Buy Or Sell Opportunity • Apr 13
Now 23% overvalued The stock has been flat over the last 90 days, currently trading at JP¥1,878. The fair value is estimated to be JP¥1,523, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 10%. Revenue is forecast to grow by 0.6% in 2 years. Earnings are forecast to grow by 17% in the next 2 years. Reported Earnings • Apr 11
Full year 2026 earnings: EPS and revenues exceed analyst expectations Full year 2026 results: EPS: JP¥83.46 (up from JP¥64.16 in FY 2025). Revenue: JP¥70.0b (up 52% from FY 2025). Net income: JP¥1.79b (up 30% from FY 2025). Profit margin: 2.6% (down from 3.0% in FY 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) also surpassed analyst estimates by 28%. Revenue is forecast to stay flat during the next 2 years compared to a 8.3% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Annonce • Apr 11
Yondoshi Holdings Inc., Annual General Meeting, May 28, 2026 Yondoshi Holdings Inc., Annual General Meeting, May 28, 2026. Annonce • Apr 03
Yondoshi Holdings Inc. to Report Fiscal Year 2026 Results on Apr 10, 2026 Yondoshi Holdings Inc. announced that they will report fiscal year 2026 results on Apr 10, 2026 Upcoming Dividend • Feb 19
Upcoming dividend of JP¥41.50 per share Eligible shareholders must have bought the stock before 26 February 2026. Payment date: 01 June 2026. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 4.4%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.6%). New Risk • Jan 10
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: 2.4% Last year net profit margin: 3.5% 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 (2.4% net profit margin). Reported Earnings • Jan 10
Third quarter 2026 earnings released: EPS: JP¥21.65 (vs JP¥15.70 in 3Q 2025) Third quarter 2026 results: EPS: JP¥21.65 (up from JP¥15.70 in 3Q 2025). Revenue: JP¥18.3b (up 88% from 3Q 2025). Net income: JP¥465.0m (up 38% from 3Q 2025). Profit margin: 2.5% (down from 3.5% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Luxury industry in Japan. 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 2% per year. Declared Dividend • Nov 08
First half dividend of JP¥41.50 announced Dividend of JP¥41.50 is the same as last year. Ex-date: 26th February 2026 Payment date: 1st June 2026 Dividend yield will be 4.8%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is not covered by earnings (120% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. 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. The company's earnings per share (EPS) would need to grow by 33% to bring the payout ratio under control. EPS is expected to grow by 58% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • Oct 11
Second quarter 2026 earnings released: EPS: JP¥16.72 (vs JP¥6.80 in 2Q 2025) Second quarter 2026 results: EPS: JP¥16.72 (up from JP¥6.80 in 2Q 2025). Revenue: JP¥16.8b (up 72% from 2Q 2025). Net income: JP¥359.0m (up 146% from 2Q 2025). Profit margin: 2.1% (up from 1.5% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Luxury industry in Japan. 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 1% per year. Upcoming Dividend • Aug 21
Upcoming dividend of JP¥41.50 per share Eligible shareholders must have bought the stock before 28 August 2025. Payment date: 10 November 2025. The company is paying out more than 100% of its profits and is paying out 81% of its cash flow. Trailing yield: 4.7%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.7%). Annonce • Aug 01
Yondoshi Holdings Inc. to Report Q2, 2026 Results on Oct 10, 2025 Yondoshi Holdings Inc. announced that they will report Q2, 2026 results on Oct 10, 2025 Major Estimate Revision • Jul 24
Consensus revenue estimates increase by 49%, EPS downgraded The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from JP¥42.6b to JP¥63.3b. EPS estimate fell from JP¥74.60 to JP¥65.20. Net income forecast to grow 20% next year vs 8.9% growth forecast for Luxury industry in Japan. Consensus price target down from JP¥2,000 to JP¥1,800. Share price was steady at JP¥1,732 over the past week. Buy Or Sell Opportunity • Jul 14
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 3.2% to JP¥1,749. The fair value is estimated to be JP¥1,452, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.3% over the last 3 years. Earnings per share has declined by 7.0%. Revenue is forecast to decline by 17% in a year. Earnings are forecast to grow by 32% in the next year. Reported Earnings • Jul 13
First quarter 2026 earnings released: EPS: JP¥19.66 (vs JP¥24.47 in 1Q 2025) First quarter 2026 results: EPS: JP¥19.66 (down from JP¥24.47 in 1Q 2025). Revenue: JP¥15.7b (up 62% from 1Q 2025). Net income: JP¥422.0m (down 20% from 1Q 2025). Profit margin: 2.7% (down from 5.4% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 8.4% p.a. on average during the next 2 years, while revenues in the Luxury industry in Japan are expected to grow by 6.7%. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Annonce • Jul 10
Yondoshi Holdings Inc. Provides Consolidated Earnings Guidance for the Interim Period and Fiscal Year Ending February 28, 2026 Yondoshi Holdings Inc. provided consolidated earnings guidance for the interim period and fiscal Year Ending February 28, 2026. For the interim period, the company expects Operating Revenues of JPY 32,000 million, Operating Income of JPY 1,200 million, Profit attributable to owners of parent of JPY 700 million and Net Income per Share of JPY 32.61.
