Reported Earnings • May 13
Full year 2026 earnings: EPS and revenues exceed analyst expectations Full year 2026 results: EPS: JP¥145 (up from JP¥120 in FY 2025). Revenue: JP¥155.5b (up 6.0% from FY 2025). Net income: JP¥10.7b (up 20% from FY 2025). Profit margin: 6.9% (up from 6.1% in FY 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Revenue is forecast to grow 3.6% p.a. on average during the next 2 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 12% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 12
Hamakyorex Co., Ltd., Annual General Meeting, Jun 17, 2026 Hamakyorex Co., Ltd., Annual General Meeting, Jun 17, 2026. Announcement • May 10
Hamakyorex Co., Ltd. to Report Fiscal Year 2026 Results on May 12, 2026 Hamakyorex Co., Ltd. announced that they will report fiscal year 2026 results on May 12, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 19 June 2026. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (2.8%). Reported Earnings • Feb 03
Third quarter 2026 earnings released: EPS: JP¥37.93 (vs JP¥35.07 in 3Q 2025) Third quarter 2026 results: EPS: JP¥37.93 (up from JP¥35.07 in 3Q 2025). Revenue: JP¥40.7b (up 4.8% from 3Q 2025). Net income: JP¥2.81b (up 8.2% from 3Q 2025). Profit margin: 6.9% (up from 6.7% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.3% 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 11% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Jan 26
Now 21% undervalued Over the last 90 days, the stock has risen 16% to JP¥1,852. The fair value is estimated to be JP¥2,334, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.4% over the last 3 years. Earnings per share has grown by 10%. Revenue is forecast to grow by 9.4% in 2 years. Earnings are forecast to grow by 12% in the next 2 years. Announcement • Dec 02
Hamakyorex Co., Ltd. to Report Q3, 2026 Results on Feb 02, 2026 Hamakyorex Co., Ltd. announced that they will report Q3, 2026 results on Feb 02, 2026 Declared Dividend • Dec 02
First half dividend of JP¥20.00 announced Shareholders will receive a dividend of JP¥20.00. Ex-date: 30th March 2026 Payment date: 19th June 2026 Dividend yield will be 2.3%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (29% earnings payout ratio) and cash flows (50% cash payout ratio). The dividend has increased by an average of 22% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 18% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Oct 31
Second quarter 2026 earnings released: EPS: JP¥31.64 (vs JP¥28.64 in 2Q 2025) Second quarter 2026 results: EPS: JP¥31.64 (up from JP¥28.64 in 2Q 2025). Revenue: JP¥38.0b (up 4.3% from 2Q 2025). Net income: JP¥2.34b (up 9.8% from 2Q 2025). Profit margin: 6.2% (up from 5.8% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.6% 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 10% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥18.75 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 02 December 2025. Payout ratio is a comfortable 28% but the company is paying out more than the cash it is generating. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (2.6%). Announcement • Sep 01
Hamakyorex Co., Ltd. to Report Q2, 2026 Results on Oct 30, 2025 Hamakyorex Co., Ltd. announced that they will report Q2, 2026 results on Oct 30, 2025 Reported Earnings • Jul 31
First quarter 2026 earnings released: EPS: JP¥33.63 (vs JP¥28.71 in 1Q 2025) First quarter 2026 results: EPS: JP¥33.63 (up from JP¥28.71 in 1Q 2025). Revenue: JP¥37.4b (up 4.6% from 1Q 2025). Net income: JP¥2.49b (up 16% from 1Q 2025). Profit margin: 6.7% (up from 6.0% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.6% 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 9% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Jul 09
Final dividend of JP¥18.75 announced Shareholders will receive a dividend of JP¥18.75. Ex-date: 29th September 2025 Payment date: 2nd December 2025 Dividend yield will be 2.7%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (27% earnings payout ratio) but not covered by cash flows (166% cash payout ratio). The dividend has increased by an average of 22% 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. Reported Earnings • Jun 21
