Buy Or Sell Opportunity • Jun 15
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 8.1% to JP¥3,520. The fair value is estimated to be JP¥2,923, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.2% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 8.9% per annum. Earnings are also forecast to grow by 7.1% per annum over the same time period. Announcement • Jun 03
Riken Keiki Co., Ltd. to Report Q1, 2027 Results on Aug 10, 2026 Riken Keiki Co., Ltd. announced that they will report Q1, 2027 results at 9:00 AM, Tokyo Standard Time on Aug 10, 2026 Buy Or Sell Opportunity • May 26
Now 22% undervalued The stock has been flat over the last 90 days, currently trading at JP¥3,685. The fair value is estimated to be JP¥4,723, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.2% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 9.5% per annum. Earnings are also forecast to grow by 6.1% per annum over the same time period. Reported Earnings • May 15
Full year 2026 earnings: EPS exceeds analyst expectations Full year 2026 results: EPS: JP¥217 (up from JP¥172 in FY 2025). Revenue: JP¥55.2b (up 13% from FY 2025). Net income: JP¥9.96b (up 24% from FY 2025). Profit margin: 18% (up from 16% in FY 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 15%. Revenue is forecast to grow 8.0% p.a. on average during the next 2 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 increased by 2% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. New Risk • May 14
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 7.0% 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. This is currently the only risk that has been identified for the company. Announcement • May 13
Riken Keiki Co., Ltd., Annual General Meeting, Jun 25, 2026 Riken Keiki Co., Ltd., Annual General Meeting, Jun 25, 2026. Announcement • May 10
Riken Keiki Co., Ltd. to Report Fiscal Year 2026 Results on May 13, 2026 Riken Keiki Co., Ltd. announced that they will report fiscal year 2026 results on May 13, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 05 June 2026. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (1.6%). Announcement • Feb 16
Riken Keiki Co., Ltd. (TSE:7734) announces an Equity Buyback for 170,000 shares, representing 0.37% for ¥562.7 million. Riken Keiki Co., Ltd. (TSE:7734) announces a share repurchase program. Under the program, the company will repurchase up to 170,000 shares, representing 0.37%, for ¥562.7 million. The shares will be repurchased at a price of ¥3,310 per share. The purpose of the program is to improve capital efficiency and implement agile capital policies according to the business environment. As of January 31, 2026, the company had 45,625,784 shares in issue (excluding treasury shares) and 1,696,216 shares in treasury. Reported Earnings • Feb 11
Third quarter 2026 earnings released: EPS: JP¥53.39 (vs JP¥54.92 in 3Q 2025) Third quarter 2026 results: EPS: JP¥53.39 (down from JP¥54.92 in 3Q 2025). Revenue: JP¥13.9b (up 16% from 3Q 2025). Net income: JP¥2.45b (down 4.3% from 3Q 2025). Profit margin: 18% (down from 21% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.5% p.a. on average during the next 3 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 1% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Price Target Changed • Jan 16
Price target increased by 21% to JP¥4,400 Up from JP¥3,650, the current price target is provided by 1 analyst. New target price is 31% above last closing price of JP¥3,350. Stock is up 7.4% over the past year. The company is forecast to post earnings per share of JP¥193 for next year compared to JP¥172 last year. Announcement • Dec 17
Riken Keiki Co., Ltd. (TSE:7734) announces an Equity Buyback for 320,000 shares, representing 0.7% for ¥985.6 million. Riken Keiki Co., Ltd. (TSE:7734) announces a share repurchase program. Under the program, the company will repurchase up to 320,000 shares, representing 0.7%, for ¥985.6 million. The shares will be repurchased at a price of ¥3,080 per share. The purpose of the program is to improve capital efficiency and implement agile capital policies according to the business environment. The program will expire on December 18, 2025. As of November 30, 2025, the company had 45,945,817 shares in issue (excluding treasury shares) and 1,376,183 shares in treasury. Declared Dividend • Dec 09
