Announcement • Mar 04
Hagiwara Electric Holdings Co., Ltd. to Be Delisted from Prime Market Segment of the Tokyo Stock Exchange Effective from March 30, 2026 Hagiwara Electric Holdings 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. New Risk • Feb 15
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: 0.9% Last year net profit margin: 1.4% 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: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (0.9% net profit margin). Reported Earnings • Feb 15
Third quarter 2026 earnings released: EPS: JP¥78.35 (vs JP¥104 in 3Q 2025) Third quarter 2026 results: EPS: JP¥78.35 (down from JP¥104 in 3Q 2025). Revenue: JP¥68.4b (up 8.3% from 3Q 2025). Net income: JP¥781.0m (down 24% from 3Q 2025). Profit margin: 1.1% (down from 1.6% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Announcement • Dec 13
Hagiwara Electric Holdings Co., Ltd. to Report Q3, 2026 Results on Feb 13, 2026 Hagiwara Electric Holdings Co., Ltd. announced that they will report Q3, 2026 results on Feb 13, 2026 Reported Earnings • Nov 18
Second quarter 2026 earnings released: EPS: JP¥83.27 (vs JP¥85.41 in 2Q 2025) Second quarter 2026 results: EPS: JP¥83.27 (down from JP¥85.41 in 2Q 2025). Revenue: JP¥67.5b (down 3.1% from 2Q 2025). Net income: JP¥830.0m (down 2.5% from 2Q 2025). Profit margin: 1.2% (in line with 2Q 2025). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Board Change • Nov 13
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. 5 non-independent directors. Independent Outside Director Sachiko Enomoto was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥90.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 08 December 2025. Payout ratio is a comfortable 69% but the company is not cash flow positive. Trailing yield: 5.1%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%). Announcement • Sep 12
Hagiwara Electric Holdings Co., Ltd. to Report Q2, 2026 Results on Nov 14, 2025 Hagiwara Electric Holdings Co., Ltd. announced that they will report Q2, 2026 results on Nov 14, 2025 Buy Or Sell Opportunity • Aug 18
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 11% to JP¥3,505. The fair value is estimated to be JP¥2,870, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has declined by 15%. Reported Earnings • Aug 09
First quarter 2026 earnings released: EPS: JP¥20.27 (vs JP¥122 in 1Q 2025) First quarter 2026 results: EPS: JP¥20.27 (down from JP¥122 in 1Q 2025). Revenue: JP¥59.5b (down 4.3% from 1Q 2025). Net income: JP¥202.0m (down 83% from 1Q 2025). Profit margin: 0.3% (down from 2.0% in 1Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. New Risk • Aug 02
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 48% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Shareholders have been substantially diluted in the past year (48% increase in shares outstanding). Minor Risk Paying a dividend despite having no free cash flows. Buy Or Sell Opportunity • Jul 31
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 12% to JP¥3,445. The fair value is estimated to be JP¥2,855, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has declined by 5.2%. Declared Dividend • Jul 09
Final dividend of JP¥90.00 announced Shareholders will receive a dividend of JP¥90.00. Ex-date: 29th September 2025 Payment date: 8th December 2025 Dividend yield will be 5.8%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (47% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 3.8% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Jun 03
Hagiwara Electric Holdings Co., Ltd. to Report Q1, 2026 Results on Aug 08, 2025 Hagiwara Electric Holdings Co., Ltd. announced that they will report Q1, 2026 results on Aug 08, 2025 Reported Earnings • May 19
Full year 2025 earnings released: EPS: JP¥371 (vs JP¥459 in FY 2024) Full year 2025 results: EPS: JP¥371 (down from JP¥459 in FY 2024). Revenue: JP¥258.7b (up 15% from FY 2024). Net income: JP¥3.70b (down 16% from FY 2024). Profit margin: 1.4% (down from 2.0% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Announcement • May 14
Hagiwara Electric Holdings Co., Ltd., Annual General Meeting, Jun 27, 2025 Hagiwara Electric Holdings Co., Ltd., Annual General Meeting, Jun 27, 2025. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to JP¥2,679, the stock trades at a trailing P/E ratio of 7.5x. Average trailing P/E is 11x in the Electronic industry in Japan. Total returns to shareholders of 64% over the past three years. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥95.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 06 June 2025. Payout ratio is a comfortable 47% but the company is not cash flow positive. Trailing yield: 5.3%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.7%). Announcement • Mar 18
Hagiwara Electric Holdings Co., Ltd. to Report Fiscal Year 2025 Results on May 14, 2025 Hagiwara Electric Holdings Co., Ltd. announced that they will report fiscal year 2025 results on May 14, 2025 Buy Or Sell Opportunity • Mar 06
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 8.5% to JP¥3,385. The fair value is estimated to be JP¥2,818, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years, while earnings per share has been flat. Announcement • Feb 12
