Valuation Update With 7 Day Price Move • Jul 13
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥1,561, the stock trades at a trailing P/E ratio of 5.8x. Average trailing P/E is 16x in the Electronic industry in Japan. Total returns to shareholders of 68% over the past three years. Reported Earnings • Jul 09
Full year 2026 earnings released: EPS: JP¥267 (vs JP¥213 in FY 2025) Full year 2026 results: EPS: JP¥267 (up from JP¥213 in FY 2025). Revenue: JP¥120.3b (up 23% from FY 2025). Net income: JP¥2.13b (up 26% from FY 2025). Profit margin: 1.8% (in line with FY 2025). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. New Risk • Jul 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.6% 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: Major Risk Debt is not well covered by operating cash flow (20% operating cash flow to total debt). 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 (6.6% average weekly change). Market cap is less than US$100m (JP¥12.6b market cap, or US$77.8m). Tillkännagivande • Jul 06
Mitachi Co., Ltd., Annual General Meeting, Aug 28, 2026 Mitachi Co., Ltd., Annual General Meeting, Aug 28, 2026. Tillkännagivande • May 23
Mitachi Co., Ltd. to Report Fiscal Year 2026 Results on Jul 03, 2026 Mitachi Co., Ltd. announced that they will report fiscal year 2026 results on Jul 03, 2026 Upcoming Dividend • May 21
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 28 May 2026. Payment date: 25 August 2026. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.3%). Reported Earnings • Apr 05
Third quarter 2026 earnings released: EPS: JP¥59.09 (vs JP¥63.87 in 3Q 2025) Third quarter 2026 results: EPS: JP¥59.09 (down from JP¥63.87 in 3Q 2025). Revenue: JP¥29.8b (up 2.8% from 3Q 2025). Net income: JP¥471.0m (down 7.5% from 3Q 2025). Profit margin: 1.6% (down from 1.8% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 16% per year. Tillkännagivande • Apr 02
Mitachi Co., Ltd. to Report Q3, 2026 Results on Apr 03, 2026 Mitachi Co., Ltd. announced that they will report Q3, 2026 results on Apr 03, 2026 New Risk • Mar 23
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥15.3b (US$96.3m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks High level of debt (43% net debt to equity). 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 (6.8% average weekly change). Market cap is less than US$100m (JP¥15.3b market cap, or US$96.3m). Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥2,030, the stock trades at a trailing P/E ratio of 7.3x. Average trailing P/E is 17x in the Electronic industry in Japan. Total returns to shareholders of 71% over the past three years. New Risk • Mar 04
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 Japanese stocks, typically moving 5.7% 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 High level of debt (43% net debt to equity). 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 (5.7% average weekly change). Declared Dividend • Feb 11
First half dividend of JP¥30.00 announced Shareholders will receive a dividend of JP¥30.00. Ex-date: 28th May 2026 Payment date: 25th August 2026 Dividend yield will be 3.2%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (27% earnings payout ratio) and cash flows (21% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 48% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Dec 26
Second quarter 2026 earnings released: EPS: JP¥83.31 (vs JP¥61.63 in 2Q 2025) Second quarter 2026 results: EPS: JP¥83.31 (up from JP¥61.63 in 2Q 2025). Revenue: JP¥30.6b (flat on 2Q 2025). Net income: JP¥664.0m (up 35% from 2Q 2025). Profit margin: 2.2% (up from 1.6% in 2Q 2025). 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 24% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Nov 26
Mitachi Co., Ltd. to Report Q2, 2026 Results on Dec 25, 2025 Mitachi Co., Ltd. announced that they will report Q2, 2026 results on Dec 25, 2025 Upcoming Dividend • Nov 20
