Reported Earnings • Apr 24
Full year 2026 earnings: Revenues and EPS in line with analyst expectations Full year 2026 results: EPS: JP¥291 (down from JP¥300 in FY 2025). Revenue: JP¥45.7b (up 1.2% from FY 2025). Net income: JP¥4.70b (down 2.8% from FY 2025). Profit margin: 10% (in line with FY 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 3.5% p.a. on average during the next 2 years, compared to a 7.0% growth forecast for the Electrical industry in Japan. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 10% per year. Announcement • Apr 23
Mirai Industry Co.,Ltd., Annual General Meeting, Jun 17, 2026 Mirai Industry Co.,Ltd., Annual General Meeting, Jun 17, 2026. Announcement • Apr 21
Mirai Industry Co.,Ltd. to Report Fiscal Year 2026 Results on Apr 23, 2026 Mirai Industry Co.,Ltd. announced that they will report fiscal year 2026 results on Apr 23, 2026 Upcoming Dividend • Mar 11
Upcoming dividend of JP¥80.00 per share Eligible shareholders must have bought the stock before 18 March 2026. Payment date: 27 May 2026. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.2%). Reported Earnings • Jan 30
Third quarter 2026 earnings released: EPS: JP¥100 (vs JP¥95.94 in 3Q 2025) Third quarter 2026 results: EPS: JP¥100 (up from JP¥95.94 in 3Q 2025). Revenue: JP¥12.4b (down 1.4% from 3Q 2025). Net income: JP¥1.62b (up 4.5% from 3Q 2025). Profit margin: 13% (in line with 3Q 2025). Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Electrical 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 31% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Dec 02
Mirai Industry Co.,Ltd. to Report Q3, 2026 Results on Jan 29, 2026 Mirai Industry Co.,Ltd. announced that they will report Q3, 2026 results on Jan 29, 2026 Declared Dividend • Nov 27
First half dividend of JP¥80.00 announced Shareholders will receive a dividend of JP¥80.00. Ex-date: 18th March 2026 Payment date: 27th May 2026 Dividend yield will be 3.8%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is well covered by both earnings (35% earnings payout ratio) and cash flows (48% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 9.4% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Oct 25
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.6% to JP¥3,565. The fair value is estimated to be JP¥4,536, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.3% over the last 3 years. Earnings per share has grown by 24%. Revenue is forecast to grow by 7.7% in 2 years. Earnings are forecast to grow by 6.3% in the next 2 years. Reported Earnings • Oct 24
Second quarter 2026 earnings released: EPS: JP¥72.00 (vs JP¥78.81 in 2Q 2025) Second quarter 2026 results: EPS: JP¥72.00 (down from JP¥78.81 in 2Q 2025). Revenue: JP¥11.3b (flat on 2Q 2025). Net income: JP¥1.16b (down 8.5% from 2Q 2025). Profit margin: 10% (down from 11% in 2Q 2025). Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Electrical industry in Japan. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Sep 11
Upcoming dividend of JP¥50.00 per share Eligible shareholders must have bought the stock before 18 September 2025. Payment date: 26 November 2025. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%). Announcement • Sep 01
Mirai Industry Co.,Ltd. to Report Q2, 2026 Results on Oct 23, 2025 Mirai Industry Co.,Ltd. announced that they will report Q2, 2026 results on Oct 23, 2025 Reported Earnings • Jul 25
First quarter 2026 earnings released: EPS: JP¥63.92 (vs JP¥69.91 in 1Q 2025) First quarter 2026 results: EPS: JP¥63.92 (down from JP¥69.91 in 1Q 2025). Revenue: JP¥11.7b (up 4.8% from 1Q 2025). Net income: JP¥1.03b (down 8.4% from 1Q 2025). Profit margin: 8.8% (down from 10% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Electrical industry in Japan. Over the last 3 years on average, earnings per share has increased by 29% per year whereas the company’s share price has increased by 33% per year. Declared Dividend • Jul 18
Final dividend of JP¥50.00 announced Shareholders will receive a dividend of JP¥50.00. Ex-date: 18th September 2025 Payment date: 26th November 2025 Dividend yield will be 4.4%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is covered by both earnings (50% earnings payout ratio) and cash flows (44% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 3.9% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jun 19
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: JP¥300 (down from JP¥304 in FY 2024). Revenue: JP¥45.1b (up 2.3% from FY 2024). Net income: JP¥4.83b (down 5.5% from FY 2024). Profit margin: 11% (in line with FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.9%. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Electrical industry in Japan. Over the last 3 years on average, earnings per share has increased by 32% per year whereas the company’s share price has increased by 30% per year. Announcement • Jun 03
