Reported Earnings • Aug 07
First quarter 2027 earnings released: EPS: JP¥10.07 (vs JP¥10.08 in 1Q 2026) First quarter 2027 results: EPS: JP¥10.07 (down from JP¥10.08 in 1Q 2026). Revenue: JP¥63.7b (up 2.6% from 1Q 2026). Net income: JP¥5.09b (down 1.8% from 1Q 2026). Profit margin: 8.0% (down from 8.4% in 1Q 2026). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 10.0% growth forecast for the Electronic industry in Germany. 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 5% per year, which means it is significantly lagging earnings growth. Declared Dividend • Jul 31
Final dividend of JP¥31.00 announced Shareholders will receive a dividend of JP¥31.00. Ex-date: 29th September 2026 Payment date: 7th December 2026 Dividend yield will be 346%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (42% earnings payout ratio) and cash flows (63% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 9.3% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Board Change • Jul 22
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Junichi Nishizawa was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • Jun 26
Azbil Corporation to Report Q1, 2027 Results on Aug 06, 2026 Azbil Corporation announced that they will report Q1, 2027 results on Aug 06, 2026 Tillkännagivande • May 15
Azbil Corporation (TSE:6845) announces an Equity Buyback for 32,000,000 shares, representing 6.18% for ¥20,000 million. Azbil Corporation (TSE:6845) announces a share repurchase program. Under the program, the company will repurchase up to 32,000,000 shares, representing 6.18% of its issued share capital, for ¥20,000 million. The purpose of the program is to improve capital efficiency and also to enhance the return of profits to shareholders and develop flexible capital policies responding to changes in the corporate environment. The program is valid till October 30, 2026 As of March 31, 2026, the company had 517,850,091 outstanding shares (excluding treasury stock) and 23,522,645 treasury shares. Tillkännagivande • May 13
Azbil Corporation, Annual General Meeting, Jun 24, 2026 Azbil Corporation, Annual General Meeting, Jun 24, 2026. Tillkännagivande • Mar 26
Azbil Corporation to Report Fiscal Year 2026 Results on May 13, 2026 Azbil Corporation announced that they will report fiscal year 2026 results on May 13, 2026 Tillkännagivande • Dec 24
Azbil Corporation to Report Q3, 2026 Results on Feb 06, 2026 Azbil Corporation announced that they will report Q3, 2026 results on Feb 06, 2026 Tillkännagivande • Sep 25
Azbil Corporation to Report Q2, 2026 Results on Nov 05, 2025 Azbil Corporation announced that they will report Q2, 2026 results on Nov 05, 2025 Tillkännagivande • Jun 13
Azbil Corporation to Report Q1, 2026 Results on Aug 05, 2025 Azbil Corporation announced that they will report Q1, 2026 results on Aug 05, 2025 Tillkännagivande • May 14
Azbil Corporation (TSE:6845) announces an Equity Buyback for 24,000,000 shares, representing 4.54% for ¥15,000 million. Azbil Corporation (TSE:6845) announces a share repurchase program. Under the program, the company will repurchase up to 24,000,000 shares, representing 4.54% of its issued share capital, for ¥15,000 million. The purpose of the program is to to improve capital efficiency but also to enhance the return of profits to shareholders and develop flexible capital policies responding to changes in the corporate environment. The program is valid till October 29, 2025. As of March 31, 2025, the company had 528,688,860 outstanding shares (excluding treasury stock) and 31,983,876 treasury shares. Tillkännagivande • May 13
Azbil Corporation, Annual General Meeting, Jun 25, 2025 Azbil Corporation, Annual General Meeting, Jun 25, 2025. Tillkännagivande • Mar 08
Azbil Corporation to Report Fiscal Year 2025 Results on May 13, 2025 Azbil Corporation announced that they will report fiscal year 2025 results on May 13, 2025 Buy Or Sell Opportunity • Nov 11
