Reported Earnings • May 16
Full year 2026 earnings released: EPS: JP¥247 (vs JP¥182 in FY 2025) Full year 2026 results: EPS: JP¥247 (up from JP¥182 in FY 2025). Revenue: JP¥16.4b (down 1.2% from FY 2025). Net income: JP¥362.0m (up 36% from FY 2025). Profit margin: 2.2% (up from 1.6% in FY 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Announcement • May 13
Tradia Corporation, Annual General Meeting, Jun 26, 2026 Tradia Corporation, Annual General Meeting, Jun 26, 2026. Announcement • May 10
Tradia Corporation to Report Fiscal Year 2026 Results on May 13, 2026 Tradia Corporation announced that they will report fiscal year 2026 results on May 13, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥50.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 30 June 2026. Payout ratio is a comfortable 19% but the company is not cash flow positive. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.6%). Reported Earnings • Feb 16
Third quarter 2026 earnings released: EPS: JP¥62.06 (vs JP¥71.60 in 3Q 2025) Third quarter 2026 results: EPS: JP¥62.06 (down from JP¥71.60 in 3Q 2025). Revenue: JP¥4.31b (down 3.5% from 3Q 2025). Net income: JP¥91.0m (down 13% from 3Q 2025). Profit margin: 2.1% (down from 2.4% in 3Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Declared Dividend • Jan 08
Dividend of JP¥50.00 announced Dividend of JP¥50.00 is the same as last year. Ex-date: 30th March 2026 Payment date: 30th June 2026 Dividend yield will be 3.2%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by earnings (19% 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 remained flat since 10 years ago. However, payments have been volatile during that time. Earnings per share has grown by 78% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Jan 07
Tradia Corporation announces Annual dividend, payable on June 30, 2026 Tradia Corporation announced Annual dividend of JPY 50.0000 per share payable on June 30, 2026, ex-date on March 30, 2026 and record date on March 31, 2026. Announcement • Dec 09
Tradia Corporation to Report Q3, 2026 Results on Feb 13, 2026 Tradia Corporation announced that they will report Q3, 2026 results on Feb 13, 2026 Reported Earnings • Nov 15
Second quarter 2026 earnings released: EPS: JP¥46.38 (vs JP¥49.12 in 2Q 2025) Second quarter 2026 results: EPS: JP¥46.38 (down from JP¥49.12 in 2Q 2025). Revenue: JP¥4.16b (down 5.0% from 2Q 2025). Net income: JP¥68.0m (down 5.6% from 2Q 2025). Profit margin: 1.6% (in line with 2Q 2025). Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Announcement • Sep 27
Tradia Corporation to Report Q2, 2026 Results on Nov 12, 2025 Tradia Corporation announced that they will report Q2, 2026 results on Nov 12, 2025 Reported Earnings • Aug 15
First quarter 2026 earnings released: EPS: JP¥138 (vs JP¥51.15 in 1Q 2025) First quarter 2026 results: EPS: JP¥138 (up from JP¥51.15 in 1Q 2025). Revenue: JP¥4.07b (up 6.8% from 1Q 2025). Net income: JP¥203.0m (up 171% from 1Q 2025). Profit margin: 5.0% (up from 2.0% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Announcement • Jun 03
Tradia Corporation to Report Q1, 2026 Results on Aug 13, 2025 Tradia Corporation announced that they will report Q1, 2026 results on Aug 13, 2025 Reported Earnings • May 17
Full year 2025 earnings released: EPS: JP¥182 (vs JP¥223 in FY 2024) Full year 2025 results: EPS: JP¥182 (down from JP¥223 in FY 2024). Revenue: JP¥16.6b (up 11% from FY 2024). Net income: JP¥267.0m (down 18% from FY 2024). Profit margin: 1.6% (down from 2.2% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Announcement • May 13
Tradia Corporation, Annual General Meeting, Jun 27, 2025 Tradia Corporation, Annual General Meeting, Jun 27, 2025. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥50.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 28 June 2025. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.8%). Announcement • Mar 08
Tradia Corporation to Report Fiscal Year 2025 Results on May 13, 2025 Tradia Corporation announced that they will report fiscal year 2025 results on May 13, 2025 Reported Earnings • Feb 15
