New Risk • Jun 12
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: 3.0% Last year net profit margin: 4.6% 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 Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (3.0% net profit margin). Market cap is less than US$100m (JP¥8.22b market cap, or US$51.3m). Reported Earnings • Jun 12
First quarter 2027 earnings released: EPS: JP¥14.20 (vs JP¥45.47 in 1Q 2026) First quarter 2027 results: EPS: JP¥14.20 (down from JP¥45.47 in 1Q 2026). Revenue: JP¥5.52b (down 2.0% from 1Q 2026). Net income: JP¥142.0m (down 69% from 1Q 2026). Profit margin: 2.6% (down from 8.0% in 1Q 2026). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 10% per year, which means it is performing significantly worse than earnings. Reported Earnings • Mar 13
Full year 2026 earnings released: EPS: JP¥95.54 (vs JP¥77.16 in FY 2025) Full year 2026 results: EPS: JP¥95.54 (up from JP¥77.16 in FY 2025). Revenue: JP¥21.8b (up 4.4% from FY 2025). Net income: JP¥954.0m (up 24% from FY 2025). Profit margin: 4.4% (up from 3.7% in FY 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 3% per year. Anuncio • Mar 12
IMURA & Co.,Ltd., Annual General Meeting, Apr 28, 2026 IMURA & Co.,Ltd., Annual General Meeting, Apr 28, 2026. Upcoming Dividend • Jan 22
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 29 January 2026. Payment date: 27 April 2026. Payout ratio is a comfortable 30% but the company is not cash flow positive. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (2.0%). Anuncio • Dec 30
IMURA & Co.,Ltd. to Report Fiscal Year 2026 Results on Mar 12, 2026 IMURA & Co.,Ltd. announced that they will report fiscal year 2026 results on Mar 12, 2026 New Risk • Dec 16
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 20% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Market cap is less than US$100m (JP¥10.0b market cap, or US$64.9m). Reported Earnings • Dec 16
Third quarter 2026 earnings released: JP¥8.40 loss per share (vs JP¥1.00 profit in 3Q 2025) Third quarter 2026 results: JP¥8.40 loss per share (down from JP¥1.00 profit in 3Q 2025). Revenue: JP¥4.76b (down 7.3% from 3Q 2025). Net loss: JP¥84.0m (down JP¥94.0m from profit in 3Q 2025). Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 6% per year. Anuncio • Sep 27
IMURA & Co.,Ltd. to Report Q3, 2026 Results on Dec 11, 2025 IMURA & Co.,Ltd. announced that they will report Q3, 2026 results on Dec 11, 2025 Reported Earnings • Sep 12
Second quarter 2026 earnings released: EPS: JP¥61.97 (vs JP¥50.03 in 2Q 2025) Second quarter 2026 results: EPS: JP¥61.97 (up from JP¥50.03 in 2Q 2025). Revenue: JP¥6.09b (up 10% from 2Q 2025). Net income: JP¥619.0m (up 24% from 2Q 2025). Profit margin: 10% (up from 9.1% in 2Q 2025). The increase in margin was driven by higher revenue. 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 6% per year, which means it is well ahead of earnings. Anuncio • Jul 02
IMURA & Co.,Ltd. to Report Q2, 2026 Results on Sep 11, 2025 IMURA & Co.,Ltd. announced that they will report Q2, 2026 results on Sep 11, 2025 Reported Earnings • Jun 12
First quarter 2026 earnings released: EPS: JP¥45.47 (vs JP¥24.92 in 1Q 2025) First quarter 2026 results: EPS: JP¥45.47 (up from JP¥24.92 in 1Q 2025). Revenue: JP¥5.64b (up 8.7% from 1Q 2025). Net income: JP¥453.0m (up 81% from 1Q 2025). Profit margin: 8.0% (up from 4.8% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Anuncio • Apr 01
IMURA & Co.,Ltd. to Report Q1, 2026 Results on Jun 11, 2025 IMURA & Co.,Ltd. announced that they will report Q1, 2026 results on Jun 11, 2025 Reported Earnings • Mar 14
Full year 2025 earnings released: EPS: JP¥77.16 (vs JP¥94.79 in FY 2024) Full year 2025 results: EPS: JP¥77.16 (down from JP¥94.79 in FY 2024). Revenue: JP¥20.9b (flat on FY 2024). Net income: JP¥771.0m (down 19% from FY 2024). Profit margin: 3.7% (down from 4.6% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Anuncio • Mar 13
