Reported Earnings • Jun 21
Full year 2026 earnings: EPS misses analyst expectations Full year 2026 results: EPS: JP¥177 (down from JP¥401 in FY 2025). Revenue: JP¥80.1b (down 6.0% from FY 2025). Net income: JP¥3.33b (down 56% from FY 2025). Profit margin: 4.2% (down from 9.0% in FY 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 31%. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings. Announcement • Jun 03
Asahi Yukizai Corporation to Report Q1, 2027 Results on Jul 31, 2026 Asahi Yukizai Corporation announced that they will report Q1, 2027 results on Jul 31, 2026 Reported Earnings • May 20
Full year 2026 earnings: EPS misses analyst expectations Full year 2026 results: EPS: JP¥177 (down from JP¥401 in FY 2025). Revenue: JP¥80.1b (down 6.0% from FY 2025). Net income: JP¥3.33b (down 56% from FY 2025). Profit margin: 4.2% (down from 9.0% in FY 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 31%. Revenue is forecast to grow 5.0% p.a. on average during the next 2 years, compared to a 4.8% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Announcement • May 16
Asahi Yukizai Corporation, Annual General Meeting, Jun 19, 2026 Asahi Yukizai Corporation, Annual General Meeting, Jun 19, 2026. Buy Or Sell Opportunity • May 14
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 21% to JP¥6,000. The fair value is estimated to be JP¥4,944, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 13%. Revenue is forecast to grow by 6.4% in 2 years. Earnings are forecast to decline by 4.9% in the next 2 years. Announcement • May 09
Asahi Yukizai Corporation to Report Fiscal Year 2026 Results on May 15, 2026 Asahi Yukizai Corporation announced that they will report fiscal year 2026 results on May 15, 2026 Buy Or Sell Opportunity • Apr 15
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 3.3% to JP¥5,700. The fair value is estimated to be JP¥4,738, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 13%. Revenue is forecast to grow by 6.4% in 2 years. Earnings are forecast to decline by 4.9% in the next 2 years. Buy Or Sell Opportunity • Mar 25
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 7.3% to JP¥5,760. The fair value is estimated to be JP¥4,679, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 13%. Revenue is forecast to grow by 6.4% in 2 years. Earnings are forecast to decline by 4.9% in the next 2 years. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥60.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 19 June 2026. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (2.3%). New Risk • Mar 02
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 7.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.7% average weekly change). Profit margins are more than 30% lower than last year (6.8% net profit margin). Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to JP¥6,080, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 15x in the Chemicals industry in Japan. Total returns to shareholders of 124% over the past three years. Buy Or Sell Opportunity • Jan 31
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 12% to JP¥5,400. The fair value is estimated to be JP¥4,477, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 13%. Revenue is forecast to grow by 9.1% in 2 years. Earnings are forecast to grow by 34% in the next 2 years. Announcement • Jan 30
Asahi Yukizai Corporation Revises Consolidated Earnings Guidance for the Full Year Ending March 31, 2026 Asahi Yukizai Corporation revised consolidated earnings guidance for the full year ending March 31, 2026. For the period, the company expects as net sales of JPY 80,000 million, operating profit of JPY 7,000 million, Profit attributable to owners of parent JPY 4,800 million, and basic earnings per share of JPY 255.54. Declared Dividend • Dec 09
First half dividend of JP¥60.00 announced Shareholders will receive a dividend of JP¥60.00. Ex-date: 30th March 2026 Payment date: 19th June 2026 Dividend yield will be 2.6%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by both earnings (32% earnings payout ratio) and cash flows (51% cash payout ratio). The dividend has increased by an average of 15% 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 24% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Nov 27
Asahi Yukizai Corporation to Report Q3, 2026 Results on Jan 30, 2026 Asahi Yukizai Corporation announced that they will report Q3, 2026 results on Jan 30, 2026 Major Estimate Revision • Nov 12
