Upcoming Dividend • Mar 23
Upcoming dividend of JP¥245 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 25 June 2026. Payout ratio is a comfortable 55% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%). Announcement • Mar 06
Hirose Electric Co.,Ltd. to Report Fiscal Year 2026 Results on May 11, 2026 Hirose Electric Co.,Ltd. announced that they will report fiscal year 2026 results on May 11, 2026 Buy Or Sell Opportunity • Feb 19
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 24% to JP¥21,865. The fair value is estimated to be JP¥18,110, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.2% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 11% in 2 years. Earnings are forecast to grow by 20% in the next 2 years. Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to JP¥20,475, 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 32% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥18,041 per share. Reported Earnings • Feb 04
Third quarter 2026 earnings: EPS and revenues exceed analyst expectations Third quarter 2026 results: EPS: JP¥280 (down from JP¥297 in 3Q 2025). Revenue: JP¥54.5b (up 9.3% from 3Q 2025). Net income: JP¥9.29b (down 7.6% from 3Q 2025). Profit margin: 17% (down from 20% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.4%. Earnings per share (EPS) also surpassed analyst estimates by 15%. Revenue is forecast to grow 5.0% 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 remained flat but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Announcement • Dec 26
Hirose Electric Co.,Ltd. (TSE:6806) announces an Equity Buyback for 1,000,000 shares, representing 3.03% for ¥15,000 million. Hirose Electric Co.,Ltd. (TSE:6806) announces a share repurchase program. Under the program, the company will repurchase up to 1,000,000 shares, representing 3.03% of its share capital for ¥15,000 million. The company will repurchase its shares in order to increase the level of shareholder returns and improve capital efficiency as well as to enable a flexible capital policy in response to changes in the business environment. The program will be valid till July 31, 2026. As of November 30, 2025, the company has 33,029,971 shares outstanding (excluding treasury shares) and 2,663,998 shares in treasury. Announcement • Dec 02
Hirose Electric Co.,Ltd. to Report Q3, 2026 Results on Feb 03, 2026 Hirose Electric Co.,Ltd. announced that they will report Q3, 2026 results on Feb 03, 2026 Declared Dividend • Dec 02
First half dividend of JP¥245 announced Dividend of JP¥245 is the same as last year. Ex-date: 30th March 2026 Payment date: 25th June 2026 Dividend yield will be 2.9%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (53% earnings payout ratio) and cash flows (58% cash payout ratio). The dividend has increased by an average of 7.9% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 30% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥18,030, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 15x in the Electronic industry in Japan. Total returns to shareholders of 7.9% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥17,135 per share. Reported Earnings • Nov 06
Second quarter 2026 earnings: EPS misses analyst expectations Second quarter 2026 results: EPS: JP¥246 (down from JP¥270 in 2Q 2025). Revenue: JP¥53.1b (up 6.9% from 2Q 2025). Net income: JP¥8.30b (down 9.1% from 2Q 2025). Profit margin: 16% (down from 18% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.3%. Revenue is forecast to grow 5.0% p.a. on average during the next 3 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 fallen by 2% per year whereas the company’s share price has fallen by 1% per year. New Risk • Nov 05
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 5.7% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.7% average weekly change). Upcoming Dividend • Sep 22
Upcoming dividend of JP¥245 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 02 December 2025. Payout ratio is a comfortable 52% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%). Announcement • Sep 02
Hirose Electric Co.,Ltd. to Report Q2, 2026 Results on Nov 04, 2025 Hirose Electric Co.,Ltd. announced that they will report Q2, 2026 results on Nov 04, 2025 Reported Earnings • Aug 05
First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2026 results: EPS: JP¥214 (down from JP¥248 in 1Q 2025). Revenue: JP¥49.0b (up 9.1% from 1Q 2025). Net income: JP¥7.23b (down 14% from 1Q 2025). Profit margin: 15% (down from 19% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 5.3%. Earnings per share (EPS) missed analyst estimates by 2.6%. Revenue is forecast to grow 4.2% 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 3% per year whereas the company’s share price has fallen by 2% per year. Announcement • Aug 04
Hirose Electric Co.,Ltd. (TSE:6806) announces an Equity Buyback for 1,050,000 shares, representing 3.1% for ¥15,000 million. Hirose Electric Co.,Ltd. (TSE:6806) announces a share repurchase program. Under the program, the company will repurchase up to 1,050,000 shares, representing 3.10% of its share capital for ¥15,000 million. The company will repurchase its shares in order to increase the level of shareholder returns and improve capital efficiency as well as to enable a flexible capital policy in response to changes in the business environment. The program will be valid till March 31, 2026. As of June 30, 2025, the company has 33,835,588 shares outstanding (excluding treasury shares) and 1,858,381 shares in treasury. Announcement • Jul 28
Hirose Electric Co.,Ltd. (TSE:6806) acquired S.E.R. Corporation from Yukio Serizawa. Hirose Electric Co.,Ltd. (TSE:6806) acquired S.E.R. Corporation from Yukio Serizawa on July 28, 2025.
