Reported Earnings • Aug 13
First quarter 2027 earnings released: EPS: JP¥72.05 (vs JP¥87.16 in 1Q 2026) First quarter 2027 results: EPS: JP¥72.05 (down from JP¥87.16 in 1Q 2026). Revenue: JP¥89.0b (flat on 1Q 2026). Net income: JP¥3.83b (down 17% from 1Q 2026). Profit margin: 4.3% (down from 5.2% in 1Q 2026). Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Logistics industry in Japan. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 14% per year. Price Target Changed • Aug 06
Price target decreased by 7.9% to JP¥3,500 Down from JP¥3,800, the current price target is an average from 3 analysts. New target price is 25% above last closing price of JP¥2,811. Stock is down 15% over the past year. The company is forecast to post earnings per share of JP¥264 for next year compared to JP¥269 last year. Declared Dividend • Jul 25
Final dividend of JP¥55.00 announced Dividend of JP¥55.00 is the same as last year. Ex-date: 29th September 2026 Payment date: 1st December 2026 Dividend yield will be 3.8%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by both earnings (41% earnings payout ratio) and cash flows (52% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 21% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Board Change • Jul 22
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. 2 experienced directors. 3 highly experienced directors. 2 independent directors (3 non-independent directors). Chairman, President & CEO Tadahiko Konoike is the most experienced director on the board, commencing their role in 1989. Independent External Director Mika Masuyama was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Reported Earnings • May 15
Full year 2026 earnings: EPS misses analyst expectations Full year 2026 results: EPS: JP¥269 (up from JP¥265 in FY 2025). Revenue: JP¥355.6b (up 3.1% from FY 2025). Net income: JP¥14.3b (up 1.6% from FY 2025). Profit margin: 4.0% (down from 4.1% in FY 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.8%. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Logistics industry in Japan. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 19% per year. Announcement • May 13
Konoike Transport Co.,Ltd., Annual General Meeting, Jun 23, 2026 Konoike Transport Co.,Ltd., Annual General Meeting, Jun 23, 2026. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥55.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 25 June 2026. Payout ratio is a comfortable 48% and this is well supported by cash flows. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.8%). Reported Earnings • Feb 14
Third quarter 2026 earnings released: EPS: JP¥82.15 (vs JP¥76.84 in 3Q 2025) Third quarter 2026 results: EPS: JP¥82.15 (up from JP¥76.84 in 3Q 2025). Revenue: JP¥91.0b (up 2.5% from 3Q 2025). Net income: JP¥4.36b (up 7.0% from 3Q 2025). Profit margin: 4.8% (up from 4.6% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Logistics industry in Japan. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Dec 02
First half dividend of JP¥55.00 announced Shareholders will receive a dividend of JP¥55.00. Ex-date: 30th March 2026 Payment date: 25th June 2026 Dividend yield will be 3.6%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by both earnings (26% earnings payout ratio) and cash flows (58% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 29% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 18
Second quarter 2026 earnings released: EPS: JP¥65.95 (vs JP¥63.99 in 2Q 2025) Second quarter 2026 results: EPS: JP¥65.95 (up from JP¥63.99 in 2Q 2025). Revenue: JP¥90.0b (up 4.7% from 2Q 2025). Net income: JP¥3.50b (up 3.1% from 2Q 2025). Profit margin: 3.9% (in line with 2Q 2025). Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Logistics industry in Japan. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 24% per year. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥55.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 02 December 2025. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.6%). Reported Earnings • Aug 09
First quarter 2026 earnings released: EPS: JP¥87.16 (vs JP¥91.64 in 1Q 2025) First quarter 2026 results: EPS: JP¥87.16 (down from JP¥91.64 in 1Q 2025). Revenue: JP¥89.3b (up 5.2% from 1Q 2025). Net income: JP¥4.63b (down 4.8% from 1Q 2025). Profit margin: 5.2% (down from 5.7% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Logistics industry in Japan. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Jul 09
Final dividend of JP¥55.00 announced Shareholders will receive a dividend of JP¥55.00. Ex-date: 29th September 2025 Payment date: 2nd December 2025 Dividend yield will be 3.8%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (24% earnings payout ratio) and cash flows (43% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 15% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jun 27
