Announcement • Jun 23
Japan Aviation Electronics Industry, Limited to Report Q1, 2027 Results on Jul 29, 2026 Japan Aviation Electronics Industry, Limited announced that they will report Q1, 2027 results on Jul 29, 2026 New Risk • Apr 28
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.0% 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: Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (3.1% net profit margin). Reported Earnings • Apr 25
Full year 2026 earnings: EPS misses analyst expectations Full year 2026 results: EPS: JP¥105 (down from JP¥172 in FY 2025). Revenue: JP¥227.9b (up 2.8% from FY 2025). Net income: JP¥7.07b (down 39% from FY 2025). Profit margin: 3.1% (down from 5.2% in FY 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 12%. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Announcement • Apr 24
Japan Aviation Electronics Industry, Limited, Annual General Meeting, Jun 24, 2026 Japan Aviation Electronics Industry, Limited, Annual General Meeting, Jun 24, 2026. Announcement • Apr 21
Japan Aviation Electronics Industry, Limited to Report Fiscal Year 2026 Results on Apr 24, 2026 Japan Aviation Electronics Industry, Limited announced that they will report fiscal year 2026 results on Apr 24, 2026 Buy Or Sell Opportunity • Apr 09
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.6% to JP¥2,428. The fair value is estimated to be JP¥3,044, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.6% over the last 3 years. Earnings per share has declined by 6.5%. Revenue is forecast to grow by 8.1% in 2 years. Earnings are forecast to grow by 52% in the next 2 years. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 03 June 2026. Payout ratio is a comfortable 54% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%). Reported Earnings • Jan 29
Third quarter 2026 earnings: EPS misses analyst expectations Third quarter 2026 results: EPS: JP¥21.26 (down from JP¥31.00 in 3Q 2025). Revenue: JP¥56.3b (up 6.3% from 3Q 2025). Net income: JP¥1.43b (down 31% from 3Q 2025). Profit margin: 2.5% (down from 3.9% in 3Q 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 29%. Revenue is forecast to grow 4.0% 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 6% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Announcement • Dec 26
Japan Aviation Electronics Industry, Limited to Report Q3, 2026 Results on Jan 28, 2026 Japan Aviation Electronics Industry, Limited announced that they will report Q3, 2026 results on Jan 28, 2026 Declared Dividend • Dec 03
First half dividend of JP¥30.00 announced Dividend of JP¥30.00 is the same as last year. Ex-date: 30th March 2026 Payment date: 3rd June 2026 Dividend yield will be 2.4%, 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 (48% cash payout ratio). The dividend has increased by an average of 12% 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 69% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Major Estimate Revision • Dec 02
Consensus EPS estimates fall by 11% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from JP¥158 to JP¥141 per share. Revenue forecast steady at JP¥225.3b. Net income forecast to grow 36% next year vs 11% growth forecast for Electronic industry in Japan. Consensus price target down from JP¥2,628 to JP¥2,540. Share price was steady at JP¥2,436 over the past week. Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥2,299, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 15x in the Electronic industry in Japan. Total returns to shareholders of 7.0% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥3,330 per share. Reported Earnings • Oct 31
Second quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2026 results: EPS: JP¥33.53 (down from JP¥51.88 in 2Q 2025). Revenue: JP¥58.8b (up 1.6% from 2Q 2025). Net income: JP¥2.26b (down 35% from 2Q 2025). Profit margin: 3.8% (down from 6.0% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) missed analyst estimates by 40%. Revenue is forecast to grow 5.0% 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 8% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Buy Or Sell Opportunity • Oct 31
Now 31% undervalued after recent price drop Over the last 90 days, the stock has fallen 7.4% to JP¥2,307. The fair value is estimated to be JP¥3,364, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.9% over the last 3 years. Earnings per share has declined by 6.4%. Announcement • Sep 25
Japan Aviation Electronics Industry, Limited to Report Q2, 2026 Results on Oct 29, 2025 Japan Aviation Electronics Industry, Limited announced that they will report Q2, 2026 results on Oct 29, 2025 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 03 December 2025. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%). Board Change • Jul 29
High number of new directors There are 7 new directors who have joined the board in the last 3 years. Managing Executive Officer & Director Noritaka Hiyama 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. Reported Earnings • Jul 25
