New Risk • May 13
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 108% Dividend yield: 3.2% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Reported Earnings • May 12
Full year 2026 earnings released: EPS: JP¥385 (vs JP¥364 in FY 2025) Full year 2026 results: EPS: JP¥385 (up from JP¥364 in FY 2025). Revenue: JP¥832.7b (flat on FY 2025). Net income: JP¥20.6b (up 4.0% from FY 2025). Profit margin: 2.5% (up from 2.4% in FY 2025). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Announcement • May 11
Inabata & Co.,Ltd., Annual General Meeting, Jun 16, 2026 Inabata & Co.,Ltd., Annual General Meeting, Jun 16, 2026. Announcement • Mar 26
Inabata & Co.,Ltd. to Report Fiscal Year 2026 Results on May 11, 2026 Inabata & Co.,Ltd. announced that they will report fiscal year 2026 results at 4:00 PM, Tokyo Standard Time on May 11, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥65.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 01 June 2026. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.1%). Reported Earnings • Feb 05
Third quarter 2026 earnings released: EPS: JP¥89.75 (vs JP¥108 in 3Q 2025) Third quarter 2026 results: EPS: JP¥89.75 (down from JP¥108 in 3Q 2025). Revenue: JP¥211.9b (flat on 3Q 2025). Net income: JP¥4.80b (down 19% from 3Q 2025). Profit margin: 2.3% (down from 2.8% in 3Q 2025). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Announcement • Dec 13
Inabata & Co.,Ltd. to Report Q3, 2026 Results on Feb 04, 2026 Inabata & Co.,Ltd. announced that they will report Q3, 2026 results at 2:00 PM, Tokyo Standard Time on Feb 04, 2026 Declared Dividend • Dec 02
First half dividend of JP¥65.00 announced Shareholders will receive a dividend of JP¥65.00. Ex-date: 30th March 2026 Payment date: 1st June 2026 Dividend yield will be 3.5%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is covered by both earnings (34% earnings payout ratio) and cash flows (62% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 17% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 08
Second quarter 2026 earnings released: EPS: JP¥110 (vs JP¥95.83 in 2Q 2025) Second quarter 2026 results: EPS: JP¥110 (up from JP¥95.83 in 2Q 2025). Revenue: JP¥208.8b (flat on 2Q 2025). Net income: JP¥5.91b (up 13% from 2Q 2025). Profit margin: 2.8% (up from 2.5% in 2Q 2025). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Sep 17
Inabata & Co.,Ltd. to Report Q2, 2026 Results on Nov 06, 2025 Inabata & Co.,Ltd. announced that they will report Q2, 2026 results on Nov 06, 2025 Reported Earnings • Aug 07
First quarter 2026 earnings released: EPS: JP¥112 (vs JP¥116 in 1Q 2025) First quarter 2026 results: EPS: JP¥112 (down from JP¥116 in 1Q 2025). Revenue: JP¥204.1b (down 4.4% from 1Q 2025). Net income: JP¥6.05b (down 5.1% from 1Q 2025). Profit margin: 3.0% (in line with 1Q 2025). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Jul 09
Final dividend of JP¥63.00 announced Shareholders will receive a dividend of JP¥63.00. Ex-date: 29th September 2025 Payment date: 2nd December 2025 Dividend yield will be 3.9%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (33% earnings payout ratio) and cash flows (50% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 14% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Jun 21
Full year 2025 earnings released: EPS: JP¥364 (vs JP¥362 in FY 2024) Full year 2025 results: EPS: JP¥364. Revenue: JP¥837.8b (up 9.4% from FY 2024). Net income: JP¥19.8b (flat on FY 2024). Profit margin: 2.4% (down from 2.6% in FY 2024). The decrease in margin was driven by higher expenses. Announcement • Jun 18
Inabata & Co.,Ltd. to Report Q1, 2026 Results on Aug 06, 2025 Inabata & Co.,Ltd. announced that they will report Q1, 2026 results on Aug 06, 2025 Reported Earnings • May 10
Full year 2025 earnings released: EPS: JP¥364 (vs JP¥362 in FY 2024) Full year 2025 results: EPS: JP¥364. Revenue: JP¥837.8b (up 9.4% from FY 2024). Net income: JP¥19.8b (flat on FY 2024). Profit margin: 2.4% (down from 2.6% in FY 2024). The decrease in margin was driven by higher expenses. Announcement • May 10
Inabata & Co.,Ltd. (TSE:8098) announces an Equity Buyback for 1,000,000 shares, representing 1.83% for ¥4,000 million. Inabata & Co.,Ltd. (TSE:8098) announces a share repurchase program. Under the program, the company will repurchase up to 1,000,000 shares, representing 1.83% of its issued share capital (excluding treasury stock), for ¥4,000 million. The purpose of the program is to improve capital efficiency and emphasize shareholder return. The program will expire on August 31, 2025. As of April 30, 2025, the company had 54,638,023 issued shares (excluding treasury stock) and 76,104 treasury shares. Announcement • May 09
