Upcoming Dividend • Jun 22
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 29 June 2026. Payment date: 18 September 2026. Payout ratio is a comfortable 15% but the company is not cash flow positive. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.9%). Higher than average of industry peers (2.1%). Reported Earnings • May 09
First quarter 2026 earnings released: EPS: JP¥88.52 (vs JP¥158 in 1Q 2025) First quarter 2026 results: EPS: JP¥88.52 (down from JP¥158 in 1Q 2025). Revenue: JP¥41.5b (up 13% from 1Q 2025). Net income: JP¥724.0m (down 44% from 1Q 2025). Profit margin: 1.7% (down from 3.5% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 3.1% p.a. on average during the next 3 years, while revenues in the Consumer Retailing industry in Japan are expected to grow by 5.3%. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Announcement • May 08
Kitoku Shinryo Co., Ltd. to Report Q1, 2026 Results on May 08, 2026 Kitoku Shinryo Co., Ltd. announced that they will report Q1, 2026 results on May 08, 2026 New Risk • Apr 23
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥15.3b (US$95.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings are forecast to decline by an average of 14% per year for the foreseeable future. High level of non-cash earnings (25% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (JP¥15.3b market cap, or US$95.6m). New Risk • Feb 14
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings are forecast to decline by an average of 24% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.2% average weekly change). Reported Earnings • Feb 14
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: JP¥675 (up from JP¥212 in FY 2024). Revenue: JP¥176.2b (up 48% from FY 2024). Net income: JP¥5.52b (up 220% from FY 2024). Profit margin: 3.1% (up from 1.4% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 11%. Revenue is expected to decline by 1.8% p.a. on average during the next 2 years, while revenues in the Consumer Retailing industry in Japan are expected to grow by 5.3%. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 42% per year, which means it is significantly lagging earnings growth. Announcement • Feb 13
Kitoku Shinryo Co., Ltd., Annual General Meeting, Mar 26, 2026 Kitoku Shinryo Co., Ltd., Annual General Meeting, Mar 26, 2026. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥70.00 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 30 March 2026. Payout ratio is a comfortable 4.4% but the company is not cash flow positive. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.5%). Announcement • Dec 03
Kitoku Shinryo Co., Ltd. to Report Fiscal Year 2025 Results on Feb 13, 2026 Kitoku Shinryo Co., Ltd. announced that they will report fiscal year 2025 results on Feb 13, 2026 Reported Earnings • Nov 08
Third quarter 2025 earnings released: EPS: JP¥215 (vs JP¥49.71 in 3Q 2024) Third quarter 2025 results: EPS: JP¥215 (up from JP¥49.71 in 3Q 2024). Revenue: JP¥46.9b (up 68% from 3Q 2024). Net income: JP¥1.76b (up 336% from 3Q 2024). Profit margin: 3.8% (up from 1.5% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is expected to decline by 5.8% p.a. on average during the next 3 years, while revenues in the Consumer Retailing industry in Japan are expected to grow by 3.2%. Over the last 3 years on average, earnings per share has increased by 60% per year whereas the company’s share price has increased by 64% per year. Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥4,965, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 15x in the Consumer Retailing industry in Japan. Total returns to shareholders of 420% over the past three years. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥4,455, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 17x in the Consumer Retailing industry in Japan. Total returns to shareholders of 384% over the past three years. Announcement • Sep 01
Kitoku Shinryo Co., Ltd. to Report Q3, 2025 Results on Nov 06, 2025 Kitoku Shinryo Co., Ltd. announced that they will report Q3, 2025 results on Nov 06, 2025 Valuation Update With 7 Day Price Move • Aug 22
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to JP¥5,890, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 18x in the Consumer Retailing industry in Japan. Total returns to shareholders of 535% over the past three years. Reported Earnings • Aug 08
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: JP¥47.1b (up 61% from 2Q 2024). Net income: JP¥2.41b (up 390% from 2Q 2024). Profit margin: 5.1% (up from 1.7% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is expected to decline by 4.2% p.a. on average during the next 3 years, while revenues in the Consumer Retailing industry in Japan are expected to grow by 3.2%. Valuation Update With 7 Day Price Move • Aug 07
