Duyuru • Aug 08
Miyaji Engineering Group,Inc. (TSE:3431) announces an Equity Buyback for 400,000 shares, representing 1.45% for ¥633.6 million. Miyaji Engineering Group,Inc. (TSE:3431) announces a share repurchase program. Under the program, the company will repurchase up to 400,000 shares, representing 1.45% of its issued share capital (excluding treasury stock) for ¥633.6 million. The shares will be repurchased at a price of ¥1,584 per share. The purpose of the program is to improve capital efficiency and enable the execution of a flexible capital policy in response to changes in the business environment. The program is valid till August 7, 2026. As of June 30, 2026, the company had 27,677,816 ordinary shares in issue (excluding treasury shares) and 1,158,824 ordinary shares in treasury. Declared Dividend • Jul 25
Final dividend of JP¥27.00 announced Shareholders will receive a dividend of JP¥27.00. Ex-date: 29th September 2026 Payment date: 2nd December 2026 Dividend yield will be 5.3%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by both earnings (79% earnings payout ratio) and cash flows (30% cash payout ratio). The dividend has increased by an average of 31% 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 12% to shift the payout ratio to a potentially unsustainable range, which is more than the 2.5% EPS decline seen over the last 5 years. Reported Earnings • May 18
Full year 2026 earnings released: EPS: JP¥123 (vs JP¥182 in FY 2025) Full year 2026 results: EPS: JP¥123 (down from JP¥182 in FY 2025). Revenue: JP¥56.7b (down 24% from FY 2025). Net income: JP¥3.26b (down 33% from FY 2025). Profit margin: 5.8% (down from 6.5% in FY 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • May 14
Miyaji Engineering Group,Inc., Annual General Meeting, Jun 26, 2026 Miyaji Engineering Group,Inc., Annual General Meeting, Jun 26, 2026. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥55.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 30 June 2026. Payout ratio is a comfortable 72% but the company is not cash flow positive. Trailing yield: 5.7%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.4%). Buy Or Sell Opportunity • Mar 05
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 4.5% to JP¥1,850. The fair value is estimated to be JP¥1,518, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.3% over the last 3 years. Earnings per share has grown by 13%. Reported Earnings • Feb 11
Third quarter 2026 earnings released: EPS: JP¥23.46 (vs JP¥55.17 in 3Q 2025) Third quarter 2026 results: EPS: JP¥23.46 (down from JP¥55.17 in 3Q 2025). Revenue: JP¥12.6b (down 29% from 3Q 2025). Net income: JP¥622.0m (down 57% from 3Q 2025). Profit margin: 4.9% (down from 8.2% in 3Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Dec 03
First half dividend of JP¥55.00 announced Dividend of JP¥55.00 is the same as last year. Ex-date: 30th March 2026 Payment date: 30th June 2026 Dividend yield will be 5.4%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by earnings (33% 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 35% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 6.1% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 14
Second quarter 2026 earnings released: EPS: JP¥33.11 (vs JP¥57.42 in 2Q 2025) Second quarter 2026 results: EPS: JP¥33.11 (down from JP¥57.42 in 2Q 2025). Revenue: JP¥13.6b (down 34% from 2Q 2025). Net income: JP¥878.0m (down 43% from 2Q 2025). Profit margin: 6.5% (down from 7.5% in 2Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Sep 27
Miyaji Engineering Group,Inc. to Report Q2, 2026 Results on Nov 11, 2025 Miyaji Engineering Group,Inc. announced that they will report Q2, 2026 results on Nov 11, 2025 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥42.50 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 03 December 2025. Payout ratio is a comfortable 51% but the company is not cash flow positive. Trailing yield: 4.7%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.8%). Reported Earnings • Aug 08
First quarter 2026 earnings released: EPS: JP¥34.81 (vs JP¥26.53 in 1Q 2025) First quarter 2026 results: EPS: JP¥34.81 (up from JP¥26.53 in 1Q 2025). Revenue: JP¥14.7b (down 6.1% from 1Q 2025). Net income: JP¥923.0m (up 28% from 1Q 2025). Profit margin: 6.3% (up from 4.6% in 1Q 2025). The increase in margin was driven by lower expenses. 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 34% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Jul 09
Final dividend of JP¥42.50 announced Shareholders will receive a dividend of JP¥42.50. Ex-date: 29th September 2025 Payment date: 3rd December 2025 Dividend yield will be 5.2%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by earnings (59% 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 35% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 14% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Duyuru • Jul 06