First quarter 2026 earnings: EPS and revenues miss analyst expectations First quarter 2026 results: EPS: JP¥12.70 (down from JP¥46.56 in 1Q 2025). Revenue: JP¥51.6b (down 7.1% from 1Q 2025). Net income: JP¥856.0m (down 73% from 1Q 2025). Profit margin: 1.7% (down from 5.6% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 5.0%. Earnings per share (EPS) also missed analyst estimates by 67%. 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 8% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Declared Dividend • Jul 09
Final dividend of JP¥30.00 announced Dividend of JP¥30.00 is the same as last year. Ex-date: 29th September 2025 Payment date: 3rd December 2025 Dividend yield will be 2.4%, 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 (22% cash payout ratio). The dividend has increased by an average of 12% 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 32% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 27
Japan Aviation Electronics Industry, Limited to Report Q1, 2026 Results on Jul 23, 2025 Japan Aviation Electronics Industry, Limited announced that they will report Q1, 2026 results on Jul 23, 2025 Reported Earnings • Jun 21
Full year 2025 earnings: EPS in line with expectations, revenues disappoint Full year 2025 results: EPS: JP¥172. Revenue: JP¥221.6b (down 1.8% from FY 2024). Net income: JP¥11.6b (down 5.3% from FY 2024). Profit margin: 5.2% (down from 5.4% in FY 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Electronic industry in Japan. Reported Earnings • Apr 24
Full year 2025 earnings: EPS in line with expectations, revenues disappoint Full year 2025 results: EPS: JP¥172. Revenue: JP¥221.6b (down 1.8% from FY 2024). Net income: JP¥11.6b (down 5.3% from FY 2024). Profit margin: 5.2% (down from 5.4% in FY 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Electronic industry in Japan. Announcement • Apr 23
Japan Aviation Electronics Industry, Limited, Annual General Meeting, Jun 19, 2025 Japan Aviation Electronics Industry, Limited, Annual General Meeting, Jun 19, 2025. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥2,139, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 10x in the Electronic industry in Japan. Total returns to shareholders of 21% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥4,043 per share. Announcement • Mar 22
Japan Aviation Electronics Industry, Limited to Report Fiscal Year 2025 Results on Apr 23, 2025 Japan Aviation Electronics Industry, Limited announced that they will report fiscal year 2025 results on Apr 23, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 03 June 2025. Payout ratio is a comfortable 42% 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 (1.7%). Reported Earnings • Jan 30
Third quarter 2025 earnings: EPS and revenues miss analyst expectations Third quarter 2025 results: EPS: JP¥31.00 (down from JP¥44.59 in 3Q 2024). Revenue: JP¥53.0b (down 8.7% from 3Q 2024). Net income: JP¥2.09b (down 49% from 3Q 2024). Profit margin: 3.9% (down from 7.0% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 8.4%. Earnings per share (EPS) also missed analyst estimates by 43%. Revenue is forecast to grow 4.3% 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 8% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Announcement • Jan 03
Japan Aviation Electronics Industry, Limited to Report Q3, 2025 Results on Jan 29, 2025 Japan Aviation Electronics Industry, Limited announced that they will report Q3, 2025 results on Jan 29, 2025 Declared Dividend • Dec 04
First half dividend of JP¥30.00 announced Shareholders will receive a dividend of JP¥30.00. Ex-date: 28th March 2025 Payment date: 3rd June 2025 Dividend yield will be 2.3%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (19% earnings payout ratio) and cash flows (21% cash payout ratio). The dividend has increased by an average of 16% 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 37% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Oct 24
Second quarter 2025 earnings: EPS exceeds analyst expectations Second quarter 2025 results: EPS: JP¥51.88. Revenue: JP¥57.9b (down 5.9% from 2Q 2024). Net income: JP¥3.50b (down 17% from 2Q 2024). Profit margin: 6.0% (down from 6.8% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.2%. 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. Announcement • Sep 25
Japan Aviation Electronics Industry, Limited to Report Q2, 2025 Results on Oct 23, 2024 Japan Aviation Electronics Industry, Limited announced that they will report Q2, 2025 results on Oct 23, 2024 Announcement • Sep 23
Japan Aviation Electronics Industry, Limited(TSE:6807) dropped from FTSE All-World Index (USD) Japan Aviation Electronics Industry, Limited(TSE:6807) dropped from FTSE All-World Index (USD) Upcoming Dividend • Sep 20