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 17% to €7.75. The fair value is estimated to be €6.28, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.5% over the last 3 years. Earnings per share has grown by 28%. For the next 3 years, revenue is forecast to grow by 2.3% per annum. Earnings are also forecast to grow by 4.6% per annum over the same time period. Reported Earnings • Nov 10
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: JP¥73.7b (up 4.3% from 2Q 2024). Net income: JP¥6.06b (down 26% from 2Q 2024). Profit margin: 8.2% (down from 12% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Tillkännagivande • Nov 08
Azbil Corporation (TSE:6845) announces an Equity Buyback for 24,000,000 shares, representing 4.47% for ¥15,000 million. Azbil Corporation (TSE:6845) announces a share repurchase program. Under the program, the company will repurchase up to 24,000,000 shares, representing 4.47% of its issued share capital, for ¥15,000 million. The purpose of the program is to improve capital efficiency, to enable further return of profits to shareholders and the implementation of a flexible capital policy in response to changes in the corporate environment. The program is valid till March 24, 2025. As of September 30, 2024, the company had 537,436,788 outstanding shares (excluding treasury stock) and 28,595,948 treasury shares. Tillkännagivande • Oct 15
Azbil Corporation Revises Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2025 Azbil Corporation revised consolidated earnings guidance for the fiscal year ending March 31, 2025. For the year, the company expects Net sales of JPY 300,000 million compared to the previous forecast of JPY 300,000 million, Operating income of JPY 39,000 million compared to the previous forecast of JPY 37,500 million, Net income attributable to owners of parent of JPY 37,000 million compared to the previous forecast of JPY 28,000 million and Net income per share of JPY 70.05 compared to the previous forecast of JPY 53.10. Reasons for the revision to the forecast of consolidated financial results: Regarding the forecast of consolidated financial results for the fiscal year ending March 31, 2025, there is an impact to full-year consolidated net sales and consolidated operating income due to the exclusion of Azbil Telstar from the Company's scope of the consolidation following the transfer of the equity interests in Azbil Telstar. However, owing to the progress of initiatives to improve profitability including cost pass- throughs in each of businesses, in addition to steady progress in the existing building and service fields in the Building Automation business, while keep the forecast for consolidated net sales unchanged. Consequently, net income attributable to owners of parent is also expected to be higher than the previous forecast. Tillkännagivande • Sep 26
Azbil Corporation to Report Q2, 2025 Results on Nov 08, 2024 Azbil Corporation announced that they will report Q2, 2025 results on Nov 08, 2024 Upcoming Dividend • Sep 20
Upcoming dividend of JP¥44.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 09 December 2024. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of German dividend payers (4.8%). In line with average of industry peers (1.8%). Board Change • Aug 30
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Outside Director Hiroshi Yoshida was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 12
First quarter 2025 earnings released: EPS: JP¥37.01 (vs JP¥27.81 in 1Q 2024) First quarter 2025 results: EPS: JP¥37.01 (up from JP¥27.81 in 1Q 2024). Revenue: JP¥65.5b (up 7.1% from 1Q 2024). Net income: JP¥4.88b (up 32% from 1Q 2024). Profit margin: 7.4% (up from 6.1% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Tillkännagivande • Aug 09
Azbil Corporation Provides Dividend Guidance for the Second Quarter End and Fiscal Year- End of Year Ending March 31, 2025 Azbil Corporation provided dividend guidance for the second quarter and Fiscal year- end of Year ending March 31, 2025. For the second quarter end, company expects dividend of JPY 44.00 per share compared to JPY 36.50 per share a year ago.
For the year-end ending March 31, 2025, company expects dividend of JPY 11.00 per share compared to JPY 39.50 per share a year ago.
