Buy Or Sell Opportunity • Jul 29
Now 22% undervalued Over the last 90 days, the stock has risen 15% to €17.60. The fair value is estimated to be €22.44, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.1% over the last 3 years. Earnings per share has grown by 25%. For the next 3 years, revenue is forecast to grow by 5.8% per annum. Earnings are also forecast to grow by 23% per annum over the same time period. Declared Dividend • Jul 26
Final dividend of JP¥33.00 announced Shareholders will receive a dividend of JP¥33.00. Ex-date: 29th September 2026 Payment date: 2nd December 2026 Dividend yield will be 171%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is well covered by both earnings (48% earnings payout ratio) and cash flows (39% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 86% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Jul 02
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 60% to €21.40. The fair value is estimated to be €17.59, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.1% over the last 3 years. Earnings per share has grown by 25%. For the next 3 years, revenue is forecast to grow by 4.9% per annum. Earnings are also forecast to grow by 23% per annum over the same time period. Tillkännagivande • Jun 16
NHK Spring Co., Ltd. to Report Q1, 2027 Results on Aug 06, 2026 NHK Spring Co., Ltd. announced that they will report Q1, 2027 results on Aug 06, 2026 New Risk • Jun 08
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 German stocks, typically moving 8.4% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.4% average weekly change). Profit margins are more than 30% lower than last year (3.4% net profit margin). Buy Or Sell Opportunity • Jun 03
Now 30% overvalued after recent price rise Over the last 90 days, the stock has risen 40% to €21.20. The fair value is estimated to be €16.33, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.1% over the last 3 years. Earnings per share has grown by 25%. For the next 3 years, revenue is forecast to grow by 5.1% per annum. Earnings are also forecast to grow by 24% per annum over the same time period. Board Change • May 20
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 independent directors. 5 non-independent directors. Outside Independent Director Reiko Furukawa was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Tillkännagivande • May 11
NHK Spring Co., Ltd., Annual General Meeting, Jun 25, 2026 NHK Spring Co., Ltd., Annual General Meeting, Jun 25, 2026. Tillkännagivande • Apr 11
NHK Spring Co., Ltd. to Report Fiscal Year 2026 Results on May 11, 2026 NHK Spring Co., Ltd. announced that they will report fiscal year 2026 results at 3:00 PM, Tokyo Standard Time on May 11, 2026 Tillkännagivande • Nov 29
NHK Spring Co., Ltd. to Report Q3, 2026 Results on Feb 12, 2026 NHK Spring Co., Ltd. announced that they will report Q3, 2026 results on Feb 12, 2026 Tillkännagivande • Aug 21
NHK Spring Co., Ltd. to Report Q2, 2026 Results on Nov 12, 2025 NHK Spring Co., Ltd. announced that they will report Q2, 2026 results on Nov 12, 2025 Tillkännagivande • Jun 07
NHK Spring Co., Ltd. to Report Q1, 2026 Results on Aug 06, 2025 NHK Spring Co., Ltd. announced that they will report Q1, 2026 results on Aug 06, 2025 Tillkännagivande • May 14
NHK Spring Co., Ltd., Annual General Meeting, Jun 25, 2025 NHK Spring Co., Ltd., Annual General Meeting, Jun 25, 2025. Tillkännagivande • Mar 07
NHK Spring Co., Ltd. to Report Fiscal Year 2025 Results on May 14, 2025 NHK Spring Co., Ltd. announced that they will report fiscal year 2025 results on May 14, 2025 Tillkännagivande • Dec 23
NHK Spring Co., Ltd. (TSE:5991) announces an Equity Buyback for 13,000,000 shares, representing 6.05% for ¥26,000 million. NHK Spring Co., Ltd. (TSE:5991) announces a share repurchase program. Under the program, the company will repurchase 13,000,000 shares, representing 6.05% of its share capital, for ¥26,000 million. The company will repurchase its shares in order to improve capital efficiency by enhancing shareholder returns while enabling flexible execution of capital policy. The program will expire on June 23, 2025. As of November 30, 2024, the company had 214,821,247 shares outstanding (excluding treasury shares) and 29,244,897 shares in treasury. Tillkännagivande • Nov 30
NHK Spring Co., Ltd. to Report Q3, 2025 Final Results on Feb 12, 2025 NHK Spring Co., Ltd. announced that they will report Q3, 2025 final results on Feb 12, 2025 Upcoming Dividend • Sep 20
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 04 December 2024. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of German dividend payers (4.8%). In line with average of industry peers (3.3%). Tillkännagivande • Aug 27
NHK Spring Co., Ltd. to Report Q2, 2025 Results on Nov 13, 2024 NHK Spring Co., Ltd. announced that they will report Q2, 2025 results on Nov 13, 2024 Reported Earnings • Aug 13
