Reported Earnings • Apr 29
Full year 2026 earnings released: EPS: JP¥644 (vs JP¥408 in FY 2025) Full year 2026 results: EPS: JP¥644 (up from JP¥408 in FY 2025). Revenue: JP¥37.3b (up 3.0% from FY 2025). Net income: JP¥4.67b (up 56% from FY 2025). Profit margin: 13% (up from 8.3% in FY 2025). Over the last 3 years on average, earnings per share has increased by 39% per year whereas the company’s share price has increased by 36% per year. New Risk • Apr 28
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 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Large one-off items impacting financial results. Buy Or Sell Opportunity • Apr 28
Now 29% overvalued after recent price rise Over the last 90 days, the stock has risen 3.3% to JP¥4,555. The fair value is estimated to be JP¥3,521, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 38%. Buy Or Sell Opportunity • Apr 08
Now 23% overvalued Over the last 90 days, the stock has fallen 1.9% to JP¥4,385. The fair value is estimated to be JP¥3,573, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 38%. Buy Or Sell Opportunity • Mar 24
Now 21% overvalued The stock has been flat over the last 90 days, currently trading at JP¥4,370. The fair value is estimated to be JP¥3,600, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 38%. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥150 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 19 June 2026. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%). Reported Earnings • Jan 31
Third quarter 2026 earnings released: EPS: JP¥177 (vs JP¥66.31 in 3Q 2025) Third quarter 2026 results: EPS: JP¥177 (up from JP¥66.31 in 3Q 2025). Revenue: JP¥9.02b (up 20% from 3Q 2025). Net income: JP¥1.28b (up 162% from 3Q 2025). Profit margin: 14% (up from 6.5% in 3Q 2025). Over the last 3 years on average, earnings per share has increased by 38% per year whereas the company’s share price has increased by 39% per year. Declared Dividend • Jan 08
Dividend of JP¥150 announced Dividend of JP¥150 is the same as last year. Ex-date: 30th March 2026 Payment date: 19th June 2026 Dividend yield will be 3.4%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is covered by both earnings (31% earnings payout ratio) and cash flows (69% 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. Earnings per share has grown by 221% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Jan 07
Chugai Ro Co., Ltd. announces Annual dividend, payable on June 19, 2026 Chugai Ro Co., Ltd. announced Annual dividend of JPY 150.0000 per share payable on June 19, 2026, ex-date on March 30, 2026 and record date on March 31, 2026. Reported Earnings • Nov 01
Second quarter 2026 earnings released: EPS: JP¥48.45 (vs JP¥72.14 in 2Q 2025) Second quarter 2026 results: EPS: JP¥48.45 (down from JP¥72.14 in 2Q 2025). Revenue: JP¥8.42b (down 11% from 2Q 2025). Net income: JP¥351.0m (down 34% from 2Q 2025). Profit margin: 4.2% (down from 5.6% in 2Q 2025). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 28
Chugai Ro Co., Ltd. to Report Q2, 2026 Results on Oct 31, 2025 Chugai Ro Co., Ltd. announced that they will report Q2, 2026 results on Oct 31, 2025 Reported Earnings • Jul 27
First quarter 2026 earnings released: EPS: JP¥96.63 (vs JP¥1.62 loss in 1Q 2025) First quarter 2026 results: EPS: JP¥96.63 (up from JP¥1.62 loss in 1Q 2025). Revenue: JP¥6.35b (up 20% from 1Q 2025). Net income: JP¥704.0m (up JP¥716.0m from 1Q 2025). Profit margin: 11% (up from net loss in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Announcement • Jul 26
Chugai Ro Co., Ltd. to Report Q1, 2026 Results on Jul 25, 2025 Chugai Ro Co., Ltd. announced that they will report Q1, 2026 results on Jul 25, 2025 Reported Earnings • Jun 21
