New Risk • Apr 14
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 7.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Reported Earnings • Apr 14
Full year 2026 earnings released: EPS: JP¥80.49 (vs JP¥51.35 in FY 2025) Full year 2026 results: EPS: JP¥80.49 (up from JP¥51.35 in FY 2025). Revenue: JP¥23.7b (up 13% from FY 2025). Net income: JP¥1.01b (up 44% from FY 2025). Profit margin: 4.3% (up from 3.3% in FY 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.5% p.a. on average during the next 2 years, compared to a 8.6% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 11% per year. Ankündigung • Apr 13
Choushimaru Co.,Ltd., Annual General Meeting, May 27, 2026 Choushimaru Co.,Ltd., Annual General Meeting, May 27, 2026. Upcoming Dividend • Feb 19
Upcoming dividend of JP¥12.00 per share Eligible shareholders must have bought the stock before 26 February 2026. Payment date: 01 June 2026. Trailing yield: 0.4%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (0.9%). New Risk • Dec 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended February 2025. 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: Major Risk High level of non-cash earnings (36% accrual ratio). Minor Risk Latest financial reports are more than 6 months old (reported February 2025 fiscal period end). Ankündigung • Nov 29
Choushimaru Co.,Ltd. to Report Q3, 2026 Results on Jan 13, 2026 Choushimaru Co.,Ltd. announced that they will report Q3, 2026 results on Jan 13, 2026 Reported Earnings • Jun 04
Full year 2025 earnings released: EPS: JP¥51.35 (vs JP¥71.47 in FY 2024) Full year 2025 results: EPS: JP¥51.35 (down from JP¥71.47 in FY 2024). Revenue: JP¥20.9b (flat on FY 2024). Net income: JP¥698.4m (down 29% from FY 2024). Profit margin: 3.3% (down from 4.7% in FY 2024). Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Hospitality industry in Japan. 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 11% per year, which means it is well ahead of earnings. Reported Earnings • Apr 15
Full year 2025 earnings released: EPS: JP¥50.20 (vs JP¥71.47 in FY 2024) Full year 2025 results: EPS: JP¥50.20 (down from JP¥71.47 in FY 2024). Revenue: JP¥20.9b (flat on FY 2024). Net income: JP¥682.8m (down 30% from FY 2024). Profit margin: 3.3% (down from 4.7% in FY 2024). 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 10% per year, which means it is well ahead of earnings. Ankündigung • Apr 14
Choushimaru Co.,Ltd., Annual General Meeting, May 29, 2025 Choushimaru Co.,Ltd., Annual General Meeting, May 29, 2025. Ankündigung • Jan 27
Choushimaru Co.,Ltd. (TSE:3075) announces an Equity Buyback for 1,400,000 shares, representing 10.19% for ¥2,102.8 million. Choushimaru Co.,Ltd. (TSE:3075) announces a share repurchase program. Under the program, the company will repurchase up to 1,400,000 shares, representing 10.19% of its issued share capital, for ¥2,102.8 million. The shares will be repurchased at a price of ¥1,502 per share. The purpose of the buyback is to improve capital efficiency and expand incentive plans for executives and employees. The program will expire on January 28, 2025. As of November 15, 2024, the company had 13,735,937 shares(excluding treasury stock) in issue and 782,063 shares in treasury. New Risk • Dec 31
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 22% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. This is currently the only risk that has been identified for the company. Reported Earnings • Dec 28
Second quarter 2025 earnings released: EPS: JP¥6.12 (vs JP¥14.97 in 2Q 2024) Second quarter 2025 results: EPS: JP¥6.12 (down from JP¥14.97 in 2Q 2024). Revenue: JP¥5.11b (up 2.2% from 2Q 2024). Net income: JP¥84.0m (down 59% from 2Q 2024). Profit margin: 1.6% (down from 4.1% in 2Q 2024). Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Dec 25
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 11% to JP¥1,468. The fair value is estimated to be JP¥1,836, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.6% over the last 3 years. Earnings per share has grown by 9.4%. Revenue is forecast to grow by 9.1% in 2 years. Earnings are forecast to grow by 74% in the next 2 years. New Risk • Sep 28
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 24% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. This is currently the only risk that has been identified for the company. Reported Earnings • Sep 28
First quarter 2025 earnings released: EPS: JP¥12.90 (vs JP¥26.79 in 1Q 2024) First quarter 2025 results: EPS: JP¥12.90 (down from JP¥26.79 in 1Q 2024). Revenue: JP¥5.58b (up 7.9% from 1Q 2024). Net income: JP¥177.0m (down 52% from 1Q 2024). Profit margin: 3.2% (down from 7.1% in 1Q 2024). Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 11% per year. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥1,380, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 20x in the Hospitality industry in Japan. Total returns to shareholders of 23% over the past three years. Reported Earnings • Jun 28
