Reported Earnings • May 15
Full year 2026 earnings released: EPS: JP¥178 (vs JP¥169 in FY 2025) Full year 2026 results: EPS: JP¥178 (up from JP¥169 in FY 2025). Revenue: JP¥145.6b (up 16% from FY 2025). Net income: JP¥3.97b (flat on FY 2025). Profit margin: 2.7% (down from 3.1% in FY 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 13
Kanaden Corporation, Annual General Meeting, Jun 23, 2026 Kanaden Corporation, Annual General Meeting, Jun 23, 2026. Announcement • May 10
Kanaden Corporation to Report Fiscal Year 2026 Results on May 13, 2026 Kanaden Corporation announced that they will report fiscal year 2026 results on May 13, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥36.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 09 June 2026. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.1%). Reported Earnings • Feb 03
Third quarter 2026 earnings released: EPS: JP¥31.80 (vs JP¥39.91 in 3Q 2025) Third quarter 2026 results: EPS: JP¥31.80 (down from JP¥39.91 in 3Q 2025). Revenue: JP¥36.6b (up 33% from 3Q 2025). Net income: JP¥709.0m (down 24% from 3Q 2025). Profit margin: 1.9% (down from 3.4% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Nov 29
First half dividend of JP¥36.00 announced Shareholders will receive a dividend of JP¥36.00. Ex-date: 30th March 2026 Payment date: 9th June 2026 Dividend yield will be 3.4%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (40% earnings payout ratio) and cash flows (30% 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. Earnings per share has grown by 16% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Nov 29
Kanaden Corporation to Report Q3, 2026 Results on Feb 02, 2026 Kanaden Corporation announced that they will report Q3, 2026 results on Feb 02, 2026 Reported Earnings • Nov 06
Second quarter 2026 earnings released: EPS: JP¥39.79 (vs JP¥22.71 in 2Q 2025) Second quarter 2026 results: EPS: JP¥39.79 (up from JP¥22.71 in 2Q 2025). Revenue: JP¥32.0b (up 9.1% from 2Q 2025). Net income: JP¥887.0m (up 66% from 2Q 2025). Profit margin: 2.8% (up from 1.8% in 2Q 2025). Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 23% per year. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥36.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 28 November 2025. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.9%). Announcement • Sep 02
Kanaden Corporation to Report Q2, 2026 Results on Nov 04, 2025 Kanaden Corporation announced that they will report Q2, 2026 results on Nov 04, 2025 Reported Earnings • Jul 31
First quarter 2026 earnings released: EPS: JP¥13.96 (vs JP¥15.26 in 1Q 2025) First quarter 2026 results: EPS: JP¥13.96 (down from JP¥15.26 in 1Q 2025). Revenue: JP¥29.6b (up 32% from 1Q 2025). Net income: JP¥311.0m (down 13% from 1Q 2025). Profit margin: 1.1% (down from 1.6% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 23% per year. Declared Dividend • Jul 09
Final dividend of JP¥36.00 announced Shareholders will receive a dividend of JP¥36.00. Ex-date: 29th September 2025 Payment date: 28th November 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 (42% earnings payout ratio) and cash flows (34% 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. Earnings per share has grown by 8.1% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Jun 29
Full year 2025 earnings released: EPS: JP¥169 (vs JP¥148 in FY 2024) Full year 2025 results: EPS: JP¥169 (up from JP¥148 in FY 2024). Revenue: JP¥125.7b (up 8.1% from FY 2024). Net income: JP¥3.94b (up 14% from FY 2024). Profit margin: 3.1% (up from 3.0% in FY 2024). Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 26% per year. Announcement • Jun 27
Kanaden Corporation to Report Q1, 2026 Results on Jul 30, 2025 Kanaden Corporation announced that they will report Q1, 2026 results on Jul 30, 2025 Reported Earnings • May 21