Miyaji Engineering Group,Inc. to Report Q1, 2026 Results on Aug 07, 2025 Miyaji Engineering Group,Inc. announced that they will report Q1, 2026 results on Aug 07, 2025 Buy Or Sell Opportunity • Jun 06
Now 20% overvalued The stock has been flat over the last 90 days, currently trading at JP¥1,851. The fair value is estimated to be JP¥1,541, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.3% over the last 3 years. Earnings per share has grown by 29%. Reported Earnings • May 19
Full year 2025 earnings released: EPS: JP¥182 (vs JP¥160 in FY 2024) Full year 2025 results: EPS: JP¥182 (up from JP¥160 in FY 2024). Revenue: JP¥74.7b (up 7.7% from FY 2024). Net income: JP¥4.86b (up 12% from FY 2024). Profit margin: 6.5% (up from 6.3% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • May 14
Miyaji Engineering Group,Inc., Annual General Meeting, Jun 27, 2025 Miyaji Engineering Group,Inc., Annual General Meeting, Jun 27, 2025. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥55.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 30 June 2025. Payout ratio is a comfortable 59% but the company is not cash flow positive. Trailing yield: 5.2%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (3.3%). Buy Or Sell Opportunity • Mar 06
Now 20% overvalued Over the last 90 days, the stock has fallen 4.6% to JP¥1,860. The fair value is estimated to be JP¥1,548, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.9% over the last 3 years. Earnings per share has grown by 10%. Duyuru • Feb 28
Miyaji Engineering Group,Inc. to Report Fiscal Year 2025 Results on May 14, 2025 Miyaji Engineering Group,Inc. announced that they will report fiscal year 2025 results on May 14, 2025 Reported Earnings • Feb 08
Third quarter 2025 earnings released: EPS: JP¥55.17 (vs JP¥70.73 in 3Q 2024) Third quarter 2025 results: EPS: JP¥55.17 (down from JP¥70.73 in 3Q 2024). Revenue: JP¥17.8b (down 14% from 3Q 2024). Net income: JP¥1.46b (down 24% from 3Q 2024). Profit margin: 8.2% (down from 9.3% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Feb 01
Now 20% overvalued The stock has been flat over the last 90 days, currently trading at JP¥1,962. The fair value is estimated to be JP¥1,634, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.6% over the last 3 years. Earnings per share has grown by 9.8%. Buy Or Sell Opportunity • Dec 30
Now 20% overvalued Over the last 90 days, the stock has fallen 4.1% to JP¥2,005. The fair value is estimated to be JP¥1,666, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.6% over the last 3 years. Earnings per share has grown by 9.8%. Declared Dividend • Dec 04
First half dividend of JP¥55.00 announced Shareholders will receive a dividend of JP¥55.00. Ex-date: 28th March 2025 Payment date: 30th June 2025 Dividend yield will be 7.3%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by earnings (54% 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 35% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 6.7% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 10
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: JP¥20.4b (up 28% from 2Q 2024). Net income: JP¥1.54b (up 41% from 2Q 2024). Profit margin: 7.5% (up from 6.8% in 2Q 2024). The increase in margin was driven by higher revenue. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥85.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 04 December 2024. Payout ratio is a comfortable 56% and this is well supported by cash flows. Trailing yield: 4.7%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (3.3%). Reported Earnings • Aug 10
First quarter 2025 earnings released: EPS: JP¥53.05 (vs JP¥50.49 in 1Q 2024) First quarter 2025 results: EPS: JP¥53.05 (up from JP¥50.49 in 1Q 2024). Revenue: JP¥15.7b (flat on 1Q 2024). Net income: JP¥722.0m (up 5.1% from 1Q 2024). Profit margin: 4.6% (up from 4.4% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 47% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Aug 08
Miyaji Engineering Group,Inc. (TSE:3431) announces an Equity Buyback for 350,000 shares, representing 2.57% for ¥1,494.5 million. Miyaji Engineering Group,Inc. (TSE:3431) announces a share repurchase program. Under the program, the company will repurchase up to 350,000 shares, representing 2.57% of its issued share capital (excluding treasury stock), for a total purchase price of ¥1,494.5 million. The shares will be repurchased at a price of ¥4,270 per share. The purpose of the program is to improve capital efficiency and enable the implementation of flexible capital policies in response to changes in the business environment. As of June 30, 2024, the company had 13,609,536 issued shares (excluding treasury stock) and 229,372 treasury shares. New Risk • Aug 05
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 7.7% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.7% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 25% After last week's 25% share price decline to JP¥3,610, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 11x in the Construction industry in Japan. Total returns to shareholders of 222% over the past three years. Declared Dividend • Jul 11
