New Risk • Aug 08
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 2.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 2.3% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.6% average weekly change). Large one-off items impacting financial results. Reported Earnings • Aug 08
First quarter 2027 earnings released: EPS: JP¥76.72 (vs JP¥49.60 in 1Q 2026) First quarter 2027 results: EPS: JP¥76.72 (up from JP¥49.60 in 1Q 2026). Revenue: JP¥27.7b (up 8.5% from 1Q 2026). Net income: JP¥2.76b (up 55% from 1Q 2026). Profit margin: 9.9% (up from 7.0% in 1Q 2026). Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Trade Distributors industry in Japan. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 68% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to JP¥2,985, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 12x in the Trade Distributors industry in Japan. Total returns to shareholders of 430% over the past three years. Declared Dividend • Jul 25
Final dividend of JP¥46.00 announced Shareholders will receive a dividend of JP¥46.00. Ex-date: 29th September 2026 Payment date: 7th December 2026 Dividend yield will be 3.4%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is covered by both earnings (39% earnings payout ratio) and cash flows (77% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 4.2% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Duyuru • Jun 09
Seika Corporation to Report Q1, 2027 Results on Aug 07, 2026 Seika Corporation announced that they will report Q1, 2027 results on Aug 07, 2026 New Risk • May 15
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 2.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 2.1% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.2% average weekly change). Large one-off items impacting financial results. Reported Earnings • May 15
Full year 2026 earnings: EPS exceeds analyst expectations Full year 2026 results: EPS: JP¥208 (down from JP¥217 in FY 2025). Revenue: JP¥108.5b (up 16% from FY 2025). Net income: JP¥7.51b (down 3.7% from FY 2025). Profit margin: 6.9% (down from 8.3% in FY 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 16%. Revenue is forecast to grow 9.6% p.a. on average during the next 2 years, compared to a 4.3% growth forecast for the Trade Distributors industry in Japan. 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 71% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • May 14
Seika Corporation (TSE:8061) announces an Equity Buyback for 1,050,000 shares, representing 2.89% for ¥3,000 million. Seika Corporation (TSE:8061) announces a share repurchase program. Under the program, the company will repurchase up to 1,050,000 common shares, representing 2.89% of its issued share capital (excluding treasury stock), for ¥3,000 million. The purpose of the program is to improve the efficiency of its capital while also allowing it to implement a capital policy that can respond dynamically to changes in the business environment. The program will run until August 31, 2026. As of March 31, 2026, the company had 36,312,473 shares in issue (excluding treasury stock) and 649,477 shares in treasury. Duyuru • May 13
Seika Corporation, Annual General Meeting, Jun 24, 2026 Seika Corporation, Annual General Meeting, Jun 24, 2026. Duyuru • Apr 18
Seika Corporation to Report Fiscal Year 2026 Results on May 13, 2026 Seika Corporation announced that they will report fiscal year 2026 results on May 13, 2026 New Risk • Mar 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.7% average weekly change). Large one-off items impacting financial results. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥45.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 25 June 2026. Payout ratio is a comfortable 45% and the cash payout ratio is 78%. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.1%). Duyuru • Mar 14
Seika Corporation Announces Board Changes Seika Corporation announced the following changes, with the decision at the meeting of the Board of Directors held on March 12, 2026. Directors Retirements: Hirohisa Masuda, Director Assigned to the President; Position after the Annual General Meeting: Executive Partner; Kiyomi Miyata, Outside Director. Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥2,413, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 13x in the Trade Distributors industry in Japan. Total returns to shareholders of 374% over the past three years. Reported Earnings • Feb 16
Third quarter 2026 earnings released: EPS: JP¥41.78 (vs JP¥28.49 in 3Q 2025) Third quarter 2026 results: EPS: JP¥41.78 (up from JP¥28.49 in 3Q 2025). Revenue: JP¥21.9b (down 5.7% from 3Q 2025). Net income: JP¥1.51b (up 47% from 3Q 2025). Profit margin: 6.9% (up from 4.4% in 3Q 2025). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Trade Distributors industry in Japan. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 67% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Dec 08
