Reported Earnings • Jan 28
First half 2026 earnings released: EPS: HK$0.038 (vs HK$0.046 in 1H 2025) First half 2026 results: EPS: HK$0.038 (down from HK$0.046 in 1H 2025). Revenue: HK$1.20b (down 5.8% from 1H 2025). Net income: HK$27.5m (down 17% from 1H 2025). Profit margin: 2.3% (down from 2.6% in 1H 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 38% per year, which means it has not declined as severely as earnings. Reported Earnings • Dec 23
First half 2026 earnings released: EPS: HK$0.038 (vs HK$0.046 in 1H 2025) First half 2026 results: EPS: HK$0.038 (down from HK$0.046 in 1H 2025). Revenue: HK$1.20b (down 5.8% from 1H 2025). Net income: HK$27.5m (down 17% from 1H 2025). Profit margin: 2.3% (down from 2.6% in 1H 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 36% per year, which means it has not declined as severely as earnings. Declared Dividend • Dec 22
First half dividend of HK$0.03 announced Shareholders will receive a dividend of HK$0.03. Ex-date: 5th January 2026 Payment date: 4th February 2026 Dividend yield will be 6.2%, which is higher than the industry average of 5.5%. Sustainability & Growth Dividend is well covered by both earnings (25% earnings payout ratio) and cash flows (6% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 72% to shift the payout ratio to a potentially unsustainable range, which is more than the 31% EPS decline seen over the last 5 years. Announcement • Dec 20
International Housewares Retail Company Limited Announces Ordinary Interim Dividend for the Six Months Ended October 31, 2025, Payable on February 4, 2026 International Housewares Retail Company Limited announced interim dividend for the six months ended October 31, 2025, payable on February 4, 2026. For the period, the company reported a ordinary dividend of HKD 0.03 per share with record date of 09 January 2026 and Ex-dividend date of 05 January 2026. Announcement • Dec 09
International Housewares Retail Company Limited to Report First Half, 2026 Results on Dec 19, 2025 International Housewares Retail Company Limited announced that they will report first half, 2026 results on Dec 19, 2025 Announcement • Sep 25
International Housewares Retail Company Limited Approves Final Dividend for the Year Ended 30 April 2025 International Housewares Retail Company Limited at its AGM held on September 25, 2025, approved to declare a final dividend of HK 1.5 cents per share for the year ended 30 April 2025. Upcoming Dividend • Sep 23
Upcoming dividend of HK$0.015 per share Eligible shareholders must have bought the stock before 30 September 2025. Payment date: 24 October 2025. Payout ratio is on the higher end at 83%, however this is supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of Hong Kong dividend payers (6.6%). Higher than average of industry peers (2.0%). Reported Earnings • Aug 31
Full year 2025 earnings released: EPS: HK$0.066 (vs HK$0.14 in FY 2024) Full year 2025 results: EPS: HK$0.066 (down from HK$0.14 in FY 2024). Revenue: HK$2.54b (down 5.6% from FY 2024). Net income: HK$47.7m (down 53% from FY 2024). Profit margin: 1.9% (down from 3.8% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 34% per year, which means it has not declined as severely as earnings. Declared Dividend • Jul 27
Final dividend of HK$0.015 announced Shareholders will receive a dividend of HK$0.015. Ex-date: 30th September 2025 Payment date: 24th October 2025 Dividend yield will be 6.0%, which is higher than the industry average of 5.5%. Sustainability & Growth Dividend is covered by both earnings (83% earnings payout ratio) and cash flows (5% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 7.9% to shift the payout ratio to a potentially unsustainable range, which is less than the 21% EPS decline seen over the last 5 years. Reported Earnings • Jul 26
Full year 2025 earnings released: EPS: HK$0.066 (vs HK$0.14 in FY 2024) Full year 2025 results: EPS: HK$0.066 (down from HK$0.14 in FY 2024). Revenue: HK$2.54b (down 5.6% from FY 2024). Net income: HK$47.7m (down 53% from FY 2024). Profit margin: 1.9% (down from 3.8% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 32% per year, which means it has not declined as severely as earnings. Announcement • Jul 25
International Housewares Retail Company Limited, Annual General Meeting, Sep 25, 2025 International Housewares Retail Company Limited, Annual General Meeting, Sep 25, 2025. Announcement • Jul 14
International Housewares Retail Company Limited to Report Fiscal Year 2025 Results on Jul 25, 2025 International Housewares Retail Company Limited announced that they will report fiscal year 2025 results on Jul 25, 2025 Reported Earnings • Jan 27