First half dividend of JP¥25.00 announced Shareholders will receive a dividend of JP¥25.00. Ex-date: 30th March 2026 Payment date: 5th June 2026 Dividend yield will be 1.6%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (27% earnings payout ratio) and cash flows (32% cash payout ratio). The dividend has increased by an average of 17% 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 35% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Dec 02
Riken Keiki Co., Ltd. to Report Q3, 2026 Results on Feb 10, 2026 Riken Keiki Co., Ltd. announced that they will report Q3, 2026 results on Feb 10, 2026 Reported Earnings • Nov 13
Second quarter 2026 earnings released: EPS: JP¥43.72 (vs JP¥28.85 in 2Q 2025) Second quarter 2026 results: EPS: JP¥43.72 (up from JP¥28.85 in 2Q 2025). Revenue: JP¥13.4b (up 5.9% from 2Q 2025). Net income: JP¥2.01b (up 50% from 2Q 2025). Profit margin: 15% (up from 11% in 2Q 2025). Revenue is forecast to grow 6.6% p.a. on average during the next 3 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 remained flat but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Oct 06
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥3,570, 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 83% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥3,621 per share. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 08 December 2025. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (1.7%). Announcement • Sep 02
Riken Keiki Co., Ltd. to Report Q2, 2026 Results on Nov 11, 2025 Riken Keiki Co., Ltd. announced that they will report Q2, 2026 results on Nov 11, 2025 Reported Earnings • Aug 08
First quarter 2026 earnings released: EPS: JP¥46.54 (vs JP¥48.08 in 1Q 2025) First quarter 2026 results: EPS: JP¥46.54 (down from JP¥48.08 in 1Q 2025). Revenue: JP¥13.6b (up 21% from 1Q 2025). Net income: JP¥2.14b (down 4.5% from 1Q 2025). Profit margin: 16% (down from 20% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.1% 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 15% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Jul 09
Final dividend of JP¥25.00 announced Shareholders will receive a dividend of JP¥25.00. Ex-date: 29th September 2025 Payment date: 8th December 2025 Dividend yield will be 1.7%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (23% earnings payout ratio) and cash flows (52% cash payout ratio). The dividend has increased by an average of 17% 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 35% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Jun 19
Now 21% undervalued Over the last 90 days, the stock has risen 5.4% to JP¥3,020. The fair value is estimated to be JP¥3,823, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.7% over the last 3 years. Earnings per share has grown by 4.3%. For the next 3 years, revenue is forecast to grow by 6.0% per annum. Earnings are also forecast to grow by 10% per annum over the same time period. Announcement • Jun 03
Riken Keiki Co., Ltd. to Report Q1, 2026 Results on Aug 07, 2025 Riken Keiki Co., Ltd. announced that they will report Q1, 2026 results on Aug 07, 2025 Reported Earnings • May 15
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: EPS: JP¥172 (down from JP¥180 in FY 2024). Revenue: JP¥49.0b (up 7.6% from FY 2024). Net income: JP¥8.01b (down 4.4% from FY 2024). Profit margin: 16% (down from 18% in FY 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) missed analyst estimates by 4.6%. Revenue is forecast to grow 4.8% p.a. on average during the next 2 years, compared to a 6.3% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 13
Riken Keiki Co., Ltd., Annual General Meeting, Jun 26, 2025 Riken Keiki Co., Ltd., Annual General Meeting, Jun 26, 2025. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥2,186, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 10x in the Electronic industry in Japan. Negligible returns to shareholders over past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥3,907 per share. Buy Or Sell Opportunity • Mar 24
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 28% to JP¥2,731. The fair value is estimated to be JP¥3,449, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.5% over the last 3 years. Earnings per share has grown by 6.5%. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to grow by 27% in the next 2 years. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 05 June 2025. Payout ratio is a comfortable 23% but the company is paying out more than the cash it is generating. Trailing yield: 1.4%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (1.7%). Announcement • Mar 13
