Announcement • Mar 04
Satori Electric Co., Ltd. to Be Delisted from Prime Market Segment of the Tokyo Stock Exchange Effective from March 30, 2026 Satori Electric Co., Ltd. will be delisted from Prime Market Segment of the Tokyo Stock Exchange effective from March 30, 2026 due to becoming a wholly owned subsidiary of MIRAINI HOLDINGS CO.,LTD.(Stock Transfer). Reported Earnings • Jan 15
Second quarter 2026 earnings released: EPS: JP¥57.70 (vs JP¥51.74 in 2Q 2025) Second quarter 2026 results: EPS: JP¥57.70 (up from JP¥51.74 in 2Q 2025). Revenue: JP¥40.3b (up 1.8% from 2Q 2025). Net income: JP¥829.0m (up 12% from 2Q 2025). Profit margin: 2.1% (up from 1.9% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 11% per year. Announcement • Nov 26
Satori Electric Co., Ltd. to Report Q2, 2026 Results on Jan 14, 2026 Satori Electric Co., Ltd. announced that they will report Q2, 2026 results on Jan 14, 2026 Upcoming Dividend • Nov 20
Upcoming dividend of JP¥44.00 per share Eligible shareholders must have bought the stock before 27 November 2025. Payment date: 16 February 2026. Payout ratio is a comfortable 43% but the company is paying out more than the cash it is generating. Trailing yield: 4.9%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.8%). Reported Earnings • Oct 15
First quarter 2026 earnings released: EPS: JP¥49.88 (vs JP¥28.14 in 1Q 2025) First quarter 2026 results: EPS: JP¥49.88 (up from JP¥28.14 in 1Q 2025). Revenue: JP¥38.1b (flat on 1Q 2025). Net income: JP¥716.0m (up 78% from 1Q 2025). Profit margin: 1.9% (up from 1.1% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 13% per year. Declared Dividend • Sep 10
Final dividend of JP¥44.00 announced Shareholders will receive a dividend of JP¥44.00. Ex-date: 27th November 2025 Payment date: 16th February 2026 Dividend yield will be 4.7%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (49% earnings payout ratio) but not covered by cash flows (128% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 123% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Aug 23
Satori Electric Co., Ltd. to Report Q1, 2026 Results on Oct 14, 2025 Satori Electric Co., Ltd. announced that they will report Q1, 2026 results on Oct 14, 2025 Reported Earnings • Jul 15
Full year 2025 earnings released: EPS: JP¥176 (vs JP¥149 in FY 2024) Full year 2025 results: EPS: JP¥176 (up from JP¥149 in FY 2024). Revenue: JP¥156.2b (up 5.5% from FY 2024). Net income: JP¥2.52b (up 17% from FY 2024). Profit margin: 1.6% (up from 1.5% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 14
Satori Electric Co., Ltd., Annual General Meeting, Aug 21, 2025 Satori Electric Co., Ltd., Annual General Meeting, Aug 21, 2025. Announcement • Jun 21
Satori Electric Co., Ltd. Announces Retiring Directors, Effective August 21, 2025 Satori Electric Co., Ltd. announced retiring of from their positions, excluding those who are Audit and Supervisory Committee Members, Effective August 21, 2025. Hiroshi Nakamaru's current title is Director, Managing Executive Officer, and Head of Global Segment, and he will transition to the new title of Managing Executive Officer and Head of Global Segment. Koji Suwahara's current title is Director, Managing Executive Officer, and in charge of Corporate Division: SATORI PINICS CO., LTD. Director, STAR ELECTRONICS CO., LTD., Director, SATORI SP TECHNOLOGY CO.,LTD., Director - SM Electronic Technologies Pvt.Ltd. Director - MAGnetIC Holding B.V. Director, and he will take on the new title of Managing Executive Officer in charge of Corporate Division; [SM Electronic Technologies Pvt.Ltd. Director MAGnetIC Holding B.V. Director]. Upcoming Dividend • May 22
Upcoming dividend of JP¥46.00 per share Eligible shareholders must have bought the stock before 29 May 2025. Payment date: 05 August 2025. Payout ratio is a comfortable 67% and this is well supported by cash flows. Trailing yield: 5.2%. Within top quartile of Japanese dividend payers (4.0%). Higher than average of industry peers (1.9%). Announcement • May 14
Satori Electric Co., Ltd. to Report Fiscal Year 2025 Results on Jul 14, 2025 Satori Electric Co., Ltd. announced that they will report fiscal year 2025 results on Jul 14, 2025 Reported Earnings • Apr 15