Full year 2025 earnings: Revenues and EPS in line with analyst expectations Full year 2025 results: EPS: JP¥120 (up from JP¥111 in FY 2024). Revenue: JP¥146.7b (up 4.3% from FY 2024). Net income: JP¥8.93b (up 7.5% from FY 2024). Profit margin: 6.1% (up from 5.9% in FY 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 4.6% 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 9% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Jun 17
Now 20% undervalued The stock has been flat over the last 90 days, currently trading at JP¥1,335. The fair value is estimated to be JP¥1,677, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.7% over the last 3 years. Earnings per share has grown by 8.8%. For the next 3 years, revenue is forecast to grow by 4.6% per annum. Earnings are also forecast to grow by 5.7% per annum over the same time period. Announcement • Jun 03
Hamakyorex Co., Ltd. to Report Q1, 2026 Results on Jul 30, 2025 Hamakyorex Co., Ltd. announced that they will report Q1, 2026 results on Jul 30, 2025 Reported Earnings • May 10
Full year 2025 earnings: Revenues and EPS in line with analyst expectations Full year 2025 results: EPS: JP¥120 (up from JP¥111 in FY 2024). Revenue: JP¥146.7b (up 4.3% from FY 2024). Net income: JP¥8.93b (up 7.5% from FY 2024). Profit margin: 6.1% (up from 5.9% in FY 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 4.8% p.a. on average during the next 2 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 9% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 09
Hamakyorex Co., Ltd., Annual General Meeting, Jun 18, 2025 Hamakyorex Co., Ltd., Annual General Meeting, Jun 18, 2025. Announcement • Mar 29
Hamakyorex Co., Ltd. to Report Fiscal Year 2025 Results on May 09, 2025 Hamakyorex Co., Ltd. announced that they will report fiscal year 2025 results on May 09, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥18.75 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 19 June 2025. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (2.9%). Reported Earnings • Feb 01
Third quarter 2025 earnings released: EPS: JP¥35.07 (vs JP¥31.96 in 3Q 2024) Third quarter 2025 results: EPS: JP¥35.07 (up from JP¥31.96 in 3Q 2024). Revenue: JP¥38.8b (up 2.9% from 3Q 2024). Net income: JP¥2.60b (up 8.3% from 3Q 2024). Profit margin: 6.7% (up from 6.4% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.6% 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 9% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Dec 03
First half dividend of JP¥18.75 announced Shareholders will receive a dividend of JP¥18.75. Ex-date: 28th March 2025 Payment date: 19th June 2025 Dividend yield will be 6.4%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by both earnings (28% earnings payout ratio) and cash flows (74% cash payout ratio). The dividend has increased by an average of 22% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 18% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Nov 21
Hamakyorex Co., Ltd. to Report Q3, 2025 Results on Jan 31, 2025 Hamakyorex Co., Ltd. announced that they will report Q3, 2025 results on Jan 31, 2025 Reported Earnings • Oct 31
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: JP¥36.5b (up 6.4% from 2Q 2024). Net income: JP¥2.13b (up 16% from 2Q 2024). Profit margin: 5.8% (up from 5.4% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Logistics industry in Japan. Announcement • Oct 16
Hamakyorex Co., Ltd. (TSE:9037) announces an Equity Buyback for 200,000 shares, representing 0.27% for ¥253 million. Hamakyorex Co., Ltd. (TSE:9037) announces a share repurchase program. Under the program, the company will repurchase up to 200,000 shares, representing 0.27% of its total shares outstanding excluding treasury shares, for a total of ¥253 million. The shares will be repurchased at ¥1,265 per share. The purpose of repurchase program is to enable the implementation of flexible capital policies in response to changes in the business environment. As of September 30, 2024, the company had 74,151,004 shares outstanding excluding treasury shares and had 1,896,996 shares in treasury. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥65.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (3.2%). Announcement • Aug 09
Hamakyorex Co., Ltd. to Report Q2, 2025 Results on Oct 29, 2024 Hamakyorex Co., Ltd. announced that they will report Q2, 2025 results on Oct 29, 2024 Reported Earnings • Jul 31
