Reported Earnings • May 18
Full year 2026 earnings released: EPS: JP¥208 (vs JP¥260 in FY 2025) Full year 2026 results: EPS: JP¥208 (down from JP¥260 in FY 2025). Revenue: JP¥2.55b (up 2.7% from FY 2025). Net income: JP¥285.0m (down 20% from FY 2025). Profit margin: 11% (down from 14% in FY 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year and the company’s share price has also increased by 14% per year. Duyuru • May 13
Pulstec Industrial Co., Ltd., Annual General Meeting, Jun 19, 2026 Pulstec Industrial Co., Ltd., Annual General Meeting, Jun 19, 2026. Duyuru • May 10
Pulstec Industrial Co., Ltd. to Report Fiscal Year 2026 Results on May 13, 2026 Pulstec Industrial Co., Ltd. announced that they will report fiscal year 2026 results on May 13, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥80.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 23 June 2026. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 3.7%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%). Reported Earnings • Feb 08
Third quarter 2026 earnings released: EPS: JP¥65.04 (vs JP¥61.38 in 3Q 2025) Third quarter 2026 results: EPS: JP¥65.04 (up from JP¥61.38 in 3Q 2025). Revenue: JP¥591.0m (down 6.8% from 3Q 2025). Net income: JP¥89.0m (up 6.0% from 3Q 2025). Profit margin: 15% (up from 13% in 3Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 15% per year. Reported Earnings • Nov 15
Second quarter 2026 earnings released: EPS: JP¥65.05 (vs JP¥19.74 in 2Q 2025) Second quarter 2026 results: EPS: JP¥65.05 (up from JP¥19.74 in 2Q 2025). Revenue: JP¥646.0m (up 21% from 2Q 2025). Net income: JP¥89.0m (up 230% from 2Q 2025). Profit margin: 14% (up from 5.1% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 12% per year. Duyuru • Oct 23
Pulstec Industrial Co., Ltd. to Report Q2, 2026 Results on Nov 12, 2025 Pulstec Industrial Co., Ltd. announced that they will report Q2, 2026 results on Nov 12, 2025 New Risk • Aug 17
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 5.0% 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 Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.0% average weekly change). Market cap is less than US$100m (JP¥2.71b market cap, or US$18.4m). Reported Earnings • Aug 08
First quarter 2026 earnings released: JP¥13.89 loss per share (vs JP¥1.46 loss in 1Q 2025) First quarter 2026 results: JP¥13.89 loss per share (further deteriorated from JP¥1.46 loss in 1Q 2025). Revenue: JP¥395.0m (down 9.6% from 1Q 2025). Net loss: JP¥19.0m (loss widened JP¥17.0m from 1Q 2025). 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 9% per year. Duyuru • Jul 15
Pulstec Industrial Co., Ltd. to Report Q1, 2026 Results on Aug 06, 2025 Pulstec Industrial Co., Ltd. announced that they will report Q1, 2026 results on Aug 06, 2025 Reported Earnings • Jun 27
Full year 2025 earnings released: EPS: JP¥259 (vs JP¥239 in FY 2024) Full year 2025 results: EPS: JP¥259 (up from JP¥239 in FY 2024). Revenue: JP¥2.49b (down 4.8% from FY 2024). Net income: JP¥355.0m (up 8.6% from FY 2024). Profit margin: 14% (up from 13% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 6% per year. Reported Earnings • May 19
Full year 2025 earnings released: EPS: JP¥259 (vs JP¥239 in FY 2024) Full year 2025 results: EPS: JP¥259 (up from JP¥239 in FY 2024). Revenue: JP¥2.49b (down 4.8% from FY 2024). Net income: JP¥355.0m (up 8.6% from FY 2024). Profit margin: 14% (up from 13% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 3% per year and the company’s share price has also increased by 3% per year. Duyuru • May 14
Pulstec Industrial Co., Ltd., Annual General Meeting, Jun 20, 2025 Pulstec Industrial Co., Ltd., Annual General Meeting, Jun 20, 2025. Duyuru • Apr 09
