Board Change • May 20
High number of new directors There are 7 new directors who have joined the board in the last 3 years. Managing Executive Officer & Director Noritaka Hiyama was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Duyuru • Apr 24
Japan Aviation Electronics Industry, Limited, Annual General Meeting, Jun 24, 2026 Japan Aviation Electronics Industry, Limited, Annual General Meeting, Jun 24, 2026. Duyuru • Apr 21
Japan Aviation Electronics Industry, Limited to Report Fiscal Year 2026 Results on Apr 24, 2026 Japan Aviation Electronics Industry, Limited announced that they will report fiscal year 2026 results on Apr 24, 2026 Duyuru • Dec 26
Japan Aviation Electronics Industry, Limited to Report Q3, 2026 Results on Jan 28, 2026 Japan Aviation Electronics Industry, Limited announced that they will report Q3, 2026 results on Jan 28, 2026 Duyuru • Sep 25
Japan Aviation Electronics Industry, Limited to Report Q2, 2026 Results on Oct 29, 2025 Japan Aviation Electronics Industry, Limited announced that they will report Q2, 2026 results on Oct 29, 2025 Duyuru • Jun 27
Japan Aviation Electronics Industry, Limited to Report Q1, 2026 Results on Jul 23, 2025 Japan Aviation Electronics Industry, Limited announced that they will report Q1, 2026 results on Jul 23, 2025 Duyuru • Apr 23
Japan Aviation Electronics Industry, Limited, Annual General Meeting, Jun 19, 2025 Japan Aviation Electronics Industry, Limited, Annual General Meeting, Jun 19, 2025. Duyuru • Mar 22
Japan Aviation Electronics Industry, Limited to Report Fiscal Year 2025 Results on Apr 23, 2025 Japan Aviation Electronics Industry, Limited announced that they will report fiscal year 2025 results on Apr 23, 2025 Duyuru • Jan 03
Japan Aviation Electronics Industry, Limited to Report Q3, 2025 Results on Jan 29, 2025 Japan Aviation Electronics Industry, Limited announced that they will report Q3, 2025 results on Jan 29, 2025 Buy Or Sell Opportunity • Nov 13
Now 21% undervalued Over the last 90 days, the stock has risen 20% to €17.00. The fair value is estimated to be €21.51, 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 declined by 4.7%. For the next 3 years, revenue is forecast to grow by 4.9% per annum. Earnings are also forecast to grow by 8.1% per annum over the same time period. Reported Earnings • Oct 24
Second quarter 2025 earnings released: EPS: JP¥51.88 (vs JP¥46.19 in 2Q 2024) Second quarter 2025 results: EPS: JP¥51.88. Revenue: JP¥57.9b (down 5.9% from 2Q 2024). Net income: JP¥3.50b (down 17% from 2Q 2024). Profit margin: 6.0% (down from 6.8% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Electronic industry in Germany. Duyuru • Sep 25
Japan Aviation Electronics Industry, Limited to Report Q2, 2025 Results on Oct 23, 2024 Japan Aviation Electronics Industry, Limited announced that they will report Q2, 2025 results on Oct 23, 2024 Duyuru • Sep 23
Japan Aviation Electronics Industry, Limited(TSE:6807) dropped from FTSE All-World Index (USD) Japan Aviation Electronics Industry, Limited(TSE:6807) dropped from FTSE All-World Index (USD) Upcoming Dividend • Sep 20
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 04 December 2024. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (1.8%). 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 €12.70, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 15x in the Electronic industry in Germany. Total returns to shareholders of 1.9% over the past three years. Reported Earnings • Jul 26
First quarter 2025 earnings released: EPS: JP¥46.56 (vs JP¥27.44 in 1Q 2024) First quarter 2025 results: EPS: JP¥46.56 (up from JP¥27.44 in 1Q 2024). Revenue: JP¥55.6b (up 7.4% from 1Q 2024). Net income: JP¥3.14b (up 25% from 1Q 2024). Profit margin: 5.6% (up from 4.8% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 4% per year. Declared Dividend • Jul 11
Final dividend of JP¥30.00 announced Shareholders will receive a dividend of JP¥30.00. Ex-date: 27th September 2024 Payment date: 4th December 2024 Dividend yield will be 201%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (40% earnings payout ratio) and cash flows (28% 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. EPS is expected to grow by 53% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Duyuru • Jun 23
