Board Change • Jul 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. 6 experienced directors. 2 highly experienced directors. Independent Outside Director Yukari Oiso was the last director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • May 18
Full year 2026 earnings released: EPS: JP¥30.55 (vs JP¥1.05 loss in FY 2025) Full year 2026 results: EPS: JP¥30.55 (up from JP¥1.05 loss in FY 2025). Revenue: JP¥18.4b (up 1.6% from FY 2025). Net income: JP¥175.0m (up JP¥181.0m from FY 2025). Profit margin: 1.0% (up from 0% in FY 2025). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Ankündigung • May 13
Toami Corporation, Annual General Meeting, Jun 26, 2026 Toami Corporation, Annual General Meeting, Jun 26, 2026. Ankündigung • May 10
Toami Corporation to Report Fiscal Year 2026 Results on May 13, 2026 Toami Corporation announced that they will report fiscal year 2026 results on May 13, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥8.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 29 June 2026. Payout ratio is a comfortable 72% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.3%). Ankündigung • Feb 16
Toami Corporation (TSE:5973) announces an Equity Buyback for 70,000 shares, representing 1.22% for ¥41.72 million. Toami Corporation (TSE:5973) announces a share repurchase program. Under the program, the company will repurchase up to 70,000 shares, representing 1.22% of its issued share capital (excluding treasury stock), for a total purchase price of ¥41.72 million. The shares will be repurchased at a price of ¥596 per share. The purpose of the program is to implement a flexible capital policy that responds to changes in the business environment. As of February 21, 2024, the company has 5,735,565 issued shares (excluding treasury stock) and 664,435 treasury shares. Reported Earnings • Feb 12
Third quarter 2026 earnings released: EPS: JP¥19.70 (vs JP¥19.70 in 3Q 2025) Third quarter 2026 results: EPS: JP¥19.70 (up from JP¥19.70 in 3Q 2025). Revenue: JP¥5.11b (flat on 3Q 2025). Net income: JP¥113.0m (flat on 3Q 2025). Profit margin: 2.2% (in line with 3Q 2025). Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 14
Second quarter 2026 earnings released: EPS: JP¥9.24 (vs JP¥8.38 loss in 2Q 2025) Second quarter 2026 results: EPS: JP¥9.24 (up from JP¥8.38 loss in 2Q 2025). Revenue: JP¥4.51b (flat on 2Q 2025). Net income: JP¥53.0m (up JP¥101.0m from 2Q 2025). Profit margin: 1.2% (up from net loss in 2Q 2025). Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥8.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 03 December 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.6%). Reported Earnings • Aug 10
First quarter 2026 earnings released: EPS: JP¥2.44 (vs JP¥3.15 loss in 1Q 2025) First quarter 2026 results: EPS: JP¥2.44 (up from JP¥3.15 loss in 1Q 2025). Revenue: JP¥4.58b (up 13% from 1Q 2025). Net income: JP¥14.0m (up JP¥32.0m from 1Q 2025). Profit margin: 0.3% (up from net loss in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. New Risk • May 30
New minor risk - Dividend sustainability The dividend is not well covered by earnings. The company is paying a dividend despite being loss-making. Dividend yield: 3.0% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 31% per year over the past 5 years. Minor Risks Paying a dividend despite being loss-making. Market cap is less than US$100m (JP¥3.09b market cap, or US$21.4m). Reported Earnings • May 17
Full year 2025 earnings released: JP¥1.05 loss per share (vs JP¥41.34 profit in FY 2024) Full year 2025 results: JP¥1.05 loss per share (down from JP¥41.34 profit in FY 2024). Revenue: JP¥18.1b (up 2.7% from FY 2024). Net loss: JP¥6.00m (down 102% from profit in FY 2024). Profit margin: 0% (down from 1.4% in FY 2024). Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Ankündigung • May 13
Toami Corporation, Annual General Meeting, Jun 26, 2025 Toami Corporation, Annual General Meeting, Jun 26, 2025. Buy Or Sell Opportunity • Apr 04
