Board Change • Jul 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Sr. Mng. Executive Officer, GM of Admin. Div. & Director Shuichi Ikeda 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. Announcement • Jun 01
Iriso Electronics Co., Ltd., Annual General Meeting, Jun 23, 2026 Iriso Electronics Co., Ltd., Annual General Meeting, Jun 23, 2026, at 10:00 Tokyo Standard Time. Buy Or Sell Opportunity • May 18
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 7.3% to JP¥3,365. The fair value is estimated to be JP¥4,265, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.9% over the last 3 years. Earnings per share has declined by 19%. For the next 3 years, revenue is forecast to grow by 1.2% per annum. Earnings are also forecast to grow by 9.4% per annum over the same time period. Buy Or Sell Opportunity • Apr 20
Now 20% undervalued Over the last 90 days, the stock has risen 4.6% to JP¥3,620. The fair value is estimated to be JP¥4,529, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.9% over the last 3 years. Earnings per share has declined by 19%. For the next 3 years, revenue is forecast to grow by 1.2% per annum. Earnings are also forecast to grow by 9.4% per annum over the same time period. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥150 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 25 June 2026. Payout ratio is a comfortable 62% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%). Announcement • Mar 20
Iriso Electronics Co., Ltd. to Report Fiscal Year 2026 Results on May 08, 2026 Iriso Electronics Co., Ltd. announced that they will report fiscal year 2026 results on May 08, 2026 Buy Or Sell Opportunity • Feb 20
Now 21% undervalued Over the last 90 days, the stock has risen 14% to JP¥3,630. The fair value is estimated to be JP¥4,570, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.9% over the last 3 years. Earnings per share has declined by 19%. For the next 3 years, revenue is forecast to grow by 1.0% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Reported Earnings • Feb 05
Third quarter 2026 earnings: EPS and revenues exceed analyst expectations Third quarter 2026 results: EPS: JP¥76.02 (down from JP¥81.88 in 3Q 2025). Revenue: JP¥16.2b (up 7.6% from 3Q 2025). Net income: JP¥1.62b (down 11% from 3Q 2025). Profit margin: 10.0% (down from 12% in 3Q 2025). Revenue exceeded analyst estimates by 8.0%. Earnings per share (EPS) also surpassed analyst estimates by 86%. Revenue is forecast to stay flat 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 fallen by 19% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Announcement • Dec 02
Iriso Electronics Co., Ltd. to Report Q3, 2026 Results on Feb 03, 2026 Iriso Electronics Co., Ltd. announced that they will report Q3, 2026 results on Feb 03, 2026 Declared Dividend • Nov 07
Dividend of JP¥150 announced Shareholders will receive a dividend of JP¥150. Ex-date: 30th March 2026 Payment date: 25th June 2026 Dividend yield will be 5.0%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (59% earnings payout ratio) and cash flows (70% cash payout ratio). The dividend has increased by an average of 14% 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. Reported Earnings • Nov 07
Second quarter 2026 earnings: EPS and revenues exceed analyst expectations Second quarter 2026 results: EPS: JP¥73.58 (up from JP¥31.51 in 2Q 2025). Revenue: JP¥15.8b (up 8.1% from 2Q 2025). Net income: JP¥1.57b (up 119% from 2Q 2025). Profit margin: 9.9% (up from 4.9% in 2Q 2025). Revenue exceeded analyst estimates by 6.8%. Earnings per share (EPS) also surpassed analyst estimates by 91%. Revenue is forecast to stay flat 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 17% per year whereas the company’s share price has fallen by 16% per year. Buy Or Sell Opportunity • Oct 28
Now 22% undervalued Over the last 90 days, the stock has risen 8.2% to JP¥3,110. The fair value is estimated to be JP¥3,997, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.6% over the last 3 years. Earnings per share has declined by 14%. For the next 3 years, revenue is forecast to grow by 1.3% per annum. Earnings are also forecast to grow by 15% per annum over the same time period. Announcement • Sep 01
Iriso Electronics Co., Ltd. to Report Q2, 2026 Results on Nov 05, 2025 Iriso Electronics Co., Ltd. announced that they will report Q2, 2026 results on Nov 05, 2025 Reported Earnings • Aug 05
First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2026 results: EPS: JP¥23.88 (up from JP¥15.81 in 1Q 2025). Revenue: JP¥15.2b (up 21% from 1Q 2025). Net income: JP¥510.0m (up 38% from 1Q 2025). Profit margin: 3.4% (up from 3.0% in 1Q 2025). Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) missed analyst estimates by 38%. Revenue is forecast to grow 1.2% 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 14% per year whereas the company’s share price has fallen by 10% per year. Announcement • Aug 04
