Buy Or Sell Opportunity • Jun 03
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 54% to JP¥4,520. The fair value is estimated to be JP¥3,732, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.6% over the last 3 years. Earnings per share has grown by 21%. Revenue is forecast to grow by 10% in 2 years. Earnings are forecast to grow by 16% in the next 2 years. Buy Or Sell Opportunity • May 18
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 55% to JP¥4,550. The fair value is estimated to be JP¥3,741, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.6% over the last 3 years. Earnings per share has grown by 21%. Revenue is forecast to grow by 10% in 2 years. Earnings are forecast to grow by 16% in the next 2 years. Reported Earnings • May 15
First quarter 2026 earnings released: EPS: JP¥62.91 (vs JP¥49.92 in 1Q 2025) First quarter 2026 results: EPS: JP¥62.91 (up from JP¥49.92 in 1Q 2025). Revenue: JP¥18.3b (up 21% from 1Q 2025). Net income: JP¥2.24b (up 26% from 1Q 2025). Profit margin: 12% (in line with 1Q 2025). Revenue is forecast to grow 5.4% p.a. on average during the next 3 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 21% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. New Risk • May 14
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 9.7% 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • May 14
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to JP¥3,865, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 18x in the Electronic industry in Japan. Total returns to shareholders of 111% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥5,047 per share. Declared Dividend • Apr 11
Final dividend of JP¥32.50 announced Shareholders will receive a dividend of JP¥32.50. Ex-date: 29th June 2026 Payment date: 2nd September 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 (30% earnings payout ratio) and cash flows (41% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 35% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Apr 03
OPTEX GROUP Company, Limited to Report Q1, 2026 Results on May 13, 2026 OPTEX GROUP Company, Limited announced that they will report Q1, 2026 results on May 13, 2026 New Risk • Mar 03
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 5.9% 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 (5.9% average weekly change). Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥2,904, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 17x in the Electronic industry in Japan. Total returns to shareholders of 54% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥5,373 per share. Reported Earnings • Feb 16
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: JP¥185 (up from JP¥160 in FY 2024). Revenue: JP¥65.9b (up 4.1% from FY 2024). Net income: JP¥6.60b (up 16% from FY 2024). Profit margin: 10.0% (up from 9.0% in FY 2024). 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 5.0%. Revenue is forecast to grow 5.1% p.a. on average during the next 2 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 19% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Feb 13
OPTEX GROUP Company, Limited, Annual General Meeting, Mar 27, 2026 OPTEX GROUP Company, Limited, Annual General Meeting, Mar 27, 2026. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 31 March 2026. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (1.7%). Announcement • Dec 13
OPTEX GROUP Company, Limited to Report Fiscal Year 2025 Results on Feb 13, 2026 OPTEX GROUP Company, Limited announced that they will report fiscal year 2025 results on Feb 13, 2026 Reported Earnings • Nov 18
Third quarter 2025 earnings released: EPS: JP¥57.83 (vs JP¥39.00 in 3Q 2024) Third quarter 2025 results: EPS: JP¥57.83 (up from JP¥39.00 in 3Q 2024). Revenue: JP¥17.3b (up 5.4% from 3Q 2024). Net income: JP¥2.06b (up 48% from 3Q 2024). Profit margin: 12% (up from 8.5% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.9% 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 15% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Sep 17
OPTEX GROUP Company, Limited to Report Q3, 2025 Results on Nov 14, 2025 OPTEX GROUP Company, Limited announced that they will report Q3, 2025 results on Nov 14, 2025 Declared Dividend • Sep 03
