Declared Dividend • Jul 25
Final dividend of JP¥21.00 announced Shareholders will receive a dividend of JP¥21.00. Ex-date: 29th September 2026 Payment date: 10th December 2026 Dividend yield will be 4.2%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (35% 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 5.4% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 44% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Duyuru • Jun 28
ALPHA Corporation to Report Q1, 2027 Results on Aug 06, 2026 ALPHA Corporation announced that they will report Q1, 2027 results on Aug 06, 2026 Reported Earnings • May 18
Full year 2026 earnings released: EPS: JP¥144 (vs JP¥31.39 loss in FY 2025) Full year 2026 results: EPS: JP¥144 (up from JP¥31.39 loss in FY 2025). Revenue: JP¥72.7b (down 1.1% from FY 2025). Net income: JP¥1.38b (up JP¥1.68b from FY 2025). Profit margin: 1.9% (up from net loss in FY 2025). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Duyuru • May 14
ALPHA Corporation, Annual General Meeting, Jun 26, 2026 ALPHA Corporation, Annual General Meeting, Jun 26, 2026. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 29 June 2026. Payout ratio and cash payout ratio are on the higher end at 78% and 97% respectively. Trailing yield: 3.7%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.8%). Reported Earnings • Feb 14
Third quarter 2026 earnings released: EPS: JP¥51.08 (vs JP¥29.80 loss in 3Q 2025) Third quarter 2026 results: EPS: JP¥51.08 (up from JP¥29.80 loss in 3Q 2025). Revenue: JP¥18.3b (flat on 3Q 2025). Net income: JP¥491.0m (up JP¥777.0m from 3Q 2025). Profit margin: 2.7% (up from net loss in 3Q 2025). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Declared Dividend • Dec 11
First half dividend of JP¥30.00 announced Shareholders will receive a dividend of JP¥30.00. Ex-date: 30th March 2026 Payment date: 29th June 2026 Dividend yield will be 4.3%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. The dividend is also not adequately covered by cash flows (97% cash payout ratio). The dividend has increased by an average of 5.2% per year over the past 10 years. However, payments have been volatile during that time. Duyuru • Dec 03
ALPHA Corporation to Report Q3, 2026 Results on Feb 12, 2026 ALPHA Corporation announced that they will report Q3, 2026 results on Feb 12, 2026 New Risk • Nov 17
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. Cash payout ratio: 97% Dividend yield: 4.3% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 97% Minor Risk Market cap is less than US$100m (JP¥11.1b market cap, or US$71.6m). Reported Earnings • Nov 17
Second quarter 2026 earnings released: EPS: JP¥20.71 (vs JP¥14.81 loss in 2Q 2025) Second quarter 2026 results: EPS: JP¥20.71 (up from JP¥14.81 loss in 2Q 2025). Revenue: JP¥17.4b (down 5.4% from 2Q 2025). Net income: JP¥199.0m (up JP¥341.0m from 2Q 2025). Profit margin: 1.1% (up from net loss in 2Q 2025). Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Duyuru • Sep 30
ALPHA Corporation to Report Q2, 2026 Results on Nov 13, 2025 ALPHA Corporation announced that they will report Q2, 2026 results on Nov 13, 2025 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 10 December 2025. The company is not currently making a profit but it is cash flow positive. Trailing yield: 4.2%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (3.0%). Reported Earnings • Aug 08
First quarter 2026 earnings released: EPS: JP¥24.18 (vs JP¥47.90 in 1Q 2025) First quarter 2026 results: EPS: JP¥24.18 (down from JP¥47.90 in 1Q 2025). Revenue: JP¥16.7b (down 8.4% from 1Q 2025). Net income: JP¥232.0m (down 50% from 1Q 2025). Profit margin: 1.4% (down from 2.5% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Declared Dividend • Jul 09
Final dividend of JP¥20.00 announced Shareholders will receive a dividend of JP¥20.00. Ex-date: 29th September 2025 Payment date: 10th December 2025 Dividend yield will be 4.2%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is not covered by earnings (194% earnings payout ratio). However, it is well covered by cash flows (24% cash payout ratio). The dividend has increased by an average of 5.2% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 116% to bring the payout ratio under control, which is more than the 44% EPS growth achieved over the last 5 years. Reported Earnings • Jun 30
