Price Target Changed • Jun 18
Price target increased by 18% to JP¥2,833 Up from JP¥2,400, the current price target is an average from 3 analysts. New target price is 5.1% below last closing price of JP¥2,986. Stock is up 87% over the past year. The company is forecast to post earnings per share of JP¥260 for next year compared to JP¥253 last year. Live News • May 22
Nippon Light Metal Unveils 2035 Vision and 2026 Plan for Global Circular Growth Nippon Light Metal has set a 2035 Vision that positions the group as a global leader in circular value creation, with a focus on recycling and resource efficiency.
The company has launched a Medium-term Plan running to 2026 that centers on creating new value and transforming its processes.
The 2035 Vision is intended to clarify the group’s long-term role in society, while the 2026 plan provides a nearer-term roadmap for execution and communication with stakeholders.
The combination of a long-term vision and a defined 2026 plan provides a clearer framework for how management intends to align capital allocation, operations and sustainability priorities over the coming decade.
Investors may wish to pay attention to how specific targets, milestones and disclosures under the 2026 plan are articulated over time, as this will shape how progress toward the broader 2035 Vision can be assessed. Reported Earnings • May 20
Full year 2026 earnings: EPS and revenues exceed analyst expectations Full year 2026 results: EPS: JP¥253 (up from JP¥200 in FY 2025). Revenue: JP¥585.5b (up 6.4% from FY 2025). Net income: JP¥15.6b (up 26% from FY 2025). Profit margin: 2.7% (up from 2.2% in FY 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.7%. Earnings per share (EPS) also surpassed analyst estimates by 9.8%. Revenue is expected to decline by 1.2% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Japan are expected to grow by 3.6%. Over the last 3 years on average, earnings per share has increased by 30% per year and the company’s share price has also increased by 30% per year. Announcement • May 15
Nippon Light Metal Holdings Company, Ltd., Annual General Meeting, Jun 23, 2026 Nippon Light Metal Holdings Company, Ltd., Annual General Meeting, Jun 23, 2026. Announcement • May 09
Nippon Light Metal Holdings Company, Ltd. to Report Fiscal Year 2026 Results on May 15, 2026 Nippon Light Metal Holdings Company, Ltd. announced that they will report fiscal year 2026 results on May 15, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥55.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 25 June 2026. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.5%). Buy Or Sell Opportunity • Mar 19
Now 20% undervalued Over the last 90 days, the stock has risen 12% to JP¥2,736. The fair value is estimated to be JP¥3,433, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.9% over the last 3 years. Earnings per share has grown by 31%. For the next 3 years, revenue is forecast to decline by 0.7% per annum. Earnings are forecast to grow by 5.6% per annum over the same time period. Reported Earnings • Jan 31
Third quarter 2026 earnings released: EPS: JP¥97.55 (vs JP¥75.88 in 3Q 2025) Third quarter 2026 results: EPS: JP¥97.55 (up from JP¥75.88 in 3Q 2025). Revenue: JP¥148.4b (up 3.9% from 3Q 2025). Net income: JP¥6.01b (up 28% from 3Q 2025). Profit margin: 4.0% (up from 3.3% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 3.4% growth forecast for the Metals and Mining industry in Japan. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Announcement • Dec 23
Nippon Light Metal Holdings Company, Ltd. to Report Q3, 2026 Results on Jan 30, 2026 Nippon Light Metal Holdings Company, Ltd. announced that they will report Q3, 2026 results on Jan 30, 2026 Declared Dividend • Dec 02
First half dividend of JP¥55.00 announced Shareholders will receive a dividend of JP¥55.00. Ex-date: 30th March 2026 Payment date: 25th June 2026 Dividend yield will be 3.3%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (35% earnings payout ratio) and cash flows (36% cash payout ratio). The dividend has increased by an average of 4.8% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 32% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Nov 21
