Announcement • Jun 27
Chugin Financial Group,Inc. to Report Q1, 2027 Results on Jul 30, 2026 Chugin Financial Group,Inc. announced that they will report Q1, 2027 results on Jul 30, 2026 Buy Or Sell Opportunity • Jun 09
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 4.5% to JP¥3,071. The fair value is estimated to be JP¥2,503, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.6% over the last 3 years. Earnings per share has grown by 25%. Revenue is forecast to grow by 88% in 2 years. Earnings are forecast to grow by 27% in the next 2 years. Buy Or Sell Opportunity • May 13
Now 20% overvalued Over the last 90 days, the stock has fallen 14% to JP¥2,971. The fair value is estimated to be JP¥2,473, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.6% over the last 3 years. Earnings per share has grown by 25%. Revenue is forecast to grow by 88% in 2 years. Earnings are forecast to grow by 27% in the next 2 years. Reported Earnings • May 05
Full year 2026 earnings: EPS and revenues exceed analyst expectations Full year 2026 results: EPS: JP¥223 (up from JP¥153 in FY 2025). Revenue: JP¥165.6b (up 35% from FY 2025). Net income: JP¥39.7b (up 45% from FY 2025). Profit margin: 24% (up from 22% in FY 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.2%. Earnings per share (EPS) also surpassed analyst estimates by 9.3%. Revenue is forecast to grow 29% p.a. on average during the next 2 years, compared to a 6.3% growth forecast for the Banks industry in Japan. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 47% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 01
Chugin Financial Group,Inc., Annual General Meeting, Jun 25, 2026 Chugin Financial Group,Inc., Annual General Meeting, Jun 25, 2026. Buy Or Sell Opportunity • Apr 28
Now 26% overvalued after recent price rise Over the last 90 days, the stock has risen 11% to JP¥3,012. The fair value is estimated to be JP¥2,384, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 22%. Revenue is forecast to grow by 108% in 2 years. Earnings are forecast to grow by 26% in the next 2 years. Board Change • Apr 25
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, 4 were independent directors. The company's board is composed of: 5 independent directors. 7 non-independent directors. Independent Outside Director Yoichiro Yatsurugi was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Announcement • Apr 22
Chugin Financial Group,Inc. to Report Fiscal Year 2026 Results on May 01, 2026 Chugin Financial Group,Inc. announced that they will report fiscal year 2026 results on May 01, 2026 New Risk • Apr 01
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 7.1% 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. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥42.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 29 June 2026. Payout ratio is a comfortable 33% but the company is not cash flow positive. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.7%). Reported Earnings • Feb 05
Third quarter 2026 earnings released: EPS: JP¥79.93 (vs JP¥32.22 in 3Q 2025) Third quarter 2026 results: EPS: JP¥79.93 (up from JP¥32.22 in 3Q 2025). Revenue: JP¥48.4b (up 18% from 3Q 2025). Net income: JP¥14.2b (up 147% from 3Q 2025). Profit margin: 29% (up from 14% in 3Q 2025). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Banks industry in Japan. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 49% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Jan 13
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 28% to JP¥2,654. The fair value is estimated to be JP¥2,192, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 4.6% over the last 3 years. Earnings per share has grown by 18%. Revenue is forecast to grow by 120% in 2 years. Earnings are forecast to grow by 60% in the next 2 years. Announcement • Dec 30
Chugin Financial Group,Inc. to Report Q3, 2026 Results on Feb 04, 2026 Chugin Financial Group,Inc. announced that they will report Q3, 2026 results on Feb 04, 2026 Declared Dividend • Dec 13
First half dividend of JP¥42.00 announced Shareholders will receive a dividend of JP¥42.00. Ex-date: 30th March 2026 Payment date: 29th June 2026 Dividend yield will be 3.3%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 16% 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. EPS is expected to grow by 77% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • Dec 05
New major risk - Revenue size The company makes less than US$1m in revenue. This is considered a major risk. Companies with a small amount of revenue 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. This is currently the only risk that has been identified for the company. Reported Earnings • Nov 18
Second quarter 2026 earnings released: EPS: JP¥42.04 (vs JP¥29.05 in 2Q 2025) Second quarter 2026 results: EPS: JP¥42.04 (up from JP¥29.05 in 2Q 2025). Revenue: JP¥38.9b (up 34% from 2Q 2025). Net income: JP¥7.48b (up 43% from 2Q 2025). Profit margin: 19% (up from 18% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Banks industry in Japan. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥37.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 09 December 2025. Payout ratio is a comfortable 40% but the company is not cash flow positive. Trailing yield: 3.4%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (3.1%). Announcement • Sep 01
