Reported Earnings • Aug 10
First quarter 2027 earnings released: EPS: JP¥35.50 (vs JP¥83.46 in 1Q 2026) First quarter 2027 results: EPS: JP¥35.50 (down from JP¥83.46 in 1Q 2026). Revenue: JP¥4.42b (down 34% from 1Q 2026). Net income: JP¥407.0m (down 58% from 1Q 2026). Profit margin: 9.2% (down from 14% in 1Q 2026). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. New Risk • Aug 10
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.7% Last year net profit margin: 12% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. This is currently the only risk that has been identified for the company. Duyuru • Jun 03
Techno Smart Corp. to Report Q1, 2027 Results on Aug 07, 2026 Techno Smart Corp. announced that they will report Q1, 2027 results on Aug 07, 2026 Reported Earnings • May 18
Full year 2026 earnings released: EPS: JP¥156 (vs JP¥205 in FY 2025) Full year 2026 results: EPS: JP¥156 (down from JP¥205 in FY 2025). Revenue: JP¥20.7b (down 3.9% from FY 2025). Net income: JP¥1.79b (down 25% from FY 2025). Profit margin: 8.6% (down from 11% 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 20% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Duyuru • May 14
Techno Smart Corp., Annual General Meeting, Jun 25, 2026 Techno Smart Corp., Annual General Meeting, Jun 25, 2026. Duyuru • May 10
Techno Smart Corp. to Report Fiscal Year 2026 Results on May 13, 2026 Techno Smart Corp. announced that they will report fiscal year 2026 results on May 13, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥46.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 26 June 2026. Trailing yield: 4.6%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%). Reported Earnings • Feb 07
Third quarter 2026 earnings released: EPS: JP¥30.15 (vs JP¥49.53 in 3Q 2025) Third quarter 2026 results: EPS: JP¥30.15 (down from JP¥49.53 in 3Q 2025). Revenue: JP¥3.59b (down 45% from 3Q 2025). Net income: JP¥345.0m (down 39% from 3Q 2025). Profit margin: 9.6% (in line with 3Q 2025). Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 18% per year. Duyuru • Nov 29
Techno Smart Corp. to Report Q3, 2026 Results on Feb 06, 2026 Techno Smart Corp. announced that they will report Q3, 2026 results on Feb 06, 2026 Reported Earnings • Nov 09
Second quarter 2026 earnings released: EPS: JP¥49.07 (vs JP¥61.13 in 2Q 2025) Second quarter 2026 results: EPS: JP¥49.07 (down from JP¥61.13 in 2Q 2025). Revenue: JP¥5.89b (up 33% from 2Q 2025). Net income: JP¥563.0m (down 20% from 2Q 2025). Profit margin: 9.6% (down from 16% in 2Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 19% per year. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥44.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 05 December 2025. Trailing yield: 4.1%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.0%). Duyuru • Sep 18
Techno Smart Corp. (TSE:6246) announces an Equity Buyback for 50,000 shares, representing 0.44% for ¥99.95 million. Techno Smart Corp. (TSE:6246) announces a share repurchase program. Under the program, the company will repurchase 50,000 shares, representing 0.44% of the outstanding shares for ¥99.95 million. The repurchase price per share is ¥1,999. The purpose of the program is implementation of a flexible capital policy in response to changes in the business environment. As of June 30, 2025, the company had 11,490,655 shares outstanding (excluding treasury stock) and 911,065 shares in treasury. Duyuru • Aug 21
Techno Smart Corp. to Report Q2, 2026 Results on Nov 07, 2025 Techno Smart Corp. announced that they will report Q2, 2026 results on Nov 07, 2025 Reported Earnings • Aug 10
First quarter 2026 earnings released: EPS: JP¥83.46 (vs JP¥23.63 in 1Q 2025) First quarter 2026 results: EPS: JP¥83.46 (up from JP¥23.63 in 1Q 2025). Revenue: JP¥6.65b (up 115% from 1Q 2025). Net income: JP¥959.0m (up 230% from 1Q 2025). Profit margin: 14% (up from 9.4% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 11% per year. Duyuru • May 31
