Reported Earnings • May 19
First quarter 2026 earnings released: EPS: JP¥26.62 (vs JP¥0.34 loss in 1Q 2025) First quarter 2026 results: EPS: JP¥26.62 (up from JP¥0.34 loss in 1Q 2025). Revenue: JP¥4.16b (down 4.6% from 1Q 2025). Net income: JP¥235.0m (up JP¥238.0m from 1Q 2025). Profit margin: 5.6% (up from net loss in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Annonce • Mar 27
Toabo Corporation (TSE:3204) announces an Equity Buyback for 200,000 shares, representing 2.27% for ¥120 million. Toabo Corporation (TSE:3204) announces a share repurchase program. Under the program, the company will repurchase 200,000 shares, representing 2.27% of the outstanding shares for ¥120 million. The purpose of the program is to execute a flexible capital policy in response to changes in the business environment, and to allocate shares for use in the Restricted Stock Compensation Plan. The program will run until June 30, 2026. As of December 31, 2025, the company had 8,827,484 shares outstanding and 112,964 shares in treasury. Reported Earnings • Feb 16
Full year 2025 earnings released: EPS: JP¥74.47 (vs JP¥90.71 in FY 2024) Full year 2025 results: EPS: JP¥74.47 (down from JP¥90.71 in FY 2024). Revenue: JP¥17.5b (down 5.1% from FY 2024). Net income: JP¥656.0m (down 18% from FY 2024). Profit margin: 3.8% (down from 4.3% in FY 2024). Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Annonce • Feb 13
Toabo Corporation, Annual General Meeting, Mar 27, 2026 Toabo Corporation, Annual General Meeting, Mar 27, 2026. Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥549, the stock trades at a trailing P/E ratio of 6.1x. Average trailing P/E is 15x in the Luxury industry in Japan. Total returns to shareholders of 71% over the past three years. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥14.00 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 31 March 2026. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%). Annonce • Dec 03
Toabo Corporation to Report Fiscal Year 2025 Results on Feb 13, 2026 Toabo Corporation announced that they will report fiscal year 2025 results on Feb 13, 2026 Reported Earnings • Nov 17
Third quarter 2025 earnings released: EPS: JP¥11.10 (vs JP¥10.15 in 3Q 2024) Third quarter 2025 results: EPS: JP¥11.10 (up from JP¥10.15 in 3Q 2024). Revenue: JP¥4.18b (down 10% from 3Q 2024). Net income: JP¥98.0m (up 10% from 3Q 2024). Profit margin: 2.3% (up from 1.9% in 3Q 2024). 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 11% per year, which means it is significantly lagging earnings growth. New Risk • Nov 17
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 26% 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: Major Risk Debt is not well covered by operating cash flow (15% operating cash flow to total debt). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Market cap is less than US$100m (JP¥4.33b market cap, or US$27.9m). Annonce • Sep 01
Toabo Corporation to Report Q3, 2025 Results on Nov 13, 2025 Toabo Corporation announced that they will report Q3, 2025 results on Nov 13, 2025 Reported Earnings • Aug 10
Second quarter 2025 earnings released: EPS: JP¥28.82 (vs JP¥16.38 in 2Q 2024) Second quarter 2025 results: EPS: JP¥28.82 (up from JP¥16.38 in 2Q 2024). Revenue: JP¥4.41b (flat on 2Q 2024). Net income: JP¥254.0m (up 76% from 2Q 2024). Profit margin: 5.8% (up from 3.3% in 2Q 2024). 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 3% per year, which means it is significantly lagging earnings growth. Annonce • Jun 03
Toabo Corporation to Report Q2, 2025 Results on Aug 08, 2025 Toabo Corporation announced that they will report Q2, 2025 results on Aug 08, 2025 Reported Earnings • May 19
First quarter 2025 earnings released: JP¥0.34 loss per share (vs JP¥13.02 profit in 1Q 2024) First quarter 2025 results: JP¥0.34 loss per share (down from JP¥13.02 profit in 1Q 2024). Revenue: JP¥4.37b (flat on 1Q 2024). Net loss: JP¥3.00m (down 103% from profit in 1Q 2024). 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 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 05