First quarter 2025 earnings released: EPS: JP¥69.37 (vs JP¥31.57 in 1Q 2024) First quarter 2025 results: EPS: JP¥69.37 (up from JP¥31.57 in 1Q 2024). Revenue: JP¥193.8b (up 8.1% from 1Q 2024). Net income: JP¥15.1b (up 111% from 1Q 2024). Profit margin: 7.8% (up from 4.0% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Aug 07
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 German stocks, typically moving 7.2% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.2% average weekly change). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to €7.65, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 7x in the Auto Components industry in Germany. Total returns to shareholders of 34% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €4.81 per share. Declared Dividend • Jul 11
Final dividend of JP¥27.00 announced Shareholders will receive a dividend of JP¥27.00. Ex-date: 27th September 2024 Payment date: 4th December 2024 Dividend yield will be 278%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is well covered by both earnings (41% earnings payout ratio) and cash flows (37% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 8.7% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Tillkännagivande • Jun 02
NHK Spring Co., Ltd. to Report Q1, 2025 Results on Aug 07, 2024 NHK Spring Co., Ltd. announced that they will report Q1, 2025 results on Aug 07, 2024 Buy Or Sell Opportunity • May 28
Now 21% undervalued Over the last 90 days, the stock has risen 16% to €9.95. The fair value is estimated to be €12.63, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.6% over the last 3 years. Earnings per share has grown by 8.1%. Revenue is forecast to grow by 7.3% in 2 years. Earnings are forecast to decline by 16% in the next 2 years. Reported Earnings • May 20
Full year 2024 earnings released: EPS: JP¥173 (vs JP¥94.50 in FY 2023) Full year 2024 results: EPS: JP¥173 (up from JP¥94.50 in FY 2023). Revenue: JP¥766.9b (up 11% from FY 2023). Net income: JP¥39.2b (up 82% from FY 2023). Profit margin: 5.1% (up from 3.1% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.6% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • May 09
NHK Spring Co., Ltd., Annual General Meeting, Jun 25, 2024 NHK Spring Co., Ltd., Annual General Meeting, Jun 25, 2024. Agenda: To consider approval of Remuneration Amount for Restricted Stock-Based Compensation Plan. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥23.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 41% but the company is not cash flow positive. Trailing yield: 3.0%. Lower than top quartile of German dividend payers (4.9%). In line with average of industry peers (2.9%). Tillkännagivande • Feb 29
NHK Spring Co., Ltd. to Report Fiscal Year 2024 Results on May 15, 2024 NHK Spring Co., Ltd. announced that they will report fiscal year 2024 results on May 15, 2024 Tillkännagivande • Feb 14
NHK Spring Co., Ltd. Provides Consolidated Earnings Guidance for Full Year of Fiscal Year Ending March 31, 2024 NHK Spring Co., Ltd. provided consolidated earnings guidance for full year of fiscal year ending March 31, 2024. For the year, the company expects net sales of JPY 760,000 million, operating profit of JPY 27,000 million, profit attributable to owners of parent of JPY 35,000 million and basic earnings per share of JPY 154.51 against previous guidance of net sales of JPY 760,000 million, operating profit of JPY 27,000 million, profit attributable to owners of parent of JPY 25,000 million and basic earnings per share of JPY 110.37. Valuation Update With 7 Day Price Move • Feb 13
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to €9.00, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 8x in the Auto Components industry in Germany. Total returns to shareholders of 58% over the past three years. Tillkännagivande • Nov 27
NHK Spring Co., Ltd. to Report Q3, 2024 Results on Feb 13, 2024 NHK Spring Co., Ltd. announced that they will report Q3, 2024 results on Feb 13, 2024 Reported Earnings • Nov 15
Second quarter 2024 earnings released: EPS: JP¥31.79 (vs JP¥49.47 in 2Q 2023) Second quarter 2024 results: EPS: JP¥31.79 (down from JP¥49.47 in 2Q 2023). Revenue: JP¥182.9b (up 3.0% from 2Q 2023). Net income: JP¥7.20b (down 36% from 2Q 2023). Profit margin: 3.9% (down from 6.4% in 2Q 2023). Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥17.00 per share at 2.9% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 04 December 2023. Payout ratio is a comfortable 36% but the company is not cash flow positive. Trailing yield: 2.9%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.6%). Tillkännagivande • Aug 31
NHK Spring Co., Ltd. to Report Q2, 2024 Results on Nov 13, 2023 NHK Spring Co., Ltd. announced that they will report Q2, 2024 results on Nov 13, 2023 New Risk • Aug 13