For the full year, the company expects Operating Revenues of JPY 66,000 million, Operating Income of JPY 2,800 million, Profit attributable to owners of parent of JPY 1,600 million, and Net Income per Share of JPY 74.54. Declared Dividend • Jun 18
Final dividend of JP¥41.50 announced Dividend of JP¥41.50 is the same as last year. Ex-date: 28th August 2025 Payment date: 10th November 2025 Dividend yield will be 4.8%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is not covered by earnings (129% earnings payout ratio). However, it is covered by cash flows (81% 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. The company's earnings per share (EPS) would need to grow by 44% to bring the payout ratio under control. However, EPS has declined by 11% over the last 5 years so the company would need to reverse this trend. Reported Earnings • Jun 04
Full year 2025 earnings released: EPS: JP¥64.16 (vs JP¥60.62 in FY 2024) Full year 2025 results: EPS: JP¥64.16 (up from JP¥60.62 in FY 2024). Revenue: JP¥45.9b (up 16% from FY 2024). Net income: JP¥1.38b (up 5.9% from FY 2024). Profit margin: 3.0% (down from 3.3% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Annonce • May 14
Yondoshi Holdings Inc. to Report Q1, 2026 Results on Jul 10, 2025 Yondoshi Holdings Inc. announced that they will report Q1, 2026 results on Jul 10, 2025 Reported Earnings • Apr 12
Full year 2025 earnings released: EPS: JP¥64.16 (vs JP¥60.62 in FY 2024) Full year 2025 results: EPS: JP¥64.16 (up from JP¥60.62 in FY 2024). Revenue: JP¥45.9b (up 16% from FY 2024). Net income: JP¥1.38b (up 5.9% from FY 2024). Profit margin: 3.0% (down from 3.3% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Apr 07
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.6% to JP¥1,700. The fair value is estimated to be JP¥2,159, 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 declined by 3.0%. New Risk • Mar 26
New major risk - Revenue and earnings growth Earnings have declined by 14% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 14% per year over the past 5 years. Minor Risk Dividend is not well covered by earnings (128% payout ratio). Annonce • Mar 05
Yondoshi Holdings Inc. to Report Q3, 2026 Results on Jan 09, 2026 Yondoshi Holdings Inc. announced that they will report Q3, 2026 results on Jan 09, 2026 Upcoming Dividend • Feb 20
Upcoming dividend of JP¥41.50 per share Eligible shareholders must have bought the stock before 27 February 2025. Payment date: 02 June 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 4.6%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.6%). Annonce • Feb 03
Yondoshi Holdings Inc. to Report Fiscal Year 2025 Results on Apr 11, 2025 Yondoshi Holdings Inc. announced that they will report fiscal year 2025 results on Apr 11, 2025 Reported Earnings • Jan 12
Third quarter 2025 earnings released: EPS: JP¥15.70 (vs JP¥10.49 in 3Q 2024) Third quarter 2025 results: EPS: JP¥15.70 (up from JP¥10.49 in 3Q 2024). Revenue: JP¥9.73b (up 1.5% from 3Q 2024). Net income: JP¥337.0m (up 50% from 3Q 2024). Profit margin: 3.5% (up from 2.3% in 3Q 2024). Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Luxury industry in Japan. 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 3% per year, which means it is well ahead of earnings. Annonce • Jan 10