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 27 November 2025. Payment date: 10 February 2026. Payout ratio is a comfortable 24% but the company is not cash flow positive. Trailing yield: 3.6%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.8%). Reported Earnings • Oct 04
First quarter 2026 earnings released: EPS: JP¥70.65 (vs JP¥28.50 in 1Q 2025) First quarter 2026 results: EPS: JP¥70.65 (up from JP¥28.50 in 1Q 2025). Revenue: JP¥27.7b (up 199% from 1Q 2025). Net income: JP¥563.0m (up 148% from 1Q 2025). Profit margin: 2.0% (down from 2.4% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Declared Dividend • Sep 08
Final dividend increased to JP¥30.00 Dividend of JP¥30.00 is 20% higher than last year. Ex-date: 27th November 2025 Payment date: 10th February 2026 Dividend yield will be 4.6%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (28% 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 11% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 28% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Tillkännagivande • Aug 26
Mitachi Co., Ltd. to Report Q1, 2026 Results on Oct 03, 2025 Mitachi Co., Ltd. announced that they will report Q1, 2026 results on Oct 03, 2025 Tillkännagivande • Jul 06
Mitachi Co., Ltd., Annual General Meeting, Aug 22, 2025 Mitachi Co., Ltd., Annual General Meeting, Aug 22, 2025. Reported Earnings • Jul 05
Full year 2025 earnings released: EPS: JP¥213 (vs JP¥153 in FY 2024) Full year 2025 results: EPS: JP¥213 (up from JP¥153 in FY 2024). Revenue: JP¥98.2b (up 152% from FY 2024). Net income: JP¥1.70b (up 39% from FY 2024). Profit margin: 1.7% (down from 3.1% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Tillkännagivande • May 22
Mitachi Co., Ltd. to Report Fiscal Year 2025 Results on Jul 04, 2025 Mitachi Co., Ltd. announced that they will report fiscal year 2025 results on Jul 04, 2025 Buy Or Sell Opportunity • Apr 08
Now 33% overvalued Over the last 90 days, the stock has fallen 10% to JP¥1,041. The fair value is estimated to be JP¥785, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has declined by 11%. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to JP¥941, the stock trades at a trailing P/E ratio of 4.9x. Average trailing P/E is 11x in the Electronic industry in Japan. Total returns to shareholders of 25% over the past three years. Reported Earnings • Apr 02
Third quarter 2025 earnings released: EPS: JP¥63.87 (vs JP¥28.12 in 3Q 2024) Third quarter 2025 results: EPS: JP¥63.87 (up from JP¥28.12 in 3Q 2024). Revenue: JP¥29.0b (up 200% from 3Q 2024). Net income: JP¥509.0m (up 127% from 3Q 2024). Profit margin: 1.8% (down from 2.3% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Tillkännagivande • Feb 27
Mitachi Co., Ltd. to Report Q3, 2025 Results on Mar 28, 2025 Mitachi Co., Ltd. announced that they will report Q3, 2025 results on Mar 28, 2025 Declared Dividend • Feb 11
First half dividend of JP¥25.00 announced Dividend of JP¥25.00 is the same as last year. Ex-date: 29th May 2025 Payment date: 26th August 2025 Dividend yield will be 4.5%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (16% 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 9.6% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 8.8% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. New Risk • Dec 28
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (66% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (2.1% net profit margin). Market cap is less than US$100m (JP¥9.39b market cap, or US$59.5m). Reported Earnings • Dec 28
Second quarter 2025 earnings released: EPS: JP¥61.63 (vs JP¥50.49 in 2Q 2024) Second quarter 2025 results: EPS: JP¥61.63 (up from JP¥50.49 in 2Q 2024). Revenue: JP¥30.6b (up 195% from 2Q 2024). Net income: JP¥491.0m (up 22% from 2Q 2024). Profit margin: 1.6% (down from 3.9% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Upcoming Dividend • Nov 21