Full year 2025 earnings released: EPS: JP¥169 (vs JP¥148 in FY 2024) Full year 2025 results: EPS: JP¥169 (up from JP¥148 in FY 2024). Revenue: JP¥125.7b (up 8.1% from FY 2024). Net income: JP¥3.94b (up 14% from FY 2024). Profit margin: 3.1% (up from 3.0% in FY 2024). Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 21% per year. Announcement • May 16
Kanaden Corporation, Annual General Meeting, Jun 27, 2025 Kanaden Corporation, Annual General Meeting, Jun 27, 2025. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥31.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 16 June 2025. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (3.3%). Announcement • Mar 07
Kanaden Corporation to Report Fiscal Year 2025 Results on May 16, 2025 Kanaden Corporation announced that they will report fiscal year 2025 results on May 16, 2025 Announcement • Feb 07
Kanaden Corporation Provides Consolidated Earnings Guidance for Full Year Ending March 31, 2025 Kanaden Corporation Provided Consolidated Earnings Guidance for Full Year Ending March 31, 2025. For the year, the company expects net sales of JPY 122,000 million, operating profit of JPY 5,050 million, profit of JPY 3,600 million and basic earnings per share of JPY 154.61. Reported Earnings • Feb 04
Third quarter 2025 earnings released: EPS: JP¥39.91 (vs JP¥19.96 in 3Q 2024) Third quarter 2025 results: EPS: JP¥39.91 (up from JP¥19.96 in 3Q 2024). Revenue: JP¥27.6b (up 3.3% from 3Q 2024). Net income: JP¥937.0m (up 100% from 3Q 2024). Profit margin: 3.4% (up from 1.8% 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 23% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Announcement • Feb 03
Kanaden Corporation (TSE:8081) announces an Equity Buyback for 1,196,000 shares, representing 5.09% for ¥1,741.38 million. Kanaden Corporation (TSE:8081) announces a share repurchase program. Under the program, the company will repurchase up to 1,196,000 shares, representing 5.09% of its issued share capital (excluding treasury stock), for a total purchase price of ¥1,741.38 million. The shares will be repurchased at a price of ¥1,456 per share. The purpose of the program is to improve capital efficiency and enhance profit return to shareholders. As of December 31, 2024, the company had 23,476,022 issued shares (excluding treasury stock) and 123,978 treasury shares. Announcement • Dec 04
Kanaden Corporation to Report Q3, 2025 Results on Feb 03, 2025 Kanaden Corporation announced that they will report Q3, 2025 results on Feb 03, 2025 Declared Dividend • Nov 29
First half dividend of JP¥31.00 announced Shareholders will receive a dividend of JP¥31.00. Ex-date: 28th March 2025 Payment date: 16th June 2025 Dividend yield will be 4.4%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is covered by both earnings (24% earnings payout ratio) and cash flows (77% 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. The company's earnings per share (EPS) would need to decline by 74% to shift the payout ratio to a potentially unsustainable range, which is more than the 1.2% EPS decline seen over the last 5 years. Announcement • Nov 27
Kanaden Corporation (TSE:8081) entered into share transfer agreement to acquire Takashima Electric Inc. from Tokyo Small and Medium Business Investment & Consultation Co., Ltd. and others for ¥2.2 billion. Kanaden Corporation (TSE:8081) entered into share transfer agreement to acquire Takashima Electric Inc. from Tokyo Small and Medium Business Investment & Consultation Co., Ltd. and others for ¥2.2 billion on November 26, 2024. A cash consideration of ¥2.25 billion will be paid by Kanaden Corporation for 140,000 shares.
