Upcoming Dividend • Mar 23
Upcoming dividend of JP¥13.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 29 June 2026. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 4.5%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.8%). Reported Earnings • Feb 11
Third quarter 2026 earnings released: EPS: JP¥3.74 (vs JP¥6.42 in 3Q 2025) Third quarter 2026 results: EPS: JP¥3.74 (down from JP¥6.42 in 3Q 2025). Revenue: JP¥6.71b (up 1.2% from 3Q 2025). Net income: JP¥113.0m (down 42% from 3Q 2025). Profit margin: 1.7% (down from 2.9% in 3Q 2025). The decrease in margin was driven by higher expenses. 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 4% per year, which means it has not declined as severely as earnings. Duyuru • Dec 26
SE Corporation to Report Q3, 2026 Results on Feb 10, 2026 SE Corporation announced that they will report Q3, 2026 results on Feb 10, 2026 Reported Earnings • Nov 10
Second quarter 2026 earnings released: EPS: JP¥0.53 (vs JP¥7.18 in 2Q 2025) Second quarter 2026 results: EPS: JP¥0.53 (down from JP¥7.18 in 2Q 2025). Revenue: JP¥5.64b (down 9.1% from 2Q 2025). Net income: JP¥16.0m (down 93% from 2Q 2025). Profit margin: 0.3% (down from 3.5% in 2Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Duyuru • Oct 02
SE Corporation to Report Q2, 2026 Results on Nov 07, 2025 SE Corporation announced that they will report Q2, 2026 results on Nov 07, 2025 Reported Earnings • Aug 11
First quarter 2026 earnings released: JP¥2.38 loss per share (vs JP¥1.09 loss in 1Q 2025) First quarter 2026 results: JP¥2.38 loss per share (further deteriorated from JP¥1.09 loss in 1Q 2025). Revenue: JP¥5.16b (down 8.7% from 1Q 2025). Net loss: JP¥72.0m (loss widened 118% from 1Q 2025). 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 6% per year, which means it has not declined as severely as earnings. Reported Earnings • Jun 29
Full year 2025 earnings released: EPS: JP¥17.98 (vs JP¥32.08 in FY 2024) Full year 2025 results: EPS: JP¥17.98 (down from JP¥32.08 in FY 2024). Revenue: JP¥25.9b (down 2.2% from FY 2024). Net income: JP¥543.0m (down 44% from FY 2024). Profit margin: 2.1% (down from 3.7% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Duyuru • Jun 25
SE Corporation to Report Q1, 2026 Results on Aug 08, 2025 SE Corporation announced that they will report Q1, 2026 results on Aug 08, 2025 Reported Earnings • May 11
Full year 2025 earnings released: EPS: JP¥17.98 (vs JP¥32.08 in FY 2024) Full year 2025 results: EPS: JP¥17.98 (down from JP¥32.08 in FY 2024). Revenue: JP¥25.9b (down 2.2% from FY 2024). Net income: JP¥543.0m (down 44% from FY 2024). Profit margin: 2.1% (down from 3.7% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 24% 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 09
SE Corporation, Annual General Meeting, Jun 26, 2025 SE Corporation, Annual General Meeting, Jun 26, 2025. Buy Or Sell Opportunity • Apr 07
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 10% to JP¥242. The fair value is estimated to be JP¥306, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.5% over the last 3 years. Earnings per share has declined by 22%. Duyuru • Mar 27
SE Corporation to Report Fiscal Year 2025 Results on May 09, 2025 SE Corporation announced that they will report fiscal year 2025 results on May 09, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥13.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 27 June 2025. Payout ratio is a comfortable 55% and this is well supported by cash flows. Trailing yield: 4.6%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.8%). New Risk • Feb 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: 2.8% Last year net profit margin: 4.0% 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: 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 (2.8% net profit margin). Market cap is less than US$100m (JP¥8.16b market cap, or US$53.9m). Duyuru • Dec 07