Third quarter 2025 earnings released: EPS: JP¥19.23 (vs JP¥26.61 in 3Q 2024) Third quarter 2025 results: EPS: JP¥19.23 (down from JP¥26.61 in 3Q 2024). Revenue: JP¥37.1b (up 12% from 3Q 2024). Net income: JP¥276.0m (down 28% from 3Q 2024). Profit margin: 0.7% (down from 1.2% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 9% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 14
Satori Electric Co., Ltd. Provides Consolidated Earnings Guidance for the Full Year of Fiscal Year Ending May 31, 2025 Satori Electric Co., Ltd. provided consolidated earnings guidance for the full year of fiscal year ending May 31, 2025. For the full year, the company expects net sales to be JPY 154,000 million, operating profit to be JPY 4,300 million, profit attributable to owners of parent to be JPY 2,500 million and basic earnings per share to be JPY 174.31. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥1,498, the stock trades at a trailing P/E ratio of 10.6x. Average trailing P/E is 12x in the Electronic industry in Japan. Total returns to shareholders of 82% over the past three years. Announcement • Feb 27
Satori Electric Co., Ltd. to Report Q3, 2025 Results on Apr 14, 2025 Satori Electric Co., Ltd. announced that they will report Q3, 2025 results on Apr 14, 2025 Declared Dividend • Feb 15
First half dividend of JP¥46.00 announced Shareholders will receive a dividend of JP¥46.00. Ex-date: 29th May 2025 Payment date: 5th August 2025 Dividend yield will be 5.1%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (64% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 62% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Jan 15
Second quarter 2025 earnings released: EPS: JP¥51.74 (vs JP¥60.97 in 2Q 2024) Second quarter 2025 results: EPS: JP¥51.74 (down from JP¥60.97 in 2Q 2024). Revenue: JP¥39.6b (up 1.8% from 2Q 2024). Net income: JP¥742.0m (down 16% from 2Q 2024). Profit margin: 1.9% (down from 2.3% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 23
Satori Electric Co., Ltd. to Report Q2, 2025 Results on Jan 14, 2025 Satori Electric Co., Ltd. announced that they will report Q2, 2025 results on Jan 14, 2025 Upcoming Dividend • Nov 21
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 28 November 2024. Payment date: 14 February 2025. Payout ratio is a comfortable 53% and this is well supported by cash flows. Trailing yield: 4.6%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.6%). Reported Earnings • Oct 16
First quarter 2025 earnings released: EPS: JP¥28.14 (vs JP¥26.86 in 1Q 2024) First quarter 2025 results: EPS: JP¥28.14 (up from JP¥26.86 in 1Q 2024). Revenue: JP¥38.2b (up 8.4% from 1Q 2024). Net income: JP¥403.0m (up 1.0% from 1Q 2024). Profit margin: 1.1% (in line with 1Q 2024). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Sep 19
Final dividend of JP¥40.00 announced Shareholders will receive a dividend of JP¥40.00. Ex-date: 28th November 2024 Payment date: 14th February 2025 Dividend yield will be 4.7%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (54% earnings payout ratio) and cash flows (24% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 53% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Aug 23
Satori Electric Co., Ltd. to Report Q1, 2025 Results on Oct 11, 2024 Satori Electric Co., Ltd. announced that they will report Q1, 2025 results on Oct 11, 2024 Buy Or Sell Opportunity • Aug 06
Now 28% overvalued Over the last 90 days, the stock has fallen 21% to JP¥1,782. The fair value is estimated to be JP¥1,397, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 22%. 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¥1,644, the stock trades at a trailing P/E ratio of 10.9x. Average trailing P/E is 12x in the Electronic industry in Japan. Total returns to shareholders of 126% over the past three years. Reported Earnings • Jul 16
Full year 2024 earnings released: EPS: JP¥149 (vs JP¥137 in FY 2023) Full year 2024 results: EPS: JP¥149. Revenue: JP¥148.1b (up 1.2% from FY 2023). Net income: JP¥2.16b (down 4.5% from FY 2023). Profit margin: 1.5% (in line with FY 2023). Announcement • Jul 13
Satori Electric Co., Ltd., Annual General Meeting, Aug 21, 2024 Satori Electric Co., Ltd., Annual General Meeting, Aug 21, 2024. Upcoming Dividend • May 23
