New Risk • Jun 26
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 9.3% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.3% average weekly change). Earnings have declined by 3.8% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (JP¥15.9b market cap, or US$98.4m). Valuation Update With 7 Day Price Move • Jun 12
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to JP¥2,035, the stock trades at a trailing P/E ratio of 16.5x. Average trailing P/E is 15x in the Electronic industry in Japan. Total returns to shareholders of 39% over the past three years. Valuation Update With 7 Day Price Move • May 28
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥2,350, the stock trades at a trailing P/E ratio of 19.1x. Average forward P/E is 17x in the Electronic industry in Japan. Total returns to shareholders of 68% over the past three years. Upcoming Dividend • May 21
Upcoming dividend of JP¥21.00 per share Eligible shareholders must have bought the stock before 28 May 2026. Payment date: 07 August 2026. Payout ratio is a comfortable 17% but the company is not cash flow positive. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.3%). Announcement • May 10
Sigmakoki Co., Ltd. to Report Fiscal Year 2026 Results on Jul 14, 2026 Sigmakoki Co., Ltd. announced that they will report fiscal year 2026 results on Jul 14, 2026 Reported Earnings • Apr 10
Third quarter 2026 earnings released: EPS: JP¥21.46 (vs JP¥34.45 in 3Q 2025) Third quarter 2026 results: EPS: JP¥21.46 (down from JP¥34.45 in 3Q 2025). Revenue: JP¥2.75b (down 13% from 3Q 2025). Net income: JP¥152.0m (down 38% from 3Q 2025). Profit margin: 5.5% (down from 7.8% in 3Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Announcement • Apr 02
Sigmakoki Co., Ltd. to Report Q3, 2026 Results on Apr 09, 2026 Sigmakoki Co., Ltd. announced that they will report Q3, 2026 results on Apr 09, 2026 New Risk • Mar 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.9% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.2% average weekly change). Market cap is less than US$100m (JP¥13.6b market cap, or US$85.5m). Declared Dividend • Feb 14
First half dividend of JP¥21.00 announced Shareholders will receive a dividend of JP¥21.00. Ex-date: 28th May 2026 Payment date: 7th August 2026 Dividend yield will be 2.4%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (31% 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 3.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 9.2% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. New Risk • Jan 10
New major risk - Revenue and earnings growth Earnings have declined by 0.9% per year over the past 5 years. 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 declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. 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 Risk Earnings have declined by 0.9% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (JP¥11.0b market cap, or US$69.5m). Reported Earnings • Jan 10
Second quarter 2026 earnings released: EPS: JP¥38.69 (vs JP¥36.57 in 2Q 2025) Second quarter 2026 results: EPS: JP¥38.69 (up from JP¥36.57 in 2Q 2025). Revenue: JP¥2.94b (up 1.4% from 2Q 2025). Net income: JP¥274.0m (up 5.8% from 2Q 2025). Profit margin: 9.3% (up from 8.9% in 2Q 2025). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Upcoming Dividend • Nov 20
Upcoming dividend of JP¥21.00 per share Eligible shareholders must have bought the stock before 27 November 2025. Payment date: 13 February 2026. Payout ratio is a comfortable 31% but the company is not cash flow positive. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.8%). Announcement • Nov 03
Sigmakoki Co., Ltd. to Report Q2, 2026 Results on Jan 09, 2026 Sigmakoki Co., Ltd. announced that they will report Q2, 2026 results on Jan 09, 2026 Reported Earnings • Oct 10
First quarter 2026 earnings released: EPS: JP¥15.25 (vs JP¥20.47 in 1Q 2025) First quarter 2026 results: EPS: JP¥15.25 (down from JP¥20.47 in 1Q 2025). Revenue: JP¥2.51b (down 5.6% from 1Q 2025). Net income: JP¥108.0m (down 26% from 1Q 2025). Profit margin: 4.3% (down from 5.5% 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 20% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Declared Dividend • Sep 08
Final dividend of JP¥21.00 announced Shareholders will receive a dividend of JP¥21.00. Ex-date: 27th November 2025 Payment date: 13th February 2026 Dividend yield will be 2.8%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (30% 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 3.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 11% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Sep 02
