Upcoming Dividend • May 21
Upcoming dividend of JP¥75.00 per share Eligible shareholders must have bought the stock before 28 May 2026. Payment date: 28 August 2026. Payout ratio is a comfortable 23% and the cash payout ratio is 76%. Trailing yield: 3.4%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.1%). Announcement • May 10
Toyo Denki Seizo K.K. to Report Fiscal Year 2026 Results on Jul 15, 2026 Toyo Denki Seizo K.K. announced that they will report fiscal year 2026 results on Jul 15, 2026 Reported Earnings • Apr 14
Third quarter 2026 earnings released: EPS: JP¥109 (vs JP¥50.41 in 3Q 2025) Third quarter 2026 results: EPS: JP¥109 (up from JP¥50.41 in 3Q 2025). Revenue: JP¥10.8b (up 7.6% from 3Q 2025). Net income: JP¥986.0m (up 113% from 3Q 2025). Profit margin: 9.1% (up from 4.6% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Electrical industry in Japan. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth. Announcement • Apr 03
Toyo Denki Seizo K.K. to Report Q3, 2026 Results on Apr 13, 2026 Toyo Denki Seizo K.K. announced that they will report Q3, 2026 results on Apr 13, 2026 Declared Dividend • Jan 15
Dividend of JP¥75.00 announced Shareholders will receive a dividend of JP¥75.00. Ex-date: 28th May 2026 Payment date: 28th August 2026 Dividend yield will be 3.7%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is covered by both earnings (29% earnings payout ratio) and cash flows (76% cash payout ratio). The dividend has increased by an average of 9.6% 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. Reported Earnings • Jan 14
Second quarter 2026 earnings released: EPS: JP¥44.31 (vs JP¥75.99 in 2Q 2025) Second quarter 2026 results: EPS: JP¥44.31 (down from JP¥75.99 in 2Q 2025). Revenue: JP¥9.77b (down 9.9% from 2Q 2025). Net income: JP¥400.0m (down 43% from 2Q 2025). Profit margin: 4.1% (down from 6.5% in 2Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Electrical industry in Japan. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Announcement • Nov 20
Toyo Denki Seizo K.K. to Report Q2, 2026 Results on Jan 13, 2026 Toyo Denki Seizo K.K. announced that they will report Q2, 2026 results on Jan 13, 2026 Reported Earnings • Oct 16
First quarter 2026 earnings released: EPS: JP¥51.44 (vs JP¥43.10 in 1Q 2025) First quarter 2026 results: EPS: JP¥51.44 (up from JP¥43.10 in 1Q 2025). Revenue: JP¥8.41b (down 12% from 1Q 2025). Net income: JP¥465.0m (up 16% from 1Q 2025). Profit margin: 5.5% (up from 4.2% in 1Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Electrical industry in Japan. Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Announcement • Oct 08
Toyo Denki Seizo K.K. to Report Q1, 2026 Results on Oct 15, 2025 Toyo Denki Seizo K.K. announced that they will report Q1, 2026 results on Oct 15, 2025 New Risk • Jul 15
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 12% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 12% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (JP¥14.6b market cap, or US$98.6m). Reported Earnings • Jul 15
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: JP¥231 (up from JP¥99.48 in FY 2024). Revenue: JP¥40.5b (up 26% from FY 2024). Net income: JP¥2.13b (up 128% from FY 2024). Profit margin: 5.2% (up from 2.9% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.9%. Earnings per share (EPS) also surpassed analyst estimates by 54%. Revenue is forecast to grow 1.8% p.a. on average during the next 2 years, compared to a 3.7% growth forecast for the Electrical industry in Japan. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Announcement • Jul 14
Toyo Denki Seizo K.K., Annual General Meeting, Aug 27, 2025 Toyo Denki Seizo K.K., Annual General Meeting, Aug 27, 2025. Upcoming Dividend • May 22
Upcoming dividend of JP¥44.00 per share Eligible shareholders must have bought the stock before 29 May 2025. Payment date: 29 August 2025. Payout ratio is a comfortable 16% but the company is not cash flow positive. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (4.0%). Higher than average of industry peers (2.1%). Announcement • May 01
Toyo Denki Seizo K.K. to Report Fiscal Year 2025 Results on Jul 14, 2025 Toyo Denki Seizo K.K. announced that they will report fiscal year 2025 results on Jul 14, 2025 Reported Earnings • Apr 12