Consensus EPS estimates fall by 18% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from JP¥86.0b to JP¥80.5b. EPS estimate also fell from JP¥383 per share to JP¥314 per share. Net income forecast to shrink 9.8% next year vs 12% growth forecast for Chemicals industry in Japan . Consensus price target of JP¥5,200 unchanged from last update. Share price fell 3.1% to JP¥4,410 over the past week. Reported Earnings • Nov 01
Second quarter 2026 earnings released: EPS: JP¥87.89 (vs JP¥105 in 2Q 2025) Second quarter 2026 results: EPS: JP¥87.89 (down from JP¥105 in 2Q 2025). Revenue: JP¥19.8b (down 7.8% from 2Q 2025). Net income: JP¥1.65b (down 18% from 2Q 2025). Profit margin: 8.3% (down from 9.3% in 2Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Chemicals industry in Japan. 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 23% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥60.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 09 December 2025. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (2.6%). Announcement • Sep 01
Asahi Yukizai Corporation to Report Q2, 2026 Results on Oct 31, 2025 Asahi Yukizai Corporation announced that they will report Q2, 2026 results on Oct 31, 2025 Reported Earnings • Aug 02
First quarter 2026 earnings released: EPS: JP¥72.41 (vs JP¥95.37 in 1Q 2025) First quarter 2026 results: EPS: JP¥72.41 (down from JP¥95.37 in 1Q 2025). Revenue: JP¥20.0b (down 1.1% from 1Q 2025). Net income: JP¥1.36b (down 25% from 1Q 2025). Profit margin: 6.8% (down from 9.0% in 1Q 2025). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Chemicals 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 25% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Jul 09
Final dividend of JP¥60.00 announced Shareholders will receive a dividend of JP¥60.00. Ex-date: 29th September 2025 Payment date: 9th December 2025 Dividend yield will be 2.8%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is well covered by both earnings (22% earnings payout ratio) and cash flows (40% cash payout ratio). The dividend has increased by an average of 15% 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 33% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jun 19
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: EPS: JP¥401 (down from JP¥594 in FY 2024). Revenue: JP¥85.2b (down 2.6% from FY 2024). Net income: JP¥7.62b (down 33% from FY 2024). Profit margin: 9.0% (down from 13% in FY 2024). The decrease in margin was primarily driven by lower revenue. Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) missed analyst estimates by 4.5%. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Chemicals industry in Japan. 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 26% per year, which means it is tracking significantly ahead of earnings growth. Major Estimate Revision • Jun 06
Consensus EPS estimates fall by 18% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from JP¥87.0b to JP¥86.0b. EPS estimate also fell from JP¥462 per share to JP¥378 per share. Net income forecast to shrink 6.9% next year vs 5.7% growth forecast for Chemicals industry in Japan . Consensus price target down from JP¥5,500 to JP¥5,200. Share price fell 2.7% to JP¥3,820 over the past week. Price Target Changed • Jun 05
Price target decreased by 8.8% to JP¥5,200 Down from JP¥5,700, the current price target is provided by 1 analyst. New target price is 36% above last closing price of JP¥3,815. Stock is down 20% over the past year. The company is forecast to post earnings per share of JP¥378 for next year compared to JP¥401 last year. Announcement • May 31
Asahi Yukizai Corporation to Report Q1, 2026 Results on Jul 31, 2025 Asahi Yukizai Corporation announced that they will report Q1, 2026 results on Jul 31, 2025 Reported Earnings • May 20
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: EPS: JP¥401 (down from JP¥594 in FY 2024). Revenue: JP¥85.2b (down 2.6% from FY 2024). Net income: JP¥7.62b (down 33% from FY 2024). Profit margin: 9.0% (down from 13% in FY 2024). The decrease in margin was primarily driven by lower revenue. Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) missed analyst estimates by 4.5%. Revenue is forecast to grow 4.2% p.a. on average during the next 2 years, compared to a 4.6% growth forecast for the Chemicals industry in Japan. 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 26% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 15
