Live News • Jun 06
Kusuri No Aoki Grows Sales 12.8% in May and Expands Nationwide Store Network All-store sales in May rose 12.8%, with existing stores also recording higher revenue on increased customer traffic and spending.
Kusuri No Aoki opened 20 new stores and closed 4, resulting in a net addition of 16 locations.
The new openings span multiple regions, including Miyagi, Niigata, Osaka and Kagawa, as the company continues a nationwide roll out while reshaping its existing footprint.
The combination of double-digit all-store sales growth and gains at existing outlets indicates that both footprint expansion and per-store activity are contributing to revenue performance.
For investors, a key consideration is whether this pace of store openings and selective closures can be maintained without putting pressure on costs and operational efficiency across a wider geographic base. Upcoming Dividend • May 12
Upcoming dividend of JP¥48.00 per share Eligible shareholders must have bought the stock before 19 May 2026. Payment date: 04 August 2026. Payout ratio is a comfortable 7.7% but the company is not cash flow positive. Trailing yield: 0.4%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (2.0%). Announcement • May 09
Kusuri No Aoki Holdings Co., Ltd. to Report Fiscal Year 2026 Results on Jul 02, 2026 Kusuri No Aoki Holdings Co., Ltd. announced that they will report fiscal year 2026 results on Jul 02, 2026 Price Target Changed • Apr 14
Price target decreased by 7.2% to JP¥4,026 Down from JP¥4,340, the current price target is an average from 5 analysts. New target price is 8.8% above last closing price of JP¥3,699. Stock is up 15% over the past year. The company is forecast to post earnings per share of JP¥187 for next year compared to JP¥175 last year. Reported Earnings • Apr 04
Third quarter 2026 earnings released: EPS: JP¥60.39 (vs JP¥51.04 in 3Q 2025) Third quarter 2026 results: EPS: JP¥60.39 (up from JP¥51.04 in 3Q 2025). Revenue: JP¥143.0b (up 11% from 3Q 2025). Net income: JP¥5.74b (up 8.0% from 3Q 2025). Profit margin: 4.0% (down from 4.1% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Consumer Retailing 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 23% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 02
Kusuri No Aoki Holdings Co., Ltd. to Report Q3, 2026 Results on Apr 02, 2026 Kusuri No Aoki Holdings Co., Ltd. announced that they will report Q3, 2026 results on Apr 02, 2026 Announcement • Feb 06
Oasis Management Company Urges Shareholders to Vote Against Kusuri No Aoki’s Proposed Takeover Defense Measures On February 4, 2026, Oasis Management Company Ltd. announced that it urges its fellow shareholders of Kusuri No Aoki Holdings Co., Ltd. to vote against the Company's proposed takeover defense measures as agenda item 2 at the upcoming extraordinary general meeting of shareholders to be held in February 2026. Oasis Management Company argues that these measures, along with other actions like a listing-segment transfer and the ousting of an outside director, serve to entrench the control of the founding Aoki Family at the expense of minority shareholders' interests and are detrimental to corporate value. Declared Dividend • Jan 24
First half dividend of JP¥48.00 announced Shareholders will receive a dividend of JP¥48.00. Ex-date: 19th May 2026 Payment date: 4th August 2026 Dividend yield will be 1.3%, which is lower than the industry average of 1.6%. Valuation Update With 7 Day Price Move • Jan 01
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to JP¥4,678, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 15x in the Consumer Retailing industry in Japan. Total returns to shareholders of 88% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥3,800 per share. Reported Earnings • Dec 26
Second quarter 2026 earnings: EPS exceeds analyst expectations Second quarter 2026 results: EPS: JP¥47.43 (up from JP¥32.12 in 2Q 2025). Revenue: JP¥140.1b (up 14% from 2Q 2025). Net income: JP¥4.61b (up 37% from 2Q 2025). Profit margin: 3.3% (up from 2.8% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 32%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 19% per year. Buy Or Sell Opportunity • Dec 26
