirements, Effective June 26, 2026 YOKOWO CO., LTD. announced retirement of Kenji Kamachi as Internal Audit & Supervisory Board Member and Toshiaki Tochigi as Outside Audit & Supervisory Board Member, effective June 26, 2026. Reason of change: The Company nominates persons with abundant experience and deep insight in corporate management, legal affairs, accounting, finance and taxation as candidates for Audit & Supervisory Board Member to further strengthen the audit function. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥27.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 29 June 2026. Payout ratio is a comfortable 56% 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%). Valuation Update With 7 Day Price Move • Feb 25
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to JP¥3,735, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 17x in the Electronic industry in Japan. Total returns to shareholders of 104% over the past three years. Reported Earnings • Feb 11
Third quarter 2026 earnings released: EPS: JP¥44.14 (vs JP¥85.02 in 3Q 2025) Third quarter 2026 results: EPS: JP¥44.14 (down from JP¥85.02 in 3Q 2025). Revenue: JP¥23.4b (up 11% from 3Q 2025). Net income: JP¥1.03b (down 48% from 3Q 2025). Profit margin: 4.4% (down from 9.4% in 3Q 2025). Revenue is forecast to grow 5.0% 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 fallen by 16% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to JP¥2,596, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 16x in the Electronic industry in Japan. Total returns to shareholders of 40% over the past three years. Declared Dividend • Dec 11
First half dividend of JP¥25.00 announced Shareholders will receive a dividend of JP¥25.00. Ex-date: 30th March 2026 Payment date: 29th June 2026 Dividend yield will be 2.2%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (38% earnings payout ratio) and cash flows (49% cash payout ratio). The dividend has increased by an average of 14% 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 51% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Dec 02
Yokowo Co., Ltd. to Report Q3, 2026 Results on Feb 10, 2026 Yokowo Co., Ltd. announced that they will report Q3, 2026 results on Feb 10, 2026 Reported Earnings • Nov 14
Second quarter 2026 earnings released: EPS: JP¥43.42 (vs JP¥49.47 loss in 2Q 2025) Second quarter 2026 results: EPS: JP¥43.42 (up from JP¥49.47 loss in 2Q 2025). Revenue: JP¥21.7b (up 8.7% from 2Q 2025). Net income: JP¥1.01b (up JP¥2.17b from 2Q 2025). Profit margin: 4.7% (up from net loss in 2Q 2025). The move to profitability was primarily driven by higher revenue. Revenue is forecast to grow 6.2% 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 fallen by 40% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. 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 8.0% 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 (8.0% average weekly change). Minor Risks Dividend is not well covered by earnings (137% payout ratio). Profit margins are more than 30% lower than last year (1.0% net profit margin). Valuation Update With 7 Day Price Move • Oct 30
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to JP¥1,879, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 16x in the Electronic industry in Japan. Negligible returns to shareholders over past three years. Announcement • Oct 28
Yokowo Co., Ltd. announced that it expects to receive ¥2 million in funding Yokowo Co., Ltd announced a private placement to issue common shares for aggregate gross proceeds of ¥2,000,000 on October 27, 2025. The transaction will include participation from a subsidiary of Chunghwa Precision Test Technology Co., Ltd. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥24.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 10 December 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%). Announcement • Sep 14
Yokowo Co., Ltd. to Report Q2, 2026 Results on Nov 11, 2025 Yokowo Co., Ltd. announced that they will report Q2, 2026 results on Nov 11, 2025 Price Target Changed • Aug 30
Price target increased by 9.8% to JP¥2,800 Up from JP¥2,550, the current price target is provided by 1 analyst. New target price is 98% above last closing price of JP¥1,413. Stock is down 15% over the past year. The company is forecast to post earnings per share of JP¥81.50 for next year compared to JP¥95.54 last year. Major Estimate Revision • Aug 16
Consensus EPS estimates fall by 16% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from JP¥89.0b to JP¥86.7b. EPS estimate also fell from JP¥187 per share to JP¥157 per share. Net income forecast to grow 394% next year vs 17% growth forecast for Electronic industry in Japan. Consensus price target of JP¥2,450 unchanged from last update. Share price was steady at JP¥1,395 over the past week. Board Change • Aug 14
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Outside Director Heather Montgomery was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. New Risk • Aug 08
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: 1.0% Last year net profit margin: 3.0% 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: Minor Risks Dividend is not well covered by earnings (137% payout ratio). Share price has been volatile over the past 3 months (5.3% average weekly change). Profit margins are more than 30% lower than last year (1.0% net profit margin). Reported Earnings • Aug 08
