Declared Dividend • Jul 25
Final dividend of JP¥65.00 announced Shareholders will receive a dividend of JP¥65.00. Ex-date: 29th September 2026 Payment date: 2nd December 2026 Dividend yield will be 5.4%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is covered by earnings (28% earnings payout ratio) but not adequately covered by cash flows (98% cash payout ratio). The dividend has increased by an average of 8.4% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 19% over the next 3 years. However, it would need to fall by 69% to increase the payout ratio to a potentially unsustainable range. Major Estimate Revision • Jul 09
Consensus EPS estimates increase by 27% The consensus outlook for fiscal year 2027 has been updated. 2027 EPS estimate increased from JP¥275 to JP¥348. Revenue forecast steady at JP¥325.5b. Net income forecast to shrink 26% next year vs 0.5% growth forecast for Metals and Mining industry in Japan . Consensus price target of JP¥3,000 unchanged from last update. Share price rose 2.0% to JP¥2,823 over the past week. Duyuru • Jun 27
Topy Industries, Limited to Report Q1, 2027 Results on Aug 04, 2026 Topy Industries, Limited announced that they will report Q1, 2027 results on Aug 04, 2026 Duyuru • May 23
Topy Industries, Limited (TSE:7231) agreed to acquire 10% stake in PT Pakoakuina. Topy Industries, Limited (TSE:7231) agreed to acquire 10% stake in PT Pakoakuina on May 22, 2026. Reported Earnings • May 13
Full year 2026 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2026 results: EPS: JP¥465 (up from JP¥281 in FY 2025). Revenue: JP¥297.8b (down 1.0% from FY 2025). Net income: JP¥10.2b (up 59% from FY 2025). Profit margin: 3.4% (up from 2.1% in FY 2025). Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) exceeded analyst estimates by 18%. Revenue is forecast to grow 6.6% p.a. on average during the next 2 years, compared to a 3.9% growth forecast for the Metals and Mining industry in Japan. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Duyuru • May 12
Topy Industries, Limited, Annual General Meeting, Jun 25, 2026 Topy Industries, Limited, Annual General Meeting, Jun 25, 2026. Duyuru • May 10
Topy Industries, Limited to Report Fiscal Year 2026 Results on May 12, 2026 Topy Industries, Limited announced that they will report fiscal year 2026 results at 12:00 PM, Tokyo Standard Time on May 12, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥90.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 08 June 2026. 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 (3.6%). Higher than average of industry peers (2.5%). Major Estimate Revision • Mar 19
Consensus EPS estimates increase by 36% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from JP¥290 to JP¥394. Revenue forecast unchanged at JP¥305.0b. Net income forecast to shrink 37% next year vs 11% growth forecast for Metals and Mining industry in Japan . Consensus price target up from JP¥2,680 to JP¥3,000. Share price fell 4.6% to JP¥3,100 over the past week. New Risk • Feb 07
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 5.0% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 5.0% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Declared Dividend • Dec 03
First half dividend of JP¥90.00 announced Shareholders will receive a dividend of JP¥90.00. Ex-date: 30th March 2026 Payment date: 8th June 2026 Dividend yield will be 4.4%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is well covered by both earnings (31% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 8.0% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 9.9% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Duyuru • Nov 29
Topy Industries, Limited to Report Q3, 2026 Results on Feb 06, 2026 Topy Industries, Limited announced that they will report Q3, 2026 results on Feb 06, 2026 Reported Earnings • Nov 07
Second quarter 2026 earnings released: EPS: JP¥67.47 (vs JP¥1.01 in 2Q 2025) Second quarter 2026 results: EPS: JP¥67.47 (up from JP¥1.01 in 2Q 2025). Revenue: JP¥71.8b (down 4.2% from 2Q 2025). Net income: JP¥1.48b (up JP¥1.45b from 2Q 2025). Profit margin: 2.1% (up from 0% in 2Q 2025). Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Metals and Mining industry in Japan. 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. Duyuru • Nov 05
