Reported Earnings • Aug 05
First quarter 2027 earnings released: EPS: JP¥120 (vs JP¥92.56 in 1Q 2026) First quarter 2027 results: EPS: JP¥120 (up from JP¥92.56 in 1Q 2026). Revenue: JP¥71.8b (up 14% from 1Q 2026). Net income: JP¥5.81b (up 30% from 1Q 2026). Profit margin: 8.1% (up from 7.1% in 1Q 2026). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 4.1% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Jul 25
Final dividend of JP¥80.00 announced Shareholders will receive a dividend of JP¥80.00. Ex-date: 29th September 2026 Payment date: 8th December 2026 Dividend yield will be 5.8%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (50% earnings payout ratio) but not covered by cash flows (128% cash payout ratio). The dividend has increased by an average of 15% 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 9.3% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Duyuru • Jun 13
F.C.C. Co., Ltd. to Report Q1, 2027 Results on Aug 04, 2026 F.C.C. Co., Ltd. announced that they will report Q1, 2027 results on Aug 04, 2026 Reported Earnings • May 15
Full year 2026 earnings: EPS and revenues exceed analyst expectations Full year 2026 results: EPS: JP¥387 (up from JP¥324 in FY 2025). Revenue: JP¥260.8b (up 1.6% from FY 2025). Net income: JP¥18.8b (up 18% from FY 2025). Profit margin: 7.2% (up from 6.2% in FY 2025). Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) also surpassed analyst estimates by 16%. Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • May 13
F.C.C. Co., Ltd., Annual General Meeting, Jun 23, 2026 F.C.C. Co., Ltd., Annual General Meeting, Jun 23, 2026. Duyuru • May 10
F.C.C. Co., Ltd. to Report Fiscal Year 2026 Results on May 13, 2026 F.C.C. Co., Ltd. announced that they will report fiscal year 2026 results on May 13, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥67.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 25 June 2026. Payout ratio is a comfortable 34% and the cash payout ratio is 92%. Trailing yield: 4.1%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.8%). Price Target Changed • Mar 14
Price target increased by 8.2% to JP¥3,625 Up from JP¥3,350, the current price target is an average from 4 analysts. New target price is 8.0% above last closing price of JP¥3,355. Stock is up 3.9% over the past year. The company is forecast to post earnings per share of JP¥340 for next year compared to JP¥324 last year. Buy Or Sell Opportunity • Mar 02
Now 21% undervalued Over the last 90 days, the stock has risen 8.0% to JP¥3,795. The fair value is estimated to be JP¥4,814, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.5% over the last 3 years. Earnings per share has grown by 19%. For the next 3 years, revenue is forecast to grow by 1.7% per annum. Earnings are also forecast to grow by 5.7% per annum over the same time period. Duyuru • Feb 21
F.C.C. Co., Ltd. Announces Management Changes F.C.C. Co., Ltd. announced the following directors are scheduled to retire upon the conclusion of the 96th Ordinary General Meeting of Shareholders to be held in late June 2026: Mr. Kazuto Suzuki, who currently serves as Senior Managing Director; Mr. Atsuhiro Mukoyama, who currently serves as Managing Director; Mr. Satoshi Nakaya, who currently serves as Managing Director; and Mr. Kazumoto Sugiyama, who currently serves as Outside Director and Audit and Supervisory Committee Member. Mr. Yuji Matsude is scheduled to be promoted to Senior Operating Officer from his current position as Operating Officer, effective late June 2026. Responsibilities are Head of business operation of automobiles business, Head of business operation in China. The following individuals are scheduled to be appointed as new Operating Officers, effective late June 2026: Mr. Yasuo Sakai, currently serving as General Manager of the General Affairs Department; Mr. Ryosuke Okochi, currently serving as Director and President of FCC (THAILAND) CO., LTD.; Mr. Tomonari Nakamura, currently serving as Director and President of FCC (Adams), LLC; and Mr. Yoichi Yamashita, currently serving as Branch Manager of FCC (North America) Inc., Detroit Office. The following individuals will assume their respective responsibilities as Operating Officers effective late June 2026: Mr. Yasuo Sakai will serve as Operating Officer in charge of Compliance and as Head of Personnel and General Affairs; Mr. Ryosuke Okochi will serve as Operating Officer and Head of Business Operations in the ASEAN region; Mr. Tomonari Nakamura will serve as Operating Officer and Head of Production Engineering, as well as Head of Production for Motorcycle Components and Automobile Components; and Mr. Yoichi Yamashita will serve as Operating Officer and Head of Sales (Secondary). Price Target Changed • Feb 07