Full year 2025 earnings released: JP¥31.39 loss per share (vs JP¥188 profit in FY 2024) Full year 2025 results: JP¥31.39 loss per share (down from JP¥188 profit in FY 2024). Revenue: JP¥73.5b (down 1.4% from FY 2024). Net loss: JP¥301.0m (down 117% from profit in FY 2024). Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 2% per year. Duyuru • Jun 03
ALPHA Corporation to Report Q1, 2026 Results on Aug 07, 2025 ALPHA Corporation announced that they will report Q1, 2026 results on Aug 07, 2025 Reported Earnings • May 15
Full year 2025 earnings released: JP¥31.38 loss per share (vs JP¥188 profit in FY 2024) Full year 2025 results: JP¥31.38 loss per share (down from JP¥188 profit in FY 2024). Revenue: JP¥73.5b (down 1.4% from FY 2024). Net loss: JP¥301.0m (down 117% from profit in FY 2024). Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 4% per year. Duyuru • May 13
ALPHA Corporation, Annual General Meeting, Jun 26, 2025 ALPHA Corporation, Annual General Meeting, Jun 26, 2025. Duyuru • Apr 24
ALPHA Corporation (TSE:3434) signed a letter of intent to acquire 33% stake in Vision Plast SAS from La Sirene SARL for €0.76 million. ALPHA Corporation (TSE:3434) signed a letter of intent to acquire 33% stake in Vision Plast SAS from La Sirene SARL for €0.76 million on April 22, 2025. In this transaction, ALPHA Corporation will acquire 4455 shares in Vision Plast. Date of Board of Directors Resolution date is April 22, 2025. Vision Plast had reported net worth of €1.04 million, total assets of €4.9 million, sales of €10.62 million, EBIT of €0.204 million and net income of €0.16 million during Fiscal year ending December 2024.
The transfer of shares will be carried out promptly after the foreign investment review by the French authorities is completed in June 2025. Duyuru • Mar 27
ALPHA Corporation to Report Fiscal Year 2025 Results on May 13, 2025 ALPHA Corporation announced that they will report fiscal year 2025 results on May 13, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 27 June 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 4.1%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (3.3%). Reported Earnings • Feb 15
Third quarter 2025 earnings released: JP¥29.80 loss per share (vs JP¥41.22 profit in 3Q 2024) Third quarter 2025 results: JP¥29.80 loss per share (down from JP¥41.22 profit in 3Q 2024). Revenue: JP¥18.3b (flat on 3Q 2024). Net loss: JP¥286.0m (down 172% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 2% per year. Declared Dividend • Dec 11
First half dividend of JP¥30.00 announced Shareholders will receive a dividend of JP¥30.00. Ex-date: 28th March 2025 Payment date: 27th June 2025 Dividend yield will be 4.8%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (48% earnings payout ratio) and cash flows (16% cash payout ratio). The dividend has increased by an average of 5.2% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 47% to shift the payout ratio to a potentially unsustainable range, which is more than the 13% EPS decline seen over the last 5 years. Duyuru • Dec 04
ALPHA Corporation to Report Q3, 2025 Results on Feb 13, 2025 ALPHA Corporation announced that they will report Q3, 2025 results on Feb 13, 2025 Reported Earnings • Nov 10
Second quarter 2025 earnings released: JP¥14.81 loss per share (vs JP¥71.07 profit in 2Q 2024) Second quarter 2025 results: JP¥14.81 loss per share (down from JP¥71.07 profit in 2Q 2024). Revenue: JP¥18.4b (flat on 2Q 2024). Net loss: JP¥142.0m (down 121% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 05 December 2024. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 4.1%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (3.5%). Duyuru • Sep 03
