Upcoming Dividend • May 21
Upcoming dividend of JP¥27.00 per share Eligible shareholders must have bought the stock before 28 May 2026. Payment date: 10 August 2026. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.2%). Reported Earnings • Apr 11
First quarter 2026 earnings released: EPS: JP¥67.26 (vs JP¥53.55 in 1Q 2025) First quarter 2026 results: EPS: JP¥67.26 (up from JP¥53.55 in 1Q 2025). Revenue: JP¥16.2b (up 5.8% from 1Q 2025). Net income: JP¥1.73b (up 23% from 1Q 2025). Profit margin: 11% (up from 9.2% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 03
Hokko Chemical Industry Co., Ltd. to Report Q1, 2026 Results on Apr 10, 2026 Hokko Chemical Industry Co., Ltd. announced that they will report Q1, 2026 results on Apr 10, 2026 Reported Earnings • Jan 14
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: JP¥170 (up from JP¥148 in FY 2024). Revenue: JP¥49.1b (up 6.3% from FY 2024). Net income: JP¥4.45b (up 11% from FY 2024). Profit margin: 9.1% (up from 8.7% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.2%. Earnings per share (EPS) also surpassed analyst estimates by 8.8%. Revenue is forecast to grow 2.1% p.a. on average during the next 2 years, compared to a 4.4% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 13
Hokko Chemical Industry Co., Ltd., Annual General Meeting, Feb 26, 2026 Hokko Chemical Industry Co., Ltd., Annual General Meeting, Feb 26, 2026. Upcoming Dividend • Nov 20
Upcoming dividend of JP¥26.00 per share Eligible shareholders must have bought the stock before 27 November 2025. Payment date: 27 February 2026. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (2.7%). Announcement • Nov 12
Hokko Chemical Industry Co., Ltd. to Report Fiscal Year 2025 Results on Jan 13, 2026 Hokko Chemical Industry Co., Ltd. announced that they will report fiscal year 2025 results on Jan 13, 2026 Reported Earnings • Oct 11
Third quarter 2025 earnings released: EPS: JP¥50.61 (vs JP¥38.07 in 3Q 2024) Third quarter 2025 results: EPS: JP¥50.61 (up from JP¥38.07 in 3Q 2024). Revenue: JP¥10.9b (up 5.7% from 3Q 2024). Net income: JP¥1.33b (up 29% from 3Q 2024). Profit margin: 12% (up from 10.0% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Chemicals 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 increased by 22% per year, which means it is well ahead of earnings. Announcement • Aug 08
Hokko Chemical Industry Co., Ltd. to Report Q3, 2025 Results on Oct 10, 2025 Hokko Chemical Industry Co., Ltd. announced that they will report Q3, 2025 results on Oct 10, 2025 Reported Earnings • Jul 14
Second quarter 2025 earnings released: EPS: JP¥52.63 (vs JP¥50.18 in 2Q 2024) Second quarter 2025 results: EPS: JP¥52.63 (up from JP¥50.18 in 2Q 2024). Revenue: JP¥15.3b (up 5.4% from 2Q 2024). Net income: JP¥1.39b (up 1.9% from 2Q 2024). Profit margin: 9.0% (down from 9.4% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Announcement • Jul 11
Hokko Chemical Industry Co., Ltd. (TSE:4992) announces an Equity Buyback for 700,000 shares, representing 2.66% for ¥800 million. Hokko Chemical Industry Co., Ltd. (TSE:4992) announces a share repurchase program. Under the program, the company will repurchase up to 700,000 shares, representing 2.66% of its outstanding share capital for ¥800 million. The company will repurchase its shares in order to improve capital efficiency and enhance shareholder returns. The program will expire on July 13, 2026. As of June 30, 2025, the company had 26,317,637 shares outstanding and 2,167,894 shares in treasury. Upcoming Dividend • May 22
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 29 May 2025. Payment date: 12 August 2025. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (4.0%). In line with average of industry peers (2.9%). Announcement • May 10
Hokko Chemical Industry Co., Ltd. to Report Q2, 2025 Results on Jul 11, 2025 Hokko Chemical Industry Co., Ltd. announced that they will report Q2, 2025 results on Jul 11, 2025 Reported Earnings • Apr 12
