Valuation Update With 7 Day Price Move • May 21
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥1,822, the stock trades at a trailing P/E ratio of 18.5x. Average trailing P/E is 14x in the Machinery industry in Japan. Total returns to shareholders of 47% over the past three years. Reported Earnings • May 19
Full year 2026 earnings released: EPS: JP¥98.74 (vs JP¥122 in FY 2025) Full year 2026 results: EPS: JP¥98.74 (down from JP¥122 in FY 2025). Revenue: JP¥9.38b (down 4.8% from FY 2025). Net income: JP¥194.0m (down 20% from FY 2025). Profit margin: 2.1% (down from 2.4% in FY 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Tillkännagivande • May 14
Nitchitsu Co., Ltd., Annual General Meeting, Jun 26, 2026 Nitchitsu Co., Ltd., Annual General Meeting, Jun 26, 2026. Tillkännagivande • May 10
Nitchitsu Co., Ltd. to Report Fiscal Year 2026 Results on May 14, 2026 Nitchitsu Co., Ltd. announced that they will report fiscal year 2026 results on May 14, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥18.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 30 June 2026. Payout ratio is a comfortable 69% but the company is paying out more than the cash it is generating. Trailing yield: 1.6%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (1.6%). New Risk • Mar 03
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 101% Dividend yield: 1.6% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (101% cash payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.1% net profit margin). Market cap is less than US$100m (JP¥4.59b market cap, or US$29.2m). Reported Earnings • Feb 16
Third quarter 2026 earnings released: EPS: JP¥3.56 (vs JP¥12.71 in 3Q 2025) Third quarter 2026 results: EPS: JP¥3.56 (down from JP¥12.71 in 3Q 2025). Revenue: JP¥2.20b (down 9.9% from 3Q 2025). Net income: JP¥7.00m (down 72% from 3Q 2025). Profit margin: 0.3% (down from 1.0% in 3Q 2025). Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Dec 03
Nitchitsu Co., Ltd. to Report Q3, 2026 Results on Feb 13, 2026 Nitchitsu Co., Ltd. announced that they will report Q3, 2026 results on Feb 13, 2026 Reported Earnings • Nov 17
Second quarter 2026 earnings released: EPS: JP¥2.55 (vs JP¥54.91 in 2Q 2025) Second quarter 2026 results: EPS: JP¥2.55 (down from JP¥54.91 in 2Q 2025). Revenue: JP¥2.10b (down 4.3% from 2Q 2025). Net income: JP¥5.00m (down 95% from 2Q 2025). Profit margin: 0.2% (down from 4.9% in 2Q 2025). Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 27
Investor sentiment improves as stock rises 41% After last week's 41% share price gain to JP¥2,751, the stock trades at a trailing P/E ratio of 23.8x. Average trailing P/E is 14x in the Machinery industry in Japan. Total returns to shareholders of 141% over the past three years. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥17.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 02 December 2025. Payout ratio is a comfortable 30% but the company is not cash flow positive. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (2.0%). Tillkännagivande • Sep 01
Nitchitsu Co., Ltd. to Report Q2, 2026 Results on Nov 13, 2025 Nitchitsu Co., Ltd. announced that they will report Q2, 2026 results on Nov 13, 2025 Reported Earnings • Aug 11
First quarter 2026 earnings released: EPS: JP¥45.30 (vs JP¥52.15 in 1Q 2025) First quarter 2026 results: EPS: JP¥45.30 (down from JP¥52.15 in 1Q 2025). Revenue: JP¥2.70b (up 6.8% from 1Q 2025). Net income: JP¥89.0m (down 14% from 1Q 2025). Profit margin: 3.3% (down from 4.1% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Jun 07
Nitchitsu Co., Ltd. to Report Q1, 2026 Results on Aug 08, 2025 Nitchitsu Co., Ltd. announced that they will report Q1, 2026 results on Aug 08, 2025 Reported Earnings • May 14
Full year 2025 earnings released: EPS: JP¥122 (vs JP¥121 in FY 2024) Full year 2025 results: EPS: JP¥122. Revenue: JP¥9.85b (up 19% from FY 2024). Net income: JP¥241.0m (down 2.4% from FY 2024). Profit margin: 2.4% (down from 3.0% in FY 2024). Tillkännagivande • May 12