First quarter 2026 earnings released: EPS: JP¥13.73 (vs JP¥74.13 in 1Q 2025) First quarter 2026 results: EPS: JP¥13.73 (down from JP¥74.13 in 1Q 2025). Revenue: JP¥21.0b (flat on 1Q 2025). Net income: JP¥320.0m (down 82% from 1Q 2025). Profit margin: 1.5% (down from 8.3% in 1Q 2025). Revenue is forecast to grow 4.9% 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 fallen by 56% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. New Risk • Jul 17
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 0% Dividend yield: 3.3% 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 Shares are highly illiquid. Minor Risk Dividend is not well covered by cash flows (0% cash payout ratio). Declared Dividend • Jul 09
Final dividend of JP¥24.00 announced Shareholders will receive a dividend of JP¥24.00. Ex-date: 29th September 2025 Payment date: 10th December 2025 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 (35% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has increased by an average of 13% 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 92% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jun 30
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: JP¥95.54 (up from JP¥64.82 in FY 2024). Revenue: JP¥82.9b (up 7.8% from FY 2024). Net income: JP¥2.23b (up 47% from FY 2024). Profit margin: 2.7% (up from 2.0% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 17%. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Announcement • Jun 06
Yokowo Co., Ltd. to Report Q1, 2026 Results on Aug 06, 2025 Yokowo Co., Ltd. announced that they will report Q1, 2026 results on Aug 06, 2025 Reported Earnings • May 21
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: JP¥95.54 (up from JP¥64.82 in FY 2024). Revenue: JP¥82.9b (up 7.8% from FY 2024). Net income: JP¥2.23b (up 47% from FY 2024). Profit margin: 2.7% (up from 2.0% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 17%. Revenue is forecast to grow 4.6% 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 fallen by 50% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Announcement • May 15
Yokowo Co., Ltd., Annual General Meeting, Jun 26, 2025 Yokowo Co., Ltd., Annual General Meeting, Jun 26, 2025. New Risk • Apr 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.8% 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 • Apr 04
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥1,176, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 11x in the Electronic industry in Japan. Total loss to shareholders of 44% over the past three years. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥24.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 30 June 2025. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.7%). Announcement • Mar 04
Yokowo Co., Ltd. to Report Fiscal Year 2025 Results on May 15, 2025 Yokowo Co., Ltd. announced that they will report fiscal year 2025 results on May 15, 2025 Reported Earnings • Feb 14
Third quarter 2025 earnings released: EPS: JP¥85.02 (vs JP¥0.21 in 3Q 2024) Third quarter 2025 results: EPS: JP¥85.02 (up from JP¥0.21 in 3Q 2024). Revenue: JP¥21.0b (up 3.5% from 3Q 2024). Net income: JP¥1.98b (up JP¥1.98b from 3Q 2024). Profit margin: 9.4% (up from 0% in 3Q 2024). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 4.9% 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 fallen by 51% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Declared Dividend • Dec 11
First half dividend of JP¥24.00 announced Shareholders will receive a dividend of JP¥24.00. Ex-date: 28th March 2025 Payment date: 30th June 2025 Dividend yield will be 2.8%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is not adequately covered by earnings (95% earnings payout ratio). However, it is covered by cash flows (53% cash payout ratio). The dividend has increased by an average of 18% 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. The company's earnings per share (EPS) would need to grow by 5.6% to bring the payout ratio under control. EPS is expected to grow by 123% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Announcement • Dec 06
Yokowo Co., Ltd. to Report Q3, 2025 Results on Feb 12, 2025 Yokowo Co., Ltd. announced that they will report Q3, 2025 results on Feb 12, 2025 Reported Earnings • Nov 10
Second quarter 2025 earnings released: JP¥49.46 loss per share (vs JP¥5.58 profit in 2Q 2024) Second quarter 2025 results: JP¥49.46 loss per share (down from JP¥5.58 profit in 2Q 2024). Revenue: JP¥19.9b (up 7.1% from 2Q 2024). Net loss: JP¥1.15b (down JP¥1.28b from profit in 2Q 2024). Revenue is forecast to grow 4.7% 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 53% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥24.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 11 December 2024. Payout ratio is a comfortable 43% but the company is paying out more than the cash it is generating. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.5%). Announcement • Sep 13
