Upcoming Dividend • Jun 22
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 29 June 2026. Payment date: 01 September 2026. Payout ratio is on the higher end at 81%, however this is supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of Japanese dividend payers (3.9%). Higher than average of industry peers (1.0%). Announcement • May 30
SIIX Corporation to Report Q2, 2026 Results on Aug 07, 2026 SIIX Corporation announced that they will report Q2, 2026 results on Aug 07, 2026 Reported Earnings • May 15
First quarter 2026 earnings released: EPS: JP¥47.58 (vs JP¥39.60 in 1Q 2025) First quarter 2026 results: EPS: JP¥47.58 (up from JP¥39.60 in 1Q 2025). Revenue: JP¥74.0b (up 2.0% from 1Q 2025). Net income: JP¥2.24b (up 20% from 1Q 2025). Profit margin: 3.0% (up from 2.6% in 1Q 2025). Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Announcement • Apr 16
SIIX Corporation to Report Q1, 2026 Results on May 13, 2026 SIIX Corporation announced that they will report Q1, 2026 results on May 13, 2026 Declared Dividend • Apr 11
Final dividend of JP¥25.00 announced Shareholders will receive a dividend of JP¥25.00. Ex-date: 29th June 2026 Payment date: 1st September 2026 Dividend yield will be 3.8%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is not adequately covered by earnings (93% earnings payout ratio). However, it is well covered by cash flows (10% cash payout ratio). The dividend has increased by an average of 10% 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. The company's earnings per share (EPS) would need to grow by 3.1% to bring the payout ratio under control. EPS is expected to grow by 106% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. New Risk • Mar 20
New minor risk - Dividend sustainability The dividend is not well covered by earnings. Payout ratio: 93% Dividend yield: 4.2% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (93% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.9% net profit margin). Announcement • Mar 17
SIIX Corporation has completed a Follow-on Equity Offering in the amount of ¥5.151816 billion. SIIX Corporation has completed a Follow-on Equity Offering in the amount of ¥5.151816 billion.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 4,392,000
Price\Range: ¥1173
Discount Per Security: ¥48.4 Announcement • Mar 09
SIIX Corporation has filed a Follow-on Equity Offering. SIIX Corporation has filed a Follow-on Equity Offering.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 4,392,000 Reported Earnings • Feb 14
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: JP¥52.81 (down from JP¥79.73 in FY 2024). Revenue: JP¥289.5b (down 4.2% from FY 2024). Net income: JP¥2.49b (down 34% from FY 2024). Profit margin: 0.9% (down from 1.2% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 149%. Revenue is forecast to grow 3.4% p.a. on average during the next 2 years, compared to a 6.8% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Announcement • Feb 12
SIIX Corporation, Annual General Meeting, Mar 26, 2026 SIIX Corporation, Annual General Meeting, Mar 26, 2026. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥24.00 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 30 March 2026. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 3.6%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%). Announcement • Dec 03
SIIX Corporation to Report Fiscal Year 2025 Results on Feb 12, 2026 SIIX Corporation announced that they will report fiscal year 2025 results on Feb 12, 2026 Announcement • Nov 18
Vipulse Technology Kft. signed a transfer agreement to acquire SIIX Hungary Kft. from SIIX Corporation (TSE:7613). Vipulse Technology Kft. signed a transfer agreement to acquire SIIX Hungary Kft. from SIIX Corporation (TSE:7613) on November 18, 2025. As part of the acquisition, Vipulse Technology Kft will acquire all equity interests in SIIX Hungary Kft. Upon completion, SIIX Corporation will no longer holds any shares in SIIX Hungary Kft. The transaction is subject to approval of bankruptcy court. The transaction is expected to close on April 30, 2026. Reported Earnings • Nov 08
Third quarter 2025 earnings released: EPS: JP¥24.72 (vs JP¥31.96 in 3Q 2024) Third quarter 2025 results: EPS: JP¥24.72 (down from JP¥31.96 in 3Q 2024). Revenue: JP¥71.5b (down 5.5% from 3Q 2024). Net income: JP¥1.17b (down 23% from 3Q 2024). Profit margin: 1.6% (down from 2.0% in 3Q 2024). Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Announcement • Sep 02
SIIX Corporation to Report Q3, 2025 Results on Nov 07, 2025 SIIX Corporation announced that they will report Q3, 2025 results on Nov 07, 2025 Declared Dividend • Sep 02