Third quarter 2025 earnings released: EPS: JP¥50.41 (vs JP¥13.63 in 3Q 2024) Third quarter 2025 results: EPS: JP¥50.41 (up from JP¥13.63 in 3Q 2024). Revenue: JP¥10.0b (up 35% from 3Q 2024). Net income: JP¥462.0m (up 261% from 3Q 2024). Profit margin: 4.6% (up from 1.7% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to JP¥1,101, the stock trades at a trailing P/E ratio of 7.1x. Average trailing P/E is 10x in the Electrical industry in Japan. Total returns to shareholders of 26% over the past three years. Announcement • Feb 04
Toyo Denki Seizo K.K. to Report Q3, 2025 Results on Apr 11, 2025 Toyo Denki Seizo K.K. announced that they will report Q3, 2025 results on Apr 11, 2025 New Risk • Jan 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.0% 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: Major Risk Earnings have declined by 7.4% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.0% average weekly change). Market cap is less than US$100m (JP¥12.3b market cap, or US$78.9m). Declared Dividend • Jan 16
Dividend of JP¥40.00 announced Shareholders will receive a dividend of JP¥40.00. Ex-date: 29th May 2025 Payment date: 29th August 2025 Dividend yield will be 3.0%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is covered by earnings (20% 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 2.9% 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 6.2% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Jan 15
Second quarter 2025 earnings released: EPS: JP¥75.98 (vs JP¥18.02 in 2Q 2024) Second quarter 2025 results: EPS: JP¥75.98 (up from JP¥18.02 in 2Q 2024). Revenue: JP¥10.8b (up 33% from 2Q 2024). Net income: JP¥703.0m (up 314% from 2Q 2024). Profit margin: 6.5% (up from 2.1% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Announcement • Jan 14
Toyo Denki Seizo K.K. (TSE:6505) announces an Equity Buyback for 300,000 shares, representing 3.26% for ¥300 million. Toyo Denki Seizo K.K. (TSE:6505) announces a share repurchase program. Under the program, the company will repurchase up to 300,000 shares, representing 3.26% of its issued share capital, for ¥300 million. The purpose of the program is to enhance shareholder returns and improve capital efficiency. The program will be valid till December 30, 2025. As of November 30, 2024, the company has 9,188,694 issued shares (excluding treasury stock) and 546,306 treasury shares. Announcement • Nov 14
Toyo Denki Seizo K.K. Provides Year End Dividend Guidance for the Fiscal Year Ending May 31, 2025 Toyo Denki Seizo K.K. provided year end dividend guidance for the fiscal year ending May 31, 2025. For the period, the company expected year end dividend of JPY 40 per share compared to JPY 30 per share a year ago. Announcement • Oct 29
Toyo Denki Seizo K.K. to Report Q2, 2025 Results on Jan 14, 2025 Toyo Denki Seizo K.K. announced that they will report Q2, 2025 results on Jan 14, 2025 Reported Earnings • Oct 18
First quarter 2025 earnings released: EPS: JP¥10.42 (vs JP¥15.69 in 1Q 2024) First quarter 2025 results: EPS: JP¥10.42 (down from JP¥15.69 in 1Q 2024). Revenue: JP¥8.17b (up 23% from 1Q 2024). Net income: JP¥97.0m (down 35% from 1Q 2024). Profit margin: 1.2% (down from 2.2% in 1Q 2024). The decrease in margin was driven by higher expenses. 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 1% per year, which means it is significantly lagging earnings growth. New Risk • Sep 17
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risks Share price has been volatile over the past 3 months (9.1% average weekly change). Market cap is less than US$100m (JP¥9.99b market cap, or US$71.0m). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 28% After last week's 28% share price decline to JP¥894, the stock trades at a trailing P/E ratio of 8.9x. Average trailing P/E is 11x in the Electrical industry in Japan. Total loss to shareholders of 14% over the past three years. Buy Or Sell Opportunity • Aug 05
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 21% to JP¥894. The fair value is estimated to be JP¥1,166, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 11%. New Risk • Aug 02
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 17% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (5.7% average weekly change). Market cap is less than US$100m (JP¥10.0b market cap, or US$67.5m). Announcement • Jul 31
Toyo Denki Seizo K.K. to Report Q1, 2025 Results on Oct 15, 2024 Toyo Denki Seizo K.K. announced that they will report Q1, 2025 results on Oct 15, 2024 Reported Earnings • Jul 16
Full year 2024 earnings released: EPS: JP¥99.48 (vs JP¥91.79 in FY 2023) Full year 2024 results: EPS: JP¥99.48 (up from JP¥91.79 in FY 2023). Revenue: JP¥32.1b (up 3.6% from FY 2023). Net income: JP¥935.0m (up 14% from FY 2023). Profit margin: 2.9% (up from 2.7% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • Jul 13
