Announcement • May 27
Nachi-Fujikoshi Corp. to Report Q2, 2026 Results on Jul 14, 2026 Nachi-Fujikoshi Corp. announced that they will report Q2, 2026 results on Jul 14, 2026 Reported Earnings • Apr 07
First quarter 2026 earnings released: EPS: JP¥51.47 (vs JP¥62.83 in 1Q 2025) First quarter 2026 results: EPS: JP¥51.47 (down from JP¥62.83 in 1Q 2025). Revenue: JP¥60.2b (up 6.2% from 1Q 2025). Net income: JP¥1.12b (down 22% from 1Q 2025). Profit margin: 1.9% (down from 2.5% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Announcement • Apr 02
Nachi-Fujikoshi Corp. to Report Q1, 2026 Results on Apr 06, 2026 Nachi-Fujikoshi Corp. announced that they will report Q1, 2026 results on Apr 06, 2026 Price Target Changed • Jan 28
Price target increased by 23% to JP¥4,060 Up from JP¥3,300, the current price target is an average from 2 analysts. New target price is 17% below last closing price of JP¥4,915. Stock is up 45% over the past year. The company is forecast to post earnings per share of JP¥299 for next year compared to JP¥233 last year. Major Estimate Revision • Jan 28
Consensus EPS estimates increase by 18% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from JP¥253 to JP¥299. Revenue forecast steady at JP¥245.8b. Net income forecast to grow 26% next year vs 9.7% growth forecast for Machinery industry in Japan. Consensus price target up from JP¥3,300 to JP¥4,060. Share price was steady at JP¥4,915 over the past week. New Risk • Jan 15
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 5.6% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.6% average weekly change). Reported Earnings • Jan 15
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: JP¥233 (up from JP¥144 in FY 2024). Revenue: JP¥235.9b (down 1.7% from FY 2024). Net income: JP¥5.25b (up 57% from FY 2024). Profit margin: 2.2% (up from 1.4% in FY 2024). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 24%. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jan 14
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥5,460, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 16x in the Machinery industry in Japan. Total returns to shareholders of 64% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥10,501 per share. Announcement • Nov 28
Nachi-Fujikoshi Corp. to Report Fiscal Year 2025 Results on Jan 14, 2026 Nachi-Fujikoshi Corp. announced that they will report fiscal year 2025 results on Jan 14, 2026 Upcoming Dividend • Nov 20
Upcoming dividend of JP¥100.00 per share Eligible shareholders must have bought the stock before 27 November 2025. Payment date: 27 February 2026. Payout ratio is a comfortable 54% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.0%). Announcement • Nov 11
Nachi-Fujikoshi Corp. (TSE:6474) announces an Equity Buyback for 560,000 shares, representing 2.48% for ¥2,200.8 million. Nachi-Fujikoshi Corp. (TSE:6474) announces a share repurchase program. Under the program, the company will repurchase up to 560,000 shares, representing 2.48% of its issued share capital (excluding treasury stock), for a total purchase price of ¥2,200.8 million. The shares will be repurchased at a price of ¥3,930 per share. The purpose of the program is to purchase treasury shares in order to implement a flexible capital policy in response to changes
in the business environment. The program is valid till November 12, 2025. As of October 31, 2025, the company has 22,566,292 issued shares (excluding treasury stock) and 2,353,051 treasury shares. Reported Earnings • Oct 07
Third quarter 2025 earnings released: EPS: JP¥78.72 (vs JP¥85.87 in 3Q 2024) Third quarter 2025 results: EPS: JP¥78.72 (down from JP¥85.87 in 3Q 2024). Revenue: JP¥58.3b (down 4.0% from 3Q 2024). Net income: JP¥1.77b (down 12% from 3Q 2024). Profit margin: 3.0% (down from 3.3% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Announcement • Aug 09
Nachi-Fujikoshi Corp. to Report Q3, 2025 Results on Oct 06, 2025 Nachi-Fujikoshi Corp. announced that they will report Q3, 2025 results on Oct 06, 2025 Reported Earnings • Jul 17
Second quarter 2025 earnings released Second quarter 2025 results: Net income: (down JP¥423.0m from profit in 2Q 2024). Announcement • Jul 15