Price target increased by 8.8% to JP¥3,350 Up from JP¥3,080, the current price target is an average from 4 analysts. New target price is 11% below last closing price of JP¥3,750. Stock is up 24% over the past year. The company is forecast to post earnings per share of JP¥326 for next year compared to JP¥324 last year. Reported Earnings • Feb 05
Third quarter 2026 earnings released: EPS: JP¥67.68 (vs JP¥113 in 3Q 2025) Third quarter 2026 results: EPS: JP¥67.68 (down from JP¥113 in 3Q 2025). Revenue: JP¥64.2b (up 2.9% from 3Q 2025). Net income: JP¥3.28b (down 41% from 3Q 2025). Profit margin: 5.1% (down from 8.8% in 3Q 2025). The decrease in margin was driven by higher expenses. 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 increased by 19% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Jan 28
Now 21% undervalued Over the last 90 days, the stock has risen 18% to JP¥3,710. The fair value is estimated to be JP¥4,724, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.9% over the last 3 years. Earnings per share has grown by 24%. For the next 3 years, revenue is forecast to grow by 1.9% per annum. Earnings are also forecast to grow by 2.3% per annum over the same time period. Declared Dividend • Dec 09
First half dividend of JP¥67.00 announced Shareholders will receive a dividend of JP¥67.00. Ex-date: 30th March 2026 Payment date: 25th June 2026 Dividend yield will be 3.8%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by both earnings (30% earnings payout ratio) and cash flows (87% cash payout ratio). The dividend has increased by an average of 13% 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 8.2% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Dec 05
Now 21% undervalued Over the last 90 days, the stock has risen 9.1% to JP¥3,490. The fair value is estimated to be JP¥4,433, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.9% over the last 3 years. Earnings per share has grown by 24%. For the next 3 years, revenue is forecast to grow by 1.3% per annum. Earnings are also forecast to grow by 0.5% per annum over the same time period. Duyuru • Dec 02
F.C.C. Co., Ltd. to Report Q3, 2026 Results on Feb 04, 2026 F.C.C. Co., Ltd. announced that they will report Q3, 2026 results on Feb 04, 2026 Reported Earnings • Nov 07
Second quarter 2026 earnings released: EPS: JP¥88.49 (vs JP¥63.17 in 2Q 2025) Second quarter 2026 results: EPS: JP¥88.49 (up from JP¥63.17 in 2Q 2025). Revenue: JP¥65.7b (up 3.9% from 2Q 2025). Net income: JP¥4.29b (up 38% from 2Q 2025). Profit margin: 6.5% (up from 4.9% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 2.8% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥62.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 25 November 2025. Payout ratio is a comfortable 23% 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 (3.0%). Price Target Changed • Sep 17
Price target increased by 12% to JP¥2,990 Up from JP¥2,680, the current price target is an average from 5 analysts. New target price is 6.6% below last closing price of JP¥3,200. Stock is up 35% over the past year. The company is forecast to post earnings per share of JP¥323 for next year compared to JP¥324 last year. Duyuru • Sep 02
F.C.C. Co., Ltd. to Report Q2, 2026 Results on Nov 05, 2025 F.C.C. Co., Ltd. announced that they will report Q2, 2026 results on Nov 05, 2025 Reported Earnings • Aug 02
First quarter 2026 earnings released: EPS: JP¥96.63 (vs JP¥92.78 in 1Q 2025) First quarter 2026 results: EPS: JP¥96.63 (up from JP¥92.78 in 1Q 2025). Revenue: JP¥60.7b (down 5.3% from 1Q 2025). Net income: JP¥4.68b (up 1.8% from 1Q 2025). Profit margin: 7.7% (up from 7.2% in 1Q 2025). The increase in margin was driven by lower expenses. Revenue is expected to decline by 1.1% p.a. on average during the next 3 years, while revenues in the Auto Components industry in Japan are expected to grow by 2.6%. Over the last 3 years on average, earnings per share has increased by 25% per year whereas the company’s share price has increased by 27% per year. Declared Dividend • Jul 21