First quarter 2025 earnings released: EPS: JP¥115 (vs JP¥102 in 1Q 2024) First quarter 2025 results: EPS: JP¥115 (up from JP¥102 in 1Q 2024). Revenue: JP¥35.7b (up 8.0% from 1Q 2024). Net income: JP¥2.15b (up 13% from 1Q 2024). Profit margin: 6.0% (up from 5.8% in 1Q 2024). 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 3.9% growth forecast for the Logistics industry in Japan. 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 15% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Jul 11
Final dividend of JP¥65.00 announced Shareholders will receive a dividend of JP¥65.00. Ex-date: 27th September 2024 Payment date: 2nd December 2024 Dividend yield will be 2.8%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (27% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 16% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 28
Hamakyorex Co., Ltd. to Report Q1, 2025 Results on Jul 29, 2024 Hamakyorex Co., Ltd. announced that they will report Q1, 2025 results on Jul 29, 2024 Reported Earnings • Jun 21
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: JP¥443 (up from JP¥394 in FY 2023). Revenue: JP¥140.6b (up 6.6% from FY 2023). Net income: JP¥8.31b (up 12% from FY 2023). Profit margin: 5.9% (up from 5.6% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 7.1%. Revenue is forecast to grow 3.0% p.a. on average during the next 2 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 7% per year whereas the company’s share price has increased by 10% per year. Reported Earnings • May 23
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: JP¥443 (up from JP¥394 in FY 2023). Revenue: JP¥140.6b (up 6.6% from FY 2023). Net income: JP¥8.31b (up 12% from FY 2023). Profit margin: 5.9% (up from 5.6% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 7.1%. Revenue is forecast to grow 3.0% p.a. on average during the next 2 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 7% per year whereas the company’s share price has increased by 10% per year. Announcement • May 22
Hamakyorex Co., Ltd., Annual General Meeting, Jun 18, 2024 Hamakyorex Co., Ltd., Annual General Meeting, Jun 18, 2024. Announcement • May 21
Hamakyorex Co., Ltd. (TSE:9037) announces an Equity Buyback for 220,000 shares, representing 1.17% for ¥1,000 million. Hamakyorex Co., Ltd. (TSE:9037) announces a share repurchase program. Under the program, the company will repurchase up to 220,000 shares, representing 1.17% of its total shares outstanding excluding treasury shares, for a total of ¥1,000 million. The purpose of repurchase program is to enable the implementation of flexible capital policies in response to changes in the business environment. The repurchase program is valid till April 30, 2025. As of March 31, 2024, the company had 18,757,098 shares outstanding excluding treasury shares and had 254,902 shares in treasury. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥55.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 17 June 2024. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.2%). In line with average of industry peers (2.9%). Announcement • Mar 20
Hamakyorex Co., Ltd. to Report Fiscal Year 2024 Results on May 09, 2024 Hamakyorex Co., Ltd. announced that they will report fiscal year 2024 results on May 09, 2024 Reported Earnings • Feb 02
Third quarter 2024 earnings released: EPS: JP¥132 (vs JP¥114 in 3Q 2023) Third quarter 2024 results: EPS: JP¥132 (up from JP¥114 in 3Q 2023). Revenue: JP¥37.7b (up 7.9% from 3Q 2023). Net income: JP¥2.47b (up 15% from 3Q 2023). Profit margin: 6.6% (up from 6.1% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Logistics 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 7% per year. Announcement • Dec 07
Hamakyorex Co., Ltd. to Report Q3, 2024 Results on Jan 30, 2024 Hamakyorex Co., Ltd. announced that they will report Q3, 2024 results on Jan 30, 2024 Reported Earnings • Oct 29
Second quarter 2024 earnings released: EPS: JP¥98.28 (vs JP¥90.81 in 2Q 2023) Second quarter 2024 results: EPS: JP¥98.28 (up from JP¥90.81 in 2Q 2023). Revenue: JP¥34.3b (up 5.7% from 2Q 2023). Net income: JP¥1.85b (up 8.1% from 2Q 2023). Profit margin: 5.4% (up from 5.3% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Logistics 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 8% per year. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥50.00 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 24% 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%). Announcement • Aug 27
