Reported Earnings • May 15
Third quarter 2026 earnings released: EPS: JP¥34.36 (vs JP¥19.84 in 3Q 2025) Third quarter 2026 results: EPS: JP¥34.36 (up from JP¥19.84 in 3Q 2025). Revenue: JP¥5.93b (up 47% from 3Q 2025). Net income: JP¥505.0m (up 71% from 3Q 2025). Profit margin: 8.5% (up from 7.3% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 27% per year whereas the company’s share price has increased by 28% per year. New Risk • May 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 9.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (54% accrual ratio). Minor Risks Dividend is not well covered by cash flows (dividend per share is over 21x cash flows per share). Share price has been volatile over the past 3 months (9.5% average weekly change). Valuation Update With 7 Day Price Move • May 14
Investor sentiment improves as stock rises 32% After last week's 32% share price gain to JP¥1,315, the stock trades at a trailing P/E ratio of 12.7x. Average trailing P/E is 16x in the Media industry in Japan. Total returns to shareholders of 133% over the past three years. Declared Dividend • Mar 10
First half dividend of JP¥15.00 announced Dividend of JP¥15.00 is the same as last year. Ex-date: 29th June 2026 Payment date: 29th September 2026 Dividend yield will be 2.7%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is covered by earnings (15% earnings payout ratio) but not covered by cash flows (dividend approximately 21x free cash flows). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 31% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Ankündigung • Mar 03
SUNNY SIDE UP GROUP Inc. (TSE:2180) completed the acquisition of BILCOM Inc. from Shigeru Ota, NGK LLC, Kurara Hayakawa. SUNNY SIDE UP GROUP Inc. (TSE:2180) agreed to acquire BILCOM Inc. from Shigeru Ota, NGK LLC, Kurara Hayakawa on January 26, 2026.
The transaction is subject to consummation of due diligence investigation and third party approval needed. The transaction is expected to be completed in early March 2026.
SUNNY SIDE UP GROUP Inc. (TSE:2180) completed the acquisition of BILCOM Inc. from Shigeru Ota, NGK LLC, Kurara Hayakawa on March 2, 2026. Reported Earnings • Feb 16
Second quarter 2026 earnings released: EPS: JP¥44.79 (vs JP¥29.40 in 2Q 2025) Second quarter 2026 results: EPS: JP¥44.79 (up from JP¥29.40 in 2Q 2025). Revenue: JP¥8.07b (up 30% from 2Q 2025). Net income: JP¥656.3m (up 50% from 2Q 2025). Profit margin: 8.1% (up from 7.1% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 20% per year. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥11.00 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 10 March 2026. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%). Ankündigung • Nov 29
SUNNY SIDE UP GROUP Inc. to Report Q2, 2026 Results on Feb 13, 2026 SUNNY SIDE UP GROUP Inc. announced that they will report Q2, 2026 results on Feb 13, 2026 Reported Earnings • Nov 17
First quarter 2026 earnings released: EPS: JP¥32.25 (vs JP¥8.61 in 1Q 2025) First quarter 2026 results: EPS: JP¥32.25 (up from JP¥8.61 in 1Q 2025). Revenue: JP¥5.43b (up 48% from 1Q 2025). Net income: JP¥479.0m (up 273% from 1Q 2025). Profit margin: 8.8% (up from 3.5% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 14% per year. New Risk • Nov 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. 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. Share price has been volatile over the past 3 months (7.2% average weekly change). Market cap is less than US$100m (JP¥12.8b market cap, or US$82.5m). Valuation Update With 7 Day Price Move • Nov 13
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to JP¥815, the stock trades at a trailing P/E ratio of 12.6x. Average trailing P/E is 17x in the Media industry in Japan. Total returns to shareholders of 54% over the past three years. Declared Dividend • Oct 06
