Upcoming Dividend • Jun 22
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 29 June 2026. Payment date: 14 September 2026. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.9%). Higher than average of industry peers (2.0%). Reported Earnings • May 15
First quarter 2026 earnings released: EPS: JP¥128 (vs JP¥91.72 in 1Q 2025) First quarter 2026 results: EPS: JP¥128 (up from JP¥91.72 in 1Q 2025). Revenue: JP¥9.96b (up 14% from 1Q 2025). Net income: JP¥1.29b (up 39% from 1Q 2025). Profit margin: 13% (up from 11% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Mar 29
Full year 2025 earnings released: EPS: JP¥230 (vs JP¥202 in FY 2024) Full year 2025 results: EPS: JP¥230 (up from JP¥202 in FY 2024). Revenue: JP¥32.0b (up 7.3% from FY 2024). Net income: JP¥2.33b (up 12% from FY 2024). Profit margin: 7.3% (up from 7.0% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 28% per year, which means it is well ahead of earnings. New Risk • Mar 26
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 6.6% 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Mar 12
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to JP¥2,911, the stock trades at a trailing P/E ratio of 12.6x. Average trailing P/E is 15x in the Chemicals industry in Japan. Total returns to shareholders of 122% over the past three years. Reported Earnings • Feb 14
Full year 2025 earnings released: EPS: JP¥230 (vs JP¥202 in FY 2024) Full year 2025 results: EPS: JP¥230 (up from JP¥202 in FY 2024). Revenue: JP¥32.0b (up 7.3% from FY 2024). Net income: JP¥2.33b (up 12% from FY 2024). Profit margin: 7.3% (up from 7.0% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Duyuru • Feb 12
OAT Agrio Co., Ltd., Annual General Meeting, Mar 24, 2026 OAT Agrio Co., Ltd., Annual General Meeting, Mar 24, 2026. Duyuru • Dec 27
OAT Agrio Co., Ltd. to Report Fiscal Year 2025 Results on Feb 12, 2026 OAT Agrio Co., Ltd. announced that they will report fiscal year 2025 results on Feb 12, 2026 Upcoming Dividend • Dec 22
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 11 March 2026. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (2.5%). Reported Earnings • Nov 13
Third quarter 2025 earnings released: EPS: JP¥17.85 (vs JP¥13.48 in 3Q 2024) Third quarter 2025 results: EPS: JP¥17.85 (up from JP¥13.48 in 3Q 2024). Revenue: JP¥6.42b (down 1.2% from 3Q 2024). Net income: JP¥180.0m (up 30% from 3Q 2024). Profit margin: 2.8% (up from 2.1% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Duyuru • Oct 01
OAT Agrio Co., Ltd. to Report Q3, 2025 Results on Nov 10, 2025 OAT Agrio Co., Ltd. announced that they will report Q3, 2025 results on Nov 10, 2025 Reported Earnings • Aug 11
Second quarter 2025 earnings released: EPS: JP¥82.35 (vs JP¥81.85 in 2Q 2024) Second quarter 2025 results: EPS: JP¥82.35. Revenue: JP¥8.42b (up 10% from 2Q 2024). Net income: JP¥831.0m (down 1.4% from 2Q 2024). Profit margin: 9.9% (down from 11% in 2Q 2024). The decrease in margin was driven by higher expenses. Duyuru • Jun 04
OAT Agrio Co., Ltd. to Report Q2, 2025 Results on Aug 08, 2025 OAT Agrio Co., Ltd. announced that they will report Q2, 2025 results on Aug 08, 2025 Reported Earnings • May 19
First quarter 2025 earnings released: EPS: JP¥91.72 (vs JP¥69.43 in 1Q 2024) First quarter 2025 results: EPS: JP¥91.72 (up from JP¥69.43 in 1Q 2024). Revenue: JP¥8.76b (up 9.0% from 1Q 2024). Net income: JP¥931.0m (up 30% from 1Q 2024). Profit margin: 11% (up from 8.9% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥1,680, the stock trades at a trailing P/E ratio of 8.2x. Average trailing P/E is 10x in the Chemicals industry in Japan. Total returns to shareholders of 70% over the past three years. Reported Earnings • Mar 28
Full year 2024 earnings released: EPS: JP¥202 (vs JP¥236 in FY 2023) Full year 2024 results: EPS: JP¥202 (down from JP¥236 in FY 2023). Revenue: JP¥29.8b (up 2.7% from FY 2023). Net income: JP¥2.08b (down 17% from FY 2023). Profit margin: 7.0% (down from 8.6% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings. Duyuru • Mar 27
OAT Agrio Co., Ltd. to Report Q1, 2025 Results on May 14, 2025 OAT Agrio Co., Ltd. announced that they will report Q1, 2025 results on May 14, 2025 Reported Earnings • Feb 14