First half 2025 earnings released: EPS: HK$0.046 (vs HK$0.071 in 1H 2024) First half 2025 results: EPS: HK$0.046 (down from HK$0.071 in 1H 2024). Revenue: HK$1.27b (down 3.9% from 1H 2024). Net income: HK$33.0m (down 35% from 1H 2024). Profit margin: 2.6% (down from 3.8% in 1H 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 30% per year whereas the company’s share price has fallen by 25% per year. Declared Dividend • Dec 23
First half dividend of announced Shareholders will receive a dividend of . Sustainability & Growth Dividend is covered by both earnings (83% earnings payout ratio) and cash flows (14% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 7.8% to shift the payout ratio to a potentially unsustainable range, which is similar to the EPS decline seen over the last 5 years. Reported Earnings • Dec 23
First half 2025 earnings released: EPS: HK$0.046 (vs HK$0.071 in 1H 2024) First half 2025 results: EPS: HK$0.046 (down from HK$0.071 in 1H 2024). Revenue: HK$1.27b (down 3.9% from 1H 2024). Net income: HK$33.0m (down 35% from 1H 2024). Profit margin: 2.6% (down from 3.8% in 1H 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 30% per year whereas the company’s share price has fallen by 29% per year. Announcement • Dec 20
International Housewares Retail Company Limited Announces Interim Cash Dividend for the Six Months Ended 31 October 2024, Payable on 05 February 2025 International Housewares Retail Company Limited announced interim cash dividend of HKD 0.04 per share for the six months ended 31 October 2024, payable on 05 February 2025. Record date is 10 January 2025. Ex-dividend date is 06 January 2025. Announcement • Dec 10
International Housewares Retail Company Limited to Report First Half, 2025 Results on Dec 20, 2024 International Housewares Retail Company Limited announced that they will report first half, 2025 results on Dec 20, 2024 New Risk • Oct 17
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: HK$777.3m (US$100.0m) 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 Risk Earnings have declined by 0.7% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (3.8% net profit margin). Market cap is less than US$100m (HK$777.3m market cap, or US$100.0m). Board Change • Oct 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 4 highly experienced directors. Independent Non-Executive Director Terry Ng was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Sep 26
International Housewares Retail Company Limited Declares Final Dividend for the Year Ended April 30, 2024 International Housewares Retail Company Limited declared final dividend of 5.6 Hong Kong cents per share for the year ended April 30, 2024, at its AGM held on 26 September 2024. Upcoming Dividend • Sep 25
Upcoming dividend of HK$0.056 per share Eligible shareholders must have bought the stock before 02 October 2024. Payment date: 24 October 2024. Payout ratio is on the higher end at 80%, however this is supported by cash flows. Trailing yield: 9.8%. Within top quartile of Hong Kong dividend payers (8.4%). Higher than average of industry peers (6.5%). New Risk • Sep 16
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: HK$777.3m (US$99.7m) 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 Risk Earnings have declined by 0.7% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (3.8% net profit margin). Market cap is less than US$100m (HK$777.3m market cap, or US$99.7m). Announcement • Jul 29
International Housewares Retail Company Limited, Annual General Meeting, Sep 26, 2024 International Housewares Retail Company Limited, Annual General Meeting, Sep 26, 2024. Declared Dividend • Jul 29
Final dividend of HK$0.056 announced Shareholders will receive a dividend of HK$0.056. Ex-date: 2nd October 2024 Payment date: 24th October 2024 Dividend yield will be 9.0%, which is higher than the industry average of 5.5%. Sustainability & Growth Dividend is covered by both earnings (80% earnings payout ratio) and cash flows (22% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 11% to shift the payout ratio to a potentially unsustainable range, which is more than the 3.3% EPS decline seen over the last 5 years. Reported Earnings • Jul 27
Full year 2024 earnings released: EPS: HK$0.14 (vs HK$0.25 in FY 2023) Full year 2024 results: EPS: HK$0.14 (down from HK$0.25 in FY 2023). Revenue: HK$2.69b (down 4.9% from FY 2023). Net income: HK$101.1m (down 44% from FY 2023). Profit margin: 3.8% (down from 6.4% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 23% per year whereas the company’s share price has fallen by 25% per year. Announcement • Jul 13
International Housewares Retail Company Limited to Report Q4, 2024 Results on Jul 26, 2024 International Housewares Retail Company Limited announced that they will report Q4, 2024 results on Jul 26, 2024 Announcement • Jul 12