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to JP¥2,790, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 18x in the Consumer Retailing industry in Japan. Total returns to shareholders of 217% over the past three years. New Risk • Jun 26
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 5.4% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. 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 (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (14% average weekly change). Minor Risk Paying a dividend despite having no free cash flows. Upcoming Dividend • Jun 20
Upcoming dividend of JP¥50.00 per share Eligible shareholders must have bought the stock before 27 June 2025. Payment date: 18 September 2025. Payout ratio is a comfortable 3.7% but the company is not cash flow positive. Trailing yield: 1.0%. Lower than top quartile of Japanese dividend payers (4.0%). Lower than average of industry peers (1.7%). Valuation Update With 7 Day Price Move • Jun 04
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥12,510, the stock trades at a trailing P/E ratio of 7.6x. Average trailing P/E is 12x in the Consumer Retailing industry in Japan. Total returns to shareholders of 189% over the past three years. Announcement • May 31
Kitoku Shinryo Co., Ltd. to Report Q2, 2025 Results on Aug 07, 2025 Kitoku Shinryo Co., Ltd. announced that they will report Q2, 2025 results on Aug 07, 2025 Valuation Update With 7 Day Price Move • May 15
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to JP¥11,770, the stock trades at a trailing P/E ratio of 7.2x. Average trailing P/E is 13x in the Consumer Retailing industry in Japan. Total returns to shareholders of 158% over the past three years. Reported Earnings • May 09
First quarter 2025 earnings released: EPS: JP¥790 (vs JP¥209 in 1Q 2024) First quarter 2025 results: EPS: JP¥790 (up from JP¥209 in 1Q 2024). Revenue: JP¥36.9b (up 23% from 1Q 2024). Net income: JP¥1.29b (up 281% from 1Q 2024). Profit margin: 3.5% (up from 1.1% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 32% per year whereas the company’s share price has increased by 34% per year. Valuation Update With 7 Day Price Move • Apr 21
Investor sentiment improves as stock rises 31% After last week's 31% share price gain to JP¥8,260, the stock trades at a trailing P/E ratio of 7.7x. Average trailing P/E is 13x in the Consumer Retailing industry in Japan. Total returns to shareholders of 75% over the past three years. New Risk • Apr 04
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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Share price has been volatile over the past 3 months (5.4% average weekly change). Market cap is less than US$100m (JP¥10.5b market cap, or US$72.4m). Valuation Update With 7 Day Price Move • Mar 25
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥7,400, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 13x in the Consumer Retailing industry in Japan. Total returns to shareholders of 102% over the past three years. Announcement • Mar 01
Kitoku Shinryo Co., Ltd. to Report Q1, 2025 Results on May 08, 2025 Kitoku Shinryo Co., Ltd. announced that they will report Q1, 2025 results on May 08, 2025 New Risk • Feb 18
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risk Market cap is less than US$100m (JP¥9.63b market cap, or US$63.3m). New Risk • Feb 16
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 61% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (61% net debt to equity). Market cap is less than US$100m (JP¥9.51b market cap, or US$62.5m). Announcement • Feb 14
Kitoku Shinryo Co., Ltd., Annual General Meeting, Mar 27, 2025 Kitoku Shinryo Co., Ltd., Annual General Meeting, Mar 27, 2025. Upcoming Dividend • Dec 20
Upcoming dividend of JP¥70.00 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 31 March 2025. Payout ratio is a comfortable 3.3% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (1.6%). Announcement • Dec 06
Kitoku Shinryo Co., Ltd. to Report Fiscal Year 2024 Results on Feb 14, 2025 Kitoku Shinryo Co., Ltd. announced that they will report fiscal year 2024 results on Feb 14, 2025 Reported Earnings • Nov 09
Third quarter 2024 earnings released: EPS: JP¥249 (vs JP¥159 in 3Q 2023) Third quarter 2024 results: EPS: JP¥249 (up from JP¥159 in 3Q 2023). Revenue: JP¥27.9b (up 2.7% from 3Q 2023). Net income: JP¥404.0m (up 57% from 3Q 2023). Profit margin: 1.5% (up from 1.0% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Announcement • Sep 27
