Ankündigung • Dec 16
Marumitsu Co., Ltd. to Delist from Standard Section of Tokyo Stock Exchange Marumitsu Co., Ltd. will be delisted from standard section of Tokyo Stock Exchange effective from January 06, 2024. Corporate reorganization proceedings. New Risk • Aug 07
New major risk - Negative shareholders equity The company has negative equity. Total equity: -JP¥41m This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Negative equity (-JP¥41m). Earnings have declined by 22% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (5.8% average weekly change). Shareholders have been diluted in the past year (39% increase in shares outstanding). Market cap is less than US$100m (JP¥1.98b market cap, or US$13.9m). Ankündigung • Aug 04
Wealth Brothers Co., Ltd. completed the acquisition of Sanko Advance Co., Ltd. from Marumitsu Co., Ltd. (TSE:8256). Wealth Brothers Co., Ltd. agreed to acquire Sanko Advance Co., Ltd. from Marumitsu Co., Ltd. (TSE:8256) for approximately ¥230 million on February 2, 2023.Wealth Brothers Co., Ltd. completed the acquisition of Sanko Advance Co., Ltd. from Marumitsu Co., Ltd. (TSE:8256) on August 2, 2023. Ankündigung • Jul 30
Marumitsu Co., Ltd. to Report Q1, 2024 Results on Aug 04, 2023 Marumitsu Co., Ltd. announced that they will report Q1, 2024 results on Aug 04, 2023 Reported Earnings • Jul 22
Full year 2023 earnings released: JP¥39.15 loss per share (vs JP¥20.21 loss in FY 2022) Full year 2023 results: JP¥39.15 loss per share (further deteriorated from JP¥20.21 loss in FY 2022). Revenue: JP¥4.18b (down 2.6% from FY 2022). Net loss: JP¥1.37b (loss widened 127% from FY 2022). 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 42% per year, which means it is significantly lagging earnings. Ankündigung • Feb 04
Wealth Brothers Co., Ltd. agreed to acquire Sanko Advance Co., Ltd. from Marumitsu Co., Ltd. (TSE:8256) for approximately ¥230 million. Wealth Brothers Co., Ltd. agreed to acquire Sanko Advance Co., Ltd. from Marumitsu Co., Ltd. (TSE:8256) for approximately ¥230 million on February 2, 2023. Reported Earnings • Feb 03
Third quarter 2023 earnings released: JP¥15.38 loss per share (vs JP¥2.98 loss in 3Q 2022) Third quarter 2023 results: JP¥15.38 loss per share (further deteriorated from JP¥2.98 loss in 3Q 2022). Revenue: JP¥1.29b (down 3.1% from 3Q 2022). Net loss: JP¥517.0m (loss widened 488% from 3Q 2022). 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 14% per year, which means it is significantly lagging earnings. Ankündigung • Dec 28
Marumitsu Co., Ltd. to Report Q3, 2023 Results on Feb 02, 2023 Marumitsu Co., Ltd. announced that they will report Q3, 2023 results on Feb 02, 2023 Ankündigung • Nov 16
Marumitsu Co., Ltd. announced that it expects to receive ¥959.565 million in funding Marumitsu Co., Ltd. has entered into an agreement private placement of 25, 1st unsecured convertible bond at ¥20,000,000 per bond for gross proceeds of ¥500,000,000, 50,000-pieces 4th stock acquisition rights at an issue price of ¥9,191.3 for gross proceeds of ¥459,568,000 for aggregate proceeds of ¥959,565,000 on November 14, 2022. The company transaction will include participation from returning investors Long Corridor Alpha Opportunities Master Fund for 20 units and MAP246 for 5 units. The transaction was approved by the board of directors. The securities are issued through third party allotment method. The transaction is expected to close on November 30, 2022. The bonds are convertible into 5,446,622 shares at conversion price of ¥91.80. The bonds will not be paid with interest, Redemption date for the bonds on December 2, 2024. The bonds will mature for 2 years. The exercise price shall be ¥91.80 for stock acquisition rights. The company will issue 40,000 stock acquisition rights for Long Corridor Alpha Opportunities Master Fund and 10,000 stock acquisition rights for MAP246, returning investors. The transaction is expected to close on November 30, 2022. The securities issued are restricted. The company will pay issue expenses ¥17,825,000 in the transaction. The transaction was approved by the board of directors of the company. Reported Earnings • Nov 03
Second quarter 2023 earnings released: JP¥6.87 loss per share (vs JP¥5.18 loss in 2Q 2022) Second quarter 2023 results: JP¥6.87 loss per share (further deteriorated from JP¥5.18 loss in 2Q 2022). Revenue: JP¥888.0m (down 2.2% from 2Q 2022). Net loss: JP¥227.0m (loss widened 50% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Ankündigung • Sep 24
Marumitsu Co., Ltd. to Report Q2, 2023 Results on Nov 01, 2022 Marumitsu Co., Ltd. announced that they will report Q2, 2023 results on Nov 01, 2022 Reported Earnings • Aug 04
First quarter 2023 earnings released: JP¥3.95 loss per share (vs JP¥1.02 loss in 1Q 2022) First quarter 2023 results: JP¥3.95 loss per share (down from JP¥1.02 loss in 1Q 2022). Revenue: JP¥1.22b (up 3.1% from 1Q 2022). Net loss: JP¥129.0m (loss widened 345% from 1Q 2022). Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jun 22
Full year 2022 earnings released: JP¥20.21 loss per share (vs JP¥0.49 profit in FY 2021) Full year 2022 results: JP¥20.21 loss per share (down from JP¥0.49 profit in FY 2021). Revenue: JP¥4.29b (down 26% from FY 2021). Net loss: JP¥601.0m (down JP¥615.0m from profit in FY 2021). Over the last 3 years on average, earnings per share has increased by 44% 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 29
Marumitsu Co., Ltd., Annual General Meeting, Jun 16, 2022 Marumitsu Co., Ltd., Annual General Meeting, Jun 16, 2022. Reported Earnings • May 11