Pulstec Industrial Co., Ltd. to Report Fiscal Year 2025 Results on May 14, 2025 Pulstec Industrial Co., Ltd. announced that they will report fiscal year 2025 results on May 14, 2025 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: 24 June 2025. Payout ratio is a comfortable 35% but the company is not cash flow positive. Trailing yield: 3.4%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.7%). Reported Earnings • Feb 08
Third quarter 2025 earnings released: EPS: JP¥61.38 (vs JP¥35.09 in 3Q 2024) Third quarter 2025 results: EPS: JP¥61.38 (up from JP¥35.09 in 3Q 2024). Revenue: JP¥634.0m (up 13% from 3Q 2024). Net income: JP¥84.0m (up 75% from 3Q 2024). Profit margin: 13% (up from 8.6% in 3Q 2024). 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 whereas the company’s share price has fallen by 1% per year. Duyuru • Jan 24
Pulstec Industrial Co., Ltd. to Report Q3, 2025 Results on Feb 07, 2025 Pulstec Industrial Co., Ltd. announced that they will report Q3, 2025 results on Feb 07, 2025 Duyuru • Oct 26
Pulstec Industrial Co., Ltd. to Report Q2, 2025 Results on Nov 13, 2024 Pulstec Industrial Co., Ltd. announced that they will report Q2, 2025 results on Nov 13, 2024 Reported Earnings • Aug 11
First quarter 2025 earnings released: JP¥1.46 loss per share (vs JP¥7.31 loss in 1Q 2024) First quarter 2025 results: JP¥1.46 loss per share (improved from JP¥7.31 loss in 1Q 2024). Revenue: JP¥437.0m (up 41% from 1Q 2024). Net loss: JP¥2.00m (loss narrowed 80% from 1Q 2024). Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 2% per year. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥1,630, the stock trades at a trailing P/E ratio of 6.8x. Average trailing P/E is 12x in the Electronic industry in Japan. Total returns to shareholders of 16% over the past three years. Duyuru • Jul 24
Pulstec Industrial Co., Ltd. to Report Q1, 2025 Results on Aug 07, 2024 Pulstec Industrial Co., Ltd. announced that they will report Q1, 2025 results on Aug 07, 2024 Reported Earnings • Jun 28
Full year 2024 earnings released: EPS: JP¥239 (vs JP¥177 in FY 2023) Full year 2024 results: EPS: JP¥239 (up from JP¥177 in FY 2023). Revenue: JP¥2.61b (up 6.7% from FY 2023). Net income: JP¥327.0m (up 35% from FY 2023). Profit margin: 13% (up from 9.9% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year and the company’s share price has also increased by 3% per year. Duyuru • May 15
Pulstec Industrial Co., Ltd., Annual General Meeting, Jun 21, 2024 Pulstec Industrial Co., Ltd., Annual General Meeting, Jun 21, 2024. Reported Earnings • May 13
Full year 2024 earnings released: EPS: JP¥239 (vs JP¥177 in FY 2023) Full year 2024 results: EPS: JP¥239 (up from JP¥177 in FY 2023). Revenue: JP¥2.61b (up 6.7% from FY 2023). Net income: JP¥327.0m (up 35% from FY 2023). Profit margin: 13% (up from 9.9% in FY 2023). The increase in margin 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 increased by 2% per year. Duyuru • Apr 24
Pulstec Industrial Co., Ltd. to Report Fiscal Year 2024 Results on May 10, 2024 Pulstec Industrial Co., Ltd. announced that they will report fiscal year 2024 results on May 10, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥55.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 26 June 2024. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 3.3%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.4%). Reported Earnings • Feb 11
Third quarter 2024 earnings released: EPS: JP¥35.07 (vs JP¥22.66 in 3Q 2023) Third quarter 2024 results: EPS: JP¥35.07 (up from JP¥22.66 in 3Q 2023). Revenue: JP¥560.0m (up 23% from 3Q 2023). Net income: JP¥48.0m (up 55% from 3Q 2023). Profit margin: 8.6% (up from 6.8% 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 10% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Duyuru • Feb 10
