Announcement • Jun 23
Fukuyama Transporting Co., Ltd. to Report Q1, 2027 Results on Aug 06, 2026 Fukuyama Transporting Co., Ltd. announced that they will report Q1, 2027 results on Aug 06, 2026 Price Target Changed • Jun 18
Price target increased by 16% to JP¥5,723 Up from JP¥4,948, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of JP¥6,010. Stock is up 82% over the past year. The company is forecast to post earnings per share of JP¥470 for next year compared to JP¥369 last year. Live News • May 15
Fukuyama Transporting Extends Defense Plan to 2029 With Higher Profits and Dividend Outlook Fukuyama Transporting plans to extend its takeover defense plan through 2029, subject to shareholder approval, with auditors supporting the move.
The company frames the defense plan as a way to secure time and information for shareholders and to negotiate constructively with any potential acquirers.
Fukuyama Transporting reported stronger revenue and sharply higher profits in FY2026, supporting a higher annual dividend and guiding to further profit growth and a dividend increase in FY2027.
The combination of an extended takeover defense plan and improving earnings with a rising dividend indicates that management is prioritising both continuity of control and direct cash returns to shareholders.
It may be useful to monitor how shareholders respond to the defense extension at upcoming meetings and whether future profit and dividend outcomes align with the current outlook. Announcement • May 14
Fukuyama Transporting Co., Ltd., Annual General Meeting, Jun 25, 2026 Fukuyama Transporting Co., Ltd., Annual General Meeting, Jun 25, 2026. Announcement • May 09
Fukuyama Transporting Co., Ltd. to Report Fiscal Year 2026 Results on May 14, 2026 Fukuyama Transporting Co., Ltd. announced that they will report fiscal year 2026 results on May 14, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥38.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 02 June 2026. Payout ratio is a comfortable 21% but the company is paying out more than the cash it is generating. Trailing yield: 1.4%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (1.9%). Major Estimate Revision • Feb 17
Consensus EPS estimates increase by 10% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from JP¥310 to JP¥342. Revenue forecast steady at JP¥314.6b. Net income forecast to shrink 6.6% next year vs 1.8% growth forecast for Transportation industry in Japan . Consensus price target up from JP¥3,690 to JP¥4,320. Share price rose 11% to JP¥5,280 over the past week. Price Target Changed • Feb 11
Price target increased by 17% to JP¥4,320 Up from JP¥3,690, the current price target is an average from 4 analysts. New target price is 9.1% below last closing price of JP¥4,755. Stock is up 30% over the past year. The company is forecast to post earnings per share of JP¥342 for next year compared to JP¥218 last year. Reported Earnings • Feb 11
Third quarter 2026 earnings released: EPS: JP¥303 (vs JP¥105 in 3Q 2025) Third quarter 2026 results: EPS: JP¥303 (up from JP¥105 in 3Q 2025). Revenue: JP¥85.9b (up 4.8% from 3Q 2025). Net income: JP¥11.2b (up 167% from 3Q 2025). Profit margin: 13% (up from 5.1% in 3Q 2025). Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Transportation industry in Japan. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Announcement • Feb 10
Fukuyama Transporting Co., Ltd. (TSE:9075) announces an Equity Buyback for 1,000,000 shares, representing 2.72% for ¥6,000 million. Fukuyama Transporting Co., Ltd. (TSE:9075) announces an share repurchase program. Under the program, the company will repurchase 1,000,000 shares, representing 2.72% of its issued share capital, for ¥6,000 million. The purpose of the program is to improve capital efficiency and return to shareholders by implementing a flexible capital policy in response to changes in the corporate environment. Repurchased shares will be cancelled. The program is valid till June 30, 2026. As of January 31, 2026, the company had 36,796,974 shares in issue (excluding treasury stock) and 3,973,389 shares in treasury. Announcement • Dec 16