Upcoming dividend of JP¥50.00 per share Eligible shareholders must have bought the stock before 30 May 2024. Payment date: 05 August 2024. Payout ratio is a comfortable 31% but the company is paying out more than the cash it is generating. Trailing yield: 3.6%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.5%). Announcement • May 03
Satori Electric Co., Ltd. to Report Fiscal Year 2024 Results on Jul 12, 2024 Satori Electric Co., Ltd. announced that they will report fiscal year 2024 results on Jul 12, 2024 Reported Earnings • Apr 12
Third quarter 2024 earnings released: EPS: JP¥26.61 (vs JP¥11.91 in 3Q 2023) Third quarter 2024 results: EPS: JP¥26.61 (up from JP¥11.91 in 3Q 2023). Revenue: JP¥33.2b (up 3.1% from 3Q 2023). Net income: JP¥382.0m (up 95% from 3Q 2023). Profit margin: 1.2% (up from 0.6% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Feb 20
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 6.1% 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 (114% cash payout ratio). Share price has been volatile over the past 3 months (6.1% average weekly change). Announcement • Feb 19
Satori Electric Co., Ltd. (TSE:7420) signed an agreement to acquire 80% stake in MAGnetIC Holding B.V. from Systematic Design Holding B.v. and Zeeuws InvesteringsFonds BV for €12 million. Satori Electric Co., Ltd. (TSE:7420) signed an agreement to acquire 80% stake in MAGnetIC Holding B.V. from Systematic Design Holding B.v. and Zeeuws InvesteringsFonds BV for €12 million on February 19, 2024. The 80% shares represents 13,440 shares in MAGnetIC, out of which, 57.7% or 6,340 shares is being acquired from Systematic Design Holding and 42.3% or 7,100 shares is being acquired from Zeeuws InvesteringsFonds. Satori has taken sufficient procedures to verify the appropriateness of the transaction value by getting third-party due diligence appropriately conducted. As of December, 2022, MAGnetIC reported a net assets of €1.5 million, total assets of €2.4 million, net sales of €3.8 million and operating profit of €0.56 million.
The Transaction is subject to the necessary approval from the governmental authority in the Netherlands. The board of directors of Satori has approved the transaction. Announcement • Feb 16
Satori Electric Co., Ltd. to Report Q3, 2024 Results on Apr 11, 2024 Satori Electric Co., Ltd. announced that they will report Q3, 2024 results on Apr 11, 2024 Reported Earnings • Jan 16
Second quarter 2024 earnings released: EPS: JP¥60.97 (vs JP¥61.75 in 2Q 2023) Second quarter 2024 results: EPS: JP¥60.97 (down from JP¥61.75 in 2Q 2023). Revenue: JP¥38.8b (down 2.5% from 2Q 2023). Net income: JP¥878.0m (down 14% from 2Q 2023). Profit margin: 2.3% (down from 2.6% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 45% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Nov 22
Upcoming dividend of JP¥30.00 per share at 3.6% yield Eligible shareholders must have bought the stock before 29 November 2023. Payment date: 14 February 2024. Payout ratio is a comfortable 54% but the company is not cash flow positive. Trailing yield: 3.6%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.5%). Announcement • Nov 17
Satori Electric Co., Ltd. to Report Q2, 2024 Results on Jan 15, 2024 Satori Electric Co., Ltd. announced that they will report Q2, 2024 results on Jan 15, 2024 Reported Earnings • Oct 14
First quarter 2024 earnings released: EPS: JP¥26.86 (vs JP¥34.95 in 1Q 2023) First quarter 2024 results: EPS: JP¥26.86 (down from JP¥34.95 in 1Q 2023). Revenue: JP¥35.3b (flat on 1Q 2023). Net income: JP¥399.0m (down 31% from 1Q 2023). Profit margin: 1.1% (down from 1.6% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Announcement • Aug 26
Satori Electric Co., Ltd. to Report Q1, 2024 Results on Oct 12, 2023 Satori Electric Co., Ltd. announced that they will report Q1, 2024 results on Oct 12, 2023 Announcement • Jul 15
Satori Electric Co., Ltd., Annual General Meeting, Aug 23, 2023 Satori Electric Co., Ltd., Annual General Meeting, Aug 23, 2023. Reported Earnings • Jul 15
Full year 2023 earnings released: EPS: JP¥137 (vs JP¥116 in FY 2022) Full year 2023 results: EPS: JP¥137 (up from JP¥116 in FY 2022). Revenue: JP¥146.3b (up 16% from FY 2022). Net income: JP¥2.26b (up 18% from FY 2022). Profit margin: 1.5% (in line with FY 2022). Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Announcement • May 28
