Reported Earnings • May 20
Full year 2026 earnings released: EPS: JP¥361 (vs JP¥462 in FY 2025) Full year 2026 results: EPS: JP¥361 (down from JP¥462 in FY 2025). Revenue: JP¥352.7b (flat on FY 2025). Net income: JP¥34.1b (down 24% from FY 2025). Profit margin: 9.7% (down from 13% in FY 2025). Revenue is forecast to grow 5.6% p.a. on average during the next 2 years, compared to a 2.4% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Duyuru • May 14
Nifco Inc., Annual General Meeting, Jun 24, 2026 Nifco Inc., Annual General Meeting, Jun 24, 2026. Duyuru • May 09
Nifco Inc. to Report Fiscal Year 2026 Results on May 14, 2026 Nifco Inc. announced that they will report fiscal year 2026 results on May 14, 2026 Duyuru • Nov 29
Nifco Inc. to Report Q3, 2026 Results on Feb 05, 2026 Nifco Inc. announced that they will report Q3, 2026 results on Feb 05, 2026 Duyuru • Oct 31
Nifco Inc. (TSE:7988) announces an Equity Buyback for 1,250,000 shares, representing 1.32% for ¥5,000 million. Nifco Inc. (TSE:7988) announces a share repurchase program. Under the program, the company will repurchase up to 1,250,000 shares, representing 1.57% of its total shares outstanding excluding treasury shares, for a total of ¥5,000 million. The purpose of repurchase program is to enhance capital funds efficiency and enable a flexible financial policy in response to changes in the business environment. The repurchase program is valid till January 28, 2026. As of October 31, 2025, the company had 94,459,807 shares outstanding excluding treasury shares and had 5,797,246 shares in treasury. Duyuru • Sep 01
Nifco Inc. to Report Q2, 2026 Results on Oct 31, 2025 Nifco Inc. announced that they will report Q2, 2026 results on Oct 31, 2025 Duyuru • Jul 31
Nifco Inc. (TSE:7988) announces an Equity Buyback for 1,500,000 shares, representing 1.57% for ¥5,000 million. Nifco Inc. (TSE:7988) announces a share repurchase program. Under the program, the company will repurchase up to 1,500,000 shares, representing 1.57% of its total shares outstanding excluding treasury shares, for a total of ¥5,000 million. The purpose of repurchase program is to enhance capital funds efficiency and enable a flexible financial policy in response to changes in the business
environment. The repurchase program is valid till October 30, 2025. As of June 30, 2025, the company had 95,552,281 shares outstanding excluding treasury shares and had 4,704,772 shares in treasury. Duyuru • Jun 27
Nifco Inc. to Report Q1, 2026 Results on Jul 31, 2025 Nifco Inc. announced that they will report Q1, 2026 results on Jul 31, 2025 Duyuru • Jun 26
Nifco Inc. Announces Board and Committees Appointments Nifco Inc. at the general shareholders meeting held on June 24, 2025 announced that the new management structure was formally decided as follow: Michihiro Fukuo Director, Head of R&D & CTO, Head of Manufacturing & CPO (NEW); Satoshi Yamahata Director (External) (NEW); Toshiki Yauchi Audit & Supervisory Committee Member (NEW); Izumi Hayashi Supervisory Committee Member; Mitsuhiro Matsumoto Audit & Supervisory Committee Member; Masaya Nagaoka Executive Officer, Head of Group Strategy Office (as of July 1st, 2025); Norihiko Murata Executive Officer, Head of ESG Promotion Office; Jin Jing-Jun Executive Officer, China 5 Plant Control Officer, President and CEO Dongguan Nifco Co Ltd.; Joan Oliveras Executive Officer, Head of Management Control, CFO & CSO, Europe Business Control Officer (act.); Han Sagong Executive Officer, Nifco Korea Group Control Officer, resident & CEO Nifco Korea Inc. Duyuru • Mar 04
Nifco Inc. to Report Fiscal Year 2025 Results on May 12, 2025 Nifco Inc. announced that they will report fiscal year 2025 results on May 12, 2025 Duyuru • Dec 26
Nifco Inc. (TSE:7988) announces an Equity Buyback for 580,000 shares, representing 0.6% for ¥2,000 million. Nifco Inc. (TSE:7988) announces a share repurchase program. Under the program, the company will repurchase up to 580,000 shares, representing 0.60% of its total shares outstanding excluding treasury shares, for a total of ¥2,000 million. The purpose of repurchase program is to improve capital efficiency and enable flexible financial policies in response to the business environment. The repurchase program is valid till February 26, 2025. As of November 2024, the company had 95,922,519 shares outstanding excluding treasury shares and had 4,334,534 shares in treasury. Duyuru • Nov 30
Nifco Inc. to Report Q3, 2025 Results on Feb 04, 2025 Nifco Inc. announced that they will report Q3, 2025 results on Feb 04, 2025 Duyuru • Nov 05
Nifco Inc. to Report Q3, 2024 Results on Nov 14, 2024 Nifco Inc. announced that they will report Q3, 2024 results on Nov 14, 2024 Reported Earnings • Nov 02