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: JP¥139 (up from JP¥97.00 in FY 2024). Revenue: JP¥11.6b (up 3.3% from FY 2024). Net income: JP¥986.0m (up 44% from FY 2024). Profit margin: 8.5% (up from 6.1% in FY 2024). Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) also surpassed analyst estimates by 1.6%. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Announcement • Aug 27
Sigmakoki Co., Ltd. to Report Q1, 2026 Results on Oct 09, 2025 Sigmakoki Co., Ltd. announced that they will report Q1, 2026 results on Oct 09, 2025 Reported Earnings • Jul 14
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: JP¥139 (up from JP¥97.00 in FY 2024). Revenue: JP¥11.6b (up 3.3% from FY 2024). Net income: JP¥986.0m (up 44% from FY 2024). Profit margin: 8.5% (up from 6.1% in FY 2024). Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) also surpassed analyst estimates by 1.6%. Over the last 3 years on average, earnings per share has fallen by 20% 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 • Jul 11
Sigmakoki Co., Ltd., Annual General Meeting, Aug 27, 2025 Sigmakoki Co., Ltd., Annual General Meeting, Aug 27, 2025. Upcoming Dividend • May 22
Upcoming dividend of JP¥21.00 per share Eligible shareholders must have bought the stock before 29 May 2025. Payment date: 08 August 2025. Payout ratio is a comfortable 41% but the company is paying out more than the cash it is generating. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (4.0%). Higher than average of industry peers (1.9%). Announcement • May 01
Sigmakoki Co., Ltd. to Report Fiscal Year 2025 Results on Jul 11, 2025 Sigmakoki Co., Ltd. announced that they will report fiscal year 2025 results on Jul 11, 2025 Reported Earnings • Apr 11
Third quarter 2025 earnings released: EPS: JP¥34.45 (vs JP¥13.13 in 3Q 2024) Third quarter 2025 results: EPS: JP¥34.45 (up from JP¥13.13 in 3Q 2024). Revenue: JP¥3.15b (up 17% from 3Q 2024). Net income: JP¥244.0m (up 162% from 3Q 2024). Profit margin: 7.8% (up from 3.5% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. 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¥1,144, the stock trades at a trailing P/E ratio of 14x. Average forward P/E is 10x in the Electronic industry in Japan. Total loss to shareholders of 23% over the past three years. Declared Dividend • Feb 14
First half dividend of JP¥21.00 announced Shareholders will receive a dividend of JP¥21.00. Ex-date: 29th May 2025 Payment date: 8th August 2025 Dividend yield will be 3.0%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (51% earnings payout ratio) but not covered by cash flows (201% cash payout ratio). The dividend has increased by an average of 3.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend. Announcement • Feb 03
Sigmakoki Co., Ltd. to Report Q3, 2025 Results on Apr 10, 2025 Sigmakoki Co., Ltd. announced that they will report Q3, 2025 results on Apr 10, 2025 Reported Earnings • Jan 15
Second quarter 2025 earnings released: EPS: JP¥36.57 (vs JP¥36.85 in 2Q 2024) Second quarter 2025 results: EPS: JP¥36.57 (down from JP¥36.85 in 2Q 2024). Revenue: JP¥2.90b (flat on 2Q 2024). Net income: JP¥259.0m (flat on 2Q 2024). Profit margin: 8.9% (down from 9.0% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 14% 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. Upcoming Dividend • Nov 21
Upcoming dividend of JP¥21.00 per share Eligible shareholders must have bought the stock before 28 November 2024. Payment date: 10 February 2025. Payout ratio is a comfortable 51% but the company is paying out more than the cash it is generating. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.6%). Announcement • Oct 31
Sigmakoki Co., Ltd. to Report Q2, 2025 Results on Jan 10, 2025 Sigmakoki Co., Ltd. announced that they will report Q2, 2025 results on Jan 10, 2025 Declared Dividend • Sep 19
Final dividend of JP¥21.00 announced Shareholders will receive a dividend of JP¥21.00. Ex-date: 28th November 2024 Payment date: 10th February 2025 Dividend yield will be 3.0%, which is higher than the industry average of 1.4%. Sustainability & Growth The dividend has increased by an average of 3.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. New Risk • Sep 17
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 Market cap is less than US$100m (JP¥10.1b market cap, or US$71.9m). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥1,253, the stock trades at a trailing P/E ratio of 12.9x. Average trailing P/E is 12x in the Electronic industry in Japan. Total loss to shareholders of 26% over the past three years. Announcement • Jul 27
Sigmakoki Co., Ltd. to Report Q1, 2025 Results on Oct 09, 2024 Sigmakoki Co., Ltd. announced that they will report Q1, 2025 results on Oct 09, 2024 Reported Earnings • Jul 16