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 04 December 2024. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.5%). 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¥1,975, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 12x in the Electronic industry in Japan. Total returns to shareholders of 22% over the past three years. Reported Earnings • Jul 26
First quarter 2025 earnings: EPS and revenues exceed analyst expectations First quarter 2025 results: EPS: JP¥46.56 (up from JP¥27.44 in 1Q 2024). Revenue: JP¥55.6b (up 7.4% from 1Q 2024). Net income: JP¥3.14b (up 25% from 1Q 2024). Profit margin: 5.6% (up from 4.8% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) also surpassed analyst estimates by 12%. Revenue is forecast to grow 4.0% 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 1% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Declared Dividend • Jul 11
Final dividend of JP¥30.00 announced Shareholders will receive a dividend of JP¥30.00. Ex-date: 27th September 2024 Payment date: 4th December 2024 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 (40% earnings payout ratio) and cash flows (28% cash payout ratio). The dividend has increased by an average of 16% 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 53% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 23
Japan Aviation Electronics Industry, Limited to Report Q1, 2025 Results on Jul 24, 2024 Japan Aviation Electronics Industry, Limited announced that they will report Q1, 2025 results on Jul 24, 2024 Reported Earnings • Jun 23
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: JP¥137 (down from JP¥161 in FY 2023). Revenue: JP¥225.8b (down 4.3% from FY 2023). Net income: JP¥12.2b (down 16% from FY 2023). Profit margin: 5.4% (down from 6.2% in FY 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 14%. Revenue is forecast to grow 4.3% 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 7% per year whereas the company’s share price has increased by 10% per year. Reported Earnings • Apr 25
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: JP¥137 (down from JP¥161 in FY 2023). Revenue: JP¥225.8b (down 4.3% from FY 2023). Net income: JP¥12.2b (down 16% from FY 2023). Profit margin: 5.4% (down from 6.2% in FY 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 11%. Revenue is forecast to grow 4.6% 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 7% per year whereas the company’s share price has increased by 9% per year. Announcement • Apr 24
Japan Aviation Electronics Industry, Limited, Annual General Meeting, Jun 19, 2024 Japan Aviation Electronics Industry, Limited, Annual General Meeting, Jun 19, 2024. Major Estimate Revision • Apr 12
Consensus EPS estimates increase by 10% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from JP¥135 to JP¥149. Revenue forecast unchanged at JP¥224.9b. Net income forecast to grow 1.2% next year vs 8.0% growth forecast for Electronic industry in Japan. Consensus price target down from JP¥2,701 to JP¥2,606. Share price was steady at JP¥2,401 over the past week. Announcement • Mar 24
Japan Aviation Electronics Industry, Limited to Report Fiscal Year 2024 Results on Apr 24, 2024 Japan Aviation Electronics Industry, Limited announced that they will report fiscal year 2024 results on Apr 24, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 03 June 2024. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.4%). Valuation Update With 7 Day Price Move • Feb 14
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥2,850, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 15x in the Electronic industry in Japan. Total returns to shareholders of 75% over the past three years. Reported Earnings • Jan 30
Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2024 results: EPS: JP¥44.59 (up from JP¥29.63 in 3Q 2023). Revenue: JP¥58.1b (down 5.7% from 3Q 2023). Net income: JP¥4.07b (up 51% from 3Q 2023). Profit margin: 7.0% (up from 4.4% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) exceeded analyst estimates by 22%. Revenue is forecast to grow 4.7% 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 16% per year and the company’s share price has also increased by 16% per year. Announcement • Jan 30
NEC Reportedly Plans to Cut Stake Japan Aviation Electronics Industry Japan Aviation Electronics Industry, Limited (TSE:6807) shares slid in the wake of weak quarterly results and news that its parent company NEC Corporation (TSE:6701) plans to cut its stake in the electronics maker. Shares in Japan Aviation were recently 17% lower at JPY 2,526 after falling as much as 18% earlier Tuesday. Parent NEC Corp.'s shares were recently down 1.0%. Valuation Update With 7 Day Price Move • Jan 30
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to JP¥2,520, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 14x in the Electronic industry in Japan. Total returns to shareholders of 65% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥4,824 per share. Announcement • Jan 29
