Price Target Changed • Jun 17
Price target increased by 15% to JP¥2,157 Up from JP¥1,879, the current price target is an average from 7 analysts. New target price is 22% below last closing price of JP¥2,776. Stock is up 69% over the past year. The company is forecast to post earnings per share of JP¥54.84 for next year compared to JP¥47.32 last year. Valuation Update With 7 Day Price Move • Jun 10
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥2,369, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 17x in the Electronic industry in Japan. Total loss to shareholders of 30% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,337 per share. Announcement • Jun 06
Hamamatsu Photonics K.K. to Report Q3, 2026 Results on Aug 06, 2026 Hamamatsu Photonics K.K. announced that they will report Q3, 2026 results on Aug 06, 2026 Declared Dividend • Jun 03
First half dividend of JP¥19.00 announced Dividend of JP¥19.00 is the same as last year. Ex-date: 29th September 2026 Payment date: 22nd December 2026 Dividend yield will be 1.3%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (42% earnings payout ratio) but not covered by cash flows (113% cash payout ratio). The dividend has increased by an average of 9.0% 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 56% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Live News • Jun 01
Hamamatsu Photonics Buys Over 9 Million Shares Under Ongoing Repurchase Program Hamamatsu Photonics repurchased 403,200 shares in May 2026 for about ¥1.12 billion under its ongoing share buyback program.
The total number of shares acquired under the buyback has now exceeded 9 million.
The repurchases use a significant portion of the board-approved buyback capacity and may indicate management’s confidence in the company’s valuation and prospects.
A large, active buyback like this reduces the pool of shares in the market, which can lift earnings per share and concentrate future results among remaining shareholders.
You should pay close attention to how the buyback is funded and any impact on the company’s cash position or balance sheet strength over time. Reported Earnings • May 18
Second quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2026 results: EPS: JP¥22.02 (up from JP¥19.23 in 2Q 2025). Revenue: JP¥60.6b (up 7.9% from 2Q 2025). Net income: JP¥6.44b (up 12% from 2Q 2025). Profit margin: 11% (in line with 2Q 2025). Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) missed analyst estimates by 29%. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. New Risk • May 15
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 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risk Profit margins are more than 30% lower than last year (6.0% net profit margin). Valuation Update With 7 Day Price Move • May 15
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to JP¥2,657, the stock trades at a forward P/E ratio of 51x. Average forward P/E is 18x in the Electronic industry in Japan. Total loss to shareholders of 23% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,393 per share. Announcement • May 09
Hamamatsu Photonics K.K. to Report Q2, 2026 Results on May 14, 2026 Hamamatsu Photonics K.K. announced that they will report Q2, 2026 results on May 14, 2026 Buy Or Sell Opportunity • Mar 24
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 9.0% to JP¥1,847. The fair value is estimated to be JP¥1,483, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 42%. For the next 3 years, revenue is forecast to grow by 5.9% per annum. Earnings are also forecast to grow by 17% per annum over the same time period. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥19.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 03 June 2026. Payout ratio is on the higher end at 89%, and the cash payout ratio is above 100%. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%). New Risk • Mar 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 5.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (dividend per share is over 19x cash flows per share). Share price has been volatile over the past 3 months (5.8% average weekly change). Profit margins are more than 30% lower than last year (6.0% net profit margin). Valuation Update With 7 Day Price Move • Feb 25
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥2,032, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 17x in the Electronic industry in Japan. Total loss to shareholders of 36% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,467 per share. Buy Or Sell Opportunity • Feb 17
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 17% to JP¥1,769. The fair value is estimated to be JP¥1,459, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 42%. For the next 3 years, revenue is forecast to grow by 5.9% per annum. Earnings are also forecast to grow by 17% per annum over the same time period. Reported Earnings • Feb 07
First quarter 2026 earnings released: EPS: JP¥9.38 (vs JP¥13.76 in 1Q 2025) First quarter 2026 results: EPS: JP¥9.38 (down from JP¥13.76 in 1Q 2025). Revenue: JP¥51.9b (up 2.6% from 1Q 2025). Net income: JP¥2.78b (down 34% from 1Q 2025). Profit margin: 5.4% (down from 8.3% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.7% 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 fallen by 42% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Declared Dividend • Jan 08