Third quarter 2025 earnings released: EPS: JP¥71.60 (vs JP¥54.61 in 3Q 2024) Third quarter 2025 results: EPS: JP¥71.60 (up from JP¥54.61 in 3Q 2024). Revenue: JP¥4.46b (up 17% from 3Q 2024). Net income: JP¥105.0m (up 31% from 3Q 2024). Profit margin: 2.4% (up from 2.1% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Announcement • Jan 03
Tradia Corporation to Report Q3, 2025 Results on Feb 13, 2025 Tradia Corporation announced that they will report Q3, 2025 results on Feb 13, 2025 Reported Earnings • Nov 16
Second quarter 2025 earnings released: EPS: JP¥49.11 (vs JP¥87.31 in 2Q 2024) Second quarter 2025 results: EPS: JP¥49.11 (down from JP¥87.31 in 2Q 2024). Revenue: JP¥4.37b (up 15% from 2Q 2024). Net income: JP¥72.0m (down 44% from 2Q 2024). Profit margin: 1.6% (down from 3.4% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 1% per year. Announcement • Sep 20
Tradia Corporation to Report Q2, 2025 Results on Nov 12, 2024 Tradia Corporation announced that they will report Q2, 2025 results on Nov 12, 2024 Reported Earnings • Aug 14
First quarter 2025 earnings released: EPS: JP¥51.15 (vs JP¥63.53 in 1Q 2024) First quarter 2025 results: EPS: JP¥51.15 (down from JP¥63.53 in 1Q 2024). Revenue: JP¥3.81b (flat on 1Q 2024). Net income: JP¥75.0m (down 19% from 1Q 2024). Profit margin: 2.0% (down from 2.4% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Jun 15
Tradia Corporation to Report Q1, 2025 Results on Aug 09, 2024 Tradia Corporation announced that they will report Q1, 2025 results on Aug 09, 2024 Reported Earnings • May 16
Full year 2024 earnings released: EPS: JP¥222 (vs JP¥354 in FY 2023) Full year 2024 results: EPS: JP¥222 (down from JP¥354 in FY 2023). Revenue: JP¥15.0b (down 24% from FY 2023). Net income: JP¥326.0m (down 37% from FY 2023). Profit margin: 2.2% (down from 2.6% in FY 2023). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • May 16
Tradia Corporation, Annual General Meeting, Jun 27, 2024 Tradia Corporation, Annual General Meeting, Jun 27, 2024. Announcement • Mar 21
Tradia Corporation to Report Fiscal Year 2024 Results on May 14, 2024 Tradia Corporation announced that they will report fiscal year 2024 results on May 14, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥50.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 3.7%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (2.1%). Reported Earnings • Feb 17
Third quarter 2024 earnings released: EPS: JP¥54.52 (vs JP¥186 in 3Q 2023) Third quarter 2024 results: EPS: JP¥54.52 (down from JP¥186 in 3Q 2023). Revenue: JP¥3.80b (down 29% from 3Q 2023). Net income: JP¥80.0m (down 71% from 3Q 2023). Profit margin: 2.1% (down from 5.1% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Nov 29
Tradia Corporation to Report Q3, 2024 Results on Feb 14, 2024 Tradia Corporation announced that they will report Q3, 2024 results on Feb 14, 2024 New Risk • Nov 16
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 17% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (7.6% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Market cap is less than US$100m (JP¥1.86b market cap, or US$12.3m). Reported Earnings • Nov 12
Second quarter 2024 earnings released: EPS: JP¥87.24 (vs JP¥104 in 2Q 2023) Second quarter 2024 results: EPS: JP¥87.24 (down from JP¥104 in 2Q 2023). Revenue: JP¥3.81b (down 30% from 2Q 2023). Net income: JP¥128.0m (down 16% from 2Q 2023). Profit margin: 3.4% (up from 2.8% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Sep 29
Tradia Corporation to Report Q2, 2024 Results on Nov 10, 2023 Tradia Corporation announced that they will report Q2, 2024 results on Nov 10, 2023 Valuation Update With 7 Day Price Move • Sep 11
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to JP¥1,602, the stock trades at a trailing P/E ratio of 4.5x. Average trailing P/E is 10x in the Infrastructure industry in Japan. Total returns to shareholders of 36% over the past three years. Reported Earnings • Aug 12
