New Risk • Jun 27
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 66% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (117% cash payout ratio). Large one-off items impacting financial results. Major Estimate Revision • Jun 09
Consensus EPS estimates increase by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2027 has improved. 2027 revenue forecast increased from JP¥1.90t to JP¥1.92t. EPS estimate increased from JP¥141 to JP¥157 per share. Net income forecast to grow 316% next year vs 0.7% growth forecast for Auto Components industry in Japan. Consensus price target up from JP¥2,243 to JP¥2,388. Share price rose 6.5% to JP¥2,155 over the past week. Duyuru • Jun 03
JTEKT Corporation to Report Q1, 2027 Results on Jul 31, 2026 JTEKT Corporation announced that they will report Q1, 2027 results on Jul 31, 2026 Board Change • May 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. 3 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Outside Audit & Supervisory Board Member Yasushi Matsui is the most experienced director on the board, commencing their role in 2022. Independent Outside Director Ikuji Ikeda was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Duyuru • Apr 28
JTEKT Corporation, Annual General Meeting, Jun 25, 2026 JTEKT Corporation, Annual General Meeting, Jun 25, 2026. Duyuru • Apr 04
JTEKT Corporation to Report Fiscal Year 2026 Results on Apr 28, 2026 JTEKT Corporation announced that they will report fiscal year 2026 results on Apr 28, 2026 Price Target Changed • Mar 04
Price target increased by 9.1% to JP¥2,188 Up from JP¥2,005, the current price target is an average from 4 analysts. New target price is 18% above last closing price of JP¥1,853. Stock is up 61% over the past year. The company is forecast to post earnings per share of JP¥106 for next year compared to JP¥40.36 last year. Major Estimate Revision • Feb 28
Consensus EPS estimates increase by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from JP¥1.90t to JP¥1.92t. EPS estimate increased from JP¥94.49 to JP¥106 per share. Net income forecast to grow 75% next year vs 6.2% growth forecast for Auto Components industry in Japan. Consensus price target broadly unchanged at JP¥2,038. Share price rose 5.0% to JP¥2,149 over the past week. Reported Earnings • Feb 04
Third quarter 2026 earnings: EPS and revenues exceed analyst expectations Third quarter 2026 results: EPS: JP¥28.86 (up from JP¥10.83 in 3Q 2025). Revenue: JP¥473.1b (up 1.4% from 3Q 2025). Net income: JP¥9.19b (up 147% from 3Q 2025). Profit margin: 1.9% (up from 0.8% in 3Q 2025). Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 87%. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings. Price Target Changed • Jan 16
Price target increased by 9.1% to JP¥2,005 Up from JP¥1,838, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of JP¥1,953. Stock is up 77% over the past year. The company is forecast to post earnings per share of JP¥94.49 for next year compared to JP¥40.36 last year. Duyuru • Dec 02
JTEKT Corporation to Report Q3, 2026 Results on Feb 03, 2026 JTEKT Corporation announced that they will report Q3, 2026 results on Feb 03, 2026 Declared Dividend • Nov 27
First half dividend of JP¥30.00 announced Shareholders will receive a dividend of JP¥30.00. Ex-date: 30th March 2026 Payment date: 25th May 2026 Dividend yield will be 3.6%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is not adequately covered by earnings (92% earnings payout ratio) nor is it adequately covered by cash flows (100% cash payout ratio). The dividend has increased by an average of 7.9% 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 1.9% to bring the payout ratio under control. EPS is expected to grow by 168% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. New Risk • Nov 20
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 44% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (100% cash payout ratio). Large one-off items impacting financial results. New Risk • Nov 01
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 44% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (100% cash payout ratio). Large one-off items impacting financial results. Reported Earnings • Nov 01
