Reported Earnings • May 14
First quarter 2026 earnings released: EPS: JP¥14.35 (vs JP¥42.66 in 1Q 2025) First quarter 2026 results: EPS: JP¥14.35 (down from JP¥42.66 in 1Q 2025). Revenue: JP¥3.62b (down 1.1% from 1Q 2025). Net income: JP¥77.0m (down 66% from 1Q 2025). Profit margin: 2.1% (down from 6.3% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has remained flat. Reported Earnings • Mar 21
Full year 2025 earnings released: EPS: JP¥46.58 (vs JP¥85.14 in FY 2024) Full year 2025 results: EPS: JP¥46.58 (down from JP¥85.14 in FY 2024). Revenue: JP¥13.6b (down 1.8% from FY 2024). Net income: JP¥250.0m (down 45% from FY 2024). Profit margin: 1.8% (down from 3.3% in FY 2024). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Duyuru • Mar 19
Fulltech Co.Ltd., Annual General Meeting, Mar 27, 2026 Fulltech Co.Ltd., Annual General Meeting, Mar 27, 2026. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥22.00 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 30 March 2026. Payout ratio is a comfortable 73% but the company is not cash flow positive. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.2%). Duyuru • Dec 03
Fulltech Co.Ltd. to Report Fiscal Year 2025 Results on Feb 13, 2026 Fulltech Co.Ltd. announced that they will report fiscal year 2025 results on Feb 13, 2026 New Risk • Nov 09
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: 2.2% Last year net profit margin: 3.4% 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. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (2.2% net profit margin). Market cap is less than US$100m (JP¥6.40b market cap, or US$41.7m). Duyuru • Sep 02
Fulltech Co.Ltd. to Report Q3, 2026 Results on Nov 07, 2025 Fulltech Co.Ltd. announced that they will report Q3, 2026 results on Nov 07, 2025 Reported Earnings • Aug 08
Second quarter 2025 earnings released: JP¥2.42 loss per share (vs JP¥13.60 profit in 2Q 2024) Second quarter 2025 results: JP¥2.42 loss per share (down from JP¥13.60 profit in 2Q 2024). Revenue: JP¥2.97b (down 1.0% from 2Q 2024). Net loss: JP¥13.0m (down 118% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Upcoming Dividend • Jun 20
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 27 June 2025. Payment date: 03 September 2025. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (4.0%). Lower than average of industry peers (3.5%). Duyuru • May 31
Fulltech Co.Ltd. to Report Q2, 2025 Results on Aug 07, 2025 Fulltech Co.Ltd. announced that they will report Q2, 2025 results on Aug 07, 2025 Reported Earnings • May 11
First quarter 2025 earnings released: EPS: JP¥42.66 (vs JP¥37.63 in 1Q 2024) First quarter 2025 results: EPS: JP¥42.66 (up from JP¥37.63 in 1Q 2024). Revenue: JP¥3.66b (down 6.7% from 1Q 2024). Net income: JP¥229.0m (up 13% from 1Q 2024). Profit margin: 6.3% (up from 5.1% 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 41% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Duyuru • Mar 01
Fulltech Co.Ltd. to Report Q1, 2025 Results on May 09, 2025 Fulltech Co.Ltd. announced that they will report Q1, 2025 results on May 09, 2025 Reported Earnings • Feb 17
Full year 2024 earnings released: EPS: JP¥85.14 (vs JP¥44.53 in FY 2023) Full year 2024 results: EPS: JP¥85.14 (up from JP¥44.53 in FY 2023). Revenue: JP¥13.8b (up 8.0% from FY 2023). Net income: JP¥457.0m (up 91% from FY 2023). Profit margin: 3.3% (up from 1.9% 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 25% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Duyuru • Feb 14
Fulltech Co.Ltd., Annual General Meeting, Mar 27, 2025 Fulltech Co.Ltd., Annual General Meeting, Mar 27, 2025. Upcoming Dividend • Dec 20
Upcoming dividend of JP¥22.00 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 31 March 2025. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (3.4%). Duyuru • Dec 04
Fulltech Co.Ltd. to Report Fiscal Year 2024 Results on Feb 14, 2025 Fulltech Co.Ltd. announced that they will report fiscal year 2024 results on Feb 14, 2025 Duyuru • Aug 27
Fulltech Co.Ltd. to Report Q3, 2024 Results on Nov 14, 2024 Fulltech Co.Ltd. announced that they will report Q3, 2024 results on Nov 14, 2024 Reported Earnings • Aug 13
Second quarter 2024 earnings released: EPS: JP¥13.60 (vs JP¥7.83 in 2Q 2023) Second quarter 2024 results: EPS: JP¥13.60 (up from JP¥7.83 in 2Q 2023). Revenue: JP¥3.00b (up 6.6% from 2Q 2023). Net income: JP¥73.0m (up 74% from 2Q 2023). Profit margin: 2.4% (up from 1.5% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Upcoming Dividend • Jun 20
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 27 June 2024. Payment date: 04 September 2024. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.4%). In line with average of industry peers (2.7%). Duyuru • Jun 06
Fulltech Co.Ltd. to Report Q2, 2024 Results on Aug 08, 2024 Fulltech Co.Ltd. announced that they will report Q2, 2024 results on Aug 08, 2024 Reported Earnings • May 20
First quarter 2024 earnings released: EPS: JP¥37.63 (vs JP¥17.89 in 1Q 2023) First quarter 2024 results: EPS: JP¥37.63 (up from JP¥17.89 in 1Q 2023). Revenue: JP¥3.93b (up 8.1% from 1Q 2023). Net income: JP¥202.0m (up 110% from 1Q 2023). Profit margin: 5.1% (up from 2.6% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year and the company’s share price has also fallen by 7% per year. Duyuru • Feb 24
Fulltech Co.Ltd. to Report Q1, 2025 Results on May 15, 2024 Fulltech Co.Ltd. announced that they will report Q1, 2025 results on May 15, 2024 Reported Earnings • Feb 17
Full year 2023 earnings released: EPS: JP¥44.53 (vs JP¥17.51 in FY 2022) Full year 2023 results: EPS: JP¥44.53 (up from JP¥17.51 in FY 2022). Revenue: JP¥12.8b (up 7.1% from FY 2022). Net income: JP¥239.0m (up 154% from FY 2022). Profit margin: 1.9% (up from 0.8% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 7% per year. Duyuru • Feb 16
Fulltech Co.Ltd., Annual General Meeting, Mar 28, 2024 Fulltech Co.Ltd., Annual General Meeting, Mar 28, 2024. Duyuru • Jan 16
Fulltech Co.Ltd. (TSE:6546) agreed to acquire 98.7% stake in Yis Corporation Co., Ltd. from Shigehiro Yamada and others. Fulltech Co.Ltd. (TSE:6546) agreed to acquire 98.7% stake in Yis Corporation Co., Ltd. from Shigehiro Yamada and others on January 15, 2024. As part of acquisition, 750 shares will be acquired. For period ended September 2023, Yis Corporation reported net worth of ¥129 million, total assets of ¥521 million and sales of ¥763 million. Contract conclusion is scheduled on January 16, 2024. The transaction is expected to complete on January 16, 2024. Board Change • Jan 09
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. 3 independent directors (4 non-independent directors). Outside Independent Director Omachi Masafumi 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 • Dec 21
Upcoming dividend of JP¥21.00 per share at 2.3% yield Eligible shareholders must have bought the stock before 28 December 2023. Payment date: 01 April 2024. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.5%). Lower than average of industry peers (2.9%). Duyuru • Dec 14
Fulltech Co.Ltd. to Report Fiscal Year 2023 Results on Feb 14, 2024 Fulltech Co.Ltd. announced that they will report fiscal year 2023 results on Feb 14, 2024 Reported Earnings • Nov 17
Third quarter 2023 earnings released: EPS: JP¥12.67 (vs JP¥21.61 in 3Q 2022) Third quarter 2023 results: EPS: JP¥12.67 (down from JP¥21.61 in 3Q 2022). Revenue: JP¥2.96b (up 4.5% from 3Q 2022). Net income: JP¥68.0m (down 41% from 3Q 2022). Profit margin: 2.3% (down from 4.1% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Duyuru • Aug 27
Fulltech Co.Ltd. to Report Q3, 2024 Results on Nov 13, 2023 Fulltech Co.Ltd. announced that they will report Q3, 2024 results on Nov 13, 2023 Reported Earnings • Aug 11
Second quarter 2023 earnings released: EPS: JP¥7.83 (vs JP¥5.40 loss in 2Q 2022) Second quarter 2023 results: EPS: JP¥7.83 (up from JP¥5.40 loss in 2Q 2022). Revenue: JP¥2.81b (up 8.0% from 2Q 2022). Net income: JP¥42.0m (up JP¥71.0m from 2Q 2022). Profit margin: 1.5% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Jun 22
Upcoming dividend of JP¥10.00 per share at 2.5% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 05 September 2023. Payout ratio is on the higher end at 81%, and the cash payout ratio is above 100%. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.5%). Lower than average of industry peers (2.9%). Duyuru • May 28
Fulltech Co.Ltd. to Report Q2, 2023 Results on Aug 09, 2023 Fulltech Co.Ltd. announced that they will report Q2, 2023 results on Aug 09, 2023 Reported Earnings • Feb 12
Full year 2022 earnings released: EPS: JP¥17.51 (vs JP¥81.23 in FY 2021) Full year 2022 results: EPS: JP¥17.51 (down from JP¥81.23 in FY 2021). Revenue: JP¥11.9b (up 3.7% from FY 2021). Net income: JP¥94.0m (down 78% from FY 2021). Profit margin: 0.8% (down from 3.8% 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 29% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Duyuru • Feb 12
Fulltech Co.Ltd., Annual General Meeting, Mar 30, 2023 Fulltech Co.Ltd., Annual General Meeting, Mar 30, 2023. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥18.00 per share Eligible shareholders must have bought the stock before 29 December 2022. Payment date: 31 March 2023. Payout ratio is on the higher end at 81% but the company is not cash flow positive. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (3.7%). Duyuru • Dec 15
Fulltech Co.Ltd. to Report Fiscal Year 2022 Results on Feb 10, 2023 Fulltech Co.Ltd. announced that they will report fiscal year 2022 results on Feb 10, 2023 Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 6 non-independent directors. Managing Executive Officer, GM of Sales Division & Director Mitsuhiko Kitami was the last 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. Reported Earnings • Nov 09
Third quarter 2022 earnings released: EPS: JP¥21.61 (vs JP¥23.47 in 3Q 2021) Third quarter 2022 results: EPS: JP¥21.61 (down from JP¥23.47 in 3Q 2021). Revenue: JP¥2.83b (up 6.4% from 3Q 2021). Net income: JP¥116.0m (down 7.9% from 3Q 2021). Profit margin: 4.1% (down from 4.7% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Duyuru • Aug 31
Fulltech Co.Ltd. to Report Q3, 2022 Results on Nov 07, 2022 Fulltech Co.Ltd. announced that they will report Q3, 2022 results on Nov 07, 2022 Reported Earnings • Aug 07
Second quarter 2022 earnings released: JP¥5.40 loss per share (vs JP¥11.92 profit in 2Q 2021) Second quarter 2022 results: JP¥5.40 loss per share (down from JP¥11.92 profit in 2Q 2021). Revenue: JP¥2.60b (up 2.0% from 2Q 2021). Net loss: JP¥29.0m (down 145% from profit in 2Q 2021). Upcoming Dividend • Jun 22
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 29 June 2022. Payment date: 06 September 2022. Payout ratio is a comfortable 68% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (3.8%). Duyuru • May 29
Fulltech Co.Ltd. to Report Q2, 2022 Results on Aug 05, 2022 Fulltech Co.Ltd. announced that they will report Q2, 2022 results on Aug 05, 2022 Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 6 non-independent directors. Managing Executive Officer, GM of Sales Division & Director Mitsuhiko Kitami was the last 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 • Feb 27
Fulltech Co.Ltd. to Report Q1, 2022 Results on May 13, 2022 Fulltech Co.Ltd. announced that they will report Q1, 2022 results on May 13, 2022 Reported Earnings • Feb 13