Final dividend of JP¥73.00 announced Shareholders will receive a dividend of JP¥73.00. Ex-date: 29th September 2025 Payment date: 25th November 2025 Dividend yield will be 5.9%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (23% earnings payout ratio) and cash flows (29% cash payout ratio). The dividend has increased by an average of 6.6% 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 decline by 3.8% over the next 3 years. However, it would need to fall by 74% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • Jun 29
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: JP¥324 (up from JP¥246 in FY 2024). Revenue: JP¥256.6b (up 6.8% from FY 2024). Net income: JP¥15.9b (up 30% from FY 2024). Profit margin: 6.2% (up from 5.1% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.0%. Earnings per share (EPS) also surpassed analyst estimates by 17%. Revenue is expected to decline by 2.2% p.a. on average during the next 3 years, while revenues in the Auto Components industry in Japan are expected to grow by 2.7%. Over the last 3 years on average, earnings per share has increased by 25% per year whereas the company’s share price has increased by 29% per year. Duyuru • Jun 04
F.C.C. Co., Ltd. to Report Q1, 2026 Results on Aug 01, 2025 F.C.C. Co., Ltd. announced that they will report Q1, 2026 results on Aug 01, 2025 Reported Earnings • May 10
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: JP¥324 (up from JP¥246 in FY 2024). Revenue: JP¥256.6b (up 6.8% from FY 2024). Net income: JP¥15.9b (up 30% from FY 2024). Profit margin: 6.2% (up from 5.1% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.0%. Earnings per share (EPS) also surpassed analyst estimates by 17%. Revenue is expected to decline by 2.2% p.a. on average during the next 3 years, while revenues in the Auto Components industry in Japan are expected to grow by 2.9%. Over the last 3 years on average, earnings per share has increased by 25% per year whereas the company’s share price has increased by 27% per year. Duyuru • May 09
F.C.C. Co., Ltd., Annual General Meeting, Jun 24, 2025 F.C.C. Co., Ltd., Annual General Meeting, Jun 24, 2025. Buy Or Sell Opportunity • Apr 08
Now 24% overvalued Over the last 90 days, the stock has fallen 13% to JP¥2,789. The fair value is estimated to be JP¥2,248, however this is not to be taken as a sell 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 24%. For the next 3 years, revenue is forecast to decline by 0.4% per annum. Earnings are also forecast to decline by 0.9% per annum over the same time period. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥2,630, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 7x in the Auto Components industry in Japan. Total returns to shareholders of 141% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,241 per share. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥101 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 19 June 2025. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (3.3%). Duyuru • Mar 05
F.C.C. Co., Ltd. to Report Fiscal Year 2025 Results on May 09, 2025 F.C.C. Co., Ltd. announced that they will report fiscal year 2025 results on May 09, 2025 Reported Earnings • Feb 06
Third quarter 2025 earnings released: EPS: JP¥113 (vs JP¥89.58 in 3Q 2024) Third quarter 2025 results: EPS: JP¥113 (up from JP¥89.58 in 3Q 2024). Revenue: JP¥62.4b (up 3.1% from 3Q 2024). Net income: JP¥5.52b (up 24% from 3Q 2024). Profit margin: 8.8% (up from 7.4% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 3.5% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 29% per year. Duyuru • Dec 05
F.C.C. Co., Ltd. to Report Q3, 2025 Results on Feb 05, 2025 F.C.C. Co., Ltd. announced that they will report Q3, 2025 results on Feb 05, 2025 Declared Dividend • Nov 26
First half dividend of JP¥101 announced Shareholders will receive a dividend of JP¥101. Ex-date: 28th March 2025 Payment date: 19th June 2025 Dividend yield will be 6.8%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (16% earnings payout ratio) and cash flows (16% cash payout ratio). The dividend has increased by an average of 6.6% 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 2.0% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥2,741, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 9x in the Auto Components industry in Japan. Total returns to shareholders of 100% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,231 per share. New Risk • Nov 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 Japanese stocks, typically moving 6.7% 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 are forecast to decline by an average of 0.2% per year for the foreseeable future. Minor Risk Share price has been volatile over the past 3 months (6.7% average weekly change). Buy Or Sell Opportunity • Nov 05
