Reported Earnings • May 13
Full year 2026 earnings released: EPS: JP¥143 (vs JP¥244 in FY 2025) Full year 2026 results: EPS: JP¥143 (down from JP¥244 in FY 2025). Revenue: JP¥25.7b (down 2.4% from FY 2025). Net income: JP¥470.0m (down 41% from FY 2025). Profit margin: 1.8% (down from 3.0% in FY 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Duyuru • May 11
Kogi Corporation, Annual General Meeting, Jun 26, 2026 Kogi Corporation, Annual General Meeting, Jun 26, 2026. Duyuru • May 09
Kogi Corporation to Report Fiscal Year 2026 Results on May 11, 2026 Kogi Corporation announced that they will report fiscal year 2026 results on May 11, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥50.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 29 June 2026. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.5%). New Risk • Mar 18
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 6.3% 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: 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 (6.3% average weekly change). Profit margins are more than 30% lower than last year (1.9% net profit margin). Market cap is less than US$100m (JP¥5.38b market cap, or US$33.8m). Valuation Update With 7 Day Price Move • Mar 17
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to JP¥1,628, the stock trades at a trailing P/E ratio of 10.6x. Average trailing P/E is 13x in the Metals and Mining industry in Japan. Total returns to shareholders of 84% over the past three years. Reported Earnings • Jan 31
Third quarter 2026 earnings released: EPS: JP¥21.02 (vs JP¥143 in 3Q 2025) Third quarter 2026 results: EPS: JP¥21.02 (down from JP¥143 in 3Q 2025). Revenue: JP¥6.27b (down 5.1% from 3Q 2025). Net income: JP¥69.0m (down 85% from 3Q 2025). Profit margin: 1.1% (down from 7.1% in 3Q 2025). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Duyuru • Dec 18
Kogi Corporation to Report Q3, 2026 Results on Jan 30, 2026 Kogi Corporation announced that they will report Q3, 2026 results on Jan 30, 2026 Reported Earnings • Nov 02
Second quarter 2026 earnings released: EPS: JP¥32.92 (vs JP¥53.24 in 2Q 2025) Second quarter 2026 results: EPS: JP¥32.92 (down from JP¥53.24 in 2Q 2025). Revenue: JP¥6.66b (up 2.3% from 2Q 2025). Net income: JP¥108.0m (down 38% from 2Q 2025). Profit margin: 1.6% (down from 2.7% in 2Q 2025). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Duyuru • Sep 01
Kogi Corporation to Report Q2, 2026 Results on Oct 31, 2025 Kogi Corporation announced that they will report Q2, 2026 results on Oct 31, 2025 Reported Earnings • Aug 02
First quarter 2026 earnings released: EPS: JP¥62.69 (vs JP¥11.32 in 1Q 2025) First quarter 2026 results: EPS: JP¥62.69 (up from JP¥11.32 in 1Q 2025). Revenue: JP¥6.19b (down 3.6% from 1Q 2025). Net income: JP¥205.0m (up 454% from 1Q 2025). Profit margin: 3.3% (up from 0.6% in 1Q 2025). 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 • Jun 27
Kogi Corporation to Report Q1, 2026 Results on Jul 31, 2025 Kogi Corporation announced that they will report Q1, 2026 results on Jul 31, 2025 Reported Earnings • May 09
Full year 2025 earnings released: EPS: JP¥244 (vs JP¥165 in FY 2024) Full year 2025 results: EPS: JP¥244 (up from JP¥165 in FY 2024). Revenue: JP¥26.3b (up 1.4% from FY 2024). Net income: JP¥798.0m (up 48% from FY 2024). Profit margin: 3.0% (up from 2.1% in 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 4% per year, which means it is significantly lagging earnings growth. Duyuru • May 08
Kogi Corporation, Annual General Meeting, Jun 26, 2025 Kogi Corporation, Annual General Meeting, Jun 26, 2025. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to JP¥1,054, the stock trades at a trailing P/E ratio of 4.2x. Average trailing P/E is 9x in the Metals and Mining industry in Japan. Total returns to shareholders of 26% over the past three years. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥60.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 27 June 2025. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 4.4%. Within top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (4.1%). Duyuru • Mar 04