Inabata & Co.,Ltd., Annual General Meeting, Jun 17, 2025 Inabata & Co.,Ltd., Annual General Meeting, Jun 17, 2025. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥65.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 02 June 2025. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (3.3%). Announcement • Mar 18
Inabata & Co.,Ltd. to Report Fiscal Year 2025 Results on May 09, 2025 Inabata & Co.,Ltd. announced that they will report fiscal year 2025 results on May 09, 2025 Reported Earnings • Feb 07
Third quarter 2025 earnings released: EPS: JP¥108 (vs JP¥75.03 in 3Q 2024) Third quarter 2025 results: EPS: JP¥108 (up from JP¥75.03 in 3Q 2024). Revenue: JP¥213.5b (up 7.9% from 3Q 2024). Net income: JP¥5.89b (up 42% from 3Q 2024). Profit margin: 2.8% (up from 2.1% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Dec 20
Inabata & Co.,Ltd. to Report Q3, 2025 Results on Feb 06, 2025 Inabata & Co.,Ltd. announced that they will report Q3, 2025 results on Feb 06, 2025 Declared Dividend • Dec 03
First half dividend of JP¥65.00 announced Shareholders will receive a dividend of JP¥65.00. Ex-date: 28th March 2025 Payment date: 2nd June 2025 Dividend yield will be 3.8%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (36% earnings payout ratio) and cash flows (48% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 9.7% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 09
Second quarter 2025 earnings released: EPS: JP¥95.83 (vs JP¥87.43 in 2Q 2024) Second quarter 2025 results: EPS: JP¥95.83 (up from JP¥87.43 in 2Q 2024). Revenue: JP¥208.0b (up 9.1% from 2Q 2024). Net income: JP¥5.21b (up 8.0% from 2Q 2024). Profit margin: 2.5% (in line with 2Q 2024). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥60.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (3.3%). Announcement • Sep 18
Inabata & Co.,Ltd. to Report Q2, 2025 Results on Nov 07, 2024 Inabata & Co.,Ltd. announced that they will report Q2, 2025 results on Nov 07, 2024 Reported Earnings • Aug 12
First quarter 2025 earnings released: EPS: JP¥116 (vs JP¥140 in 1Q 2024) First quarter 2025 results: EPS: JP¥116 (down from JP¥140 in 1Q 2024). Revenue: JP¥213.6b (up 16% from 1Q 2024). Net income: JP¥6.37b (down 18% from 1Q 2024). Profit margin: 3.0% (down from 4.2% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Jul 11
Final dividend of JP¥60.00 announced Shareholders will receive a dividend of JP¥60.00. Ex-date: 27th September 2024 Payment date: 2nd December 2024 Dividend yield will be 3.5%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (45% earnings payout ratio) and cash flows (26% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 12% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Jun 28
Full year 2024 earnings released: EPS: JP¥362 (vs JP¥343 in FY 2023) Full year 2024 results: EPS: JP¥362 (up from JP¥343 in FY 2023). Revenue: JP¥766.0b (up 4.1% from FY 2023). Net income: JP¥20.0b (up 2.7% from FY 2023). Profit margin: 2.6% (in line with FY 2023). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jun 19
Inabata & Co.,Ltd. to Report Q1, 2025 Results on Aug 08, 2024 Inabata & Co.,Ltd. announced that they will report Q1, 2025 results on Aug 08, 2024 Reported Earnings • May 11
Full year 2024 earnings released: EPS: JP¥362 (vs JP¥343 in FY 2023) Full year 2024 results: EPS: JP¥362 (up from JP¥343 in FY 2023). Revenue: JP¥766.0b (up 4.1% from FY 2023). Net income: JP¥20.0b (up 2.7% from FY 2023). Profit margin: 2.6% (in line with FY 2023). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 11
Inabata & Co.,Ltd., Annual General Meeting, Jun 21, 2024 Inabata & Co.,Ltd., Annual General Meeting, Jun 21, 2024. Announcement • Mar 21
Inabata & Co.,Ltd. to Report Fiscal Year 2024 Results on May 09, 2024 Inabata & Co.,Ltd. announced that they will report fiscal year 2024 results on May 09, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥65.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 31 May 2024. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 3.7%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (2.4%). Reported Earnings • Feb 09
Third quarter 2024 earnings released: EPS: JP¥75.03 (vs JP¥101 in 3Q 2023) Third quarter 2024 results: EPS: JP¥75.03 (down from JP¥101 in 3Q 2023). Revenue: JP¥197.8b (up 5.4% from 3Q 2023). Net income: JP¥4.14b (down 28% from 3Q 2023). Profit margin: 2.1% (down from 3.1% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Dec 21
