Buy Or Sell Opportunity • Jun 05
Now 22% undervalued Over the last 90 days, the stock has risen 3.5% to JP¥11,740. The fair value is estimated to be JP¥14,994, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 20%. New Risk • May 31
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 18% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Shareholders have been diluted in the past year (18% increase in shares outstanding). Live News • May 27
Tokyo Kiraboshi Financial Group Streamlines Capital Structure With Full Preferred Share Buyback Tokyo Kiraboshi Financial Group repurchased all 2,000,000 Class II preferred shares previously held by the Tokyo Metropolitan Government.
The company cancelled the entire Class II preferred share issue on the same day as the buyback.
This move simplifies the group’s capital structure and ends a specific funding relationship with the Tokyo Metropolitan Government.
The key takeaway is that the group now relies more clearly on common equity and standard capital instruments, which can make the balance sheet easier to assess and compare with peers.
It may be useful to monitor how this shift in capital mix affects regulatory capital ratios, dividend policy on common shares and any future funding plans. Reported Earnings • May 09
Full year 2026 earnings released: EPS: JP¥1,400 (vs JP¥1,028 in FY 2025) Full year 2026 results: EPS: JP¥1,400 (up from JP¥1,028 in FY 2025). Revenue: JP¥169.3b (up 12% from FY 2025). Net income: JP¥42.4b (up 37% from FY 2025). Profit margin: 25% (up from 21% 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 20% per year but the company’s share price has increased by 57% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • May 08
Now 22% undervalued Over the last 90 days, the stock has risen 5.1% to JP¥11,490. The fair value is estimated to be JP¥14,722, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 17%. Buy Or Sell Opportunity • Apr 20
Now 20% undervalued Over the last 90 days, the stock has risen 22% to JP¥11,870. The fair value is estimated to be JP¥14,899, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 17%. Buy Or Sell Opportunity • Apr 02
Now 22% undervalued Over the last 90 days, the stock has risen 32% to JP¥11,500. The fair value is estimated to be JP¥14,686, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 17%. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥85.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 10 June 2026. Payout ratio is a comfortable 14% but the company is not cash flow positive. Trailing yield: 1.6%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (2.7%). New Risk • Mar 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 6.1% 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 • Mar 02
Now 23% undervalued Over the last 90 days, the stock has risen 31% to JP¥11,220. The fair value is estimated to be JP¥14,591, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 17%. Buy Or Sell Opportunity • Feb 13
Now 21% undervalued Over the last 90 days, the stock has risen 44% to JP¥11,470. The fair value is estimated to be JP¥14,601, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 17%. Reported Earnings • Jan 31
Third quarter 2026 earnings released: EPS: JP¥289 (vs JP¥265 in 3Q 2025) Third quarter 2026 results: EPS: JP¥289 (up from JP¥265 in 3Q 2025). Revenue: JP¥38.6b (down 1.2% from 3Q 2025). Net income: JP¥8.76b (up 9.2% from 3Q 2025). Profit margin: 23% (up from 21% in 3Q 2025). The increase in margin was driven by lower expenses. 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 52% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Dec 13
Tokyo Kiraboshi Financial Group, Inc. to Report Q3, 2026 Results on Jan 30, 2026 Tokyo Kiraboshi Financial Group, Inc. announced that they will report Q3, 2026 results on Jan 30, 2026 Declared Dividend • Dec 03
First half dividend of JP¥85.00 announced Shareholders will receive a dividend of JP¥85.00. Ex-date: 30th March 2026 Payment date: 10th June 2026 Dividend yield will be 2.0%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 44% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 01
