Reported Earnings • Jun 14
Full year 2026 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2026 results: EPS: JP¥130 (up from JP¥93.65 in FY 2025). Revenue: JP¥2.04t (up 4.2% from FY 2025). Net income: JP¥23.3b (up 39% from FY 2025). Profit margin: 1.1% (up from 0.9% in FY 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) missed analyst estimates by 39%. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Price Target Changed • Jun 01
Price target decreased by 8.7% to JP¥2,573 Down from JP¥2,819, the current price target is an average from 7 analysts. New target price is 16% above last closing price of JP¥2,209. Stock is up 8.8% over the past year. The company is forecast to post earnings per share of JP¥278 for next year compared to JP¥130 last year. Announcement • Apr 29
Toyota Boshoku Corporation, Annual General Meeting, Jun 12, 2026 Toyota Boshoku Corporation, Annual General Meeting, Jun 12, 2026. Reported Earnings • Apr 29
Full year 2026 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2026 results: EPS: JP¥130 (up from JP¥93.65 in FY 2025). Revenue: JP¥2.04t (up 4.2% from FY 2025). Net income: JP¥23.3b (up 39% from FY 2025). Profit margin: 1.1% (up from 0.9% in FY 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) missed analyst estimates by 39%. Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Announcement • Apr 21
Toyota Boshoku Corporation to Report Fiscal Year 2026 Results on Apr 28, 2026 Toyota Boshoku Corporation announced that they will report fiscal year 2026 results on Apr 28, 2026 Major Estimate Revision • Apr 21
Consensus EPS estimates fall by 10% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from JP¥237 to JP¥213 per share. Revenue forecast steady at JP¥2.01t. Net income forecast to grow 177% next year vs 9.3% growth forecast for Auto Components industry in Japan. Consensus price target down from JP¥2,819 to JP¥2,673. Share price was steady at JP¥2,466 over the past week. Board Change • Apr 16
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Outside Director Yasuhiko Yamazaki was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥43.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 26 May 2026. Payout ratio is on the higher end at 90%, however this is supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.8%). Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥3,132, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Auto Components industry in Japan. Total returns to shareholders of 72% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥4,321 per share. Reported Earnings • Feb 05
Third quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2026 results: EPS: JP¥62.75 (down from JP¥82.75 in 3Q 2025). Revenue: JP¥534.0b (up 7.1% from 3Q 2025). Net income: JP¥11.2b (down 24% from 3Q 2025). Profit margin: 2.1% (down from 3.0% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 5.4%. Earnings per share (EPS) missed analyst estimates by 11%. Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Announcement • Dec 02
Toyota Boshoku Corporation to Report Q3, 2026 Results on Feb 03, 2026 Toyota Boshoku Corporation announced that they will report Q3, 2026 results on Feb 03, 2026 Declared Dividend • Nov 27
First half dividend of JP¥43.00 announced Dividend of JP¥43.00 is the same as last year. Ex-date: 30th March 2026 Payment date: 26th May 2026 Dividend yield will be 3.6%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by both earnings (74% earnings payout ratio) and cash flows (27% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 124% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • Nov 15
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 36% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.0% net profit margin). Reported Earnings • Nov 01
Second quarter 2026 earnings: EPS misses analyst expectations Second quarter 2026 results: EPS: JP¥37.08 (up from JP¥26.95 in 2Q 2025). Revenue: JP¥492.6b (up 7.0% from 2Q 2025). Net income: JP¥6.62b (up 38% from 2Q 2025). Profit margin: 1.3% (up from 1.0% in 2Q 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 42%. Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 6% per year. Announcement • Sep 27
Toyota Boshoku Corporation to Report Q2, 2026 Results on Oct 31, 2025 Toyota Boshoku Corporation announced that they will report Q2, 2026 results on Oct 31, 2025 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥43.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 26 November 2025. Payout ratio is on the higher end at 82%, however this is supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (3.0%). Reported Earnings • Aug 01
First quarter 2026 earnings: EPS exceeds analyst expectations First quarter 2026 results: EPS: JP¥60.48 (up from JP¥48.73 in 1Q 2025). Revenue: JP¥479.7b (down 1.7% from 1Q 2025). Net income: JP¥10.8b (up 24% from 1Q 2025). Profit margin: 2.3% (up from 1.8% in 1Q 2025). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 15%. Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Declared Dividend • Jul 09
Final dividend of JP¥43.00 announced Dividend of JP¥43.00 is the same as last year. Ex-date: 29th September 2025 Payment date: 26th November 2025 Dividend yield will be 4.2%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is not adequately covered by earnings (92% earnings payout ratio). However, it is well covered by cash flows (35% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 2.0% to bring the payout ratio under control. EPS is expected to grow by 111% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Announcement • Jun 27