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 28 November 2024. Payment date: 10 February 2025. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 4.4%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.6%). Tillkännagivande • Nov 21
Mitachi Co., Ltd. to Report Q2, 2025 Results on Dec 26, 2024 Mitachi Co., Ltd. announced that they will report Q2, 2025 results on Dec 26, 2024 Reported Earnings • Oct 09
First quarter 2025 earnings released: EPS: JP¥28.50 (vs JP¥38.06 in 1Q 2024) First quarter 2025 results: EPS: JP¥28.50 (down from JP¥38.06 in 1Q 2024). Revenue: JP¥9.27b (down 4.0% from 1Q 2024). Net income: JP¥227.0m (down 25% from 1Q 2024). Profit margin: 2.4% (down from 3.1% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Declared Dividend • Sep 19
Final dividend of JP¥25.00 announced Shareholders will receive a dividend of JP¥25.00. Ex-date: 28th November 2024 Payment date: 10th February 2025 Dividend yield will be 4.4%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (29% earnings payout ratio) and cash flows (50% cash payout ratio). The dividend has increased by an average of 9.6% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 4.5% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Tillkännagivande • Aug 27
Mitachi Co., Ltd. to Report Q1, 2025 Results on Oct 04, 2024 Mitachi Co., Ltd. announced that they will report Q1, 2025 results on Oct 04, 2024 Buy Or Sell Opportunity • Aug 06
Now 31% overvalued Over the last 90 days, the stock has fallen 7.6% to JP¥1,068. The fair value is estimated to be JP¥812, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 5.7%. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to JP¥950, the stock trades at a trailing P/E ratio of 6.2x. Average trailing P/E is 12x in the Electronic industry in Japan. Total returns to shareholders of 36% over the past three years. Reported Earnings • Jul 08
Full year 2024 earnings released: EPS: JP¥153 (vs JP¥213 in FY 2023) Full year 2024 results: EPS: JP¥153 (down from JP¥213 in FY 2023). Revenue: JP¥38.9b (down 10% from FY 2023). Net income: JP¥1.22b (down 28% from FY 2023). Profit margin: 3.1% (down from 3.9% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Jul 06
Mitachi Co., Ltd., Annual General Meeting, Aug 23, 2024 Mitachi Co., Ltd., Annual General Meeting, Aug 23, 2024. Tillkännagivande • May 25
Mitachi Co., Ltd. to Report Fiscal Year 2024 Results on Jul 05, 2024 Mitachi Co., Ltd. announced that they will report fiscal year 2024 results on Jul 05, 2024 Upcoming Dividend • May 23
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 30 May 2024. Payment date: 28 August 2024. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 3.5%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.5%). Reported Earnings • Mar 31
Third quarter 2024 earnings released: EPS: JP¥28.12 (vs JP¥43.47 in 3Q 2023) Third quarter 2024 results: EPS: JP¥28.12 (down from JP¥43.47 in 3Q 2023). Revenue: JP¥9.67b (down 4.6% from 3Q 2023). Net income: JP¥224.0m (down 35% from 3Q 2023). Profit margin: 2.3% (down from 3.4% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 22% per year. Tillkännagivande • Feb 28
Mitachi Co., Ltd. to Report Q3, 2024 Results on Mar 29, 2024 Mitachi Co., Ltd. announced that they will report Q3, 2024 results on Mar 29, 2024 Reported Earnings • Dec 28
Second quarter 2024 earnings released: EPS: JP¥50.49 (vs JP¥54.16 in 2Q 2023) Second quarter 2024 results: EPS: JP¥50.49 (down from JP¥54.16 in 2Q 2023). Revenue: JP¥10.4b (down 11% from 2Q 2023). Net income: JP¥402.0m (down 6.7% from 2Q 2023). Profit margin: 3.9% (up from 3.7% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Dec 27
