Valuation Update With 7 Day Price Move • Jul 03
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €31.80, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 13x in the Machinery industry in Germany. Total returns to shareholders of 78% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €32.48 per share. Upcoming Dividend • Jun 25
Upcoming dividend of JP¥41.00 per share Eligible shareholders must have bought the stock before 29 June 2026. Payment date: 31 August 2026. Payout ratio is a comfortable 58% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (3.0%). Valuation Update With 7 Day Price Move • Jun 10
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €25.00, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 13x in the Machinery industry in Germany. Total returns to shareholders of 24% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €30.76 per share. Declared Dividend • May 21
Dividend of JP¥41.00 announced Shareholders will receive a dividend of JP¥41.00. Ex-date: 29th June 2026 Payment date: 31st August 2026 Dividend yield will be 150%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is covered by both earnings (58% earnings payout ratio) and cash flows (54% cash payout ratio). The dividend has increased by an average of 6.4% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 52% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Tillkännagivande • May 06
Nabtesco Corporation to Report Q2, 2026 Results on Jul 31, 2026 Nabtesco Corporation announced that they will report Q2, 2026 results on Jul 31, 2026 Tillkännagivande • Feb 25
Nabtesco Corporation to Report Q1, 2026 Results on Apr 30, 2026 Nabtesco Corporation announced that they will report Q1, 2026 results on Apr 30, 2026 Tillkännagivande • Feb 12
Nabtesco Corporation, Annual General Meeting, Mar 26, 2026 Nabtesco Corporation, Annual General Meeting, Mar 26, 2026. Board Change • Dec 30
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Executive Officer of Corp. Plan., Accounting & Finance, Info. Systems, and Corp. Comm. and Director Hiroshi Usui was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • Dec 12
Nabtesco Corporation to Report Fiscal Year 2025 Results on Feb 12, 2026 Nabtesco Corporation announced that they will report fiscal year 2025 results on Feb 12, 2026 Tillkännagivande • Nov 28
Nabtesco Corporation Announces Directors and Executive Officers Retirements, Effective Late March 2026 Nabtesco Corporation announced Directors scheduled for retirement are Kiyoshi Ando - Director; Toshiya Takahata - Outside Director. Scheduled date: Late March 2026. Executive Officers scheduled for retirement: Norimasa Takagi - Managing Executive Officer; Kiyoshi Ando - Executive Officer. Scheduled to retire Executive Officer after the 23rd Ordinary General Meeting of Shareholders, scheduled to be held in late March 2026. Tillkännagivande • Aug 09
Nabtesco Corporation to Report Q3, 2025 Results on Oct 31, 2025 Nabtesco Corporation announced that they will report Q3, 2025 results on Oct 31, 2025 Tillkännagivande • Jul 31
Nabtesco Corporation (TSE:6268) announces an Equity Buyback for 4,000,000 shares, representing 3.3% for ¥10,000 million. Nabtesco Corporation (TSE:6268) announces a share repurchase program. Under the program, the company will repurchase up to 4,000,000 shares, representing 3.3% of its issued share capital (excluding treasury stock), for a total purchase price of ¥10,000 million. The purpose of the program is to acquire its own shares in order to increase the shareholder value per share and to improve capital efficiency. The shares repurchased will be cancelled. The program will continue through December 30, 2025. As of December 31, 2020, the company had 121,064,099 issued shares (excluding treasury stock) and 421,044 treasury shares. Tillkännagivande • May 03
Nabtesco Corporation to Report Q2, 2025 Results on Jul 31, 2025 Nabtesco Corporation announced that they will report Q2, 2025 results on Jul 31, 2025 Tillkännagivande • Mar 11
Nabtesco Corporation to Report Q1, 2025 Results on Apr 30, 2025 Nabtesco Corporation announced that they will report Q1, 2025 results on Apr 30, 2025 Tillkännagivande • Feb 12
Nabtesco Corporation, Annual General Meeting, Mar 26, 2025 Nabtesco Corporation, Annual General Meeting, Mar 26, 2025. Tillkännagivande • Dec 02