Nachi-Fujikoshi Corp. (TSE:6474) announces an Equity Buyback for 170,000 shares, representing 0.75% for ¥559.3 million. Nachi-Fujikoshi Corp. (TSE:6474) announces a share repurchase program. Under the program, the company will repurchase up to 170,000 shares, representing 0.75% of its issued share capital (excluding treasury stock), for a total purchase price of ¥559.3 million. The shares will be repurchased at a price of ¥3,290 per share. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment. The program is valid till July 16, 2025. As of June 30, 2025, the company has 22,734,551 issued shares (excluding treasury stock) and 2,184,792 treasury shares. Major Estimate Revision • May 28
Consensus EPS estimates fall by 16% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from JP¥246.4b to JP¥242.6b. EPS estimate also fell from JP¥235 per share to JP¥196 per share. Net income forecast to grow 8.9% next year vs 4.6% growth forecast for Machinery industry in Japan. Consensus price target of JP¥3,240 unchanged from last update. Share price was steady at JP¥3,065 over the past week. Announcement • May 03
Nachi-Fujikoshi Corp. to Report Q2, 2025 Results on Jul 15, 2025 Nachi-Fujikoshi Corp. announced that they will report Q2, 2025 results on Jul 15, 2025 Reported Earnings • Apr 04
First quarter 2025 earnings released: EPS: JP¥62.83 (vs JP¥15.27 in 1Q 2024) First quarter 2025 results: EPS: JP¥62.83 (up from JP¥15.27 in 1Q 2024). Revenue: JP¥56.7b (down 4.4% from 1Q 2024). Net income: JP¥1.43b (up 302% from 1Q 2024). Profit margin: 2.5% (up from 0.6% in 1Q 2024). Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 04
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: JP¥144 (down from JP¥277 in FY 2023). Revenue: JP¥239.9b (down 9.6% from FY 2023). Net income: JP¥3.35b (down 48% from FY 2023). Profit margin: 1.4% (down from 2.4% in FY 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) exceeded analyst estimates by 14%. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Announcement • Feb 26
Nachi-Fujikoshi Corp. (TSE:6474) announces an Equity Buyback for 290,000 shares, representing 1.26% for ¥943.95 million. Nachi-Fujikoshi Corp. (TSE:6474) announces a share repurchase program. Under the program, the company will repurchase up to 290,000 shares, representing 1.26% of its issued share capital (excluding treasury stock), for a total purchase price of ¥943.95 million. The shares will be repurchased at a price of ¥3,255 per share. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment. As of January 31, 2025, the company has 23,022,770 issued shares (excluding treasury stock) and 1,896,573 treasury shares. Announcement • Feb 22
Nachi-Fujikoshi Corp. to Report Q1, 2025 Results on Apr 03, 2025 Nachi-Fujikoshi Corp. announced that they will report Q1, 2025 results on Apr 03, 2025 Valuation Update With 7 Day Price Move • Jan 21
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥3,410, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 12x in the Machinery industry in Japan. Total loss to shareholders of 8.5% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥3,196 per share. Reported Earnings • Jan 15
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: JP¥144 (down from JP¥277 in FY 2023). Revenue: JP¥239.9b (down 9.6% from FY 2023). Net income: JP¥3.35b (down 48% from FY 2023). Profit margin: 1.4% (down from 2.4% in FY 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) exceeded analyst estimates by 14%. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Announcement • Jan 14
Nachi-Fujikoshi Corp., Annual General Meeting, Feb 26, 2025 Nachi-Fujikoshi Corp., Annual General Meeting, Feb 26, 2025. New Risk • Dec 16
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Announcement • Nov 23
Nachi-Fujikoshi Corp. to Report Fiscal Year 2024 Results on Jan 14, 2025 Nachi-Fujikoshi Corp. announced that they will report fiscal year 2024 results on Jan 14, 2025 Upcoming Dividend • Nov 21
Upcoming dividend of JP¥100.00 per share Eligible shareholders must have bought the stock before 28 November 2024. Payment date: 28 February 2025. Payout ratio is on the higher end at 87%, however this is supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.2%). Announcement • Nov 07