Nitchitsu Co., Ltd., Annual General Meeting, Jun 27, 2025 Nitchitsu Co., Ltd., Annual General Meeting, Jun 27, 2025. Tillkännagivande • Mar 27
Nitchitsu Co., Ltd. to Report Fiscal Year 2025 Results on May 12, 2025 Nitchitsu Co., Ltd. announced that they will report fiscal year 2025 results on May 12, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 30 June 2025. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (2.1%). Reported Earnings • Feb 15
Third quarter 2025 earnings released: EPS: JP¥12.71 (vs JP¥8.88 in 3Q 2024) Third quarter 2025 results: EPS: JP¥12.71 (up from JP¥8.88 in 3Q 2024). Revenue: JP¥2.45b (up 23% from 3Q 2024). Net income: JP¥25.0m (up 39% from 3Q 2024). Profit margin: 1.0% (up from 0.9% in 3Q 2024). 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 • Dec 03
Nitchitsu Co., Ltd. to Report Q3, 2025 Results on Feb 13, 2025 Nitchitsu Co., Ltd. announced that they will report Q3, 2025 results on Feb 13, 2025 Reported Earnings • Nov 14
Second quarter 2025 earnings released: EPS: JP¥54.87 (vs JP¥34.12 in 2Q 2024) Second quarter 2025 results: EPS: JP¥54.87 (up from JP¥34.12 in 2Q 2024). Revenue: JP¥2.19b (up 6.0% from 2Q 2024). Net income: JP¥108.0m (up 52% from 2Q 2024). Profit margin: 4.9% (up from 3.4% in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 04 December 2024. Payout ratio is a comfortable 17% but the company is not cash flow positive. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (2.9%). New Risk • Sep 17
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (JP¥2.85b market cap, or US$20.3m). Tillkännagivande • Aug 30
Nitchitsu Co., Ltd. to Report Q2, 2025 Results on Nov 11, 2024 Nitchitsu Co., Ltd. announced that they will report Q2, 2025 results on Nov 11, 2024 New Risk • Aug 16
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 39% 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 Earnings have declined by 27% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Market cap is less than US$100m (JP¥2.97b market cap, or US$20.0m). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to JP¥1,394, the stock trades at a trailing P/E ratio of 11.1x. Average trailing P/E is 11x in the Machinery industry in Japan. Total loss to shareholders of 2.7% over the past three years. Tillkännagivande • Jun 28
Nitchitsu Co., Ltd. to Report Q1, 2025 Results on Aug 09, 2024 Nitchitsu Co., Ltd. announced that they will report Q1, 2025 results on Aug 09, 2024 Reported Earnings • May 17
Full year 2024 earnings released: EPS: JP¥121 (vs JP¥260 loss in FY 2023) Full year 2024 results: EPS: JP¥121 (up from JP¥260 loss in FY 2023). Revenue: JP¥8.29b (up 3.3% from FY 2023). Net income: JP¥247.0m (up JP¥787.0m from FY 2023). Profit margin: 3.0% (up from net loss in FY 2023). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Tillkännagivande • May 15
Nitchitsu Co., Ltd., Annual General Meeting, Jun 27, 2024 Nitchitsu Co., Ltd., Annual General Meeting, Jun 27, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.5%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (1.9%). Tillkännagivande • Mar 02
Nitchitsu Co., Ltd. to Report Fiscal Year 2024 Results on May 13, 2024 Nitchitsu Co., Ltd. announced that they will report fiscal year 2024 results on May 13, 2024 Reported Earnings • Feb 15
Third quarter 2024 earnings released: EPS: JP¥8.87 (vs JP¥103 loss in 3Q 2023) Third quarter 2024 results: EPS: JP¥8.87 (up from JP¥103 loss in 3Q 2023). Revenue: JP¥1.99b (up 11% from 3Q 2023). Net income: JP¥18.0m (up JP¥232.0m from 3Q 2023). Profit margin: 0.9% (up from net loss in 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance. Tillkännagivande • Nov 30
Nitchitsu Co., Ltd. to Report Q3, 2024 Results on Feb 13, 2024 Nitchitsu Co., Ltd. announced that they will report Q3, 2024 results on Feb 13, 2024 Reported Earnings • Nov 12