Full year 2022 earnings released: JP¥20.21 loss per share (vs JP¥0.49 profit in FY 2021) Full year 2022 results: JP¥20.21 loss per share (down from JP¥0.49 profit in FY 2021). Revenue: JP¥4.29b (down 26% from FY 2021). Net loss: JP¥601.0m (down JP¥615.0m from profit in FY 2021). Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Ankündigung • Apr 08
Marumitsu Co., Ltd. to Report Fiscal Year 2022 Results on May 02, 2022 Marumitsu Co., Ltd. announced that they will report fiscal year 2022 results on May 02, 2022 Reported Earnings • Feb 02
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: JP¥2.98 loss per share (down from JP¥0.56 profit in 3Q 2021). Revenue: JP¥1.33b (down 18% from 3Q 2021). Net loss: JP¥88.0m (down JP¥104.0m from profit in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Ankündigung • Dec 28
Marumitsu Co., Ltd. announced that it has received ¥430 million in funding On December 27, 2021, Marumitsu Co., Ltd closed the transaction. Reported Earnings • Nov 04
Second quarter 2022 earnings released: JP¥5.18 loss per share (vs JP¥0.67 profit in 2Q 2021) The company reported a poor second quarter result with weaker earnings, revenues and control over costs. Second quarter 2022 results: Revenue: JP¥908.0m (down 42% from 2Q 2021). Net loss: JP¥151.0m (down JP¥170.0m from profit in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 17% per year. Reported Earnings • Aug 05
First quarter 2022 earnings released: JP¥1.02 loss per share (vs JP¥0.32 loss in 1Q 2021) The company reported a poor first quarter result with increased losses, weaker revenues and weaker control over costs. First quarter 2022 results: Revenue: JP¥1.19b (down 18% from 1Q 2021). Net loss: JP¥29.0m (loss widened 222% from 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 28% per year, which means it is well ahead of earnings. Board Change • Jul 31
High number of new directors Chairman of the Board Koichi Yasuda was the last director to join the board, commencing their role in 2021. Ankündigung • Jul 23
Marumitsu Co., Ltd. (JASDAQ:8256) acquired 50.23% stake in Micro Blood Science, Inc. for approximately ¥390 million Marumitsu Co., Ltd. (JASDAQ:8256) agreed to acquire 50.23% stake in Micro Blood Science, Inc. for approximately ¥390 million on June 25, 2021. Under the transaction, Marumitsu Co., Ltd issued 1.08 million shares to acquire 50.23% stake in Micro Blood Science, Inc. The transaction was approved by board of directors of Marumitsu Co., Ltd.
Marumitsu Co., Ltd. (JASDAQ:8256) completed the acquisition of 50.23% stake in Micro Blood Science, Inc. on July 21, 2021. Reported Earnings • Jun 21
Full year 2021 earnings released: EPS JP¥0.49 (vs JP¥51.06 loss in FY 2020) The company reported a solid full year result with improved earnings and profit margins, although revenues were flat. Full year 2021 results: Revenue: JP¥5.81b (flat on FY 2020). Net income: JP¥14.0m (up JP¥1.21b from FY 2020). Profit margin: 0.2% (up from net loss in FY 2020). Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Reported Earnings • May 09
Full year 2021 earnings released: EPS JP¥0.49 (vs JP¥51.06 loss in FY 2020) The company reported a solid full year result with improved earnings and profit margins, although revenues were flat. Full year 2021 results: Revenue: JP¥5.81b (flat on FY 2020). Net income: JP¥14.0m (up JP¥1.21b from FY 2020). Profit margin: 0.2% (up from net loss in FY 2020). Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Mar 05
New 90-day low: JP¥183 The company is down 28% from its price of JP¥254 on 04 December 2020. The Japanese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Retail Distributors industry, which is flat over the same period. Reported Earnings • Feb 03
Third quarter 2021 earnings released: EPS JP¥0.56 (vs JP¥1.64 loss in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: JP¥1.63b (down 10% from 3Q 2020). Net income: JP¥16.0m (up JP¥57.0m from 3Q 2020). Profit margin: 1.0% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 73% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Ankündigung • Dec 27
Marumitsu Co., Ltd. to Report Q3, 2021 Results on Feb 02, 2021 Marumitsu Co., Ltd. announced that they will report Q3, 2021 results on Feb 02, 2021 Is New 90 Day High Low • Dec 11
New 90-day low: JP¥227 The company is down 32% from its price of JP¥335 on 11 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 Retail Distributors industry, which is flat over the same period. Is New 90 Day High Low • Nov 13
New 90-day low: JP¥241 The company is down 27% from its price of JP¥330 on 14 August 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Retail Distributors industry, which is up 4.0% over the same period. Reported Earnings • Nov 04
Second quarter 2021 earnings released: EPS JP¥0.67 The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥1.57b (up 18% from 2Q 2020). Net income: JP¥19.0m (up JP¥159.0m from 2Q 2020). Profit margin: 1.2% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 91% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Oct 28
New 90-day low: JP¥270 The company is down 16% from its price of JP¥323 on 30 July 2020. The Japanese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Retail Distributors industry, which is up 11% over the same period. Ankündigung • Oct 10
Marumitsu Co., Ltd. to Report Q2, 2021 Results on Nov 02, 2020 Marumitsu Co., Ltd. announced that they will report Q2, 2021 results on Nov 02, 2020