Topy Industries, Limited (TSE:7231) announces an Equity Buyback for 160,000 shares, representing 0.73% for ¥500 million. Topy Industries, Limited (TSE:7231) announces a share repurchase program. Under the program, the company will repurchase up to 160,000 shares, representing 0.73% of its share capital for ¥500 million. The shares will be repurchased at ¥ 2,822 per share. The purpose of the program is to pursue a flexible capital policy in reaction to changes in the management environment. As of July 31, 2025, the company had 24,077,510 shares outstanding and 2,290,242 shares in treasury. Price Target Changed • Oct 09
Price target increased by 25% to JP¥2,680 Up from JP¥2,140, the current price target is provided by 1 analyst. New target price is 6.8% below last closing price of JP¥2,875. Stock is up 44% over the past year. The company is forecast to post earnings per share of JP¥290 for next year compared to JP¥281 last year. Duyuru • Sep 26
Topy Industries, Limited to Report Q2, 2026 Results on Nov 05, 2025 Topy Industries, Limited announced that they will report Q2, 2026 results on Nov 05, 2025 Reported Earnings • Aug 07
First quarter 2026 earnings released: EPS: JP¥45.66 (vs JP¥31.76 in 1Q 2025) First quarter 2026 results: EPS: JP¥45.66 (up from JP¥31.76 in 1Q 2025). Revenue: JP¥71.2b (down 3.3% from 1Q 2025). Net income: JP¥1.01b (up 39% from 1Q 2025). Profit margin: 1.4% (up from 1.0% in 1Q 2025). Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Metals and Mining industry in Japan. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Aug 05
Topy Industries, Limited (TSE:7231) announces an Equity Buyback for 400,000 shares, representing 1.66% for ¥1,126.8 million. Topy Industries, Limited (TSE:7231) announces a share repurchase program. Under the program, the company will repurchase up to 400,000 shares, representing 1.66% of it's share capital for ¥1,126.8 million. The shares will be repurchased at ¥2,817 per share. The purpose of the program is to pursue a flexible capital policy in reaction to changes in the management environment.. As of July 31, 2025, the company had 24,077,510 shares outstanding and 1,974,111 shares in treasury. Declared Dividend • Jul 09
Final dividend of JP¥40.00 announced Shareholders will receive a dividend of JP¥40.00. Ex-date: 29th September 2025 Payment date: 3rd December 2025 Dividend yield will be 4.7%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is covered by both earnings (57% earnings payout ratio) and cash flows (41% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 30% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jun 27
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: JP¥281 (up from JP¥205 in FY 2024). Revenue: JP¥300.6b (down 10.0% from FY 2024). Net income: JP¥6.39b (up 37% from FY 2024). Profit margin: 2.1% (up from 1.4% in FY 2024). Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 23%. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Metals and Mining industry in Japan. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Jun 04
Price target decreased by 19% to JP¥2,100 Down from JP¥2,600, the current price target is provided by 1 analyst. New target price is 9.4% below last closing price of JP¥2,319. Stock is down 4.0% over the past year. The company is forecast to post earnings per share of JP¥271 for next year compared to JP¥281 last year. Board Change • Jun 04
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 3 experienced directors. No highly experienced directors. Independent Outside Director Hiroko Kaneko is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Duyuru • Jun 03
Topy Industries, Limited to Report Q1, 2026 Results on Aug 05, 2025 Topy Industries, Limited announced that they will report Q1, 2026 results on Aug 05, 2025 Duyuru • May 09
Topy Industries, Limited, Annual General Meeting, Jun 24, 2025 Topy Industries, Limited, Annual General Meeting, Jun 24, 2025. Duyuru • Apr 01
Topy Industries, Limited to Report Fiscal Year 2025 Results on May 09, 2025 Topy Industries, Limited announced that they will report fiscal year 2025 results on May 09, 2025 Reported Earnings • Feb 05
Third quarter 2025 earnings released: EPS: JP¥130 (vs JP¥39.65 in 3Q 2024) Third quarter 2025 results: EPS: JP¥130 (up from JP¥39.65 in 3Q 2024). Revenue: JP¥74.5b (down 18% from 3Q 2024). Net income: JP¥2.98b (up 229% from 3Q 2024). Profit margin: 4.0% (up from 1.0% in 3Q 2024). Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 1.4% growth forecast for the Metals and Mining industry in Japan. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Feb 04
