New Risk • 29m
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 26% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.8x net interest cover). Share price has been highly volatile over the past 3 months (16% average weekly change). Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (26% increase in shares outstanding). Duyuru • Jun 23
Nippon Chemi-Con Corporation to Report Q1, 2027 Results on Aug 07, 2026 Nippon Chemi-Con Corporation announced that they will report Q1, 2027 results on Aug 07, 2026 Major Estimate Revision • Jun 18
Consensus EPS estimates fall by 14% The consensus outlook for fiscal year 2027 has been updated. 2027 EPS estimate fell from JP¥141 to JP¥122 per share. Revenue forecast steady at JP¥155.0b. Net income forecast to grow 48% next year vs 7.5% growth forecast for Electronic industry in Japan. Consensus price target up from JP¥1,903 to JP¥2,777. Share price rose 31% to JP¥5,400 over the past week. Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥4,100, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 16x in the Electronic industry in Japan. Total returns to shareholders of 227% over the past three years. Major Estimate Revision • May 28
Consensus EPS estimates fall by 15%, revenue upgraded The consensus outlook for fiscal year 2027 has been updated. 2027 revenue forecast increased from JP¥147.8b to JP¥155.5b. EPS estimate fell from JP¥166 to JP¥141 per share. Net income forecast to grow 53% next year vs 5.5% growth forecast for Electronic industry in Japan. Consensus price target up from JP¥1,107 to JP¥1,903. Share price rose 50% to JP¥4,380 over the past week. Valuation Update With 7 Day Price Move • May 25
Investor sentiment improves as stock rises 38% After last week's 38% share price gain to JP¥4,065, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 18x in the Electronic industry in Japan. Total returns to shareholders of 210% over the past three years. Reported Earnings • May 18
Full year 2026 earnings: EPS misses analyst expectations Full year 2026 results: EPS: JP¥106 (up from JP¥1.73 in FY 2025). Revenue: JP¥136.8b (up 12% from FY 2025). Net income: JP¥2.37b (up JP¥2.33b from FY 2025). Profit margin: 1.7% (up from 0% in FY 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 22%. Revenue is forecast to grow 6.7% p.a. on average during the next 2 years, compared to a 7.8% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Duyuru • May 14
Nippon Chemi-Con Corporation, Annual General Meeting, Jun 26, 2026 Nippon Chemi-Con Corporation, Annual General Meeting, Jun 26, 2026. Valuation Update With 7 Day Price Move • Apr 30
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to JP¥2,660, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 17x in the Electronic industry in Japan. Total returns to shareholders of 30% over the past three years. Major Estimate Revision • Apr 23
Consensus EPS estimates increase by 79% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from JP¥76.59 to JP¥137. Revenue forecast steady at JP¥136.1b. Net income forecast to grow 202% next year vs 13% growth forecast for Electronic industry in Japan. Consensus price target of JP¥1,107 unchanged from last update. Share price was steady at JP¥2,282 over the past week. New Risk • Apr 15
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 9.4% 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 Interest payments are not well covered by earnings (2.5x net interest cover). Share price has been highly volatile over the past 3 months (9.4% average weekly change). Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥1,761, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 17x in the Electronic industry in Japan. Total loss to shareholders of 13% over the past three years. Duyuru • Mar 28
Nippon Chemi-Con Corporation announced that it expects to receive ¥9 billion in funding from Development Bank of Japan Inc. Nippon Chemi-Con Corporation announces private placement with Development Bank of Japan Inc. to issue 6,000 Class C Preferred Shares at a price of ¥1,000,000 per share for gross proceeds of ¥6,000,000,000 and 3,000 Class D preferred shares at a price of ¥1,000,000 for gross proceeds ¥3,000,000,000 for aggregate proceeds of ¥9,000,000,000 on March 27, 2026. Payment date is June 29, 2026. Estimated Issuance Expenses are ¥233,000,000. Duyuru • Mar 26
Nippon Chemi-Con Corporation to Report Fiscal Year 2026 Results on May 14, 2026 Nippon Chemi-Con Corporation announced that they will report fiscal year 2026 results at 3:30 PM, Tokyo Standard Time on May 14, 2026 Major Estimate Revision • Mar 23
Consensus EPS estimates fall by 11%, revenue upgraded The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from JP¥134.7b to JP¥136.4b. EPS estimate fell from JP¥86.23 to JP¥76.59 per share. Net income forecast to grow 189% next year vs 13% growth forecast for Electronic industry in Japan. Consensus price target up from JP¥1,027 to JP¥1,107. Share price fell 10% to JP¥1,376 over the past week. Price Target Changed • Mar 23
