Declared Dividend • May 20
Dividend of JP¥37.50 announced Shareholders will receive a dividend of JP¥37.50. Ex-date: 29th June 2026 Payment date: 4th September 2026 Dividend yield will be 299%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by earnings (51% earnings payout ratio) but not covered by cash flows (173% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 6.5% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Board Change • May 20
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. 5 non-independent directors. Independent Outside Director Atsuko Sakamoto was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 30
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. 6 non-independent directors. Independent Outside Director Atsuko Sakamoto was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Apr 15
Ebara Jitsugyo Co.,Ltd. Appoints Masamichi Yanagimoto as Head of Rural Sewerage Promotion Office, Effective May 1, 2025 Ebara Jitsugyo Co.,Ltd. announced that it has decided to make personnel changes, effective May 1, 2025. Masamichi Yanagimoto: New Position: Executive Officer, Deputy General Manager of Environmental Systems East Japan Head Office, General Manager of Kanto Branch, Head of Rural Sewerage Promotion Office; Current Position: Executive Officer, Deputy General Manager of Environmental Systems East Japan Head Office, General Manager of Kanto Branch. Duyuru • Feb 10
Ebara Jitsugyo Co.,Ltd., Annual General Meeting, Mar 27, 2025 Ebara Jitsugyo Co.,Ltd., Annual General Meeting, Mar 27, 2025. Duyuru • Dec 12
Ebara Jitsugyo Co.,Ltd. to Report Fiscal Year 2024 Results on Feb 10, 2025 Ebara Jitsugyo Co.,Ltd. announced that they will report fiscal year 2024 results on Feb 10, 2025 Reported Earnings • Nov 08
Third quarter 2024 earnings released: EPS: JP¥27.23 (vs JP¥18.54 in 3Q 2023) Third quarter 2024 results: EPS: JP¥27.23 (up from JP¥18.54 in 3Q 2023). Revenue: JP¥7.50b (up 15% from 3Q 2023). Net income: JP¥326.0m (up 48% from 3Q 2023). Profit margin: 4.3% (up from 3.4% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 10% per year. Duyuru • Sep 18
Ebara Jitsugyo Co.,Ltd. (TSE:6328) announces an Equity Buyback for 170,000 shares, representing 1.42% for ¥500 million. Ebara Jitsugyo Co.,Ltd. (TSE:6328) announces a share repurchase program. Under the program, the company will repurchase up to 170,000 shares, representing 1.42% of its issued share capital, for a total purchase price of ¥500 million. The program will continue through March 31, 2025. New Risk • Aug 08
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 German stocks, typically moving 7.1% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 07
Second quarter 2024 earnings released: JP¥13.14 loss per share (vs JP¥15.54 profit in 2Q 2023) Second quarter 2024 results: JP¥13.14 loss per share (down from JP¥15.54 profit in 2Q 2023). Revenue: JP¥5.34b (down 26% from 2Q 2023). Net loss: JP¥157.0m (down 185% from profit in 2Q 2023). Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has remained flat. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €20.60, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 11x in the Machinery industry in Germany. Total returns to shareholders of 23% over the past three years. Duyuru • Aug 05
Ebara Jitsugyo Co.,Ltd. Announces Dividend for the Second Quarter Ended June 30, 2024, Payable on September 4, 2024 Ebara Jitsugyo Co.,Ltd. announced dividend for the second quarter ended June 30, 2024 of JPY 47.50 per share compared to JPY 42.50 per share a year ago. Scheduled date to commence dividend payments is September 4, 2024. Upcoming Dividend • Jun 20
Upcoming dividend of JP¥47.50 per share Eligible shareholders must have bought the stock before 27 June 2024. Payment date: 04 September 2024. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (3.6%). Reported Earnings • May 09
First quarter 2024 earnings released: EPS: JP¥168 (vs JP¥144 in 1Q 2023) First quarter 2024 results: EPS: JP¥168 (up from JP¥144 in 1Q 2023). Revenue: JP¥13.8b (up 2.8% from 1Q 2023). Net income: JP¥2.01b (up 16% from 1Q 2023). Profit margin: 15% (up from 13% in 1Q 2023). 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 2% per year, which means it is well ahead of earnings. Declared Dividend • Apr 11