Fukuyama Transporting Co., Ltd. to Report Q3, 2026 Results on Feb 10, 2026 Fukuyama Transporting Co., Ltd. announced that they will report Q3, 2026 results on Feb 10, 2026 Declared Dividend • Dec 03
First half dividend of JP¥38.00 announced Shareholders will receive a dividend of JP¥38.00. Ex-date: 30th March 2026 Payment date: 2nd June 2026 Dividend yield will be 1.9%, which is higher than the industry average of 1.3%. Sustainability & Growth Dividend is covered by earnings (21% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 4.3% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 48% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 13
Second quarter 2026 earnings released: EPS: JP¥8.73 (vs JP¥45.79 in 2Q 2025) Second quarter 2026 results: EPS: JP¥8.73 (down from JP¥45.79 in 2Q 2025). Revenue: JP¥76.1b (up 4.2% from 2Q 2025). Net income: JP¥323.0m (down 83% from 2Q 2025). Profit margin: 0.4% (down from 2.5% in 2Q 2025). Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Transportation industry in Japan. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Announcement • Sep 19
Fukuyama Transporting Co., Ltd. to Report Q2, 2026 Results on Nov 11, 2025 Fukuyama Transporting Co., Ltd. announced that they will report Q2, 2026 results on Nov 11, 2025 Reported Earnings • Aug 09
First quarter 2026 earnings released: EPS: JP¥71.11 (vs JP¥89.18 in 1Q 2025) First quarter 2026 results: EPS: JP¥71.11 (down from JP¥89.18 in 1Q 2025). Revenue: JP¥77.5b (up 5.0% from 1Q 2025). Net income: JP¥2.72b (down 25% from 1Q 2025). Profit margin: 3.5% (down from 4.9% in 1Q 2025). Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Transportation industry in Japan. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Declared Dividend • Jul 09
Final dividend of JP¥38.00 announced Shareholders will receive a dividend of JP¥38.00. Ex-date: 29th September 2025 Payment date: 3rd December 2025 Dividend yield will be 2.1%, which is higher than the industry average of 1.3%. Sustainability & Growth Dividend is covered by earnings (28% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 4.3% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 20% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 27
Fukuyama Transporting Co., Ltd. to Report Q1, 2026 Results on Aug 08, 2025 Fukuyama Transporting Co., Ltd. announced that they will report Q1, 2026 results on Aug 08, 2025 Reported Earnings • Jun 27
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: JP¥218 (up from JP¥194 in FY 2024). Revenue: JP¥302.5b (up 5.2% from FY 2024). Net income: JP¥8.75b (up 12% from FY 2024). Profit margin: 2.9% (up from 2.7% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 9.6%. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Transportation industry in Japan. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Reported Earnings • May 15
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: JP¥218 (up from JP¥194 in FY 2024). Revenue: JP¥302.5b (up 5.2% from FY 2024). Net income: JP¥8.75b (up 12% from FY 2024). Profit margin: 2.9% (up from 2.7% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 9.6%. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Transportation industry in Japan. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Major Estimate Revision • May 14
Consensus EPS estimates increase by 15% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from JP¥253 to JP¥290. Revenue forecast steady at JP¥312.0b. Net income forecast to grow 1.9% next year vs 3.2% growth forecast for Transportation industry in Japan. Consensus price target up from JP¥3,485 to JP¥3,590. Share price fell 5.1% to JP¥3,420 over the past week. Announcement • May 13
Fukuyama Transporting Co., Ltd., Annual General Meeting, Jun 24, 2025 Fukuyama Transporting Co., Ltd., Annual General Meeting, Jun 24, 2025. Announcement • Apr 09
Fukuyama Transporting Co., Ltd. (TSE:9075) agreed to acquire 60% stake in Renown Transport Co.,ltd. Fukuyama Transporting Co., Ltd. (TSE:9075) agreed to acquire 60% stake in Renown Transport Co.,ltd. on March 22, 2025.
