Reported Earnings • May 18
Full year 2026 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2026 results: EPS: JP¥185 (up from JP¥132 in FY 2025). Revenue: JP¥165.6b (up 9.6% from FY 2025). Net income: JP¥13.7b (up 32% from FY 2025). Profit margin: 8.3% (up from 6.9% in FY 2025). Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) exceeded analyst estimates by 8.1%. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • May 15
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥3,255, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 17x in the Machinery industry in Japan. Total returns to shareholders of 147% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,532 per share. Announcement • May 15
Takuma Co., Ltd. (TSE:6013) announces an Equity Buyback for 2,000,000 shares, representing 2.75% for ¥4,000 million. Takuma Co., Ltd. (TSE:6013) announces a share repurchase program. Under the program, the company will repurchase 2,000,000 shares, representing 2.75% of its share capital, for ¥4,000 million. The purpose of the program is to improve capital efficiency and shareholder return. The repurchased shares will be cancelled. The program will run until September 7, 2026. As of April 30, 2026, the company had 72,852,647 outstanding shares (excluding treasury shares) and 2,836,453 treasury shares. Buy Or Sell Opportunity • May 15
Now 27% overvalued after recent price rise Over the last 90 days, the stock has risen 24% to JP¥3,225. The fair value is estimated to be JP¥2,531, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.3% over the last 3 years. Earnings per share has grown by 8.6%. For the next 3 years, revenue is forecast to grow by 6.1% per annum. Earnings are also forecast to grow by 4.9% per annum over the same time period. Announcement • May 14
Takuma Co., Ltd., Annual General Meeting, Jun 25, 2026 Takuma Co., Ltd., Annual General Meeting, Jun 25, 2026. Buy Or Sell Opportunity • Apr 09
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 16% to JP¥2,878. The fair value is estimated to be JP¥2,390, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.3% over the last 3 years. Earnings per share has grown by 8.6%. For the next 3 years, revenue is forecast to grow by 5.8% per annum. Earnings are also forecast to grow by 3.7% per annum over the same time period. Announcement • Apr 01
Takuma Co., Ltd. to Report Fiscal Year 2026 Results on May 14, 2026 Takuma Co., Ltd. announced that they will report fiscal year 2026 results at 3:30 PM, Tokyo Standard Time on May 14, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥48.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 26 June 2026. Payout ratio is a comfortable 51% and the cash payout ratio is 84%. Trailing yield: 3.6%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%). Reported Earnings • Feb 14
Third quarter 2026 earnings released: EPS: JP¥60.10 (vs JP¥40.02 in 3Q 2025) Third quarter 2026 results: EPS: JP¥60.10 (up from JP¥40.02 in 3Q 2025). Revenue: JP¥43.7b (up 14% from 3Q 2025). Net income: JP¥4.43b (up 42% from 3Q 2025). Profit margin: 10% (up from 8.2% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Machinery industry in Japan. 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 24% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Dec 06
First half dividend of JP¥40.00 announced Shareholders will receive a dividend of JP¥40.00. Ex-date: 30th March 2026 Payment date: 26th June 2026 Dividend yield will be 3.3%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is covered by both earnings (59% earnings payout ratio) and cash flows (71% cash payout ratio). The dividend has increased by an average of 26% 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 25% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Dec 03
Takuma Co., Ltd. to Report Q3, 2026 Results on Feb 13, 2026 Takuma Co., Ltd. announced that they will report Q3, 2026 results on Feb 13, 2026 Reported Earnings • Nov 15
Second quarter 2026 earnings released: EPS: JP¥36.80 (vs JP¥25.53 in 2Q 2025) Second quarter 2026 results: EPS: JP¥36.80 (up from JP¥25.53 in 2Q 2025). Revenue: JP¥39.7b (up 11% from 2Q 2025). Net income: JP¥2.75b (up 36% from 2Q 2025). Profit margin: 6.9% (up from 5.6% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Machinery 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 23% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Oct 25
Price target increased by 7.3% to JP¥2,650 Up from JP¥2,470, the current price target is an average from 4 analysts. New target price is 14% above last closing price of JP¥2,318. Stock is up 49% over the past year. The company is forecast to post earnings per share of JP¥156 for next year compared to JP¥132 last year. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥39.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 08 December 2025. Payout ratio is a comfortable 55% but the company is not cash flow positive. Trailing yield: 3.5%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.0%). Announcement • Sep 04