Hagiwara Electric Holdings Co., Ltd. Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2025 Hagiwara Electric Holdings Co., Ltd. provided consolidated earnings guidance for the fiscal year ending March 31, 2025. For the year, the company expects net sales of JPY 255,000 million, operating profit of JPY 7,000 million, profit attributable to owners of parent of JPY 3,850 million and earnings per share of JPY 386.38. Reported Earnings • Feb 12
Third quarter 2025 earnings released: EPS: JP¥104 (vs JP¥90.64 in 3Q 2024) Third quarter 2025 results: EPS: JP¥104 (up from JP¥90.64 in 3Q 2024). Revenue: JP¥63.1b (up 10.0% from 3Q 2024). Net income: JP¥1.03b (up 14% from 3Q 2024). Profit margin: 1.6% (in line with 3Q 2024). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Dec 16
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Announcement • Dec 12
Hagiwara Electric Holdings Co., Ltd. to Report Q3, 2025 Results on Feb 10, 2025 Hagiwara Electric Holdings Co., Ltd. announced that they will report Q3, 2025 results on Feb 10, 2025 Declared Dividend • Dec 07
First half dividend of JP¥95.00 announced Shareholders will receive a dividend of JP¥95.00. Ex-date: 28th March 2025 Payment date: 6th June 2025 Dividend yield will be 5.9%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (49% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 2.0% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 10
Second quarter 2025 earnings released: EPS: JP¥85.41 (vs JP¥138 in 2Q 2024) Second quarter 2025 results: EPS: JP¥85.41 (down from JP¥138 in 2Q 2024). Revenue: JP¥69.6b (up 21% from 2Q 2024). Net income: JP¥851.0m (down 36% from 2Q 2024). Profit margin: 1.2% (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 11% per year whereas the company’s share price has increased by 16% per year. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥90.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 09 December 2024. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 5.2%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.5%). Announcement • Sep 14
Hagiwara Electric Holdings Co., Ltd. to Report Q2, 2025 Results on Nov 08, 2024 Hagiwara Electric Holdings Co., Ltd. announced that they will report Q2, 2025 results on Nov 08, 2024 Declared Dividend • Aug 13
Dividend of JP¥90.00 announced Shareholders will receive a dividend of JP¥90.00. Ex-date: 27th September 2024 Payment date: 9th December 2024 Dividend yield will be 5.4%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (44% earnings payout ratio) and cash flows (40% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 23% over the next year, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 11
First quarter 2025 earnings released: EPS: JP¥122 (vs JP¥189 in 1Q 2024) First quarter 2025 results: EPS: JP¥122 (down from JP¥189 in 1Q 2024). Revenue: JP¥62.1b (up 23% from 1Q 2024). Net income: JP¥1.22b (down 29% from 1Q 2024). Profit margin: 2.0% (down from 3.4% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.5% p.a. on average during the next 2 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 19% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 25% After last week's 25% share price decline to JP¥2,843, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 12x in the Electronic industry in Japan. Total returns to shareholders of 46% over the past three years. Announcement • Jun 19
Hagiwara Electric Holdings Co., Ltd. to Report Q1, 2025 Results on Aug 09, 2024 Hagiwara Electric Holdings Co., Ltd. announced that they will report Q1, 2025 results on Aug 09, 2024 Reported Earnings • May 18
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: JP¥459 (down from JP¥555 in FY 2023). Revenue: JP¥225.2b (up 21% from FY 2023). Net income: JP¥4.42b (down 10.0% from FY 2023). Profit margin: 2.0% (down from 2.6% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 15%. Revenue is forecast to grow 7.2% p.a. on average during the next 2 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 26% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Announcement • May 16
Hagiwara Electric Holdings Co., Ltd., Annual General Meeting, Jun 27, 2024 Hagiwara Electric Holdings Co., Ltd., Annual General Meeting, Jun 27, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥90.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 10 June 2024. Payout ratio is a comfortable 34% but the company is not cash flow positive. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.4%). Announcement • Mar 13
Hagiwara Electric Holdings Co., Ltd. to Report Fiscal Year 2024 Results on May 14, 2024 Hagiwara Electric Holdings Co., Ltd. announced that they will report fiscal year 2024 results on May 14, 2024 Reported Earnings • Feb 10
Third quarter 2024 earnings released: EPS: JP¥90.64 (vs JP¥86.57 in 3Q 2023) Third quarter 2024 results: EPS: JP¥90.64 (up from JP¥86.57 in 3Q 2023). Revenue: JP¥57.4b (up 20% from 3Q 2023). Net income: JP¥903.0m (up 18% from 3Q 2023). Profit margin: 1.6% (in line with 3Q 2023). Revenue is forecast to grow 7.8% 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 32% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Announcement • Dec 14