Toyota Boshoku Corporation to Report Q1, 2026 Results on Jul 31, 2025 Toyota Boshoku Corporation announced that they will report Q1, 2026 results on Jul 31, 2025 New Risk • Jun 19
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 39% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.9% net profit margin). Reported Earnings • Apr 26
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: EPS: JP¥93.65 (down from JP¥312 in FY 2024). Revenue: JP¥1.95t (flat on FY 2024). Net income: JP¥16.7b (down 71% from FY 2024). Profit margin: 0.9% (down from 3.0% in FY 2024). Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) missed analyst estimates by 60%. Revenue is forecast to grow 3.1% p.a. on average during the next 2 years, compared to a 3.1% growth forecast for the Auto Components 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 1% per year, which means it is significantly lagging earnings. Announcement • Mar 27
Toyota Boshoku Corporation to Report Fiscal Year 2025 Results on Apr 25, 2025 Toyota Boshoku Corporation announced that they will report fiscal year 2025 results on Apr 25, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥43.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 27 May 2025. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 4.1%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (3.3%). Reported Earnings • Feb 01
Third quarter 2025 earnings: EPS and revenues exceed analyst expectations Third quarter 2025 results: EPS: JP¥82.75 (up from JP¥70.45 in 3Q 2024). Revenue: JP¥498.5b (down 1.7% from 3Q 2024). Net income: JP¥14.8b (up 12% from 3Q 2024). Profit margin: 3.0% (up from 2.6% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 5.3%. Earnings per share (EPS) also surpassed analyst estimates by 133%. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Dec 05
Toyota Boshoku Corporation to Report Q3, 2025 Results on Jan 31, 2025 Toyota Boshoku Corporation announced that they will report Q3, 2025 results on Jan 31, 2025 Declared Dividend • Nov 27
First half dividend of JP¥43.00 announced Dividend of JP¥43.00 is the same as last year. Ex-date: 28th March 2025 Payment date: 27th May 2025 Dividend yield will be 4.5%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (37% earnings payout ratio) and cash flows (22% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 44% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 02
Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2025 results: EPS: JP¥26.95 (down from JP¥88.00 in 2Q 2024). Revenue: JP¥460.2b (down 5.8% from 2Q 2024). Net income: JP¥4.81b (down 71% from 2Q 2024). Profit margin: 1.0% (down from 3.4% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) missed analyst estimates by 45%. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Auto Components industry in Japan. 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 4% per year, which means it is significantly lagging earnings. Announcement • Oct 31
Toyota Boshoku Corporation Announces Interim Dividend for the Fiscal Year Ending March 2025, Payable on November 26, 2024 Toyota Boshoku Corporation announced that Board of Directors meeting held on October 31, 2024, declared interim dividend for the fiscal year ending March 2025 of JPY 43 per share against JPY 43 per share paid a year ago. Date of record is September 30, 2024. Effective date is November 26, 2024. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥43.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 27 November 2024. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 4.6%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (3.5%). Announcement • Aug 28
Toyota Boshoku Corporation to Report Q2, 2025 Results on Oct 31, 2024 Toyota Boshoku Corporation announced that they will report Q2, 2025 results on Oct 31, 2024 Reported Earnings • Aug 02
First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2025 results: EPS: JP¥48.73 (down from JP¥66.93 in 1Q 2024). Revenue: JP¥488.0b (up 2.6% from 1Q 2024). Net income: JP¥8.70b (down 31% from 1Q 2024). Profit margin: 1.8% (down from 2.6% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) missed analyst estimates by 15%. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 4% per year. Declared Dividend • Jul 11
Final dividend of JP¥43.00 announced Shareholders will receive a dividend of JP¥43.00. Ex-date: 27th September 2024 Payment date: 27th November 2024 Dividend yield will be 4.0%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (30% earnings payout ratio) and cash flows (15% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 5.4% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • Jul 09
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.1% 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 0.1% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Buy Or Sell Opportunity • Jul 05
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 14% to JP¥2,147. The fair value is estimated to be JP¥2,690, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has declined by 2.7%. For the next 3 years, revenue is forecast to grow by 2.7% per annum. Earnings are also forecast to grow by 0.7% per annum over the same time period. Price Target Changed • Jun 27
