Duyuru • Jun 13
Rikei Corporation to Report Q1, 2027 Results on Aug 07, 2026 Rikei Corporation announced that they will report Q1, 2027 results on Aug 07, 2026 Valuation Update With 7 Day Price Move • May 29
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥444, the stock trades at a trailing P/E ratio of 9x. Average trailing P/E is 16x in the Electronic industry in Japan. Total returns to shareholders of 105% over the past three years. Reported Earnings • May 16
Full year 2026 earnings released: EPS: JP¥49.34 (vs JP¥43.72 in FY 2025) Full year 2026 results: EPS: JP¥49.34 (up from JP¥43.72 in FY 2025). Revenue: JP¥19.5b (up 4.3% from FY 2025). Net income: JP¥746.0m (up 13% from FY 2025). Profit margin: 3.8% (up from 3.5% in FY 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. New Risk • May 14
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 1.7% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. 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 (7.3% average weekly change). Market cap is less than US$100m (JP¥7.08b market cap, or US$44.8m). Valuation Update With 7 Day Price Move • May 14
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥405, the stock trades at a trailing P/E ratio of 10.5x. Average trailing P/E is 17x in the Electronic industry in Japan. Total returns to shareholders of 79% over the past three years. Duyuru • May 13
Rikei Corporation, Annual General Meeting, Jun 26, 2026 Rikei Corporation, Annual General Meeting, Jun 26, 2026. Duyuru • May 10
Rikei Corporation to Report Fiscal Year 2026 Results on May 13, 2026 Rikei Corporation announced that they will report fiscal year 2026 results at 3:00 PM, Tokyo Standard Time on May 13, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥7.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 30 June 2026. Payout ratio is a comfortable 16% but the company is not cash flow positive. Trailing yield: 1.5%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (1.6%). Reported Earnings • Feb 10
Third quarter 2026 earnings released: JP¥5.03 loss per share (vs JP¥3.04 profit in 3Q 2025) Third quarter 2026 results: JP¥5.03 loss per share (down from JP¥3.04 profit in 3Q 2025). Revenue: JP¥3.47b (down 17% from 3Q 2025). Net loss: JP¥76.0m (down 265% from profit in 3Q 2025). Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. Duyuru • Dec 05
Rikei Corporation to Report Q3, 2026 Results on Feb 09, 2026 Rikei Corporation announced that they will report Q3, 2026 results on Feb 09, 2026 Reported Earnings • Nov 12
Second quarter 2026 earnings released: EPS: JP¥8.40 (vs JP¥10.32 in 2Q 2025) Second quarter 2026 results: EPS: JP¥8.40 (down from JP¥10.32 in 2Q 2025). Revenue: JP¥3.64b (down 16% from 2Q 2025). Net income: JP¥127.0m (down 19% from 2Q 2025). Profit margin: 3.5% (in line with 2Q 2025). Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 23
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥541, the stock trades at a trailing P/E ratio of 11.2x. Average trailing P/E is 15x in the Electronic industry in Japan. Total returns to shareholders of 109% over the past three years. New Risk • Oct 20
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 5.4% 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 (5.4% average weekly change). Market cap is less than US$100m (JP¥6.88b market cap, or US$45.7m). Duyuru • Sep 21
Rikei Corporation to Report Q2, 2026 Results on Nov 10, 2025 Rikei Corporation announced that they will report Q2, 2026 results on Nov 10, 2025 Reported Earnings • Aug 10
First quarter 2026 earnings released: EPS: JP¥5.49 (vs JP¥0.73 in 1Q 2025) First quarter 2026 results: EPS: JP¥5.49 (up from JP¥0.73 in 1Q 2025). Revenue: JP¥6.16b (up 16% from 1Q 2025). Net income: JP¥83.0m (up JP¥72.0m from 1Q 2025). Profit margin: 1.3% (up from 0.2% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Duyuru • Jun 18
Rikei Corporation to Report Q1, 2026 Results on Aug 08, 2025 Rikei Corporation announced that they will report Q1, 2026 results on Aug 08, 2025 New Risk • Jun 10
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 9.3% 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 Share price has been highly volatile over the past 3 months (9.3% average weekly change). High level of non-cash earnings (21% accrual ratio). Minor Risk Market cap is less than US$100m (JP¥5.47b market cap, or US$37.8m). New Risk • Jun 09
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 1.9% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (21% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (9.3% average weekly change). Market cap is less than US$100m (JP¥5.67b market cap, or US$39.3m). Reported Earnings • May 14