International Housewares Retail Company Limited Provides Consolidated Earnings Guidance for the Year Ended April 30, 2024 International Housewares Retail Company Limited provided consolidated earnings guidance for the year ended April 30, 2024. for the year, the Group is expected to record a decrease in profit attributable to owners of the Company for the Year within a range of approximately 32% to 38%, as compared to the adjusted profit attributable to owners of the Company of HKD 149,634,000 for the year ended 30 April 2023 of which is excluding grants under the Employment Support Scheme by the Government of the Hong Kong Special Administrative Region of HKD 31,937,000. The Board considers that the decrease in the profit attributable to owners of the Company for the Year as mentioned above is mainly attributable to the following factors: 1. Firstly, the Group's revenue for the Year turned to an approximately 4.9% decline due to the high base set Last Year which caused by the surging demand for anti-pandemic supplies during the COVID-19 epidemic in Hong Kong; and 2. Secondly, an increase in operating costs for the Year was observed, due to the increase of cost of human resources in the first half of the Year, coupled with the expiration of the rent concession from the Hong Kong Housing Authority at the end of the last calendar year. In this regard, its stringent measures to tighten control on relevant costs as well as active negotiations with landlords have yielded results. In addition, the Group has made strategic investments in logistics which involved one-time additional expenses for relocation and upgrades of its main distribution hub in Hong Kong, which is essential for enhancing its central distribution base for globally sourced merchandise distribution efficiency and strengthening its position in the Hong Kong market. Recent Insider Transactions • Apr 06
Co-Founder & Honorary Chairman recently bought HK$289k worth of stock On the 2nd of April, Pak Fai Lau bought around 217k shares on-market at roughly HK$1.33 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth HK$521k. Pak Fai has been a buyer over the last 12 months, purchasing a net total of HK$10m worth in shares. Recent Insider Transactions • Feb 22
Co-Founder & Honorary Chairman recently bought HK$328k worth of stock On the 19th of February, Pak Fai Lau bought around 219k shares on-market at roughly HK$1.50 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth HK$683k. Pak Fai has been a buyer over the last 12 months, purchasing a net total of HK$8.6m worth in shares. Reported Earnings • Jan 31
First half 2024 earnings released: EPS: HK$0.071 (vs HK$0.15 in 1H 2023) First half 2024 results: EPS: HK$0.071 (down from HK$0.15 in 1H 2023). Revenue: HK$1.32b (down 4.6% from 1H 2023). Net income: HK$50.8m (down 54% from 1H 2023). Profit margin: 3.8% (down from 8.0% in 1H 2023). Over the last 3 years on average, earnings per share has fallen by 17% per year and the company’s share price has also fallen by 17% per year. Buy Or Sell Opportunity • Jan 19
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 34% to HK$1.41. The fair value is estimated to be HK$1.78, 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 declined by 17%. Upcoming Dividend • Dec 29
Upcoming dividend of HK$0.056 per share at 8.1% yield Eligible shareholders must have bought the stock before 05 January 2024. Payment date: 02 February 2024. Payout ratio is on the higher end at 80%, however this is supported by cash flows. Trailing yield: 8.1%. Lower than top quartile of Hong Kong dividend payers (8.3%). Higher than average of industry peers (5.0%). Reported Earnings • Dec 24
First half 2024 earnings released: EPS: HK$0.071 (vs HK$0.15 in 1H 2023) First half 2024 results: EPS: HK$0.071 (down from HK$0.15 in 1H 2023). Revenue: HK$1.32b (down 4.6% from 1H 2023). Net income: HK$50.8m (down 54% from 1H 2023). Profit margin: 3.8% (down from 8.0% in 1H 2023). Over the last 3 years on average, earnings per share has fallen by 17% per year whereas the company’s share price has fallen by 15% per year. New Risk • Dec 22
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.4% Last year net profit margin: 7.9% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. 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. Profit margins are more than 30% lower than last year (4.4% net profit margin). Announcement • Dec 13