Nabtesco Corporation Announces Executive Changes, Effective January 1, 2025 Nabtesco Corporation hereby announced the following partial corrections to the information in the "New Management Structure and Changes in Officers" disclosed on November 29, 2024. Reason for correction: After the announcement of the "New Management Structure and Changes in Officers," it was discovered that new duties for Hiroki Higuchi. Management Structure and dutieswas incorrect. The corrected information is underlined. [After corrections] January 1, 2025: Management Structure and duties: Michihito Suzuki promoted to President, Railroad Products Company from Managing Executive Officer. Appointed Masaru Sakamoto as Director, Nabtesco Automotive Corporation. Post: Executive Officer. Appointed Masaru Sakamoto as Director, Nabtesco Automotive Corporation. Post: Executive Officer. Appointed Atsushi Takabatake as Director, PACRAFT Co. Ltd. Post: Executive Officer. Tillkännagivande • Nov 10
Nabtesco Corporation to Report Fiscal Year 2024 Results on Feb 12, 2025 Nabtesco Corporation announced that they will report fiscal year 2024 results on Feb 12, 2025 New Risk • Nov 03
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 32% 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: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 139% Paying a dividend despite having no free cash flows. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.2% net profit margin). Reported Earnings • Nov 02
Third quarter 2024 earnings released: EPS: JP¥12.11 (vs JP¥32.00 in 3Q 2023) Third quarter 2024 results: EPS: JP¥12.11 (down from JP¥32.00 in 3Q 2023). Revenue: JP¥77.3b (down 4.0% from 3Q 2023). Net income: JP¥1.46b (down 62% from 3Q 2023). Profit margin: 1.9% (down from 4.8% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has fallen by 45% 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 04
Nabtesco Corporation to Report Q3, 2024 Results on Oct 31, 2024 Nabtesco Corporation announced that they will report Q3, 2024 results on Oct 31, 2024 Valuation Update With 7 Day Price Move • Aug 07
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to €14.00, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 11x in the Machinery industry in Germany. Total loss to shareholders of 54% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €9.82 per share. Reported Earnings • Aug 02
Second quarter 2024 earnings released: EPS: JP¥13.02 (vs JP¥22.93 in 2Q 2023) Second quarter 2024 results: EPS: JP¥13.02 (down from JP¥22.93 in 2Q 2023). Revenue: JP¥80.3b (flat on 2Q 2023). Net income: JP¥1.56b (down 43% from 2Q 2023). Profit margin: 1.9% (down from 3.4% in 2Q 2023). Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Declared Dividend • Aug 02
First half dividend of JP¥40.00 announced Shareholders will receive a dividend of JP¥40.00. Ex-date: 27th December 2024 Payment date: 27th March 2025 Dividend yield will be 253%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is not covered by earnings (103% earnings payout ratio) and 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 7.7% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 15% to bring the payout ratio under control. EPS is expected to grow by 81% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Tillkännagivande • May 18
Nabtesco Corporation to Report Q2, 2024 Results on Jul 31, 2024 Nabtesco Corporation announced that they will report Q2, 2024 results on Jul 31, 2024 Reported Earnings • May 01
First quarter 2024 earnings released: EPS: JP¥21.99 (vs JP¥55.81 in 1Q 2023) First quarter 2024 results: EPS: JP¥21.99 (down from JP¥55.81 in 1Q 2023). Revenue: JP¥72.2b (down 12% from 1Q 2023). Net income: JP¥2.64b (down 61% from 1Q 2023). Profit margin: 3.7% (down from 8.2% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 44 percentage points per year, which is a significant difference in performance. Declared Dividend • Apr 11
Final dividend of JP¥40.00 announced Shareholders will receive a dividend of JP¥40.00. Ex-date: 27th June 2024 Payment date: 2nd September 2024 Dividend yield will be 261%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is covered by earnings (78% 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 7.7% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 45% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Tillkännagivande • Feb 28
Nabtesco Corporation to Report Q1, 2024 Results on Apr 30, 2024 Nabtesco Corporation announced that they will report Q1, 2024 results on Apr 30, 2024 Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €14.90, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 12x in the Machinery industry in Germany. Total loss to shareholders of 57% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €13.41 per share. Reported Earnings • Feb 14
Full year 2023 earnings released: EPS: JP¥121 (vs JP¥78.87 in FY 2022) Full year 2023 results: EPS: JP¥121 (up from JP¥78.87 in FY 2022). Revenue: JP¥333.6b (up 8.1% from FY 2022). Net income: JP¥14.6b (up 54% from FY 2022). Profit margin: 4.4% (up from 3.1% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Dec 21