Mirai Industry Co.,Ltd. to Report Q1, 2026 Results on Jul 24, 2025 Mirai Industry Co.,Ltd. announced that they will report Q1, 2026 results on Jul 24, 2025 Reported Earnings • Apr 25
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: JP¥300 (down from JP¥304 in FY 2024). Revenue: JP¥45.1b (up 2.3% from FY 2024). Net income: JP¥4.83b (down 5.5% from FY 2024). Profit margin: 11% (in line with FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.9%. Revenue is forecast to grow 2.5% p.a. on average during the next 2 years, compared to a 4.1% growth forecast for the Electrical industry in Japan. Over the last 3 years on average, earnings per share has increased by 32% per year whereas the company’s share price has increased by 36% per year. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥3,160, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 10x in the Electrical industry in Japan. Total returns to shareholders of 133% over the past three years. Upcoming Dividend • Mar 11
Upcoming dividend of JP¥80.00 per share Eligible shareholders must have bought the stock before 18 March 2025. Payment date: 28 May 2025. Payout ratio is a comfortable 48% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.0%). Announcement • Mar 01
Mirai Industry Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 24, 2025 Mirai Industry Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 24, 2025 New Risk • Feb 03
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 1.1% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Jan 29
Third quarter 2025 earnings released: EPS: JP¥95.94 (vs JP¥104 in 3Q 2024) Third quarter 2025 results: EPS: JP¥95.94 (down from JP¥104 in 3Q 2024). Revenue: JP¥12.6b (up 1.8% from 3Q 2024). Net income: JP¥1.55b (down 10% from 3Q 2024). Profit margin: 12% (down from 14% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Electrical industry in Japan. Over the last 3 years on average, earnings per share has increased by 32% per year whereas the company’s share price has increased by 36% per year. Announcement • Dec 03
Mirai Industry Co.,Ltd. to Report Q3, 2025 Results on Jan 28, 2025 Mirai Industry Co.,Ltd. announced that they will report Q3, 2025 results on Jan 28, 2025 Declared Dividend • Nov 27
First half dividend of JP¥80.00 announced Shareholders will receive a dividend of JP¥80.00. Ex-date: 18th March 2025 Payment date: 28th May 2025 Dividend yield will be 3.5%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is well covered by both earnings (31% earnings payout ratio) and cash flows (47% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 6.3% over the next 3 years. However, it would need to fall by 66% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • Oct 26
Second quarter 2025 earnings released: EPS: JP¥78.81 (vs JP¥70.29 in 2Q 2024) Second quarter 2025 results: EPS: JP¥78.81 (up from JP¥70.29 in 2Q 2024). Revenue: JP¥11.2b (up 5.6% from 2Q 2024). Net income: JP¥1.27b (up 5.0% from 2Q 2024). Profit margin: 11% (in line with 2Q 2024). Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Electrical industry in Japan. Over the last 3 years on average, earnings per share has increased by 29% per year whereas the company’s share price has increased by 25% per year. Buy Or Sell Opportunity • Sep 26
Now 21% overvalued Over the last 90 days, the stock has fallen 8.6% to JP¥3,635. The fair value is estimated to be JP¥3,006, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.5% over the last 3 years. Earnings per share has grown by 24%. Revenue is forecast to grow by 6.9% in 2 years. Earnings are forecast to decline by 9.0% in the next 2 years. Upcoming Dividend • Sep 12
Upcoming dividend of JP¥50.00 per share Eligible shareholders must have bought the stock before 19 September 2024. Payment date: 27 November 2024. Payout ratio is a comfortable 48% and this is well supported by cash flows. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (3.9%). Higher than average of industry peers (2.1%). Announcement • Aug 27
Mirai Industry Co.,Ltd. to Report Q2, 2025 Results on Oct 24, 2024 Mirai Industry Co.,Ltd. announced that they will report Q2, 2025 results on Oct 24, 2024 Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥3,015, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Electrical industry in Japan. Total returns to shareholders of 104% over the past three years. Reported Earnings • Jul 26