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 7.1% to JP¥496. The fair value is estimated to be JP¥648, 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 45%. Ankündigung • Mar 27
Toami Corporation to Report Fiscal Year 2025 Results on May 13, 2025 Toami Corporation announced that they will report fiscal year 2025 results on May 13, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥8.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 30 June 2025. Payout ratio is on the higher end at 80%, however this is supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.4%). Buy Or Sell Opportunity • Feb 25
Now 21% undervalued The stock has been flat over the last 90 days, currently trading at JP¥512. The fair value is estimated to be JP¥647, 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 45%. Ankündigung • Feb 12
Toami Corporation (TSE:5973) agreed to acquire 99% stake in AIRD Co., Ltd. for ¥0. Toami Corporation (TSE:5973) agreed to acquire 99% stake in AIRD Co., Ltd. for ¥0 on February 10, 2025. A cash consideration will be paid by Toami Corporation. As part of consideration, ¥0 is paid towards common equity of AIRD Co., Ltd. For the period ending July 31, 2024, AIRD Co., Ltd. reported total revenue of ¥256.12 million, EBIT of ¥20.75 million and net income of ¥19.06 million. As of July 31, 2024, AIRD Co., Ltd. reported total assets of ¥108.24 million and net liabilities of ¥13.55 million. The expected completion of the transaction is April 1, 2025. Reported Earnings • Feb 12
Third quarter 2025 earnings released: EPS: JP¥19.70 (vs JP¥19.52 in 3Q 2024) Third quarter 2025 results: EPS: JP¥19.70. Revenue: JP¥5.13b (up 8.5% from 3Q 2024). Net income: JP¥113.0m (down 3.4% from 3Q 2024). Profit margin: 2.2% (down from 2.5% in 3Q 2024). Ankündigung • Feb 04
Toami Corporation to Report Q3, 2025 Results on Feb 10, 2025 Toami Corporation announced that they will report Q3, 2025 results on Feb 10, 2025 Reported Earnings • Nov 17
Second quarter 2025 earnings released: JP¥8.38 loss per share (vs JP¥4.81 loss in 2Q 2024) Second quarter 2025 results: JP¥8.38 loss per share (further deteriorated from JP¥4.81 loss in 2Q 2024). Revenue: JP¥4.52b (up 4.0% from 2Q 2024). Net loss: JP¥48.0m (loss widened 66% from 2Q 2024). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Ankündigung • Nov 09
Toami Corporation to Report Q2, 2025 Results on Nov 12, 2024 Toami Corporation announced that they will report Q2, 2025 results on Nov 12, 2024 Upcoming Dividend • Sep 20
Upcoming dividend of JP¥8.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 04 December 2024. Payout ratio is a comfortable 66% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.5%). New Risk • Sep 17
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Market cap is less than US$100m (JP¥3.08b market cap, or US$21.9m). Reported Earnings • Aug 13
First quarter 2025 earnings released: JP¥3.15 loss per share (vs JP¥15.11 profit in 1Q 2024) First quarter 2025 results: JP¥3.15 loss per share (down from JP¥15.11 profit in 1Q 2024). Revenue: JP¥4.05b (down 7.5% from 1Q 2024). Net loss: JP¥18.0m (down 120% from profit in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to JP¥440, the stock trades at a trailing P/E ratio of 10.2x. Average trailing P/E is 11x in the Building industry in Japan. Total loss to shareholders of 5.7% over the past three years. Ankündigung • Aug 03
Toami Corporation to Report Q1, 2025 Results on Aug 08, 2024 Toami Corporation announced that they will report Q1, 2025 results on Aug 08, 2024 Reported Earnings • May 17
Full year 2024 earnings released: EPS: JP¥41.34 (vs JP¥11.83 loss in FY 2023) Full year 2024 results: EPS: JP¥41.34 (up from JP¥11.83 loss in FY 2023). Revenue: JP¥17.6b (up 14% from FY 2023). Net income: JP¥247.0m (up JP¥319.0m from FY 2023). Profit margin: 1.4% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Ankündigung • May 15
Toami Corporation, Annual General Meeting, Jun 27, 2024 Toami Corporation, Annual General Meeting, Jun 27, 2024. Ankündigung • May 03