Asahi Yukizai Corporation, Annual General Meeting, Jun 18, 2025 Asahi Yukizai Corporation, Annual General Meeting, Jun 18, 2025. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥55.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 24 June 2025. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (2.6%). Announcement • Mar 13
Asahi Yukizai Corporation to Report Fiscal Year 2025 Results on May 15, 2025 Asahi Yukizai Corporation announced that they will report fiscal year 2025 results on May 15, 2025 Announcement • Feb 27
Asahi Yukizai Corporation (TSE:4216) announces an Equity Buyback for 250,000 shares, for ¥963.75 million. Asahi Yukizai Corporation (TSE:4216) announces a share repurchase program. Under the program, the company will repurchase 250,000 shares, representing 1.3% of its share capital, at ¥963.75 per share for ¥3,855 million. The purpose of the program is to implement a flexible capital policy that responds to changes in the business environment. As of January 31, 2025, the company had 19,183,595 shares outstanding (excluding treasury shares) and 616,805 shares in treasury. Announcement • Feb 26
Asahi Yukizai Corporation Revises Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2025 Asahi Yukizai Corporation revised consolidated earnings guidance for the fiscal year ending March 31, 2025. For the year, company now expects net sales to be JPY 84,000 million, Operating profit to be JPY 10,500 millions, Profit attributable to owners of parent to be JPY 7,300 millions and Basic earnings per share to be JPY 383.90 against the previously forecasted net sales to be JPY 87,000 millions, Operating profit to be JPY 12,000 millions, Profit attributable to owners of parent to be JPY 8,500 millions and Basic earnings per share to be JPY 447.00. The consolidated business results for the full fiscal year ending March 2025 are now estimated to be smaller than those formerly announced in terms of both sales and profit, mainly due to the postponement or review of the projects related to semiconductor production in the Valve & Piping Systems Divisions and to the decreased sales of foundry materials products in the Resin Divisions. The company have not revised the estimated dividend payment. Major Estimate Revision • Feb 08
Consensus EPS estimates fall by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from JP¥85.0b to JP¥83.5b. EPS estimate also fell from JP¥473 per share to JP¥420 per share. Net income forecast to shrink 7.3% next year vs 10% growth forecast for Chemicals industry in Japan . Consensus price target down from JP¥5,700 to JP¥5,500. Share price fell 2.1% to JP¥4,260 over the past week. Reported Earnings • Feb 01
Third quarter 2025 earnings released: EPS: JP¥119 (vs JP¥141 in 3Q 2024) Third quarter 2025 results: EPS: JP¥119 (down from JP¥141 in 3Q 2024). Revenue: JP¥21.4b (down 3.6% from 3Q 2024). Net income: JP¥2.26b (down 17% from 3Q 2024). Profit margin: 11% (down from 12% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 26% per year. Declared Dividend • Dec 10
First half dividend of JP¥55.00 announced Shareholders will receive a dividend of JP¥55.00. Ex-date: 28th March 2025 Payment date: 24th June 2025 Dividend yield will be 2.5%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is well covered by both earnings (21% earnings payout ratio) and cash flows (35% 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 34% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Nov 30
Asahi Yukizai Corporation to Report Q3, 2025 Results on Jan 31, 2025 Asahi Yukizai Corporation announced that they will report Q3, 2025 results on Jan 31, 2025 Reported Earnings • Nov 02
Second quarter 2025 earnings released: EPS: JP¥105 (vs JP¥141 in 2Q 2024) Second quarter 2025 results: EPS: JP¥105 (down from JP¥141 in 2Q 2024). Revenue: JP¥21.5b (down 5.7% from 2Q 2024). Net income: JP¥2.00b (down 26% from 2Q 2024). Profit margin: 9.3% (down from 12% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥55.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 04 December 2024. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.4%). Price Target Changed • Sep 05
Price target decreased by 9.2% to JP¥5,900 Down from JP¥6,500, the current price target is provided by 1 analyst. New target price is 52% above last closing price of JP¥3,875. Stock is down 5.5% over the past year. The company is forecast to post earnings per share of JP¥510 for next year compared to JP¥594 last year. Major Estimate Revision • Sep 05