Full year 2024 earnings released: EPS: JP¥202 (vs JP¥236 in FY 2023) Full year 2024 results: EPS: JP¥202 (down from JP¥236 in FY 2023). Revenue: JP¥29.8b (up 2.7% from FY 2023). Net income: JP¥2.08b (down 17% from FY 2023). Profit margin: 7.0% (down from 8.6% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings. Duyuru • Feb 12
OAT Agrio Co., Ltd., Annual General Meeting, Mar 25, 2025 OAT Agrio Co., Ltd., Annual General Meeting, Mar 25, 2025. New Risk • Jan 12
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. This is currently the only risk that has been identified for the company. Duyuru • Jan 03
OAT Agrio Co., Ltd. to Report Fiscal Year 2024 Results on Feb 12, 2025 OAT Agrio Co., Ltd. announced that they will report fiscal year 2024 results on Feb 12, 2025 Upcoming Dividend • Dec 20
Upcoming dividend of JP¥55.00 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 12 March 2025. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.8%). In line with average of industry peers (2.6%). Reported Earnings • Nov 10
Third quarter 2024 earnings released: EPS: JP¥13.48 (vs JP¥23.74 in 3Q 2023) Third quarter 2024 results: EPS: JP¥13.48 (down from JP¥23.74 in 3Q 2023). Revenue: JP¥6.50b (up 9.9% from 3Q 2023). Net income: JP¥139.0m (down 45% from 3Q 2023). Profit margin: 2.1% (down from 4.2% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Nov 08
OAT Agrio Co., Ltd. (TSE:4979) announces an Equity Buyback for 350,000 shares, representing 3.39% for ¥500 million. OAT Agrio Co., Ltd. (TSE:4979) announces a share repurchase program. Under the program, the company will repurchase up to 350,000 shares, representing 3.39% of its issued share capital (excluding treasury stock), for a total purchase price of ¥500 million. The purpose of the program is to strengthen shareholder returns and improve capital efficiency, as well as to enable flexible capital policies in the future. The program will be valid till August 31, 2025. As of June 30, 2024, the company had 10,310,106 issued shares (excluding treasury stock) and 761,894 treasury shares. Buy Or Sell Opportunity • Oct 22
Now 20% undervalued Over the last 90 days, the stock has risen 5.6% to JP¥1,867. The fair value is estimated to be JP¥2,335, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.5% over the last 3 years. Earnings per share has grown by 11%. Revenue is forecast to grow by 17% in 2 years. Earnings are forecast to grow by 72% in the next 2 years. Duyuru • Sep 18
OAT Agrio Co., Ltd. to Report Q3, 2024 Results on Nov 08, 2024 OAT Agrio Co., Ltd. announced that they will report Q3, 2024 results on Nov 08, 2024 Buy Or Sell Opportunity • Sep 11
Now 21% undervalued Over the last 90 days, the stock has risen 22% to JP¥1,881. The fair value is estimated to be JP¥2,369, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.5% over the last 3 years. Earnings per share has grown by 11%. Revenue is forecast to grow by 17% in 2 years. Earnings are forecast to grow by 72% in the next 2 years. Buy Or Sell Opportunity • Aug 19
Now 22% undervalued Over the last 90 days, the stock has risen 18% to JP¥1,838. The fair value is estimated to be JP¥2,348, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.5% over the last 3 years. Earnings per share has grown by 11%. Revenue is forecast to grow by 17% in 2 years. Earnings are forecast to grow by 72% in the next 2 years. Reported Earnings • Aug 14
Second quarter 2024 earnings released: EPS: JP¥81.85 (vs JP¥53.97 in 2Q 2023) Second quarter 2024 results: EPS: JP¥81.85 (up from JP¥53.97 in 2Q 2023). Revenue: JP¥7.63b (up 8.2% from 2Q 2023). Net income: JP¥843.0m (up 47% from 2Q 2023). Profit margin: 11% (up from 8.1% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Chemicals 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 33% per year, which means it is tracking significantly ahead of earnings growth. 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¥1,532, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 12x in the Chemicals industry in Japan. Total returns to shareholders of 147% over the past three years. Duyuru • Jun 30
OAT Agrio Co., Ltd. to Report Q2, 2024 Results on Aug 09, 2024 OAT Agrio Co., Ltd. announced that they will report Q2, 2024 results on Aug 09, 2024 Buy Or Sell Opportunity • Jun 13