Yondoshi Holdings Inc. Revises Consolidated Earnings Guidance for the Fiscal Year Ending February 28, 2025 Yondoshi Holdings Inc. revised consolidated earnings guidance for the fiscal Year Ending February 28, 2025. For the full year, the company expects Operating Revenues of JPY 46,000 million, Operating Income of JPY 2,100 million, Profit attributable to owners of parent of JPY 1,400 million, and Net Income per Share of JPY 65.06 against previous forecast of Operating Revenues of JPY 41,000 million, Operating Income of JPY 2,350 million, Profit attributable to owners of parent of JPY 1,600 million, and Net Income per Share of JPY 74.58. Reason for the Revision: In terms of progress against the full-year consolidated earnings forecast for the fiscal year ending February 2025, announced on April 12, 2024, the Apparel Business is expected to secure increases in revenue and earnings. In the Brand Business, however, while sales to female customers have been steadily increasing on the implementation of various measures to emphasize experience value, sales to male customers during the Christmas sales season, the period of peak demand, declined from the previous fiscal year. In addition, the Company plans to incorporate the results of RASIN Co. Ltd., which was made a subsidiary on December 2, 2024, into its consolidated financial results from the fourth quarter of Fiscal 2024. As a result of incorporating these results, including the recording of expenses related to the business integration, the full-year consolidated earnings forecast is being revised from the forecast at the time of the previous announcement. Annonce • Nov 27
Yondoshi Holdings Inc. to Report Q3, 2025 Results on Jan 10, 2025 Yondoshi Holdings Inc. announced that they will report Q3, 2025 results on Jan 10, 2025 Declared Dividend • Nov 09
First half dividend of JP¥41.50 announced Dividend of JP¥41.50 is the same as last year. Ex-date: 27th February 2025 Payment date: 2nd June 2025 Dividend yield will be 4.5%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is not covered by earnings (209% earnings payout ratio). However, it is covered by cash flows (75% 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. The company's earnings per share (EPS) would need to grow by 133% to bring the payout ratio under control. EPS is expected to grow by 50% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Reported Earnings • Oct 14
Second quarter 2025 earnings released: EPS: JP¥15.64 (vs JP¥9.05 in 2Q 2024) Second quarter 2025 results: EPS: JP¥15.64 (up from JP¥9.05 in 2Q 2024). Revenue: JP¥9.73b (up 2.2% from 2Q 2024). Net income: JP¥335.5m (up 73% from 2Q 2024). Profit margin: 3.4% (up from 2.0% in 2Q 2024). Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Luxury industry in Japan. 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 2% per year. Annonce • Oct 12
Yondoshi Holdings Inc. Announces Dividend for the Second Quarter Ended August 31, 2024, Payable on November 8, 2024 Yondoshi Holdings Inc. announced dividend of JPY 41.50 per share for the second quarter ended August 31, 2024 as compared to dividend Of JPY 41.50 per share a year ago. Dividend payment commencement date (planned): November 8, 2024. Annonce • Oct 11
Yondoshi Holdings Inc. (TSE:8008) agreed to acquire 97.20% stake in RASIN Co., Ltd. from Ant Capital Partners No. 6 Investment Limited Partnership, managed by Ant Capital Partners Co., Ltd. and MOMENTUM VI, L.P. for ¥10.5 billion. Yondoshi Holdings Inc. (TSE:8008) agreed to acquire 97.20% stake in RASIN Co., Ltd. from Ant Capital Partners No. 6 Investment Limited Partnership, managed by Ant Capital Partners Co., Ltd. and MOMENTUM VI, L.P. for ¥10.5 billion on October 11, 2024.
For the period ending February 29, 2024, RASIN Co., Ltd. reported total revenue of ¥18.58 billion, EBIT of ¥18.58 billion and net income of ¥869 million. As of February 29, 2024, RASIN Co., Ltd. reported total assets of ¥9.5 billion and total common equity of ¥4.47 billion.