Price target increased by 7.8% to JP¥1,107 Up from JP¥1,027, the current price target is an average from 3 analysts. New target price is 20% below last closing price of JP¥1,376. Stock is up 51% over the past year. The company is forecast to post earnings per share of JP¥76.59 for next year compared to JP¥1.73 last year. Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥1,524, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 17x in the Electronic industry in Japan. Total loss to shareholders of 33% over the past three years. Reported Earnings • Feb 10
Third quarter 2026 earnings released: EPS: JP¥43.06 (vs JP¥3.04 loss in 3Q 2025) Third quarter 2026 results: EPS: JP¥43.06 (up from JP¥3.04 loss in 3Q 2025). Revenue: JP¥35.9b (up 16% from 3Q 2025). Net income: JP¥961.0m (up JP¥1.03b from 3Q 2025). Profit margin: 2.7% (up from net loss in 3Q 2025). The move to profitability was driven by higher revenue. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Duyuru • Dec 19
Nippon Chemi-Con Corporation to Report Q3, 2026 Results on Feb 09, 2026 Nippon Chemi-Con Corporation announced that they will report Q3, 2026 results on Feb 09, 2026 Reported Earnings • Nov 08
Second quarter 2026 earnings released: EPS: JP¥20.74 (vs JP¥17.47 loss in 2Q 2025) Second quarter 2026 results: EPS: JP¥20.74 (up from JP¥17.47 loss in 2Q 2025). Revenue: JP¥33.4b (up 9.0% from 2Q 2025). Net income: JP¥444.0m (up JP¥817.0m from 2Q 2025). Profit margin: 1.3% (up from net loss in 2Q 2025). Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Price Target Changed • Oct 16
Price target increased by 9.0% to JP¥953 Up from JP¥875, the current price target is an average from 3 analysts. New target price is 37% below last closing price of JP¥1,520. Stock is up 45% over the past year. The company is forecast to post earnings per share of JP¥84.27 for next year compared to JP¥1.73 last year. New Risk • Oct 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 7.7% 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. This is currently the only risk that has been identified for the company. Duyuru • Sep 11
Nippon Chemi-Con Corporation to Report Q2, 2026 Results on Nov 06, 2025 Nippon Chemi-Con Corporation announced that they will report Q2, 2026 results at 3:30 PM, Tokyo Standard Time on Nov 06, 2025 New Risk • Aug 22
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 5.7% 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. Reported Earnings • Aug 08
First quarter 2026 earnings released: JP¥8.21 loss per share (vs JP¥21.12 profit in 1Q 2025) First quarter 2026 results: JP¥8.21 loss per share (down from JP¥21.12 profit in 1Q 2025). Revenue: JP¥30.9b (up 5.4% from 1Q 2025). Net loss: JP¥175.0m (down 139% from profit in 1Q 2025). Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Major Estimate Revision • Jun 13
Consensus EPS estimates fall by 23% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from JP¥88.77 to JP¥68.74 per share. Revenue forecast steady at JP¥127.7b. Net income forecast to grow 5,281% next year vs 7.0% growth forecast for Electronic industry in Japan. Consensus price target of JP¥855 unchanged from last update. Share price was steady at JP¥1,101 over the past week. Duyuru • Jun 11
Nippon Chemi-Con Corporation to Report Q1, 2026 Results on Aug 06, 2025 Nippon Chemi-Con Corporation announced that they will report Q1, 2026 results on Aug 06, 2025 Major Estimate Revision • Jun 03
Consensus EPS estimates fall by 15% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from JP¥123 to JP¥105 per share. Revenue forecast steady at JP¥128.6b. Net income forecast to grow 7,799% next year vs 9.8% growth forecast for Electronic industry in Japan. Consensus price target of JP¥855 unchanged from last update. Share price rose 5.8% to JP¥1,106 over the past week. Major Estimate Revision • May 22
Consensus EPS estimates fall by 14% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from JP¥131.2b to JP¥129.5b. EPS estimate also fell from JP¥143 per share to JP¥123 per share. Net income forecast to grow 8,229% next year vs 9.8% growth forecast for Electronic industry in Japan. Consensus price target down from JP¥875 to JP¥855. Share price fell 6.7% to JP¥1,023 over the past week. Reported Earnings • May 15
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: JP¥1.73 (up from JP¥1,029 loss in FY 2024). Revenue: JP¥122.7b (down 19% from FY 2024). Net income: JP¥37.0m (up JP¥21.3b from FY 2024). Profit margin: 0% (up from net loss in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 96%. Revenue is forecast to grow 5.2% p.a. on average during the next 2 years, compared to a 6.3% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Duyuru • May 13
