Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥13,960, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 22x in the Semiconductor industry in Japan. Total returns to shareholders of 590% over the past three years. Tillkännagivande • Jun 25
MICRONICS JAPAN CO., LTD. Announces Resignation of Eitatsu Tanabe from Outside Director, Effective June 30, 2026 MICRONICS JAPAN CO., LTD. announced the resignation of its Director, Eitatsu Tanabe, Outside Director, effective June 30, 2026. The reason for resignation was due to personal reasons. Even after the resignation of the said Director, the Company will continue to meet the number of Directors required by laws and regulations and the Articles of Incorporation. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to JP¥15,900, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 21x in the Semiconductor industry in Japan. Total returns to shareholders of 767% over the past three years. Tillkännagivande • Jun 03
Micronics Japan Co., Ltd. to Report Q2, 2026 Results on Aug 12, 2026 Micronics Japan Co., Ltd. announced that they will report Q2, 2026 results at 9:00 AM, Tokyo Standard Time on Aug 12, 2026 Major Estimate Revision • May 20
Consensus EPS estimates increase by 13% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from JP¥88.3b to JP¥93.8b. EPS estimate increased from JP¥480 to JP¥542 per share. Net income forecast to grow 34% next year vs 28% growth forecast for Semiconductor industry in Japan. Consensus price target of JP¥9,900 unchanged from last update. Share price fell 4.8% to JP¥13,810 over the past week. Reported Earnings • May 14
First quarter 2026 earnings released: EPS: JP¥113 (vs JP¥43.33 in 1Q 2025) First quarter 2026 results: EPS: JP¥113 (up from JP¥43.33 in 1Q 2025). Revenue: JP¥20.9b (up 48% from 1Q 2025). Net income: JP¥4.39b (up 163% from 1Q 2025). Profit margin: 21% (up from 12% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Semiconductor industry in Japan. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has increased by 119% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • May 12
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥14,580, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 23x in the Semiconductor industry in Japan. Total returns to shareholders of 919% over the past three years. Tillkännagivande • Apr 10
Micronics Japan Co., Ltd. to Report Q1, 2026 Results on May 13, 2026 Micronics Japan Co., Ltd. announced that they will report Q1, 2026 results on May 13, 2026 Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥10,680, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 19x in the Semiconductor industry in Japan. Total returns to shareholders of 754% over the past three years. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥10,690, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 22x in the Semiconductor industry in Japan. Total returns to shareholders of 729% over the past three years. Major Estimate Revision • Feb 24
Consensus EPS estimates increase by 17% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from JP¥81.1b to JP¥84.8b. EPS estimate increased from JP¥346 to JP¥405 per share. Net income forecast to grow 30% next year vs 20% growth forecast for Semiconductor industry in Japan. Consensus price target of JP¥7,650 unchanged from last update. Share price was steady at JP¥12,360 over the past week. Reported Earnings • Feb 14
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: JP¥312 (up from JP¥228 in FY 2024). Revenue: JP¥70.2b (up 26% from FY 2024). Net income: JP¥12.1b (up 37% from FY 2024). Profit margin: 17% (up from 16% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) also surpassed analyst estimates by 28%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Semiconductor industry in Japan. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 101% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Feb 13
Micronics Japan Co., Ltd., Annual General Meeting, Mar 26, 2026 Micronics Japan Co., Ltd., Annual General Meeting, Mar 26, 2026. Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥9,880, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 21x in the Semiconductor industry in Japan. Total returns to shareholders of 645% over the past three years. Price Target Changed • Jan 07
Price target increased by 20% to JP¥7,650 Up from JP¥6,367, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of JP¥7,730. Stock is up 67% over the past year. The company is forecast to post earnings per share of JP¥247 for next year compared to JP¥228 last year. Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥6,840, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 16x in the Semiconductor industry in Japan. Total returns to shareholders of 451% over the past three years. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥72.00 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 30 March 2026. Payout ratio is a comfortable 27% but the company is not cash flow positive. Trailing yield: 1.1%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (1.2%). Tillkännagivande • Dec 03
Micronics Japan Co., Ltd. to Report Fiscal Year 2025 Results on Feb 13, 2026 Micronics Japan Co., Ltd. announced that they will report fiscal year 2025 results on Feb 13, 2026 Declared Dividend • Nov 13