Takuma Co., Ltd. to Report Q2, 2026 Results on Nov 12, 2025 Takuma Co., Ltd. announced that they will report Q2, 2026 results at 3:00 PM, Tokyo Standard Time on Nov 12, 2025 Price Target Changed • Aug 23
Price target increased by 7.3% to JP¥2,510 Up from JP¥2,340, the current price target is an average from 5 analysts. New target price is 12% above last closing price of JP¥2,243. Stock is up 39% over the past year. The company is forecast to post earnings per share of JP¥154 for next year compared to JP¥132 last year. Reported Earnings • Aug 08
First quarter 2026 earnings released: EPS: JP¥14.19 (vs JP¥26.26 in 1Q 2025) First quarter 2026 results: EPS: JP¥14.19 (down from JP¥26.26 in 1Q 2025). Revenue: JP¥30.4b (down 5.8% from 1Q 2025). Net income: JP¥1.07b (down 49% from 1Q 2025). Profit margin: 3.5% (down from 6.5% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Machinery 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 16% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Jul 09
Final dividend of JP¥39.00 announced Shareholders will receive a dividend of JP¥39.00. Ex-date: 29th September 2025 Payment date: 8th December 2025 Dividend yield will be 3.8%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is covered by earnings (37% 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 26% 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 32% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jul 01
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: EPS: JP¥132 (up from JP¥109 in FY 2024). Revenue: JP¥151.2b (up 1.3% from FY 2024). Net income: JP¥10.4b (up 19% from FY 2024). Profit margin: 6.9% (up from 5.9% in FY 2024). Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) missed analyst estimates by 5.7%. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Machinery industry in Japan. 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 17% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Jun 12
Price target increased by 7.2% to JP¥2,340 Up from JP¥2,182, the current price target is an average from 5 analysts. New target price is 17% above last closing price of JP¥1,995. Stock is up 24% over the past year. The company is forecast to post earnings per share of JP¥143 for next year compared to JP¥132 last year. Announcement • Jun 11
Takuma Co., Ltd. to Report Q1, 2026 Results on Aug 06, 2025 Takuma Co., Ltd. announced that they will report Q1, 2026 results on Aug 06, 2025 Announcement • May 14
Takuma Co., Ltd., Annual General Meeting, Jun 25, 2025 Takuma Co., Ltd., Annual General Meeting, Jun 25, 2025. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥38.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 26 June 2025. Payout ratio is a comfortable 37% but the company is not cash flow positive. Trailing yield: 4.1%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.1%). Major Estimate Revision • Mar 12
Consensus EPS estimates increase by 15% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from JP¥147.6b to JP¥150.5b. EPS estimate increased from JP¥122 to JP¥140 per share. Net income forecast to shrink 9.3% next year vs 8.2% growth forecast for Machinery industry in Japan . Consensus price target broadly unchanged at JP¥2,042. Share price was steady at JP¥1,759 over the past week. Announcement • Mar 06
Takuma Co., Ltd. to Report Fiscal Year 2025 Results on May 14, 2025 Takuma Co., Ltd. announced that they will report fiscal year 2025 results on May 14, 2025 New Risk • Mar 04
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.4% 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 0.4% per year for the foreseeable future. Minor Risk Paying a dividend despite having no free cash flows. Announcement • Mar 04
Takuma Co., Ltd. (TSE:6013) announces an Equity Buyback for 9,000,000 shares, representing 11.59% for ¥10,000 million. Takuma Co., Ltd. (TSE:6013) announces a share repurchase program. Under the program, the company will repurchase 9,000,000 shares, representing 11.59% of its share capital, for ¥10,000 million. The program will run until February 16, 2026. Buy Or Sell Opportunity • Feb 18
Now 22% undervalued Over the last 90 days, the stock has risen 16% to JP¥1,839. The fair value is estimated to be JP¥2,363, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.2% over the last 3 years. Earnings per share has grown by 13%. For the next 3 years, revenue is forecast to grow by 4.7% per annum. Earnings are forecast to decline by 0.7% per annum over the same time period. Reported Earnings • Feb 16
Third quarter 2025 earnings released: EPS: JP¥40.01 (vs JP¥37.74 in 3Q 2024) Third quarter 2025 results: EPS: JP¥40.01 (up from JP¥37.74 in 3Q 2024). Revenue: JP¥38.3b (down 1.6% from 3Q 2024). Net income: JP¥3.13b (up 3.6% from 3Q 2024). Profit margin: 8.2% (up from 7.8% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Machinery 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 only increased by 5% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Feb 15