Hirose Electric Co.,Ltd. (TSE:6806) completed the acquisition of S.E.R. Corporation from Yukio Serizawa on July 28, 2025. Buy Or Sell Opportunity • Jul 23
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 15% to JP¥18,175. The fair value is estimated to be JP¥14,753, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 3.0%. For the next 3 years, revenue is forecast to grow by 4.4% per annum. Earnings are also forecast to grow by 4.2% per annum over the same time period. Declared Dividend • Jul 09
Final dividend of JP¥245 announced Shareholders will receive a dividend of JP¥245. Ex-date: 29th September 2025 Payment date: 2nd December 2025 Dividend yield will be 2.9%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (50% earnings payout ratio) and cash flows (56% cash payout ratio). The dividend has increased by an average of 7.9% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 16% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jun 29
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: JP¥976 (up from JP¥772 in FY 2024). Revenue: JP¥189.4b (up 14% from FY 2024). Net income: JP¥33.0b (up 25% from FY 2024). Profit margin: 17% (up from 16% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.8%. Revenue is forecast to grow 4.3% 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 3% per year whereas the company’s share price has fallen by 1% per year. Announcement • Jun 06
Hirose Electric Co.,Ltd. to Report Q1, 2026 Results on Aug 04, 2025 Hirose Electric Co.,Ltd. announced that they will report Q1, 2026 results on Aug 04, 2025 Buy Or Sell Opportunity • May 12
Now 22% overvalued Over the last 90 days, the stock has fallen 6.5% to JP¥16,880. The fair value is estimated to be JP¥13,880, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 3.0%. For the next 3 years, revenue is forecast to grow by 4.5% per annum. Earnings are also forecast to grow by 5.3% per annum over the same time period. Reported Earnings • May 10
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: JP¥976 (up from JP¥772 in FY 2024). Revenue: JP¥189.4b (up 14% from FY 2024). Net income: JP¥33.0b (up 25% from FY 2024). Profit margin: 17% (up from 16% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.8%. Revenue is forecast to grow 4.6% p.a. on average during the next 3 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 fallen by 3% per year whereas the company’s share price has fallen by 1% per year. Announcement • May 09
Hirose Electric Co.,Ltd., Annual General Meeting, Jun 24, 2025 Hirose Electric Co.,Ltd., Annual General Meeting, Jun 24, 2025. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥245 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 24 June 2025. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.7%). Announcement • Mar 04
Hirose Electric Co.,Ltd. to Report Fiscal Year 2025 Results on May 09, 2025 Hirose Electric Co.,Ltd. announced that they will report fiscal year 2025 results on May 09, 2025 Reported Earnings • Feb 04
Third quarter 2025 earnings: EPS and revenues exceed analyst expectations Third quarter 2025 results: EPS: JP¥297 (up from JP¥236 in 3Q 2024). Revenue: JP¥49.9b (up 18% from 3Q 2024). Net income: JP¥10.1b (up 24% from 3Q 2024). Profit margin: 20% (in line with 3Q 2024). Revenue exceeded analyst estimates by 6.5%. Earnings per share (EPS) also surpassed analyst estimates by 27%. Revenue is forecast to grow 5.0% 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 2% per year whereas the company’s share price has increased by 2% per year. Announcement • Dec 06
Hirose Electric Co.,Ltd. to Report Q3, 2025 Results on Feb 03, 2025 Hirose Electric Co.,Ltd. announced that they will report Q3, 2025 results on Feb 03, 2025 Declared Dividend • Dec 03
First half dividend of JP¥245 announced Shareholders will receive a dividend of JP¥245. Ex-date: 28th March 2025 Payment date: 24th June 2025 Dividend yield will be 2.7%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (24% earnings payout ratio) and cash flows (78% cash payout ratio). The dividend has increased by an average of 8.3% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 22% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 03
Second quarter 2025 earnings: EPS and revenues exceed analyst expectations Second quarter 2025 results: EPS: JP¥270 (up from JP¥191 in 2Q 2024). Revenue: JP¥49.6b (up 17% from 2Q 2024). Net income: JP¥9.13b (up 39% from 2Q 2024). Profit margin: 18% (up from 16% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 7.0%. Earnings per share (EPS) also surpassed analyst estimates by 34%. Revenue is forecast to grow 5.6% 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 fallen by 1% per year whereas the company’s share price has fallen by 2% per year. Buy Or Sell Opportunity • Oct 08
Now 23% undervalued The stock has been flat over the last 90 days, currently trading at JP¥18,845. The fair value is estimated to be JP¥24,396, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.9% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 15% in 2 years. Earnings are forecast to grow by 21% in the next 2 years. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥245 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 52% and the cash payout ratio is 88%. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.5%). Buy Or Sell Opportunity • Sep 04