Final dividend of JP¥11.00 announced Shareholders will receive a dividend of JP¥11.00. Ex-date: 29th December 2025 Payment date: 10th March 2026 Dividend yield will be 3.4%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is well covered by both earnings (47% earnings payout ratio) and cash flows (17% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 38% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Sep 03
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥799, the stock trades at a trailing P/E ratio of 12.6x. Average trailing P/E is 17x in the Media industry in Japan. Total returns to shareholders of 45% over the past three years. Ankündigung • Sep 01
SUNNY SIDE UP GROUP Inc. to Report Q1, 2026 Results on Nov 13, 2025 SUNNY SIDE UP GROUP Inc. announced that they will report Q1, 2026 results on Nov 13, 2025 Reported Earnings • Aug 15
Full year 2025 earnings released: EPS: JP¥63.54 (vs JP¥53.29 in FY 2024) Full year 2025 results: EPS: JP¥63.54 (up from JP¥53.29 in FY 2024). Revenue: JP¥19.6b (up 9.4% from FY 2024). Net income: JP¥948.0m (up 19% from FY 2024). Profit margin: 4.8% (up from 4.4% in FY 2024). 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 but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Upcoming Dividend • Jun 20
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 27 June 2025. Payment date: 26 September 2025. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (4.0%). Higher than average of industry peers (2.1%). New Risk • May 15
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: 3.8% Last year net profit margin: 6.3% 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 (3.8% net profit margin). Market cap is less than US$100m (JP¥7.39b market cap, or US$50.6m). Reported Earnings • May 15
Third quarter 2025 earnings released: EPS: JP¥19.84 (vs JP¥24.00 in 3Q 2024) Third quarter 2025 results: EPS: JP¥19.84 (down from JP¥24.00 in 3Q 2024). Revenue: JP¥4.04b (down 10.0% from 3Q 2024). Net income: JP¥296.0m (down 17% from 3Q 2024). Profit margin: 7.3% (down from 8.0% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥438, the stock trades at a trailing P/E ratio of 8.6x. Average trailing P/E is 16x in the Media industry in Japan. Total loss to shareholders of 39% over the past three years. Ankündigung • Mar 15
SUNNY SIDE UP GROUP Inc. to Report Q3, 2025 Results on May 13, 2025 SUNNY SIDE UP GROUP Inc. announced that they will report Q3, 2025 results on May 13, 2025 Declared Dividend • Mar 11
First half dividend of JP¥15.00 announced Shareholders will receive a dividend of JP¥15.00. Ex-date: 27th June 2025 Payment date: 26th September 2025 Dividend yield will be 4.3%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is well covered by both earnings (43% earnings payout ratio) and cash flows (28% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 7.6% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 15
Second quarter 2025 earnings released: EPS: JP¥29.44 (vs JP¥33.86 in 2Q 2024) Second quarter 2025 results: EPS: JP¥29.44 (down from JP¥33.86 in 2Q 2024). Revenue: JP¥6.21b (up 4.7% from 2Q 2024). Net income: JP¥439.3m (down 13% from 2Q 2024). Profit margin: 7.1% (down from 8.5% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Ankündigung • Feb 15
Sunny Side Up Group Inc. Announces Interim Dividend for the First Half of 2025, Payable on March 10, 2025 SUNNY SIDE UP GROUP Inc. announced that it has resolved, at a meeting of the Board of Directors held on February 13, 2025, to pay dividends of surplus ¥7 per share (Interim Dividend) against ¥5 per share a year ago, with a record date of December 31, 2024. Effective date is March 10, 2025. Upcoming Dividend • Dec 20
Upcoming dividend of JP¥7.00 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 11 March 2025. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.3%). Ankündigung • Nov 30
SUNNY SIDE UP GROUP Inc. to Report Q2, 2025 Results on Feb 13, 2025 SUNNY SIDE UP GROUP Inc. announced that they will report Q2, 2025 results on Feb 13, 2025 Declared Dividend • Oct 10