Seika Corporation to Report Q3, 2026 Results on Feb 12, 2026 Seika Corporation announced that they will report Q3, 2026 results on Feb 12, 2026 Declared Dividend • Dec 06
First half dividend of JP¥37.00 announced Shareholders will receive a dividend of JP¥37.00. Ex-date: 30th March 2026 Payment date: 25th June 2026 Dividend yield will be 6.4%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is covered by both earnings (49% earnings payout ratio) and cash flows (70% cash payout ratio). The dividend has increased by an average of 18% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 33% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 08
Second quarter 2026 earnings released Second quarter 2026 results: Revenue: JP¥26.3b (up 9.3% from 2Q 2025). Net income: JP¥1.34b (up 5.0% from 2Q 2025). Profit margin: 5.1% (down from 5.3% in 2Q 2025). The decrease in margin was driven by higher expenses. Duyuru • Oct 27
Seika Corporation (TSE:8061) agreed to acquire Asahi Sunac Corporation from NMC Fund 4 managed by Nippon Mirai Capital Co., Ltd. Seika Corporation (TSE:8061) agreed to acquire Asahi Sunac Corporation from NMC Fund 4 managed by Nippon Mirai Capital Co., Ltd. on October 27, 2025. For the fiscal year ended May 31, 2025, ASAHI SUNAC CORPORATION reported total assets of JPY 15,499 million, Total Common equity of JPY 6,903 million, net sales of JPY 14,161 million, and net profit of JPY 1,113 million.
The transaction is subject to the completion of required approvals and procedures under the Act on Prohibition of Private Monopolization and Maintenance of Fair Trade and other relevant laws. The share transfer is scheduled to commence on December 1, 2025. New Risk • Oct 10
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 5.1% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.1% average weekly change). Profit margins are more than 30% lower than last year (5.9% net profit margin). Duyuru • Sep 30
Seika Corporation to Report Q2, 2026 Results on Nov 07, 2025 Seika Corporation announced that they will report Q2, 2026 results on Nov 07, 2025 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥110 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 09 December 2025. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.9%). New Risk • Aug 08
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: 5.9% Last year net profit margin: 8.6% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (5.9% net profit margin). Reported Earnings • Aug 08
First quarter 2026 earnings released: EPS: JP¥149 (vs JP¥311 in 1Q 2025) First quarter 2026 results: EPS: JP¥149 (down from JP¥311 in 1Q 2025). Revenue: JP¥25.6b (up 25% from 1Q 2025). Net income: JP¥1.79b (down 53% from 1Q 2025). Profit margin: 7.0% (down from 18% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 51% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥6,020, the stock trades at a trailing P/E ratio of 9.2x. Average trailing P/E is 10x in the Trade Distributors industry in Japan. Total returns to shareholders of 324% over the past three years. Declared Dividend • Jul 09
Final dividend of JP¥110 announced Shareholders will receive a dividend of JP¥110. Ex-date: 29th September 2025 Payment date: 9th December 2025 Dividend yield will be 5.0%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (27% earnings payout ratio) and cash flows (36% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 45% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Jun 19
Full year 2025 earnings released: EPS: JP¥650 (vs JP¥372 in FY 2024) Full year 2025 results: EPS: JP¥650 (up from JP¥372 in FY 2024). Revenue: JP¥93.7b (up 8.0% from FY 2024). Net income: JP¥7.80b (up 74% from FY 2024). Profit margin: 8.3% (up from 5.2% in FY 2024). Over the last 3 years on average, earnings per share has increased by 42% per year and the company’s share price has also increased by 42% per year. Duyuru • Jun 06
Seika Corporation to Report Q1, 2026 Results on Aug 07, 2025 Seika Corporation announced that they will report Q1, 2026 results on Aug 07, 2025 Reported Earnings • May 13
Full year 2025 earnings released: EPS: JP¥650 (vs JP¥372 in FY 2024) Full year 2025 results: EPS: JP¥650 (up from JP¥372 in FY 2024). Revenue: JP¥93.7b (up 8.0% from FY 2024). Net income: JP¥7.80b (up 74% from FY 2024). Profit margin: 8.3% (up from 5.2% in FY 2024). Over the last 3 years on average, earnings per share has increased by 42% per year whereas the company’s share price has increased by 41% per year. Duyuru • Apr 02
Seika Corporation (TSE:8061) agreed to acquire 11.58% stake in Tokyo Sangyo Co., Ltd. (TSE:8070). Seika Corporation (TSE:8061) agreed to acquire 11.58% stake in Tokyo Sangyo Co., Ltd. (TSE:8070) on April 1, 2025.