Techno Smart Corp. to Report Q1, 2026 Results on Aug 08, 2025 Techno Smart Corp. announced that they will report Q1, 2026 results on Aug 08, 2025 Reported Earnings • May 19
Full year 2025 earnings released: EPS: JP¥205 (vs JP¥147 in FY 2024) Full year 2025 results: EPS: JP¥205 (up from JP¥147 in FY 2024). Revenue: JP¥21.6b (up 12% from FY 2024). Net income: JP¥2.39b (up 33% from FY 2024). Profit margin: 11% (up from 9.4% 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 10% 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 15
Techno Smart Corp., Annual General Meeting, Jun 25, 2025 Techno Smart Corp., Annual General Meeting, Jun 25, 2025. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥1,394, the stock trades at a trailing P/E ratio of 9.8x. Average trailing P/E is 11x in the Machinery industry in Japan. Total returns to shareholders of 34% over the past three years. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥41.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 26 June 2025. Trailing yield: 4.7%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.1%). Duyuru • Mar 01
Techno Smart Corp. to Report Fiscal Year 2025 Results on May 14, 2025 Techno Smart Corp. announced that they will report fiscal year 2025 results on May 14, 2025 Reported Earnings • Feb 08
Third quarter 2025 earnings released: EPS: JP¥49.53 (vs JP¥51.25 in 3Q 2024) Third quarter 2025 results: EPS: JP¥49.53 (down from JP¥51.25 in 3Q 2024). Revenue: JP¥6.56b (up 16% from 3Q 2024). Net income: JP¥568.0m (down 9.8% from 3Q 2024). Profit margin: 8.7% (down from 11% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 14% per year. Duyuru • Jan 03
Techno Smart Corp. to Report Q3, 2025 Results on Feb 07, 2025 Techno Smart Corp. announced that they will report Q3, 2025 results on Feb 07, 2025 Reported Earnings • Nov 10
Second quarter 2025 earnings released: EPS: JP¥61.13 (vs JP¥63.85 in 2Q 2024) Second quarter 2025 results: EPS: JP¥61.13 (down from JP¥63.85 in 2Q 2024). Revenue: JP¥4.44b (down 18% from 2Q 2024). Net income: JP¥701.0m (down 11% from 2Q 2024). Profit margin: 16% (up from 15% in 2Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥41.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 09 December 2024. Trailing yield: 3.4%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.9%). Buy Or Sell Opportunity • Sep 04
Now 21% undervalued Over the last 90 days, the stock has risen 9.1% to JP¥1,815. The fair value is estimated to be JP¥2,284, 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. Earnings per share has grown by 31%. Duyuru • Aug 28
Techno Smart Corp. to Report Q2, 2025 Results on Nov 08, 2024 Techno Smart Corp. announced that they will report Q2, 2025 results on Nov 08, 2024 Reported Earnings • Aug 14
First quarter 2025 earnings released: EPS: JP¥23.63 (vs JP¥25.38 in 1Q 2024) First quarter 2025 results: EPS: JP¥23.63 (down from JP¥25.38 in 1Q 2024). Revenue: JP¥3.09b (down 27% from 1Q 2024). Net income: JP¥291.0m (down 6.7% from 1Q 2024). Profit margin: 9.4% (up from 7.3% in 1Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Aug 02
Now 21% undervalued The stock has been flat over the last 90 days, currently trading at JP¥1,783. The fair value is estimated to be JP¥2,257, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 38%. Duyuru • Jun 27
Techno Smart Corp. (TSE:6246) announces an Equity Buyback for 850,000 shares, representing 6.9% for ¥1,436.5 million. Techno Smart Corp. (TSE:6246) announces a share repurchase program. Under the program, the company will repurchase 850,000 shares, representing 6.90% of the outstanding shares for ¥1,436.5 million. The repurchase price per share is ¥ 1,690. The purpose of the program is implementation of a flexible capital policy in response to changes in the business environment. As of March 31, 2024, the company had 12,317,455 shares outstanding (excluding treasury stock) and 84,265 shares in treasury. Duyuru • Jun 02
Techno Smart Corp. to Report Q1, 2025 Results on Aug 09, 2024 Techno Smart Corp. announced that they will report Q1, 2025 results on Aug 09, 2024 Reported Earnings • May 21
