Innotech TSE:9880 Stock Report

Upcoming dividend of JP¥35.00 per share

Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 09 December 2022. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 5.2%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.6%).

First quarter 2023 earnings released: EPS: JP¥20.22 (vs JP¥50.24 in 1Q 2022)

First quarter 2023 results: EPS: JP¥20.22 (down from JP¥50.24 in 1Q 2022). Revenue: JP¥9.04b (down 2.1% from 1Q 2022). Net income: JP¥265.0m (down 59% from 1Q 2022). Profit margin: 2.9% (down from 6.9% in 1Q 2022). The decrease in margin was primarily driven by higher expenses. Over the next year, revenue is forecast to grow 7.5%, compared to a 9.6% growth forecast for the 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 only increased by 15% per year, which means it is significantly lagging earnings growth.

Full year 2022 earnings: EPS exceeds analyst expectations

Full year 2022 results: EPS: JP¥169 (up from JP¥121 in FY 2021). Revenue: JP¥37.2b (up 14% from FY 2021). Net income: JP¥2.19b (up 43% from FY 2021). Profit margin: 5.9% (up from 4.7% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.3%. Over the next year, revenue is forecast to grow 6.2%, compared to a 8.2% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.

Innotech Corporation Provides Consolidated Earning Guidance for the Fiscal Year Ending March 31, 2023