The expected completion of the transaction is December 2, 2024. Annonce • Aug 27
Yondoshi Holdings Inc. to Report Q2, 2025 Results on Oct 11, 2024 Yondoshi Holdings Inc. announced that they will report Q2, 2025 results on Oct 11, 2024 Upcoming Dividend • Aug 22
Upcoming dividend of JP¥41.50 per share Eligible shareholders must have bought the stock before 29 August 2024. Payment date: 11 November 2024. Payout ratio is a comfortable 67% but the company is paying out more than the cash it is generating. Trailing yield: 4.3%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.7%). Reported Earnings • Jul 15
First quarter 2025 earnings released: EPS: JP¥24.47 (vs JP¥23.41 in 1Q 2024) First quarter 2025 results: EPS: JP¥24.47 (up from JP¥23.41 in 1Q 2024). Revenue: JP¥9.69b (up 1.1% from 1Q 2024). Net income: JP¥525.0m (up 4.6% from 1Q 2024). Profit margin: 5.4% (up from 5.2% in 1Q 2024). Revenue is forecast to grow 2.3% p.a. on average during the next 2 years, compared to a 6.0% growth forecast for the Luxury industry in Japan. 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 2% per year, which means it is well ahead of earnings. Declared Dividend • Jun 06
Final dividend of JP¥41.50 announced Dividend of JP¥41.50 is the same as last year. Ex-date: 29th August 2024 Payment date: 11th November 2024 Dividend yield will be 4.4%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is not covered by earnings (134% earnings payout ratio) nor is it covered by cash flows (112% 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. The company's earnings per share (EPS) would need to grow by 49% to bring the payout ratio under control. EPS is expected to grow by 21% over the next 2 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Reported Earnings • Jun 06
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: JP¥60.62 (up from JP¥53.59 in FY 2023). Revenue: JP¥39.5b (flat on FY 2023). Net income: JP¥1.30b (up 13% from FY 2023). Profit margin: 3.3% (up from 2.9% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 8.3%. Revenue is forecast to grow 2.2% p.a. on average during the next 2 years, compared to a 6.0% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Annonce • May 30
Yondoshi Holdings Inc. Announces Board and Committee Changes Yondoshi Holdings Inc. announced established an independent committee based on the Continuation of Measures to Respond to Large- Scale Purchases of the company's Shares (Takeover Defense Measures), the continuation of which was approved at the 72nd Ordinary General Meeting of Shareholders held on May 26, 2022. Two members of this committee, Mr. Toyomasa Akiyama and Mr. Naoki Kodama, retired from their positionsas outside director and Audit & Supervisory Board Member at the conclusion of the 74th Ordinary General Meeting of Shareholders held on May 30, 2024, and as such, their terms of office as Independent Committee members ended as of the same date. Of note, Mr. Kodama was newly appointed as an Outside Director at the General Meeting of Shareholders. Accordingly, at a meeting of the board of directors held on May 30, 2024, the company resolved to appoint Mr. Hiroshi Kawazoe, who was appointed as an Outside Director and Audit & Supervisory Board Member at the 74th Ordinary General Meeting of Shareholders, as a member of the Independent Committee. Hiroshi KAWAZOE: Apr. 1978 Joined the Tokyo Regional Taxation Bureau; Jul 2017, Deputy Assistant Regional Commissioner, First Taxation Department, Tokyo Regional Taxation Bureau; Jul 2018 District Director, Kojimachi Tax Office; Aug. 2019 Registered as a Certified Public Tax Accountant (current); Nov. 2022 Outside Auditor, Kanki Publishing Co. Ltd. (current). Reported Earnings • Apr 14
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: JP¥60.62 (up from JP¥53.59 in FY 2023). Revenue: JP¥39.5b (flat on FY 2023). Net income: JP¥1.30b (up 13% from FY 2023). Profit margin: 3.3% (up from 2.9% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 8.3%. Revenue is forecast to grow 2.2% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 2% per year. Annonce • Apr 13
Yondoshi Holdings Inc., Annual General Meeting, May 30, 2024 Yondoshi Holdings Inc., Annual General Meeting, May 30, 2024. Agenda: To consider election and resignation of directors; and to consider other matters. Upcoming Dividend • Feb 21
Upcoming dividend of JP¥41.50 per share Eligible shareholders must have bought the stock before 28 February 2024. Payment date: 27 May 2024. The company is paying out more than 100% of its profits and is paying out 84% of its cash flow. Trailing yield: 4.2%. Within top quartile of Japanese dividend payers (3.3%). Lower than average of industry peers (10%). Major Estimate Revision • Feb 15
