Reported Earnings • May 13
Full year 2026 earnings: EPS exceeds analyst expectations Full year 2026 results: EPS: JP¥244 (up from JP¥185 in FY 2025). Revenue: JP¥120.5b (up 5.8% from FY 2025). Net income: JP¥8.64b (up 35% from FY 2025). Profit margin: 7.2% (up from 5.6% in FY 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.2%. Revenue is forecast to grow 5.6% p.a. on average during the next 2 years, compared to a 4.4% growth forecast for the Retail Distributors industry in Japan. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 12% per year. Ankündigung • May 12
Doshisha Co.,Ltd., Annual General Meeting, Jun 26, 2026 Doshisha Co.,Ltd., Annual General Meeting, Jun 26, 2026. Ankündigung • May 10
Doshisha Co.,Ltd. to Report Fiscal Year 2026 Results on May 12, 2026 Doshisha Co.,Ltd. announced that they will report fiscal year 2026 results on May 12, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥50.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 30 June 2026. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (2.9%). Ankündigung • Mar 06
Doshisha Co.,Ltd. Announces Board Changes, Effective April 1, 2026 Doshisha Co.,Ltd. t the meeting of the Board of Directors held on March 6, 2026, it resolved to implement the following organizational
restructuring and personnel changes, effective April 1, 2026. Name: Hitoshi Tatsu. New Position: Managing Executive Officer; General Manager, Fourth Business Unit; General Manager, Stock Solution Department. Current Position: Executive Officer; General Manager, Fourth Business Unit; General Manager, Stock Solution Department. Name: Atsushi Nishiyama. New Position: Managing Executive Officer; General Manager, Ninth Business Unit; General Manager, AV Lighting Department. Current Position: Executive Officer; General Manager, Ninth Business Unit; General Manager, AV Lighting Department. Name: Ryosuke Hiraoka. New Position: Executive Officer; General Manager, Watch & Brand Jewelry Department; Director, Watch & Brand Jewelry Merchandising DIV. Current Position: General Manager, Watch & Brand Jewelry Department; Director, Watch & Brand Jewelry Merchandising DIV. Name: Nobuaki Kobayashi. New Position: Executive Officer; Director, Tokyo Head Office Management DIV. Current Position: Director, Tokyo Head Office Management DIV. Name: Akihiko Tanaka. New Position: General Manager, Health & Beauty Department; Director, Health & Beauty Merchandising DIV. Current Position: Supervising Director, Beauty Sales; Director, Beauty Merchandising DIV. Reported Earnings • Jan 31
Third quarter 2026 earnings released: EPS: JP¥88.21 (vs JP¥70.17 in 3Q 2025) Third quarter 2026 results: EPS: JP¥88.21 (up from JP¥70.17 in 3Q 2025). Revenue: JP¥36.7b (up 3.9% from 3Q 2025). Net income: JP¥3.13b (up 28% from 3Q 2025). Profit margin: 8.5% (up from 6.9% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Retail Distributors industry in Japan. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Jan 09
Doshisha Co., Ltd. Announces Personnel Changes in Executive Roles Effective April 1, 2026 DOSHISHA CO., LTD. announced that, at the meeting of its Board of Directors held on January 9, 2026, it resolved to implement the following personnel changes effective April 1, 2026. Tsukasa Inoshita will become Executive Advisor, Managing Executive Officer, Second Business Unit. Tsukasa Inoshita is currently the General Manager of Second Business Unit and General Manager of Home Electronics Department. Daisuke Inoue will become Executive Officer, General Manager of Lifestyle. Daisuke Inoue is currently the General Manager of Second Business Unit, General Manager of Lifestyle Department, and General Manager of Home Electronics Department. Declared Dividend • Dec 04
First half dividend of JP¥50.00 announced Shareholders will receive a dividend of JP¥50.00. Ex-date: 30th March 2026 Payment date: 30th June 2026 Dividend yield will be 3.2%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is well covered by both earnings (43% earnings payout ratio) and cash flows (45% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 7.0% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Ankündigung • Dec 02
