Valuation Update With 7 Day Price Move • Aug 17
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to JP¥2,092, the stock trades at a trailing P/E ratio of 6.4x. Average trailing P/E is 14x in the Media industry in Japan. Total returns to shareholders of 309% over the past three years. New Risk • Aug 17
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 7.4% 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 (74% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (7.4% average weekly change). Reported Earnings • May 20
Full year 2026 earnings released: EPS: JP¥327 (vs JP¥85.03 in FY 2025) Full year 2026 results: EPS: JP¥327 (up from JP¥85.03 in FY 2025). Revenue: JP¥4.44b (up 15% from FY 2025). Net income: JP¥2.57b (up 285% from FY 2025). Profit margin: 58% (up from 17% in FY 2025). Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Ankündigung • May 15
Rentracks CO.,LTD., Annual General Meeting, Jun 26, 2026 Rentracks CO.,LTD., Annual General Meeting, Jun 26, 2026. Ankündigung • May 10
Rentracks CO.,LTD. to Report Fiscal Year 2026 Results on May 15, 2026 Rentracks CO.,LTD. announced that they will report fiscal year 2026 results on May 15, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥12.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 30 June 2026. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (2.0%). Reported Earnings • Feb 14
Third quarter 2026 earnings released: EPS: JP¥18.46 (vs JP¥21.26 in 3Q 2025) Third quarter 2026 results: EPS: JP¥18.46 (down from JP¥21.26 in 3Q 2025). Revenue: JP¥1.16b (up 20% from 3Q 2025). Net income: JP¥145.0m (down 13% from 3Q 2025). Profit margin: 13% (down from 17% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Ankündigung • Feb 10
Rentracks CO.,LTD. (TSE:6045) completed the acquisition of 95% stake in Ijima Kingin Kogyo Co., Ltd. from Takayuki Ijima. Rentracks CO.,LTD. (TSE:6045) entered into a share purchase agreement to acquire 95% stake in Ijima Kingin Kogyo Co., Ltd. from Takayuki Ijima on January 21, 2026. Rentracks CO.,LTD. will acquire 2095 shares of Ijima Kingin Kogyo Co., Ltd. representing 95% stake and will pay a cash consideration in exchange.
For the period ending February 28, 2025, Ijima Kingin Kogyo Co., Ltd. reported total revenue of ¥22.17 billion, EBIT of ¥41 million and net income of ¥194 million. As of February 28, 2025, Ijima Kingin Kogyo Co., Ltd. reported total assets of ¥3.27 billion and total common equity of ¥2.01 billion.
The expected completion of the transaction is February 6, 2026.
Rentracks CO.,LTD. (TSE:6045) completed the acquisition of 95% stake in Ijima Kingin Kogyo Co., Ltd. from Takayuki Ijima on February 9, 2026. Ankündigung • Nov 29
Rentracks CO.,LTD. to Report Q3, 2026 Results on Feb 12, 2026 Rentracks CO.,LTD. announced that they will report Q3, 2026 results on Feb 12, 2026 Reported Earnings • Nov 19
Second quarter 2026 earnings released: EPS: JP¥17.82 (vs JP¥27.11 in 2Q 2025) Second quarter 2026 results: EPS: JP¥17.82 (down from JP¥27.11 in 2Q 2025). Revenue: JP¥1.12b (up 19% from 2Q 2025). Net income: JP¥140.0m (down 34% from 2Q 2025). Profit margin: 13% (down from 23% in 2Q 2025). The decrease in margin was driven by higher expenses. 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 14% per year, which means it is significantly lagging earnings growth. New Risk • Sep 22
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 4.9% 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 Share price has been volatile over the past 3 months (4.9% average weekly change). Market cap is less than US$100m (JP¥13.1b market cap, or US$88.7m). Ankündigung • Sep 01
Rentracks CO.,LTD. to Report Q2, 2026 Results on Nov 14, 2025 Rentracks CO.,LTD. announced that they will report Q2, 2026 results on Nov 14, 2025 Valuation Update With 7 Day Price Move • Aug 21
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥1,489, the stock trades at a trailing P/E ratio of 15.9x. Average trailing P/E is 18x in the Media industry in Japan. Total returns to shareholders of 113% over the past three years. Reported Earnings • Aug 16
First quarter 2026 earnings released: EPS: JP¥35.01 (vs JP¥26.48 in 1Q 2025) First quarter 2026 results: EPS: JP¥35.01 (up from JP¥26.48 in 1Q 2025). Revenue: JP¥1.02b (up 5.3% from 1Q 2025). Net income: JP¥275.0m (up 32% from 1Q 2025). Profit margin: 27% (up from 22% in 1Q 2025). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 29% per year and the company’s share price has also increased by 29% per year. New Risk • Jul 17