Final dividend of JP¥47.50 announced Shareholders will receive a dividend of JP¥47.50. Ex-date: 27th June 2024 Payment date: 4th September 2024 Dividend yield will be 223%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (40% earnings payout ratio) and cash flows (22% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 17% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 30
Full year 2023 earnings released: EPS: JP¥263 (vs JP¥177 in FY 2022) Full year 2023 results: EPS: JP¥263 (up from JP¥177 in FY 2022). Revenue: JP¥36.3b (up 20% from FY 2022). Net income: JP¥3.14b (up 45% from FY 2022). Profit margin: 8.7% (up from 7.2% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Duyuru • Feb 22
Ebara Jitsugyo Co.,Ltd. to Report Q1, 2024 Results on May 08, 2024 Ebara Jitsugyo Co.,Ltd. announced that they will report Q1, 2024 results on May 08, 2024 Duyuru • Feb 11
Ebara Jitsugyo Co.,Ltd., Annual General Meeting, Mar 26, 2024 Ebara Jitsugyo Co.,Ltd., Annual General Meeting, Mar 26, 2024. Reported Earnings • Feb 11
Full year 2023 earnings released: EPS: JP¥263 (vs JP¥177 in FY 2022) Full year 2023 results: EPS: JP¥263 (up from JP¥177 in FY 2022). Revenue: JP¥36.3b (up 20% from FY 2022). Net income: JP¥3.14b (up 45% from FY 2022). Profit margin: 8.7% (up from 7.2% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Upcoming Dividend • Dec 21
Upcoming dividend of JP¥42.50 per share at 3.0% yield Eligible shareholders must have bought the stock before 28 December 2023. Payment date: 24 March 2024. Payout ratio is a comfortable 40% and the cash payout ratio is 79%. Trailing yield: 3.0%. Lower than top quartile of German dividend payers (5.1%). Higher than average of industry peers (2.7%). Duyuru • Dec 05
Ebara Jitsugyo Co.,Ltd. to Report Fiscal Year 2023 Results on Feb 09, 2024 Ebara Jitsugyo Co.,Ltd. announced that they will report fiscal year 2023 results on Feb 09, 2024 Duyuru • Nov 07
Ebara Jitsugyo Co.,Ltd. Provides Consolidated Earnings Guidance for the Full Year Ending December 31, 2023 Ebara Jitsugyo Co.,Ltd. provided consolidated earnings guidance for the full year ending December 31, 2023. For the year, company expects Net sales of JPY 35,000 million, Operating profit of JPY 3,500 million, Profit attributable to owners of parent of JPY 2,600 million and Earnings per share of JPY 212.33. Reported Earnings • Nov 04
Third quarter 2023 earnings released: EPS: JP¥18.54 (vs JP¥1.55 in 3Q 2022) Third quarter 2023 results: EPS: JP¥18.54 (up from JP¥1.55 in 3Q 2022). Revenue: JP¥6.54b (up 18% from 3Q 2022). Net income: JP¥221.0m (up JP¥202.0m from 3Q 2022). Profit margin: 3.4% (up from 0.3% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Duyuru • Sep 02
Ebara Jitsugyo Co.,Ltd. to Report Q3, 2023 Results on Nov 02, 2023 Ebara Jitsugyo Co.,Ltd. announced that they will report Q3, 2023 results on Nov 02, 2023 New Risk • Aug 09
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 22% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 04
Second quarter 2023 earnings released: EPS: JP¥15.54 (vs JP¥2.45 loss in 2Q 2022) Second quarter 2023 results: EPS: JP¥15.54 (up from JP¥2.45 loss in 2Q 2022). Revenue: JP¥7.21b (up 41% from 2Q 2022). Net income: JP¥185.0m (up JP¥215.0m from 2Q 2022). Profit margin: 2.6% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. 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 17% per year, which means it is well ahead of earnings. Upcoming Dividend • Jun 22
Upcoming dividend of JP¥42.50 per share at 2.6% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 05 September 2023. Payout ratio is a comfortable 48% and the cash payout ratio is 81%. Trailing yield: 2.6%. Lower than top quartile of German dividend payers (4.7%). In line with average of industry peers (2.8%). Duyuru • May 28
Ebara Jitsugyo Co.,Ltd. to Report Q2, 2023 Results on Aug 03, 2023 Ebara Jitsugyo Co.,Ltd. announced that they will report Q2, 2023 results on Aug 03, 2023 Reported Earnings • May 10
First quarter 2023 earnings released: EPS: JP¥144 (vs JP¥142 in 1Q 2022) First quarter 2023 results: EPS: JP¥144. Revenue: JP¥13.4b (up 14% from 1Q 2022). Net income: JP¥1.72b (flat on 1Q 2022). Profit margin: 13% (down from 15% in 1Q 2022). The decrease in margin was driven by higher expenses. Reported Earnings • Mar 28