Hagiwara Electric Holdings Co., Ltd. to Report Q3, 2024 Results on Feb 09, 2024 Hagiwara Electric Holdings Co., Ltd. announced that they will report Q3, 2024 results on Feb 09, 2024 Reported Earnings • Nov 11
Second quarter 2024 earnings released: EPS: JP¥138 (vs JP¥207 in 2Q 2023) Second quarter 2024 results: EPS: JP¥138 (down from JP¥207 in 2Q 2023). Revenue: JP¥57.5b (up 23% from 2Q 2023). Net income: JP¥1.33b (down 27% from 2Q 2023). Profit margin: 2.3% (down from 3.9% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.9% 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 33% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Announcement • Sep 22
Hagiwara Electric Holdings Co., Ltd. to Report Q2, 2024 Results on Nov 10, 2023 Hagiwara Electric Holdings Co., Ltd. announced that they will report Q2, 2024 results on Nov 10, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of JP¥60.00 per share at 3.2% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 04 December 2023. Payout ratio is a comfortable 24% but the company is not cash flow positive. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.4%). New Risk • Aug 13
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 3.0% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings are forecast to decline by an average of 3.0% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.4% average weekly change). Shareholders have been diluted in the past year (5.6% increase in shares outstanding). Reported Earnings • Aug 12
First quarter 2024 earnings released: EPS: JP¥189 (vs JP¥111 in 1Q 2023) First quarter 2024 results: EPS: JP¥189 (up from JP¥111 in 1Q 2023). Revenue: JP¥50.5b (up 27% from 1Q 2023). Net income: JP¥1.71b (up 73% from 1Q 2023). Profit margin: 3.4% (up from 2.5% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. New Risk • Aug 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 5.4% 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: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (31% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.4% average weekly change). Shareholders have been diluted in the past year (5.6% increase in shares outstanding). New Risk • Jun 23
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (31% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (2.3% increase in shares outstanding). Announcement • Jun 10
Hagiwara Electric Holdings Co., Ltd. to Report Q1, 2024 Results on Aug 10, 2023 Hagiwara Electric Holdings Co., Ltd. announced that they will report Q1, 2024 results on Aug 10, 2023 Announcement • May 17
Hagiwara Electric Holdings Co., Ltd., Annual General Meeting, Jun 29, 2023 Hagiwara Electric Holdings Co., Ltd., Annual General Meeting, Jun 29, 2023. Reported Earnings • May 17
Full year 2023 earnings released: EPS: JP¥555 (vs JP¥325 in FY 2022) Full year 2023 results: EPS: JP¥555 (up from JP¥325 in FY 2022). Revenue: JP¥186.0b (up 17% from FY 2022). Net income: JP¥4.91b (up 71% from FY 2022). Profit margin: 2.6% (up from 1.8% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥65.00 per share at 4.2% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 07 June 2023. Payout ratio is a comfortable 23% but the company is not cash flow positive. Trailing yield: 4.2%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%). Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: JP¥86.57 (vs JP¥84.62 in 3Q 2022) Third quarter 2023 results: EPS: JP¥86.57 (up from JP¥84.62 in 3Q 2022). Revenue: JP¥47.8b (up 17% from 3Q 2022). Net income: JP¥767.0m (up 2.4% from 3Q 2022). Profit margin: 1.6% (down from 1.8% 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 21% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Dec 11
Hagiwara Electric Holdings Co., Ltd. to Report Q3, 2023 Results on Feb 10, 2023 Hagiwara Electric Holdings Co., Ltd. announced that they will report Q3, 2023 results on Feb 10, 2023 Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Outside Director Hisashi Hayakawa 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. Reported Earnings • Nov 12
Second quarter 2023 earnings released: EPS: JP¥207 (vs JP¥69.73 in 2Q 2022) Second quarter 2023 results: EPS: JP¥207 (up from JP¥69.73 in 2Q 2022). Revenue: JP¥46.7b (up 24% from 2Q 2022). Net income: JP¥1.83b (up 197% from 2Q 2022). Profit margin: 3.9% (up from 1.6% 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 13% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥45.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 05 December 2022. Payout ratio is a comfortable 27% but the company is not cash flow positive. Trailing yield: 4.1%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.6%). Announcement • Aug 28
Hagiwara Electric Holdings Co., Ltd. to Report Q2, 2023 Results on Nov 10, 2022 Hagiwara Electric Holdings Co., Ltd. announced that they will report Q2, 2023 results on Nov 10, 2022 Reported Earnings • Aug 12
First quarter 2023 earnings released: EPS: JP¥111 (vs JP¥59.70 in 1Q 2022) First quarter 2023 results: EPS: JP¥111 (up from JP¥59.70 in 1Q 2022). Revenue: JP¥39.7b (up 17% from 1Q 2022). Net income: JP¥985.0m (up 87% from 1Q 2022). Profit margin: 2.5% (up from 1.6% 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 3% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Jun 16