Second quarter 2024 earnings released: EPS: JP¥34.09 (vs JP¥15.87 loss in 2Q 2023) Second quarter 2024 results: EPS: JP¥34.09 (up from JP¥15.87 loss in 2Q 2023). Revenue: JP¥2.06b (down 2.5% from 2Q 2023). Net income: JP¥71.0m (up JP¥104.0m from 2Q 2023). Profit margin: 3.4% (up from net loss in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 99 percentage points per year, which is a significant difference in performance. Tillkännagivande • Sep 28
Nitchitsu Co., Ltd. to Report Q2, 2024 Results on Nov 10, 2023 Nitchitsu Co., Ltd. announced that they will report Q2, 2024 results on Nov 10, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of JP¥15.00 per share at 1.8% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 05 December 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.3%). Lower than average of industry peers (2.1%). Reported Earnings • Aug 14
First quarter 2024 earnings released: JP¥0.96 loss per share (vs JP¥33.30 profit in 1Q 2023) First quarter 2024 results: JP¥0.96 loss per share (down from JP¥33.30 profit in 1Q 2023). Revenue: JP¥2.03b (up 2.0% from 1Q 2023). Net loss: JP¥2.00m (down 103% from profit in 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 111 percentage points per year, which is a significant difference in performance. Tillkännagivande • Jun 23
Nitchitsu Co., Ltd. to Report Q1, 2024 Results on Aug 10, 2023 Nitchitsu Co., Ltd. announced that they will report Q1, 2024 results on Aug 10, 2023 Reported Earnings • May 18
Full year 2023 earnings released: JP¥260 loss per share (vs JP¥58.48 loss in FY 2022) Full year 2023 results: JP¥260 loss per share (further deteriorated from JP¥58.48 loss in FY 2022). Revenue: JP¥8.02b (up 2.1% from FY 2022). Net loss: JP¥540.0m (loss widened 346% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 100 percentage points per year, which is a significant difference in performance. Tillkännagivande • May 17
Nitchitsu Co., Ltd., Annual General Meeting, Jun 29, 2023 Nitchitsu Co., Ltd., Annual General Meeting, Jun 29, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥15.00 per share at 2.4% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 30 June 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (2.4%). Reported Earnings • Feb 12
Third quarter 2023 earnings released: JP¥103 loss per share (vs JP¥14.49 profit in 3Q 2022) Third quarter 2023 results: JP¥103 loss per share (down from JP¥14.49 profit in 3Q 2022). Revenue: JP¥1.79b (up 3.9% from 3Q 2022). Net loss: JP¥214.0m (down JP¥244.0m from profit in 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance. Tillkännagivande • Jan 06
Nitchitsu Co., Ltd. to Report Q3, 2023 Results on Feb 10, 2023 Nitchitsu Co., Ltd. announced that they will report Q3, 2023 results on Feb 10, 2023 Reported Earnings • Nov 20
Second quarter 2023 earnings released: JP¥15.86 loss per share (vs JP¥32.83 loss in 2Q 2022) Second quarter 2023 results: JP¥15.86 loss per share (improved from JP¥32.83 loss in 2Q 2022). Revenue: JP¥2.12b (up 10.0% from 2Q 2022). Net loss: JP¥33.0m (loss narrowed 52% from 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance. 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. 5 experienced directors. 6 highly experienced directors. 1 independent director (6 non-independent directors). Independent Outside Director Toshiyuki Kawasaki was the last independent director to join the board, commencing their role in 2015. 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 06
Second quarter 2023 earnings released: JP¥15.86 loss per share (vs JP¥32.83 loss in 2Q 2022) Second quarter 2023 results: JP¥15.86 loss per share (improved from JP¥32.83 loss in 2Q 2022). Revenue: JP¥2.12b (up 10.0% from 2Q 2022). Net loss: JP¥33.0m (loss narrowed 52% from 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance. 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: 06 December 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (2.4%). Tillkännagivande • Sep 01
Nitchitsu Co., Ltd. to Report Q2, 2023 Results on Nov 04, 2022 Nitchitsu Co., Ltd. announced that they will report Q2, 2023 results on Nov 04, 2022 Reported Earnings • Aug 05