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 8.1% to JP¥4,362. The fair value is estimated to be JP¥3,632, however this is not to be taken as a sell 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 14%. For the next 3 years, revenue is forecast to grow by 10% per annum. Earnings are also forecast to grow by 8.5% per annum over the same time period. Upcoming Dividend • Nov 12
Upcoming dividend of JP¥8.00 per share Eligible shareholders must have bought the stock before 19 November 2025. Payment date: 26 January 2026. Payout ratio is a comfortable 8.2% but the company is not cash flow positive. Trailing yield: 0.4%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (1.5%). Announcement • Nov 04
Kusuri No Aoki Holdings Co., Ltd. to Report Q2, 2026 Results on Dec 25, 2025 Kusuri No Aoki Holdings Co., Ltd. announced that they will report Q2, 2026 results on Dec 25, 2025 Reported Earnings • Oct 03
First quarter 2026 earnings: EPS misses analyst expectations First quarter 2026 results: EPS: JP¥50.24 (down from JP¥55.49 in 1Q 2025). Revenue: JP¥139.7b (up 16% from 1Q 2025). Net income: JP¥5.03b (down 4.1% from 1Q 2025). Profit margin: 3.6% (down from 4.4% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.0%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 13% per year. Declared Dividend • Sep 08
Final dividend of JP¥8.00 announced Shareholders will receive a dividend of JP¥8.00. Ex-date: 19th November 2025 Payment date: 26th January 2026 Dividend yield will be 0.4%, which is lower than the industry average of 1.6%. Board Change • Sep 05
Less than half of directors are independent Following the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 6 non-independent directors. Independent Outside Director Reiko Kinoshita 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. Announcement • Aug 23
Kusuri No Aoki Holdings Co., Ltd. to Report Q1, 2026 Results on Oct 02, 2025 Kusuri No Aoki Holdings Co., Ltd. announced that they will report Q1, 2026 results on Oct 02, 2025 Announcement • Jul 25
Oasis Management Company Ltd Provides Information to the Shareholders On July 25, 2025, Oasis Management Company Ltd announced that it urged its fellow shareholders to hold President Hironori Aoki and Vice President Takanori Aoki, accountable at the upcoming Annual General Meeting of Shareholders to be held in August 2025 for their history of neglecting minority shareholder interests. Oasis said that itis actively pursuing a lawsuit against Kusuri no aoki holdings co., ltd and others involved, citing JPY 7.2 billion in damages linked to the controversial stock options. Oasis added that the recent disclosures from the Company during the court proceedings suggest a troubling assumption that there is absolutely no correlation between the Company’s business performance and share price, a stance that undermines the fundamental principles of corporate valuation. Given that the Company and other publicly listed companies provide earnings and financial data to ensure fair market pricing, this assumption appears unreasonable. Additionally, Oasis is urging fellow shareholders to vote against the re-election of the Company at the upcoming AGM and to support their proposal for their dismissal to safeguard the interests of minority shareholders. Announcement • Jun 05
Kusuri No Aoki Holdings Co., Ltd. Announces Organizational Change Kusuri No Aoki Holdings Co., Ltd. announced that the company resolved to implement the following organizational changes and personnel transfers at the Board of Directors meeting held on June 5, 2025. Organizational Changes (Effective June 21, 2025): Company will make partial organizational changes to achieve further corporate growth, in preparation for the next medium-term management plan starting in May 2027. To achieve sustainable corporate growth, company will reinforce the execution framework for corporate planning and M&A functions. Accordingly, company will establish a new Corporate Planning Headquarters with a Corporate Planning Office and an M&A Promotion Office under it. To powerfully promote companywide PMI, company will create a PMI Promotion Office reporting directly to the President, strengthening coordination with