Now 20% undervalued Over the last 90 days, the stock has risen 18% to JP¥2,328. The fair value is estimated to be JP¥2,911, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.6% over the last 3 years. Earnings per share has grown by 26%. For the next 3 years, revenue is forecast to decline by 0.6% per annum. Earnings are forecast to grow by 7.1% per annum over the same time period. Buy Or Sell Opportunity • Nov 04
Now 23% undervalued Over the last 90 days, the stock has risen 20% to JP¥2,171. The fair value is estimated to be JP¥2,811, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.6% over the last 3 years. Earnings per share has grown by 26%. For the next 3 years, revenue is forecast to decline by 0.6% per annum. Earnings are forecast to grow by 7.1% per annum over the same time period. Reported Earnings • Nov 01
Second quarter 2026 earnings released: EPS: JP¥54.39 (vs JP¥42.93 in 2Q 2025) Second quarter 2026 results: EPS: JP¥54.39 (up from JP¥42.93 in 2Q 2025). Revenue: JP¥141.6b (up 6.8% from 2Q 2025). Net income: JP¥3.35b (up 26% from 2Q 2025). Profit margin: 2.4% (up from 2.0% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 3.0% growth forecast for the Metals and Mining industry in Japan. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 02 December 2025. Payout ratio is a comfortable 35% but the company is not cash flow positive. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (3.2%). Announcement • Sep 12
Nippon Light Metal Holdings Company, Ltd. to Report Q2, 2026 Results on Oct 31, 2025 Nippon Light Metal Holdings Company, Ltd. announced that they will report Q2, 2026 results on Oct 31, 2025 Price Target Changed • Sep 06
Price target increased by 9.6% to JP¥1,900 Up from JP¥1,733, the current price target is an average from 3 analysts. New target price is 13% below last closing price of JP¥2,186. Stock is up 40% over the past year. The company is forecast to post earnings per share of JP¥233 for next year compared to JP¥200 last year. Reported Earnings • Aug 02
First quarter 2026 earnings released: EPS: JP¥34.51 (vs JP¥34.66 in 1Q 2025) First quarter 2026 results: EPS: JP¥34.51 (down from JP¥34.66 in 1Q 2025). Revenue: JP¥137.1b (up 6.6% from 1Q 2025). Net income: JP¥2.12b (down 1.1% from 1Q 2025). Profit margin: 1.5% (down from 1.7% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 2.5% growth forecast for the Metals and Mining industry in Japan. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • Jul 09
Nippon Light Metal Holdings Company, Ltd. to Report Q1, 2026 Results on Jul 31, 2025 Nippon Light Metal Holdings Company, Ltd. announced that they will report Q1, 2026 results on Jul 31, 2025 Declared Dividend • Jul 09
Final dividend of JP¥25.00 announced Shareholders will receive a dividend of JP¥25.00. Ex-date: 29th September 2025 Payment date: 2nd December 2025 Dividend yield will be 4.6%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is covered by earnings (28% 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 4.8% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 30% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jun 27
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: EPS: JP¥200 (up from JP¥146 in FY 2024). Revenue: JP¥550.2b (up 5.1% from FY 2024). Net income: JP¥12.4b (up 37% from FY 2024). Profit margin: 2.2% (up from 1.7% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) missed analyst estimates by 1.7%. Revenue is forecast to stay flat during the next 3 years compared to a 2.5% growth forecast for the Metals and Mining industry in Japan. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 3% per year. Reported Earnings • May 20
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: EPS: JP¥200 (up from JP¥146 in FY 2024). Revenue: JP¥550.2b (up 5.1% from FY 2024). Net income: JP¥12.4b (up 37% from FY 2024). Profit margin: 2.2% (up from 1.7% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) missed analyst estimates by 1.7%. Revenue is forecast to stay flat during the next 3 years compared to a 1.3% growth forecast for the Metals and Mining industry in Japan. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has remained flat. Buy Or Sell Opportunity • May 19
Now 21% undervalued The stock has been flat over the last 90 days, currently trading at JP¥1,583. The fair value is estimated to be JP¥2,013, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.5% over the last 3 years. Earnings per share has declined by 4.0%. For the next 3 years, revenue is forecast to grow by 0.4% per annum. Earnings are also forecast to grow by 8.5% per annum over the same time period. Announcement • May 15