Doshisha Co.,Ltd. to Report Q3, 2026 Results on Jan 30, 2026 Doshisha Co.,Ltd. announced that they will report Q3, 2026 results on Jan 30, 2026 Buy Or Sell Opportunity • Nov 11
Now 20% undervalued Over the last 90 days, the stock has risen 9.7% to JP¥2,936. The fair value is estimated to be JP¥3,688, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.9% over the last 3 years. Earnings per share has grown by 10%. Reported Earnings • Nov 01
Second quarter 2026 earnings released: EPS: JP¥54.78 (vs JP¥34.93 in 2Q 2025) Second quarter 2026 results: EPS: JP¥54.78 (up from JP¥34.93 in 2Q 2025). Revenue: JP¥29.0b (up 8.8% from 2Q 2025). Net income: JP¥1.94b (up 61% from 2Q 2025). Profit margin: 6.7% (up from 4.5% 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 10% 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 • Sep 26
Doshisha Co.,Ltd. to Report Q2, 2026 Results on Oct 31, 2025 Doshisha Co.,Ltd. announced that they will report Q2, 2026 results on Oct 31, 2025 Reported Earnings • Aug 02
First quarter 2026 earnings released: EPS: JP¥67.39 (vs JP¥49.15 in 1Q 2025) First quarter 2026 results: EPS: JP¥67.39 (up from JP¥49.15 in 1Q 2025). Revenue: JP¥30.0b (up 7.6% from 1Q 2025). Net income: JP¥2.37b (up 41% from 1Q 2025). Profit margin: 7.9% (up from 6.0% 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 9% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Jul 09
Final dividend of JP¥50.00 announced Shareholders will receive a dividend of JP¥50.00. Ex-date: 29th September 2025 Payment date: 3rd December 2025 Dividend yield will be 3.8%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is well covered by both earnings (42% earnings payout ratio) and cash flows (48% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. 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. Ankündigung • Jun 26
Doshisha Co.,Ltd. to Report Q1, 2026 Results on Jul 31, 2025 Doshisha Co.,Ltd. announced that they will report Q1, 2026 results on Jul 31, 2025 Reported Earnings • May 10
Full year 2025 earnings released: EPS: JP¥185 (vs JP¥169 in FY 2024) Full year 2025 results: EPS: JP¥185 (up from JP¥169 in FY 2024). Revenue: JP¥113.9b (up 7.7% from FY 2024). Net income: JP¥6.41b (up 11% from FY 2024). Profit margin: 5.6% (up from 5.5% 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 7% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • May 09
Doshisha Co.,Ltd., Annual General Meeting, Jun 27, 2025 Doshisha Co.,Ltd., Annual General Meeting, Jun 27, 2025. Ankündigung • Apr 04
Doshisha Co.,Ltd. to Report Fiscal Year 2025 Results on May 09, 2025 Doshisha Co.,Ltd. announced that they will report fiscal year 2025 results on May 09, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥45.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 30 June 2025. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.8%). Reported Earnings • Feb 01
Third quarter 2025 earnings released: EPS: JP¥70.17 (vs JP¥59.73 in 3Q 2024) Third quarter 2025 results: EPS: JP¥70.17 (up from JP¥59.73 in 3Q 2024). Revenue: JP¥35.3b (up 7.4% from 3Q 2024). Net income: JP¥2.44b (up 20% from 3Q 2024). Profit margin: 6.9% (up from 6.2% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 12% per year. Ankündigung • Jan 03
Doshisha Co.,Ltd. to Report Q3, 2025 Results on Jan 31, 2025 Doshisha Co.,Ltd. announced that they will report Q3, 2025 results on Jan 31, 2025 Declared Dividend • Dec 04
First half dividend of JP¥40.00 announced Shareholders will receive a dividend of JP¥40.00. Ex-date: 28th March 2025 Payment date: 30th June 2025 Dividend yield will be 3.8%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is well covered by both earnings (21% earnings payout ratio) and cash flows (31% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 6.2% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 02