Mitachi Co., Ltd. Announces Dividend for the Second Quarter Ended November 2023, Payable on February 9, 2024; Provides Dividend Guidance for the Year Ending May 31, 2024 Mitachi Co., Ltd. announced dividend of JPY 20.00 per share for the second quarter ended November 2023 compared to JPY 30.00 per share paid a year ago. Dividend Payable Date: February 9, 2024.For the year ending May 31, 2024, the company expects to pay dividend of JPY 20.00 per share compared to JPY 35.00 per share paid a year ago. Tillkännagivande • Nov 24
Mitachi Co., Ltd. to Report Q2, 2024 Results on Dec 27, 2023 Mitachi Co., Ltd. announced that they will report Q2, 2024 results on Dec 27, 2023 Upcoming Dividend • Nov 22
Upcoming dividend of JP¥20.00 per share at 3.5% yield Eligible shareholders must have bought the stock before 29 November 2023. Payment date: 13 February 2024. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 3.5%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.5%). Reported Earnings • Oct 07
First quarter 2024 earnings released: EPS: JP¥38.06 (vs JP¥91.69 in 1Q 2023) First quarter 2024 results: EPS: JP¥38.06 (down from JP¥91.69 in 1Q 2023). Revenue: JP¥9.65b (down 20% from 1Q 2023). Net income: JP¥303.0m (down 58% from 1Q 2023). Profit margin: 3.1% (down from 6.1% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Aug 27
Mitachi Co., Ltd. to Report Q1, 2024 Results on Oct 06, 2023 Mitachi Co., Ltd. announced that they will report Q1, 2024 results on Oct 06, 2023 Valuation Update With 7 Day Price Move • Jul 14
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to JP¥1,064, the stock trades at a trailing P/E ratio of 5x. Average trailing P/E is 12x in the Electronic industry in Japan. Total returns to shareholders of 109% over the past three years. New Risk • Jul 11
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 Japanese stocks, typically moving 5.9% 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 Share price has been volatile over the past 3 months (5.9% average weekly change). Market cap is less than US$100m (JP¥9.28b market cap, or US$65.7m). Reported Earnings • Jul 09
Full year 2023 earnings released: EPS: JP¥213 (vs JP¥185 in FY 2022) Full year 2023 results: EPS: JP¥213 (up from JP¥185 in FY 2022). Revenue: JP¥43.3b (up 1.8% from FY 2022). Net income: JP¥1.69b (up 16% from FY 2022). Profit margin: 3.9% (up from 3.4% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. Tillkännagivande • May 31
Mitachi Co., Ltd. to Report Fiscal Year 2023 Results on Jul 07, 2023 Mitachi Co., Ltd. announced that they will report fiscal year 2023 results on Jul 07, 2023 Upcoming Dividend • May 23
Upcoming dividend of JP¥35.00 per share at 3.9% yield Eligible shareholders must have bought the stock before 30 May 2023. Payment date: 29 August 2023. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.5%). Reported Earnings • Apr 01
Third quarter 2023 earnings released: EPS: JP¥43.47 (vs JP¥47.49 in 3Q 2022) Third quarter 2023 results: EPS: JP¥43.47 (down from JP¥47.49 in 3Q 2022). Revenue: JP¥10.1b (down 5.8% from 3Q 2022). Net income: JP¥346.0m (down 8.2% from 3Q 2022). Profit margin: 3.4% (down from 3.5% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 42% per year, which means it is significantly lagging earnings growth. Reported Earnings • Dec 28
Second quarter 2023 earnings released: EPS: JP¥54.16 (vs JP¥56.71 in 2Q 2022) Second quarter 2023 results: EPS: JP¥54.16 (down from JP¥56.71 in 2Q 2022). Revenue: JP¥11.6b (flat on 2Q 2022). Net income: JP¥431.0m (down 4.0% from 2Q 2022). Profit margin: 3.7% (down from 3.9% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Nov 24
Mitachi Co., Ltd. to Report Q2, 2023 Results on Dec 27, 2022 Mitachi Co., Ltd. announced that they will report Q2, 2023 results on Dec 27, 2022 Upcoming Dividend • Nov 22
