Valuation Update With 7 Day Price Move • Apr 15
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to JP¥5,420, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 20x in the Hospitality industry in Japan. Total returns to shareholders of 67% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥3,487 per share. Declared Dividend • Apr 10
Dividend of JP¥30.00 announced Dividend of JP¥30.00 is the same as last year. Ex-date: 28th August 2026 Payment date: 27th November 2026 Dividend yield will be 0.5%, which is about the same as the industry average. Payout Ratios Payout ratio: 12%. Cash payout ratio: 15%. Announcement • Apr 02
Saizeriya Co.,Ltd. to Report Q2, 2026 Results on Apr 08, 2026 Saizeriya Co.,Ltd. announced that they will report Q2, 2026 results on Apr 08, 2026 Reported Earnings • Jan 15
First quarter 2026 earnings: EPS and revenues exceed analyst expectations First quarter 2026 results: EPS: JP¥62.94 (up from JP¥47.54 in 1Q 2025). Revenue: JP¥70.3b (up 16% from 1Q 2025). Net income: JP¥3.09b (up 32% from 1Q 2025). Profit margin: 4.4% (up from 3.8% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.1%. Earnings per share (EPS) also surpassed analyst estimates by 9.7%. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Announcement • Jan 15
Saizeriya Co.,Ltd. (TSE:7581) announces an Equity Buyback for 200,000 shares, representing 0.41% for ¥1,000 million. Saizeriya Co.,Ltd. (TSE:7581) announces a share repurchase program. Under the program, the company will repurchase 200,000 shares, representing 0.41% of its share capital, for ¥1,000 million. The company will repurchase its shares in order to implement a flexible capital policy in response to changes in the business environment. The program will run until February 12, 2026. As of December 31, 2025, the company had 49,109,091 shares outstanding (excluding treasury shares) and 3,163,251 shares in treasury. Price Target Changed • Nov 19
Price target increased by 7.5% to JP¥6,510 Up from JP¥6,056, the current price target is an average from 10 analysts. New target price is 26% above last closing price of JP¥5,180. Stock is down 1.5% over the past year. The company is forecast to post earnings per share of JP¥254 for next year compared to JP¥227 last year. Announcement • Nov 04
Saizeriya Co.,Ltd. to Report Q1, 2026 Results on Jan 14, 2026 Saizeriya Co.,Ltd. announced that they will report Q1, 2026 results on Jan 14, 2026 New Risk • Oct 16
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 5.3% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Oct 16
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: JP¥227 (up from JP¥166 in FY 2024). Revenue: JP¥256.7b (up 14% from FY 2024). Net income: JP¥11.2b (up 37% from FY 2024). Profit margin: 4.3% (up from 3.6% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.6%. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Announcement • Oct 15
Saizeriya Co.,Ltd., Annual General Meeting, Nov 26, 2025 Saizeriya Co.,Ltd., Annual General Meeting, Nov 26, 2025. Upcoming Dividend • Aug 21
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 28 August 2025. Payment date: 01 December 2025. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (0.7%). Announcement • Aug 01
Saizeriya Co.,Ltd. to Report Fiscal Year 2025 Results on Oct 15, 2025 Saizeriya Co.,Ltd. announced that they will report fiscal year 2025 results on Oct 15, 2025 Reported Earnings • Jul 11
Third quarter 2025 earnings: EPS and revenues exceed analyst expectations Third quarter 2025 results: EPS: JP¥63.51 (up from JP¥53.50 in 3Q 2024). Revenue: JP¥66.8b (up 14% from 3Q 2024). Net income: JP¥3.12b (up 19% from 3Q 2024). Profit margin: 4.7% (up from 4.5% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Announcement • Jul 09
Saizeriya Co.,Ltd. Revises Dividend Forecast for Fiscal Year Ending August 31, 2025 Saizeriya Co.,Ltd. revised dividend forecast for fiscal year ending August 31, 2025. For the year, the company expected dividend of JPY 30.00 per share as compared to JPY 25.00 per share a year ago. Announcement • Jun 27