Pulstec Industrial Co., Ltd. to Report Q3, 2024 Results on Feb 09, 2024 Pulstec Industrial Co., Ltd. announced that they will report Q3, 2024 results on Feb 09, 2024 Reported Earnings • Nov 10
Second quarter 2024 earnings released: EPS: JP¥62.84 (vs JP¥73.10 in 2Q 2023) Second quarter 2024 results: EPS: JP¥62.84 (down from JP¥73.10 in 2Q 2023). Revenue: JP¥684.0m (down 16% from 2Q 2023). Net income: JP¥86.0m (down 14% from 2Q 2023). Profit margin: 13% (in line with 2Q 2023). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Duyuru • Oct 28
Pulstec Industrial Co., Ltd. to Report Q2, 2024 Results on Nov 08, 2023 Pulstec Industrial Co., Ltd. announced that they will report Q2, 2024 results on Nov 08, 2023 Reported Earnings • Aug 11
First quarter 2024 earnings released: JP¥7.31 loss per share (vs JP¥13.16 loss in 1Q 2023) First quarter 2024 results: JP¥7.31 loss per share (improved from JP¥13.16 loss in 1Q 2023). Revenue: JP¥309.0m (down 14% from 1Q 2023). Net loss: JP¥10.0m (loss narrowed 44% from 1Q 2023). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • May 18
Full year 2023 earnings released: EPS: JP¥177 (vs JP¥249 in FY 2022) Full year 2023 results: EPS: JP¥177 (down from JP¥249 in FY 2022). Revenue: JP¥2.45b (flat on FY 2022). Net income: JP¥242.0m (down 29% from FY 2022). Profit margin: 9.9% (down from 14% in FY 2022). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Duyuru • May 14
Pulstec Industrial Co., Ltd., Annual General Meeting, Jun 23, 2023 Pulstec Industrial Co., Ltd., Annual General Meeting, Jun 23, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥40.00 per share at 2.7% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 27 June 2023. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%). Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: JP¥22.64 (vs JP¥77.49 in 3Q 2022) Third quarter 2023 results: EPS: JP¥22.64 (down from JP¥77.49 in 3Q 2022). Revenue: JP¥455.0m (down 30% from 3Q 2022). Net income: JP¥31.0m (down 71% from 3Q 2022). Profit margin: 6.8% (down from 16% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Duyuru • Jan 22
Pulstec Industrial Co., Ltd. to Report Q3, 2023 Results on Feb 10, 2023 Pulstec Industrial Co., Ltd. announced that they will report Q3, 2023 results on Feb 10, 2023 Board Change • Nov 16
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. 4 experienced directors. 4 highly experienced directors. 1 independent director (4 non-independent directors). Independent Outside Director Ryo Takagai was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Duyuru • Oct 27
Pulstec Industrial Co., Ltd. to Report Q2, 2023 Results on Nov 09, 2022 Pulstec Industrial Co., Ltd. announced that they will report Q2, 2023 results on Nov 09, 2022 Reported Earnings • Aug 07
First quarter 2023 earnings released: JP¥13.15 loss per share (vs JP¥2.19 profit in 1Q 2022) First quarter 2023 results: JP¥13.15 loss per share (down from JP¥2.19 profit in 1Q 2022). Revenue: JP¥361.0m (down 16% from 1Q 2022). Net loss: JP¥18.0m (down JP¥21.0m from profit in 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 10% per year, which means it is performing significantly worse than earnings. Duyuru • Jul 24
Pulstec Industrial Co., Ltd. to Report Q1, 2023 Results on Aug 05, 2022 Pulstec Industrial Co., Ltd. announced that they will report Q1, 2023 results on Aug 05, 2022 Duyuru • May 15
Pulstec Industrial Co., Ltd., Annual General Meeting, Jun 24, 2022 Pulstec Industrial Co., Ltd., Annual General Meeting, Jun 24, 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. 4 experienced directors. 4 highly experienced directors. 1 independent director (4 non-independent directors). Independent Outside Director Ryo Takagai was the last independent director to join the board, commencing their role in 2016. 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 20