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: JP¥265 (up from JP¥214 in FY 2024). Revenue: JP¥345.0b (up 9.5% from FY 2024). Net income: JP¥14.1b (up 24% from FY 2024). Profit margin: 4.1% (up from 3.6% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 13%. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Logistics 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 increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 10
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: JP¥265 (up from JP¥214 in FY 2024). Revenue: JP¥345.0b (up 9.5% from FY 2024). Net income: JP¥14.1b (up 24% from FY 2024). Profit margin: 4.1% (up from 3.6% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 13%. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Logistics 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 increased by 35% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 09
Konoike Transport Co.,Ltd., Annual General Meeting, Jun 24, 2025 Konoike Transport Co.,Ltd., Annual General Meeting, Jun 24, 2025. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥61.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 24 June 2025. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.9%). Reported Earnings • Feb 16
Third quarter 2025 earnings: Revenues and EPS in line with analyst expectations Third quarter 2025 results: EPS: JP¥76.84 (up from JP¥57.07 in 3Q 2024). Revenue: JP¥88.7b (up 11% from 3Q 2024). Net income: JP¥4.08b (up 35% from 3Q 2024). Profit margin: 4.6% (up from 3.8% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Logistics 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 increased by 37% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 11
Japanese Investors May Acquire Majority Stake in Pratham The Japanese consortium of Osaka Gas Co., Ltd. (TSE:9532), Sumitomo Corporation (TSE:8053), Japan Bank for International Cooperation (JBIC) and Konoike Transport Co.,Ltd. (TSE:9025) is planning to double its stake in city gas distribution company AG&P Pratham ahead of its IPO planned next year, according to sources aware of the development. This will make the consortium a majority stakeholder in the I-Squared Capital-backed company, which was last year valued at $1.5 billion. Currently, infrastructure investor I-Squared Capital is the majority stakeholder with a 56% stake in AG&P Pratham. Osaka, Sumitomo, JBIC and Konoike Transport together hold 26%. The balance of 18% is with Singapore-based Atlantic Gulf & Pacific (AG&P) LNG, the sources added. “The Japanese consortium including Osaka Gas is very interested and willing to increase their stake in AG&P Pratham. I-Squared Capital will dilute their stake for the Japanese consortium to increase the stake,” said an official aware of the development, adding that AG&P is planning an IPO in the second half of 2026 and the stake dilution will take place before that. Last March, I-Squared Capital decided to merge the operations of its city gas distribution companies in India — AG&P Pratham and Think Gas Distribution. The combined entity is valued at around $1.5 billion. The merger is awaiting regulatory approvals. “The merged entity will operate for a year before filing for an IPO. The management is also planning to rename the company shortly,” said another source, adding that the company's new identity could be unveiled at the India Energy Week to be held in New Delhi next week. “After the regulatory approvals, AG&P Pratham will go for an IPO. I-Squared wants to dilute stake and the Japanese consortium plans to become a majority stake holder. If I-Squared Capital dilutes up to 20% stake and the Japanese consortium decides to pick it up, its shareholding could go up to 46%,” said the official aware of the development. In an emailed response, an Osaka Gas spokesperson said: “Neither our company nor the J-Consortium has made any decisions regarding additional investments or becoming a majority shareholder.” An AG&P Pratham spokesperson said: “At this time, we are unable to provide any comment regarding our future plans.” I-Squared Capital did not respond to an email seeking comment. Announcement • Jan 23
Konoike Transport Co.,Ltd. (TSE:9025) completed the acquisition of Ferro Scrap Nigam Limited from MSTC Limited (NSEI:MSTCLTD). Konoike Transport Co.,Ltd. (TSE:9025) agreed to acquire Ferro Scrap Nigam Limited from MSTC Limited (NSEI:MSTCLTD) for INR 3.2 billion on September 19, 2024. Shareholders of MSTC shareholders approved the deal. transaction has been approved by Alternative Mechanism, empowered by the Cabinet Committee on Economic Affairs. Ferro Scrap Nigam reported net worth of INR 4.5 billion, total assets of INR 7.7 billion, sales of INR 7.6 billion and net income of INR 1.1 billion for fiscal year ending March 2024. The transaction is expected to complete on January 15, 2025.