International Housewares Retail Company Limited Provides Unaudited Consolidated Earnings Guidance for the Six Months Ended 31, October 2023 International Housewares Retail Company Limited provided unaudited consolidated earnings guidance for the six months ended 31, October 2023. For the period, the group is expected to record a decrease in profit attributable to owners of the Company within a range of approximately 32% to 38% for the Period, as compared to the adjusted profit attributable to the owners of the Company of approximately HKD 78 million which is excluding subsidies in relation to the coronavirus disease COVID-19, for the six months ended 31 October 2022 (the "Corresponding Period"). The Board considers that the decrease in the profit attributable to owners of the Company for the Period is mainly attributable to the following factors: The absence of grants from the Government of the Hong Kong Special Administrative Region in the Period as compared to the receipts of grants under the "Employment Support Scheme" due to the outbreak of COVID-19 of approximately HKD 32 million, and The increase in operating costs for the Period was mainly in relation to the increase of staff cost for the experienced employees, as well as one-off expenses for relocating and upgrading warehouse in Hong Kong, which enabled to secure a better location and enhance logistic efficiency, and The Group's revenue for the Period turned to an approximately 4.7% decline against the Corresponding Period, which had a high base due to the surging demand for anti- pandemic supplies during the COVID-19 epidemic in Hong Kong. The revenue for the Period also softened as more people travelled abroad after the travel restrictions were lifted in Hong Kong. In addition, the extreme conditions brought about by the black rainstorm associated with typhoon in Hong Kong in September and October, which damaged the facilities in retail stores and disrupted business operations, resulted in a loss of business days in this Period. Announcement • Dec 12
International Housewares Retail Company Limited to Report Q2, 2024 Results on Dec 21, 2023 International Housewares Retail Company Limited announced that they will report Q2, 2024 results on Dec 21, 2023 Recent Insider Transactions • Oct 10
Co-Founder & Honorary Chairman recently bought HK$594k worth of stock On the 5th of October, Pak Fai Lau bought around 273k shares on-market at roughly HK$2.18 per share. This transaction amounted to 1.0% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Pak Fai has been a buyer over the last 12 months, purchasing a net total of HK$4.3m worth in shares. Upcoming Dividend • Sep 27
Upcoming dividend of HK$0.10 per share at 9.7% yield Eligible shareholders must have bought the stock before 04 October 2023. Payment date: 24 October 2023. Payout ratio is on the higher end at 79%, however this is supported by cash flows. Trailing yield: 9.7%. Within top quartile of Hong Kong dividend payers (8.0%). Higher than average of industry peers (4.6%). Reported Earnings • Aug 30
Full year 2023 earnings released: EPS: HK$0.25 (vs HK$0.31 in FY 2022) Full year 2023 results: EPS: HK$0.25 (down from HK$0.31 in FY 2022). Revenue: HK$2.83b (down 3.2% from FY 2022). Net income: HK$181.6m (down 18% from FY 2022). Profit margin: 6.4% (down from 7.6% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year and the company’s share price has also fallen by 2% per year. Buying Opportunity • Aug 16
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 19%. The fair value is estimated to be HK$3.00, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.5% over the last 3 years, while earnings per share has been flat. Reported Earnings • Jul 29
Full year 2023 earnings released: EPS: HK$0.25 (vs HK$0.31 in FY 2022) Full year 2023 results: EPS: HK$0.25 (down from HK$0.31 in FY 2022). Revenue: HK$2.83b (down 3.2% from FY 2022). Net income: HK$181.6m (down 18% from FY 2022). Profit margin: 6.4% (down from 7.6% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Announcement • Jul 29
International Housewares Retail Company Limited, Annual General Meeting, Sep 26, 2023 International Housewares Retail Company Limited, Annual General Meeting, Sep 26, 2023. New Risk • Jul 21
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended October 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported October 2022 fiscal period end). Large one-off items impacting financial results. Announcement • Jul 15
International Housewares Retail Company Limited to Report Fiscal Year 2023 Results on Jul 27, 2023 International Housewares Retail Company Limited announced that they will report fiscal year 2023 results on Jul 27, 2023 Upcoming Dividend • Dec 30