Azbil Corporation ("the Company") has resolved, at the Board of Directors held on May 13, 2024, to implement a 4-for-1 common stock split effective on October 1, 2024. As regards dividend per share for the year ending March 31, 2025 (forecast). New Risk • Aug 06
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 7.7% 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 (7.7% average weekly change). Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to €20.80, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 15x in the Electronic industry in Germany. Total loss to shareholders of 35% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €26.54 per share. Buy Or Sell Opportunity • Aug 06
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 21% to €20.80. The fair value is estimated to be €26.54, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.5% over the last 3 years. Earnings per share has grown by 18%. For the next 3 years, revenue is forecast to grow by 2.5% per annum. Earnings are also forecast to grow by 3.4% per annum over the same time period. Declared Dividend • Jul 11
Final dividend of JP¥44.00 announced Shareholders will receive a dividend of JP¥44.00. Ex-date: 27th September 2024 Payment date: 9th December 2024 Dividend yield will be 176%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (33% earnings payout ratio) and cash flows (58% 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 12% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Jul 05
Now 21% overvalued Over the last 90 days, the stock has fallen 1.6% to €25.20. The fair value is estimated to be €20.80, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.5% over the last 3 years. Earnings per share has grown by 18%. For the next 3 years, revenue is forecast to grow by 2.6% per annum. Earnings are also forecast to grow by 3.6% per annum over the same time period. Tillkännagivande • Jun 21
Azbil Corporation to Report Q1, 2025 Results on Aug 07, 2024 Azbil Corporation announced that they will report Q1, 2025 results on Aug 07, 2024 Buy Or Sell Opportunity • Jun 12
Now 21% overvalued The stock has been flat over the last 90 days, currently trading at €25.00. The fair value is estimated to be €20.73, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.5% over the last 3 years. Earnings per share has grown by 18%. For the next 3 years, revenue is forecast to grow by 3.0% per annum. Earnings are also forecast to grow by 3.8% per annum over the same time period. Tillkännagivande • Jun 08
Syntegon Technology GmbH reached an agreement to acquire AZBIL TELSTAR, S.L.U. from Azbil Corporation (TSE:6845). Syntegon Technology GmbH reached an agreement to acquire AZBIL TELSTAR, S.L.U. from Azbil Corporation (TSE:6845) on June 6, 2024. As part of the agreement, Syntegon will acquire 100% stake in AZBIL TELSTAR. For the period ending December 31, 2023, AZBIL TELSTAR, S.L.U. reported consolidated sales of €125.67 million, consolidated operating income of €6.91 million, consolidated total assets of €90.98 million and consolidated net assets of €19.66 million. Reported Earnings • May 16
Full year 2024 earnings released: EPS: JP¥228 (vs JP¥168 in FY 2023) Full year 2024 results: EPS: JP¥228 (up from JP¥168 in FY 2023). Revenue: JP¥290.9b (up 4.5% from FY 2023). Net income: JP¥30.2b (up 34% from FY 2023). Profit margin: 10% (up from 8.1% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. 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 7% per year, which means it is significantly lagging earnings. Tillkännagivande • May 16
Azbil Corporation, Annual General Meeting, Jun 25, 2024 Azbil Corporation, Annual General Meeting, Jun 25, 2024. Buy Or Sell Opportunity • Apr 05
Now 26% overvalued Over the last 90 days, the stock has fallen 7.6% to €26.80. The fair value is estimated to be €21.30, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.0% over the last 3 years. Earnings per share has grown by 15%. For the next 3 years, revenue is forecast to grow by 1.1% per annum. Earnings are forecast to decline by 1.7% per annum over the same time period. Tillkännagivande • Mar 27
Azbil Corporation to Report Fiscal Year 2024 Results on May 13, 2024 Azbil Corporation announced that they will report fiscal year 2024 results on May 13, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥36.50 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 28 June 2024. Payout ratio is a comfortable 30% but the company is paying out more than the cash it is generating. Trailing yield: 1.7%. Lower than top quartile of German dividend payers (4.9%). Higher than average of industry peers (1.5%). Buy Or Sell Opportunity • Mar 13