Second quarter 2026 earnings released: EPS: JP¥445 (vs JP¥207 in 2Q 2025) Second quarter 2026 results: EPS: JP¥445 (up from JP¥207 in 2Q 2025). Revenue: JP¥43.8b (up 28% from 2Q 2025). Net income: JP¥13.5b (up 116% from 2Q 2025). Profit margin: 31% (up from 18% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 51% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Sep 23
Tokyo Kiraboshi Financial Group, Inc. to Report Q2, 2026 Results on Oct 31, 2025 Tokyo Kiraboshi Financial Group, Inc. announced that they will report Q2, 2026 results on Oct 31, 2025 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥85.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 03 December 2025. Payout ratio is a comfortable 16% but the company is not cash flow positive. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (3.1%). Reported Earnings • Jul 31
First quarter 2026 earnings released: EPS: JP¥191 (vs JP¥216 in 1Q 2025) First quarter 2026 results: EPS: JP¥191 (down from JP¥216 in 1Q 2025). Revenue: JP¥33.1b (down 11% from 1Q 2025). Net income: JP¥5.77b (down 12% from 1Q 2025). Profit margin: 17% (in line with 1Q 2025). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Jul 09
Final dividend of JP¥85.00 announced Shareholders will receive a dividend of JP¥85.00. Ex-date: 29th September 2025 Payment date: 3rd December 2025 Dividend yield will be 2.5%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 34% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Jun 25
Tokyo Kiraboshi Financial Group, Inc. to Report Q1, 2026 Results on Jul 30, 2025 Tokyo Kiraboshi Financial Group, Inc. announced that they will report Q1, 2026 results on Jul 30, 2025 Reported Earnings • May 02
Full year 2025 earnings released: EPS: JP¥1,039 (vs JP¥840 in FY 2024) Full year 2025 results: EPS: JP¥1,039 (up from JP¥840 in FY 2024). Revenue: JP¥151.9b (up 17% from FY 2024). Net income: JP¥31.4b (up 24% from FY 2024). Profit margin: 21% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 01
Tokyo Kiraboshi Financial Group, Inc., Annual General Meeting, Jun 25, 2025 Tokyo Kiraboshi Financial Group, Inc., Annual General Meeting, Jun 25, 2025. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥4,915, the stock trades at a trailing P/E ratio of 5.4x. Average trailing P/E is 9x in the Banks industry in Japan. Total returns to shareholders of 224% over the past three years. New Risk • Mar 21
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. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥85.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 09 June 2025. Payout ratio is a comfortable 17% but the company is not cash flow positive. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (3.1%). Announcement • Mar 18
Tokyo Kiraboshi Financial Group, Inc. to Report Fiscal Year 2025 Results on May 01, 2025 Tokyo Kiraboshi Financial Group, Inc. announced that they will report fiscal year 2025 results on May 01, 2025 Valuation Update With 7 Day Price Move • Mar 18
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥5,540, the stock trades at a trailing P/E ratio of 6.1x. Average trailing P/E is 10x in the Banks industry in Japan. Total returns to shareholders of 236% over the past three years. Reported Earnings • Feb 01
Third quarter 2025 earnings released: EPS: JP¥265 (vs JP¥171 in 3Q 2024) Third quarter 2025 results: EPS: JP¥265 (up from JP¥171 in 3Q 2024). Revenue: JP¥39.0b (up 24% from 3Q 2024). Net income: JP¥8.02b (up 55% from 3Q 2024). Profit margin: 21% (up from 16% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Dec 14
Tokyo Kiraboshi Financial Group, Inc. to Report Q3, 2025 Results on Jan 31, 2025 Tokyo Kiraboshi Financial Group, Inc. announced that they will report Q3, 2025 results on Jan 31, 2025 Reported Earnings • Nov 03