First quarter 2024 earnings released: EPS: JP¥63.49 (vs JP¥64.21 in 1Q 2023) First quarter 2024 results: EPS: JP¥63.49 (down from JP¥64.21 in 1Q 2023). Revenue: JP¥3.82b (down 22% from 1Q 2023). Net income: JP¥93.0m (down 1.1% from 1Q 2023). Profit margin: 2.4% (up from 1.9% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Jun 29
Tradia Corporation to Report Q1, 2024 Results on Aug 10, 2023 Tradia Corporation announced that they will report Q1, 2024 results on Aug 10, 2023 Reported Earnings • May 13
Full year 2023 earnings released: EPS: JP¥354 (vs JP¥209 in FY 2022) Full year 2023 results: EPS: JP¥354 (up from JP¥209 in FY 2022). Revenue: JP¥19.9b (up 8.0% from FY 2022). Net income: JP¥518.0m (up 69% from FY 2022). Profit margin: 2.6% (up from 1.7% in FY 2022). Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • May 13
Tradia Corporation, Annual General Meeting, Jun 29, 2023 Tradia Corporation, Annual General Meeting, Jun 29, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥50.00 per share at 2.1% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 27 June 2023. Payout ratio is a comfortable 8.5% but the company is not cash flow positive. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (3.4%). Valuation Update With 7 Day Price Move • Feb 27
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥1,699, the stock trades at a trailing P/E ratio of 4.8x. Average trailing P/E is 8x in the Infrastructure industry in Japan. Total returns to shareholders of 35% over the past three years. Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: JP¥186 (vs JP¥78.55 in 3Q 2022) Third quarter 2023 results: EPS: JP¥186 (up from JP¥78.55 in 3Q 2022). Revenue: JP¥5.33b (up 3.5% from 3Q 2022). Net income: JP¥272.0m (up 137% from 3Q 2022). Profit margin: 5.1% (up from 2.2% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to JP¥1,502, the stock trades at a trailing P/E ratio of 6.1x. Average trailing P/E is 8x in the Infrastructure industry in Japan. Total returns to shareholders of 18% over the past three years. Announcement • Nov 27
Tradia Corporation to Report Q3, 2023 Results on Feb 10, 2023 Tradia Corporation announced that they will report Q3, 2023 results on Feb 10, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: JP¥104 (vs JP¥51.95 in 2Q 2022) Second quarter 2023 results: EPS: JP¥104 (up from JP¥51.95 in 2Q 2022). Revenue: JP¥5.45b (up 26% from 2Q 2022). Net income: JP¥152.0m (up 100% from 2Q 2022). Profit margin: 2.8% (up from 1.8% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 5 highly experienced directors. No independent directors (8 non-independent directors). Chief Executive Officer, President and Representative Director Katsuhide Furugori was the last director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Nov 13
Second quarter 2023 earnings released: EPS: JP¥104 (vs JP¥51.95 in 2Q 2022) Second quarter 2023 results: EPS: JP¥104 (up from JP¥51.95 in 2Q 2022). Revenue: JP¥5.45b (up 26% from 2Q 2022). Net income: JP¥152.0m (up 100% from 2Q 2022). Profit margin: 2.8% (up from 1.8% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Aug 28
Tradia Corporation to Report Q2, 2023 Results on Nov 11, 2022 Tradia Corporation announced that they will report Q2, 2023 results on Nov 11, 2022 Reported Earnings • Aug 12
First quarter 2023 earnings released: EPS: JP¥64.20 (vs JP¥79.86 in 1Q 2022) First quarter 2023 results: EPS: JP¥64.20 (down from JP¥79.86 in 1Q 2022). Revenue: JP¥4.92b (up 17% from 1Q 2022). Net income: JP¥94.0m (down 20% from 1Q 2022). Profit margin: 1.9% (down from 2.8% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Jun 23
Tradia Corporation to Report Q1, 2023 Results on Aug 10, 2022 Tradia Corporation announced that they will report Q1, 2023 results on Aug 10, 2022 Reported Earnings • May 19
Full year 2022 earnings released: EPS: JP¥184 (vs JP¥73.72 in FY 2021) Full year 2022 results: EPS: JP¥184 (up from JP¥73.72 in FY 2021). Revenue: JP¥18.4b (up 23% from FY 2021). Net income: JP¥269.0m (up 149% from FY 2021). Profit margin: 1.5% (up from 0.7% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • May 15
