New Risk • Apr 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Declared Dividend • Apr 11
Final dividend of JP¥30.00 announced Shareholders will receive a dividend of JP¥30.00. Ex-date: 29th June 2026 Payment date: 1st September 2026 Dividend yield will be 1.2%, which is lower than the industry average of 2.1%. Sustainability & Growth Dividend is well covered by both earnings (17% earnings payout ratio) and cash flows (21% cash payout ratio). The dividend has increased by an average of 7.9% 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. Earnings per share has grown by 24% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 15
Full year 2025 earnings released: EPS: JP¥314 (vs JP¥231 in FY 2024) Full year 2025 results: EPS: JP¥314 (up from JP¥231 in FY 2024). Revenue: JP¥91.4b (down 1.2% from FY 2024). Net income: JP¥8.38b (up 36% from FY 2024). Profit margin: 9.2% (up from 6.7% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 13
K&O Energy Group Inc., Annual General Meeting, Mar 26, 2026 K&O Energy Group Inc., Annual General Meeting, Mar 26, 2026. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥26.00 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 27 March 2026. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (2.0%). Announcement • Dec 03
K&O Energy Group Inc. to Report Fiscal Year 2025 Results on Feb 13, 2026 K&O Energy Group Inc. announced that they will report fiscal year 2025 results at 3:00 PM, Tokyo Standard Time on Feb 13, 2026 Reported Earnings • Nov 16
Third quarter 2025 earnings released: EPS: JP¥51.22 (vs JP¥49.89 in 3Q 2024) Third quarter 2025 results: EPS: JP¥51.22 (up from JP¥49.89 in 3Q 2024). Revenue: JP¥21.0b (down 3.7% from 3Q 2024). Net income: JP¥1.37b (up 2.8% from 3Q 2024). Profit margin: 6.5% (up from 6.1% in 3Q 2024). The increase in margin was driven by lower expenses. 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 15% per year. New Risk • Nov 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Announcement • Oct 04
K&O Energy Group Inc. (TSE:1663) agreed to acquire 33.40% stake in Mitsui Mineral Development Engineering Co., Ltd. from Mitsui Kinzoku Company, Limited (TSE:5706). K&O Energy Group Inc. (TSE:1663) agreed to acquire 33.40% stake in Mitsui Mineral Development Engineering Co., Ltd. from Mitsui Kinzoku Company, Limited (TSE:5706) on October 2, 2025. Declared Dividend • Sep 02
First half dividend of JP¥26.00 announced Shareholders will receive a dividend of JP¥26.00. Ex-date: 29th December 2025 Payment date: 27th March 2026 Dividend yield will be 1.5%, which is lower than the industry average of 2.1%. Sustainability & Growth Dividend is well covered by both earnings (15% earnings payout ratio) and cash flows (19% cash payout ratio). The dividend has increased by an average of 6.4% 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. Earnings per share has grown by 22% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 14
Second quarter 2025 earnings released: EPS: JP¥85.02 (vs JP¥75.33 in 2Q 2024) Second quarter 2025 results: EPS: JP¥85.02 (up from JP¥75.33 in 2Q 2024). Revenue: JP¥22.3b (down 2.7% from 2Q 2024). Net income: JP¥2.27b (up 13% from 2Q 2024). Profit margin: 10% (up from 8.8% in 2Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Jun 20
Upcoming dividend of JP¥24.00 per share Eligible shareholders must have bought the stock before 27 June 2025. Payment date: 02 September 2025. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of Japanese dividend payers (4.0%). Lower than average of industry peers (2.4%). Reported Earnings • May 15
First quarter 2025 earnings released: EPS: JP¥121 (vs JP¥63.47 in 1Q 2024) First quarter 2025 results: EPS: JP¥121 (up from JP¥63.47 in 1Q 2024). Revenue: JP¥26.2b (up 1.2% from 1Q 2024). Net income: JP¥3.23b (up 91% from 1Q 2024). Profit margin: 12% (up from 6.5% in 1Q 2024). The increase in margin was primarily driven by lower expenses. Revenue is forecast to stay flat during the next 2 years, in line with the revenue forecast for the Gas Utilities industry in Japan. Over the last 3 years on average, earnings per share has increased by 25% per year whereas the company’s share price has increased by 24% per year. Declared Dividend • Apr 11