Full year 2025 earnings released: EPS: JP¥408 (vs JP¥294 in FY 2024) Full year 2025 results: EPS: JP¥408 (up from JP¥294 in FY 2024). Revenue: JP¥36.2b (up 24% from FY 2024). Net income: JP¥3.00b (up 37% from FY 2024). Profit margin: 8.3% (up from 7.5% in FY 2024). Over the last 3 years on average, earnings per share has increased by 29% per year whereas the company’s share price has increased by 25% per year. New Risk • Apr 30
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 27% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (27% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Apr 29
Full year 2025 earnings released: EPS: JP¥408 (vs JP¥294 in FY 2024) Full year 2025 results: EPS: JP¥408 (up from JP¥294 in FY 2024). Revenue: JP¥36.2b (up 24% from FY 2024). Net income: JP¥3.00b (up 37% from FY 2024). Profit margin: 8.3% (up from 7.5% in FY 2024). Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Apr 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.5% average weekly change). Large one-off items impacting financial results. 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¥2,904, the stock trades at a trailing P/E ratio of 9.1x. Average trailing P/E is 11x in the Machinery industry in Japan. Total returns to shareholders of 115% over the past three years. Announcement • Mar 28
Chugai Ro Co., Ltd. to Report Fiscal Year 2025 Results on Apr 28, 2025 Chugai Ro Co., Ltd. announced that they will report fiscal year 2025 results on Apr 28, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥120 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 20 June 2025. Payout ratio is a comfortable 25% but the company is not cash flow positive. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.1%). Reported Earnings • Feb 01
Third quarter 2025 earnings released: EPS: JP¥66.30 (vs JP¥14.24 in 3Q 2024) Third quarter 2025 results: EPS: JP¥66.30 (up from JP¥14.24 in 3Q 2024). Revenue: JP¥7.50b (up 28% from 3Q 2024). Net income: JP¥487.0m (up 359% from 3Q 2024). Profit margin: 6.5% (up from 1.8% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 30% per year whereas the company’s share price has increased by 27% per year. Declared Dividend • Jan 06
Dividend of JP¥120 announced Shareholders will receive a dividend of JP¥120. Ex-date: 28th March 2025 Payment date: 20th June 2025 Dividend yield will be 3.5%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is covered by earnings (30% 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 9.1% 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 8.3% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Jan 03
Chugai Ro Co., Ltd. to Report Q3, 2025 Results on Jan 31, 2025 Chugai Ro Co., Ltd. announced that they will report Q3, 2025 results on Jan 31, 2025 Reported Earnings • Nov 02
Second quarter 2025 earnings released: EPS: JP¥72.13 (vs JP¥138 in 2Q 2024) Second quarter 2025 results: EPS: JP¥72.13 (down from JP¥138 in 2Q 2024). Revenue: JP¥9.44b (up 20% from 2Q 2024). Net income: JP¥530.0m (down 49% from 2Q 2024). Profit margin: 5.6% (down from 13% in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Announcement • Aug 27
Chugai Ro Co., Ltd. to Report Q2, 2025 Results on Oct 31, 2024 Chugai Ro Co., Ltd. announced that they will report Q2, 2025 results on Oct 31, 2024 Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 25% After last week's 25% share price decline to JP¥2,277, the stock trades at a trailing P/E ratio of 6.8x. Average trailing P/E is 11x in the Machinery industry in Japan. Total returns to shareholders of 32% over the past three years. Reported Earnings • Jul 28
First quarter 2025 earnings released: JP¥1.62 loss per share (vs JP¥37.45 loss in 1Q 2024) First quarter 2025 results: JP¥1.62 loss per share (improved from JP¥37.45 loss in 1Q 2024). Revenue: JP¥5.28b (up 11% from 1Q 2024). Net loss: JP¥12.0m (loss narrowed 96% from 1Q 2024). Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Announcement • Jun 28
Chugai Ro Co., Ltd. to Report Q1, 2025 Results on Jul 26, 2024 Chugai Ro Co., Ltd. announced that they will report Q1, 2025 results on Jul 26, 2024 Reported Earnings • Jun 25