Tradia Corporation, Annual General Meeting, Jun 24, 2022 Tradia Corporation, Annual General Meeting, Jun 24, 2022. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 5 highly experienced directors. No independent directors (8 non-independent directors). Chief Executive Officer, President and Representative Director Katsuhide Furugori was the last director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Announcement • Apr 08
Tradia Corporation to Report Fiscal Year 2022 Results on May 13, 2022 Tradia Corporation announced that they will report fiscal year 2022 results on May 13, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 28 June 2022. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (3.0%). Reported Earnings • Feb 12
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥78.44 (up from JP¥36.18 in 3Q 2021). Revenue: JP¥5.15b (up 32% from 3Q 2021). Net income: JP¥115.0m (up 117% from 3Q 2021). Profit margin: 2.2% (up from 1.4% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 12
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥78.44 (up from JP¥36.18 in 3Q 2021). Revenue: JP¥5.15b (up 32% from 3Q 2021). Net income: JP¥115.0m (up 117% from 3Q 2021). Profit margin: 2.2% (up from 1.4% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 15
Second quarter 2022 earnings released: EPS JP¥51.88 (vs JP¥32.77 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥4.31b (up 27% from 2Q 2021). Net income: JP¥76.0m (up 58% from 2Q 2021). Profit margin: 1.8% (up from 1.4% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has fallen by 1% per year. Valuation Update With 7 Day Price Move • Aug 23
Investor sentiment deteriorated over the past week After last week's 15% share price decline to JP¥1,356, the stock trades at a trailing P/E ratio of 7.8x. Average trailing P/E is 9x in the Infrastructure industry in Japan. Total loss to shareholders of 2.4% over the past three years. Reported Earnings • Aug 09
First quarter 2022 earnings released: EPS JP¥79.86 (vs JP¥20.48 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥4.20b (up 20% from 1Q 2021). Net income: JP¥117.0m (up JP¥147.0m from 1Q 2021). Profit margin: 2.8% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 22% 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. Reported Earnings • May 18
Full year 2021 earnings released: EPS JP¥73.71 (vs JP¥34.81 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥14.9b (up 3.1% from FY 2020). Net income: JP¥108.0m (up 112% from FY 2020). Profit margin: 0.7% (up from 0.4% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 47% 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 • Mar 23
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 29 June 2021. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (2.7%). In line with average of industry peers (2.2%). Reported Earnings • Feb 12
Third quarter 2021 earnings released: EPS JP¥36.17 (vs JP¥15.02 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥3.92b (up 4.2% from 3Q 2020). Net income: JP¥53.0m (up 141% from 3Q 2020). Profit margin: 1.4% (up from 0.6% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 54% 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 19
Tradia Corporation to Report Q3, 2021 Results on Feb 10, 2021 Tradia Corporation announced that they will report Q3, 2021 results on Feb 10, 2021 Is New 90 Day High Low • Dec 10
New 90-day high: JP¥1,442 The company is up 11% from its price of JP¥1,300 on 10 September 2020. The Japanese market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Infrastructure industry, which is up 8.0% over the same period. Announcement • Sep 03
Tradia Corporation to Report Q2, 2021 Results on Nov 12, 2020 Tradia Corporation announced that they will report Q2, 2021 results on Nov 12, 2020 Announcement • Jun 21
Tradia Corporation to Report Q1, 2021 Results on Aug 07, 2020 Tradia Corporation announced that they will report Q1, 2021 results on Aug 07, 2020