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 15% to JP¥1,541. The fair value is estimated to be JP¥1,962, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 20%. Revenue is forecast to grow by 18% in 2 years. Earnings are forecast to grow by 97% in the next 2 years. New Risk • May 24
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥15.7b (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 Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (6.5% average weekly change). Profit margins are more than 30% lower than last year (5.4% net profit margin). Market cap is less than US$100m (JP¥15.7b market cap, or US$99.8m). Buy Or Sell Opportunity • May 21
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 7.5% to JP¥1,559. The fair value is estimated to be JP¥1,952, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 20%. Revenue is forecast to grow by 18% in 2 years. Earnings are forecast to grow by 97% in the next 2 years. Valuation Update With 7 Day Price Move • May 17
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to JP¥1,587, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 13x in the Chemicals industry in Japan. Total returns to shareholders of 133% over the past three years. New Risk • May 13
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 7.3% 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: Major Risk Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Profit margins are more than 30% lower than last year (5.4% net profit margin). Reported Earnings • May 12
First quarter 2024 earnings released: EPS: JP¥69.43 (vs JP¥161 in 1Q 2023) First quarter 2024 results: EPS: JP¥69.43 (down from JP¥161 in 1Q 2023). Revenue: JP¥8.04b (down 14% from 1Q 2023). Net income: JP¥714.0m (down 58% from 1Q 2023). Profit margin: 8.9% (down from 18% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Mar 29
Full year 2023 earnings released: EPS: JP¥236 (vs JP¥214 in FY 2022) Full year 2023 results: EPS: JP¥236 (up from JP¥214 in FY 2022). Revenue: JP¥29.0b (up 7.5% from FY 2022). Net income: JP¥2.49b (up 10.0% from FY 2022). Profit margin: 8.6% (up from 8.4% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Mar 28
OAT Agrio Co., Ltd. to Report Q1, 2024 Results on May 10, 2024 OAT Agrio Co., Ltd. announced that they will report Q1, 2024 results on May 10, 2024 Duyuru • Feb 15
OAT Agrio Co., Ltd., Annual General Meeting, Mar 26, 2024 OAT Agrio Co., Ltd., Annual General Meeting, Mar 26, 2024. Reported Earnings • Feb 15
Full year 2023 earnings released: EPS: JP¥236 (vs JP¥214 in FY 2022) Full year 2023 results: EPS: JP¥236 (up from JP¥214 in FY 2022). Revenue: JP¥29.0b (up 7.5% from FY 2022). Net income: JP¥2.49b (up 10.0% from FY 2022). Profit margin: 8.6% (up from 8.4% 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 32% per year whereas the company’s share price has increased by 35% per year. Buy Or Sell Opportunity • Jan 30
Now 20% undervalued Over the last 90 days, the stock has risen 3.5% to JP¥1,955. The fair value is estimated to be JP¥2,456, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Meanwhile, the company has become profitable. Duyuru • Dec 29
OAT Agrio Co., Ltd. to Report Fiscal Year 2023 Results on Feb 13, 2024 OAT Agrio Co., Ltd. announced that they will report fiscal year 2023 results on Feb 13, 2024 Upcoming Dividend • Dec 21
Upcoming dividend of JP¥55.00 per share at 2.5% yield Eligible shareholders must have bought the stock before 28 December 2023. Payment date: 15 March 2024. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.5%). In line with average of industry peers (2.4%). Buying Opportunity • Dec 04
Now 21% undervalued Over the last 90 days, the stock is up 4.4%. The fair value is estimated to be JP¥2,425, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Meanwhile, the company has become profitable. Buying Opportunity • Nov 13
Now 21% undervalued Over the last 90 days, the stock is up 14%. The fair value is estimated to be JP¥2,462, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Nov 10
