Buy Or Sell Opportunity • May 25
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.9% to JP¥1,080. The fair value is estimated to be JP¥1,398, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.8% over the last 3 years. Earnings per share has grown by 6.7%. Reported Earnings • May 20
Full year 2026 earnings released: EPS: JP¥83.74 (vs JP¥58.33 in FY 2025) Full year 2026 results: EPS: JP¥83.74 (up from JP¥58.33 in FY 2025). Revenue: JP¥2.71b (up 12% from FY 2025). Net income: JP¥304.0m (up 45% from FY 2025). Profit margin: 11% (up from 8.7% in FY 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 15
Sonocom Co.,Ltd., Annual General Meeting, Jun 25, 2026 Sonocom Co.,Ltd., Annual General Meeting, Jun 25, 2026. Valuation Update With 7 Day Price Move • May 11
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥1,414, the stock trades at a trailing P/E ratio of 19.6x. Average trailing P/E is 16x in the Electronic industry in Japan. Total returns to shareholders of 73% over the past three years. Announcement • May 10
Sonocom Co.,Ltd. to Report Fiscal Year 2026 Results on May 15, 2026 Sonocom Co.,Ltd. announced that they will report fiscal year 2026 results on May 15, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥13.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 29 June 2026. Trailing yield: 1.1%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (1.6%). New Risk • Mar 18
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 9.0% 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 Risk Share price has been highly volatile over the past 3 months (9.0% average weekly change). Minor Risk Market cap is less than US$100m (JP¥4.28b market cap, or US$26.9m). Reported Earnings • Feb 10
Third quarter 2026 earnings released: EPS: JP¥23.64 (vs JP¥17.45 in 3Q 2025) Third quarter 2026 results: EPS: JP¥23.64 (up from JP¥17.45 in 3Q 2025). Revenue: JP¥676.0m (up 2.1% from 3Q 2025). Net income: JP¥86.0m (up 37% from 3Q 2025). Profit margin: 13% (up from 9.5% in 3Q 2025). The increase in margin was primarily driven by higher revenue. 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. Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥1,254, the stock trades at a trailing P/E ratio of 19x. Average trailing P/E is 15x in the Electronic industry in Japan. Total returns to shareholders of 56% over the past three years. New Risk • Jan 28
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (5.4% average weekly change). Market cap is less than US$100m (JP¥3.83b market cap, or US$25.1m). Valuation Update With 7 Day Price Move • Jan 23
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to JP¥1,165, the stock trades at a trailing P/E ratio of 17.7x. Average trailing P/E is 16x in the Electronic industry in Japan. Total returns to shareholders of 45% over the past three years. Announcement • Dec 20
Sonocom Co.,Ltd. to Report Q3, 2026 Results on Feb 09, 2026 Sonocom Co.,Ltd. announced that they will report Q3, 2026 results on Feb 09, 2026 Reported Earnings • Nov 13
Second quarter 2026 earnings released: EPS: JP¥21.74 (vs JP¥13.07 in 2Q 2025) Second quarter 2026 results: EPS: JP¥21.74 (up from JP¥13.07 in 2Q 2025). Revenue: JP¥644.0m (up 14% from 2Q 2025). Net income: JP¥79.0m (up 68% from 2Q 2025). Profit margin: 12% (up from 8.3% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Declared Dividend • Nov 12
Dividend of JP¥12.00 announced Dividend of JP¥12.00 is the same as last year. Ex-date: 30th March 2026 Payment date: 29th June 2026 Dividend yield will be 1.3%, which is about the same as the industry average. Sustainability & Growth The dividend has increased by an average of 4.7% per year over the past 4 years and payments have been stable during that time. Announcement • Sep 19
Sonocom Co.,Ltd. to Report Q2, 2026 Results on Nov 10, 2025 Sonocom Co.,Ltd. announced that they will report Q2, 2026 results on Nov 10, 2025 Reported Earnings • Aug 10
First quarter 2026 earnings released: EPS: JP¥16.06 (vs JP¥17.85 in 1Q 2025) First quarter 2026 results: EPS: JP¥16.06 (down from JP¥17.85 in 1Q 2025). Revenue: JP¥643.0m (up 13% from 1Q 2025). Net income: JP¥58.0m (down 9.4% from 1Q 2025). Profit margin: 9.0% (down from 11% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Announcement • Jun 27