Chugin Financial Group,Inc. to Report Q2, 2026 Results on Nov 14, 2025 Chugin Financial Group,Inc. announced that they will report Q2, 2026 results on Nov 14, 2025 Reported Earnings • Jul 31
First quarter 2026 earnings released: EPS: JP¥55.27 (vs JP¥51.79 in 1Q 2025) First quarter 2026 results: EPS: JP¥55.27 (up from JP¥51.79 in 1Q 2025). Revenue: JP¥38.1b (up 15% from 1Q 2025). Net income: JP¥9.89b (up 5.2% from 1Q 2025). Profit margin: 26% (down from 28% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Banks industry in Japan. 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 28% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Jul 09
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Outside Director Yoichiro Yatsurugi was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • Jul 09
Final dividend of JP¥37.00 announced Shareholders will receive a dividend of JP¥37.00. Ex-date: 29th September 2025 Payment date: 9th December 2025 Dividend yield will be 4.1%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 15% 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. EPS is expected to grow by 54% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 03
Chugin Financial Group,Inc. to Report Q1, 2026 Results on Jul 30, 2025 Chugin Financial Group,Inc. announced that they will report Q1, 2026 results on Jul 30, 2025 Reported Earnings • May 17
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: JP¥153 (up from JP¥117 in FY 2024). Revenue: JP¥123.1b (up 8.3% from FY 2024). Net income: JP¥27.4b (up 28% from FY 2024). Profit margin: 22% (up from 19% in FY 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) exceeded analyst estimates by 4.0%. Revenue is forecast to grow 33% p.a. on average during the next 2 years, compared to a 3.3% decline forecast for the Banks industry in Japan. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • May 16
Now 22% undervalued Over the last 90 days, the stock has risen 4.7% to JP¥1,672. The fair value is estimated to be JP¥2,133, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 11%. Revenue is forecast to grow by 103% in 2 years. Earnings are forecast to grow by 70% in the next 2 years. Announcement • May 15
Chugin Financial Group,Inc. (TSE:5832) announces an Equity Buyback for 2,500,000 shares, representing 1.35% for ¥3,000 million. Chugin Financial Group,Inc. (TSE:5832) announces a share repurchase program. Under the program, the company will repurchase up to 2,500,000 shares, representing 1.35% of its share capital, for ¥3,000 million. The purpose of the program is to improve capital efficiency through capital control to increase corporate value and to increase return of profits to shareholders. The program will expire on August 31, 2025. As of April 30, 2025, the company had 184,771,461 shares in issue (excluding treasury stock) and 5,860,146 shares in treasury. Announcement • May 14
Chugin Financial Group,Inc., Annual General Meeting, Jun 26, 2025 Chugin Financial Group,Inc., Annual General Meeting, Jun 26, 2025. 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to JP¥1,405, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 11x in the Banks industry in Japan. Total returns to shareholders of 75% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,916 per share. Buy Or Sell Opportunity • Mar 31
Now 21% undervalued Over the last 90 days, the stock has risen 2.3% to JP¥1,676. The fair value is estimated to be JP¥2,111, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 11%. Revenue is forecast to grow by 103% in 2 years. Earnings are forecast to grow by 62% in the next 2 years. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥29.50 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 27 June 2025. Payout ratio is a comfortable 45% but the company is not cash flow positive. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (3.1%). Announcement • Mar 12
Chugin Financial Group,Inc. to Report Fiscal Year 2025 Results on May 13, 2025 Chugin Financial Group,Inc. announced that they will report fiscal year 2025 results on May 13, 2025 Price Target Changed • Feb 11
Price target increased by 9.8% to JP¥1,795 Up from JP¥1,635, the current price target is an average from 2 analysts. New target price is 17% above last closing price of JP¥1,534. Stock is up 42% over the past year. The company is forecast to post earnings per share of JP¥150 for next year compared to JP¥117 last year. Reported Earnings • Feb 05
Third quarter 2025 earnings released: EPS: JP¥32.22 (vs JP¥43.60 in 3Q 2024) Third quarter 2025 results: EPS: JP¥32.22 (down from JP¥43.60 in 3Q 2024). Revenue: JP¥40.9b (up 33% from 3Q 2024). Net income: JP¥5.76b (down 27% from 3Q 2024). Profit margin: 14% (down from 26% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 03
Chugin Financial Group,Inc. to Report Q3, 2025 Results on Feb 04, 2025 Chugin Financial Group,Inc. announced that they will report Q3, 2025 results on Feb 04, 2025 Declared Dividend • Dec 10
First half dividend of JP¥29.50 announced Shareholders will receive a dividend of JP¥29.50. Ex-date: 28th March 2025 Payment date: 27th June 2025 Dividend yield will be 3.4%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 13% 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. EPS is expected to grow by 58% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 09
