Live News • May 29
MISUMI Group Launches MISUMI Americas With $1 Billion Investment in AI Manufacturing Expansion MISUMI Group announced the launch of MISUMI Americas, a specification-driven global manufacturing and supply chain business focused on integrating digital capabilities with precision manufacturing.
The company is combining Fictiv's digital manufacturing platform with MISUMI's existing manufacturing expertise to build out its offering in AI and digital manufacturing.
MISUMI Group set out a $1 billion Global Investment Vision to support this expansion and appointed its first American CEO to lead U.S. operations.
This move signals a clear push to scale MISUMI's presence in the Americas while incorporating AI and digital manufacturing as part of its operating model.
Investors may want to watch how effectively the company executes on the $1 billion investment program and the integration of Fictiv's platform, as both could influence returns on capital and the pace of growth in the U.S. business. Price Target Changed • May 21
Price target increased by 7.1% to JP¥3,920 Up from JP¥3,660, the current price target is an average from 5 analysts. New target price is 21% above last closing price of JP¥3,227. Stock is up 67% over the past year. The company is forecast to post earnings per share of JP¥156 for next year compared to JP¥149 last year. Reported Earnings • May 01
Full year 2026 earnings: EPS exceeds analyst expectations Full year 2026 results: EPS: JP¥149 (up from JP¥132 in FY 2025). Revenue: JP¥441.4b (up 9.8% from FY 2025). Net income: JP¥40.5b (up 11% from FY 2025). Profit margin: 9.2% (up from 9.1% in FY 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 16%. Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Apr 30
MISUMI Group Inc., Annual General Meeting, Jun 18, 2026 MISUMI Group Inc., Annual General Meeting, Jun 18, 2026. Valuation Update With 7 Day Price Move • Apr 30
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to JP¥3,586, 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 10% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥3,371 per share. Announcement • Apr 22
MISUMI Group Inc. to Report Fiscal Year 2026 Results on Apr 30, 2026 MISUMI Group Inc. announced that they will report fiscal year 2026 results on Apr 30, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥26.04 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 25 June 2026. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (1.6%). Buy Or Sell Opportunity • Mar 23
Now 23% undervalued Over the last 90 days, the stock has risen 4.2% to JP¥2,649. The fair value is estimated to be JP¥3,448, 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 grown by 2.9%. For the next 3 years, revenue is forecast to grow by 8.4% per annum. Earnings are also forecast to grow by 15% per annum over the same time period. Price Target Changed • Mar 10
Price target increased by 12% to JP¥3,660 Up from JP¥3,280, the current price target is an average from 5 analysts. New target price is 28% above last closing price of JP¥2,859. Stock is up 15% over the past year. The company is forecast to post earnings per share of JP¥126 for next year compared to JP¥132 last year. Valuation Update With 7 Day Price Move • Feb 06
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to JP¥3,090, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 16x in the Machinery industry in Japan. Total loss to shareholders of 2.8% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥3,069 per share. Price Target Changed • Feb 06
Price target increased by 8.6% to JP¥3,280 Up from JP¥3,020, the current price target is an average from 5 analysts. New target price is 6.1% above last closing price of JP¥3,090. Stock is up 31% over the past year. The company is forecast to post earnings per share of JP¥129 for next year compared to JP¥132 last year. New Risk • Feb 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Reported Earnings • Jan 31
Third quarter 2026 earnings released: EPS: JP¥33.51 (vs JP¥36.42 in 3Q 2025) Third quarter 2026 results: EPS: JP¥33.51 (down from JP¥36.42 in 3Q 2025). Revenue: JP¥114.8b (up 11% from 3Q 2025). Net income: JP¥9.03b (down 9.8% from 3Q 2025). Profit margin: 7.9% (down from 9.7% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.8% 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 increased by 3% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Announcement • Jan 23
