Announcement • Jun 24
JVCKENWOOD Corporation Announces Board Appointments, Effective June 24, 2026 JVCKENWOOD Corporation at the 18th Ordinary General Meeting of Shareholders held on June 24, 2026 approved appointment of ORII Masako as External Director of the Board and HIRAKO Yuji was appointed Chairman of the Board, effective June 24, 2026. New Risk • Jun 06
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 6.8% 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. Announcement • May 30
JVCKENWOOD Corporation to Report Q1, 2027 Results on Aug 03, 2026 JVCKENWOOD Corporation announced that they will report Q1, 2027 results on Aug 03, 2026 Reported Earnings • May 06
Full year 2026 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2026 results: EPS: JP¥115 (down from JP¥135 in FY 2025). Revenue: JP¥356.9b (down 3.6% from FY 2025). Net income: JP¥16.8b (down 17% from FY 2025). Profit margin: 4.7% (down from 5.5% in FY 2025). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) exceeded analyst estimates by 4.6%. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Consumer Durables industry in Japan. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 01
JVCKENWOOD Corporation, Annual General Meeting, Jun 24, 2026 JVCKENWOOD Corporation, Annual General Meeting, Jun 24, 2026. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥12.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 27 May 2026. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (1.6%). Announcement • Feb 25
JVCKENWOOD Corporation Announces Directorate Changes, Effective April 1, 2026 JVCKENWOOD Corporation resolved at the Board of Directors held February 25, 2026 on the nomination of 7 candidates for Directors who are not Audit & Supervisory Committee members (the 4 Directors who are Audit & Supervisory Committee members are not up for election), whose appointment will be submitted at the 18th Ordinary General Meeting of Shareholders scheduled for late June of this year, and resolved on the new management structure effective April 1, 2026. Retiring directors. HAMASAKI Yuji, NOMURA Masao, HAYASHI Kazuyoshi, SONODA Yoshio . Reported Earnings • Feb 05
Third quarter 2026 earnings released: EPS: JP¥34.13 (vs JP¥19.83 in 3Q 2025) Third quarter 2026 results: EPS: JP¥34.13 (up from JP¥19.83 in 3Q 2025). Revenue: JP¥89.3b (down 4.9% from 3Q 2025). Net income: JP¥4.97b (up 67% from 3Q 2025). Profit margin: 5.6% (up from 3.2% in 3Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Consumer Durables industry in Japan. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 03
JVCKENWOOD Corporation (TSE:6632) announces an Equity Buyback for 3,000,000 shares, representing 2.09% for ¥3,000 million. JVCKENWOOD Corporation (TSE:6632) announces a share repurchase program. Under the program, the company will repurchase up to 3,000,000 shares, representing 2.08% of its issued share capital, for ¥3,000 million. The purpose of the buyback is to improve the ratio of profit attributable to owners of the parent (ROE) and earnings per share (EPS), as well as to mitigate the short-term impact on demand and supply for the company’s shares due to the issuance of Zero Coupon Convertible Bonds due 2030. The program will expire on April 30, 2026. As of December 31, 2025, the company had 143,767,937 shares outstanding (excluding treasury shares) and had 19,488,432 shares in treasury. Declared Dividend • Dec 02
First half dividend of JP¥12.00 announced Shareholders will receive a dividend of JP¥12.00. Ex-date: 30th March 2026 Payment date: 27th May 2026 Dividend yield will be 1.6%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (14% earnings payout ratio) and cash flows (30% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 26% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Nov 29
JVCKENWOOD Corporation to Report Q3, 2026 Results on Feb 03, 2026 JVCKENWOOD Corporation announced that they will report Q3, 2026 results on Feb 03, 2026 Valuation Update With 7 Day Price Move • Nov 19
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to JP¥1,145, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 12x in the Consumer Durables industry in Japan. Total returns to shareholders of 221% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,243 per share. Price Target Changed • Nov 15
Price target increased by 13% to JP¥1,750 Up from JP¥1,550, the current price target is an average from 2 analysts. New target price is 41% above last closing price of JP¥1,245. Stock is down 17% over the past year. The company is forecast to post earnings per share of JP¥106 for next year compared to JP¥135 last year. Announcement • Nov 13