Satori Electric Co., Ltd. to Report Q4, 2023 Results on Jul 13, 2023 Satori Electric Co., Ltd. announced that they will report Q4, 2023 results on Jul 13, 2023 Upcoming Dividend • May 23
Upcoming dividend of JP¥44.00 per share at 3.6% yield Eligible shareholders must have bought the stock before 30 May 2023. Payment date: 04 August 2023. Payout ratio is a comfortable 53% but the company is not cash flow positive. Trailing yield: 3.6%. Within top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.5%). Announcement • May 10
Satori Electric Co., Ltd. (TSE:7420) announces an Equity Buyback for 2,343,000 shares, representing 14.24% for ¥3,495.76 million. Satori Electric Co., Ltd. (TSE:7420) announces a share repurchase program. Under the program, the company will repurchase 2,343,000 shares, representing 14.24% of the outstanding shares for ¥3,495.76 million. The shares will be repurchased at price of ¥1,492 per share. The purpose of the repurchase program is to improving capital efficiency such as earnings per share (EPS) and return on equity (ROE). The program will run until June 6, 2023. As of February 28, 2023, the company had 16,454,451 shares outstanding and 1,492,375 shares in treasury. Reported Earnings • Apr 15
Third quarter 2023 earnings released: EPS: JP¥11.91 (vs JP¥39.20 in 3Q 2022) Third quarter 2023 results: EPS: JP¥11.91 (down from JP¥39.20 in 3Q 2022). Revenue: JP¥32.2b (up 4.9% from 3Q 2022). Net income: JP¥196.0m (down 70% from 3Q 2022). Profit margin: 0.6% (down from 2.1% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥1,633, the stock trades at a trailing P/E ratio of 10.3x. Average trailing P/E is 11x in the Electronic industry in Japan. Total returns to shareholders of 120% over the past three years. Announcement • Feb 05
Satori Electric Co., Ltd. to Report Q3, 2023 Results on Apr 13, 2023 Satori Electric Co., Ltd. announced that they will report Q3, 2023 results on Apr 13, 2023 Announcement • Jan 20
Satori Electric Co., Ltd. Revises Earning Guidance for Fiscal Year Ending May 31, 2023 Satori Electric Co., Ltd. revised earnings guidance for fiscal year ending May 31, 2023. For the fiscal year ending May 31, 2023, the company expects net sales of JPY 147,000 million, operating profit of JPY 3,700 million, ordinary profit of JPY 3,000 million, profit attributable to owners of parent of JPY 2,300 million and basic earnings per share JPY 139.78. Reported Earnings • Jan 14
Second quarter 2023 earnings released: EPS: JP¥61.74 (vs JP¥28.75 in 2Q 2022) Second quarter 2023 results: EPS: JP¥61.74 (up from JP¥28.75 in 2Q 2022). Revenue: JP¥39.8b (up 26% from 2Q 2022). Net income: JP¥1.02b (up 115% from 2Q 2022). Profit margin: 2.6% (up from 1.5% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Announcement • Nov 23
Satori Electric Co., Ltd. to Report Q2, 2023 Results on Jan 13, 2023 Satori Electric Co., Ltd. announced that they will report Q2, 2023 results on Jan 13, 2023 Upcoming Dividend • Nov 22
Upcoming dividend of JP¥26.00 per share Eligible shareholders must have bought the stock before 29 November 2022. Payment date: 14 February 2023. Payout ratio is a comfortable 49% but the company is not cash flow positive. Trailing yield: 4.5%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.6%). Board Change • Nov 16
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Director & Audit and Supervisory Committee Member Akihiro Taguchi was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Oct 17
First quarter 2023 earnings released: EPS: JP¥34.95 (vs JP¥25.47 in 1Q 2022) First quarter 2023 results: EPS: JP¥34.95 (up from JP¥25.47 in 1Q 2022). Revenue: JP¥35.5b (up 14% from 1Q 2022). Net income: JP¥575.0m (up 37% from 1Q 2022). Profit margin: 1.6% (up from 1.3% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Announcement • Aug 11
Satori Electric Co., Ltd. to Report Q1, 2023 Results on Oct 14, 2022 Satori Electric Co., Ltd. announced that they will report Q1, 2023 results on Oct 14, 2022 Reported Earnings • Jul 17
Full year 2022 earnings released: EPS: JP¥116 (vs JP¥31.60 in FY 2021) Full year 2022 results: EPS: JP¥116 (up from JP¥31.60 in FY 2021). Revenue: JP¥125.9b (up 19% from FY 2021). Net income: JP¥1.91b (up 267% from FY 2021). Profit margin: 1.5% (up from 0.5% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Jul 16