Second quarter 2025 earnings released: EPS: JP¥213 (vs JP¥248 in 2Q 2024) Second quarter 2025 results: EPS: JP¥213 (down from JP¥248 in 2Q 2024). Revenue: JP¥36.0b (up 6.2% from 2Q 2024). Net income: JP¥6.41b (down 14% from 2Q 2024). Profit margin: 18% (down from 22% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥75.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 04 December 2024. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of Japanese dividend payers (3.8%). In line with average of industry peers (3.5%). Announcement • Sep 19
Tokyo Kiraboshi Financial Group, Inc. to Report Q2, 2025 Results on Nov 01, 2024 Tokyo Kiraboshi Financial Group, Inc. announced that they will report Q2, 2025 results on Nov 01, 2024 Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to JP¥3,570, the stock trades at a trailing P/E ratio of 4.1x. Average trailing P/E is 10x in the Banks industry in Japan. Total returns to shareholders of 154% over the past three years. New Risk • Aug 02
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: 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 • Jul 31
First quarter 2025 earnings released: EPS: JP¥216 (vs JP¥194 in 1Q 2024) First quarter 2025 results: EPS: JP¥216 (up from JP¥194 in 1Q 2024). Revenue: JP¥37.3b (up 13% from 1Q 2024). Net income: JP¥6.51b (up 12% from 1Q 2024). Profit margin: 18% (in line with 1Q 2024). Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Jul 05
Now 23% undervalued Over the last 90 days, the stock has risen 2.2% to JP¥4,610. The fair value is estimated to be JP¥5,970, 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. Earnings per share has grown by 45%. Announcement • Jun 22
Tokyo Kiraboshi Financial Group, Inc. to Report Q1, 2025 Results on Jul 29, 2024 Tokyo Kiraboshi Financial Group, Inc. announced that they will report Q1, 2025 results on Jul 29, 2024 Buy Or Sell Opportunity • May 28
Now 20% undervalued Over the last 90 days, the stock has risen 7.7% to JP¥4,775. The fair value is estimated to be JP¥5,970, 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. Earnings per share has grown by 45%. Reported Earnings • May 04
Full year 2024 earnings released: EPS: JP¥849 (vs JP¥693 in FY 2023) Full year 2024 results: EPS: JP¥849 (up from JP¥693 in FY 2023). Revenue: JP¥131.6b (up 11% from FY 2023). Net income: JP¥25.7b (up 23% from FY 2023). Profit margin: 20% (up from 18% in FY 2023). 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 increased by 53% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥65.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 07 June 2024. Payout ratio is a comfortable 15% but the company is not cash flow positive. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (2.9%). Announcement • Mar 14
Tokyo Kiraboshi Financial Group, Inc. to Report Fiscal Year 2024 Results on May 01, 2024 Tokyo Kiraboshi Financial Group, Inc. announced that they will report fiscal year 2024 results on May 01, 2024 Reported Earnings • Feb 02
Third quarter 2024 earnings released: EPS: JP¥176 (vs JP¥165 in 3Q 2023) Third quarter 2024 results: EPS: JP¥176 (up from JP¥165 in 3Q 2023). Revenue: JP¥31.9b (up 16% from 3Q 2023). Net income: JP¥5.32b (up 7.0% from 3Q 2023). Profit margin: 17% (down from 18% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 50% per year whereas the company’s share price has increased by 52% per year. Announcement • Dec 22
Tokyo Kiraboshi Financial Group, Inc. to Report Q3, 2024 Results on Jan 31, 2024 Tokyo Kiraboshi Financial Group, Inc. announced that they will report Q3, 2024 results on Jan 31, 2024 Reported Earnings • Nov 02
Second quarter 2024 earnings released: EPS: JP¥253 (vs JP¥185 in 2Q 2023) Second quarter 2024 results: EPS: JP¥253 (up from JP¥185 in 2Q 2023). Revenue: JP¥34.1b (up 19% from 2Q 2023). Net income: JP¥7.64b (up 37% from 2Q 2023). Profit margin: 22% (up from 19% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 54% per year whereas the company’s share price has increased by 57% per year. New Risk • Oct 13