Now 27% overvalued after recent price rise Over the last 90 days, the stock has risen 31% to JP¥2,843. The fair value is estimated to be JP¥2,235, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 22%. For the next 3 years, revenue is forecast to grow by 0.2% per annum. Earnings are forecast to decline by 0.2% per annum over the same time period. Reported Earnings • Nov 03
Second quarter 2025 earnings released: EPS: JP¥63.17 (vs JP¥61.84 in 2Q 2024) Second quarter 2025 results: EPS: JP¥63.17 (up from JP¥61.84 in 2Q 2024). Revenue: JP¥63.2b (up 4.4% from 2Q 2024). Net income: JP¥3.11b (up 1.0% from 2Q 2024). Profit margin: 4.9% (down from 5.1% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat 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 22% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Board Change • Sep 24
Less than half of directors are independent Following the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 6 non-independent directors. Independent Outside Director Kunihiro Koshizuka was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥38.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 27 November 2024. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (3.5%). Duyuru • Aug 30
F.C.C. Co., Ltd. to Report Q2, 2025 Results on Nov 01, 2024 F.C.C. Co., Ltd. announced that they will report Q2, 2025 results on Nov 01, 2024 New Risk • Aug 04
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.7% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 04
First quarter 2025 earnings released: EPS: JP¥92.78 (vs JP¥58.32 in 1Q 2024) First quarter 2025 results: EPS: JP¥92.78 (up from JP¥58.32 in 1Q 2024). Revenue: JP¥64.1b (up 14% from 1Q 2024). Net income: JP¥4.60b (up 58% from 1Q 2024). Profit margin: 7.2% (up from 5.1% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat 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 20% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Declared Dividend • Jul 11
Final dividend of JP¥38.00 announced Shareholders will receive a dividend of JP¥38.00. Ex-date: 27th September 2024 Payment date: 27th November 2024 Dividend yield will be 3.4%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (21% earnings payout ratio) and cash flows (14% cash payout ratio). The dividend has increased by an average of 6.6% 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 6.2% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jun 25
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: JP¥246 (up from JP¥192 in FY 2023). Revenue: JP¥240.3b (up 9.7% from FY 2023). Net income: JP¥12.2b (up 28% from FY 2023). Profit margin: 5.1% (up from 4.4% 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 1.1%. Revenue is forecast to stay flat 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 23% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Duyuru • Jun 06
F.C.C. Co., Ltd. to Report Q1, 2025 Results on Aug 02, 2024 F.C.C. Co., Ltd. announced that they will report Q1, 2025 results on Aug 02, 2024 New Risk • Jun 03
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.02% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Reported Earnings • May 12
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: JP¥246 (up from JP¥192 in FY 2023). Revenue: JP¥240.3b (up 9.7% from FY 2023). Net income: JP¥12.2b (up 28% from FY 2023). Profit margin: 5.1% (up from 4.4% 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 1.1%. Revenue is forecast to stay flat during the next 3 years compared to a 3.8% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Duyuru • May 12
F.C.C. Co., Ltd., Annual General Meeting, Jun 18, 2024 F.C.C. Co., Ltd., Annual General Meeting, Jun 18, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 21 June 2024. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.2%). In line with average of industry peers (2.6%). Price Target Changed • Mar 19