The expected completion of the transaction is April 3, 2025. Duyuru • Mar 27
Seika Corporation to Report Fiscal Year 2025 Results on May 12, 2025 Seika Corporation announced that they will report fiscal year 2025 results on May 12, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥130 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 27 June 2025. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 5.4%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (3.3%). Reported Earnings • Feb 15
Third quarter 2025 earnings released: EPS: JP¥85.48 (vs JP¥85.96 in 3Q 2024) Third quarter 2025 results: EPS: JP¥85.48 (down from JP¥85.96 in 3Q 2024). Revenue: JP¥23.2b (up 13% from 3Q 2024). Net income: JP¥1.02b (down 1.2% from 3Q 2024). Profit margin: 4.4% (down from 5.0% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 47% per year whereas the company’s share price has increased by 44% per year. Duyuru • Dec 10
Seika Corporation to Report Q3, 2025 Results on Feb 13, 2025 Seika Corporation announced that they will report Q3, 2025 results on Feb 13, 2025 Declared Dividend • Dec 10
First half dividend increased to JP¥120 Dividend of JP¥120 is 33% higher than last year. Ex-date: 28th March 2025 Payment date: 27th June 2025 Dividend yield will be 4.7%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (27% earnings payout ratio) and cash flows (41% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 47% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Board Change • Dec 05
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. 5 non-independent directors. Independent Outside Director Masanori Kagami was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Dec 04
Seika Corporation has filed a Follow-on Equity Offering. Seika Corporation has filed a Follow-on Equity Offering.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 551,500
Transaction Features: Subsequent Direct Listing Reported Earnings • Nov 15
Second quarter 2025 earnings released: EPS: JP¥106 (vs JP¥70.13 in 2Q 2024) Second quarter 2025 results: EPS: JP¥106 (up from JP¥70.13 in 2Q 2024). Revenue: JP¥24.0b (up 14% from 2Q 2024). Net income: JP¥1.27b (up 51% from 2Q 2024). Profit margin: 5.3% (up from 4.0% in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 45% per year whereas the company’s share price has increased by 42% per year. Valuation Update With 7 Day Price Move • Nov 13
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥4,590, the stock trades at a trailing P/E ratio of 7.2x. Average trailing P/E is 10x in the Trade Distributors industry in Japan. Total returns to shareholders of 222% over the past three years. Duyuru • Sep 27
Seika Corporation to Report Q2, 2025 Results on Nov 12, 2024 Seika Corporation announced that they will report Q2, 2025 results on Nov 12, 2024 Upcoming Dividend • Sep 20
Upcoming dividend of JP¥90.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 11 December 2024. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 4.5%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (3.3%). Buy Or Sell Opportunity • Aug 06
Now 33% overvalued Over the last 90 days, the stock has fallen 4.3% to JP¥3,710. The fair value is estimated to be JP¥2,796, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 10% over the last 3 years. Earnings per share has grown by 34%. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 24% After last week's 24% share price decline to JP¥3,205, the stock trades at a trailing P/E ratio of 8.6x. Average trailing P/E is 9x in the Trade Distributors industry in Japan. Total returns to shareholders of 123% over the past three years. New Risk • Aug 02
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 5.5% 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 Dividend is not well covered by cash flows (114% cash payout ratio). Share price has been volatile over the past 3 months (5.5% average weekly change). Declared Dividend • Jul 11