Full year 2024 earnings released: EPS: JP¥97.00 (vs JP¥211 in FY 2023) Full year 2024 results: EPS: JP¥97.00 (down from JP¥211 in FY 2023). Revenue: JP¥11.2b (down 1.4% from FY 2023). Net income: JP¥687.0m (down 54% from FY 2023). Profit margin: 6.1% (down from 13% in FY 2023). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Jul 12
Sigmakoki Co., Ltd., Annual General Meeting, Aug 28, 2024 Sigmakoki Co., Ltd., Annual General Meeting, Aug 28, 2024. Announcement • May 29
Sigmakoki Co., Ltd. to Report Fiscal Year 2024 Results on Jul 11, 2024 Sigmakoki Co., Ltd. announced that they will report fiscal year 2024 results on Jul 11, 2024 Upcoming Dividend • May 23
Upcoming dividend of JP¥21.00 per share Eligible shareholders must have bought the stock before 30 May 2024. Payment date: 09 August 2024. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.5%). Reported Earnings • Apr 12
Third quarter 2024 earnings released: EPS: JP¥13.13 (vs JP¥35.02 in 3Q 2023) Third quarter 2024 results: EPS: JP¥13.13 (down from JP¥35.02 in 3Q 2023). Revenue: JP¥2.69b (down 6.4% from 3Q 2023). Net income: JP¥93.0m (down 63% from 3Q 2023). Profit margin: 3.5% (down from 8.6% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Jan 28
Sigmakoki Co., Ltd. to Report Q3, 2024 Results on Apr 11, 2024 Sigmakoki Co., Ltd. announced that they will report Q3, 2024 results on Apr 11, 2024 Reported Earnings • Jan 13
Second quarter 2024 earnings released: EPS: JP¥36.85 (vs JP¥47.73 in 2Q 2023) Second quarter 2024 results: EPS: JP¥36.85 (down from JP¥47.73 in 2Q 2023). Revenue: JP¥2.90b (down 3.6% from 2Q 2023). Net income: JP¥261.0m (down 23% from 2Q 2023). Profit margin: 9.0% (down from 11% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Nov 22
Upcoming dividend of JP¥21.00 per share at 2.8% yield Eligible shareholders must have bought the stock before 29 November 2023. Payment date: 14 February 2024. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.5%). Announcement • Oct 29
Sigmakoki Co., Ltd. to Report Q2, 2024 Results on Jan 11, 2024 Sigmakoki Co., Ltd. announced that they will report Q2, 2024 results on Jan 11, 2024 Reported Earnings • Oct 12
First quarter 2024 earnings released: EPS: JP¥35.44 (vs JP¥40.38 in 1Q 2023) First quarter 2024 results: EPS: JP¥35.44 (down from JP¥40.38 in 1Q 2023). Revenue: JP¥2.80b (up 6.1% from 1Q 2023). Net income: JP¥251.0m (down 12% from 1Q 2023). Profit margin: 9.0% (down from 11% in 1Q 2023). Revenue is forecast to grow 4.6% p.a. on average during the next 2 years, compared to a 6.5% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Aug 07
Sigmakoki Co., Ltd. to Report Q1, 2024 Results on Oct 11, 2023 Sigmakoki Co., Ltd. announced that they will report Q1, 2024 results on Oct 11, 2023 Announcement • Jul 15
Sigmakoki Co., Ltd., Annual General Meeting, Aug 29, 2023 Sigmakoki Co., Ltd., Annual General Meeting, Aug 29, 2023. Reported Earnings • Jul 15
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: JP¥211 (up from JP¥165 in FY 2022). Revenue: JP¥11.4b (up 9.8% from FY 2022). Net income: JP¥1.49b (up 28% from FY 2022). Profit margin: 13% (up from 11% in FY 2022). Revenue exceeded analyst estimates by 3.3%. Earnings per share (EPS) also surpassed analyst estimates by 32%. Revenue is forecast to grow 4.7% p.a. on average during the next 2 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 29% 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 • May 23
Upcoming dividend of JP¥20.00 per share at 2.6% yield Eligible shareholders must have bought the stock before 30 May 2023. Payment date: 07 August 2023. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.5%). Reported Earnings • Apr 13
Third quarter 2023 earnings released: EPS: JP¥35.02 (vs JP¥39.11 in 3Q 2022) Third quarter 2023 results: EPS: JP¥35.02 (down from JP¥39.11 in 3Q 2022). Revenue: JP¥2.87b (up 12% from 3Q 2022). Net income: JP¥248.0m (down 11% from 3Q 2022). Profit margin: 8.6% (down from 11% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.4% 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 29% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Announcement • Jan 29
Sigmakoki Co., Ltd. to Report Q3, 2023 Results on Apr 11, 2023 Sigmakoki Co., Ltd. announced that they will report Q3, 2023 results on Apr 11, 2023 Reported Earnings • Jan 11
Second quarter 2023 earnings released: EPS: JP¥47.72 (vs JP¥48.29 in 2Q 2022) Second quarter 2023 results: EPS: JP¥47.72 (down from JP¥48.29 in 2Q 2022). Revenue: JP¥3.01b (up 15% from 2Q 2022). Net income: JP¥338.0m (down 1.2% from 2Q 2022). Profit margin: 11% (down from 13% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.6% 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 31% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Upcoming Dividend • Nov 22