IMURA & Co.,Ltd., Annual General Meeting, Apr 24, 2025 IMURA & Co.,Ltd., Annual General Meeting, Apr 24, 2025. Upcoming Dividend • Jan 23
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 30 January 2025. Payment date: 28 April 2025. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.1%). Anuncio • Jan 17
IMURA & Co.,Ltd. to Report Fiscal Year 2025 Results on Mar 13, 2025 IMURA & Co.,Ltd. announced that they will report fiscal year 2025 results on Mar 13, 2025 Reported Earnings • Dec 13
Third quarter 2025 earnings released: EPS: JP¥1.00 (vs JP¥10.17 in 3Q 2024) Third quarter 2025 results: EPS: JP¥1.00 (down from JP¥10.17 in 3Q 2024). Revenue: JP¥5.13b (up 2.6% from 3Q 2024). Net income: JP¥10.0m (down 90% from 3Q 2024). Profit margin: 0.2% (down from 2.0% in 3Q 2024). 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 10% per year, which means it is well ahead of earnings. Reported Earnings • Sep 17
Second quarter 2025 earnings released: EPS: JP¥50.03 (vs JP¥45.50 in 2Q 2024) Second quarter 2025 results: EPS: JP¥50.03 (up from JP¥45.50 in 2Q 2024). Revenue: JP¥5.52b (flat on 2Q 2024). Net income: JP¥501.0m (up 9.9% from 2Q 2024). Profit margin: 9.1% (up from 8.3% in 2Q 2024). 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 5% per year. Reported Earnings • Jun 16
First quarter 2025 earnings released: EPS: JP¥24.92 (vs JP¥26.59 in 1Q 2024) First quarter 2025 results: EPS: JP¥24.92 (down from JP¥26.59 in 1Q 2024). Revenue: JP¥5.19b (down 6.0% from 1Q 2024). Net income: JP¥250.0m (down 6.0% from 1Q 2024). Profit margin: 4.8% (in line with 1Q 2024). 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 1% per year, which means it is significantly lagging earnings. Anuncio • Jun 13
IMURA & Co.,Ltd. (TSE:3955) announces an Equity Buyback for 150,000 shares, representing 1.5% for ¥160 million. Imura Envelope Co., Inc. (TSE:3955) announces a share repurchase program. Under the program, the company will repurchase 150,000 shares, representing 1% of its share capital, for ¥160 million. The company will repurchase its shares in order to implement a flexible capital policy that responds to changes in the business environment, as well as to improve capital efficiency and enhance shareholder returns. The program will run until June 12, 2025. As of May 31, 2024, the company had 10,031,617 shares outstanding (excluding treasury shares) and 697,753 shares in treasury. Anuncio • Mar 29
Oji Management Office K.K. and IMURA & Co.,Ltd. (TSE:3955) agreed to acquire 80% stake in Songlam Trading And Packaging Production Company Limited. Oji Management Office K.K. and IMURA & Co.,Ltd. (TSE:3955) agreed to acquire 80% stake in Songlam Trading And Packaging Production Company Limited on March 22, 2024. Reported Earnings • Mar 17
Full year 2024 earnings released: EPS: JP¥94.79 (vs JP¥102 in FY 2023) Full year 2024 results: EPS: JP¥94.79 (down from JP¥102 in FY 2023). Revenue: JP¥20.9b (down 4.0% from FY 2023). Net income: JP¥950.0m (down 6.5% from FY 2023). Profit margin: 4.6% (down from 4.7% in FY 2023). 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 only increased by 4% per year, which means it is significantly lagging earnings growth. Anuncio • Mar 16
IMURA & Co.,Ltd., Annual General Meeting, Apr 25, 2024 IMURA & Co.,Ltd., Annual General Meeting, Apr 25, 2024. Upcoming Dividend • Jan 23
Upcoming dividend of JP¥35.00 per share at 2.8% yield Eligible shareholders must have bought the stock before 30 January 2024. Payment date: 24 April 2024. Payout ratio is a comfortable 30% but the company is paying out more than the cash it is generating. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.8%). Anuncio • Dec 31
IMURA & Co.,Ltd. to Report Fiscal Year 2024 Results on Mar 14, 2024 IMURA & Co.,Ltd. announced that they will report fiscal year 2024 results on Mar 14, 2024 Reported Earnings • Dec 15