Final dividend increased to JP¥24.00 Dividend of JP¥24.00 is 20% higher than last year. Ex-date: 27th June 2025 Payment date: 2nd September 2025 Dividend yield will be 1.8%, which is lower than the industry average of 2.1%. Sustainability & Growth Dividend is well covered by both earnings (16% earnings payout ratio) and cash flows (16% cash payout ratio). The dividend has increased by an average of 6.3% 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 decline by 27% over the next 2 years. However, it would need to fall by 82% to increase the payout ratio to a potentially unsustainable range. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥2,654, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 17x in the Gas Utilities industry in Japan. Total returns to shareholders of 68% over the past three years. Announcement • Mar 27
K&O Energy Group Inc. to Report Q1, 2025 Results on May 13, 2025 K&O Energy Group Inc. announced that they will report Q1, 2025 results on May 13, 2025 Reported Earnings • Feb 16
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: JP¥231 (down from JP¥243 in FY 2023). Revenue: JP¥92.4b (down 4.0% from FY 2023). Net income: JP¥6.17b (down 4.6% from FY 2023). Profit margin: 6.7% (in line with FY 2023). Revenue missed analyst estimates by 2.7%. Earnings per share (EPS) exceeded analyst estimates by 12%. Revenue is forecast to stay flat during the next 2 years compared to a 1.0% growth forecast for the Gas Utilities industry in Japan. Over the last 3 years on average, earnings per share has increased by 27% per year whereas the company’s share price has increased by 26% per year. Announcement • Feb 14
K&O Energy Group Inc., Annual General Meeting, Mar 26, 2025 K&O Energy Group Inc., Annual General Meeting, Mar 26, 2025. New Risk • Jan 15
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 16% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 16% per year for the foreseeable future. Minor Risk Share price has been volatile over the past 3 months (5.4% average weekly change). New Risk • Jan 12
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Share price has been volatile over the past 3 months (5.4% average weekly change). Valuation Update With 7 Day Price Move • Dec 26
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥3,500, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 17x in the Gas Utilities industry in Japan. Total returns to shareholders of 154% over the past three years. Upcoming Dividend • Dec 20
Upcoming dividend of JP¥22.00 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 27 March 2025. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (2.4%). Announcement • Dec 03
K&O Energy Group Inc. to Report Fiscal Year 2024 Results on Feb 14, 2025 K&O Energy Group Inc. announced that they will report fiscal year 2024 results on Feb 14, 2025 Reported Earnings • Nov 15
Third quarter 2024 earnings released: EPS: JP¥49.89 (vs JP¥53.48 in 3Q 2023) Third quarter 2024 results: EPS: JP¥49.89 (down from JP¥53.48 in 3Q 2023). Revenue: JP¥21.8b (down 1.1% from 3Q 2023). Net income: JP¥1.33b (down 6.6% from 3Q 2023). Profit margin: 6.1% (down from 6.5% in 3Q 2023). Revenue is forecast to stay flat during the next 3 years compared to a 1.4% growth forecast for the Gas Utilities industry in Japan. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 14
Second quarter 2024 earnings released: EPS: JP¥75.33 (vs JP¥63.17 in 2Q 2023) Second quarter 2024 results: EPS: JP¥75.33 (up from JP¥63.17 in 2Q 2023). Revenue: JP¥22.9b (up 9.2% from 2Q 2023). Net income: JP¥2.01b (up 19% from 2Q 2023). Profit margin: 8.8% (up from 8.0% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 1.8% growth forecast for the Gas Utilities industry in Japan. Over the last 3 years on average, earnings per share has increased by 35% per year whereas the company’s share price has increased by 38% per year. Declared Dividend • Aug 11