Full year 2024 earnings released: EPS: JP¥78.29 (vs JP¥40.74 in FY 2023) Full year 2024 results: EPS: JP¥78.29 (up from JP¥40.74 in FY 2023). Revenue: JP¥21.4b (up 11% from FY 2023). Net income: JP¥1.07b (up 92% from FY 2023). Profit margin: 5.0% (up from 2.9% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.8% p.a. on average during the next 2 years, compared to a 6.7% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 15% per year. Ankündigung • Jun 28
Choushimaru Co.,Ltd., Annual General Meeting, Aug 08, 2024 Choushimaru Co.,Ltd., Annual General Meeting, Aug 08, 2024. Upcoming Dividend • May 07
Upcoming dividend of JP¥12.00 per share Eligible shareholders must have bought the stock before 14 May 2024. Payment date: 07 August 2024. Trailing yield: 0.3%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (0.7%). Ankündigung • Apr 13
Choushimaru Co.,Ltd. to Report Fiscal Year 2024 Results on Jun 27, 2024 Choushimaru Co.,Ltd. announced that they will report fiscal year 2024 results on Jun 27, 2024 Reported Earnings • Mar 30
Third quarter 2024 earnings released: EPS: JP¥16.20 (vs JP¥17.01 in 3Q 2023) Third quarter 2024 results: EPS: JP¥16.20 (down from JP¥17.01 in 3Q 2023). Revenue: JP¥5.64b (up 4.1% from 3Q 2023). Net income: JP¥222.0m (down 4.7% from 3Q 2023). Profit margin: 3.9% (down from 4.3% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Ankündigung • Mar 23
Choushimaru Co.,Ltd. to Report Q3, 2024 Results on Mar 28, 2024 Choushimaru Co.,Ltd. announced that they will report Q3, 2024 results on Mar 28, 2024 Reported Earnings • Dec 29
Second quarter 2024 earnings released: EPS: JP¥14.97 (vs JP¥4.09 in 2Q 2023) Second quarter 2024 results: EPS: JP¥14.97 (up from JP¥4.09 in 2Q 2023). Revenue: JP¥5.01b (up 12% from 2Q 2023). Net income: JP¥205.0m (up 266% from 2Q 2023). Profit margin: 4.1% (up from 1.2% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Reported Earnings • Sep 29
First quarter 2024 earnings released: EPS: JP¥26.79 (vs JP¥6.13 in 1Q 2023) First quarter 2024 results: EPS: JP¥26.79 (up from JP¥6.13 in 1Q 2023). Revenue: JP¥5.17b (up 19% from 1Q 2023). Net income: JP¥367.0m (up 337% from 1Q 2023). Profit margin: 7.1% (up from 1.9% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Hospitality industry in Japan. 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 7% per year, which means it is significantly lagging earnings growth. Ankündigung • Aug 10
Choushimaru Co.,Ltd. to Report Q2, 2024 Results on Dec 28, 2023 Choushimaru Co.,Ltd. announced that they will report Q2, 2024 results on Dec 28, 2023 New Risk • Jul 01
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 3.8% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 3.8% per year for the foreseeable future. High level of non-cash earnings (62% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (2.9% net profit margin). Reported Earnings • Jun 30
Full year 2023 earnings released: EPS: JP¥40.73 (vs JP¥77.17 in FY 2022) Full year 2023 results: EPS: JP¥40.73 (down from JP¥77.17 in FY 2022). Revenue: JP¥19.3b (up 13% from FY 2022). Net income: JP¥558.0m (down 47% from FY 2022). Profit margin: 2.9% (down from 6.2% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.1% p.a. on average during the next 2 years, compared to a 9.2% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • May 05
Upcoming dividend of JP¥6.00 per share at 0.5% yield Eligible shareholders must have bought the stock before 12 May 2023. Payment date: 07 August 2023. Trailing yield: 0.5%. Lower than top quartile of Japanese dividend payers (3.5%). In line with average of industry peers (0.5%). Reported Earnings • Mar 31
Third quarter 2023 earnings released: EPS: JP¥17.01 (vs JP¥31.54 in 3Q 2022) Third quarter 2023 results: EPS: JP¥17.01 (down from JP¥31.54 in 3Q 2022). Revenue: JP¥5.41b (up 14% from 3Q 2022). Net income: JP¥233.0m (down 46% from 3Q 2022). Profit margin: 4.3% (down from 9.1% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Reported Earnings • Dec 30
Second quarter 2023 earnings released: EPS: JP¥4.09 (vs JP¥24.75 in 2Q 2022) Second quarter 2023 results: EPS: JP¥4.09 (down from JP¥24.75 in 2Q 2022). Revenue: JP¥4.49b (up 15% from 2Q 2022). Net income: JP¥56.0m (down 84% from 2Q 2022). Profit margin: 1.2% (down from 8.7% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 7 highly experienced directors. 1 independent director (6 non-independent directors). Independent Outside Director Yukiko Ohshima was the last independent director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Sep 17