Consensus EPS estimates increase by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from JP¥143.6b to JP¥150.0b. EPS estimate increased from JP¥118 to JP¥131 per share. Net income forecast to shrink 9.0% next year vs 12% growth forecast for Machinery industry in Japan . Consensus price target broadly unchanged at JP¥2,002. Share price rose 3.6% to JP¥1,719 over the past week. New Risk • Feb 14
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.6% 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 Risks Earnings are forecast to decline by an average of 0.6% per year for the foreseeable future. High level of non-cash earnings (42% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Announcement • Dec 05
Takuma Co., Ltd. to Report Q3, 2025 Results on Feb 14, 2025 Takuma Co., Ltd. announced that they will report Q3, 2025 results on Feb 14, 2025 Reported Earnings • Nov 09
Second quarter 2025 earnings released: EPS: JP¥25.53 (vs JP¥12.39 in 2Q 2024) Second quarter 2025 results: EPS: JP¥25.53 (up from JP¥12.39 in 2Q 2024). Revenue: JP¥35.7b (down 1.0% from 2Q 2024). Net income: JP¥2.02b (up 104% from 2Q 2024). Profit margin: 5.6% (up from 2.7% in 2Q 2024). Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Oct 28
Takuma Co., Ltd. (TSE:6013) agreed to acquire Ihi Packaged Boiler Co., Ltd. from IHI Corporation (TSE:7013). Takuma Co., Ltd. (TSE:6013) agreed to acquire Ihi Packaged Boiler Co., Ltd. from IHI Corporation (TSE:7013) on October 28, 2024. For the period ending March 31, 2024, Ihi Packaged Boiler Co., Ltd. reported total revenue of ¥6.23 billion. The expected completion of the transaction is April 1, 2025. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥28.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 09 December 2024. Payout ratio is a comfortable 39% but the company is not cash flow positive. Trailing yield: 3.5%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.9%). Announcement • Sep 03
Takuma Co., Ltd. to Report Q2, 2025 Results on Nov 08, 2024 Takuma Co., Ltd. announced that they will report Q2, 2025 results on Nov 08, 2024 Reported Earnings • Aug 09
First quarter 2025 earnings released: EPS: JP¥26.26 (vs JP¥11.71 in 1Q 2024) First quarter 2025 results: EPS: JP¥26.26 (up from JP¥11.71 in 1Q 2024). Revenue: JP¥32.3b (up 8.4% from 1Q 2024). Net income: JP¥2.10b (up 124% from 1Q 2024). Profit margin: 6.5% (up from 3.1% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Machinery 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 fallen by 3% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥1,441, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 12x in the Machinery industry in Japan. Total loss to shareholders of 6.1% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,232 per share. Announcement • Jun 14
Takuma Co., Ltd. to Report Q1, 2025 Results on Aug 06, 2024 Takuma Co., Ltd. announced that they will report Q1, 2025 results on Aug 06, 2024 Buy Or Sell Opportunity • May 25
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 11% to JP¥1,644. The fair value is estimated to be JP¥2,070, 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 12%. For the next 3 years, revenue is forecast to grow by 0.6% per annum. Earnings are also forecast to grow by 4.1% per annum over the same time period. Reported Earnings • May 18
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: JP¥109 (down from JP¥120 in FY 2023). Revenue: JP¥149.2b (up 4.6% from FY 2023). Net income: JP¥8.75b (down 9.0% from FY 2023). Profit margin: 5.9% (down from 6.7% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.9%. Revenue is forecast to stay flat during the next 3 years compared to a 4.6% growth forecast for the Machinery 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 fallen by 5% per year, which means it is significantly lagging earnings. Announcement • May 16
Takuma Co., Ltd., Annual General Meeting, Jun 25, 2024 Takuma Co., Ltd., Annual General Meeting, Jun 25, 2024. Valuation Update With 7 Day Price Move • May 15
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥1,671, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 13x in the Machinery industry in Japan. Total loss to shareholders of 4.1% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,044 per share. Announcement • May 15
Takuma Co., Ltd. (TSE:6013) announces an Equity Buyback for 3,000,000 shares, representing 3.75% for ¥4,000 million. Takuma Co., Ltd. (TSE:6013) announces a share repurchase program. Under the program, the company will repurchase 3,000,000 shares, representing 3.75% of its share capital, for ¥4,000 million. The purpose of the program is to improve capital efficiency and enhance shareholder returns. The repurchased shares will be cancelled. The program will run until January 15, 2025. As of April 30, 2024, the company had 80,020,225 shares outstanding (excluding treasury shares) and 2,979,775 shares in treasury. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥24.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 28 June 2024. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.9%). Announcement • Mar 10