Kitoku Shinryo Co., Ltd. to Report Q3, 2024 Results on Nov 07, 2024 Kitoku Shinryo Co., Ltd. announced that they will report Q3, 2024 results on Nov 07, 2024 Announcement • Aug 20
Kitoku Shinryo Co., Ltd. (TSE:2700) announces an Equity Buyback for 25,000 shares, representing 1.54% for ¥144.5 million. Kitoku Shinryo Co., Ltd. (TSE:2700) announces a share repurchase program. Under the program, the company will repurchase up to 25,000 shares, representing 1.54% of its issued share capital (excluding treasury stock), for a total purchase price of ¥144.50 million. The shares will be repurchased at a price of ¥5,780 per share. The purpose of the program is to enable the implementation of a flexible capital policy in response to changes in the business environment. As of June 30, 2024, the company has 1,624,281 issued shares (excluding treasury stock) and 81,719 treasury shares. Reported Earnings • Aug 09
Second quarter 2024 earnings released: EPS: JP¥303 (vs JP¥315 in 2Q 2023) Second quarter 2024 results: EPS: JP¥303 (down from JP¥315 in 2Q 2023). Revenue: JP¥29.2b (flat on 2Q 2023). Net income: JP¥492.0m (down 3.7% from 2Q 2023). Profit margin: 1.7% (in line with 2Q 2023). Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 20
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 27 June 2024. Payment date: 19 September 2024. Payout ratio is a comfortable 7.2% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (1.7%). Announcement • Jun 02
Kitoku Shinryo Co., Ltd. to Report Q2, 2024 Results on Aug 06, 2024 Kitoku Shinryo Co., Ltd. announced that they will report Q2, 2024 results on Aug 06, 2024 Reported Earnings • May 09
First quarter 2024 earnings released: EPS: JP¥209 (vs JP¥290 in 1Q 2023) First quarter 2024 results: EPS: JP¥209 (down from JP¥290 in 1Q 2023). Revenue: JP¥30.0b (up 8.3% from 1Q 2023). Net income: JP¥339.0m (down 28% from 1Q 2023). Profit margin: 1.1% (down from 1.7% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. New Risk • May 09
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. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (4.7% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (5.8% average weekly change). Market cap is less than US$100m (JP¥9.04b market cap, or US$58.1m). Announcement • Mar 28
Kitoku Shinryo Co., Ltd. to Report Q1, 2024 Results on May 08, 2024 Kitoku Shinryo Co., Ltd. announced that they will report Q1, 2024 results on May 08, 2024 Reported Earnings • Feb 18
Full year 2023 earnings released: EPS: JP¥912 (vs JP¥641 in FY 2022) Full year 2023 results: EPS: JP¥912 (up from JP¥641 in FY 2022). Revenue: JP¥114.8b (up 9.7% from FY 2022). Net income: JP¥1.48b (up 42% from FY 2022). Profit margin: 1.3% (up from 1.0% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Announcement • Feb 17
Kitoku Shinryo Co., Ltd., Annual General Meeting, Mar 28, 2024 Kitoku Shinryo Co., Ltd., Annual General Meeting, Mar 28, 2024. New Risk • Feb 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 5.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (5.6% average weekly change). Market cap is less than US$100m (JP¥8.46b market cap, or US$56.3m). Upcoming Dividend • Dec 21
Upcoming dividend of JP¥50.00 per share at 1.1% yield Eligible shareholders must have bought the stock before 28 December 2023. Payment date: 01 April 2024. Payout ratio is a comfortable 2.8% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Japanese dividend payers (3.5%). Lower than average of industry peers (1.7%). Announcement • Dec 05
Kitoku Shinryo Co., Ltd. to Report Fiscal Year 2023 Results on Feb 15, 2024 Kitoku Shinryo Co., Ltd. announced that they will report fiscal year 2023 results on Feb 15, 2024 Reported Earnings • Nov 04
Third quarter 2023 earnings released: EPS: JP¥159 (vs JP¥61.11 in 3Q 2022) Third quarter 2023 results: EPS: JP¥159 (up from JP¥61.11 in 3Q 2022). Revenue: JP¥27.1b (up 9.5% from 3Q 2022). Net income: JP¥258.0m (up 161% from 3Q 2022). Profit margin: 1.0% (up from 0.4% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Announcement • Sep 28
Kitoku Shinryo Co., Ltd. to Report Q3, 2023 Results on Nov 02, 2023 Kitoku Shinryo Co., Ltd. announced that they will report Q3, 2023 results on Nov 02, 2023 Reported Earnings • Aug 09
Second quarter 2023 earnings released: EPS: JP¥315 (vs JP¥170 in 2Q 2022) Second quarter 2023 results: EPS: JP¥315 (up from JP¥170 in 2Q 2022). Revenue: JP¥29.2b (up 4.7% from 2Q 2022). Net income: JP¥511.0m (up 86% from 2Q 2022). Profit margin: 1.8% (up from 1.0% in 2Q 2022). The increase in margin was driven by higher revenue. 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 12% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 22