Nippon Chemi-Con Corporation, Annual General Meeting, Jun 27, 2025 Nippon Chemi-Con Corporation, Annual General Meeting, Jun 27, 2025. New Risk • Apr 07
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 7.9% 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 (14% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (7.9% average weekly change). Minor Risk Large one-off items impacting financial results. 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¥726, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 10x in the Electronic industry in Japan. Total loss to shareholders of 57% over the past three years. Duyuru • Mar 12
Nippon Chemi-Con Corporation to Report Fiscal Year 2025 Results on May 13, 2025 Nippon Chemi-Con Corporation announced that they will report fiscal year 2025 results on May 13, 2025 Valuation Update With 7 Day Price Move • Mar 10
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥968, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 12x in the Electronic industry in Japan. Total loss to shareholders of 38% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,823 per share. Reported Earnings • Feb 12
Third quarter 2025 earnings released: JP¥3.04 loss per share (vs JP¥30.70 profit in 3Q 2024) Third quarter 2025 results: JP¥3.04 loss per share (down from JP¥30.70 profit in 3Q 2024). Revenue: JP¥30.9b (down 13% from 3Q 2024). Net loss: JP¥65.0m (down 110% from profit in 3Q 2024). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Electronic industry in Japan. 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 23% per year, which means it is significantly lagging earnings. Major Estimate Revision • Feb 11
Consensus EPS estimates fall by 13% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from JP¥126.1b to JP¥122.7b. EPS estimate also fell from JP¥125 per share to JP¥108 per share. Net income forecast to grow 86% next year vs 11% growth forecast for Electronic industry in Japan. Consensus price target down from JP¥997 to JP¥875. Share price rose 6.4% to JP¥1,049 over the past week. Duyuru • Dec 13
Nippon Chemi-Con Corporation to Report Q3, 2025 Results on Feb 10, 2025 Nippon Chemi-Con Corporation announced that they will report Q3, 2025 results on Feb 10, 2025 Reported Earnings • Nov 08
Second quarter 2025 earnings: EPS and revenues miss analyst expectations Second quarter 2025 results: JP¥17.47 loss per share (improved from JP¥442 loss in 2Q 2024). Revenue: JP¥30.6b (down 22% from 2Q 2024). Net loss: JP¥373.0m (loss narrowed 96% from 2Q 2024). Revenue missed analyst estimates by 2.9%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 17% per year. New Risk • Nov 08
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. 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 Risk Shareholders have been diluted in the past year (5.3% increase in shares outstanding). Board Change • Nov 05
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. 4 experienced directors. No highly experienced directors. President, CEO & Representative Director Norio Kamiyama is the most experienced director on the board, commencing their role in 2018. 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 • Sep 12
Nippon Chemi-Con Corporation to Report Q2, 2025 Results on Nov 05, 2024 Nippon Chemi-Con Corporation announced that they will report Q2, 2025 results on Nov 05, 2024 Price Target Changed • Aug 08
Price target decreased by 13% to JP¥1,290 Down from JP¥1,483, the current price target is an average from 3 analysts. New target price is 15% above last closing price of JP¥1,118. Stock is down 21% over the past year. The company is forecast to post earnings per share of JP¥294 next year compared to a net loss per share of JP¥1,029 last year. New Risk • Jun 25
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 5.5% 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: Minor Risks Share price has been volatile over the past 3 months (5.5% average weekly change). Shareholders have been diluted in the past year (5.3% increase in shares outstanding). Duyuru • Jun 14
Nippon Chemi-Con Corporation to Report Q1, 2025 Results on Aug 07, 2024 Nippon Chemi-Con Corporation announced that they will report Q1, 2025 results at 3:00 PM, Tokyo Standard Time on Aug 07, 2024 Reported Earnings • May 12
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: JP¥1,029 loss per share (down from JP¥112 profit in FY 2023). Revenue: JP¥150.7b (down 6.9% from FY 2023). Net loss: JP¥21.3b (down JP¥23.6b from profit in FY 2023). Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) also missed analyst estimates by 8.9%. Revenue is forecast to grow 4.0% p.a. on average during the next 2 years, compared to a 7.1% growth forecast for the Electronic industry in Japan. 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 8% per year, which means it has not declined as severely as earnings. Duyuru • May 12