Upcoming dividend of JP¥40.00 per share at 2.8% yield Eligible shareholders must have bought the stock before 28 December 2023. Payment date: 25 March 2024. Payout ratio is on the higher end at 78% but the company is not cash flow positive. Trailing yield: 2.8%. Lower than top quartile of German dividend payers (5.1%). In line with average of industry peers (2.7%). Tillkännagivande • Dec 05
Nabtesco Corporation Announces New Management Structure and Changes in Officers Nabtesco Corporation announced the new management structure and changes in officers follows: Atsushi Habe current post: Managing Executive Officer new post: Senior Managing Executive Officer. Isao Ohashi current post: Corporate Officer new post: Executive Officer. Sakiko Honda current post: Corporate Officer new post: Executive Officer. Masaru Sasaki current post: Corporate Officer new post: Executive Officer. Norimasa Takagi current post: Executive Officer new post: Managing Executive Officer. All the changes are effective from January 1, 2024. Tillkännagivande • Nov 17
Nabtesco Corporation to Report Fiscal Year 2023 Results on Feb 13, 2024 Nabtesco Corporation announced that they will report fiscal year 2023 results on Feb 13, 2024 Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: JP¥32.00 (vs JP¥131 in 3Q 2022) Third quarter 2023 results: EPS: JP¥32.00 (down from JP¥131 in 3Q 2022). Revenue: JP¥80.6b (up 5.0% from 3Q 2022). Net income: JP¥3.84b (down 76% from 3Q 2022). Profit margin: 4.8% (down from 21% in 3Q 2022). Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Tillkännagivande • Sep 03
Nabtesco Corporation to Report Q3, 2023 Results on Oct 31, 2023 Nabtesco Corporation announced that they will report Q3, 2023 results on Oct 31, 2023 Reported Earnings • Aug 01
Second quarter 2023 earnings released: EPS: JP¥22.94 (vs JP¥5.99 loss in 2Q 2022) Second quarter 2023 results: EPS: JP¥22.94 (up from JP¥5.99 loss in 2Q 2022). Revenue: JP¥80.8b (up 13% from 2Q 2022). Net income: JP¥2.75b (up JP¥3.47b from 2Q 2022). Profit margin: 3.4% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Jun 22
Upcoming dividend of JP¥40.00 per share at 2.4% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 31 August 2023. Payout ratio is a comfortable 46% but the company is not cash flow positive. Trailing yield: 2.4%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (2.8%). Tillkännagivande • Jun 01
Nabtesco Corporation to Report First Half, 2023 Results on Jul 31, 2023 Nabtesco Corporation announced that they will report first half, 2023 results on Jul 31, 2023 Reported Earnings • Mar 28
Full year 2022 earnings released Full year 2022 results: Revenue: JP¥308.7b (up 3.0% from FY 2021). Net income: JP¥9.46b (down 85% from FY 2021). Profit margin: 3.1% (down from 22% in FY 2021). Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Board Change • Mar 02
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Chairman of the Board Katsuhiro Teramoto was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • Feb 12
Nabtesco Corporation, Annual General Meeting, Mar 23, 2023 Nabtesco Corporation, Annual General Meeting, Mar 23, 2023. Reported Earnings • Nov 17
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: JP¥76.7b (up 12% from 3Q 2021). Net income: (up JP¥4.98b from 3Q 2021). Profit margin: 0% (up from net loss in 3Q 2021). Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Board Change • Nov 16
High number of new and inexperienced directors There are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. 3 experienced directors. No highly experienced directors. Independent Outside Director Norio Uchida is the most experienced director on the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Tillkännagivande • Nov 16
J.P. Morgan Securities plc and Nomura Securities Co., Ltd. acquired a 9.64% stake in Harmonic Drive Systems Inc. (TSE:6324) from Nabtesco Corporation (TSE:6268) for ¥47.3 billion. J.P. Morgan Securities plc and Nomura Securities Co., Ltd. acquired a 9.64% stake in Harmonic Drive Systems Inc. (TSE:6324) from Nabtesco Corporation (TSE:6268) for ¥47.3 billion on November 15, 2022. As part of the transaction, J.P. Morgan Securities and Nomura Securities acquires 9,160,200 shares. Post completion, Nabtesco will cease to have any stake in Harmonic Drive. Nabtesco expects to record gains on sale of investment securities of approximately ¥45.7 billion as extraordinary gains in its non-consolidated financial statements (under Japanese GAAP) for the fiscal year ending December 31, 2022.