Kogi Corporation to Report Fiscal Year 2025 Results on May 08, 2025 Kogi Corporation announced that they will report fiscal year 2025 results on May 08, 2025 Reported Earnings • Feb 01
Third quarter 2025 earnings released: EPS: JP¥143 (vs JP¥61.49 in 3Q 2024) Third quarter 2025 results: EPS: JP¥143 (up from JP¥61.49 in 3Q 2024). Revenue: JP¥6.61b (down 2.3% from 3Q 2024). Net income: JP¥467.0m (up 132% from 3Q 2024). Profit margin: 7.1% (up from 3.0% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Duyuru • Jan 03
Kogi Corporation to Report Q3, 2025 Results on Jan 31, 2025 Kogi Corporation announced that they will report Q3, 2025 results on Jan 31, 2025 Reported Earnings • Nov 01
Second quarter 2025 earnings released: EPS: JP¥53.21 (vs JP¥8.57 in 2Q 2024) Second quarter 2025 results: EPS: JP¥53.21 (up from JP¥8.57 in 2Q 2024). Revenue: JP¥6.51b (up 5.0% from 2Q 2024). Net income: JP¥174.0m (up JP¥146.0m from 2Q 2024). Profit margin: 2.7% (up from 0.5% in 2Q 2024). 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 1% per year, which means it is significantly lagging earnings growth. Duyuru • Sep 03
Kogi Corporation to Report Q2, 2025 Results on Oct 30, 2024 Kogi Corporation announced that they will report Q2, 2025 results on Oct 30, 2024 New Risk • Aug 05
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 6.5% 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: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.5% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (JP¥3.11b market cap, or US$21.8m). Reported Earnings • Aug 02
First quarter 2025 earnings released: EPS: JP¥11.32 (vs JP¥48.03 in 1Q 2024) First quarter 2025 results: EPS: JP¥11.32 (down from JP¥48.03 in 1Q 2024). Revenue: JP¥6.42b (flat on 1Q 2024). Net income: JP¥37.0m (down 76% from 1Q 2024). Profit margin: 0.6% (down from 2.5% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Duyuru • Jun 29
Kogi Corporation to Report Q1, 2025 Results on Jul 31, 2024 Kogi Corporation announced that they will report Q1, 2025 results on Jul 31, 2024 Reported Earnings • May 13
Full year 2024 earnings released: EPS: JP¥165 (vs JP¥142 in FY 2023) Full year 2024 results: EPS: JP¥165 (up from JP¥142 in FY 2023). Revenue: JP¥26.0b (down 2.9% from FY 2023). Net income: JP¥538.0m (up 16% from FY 2023). Profit margin: 2.1% (up from 1.7% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Duyuru • May 12
Kogi Corporation, Annual General Meeting, Jun 26, 2024 Kogi Corporation, Annual General Meeting, Jun 26, 2024. Duyuru • Mar 28
Kogi Corporation to Report Fiscal Year 2024 Results on May 10, 2024 Kogi Corporation announced that they will report fiscal year 2024 results on May 10, 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: 01 July 2024. Payout ratio is a comfortable 20% but the company is not cash flow positive. Trailing yield: 3.3%. Within top quartile of Japanese dividend payers (3.2%). In line with average of industry peers (3.5%). Reported Earnings • Feb 02
Third quarter 2024 earnings released: EPS: JP¥61.44 (vs JP¥60.84 in 3Q 2023) Third quarter 2024 results: EPS: JP¥61.44 (up from JP¥60.84 in 3Q 2023). Revenue: JP¥6.77b (down 2.3% from 3Q 2023). Net income: JP¥201.0m (up 1.0% from 3Q 2023). Profit margin: 3.0% (in line with 3Q 2023). 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 10% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to JP¥1,500, the stock trades at a trailing P/E ratio of 8.7x. Average trailing P/E is 10x in the Metals and Mining industry in Japan. Total returns to shareholders of 44% over the past three years. Duyuru • Dec 09
Kogi Corporation to Report Q3, 2024 Results on Jan 31, 2024 Kogi Corporation announced that they will report Q3, 2024 results on Jan 31, 2024 Reported Earnings • Nov 02
Second quarter 2024 earnings released: EPS: JP¥8.56 (vs JP¥12.22 in 2Q 2023) Second quarter 2024 results: EPS: JP¥8.56 (down from JP¥12.22 in 2Q 2023). Revenue: JP¥6.20b (down 5.9% from 2Q 2023). Net income: JP¥28.0m (down 30% from 2Q 2023). Profit margin: 0.5% (down from 0.6% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. New Risk • Nov 01