SE Corporation to Report Q3, 2025 Results on Feb 07, 2025 SE Corporation announced that they will report Q3, 2025 results on Feb 07, 2025 Reported Earnings • Nov 08
Second quarter 2025 earnings released: EPS: JP¥7.18 (vs JP¥8.81 in 2Q 2024) Second quarter 2025 results: EPS: JP¥7.18 (down from JP¥8.81 in 2Q 2024). Revenue: JP¥6.20b (down 8.7% from 2Q 2024). Net income: JP¥217.0m (down 18% from 2Q 2024). Profit margin: 3.5% (down from 3.9% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Duyuru • Sep 20
SE Corporation to Report Q2, 2025 Results on Nov 05, 2024 SE Corporation announced that they will report Q2, 2025 results on Nov 05, 2024 New Risk • Sep 17
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (JP¥8.37b market cap, or US$59.5m). Reported Earnings • Aug 08
First quarter 2025 earnings released: JP¥1.09 loss per share (vs JP¥1.39 profit in 1Q 2024) First quarter 2025 results: JP¥1.09 loss per share (down from JP¥1.39 profit in 1Q 2024). Revenue: JP¥5.65b (flat on 1Q 2024). Net loss: JP¥33.0m (down 179% from profit in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥247, the stock trades at a trailing P/E ratio of 7.7x. Average trailing P/E is 9x in the Basic Materials industry in Japan. Total loss to shareholders of 13% over the past three years. Duyuru • Jun 22
SE Corporation to Report Q1, 2025 Results on Aug 05, 2024 SE Corporation announced that they will report Q1, 2025 results on Aug 05, 2024 Reported Earnings • May 13
Full year 2024 earnings released: EPS: JP¥32.08 (vs JP¥28.82 in FY 2023) Full year 2024 results: EPS: JP¥32.08 (up from JP¥28.82 in FY 2023). Revenue: JP¥26.5b (up 4.0% from FY 2023). Net income: JP¥969.0m (up 11% from FY 2023). Profit margin: 3.7% (up from 3.4% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Duyuru • May 12
SE Corporation, Annual General Meeting, Jun 26, 2024 SE Corporation, Annual General Meeting, Jun 26, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥13.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 36% 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 10
SE Corporation to Report Fiscal Year 2024 Results on May 10, 2024 SE Corporation announced that they will report fiscal year 2024 results on May 10, 2024 Reported Earnings • Feb 08
Third quarter 2024 earnings released: EPS: JP¥10.59 (vs JP¥4.90 in 3Q 2023) Third quarter 2024 results: EPS: JP¥10.59 (up from JP¥4.90 in 3Q 2023). Revenue: JP¥6.90b (up 9.5% from 3Q 2023). Net income: JP¥320.0m (up 116% from 3Q 2023). Profit margin: 4.6% (up from 2.3% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 7% per year. Duyuru • Dec 07
SE Corporation to Report Q3, 2024 Results on Feb 05, 2024 SE Corporation announced that they will report Q3, 2024 results on Feb 05, 2024 Reported Earnings • Nov 07
Second quarter 2024 earnings released: EPS: JP¥8.81 (vs JP¥4.07 in 2Q 2023) Second quarter 2024 results: EPS: JP¥8.81 (up from JP¥4.07 in 2Q 2023). Revenue: JP¥6.79b (up 17% from 2Q 2023). Net income: JP¥266.0m (up 116% from 2Q 2023). Profit margin: 3.9% (up from 2.1% 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 15% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Duyuru • Sep 17
SE Corporation to Report Q2, 2024 Results on Nov 06, 2023 SE Corporation announced that they will report Q2, 2024 results on Nov 06, 2023 Reported Earnings • Aug 09
First quarter 2024 earnings released: EPS: JP¥1.39 (vs JP¥4.72 in 1Q 2023) First quarter 2024 results: EPS: JP¥1.39 (down from JP¥4.72 in 1Q 2023). Revenue: JP¥5.60b (flat on 1Q 2023). Net income: JP¥42.0m (down 70% from 1Q 2023). Profit margin: 0.7% (down from 2.5% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 09
First quarter 2024 earnings released: EPS: JP¥1.39 (vs JP¥4.72 in 1Q 2023) First quarter 2024 results: EPS: JP¥1.39 (down from JP¥4.72 in 1Q 2023). Revenue: JP¥5.60b (flat on 1Q 2023). Net income: JP¥42.0m (down 70% from 1Q 2023). Profit margin: 0.7% (down from 2.5% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Duyuru • Jun 24