J.P. Morgan Securities plc and Nomura Securities Co., Ltd. completed the acquisition of a 9.64% stake in Harmonic Drive Systems Inc. (TSE:6324) from Nabtesco Corporation (TSE:6268) on November 15, 2022. Buying Opportunity • Nov 11
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 15%. The fair value is estimated to be €26.33, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 4.9% per annum. Earnings is also forecast to grow by 12% per annum over the same time period. Reported Earnings • Nov 02
Third quarter 2022 earnings released: EPS: JP¥131 (vs JP¥41.48 loss in 3Q 2021) Third quarter 2022 results: EPS: JP¥131 (up from JP¥41.48 loss in 3Q 2021). Revenue: JP¥76.7b (up 12% from 3Q 2021). Net income: JP¥15.7b (up JP¥20.7b from 3Q 2021). Profit margin: 21% (up from net loss in 3Q 2021). Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 8% per year, which means it is performing significantly worse than earnings. Tillkännagivande • Sep 04
Nabtesco Corporation to Report Q3, 2022 Results on Oct 31, 2022 Nabtesco Corporation announced that they will report Q3, 2022 results on Oct 31, 2022 Reported Earnings • Jul 31
Second quarter 2022 earnings released: JP¥5.98 loss per share (vs JP¥99.16 loss in 2Q 2021) Second quarter 2022 results: JP¥5.98 loss per share (up from JP¥99.16 loss in 2Q 2021). Revenue: JP¥71.8b (down 2.5% from 2Q 2021). Net loss: JP¥718.0m (loss narrowed 94% from 2Q 2021). Over the next year, revenue is forecast to grow 8.2%, compared to a 9.5% growth forecast for the industry in Germany. 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 1% per year, which means it is significantly lagging earnings. Tillkännagivande • Jun 23
Nabtesco Corporation to Report Q2, 2022 Results on Jul 29, 2022 Nabtesco Corporation announced that they will report Q2, 2022 results on Jul 29, 2022 Upcoming Dividend • Jun 22
Upcoming dividend of JP¥39.00 per share Eligible shareholders must have bought the stock before 29 June 2022. Payment date: 31 August 2022. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 2.4%. Lower than top quartile of German dividend payers (4.4%). Lower than average of industry peers (2.7%). Reported Earnings • Apr 30
First quarter 2022 earnings released: JP¥36.57 loss per share (vs JP¥648 profit in 1Q 2021) First quarter 2022 results: JP¥36.57 loss per share (down from JP¥648 profit in 1Q 2021). Revenue: JP¥70.4b (down 2.3% from 1Q 2021). Net loss: JP¥4.39b (down 106% from profit in 1Q 2021). Over the next year, revenue is forecast to grow 8.4%, compared to a 9.9% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Board Change • Apr 27
Less than half of directors are independent There are 9 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 9 new directors. 3 experienced directors. No highly experienced directors. 4 independent directors (6 non-independent directors). Independent Outside Director Norio Uchida is the most experienced director on the board, commencing their role in 2015. Independent Outside Director Naoki Hidaka was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Feb 11
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: JP¥535 (up from JP¥165 in FY 2020). Revenue: JP¥299.8b (up 7.3% from FY 2020). Net income: JP¥64.8b (up 216% from FY 2020). Profit margin: 22% (up from 7.3% in FY 2020). The increase in margin was primarily driven by lower expenses. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 6.3%, compared to a 10% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Feb 11
Nabtesco Corporation, Annual General Meeting, Mar 24, 2022 Nabtesco Corporation, Annual General Meeting, Mar 24, 2022. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥39.00 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 24 March 2022. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of German dividend payers (3.3%). Higher than average of industry peers (1.2%). Reported Earnings • Oct 30
Third quarter 2021 earnings released: JP¥41.41 loss per share (vs JP¥29.24 profit in 3Q 2020) The company reported a soft third quarter result with weaker earnings and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: JP¥68.4b (up 8.0% from 3Q 2020). Net loss: JP¥4.98b (down 237% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 01