Final dividend of JP¥85.00 announced Shareholders will receive a dividend of JP¥85.00. Ex-date: 27th September 2024 Payment date: 4th December 2024 Dividend yield will be 3.9%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is well covered by both earnings (38% earnings payout ratio) and cash flows (38% cash payout ratio). The dividend has increased by an average of 35% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 3.8% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Board Change • Jul 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 1 highly experienced director. Independent Outside Director Mayumi Hirase was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • May 21
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to JP¥4,595, the stock trades at a trailing P/E ratio of 14.4x. Average trailing P/E is 12x in the Construction industry in Japan. Total returns to shareholders of 377% over the past three years. Reported Earnings • May 19
Full year 2024 earnings released: EPS: JP¥320 (vs JP¥226 in FY 2023) Full year 2024 results: EPS: JP¥320 (up from JP¥226 in FY 2023). Revenue: JP¥69.4b (up 15% from FY 2023). Net income: JP¥4.35b (up 42% from FY 2023). Profit margin: 6.3% (up from 5.1% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 60% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • May 16
Miyaji Engineering Group,Inc., Annual General Meeting, Jun 27, 2024 Miyaji Engineering Group,Inc., Annual General Meeting, Jun 27, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥95.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 22 July 2024. Payout ratio is a comfortable 62% but the company is not cash flow positive. Trailing yield: 4.4%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (2.7%). Reported Earnings • Feb 11
Third quarter 2024 earnings released: EPS: JP¥141 (vs JP¥52.61 in 3Q 2023) Third quarter 2024 results: EPS: JP¥141 (up from JP¥52.61 in 3Q 2023). Revenue: JP¥20.6b (up 30% from 3Q 2023). Net income: JP¥1.93b (up 169% from 3Q 2023). Profit margin: 9.3% (up from 4.5% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 47% per year, which means it is well ahead of earnings. Reported Earnings • Nov 10
Second quarter 2024 earnings released: EPS: JP¥618,750 (vs JP¥96.84 in 2Q 2023) Second quarter 2024 results: EPS: JP¥618,750. Revenue: JP¥16.0b (up 2.8% from 2Q 2023). Net income: JP¥1.09b (down 17% from 2Q 2023). Profit margin: 6.8% (down from 8.5% in 2Q 2023). The decrease in margin was driven by higher expenses. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥100.00 per share at 2.4% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 04 December 2023. Payout ratio is a comfortable 30% but the company is not cash flow positive. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.3%). Lower than average of industry peers (3.0%). Valuation Update With 7 Day Price Move • Aug 16
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to JP¥5,720, the stock trades at a trailing P/E ratio of 12.3x. Average trailing P/E is 12x in the Construction industry in Japan. Total returns to shareholders of 294% over the past three years. New Risk • Aug 11
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 5.4% 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 Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.4% average weekly change). Reported Earnings • Aug 10
First quarter 2024 earnings released: EPS: JP¥101 (vs JP¥87.14 in 1Q 2023) First quarter 2024 results: EPS: JP¥101 (up from JP¥87.14 in 1Q 2023). Revenue: JP¥15.7b (up 27% from 1Q 2023). Net income: JP¥687.0m (up 16% from 1Q 2023). Profit margin: 4.4% (down from 4.8% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 46% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 18
Full year 2023 earnings released: EPS: JP¥452 (vs JP¥501 in FY 2022) Full year 2023 results: EPS: JP¥452 (down from JP¥501 in FY 2022). Revenue: JP¥60.3b (up 3.9% from FY 2022). Net income: JP¥3.08b (down 9.7% from FY 2022). Profit margin: 5.1% (down from 5.9% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥80.00 per share at 3.8% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 29 June 2023. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (3.6%). Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: JP¥105 (vs JP¥157 in 3Q 2022) Third quarter 2023 results: EPS: JP¥105 (down from JP¥157 in 3Q 2022). Revenue: JP¥15.9b (down 3.6% from 3Q 2022). Net income: JP¥716.0m (down 33% from 3Q 2022). Profit margin: 4.5% (down from 6.5% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Dec 23