Second quarter 2025 earnings released: EPS: JP¥34.93 (vs JP¥34.94 in 2Q 2024) Second quarter 2025 results: EPS: JP¥34.93. Revenue: JP¥26.6b (up 4.5% from 2Q 2024). Net income: JP¥1.21b (up 1.1% from 2Q 2024). Profit margin: 4.5% (down from 4.7% in 2Q 2024). The decrease in margin was driven by higher expenses. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 04 December 2024. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.7%). Ankündigung • Sep 06
Doshisha Co.,Ltd. to Report Q2, 2025 Results on Oct 31, 2024 Doshisha Co.,Ltd. announced that they will report Q2, 2025 results on Oct 31, 2024 Reported Earnings • Aug 02
First quarter 2025 earnings released: EPS: JP¥49.15 (vs JP¥50.91 in 1Q 2024) First quarter 2025 results: EPS: JP¥49.15 (down from JP¥50.91 in 1Q 2024). Revenue: JP¥27.9b (up 5.7% from 1Q 2024). Net income: JP¥1.68b (down 3.5% from 1Q 2024). Profit margin: 6.0% (down from 6.6% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 8% per year. Declared Dividend • Jul 11
Final dividend of JP¥40.00 announced Shareholders will receive a dividend of JP¥40.00. Ex-date: 27th September 2024 Payment date: 4th December 2024 Dividend yield will be 3.6%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is covered by both earnings (43% earnings payout ratio) and cash flows (54% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 8.1% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • May 11
Full year 2024 earnings released: EPS: JP¥169 (vs JP¥164 in FY 2023) Full year 2024 results: EPS: JP¥169 (up from JP¥164 in FY 2023). Revenue: JP¥105.8b (flat on FY 2023). Net income: JP¥5.78b (up 2.9% from FY 2023). Profit margin: 5.5% (up from 5.3% in FY 2023). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Ankündigung • May 11
Doshisha Co.,Ltd., Annual General Meeting, Jun 27, 2024 Doshisha Co.,Ltd., Annual General Meeting, Jun 27, 2024. Ankündigung • Mar 21
Doshisha Co.,Ltd. to Report Fiscal Year 2024 Results on May 09, 2024 Doshisha Co.,Ltd. announced that they will report fiscal year 2024 results on May 09, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥35.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 3.3%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (2.4%). Reported Earnings • Feb 02
Third quarter 2024 earnings released: EPS: JP¥59.72 (vs JP¥68.81 in 3Q 2023) Third quarter 2024 results: EPS: JP¥59.72 (down from JP¥68.81 in 3Q 2023). Revenue: JP¥32.8b (up 1.6% from 3Q 2023). Net income: JP¥2.04b (down 13% from 3Q 2023). Profit margin: 6.2% (down from 7.3% in 3Q 2023). The decrease in margin was driven by higher expenses. 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 5% per year, which means it is well ahead of earnings. Ankündigung • Feb 01
Doshisha Co.,Ltd. Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 2024 Doshisha Co.,Ltd. provided consolidated earnings guidance for the fiscal year ending March 2024. For the year, company expects Net sales of JPY 111,000 million, Operating profit of JPY 9,000 million, Profit attributable to owners of parent of JPY 6,100 million and Basic earnings per share of JPY 178.67. Ankündigung • Nov 29
Doshisha Co.,Ltd. to Report Q3, 2024 Results on Jan 31, 2024 Doshisha Co.,Ltd. announced that they will report Q3, 2024 results on Jan 31, 2024 Reported Earnings • Nov 02
Second quarter 2024 earnings released: EPS: JP¥34.94 (vs JP¥30.76 in 2Q 2023) Second quarter 2024 results: EPS: JP¥34.94 (up from JP¥30.76 in 2Q 2023). Revenue: JP¥25.5b (down 1.0% from 2Q 2023). Net income: JP¥1.19b (up 14% from 2Q 2023). Profit margin: 4.7% (up from 4.1% 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 3% per year. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥35.00 per share at 3.1% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 05 December 2023. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (2.3%). Ankündigung • Sep 02
Doshisha Co.,Ltd. to Report Q2, 2024 Results on Oct 31, 2023 Doshisha Co.,Ltd. announced that they will report Q2, 2024 results on Oct 31, 2023 Reported Earnings • Aug 01
