Reported Earnings • Jun 14
Second quarter 2026 earnings released: EPS: JP¥49.45 (vs JP¥49.98 in 2Q 2025) Second quarter 2026 results: EPS: JP¥49.45 (down from JP¥49.98 in 2Q 2025). Revenue: JP¥6.39b (up 8.4% from 2Q 2025). Net income: JP¥432.8m (down 1.0% from 2Q 2025). Profit margin: 6.8% (down from 7.4% in 2Q 2025). The decrease in margin was driven by higher expenses. Upcoming Dividend • Apr 21
Upcoming dividend of JP¥55.00 per share Eligible shareholders must have bought the stock before 28 April 2026. Payment date: 01 July 2026. Payout ratio is a comfortable 52% and this is well supported by cash flows. Trailing yield: 4.8%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.3%). Reported Earnings • Mar 14
First quarter 2026 earnings released: EPS: JP¥56.80 (vs JP¥74.50 in 1Q 2025) First quarter 2026 results: EPS: JP¥56.80 (down from JP¥74.50 in 1Q 2025). Revenue: JP¥6.28b (up 6.5% from 1Q 2025). Net income: JP¥497.0m (down 24% from 1Q 2025). Profit margin: 7.9% (down from 11% in 1Q 2025). The decrease in margin was driven by higher expenses. Declared Dividend • Feb 19
Final dividend of JP¥55.00 announced Shareholders will receive a dividend of JP¥55.00. Ex-date: 28th April 2026 Payment date: 1st July 2026 Dividend yield will be 4.8%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is well covered by both earnings (44% earnings payout ratio) and cash flows (48% cash payout ratio). The dividend has increased by an average of 4.4% per year over the past 2 years and payments have been stable during that time. Earnings per share has grown by 13% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Dec 13
Full year 2025 earnings released: EPS: JP¥239 (vs JP¥255 in FY 2024) Full year 2025 results: EPS: JP¥239 (down from JP¥255 in FY 2024). Revenue: JP¥24.2b (up 12% from FY 2024). Net income: JP¥2.09b (down 4.6% from FY 2024). Profit margin: 8.6% (down from 10% in FY 2024). The decrease in margin was driven by higher expenses. Announcement • Dec 12
Nareru Group Inc., Annual General Meeting, Jan 29, 2026 Nareru Group Inc., Annual General Meeting, Jan 29, 2026. Upcoming Dividend • Oct 23
Upcoming dividend of JP¥60.00 per share Eligible shareholders must have bought the stock before 30 October 2025. Payment date: 16 January 2026. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 4.8%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.2%). Announcement • Oct 04
Nareru Group Inc. to Report Fiscal Year 2025 Results on Dec 12, 2025 Nareru Group Inc. announced that they will report fiscal year 2025 results on Dec 12, 2025 Reported Earnings • Sep 13
Third quarter 2025 earnings released: EPS: JP¥58.41 (vs JP¥65.65 in 3Q 2024) Third quarter 2025 results: EPS: JP¥58.41 (down from JP¥65.65 in 3Q 2024). Revenue: JP¥6.14b (up 9.6% from 3Q 2024). Net income: JP¥511.0m (down 9.6% from 3Q 2024). Profit margin: 8.3% (down from 10% in 3Q 2024). The decrease in margin was driven by higher expenses. Announcement • Jul 02
Nareru Group Inc. to Report Q3, 2025 Results on Sep 11, 2025 Nareru Group Inc. announced that they will report Q3, 2025 results on Sep 11, 2025 Declared Dividend • Jul 02
First half dividend of JP¥60.00 announced Shareholders will receive a dividend of JP¥60.00. Ex-date: 30th October 2025 Payment date: 16th January 2026 Dividend yield will be 5.1%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is well covered by both earnings (22% earnings payout ratio) and cash flows (36% cash payout ratio). The dividend has increased by an average of 2.2% per year over the past 2 years and payments have been stable during that time. Earnings per share has grown by 16% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Jun 15
Second quarter 2025 earnings released: EPS: JP¥50.02 (vs JP¥47.57 in 2Q 2024) Second quarter 2025 results: EPS: JP¥50.02 (up from JP¥47.57 in 2Q 2024). Revenue: JP¥5.90b (up 13% from 2Q 2024). Net income: JP¥437.3m (up 7.4% from 2Q 2024). Profit margin: 7.4% (down from 7.8% in 2Q 2024). The decrease in margin was driven by higher expenses. Announcement • Jun 14