Japan Aviation Electronics Industry, Limited to Report Q1, 2025 Results on Jul 24, 2024 Japan Aviation Electronics Industry, Limited announced that they will report Q1, 2025 results on Jul 24, 2024 Reported Earnings • Jun 23
Full year 2024 earnings released: EPS: JP¥137 (vs JP¥161 in FY 2023) Full year 2024 results: EPS: JP¥137 (down from JP¥161 in FY 2023). Revenue: JP¥225.8b (down 4.3% from FY 2023). Net income: JP¥12.2b (down 16% from FY 2023). Profit margin: 5.4% (down from 6.2% in FY 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 25
Full year 2024 earnings released: EPS: JP¥137 (vs JP¥161 in FY 2023) Full year 2024 results: EPS: JP¥137 (down from JP¥161 in FY 2023). Revenue: JP¥225.8b (down 4.3% from FY 2023). Net income: JP¥12.2b (down 16% from FY 2023). Profit margin: 5.4% (down from 6.2% in FY 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Duyuru • Apr 24
Japan Aviation Electronics Industry, Limited, Annual General Meeting, Jun 19, 2024 Japan Aviation Electronics Industry, Limited, Annual General Meeting, Jun 19, 2024. Duyuru • Mar 24
Japan Aviation Electronics Industry, Limited to Report Fiscal Year 2024 Results on Apr 24, 2024 Japan Aviation Electronics Industry, Limited announced that they will report fiscal year 2024 results on Apr 24, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 03 June 2024. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of German dividend payers (4.9%). Higher than average of industry peers (1.5%). New Risk • Feb 15
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 7.3% 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. Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €15.60, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 12x in the Electronic industry in Germany. Total returns to shareholders of 3.3% over the past year. Reported Earnings • Jan 30
Third quarter 2024 earnings released: EPS: JP¥44.59 (vs JP¥29.63 in 3Q 2023) Third quarter 2024 results: EPS: JP¥44.59 (up from JP¥29.63 in 3Q 2023). Revenue: JP¥58.1b (down 5.7% from 3Q 2023). Net income: JP¥4.07b (up 51% from 3Q 2023). Profit margin: 7.0% (up from 4.4% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Electronic industry in Germany. Duyuru • Jan 30
NEC Reportedly Plans to Cut Stake Japan Aviation Electronics Industry Japan Aviation Electronics Industry, Limited (TSE:6807) shares slid in the wake of weak quarterly results and news that its parent company NEC Corporation (TSE:6701) plans to cut its stake in the electronics maker. Shares in Japan Aviation were recently 17% lower at JPY 2,526 after falling as much as 18% earlier Tuesday. Parent NEC Corp.'s shares were recently down 1.0%. Duyuru • Jan 29
Japan Aviation Electronics Industry, Limited Provides Dividend Guidance for the Fiscal Year Ending March 31, 2024 Japan Aviation Electronics Industry, Limited provided dividend guidance for the Fiscal year ending March 31, 2024. For the year, the company expects dividend of JPY 25.00 per share against JPY 25.00 per share a year ago. Duyuru • Dec 27
Japan Aviation Electronics Industry, Limited to Report Q3, 2024 Results on Jan 29, 2024 Japan Aviation Electronics Industry, Limited announced that they will report Q3, 2024 results on Jan 29, 2024 Reported Earnings • Oct 30
Second quarter 2024 earnings released: EPS: JP¥46.19 (vs JP¥53.51 in 2Q 2023) Second quarter 2024 results: EPS: JP¥46.19 (down from JP¥53.51 in 2Q 2023). Revenue: JP¥61.6b (down 6.4% from 2Q 2023). Net income: JP¥4.21b (down 14% from 2Q 2023). Profit margin: 6.8% (down from 7.4% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Electronic industry in Germany. Duyuru • Sep 27
Japan Aviation Electronics Industry, Limited to Report Q2, 2024 Results on Oct 27, 2023 Japan Aviation Electronics Industry, Limited announced that they will report Q2, 2024 results on Oct 27, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of JP¥25.00 per share at 1.7% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 04 December 2023. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (1.5%). Buying Opportunity • Aug 01