Second quarter 2025 earnings released: EPS: JP¥29.05 (vs JP¥43.60 in 2Q 2024) Second quarter 2025 results: EPS: JP¥29.05 (down from JP¥43.60 in 2Q 2024). Revenue: JP¥33.0b (up 7.3% from 2Q 2024). Net income: JP¥5.22b (down 34% from 2Q 2024). Profit margin: 16% (down from 26% 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 12% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Nov 05
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 Yoichiro Yatsurugi was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Buy Or Sell Opportunity • Oct 08
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 14% to JP¥1,442. The fair value is estimated to be JP¥1,814, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.2% over the last 3 years. Earnings per share has grown by 11%. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥26.50 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 06 December 2024. Payout ratio is a comfortable 36% but the company is not cash flow positive. Trailing yield: 3.7%. Lower than top quartile of Japanese dividend payers (3.8%). In line with average of industry peers (3.5%). Announcement • Sep 03
Chugin Financial Group,Inc. to Report Q2, 2025 Results on Nov 08, 2024 Chugin Financial Group,Inc. announced that they will report Q2, 2025 results on Nov 08, 2024 Buy Or Sell Opportunity • Aug 26
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 6.3% to JP¥1,523. The fair value is estimated to be JP¥1,922, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.2% over the last 3 years. Earnings per share has grown by 11%. Revenue is forecast to grow by 66% in a year. Earnings are forecast to grow by 4.9% in the next year. Valuation Update With 7 Day Price Move • Aug 07
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥1,435, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 10x in the Banks industry in Japan. Total returns to shareholders of 85% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,924 per share. 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 5.6% 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. This is currently the only risk that has been identified for the company. Buy Or Sell Opportunity • Aug 02
Now 21% undervalued Over the last 90 days, the stock has risen 17% to JP¥1,511. The fair value is estimated to be JP¥1,920, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.4% over the last 3 years. Earnings per share has grown by 11%. Revenue is forecast to grow by 64% in a year. Earnings are forecast to grow by 4.9% in the next year. Reported Earnings • Aug 01
First quarter 2025 earnings released: EPS: JP¥51.79 (vs JP¥39.17 in 1Q 2024) First quarter 2025 results: EPS: JP¥51.79 (up from JP¥39.17 in 1Q 2024). Revenue: JP¥33.1b (up 13% from 1Q 2024). Net income: JP¥9.40b (up 31% from 1Q 2024). Profit margin: 28% (up from 24% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 29% p.a. on average during the next 2 years, while revenues in the Banks industry in Japan are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Jun 23
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: JP¥117 (up from JP¥111 in FY 2023). Revenue: JP¥113.7b (down 24% from FY 2023). Net income: JP¥21.4b (up 4.5% from FY 2023). Profit margin: 19% (up from 14% in FY 2023). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) also surpassed analyst estimates by 10%. Revenue is forecast to grow 27% p.a. on average during the next 2 years, compared to a 1.7% decline forecast for the Banks industry in Japan. Over the last 3 years on average, earnings per share has increased by 11% 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 • May 12
Chugin Financial Group,Inc., Annual General Meeting, Jun 26, 2024 Chugin Financial Group,Inc., Annual General Meeting, Jun 26, 2024. Announcement • May 11
Chugin Financial Group,Inc. (TSE:5832) announces an Equity Buyback for 4,000,000 shares, representing 2.16% for ¥5,000 million. Chugin Financial Group,Inc. (TSE:5832) announces a share repurchase program. Under the program, the company will repurchase up to 4,000,000 shares, representing 2.16% of its share capital, for ¥5,000 million. The purpose of the program is to improve capital efficiency through capital control to increase corporate value and to increase return of profits to shareholders. The program will expire on October 31, 2024. As of April 30, 2024, the company had 184,771,461 shares in issue (excluding treasury stock) and 2,809,735 shares in treasury. Buy Or Sell Opportunity • May 07
Now 21% undervalued Over the last 90 days, the stock has risen 18% to JP¥1,273. The fair value is estimated to be JP¥1,609, 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 14%. Revenue is forecast to grow by 70% in 2 years. Earnings are forecast to grow by 29% in the next 2 years. Buy Or Sell Opportunity • Apr 16
Now 23% undervalued Over the last 90 days, the stock has risen 25% to JP¥1,261. The fair value is estimated to be JP¥1,631, 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 14%. Revenue is forecast to grow by 70% in 2 years. Earnings are forecast to grow by 29% in the next 2 years. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 26 June 2024. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (2.9%). Buy Or Sell Opportunity • Mar 11
Now 21% undervalued Over the last 90 days, the stock has risen 11% to JP¥1,189. The fair value is estimated to be JP¥1,504, 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 14%. Buying Opportunity • Dec 14