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 7.4% 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 (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (7.4% average weekly change). Earnings have declined by 23% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (JP¥3.88b market cap, or US$25.7m). Valuation Update With 7 Day Price Move • Nov 01
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥1,187, the stock trades at a trailing P/E ratio of 6.8x. Average trailing P/E is 9x in the Metals and Mining industry in Japan. Negligible returns to shareholders over past three years. Duyuru • Aug 27
Kogi Corporation to Report Q2, 2024 Results on Oct 31, 2023 Kogi Corporation announced that they will report Q2, 2024 results on Oct 31, 2023 New Risk • Aug 08
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 5.6% 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. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 23% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.6% average weekly change). Market cap is less than US$100m (JP¥4.53b market cap, or US$31.8m). Reported Earnings • Aug 01
First quarter 2024 earnings released: EPS: JP¥48.01 (vs JP¥15.13 in 1Q 2023) First quarter 2024 results: EPS: JP¥48.01 (up from JP¥15.13 in 1Q 2023). Revenue: JP¥6.38b (up 5.3% from 1Q 2023). Net income: JP¥157.0m (up 214% from 1Q 2023). Profit margin: 2.5% (up from 0.8% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 72% 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 28
Kogi Corporation to Report Q1, 2024 Results on Jul 31, 2023 Kogi Corporation announced that they will report Q1, 2024 results on Jul 31, 2023 Duyuru • May 13
Kogi Corporation, Annual General Meeting, Jun 28, 2023 Kogi Corporation, Annual General Meeting, Jun 28, 2023. Reported Earnings • May 12
Full year 2023 earnings released: EPS: JP¥142 (vs JP¥12.98 in FY 2022) Full year 2023 results: EPS: JP¥142 (up from JP¥12.98 in FY 2022). Revenue: JP¥26.7b (up 16% from FY 2022). Net income: JP¥466.0m (up JP¥423.0m from FY 2022). Profit margin: 1.7% (up from 0.2% 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 61% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥35.00 per share at 2.5% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 29 June 2023. Payout ratio is a comfortable 9.2% but the company is not cash flow positive. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (4.6%). Reported Earnings • Feb 01
Third quarter 2023 earnings released: EPS: JP¥60.83 (vs JP¥12.07 in 3Q 2022) Third quarter 2023 results: EPS: JP¥60.83 (up from JP¥12.07 in 3Q 2022). Revenue: JP¥6.92b (up 14% from 3Q 2022). Net income: JP¥199.0m (up 398% from 3Q 2022). Profit margin: 2.9% (up from 0.7% 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 19% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Duyuru • Dec 30
Kogi Corporation to Report Q3, 2023 Results on Jan 31, 2023 Kogi Corporation announced that they will report Q3, 2023 results on Jan 31, 2023 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 Outside Director Koji Matsuyama was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 02
Second quarter 2023 earnings released: EPS: JP¥12.22 (vs JP¥13.58 loss in 2Q 2022) Second quarter 2023 results: EPS: JP¥12.22 (up from JP¥13.58 loss in 2Q 2022). Revenue: JP¥6.59b (up 16% from 2Q 2022). Net income: JP¥40.0m (up JP¥85.0m from 2Q 2022). Profit margin: 0.6% (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 29% 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 • Sep 30
Kogi Corporation to Report Q2, 2023 Results on Oct 31, 2022 Kogi Corporation announced that they will report Q2, 2023 results on Oct 31, 2022 Reported Earnings • Jul 31