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 21% 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. Profit margins are more than 30% lower than last year (2.8% net profit margin). Reported Earnings • Aug 13
First quarter 2024 earnings released: EPS: JP¥31.57 (vs JP¥37.68 in 1Q 2023) First quarter 2024 results: EPS: JP¥31.57 (down from JP¥37.68 in 1Q 2023). Revenue: JP¥179.3b (up 16% from 1Q 2023). Net income: JP¥7.15b (down 17% from 1Q 2023). Profit margin: 4.0% (down from 5.5% in 1Q 2023). Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Jun 09
NHK Spring Co., Ltd. to Report Q1, 2024 Results on Aug 10, 2023 NHK Spring Co., Ltd. announced that they will report Q1, 2024 results on Aug 10, 2023 Reported Earnings • May 16
Full year 2023 earnings released: EPS: JP¥94.50 (vs JP¥140 in FY 2022) Full year 2023 results: EPS: JP¥94.50 (down from JP¥140 in FY 2022). Revenue: JP¥693.2b (up 18% from FY 2022). Net income: JP¥21.5b (down 33% from FY 2022). Profit margin: 3.1% (down from 5.5% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.0% p.a. on average during the next 2 years, compared to a 5.9% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Tillkännagivande • May 16
NHK Spring Co., Ltd., Annual General Meeting, Jun 28, 2023 NHK Spring Co., Ltd., Annual General Meeting, Jun 28, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥17.00 per share at 3.7% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 29 June 2023. Payout ratio is a comfortable 8.2% and this is well supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.5%). Reported Earnings • Feb 13
Third quarter 2023 earnings released: EPS: JP¥16.71 (vs JP¥25.36 in 3Q 2022) Third quarter 2023 results: EPS: JP¥16.71 (down from JP¥25.36 in 3Q 2022). Revenue: JP¥178.7b (up 20% from 3Q 2022). Net income: JP¥3.81b (down 34% from 3Q 2022). Profit margin: 2.1% (down from 3.9% in 3Q 2022). Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Tillkännagivande • Dec 02
NHK Spring Co., Ltd. to Report Q3, 2023 Results on Feb 09, 2023 NHK Spring Co., Ltd. announced that they will report Q3, 2023 results on Feb 09, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: JP¥49.47 (vs JP¥12.25 in 2Q 2022) Second quarter 2023 results: EPS: JP¥49.47 (up from JP¥12.25 in 2Q 2022). Revenue: JP¥177.6b (up 29% from 2Q 2022). Net income: JP¥11.3b (up 304% from 2Q 2022). Profit margin: 6.4% (up from 2.0% in 2Q 2022). Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. 1 highly experienced director. 2 independent directors (5 non-independent directors). Independent External Director Katsuko Tanaka was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 12
Second quarter 2023 earnings released: EPS: JP¥49.47 (vs JP¥12.25 in 2Q 2022) Second quarter 2023 results: EPS: JP¥49.47 (up from JP¥12.25 in 2Q 2022). Revenue: JP¥177.6b (up 29% from 2Q 2022). Net income: JP¥11.3b (up 304% from 2Q 2022). Profit margin: 6.4% (up from 2.0% in 2Q 2022). Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 02 December 2022. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (3.7%). Tillkännagivande • Sep 07
NHK Spring Co., Ltd. to Report Q2, 2023 Results on Nov 10, 2022 NHK Spring Co., Ltd. announced that they will report Q2, 2023 results on Nov 10, 2022 Reported Earnings • Aug 05
First quarter 2023 earnings released: EPS: JP¥37.68 (vs JP¥24.65 in 1Q 2022) First quarter 2023 results: EPS: JP¥37.68 (up from JP¥24.65 in 1Q 2022). Revenue: JP¥155.0b (up 9.4% from 1Q 2022). Net income: JP¥8.59b (up 53% from 1Q 2022). Profit margin: 5.5% (up from 4.0% in 1Q 2022). Over the next year, revenue is forecast to grow 8.9%, compared to a 10% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Jun 04
NHK Spring Co., Ltd. to Report Q1, 2023 Results on Aug 04, 2022 NHK Spring Co., Ltd. announced that they will report Q1, 2023 results on Aug 04, 2022 Reported Earnings • May 18
Full year 2022 earnings released: EPS: JP¥140 (vs JP¥40.45 in FY 2021) Full year 2022 results: EPS: JP¥140 (up from JP¥40.45 in FY 2021). Revenue: JP¥586.9b (up 2.5% from FY 2021). Net income: JP¥32.0b (up 240% from FY 2021). Profit margin: 5.5% (up from 1.6% in FY 2021). Over the next year, revenue is forecast to grow 9.6%, compared to a 9.7% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. 1 highly experienced director. 2 independent directors (5 non-independent directors). Independent External Director Katsuko Tanaka was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Tillkännagivande • Apr 08
NHK Spring Co., Ltd. to Report Fiscal Year 2022 Results on May 13, 2022 NHK Spring Co., Ltd. announced that they will report fiscal year 2022 results on May 13, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥12.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 28 June 2022. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of German dividend payers (3.6%). Lower than average of industry peers (3.3%). Reported Earnings • Feb 08
