Reported Earnings • May 20
Full year 2026 earnings released: EPS: JP¥91.21 (vs JP¥52.80 in FY 2025) Full year 2026 results: EPS: JP¥91.21 (up from JP¥52.80 in FY 2025). Revenue: JP¥68.3b (up 3.0% from FY 2025). Net income: JP¥2.98b (up 72% from FY 2025). Profit margin: 4.4% (up from 2.6% in FY 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • May 15
LEC, Inc., Annual General Meeting, Jun 25, 2026 LEC, Inc., Annual General Meeting, Jun 25, 2026. Buy Or Sell Opportunity • May 14
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.2% to JP¥1,033. The fair value is estimated to be JP¥1,310, 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 46%. Announcement • May 10
LEC, Inc. to Report Fiscal Year 2026 Results on May 15, 2026 LEC, Inc. announced that they will report fiscal year 2026 results on May 15, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥17.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 08 June 2026. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%). New Risk • Feb 19
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 5.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 22% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.4% average weekly change). Reported Earnings • Feb 15
Third quarter 2026 earnings released: EPS: JP¥32.60 (vs JP¥17.14 in 3Q 2025) Third quarter 2026 results: EPS: JP¥32.60 (up from JP¥17.14 in 3Q 2025). Revenue: JP¥18.5b (up 2.9% from 3Q 2025). Net income: JP¥1.07b (up 99% from 3Q 2025). Profit margin: 5.8% (up from 3.0% in 3Q 2025). 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 4% per year, which means it is significantly lagging earnings growth. Announcement • Dec 27
LEC, Inc. to Report Q3, 2026 Results on Feb 13, 2026 LEC, Inc. announced that they will report Q3, 2026 results on Feb 13, 2026 Declared Dividend • Dec 11
First half dividend of JP¥10.00 announced Dividend of JP¥10.00 is the same as last year. Ex-date: 30th March 2026 Payment date: 8th June 2026 Dividend yield will be 1.9%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is well covered by both earnings (15% earnings payout ratio) and cash flows (15% cash payout ratio). The dividend has increased by an average of 7.2% 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 decline by 83% to shift the payout ratio to a potentially unsustainable range, which is more than the 4.8% EPS decline seen over the last 5 years. Reported Earnings • Nov 18
Second quarter 2026 earnings released: EPS: JP¥25.07 (vs JP¥9.24 in 2Q 2025) Second quarter 2026 results: EPS: JP¥25.07 (up from JP¥9.24 in 2Q 2025). Revenue: JP¥17.1b (up 3.2% from 2Q 2025). Net income: JP¥818.0m (up 164% from 2Q 2025). Profit margin: 4.8% (up from 1.9% in 2Q 2025). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Oct 03
LEC, Inc. to Report Q2, 2026 Results on Nov 14, 2025 LEC, Inc. announced that they will report Q2, 2026 results on Nov 14, 2025 New Risk • Oct 01
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.8% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 28% per year over the past 5 years. 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. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 10 December 2025. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.4%). Reported Earnings • Aug 10
First quarter 2026 earnings released: EPS: JP¥20.61 (vs JP¥23.27 in 1Q 2025) First quarter 2026 results: EPS: JP¥20.61 (down from JP¥23.27 in 1Q 2025). Revenue: JP¥17.3b (up 7.6% from 1Q 2025). Net income: JP¥670.0m (down 17% from 1Q 2025). Profit margin: 3.9% (down from 5.0% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Declared Dividend • Jul 09
Final dividend of JP¥10.00 announced Dividend of JP¥10.00 is the same as last year. Ex-date: 29th September 2025 Payment date: 10th December 2025 Dividend yield will be 1.7%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is well covered by both earnings (47% earnings payout ratio) and cash flows (24% cash payout ratio). The dividend has increased by an average of 7.2% 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 decline by 48% to shift the payout ratio to a potentially unsustainable range, which is more than the 5.7% EPS decline seen over the last 5 years. Announcement • Jun 07
LEC, Inc. to Report Q1, 2026 Results on Aug 08, 2025 LEC, Inc. announced that they will report Q1, 2026 results on Aug 08, 2025 Reported Earnings • May 21
Full year 2025 earnings released: EPS: JP¥52.80 (vs JP¥22.88 in FY 2024) Full year 2025 results: EPS: JP¥52.80 (up from JP¥22.88 in FY 2024). Revenue: JP¥66.3b (up 9.1% from FY 2024). Net income: JP¥1.73b (up 117% from FY 2024). Profit margin: 2.6% (up from 1.3% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Announcement • May 15