Sonocom Co.,Ltd. to Report Q1, 2026 Results on Aug 08, 2025 Sonocom Co.,Ltd. announced that they will report Q1, 2026 results on Aug 08, 2025 Reported Earnings • May 14
Full year 2025 earnings released: EPS: JP¥58.33 (vs JP¥66.95 in FY 2024) Full year 2025 results: EPS: JP¥58.33 (down from JP¥66.95 in FY 2024). Revenue: JP¥2.42b (up 14% from FY 2024). Net income: JP¥210.0m (down 13% from FY 2024). Profit margin: 8.7% (down from 11% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Announcement • May 12
Sonocom Co.,Ltd., Annual General Meeting, Jun 26, 2025 Sonocom Co.,Ltd., Annual General Meeting, Jun 26, 2025. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥12.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 27 June 2025. The company last paid an ordinary dividend in February 2022. The average dividend yield among industry peers is 1.7%. Announcement • Mar 14
Sonocom Co.,Ltd. to Report Fiscal Year 2025 Results on May 12, 2025 Sonocom Co.,Ltd. announced that they will report fiscal year 2025 results on May 12, 2025 Reported Earnings • Feb 12
Third quarter 2025 earnings released: EPS: JP¥17.45 (vs JP¥3.35 in 3Q 2024) Third quarter 2025 results: EPS: JP¥17.45 (up from JP¥3.35 in 3Q 2024). Revenue: JP¥662.0m (up 30% from 3Q 2024). Net income: JP¥63.0m (up 425% from 3Q 2024). Profit margin: 9.5% (up from 2.3% 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 9% 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. Reported Earnings • Nov 14
Second quarter 2025 earnings released: EPS: JP¥13.07 (vs JP¥34.04 in 2Q 2024) Second quarter 2025 results: EPS: JP¥13.07 (down from JP¥34.04 in 2Q 2024). Revenue: JP¥567.0m (up 20% from 2Q 2024). Net income: JP¥47.0m (down 62% from 2Q 2024). Profit margin: 8.3% (down from 26% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 3% per year. Declared Dividend • Nov 13
Dividend of JP¥12.00 announced Shareholders will receive a dividend of JP¥12.00. Ex-date: 28th March 2025 Payment date: 27th June 2025 Dividend yield will be 1.5%, which is higher than the industry average of 1.4%. Announcement • Oct 03
Sonocom Co.,Ltd. to Report Q2, 2025 Results on Nov 11, 2024 Sonocom Co.,Ltd. announced that they will report Q2, 2025 results on Nov 11, 2024 Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to JP¥690, the stock trades at a trailing P/E ratio of 10.3x. Average trailing P/E is 12x in the Electronic industry in Japan. Total loss to shareholders of 15% over the past three years. Announcement • Jun 21
Sonocom Co.,Ltd. to Report Q1, 2025 Results on Aug 13, 2024 Sonocom Co.,Ltd. announced that they will report Q1, 2025 results on Aug 13, 2024 Reported Earnings • May 17
Full year 2024 earnings released: EPS: JP¥66.95 (vs JP¥45.88 in FY 2023) Full year 2024 results: EPS: JP¥66.95 (up from JP¥45.88 in FY 2023). Revenue: JP¥2.13b (down 4.6% from FY 2023). Net income: JP¥240.0m (up 44% from FY 2023). Profit margin: 11% (up from 7.5% in FY 2023). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • May 15
Sonocom Co.,Ltd., Annual General Meeting, Jun 26, 2024 Sonocom Co.,Ltd., Annual General Meeting, Jun 26, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥12.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. The company last paid an ordinary dividend in February 2022. The average dividend yield among industry peers is 1.4%. Announcement • Mar 03
Sonocom Co.,Ltd. to Report Fiscal Year 2024 Results on May 13, 2024 Sonocom Co.,Ltd. announced that they will report fiscal year 2024 results on May 13, 2024 Reported Earnings • Feb 11
Third quarter 2024 earnings released: EPS: JP¥3.35 (vs JP¥14.56 in 3Q 2023) Third quarter 2024 results: EPS: JP¥3.35 (down from JP¥14.56 in 3Q 2023). Revenue: JP¥511.0m (down 6.6% from 3Q 2023). Net income: JP¥12.0m (down 77% from 3Q 2023). Profit margin: 2.3% (down from 9.7% in 3Q 2023). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • Dec 17
Sonocom Co.,Ltd. to Report Q3, 2024 Results on Feb 09, 2024 Sonocom Co.,Ltd. announced that they will report Q3, 2024 results on Feb 09, 2024 Reported Earnings • Nov 17