Nippon Light Metal Holdings Company, Ltd., Annual General Meeting, Jun 24, 2025 Nippon Light Metal Holdings Company, Ltd., Annual General Meeting, Jun 24, 2025. Announcement • Apr 10
Nippon Light Metal Holdings Company, Ltd. to Report Fiscal Year 2025 Results on May 15, 2025 Nippon Light Metal Holdings Company, Ltd. announced that they will report fiscal year 2025 results on May 15, 2025 Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥1,289, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 7x in the Metals and Mining industry in Japan. Total loss to shareholders of 13% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,642 per share. Buy Or Sell Opportunity • Apr 07
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 16% to JP¥1,289. The fair value is estimated to be JP¥1,642, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.5% over the last 3 years. Earnings per share has declined by 4.0%. For the next 3 years, revenue is forecast to grow by 0.2% per annum. Earnings are also forecast to grow by 9.6% per annum over the same time period. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥50.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 26 June 2025. Payout ratio is a comfortable 28% but the company is not cash flow positive. Trailing yield: 4.3%. Within top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (4.1%). Reported Earnings • Feb 01
Third quarter 2025 earnings released: EPS: JP¥75.88 (vs JP¥54.00 in 3Q 2024) Third quarter 2025 results: EPS: JP¥75.88 (up from JP¥54.00 in 3Q 2024). Revenue: JP¥142.8b (up 4.0% from 3Q 2024). Net income: JP¥4.70b (up 41% from 3Q 2024). Profit margin: 3.3% (up from 2.4% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 1.5% growth forecast for the Metals and Mining industry in Japan. Over the last 3 years on average, earnings per share has fallen by 4% per year and the company’s share price has also fallen by 4% per year. Announcement • Jan 03
Nippon Light Metal Holdings Company, Ltd. to Report Q3, 2025 Results on Jan 31, 2025 Nippon Light Metal Holdings Company, Ltd. announced that they will report Q3, 2025 results on Jan 31, 2025 Declared Dividend • Dec 03
First half dividend of JP¥50.00 announced Shareholders will receive a dividend of JP¥50.00. Ex-date: 28th March 2025 Payment date: 26th June 2025 Dividend yield will be 4.6%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is covered by earnings (32% 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 5.8% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 23% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • Nov 03
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 9.7% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (9.7% operating cash flow to total debt). Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Nov 02
Second quarter 2025 earnings released: EPS: JP¥42.93 (vs JP¥15.55 in 2Q 2024) Second quarter 2025 results: EPS: JP¥42.93 (up from JP¥15.55 in 2Q 2024). Revenue: JP¥132.5b (up 3.5% from 2Q 2024). Net income: JP¥2.66b (up 176% from 2Q 2024). Profit margin: 2.0% (up from 0.8% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Metals and Mining industry in Japan. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 6% per year. Buy Or Sell Opportunity • Nov 01
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.3% to JP¥1,530. The fair value is estimated to be JP¥2,018, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.5% over the last 3 years. Earnings per share has declined by 9.5%. For the next 3 years, revenue is forecast to grow by 2.7% per annum. Earnings are also forecast to grow by 10% per annum over the same time period. Announcement • Oct 04
Nippon Light Metal Holdings Company, Ltd. to Report Q2, 2025 Results on Oct 31, 2024 Nippon Light Metal Holdings Company, Ltd. announced that they will report Q2, 2025 results on Oct 31, 2024 Buy Or Sell Opportunity • Sep 30
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.5% to JP¥1,628. The fair value is estimated to be JP¥2,038, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.5% over the last 3 years. Earnings per share has declined by 9.5%. For the next 3 years, revenue is forecast to grow by 4.4% per annum. Earnings are also forecast to grow by 9.3% per annum over the same time period. 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: 02 December 2024. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 4.4%. Within top quartile of Japanese dividend payers (3.8%). In line with average of industry peers (4.3%). Price Target Changed • Sep 17