Now 20% overvalued Over the last 90 days, the stock has fallen 14% to €25.00. The fair value is estimated to be €20.77, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.0% over the last 3 years. Earnings per share has grown by 15%. For the next 3 years, revenue is forecast to grow by 1.0% per annum. Earnings are forecast to decline by 2.0% per annum over the same time period. Reported Earnings • Feb 11
Third quarter 2024 earnings released: EPS: JP¥54.94 (vs JP¥33.65 in 3Q 2023) Third quarter 2024 results: EPS: JP¥54.94 (up from JP¥33.65 in 3Q 2023). Revenue: JP¥73.5b (up 4.8% from 3Q 2023). Net income: JP¥7.23b (up 61% from 3Q 2023). Profit margin: 9.8% (up from 6.4% in 3Q 2023). Revenue is forecast to grow 1.0% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. New Risk • Feb 09
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.2% 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. New Risk • Dec 27
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. Tillkännagivande • Dec 14
Azbil Corporation to Report Q3, 2024 Results on Feb 08, 2024 Azbil Corporation announced that they will report Q3, 2024 results on Feb 08, 2024 Reported Earnings • Nov 08
Second quarter 2024 earnings released: EPS: JP¥62.24 (vs JP¥29.71 in 2Q 2023) Second quarter 2024 results: EPS: JP¥62.24 (up from JP¥29.71 in 2Q 2023). Revenue: JP¥70.7b (up 8.8% from 2Q 2023). Net income: JP¥8.23b (up 107% from 2Q 2023). Profit margin: 12% (up from 6.1% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic 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 7% per year, which means it is significantly lagging earnings. Tillkännagivande • Sep 27
Azbil Corporation to Report Q2, 2024 Results on Nov 07, 2023 Azbil Corporation announced that they will report Q2, 2024 results on Nov 07, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of JP¥36.50 per share at 1.6% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 11 December 2023. Payout ratio is a comfortable 36% but the company is paying out more than the cash it is generating. Trailing yield: 1.6%. Lower than top quartile of German dividend payers (4.8%). In line with average of industry peers (1.5%). Board Change • Aug 17
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Outside Director Shigeaki Yoshikawa 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. Reported Earnings • Aug 09
First quarter 2024 earnings released: EPS: JP¥27.81 (vs JP¥15.19 in 1Q 2023) First quarter 2024 results: EPS: JP¥27.81 (up from JP¥15.19 in 1Q 2023). Revenue: JP¥61.2b (up 9.2% from 1Q 2023). Net income: JP¥3.71b (up 79% from 1Q 2023). Profit margin: 6.1% (up from 3.7% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. 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 2% per year, which means it is significantly lagging earnings. Tillkännagivande • Jun 26
Azbil Corporation to Report Q1, 2024 Results on Aug 08, 2023 Azbil Corporation announced that they will report Q1, 2024 results on Aug 08, 2023 Reported Earnings • May 18
Full year 2023 earnings released: EPS: JP¥168 (vs JP¥151 in FY 2022) Full year 2023 results: EPS: JP¥168 (up from JP¥151 in FY 2022). Revenue: JP¥278.4b (up 8.5% from FY 2022). Net income: JP¥22.6b (up 8.7% from FY 2022). Profit margin: 8.1% (in line with FY 2022). Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 7% per year. Valuation Update With 7 Day Price Move • May 15
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €29.00, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 15x in the Electronic industry in Germany. Total returns to shareholders of 33% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €14.89 per share. Tillkännagivande • May 14
Azbil Corporation (TSE:6845) announces an Equity Buyback for 4,000,000 shares, representing 2.93% for ¥10,000 million. Azbil Corporation (TSE:6845) announces a share repurchase program. Under the program, the company will repurchase up to 4,000,000 shares, representing 2.93% of its issued share capital (excluding treasury stock), for a total purchase price of ¥10,000 million. The purpose of the program is to enable the execution of a flexible capital policy that responds to changes in the corporate environment. Repurchased shares will be cancelled. The program will be valid till September 22, 2023. As of March 31, 2023, the company had 136,552,663 issued shares (excluding treasury stock) and 7,148,221 treasury shares. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥32.50 per share at 1.9% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 26 June 2023. Payout ratio is a comfortable 44% but the company is not cash flow positive. Trailing yield: 1.9%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (1.0%). Reported Earnings • Feb 09