Second quarter 2024 earnings released: EPS: JP¥34.04 (vs JP¥21.83 in 2Q 2023) Second quarter 2024 results: EPS: JP¥34.04 (up from JP¥21.83 in 2Q 2023). Revenue: JP¥472.0m (down 19% from 2Q 2023). Net income: JP¥122.0m (up 53% from 2Q 2023). Profit margin: 26% (up from 14% in 2Q 2023). 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 2% per year, which means it is significantly lagging earnings growth. Announcement • Sep 01
Sonocom Co.,Ltd. to Report Q2, 2024 Results on Nov 10, 2023 Sonocom Co.,Ltd. announced that they will report Q2, 2024 results on Nov 10, 2023 Reported Earnings • Aug 12
First quarter 2024 earnings released: EPS: JP¥23.43 (vs JP¥6.55 in 1Q 2023) First quarter 2024 results: EPS: JP¥23.43 (up from JP¥6.55 in 1Q 2023). Revenue: JP¥618.0m (up 2.5% from 1Q 2023). Net income: JP¥84.0m (up 250% from 1Q 2023). Profit margin: 14% (up from 4.0% in 1Q 2023). The increase in margin was primarily driven by lower expenses. 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 2% per year, which means it is significantly lagging earnings growth. Announcement • Jun 04
Sonocom Co.,Ltd. to Report Q1, 2024 Results on Aug 10, 2023 Sonocom Co.,Ltd. announced that they will report Q1, 2024 results on Aug 10, 2023 Reported Earnings • May 15
Full year 2023 earnings released: EPS: JP¥45.88 (vs JP¥79.13 in FY 2022) Full year 2023 results: EPS: JP¥45.88 (down from JP¥79.13 in FY 2022). Revenue: JP¥2.24b (down 2.1% from FY 2022). Net income: JP¥167.0m (down 42% from FY 2022). Profit margin: 7.5% (down from 13% in FY 2022). 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 6% per year, which means it is significantly lagging earnings growth. Announcement • May 14
Sonocom Co.,Ltd., Annual General Meeting, Jun 28, 2023 Sonocom Co.,Ltd., Annual General Meeting, Jun 28, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥10.00 per share at 1.2% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 29 June 2023. Trailing yield: 1.2%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (1.6%). Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: JP¥14.55 (vs JP¥15.28 in 3Q 2022) Third quarter 2023 results: EPS: JP¥14.55 (down from JP¥15.28 in 3Q 2022). Revenue: JP¥547.0m (down 4.4% from 3Q 2022). Net income: JP¥53.0m (down 5.4% from 3Q 2022). Profit margin: 9.7% (in line with 3Q 2022). Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Dec 19
Sonocom Co.,Ltd. (TSE:7902) announces an Equity Buyback for 80,000 shares, for ¥64.48 million. Sonocom Co.,Ltd. (TSE:7902) announces a share repurchase program. Under the program, the company will repurchase up to 80,000 shares, representing 2.18% of its issued share capital (excluding treasury stock), for a total purchase price of ¥64.48 million. The shares will be repurchased at a price of ¥806 per share. The purpose of the program is to enable the flexible execution of a capital policy in response to changes in the business environment. As of September 30, 2022, the company had 3,664,964 issued shares (excluding treasury stock) and 1,335,036 treasury shares. Announcement • Dec 01
Sonocom Co.,Ltd. to Report Q3, 2023 Results on Feb 10, 2023 Sonocom Co.,Ltd. announced that they will report Q3, 2023 results on Feb 10, 2023 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. 3 experienced directors. 4 highly experienced directors. No independent directors (4 non-independent directors). External Director Kiyoshi Suzuki was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Announcement • Aug 31
Sonocom Co.,Ltd. to Report Q2, 2023 Results on Nov 11, 2022 Sonocom Co.,Ltd. announced that they will report Q2, 2023 results on Nov 11, 2022 Reported Earnings • Aug 10
First quarter 2023 earnings released: EPS: JP¥6.55 (vs JP¥19.11 in 1Q 2022) First quarter 2023 results: EPS: JP¥6.55 (down from JP¥19.11 in 1Q 2022). Revenue: JP¥603.0m (up 3.8% from 1Q 2022). Net income: JP¥24.0m (down 66% from 1Q 2022). Profit margin: 4.0% (down from 12% in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Jun 08
Sonocom Co.,Ltd. to Report Q1, 2023 Results on Aug 08, 2022 Sonocom Co.,Ltd. announced that they will report Q1, 2023 results on Aug 08, 2022 Reported Earnings • May 18