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 10%. The fair value is estimated to be JP¥1,334, 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. Earnings per share has grown by 19%. Buying Opportunity • Nov 27
Now 20% undervalued Over the last 90 days, the stock is up 12%. The fair value is estimated to be JP¥1,350, 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. Earnings per share has grown by 19%. Announcement • Nov 24
Chugin Financial Group,Inc. to Report Q3, 2024 Results on Feb 02, 2024 Chugin Financial Group,Inc. announced that they will report Q3, 2024 results on Feb 02, 2024 Buying Opportunity • Oct 04
Now 22% undervalued Over the last 90 days, the stock is up 23%. The fair value is estimated to be JP¥1,374, 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. Earnings per share has grown by 19%. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥15.00 per share at 2.6% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 06 December 2023. Payout ratio is a comfortable 31% but the company is not cash flow positive. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.3%). Lower than average of industry peers (3.2%). Announcement • Sep 03
Chugin Financial Group,Inc. to Report Q2, 2024 Results on Nov 10, 2023 Chugin Financial Group,Inc. announced that they will report Q2, 2024 results on Nov 10, 2023 Buying Opportunity • Aug 01
Now 22% undervalued Over the last 90 days, the stock is up 3.3%. The fair value is estimated to be JP¥1,193, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 19%. For the next 3 years, revenue is forecast to decline by 1.3% per annum. Earnings is forecast to grow by 0.05% per annum over the same time period. Reported Earnings • Jul 29
First quarter 2024 earnings released: EPS: JP¥39.17 (vs JP¥44.98 in 1Q 2023) First quarter 2024 results: EPS: JP¥39.17 (down from JP¥44.98 in 1Q 2023). Revenue: JP¥30.8b (down 38% from 1Q 2023). Net income: JP¥7.20b (down 14% from 1Q 2023). Profit margin: 23% (up from 17% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is expected to fall by 1.3% p.a. on average during the next 3 years compared to a 2.8% decline forecast for the Banks industry in Japan. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Jul 05
Now 21% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be JP¥1,113, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 21%. For the next 3 years, revenue is forecast to decline by 4.3% per annum. Earnings is also forecast to decline by 1.1% per annum over the same time period. Announcement • Jun 29
Chugin Financial Group,Inc. to Report Q1, 2024 Results on Jul 28, 2023 Chugin Financial Group,Inc. announced that they will report Q1, 2024 results on Jul 28, 2023 Reported Earnings • Jun 21
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: JP¥111 (up from JP¥98.43 in FY 2022). Revenue: JP¥149.2b (up 29% from FY 2022). Net income: JP¥20.5b (up 11% from FY 2022). Profit margin: 14% (down from 16% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 69%. Earnings per share (EPS) also surpassed analyst estimates by 7.9%. Revenue is expected to fall by 4.3% p.a. on average during the next 3 years compared to a 5.0% decline forecast for the Banks industry in Japan. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Buying Opportunity • May 22
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 9.9%. The fair value is estimated to be JP¥1,116, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 21%. For the next 3 years, revenue is forecast to decline by 5.4% per annum. Earnings is also forecast to decline by 1.3% per annum over the same time period. Reported Earnings • May 16
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: JP¥111 (up from JP¥98.43 in FY 2022). Revenue: JP¥149.7b (up 30% from FY 2022). Net income: JP¥20.5b (up 11% from FY 2022). Profit margin: 14% (down from 16% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 69%. Earnings per share (EPS) also surpassed analyst estimates by 7.9%. Revenue is forecast to decline by 5.1% p.a. on average during the next 3 years, while revenues in the Banks industry in Japan are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • May 14
Chugin Financial Group,Inc., Annual General Meeting, Jun 23, 2023 Chugin Financial Group,Inc., Annual General Meeting, Jun 23, 2023. Announcement • May 13
Chugin Financial Group,Inc. (TSE:5832) announces an Equity Buyback for 2,400,000 shares, representing 1.3% for ¥2,000 million. Chugin Financial Group,Inc. (TSE:5832) announces a share repurchase program. Under the program, the company will repurchase up to 2,400,000 shares, representing 1.3% of its total shares outstanding (excluding treasury shares), for a total of ¥2,000 million. The purpose of the program is to return profits to shareholders through improved capital efficiency. The repurchase program is valid till November 10, 2023. As of April 30, 2023, the company had 184,771,461 shares outstanding (excluding treasury shares) and had 1,071,607 shares in treasury. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥16.00 per share at 3.4% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 27 June 2023. Trailing yield: 3.4%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (4.0%). Announcement • Nov 29
Chugin Financial Group,Inc. to Report Q3, 2023 Results on Feb 02, 2023 Chugin Financial Group,Inc. announced that they will report Q3, 2023 results on Feb 02, 2023