First half dividend of JP¥24.00 announced Dividend of JP¥24.00 is the same as last year. Ex-date: 29th December 2025 Payment date: 30th March 2026 Dividend yield will be 3.7%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (45% earnings payout ratio) and cash flows (9% cash payout ratio). The dividend has increased by an average of 10% 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 53% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 09
Second quarter 2025 earnings released: EPS: JP¥26.96 (vs JP¥19.22 in 2Q 2024) Second quarter 2025 results: EPS: JP¥26.96 (up from JP¥19.22 in 2Q 2024). Revenue: JP¥70.3b (down 7.3% from 2Q 2024). Net income: JP¥1.27b (up 40% from 2Q 2024). Profit margin: 1.8% (up from 1.2% in 2Q 2024). Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 7% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 31
SIIX Corporation to Report Q2, 2025 Results on Aug 08, 2025 SIIX Corporation announced that they will report Q2, 2025 results on Aug 08, 2025 Major Estimate Revision • May 21
Consensus EPS estimates increase by 21% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from JP¥110 to JP¥134. Revenue forecast unchanged at JP¥300.0b. Net income forecast to grow 68% next year vs 10% growth forecast for Electronic industry in Japan. Consensus price target up from JP¥1,100 to JP¥1,300. Share price rose 3.6% to JP¥1,141 over the past week. Declared Dividend • Apr 11
Final dividend of JP¥24.00 announced Shareholders will receive a dividend of JP¥24.00. Ex-date: 27th June 2025 Payment date: 2nd September 2025 Dividend yield will be 5.1%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (45% earnings payout ratio) and cash flows (15% cash payout ratio). The dividend has increased by an average of 11% 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 51% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥909, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 10x in the Electronic industry in Japan. Total returns to shareholders of 2.5% over the past three years. Buy Or Sell Opportunity • Apr 04
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 15% to JP¥1,023. The fair value is estimated to be JP¥1,349, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 11%. For the next 3 years, revenue is forecast to grow by 2.0% per annum. Earnings are also forecast to grow by 15% per annum over the same time period. Announcement • Mar 21
SIIX Corporation Announces Change in the Structure of the Nomination and Compensation Advisory Committee SIIX Corporation announced that, following the passing of its Chairman Mr. Shiro Murai on March 12, 2025, its Board of Directors has resolved the following changes to the matters disclosed in the "Notice of Changes to the Nominating and Compensation Advisory Committee Structure" of December 24, 2024, at the meeting of the Board of Directors held March 19, 2025. Reason of the change: Due to the passing away of Mr. Shiro Murai, the chairman of the Nomination and Compensation Advisory Committee, and the absence of a chairman, Mr. Shinsuke Takatani, an outside director of the Company and a member of the Committee, is appointed as the chairman of the Committee. In addition, since the Committee must be composed of at least 3 persons selected by the Board of Directors, Mr. Kazuya Hiraoka, COO & Executive Director & Executive Officer, is to be appointed as a member of the Committee to fill the vacant position. Announcement • Mar 12
SIIX Corporation Announces Obituary of Chairman and Representative Director, Mr. Shiro Murai SIIX Corporation announced that Mr. Shiro Murai, Chairman and Representative Director of SIIX Corporation (hereinafter the Company), passed away on Tuesday, March 11, 2025, and retired as CEO Representative Director on the same day. Company expressed deepest gratitude for kindness during his lifetime and respectfully informed of his passing. Name Mr. Shiro Murai", Date of Birth: September 10, 1928, Biography: April 1952: Joined SAKATA SHOKAI Co. Ltd. (currently SAKATA INX CORPORATION), May 1970: Director, SAKATA SHOKAI Co. Ltd., June 1985: Director and Vice President, SAKATA SHOKAI Co. Ltd., February 1988: Concurrently served as President, The Inx Group Ltd., June 1992: President of the Company, March 2003: Chairman & CEO of the Company, Other Duties: Honorary Consul of the Slovak Republic in Osaka (since 2014). Other Although the number of directors of the Company will be reduced by one due to his passing and retirement, the number of directors of the Company will still meet the number of directors stipulated in the Articles of Incorporation of the Company. Announcement • Mar 08
