Buy Or Sell Opportunity • May 07
Now 20% overvalued Over the last 90 days, the stock has fallen 6.5% to JP¥1,150. The fair value is estimated to be JP¥957, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.7% over the last 3 years. Earnings per share has grown by 13%. Revenue is forecast to grow by 27% in 2 years. Earnings are forecast to grow by 21% in the next 2 years. Buy Or Sell Opportunity • Apr 20
Now 20% overvalued Over the last 90 days, the stock has fallen 3.1% to JP¥1,150. The fair value is estimated to be JP¥958, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.7% over the last 3 years. Earnings per share has grown by 13%. Revenue is forecast to grow by 20% in 2 years. Earnings are forecast to grow by 21% in the next 2 years. Declared Dividend • Apr 16
Dividend of JP¥31.00 announced Shareholders will receive a dividend of JP¥31.00. Ex-date: 28th August 2026 Payment date: 6th November 2026 Dividend yield will be 2.8%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is well covered by both earnings (38% earnings payout ratio) and cash flows (43% cash payout ratio). The dividend has increased by an average of 32% 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. EPS is expected to grow by 36% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 15
Second quarter 2026 earnings released: EPS: JP¥15.82 (vs JP¥15.97 in 2Q 2025) Second quarter 2026 results: EPS: JP¥15.82 (down from JP¥15.97 in 2Q 2025). Revenue: JP¥6.88b (up 7.4% from 2Q 2025). Net income: JP¥894.1m (down 2.9% from 2Q 2025). Profit margin: 13% (down from 14% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Household Products industry in Japan. Over the last 3 years on average, earnings per share has increased by 13% per year and the company’s share price has also increased by 13% per year. Annonce • Mar 17
TRANSACTION CO.,Ltd. (TSE:7818) agreed to acquire Thousand Inc. TRANSACTION CO.,Ltd. (TSE:7818) agreed to acquire Thousand Inc. on March 16, 2026.
For the period ending December 31, 2025, Thousand Inc. reported total revenue of ¥1.81 billion and net income of ¥31 million. As of December 31, 2025, Thousand Inc. reported total assets of ¥1.17 billion and total common equity of ¥259 million.
The expected completion of the transaction is March 31, 2026. Reported Earnings • Jan 15
First quarter 2026 earnings released: EPS: JP¥21.64 (vs JP¥18.12 in 1Q 2025) First quarter 2026 results: EPS: JP¥21.64 (up from JP¥18.12 in 1Q 2025). Revenue: JP¥7.97b (up 12% from 1Q 2025). Net income: JP¥1.22b (up 17% from 1Q 2025). Profit margin: 15% (in line with 1Q 2025). Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Household Products industry in Japan. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 17% per year. Board Change • Dec 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 3 highly experienced directors. Independent Outside Director Kazuyuki Omori was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 16
Full year 2025 earnings: EPS in line with expectations, revenues disappoint Full year 2025 results: EPS: JP¥142 (up from JP¥64.69 in FY 2024). Revenue: JP¥27.5b (up 9.6% from FY 2024). Net income: JP¥4.08b (up 8.4% from FY 2024). Profit margin: 15% (in line with FY 2024). Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 8.6% p.a. on average during the next 2 years, compared to a 4.2% growth forecast for the Household Products industry in Japan. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Annonce • Oct 15
TRANSACTION CO.,Ltd., Annual General Meeting, Nov 27, 2025 TRANSACTION CO.,Ltd., Annual General Meeting, Nov 27, 2025. Upcoming Dividend • Aug 21
Upcoming dividend of JP¥55.00 per share Eligible shareholders must have bought the stock before 28 August 2025. Payment date: 07 November 2025. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (2.0%). Annonce • Jul 23
TRANSACTION CO.,Ltd. (TSE:7818) announces an Equity Buyback for 650,000 shares, representing 2.25% for ¥1,950 million. TRANSACTION CO.,Ltd. (TSE:7818) announces a share repurchase program. Under the program, the company will repurchase up to 650,000 shares, representing 2.25% of its issued share capital, for total worth of ¥1,950 million worth of its shares. The purpose of the share repurchases is to further improve capital efficiency, while also considering the appropriate capital level and the impact on supply and demand related to the secondary offering of shares. The repurchased shares will be cancelled. The program is valid till July 31, 2025. As of June 30, 2025, the company had 28,839,344 shares in issue and 536,056 shares in treasury. Annonce • Jul 22