Satori Electric Co., Ltd., Annual General Meeting, Aug 19, 2022 Satori Electric Co., Ltd., Annual General Meeting, Aug 19, 2022. Agenda: AGM. Upcoming Dividend • May 23
Upcoming dividend of JP¥44.00 per share Eligible shareholders must have bought the stock before 30 May 2022. Payment date: 04 August 2022. Payout ratio is a comfortable 27% but the company is not cash flow positive. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.6%). Announcement • May 08
Satori Electric Co., Ltd. to Report Fiscal Year 2022 Results on Jul 14, 2022 Satori Electric Co., Ltd. announced that they will report fiscal year 2022 results on Jul 14, 2022 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. 6 non-independent directors. Independent Chairman of the Board & Audit and Supervisory Committee Member Toshimitsu Iwanami was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Apr 21
Investor sentiment improved over the past week After last week's 27% share price gain to JP¥1,206, the stock trades at a trailing P/E ratio of 9x. Average trailing P/E is 12x in the Electronic industry in Japan. Total returns to shareholders of 37% over the past three years. Reported Earnings • Apr 15
Third quarter 2022 earnings released: EPS: JP¥39.19 (vs JP¥0.12 in 3Q 2021) Third quarter 2022 results: EPS: JP¥39.19 (up from JP¥0.12 in 3Q 2021). Revenue: JP¥30.7b (up 22% from 3Q 2021). Net income: JP¥645.0m (up JP¥643.0m from 3Q 2021). Profit margin: 2.1% (up from 0% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Feb 17
Satori Electric Co., Ltd. to Report Q3, 2022 Results on Apr 14, 2022 Satori Electric Co., Ltd. announced that they will report Q3, 2022 results on Apr 14, 2022 Valuation Update With 7 Day Price Move • Jan 21
Investor sentiment deteriorated over the past week After last week's 17% share price decline to JP¥916, the stock trades at a trailing P/E ratio of 9.6x. Average trailing P/E is 13x in the Electronic industry in Japan. Total returns to shareholders of 16% over the past three years. Reported Earnings • Jan 16
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Second quarter 2022 results: EPS: JP¥28.74 (up from JP¥7.35 in 2Q 2021). Revenue: JP¥31.5b (up 15% from 2Q 2021). Net income: JP¥473.0m (up 291% from 2Q 2021). Profit margin: 1.5% (up from 0.4% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Nov 22
Upcoming dividend of JP¥18.00 per share Eligible shareholders must have bought the stock before 29 November 2021. Payment date: 12 February 2022. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.0%). Reported Earnings • Oct 15
First quarter 2022 earnings released: EPS JP¥25.46 (vs JP¥16.65 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥31.1b (up 29% from 1Q 2021). Net income: JP¥419.0m (up JP¥693.0m from 1Q 2021). Profit margin: 1.3% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Upcoming Dividend • May 21
Upcoming dividend of JP¥18.00 per share Eligible shareholders must have bought the stock before 28 May 2021. Payment date: 04 August 2021. Trailing yield: 4.7%. Within top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (1.2%). Announcement • Feb 24
Satori Electric Co., Ltd. to Report Q3, 2021 Results on Apr 14, 2021 Satori Electric Co., Ltd. announced that they will report Q3, 2021 results on Apr 14, 2021 Reported Earnings • Jan 15
Second quarter 2021 earnings released: EPS JP¥7.35 The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥27.5b (down 4.7% from 2Q 2020). Net income: JP¥121.0m (down 72% from 2Q 2020). Profit margin: 0.4% (down from 1.5% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 93% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Dec 22
New 90-day low: JP¥759 The company is down 10.0% from its price of JP¥841 on 23 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 18% over the same period. Announcement • Nov 22
Satori Electric Co., Ltd. to Report Q2, 2021 Results on Jan 14, 2021 Satori Electric Co., Ltd. announced that they will report Q2, 2021 results on Jan 14, 2021 Announcement • Aug 20
Satori Electric Co., Ltd. to Report Q1, 2021 Results on Oct 15, 2020 Satori Electric Co., Ltd. announced that they will report Q1, 2021 results on Oct 15, 2020