New Risk • Jun 23
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥16.0b (US$99.3m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 20% per year over the past 5 years. High level of non-cash earnings (35% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (1.4% net profit margin). Market cap is less than US$100m (JP¥16.0b market cap, or US$99.3m). New Risk • May 20
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.4% Last year net profit margin: 3.8% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 20% per year over the past 5 years. High level of non-cash earnings (35% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (1.4% net profit margin). Reported Earnings • May 20
Full year 2026 earnings released: EPS: JP¥29.36 (vs JP¥79.59 in FY 2025) Full year 2026 results: EPS: JP¥29.36 (down from JP¥79.59 in FY 2025). Revenue: JP¥15.0b (up 3.7% from FY 2025). Net income: JP¥204.0m (down 63% from FY 2025). Profit margin: 1.4% (down from 3.8% in FY 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Announcement • May 15
Yutaka Foods Corporation, Annual General Meeting, Jun 24, 2026 Yutaka Foods Corporation, Annual General Meeting, Jun 24, 2026. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 26 June 2026. The company last paid an ordinary dividend in October 2021. The average dividend yield among industry peers is 2.0%. Reported Earnings • Jan 31
Third quarter 2026 earnings released: EPS: JP¥1.58 (vs JP¥20.73 in 3Q 2025) Third quarter 2026 results: EPS: JP¥1.58 (down from JP¥20.73 in 3Q 2025). Revenue: JP¥3.71b (up 1.4% from 3Q 2025). Net income: JP¥11.0m (down 92% from 3Q 2025). Profit margin: 0.3% (down from 3.9% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Reported Earnings • Nov 02
Second quarter 2026 earnings released: EPS: JP¥25.33 (vs JP¥20.87 in 2Q 2025) Second quarter 2026 results: EPS: JP¥25.33 (up from JP¥20.87 in 2Q 2025). Revenue: JP¥3.61b (up 1.2% from 2Q 2025). Net income: JP¥176.0m (up 21% from 2Q 2025). Profit margin: 4.9% (up from 4.1% in 2Q 2025). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 05 December 2025. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (2.1%). Reported Earnings • Aug 02
First quarter 2026 earnings released: EPS: JP¥28.64 (vs JP¥23.17 in 1Q 2025) First quarter 2026 results: EPS: JP¥28.64 (up from JP¥23.17 in 1Q 2025). Revenue: JP¥3.68b (up 1.8% from 1Q 2025). Net income: JP¥199.0m (up 24% from 1Q 2025). Profit margin: 5.4% (up from 4.5% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Reported Earnings • May 14
Full year 2025 earnings released: EPS: JP¥79.59 (vs JP¥66.06 in FY 2024) Full year 2025 results: EPS: JP¥79.59 (up from JP¥66.06 in FY 2024). Revenue: JP¥14.5b (up 4.7% from FY 2024). Net income: JP¥553.0m (up 21% from FY 2024). Profit margin: 3.8% (up from 3.3% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Announcement • May 12
Yutaka Foods Corporation, Annual General Meeting, Jun 25, 2025 Yutaka Foods Corporation, Annual General Meeting, Jun 25, 2025. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥1,885, the stock trades at a trailing P/E ratio of 30.5x. Average trailing P/E is 15x in the Food industry in Japan. Total returns to shareholders of 9.8% over the past three years. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 27 June 2025. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (2.6%). Announcement • Feb 28
Yutaka Foods Corporation to Report Fiscal Year 2025 Results on May 12, 2025 Yutaka Foods Corporation announced that they will report fiscal year 2025 results on May 12, 2025 Reported Earnings • Feb 01
Third quarter 2025 earnings released: EPS: JP¥20.73 (vs JP¥16.41 in 3Q 2024) Third quarter 2025 results: EPS: JP¥20.73 (up from JP¥16.41 in 3Q 2024). Revenue: JP¥3.66b (up 2.0% from 3Q 2024). Net income: JP¥144.0m (up 26% from 3Q 2024). Profit margin: 3.9% (up from 3.2% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Reported Earnings • Nov 10
Second quarter 2025 earnings released: EPS: JP¥20.87 (vs JP¥13.10 in 2Q 2024) Second quarter 2025 results: EPS: JP¥20.87 (up from JP¥13.10 in 2Q 2024). Revenue: JP¥3.57b (up 1.9% from 2Q 2024). Net income: JP¥145.0m (up 59% from 2Q 2024). Profit margin: 4.1% (up from 2.6% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 05 December 2024. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (2.4%). Reported Earnings • Aug 03
First quarter 2025 earnings released: EPS: JP¥23.17 (vs JP¥23.17 in 1Q 2024) First quarter 2025 results: EPS: JP¥23.17 (up from JP¥23.17 in 1Q 2024). Revenue: JP¥3.62b (up 9.7% from 1Q 2024). Net income: JP¥161.0m (flat on 1Q 2024). Profit margin: 4.5% (down from 4.9% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Reported Earnings • May 13
Full year 2024 earnings released: EPS: JP¥66.06 (vs JP¥98.30 in FY 2023) Full year 2024 results: EPS: JP¥66.06 (down from JP¥98.30 in FY 2023). Revenue: JP¥13.8b (flat on FY 2023). Net income: JP¥459.0m (down 33% from FY 2023). Profit margin: 3.3% (down from 5.0% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Announcement • May 12