Second quarter 2025 earnings released: EPS: JP¥67.17 (vs JP¥76.21 in 2Q 2024) Second quarter 2025 results: EPS: JP¥67.17 (down from JP¥76.21 in 2Q 2024). Revenue: JP¥90.1b (flat on 2Q 2024). Net income: JP¥6.55b (down 14% from 2Q 2024). Profit margin: 7.3% (down from 8.4% in 2Q 2024). Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 8% per year. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥35.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 27 November 2024. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (3.3%). Duyuru • Aug 27
Nifco Inc. to Report Q2, 2025 Results on Oct 31, 2024 Nifco Inc. announced that they will report Q2, 2025 results on Oct 31, 2024 Duyuru • Aug 22
Nifco Inc. (TSE:7988) announces an Equity Buyback for 850,000 shares, representing 0.87% for ¥3,000 million. Nifco Inc. (TSE:7988) announces a share repurchase program. Under the program, the company will repurchase up to 850,000 shares, representing 0.87% of its total shares outstanding excluding treasury shares, for a total of ¥3,000 million. The purpose of repurchase program is to improve capital efficiency and enable flexible financial policies in response to the business environment. The repurchase program is valid till October 31, 2024. As of July, 2024, the company had 98,031,327 shares outstanding excluding treasury shares and had 2,225,726 shares in treasury. Valuation Update With 7 Day Price Move • Aug 07
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €19.80, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 8x in the Auto Components industry in Germany. Total loss to shareholders of 25% over the past three years. Reported Earnings • Aug 02
First quarter 2025 earnings released: EPS: JP¥89.96 (vs JP¥97.49 in 1Q 2024) First quarter 2025 results: EPS: JP¥89.96 (down from JP¥97.49 in 1Q 2024). Revenue: JP¥86.1b (down 2.1% from 1Q 2024). Net income: JP¥8.84b (down 9.1% from 1Q 2024). Profit margin: 10% (in line with 1Q 2024). Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 7% per year. Declared Dividend • Jul 11
Final dividend of JP¥35.00 announced Shareholders will receive a dividend of JP¥35.00. Ex-date: 27th September 2024 Payment date: 27th November 2024 Dividend yield will be 160%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is well covered by both earnings (25% earnings payout ratio) and cash flows (18% 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. EPS is expected to grow by 68% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Duyuru • Jun 28
Nifco Inc. to Report Q1, 2025 Results on Jul 31, 2024 Nifco Inc. announced that they will report Q1, 2025 results on Jul 31, 2024 Reported Earnings • Jun 25
Full year 2024 earnings released: EPS: JP¥183 (vs JP¥211 in FY 2023) Full year 2024 results: EPS: JP¥183 (down from JP¥211 in FY 2023). Revenue: JP¥371.6b (up 16% from FY 2023). Net income: JP¥18.3b (down 14% from FY 2023). Profit margin: 4.9% (down from 6.6% in FY 2023). Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Duyuru • May 18
Nifco Inc. (TSE:7988) announces an Equity Buyback for 1,300,000 shares, representing 1.3% for ¥4,999.8 million. Nifco Inc. (TSE:7988) announces a share repurchase program. Under the program, the company will repurchase up to 1,300,000 shares, representing 1.3% of its issued share capital (excluding treasury stock), for a total purchase price of ¥4,999.8 million. The shares will be repurchased at a price of ¥3,846 per share. The purpose of the program is to improve capital efficiency and enable flexible financial policies in response to the business environment. Reported Earnings • May 16
Full year 2024 earnings released: EPS: JP¥183 (vs JP¥211 in FY 2023) Full year 2024 results: EPS: JP¥183 (down from JP¥211 in FY 2023). Revenue: JP¥371.6b (up 16% from FY 2023). Net income: JP¥18.3b (down 14% from FY 2023). Profit margin: 4.9% (down from 6.6% in FY 2023). Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Duyuru • May 15
Nifco Inc., Annual General Meeting, Jun 20, 2024 Nifco Inc., Annual General Meeting, Jun 20, 2024. Duyuru • Apr 16
AEQUITA SE & Co KGaA completed the acquisition of Nifco Germany Gmbh and Nifco KTW America Cooperation from Nifco Inc. (TSE:7988). AEQUITA SE & Co KGaA entered into preliminary agreement to acquire Nifco Germany Gmbh and Nifco KTW America Cooperation from Nifco Inc. (TSE:7988) on January 1, 2024. As of 2023, As of March 12, 2024, Date of conclusion of the contract is March 14, 2024. Date of transfer of equity (planned) on March 28, 2024. Mauritz von Einem of ARQIS Rechtsanwälte acted as legal advisor to Nifco Inc.