Full year 2025 earnings released: EPS: JP¥43.72 (vs JP¥25.27 in FY 2024) Full year 2025 results: EPS: JP¥43.72 (up from JP¥25.27 in FY 2024). Revenue: JP¥18.7b (up 54% from FY 2024). Net income: JP¥661.0m (up 73% from FY 2024). Profit margin: 3.5% (up from 3.1% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Duyuru • May 12
Rikei Corporation, Annual General Meeting, Jun 27, 2025 Rikei Corporation, Annual General Meeting, Jun 27, 2025. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥309, the stock trades at a trailing P/E ratio of 7.4x. Average trailing P/E is 12x in the Electronic industry in Japan. Total returns to shareholders of 16% over the past three years. Duyuru • Mar 27
Rikei Corporation to Report Fiscal Year 2025 Results on May 12, 2025 Rikei Corporation announced that they will report fiscal year 2025 results on May 12, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 30 June 2025. Payout ratio is a comfortable 12% but the company is not cash flow positive. Trailing yield: 1.4%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (1.7%). New Risk • Mar 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 5.4% 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 (5.4% average weekly change). Market cap is less than US$100m (JP¥5.52b market cap, or US$37.2m). Reported Earnings • Feb 12
Third quarter 2025 earnings released: EPS: JP¥3.04 (vs JP¥2.32 in 3Q 2024) Third quarter 2025 results: EPS: JP¥3.04 (up from JP¥2.32 in 3Q 2024). Revenue: JP¥4.19b (up 56% from 3Q 2024). Net income: JP¥46.0m (up 31% from 3Q 2024). Profit margin: 1.1% (down from 1.3% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Duyuru • Dec 07
Rikei Corporation to Report Q3, 2025 Results on Feb 10, 2025 Rikei Corporation announced that they will report Q3, 2025 results on Feb 10, 2025 Reported Earnings • Nov 14
Second quarter 2025 earnings released: EPS: JP¥10.32 (vs JP¥1.19 in 2Q 2024) Second quarter 2025 results: EPS: JP¥10.32 (up from JP¥1.19 in 2Q 2024). Revenue: JP¥4.33b (up 81% from 2Q 2024). Net income: JP¥156.0m (up JP¥138.0m from 2Q 2024). Profit margin: 3.6% (up from 0.8% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Oct 02
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥350, the stock trades at a trailing P/E ratio of 10.9x. Average trailing P/E is 12x in the Electronic industry in Japan. Total returns to shareholders of 58% over the past three years. New Risk • Sep 17
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risk Market cap is less than US$100m (JP¥4.35b market cap, or US$31.0m). Duyuru • Sep 07
Rikei Corporation to Report Q2, 2025 Results on Nov 11, 2024 Rikei Corporation announced that they will report Q2, 2025 results on Nov 11, 2024 Reported Earnings • Aug 11
First quarter 2025 earnings released: EPS: JP¥0.73 (vs JP¥6.09 loss in 1Q 2024) First quarter 2025 results: EPS: JP¥0.73 (up from JP¥6.09 loss in 1Q 2024). Revenue: JP¥5.29b (up 106% from 1Q 2024). Net income: JP¥11.0m (up JP¥103.0m from 1Q 2024). Profit margin: 0.2% (up from net loss in 1Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 33% After last week's 33% share price decline to JP¥208, the stock trades at a trailing P/E ratio of 8.2x. Average trailing P/E is 12x in the Electronic industry in Japan. Total returns to shareholders of 2.7% over the past three years. New Risk • Jun 04
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.0% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). High level of non-cash earnings (39% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (JP¥3.81b market cap, or US$24.4m). Reported Earnings • May 16
Full year 2024 earnings released: EPS: JP¥25.27 (vs JP¥4.37 in FY 2023) Full year 2024 results: EPS: JP¥25.27 (up from JP¥4.37 in FY 2023). Revenue: JP¥12.1b (up 18% from FY 2023). Net income: JP¥382.0m (up 479% from FY 2023). Profit margin: 3.1% (up from 0.6% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Duyuru • May 15
Rikei Corporation, Annual General Meeting, Jun 27, 2024 Rikei Corporation, Annual General Meeting, Jun 27, 2024. Duyuru • Mar 24
Rikei Corporation to Report Fiscal Year 2024 Results on May 13, 2024 Rikei Corporation announced that they will report fiscal year 2024 results on May 13, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 21% but the company is not cash flow positive. Trailing yield: 1.0%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (1.4%). Valuation Update With 7 Day Price Move • Mar 18