Second quarter 2026 earnings: EPS and revenues exceed analyst expectations Second quarter 2026 results: EPS: JP¥17.76 (up from JP¥13.36 loss in 2Q 2025). Revenue: JP¥475.4b (up 4.6% from 2Q 2025). Net income: JP¥5.65b (up JP¥10.2b from 2Q 2025). Profit margin: 1.2% (up from net loss in 2Q 2025). Revenue exceeded analyst estimates by 5.3%. Earnings per share (EPS) also surpassed analyst estimates by 89%. Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Price Target Changed • Oct 02
Price target increased by 9.2% to JP¥1,608 Up from JP¥1,473, the current price target is an average from 5 analysts. New target price is 11% above last closing price of JP¥1,454. Stock is up 38% over the past year. The company is forecast to post earnings per share of JP¥85.36 for next year compared to JP¥40.36 last year. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 26 November 2025. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (3.0%). Duyuru • Sep 02
JTEKT Corporation to Report Q2, 2026 Results on Oct 31, 2025 JTEKT Corporation announced that they will report Q2, 2026 results on Oct 31, 2025 Major Estimate Revision • Aug 07
Consensus EPS estimates increase by 19% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from JP¥70.02 to JP¥83.32. Revenue forecast steady at JP¥1.84t. Net income forecast to grow 197% next year vs 7.7% growth forecast for Auto Components industry in Japan. Consensus price target of JP¥1,350 unchanged from last update. Share price rose 2.6% to JP¥1,345 over the past week. Reported Earnings • Aug 01
First quarter 2026 earnings: EPS exceeds analyst expectations First quarter 2026 results: EPS: JP¥20.45 (down from JP¥31.53 in 1Q 2025). Revenue: JP¥454.8b (down 2.0% from 1Q 2025). Net income: JP¥6.51b (down 40% from 1Q 2025). Profit margin: 1.4% (down from 2.3% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 86%. Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Declared Dividend • Jul 09
Final dividend of JP¥30.00 announced Shareholders will receive a dividend of JP¥30.00. Ex-date: 29th September 2025 Payment date: 26th November 2025 Dividend yield will be 4.5%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is not covered by earnings (124% earnings payout ratio) and 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 12% 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 38% to bring the payout ratio under control. EPS is expected to grow by 183% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. New Risk • Jun 27
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 47% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 112% Paying a dividend despite having no free cash flows. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.7% net profit margin). Duyuru • Jun 27
JTEKT Corporation to Report Q1, 2026 Results on Jul 31, 2025 JTEKT Corporation announced that they will report Q1, 2026 results on Jul 31, 2025 Reported Earnings • Jun 27
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: JP¥40.36 (down from JP¥117 in FY 2024). Revenue: JP¥1.88t (flat on FY 2024). Net income: JP¥13.7b (down 66% from FY 2024). Profit margin: 0.7% (down from 2.1% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 38%. Revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Auto Components industry in Japan. 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 5% per year, which means it is well ahead of earnings. Major Estimate Revision • Jun 03
Consensus EPS estimates fall by 31% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from JP¥108 to JP¥75.10. Revenue forecast unchanged from JP¥1.88t at last update. Net income forecast to grow 115% next year vs 10% growth forecast for Auto Components industry in Japan. Consensus price target broadly unchanged at JP¥1,325. Share price was steady at JP¥1,123 over the past week. Reported Earnings • Apr 26
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: JP¥40.36 (down from JP¥117 in FY 2024). Revenue: JP¥1.88t (flat on FY 2024). Net income: JP¥13.7b (down 66% from FY 2024). Profit margin: 0.7% (down from 2.1% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 38%. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Auto Components industry in Japan. 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 7% per year, which means it is well ahead of earnings. Duyuru • Apr 25