Full year 2022 earnings released: EPS: JP¥177 (vs JP¥253 in FY 2021) Full year 2022 results: EPS: JP¥177 (down from JP¥253 in FY 2021). Revenue: JP¥30.2b (down 6.9% from FY 2021). Net income: JP¥2.17b (down 31% from FY 2021). Profit margin: 7.2% (down from 9.7% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Feb 12
Ebara Jitsugyo Co.,Ltd., Annual General Meeting, Mar 23, 2023 Ebara Jitsugyo Co.,Ltd., Annual General Meeting, Mar 23, 2023. Reported Earnings • Feb 12
Full year 2022 earnings released: EPS: JP¥177 (vs JP¥253 in FY 2021) Full year 2022 results: EPS: JP¥177 (down from JP¥253 in FY 2021). Revenue: JP¥30.2b (down 6.9% from FY 2021). Net income: JP¥2.17b (down 31% from FY 2021). Profit margin: 7.2% (down from 9.7% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Jan 09
Ebara Jitsugyo Co.,Ltd. to Report Fiscal Year 2022 Results on Feb 20, 2023 Ebara Jitsugyo Co.,Ltd. announced that they will report fiscal year 2022 results on Feb 20, 2023 Upcoming Dividend • Dec 22
Upcoming dividend of JP¥42.50 per share Eligible shareholders must have bought the stock before 29 December 2022. Payment date: 25 March 2023. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of German dividend payers (5.1%). Higher than average of industry peers (2.8%). Buying Opportunity • Dec 17
Now 22% undervalued Over the last 90 days, the stock is up 4.0%. The fair value is estimated to be €19.96, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.1% over the last 3 years. Earnings per share has grown by 19%. 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. No experienced directors. 9 highly experienced directors. No independent directors (6 non-independent directors). Chief Executive Officer, President & Director Hiroto Nagashima was the last director to join the board, commencing their role in 2014. 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 • Nov 04
Third quarter 2022 earnings released: EPS: JP¥1.55 (vs JP¥7.43 in 3Q 2021) Third quarter 2022 results: EPS: JP¥1.55 (down from JP¥7.43 in 3Q 2021). Revenue: JP¥5.53b (up 4.0% from 3Q 2021). Net income: JP¥19.0m (down 80% from 3Q 2021). Profit margin: 0.3% (down from 1.7% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 19% per year and the company’s share price has also increased by 19% per year. Duyuru • Nov 03
Ebara Jitsugyo Co.,Ltd. (TSE:6328) announces an Equity Buyback for 500,000 shares, representing 4.07% for ¥1,000 million. Ebara Jitsugyo Co.,Ltd. (TSE:6328) announces a share repurchase program. Under the program, the company will repurchase up to 500,000 shares, representing 4.07% of its issued share capital (excluding treasury stock), for a total purchase price of ¥1,000 million. The purpose of the program is to enhance shareholder returns and improve capital efficiency. The program will continue through October 31, 2023. As of September 30, 2022, the company had 12,274,929 issued shares (excluding treasury stock) and 1,155,071 treasury shares. Duyuru • Sep 28
Ebara Jitsugyo Co.,Ltd. to Report Q3, 2022 Results on Nov 02, 2022 Ebara Jitsugyo Co.,Ltd. announced that they will report Q3, 2022 results on Nov 02, 2022 Reported Earnings • Aug 04
Second quarter 2022 earnings released: JP¥2.45 loss per share (vs JP¥12.08 loss in 2Q 2021) Second quarter 2022 results: JP¥2.45 loss per share (up from JP¥12.08 loss in 2Q 2021). Revenue: JP¥5.11b (up 19% from 2Q 2021). Net loss: JP¥30.0m (loss narrowed 80% from 2Q 2021). Over the last 3 years on average, earnings per share has increased by 26% per year whereas the company’s share price has increased by 30% per year. Upcoming Dividend • Jun 22
Upcoming dividend of JP¥42.50 per share Eligible shareholders must have bought the stock before 29 June 2022. Payment date: 06 September 2022. Payout ratio is a comfortable 48% and this is well supported by cash flows. Trailing yield: 4.0%. Lower than top quartile of German dividend payers (4.4%). Higher than average of industry peers (2.7%). Duyuru • May 29
Ebara Jitsugyo Co.,Ltd. to Report Q2, 2022 Results on Aug 03, 2022 Ebara Jitsugyo Co.,Ltd. announced that they will report Q2, 2022 results on Aug 03, 2022 Reported Earnings • May 11