For the financial year 2024 Renown Transport Co.,ltd. reported total revenue of ¥5.11 billion. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥35.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 03 June 2025. Payout ratio is a comfortable 28% but the company is not cash flow positive. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (1.7%). Announcement • Mar 18
Fukuyama Transporting Co., Ltd. to Report Fiscal Year 2025 Results on May 13, 2025 Fukuyama Transporting Co., Ltd. announced that they will report fiscal year 2025 results on May 13, 2025 New Risk • Feb 15
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 56% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Reported Earnings • Feb 15
Third quarter 2025 earnings released: EPS: JP¥105 (vs JP¥75.68 in 3Q 2024) Third quarter 2025 results: EPS: JP¥105 (up from JP¥75.68 in 3Q 2024). Revenue: JP¥82.0b (up 6.5% from 3Q 2024). Net income: JP¥4.19b (up 37% from 3Q 2024). Profit margin: 5.1% (up from 4.0% in 3Q 2024). Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Transportation industry in Japan. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Announcement • Dec 10
Fukuyama Transporting Co., Ltd. to Report Q3, 2025 Results on Feb 13, 2025 Fukuyama Transporting Co., Ltd. announced that they will report Q3, 2025 results on Feb 13, 2025 Declared Dividend • Dec 04
First half dividend of JP¥35.00 announced Shareholders will receive a dividend of JP¥35.00. Ex-date: 28th March 2025 Payment date: 3rd June 2025 Dividend yield will be 1.9%, which is higher than the industry average of 1.3%. Sustainability & Growth Dividend is covered by earnings (16% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 3.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 47% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 15
Second quarter 2025 earnings released: EPS: JP¥45.79 (vs JP¥24.78 in 2Q 2024) Second quarter 2025 results: EPS: JP¥45.79 (up from JP¥24.78 in 2Q 2024). Revenue: JP¥73.1b (up 5.1% from 2Q 2024). Net income: JP¥1.85b (up 84% from 2Q 2024). Profit margin: 2.5% (up from 1.4% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Transportation industry in Japan. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. 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: 04 December 2024. Payout ratio is a comfortable 35% but the company is not cash flow positive. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.6%). Announcement • Sep 06
Fukuyama Transporting Co., Ltd. to Report Q2, 2025 Results on Nov 12, 2024 Fukuyama Transporting Co., Ltd. announced that they will report Q2, 2025 results on Nov 12, 2024 Announcement • Aug 10
Fukuyama Transporting Co., Ltd. (TSE:9075) announces an Equity Buyback for 950,000 shares, representing 2.35% for ¥3,000 million. Fukuyama Transporting Co., Ltd. (TSE:9075) announces an share repurchase program. Under the program, the company will repurchase 950,000 shares, representing 2.35% of its issued share capital, for ¥3,000 million. The is based on the basic policy of promoting management that takes into account capital costs and stock prices. the program is valid till February 28, 2025. As of July 31, 2024, the company had 40,481,184 shares in issue (excluding treasury stock) and 289,179 shares in treasury. 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: 4th December 2024 Dividend yield will be 1.9%, which is higher than the industry average of 1.3%. Sustainability & Growth Dividend is covered by earnings (30% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 3.4% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 53% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 29
Fukuyama Transporting Co., Ltd. to Report Q1, 2025 Results on Aug 08, 2024 Fukuyama Transporting Co., Ltd. announced that they will report Q1, 2025 results on Aug 08, 2024 Reported Earnings • Jun 28
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: JP¥194 (down from JP¥514 in FY 2023). Revenue: JP¥287.6b (down 2.0% from FY 2023). Net income: JP¥7.83b (down 62% from FY 2023). Profit margin: 2.7% (down from 7.1% in FY 2023). The decrease in margin was primarily driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 16%. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Transportation industry in Japan. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 2% per year. Major Estimate Revision • May 22