Nippon Chemi-Con Corporation, Annual General Meeting, Jun 27, 2024 Nippon Chemi-Con Corporation, Annual General Meeting, Jun 27, 2024. Duyuru • Mar 16
Nippon Chemi-Con Corporation to Report Fiscal Year 2024 Results on May 10, 2024 Nippon Chemi-Con Corporation announced that they will report fiscal year 2024 results on May 10, 2024 Reported Earnings • Feb 09
Third quarter 2024 earnings released: EPS: JP¥30.70 (vs JP¥127 in 3Q 2023) Third quarter 2024 results: EPS: JP¥30.70 (down from JP¥127 in 3Q 2023). Revenue: JP¥35.7b (down 17% from 3Q 2023). Net income: JP¥640.0m (down 75% from 3Q 2023). Profit margin: 1.8% (down from 6.0% in 3Q 2023). Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has fallen by 59% 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. Price Target Changed • Dec 16
Price target decreased by 15% to JP¥1,365 Down from JP¥1,610, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of JP¥1,320. Stock is down 22% over the past year. The company is forecast to post a net loss per share of JP¥907 compared to earnings per share of JP¥112 last year. Duyuru • Dec 10
Nippon Chemi-Con Corporation to Report Q3, 2024 Results on Feb 07, 2024 Nippon Chemi-Con Corporation announced that they will report Q3, 2024 results on Feb 07, 2024 New Risk • Nov 16
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 8.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Less than 1 year of cash runway based on current free cash flow (-JP¥29b). Share price has been volatile over the past 3 months (7.3% average weekly change). Shareholders have been diluted in the past year (8.0% increase in shares outstanding). New Risk • Nov 11
New minor risk - Financial position The company has less than a year of cash runway based on its current free cash flow. Free cash flow: -JP¥29b This is considered a minor risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Minor Risks Less than 1 year of cash runway based on current free cash flow (-JP¥29b). Share price has been volatile over the past 3 months (7.3% average weekly change). Reported Earnings • Nov 09
Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2024 results: JP¥442 loss per share (down from JP¥87.14 profit in 2Q 2023). Revenue: JP¥39.2b (up 1.6% from 2Q 2023). Net loss: JP¥8.95b (down JP¥10.7b from profit in 2Q 2023). Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) exceeded analyst estimates by 5.1%. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has fallen by 46% 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. Major Estimate Revision • Oct 20
Consensus EPS estimates fall by 76% The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -JP¥576 to -JP¥1,011 per share. Revenue forecast of JP¥165.5b unchanged since last update. Electronic industry in Japan expected to see average net income growth of 5.3% next year. Consensus price target of JP¥1,700 unchanged from last update. Share price fell 4.1% to JP¥1,295 over the past week. New Risk • Oct 11
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 6.7% 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. Duyuru • Sep 15
Nippon Chemi-Con Corporation to Report Q2, 2024 Results on Nov 08, 2023 Nippon Chemi-Con Corporation announced that they will report Q2, 2024 results at 3:00 PM, Tokyo Standard Time on Nov 08, 2023 Major Estimate Revision • Sep 05
Consensus EPS estimates fall by 108% The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -JP¥259 to -JP¥538 per share. Revenue forecast unchanged at JP¥161.1b. Electronic industry in Japan expected to see average net income growth of 5.4% next year. Consensus price target of JP¥1,650 unchanged from last update. Share price rose 2.6% to JP¥1,445 over the past week. Duyuru • Aug 23
Nippon Chemi-Con Corporation and United Chemi-Con, Inc. Proposes Settlement Totaling CAD $21.3M Reached in Electrolytic & Film Capacitor Class Actions proposed national settlement totaling CAD 21,300,000 for the benefit of class members has been reached in class actions alleging price fixing and related conduct on behalf of Canadians who purchased electrolytic and film capacitors and products containing electrolytic and film capacitors. Nippon Chemi-Con Corporation and United Chemi-Con, Inc. (collectively the "Settling Defendants") have collectively agreed to pay CAD 20,900,000 for the benefit of Electrolytic Settlement Class Members, and CAD 400,000 for the benefit of Film Settlement Class Members. To be a member of these class actions, one must have purchased an aluminum and tantalum electrolytic capacitor or a product containing an aluminum and tantalum electrolytic capacitor between September 1, 1997 and December 31, 2014 or have purchased a film capacitor or a product containing a film capacitor