Toami Corporation to Report Fiscal Year 2024 Results on May 13, 2024 Toami Corporation announced that they will report fiscal year 2024 results on May 13, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥7.50 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 65% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (2.1%). Ankündigung • Feb 22
Toami Corporation (TSE:5973) announces an Equity Buyback for 250,000 shares, representing 4.19% for ¥132.5 million. Toami Corporation (TSE:5973) announces a share repurchase program. Under the program, the company will repurchase up to 250,000 shares, representing 4.19% of its issued share capital (excluding treasury stock), for a total purchase price of ¥132.5 million. The shares will be repurchased at a price of ¥530 per share. The purpose of the program is to carry out flexible capital policy in response to changes in the business environment. As of February 21, 2024, the company has 5,966,349 issued shares (excluding treasury stock) and 433,651 treasury shares. Reported Earnings • Feb 08
Third quarter 2024 earnings released: EPS: JP¥19.52 (vs JP¥1.99 in 3Q 2023) Third quarter 2024 results: EPS: JP¥19.52 (up from JP¥1.99 in 3Q 2023). Revenue: JP¥4.73b (up 7.4% from 3Q 2023). Net income: JP¥117.0m (up JP¥105.0m from 3Q 2023). Profit margin: 2.5% (up from 0.3% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance. Ankündigung • Nov 15
Toami Corporation (TSE:5973) announces an Equity Buyback for 60,000 shares, representing 1% for ¥30 million. Toami Corporation (TSE:5973) announces a share repurchase program. Under the program, the company will repurchase up to 60,000 shares, representing 1% of its issued share capital (excluding treasury stock), for a total purchase price of ¥30 million. The shares will be repurchased at a price of ¥500 per share. The purpose of the program is to implement flexible capital policies in response to changes in the business environment. As of November 13, 2023, the company has 6,024,249 issued shares (excluding treasury stock) and 375,751 treasury shares. Reported Earnings • Nov 11
Second quarter 2024 earnings released: JP¥4.81 loss per share (vs JP¥3.45 loss in 2Q 2023) Second quarter 2024 results: JP¥4.81 loss per share (further deteriorated from JP¥3.45 loss in 2Q 2023). Revenue: JP¥4.35b (up 14% from 2Q 2023). Net loss: JP¥29.0m (loss widened 38% from 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance. Ankündigung • Sep 28
Toami Corporation to Report Q2, 2024 Results on Nov 08, 2023 Toami Corporation announced that they will report Q2, 2024 results on Nov 08, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of JP¥7.50 per share at 2.7% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 04 December 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.9%). Reported Earnings • Aug 09
First quarter 2024 earnings released: EPS: JP¥15.11 (vs JP¥3.55 loss in 1Q 2023) First quarter 2024 results: EPS: JP¥15.11 (up from JP¥3.55 loss in 1Q 2023). Revenue: JP¥4.38b (up 33% from 1Q 2023). Net income: JP¥91.0m (up JP¥113.0m from 1Q 2023). Profit margin: 2.1% (up from net loss in 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance. Ankündigung • Jun 30
Toami Corporation to Report Q1, 2024 Results on Aug 07, 2023 Toami Corporation announced that they will report Q1, 2024 results on Aug 07, 2023 Ankündigung • May 12
Toami Corporation, Annual General Meeting, Jun 29, 2023 Toami Corporation, Annual General Meeting, Jun 29, 2023. Reported Earnings • May 12
Full year 2023 earnings released: JP¥11.83 loss per share (vs JP¥11.06 profit in FY 2022) Full year 2023 results: JP¥11.83 loss per share (down from JP¥11.06 profit in FY 2022). Revenue: JP¥15.4b (up 26% from FY 2022). Net loss: JP¥72.0m (down 204% from profit in FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥7.50 per share at 3.0% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 26 June 2023. The company is not currently making a profit and 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 (1.9%). Reported Earnings • Feb 10