Aizeriya Co., Ltd. Announces Personnel Changes AIZERIYA CO., LTD. announced following personnel changes. Effective July 1, 2025, Noboru Nagaoka will assume as Director, Executive Officer, and Manager of Overseas Business Headquarters & (China) SAIZERIYA Restaurant Managing Director from his previous position of Director, Executive Officer Manager of Overseas Business Headquarters. Effective April 1, 2025, Hiroshige Masuda will assume the role of Viet Nam SAIZERIYA Managing Director, transitioning from his previous position as Overseas Business Strategy Department Manager. Effective July 14, 2025, Tetsuya Aoyama will become the General Manager of Fukushima Center, and Yoshinori Anzai will take on the role of Production Logistics Department Manager, moving from his previous position as General Manager of Fukushima Center. Announcement • Apr 26
Saizeriya Co.,Ltd. to Report Q3, 2025 Results on Jul 09, 2025 Saizeriya Co.,Ltd. announced that they will report Q3, 2025 results on Jul 09, 2025 Buy Or Sell Opportunity • Apr 22
Now 21% overvalued Over the last 90 days, the stock has fallen 9.0% to JP¥4,370. The fair value is estimated to be JP¥3,618, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 21%. For the next 3 years, revenue is forecast to grow by 6.9% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Announcement • Apr 11
Saizeriya Co.,Ltd. Revises Consolidated Earnings Forecasts for the Fiscal Year Ending August 31,2025 Saizeriya Co.,Ltd. revised consolidated earnings forecasts for the fiscal year ending August 31,2025. For the period, the company now expects consolidated net sales of JPY 258,700 million, operating income of JPY 15,500 million, net profit attributable to owners of parent JPY 10,300 million and net income per share of JPY 210.15 as compared to previous forecasts of net sales of JPY 253,600 million, operating income of JPY 16,600 million, net profit attributable to owners of parent JPY 10,300 million and net income per share of JPY 210.15. Declared Dividend • Apr 11
Dividend of JP¥25.00 announced Dividend of JP¥25.00 is the same as last year. Ex-date: 28th August 2025 Payment date: 1st December 2025 Dividend yield will be 0.6%, which is about the same as the industry average. Payout Ratios Payout ratio: 12%. Cash payout ratio: 12%. Announcement • Apr 10
Saizeriya Co.,Ltd. Revises Non Consolidated Earnings Forecasts for the Fiscal Year Ending August 31,2025 Saizeriya Co.,Ltd. revised non - consolidated earnings forecasts for the fiscal year ending August 31,2025 . For the period, the company now expects non -consolidated net sales of JPY 168,500 million, net income of JPY 5,200 million and net income per share of JPY 106.10 as compared to the net sales of JPY 160,000 million, net income of 5,500 million and net income per share of JPY 112.22 in the previous forecasts. Reported Earnings • Apr 10
Second quarter 2025 earnings: EPS and revenues exceed analyst expectations Second quarter 2025 results: EPS: JP¥41.01 (up from JP¥3.00 loss in 2Q 2024). Revenue: JP¥60.3b (up 16% from 2Q 2024). Net income: JP¥2.01b (up JP¥2.16b from 2Q 2024). Profit margin: 3.3% (up from net loss in 2Q 2024). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 4.6%. Earnings per share (EPS) also surpassed analyst estimates by 15%. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 19% per year. Buy Or Sell Opportunity • Feb 22
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 16% to JP¥4,400. The fair value is estimated to be JP¥5,530, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 17%. For the next 3 years, revenue is forecast to grow by 6.5% per annum. Earnings are also forecast to grow by 16% per annum over the same time period. Announcement • Feb 04
Saizeriya Co.,Ltd. to Report Q2, 2025 Results on Apr 09, 2025 Saizeriya Co.,Ltd. announced that they will report Q2, 2025 results on Apr 09, 2025 Buy Or Sell Opportunity • Jan 23
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 14% to JP¥4,690. The fair value is estimated to be JP¥5,994, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 17%. For the next 3 years, revenue is forecast to grow by 6.5% per annum. Earnings are also forecast to grow by 16% per annum over the same time period. Reported Earnings • Jan 09
First quarter 2025 earnings: EPS and revenues exceed analyst expectations First quarter 2025 results: EPS: JP¥54.06 (down from JP¥55.18 in 1Q 2024). Revenue: JP¥61.3b (up 16% from 1Q 2024). Net income: JP¥2.66b (down 1.7% from 1Q 2024). Profit margin: 4.3% (down from 5.1% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) also surpassed analyst estimates by 5.5%. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has increased by 17% 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 • Jan 08