Toyo Denki Seizo K.K., Annual General Meeting, Aug 28, 2024 Toyo Denki Seizo K.K., Annual General Meeting, Aug 28, 2024. Upcoming Dividend • May 23
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 30 May 2024. Payment date: 30 August 2024. The company is not currently making a profit but it is cash flow positive. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.7%). Announcement • May 03
Toyo Denki Seizo K.K. to Report Fiscal Year 2024 Results on Jul 12, 2024 Toyo Denki Seizo K.K. announced that they will report fiscal year 2024 results on Jul 12, 2024 Reported Earnings • Apr 12
Third quarter 2024 earnings released: EPS: JP¥13.63 (vs JP¥45.41 in 3Q 2023) Third quarter 2024 results: EPS: JP¥13.63 (down from JP¥45.41 in 3Q 2023). Revenue: JP¥7.41b (up 7.1% from 3Q 2023). Net income: JP¥128.0m (down 69% from 3Q 2023). Profit margin: 1.7% (down from 5.9% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 4% per year. Announcement • Jan 31
Toyo Denki Seizo K.K. to Report Q3, 2024 Results on Apr 11, 2024 Toyo Denki Seizo K.K. announced that they will report Q3, 2024 results on Apr 11, 2024 Reported Earnings • Jan 13
Second quarter 2024 earnings released: EPS: JP¥18.02 (vs JP¥19.02 loss in 2Q 2023) Second quarter 2024 results: EPS: JP¥18.02 (up from JP¥19.02 loss in 2Q 2023). Revenue: JP¥8.16b (up 8.6% from 2Q 2023). Net income: JP¥170.0m (up JP¥340.0m from 2Q 2023). Profit margin: 2.1% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Announcement • Jan 12
Toyo Denki Seizo K.K. (TSE:6505) announces an Equity Buyback for 300,000 shares, representing 3.18% for ¥300 million. Toyo Denki Seizo K.K. (TSE:6505) announces a share repurchase program. Under the program, the company will repurchase up to 300,000 shares, representing 3.18% of its issued share capital, for ¥300 million. The purpose of the program is to enhance shareholder returns and improve capital efficiency. The program will be valid till January 10, 2025. As of November 30, 2023, the company has 9,432,747 issued shares (excluding treasury stock) and 302,253 treasury shares. Announcement • Nov 02
Toyo Denki Seizo K.K. to Report Q2, 2024 Results on Jan 11, 2024 Toyo Denki Seizo K.K. announced that they will report Q2, 2024 results on Jan 11, 2024 Reported Earnings • Oct 16
First quarter 2024 earnings released: EPS: JP¥15.69 (vs JP¥21.92 in 1Q 2023) First quarter 2024 results: EPS: JP¥15.69 (down from JP¥21.92 in 1Q 2023). Revenue: JP¥6.66b (up 5.6% from 1Q 2023). Net income: JP¥148.0m (down 25% from 1Q 2023). Profit margin: 2.2% (down from 3.1% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Reported Earnings • Sep 05
Full year 2023 earnings released: EPS: JP¥91.79 (vs JP¥104 loss in FY 2022) Full year 2023 results: EPS: JP¥91.79 (up from JP¥104 loss in FY 2022). Revenue: JP¥31.0b (up 2.9% from FY 2022). Net income: JP¥824.0m (up JP¥1.75b from FY 2022). Profit margin: 2.7% (up from net loss in FY 2022). The move to profitability was primarily 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 68 percentage points per year, which is a significant difference in performance. Announcement • Jul 30
Toyo Denki Seizo K.K. to Report Q1, 2024 Results on Oct 13, 2023 Toyo Denki Seizo K.K. announced that they will report Q1, 2024 results on Oct 13, 2023 New Risk • Jul 18
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.5% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 30% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (5.5% increase in shares outstanding). Market cap is less than US$100m (JP¥8.81b market cap, or US$63.5m). Announcement • Jul 15
Toyo Denki Seizo K.K., Annual General Meeting, Aug 29, 2023 Toyo Denki Seizo K.K., Annual General Meeting, Aug 29, 2023. Reported Earnings • Jul 15
Full year 2023 earnings released: EPS: JP¥91.78 (vs JP¥104 loss in FY 2022) Full year 2023 results: EPS: JP¥91.78 (up from JP¥104 loss in FY 2022). Revenue: JP¥31.0b (up 2.9% from FY 2022). Net income: JP¥824.0m (up JP¥1.75b from FY 2022). Profit margin: 2.7% (up from net loss in FY 2022). The move to profitability was primarily 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 62 percentage points per year, which is a significant difference in performance. Announcement • Jun 02
Toyo Denki Seizo K.K. announced that it has received ¥464.877 million in funding from East Japan Railway Company On May 31, 2023, Toyo Denki Seizo K.K closed the transaction. Upcoming Dividend • May 23