Third quarter 2023 earnings released: EPS: JP¥33.65 (vs JP¥36.82 in 3Q 2022) Third quarter 2023 results: EPS: JP¥33.65 (down from JP¥36.82 in 3Q 2022). Revenue: JP¥70.1b (up 9.6% from 3Q 2022). Net income: JP¥4.49b (down 11% from 3Q 2022). Profit margin: 6.4% (down from 7.9% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 1% per year. Tillkännagivande • Feb 03
Azbil Corporation Launches New Sapphire Capacitance Diaphragm Gauges with Mems Processing Technology to Enhance Resistance to Deposition Azbil Corporation announced the availability as of January 25 of its model V8 sapphire capacitance diaphragm gauges, which employ MEMS processing technology to enhance resistance to deposition on the sensor. As part of the continuing evolution of semiconductor manufacturing, the front-end film deposition and etching processes now use a wider variety of gases. Depending on the process gas used, film deposits may form on the sensor diaphragm of the vacuum gauge used in these processes, resulting in a shift of its zero point. Such a shift causes operators of film deposition and etching equipment to adjust the vacuum gauge more frequently, interfering with manufacturing plans. Azbil has in the past developed products to deal with this problem, which continues to occur with the use of new gases. In seeking a better solution, Azbil has thoroughly redesigned its current sapphire capacitance diaphragm gauge and released the model V8, which has a sensor with a new structure, flow path, etc. MEMS technology is used to make the sensor chip’s surface uneven, helping to break up film deposited on the sensor diaphragm. Stress is now better balanced (also in models with an improved version of the flat sensor used in existing gauges), making the diaphragm surface less likely to flex. As a result, the amount of zero point shift in the model V8 due to film deposits has been dramatically reduced to one-tenth that of the existing model SPG. The model V8S features a control unit that is separated from the gauge head, allowing use in temperatures as high as 250 °C. Such high-temperature environments are often found in atomic layer deposition (ALD) equipment due to changes in the process gas. Features: Higher resistance to deposition on the sensor, With MEMS technology, the amount of zero point shift due to film deposits formed on the sensor has been reduced to one-tenth that of the model SPG. Resistance to temperatures as high as 250 °C. The model V8S (separated model) for high temperatures was added to the lineup in response to changes in the process gases. Compact size with smaller footprint. By arranging components more efficiently inside the product, its volume has been reduced by 40% compared to the model SPG. Tillkännagivande • Dec 21
Azbil Corporation to Report Q3, 2023 Results on Feb 07, 2023 Azbil Corporation announced that they will report Q3, 2023 results on Feb 07, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: JP¥29.71 (vs JP¥35.53 in 2Q 2022) Second quarter 2023 results: EPS: JP¥29.71 (down from JP¥35.53 in 2Q 2022). Revenue: JP¥64.9b (up 4.9% from 2Q 2022). Net income: JP¥3.98b (down 19% from 2Q 2022). Profit margin: 6.1% (down from 7.9% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 2% per year. Reported Earnings • Nov 10
Second quarter 2023 earnings released: EPS: JP¥29.71 (vs JP¥35.53 in 2Q 2022) Second quarter 2023 results: EPS: JP¥29.71 (down from JP¥35.53 in 2Q 2022). Revenue: JP¥64.9b (up 4.9% from 2Q 2022). Net income: JP¥3.98b (down 19% from 2Q 2022). Profit margin: 6.1% (down from 7.9% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has fallen by 1% per year. Tillkännagivande • Nov 08