Hagiwara Electric Holdings Co., Ltd. to Report Q1, 2023 Results on Aug 10, 2022 Hagiwara Electric Holdings Co., Ltd. announced that they will report Q1, 2023 results on Aug 10, 2022 Reported Earnings • May 19
Full year 2022 earnings released: EPS: JP¥325 (vs JP¥262 in FY 2021) Full year 2022 results: EPS: JP¥325 (up from JP¥262 in FY 2021). Revenue: JP¥158.4b (up 24% from FY 2021). Net income: JP¥2.88b (up 24% from FY 2021). Profit margin: 1.8% (in line with FY 2021). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 10% per year, which means it is performing significantly worse than earnings. Announcement • May 15
Hagiwara Electric Holdings Co., Ltd., Annual General Meeting, Jun 29, 2022 Hagiwara Electric Holdings Co., Ltd., Annual General Meeting, Jun 29, 2022. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 7 experienced directors. 1 highly experienced director. 3 independent directors (6 non-independent directors). Independent Outside Director Kikuo Kawawaki was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Apr 08
Hagiwara Electric Holdings Co., Ltd. to Report Fiscal Year 2022 Results on May 13, 2022 Hagiwara Electric Holdings Co., Ltd. announced that they will report fiscal year 2022 results on May 13, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 09 June 2022. Payout ratio is a comfortable 30% but the company is not cash flow positive. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.3%). Reported Earnings • Feb 12
Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2022 results: EPS: JP¥84.62 (up from JP¥81.19 in 3Q 2021). Revenue: JP¥40.8b (up 15% from 3Q 2021). Net income: JP¥749.0m (up 4.3% from 3Q 2021). Profit margin: 1.8% (down from 2.0% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 7.5%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to stay flat 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 5% per year but the company’s share price has fallen by 12% per year, which means it is performing significantly worse than earnings. Reported Earnings • Nov 11
Second quarter 2022 earnings released: EPS JP¥69.73 (vs JP¥74.08 in 2Q 2021) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2022 results: Revenue: JP¥37.6b (up 24% from 2Q 2021). Net income: JP¥617.0m (down 5.8% from 2Q 2021). Profit margin: 1.6% (down from 2.2% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 12% per year, which means it is performing significantly worse than earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 04 December 2021. Trailing yield: 3.5%. Within top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (1.0%). Reported Earnings • May 17
Full year 2021 earnings released: EPS JP¥262 (vs JP¥307 in FY 2020) The company reported a poor full year result with weaker earnings and profit margins, although revenues were flat. Full year 2021 results: Revenue: JP¥127.8b (flat on FY 2020). Net income: JP¥2.31b (down 15% from FY 2020). Profit margin: 1.8% (down from 2.1% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 9% per year. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥45.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 11 June 2021. Trailing yield: 4.1%. Within top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.1%). Reported Earnings • Feb 12
Third quarter 2021 earnings released: EPS JP¥81.19 (vs JP¥67.79 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥35.4b (up 13% from 3Q 2020). Net income: JP¥718.0m (up 20% from 3Q 2020). Profit margin: 2.0% (up from 1.9% 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 7% per year whereas the company’s share price has fallen by 6% per year. Analyst Estimate Surprise Post Earnings • Feb 12
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 14%. Earnings per share (EPS) also surpassed analyst estimates by 4.5%. Over the next year, revenue is forecast to grow 3.5%, compared to a 9.2% growth forecast for the Electronic industry in Japan. Is New 90 Day High Low • Jan 27
New 90-day high: JP¥2,670 The company is up 18% from its price of JP¥2,254 on 29 October 2020. The Japanese market is up 14% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Electronic industry, which is up 21% over the same period. Is New 90 Day High Low • Jan 12
New 90-day high: JP¥2,621 The company is up 19% from its price of JP¥2,202 on 14 October 2020. The Japanese market is up 12% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Electronic industry, which is up 21% over the same period. Is New 90 Day High Low • Dec 08
New 90-day high: JP¥2,488 The company is up 17% from its price of JP¥2,122 on 09 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Electronic industry, which is also up 17% over the same period. Announcement • Nov 28
Hagiwara Electric Holdings Co., Ltd. to Report Q3, 2021 Results on Feb 10, 2021 Hagiwara Electric Holdings Co., Ltd. announced that they will report Q3, 2021 results on Feb 10, 2021 Announcement • Oct 10
Hagiwara Electric Holdings Co., Ltd. to Report Q2, 2021 Results on Nov 10, 2020 Hagiwara Electric Holdings Co., Ltd. announced that they will report Q2, 2021 results on Nov 10, 2020 