JTEKT Corporation, Annual General Meeting, Jun 25, 2025 JTEKT Corporation, Annual General Meeting, Jun 25, 2025. Valuation Update With 7 Day Price Move • Apr 25
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to JP¥1,157, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 8x in the Auto Components industry in Japan. Total returns to shareholders of 41% over the past three years. Major Estimate Revision • Apr 16
Consensus EPS estimates fall by 22% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from JP¥66.85 to JP¥52.27 per share. Revenue forecast steady at JP¥1.87t. Net income forecast to grow 141% next year vs 8.3% growth forecast for Auto Components industry in Japan. Consensus price target down from JP¥1,380 to JP¥1,330. Share price rose 6.0% to JP¥957 over the past week. New Risk • Apr 07
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 Dividend is not well covered by earnings and cash flows. Payout ratio: 112% Cash payout ratio: 256% Minor Risks Share price has been volatile over the past 3 months (5.6% average weekly change). Profit margins are more than 30% lower than last year (0.7% net profit margin). Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to JP¥896, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 7x in the Auto Components industry in Japan. Total returns to shareholders of 13% over the past three years. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 26 May 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 4.3%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (3.3%). Duyuru • Mar 01
JTEKT Corporation to Report Fiscal Year 2025 Results on Apr 25, 2025 JTEKT Corporation announced that they will report fiscal year 2025 results on Apr 25, 2025 Reported Earnings • Feb 01
Third quarter 2025 earnings: EPS misses analyst expectations Third quarter 2025 results: EPS: JP¥10.83 (down from JP¥38.77 in 3Q 2024). Revenue: JP¥466.6b (down 4.7% from 3Q 2024). Net income: JP¥3.72b (down 72% from 3Q 2024). Profit margin: 0.8% (down from 2.7% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 31%. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Auto Components industry in Japan. 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 6% per year. Duyuru • Feb 01
JTEKT Corporation (TSE:6473) announces an Equity Buyback for 27,000,000 shares, representing 7.87% for ¥34,000 million. JTEKT Corporation (TSE:6473) announces a share repurchase program. Under the program, the company will repurchase up to 27,000,000 shares, representing 7.87% of its issued share capital, for ¥34,000 million. The purpose of the buyback is to enhance shareholder returns. The program will expire on February 28, 2025. As of December 31, 2024, the company had shares in issue (excluding treasury shares) and 249,086 shares in treasury. Major Estimate Revision • Jan 30
Consensus EPS estimates fall by 11% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from JP¥75.74 to JP¥67.56 per share. Revenue forecast steady at JP¥1.87t. Net income forecast to grow 37% next year vs 12% growth forecast for Auto Components industry in Japan. Consensus price target of JP¥1,355 unchanged from last update. Share price was steady at JP¥1,149 over the past week. Duyuru • Jan 03
JTEKT Corporation to Report Q3, 2025 Results on Jan 31, 2025 JTEKT Corporation announced that they will report Q3, 2025 results on Jan 31, 2025 Declared Dividend • Nov 27
First half dividend of JP¥25.00 announced Shareholders will receive a dividend of JP¥25.00. Ex-date: 28th March 2025 Payment date: 26th May 2025 Dividend yield will be 4.8%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (29% earnings payout ratio) but not covered by cash flows (464% cash payout ratio). The dividend has increased by an average of 9.6% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 125% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • Nov 26
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 21% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (464% cash payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.2% net profit margin). Reported Earnings • Nov 02
Second quarter 2025 earnings released: JP¥13.36 loss per share (vs JP¥23.70 profit in 2Q 2024) Second quarter 2025 results: JP¥13.36 loss per share (down from JP¥23.70 profit in 2Q 2024). Revenue: JP¥454.4b (down 4.6% from 2Q 2024). Net loss: JP¥4.58b (down 156% from profit in 2Q 2024). Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 27 November 2024. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (3.5%). Price Target Changed • Sep 03