Full year 2024 earnings released: EPS: JP¥147 (vs JP¥131 in FY 2023) Full year 2024 results: EPS: JP¥147 (up from JP¥131 in FY 2023). Revenue: JP¥19.2b (down 2.2% from FY 2023). Net income: JP¥1.80b (up 12% from FY 2023). Profit margin: 9.4% (up from 8.2% in FY 2023). The increase in margin was driven by lower expenses. 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 9% per year, which means it is significantly lagging earnings growth. Duyuru • May 18
Techno Smart Corp., Annual General Meeting, Jun 25, 2024 Techno Smart Corp., Annual General Meeting, Jun 25, 2024. Duyuru • Mar 24
Techno Smart Corp. to Report Fiscal Year 2024 Results on May 15, 2024 Techno Smart Corp. announced that they will report fiscal year 2024 results on May 15, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥38.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 28 June 2024. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.9%). Reported Earnings • Feb 11
Third quarter 2024 earnings released: EPS: JP¥51.23 (vs JP¥54.17 in 3Q 2023) Third quarter 2024 results: EPS: JP¥51.23 (down from JP¥54.17 in 3Q 2023). Revenue: JP¥5.67b (up 5.1% from 3Q 2023). Net income: JP¥630.0m (down 5.4% from 3Q 2023). Profit margin: 11% (down from 12% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Duyuru • Dec 28
Techno Smart Corp. to Report Q3, 2024 Results on Feb 09, 2024 Techno Smart Corp. announced that they will report Q3, 2024 results on Feb 09, 2024 New Risk • Nov 12
New major risk - Revenue and earnings growth Earnings have declined by 2.1% 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. Reported Earnings • Nov 12
Second quarter 2024 earnings released: EPS: JP¥63.84 (vs JP¥40.02 in 2Q 2023) Second quarter 2024 results: EPS: JP¥63.84 (up from JP¥40.02 in 2Q 2023). Revenue: JP¥5.38b (flat on 2Q 2023). Net income: JP¥785.0m (up 60% from 2Q 2023). Profit margin: 15% (up from 9.2% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥38.00 per share at 1.2% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 08 December 2023. Trailing yield: 1.2%. Lower than top quartile of Japanese dividend payers (3.3%). Lower than average of industry peers (2.1%). Duyuru • Aug 27
Techno Smart Corp. to Report Q2, 2024 Results on Nov 10, 2023 Techno Smart Corp. announced that they will report Q2, 2024 results on Nov 10, 2023 Reported Earnings • Aug 12
First quarter 2024 earnings released: EPS: JP¥25.38 (vs JP¥31.32 in 1Q 2023) First quarter 2024 results: EPS: JP¥25.38 (down from JP¥31.32 in 1Q 2023). Revenue: JP¥4.26b (down 21% from 1Q 2023). Net income: JP¥312.0m (down 19% from 1Q 2023). Profit margin: 7.3% (up from 7.2% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Duyuru • Jun 28
Techno Smart Corp. to Report Q1, 2024 Results on Aug 10, 2023 Techno Smart Corp. announced that they will report Q1, 2024 results on Aug 10, 2023 Reported Earnings • May 16
Full year 2023 earnings released: EPS: JP¥131 (vs JP¥94.17 in FY 2022) Full year 2023 results: EPS: JP¥131 (up from JP¥94.17 in FY 2022). Revenue: JP¥19.7b (up 16% from FY 2022). Net income: JP¥1.61b (up 38% from FY 2022). Profit margin: 8.2% (up from 6.9% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to JP¥1,616, the stock trades at a trailing P/E ratio of 9.2x. Average trailing P/E is 11x in the Machinery industry in Japan. Total returns to shareholders of 144% over the past three years. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥20.00 per share at 1.5% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 27 June 2023. Trailing yield: 1.5%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (2.4%). Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: JP¥54.16 (vs JP¥28.32 in 3Q 2022) Third quarter 2023 results: EPS: JP¥54.16 (up from JP¥28.32 in 3Q 2022). Revenue: JP¥5.40b (up 10% from 3Q 2022). Net income: JP¥666.0m (up 90% from 3Q 2022). Profit margin: 12% (up from 7.2% in 3Q 2022). 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 14% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Jan 07