First quarter 2025 earnings released: EPS: JP¥53.55 (vs JP¥48.67 in 1Q 2024) First quarter 2025 results: EPS: JP¥53.55 (up from JP¥48.67 in 1Q 2024). Revenue: JP¥15.4b (up 6.6% from 1Q 2024). Net income: JP¥1.42b (up 7.4% from 1Q 2024). Profit margin: 9.2% (up from 9.1% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 4% per year. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to JP¥1,012, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 10x in the Chemicals industry in Japan. Total returns to shareholders of 20% over the past three years. Reported Earnings • Mar 04
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: JP¥148 (up from JP¥138 in FY 2023). Revenue: JP¥46.2b (up 2.1% from FY 2023). Net income: JP¥4.01b (up 7.6% from FY 2023). Profit margin: 8.7% (up from 8.2% 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 8.5%. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 07
Hokko Chemical Industry Co., Ltd. to Report Q1, 2025 Results on Apr 11, 2025 Hokko Chemical Industry Co., Ltd. announced that they will report Q1, 2025 results on Apr 11, 2025 Reported Earnings • Jan 15
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: JP¥148 (up from JP¥138 in FY 2023). Revenue: JP¥46.2b (up 2.1% from FY 2023). Net income: JP¥4.01b (up 7.6% from FY 2023). Profit margin: 8.7% (up from 8.2% 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 8.5%. Revenue is forecast to grow 4.1% p.a. on average during the next 2 years, compared to a 4.9% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 14
Hokko Chemical Industry Co., Ltd., Annual General Meeting, Feb 26, 2025 Hokko Chemical Industry Co., Ltd., Annual General Meeting, Feb 26, 2025. Upcoming Dividend • Nov 21
Upcoming dividend of JP¥16.00 per share Eligible shareholders must have bought the stock before 28 November 2024. Payment date: 26 February 2025. Payout ratio is a comfortable 17% and the cash payout ratio is 97%. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.8%). In line with average of industry peers (2.5%). Announcement • Nov 09
Hokko Chemical Industry Co., Ltd. to Report Fiscal Year 2024 Results on Jan 14, 2025 Hokko Chemical Industry Co., Ltd. announced that they will report fiscal year 2024 results on Jan 14, 2025 Reported Earnings • Oct 09
Third quarter 2024 earnings released: EPS: JP¥38.07 (vs JP¥39.47 in 3Q 2023) Third quarter 2024 results: EPS: JP¥38.07 (down from JP¥39.47 in 3Q 2023). Revenue: JP¥10.3b (up 5.1% from 3Q 2023). Net income: JP¥1.03b (down 3.6% from 3Q 2023). Profit margin: 10.0% (in line with 3Q 2023). Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 8% per year. Announcement • Oct 08
Hokko Chemical Industry Co., Ltd. (TSE:4992) announces an Equity Buyback for 1,000,000 shares, representing 3.69% for ¥1,000 million. Hokko Chemical Industry Co., Ltd. (TSE:4992) announces a share repurchase program. Under the program, the company will repurchase up to 1,000,000 shares, representing 3.69% of its outstanding share capital for ¥1,000 million. The company will repurchase its shares in order to improve capital efficiency and enhance shareholder returns. The program will expire on October 7, 2025. As of September 30, 2024, the company had 27,080,851 shares outstanding and 2,904,680 shares in treasury. Announcement • Aug 21
Hokko Chemical Industry Co., Ltd. to Report Q3, 2024 Results on Oct 07, 2024 Hokko Chemical Industry Co., Ltd. announced that they will report Q3, 2024 results on Oct 07, 2024 Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 29% After last week's 29% share price decline to JP¥1,201, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 12x in the Chemicals industry in Japan. Total returns to shareholders of 23% over the past three years. New Risk • Aug 02
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 7.7% 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 Risk Share price has been highly volatile over the past 3 months (7.7% average weekly change). Minor Risk Dividend is not well covered by cash flows (97% cash payout ratio). Reported Earnings • Jul 07
Second quarter 2024 earnings released: EPS: JP¥50.18 (vs JP¥31.87 in 2Q 2023) Second quarter 2024 results: EPS: JP¥50.18 (up from JP¥31.87 in 2Q 2023). Revenue: JP¥14.5b (up 2.9% from 2Q 2023). Net income: JP¥1.36b (up 57% from 2Q 2023). Profit margin: 9.4% (up from 6.1% in 2Q 2023). Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Chemicals 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 increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Jul 07