Final dividend increased to JP¥7.00 Dividend of JP¥7.00 is 40% higher than last year. Ex-date: 27th December 2024 Payment date: 11th March 2025 Dividend yield will be 3.9%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is covered by both earnings (38% earnings payout ratio) and cash flows (63% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 9.8% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Sep 25
Now 26% overvalued Over the last 90 days, the stock has fallen 11% to JP¥590. The fair value is estimated to be JP¥467, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.9% over the last 3 years. Earnings per share has grown by 27%. Buy Or Sell Opportunity • Aug 30
Now 21% overvalued Over the last 90 days, the stock has fallen 16% to JP¥574. The fair value is estimated to be JP¥472, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.9% over the last 3 years. Earnings per share has grown by 27%. Ankündigung • Aug 28
SUNNY SIDE UP GROUP Inc. to Report Q1, 2025 Results on Nov 14, 2024 SUNNY SIDE UP GROUP Inc. announced that they will report Q1, 2025 results on Nov 14, 2024 Ankündigung • Aug 13
SUNNY SIDE UP GROUP Inc., Annual General Meeting, Sep 25, 2024 SUNNY SIDE UP GROUP Inc., Annual General Meeting, Sep 25, 2024. New Risk • Aug 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. 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. Share price has been volatile over the past 3 months (7.0% average weekly change). Market cap is less than US$100m (JP¥6.98b market cap, or US$49.0m). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 29% After last week's 29% share price decline to JP¥468, the stock trades at a trailing P/E ratio of 6x. Average trailing P/E is 16x in the Media industry in Japan. Total loss to shareholders of 29% over the past three years. Upcoming Dividend • Jun 20
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 27 June 2024. Payment date: 27 September 2024. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 4.6%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (2.3%). Ankündigung • Jun 06
SUNNY SIDE UP GROUP Inc. to Report Fiscal Year 2024 Results on Aug 13, 2024 SUNNY SIDE UP GROUP Inc. announced that they will report fiscal year 2024 results on Aug 13, 2024 Reported Earnings • May 16
Third quarter 2024 earnings released: EPS: JP¥24.00 (vs JP¥10.26 in 3Q 2023) Third quarter 2024 results: EPS: JP¥24.00 (up from JP¥10.26 in 3Q 2023). Revenue: JP¥4.48b (up 41% from 3Q 2023). Net income: JP¥358.0m (up 134% from 3Q 2023). Profit margin: 8.0% (up from 4.8% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Ankündigung • Feb 24
Sunny Side Up Group, Inc. to Report Q3, 2024 Results on May 13, 2024 Sunny Side Up Group, Inc. announced that they will report Q3, 2024 results on May 13, 2024 Reported Earnings • Feb 15
Second quarter 2024 earnings released: EPS: JP¥33.86 (vs JP¥20.45 in 2Q 2023) Second quarter 2024 results: EPS: JP¥33.86 (up from JP¥20.45 in 2Q 2023). Revenue: JP¥5.93b (down 3.6% from 2Q 2023). Net income: JP¥505.0m (up 66% from 2Q 2023). Profit margin: 8.5% (up from 5.0% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Ankündigung • Nov 29
Sunny Side Up Group, Inc. to Report Q2, 2024 Results on Feb 13, 2024 Sunny Side Up Group, Inc. announced that they will report Q2, 2024 results on Feb 13, 2024 Reported Earnings • Nov 16
First quarter 2024 earnings released: EPS: JP¥6.44 (vs JP¥14.39 in 1Q 2023) First quarter 2024 results: EPS: JP¥6.44 (down from JP¥14.39 in 1Q 2023). Revenue: JP¥3.25b (down 31% from 1Q 2023). Net income: JP¥96.0m (down 55% from 1Q 2023). Profit margin: 3.0% (down from 4.6% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. New Risk • Nov 14
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 8.1% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.1% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (JP¥9.61b market cap, or US$63.3m). Valuation Update With 7 Day Price Move • Nov 14