Takuma Co., Ltd. to Report Fiscal Year 2024 Results on May 14, 2024 Takuma Co., Ltd. announced that they will report fiscal year 2024 results on May 14, 2024 Reported Earnings • Feb 16
Third quarter 2024 earnings released: EPS: JP¥37.74 (vs JP¥34.06 in 3Q 2023) Third quarter 2024 results: EPS: JP¥37.74 (up from JP¥34.06 in 3Q 2023). Revenue: JP¥38.9b (up 12% from 3Q 2023). Net income: JP¥3.02b (up 11% from 3Q 2023). Profit margin: 7.8% (in line with 3Q 2023). Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Dec 21
Takuma Co., Ltd. to Report Q3, 2024 Results on Feb 14, 2024 Takuma Co., Ltd. announced that they will report Q3, 2024 results on Feb 14, 2024 Price Target Changed • Dec 05
Price target increased by 7.3% to JP¥1,843 Up from JP¥1,718, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of JP¥1,775. Stock is up 43% over the past year. The company is forecast to post earnings per share of JP¥110 for next year compared to JP¥120 last year. Reported Earnings • Nov 10
Second quarter 2024 earnings released: EPS: JP¥12.39 (vs JP¥32.10 in 2Q 2023) Second quarter 2024 results: EPS: JP¥12.39 (down from JP¥32.10 in 2Q 2023). Revenue: JP¥36.1b (up 3.4% from 2Q 2023). Net income: JP¥991.0m (down 61% from 2Q 2023). Profit margin: 2.7% (down from 7.4% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Buying Opportunity • Oct 05
Now 22% undervalued Over the last 90 days, the stock is up 2.9%. The fair value is estimated to be JP¥1,909, 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 6.7%. For the next 3 years, revenue is forecast to grow by 2.1% per annum. Earnings is also forecast to grow by 3.9% per annum over the same time period. Announcement • Sep 23
Takuma Co., Ltd. to Report Q2, 2024 Results on Nov 08, 2023 Takuma Co., Ltd. announced that they will report Q2, 2024 results on Nov 08, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of JP¥24.00 per share at 3.0% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 11 December 2023. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (2.1%). Buying Opportunity • Aug 17
Now 21% undervalued Over the last 90 days, the stock is up 4.1%. The fair value is estimated to be JP¥1,922, 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 6.7%. For the next 3 years, revenue is forecast to grow by 1.6% per annum. Earnings is also forecast to grow by 3.5% per annum over the same time period. Reported Earnings • Aug 09
First quarter 2024 earnings released: EPS: JP¥11.71 (vs JP¥21.55 in 1Q 2023) First quarter 2024 results: EPS: JP¥11.71 (down from JP¥21.55 in 1Q 2023). Revenue: JP¥29.8b (down 3.6% from 1Q 2023). Net income: JP¥936.0m (down 46% from 1Q 2023). Profit margin: 3.1% (down from 5.6% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Jun 22
Takuma Co., Ltd. to Report Q1, 2024 Results on Aug 08, 2023 Takuma Co., Ltd. announced that they will report Q1, 2024 results on Aug 08, 2023 Reported Earnings • May 18
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: JP¥120 (up from JP¥91.52 in FY 2022). Revenue: JP¥142.7b (up 6.4% from FY 2022). Net income: JP¥9.62b (up 29% from FY 2022). Profit margin: 6.7% (up from 5.5% in FY 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) also missed analyst estimates by 2.4%. Revenue is forecast to stay flat during the next 3 years compared to a 4.0% growth forecast for the Machinery 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 3% per year. Announcement • May 14
Takuma Co., Ltd., Annual General Meeting, Jun 27, 2023 Takuma Co., Ltd., Annual General Meeting, Jun 27, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥24.00 per share at 3.7% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 27 June 2023. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 3.7%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.4%). Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: JP¥34.06 (vs JP¥22.43 in 3Q 2022) Third quarter 2023 results: EPS: JP¥34.06 (up from JP¥22.43 in 3Q 2022). Revenue: JP¥34.8b (up 1.1% from 3Q 2022). Net income: JP¥2.72b (up 49% from 3Q 2022). Profit margin: 7.8% (up from 5.3% in 3Q 2022). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 2% per year and the company’s share price has also increased by 2% per year. Announcement • Dec 15
Takuma Co., Ltd. to Report Q3, 2023 Results on Feb 09, 2023 Takuma Co., Ltd. announced that they will report Q3, 2023 results on Feb 09, 2023 Board Change • Nov 16
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Outside Director Seiichi Nagatsuka was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Nov 12
Second quarter 2023 earnings released: EPS: JP¥32.10 (vs JP¥18.03 in 2Q 2022) Second quarter 2023 results: EPS: JP¥32.10 (up from JP¥18.03 in 2Q 2022). Revenue: JP¥34.9b (up 8.6% from 2Q 2022). Net income: JP¥2.57b (up 75% from 2Q 2022). Profit margin: 7.4% (up from 4.6% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has increased by 1% per year. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥18.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 06 December 2022. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.4%). Announcement • Sep 09