Price target increased by 7.7% to JP¥1,988 Up from JP¥1,846, the current price target is an average from 6 analysts. New target price is 9.2% below last closing price of JP¥2,189. Stock is up 49% over the past year. The company is forecast to post earnings per share of JP¥249 for next year compared to JP¥192 last year. Duyuru • Mar 02
F.C.C. Co., Ltd. to Report Fiscal Year 2024 Results on May 10, 2024 F.C.C. Co., Ltd. announced that they will report fiscal year 2024 results on May 10, 2024 Buy Or Sell Opportunity • Feb 06
Now 24% undervalued Over the last 90 days, the stock has risen 16% to JP¥2,077. The fair value is estimated to be JP¥2,722, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 0.3% per annum. Earnings are forecast to decline by 5.4% per annum over the same time period. Reported Earnings • Feb 04
Third quarter 2024 earnings released: EPS: JP¥89.59 (vs JP¥43.52 in 3Q 2023) Third quarter 2024 results: EPS: JP¥89.59 (up from JP¥43.52 in 3Q 2023). Revenue: JP¥60.5b (up 9.7% from 3Q 2023). Net income: JP¥4.46b (up 106% from 3Q 2023). Profit margin: 7.4% (up from 3.9% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat 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 38% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Duyuru • Nov 29
F.C.C. Co., Ltd. to Report Q3, 2024 Results on Feb 02, 2024 F.C.C. Co., Ltd. announced that they will report Q3, 2024 results on Feb 02, 2024 Reported Earnings • Nov 04
Second quarter 2024 earnings: EPS and revenues exceed analyst expectations Second quarter 2024 results: EPS: JP¥61.86 (up from JP¥37.31 in 2Q 2023). Revenue: JP¥60.5b (up 3.1% from 2Q 2023). Net income: JP¥3.08b (up 66% from 2Q 2023). Profit margin: 5.1% (up from 3.2% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.7%. Earnings per share (EPS) also surpassed analyst estimates by 38%. Revenue is forecast to grow 1.4% 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 47% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. New Risk • Sep 26
New major risk - Revenue and earnings growth Earnings have declined by 4.2% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥30.00 per share at 3.0% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 28 November 2023. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (2.5%). Price Target Changed • Sep 13
Price target increased by 11% to JP¥1,946 Up from JP¥1,760, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of JP¥1,964. Stock is up 36% over the past year. The company is forecast to post earnings per share of JP¥227 for next year compared to JP¥192 last year. Duyuru • Sep 02
F.C.C. Co., Ltd. to Report Q2, 2024 Results on Nov 02, 2023 F.C.C. Co., Ltd. announced that they will report Q2, 2024 results on Nov 02, 2023 Duyuru • Aug 10
F.C.C. Co., Ltd. (TSE:7296) acquired Tohoku Chemical Industries Ltd. F.C.C. Co., Ltd. (TSE:7296) acquired Tohoku Chemical Industries Ltd. November 2010.F.C.C. Co., Ltd. (TSE:7296) completed the acquisition of Tohoku Chemical Industries Ltd. November 2010. Reported Earnings • Aug 09
First quarter 2024 earnings released: EPS: JP¥58.32 (vs JP¥30.54 in 1Q 2023) First quarter 2024 results: EPS: JP¥58.32 (up from JP¥30.54 in 1Q 2023). Revenue: JP¥56.4b (up 17% from 1Q 2023). Net income: JP¥2.90b (up 91% from 1Q 2023). Profit margin: 5.1% (up from 3.1% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 4.1% 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 remained flat, which means it is significantly lagging earnings. Duyuru • Jun 28
F.C.C. Co., Ltd. to Report Q1, 2024 Results on Aug 04, 2023 F.C.C. Co., Ltd. announced that they will report Q1, 2024 results on Aug 04, 2023 Reported Earnings • Jun 28
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: JP¥192 (up from JP¥172 in FY 2022). Revenue: JP¥218.9b (up 28% from FY 2022). Net income: JP¥9.57b (up 12% from FY 2022). Profit margin: 4.4% (down from 5.0% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 9.4%. Revenue is forecast to grow 1.4% 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 54% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Price Target Changed • Jun 07
Price target increased by 8.3% to JP¥1,760 Up from JP¥1,625, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of JP¥1,725. Stock is up 23% over the past year. The company is forecast to post earnings per share of JP¥213 for next year compared to JP¥192 last year. Reported Earnings • May 16