For the period ending December 31, 2023, Takashima Electric Inc. reported total revenue of ¥4.79 billion, EBIT of ¥152 million and net income of ¥138 million. As of December 31, 2023, Takashima Electric Inc. reported total assets of ¥3.32 billion and total common equity of ¥1.71 billion. The expected completion of the transaction is December 2, 2024. Reported Earnings • Oct 31
Second quarter 2025 earnings released: EPS: JP¥22.71 (vs JP¥41.08 in 2Q 2024) Second quarter 2025 results: EPS: JP¥22.71 (down from JP¥41.08 in 2Q 2024). Revenue: JP¥29.4b (up 1.5% from 2Q 2024). Net income: JP¥533.0m (down 45% from 2Q 2024). Profit margin: 1.8% (down from 3.3% in 2Q 2024). The decrease in margin was driven by higher expenses. 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 10% per year, which means it is significantly lagging earnings growth. Announcement • Sep 27
Kanaden Corporation to Report Q2, 2025 Results on Oct 29, 2024 Kanaden Corporation announced that they will report Q2, 2025 results on Oct 29, 2024 Upcoming Dividend • Sep 20
Upcoming dividend of JP¥31.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 28 November 2024. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 4.3%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (3.3%). Valuation Update With 7 Day Price Move • Aug 07
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥1,363, the stock trades at a trailing P/E ratio of 9.6x. Average trailing P/E is 9x in the Trade Distributors industry in Japan. Total returns to shareholders of 45% over the past three years. Reported Earnings • Aug 02
First quarter 2025 earnings released: EPS: JP¥15.26 (vs JP¥21.89 in 1Q 2024) First quarter 2025 results: EPS: JP¥15.26 (down from JP¥21.89 in 1Q 2024). Revenue: JP¥22.4b (down 9.2% from 1Q 2024). Net income: JP¥358.0m (down 30% from 1Q 2024). Profit margin: 1.6% (down from 2.1% in 1Q 2024). The decrease in margin was driven by lower revenue. 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 11% per year, which means it is significantly lagging earnings growth. Declared Dividend • Jul 11
Final dividend of JP¥31.00 announced Shareholders will receive a dividend of JP¥31.00. Ex-date: 27th September 2024 Payment date: 28th November 2024 Dividend yield will be 3.6%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (34% earnings payout ratio) and cash flows (42% 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. Earnings per share has grown by 6.1% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Jun 28
Kanaden Corporation to Report Q1, 2025 Results on Jul 31, 2024 Kanaden Corporation announced that they will report Q1, 2025 results on Jul 31, 2024 Reported Earnings • May 18
Full year 2024 earnings released: EPS: JP¥148 (vs JP¥111 in FY 2023) Full year 2024 results: EPS: JP¥148 (up from JP¥111 in FY 2023). Revenue: JP¥116.3b (up 9.3% from FY 2023). Net income: JP¥3.47b (up 20% from FY 2023). Profit margin: 3.0% (up from 2.7% in FY 2023). The increase in margin was driven by higher revenue. 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 12% per year, which means it is significantly lagging earnings growth. Announcement • May 16
Kanaden Corporation, Annual General Meeting, Jun 28, 2024 Kanaden Corporation, Annual General Meeting, Jun 28, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥24.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 06 June 2024. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (2.4%). Announcement • Mar 02
Kanaden Corporation to Report Fiscal Year 2024 Results on May 14, 2024 Kanaden Corporation announced that they will report fiscal year 2024 results on May 14, 2024 Reported Earnings • Feb 02
Third quarter 2024 earnings released: EPS: JP¥19.95 (vs JP¥19.72 in 3Q 2023) Third quarter 2024 results: EPS: JP¥19.95. Revenue: JP¥26.7b (up 7.9% from 3Q 2023). Net income: JP¥468.0m (down 9.5% from 3Q 2023). Profit margin: 1.8% (down from 2.1% in 3Q 2023). The decrease in margin was driven by higher expenses. Announcement • Dec 01