TRANSACTION CO.,Ltd. has filed a Follow-on Equity Offering. TRANSACTION CO.,Ltd. has filed a Follow-on Equity Offering.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 2,100,000 Reported Earnings • Jul 15
Third quarter 2025 earnings released: EPS: JP¥37.28 (vs JP¥29.49 in 3Q 2024) Third quarter 2025 results: EPS: JP¥37.28 (up from JP¥29.49 in 3Q 2024). Revenue: JP¥7.26b (up 18% from 3Q 2024). Net income: JP¥1.08b (up 25% from 3Q 2024). Profit margin: 15% (in line with 3Q 2024). Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Household Products industry in Japan. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Apr 16
Dividend of JP¥55.00 announced Shareholders will receive a dividend of JP¥55.00. Ex-date: 28th August 2025 Payment date: 7th November 2025 Dividend yield will be 2.1%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is well covered by both earnings (29% earnings payout ratio) and cash flows (33% cash payout ratio). The dividend has increased by an average of 27% 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. EPS is expected to grow by 36% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 15
Second quarter 2025 earnings released: EPS: JP¥31.94 (vs JP¥30.55 in 2Q 2024) Second quarter 2025 results: EPS: JP¥31.94 (up from JP¥30.55 in 2Q 2024). Revenue: JP¥6.40b (up 4.4% from 2Q 2024). Net income: JP¥921.0m (up 3.5% from 2Q 2024). Profit margin: 14% (in line with 2Q 2024). Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Household Products industry in Japan. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Apr 14
TRANSACTION CO.,Ltd. Revises Dividend Guidance for the Fiscal Year Ending August 31, 2025 TRANSACTION CO.,Ltd. revised dividend guidance for the fiscal year ending August 31, 2025. For the year, the company now expects dividend of JPY 55.00 per share against previous guidance of JPY 41.00 per share. Reason for revision: The company have increased dividends for 13 consecutive fiscal years since its listing in order to return profits to shareholders. The Company recognizes that providing returns to shareholders is one of its most important management issues, and has decided to raise the level of its dividend payout ratio in order to further strengthen the return of profits to shareholders in the future. Reported Earnings • Jan 15
First quarter 2025 earnings released: EPS: JP¥36.24 (vs JP¥34.40 in 1Q 2024) First quarter 2025 results: EPS: JP¥36.24 (up from JP¥34.40 in 1Q 2024). Revenue: JP¥7.11b (up 7.3% from 1Q 2024). Net income: JP¥1.05b (up 4.3% from 1Q 2024). Profit margin: 15% (in line with 1Q 2024). Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Household Products industry in Japan. Over the last 3 years on average, earnings per share has increased by 25% per year whereas the company’s share price has increased by 23% per year. New Risk • Nov 07
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 6.2% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Oct 18
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: JP¥129 (up from JP¥113 in FY 2023). Revenue: JP¥25.0b (up 9.1% from FY 2023). Net income: JP¥3.76b (up 14% from FY 2023). Profit margin: 15% (in line with FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.5%. Revenue is forecast to grow 8.7% p.a. on average during the next 2 years, compared to a 4.8% growth forecast for the Household Products industry in Japan. Over the last 3 years on average, earnings per share has increased by 26% per year whereas the company’s share price has increased by 31% per year. Upcoming Dividend • Aug 22
Upcoming dividend of JP¥37.00 per share Eligible shareholders must have bought the stock before 29 August 2024. Payment date: 08 November 2024. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.3%). Reported Earnings • Jul 15
Third quarter 2024 earnings released: EPS: JP¥29.49 (vs JP¥33.06 in 3Q 2023) Third quarter 2024 results: EPS: JP¥29.49 (down from JP¥33.06 in 3Q 2023). Revenue: JP¥6.14b (down 1.8% from 3Q 2023). Net income: JP¥859.0m (down 11% from 3Q 2023). Profit margin: 14% (down from 15% in 3Q 2023). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Household Products industry in Japan. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Annonce • Jul 12
TRANSACTION CO.,Ltd. (TSE:7818) announces an Equity Buyback for 300,000 shares, representing 1.03% for ¥500 million. TRANSACTION CO.,Ltd. (TSE:7818) announces a share repurchase program. Under the program, the company will repurchase up to 300,000 shares, representing 0.34% of its issued share capital, for total worth of ¥500 million worth of its shares. The purpose of the share repurchases is to implement a flexible capital policy that responds to changes in the business environment and to enhance the return of profits to shareholders. The program is valid till December 26, 2024. As of February 29, 2024, the company had 29,128,535 shares in issue and 246,865 shares in treasury. Buy Or Sell Opportunity • Jul 01