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 29 November 2022. Payment date: 10 February 2023. Payout ratio is a comfortable 17% but the company is not cash flow positive. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.6%). Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment improved over the past week After last week's 17% share price gain to JP¥1,156, the stock trades at a trailing P/E ratio of 4.9x. Average trailing P/E is 11x in the Electronic industry in Japan. Total returns to shareholders of 65% over the past three years. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 7 highly experienced directors. No independent directors (6 non-independent directors). External Director Akimitsu Nakahama was the last 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: Lack of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Sep 22
Investor sentiment improved over the past week After last week's 15% share price gain to JP¥877, the stock trades at a trailing P/E ratio of 4.8x. Average trailing P/E is 12x in the Electronic industry in Japan. Total returns to shareholders of 43% over the past three years. Reported Earnings • Sep 04
Full year 2022 earnings released: EPS: JP¥185 (vs JP¥84.12 in FY 2021) Full year 2022 results: EPS: JP¥185 (up from JP¥84.12 in FY 2021). Revenue: JP¥42.5b (up 26% from FY 2021). Net income: JP¥1.47b (up 120% from FY 2021). Profit margin: 3.4% (up from 2.0% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Aug 27
Mitachi Co., Ltd. to Report Q1, 2023 Results on Sep 30, 2022 Mitachi Co., Ltd. announced that they will report Q1, 2023 results on Sep 30, 2022 Tillkännagivande • Jul 17
Mitachi Co., Ltd., Annual General Meeting, Aug 26, 2022 Mitachi Co., Ltd., Annual General Meeting, Aug 26, 2022. Reported Earnings • Jul 17
Full year 2022 earnings released: EPS: JP¥185 (vs JP¥84.12 in FY 2021) Full year 2022 results: EPS: JP¥185 (up from JP¥84.12 in FY 2021). Revenue: JP¥42.5b (up 26% from FY 2021). Net income: JP¥1.47b (up 120% from FY 2021). Profit margin: 3.4% (up from 2.0% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Tillkännagivande • May 27
Mitachi Co., Ltd. to Report Fiscal Year 2022 Results on Jul 15, 2022 Mitachi Co., Ltd. announced that they will report fiscal year 2022 results on Jul 15, 2022 Upcoming Dividend • May 23
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 30 May 2022. Payment date: 30 August 2022. Payout ratio is a comfortable 14% but the company is paying out more than the cash it is generating. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.6%). Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 6 highly experienced directors. No independent directors (6 non-independent directors). External Director Akimitsu Nakahama was the last 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: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Mar 28
Third quarter 2022 earnings released: EPS: JP¥47.49 (vs JP¥23.15 in 3Q 2021) Third quarter 2022 results: EPS: JP¥47.49 (up from JP¥23.15 in 3Q 2021). Revenue: JP¥10.8b (up 28% from 3Q 2021). Net income: JP¥377.0m (up 106% from 3Q 2021). Profit margin: 3.5% (up from 2.2% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 7% per year. Tillkännagivande • Feb 26
Mitachi Co., Ltd. to Report Q3, 2022 Results on Mar 25, 2022 Mitachi Co., Ltd. announced that they will report Q3, 2022 results on Mar 25, 2022 Valuation Update With 7 Day Price Move • Dec 31
Investor sentiment improved over the past week After last week's 21% share price gain to JP¥1,164, the stock trades at a trailing P/E ratio of 7.3x. Average trailing P/E is 14x in the Electronic industry in Japan. Total returns to shareholders of 89% over the past three years. Reported Earnings • Dec 27
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Second quarter 2022 results: EPS: JP¥56.71 (up from JP¥23.28 in 2Q 2021). Revenue: JP¥11.6b (up 26% from 2Q 2021). Net income: JP¥449.0m (up 144% from 2Q 2021). Profit margin: 3.9% (up from 2.0% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings.