New Risk • Jun 19
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥16.1b (US$99.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 51% per year over the past 5 years. Minor Risks Paying a dividend despite being loss-making. Market cap is less than US$100m (JP¥16.1b market cap, or US$99.8m). Duyuru • Jun 03
Nihon Flush Co., Ltd. to Report Q1, 2027 Results on Aug 10, 2026 Nihon Flush Co., Ltd. announced that they will report Q1, 2027 results on Aug 10, 2026 Reported Earnings • May 20
Full year 2026 earnings released: EPS: JP¥62.18 (vs JP¥123 loss in FY 2025) Full year 2026 results: EPS: JP¥62.18 (up from JP¥123 loss in FY 2025). Revenue: JP¥23.5b (down 2.2% from FY 2025). Net income: JP¥1.42b (up JP¥4.21b from FY 2025). Profit margin: 6.0% (up from net loss in FY 2025). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance. Duyuru • May 15
Nihon Flush Co., Ltd., Annual General Meeting, Jun 26, 2026 Nihon Flush Co., Ltd., Annual General Meeting, Jun 26, 2026. Duyuru • May 10
Nihon Flush Co., Ltd. to Report Fiscal Year 2026 Results on May 15, 2026 Nihon Flush Co., Ltd. announced that they will report fiscal year 2026 results on May 15, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥18.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 05 June 2026. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 4.5%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.3%). Reported Earnings • Feb 16
Third quarter 2026 earnings released: EPS: JP¥37.92 (vs JP¥21.71 in 3Q 2025) Third quarter 2026 results: EPS: JP¥37.92 (up from JP¥21.71 in 3Q 2025). Revenue: JP¥7.20b (down 2.4% from 3Q 2025). Net income: JP¥863.0m (up 75% from 3Q 2025). Profit margin: 12% (up from 6.7% in 3Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance. Duyuru • Dec 01
Nihon Flush Co., Ltd. to Report Q3, 2026 Results on Feb 13, 2026 Nihon Flush Co., Ltd. announced that they will report Q3, 2026 results on Feb 13, 2026 Declared Dividend • Nov 26
First half dividend of JP¥18.00 announced Dividend of JP¥18.00 is the same as last year. Ex-date: 30th March 2026 Payment date: 5th June 2026 Dividend yield will be 4.2%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. The dividend is also not covered by cash flows (226% cash payout ratio). The dividend has increased by an average of 9.1% 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. New Risk • Nov 21
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. Cash payout ratio: 226% Dividend yield: 4.2% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 226% Earnings have declined by 47% per year over the past 5 years. Reported Earnings • Nov 18
Second quarter 2026 earnings released: EPS: JP¥13.70 (vs JP¥5.23 in 2Q 2025) Second quarter 2026 results: EPS: JP¥13.70 (up from JP¥5.23 in 2Q 2025). Revenue: JP¥6.19b (down 1.6% from 2Q 2025). Net income: JP¥311.8m (up 162% from 2Q 2025). Profit margin: 5.0% (up from 1.9% in 2Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥18.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 25 November 2025. The company is not currently making a profit but it is cash flow positive. Trailing yield: 4.4%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.6%). Duyuru • Sep 01
Nihon Flush Co., Ltd. to Report Q2, 2026 Results on Nov 14, 2025 Nihon Flush Co., Ltd. announced that they will report Q2, 2026 results on Nov 14, 2025 Reported Earnings • Aug 10
First quarter 2026 earnings released: EPS: JP¥1.10 (vs JP¥5.98 in 1Q 2025) First quarter 2026 results: EPS: JP¥1.10 (down from JP¥5.98 in 1Q 2025). Revenue: JP¥4.09b (down 2.2% from 1Q 2025). Net income: JP¥25.0m (down 82% from 1Q 2025). Profit margin: 0.6% (down from 3.3% in 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance. Declared Dividend • Jul 09
Final dividend of JP¥18.00 announced Dividend of JP¥18.00 is the same as last year. Ex-date: 29th September 2025 Payment date: 25th November 2025 Dividend yield will be 4.4%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is not adequately covered by earnings (95% earnings payout ratio). However, it is well covered by cash flows (42% cash payout ratio). The dividend has increased by an average of 9.1% 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. The company's earnings per share (EPS) would need to grow by 6.0% to bring the payout ratio under control. However, EPS has declined by 31% over the last 5 years so the company would need to reverse this trend. Reported Earnings • Jun 25
Full year 2025 earnings released: JP¥123 loss per share (vs JP¥56.03 profit in FY 2024) Full year 2025 results: JP¥123 loss per share (down from JP¥56.03 profit in FY 2024). Revenue: JP¥24.0b (down 7.4% from FY 2024). Net loss: JP¥2.79b (down 310% from profit in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance. Duyuru • May 31
Nihon Flush Co., Ltd. to Report Q1, 2026 Results on Aug 08, 2025 Nihon Flush Co., Ltd. announced that they will report Q1, 2026 results on Aug 08, 2025 Reported Earnings • May 21
Full year 2025 earnings released: JP¥123 loss per share (vs JP¥56.03 profit in FY 2024) Full year 2025 results: JP¥123 loss per share (down from JP¥56.03 profit in FY 2024). Revenue: JP¥24.0b (down 7.4% from FY 2024). Net loss: JP¥2.79b (down 310% from profit in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance. Duyuru • May 15
Nihon Flush Co., Ltd., Annual General Meeting, Jun 20, 2025 Nihon Flush Co., Ltd., Annual General Meeting, Jun 20, 2025. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥18.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 06 June 2025. Payout ratio is on the higher end at 95%, however this is supported by cash flows. Trailing yield: 4.4%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.4%). Duyuru • Mar 06
Nihon Flush Co., Ltd. to Report Fiscal Year 2025 Results on May 15, 2025 Nihon Flush Co., Ltd. announced that they will report fiscal year 2025 results on May 15, 2025 New Risk • Feb 16
New minor risk - Dividend sustainability The dividend is not well covered by earnings. Payout ratio: 95% Dividend yield: 4.5% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 21% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (95% payout ratio). Profit margins are more than 30% lower than last year (3.5% net profit margin). Reported Earnings • Feb 12
Third quarter 2025 earnings released: EPS: JP¥21.71 (vs JP¥25.54 in 3Q 2024) Third quarter 2025 results: EPS: JP¥21.71 (down from JP¥25.54 in 3Q 2024). Revenue: JP¥7.37b (down 3.0% from 3Q 2024). Net income: JP¥494.0m (down 15% from 3Q 2024). Profit margin: 6.7% (down from 7.6% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Duyuru • Dec 03
Nihon Flush Co., Ltd. to Report Q3, 2025 Results on Feb 10, 2025 Nihon Flush Co., Ltd. announced that they will report Q3, 2025 results on Feb 10, 2025 New Risk • Nov 24
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: 3.8% Last year net profit margin: 6.7% 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: Major Risk Earnings have declined by 17% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (3.8% net profit margin). Buy Or Sell Opportunity • Oct 10
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.7% to JP¥908. The fair value is estimated to be JP¥1,135, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.3% over the last 3 years. Earnings per share has declined by 37%. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥18.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 27 November 2024. Payout ratio is a comfortable 61% and this is well supported by cash flows. Trailing yield: 4.1%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.5%). Buy Or Sell Opportunity • Sep 04
Now 22% undervalued The stock has been flat over the last 90 days, currently trading at JP¥900. The fair value is estimated to be JP¥1,147, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.3% over the last 3 years. Earnings per share has declined by 37%. Duyuru • Aug 27
Nihon Flush Co., Ltd. to Report Q2, 2025 Results on Nov 14, 2024 Nihon Flush Co., Ltd. announced that they will report Q2, 2025 results on Nov 14, 2024 Reported Earnings • Aug 14
First quarter 2025 earnings released: EPS: JP¥5.98 (vs JP¥3.63 in 1Q 2024) First quarter 2025 results: EPS: JP¥5.98 (up from JP¥3.63 in 1Q 2024). Revenue: JP¥4.18b (down 1.3% from 1Q 2024). Net income: JP¥136.0m (up 50% from 1Q 2024). Profit margin: 3.3% (up from 2.2% in 1Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Board Change • Jul 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Outside Independent Director Katsuhiro Torii was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jun 26
Full year 2024 earnings released: EPS: JP¥56.03 (vs JP¥75.11 in FY 2023) Full year 2024 results: EPS: JP¥56.03 (down from JP¥75.11 in FY 2023). Revenue: JP¥25.9b (down 5.2% from FY 2023). Net income: JP¥1.33b (down 29% from FY 2023). Profit margin: 5.1% (down from 6.9% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Duyuru • Jun 06
Nihon Flush Co., Ltd. to Report Q1, 2025 Results on Aug 09, 2024 Nihon Flush Co., Ltd. announced that they will report Q1, 2025 results on Aug 09, 2024 Reported Earnings • May 21
Full year 2024 earnings released: EPS: JP¥56.03 (vs JP¥75.11 in FY 2023) Full year 2024 results: EPS: JP¥56.03 (down from JP¥75.11 in FY 2023). Revenue: JP¥25.9b (down 5.2% from FY 2023). Net income: JP¥1.33b (down 29% from FY 2023). Profit margin: 5.1% (down from 6.9% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Duyuru • May 17
Nihon Flush Co., Ltd., Annual General Meeting, Jun 21, 2024 Nihon Flush Co., Ltd., Annual General Meeting, Jun 21, 2024. Duyuru • Mar 28
Nihon Flush Co., Ltd. to Report Fiscal Year 2024 Results on May 15, 2024 Nihon Flush Co., Ltd. announced that they will report fiscal year 2024 results on May 15, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥18.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 05 June 2024. Payout ratio is on the higher end at 80%, however this is supported by cash flows. Trailing yield: 3.7%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (2.1%). Reported Earnings • Feb 15
Third quarter 2024 earnings released: EPS: JP¥25.54 (vs JP¥30.73 in 3Q 2023) Third quarter 2024 results: EPS: JP¥25.54 (down from JP¥30.73 in 3Q 2023). Revenue: JP¥7.60b (down 12% from 3Q 2023). Net income: JP¥581.0m (down 25% from 3Q 2023). Profit margin: 7.6% (down from 9.0% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 26% 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 • Jan 20
Nihon Flush Co., Ltd. to Report Q3, 2024 Results on Feb 13, 2024 Nihon Flush Co., Ltd. announced that they will report Q3, 2024 results on Feb 13, 2024 New Risk • Nov 16
New major risk - Revenue and earnings growth Earnings have declined by 0.9% 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. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.9% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (6.7% net profit margin). Reported Earnings • Nov 16
Second quarter 2024 earnings released: EPS: JP¥22.51 (vs JP¥19.76 in 2Q 2023) Second quarter 2024 results: EPS: JP¥22.51 (up from JP¥19.76 in 2Q 2023). Revenue: JP¥7.35b (up 5.5% from 2Q 2023). Net income: JP¥547.0m (up 11% from 2Q 2023). Profit margin: 7.4% (up from 7.1% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Duyuru • Oct 05
Nihon Flush Co., Ltd. to Report Q2, 2024 Results on Nov 13, 2023 Nihon Flush Co., Ltd. announced that they will report Q2, 2024 results on Nov 13, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of JP¥18.00 per share at 4.0% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 28 November 2023. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.9%). Board Change • Sep 19
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Outside Director Shinichi Kakiuchi was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Sep 02
Nihon Flush Co., Ltd. (TSE:7820) announces an Equity Buyback for 2,300,000 shares, for ¥2,083.8 million. Nihon Flush Co., Ltd. (TSE:7820) announces a share repurchase program. Under the program, the company will repurchase up to 2,300,000 shares, representing 9.18% of its issued share capital (excluding treasury stock), for a total purchase price of ¥2,083.80 million. The shares will be repurchased at a price of ¥906 per share. The purpose of the program is to enable flexible execution of capital policy in response to changes in the business environment. As of July 31, 2023, the company has 25,056,758 issued shares (excluding treasury stock) and 3,242 treasury shares. Buying Opportunity • Aug 14
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 16%. The fair value is estimated to be JP¥1,143, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 14%. Reported Earnings • Aug 14
First quarter 2024 earnings released: EPS: JP¥3.63 (vs JP¥8.22 in 1Q 2023) First quarter 2024 results: EPS: JP¥3.63 (down from JP¥8.22 in 1Q 2023). Revenue: JP¥4.23b (down 9.6% from 1Q 2023). Net income: JP¥91.0m (down 56% from 1Q 2023). Profit margin: 2.2% (down from 4.4% in 1Q 2023). The decrease in margin was driven by lower revenue. 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 15% per year. Reported Earnings • Aug 14
First quarter 2024 earnings released: EPS: JP¥3.63 (vs JP¥8.22 in 1Q 2023) First quarter 2024 results: EPS: JP¥3.63 (down from JP¥8.22 in 1Q 2023). Revenue: JP¥4.23b (down 9.6% from 1Q 2023). Net income: JP¥91.0m (down 56% from 1Q 2023). Profit margin: 2.2% (down from 4.4% in 1Q 2023). The decrease in margin was driven by lower revenue. 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 15% per year. Board Change • Aug 04
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Outside Director Shinichi Kakiuchi was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Jun 29
Nihon Flush Co., Ltd. to Report Q1, 2024 Results on Aug 10, 2023 Nihon Flush Co., Ltd. announced that they will report Q1, 2024 results on Aug 10, 2023 Reported Earnings • May 16
Full year 2023 earnings released: EPS: JP¥75.11 (vs JP¥153 in FY 2022) Full year 2023 results: EPS: JP¥75.11 (down from JP¥153 in FY 2022). Revenue: JP¥27.3b (down 17% from FY 2022). Net income: JP¥1.88b (down 51% from FY 2022). Profit margin: 6.9% (down from 12% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 7% per year. Duyuru • May 14
Nihon Flush Co., Ltd., Annual General Meeting, Jun 23, 2023 Nihon Flush Co., Ltd., Annual General Meeting, Jun 23, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥18.00 per share at 3.8% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 06 June 2023. Payout ratio is a comfortable 17% but the company is not cash flow positive. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.9%). Reported Earnings • Feb 15
Third quarter 2023 earnings released: EPS: JP¥30.73 (vs JP¥59.91 in 3Q 2022) Third quarter 2023 results: EPS: JP¥30.73 (down from JP¥59.91 in 3Q 2022). Revenue: JP¥8.60b (down 19% from 3Q 2022). Net income: JP¥770.0m (down 49% from 3Q 2022). Profit margin: 9.0% (down from 14% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 10% per year, which means it is performing significantly worse than earnings. Duyuru • Jan 20
Nihon Flush Co., Ltd. to Report Q3, 2023 Results on Feb 13, 2023 Nihon Flush Co., Ltd. announced that they will report Q3, 2023 results on Feb 13, 2023 Board Change • Nov 16
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. No experienced directors. 1 highly experienced director. President and Representative Director Eiji Takahashi is the most experienced director on the board, commencing their role in 1975. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥18.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 18 November 2022. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.9%). Duyuru • Sep 15
Nihon Flush Co., Ltd. to Report Q2, 2023 Results on Nov 14, 2022 Nihon Flush Co., Ltd. announced that they will report Q2, 2023 results on Nov 14, 2022 Reported Earnings • Aug 07
First quarter 2023 earnings released: EPS: JP¥8.22 (vs JP¥18.20 in 1Q 2022) First quarter 2023 results: EPS: JP¥8.22 (down from JP¥18.20 in 1Q 2022). Revenue: JP¥4.68b (down 9.3% from 1Q 2022). Net income: JP¥206.0m (down 55% from 1Q 2022). Profit margin: 4.4% (down from 8.8% 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 12% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Duyuru • Jun 29
Nihon Flush Co., Ltd. to Report Q1, 2023 Results on Aug 05, 2022 Nihon Flush Co., Ltd. announced that they will report Q1, 2023 results on Aug 05, 2022 Duyuru • May 12
Nihon Flush Co., Ltd., Annual General Meeting, Jun 23, 2022 Nihon Flush Co., Ltd., Annual General Meeting, Jun 23, 2022. Reported Earnings • May 11
Full year 2022 earnings released: EPS: JP¥153 (vs JP¥132 in FY 2021) Full year 2022 results: EPS: JP¥153 (up from JP¥132 in FY 2021). Revenue: JP¥33.1b (up 15% from FY 2021). Net income: JP¥3.84b (up 17% from FY 2021). Profit margin: 12% (in line with FY 2021). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Board Change • Apr 27
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 4 were independent directors. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Outside Director Shinichi Kakiuchi was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Duyuru • Apr 08
Nihon Flush Co., Ltd. to Report Fiscal Year 2022 Results on May 10, 2022 Nihon Flush Co., Ltd. announced that they will report fiscal year 2022 results on May 10, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥16.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 07 June 2022. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.8%). Reported Earnings • Feb 03
Third quarter 2022 earnings: EPS and revenues exceed analyst expectations Third quarter 2022 results: EPS: JP¥59.90 (up from JP¥46.46 in 3Q 2021). Revenue: JP¥10.7b (up 17% from 3Q 2021). Net income: JP¥1.50b (up 29% from 3Q 2021). Profit margin: 14% (up from 13% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) also surpassed analyst estimates by 1.4%. Over the next year, revenue is forecast to grow 6.2%, compared to a 6.0% growth forecast for the 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 only increased by 4% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 15
Second quarter 2022 earnings released: EPS JP¥41.66 (vs JP¥34.16 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥7.81b (up 8.5% from 2Q 2021). Net income: JP¥1.04b (up 22% from 2Q 2021). Profit margin: 13% (up from 12% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥16.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 18 November 2021. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (1.4%). Reported Earnings • Aug 13
First quarter 2022 earnings released: EPS JP¥18.20 (vs JP¥8.50 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥5.16b (up 38% from 1Q 2021). Net income: JP¥456.0m (up 114% from 1Q 2021). Profit margin: 8.8% (up from 5.7% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jun 30
Full year 2021 earnings released: EPS JP¥132 (vs JP¥133 in FY 2020) The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2021 results: Revenue: JP¥28.9b (down 6.9% from FY 2020). Net income: JP¥3.30b (down 1.1% from FY 2020). Profit margin: 11% (in line with FY 2020). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 17
Full year 2021 earnings released: EPS JP¥132 (vs JP¥133 in FY 2020) The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2021 results: Revenue: JP¥28.9b (down 6.9% from FY 2020). Net income: JP¥3.30b (down 1.1% from FY 2020). Profit margin: 11% (in line with FY 2020). 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 7% per year, which means it is significantly lagging earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥14.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 08 June 2021. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.3%). Duyuru • Mar 06
Nihon Flush Co., Ltd. to Report Fiscal Year 2021 Results on May 14, 2021 Nihon Flush Co., Ltd. announced that they will report fiscal year 2021 results on May 14, 2021 Is New 90 Day High Low • Feb 26
New 90-day low: JP¥1,161 The company is down 14% from its price of JP¥1,350 on 27 November 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Building industry, which is down 2.0% over the same period. Reported Earnings • Feb 02
Third quarter 2021 earnings released: EPS JP¥46.45 (vs JP¥48.57 in 3Q 2020) The company reported a poor third quarter result with weaker earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: JP¥9.08b (down 5.1% from 3Q 2020). Net income: JP¥1.16b (down 4.4% from 3Q 2020). Profit margin: 13% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Analyst Estimate Surprise Post Earnings • Feb 02
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 3.2%. Earnings per share (EPS) also surpassed analyst estimates by 108%. Over the next year, revenue is forecast to grow 23%, compared to a 4.1% growth forecast for the Building industry in Japan. Is New 90 Day High Low • Feb 01
New 90-day low: JP¥1,194 The company is down 6.0% from its price of JP¥1,275 on 02 November 2020. The Japanese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Building industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥421 per share. Is New 90 Day High Low • Dec 22
New 90-day low: JP¥1,256 The company is down 10.0% from its price of JP¥1,400 on 23 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Building industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥418 per share. Duyuru • Dec 05
Nihon Flush Co., Ltd. to Report Q3, 2021 Results on Jan 29, 2021 Nihon Flush Co., Ltd. announced that they will report Q3, 2021 results on Jan 29, 2021 Duyuru • Aug 30
Nihon Flush Co., Ltd. to Report Q2, 2021 Results on Oct 30, 2020 Nihon Flush Co., Ltd. announced that they will report Q2, 2021 results on Oct 30, 2020 