Announcement • May 26
Nissan Shatai Opposes the Shareholder Proposals from Strategic Capital On May 25, 2026, Nissan Shatai Co., Ltd. announced that its Board of Directors has resolved to oppose shareholder proposals submitted by Intertrust Trustees (Cayman) Limited Solely in its Capacity as Trustee of Japan-Up and Strategic Capital Co., Ltd. for the 103rd Annual General Meeting of Shareholders scheduled for June 25, 2026. The shareholder proposals include "Disposal of surplus (reversal of special reserves)" and "Disposal of surplus (special dividend)." The Board opposes the "Disposal of surplus (reversal of special reserves)" proposal, stating that maintaining special reserves is necessary for sound medium- to long-term management, appropriate shareholder returns, investments for sustainable growth, and preparation for unforeseen events such as natural disasters and cyber risks. The Board also opposes the "Disposal of surplus (special dividend)" proposal, arguing that distributing the entire distributable amount as a special dividend without considering future investment needs or funding for unforeseen events is inappropriate and could hinder sustainable growth. The Board emphasizes its commitment to a dividend policy with a payout ratio of at least 30% and ongoing investments aligned with Nissan’s management reconstruction plan "Re: Nissan." Reported Earnings • May 15
Full year 2026 earnings released: EPS: JP¥50.89 (vs JP¥22.39 in FY 2025) Full year 2026 results: EPS: JP¥50.89 (up from JP¥22.39 in FY 2025). Revenue: JP¥403.8b (up 15% from FY 2025). Net income: JP¥6.89b (up 127% from FY 2025). Profit margin: 1.7% (up from 0.9% in FY 2025). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • May 13
Nissan Shatai Co., Ltd., Annual General Meeting, Jun 25, 2026 Nissan Shatai Co., Ltd., Annual General Meeting, Jun 25, 2026. Buy Or Sell Opportunity • May 12
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 7.6% to JP¥971. The fair value is estimated to be JP¥1,224, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.7% over the last 3 years. Earnings per share has grown by 21%. Buy Or Sell Opportunity • Apr 23
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.8% to JP¥935. The fair value is estimated to be JP¥1,176, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.7% over the last 3 years. Earnings per share has grown by 21%. Announcement • Apr 01
Nissan Shatai Co., Ltd. to Report Fiscal Year 2026 Results on May 13, 2026 Nissan Shatai Co., Ltd. announced that they will report fiscal year 2026 results at 3:00 PM, Tokyo Standard Time on May 13, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥6.50 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 29 June 2026. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (3.2%). Reported Earnings • Feb 14
Third quarter 2026 earnings released: EPS: JP¥13.07 (vs JP¥23.52 in 3Q 2025) Third quarter 2026 results: EPS: JP¥13.07 (down from JP¥23.52 in 3Q 2025). Revenue: JP¥104.7b (flat on 3Q 2025). Net income: JP¥1.77b (down 44% from 3Q 2025). Profit margin: 1.7% (down from 3.1% in 3Q 2025). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Declared Dividend • Jan 29
First half dividend of JP¥6.50 announced Shareholders will receive a dividend of JP¥6.50. Ex-date: 30th March 2026 Payment date: 29th June 2026 Dividend yield will be 1.3%, which is lower than the industry average of 2.5%. Sustainability & Growth Dividend is well covered by both earnings (21% earnings payout ratio) and cash flows (12% cash payout ratio). The dividend has increased by an average of 3.7% 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 68% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Jan 15
Nissan Shatai Co., Ltd. to Report Q3, 2026 Results on Feb 12, 2026 Nissan Shatai Co., Ltd. announced that they will report Q3, 2026 results on Feb 12, 2026 Announcement • Oct 09
Nissan Shatai Co., Ltd. to Report Q2, 2026 Results on Nov 06, 2025 Nissan Shatai Co., Ltd. announced that they will report Q2, 2026 results on Nov 06, 2025 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥6.50 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 02 December 2025. Payout ratio is a comfortable 29% but the company is not cash flow positive. Trailing yield: 1.0%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (3.4%). Reported Earnings • Jul 31
First quarter 2026 earnings released: EPS: JP¥12.76 (vs JP¥9.89 loss in 1Q 2025) First quarter 2026 results: EPS: JP¥12.76 (up from JP¥9.89 loss in 1Q 2025). Revenue: JP¥87.9b (up 35% from 1Q 2025). Net income: JP¥1.73b (up JP¥3.07b from 1Q 2025). Profit margin: 2.0% (up from net loss in 1Q 2025). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Announcement • Jul 10