Upcoming dividend of JP¥30.00 per share at 1.3% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 19 September 2023. Payout ratio is a comfortable 7.5% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of Japanese dividend payers (3.5%). Lower than average of industry peers (1.6%). Announcement • Jun 10
Kitoku Shinryo Co., Ltd. to Report Q2, 2023 Results on Aug 04, 2023 Kitoku Shinryo Co., Ltd. announced that they will report Q2, 2023 results on Aug 04, 2023 Reported Earnings • May 10
First quarter 2023 earnings released: EPS: JP¥289 (vs JP¥267 in 1Q 2022) First quarter 2023 results: EPS: JP¥289 (up from JP¥267 in 1Q 2022). Revenue: JP¥27.7b (up 6.0% from 1Q 2022). Net income: JP¥469.0m (up 8.3% from 1Q 2022). Profit margin: 1.7% (in line with 1Q 2022). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 20
Full year 2022 earnings released: EPS: JP¥641 (vs JP¥312 in FY 2021) Full year 2022 results: EPS: JP¥641 (up from JP¥312 in FY 2021). Revenue: JP¥104.7b (down 2.9% from FY 2021). Net income: JP¥1.04b (up 106% from FY 2021). Profit margin: 1.0% (up from 0.5% in FY 2021). The increase in margin was driven by lower expenses. 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 5% per year, which means it is significantly lagging earnings growth. Announcement • Feb 18
Kitoku Shinryo Co., Ltd., Annual General Meeting, Mar 30, 2023 Kitoku Shinryo Co., Ltd., Annual General Meeting, Mar 30, 2023. Valuation Update With 7 Day Price Move • Feb 16
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥4,675, the stock trades at a trailing P/E ratio of 8.1x. Average trailing P/E is 14x in the Consumer Retailing industry in Japan. Total returns to shareholders of 39% over the past three years. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥35.00 per share Eligible shareholders must have bought the stock before 29 December 2022. Payment date: 31 March 2023. Payout ratio is a comfortable 8.7% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (1.6%). Announcement • Dec 18
Kitoku Shinryo Co., Ltd. to Report Fiscal Year 2022 Results on Feb 16, 2023 Kitoku Shinryo Co., Ltd. announced that they will report fiscal year 2022 results on Feb 16, 2023 Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: JP¥61.08 (vs JP¥12.35 in 3Q 2021) Third quarter 2022 results: EPS: JP¥61.08 (up from JP¥12.35 in 3Q 2021). Revenue: JP¥24.8b (down 14% from 3Q 2021). Net income: JP¥99.0m (up 395% from 3Q 2021). Profit margin: 0.4% (up from 0.1% in 3Q 2021). The increase in margin was driven by lower expenses. 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 9% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 8 highly experienced directors. No independent directors (10 non-independent directors). External Director Eiko Akioka was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Nov 12
Third quarter 2022 earnings released: EPS: JP¥61.08 (vs JP¥12.35 in 3Q 2021) Third quarter 2022 results: EPS: JP¥61.08 (up from JP¥12.35 in 3Q 2021). Revenue: JP¥24.8b (down 14% from 3Q 2021). Net income: JP¥99.0m (up 395% from 3Q 2021). Profit margin: 0.4% (up from 0.1% in 3Q 2021). The increase in margin was driven by lower expenses. 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 11% per year, which means it is significantly lagging earnings growth. Announcement • Aug 31
Kitoku Shinryo Co., Ltd. to Report Q3, 2022 Results on Nov 10, 2022 Kitoku Shinryo Co., Ltd. announced that they will report Q3, 2022 results on Nov 10, 2022 Reported Earnings • Aug 11
Second quarter 2022 earnings released: EPS: JP¥170 (vs JP¥88.27 in 2Q 2021) Second quarter 2022 results: EPS: JP¥170 (up from JP¥88.27 in 2Q 2021). Revenue: JP¥27.9b (up 2.1% from 2Q 2021). Net income: JP¥275.0m (up 92% from 2Q 2021). Profit margin: 1.0% (up from 0.5% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 22
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 29 June 2022. Payment date: 13 September 2022. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (1.8%). Valuation Update With 7 Day Price Move • Jun 20
Investor sentiment improved over the past week After last week's 20% share price gain to JP¥5,680, the stock trades at a trailing P/E ratio of 12.8x. Average trailing P/E is 12x in the Consumer Retailing industry in Japan. Total returns to shareholders of 61% over the past three years. Announcement • May 29