AEQUITA SE & Co KGaA completed the acquisition of Nifco Germany Gmbh and Nifco KTW America Cooperation from Nifco Inc. (TSE:7988) on April 15, 2024. Duyuru • Mar 27
Nifco Inc. to Report Fiscal Year 2024 Results on May 13, 2024 Nifco Inc. announced that they will report fiscal year 2024 results on May 13, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥32.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 24 June 2024. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (2.8%). Duyuru • Mar 12
Nifco Inc. (TSE:7988) announces an Equity Buyback for 550,000 shares, representing 0.55% for ¥2,000 million. Nifco Inc. (TSE:7988) announces a share repurchase program. Under the program, the company will repurchase up to 550,000 shares, representing 0.55% of its total shares outstanding excluding treasury shares, for a total of ¥2,000 million. The purpose of repurchase program is to improve capital efficiency and enable flexible financial policy according to the business environment. The repurchase program is valid till April 30, 2024. As of February 29, 2024, the company had 99,776,985 shares outstanding excluding treasury shares and had 480,068 shares in treasury. Reported Earnings • Feb 08
Third quarter 2024 earnings released: EPS: JP¥61.06 (vs JP¥46.77 in 3Q 2023) Third quarter 2024 results: EPS: JP¥61.06 (up from JP¥46.77 in 3Q 2023). Revenue: JP¥94.9b (up 11% from 3Q 2023). Net income: JP¥6.07b (up 30% from 3Q 2023). Profit margin: 6.4% (up from 5.5% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Auto Components 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 8% per year, which means it is significantly lagging earnings. Duyuru • Dec 28
Nifco Inc. to Report Q3, 2024 Results on Feb 05, 2024 Nifco Inc. announced that they will report Q3, 2024 results on Feb 05, 2024 Reported Earnings • Nov 01
Second quarter 2024 earnings released: EPS: JP¥76.21 (vs JP¥57.90 in 2Q 2023) Second quarter 2024 results: EPS: JP¥76.21 (up from JP¥57.90 in 2Q 2023). Revenue: JP¥90.9b (up 20% from 2Q 2023). Net income: JP¥7.61b (up 31% from 2Q 2023). Profit margin: 8.4% (up from 7.7% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Auto Components industry in Germany. Duyuru • Sep 27
Nifco Inc. (TSE:7988) announces an Equity Buyback for 470,000 shares, representing 0.47% for ¥2,000 million. Nifco Inc. (TSE:7988) announces a share repurchase program. Under the program, the company will repurchase up to 470,000 shares, representing 0.47% of its issued share capital (excluding treasury stock), for a total purchase price of ¥2,000 million. The purpose of the program is to improve capital efficiency and enable flexible financial policies in response to the business environment. The program will continue through November 30, 2023. As of end of August 2023, the company had 100,247,053 issued shares (excluding treasury stock) and 7,261,901 treasury shares. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥32.00 per share at 1.6% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 28 November 2023. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (2.6%). Duyuru • Aug 30
Nifco Inc. to Report Q2, 2024 Results on Oct 31, 2023 Nifco Inc. announced that they will report Q2, 2024 results on Oct 31, 2023 Reported Earnings • Aug 01
First quarter 2024 earnings released: EPS: JP¥97.49 (vs JP¥80.21 in 1Q 2023) First quarter 2024 results: EPS: JP¥97.49 (up from JP¥80.21 in 1Q 2023). Revenue: JP¥88.0b (up 21% from 1Q 2023). Net income: JP¥9.73b (up 21% from 1Q 2023). Profit margin: 11% (in line with 1Q 2023). Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Auto Components industry in Germany. Board Change • Jul 25
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Outside Director Izumi Hayashi was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Duyuru • Jun 28
Nifco Inc. to Report Q1, 2024 Results on Jul 31, 2023 Nifco Inc. announced that they will report Q1, 2024 results on Jul 31, 2023 Reported Earnings • May 16