Nissan Shatai Co., Ltd. to Report Q1, 2026 Results on Jul 30, 2025 Nissan Shatai Co., Ltd. announced that they will report Q1, 2026 results on Jul 30, 2025 Declared Dividend • Jul 09
Final dividend of JP¥6.50 announced Shareholders will receive a dividend of JP¥6.50. Ex-date: 29th September 2025 Payment date: 2nd December 2025 Dividend yield will be 1.2%, which is lower than the industry average of 2.5%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 17x earnings) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 3.7% 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. The company's earnings per share (EPS) would need to grow by 1,837% to bring the payout ratio under control. However, EPS has declined by 12% over the last 5 years so the company would need to reverse this trend. Reported Earnings • Jul 01
Full year 2025 earnings released: EPS: JP¥22.39 (vs JP¥3.01 in FY 2024) Full year 2025 results: EPS: JP¥22.39 (up from JP¥3.01 in FY 2024). Revenue: JP¥350.5b (up 16% from FY 2024). Net income: JP¥3.03b (up JP¥2.63b from FY 2024). Profit margin: 0.9% (up from 0.1% in FY 2024). Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 15
Full year 2025 earnings released: EPS: JP¥22.39 (vs JP¥3.01 in FY 2024) Full year 2025 results: EPS: JP¥22.39 (up from JP¥3.01 in FY 2024). Revenue: JP¥350.5b (up 16% from FY 2024). Net income: JP¥3.03b (up JP¥2.63b from FY 2024). Profit margin: 0.9% (up from 0.1% in FY 2024). Over the last 3 years on average, earnings per share has increased by 29% per year whereas the company’s share price has increased by 27% per year. Announcement • May 13
Nissan Shatai Co., Ltd., Annual General Meeting, Jun 26, 2025 Nissan Shatai Co., Ltd., Annual General Meeting, Jun 26, 2025. Announcement • Apr 10
Nissan Shatai Co., Ltd. to Report Fiscal Year 2025 Results on May 13, 2025 Nissan Shatai Co., Ltd. announced that they will report fiscal year 2025 results on May 13, 2025 Announcement • Mar 24
Nissan Shatai Co., Ltd. Announces Corporate Officer Appointment Nissan Shatai Co., Ltd. has announced the following Corporate Officers and Vice Presidents (VP) appointments starting April 2025. Promotion (effective April 1, 2025): Senior Vice President, Overall supervision of General & Administration Div., responsible for Administration Dept., Secretariat, Conversion Business Dept.: Wataru Suzuki (Currently Corporate Vice President, responsible for Purchasing Dept., Conversion Business Dept.); Resignations (effective March 31, 2025): Shin Kotaki will resign as Senior Vice President (Overall supervision of General & Administration Div., responsible for Secretariat, Internal Control Dept., Administration Dept., Legal & Communications Dept.) and continue as a director. Hiroyuki Nakanishi will resign as Corporate Vice President (responsible for R&D Resource Management Dept., Chassis & Component Design Dept., Vehicle Evaluation & Test Dept. R&D TdC Leader) and become President and CEO, Auto Works Kyoto. Co., Ltd. and Appointment (effective April 1, 2025): Internal Control Dept. General Manager of Legal & Communications Dept. Corporate Vice President, Company Compliance Officer, responsible for Internal Audit Office,: Yoshio Saito (Currently, General Manager of Legal & Communications Dept.). Upcoming Dividend • Mar 21
Upcoming dividend of JP¥6.50 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 27 June 2025. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 1.2%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (3.4%). Reported Earnings • Feb 15
Third quarter 2025 earnings released: EPS: JP¥23.52 (vs JP¥11.78 in 3Q 2024) Third quarter 2025 results: EPS: JP¥23.52 (up from JP¥11.78 in 3Q 2024). Revenue: JP¥104.3b (up 21% from 3Q 2024). Net income: JP¥3.19b (up 97% from 3Q 2024). Profit margin: 3.1% (up from 1.9% in 3Q 2024). 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 15% per year, which means it is significantly lagging earnings growth. Announcement • Jan 21
Nissan Shatai Co., Ltd. to Report Q3, 2025 Results on Feb 13, 2025 Nissan Shatai Co., Ltd. announced that they will report Q3, 2025 results on Feb 13, 2025 New Risk • Dec 13
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 7.4% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (7.4% average weekly change). Earnings have declined by 22% per year over the past 5 years. Declared Dividend • Dec 03