Second quarter 2021 earnings released: JP¥99.17 loss per share (vs JP¥34.57 profit in 2Q 2020) The company reported a soft second quarter result with weaker earnings and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: JP¥73.7b (up 8.6% from 2Q 2020). Net loss: JP¥12.0b (down 380% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 22
Upcoming dividend of JP¥38.00 per share Eligible shareholders must have bought the stock before 29 June 2021. Payment date: 31 August 2021. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (3.1%). Higher than average of industry peers (1.0%). Reported Earnings • May 20
First quarter 2021 earnings released First quarter 2021 results: Revenue: JP¥72.0b (up 5.0% from 1Q 2020). Net income: JP¥80.1b (up JP¥75.0b from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Reported Earnings • May 04
First quarter 2021 earnings released: EPS JP¥648 (vs JP¥41.09 in 1Q 2020) First quarter 2021 results: Revenue: JP¥72.0b (up 5.0% from 1Q 2020). Net income: JP¥80.1b (up JP¥75.0b from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 30
Full year 2020 earnings released: EPS JP¥165 (vs JP¥144 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: JP¥279.4b (down 3.6% from FY 2019). Net income: JP¥20.5b (up 14% from FY 2019). Profit margin: 7.3% (up from 6.2% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Tillkännagivande • Mar 19
Nabtesco Corporation to Report Q1, 2021 Results on Apr 30, 2021 Nabtesco Corporation announced that they will report Q1, 2021 results on Apr 30, 2021 Reported Earnings • Feb 13
Full year 2020 earnings released: EPS JP¥165 (vs JP¥144 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: JP¥279.4b (down 3.6% from FY 2019). Net income: JP¥20.5b (up 14% from FY 2019). Profit margin: 7.3% (up from 6.2% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Feb 13
Revenue beats expectations Revenue exceeded analyst estimates by 1.4%. Over the next year, revenue is forecast to grow 6.0%, compared to a 5.0% growth forecast for the Machinery industry in Germany. Tillkännagivande • Feb 12
Nabtesco Corporation, Annual General Meeting, Mar 23, 2021 Nabtesco Corporation, Annual General Meeting, Mar 23, 2021. Is New 90 Day High Low • Jan 05
New 90-day high: €37.00 The company is up 17% from its price of €31.60 on 07 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €27.68 per share. Is New 90 Day High Low • Dec 22
New 90-day high: €35.80 The company is up 12% from its price of €32.00 on 22 September 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Machinery industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €27.59 per share. Tillkännagivande • Dec 19
Nabtesco Corporation to Report Fiscal Year 2020 Results on Feb 10, 2021 Nabtesco Corporation announced that they will report fiscal year 2020 results on Feb 10, 2021 Is New 90 Day High Low • Nov 09
New 90-day high: €32.60 The company is up 26% from its price of €25.80 on 11 August 2020. The German market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €22.70 per share. Reported Earnings • Nov 01
Third quarter earnings released Over the last 12 months the company has reported total profits of JP¥18.7b, down 6.5% from the prior year. Total revenue was JP¥278.2b over the last 12 months, down 5.7% from the prior year. Analyst Estimate Surprise Post Earnings • Nov 01
Third-quarter earnings released: Revenue misses expectations Third-quarter revenue missed analyst estimates by 4.4% at JP¥63.3b. Revenue is forecast to grow 5.4% over the next year, while the growth in Machinery industry in Germany is expected to stay flat. Is New 90 Day High Low • Oct 08
New 90-day high: €32.20 The company is up 18% from its price of €27.40 on 10 July 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €22.55 per share. Tillkännagivande • Sep 12
Nabtesco Corporation to Report Q3, 2020 Results on Oct 30, 2020 Nabtesco Corporation announced that they will report Q3, 2020 results on Oct 30, 2020 