Price target decreased by 8.3% to JP¥1,718 Down from JP¥1,873, the current price target is an average from 4 analysts. New target price is 9.6% above last closing price of JP¥1,567. Stock is down 13% over the past year. The company is forecast to post earnings per share of JP¥210 for next year compared to JP¥146 last year. Buy Or Sell Opportunity • Aug 23
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 14% to JP¥1,594. The fair value is estimated to be JP¥2,007, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.5% over the last 3 years. Earnings per share has declined by 9.5%. For the next 3 years, revenue is forecast to grow by 4.4% per annum. Earnings are also forecast to grow by 9.6% per annum over the same time period. Valuation Update With 7 Day Price Move • Aug 07
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥1,505, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 8x in the Metals and Mining industry in Japan. Total loss to shareholders of 14% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,877 per share. Buy Or Sell Opportunity • Aug 05
Now 28% undervalued after recent price drop Over the last 90 days, the stock has fallen 25% to JP¥1,401. The fair value is estimated to be JP¥1,943, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.5% over the last 3 years. Earnings per share has declined by 9.5%. For the next 3 years, revenue is forecast to grow by 3.5% per annum. Earnings are also forecast to grow by 8.7% per annum over the same time period. Reported Earnings • Aug 02
First quarter 2025 earnings released: EPS: JP¥34.66 (vs JP¥19.07 in 1Q 2024) First quarter 2025 results: EPS: JP¥34.66 (up from JP¥19.07 in 1Q 2024). Revenue: JP¥128.6b (up 5.0% from 1Q 2024). Net income: JP¥2.15b (up 82% from 1Q 2024). Profit margin: 1.7% (up from 1.0% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Metals and Mining industry in Japan. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 6% per year. Price Target Changed • Jul 16
Price target decreased by 8.2% to JP¥1,873 Down from JP¥2,040, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of JP¥1,802. Stock is up 25% over the past year. The company is forecast to post earnings per share of JP¥209 for next year compared to JP¥146 last year. Declared Dividend • Jul 11
Final dividend of JP¥20.00 announced Shareholders will receive a dividend of JP¥20.00. Ex-date: 27th September 2024 Payment date: 2nd December 2024 Dividend yield will be 3.3%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (34% earnings payout ratio) and cash flows (31% cash payout ratio). The dividend has increased by an average of 5.8% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 35% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 22
Nippon Light Metal Holdings Company, Ltd. to Report Q1, 2025 Results on Jul 31, 2024 Nippon Light Metal Holdings Company, Ltd. announced that they will report Q1, 2025 results on Jul 31, 2024 Major Estimate Revision • Jun 21
Consensus revenue estimates increase by 13% The consensus outlook for revenues in fiscal year 2025 has improved. 2025 revenue forecast increased from JP¥499.8b to JP¥564.1b. EPS estimate increased from JP¥186 to JP¥208 per share. Net income forecast to grow 43% next year vs 2.3% growth forecast for Metals and Mining industry in Japan. Consensus price target broadly unchanged at JP¥2,057. Share price was steady at JP¥1,781 over the past week. Reported Earnings • May 19
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: JP¥146 (up from JP¥116 in FY 2023). Revenue: JP¥523.7b (up 1.3% from FY 2023). Net income: JP¥9.04b (up 26% from FY 2023). Profit margin: 1.7% (up from 1.4% in FY 2023). Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) exceeded analyst estimates by 17%. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Metals and Mining industry in Japan. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has remained flat. Buy Or Sell Opportunity • May 17