Nachi-Fujikoshi Corp. (TSE:6474) announces an Equity Buyback for 430,000 shares, for ¥1,380.3 million. Nachi-Fujikoshi Corp. (TSE:6474)announces a share repurchase program. Under the program, the company will repurchase up to 430,000 shares, representing 1.83% of the issued shares excluding treasury shares, for ¥1,380.3 million. The repurchase will be conducted at a maximum price of ¥3,210 per share. The purpose of the buyback is to execute a flexible capital policy in response to changes in the business environment. The company will announce the results of the repurchase on November 7, 2024. As of October 31, 2024, the company had 23,452,212 issued shares (excluding treasury stock) and 1,467,131 treasury shares. Reported Earnings • Oct 04
Third quarter 2024 earnings released: EPS: JP¥85.87 (vs JP¥67.49 in 3Q 2023) Third quarter 2024 results: EPS: JP¥85.87 (up from JP¥67.49 in 3Q 2023). Revenue: JP¥60.7b (down 6.5% from 3Q 2023). Net income: JP¥2.00b (up 27% from 3Q 2023). Profit margin: 3.3% (up from 2.4% in 3Q 2023). Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Announcement • Sep 03
Nachi-Fujikoshi Corp. (TSE:6474) announces an Equity Buyback for 56,500 shares, for ¥172.33 million. Nachi-Fujikoshi Corp. (TSE:6474) announces a share repurchase program. Under the program, the company will repurchase up to 56,500 shares, representing 0.24% of its issued share capital (excluding treasury stock), for a total purchase price of ¥196.06 million. The shares will be repurchased at a price of ¥3,050 per share. The purpose of the program is to implement flexible capital policies in response to changes in the business environment. As of August 31, 2024, the company had 23,508,792 issued shares (excluding treasury stock) and 1,410,551 treasury shares. Announcement • Aug 23
Nachi-Fujikoshi Corp. to Report Q3, 2024 Results on Oct 03, 2024 Nachi-Fujikoshi Corp. announced that they will report Q3, 2024 results on Oct 03, 2024 Major Estimate Revision • Aug 23
Consensus EPS estimates fall by 64% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from JP¥262.5b to JP¥243.7b. EPS estimate also fell from JP¥330 per share to JP¥120 per share. Net income forecast to grow 81% next year vs 12% growth forecast for Machinery industry in Japan. Consensus price target down from JP¥3,785 to JP¥3,185. Share price was steady at JP¥3,065 over the past week. Price Target Changed • Aug 22
Price target decreased by 15% to JP¥3,185 Down from JP¥3,760, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of JP¥3,090. Stock is down 20% over the past year. The company is forecast to post earnings per share of JP¥120 for next year compared to JP¥277 last year. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to JP¥2,704, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 12x in the Machinery industry in Japan. Total loss to shareholders of 34% over the past three years. Major Estimate Revision • Jul 30
Consensus EPS estimates fall by 21% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from JP¥268.0b to JP¥262.5b. EPS estimate also fell from JP¥416 per share to JP¥330 per share. Net income forecast to grow 259% next year vs 12% growth forecast for Machinery industry in Japan. Consensus price target broadly unchanged at JP¥3,785. Share price was steady at JP¥3,320 over the past week. Major Estimate Revision • Jul 26
Consensus EPS estimates increase by 30%, revenue downgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from JP¥268.0b to JP¥262.5b. EPS estimate rose from JP¥416 to JP¥541. Net income forecast to grow 356% next year vs 13% growth forecast for Machinery industry in Japan. Consensus price target broadly unchanged at JP¥3,785. Share price fell 4.0% to JP¥3,270 over the past week. Reported Earnings • Jul 15
Second quarter 2024 earnings released: EPS: JP¥18.14 (vs JP¥108 in 2Q 2023) Second quarter 2024 results: EPS: JP¥18.14 (down from JP¥108 in 2Q 2023). Revenue: JP¥59.4b (down 14% from 2Q 2023). Net income: JP¥423.0m (down 83% from 2Q 2023). Profit margin: 0.7% (down from 3.6% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has fallen by 14% per year whereas the company’s share price has fallen by 10% per year. Declared Dividend • Jul 13
Dividend of JP¥100.00 announced Shareholders will receive a dividend of JP¥100.00. Ex-date: 28th November 2024 Payment date: 28th February 2025 Dividend yield will be 3.0%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is covered by earnings (56% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 5.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 92% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 29