Konoike Transport Co.,Ltd. entered into an agreement for sale to acquire Ferro Scrap Nigam Limited from MSTC Limited on October 24, 2024. The transaction is expected to complete after 60 business days from the date of execution of share purchase agreement.
Konoike Transport Co.,Ltd. (TSE:9025) completed the acquisition of Ferro Scrap Nigam Limited from MSTC Limited (NSEI:MSTCLTD) on January 21, 2025. Price Target Changed • Dec 24
Price target increased by 16% to JP¥3,625 Up from JP¥3,125, the current price target is an average from 4 analysts. New target price is 19% above last closing price of JP¥3,035. Stock is up 61% over the past year. The company is forecast to post earnings per share of JP¥309 for next year compared to JP¥214 last year. Declared Dividend • Dec 03
First half dividend of JP¥61.00 announced Shareholders will receive a dividend of JP¥61.00. Ex-date: 28th March 2025 Payment date: 24th June 2025 Dividend yield will be 3.2%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (14% earnings payout ratio) and cash flows (38% cash payout ratio). The dividend has increased by an average of 20% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 2.8% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Price Target Changed • Dec 02
Price target increased by 12% to JP¥3,125 Up from JP¥2,788, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of JP¥3,000. Stock is up 55% over the past year. The company is forecast to post earnings per share of JP¥280 for next year compared to JP¥214 last year. Reported Earnings • Nov 13
Second quarter 2025 earnings: EPS exceeds analyst expectations Second quarter 2025 results: EPS: JP¥63.99 (up from JP¥54.89 in 2Q 2024). Revenue: JP¥86.0b (up 9.4% from 2Q 2024). Net income: JP¥3.40b (up 17% from 2Q 2024). Profit margin: 3.9% (up from 3.7% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.1%. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Logistics 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 increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Sep 21
Konoike Transport Co.,Ltd. (TSE:9025) agreed to acquire Ferro Scrap Nigam Limited from MSTC Limited (NSEI:MSTCLTD) for INR 3.2 billion. Konoike Transport Co.,Ltd. (TSE:9025) agreed to acquire Ferro Scrap Nigam Limited from MSTC Limited (NSEI:MSTCLTD) for INR 3.2 billion on December 22, 2021. Shareholders of MSTC shareholders approved the deal. transaction has been approved by Alternative Mechanism, empowered by the Cabinet Committee on Economic Affairs. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥35.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.8%). In line with average of industry peers (3.2%). Announcement • Aug 13
Konoike Transport Co.,Ltd. Provides Consolidated Earnings Guidance for the Six Months Ending September 30, 2024 and for the Full Year Ending March 31, 2025 Konoike Transport Co.,Ltd. provided consolidated earnings guidance for the Six months ending September 30, 2024 and for the full year ending March 31, 2025. For the Six months, the company expected Net sales of JPY 170,000 million, Operating profit of JPY 11,500 million, Profit attributable to owners of parent of JPY 9,300 million and Earnings per share of JPY 175.35.