Iriso Electronics Co., Ltd. Provides Consolidated Earnings Guidance for the Six Months ending September 30, 2025 Iriso Electronics Co., Ltd. provided consolidated earnings guidance for the six months ending September 30, 2025. For the period, the company expects net sales of JPY 29,000 million, Operating profit of JPY 2,600 million, Profit attributable to owners of parent of JPY 2,000 million or JPY 95.33 earnings per share. Announcement • Jul 18
Iriso Electronics Co., Ltd. Appoints Masahisa Shibata as Chairman & Director, Effective July 18, 2025 IRISO ELECTRONICS CO.,LTD. announced on July 18, 2025, that it has decided to make the following executive personnel changes. Masahisa Shibata, Director to Chairman & Director, effective July 18, 2025. Reported Earnings • Jun 27
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: JP¥118 (down from JP¥238 in FY 2024). Revenue: JP¥56.3b (up 1.9% from FY 2024). Net income: JP¥2.66b (down 52% from FY 2024). Profit margin: 4.7% (down from 10% in FY 2024). Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) also surpassed analyst estimates by 7.5%. Revenue is forecast to grow 3.2% 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 6% per year whereas the company’s share price has fallen by 3% per year. Announcement • Jun 03
Iriso Electronics Co., Ltd. to Report Q1, 2026 Results on Aug 04, 2025 Iriso Electronics Co., Ltd. announced that they will report Q1, 2026 results on Aug 04, 2025 Reported Earnings • May 08
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: JP¥118 (down from JP¥238 in FY 2024). Revenue: JP¥56.3b (up 1.9% from FY 2024). Net income: JP¥2.66b (down 52% from FY 2024). Profit margin: 4.7% (down from 10% in FY 2024). Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) also surpassed analyst estimates by 7.5%. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has fallen by 6% per year and the company’s share price has also fallen by 6% per year. Announcement • May 07
Iriso Electronics Co., Ltd., Annual General Meeting, Jun 24, 2025 Iriso Electronics Co., Ltd., Annual General Meeting, Jun 24, 2025. Major Estimate Revision • Apr 14
Consensus EPS estimates fall by 14% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from JP¥114 to JP¥97.68 per share. Revenue forecast steady at JP¥55.5b. Net income forecast to shrink 11% next year vs 10% growth forecast for Electronic industry in Japan . Consensus price target down from JP¥3,014 to JP¥2,904. Share price rose 6.6% to JP¥2,418 over the past week. Announcement • Mar 26
Iriso Electronics Co., Ltd. to Report Fiscal Year 2025 Results on May 07, 2025 Iriso Electronics Co., Ltd. announced that they will report fiscal year 2025 results on May 07, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥100.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 26 June 2025. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 3.7%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.7%). Reported Earnings • Feb 05
Third quarter 2025 earnings: EPS and revenues exceed analyst expectations Third quarter 2025 results: EPS: JP¥81.88 (up from JP¥47.91 in 3Q 2024). Revenue: JP¥15.0b (up 16% from 3Q 2024). Net income: JP¥1.83b (up 62% from 3Q 2024). Profit margin: 12% (up from 8.7% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 8.5%. Earnings per share (EPS) also surpassed analyst estimates by 192%. Revenue is forecast to grow 3.8% 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 but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Announcement • Dec 05
Iriso Electronics Co., Ltd. to Report Q3, 2025 Results on Feb 03, 2025 Iriso Electronics Co., Ltd. announced that they will report Q3, 2025 results on Feb 03, 2025 Declared Dividend • Nov 07
Dividend of JP¥100.00 announced Shareholders will receive a dividend of JP¥100.00. Ex-date: 28th March 2025 Payment date: 26th June 2025 Dividend yield will be 3.4%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (60% earnings payout ratio) and cash flows (39% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 68% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • Nov 07
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: 6.5% Last year net profit margin: 10% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (6.5% net profit margin). Announcement • Nov 05
Iriso Electronics Co., Ltd. (TSE:6908) announces an Equity Buyback for 2,000,000 shares, representing 8.9% for ¥6,000 million. Iriso Electronics Co., Ltd. (TSE:6908) announces a share repurchase program. Under the program, the company will repurchase up to 2,000,000 shares, representing 8.9% of its issued share capital, for ¥6,000 million. The purpose of the program is to improve capital efficiency such as ROE and ROIC and enhance shareholder returns. The program is valid till October 31, 2025. As of September 30, 2024, there are 22,473,324 outstanding shares (excluding treasury stock) and 2,110,374 treasury shares. Announcement • Aug 29