Final dividend of JP¥90.00 announced Shareholders will receive a dividend of JP¥90.00. Ex-date: 27th September 2024 Payment date: 11th December 2024 Dividend yield will be 4.3%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is covered by earnings (32% earnings payout ratio) but not covered by cash flows (114% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 24% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Duyuru • Jun 15
Seika Corporation to Report Q1, 2025 Results on Aug 08, 2024 Seika Corporation announced that they will report Q1, 2025 results on Aug 08, 2024 Duyuru • Jun 08
Seika Corporation (TSE:8061) agreed to acquire additional 18.92% stake in Fenwal Controls of Japan, Ltd. (TSE:6870) for ¥1.8 billion. Seika Corporation (TSE:8061) agreed to acquire additional 18.92% stake in Fenwal Controls of Japan, Ltd. (TSE:6870) for ¥1.8 billion on June 7, 2024. A cash consideration of ¥1.8 billion will be paid by Seika Corporation. As part of consideration, ¥1.8 billion is paid towards common equity of Fenwal Controls of Japan, Ltd. The deal is expected to be completed on June 13, 2024. Reported Earnings • May 12
Full year 2024 earnings released: EPS: JP¥372 (vs JP¥416 in FY 2023) Full year 2024 results: EPS: JP¥372 (down from JP¥416 in FY 2023). Revenue: JP¥86.8b (down 7.0% from FY 2023). Net income: JP¥4.49b (down 10% from FY 2023). Profit margin: 5.2% (down from 5.4% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 34% per year whereas the company’s share price has increased by 33% per year. Duyuru • May 12
Seika Corporation, Annual General Meeting, Jun 26, 2024 Seika Corporation, Annual General Meeting, Jun 26, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥60.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 28 June 2024. Payout ratio is a comfortable 32% but the company is not cash flow positive. Trailing yield: 3.5%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (2.4%). Duyuru • Mar 02
Seika Corporation to Report Fiscal Year 2024 Results on May 10, 2024 Seika Corporation announced that they will report fiscal year 2024 results on May 10, 2024 Reported Earnings • Feb 10
Third quarter 2024 earnings released: EPS: JP¥85.96 (vs JP¥78.99 in 3Q 2023) Third quarter 2024 results: EPS: JP¥85.96 (up from JP¥78.99 in 3Q 2023). Revenue: JP¥20.6b (down 11% from 3Q 2023). Net income: JP¥1.04b (up 8.9% from 3Q 2023). Profit margin: 5.0% (up from 4.1% in 3Q 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 29% per year, which means it is significantly lagging earnings growth. Duyuru • Dec 16
Seika Corporation to Report Q3, 2024 Results on Feb 08, 2024 Seika Corporation announced that they will report Q3, 2024 results on Feb 08, 2024 Reported Earnings • Nov 11
Second quarter 2024 earnings released: EPS: JP¥70.12 (vs JP¥33.68 in 2Q 2023) Second quarter 2024 results: EPS: JP¥70.12 (up from JP¥33.68 in 2Q 2023). Revenue: JP¥21.0b (up 5.7% from 2Q 2023). Net income: JP¥845.0m (up 109% from 2Q 2023). Profit margin: 4.0% (up from 2.0% 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 53% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. New Risk • Nov 10
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 5.8% 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 (5.8% average weekly change). Upcoming Dividend • Sep 21
Upcoming dividend of JP¥40.00 per share at 3.7% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 04 December 2023. Payout ratio is a comfortable 21% but the company is not cash flow positive. Trailing yield: 3.7%. Within top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (2.8%). Duyuru • Aug 27
Seika Corporation to Report Q2, 2024 Results on Nov 10, 2023 Seika Corporation announced that they will report Q2, 2024 results on Nov 10, 2023 Reported Earnings • Aug 12