Now 20% undervalued Over the last 90 days, the stock is up 14%. The fair value is estimated to be €22.83, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.4% over the last 3 years. Earnings per share has grown by 32%. Revenue is forecast to grow by 8.6% in 2 years. Earnings is forecast to grow by 47% in the next 2 years. New Risk • Jul 30
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.9% Last year net profit margin: 7.6% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. This is currently the only risk that has been identified for the company. Reported Earnings • Jul 28
First quarter 2024 earnings released: EPS: JP¥27.44 (vs JP¥64.32 in 1Q 2023) First quarter 2024 results: EPS: JP¥27.44 (down from JP¥64.32 in 1Q 2023). Revenue: JP¥51.7b (down 8.4% from 1Q 2023). Net income: JP¥2.50b (down 57% from 1Q 2023). Profit margin: 4.8% (down from 10% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Buying Opportunity • Jul 07
Now 20% undervalued Over the last 90 days, the stock is up 27%. The fair value is estimated to be €24.47, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.7% over the last 3 years. Earnings per share has grown by 33%. For the next 3 years, revenue is forecast to grow by 3.9% per annum. Earnings is also forecast to grow by 7.8% per annum over the same time period. Reported Earnings • Jun 25
Full year 2023 earnings released: EPS: JP¥161 (vs JP¥157 in FY 2022) Full year 2023 results: EPS: JP¥161 (up from JP¥157 in FY 2022). Revenue: JP¥235.9b (up 4.8% from FY 2022). Net income: JP¥14.6b (up 2.2% from FY 2022). Profit margin: 6.2% (down from 6.4% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Electronic industry in Germany. Duyuru • Jun 24
Japan Aviation Electronics Industry, Limited to Report Q1, 2024 Results on Jul 27, 2023 Japan Aviation Electronics Industry, Limited announced that they will report Q1, 2024 results on Jul 27, 2023 Reported Earnings • Apr 30
Full year 2023 earnings released: EPS: JP¥161 (vs JP¥157 in FY 2022) Full year 2023 results: EPS: JP¥161 (up from JP¥157 in FY 2022). Revenue: JP¥235.9b (up 4.8% from FY 2022). Net income: JP¥14.6b (up 2.2% from FY 2022). Profit margin: 6.2% (down from 6.4% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Electronic industry in Germany. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥25.00 per share at 2.2% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 08 June 2023. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (1.0%). Reported Earnings • Jan 28
Third quarter 2023 earnings released: EPS: JP¥29.63 (vs JP¥40.00 in 3Q 2022) Third quarter 2023 results: EPS: JP¥29.63 (down from JP¥40.00 in 3Q 2022). Revenue: JP¥61.6b (up 6.6% from 3Q 2022). Net income: JP¥2.70b (down 26% from 3Q 2022). Profit margin: 4.4% (down from 6.3% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Electronic industry in Germany. Duyuru • Dec 24
Japan Aviation Electronics Industry, Limited to Report Q3, 2023 Results on Jan 27, 2023 Japan Aviation Electronics Industry, Limited announced that they will report Q3, 2023 results on Jan 27, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: JP¥53.51 (vs JP¥45.12 in 2Q 2022) Second quarter 2023 results: EPS: JP¥53.51 (up from JP¥45.12 in 2Q 2022). Revenue: JP¥65.8b (up 11% from 2Q 2022). Net income: JP¥4.87b (up 19% from 2Q 2022). Profit margin: 7.4% (up from 6.9% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Board Change • Nov 16
Less than half of directors are independent There are 6 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: 3 independent directors. 6 non-independent directors. Independent Outside Director Shuichi Kashiwagi was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Valuation Update With 7 Day Price Move • Nov 02
Investor sentiment improved over the past week After last week's 16% share price gain to €15.60, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 17x in the Electronic industry in Germany. Total returns to shareholders of 15% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €25.50 per share. Reported Earnings • Oct 27