First quarter 2024 earnings released: EPS: JP¥50.91 (vs JP¥46.29 in 1Q 2023) First quarter 2024 results: EPS: JP¥50.91 (up from JP¥46.29 in 1Q 2023). Revenue: JP¥26.4b (down 1.1% from 1Q 2023). Net income: JP¥1.74b (up 9.3% from 1Q 2023). Profit margin: 6.6% (up from 6.0% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Ankündigung • Jul 07
Doshisha Co.,Ltd. to Report Q1, 2024 Results on Jul 31, 2023 Doshisha Co.,Ltd. announced that they will report Q1, 2024 results on Jul 31, 2023 Reported Earnings • May 12
Full year 2023 earnings released: EPS: JP¥164 (vs JP¥147 in FY 2022) Full year 2023 results: EPS: JP¥164 (up from JP¥147 in FY 2022). Revenue: JP¥105.7b (up 4.6% from FY 2022). Net income: JP¥5.62b (up 9.5% from FY 2022). Profit margin: 5.3% (up from 5.1% 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 2% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • May 10
Doshisha Co.,Ltd., Annual General Meeting, Jun 29, 2023 Doshisha Co.,Ltd., Annual General Meeting, Jun 29, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥30.00 per share at 3.1% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.4%). Reported Earnings • Feb 01
Third quarter 2023 earnings released: EPS: JP¥68.81 (vs JP¥54.19 in 3Q 2022) Third quarter 2023 results: EPS: JP¥68.81 (up from JP¥54.19 in 3Q 2022). Revenue: JP¥32.3b (up 3.1% from 3Q 2022). Net income: JP¥2.35b (up 24% from 3Q 2022). Profit margin: 7.3% (up from 6.1% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Retail Distributors industry in Asia. Over the last 3 years on average, earnings per share has increased by 3% per year and the company’s share price has also increased by 3% per year. Ankündigung • Nov 30
Doshisha Co.,Ltd. to Report Q3, 2023 Results on Jan 31, 2023 Doshisha Co.,Ltd. announced that they will report Q3, 2023 results on Jan 31, 2023 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 an independent director. The company's board is composed of: 1 new director. 5 experienced directors. 5 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Outside Director Keiji Takamasu was the last independent director to join the board, commencing their role in 2022. 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 • Nov 02
Second quarter 2023 earnings released: EPS: JP¥30.76 (vs JP¥28.91 in 2Q 2022) Second quarter 2023 results: EPS: JP¥30.76 (up from JP¥28.91 in 2Q 2022). Revenue: JP¥25.7b (up 9.0% from 2Q 2022). Net income: JP¥1.05b (up 3.4% from 2Q 2022). Profit margin: 4.1% (down from 4.3% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Retail Distributors industry in Asia. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Ankündigung • Sep 29
Doshisha Co.,Ltd. to Report Q2, 2023 Results on Oct 31, 2022 Doshisha Co.,Ltd. announced that they will report Q2, 2023 results on Oct 31, 2022 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 06 December 2022. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 4.1%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.5%). Reported Earnings • Jul 31
First quarter 2023 earnings released: EPS: JP¥46.29 (vs JP¥50.51 in 1Q 2022) First quarter 2023 results: EPS: JP¥46.29 (down from JP¥50.51 in 1Q 2022). Revenue: JP¥26.7b (up 4.8% from 1Q 2022). Net income: JP¥1.59b (down 10% from 1Q 2022). Profit margin: 6.0% (down from 7.0% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 2.6%, compared to a 20% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Ankündigung • Jul 02
Doshisha Co.,Ltd. to Report Q1, 2023 Results on Jul 29, 2022 Doshisha Co.,Ltd. announced that they will report Q1, 2023 results on Jul 29, 2022 Reported Earnings • May 11
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: EPS: JP¥147 (down from JP¥187 in FY 2021). Revenue: JP¥101.0b (flat on FY 2021). Net income: JP¥5.13b (down 22% from FY 2021). Profit margin: 5.1% (down from 6.5% in FY 2021). Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) missed analyst estimates by 3.1%. Over the next year, revenue is forecast to stay flat compared to a 12% growth forecast for the retail industry in Japan. 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 5% per year, which means it is significantly lagging earnings. Board Change • Apr 27