SE Corporation to Report Q1, 2024 Results on Aug 04, 2023 SE Corporation announced that they will report Q1, 2024 results on Aug 04, 2023 Reported Earnings • May 18
Full year 2023 earnings released: EPS: JP¥28.82 (vs JP¥53.65 in FY 2022) Full year 2023 results: EPS: JP¥28.82 (down from JP¥53.65 in FY 2022). Revenue: JP¥25.5b (up 5.4% from FY 2022). Net income: JP¥870.0m (down 46% from FY 2022). Profit margin: 3.4% (down from 6.7% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Duyuru • May 14
SE Corporation, Annual General Meeting, Jun 28, 2023 SE Corporation, Annual General Meeting, Jun 28, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥13.00 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 44% but the company is paying out more than the cash it is generating. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.8%). Reported Earnings • Feb 09
Third quarter 2023 earnings released: EPS: JP¥4.90 (vs JP¥12.12 in 3Q 2022) Third quarter 2023 results: EPS: JP¥4.90 (down from JP¥12.12 in 3Q 2022). Revenue: JP¥6.31b (up 1.3% from 3Q 2022). Net income: JP¥148.0m (down 60% from 3Q 2022). Profit margin: 2.3% (down from 5.9% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Duyuru • Dec 28
SE Corporation to Report Q3, 2023 Results on Feb 06, 2023 SE Corporation announced that they will report Q3, 2023 results on Feb 06, 2023 Reported Earnings • Nov 17
Second quarter 2023 earnings released: EPS: JP¥4.07 (vs JP¥11.33 in 2Q 2022) Second quarter 2023 results: EPS: JP¥4.07 (down from JP¥11.33 in 2Q 2022). Revenue: JP¥5.81b (down 1.6% from 2Q 2022). Net income: JP¥123.0m (down 64% from 2Q 2022). Profit margin: 2.1% (down from 5.8% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. 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. 7 non-independent directors. Independent External Director Toshiaki 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. Reported Earnings • Nov 06
Second quarter 2023 earnings released: EPS: JP¥4.07 (vs JP¥11.33 in 2Q 2022) Second quarter 2023 results: EPS: JP¥4.07 (down from JP¥11.33 in 2Q 2022). Revenue: JP¥5.81b (down 1.6% from 2Q 2022). Net income: JP¥123.0m (down 64% from 2Q 2022). Profit margin: 2.1% (down from 5.8% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Duyuru • Sep 11
SE Corporation to Report Q2, 2023 Results on Nov 04, 2022 SE Corporation announced that they will report Q2, 2023 results on Nov 04, 2022 Reported Earnings • Aug 07
First quarter 2023 earnings released: EPS: JP¥4.72 (vs JP¥11.93 in 1Q 2022) First quarter 2023 results: EPS: JP¥4.72 (down from JP¥11.93 in 1Q 2022). Revenue: JP¥5.61b (up 1.1% from 1Q 2022). Net income: JP¥142.0m (down 60% from 1Q 2022). Profit margin: 2.5% (down from 6.5% in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Duyuru • Jun 18
SE Corporation to Report Q1, 2023 Results on Aug 05, 2022 SE Corporation announced that they will report Q1, 2023 results on Aug 05, 2022 Reported Earnings • May 16
Full year 2022 earnings released: EPS: JP¥53.65 (vs JP¥21.08 in FY 2021) Full year 2022 results: EPS: JP¥53.65 (up from JP¥21.08 in FY 2021). Revenue: JP¥24.2b (up 5.9% from FY 2021). Net income: JP¥1.61b (up 155% from FY 2021). Profit margin: 6.7% (up from 2.8% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Duyuru • May 15
SE Corporation, Annual General Meeting, Jun 28, 2022 SE Corporation, Annual General Meeting, Jun 28, 2022. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 5 highly experienced directors. 2 independent directors (7 non-independent directors). Independent External Director Toshiaki Oka was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Duyuru • Apr 07