Inabata & Co.,Ltd. to Report Q3, 2024 Results on Feb 07, 2024 Inabata & Co.,Ltd. announced that they will report Q3, 2024 results on Feb 07, 2024 Announcement • Nov 08
Inabata & Co.,Ltd. Announces Dividend for the Second Quarter-End of Year Ending March 31, 2024, Payable on December 1, 2023 Inabata & Co.,Ltd. announced dividend of JPY 55.00 per share for the second quarter-end of year ending March 31, 2024 compared to JPY 50.00 per share a year ago. The dividend is payable on December 1, 2023. Reported Earnings • Nov 08
Second quarter 2024 earnings released: EPS: JP¥87.43 (vs JP¥88.75 in 2Q 2023) Second quarter 2024 results: EPS: JP¥87.43 (down from JP¥88.75 in 2Q 2023). Revenue: JP¥190.6b (flat on 2Q 2023). Net income: JP¥4.82b (down 4.6% from 2Q 2023). Profit margin: 2.5% (down from 2.7% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥55.00 per share at 3.7% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 01 December 2023. Payout ratio is a comfortable 29% but the company is paying out more than the cash it is generating. Trailing yield: 3.7%. Within top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (2.8%). Announcement • Sep 17
Inabata & Co.,Ltd. to Report Q2, 2024 Results on Nov 07, 2023 Inabata & Co.,Ltd. announced that they will report Q2, 2024 results on Nov 07, 2023 Reported Earnings • Aug 09
First quarter 2024 earnings released: EPS: JP¥140 (vs JP¥79.84 in 1Q 2023) First quarter 2024 results: EPS: JP¥140 (up from JP¥79.84 in 1Q 2023). Revenue: JP¥184.6b (flat on 1Q 2023). Net income: JP¥7.72b (up 69% from 1Q 2023). Profit margin: 4.2% (up from 2.5% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Jun 28
Full year 2023 earnings released: EPS: JP¥343 (vs JP¥374 in FY 2022) Full year 2023 results: EPS: JP¥343 (down from JP¥374 in FY 2022). Revenue: JP¥735.6b (up 8.0% from FY 2022). Net income: JP¥19.5b (down 13% from FY 2022). Profit margin: 2.6% (down from 3.3% in FY 2022). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jun 18
Inabata & Co.,Ltd. to Report Q1, 2024 Results on Aug 08, 2023 Inabata & Co.,Ltd. announced that they will report Q1, 2024 results on Aug 08, 2023 Reported Earnings • May 12
Full year 2023 earnings released: EPS: JP¥343 (vs JP¥374 in FY 2022) Full year 2023 results: EPS: JP¥343 (down from JP¥374 in FY 2022). Revenue: JP¥735.6b (up 8.0% from FY 2022). Net income: JP¥19.5b (down 13% from FY 2022). Profit margin: 2.6% (down from 3.3% in FY 2022). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥65.00 per share at 4.4% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 01 June 2023. Payout ratio is a comfortable 24% but the company is not cash flow positive. Trailing yield: 4.4%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (3.8%). Reported Earnings • Feb 10
Third quarter 2023 earnings released: EPS: JP¥101 (vs JP¥79.12 in 3Q 2022) Third quarter 2023 results: EPS: JP¥101 (up from JP¥79.12 in 3Q 2022). Revenue: JP¥187.7b (up 6.4% from 3Q 2022). Net income: JP¥5.74b (up 21% from 3Q 2022). Profit margin: 3.1% (up from 2.7% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Announcement • Dec 17
Inabata & Co.,Ltd. to Report Q3, 2023 Results on Feb 08, 2023 Inabata & Co.,Ltd. announced that they will report Q3, 2023 results on Feb 08, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: JP¥88.75 (vs JP¥92.19 in 2Q 2022) Second quarter 2023 results: EPS: JP¥88.75 (down from JP¥92.19 in 2Q 2022). Revenue: JP¥189.4b (up 14% from 2Q 2022). Net income: JP¥5.06b (down 8.9% from 2Q 2022). Profit margin: 2.7% (down from 3.3% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Outside Director Tomokazu Fujisawa was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 09
Second quarter 2023 earnings released: EPS: JP¥88.75 (vs JP¥92.19 in 2Q 2022) Second quarter 2023 results: EPS: JP¥88.75 (down from JP¥92.19 in 2Q 2022). Revenue: JP¥189.4b (up 14% from 2Q 2022). Net income: JP¥5.06b (down 8.9% from 2Q 2022). Profit margin: 2.7% (down from 3.3% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥50.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 01 December 2022. Payout ratio is a comfortable 34% but the company is not cash flow positive. Trailing yield: 4.5%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (3.6%). Announcement • Sep 14
Inabata & Co.,Ltd. to Report Q2, 2023 Results on Nov 07, 2022 Inabata & Co.,Ltd. announced that they will report Q2, 2023 results on Nov 07, 2022 Reported Earnings • Aug 07
