Reported Earnings • May 19
Full year 2026 earnings released: EPS: JP¥9.49 (vs JP¥2.51 in FY 2025) Full year 2026 results: EPS: JP¥9.49 (up from JP¥2.51 in FY 2025). Revenue: JP¥21.2b (flat on FY 2025). Net income: JP¥930.0m (up 266% from FY 2025). Profit margin: 4.4% (up from 1.2% in FY 2025). Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Board Change • May 18
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 Satoru Kusunoki was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Anuncio • May 14
MRK Holdings Inc., Annual General Meeting, Jun 24, 2026 MRK Holdings Inc., Annual General Meeting, Jun 24, 2026. Anuncio • May 07
MRK Holdings Inc. to Report Fiscal Year 2026 Results on May 14, 2026 MRK Holdings Inc. announced that they will report fiscal year 2026 results on May 14, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥1.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 25 June 2026. Payout ratio is a comfortable 7.7% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (1.7%). New Risk • Feb 26
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 9.9% 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 (9.9% average weekly change). Minor Risk Market cap is less than US$100m (JP¥12.1b market cap, or US$77.5m). Valuation Update With 7 Day Price Move • Feb 26
Investor sentiment improves as stock rises 31% After last week's 31% share price gain to JP¥123, the stock trades at a trailing P/E ratio of 9.4x. Average trailing P/E is 16x in the Luxury industry in Japan. Total returns to shareholders of 7.3% over the past three years. Reported Earnings • Feb 14
Third quarter 2026 earnings released: EPS: JP¥5.80 (vs JP¥2.38 loss in 3Q 2025) Third quarter 2026 results: EPS: JP¥5.80 (up from JP¥2.38 loss in 3Q 2025). Revenue: JP¥4.99b (up 3.8% from 3Q 2025). Net income: JP¥568.0m (up JP¥809.0m from 3Q 2025). Profit margin: 11% (up from net loss in 3Q 2025). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 16
Second quarter 2026 earnings released: EPS: JP¥4.05 (vs JP¥2.55 in 2Q 2025) Second quarter 2026 results: EPS: JP¥4.05 (up from JP¥2.55 in 2Q 2025). Revenue: JP¥5.79b (up 4.1% from 2Q 2025). Net income: JP¥399.0m (up 55% from 2Q 2025). Profit margin: 6.9% (up from 4.6% 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 18% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Anuncio • Sep 30
MRK Holdings Inc. to Report Q2, 2026 Results on Nov 13, 2025 MRK Holdings Inc. announced that they will report Q2, 2026 results on Nov 13, 2025 Reported Earnings • Aug 16
First quarter 2026 earnings released: JP¥1.84 loss per share (vs JP¥2.63 loss in 1Q 2025) First quarter 2026 results: JP¥1.84 loss per share (improved from JP¥2.63 loss in 1Q 2025). Revenue: JP¥4.72b (up 5.9% from 1Q 2025). Net loss: JP¥182.0m (loss narrowed 32% from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 27% 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 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥106, the stock trades at a trailing P/E ratio of 41.3x. Average trailing P/E is 13x in the Luxury industry in Japan. Total loss to shareholders of 1.7% over the past three years. New Risk • Jul 09
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 Risk Market cap is less than US$100m (JP¥8.61b market cap, or US$58.6m). Anuncio • Jul 03
MRK Holdings Inc. to Report Q1, 2026 Results on Aug 14, 2025 MRK Holdings Inc. announced that they will report Q1, 2026 results on Aug 14, 2025 Reported Earnings • Jun 27
Full year 2025 earnings released: EPS: JP¥2.51 (vs JP¥2.22 in FY 2024) Full year 2025 results: EPS: JP¥2.51 (up from JP¥2.22 in FY 2024). Revenue: JP¥21.2b (up 8.0% from FY 2024). Net income: JP¥254.0m (up 13% from FY 2024). Profit margin: 1.2% (up from 1.1% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Reported Earnings • May 21
Full year 2025 earnings released: EPS: JP¥2.51 (vs JP¥2.22 in FY 2024) Full year 2025 results: EPS: JP¥2.51 (up from JP¥2.22 in FY 2024). Revenue: JP¥21.2b (up 8.0% from FY 2024). Net income: JP¥254.0m (up 13% from FY 2024). Profit margin: 1.2% (up from 1.1% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Anuncio • May 15