Now 20% undervalued Over the last 90 days, the stock has risen 7.2% to JP¥18,845. The fair value is estimated to be JP¥23,703, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.9% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 15% in 2 years. Earnings are forecast to grow by 20% in the next 2 years. Announcement • Aug 27
Hirose Electric Co.,Ltd. to Report Q2, 2025 Results on Nov 01, 2024 Hirose Electric Co.,Ltd. announced that they will report Q2, 2025 results on Nov 01, 2024 Reported Earnings • Aug 03
First quarter 2025 earnings: EPS and revenues exceed analyst expectations First quarter 2025 results: EPS: JP¥248 (up from JP¥175 in 1Q 2024). Revenue: JP¥44.9b (up 11% from 1Q 2024). Net income: JP¥8.40b (up 40% from 1Q 2024). Profit margin: 19% (up from 15% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 7.6%. Earnings per share (EPS) also surpassed analyst estimates by 20%. Revenue is forecast to grow 6.4% 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 2% per year whereas the company’s share price has increased by 1% per year. Price Target Changed • Jul 16
Price target increased by 8.7% to JP¥20,404 Up from JP¥18,768, the current price target is an average from 13 analysts. New target price is approximately in line with last closing price of JP¥19,480. Stock is up 5.6% over the past year. The company is forecast to post earnings per share of JP¥851 for next year compared to JP¥772 last year. Declared Dividend • Jul 11
Final dividend of JP¥245 announced Shareholders will receive a dividend of JP¥245. Ex-date: 27th September 2024 Payment date: 2nd December 2024 Dividend yield will be 2.4%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (57% earnings payout ratio) but not covered by cash flows (184% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 36% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 02
Hirose Electric Co.,Ltd. to Report Q1, 2025 Results on Aug 01, 2024 Hirose Electric Co.,Ltd. announced that they will report Q1, 2025 results on Aug 01, 2024 Buy Or Sell Opportunity • May 23
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 10% to JP¥17,685. The fair value is estimated to be JP¥14,505, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.5% over the last 3 years. Earnings per share has grown by 7.6%. For the next 3 years, revenue is forecast to grow by 5.1% per annum. Earnings are also forecast to grow by 8.3% per annum over the same time period. Announcement • May 09
Hirose Electric Co.,Ltd., Annual General Meeting, Jun 21, 2024 Hirose Electric Co.,Ltd., Annual General Meeting, Jun 21, 2024. Reported Earnings • May 08
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: JP¥772 (down from JP¥1,002 in FY 2023). Revenue: JP¥165.5b (down 9.7% from FY 2023). Net income: JP¥26.5b (down 24% from FY 2023). Profit margin: 16% (down from 19% in FY 2023). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) also surpassed analyst estimates by 1.2%. 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 increased by 8% per year and the company’s share price has also increased by 8% per year. Buy Or Sell Opportunity • May 08
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 13% to JP¥18,605. The fair value is estimated to be JP¥15,383, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.6% over the last 3 years. Earnings per share has grown by 14%. For the next 3 years, revenue is forecast to grow by 4.5% per annum. Earnings are also forecast to grow by 7.7% per annum over the same time period. Buy Or Sell Opportunity • Apr 24
Now 22% overvalued Over the last 90 days, the stock has fallen 4.2% to JP¥16,910. The fair value is estimated to be JP¥13,818, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.6% over the last 3 years. Earnings per share has grown by 14%. Revenue is forecast to grow by 6.8% in 2 years. Earnings are forecast to grow by 17% in the next 2 years. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥220 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 26 June 2024. Payout ratio is a comfortable 66% but the company is paying out more than the cash it is generating. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.4%). Buy Or Sell Opportunity • Mar 21
Now 21% overvalued Over the last 90 days, the stock has fallen 3.4% to JP¥15,550. The fair value is estimated to be JP¥12,799, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.6% over the last 3 years. Earnings per share has grown by 14%. Revenue is forecast to grow by 9.0% in 2 years. Earnings are forecast to grow by 21% in the next 2 years. Announcement • Mar 07
Hirose Electric Co.,Ltd. to Report Fiscal Year 2024 Results on May 07, 2024 Hirose Electric Co.,Ltd. announced that they will report fiscal year 2024 results on May 07, 2024 Reported Earnings • Feb 03
Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2024 results: EPS: JP¥236 (down from JP¥250 in 3Q 2023). Revenue: JP¥42.3b (down 11% from 3Q 2023). Net income: JP¥8.12b (down 5.5% from 3Q 2023). Profit margin: 19% (up from 18% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) exceeded analyst estimates by 9.6%. Revenue is forecast to grow 5.4% 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 14% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Feb 01