all headquarters; company will establish a Kansai-Shikoku-Tokai Regional Headquarters, granting it clear responsibility and authority to build a region-centric management structure that integrates Group companies and enhances execution capability; Based on sales scale, store count and expansion areas, company will reorganize store-operation areas into a two headquarters structure -- Kanto-Tohoku Region and Kansai-Shikoku-Tokai Region -- to improve management efficiency and strengthen operations. Personnel Transfers (Effective June 21, 2025): Yosuke Enokido: Current Position; Manager, Corporate Strategy Office. New Position; General Manager, Corporate Planning HQ Manager, M&A Promotion Office. Daisuke Hasegawa: Deputy manager, Current Position; Corporate Strategy Office Section chief, Corporate Planning Dept. New Position; Manager, Corporate Planning Office. Takeshi Noguchi: Current Position; Manager, SM Business Dept. Manager, Shikoku Region Promotion. New Position; General Manager, Kansai- Shikoku-Tokai Regional HQ. Hiroaki Minami: Current Position; General Manager, Kanshinetsu- Tohoku Regional HQ. New Position; General Manager, Kanto- Tohoku Regional HQ Nao Matsumoto: Current Position; Manager, SM Business Dept., Kansai Region (Manager grade). New Position; Manager, PMI Promotion Office Manager, PMI Promotion Office, Kansai-Tokai Region. Tasuku Inoue: Current Position; Manager, SM Business Dept., Kanto-Tohoku Region (Manager grade). New Position; Manager, PMI Promotion Office, Kanto-Tohoku Region. Announcement • May 24
Kusuri No Aoki Holdings Co., Ltd. to Report Fiscal Year 2025 Results on Jul 03, 2025 Kusuri No Aoki Holdings Co., Ltd. announced that they will report fiscal year 2025 results on Jul 03, 2025 Upcoming Dividend • May 12
Upcoming dividend of JP¥7.00 per share Eligible shareholders must have bought the stock before 19 May 2025. Payment date: 04 August 2025. Payout ratio is a comfortable 6.9% and this is well supported by cash flows. Trailing yield: 0.4%. Lower than top quartile of Japanese dividend payers (3.9%). Lower than average of industry peers (1.7%). Announcement • May 09
Kusuri No Aoki Holdings Co., Ltd. (TSE:3549) agreed to acquire Miwa Shoten, K.K. from Mariko Miwa ,Ryohei Miwa, Koshiko Miyamoto and Ramiko Muto. Kusuri No Aoki Holdings Co., Ltd. (TSE:3549) agreed to acquire Miwa Shoten, K.K. from Mariko Miwa ,Ryohei Miwa, Koshiko Miyamoto and Ramiko Muto on April 3, 2025.
For the period ending February 28, 2025, Miwa Shoten, K.K. reported total revenue of ¥5.3 billion.
The expected completion of the transaction is June 2, 2025. Reported Earnings • Apr 04
Third quarter 2025 earnings: EPS misses analyst expectations Third quarter 2025 results: EPS: JP¥51.04. Revenue: JP¥129.1b (up 16% from 3Q 2024). Net income: JP¥5.31b (up 9.7% from 3Q 2024). Profit margin: 4.1% (down from 4.4% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 12%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Consumer Retailing industry in Japan. Announcement • Feb 27
Kusuri No Aoki Holdings Co., Ltd. to Report Q3, 2025 Results on Apr 03, 2025 Kusuri No Aoki Holdings Co., Ltd. announced that they will report Q3, 2025 results on Apr 03, 2025 Declared Dividend • Jan 25
First half dividend of JP¥7.00 announced Shareholders will receive a dividend of JP¥7.00. Ex-date: 19th May 2025 Payment date: 4th August 2025 Dividend yield will be 0.5%, which is lower than the industry average of 1.6%. Payout Ratios Payout ratio: 7%. Cash payout ratio: 28%. Reported Earnings • Dec 28
Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2025 results: EPS: JP¥32.12 (up from JP¥14.45 loss in 2Q 2024). Revenue: JP¥122.5b (up 13% from 2Q 2024). Net income: JP¥3.37b (up JP¥4.74b from 2Q 2024). Profit margin: 2.8% (up from net loss in 2Q 2024). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) missed analyst estimates by 30%. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 10% per year. Announcement • Dec 06
Kusuri No Aoki Holdings Co., Ltd. (TSE:3549) entered into Share transfer agreement to acquire Happy Terada, K.K. Kusuri No Aoki Holdings Co., Ltd. (TSE:3549) entered into Share transfer agreement to acquire Happy Terada, K.K. on December 5, 2024.