Consensus EPS estimates fall by 12% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from JP¥298 to JP¥262 per share. Revenue forecast steady at JP¥296.3b. Net income forecast to grow 35% next year vs 3.5% growth forecast for Transportation industry in Japan. Consensus price target up from JP¥3,813 to JP¥3,906. Share price was steady at JP¥3,825 over the past week. Reported Earnings • May 18
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: JP¥194 (down from JP¥514 in FY 2023). Revenue: JP¥287.6b (down 2.0% from FY 2023). Net income: JP¥7.83b (down 62% from FY 2023). Profit margin: 2.7% (down from 7.1% in FY 2023). The decrease in margin was primarily driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 16%. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Transportation industry in Japan. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 4% per year. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 03 June 2024. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.2%). Announcement • Mar 17
Fukuyama Transporting Co., Ltd. to Report Fiscal Year 2023 Results on May 15, 2024 Fukuyama Transporting Co., Ltd. announced that they will report fiscal year 2023 results on May 15, 2024 Buy Or Sell Opportunity • Mar 15
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.1% to JP¥3,725. The fair value is estimated to be JP¥4,822, 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 9.6%. Revenue is forecast to grow by 4.5% in 2 years. Earnings are forecast to grow by 38% in the next 2 years. Major Estimate Revision • Mar 01
Consensus EPS estimates fall by 19% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from JP¥290.5b to JP¥286.9b. EPS estimate also fell from JP¥294 per share to JP¥239 per share. Net income forecast to grow 22% next year vs 7.7% growth forecast for Transportation industry in Japan. Consensus price target of JP¥3,890 unchanged from last update. Share price fell 2.8% to JP¥4,060 over the past week. Announcement • Feb 13
Fukuyama Transporting Co., Ltd. Provides Dividend Guidance for the Year Ending March 31, 2024 Fukuyama Transporting Co., Ltd. provided dividend guidance for the year ending March 31, 2024. For the year, the company expected to pay the dividend of JPY 40.00 per share against JPY 35.00 per share a year ago. New Risk • Feb 10
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.2% Last year net profit margin: 7.5% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. This is currently the only risk that has been identified for the company. Reported Earnings • Feb 10
Third quarter 2024 earnings released: EPS: JP¥75.67 (vs JP¥268 in 3Q 2023) Third quarter 2024 results: EPS: JP¥75.67 (down from JP¥268 in 3Q 2023). Revenue: JP¥77.0b (down 1.2% from 3Q 2023). Net income: JP¥3.06b (down 72% from 3Q 2023). Profit margin: 4.0% (down from 14% in 3Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Transportation 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 fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Dec 15
Fukuyama Transporting Co., Ltd. to Report Q3, 2024 Results on Feb 08, 2024 Fukuyama Transporting Co., Ltd. announced that they will report Q3, 2024 results on Feb 08, 2024 Reported Earnings • Nov 09
Second quarter 2024 earnings released: EPS: JP¥24.78 (vs JP¥77.04 in 2Q 2023) Second quarter 2024 results: EPS: JP¥24.78 (down from JP¥77.04 in 2Q 2023). Revenue: JP¥69.5b (down 3.6% from 2Q 2023). Net income: JP¥1.00b (down 68% from 2Q 2023). Profit margin: 1.4% (down from 4.3% in 2Q 2023). Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Transportation industry in Japan. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Buying Opportunity • Nov 09
Now 26% undervalued after recent price drop Over the last 90 days, the stock is down 6.9%. The fair value is estimated to be JP¥4,849, 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 24%. Revenue is forecast to grow by 3.8% in 2 years. Earnings is forecast to decline by 25% in the next 2 years. Buying Opportunity • Oct 13
Now 21% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be JP¥4,889, 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 24%. Revenue is forecast to grow by 4.6% in 2 years. Earnings is forecast to decline by 20% in the next 2 years. Buying Opportunity • Sep 28
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 2.8%. The fair value is estimated to be JP¥4,955, 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 24%. Revenue is forecast to grow by 4.6% in 2 years. Earnings is forecast to decline by 20% in the next 2 years. Announcement • Sep 27