LEC, Inc., Annual General Meeting, Jun 26, 2025 LEC, Inc., Annual General Meeting, Jun 26, 2025. New Risk • May 12
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 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (15% operating cash flow to total debt). Earnings have declined by 28% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (7.3% average weekly change). Valuation Update With 7 Day Price Move • Apr 22
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥1,420, the stock trades at a trailing P/E ratio of 31.1x. Average trailing P/E is 11x in the Consumer Durables industry in Japan. Total returns to shareholders of 75% over the past three years. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥1,007, the stock trades at a trailing P/E ratio of 22x. Average trailing P/E is 11x in the Consumer Durables industry in Japan. Total returns to shareholders of 25% over the past three years. New Risk • Apr 07
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.0% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (15% operating cash flow to total debt). Earnings have declined by 28% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 06 June 2025. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (1.5%). Announcement • Feb 28
LEC, Inc. to Report Fiscal Year 2025 Results on May 15, 2025 LEC, Inc. announced that they will report fiscal year 2025 results on May 15, 2025 Reported Earnings • Feb 08
Third quarter 2025 earnings released: EPS: JP¥17.14 (vs JP¥15.77 in 3Q 2024) Third quarter 2025 results: EPS: JP¥17.14. Revenue: JP¥18.0b (up 7.5% from 3Q 2024). Net income: JP¥535.0m (down 2.7% from 3Q 2024). Profit margin: 3.0% (down from 3.3% in 3Q 2024). The decrease in margin was driven by higher expenses. Reported Earnings • Nov 09
Second quarter 2025 earnings released: EPS: JP¥9.24 (vs JP¥3.17 in 2Q 2024) Second quarter 2025 results: EPS: JP¥9.24 (up from JP¥3.17 in 2Q 2024). Revenue: JP¥16.6b (up 12% from 2Q 2024). Net income: JP¥310.0m (up 182% from 2Q 2024). Profit margin: 1.9% (up from 0.7% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. New Risk • Nov 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 5.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 27% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (5.9% average weekly change). Announcement • Oct 12
LEC, Inc. to Report Q3, 2025 Results on Feb 07, 2025 LEC, Inc. announced that they will report Q3, 2025 results on Feb 07, 2025 Upcoming Dividend • Sep 20
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 09 December 2024. Payout ratio is a comfortable 56% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (1.8%). Announcement • Aug 30
LEC, Inc. (TSE:7874) announces an Equity Buyback for 3,800,000 shares, for ¥4,905.8 million. LEC, Inc. (TSE:7874) announces a share repurchase program. Under the program, the company will repurchase 3,800,000 shares, representing 10.64% of the outstanding shares for ¥4,905.8 million. The shares will be repurchased at ¥1,291 per share. The purpose of the program is to implement flexible capital policies in response to changes in the business environment and improve capital efficiency. As of June 30, 2024, the company had 35,703,248 shares outstanding and 2,462,092 shares in treasury. Reported Earnings • Aug 14
First quarter 2025 earnings released: EPS: JP¥23.27 (vs JP¥10.50 in 1Q 2024) First quarter 2025 results: EPS: JP¥23.27 (up from JP¥10.50 in 1Q 2024). Revenue: JP¥16.1b (up 8.4% from 1Q 2024). Net income: JP¥811.0m (up 123% from 1Q 2024). Profit margin: 5.0% (up from 2.4% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • Aug 13
Now 26% overvalued after recent price rise Over the last 90 days, the stock has risen 8.5% to JP¥1,313. The fair value is estimated to be JP¥1,045, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.3% over the last 3 years. Earnings per share has declined by 68%. Announcement • May 25
LEC, Inc. to Report Q2, 2025 Results on Nov 08, 2024 LEC, Inc. announced that they will report Q2, 2025 results on Nov 08, 2024 Reported Earnings • May 13
Full year 2024 earnings released: EPS: JP¥22.88 (vs JP¥27.23 in FY 2023) Full year 2024 results: EPS: JP¥22.88 (down from JP¥27.23 in FY 2023). Revenue: JP¥60.8b (up 9.6% from FY 2023). Net income: JP¥796.0m (down 16% from FY 2023). Profit margin: 1.3% (down from 1.7% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance. Announcement • May 12
LEC, Inc., Annual General Meeting, Jun 26, 2024 LEC, Inc., Annual General Meeting, Jun 26, 2024. Announcement • Apr 22