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to JP¥644, the stock trades at a trailing P/E ratio of 10.9x. Average trailing P/E is 15x in the Media industry in Japan. Total returns to shareholders of 4.1% over the past three years. Ankündigung • Aug 30
Sunny Side Up Group, Inc. to Report Q1, 2024 Results on Nov 13, 2023 Sunny Side Up Group, Inc. announced that they will report Q1, 2024 results on Nov 13, 2023 Reported Earnings • Aug 16
Full year 2023 earnings released: EPS: JP¥59.25 (vs JP¥38.57 in FY 2022) Full year 2023 results: EPS: JP¥59.25 (up from JP¥38.57 in FY 2022). Revenue: JP¥19.0b (up 17% from FY 2022). Net income: JP¥884.0m (up 52% from FY 2022). Profit margin: 4.7% (up from 3.6% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Ankündigung • Aug 14
Sunny Side Up Group, Inc., Annual General Meeting, Sep 26, 2023 Sunny Side Up Group, Inc., Annual General Meeting, Sep 26, 2023. Upcoming Dividend • Jun 22
Upcoming dividend of JP¥15.00 per share at 2.2% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 28 September 2023. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.5%). In line with average of industry peers (2.4%). Ankündigung • Jun 03
Sunny Side Up Group, Inc. to Report Fiscal Year 2023 Results on Aug 14, 2023 Sunny Side Up Group, Inc. announced that they will report fiscal year 2023 results on Aug 14, 2023 Reported Earnings • May 19
Third quarter 2023 earnings released: EPS: JP¥10.26 (vs JP¥17.53 in 3Q 2022) Third quarter 2023 results: EPS: JP¥10.26 (down from JP¥17.53 in 3Q 2022). Revenue: JP¥3.18b (down 6.2% from 3Q 2022). Net income: JP¥153.0m (down 42% from 3Q 2022). Profit margin: 4.8% (down from 7.8% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • May 18
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥642, the stock trades at a trailing P/E ratio of 16.7x. Average trailing P/E is 15x in the Media industry in Japan. Total loss to shareholders of 8.9% over the past three years. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥703, the stock trades at a trailing P/E ratio of 18.3x. Average trailing P/E is 15x in the Media industry in Japan. Total returns to shareholders of 23% over the past three years. Reported Earnings • Feb 15
Second quarter 2023 earnings released: EPS: JP¥17.43 (vs JP¥26.62 in 2Q 2022) Second quarter 2023 results: EPS: JP¥17.43 (down from JP¥26.62 in 2Q 2022). Revenue: JP¥5.41b (up 2.8% from 2Q 2022). Net income: JP¥260.2m (down 35% from 2Q 2022). Profit margin: 4.8% (down from 7.6% 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 56% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Ankündigung • Feb 14
Sunny Side Up Group, Inc. Provides Earnings Guidance for the Year Ending June 30, 2023 Sunny Side Up Group, Inc. provided earnings guidance for the year ending June 30, 2023. For the year, the company expected net sales to be JPY 16,500 million; operating profit to be JPY 1,000 million; profit attributable to owners of parent to be JPY 640 million and basic earnings per share to be JPY 42.91. Ankündigung • Feb 13
Sunny Side Up Group, Inc. Provides Dividend Guidance for the Year Ending June 30, 2023 Sunny Side Up Group, Inc. provided dividend guidance for the year ending June 30, 2023. For the year, the company expected JPY 13.00 per share. Ankündigung • Nov 30
Sunny Side Up Group, Inc. to Report Q2, 2023 Results on Feb 13, 2023 Sunny Side Up Group, Inc. announced that they will report Q2, 2023 results on Feb 13, 2023 Reported Earnings • Nov 16
First quarter 2023 earnings released: EPS: JP¥14.39 (vs JP¥8.43 in 1Q 2022) First quarter 2023 results: EPS: JP¥14.39 (up from JP¥8.43 in 1Q 2022). Revenue: JP¥4.68b (up 36% from 1Q 2022). Net income: JP¥215.0m (up 69% from 1Q 2022). Profit margin: 4.6% (up from 3.7% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Director Rie Matsumoto was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Ankündigung • Sep 24