Consensus EPS estimates fall by 13% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from JP¥88.0b to JP¥85.0b. EPS estimate also fell from JP¥584 per share to JP¥510 per share. Net income forecast to shrink 3.4% next year vs 11% growth forecast for Chemicals industry in Japan . Consensus price target down from JP¥6,500 to JP¥5,900. Share price fell 6.5% to JP¥3,875 over the past week. Announcement • Aug 27
Asahi Yukizai Corporation to Report Q2, 2025 Results on Oct 31, 2024 Asahi Yukizai Corporation announced that they will report Q2, 2025 results on Oct 31, 2024 Valuation Update With 7 Day Price Move • Aug 07
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥3,980, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 12x in the Chemicals industry in Japan. Total returns to shareholders of 203% over the past three years. Reported Earnings • Aug 02
First quarter 2025 earnings released: EPS: JP¥95.37 (vs JP¥144 in 1Q 2024) First quarter 2025 results: EPS: JP¥95.37 (down from JP¥144 in 1Q 2024). Revenue: JP¥20.2b (down 3.8% from 1Q 2024). Net income: JP¥1.81b (down 35% from 1Q 2024). Profit margin: 9.0% (down from 13% in 1Q 2024). Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 39% per year whereas the company’s share price has increased by 42% per year. Reported Earnings • Jun 28
Full year 2024 earnings: EPS in line with analyst expectations despite revenue beat Full year 2024 results: EPS: JP¥594 (up from JP¥492 in FY 2023). Revenue: JP¥87.4b (up 13% from FY 2023). Net income: JP¥11.4b (up 21% from FY 2023). Profit margin: 13% (in line with FY 2023). Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 46% 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 06
Asahi Yukizai Corporation to Report Q1, 2025 Results on Jul 31, 2024 Asahi Yukizai Corporation announced that they will report Q1, 2025 results on Jul 31, 2024 New Risk • May 22
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Reported Earnings • May 19
Full year 2024 earnings: EPS in line with analyst expectations despite revenue beat Full year 2024 results: EPS: JP¥594 (up from JP¥492 in FY 2023). Revenue: JP¥87.4b (up 13% from FY 2023). Net income: JP¥11.4b (up 21% from FY 2023). Profit margin: 13% (in line with FY 2023). Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 3.3% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 46% per year whereas the company’s share price has increased by 51% per year. Announcement • May 17
Asahi Yukizai Corporation, Annual General Meeting, Jun 21, 2024 Asahi Yukizai Corporation, Annual General Meeting, Jun 21, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥50.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 26 June 2024. Payout ratio is a comfortable 19% and the cash payout ratio is 81%. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.2%). In line with average of industry peers (2.1%). Announcement • Mar 20
Asahi Yukizai Corporation to Report Fiscal Year 2024 Results on May 15, 2024 Asahi Yukizai Corporation announced that they will report fiscal year 2024 results on May 15, 2024 Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥4,655, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 13x in the Chemicals industry in Japan. Total returns to shareholders of 243% over the past three years. Announcement • Mar 01
Asahi Yukizai Corporation (TSE:4216) announces an Equity Buyback for 200,000 shares, representing 1.03% for ¥861 million. Asahi Yukizai Corporation (TSE:4216) announces a share repurchase program. Under the program, the company will repurchase 200,000 shares, representing 1.03% of its share capital, at ¥4,305 per share for ¥861 million. The purpose of the program is to carry out flexible capital policy in response to changes in the business environment. As of January 31, 2024, the company had 19,353,809 shares outstanding (excluding treasury shares) and 446,591 shares in treasury. Price Target Changed • Feb 19
Price target increased by 9.3% to JP¥5,900 Up from JP¥5,400, the current price target is provided by 1 analyst. New target price is 49% above last closing price of JP¥3,965. Stock is up 40% over the past year. The company is forecast to post earnings per share of JP¥590 for next year compared to JP¥492 last year. Reported Earnings • Feb 02
Third quarter 2024 earnings released: EPS: JP¥141 (vs JP¥103 in 3Q 2023) Third quarter 2024 results: EPS: JP¥141 (up from JP¥103 in 3Q 2023). Revenue: JP¥22.3b (up 8.9% from 3Q 2023). Net income: JP¥2.70b (up 37% from 3Q 2023). Profit margin: 12% (up from 9.7% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth. Announcement • Dec 17