Dividend increased to JP¥72.00 Dividend of JP¥72.00 is 2.9% higher than last year. Ex-date: 29th December 2025 Payment date: 30th March 2026 Dividend yield will be 1.1%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (27% 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 22% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 47% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 13
Third quarter 2025 earnings released: EPS: JP¥59.59 (vs JP¥53.41 in 3Q 2024) Third quarter 2025 results: EPS: JP¥59.59 (up from JP¥53.41 in 3Q 2024). Revenue: JP¥17.3b (up 35% from 3Q 2024). Net income: JP¥2.31b (up 12% from 3Q 2024). Profit margin: 13% (down from 16% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Semiconductor industry in Japan. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 66% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Nov 12
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥6,970, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 18x in the Semiconductor industry in Japan. Total returns to shareholders of 395% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥6,047 per share. Tillkännagivande • Nov 11
Micronics Japan Co., Ltd. Provides Consolidated Earnings Guidance for the Year Ending December 31, 2025 Micronics Japan Co., Ltd. provided consolidated earnings guidance for the year ending December 31, 2025. For the quarter, the company expects net sales of JPY 68,900 million, operating profit of JPY 13,800 million, quarterly net profit attributable to owners of parent of JPY 9,200 million and quarterly net profit per share of JPY 237.66. Valuation Update With 7 Day Price Move • Oct 29
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥8,200, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 18x in the Semiconductor industry in Japan. Total returns to shareholders of 545% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥6,308 per share. Buy Or Sell Opportunity • Oct 27
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 45% to JP¥7,690. The fair value is estimated to be JP¥6,329, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 7.1%. Revenue is forecast to grow by 34% in 2 years. Earnings are forecast to grow by 53% in the next 2 years. Valuation Update With 7 Day Price Move • Oct 06
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥6,670, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 17x in the Semiconductor industry in Japan. Total returns to shareholders of 462% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥6,301 per share. Tillkännagivande • Sep 26
Micronics Japan Co., Ltd. to Report Q3, 2025 Results on Nov 11, 2025 Micronics Japan Co., Ltd. announced that they will report Q3, 2025 results on Nov 11, 2025 Valuation Update With 7 Day Price Move • Sep 11
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥5,060, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 14x in the Semiconductor industry in Japan. Total returns to shareholders of 291% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥6,393 per share. Valuation Update With 7 Day Price Move • Aug 19
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥4,545, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 14x in the Semiconductor industry in Japan. Total returns to shareholders of 244% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥6,230 per share. Reported Earnings • Aug 13
Second quarter 2025 earnings released: EPS: JP¥80.02 (vs JP¥62.57 in 2Q 2024) Second quarter 2025 results: EPS: JP¥80.02 (up from JP¥62.57 in 2Q 2024). Revenue: JP¥19.0b (up 32% from 2Q 2024). Net income: JP¥3.10b (up 28% from 2Q 2024). Profit margin: 16% (in line with 2Q 2024). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Semiconductor industry in Japan. 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 48% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Aug 13
Now 25% undervalued Over the last 90 days, the stock has risen 24% to JP¥4,690. The fair value is estimated to be JP¥6,261, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years, while earnings per share has been flat. Tillkännagivande • Jun 20
Micronics Japan Co., Ltd. to Report Q2, 2025 Results on Aug 12, 2025 Micronics Japan Co., Ltd. announced that they will report Q2, 2025 results on Aug 12, 2025 Valuation Update With 7 Day Price Move • Jun 10
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥4,200, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 13x in the Semiconductor industry in Japan. Total returns to shareholders of 229% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥5,734 per share. Reported Earnings • May 15
First quarter 2025 earnings released: EPS: JP¥43.33 (vs JP¥32.95 in 1Q 2024) First quarter 2025 results: EPS: JP¥43.33 (up from JP¥32.95 in 1Q 2024). Revenue: JP¥14.1b (up 20% from 1Q 2024). Net income: JP¥1.67b (up 32% from 1Q 2024). Profit margin: 12% (up from 11% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Semiconductor industry in Japan. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 38% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • May 13
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥3,645, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 14x in the Semiconductor industry in Japan. Total returns to shareholders of 168% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥6,005 per share. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to JP¥2,904, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 13x in the Semiconductor industry in Japan. Total returns to shareholders of 103% over the past three years. New Risk • Mar 31