For the period ending May 31, 2024, Happy Terada, K.K. reported total revenue of ¥485 billion, EBIT of ¥25.11 billion and net income of ¥18.11 billion. The expected completion of the transaction is December 20, 2024. Buy Or Sell Opportunity • Dec 06
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 1.6% to JP¥3,387. The fair value is estimated to be JP¥2,821, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 2.5%. For the next 3 years, revenue is forecast to grow by 7.7% per annum. Earnings are also forecast to grow by 13% per annum over the same time period. Announcement • Nov 26
Kusuri No Aoki Holdings Co., Ltd. to Report Q2, 2025 Results on Dec 26, 2024 Kusuri No Aoki Holdings Co., Ltd. announced that they will report Q2, 2025 results on Dec 26, 2024 Upcoming Dividend • Nov 12
Upcoming dividend of JP¥7.00 per share Eligible shareholders must have bought the stock before 19 November 2024. Payment date: 27 January 2025. Payout ratio is a comfortable 8.0% and this is well supported by cash flows. Trailing yield: 0.4%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (1.7%). Reported Earnings • Oct 04
First quarter 2025 earnings: Revenues and EPS in line with analyst expectations First quarter 2025 results: EPS: JP¥55.49 (up from JP¥50.63 in 1Q 2024). Revenue: JP¥120.3b (up 12% from 1Q 2024). Net income: JP¥5.25b (up 9.6% from 1Q 2024). Profit margin: 4.4% (down from 4.5% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Oct 04
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 20% to JP¥3,487. The fair value is estimated to be JP¥2,874, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years, while earnings per share has been flat. Announcement • Oct 03
Kusuri No Aoki Holdings Co., Ltd. (TSE:3549) announces an Equity Buyback for 6,000,000 shares, representing 5.71% for ¥20,000 million. Kusuri No Aoki Holdings Co., Ltd. (TSE:3549) announces a share repurchase program. Under the program, the company will repurchase up to 6,000,000 shares, representing 5.71% of its share capital, for ¥20,000 million. The company will repurchase its shares in order to improv capital efficiency and enhancing shareholder returns. The plan will be valid till October 1, 2025. As of August 21, 2024, the company had 105,095,738 shares outstanding (excluding treasury shares) and 1,942 shares in treasury. Declared Dividend • Sep 19
Final dividend of JP¥7.00 announced Shareholders will receive a dividend of JP¥7.00. Ex-date: 28th November 2024 Payment date: 27th January 2025 Dividend yield will be 0.4%, which is lower than the industry average of 1.6%. Payout Ratios Payout ratio: 8%. Cash payout ratio: 20%. Announcement • Aug 23
Kusuri No Aoki Holdings Co., Ltd. to Report Q1, 2025 Results on Oct 03, 2024 Kusuri No Aoki Holdings Co., Ltd. announced that they will report Q1, 2025 results on Oct 03, 2024 Announcement • Aug 03
Oasis Calls for Transparency and Change at Kusuri No Aoki On July 31, 2024, Oasis Management Company Ltd announced that it has engaged with the Kusuri No Aoki Holdings Co Ltd since, throughout its engagement, it has raised questions and highlighted issues related to stock options that were issued at a steep discount of over 99% to President Hironori Aoki and Vice President Takanori Aoki. In addition, Oasis Management has submitted shareholder proposals for the Company’s upcoming AGM calling for the dismissal of the Hironori Aoki, Takanori Aoki and Company Director Ryoichi Yahata, additionally it has initiated a shareholder derivative lawasuit against the Hironori Aoki, Takanori Aoki and Company Director Ryoichi Yahata, and demanded that the Hironori Aoki, Takanori Aoki not exercise the Stock Options until a judicial decision is rendered by the Court as Oasis pursues a shareholder derivative lawsuit against the Hironori Aoki, Takanori Aoki to protect the Company and its shareholders. Announcement • Jul 23
Kusuri No Aoki Holdings Co., Ltd. Announces Retirement of Toshiya Koshida as Outside Director Kusuri No Aoki Holdings Co., Ltd. announced the retirement of Toshiya Koshida as Outside Director. Reported Earnings • Jul 07
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: JP¥130 (down from JP¥130 in FY 2023). Revenue: JP¥436.9b (up 15% from FY 2023). Net income: JP¥12.3b (flat on FY 2023). Profit margin: 2.8% (down from 3.3% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.0%. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Announcement • Jul 05
Kusuri No Aoki Holdings Co., Ltd., Annual General Meeting, Aug 16, 2024 Kusuri No Aoki Holdings Co., Ltd., Annual General Meeting, Aug 16, 2024. Buy Or Sell Opportunity • Jul 01