Japan Aviation Electronics Industry, Limited Provides Dividend Guidance for the Fiscal Year Ending March 31, 2024 Japan Aviation Electronics Industry, Limited provided dividend guidance for the Fiscal year ending March 31, 2024. For the year, the company expects dividend of JPY 25.00 per share against JPY 25.00 per share a year ago. Announcement • Dec 27
Japan Aviation Electronics Industry, Limited to Report Q3, 2024 Results on Jan 29, 2024 Japan Aviation Electronics Industry, Limited announced that they will report Q3, 2024 results on Jan 29, 2024 Reported Earnings • Oct 29
Second quarter 2024 earnings: EPS and revenues exceed analyst expectations Second quarter 2024 results: EPS: JP¥46.19 (down from JP¥53.51 in 2Q 2023). Revenue: JP¥61.6b (down 6.4% from 2Q 2023). Net income: JP¥4.21b (down 14% from 2Q 2023). Profit margin: 6.8% (down from 7.4% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 3.6%. Earnings per share (EPS) also surpassed analyst estimates by 6.5%. Revenue is forecast to grow 4.5% 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 25% per year whereas the company’s share price has increased by 24% per year. Announcement • Sep 27
Japan Aviation Electronics Industry, Limited to Report Q2, 2024 Results on Oct 27, 2023 Japan Aviation Electronics Industry, Limited announced that they will report Q2, 2024 results on Oct 27, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of JP¥25.00 per share at 1.7% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 04 December 2023. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.4%). New Risk • Jul 29
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: 4.9% Last year net profit margin: 7.6% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Jul 28
First quarter 2024 earnings: EPS and revenues miss analyst expectations First quarter 2024 results: EPS: JP¥27.44 (down from JP¥64.32 in 1Q 2023). Revenue: JP¥51.7b (down 8.4% from 1Q 2023). Net income: JP¥2.50b (down 57% from 1Q 2023). Profit margin: 4.8% (down from 10% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 5.8%. Earnings per share (EPS) also missed analyst estimates by 22%. Revenue is forecast to grow 4.4% 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 32% per year whereas the company’s share price has increased by 29% per year. Buying Opportunity • Jul 06
Now 21% undervalued Over the last 90 days, the stock is up 38%. The fair value is estimated to be JP¥3,876, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.7% over the last 3 years. Earnings per share has grown by 33%. For the next 3 years, revenue is forecast to grow by 3.9% per annum. Earnings is also forecast to grow by 7.8% per annum over the same time period. Price Target Changed • Jul 05
Price target increased by 8.7% to JP¥2,490 Up from JP¥2,290, the current price target is an average from 9 analysts. New target price is 20% below last closing price of JP¥3,115. Stock is up 56% over the past year. The company is forecast to post earnings per share of JP¥162 for next year compared to JP¥161 last year. Reported Earnings • Jun 25
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: JP¥161 (up from JP¥157 in FY 2022). Revenue: JP¥235.9b (up 4.8% from FY 2022). Net income: JP¥14.6b (up 2.2% from FY 2022). Profit margin: 6.2% (down from 6.4% in FY 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 6.2%. Revenue is forecast to grow 3.4% 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 33% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Announcement • Jun 24
Japan Aviation Electronics Industry, Limited to Report Q1, 2024 Results on Jul 27, 2023 Japan Aviation Electronics Industry, Limited announced that they will report Q1, 2024 results on Jul 27, 2023 Reported Earnings • Apr 29
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: JP¥161 (up from JP¥157 in FY 2022). Revenue: JP¥235.9b (up 4.8% from FY 2022). Net income: JP¥14.6b (up 2.2% from FY 2022). Profit margin: 6.2% (down from 6.4% in FY 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 6.2%. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. 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: 08 June 2023. Payout ratio is a comfortable 24% 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%). Reported Earnings • Jan 28
Third quarter 2023 earnings: EPS and revenues miss analyst expectations Third quarter 2023 results: EPS: JP¥29.63 (down from JP¥40.00 in 3Q 2022). Revenue: JP¥61.6b (up 6.6% from 3Q 2022). Net income: JP¥2.70b (down 26% from 3Q 2022). Profit margin: 4.4% (down from 6.3% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 7.4%. Earnings per share (EPS) also missed analyst estimates by 37%. Revenue is forecast to grow 4.6% 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 32% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.