MISUMI Group, Inc. Announces Appointment of Dave Evans as President Of MISUMI Americas, Effective January 22, 2026 MISUMI Group Inc. announced that Dave Evans has been appointed President of MISUMI Americas effective January 22, 2026. Evans will lead the integration of MISUMI and Fictiv into one unified AI-powered platform across the Americas, accelerating the growth of standard and custom manufacturing solutions for the next generation of industrial innovation. Evans is the Co-Founder and CEO of Fictiv, a global leader in supply chain and manufacturing, which was acquired by MISUMI in 2025. In his expanded role, Evans will continue to oversee Fictiv while also serving as President of MISUMI Americas, ensuring tight operational and strategic alignment. Evans is widely recognized as a visionary and thought leader in digital manufacturing. At Fictiv, he helped pioneer the digital manufacturing marketplace model, building a global network of vetted manufacturing partners and launching cloud-based tools that dramatically reduced the complexity of sourcing custom mechanical parts. Under his leadership, Fictiv delivered strong, sustained growth and produced more than 40 million commercial and prototype components for innovative companies worldwide. Evans succeeds Nobuyuki Ashida, who has led MISUMI USA through a period of strong growth and operational expansion over the last decade. Ashida will support a smooth transition through the end of February as Evans takes on this role. Announcement • Dec 16
MISUMI Group Inc. to Report Q3, 2026 Results on Jan 30, 2026 MISUMI Group Inc. announced that they will report Q3, 2026 results on Jan 30, 2026 Declared Dividend • Dec 10
First half dividend of JP¥25.62 announced Shareholders will receive a dividend of JP¥25.62. Ex-date: 30th March 2026 Payment date: 25th June 2026 Dividend yield will be 1.8%, which is lower than the industry average of 2.1%. Sustainability & Growth Dividend is well covered by both earnings (35% earnings payout ratio) and cash flows (37% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 42% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 01
Second quarter 2026 earnings released: EPS: JP¥24.78 (vs JP¥32.28 in 2Q 2025) Second quarter 2026 results: EPS: JP¥24.78 (down from JP¥32.28 in 2Q 2025). Revenue: JP¥106.4b (up 8.1% from 2Q 2025). Net income: JP¥6.78b (down 24% from 2Q 2025). Profit margin: 6.4% (down from 9.1% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.1% 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 increased by 1% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Oct 29
Now 20% undervalued Over the last 90 days, the stock has risen 5.5% to JP¥2,312. The fair value is estimated to be JP¥2,903, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.9% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 7.0% per annum. Earnings are also forecast to grow by 9.5% per annum over the same time period. Buy Or Sell Opportunity • Oct 07
Now 21% undervalued Over the last 90 days, the stock has risen 23% to JP¥2,324. The fair value is estimated to be JP¥2,930, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.9% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 6.8% per annum. Earnings are also forecast to grow by 9.4% per annum over the same time period. Announcement • Sep 18
MISUMI Group Inc. to Report Q2, 2026 Results on Oct 31, 2025 MISUMI Group Inc. announced that they will report Q2, 2026 results on Oct 31, 2025 Buy Or Sell Opportunity • Sep 17
Now 20% undervalued Over the last 90 days, the stock has risen 29% to JP¥2,398. The fair value is estimated to be JP¥3,001, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.9% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 6.8% per annum. Earnings are also forecast to grow by 9.4% per annum over the same time period. Reported Earnings • Jul 27
First quarter 2026 earnings released: EPS: JP¥26.28 (vs JP¥32.92 in 1Q 2025) First quarter 2026 results: EPS: JP¥26.28 (down from JP¥32.92 in 1Q 2025). Revenue: JP¥99.4b (flat on 1Q 2025). Net income: JP¥7.22b (down 22% from 1Q 2025). Profit margin: 7.3% (down from 9.3% in 1Q 2025). Revenue is forecast to grow 5.5% 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 fallen by 1% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings. Price Target Changed • Jul 23
Price target decreased by 13% to JP¥2,550 Down from JP¥2,921, the current price target is an average from 6 analysts. New target price is 23% above last closing price of JP¥2,079. Stock is down 23% over the past year. The company is forecast to post earnings per share of JP¥113 for next year compared to JP¥132 last year. Declared Dividend • Jul 09
Final dividend of JP¥18.86 announced Shareholders will receive a dividend of JP¥18.86. Ex-date: 29th September 2025 Payment date: 3rd December 2025 Dividend yield will be 2.2%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is well covered by both earnings (29% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 18% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jun 21
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: JP¥132 (up from JP¥99.76 in FY 2024). Revenue: JP¥402.0b (up 9.3% from FY 2024). Net income: JP¥36.5b (up 30% from FY 2024). Profit margin: 9.1% (up from 7.7% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.2%. Revenue is forecast to grow 4.8% 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 fallen by 4% per year but the company’s share price has fallen by 13% per year, which means it is performing significantly worse than earnings. Announcement • Jun 19
MISUMI Group Inc. to Report Q1, 2026 Results on Jul 25, 2025 MISUMI Group Inc. announced that they will report Q1, 2026 results on Jul 25, 2025 Reported Earnings • Apr 26