Investor sentiment improves as stock rises 34% After last week's 34% share price gain to JP¥316, the stock trades at a trailing P/E ratio of 22.5x. Average trailing P/E is 14x in the Electronic industry in Japan. Total returns to shareholders of 54% over the past three years. Reported Earnings • Feb 11
Third quarter 2024 earnings released: EPS: JP¥2.32 (vs JP¥10.91 loss in 3Q 2023) Third quarter 2024 results: EPS: JP¥2.32 (up from JP¥10.91 loss in 3Q 2023). Revenue: JP¥2.68b (up 22% from 3Q 2023). Net income: JP¥35.0m (up JP¥200.0m from 3Q 2023). Profit margin: 1.3% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Duyuru • Dec 17
Rikei Corporation to Report Q3, 2024 Results on Feb 09, 2024 Rikei Corporation announced that they will report Q3, 2024 results on Feb 09, 2024 New Risk • Nov 11
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 24% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (24% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (0.1% net profit margin). Market cap is less than US$100m (JP¥3.40b market cap, or US$22.4m). New Risk • Nov 10
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.1% Last year net profit margin: 1.5% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.1% net profit margin). Market cap is less than US$100m (JP¥3.40b market cap, or US$22.5m). Reported Earnings • Nov 10
Second quarter 2024 earnings released: EPS: JP¥1.19 (vs JP¥8.14 in 2Q 2023) Second quarter 2024 results: EPS: JP¥1.19 (down from JP¥8.14 in 2Q 2023). Revenue: JP¥2.39b (down 8.2% from 2Q 2023). Net income: JP¥18.0m (down 85% from 2Q 2023). Profit margin: 0.8% (down from 4.7% in 2Q 2023). 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 1% per year, which means it is well ahead of earnings. Duyuru • Sep 07
Rikei Corporation to Report Q2, 2024 Results on Nov 09, 2023 Rikei Corporation announced that they will report Q2, 2024 results on Nov 09, 2023 Reported Earnings • Aug 08
First quarter 2024 earnings released: JP¥6.09 loss per share (vs JP¥9.46 loss in 1Q 2023) First quarter 2024 results: JP¥6.09 loss per share (improved from JP¥9.46 loss in 1Q 2023). Revenue: JP¥2.57b (up 7.9% from 1Q 2023). Net loss: JP¥92.0m (loss narrowed 36% from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. New Risk • Jul 10
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.6% 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 Risk High level of non-cash earnings (43% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (0.6% net profit margin). Shareholders have been diluted in the past year (2.6% increase in shares outstanding). Market cap is less than US$100m (JP¥3.58b market cap, or US$25.2m). Duyuru • Jun 24
Rikei Corporation to Report Q1, 2024 Results on Aug 07, 2023 Rikei Corporation announced that they will report Q1, 2024 results on Aug 07, 2023 Reported Earnings • May 16
Full year 2023 earnings released: EPS: JP¥4.37 (vs JP¥9.19 in FY 2022) Full year 2023 results: EPS: JP¥4.37 (down from JP¥9.19 in FY 2022). Revenue: JP¥10.3b (down 5.3% from FY 2022). Net income: JP¥66.0m (down 53% from FY 2022). Profit margin: 0.6% (down from 1.3% in FY 2022). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 9% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • May 14
Rikei Corporation, Annual General Meeting, Jun 29, 2023 Rikei Corporation, Annual General Meeting, Jun 29, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥3.00 per share at 1.3% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 30 June 2023. The company is not currently making a profit but it is cash flow positive. Trailing yield: 1.3%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (1.6%). Reported Earnings • Feb 10
Third quarter 2023 earnings released: JP¥10.91 loss per share (vs JP¥0.93 loss in 3Q 2022) Third quarter 2023 results: JP¥10.91 loss per share (further deteriorated from JP¥0.93 loss in 3Q 2022). Revenue: JP¥2.20b (up 6.8% from 3Q 2022). Net loss: JP¥165.0m (loss widened JP¥151.0m from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Duyuru • Dec 23
Rikei Corporation to Report Q3, 2023 Results on Feb 08, 2023 Rikei Corporation announced that they will report Q3, 2023 results on Feb 08, 2023 Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Outside Director Junko Koshino was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 11
Second quarter 2023 earnings released: EPS: JP¥8.14 (vs JP¥5.49 in 2Q 2022) Second quarter 2023 results: EPS: JP¥8.14 (up from JP¥5.49 in 2Q 2022). Revenue: JP¥2.60b (down 18% from 2Q 2022). Net income: JP¥123.0m (up 48% from 2Q 2022). Profit margin: 4.7% (up from 2.6% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Duyuru • Sep 22