Second quarter 2023 earnings released: EPS: JP¥53.51 (vs JP¥45.12 in 2Q 2022) Second quarter 2023 results: EPS: JP¥53.51 (up from JP¥45.12 in 2Q 2022). Revenue: JP¥65.8b (up 11% from 2Q 2022). Net income: JP¥4.87b (up 19% from 2Q 2022). Profit margin: 7.4% (up from 6.9% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Duyuru • Sep 24
Japan Aviation Electronics Industry, Limited to Report Q2, 2023 Results on Oct 26, 2022 Japan Aviation Electronics Industry, Limited announced that they will report Q2, 2023 results on Oct 26, 2022 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 02 December 2022. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of German dividend payers (5.1%). Higher than average of industry peers (1.2%). Reported Earnings • Jul 28
First quarter 2023 earnings released: EPS: JP¥64.32 (vs JP¥29.47 in 1Q 2022) First quarter 2023 results: EPS: JP¥64.32 (up from JP¥29.47 in 1Q 2022). Revenue: JP¥56.5b (up 7.4% from 1Q 2022). Net income: JP¥5.85b (up 118% from 1Q 2022). Profit margin: 10% (up from 5.1% in 1Q 2022). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 8.4%, compared to a 20% growth forecast for the industry in Germany. Board Change • Apr 28
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, 2 were independent directors. The company's board is composed of: 7 new directors. 3 experienced directors. 2 highly experienced directors. 3 independent directors (6 non-independent directors). President & Representative Director Tsutomu Onohara is the most experienced director on the board, commencing their role in 2010. Independent Outside Director Shuichi Kashiwagi was the last independent director to join the board, commencing their role in 2021. 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
Japan Aviation Electronics Industry, Limited to Report Fiscal Year 2022 Results on Apr 27, 2022 Japan Aviation Electronics Industry, Limited announced that they will report fiscal year 2022 results on Apr 27, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 08 June 2022. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of German dividend payers (3.6%). Higher than average of industry peers (0.7%). Reported Earnings • Jan 29
Third quarter 2022 earnings: EPS in line with expectations, revenues disappoint Third quarter 2022 results: EPS: JP¥40.00 (up from JP¥21.42 in 3Q 2021). Revenue: JP¥57.7b (up 4.6% from 3Q 2021). Net income: JP¥3.64b (up 87% from 3Q 2021). Profit margin: 6.3% (up from 3.5% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.4%. Over the next year, revenue is forecast to grow 1.7%, compared to a 23% growth forecast for the industry in Germany. Reported Earnings • Oct 28
Second quarter 2022 earnings released: EPS JP¥45.12 (vs JP¥19.35 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥59.5b (up 11% from 2Q 2021). Net income: JP¥4.10b (up 133% from 2Q 2021). Profit margin: 6.9% (up from 3.3% in 2Q 2021). The increase in margin was driven by higher revenue. Reported Earnings • Jul 30
First quarter 2022 earnings released: EPS JP¥29.47 (vs JP¥14.59 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥52.5b (up 21% from 1Q 2021). Net income: JP¥2.68b (up JP¥4.01b from 1Q 2021). Profit margin: 5.1% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Board Change • Jul 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, 2 were independent directors. The company's board is composed of: 7 new directors. 3 experienced directors. 2 highly experienced directors. 3 independent directors (6 non-independent directors). President, GM of Connector Division & Representative Director Tsutomu Onohara is the most experienced director on the board, commencing their role in 2010. Independent Outside Director Shuichi Kashiwagi was the last independent director to join the board, commencing their role in 2021. 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. Reported Earnings • Jun 27
Full year 2021 earnings released: EPS JP¥62.58 (vs JP¥123 in FY 2020) The company reported a poor full year result with weaker earnings and profit margins, although revenues were flat. Full year 2021 results: Revenue: JP¥209.7b (flat on FY 2020). Net income: JP¥5.69b (down 49% from FY 2020). Profit margin: 2.7% (down from 5.4% in FY 2020).