ALPHA Corporation to Report Q2, 2025 Results on Nov 08, 2024 ALPHA Corporation announced that they will report Q2, 2025 results on Nov 08, 2024 Reported Earnings • Aug 13
First quarter 2025 earnings released: EPS: JP¥47.90 (vs JP¥55.83 in 1Q 2024) First quarter 2025 results: EPS: JP¥47.90 (down from JP¥55.83 in 1Q 2024). Revenue: JP¥18.2b (flat on 1Q 2024). Net income: JP¥459.0m (down 14% from 1Q 2024). Profit margin: 2.5% (down from 3.0% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. New Risk • Aug 05
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 Japanese stocks, typically moving 6.1% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.1% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (JP¥10.4b market cap, or US$72.7m). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to JP¥1,081, the stock trades at a trailing P/E ratio of 5.7x. Average trailing P/E is 8x in the Auto Components industry in Japan. Negligible returns to shareholders over past three years. Declared Dividend • Jul 11
Final dividend of JP¥20.00 announced Shareholders will receive a dividend of JP¥20.00. Ex-date: 27th September 2024 Payment date: 5th December 2024 Dividend yield will be 3.3%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (19% earnings payout ratio) and cash flows (14% cash payout ratio). The dividend has increased by an average of 5.2% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 78% to shift the payout ratio to a potentially unsustainable range, which is more than the 3.4% EPS decline seen over the last 5 years. Duyuru • Jun 06
ALPHA Corporation to Report Q1, 2025 Results on Aug 08, 2024 ALPHA Corporation announced that they will report Q1, 2025 results on Aug 08, 2024 Duyuru • May 15
ALPHA Corporation, Annual General Meeting, Jun 26, 2024 ALPHA Corporation, Annual General Meeting, Jun 26, 2024. Buy Or Sell Opportunity • May 13
Now 29% undervalued after recent price drop Over the last 90 days, the stock has fallen 8.7% to JP¥1,407. The fair value is estimated to be JP¥1,983, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 17%. Reported Earnings • May 12
Full year 2024 earnings released: EPS: JP¥188 (vs JP¥54.72 in FY 2023) Full year 2024 results: EPS: JP¥188 (up from JP¥54.72 in FY 2023). Revenue: JP¥74.5b (up 19% from FY 2023). Net income: JP¥1.80b (up 244% from FY 2023). Profit margin: 2.4% (up from 0.8% in FY 2023). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Apr 19
Now 21% undervalued Over the last 90 days, the stock has risen 3.2% to JP¥1,498. The fair value is estimated to be JP¥1,890, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Meanwhile, the company has become profitable. New Risk • Apr 12
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥15.2b (US$99.4m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Market cap is less than US$100m (JP¥15.2b market cap, or US$99.4m). Duyuru • Mar 29
ALPHA Corporation to Report Fiscal Year 2024 Results on May 10, 2024 ALPHA Corporation announced that they will report fiscal year 2024 results on May 10, 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: 26 June 2024. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (2.6%). Reported Earnings • Feb 19
Third quarter 2024 earnings released: EPS: JP¥41.22 (vs JP¥45.62 in 3Q 2023) Third quarter 2024 results: EPS: JP¥41.22 (down from JP¥45.62 in 3Q 2023). Revenue: JP¥18.2b (up 5.6% from 3Q 2023). Net income: JP¥395.0m (down 9.6% from 3Q 2023). Profit margin: 2.2% (down from 2.5% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Duyuru • Dec 29
ALPHA Corporation to Report Q3, 2024 Results on Feb 14, 2024 ALPHA Corporation announced that they will report Q3, 2024 results on Feb 14, 2024 Reported Earnings • Nov 11
Second quarter 2024 earnings released: EPS: JP¥71.06 (vs JP¥10.86 in 2Q 2023) Second quarter 2024 results: EPS: JP¥71.06 (up from JP¥10.86 in 2Q 2023). Revenue: JP¥18.3b (up 23% from 2Q 2023). Net income: JP¥681.0m (up JP¥577.0m from 2Q 2023). Profit margin: 3.7% (up from 0.7% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Duyuru • Oct 15