Saizeriya Co.,Ltd. (TSE:7581) announces an Equity Buyback for 200,000 shares, representing 0.41% for ¥1,000 million. Saizeriya Co.,Ltd. (TSE:7581) announces a share repurchase program. Under the program, the company will repurchase 200,000 shares, representing 0.41% of its share capital, for ¥1,000 million. The company will repurchase its shares in order to implement a flexible capital policy in response to changes in the business environment. The program will run until February 20, 2025. As of December 31, 2024, the company had 49,177,416 shares outstanding (excluding treasury shares) and 3,094,926 shares in treasury. Board Change • Dec 18
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Outside Director Marie Eguchi was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Dec 04
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: JP¥166 (up from JP¥106 in FY 2023). Revenue: JP¥224.5b (up 23% from FY 2023). Net income: JP¥8.15b (up 58% from FY 2023). Profit margin: 3.6% (up from 2.8% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.7%. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 22% per year. Announcement • Nov 27
Saizeriya Co.,Ltd. to Report Q1, 2025 Results on Jan 08, 2025 Saizeriya Co.,Ltd. announced that they will report Q1, 2025 results on Jan 08, 2025 Reported Earnings • Oct 15
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: JP¥166 (up from JP¥106 in FY 2023). Revenue: JP¥224.5b (up 23% from FY 2023). Net income: JP¥8.15b (up 58% from FY 2023). Profit margin: 3.6% (up from 2.8% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.7%. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 22% per year. Announcement • Oct 09
Saizeriya Co.,Ltd., Annual General Meeting, Nov 28, 2024 Saizeriya Co.,Ltd., Annual General Meeting, Nov 28, 2024. Upcoming Dividend • Aug 22
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 29 August 2024. Payment date: 29 November 2024. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (0.8%). Announcement • Aug 03
Saizeriya Co.,Ltd. to Report Fiscal Year 2024 Results on Oct 09, 2024 Saizeriya Co.,Ltd. announced that they will report fiscal year 2024 results on Oct 09, 2024 Reported Earnings • Jul 12
Third quarter 2024 earnings: EPS and revenues exceed analyst expectations Third quarter 2024 results: EPS: JP¥53.50 (up from JP¥42.31 in 3Q 2023). Revenue: JP¥58.6b (up 22% from 3Q 2023). Net income: JP¥2.62b (up 27% from 3Q 2023). Profit margin: 4.5% (up from 4.3% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.7%. Earnings per share (EPS) also surpassed analyst estimates by 31%. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has increased by 27% per year whereas the company’s share price has increased by 29% per year. New Risk • May 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 5.8% 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. This is currently the only risk that has been identified for the company. Buy Or Sell Opportunity • May 01
Now 24% undervalued The stock has been flat over the last 90 days, currently trading at JP¥5,080. The fair value is estimated to be JP¥6,642, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 6.9% per annum. Earnings are also forecast to grow by 24% per annum over the same time period. Announcement • Apr 29
Saizeriya Co.,Ltd. to Report Q3, 2024 Results on Jul 10, 2024 Saizeriya Co.,Ltd. announced that they will report Q3, 2024 results on Jul 10, 2024 Major Estimate Revision • Apr 19
Consensus EPS estimates fall by 17%, revenue upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from JP¥211.0b to JP¥217.8b. EPS estimate fell from JP¥173 to JP¥144 per share. Net income forecast to grow 27% next year vs 28% growth forecast for Hospitality industry in Japan. Consensus price target up from JP¥6,467 to JP¥6,757. Share price fell 7.5% to JP¥5,150 over the past week. Buy Or Sell Opportunity • Apr 16
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.3% to JP¥5,070. The fair value is estimated to be JP¥6,712, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 6.7% per annum. Earnings are also forecast to grow by 23% per annum over the same time period. Reported Earnings • Apr 11
Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2024 results: JP¥3.00 loss per share (improved from JP¥15.03 loss in 2Q 2023). Revenue: JP¥52.0b (up 28% from 2Q 2023). Net loss: JP¥147.0m (loss narrowed 80% from 2Q 2023). Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Mar 13