Riken Keiki Co., Ltd. (TSE:7734) announces an Equity Buyback for 700,000 shares, representing 1.5% for ¥1,857.8 million. Riken Keiki Co., Ltd. (TSE:7734) announces a share repurchase program. Under the program, the company will repurchase up to 700,000 shares, representing 1.5%, for ¥1,857.8 million. The shares will be repurchased at a price of ¥2,654 per share. The purpose of the program is to enhance capital efficiency and implement agile capital policies in response to the management environment. The program will expire on March 13, 2025. As of December 31, 2024, the company had 46,579,942 shares in issue (excluding treasury shares) and 742,058 shares in treasury. Price Target Changed • Mar 12
Price target decreased by 15% to JP¥3,450 Down from JP¥4,050, the current price target is an average from 2 analysts. New target price is 30% above last closing price of JP¥2,654. Stock is down 29% over the past year. The company is forecast to post earnings per share of JP¥180 for next year compared to JP¥180 last year. Announcement • Mar 01
Riken Keiki Co., Ltd. to Report Fiscal Year 2025 Results on May 13, 2025 Riken Keiki Co., Ltd. announced that they will report fiscal year 2025 results on May 13, 2025 Reported Earnings • Feb 13
Third quarter 2025 earnings released: EPS: JP¥54.92 (vs JP¥43.35 in 3Q 2024) Third quarter 2025 results: EPS: JP¥54.92 (up from JP¥43.35 in 3Q 2024). Revenue: JP¥12.0b (up 3.1% from 3Q 2024). Net income: JP¥2.56b (up 27% from 3Q 2024). Profit margin: 21% (up from 17% in 3Q 2024). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 9.4% p.a. on average during the next 3 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 6% per year whereas the company’s share price has increased by 10% per year. Buy Or Sell Opportunity • Feb 03
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 31% to JP¥2,891. The fair value is estimated to be JP¥3,700, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.9% over the last 3 years. Earnings per share has grown by 9.6%. Revenue is forecast to grow by 21% in 2 years. Earnings are forecast to grow by 53% in the next 2 years. 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 Share price has been volatile over the past 3 months (5.6% average weekly change). Declared Dividend • Dec 07
First half dividend of JP¥20.00 announced Shareholders will receive a dividend of JP¥20.00. Ex-date: 28th March 2025 Payment date: 5th June 2025 Dividend yield will be 1.1%, which is lower than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (25% earnings payout ratio) but not covered by cash flows (288% cash payout ratio). The dividend has increased by an average of 17% 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 66% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Dec 03
Riken Keiki Co., Ltd. to Report Q3, 2025 Results on Feb 12, 2025 Riken Keiki Co., Ltd. announced that they will report Q3, 2025 results on Feb 12, 2025 Reported Earnings • Nov 09
Second quarter 2025 earnings released: EPS: JP¥28.85 (vs JP¥43.26 in 2Q 2024) Second quarter 2025 results: EPS: JP¥28.85 (down from JP¥43.26 in 2Q 2024). Revenue: JP¥12.7b (up 14% from 2Q 2024). Net income: JP¥1.34b (down 33% from 2Q 2024). Profit margin: 11% (down from 18% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.1% 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 10% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Nov 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 09 December 2024. Payout ratio is a comfortable 23% but the company is not cash flow positive. Trailing yield: 1.0%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (1.5%). Announcement • Aug 27
Riken Keiki Co., Ltd. to Report Q2, 2025 Results on Nov 08, 2024 Riken Keiki Co., Ltd. announced that they will report Q2, 2025 results on Nov 08, 2024 Reported Earnings • Aug 09
First quarter 2025 earnings released: EPS: JP¥48.07 (vs JP¥54.40 in 1Q 2024) First quarter 2025 results: EPS: JP¥48.07 (down from JP¥54.40 in 1Q 2024). Revenue: JP¥11.2b (down 2.1% from 1Q 2024). Net income: JP¥2.24b (down 12% from 1Q 2024). Profit margin: 20% (down from 22% in 1Q 2024). Revenue is forecast to grow 8.2% 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 15% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Jul 31
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 5.3% 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. This is currently the only risk that has been identified for the company. Buy Or Sell Opportunity • Jul 31