Yokowo Co., Ltd. to Report Q2, 2025 Results on Nov 08, 2024 Yokowo Co., Ltd. announced that they will report Q2, 2025 results on Nov 08, 2024 Reported Earnings • Aug 09
First quarter 2025 earnings released: EPS: JP¥74.13 (vs JP¥35.52 in 1Q 2024) First quarter 2025 results: EPS: JP¥74.13 (up from JP¥35.52 in 1Q 2024). Revenue: JP¥20.9b (up 15% from 1Q 2024). Net income: JP¥1.73b (up 109% from 1Q 2024). Profit margin: 8.3% (up from 4.6% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.9% 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 fallen by 46% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to JP¥1,482, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 12x in the Electronic industry in Japan. Total loss to shareholders of 38% over the past three years. Declared Dividend • Jul 11
Final dividend of JP¥24.00 announced Shareholders will receive a dividend of JP¥24.00. Ex-date: 27th September 2024 Payment date: 11th December 2024 Dividend yield will be 2.2%, 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. The dividend is also not covered by cash flows (dividend approximately 27x free cash flows). The dividend has increased by an average of 18% 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. Price Target Changed • Jul 08
Price target increased by 18% to JP¥2,550 Up from JP¥2,167, the current price target is an average from 3 analysts. New target price is 25% above last closing price of JP¥2,037. Stock is up 10% over the past year. The company is forecast to post earnings per share of JP¥127 for next year compared to JP¥64.82 last year. New Risk • Jun 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 5.5% 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 Risk Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Dividend per share is over 25x cash flows per share. Minor Risks Share price has been volatile over the past 3 months (5.5% average weekly change). Profit margins are more than 30% lower than last year (2.0% net profit margin). Major Estimate Revision • Jun 06
Consensus EPS estimates fall by 25% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from JP¥164 to JP¥122 per share. Revenue forecast steady at JP¥82.5b. Net income forecast to grow 90% next year vs 13% growth forecast for Electronic industry in Japan. Consensus price target broadly unchanged at JP¥2,200. Share price rose 3.1% to JP¥2,091 over the past week. Announcement • Jun 02
Yokowo Co., Ltd. to Report Q1, 2025 Results on Aug 08, 2024 Yokowo Co., Ltd. announced that they will report Q1, 2025 results on Aug 08, 2024 Valuation Update With 7 Day Price Move • May 21
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥2,002, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 14x in the Electronic industry in Japan. Total loss to shareholders of 6.5% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥3,343 per share. Reported Earnings • May 18
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: JP¥64.82 (down from JP¥135 in FY 2023). Revenue: JP¥76.9b (down 1.4% from FY 2023). Net income: JP¥1.51b (down 52% from FY 2023). Profit margin: 2.0% (down from 4.0% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 8.8%. Revenue is forecast to grow 5.3% 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 fallen by 42% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Announcement • May 16
Yokowo Co., Ltd., Annual General Meeting, Jun 27, 2024 Yokowo Co., Ltd., Annual General Meeting, Jun 27, 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: 01 July 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.4%). Announcement • Mar 03
Yokowo Co., Ltd. to Report Fiscal Year 2024 Results on May 14, 2024 Yokowo Co., Ltd. announced that they will report fiscal year 2024 results on May 14, 2024 Reported Earnings • Feb 10
Third quarter 2024 earnings released: EPS: JP¥0.21 (vs JP¥10.42 in 3Q 2023) Third quarter 2024 results: EPS: JP¥0.21 (down from JP¥10.42 in 3Q 2023). Revenue: JP¥20.3b (up 1.2% from 3Q 2023). Net income: JP¥5.00m (down 98% from 3Q 2023). Profit margin: 0% (down from 1.2% in 3Q 2023). Revenue is forecast to grow 5.6% 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 fallen by 31% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Feb 08
Now 31% overvalued after recent price rise Over the last 90 days, the stock has risen 16% to JP¥1,565. The fair value is estimated to be JP¥1,193, 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. Meanwhile, the company became loss making. Price Target Changed • Dec 11
Price target decreased by 18% to JP¥1,700 Down from JP¥2,067, the current price target is an average from 3 analysts. New target price is 16% above last closing price of JP¥1,466. Stock is down 40% over the past year. The company is forecast to post earnings per share of JP¥42.07 for next year compared to JP¥135 last year. Announcement • Dec 10
Yokowo Co., Ltd. to Report Q3, 2024 Results on Feb 08, 2024 Yokowo Co., Ltd. announced that they will report Q3, 2024 results on Feb 08, 2024 Reported Earnings • Nov 11