Upcoming dividend of HK$0.12 per share Eligible shareholders must have bought the stock before 06 January 2023. Payment date: 31 January 2023. Payout ratio is a comfortable 73% and this is well supported by cash flows. Trailing yield: 9.6%. Within top quartile of Hong Kong dividend payers (8.4%). Higher than average of industry peers (3.7%). Reported Earnings • Dec 22
First half 2023 earnings released: EPS: HK$0.15 (vs HK$0.13 in 1H 2022) First half 2023 results: EPS: HK$0.15 (up from HK$0.13 in 1H 2022). Revenue: HK$1.39b (up 5.5% from 1H 2022). Net income: HK$110.4m (up 16% from 1H 2022). Profit margin: 8.0% (up from 7.2% in 1H 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 16% per year. Announcement • Dec 22
International Housewares Retail Company Limited Announces Interim Dividend, Payable on or Around 31 January 2023 International Housewares Retail Company Limited announced that the Board has resolved to declare an interim dividend of HKD 12.0 cents per share, representing a total payout of approximately HKD 86,380,000 (2021/22: approximately HKD 105,600,000). Shareholders whose names appear on the register of members of the Company on Friday, 13 January 2023 will be entitled to the interim dividend which will be paid on or around Tuesday, 31 January 2023. Announcement • Dec 10
International Housewares Retail Company Limited to Report First Half, 2023 Results on Dec 21, 2022 International Housewares Retail Company Limited announced that they will report first half, 2023 results on Dec 21, 2022 Recent Insider Transactions Derivative • Nov 02
Co-Founder & Honorary Chairman exercised options to buy HK$924k worth of stock. On the 24th of October, Pak Fai Lau exercised options to buy 350k shares at a strike price of around HK$1.93, costing a total of HK$676k. This transaction amounted to 1.4% of their direct individual holding at the time of the trade. Since June 2022, Pak Fai's direct individual holding has increased from 23.37m shares to 25.39m. Company insiders have collectively bought HK$26m more than they sold, via options and on-market transactions, in the last 12 months. Recent Insider Transactions • Nov 02
Co-Founder & Honorary Chairman recently bought HK$660k worth of stock On the 25th of October, Pak Fai Lau bought around 250k shares on-market at roughly HK$2.64 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth HK$753k. Pak Fai has been a buyer over the last 12 months, purchasing a net total of HK$12m worth in shares. Recent Insider Transactions • Oct 25
Co-Founder & Honorary Chairman recently bought HK$532k worth of stock On the 18th of October, Pak Fai Lau bought around 200k shares on-market at roughly HK$2.66 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth HK$753k. Pak Fai has been a buyer over the last 12 months, purchasing a net total of HK$11m worth in shares. Announcement • Sep 30
International Housewares Retail Company Limited Approves Final Dividend for the Year Ended 30 April 2022 International Housewares Retail Company Limited announced that at its AGM held on September 29, 2022, shareholders approved to declare the final dividend of 12.0 Hong Kong cents per share for the year ended 30 April 2022. Upcoming Dividend • Sep 28
Upcoming dividend of HK$0.12 per share Eligible shareholders must have bought the stock before 05 October 2022. Payment date: 24 October 2022. Payout ratio is a comfortable 73% and this is well supported by cash flows. Trailing yield: 9.5%. Within top quartile of Hong Kong dividend payers (8.7%). Higher than average of industry peers (4.0%). Reported Earnings • Sep 01
Full year 2022 earnings released: EPS: HK$0.31 (vs HK$0.36 in FY 2021) Full year 2022 results: EPS: HK$0.31 (down from HK$0.36 in FY 2021). Revenue: HK$2.92b (up 8.5% from FY 2021). Net income: HK$220.8m (down 13% from FY 2021). Profit margin: 7.6% (down from 9.5% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Aug 04
Co-Founder & Honorary Chairman recently bought HK$576k worth of stock On the 29th of July, Pak Fai Lau bought around 200k shares on-market at roughly HK$2.88 per share. In the last 3 months, there was an even bigger purchase from another insider worth HK$2.6m. Pak Fai has been a buyer over the last 12 months, purchasing a net total of HK$6.0m worth in shares. Reported Earnings • Jul 30
Full year 2022 earnings released: EPS: HK$0.31 (vs HK$0.36 in FY 2021) Full year 2022 results: EPS: HK$0.31 (down from HK$0.36 in FY 2021). Revenue: HK$2.92b (up 8.5% from FY 2021). Net income: HK$220.8m (down 13% from FY 2021). Profit margin: 7.6% (down from 9.5% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Announcement • Jul 16
International Housewares Retail Company Limited to Report Fiscal Year 2022 Results on Jul 28, 2022 International Housewares Retail Company Limited announced that they will report fiscal year 2022 results on Jul 28, 2022 Announcement • Jul 01