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: JP¥192 (up from JP¥172 in FY 2022). Revenue: JP¥218.9b (up 28% from FY 2022). Net income: JP¥9.57b (up 12% from FY 2022). Profit margin: 4.4% (down from 5.0% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 9.4%. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Duyuru • May 14
F.C.C. Co., Ltd., Annual General Meeting, Jun 20, 2023 F.C.C. Co., Ltd., Annual General Meeting, Jun 20, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥26.00 per share at 3.5% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 22 June 2023. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (3.2%). Reported Earnings • Feb 04
Third quarter 2023 earnings: EPS misses analyst expectations Third quarter 2023 results: EPS: JP¥43.52 (up from JP¥34.30 in 3Q 2022). Revenue: JP¥55.2b (up 27% from 3Q 2022). Net income: JP¥2.16b (up 27% from 3Q 2022). Profit margin: 3.9% (in line with 3Q 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 23%. Revenue is forecast to grow 2.2% 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 32% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Duyuru • Dec 04
F.C.C. Co., Ltd. to Report Q3, 2023 Results on Feb 03, 2023 F.C.C. Co., Ltd. announced that they will report Q3, 2023 results on Feb 03, 2023 Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 5 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Outside Director Yoshinori Tsuji was the last independent director to join the board, commencing their role in 2016. 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 06
Second quarter 2023 earnings released: EPS: JP¥37.33 (vs JP¥36.34 in 2Q 2022) Second quarter 2023 results: EPS: JP¥37.33 (up from JP¥36.34 in 2Q 2022). Revenue: JP¥58.7b (up 43% from 2Q 2022). Net income: JP¥1.86b (up 2.8% from 2Q 2022). Profit margin: 3.2% (down from 4.4% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 5.2% 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 fallen by 16% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥26.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 28 November 2022. Payout ratio is a comfortable 33% but the company is paying out more than the cash it is generating. Trailing yield: 3.6%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (3.1%). Reported Earnings • Aug 06
First quarter 2023 earnings released: EPS: JP¥30.54 (vs JP¥47.06 in 1Q 2022) First quarter 2023 results: EPS: JP¥30.54 (down from JP¥47.06 in 1Q 2022). Revenue: JP¥48.4b (up 26% from 1Q 2022). Net income: JP¥1.52b (down 35% from 1Q 2022). Profit margin: 3.1% (down from 6.1% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 7.4%, compared to a 13% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Price Target Changed • May 20
Price target decreased to JP¥1,640 Down from JP¥1,802, the current price target is an average from 5 analysts. New target price is 23% above last closing price of JP¥1,336. Stock is down 23% over the past year. The company is forecast to post earnings per share of JP¥194 for next year compared to JP¥172 last year. Reported Earnings • May 13
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: JP¥172 (up from JP¥89.80 in FY 2021). Revenue: JP¥171.0b (up 17% from FY 2021). Net income: JP¥8.55b (up 92% from FY 2021). Profit margin: 5.0% (up from 3.1% in FY 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.7%. Earnings per share (EPS) also surpassed analyst estimates by 3.6%. Over the next year, revenue is forecast to grow 9.0%, compared to a 11% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 14% per year whereas the company’s share price has fallen by 17% per year. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 4 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Outside Director Yoshinori Tsuji was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥26.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 23 June 2022. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (3.0%). Reported Earnings • Feb 04
Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2022 results: EPS: JP¥34.32 (down from JP¥41.48 in 3Q 2021). Revenue: JP¥43.6b (up 3.5% from 3Q 2021). Net income: JP¥1.71b (down 17% from 3Q 2021). Profit margin: 3.9% (down from 4.9% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) missed analyst estimates by 21%. Over the next year, revenue is forecast to grow 7.4%, compared to a 8.8% growth forecast for the 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 only fallen by 15% per year, which means it has not declined as severely as earnings.