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.9% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Tillkännagivande • Mar 11
Micronics Japan Co., Ltd. to Report Q1, 2025 Results on May 13, 2025 Micronics Japan Co., Ltd. announced that they will report Q1, 2025 results on May 13, 2025 Valuation Update With 7 Day Price Move • Feb 21
Investor sentiment improves as stock rises 30% After last week's 30% share price gain to JP¥5,070, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 16x in the Semiconductor industry in Japan. Total returns to shareholders of 235% over the past three years. Reported Earnings • Feb 16
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: JP¥228 (up from JP¥107 in FY 2023). Revenue: JP¥55.6b (up 45% from FY 2023). Net income: JP¥8.81b (up 114% from FY 2023). Profit margin: 16% (up from 11% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 4.2%. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 8.7% growth forecast for the Semiconductor industry in Japan. 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 31% per year, which means it is well ahead of earnings. Tillkännagivande • Feb 14
Micronics Japan Co., Ltd., Annual General Meeting, Mar 27, 2025 Micronics Japan Co., Ltd., Annual General Meeting, Mar 27, 2025. Valuation Update With 7 Day Price Move • Jan 22
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥4,355, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 14x in the Semiconductor industry in Japan. Total returns to shareholders of 206% over the past three years. Valuation Update With 7 Day Price Move • Jan 07
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥4,345, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 14x in the Semiconductor industry in Japan. Total returns to shareholders of 174% over the past three years. Tillkännagivande • Jan 03
Micronics Japan Co., Ltd. to Report Fiscal Year 2024 Results on Feb 14, 2025 Micronics Japan Co., Ltd. announced that they will report fiscal year 2024 results on Feb 14, 2025 Upcoming Dividend • Dec 20
Upcoming dividend of JP¥65.00 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 31 March 2025. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.8%). In line with average of industry peers (1.7%). Valuation Update With 7 Day Price Move • Dec 18
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥4,165, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 13x in the Semiconductor industry in Japan. Total returns to shareholders of 157% over the past three years. Reported Earnings • Nov 13
Third quarter 2024 earnings released: EPS: JP¥53.41 (vs JP¥15.37 in 3Q 2023) Third quarter 2024 results: EPS: JP¥53.41 (up from JP¥15.37 in 3Q 2023). Revenue: JP¥12.8b (up 50% from 3Q 2023). Net income: JP¥2.06b (up 248% from 3Q 2023). Profit margin: 16% (up from 6.9% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Semiconductor industry in Japan. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings. New Risk • Oct 17
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.8% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥4,340, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 15x in the Semiconductor industry in Japan. Total returns to shareholders of 238% over the past three years. Price Target Changed • Sep 20
Price target decreased by 17% to JP¥7,033 Down from JP¥8,500, the current price target is an average from 3 analysts. New target price is 89% above last closing price of JP¥3,715. Stock is up 84% over the past year. The company is forecast to post earnings per share of JP¥219 for next year compared to JP¥107 last year. Valuation Update With 7 Day Price Move • Sep 06
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to JP¥3,760, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 15x in the Semiconductor industry in Japan. Total returns to shareholders of 162% over the past three years. Tillkännagivande • Aug 30
Micronics Japan Co., Ltd. to Report Q3, 2024 Results on Nov 11, 2024 Micronics Japan Co., Ltd. announced that they will report Q3, 2024 results on Nov 11, 2024 Reported Earnings • Aug 13
Second quarter 2024 earnings released: EPS: JP¥62.56 (vs JP¥0.93 in 2Q 2023) Second quarter 2024 results: EPS: JP¥62.56 (up from JP¥0.93 in 2Q 2023). Revenue: JP¥14.4b (up 99% from 2Q 2023). Net income: JP¥2.41b (up JP¥2.38b from 2Q 2023). Profit margin: 17% (up from 0.5% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Semiconductor industry in Japan. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 26% After last week's 26% share price decline to JP¥4,220, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 17x in the Semiconductor industry in Japan. Total returns to shareholders of 212% over the past three years. Tillkännagivande • Jul 23
Micronics Japan Co., Ltd. to Report Q2, 2024 Results on Aug 09, 2024 Micronics Japan Co., Ltd. announced that they will report Q2, 2024 results on Aug 09, 2024 Valuation Update With 7 Day Price Move • Jul 22
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥5,930, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 20x in the Semiconductor industry in Japan. Total returns to shareholders of 365% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥11,716 per share. Valuation Update With 7 Day Price Move • Jun 26