Full year 2022 earnings released: EPS: JP¥790 (vs JP¥30.29 in FY 2021) Full year 2022 results: EPS: JP¥790 (up from JP¥30.29 in FY 2021). Revenue: JP¥2.29b (up 16% from FY 2021). Net income: JP¥290.0m (up 161% from FY 2021). Profit margin: 13% (up from 5.6% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • May 15
Sonocom Co.,Ltd., Annual General Meeting, Jun 28, 2022 Sonocom Co.,Ltd., Annual General Meeting, Jun 28, 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. 3 experienced directors. 4 highly experienced directors. No independent directors (4 non-independent directors). External Director Kiyoshi Suzuki was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Announcement • Apr 08
Sonocom Co.,Ltd. to Report Fiscal Year 2022 Results on May 13, 2022 Sonocom Co.,Ltd. announced that they will report fiscal year 2022 results on May 13, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥12.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 30 June 2022. The company is not currently making a profit but it is cash flow positive. Trailing yield: 1.2%. Lower than top quartile of Japanese dividend payers (3.4%). In line with average of industry peers (1.3%). Reported Earnings • Feb 13
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥15.27 (up from JP¥9.28 in 3Q 2021). Revenue: JP¥572.0m (up 18% from 3Q 2021). Net income: JP¥56.0m (up 65% from 3Q 2021). Profit margin: 9.8% (up from 7.0% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Reported Earnings • Nov 16
Second quarter 2022 earnings released: EPS JP¥16.91 (vs JP¥1.91 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥572.0m (up 28% from 2Q 2021). Net income: JP¥62.0m (up JP¥55.0m from 2Q 2021). Profit margin: 11% (up from 1.6% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Reported Earnings • Aug 12
First quarter 2022 earnings released: EPS JP¥19.10 (vs JP¥8.73 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥581.0m (up 15% from 1Q 2021). Net income: JP¥70.0m (up 119% from 1Q 2021). Profit margin: 12% (up from 6.3% 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 31% 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. Reported Earnings • May 18
Full year 2021 earnings released: EPS JP¥30.29 (vs JP¥40.38 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥1.98b (down 3.0% from FY 2020). Net income: JP¥111.0m (down 25% from FY 2020). Profit margin: 5.6% (down from 7.2% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment improved over the past week After last week's 23% share price gain to JP¥1,018, the stock trades at a trailing P/E ratio of 48.5x. Average trailing P/E is 18x in the Electronic industry in Japan. Total returns to shareholders of 1.8% over the past three years. Upcoming Dividend • Mar 23
Inaugural dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 29 June 2021. The company last paid an ordinary dividend in May 2012. The average dividend yield among industry peers is 1.1%. Announcement • Mar 07
Sonocom Co.,Ltd. to Report Fiscal Year 2021 Results on May 14, 2021 Sonocom Co.,Ltd. announced that they will report fiscal year 2021 results on May 14, 2021 Reported Earnings • Feb 10
Third quarter 2021 earnings released: EPS JP¥9.27 (vs JP¥13.10 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥483.0m (down 7.3% from 3Q 2020). Net income: JP¥34.0m (down 29% from 3Q 2020). Profit margin: 7.0% (down from 9.2% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Dec 14
New 90-day high: JP¥819 The company is up 1.0% from its price of JP¥809 on 15 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 14% over the same period. Reported Earnings • Nov 11
Second quarter 2021 earnings released: EPS JP¥1.91 The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥446.0m (down 13% from 2Q 2020). Net income: JP¥7.00m (down 84% from 2Q 2020). Profit margin: 1.6% (down from 8.6% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Announcement • Sep 06
Sonocom Co.,Ltd. to Report Q2, 2021 Results on Nov 09, 2020 Sonocom Co.,Ltd. announced that they will report Q2, 2021 results on Nov 09, 2020