Price target increased by 8.0% to JP¥1,567 Up from JP¥1,450, the current price target is an average from 3 analysts. New target price is 36% above last closing price of JP¥1,150. Stock is down 17% over the past year. The company is forecast to post earnings per share of JP¥118 for next year compared to JP¥117 last year. Duyuru • Aug 28
JTEKT Corporation to Report Q2, 2025 Results on Oct 31, 2024 JTEKT Corporation announced that they will report Q2, 2025 results on Oct 31, 2024 Price Target Changed • Aug 16
Price target decreased by 14% to JP¥1,475 Down from JP¥1,720, the current price target is an average from 4 analysts. New target price is 49% above last closing price of JP¥992. Stock is down 20% over the past year. The company is forecast to post earnings per share of JP¥126 for next year compared to JP¥117 last year. Valuation Update With 7 Day Price Move • Aug 07
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥915, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 8x in the Auto Components industry in Japan. Total loss to shareholders of 5.4% over the past three years. Reported Earnings • Aug 01
First quarter 2025 earnings released: EPS: JP¥31.53 (vs JP¥43.69 in 1Q 2024) First quarter 2025 results: EPS: JP¥31.53 (down from JP¥43.69 in 1Q 2024). Revenue: JP¥464.1b (up 4.1% from 1Q 2024). Net income: JP¥10.8b (down 28% from 1Q 2024). Profit margin: 2.3% (down from 3.4% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Declared Dividend • Jul 11
Final dividend of JP¥15.00 announced Shareholders will receive a dividend of JP¥15.00. Ex-date: 27th September 2024 Payment date: 27th November 2024 Dividend yield will be 3.1%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (31% earnings payout ratio) and cash flows (14% cash payout ratio). The dividend has increased by an average of 4.1% per year over the past 10 years. However, payments have been volatile during that time. 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 22
JTEKT Corporation to Report Q1, 2025 Results on Jul 31, 2024 JTEKT Corporation announced that they will report Q1, 2025 results on Jul 31, 2024 Duyuru • Apr 28
JTEKT Corporation, Annual General Meeting, Jun 25, 2024 JTEKT Corporation, Annual General Meeting, Jun 25, 2024. Reported Earnings • Apr 27
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: JP¥117 (up from JP¥99.94 in FY 2023). Revenue: JP¥1.89t (up 13% from FY 2023). Net income: JP¥40.3b (up 17% from FY 2023). Profit margin: 2.1% (up from 2.0% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 12%. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 24 May 2024. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.2%). In line with average of industry peers (2.6%). Duyuru • Mar 02
JTEKT Corporation to Report Fiscal Year 2024 Results on Apr 26, 2024 JTEKT Corporation announced that they will report fiscal year 2024 results on Apr 26, 2024 Price Target Changed • Feb 28
Price target increased by 13% to JP¥1,775 Up from JP¥1,575, the current price target is an average from 4 analysts. New target price is 28% above last closing price of JP¥1,390. Stock is up 35% over the past year. The company is forecast to post earnings per share of JP¥134 for next year compared to JP¥99.94 last year. Reported Earnings • Feb 04
Third quarter 2024 earnings released: EPS: JP¥38.77 (vs JP¥17.78 in 3Q 2023) Third quarter 2024 results: EPS: JP¥38.77 (up from JP¥17.78 in 3Q 2023). Revenue: JP¥489.6b (up 17% from 3Q 2023). Net income: JP¥13.3b (up 118% from 3Q 2023). Profit margin: 2.7% (up from 1.5% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Jan 22
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 3.3% to JP¥1,317. The fair value is estimated to be JP¥1,086, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 9.2% in 2 years. Earnings are forecast to grow by 13% in the next 2 years. Duyuru • Nov 30
JTEKT Corporation to Report Q3, 2024 Results on Feb 02, 2024 JTEKT Corporation announced that they will report Q3, 2024 results on Feb 02, 2024 Reported Earnings • Nov 02