JVCKENWOOD Corporation (TSE:6632) announces an Equity Buyback for 5,000,000 shares, representing 3.39% for ¥5,000 million. JVCKENWOOD Corporation (TSE:6632) announces a share repurchase program. Under the program, the company will repurchase up to 5,000,000 shares, representing 3.39% of its issued share capital, for ¥5,000 million. The purpose of the buyback is to improve the ratio of profit attributable to owners of the parent (ROE) and earnings per share (EPS), as well as to mitigate the short-term impact on demand and supply for the company’s shares due to the issuance of Zero Coupon Convertible Bonds due 2030. The program will expire on December 23, 2025. As of September 30, 2025, the company had 147,281,876 shares outstanding (excluding treasury shares) and had 16,718,325 shares in treasury. Reported Earnings • Nov 01
Second quarter 2026 earnings released: EPS: JP¥27.60 (vs JP¥37.06 in 2Q 2025) Second quarter 2026 results: EPS: JP¥27.60 (down from JP¥37.06 in 2Q 2025). Revenue: JP¥89.1b (flat on 2Q 2025). Net income: JP¥4.05b (down 28% from 2Q 2025). Profit margin: 4.5% (down from 6.3% in 2Q 2025). Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 1.5% growth forecast for the Consumer Durables industry in Japan. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 54% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 10
JVCKENWOOD Corporation (TSE:6632) entered into a share transfer agreement to acquire ESChat from Josh Lober and five other individual shareholders. JVCKENWOOD Corporation (TSE:6632) entered into a share transfer agreement to acquire ESChat from Josh Lober and five other individual shareholders on October 8, 2025.
For the period ending December 31, 2024, ESChat reported total revenue of $1.13 billion and EBIT of $172 million. As of December 31, 2024, ESChat reported total assets of $430 million and total common equity of $451 million.
The expected completion of the transaction is by the end of March 2026. Announcement • Sep 01
JVCKENWOOD Corporation to Report Q2, 2026 Results on Oct 31, 2025 JVCKENWOOD Corporation announced that they will report Q2, 2026 results on Oct 31, 2025 Reported Earnings • Aug 02
First quarter 2026 earnings released: EPS: JP¥23.38 (vs JP¥36.49 in 1Q 2025) First quarter 2026 results: EPS: JP¥23.38 (down from JP¥36.49 in 1Q 2025). Revenue: JP¥80.2b (down 8.6% from 1Q 2025). Net income: JP¥3.45b (down 37% from 1Q 2025). Profit margin: 4.3% (down from 6.3% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 1.4% growth forecast for the Consumer Durables industry in Japan. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 84% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Jul 09
Final dividend of JP¥6.00 announced Shareholders will receive a dividend of JP¥6.00. Ex-date: 29th September 2025 Payment date: 9th December 2025 Dividend yield will be 1.4%, which is lower than the industry average of 1.6%. Sustainability & Growth Dividend is well covered by both earnings (16% earnings payout ratio) and cash flows (39% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 14% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jun 27
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: JP¥135 (up from JP¥84.34 in FY 2024). Revenue: JP¥370.3b (up 3.0% from FY 2024). Net income: JP¥20.3b (up 56% from FY 2024). Profit margin: 5.5% (up from 3.6% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) also surpassed analyst estimates by 15%. Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 1.1% growth forecast for the Consumer Durables industry in Japan. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 86% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Jun 11
Price target decreased by 7.5% to JP¥1,550 Down from JP¥1,675, the current price target is an average from 2 analysts. New target price is 37% above last closing price of JP¥1,131. Stock is up 23% over the past year. The company is forecast to post earnings per share of JP¥102 for next year compared to JP¥135 last year. Announcement • May 31
JVCKENWOOD Corporation to Report Q1, 2026 Results on Aug 01, 2025 JVCKENWOOD Corporation announced that they will report Q1, 2026 results on Aug 01, 2025 Reported Earnings • May 02
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: JP¥135 (up from JP¥84.34 in FY 2024). Revenue: JP¥370.3b (up 3.0% from FY 2024). Net income: JP¥20.3b (up 56% from FY 2024). Profit margin: 5.5% (up from 3.6% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) also surpassed analyst estimates by 15%. Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, while revenues in the Consumer Durables industry in Japan are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 81% per year, which means it is tracking significantly ahead of earnings growth. 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 8.0% 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. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to JP¥1,052, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 11x in the Consumer Durables industry in Japan. Total returns to shareholders of 560% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,072 per share. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥8.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 28 May 2025. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (1.5%). Announcement • Mar 01