Sunny Side Up Group, Inc. to Report Q1, 2023 Results on Nov 14, 2022 Sunny Side Up Group, Inc. announced that they will report Q1, 2023 results on Nov 14, 2022 Reported Earnings • Aug 17
Full year 2022 earnings released: EPS: JP¥38.57 (vs JP¥19.78 in FY 2021) Full year 2022 results: EPS: JP¥38.57 (up from JP¥19.78 in FY 2021). Revenue: JP¥16.2b (up 5.4% from FY 2021). Net income: JP¥581.0m (up 95% from FY 2021). Profit margin: 3.6% (up from 1.9% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Ankündigung • Aug 17
Sunny Side Up Group, Inc., Annual General Meeting, Sep 27, 2022 Sunny Side Up Group, Inc., Annual General Meeting, Sep 27, 2022. Ankündigung • Jul 02
Sunny Side Up Group, Inc. (TSE:2180) announces an Equity Buyback for 150,000 shares, representing 1% for ¥100 million. Sunny Side Up Group, Inc. (TSE:2180) announces a share repurchase program. Under the program, the company will repurchase up to 150,000 shares, representing 1% of its issued share capital for ¥100 million. The purpose of the program is to enable flexible capital policy implementation in response to changes in the business environment. The program will expire on December 31, 2022. As of March 31, 2022, the company had 15,062,932 issued shares (excluding treasury stock) and 128,668 treasury stock. Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment improved over the past week After last week's 18% share price gain to JP¥669, the stock trades at a trailing P/E ratio of 13.2x. Average trailing P/E is 14x in the Media industry in Japan. Total loss to shareholders of 35% over the past three years. Upcoming Dividend • Jun 22
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 29 June 2022. Payment date: 29 September 2022. Payout ratio is a comfortable 12% but the company is not cash flow positive. Trailing yield: 1.6%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (2.4%). Ankündigung • Jun 03
Sunny Side Up Group, Inc. to Report Fiscal Year 2022 Results on Aug 12, 2022 Sunny Side Up Group, Inc. announced that they will report fiscal year 2022 results on Aug 12, 2022 Valuation Update With 7 Day Price Move • May 20
Investor sentiment deteriorated over the past week After last week's 25% share price decline to JP¥594, the stock trades at a trailing P/E ratio of 11.7x. Average trailing P/E is 13x in the Media industry in Japan. Total loss to shareholders of 39% over the past three years. Reported Earnings • May 18
Third quarter 2022 earnings released: EPS: JP¥17.53 (vs JP¥9.63 in 3Q 2021) Third quarter 2022 results: EPS: JP¥17.53 (up from JP¥9.63 in 3Q 2021). Revenue: JP¥3.39b (down 3.1% from 3Q 2021). Net income: JP¥264.0m (up 82% from 3Q 2021). Profit margin: 7.8% (up from 4.1% in 3Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 15% per year. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Director Rie Matsumoto was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Ankündigung • Apr 07
Sunny Side Up Group, Inc. to Report Q3, 2022 Results on May 13, 2022 Sunny Side Up Group, Inc. announced that they will report Q3, 2022 results on May 13, 2022 Reported Earnings • Feb 17
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Second quarter 2022 results: EPS: JP¥26.62 (up from JP¥12.95 in 2Q 2021). Revenue: JP¥5.27b (up 19% from 2Q 2021). Net income: JP¥401.0m (up 106% from 2Q 2021). Profit margin: 7.6% (up from 4.4% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 39% 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. Reported Earnings • Nov 19
First quarter 2022 earnings released: EPS JP¥8.43 (vs JP¥1.00 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥3.44b (up 24% from 1Q 2021). Net income: JP¥127.0m (up JP¥142.0m from 1Q 2021). Profit margin: 3.7% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Reported Earnings • Oct 05