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 15% to JP¥4,440. The fair value is estimated to be JP¥3,609, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 19%. For the next 3 years, revenue is forecast to grow by 7.5% per annum. Earnings are also forecast to grow by 13% per annum over the same time period. Declared Dividend • Jul 11
Final dividend of JP¥20.00 announced Shareholders will receive a dividend of JP¥20.00. Ex-date: 27th September 2024 Payment date: 9th December 2024 Dividend yield will be 1.5%, which is about the same as the industry average. Buy Or Sell Opportunity • Jul 01
Now 15% overvalued after recent price rise Over the last 90 days, the stock has risen 10% to JP¥4,105. The fair value is estimated to be JP¥3,561, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 19%. For the next 3 years, revenue is forecast to grow by 7.5% per annum. Earnings are also forecast to grow by 13% per annum over the same time period. Buy Or Sell Opportunity • Jun 27
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 9.2% to JP¥4,175. The fair value is estimated to be JP¥3,433, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 19%. For the next 3 years, revenue is forecast to grow by 7.5% per annum. Earnings are also forecast to grow by 13% per annum over the same time period. Announcement • Jun 06
Riken Keiki Co., Ltd. to Report Q1, 2025 Results on Aug 07, 2024 Riken Keiki Co., Ltd. announced that they will report Q1, 2025 results on Aug 07, 2024 Reported Earnings • May 12
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: JP¥360. Revenue: JP¥45.6b (up 1.3% from FY 2023). Net income: JP¥8.38b (down 3.4% from FY 2023). Profit margin: 18% (in line with FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 87%. Revenue is forecast to grow 7.4% p.a. on average during the next 2 years, compared to a 7.1% growth forecast for the Electronic industry in Japan. Announcement • May 12
Riken Keiki Co., Ltd., Annual General Meeting, Jun 26, 2024 Riken Keiki Co., Ltd., Annual General Meeting, Jun 26, 2024. New Risk • Mar 27
New minor risk - Dividend sustainability The dividend is not well covered by earnings. Payout ratio: 0% Dividend yield: 2.1% 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. This is currently the only risk that has been identified for the company. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 07 June 2024. Trailing yield: 1.0%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (1.4%). Announcement • Mar 02
Riken Keiki Co., Ltd. to Report Fiscal Year 2024 Results on May 10, 2024 Riken Keiki Co., Ltd. announced that they will report fiscal year 2024 results on May 10, 2024 Price Target Changed • Feb 27
Price target increased by 12% to JP¥8,100 Up from JP¥7,250, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of JP¥7,880. Stock is up 57% over the past year. The company is forecast to post earnings per share of JP¥390 for next year compared to JP¥372 last year. Announcement • Feb 16
Riken Keiki Co., Ltd. Provides Dividend Guidance for the Year Ending March 31, 2024 Riken Keiki Co., Ltd. provided dividend guidance for the year ending March 31, 2024. For the full year ending March 31, 2024, the company expects to pay year-end cash dividend of JPY 40,00 per share compared to JPY 40.00 per share paid a year ago. Reported Earnings • Feb 10
Third quarter 2024 earnings released: EPS: JP¥86.71 (vs JP¥111 in 3Q 2023) Third quarter 2024 results: EPS: JP¥86.71 (down from JP¥111 in 3Q 2023). Revenue: JP¥11.7b (down 5.8% from 3Q 2023). Net income: JP¥2.02b (down 22% from 3Q 2023). Profit margin: 17% (down from 21% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 27
Riken Keiki Co., Ltd. to Report Q3, 2024 Results on Feb 08, 2024 Riken Keiki Co., Ltd. announced that they will report Q3, 2024 results on Feb 08, 2024 Reported Earnings • Nov 10
Second quarter 2024 earnings released: EPS: JP¥86.53 (vs JP¥84.40 in 2Q 2023) Second quarter 2024 results: EPS: JP¥86.53 (up from JP¥84.40 in 2Q 2023). Revenue: JP¥11.2b (down 3.9% from 2Q 2023). Net income: JP¥2.02b (up 2.5% from 2Q 2023). Profit margin: 18% (up from 17% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 7.1% 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 whereas the company’s share price has increased by 26% per year. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥40.00 per share at 1.4% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 08 December 2023. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of Japanese dividend payers (3.3%). In line with average of industry peers (1.4%). Announcement • Aug 30