Full year 2024 earnings released: EPS: JP¥90.71 (vs JP¥64.26 in FY 2023) Full year 2024 results: EPS: JP¥90.71 (up from JP¥64.26 in FY 2023). Revenue: JP¥18.4b (down 3.3% from FY 2023). Net income: JP¥799.0m (up 39% from FY 2023). Profit margin: 4.3% (up from 3.0% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Annonce • Mar 08
Toabo Corporation to Report Q1, 2025 Results on May 14, 2025 Toabo Corporation announced that they will report Q1, 2025 results on May 14, 2025 Reported Earnings • Feb 15
Full year 2024 earnings released: EPS: JP¥90.71 (vs JP¥64.26 in FY 2023) Full year 2024 results: EPS: JP¥90.71 (up from JP¥64.26 in FY 2023). Revenue: JP¥18.4b (down 3.3% from FY 2023). Net income: JP¥799.0m (up 39% from FY 2023). Profit margin: 4.3% (up from 3.0% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Annonce • Feb 13
Toabo Corporation, Annual General Meeting, Mar 28, 2025 Toabo Corporation, Annual General Meeting, Mar 28, 2025. Upcoming Dividend • Dec 20
Upcoming dividend of JP¥13.00 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 31 March 2025. Payout ratio is a comfortable 17% but the company is not cash flow positive. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.6%). Annonce • Dec 07
Toabo Corporation to Report Fiscal Year 2024 Results on Feb 13, 2025 Toabo Corporation announced that they will report fiscal year 2024 results on Feb 13, 2025 Annonce • Aug 27
Toabo Corporation to Report Q3, 2024 Results on Nov 13, 2024 Toabo Corporation announced that they will report Q3, 2024 results on Nov 13, 2024 Annonce • Jun 02
Toabo Corporation to Report Q2, 2024 Results on Aug 09, 2024 Toabo Corporation announced that they will report Q2, 2024 results on Aug 09, 2024 Reported Earnings • May 17
First quarter 2024 earnings released: EPS: JP¥13.02 (vs JP¥11.55 in 1Q 2023) First quarter 2024 results: EPS: JP¥13.02 (up from JP¥11.55 in 1Q 2023). Revenue: JP¥4.35b (down 4.3% from 1Q 2023). Net income: JP¥116.0m (up 13% from 1Q 2023). Profit margin: 2.7% (up from 2.3% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 17
Full year 2023 earnings released: EPS: JP¥64.25 (vs JP¥30.16 in FY 2022) Full year 2023 results: EPS: JP¥64.25 (up from JP¥30.16 in FY 2022). Revenue: JP¥19.0b (up 12% from FY 2022). Net income: JP¥573.0m (up 113% from FY 2022). Profit margin: 3.0% (up from 1.6% in FY 2022). Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Annonce • Feb 16
Toabo Corporation, Annual General Meeting, Mar 28, 2024 Toabo Corporation, Annual General Meeting, Mar 28, 2024. Annonce • Feb 15
Toabo Corporation (TSE:3204) announces an Equity Buyback for 200,000 shares, representing 2.24% for ¥100 million. Toabo Corporation (TSE:3204) announces a share repurchase program. Under the program, the company will repurchase up to 200,000 shares, representing 2.24% of its issued share capital, for ¥ 100 million. The purpose of the program is to carry out flexible capital policy in response to changes in the business environment, and to carry out exchanges under the restricted stock compensation system. The program is valid till June 30, 2024. As of December 31, 2023, the company had 8,917,801 shares (excluding treasury stock) and 22,647 shares in treasury. Upcoming Dividend • Dec 21
Upcoming dividend of JP¥12.00 per share at 2.7% yield Eligible shareholders must have bought the stock before 28 December 2023. Payment date: 31 March 2024. Payout ratio is a comfortable 27% but the company is not cash flow positive. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.9%). Annonce • Dec 05
Toabo Corporation to Report Fiscal Year 2023 Results on Feb 14, 2024 Toabo Corporation announced that they will report fiscal year 2023 results on Feb 14, 2024 Reported Earnings • Nov 12
Third quarter 2023 earnings released: EPS: JP¥9.64 (vs JP¥10.88 in 3Q 2022) Third quarter 2023 results: EPS: JP¥9.64 (down from JP¥10.88 in 3Q 2022). Revenue: JP¥4.47b (up 1.2% from 3Q 2022). Net income: JP¥86.0m (down 11% from 3Q 2022). Profit margin: 1.9% (down from 2.2% 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 21% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Annonce • Sep 01
Toabo Corporation to Report Q3, 2023 Results on Nov 10, 2023 Toabo Corporation announced that they will report Q3, 2023 results on Nov 10, 2023 Reported Earnings • Aug 14