First quarter 2025 earnings released: EPS: JP¥69.91 (vs JP¥60.54 in 1Q 2024) First quarter 2025 results: EPS: JP¥69.91 (up from JP¥60.54 in 1Q 2024). Revenue: JP¥11.1b (flat on 1Q 2024). Net income: JP¥1.13b (up 8.2% from 1Q 2024). Profit margin: 10% (in line with 1Q 2024). Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Electrical industry in Japan. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Jul 11
Final dividend of JP¥50.00 announced Shareholders will receive a dividend of JP¥50.00. Ex-date: 19th September 2024 Payment date: 27th November 2024 Dividend yield will be 3.9%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is covered by earnings (29% earnings payout ratio) but not covered by cash flows (116% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 4.1% over the next 3 years. However, it would need to fall by 68% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • Jun 19
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: JP¥304 (up from JP¥159 in FY 2023). Revenue: JP¥44.1b (up 11% from FY 2023). Net income: JP¥5.12b (up 87% from FY 2023). Profit margin: 12% (up from 6.9% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.4%. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Electrical 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 33% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jun 02
Mirai Industry Co.,Ltd. to Report Q1, 2025 Results on Jul 24, 2024 Mirai Industry Co.,Ltd. announced that they will report Q1, 2025 results on Jul 24, 2024 Reported Earnings • Apr 26
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: JP¥304 (up from JP¥159 in FY 2023). Revenue: JP¥44.1b (up 11% from FY 2023). Net income: JP¥5.12b (up 87% from FY 2023). Profit margin: 12% (up from 6.9% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.4%. Revenue is forecast to grow 3.1% p.a. on average during the next 2 years, compared to a 4.2% growth forecast for the Electrical 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 31% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Mar 11
Upcoming dividend of JP¥84.00 per share Eligible shareholders must have bought the stock before 18 March 2024. Payment date: 29 May 2024. Payout ratio is a comfortable 29% and the cash payout ratio is 90%. Trailing yield: 3.6%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.9%). Announcement • Feb 28
Mirai Industry Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 25, 2024 Mirai Industry Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 25, 2024 New Risk • Jan 30
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 1.2% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (173% cash payout ratio). Share price has been volatile over the past 3 months (7.1% average weekly change). Reported Earnings • Jan 26
Third quarter 2024 earnings released: EPS: JP¥104 (vs JP¥57.83 in 3Q 2023) Third quarter 2024 results: EPS: JP¥104 (up from JP¥57.83 in 3Q 2023). Revenue: JP¥12.4b (up 14% from 3Q 2023). Net income: JP¥1.73b (up 74% from 3Q 2023). Profit margin: 14% (up from 9.1% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Electrical industry in Japan. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jan 26
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to JP¥4,325, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 13x in the Electrical industry in Japan. Total returns to shareholders of 178% over the past three years. Announcement • Nov 29
Mirai Industry Co.,Ltd. to Report Q3, 2024 Results on Jan 25, 2024 Mirai Industry Co.,Ltd. announced that they will report Q3, 2024 results on Jan 25, 2024 New Risk • Nov 08
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 Dividend is not well covered by cash flows (172% cash payout ratio). Share price has been volatile over the past 3 months (5.5% average weekly change). Announcement • Nov 08
Mirai Industry Co.,Ltd. (TSE:7931) announces an Equity Buyback for 1,110,000 shares, representing 6.17% for ¥3,624.15 million. Mirai Industry Co.,Ltd. (TSE:7931) announces a share repurchase program. Under the program, the company will repurchase up to 1,110,000 shares, representing 6.17% of its share capital, for ¥3,624.15 million. The shares will be repurchased at a price of ¥3,265 per share. The company will repurchase its shares in order to implement a flexible capital policy in response to changes in the business environment. As of September 20, 2023, the company had 18,002,807 shares outstanding (excluding treasury shares) and 7,604,279 shares in treasury. Reported Earnings • Oct 28