Kitoku Shinryo Co., Ltd. to Report Q2, 2022 Results on Aug 09, 2022 Kitoku Shinryo Co., Ltd. announced that they will report Q2, 2022 results on Aug 09, 2022 Reported Earnings • May 16
First quarter 2022 earnings released: EPS: JP¥267 (vs JP¥135 in 1Q 2021) First quarter 2022 results: EPS: JP¥267 (up from JP¥135 in 1Q 2021). Revenue: JP¥26.1b (down 4.0% from 1Q 2021). Net income: JP¥433.0m (up 99% from 1Q 2021). Profit margin: 1.7% (up from 0.8% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 8 highly experienced directors. No independent directors (10 non-independent directors). External Director Eiko Akioka was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Announcement • Apr 07
Kitoku Shinryo Co., Ltd. to Report Q1, 2022 Results on May 12, 2022 Kitoku Shinryo Co., Ltd. announced that they will report Q1, 2022 results on May 12, 2022 Reported Earnings • Feb 21
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: JP¥312 (up from JP¥38.26 in FY 2020). Revenue: JP¥107.8b (flat on FY 2020). Net income: JP¥505.0m (up JP¥443.0m from FY 2020). Profit margin: 0.5% (up from 0.1% in FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Feb 20
Kitoku Shinryo Co., Ltd., Annual General Meeting, Mar 30, 2022 Kitoku Shinryo Co., Ltd., Annual General Meeting, Mar 30, 2022. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 31 March 2022. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of Japanese dividend payers (3.3%). Lower than average of industry peers (1.6%). Reported Earnings • Nov 12
Third quarter 2021 earnings released: EPS JP¥12.34 (vs JP¥64.82 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥28.9b (up 3.1% from 3Q 2020). Net income: JP¥20.0m (up JP¥125.0m from 3Q 2020). Profit margin: 0.1% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 1% per year. Upcoming Dividend • Jun 22
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 29 June 2021. Payment date: 14 September 2021. Trailing yield: 1.4%. Lower than top quartile of Japanese dividend payers (3.0%). In line with average of industry peers (1.5%). Reported Earnings • May 16
First quarter 2021 earnings released: EPS JP¥135 (vs JP¥35.80 in 1Q 2020) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: JP¥27.2b (down 5.4% from 1Q 2020). Net income: JP¥218.0m (up 276% from 1Q 2020). Profit margin: 0.8% (up from 0.2% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 04
Full year 2020 earnings released: EPS JP¥38.26 (vs JP¥413 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥107.6b (down 8.5% from FY 2019). Net income: JP¥62.0m (down 91% from FY 2019). Profit margin: 0.1% (down from 0.6% in FY 2019). 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 1% per year, which means it has not declined as severely as earnings. Announcement • Mar 04
Kitoku Shinryo Co., Ltd. to Report Q1, 2021 Results on May 13, 2021 Kitoku Shinryo Co., Ltd. announced that they will report Q1, 2021 results on May 13, 2021 Reported Earnings • Feb 20
Full year 2020 earnings released: EPS JP¥38.26 (vs JP¥413 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥107.6b (down 8.5% from FY 2019). Net income: JP¥62.0m (down 91% from FY 2019). Profit margin: 0.1% (down from 0.6% in FY 2019). 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 3% per year, which means it has not declined as severely as earnings. Announcement • Feb 19
Kitoku Shinryo Co., Ltd., Annual General Meeting, Mar 30, 2021 Kitoku Shinryo Co., Ltd., Annual General Meeting, Mar 30, 2021. Is New 90 Day High Low • Dec 29
New 90-day low: JP¥3,350 The company is down 4.0% from its price of JP¥3,500 on 30 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 Retailing industry, which is down 1.0% over the same period. Upcoming Dividend • Dec 22
Upcoming Dividend of JP¥25.00 Per Share Will be paid on the 27th of March to those who are registered shareholders by the 29th of December. The trailing yield of 1.4% is below the top quartile of Japanese dividend payers (3.0%), but is in line with industry peers (1.6%). Announcement • Dec 04
Kitoku Shinryo Co., Ltd. to Report Fiscal Year 2020 Results on Feb 17, 2021 Kitoku Shinryo Co., Ltd. announced that they will report fiscal year 2020 results on Feb 17, 2021 Reported Earnings • Nov 14
Third quarter 2020 earnings released: JP¥64.76 loss per share The company reported a poor third quarter result with increased losses and weaker revenues and control over expenses. Third quarter 2020 results: Revenue: JP¥28.0b (down 6.7% from 3Q 2019). Net loss: JP¥105.0m (loss widened 192% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has remained flat, which means it is well ahead of earnings. 