between January 1, 2002 and December 31, 2014. In addition, the Settling Defendants have agreed to provide cooperation to the plaintiffs in pursuing their claims against the non-settling defendants. The settlements are not admissions of liability, fault, or wrongdoing, but are compromises of disputed claims. The settlements must be approved by the courts before they become effective. Because the class actions are still ongoing and other settlements may be reached, the settlement amounts will not be distributed to class members at this time. A process for the payment of claims to class members, which is subject to court approval and will be on further notice to the class, will be put in place later. Reported Earnings • Aug 04
First quarter 2024 earnings released: JP¥682 loss per share (vs JP¥112 loss in 1Q 2023) First quarter 2024 results: JP¥682 loss per share (further deteriorated from JP¥112 loss in 1Q 2023). Revenue: JP¥41.1b (up 7.0% from 1Q 2023). Net loss: JP¥13.8b (loss widened JP¥11.5b from 1Q 2023). Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Duyuru • Jun 21
Nippon Chemi-Con Corporation to Report Q1, 2024 Results on Aug 03, 2023 Nippon Chemi-Con Corporation announced that they will report Q1, 2024 results at 3:00 PM, Tokyo Standard Time on Aug 03, 2023 Price Target Changed • May 24
Price target decreased by 8.1% to JP¥2,067 Down from JP¥2,250, the current price target is an average from 3 analysts. New target price is 37% above last closing price of JP¥1,511. Stock is down 11% over the past year. The company is forecast to post earnings per share of JP¥336 for next year compared to JP¥112 last year. Valuation Update With 7 Day Price Move • May 24
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to JP¥1,511, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 12x in the Electronic industry in Japan. Total loss to shareholders of 5.6% over the past three years. Duyuru • May 12
Nippon Chemi-Con Corporation, Annual General Meeting, Jun 29, 2023 Nippon Chemi-Con Corporation, Annual General Meeting, Jun 29, 2023. Reported Earnings • May 12
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: JP¥112 (up from JP¥598 loss in FY 2022). Revenue: JP¥161.9b (up 15% from FY 2022). Net income: JP¥2.27b (up JP¥14.4b from FY 2022). Profit margin: 1.4% (up from net loss in FY 2022). Revenue exceeded analyst estimates by 3.9%. Earnings per share (EPS) missed analyst estimates by 39%. Revenue is forecast to grow 1.3% p.a. on average during the next 2 years, compared to a 6.6% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Reported Earnings • Feb 08
Third quarter 2023 earnings released: EPS: JP¥127 (vs JP¥797 loss in 3Q 2022) Third quarter 2023 results: EPS: JP¥127 (up from JP¥797 loss in 3Q 2022). Revenue: JP¥42.9b (up 19% from 3Q 2022). Net income: JP¥2.57b (up JP¥18.7b from 3Q 2022). Profit margin: 6.0% (up from net loss in 3Q 2022). Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Duyuru • Dec 21
Nippon Chemi-Con Corporation to Report Q3, 2023 Results on Feb 06, 2023 Nippon Chemi-Con Corporation announced that they will report Q3, 2023 results on Feb 06, 2023 Board Change • Nov 16
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 6 new directors. 3 experienced directors. 1 highly experienced director. 2 independent directors (4 non-independent directors). Sr. Managing Exec. Officer, CQO, Div. Manager-Quality Assurance HQ & Production Sys. HQ & Director Yoshifumi Minegishi is the most experienced director on the board, commencing their role in 2014. Outside Independent Audit & Supervisory Board Member Masaaki Doi 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. Lack of experienced directors. Reported Earnings • Nov 09
Second quarter 2023 earnings: EPS and revenues miss analyst expectations Second quarter 2023 results: EPS: JP¥87.14 (up from JP¥48.57 in 2Q 2022). Revenue: JP¥38.6b (up 17% from 2Q 2022). Net income: JP¥1.77b (up 79% from 2Q 2022). Profit margin: 4.6% (up from 3.0% in 2Q 2022). Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has fallen by 46% 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. Reported Earnings • Aug 05
First quarter 2023 earnings released: JP¥112 loss per share (vs JP¥74.56 profit in 1Q 2022) First quarter 2023 results: JP¥112 loss per share (down from JP¥74.56 profit in 1Q 2022). Revenue: JP¥38.4b (up 15% from 1Q 2022). Net loss: JP¥2.28b (down 251% from profit in 1Q 2022). Over the next year, revenue is forecast to grow 5.4%, compared to a 9.5% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Reported Earnings • May 11
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: JP¥598 loss per share (down from JP¥115 profit in FY 2021). Revenue: JP¥140.3b (up 27% from FY 2021). Net loss: JP¥12.1b (down JP¥14.2b from profit in FY 2021). Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) also surpassed analyst estimates by 3.4%. Over the next year, revenue is forecast to grow 3.0%, compared to a 8.4% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Price Target Changed • Apr 27