Yutaka Foods Corporation, Annual General Meeting, Jun 26, 2024 Yutaka Foods Corporation, Annual General Meeting, Jun 26, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 24 June 2024. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.7%). Announcement • Mar 02
Yutaka Foods Corporation to Report Fiscal Year 2024 Results on May 10, 2024 Yutaka Foods Corporation announced that they will report fiscal year 2024 results on May 10, 2024 Reported Earnings • Feb 02
Third quarter 2024 earnings released: EPS: JP¥16.41 (vs JP¥25.04 in 3Q 2023) Third quarter 2024 results: EPS: JP¥16.41 (down from JP¥25.04 in 3Q 2023). Revenue: JP¥3.59b (up 6.2% from 3Q 2023). Net income: JP¥114.0m (down 35% from 3Q 2023). Profit margin: 3.2% (down from 5.1% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Reported Earnings • Nov 02
Second quarter 2024 earnings released: EPS: JP¥13.10 (vs JP¥15.69 in 2Q 2023) Second quarter 2024 results: EPS: JP¥13.10 (down from JP¥15.69 in 2Q 2023). Revenue: JP¥3.50b (up 10% from 2Q 2023). Net income: JP¥91.0m (down 17% from 2Q 2023). Profit margin: 2.6% (down from 3.4% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥20.00 per share at 2.2% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 05 December 2023. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.6%). New Risk • Aug 02
New major risk - Revenue and earnings growth Earnings have declined by 2.4% per year over the past 5 years. 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 declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. 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 have declined by 2.4% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (106% cash payout ratio). Profit margins are more than 30% lower than last year (4.4% net profit margin). Reported Earnings • Aug 01
First quarter 2024 earnings released: EPS: JP¥23.17 (vs JP¥38.00 in 1Q 2023) First quarter 2024 results: EPS: JP¥23.17 (down from JP¥38.00 in 1Q 2023). Revenue: JP¥3.30b (down 12% from 1Q 2023). Net income: JP¥161.0m (down 39% from 1Q 2023). Profit margin: 4.9% (down from 7.1% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Reported Earnings • Jun 28
Full year 2023 earnings released: EPS: JP¥98.30 (vs JP¥145 in FY 2022) Full year 2023 results: EPS: JP¥98.30 (down from JP¥145 in FY 2022). Revenue: JP¥13.7b (down 8.5% from FY 2022). Net income: JP¥683.0m (down 32% from FY 2022). Profit margin: 5.0% (down from 6.7% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Reported Earnings • May 14
Full year 2023 earnings released: EPS: JP¥98.30 (vs JP¥145 in FY 2022) Full year 2023 results: EPS: JP¥98.30 (down from JP¥145 in FY 2022). Revenue: JP¥13.7b (down 8.5% from FY 2022). Net income: JP¥683.0m (down 32% from FY 2022). Profit margin: 5.0% (down from 6.7% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Announcement • May 14
Yutaka Foods Corporation, Annual General Meeting, Jun 21, 2023 Yutaka Foods Corporation, Annual General Meeting, Jun 21, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥20.00 per share at 2.0% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 23 June 2023. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%). Reported Earnings • Feb 01
Third quarter 2023 earnings released: EPS: JP¥25.04 (vs JP¥38.14 in 3Q 2022) Third quarter 2023 results: EPS: JP¥25.04 (down from JP¥38.14 in 3Q 2022). Revenue: JP¥3.38b (down 10% from 3Q 2022). Net income: JP¥174.0m (down 34% from 3Q 2022). Profit margin: 5.1% (down from 7.0% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: JP¥15.69 (vs JP¥31.38 in 2Q 2022) Second quarter 2023 results: EPS: JP¥15.69 (down from JP¥31.38 in 2Q 2022). Revenue: JP¥3.17b (down 15% from 2Q 2022). Net income: JP¥109.0m (down 50% from 2Q 2022). Profit margin: 3.4% (down from 5.8% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 7% per year. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 3 highly experienced directors. 1 independent director (4 non-independent directors). Independent External Director Yoshinobu Nakamura was the last independent 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: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 02
Second quarter 2023 earnings released: EPS: JP¥15.69 (vs JP¥31.38 in 2Q 2022) Second quarter 2023 results: EPS: JP¥15.69 (down from JP¥31.38 in 2Q 2022). Revenue: JP¥3.17b (down 15% from 2Q 2022). Net income: JP¥109.0m (down 50% from 2Q 2022). Profit margin: 3.4% (down from 5.8% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 5% per year. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 06 December 2022. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.7%). Reported Earnings • Jul 31