First half dividend of JP¥25.00 announced Shareholders will receive a dividend of JP¥25.00. Ex-date: 29th December 2025 Payment date: 31st March 2026 Dividend yield will be 2.6%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (12% 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. However, payments have been volatile during that time. EPS is expected to grow by 45% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 09
Second quarter 2025 earnings released: EPS: JP¥34.25 (vs JP¥34.45 in 2Q 2024) Second quarter 2025 results: EPS: JP¥34.25 (down from JP¥34.45 in 2Q 2024). Revenue: JP¥15.3b (up 1.4% from 2Q 2024). Net income: JP¥1.22b (flat on 2Q 2024). Profit margin: 8.0% (down from 8.2% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Upcoming Dividend • Jun 20
Upcoming dividend of JP¥22.50 per share Eligible shareholders must have bought the stock before 27 June 2025. Payment date: 03 September 2025. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (4.0%). Higher than average of industry peers (1.9%). Announcement • Jun 14
OPTEX GROUP Company, Limited to Report Q2, 2025 Results on Aug 08, 2025 OPTEX GROUP Company, Limited announced that they will report Q2, 2025 results on Aug 08, 2025 Reported Earnings • May 10
First quarter 2025 earnings released: EPS: JP¥49.92 (vs JP¥36.62 in 1Q 2024) First quarter 2025 results: EPS: JP¥49.92 (up from JP¥36.62 in 1Q 2024). Revenue: JP¥15.1b (down 2.5% from 1Q 2024). Net income: JP¥1.78b (up 37% from 1Q 2024). Profit margin: 12% (up from 8.4% in 1Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.7% 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 increased by 8% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Declared Dividend • Apr 11
Final dividend of JP¥22.50 announced Shareholders will receive a dividend of JP¥22.50. Ex-date: 27th June 2025 Payment date: 3rd September 2025 Dividend yield will be 3.0%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (28% earnings payout ratio) and cash flows (27% 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 25% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to JP¥1,463, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 11x in the Electronic industry in Japan. Total loss to shareholders of 8.6% over the past three years. Announcement • Mar 15
OPTEX GROUP Company, Limited to Report Q1, 2025 Results on May 09, 2025 OPTEX GROUP Company, Limited announced that they will report Q1, 2025 results on May 09, 2025 Reported Earnings • Feb 16
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: JP¥160 (up from JP¥130 in FY 2023). Revenue: JP¥63.3b (up 12% from FY 2023). Net income: JP¥5.69b (up 24% from FY 2023). Profit margin: 9.0% (up from 8.2% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Revenue is forecast to grow 6.5% 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 but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Feb 14
OPTEX GROUP Company, Limited, Annual General Meeting, Mar 28, 2025 OPTEX GROUP Company, Limited, Annual General Meeting, Mar 28, 2025. Upcoming Dividend • Dec 20
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 28 March 2025. Payout ratio is a comfortable 28% 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 (1.6%). Announcement • Dec 17
OPTEX GROUP Company, Limited to Report Fiscal Year 2024 Results on Feb 14, 2025 OPTEX GROUP Company, Limited announced that they will report fiscal year 2024 results on Feb 14, 2025 New Risk • Dec 04
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: 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 (5.5% average weekly change). Reported Earnings • Nov 09
Third quarter 2024 earnings released: EPS: JP¥39.00 (vs JP¥39.83 in 3Q 2023) Third quarter 2024 results: EPS: JP¥39.00 (down from JP¥39.83 in 3Q 2023). Revenue: JP¥16.4b (up 19% from 3Q 2023). Net income: JP¥1.39b (down 1.8% from 3Q 2023). Profit margin: 8.5% (down from 10% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 7% per year. Announcement • Sep 14
OPTEX GROUP Company, Limited to Report Q3, 2024 Results on Nov 07, 2024 OPTEX GROUP Company, Limited announced that they will report Q3, 2024 results on Nov 07, 2024 Reported Earnings • Aug 08
