Announcement • May 11
Kanematsu Corporation, Annual General Meeting, Jun 25, 2026 Kanematsu Corporation, Annual General Meeting, Jun 25, 2026. Reported Earnings • May 09
Full year 2026 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2026 results: EPS: JP¥196 (up from JP¥164 in FY 2025). Revenue: JP¥1.07t (up 1.6% from FY 2025). Net income: JP¥32.5b (up 18% from FY 2025). Profit margin: 3.0% (up from 2.6% in FY 2025). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 4.2%. Earnings per share (EPS) exceeded analyst estimates by 6.6%. Revenue is forecast to grow 6.4% p.a. on average during the next 2 years, compared to a 4.3% growth forecast for the Trade Distributors industry in Japan. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 10
Kanematsu Corporation to Report Fiscal Year 2026 Results on May 08, 2026 Kanematsu Corporation announced that they will report fiscal year 2026 results at 2:00 PM, Tokyo Standard Time on May 08, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥31.25 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 10 June 2026. Payout ratio is a comfortable 28% 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 (2.1%). Reported Earnings • Feb 07
Third quarter 2026 earnings released: EPS: JP¥48.65 (vs JP¥25.60 in 3Q 2025) Third quarter 2026 results: EPS: JP¥48.65 (up from JP¥25.60 in 3Q 2025). Revenue: JP¥274.2b (up 4.2% from 3Q 2025). Net income: JP¥8.10b (up 89% from 3Q 2025). Profit margin: 3.0% (up from 1.6% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Trade Distributors 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 increased by 39% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Dec 03
First half dividend of JP¥62.50 announced Shareholders will receive a dividend of JP¥62.50. Ex-date: 30th March 2026 Payment date: 10th June 2026 Dividend yield will be 3.6%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (32% earnings payout ratio) and cash flows (26% cash payout ratio). The dividend has increased by an average of 23% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 25% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Nov 29
Kanematsu Corporation to Report Q3, 2026 Results on Feb 05, 2026 Kanematsu Corporation announced that they will report Q3, 2026 results on Feb 05, 2026 New Risk • Nov 12
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: 1.8% Last year net profit margin: 2.6% 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 High level of debt (56% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (1.8% net profit margin). New Risk • Nov 01
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: 1.8% Last year net profit margin: 2.6% 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 High level of debt (56% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (1.8% net profit margin). Reported Earnings • Nov 01
Second quarter 2026 earnings released: EPS: JP¥110 (vs JP¥91.83 in 2Q 2025) Second quarter 2026 results: EPS: JP¥110 (up from JP¥91.83 in 2Q 2025). Net income: JP¥9.15b (up 19% from 2Q 2025). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Oct 25
Price target increased by 17% to JP¥3,400 Up from JP¥2,900, the current price target is provided by 1 analyst. New target price is 8.1% above last closing price of JP¥3,145. Stock is up 38% over the past year. The company is forecast to post earnings per share of JP¥373 for next year compared to JP¥329 last year. Announcement • Oct 09
Kanematsu Corporation to Report Q2, 2026 Results on Oct 31, 2025 Kanematsu Corporation announced that they will report Q2, 2026 results on Oct 31, 2025 Announcement • Sep 26
Kanematsu Corporation (TSE:8020) acquired an unknown minority stake in Alam Energy by Shizen Energy Group from Shizen Malaysia Sdn. Bhd. and Alam Nix Renewables Pte. Ltd. Kanematsu Corporation (TSE:8020) acquired an unknown minority stake in Alam Energy by Shizen Energy Group from Shizen Malaysia Sdn. Bhd. and Alam Nix Renewables Pte. Ltd on September 25, 2025.