Second quarter 2024 earnings released: EPS: JP¥70.29 (vs JP¥41.74 in 2Q 2023) Second quarter 2024 results: EPS: JP¥70.29 (up from JP¥41.74 in 2Q 2023). Revenue: JP¥10.6b (up 12% from 2Q 2023). Net income: JP¥1.21b (up 69% from 2Q 2023). Profit margin: 11% (up from 7.6% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Electrical industry in Japan. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Sep 12
Upcoming dividend of JP¥50.00 per share at 3.4% yield Eligible shareholders must have bought the stock before 19 September 2023. Payment date: 28 November 2023. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 3.4%. Within top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.9%). Announcement • Aug 27
Mirai Industry Co.,Ltd. to Report Q2, 2024 Results on Oct 26, 2023 Mirai Industry Co.,Ltd. announced that they will report Q2, 2024 results on Oct 26, 2023 Reported Earnings • Jul 27
First quarter 2024 earnings released: EPS: JP¥60.54 (vs JP¥30.42 in 1Q 2023) First quarter 2024 results: EPS: JP¥60.54 (up from JP¥30.42 in 1Q 2023). Revenue: JP¥11.1b (up 15% from 1Q 2023). Net income: JP¥1.04b (up 99% from 1Q 2023). Profit margin: 9.4% (up from 5.4% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Jun 21
Full year 2023 earnings released: EPS: JP¥159 (vs JP¥147 in FY 2022) Full year 2023 results: EPS: JP¥159 (up from JP¥147 in FY 2022). Revenue: JP¥39.6b (up 7.2% from FY 2022). Net income: JP¥2.74b (up 8.3% from FY 2022). Profit margin: 6.9% (in line with FY 2022). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Announcement • May 31
Mirai Industry Co.,Ltd. to Report Q1, 2024 Results on Jul 26, 2023 Mirai Industry Co.,Ltd. announced that they will report Q1, 2024 results on Jul 26, 2023 Reported Earnings • Apr 29
Full year 2023 earnings released: EPS: JP¥159 (vs JP¥147 in FY 2022) Full year 2023 results: EPS: JP¥159 (up from JP¥147 in FY 2022). Revenue: JP¥39.6b (up 7.2% from FY 2022). Net income: JP¥2.74b (up 8.3% from FY 2022). Profit margin: 6.9% (in line with FY 2022). Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 4% per year. Valuation Update With 7 Day Price Move • Apr 28
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to JP¥2,178, the stock trades at a trailing P/E ratio of 14.7x. Average trailing P/E is 11x in the Electrical industry in Japan. Total returns to shareholders of 24% over the past three years. Upcoming Dividend • Mar 10
Upcoming dividend of JP¥25.00 per share at 3.1% yield Eligible shareholders must have bought the stock before 17 March 2023. Payment date: 30 May 2023. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.9%). Reported Earnings • Jan 27
Third quarter 2023 earnings released: EPS: JP¥57.83 (vs JP¥54.63 in 3Q 2022) Third quarter 2023 results: EPS: JP¥57.83 (up from JP¥54.63 in 3Q 2022). Revenue: JP¥10.9b (up 6.8% from 3Q 2022). Net income: JP¥995.0m (up 6.0% from 3Q 2022). Profit margin: 9.1% (down from 9.2% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 11% per year, which means it is performing significantly worse than earnings. Announcement • Dec 01
Mirai Industry Co.,Ltd. to Report Q3, 2023 Results on Jan 26, 2023 Mirai Industry Co.,Ltd. announced that they will report Q3, 2023 results on Jan 26, 2023 Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 6 highly experienced directors. No independent directors (8 non-independent directors). External Director Hideo Hirose was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Oct 27
Second quarter 2023 earnings released: EPS: JP¥41.74 (vs JP¥41.84 in 2Q 2022) Second quarter 2023 results: EPS: JP¥41.74 (down from JP¥41.84 in 2Q 2022). Revenue: JP¥9.49b (up 2.6% from 2Q 2022). Net income: JP¥718.0m (flat on 2Q 2022). Profit margin: 7.6% (down from 7.8% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 09
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 16 September 2022. Payment date: 29 November 2022. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.8%). Announcement • Aug 31
Mirai Industry Co.,Ltd. to Report Q2, 2023 Results on Oct 25, 2022 Mirai Industry Co.,Ltd. announced that they will report Q2, 2023 results on Oct 25, 2022 Reported Earnings • Jul 30
First quarter 2023 earnings released: EPS: JP¥30.42 (vs JP¥32.88 in 1Q 2022) First quarter 2023 results: EPS: JP¥30.42 (down from JP¥32.88 in 1Q 2022). Revenue: JP¥9.65b (up 8.0% from 1Q 2022). Net income: JP¥523.0m (down 7.4% from 1Q 2022). Profit margin: 5.4% (down from 6.3% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 7% per year, which means it is performing significantly worse than earnings. Reported Earnings • Jun 19
Full year 2022 earnings released: EPS: JP¥147 (vs JP¥165 in FY 2021) Full year 2022 results: EPS: JP¥147 (down from JP¥165 in FY 2021). Revenue: JP¥36.9b (up 2.3% from FY 2021). Net income: JP¥2.53b (down 10% from FY 2021). Profit margin: 6.9% (down from 7.8% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 9% per year, which means it is performing significantly worse than earnings. Reported Earnings • Apr 30