Third quarter 2023 earnings released: EPS: JP¥23.74 (vs JP¥17.31 in 3Q 2022) Third quarter 2023 results: EPS: JP¥23.74 (up from JP¥17.31 in 3Q 2022). Revenue: JP¥5.92b (up 7.1% from 3Q 2022). Net income: JP¥251.0m (up 37% from 3Q 2022). Profit margin: 4.2% (up from 3.3% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 46% per year whereas the company’s share price has increased by 45% per year. Duyuru • Sep 29
OAT Agrio Co., Ltd. to Report Q3, 2023 Results on Nov 08, 2023 OAT Agrio Co., Ltd. announced that they will report Q3, 2023 results on Nov 08, 2023 Reported Earnings • Aug 09
Second quarter 2023 earnings released: EPS: JP¥53.97 (vs JP¥78.21 in 2Q 2022) Second quarter 2023 results: EPS: JP¥53.97 (down from JP¥78.21 in 2Q 2022). Revenue: JP¥7.06b (down 1.3% from 2Q 2022). Net income: JP¥572.0m (down 31% from 2Q 2022). Profit margin: 8.1% (down from 12% in 2Q 2022). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 46% per year, which means it is significantly lagging earnings growth. Duyuru • Aug 09
OAT Agrio Co., Ltd. (TSE:4979) announces an Equity Buyback for 400,000 shares, representing 3.77% for ¥600 million. OAT Agrio Co., Ltd. (TSE:4979) announces a share repurchase program. Under the program, the company will repurchase up to 400,000 shares, representing 4.6% of its issued share capital (excluding treasury stock), for a total purchase price of ¥600 million. The purpose of the program is to strengthen shareholder returns, improve capital efficiency, and enable flexible capital policies in the future. The program will be valid till December 31, 2023. As of June 30, 2023, the company had 10,616,047 issued shares (excluding treasury stock) and 455,953 treasury shares. Valuation Update With 7 Day Price Move • Aug 09
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to JP¥1,630, the stock trades at a trailing P/E ratio of 6.4x. Average trailing P/E is 13x in the Chemicals industry in Japan. Total returns to shareholders of 235% over the past three years. New Risk • Jul 18
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 7.6% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (7.6% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • May 12
First quarter 2023 earnings released: EPS: JP¥161 (vs JP¥121 in 1Q 2022) First quarter 2023 results: EPS: JP¥161 (up from JP¥121 in 1Q 2022). Revenue: JP¥9.31b (up 13% from 1Q 2022). Net income: JP¥1.70b (up 34% from 1Q 2022). Profit margin: 18% (up from 16% 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 73% per year but the company’s share price has only increased by 46% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 11
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to JP¥1,650, the stock trades at a trailing P/E ratio of 7.7x. Average trailing P/E is 12x in the Chemicals industry in Japan. Total returns to shareholders of 256% over the past three years. Reported Earnings • Apr 01
Full year 2022 earnings released: EPS: JP¥214 (vs JP¥134 in FY 2021) Full year 2022 results: EPS: JP¥214 (up from JP¥134 in FY 2021). Revenue: JP¥27.0b (up 19% from FY 2021). Net income: JP¥2.26b (up 57% from FY 2021). Profit margin: 8.4% (up from 6.4% 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 82% per year but the company’s share price has only increased by 47% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 12
Full year 2022 earnings released: EPS: JP¥214 (vs JP¥134 in FY 2021) Full year 2022 results: EPS: JP¥214 (up from JP¥134 in FY 2021). Revenue: JP¥27.0b (up 19% from FY 2021). Net income: JP¥2.26b (up 57% from FY 2021). Profit margin: 8.4% (up from 6.4% 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 82% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Duyuru • Feb 12
OAT Agrio Co., Ltd., Annual General Meeting, Mar 29, 2023 OAT Agrio Co., Ltd., Annual General Meeting, Mar 29, 2023. Duyuru • Dec 28
OAT Agrio Co., Ltd. to Report Fiscal Year 2022 Results on Feb 10, 2023 OAT Agrio Co., Ltd. announced that they will report fiscal year 2022 results on Feb 10, 2023 Upcoming Dividend • Dec 22
Upcoming dividend of JP¥45.00 per share Eligible shareholders must have bought the stock before 29 December 2022. Payment date: 16 March 2023. Payout ratio is a comfortable 10% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (3.0%). Board Change • Nov 16