Azbil Launches High-Precision Single Loop Controller with High-Speed Response - Reduces Burden on Personnel, from Installation to Maintenance - Azbil Corporation has started sales of the model C1A single loop controller, which features high accuracy and fast response and reduces the burden on personnel, from installation through to maintenance. Despite its compact 48x48mm front panel size, the C1A achieves a high accuracy of ±0.1% of the reading (for thermocouple or Pt100 RTD) and high-speed response with a sampling cycle of 25ms, and it is equipped with various labor-saving functions for manufacturing sites. Single loop controllers compare signals from sensors with set values, execute PID control*1 according to the deviation amount, and output control signals to actuators for keeping the control targets (temperature, pressure, flow rate, etc.) at correct levels. Controllers are essential devices for efficient operation at factories and plants. Azbil provides single loop controllers with a variety of functions that are required for applications in the factory automation market. As typified by semiconductor manufacturing facilities, compact and high-performance equipment is needed for maximizing productivity in limited factory space. For devices like single loop controllers, which are built into other equipment, demand is growing for smaller size and higher performance. Additionally, it is important while equipment is running to reduce downtime by maintaining a constant understanding of the state of processes to prevent problems. Also, to cope with problems like a decrease in skilled workers and labor shortages, the manufacturing industry has turned to more intuitive and simpler methods of PID adjustment rather than methods that rely on experienced workers. Despite its compact size, the C1A achieves high accuracy and high-speed response. Its multi-status indicator allows onsite personnel to grasp the controlled process status at a glance. Also, communication with a programmable logic controller (PLC) can be set up easily without the need for special programs. This makes it easy to create a system for remote process monitoring, for example, using a host system, touch panels, and other external devices. A major application of controllers is controlling temperature using electric heaters, which are known to deteriorate and have a limited service life. An effective method of diagnosing deterioration is to monitor the resistance of the heater. The C1A calculates the voltage, current, and resistance of the heater using voltage transformer (VT) and current transformer (CT) inputs. These values can be monitored on the C1A’s front panel or be used to output alarms if the preset threshold is exceeded. By monitoring the resistance and the controlled temperature, the condition of a heater can be easily understood and unexpected heater burnout can be prevented. Additionally, the C1A’s Smart Loader Package includes a PID simulator based on proprietary Azbil simulation technology as a standard feature. The PID simulator uses operating data to create mathematical models that reproduce characteristics of the object of control, allowing users to simulate PID control on the PC and reduce adjustment time. Tillkännagivande • Sep 23
Azbil Corporation to Report Q2, 2023 Results on Nov 08, 2022 Azbil Corporation announced that they will report Q2, 2023 results on Nov 08, 2022 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥32.50 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 07 December 2022. Payout ratio is a comfortable 40% but the company is not cash flow positive. Trailing yield: 1.6%. Lower than top quartile of German dividend payers (5.1%). Higher than average of industry peers (1.2%). Reported Earnings • Aug 05
First quarter 2023 earnings released: EPS: JP¥15.19 (vs JP¥14.57 in 1Q 2022) First quarter 2023 results: EPS: JP¥15.19 (up from JP¥14.57 in 1Q 2022). Revenue: JP¥56.1b (up 4.8% from 1Q 2022). Net income: JP¥2.07b (up 2.1% from 1Q 2022). Profit margin: 3.7% (down from 3.8% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 6.2%, compared to a 21% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Jun 24
Azbil Corporation to Report Q1, 2023 Results on Aug 04, 2022 Azbil Corporation announced that they will report Q1, 2023 results on Aug 04, 2022 Reported Earnings • May 16
Full year 2022 earnings released: EPS: JP¥151 (vs JP¥143 in FY 2021) Full year 2022 results: EPS: JP¥151 (up from JP¥143 in FY 2021). Revenue: JP¥256.6b (up 3.9% from FY 2021). Net income: JP¥20.8b (up 4.3% from FY 2021). Profit margin: 8.1% (in line with FY 2021). Over the next year, revenue is forecast to grow 6.2%, compared to a 21% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 10% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • May 15