Full year 2024 earnings released: EPS: JP¥294 (vs JP¥162 in FY 2023) Full year 2024 results: EPS: JP¥294 (up from JP¥162 in FY 2023). Revenue: JP¥29.3b (up 4.7% from FY 2023). Net income: JP¥2.20b (up 79% from FY 2023). Profit margin: 7.5% (up from 4.4% in FY 2023). Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 01
Full year 2024 earnings released: EPS: JP¥294 (vs JP¥162 in FY 2023) Full year 2024 results: EPS: JP¥294 (up from JP¥162 in FY 2023). Revenue: JP¥29.3b (up 4.7% from FY 2023). Net income: JP¥2.20b (up 79% from FY 2023). Profit margin: 7.5% (up from 4.4% in FY 2023). Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Announcement • May 01
Chugai Ro Co., Ltd., Annual General Meeting, Jun 19, 2024 Chugai Ro Co., Ltd., Annual General Meeting, Jun 19, 2024. Announcement • Apr 30
Chugai Ro Co., Ltd. (TSE:1964) announces an Equity Buyback for 130,000 shares, representing 1.75% for ¥310 million. Chugai Ro Co., Ltd. (TSE:1964) announces a share repurchase program. Under the program, the company will repurchase up to 130,000 shares, representing 1.75% of its issued share capital (excluding treasury stock), for a total purchase price of ¥310 million. The purpose of the program is to enable the implementation of flexible capital policies in response to changes in the business environment. The program will be valid till July 29, 2024. As of April 30, 2024, the company had 7,433,197 shares outstanding (excluding treasury shares) and 366,803 shares in its treasury. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥80.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 24% but the company is not cash flow positive. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.9%). Announcement • Mar 02
Chugai Ro Co., Ltd. to Report Fiscal Year 2024 Results on Apr 30, 2024 Chugai Ro Co., Ltd. announced that they will report fiscal year 2024 results on Apr 30, 2024 Reported Earnings • Feb 02
Third quarter 2024 earnings released: EPS: JP¥14.24 (vs JP¥20.04 in 3Q 2023) Third quarter 2024 results: EPS: JP¥14.24 (down from JP¥20.04 in 3Q 2023). Revenue: JP¥5.84b (down 15% from 3Q 2023). Net income: JP¥106.0m (down 30% from 3Q 2023). Profit margin: 1.8% (down from 2.2% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Announcement • Nov 29
Chugai Ro Co., Ltd. to Report Q3, 2024 Results on Jan 31, 2024 Chugai Ro Co., Ltd. announced that they will report Q3, 2024 results on Jan 31, 2024 New Risk • Nov 02
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 38% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (38% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Nov 01
Second quarter 2024 earnings released: EPS: JP¥138 (vs JP¥15.94 in 2Q 2023) Second quarter 2024 results: EPS: JP¥138 (up from JP¥15.94 in 2Q 2023). Revenue: JP¥7.87b (up 34% from 2Q 2023). Net income: JP¥1.03b (up JP¥909.0m from 2Q 2023). Profit margin: 13% (up from 2.1% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Announcement • Sep 28
Chugai Ro Co., Ltd. to Report Q2, 2024 Results on Oct 30, 2023 Chugai Ro Co., Ltd. announced that they will report Q2, 2024 results on Oct 30, 2023 Reported Earnings • Jul 29
First quarter 2024 earnings released: JP¥37.45 loss per share (vs JP¥51.51 loss in 1Q 2023) First quarter 2024 results: JP¥37.45 loss per share (improved from JP¥51.51 loss in 1Q 2023). Revenue: JP¥4.74b (up 28% from 1Q 2023). Net loss: JP¥283.0m (loss narrowed 28% from 1Q 2023). Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Announcement • Jul 29
Chugai Ro Co., Ltd. (TSE:1964) announces an Equity Buyback for 130,000 shares, representing 1.73% for ¥200 million. Chugai Ro Co., Ltd. (TSE:1964) announces a share repurchase program. Under the program, the company will repurchase up to 130,000 shares, representing 1.73% of its issued share capital (excluding treasury stock), for a total purchase price of ¥200 million. The purpose of the program is to enable the execution of agile capital policies in response to changes in the business environment. The program will be valid till September 29, 2023. As of June 30, 2023, the company had 7,530,161 shares outstanding (excluding treasury shares) and 269,839 shares in its treasury. Announcement • May 31
