Upcoming Dividend • Apr 21
Upcoming dividend of JP¥50.00 per share Eligible shareholders must have bought the stock before 28 April 2026. Payment date: 27 July 2026. Payout ratio is a comfortable 30% but the company is not cash flow positive. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%). Reported Earnings • Mar 14
Third quarter 2026 earnings released: JP¥32.00 loss per share (vs JP¥15.42 loss in 3Q 2025) Third quarter 2026 results: JP¥32.00 loss per share (further deteriorated from JP¥15.42 loss in 3Q 2025). Revenue: JP¥4.23b (down 1.6% from 3Q 2025). Net loss: JP¥83.0m (loss widened 108% from 3Q 2025). Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. New Risk • Dec 17
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 3.2% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. 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 Debt is not well covered by operating cash flow (4.2% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (JP¥4.02b market cap, or US$25.8m). Reported Earnings • Dec 16
Second quarter 2026 earnings released: EPS: JP¥89.85 (vs JP¥87.17 in 2Q 2025) Second quarter 2026 results: EPS: JP¥89.85 (up from JP¥87.17 in 2Q 2025). Revenue: JP¥5.85b (flat on 2Q 2025). Net income: JP¥233.0m (up 3.1% from 2Q 2025). Profit margin: 4.0% (up from 3.9% in 2Q 2025). 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 3% per year, which means it is significantly lagging earnings growth. Duyuru • Oct 08
Nitto Seimo Co., Ltd. to Report Q2, 2026 Results on Dec 12, 2025 Nitto Seimo Co., Ltd. announced that they will report Q2, 2026 results on Dec 12, 2025 Reported Earnings • Sep 15
First quarter 2026 earnings released: EPS: JP¥24.29 (vs JP¥50.13 in 1Q 2025) First quarter 2026 results: EPS: JP¥24.29 (down from JP¥50.13 in 1Q 2025). Revenue: JP¥5.04b (up 9.6% from 1Q 2025). Net income: JP¥63.0m (down 52% from 1Q 2025). Profit margin: 1.3% (down from 2.8% 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 42% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Duyuru • Jul 18
Nitto Seimo Co., Ltd. to Report Q1, 2026 Results on Sep 12, 2025 Nitto Seimo Co., Ltd. announced that they will report Q1, 2026 results on Sep 12, 2025 Reported Earnings • Jun 15
Full year 2025 earnings released: EPS: JP¥206 (vs JP¥211 in FY 2024) Full year 2025 results: EPS: JP¥206 (down from JP¥211 in FY 2024). Revenue: JP¥21.6b (up 3.4% from FY 2024). Net income: JP¥534.0m (down 2.2% from FY 2024). Profit margin: 2.5% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Duyuru • Jun 13
Nitto Seimo Co., Ltd., Annual General Meeting, Jul 24, 2025 Nitto Seimo Co., Ltd., Annual General Meeting, Jul 24, 2025. Upcoming Dividend • Apr 21
Upcoming dividend of JP¥50.00 per share Eligible shareholders must have bought the stock before 28 April 2025. Payment date: 28 July 2025. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (4.0%). Higher than average of industry peers (2.0%). Duyuru • Apr 05
Nitto Seimo Co., Ltd. to Report Fiscal Year 2025 Results on Jun 13, 2025 Nitto Seimo Co., Ltd. announced that they will report fiscal year 2025 results on Jun 13, 2025 Reported Earnings • Mar 14
Third quarter 2025 earnings released: JP¥15.42 loss per share (vs JP¥48.21 loss in 3Q 2024) Third quarter 2025 results: JP¥15.42 loss per share (improved from JP¥48.21 loss in 3Q 2024). Revenue: JP¥4.30b (up 5.5% from 3Q 2024). Net loss: JP¥40.0m (loss narrowed 68% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Duyuru • Jan 17
Nitto Seimo Co., Ltd. to Report Q3, 2025 Results on Mar 13, 2025 Nitto Seimo Co., Ltd. announced that they will report Q3, 2025 results on Mar 13, 2025 Reported Earnings • Dec 16
Second quarter 2025 earnings released: EPS: JP¥87.15 (vs JP¥88.32 in 2Q 2024) Second quarter 2025 results: EPS: JP¥87.15 (down from JP¥88.32 in 2Q 2024). Revenue: JP¥5.85b (up 6.5% from 2Q 2024). Net income: JP¥226.0m (down 1.3% from 2Q 2024). Profit margin: 3.9% (down from 4.2% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Duyuru • Oct 04