Less than half of directors are independent There are 8 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 independent directors. 8 non-independent directors. Outside Independent Director Motonori Araki was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Nov 11
Third quarter 2022 earnings released: EPS: JP¥17.31 (vs JP¥9.08 in 3Q 2021) Third quarter 2022 results: EPS: JP¥17.31 (up from JP¥9.08 in 3Q 2021). Revenue: JP¥5.52b (up 22% from 3Q 2021). Net income: JP¥183.0m (up 87% from 3Q 2021). Profit margin: 3.3% (up from 2.2% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Duyuru • Sep 28
OAT Agrio Co., Ltd. to Report Q3, 2022 Results on Nov 09, 2022 OAT Agrio Co., Ltd. announced that they will report Q3, 2022 results on Nov 09, 2022 Valuation Update With 7 Day Price Move • Aug 30
Investor sentiment improved over the past week After last week's 39% share price gain to JP¥2,190, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 9x in the Chemicals industry in Japan. Total returns to shareholders of 263% over the past three years. Valuation Update With 7 Day Price Move • Aug 16
Investor sentiment deteriorated over the past week After last week's 16% share price decline to JP¥1,568, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 9x in the Chemicals industry in Japan. Total returns to shareholders of 141% over the past three years. Reported Earnings • Aug 11
Second quarter 2022 earnings released: EPS: JP¥78.21 (vs JP¥52.99 in 2Q 2021) Second quarter 2022 results: EPS: JP¥78.21 (up from JP¥52.99 in 2Q 2021). Revenue: JP¥7.15b (up 17% from 2Q 2021). Net income: JP¥826.0m (up 44% from 2Q 2021). Profit margin: 12% (up from 9.4% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 6.7%, compared to a 9.2% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Duyuru • Jul 01
OAT Agrio Co., Ltd. to Report Q2, 2022 Results on Aug 09, 2022 OAT Agrio Co., Ltd. announced that they will report Q2, 2022 results on Aug 09, 2022 Valuation Update With 7 Day Price Move • Jun 24
Investor sentiment deteriorated over the past week After last week's 16% share price decline to JP¥1,494, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 9x in the Chemicals industry in Japan. Total returns to shareholders of 138% over the past three years. Valuation Update With 7 Day Price Move • May 18
Investor sentiment improved over the past week After last week's 50% share price gain to JP¥1,629, the stock trades at a trailing P/E ratio of 8.7x. Average trailing P/E is 9x in the Chemicals industry in Japan. Total returns to shareholders of 164% over the past three years. Reported Earnings • May 13
First quarter 2022 earnings released: EPS: JP¥121 (vs JP¥68.83 in 1Q 2021) First quarter 2022 results: EPS: JP¥121 (up from JP¥68.83 in 1Q 2021). Revenue: JP¥8.22b (up 20% from 1Q 2021). Net income: JP¥1.28b (up 71% from 1Q 2021). Profit margin: 16% (up from 11% 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 55% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. 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, none were independent directors. The company's board is composed of: 3 independent directors. 8 non-independent directors. Independent Outside Director Nobuyuki Mitsui was the last independent director to join the board, commencing their role in 2017. 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
OAT Agrio Co., Ltd. to Report Q1, 2022 Results on May 11, 2022 OAT Agrio Co., Ltd. announced that they will report Q1, 2022 results on May 11, 2022 Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment improved over the past week After last week's 24% share price gain to JP¥1,032, the stock trades at a trailing P/E ratio of 7.5x. Average trailing P/E is 10x in the Chemicals industry in Japan. Total returns to shareholders of 35% over the past three years. Duyuru • Feb 12
OAT Agrio Co., Ltd., Annual General Meeting, Mar 30, 2022 OAT Agrio Co., Ltd., Annual General Meeting, Mar 30, 2022. Reported Earnings • Feb 12
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: JP¥268 (up from JP¥155 in FY 2020). Revenue: JP¥22.7b (up 12% from FY 2020). Net income: JP¥1.44b (up 72% from FY 2020). Profit margin: 6.4% (up from 4.1% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 26% 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 • Dec 22