ALPHA Corporation to Report Q2, 2024 Results on Nov 10, 2023 ALPHA Corporation announced that they will report Q2, 2024 results on Nov 10, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of JP¥20.00 per share at 2.3% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 05 December 2023. Payout ratio is a comfortable 30% but the company is not cash flow positive. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.3%). In line with average of industry peers (2.5%). New Risk • Aug 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 Japanese stocks, typically moving 5.6% 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 Earnings have declined by 13% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.6% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (JP¥13.5b market cap, or US$92.5m). Reported Earnings • Aug 12
First quarter 2024 earnings released: EPS: JP¥55.83 (vs JP¥11.81 in 1Q 2023) First quarter 2024 results: EPS: JP¥55.83 (up from JP¥11.81 in 1Q 2023). Revenue: JP¥18.1b (up 29% from 1Q 2023). Net income: JP¥535.0m (up 374% from 1Q 2023). Profit margin: 3.0% (up from 0.8% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Duyuru • Jun 24
ALPHA Corporation to Report Q1, 2024 Results on Aug 10, 2023 ALPHA Corporation announced that they will report Q1, 2024 results on Aug 10, 2023 Reported Earnings • May 16
Full year 2023 earnings released: EPS: JP¥54.72 (vs JP¥62.76 in FY 2022) Full year 2023 results: EPS: JP¥54.72 (down from JP¥62.76 in FY 2022). Revenue: JP¥62.9b (up 17% from FY 2022). Net income: JP¥524.0m (down 13% from FY 2022). Profit margin: 0.8% (down from 1.1% in FY 2022). Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Duyuru • May 13
ALPHA Corporation, Annual General Meeting, Jun 23, 2023 ALPHA Corporation, Annual General Meeting, Jun 23, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥20.00 per share at 3.0% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 27 June 2023. Payout ratio is a comfortable 29% but the company is not cash flow positive. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (3.2%). Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: JP¥45.60 (vs JP¥2.61 in 3Q 2022) Third quarter 2023 results: EPS: JP¥45.60 (up from JP¥2.61 in 3Q 2022). Revenue: JP¥17.2b (up 34% from 3Q 2022). Net income: JP¥437.0m (up JP¥412.0m from 3Q 2022). Profit margin: 2.5% (up from 0.2% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Duyuru • Dec 17
ALPHA Corporation to Report Q3, 2023 Results on Feb 10, 2023 ALPHA Corporation announced that they will report Q3, 2023 results on Feb 10, 2023 Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 2 highly experienced directors. 2 independent directors (5 non-independent directors). Independent Outside Director Kazutoshi Isogai 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. Insufficient board refreshment. Reported Earnings • Nov 12
Second quarter 2023 earnings released: EPS: JP¥10.86 (vs JP¥5.75 in 2Q 2022) Second quarter 2023 results: EPS: JP¥10.86 (up from JP¥5.75 in 2Q 2022). Revenue: JP¥14.8b (up 13% from 2Q 2022). Net income: JP¥104.0m (up 89% from 2Q 2022). Profit margin: 0.7% (up from 0.4% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 06 December 2022. Payout ratio is a comfortable 56% but the company is not cash flow positive. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (3.1%). Duyuru • Aug 31
ALPHA Corporation to Report Q2, 2023 Results on Nov 10, 2022 ALPHA Corporation announced that they will report Q2, 2023 results on Nov 10, 2022 Reported Earnings • Aug 12
First quarter 2023 earnings released: EPS: JP¥11.81 (vs JP¥20.83 in 1Q 2022) First quarter 2023 results: EPS: JP¥11.81 (down from JP¥20.83 in 1Q 2022). Revenue: JP¥14.0b (up 3.8% from 1Q 2022). Net income: JP¥113.0m (down 43% from 1Q 2022). Profit margin: 0.8% (down from 1.5% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Duyuru • Jun 18
ALPHA Corporation to Report Q1, 2023 Results on Aug 10, 2022 ALPHA Corporation announced that they will report Q1, 2023 results on Aug 10, 2022 Reported Earnings • May 17