SIIX Corporation to Report Q1, 2025 Results on May 14, 2025 SIIX Corporation announced that they will report Q1, 2025 results on May 14, 2025 Major Estimate Revision • Mar 05
Consensus EPS estimates fall by 31% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from JP¥320.0b to JP¥300.0b. EPS estimate also fell from JP¥159 per share to JP¥110 per share. Net income forecast to grow 39% next year vs 11% growth forecast for Electronic industry in Japan. Consensus price target down from JP¥1,700 to JP¥1,100. Share price was steady at JP¥1,073 over the past week. Reported Earnings • Feb 16
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: JP¥79.73 (down from JP¥174 in FY 2023). Revenue: JP¥302.3b (down 2.4% from FY 2023). Net income: JP¥3.75b (down 54% from FY 2023). Profit margin: 1.2% (down from 2.6% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 22%. Revenue is forecast to grow 5.1% p.a. on average during the next 2 years, compared to a 7.2% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Feb 14
SIIX Corporation, Annual General Meeting, Mar 27, 2025 SIIX Corporation, Annual General Meeting, Mar 27, 2025. Upcoming Dividend • Dec 20
Upcoming dividend of JP¥24.00 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 28 March 2025. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 4.2%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.6%). Announcement • Dec 04
SIIX Corporation to Report Fiscal Year 2024 Results on Feb 14, 2025 SIIX Corporation announced that they will report fiscal year 2024 results at 3:00 PM, Tokyo Standard Time on Feb 14, 2025 Reported Earnings • Nov 09
Third quarter 2024 earnings released: EPS: JP¥31.96 (vs JP¥45.61 in 3Q 2023) Third quarter 2024 results: EPS: JP¥31.96 (down from JP¥45.61 in 3Q 2023). Revenue: JP¥75.7b (down 4.3% from 3Q 2023). Net income: JP¥1.51b (down 30% from 3Q 2023). Profit margin: 2.0% (down from 2.7% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Sep 27
SIIX Corporation to Report Q3, 2024 Results on Nov 08, 2024 SIIX Corporation announced that they will report Q3, 2024 results on Nov 08, 2024 Reported Earnings • Aug 13
Second quarter 2024 earnings released: EPS: JP¥19.22 (vs JP¥42.44 in 2Q 2023) Second quarter 2024 results: EPS: JP¥19.22 (down from JP¥42.44 in 2Q 2023). Revenue: JP¥75.9b (down 3.8% from 2Q 2023). Net income: JP¥905.0m (down 55% from 2Q 2023). Profit margin: 1.2% (down from 2.5% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.3% 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 21% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Declared Dividend • Aug 11
Dividend of JP¥24.00 announced Shareholders will receive a dividend of JP¥24.00. Ex-date: 27th December 2024 Payment date: 28th March 2025 Dividend yield will be 4.4%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (29% earnings payout ratio) and cash flows (24% 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. New Risk • Aug 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.4% 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 High level of debt (47% net debt to equity). Share price has been volatile over the past 3 months (6.4% average weekly change). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to JP¥961, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 12x in the Electronic industry in Japan. Total loss to shareholders of 25% over the past three years. Upcoming Dividend • Jun 20
Upcoming dividend of JP¥24.00 per share Eligible shareholders must have bought the stock before 27 June 2024. Payment date: 02 September 2024. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 3.7%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.4%). Announcement • Jun 06
SIIX Corporation to Report Q2, 2024 Results on Aug 09, 2024 SIIX Corporation announced that they will report Q2, 2024 results on Aug 09, 2024 Buy Or Sell Opportunity • Jun 05
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 18% to JP¥1,326. The fair value is estimated to be JP¥1,684, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 27%. Revenue is forecast to grow by 13% in 2 years. Earnings are forecast to grow by 22% in the next 2 years. Buy Or Sell Opportunity • May 16
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 14% to JP¥1,337. The fair value is estimated to be JP¥1,686, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 27%. Revenue is forecast to grow by 13% in 2 years. Earnings are forecast to grow by 22% in the next 2 years. Reported Earnings • May 16
First quarter 2024 earnings released: EPS: JP¥20.95 (vs JP¥40.99 in 1Q 2023) First quarter 2024 results: EPS: JP¥20.95 (down from JP¥40.99 in 1Q 2023). Revenue: JP¥73.5b (up 2.5% from 1Q 2023). Net income: JP¥986.0m (down 49% from 1Q 2023). Profit margin: 1.3% (down from 2.7% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • May 15