First quarter 2024 earnings released: EPS: JP¥51.40 (vs JP¥36.58 in 1Q 2023) First quarter 2024 results: EPS: JP¥51.40 (up from JP¥36.58 in 1Q 2023). Revenue: JP¥19.1b (down 7.5% from 1Q 2023). Net income: JP¥620.0m (up 41% from 1Q 2023). Profit margin: 3.3% (up from 2.1% 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 62% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Duyuru • May 31
Seika Corporation to Report Q1, 2024 Results on Aug 10, 2023 Seika Corporation announced that they will report Q1, 2024 results on Aug 10, 2023 Reported Earnings • May 14
Full year 2023 earnings released: EPS: JP¥416 (vs JP¥187 in FY 2022) Full year 2023 results: EPS: JP¥416 (up from JP¥187 in FY 2022). Revenue: JP¥93.3b (up 9.4% from FY 2022). Net income: JP¥5.00b (up 123% from FY 2022). Profit margin: 5.4% (up from 2.6% 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 70% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Duyuru • May 12
Seika Corporation, Annual General Meeting, Jun 27, 2023 Seika Corporation, Annual General Meeting, Jun 27, 2023. Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to JP¥2,056, the stock trades at a trailing P/E ratio of 8.7x. Average trailing P/E is 9x in the Trade Distributors industry in Japan. Total returns to shareholders of 96% over the past three years. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥35.00 per share at 3.9% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 29 June 2023. Payout ratio is a comfortable 17% but the company is not cash flow positive. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (3.8%). Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: JP¥78.98 (vs JP¥40.68 in 3Q 2022) Third quarter 2023 results: EPS: JP¥78.98 (up from JP¥40.68 in 3Q 2022). Revenue: JP¥23.1b (up 11% from 3Q 2022). Net income: JP¥951.0m (up 95% from 3Q 2022). Profit margin: 4.1% (up from 2.3% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Duyuru • Feb 11
Seika Corporation Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2023 Seika Corporation provided consolidated earnings guidance for the fiscal year ending March 31, 2023. The company expects net sales to be JPY 95,000 million, Operating profit to be JPY 3,700 million, profit attributable to owners of parent to be JPY 2,500 million or JPY 208.30 per basic share. Duyuru • Nov 30
Seika Corporation to Report Q3, 2023 Results on Feb 10, 2023 Seika Corporation announced that they will report Q3, 2023 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 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Outside Director Kiyomi Miyata 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. Reported Earnings • Nov 10
Second quarter 2023 earnings released: EPS: JP¥33.68 (vs JP¥27.67 in 2Q 2022) Second quarter 2023 results: EPS: JP¥33.68 (up from JP¥27.67 in 2Q 2022). Revenue: JP¥19.9b (down 4.2% from 2Q 2022). Net income: JP¥405.0m (up 22% from 2Q 2022). Profit margin: 2.0% (up from 1.6% in 2Q 2022). The increase in margin was driven by lower expenses. 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 4% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥35.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 05 December 2022. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 4.3%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (3.6%). Duyuru • Aug 28
Seika Corporation to Report Q2, 2023 Results on Nov 08, 2022 Seika Corporation announced that they will report Q2, 2023 results on Nov 08, 2022 Reported Earnings • Aug 07
First quarter 2023 earnings released: EPS: JP¥36.58 (vs JP¥30.14 in 1Q 2022) First quarter 2023 results: EPS: JP¥36.58 (up from JP¥30.14 in 1Q 2022). Revenue: JP¥20.6b (up 4.4% from 1Q 2022). Net income: JP¥439.0m (up 20% from 1Q 2022). Profit margin: 2.1% (up from 1.9% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. 
