New Risk • Jun 06
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 9.1% 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. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (9.1% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Jun 06
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to €5.05, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 23x in the Electronic industry in Germany. Total returns to shareholders of 102% over the past three years. Reported Earnings • May 21
Full year 2026 earnings released: EPS: JP¥81.37 (vs JP¥76.26 in FY 2025) Full year 2026 results: EPS: JP¥81.37 (up from JP¥76.26 in FY 2025). Revenue: JP¥93.1b (up 9.1% from FY 2025). Net income: JP¥5.04b (up 5.4% from FY 2025). Profit margin: 5.4% (down from 5.6% in FY 2025). Revenue is forecast to grow 1.0% p.a. on average during the next 2 years, compared to a 8.9% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Duyuru • May 15
Kyosan Electric Manufacturing Co., Ltd., Annual General Meeting, Jun 24, 2026 Kyosan Electric Manufacturing Co., Ltd., Annual General Meeting, Jun 24, 2026. Duyuru • May 10
Kyosan Electric Manufacturing Co., Ltd. to Report Fiscal Year 2026 Results on May 15, 2026 Kyosan Electric Manufacturing Co., Ltd. announced that they will report fiscal year 2026 results on May 15, 2026 Duyuru • Dec 02
Kyosan Electric Manufacturing Co., Ltd. to Report Q3, 2026 Results on Feb 13, 2026 Kyosan Electric Manufacturing Co., Ltd. announced that they will report Q3, 2026 results on Feb 13, 2026 Duyuru • Sep 12
Kyosan Electric Manufacturing Co., Ltd. to Report Q2, 2026 Results on Nov 14, 2025 Kyosan Electric Manufacturing Co., Ltd. announced that they will report Q2, 2026 results on Nov 14, 2025 Duyuru • Jun 25
Kyosan Electric Manufacturing Co., Ltd. to Report Q1, 2026 Results on Aug 08, 2025 Kyosan Electric Manufacturing Co., Ltd. announced that they will report Q1, 2026 results on Aug 08, 2025 Duyuru • May 15
Kyosan Electric Manufacturing Co., Ltd. (TSE:6742) announces an Equity Buyback for 1,000,000 shares, representing 1.59% for ¥500 million. Kyosan Electric Manufacturing Co., Ltd. (TSE:6742) announces a share repurchase program. Under the program, the company will repurchase up to 1,000,000 shares, representing 1.59% of its issued share capital (excluding treasury stock), for ¥500 million. The purpose of the program is to allocate them to the performance-linked stock compensation plan for executives and to implement flexible capital policies. The program will run until March 31, 2026. As of March 31, 2025, the company had 62,744,236 shares in issue (excluding treasury stock) and 100,015 shares in treasury. Duyuru • May 14
Kyosan Electric Manufacturing Co., Ltd., Annual General Meeting, Jun 25, 2025 Kyosan Electric Manufacturing Co., Ltd., Annual General Meeting, Jun 25, 2025. Duyuru • Feb 28
Kyosan Electric Manufacturing Co., Ltd. to Report Fiscal Year 2025 Results on May 14, 2025 Kyosan Electric Manufacturing Co., Ltd. announced that they will report fiscal year 2025 results on May 14, 2025 Duyuru • Nov 23
Kyosan Electric Manufacturing Co., Ltd. to Report Q3, 2025 Results on Feb 12, 2025 Kyosan Electric Manufacturing Co., Ltd. announced that they will report Q3, 2025 results on Feb 12, 2025 Upcoming Dividend • Sep 20
Upcoming dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 04 December 2024. Payout ratio is a comfortable 35% but the company is not cash flow positive. Trailing yield: 3.9%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (1.8%). Duyuru • Sep 12
Kyosan Electric Manufacturing Co., Ltd. to Report Q2, 2025 Results on Nov 13, 2024 Kyosan Electric Manufacturing Co., Ltd. announced that they will report Q2, 2025 results on Nov 13, 2024 Reported Earnings • Aug 13
