Annonce • Apr 02
Nishimoto Co., Ltd. to Delist from Prime Section of the Tokyo Stock Exchange, Effective April 23, 2025 Nishimoto Co., Ltd. will be delisted from Prime Section of the Tokyo Stock Exchange effective from April 23, 2025, due to Reverse stock split. Annonce • Feb 17
Nishimoto Co., Ltd., Annual General Meeting, Mar 28, 2025 Nishimoto Co., Ltd., Annual General Meeting, Mar 28, 2025. Reported Earnings • Feb 16
Full year 2024 earnings released: JP¥26.18 loss per share (vs JP¥146 profit in FY 2023) Full year 2024 results: JP¥26.18 loss per share (down from JP¥146 profit in FY 2023). Revenue: JP¥328.9b (up 9.3% from FY 2023). Net loss: JP¥1.12b (down 118% from profit in FY 2023). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings. Annonce • Jan 05
Nishimoto Co., Ltd. to Report Fiscal Year 2024 Results on Feb 14, 2025 Nishimoto Co., Ltd. announced that they will report fiscal year 2024 results on Feb 14, 2025 Reported Earnings • Nov 13
Third quarter 2024 earnings released: EPS: JP¥10.66 (vs JP¥53.76 in 3Q 2023) Third quarter 2024 results: EPS: JP¥10.66 (down from JP¥53.76 in 3Q 2023). Revenue: JP¥80.8b (up 4.5% from 3Q 2023). Net income: JP¥456.0m (down 80% from 3Q 2023). Profit margin: 0.6% (down from 3.0% in 3Q 2023). 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 15% per year, which means it is well ahead of earnings. New Risk • Nov 12
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 7.9% 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 (7.9% average weekly change). 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. Profit margins are more than 30% lower than last year (1.3% net profit margin). Valuation Update With 7 Day Price Move • Nov 12
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to JP¥1,653, the stock trades at a trailing P/E ratio of 16.5x. Average trailing P/E is 13x in the Consumer Retailing industry in Japan. Total returns to shareholders of 46% over the past three years. Annonce • Oct 06
Nishimoto Co., Ltd. to Report Q3, 2024 Results on Nov 11, 2024 Nishimoto Co., Ltd. announced that they will report Q3, 2024 results on Nov 11, 2024 Reported Earnings • Aug 19
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: JP¥86.5b (up 13% from 2Q 2023). Net income: JP¥1.48b (down 28% from 2Q 2023). Profit margin: 1.7% (down from 2.7% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 4% per year. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to JP¥1,081, the stock trades at a trailing P/E ratio of 9.4x. Average trailing P/E is 12x in the Consumer Retailing industry in Japan. Total returns to shareholders of 31% over the past three years. Upcoming Dividend • Jun 20
Upcoming dividend of JP¥60.00 per share Eligible shareholders must have bought the stock before 27 June 2024. Payment date: 19 September 2024. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (1.7%). Reported Earnings • May 19
First quarter 2024 earnings released: EPS: JP¥64.73 (vs JP¥161 in 1Q 2023) First quarter 2024 results: EPS: JP¥64.73 (down from JP¥161 in 1Q 2023). Revenue: JP¥80.2b (up 15% from 1Q 2023). Net income: JP¥925.0m (down 60% from 1Q 2023). Profit margin: 1.2% (down from 3.3% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 17% per year. Valuation Update With 7 Day Price Move • May 16
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥4,730, the stock trades at a trailing P/E ratio of 10.7x. Average trailing P/E is 14x in the Consumer Retailing industry in Japan. Total returns to shareholders of 87% over the past three years. Annonce • Apr 06
Nishimoto Co., Ltd. to Report Q1, 2024 Results on May 15, 2024 Nishimoto Co., Ltd. announced that they will report Q1, 2024 results on May 15, 2024 Annonce • Feb 16
Nishimoto Co., Ltd., Annual General Meeting, Mar 28, 2024 Nishimoto Co., Ltd., Annual General Meeting, Mar 28, 2024. Reported Earnings • Feb 16
Full year 2023 earnings released: EPS: JP¥437 (vs JP¥475 in FY 2022) Full year 2023 results: EPS: JP¥437 (down from JP¥475 in FY 2022). Revenue: JP¥300.8b (up 9.3% from FY 2022). Net income: JP¥6.27b (down 8.0% from FY 2022). Profit margin: 2.1% (down from 2.5% 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 34% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Annonce • Feb 15
Nishimoto Co., Ltd. (TSE:9260) announces an Equity Buyback for 125,000 shares, representing 0.87% for ¥752.5 million. Nishimoto Co., Ltd. (TSE:9260) announces a share repurchase program. Under the program, the company will repurchase up to 125,000 shares, representing 0.87% of its share capital, for ¥752.5 million. The company will repurchase its shares at a price of ¥6,020 per share. The shares will be repurchased for the purpose of implementing policy and improving capital efficiency. The program will expire on February 15, 2024. As of December 31, 2023, the company had 14,353,140 shares in issue (excluding treasury stock) and 241 shares in treasury. Annonce • Jan 17