Final dividend of JP¥19.00 announced Dividend of JP¥19.00 is the same as last year. Ex-date: 30th March 2026 Payment date: 3rd June 2026 Dividend yield will be 2.2%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (80% earnings payout ratio) but not covered by cash flows (dividend approximately 20x free cash flows). The dividend has increased by an average of 9.4% 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 43% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Dec 09
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥1,786, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 16x in the Electronic industry in Japan. Total loss to shareholders of 46% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,537 per share. Announcement • Dec 05
Hamamatsu Photonics K.K. to Report Q1, 2026 Results on Feb 05, 2026 Hamamatsu Photonics K.K. announced that they will report Q1, 2026 results on Feb 05, 2026 Major Estimate Revision • Dec 03
Consensus EPS estimates fall by 13% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from JP¥57.51 to JP¥49.90 per share. Revenue forecast steady at JP¥225.8b. Net income forecast to grow 5.3% next year vs 11% growth forecast for Electronic industry in Japan. Consensus price target broadly unchanged at JP¥1,875. Share price was steady at JP¥1,558 over the past week. Announcement • Nov 09
Hamamatsu Photonics K.K. (TSE:6965) announces an Equity Buyback for 15,000,000 shares, representing 5.02% for ¥20,000 million. Hamamatsu Photonics K.K. (TSE:6965) announces a share repurchase program. Under the program, the company will repurchase up to 15,000,000 shares, representing 5.02% of its share capital, for ¥20,000 million. The company will repurchase its shares as part of its capital policy in response to changes in the business environment and as part of the company's comprehensive shareholder return policy. The share repurchase program will run until September 30, 2026. Reported Earnings • Nov 08
Full year 2025 earnings: Revenues and EPS in line with analyst expectations Full year 2025 results: EPS: JP¥47.32 (down from JP¥81.18 in FY 2024). Revenue: JP¥212.1b (up 4.0% from FY 2024). Net income: JP¥14.2b (down 44% from FY 2024). Profit margin: 6.7% (down from 12% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 6.0% 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 fallen by 36% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Announcement • Nov 07
Hamamatsu Photonics K.K., Annual General Meeting, Dec 19, 2025 Hamamatsu Photonics K.K., Annual General Meeting, Dec 19, 2025. New Risk • Nov 05
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 7.9% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.9% average weekly change). Minor Risks Dividend is not well covered by cash flows (220% cash payout ratio). Profit margins are more than 30% lower than last year (6.9% net profit margin). Buy Or Sell Opportunity • Oct 27
Now 26% overvalued Over the last 90 days, the stock has fallen 1.1% to JP¥1,812. The fair value is estimated to be JP¥1,433, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 29%. For the next 3 years, revenue is forecast to grow by 6.0% per annum. Earnings are also forecast to grow by 14% per annum over the same time period. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥19.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 23 December 2025. Payout ratio is on the higher end at 80%, and the cash payout ratio is above 100%. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%). Announcement • Sep 14
Hamamatsu Photonics K.K. to Report Fiscal Year 2025 Results on Nov 07, 2025 Hamamatsu Photonics K.K. announced that they will report fiscal year 2025 results on Nov 07, 2025 Major Estimate Revision • Sep 02
Consensus EPS estimates fall by 11% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from JP¥59.05 to JP¥52.71 per share. Revenue forecast steady at JP¥215.9b. Net income forecast to grow 36% next year vs 16% growth forecast for Electronic industry in Japan. Consensus price target down from JP¥2,094 to JP¥2,044. Share price fell 5.9% to JP¥1,514 over the past week. Reported Earnings • Aug 08
Third quarter 2025 earnings: EPS and revenues miss analyst expectations Third quarter 2025 results: JP¥1.10 loss per share (down from JP¥11.75 profit in 3Q 2024). Revenue: JP¥48.7b (up 4.6% from 3Q 2024). Net loss: JP¥327.0m (down 109% from profit in 3Q 2024). Revenue missed analyst estimates by 7.7%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 6.4% 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 29% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Jul 01
Now 21% undervalued Over the last 90 days, the stock has risen 17% to JP¥1,726. The fair value is estimated to be JP¥2,172, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 20%. For the next 3 years, revenue is forecast to grow by 6.1% per annum. Earnings are also forecast to grow by 14% per annum over the same time period. Announcement • Jun 27
Hamamatsu Photonics K.K. to Report Q3, 2025 Results on Aug 07, 2025 Hamamatsu Photonics K.K. announced that they will report Q3, 2025 results on Aug 07, 2025 Declared Dividend • Jun 04