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 0% Dividend yield: 2.0% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. 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 Shares are highly illiquid. Minor Risks Dividend is not well covered by cash flows (0% cash payout ratio). Market cap is less than US$100m (JP¥8.85b market cap, or US$59.6m). Reported Earnings • Jun 29
Full year 2025 earnings released: EPS: JP¥85.03 (vs JP¥43.15 in FY 2024) Full year 2025 results: EPS: JP¥85.03 (up from JP¥43.15 in FY 2024). Revenue: JP¥3.86b (up 17% from FY 2024). Net income: JP¥668.0m (up 97% from FY 2024). Profit margin: 17% (up from 10% 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 17% per year whereas the company’s share price has increased by 22% per year. Ankündigung • May 31
Rentracks CO.,LTD. to Report Q1, 2026 Results on Aug 14, 2025 Rentracks CO.,LTD. announced that they will report Q1, 2026 results on Aug 14, 2025 Reported Earnings • May 21
Full year 2025 earnings released: EPS: JP¥85.03 (vs JP¥43.15 in FY 2024) Full year 2025 results: EPS: JP¥85.03 (up from JP¥43.15 in FY 2024). Revenue: JP¥3.86b (up 17% from FY 2024). Net income: JP¥668.0m (up 97% from FY 2024). Profit margin: 17% (up from 10% 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 17% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • May 15
Rentracks CO.,LTD., Annual General Meeting, Jun 27, 2025 Rentracks CO.,LTD., Annual General Meeting, Jun 27, 2025. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥926, the stock trades at a trailing P/E ratio of 11.7x. Average trailing P/E is 17x in the Media industry in Japan. Total returns to shareholders of 53% over the past three years. Ankündigung • Mar 27
Rentracks CO.,LTD. to Report Fiscal Year 2025 Results on May 15, 2025 Rentracks CO.,LTD. announced that they will report fiscal year 2025 results on May 15, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥23.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 30 June 2025. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (2.3%). Reported Earnings • Feb 15
Third quarter 2025 earnings released: EPS: JP¥21.26 (vs JP¥17.95 in 3Q 2024) Third quarter 2025 results: EPS: JP¥21.26 (up from JP¥17.95 in 3Q 2024). Revenue: JP¥964.0m (up 23% from 3Q 2024). Net income: JP¥167.0m (up 18% from 3Q 2024). Profit margin: 17% (in line with 3Q 2024). 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 15% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Feb 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 6.8% 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 Share price has been volatile over the past 3 months (6.8% average weekly change). Market cap is less than US$100m (JP¥7.38b market cap, or US$48.4m). Valuation Update With 7 Day Price Move • Feb 14
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to JP¥940, the stock trades at a trailing P/E ratio of 12.4x. Average trailing P/E is 18x in the Media industry in Japan. Total returns to shareholders of 66% over the past three years. Ankündigung • Nov 30
Rentracks CO.,LTD. to Report Q3, 2025 Results on Feb 13, 2025 Rentracks CO.,LTD. announced that they will report Q3, 2025 results on Feb 13, 2025 New Risk • Nov 07
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 8.3% 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 (8.3% 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¥5.29b market cap, or US$34.2m). Ankündigung • Sep 27
Rentracks CO.,LTD. to Report Q2, 2025 Results on Nov 14, 2024 Rentracks CO.,LTD. announced that they will report Q2, 2025 results on Nov 14, 2024 New Risk • Sep 24
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 8.6% 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 (8.6% average weekly change). Market cap is less than US$100m (JP¥4.93b market cap, or US$34.3m). Reported Earnings • Aug 19
First quarter 2025 earnings released: EPS: JP¥26.48 (vs JP¥4.58 in 1Q 2024) First quarter 2025 results: EPS: JP¥26.48 (up from JP¥4.58 in 1Q 2024). Revenue: JP¥967.0m (up 19% from 1Q 2024). Net income: JP¥208.0m (up 478% from 1Q 2024). Profit margin: 22% (up from 4.4% in 1Q 2024). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Aug 14
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥545, the stock trades at a trailing P/E ratio of 12.6x. Average trailing P/E is 16x in the Media industry in Japan. Total loss to shareholders of 8.6% over the past three years. Ankündigung • Jun 28
Rentracks CO.,LTD. to Report Q1, 2025 Results on Aug 14, 2024 Rentracks CO.,LTD. announced that they will report Q1, 2025 results on Aug 14, 2024 Reported Earnings • May 21