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. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.3% average weekly change). Upcoming Dividend • Sep 21
Upcoming dividend of JP¥65.00 per share at 2.8% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 04 December 2023. 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 (3.3%). Lower than average of industry peers (3.2%). Announcement • Sep 14
Tokyo Kiraboshi Financial Group, Inc. to Report Q2, 2024 Results on Nov 01, 2023 Tokyo Kiraboshi Financial Group, Inc. announced that they will report Q2, 2024 results on Nov 01, 2023 Reported Earnings • Jul 29
First quarter 2024 earnings released: EPS: JP¥194 (vs JP¥96.31 in 1Q 2023) First quarter 2024 results: EPS: JP¥194 (up from JP¥96.31 in 1Q 2023). Revenue: JP¥34.1b (up 13% from 1Q 2023). Net income: JP¥5.84b (up 100% from 1Q 2023). Profit margin: 17% (up from 9.7% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 49% per year, which means it is significantly lagging earnings growth. Announcement • Jun 21
Tokyo Kiraboshi Financial Group, Inc. to Report Q1, 2024 Results on Jul 28, 2023 Tokyo Kiraboshi Financial Group, Inc. announced that they will report Q1, 2024 results on Jul 28, 2023 Reported Earnings • May 10
Full year 2023 earnings released: EPS: JP¥701 (vs JP¥591 in FY 2022) Full year 2023 results: EPS: JP¥701 (up from JP¥591 in FY 2022). Revenue: JP¥120.2b (up 31% from FY 2022). Net income: JP¥21.2b (up 18% from FY 2022). Profit margin: 18% (down from 20% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 43% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥52.50 per share at 4.2% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 07 June 2023. Payout ratio is a comfortable 13% but the company is not cash flow positive. Trailing yield: 4.2%. Within top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (4.0%). Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥2,518, the stock trades at a trailing P/E ratio of 3.3x. Average trailing P/E is 8x in the Banks industry in Japan. Total returns to shareholders of 160% over the past three years. Reported Earnings • Feb 02
Third quarter 2023 earnings released: EPS: JP¥169 (vs JP¥127 in 3Q 2022) Third quarter 2023 results: EPS: JP¥169 (up from JP¥127 in 3Q 2022). Revenue: JP¥28.8b (up 23% from 3Q 2022). Net income: JP¥5.10b (up 33% from 3Q 2022). Profit margin: 18% (up from 16% 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 28% per year, which means it is significantly lagging earnings growth. Announcement • Dec 18
Tokyo Kiraboshi Financial Group, Inc. to Report Q3, 2023 Results on Feb 01, 2023 Tokyo Kiraboshi Financial Group, Inc. announced that they will report Q3, 2023 results on Feb 01, 2023 Board Change • Nov 16
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Outside Director Shuya Nomura was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Nov 13
Second quarter 2023 earnings released: EPS: JP¥189 (vs JP¥59.45 in 2Q 2022) Second quarter 2023 results: EPS: JP¥189 (up from JP¥59.45 in 2Q 2022). Revenue: JP¥29.2b (up 39% from 2Q 2022). Net income: JP¥5.72b (up 216% from 2Q 2022). Profit margin: 20% (up from 8.6% 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 54% 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 • Sep 22
Upcoming dividend of JP¥52.50 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 02 December 2022. Payout ratio is a comfortable 13% but the company is not cash flow positive. Trailing yield: 4.7%. Within top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (4.4%). Announcement • Sep 11
Tokyo Kiraboshi Financial Group, Inc. to Report Q2, 2023 Results on Nov 11, 2022 Tokyo Kiraboshi Financial Group, Inc. announced that they will report Q2, 2023 results on Nov 11, 2022 Reported Earnings • Aug 05
First quarter 2023 earnings released: EPS: JP¥96.31 (vs JP¥93.22 in 1Q 2022) First quarter 2023 results: EPS: JP¥96.31 (up from JP¥93.22 in 1Q 2022). Revenue: JP¥30.7b (up 39% from 1Q 2022). Net income: JP¥2.91b (up 2.7% from 1Q 2022). Profit margin: 9.5% (down from 13% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Announcement • Jun 24
