Price Target Changed • Jun 03
Price target increased by 8.8% to JP¥3,560 Up from JP¥3,273, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of JP¥3,548. Stock is up 113% over the past year. The company is forecast to post earnings per share of JP¥175 for next year compared to JP¥166 last year. Announcement • May 30
Nichias Corporation to Report Q1, 2027 Results on Aug 04, 2026 Nichias Corporation announced that they will report Q1, 2027 results on Aug 04, 2026 Announcement • May 13
Nichias Corporation (TSE:5393) announces an Equity Buyback for 2,300,000 shares, representing 1.22% for ¥5,000 million. Nichias Corporation (TSE:5393) announces a share repurchase program. Under the program, the company will repurchase up to 2,300,000 shares, representing 1.22% of its issued share capital, for ¥5,000 million. The purpose of the program is to improve shareholder returns and capital efficiency. The program is valid till September 30, 2026. As of April 30, 2026, there are 189,088,882 outstanding shares (excluding treasury stock) and 1,896,869 treasury shares. New Risk • May 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 8.0% 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. This is currently the only risk that has been identified for the company. Reported Earnings • May 12
Full year 2026 earnings: EPS exceeds analyst expectations Full year 2026 results: EPS: JP¥497. Revenue: JP¥251.9b (down 1.8% from FY 2025). Net income: JP¥31.6b (down 1.4% from FY 2025). Profit margin: 13% (in line with FY 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 15%. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Building industry in Japan. Announcement • May 11
Nichias Corporation, Annual General Meeting, Jun 26, 2026 Nichias Corporation, Annual General Meeting, Jun 26, 2026. Buy Or Sell Opportunity • Apr 09
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 28% to JP¥3,078. The fair value is estimated to be JP¥2,560, 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 grown by 14%. For the next 3 years, revenue is forecast to grow by 4.8% per annum. Earnings are also forecast to grow by 6.9% per annum over the same time period. Announcement • Apr 02
Nichias Corporation to Report Fiscal Year 2026 Results on May 11, 2026 Nichias Corporation announced that they will report fiscal year 2026 results on May 11, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥88.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 30 June 2026. Payout ratio is a comfortable 28% and the cash payout ratio is 89%. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (2.3%). Price Target Changed • Feb 25
Price target increased by 13% to JP¥8,900 Up from JP¥7,900, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of JP¥9,162. Stock is up 101% over the past year. The company is forecast to post earnings per share of JP¥430 for next year compared to JP¥491 last year. Buy Or Sell Opportunity • Feb 25
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 47% to JP¥9,186. The fair value is estimated to be JP¥7,642, 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 grown by 14%. For the next 3 years, revenue is forecast to grow by 3.8% per annum. Earnings are also forecast to grow by 5.2% per annum over the same time period. Price Target Changed • Feb 16
Price target increased by 8.9% to JP¥8,300 Up from JP¥7,620, the current price target is an average from 5 analysts. New target price is 5.0% above last closing price of JP¥7,904. Stock is up 73% over the past year. The company is forecast to post earnings per share of JP¥427 for next year compared to JP¥491 last year. Announcement • Feb 16
Nichias Corporation Provides Consolidated Earnings Guidance for the Full Year Ending March 31, 2026 Nichias Corporation provided consolidated earnings guidance for the full year ending March 31, 2026. For the full year, the company expects net sales of JPY 254,000 million, operating income of JPY 36,500 million, profit attributable to owners of the parent of JPY 25,800 million or JPY 403.93 per basic share. New Risk • Feb 11
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 95% Dividend yield: 2.2% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Reported Earnings • Feb 10
Third quarter 2026 earnings released: EPS: JP¥133 (vs JP¥132 in 3Q 2025) Third quarter 2026 results: EPS: JP¥133. Revenue: JP¥62.3b (down 6.1% from 3Q 2025). Net income: JP¥8.47b (down 1.5% from 3Q 2025). Profit margin: 14% (in line with 3Q 2025). Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Building industry in Japan. Price Target Changed • Jan 24
Price target increased by 7.6% to JP¥7,620 Up from JP¥7,080, the current price target is an average from 5 analysts. New target price is 6.3% below last closing price of JP¥8,130. Stock is up 59% over the past year. The company is forecast to post earnings per share of JP¥419 for next year compared to JP¥491 last year. Declared Dividend • Dec 02
First half dividend of JP¥76.00 announced Shareholders will receive a dividend of JP¥76.00. Ex-date: 30th March 2026 Payment date: 30th June 2026 Dividend yield will be 2.4%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is covered by both earnings (28% earnings payout ratio) and cash flows (59% cash payout ratio). The dividend has increased by an average of 17% 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. EPS is expected to grow by 16% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Nov 29