Now 21% undervalued Over the last 90 days, the stock has risen 1.2% to JP¥5,080. The fair value is estimated to be JP¥6,391, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 7.1% per annum. Earnings are also forecast to grow by 21% per annum over the same time period. Announcement • Jan 31
Saizeriya Co.,Ltd. to Report Q2, 2024 Results on Apr 10, 2024 Saizeriya Co.,Ltd. announced that they will report Q2, 2024 results on Apr 10, 2024 Reported Earnings • Jan 12
First quarter 2024 earnings: EPS and revenues exceed analyst expectations First quarter 2024 results: EPS: JP¥55.17 (up from JP¥27.19 in 1Q 2023). Revenue: JP¥52.6b (up 22% from 1Q 2023). Net income: JP¥2.70b (up 103% from 1Q 2023). Profit margin: 5.1% (up from 3.1% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.4%. Earnings per share (EPS) also surpassed analyst estimates by 50%. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth. Announcement • Jan 10
Saizeriya Co.,Ltd. (TSE:7581) announces an Equity Buyback for 200,000 shares, representing 0.41% for ¥1,000 million. Saizeriya Co.,Ltd. (TSE:7581) announces a share repurchase program. Under the program, the company will repurchase 200,000 shares, representing 0.41% of its share capital, for ¥1,000 million. The company will repurchase its shares in order to implement a flexible capital policy in response to changes in the business environment. The program will run until February 20, 2024. As of December 31, 2023, the company had 49,088,863 shares outstanding (excluding treasury shares) and 3,183,479 shares in treasury. Buying Opportunity • Dec 05
Now 23% undervalued Over the last 90 days, the stock is up 23%. The fair value is estimated to be JP¥7,473, 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. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 6.6% per annum. Earnings is also forecast to grow by 20% per annum over the same time period. Buying Opportunity • Nov 02
Now 22% undervalued Over the last 90 days, the stock is up 35%. The fair value is estimated to be JP¥7,808, 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. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 6.6% per annum. Earnings is also forecast to grow by 20% per annum over the same time period. Announcement • Oct 29
Saizeriya Co.,Ltd. to Report Q1, 2024 Results on Jan 10, 2024 Saizeriya Co.,Ltd. announced that they will report Q1, 2024 results on Jan 10, 2024 Major Estimate Revision • Oct 18
Consensus EPS estimates increase by 13% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from JP¥194.5b to JP¥207.5b. EPS estimate increased from JP¥144 to JP¥163 per share. Net income forecast to grow 52% next year vs 24% growth forecast for Hospitality industry in Japan. Consensus price target up from JP¥4,767 to JP¥5,683. Share price rose 18% to JP¥5,680 over the past week. Announcement • Oct 13
Saizeriya Co.,Ltd., Annual General Meeting, Nov 28, 2023 Saizeriya Co.,Ltd., Annual General Meeting, Nov 28, 2023. Price Target Changed • Oct 13
Price target increased by 8.4% to JP¥5,167 Up from JP¥4,767, the current price target is an average from 6 analysts. New target price is 6.1% below last closing price of JP¥5,500. Stock is up 100% over the past year. The company is forecast to post earnings per share of JP¥148 for next year compared to JP¥106 last year. Reported Earnings • Oct 12
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: JP¥106 (down from JP¥116 in FY 2022). Revenue: JP¥183.2b (up 27% from FY 2022). Net income: JP¥5.15b (down 8.9% from FY 2022). Profit margin: 2.8% (down from 3.9% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 18%. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Aug 23
Upcoming dividend of JP¥18.00 per share at 0.4% yield Eligible shareholders must have bought the stock before 30 August 2023. Payment date: 30 November 2023. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 0.4%. Lower than top quartile of Japanese dividend payers (3.5%). In line with average of industry peers (0.5%). Announcement • Aug 03
Saizeriya Co.,Ltd. to Report Fiscal Year 2023 Results on Oct 11, 2023 Saizeriya Co.,Ltd. announced that they will report fiscal year 2023 results on Oct 11, 2023 Reported Earnings • Jul 16
Third quarter 2023 earnings: EPS and revenues exceed analyst expectations Third quarter 2023 results: EPS: JP¥42.31 (up from JP¥31.61 in 3Q 2022). Revenue: JP¥48.2b (up 27% from 3Q 2022). Net income: JP¥2.06b (up 33% from 3Q 2022). Profit margin: 4.3% (up from 4.1% in 3Q 2022). Revenue exceeded analyst estimates by 7.7%. Earnings per share (EPS) also surpassed analyst estimates by 72%. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Announcement • Jul 14