Nishimoto Co., Ltd. to Report Fiscal Year 2023 Results on Feb 14, 2024 Nishimoto Co., Ltd. announced that they will report fiscal year 2023 results on Feb 14, 2024 Upcoming Dividend • Dec 21
Upcoming dividend of JP¥80.00 per share at 2.7% yield Eligible shareholders must have bought the stock before 28 December 2023. Payment date: 18 March 2024. Payout ratio is a comfortable 2.1% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.7%). Reported Earnings • Nov 15
Third quarter 2023 earnings released: EPS: JP¥161 (vs JP¥81.87 in 3Q 2022) Third quarter 2023 results: EPS: JP¥161 (up from JP¥81.87 in 3Q 2022). Revenue: JP¥77.3b (up 8.0% from 3Q 2022). Net income: JP¥2.32b (up 97% from 3Q 2022). Profit margin: 3.0% (up from 1.6% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has increased by 48% per year whereas the company’s share price has increased by 44% per year. New Risk • Oct 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 6.1% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.1% average weekly change). Annonce • Sep 07
Nishimoto Co., Ltd. to Report Q3, 2023 Results on Nov 13, 2023 Nishimoto Co., Ltd. announced that they will report Q3, 2023 results on Nov 13, 2023 Reported Earnings • Aug 12
Second quarter 2023 earnings released: EPS: JP¥144 (vs JP¥163 in 2Q 2022) Second quarter 2023 results: EPS: JP¥144 (down from JP¥163 in 2Q 2022). Revenue: JP¥76.5b (up 6.7% from 2Q 2022). Net income: JP¥2.07b (down 12% from 2Q 2022). Profit margin: 2.7% (down from 3.3% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Annonce • Jun 28
Nishimoto Co., Ltd. to Report Q2, 2023 Results on Aug 10, 2023 Nishimoto Co., Ltd. announced that they will report Q2, 2023 results on Aug 10, 2023 Upcoming Dividend • Jun 22
Upcoming dividend of JP¥70.00 per share at 3.3% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 19 September 2023. Payout ratio is a comfortable 6.7% but the company is not cash flow positive. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.6%). Reported Earnings • Feb 20
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: EPS: JP¥475 (up from JP¥350 in FY 2021). Revenue: JP¥275.2b (up 29% from FY 2021). Net income: JP¥6.82b (up 36% from FY 2021). Profit margin: 2.5% (up from 2.4% in FY 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) missed analyst estimates by 7.9%. Revenue is forecast to grow 3.8% p.a. on average during the next 2 years, compared to a 1.7% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Annonce • Feb 18
Nishimoto Co., Ltd., Annual General Meeting, Mar 30, 2023 Nishimoto Co., Ltd., Annual General Meeting, Mar 30, 2023. Annonce • Dec 28
Nishimoto Co., Ltd. to Report Fiscal Year 2022 Results on Feb 14, 2023 Nishimoto Co., Ltd. announced that they will report fiscal year 2022 results on Feb 14, 2023 Upcoming Dividend • Dec 22
Upcoming dividend of JP¥75.00 per share Eligible shareholders must have bought the stock before 29 December 2022. Payment date: 16 March 2023. Payout ratio is a comfortable 6.7% but the company is not cash flow positive. Trailing yield: 4.1%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.6%). Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: JP¥81.87 (vs JP¥45.01 in 3Q 2021) Third quarter 2022 results: EPS: JP¥81.87 (up from JP¥45.01 in 3Q 2021). Revenue: JP¥71.6b (up 29% from 3Q 2021). Net income: JP¥1.18b (up 82% from 3Q 2021). Profit margin: 1.6% (up from 1.2% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Global CDO & Director Celso Guiotoko was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Annonce • Sep 15
Nishimoto Co., Ltd. to Report Q3, 2022 Results on Nov 14, 2022 Nishimoto Co., Ltd. announced that they will report Q3, 2022 results on Nov 14, 2022 Reported Earnings • Aug 14
Second quarter 2022 earnings released: EPS: JP¥163 (vs JP¥117 in 2Q 2021) Second quarter 2022 results: EPS: JP¥163 (up from JP¥117 in 2Q 2021). Revenue: JP¥71.7b (up 30% from 2Q 2021). Net income: JP¥2.34b (up 39% from 2Q 2021). Profit margin: 3.3% (up from 3.0% in 2Q 2021). The increase in margin was driven by higher revenue. 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 7% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 22
Upcoming dividend of JP¥65.00 per share Eligible shareholders must have bought the stock before 29 June 2022. Payment date: 16 September 2022. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.8%). Annonce • Jun 11
Nishimoto Co., Ltd. to Report Q2, 2022 Results on Aug 12, 2022 Nishimoto Co., Ltd. announced that they will report Q2, 2022 results on Aug 12, 2022 Valuation Update With 7 Day Price Move • May 20
Investor sentiment improved over the past week After last week's 41% share price gain to JP¥3,485, the stock trades at a trailing P/E ratio of 8x. Average trailing P/E is 12x in the Consumer Retailing industry in Japan. Total loss to shareholders of 11% over the past three years. Reported Earnings • May 16