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: JP¥132 (up from JP¥99.76 in FY 2024). Revenue: JP¥402.0b (up 9.3% from FY 2024). Net income: JP¥36.5b (up 30% from FY 2024). Profit margin: 9.1% (up from 7.7% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.2%. Revenue is forecast to grow 5.3% p.a. on average during the next 2 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 4% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings. New Risk • Apr 07
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.1% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.6% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to JP¥1,987, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 11x in the Machinery industry in Japan. Total loss to shareholders of 39% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥3,101 per share. Buy Or Sell Opportunity • Apr 03
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.8% to JP¥2,362. The fair value is estimated to be JP¥3,026, 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 6.5%. For the next 3 years, revenue is forecast to grow by 5.7% per annum. Earnings are also forecast to grow by 8.8% per annum over the same time period. Announcement • Mar 25
MISUMI Group Inc. to Report Fiscal Year 2025 Results on Apr 25, 2025 MISUMI Group Inc. announced that they will report fiscal year 2025 results on Apr 25, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥20.59 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 19 June 2025. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (2.1%). New Risk • Feb 21
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 6.6% 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. This is currently the only risk that has been identified for the company. Buy Or Sell Opportunity • Feb 21
Now 30% overvalued after recent price rise Over the last 90 days, the stock has risen 14% to JP¥2,887. The fair value is estimated to be JP¥2,226, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 6.5%. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to grow by 23% in the next 2 years. Reported Earnings • Feb 01
Third quarter 2025 earnings released: EPS: JP¥36.42 (vs JP¥29.36 in 3Q 2024) Third quarter 2025 results: EPS: JP¥36.42 (up from JP¥29.36 in 3Q 2024). Revenue: JP¥103.6b (up 12% from 3Q 2024). Net income: JP¥10.0b (up 21% from 3Q 2024). Profit margin: 9.7% (in line with 3Q 2024). Revenue is forecast to grow 5.7% 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 6% per year whereas the company’s share price has fallen by 11% per year. Announcement • Jan 03
MISUMI Group Inc. to Report Q3, 2025 Results on Jan 31, 2025 MISUMI Group Inc. announced that they will report Q3, 2025 results on Jan 31, 2025 Declared Dividend • Dec 04
First half dividend of JP¥20.59 announced Shareholders will receive a dividend of JP¥20.59. Ex-date: 28th March 2025 Payment date: 19th June 2025 Dividend yield will be 1.6%, which is lower than the industry average of 2.1%. Sustainability & Growth Dividend is well covered by both earnings (41% 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. However, payments have been volatile during that time. EPS is expected to grow by 34% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Nov 07
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.2% to JP¥2,499. The fair value is estimated to be JP¥3,230, 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 6.5%. For the next 3 years, revenue is forecast to grow by 6.0% per annum. Earnings are also forecast to grow by 9.6% per annum over the same time period. Announcement • Nov 05
Meviy Expands Product Coverage with New Materials and Surface Treatments for Cnc Milling Parts meviy announced the expansion of its product coverage with the introduction of new materials and advanced surface treatments. This enhancement will broaden the range of manufacturing options available to customers, further reinforcing meviy's commitment to providing high-quality components and customization solutions. New Material Options:304 Stainless Steel (Annealed) - Known for its exceptional corrosion resistance, 304 Stainless Steel is widely used in many applications. The annealed version offers increased ductility and ease of machining, making it ideal for complex designs. 303 Stainless Steel (Annealed)- Offering improved machinability compared to 304 Stainless Steel, 303 Stainless Steel is well-suited for high-volume machining applications. Its annealed state enhances flexibility during the production process. New Surface Finishing Options: Hard Anodize (Clear) for Aluminum Products – This new hard anodize option increases the durability and hardness of aluminum parts while maintaining a sleek, clear finish. It's a perfect choice for components that require both aesthetic appeal and enhanced surface strength. Low Temperature Black Chrome for Carbon Steel Products – A low-temperature black chrome finish provides a robust, sleek black coating, improving wear resistance while maintaining the part's dimensional integrity. Phosphate Coating for Carbon Steel Products – The phosphate coating adds a layer of protection against corrosion while offering a matte surface ideal for industrial applications where durability is critical. This expansion of materials and surface treatments strengthens meviy's position as a trusted leader in precision manufacturing, enabling customers to achieve their project goals with increased flexibility and performance options. Whether it's carbon steel for structural applications, aluminum alloys for lightweight components, or stainless steel for corrosion resistance, meviy continues to innovate in delivering the highest-quality solutions. Reported Earnings • Oct 26