First quarter 2022 earnings released: EPS: JP¥142 (vs JP¥215 in 1Q 2021) First quarter 2022 results: EPS: JP¥142 (down from JP¥215 in 1Q 2021). Revenue: JP¥11.8b (down 20% from 1Q 2021). Net income: JP¥1.73b (down 36% from 1Q 2021). Profit margin: 15% (down from 18% in 1Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 31% per year whereas the company’s share price has increased by 28% per year. 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. No experienced directors. 9 highly experienced directors. No independent directors (6 non-independent directors). Chief Executive Officer, President & Director Hiroto Nagashima was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Duyuru • Apr 08
Ebara Jitsugyo Co.,Ltd. to Report Q1, 2022 Results on May 10, 2022 Ebara Jitsugyo Co.,Ltd. announced that they will report Q1, 2022 results on May 10, 2022 Duyuru • Feb 16
Ebara Jitsugyo Co.,Ltd., Annual General Meeting, Mar 24, 2022 Ebara Jitsugyo Co.,Ltd., Annual General Meeting, Mar 24, 2022. Reported Earnings • Feb 11
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: JP¥253 (up from JP¥185 in FY 2020). Revenue: JP¥32.5b (up 7.4% from FY 2020). Net income: JP¥3.16b (up 35% from FY 2020). Profit margin: 9.7% (up from 7.7% in FY 2020). 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 increased by 36% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥47.50 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 26 March 2022. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 3.4%. Within top quartile of German dividend payers (3.3%). Higher than average of industry peers (1.2%). Reported Earnings • Nov 05
Third quarter 2021 earnings released: EPS JP¥7.43 (vs JP¥20.45 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥5.32b (down 9.0% from 3Q 2020). Net income: JP¥93.0m (down 64% from 3Q 2020). Profit margin: 1.7% (down from 4.4% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 47% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Oct 05
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). Chief Executive Officer, President & Director Hiroto Nagashima was the last director to join the board, commencing their role in 2014. 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 • Aug 10
Second quarter 2021 earnings released: JP¥32,013 loss per share (vs JP¥2.23 profit in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and control over costs. Second quarter 2021 results: Revenue: JP¥4.29b (down 5.6% from 2Q 2020). Net loss: JP¥152.0m (down JP¥180.0m from profit in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Duyuru • Aug 05
Ebara Jitsugyo Co.,Ltd. (TSE:6328) announces an Equity Buyback for 450,000 shares, representing 3.57% for ¥1,000 million. Ebara Jitsugyo Co.,Ltd. (TSE:6328) announces a share repurchase program. Under the program, the company will repurchase 450,000 shares, representing 3.57% of its share capital, for ¥1,000 million. The company will repurchase its shares in order to expand shareholder returns and improve capital efficiency. The program will expire on November 30, 2021. As of July 1, 2021, the company had 12,589,162 shares in issue (excluding treasury shares) and 840,838 shares in treasury. Upcoming Dividend • Jun 22
Upcoming dividend of JP¥75.00 per share Eligible shareholders must have bought the stock before 29 June 2021. Payment date: 07 September 2021. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (3.1%). Higher than average of industry peers (1.0%). Valuation Update With 7 Day Price Move • May 20
Investor sentiment improved over the past week After last week's 16% share price gain to JP¥44.40, the stock trades at a trailing P/E ratio of 10.1x. Average trailing P/E is 40x in the Machinery industry in Germany. Total returns to shareholders of 154% over the past three years. Reported Earnings • May 14
First quarter 2021 earnings released: EPS JP¥431 (vs JP¥214 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: JP¥14.7b (up 28% from 1Q 2020). Net income: JP¥2.71b (up 93% from 1Q 2020). Profit margin: 18% (up from 12% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 26% per year whereas the company’s share price has increased by 28% per year. Reported Earnings • Mar 30
