Valuation Update With 7 Day Price Move • 6h
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €11.70, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 13x in the Machinery industry in Germany. Total returns to shareholders of 88% over the past three years. Board Change • May 20
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 new directors. 3 experienced directors. 1 highly experienced director. 2 independent directors (3 non-independent directors). GM of Quality Assurance Div. & Executive Director Seiya Kato is the most experienced director on the board, commencing their role in 2009. Independent Outside Director Toshiko Nitta was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Duyuru • May 15
Advanex Inc., Annual General Meeting, Jun 25, 2026 Advanex Inc., Annual General Meeting, Jun 25, 2026. Duyuru • Jan 07
Advanex Inc. announces Annual dividend, payable on June 27, 2026 Advanex Inc. announced Annual dividend of JPY 20.0000 per share payable on June 27, 2026, ex-date on March 30, 2026 and record date on March 31, 2026. Duyuru • May 15
Advanex Inc., Annual General Meeting, Jun 26, 2025 Advanex Inc., Annual General Meeting, Jun 26, 2025. Reported Earnings • Nov 14
Second quarter 2025 earnings released: JP¥241 loss per share (vs JP¥15.83 loss in 2Q 2024) Second quarter 2025 results: JP¥241 loss per share (further deteriorated from JP¥15.83 loss in 2Q 2024). Revenue: JP¥7.00b (up 1.1% from 2Q 2024). Net loss: JP¥990.0m (loss widened JP¥925.0m from 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 54 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 15
First quarter 2025 earnings released: EPS: JP¥16.07 (vs JP¥103 in 1Q 2024) First quarter 2025 results: EPS: JP¥16.07 (down from JP¥103 in 1Q 2024). Revenue: JP¥6.83b (up 8.3% from 1Q 2024). Net income: JP¥66.0m (down 84% from 1Q 2024). Profit margin: 1.0% (down from 6.7% in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to €4.76, the stock trades at a trailing P/E ratio of 11.5x. Average trailing P/E is 15x in the Machinery industry in Germany. Total loss to shareholders of 48% over the past three years. Reported Earnings • May 13
Full year 2024 earnings released: EPS: JP¥65.25 (vs JP¥14.61 in FY 2023) Full year 2024 results: EPS: JP¥65.25 (up from JP¥14.61 in FY 2023). Revenue: JP¥26.5b (up 7.8% from FY 2023). Net income: JP¥268.0m (up 347% from FY 2023). Profit margin: 1.0% (up from 0.2% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 50% 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. Duyuru • May 12
Advanex Inc., Annual General Meeting, Jun 27, 2024 Advanex Inc., Annual General Meeting, Jun 27, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (3.2%). Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment improves as stock rises 34% After last week's 34% share price gain to €8.40, the stock trades at a trailing P/E ratio of 20.9x. Average trailing P/E is 14x in the Machinery industry in Germany. Total loss to shareholders of 24% over the past three years. Reported Earnings • Feb 11
Third quarter 2024 earnings released: JP¥46.75 loss per share (vs JP¥64.51 loss in 3Q 2023) Third quarter 2024 results: JP¥46.75 loss per share (improved from JP¥64.51 loss in 3Q 2023). Revenue: JP¥6.70b (up 6.2% from 3Q 2023). Net loss: JP¥192.0m (loss narrowed 28% from 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 12
Second quarter 2024 earnings released: JP¥15.83 loss per share (vs JP¥49.90 profit in 2Q 2023) Second quarter 2024 results: JP¥15.83 loss per share (down from JP¥49.90 profit in 2Q 2023). Revenue: JP¥6.93b (up 11% from 2Q 2023). Net loss: JP¥65.0m (down 132% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 13
First quarter 2024 earnings released: EPS: JP¥103 (vs JP¥5.11 in 1Q 2023) First quarter 2024 results: EPS: JP¥103 (up from JP¥5.11 in 1Q 2023). Revenue: JP¥6.31b (up 12% from 1Q 2023). Net income: JP¥423.0m (up JP¥402.0m from 1Q 2023). Profit margin: 6.7% (up from 0.4% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Reported Earnings • May 16
Full year 2023 earnings released: EPS: JP¥14.61 (vs JP¥19.97 loss in FY 2022) Full year 2023 results: EPS: JP¥14.61 (up from JP¥19.97 loss in FY 2022). Revenue: JP¥24.6b (up 13% from FY 2022). Net income: JP¥60.0m (up JP¥142.0m from FY 2022). Profit margin: 0.2% (up from net loss in FY 2022). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥10.00 per share at 0.8% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 29 June 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 0.8%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (2.9%). Reported Earnings • Feb 15
Third quarter 2023 earnings released: JP¥64.51 loss per share (vs JP¥21.18 loss in 3Q 2022) Third quarter 2023 results: JP¥64.51 loss per share (further deteriorated from JP¥21.18 loss in 3Q 2022). Revenue: JP¥6.31b (up 17% from 3Q 2022). Net loss: JP¥265.0m (loss widened 205% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Outside Audit & Supervisory Board Member Yoshimi Nakamura was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 13
Second quarter 2023 earnings released: EPS: JP¥49.90 (vs JP¥3.65 loss in 2Q 2022) Second quarter 2023 results: EPS: JP¥49.90 (up from JP¥3.65 loss in 2Q 2022). Revenue: JP¥6.24b (up 15% from 2Q 2022). Net income: JP¥205.0m (up JP¥220.0m from 2Q 2022). Profit margin: 3.3% (up from net loss in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Duyuru • Sep 29