Miyaji Engineering Group,Inc. to Report Q3, 2023 Results on Feb 08, 2023 Miyaji Engineering Group,Inc. announced that they will report Q3, 2023 results on Feb 08, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: JP¥194 (vs JP¥127 in 2Q 2022) Second quarter 2023 results: EPS: JP¥194 (up from JP¥127 in 2Q 2022). Revenue: JP¥15.6b (up 15% from 2Q 2022). Net income: JP¥1.32b (up 53% from 2Q 2022). Profit margin: 8.5% (up from 6.3% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 11
Second quarter 2023 earnings released: EPS: JP¥194 (vs JP¥127 in 2Q 2022) Second quarter 2023 results: EPS: JP¥194 (up from JP¥127 in 2Q 2022). Revenue: JP¥15.6b (up 15% from 2Q 2022). Net income: JP¥1.32b (up 53% from 2Q 2022). Profit margin: 8.5% (up from 6.3% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Sep 24
Miyaji Engineering Group,Inc. to Report Q2, 2023 Results on Nov 09, 2022 Miyaji Engineering Group,Inc. announced that they will report Q2, 2023 results on Nov 09, 2022 Reported Earnings • Aug 11
First quarter 2023 earnings released: EPS: JP¥87.14 (vs JP¥99.49 in 1Q 2022) First quarter 2023 results: EPS: JP¥87.14 (down from JP¥99.49 in 1Q 2022). Revenue: JP¥12.4b (down 2.8% from 1Q 2022). Net income: JP¥593.0m (down 12% from 1Q 2022). Profit margin: 4.8% (down from 5.3% in 1Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Jun 24
Miyaji Engineering Group,Inc. to Report Q1, 2023 Results on Aug 05, 2022 Miyaji Engineering Group,Inc. announced that they will report Q1, 2023 results on Aug 05, 2022 Duyuru • May 18
Miyaji Engineering Group,Inc., Annual General Meeting, Jun 28, 2022 Miyaji Engineering Group,Inc., Annual General Meeting, Jun 28, 2022. Agenda: General meeting of shareholders. Reported Earnings • May 16
Full year 2022 earnings released: EPS: JP¥500 (vs JP¥560 in FY 2021) Full year 2022 results: EPS: JP¥500 (down from JP¥560 in FY 2021). Revenue: JP¥58.0b (up 4.9% from FY 2021). Net income: JP¥3.41b (down 11% from FY 2021). Profit margin: 5.9% (down from 6.9% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Outside Director Masato Tsujikawa was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Apr 07
Miyaji Engineering Group,Inc. to Report Fiscal Year 2022 Results on May 13, 2022 Miyaji Engineering Group,Inc. announced that they will report fiscal year 2022 results on May 13, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥140 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 28 June 2022. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (3.1%). Reported Earnings • Feb 09
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥157 (up from JP¥56.72 in 3Q 2021). Revenue: JP¥16.5b (up 29% from 3Q 2021). Net income: JP¥1.07b (up 176% from 3Q 2021). Profit margin: 6.5% (up from 3.0% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 07
Second quarter 2022 earnings released: EPS JP¥127 (vs JP¥196 in 2Q 2021) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥13.6b (down 4.2% from 2Q 2021). Net income: JP¥862.0m (down 36% from 2Q 2021). Profit margin: 6.3% (down from 9.4% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 6% per year. Reported Earnings • Aug 06
First quarter 2022 earnings released: EPS JP¥99.48 (vs JP¥113 in 1Q 2021) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥12.7b (down 8.0% from 1Q 2021). Net income: JP¥677.0m (down 12% from 1Q 2021). Profit margin: 5.3% (down from 5.6% in 1Q 2021). The decrease in margin was driven by lower revenue. 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 1% per year, which means it is significantly lagging earnings. Reported Earnings • May 20
Full year 2021 earnings released: EPS JP¥560 (vs JP¥384 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¥55.3b (down 13% from FY 2020). Net income: JP¥3.81b (up 46% from FY 2020). Profit margin: 6.9% (up from 4.1% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥80.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 26 June 2021. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (2.7%). In line with average of industry peers (2.6%). Duyuru • Mar 20
Miyaji Engineering Group,Inc. to Report Fiscal Year 2021 Results on May 14, 2021 Miyaji Engineering Group,Inc. announced that they will report fiscal year 2021 results on May 14, 2021 Reported Earnings • Feb 08
Third quarter 2021 earnings released: EPS JP¥56.71 (vs JP¥121 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥12.7b (down 23% from 3Q 2020). Net income: JP¥386.0m (down 53% from 3Q 2020). Profit margin: 3.0% (down from 5.0% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Duyuru • Dec 13
Miyaji Engineering Group,Inc. to Report Q3, 2021 Results on Feb 05, 2021 Miyaji Engineering Group,Inc. announced that they will report Q3, 2021 results on Feb 05, 2021 Is New 90 Day High Low • Dec 01
New 90-day high: JP¥2,270 The company is up 40% from its price of JP¥1,624 on 02 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is flat over the same period. Duyuru • Oct 04
Miyaji Engineering Group,Inc. to Report Q2, 2021 Results on Nov 06, 2020 Miyaji Engineering Group,Inc. announced that they will report Q2, 2021 results on Nov 06, 2020 