Third quarter 2024 earnings released: EPS: JP¥10.17 (vs JP¥9.10 in 3Q 2023) Third quarter 2024 results: EPS: JP¥10.17 (up from JP¥9.10 in 3Q 2023). Revenue: JP¥5.00b (down 4.5% from 3Q 2023). Net income: JP¥102.0m (up 12% from 3Q 2023). Profit margin: 2.0% (up from 1.7% in 3Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 13% per year and the company’s share price has also increased by 13% per year. Reported Earnings • Sep 17
Second quarter 2024 earnings released: EPS: JP¥45.50 (vs JP¥45.17 in 2Q 2023) Second quarter 2024 results: EPS: JP¥45.50 (up from JP¥45.17 in 2Q 2023). Revenue: JP¥5.50b (down 4.1% from 2Q 2023). Net income: JP¥456.0m (flat on 2Q 2023). Profit margin: 8.3% (up from 7.9% 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 15% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Anuncio • Jul 06
IMURA & Co.,Ltd. to Report Q3, 2024 Results on Dec 12, 2023 IMURA & Co.,Ltd. announced that they will report Q3, 2024 results on Dec 12, 2023 Anuncio • Jun 21
IMURA & Co.,Ltd. to Report Q2, 2024 Results on Sep 14, 2023 IMURA & Co.,Ltd. announced that they will report Q2, 2024 results on Sep 14, 2023 Reported Earnings • Jun 16
First quarter 2024 earnings released: EPS: JP¥26.59 (vs JP¥30.64 in 1Q 2023) First quarter 2024 results: EPS: JP¥26.59 (down from JP¥30.64 in 1Q 2023). Revenue: JP¥5.52b (flat on 1Q 2023). Net income: JP¥266.0m (down 13% from 1Q 2023). Profit margin: 4.8% (down from 5.6% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 18% per year and the company’s share price has also increased by 18% per year. Reported Earnings • Mar 15
Full year 2023 earnings released: EPS: JP¥102 (vs JP¥99.05 in FY 2022) Full year 2023 results: EPS: JP¥102 (up from JP¥99.05 in FY 2022). Revenue: JP¥21.7b (up 7.4% from FY 2022). Net income: JP¥1.02b (up 2.2% from FY 2022). Profit margin: 4.7% (down from 4.9% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 22% per year and the company’s share price has also increased by 22% per year. Anuncio • Feb 18
IMURA & Co.,Ltd. to Report Fiscal Year 2023 Results on Mar 14, 2023 IMURA & Co.,Ltd. announced that they will report fiscal year 2023 results on Mar 14, 2023 Upcoming Dividend • Jan 23
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 30 January 2023. Payment date: 24 April 2023. Payout ratio is a comfortable 34% and the cash payout ratio is 99%. Trailing yield: 3.4%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.4%). Reported Earnings • Dec 15
Third quarter 2023 earnings released: EPS: JP¥9.10 (vs JP¥25.03 in 3Q 2022) Third quarter 2023 results: EPS: JP¥9.10 (down from JP¥25.03 in 3Q 2022). Revenue: JP¥5.24b (up 14% from 3Q 2022). Net income: JP¥91.0m (down 64% from 3Q 2022). Profit margin: 1.7% (down from 5.5% 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 24% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 7 highly experienced directors. 1 independent director (9 non-independent directors). Independent External Director Takashi Shirata was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Anuncio • Oct 02
Imura Envelope Co., Inc. to Report Q3, 2023 Results on Dec 13, 2022 Imura Envelope Co., Inc. announced that they will report Q3, 2023 results on Dec 13, 2022 Reported Earnings • Sep 15
Second quarter 2023 earnings released: EPS: JP¥45.17 (vs JP¥40.40 in 2Q 2022) Second quarter 2023 results: EPS: JP¥45.17 (up from JP¥40.40 in 2Q 2022). Revenue: JP¥5.74b (up 8.9% from 2Q 2022). Net income: JP¥452.0m (up 12% from 2Q 2022). Profit margin: 7.9% (up from 7.7% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Anuncio • Jun 22
Imura Envelope Co., Inc. to Report Q2, 2023 Results on Sep 13, 2022 Imura Envelope Co., Inc. announced that they will report Q2, 2023 results on Sep 13, 2022 Reported Earnings • Jun 11
First quarter 2023 earnings released: EPS: JP¥30.64 (vs JP¥31.40 in 1Q 2022) First quarter 2023 results: EPS: JP¥30.64 (down from JP¥31.40 in 1Q 2022). Revenue: JP¥5.52b (up 1.5% from 1Q 2022). Net income: JP¥307.0m (down 2.8% from 1Q 2022). Profit margin: 5.6% (down from 5.8% 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 33% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 7 highly experienced directors. 1 independent director (9 non-independent directors). Independent External Director Takashi Shirata was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Anuncio • Apr 08