Iriso Electronics Co., Ltd. to Report Q2, 2025 Results on Nov 05, 2024 Iriso Electronics Co., Ltd. announced that they will report Q2, 2025 results on Nov 05, 2024 Price Target Changed • Aug 10
Price target decreased by 8.8% to JP¥3,300 Down from JP¥3,617, the current price target is an average from 6 analysts. New target price is 42% above last closing price of JP¥2,332. Stock is down 40% over the past year. The company is forecast to post earnings per share of JP¥192 for next year compared to JP¥238 last year. Major Estimate Revision • Aug 10
Consensus EPS estimates fall by 17% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from JP¥58.2b to JP¥54.3b. EPS estimate also fell from JP¥232 per share to JP¥192 per share. Net income forecast to shrink 8.1% next year vs 14% growth forecast for Electronic industry in Japan . Consensus price target down from JP¥3,617 to JP¥3,300. Share price fell 18% to JP¥2,332 over the past week. New Risk • Aug 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 6.2% 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 (6.2% average weekly change). Reported Earnings • Aug 04
First quarter 2025 earnings: EPS and revenues miss analyst expectations First quarter 2025 results: EPS: JP¥15.81 (down from JP¥53.18 in 1Q 2024). Revenue: JP¥12.5b (flat on 1Q 2024). Net income: JP¥371.0m (down 70% from 1Q 2024). Profit margin: 3.0% (down from 10.0% in 1Q 2024). Revenue missed analyst estimates by 7.3%. Earnings per share (EPS) also missed analyst estimates by 59%. Revenue is forecast to grow 5.8% 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 13% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Price Target Changed • Jun 29
Price target decreased by 12% to JP¥3,857 Down from JP¥4,400, the current price target is an average from 7 analysts. New target price is 27% above last closing price of JP¥3,040. Stock is down 27% over the past year. The company is forecast to post earnings per share of JP¥225 for next year compared to JP¥238 last year. Announcement • Jun 21
Iriso Electronics Co., Ltd. to Report Q1, 2025 Results on Aug 02, 2024 Iriso Electronics Co., Ltd. announced that they will report Q1, 2025 results on Aug 02, 2024 Announcement • May 26
Masashi Koyasu to Retire as Director Advisor of Iriso Electronics Co., Ltd. on June 25, 2024 Iriso Electronics Co., Ltd. announced changes in the member of the Board of Directors: The company announced that Masashi Koyasu, Director advisor will retire (scheduled date of retirement: At the conclusion of the 58th Ordinary General Meeting of Shareholders scheduled to be held on June 25, 2024). Announcement • May 16
Iriso Electronics Co., Ltd. Announces Executive Changes, Effective May 16, 2024 Iriso Electronics Co., Ltd. announced changed the responsibility of an Executive Officer (as of May 16, 2024): Takeshi Yoshikawa from Executive Officer /General Manager of Production Management Division & Department Manager of Production Control Division to Executive Officer /General Manager of Production Management Division & Department Manager of Purchasing Department & Department Manager of Production Control Division. Reported Earnings • May 09
Third quarter 2024 earnings released: EPS: JP¥47.91 (vs JP¥61.60 in 3Q 2023) Third quarter 2024 results: EPS: JP¥47.91 (down from JP¥61.60 in 3Q 2023). Revenue: JP¥13.0b (down 7.0% from 3Q 2023). Net income: JP¥1.13b (down 22% from 3Q 2023). Profit margin: 8.7% (down from 10% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.0% p.a. on average during the next 4 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 28% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Announcement • May 09
Iriso Electronics Co., Ltd. (TSE:6908) announces an Equity Buyback for 1,200,000 shares, representing 5.07% for ¥3,600 million. Iriso Electronics Co., Ltd. (TSE:6908) announces a share repurchase program. Under the program, the company will repurchase up to 1,200,000 shares, representing 5.07% of its issued share capital, for ¥ 3,600 million. The purpose of the program is to improve capital efficiency, including ROE and ROIC, and to enhance shareholder returns. The program is valid till November 29, 2024. As of March 31, 2024, the company had 23,673,324 shares (excluding treasury stock) and 910,374 shares in treasury. Major Estimate Revision • May 09
Consensus EPS estimates fall by 11% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from JP¥243 to JP¥216 per share. Revenue forecast steady at JP¥57.6b. Net income forecast to shrink 5.3% next year vs 12% growth forecast for Electronic industry in Japan . Consensus price target broadly unchanged at JP¥4,686. Share price rose 3.7% to JP¥3,200 over the past week. Announcement • Mar 23