Chugai Ro Co., Ltd. to Report Q1, 2024 Results on Jul 28, 2023 Chugai Ro Co., Ltd. announced that they will report Q1, 2024 results on Jul 28, 2023 Reported Earnings • May 16
Full year 2023 earnings released: EPS: JP¥162 (vs JP¥177 in FY 2022) Full year 2023 results: EPS: JP¥162 (down from JP¥177 in FY 2022). Revenue: JP¥28.0b (up 6.3% from FY 2022). Net income: JP¥1.23b (down 9.5% from FY 2022). Profit margin: 4.4% (down from 5.2% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • May 14
Chugai Ro Co., Ltd., Annual General Meeting, Jun 28, 2023 Chugai Ro Co., Ltd., Annual General Meeting, Jun 28, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥70.00 per share at 3.9% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 29 June 2023. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 3.9%. 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¥20.03 (vs JP¥15.11 in 3Q 2022) Third quarter 2023 results: EPS: JP¥20.03 (up from JP¥15.11 in 3Q 2022). Revenue: JP¥6.89b (up 13% from 3Q 2022). Net income: JP¥152.0m (up 31% from 3Q 2022). Profit margin: 2.2% (up from 1.9% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Dec 29
Chugai Ro Co., Ltd. to Report Q3, 2023 Results on Feb 10, 2023 Chugai Ro Co., Ltd. announced that they will report Q3, 2023 results on Feb 10, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: JP¥15.94 (vs JP¥8.99 in 2Q 2022) Second quarter 2023 results: EPS: JP¥15.94 (up from JP¥8.99 in 2Q 2022). Revenue: JP¥5.89b (up 11% from 2Q 2022). Net income: JP¥121.0m (up 75% from 2Q 2022). Profit margin: 2.1% (up from 1.3% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Outside Director Ryo Sato was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 13
Second quarter 2023 earnings released: EPS: JP¥15.94 (vs JP¥8.99 in 2Q 2022) Second quarter 2023 results: EPS: JP¥15.94 (up from JP¥8.99 in 2Q 2022). Revenue: JP¥5.89b (up 11% from 2Q 2022). Net income: JP¥121.0m (up 75% from 2Q 2022). Profit margin: 2.1% (up from 1.3% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Sep 23
Chugai Ro Co., Ltd. to Report Q2, 2023 Results on Nov 11, 2022 Chugai Ro Co., Ltd. announced that they will report Q2, 2023 results on Nov 11, 2022 Reported Earnings • Aug 12
First quarter 2023 earnings released: JP¥51.51 loss per share (vs JP¥42.21 loss in 1Q 2022) First quarter 2023 results: JP¥51.51 loss per share (down from JP¥42.21 loss in 1Q 2022). Revenue: JP¥3.69b (down 18% from 1Q 2022). Net loss: JP¥393.0m (loss widened 21% from 1Q 2022). 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 4% per year, which means it is well ahead of earnings. Announcement • Jun 30
Chugai Ro Co., Ltd. to Report Q1, 2023 Results on Aug 10, 2022 Chugai Ro Co., Ltd. announced that they will report Q1, 2023 results on Aug 10, 2022 Reported Earnings • May 16
Full year 2022 earnings released: EPS: JP¥177 (vs JP¥42.86 in FY 2021) Full year 2022 results: EPS: JP¥177 (up from JP¥42.86 in FY 2021). Revenue: JP¥26.3b (up 6.5% from FY 2021). Net income: JP¥1.36b (up 313% from FY 2021). Profit margin: 5.2% (up from 1.3% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 18% 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 • May 16
Chugai Ro Co., Ltd. (TSE:1964) announces an Equity Buyback for 130,000 shares, representing 1.69% for ¥150 million. Chugai Ro Co., Ltd. (TSE:1964) announces a share repurchase program. Under the program, the company will repurchase up to 130,000 shares, representing 1.69% of its issued share capital (excluding treasury stock), for a total purchase price of ¥150 million. The purpose of the program is to enable the execution of agile capital policies in response to changes in the business environment. The program will be valid till July 29, 2022. As of March 31, 2022, the company had 7,675,884 shares outstanding (excluding treasury shares) and 124,116 shares in its treasury. Announcement • May 15