Imura Envelope Co., Inc. to Report Q1, 2023 Results on Jun 09, 2022 Imura Envelope Co., Inc. announced that they will report Q1, 2023 results on Jun 09, 2022 Anuncio • Apr 07
Imura Envelope Co., Inc., Annual General Meeting, Apr 21, 2022 Imura Envelope Co., Inc., Annual General Meeting, Apr 21, 2022. Reported Earnings • Mar 15
Full year 2022 earnings: Revenues and EPS in line with analyst expectations Full year 2022 results: EPS: JP¥99.05 (up from JP¥65.17 in FY 2021). Revenue: JP¥20.2b (down 4.7% from FY 2021). Net income: JP¥994.0m (up 51% from FY 2021). Profit margin: 4.9% (up from 3.1% in FY 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 37% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jan 21
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 28 January 2022. Payment date: 25 April 2022. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.4%). In line with average of industry peers (2.1%). Reported Earnings • Sep 11
Second quarter 2022 earnings released: EPS JP¥40.40 (vs JP¥38.58 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¥5.27b (down 7.5% from 2Q 2021). Net income: JP¥405.0m (up 3.6% from 2Q 2021). Profit margin: 7.7% (up from 6.9% 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 37% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 10
Investor sentiment improved over the past week After last week's 16% share price gain to JP¥1,020, the stock trades at a trailing P/E ratio of 14.4x. Average trailing P/E is 15x in the Commercial Services industry in Japan. Total returns to shareholders of 101% over the past three years. Reported Earnings • Jun 13
First quarter 2022 earnings released: EPS JP¥31.40 (vs JP¥25.60 in 1Q 2021) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2022 results: Revenue: JP¥5.44b (down 8.8% from 1Q 2021). Net income: JP¥316.0m (up 22% from 1Q 2021). Profit margin: 5.8% (up from 4.3% in 1Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 29
Full year 2021 earnings released: EPS JP¥65.17 (vs JP¥48.77 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥21.2b (down 9.3% from FY 2020). Net income: JP¥660.0m (up 32% from FY 2020). Profit margin: 3.1% (up from 2.1% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Anuncio • Mar 17
Imura Envelope Co., Inc., Annual General Meeting, Apr 22, 2021 Imura Envelope Co., Inc., Annual General Meeting, Apr 22, 2021. Reported Earnings • Mar 16
Full year 2021 earnings released: EPS JP¥65.17 (vs JP¥48.77 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥21.2b (down 9.3% from FY 2020). Net income: JP¥660.0m (up 32% from FY 2020). Profit margin: 3.1% (up from 2.1% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jan 21
Upcoming Dividend of JP¥20.00 Per Share Will be paid on the 24th of April to those who are registered shareholders by the 28th of January. The trailing yield of 1.6% is below the top quartile of Japanese dividend payers (3.0%), and is lower than industry peers (2.0%). Anuncio • Jan 08
Imura Envelope Co., Inc. to Report Fiscal Year 2021 Results on Mar 15, 2021 Imura Envelope Co., Inc. announced that they will report fiscal year 2021 results on Mar 15, 2021 Is New 90 Day High Low • Jan 08
New 90-day high: JP¥923 The company is up 3.0% from its price of JP¥893 on 09 October 2020. The Japanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Commercial Services industry, which is up 2.0% over the same period. Anuncio • Oct 04
Imura Envelope Co., Inc. to Report Q3, 2021 Results on Dec 10, 2020 Imura Envelope Co., Inc. announced that they will report Q3, 2021 results on Dec 10, 2020 Anuncio • Jul 17
Imura Envelope Co., Inc. to Report Q2, 2021 Results on Sep 10, 2020 Imura Envelope Co., Inc. announced that they will report Q2, 2021 results on Sep 10, 2020 