Full year 2023 earnings released: EPS: JP¥211 (vs JP¥227 in FY 2022) Full year 2023 results: EPS: JP¥211 (down from JP¥227 in FY 2022). Revenue: JP¥321.8b (up 13% from FY 2022). Net income: JP¥21.2b (down 7.8% from FY 2022). Profit margin: 6.6% (down from 8.1% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Auto Components industry in Germany. Duyuru • May 14
Nifco Inc., Annual General Meeting, Jun 22, 2023 Nifco Inc., Annual General Meeting, Jun 22, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥33.00 per share at 1.8% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 26 June 2023. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (2.5%). Reported Earnings • Feb 05
Third quarter 2023 earnings released: EPS: JP¥46.77 (vs JP¥46.39 in 3Q 2022) Third quarter 2023 results: EPS: JP¥46.77 (up from JP¥46.39 in 3Q 2022). Revenue: JP¥85.9b (up 25% from 3Q 2022). Net income: JP¥4.69b (flat on 3Q 2022). Profit margin: 5.5% (down from 6.8% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Auto Components industry in Germany. Buying Opportunity • Dec 29
Now 20% undervalued Over the last 90 days, the stock is up 2.9%. The fair value is estimated to be €26.55, however this is not to be taken as a buy 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 18%. For the next 3 years, revenue is forecast to grow by 6.6% per annum. Earnings is also forecast to grow by 8.6% per annum over the same time period. Duyuru • Dec 11
Nifco Inc. to Report Q3, 2023 Results on Feb 03, 2023 Nifco Inc. announced that they will report Q3, 2023 results on Feb 03, 2023 Board Change • Nov 16
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Junji Honda was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 30
Second quarter 2023 earnings released: EPS: JP¥57.90 (vs JP¥57.09 in 2Q 2022) Second quarter 2023 results: EPS: JP¥57.90 (up from JP¥57.09 in 2Q 2022). Revenue: JP¥75.7b (up 9.3% from 2Q 2022). Net income: JP¥5.81b (flat on 2Q 2022). Profit margin: 7.7% (down from 8.4% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Auto Components industry in Germany. Duyuru • Sep 29
Nifco Inc. to Report Q2, 2023 Results on Oct 28, 2022 Nifco Inc. announced that they will report Q2, 2023 results on Oct 28, 2022 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥31.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 29 November 2022. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (3.7%). Reported Earnings • Aug 15
First quarter 2023 earnings released: EPS: JP¥80.21 (vs JP¥60.10 in 1Q 2022) First quarter 2023 results: EPS: JP¥80.21 (up from JP¥60.10 in 1Q 2022). Revenue: JP¥72.6b (up 3.2% from 1Q 2022). Net income: JP¥8.04b (up 32% from 1Q 2022). Profit margin: 11% (up from 8.7% in 1Q 2022). Over the next year, revenue is forecast to grow 11%, compared to a 9.8% growth forecast for the Auto Components industry in Germany. Board Change • Aug 15
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Junji Honda was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jul 31
First quarter 2023 earnings released: EPS: JP¥80.21 (vs JP¥60.10 in 1Q 2022) First quarter 2023 results: EPS: JP¥80.21 (up from JP¥60.10 in 1Q 2022). Revenue: JP¥72.6b (up 3.2% from 1Q 2022). Net income: JP¥8.04b (up 32% from 1Q 2022). Profit margin: 11% (up from 8.7% in 1Q 2022). Over the next year, revenue is forecast to grow 11%, compared to a 10% growth forecast for the industry in Germany. Duyuru • Jul 07
Nifco Inc. to Report Q1, 2023 Results on Jul 29, 2022 Nifco Inc. announced that they will report Q1, 2023 results on Jul 29, 2022 Reported Earnings • May 16
Full year 2022 earnings released: EPS: JP¥227 (vs JP¥181 in FY 2021) Full year 2022 results: EPS: JP¥227 (up from JP¥181 in FY 2021). Revenue: JP¥283.8b (up 11% from FY 2021). Net income: JP¥23.0b (up 25% from FY 2021). Profit margin: 8.1% (up from 7.2% in FY 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 7.7%, compared to a 9.7% growth forecast for the industry in Germany. Duyuru • May 15