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥25.36 (down from JP¥34.58 in 3Q 2021). Revenue: JP¥148.8b (down 8.8% from 3Q 2021). Net income: JP¥5.78b (down 28% from 3Q 2021). Profit margin: 3.9% (down from 4.9% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 5.2% compared to a 2.8% decline forecast for the industry in Germany. 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 7% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 11
Second quarter 2022 earnings released: EPS JP¥12.25 (vs JP¥0.90 in 2Q 2021) The company reported a solid second quarter result with improved earnings and profit margins, although revenues were flat. Second quarter 2022 results: Revenue: JP¥137.3b (flat on 2Q 2021). Net income: JP¥2.79b (up JP¥2.58b from 2Q 2021). Profit margin: 2.0% (up from 0.2% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 18% 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¥12.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 02 December 2021. Trailing yield: 3.0%. Lower than top quartile of German dividend payers (3.2%). Higher than average of industry peers (2.1%). Reported Earnings • Aug 06
First quarter 2022 earnings released: EPS JP¥24.65 (vs JP¥34.89 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¥141.7b (up 42% from 1Q 2021). Net income: JP¥5.62b (up JP¥13.8b from 1Q 2021). Profit margin: 4.0% (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 30% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Jun 03
Investor sentiment improved over the past week After last week's 18% share price gain to JP¥7.00, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 14x in the Auto Components industry in Europe. Total loss to shareholders of 14% over the past three years. Reported Earnings • May 18
Full year 2021 earnings released: EPS JP¥40.45 (vs JP¥19.46 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¥572.6b (down 14% from FY 2020). Net income: JP¥9.40b (up 104% from FY 2020). Profit margin: 1.6% (up from 0.7% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance. Tillkännagivande • May 15
NHK Spring Co., Ltd. Announces Dividend for the Year Ended March 31, 2021, Payable on June 28, 2021 NHK Spring Co., Ltd. announced year-end dividend of JPY 17.00 per share for the year ended March 31, 2021 compared to JPY 17.00 per share paid a year ago. Payment of cash dividend is June 28, 2021. Reported Earnings • Feb 06
Third quarter 2021 earnings released: EPS JP¥34.58 (vs JP¥21.98 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¥163.3b (down 3.6% from 3Q 2020). Net income: JP¥8.06b (up 55% from 3Q 2020). Profit margin: 4.9% (up from 3.1% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 98% 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. Is New 90 Day High Low • Feb 03
New 90-day high: €5.85 The company is up 16% from its price of €5.05 on 05 November 2020. The German market is also up 16% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Auto Components industry, which is up 25% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.10 per share. Is New 90 Day High Low • Jan 13
New 90-day high: €5.80 The company is up 10.0% from its price of €5.25 on 14 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Auto Components industry, which is up 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.11 per share. Is New 90 Day High Low • Dec 17
New 90-day high: €5.70 The company is up 4.0% from its price of €5.50 on 18 September 2020. The German market is also up 4.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Auto Components industry, which is up 23% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.12 per share. Tillkännagivande • Dec 05
NHK Spring Co., Ltd. to Report Q3, 2021 Results on Feb 04, 2021 NHK Spring Co., Ltd. announced that they will report Q3, 2021 results on Feb 04, 2021 Is New 90 Day High Low • Nov 10
New 90-day low: €4.86 The company is down 7.0% from its price of €5.20 on 12 August 2020. The German market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components 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 €0.89 per share. Reported Earnings • Nov 07
Second quarter 2021 earnings released: EPS JP¥0.90 The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥136.3b (down 16% from 2Q 2020). Net income: JP¥209.0m (down 85% from 2Q 2020). Profit margin: 0.2% (down from 0.9% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 93% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Tillkännagivande • Sep 13
NHK Spring Co., Ltd. to Report Q2, 2021 Results on Nov 05, 2020 NHK Spring Co., Ltd. announced that they will report Q2, 2021 results on Nov 05, 2020 