Hi-Servueno.Inc entered into a share transfer agreement to acquire the remaining 66.67% stake in CSsT Co., Ltd. from Saizeriya Co.,Ltd. (TSE:7581). Hi-Servueno.Inc entered into a share transfer agreement to acquire the remaining 66.67% stake in CSsT Co., Ltd. from Saizeriya Co.,Ltd. (TSE:7581) on July 12, 2023. The deal is expected to be completed on September 28, 2023. Price Target Changed • Jul 14
Price target increased by 17% to JP¥4,183 Up from JP¥3,567, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of JP¥4,110. Stock is up 51% over the past year. The company is forecast to post earnings per share of JP¥87.89 for next year compared to JP¥116 last year. Board Change • Apr 19
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent External Director Marie Eguchi was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 13
Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2023 results: JP¥15.03 loss per share (down from JP¥52.73 profit in 2Q 2022). Revenue: JP¥40.7b (up 16% from 2Q 2022). Net loss: JP¥734.0m (down 129% from profit in 2Q 2022). Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Board Change • Mar 19
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent External Director Marie Eguchi was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jan 29
Saizeriya Co.,Ltd. to Report Q2, 2023 Results on Apr 12, 2023 Saizeriya Co.,Ltd. announced that they will report Q2, 2023 results on Apr 12, 2023 Reported Earnings • Jan 12
First quarter 2023 earnings: EPS and revenues exceed analyst expectations First quarter 2023 results: EPS: JP¥27.19 (down from JP¥50.36 in 1Q 2022). Revenue: JP¥43.1b (up 27% from 1Q 2022). Net income: JP¥1.33b (down 46% from 1Q 2022). Profit margin: 3.1% (down from 7.2% in 1Q 2022). Revenue exceeded analyst estimates by 10%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Jan 12
Saizeriya Co.,Ltd. (TSE:7581) announces an Equity Buyback for 400,000 shares, representing 0.82% for ¥1,000 million. Saizeriya Co.,Ltd. (TSE:7581) announces a share repurchase program. Under the program, the company will repurchase 400,000 shares, representing 0.82% of its share capital, for ¥1,000 million. The company will repurchase its shares in order to implement a flexible capital policy in response to changes in the business environment. The program will run until February 20, 2023. As of December 31, 2022, the company had 48,929,894 shares outstanding (excluding treasury shares) and 3,342,448 shares in treasury. Board Change • Dec 09
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. 3 non-independent directors. Independent Outside Director Takashi Arakawa was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Dec 04
Full year 2022 earnings: Revenues exceed analyst expectations Full year 2022 results: Revenue: JP¥144.3b (up 14% from FY 2021). Net income: JP¥5.66b (up 221% from FY 2021). Profit margin: 3.9% (up from 1.4% in FY 2021). Revenue exceeded analyst estimates by 1.8%. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Hospitality industry in Japan. Announcement • Nov 30
Saizeriya Co.,Ltd. to Report Q1, 2023 Results on Jan 11, 2023 Saizeriya Co.,Ltd. announced that they will report Q1, 2023 results on Jan 11, 2023 Announcement • Oct 14
Saizeriya Co.,Ltd., Annual General Meeting, Nov 29, 2022 Saizeriya Co.,Ltd., Annual General Meeting, Nov 29, 2022. Reported Earnings • Oct 13
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: EPS: JP¥116 (up from JP¥36.30 in FY 2021). Revenue: JP¥144.3b (up 14% from FY 2021). Net income: JP¥5.66b (up 221% from FY 2021). Profit margin: 3.9% (up from 1.4% in FY 2021). Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) missed analyst estimates by 18%. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Oct 13
Consensus forecasts updated The consensus outlook for 2023 has been updated. 2023 EPS estimate fell from JP¥114 to JP¥96.36 per share. Revenue forecast steady at JP¥162.7b. Net income forecast to shrink 25% next year vs 3.2% decline forecast for Hospitality industry in Japan. Consensus price target of JP¥3,050 unchanged from last update. Share price was steady at JP¥2,726 over the past week. Upcoming Dividend • Aug 23
Upcoming dividend of JP¥18.00 per share Eligible shareholders must have bought the stock before 30 August 2022. Payment date: 28 November 2022. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (0.5%).