Nitto Seimo Co., Ltd. to Report Q2, 2025 Results on Dec 13, 2024 Nitto Seimo Co., Ltd. announced that they will report Q2, 2025 results on Dec 13, 2024 Reported Earnings • Sep 15
First quarter 2025 earnings released: EPS: JP¥50.13 (vs JP¥25.45 in 1Q 2024) First quarter 2025 results: EPS: JP¥50.13 (up from JP¥25.45 in 1Q 2024). Revenue: JP¥4.59b (up 2.3% from 1Q 2024). Net income: JP¥130.0m (up 97% from 1Q 2024). Profit margin: 2.8% (up from 1.5% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Duyuru • Jul 20
Nitto Seimo Co., Ltd. to Report Q1, 2025 Results on Sep 13, 2024 Nitto Seimo Co., Ltd. announced that they will report Q1, 2025 results on Sep 13, 2024 Reported Earnings • Jun 16
Full year 2024 earnings released: EPS: JP¥211 (vs JP¥19.28 in FY 2023) Full year 2024 results: EPS: JP¥211 (up from JP¥19.28 in FY 2023). Revenue: JP¥20.9b (up 8.3% from FY 2023). Net income: JP¥546.0m (up JP¥496.0m from FY 2023). Profit margin: 2.6% (up from 0.3% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 1% per year. Duyuru • Jun 15
Nitto Seimo Co., Ltd., Annual General Meeting, Jul 25, 2024 Nitto Seimo Co., Ltd., Annual General Meeting, Jul 25, 2024. Valuation Update With 7 Day Price Move • May 02
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥1,443, the stock trades at a trailing P/E ratio of 23.4x. Average trailing P/E is 16x in the Luxury industry in Japan. Total returns to shareholders of 2.1% over the past three years. Upcoming Dividend • Apr 19
Upcoming dividend of JP¥50.00 per share Eligible shareholders must have bought the stock before 26 April 2024. Payment date: 26 July 2024. Payout ratio is on the higher end at 81% but the company is not cash flow positive. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.8%). Duyuru • Apr 13
Nitto Seimo Co., Ltd. to Report Fiscal Year 2024 Results on Jun 13, 2024 Nitto Seimo Co., Ltd. announced that they will report fiscal year 2024 results on Jun 13, 2024 Reported Earnings • Apr 11
Third quarter 2024 earnings released: JP¥48.19 loss per share (vs JP¥23.53 loss in 3Q 2023) Third quarter 2024 results: JP¥48.19 loss per share (further deteriorated from JP¥23.53 loss in 3Q 2023). Revenue: JP¥4.07b (down 5.1% from 3Q 2023). Net loss: JP¥125.0m (loss widened 105% from 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Reported Earnings • Dec 15
Second quarter 2024 earnings released: EPS: JP¥88.29 (vs JP¥40.49 in 2Q 2023) Second quarter 2024 results: EPS: JP¥88.29 (up from JP¥40.49 in 2Q 2023). Revenue: JP¥5.49b (up 13% from 2Q 2023). Net income: JP¥229.0m (up 118% from 2Q 2023). Profit margin: 4.2% (up from 2.2% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Duyuru • Oct 06
Nitto Seimo Co., Ltd. to Report Q2, 2024 Results on Dec 12, 2023 Nitto Seimo Co., Ltd. announced that they will report Q2, 2024 results on Dec 12, 2023 Reported Earnings • Sep 17
First quarter 2024 earnings released: EPS: JP¥25.45 (vs JP¥6.17 in 1Q 2023) First quarter 2024 results: EPS: JP¥25.45 (up from JP¥6.17 in 1Q 2023). Revenue: JP¥4.49b (up 24% from 1Q 2023). Net income: JP¥66.0m (up 313% from 1Q 2023). Profit margin: 1.5% (up from 0.4% in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. New Risk • Jul 07
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 259% The company is paying a dividend despite having no free cash flows. Dividend yield: 3.6% 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 Debt is not well covered by operating cash flow (7.1% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 259% Paying a dividend despite having no free cash flows. Earnings have declined by 26% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.3% net profit margin). Market cap is less than US$100m (JP¥3.59b market cap, or US$25.3m). New Risk • Jun 12