Nareru Group Inc. Announces Dividend for the Second Quarter-End of the Fiscal Year Ended October 31, 2025, Payable on July 1, 2025 Nareru Group Inc. announced dividend of JPY 55.00 per share for the Second Quarter-End of the Fiscal Year Ended October 31, 2025, Payable on July 1, 2025. Record date is April 30, 2025. Reason: The Company's basic policy is to pay dividends in a continuous and stable manner by strengthening the earning power to secure the source of dividends, while giving the utmost priority to returning profits to shareholders. In addition, the Company has stipulated in its Articles of Incorporation that it may determine dividends from surplus by a resolution of the Board of Directors. Internal reserves will be used to prepare for future business development and to invest in the Group's growth and improvement of its financial standing through M&A and other means. Based on the above basic policy, and taking into consideration a comprehensive range of factors including business performance trends and financial position, have decided to pay an interim dividend of 55.00 yen per share for the fiscal year ending October 2025. Upcoming Dividend • Apr 21
Upcoming dividend of JP¥55.00 per share Eligible shareholders must have bought the stock before 28 April 2025. Payment date: 01 July 2025. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 5.0%. Within top quartile of Japanese dividend payers (4.0%). Higher than average of industry peers (1.2%). Announcement • Apr 04
Nareru Group Inc. to Report Q2, 2025 Results on Jun 13, 2025 Nareru Group Inc. announced that they will report Q2, 2025 results on Jun 13, 2025 Reported Earnings • Mar 14
First quarter 2025 earnings released: EPS: JP¥74.38 (vs JP¥61.09 in 1Q 2024) First quarter 2025 results: EPS: JP¥74.38 (up from JP¥61.09 in 1Q 2024). Revenue: JP¥5.89b (up 18% from 1Q 2024). Net income: JP¥649.0m (up 26% from 1Q 2024). Profit margin: 11% (in line with 1Q 2024). Declared Dividend • Feb 12
Final dividend of JP¥55.00 announced Shareholders will receive a dividend of JP¥55.00. Ex-date: 28th April 2025 Payment date: 1st July 2025 Dividend yield will be 4.8%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is well covered by both earnings (43% earnings payout ratio) and cash flows (44% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. Earnings per share has grown by 15% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Jan 17
Nareru Group Inc. to Report Q1, 2025 Results on Mar 13, 2025 Nareru Group Inc. announced that they will report Q1, 2025 results on Mar 13, 2025 Reported Earnings • Dec 15
Full year 2024 earnings released: EPS: JP¥255 (vs JP¥210 in FY 2023) Full year 2024 results: EPS: JP¥255 (up from JP¥210 in FY 2023). Revenue: JP¥21.6b (up 20% from FY 2023). Net income: JP¥2.19b (up 26% from FY 2023). Profit margin: 10% (in line with FY 2023). Upcoming Dividend • Oct 23
Upcoming dividend of JP¥60.00 per share Eligible shareholders must have bought the stock before 30 October 2024. Payment date: 31 January 2025. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 5.1%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (0.9%). Announcement • Oct 02
Nareru Group Inc. to Report Fiscal Year 2024 Results on Dec 13, 2024 Nareru Group Inc. announced that they will report fiscal year 2024 results on Dec 13, 2024 Reported Earnings • Sep 13
Third quarter 2024 earnings released: EPS: JP¥65.65 (vs JP¥60.64 in 3Q 2023) Third quarter 2024 results: EPS: JP¥65.65 (up from JP¥60.64 in 3Q 2023). Revenue: JP¥5.60b (up 14% from 3Q 2023). Net income: JP¥565.1m (up 11% from 3Q 2023). Profit margin: 10% (in line with 3Q 2023). New Risk • Aug 05
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 6.4% 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: Minor Risks Short dividend paying track record (1 year of continuous dividend payments). Share price has been volatile over the past 3 months (6.4% average weekly change). Shareholders have been diluted in the past year (2.3% increase in shares outstanding). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to JP¥2,091, the stock trades at a trailing P/E ratio of 9.3x. Average trailing P/E is 16x in the Professional Services industry in Japan. Total loss to shareholders of 11% over the past year. Announcement • Jul 05
Nareru Group Inc. to Report Q3, 2024 Results on Sep 11, 2024 Nareru Group Inc. announced that they will report Q3, 2024 results on Sep 11, 2024 Declared Dividend • Jun 14