Second quarter 2024 earnings released: EPS: JP¥23.71 (vs JP¥26.54 in 2Q 2023) Second quarter 2024 results: EPS: JP¥23.71 (down from JP¥26.54 in 2Q 2023). Revenue: JP¥476.6b (up 10% from 2Q 2023). Net income: JP¥8.13b (down 11% from 2Q 2023). Profit margin: 1.7% (down from 2.1% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 04
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥1,241, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 10x in the Auto Components industry in Japan. Total returns to shareholders of 51% over the past three years. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥16.00 per share at 2.1% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 27 November 2023. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.3%). Lower than average of industry peers (2.5%). Duyuru • Aug 31
JTEKT Corporation to Report Q2, 2024 Results on Oct 31, 2023 JTEKT Corporation announced that they will report Q2, 2024 results on Oct 31, 2023 Price Target Changed • Aug 15
Price target increased by 17% to JP¥1,617 Up from JP¥1,388, the current price target is an average from 3 analysts. New target price is 26% above last closing price of JP¥1,280. Stock is up 28% over the past year. The company is forecast to post earnings per share of JP¥129 for next year compared to JP¥99.94 last year. Reported Earnings • Jul 29
First quarter 2024 earnings released: EPS: JP¥43.69 (vs JP¥9.13 in 1Q 2023) First quarter 2024 results: EPS: JP¥43.69 (up from JP¥9.13 in 1Q 2023). Revenue: JP¥445.7b (up 20% from 1Q 2023). Net income: JP¥15.0b (up 378% from 1Q 2023). Profit margin: 3.4% (up from 0.8% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Auto Components industry in Japan. 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 23% per year, which means it is significantly lagging earnings growth. Price Target Changed • Jul 18
Price target increased by 9.4% to JP¥1,388 Up from JP¥1,268, the current price target is an average from 5 analysts. New target price is 10% above last closing price of JP¥1,258. Stock is up 23% over the past year. The company is forecast to post earnings per share of JP¥126 for next year compared to JP¥99.94 last year. Duyuru • Jun 29
JTEKT Corporation to Report Q1, 2024 Results on Jul 28, 2023 JTEKT Corporation announced that they will report Q1, 2024 results on Jul 28, 2023 Reported Earnings • Jun 28
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2023 results: EPS: JP¥99.94 (up from JP¥60.30 in FY 2022). Revenue: JP¥1.68t (up 18% from FY 2022). Net income: JP¥34.3b (up 66% from FY 2022). Profit margin: 2.0% (up from 1.4% in FY 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) exceeded analyst estimates by 15%. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Price Target Changed • May 24
Price target increased by 9.0% to JP¥1,268 Up from JP¥1,163, the current price target is an average from 6 analysts. New target price is 6.9% above last closing price of JP¥1,186. Stock is up 22% over the past year. The company is forecast to post earnings per share of JP¥126 for next year compared to JP¥99.94 last year. Price Target Changed • May 17
Price target increased by 7.0% to JP¥1,218 Up from JP¥1,138, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of JP¥1,165. Stock is up 19% over the past year. The company posted earnings per share of JP¥99.94 last year. Reported Earnings • Apr 29
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2023 results: EPS: JP¥99.94 (up from JP¥60.30 in FY 2022). Revenue: JP¥1.68t (up 18% from FY 2022). Net income: JP¥34.3b (up 66% from FY 2022). Profit margin: 2.0% (up from 1.4% in FY 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) exceeded analyst estimates by 15%. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥11.00 per share at 2.3% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 24 May 2023. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (3.2%). Reported Earnings • Feb 04
Third quarter 2023 earnings: EPS and revenues miss analyst expectations Third quarter 2023 results: EPS: JP¥17.78 (up from JP¥9.80 in 3Q 2022). Revenue: JP¥420.3b (up 18% from 3Q 2022). Net income: JP¥6.10b (up 81% from 3Q 2022). Profit margin: 1.5% (up from 0.9% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 4.6%. Earnings per share (EPS) also missed analyst estimates by 46%. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.