Dividend of JP¥22.00 announced Shareholders will receive a dividend of JP¥22.00. Ex-date: 27th December 2024 Payment date: 27th March 2025 Dividend yield will be 1.3%, which is lower than the industry average of 2.1%. Sustainability & Growth Dividend is well covered by both earnings (16% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has increased by an average of 4.4% 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 decline by 28% over the next 3 years. However, it would need to fall by 83% to increase the payout ratio to a potentially unsustainable range. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to JP¥2,649, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 15x in the Gas Utilities industry in Japan. Total returns to shareholders of 114% over the past three years. Buy Or Sell Opportunity • Jul 01
Now 23% undervalued Over the last 90 days, the stock has risen 21% to JP¥3,610. The fair value is estimated to be JP¥4,663, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 34%. Revenue is forecast to decline by 0.6% in 2 years. Earnings are forecast to decline by 28% in the next 2 years. Valuation Update With 7 Day Price Move • Jun 21
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥3,460, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 15x in the Gas Utilities industry in Japan. Total returns to shareholders of 171% over the past three years. Upcoming Dividend • Jun 20
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 27 June 2024. Payment date: 02 September 2024. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (2.5%). New Risk • Jun 14
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 7.6% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (7.6% average weekly change). Earnings are forecast to decline by an average of 10% per year for the foreseeable future. Buy Or Sell Opportunity • Jun 06
Now 21% undervalued Over the last 90 days, the stock has risen 41% to JP¥3,690. The fair value is estimated to be JP¥4,659, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 34%. Revenue is forecast to decline by 0.6% in 2 years. Earnings are forecast to decline by 28% in the next 2 years. Valuation Update With 7 Day Price Move • May 21
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥3,690, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 15x in the Gas Utilities industry in Japan. Total returns to shareholders of 189% over the past three years. Reported Earnings • May 16
First quarter 2024 earnings released: EPS: JP¥63.47 (vs JP¥63.66 in 1Q 2023) First quarter 2024 results: EPS: JP¥63.47 (down from JP¥63.66 in 1Q 2023). Revenue: JP¥25.9b (down 12% from 1Q 2023). Net income: JP¥1.69b (flat on 1Q 2023). Profit margin: 6.5% (up from 5.8% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to stay flat during the next 3 years compared to a 1.4% growth forecast for the Gas Utilities industry in Japan. Over the last 3 years on average, earnings per share has increased by 34% per year and the company’s share price has also increased by 34% per year. Declared Dividend • Apr 11
Final dividend of JP¥20.00 announced Shareholders will receive a dividend of JP¥20.00. Ex-date: 27th June 2024 Payment date: 2nd September 2024 Dividend yield will be 1.3%, which is lower than the industry average of 2.1%. Sustainability & Growth Dividend is well covered by both earnings (15% earnings payout ratio) and cash flows (19% cash payout ratio). The dividend has increased by an average of 2.7% 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 decline by 27% over the next 3 years. However, it would need to fall by 83% to increase the payout ratio to a potentially unsustainable range. New Risk • Apr 01
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 10% per year for the foreseeable future. Minor Risk Share price has been volatile over the past 3 months (6.0% average weekly change). Valuation Update With 7 Day Price Move • Mar 26
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥2,952, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 13x in the Gas Utilities industry in Japan. Total returns to shareholders of 108% over the past three years. Announcement • Feb 24
K&O Energy Group Inc. to Report Q1, 2024 Results on May 13, 2024 K&O Energy Group Inc. announced that they will report Q1, 2024 results on May 13, 2024 Reported Earnings • Feb 16
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: JP¥243 (up from JP¥179 in FY 2022). Revenue: JP¥96.3b (down 9.3% from FY 2022). Net income: JP¥6.46b (up 36% from FY 2022). Profit margin: 6.7% (up from 4.5% in FY 2022). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 13%. Revenue is forecast to stay flat during the next 2 years, in line with the revenue forecast for the Gas Utilities industry in Japan. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Announcement • Feb 14
K&O Energy Group Inc., Annual General Meeting, Mar 26, 2024 K&O Energy Group Inc., Annual General Meeting, Mar 26, 2024. Announcement • Dec 27
K&O Energy Group Inc. to Report Fiscal Year 2023 Results on Feb 14, 2024 K&O Energy Group Inc. announced that they will report fiscal year 2023 results on Feb 14, 2024 Upcoming Dividend • Dec 21
Upcoming dividend of JP¥21.00 per share at 1.6% yield Eligible shareholders must have bought the stock before 28 December 2023. Payment date: 29 March 2024. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of Japanese dividend payers (3.5%). Lower than average of industry peers (2.2%). New Risk • Dec 08
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.7% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 4.7% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Nov 18
Third quarter 2023 earnings released: EPS: JP¥53.48 (vs JP¥37.97 in 3Q 2022) Third quarter 2023 results: EPS: JP¥53.48 (up from JP¥37.97 in 3Q 2022). Revenue: JP¥22.0b (down 17% from 3Q 2022). Net income: JP¥1.42b (up 41% from 3Q 2022). Profit margin: 6.5% (up from 3.8% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is expected to fall by 1.7% p.a. on average during the next 3 years compared to a 1.3% decline forecast for the Gas Utilities industry in Japan. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Announcement • Sep 29
K&O Energy Group Inc. to Report Q3, 2023 Results on Nov 14, 2023 K&O Energy Group Inc. announced that they will report Q3, 2023 results on Nov 14, 2023 New Risk • Aug 17
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.5% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 16
Second quarter 2023 earnings released: EPS: JP¥63.17 (vs JP¥46.74 in 2Q 2022) Second quarter 2023 results: EPS: JP¥63.17 (up from JP¥46.74 in 2Q 2022). Revenue: JP¥21.0b (up 1.2% from 2Q 2022). Net income: JP¥1.68b (up 35% from 2Q 2022). Profit margin: 8.0% (up from 6.0% in 2Q 2022). Revenue is expected to fall by 1.6% p.a. on average during the next 3 years compared to a 4.3% decline forecast for the Gas Utilities 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 only increased by 16% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 22
Upcoming dividend of JP¥17.00 per share at 1.4% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 01 September 2023. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of Japanese dividend payers (3.5%). Lower than average of industry peers (2.5%). Announcement • May 31
K&O Energy Group Inc. to Report Q2, 2023 Results on Aug 14, 2023 K&O Energy Group Inc. announced that they will report Q2, 2023 results on Aug 14, 2023 Reported Earnings • May 17
First quarter 2023 earnings released: EPS: JP¥63.66 (vs JP¥50.55 in 1Q 2022) First quarter 2023 results: EPS: JP¥63.66 (up from JP¥50.55 in 1Q 2022). Revenue: JP¥29.4b (up 3.9% from 1Q 2022). Net income: JP¥1.69b (up 26% from 1Q 2022). Profit margin: 5.8% (up from 4.7% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is expected to fall by 1.9% p.a. on average during the next 3 years compared to a 2.7% decline forecast for the Gas Utilities 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 only increased by 11% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 01
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: JP¥179 (up from JP¥107 in FY 2021). Revenue: JP¥106.2b (up 61% from FY 2021). Net income: JP¥4.77b (up 68% from FY 2021). Profit margin: 4.5% (up from 4.3% in FY 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 6.2%. Earnings per share (EPS) also surpassed analyst estimates by 8.4%. Revenue is expected to fall by 1.5% p.a. on average during the next 3 years compared to a 2.6% decline forecast for the Gas Utilities industry in Japan. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 14% per year. Reported Earnings • Feb 14