MRK Holdings Inc., Annual General Meeting, Jun 24, 2025 MRK Holdings Inc., Annual General Meeting, Jun 24, 2025. New Risk • Apr 30
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 8.3% 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 (8.3% average weekly change). Market cap is less than US$100m (JP¥10.5b market cap, or US$73.5m). Valuation Update With 7 Day Price Move • Apr 30
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥104, the stock trades at a trailing P/E ratio of 52.6x. Average trailing P/E is 12x in the Luxury industry in Japan. Total loss to shareholders of 6.1% over the past three years. Anuncio • Apr 29
MRK Holdings Inc. to Report Fiscal Year 2025 Results on May 15, 2025 MRK Holdings Inc. announced that they will report fiscal year 2025 results on May 15, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥1.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 27 June 2025. Payout ratio is a comfortable 51% but the company is not cash flow positive. Trailing yield: 1.2%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (1.8%). Anuncio • Mar 05
MRK Holdings Inc. (TSE:9980) announces an Equity Buyback for 6,000,000 shares, representing 5.9% for ¥500 million. MRK Holdings Inc. (TSE:9980) announces a share repurchase program. Under the program, the company will repurchase 6,000,000 shares, representing 5.9% of its share capital, for ¥500 million. The program will run until February 16, 2026. Reported Earnings • Feb 16
Third quarter 2025 earnings released: JP¥2.38 loss per share (vs JP¥1.65 loss in 3Q 2024) Third quarter 2025 results: JP¥2.38 loss per share (further deteriorated from JP¥1.65 loss in 3Q 2024). Revenue: JP¥4.81b (up 5.1% from 3Q 2024). Net loss: JP¥241.0m (loss widened 44% from 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Anuncio • Jan 22
MRK Holdings Inc. to Report Q3, 2025 Results on Feb 14, 2025 MRK Holdings Inc. announced that they will report Q3, 2025 results on Feb 14, 2025 New Risk • Dec 18
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 5.1% 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 (5.1% average weekly change). Market cap is less than US$100m (JP¥8.31b market cap, or US$54.1m). Valuation Update With 7 Day Price Move • Dec 10
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥85.00, the stock trades at a trailing P/E ratio of 31.7x. Average trailing P/E is 16x in the Luxury industry in Japan. Total loss to shareholders of 32% over the past three years. Anuncio • Sep 19
MRK Holdings Inc. to Report Q2, 2025 Results on Nov 14, 2024 MRK Holdings Inc. announced that they will report Q2, 2025 results on Nov 14, 2024 Reported Earnings • Aug 17
First quarter 2025 earnings released: JP¥2.63 loss per share (vs JP¥3.51 loss in 1Q 2024) First quarter 2025 results: JP¥2.63 loss per share (improved from JP¥3.51 loss in 1Q 2024). Revenue: JP¥4.46b (up 11% from 1Q 2024). Net loss: JP¥266.0m (loss narrowed 25% from 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 8% per year. Anuncio • Jul 25
MRK Holdings Inc. to Report Q1, 2025 Results on Aug 14, 2024 MRK Holdings Inc. announced that they will report Q1, 2025 results on Aug 14, 2024 Board Change • Jul 05
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Outside Director Sakurako Shigemitsu was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • May 21
Full year 2024 earnings released: EPS: JP¥2.22 (vs JP¥5.07 in FY 2023) Full year 2024 results: EPS: JP¥2.22 (down from JP¥5.07 in FY 2023). Revenue: JP¥19.6b (flat on FY 2023). Net income: JP¥225.0m (down 56% from FY 2023). Profit margin: 1.1% (down from 2.6% in FY 2023). 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. Anuncio • May 17
MRK Holdings Inc., Annual General Meeting, Jun 26, 2024 MRK Holdings Inc., Annual General Meeting, Jun 26, 2024. Anuncio • May 12