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: 0.3% Last year net profit margin: 1.0% 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 Risks Debt is not well covered by operating cash flow (4.0% operating cash flow to total debt). Earnings have declined by 26% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.3% net profit margin). Market cap is less than US$100m (JP¥3.57b market cap, or US$25.6m). Reported Earnings • Jun 11
Full year 2023 earnings released: EPS: JP¥19.28 (vs JP¥73.27 in FY 2022) Full year 2023 results: EPS: JP¥19.28 (down from JP¥73.27 in FY 2022). Revenue: JP¥19.3b (up 5.0% from FY 2022). Net income: JP¥50.0m (down 74% from FY 2022). Profit margin: 0.3% (down from 1.0% in FY 2022). 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 1% per year, which means it has not declined as severely as earnings. Duyuru • Jun 11
Nitto Seimo Co., Ltd., Annual General Meeting, Jul 25, 2023 Nitto Seimo Co., Ltd., Annual General Meeting, Jul 25, 2023. Upcoming Dividend • Apr 20
Upcoming dividend of JP¥50.00 per share at 3.1% yield Eligible shareholders must have bought the stock before 27 April 2023. Payment date: 25 July 2023. Payout ratio is a comfortable 52% but the company is not cash flow positive. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.8%). Reported Earnings • Mar 11
Third quarter 2023 earnings released: JP¥23.51 loss per share (vs JP¥16.97 profit in 3Q 2022) Third quarter 2023 results: JP¥23.51 loss per share (down from JP¥16.97 profit in 3Q 2022). Revenue: JP¥4.29b (up 4.6% from 3Q 2022). Net loss: JP¥61.0m (down 239% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Duyuru • Jan 26
Nitto Seimo Co., Ltd. to Report Q3, 2023 Results on Mar 10, 2023 Nitto Seimo Co., Ltd. announced that they will report Q3, 2023 results on Mar 10, 2023 Reported Earnings • Dec 15
Second quarter 2023 earnings released: EPS: JP¥40.48 (vs JP¥5.40 loss in 2Q 2022) Second quarter 2023 results: EPS: JP¥40.48 (up from JP¥5.40 loss in 2Q 2022). Revenue: JP¥4.87b (up 23% from 2Q 2022). Net income: JP¥105.0m (up JP¥119.0m from 2Q 2022). Profit margin: 2.2% (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 31% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 8 non-independent directors. Independent External Director Koichiro Oka was the last independent director to join the board, commencing their role in 2015. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Oct 08
Nitto Seimo Co., Ltd. to Report Q2, 2023 Results on Dec 13, 2022 Nitto Seimo Co., Ltd. announced that they will report Q2, 2023 results on Dec 13, 2022 Reported Earnings • Sep 15
First quarter 2023 earnings released: EPS: JP¥6.17 (vs JP¥10.80 loss in 1Q 2022) First quarter 2023 results: EPS: JP¥6.17 (up from JP¥10.80 loss in 1Q 2022). Revenue: JP¥3.63b (down 3.1% from 1Q 2022). Net income: JP¥16.0m (up JP¥44.0m from 1Q 2022). Profit margin: 0.4% (up from net loss in 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Duyuru • Jul 28
Nitto Seimo Co., Ltd. to Report Q1, 2023 Results on Sep 13, 2022 Nitto Seimo Co., Ltd. announced that they will report Q1, 2023 results on Sep 13, 2022 Reported Earnings • Jun 13
Full year 2022 earnings released: EPS: JP¥73.26 (vs JP¥162 in FY 2021) Full year 2022 results: EPS: JP¥73.26 (down from JP¥162 in FY 2021). Revenue: JP¥18.4b (up 3.9% from FY 2021). Net income: JP¥190.0m (down 55% from FY 2021). Profit margin: 1.0% (down from 2.4% 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 41% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Duyuru • Jun 12
Nitto Seimo Co., Ltd., Annual General Meeting, Jul 22, 2022 Nitto Seimo Co., Ltd., Annual General Meeting, Jul 22, 2022. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 8 non-independent directors. Independent External Director Koichiro Oka was the last independent director to join the board, commencing their role in 2015. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Apr 20