Nachi-Fujikoshi Corp. to Report Q2, 2024 Results on Jul 11, 2024 Nachi-Fujikoshi Corp. announced that they will report Q2, 2024 results on Jul 11, 2024 Announcement • May 25
Nachi-Fujikoshi Corp. (TSE:6474) announces an Equity Buyback for 56,500 shares, representing 0.24% for ¥196.06 million. Nachi-Fujikoshi Corp. (TSE:6474) announces a share repurchase program. Under the program, the company will repurchase up to 56,500 shares, representing 0.239752755077% of its issued share capital (excluding treasury stock), for a total purchase price of ¥196.06 million. The shares will be repurchased at a price of ¥3,470 per share. The purpose of the program is to implement flexible capital policies in response to changes in the business environment. As of April 30, 2024, the company had 23,565,944 issued shares (excluding treasury stock) and 1,353,399 treasury shares. Reported Earnings • Apr 06
First quarter 2024 earnings released: EPS: JP¥15.27 (vs JP¥94.17 in 1Q 2023) First quarter 2024 results: EPS: JP¥15.27 (down from JP¥94.17 in 1Q 2023). Revenue: JP¥59.3b (down 9.9% from 1Q 2023). Net income: JP¥356.0m (down 84% from 1Q 2023). Profit margin: 0.6% (down from 3.4% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Machinery 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 fallen by 10% per year, which means it is significantly lagging earnings. Announcement • Feb 18
Nachi-Fujikoshi Corp. to Report Q1, 2024 Results on Apr 04, 2024 Nachi-Fujikoshi Corp. announced that they will report Q1, 2024 results on Apr 04, 2024 Major Estimate Revision • Jan 30
Consensus EPS estimates fall by 19% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from JP¥276.1b to JP¥268.0b. EPS estimate also fell from JP¥513 per share to JP¥416 per share. Net income forecast to grow 50% next year vs 6.5% growth forecast for Machinery industry in Japan. Consensus price target down from JP¥4,445 to JP¥3,760. Share price fell 2.4% to JP¥3,445 over the past week. Price Target Changed • Jan 30
Price target decreased by 15% to JP¥3,760 Down from JP¥4,445, the current price target is an average from 2 analysts. New target price is 9.1% above last closing price of JP¥3,445. Stock is down 12% over the past year. The company is forecast to post earnings per share of JP¥541 for next year compared to JP¥277 last year. Reported Earnings • Jan 15
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: JP¥277 (down from JP¥513 in FY 2022). Revenue: JP¥265.5b (up 2.9% from FY 2022). Net income: JP¥6.47b (down 47% from FY 2022). Profit margin: 2.4% (down from 4.7% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.7%. Earnings per share (EPS) also missed analyst estimates by 44%. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • Jan 13
Nachi-Fujikoshi Corp., Annual General Meeting, Feb 27, 2024 Nachi-Fujikoshi Corp., Annual General Meeting, Feb 27, 2024. Announcement • Nov 23
Nachi-Fujikoshi Corp. to Report Fiscal Year 2023 Results on Jan 12, 2024 Nachi-Fujikoshi Corp. announced that they will report fiscal year 2023 results on Jan 12, 2024 Upcoming Dividend • Nov 22
Upcoming dividend of JP¥110 per share at 2.8% yield Eligible shareholders must have bought the stock before 29 November 2023. Payment date: 26 February 2024. Payout ratio is a comfortable 28% but the company is not cash flow positive. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (2.2%). Reported Earnings • Oct 06
Third quarter 2023 earnings released: EPS: JP¥67.48 (vs JP¥144 in 3Q 2022) Third quarter 2023 results: EPS: JP¥67.48 (down from JP¥144 in 3Q 2022). Revenue: JP¥64.9b (down 2.7% from 3Q 2022). Net income: JP¥1.57b (down 54% from 3Q 2022). Profit margin: 2.4% (down from 5.2% in 3Q 2022). Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Aug 24
Nachi-Fujikoshi Corp. to Report Q3, 2023 Results on Oct 04, 2023 Nachi-Fujikoshi Corp. announced that they will report Q3, 2023 results on Oct 04, 2023 Price Target Changed • Aug 02
Price target increased by 10.0% to JP¥4,900 Up from JP¥4,455, the current price target is an average from 2 analysts. New target price is 28% above last closing price of JP¥3,840. Stock is up 4.5% over the past year. The company is forecast to post earnings per share of JP¥500 for next year compared to JP¥513 last year. Reported Earnings • Jul 16