MRK Holdings Inc. to Report Fiscal Year 2024 Results on May 15, 2024 MRK Holdings Inc. announced that they will report fiscal year 2024 results on May 15, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥1.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 0.9%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (1.7%). Reported Earnings • Feb 16
Third quarter 2024 earnings released: JP¥1.65 loss per share (vs JP¥0.48 profit in 3Q 2023) Third quarter 2024 results: JP¥1.65 loss per share (down from JP¥0.48 profit in 3Q 2023). Revenue: JP¥4.57b (up 1.3% from 3Q 2023). Net loss: JP¥167.0m (down 441% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Anuncio • Dec 28
MRK Holdings Inc. to Report Q3, 2024 Results on Feb 13, 2024 MRK Holdings Inc. announced that they will report Q3, 2024 results on Feb 13, 2024 Reported Earnings • Nov 19
Second quarter 2024 earnings released: EPS: JP¥2.96 (vs JP¥4.34 in 2Q 2023) Second quarter 2024 results: EPS: JP¥2.96 (down from JP¥4.34 in 2Q 2023). Revenue: JP¥5.20b (down 6.1% from 2Q 2023). Net income: JP¥300.0m (down 32% from 2Q 2023). Profit margin: 5.8% (down from 7.9% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Anuncio • Nov 11
MRK Holdings Inc. to Report Q2, 2024 Results on Nov 14, 2023 MRK Holdings Inc. announced that they will report Q2, 2024 results on Nov 14, 2023 Reported Earnings • Aug 12
First quarter 2024 earnings released: JP¥3.51 loss per share (vs JP¥1.28 loss in 1Q 2023) First quarter 2024 results: JP¥3.51 loss per share (further deteriorated from JP¥1.28 loss in 1Q 2023). Revenue: JP¥4.03b (down 3.9% from 1Q 2023). Net loss: JP¥355.0m (loss widened 173% from 1Q 2023). Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Reported Earnings • May 17
Full year 2023 earnings released: EPS: JP¥5.07 (vs JP¥4.18 in FY 2022) Full year 2023 results: EPS: JP¥5.07 (up from JP¥4.18 in FY 2022). Revenue: JP¥19.5b (up 4.3% from FY 2022). Net income: JP¥514.0m (up 22% from FY 2022). Profit margin: 2.6% (up from 2.3% 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 113% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥1.00 per share at 0.8% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 29 June 2023. Payout ratio is a comfortable 16% but the company is not cash flow positive. Trailing yield: 0.8%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (1.9%). Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: JP¥0.48 (vs JP¥0.079 loss in 3Q 2022) Third quarter 2023 results: EPS: JP¥0.48 (up from JP¥0.079 loss in 3Q 2022). Revenue: JP¥4.51b (up 2.4% from 3Q 2022). Net income: JP¥49.0m (up JP¥57.0m from 3Q 2022). Profit margin: 1.1% (up from net loss in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Anuncio • Jan 18
MRK Holdings Inc. to Report Q3, 2023 Results on Feb 10, 2023 MRK Holdings Inc. announced that they will report Q3, 2023 results on Feb 10, 2023 Board Change • Nov 16
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. 1 independent director (4 non-independent directors). Part-Time Director Masayuki Kamaya is the most experienced director on the board, commencing their role in 2020. Independent Outside Director Sakurako Shigemitsu was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Reported Earnings • Nov 12
Second quarter 2023 earnings released: EPS: JP¥4.34 (vs JP¥1.88 in 2Q 2022) Second quarter 2023 results: EPS: JP¥4.34 (up from JP¥1.88 in 2Q 2022). Revenue: JP¥5.54b (up 16% from 2Q 2022). Net income: JP¥440.0m (up 132% from 2Q 2022). Profit margin: 7.9% (up from 4.0% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Anuncio • Oct 20
MRK Holdings Inc. to Report Q2, 2023 Results on Nov 10, 2022 MRK Holdings Inc. announced that they will report Q2, 2023 results on Nov 10, 2022 Reported Earnings • Aug 11
First quarter 2023 earnings released: JP¥1.28 loss per share (vs JP¥0.34 loss in 1Q 2022) First quarter 2023 results: JP¥1.28 loss per share (down from JP¥0.34 loss in 1Q 2022). Revenue: JP¥4.20b (down 3.6% from 1Q 2022). Net loss: JP¥130.0m (loss widened 282% from 1Q 2022). Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Anuncio • Aug 06