Rikei Corporation to Report Q2, 2023 Results on Nov 09, 2022 Rikei Corporation announced that they will report Q2, 2023 results on Nov 09, 2022 Reported Earnings • Aug 07
First quarter 2023 earnings released: JP¥9.46 loss per share (vs JP¥7.14 loss in 1Q 2022) First quarter 2023 results: JP¥9.46 loss per share (down from JP¥7.14 loss in 1Q 2022). Revenue: JP¥2.38b (down 16% from 1Q 2022). Net loss: JP¥143.0m (loss widened 32% from 1Q 2022). Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Duyuru • Jun 16
Rikei Corporation to Report Q1, 2023 Results on Aug 05, 2022 Rikei Corporation announced that they will report Q1, 2023 results on Aug 05, 2022 Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment improved over the past week After last week's 27% share price gain to JP¥346, the stock trades at a trailing P/E ratio of 37.6x. Average trailing P/E is 12x in the Electronic industry in Japan. Total returns to shareholders of 80% over the past three years. Reported Earnings • May 17
Full year 2022 earnings released: EPS: JP¥9.19 (vs JP¥10.38 in FY 2021) Full year 2022 results: EPS: JP¥9.19 (down from JP¥10.38 in FY 2021). Revenue: JP¥10.9b (up 7.1% from FY 2021). Net income: JP¥139.0m (down 12% from FY 2021). Profit margin: 1.3% (down from 1.5% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Duyuru • May 15
Rikei Corporation, Annual General Meeting, Jun 29, 2022 Rikei Corporation, Annual General Meeting, Jun 29, 2022. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Outside Director Akihisa Takizawa was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Apr 08
Rikei Corporation to Report Fiscal Year 2022 Results on May 13, 2022 Rikei Corporation announced that they will report fiscal year 2022 results on May 13, 2022 Reported Earnings • Feb 08
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: JP¥0.93 loss per share (up from JP¥6.02 loss in 3Q 2021). Revenue: JP¥2.06b (down 4.8% from 3Q 2021). Net loss: JP¥14.0m (loss narrowed 85% from 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 10
Second quarter 2022 earnings released: EPS JP¥5.49 (vs JP¥4.30 loss in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥3.16b (up 47% from 2Q 2021). Net income: JP¥83.0m (up JP¥148.0m from 2Q 2021). Profit margin: 2.6% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment improved over the past week After last week's 16% share price gain to JP¥234, the stock trades at a trailing P/E ratio of 28.3x. Average trailing P/E is 14x in the Electronic industry in Japan. Total returns to shareholders of 24% over the past three years. Reported Earnings • Aug 09
First quarter 2022 earnings released: JP¥7.14 loss per share (vs JP¥5.03 loss in 1Q 2021) The company reported a poor first quarter result with increased losses and weaker control over costs, although revenues were flat. First quarter 2022 results: Revenue: JP¥2.84b (flat on 1Q 2021). Net loss: JP¥108.0m (loss widened 42% from 1Q 2021). Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 15
Full year 2021 earnings released: EPS JP¥10.38 (vs JP¥2.71 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥10.1b (down 1.3% from FY 2020). Net income: JP¥157.0m (up 283% from FY 2020). Profit margin: 1.5% (up from 0.4% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Feb 10
Third quarter 2021 earnings released: JP¥6.02 loss per share (vs JP¥10.25 loss in 3Q 2020) The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: JP¥2.17b (up 17% from 3Q 2020). Net loss: JP¥91.0m (loss narrowed 41% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Duyuru • Dec 26
Rikei Corporation to Report Q3, 2021 Results on Feb 08, 2021 Rikei Corporation announced that they will report Q3, 2021 results on Feb 08, 2021 Is New 90 Day High Low • Dec 22
New 90-day low: JP¥193 The company is down 30% from its price of JP¥277 on 23 September 2020. The Japanese market is up 8.0% 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 • Sep 22
Chuzou Ishikawa acquired additional 7.1% stake in Rikei Corp. (TSE: 8226). Chuzou Ishikawa acquired additional 7.1% stake in Rikei Corp. (TSE: 8226) on September 28, 2005. Chuzou Ishikawa holds approximately 1.8 million shares representing 13.26% stake on closing of the transaction up from 6.25% stake.
Chuzou Ishikawa completed the acquisition of additional 7.1% stake in Rikei Corp. (TSE: 8226) on September 28, 2005. Duyuru • Sep 06
Rikei Corporation to Report Q2, 2021 Results on Nov 09, 2020 Rikei Corporation announced that they will report Q2, 2021 results on Nov 09, 2020 Duyuru • Jul 05
Rikei Corporation to Report Q1, 2021 Results on Jul 08, 2020 Rikei Corporation announced that they will report Q1, 2021 results on Jul 08, 2020