First quarter 2025 earnings released: JP¥17.79 loss per share (vs JP¥20.44 loss in 1Q 2024) First quarter 2025 results: JP¥17.79 loss per share (improved from JP¥20.44 loss in 1Q 2024). Revenue: JP¥9.81b (down 8.4% from 1Q 2024). Net loss: JP¥1.12b (loss narrowed 13% from 1Q 2024). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. New Risk • Aug 06
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 6.8% 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 (currently running at an operating cash loss). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.8% average weekly change). Large one-off items impacting financial results. 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 €2.94, the stock trades at a trailing P/E ratio of 8.7x. Average trailing P/E is 18x in the Electronic industry in Germany. Total returns to shareholders of 5.9% over the past three years. Declared Dividend • Jul 11
Final dividend of JP¥5.00 announced Shareholders will receive a dividend of JP¥5.00. Ex-date: 27th September 2024 Payment date: 4th December 2024 Dividend yield will be 133%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (66% 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 7.2% 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 8.3% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Jun 26
Full year 2024 earnings released: EPS: JP¥54.75 (vs JP¥33.01 in FY 2023) Full year 2024 results: EPS: JP¥54.75 (up from JP¥33.01 in FY 2023). Revenue: JP¥70.5b (down 2.5% from FY 2023). Net income: JP¥3.43b (up 66% from FY 2023). Profit margin: 4.9% (up from 2.9% in FY 2023). 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 8% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 16
Full year 2024 earnings released: EPS: JP¥54.75 (vs JP¥33.01 in FY 2023) Full year 2024 results: EPS: JP¥54.75 (up from JP¥33.01 in FY 2023). Revenue: JP¥70.5b (down 2.5% from FY 2023). Net income: JP¥3.43b (up 66% from FY 2023). Profit margin: 4.9% (up from 2.9% in FY 2023). Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Duyuru • May 15
Kyosan Electric Manufacturing Co., Ltd., Annual General Meeting, Jun 21, 2024 Kyosan Electric Manufacturing Co., Ltd., Annual General Meeting, Jun 21, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥13.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 26 June 2024. Payout ratio is a comfortable 66% but the company is not cash flow positive. Trailing yield: 3.3%. Lower than top quartile of German dividend payers (4.9%). Higher than average of industry peers (1.5%). Duyuru • Mar 02
Kyosan Electric Manufacturing Co., Ltd. to Report Fiscal Year 2024 Results on May 13, 2024 Kyosan Electric Manufacturing Co., Ltd. announced that they will report fiscal year 2024 results on May 13, 2024 Reported Earnings • Feb 11
Third quarter 2024 earnings released: EPS: JP¥7.16 (vs JP¥17.65 in 3Q 2023) Third quarter 2024 results: EPS: JP¥7.16 (down from JP¥17.65 in 3Q 2023). Revenue: JP¥14.9b (down 23% from 3Q 2023). Net income: JP¥449.0m (down 59% from 3Q 2023). Profit margin: 3.0% (down from 5.7% in 3Q 2023). Duyuru • Dec 06
Kyosan Electric Manufacturing Co., Ltd. to Report Q3, 2024 Results on Feb 09, 2024 Kyosan Electric Manufacturing Co., Ltd. announced that they will report Q3, 2024 results on Feb 09, 2024 Reported Earnings • Nov 12
Second quarter 2024 earnings released: EPS: JP¥8.80 (vs JP¥3.78 loss in 2Q 2023) Second quarter 2024 results: EPS: JP¥8.80 (up from JP¥3.78 loss in 2Q 2023). Revenue: JP¥13.2b (down 13% from 2Q 2023). Net income: JP¥552.0m (up JP¥789.0m from 2Q 2023). Profit margin: 4.2% (up from net loss in 2Q 2023). Upcoming Dividend • Sep 21