Tokyo Kiraboshi Financial Group, Inc. (TSE:7173) agreed to acquire Be.Brave Inc. Tokyo Kiraboshi Financial Group, Inc. (TSE:7173) agreed to acquire Be.Brave Inc. on June 22, 2022. As per the transaction Tokyo Kiraboshi Financial Group, Inc. will acquire 160 shares of Be.Brave Inc. representing 100% stake. As on January 2022, Be.Brave Inc. generated net worth of ¥204 million, total assets of ¥910 million, sales of ¥1788 million, operating income of ¥105 million and net income ¥109 million. The transaction is expected to close on July 1, 2022. Announcement • Jun 19
Tokyo Kiraboshi Financial Group, Inc. to Report Q1, 2023 Results on Aug 04, 2022 Tokyo Kiraboshi Financial Group, Inc. announced that they will report Q1, 2023 results on Aug 04, 2022 Reported Earnings • May 15
Full year 2022 earnings released: EPS: JP¥599 (vs JP¥129 in FY 2021) Full year 2022 results: EPS: JP¥599 (up from JP¥129 in FY 2021). Revenue: JP¥100.9b (up 20% from FY 2021). Net income: JP¥18.2b (up 364% from FY 2021). Profit margin: 18% (up from 4.7% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • May 14
Tokyo Kiraboshi Financial Group, Inc., Annual General Meeting, Jun 22, 2022 Tokyo Kiraboshi Financial Group, Inc., Annual General Meeting, Jun 22, 2022. Buying Opportunity • May 12
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 14%. The fair value is estimated to be JP¥2,089, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.5% over the last 3 years. Earnings per share has grown by 28%. Board Change • Apr 27
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 6 new directors. 5 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Outside Corporate Auditor Nobuko Inaba is the most experienced director on the board, commencing their role in 2014. Independent Outside Director Shuya Nomura was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Apr 08
Tokyo Kiraboshi Financial Group, Inc. to Report Fiscal Year 2022 Results on May 12, 2022 Tokyo Kiraboshi Financial Group, Inc. announced that they will report fiscal year 2022 results on May 12, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 08 June 2022. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 4.2%. Within top quartile of Japanese dividend payers (3.4%). In line with average of industry peers (4.0%). Valuation Update With 7 Day Price Move • Feb 16
Investor sentiment improved over the past week After last week's 17% share price gain to JP¥2,023, the stock trades at a trailing P/E ratio of 6.5x. Average trailing P/E is 7x in the Banks industry in Japan. Total returns to shareholders of 41% over the past three years. Reported Earnings • Feb 10
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥131 (up from JP¥37.12 in 3Q 2021). Revenue: JP¥28.3b (up 38% from 3Q 2021). Net income: JP¥3.97b (up 252% from 3Q 2021). Profit margin: 14% (up from 5.5% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. 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 7% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 11
Second quarter 2022 earnings released: EPS JP¥63.56 (vs JP¥64.94 in 2Q 2021) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2022 results: Revenue: JP¥24.2b (up 14% from 2Q 2021). Net income: JP¥1.93b (down 2.1% from 2Q 2021). Profit margin: 8.0% (down from 9.3% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 02 December 2021. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (3.0%). In line with average of industry peers (4.3%). Reported Earnings • Aug 13
First quarter 2022 earnings released: EPS JP¥93.22 (vs JP¥2.77 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥22.2b (up 8.4% from 1Q 2021). Net income: JP¥2.83b (up JP¥2.75b from 1Q 2021). Profit margin: 13% (up from 0.4% in 1Q 2021). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Executive Departure • Jul 06
Chairman Keizo Ajioka has left the company On the 29th of June, Keizo Ajioka's tenure as Chairman ended. We don't have any record of a personal shareholding under Keizo's name. A total of 3 executives have left over the last 12 months. Executive Departure • Jul 06