Topy Industries, Limited (TSE:7231) announces an Equity Buyback for 1,000,000 shares, representing 4.15% for ¥2,500 million. Topy Industries, Limited (TSE:7231) announces a share repurchase program. Under the program, the company will repurchase up to 1,000,000 shares, representing 4.15% of it's share capital for ¥2,500 million. The purpose of the program is to enable the execution flexible capital policy in reaction to changes in the management environment. The repurchase program is valid till February 12, 2025. As of January 31, 2025, the company had 24,077,510 shares outstanding and 1,176,312 shares in treasury. Major Estimate Revision • Jan 16
Consensus EPS estimates fall by 28% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from JP¥330.0b to JP¥297.0b. EPS estimate also fell from JP¥315 per share to JP¥228 per share. Net income forecast to grow 179% next year vs 14% growth forecast for Metals and Mining industry in Japan. Consensus price target down from JP¥2,600 to JP¥2,100. Share price was steady at JP¥1,959 over the past week. Declared Dividend • Dec 04
First half dividend of JP¥73.00 announced Dividend of JP¥73.00 is the same as last year. Ex-date: 28th March 2025 Payment date: 4th June 2025 Dividend yield will be 5.4%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is covered by both earnings (82% earnings payout ratio) and cash flows (19% cash payout ratio). The dividend has increased by an average of 18% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 122% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Duyuru • Dec 03
Topy Industries, Limited to Report Q3, 2025 Results on Feb 04, 2025 Topy Industries, Limited announced that they will report Q3, 2025 results on Feb 04, 2025 Reported Earnings • Nov 08
Second quarter 2025 earnings released: EPS: JP¥1.01 (vs JP¥72.16 in 2Q 2024) Second quarter 2025 results: EPS: JP¥1.01 (down from JP¥72.16 in 2Q 2024). Revenue: JP¥74.9b (down 11% from 2Q 2024). Net income: JP¥23.0m (down 99% from 2Q 2024). Profit margin: 0% (down from 2.0% in 2Q 2024). Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Metals and Mining industry in Japan. Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 19% per year. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 05 December 2024. Payout ratio is a comfortable 64% and this is well supported by cash flows. Trailing yield: 5.1%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (4.3%). Duyuru • Sep 03
Topy Industries, Limited to Report Q2, 2025 Results on Nov 06, 2024 Topy Industries, Limited announced that they will report Q2, 2025 results on Nov 06, 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 6.6% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.6% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.1% net profit margin). Reported Earnings • Aug 04
First quarter 2025 earnings released: EPS: JP¥31.76 (vs JP¥75.97 in 1Q 2024) First quarter 2025 results: EPS: JP¥31.76 (down from JP¥75.97 in 1Q 2024). Revenue: JP¥73.6b (down 9.7% from 1Q 2024). Net income: JP¥725.0m (down 58% from 1Q 2024). Profit margin: 1.0% (down from 2.1% in 1Q 2024). Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Metals and Mining industry in Japan. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Declared Dividend • Jul 11
Final dividend of JP¥30.00 announced Shareholders will receive a dividend of JP¥30.00. Ex-date: 27th September 2024 Payment date: 5th December 2024 Dividend yield will be 4.3%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is well covered by both earnings (38% earnings payout ratio) and cash flows (18% cash payout ratio). The dividend has increased by an average of 9.9% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 51% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jun 26
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: JP¥205 (down from JP¥277 in FY 2023). Revenue: JP¥334.0b (flat on FY 2023). Net income: JP¥4.68b (down 26% from FY 2023). Profit margin: 1.4% (down from 1.9% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 13%. Revenue is forecast to grow 9.1% p.a. on average during the next 2 years, compared to a 3.1% growth forecast for the Metals and Mining industry in Japan. 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 24% per year, which means it is significantly lagging earnings growth. Duyuru • Jun 10
Topy Industries, Limited to Report Q1, 2025 Results on Aug 02, 2024 Topy Industries, Limited announced that they will report Q1, 2025 results on Aug 02, 2024 Duyuru • May 18
Topy Industries, Limited Announces Year-Ended Dividend for the Fiscal Year 2023, Effective Date is June 4, 2024 Topy Industries, Limited at its board meeting held on May 17, 2024 to approve the dividend of surplus at record date of March 31, 2024. The year-ended dividend for the fiscal year 2023 is JPY 73.00 per share against JPY 68.00 per share paid a year ago. Effective Date is June 4, 2024. Source of Dividend is Retained Earning. Reported Earnings • May 13