Fukuyama Transporting Co., Ltd. to Report Q2, 2024 Results on Nov 08, 2023 Fukuyama Transporting Co., Ltd. announced that they will report Q2, 2024 results on Nov 08, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of JP¥35.00 per share at 1.9% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 04 December 2023. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.2%). Announcement • Aug 22
Fukuyama Transporting Co., Ltd. Provides Forecast of Consolidated Financial Results for the Six Months Ending September 30, 2023 and for the Full Year Ending March 31, 2024 Fukuyama Transporting Co., Ltd. provided Forecast of consolidated financial results for the Six months ending September 30, 2023 and for the full year ending March 31, 2024. For the Six months, the company expected net sales of JPY 143,500 million, Operating profit of JPY 8,600 million, Profit attributable to owners of parent of JPY 6,100 million and Earnings per share of JPY 151.32.For the full year, the company expected net sales of JPY 295,600 million, Operating profit of JPY 19,300 million, Profit attributable to owners of parent of JPY 13,900 million and Earnings per share of JPY 343.68. Announcement • Aug 21
Fukuyama Transporting Co., Ltd. Provides Dividend Forecast for the Second Quarter and Fiscal Year-End for the Year Ending March 31, 2024 Fukuyama Transporting Co., Ltd. provided dividend forecast of JPY 35.00 for the second quarter and Fiscal year-end for the Year ending March 31, 2024. Reported Earnings • Aug 12
First quarter 2024 earnings released: EPS: JP¥83.54 (vs JP¥122 in 1Q 2023) First quarter 2024 results: EPS: JP¥83.54 (down from JP¥122 in 1Q 2023). Revenue: JP¥71.7b (down 2.0% from 1Q 2023). Net income: JP¥3.38b (down 32% from 1Q 2023). Profit margin: 4.7% (down from 6.7% in 1Q 2023). Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Transportation industry in Japan. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. 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. 7 experienced directors. 5 highly experienced directors. Independent Outside Director Yoshinori Yoshida was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Jun 17
Fukuyama Transporting Co., Ltd. to Report Q1, 2024 Results on Aug 10, 2023 Fukuyama Transporting Co., Ltd. announced that they will report Q1, 2024 results on Aug 10, 2023 Announcement • May 17
Fukuyama Transporting Co., Ltd., Annual General Meeting, Jun 23, 2023 Fukuyama Transporting Co., Ltd., Annual General Meeting, Jun 23, 2023. Reported Earnings • May 17
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2023 results: EPS: JP¥514 (up from JP¥395 in FY 2022). Revenue: JP¥293.4b (flat on FY 2022). Net income: JP¥20.8b (up 24% from FY 2022). Profit margin: 7.1% (up from 5.8% in FY 2022). Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) exceeded analyst estimates by 16%. Revenue is forecast to grow 2.5% p.a. on average during the next 2 years, compared to a 3.2% growth forecast for the Transportation 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 1% per year, which means it is significantly lagging earnings growth. Buying Opportunity • May 16
Now 23% undervalued Over the last 90 days, the stock is up 4.3%. The fair value is estimated to be JP¥4,558, 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 24%. Revenue is forecast to grow by 4.1% in 2 years. Earnings is forecast to decline by 31% in the next 2 years. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥35.00 per share at 2.0% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 01 June 2023. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.1%). Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: JP¥268 (vs JP¥147 in 3Q 2022) Third quarter 2023 results: EPS: JP¥268 (up from JP¥147 in 3Q 2022). Revenue: JP¥78.0b (flat on 3Q 2022). Net income: JP¥10.8b (up 80% from 3Q 2022). Profit margin: 14% (up from 7.7% in 3Q 2022). Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Transportation industry in Japan. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Major Estimate Revision • Feb 10
Consensus EPS estimates increase by 13% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from JP¥462 to JP¥521. Revenue forecast steady at JP¥296.1b. Net income forecast to grow 6.7% next year vs 14% growth forecast for Transportation industry in Japan. Consensus price target of JP¥4,173 unchanged from last update. Share price rose 3.8% to JP¥3,410 over the past week.