Full year 2022 earnings released: EPS: JP¥62.76 (vs JP¥23.45 in FY 2021) Full year 2022 results: EPS: JP¥62.76 (up from JP¥23.45 in FY 2021). Revenue: JP¥53.8b (up 13% from FY 2021). Net income: JP¥600.0m (up 168% from FY 2021). Profit margin: 1.1% (up from 0.5% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 8% per year. Duyuru • May 14
ALPHA Corporation, Annual General Meeting, Jun 24, 2022 ALPHA Corporation, Annual General Meeting, Jun 24, 2022. Board Change • Apr 27
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. 5 non-independent directors. Independent Outside Director Kazutoshi Isogai was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Apr 07
ALPHA Corporation to Report Fiscal Year 2022 Results on May 12, 2022 ALPHA Corporation announced that they will report fiscal year 2022 results on May 12, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 25 June 2022. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.4%). In line with average of industry peers (3.0%). Reported Earnings • Feb 12
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥2.61 (down from JP¥32.56 in 3Q 2021). Revenue: JP¥12.8b (down 3.6% from 3Q 2021). Net income: JP¥25.0m (down 92% from 3Q 2021). Profit margin: 0.2% (down from 2.3% in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 12
Second quarter 2022 earnings released: EPS JP¥5.75 (vs JP¥110 loss in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥13.1b (up 45% from 2Q 2021). Net income: JP¥55.0m (up JP¥1.11b from 2Q 2021). Profit margin: 0.4% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 07 December 2021. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.0%). In line with average of industry peers (2.5%). Reported Earnings • Jun 30
Full year 2021 earnings released: EPS JP¥23.45 (vs JP¥127 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¥47.6b (down 21% from FY 2020). Net income: JP¥224.0m (up JP¥1.43b from FY 2020). Profit margin: 0.5% (up from net loss in FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance. Reported Earnings • May 16
Full year 2021 earnings released: EPS JP¥23.45 (vs JP¥127 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¥47.6b (down 21% from FY 2020). Net income: JP¥224.0m (up JP¥1.43b from FY 2020). Profit margin: 0.5% (up from net loss in FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 26 June 2021. Trailing yield: 3.2%. Within top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.9%). Duyuru • Mar 10
ALPHA Corporation to Report Fiscal Year 2021 Results on May 13, 2021 ALPHA Corporation announced that they will report fiscal year 2021 results on May 13, 2021 Is New 90 Day High Low • Mar 03
New 90-day high: JP¥1,149 The company is up 17% from its price of JP¥980 on 03 December 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 16% over the same period. Reported Earnings • Feb 12
Third quarter 2021 earnings released: EPS JP¥32.55 (vs JP¥13.19 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: JP¥13.3b (down 9.9% from 3Q 2020). Net income: JP¥311.0m (up 147% from 3Q 2020). Profit margin: 2.3% (up from 0.9% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 89% 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. Is New 90 Day High Low • Feb 08
New 90-day high: JP¥1,058 The company is up 7.0% from its price of JP¥990 on 10 November 2020. The Japanese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 25% over the same period. Is New 90 Day High Low • Jan 10
New 90-day high: JP¥1,044 The company is up 2.0% from its price of JP¥1,019 on 12 October 2020. The Japanese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 16% over the same period. Duyuru • Dec 12
ALPHA Corporation to Report Q3, 2021 Results on Feb 10, 2021 ALPHA Corporation announced that they will report Q3, 2021 results on Feb 10, 2021 Duyuru • Sep 11
ALPHA Corporation to Report Q2, 2021 Results on Nov 12, 2020 ALPHA Corporation announced that they will report Q2, 2021 results on Nov 12, 2020 Duyuru • Jun 19
ALPHA Corporation to Report Q1, 2021 Results on Aug 06, 2020 ALPHA Corporation announced that they will report Q1, 2021 results on Aug 06, 2020