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: JP¥205 (down from JP¥277 in FY 2023). Revenue: JP¥334.0b (flat on FY 2023). Net income: JP¥4.68b (down 26% from FY 2023). Profit margin: 1.4% (down from 1.9% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 13%. Revenue is forecast to grow 9.1% p.a. on average during the next 2 years, compared to a 3.3% growth forecast for the Metals and Mining industry in Japan. 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 23% per year, which means it is significantly lagging earnings growth. Duyuru • May 12
Topy Industries, Limited, Annual General Meeting, Jun 21, 2024 Topy Industries, Limited, Annual General Meeting, Jun 21, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥78.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 06 June 2024. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 3.6%. Within top quartile of Japanese dividend payers (3.2%). In line with average of industry peers (3.5%). Duyuru • Mar 09
Topy Industries, Limited to Report Fiscal Year 2024 Results on May 10, 2024 Topy Industries, Limited announced that they will report fiscal year 2024 results on May 10, 2024 Reported Earnings • Feb 08
Third quarter 2024 earnings released: EPS: JP¥39.65 (vs JP¥113 in 3Q 2023) Third quarter 2024 results: EPS: JP¥39.65 (down from JP¥113 in 3Q 2023). Revenue: JP¥90.3b (down 2.5% from 3Q 2023). Net income: JP¥905.0m (down 65% from 3Q 2023). Profit margin: 1.0% (down from 2.8% in 3Q 2023). Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Metals and Mining industry in Japan. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Duyuru • Dec 08
Topy Industries, Limited to Report Q3, 2024 Results on Feb 06, 2024 Topy Industries, Limited announced that they will report Q3, 2024 results on Feb 06, 2024 New Risk • Nov 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 Risk Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.6% average weekly change). Reported Earnings • Nov 08
Second quarter 2024 earnings released: EPS: JP¥72.15 (vs JP¥74.17 in 2Q 2023) Second quarter 2024 results: EPS: JP¥72.15 (down from JP¥74.17 in 2Q 2023). Revenue: JP¥84.4b (up 4.1% from 2Q 2023). Net income: JP¥1.65b (down 2.8% from 2Q 2023). Profit margin: 2.0% (down from 2.1% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 1.3% growth forecast for the Metals and Mining industry in Japan. Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥20.00 per share at 3.3% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 06 December 2023. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 3.3%. Within top quartile of Japanese dividend payers (3.3%). In line with average of industry peers (3.2%). Duyuru • Aug 30
Topy Industries, Limited to Report Q2, 2024 Results on Nov 07, 2023 Topy Industries, Limited announced that they will report Q2, 2024 results on Nov 07, 2023 Duyuru • Aug 10
Topy Industries, Limited Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2024 Topy Industries, Limited provided consolidated earnings guidance for the fiscal year ending March 31, 2024. For the year, the company expects net sales of JPY 342,000 million, operating profit of JPY 9,500 million, profit attributable to owners of parent of JPY 6,500 million and profit per share of JPY 284.77. Reported Earnings • Aug 09
First quarter 2024 earnings released: EPS: JP¥75.97 (vs JP¥16.91 in 1Q 2023) First quarter 2024 results: EPS: JP¥75.97 (up from JP¥16.91 in 1Q 2023). Revenue: JP¥81.5b (up 8.7% from 1Q 2023). Net income: JP¥1.73b (up 347% from 1Q 2023). Profit margin: 2.1% (up from 0.5% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Japan are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 115% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Duyuru • Jun 28
Topy Industries, Limited to Report Q1, 2024 Results on Aug 04, 2023 Topy Industries, Limited announced that they will report Q1, 2024 results on Aug 04, 2023 Duyuru • May 23
Topy Industries, Limited Provides Consolidated and Non-Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2024 Topy Industries, Limited provided consolidated and non-consolidated earnings guidance for the fiscal year ending March 31, 2024. For the year, on consolidated basis, the company expects net sales of JPY 342,000 million, operating profit of JPY 9,500 million, profit attributable to owners of parent of JPY 6,500 million and profit per share of JPY 284.77. For the year, on non-consolidated basis, the company expects net sales of JPY 226,000 million, operating profit of JPY 4,300 million, profit of JPY 4,100 million and profit per share of JPY 179.31. Duyuru • May 19