Chugai Ro Co., Ltd., Annual General Meeting, Jun 28, 2022 Chugai Ro Co., Ltd., Annual General Meeting, Jun 28, 2022. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Auditor Kenichiro Nanba was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 08
Chugai Ro Co., Ltd. to Report Fiscal Year 2022 Results on May 13, 2022 Chugai Ro Co., Ltd. announced that they will report fiscal year 2022 results on May 13, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥60.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 24 June 2022. Payout ratio is a comfortable 54% but the company is paying out more than the cash it is generating. Trailing yield: 3.6%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (2.0%). Reported Earnings • Feb 12
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥15.11 (up from JP¥21.88 loss in 3Q 2021). Revenue: JP¥6.09b (flat on 3Q 2021). Net income: JP¥116.0m (up JP¥284.0m from 3Q 2021). Profit margin: 1.9% (up from net loss in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 39% 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. Reported Earnings • Nov 15
Second quarter 2022 earnings released: EPS JP¥8.99 (vs JP¥33.74 loss in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥5.32b (up 12% from 2Q 2021). Net income: JP¥69.0m (up JP¥328.0m from 2Q 2021). Profit margin: 1.3% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 13
First quarter 2022 earnings released: JP¥42.21 loss per share (vs JP¥30.48 loss in 1Q 2021) The company reported a poor first quarter result with increased losses, weaker revenues and weaker control over costs. First quarter 2022 results: Revenue: JP¥4.51b (down 6.4% from 1Q 2021). Net loss: JP¥324.0m (loss widened 39% from 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Reported Earnings • Jun 30
Full year 2021 earnings released: EPS JP¥42.86 (vs JP¥146 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥24.7b (down 35% from FY 2020). Net income: JP¥329.0m (down 71% from FY 2020). Profit margin: 1.3% (down from 2.9% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Reported Earnings • May 18
Full year 2021 earnings released: EPS JP¥42.85 (vs JP¥146 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥24.7b (down 35% from FY 2020). Net income: JP¥329.0m (down 71% from FY 2020). Profit margin: 1.3% (down from 2.9% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥50.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 25 June 2021. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.1%). Announcement • Mar 17
Chugai Ro Co., Ltd. to Report Fiscal Year 2021 Results on May 14, 2021 Chugai Ro Co., Ltd. announced that they will report fiscal year 2021 results on May 14, 2021 Is New 90 Day High Low • Feb 25
New 90-day high: JP¥1,872 The company is up 13% from its price of JP¥1,657 on 27 November 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 8.0% over the same period. Reported Earnings • Feb 14
Third quarter 2021 earnings released: JP¥21.88 loss per share (vs JP¥25.14 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¥6.07b (down 28% from 3Q 2020). Net loss: JP¥168.0m (down 187% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Dec 07
New 90-day high: JP¥1,693 The company is up 14% from its price of JP¥1,486 on 08 September 2020. The Japanese market is up 10.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Machinery industry, which is up 16% over the same period. Announcement • Sep 21
Chugai Ro Co., Ltd.(TSE:1964) dropped from S&P Global BMI Index Chugai Ro Co., Ltd.(TSE:1964) dropped from S&P Global BMI Index Announcement • Jul 05
Chugai Ro Co., Ltd. to Report Q1, 2021 Results on Aug 07, 2020 Chugai Ro Co., Ltd. announced that they will report Q1, 2021 results on Aug 07, 2020