Upcoming dividend of JP¥5.00 per share at 3.6% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 04 December 2023. Payout ratio is a comfortable 55% but the company is not cash flow positive. Trailing yield: 3.6%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (1.5%). Duyuru • Sep 07
Kyosan Electric Manufacturing Co., Ltd. to Report Q2, 2024 Results on Nov 10, 2023 Kyosan Electric Manufacturing Co., Ltd. announced that they will report Q2, 2024 results on Nov 10, 2023 Reported Earnings • Aug 10
First quarter 2024 earnings released: JP¥20.44 loss per share (vs JP¥20.09 loss in 1Q 2023) First quarter 2024 results: JP¥20.44 loss per share (further deteriorated from JP¥20.09 loss in 1Q 2023). Revenue: JP¥10.7b (down 9.2% from 1Q 2023). Net loss: JP¥1.28b (loss widened 1.7% from 1Q 2023). Duyuru • Jun 11
Kyosan Electric Manufacturing Co., Ltd. to Report Q1, 2024 Results on Aug 09, 2023 Kyosan Electric Manufacturing Co., Ltd. announced that they will report Q1, 2024 results on Aug 09, 2023 Reported Earnings • May 16
Full year 2023 earnings released: EPS: JP¥33.01 (vs JP¥189 in FY 2022) Full year 2023 results: EPS: JP¥33.01 (down from JP¥189 in FY 2022). Revenue: JP¥72.3b (flat on FY 2022). Net income: JP¥2.07b (down 83% from FY 2022). Profit margin: 2.9% (down from 16% in FY 2022). Upcoming Dividend • Mar 23
Upcoming dividend of JP¥13.00 per share at 4.3% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 27 June 2023. Payout ratio is a comfortable 37% but the company is paying out more than the cash it is generating. Trailing yield: 4.3%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (1.0%). Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: JP¥17.65 (vs JP¥74.17 in 3Q 2022) Third quarter 2023 results: EPS: JP¥17.65 (down from JP¥74.17 in 3Q 2022). Revenue: JP¥19.3b (up 8.0% from 3Q 2022). Net income: JP¥1.11b (down 76% from 3Q 2022). Profit margin: 5.7% (down from 26% in 3Q 2022). The decrease in margin was driven by higher expenses. Duyuru • Nov 27
Kyosan Electric Manufacturing Co., Ltd. to Report Q3, 2023 Results on Feb 10, 2023 Kyosan Electric Manufacturing Co., Ltd. announced that they will report Q3, 2023 results on Feb 10, 2023 Board Change • Nov 16
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. Outside Independent Director Hiroyuki Sasa 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. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 02 December 2022. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 4.3%. Lower than top quartile of German dividend payers (5.1%). Higher than average of industry peers (1.2%). Duyuru • Aug 31
Kyosan Electric Manufacturing Co., Ltd. to Report Q2, 2023 Results on Nov 11, 2022 Kyosan Electric Manufacturing Co., Ltd. announced that they will report Q2, 2023 results on Nov 11, 2022 Reported Earnings • Aug 15
First quarter 2023 earnings released: JP¥20.09 loss per share (vs JP¥2.60 profit in 1Q 2022) First quarter 2023 results: JP¥20.09 loss per share (down from JP¥2.60 profit in 1Q 2022). Revenue: JP¥11.8b (down 1.3% from 1Q 2022). Net loss: JP¥1.26b (down JP¥1.42b from profit in 1Q 2022). Duyuru • Jun 01
Kyosan Electric Manufacturing Co., Ltd. to Report Q1, 2023 Results on Aug 12, 2022 Kyosan Electric Manufacturing Co., Ltd. announced that they will report Q1, 2023 results on Aug 12, 2022 Reported Earnings • May 19
Full year 2022 earnings released: EPS: JP¥197 (vs JP¥126 loss in FY 2021) Full year 2022 results: EPS: JP¥197 (up from JP¥126 loss in FY 2021). Revenue: JP¥72.9b (up 17% from FY 2021). Net income: JP¥12.3b (up JP¥20.3b from FY 2021). Profit margin: 17% (up from net loss in FY 2021). Duyuru • May 18
Kyosan Electric Manufacturing Co., Ltd., Annual General Meeting, Jun 24, 2022 Kyosan Electric Manufacturing Co., Ltd., Annual General Meeting, Jun 24, 2022. Board Change • Apr 27