First quarter 2023 earnings released: EPS: JP¥15.13 (vs JP¥6.04 loss in 1Q 2022) First quarter 2023 results: EPS: JP¥15.13 (up from JP¥6.04 loss in 1Q 2022). Revenue: JP¥6.06b (up 23% from 1Q 2022). Net income: JP¥50.0m (up JP¥70.0m from 1Q 2022). Profit margin: 0.8% (up from net loss in 1Q 2022). The move to profitability 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 9% per year, which means it has not declined as severely as earnings. Duyuru • Jun 29
Kogi Corporation to Report Q1, 2023 Results on Jul 29, 2022 Kogi Corporation announced that they will report Q1, 2023 results on Jul 29, 2022 Reported Earnings • May 11
Full year 2022 earnings released: EPS: JP¥12.97 (vs JP¥86.00 in FY 2021) Full year 2022 results: EPS: JP¥12.97 (down from JP¥86.00 in FY 2021). Revenue: JP¥23.1b (up 28% from FY 2021). Net income: JP¥43.0m (down 85% from FY 2021). Profit margin: 0.2% (down from 1.6% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance. Board Change • Apr 27
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 Outside Director Koji Matsuyama was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Apr 08
Kogi Corporation to Report Fiscal Year 2022 Results on May 10, 2022 Kogi Corporation announced that they will report fiscal year 2022 results on May 10, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 28 June 2022. Payout ratio is a comfortable 35% but the company is paying out more than the cash it is generating. Trailing yield: 1.0%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (4.7%). Reported Earnings • Jan 30
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥12.07 (down from JP¥24.14 in 3Q 2021). Revenue: JP¥6.06b (up 37% from 3Q 2021). Net income: JP¥40.0m (down 50% from 3Q 2021). Profit margin: 0.7% (down from 1.8% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 62% 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. Valuation Update With 7 Day Price Move • Nov 18
Investor sentiment deteriorated over the past week After last week's 16% share price decline to JP¥1,069, the stock trades at a trailing P/E ratio of 15.5x. Average trailing P/E is 9x in the Metals and Mining industry in Japan. Total loss to shareholders of 25% over the past three years. Reported Earnings • Aug 03
First quarter 2022 earnings released: JP¥6.03 loss per share (vs JP¥4.53 profit in 1Q 2021) The company reported a soft first quarter result with weaker earnings and weaker control over costs, although revenues improved. First quarter 2022 results: Revenue: JP¥4.92b (up 16% from 1Q 2021). Net loss: JP¥20.0m (down 233% from profit in 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 50 percentage points per year, which is a significant difference in performance. Reported Earnings • May 12
Full year 2021 earnings released: EPS JP¥85.99 (vs JP¥30.78 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¥18.1b (down 15% from FY 2020). Net income: JP¥285.0m (up 179% from FY 2020). Profit margin: 1.6% (up from 0.5% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 47 percentage points per year, which is a significant difference in performance. Duyuru • Mar 04
Kogi Corporation to Report Fiscal Year 2021 Results on May 10, 2021 Kogi Corporation announced that they will report fiscal year 2021 results on May 10, 2021 Is New 90 Day High Low • Mar 03
New 90-day high: JP¥1,238 The company is up 1.0% from its price of JP¥1,226 on 03 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 Metals and Mining industry, which is up 16% over the same period. Reported Earnings • Feb 03
Third quarter 2021 earnings released: EPS JP¥24.13 (vs JP¥6.04 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: JP¥4.44b (down 11% from 3Q 2020). Net income: JP¥80.0m (up 300% from 3Q 2020). Profit margin: 1.8% (up from 0.4% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 64% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Dec 15
New 90-day low: JP¥1,175 The company is down 15% from its price of JP¥1,389 on 16 September 2020. The Japanese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 11% over the same period. Duyuru • Sep 03
Kogi Corporation to Report Q2, 2021 Results on Oct 30, 2020 Kogi Corporation announced that they will report Q2, 2021 results on Oct 30, 2020