First quarter 2023 earnings released: EPS: JP¥6.13 (vs JP¥14.67 in 1Q 2022) First quarter 2023 results: EPS: JP¥6.13 (down from JP¥14.67 in 1Q 2022). Revenue: JP¥4.33b (up 9.0% from 1Q 2022). Net income: JP¥84.0m (down 58% from 1Q 2022). Profit margin: 1.9% (down from 5.1% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Ankündigung • Aug 28
Choushimaru Co.,Ltd. to Report Q1, 2023 Results on Sep 15, 2022 Choushimaru Co.,Ltd. announced that they will report Q1, 2023 results on Sep 15, 2022 Ankündigung • Jun 30
Choushimaru Co.,Ltd., Annual General Meeting, Aug 04, 2022 Choushimaru Co.,Ltd., Annual General Meeting, Aug 04, 2022. Reported Earnings • Jun 29
Full year 2022 earnings released: EPS: JP¥77.16 (vs JP¥27.60 in FY 2021) Full year 2022 results: EPS: JP¥77.16 (up from JP¥27.60 in FY 2021). Revenue: JP¥17.0b (down 4.3% from FY 2021). Net income: JP¥1.06b (up 180% from FY 2021). Profit margin: 6.2% (up from 2.1% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Upcoming Dividend • May 05
Upcoming dividend of JP¥6.00 per share Eligible shareholders must have bought the stock before 12 May 2022. Payment date: 06 August 2022. Trailing yield: 0.5%. Lower than top quartile of Japanese dividend payers (3.5%). In line with average of industry peers (0.5%). Board Change • Apr 27
Less than half of directors are independent 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. 4 highly experienced directors. 1 independent director (6 non-independent directors). Independent Outside Director Yukiko Ohshima was the last independent director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Ankündigung • Apr 13
Choushimaru Co.,Ltd. to Report Fiscal Year 2022 Results on Jun 28, 2022 Choushimaru Co.,Ltd. announced that they will report fiscal year 2022 results on Jun 28, 2022 Reported Earnings • Mar 16
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥31.54 (up from JP¥9.93 in 3Q 2021). Revenue: JP¥4.74b (flat on 3Q 2021). Net income: JP¥432.0m (up 218% from 3Q 2021). Profit margin: 9.1% (up from 2.9% in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Ankündigung • Feb 02
Choushimaru Co.,Ltd. to Report Q3, 2022 Results on Mar 15, 2022 Choushimaru Co.,Ltd. announced that they will report Q3, 2022 results on Mar 15, 2022 Reported Earnings • Dec 19
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Second quarter 2022 results: EPS: JP¥24.75 (up from JP¥8.10 in 2Q 2021). Revenue: JP¥3.89b (down 12% from 2Q 2021). Net income: JP¥339.0m (up 205% from 2Q 2021). Profit margin: 8.7% (up from 2.5% in 2Q 2021). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Reported Earnings • Sep 17
First quarter 2022 earnings released: EPS JP¥14.67 (vs JP¥6.64 in 1Q 2021) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2022 results: Revenue: JP¥3.97b (down 8.8% from 1Q 2021). Net income: JP¥201.0m (up 121% from 1Q 2021). Profit margin: 5.1% (up from 2.1% in 1Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Reported Earnings • Jul 02
Full year 2021 earnings released: EPS JP¥27.59 (vs JP¥6.79 loss 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¥17.8b (down 1.6% from FY 2020). Net income: JP¥378.0m (up JP¥471.0m from FY 2020). Profit margin: 2.1% (up from net loss in FY 2020). Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Reported Earnings • Mar 16
Third quarter 2021 earnings released: EPS JP¥9.93 (vs JP¥9.86 in 3Q 2020) The company reported a mediocre third quarter result with weaker revenues, although earnings were flat and profit margins improved. Third quarter 2021 results: Revenue: JP¥4.71b (down 7.4% from 3Q 2020). Net income: JP¥136.0m (flat on 3Q 2020). Profit margin: 2.9% (up from 2.7% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Mar 01
New 90-day high: JP¥1,103 The company is up 9.0% from its price of JP¥1,011 on 01 December 2020. The Japanese market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 6.0% over the same period. Reported Earnings • Dec 16
Second quarter 2021 earnings released: EPS JP¥8.10 The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: JP¥4.44b (down 7.6% from 2Q 2020). Net income: JP¥111.0m (up 296% from 2Q 2020). Profit margin: 2.5% (up from 0.6% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Oct 05
New 90-day high: JP¥1,189 The company is up 14% from its price of JP¥1,040 on 07 July 2020. The Japanese market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 4.0% over the same period. Ankündigung • Aug 24
Choushimaru Co.,Ltd. to Report Q3, 2021 Results on Mar 15, 2021 Choushimaru Co.,Ltd. announced that they will report Q3, 2021 results on Mar 15, 2021