Second quarter 2023 earnings released: EPS: JP¥108 (vs JP¥145 in 2Q 2022) Second quarter 2023 results: EPS: JP¥108 (down from JP¥145 in 2Q 2022). Revenue: JP¥69.4b (up 12% from 2Q 2022). Net income: JP¥2.51b (down 27% from 2Q 2022). Profit margin: 3.6% (down from 5.6% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Machinery 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 5% per year, which means it is significantly lagging earnings growth. Announcement • May 26
Nachi-Fujikoshi Corp. to Report Q2, 2023 Results on Jul 13, 2023 Nachi-Fujikoshi Corp. announced that they will report Q2, 2023 results on Jul 13, 2023 Reported Earnings • Apr 08
First quarter 2023 earnings released: EPS: JP¥94.17 (vs JP¥99.96 in 1Q 2022) First quarter 2023 results: EPS: JP¥94.17 (down from JP¥99.96 in 1Q 2022). Revenue: JP¥65.8b (up 9.7% from 1Q 2022). Net income: JP¥2.22b (down 6.9% from 1Q 2022). Profit margin: 3.4% (down from 4.0% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Apr 05
Now 22% undervalued Over the last 90 days, the stock is up 8.1%. The fair value is estimated to be JP¥4,961, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.7% over the last 3 years. Earnings per share has grown by 36%. For the next 3 years, revenue is forecast to grow by 1.7% per annum. Earnings is also forecast to grow by 2.4% per annum over the same time period. Buying Opportunity • Mar 13
Now 21% undervalued Over the last 90 days, the stock is up 1.6%. The fair value is estimated to be JP¥4,906, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.7% over the last 3 years. Earnings per share has grown by 36%. For the next 3 years, revenue is forecast to grow by 1.7% per annum. Earnings is also forecast to grow by 2.4% per annum over the same time period. Announcement • Jan 14
Nachi-Fujikoshi Corp., Annual General Meeting, Feb 22, 2023 Nachi-Fujikoshi Corp., Annual General Meeting, Feb 22, 2023. Reported Earnings • Jan 13
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: EPS: JP¥513 (up from JP¥418 in FY 2021). Revenue: JP¥258.1b (up 13% from FY 2021). Net income: JP¥12.2b (up 23% from FY 2021). Profit margin: 4.7% (up from 4.4% in FY 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) missed analyst estimates by 3.3%. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Machinery 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 fallen by 8% per year, which means it is significantly lagging earnings. Buying Opportunity • Jan 05
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 8.6%. The fair value is estimated to be JP¥4,473, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 28%. For the next 3 years, revenue is forecast to grow by 2.5% per annum. Earnings is also forecast to grow by 2.5% per annum over the same time period. Announcement • Nov 25
Nachi-Fujikoshi Corp. to Report Fiscal Year 2022 Results on Jan 12, 2023 Nachi-Fujikoshi Corp. announced that they will report fiscal year 2022 results on Jan 12, 2023 Upcoming Dividend • Nov 22
Upcoming dividend of JP¥100.00 per share Eligible shareholders must have bought the stock before 29 November 2022. Payment date: 24 February 2023. Payout ratio is a comfortable 20% but the company is not cash flow positive. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (2.4%). Reported Earnings • Oct 08
Third quarter 2022 earnings released: EPS: JP¥144 (vs JP¥112 in 3Q 2021) Third quarter 2022 results: EPS: JP¥144 (up from JP¥112 in 3Q 2021). Revenue: JP¥66.7b (up 15% from 3Q 2021). Net income: JP¥3.45b (up 30% from 3Q 2021). Profit margin: 5.2% (up from 4.6% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Reported Earnings • Jul 17
Second quarter 2022 earnings: EPS exceeds analyst expectations Second quarter 2022 results: EPS: JP¥145 (up from JP¥122 in 2Q 2021). Revenue: JP¥62.1b (up 5.3% from 2Q 2021). Net income: JP¥3.45b (up 19% from 2Q 2021). Profit margin: 5.6% (up from 4.9% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 42%. Over the next year, revenue is forecast to grow 5.3%, compared to a 9.6% growth forecast for the industry in Japan. 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 8% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 06