Kanematsu Corporation (TSE:8020) completed the acquisition of unknown minority stake in Alam Energy by Shizen Energy Group from Shizen Malaysia Sdn. Bhd. and Alam Nix Renewables Pte. Ltd on September 25, 2025. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥57.50 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 03 December 2025. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 3.6%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.9%). Board Change • Aug 06
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. 4 non-independent directors. Independent Outside Director Hiro Sasa 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 • Aug 02
First quarter 2026 earnings released: EPS: JP¥84.03 (vs JP¥90.55 in 1Q 2025) First quarter 2026 results: EPS: JP¥84.03 (down from JP¥90.55 in 1Q 2025). Revenue: JP¥251.1b (down 3.2% from 1Q 2025). Net income: JP¥6.98b (down 7.7% from 1Q 2025). Profit margin: 2.8% (down from 2.9% in 1Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Jul 09
Final dividend of JP¥57.50 announced Shareholders will receive a dividend of JP¥57.50. Ex-date: 29th September 2025 Payment date: 3rd December 2025 Dividend yield will be 3.9%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (32% earnings payout ratio) and cash flows (20% cash payout ratio). The dividend has increased by an average of 23% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 26% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 27
Kanematsu Corporation to Report Q1, 2026 Results on Aug 01, 2025 Kanematsu Corporation announced that they will report Q1, 2026 results on Aug 01, 2025 Reported Earnings • May 09
Full year 2025 earnings released: EPS: JP¥329 (vs JP¥278 in FY 2024) Full year 2025 results: EPS: JP¥329 (up from JP¥278 in FY 2024). Revenue: JP¥1.05t (up 6.6% from FY 2024). Net income: JP¥27.5b (up 18% from FY 2024). Profit margin: 2.6% (up from 2.4% 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 16% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 08
Kanematsu Corporation, Annual General Meeting, Jun 27, 2025 Kanematsu Corporation, Annual General Meeting, Jun 27, 2025. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥2,067, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 8x in the Trade Distributors industry in Japan. Total returns to shareholders of 81% over the past three years. Announcement • Mar 27
Kanematsu Corporation (TSE:8020) entered into a share transfer agreement to acquire Electronics And Materials Corporation Limited. Kanematsu Corporation (TSE:8020) entered into a share transfer agreement to acquire Electronics And Materials Corporation Limited on March 26, 2025. Announcement • Mar 25
Kanematsu Corporation to Report Fiscal Year 2025 Results on May 08, 2025 Kanematsu Corporation announced that they will report fiscal year 2025 results on May 08, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥52.50 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 11 June 2025. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (3.3%). New Risk • Feb 08
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: 1.5% Last year net profit margin: 2.2% 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 High level of debt (76% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (1.5% net profit margin). Announcement • Dec 25
Kanematsu Corporation to Report Nine Months, 2025 Results on Feb 07, 2025 Kanematsu Corporation announced that they will report nine months, 2025 results on Feb 07, 2025 Declared Dividend • Dec 04
First half dividend of JP¥52.50 announced Shareholders will receive a dividend of JP¥52.50. Ex-date: 28th March 2025 Payment date: 11th June 2025 Dividend yield will be 4.2%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (31% earnings payout ratio) and cash flows (14% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 31% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Sep 27
Kanematsu Corporation to Report Q2, 2025 Results on Nov 01, 2024 Kanematsu Corporation announced that they will report Q2, 2025 results on Nov 01, 2024 Upcoming Dividend • Sep 20
Upcoming dividend of JP¥50.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 05 December 2024. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 4.1%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (3.3%). Buy Or Sell Opportunity • Aug 07
Now 25% overvalued Over the last 90 days, the stock has fallen 14% to JP¥2,287. The fair value is estimated to be JP¥1,834, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 14%. Revenue is forecast to decline by 87% in 2 years. Earnings are forecast to grow by 15% in the next 2 years. Declared Dividend • Jul 11
Final dividend of JP¥50.00 announced Shareholders will receive a dividend of JP¥50.00. Ex-date: 27th September 2024 Payment date: 5th December 2024 Dividend yield will be 3.6%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (35% earnings payout ratio) and cash flows (27% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 36% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 26
Kanematsu Corporation to Report Q1, 2025 Results on Aug 02, 2024 Kanematsu Corporation announced that they will report Q1, 2025 results at 1:00 PM, Tokyo Standard Time on Aug 02, 2024 Reported Earnings • May 08
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: EPS: JP¥278 (up from JP¥222 in FY 2023). Revenue: JP¥986.0b (up 8.2% from FY 2023). Net income: JP¥23.2b (up 25% from FY 2023). Profit margin: 2.4% (up from 2.0% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates significantly. Earnings per share (EPS) missed analyst estimates by 5.2%. Revenue is forecast to decline by 69% p.a. on average during the next 3 years, while revenues in the Trade Distributors industry in Japan are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 03
Kanematsu Corporation to Report Fiscal Year 2024 Results on May 07, 2024 Kanematsu Corporation announced that they will report fiscal year 2024 results at 4:00 AM, Coordinated Universal Time on May 07, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥45.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 12 June 2024. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 3.5%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (2.4%). New Risk • Feb 08
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: 1.2% Last year net profit margin: 2.5% 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: Major Risk Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (1.2% net profit margin). Announcement • Dec 28