Nichias Corporation to Report Q3, 2026 Results on Feb 09, 2026 Nichias Corporation announced that they will report Q3, 2026 results on Feb 09, 2026 Reported Earnings • Nov 13
Second quarter 2026 earnings released: EPS: JP¥96.72 (vs JP¥89.95 in 2Q 2025) Second quarter 2026 results: EPS: JP¥96.72 (up from JP¥89.95 in 2Q 2025). Revenue: JP¥60.7b (down 4.2% from 2Q 2025). Net income: JP¥6.17b (up 4.4% from 2Q 2025). Profit margin: 10% (in line with 2Q 2025). Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Building industry in Japan. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 11
Nichias Corporation (TSE:5393) announces an Equity Buyback for 1,400,000 shares, representing 2.2% for ¥5,000 million. Nichias Corporation announces a share repurchase program. Under the program, the company will repurchase up to 1,400,000 shares, representing 2.19% of its issued share capital, for ¥3,000 million. The purpose of the program is to improve shareholder returns and capital efficiency. The program is valid till March 31, 2026. As of September 30, 2025, there are 63,765,444 outstanding shares (excluding treasury stock) and 4,046,473 treasury shares. Buy Or Sell Opportunity • Oct 28
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.9% to JP¥5,589. The fair value is estimated to be JP¥7,201, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.9% over the last 3 years. Earnings per share has grown by 14%. For the next 3 years, revenue is forecast to grow by 2.9% per annum. Earnings are also forecast to grow by 3.3% per annum over the same time period. Buy Or Sell Opportunity • Sep 24
Now 21% undervalued Over the last 90 days, the stock has risen 5.6% to JP¥5,719. The fair value is estimated to be JP¥7,246, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.9% over the last 3 years. Earnings per share has grown by 14%. For the next 3 years, revenue is forecast to grow by 2.9% per annum. Earnings are also forecast to grow by 3.3% per annum over the same time period. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥76.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 02 December 2025. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (2.6%). Price Target Changed • Sep 10
Price target increased by 7.7% to JP¥6,425 Up from JP¥5,967, the current price target is an average from 4 analysts. New target price is 7.5% above last closing price of JP¥5,975. Stock is up 18% over the past year. The company is forecast to post earnings per share of JP¥408 for next year compared to JP¥491 last year. Announcement • Sep 02
Nichias Corporation to Report Q2, 2026 Results on Nov 11, 2025 Nichias Corporation announced that they will report Q2, 2026 results on Nov 11, 2025 Reported Earnings • Aug 08
First quarter 2026 earnings released: EPS: JP¥102 (vs JP¥130 in 1Q 2025) First quarter 2026 results: EPS: JP¥102 (down from JP¥130 in 1Q 2025). Revenue: JP¥62.0b (down 1.9% from 1Q 2025). Net income: JP¥6.57b (down 23% from 1Q 2025). Profit margin: 11% (down from 14% in 1Q 2025). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Building industry in Japan. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Aug 08
Now 22% undervalued Over the last 90 days, the stock has risen 17% to JP¥5,788. The fair value is estimated to be JP¥7,408, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.9% over the last 3 years. Earnings per share has grown by 14%. Revenue is forecast to grow by 5.3% in 2 years. Earnings are forecast to grow by 2.6% in the next 2 years. Declared Dividend • Jul 09
Final dividend of JP¥76.00 announced Shareholders will receive a dividend of JP¥76.00. Ex-date: 29th September 2025 Payment date: 2nd December 2025 Dividend yield will be 2.4%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is well covered by both earnings (22% earnings payout ratio) and cash flows (40% cash payout ratio). The dividend has increased by an average of 17% 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. EPS is expected to grow by 5.4% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jul 01
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: JP¥491 (up from JP¥407 in FY 2024). Revenue: JP¥256.5b (up 2.9% from FY 2024). Net income: JP¥32.1b (up 19% from FY 2024). Profit margin: 13% (up from 11% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.2%. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Building industry in Japan. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jun 03
Nichias Corporation to Report Q1, 2026 Results on Aug 07, 2025 Nichias Corporation announced that they will report Q1, 2026 results on Aug 07, 2025 Reported Earnings • May 13
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: JP¥491 (up from JP¥407 in FY 2024). Revenue: JP¥256.5b (up 2.9% from FY 2024). Net income: JP¥32.1b (up 19% from FY 2024). Profit margin: 13% (up from 11% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.2%. Revenue is forecast to grow 2.8% p.a. on average during the next 2 years, compared to a 4.0% growth forecast for the Building industry in Japan. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥56.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 30 June 2025. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (2.4%). Buy Or Sell Opportunity • Mar 05