Hamakyorex Co., Ltd. to Report Q2, 2024 Results on Oct 27, 2023 Hamakyorex Co., Ltd. announced that they will report Q2, 2024 results on Oct 27, 2023 Announcement • Aug 19
Hamakyorex Co., Ltd. (TSE:9037) announces an Equity Buyback for 50,000 shares, representing 0.27% for ¥203.5 million. Hamakyorex Co., Ltd. (TSE:9037) announces a share repurchase program. Under the program, the company will repurchase 50,000 shares, representing 0.27% of the outstanding shares for ¥203.5 million. The shares will be repurchased at a price of ¥4,070 per share. The purpose of the program is to enable flexible execution of capital policy in response to changes in the business environment. The program will expire on August 21, 2023. As of July 31, 2023, the company had 18,787,778 shares outstanding and 224,222 shares in treasury. Reported Earnings • Jul 28
First quarter 2024 earnings released: EPS: JP¥102 (vs JP¥104 in 1Q 2023) First quarter 2024 results: EPS: JP¥102 (down from JP¥104 in 1Q 2023). Revenue: JP¥33.1b (up 1.7% from 1Q 2023). Net income: JP¥1.91b (down 2.5% from 1Q 2023). Profit margin: 5.8% (down from 6.0% in 1Q 2023). 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 1.7% growth forecast for the Logistics industry in Japan. Over the last 3 years on average, earnings per share has increased by 7% per year and the company’s share price has also increased by 7% per year. Announcement • Jun 24
Hamakyorex Co., Ltd. to Report Q1, 2024 Results on Jul 27, 2023 Hamakyorex Co., Ltd. announced that they will report Q1, 2024 results on Jul 27, 2023 Reported Earnings • Jun 17
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: JP¥394 (up from JP¥379 in FY 2022). Revenue: JP¥131.9b (up 5.5% from FY 2022). Net income: JP¥7.40b (up 4.0% from FY 2022). Profit margin: 5.6% (down from 5.7% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.7%. Revenue is forecast to grow 3.7% 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 7% per year whereas the company’s share price has increased by 6% per year. Reported Earnings • May 14
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: JP¥394 (up from JP¥379 in FY 2022). Revenue: JP¥131.9b (up 5.5% from FY 2022). Net income: JP¥7.40b (up 4.0% from FY 2022). Profit margin: 5.6% (down from 5.7% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.7%. Revenue is forecast to grow 3.6% p.a. on average during the next 2 years, compared to a 1.2% growth forecast for the Logistics industry in Japan. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 6% per year. Announcement • May 13
Hamakyorex Co., Ltd., Annual General Meeting, Jun 14, 2023 Hamakyorex Co., Ltd., Annual General Meeting, Jun 14, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥45.00 per share at 2.9% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 15 June 2023. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (2.8%). Reported Earnings • Jan 31
Third quarter 2023 earnings released: EPS: JP¥114 (vs JP¥105 in 3Q 2022) Third quarter 2023 results: EPS: JP¥114 (up from JP¥105 in 3Q 2022). Revenue: JP¥34.9b (up 5.1% from 3Q 2022). Net income: JP¥2.14b (up 8.5% from 3Q 2022). Profit margin: 6.1% (up from 5.9% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Transportation industry in Japan. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: JP¥90.81 (vs JP¥84.58 in 2Q 2022) Second quarter 2023 results: EPS: JP¥90.81 (up from JP¥84.58 in 2Q 2022). Revenue: JP¥32.4b (up 5.7% from 2Q 2022). Net income: JP¥1.71b (up 7.4% from 2Q 2022). Profit margin: 5.3% (up from 5.2% in 2Q 2022). 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 4.4% growth forecast for the Transportation industry in Japan. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Outside Director Katada Sumiko was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Nov 11
Hamakyorex Co., Ltd. to Report Q3, 2023 Results on Jan 30, 2023 Hamakyorex Co., Ltd. announced that they will report Q3, 2023 results on Jan 30, 2023 Reported Earnings • Oct 30