MRK Holdings Inc. to Report Q1, 2023 Results on Aug 09, 2022 MRK Holdings Inc. announced that they will report Q1, 2023 results on Aug 09, 2022 Reported Earnings • May 16
Full year 2022 earnings released: EPS: JP¥4.18 (vs JP¥1.20 in FY 2021) Full year 2022 results: EPS: JP¥4.18 (up from JP¥1.20 in FY 2021). Revenue: JP¥18.7b (up 2.2% from FY 2021). Net income: JP¥423.0m (up 250% from FY 2021). Profit margin: 2.3% (up from 0.7% in FY 2021). Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Anuncio • May 14
MRK Holdings Inc., Annual General Meeting, Jun 28, 2022 MRK Holdings Inc., Annual General Meeting, Jun 28, 2022. Buying Opportunity • May 07
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 9.6%. The fair value is estimated to be JP¥142, 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. Meanwhile, the company has become profitable. 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. 5 non-independent directors. Independent Outside Director Sakurako Shigemitsu was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Anuncio • Apr 15
MRK Holdings Inc. to Report Fiscal Year 2022 Results on May 12, 2022 MRK Holdings Inc. announced that they will report fiscal year 2022 results on May 12, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥1.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 30 June 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 0.8%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (2.0%). Reported Earnings • Feb 12
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: JP¥0.079 loss per share (down from JP¥0.76 profit in 3Q 2021). Revenue: JP¥4.41b (down 1.0% from 3Q 2021). Net loss: JP¥8.00m (down 110% 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 fallen by 10% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 19
Second quarter 2022 earnings released: EPS JP¥1.88 (vs JP¥3.00 in 2Q 2021) The company reported a poor second quarter result with weaker earnings and profit margins, although revenues were flat. Second quarter 2022 results: Revenue: JP¥4.79b (flat on 2Q 2021). Net income: JP¥190.0m (down 38% from 2Q 2021). Profit margin: 4.0% (down from 6.3% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Reported Earnings • May 17
Full year 2021 earnings released: EPS JP¥1.20 (vs JP¥7.85 loss 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¥18.3b (down 3.1% from FY 2020). Net income: JP¥121.0m (up JP¥916.0m from FY 2020). Profit margin: 0.7% (up from net loss in FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 48 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Feb 24
New 90-day high: JP¥163 The company is up 23% from its price of JP¥132 on 26 November 2020. The Japanese market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 5.0% over the same period. Reported Earnings • Feb 12
Third quarter 2021 earnings released: EPS JP¥0.76 (vs JP¥0.75 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¥4.45b (up 4.4% from 3Q 2020). Net income: JP¥77.0m (up JP¥153.0m from 3Q 2020). Profit margin: 1.7% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 94% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Jan 26
New 90-day high: JP¥139 The company is up 5.0% from its price of JP¥133 on 28 October 2020. The Japanese market is up 15% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Luxury industry, which is flat over the same period. Anuncio • Jan 12
MRK Holdings Inc. to Report Q3, 2021 Results on Feb 10, 2021 MRK Holdings Inc. announced that they will report Q3, 2021 results on Feb 10, 2021 Is New 90 Day High Low • Dec 17
New 90-day low: JP¥128 The company is down 12% from its price of JP¥146 on 18 September 2020. The Japanese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 3.0% over the same period. Anuncio • Aug 09
MRK Holdings Inc. to Report Q1, 2021 Results on Aug 11, 2020 MRK Holdings Inc. announced that they will report Q1, 2021 results on Aug 11, 2020 