Price target decreased by 8.8% to JP¥2,500 Down from JP¥2,740, the current price target is an average from 5 analysts. New target price is 17% above last closing price of JP¥2,138. Stock is down 17% over the past year. The company is forecast to post earnings per share of JP¥274 for next year compared to JP¥312 last year. Reported Earnings • Jun 25
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: JP¥312 (up from JP¥78.57 in FY 2023). Revenue: JP¥1.95t (up 22% from FY 2023). Net income: JP¥57.9b (up 294% from FY 2023). Profit margin: 3.0% (up from 0.9% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.0%. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 2% per year. Announcement • Jun 08
Toyota Boshoku Corporation to Report Q1, 2025 Results on Jul 31, 2024 Toyota Boshoku Corporation announced that they will report Q1, 2025 results on Jul 31, 2024 Reported Earnings • Apr 28
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: JP¥312 (up from JP¥78.57 in FY 2023). Revenue: JP¥1.95t (up 22% from FY 2023). Net income: JP¥57.9b (up 294% from FY 2023). Profit margin: 3.0% (up from 0.9% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.0%. Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Major Estimate Revision • Apr 27
Consensus EPS estimates fall by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from JP¥2.01t to JP¥1.97t. EPS estimate also fell from JP¥305 per share to JP¥270 per share. Net income forecast to grow 9.7% next year vs 8.7% growth forecast for Auto Components industry in Japan. Consensus price target broadly unchanged at JP¥2,740. Share price fell 4.6% to JP¥2,304 over the past week. Announcement • Apr 27
Toyota Boshoku Corporation Announces Dividend for the Fiscal Year Ended March 31, 2024, Payable on May 27, 2024 Toyota Boshoku Corporation hereby announced that its board of directors meeting held on April 26, 2024, passed resolutions to pay the dividend of JPY 43 per share for the fiscal year ended March 31, 2024 against JPY 35 per share paid a year ago. Date of record is March 31, 2024. Effective date is May 27, 2024. Announcement • Mar 28
Toyota Boshoku Corporation to Report Fiscal Year 2024 Results on Apr 26, 2024 Toyota Boshoku Corporation announced that they will report fiscal year 2024 results on Apr 26, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥43.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 27 May 2024. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 3.4%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (2.6%). Buy Or Sell Opportunity • Mar 07
Now 24% undervalued Over the last 90 days, the stock has risen 1.3% to JP¥2,399. The fair value is estimated to be JP¥3,152, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has declined by 4.8%. Revenue is forecast to grow by 7.9% in 2 years. Earnings are forecast to grow by 22% in the next 2 years. Announcement • Feb 05
Toyota Boshoku Corporation (TSE:3116) announces an Equity Buyback for 8,500,000 shares, representing 4.53% for ¥20,000 million. Toyota Boshoku Corporation (TSE:3116) announces a share repurchase program. Under the program, the company will repurchase up to 8,500,000 shares, representing 4.53% of its issued share capital, for ¥20,000 million. The purpose of the program is to enhance shareholder returns and improve capital efficiency. The program will be valid till February 29, 2024. As of September 30, 2023, the company has 187,665,738 issued shares (excluding treasury stock) and 765,282 treasury shares. Reported Earnings • Feb 04
Third quarter 2024 earnings: EPS misses analyst expectations Third quarter 2024 results: EPS: JP¥70.45 (up from JP¥36.15 in 3Q 2023). Revenue: JP¥507.1b (up 25% from 3Q 2023). Net income: JP¥13.2b (up 95% from 3Q 2023). Profit margin: 2.6% (up from 1.7% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 7.6%. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Announcement • Feb 02
Toyota Boshoku Corporation Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2024 Toyota Boshoku Corporation provided consolidated earnings guidance for the fiscal year ending March 31, 2024. For the period, the company expected net sales of JPY 1,970,000 million, operating profit of JPY 93,000 million, profit attributable to owners of parent of JPY 59,000 million and earnings per share of JPY 315.76. Announcement • Nov 30
Toyota Boshoku Corporation to Report Q3, 2024 Results on Feb 02, 2024 Toyota Boshoku Corporation announced that they will report Q3, 2024 results on Feb 02, 2024 Reported Earnings • Nov 02
Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2024 results: EPS: JP¥88.00 (up from JP¥18.17 in 2Q 2023). Revenue: JP¥488.6b (up 19% from 2Q 2023). Net income: JP¥16.4b (up 385% from 2Q 2023). Profit margin: 3.4% (up from 0.8% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.0%. Earnings per share (EPS) missed analyst estimates by 1.3%. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 31
Toyota Boshoku Corporation Announces Interim Dividend for the Fiscal Year Ending March 31, 2024, Payable on November 27, 2023; Provides Dividend Guidance for the Year Ending March 31, 2024 Toyota Boshoku Corporation announced an interim dividend of JPY 43 per share for the fiscal year ending March 31, 2024 against JPY 35 per share paid a year ago. Effective date is November 27, 2023. Record date is September 30, 2023.For the year ending March 31, 2024, the company expects to pay a dividend of JPY 43 per share as compared to previous forecast of JPY 35 per share. Announcement • Sep 24