Consensus EPS estimates fall by 20% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from JP¥40.9b to JP¥39.6b. EPS estimate also fell from JP¥70.00 per share to JP¥56.00 per share. Net income forecast to grow 7.1% next year vs 11% growth forecast for Luxury industry in Japan. Consensus price target up from JP¥1,800 to JP¥2,000. Share price was steady at JP¥1,921 over the past week. Annonce • Jan 31
Yondoshi Holdings Inc. to Report Fiscal Year 2024 Results on Apr 12, 2024 Yondoshi Holdings Inc. announced that they will report fiscal year 2024 results on Apr 12, 2024 Annonce • Jan 11
Yondoshi Holdings Inc. Announces Executive Changes Yondoshi Holdings Inc. at a meeting of its Board of Directors held on January 9, 2024, resolved to make the following changes in organizational structure and personnel. The Directors effective March 1, 2024. Ichiro Okafuji as Representative Senior Managing Director from Representative Senior Managing Director and Senior Managing Executive Officer responsible for Operations; Masahiko Nishimura as Managing Director and Managing Executive Officer responsible for Operations and General Manager, Finance Dept. (concurrent) from Managing Director and Managing Executive Officer responsible for Finance. Executive Officers (Effective March 1, 2024), Hiroki Minagawa as Executive Officer responsible for F.D.C. Products Inc. Kazumasa Fukuhara as Executive Officer, General Manager, operations Dept. from Executive Officer, General Manager, Corporate Planning Dept. Management Personnel (General Manager) (Effective March 1, 2024) Yasufumi Kozuka as Head of Corporate Planning Office from General Manager, Finance Dept. Reported Earnings • Jan 10
Third quarter 2024 earnings released: EPS: JP¥10.49 (vs JP¥10.54 in 3Q 2023) Third quarter 2024 results: EPS: JP¥10.49 (down from JP¥10.54 in 3Q 2023). Revenue: JP¥9.59b (down 3.0% from 3Q 2023). Net income: JP¥225.0m (flat on 3Q 2023). Profit margin: 2.3% (in line with 3Q 2023). Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Annonce • Nov 29
Yondoshi Holdings Inc. to Report Q3, 2024 Results on Jan 09, 2024 Yondoshi Holdings Inc. announced that they will report Q3, 2024 results on Jan 09, 2024 Reported Earnings • Oct 07
Second quarter 2024 earnings released: EPS: JP¥9.05 (vs JP¥5.22 in 2Q 2023) Second quarter 2024 results: EPS: JP¥9.05 (up from JP¥5.22 in 2Q 2023). Revenue: JP¥9.53b (up 3.6% from 2Q 2023). Net income: JP¥194.0m (up 73% from 2Q 2023). Profit margin: 2.0% (up from 1.2% in 2Q 2023). Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Annonce • Sep 26
Yondoshi Holdings Inc. Revises Earnings Guidance for the First Half Ending August 31, 2023 Yondoshi Holdings Inc. revised earnings guidance for the first half ending August 31, 2023. For the period, the company now expects net sales of JPY 19,100 million, operating income of JPY 1,070 million, profit attributable to owners of parent of JPY 700 million and net income per share of JPY 32.64 against previous forecast for net sales of JPY 19,000 million, operating income of JPY 800 million, profit attributable to owners of parent of JPY 550 million and net income per share of JPY 25.65. Upcoming Dividend • Aug 23
Upcoming dividend of JP¥41.50 per share at 4.4% yield Eligible shareholders must have bought the stock before 30 August 2023. Payment date: 13 November 2023. The company is paying out more than 100% of its profits and is paying out 86% of its cash flow. Trailing yield: 4.4%. Within top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.9%). Annonce • Aug 11
Yondoshi Holdings Inc. to Report Q2, 2024 Results on Oct 06, 2023 Yondoshi Holdings Inc. announced that they will report Q2, 2024 results on Oct 06, 2023 New Risk • Jul 07
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 23% 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 Dividend is not well covered by earnings (142% payout ratio). Large one-off items impacting financial results. Reported Earnings • Jul 07
First quarter 2024 earnings released: EPS: JP¥23.41 (vs JP¥18.71 in 1Q 2023) First quarter 2024 results: EPS: JP¥23.41 (up from JP¥18.71 in 1Q 2023). Revenue: JP¥9.59b (up 2.8% from 1Q 2023). Net income: JP¥502.0m (up 25% from 1Q 2023). Profit margin: 5.2% (up from 4.3% in 1Q 2023). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has fallen by 7% 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 30