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 24% to JP¥4,444. The fair value is estimated to be JP¥5,593, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.3% over the last 3 years. Earnings per share has grown by 13%. Revenue is forecast to grow by 4.5% in 2 years. Earnings are forecast to grow by 4.0% in the next 2 years. Announcement • Mar 01
Nichias Corporation to Report Fiscal Year 2025 Results on May 12, 2025 Nichias Corporation announced that they will report fiscal year 2025 results on May 12, 2025 Announcement • Feb 14
Nichias Corporation Provides Dividend Guidance for the Fiscal Year Ending March 31, 2025 Nichias Corporation provided dividend guidance for the fiscal year ending March 31, 2025. For the year, the company expects dividend of JPY 56.00 per share compared to JPY 50.00 per share a year ago. Reported Earnings • Feb 07
Third quarter 2025 earnings released: EPS: JP¥132 (vs JP¥101 in 3Q 2024) Third quarter 2025 results: EPS: JP¥132 (up from JP¥101 in 3Q 2024). Revenue: JP¥66.3b (up 1.9% from 3Q 2024). Net income: JP¥8.60b (up 28% from 3Q 2024). Profit margin: 13% (up from 10% in 3Q 2024). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Building industry in Japan. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 06
Nichias Corporation Announces Organizational Changes, Effective April 1, 2025 Nichias Corporation announced that organizational changes, effective April 1, 2025. The company announced that Satoshi Tanabe, Director and Senior Managing Executive Officer Division Director of Production, Health and Safety, Environment, and Quality Assurance, and Division Director of Production Headquarter Division to Director and Senior Managing Executive Officer In Charge of Production Department, Health and Safety, Environment, and Quality Assurance. Kiyoshi Sato from Director and Managing Executive Officer In Charge of Research and Development and Digitalization Promotion, Division Director of Research & Development Division to Director and Managing Executive Officer In Charge of Research and Development and Digitalization Promotion. Changes in executive officers' positions, titles, and responsibilities: Hiroki Asada from Senior Executive Officer, Division Director of Industrial Products Division to Senior Executive Officer, Division Director of Production Headquarter Division. Yuko Totsuka from Senior Executive Officer In Charge of Health and Safety, Environment, and Quality Assurance to Senior Executive Officer In Charge of Environment. Koji Iwata from Executive Officer Deputy Division Director of Research & Development Division, and Division Director of Planning & Development Department in Research & Development Division. New appointment, Reiko Iwasaki as outside Director. Retiring directors (1 director): Yoichi Eto (currently Outside Director). Executive officers for the upcoming fiscal year (13 executive officers): As the terms of office of all 10 current executive officers will expire on June 27, 2025, a total of 13 executive officers, nine of whom were reappointed and four of whom was newly appointed, were elected as the executive officers for the upcoming fiscal year as follows. Retiring executive officers (1 executive officer): Tatsuya Kawabe (currently Executive Officer and In Charge of Personnel System Reform and Work-Style Reform). Buy Or Sell Opportunity • Feb 03
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.6% to JP¥4,973. The fair value is estimated to be JP¥6,339, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.7% over the last 3 years. Earnings per share has grown by 14%. Revenue is forecast to grow by 3.9% in 2 years. Earnings are forecast to grow by 9.1% in the next 2 years. Announcement • Dec 03
Nichias Corporation to Report Q3, 2025 Results on Feb 06, 2025 Nichias Corporation announced that they will report Q3, 2025 results on Feb 06, 2025 Declared Dividend • Dec 03
First half dividend of JP¥56.00 announced Shareholders will receive a dividend of JP¥56.00. Ex-date: 28th March 2025 Payment date: 30th June 2025 Dividend yield will be 1.8%, which is lower than the industry average of 2.0%. Sustainability & Growth Dividend is well covered by both earnings (12% earnings payout ratio) and cash flows (32% cash payout ratio). The dividend has increased by an average of 13% 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. EPS is expected to grow by 16% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 09
Second quarter 2025 earnings released: EPS: JP¥89.95 (vs JP¥99.87 in 2Q 2024) Second quarter 2025 results: EPS: JP¥89.95 (down from JP¥99.87 in 2Q 2024). Revenue: JP¥63.4b (up 4.2% from 2Q 2024). Net income: JP¥5.91b (down 11% from 2Q 2024). Profit margin: 9.3% (down from 11% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Building industry in Japan. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 07