Second quarter 2025 earnings released: EPS: JP¥32.28 (vs JP¥28.74 in 2Q 2024) Second quarter 2025 results: EPS: JP¥32.28 (up from JP¥28.74 in 2Q 2024). Revenue: JP¥98.5b (up 9.2% from 2Q 2024). Net income: JP¥8.95b (up 11% from 2Q 2024). Profit margin: 9.1% (up from 9.0% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings. Announcement • Oct 15
Misumi Group Inc. Announces New Hardening Methods Available for CNC Turning meviy announced the immediate availability of advanced hardening options for CNC Turning, providing engineers with greater flexibility in part design and manufacturing. These new options include Vacuum Hardening for full part hardening and Induction Hardening for selective hardening, allowing for a broader range of mechanical properties to meet the demands of various applications. Key Features of the New Hardening Methods: Full Part Hardening: Engineers can now choose from two heat treatment options to harden entire parts: Immersion Quenching: A cost-effective and quick heat treatment using a conventional furnace and oil bath. Vacuum Quenching: A precise, distortion-resistant heat treatment using a vacuum furnace, ideal for components requiring high accuracy. Selective Hardening: This process allows specific areas of a part to be hardened while avoiding threads or areas with precision tolerances. Induction Hardening: A targeted method that uses an induction coil to heat and quench designated areas, offering precise control over part hardness. In addition to these new hardening methods, engineers can now specify a desired hardness range for both Immersion and Vacuum Quenching, ensuring components meet specific performance criteria. Extended Size Range for Heat Treatment: Diameters 10-150mm: Parts can be hardened up to 300mm in length. Diameters 150-250mm: Parts can be hardening up to 200mm in length. Diamers 250-300mm: Parts can be hardenedup to 100mm in length. These expanded heat treatment capabilities offer enhanced design options, allowing engineers to create parts with tailored mechanical properties for even the most demanding applications. The expansion of Heat Treatment capabilities has also expanded the maximum length of parts that can be hardened. Additional Lead time for Hardening services is 2-4 days. Announcement • Oct 08
meviy, Parts Procurement Platform Developed by MISUMI Group Inc. Introduces Immediate Availability of Hexagon Holes for CNC Turning meviy, the parts procurement platform developed by MISUMI Group Inc. introduced the immediate availability of hexagon holes for CNC Turning. This enhancement broadens the design options available to product engineers, providing an efficient and cost-effective method to incorporate hex fastening features into their components. This new capability from meviy offers product engineers a streamlined solution for integrating hexagonal fastening features into their designs, ensuring both quality and competitive pricing. Technical Details: Manufacturing: Hex holes can be produced along the center axis of parts, either through broaching or machining, based on the size of the hex. Tolerancing: While width and depth tolerancing and geometric tolerancing are not applicable to hex shapes, engineers can still expect precise and reliable results. Surface Treatments: All surface treatments and heat treatments are available, although surface roughness specifications are not applicable for hex shapes. Material Availability: Hex holes can be manufactured in all materials. For resin materials, the hexes are always machined. Buy Or Sell Opportunity • Sep 30
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.1% to JP¥2,590. The fair value is estimated to be JP¥3,248, 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 3.1%. For the next 3 years, revenue is forecast to grow by 6.1% per annum. Earnings are also forecast to grow by 9.7% per annum over the same time period. Announcement • Sep 26
MISUMI Group Inc. to Report Q2, 2025 Results on Oct 25, 2024 MISUMI Group Inc. announced that they will report Q2, 2025 results on Oct 25, 2024 Upcoming Dividend • Sep 20
Upcoming dividend of JP¥16.18 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 05 December 2024. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 28%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.9%). Buy Or Sell Opportunity • Sep 07
Now 20% undervalued Over the last 90 days, the stock has risen 3.4% to JP¥2,622. The fair value is estimated to be JP¥3,285, 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 3.1%. For the next 3 years, revenue is forecast to grow by 6.1% per annum. Earnings are also forecast to grow by 9.7% per annum over the same time period. Announcement • Aug 07