First half dividend of JP¥19.00 announced Shareholders will receive a dividend of JP¥19.00. Ex-date: 29th September 2025 Payment date: 23rd December 2025 Dividend yield will be 2.5%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (63% earnings payout ratio) but not covered by cash flows (220% cash payout ratio). The dividend has increased by an average of 9.7% 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 56% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 10
Second quarter 2025 earnings released: EPS: JP¥19.23 (vs JP¥25.27 in 2Q 2024) Second quarter 2025 results: EPS: JP¥19.23 (down from JP¥25.27 in 2Q 2024). Revenue: JP¥56.2b (up 11% from 2Q 2024). Net income: JP¥5.75b (down 27% from 2Q 2024). Profit margin: 10% (down from 16% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has fallen by 20% per year whereas the company’s share price has fallen by 23% per year. New Risk • Apr 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.4% 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 (133% cash payout ratio). Share price has been volatile over the past 3 months (6.4% average weekly change). Profit margins are more than 30% lower than last year (10% net profit margin). Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to JP¥1,163, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 10x in the Electronic industry in Japan. Total loss to shareholders of 59% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,227 per share. Announcement • Mar 29
Hamamatsu Photonics K.K. to Report Q2, 2025 Results on May 09, 2025 Hamamatsu Photonics K.K. announced that they will report Q2, 2025 results on May 09, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥19.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 04 June 2025. Payout ratio is a comfortable 57% but the company is paying out more than the cash it is generating. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.7%). Buy Or Sell Opportunity • Feb 20
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 7.4% to JP¥1,683. The fair value is estimated to be JP¥2,130, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.7% over the last 3 years. Earnings per share has declined by 10%. For the next 3 years, revenue is forecast to grow by 6.9% per annum. Earnings are also forecast to grow by 13% per annum over the same time period. Reported Earnings • Feb 07
First quarter 2025 earnings: EPS and revenues miss analyst expectations First quarter 2025 results: EPS: JP¥13.76 (down from JP¥28.88 in 1Q 2024). Revenue: JP¥50.6b (down 5.5% from 1Q 2024). Net income: JP¥4.19b (down 53% from 1Q 2024). Profit margin: 8.3% (down from 17% in 1Q 2024). The decrease in margin was primarily driven by lower revenue. Revenue missed analyst estimates by 4.9%. Earnings per share (EPS) also missed analyst estimates by 67%. Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 16% per year, which means it is performing significantly worse than earnings. Declared Dividend • Jan 06
Final dividend of JP¥19.00 announced Shareholders will receive a dividend of JP¥19.00. Ex-date: 28th March 2025 Payment date: 4th June 2025 Dividend yield will be 3.3%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (47% earnings payout ratio) but not covered by cash flows (134% 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 28% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jan 03
Hamamatsu Photonics K.K. to Report Q1, 2025 Results on Feb 06, 2025 Hamamatsu Photonics K.K. announced that they will report Q1, 2025 results on Feb 06, 2025 Price Target Changed • Dec 17
Price target decreased by 10% to JP¥2,314 Down from JP¥2,571, the current price target is an average from 7 analysts. New target price is 30% above last closing price of JP¥1,786. Stock is down 38% over the past year. The company is forecast to post earnings per share of JP¥68.96 for next year compared to JP¥81.18 last year. Major Estimate Revision • Nov 26
Consensus EPS estimates fall by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from JP¥223.9b to JP¥219.8b. EPS estimate also fell from JP¥82.28 per share to JP¥72.55 per share. Net income forecast to shrink 11% next year vs 15% growth forecast for Electronic industry in Japan . Consensus price target down from JP¥2,650 to JP¥2,571. Share price was steady at JP¥1,740 over the past week. Valuation Update With 7 Day Price Move • Nov 15
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥1,693, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 12x in the Electronic industry in Japan. Total loss to shareholders of 52% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,262 per share. New Risk • Nov 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.9% 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 Dividend is not well covered by cash flows (137% cash payout ratio). Share price has been volatile over the past 3 months (5.9% average weekly change). Profit margins are more than 30% lower than last year (12% net profit margin). Reported Earnings • Nov 09
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: JP¥162. Revenue: JP¥204.0b (down 7.9% from FY 2023). Net income: JP¥25.1b (down 41% from FY 2023). Profit margin: 12% (down from 19% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.6%. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Electronic industry in Japan. Price Target Changed • Oct 22