LEC, Inc. to Report Q1, 2025 Results on Aug 09, 2024 LEC, Inc. announced that they will report Q1, 2025 results on Aug 09, 2024 Announcement • Apr 05
LEC, Inc. to Report Fiscal Year 2024 Results on May 10, 2024 LEC, Inc. announced that they will report fiscal year 2024 results on May 10, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 10 June 2024. Payout ratio is on the higher end at 97%, and the cash payout ratio is above 100%. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.2%). In line with average of industry peers (1.6%). Reported Earnings • Feb 10
Third quarter 2024 earnings released: EPS: JP¥15.77 (vs JP¥1.24 loss in 3Q 2023) Third quarter 2024 results: EPS: JP¥15.77 (up from JP¥1.24 loss in 3Q 2023). Revenue: JP¥16.7b (up 11% from 3Q 2023). Net income: JP¥550.0m (up JP¥593.0m from 3Q 2023). Profit margin: 3.3% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 54 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 11
Second quarter 2024 earnings released: EPS: JP¥3.17 (vs JP¥9.44 in 2Q 2023) Second quarter 2024 results: EPS: JP¥3.17 (down from JP¥9.44 in 2Q 2023). Revenue: JP¥14.8b (up 10% from 2Q 2023). Net income: JP¥110.0m (down 66% from 2Q 2023). Profit margin: 0.7% (down from 2.4% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 52% 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 • Sep 21
Upcoming dividend of JP¥10.00 per share at 2.2% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 05 December 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.6%). Reported Earnings • Aug 14
First quarter 2024 earnings released: EPS: JP¥10.50 (vs JP¥27.96 in 1Q 2023) First quarter 2024 results: EPS: JP¥10.50 (down from JP¥27.96 in 1Q 2023). Revenue: JP¥14.9b (up 11% from 1Q 2023). Net income: JP¥364.0m (down 62% from 1Q 2023). Profit margin: 2.4% (down from 7.2% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Announcement • Jun 30
LEC, Inc. to Report Q1, 2024 Results on Aug 10, 2023 LEC, Inc. announced that they will report Q1, 2024 results on Aug 10, 2023 Announcement • May 17
LEC, Inc., Annual General Meeting, Jun 28, 2023 LEC, Inc., Annual General Meeting, Jun 28, 2023. Reported Earnings • May 16
Full year 2023 earnings released: EPS: JP¥27.23 (vs JP¥66.36 in FY 2022) Full year 2023 results: EPS: JP¥27.23 (down from JP¥66.36 in FY 2022). Revenue: JP¥55.5b (up 7.9% from FY 2022). Net income: JP¥942.0m (down 59% from FY 2022). Profit margin: 1.7% (down from 4.4% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 22% per year whereas the company’s share price has fallen by 17% per year. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥10.00 per share at 2.3% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 08 June 2023. Payout ratio is a comfortable 31% but the company is paying out more than the cash it is generating. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.8%). Reported Earnings • Feb 12
Third quarter 2023 earnings released: JP¥1.24 loss per share (vs JP¥16.04 profit in 3Q 2022) Third quarter 2023 results: JP¥1.24 loss per share (down from JP¥16.04 profit in 3Q 2022). Revenue: JP¥15.1b (up 13% from 3Q 2022). Net loss: JP¥43.0m (down 108% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 12% 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. Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: JP¥9.44 (vs JP¥22.46 in 2Q 2022) Second quarter 2023 results: EPS: JP¥9.44 (down from JP¥22.46 in 2Q 2022). Revenue: JP¥13.5b (up 6.7% from 2Q 2022). Net income: JP¥326.0m (down 58% from 2Q 2022). Profit margin: 2.4% (down from 6.1% in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings. Reported Earnings • Nov 13
Second quarter 2023 earnings released: EPS: JP¥9.44 (vs JP¥22.46 in 2Q 2022) Second quarter 2023 results: EPS: JP¥9.44 (down from JP¥22.46 in 2Q 2022). Revenue: JP¥13.5b (up 6.7% from 2Q 2022). Net income: JP¥326.0m (down 58% from 2Q 2022). Profit margin: 2.4% (down from 6.1% in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 12% per year, which means it is performing significantly worse than earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 02 December 2022. Payout ratio is a comfortable 41% but the company is not cash flow positive. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.9%). Upcoming Dividend • Sep 22
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 02 December 2022. Payout ratio is a comfortable 41% but the company is not cash flow positive. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.9%). Reported Earnings • Aug 07