Kanaden Corporation to Report Q3, 2024 Results on Jan 31, 2024 Kanaden Corporation announced that they will report Q3, 2024 results on Jan 31, 2024 Reported Earnings • Nov 02
Second quarter 2024 earnings released: EPS: JP¥41.07 (vs JP¥33.58 in 2Q 2023) Second quarter 2024 results: EPS: JP¥41.07 (up from JP¥33.58 in 2Q 2023). Revenue: JP¥28.9b (up 11% from 2Q 2023). Net income: JP¥963.0m (up 7.6% from 2Q 2023). Profit margin: 3.3% (down from 3.4% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥23.00 per share at 3.4% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 28 November 2023. Payout ratio is a comfortable 31% but the company is not cash flow positive. Trailing yield: 3.4%. Within top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (2.8%). Announcement • Sep 17
Kanaden Corporation to Report Q2, 2024 Results on Oct 31, 2023 Kanaden Corporation announced that they will report Q2, 2024 results on Oct 31, 2023 Reported Earnings • Aug 02
First quarter 2024 earnings released: EPS: JP¥21.89 (vs JP¥6.80 in 1Q 2023) First quarter 2024 results: EPS: JP¥21.89 (up from JP¥6.80 in 1Q 2023). Revenue: JP¥24.7b (up 28% from 1Q 2023). Net income: JP¥513.0m (up 183% from 1Q 2023). Profit margin: 2.1% (up from 0.9% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Jun 22
Kanaden Corporation to Report Q1, 2024 Results on Aug 01, 2023 Kanaden Corporation announced that they will report Q1, 2024 results on Aug 01, 2023 Reported Earnings • Jun 22
Full year 2023 earnings released: EPS: JP¥111 (vs JP¥71.77 in FY 2022) Full year 2023 results: EPS: JP¥111 (up from JP¥71.77 in FY 2022). Revenue: JP¥106.4b (up 5.5% from FY 2022). Net income: JP¥2.90b (up 51% from FY 2022). Profit margin: 2.7% (up from 1.9% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has remained flat. Reported Earnings • May 14
Full year 2023 earnings released: EPS: JP¥111 (vs JP¥71.77 in FY 2022) Full year 2023 results: EPS: JP¥111 (up from JP¥71.77 in FY 2022). Revenue: JP¥106.4b (up 5.5% from FY 2022). Net income: JP¥2.90b (up 51% from FY 2022). Profit margin: 2.7% (up from 1.9% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 1% per year. Announcement • May 14
Kanaden Corporation, Annual General Meeting, Jun 20, 2023 Kanaden Corporation, Annual General Meeting, Jun 20, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥17.00 per share at 2.4% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 07 June 2023. Payout ratio is a comfortable 26% but the company is not cash flow positive. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (3.8%). Reported Earnings • Feb 01
Third quarter 2023 earnings released: EPS: JP¥19.72 (vs JP¥10.71 in 3Q 2022) Third quarter 2023 results: EPS: JP¥19.72 (up from JP¥10.71 in 3Q 2022). Revenue: JP¥24.8b (up 6.6% from 3Q 2022). Net income: JP¥517.0m (up 80% from 3Q 2022). Profit margin: 2.1% (up from 1.2% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Announcement • Nov 30
Kanaden Corporation to Report Q3, 2023 Results on Jan 31, 2023 Kanaden Corporation announced that they will report Q3, 2023 results on Jan 31, 2023 Board Change • Nov 16
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. 5 non-independent directors. Independent Outside Director Tomoe Imado was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Nov 03
Kanaden Corporation (TSE:8081) announces an Equity Buyback for 760,000 shares, representing 2.85% for ¥839.8 million. Kanaden Corporation (TSE:8081) announces a share repurchase program. Under the program, the company will repurchase 760,000 shares, representing 2.85% of the outstanding shares, for ¥839.8 million. The shares will be repurchased at a price of ¥1,105 per share. The purpose of the program is to improve capital efficiency and enhance return of profits to shareholders. As of October 31, 2022, the company had 26,667,947 shares outstanding and 1,932,053 shares in treasury. Reported Earnings • Nov 03