First half dividend of JP¥60.00 announced Shareholders will receive a dividend of JP¥60.00. Ex-date: 30th October 2024 Payment date: 31st January 2025 Dividend yield will be 3.7%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is covered by both earnings (42% earnings payout ratio) and cash flows (51% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. Earnings per share has grown by 12% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Jun 14
Second quarter 2024 earnings released: EPS: JP¥47.63 (vs JP¥33.57 in 2Q 2023) Second quarter 2024 results: EPS: JP¥47.63 (up from JP¥33.57 in 2Q 2023). Revenue: JP¥5.22b (up 31% from 2Q 2023). Net income: JP¥407.5m (up 47% from 2Q 2023). Profit margin: 7.8% (up from 7.0% in 2Q 2023). The increase in margin was driven by higher revenue. Announcement • Jun 13
Nareru Group Inc. Announces Dividend for the Second Quarter-End of the Fiscal Year Ended October 31, 2024, Payable on July 1, 2024 Nareru Group Inc. announced dividend of JPY 50.00 per share for the Second Quarter-End of the Fiscal Year Ended October 31, 2024, Payable on July 1, 2024. Announcement • Apr 05
Nareru Group Inc. to Report Q2, 2024 Results on Jun 12, 2024 Nareru Group Inc. announced that they will report Q2, 2024 results on Jun 12, 2024 Reported Earnings • Feb 03
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: JP¥210 (up from JP¥150 in FY 2022). Revenue: JP¥18.0b (up 24% from FY 2022). Net income: JP¥1.74b (up 40% from FY 2022). Profit margin: 9.7% (up from 8.5% in FY 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 8.5%. Earnings per share (EPS) also surpassed analyst estimates by 25%. Announcement • Jan 09
Nareru Group Inc. to Report Q1, 2024 Results on Mar 13, 2024 Nareru Group Inc. announced that they will report Q1, 2024 results on Mar 13, 2024 Announcement • Dec 14
Nareru Group Inc. Provides Consolidated Earnings Forecasts for the Second Quarter and the Fiscal Year Ending October 31, 2024 Nareru Group Inc. provided consolidated earnings forecasts for the second quarter and the fiscal year ending October 31, 2024. For the second quarter, the company expects revenue of JPY 10,160 million, Operating profit of JPY 2,570 million, profit attributable to owners of parent of JPY 690 million, Basic earnings per share of JPY 81.89.For the year, the company expects revenue of JPY 21,830 million, Operating profit of JPY 2770 million, profit attributable to owners of parent of JPY 1,920 million, Basic earnings per share of JPY 227.86. Reported Earnings • Dec 14
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: JP¥210 (up from JP¥150 in FY 2022). Revenue: JP¥18.0b (up 24% from FY 2022). Net income: JP¥1.74b (up 40% from FY 2022). Profit margin: 9.7% (up from 8.5% in FY 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 8.5%. Earnings per share (EPS) also surpassed analyst estimates by 25%. Announcement • Dec 14
Nareru Group Inc., Annual General Meeting, Jan 30, 2024 Nareru Group Inc., Annual General Meeting, Jan 30, 2024. Announcement • Oct 18
Nareru Group Inc. Announces Revision to Consolidated Earnings Forecasts for Fiscal Year Ending October 31, 2023 Nareru Group Inc. announced revision to consolidated earnings forecasts for fiscal year ending October 31 2023. For the year, the company expects revenue of JPY 17,910 million against previous guidance of JPY 17,482 million, Operating profit of JPY 2,400 million against previous guidance of JPY 2,162 million, profit attributable to owners of parent of JPY 1,600 million against previous guidance of JPY 1,485 million, Basic earnings per share of JPY 193.72 against previous guidance of JPY 179.05. Announcement • Oct 06
Nareru Group Inc. to Report Fiscal Year 2023 Results on Dec 13, 2023 Nareru Group Inc. announced that they will report fiscal year 2023 results on Dec 13, 2023 Announcement • Jul 26
Nareru Group Inc. to Report Q3, 2023 Results on Sep 13, 2023 Nareru Group Inc. announced that they will report Q3, 2023 results on Sep 13, 2023 Announcement • Jul 23
Nareru Group Inc. has completed an IPO in the amount of ¥9.366042 billion. Nareru Group Inc. has completed an IPO in the amount of ¥9.366042 billion.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 3,331,800
Price\Range: ¥2690
Discount Per Security: ¥201.75
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 150,000
Price\Range: ¥2690
Discount Per Security: ¥201.75
Transaction Features: Sponsor Backed Offering 