SE Corporation to Report Fiscal Year 2022 Results on May 13, 2022 SE Corporation announced that they will report fiscal year 2022 results on May 13, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥11.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 30 June 2022. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.4%). In line with average of industry peers (2.7%). Reported Earnings • Feb 07
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥12.12 (up from JP¥5.73 in 3Q 2021). Revenue: JP¥6.22b (up 2.0% from 3Q 2021). Net income: JP¥365.0m (up 112% from 3Q 2021). Profit margin: 5.9% (up from 2.8% in 3Q 2021). The increase in margin was primarily driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Nov 29
Investor sentiment deteriorated over the past week After last week's 16% share price decline to JP¥342, the stock trades at a trailing P/E ratio of 8.3x. Average trailing P/E is 8x in the Basic Materials industry in Japan. Total returns to shareholders of 24% over the past three years. Reported Earnings • Nov 07
Second quarter 2022 earnings released: EPS JP¥11.33 (vs JP¥0.47 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥5.90b (up 12% from 2Q 2021). Net income: JP¥341.0m (up JP¥327.0m from 2Q 2021). Profit margin: 5.8% (up from 0.3% 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 8% per year whereas the company’s share price has increased by 4% per year. Reported Earnings • Aug 15
First quarter 2022 earnings released: EPS JP¥11.93 (vs JP¥2.71 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥5.55b (up 14% from 1Q 2021). Net income: JP¥358.0m (up 342% from 1Q 2021). Profit margin: 6.5% (up from 1.7% in 1Q 2021). The increase in margin was driven by higher revenue. 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. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 29 June 2021. Trailing yield: 3.3%. Within top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (2.2%). Is New 90 Day High Low • Mar 10
New 90-day high: JP¥296 The company is up 2.0% from its price of JP¥290 on 10 December 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is up 6.0% over the same period. Reported Earnings • Feb 09
Third quarter 2021 earnings released: EPS JP¥5.73 (vs JP¥1.27 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥6.10b (up 9.4% from 3Q 2020). Net income: JP¥172.0m (up JP¥210.0m from 3Q 2020). Profit margin: 2.8% (up from net loss in 3Q 2020). 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 3% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Dec 08
New 90-day high: JP¥300 The company is up 9.0% from its price of JP¥274 on 09 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Basic Materials industry, which is up 1.0% over the same period. Reported Earnings • Nov 15
Second quarter 2021 earnings released: EPS JP¥0.47 The company reported a poor second quarter result with weaker earnings and profit margins, although revenues were flat. Second quarter 2021 results: Revenue: JP¥5.26b (flat on 2Q 2020). Net income: JP¥14.0m (down 26% from 2Q 2020). Profit margin: 0.3% (down from 0.4% in 2Q 2020). The decrease in margin was driven by higher expenses. 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 1% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 08
Second quarter 2021 earnings released: EPS JP¥0.47 The company reported a poor second quarter result with weaker earnings and profit margins, although revenues were flat. Second quarter 2021 results: Revenue: JP¥5.26b (flat on 2Q 2020). Net income: JP¥14.0m (down 26% from 2Q 2020). Profit margin: 0.3% (down from 0.4% in 2Q 2020). The decrease in margin was driven by higher expenses. 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 3% per year, which means it has not declined as severely as earnings. Duyuru • Sep 06
SE Corporation to Report Q2, 2021 Results on Nov 06, 2020 SE Corporation announced that they will report Q2, 2021 results on Nov 06, 2020