Second quarter 2024 earnings released: EPS: JP¥34.45 (vs JP¥22.60 in 2Q 2023) Second quarter 2024 results: EPS: JP¥34.45 (up from JP¥22.60 in 2Q 2023). Revenue: JP¥15.1b (up 13% from 2Q 2023). Net income: JP¥1.23b (up 53% from 2Q 2023). Profit margin: 8.2% (up from 6.0% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.8% 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 increased by 9% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. 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 Dividend is not well covered by cash flows (183% cash payout ratio). Share price has been volatile over the past 3 months (6.2% average weekly change). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to JP¥1,344, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 12x in the Electronic industry in Japan. Total loss to shareholders of 15% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥666 per share. Announcement • Jun 17
OPTEX GROUP Company, Limited to Report Q2, 2024 Results on Aug 06, 2024 OPTEX GROUP Company, Limited announced that they will report Q2, 2024 results on Aug 06, 2024 Reported Earnings • May 12
First quarter 2024 earnings released: EPS: JP¥36.62 (vs JP¥33.27 in 1Q 2023) First quarter 2024 results: EPS: JP¥36.62 (up from JP¥33.27 in 1Q 2023). Revenue: JP¥15.5b (up 12% from 1Q 2023). Net income: JP¥1.30b (up 10% from 1Q 2023). Profit margin: 8.4% (down from 8.6% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.8% 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 increased by 14% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Declared Dividend • Apr 11
Final dividend of JP¥20.00 announced Shareholders will receive a dividend of JP¥20.00. Ex-date: 27th June 2024 Payment date: 4th September 2024 Dividend yield will be 2.1%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (37% earnings payout ratio) but not covered by cash flows (183% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 56% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Mar 20
OPTEX GROUP Company, Limited to Report Q1, 2024 Results on May 10, 2024 OPTEX GROUP Company, Limited announced that they will report Q1, 2024 results on May 10, 2024 Reported Earnings • Feb 16
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: JP¥130 (down from JP¥134 in FY 2022). Revenue: JP¥56.4b (up 2.8% from FY 2022). Net income: JP¥4.61b (down 3.0% from FY 2022). Profit margin: 8.2% (down from 8.7% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.2%. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Feb 15
OPTEX GROUP Company, Limited, Annual General Meeting, Mar 27, 2024 OPTEX GROUP Company, Limited, Annual General Meeting, Mar 27, 2024. Announcement • Feb 14
OPTEX GROUP Company, Limited Announces Retirement of Management OPTEX GROUP Company, Limited announced retirement of Isamu Oguni as Executive Chairman [Concurrent holding of executive positions at Group companies] CCS INC. Director; Toru Kobayashi as Director and Senior Corporate Adviser [Concurrent holding of executive positions at Group companies] OPTEX CO., LTD. Director; Yukio Kuroda as Director (Audit and Supervisory Committee). The terms of office of Mr. Isamu Oguni, Mr. Toru Kobayashi and Mr. Yukio Kuroda will expire at the conclusion of the 45th Ordinary General Shareholders' Meeting scheduled to be held on March 27, 2024. The company also announced retirement of Yasushi Sakemi as Outside directors (Audit & Supervisory Committee member). The term of office of Mr. Yasushi Sakemi as Director will expire at the conclusion of the 45th Ordinary General Shareholders' Meeting scheduled to be held on March 27, 2024. Upcoming Dividend • Dec 21
Upcoming dividend of JP¥20.00 per share at 2.3% yield Eligible shareholders must have bought the stock before 28 December 2023. Payment date: 27 March 2024. Payout ratio is a comfortable 37% but the company is not cash flow positive. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.5%). Announcement • Dec 20
OPTEX GROUP Company, Limited to Report Fiscal Year 2023 Results on Feb 14, 2024 OPTEX GROUP Company, Limited announced that they will report fiscal year 2023 results on Feb 14, 2024 Reported Earnings • Nov 09
Third quarter 2023 earnings released: EPS: JP¥39.83 (vs JP¥39.41 in 3Q 2022) Third quarter 2023 results: EPS: JP¥39.83 (up from JP¥39.41 in 3Q 2022). Revenue: JP¥13.8b (up 4.6% from 3Q 2022). Net income: JP¥1.42b (up 1.1% from 3Q 2022). Profit margin: 10% (in line with 3Q 2022). Revenue is forecast to grow 7.7% 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 27% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Sep 16