Upcoming dividend of JP¥50.00 per share Eligible shareholders must have bought the stock before 27 April 2022. Payment date: 29 July 2022. Payout ratio is a comfortable 53% but the company is not cash flow positive. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (2.2%). Duyuru • Apr 08
Nitto Seimo Co., Ltd. to Report Fiscal Year 2022 Results on Jun 10, 2022 Nitto Seimo Co., Ltd. announced that they will report fiscal year 2022 results on Jun 10, 2022 Reported Earnings • Mar 13
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥16.96 (up from JP¥35.09 loss in 3Q 2021). Revenue: JP¥4.11b (up 5.5% from 3Q 2021). Net income: JP¥44.0m (up JP¥135.0m from 3Q 2021). Profit margin: 1.1% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Reported Earnings • Dec 14
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Second quarter 2022 results: JP¥5.40 loss per share (down from JP¥56.69 profit in 2Q 2021). Revenue: JP¥3.97b (down 8.3% from 2Q 2021). Net loss: JP¥14.0m (down 110% from profit in 2Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Reported Earnings • Sep 16
First quarter 2022 earnings released: JP¥10.80 loss per share (vs JP¥47.05 profit in 1Q 2021) The company reported a poor first quarter result with weaker earnings, revenues and control over costs. First quarter 2022 results: Revenue: JP¥3.75b (down 7.3% from 1Q 2021). Net loss: JP¥28.0m (down 123% from profit in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 19% 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. Reported Earnings • Aug 03
Full year 2021 earnings released: EPS JP¥162 (vs JP¥109 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥17.7b (down 3.6% from FY 2020). Net income: JP¥419.0m (up 49% from FY 2020). Profit margin: 2.4% (up from 1.5% in FY 2020). 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 5% per year, which means it has not declined as severely as earnings. Reported Earnings • Jun 14
Full year 2021 earnings released: EPS JP¥162 (vs JP¥109 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥17.7b (down 3.6% from FY 2020). Net income: JP¥419.0m (up 49% from FY 2020). Profit margin: 2.4% (up from 1.5% in FY 2020). 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 6% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Apr 21
Upcoming dividend of JP¥50.00 per share Eligible shareholders must have bought the stock before 28 April 2021. Payment date: 29 July 2021. Trailing yield: 2.8%. Within top quartile of Japanese dividend payers (2.8%). Higher than average of industry peers (2.0%). Reported Earnings • Mar 14
Third quarter 2021 earnings released: JP¥35.08 loss per share (vs JP¥68.29 loss in 3Q 2020) The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: JP¥3.89b (up 30% from 3Q 2020). Net loss: JP¥91.0m (loss narrowed 49% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Mar 09
New 90-day high: JP¥1,593 The company is up 5.0% from its price of JP¥1,511 on 09 December 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Luxury industry, which is also up 5.0% over the same period. Duyuru • Jan 17
Nitto Seimo Co., Ltd. to Report Q3, 2021 Results on Mar 12, 2021 Nitto Seimo Co., Ltd. announced that they will report Q3, 2021 results on Mar 12, 2021 Reported Earnings • Dec 14
Second quarter 2021 earnings released: EPS JP¥56.67 The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥4.33b (down 26% from 2Q 2020). Net income: JP¥147.0m (down 39% from 2Q 2020). Profit margin: 3.4% (down from 4.1% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Duyuru • Oct 14
Nitto Seimo Co., Ltd. to Report Q2, 2021 Results on Dec 11, 2020 Nitto Seimo Co., Ltd. announced that they will report Q2, 2021 results on Dec 11, 2020 Duyuru • Jul 19
Nitto Seimo Co., Ltd. to Report Q1, 2021 Results on Sep 14, 2020 Nitto Seimo Co., Ltd. announced that they will report Q1, 2021 results on Sep 14, 2020