First quarter 2023 earnings released: EPS: JP¥38.00 (vs JP¥44.90 in 1Q 2022) First quarter 2023 results: EPS: JP¥38.00 (down from JP¥44.90 in 1Q 2022). Revenue: JP¥3.73b (down 2.1% from 1Q 2022). Net income: JP¥264.0m (down 15% from 1Q 2022). Profit margin: 7.1% (down from 8.2% in 1Q 2022). 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 6% per year. Reported Earnings • May 18
Full year 2022 earnings released: EPS: JP¥145 (vs JP¥142 in FY 2021) Full year 2022 results: EPS: JP¥145 (up from JP¥142 in FY 2021). Revenue: JP¥15.0b (down 29% from FY 2021). Net income: JP¥1.01b (up 1.8% from FY 2021). Profit margin: 6.7% (up from 4.7% in FY 2021). The increase in margin was driven by lower expenses. 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 1% per year. Announcement • May 15
Yutaka Foods Corporation, Annual General Meeting, Jun 22, 2022 Yutaka Foods Corporation, Annual General Meeting, Jun 22, 2022. Agenda: AGM. 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. 7 experienced directors. 1 highly experienced director. No independent directors (5 non-independent directors). President, CEO & Representative Director Atsushi Hashimoto was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 24 June 2022. The company is not currently making a profit but it is cash flow positive. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.7%). Reported Earnings • Feb 02
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥38.14 (down from JP¥38.28 in 3Q 2021). Revenue: JP¥3.77b (down 32% from 3Q 2021). Net income: JP¥265.0m (flat on 3Q 2021). Profit margin: 7.0% (up from 4.8% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has remained flat. Reported Earnings • Oct 31
Second quarter 2022 earnings released: EPS JP¥31.38 (vs JP¥29.79 in 2Q 2021) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2022 results: Revenue: JP¥3.73b (down 26% from 2Q 2021). Net income: JP¥218.0m (up 5.3% from 2Q 2021). Profit margin: 5.8% (up from 4.1% in 2Q 2021). The increase in margin was driven by lower expenses. 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 3% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 22
Inaugural dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 07 December 2021. The company last paid an ordinary dividend in May 2012. The average dividend yield among industry peers is 1.5%. Reported Earnings • Aug 13
First quarter 2022 earnings released: EPS JP¥44.90 (vs JP¥42.31 in 1Q 2021) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2022 results: Revenue: JP¥3.81b (down 31% from 1Q 2021). Net income: JP¥312.0m (up 6.1% from 1Q 2021). Profit margin: 8.2% (up from 5.3% in 1Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 29
Full year 2021 earnings released: EPS JP¥142 (vs JP¥140 in FY 2020) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2021 results: Revenue: JP¥21.2b (up 4.7% from FY 2020). Net income: JP¥990.0m (up 1.4% from FY 2020). Profit margin: 4.7% (down from 4.8% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • May 18
Full year 2021 earnings released: EPS JP¥142 (vs JP¥140 in FY 2020) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2021 results: Revenue: JP¥21.2b (up 4.7% from FY 2020). Net income: JP¥990.0m (up 1.4% from FY 2020). Profit margin: 4.7% (down from 4.8% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Upcoming Dividend • Mar 23
Inaugural dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 25 June 2021. The company last paid an ordinary dividend in May 2012. The average dividend yield among industry peers is 1.5%. Reported Earnings • Feb 14
Third quarter 2021 earnings released: EPS JP¥38.28 (vs JP¥31.52 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were flat. Third quarter 2021 results: Revenue: JP¥5.51b (flat on 3Q 2020). Net income: JP¥266.0m (up 22% from 3Q 2020). Profit margin: 4.8% (up from 4.0% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Feb 03
New 90-day high: JP¥1,879 The company is up 7.0% from its price of JP¥1,750 on 05 November 2020. The Japanese market is up 14% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Food industry, which is up 4.0% over the same period. Is New 90 Day High Low • Jan 19
New 90-day high: JP¥1,849 The company is up 6.0% from its price of JP¥1,750 on 21 October 2020. The Japanese market is up 13% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Food industry, which is up 5.0% over the same period. Is New 90 Day High Low • Dec 02
New 90-day high: JP¥1,822 The company is up 6.0% from its price of JP¥1,725 on 03 September 2020. The Japanese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Food industry, which is down 3.0% over the same period. Announcement • Nov 29
Yutaka Foods Corporation to Report Q3, 2021 Results on Jan 29, 2021 Yutaka Foods Corporation announced that they will report Q3, 2021 results on Jan 29, 2021 Announcement • Aug 30
Yutaka Foods Corporation to Report Q2, 2021 Results on Oct 30, 2020 Yutaka Foods Corporation announced that they will report Q2, 2021 results on Oct 30, 2020