First quarter 2022 earnings: EPS and revenues exceed analyst expectations First quarter 2022 results: EPS: JP¥99.95 (up from JP¥64.42 in 1Q 2021). Revenue: JP¥60.0b (up 13% from 1Q 2021). Net income: JP¥2.38b (up 52% from 1Q 2021). Profit margin: 4.0% (up from 3.0% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) also surpassed analyst estimates by 13%. Over the next year, revenue is forecast to grow 5.4%, compared to a 7.9% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • Jan 14
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: JP¥418 (up from JP¥101 in FY 2020). Revenue: JP¥229.1b (up 14% from FY 2020). Net income: JP¥9.99b (up 307% from FY 2020). Profit margin: 4.4% (up from 1.2% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 13%. Earnings per share (EPS) surpassed analyst estimates by 13%. Over the next year, revenue is forecast to grow 5.1%, compared to a 9.4% growth forecast for the industry in Japan. 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 2% per year, which means it is well ahead of earnings. Upcoming Dividend • Nov 22
Upcoming dividend of JP¥100.00 per share Eligible shareholders must have bought the stock before 29 November 2021. Payment date: 22 February 2022. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.7%). Reported Earnings • Oct 05
Third quarter 2021 earnings released: EPS JP¥112 (vs JP¥25.75 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥58.2b (up 29% from 3Q 2020). Net income: JP¥2.65b (up 323% from 3Q 2020). Profit margin: 4.6% (up from 1.4% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Price Target Changed • Sep 06
Price target increased to JP¥4,748 Up from JP¥4,415, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of JP¥4,555. Stock is up 28% over the past year. Reported Earnings • Jul 16
Second quarter 2021 earnings released: EPS JP¥122 (vs JP¥24.18 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥59.0b (up 24% from 2Q 2020). Net income: JP¥2.90b (up JP¥3.49b from 2Q 2020). Profit margin: 4.9% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 33% 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. Reported Earnings • Apr 04
First quarter 2021 earnings released: EPS JP¥64.42 (vs JP¥42.25 in 1Q 2020) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: JP¥53.1b (down 5.7% from 1Q 2020). Net income: JP¥1.57b (up 52% from 1Q 2020). Profit margin: 3.0% (up from 1.8% in 1Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Mar 12
New 90-day high: JP¥4,840 The company is up 15% from its price of JP¥4,210 on 11 December 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥4,282 per share. Announcement • Feb 16
Nachi-Fujikoshi Corp. to Report Q1, 2021 Results on Apr 02, 2021 Nachi-Fujikoshi Corp. announced that they will report Q1, 2021 results on Apr 02, 2021 Price Target Changed • Feb 02
Price target raised to JP¥4,558 Up from JP¥4,248, the current price target is an average from 4 analysts. The new target price is close to the current share price of JP¥4,355. As of last close, the stock is up 5.7% over the past year. Major Estimate Revision • Jan 30
Analysts lower EPS estimates to JP¥227 The 2021 consensus revenue estimate was lowered from JP¥220.5b to JP¥211.0b. Earning per share (EPS) estimate was also lowered from JP¥269 to JP¥227 for the same period. Net income is expected to grow by 125% next year compared to 14% growth forecast for the Machinery industry in Japan. The consensus price target increased from JP¥4,248 to JP¥4,395. Share price is down by 7.5% to JP¥4,170 over the past week. Analyst Estimate Surprise Post Earnings • Jan 19
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) also surpassed analyst estimates by 64%. Over the next year, revenue is forecast to grow 9.7%, compared to a 6.8% growth forecast for the Machinery industry in Japan. Announcement • Jan 16
Nachi-Fujikoshi Corp., Annual General Meeting, Feb 19, 2021 Nachi-Fujikoshi Corp., Annual General Meeting, Feb 19, 2021. Analyst Estimate Surprise Post Earnings • Jan 16
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) also surpassed analyst estimates by 64%. Over the next year, revenue is forecast to grow 6.1%, compared to a 6.7% growth forecast for the Machinery industry in Japan. Reported Earnings • Jan 15
Full year 2020 earnings released: EPS JP¥101 The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥201.1b (down 19% from FY 2019). Net income: JP¥2.46b (down 70% from FY 2019). Profit margin: 1.2% (down from 3.3% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.