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 29 November 2022. Payment date: 14 February 2023. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.6%). Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 5 highly experienced directors. No independent directors (4 non-independent directors). Standing Corporate Auditor Shuichi Yamaguchi was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Announcement • Nov 12
Sigmakoki Co., Ltd. to Report Q2, 2023 Results on Jan 10, 2023 Sigmakoki Co., Ltd. announced that they will report Q2, 2023 results on Jan 10, 2023 Reported Earnings • Oct 09
First quarter 2023 earnings released: EPS: JP¥40.38 (vs JP¥37.14 in 1Q 2022) First quarter 2023 results: EPS: JP¥40.38 (up from JP¥37.14 in 1Q 2022). Revenue: JP¥2.64b (up 12% from 1Q 2022). Net income: JP¥286.0m (up 8.7% from 1Q 2022). Profit margin: 11% (in line with 1Q 2022). Revenue is forecast to grow 6.2% 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 29% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Jul 31
Sigmakoki Co., Ltd. to Report Q1, 2023 Results on Oct 07, 2022 Sigmakoki Co., Ltd. announced that they will report Q1, 2023 results on Oct 07, 2022 Announcement • Jul 15
Sigmakoki Co., Ltd., Annual General Meeting, Aug 25, 2022 Sigmakoki Co., Ltd., Annual General Meeting, Aug 25, 2022. Agenda: General meeting of shareholders. Reported Earnings • Jul 15
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: JP¥165 (up from JP¥116 in FY 2021). Revenue: JP¥10.4b (up 18% from FY 2021). Net income: JP¥1.17b (up 42% from FY 2021). Profit margin: 11% (up from 9.4% in FY 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) also surpassed analyst estimates by 6.4%. Over the next year, revenue is forecast to grow 4.3%, compared to a 10% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • May 23
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 30 May 2022. Payment date: 08 August 2022. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.6%). Announcement • May 02
Sigmakoki Co., Ltd. to Report Fiscal Year 2022 Results on Jul 13, 2022 Sigmakoki Co., Ltd. announced that they will report fiscal year 2022 results on Jul 13, 2022 Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 2 highly experienced directors. No independent directors (4 non-independent directors). Standing Corporate Auditor Shuichi Yamaguchi was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Apr 14
Third quarter 2022 earnings: EPS and revenues exceed analyst expectations Third quarter 2022 results: EPS: JP¥39.11 (up from JP¥33.61 in 3Q 2021). Revenue: JP¥2.58b (up 11% from 3Q 2021). Net income: JP¥277.0m (up 16% from 3Q 2021). Profit margin: 11% (in line with 3Q 2021). Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) also surpassed analyst estimates by 16%. Over the next year, revenue is forecast to grow 6.7%, compared to a 8.7% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Jan 30
Sigmakoki Co., Ltd. to Report Q3, 2022 Results on Apr 12, 2022 Sigmakoki Co., Ltd. announced that they will report Q3, 2022 results on Apr 12, 2022 Buying Opportunity • Jan 19
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 9.8%. The fair value is estimated to be JP¥2,110, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has been flat over the last 3 years. Reported Earnings • Jan 13
Second quarter 2022 earnings: EPS and revenues exceed analyst expectations Second quarter 2022 results: EPS: JP¥48.29 (up from JP¥28.66 in 2Q 2021). Revenue: JP¥2.62b (up 18% from 2Q 2021). Net income: JP¥342.0m (up 69% from 2Q 2021). Profit margin: 13% (up from 9.1% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.0%. Earnings per share (EPS) also surpassed analyst estimates by 16%. Earnings per share (EPS) surpassed analyst estimates by 16%. Over the next year, revenue is forecast to grow 4.1%, compared to a 9.8% growth forecast for the industry in Japan. 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 13% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Nov 22
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 29 November 2021. Payment date: 12 February 2022. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.0%). Reported Earnings • Oct 08
First quarter 2022 earnings released: EPS JP¥37.14 (vs JP¥16.52 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥2.37b (up 30% from 1Q 2021). Net income: JP¥263.0m (up 125% from 1Q 2021). Profit margin: 11% (up from 6.4% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Reported Earnings • Jul 15
Full year 2021 earnings released: EPS JP¥116 (vs JP¥84.01 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥8.77b (up 3.2% from FY 2020). Net income: JP¥822.0m (up 38% from FY 2020). Profit margin: 9.4% (up from 7.0% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Jul 15