Nichias Corporation (TSE:5393) announces an Equity Buyback for 2,000,000 shares, representing 3.04% for ¥8,000 million. Nichias Corporation announces a share repurchase program. Under the program, the company will repurchase up to 2,000,000 shares, representing 3.04% of its issued share capital, for ¥8,000 million. The purpose of the program is to improve shareholder returns and capital efficiency. The program is valid till March 31, 2025. As of October 31, 2024, there are 65,713,270 outstanding shares (excluding treasury stock) and 2,098,647 treasury shares. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥52.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (2.5%). Announcement • Aug 27
Nichias Corporation to Report Q2, 2025 Results on Nov 07, 2024 Nichias Corporation announced that they will report Q2, 2025 results on Nov 07, 2024 New Risk • Aug 07
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 8.0% 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 (108% cash payout ratio). Share price has been volatile over the past 3 months (8.0% average weekly change). Reported Earnings • Aug 07
First quarter 2025 earnings released: EPS: JP¥130 (vs JP¥95.78 in 1Q 2024) First quarter 2025 results: EPS: JP¥130 (up from JP¥95.78 in 1Q 2024). Revenue: JP¥63.3b (up 6.9% from 1Q 2024). Net income: JP¥8.55b (up 35% from 1Q 2024). Profit margin: 14% (up from 11% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Building industry in Japan. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 22% per year. Declared Dividend • Jul 11
Final dividend of JP¥52.00 announced Shareholders will receive a dividend of JP¥52.00. Ex-date: 27th September 2024 Payment date: 2nd December 2024 Dividend yield will be 2.1%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is covered by earnings (39% earnings payout ratio) but not covered by cash flows (108% cash payout ratio). The dividend has increased by an average of 13% 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. EPS is expected to grow by 14% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Price Target Changed • Jun 06
Price target increased by 8.7% to JP¥4,567 Up from JP¥4,200, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of JP¥4,575. Stock is up 67% over the past year. The company is forecast to post earnings per share of JP¥406 for next year compared to JP¥407 last year. Announcement • Jun 02
Nichias Corporation to Report Q1, 2025 Results on Aug 05, 2024 Nichias Corporation announced that they will report Q1, 2025 results on Aug 05, 2024 Announcement • May 09
Nichias Corporation, Annual General Meeting, Jun 27, 2024 Nichias Corporation, Annual General Meeting, Jun 27, 2024. Reported Earnings • May 08
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: JP¥407 (up from JP¥323 in FY 2023). Revenue: JP¥249.4b (up 4.7% from FY 2023). Net income: JP¥27.0b (up 26% from FY 2023). Profit margin: 11% (up from 9.0% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.2%. Revenue is forecast to grow 2.0% p.a. on average during the next 2 years, compared to a 3.7% growth forecast for the Building 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 only increased by 14% per year, which means it is significantly lagging earnings growth. Announcement • Mar 28
Nichias Corporation to Report Fiscal Year 2024 Results on May 07, 2024 Nichias Corporation announced that they will report fiscal year 2024 results on May 07, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥50.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 39% and the cash payout ratio is 96%. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (2.1%). Announcement • Mar 19
Nichias Corporation (TSE:5393) announces an Equity Buyback for 700,000 shares, representing 1.06% for ¥2,786 million. Nichias Corporation (TSE:5393) announces a share repurchase program. Under the program, the company will repurchase 700,000 shares, representing 1.06% of the outstanding shares for ¥2,786 million. The shares will be repurchased at ¥3,980 per share. The purpose of the program is to improve shareholder returns and capital efficiency. As of September 30, 2023, the company had 66,345,253 shares outstanding and 1,466,664 shares in treasury. Price Target Changed • Mar 05
Price target increased by 17% to JP¥4,100 Up from JP¥3,500, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of JP¥3,965. Stock is up 44% over the past year. The company is forecast to post earnings per share of JP¥383 for next year compared to JP¥323 last year. Reported Earnings • Feb 10
Third quarter 2024 earnings released: EPS: JP¥101 (vs JP¥91.78 in 3Q 2023) Third quarter 2024 results: EPS: JP¥101 (up from JP¥91.78 in 3Q 2023). Revenue: JP¥65.1b (up 3.6% from 3Q 2023). Net income: JP¥6.70b (up 10% from 3Q 2023). Profit margin: 10% (in line with 3Q 2023). Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Building industry in Japan. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Price Target Changed • Dec 21
Price target increased by 8.8% to JP¥3,500 Up from JP¥3,217, the current price target is an average from 3 analysts. New target price is 8.5% above last closing price of JP¥3,225. Stock is up 38% over the past year. The company is forecast to post earnings per share of JP¥368 for next year compared to JP¥323 last year. Announcement • Nov 27
Nichias Corporation to Report Q3, 2024 Results on Feb 08, 2024 Nichias Corporation announced that they will report Q3, 2024 results on Feb 08, 2024 