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 12% to JP¥1,908. The fair value is estimated to be JP¥1,560, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.4% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 3.5% per annum. Earnings are also forecast to grow by 13% per annum over the same time period. Announcement • May 17
Nippon Light Metal Holdings Company, Ltd., Annual General Meeting, Jun 25, 2024 Nippon Light Metal Holdings Company, Ltd., Annual General Meeting, Jun 25, 2024. Price Target Changed • May 10
Price target increased by 10% to JP¥1,973 Up from JP¥1,793, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of JP¥1,880. Stock is up 34% over the past year. The company is forecast to post earnings per share of JP¥124 for next year compared to JP¥116 last year. Announcement • Mar 28
Nippon Light Metal Holdings Company, Ltd. to Report Fiscal Year 2024 Results on May 15, 2024 Nippon Light Metal Holdings Company, Ltd. announced that they will report fiscal year 2024 results on May 15, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 28 June 2024. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (3.5%). Reported Earnings • Feb 02
Third quarter 2024 earnings released: EPS: JP¥54.00 (vs JP¥3.92 in 3Q 2023) Third quarter 2024 results: EPS: JP¥54.00 (up from JP¥3.92 in 3Q 2023). Revenue: JP¥137.3b (up 4.0% from 3Q 2023). Net income: JP¥3.35b (up JP¥3.10b from 3Q 2023). Profit margin: 2.4% (up from 0.2% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is expected to decline by 1.9% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Japan are expected to grow by 2.5%. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Dec 31
Nippon Light Metal Holdings Company, Ltd. to Report Q3, 2024 Results on Jan 31, 2024 Nippon Light Metal Holdings Company, Ltd. announced that they will report Q3, 2024 results on Jan 31, 2024 Reported Earnings • Nov 02
Second quarter 2024 earnings released: EPS: JP¥15.55 (vs JP¥19.22 in 2Q 2023) Second quarter 2024 results: EPS: JP¥15.55 (down from JP¥19.22 in 2Q 2023). Revenue: JP¥128.0b (down 1.4% from 2Q 2023). Net income: JP¥963.0m (down 19% from 2Q 2023). Profit margin: 0.8% (down from 0.9% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 1.1% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Japan are expected to grow by 1.3%. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Oct 01
Nippon Light Metal Holdings Company, Ltd. to Report Q2, 2024 Results on Oct 31, 2023 Nippon Light Metal Holdings Company, Ltd. announced that they will report Q2, 2024 results on Oct 31, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of JP¥10.00 per share at 2.8% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 01 December 2023. Payout ratio is a comfortable 54% but the company is not cash flow positive. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.3%). Lower than average of industry peers (3.2%). Price Target Changed • Sep 11
Price target increased by 9.7% to JP¥1,695 Up from JP¥1,545, the current price target is an average from 4 analysts. New target price is 5.6% above last closing price of JP¥1,605. Stock is down 1.2% over the past year. The company is forecast to post earnings per share of JP¥137 for next year compared to JP¥116 last year. Reported Earnings • Aug 01
First quarter 2024 earnings released: EPS: JP¥19.07 (vs JP¥42.23 in 1Q 2023) First quarter 2024 results: EPS: JP¥19.07 (down from JP¥42.23 in 1Q 2023). Revenue: JP¥122.5b (flat on 1Q 2023). Net income: JP¥1.18b (down 55% from 1Q 2023). Profit margin: 1.0% (down from 2.1% in 1Q 2023). Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 1.1% growth forecast for the Metals and Mining industry in Japan. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Jul 26
Nippon Light Metal Holdings Company, Ltd. to Report Q1, 2024 Results on Jul 31, 2023 Nippon Light Metal Holdings Company, Ltd. announced that they will report Q1, 2024 results on Jul 31, 2023 Major Estimate Revision • Jun 07
Consensus EPS estimates increase by 39% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from JP¥118 to JP¥164. Revenue forecast steady at JP¥542.2b. Net income forecast to grow 41% next year vs 11% decline forecast for Metals and Mining industry in Japan. Consensus price target of JP¥1,533 unchanged from last update. Share price rose 2.1% to JP¥1,366 over the past week. Reported Earnings • May 20