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: JP¥81.23 (up from JP¥51.61 in FY 2020). Revenue: JP¥11.5b (down 1.4% from FY 2020). Net income: JP¥436.0m (up 57% from FY 2020). Profit margin: 3.8% (up from 2.4% in FY 2020). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 6% per year. Duyuru • Feb 12
Fulltech Co.Ltd., Annual General Meeting, Mar 30, 2022 Fulltech Co.Ltd., Annual General Meeting, Mar 30, 2022. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥18.00 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 31 March 2022. Payout ratio is a comfortable 46% and the cash payout ratio is 99%. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.3%). Lower than average of industry peers (3.7%). Reported Earnings • Nov 07
Third quarter 2021 earnings released: EPS JP¥23.47 (vs JP¥29.99 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥2.66b (down 2.4% from 3Q 2020). Net income: JP¥126.0m (down 22% from 3Q 2020). Profit margin: 4.7% (down from 5.9% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Reported Earnings • Aug 09
Second quarter 2021 earnings released: EPS JP¥11.92 (vs JP¥9.69 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥2.55b (up 5.5% from 2Q 2020). Net income: JP¥64.0m (up 23% from 2Q 2020). Profit margin: 2.5% (up from 2.2% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Upcoming Dividend • Jun 22
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 29 June 2021. Payment date: 07 September 2021. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.1%). Lower than average of industry peers (3.7%). Reported Earnings • May 12
First quarter 2021 earnings released: EPS JP¥26.08 (vs JP¥15.28 in 1Q 2020) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: JP¥3.26b (down 6.1% from 1Q 2020). Net income: JP¥140.0m (up 71% from 1Q 2020). Profit margin: 4.3% (up from 2.4% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Reported Earnings • Apr 05
Full year 2020 earnings released: EPS JP¥51.61 (vs JP¥77.69 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: JP¥11.7b (up 1.8% from FY 2019). Net income: JP¥277.0m (down 34% from FY 2019). Profit margin: 2.4% (down from 3.6% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Duyuru • Mar 03
Fulltech Co.Ltd. to Report Q1, 2021 Results on May 10, 2021 Fulltech Co.Ltd. announced that they will report Q1, 2021 results on May 10, 2021 Reported Earnings • Feb 15
Full year 2020 earnings released: EPS JP¥51.61 (vs JP¥77.69 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: JP¥11.7b (up 1.8% from FY 2019). Net income: JP¥277.0m (down 34% from FY 2019). Profit margin: 2.4% (down from 3.6% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Duyuru • Feb 12
Fulltech Co.Ltd., Annual General Meeting, Mar 30, 2021 Fulltech Co.Ltd., Annual General Meeting, Mar 30, 2021. Is New 90 Day High Low • Jan 08
New 90-day low: JP¥1,355 The company is down 5.0% from its price of JP¥1,420 on 09 October 2020. The Japanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Trade Distributors industry, which is up 9.0% over the same period. Upcoming Dividend • Dec 22
Upcoming Dividend of JP¥15.00 Per Share Will be paid on the 30th of March to those who are registered shareholders by the 29th of December. The trailing yield of 1.8% is below the top quartile of Japanese dividend payers (3.0%), and is lower than industry peers (3.6%). Duyuru • Dec 05
Fulltech Co.Ltd. to Report Fiscal Year 2020 Results on Feb 10, 2021 Fulltech Co.Ltd. announced that they will report fiscal year 2020 results on Feb 10, 2021 Is New 90 Day High Low • Dec 02
New 90-day high: JP¥1,463 The company is up 13% from its price of JP¥1,293 on 03 September 2020. The Japanese market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Trade Distributors industry, which is up 1.0% over the same period. Duyuru • Aug 30
Fulltech Co.Ltd. to Report Q3, 2021 Results on Nov 06, 2020 Fulltech Co.Ltd. announced that they will report Q3, 2021 results on Nov 06, 2020