Toyota Boshoku Corporation to Report Q2, 2024 Results on Oct 31, 2023 Toyota Boshoku Corporation announced that they will report Q2, 2024 results on Oct 31, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of JP¥35.00 per share at 2.4% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 27 November 2023. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.3%). In line with average of industry peers (2.5%). Buying Opportunity • Aug 03
Now 21% undervalued Over the last 90 days, the stock is up 22%. The fair value is estimated to be JP¥3,255, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 8.8% in 2 years. Earnings is forecast to grow by 89% in the next 2 years. Reported Earnings • Jul 29
First quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2024 results: EPS: JP¥66.93 (up from JP¥7.38 loss in 1Q 2023). Revenue: JP¥475.5b (up 36% from 1Q 2023). Net income: JP¥12.5b (up JP¥13.9b from 1Q 2023). Profit margin: 2.6% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 5.4%. Earnings per share (EPS) missed analyst estimates by 7.8%. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Jul 06
Price target increased by 7.4% to JP¥2,650 Up from JP¥2,467, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of JP¥2,638. Stock is up 33% over the past year. The company is forecast to post earnings per share of JP¥255 for next year compared to JP¥78.57 last year. Announcement • Jun 26
Toyota Boshoku Corporation to Report Q1, 2024 Results on Jul 28, 2023 Toyota Boshoku Corporation announced that they will report Q1, 2024 results on Jul 28, 2023 Reported Earnings • Jun 24
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: JP¥78.57 (down from JP¥210 in FY 2022). Revenue: JP¥1.60t (up 13% from FY 2022). Net income: JP¥14.7b (down 63% from FY 2022). Profit margin: 0.9% (down from 2.8% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) missed analyst estimates by 38%. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Buying Opportunity • Jun 07
Now 21% undervalued Over the last 90 days, the stock is up 8.9%. The fair value is estimated to be JP¥2,998, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.1% over the last 3 years. Earnings per share has grown by 13%. For the next 3 years, revenue is forecast to grow by 5.6% per annum. Earnings is also forecast to grow by 35% per annum over the same time period. Buying Opportunity • May 23
Now 21% undervalued Over the last 90 days, the stock is up 7.8%. The fair value is estimated to be JP¥2,839, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.1% over the last 3 years. Earnings per share has grown by 13%. For the next 3 years, revenue is forecast to grow by 4.5% per annum. Earnings is also forecast to grow by 41% per annum over the same time period. Reported Earnings • Apr 29
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: JP¥78.57 (down from JP¥210 in FY 2022). Revenue: JP¥1.60t (up 13% from FY 2022). Net income: JP¥14.7b (down 63% from FY 2022). Profit margin: 0.9% (down from 2.8% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) missed analyst estimates by 38%. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 18% per year. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥35.00 per share at 3.4% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 30 May 2023. Payout ratio is a comfortable 53% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (3.2%). Buying Opportunity • Mar 13
Now 23% undervalued Over the last 90 days, the stock is up 14%. The fair value is estimated to be JP¥2,690, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.4% over the last 3 years. Earnings per share has grown by 20%. Revenue is forecast to grow by 13% in 2 years. Earnings is forecast to grow by 114% in the next 2 years. Reported Earnings • Feb 04
Third quarter 2023 earnings: EPS and revenues miss analyst expectations Third quarter 2023 results: EPS: JP¥36.15 (down from JP¥55.36 in 3Q 2022). Revenue: JP¥407.4b (up 6.4% from 3Q 2022). Net income: JP¥6.75b (down 35% from 3Q 2022). Profit margin: 1.7% (down from 2.7% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) also missed analyst estimates by 38%. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Jan 11
Consensus forecasts updated The consensus outlook for 2023 has been updated. 2023 EPS estimate fell from JP¥155 to JP¥135 per share. Revenue forecast steady at JP¥1.59t. Net income forecast to grow 32% next year vs 19% growth forecast for Auto Components industry in Japan. Consensus price target broadly unchanged at JP¥2,317. Share price rose 3.4% to JP¥1,800 over the past week. Announcement • Dec 29
Toyota Boshoku Corporation to Report Q3, 2023 Results on Feb 03, 2023 Toyota Boshoku Corporation announced that they will report Q3, 2023 results on Feb 03, 2023 Major Estimate Revision • Nov 24
Consensus forecasts updated The consensus outlook for 2023 has been updated. 2023 EPS estimate fell from JP¥183 to JP¥158 per share. Revenue forecast steady at JP¥1.60t. Net income forecast to grow 48% next year vs 24% growth forecast for Auto Components industry in Japan. Consensus price target broadly unchanged at JP¥2,360. Share price was steady at JP¥1,970 over the past week. 