OPTEX GROUP Company, Limited to Report Q3, 2023 Results on Nov 08, 2023 OPTEX GROUP Company, Limited announced that they will report Q3, 2023 results on Nov 08, 2023 New Risk • Aug 10
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: 6.6% Last year net profit margin: 9.9% 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 Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (6.6% net profit margin). Reported Earnings • Aug 09
Second quarter 2023 earnings released: EPS: JP¥22.60 (vs JP¥38.76 in 2Q 2022) Second quarter 2023 results: EPS: JP¥22.60 (down from JP¥38.76 in 2Q 2022). Revenue: JP¥13.4b (flat on 2Q 2022). Net income: JP¥803.0m (down 42% from 2Q 2022). Profit margin: 6.0% (down from 10% in 2Q 2022). Revenue is forecast to grow 7.9% 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 34% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Announcement • Jul 30
OPTEX Group Co., Ltd. Revises Consolidated Earnings Guidance for the Six Months Ended June 30, 2023 and Year Ending December 31, 2023 OPTEX Group Co. Ltd. revised consolidated earnings guidance for the six months ended June 30, 2023 and year ending December 31, 2023. For the six months ending June 30, 2023, the company expects net sales of JPY 27,197 million compared to previous guidance of JPY 29,200 million; operating profit of JPY 2,662 million compared to previous guidance of JPY 3,600 million; and profit attributable to owners of parent of JPY 1,986 million or JPY 55.93 per basic share compared to previous guidance of JPY 2,550 million or JPY 71.78 per basic share.For the year ending December 31, 2023, the company expects net sales of JPY 57,000 million compared to previous guidance of JPY 60,000 million; operating profit of JPY 6,500 million compared to previous guidance of JPY 7,500 million; and profit attributable to owners of parent of JPY 5,000 million or JPY 140.75 per basic share compared to previous guidance of JPY 5,300 million or JPY 149.19 per basic share. Upcoming Dividend • Jun 22
Upcoming dividend of JP¥20.00 per share at 2.0% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 04 September 2023. Payout ratio is a comfortable 31% but the company is paying out more than the cash it is generating. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.4%). Announcement • Jun 16
OPTEX GROUP Company, Limited to Report Q2, 2023 Results on Aug 08, 2023 OPTEX GROUP Company, Limited announced that they will report Q2, 2023 results on Aug 08, 2023 Reported Earnings • May 12
First quarter 2023 earnings released: EPS: JP¥33.27 (vs JP¥49.07 in 1Q 2022) First quarter 2023 results: EPS: JP¥33.27 (down from JP¥49.07 in 1Q 2022). Revenue: JP¥13.8b (flat on 1Q 2022). Net income: JP¥1.18b (down 32% from 1Q 2022). Profit margin: 8.6% (down from 13% in 1Q 2022). Revenue is forecast to grow 8.0% 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 increased by 40% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 29
Full year 2022 earnings: Revenues in line with analyst expectations Full year 2022 results: Revenue: JP¥54.8b (up 20% from FY 2021). Net income: JP¥4.75b (up 26% from FY 2021). Profit margin: 8.7% (up from 8.2% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Electronic industry in Japan. Reported Earnings • Feb 17
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: EPS: JP¥134 (up from JP¥104 in FY 2021). Revenue: JP¥54.8b (up 20% from FY 2021). Net income: JP¥4.75b (up 26% from FY 2021). Profit margin: 8.7% (up from 8.2% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 18%. Revenue is forecast to grow 7.4% p.a. on average during the next 2 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 42% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥18.00 per share Eligible shareholders must have bought the stock before 29 December 2022. Payment date: 28 March 2023. Payout ratio is a comfortable 22% and the cash payout ratio is 97%. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.8%). Announcement • Dec 16
OPTEX GROUP Company, Limited to Report Fiscal Year 2022 Results on Feb 14, 2023 OPTEX GROUP Company, Limited announced that they will report fiscal year 2022 results on Feb 14, 2023 Reported Earnings • Nov 18