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2023 results: EPS: JP¥53.59 (down from JP¥69.53 in FY 2022). Revenue: JP¥39.5b (up 3.8% from FY 2022). Net income: JP¥1.15b (down 23% from FY 2022). Profit margin: 2.9% (down from 3.9% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) exceeded analyst estimates by 4.5%. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has fallen by 12% 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. Annonce • May 28
Yondoshi Holdings Inc. to Report Q1, 2024 Results on Jul 06, 2023 Yondoshi Holdings Inc. announced that they will report Q1, 2024 results on Jul 06, 2023 Reported Earnings • Apr 16
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2023 results: EPS: JP¥53.59 (down from JP¥69.53 in FY 2022). Revenue: JP¥39.5b (up 3.8% from FY 2022). Net income: JP¥1.15b (down 23% from FY 2022). Profit margin: 2.9% (down from 3.9% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) exceeded analyst estimates by 4.5%. Revenue is forecast to grow 5.3% p.a. on average during the next 2 years, compared to a 6.9% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Upcoming Dividend • Feb 20
Upcoming dividend of JP¥41.50 per share at 4.6% yield Eligible shareholders must have bought the stock before 27 February 2023. Payment date: 29 May 2023. The company is paying out more than 100% of its profits and is paying out 76% of its cash flow. Trailing yield: 4.6%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.9%). Major Estimate Revision • Feb 09
Consensus EPS estimates fall by 39% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from JP¥41.0b to JP¥40.0b. EPS estimate also fell from JP¥83.90 per share to JP¥51.30 per share. Net income forecast to shrink 9.4% next year vs 32% growth forecast for Luxury industry in Japan . Consensus price target of JP¥1,800 unchanged from last update. Share price was steady at JP¥1,770 over the past week. Annonce • Feb 08
Yondoshi Holdings Inc. to Report Fiscal Year 2023 Results on Apr 14, 2023 Yondoshi Holdings Inc. announced that they will report fiscal year 2023 results on Apr 14, 2023 Reported Earnings • Jan 07
Third quarter 2023 earnings released: EPS: JP¥10.54 (vs JP¥14.93 in 3Q 2022) Third quarter 2023 results: EPS: JP¥10.54 (down from JP¥14.93 in 3Q 2022). Revenue: JP¥9.89b (up 3.5% from 3Q 2022). Net income: JP¥226.0m (down 29% from 3Q 2022). Profit margin: 2.3% (down from 3.3% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Annonce • Jan 06
Yondoshi Holdings Inc. Revises Consolidated Earnings Guidance for the Fiscal Year Ending February 28, 2023 Yondoshi Holdings Inc. revised consolidated earnings guidance for the fiscal year ending February 28, 2023. For the year, the company expected net sales to be JPY 40,000 million as compared to previous guidance of JPY 40,500 million; Operating income to be JPY 2,000 million as compared to previous guidance of JPY 2,700 million; Profit attributable to owners of parent to be JPY 1,100 million as compared to previous guidance of JPY 1,800 million; and Net income per share to be JPY 51.30 as compared to previous guidance of JPY 83.96. Annonce • Nov 30
Yondoshi Holdings Inc. to Report Q3, 2023 Results on Jan 06, 2023 Yondoshi Holdings Inc. announced that they will report Q3, 2023 results on Jan 06, 2023 Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Outside Director Naoki Kodama was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 09
Second quarter 2023 earnings released: EPS: JP¥11.96 (vs JP¥1.03 in 2Q 2022) Second quarter 2023 results: EPS: JP¥11.96 (up from JP¥1.03 in 2Q 2022). Revenue: JP¥9.26b (up 2.3% from 2Q 2022). Net income: JP¥256.5m (up JP¥234.5m from 2Q 2022). Profit margin: 2.8% (up from 0.2% in 2Q 2022). Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Aug 23
Upcoming dividend of JP¥41.50 per share Eligible shareholders must have bought the stock before 30 August 2022. Payment date: 14 November 2022. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 4.6%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.0%). Annonce • Aug 05
Yondoshi Holdings Inc. to Report Q2, 2023 Results on Oct 07, 2022 Yondoshi Holdings Inc. announced that they will report Q2, 2023 results on Oct 07, 2022 Reported Earnings • Jul 09
First quarter 2023 earnings released: EPS: JP¥18.71 (vs JP¥12.05 in 1Q 2022) First quarter 2023 results: EPS: JP¥18.71 (up from JP¥12.05 in 1Q 2022). Revenue: JP¥9.32b (up 7.0% from 1Q 2022). Net income: JP¥401.0m (up 55% from 1Q 2022). Profit margin: 4.3% (up from 3.0% in 1Q 2022). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 7.7%, compared to a 9.9% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. 