Second quarter 2023 earnings released: EPS: JP¥90.81 (vs JP¥84.58 in 2Q 2022) Second quarter 2023 results: EPS: JP¥90.81 (up from JP¥84.58 in 2Q 2022). Revenue: JP¥32.4b (up 5.7% from 2Q 2022). Net income: JP¥1.71b (up 7.4% from 2Q 2022). Profit margin: 5.3% (up from 5.2% in 2Q 2022). 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 5.0% growth forecast for the Transportation industry in Japan. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Buying Opportunity • Sep 22
Now 20% undervalued Over the last 90 days, the stock is up 15%. The fair value is estimated to be JP¥4,016, 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 6.5%. Revenue is forecast to grow by 9.1% in 2 years. Earnings is forecast to grow by 6.3% in the next 2 years. Buying Opportunity • Sep 01
Now 21% undervalued Over the last 90 days, the stock is up 5.5%. The fair value is estimated to be JP¥3,960, 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 6.5%. Revenue is forecast to grow by 9.5% in 2 years. Earnings is forecast to grow by 6.8% in the next 2 years. Announcement • Aug 20
Hamakyorex Co., Ltd. to Report Q2, 2023 Results on Oct 28, 2022 Hamakyorex Co., Ltd. announced that they will report Q2, 2023 results on Oct 28, 2022 Reported Earnings • Jul 30
First quarter 2023 earnings released: EPS: JP¥104 (vs JP¥95.81 in 1Q 2022) First quarter 2023 results: EPS: JP¥104 (up from JP¥95.81 in 1Q 2022). Revenue: JP¥32.5b (up 6.3% from 1Q 2022). Net income: JP¥1.96b (up 8.8% from 1Q 2022). Profit margin: 6.0% (up from 5.9% in 1Q 2022). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 4.9%, compared to a 24% growth forecast for the industry in Japan. 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. Reported Earnings • Jun 20
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: JP¥379 (up from JP¥342 in FY 2021). Revenue: JP¥125.1b (up 5.2% from FY 2021). Net income: JP¥7.12b (up 11% from FY 2021). Profit margin: 5.7% (up from 5.4% 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 4.7%. Over the next year, revenue is forecast to grow 5.5%, compared to a 24% growth forecast for the industry in Japan. 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 9% per year, which means it is significantly lagging earnings. Announcement • Jun 11
Hamakyorex Co., Ltd. to Report Q1, 2023 Results on Jul 28, 2022 Hamakyorex Co., Ltd. announced that they will report Q1, 2023 results on Jul 28, 2022 Reported Earnings • May 13
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: JP¥379 (up from JP¥342 in FY 2021). Revenue: JP¥125.1b (up 5.2% from FY 2021). Net income: JP¥7.12b (up 11% from FY 2021). Profit margin: 5.7% (up from 5.4% 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 4.7%. Over the next year, revenue is forecast to grow 5.0%, compared to a 23% growth forecast for the industry in Japan. 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 8% per year, which means it is significantly lagging earnings. Announcement • May 13
Hamakyorex Co., Ltd., Annual General Meeting, Jun 14, 2022 Hamakyorex Co., Ltd., Annual General Meeting, Jun 14, 2022. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Outside Director Takeshi Mori was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 08
Hamakyorex Co., Ltd. to Report Fiscal Year 2022 Results on May 11, 2022 Hamakyorex Co., Ltd. announced that they will report fiscal year 2022 results on May 11, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 16 June 2022. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.3%). Reported Earnings • Jan 30
Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2022 results: EPS: JP¥105 (down from JP¥105 in 3Q 2021). Revenue: JP¥33.2b (up 4.6% from 3Q 2021). Net income: JP¥1.98b (flat on 3Q 2021). Profit margin: 5.9% (down from 6.2% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) exceeded analyst estimates by 1.9%. Over the next year, revenue is forecast to grow 4.7%, compared to a 18% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Price Target Changed • Nov 19
Price target decreased to JP¥3,200 Down from JP¥3,450, the current price target is an average from 2 analysts. New target price is 6.7% above last closing price of JP¥2,998. Stock is down 1.2% over the past year. The company is forecast to post earnings per share of JP¥365 for next year compared to JP¥342 last year. Reported Earnings • Oct 29