Asahi Yukizai Corporation to Report Q3, 2024 Results on Jan 31, 2024 Asahi Yukizai Corporation announced that they will report Q3, 2024 results on Jan 31, 2024 Major Estimate Revision • Nov 21
Consensus EPS estimates increase by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from JP¥85.0b to JP¥86.5b. EPS estimate increased from JP¥512 to JP¥569 per share. Net income forecast to grow 2.9% next year vs 13% growth forecast for Chemicals industry in Japan. Consensus price target broadly unchanged at JP¥5,500. Share price rose 8.2% to JP¥4,220 over the past week. Reported Earnings • Nov 02
Second quarter 2024 earnings released: EPS: JP¥141 (vs JP¥119 in 2Q 2023) Second quarter 2024 results: EPS: JP¥141 (up from JP¥119 in 2Q 2023). Revenue: JP¥22.8b (up 19% from 2Q 2023). Net income: JP¥2.71b (up 19% from 2Q 2023). Profit margin: 12% (in line with 2Q 2023). Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth. Announcement • Sep 28
Asahi Yukizai Corporation to Report Q2, 2024 Results on Oct 31, 2023 Asahi Yukizai Corporation announced that they will report Q2, 2024 results on Oct 31, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of JP¥40.00 per share at 2.2% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 05 December 2023. Payout ratio is a comfortable 13% but the company is paying out more than the cash it is generating. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.3%). Lower than average of industry peers (2.5%). New Risk • Aug 02
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 (155% cash payout ratio). Share price has been volatile over the past 3 months (5.5% average weekly change). Reported Earnings • Aug 01
First quarter 2024 earnings released: EPS: JP¥144 (vs JP¥80.20 in 1Q 2023) First quarter 2024 results: EPS: JP¥144 (up from JP¥80.20 in 1Q 2023). Revenue: JP¥21.0b (up 26% from 1Q 2023). Net income: JP¥2.77b (up 80% from 1Q 2023). Profit margin: 13% (up from 9.2% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 51% per year whereas the company’s share price has increased by 55% per year. Announcement • Jun 28
Asahi Yukizai Corporation to Report Q1, 2024 Results on Jul 31, 2023 Asahi Yukizai Corporation announced that they will report Q1, 2024 results on Jul 31, 2023 Announcement • May 17
Asahi Yukizai Corporation, Annual General Meeting, Jun 23, 2023 Asahi Yukizai Corporation, Annual General Meeting, Jun 23, 2023. Reported Earnings • May 17
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: JP¥492 (up from JP¥249 in FY 2022). Revenue: JP¥77.1b (up 19% from FY 2022). Net income: JP¥9.43b (up 98% from FY 2022). Profit margin: 12% (up from 7.4% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 27%. Revenue is forecast to grow 5.2% p.a. on average during the next 2 years, compared to a 3.7% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥30.00 per share at 1.9% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 27 June 2023. Payout ratio is a comfortable 9.3% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (2.8%). Reported Earnings • Feb 01
Third quarter 2023 earnings released: EPS: JP¥103 (vs JP¥82.30 in 3Q 2022) Third quarter 2023 results: EPS: JP¥103 (up from JP¥82.30 in 3Q 2022). Revenue: JP¥20.4b (up 15% from 3Q 2022). Net income: JP¥1.98b (up 25% from 3Q 2022). Profit margin: 9.7% (in line with 3Q 2022). Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Price Target Changed • Nov 16
Price target increased to JP¥5,100 Up from JP¥3,700, the current price target is provided by 1 analyst. New target price is 97% above last closing price of JP¥2,590. Stock is up 80% over the past year. The company is forecast to post earnings per share of JP¥386 for next year compared to JP¥249 last year. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 9 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Outside Director Daichi Arima was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 02
Second quarter 2023 earnings released: EPS: JP¥119 (vs JP¥61.09 in 2Q 2022) Second quarter 2023 results: EPS: JP¥119 (up from JP¥61.09 in 2Q 2022). Revenue: JP¥19.2b (up 22% from 2Q 2022). Net income: JP¥2.28b (up 95% from 2Q 2022). Profit margin: 12% (up from 7.4% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Nov 01