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2023 results: EPS: JP¥116 (down from JP¥271 in FY 2022). Revenue: JP¥517.0b (up 6.2% from FY 2022). Net income: JP¥7.20b (down 57% from FY 2022). Profit margin: 1.4% (down from 3.4% in FY 2022). Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) exceeded analyst estimates by 68%. Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Japan are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • May 17
Nippon Light Metal Holdings Company, Ltd., Annual General Meeting, Jun 27, 2023 Nippon Light Metal Holdings Company, Ltd., Annual General Meeting, Jun 27, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥10.00 per share at 3.4% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 27 June 2023. Payout ratio is a comfortable 50% but the company is not cash flow positive. Trailing yield: 3.4%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (4.6%). Major Estimate Revision • Mar 07
Consensus EPS estimates fall by 13% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from JP¥138 to JP¥120 per share. Revenue forecast steady at JP¥523.1b. Net income forecast to grow 62% next year vs 7.7% decline forecast for Metals and Mining industry in Japan. Consensus price target of JP¥1,558 unchanged from last update. Share price rose 2.6% to JP¥1,523 over the past week. Major Estimate Revision • Feb 07
Consensus EPS estimates increase by 12% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from JP¥143 to JP¥160. Revenue forecast steady at JP¥525.0b. Net income forecast to grow 98% next year vs 21% decline forecast for Metals and Mining industry in Japan. Consensus price target down from JP¥1,625 to JP¥1,558. Share price fell 3.4% to JP¥1,433 over the past week. Reported Earnings • Feb 01
Third quarter 2023 earnings released: EPS: JP¥3.92 (vs JP¥71.36 in 3Q 2022) Third quarter 2023 results: EPS: JP¥3.92 (down from JP¥71.36 in 3Q 2022). Revenue: JP¥132.0b (up 6.0% from 3Q 2022). Net income: JP¥243.0m (down 95% from 3Q 2022). Profit margin: 0.2% (down from 3.5% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Japan are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Announcement • Jan 09
Nippon Light Metal Holdings Company, Ltd. to Report Q3, 2023 Results on Jan 31, 2023 Nippon Light Metal Holdings Company, Ltd. announced that they will report Q3, 2023 results on Jan 31, 2023 Major Estimate Revision • Dec 28
Consensus forecasts updated The consensus outlook for 2023 has been updated. 2023 EPS estimate fell from JP¥162 to JP¥143 per share. Revenue forecast steady at JP¥529.8b. Net income forecast to grow 14% next year vs 13% decline forecast for Metals and Mining industry in Japan. Consensus price target of JP¥1,625 unchanged from last update. Share price was steady at JP¥1,517 over the past week. Major Estimate Revision • Dec 13
Consensus forecasts updated The consensus outlook for 2023 has been updated. 2023 EPS estimate fell from JP¥203 to JP¥162 per share. Revenue forecast steady at JP¥531.9b. Net income forecast to grow 24% next year vs 13% decline forecast for Metals and Mining industry in Japan. Consensus price target of JP¥1,625 unchanged from last update. Share price was steady at JP¥1,533 over the past week. Reported Earnings • Nov 02
Second quarter 2023 earnings released: EPS: JP¥19.22 (vs JP¥96.62 in 2Q 2022) Second quarter 2023 results: EPS: JP¥19.22 (down from JP¥96.62 in 2Q 2022). Revenue: JP¥129.9b (up 7.9% from 2Q 2022). Net income: JP¥1.19b (down 80% from 2Q 2022). Profit margin: 0.9% (down from 5.0% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Japan are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Announcement • Oct 15
Nippon Light Metal Holdings Company, Ltd. to Report Q2, 2023 Results on Oct 31, 2022 Nippon Light Metal Holdings Company, Ltd. announced that they will report Q2, 2023 results on Oct 31, 2022 Buying Opportunity • Sep 30
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 2.8%. The fair value is estimated to be JP¥1,853, 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 declined by 11%. For the next 3 years, revenue is forecast to grow by 1.2% per annum. Earnings is also forecast to grow by 8.4% per annum over the same time period. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 01 December 2022. Payout ratio is a comfortable 36% but the company is not cash flow positive. Trailing yield: 5.3%. Within top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (5.4%). Announcement • Sep 01