Riken Keiki Co., Ltd. to Report Q2, 2024 Results on Nov 09, 2023 Riken Keiki Co., Ltd. announced that they will report Q2, 2024 results on Nov 09, 2023 Reported Earnings • Aug 10
First quarter 2024 earnings released: EPS: JP¥109 (vs JP¥111 in 1Q 2023) First quarter 2024 results: EPS: JP¥109 (down from JP¥111 in 1Q 2023). Revenue: JP¥11.5b (up 6.8% from 1Q 2023). Net income: JP¥2.53b (down 1.9% from 1Q 2023). Profit margin: 22% (down from 24% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.0% 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 28% per year whereas the company’s share price has increased by 25% per year. Announcement • May 28
Riken Keiki Co., Ltd. to Report Q1, 2024 Results on Aug 09, 2023 Riken Keiki Co., Ltd. announced that they will report Q1, 2024 results on Aug 09, 2023 Reported Earnings • May 16
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: JP¥372 (up from JP¥256 in FY 2022). Revenue: JP¥45.0b (up 21% from FY 2022). Net income: JP¥8.67b (up 45% from FY 2022). Profit margin: 19% (up from 16% in FY 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) also missed analyst estimates by 3.6%. Revenue is forecast to grow 5.2% p.a. on average during the next 2 years, compared to a 6.4% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 27% per year whereas the company’s share price has increased by 30% per year. Announcement • May 13
Riken Keiki Co., Ltd., Annual General Meeting, Jun 28, 2023 Riken Keiki Co., Ltd., Annual General Meeting, Jun 28, 2023. Buying Opportunity • May 12
Now 24% undervalued after recent price drop Over the last 90 days, the stock is down 2.2%. The fair value is estimated to be JP¥6,179, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 26%. Revenue is forecast to grow by 12% in 2 years. Earnings is forecast to grow by 24% in the next 2 years. Buying Opportunity • Apr 06
Now 20% undervalued Over the last 90 days, the stock is up 18%. The fair value is estimated to be JP¥6,153, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 26%. Revenue is forecast to grow by 12% in 2 years. Earnings is forecast to grow by 24% in the next 2 years. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥40.00 per share at 1.6% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 08 June 2023. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (1.6%). Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: JP¥111 (vs JP¥71.32 in 3Q 2022) Third quarter 2023 results: EPS: JP¥111 (up from JP¥71.32 in 3Q 2022). Revenue: JP¥12.4b (up 28% from 3Q 2022). Net income: JP¥2.57b (up 55% from 3Q 2022). Profit margin: 21% (up from 17% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.4% p.a. on average during the next 3 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 increased by 26% per year whereas the company’s share price has increased by 27% per year. Buying Opportunity • Jan 27
Now 20% undervalued Over the last 90 days, the stock is up 12%. The fair value is estimated to be JP¥5,707, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.4% over the last 3 years. Earnings per share has grown by 24%. Revenue is forecast to grow by 14% in 2 years. Earnings is forecast to grow by 27% in the next 2 years. Valuation Update With 7 Day Price Move • Dec 21
Investor sentiment deteriorated over the past week After last week's 16% share price decline to JP¥4,170, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 10x in the Electronic industry in Japan. Total returns to shareholders of 91% over the past three years. Announcement • Nov 27
Riken Keiki Co., Ltd. to Report Q3, 2023 Results on Feb 10, 2023 Riken Keiki Co., Ltd. announced that they will report Q3, 2023 results on Feb 10, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: JP¥84.40 (vs JP¥73.09 in 2Q 2022) Second quarter 2023 results: EPS: JP¥84.40 (up from JP¥73.09 in 2Q 2022). Revenue: JP¥11.6b (up 26% from 2Q 2022). Net income: JP¥1.97b (up 16% from 2Q 2022). Profit margin: 17% (down from 18% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.8% p.a. on average during the next 3 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 24% per year whereas the company’s share price has increased by 28% per year. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. President & Representative Director Junichi Koyano was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.