Iriso Electronics Co., Ltd., Annual General Meeting, Jun 25, 2024 Iriso Electronics Co., Ltd., Annual General Meeting, Jun 25, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥90.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 28 June 2024. Payout ratio is a comfortable 34% and the cash payout ratio is 94%. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.4%). Announcement • Mar 02
Iriso Electronics Co., Ltd. to Report Fiscal Year 2024 Results on May 08, 2024 Iriso Electronics Co., Ltd. announced that they will report fiscal year 2024 results on May 08, 2024 Price Target Changed • Feb 26
Price target decreased by 8.7% to JP¥4,814 Down from JP¥5,271, the current price target is an average from 7 analysts. New target price is 56% above last closing price of JP¥3,080. Stock is down 34% over the past year. The company is forecast to post earnings per share of JP¥241 for next year compared to JP¥236 last year. Reported Earnings • Feb 04
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: EPS: JP¥47.91 (down from JP¥61.60 in 3Q 2023). Revenue: JP¥13.0b (down 7.0% from 3Q 2023). Net income: JP¥1.13b (down 22% from 3Q 2023). Profit margin: 8.7% (down from 10% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 5.3%. Earnings per share (EPS) also missed analyst estimates by 12%. Revenue is forecast to grow 6.7% 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 28% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Buying Opportunity • Dec 08
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 17%. The fair value is estimated to be JP¥4,616, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 35%. Revenue is forecast to grow by 14% in 2 years. Earnings is forecast to grow by 16% in the next 2 years. Announcement • Nov 29
Iriso Electronics Co., Ltd. to Report Q3, 2024 Results on Feb 02, 2024 Iriso Electronics Co., Ltd. announced that they will report Q3, 2024 results on Feb 02, 2024 Reported Earnings • Nov 04
Second quarter 2024 earnings: EPS and revenues exceed analyst expectations Second quarter 2024 results: EPS: JP¥81.45 (up from JP¥62.28 in 2Q 2023). Revenue: JP¥15.6b (up 15% from 2Q 2023). Net income: JP¥1.92b (up 31% from 2Q 2023). Profit margin: 12% (up from 11% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.3%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Buying Opportunity • Oct 23
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 6.3%. The fair value is estimated to be JP¥4,690, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 37%. Revenue is forecast to grow by 16% in 2 years. Earnings is forecast to grow by 29% in the next 2 years. Announcement • Aug 27
Iriso Electronics Co., Ltd. to Report Q2, 2024 Results on Nov 02, 2023 Iriso Electronics Co., Ltd. announced that they will report Q2, 2024 results on Nov 02, 2023 Reported Earnings • Aug 03
First quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2024 results: EPS: JP¥53.18 (down from JP¥61.05 in 1Q 2023). Revenue: JP¥12.5b (up 4.8% from 1Q 2023). Net income: JP¥1.25b (down 13% from 1Q 2023). Profit margin: 10.0% (down from 12% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.7%. Earnings per share (EPS) exceeded analyst estimates by 17%. Revenue is forecast to grow 6.6% 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 37% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Jun 01
Iriso Electronics Co., Ltd. to Report Q1, 2024 Results on Aug 02, 2023 Iriso Electronics Co., Ltd. announced that they will report Q1, 2024 results on Aug 02, 2023 Reported Earnings • May 10
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: JP¥236 (up from JP¥166 in FY 2022). Revenue: JP¥52.9b (up 21% from FY 2022). Net income: JP¥5.54b (up 42% from FY 2022). Profit margin: 11% (up from 8.9% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.4%. Revenue is forecast to grow 6.8% 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 34% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Price Target Changed • Apr 01
Price target increased by 7.9% to JP¥5,667 Up from JP¥5,250, the current price target is an average from 6 analysts. New target price is 15% above last closing price of JP¥4,910. Stock is up 46% over the past year. The company posted earnings per share of JP¥166 last year. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥60.00 per share at 1.3% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 22 June 2023. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (1.6%). Price Target Changed • Feb 09
Price target increased by 7.3% to JP¥5,150 Up from JP¥4,800, the current price target is an average from 6 analysts. New target price is 10% above last closing price of JP¥4,665. Stock is up 5.3% over the past year. The company is forecast to post earnings per share of JP¥236 for next year compared to JP¥166 last year. Reported Earnings • Feb 04