First quarter 2022 earnings released: EPS: JP¥151 (vs JP¥62.98 in 1Q 2021) First quarter 2022 results: EPS: JP¥151 (up from JP¥62.98 in 1Q 2021). Revenue: JP¥59.0b (up 32% from 1Q 2021). Net income: JP¥2.16b (up 139% from 1Q 2021). Profit margin: 3.7% (up from 2.0% 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 16% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Global CDO & Director Celso Guiotoko was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Annonce • Apr 08
Nishimoto Co., Ltd. to Report Q1, 2022 Results on May 13, 2022 Nishimoto Co., Ltd. announced that they will report Q1, 2022 results on May 13, 2022 Annonce • Feb 17
Nishimoto Co., Ltd., Annual General Meeting, Mar 30, 2022 Nishimoto Co., Ltd., Annual General Meeting, Mar 30, 2022. Reported Earnings • Feb 17
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: JP¥350 (up from JP¥70.79 in FY 2020). Revenue: JP¥213.2b (up 27% from FY 2020). Net income: JP¥5.03b (up 395% from FY 2020). Profit margin: 2.4% (up from 0.6% 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 fallen by 8% per year whereas the company’s share price has fallen by 13% per year. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥45.00 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 16 March 2022. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.6%). Valuation Update With 7 Day Price Move • Nov 19
Investor sentiment deteriorated over the past week After last week's 18% share price decline to JP¥3,500, the stock trades at a trailing P/E ratio of 12.9x. Average trailing P/E is 14x in the Consumer Retailing industry in Japan. Total loss to shareholders of 26% over the past three years. Reported Earnings • Nov 16
Third quarter 2021 earnings released: EPS JP¥45.01 (vs JP¥90.71 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: JP¥55.5b (up 24% from 3Q 2020). Net income: JP¥646.0m (down 50% from 3Q 2020). Profit margin: 1.2% (down from 2.9% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 15
Second quarter 2021 earnings released: EPS JP¥117 (vs JP¥73.30 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥55.3b (up 51% from 2Q 2020). Net income: JP¥1.68b (up JP¥2.74b from 2Q 2020). Profit margin: 3.0% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Aug 13
Investor sentiment improved over the past week After last week's 21% share price gain to JP¥3,320, the stock trades at a trailing P/E ratio of 26.4x. Average trailing P/E is 15x in the Consumer Retailing industry in Japan. Total loss to shareholders of 24% over the past three years. Reported Earnings • May 17
First quarter 2021 earnings released: EPS JP¥62.98 (vs JP¥7.87 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: JP¥44.6b (up 3.6% from 1Q 2020). Net income: JP¥904.0m (up JP¥791.0m from 1Q 2020). Profit margin: 2.0% (up from 0.3% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 06
Full year 2020 earnings released: EPS JP¥70.79 (vs JP¥174 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥168.4b (down 7.8% from FY 2019). Net income: JP¥1.02b (down 59% from FY 2019). Profit margin: 0.6% (down from 1.4% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Annonce • Feb 17
Nishimoto Co., Ltd., Annual General Meeting, Mar 30, 2021 Nishimoto Co., Ltd., Annual General Meeting, Mar 30, 2021. Reported Earnings • Feb 17
Full year 2020 earnings released: EPS JP¥70.79 (vs JP¥174 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥168.4b (down 7.8% from FY 2019). Net income: JP¥1.02b (down 59% from FY 2019). Profit margin: 0.6% (down from 1.4% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 15
New 90-day high: JP¥2,994 The company is up 37% from its price of JP¥2,179 on 17 November 2020. The Japanese market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Retailing industry, which is up 5.0% over the same period. Is New 90 Day High Low • Jan 28
New 90-day high: JP¥2,686 The company is up 44% from its price of JP¥1,859 on 30 October 2020. The Japanese market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Retailing industry, which is up 8.0% over the same period. Is New 90 Day High Low • Dec 30
New 90-day high: JP¥2,524 The company is up 34% from its price of JP¥1,878 on 30 September 2020. The Japanese market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Retailing industry, which is up 4.0% over the same period. Is New 90 Day High Low • Dec 07
New 90-day high: JP¥2,390 The company is up 25% from its price of JP¥1,910 on 08 September 2020. The Japanese market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Retailing industry, which is up 4.0% over the same period. Annonce • Sep 21
Nishimoto Co., Ltd.(TSE:9260) dropped from S&P Global BMI Index Nishimoto Co., Ltd.(TSE:9260) dropped from S&P Global BMI Index Annonce • Sep 13
Nishimoto Co., Ltd. to Report Q3, 2020 Results on Nov 13, 2020 Nishimoto Co., Ltd. announced that they will report Q3, 2020 results on Nov 13, 2020