JIC PE Fund I, managed by JIC Capital Co., Ltd. agreed to acquire 46% stake in Toyo Aluminium K.K.. JIC PE Fund I, managed by JIC Capital Co., Ltd. agreed to acquire 46% stake in Toyo Aluminium K.K. on August 31, 2022. The acquisition is expected to be settled on March 31, 2023. Price Target Changed • Aug 29
Price target decreased to JP¥1,625 Down from JP¥1,783, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of JP¥1,610. Stock is down 17% over the past year. The company is forecast to post earnings per share of JP¥206 for next year compared to JP¥271 last year. Price Target Changed • Aug 15
Price target decreased to JP¥1,708 Down from JP¥1,858, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of JP¥1,634. Stock is down 15% over the past year. The company is forecast to post earnings per share of JP¥210 for next year compared to JP¥271 last year. Reported Earnings • Aug 02
First quarter 2023 earnings released: EPS: JP¥42.23 (vs JP¥78.08 in 1Q 2022) First quarter 2023 results: EPS: JP¥42.23 (down from JP¥78.08 in 1Q 2022). Revenue: JP¥123.2b (up 6.5% from 1Q 2022). Net income: JP¥2.61b (down 46% from 1Q 2022). Profit margin: 2.1% (down from 4.2% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 8.1%, compared to a 2,114% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Announcement • Jul 02
Nippon Light Metal Holdings Company, Ltd. to Report Q1, 2023 Results on Aug 01, 2022 Nippon Light Metal Holdings Company, Ltd. announced that they will report Q1, 2023 results on Aug 01, 2022 Reported Earnings • May 20
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: JP¥271 (up from JP¥54.37 in FY 2021). Revenue: JP¥486.6b (up 13% from FY 2021). Net income: JP¥16.8b (up 398% from FY 2021). Profit margin: 3.4% (up from 0.8% in FY 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.5%. Earnings per share (EPS) also missed analyst estimates by 2.5%. Over the next year, revenue is forecast to grow 3.1%, compared to a 4.4% growth forecast for the mining 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 12% per year, which means it has not declined as severely as earnings. Announcement • May 18
Nippon Light Metal Holdings Company, Ltd., Annual General Meeting, Jun 24, 2022 Nippon Light Metal Holdings Company, Ltd., Annual General Meeting, Jun 24, 2022. Announcement • Apr 09
Nippon Light Metal Holdings Company, Ltd. to Report Fiscal Year 2022 Results on May 16, 2022 Nippon Light Metal Holdings Company, Ltd. announced that they will report fiscal year 2022 results on May 16, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥45.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 28 June 2022. Payout ratio is a comfortable 71% but the company is not cash flow positive. Trailing yield: 5.0%. Within top quartile of Japanese dividend payers (3.4%). In line with average of industry peers (4.7%). Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment deteriorated over the past week After last week's 15% share price decline to JP¥1,620, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 7x in the Metals and Mining industry in Japan. Total loss to shareholders of 23% over the past three years. Reported Earnings • Feb 02
Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2022 results: EPS: JP¥71.36 (down from JP¥76.25 in 3Q 2021). Revenue: JP¥124.5b (up 8.7% from 3Q 2021). Net income: JP¥4.42b (down 6.4% from 3Q 2021). Profit margin: 3.5% (down from 4.1% in 3Q 2021). Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) missed analyst estimates by 67%. Over the next year, revenue is forecast to grow 1.9%, compared to a 10% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 48% 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. Price Target Changed • Dec 16
Price target decreased to JP¥1,933 Down from JP¥2,083, the current price target is an average from 4 analysts. New target price is 15% above last closing price of JP¥1,687. Stock is down 13% over the past year. The company is forecast to post earnings per share of JP¥294 for next year compared to JP¥54.37 last year. Reported Earnings • Nov 02
Second quarter 2022 earnings released: EPS JP¥96.62 (vs JP¥2.93 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥120.4b (up 17% from 2Q 2021). Net income: JP¥5.98b (up 74% from 2Q 2021). Profit margin: 5.0% (up from 3.3% in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.