No independent directors 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. 5 experienced directors. 5 highly experienced directors. No independent directors (7 non-independent directors). Senior Managing Executive Officer, GM of 3rd Business Division & Director Michinori Sakamoto was the last director to join the board, commencing their role in 2020. 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
Doshisha Co.,Ltd. to Report Fiscal Year 2022 Results on May 09, 2022 Doshisha Co.,Ltd. announced that they will report fiscal year 2022 results on May 09, 2022 Buying Opportunity • Apr 06
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 3.8%. The fair value is estimated to be JP¥1,876, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 16%. Revenue is forecast to grow by 2.4% in 2 years. Earnings is forecast to grow by 11% in the next 2 years. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 30 June 2022. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (2.4%). Buying Opportunity • Mar 07
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 5.8%. The fair value is estimated to be JP¥1,853, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 16% per annum over the last 3 years. Reported Earnings • Feb 02
Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2022 results: EPS: JP¥54.19 (down from JP¥69.49 in 3Q 2021). Revenue: JP¥31.4b (flat on 3Q 2021). Net income: JP¥1.90b (down 22% from 3Q 2021). Profit margin: 6.1% (down from 7.8% in 3Q 2021). Revenue missed analyst estimates by 1.9%. Earnings per share (EPS) exceeded analyst estimates by 1.0%. Over the next year, revenue is forecast to grow 4.0%, compared to a 20% growth forecast for the industry in Japan. 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 2% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 07 December 2021. Trailing yield: 3.4%. Within top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (2.0%). Reported Earnings • Aug 03
First quarter 2022 earnings released: EPS JP¥50.51 (vs JP¥63.27 in 1Q 2021) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥25.4b (down 2.8% from 1Q 2021). Net income: JP¥1.78b (down 21% from 1Q 2021). Profit margin: 7.0% (down from 8.6% in 1Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Reported Earnings • May 12
Full year 2021 earnings released: EPS JP¥187 (vs JP¥115 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥101.3b (up 5.2% from FY 2020). Net income: JP¥6.59b (up 56% from FY 2020). Profit margin: 6.5% (up from 4.4% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 29 June 2021. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.8%). Is New 90 Day High Low • Feb 24
New 90-day low: JP¥1,802 The company is down 10.0% from its price of JP¥2,008 on 26 November 2020. The Japanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Retail Distributors industry, which is down 2.0% over the same period. Reported Earnings • Feb 02
Third quarter 2021 earnings released: EPS JP¥69.48 (vs JP¥48.74 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥31.4b (up 4.9% from 3Q 2020). Net income: JP¥2.44b (up 38% from 3Q 2020). Profit margin: 7.8% (up from 5.9% in 3Q 2020). The increase in margin was driven by higher revenue. 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 10% per year, which means it is significantly lagging earnings. Analyst Estimate Surprise Post Earnings • Feb 02
Revenue and earnings miss expectations Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) also missed analyst estimates by 6.2%. Over the next year, revenue is forecast to grow 2.6% compared to a 1.5% decline forecast for the Retail Distributors industry in Japan. Ankündigung • Dec 03
Doshisha Co.,Ltd. to Report Q3, 2021 Results on Jan 29, 2021 Doshisha Co.,Ltd. announced that they will report Q3, 2021 results on Jan 29, 2021