Takuma Co., Ltd. to Report Q2, 2023 Results on Nov 10, 2022 Takuma Co., Ltd. announced that they will report Q2, 2023 results on Nov 10, 2022 Reported Earnings • Aug 05
First quarter 2023 earnings released: EPS: JP¥21.55 (vs JP¥9.75 in 1Q 2022) First quarter 2023 results: EPS: JP¥21.55 (up from JP¥9.75 in 1Q 2022). Revenue: JP¥30.9b (up 14% from 1Q 2022). Net income: JP¥1.73b (up 118% from 1Q 2022). Profit margin: 5.6% (up from 2.9% in 1Q 2022). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 5.6%, compared to a 9.4% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Announcement • Jun 24
Takuma Co., Ltd. to Report Q1, 2023 Results on Aug 04, 2022 Takuma Co., Ltd. announced that they will report Q1, 2023 results on Aug 04, 2022 Reported Earnings • May 16
Full year 2022 earnings: EPS in line with expectations, revenues disappoint Full year 2022 results: EPS: JP¥91.52 (down from JP¥92.73 in FY 2021). Revenue: JP¥134.1b (down 8.6% from FY 2021). Net income: JP¥7.43b (down 1.3% from FY 2021). Profit margin: 5.5% (up from 5.1% in FY 2021). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 2.5%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 8.0%, compared to a 7.8% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • May 15
Takuma Co., Ltd., Annual General Meeting, Jun 24, 2022 Takuma Co., Ltd., Annual General Meeting, Jun 24, 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, 2 were independent directors. The company's board is composed of: 3 independent directors. 7 non-independent directors. Independent Outside Director Tetsuya Kaneko was the last independent director to join the board, commencing their role in 2020. 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 • Apr 08
Takuma Co., Ltd. to Report Fiscal Year 2022 Results on May 13, 2022 Takuma Co., Ltd. announced that they will report fiscal year 2022 results on May 13, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥18.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 28 June 2022. Payout ratio is a comfortable 59% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (2.0%). Buying Opportunity • Mar 09
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 11%. The fair value is estimated to be JP¥1,630, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.6% per annum over the last 3 years. Earnings per share has declined by 13% per annum over the last 3 years. Buying Opportunity • Feb 22
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 4.1%. The fair value is estimated to be JP¥1,804, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.6% per annum over the last 3 years. Earnings per share has declined by 13% per annum over the last 3 years. Announcement • Feb 10
Takuma Co., Ltd. (TSE:6013) announces an Equity Buyback for 1,800,000 shares, representing 2.21% for ¥2,000 million. Takuma Co., Ltd. (TSE:6013) announces a share repurchase program. Under the program, the company will repurchase 1,800,000 shares, representing 2.21% of its share capital, for ¥2,000 million. The company will repurchase its shares in order to implement a flexible capital policy in response to changes in the business environment, along with aiming to improve capital efficiency. The program will run until June 21, 2022. As of January 31, 2022, the company had 81,278,689 shares outstanding (excluding treasury shares) and 1,721,311 shares in treasury. Reported Earnings • Feb 10
Third quarter 2022 earnings: EPS misses analyst expectations Third quarter 2022 results: EPS: JP¥22.43 (down from JP¥23.52 in 3Q 2021). Revenue: JP¥34.4b (down 2.2% from 3Q 2021). Net income: JP¥1.82b (down 4.6% from 3Q 2021). Profit margin: 5.3% (down from 5.4% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 18%. Over the next year, revenue is forecast to grow 6.0%, compared to a 8.2% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Buying Opportunity • Feb 07
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 6.6%. The fair value is estimated to be JP¥1,794, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.9% per annum over the last 3 years. Earnings per share has declined by 7.5% per annum over the last 3 years. Buying Opportunity • Jan 19
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 8.2%. The fair value is estimated to be JP¥1,770, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.9% per annum over the last 3 years. Earnings per share has declined by 7.5% per annum over the last 3 years. Reported Earnings • Nov 11
Second quarter 2022 earnings released: EPS JP¥18.03 (vs JP¥35.16 in 2Q 2021) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥32.1b (down 16% from 2Q 2021). Net income: JP¥1.47b (down 49% from 2Q 2021). Profit margin: 4.6% (down from 7.5% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. 