Third quarter 2022 earnings released: EPS: JP¥39.41 (vs JP¥28.52 in 3Q 2021) Third quarter 2022 results: EPS: JP¥39.41 (up from JP¥28.52 in 3Q 2021). Revenue: JP¥13.2b (up 17% from 3Q 2021). Net income: JP¥1.40b (up 36% from 3Q 2021). Profit margin: 11% (up from 9.1% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.3% 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 40% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. 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. 7 non-independent directors. Independent Outside Director Kazuhiro Yoshida was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 10
Third quarter 2022 earnings released: EPS: JP¥39.41 (vs JP¥28.52 in 3Q 2021) Third quarter 2022 results: EPS: JP¥39.41 (up from JP¥28.52 in 3Q 2021). Revenue: JP¥13.2b (up 17% from 3Q 2021). Net income: JP¥1.40b (up 36% from 3Q 2021). Profit margin: 11% (up from 9.1% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.3% 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 40% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Sep 16
OPTEX GROUP Company, Limited to Report Q3, 2022 Results on Nov 08, 2022 OPTEX GROUP Company, Limited announced that they will report Q3, 2022 results on Nov 08, 2022 Reported Earnings • Aug 09
Second quarter 2022 earnings released: EPS: JP¥38.76 (vs JP¥23.89 in 2Q 2021) Second quarter 2022 results: EPS: JP¥38.76 (up from JP¥23.89 in 2Q 2021). Revenue: JP¥13.3b (up 13% from 2Q 2021). Net income: JP¥1.38b (up 59% from 2Q 2021). Profit margin: 10% (up from 7.3% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 12%, compared to a 9.5% growth forecast for the 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 only increased by 13% per year, which means it is significantly lagging earnings growth. Announcement • Jul 29
OPTEX GROUP Company, Limited Revises Earnings Forecast for the First Half of Fiscal Year Ending December 31, 2022 OPTEX GROUP Company, Limited revised earnings forecast for the first half of fiscal year ending December 31, 2022. For the period company now expected Net sales of JPY 27,241 million against previous guidance of JPY 26,100 million. Operating income of JPY 3,590 million against previous guidance of JPY 2,850 million. Profit attributable to owners of parent of JPY 3,120 million against previous guidance of JPY 2,150 million. Net income per share of JPY 87.85 against previous guidance of JPY 60.53. Upcoming Dividend • Jun 22
Upcoming dividend of JP¥18.00 per share Eligible shareholders must have bought the stock before 29 June 2022. Payment date: 02 September 2022. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.6%). Reported Earnings • May 11
First quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat First quarter 2022 results: EPS: JP¥49.07 (up from JP¥29.23 in 1Q 2021). Revenue: JP¥13.9b (up 27% from 1Q 2021). Net income: JP¥1.74b (up 65% from 1Q 2021). Profit margin: 13% (up from 9.6% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 9.9%, 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 15% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. 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 Kazuhiro Yoshida was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 16
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: JP¥104 (up from JP¥38.58 in FY 2020). Revenue: JP¥45.9b (up 32% from FY 2020). Net income: JP¥3.76b (up 170% from FY 2020). Profit margin: 8.2% (up from 4.0% in FY 2020). 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. Over the next year, revenue is forecast to grow 6.7%, compared to a 7.6% growth forecast for the 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 fallen by 8% per year, which means it is performing significantly worse than earnings. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 29 March 2022. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.1%). Reported Earnings • Nov 10
Third quarter 2021 earnings released: EPS JP¥28.51 (vs JP¥3.51 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥11.3b (up 32% from 3Q 2020). Net income: JP¥1.03b (up JP¥904.0m from 3Q 2020). Profit margin: 9.1% (up from 1.5% in 3Q 2020). The increase in margin was driven by higher revenue. 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 11% per year. Reported Earnings • Aug 09
Second quarter 2021 earnings released: EPS JP¥23.89 (vs JP¥6.36 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥11.8b (up 50% from 2Q 2020). Net income: JP¥864.0m (up 276% from 2Q 2020). Profit margin: 7.3% (up from 2.9% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 26% 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.