First quarter 2023 earnings released: EPS: JP¥79.84 (vs JP¥132 in 1Q 2022) First quarter 2023 results: EPS: JP¥79.84 (down from JP¥132 in 1Q 2022). Revenue: JP¥184.1b (up 13% from 1Q 2022). Net income: JP¥4.56b (down 43% from 1Q 2022). Profit margin: 2.5% (down from 4.9% in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Announcement • Aug 06
Inabata & Co.,Ltd. (TSE:8098) announces an Equity Buyback for 600,000 shares, representing 1.05% for ¥2,000 million. Inabata & Co.,Ltd. (TSE:8098) announces a share repurchase program. Under the program, the company will repurchase up to 600,000 shares, representing 1.05% of its issued share capital (excluding treasury stock), for ¥2,000 million. The purpose of the program is to improve capital efficiency. The repurchased shares will be cancelled. The program will expire on October 31, 2022. As of June 30, 2022, the company had 57,403,708 issued shares (excluding treasury stock) and 310,419 treasury shares. Board Change • Aug 01
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Outside Director Tomokazu Fujisawa was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Jun 15
Inabata & Co.,Ltd. to Report Q1, 2023 Results on Aug 05, 2022 Inabata & Co.,Ltd. announced that they will report Q1, 2023 results on Aug 05, 2022 Reported Earnings • May 11
Full year 2022 earnings released: EPS: JP¥374 (vs JP¥229 in FY 2021) Full year 2022 results: EPS: JP¥374 (up from JP¥229 in FY 2021). Revenue: JP¥681.0b (up 18% from FY 2021). Net income: JP¥22.4b (up 62% from FY 2021). Profit margin: 3.3% (up from 2.4% in FY 2021). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Outside Director Takako Hagiwara was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 08
Inabata & Co.,Ltd. to Report Fiscal Year 2022 Results on May 10, 2022 Inabata & Co.,Ltd. announced that they will report fiscal year 2022 results on May 10, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥80.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 02 June 2022. Payout ratio is a comfortable 19% but the company is not cash flow positive. Trailing yield: 5.0%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (3.4%). Announcement • Feb 08
Inabata & Co.,Ltd. (TSE:8098) announces an Equity Buyback for 3,500,000 shares, representing 5.8% for ¥7,500 million. Inabata & Co.,Ltd. (TSE:8098) announces a share repurchase program. Under the program, the company will repurchase up to 3,500,000 shares, representing 5.8% of its issued share capital (excluding treasury stock), for a total purchase price of ¥7,500 million. The purpose of the program is to improve capital efficiency by utilizing the funds obtained from the sale of strategically held shares. The repurchased shares will be cancelled. The program will be valid till August 31, 2022. As of December 31, 2021, the company had 60,394,563 issued shares (excluding treasury stock) and 3,104,664 treasury shares. Reported Earnings • Feb 08
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥79.12 (up from JP¥60.39 in 3Q 2021). Revenue: JP¥176.4b (up 15% from 3Q 2021). Net income: JP¥4.76b (up 31% from 3Q 2021). Profit margin: 2.7% (up from 2.4% in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 10
Second quarter 2022 earnings released: EPS JP¥92.19 (vs JP¥63.64 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥165.9b (up 20% from 2Q 2021). Net income: JP¥5.55b (up 45% from 2Q 2021). Profit margin: 3.3% (up from 2.8% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 01 December 2021. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (3.4%). Announcement • Aug 06
Inabata & Co.,Ltd. Provides Earnings Guidance for the First Half and Full Year of the Fiscal Year Ending March 31, 2022 Inabata & Co.,Ltd. provided earnings guidance for the first half and full year of the fiscal year ending March 31, 2022. For the first half, the company expects net sales of JPY 300,000 million, operating profit of JPY 8,500 million, Ordinary profit of JPY 9,5000 million, Profit attributable to the owners of the parent of JPY 10,500 million and earnings per share of JPY 174.43 million.
For the year, the company expects net sales of JPY 600,000 million, operating profit of JPY 16,000 million, Ordinary profit of JPY 17000 million, Profit attributable to the owners of the parent of JPY 16000 million and earnings per share of JPY 265.8 million. Reported Earnings • May 14
Full year 2021 earnings released: EPS JP¥229 (vs JP¥189 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥577.6b (down 3.8% from FY 2020). Net income: JP¥13.8b (up 21% from FY 2020). Profit margin: 2.4% (up from 1.9% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. 