Third quarter 2023 earnings released: EPS: JP¥1.99 (vs JP¥12.65 in 3Q 2022) Third quarter 2023 results: EPS: JP¥1.99 (down from JP¥12.65 in 3Q 2022). Revenue: JP¥4.41b (up 25% from 3Q 2022). Net income: JP¥12.0m (down 85% from 3Q 2022). Profit margin: 0.3% (down from 2.2% in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Ankündigung • Nov 27
Toami Corporation to Report Q3, 2023 Results on Feb 07, 2023 Toami Corporation announced that they will report Q3, 2023 results on Feb 07, 2023 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. 5 experienced directors. 5 highly experienced directors. No independent directors (7 non-independent directors). President and Representative Director Yoshihito Kitagawa was the last director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Nov 10
Second quarter 2023 earnings released: JP¥3.45 loss per share (vs JP¥4.65 loss in 2Q 2022) Second quarter 2023 results: JP¥3.45 loss per share (improved from JP¥4.65 loss in 2Q 2022). Revenue: JP¥3.80b (up 29% from 2Q 2022). Net loss: JP¥21.0m (loss narrowed 28% from 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥7.50 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 05 December 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.9%). Ankündigung • Sep 01
Toami Corporation to Report Q2, 2023 Results on Nov 08, 2022 Toami Corporation announced that they will report Q2, 2023 results on Nov 08, 2022 Ankündigung • Aug 19
Toami Corporation (TSE:5973) announces an Equity Buyback for 140,000 shares, representing 2.27% for ¥63 million. Toami Corporation (TSE:5973) announces a share repurchase program. Under the program, the company will repurchase up to 140,000 shares, representing 2.27% of its issued share capital (excluding treasury stock), for a total purchase price of ¥63 million. The purpose of the program is to carry out a flexible capital policy that responds to changes in the business environment. As of August 18, 2022, the company has 6,164,249 issued shares (excluding treasury stock) and 235,751 treasury shares. Reported Earnings • Aug 07
First quarter 2023 earnings released: JP¥3.55 loss per share (vs JP¥10.60 profit in 1Q 2022) First quarter 2023 results: JP¥3.55 loss per share (down from JP¥10.60 profit in 1Q 2022). Revenue: JP¥3.29b (up 18% from 1Q 2022). Net loss: JP¥22.0m (down 133% from profit in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Ankündigung • Jun 29
Toami Corporation to Report Q1, 2023 Results on Aug 05, 2022 Toami Corporation announced that they will report Q1, 2023 results on Aug 05, 2022 Ankündigung • May 23
Toami Corporation (TSE:5973) announces an Equity Buyback for 100,000 shares, representing 1.6% for ¥42 million. Toami Corporation (TSE:5973) announces a share repurchase program. Under the program, the company will repurchase up to 100,000 shares, representing 1.6% of its issued share capital (excluding treasury stock), for ¥42 million. The shares will be repurchased at a price of ¥420 per share. The purpose of the program is to carry out agile capital policies that respond to changes in the business environment. The program will run until May 23, 2022. As of May 20, 2022, the company had 6,247,549 shares in issue (excluding treasury stock) and 152,451 shares in treasury. Reported Earnings • May 13
Full year 2022 earnings released: EPS: JP¥11.06 (vs JP¥47.91 in FY 2021) Full year 2022 results: EPS: JP¥11.06 (down from JP¥47.91 in FY 2021). Revenue: JP¥12.3b (up 4.1% from FY 2021). Net income: JP¥69.0m (down 77% from FY 2021). Profit margin: 0.6% (down from 2.5% 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 44% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Ankündigung • May 13
Toami Corporation, Annual General Meeting, Jun 23, 2022 Toami Corporation, Annual General Meeting, Jun 23, 2022. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 5 highly experienced directors. No independent directors (7 non-independent directors). President and Representative Director Yoshihito Kitagawa was the last director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Ankündigung • Apr 08