JVCKENWOOD Corporation to Report Fiscal Year 2025 Results on May 01, 2025 JVCKENWOOD Corporation announced that they will report fiscal year 2025 results on May 01, 2025 Buy Or Sell Opportunity • Feb 04
Now 27% undervalued Over the last 90 days, the stock has risen 15% to JP¥1,463. The fair value is estimated to be JP¥1,995, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.3% over the last 3 years. Earnings per share has grown by 33%. For the next 3 years, revenue is forecast to grow by 1.6% per annum. Earnings are also forecast to grow by 5.1% per annum over the same time period. Reported Earnings • Feb 04
Third quarter 2025 earnings released: EPS: JP¥19.83 (vs JP¥27.29 in 3Q 2024) Third quarter 2025 results: EPS: JP¥19.83 (down from JP¥27.29 in 3Q 2024). Revenue: JP¥93.9b (up 1.5% from 3Q 2024). Net income: JP¥2.98b (down 29% from 3Q 2024). Profit margin: 3.2% (down from 4.5% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 1.1% growth forecast for the Consumer Durables industry in Japan. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 97% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Dec 26
JVCKENWOOD Corporation to Report Q3, 2025 Results on Feb 03, 2025 JVCKENWOOD Corporation announced that they will report Q3, 2025 results on Feb 03, 2025 Declared Dividend • Dec 10
First half dividend of JP¥8.00 announced Shareholders will receive a dividend of JP¥8.00. Ex-date: 28th March 2025 Payment date: 28th May 2025 Dividend yield will be 0.8%, which is lower than the industry average of 1.6%. Payout Ratios Payout ratio: 15%. Cash payout ratio: 17%. Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥1,478, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 12x in the Consumer Durables industry in Japan. Total returns to shareholders of 800% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,205 per share. Major Estimate Revision • Nov 07
Consensus EPS estimates increase by 12% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from JP¥103 to JP¥115. Revenue forecast steady at JP¥359.0b. Net income forecast to shrink 3.2% next year vs 0.8% growth forecast for Consumer Durables industry in Japan . Consensus price target up from JP¥1,325 to JP¥1,475. Share price rose 11% to JP¥1,340 over the past week. Announcement • Oct 31
JVCKENWOOD Corporation Announces Dividend for the Interim Period of the Fiscal Year Ending March 2025, Payable on December 9, 2024 JVCKENWOOD Corporation announced an dividend of JPY 5.00 per share for the interim period of the fiscal year ending March 2025 against JPY 0.00 per share paid a year ago. Record date is September 30, 2024. Effective date is December 9, 2024. Announcement • Sep 02
JVCKENWOOD Corporation to Report Q2, 2025 Results on Oct 31, 2024 JVCKENWOOD Corporation announced that they will report Q2, 2025 results on Oct 31, 2024 Reported Earnings • Aug 03
First quarter 2025 earnings released: EPS: JP¥36.49 (vs JP¥21.84 in 1Q 2024) First quarter 2025 results: EPS: JP¥36.49 (up from JP¥21.84 in 1Q 2024). Revenue: JP¥87.8b (up 2.5% from 1Q 2024). Net income: JP¥5.50b (up 58% from 1Q 2024). Profit margin: 6.3% (up from 4.1% in 1Q 2024). Revenue is forecast to stay flat during the next 3 years compared to a 2.0% growth forecast for the Consumer Durables industry in Japan. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has increased by 66% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Aug 03
Now 37% overvalued after recent price rise Over the last 90 days, the stock has risen 26% to JP¥1,010. The fair value is estimated to be JP¥736, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 39%. Revenue is forecast to decline by 0.8% in 2 years. Earnings are forecast to decline by 6.1% in the next 2 years. Price Target Changed • Aug 02
Price target decreased by 15% to JP¥850 Down from JP¥1,000, the current price target is provided by 1 analyst. New target price is 16% below last closing price of JP¥1,010. Stock is up 62% over the past year. The company is forecast to post earnings per share of JP¥85.00 for next year compared to JP¥84.34 last year. Valuation Update With 7 Day Price Move • Aug 02
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥1,010, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 11x in the Consumer Durables industry in Japan. Total returns to shareholders of 398% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,772 per share. Reported Earnings • Jun 26