Less than half of directors are independent There are 9 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: 9 new directors. 2 experienced directors. 1 highly experienced director. 3 independent directors (5 non-independent directors). Senior Managing Executive Officer & Representative Director Toru Onodera is the most experienced director on the board, commencing their role in 2012. Outside Independent Director Hiroyuki Sasa 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. Duyuru • Apr 08
Kyosan Electric Manufacturing Co., Ltd. to Report Fiscal Year 2022 Results on May 13, 2022 Kyosan Electric Manufacturing Co., Ltd. announced that they will report fiscal year 2022 results on May 13, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥12.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 21 June 2022. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 3.9%. Within top quartile of German dividend payers (3.6%). Higher than average of industry peers (0.7%). Duyuru • Feb 11
Kyosan Electric Manufacturing Co., Ltd. Provides Consolidated Earnings Guidance for the Year Ending March 31, 2022 Kyosan Electric Manufacturing Co., Ltd. provided consolidated earnings guidance for the year ending March 31, 2022. For the year, the company expects net sales of JPY 71,000 million, operating income of JPY 3,200 million, profit attributable to owners of the company of JPY 11,800 million and basic earnings per share of JPY 188.15. Reported Earnings • Feb 11
Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2022 results: EPS: JP¥74.17 (up from JP¥3.22 in 3Q 2021). Revenue: JP¥17.9b (up 17% from 3Q 2021). Net income: JP¥4.65b (up JP¥4.45b from 3Q 2021). Profit margin: 26% (up from 1.3% in 3Q 2021). Revenue exceeded analyst estimates by 3.7%. Duyuru • Feb 11
Kyosan Electric Manufacturing Co., Ltd. Provides Dividend Guidance for the Year Ending March 31, 2022 Kyosan Electric Manufacturing Co., Ltd. provided dividend guidance for the year ending March 31, 2022. For the year, the company expects to pay dividend of JPY 17.00 per share against JPY 15.00 per share paid a year ago. Reported Earnings • Nov 16
Second quarter 2022 earnings released: EPS JP¥71.24 (vs JP¥3.24 loss in 2Q 2021) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2022 results: Revenue: JP¥13.2b (down 13% from 2Q 2021). Net income: JP¥4.47b (up JP¥4.67b from 2Q 2021). Profit margin: 34% (up from net loss in 2Q 2021). Upcoming Dividend • Sep 22
Upcoming dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 02 December 2021. Trailing yield: 3.2%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (0.7%). Board Change • Jul 27
Less than half of directors are independent There are 8 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: 8 new directors. 1 experienced director. 3 highly experienced directors. 2 independent directors (6 non-independent directors). Managing Executive Officer, General Manager of Power Electronics Division and Director Hisazumi Toho is the most experienced director on the board, commencing their role in 2008. Independent Outside Director Mihoko Kitamura was the last independent director to join the board, commencing their role in 2019. 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. Duyuru • Jun 25
Kyosan Electric Manufacturing to Be Deleted from Other OTC Kyosan Electric Manufacturing Co Ltd, SHS will be deleted from Other OTC effective June 25, 2021. The deletion is due to Inactive Security. Reported Earnings • May 15
Full year 2021 earnings released: JP¥126 loss per share (vs JP¥31.48 profit in FY 2020) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2021 results: Revenue: JP¥62.2b (down 14% from FY 2020). Net loss: JP¥7.92b (down JP¥9.90b from profit in FY 2020).