Azbil Corporation, Annual General Meeting, Jun 23, 2022 Azbil Corporation, Annual General Meeting, Jun 23, 2022. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 6 non-independent directors. Independent Outside Director Ka Tse Hung Anne was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Mar 31
Azbil Corporation to Report Fiscal Year 2022 Results on May 13, 2022 Azbil 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: 25 June 2022. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (3.6%). Higher than average of industry peers (0.7%). Tillkännagivande • Feb 10
Azbil Corporation Provides Dividend Guidance for the Year Ending March 31, 2022 Azbil Corporation provided dividend guidance for the year ending March 31, 2022. For the period, the company expects a dividend of ¥30.00 per share against ¥30.00 per share paid a year ago. Tillkännagivande • Feb 09
Azbil Corporation Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2022 Azbil Corporation provided consolidated earnings guidance for the fiscal year ending March 31, 2022. For the period, the company expects net sales of ¥262,000 million; Operating income of ¥29,300 million; Net income attributable to owners of parents of ¥21,000 million or ¥152.97 per share. Reported Earnings • Feb 04
Third quarter 2022 earnings: EPS in line with expectations, revenues disappoint Third quarter 2022 results: EPS: JP¥36.82 (down from JP¥40.12 in 3Q 2021). Revenue: JP¥63.9b (up 1.8% from 3Q 2021). Net income: JP¥5.05b (down 9.7% from 3Q 2021). Profit margin: 7.9% (down from 8.9% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 6.6%. Over the next year, revenue is forecast to grow 7.5%, compared to a 23% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 03
Second quarter 2022 earnings released: EPS JP¥35.53 (vs JP¥28.53 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥61.9b (up 4.1% from 2Q 2021). Net income: JP¥4.89b (up 23% from 2Q 2021). Profit margin: 7.9% (up from 6.7% 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 but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 08 December 2021. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (3.2%). Higher than average of industry peers (0.7%). Valuation Update With 7 Day Price Move • Sep 13
Investor sentiment improved over the past week After last week's 17% share price gain to €40.40, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 22x in the Electronic industry in Germany. Total returns to shareholders of 133% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €29.92 per share. Reported Earnings • Aug 06
First quarter 2022 earnings released: EPS JP¥14.57 (vs JP¥15.18 in 1Q 2021) The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2022 results: Revenue: JP¥53.5b (up 2.9% from 1Q 2021). Net income: JP¥2.03b (down 4.2% from 1Q 2021). Profit margin: 3.8% (down from 4.1% 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 increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 17
Full year 2021 earnings released: EPS JP¥143 (vs JP¥141 in FY 2020) The company reported a mediocre full year result with weaker revenues, although earnings were flat and profit margins improved. Full year 2021 results: Revenue: JP¥246.8b (down 4.9% from FY 2020). Net income: JP¥19.9b (flat on FY 2020). Profit margin: 8.1% (up from 7.6% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • May 15
Azbil Corporation (TSE:6845) announces an Equity Buyback for 3,000,000 shares, representing 2.12% for ¥10,000 million. Azbil Corporation (TSE:6845) announces a share repurchase program. Under the program, the company will repurchase up to 3,000,000 shares, representing 2.12% of its issued share capital (excluding treasury stock), for a total purchase price of ¥10,000 million. The purpose of the program is to improve capital efficiency, reflect the status and outlook of business performance, and enable the return of profits to shareholders and the flexible implementation of capital policies in response to changes in the corporate environment. The program will be valid till September 30, 2021. As of March 31, 2021, the company had 141,477,495 issued shares (excluding treasury stock) and 3,723,389 treasury shares. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 25 June 2021. Trailing yield: 1.0%. Lower than top quartile of German dividend payers (3.3%). Higher than average of industry peers (0.5%). Is New 90 Day High Low • Feb 25
New 90-day low: €36.00 The company is down 10.0% from its price of €39.80 on 27 November 2020. The German market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €17.47 per share. Reported Earnings • Feb 06