Investor sentiment improved over the past week After last week's 17% share price gain to JP¥2,050, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 15x in the Electronic industry in Japan. Total returns to shareholders of 6.7% over the past three years. Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment improved over the past week After last week's 17% share price gain to JP¥2,095, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 16x in the Electronic industry in Japan. Total returns to shareholders of 7.2% over the past three years. Upcoming Dividend • May 21
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 28 May 2021. Payment date: 07 August 2021. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (1.2%). Reported Earnings • Apr 11
Third quarter 2021 earnings released: EPS JP¥33.60 (vs JP¥22.31 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥2.32b (up 7.1% from 3Q 2020). Net income: JP¥238.0m (up 51% from 3Q 2020). Profit margin: 10% (up from 7.3% 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 22% 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 • Feb 04
New 90-day high: JP¥1,437 The company is up 17% from its price of JP¥1,226 on 06 November 2020. The Japanese market is up 13% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Electronic industry, which is up 18% over the same period. Announcement • Jan 31
Sigmakoki Co., Ltd. to Report Q3, 2021 Results on Apr 09, 2021 Sigmakoki Co., Ltd. announced that they will report Q3, 2021 results on Apr 09, 2021 Analyst Estimate Surprise Post Earnings • Jan 19
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 3.9%. Earnings per share (EPS) also surpassed analyst estimates by 10%. Over the next year, revenue is forecast to grow 3.1%, compared to a 6.3% growth forecast for the Electronic industry in Japan. Analyst Estimate Surprise Post Earnings • Jan 16
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 3.9%. Earnings per share (EPS) also surpassed analyst estimates by 10%. Over the next year, revenue is forecast to grow 3.1%, compared to a 6.3% growth forecast for the Electronic industry in Japan. Reported Earnings • Jan 14
Second quarter 2021 earnings released: EPS JP¥28.66 The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥2.23b (up 4.5% from 2Q 2020). Net income: JP¥203.0m (up 26% from 2Q 2020). Profit margin: 9.1% (up from 7.5% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 22% per year whereas the company’s share price has fallen by 17% per year. Is New 90 Day High Low • Jan 13
New 90-day high: JP¥1,419 The company is up 10.0% from its price of JP¥1,290 on 15 October 2020. The Japanese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 21% over the same period. Announcement • Nov 28
Sigmakoki Co., Ltd. to Report Q2, 2021 Results on Jan 12, 2021 Sigmakoki Co., Ltd. announced that they will report Q2, 2021 results on Jan 12, 2021 Upcoming Dividend • Nov 20
Upcoming Dividend of JP¥20.00 Per Share Will be paid on the 13th of February to those who are registered shareholders by the 27th of November. The trailing yield of 3.2% is in the top quartile of Japanese dividend payers (3.1%), and it is higher than industry peers (1.3%). Reported Earnings • Oct 17
First quarter earnings released Over the last 12 months the company has reported total profits of JP¥578.0m, down 17% from the prior year. Total revenue was JP¥8.15b over the last 12 months, down 9.0% from the prior year. Analyst Estimate Surprise Post Earnings • Oct 17
First-quarter earnings released: Revenue misses expectations First-quarter revenue missed analyst estimates by 1.3% at JP¥1.83b. Revenue is forecast to grow 3.0% over the next year, while the growth in Electronic industry in Japan is expected to stay flat. Reported Earnings • Oct 10
First quarter earnings released Over the last 12 months the company has reported total profits of JP¥578.0m, down 17% from the prior year. Total revenue was JP¥8.15b over the last 12 months, down 9.0% from the prior year. Analyst Estimate Surprise Post Earnings • Oct 10
First-quarter earnings released: Revenue misses expectations First-quarter revenue missed analyst estimates by 1.3% at JP¥1.83b. Revenue is forecast to grow 3.0% over the next year, while the growth in Electronic industry in Japan is expected to stay flat. Is New 90 Day High Low • Oct 05
New 90-day high: JP¥1,309 The company is up 22% from its price of JP¥1,077 on 07 July 2020. The Japanese market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 5.0% over the same period. Is New 90 Day High Low • Sep 18
New 90-day high: JP¥1,134 The company is up 3.0% from its price of JP¥1,106 on 19 June 2020. The Japanese market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 4.0% over the same period. Announcement • Aug 21
Sigmakoki Co., Ltd. to Report Q1, 2021 Results on Oct 09, 2020 Sigmakoki Co., Ltd. announced that they will report Q1, 2021 results on Oct 09, 2020