Upcoming dividend of JP¥45.00 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 16 March 2022. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.3%). In line with average of industry peers (2.2%). Valuation Update With 7 Day Price Move • Nov 17
Investor sentiment improved over the past week After last week's 16% share price gain to JP¥2,271, the stock trades at a trailing P/E ratio of 8.1x. Average trailing P/E is 10x in the Chemicals industry in Japan. Total returns to shareholders of 11% over the past three years. Reported Earnings • Nov 11
Third quarter 2021 earnings released: EPS JP¥18.15 (vs JP¥5.36 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¥4.51b (up 14% from 3Q 2020). Net income: JP¥98.0m (up JP¥127.0m from 3Q 2020). Profit margin: 2.2% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has remained flat. Reported Earnings • Aug 15
Second quarter 2021 earnings released: EPS JP¥106 (vs JP¥44.90 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥6.13b (up 16% from 2Q 2020). Net income: JP¥575.0m (up 137% from 2Q 2020). Profit margin: 9.4% (up from 4.6% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Duyuru • Aug 14
Hokuko Chemical Industry Co., Ltd signed a basic agreement to acquire Benzofenapa and Bensfuresate Active Ingredients and Containing Agents Business of OAT Agrio Co., Ltd. from OAT Agrio Co., Ltd. (TSE:4979). Hokuko Chemical Industry Co., Ltd signed a basic agreement to acquire Benzofenapa and Bensfuresate Active Ingredients and Containing Agents Business of OAT Agrio Co., Ltd. from OAT Agrio Co., Ltd. (TSE:4979) on August 13, 2021. The consideration shall be paid in cash. The transfer agreement is planned to be signed by the end of September 2021. The transaction does not require a resolution at the shareholders meeting. The transaction is expected to close in end of September 2021. Duyuru • Aug 11
OAT Agrio Co., Ltd. (TSE:4979) announces an Equity Buyback for 250,000 shares, representing 4.6% for ¥300 million. OAT Agrio Co., Ltd. (TSE:4979) announces a share repurchase program. Under the program, the company will repurchase up to 250,000 shares, representing 4.6% of its issued share capital (excluding treasury stock), for a total purchase price of ¥300 million. The purpose of the program is to strengthen shareholder returns, improve capital efficiency, and enable flexible capital policies in the future. The program will be valid till May 31, 2022. As of June 30, 2021, the company had 5,433,656 issued shares (excluding treasury stock) and 102,344 treasury shares. Valuation Update With 7 Day Price Move • Aug 11
Investor sentiment improved over the past week After last week's 18% share price gain to JP¥1,602, the stock trades at a trailing P/E ratio of 8.4x. Average trailing P/E is 12x in the Chemicals industry in Japan. Total loss to shareholders of 33% over the past three years. Reported Earnings • May 14
First quarter 2021 earnings released: EPS JP¥138 (vs JP¥102 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: JP¥6.82b (up 9.2% from 1Q 2020). Net income: JP¥745.0m (up 35% from 1Q 2020). Profit margin: 11% (up from 8.8% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings. Duyuru • Dec 30
OAT Agrio Co., Ltd. to Report Fiscal Year 2020 Results on Feb 12, 2021 OAT Agrio Co., Ltd. announced that they will report fiscal year 2020 results on Feb 12, 2021 Upcoming Dividend • Dec 22
Upcoming Dividend of JP¥40.00 Per Share Will be paid on the 13th of March to those who are registered shareholders by the 29th of December. The trailing yield of 2.9% is below the top quartile of Japanese dividend payers (3.0%), but it is higher than industry peers (2.0%). Is New 90 Day High Low • Dec 01
New 90-day high: JP¥1,484 The company is up 36% from its price of JP¥1,090 on 02 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 Chemicals industry, which is up 17% over the same period. Duyuru • Oct 08
OAT Agrio Co., Ltd. to Report Q3, 2020 Results on Nov 13, 2020 OAT Agrio Co., Ltd. announced that they will report Q3, 2020 results on Nov 13, 2020 Duyuru • Jul 17
OAT Agrio Co., Ltd. to Report Q2, 2020 Results on Aug 14, 2020 OAT Agrio Co., Ltd. announced that they will report Q2, 2020 results on Aug 14, 2020