Price target decreased to JP¥2,138 Down from JP¥2,363, the current price target is an average from 5 analysts. New target price is 23% above last closing price of JP¥1,735. Stock is down 1.8% over the past year. The company is forecast to post a net loss per share of JP¥619 compared to earnings per share of JP¥115 last year. Board Change • Apr 27
Less than half of directors are independent There are 6 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: 6 new directors. 4 experienced directors. No highly experienced directors. 2 independent directors (4 non-independent directors). Sr. Managing Exec. Officer, CQO, Div. Manager-Quality Assurance HQ & Production Sys. HQ & Director Yoshifumi Minegishi is the most experienced director on the board, commencing their role in 2014. Independent Outside Director Suzuko Miyata was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Price Target Changed • Apr 20
Price target decreased to JP¥2,138 Down from JP¥2,363, the current price target is an average from 5 analysts. New target price is 16% above last closing price of JP¥1,847. Stock is up 12% over the past year. The company is forecast to post a net loss per share of JP¥619 compared to earnings per share of JP¥115 last year. Reported Earnings • Feb 04
Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2022 results: JP¥797 loss per share (down from JP¥38.10 profit in 3Q 2021). Revenue: JP¥36.0b (up 30% from 3Q 2021). Net loss: JP¥16.2b (down JP¥16.9b from profit in 3Q 2021). Revenue exceeded analyst estimates by 9.0%. Earnings per share (EPS) missed analyst estimates. Over the next year, revenue is forecast to grow 3.3%, compared to a 7.7% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Price Target Changed • Feb 03
Price target decreased to JP¥2,280 Down from JP¥2,460, the current price target is an average from 6 analysts. New target price is 38% above last closing price of JP¥1,652. Stock is down 4.7% over the past year. The company is forecast to post a net loss per share of JP¥625 compared to earnings per share of JP¥115 last year. Major Estimate Revision • Jan 19
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 expected loss increased from -JP¥37.68 to -JP¥625 per share. Revenue forecast unchanged at JP¥131.8b. Electronic industry in Japan expected to see average net income growth of 11% next year. Consensus price target down from JP¥2,460 to JP¥2,370. Share price fell 4.9% to JP¥1,725 over the past week. Price Target Changed • Dec 17
Price target decreased to JP¥2,460 Down from JP¥2,720, the current price target is an average from 6 analysts. New target price is 41% above last closing price of JP¥1,747. Stock is down 7.9% over the past year. The company is forecast to post earnings per share of JP¥231 for next year compared to JP¥115 last year. Reported Earnings • Nov 05
Second quarter 2022 earnings released: EPS JP¥48.57 (vs JP¥28.16 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥33.1b (up 17% from 2Q 2021). Net income: JP¥985.0m (up 115% from 2Q 2021). Profit margin: 3.0% (up from 1.6% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Price Target Changed • Aug 20
Price target increased to JP¥2,760 Up from JP¥2,570, the current price target is an average from 6 analysts. New target price is 43% above last closing price of JP¥1,929. Stock is up 16% over the past year. Reported Earnings • Aug 11
First quarter 2022 earnings released: EPS JP¥74.55 (vs JP¥37.65 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¥33.4b (up 40% from 1Q 2021). Net income: JP¥1.51b (up JP¥2.13b from 1Q 2021). Profit margin: 4.5% (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 increased by 88% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Aug 10
Investor sentiment deteriorated over the past week After last week's 15% share price decline to JP¥2,241, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 13x in the Electronic industry in Japan. Total loss to shareholders of 37% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥3,188 per share. Price Target Changed • Jul 09
Price target increased to JP¥2,570 Up from JP¥2,225, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of JP¥2,542. Stock is up 37% over the past year. Major Estimate Revision • Jul 09
Consensus EPS estimates increase to JP¥212 The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from JP¥119.9b to JP¥122.8b. EPS estimate increased from JP¥192 to JP¥212 per share. Net income forecast to grow 109% next year vs 24% growth forecast for Electronic industry in Japan. Consensus price target up from JP¥2,225 to JP¥2,570. Share price was steady at JP¥2,542 over the past week. 