Independent Outside Director Ryuji Miura has left the company On the 29th of June, Ryuji Miura's tenure as Independent Outside Director ended after 6.7 years in the role. We don't have any record of a personal shareholding under Ryuji's name. A total of 3 executives have left over the last 12 months. Executive Departure • Jul 06
VP & Representative Director Yoshikazu Kitagawa has left the company On the 29th of June, Yoshikazu Kitagawa's tenure as VP & Representative Director ended. We don't have any record of a personal shareholding under Yoshikazu's name. A total of 3 executives have left over the last 12 months. Valuation Update With 7 Day Price Move • May 19
Investor sentiment improved over the past week After last week's 19% share price gain to JP¥1,422, the stock trades at a trailing P/E ratio of 10.4x. Average trailing P/E is 9x in the Banks industry in Japan. Total loss to shareholders of 37% over the past three years. Reported Earnings • May 14
Full year 2021 earnings released: EPS JP¥137 (vs JP¥244 in FY 2020) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2021 results: Revenue: JP¥84.1b (up 1.0% from FY 2020). Net income: JP¥4.16b (down 44% from FY 2020). Profit margin: 4.9% (down from 8.9% in FY 2020). Over the last 3 years on average, earnings per share has increased by 27% 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¥30.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 08 June 2021. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (2.7%). In line with average of industry peers (3.8%). Announcement • Mar 14
Tokyo Kiraboshi Financial Group, Inc. to Report Fiscal Year 2021 Results on May 12, 2021 Tokyo Kiraboshi Financial Group, Inc. announced that they will report fiscal year 2021 results on May 12, 2021 Is New 90 Day High Low • Feb 17
New 90-day high: JP¥1,251 The company is up 7.0% from its price of JP¥1,173 on 19 November 2020. The Japanese market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is up 13% over the same period. Reported Earnings • Feb 11
Third quarter 2021 earnings released: EPS JP¥37.12 (vs JP¥9.71 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥26.6b (up 36% from 3Q 2020). Net income: JP¥1.13b (up 282% from 3Q 2020). Profit margin: 4.2% (up from 1.5% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Jan 04
New 90-day low: JP¥1,085 The company is down 7.0% from its price of JP¥1,165 on 06 October 2020. The Japanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is up 1.0% over the same period. Announcement • Dec 13
Tokyo Kiraboshi Financial Group, Inc. to Report Q3, 2021 Results on Feb 09, 2021 Tokyo Kiraboshi Financial Group, Inc. announced that they will report Q3, 2021 results on Feb 09, 2021 Is New 90 Day High Low • Dec 10
New 90-day low: JP¥1,130 The company is down 7.0% from its price of JP¥1,214 on 11 September 2020. The Japanese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is down 2.0% over the same period. Reported Earnings • Dec 01
Second quarter 2021 earnings released: EPS JP¥64.94 The company reported a soft second quarter result with weaker earnings and profit margins, although revenues were improved. Second quarter 2021 results: Revenue: JP¥21.2b (up 7.9% from 2Q 2020). Net income: JP¥1.97b (down 7.6% from 2Q 2020). Profit margin: 9.3% (down from 11% in 2Q 2020). The decrease in margin was driven by higher expenses. 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 27% per year, which means it is significantly lagging earnings. Announcement • Sep 13
Tokyo Kiraboshi Financial Group, Inc. to Report Q2, 2021 Results on Nov 10, 2020 Tokyo Kiraboshi Financial Group, Inc. announced that they will report Q2, 2021 results on Nov 10, 2020 Announcement • Jun 21
Tokyo Kiraboshi Financial Group, Inc. to Report Q1, 2021 Results on Aug 07, 2020 Tokyo Kiraboshi Financial Group, Inc. announced that they will report Q1, 2021 results on Aug 07, 2020 