Now 22% undervalued Over the last 90 days, the stock has risen 16% to JP¥1,490. The fair value is estimated to be JP¥1,901, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.1% over the last 3 years. Earnings per share has grown by 12%. Revenue is forecast to grow by 6.5% in 2 years. Earnings are forecast to grow by 19% in the next 2 years. Buy Or Sell Opportunity • Jun 17
Now 21% undervalued Over the last 90 days, the stock has risen 28% to JP¥1,498. The fair value is estimated to be JP¥1,906, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.1% over the last 3 years. Earnings per share has grown by 18%. Revenue is forecast to grow by 6.3% in 2 years. Earnings are forecast to grow by 30% in the next 2 years. Buy Or Sell Opportunity • May 29
Now 20% undervalued Over the last 90 days, the stock has risen 28% to JP¥1,513. The fair value is estimated to be JP¥1,898, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.1% over the last 3 years. Earnings per share has grown by 18%. Revenue is forecast to grow by 6.3% in 2 years. Earnings are forecast to grow by 30% in the next 2 years. Upcoming Dividend • May 23
Upcoming dividend of JP¥16.00 per share Eligible shareholders must have bought the stock before 30 May 2024. Payment date: 13 August 2024. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (2.3%). Announcement • May 13
Hokko Chemical Industry Co., Ltd. to Report Q2, 2024 Results on Jul 05, 2024 Hokko Chemical Industry Co., Ltd. announced that they will report Q2, 2024 results on Jul 05, 2024 Buy Or Sell Opportunity • Apr 25
Now 21% undervalued Over the last 90 days, the stock has risen 46% to JP¥1,517. The fair value is estimated to be JP¥1,911, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.1% over the last 3 years. Earnings per share has grown by 18%. Revenue is forecast to grow by 5.8% in 2 years. Earnings are forecast to grow by 29% in the next 2 years. Reported Earnings • Apr 09
First quarter 2024 earnings released: EPS: JP¥48.67 (vs JP¥62.48 in 1Q 2023) First quarter 2024 results: EPS: JP¥48.67 (down from JP¥62.48 in 1Q 2023). Revenue: JP¥14.4b (up 1.5% from 1Q 2023). Net income: JP¥1.32b (down 22% from 1Q 2023). Profit margin: 9.1% (down from 12% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Board Change • Feb 27
High number of new directors Managing Executive Officer & Director Takayuki Torii was the last director to join the board, commencing their role in 2023. Announcement • Feb 21
Hokko Chemical Industry Co., Ltd. to Report Q1, 2024 Results on Apr 08, 2024 Hokko Chemical Industry Co., Ltd. announced that they will report Q1, 2024 results on Apr 08, 2024 Reported Earnings • Jan 14
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: JP¥138 (down from JP¥156 in FY 2022). Revenue: JP¥45.2b (flat on FY 2022). Net income: JP¥3.72b (down 12% from FY 2022). Profit margin: 8.2% (down from 9.4% in FY 2022). Revenue missed analyst estimates by 5.8%. Earnings per share (EPS) also missed analyst estimates by 9.2%. Revenue is forecast to grow 8.7% p.a. on average during the next 2 years, compared to a 5.2% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Jan 14
Hokko Chemical Industry Co., Ltd., Annual General Meeting, Feb 22, 2024 Hokko Chemical Industry Co., Ltd., Annual General Meeting, Feb 22, 2024. Valuation Update With 7 Day Price Move • Dec 26
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥1,102, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 12x in the Chemicals industry in Japan. Negligible returns to shareholders over past three years. Upcoming Dividend • Nov 22
Upcoming dividend of JP¥12.00 per share at 2.6% yield Eligible shareholders must have bought the stock before 29 November 2023. Payment date: 26 February 2024. Payout ratio is a comfortable 7.4% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.4%). In line with average of industry peers (2.4%). Announcement • Nov 11