First quarter 2023 earnings released: EPS: JP¥27.96 (vs JP¥21.68 in 1Q 2022) First quarter 2023 results: EPS: JP¥27.96 (up from JP¥21.68 in 1Q 2022). Revenue: JP¥13.4b (flat on 1Q 2022). Net income: JP¥964.0m (up 30% from 1Q 2022). Profit margin: 7.2% (up from 5.6% in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Announcement • May 18
LEC, Inc., Annual General Meeting, Jun 28, 2022 LEC, Inc., Annual General Meeting, Jun 28, 2022. Reported Earnings • May 17
Full year 2022 earnings released: EPS: JP¥66.36 (vs JP¥122 in FY 2021) Full year 2022 results: EPS: JP¥66.36 (down from JP¥122 in FY 2021). Revenue: JP¥51.4b (up 3.5% from FY 2021). Net income: JP¥2.28b (down 45% from FY 2021). Profit margin: 4.4% (down from 8.4% in FY 2021). The decrease in margin was driven by higher expenses. 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 17% per year, which means it is significantly lagging earnings. Announcement • Apr 08
LEC, Inc. to Report Fiscal Year 2022 Results on May 13, 2022 LEC, Inc. announced that they will report fiscal year 2022 results on May 13, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥17.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 08 June 2022. Payout ratio is a comfortable 40% but the company is not cash flow positive. Trailing yield: 3.7%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.6%). Reported Earnings • Feb 07
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥16.04 (down from JP¥40.51 in 3Q 2021). Revenue: JP¥13.4b (up 3.4% from 3Q 2021). Net income: JP¥553.0m (down 60% from 3Q 2021). Profit margin: 4.1% (down from 11% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. 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 15% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 07
Second quarter 2022 earnings released: EPS JP¥22.46 (vs JP¥20.93 in 2Q 2021) The company reported a solid second quarter result with improved earnings and profit margins, although revenues were flat. Second quarter 2022 results: Revenue: JP¥12.6b (flat on 2Q 2021). Net income: JP¥772.0m (up 8.1% from 2Q 2021). Profit margin: 6.1% (up from 5.7% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥17.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 02 December 2021. Trailing yield: 3.1%. Within top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (1.4%). Reported Earnings • Aug 09
First quarter 2022 earnings released: EPS JP¥21.68 (vs JP¥34.96 in 1Q 2021) The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2022 results: Revenue: JP¥13.3b (up 2.1% from 1Q 2021). Net income: JP¥742.0m (down 38% from 1Q 2021). Profit margin: 5.6% (down from 9.2% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Reported Earnings • May 16
Full year 2021 earnings released: EPS JP¥122 (vs JP¥71.36 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥49.7b (up 3.1% from FY 2020). Net income: JP¥4.17b (up 66% from FY 2020). Profit margin: 8.4% (up from 5.2% in FY 2020). 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 19% per year, which means it is significantly lagging earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥17.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 05 June 2021. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.3%). Is New 90 Day High Low • Feb 26
New 90-day low: JP¥1,282 The company is down 18% from its price of JP¥1,559 on 27 November 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 16% over the same period. Reported Earnings • Feb 07
Third quarter 2021 earnings released: EPS JP¥40.51 (vs JP¥19.32 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥12.9b (up 4.0% from 3Q 2020). Net income: JP¥1.39b (up 103% from 3Q 2020). Profit margin: 11% (up from 5.5% in 3Q 2020). The increase in margin was primarily driven by higher revenue. 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 1% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Dec 30
New 90-day low: JP¥1,296 The company is down 23% from its price of JP¥1,677 on 30 September 2020. The Japanese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 23% over the same period. Is New 90 Day High Low • Dec 12
New 90-day low: JP¥1,450 The company is down 11% from its price of JP¥1,625 on 11 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 14% over the same period. Announcement • Jul 18
Ningbo Shinmei Kako Co., Ltd. agreed to acquire Ningbo Rikke Chemical Co., Ltd. from LEC, Inc. (TSE:7874). Ningbo Shinmei Kako Co., Ltd. agreed to acquire Ningbo Rikke Chemical Co., Ltd. from LEC, Inc. (TSE:7874) on July 17, 2020. As a result, Ningbo Rikke Chemical Co., Ltd will not be a subsidiary of LEC, Inc. The transaction is expected to close on September 30, 2020.