Upcoming dividend of JP¥30.00 per share at 3.0% yield Eligible shareholders must have bought the stock before 30 May 2023. Payment date: 28 August 2023. The company is not currently making a profit but it is cash flow positive. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.9%). Announcement • May 11
Toyo Denki Seizo K.K. to Report Fiscal Year 2023 Results on Jul 13, 2023 Toyo Denki Seizo K.K. announced that they will report fiscal year 2023 results on Jul 13, 2023 Reported Earnings • Apr 16
Third quarter 2023 earnings released: EPS: JP¥45.41 (vs JP¥11.97 in 3Q 2022) Third quarter 2023 results: EPS: JP¥45.41 (up from JP¥11.97 in 3Q 2022). Revenue: JP¥6.92b (flat on 3Q 2022). Net income: JP¥406.0m (up 279% from 3Q 2022). Profit margin: 5.9% (up from 1.5% in 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance. Announcement • Feb 15
Toyo Denki Seizo K.K. Provides Consolidated Earnings Guidance for the Year Ending March 31, 2023 Toyo Denki Seizo K.K. provided consolidated earnings guidance for the year ending March 31, 2023. For the year ending March 31, 2023, the company expects net sales of JPY 34,000 million, operating profit of JPY 450 million and profit attributable to owners of parent of JPY 800 million or JPY 89.48 per basic share. Announcement • Feb 14
Toyo Denki Seizo K.K. Provides Year End Dividend Guidance for the Year Ending March 31, 2023 Toyo Denki Seizo K.K. provided year end dividend guidance for the year ending March 31, 2023. The company expects to pay year end dividend of JPY 30.00 per share for the year ending March 31, 2023 compared to JPY 30.00 per share paid a year ago. Announcement • Feb 02
Toyo Denki Seizo K.K. to Report Q3, 2023 Results on Apr 14, 2023 Toyo Denki Seizo K.K. announced that they will report Q3, 2023 results on Apr 14, 2023 Reported Earnings • Jan 13
Second quarter 2023 earnings released: JP¥19.02 loss per share (vs JP¥8.05 profit in 2Q 2022) Second quarter 2023 results: JP¥19.02 loss per share (down from JP¥8.05 profit in 2Q 2022). Revenue: JP¥7.52b (down 6.6% from 2Q 2022). Net loss: JP¥170.0m (down 336% from profit in 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance. 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, 2 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Outside Director Taizou Makari 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 02
Toyo Denki Seizo K.K. to Report Q2, 2023 Results on Jan 12, 2023 Toyo Denki Seizo K.K. announced that they will report Q2, 2023 results on Jan 12, 2023 Reported Earnings • Oct 15
First quarter 2023 earnings released: EPS: JP¥21.92 (vs JP¥12.75 in 1Q 2022) First quarter 2023 results: EPS: JP¥21.92 (up from JP¥12.75 in 1Q 2022). Revenue: JP¥6.31b (down 6.6% from 1Q 2022). Net income: JP¥196.0m (up 72% from 1Q 2022). Profit margin: 3.1% (up from 1.7% in 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Announcement • Aug 03
Toyo Denki Seizo K.K. to Report Q1, 2023 Results on Oct 13, 2022 Toyo Denki Seizo K.K. announced that they will report Q1, 2023 results on Oct 13, 2022 Reported Earnings • Jul 17
Full year 2022 earnings released: JP¥104 loss per share (vs JP¥109 profit in FY 2021) Full year 2022 results: JP¥104 loss per share (down from JP¥109 profit in FY 2021). Revenue: JP¥30.2b (down 9.0% from FY 2021). Net loss: JP¥930.0m (down 195% from profit in FY 2021). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Announcement • Jul 16
Toyo Denki Seizo K.K., Annual General Meeting, Aug 25, 2022 Toyo Denki Seizo K.K., Annual General Meeting, Aug 25, 2022. Upcoming Dividend • May 23
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 30 May 2022. Payment date: 30 August 2022. Payout ratio is a comfortable 31% and the cash payout ratio is 84%. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.9%). Announcement • May 02
Toyo Denki Seizo K.K. to Report Fiscal Year 2022 Results on Jul 14, 2022 Toyo Denki Seizo K.K. announced that they will report fiscal year 2022 results on Jul 14, 2022 Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Outside Director Taizou Makari 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. Reported Earnings • Apr 15
Third quarter 2022 earnings: EPS exceeds analyst expectations Third quarter 2022 results: EPS: JP¥11.97 (up from JP¥3.92 loss in 3Q 2021). Revenue: JP¥6.94b (down 6.1% from 3Q 2021). Net income: JP¥107.0m (up JP¥142.0m from 3Q 2021). Profit margin: 1.5% (up from net loss in 3Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 40%. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 13% per year, which means it is performing significantly worse than earnings. Announcement • Feb 03