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: JP¥179 (up from JP¥107 in FY 2021). Revenue: JP¥106.2b (up 61% from FY 2021). Net income: JP¥4.77b (up 68% from FY 2021). Profit margin: 4.5% (up from 4.3% in FY 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 6.2%. Earnings per share (EPS) also surpassed analyst estimates by 8.4%. Revenue is forecast to stay flat during the next 2 years, in line with the revenue forecast for the Gas Utilities industry in Japan. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Feb 13
K&O Energy Group Inc., Annual General Meeting, Mar 28, 2023 K&O Energy Group Inc., Annual General Meeting, Mar 28, 2023. Buying Opportunity • Jan 05
Now 22% undervalued Over the last 90 days, the stock is up 8.6%. The fair value is estimated to be JP¥2,429, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 9.0%. Revenue is forecast to grow by 9.2% in 2 years. Earnings is forecast to grow by 13% in the next 2 years. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥17.00 per share Eligible shareholders must have bought the stock before 29 December 2022. Payment date: 31 March 2023. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (2.7%). Announcement • Dec 06
K&O Energy Group Inc. to Report Fiscal Year 2022 Results on Feb 13, 2023 K&O Energy Group Inc. announced that they will report fiscal year 2022 results on Feb 13, 2023 Buying Opportunity • Dec 06
Now 20% undervalued Over the last 90 days, the stock is up 37%. The fair value is estimated to be JP¥2,850, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 9.0%. Revenue is forecast to grow by 9.2% in 2 years. Earnings is forecast to grow by 13% in the next 2 years. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 9 non-independent directors. Independent External Director Kiichiro Otsuki was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 12
Third quarter 2022 earnings released: EPS: JP¥37.97 (vs JP¥16.04 in 3Q 2021) Third quarter 2022 results: EPS: JP¥37.97 (up from JP¥16.04 in 3Q 2021). Revenue: JP¥26.6b (up 77% from 3Q 2021). Net income: JP¥1.01b (up 137% from 3Q 2021). Profit margin: 3.8% (up from 2.8% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, while revenues in the Gas Utilities industry in Japan are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 10% per year. Announcement • Aug 28
K&O Energy Group Inc. to Report Q3, 2022 Results on Nov 10, 2022 K&O Energy Group Inc. announced that they will report Q3, 2022 results on Nov 10, 2022 Reported Earnings • Aug 14
Second quarter 2022 earnings released: EPS: JP¥46.74 (vs JP¥21.50 in 2Q 2021) Second quarter 2022 results: EPS: JP¥46.74 (up from JP¥21.50 in 2Q 2021). Revenue: JP¥20.7b (up 53% from 2Q 2021). Net income: JP¥1.24b (up 118% from 2Q 2021). Profit margin: 6.0% (up from 4.2% 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 6% per year whereas the company’s share price has increased by 5% per year. Upcoming Dividend • Jun 22
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 29 June 2022. Payment date: 01 September 2022. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (2.6%). Announcement • Jun 01
K&O Energy Group Inc. to Report Q2, 2022 Results on Aug 12, 2022 K&O Energy Group Inc. announced that they will report Q2, 2022 results on Aug 12, 2022 Reported Earnings • May 15
First quarter 2022 earnings released: EPS: JP¥50.55 (vs JP¥52.04 in 1Q 2021) First quarter 2022 results: EPS: JP¥50.55 (down from JP¥52.04 in 1Q 2021). Revenue: JP¥28.3b (up 67% from 1Q 2021). Net income: JP¥1.34b (down 2.8% from 1Q 2021). Profit margin: 4.7% (down from 8.1% in 1Q 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 1% per year, which means it is significantly lagging earnings. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 9 non-independent directors. Independent External Director Kiichiro Otsuki was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 24
K&O Energy Group Inc. to Report Q1, 2022 Results on May 12, 2022 K&O Energy Group Inc. announced that they will report Q1, 2022 results on May 12, 2022 Announcement • Feb 16
K&O Energy Group Inc., Annual General Meeting, Mar 30, 2022 K&O Energy Group Inc., Annual General Meeting, Mar 30, 2022.