MISUMI Group Inc.'s meviy Introduces New Hexagon Bar Shapes for CNC Turning meviy, the cutting-edge parts procurement platform developed by MISUMI Group Inc. announced the immediate availability of hexagon bar shapes for CNC Turning. This new addition significantly expands the versatility and application of meviy's offerings, catering to a wider range of machining needs. Technical Specifications: Tolerances: The hex shapes adhere to the H12 standard. Tolerance Limitations: Individual and geometric tolerancing is not available for hex shapes. Surface Treatments: All surface treatments and heat treatments are available for hex bar materials. Surface Roughness: Specification for surface roughness is not available on hex shapes. Materials: Hex bars are available in steel, stainless steel, and brass. Standards: JIS standard hex sizes for each available material are listed. meviy's commitment to providing high-quality and precise machining solutions is reflected in the introduction of these hexagon bar shapes, ensuring customers can achieve the best results in their CNC turning projects. New Risk • Aug 05
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 6.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (dividend per share is over 5x cash flows per share). Share price has been volatile over the past 3 months (6.0% average weekly change). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to JP¥2,184, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 12x in the Machinery industry in Japan. Total loss to shareholders of 48% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥3,421 per share. Reported Earnings • Jul 28
First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2025 results: EPS: JP¥32.92 (up from JP¥21.47 in 1Q 2024). Revenue: JP¥99.5b (up 11% from 1Q 2024). Net income: JP¥9.25b (up 52% from 1Q 2024). Profit margin: 9.3% (up from 6.8% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.6%. Earnings per share (EPS) missed analyst estimates by 2.4%. Revenue is forecast to grow 6.0% 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 3% per year but the company’s share price has fallen by 12% per year, which means it is performing significantly worse than earnings. Declared Dividend • Jul 11
Final dividend of JP¥16.18 announced Shareholders will receive a dividend of JP¥16.18. Ex-date: 27th September 2024 Payment date: 5th December 2024 Dividend yield will be 1.1%, which is lower than the industry average of 2.1%. Sustainability & Growth Dividend is covered by earnings (28% earnings payout ratio) but not covered by cash flows (dividend approximately 5x free cash flows). The dividend has increased by an average of 55% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 43% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jul 09
MISUMI Group Inc.'s Meviy Enhances Sheet Metal Processing Service with Additional Edge Breaking Option meviy, the cutting-edge parts procurement platform developed by MISUMI Group Inc. announced a new enhancement to sheet metal processing service: the option to include additional edge breaking. This new feature, available immediately, addresses specific customer needs for parts requiring high precision and improved finish quality for sheet metal components. Key Features of Additional Edge Breaking Option: Improved Surface Finish: A high-quality finish is produced on both top and bottom surfaces of the part. Reduced Burrs: Any burrs or raised lips on the bottom surface of parts will be removed and replaced by a 0.1mm Radius edge, increasing the quality and accuracy of parts. Applicable Materials and Thicknesses: The additional edge breaking option is available for a wide range of materials and sheet thicknesses to accommodate various project requirements. Incorporating additional edge breaking into the sheet metal process workflow offers significant engineering advantages, particularly in terms of precision and quality of the final product. This additional edge breaking is especially beneficial for applications requiring high finish surfaces and minimal burrs. It supports faster and more efficient production cycles while maintaining stringent quality standards, enhancing both the functionality and aesthetics of the components produced. By integrating this step into the workflow, meviy ensures superior product integrity and performance. Surface Treatment Compatibility: Edge Breaking is available with many surface treatment options ensuring customers can achieve the desired aesthetic and functional properties for their sheet metal components. Announcement • Jun 27
MISUMI Group Inc. to Report Q1, 2025 Results on Jul 26, 2024 MISUMI Group Inc. announced that they will report Q1, 2025 results on Jul 26, 2024 New Risk • Jun 27
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Dividend per share is over 5x cash flows per share. Dividend yield: 28% 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 • Jun 26
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: JP¥99.76 (down from JP¥121 in FY 2023). Revenue: JP¥367.6b (down 1.5% from FY 2023). Net income: JP¥28.2b (down 18% from FY 2023). Profit margin: 7.7% (down from 9.2% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.6%. Revenue is forecast to grow 5.8% 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 increased by 4% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • May 03