Second quarter 2023 earnings released: EPS: JP¥13.01 (vs JP¥8.86 in 2Q 2022) Second quarter 2023 results: EPS: JP¥13.01 (up from JP¥8.86 in 2Q 2022). Revenue: JP¥4.89b (up 16% from 2Q 2022). Net income: JP¥116.0m (up 47% from 2Q 2022). Profit margin: 2.4% (up from 1.9% 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 19% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Annonce • May 28
Toabo Corporation to Report Q2, 2023 Results on Aug 10, 2023 Toabo Corporation announced that they will report Q2, 2023 results on Aug 10, 2023 Reported Earnings • May 14
First quarter 2023 earnings released: EPS: JP¥11.55 (vs JP¥3.93 in 1Q 2022) First quarter 2023 results: EPS: JP¥11.55 (up from JP¥3.93 in 1Q 2022). Revenue: JP¥4.55b (up 15% from 1Q 2022). Net income: JP¥103.0m (up 194% from 1Q 2022). Profit margin: 2.3% (up from 0.9% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 18
Full year 2022 earnings released: EPS: JP¥30.16 (vs JP¥28.93 in FY 2021) Full year 2022 results: EPS: JP¥30.16 (up from JP¥28.93 in FY 2021). Revenue: JP¥17.0b (up 9.5% from FY 2021). Net income: JP¥269.0m (up 4.3% from FY 2021). Profit margin: 1.6% (down from 1.7% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Annonce • Feb 18
Toabo Corporation, Annual General Meeting, Mar 30, 2023 Toabo Corporation, Annual General Meeting, Mar 30, 2023. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥11.00 per share Eligible shareholders must have bought the stock before 29 December 2022. Payment date: 31 March 2023. Payout ratio is a comfortable 38% but the company is not cash flow positive. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.0%). Annonce • Dec 21
Toabo Corporation (TSE:3204) intends to acquire Musashino Pharmaceutical Co., Ltd from Hiroshi Sugawara, Yuzen Taki, Takeshi Saito, other directors and auditors and Individual shareholders Toabo Corporation (TSE:3204) intends to acquire Musashino Pharmaceutical Co., Ltd from Hiroshi Sugawara, Yuzen Taki, Takeshi Saito, other directors and auditors and Individual shareholders on December 20, 2022. The agreement is expected to be made on December 21, 2022. Before the transaction, Hiroshi Sugawara owns 23.59% in Musashino Pharmaceutical, Yuzen Taki owns 23.59%, Takeshi Saito owns 23.59%, other directors and auditors pwn 6.7% and Individual shareholders own 22.53%. As of December 20, 2022, the board of directors of Toabo Corporation approved the transaction. The transaction is expected to complete on February 1, 2023. Annonce • Dec 06
Toabo Corporation to Report Fiscal Year 2022 Results on Feb 15, 2023 Toabo Corporation announced that they will report fiscal year 2022 results on Feb 15, 2023 Board Change • Nov 16
No independent directors 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. 5 highly experienced directors. No independent directors (7 non-independent directors). External Director Kiyonobu Sakashita was the last 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: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Nov 13
Third quarter 2022 earnings released: EPS: JP¥10.88 (vs JP¥3.36 in 3Q 2021) Third quarter 2022 results: EPS: JP¥10.88 (up from JP¥3.36 in 3Q 2021). Revenue: JP¥4.42b (up 12% from 3Q 2021). Net income: JP¥97.0m (up 223% from 3Q 2021). Profit margin: 2.2% (up from 0.8% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Annonce • Aug 31
Toabo Corporation to Report Q3, 2022 Results on Nov 10, 2022 Toabo Corporation announced that they will report Q3, 2022 results on Nov 10, 2022 Reported Earnings • Aug 12
Second quarter 2022 earnings released: EPS: JP¥8.86 (vs JP¥9.76 in 2Q 2021) Second quarter 2022 results: EPS: JP¥8.86 (down from JP¥9.76 in 2Q 2021). Revenue: JP¥4.21b (up 7.8% from 2Q 2021). Net income: JP¥79.0m (down 9.2% from 2Q 2021). Profit margin: 1.9% (down from 2.2% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Annonce • May 29
Toabo Corporation to Report Q2, 2022 Results on Aug 10, 2022 Toabo Corporation announced that they will report Q2, 2022 results on Aug 10, 2022 Reported Earnings • May 13