Hokko Chemical Industry Co., Ltd. to Report Fiscal Year 2023 Results on Jan 12, 2024 Hokko Chemical Industry Co., Ltd. announced that they will report fiscal year 2023 results on Jan 12, 2024 Reported Earnings • Oct 07
Third quarter 2023 earnings released: EPS: JP¥39.47 (vs JP¥42.39 in 3Q 2022) Third quarter 2023 results: EPS: JP¥39.47 (down from JP¥42.39 in 3Q 2022). Revenue: JP¥9.83b (down 7.3% from 3Q 2022). Net income: JP¥1.07b (down 6.9% from 3Q 2022). Profit margin: 11% (in line with 3Q 2022). Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Chemicals industry in Japan. 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 6% per year, which means it is significantly lagging earnings growth. Announcement • Aug 12
Hokko Chemical Industry Co., Ltd. to Report Q3, 2023 Results on Oct 06, 2023 Hokko Chemical Industry Co., Ltd. announced that they will report Q3, 2023 results on Oct 06, 2023 Valuation Update With 7 Day Price Move • Jul 14
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥849, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 12x in the Chemicals industry in Japan. Total returns to shareholders of 50% over the past three years. Reported Earnings • Jul 08
Second quarter 2023 earnings released: EPS: JP¥31.87 (vs JP¥47.49 in 2Q 2022) Second quarter 2023 results: EPS: JP¥31.87 (down from JP¥47.49 in 2Q 2022). Revenue: JP¥14.1b (up 5.5% from 2Q 2022). Net income: JP¥863.0m (down 33% from 2Q 2022). Profit margin: 6.1% (down from 9.6% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 22% per year. Upcoming Dividend • May 23
Upcoming dividend of JP¥12.00 per share at 2.6% yield Eligible shareholders must have bought the stock before 30 May 2023. Payment date: 10 August 2023. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.5%). In line with average of industry peers (2.6%). Announcement • May 10
Hokko Chemical Industry Co., Ltd. to Report Q2, 2023 Results on Jul 07, 2023 Hokko Chemical Industry Co., Ltd. announced that they will report Q2, 2023 results on Jul 07, 2023 Reported Earnings • Apr 12
First quarter 2023 earnings released: EPS: JP¥62.48 (vs JP¥51.14 in 1Q 2022) First quarter 2023 results: EPS: JP¥62.48 (up from JP¥51.14 in 1Q 2022). Revenue: JP¥14.2b (up 6.1% from 1Q 2022). Net income: JP¥1.69b (up 22% from 1Q 2022). Profit margin: 12% (up from 10% in 1Q 2022). 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 3.8% growth forecast for the Chemicals industry in Japan. 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 18% per year, which means it is significantly lagging earnings growth. Board Change • Mar 03
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Outside Director Kiyoshi Takayama 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 • Feb 05
Hokko Chemical Industry Co., Ltd. to Report Q1, 2023 Results on Apr 10, 2023 Hokko Chemical Industry Co., Ltd. announced that they will report Q1, 2023 results on Apr 10, 2023 Announcement • Jan 15
Hokko Chemical Industry Co., Ltd., Annual General Meeting, Feb 22, 2023 Hokko Chemical Industry Co., Ltd., Annual General Meeting, Feb 22, 2023. Reported Earnings • Jan 14
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: JP¥156 (up from JP¥108 in FY 2021). Revenue: JP¥44.9b (up 11% from FY 2021). Net income: JP¥4.21b (up 44% from FY 2021). Profit margin: 9.4% (up from 7.3% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.3%. Revenue is forecast to grow 7.2% p.a. on average during the next 2 years, compared to a 4.4% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Nov 22
Upcoming dividend of JP¥11.00 per share Eligible shareholders must have bought the stock before 29 November 2022. Payment date: 28 February 2023. Payout ratio is a comfortable 13% but the company is not cash flow positive. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (2.8%). Board Change • Nov 16
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, 3 were independent directors. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Outside Director Kiyoshi Takayama was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Announcement • Nov 12
Hokko Chemical Industry Co., Ltd. to Report Fiscal Year 2022 Results on Jan 13, 2023 Hokko Chemical Industry Co., Ltd. announced that they will report fiscal year 2022 results on Jan 13, 2023 Reported Earnings • Oct 13