Nifco Inc., Annual General Meeting, Jun 23, 2022 Nifco Inc., Annual General Meeting, Jun 23, 2022. Board Change • Apr 27
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Director Junji Honda was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Duyuru • Apr 08
Nifco Inc. to Report Fiscal Year 2022 Results on May 13, 2022 Nifco Inc. announced that they will report fiscal year 2022 results on May 13, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥31.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 25 June 2022. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of German dividend payers (3.6%). Lower than average of industry peers (3.3%). Buying Opportunity • Feb 19
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 4.3%. The fair value is estimated to be JP¥33.09, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.5% per annum over the last 3 years. Earnings per share has grown by 5.8% per annum over the last 3 years. Reported Earnings • Feb 04
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥46.39 (down from JP¥67.58 in 3Q 2021). Revenue: JP¥68.8b (down 3.3% from 3Q 2021). Net income: JP¥4.67b (down 32% from 3Q 2021). Profit margin: 6.8% (down from 9.6% in 3Q 2021). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 6.0% compared to a 2.9% decline forecast for the industry in Germany. Buying Opportunity • Jan 29
Now 25% undervalued after recent price drop Over the last 90 days, the stock is down 9.0%. The fair value is estimated to be JP¥32.53, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.0% per annum over the last 3 years. Earnings per share has been flat over the last 3 years. Duyuru • Dec 05
Nifco Inc. (TSE:7988) announces an Equity Buyback for 320,000 shares, representing 0.32% for ¥1,000 million. Nifco Inc. (TSE:7988) announces a share repurchase program. Under the program, the company will repurchase up to 320,000 shares, representing 0.32% of its issued share capital (excluding treasury stock), for a total purchase price of ¥1,000 million. The purpose of the program is to improve capital efficiency and enable flexible fiscal policy according to the business environment. The program will continue through January 5, 2022. As of November 30, 2021, the company had 101,214,838 issued shares (excluding treasury stock) and 6,294,116 treasury shares. Reported Earnings • Oct 30
Second quarter 2022 earnings released: EPS JP¥57.09 (vs JP¥12.92 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥69.3b (up 38% from 2Q 2021). Net income: JP¥5.79b (up 341% from 2Q 2021). Profit margin: 8.4% (up from 2.6% in 2Q 2021). The increase in margin was driven by higher revenue. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥31.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 30 November 2021. Trailing yield: 1.7%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (2.1%). Reported Earnings • Jun 30
Full year 2021 earnings released 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¥256.1b (down 11% from FY 2020). Net income: JP¥18.4b (flat on FY 2020). Profit margin: 7.2% (up from 6.4% in FY 2020). The increase in margin was driven by lower expenses. Reported Earnings • May 15
Full year 2021 earnings released: EPS JP¥181 (vs JP¥178 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¥256.1b (down 11% from FY 2020). Net income: JP¥18.4b (flat on FY 2020). Profit margin: 7.2% (up from 6.4% in FY 2020). The increase in margin was driven by lower expenses. Reported Earnings • Feb 06
Third quarter 2021 earnings released: EPS JP¥67.57 (vs JP¥52.59 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥71.1b (up 3.4% from 3Q 2020). Net income: JP¥6.86b (up 27% from 3Q 2020). Profit margin: 9.6% (up from 7.9% in 3Q 2020). The increase in margin was driven by higher revenue. Analyst Estimate Surprise Post Earnings • Feb 06
Revenue beats expectations Revenue exceeded analyst estimates by 7.6%. Over the next year, revenue is forecast to grow 11%, compared to a 9.6% growth forecast for the Auto Components industry in Germany.