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥1,355, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 14x in the Electronic industry in Japan. Total loss to shareholders of 6.0% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,736 per share. Declared Dividend • Apr 11
Final dividend of JP¥24.00 announced Shareholders will receive a dividend of JP¥24.00. Ex-date: 27th June 2024 Payment date: 2nd September 2024 Dividend yield will be 3.1%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (30% earnings payout ratio) and cash flows (16% cash payout ratio). The dividend has increased by an average of 7.2% 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 22% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Mar 07
SIIX Corporation to Report Q1, 2024 Results on May 10, 2024 SIIX Corporation announced that they will report Q1, 2024 results on May 10, 2024 Reported Earnings • Feb 16
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: JP¥174 (up from JP¥100 in FY 2022). Revenue: JP¥309.8b (up 12% from FY 2022). Net income: JP¥8.19b (up 73% from FY 2022). Profit margin: 2.6% (up from 1.7% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.1%. Revenue is forecast to grow 5.4% p.a. on average during the next 2 years, compared to a 6.9% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Feb 14
SIIX Corporation, Annual General Meeting, Mar 27, 2024 SIIX Corporation, Annual General Meeting, Mar 27, 2024. Buy Or Sell Opportunity • Jan 31
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 12% to JP¥1,576. The fair value is estimated to be JP¥1,302, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 38%. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to grow by 38% in the next 2 years. Upcoming Dividend • Dec 21
Upcoming dividend of JP¥16.00 per share at 2.2% yield Eligible shareholders must have bought the stock before 28 December 2023. Payment date: 01 April 2024. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.5%). Announcement • Dec 05
SIIX Corporation to Report Fiscal Year 2023 Results on Feb 14, 2024 SIIX Corporation announced that they will report fiscal year 2023 results on Feb 14, 2024 Reported Earnings • Nov 15
Third quarter 2023 earnings released: EPS: JP¥45.61 (vs JP¥38.88 in 3Q 2022) Third quarter 2023 results: EPS: JP¥45.61 (up from JP¥38.88 in 3Q 2022). Revenue: JP¥79.1b (up 3.4% from 3Q 2022). Net income: JP¥2.15b (up 17% from 3Q 2022). Profit margin: 2.7% (up from 2.4% in 3Q 2022). The increase in margin was driven by higher revenue. 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 38% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Aug 30
SIIX Corporation to Report Q3, 2023 Results on Nov 13, 2023 SIIX Corporation announced that they will report Q3, 2023 results on Nov 13, 2023 Buying Opportunity • Aug 14
Now 20% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be JP¥1,862, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 43%. Revenue is forecast to grow by 9.6% in 2 years. Earnings is forecast to grow by 46% in the next 2 years. Reported Earnings • Aug 12
Second quarter 2023 earnings: EPS and revenues exceed analyst expectations Second quarter 2023 results: EPS: JP¥42.44 (up from JP¥11.82 in 2Q 2022). Revenue: JP¥78.9b (up 26% from 2Q 2022). Net income: JP¥2.00b (up 258% from 2Q 2022). Profit margin: 2.5% (up from 0.9% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.0%. Earnings per share (EPS) also surpassed analyst estimates by 7.5%. Revenue is forecast to grow 4.9% 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 43% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 22
Upcoming dividend of JP¥16.00 per share at 2.0% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 01 September 2023. Payout ratio is a comfortable 26% but the company is not cash flow positive. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.4%). Announcement • May 28
SIIX Corporation to Report Q2, 2023 Results on Aug 10, 2023 SIIX Corporation announced that they will report Q2, 2023 results on Aug 10, 2023 Reported Earnings • May 15
First quarter 2023 earnings released: EPS: JP¥40.99 (vs JP¥21.58 in 1Q 2022) First quarter 2023 results: EPS: JP¥40.99 (up from JP¥21.58 in 1Q 2022). Revenue: JP¥71.7b (up 14% from 1Q 2022). Net income: JP¥1.94b (up 90% from 1Q 2022). Profit margin: 2.7% (up from 1.6% in 1Q 2022). The increase in margin was driven by higher revenue. 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 increased by 37% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Announcement • May 14