Third quarter 2023 earnings: Revenues and EPS in line with analyst expectations Third quarter 2023 results: EPS: JP¥61.60 (up from JP¥33.37 in 3Q 2022). Revenue: JP¥14.0b (up 34% from 3Q 2022). Net income: JP¥1.45b (up 85% from 3Q 2022). Profit margin: 10% (up from 7.5% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 8.0% 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 31% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Dec 01
Iriso Electronics Co., Ltd. to Report Q3, 2023 Results on Feb 03, 2023 Iriso Electronics Co., Ltd. announced that they will report Q3, 2023 results on Feb 03, 2023 Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Outside Director Noboru Sato was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Nov 12
Iriso Electronics Co., Ltd. Ordinary Shares to Be Deleted from OTC Equity Iriso Electronics Co., Ltd. Ordinary Shares (Japan) will be deleted from OTC Equity effective from November 11, 2022, due to Inactive Security. Reported Earnings • Nov 06
Second quarter 2023 earnings: EPS and revenues exceed analyst expectations Second quarter 2023 results: EPS: JP¥62.28 (up from JP¥47.38 in 2Q 2022). Revenue: JP¥13.6b (up 26% from 2Q 2022). Net income: JP¥1.47b (up 31% from 2Q 2022). Profit margin: 11% (in line with 2Q 2022). Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) also surpassed analyst estimates by 9.5%. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Buying Opportunity • Oct 11
Now 21% undervalued Over the last 90 days, the stock is up 31%. The fair value is estimated to be JP¥4,992, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.6% over the last 3 years. Earnings per share has grown by 20%. Revenue is forecast to grow by 27% in 2 years. Earnings is forecast to grow by 40% in the next 2 years. Announcement • Sep 01
Iriso Electronics Co., Ltd. to Report Q2, 2023 Results on Nov 04, 2022 Iriso Electronics Co., Ltd. announced that they will report Q2, 2023 results on Nov 04, 2022 Buying Opportunity • Aug 23
Now 22% undervalued Over the last 90 days, the stock is up 19%. The fair value is estimated to be JP¥4,974, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.6% over the last 3 years. Earnings per share has grown by 20%. For the next 3 years, revenue is forecast to grow by 9.3% per annum. Earnings is also forecast to grow by 17% per annum over the same time period. Price Target Changed • Aug 18
Price target increased to JP¥4,329 Up from JP¥4,029, the current price target is an average from 7 analysts. New target price is approximately in line with last closing price of JP¥4,210. Stock is down 7.0% over the past year. The company is forecast to post earnings per share of JP¥206 for next year compared to JP¥166 last year. Reported Earnings • Aug 03
First quarter 2023 earnings released: EPS: JP¥61.05 (vs JP¥44.63 in 1Q 2022) First quarter 2023 results: EPS: JP¥61.05 (up from JP¥44.63 in 1Q 2022). Revenue: JP¥11.9b (up 6.6% from 1Q 2022). Net income: JP¥1.44b (up 37% from 1Q 2022). Profit margin: 12% (up from 9.4% in 1Q 2022). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 16%, compared to a 9.4% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Price Target Changed • Jun 28
Price target decreased to JP¥3,971 Down from JP¥4,386, the current price target is an average from 7 analysts. New target price is 20% above last closing price of JP¥3,320. Stock is down 38% over the past year. The company is forecast to post earnings per share of JP¥189 for next year compared to JP¥166 last year. Reported Earnings • Jun 26
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: JP¥166 (up from JP¥90.85 in FY 2021). Revenue: JP¥43.9b (up 20% from FY 2021). Net income: JP¥3.91b (up 83% from FY 2021). Profit margin: 8.9% (up from 5.9% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.3%. Over the next year, revenue is forecast to grow 15%, compared to a 9.4% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Price Target Changed • Jun 08
Price target decreased to JP¥4,100 Down from JP¥4,457, the current price target is an average from 7 analysts. New target price is 11% above last closing price of JP¥3,685. Stock is down 27% over the past year. The company is forecast to post earnings per share of JP¥188 for next year compared to JP¥166 last year. Announcement • Jun 03
Iriso Electronics Co., Ltd. to Report Q1, 2023 Results on Aug 02, 2022 Iriso Electronics Co., Ltd. announced that they will report Q1, 2023 results on Aug 02, 2022 Announcement • May 12
Iriso Electronics Co., Ltd., Annual General Meeting, Jun 21, 2022 Iriso Electronics Co., Ltd., Annual General Meeting, Jun 21, 2022. Reported Earnings • May 11
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: JP¥166 (up from JP¥90.85 in FY 2021). Revenue: JP¥43.9b (up 20% from FY 2021). Net income: JP¥3.91b (up 83% from FY 2021). Profit margin: 8.9% (up from 5.9% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.3%. Over the next year, revenue is forecast to grow 11%, compared to a 8.4% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Outside Director Noboru Sato was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.