First quarter 2023 earnings released: EPS: JP¥33.30 (vs JP¥23.25 in 1Q 2022) First quarter 2023 results: EPS: JP¥33.30 (up from JP¥23.25 in 1Q 2022). Revenue: JP¥1.99b (flat on 1Q 2022). Net income: JP¥69.0m (up 44% from 1Q 2022). Profit margin: 3.5% (up from 2.4% in 1Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance. Tillkännagivande • Jun 09
Nitchitsu Co., Ltd. to Report Q1, 2023 Results on Aug 04, 2022 Nitchitsu Co., Ltd. announced that they will report Q1, 2023 results on Aug 04, 2022 Reported Earnings • May 16
Full year 2022 earnings released: JP¥58.46 loss per share (vs JP¥39.71 loss in FY 2021) Full year 2022 results: JP¥58.46 loss per share (down from JP¥39.71 loss in FY 2021). Revenue: JP¥7.86b (down 7.3% from FY 2021). Net loss: JP¥121.0m (loss widened 48% from FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance. Tillkännagivande • May 15
Nitchitsu Co., Ltd., Annual General Meeting, Jun 29, 2022 Nitchitsu Co., Ltd., Annual General Meeting, Jun 29, 2022. 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. 5 experienced directors. 5 highly experienced directors. 1 independent director (6 non-independent directors). Independent Outside Director Toshiyuki Kawasaki was the last independent director to join the board, commencing their role in 2015. 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
Nitchitsu Co., Ltd. to Report Fiscal Year 2022 Results on May 10, 2022 Nitchitsu Co., Ltd. announced that they will report fiscal year 2022 results on May 10, 2022 Reported Earnings • Feb 12
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥14.48 (up from JP¥64.89 loss in 3Q 2021). Revenue: JP¥1.72b (down 15% from 3Q 2021). Net income: JP¥30.0m (up JP¥164.0m from 3Q 2021). Profit margin: 1.7% (up from net loss in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 07
Second quarter 2022 earnings released: JP¥32.83 loss per share (vs JP¥4.84 loss in 2Q 2021) The company reported a poor second quarter result with increased losses, weaker revenues and weaker control over costs. Second quarter 2022 results: Revenue: JP¥1.92b (down 10% from 2Q 2021). Net loss: JP¥68.0m (loss widened JP¥58.0m from 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 07 December 2021. Trailing yield: 1.5%. Lower than top quartile of Japanese dividend payers (3.0%). In line with average of industry peers (1.4%). Reported Earnings • May 12
Full year 2021 earnings released: JP¥39.69 loss per share (vs JP¥19.37 profit in FY 2020) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2021 results: Revenue: JP¥8.47b (down 6.0% from FY 2020). Net loss: JP¥82.0m (down 305% from profit in FY 2020). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Tillkännagivande • Mar 12
Nitchitsu Co., Ltd. to Report Fiscal Year 2021 Results on May 12, 2021 Nitchitsu Co., Ltd. announced that they will report fiscal year 2021 results on May 12, 2021 Is New 90 Day High Low • Feb 15
New 90-day high: JP¥1,466 The company is up 8.0% from its price of JP¥1,359 on 16 November 2020. The Japanese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 15% over the same period. Reported Earnings • Feb 12
Third quarter 2021 earnings released: JP¥64.80 loss per share (vs JP¥14.53 loss in 3Q 2020) The company reported a poor third quarter result with increased losses, weaker revenues and weaker control over costs. Third quarter 2021 results: Revenue: JP¥2.02b (down 3.6% from 3Q 2020). Net loss: JP¥134.0m (loss widened 347% from 3Q 2020). 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 13% per year, which means it is significantly lagging earnings. Tillkännagivande • Dec 30
Nitchitsu Co., Ltd. to Report Q3, 2021 Results on Feb 10, 2021 Nitchitsu Co., Ltd. announced that they will report Q3, 2021 results on Feb 10, 2021 Is New 90 Day High Low • Dec 12
New 90-day high: JP¥1,405 The company is up 7.0% from its price of JP¥1,317 on 11 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 15% over the same period. Tillkännagivande • Sep 06
Nitchitsu Co., Ltd. to Report Q2, 2021 Results on Nov 06, 2020 Nitchitsu Co., Ltd. announced that they will report Q2, 2021 results on Nov 06, 2020