Now 26% undervalued The stock has been flat over the last 90 days, currently trading at JP¥3,061. The fair value is estimated to be JP¥4,120, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has declined by 5.4%. For the next 3 years, revenue is forecast to grow by 7.0% per annum. Earnings are also forecast to grow by 22% per annum over the same time period. Buy Or Sell Opportunity • Jun 26
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.2% to JP¥3,017. The fair value is estimated to be JP¥3,772, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has declined by 5.4%. For the next 3 years, revenue is forecast to grow by 7.0% per annum. Earnings are also forecast to grow by 22% per annum over the same time period. Buy Or Sell Opportunity • May 28
Now 20% undervalued Over the last 90 days, the stock has risen 1.8% to JP¥3,098. The fair value is estimated to be JP¥3,879, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has declined by 5.4%. For the next 3 years, revenue is forecast to grow by 7.0% per annum. Earnings are also forecast to grow by 22% per annum over the same time period. Announcement • May 27
Kusuri No Aoki Holdings Co., Ltd. to Report Fiscal Year 2024 Results on Jul 04, 2024 Kusuri No Aoki Holdings Co., Ltd. announced that they will report fiscal year 2024 results on Jul 04, 2024 Upcoming Dividend • May 10
Upcoming dividend of JP¥5.50 per share Eligible shareholders must have bought the stock before 17 May 2024. Payment date: 05 August 2024. Payout ratio is a comfortable 5.3% and this is well supported by cash flows. Trailing yield: 0.4%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (1.6%). Reported Earnings • Apr 06
Third quarter 2024 earnings: EPS misses analyst expectations Third quarter 2024 results: EPS: JP¥51.21 (up from JP¥42.62 in 3Q 2023). Revenue: JP¥111.1b (up 13% from 3Q 2023). Net income: JP¥4.84b (up 20% from 3Q 2023). Profit margin: 4.4% (up from 4.1% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.6%. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Apr 02
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.6% to JP¥3,059. The fair value is estimated to be JP¥3,853, 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 declined by 4.6%. For the next 3 years, revenue is forecast to grow by 7.2% per annum. Earnings are also forecast to grow by 22% per annum over the same time period. Announcement • Feb 24
Kusuri No Aoki Holdings Co., Ltd. to Report Q3, 2024 Results on Apr 04, 2024 Kusuri No Aoki Holdings Co., Ltd. announced that they will report Q3, 2024 results on Apr 04, 2024 Reported Earnings • Dec 29
Second quarter 2024 earnings: Revenues in line with analyst expectations Second quarter 2024 results: Revenue: JP¥108.2b (up 17% from 2Q 2023). Net loss: JP¥1.37b (down 136% from profit in 2Q 2023). Revenue was in line with analyst estimates. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 2% per year. Announcement • Nov 26
Kusuri No Aoki Holdings Co., Ltd. to Report Q2, 2024 Results on Dec 28, 2023 Kusuri No Aoki Holdings Co., Ltd. announced that they will report Q2, 2024 results on Dec 28, 2023 Upcoming Dividend • Nov 10
Upcoming dividend of JP¥16.00 per share at 0.3% yield Eligible shareholders must have bought the stock before 17 November 2023. Payment date: 26 January 2024. Payout ratio is a comfortable 7.0% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (1.7%). Reported Earnings • Oct 05
First quarter 2024 earnings released: EPS: JP¥152 (vs JP¥131 in 1Q 2023) First quarter 2024 results: EPS: JP¥152 (up from JP¥131 in 1Q 2023). Revenue: JP¥107.4b (up 17% from 1Q 2023). Net income: JP¥4.79b (up 16% from 1Q 2023). Profit margin: 4.5% (in line with 1Q 2023). Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 3% per year. Price Target Changed • Sep 12
Price target increased by 8.5% to JP¥9,167 Up from JP¥8,450, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of JP¥9,132. Stock is up 41% over the past year. The company is forecast to post earnings per share of JP¥434 for next year compared to JP¥391 last year. Announcement • Aug 27
Kusuri No Aoki Holdings Co., Ltd. to Report Q1, 2024 Results on Oct 03, 2023 Kusuri No Aoki Holdings Co., Ltd. announced that they will report Q1, 2024 results on Oct 03, 2023 Reported Earnings • Jul 01
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: JP¥411 (up from JP¥312 in FY 2022). Revenue: JP¥378.9b (up 15% from FY 2022). Net income: JP¥13.0b (up 32% from FY 2022). Profit margin: 3.4% (up from 3.0% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.4%. Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 5% per year. Announcement • May 27