Full year 2024 earnings released: EPS: JP¥43.15 (vs JP¥25.20 in FY 2023) Full year 2024 results: EPS: JP¥43.15 (up from JP¥25.20 in FY 2023). Revenue: JP¥3.30b (flat on FY 2023). Net income: JP¥339.0m (up 71% from FY 2023). Profit margin: 10% (up from 6.0% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Ankündigung • May 18
Rentracks CO.,LTD., Annual General Meeting, Jun 27, 2024 Rentracks CO.,LTD., Annual General Meeting, Jun 27, 2024. New Risk • Mar 25
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 5.9% 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 Dividend is not well covered by earnings (dividend per share is over 5x earnings per share). Share price has been volatile over the past 3 months (5.9% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.9% net profit margin). Market cap is less than US$100m (JP¥4.20b market cap, or US$27.7m). Upcoming Dividend • Mar 21
Upcoming dividend of JP¥12.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.2%). In line with average of industry peers (2.2%). Ankündigung • Mar 02
Rentracks CO.,LTD. to Report Fiscal Year 2024 Results on May 15, 2024 Rentracks CO.,LTD. announced that they will report fiscal year 2024 results on May 15, 2024 Reported Earnings • Feb 15
Third quarter 2024 earnings released: EPS: JP¥17.95 (vs JP¥18.97 in 3Q 2023) Third quarter 2024 results: EPS: JP¥17.95 (down from JP¥18.97 in 3Q 2023). Revenue: JP¥782.0m (down 5.0% from 3Q 2023). Net income: JP¥141.0m (down 5.4% from 3Q 2023). Profit margin: 18% (in line with 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Ankündigung • Nov 27
Rentracks CO.,LTD. to Report Q3, 2024 Results on Feb 13, 2024 Rentracks CO.,LTD. announced that they will report Q3, 2024 results on Feb 13, 2024 Reported Earnings • Nov 19
Second quarter 2024 earnings released: EPS: JP¥16.29 (vs JP¥19.60 in 2Q 2023) Second quarter 2024 results: EPS: JP¥16.29 (down from JP¥19.60 in 2Q 2023). Revenue: JP¥817.0m (down 6.4% from 2Q 2023). Net income: JP¥128.0m (down 17% from 2Q 2023). Profit margin: 16% (down from 18% in 2Q 2023). 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 1% per year. Ankündigung • Aug 30
Rentracks CO.,LTD. to Report Q2, 2024 Results on Nov 14, 2023 Rentracks CO.,LTD. announced that they will report Q2, 2024 results on Nov 14, 2023 Reported Earnings • Aug 16
First quarter 2024 earnings released: EPS: JP¥4.58 (vs JP¥21.64 in 1Q 2023) First quarter 2024 results: EPS: JP¥4.58 (down from JP¥21.64 in 1Q 2023). Revenue: JP¥816.0m (up 9.1% from 1Q 2023). Net income: JP¥36.0m (down 79% from 1Q 2023). Profit margin: 4.4% (down from 23% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Ankündigung • May 30
Rentracks CO.,LTD. to Report Q1, 2024 Results on Aug 15, 2023 Rentracks CO.,LTD. announced that they will report Q1, 2024 results on Aug 15, 2023 Valuation Update With 7 Day Price Move • May 12
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥656, the stock trades at a trailing P/E ratio of 10.1x. Average trailing P/E is 15x in the Media industry in Japan. Total returns to shareholders of 88% over the past three years. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥21.00 per share at 1.4% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 15% but the company is not cash flow positive. Trailing yield: 1.4%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (2.6%). Reported Earnings • Feb 15
Third quarter 2023 earnings released: EPS: JP¥18.97 (vs JP¥17.02 in 3Q 2022) Third quarter 2023 results: EPS: JP¥18.97 (up from JP¥17.02 in 3Q 2022). Revenue: JP¥823.0m (up 35% from 3Q 2022). Net income: JP¥149.0m (up 11% from 3Q 2022). Profit margin: 18% (down from 22% 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 64% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Ankündigung • Nov 27
Rentracks CO.,LTD. to Report Q3, 2023 Results on Feb 13, 2023 Rentracks CO.,LTD. announced that they will report Q3, 2023 results on Feb 13, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: JP¥19.60 (vs JP¥14.48 in 2Q 2022) Second quarter 2023 results: EPS: JP¥19.60 (up from JP¥14.48 in 2Q 2022). Revenue: JP¥873.0m (up 63% from 2Q 2022). Net income: JP¥154.0m (up 35% from 2Q 2022). Profit margin: 18% (down from 21% 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 65% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 3 experienced directors. 6 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Outside Director Yoshihiro Morito was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Ankündigung • Aug 28