Techno Smart Corp. to Report Q3, 2023 Results on Feb 10, 2023 Techno Smart Corp. announced that they will report Q3, 2023 results on Feb 10, 2023 Board Change • Nov 16
No independent directors 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. 1 highly experienced director. No independent directors (3 non-independent directors). MD, Technology, Manufacturing, Materials, Management Supervisor & Shiga Office Manager & Director Yoko Iida was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Nov 13
Second quarter 2023 earnings released: EPS: JP¥40.01 (vs JP¥14.77 in 2Q 2022) Second quarter 2023 results: EPS: JP¥40.01 (up from JP¥14.77 in 2Q 2022). Revenue: JP¥5.34b (up 38% from 2Q 2022). Net income: JP¥492.0m (up 169% from 2Q 2022). Profit margin: 9.2% (up from 4.7% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Duyuru • Sep 28
Techno Smart Corp. to Report Q2, 2023 Results on Nov 11, 2022 Techno Smart Corp. announced that they will report Q2, 2023 results on Nov 11, 2022 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥19.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 09 December 2022. Trailing yield: 1.6%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (2.4%). Reported Earnings • Aug 12
First quarter 2023 earnings released: EPS: JP¥31.31 (vs JP¥1.13 in 1Q 2022) First quarter 2023 results: EPS: JP¥31.31 (up from JP¥1.13 in 1Q 2022). Revenue: JP¥5.38b (up 217% from 1Q 2022). Net income: JP¥385.0m (up JP¥371.0m from 1Q 2022). Profit margin: 7.2% (up from 0.8% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings. Duyuru • Jun 03
Techno Smart Corp. to Report Q1, 2023 Results on Aug 10, 2022 Techno Smart Corp. announced that they will report Q1, 2023 results on Aug 10, 2022 Duyuru • May 18
Techno Smart Corp., Annual General Meeting, Jun 24, 2022 Techno Smart Corp., Annual General Meeting, Jun 24, 2022. Reported Earnings • May 16
Full year 2022 earnings released: EPS: JP¥94.16 (vs JP¥46.47 in FY 2021) Full year 2022 results: EPS: JP¥94.16 (up from JP¥46.47 in FY 2021). Revenue: JP¥16.9b (up 110% from FY 2021). Net income: JP¥1.16b (up 102% from FY 2021). Profit margin: 6.9% (down from 7.1% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings. Board Change • Apr 27
No independent directors 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. No highly experienced directors. No independent directors (3 non-independent directors). MD, Technology, Manufacturing, Materials, Management Supervisor & Shiga Office Manager & Director Yoko Iida was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Duyuru • Apr 08
Techno Smart Corp. to Report Fiscal Year 2022 Results on May 13, 2022 Techno Smart Corp. announced that they will report fiscal year 2022 results on May 13, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 25 June 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.6%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (2.0%). Reported Earnings • Feb 12
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥28.31 (up from JP¥11.13 in 3Q 2021). Revenue: JP¥4.89b (up 188% from 3Q 2021). Net income: JP¥350.0m (up 154% from 3Q 2021). Profit margin: 7.2% (down from 8.1% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Duyuru • Dec 18
Techno Smart Corp. (TSE:6246) announces an Equity Buyback for 110,000 shares, representing 0.89% for ¥151.69 million. Techno Smart Corp. (TSE:6246) announces a share repurchase program. Under the program, the company will repurchase 110,000 shares, representing 0.89% of the outstanding shares for ¥151.69 million. The purpose of the program is to improve shareholder returns, enhance capital efficiency and enable the implementation of a flexible capital policy in response to changes in the business environment. The program will run until December 17, 2021. As of September 30, 2021, the company had 12,394,972 shares outstanding and 6,748 shares in treasury. Valuation Update With 7 Day Price Move • Nov 19