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: JP¥84.34 (down from JP¥99.27 in FY 2023). Revenue: JP¥359.5b (up 6.7% from FY 2023). Net income: JP¥13.0b (down 20% from FY 2023). Profit margin: 3.6% (down from 4.8% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 10%. Revenue is forecast to stay flat during the next 3 years compared to a 1.9% growth forecast for the Consumer Durables industry in Japan. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has increased by 58% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jun 21
JVCKENWOOD Corporation Announces New Management Structure Changes JVCKENWOOD Corporation has finalized its new management structure following the election of directors and audit & supervisory board members at the 16th Ordinary General Meeting of Shareholders. Effective June 21, 2024, newly appointed figures include HAYASHI Kazuyoshi, joining as a director of the board, and KURIHARA Naokazu, who assumes a role as an audit & supervisory board member. External appointments feature HIRANO Satoshi, newly elected as a director of the board, alongside EBINUMA Ryuichi and KOBASHIKAWA Yasuko, who join as external audit & supervisory board members. This strategic reshuffle underscores JVCKENWOOD's commitment to integrating fresh perspectives into its governance framework while maintaining operational continuity under existing executive officers. Price Target Changed • Jun 19
Price target increased by 7.9% to JP¥1,025 Up from JP¥950, the current price target is an average from 2 analysts. New target price is 13% above last closing price of JP¥908. Stock is up 79% over the past year. The company is forecast to post earnings per share of JP¥87.25 for next year compared to JP¥84.34 last year. Announcement • Jun 02
JVCKENWOOD Corporation to Report Q1, 2025 Results on Aug 01, 2024 JVCKENWOOD Corporation announced that they will report Q1, 2025 results on Aug 01, 2024 Announcement • May 17
JVCKENWOOD Corporation Announces Dividend for the Fiscal Year Ended March 31, 2024 JVCKENWOOD Corporation resolved at its Board of Directors held on May 15, 2024 to distribute a dividend of surplus. The record date thereof is March 31, 2024. Dividend per share: JPY 12.00. Total amount of dividend: JPY 1,827 million. Effective date: May 28, 2024. Reported Earnings • May 01
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: JP¥84.34 (down from JP¥99.27 in FY 2023). Revenue: JP¥359.5b (up 6.7% from FY 2023). Net income: JP¥13.0b (down 20% from FY 2023). Profit margin: 3.6% (down from 4.8% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 10%. Revenue is forecast to stay flat during the next 3 years compared to a 2.1% growth forecast for the Consumer Durables industry in Japan. Over the last 3 years on average, earnings per share has increased by 49% per year whereas the company’s share price has increased by 51% per year. Announcement • Apr 28
JVCKENWOOD Corporation, Annual General Meeting, Jun 21, 2024 JVCKENWOOD Corporation, Annual General Meeting, Jun 21, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥8.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 29 May 2024. Payout ratio is a comfortable 9.5% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (1.6%). Announcement • Mar 02
JVCKENWOOD Corporation to Report Fiscal Year 2024 Results on Apr 26, 2024 JVCKENWOOD Corporation announced that they will report fiscal year 2024 results on Apr 26, 2024 Valuation Update With 7 Day Price Move • Feb 29
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥830, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 11x in the Consumer Durables industry in Japan. Total returns to shareholders of 297% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,466 per share. Price Target Changed • Feb 08
Price target increased by 14% to JP¥915 Up from JP¥800, the current price target is an average from 2 analysts. New target price is 40% above last closing price of JP¥654. Stock is up 63% over the past year. The company is forecast to post earnings per share of JP¥75.40 for next year compared to JP¥99.27 last year. Reported Earnings • Feb 03
Third quarter 2024 earnings released: EPS: JP¥27.30 (vs JP¥72.39 in 3Q 2023) Third quarter 2024 results: EPS: JP¥27.30 (down from JP¥72.39 in 3Q 2023). Revenue: JP¥92.6b (up 3.5% from 3Q 2023). Net income: JP¥4.17b (down 65% from 3Q 2023). Profit margin: 4.5% (down from 13% in 3Q 2023). Revenue is forecast to stay flat during the next 3 years compared to a 2.1% growth forecast for the Consumer Durables industry in Japan. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 49% per year, which means it is significantly lagging earnings growth. Announcement • Nov 27
JVCKENWOOD Corporation to Report Q3, 2024 Results on Feb 01, 2024 JVCKENWOOD Corporation announced that they will report Q3, 2024 results on Feb 01, 2024 Valuation Update With 7 Day Price Move • Nov 22