Second quarter 2024 earnings: EPS and revenues exceed analyst expectations Second quarter 2024 results: EPS: JP¥5.58 (down from JP¥92.15 in 2Q 2023). Revenue: JP¥18.6b (down 13% from 2Q 2023). Net income: JP¥130.0m (down 94% from 2Q 2023). Profit margin: 0.7% (down from 10% in 2Q 2023). Revenue exceeded analyst estimates by 5.1%. Earnings per share (EPS) also surpassed analyst estimates by 108%. Revenue is forecast to grow 5.8% 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 fallen by 13% per year whereas the company’s share price has fallen by 18% per year. Buying Opportunity • Oct 19
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 26%. The fair value is estimated to be JP¥1,728, 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 5.0%. For the next 3 years, revenue is forecast to grow by 4.5% per annum. Earnings is also forecast to grow by 36% per annum over the same time period. Announcement • Sep 28
Yokowo Co., Ltd. to Report Q2, 2024 Results on Nov 10, 2023 Yokowo Co., Ltd. announced that they will report Q2, 2024 results on Nov 10, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of JP¥22.00 per share at 2.7% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 12 December 2023. Payout ratio is a comfortable 53% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.4%). Major Estimate Revision • Sep 10
Consensus EPS estimates fall by 30% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from JP¥76.4b to JP¥73.6b. EPS estimate also fell from JP¥102 per share to JP¥71.65 per share. Net income forecast to grow 29% next year vs 5.3% growth forecast for Electronic industry in Japan. Consensus price target of JP¥2,067 unchanged from last update. Share price was steady at JP¥1,671 over the past week. Major Estimate Revision • Sep 07
Consensus EPS estimates fall by 15% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from JP¥76.4b to JP¥74.9b. EPS estimate also fell from JP¥130 per share to JP¥111 per share. Net income forecast to grow 55% next year vs 6.0% growth forecast for Electronic industry in Japan. Consensus price target of JP¥2,067 unchanged from last update. Share price was steady at JP¥1,671 over the past week. Major Estimate Revision • Aug 14
Consensus EPS estimates increase by 37%, revenue downgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from JP¥77.5b to JP¥76.4b. EPS estimate rose from JP¥94.50 to JP¥130. Net income forecast to grow 79% next year vs 6.4% growth forecast for Electronic industry in Japan. Consensus price target down from JP¥2,750 to JP¥2,067. Share price was steady at JP¥1,796 over the past week. Reported Earnings • Aug 08
First quarter 2024 earnings released: EPS: JP¥35.52 (vs JP¥87.13 in 1Q 2023) First quarter 2024 results: EPS: JP¥35.52 (down from JP¥87.13 in 1Q 2023). Revenue: JP¥18.2b (down 3.9% from 1Q 2023). Net income: JP¥828.0m (down 59% from 1Q 2023). Profit margin: 4.6% (down from 11% in 1Q 2023). Revenue is forecast to grow 4.9% 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 5% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Price Target Changed • Aug 08
Price target decreased by 8.1% to JP¥2,633 Down from JP¥2,867, the current price target is an average from 3 analysts. New target price is 45% above last closing price of JP¥1,818. Stock is down 13% over the past year. The company is forecast to post earnings per share of JP¥147 for next year compared to JP¥135 last year. Announcement • Jun 29
Yokowo Co., Ltd. to Report Q1, 2024 Results on Aug 07, 2023 Yokowo Co., Ltd. announced that they will report Q1, 2024 results at 12:00 PM, Tokyo Standard Time on Aug 07, 2023 Major Estimate Revision • Jun 09
Consensus EPS estimates increase by 13% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from JP¥83.90 to JP¥94.50. Revenue forecast steady at JP¥77.5b. Net income forecast to shrink 29% next year vs 4.0% growth forecast for Electronic industry in Japan . Consensus price target of JP¥2,750 unchanged from last update. Share price was steady at JP¥1,708 over the past week. Reported Earnings • May 14
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: JP¥135 (down from JP¥202 in FY 2022). Revenue: JP¥78.0b (up 17% from FY 2022). Net income: JP¥3.15b (down 33% from FY 2022). Profit margin: 4.0% (down from 7.0% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 24%. Revenue is forecast to grow 4.0% 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 15% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Major Estimate Revision • Apr 20
Consensus EPS estimates fall by 13% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from JP¥203 to JP¥177 per share. Revenue forecast steady at JP¥77.4b. Net income forecast to shrink 26% next year vs 5.8% growth forecast for Electronic industry in Japan . Consensus price target down from JP¥2,867 to JP¥2,633. Share price was steady at JP¥1,996 over the past week. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥25.00 per share at 2.2% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 29 June 2023. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%). Major Estimate Revision • Mar 10
Consensus EPS estimates fall by 16% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from JP¥241 to JP¥203 per share. Revenue forecast steady at JP¥77.7b. Net income forecast to shrink 19% next year vs 5.1% growth forecast for Electronic industry in Japan . Consensus price target of JP¥2,867 unchanged from last update. Share price rose 2.5% to JP¥2,025 over the past week.