First half dividend of JP¥6.50 announced Shareholders will receive a dividend of JP¥6.50. Ex-date: 28th March 2025 Payment date: 27th June 2025 Dividend yield will be 1.2%, which is lower than the industry average of 2.5%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 3.7% 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. New Risk • Nov 12
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 5.7% 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: Major Risk Earnings have declined by 22% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (5.7% average weekly change). Reported Earnings • Nov 09
Second quarter 2025 earnings released: JP¥0.89 loss per share (vs JP¥2.34 profit in 2Q 2024) Second quarter 2025 results: JP¥0.89 loss per share (down from JP¥2.34 profit in 2Q 2024). Revenue: JP¥81.7b (up 8.2% from 2Q 2024). Net loss: JP¥120.0m (down 139% from profit in 2Q 2024). 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 9% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 09
Nissan Shatai Co., Ltd. to Report Q2, 2025 Results on Nov 06, 2024 Nissan Shatai Co., Ltd. announced that they will report Q2, 2025 results on Nov 06, 2024 Upcoming Dividend • Sep 20
Upcoming dividend of JP¥6.50 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.3%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (3.3%). Reported Earnings • Jul 27
First quarter 2025 earnings released: JP¥9.89 loss per share (vs JP¥0.75 profit in 1Q 2024) First quarter 2025 results: JP¥9.89 loss per share (down from JP¥0.75 profit in 1Q 2024). Revenue: JP¥65.1b (down 7.0% from 1Q 2024). Net loss: JP¥1.34b (down JP¥1.44b from profit in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Announcement • Jul 13
Nissan Shatai Co., Ltd. to Report Q1, 2025 Results on Jul 25, 2024 Nissan Shatai Co., Ltd. announced that they will report Q1, 2025 results on Jul 25, 2024 Declared Dividend • Jul 11
Final dividend of JP¥6.50 announced Shareholders will receive a dividend of JP¥6.50. Ex-date: 27th September 2024 Payment date: 2nd December 2024 Dividend yield will be 1.3%, which is lower than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (62% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 3.7% 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. The company's earnings per share (EPS) would need to decline by 31% to shift the payout ratio to a potentially unsustainable range, which is less than the 41% EPS decline seen over the last 5 years. Reported Earnings • May 11
Full year 2024 earnings released: EPS: JP¥3.01 (vs JP¥28.67 in FY 2023) Full year 2024 results: EPS: JP¥3.01 (down from JP¥28.67 in FY 2023). Revenue: JP¥301.1b (down 2.1% from FY 2023). Net income: JP¥407.0m (down 90% from FY 2023). Profit margin: 0.1% (down from 1.3% in FY 2023). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 11
Nissan Shatai Co., Ltd., Annual General Meeting, Jun 26, 2024 Nissan Shatai Co., Ltd., Annual General Meeting, Jun 26, 2024. Announcement • Apr 13
Nissan Shatai Co., Ltd. to Report Fiscal Year 2024 Results on May 09, 2024 Nissan Shatai Co., Ltd. announced that they will report fiscal year 2024 results on May 09, 2024 Announcement • Mar 22
Nissan Shatai Co., Ltd. Appoints Takashi Tomiyama as Executive Vice President, Effective April 1, 2024 Nissan Shatai Co., Ltd. has announced the following Corporate Officer appointments starting April 2024. Corporate Officer Appointments (effective April 1, 2024): Takashi Tomiyama as Executive Vice President Currently President of Nissan Motor Kyushu Co., Ltd. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥6.50 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 62% but the company is not cash flow positive. Trailing yield: 1.3%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (2.1%). Reported Earnings • Feb 10
Third quarter 2024 earnings released: EPS: JP¥11.95 (vs JP¥16.34 in 3Q 2023) Third quarter 2024 results: EPS: JP¥11.95 (down from JP¥16.34 in 3Q 2023). Revenue: JP¥86.5b (down 1.4% from 3Q 2023). Net income: JP¥1.62b (down 27% from 3Q 2023). Profit margin: 1.9% (down from 2.5% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. New Risk • Jan 22
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 13% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (5.6% average weekly change). Announcement • Jan 17
Nissan Shatai Co., Ltd. to Report Q3, 2024 Results on Feb 08, 2024 Nissan Shatai Co., Ltd. announced that they will report Q3, 2024 results on Feb 08, 2024 New Risk • Nov 10