meviy Introduces Large Radius Bending Inch Stainless Metals meviy offered support for adding large bends to, perfect for applications such as sensor covers or cowlings requiring seamless bends across large surfaces. Basic Information: Material & Gauge Availability: Carbon Steel: 22 Ga. (0.0299") - 11 Ga. (0.1196"); 304 Stainless Steel: 22ga. (0.0312") - 11 Ga. (0.125"); 5052 Aluminum: 0.025" - 0.125". Lead Time: Without surface treatment: 7 days; With surface treatment: 9 days and Expedited delivery option is unavailable for Large Radius bend parts. Common Errors and Solutions: If the model ends in a radius, an Automatic Quotation failure will occur. Be sure to provide a flange at both ends of the bend. Reported Earnings • Apr 27
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: JP¥99.75 (down from JP¥121 in FY 2023). Revenue: JP¥367.6b (down 1.5% from FY 2023). Net income: JP¥28.2b (down 18% from FY 2023). Profit margin: 7.7% (down from 9.2% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.6%. Revenue is forecast to grow 5.9% 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 4% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Announcement • Apr 27
MISUMI Group Inc. (TSE:9962) announces an Equity Buyback for 12,000,000 shares, representing 4.26% for ¥20,000 million. MISUMI Group Inc. (TSE:9962) announces a share repurchase program. Under the program, the company will repurchase up to 12,000,000 shares, representing 4.26% of its total shares outstanding (excluding treasury shares), for a total of ¥20,000 million. The purpose of repurchase program is to enhance shareholder returns and implement a flexible capital policy. The repurchase program is valid till November 29, 2024. As of March 31, 2024, the company had 281,839,798 shares outstanding (excluding treasury shares) and had 3,008,099 shares in treasury. Announcement • Apr 19
MISUMI Group Inc.'s meviy Announces the Availability of Geometric Tolerances for CNC Turning Parts MISUMI Group Inc.'s meviy has rolled out a significant enhancement: geometric tolerancing for CNC turning parts. This latest addition further amplifies the platform's capabilities, enabling customers to access nine types of geometric tolerances with a remarkable accuracy of up to 0.01 mm. Recognizing the persistent challenges within the realm of high-precision parts procurement--ranging from contracted quotation processes to extended delivery lead times and price volatility--meviy initially introduced geometric tolerancing for CNC milled parts in October 2022. Building on the success and demand for this feature, the platform now extends its functionality to CNC turning parts. This enhancement empowers customers to seamlessly specify geometric tolerances directly from their 3D data, facilitating instant quotations and expediting the procurement process with unparalleled efficiency. New Risk • Apr 18
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 5.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Announcement • Mar 27
MISUMI Group Inc. to Report Fiscal Year 2024 Results on Apr 26, 2024 MISUMI Group Inc. announced that they will report fiscal year 2024 results on Apr 26, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥14.50 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 21 June 2024. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (1.9%). New Risk • Feb 06
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. This is currently the only risk that has been identified for the company. Reported Earnings • Jan 27
Third quarter 2024 earnings: EPS exceeds analyst expectations Third quarter 2024 results: EPS: JP¥29.36 (down from JP¥29.54 in 3Q 2023). Revenue: JP¥92.7b (down 1.2% from 3Q 2023). Net income: JP¥8.27b (down 1.6% from 3Q 2023). Profit margin: 8.9% (down from 9.0% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.3%. Revenue is forecast to grow 4.3% 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 12% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Announcement • Dec 24
MISUMI Group Inc. to Report Q3, 2024 Results on Jan 26, 2024 MISUMI Group Inc. announced that they will report Q3, 2024 results on Jan 26, 2024 Price Target Changed • Nov 17
Price target decreased by 11% to JP¥2,840 Down from JP¥3,200, the current price target is an average from 5 analysts. New target price is 14% above last closing price of JP¥2,481. Stock is down 25% over the past year. The company is forecast to post earnings per share of JP¥106 for next year compared to JP¥121 last year. Reported Earnings • Oct 28
Second quarter 2024 earnings: EPS exceeds analyst expectations Second quarter 2024 results: EPS: JP¥28.74 (down from JP¥33.95 in 2Q 2023). Revenue: JP¥90.2b (down 5.1% from 2Q 2023). Net income: JP¥8.10b (down 16% from 2Q 2023). Profit margin: 9.0% (down from 10% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.7%. Revenue is forecast to grow 5.0% 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 20% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • Sep 27
MISUMI Group Inc. to Report Q2, 2024 Results on Oct 26, 2023 MISUMI Group Inc. announced that they will report Q2, 2024 results on Oct 26, 2023 