Pulstec Industrial Co., Ltd. to Report Fiscal Year 2022 Results on May 13, 2022 Pulstec Industrial Co., Ltd. announced that they will report fiscal year 2022 results on May 13, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥75.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 21 June 2022. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 4.4%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.3%). Reported Earnings • Feb 10
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥77.40 (up from JP¥10.23 in 3Q 2021). Revenue: JP¥651.0m (up 23% from 3Q 2021). Net income: JP¥106.0m (up JP¥92.0m from 3Q 2021). Profit margin: 16% (up from 2.6% in 3Q 2021). 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 fallen by 25% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Duyuru • Feb 02
Pulstec Industrial Co., Ltd. to Report Q3, 2022 Results on Feb 09, 2022 Pulstec Industrial Co., Ltd. announced that they will report Q3, 2022 results on Feb 09, 2022 Reported Earnings • Nov 11
Second quarter 2022 earnings released: EPS JP¥80.34 (vs JP¥6.58 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥679.0m (up 54% from 2Q 2021). Net income: JP¥110.0m (up JP¥101.0m from 2Q 2021). Profit margin: 16% (up from 2.0% in 2Q 2021). The increase in margin was driven by higher revenue. 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 6% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 05
First quarter 2022 earnings released: EPS JP¥2.19 (vs JP¥24.12 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥429.0m (up 27% from 1Q 2021). Net income: JP¥3.00m (up JP¥36.0m from 1Q 2021). Profit margin: 0.7% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 33% 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 24
Full year 2021 earnings released: EPS JP¥114 (vs JP¥160 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥2.09b (down 9.8% from FY 2020). Net income: JP¥156.0m (down 29% from FY 2020). Profit margin: 7.5% (down from 9.4% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Reported Earnings • May 14
Full year 2021 earnings released: EPS JP¥114 (vs JP¥160 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥2.09b (down 9.8% from FY 2020). Net income: JP¥156.0m (down 29% from FY 2020). Profit margin: 7.5% (down from 9.4% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥45.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 22 June 2021. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.1%). Reported Earnings • Feb 12
Third quarter 2021 earnings released: EPS JP¥10.22 (vs JP¥35.82 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: JP¥529.0m (up 11% from 3Q 2020). Net income: JP¥14.0m (down 71% from 3Q 2020). Profit margin: 2.6% (down from 10% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Feb 05
New 90-day high: JP¥1,854 The company is up 7.0% from its price of JP¥1,725 on 06 November 2020. The Japanese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 18% over the same period. Duyuru • Jan 24
Pulstec Industrial Co., Ltd. to Report Q3, 2021 Results on Feb 10, 2021 Pulstec Industrial Co., Ltd. announced that they will report Q3, 2021 results on Feb 10, 2021 Is New 90 Day High Low • Dec 04
New 90-day high: JP¥1,850 The company is up 15% from its price of JP¥1,615 on 04 September 2020. The Japanese market is up 10.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Electronic industry, which is up 21% over the same period. Duyuru • Oct 10
Pulstec Industrial Co., Ltd. to Report Q2, 2021 Results on Nov 11, 2020 Pulstec Industrial Co., Ltd. announced that they will report Q2, 2021 results on Nov 11, 2020 Duyuru • Aug 02
Pulstec Industrial Co., Ltd. to Report Q1, 2021 Results on Aug 05, 2020 Pulstec Industrial Co., Ltd. announced that they will report Q1, 2021 results on Aug 05, 2020