Full year 2022 earnings released: EPS: JP¥147 (vs JP¥165 in FY 2021) Full year 2022 results: EPS: JP¥147 (down from JP¥165 in FY 2021). Revenue: JP¥36.9b (up 2.3% from FY 2021). Net income: JP¥2.53b (down 10% from FY 2021). Profit margin: 6.9% (down from 7.8% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 4 highly experienced directors. No independent directors (8 non-independent directors). External Director Hideo Hirose was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Announcement • Apr 08
Mirai Industry Co.,Ltd. to Report Fiscal Year 2022 Results on Apr 27, 2022 Mirai Industry Co.,Ltd. announced that they will report fiscal year 2022 results on Apr 27, 2022 Upcoming Dividend • Mar 10
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 17 March 2022. Payment date: 01 June 2022. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.9%). Reported Earnings • Jan 28
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥54.63 (down from JP¥58.74 in 3Q 2021). Revenue: JP¥10.2b (up 2.2% from 3Q 2021). Net income: JP¥939.0m (down 6.9% from 3Q 2021). Profit margin: 9.2% (in line with 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 27
Second quarter 2022 earnings released: EPS JP¥41.84 (vs JP¥34.47 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥9.25b (up 6.3% from 2Q 2021). Net income: JP¥719.0m (up 22% from 2Q 2021). Profit margin: 7.8% (up from 6.8% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 8% per year, which means it is performing significantly worse than earnings. Upcoming Dividend • Sep 09
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 16 September 2021. Payment date: 27 November 2021. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (1.2%). Reported Earnings • Jul 28
First quarter 2022 earnings released: EPS JP¥32.88 (vs JP¥24.17 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥8.94b (up 1.7% from 1Q 2021). Net income: JP¥565.0m (up 36% from 1Q 2021). Profit margin: 6.3% (up from 4.7% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 20
Full year 2021 earnings released: EPS JP¥165 (vs JP¥158 in FY 2020) The company reported a mediocre full year result with weaker revenues, although earnings were flat and profit margins improved. Full year 2021 results: Revenue: JP¥36.1b (down 4.0% from FY 2020). Net income: JP¥2.83b (flat on FY 2020). Profit margin: 7.8% (up from 7.5% 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 2% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 29
Full year 2021 earnings released: EPS JP¥165 (vs JP¥158 in FY 2020) The company reported a mediocre full year result with weaker revenues, although earnings were flat and profit margins improved. Full year 2021 results: Revenue: JP¥36.1b (down 4.0% from FY 2020). Net income: JP¥2.83b (flat on FY 2020). Profit margin: 7.8% (up from 7.5% 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 2% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Upcoming Dividend • Mar 11
Upcoming Dividend of JP¥20.00 Per Share Will be paid on the 1st of June to those who are registered shareholders by the 18th of March. The trailing yield of 2.3% is below the top quartile of Japanese dividend payers (2.8%), but it is higher than industry peers (1.3%). Announcement • Feb 28
Mirai Industry Co.,Ltd. to Report Q4, 2021 Results on Apr 27, 2021 Mirai Industry Co.,Ltd. announced that they will report Q4, 2021 results on Apr 27, 2021 Reported Earnings • Feb 07
Third quarter 2021 earnings released: EPS JP¥58.74 (vs JP¥55.92 in 3Q 2020) The company reported a mediocre third quarter result with weaker revenues, although profit margins were flat and earnings improved. Third quarter 2021 results: Revenue: JP¥10.00b (down 1.9% from 3Q 2020). Net income: JP¥1.01b (up 5.1% from 3Q 2020). Profit margin: 10% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Reported Earnings • Jan 28
Third quarter 2021 earnings released: EPS JP¥58.74 (vs JP¥55.92 in 3Q 2020) The company reported a mediocre third quarter result with weaker revenues, although profit margins were flat and earnings improved. Third quarter 2021 results: Revenue: JP¥10.00b (down 1.9% from 3Q 2020). Net income: JP¥1.01b (up 5.1% from 3Q 2020). Profit margin: 10% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Dec 21
New 90-day low: JP¥1,695 The company is down 20% from its price of JP¥2,108 on 18 September 2020. The Japanese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electrical industry, which is up 22% over the same period.