New major risk - Revenue and earnings growth Earnings have declined by 13% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Reported Earnings • Nov 10
Second quarter 2024 earnings released: EPS: JP¥2.30 (vs JP¥4.19 in 2Q 2023) Second quarter 2024 results: EPS: JP¥2.30 (down from JP¥4.19 in 2Q 2023). Revenue: JP¥75.5b (flat on 2Q 2023). Net income: JP¥312.0m (down 45% from 2Q 2023). Profit margin: 0.4% (down from 0.7% 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 fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Oct 19
Nissan Shatai Co., Ltd. to Report Q2, 2024 Results on Nov 09, 2023 Nissan Shatai Co., Ltd. announced that they will report Q2, 2024 results on Nov 09, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of JP¥6.50 per share at 1.5% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 01 December 2023. Payout ratio is a comfortable 35% but the company is paying out more than the cash it is generating. Trailing yield: 1.5%. Lower than top quartile of Japanese dividend payers (3.3%). Lower than average of industry peers (2.2%). Reported Earnings • Jul 27
First quarter 2024 earnings released: EPS: JP¥0.75 (vs JP¥8.20 loss in 1Q 2023) First quarter 2024 results: EPS: JP¥0.75 (up from JP¥8.20 loss in 1Q 2023). Revenue: JP¥70.0b (up 27% from 1Q 2023). Net income: JP¥102.0m (up JP¥1.21b from 1Q 2023). Profit margin: 0.1% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 3% per year. Reported Earnings • May 15
Full year 2023 earnings released: EPS: JP¥28.67 (vs JP¥16.37 loss in FY 2022) Full year 2023 results: EPS: JP¥28.67 (up from JP¥16.37 loss in FY 2022). Revenue: JP¥307.5b (up 43% from FY 2022). Net income: JP¥3.88b (up JP¥6.10b from FY 2022). Profit margin: 1.3% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • May 13
Nissan Shatai Co., Ltd., Annual General Meeting, Jun 28, 2023 Nissan Shatai Co., Ltd., Annual General Meeting, Jun 28, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥6.50 per share at 1.5% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 26 June 2023. Payout ratio is a comfortable 34% but the company is not cash flow positive. Trailing yield: 1.5%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (3.3%). Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: JP¥16.34 (vs JP¥21.52 loss in 3Q 2022) Third quarter 2023 results: EPS: JP¥16.34 (up from JP¥21.52 loss in 3Q 2022). Revenue: JP¥87.8b (up 190% from 3Q 2022). Net income: JP¥2.21b (up JP¥5.13b from 3Q 2022). Profit margin: 2.5% (up from net loss in 3Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance. Announcement • Jan 21
Nissan Shatai Co., Ltd. to Report Q3, 2023 Results on Feb 09, 2023 Nissan Shatai Co., Ltd. announced that they will report Q3, 2023 results on Feb 09, 2023 Board Change • Nov 16
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 6 new directors. 3 experienced directors. No highly experienced directors. 2 independent directors (4 non-independent directors). Outside Statutory Auditor Izumi Inoue is the most experienced director on the board, commencing their role in 2015. Outside Independent Director Yasuyuki Ohira was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Nov 11
Second quarter 2023 earnings released: EPS: JP¥4.19 (vs JP¥2.87 loss in 2Q 2022) Second quarter 2023 results: EPS: JP¥4.19 (up from JP¥2.87 loss in 2Q 2022). Revenue: JP¥75.9b (up 30% from 2Q 2022). Net income: JP¥567.0m (up JP¥956.0m from 2Q 2022). Profit margin: 0.7% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance. Announcement • Oct 18
Nissan Shatai Co., Ltd. to Report Q2, 2023 Results on Nov 09, 2022 Nissan Shatai Co., Ltd. announced that they will report Q2, 2023 results on Nov 09, 2022 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥6.50 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 01 December 2022. The company is not currently making a profit but it is cash flow positive. Trailing yield: 1.6%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (2.7%). Reported Earnings • Jul 30
First quarter 2023 earnings released: JP¥8.20 loss per share (vs JP¥1.31 profit in 1Q 2022) First quarter 2023 results: JP¥8.20 loss per share (down from JP¥1.31 profit in 1Q 2022). Revenue: JP¥55.1b (down 2.7% from 1Q 2022). Net loss: JP¥1.11b (down JP¥1.29b from profit in 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Announcement • Jul 11
Nissan Shatai Co., Ltd. to Report Q1, 2023 Results on Jul 28, 2022 Nissan Shatai Co., Ltd. announced that they will report Q1, 2023 results on Jul 28, 2022 Reported Earnings • May 17