Second quarter 2023 earnings released: EPS: JP¥33.58 (vs JP¥17.55 in 2Q 2022) Second quarter 2023 results: EPS: JP¥33.58 (up from JP¥17.55 in 2Q 2022). Revenue: JP¥26.2b (up 10.0% from 2Q 2022). Net income: JP¥895.0m (up 90% from 2Q 2022). Profit margin: 3.4% (up from 2.0% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Announcement • Sep 29
Sysmic Integration Co.,Ltd. concluded a share transfer agreement to acquire Kanaden Brain Corporation from Kanaden Corporation (TSE:8081). Sysmic Integration Co.,Ltd. concluded a share transfer agreement to acquire Kanaden Brain Corporation from Kanaden Corporation (TSE:8081) on September 29, 2022. For the year ended March 2022, Kanaden Brain Corporation reported sales of ¥1 billion. Transaction is expected to close on September 29, 2022. Announcement • Sep 22
Kanaden Corporation to Report Q2, 2023 Results on Nov 01, 2022 Kanaden Corporation announced that they will report Q2, 2023 results on Nov 01, 2022 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥17.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 29 November 2022. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (3.6%). Reported Earnings • Jul 31
First quarter 2023 earnings released: EPS: JP¥6.80 (vs JP¥1.87 in 1Q 2022) First quarter 2023 results: EPS: JP¥6.80 (up from JP¥1.87 in 1Q 2022). Revenue: JP¥19.4b (down 8.6% from 1Q 2022). Net income: JP¥181.0m (up 262% from 1Q 2022). Profit margin: 0.9% (up from 0.2% in 1Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Announcement • Jun 29
Kanaden Corporation to Report Q1, 2023 Results on Jul 29, 2022 Kanaden Corporation announced that they will report Q1, 2023 results on Jul 29, 2022 Reported Earnings • Jun 24
Full year 2022 earnings released Full year 2022 results: Revenue: JP¥100.8b (down 6.8% from FY 2021). Net income: JP¥1.92b (down 17% from FY 2021). Profit margin: 1.9% (down from 2.1% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Reported Earnings • May 18
Full year 2022 earnings released: EPS: JP¥71.77 (vs JP¥82.83 in FY 2021) Full year 2022 results: EPS: JP¥71.77 (down from JP¥82.83 in FY 2021). Revenue: JP¥100.8b (down 6.8% from FY 2021). Net income: JP¥1.92b (down 17% from FY 2021). Profit margin: 1.9% (down from 2.1% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 20% 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. Announcement • May 15
Kanaden Corporation, Annual General Meeting, Jun 21, 2022 Kanaden Corporation, Annual General Meeting, Jun 21, 2022. 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 Yayoi Ito 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
Kanaden Corporation to Report Fiscal Year 2022 Results on May 13, 2022 Kanaden Corporation announced that they will report fiscal year 2022 results on May 13, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥16.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 10 June 2022. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (3.4%). Announcement • Mar 04
Kanaden Corporation (TSE:8081) announces an Equity Buyback for 160,000 shares, representing 0.6% for ¥160.32 million. Kanaden Corporation (TSE:8081) announces a share repurchase program. Under the program, the company will repurchase 160,000 shares, representing 0.6% of the outstanding shares, for ¥160.32 million. The shares will be repurchased at a price of ¥1,002 per share. The purpose of the program is to enhance capital efficiency and to improve shareholder returns. As of February 28, 2022, the company had 26,791,762 shares outstanding and 1,808,238 shares in treasury. Reported Earnings • Feb 02
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥10.71 (up from JP¥4.93 in 3Q 2021). Revenue: JP¥23.2b (down 5.1% from 3Q 2021). Net income: JP¥287.0m (up 108% from 3Q 2021). Profit margin: 1.2% (up from 0.6% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 01
Second quarter 2022 earnings released: EPS JP¥17.55 (vs JP¥35.13 in 2Q 2021) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥23.8b (down 9.1% from 2Q 2021). Net income: JP¥470.0m (down 53% from 2Q 2021). Profit margin: 2.0% (down from 3.8% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 12% 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. 