Second quarter 2022 earnings released: EPS JP¥84.58 (vs JP¥86.00 in 2Q 2021) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2022 results: Revenue: JP¥30.7b (up 5.6% from 2Q 2021). Net income: JP¥1.59b (down 1.7% from 2Q 2021). Profit margin: 5.2% (down from 5.6% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 01 December 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 • Aug 04
First quarter 2022 earnings released: EPS JP¥95.81 (vs JP¥81.48 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥30.6b (up 6.9% from 1Q 2021). Net income: JP¥1.80b (up 17% from 1Q 2021). Profit margin: 5.9% (up from 5.4% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 20
Full year 2021 earnings released: EPS JP¥342 (vs JP¥328 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥118.9b (down 2.9% from FY 2020). Net income: JP¥6.43b (up 3.1% from FY 2020). Profit margin: 5.4% (up from 5.1% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • May 14
Full year 2021 earnings released: EPS JP¥342 (vs JP¥328 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥118.9b (down 2.9% from FY 2020). Net income: JP¥6.43b (up 3.1% from FY 2020). Profit margin: 5.4% (up from 5.1% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 17 June 2021. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.1%). Is New 90 Day High Low • Mar 11
New 90-day high: JP¥3,410 The company is up 18% from its price of JP¥2,900 on 11 December 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Transportation industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥6,925 per share. Announcement • Mar 04
Hamakyorex Co., Ltd. to Report Fiscal Year 2021 Results on May 11, 2021 Hamakyorex Co., Ltd. announced that they will report fiscal year 2021 results on May 11, 2021 Announcement • Feb 19
Hamakyorex Co., Ltd. (TSE:9037) acquired Eishin Kyuso K.K./Maruko Logistics Ltd. from Isao Murakami, Shunichiro Murakami, Taeko Sugita and Katsuko Murakami. Hamakyorex Co., Ltd. (TSE:9037) signed a transfer agreement to acquire Eishin Kyuso K.K./Maruko Logistics Ltd. from Isao Murakami, Shunichiro Murakami, Taeko Sugita and Katsuko Murakami on February 18, 2021. As of September 30, 2021, Eishin and Maruko had networth of ¥117million and total assets of ¥245 million. Board of Directors of Hamakyorex approved the transaction. The impact of the Hamakyorex on his consolidated financial results for the fiscal year ending March 2021 will be minor.
Hamakyorex Co., Ltd. (TSE:9037) completed te acquisition of Eishin Kyuso K.K./Maruko Logistics Ltd. from Isao Murakami, Shunichiro Murakami, Taeko Sugita and Katsuko Murakami on February 18, 2021. Reported Earnings • Feb 03
Third quarter 2021 earnings released: EPS JP¥105 (vs JP¥92.61 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: JP¥31.8b (down 2.2% from 3Q 2020). Net income: JP¥1.98b (up 12% from 3Q 2020). Profit margin: 6.2% (up from 5.4% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Analyst Estimate Surprise Post Earnings • Feb 03
Earnings beat expectations, revenue disappoints Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) exceeded analyst estimates by 3.0%. Over the next year, revenue is forecast to grow 4.0%, compared to a 1.0% growth forecast for the Transportation industry in Japan. Is New 90 Day High Low • Feb 01
New 90-day high: JP¥3,190 The company is up 6.0% from its price of JP¥2,996 on 02 November 2020. The Japanese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Transportation industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥7,452 per share. Is New 90 Day High Low • Dec 07
New 90-day low: JP¥2,872 The company is down 15% from its price of JP¥3,365 on 08 September 2020. The Japanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Transportation industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥6,230 per share. Price Target Changed • Dec 01
Price target raised to JP¥3,400 Up from JP¥3,000, the current price target is an average from 2 analysts. The new target price is 16% above the current share price of JP¥2,938. As of last close, the stock is down 19% over the past year. Announcement • Aug 09
Hamakyorex Co., Ltd. to Report Q2, 2021 Results on Oct 28, 2020 Hamakyorex Co., Ltd. announced that they will report Q2, 2021 results on Oct 28, 2020