Third quarter 2021 earnings released: EPS JP¥40.12 (vs JP¥36.36 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¥62.8b (down 2.4% from 3Q 2020). Net income: JP¥5.60b (up 10% from 3Q 2020). Profit margin: 8.9% (up from 7.9% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Analyst Estimate Surprise Post Earnings • Feb 06
Revenue misses expectations Revenue missed analyst estimates by 0.9%. Over the next year, revenue is forecast to grow 3.6%, compared to a 23% growth forecast for the Electronic industry in Germany. Tillkännagivande • Jan 13
Azbil Corporation Launches Early Warning System Software Globally Azbil Corporation has announced the global launch of the English and Chinese versions of its Early Warning System for Time Series Data (hereafter, “Early Warning System”) in markets including Southeast Asia, China and Korea. The Early Warning System, launched in Japan in 2013, is a software package that constantly monitors changes in time series data trends for important process variables like temperature, pressure, flow rate, and liquid level in order to alert operators to potential deviation from control values at an early stage. Compared with alarm monitoring by a distributed control system (DCS), the Early Warning System’s predictive alarms have the advantage of early recognition, before control values are reached or safety devices operate. In an emergency when something goes wrong with equipment and many DCS alarms activate, missed alarms or other human error may occur, leading to accidents. The Early Warning System, however, is independent of the DCS and complements ordinary alarms with predictive ones. For example, showing trends on a large display separately from the DCS monitor can promote an early and appropriate response by operators. In this way, the system works in combination with existing monitoring and control systems like the DCS to provide greater effectiveness. In Japan, the system is used mainly by oil and chemical companies, which are highly conscious of plant safety and security and are willing to utilize IoT technology, but recently it has also been used at water supply facilities to monitor distribution reservoirs, water quality, and drainage facilities, in order to ensure a stable supply of tap water. Also, the system’s use has expanded to include maintaining the quality of medical and pharmaceutical products as required by regulations. For example, it detects abnormal temperature fluctuations early to suppress deviations from control values. In response to the growing need for data-based solutions at overseas manufacturing sites, Azbil is launching English and Chinese versions of the software. Features: Utilizing prediction, the Early Warning System detects changes in trends before they reach the control value (before a problem occurs) and issues an alarm, leaving more time for operators to respond. In addition to issuing predictive alarms, the system calculates the estimated time until the control value is reached, and provides information for judging how to take an appropriate response; Enhances operator awareness since it is sometimes possible to predict recurrence of deterioration or sudden fluctuation after an alarm returns; Can take over the task of constantly monitoring critical measurements, leading to better monitoring of the entire manufacturing site and reducing human workload; By using a general-purpose communication protocol (OPC-DA1), connection is possible to any system or vendor’s DCS, PLC, or PIMS2; and Unnecessary to install new sensors, and engineering work can be done by the user. Is New 90 Day High Low • Jan 05
New 90-day high: €46.40 The company is up 43% from its price of €32.40 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 Electronic industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €18.98 per share. Tillkännagivande • Dec 24
Azbil Corporation to Report Q3, 2021 Results on Feb 04, 2021 Azbil Corporation announced that they will report Q3, 2021 results on Feb 04, 2021 Is New 90 Day High Low • Dec 09
New 90-day high: €40.40 The company is up 53% from its price of €26.40 on 10 September 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €15.22 per share. Analyst Estimate Surprise Post Earnings • Nov 14
Revenue misses expectations Revenue missed analyst estimates by 2.3%. Over the next year, revenue is forecast to grow 2.2%, compared to a 25% growth forecast for the Electronic industry in Germany.