Full year 2021 earnings released: EPS JP¥19.78 (vs JP¥13.95 loss in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥15.4b (up 9.0% from FY 2020). Net income: JP¥298.0m (up JP¥508.0m from FY 2020). Profit margin: 1.9% (up from net loss in FY 2020). The move to profitability 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 82 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Jun 22
Upcoming dividend of JP¥4.00 per share Eligible shareholders must have bought the stock before 29 June 2021. Payment date: 29 September 2021. Trailing yield: 0.5%. Lower than top quartile of Japanese dividend payers (3.0%). Lower than average of industry peers (1.6%). Reported Earnings • May 18
Third quarter 2021 earnings released: EPS JP¥9.63 (vs JP¥13.01 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥3.50b (up 28% from 3Q 2020). Net income: JP¥145.0m (up JP¥341.0m from 3Q 2020). Profit margin: 4.1% (up from net loss in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Feb 25
New 90-day high: JP¥757 The company is up 15% from its price of JP¥658 on 27 November 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Media industry, which is up 7.0% over the same period. Reported Earnings • Feb 15
Second quarter 2021 earnings released: EPS JP¥12.95 (vs JP¥12.81 in 2Q 2020) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: JP¥4.43b (down 8.8% from 2Q 2020). Net income: JP¥195.0m (up 1.0% from 2Q 2020). Profit margin: 4.4% (up from 4.0% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Ankündigung • Jan 23
AnyMind Japan entered into a contract to acquire 53.1% stake in ENGAWA Co., Ltd from Sunny Side Up Group, Inc. (TSE:2180). AnyMind Japan entered into a contract to acquire 53.1% stake in ENGAWA Co., Ltd from Sunny Side Up Group, Inc. (TSE:2180) on January 22, 2021. Under the terms, AnyMind will pay ¥81 million and 245 shares of AnyMind for 2,327 ENGAWA shares. For the year ended June 2020, ENGAWA had net assets of ¥5.34 million, total assets worth ¥282.37 million, net sales of ¥595.63 million, operating income ¥162 million and net profit of ¥176.22 million. The transaction was resolved by the board of Sunny Side Up Group, Inc. on January 22, 2021. The transaction is scheduled to be completed on January 29, 2021. The impact of the Share Transfer on the consolidated earnings forecast for the fiscal year ending June 2021 (July 1, 2020 to June 30, 2021) will be minor, and there will be no change to the consolidated earnings forecast. Is New 90 Day High Low • Dec 24
New 90-day low: JP¥626 The company is down 12% from its price of JP¥715 on 25 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 5.0% over the same period. Ankündigung • Dec 19
Sunny Side Up Group, Inc. (TSE:2180) intends to acquire 24.2% stake in ENGAWA Co., Ltd from unknown individual and companies for ¥75 million. Sunny Side Up Group, Inc. (TSE:2180) intends to acquire 24.2% stake in ENGAWA Co., Ltd from unknown individual and companies for ¥75 million on December 17, 2020. Under the terms, Sunny Side Up Group will acquire 1,058 shares. After the acquisition, Sunny Side Up Group will hold 55.4% stake in ENGAWA. For the year ended March 2020, Pacific System had net assets of ¥5.34 million, total assets worth ¥282.37 million, net sales of ¥595.63 million, operating income ¥162 million and net profit of ¥176.22 million. The transaction was resolved by the board of Sunny Side Up Group, Inc. on December 15, 2020. The transaction is scheduled to be completed on January 15, 2021. The acquisition will not affect his consolidated earnings forecast for the fiscal year ending June 2021 Ankündigung • Oct 04
Sunny Side Up Group, Inc. to Report Q1, 2021 Results on Nov 13, 2020 Sunny Side Up Group, Inc. announced that they will report Q1, 2021 results on Nov 13, 2020 Ankündigung • Jul 17
SUNNY SIDE UP GROUP Inc. to Report Fiscal Year 2020 Results on Aug 13, 2020 SUNNY SIDE UP GROUP Inc. announced that they will report fiscal year 2020 results on Aug 13, 2020