Price target decreased by 11% to JP¥2,558 Down from JP¥2,875, the current price target is an average from 6 analysts. New target price is 28% above last closing price of JP¥1,998. Stock is down 31% over the past year. The company is forecast to post earnings per share of JP¥85.45 for next year compared to JP¥138 last year. Major Estimate Revision • Oct 17
Consensus EPS estimates increase by 16% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from JP¥85.45 to JP¥99.53. Revenue forecast unchanged at JP¥205.6b. Net income forecast to shrink 8.9% next year vs 8.1% growth forecast for Electronic industry in Japan . Consensus price target of JP¥2,707 unchanged from last update. Share price fell 4.4% to JP¥2,001 over the past week. Announcement • Sep 26
Hamamatsu Photonics K.K. to Report Fiscal Year 2024 Results on Nov 08, 2024 Hamamatsu Photonics K.K. announced that they will report fiscal year 2024 results on Nov 08, 2024 Upcoming Dividend • Sep 20
Upcoming dividend of JP¥38.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 25 December 2024. Payout ratio is a comfortable 38% and the cash payout ratio is 96%. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.5%). Price Target Changed • Aug 26
Price target decreased by 8.5% to JP¥5,750 Down from JP¥6,283, the current price target is an average from 6 analysts. New target price is 47% above last closing price of JP¥3,919. Stock is down 42% over the past year. The company is forecast to post earnings per share of JP¥173 for next year compared to JP¥277 last year. Reported Earnings • Aug 11
Third quarter 2024 earnings released Third quarter 2024 results: Net income: (down JP¥8.72b from profit in 3Q 2023). Revenue is forecast to grow 6.7% 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 11% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Jul 24
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 26% to JP¥4,200. The fair value is estimated to be JP¥5,416, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 20%. For the next 3 years, revenue is forecast to grow by 6.0% per annum. Earnings are also forecast to grow by 2.4% per annum over the same time period. Announcement • Jul 17
Hamamatsu Photonics K.K. to Report Q3, 2024 Results on Aug 08, 2024 Hamamatsu Photonics K.K. announced that they will report Q3, 2024 results on Aug 08, 2024 Buy Or Sell Opportunity • Jul 01
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 18% to JP¥4,293. The fair value is estimated to be JP¥5,348, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 20%. For the next 3 years, revenue is forecast to grow by 6.0% per annum. Earnings are also forecast to grow by 2.4% per annum over the same time period. Announcement • Jun 21
Hamamatsu Photonics K.K. (TSE:6965) announces an Equity Buyback for 2,800,000 shares, representing 1.33% for ¥10,000 million. Hamamatsu Photonics K.K. (TSE:6965) announces a share repurchase program. Under the program, the company will repurchase up to 2,800,000 shares, representing 1.33% of its share capital, for ¥10,000 million. The company will repurchase its shares as part of its capital policy in response to changes in the business environment and as part of the company's comprehensive shareholder return policy. The repurchased shares will be cancelled to dispel concerns about future dilution of shares. The share repurchase program will run until December 30, 2024. Buy Or Sell Opportunity • Jun 21
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 21% to JP¥4,347. The fair value is estimated to be JP¥5,443, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 20%. For the next 3 years, revenue is forecast to grow by 6.2% per annum. Earnings are also forecast to grow by 3.6% per annum over the same time period. Reported Earnings • May 11
Second quarter 2024 earnings: EPS and revenues miss analyst expectations Second quarter 2024 results: EPS: JP¥50.53 (down from JP¥80.27 in 2Q 2023). Revenue: JP¥50.5b (down 11% from 2Q 2023). Net income: JP¥7.83b (down 37% from 2Q 2023). Profit margin: 16% (down from 22% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 4.5%. Earnings per share (EPS) also missed analyst estimates by 13%. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Mar 28
Hamamatsu Photonics K.K. to Report Q2, 2024 Results on May 09, 2024 Hamamatsu Photonics K.K. announced that they will report Q2, 2024 results on May 09, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥38.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 03 June 2024. Payout ratio is a comfortable 29% but the company is paying out more than the cash it is generating. Trailing yield: 1.4%. Lower than top quartile of Japanese dividend payers (3.2%). In line with average of industry peers (1.4%). Reported Earnings • Feb 10
First quarter 2024 earnings: EPS exceeds analyst expectations First quarter 2024 results: EPS: JP¥57.77 (down from JP¥73.11 in 1Q 2023). Revenue: JP¥53.5b (down 3.0% from 1Q 2023). Net income: JP¥8.95b (down 21% from 1Q 2023). Profit margin: 17% (down from 21% in 1Q 2023). The decrease in margin was primarily driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 16%. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Reported Earnings • Dec 28
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: JP¥277 (up from JP¥267 in FY 2022). Revenue: JP¥221.4b (up 6.1% from FY 2022). Net income: JP¥42.8b (up 3.7% from FY 2022). Profit margin: 19% (in line with FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.2%. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.