Advanex Inc. to Report Q2, 2023 Results on Nov 11, 2022 Advanex Inc. announced that they will report Q2, 2023 results on Nov 11, 2022 Reported Earnings • Aug 12
First quarter 2023 earnings released: EPS: JP¥5.11 (vs JP¥9.76 in 1Q 2022) First quarter 2023 results: EPS: JP¥5.11 (down from JP¥9.76 in 1Q 2022). Revenue: JP¥5.65b (up 5.9% from 1Q 2022). Net income: JP¥21.0m (down 48% from 1Q 2022). Profit margin: 0.4% (down from 0.8% in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Duyuru • Jul 02
Advanex Inc. to Report Q3, 2023 Results on Feb 13, 2023 Advanex Inc. announced that they will report Q3, 2023 results on Feb 13, 2023 Board Change • Jun 17
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Outside Independent Director Shigeru Yokono was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • May 19
Full year 2022 earnings released: EPS: JP¥4.14 (vs JP¥155 in FY 2021) Full year 2022 results: EPS: JP¥4.14 (down from JP¥155 in FY 2021). Revenue: JP¥21.7b (up 11% from FY 2021). Net income: JP¥17.0m (down 97% from FY 2021). Profit margin: 0.1% (down from 3.2% in FY 2021). Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Duyuru • May 18
Advanex Inc., Annual General Meeting, Jun 28, 2022 Advanex Inc., Annual General Meeting, Jun 28, 2022. Duyuru • May 02
Advanex Inc. to Report Q1, 2023 Results on Aug 10, 2022 Advanex Inc. announced that they will report Q1, 2023 results on Aug 10, 2022 Board Change • Apr 27
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 7 new directors. 2 experienced directors. 1 highly experienced director. 3 independent directors (4 non-independent directors). President, CEO & Representative Director Seiya Kato is the most experienced director on the board, commencing their role in 2012. Outside Independent Director Shigeru Yokono was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 30 June 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 0.6%. Lower than top quartile of German dividend payers (3.6%). Lower than average of industry peers (1.9%). Reported Earnings • Feb 11
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: JP¥21.18 loss per share (down from JP¥262 profit in 3Q 2021). Revenue: JP¥5.41b (flat on 3Q 2021). Net loss: JP¥87.0m (down 108% from profit in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 12
Second quarter 2022 earnings released: JP¥3.65 loss per share (vs JP¥11.00 loss in 2Q 2021) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2022 results: Revenue: JP¥5.44b (up 16% from 2Q 2021). Net loss: JP¥15.0m (loss narrowed 67% from 2Q 2021). Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jul 02
Investor sentiment improved over the past week After last week's 16% share price gain to JP¥11.10, the stock trades at a trailing P/E ratio of 9x. Average trailing P/E is 41x in the Machinery industry in Germany. Total loss to shareholders of 12% over the past three years. Reported Earnings • May 17
Full year 2021 earnings released: EPS JP¥155 (vs JP¥145 loss in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥19.5b (down 8.2% from FY 2020). Net income: JP¥634.0m (up JP¥1.23b from FY 2020). Profit margin: 3.2% (up from net loss in FY 2020). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings. Reported Earnings • Feb 11
Third quarter 2021 earnings released: EPS JP¥262 (vs JP¥15.15 loss in 3Q 2020) The company reported a solid third quarter result with improved earnings and profit margins, although revenues were flat. Third quarter 2021 results: Revenue: JP¥5.46b (flat on 3Q 2020). Net income: JP¥1.07b (up JP¥1.13b from 3Q 2020). Profit margin: 20% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 71% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 06
New 90-day high: €11.60 The company is up 20% from its price of €9.70 on 06 November 2020. The German market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 15% over the same period. Duyuru • Jan 21
Advanex Inc. to Report Q3, 2021 Results on Feb 09, 2021 Advanex Inc. announced that they will report Q3, 2021 results on Feb 09, 2021 Is New 90 Day High Low • Jan 21
New 90-day high: €10.30 The company is up 1.0% from its price of €10.20 on 23 October 2020. The German 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 14% over the same period. Reported Earnings • Nov 11
Second quarter 2021 earnings released: JP¥11.00 loss per share The company reported a poor second quarter result with weaker earnings, revenues and control over expenses. Second quarter 2021 results: Revenue: JP¥4.68b (down 9.1% from 2Q 2020). Net loss: JP¥45.0m (down 198% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 116% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Oct 29
New 90-day low: €10.10 The company is down 6.0% from its price of €10.80 on 30 July 2020. The German market is down 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is down 3.0% over the same period. Is New 90 Day High Low • Oct 13
New 90-day low: €10.30 The company is down 7.0% from its price of €11.10 on 15 July 2020. The German market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 10.0% over the same period. Reported Earnings • Sep 27
First quarter earnings released Over the last 12 months the company has reported total losses of JP¥807.0m, with losses widening by 201% from the prior year. Total revenue was JP¥19.7b over the last 12 months, down 6.4% from the prior year.