Full year 2020 earnings released: EPS JP¥369 (vs JP¥229 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥30.3b (up 6.4% from FY 2019). Net income: JP¥2.34b (up 55% from FY 2019). Profit margin: 7.7% (up from 5.3% in FY 2019). The increase in margin was driven by higher revenue. 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 32% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Mar 04
New 90-day high: €38.60 The company is up 30% from its price of €29.60 on 03 December 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 7.0% over the same period. Duyuru • Feb 28
Ebara Jitsugyo Co.,Ltd. to Report Q1, 2021 Results on May 11, 2021 Ebara Jitsugyo Co.,Ltd. announced that they will report Q1, 2021 results on May 11, 2021 Reported Earnings • Feb 14
Full year 2020 earnings released: EPS JP¥369 (vs JP¥229 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥30.3b (up 6.4% from FY 2019). Net income: JP¥2.34b (up 55% from FY 2019). Profit margin: 7.7% (up from 5.3% in FY 2019). The increase in margin was driven by higher revenue. 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 35% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Feb 13
Investor sentiment improved over the past week After last week's 20% share price gain to JP¥37.20, the stock is trading at a trailing P/E ratio of 15.8x, up from the previous P/E ratio of 13.2x. This compares to an average P/E of 37x in the Machinery industry in Germany. Total returns to shareholders over the past three years are 171%. Duyuru • Feb 12
Ebara Jitsugyo Co.,Ltd., Annual General Meeting, Mar 25, 2021 Ebara Jitsugyo Co.,Ltd., Annual General Meeting, Mar 25, 2021. Is New 90 Day High Low • Feb 10
New 90-day high: €33.20 The company is up 14% from its price of €29.00 on 11 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 11% over the same period. Is New 90 Day High Low • Dec 28
New 90-day high: €32.00 The company is up 26% from its price of €25.40 on 29 September 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 12% over the same period. Upcoming Dividend • Dec 22
Upcoming Dividend of JP¥70.00 Per Share Will be paid on the 27th of March to those who are registered shareholders by the 29th of December. The trailing yield of 1.5% is below the top quartile of German dividend payers (3.5%), and is lower than industry peers (1.8%). Is New 90 Day High Low • Dec 12
New 90-day high: €31.40 The company is up 44% from its price of €21.80 on 11 September 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 3.0% over the same period. Reported Earnings • Nov 13
Third quarter 2020 earnings released: EPS JP¥40.90 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: JP¥5.85b (down 1.0% from 3Q 2019). Net income: JP¥257.0m (up 179% from 3Q 2019). Profit margin: 4.4% (up from 1.6% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Nov 11
Market bids up stock over the past week After last week's 15% share price gain to JP¥28.80, the stock is trading at a trailing P/E ratio of 11.9x, up from the previous P/E ratio of 10.3x. This compares to an average P/E of 30x in the Machinery industry in Germany. Total returns to shareholders over the past three years are 116%. Reported Earnings • Nov 07
Third quarter 2020 earnings released: EPS JP¥40.90 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: JP¥5.85b (down 1.0% from 3Q 2019). Net income: JP¥257.0m (up 179% from 3Q 2019). Profit margin: 4.4% (up from 1.6% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Nov 06
New 90-day high: €28.40 The company is up 28% from its price of €22.20 on 07 August 2020. The German market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 4.0% over the same period. Is New 90 Day High Low • Oct 12
New 90-day high: €26.20 The company is up 13% from its price of €23.20 on 14 July 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 9.0% over the same period. Is New 90 Day High Low • Sep 26
New 90-day high: €24.80 The company is up 3.0% from its price of €24.00 on 26 June 2020. The German market is also up 3.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Machinery industry, which is up 8.0% over the same period. Duyuru • Sep 03
Ebara Jitsugyo Co.,Ltd. to Report Q3, 2020 Results on Nov 04, 2020 Ebara Jitsugyo Co.,Ltd. announced that they will report Q3, 2020 results on Nov 04, 2020