First quarter 2022 earnings released: EPS: JP¥3.93 (vs JP¥2.69 in 1Q 2021) First quarter 2022 results: EPS: JP¥3.93 (up from JP¥2.69 in 1Q 2021). Revenue: JP¥3.97b (up 14% from 1Q 2021). Net income: JP¥35.0m (up 46% from 1Q 2021). Profit margin: 0.9% (up from 0.7% in 1Q 2021). The increase in margin was driven by higher revenue. 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 4% per year, which means it is significantly lagging earnings. Board Change • Apr 27
No independent directors 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. 5 highly experienced directors. No independent directors (7 non-independent directors). External Director Kiyonobu Sakashita was the last 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: Lack of independent directors. Insufficient board refreshment. Annonce • Apr 08
Toabo Corporation to Report Q1, 2022 Results on May 11, 2022 Toabo Corporation announced that they will report Q1, 2022 results on May 11, 2022 Reported Earnings • Feb 18
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: JP¥28.93 (up from JP¥20.63 in FY 2020). Revenue: JP¥15.5b (up 5.3% from FY 2020). Net income: JP¥258.0m (up 40% from FY 2020). Profit margin: 1.7% (up from 1.2% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. 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 3% per year, which means it is significantly lagging earnings. Annonce • Feb 16
Toabo Corporation, Annual General Meeting, Mar 30, 2022 Toabo Corporation, Annual General Meeting, Mar 30, 2022. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 31 March 2022. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.8%). Reported Earnings • Nov 11
Third quarter 2021 earnings released: EPS JP¥3.36 (vs JP¥1.57 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¥3.93b (up 16% from 3Q 2020). Net income: JP¥30.0m (up JP¥44.0m from 3Q 2020). Profit margin: 0.8% (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 increased by 1% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 13
Second quarter 2021 earnings released: EPS JP¥9.75 (vs JP¥15.59 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: JP¥3.90b (up 7.2% from 2Q 2020). Net income: JP¥87.0m (down 37% from 2Q 2020). Profit margin: 2.2% (down from 3.8% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Reported Earnings • May 15
First quarter 2021 earnings released: EPS JP¥2.69 (vs JP¥4.15 loss in 1Q 2020) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: JP¥3.47b (down 5.5% from 1Q 2020). Net income: JP¥24.0m (up JP¥61.0m from 1Q 2020). Profit margin: 0.7% (up from net loss in 1Q 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 06
Full year 2020 earnings released: EPS JP¥20.63 (vs JP¥18.50 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: JP¥14.8b (down 21% from FY 2019). Net income: JP¥184.0m (up 12% from FY 2019). Profit margin: 1.2% (up from 0.9% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 6% per year. Annonce • Feb 28
Toabo Corporation to Report Q1, 2021 Results on May 11, 2021 Toabo Corporation announced that they will report Q1, 2021 results on May 11, 2021 Reported Earnings • Feb 17
Full year 2020 earnings released: EPS JP¥20.63 (vs JP¥18.50 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: JP¥14.8b (down 21% from FY 2019). Net income: JP¥184.0m (up 12% from FY 2019). Profit margin: 1.2% (up from 0.9% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 7% per year. Annonce • Feb 17
Toabo Corporation, Annual General Meeting, Mar 30, 2021 Toabo Corporation, Annual General Meeting, Mar 30, 2021. Upcoming Dividend • Dec 22
Upcoming Dividend of JP¥10.00 Per Share Will be paid on the 30th of March to those who are registered shareholders by the 29th of December. The trailing yield of 2.1% is below the top quartile of Japanese dividend payers (3.0%), but is in line with industry peers (2.1%). Annonce • Dec 05
Toabo Corporation to Report Fiscal Year 2020 Results on Feb 15, 2021 Toabo Corporation announced that they will report fiscal year 2020 results on Feb 15, 2021 Annonce • Aug 09
Toabo Corporation to Report Q3, 2020 Results on Nov 10, 2020 Toabo Corporation announced that they will report Q3, 2020 results on Nov 10, 2020