Toyo Denki Seizo K.K. to Report Q3, 2022 Results on Apr 14, 2022 Toyo Denki Seizo K.K. announced that they will report Q3, 2022 results on Apr 14, 2022 Reported Earnings • Jan 13
Second quarter 2022 earnings: EPS exceeds analyst expectations Second quarter 2022 results: EPS: JP¥8.05 (down from JP¥15.21 in 2Q 2021). Revenue: JP¥8.05b (down 9.3% from 2Q 2021). Net income: JP¥72.0m (down 47% from 2Q 2021). Profit margin: 0.9% (down from 1.5% in 2Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 40%. Earnings per share (EPS) surpassed analyst estimates by 40%. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Nov 25
Investor sentiment improved over the past week After last week's 15% share price gain to JP¥1,148, the stock trades at a trailing P/E ratio of 13.2x. Average trailing P/E is 12x in the Electrical industry in Japan. Total loss to shareholders of 20% over the past three years. Reported Earnings • Oct 14
First quarter 2022 earnings released: EPS JP¥12.75 (vs JP¥35.23 in 1Q 2021) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥6.75b (down 14% from 1Q 2021). Net income: JP¥114.0m (down 64% from 1Q 2021). Profit margin: 1.7% (down from 4.0% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Reported Earnings • Jul 18
Full year 2021 earnings released: EPS JP¥109 (vs JP¥121 in FY 2020) The company reported a soft full year result with weaker earnings and revenues, although profit margins were improved. Full year 2021 results: Revenue: JP¥33.1b (down 15% from FY 2020). Net income: JP¥977.0m (down 9.6% from FY 2020). Profit margin: 2.9% (up from 2.8% in FY 2020). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Upcoming Dividend • May 22
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 28 May 2021. Payment date: 27 August 2021. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (1.3%). Reported Earnings • Apr 15
Third quarter 2021 earnings released: JP¥3.91 loss per share (vs JP¥24.94 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: JP¥7.39b (down 20% from 3Q 2020). Net loss: JP¥35.0m (down 116% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Mar 09
New 90-day high: JP¥1,282 The company is up 10.0% from its price of JP¥1,170 on 09 December 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥976 per share. Is New 90 Day High Low • Feb 04
New 90-day high: JP¥1,229 The company is up 9.0% from its price of JP¥1,128 on 06 November 2020. The Japanese market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electrical industry, which is up 25% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥976 per share. Announcement • Jan 31
Toyo Denki Seizo K.K. to Report Q3, 2021 Results on Apr 12, 2021 Toyo Denki Seizo K.K. announced that they will report Q3, 2021 results on Apr 12, 2021 Analyst Estimate Surprise Post Earnings • Jan 19
Earnings beat expectations, revenue disappoints Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) exceeded analyst estimates by 24%. Over the next year, revenue is forecast to stay flat compared to a 5.6% growth forecast for the Electrical industry in Japan. Analyst Estimate Surprise Post Earnings • Jan 16
Earnings beat expectations, revenue disappoints Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) exceeded analyst estimates by 24%. Over the next year, revenue is forecast to stay flat compared to a 5.7% growth forecast for the Electrical industry in Japan. Reported Earnings • Jan 14
Second quarter 2021 earnings released: EPS JP¥15.21 The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥8.87b (down 16% from 2Q 2020). Net income: JP¥136.0m (down 64% from 2Q 2020). Profit margin: 1.5% (down from 3.6% in 2Q 2020). 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 but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Dec 07
New 90-day high: JP¥1,199 The company is up 10.0% from its price of JP¥1,087 on 08 September 2020. The Japanese market is also up 10.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Electrical industry, which is up 28% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥827 per share. Price Target Changed • Dec 01
Price target lowered to JP¥1,200 Down from JP¥1,750, the current price target is an average from 2 analysts. The new target price is 6.5% above the current share price of JP¥1,127. As of last close, the stock is down 27% over the past year. Announcement • Aug 24
Toyo Denki Seizo K.K. to Report Q1, 2021 Results on Oct 12, 2020 Toyo Denki Seizo K.K. announced that they will report Q1, 2021 results on Oct 12, 2020 