Topy Industries, Limited Revises Dividend Forecast for Year Ended March 31, 2023 Topy Industries, Limited will upwardly revise the dividend forecast to ¥68 per share for Year Ended March 31, 2023. As a result, the annual dividend forecast will be ¥88 per share. Duyuru • May 13
Topy Industries, Limited, Annual General Meeting, Jun 23, 2023 Topy Industries, Limited, Annual General Meeting, Jun 23, 2023. Reported Earnings • May 12
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2023 results: EPS: JP¥277 (up from JP¥16.59 in FY 2022). Revenue: JP¥334.5b (up 23% from FY 2022). Net income: JP¥6.32b (up JP¥5.94b from FY 2022). Profit margin: 1.9% (up from 0.1% in FY 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 5.8%. Earnings per share (EPS) exceeded analyst estimates by 15%. Revenue is forecast to grow 5.0% p.a. on average during the next 2 years, while revenues in the Metals and Mining industry in Japan are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 112% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥50.00 per share at 5.4% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 02 June 2023. Payout ratio is a comfortable 14% but the company is not cash flow positive. Trailing yield: 5.4%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (4.6%). Reported Earnings • Feb 10
Third quarter 2023 earnings released: EPS: JP¥113 (vs JP¥0.77 loss in 3Q 2022) Third quarter 2023 results: EPS: JP¥113 (up from JP¥0.77 loss in 3Q 2022). Revenue: JP¥92.7b (up 29% from 3Q 2022). Net income: JP¥2.58b (up JP¥2.60b from 3Q 2022). Profit margin: 2.8% (up from 0% in 3Q 2022). Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Japan are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Duyuru • Dec 24
Topy Industries, Limited to Report Q3, 2023 Results on Feb 07, 2023 Topy Industries, Limited announced that they will report Q3, 2023 results on Feb 07, 2023 Price Target Changed • Nov 16
Price target decreased to JP¥2,300 Down from JP¥3,500, the current price target is provided by 1 analyst. New target price is 34% above last closing price of JP¥1,715. Stock is up 56% over the past year. The company is forecast to post earnings per share of JP¥239 for next year compared to JP¥16.59 last year. Board Change • Nov 16
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 2 experienced directors. No highly experienced directors. Audit & Supervisory Board Member Yukihiro Ogawa is the most experienced director on the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Nov 10
Second quarter 2023 earnings released: EPS: JP¥74.16 (vs JP¥15.45 loss in 2Q 2022) Second quarter 2023 results: EPS: JP¥74.16 (up from JP¥15.45 loss in 2Q 2022). Revenue: JP¥81.1b (up 17% from 2Q 2022). Net income: JP¥1.69b (up JP¥2.05b from 2Q 2022). Profit margin: 2.1% (up from net loss in 2Q 2022). Revenue is forecast to grow 12% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Japan are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Duyuru • Sep 14
Topy Industries, Limited to Report Q2, 2023 Results on Nov 08, 2022 Topy Industries, Limited announced that they will report Q2, 2023 results on Nov 08, 2022 Reported Earnings • Aug 07
First quarter 2023 earnings released: EPS: JP¥16.91 (vs JP¥47.74 loss in 1Q 2022) First quarter 2023 results: EPS: JP¥16.91 (up from JP¥47.74 loss in 1Q 2022). Revenue: JP¥75.0b (up 35% from 1Q 2022). Net income: JP¥388.0m (up JP¥1.50b from 1Q 2022). Profit margin: 0.5% (up from net loss in 1Q 2022). Over the next year, revenue is forecast to grow 25%, compared to a 2,055% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 11% per year. Board Change • Aug 01
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 2 experienced directors. No highly experienced directors. Audit & Supervisory Board Member Yukihiro Ogawa is the most experienced director on the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Duyuru • Jun 08
Topy Industries, Limited (TSE:7231) announces an Equity Buyback for 160,000 shares, representing 0.69% for ¥226.24 million. Topy Industries, Limited (TSE:7231) announces a share repurchase program. Under the program, the company will repurchase up to 160,000 shares for ¥226.24 million. The shares will be purchased at a price of ¥1,414 per share. The purpose of the program is to enable the execution flexible capital policy in reaction to changes in the management environment. The repurchase program is valid till June 8, 2022. As of May 31, 2022, the company had 23,026,588 shares outstanding and 1,050,922 shares in treasury.