Rentracks CO.,LTD. to Report Q2, 2023 Results on Nov 14, 2022 Rentracks CO.,LTD. announced that they will report Q2, 2023 results on Nov 14, 2022 Valuation Update With 7 Day Price Move • Aug 23
Investor sentiment improved over the past week After last week's 21% share price gain to JP¥773, the stock trades at a trailing P/E ratio of 13.3x. Average trailing P/E is 14x in the Media industry in Japan. Total returns to shareholders of 65% over the past three years. Reported Earnings • Aug 14
First quarter 2023 earnings released: EPS: JP¥21.64 (vs JP¥19.43 in 1Q 2022) First quarter 2023 results: EPS: JP¥21.64 (up from JP¥19.43 in 1Q 2022). Revenue: JP¥748.0m (up 22% from 1Q 2022). Net income: JP¥170.0m (up 11% from 1Q 2022). Profit margin: 23% (down from 25% 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 57% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Ankündigung • Jun 29
Rentracks CO.,LTD. to Report Q1, 2023 Results on Aug 12, 2022 Rentracks CO.,LTD. announced that they will report Q1, 2023 results on Aug 12, 2022 Ankündigung • May 18
Rentracks CO.,LTD., Annual General Meeting, Jun 29, 2022 Rentracks CO.,LTD., Annual General Meeting, Jun 29, 2022. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Outside Director Yoshihiro Morito was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Ankündigung • Apr 08
Rentracks CO.,LTD. to Report Fiscal Year 2022 Results on May 16, 2022 Rentracks CO.,LTD. announced that they will report fiscal year 2022 results on May 16, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 30 June 2022. Payout ratio is a comfortable 15% but the company is not cash flow positive. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (2.0%). Reported Earnings • Feb 16
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥17.02 (up from JP¥11.81 in 3Q 2021). Revenue: JP¥608.0m (down 80% from 3Q 2021). Net income: JP¥134.0m (up 44% from 3Q 2021). Profit margin: 22% (up from 3.1% in 3Q 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 increased by 26% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 15
Second quarter 2022 earnings released: EPS JP¥14.48 (vs JP¥1.91 in 2Q 2021) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2022 results: Revenue: JP¥536.0m (down 79% from 2Q 2021). Net income: JP¥114.0m (up JP¥99.0m from 2Q 2021). Profit margin: 21% (up from 0.6% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Aug 30
Investor sentiment improved over the past week After last week's 16% share price gain to JP¥781, the stock trades at a trailing P/E ratio of 18.4x. Average trailing P/E is 18x in the Media industry in Japan. Total loss to shareholders of 16% over the past three years. Reported Earnings • May 19
Full year 2021 earnings released: EPS JP¥27.68 (vs JP¥7.48 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥12.4b (up 30% from FY 2020). Net income: JP¥218.0m (up 270% from FY 2020). Profit margin: 1.8% (up from 0.6% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥9.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 29 June 2021. Trailing yield: 1.5%. Lower than top quartile of Japanese dividend payers (2.7%). In line with average of industry peers (1.5%). Ankündigung • Mar 04
Rentracks CO.,LTD. to Report Fiscal Year 2021 Results on May 14, 2021 Rentracks CO.,LTD. announced that they will report fiscal year 2021 results on May 14, 2021 Reported Earnings • Feb 14
Third quarter 2021 earnings released: EPS JP¥11.81 (vs JP¥2.79 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¥3.01b (up 49% from 3Q 2020). Net income: JP¥93.0m (up JP¥115.0m from 3Q 2020). Profit margin: 3.1% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment improved over the past week After last week's 15% share price gain to JP¥646, the stock is trading at a trailing P/E ratio of 73.7x, up from the previous P/E ratio of 64x. This compares to an average P/E of 26x in the Media industry in Japan. Total return to shareholders over the past three years is a loss of 31%. Is New 90 Day High Low • Jan 18
New 90-day high: JP¥621 The company is up 22% from its price of JP¥509 on 20 October 2020. The Japanese market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Media industry, which is up 3.0% over the same period. Ankündigung • Oct 10
Rentracks CO.,LTD. to Report Q2, 2021 Results on Nov 13, 2020 Rentracks CO.,LTD. announced that they will report Q2, 2021 results on Nov 13, 2020 Ankündigung • Jul 05
Rentracks CO.,LTD. to Report Q1, 2021 Results on Aug 14, 2020 Rentracks CO.,LTD. announced that they will report Q1, 2021 results on Aug 14, 2020