Third quarter 2022 earnings released: EPS: JP¥42.39 (vs JP¥27.81 in 3Q 2021) Third quarter 2022 results: EPS: JP¥42.39 (up from JP¥27.81 in 3Q 2021). Revenue: JP¥10.6b (up 12% from 3Q 2021). Net income: JP¥1.15b (up 53% from 3Q 2021). Profit margin: 11% (up from 7.9% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Chemicals 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 19% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 04
Hokko Chemical Industry Co., Ltd. to Report Q3, 2022 Results on Oct 11, 2022 Hokko Chemical Industry Co., Ltd. announced that they will report Q3, 2022 results on Oct 11, 2022 Reported Earnings • Jul 10
Second quarter 2022 earnings released: EPS: JP¥47.49 (vs JP¥30.43 in 2Q 2021) Second quarter 2022 results: EPS: JP¥47.49 (up from JP¥30.43 in 2Q 2021). Revenue: JP¥13.4b (up 9.8% from 2Q 2021). Net income: JP¥1.29b (up 56% from 2Q 2021). Profit margin: 9.6% (up from 6.8% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to stay flat compared to a 11% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jun 07
Investor sentiment improved over the past week After last week's 16% share price gain to JP¥1,169, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 10x in the Chemicals industry in Japan. Total returns to shareholders of 151% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥818 per share. Upcoming Dividend • May 23
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 30 May 2022. Payment date: 10 August 2022. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (2.8%). Announcement • May 04
Hokko Chemical Industry Co., Ltd. to Report Q2, 2022 Results on Jul 08, 2022 Hokko Chemical Industry Co., Ltd. announced that they will report Q2, 2022 results on Jul 08, 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, 3 were independent directors. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Outside Director Kiyoshi Takayama was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Apr 12
First quarter 2022 earnings: EPS and revenues exceed analyst expectations First quarter 2022 results: EPS: JP¥51.14 (up from JP¥31.68 in 1Q 2021). Revenue: JP¥13.4b (up 16% from 1Q 2021). Net income: JP¥1.39b (up 61% from 1Q 2021). Profit margin: 10% (up from 7.4% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.7%. Earnings per share (EPS) also surpassed analyst estimates by 4.5%. Over the next year, revenue is forecast to stay flat compared to a 8.9% growth forecast for the 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 increased by 24% per year, which means it is well ahead of earnings. Reported Earnings • Mar 03
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: EPS: JP¥108 (up from JP¥88.62 in FY 2020). Revenue: JP¥40.3b (up 1.6% from FY 2020). Net income: JP¥2.93b (up 22% from FY 2020). Profit margin: 7.3% (up from 6.1% in FY 2020). Revenue missed analyst estimates by 2.7%. Earnings per share (EPS) exceeded analyst estimates by 4.5%. Over the next year, revenue is forecast to grow 4.3%, compared to a 7.6% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Announcement • Feb 04
Hokko Chemical Industry Co., Ltd. to Report Q1, 2022 Results on Apr 11, 2022 Hokko Chemical Industry Co., Ltd. announced that they will report Q1, 2022 results on Apr 11, 2022 Reported Earnings • Jan 16
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: EPS: JP¥108 (up from JP¥88.62 in FY 2020). Revenue: JP¥40.3b (up 1.6% from FY 2020). Net income: JP¥2.93b (up 22% from FY 2020). Profit margin: 7.3% (up from 6.1% in FY 2020). Revenue missed analyst estimates by 2.7%. Earnings per share (EPS) exceeded analyst estimates by 4.5%. Earnings per share (EPS) surpassed analyst estimates by 4.5%. Over the next year, revenue is forecast to grow 6.5%, compared to a 8.3% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Upcoming Dividend • Nov 22
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 29 November 2021. Payment date: 26 February 2022. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.2%). In line with average of industry peers (2.1%). Reported Earnings • Oct 08