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥7,030, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 21x in the Semiconductor industry in Japan. Total returns to shareholders of 399% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥10,399 per share. Reported Earnings • May 16
First quarter 2024 earnings released: EPS: JP¥32.94 (vs JP¥28.71 in 1Q 2023) First quarter 2024 results: EPS: JP¥32.94 (up from JP¥28.71 in 1Q 2023). Revenue: JP¥11.8b (up 21% from 1Q 2023). Net income: JP¥1.27b (up 15% from 1Q 2023). Profit margin: 11% (in line with 1Q 2023). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Semiconductor industry in Japan. Valuation Update With 7 Day Price Move • May 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥7,750, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 21x in the Semiconductor industry in Japan. Total returns to shareholders of 425% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥8,251 per share. Valuation Update With 7 Day Price Move • Apr 22
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥6,500, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 20x in the Semiconductor industry in Japan. Total returns to shareholders of 305% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥8,364 per share. Buy Or Sell Opportunity • Apr 22
Now 22% undervalued Over the last 90 days, the stock has risen 60% to JP¥6,500. The fair value is estimated to be JP¥8,364, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.6% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 23% per annum. Earnings are also forecast to grow by 37% per annum over the same time period. Tillkännagivande • Mar 28
Micronics Japan Co., Ltd. to Report Q2, 2024 Results on May 13, 2024 Micronics Japan Co., Ltd. announced that they will report Q2, 2024 results on May 13, 2024 Valuation Update With 7 Day Price Move • Mar 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥8,290, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 22x in the Semiconductor industry in Japan. Total returns to shareholders of 484% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥8,289 per share. Major Estimate Revision • Mar 02
Consensus EPS estimates fall by 13% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from JP¥52.0b to JP¥49.6b. EPS estimate also fell from JP¥239 per share to JP¥209 per share. Net income forecast to grow 89% next year vs 16% growth forecast for Semiconductor industry in Japan. Consensus price target up from JP¥6,450 to JP¥8,450. Share price rose 9.8% to JP¥7,930 over the past week. Major Estimate Revision • Feb 21
Consensus revenue estimates increase by 13% The consensus outlook for revenues in fiscal year 2024 has improved. 2024 revenue forecast increased from JP¥46.1b to JP¥52.0b. EPS estimate increased from JP¥170 to JP¥239 per share. Net income forecast to grow 111% next year vs 15% growth forecast for Semiconductor industry in Japan. Consensus price target up from JP¥3,550 to JP¥6,450. Share price rose 43% to JP¥6,560 over the past week. Tillkännagivande • Feb 16
Micronics Japan Co., Ltd., Annual General Meeting, Mar 28, 2024 Micronics Japan Co., Ltd., Annual General Meeting, Mar 28, 2024. Reported Earnings • Feb 16
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: JP¥107 (down from JP¥196 in FY 2022). Revenue: JP¥38.3b (down 14% from FY 2022). Net income: JP¥4.13b (down 45% from FY 2022). Profit margin: 11% (down from 17% in FY 2022). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) also surpassed analyst estimates by 8.3%. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Semiconductor industry in Japan. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 49% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Feb 15
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to JP¥5,280, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 20x in the Semiconductor industry in Japan. Total returns to shareholders of 217% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,455 per share. Valuation Update With 7 Day Price Move • Jan 24
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥4,195, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 20x in the Semiconductor industry in Japan. Total returns to shareholders of 188% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,318 per share. Tillkännagivande • Dec 21
Micronics Japan Co., Ltd. to Report Fiscal Year 2023 Results on Feb 14, 2024 Micronics Japan Co., Ltd. announced that they will report fiscal year 2023 results on Feb 14, 2024 Upcoming Dividend • Dec 21
Upcoming dividend of JP¥29.00 per share at 1.7% yield Eligible shareholders must have bought the stock before 28 December 2023. Payment date: 01 April 2024. Payout ratio is a comfortable 31% but the company is paying out more than the cash it is generating. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.2%). New Risk • Nov 15
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 12% Last year net profit margin: 19% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.1% average weekly change). Minor Risks Dividend is not well covered by cash flows (209% cash payout ratio). Profit margins are more than 30% lower than last year (12% net profit margin). 