Kanematsu Corporation to Report Q3, 2024 Results on Feb 06, 2024 Kanematsu Corporation announced that they will report Q3, 2024 results on Feb 06, 2024 New Risk • Nov 04
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: 1.3% Last year net profit margin: 2.7% 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: Major Risk Debt is not well covered by operating cash flow (1.5% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (1.3% net profit margin). Announcement • Sep 28
Kanematsu Corporation to Report Q2, 2024 Results on Nov 02, 2023 Kanematsu Corporation announced that they will report Q2, 2024 results on Nov 02, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of JP¥45.00 per share at 4.1% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 06 December 2023. Payout ratio is a comfortable 35% but the company is not cash flow positive. Trailing yield: 4.1%. Within top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (2.8%). New Risk • Aug 05
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: 1.6% Last year net profit margin: 2.5% 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: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (1.6% net profit margin). Announcement • May 10
Kanematsu Corporation, Annual General Meeting, Jun 27, 2023 Kanematsu Corporation, Annual General Meeting, Jun 27, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥37.50 per share at 4.7% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 08 June 2023. Payout ratio is a comfortable 31% but the company is not cash flow positive. Trailing yield: 4.7%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (3.8%). Announcement • Jan 12
Kanematsu Corporation to Report Q3, 2023 Results on Feb 07, 2023 Kanematsu Corporation announced that they will report Q3, 2023 results on Feb 07, 2023 Buying Opportunity • Dec 12
Now 20% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be JP¥1,899, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.9% over the last 3 years. Earnings per share has grown by 9.7%. Announcement • Nov 16
The Monogatari Corporation (TSE:3097) agreed to acquire 65% stake in PT. Agrapana Niaga Gemilang. The Monogatari Corporation (TSE:3097) agreed to acquire 65% stake in PT. Agrapana Niaga Gemilang on November 15, 2022. Board Change • Nov 16
Less than half of directors are independent There are 5 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: 3 independent directors. 4 non-independent directors. Independent Outside Director Hiro Sasa 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. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥35.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 05 December 2022. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 4.7%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (3.6%). Announcement • Sep 01
Kanematsu Corporation to Report Q2, 2023 Results on Nov 04, 2022 Kanematsu Corporation announced that they will report Q2, 2023 results on Nov 04, 2022 Price Target Changed • Aug 25
Price target increased to JP¥1,770 Up from JP¥1,650, the current price target is provided by 1 analyst. New target price is 16% above last closing price of JP¥1,528. Stock is up 9.5% over the past year. The company is forecast to post earnings per share of JP¥228 for next year compared to JP¥191 last year. Announcement • Jun 16
Kanematsu Corporation to Report Q1, 2023 Results on Aug 03, 2022 Kanematsu Corporation announced that they will report Q1, 2023 results on Aug 03, 2022 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, 2 were independent directors. The company's board is composed of: 6 new directors. 2 experienced directors. 2 highly experienced directors. 2 independent directors (4 non-independent directors). Director Masayuki Shimojima is the most experienced director on the board, commencing their role in 2006. Independent Outside Director Kazuhiro Tanaka was the last independent director to join the board, commencing their role in 2020. 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. Announcement • Apr 07
Kanematsu Corporation to Report Fiscal Year 2022 Results on May 10, 2022 Kanematsu Corporation announced that they will report fiscal year 2022 results at 11:00 AM, Tokyo Standard Time on May 10, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥35.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 08 June 2022. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 5.0%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (3.4%). Reported Earnings • Feb 07
Third quarter 2022 earnings: EPS exceeds analyst expectations Third quarter 2022 results: EPS: JP¥56.60 (up from JP¥31.98 in 3Q 2021). Revenue: JP¥560.9b (up 244% from 3Q 2021). Net income: JP¥4.73b (up 77% from 3Q 2021). Profit margin: 0.8% (down from 1.6% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.5%. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has increased by 1% per year. Price Target Changed • Dec 03
Price target decreased to JP¥1,650 Down from JP¥1,840, the current price target is provided by 1 analyst. New target price is 30% above last closing price of JP¥1,265. Stock is up 0.2% over the past year. The company is forecast to post earnings per share of JP¥180 for next year compared to JP¥159 last year. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 01 December 2021. Trailing yield: 4.2%. Within top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (3.4%). Reported Earnings • Jun 27
Full year 2021 earnings released: EPS JP¥159 (vs JP¥172 in FY 2020) The company reported a soft full year result with weaker earnings and revenues, although profit margins were improved. Full year 2021 results: Revenue: JP¥649.1b (down 10% from FY 2020). Net income: JP¥13.3b (down 7.5% from FY 2020). Profit margin: 2.1% (up from 2.0% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Announcement • May 24
Kanematsu Corporation resolveS Dividend for the Quarter of Fiscal Year Ended March 31, 2021, Payable on June 8, 2021 Kanematsu Corporation resolved at the board meeting held on May 24, 2021, to distribute the retained earnings, with March 31, 2021, as the record date, dividend for the quarter JPY 30 per share compared to JPY 30 per share paid a year ago. Scheduled date for commencement of dividend payments is on June 8, 2021. 