Third quarter 2021 earnings released: EPS JP¥27.81 (vs JP¥12.19 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥9.48b (up 20% from 3Q 2020). Net income: JP¥753.0m (up 128% from 3Q 2020). Profit margin: 7.9% (up from 4.2% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Sep 10
Investor sentiment improved over the past week After last week's 15% share price gain to JP¥1,188, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Chemicals industry in Japan. Total returns to shareholders of 132% over the past three years. Valuation Update With 7 Day Price Move • Jul 16
Investor sentiment improved over the past week After last week's 17% share price gain to JP¥1,081, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Chemicals industry in Japan. Total returns to shareholders of 112% over the past three years. Reported Earnings • Jul 13
Second quarter 2021 earnings released: EPS JP¥30.43 (vs JP¥24.70 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥12.2b (up 6.8% from 2Q 2020). Net income: JP¥824.0m (up 23% from 2Q 2020). Profit margin: 6.8% (up from 5.9% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • May 21
Upcoming dividend of JP¥9.00 per share Eligible shareholders must have bought the stock before 28 May 2021. Payment date: 11 August 2021. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.0%). In line with average of industry peers (2.0%). Valuation Update With 7 Day Price Move • Apr 15
Investor sentiment deteriorated over the past week After last week's 17% share price decline to JP¥1,070, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 14x in the Chemicals industry in Japan. Total returns to shareholders of 64% over the past three years. Reported Earnings • Apr 10
First quarter 2021 earnings released: EPS JP¥31.68 (vs JP¥47.89 in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: JP¥11.6b (down 10% from 1Q 2020). Net income: JP¥858.0m (down 34% from 1Q 2020). Profit margin: 7.4% (down from 10% in 1Q 2020). The decrease in margin was driven by lower revenue. 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. Reported Earnings • Mar 03
Full year 2020 earnings released: EPS JP¥88.62 (vs JP¥104 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥39.6b (down 5.6% from FY 2019). Net income: JP¥2.40b (down 15% from FY 2019). Profit margin: 6.1% (down from 6.7% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 12% per year. Is New 90 Day High Low • Feb 20
New 90-day low: JP¥1,047 The company is down 1.0% from its price of JP¥1,062 on 20 November 2020. The Japanese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 7.0% over the same period. Announcement • Feb 17
Hokko Chemical Industry Co., Ltd. to Report Q1, 2021 Results on Apr 08, 2021 Hokko Chemical Industry Co., Ltd. announced that they will report Q1, 2021 results on Apr 08, 2021 Announcement • Jan 16
Hokko Chemical Industry Co., Ltd., Annual General Meeting, Feb 25, 2021 Hokko Chemical Industry Co., Ltd., Annual General Meeting, Feb 25, 2021. Reported Earnings • Jan 15
Full year 2020 earnings released: EPS JP¥88.62 The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥39.6b (down 5.6% from FY 2019). Net income: JP¥2.40b (down 15% from FY 2019). Profit margin: 6.1% (down from 6.7% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 15% per year. Is New 90 Day High Low • Jan 08
New 90-day high: JP¥1,213 The company is up 60% from its price of JP¥757 on 09 October 2020. The Japanese market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 15% over the same period. Is New 90 Day High Low • Dec 01
New 90-day high: JP¥1,175 The company is up 77% from its price of JP¥664 on 02 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 17% over the same period. Announcement • Nov 15
Hokko Chemical Industry Co., Ltd. to Report Fiscal Year 2020 Results on Jan 14, 2021 Hokko Chemical Industry Co., Ltd. announced that they will report fiscal year 2020 results on Jan 14, 2021 Announcement • Aug 10
Hokko Chemical Industry Co., Ltd. to Report Q3, 2020 Results on Oct 08, 2020 Hokko Chemical Industry Co., Ltd. announced that they will report Q3, 2020 results on Oct 08, 2020