Kusuri No Aoki Holdings Co., Ltd. to Report Fiscal Year 2023 Results on Jun 30, 2023 Kusuri No Aoki Holdings Co., Ltd. announced that they will report fiscal year 2023 results on Jun 30, 2023 Upcoming Dividend • May 11
Upcoming dividend of JP¥14.50 per share at 0.4% yield Eligible shareholders must have bought the stock before 18 May 2023. Payment date: 04 August 2023. Payout ratio is a comfortable 6.2% and this is well supported by cash flows. Trailing yield: 0.4%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (1.6%). Reported Earnings • Apr 08
Third quarter 2023 earnings: EPS and revenues exceed analyst expectations Third quarter 2023 results: EPS: JP¥128 (up from JP¥96.00 in 3Q 2022). Revenue: JP¥97.9b (up 16% from 3Q 2022). Net income: JP¥4.03b (up 33% from 3Q 2022). Profit margin: 4.1% (up from 3.6% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) also surpassed analyst estimates by 22%. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 9% per year, which means it is performing significantly worse than earnings. Announcement • Jan 05
Kusuri No Aoki Holdings Co., Ltd. Provides Consolidated Earnings Guidance for the Year Ending May 20, 2023 Kusuri No Aoki Holdings Co., Ltd. provided consolidated earnings guidance for the year ending May 20, 2023. For the period, the company expects Net sales of JPY 360,000 million, Operating profit of JPY 15,200 million, Profit attributable to owners of parent of JPY 10,800 million and Earnings per share of JPY 342.51. Reported Earnings • Dec 29
Second quarter 2023 earnings: EPS exceeds analyst expectations Second quarter 2023 results: EPS: JP¥120 (up from JP¥74.43 in 2Q 2022). Revenue: JP¥92.5b (up 15% from 2Q 2022). Net income: JP¥3.78b (up 61% from 2Q 2022). Profit margin: 4.1% (up from 2.9% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates significantly. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has increased by 3% per year. Announcement • Nov 27
Kusuri No Aoki Holdings Co., Ltd. to Report Q2, 2023 Results on Dec 28, 2022 Kusuri No Aoki Holdings Co., Ltd. announced that they will report Q2, 2023 results on Dec 28, 2022 Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. No independent directors (6 non-independent directors). External Director Motoya Okada was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Upcoming Dividend • Nov 10
Upcoming dividend of JP¥14.50 per share Eligible shareholders must have bought the stock before 17 November 2022. Payment date: 27 January 2023. Payout ratio is a comfortable 7.0% but the company is not cash flow positive. Trailing yield: 0.4%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (1.7%). Announcement • Oct 19
Kusuri No Aoki Holdings Co., Ltd. Provides Earnings Guidance for the Six Months Ending November 20, 2022 and Year Ending May 20, 2023 Kusuri No Aoki Holdings Co., Ltd. provided earnings guidance for the six months ending November 20, 2022 and year ending May 20, 2023. For the six months, the company expects net sales to be ¥177,615 million. Operating profit to be ¥7,581 million. Profit attributable to owners of parent to be ¥5,267 million. Earnings per share to be ¥167.03. For the year, the company expects net sales to be ¥360,000 million. Operating profit to be ¥15,200 million. Profit attributable to owners of parent to be ¥10,800 million. Earnings per share to be ¥342.51. Announcement • Oct 18
Kusuri No Aoki Holdings Co., Ltd. Provides Dividend Guidance for the Second Quarter 2022 and Year Ending May 20, 2023 Kusuri No Aoki Holdings Co., Ltd. provided dividend guidance for the second quarter 2022 and year ending May 20, 2023. For the second quarter, the company plans to pay ¥14.50 per share against ¥13.00 per share a year ago.For the year, the company plans to pay ¥14.50 per share against ¥13.00 per share a year ago. Reported Earnings • Oct 05
First quarter 2023 earnings: EPS and revenues exceed analyst expectations First quarter 2023 results: EPS: JP¥131 (up from JP¥74.43 in 1Q 2022). Revenue: JP¥91.8b (up 14% from 1Q 2022). Net income: JP¥4.14b (up 77% from 1Q 2022). Profit margin: 4.5% (up from 2.9% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) also surpassed analyst estimates by 54%. Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 1% per year. Announcement • Aug 25
Kusuri No Aoki Holdings Co., Ltd. to Report Q1, 2023 Results on Oct 03, 2022 Kusuri No Aoki Holdings Co., Ltd. announced that they will report Q1, 2023 results on Oct 03, 2022