Hirose Electric Co.,Ltd. Revises Consolidated Earnings Guidance for the Full Year of Fiscal Year Ending March 31, 2024 Hirose Electric Co.,Ltd. revised consolidated earnings guidance for the full year of fiscal year ending March 31, 2024. For the full year, the company expects revised sales revenue of JPY 162,000 million, operating profit of JPY 33,000 million, profit attributable to owners of the parent of JPY 26,000 million and basic earnings per share of JPY 757.73 compared to previously expected sales revenue of JPY 172,000 million, operating profit of JPY 38,500 million, profit attributable to owners of the parent of JPY 29,000 million and basic earnings per share of JPY 842.25. Announcement • Dec 09
Hirose Electric Co.,Ltd. to Report Q3, 2024 Results on Feb 01, 2024 Hirose Electric Co.,Ltd. announced that they will report Q3, 2024 results on Feb 01, 2024 Reported Earnings • Nov 02
Second quarter 2024 earnings: EPS misses analyst expectations Second quarter 2024 results: EPS: JP¥191 (down from JP¥307 in 2Q 2023). Revenue: JP¥42.5b (down 12% from 2Q 2023). Net income: JP¥6.58b (down 38% from 2Q 2023). Profit margin: 16% (down from 22% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 18%. Revenue is forecast to grow 4.6% 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 increased by 22% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥250 per share at 2.8% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 01 December 2023. Payout ratio is a comfortable 56% and the cash payout ratio is 89%. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.4%). Announcement • Aug 31
Hirose Electric Co.,Ltd. to Report Q2, 2024 Results on Nov 01, 2023 Hirose Electric Co.,Ltd. announced that they will report Q2, 2024 results on Nov 01, 2023 Reported Earnings • Aug 02
First quarter 2024 earnings: EPS and revenues miss analyst expectations First quarter 2024 results: EPS: JP¥175 (down from JP¥287 in 1Q 2023). Revenue: JP¥40.5b (down 13% from 1Q 2023). Net income: JP¥6.02b (down 40% from 1Q 2023). Profit margin: 15% (down from 22% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 4.1%. Earnings per share (EPS) also missed analyst estimates by 13%. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Announcement • Jun 03
Hirose Electric Co.,Ltd. to Report Q1, 2024 Results on Aug 01, 2023 Hirose Electric Co.,Ltd. announced that they will report Q1, 2024 results on Aug 01, 2023 Reported Earnings • May 10
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: JP¥1,002 (up from JP¥885 in FY 2022). Revenue: JP¥183.2b (up 12% from FY 2022). Net income: JP¥34.6b (up 10% from FY 2022). Profit margin: 19% (in line with FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.3%. Revenue is forecast to grow 2.3% p.a. on average during the next 3 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 35% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Announcement • May 09
Hirose Electric Co.,Ltd., Annual General Meeting, Jun 23, 2023 Hirose Electric Co.,Ltd., Annual General Meeting, Jun 23, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥220 per share at 2.6% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 26 June 2023. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%). Reported Earnings • Feb 02
Third quarter 2023 earnings: EPS misses analyst expectations Third quarter 2023 results: EPS: JP¥250 (down from JP¥254 in 3Q 2022). Revenue: JP¥47.5b (up 11% from 3Q 2022). Net income: JP¥8.59b (down 4.4% from 3Q 2022). Profit margin: 18% (down from 21% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.4%. Revenue is forecast to stay flat 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 37% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Dec 14
Hirose Electric Co.,Ltd. to Report Q3, 2023 Results on Feb 01, 2023 Hirose Electric Co.,Ltd. announced that they will report Q3, 2023 results on Feb 01, 2023 Reported Earnings • Nov 18
Second quarter 2023 earnings: EPS exceeds analyst expectations Second quarter 2023 results: EPS: JP¥308 (up from JP¥229 in 2Q 2022). Revenue: JP¥48.1b (up 18% from 2Q 2022). Net income: JP¥10.6b (up 31% from 2Q 2022). Profit margin: 22% (up from 20% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.7%. Revenue is forecast to stay flat 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 35% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 05
Second quarter 2023 earnings: EPS exceeds analyst expectations Second quarter 2023 results: EPS: JP¥308 (up from JP¥229 in 2Q 2022). Revenue: JP¥48.1b (up 18% from 2Q 2022). Net income: JP¥10.6b (up 31% from 2Q 2022). Profit margin: 22% (up from 20% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.7%. Revenue is forecast to stay flat 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 35% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥220 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 01 December 2022. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.6%). 