SIIX Corporation (TSE:7613) announces an Equity Buyback for 300,000 shares, representing 0.63% for ¥434.1 million. SIIX Corporation (TSE:7613) announces a share repurchase program. Under the program, the company will repurchase 300,000 shares, representing 0.63% of the outstanding shares for ¥434.1 million. The shares will be repurchased at a price of ¥1,447 per share. The purpose of the program is to carry out a flexible capital policy that responds to changes in the business environment. The program will run until May 15, 2023. As of April 30, 2023, the company had 47,323,897 shares outstanding and 3,076,103 shares in treasury. Price Target Changed • Mar 02
Price target increased by 11% to JP¥2,000 Up from JP¥1,800, the current price target is provided by 1 analyst. New target price is 34% above last closing price of JP¥1,488. Stock is up 39% over the past year. The company is forecast to post earnings per share of JP¥163 for next year compared to JP¥100 last year. Buying Opportunity • Jan 04
Now 22% undervalued Over the last 90 days, the stock is up 4.9%. The fair value is estimated to be JP¥1,573, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.1% over the last 3 years. Earnings per share has grown by 17%. Revenue is forecast to grow by 15% in 2 years. Earnings is forecast to grow by 82% in the next 2 years. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥16.00 per share Eligible shareholders must have bought the stock before 29 December 2022. Payment date: 31 March 2023. Payout ratio is a comfortable 15% but the company is not cash flow positive. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.8%). Buying Opportunity • Dec 20
Now 21% undervalued Over the last 90 days, the stock is up 16%. The fair value is estimated to be JP¥1,649, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.1% over the last 3 years. Earnings per share has grown by 17%. Revenue is forecast to grow by 15% in 2 years. Earnings is forecast to grow by 82% in the next 2 years. Announcement • Dec 07
SIIX Corporation to Report Fiscal Year 2022 Results on Feb 14, 2023 SIIX Corporation announced that they will report fiscal year 2022 results on Feb 14, 2023 Buying Opportunity • Nov 25
Now 20% undervalued Over the last 90 days, the stock is up 28%. The fair value is estimated to be JP¥1,764, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.1% over the last 3 years. Earnings per share has grown by 17%. Revenue is forecast to grow by 16% in 2 years. Earnings is forecast to grow by 83% in the next 2 years. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent External Director Nao Yoshizawa was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Sep 09
SIIX Corporation to Report Q3, 2022 Results on Nov 14, 2022 SIIX Corporation announced that they will report Q3, 2022 results on Nov 14, 2022 Reported Earnings • Aug 12
Second quarter 2022 earnings released: EPS: JP¥11.82 (vs JP¥21.67 in 2Q 2021) Second quarter 2022 results: EPS: JP¥11.82 (down from JP¥21.67 in 2Q 2021). Revenue: JP¥62.4b (up 15% from 2Q 2021). Net income: JP¥559.0m (down 45% from 2Q 2021). Profit margin: 0.9% (down from 1.9% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 17%, compared to a 9.7% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Upcoming Dividend • Jun 22
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 29 June 2022. Payment date: 01 September 2022. Payout ratio is a comfortable 34% but the company is not cash flow positive. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.6%). Announcement • Jun 01
SIIX Corporation to Report Q2, 2022 Results on Aug 10, 2022 SIIX Corporation announced that they will report Q2, 2022 results on Aug 10, 2022 Major Estimate Revision • May 20
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from JP¥245.0b to JP¥270.0b. EPS estimate unchanged at JP¥127. Net income forecast to grow 53% next year vs 3.7% growth forecast for Electronic industry in Japan. Consensus price target of JP¥1,800 unchanged from last update. Share price rose 8.7% to JP¥1,128 over the past week. Reported Earnings • May 18
First quarter 2022 earnings: EPS and revenues exceed analyst expectations First quarter 2022 results: EPS: JP¥21.58 (down from JP¥30.22 in 1Q 2021). Revenue: JP¥63.0b (up 14% from 1Q 2021). Net income: JP¥1.02b (down 29% from 1Q 2021). Profit margin: 1.6% (down from 2.6% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 8.7%. Earnings per share (EPS) also surpassed analyst estimates by 1.4%. Over the next year, revenue is forecast to grow 7.1%, compared to a 8.0% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 7% per year.