Toami Corporation to Report Fiscal Year 2022 Results on May 11, 2022 Toami Corporation announced that they will report fiscal year 2022 results on May 11, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥7.50 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 30 June 2022. Payout ratio is a comfortable 56% but the company is not cash flow positive. Trailing yield: 3.5%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.8%). Reported Earnings • Feb 08
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥12.65 (down from JP¥23.77 in 3Q 2021). Revenue: JP¥3.53b (up 10% from 3Q 2021). Net income: JP¥79.0m (down 47% from 3Q 2021). Profit margin: 2.2% (down from 4.6% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 10
Second quarter 2022 earnings released: JP¥4.65 loss per share (vs JP¥9.32 profit in 2Q 2021) The company reported a soft second quarter result with weaker earnings and weaker control over costs, although revenues improved. Second quarter 2022 results: Revenue: JP¥2.94b (up 2.3% from 2Q 2021). Net loss: JP¥29.0m (down 150% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥7.50 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 04 December 2021. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (1.4%). Reported Earnings • May 13
Full year 2021 earnings released: EPS JP¥47.91 (vs JP¥34.68 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥11.8b (down 9.9% from FY 2020). Net income: JP¥298.0m (up 39% from FY 2020). Profit margin: 2.5% (up from 1.6% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 109% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥7.50 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 29 June 2021. Trailing yield: 2.7%. Within top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.3%). Ankündigung • Mar 11
Yuichiro Watanabe entered into an agreement to acquire 80% stake in Watanabe Kensetsu Co., Ltd. from Toami Corporation (TSE:5973). Yuichiro Watanabe entered into an agreement to acquire 80% stake in Watanabe Kensetsu Co., Ltd. from Toami Corporation (TSE:5973) on March 10, 2021. As a part of the transaction, Yuichiro Watanabe will first acquire 50% stake representing 130 shares and at second execution 30% stake will be acquired representing 78 shares. For the year ended June 30, 2020, Watanabe Kensetsu reported total assets of ¥540.86 million, net assets of ¥182.07 million, sales of ¥1.42 billion, operating income of ¥93.9 million, ordinary income of ¥99.26 million and net income of ¥70.95 million. The transaction was resolved and concluded by the board of Toami. The first phase of the transaction is expected to be completed by April 1, 2021 and the second phase of the transaction is expected to be completed by April 1, 2022. Is New 90 Day High Low • Feb 08
New 90-day high: JP¥530 The company is up 11% from its price of JP¥478 on 10 November 2020. The Japanese market is up 12% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Building industry, which is up 5.0% over the same period. Reported Earnings • Feb 07
Third quarter 2021 earnings released: EPS JP¥23.77 (vs JP¥6.12 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: JP¥3.21b (down 11% from 3Q 2020). Net income: JP¥148.0m (up 290% from 3Q 2020). Profit margin: 4.6% (up from 1.1% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 117% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Dec 07
New 90-day high: JP¥490 The company is up 10.0% from its price of JP¥445 on 08 September 2020. The Japanese market is also up 10.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Building industry, which is up 16% over the same period. Ankündigung • Nov 29
Toami Corporation to Report Q3, 2021 Results on Feb 05, 2021 Toami Corporation announced that they will report Q3, 2021 results on Feb 05, 2021 Ankündigung • Oct 10
Toami Corporation to Report Q2, 2021 Results on Nov 09, 2020 Toami Corporation announced that they will report Q2, 2021 results on Nov 09, 2020 Ankündigung • Jun 28
Toami Corporation to Report Q1, 2021 Results on Aug 07, 2020 Toami Corporation announced that they will report Q1, 2021 results on Aug 07, 2020 