Investor sentiment deteriorated over the past week After last week's 17% share price decline to JP¥1,450, the stock trades at a trailing P/E ratio of 34.2x. Average trailing P/E is 13x in the Machinery industry in Japan. Total returns to shareholders of 70% over the past three years. Reported Earnings • Nov 15
Second quarter 2022 earnings released: EPS JP¥14.76 (vs JP¥10.97 in 2Q 2021) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2022 results: Revenue: JP¥3.86b (up 117% from 2Q 2021). Net income: JP¥183.0m (up 35% from 2Q 2021). Profit margin: 4.7% (down from 7.6% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Oct 20
Investor sentiment improved over the past week After last week's 17% share price gain to JP¥1,615, the stock trades at a trailing P/E ratio of 41.8x. Average trailing P/E is 14x in the Machinery industry in Japan. Total returns to shareholders of 123% over the past three years. Upcoming Dividend • Sep 22
Inaugural dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 10 December 2021. The company last paid an ordinary dividend in May 2012. The average dividend yield among industry peers is 1.4%. Reported Earnings • Aug 13
First quarter 2022 earnings released: EPS JP¥1.13 (vs JP¥9.68 in 1Q 2021) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥1.70b (down 24% from 1Q 2021). Net income: JP¥14.0m (down 88% from 1Q 2021). Profit margin: 0.8% (down from 5.4% in 1Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Reported Earnings • May 18
Full year 2021 earnings released: EPS JP¥46.47 (vs JP¥164 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥8.07b (down 52% from FY 2020). Net income: JP¥576.0m (down 72% from FY 2020). Profit margin: 7.1% (down from 12% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 2% per year. Upcoming Dividend • Mar 23
Inaugural dividend of JP¥4.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 26 June 2021. The company last paid an ordinary dividend in May 2012. The average dividend yield among industry peers is 1.1%. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improved over the past week After last week's 17% share price gain to JP¥1,493, the stock trades at a trailing P/E ratio of 51.5x. Average trailing P/E is 17x in the Machinery industry in Japan. Total returns to shareholders of 42% over the past three years. Valuation Update With 7 Day Price Move • Mar 05
Investor sentiment improved over the past week After last week's 21% share price gain to JP¥1,277, the stock is trading at a trailing P/E ratio of 44.1x, up from the previous P/E ratio of 36.5x. This compares to an average P/E of 17x in the Machinery industry in Japan. Total returns to shareholders over the past three years are 13%. Is New 90 Day High Low • Mar 05
New 90-day high: JP¥1,277 The company is up 23% from its price of JP¥1,040 on 04 December 2020. The Japanese market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 6.0% over the same period. Reported Earnings • Feb 14
Third quarter 2021 earnings released: EPS JP¥11.13 (vs JP¥30.82 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥1.70b (down 50% from 3Q 2020). Net income: JP¥138.0m (down 64% from 3Q 2020). Profit margin: 8.1% (down from 11% 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 4% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment deteriorated over the past week After last week's 18% share price decline to JP¥991, the stock is trading at a trailing P/E ratio of 20.4x, down from the previous P/E ratio of 24.9x. This compares to an average P/E of 15x in the Machinery industry in Japan. Total return to shareholders over the past three years is a loss of 26%. Is New 90 Day High Low • Dec 04
New 90-day high: JP¥1,040 The company is up 28% from its price of JP¥814 on 04 September 2020. The Japanese market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 18% over the same period. Duyuru • Oct 11
Techno Smart Corp. to Report Q2, 2021 Results on Nov 13, 2020 Techno Smart Corp. announced that they will report Q2, 2021 results on Nov 13, 2020