Full year 2022 earnings released: JP¥16.37 loss per share (vs JP¥14.15 profit in FY 2021) Full year 2022 results: JP¥16.37 loss per share (down from JP¥14.15 profit in FY 2021). Revenue: JP¥215.4b (down 41% from FY 2021). Net loss: JP¥2.22b (down 216% from profit in FY 2021). Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Announcement • May 14
Nissan Shatai Co., Ltd., Annual General Meeting, Jun 23, 2022 Nissan Shatai Co., Ltd., Annual General Meeting, Jun 23, 2022. Board Change • Apr 27
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 5 new directors. 4 experienced directors. No highly experienced directors. 2 independent directors (4 non-independent directors). Outside Statutory Auditor Izumi Inoue is the most experienced director on the board, commencing their role in 2015. Independent Outside Director Masayuki Imai was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Apr 16
Nissan Shatai Co., Ltd. to Report Fiscal Year 2022 Results on May 12, 2022 Nissan Shatai Co., Ltd. announced that they will report fiscal year 2022 results on May 12, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥6.50 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 25 June 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (2.6%). Reported Earnings • Feb 09
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: JP¥21.52 loss per share (down from JP¥16.91 profit in 3Q 2021). Revenue: JP¥30.3b (down 73% from 3Q 2021). Net loss: JP¥2.92b (down 227% from profit in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 10
Second quarter 2022 earnings released: JP¥2.87 loss per share (vs JP¥2.05 profit in 2Q 2021) The company reported a poor second quarter result with weaker earnings, revenues and control over costs. Second quarter 2022 results: Revenue: JP¥58.6b (down 31% from 2Q 2021). Net loss: JP¥389.0m (down 240% from profit in 2Q 2021). 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 9% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥6.50 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 01 December 2021. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.0%). Lower than average of industry peers (2.6%). Reported Earnings • Jun 30
Full year 2021 earnings released: EPS JP¥14.15 (vs JP¥43.02 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥362.9b (down 27% from FY 2020). Net income: JP¥1.92b (down 67% from FY 2020). Profit margin: 0.5% (down from 1.2% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Reported Earnings • May 14
Full year 2021 earnings released: EPS JP¥14.15 (vs JP¥43.02 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥362.9b (down 27% from FY 2020). Net income: JP¥1.92b (down 67% from FY 2020). Profit margin: 0.5% (down from 1.2% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥6.50 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 25 June 2021. Trailing yield: 1.5%. Lower than top quartile of Japanese dividend payers (2.7%). Lower than average of industry peers (2.5%). Is New 90 Day High Low • Feb 18
New 90-day low: JP¥806 The company is down 12% from its price of JP¥919 on 20 November 2020. The Japanese market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto industry, which is up 12% over the same period. Reported Earnings • Feb 11
Third quarter 2021 earnings released: EPS JP¥16.91 (vs JP¥17.74 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and revenues, although profit margins were improved. Third quarter 2021 results: Revenue: JP¥113.9b (down 21% from 3Q 2020). Net income: JP¥2.29b (down 4.7% from 3Q 2020). Profit margin: 2.0% (up from 1.7% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Jan 29
New 90-day low: JP¥822 The company is down 7.0% from its price of JP¥880 on 30 October 2020. The Japanese market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto industry, which is up 13% over the same period. Announcement • Jan 23
Nissan Shatai Co., Ltd. to Report Q3, 2021 Results on Feb 09, 2021 Nissan Shatai Co., Ltd. announced that they will report Q3, 2021 results on Feb 09, 2021 Is New 90 Day High Low • Dec 22
New 90-day low: JP¥867 The company is down 3.0% from its price of JP¥894 on 23 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto industry, which is up 13% over the same period. Announcement • Oct 17
Nissan Shatai Co., Ltd. to Report Q2, 2021 Results on Nov 12, 2020 Nissan Shatai Co., Ltd. announced that they will report Q2, 2021 results on Nov 12, 2020 Announcement • Jul 10
Nissan Shatai Co., Ltd. to Report Q1, 2020 Results on Jul 28, 2020 Nissan Shatai Co., Ltd. announced that they will report Q1, 2020 results on Jul 28, 2020 