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥774, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 11x in the Consumer Durables industry in Japan. Total returns to shareholders of 463% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,371 per share. Reported Earnings • Nov 02
Second quarter 2024 earnings released: EPS: JP¥21.20 (vs JP¥24.00 in 2Q 2023) Second quarter 2024 results: EPS: JP¥21.20 (down from JP¥24.00 in 2Q 2023). Revenue: JP¥89.1b (up 3.5% from 2Q 2023). Net income: JP¥3.27b (down 17% from 2Q 2023). Profit margin: 3.7% (down from 4.6% in 2Q 2023). Revenue is forecast to stay flat during the next 3 years compared to a 2.5% growth forecast for the Consumer Durables industry in Japan. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 59% per year, which means it is significantly lagging earnings growth. Announcement • Nov 02
JVCKENWOOD Corporation (TSE:6632) announces an Equity Buyback for 4,500,000 shares, representing 2.89% for ¥2,500 million. JVCKENWOOD Corporation (TSE:6632) announces a share repurchase program. Under the program, the company will repurchase up to 4,500,000 shares, representing 2.90% of its total shares outstanding (excluding treasury shares), for a total of ¥2.500 million. The purpose of repurchase program is to increase the flexibility of capital utilization, to improve shareholder returns and capital efficiency and return on equity of the parent company, increase earnings per share. The repurchase program is valid till December 29, 2023. As of September 30, 2023, the company had 155,567,697 shares outstanding (excluding treasury shares) and had 8,432,504 shares in treasury. Announcement • Aug 27
JVCKENWOOD Corporation to Report Q2, 2024 Results on Oct 31, 2023 JVCKENWOOD Corporation announced that they will report Q2, 2024 results on Oct 31, 2023 Valuation Update With 7 Day Price Move • Aug 08
Investor sentiment improves as stock rises 33% After last week's 33% share price gain to JP¥643, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 11x in the Consumer Durables industry in Japan. Total returns to shareholders of 365% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥941 per share. New Risk • Aug 04
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 8.3% 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 (8.3% average weekly change). Earnings are forecast to decline by an average of 4.9% per year for the foreseeable future. Minor Risk Large one-off items impacting financial results. Price Target Changed • Aug 03
Price target increased by 17% to JP¥700 Up from JP¥600, the current price target is an average from 2 analysts. New target price is 6.7% above last closing price of JP¥656. Stock is up 236% over the past year. The company is forecast to post earnings per share of JP¥72.85 for next year compared to JP¥99.27 last year. Reported Earnings • Aug 02
First quarter 2024 earnings released: EPS: JP¥21.84 (vs JP¥1.51 loss in 1Q 2023) First quarter 2024 results: EPS: JP¥21.84 (up from JP¥1.51 loss in 1Q 2023). Revenue: JP¥85.6b (up 19% from 1Q 2023). Net income: JP¥3.48b (up JP¥3.72b from 1Q 2023). Profit margin: 4.1% (up from net loss in 1Q 2023). Revenue is forecast to stay flat during the next 3 years compared to a 3.1% growth forecast for the Consumer Durables industry in Japan. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has only increased by 58% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Aug 02
Consensus EPS estimates increase by 28% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from JP¥52.25 to JP¥66.90. Revenue forecast unchanged at JP¥344.0b. Net income forecast to shrink 49% next year vs 1.6% decline forecast for Consumer Durables industry in Japan. Consensus price target of JP¥600 unchanged from last update. Share price rose 18% to JP¥564 over the past week. New Risk • Jul 01
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 41% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 3.9% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Large one-off items impacting financial results. Announcement • Jun 24
JVCKENWOOD Corporation to Report Q1, 2024 Results on Aug 01, 2023 JVCKENWOOD Corporation announced that they will report Q1, 2024 results on Aug 01, 2023 Price Target Changed • May 03
Price target increased by 30% to JP¥565 Up from JP¥435, the current price target is an average from 2 analysts. New target price is 22% above last closing price of JP¥465. Stock is up 138% over the past year. The company is forecast to post earnings per share of JP¥48.66 for next year compared to JP¥99.27 last year. Buying Opportunity • May 02
Now 20% undervalued Over the last 90 days, the stock is up 26%. The fair value is estimated to be JP¥584, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.8% over the last 3 years. Earnings per share has grown by 98%. For the next 3 years, revenue is forecast to decline by 1.2% per annum. Earnings is also forecast to decline by 18% per annum over the same time period. 