For the Full year, the company expected Net sales of JPY 340,000 million, Operating profit of JPY 18,000 million, Profit attributable to owners of parent of JPY 12,000 million and Earnings per share of JPY 226.33. Reported Earnings • Aug 13
First quarter 2025 earnings released: EPS: JP¥119 (vs JP¥49.48 in 1Q 2024) First quarter 2025 results: EPS: JP¥119 (up from JP¥49.48 in 1Q 2024). Revenue: JP¥83.7b (up 8.8% from 1Q 2024). Net income: JP¥6.33b (up 141% from 1Q 2024). Profit margin: 7.6% (up from 3.4% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Logistics industry in Japan. Over the last 3 years on average, earnings per share has increased by 22% per year and the company’s share price has also increased by 22% per year. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥2,002, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 12x in the Logistics industry in Japan. Total returns to shareholders of 71% over the past three years. Declared Dividend • Jul 11
Final dividend of JP¥35.00 announced Shareholders will receive a dividend of JP¥35.00. Ex-date: 27th September 2024 Payment date: 2nd December 2024 Dividend yield will be 3.2%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (26% earnings payout ratio) and cash flows (39% cash payout ratio). The dividend has increased by an average of 25% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 20% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Board Change • Jul 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 1 highly experienced director. Audit & Supervisory Board Member Hiroaki Kobayashi was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Jun 28
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: JP¥214 (up from JP¥157 in FY 2023). Revenue: JP¥315.0b (up 1.0% from FY 2023). Net income: JP¥11.3b (up 37% from FY 2023). Profit margin: 3.6% (up from 2.7% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.3%. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Logistics industry in Japan. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 24% per year. Reported Earnings • May 12
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: JP¥214 (up from JP¥157 in FY 2023). Revenue: JP¥315.0b (up 1.0% from FY 2023). Net income: JP¥11.3b (up 37% from FY 2023). Profit margin: 3.6% (up from 2.7% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.3%. Revenue is forecast to grow 2.7% p.a. on average during the next 2 years, compared to a 3.9% growth forecast for the Logistics 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 increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 12
Konoike Transport Co.,Ltd., Annual General Meeting, Jun 21, 2024 Konoike Transport Co.,Ltd., Annual General Meeting, Jun 21, 2024. Major Estimate Revision • Apr 26
Consensus EPS estimates increase by 14% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from JP¥176 to JP¥201. Revenue forecast steady at JP¥313.8b. Net income forecast to grow 16% next year vs 16% growth forecast for Logistics industry in Japan. Consensus price target up from JP¥2,275 to JP¥2,500. Share price rose 2.4% to JP¥2,251 over the past week. Valuation Update With 7 Day Price Move • Mar 21
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥2,098, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 11x in the Logistics 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¥2,288 per share. Reported Earnings • Mar 17
Third quarter 2024 earnings released: EPS: JP¥57.07 (vs JP¥33.63 in 3Q 2023) Third quarter 2024 results: EPS: JP¥57.07 (up from JP¥33.63 in 3Q 2023). Revenue: JP¥80.3b (down 1.5% from 3Q 2023). Net income: JP¥3.03b (up 70% from 3Q 2023). Profit margin: 3.8% (up from 2.2% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Logistics industry in Japan. Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 20% per year. Announcement • Mar 03
Konoike Transport Co.,Ltd. to Report Q1, 2025 Results on Aug 09, 2024 Konoike Transport Co.,Ltd. announced that they will report Q1, 2025 results on Aug 09, 2024 Buy Or Sell Opportunity • Feb 15
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 12% to JP¥1,738. The fair value is estimated to be JP¥2,189, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.6% over the last 3 years. Earnings per share has grown by 26%. Revenue is forecast to grow by 5.7% in 2 years. Earnings are forecast to grow by 22% in the next 2 years. Announcement • Nov 15
Konoike Transport Co.,Ltd. Provides Consolidated Earnings Guidance for the Full Year Ending March 31, 2024 Konoike Transport Co.,Ltd. provided consolidated earnings guidance for the full year ending March 31, 2024. For the Full year, the company expected Net sales of JPY 311,000 million, Operating profit of JPY 14,300 million, Profit attributable to owners of parent of JPY 9,000 million and Earnings per share of JPY 169.80. Reported Earnings • Nov 11
Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2024 results: EPS: JP¥54.89 (up from JP¥51.08 in 2Q 2023). Revenue: JP¥78.6b (flat on 2Q 2023). Net income: JP¥2.91b (up 7.6% from 2Q 2023). Profit margin: 3.7% (up from 3.4% in 2Q 2023). Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) exceeded analyst estimates by 13%. Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Logistics industry in Japan. Over the last 3 years on average, earnings per share has increased by 26% 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 • Sep 21
Upcoming dividend of JP¥24.00 per share at 2.4% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 01 December 2023. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.3%). In line with average of industry peers (2.6%). Price Target Changed • Sep 04
Price target increased by 7.9% to JP¥2,050 Up from JP¥1,900, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of JP¥2,096. Stock is up 59% over the past year. The company is forecast to post earnings per share of JP¥156 for next year compared to JP¥157 last year. Reported Earnings • Aug 12
First quarter 2024 earnings: EPS exceeds analyst expectations First quarter 2024 results: EPS: JP¥49.48 (up from JP¥46.09 in 1Q 2023). Revenue: JP¥76.9b (flat on 1Q 2023). Net income: JP¥2.62b (up 7.5% from 1Q 2023). Profit margin: 3.4% (up from 3.2% in 1Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 26%. Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Logistics 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 only increased by 18% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 18
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: JP¥157 (up from JP¥151 in FY 2022). Revenue: JP¥311.8b (up 3.5% from FY 2022). Net income: JP¥8.30b (up 3.9% from FY 2022). Profit margin: 2.7% (in line with FY 2022). Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 47%. Revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Logistics 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 only increased by 13% per year, which means it is significantly lagging earnings growth. Announcement • May 14
Konoike Transport Co.,Ltd., Annual General Meeting, Jun 22, 2023 Konoike Transport Co.,Ltd., Annual General Meeting, Jun 22, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥24.00 per share at 2.5% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 26 June 2023. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (2.8%). Reported Earnings • Feb 12
Third quarter 2023 earnings: EPS and revenues exceed analyst expectations Third quarter 2023 results: EPS: JP¥33.63 (down from JP¥51.40 in 3Q 2022). Revenue: JP¥81.6b (up 4.8% from 3Q 2022). Net income: JP¥1.78b (down 35% from 3Q 2022). Profit margin: 2.2% (down from 3.5% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.3%. Earnings per share (EPS) also surpassed analyst estimates by 2.3%. Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Logistics 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 remained flat, which means it is significantly lagging earnings. Buying Opportunity • Jan 19
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 6.2%. The fair value is estimated to be JP¥1,858, 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 grown by 23%. For the next 3 years, revenue is forecast to grow by 1.8% per annum. Earnings is also forecast to grow by 11% per annum over the same time period. Buying Opportunity • Jan 05
Now 20% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be JP¥1,918, 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 grown by 23%. For the next 3 years, revenue is forecast to grow by 1.8% per annum. Earnings is also forecast to grow by 11% per annum over the same time period. Major Estimate Revision • Dec 12
Consensus EPS estimates increase by 12% The consensus outlook for earnings per share (EPS) in 2023 has improved. 2023 revenue forecast increased from JP¥305.2b to JP¥308.9b. EPS estimate increased from JP¥130 to JP¥146 per share. Net income forecast to shrink 9.6% next year vs 13% growth forecast for Logistics industry in Japan . Consensus price target up from JP¥1,763 to JP¥1,900. Share price rose 3.5% to JP¥1,581 over the past week. Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: JP¥51.08 (vs JP¥31.40 in 2Q 2022) Second quarter 2023 results: EPS: JP¥51.08 (up from JP¥31.40 in 2Q 2022). Revenue: JP¥79.1b (up 7.6% from 2Q 2022). Net income: JP¥2.71b (up 63% from 2Q 2022). Profit margin: 3.4% (up from 2.3% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Logistics 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 fallen by 3% per year, which means it is significantly lagging earnings.