Investor sentiment improved over the past week After last week's 17% share price gain to JP¥2,750, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 9x in the Chemicals industry in Japan. Total returns to shareholders of 77% over the past three years. Announcement • Sep 24
Asahi Yukizai Corporation to Report Q2, 2023 Results on Oct 31, 2022 Asahi Yukizai Corporation announced that they will report Q2, 2023 results on Oct 31, 2022 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 06 December 2022. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (2.9%). Major Estimate Revision • Aug 10
Consensus EPS estimates increase by 18% The consensus outlook for earnings per share (EPS) in 2023 has improved. 2023 revenue forecast increased from JP¥70.5b to JP¥73.5b. EPS estimate increased from JP¥266 to JP¥313 per share. Net income forecast to grow 9.1% next year vs 2.9% growth forecast for Chemicals industry in Japan. Consensus price target up from JP¥3,700 to JP¥4,400. Share price was steady at JP¥2,249 over the past week. Reported Earnings • Jul 31
First quarter 2023 earnings released: EPS: JP¥80.20 (vs JP¥32.74 in 1Q 2022) First quarter 2023 results: EPS: JP¥80.20 (up from JP¥32.74 in 1Q 2022). Revenue: JP¥16.8b (up 23% from 1Q 2022). Net income: JP¥1.54b (up 145% from 1Q 2022). Profit margin: 9.2% (up from 4.6% in 1Q 2022). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 5.8%, compared to a 9.9% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 18% per year. Announcement • Jun 18
Asahi Yukizai Corporation to Report Q1, 2023 Results on Jul 29, 2022 Asahi Yukizai Corporation announced that they will report Q1, 2023 results on Jul 29, 2022 Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment improved over the past week After last week's 20% share price gain to JP¥2,259, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 9x in the Chemicals industry in Japan. Total returns to shareholders of 77% over the past three years. Reported Earnings • May 18
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: JP¥249 (up from JP¥146 in FY 2021). Revenue: JP¥64.7b (up 21% from FY 2021). Net income: JP¥4.77b (up 71% from FY 2021). Profit margin: 7.4% (up from 5.2% in FY 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.6%. Earnings per share (EPS) also surpassed analyst estimates by 21%. Over the next year, revenue is forecast to stay flat compared to a 7.4% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 11% per year. Announcement • May 18
Asahi Yukizai Corporation, Annual General Meeting, Jun 24, 2022 Asahi Yukizai Corporation, Annual General Meeting, Jun 24, 2022. Price Target Changed • Apr 27
Price target increased to JP¥3,300 Up from JP¥2,200, the current price target is provided by 1 analyst. New target price is 81% above last closing price of JP¥1,827. Stock is up 32% over the past year. The company is forecast to post earnings per share of JP¥206 for next year compared to JP¥146 last year. Board Change • Apr 27
No independent directors There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 9 experienced directors. No highly experienced directors. No independent directors (9 non-independent directors). Outside Director Daichi Arima was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Announcement • Apr 08
Asahi Yukizai Corporation to Report Fiscal Year 2022 Results on May 13, 2022 Asahi Yukizai Corporation announced that they will report fiscal year 2022 results on May 13, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 21 June 2022. Payout ratio is a comfortable 10% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.4%). In line with average of industry peers (2.6%). Reported Earnings • Feb 02
Third quarter 2022 earnings: EPS and revenues exceed analyst expectations Third quarter 2022 results: EPS: JP¥82.29 (up from JP¥42.77 in 3Q 2021). Revenue: JP¥17.8b (up 26% from 3Q 2021). Net income: JP¥1.58b (up 92% from 3Q 2021). Profit margin: 8.9% (up from 5.8% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 16%. Earnings per share (EPS) also surpassed analyst estimates by 21%. Over the next year, revenue is expected to shrink by 2.6% compared to a 7.3% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 9% per year. Price Target Changed • Dec 01
Price target increased to JP¥2,700 Up from JP¥2,200, the current price target is provided by 1 analyst. New target price is 77% above last closing price of JP¥1,524. Stock is up 3.0% over the past year. The company is forecast to post earnings per share of JP¥188 for next year compared to JP¥146 last year.