International Housewares Retail Company Limited Announces Executive Changes The board of directors of International Housewares Retail Company Limited announced that Mr. Lee Kun Yin has tendered his resignation as the company secretary of the Company (the "Company Secretary") with effect from 30 June 2022. Mr. Lee KunY i n confirmed that he has no disagreement with the Board and there are no matters that need to be brought to the attention of The Stock Exchange of Hong Kong Limited and shareholders of the Company relating to his resignation. The Board further announces that Mr. Lee Chung Shing has been appointed as the Company Secretary with effect from 30 June 2022. Mr. Lee Chung Shing is currently the assistant vice president of the governance services department of Computershare Hong Kong Investor Services Limited. He has over 20 years of professional experiences in listed companies audit, finance, risk management, investor relation and company secretarial services. Mr. Lee Chung Shing holds a bachelor's degree in accountancy and a master's degree in business administration. He is an associate member of Hong Kong Institute of Certified Public Accountant and fellow member of the Association of Chartered Certified Accountants. Recent Insider Transactions • May 14
Co-Founder recently bought HK$2.6m worth of stock On the 11th of May, Lai Ha Ngai bought around 966k shares on-market at roughly HK$2.67 per share. This was the largest purchase by an insider in the last 3 months. Lai Ha has been a buyer over the last 12 months, purchasing a net total of HK$5.3m worth in shares. Upcoming Dividend • Dec 31
Upcoming dividend of HK$0.15 per share Eligible shareholders must have bought the stock before 07 January 2022. Payment date: 08 February 2022. Payout ratio is on the higher end at 85%, however this is supported by cash flows. Trailing yield: 7.1%. Within top quartile of Hong Kong dividend payers (7.1%). Higher than average of industry peers (2.3%). Reported Earnings • Dec 25
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: EPS: HK$0.13 (down from HK$0.24 in 1H 2021). Revenue: HK$1.31b (flat on 1H 2021). Net income: HK$95.1m (down 44% from 1H 2021). Profit margin: 7.2% (down from 13% in 1H 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Announcement • Dec 24
International Housewares Retail Company Limited Announces Special Dividend, Payable on or Around 8 February 2022 International Housewares Retail Company Limited announced interim dividend, the Board has resolved to declare an interim dividend of 10.5 HK cents and a special dividend of 4.2 HK cents per share (2020/21: interim dividend of 9.0 HK cents per share), representing a total payout of approximately HKD 105,600,000 (2020/21: approximately HKD 64,500,000). Shareholders whose names appear on the register of members of the Company on, 14 January 2022 will be entitled to the interim and special dividends which will be paid on or around 8 February 2022. Executive Departure • Oct 03
Independent Non-Executive Director Boon Yip Yee has left the company On the 23rd of September, Boon Yip Yee's tenure as Independent Non-Executive Director ended after 6.0 years in the role. We don't have any record of a personal shareholding under Boon Yip's name. A total of 2 executives have left over the last 12 months. Executive Departure • Sep 29
Independent Non-Executive Director Boon Yip Yee has left the company On the 23rd of September, Boon Yip Yee's tenure as Independent Non-Executive Director ended after 6.0 years in the role. We don't have any record of a personal shareholding under Boon Yip's name. A total of 2 executives have left over the last 12 months. Board Change • Sep 28
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Yiu Keung Yeung was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Sep 24
International Housewares Retail Company Limited Approves Special Dividend for the Year Ended 30 April 2021 International Housewares Retail Company Limited at the AGM held on September 23, 2021, approved special dividend of 4.2 Hong Kong cents per share for the year ended 30 April 2021. Upcoming Dividend • Sep 20
Upcoming dividend of HK$0.15 per share Eligible shareholders must have bought the stock before 27 September 2021. Payment date: 19 October 2021. Trailing yield: 6.9%. Within top quartile of Hong Kong dividend payers (6.8%). Higher than average of industry peers (2.0%). Reported Earnings • Jul 30
Full year 2021 earnings released: EPS HK$0.36 (vs HK$0.21 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: HK$2.69b (up 5.9% from FY 2020). Net income: HK$254.9m (up 69% from FY 2020). Profit margin: 9.5% (up from 5.9% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. 