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 14% to JP¥1,871. The fair value is estimated to be JP¥2,350, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 24%. Revenue is forecast to grow by 21% in 2 years. Earnings are forecast to grow by 15% in the next 2 years. Buy Or Sell Opportunity • May 14
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 25% to JP¥1,879. The fair value is estimated to be JP¥2,350, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 24%. Revenue is forecast to grow by 19% in 2 years. Earnings are forecast to grow by 15% in the next 2 years. Buy Or Sell Opportunity • Apr 16
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 20% to JP¥1,776. The fair value is estimated to be JP¥2,351, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 24%. Revenue is forecast to grow by 19% in 2 years. Earnings are forecast to grow by 15% in the next 2 years. Reported Earnings • Apr 14
Second quarter 2024 earnings released: EPS: JP¥30.55 (vs JP¥25.45 in 2Q 2023) Second quarter 2024 results: EPS: JP¥30.55 (up from JP¥25.45 in 2Q 2023). Revenue: JP¥6.14b (up 16% from 2Q 2023). Net income: JP¥890.0m (up 20% from 2Q 2023). Profit margin: 14% (in line with 2Q 2023). Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Household Products industry in Japan. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Declared Dividend • Apr 14
Dividend of JP¥37.00 announced Shareholders will receive a dividend of JP¥37.00. Ex-date: 29th August 2024 Payment date: 8th November 2024 Dividend yield will be 1.7%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is well covered by both earnings (28% earnings payout ratio) and cash flows (31% cash payout ratio). The dividend has increased by an average of 31% 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. EPS is expected to grow by 26% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Feb 26
Now 20% undervalued Over the last 90 days, the stock has risen 15% to JP¥2,433. The fair value is estimated to be JP¥3,059, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.8% over the last 3 years. Earnings per share has grown by 22%. Revenue is forecast to grow by 21% in 2 years. Earnings are forecast to grow by 16% in the next 2 years. Buying Opportunity • Jan 17
Now 22% undervalued Over the last 90 days, the stock is up 14%. The fair value is estimated to be JP¥2,863, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.8% over the last 3 years. Earnings per share has grown by 22%. Revenue is forecast to grow by 20% in 2 years. Earnings is forecast to grow by 15% in the next 2 years. Reported Earnings • Jan 13
First quarter 2024 earnings released: EPS: JP¥34.40 (vs JP¥28.11 in 1Q 2023) First quarter 2024 results: EPS: JP¥34.40 (up from JP¥28.11 in 1Q 2023). Revenue: JP¥6.62b (up 11% from 1Q 2023). Net income: JP¥1.00b (up 23% from 1Q 2023). Profit margin: 15% (up from 14% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Household Products industry in Japan. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jan 12
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to JP¥2,564, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 22x in the Household Products industry in Japan. Total returns to shareholders of 164% over the past three years. Annonce • Jan 11
TRANSACTION CO.,Ltd. Provides Dividend Guidance for the Fiscal Year Ending August 2024 TRANSACTION CO.,Ltd. provided dividend guidance for the fiscal year ending August 2024. For the period, Company expects dividend of JPY 37.00 per share against JPY 35.00 per share paid a year ago. Annonce • Oct 14
TRANSACTION CO.,Ltd., Annual General Meeting, Nov 29, 2023 TRANSACTION CO.,Ltd., Annual General Meeting, Nov 29, 2023. Reported Earnings • Oct 13
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2023 results: EPS: JP¥113 (up from JP¥75.42 in FY 2022). Revenue: JP¥23.0b (up 26% from FY 2022). Net income: JP¥3.31b (up 51% from FY 2022). Profit margin: 14% (up from 12% in FY 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.7%. Earnings per share (EPS) exceeded analyst estimates by 2.1%. Revenue is forecast to grow 9.3% p.a. on average during the next 2 years, compared to a 5.1% growth forecast for the Household Products industry in Japan. Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 22% per year. New Risk • Oct 03
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 Dividend is not well covered by cash flows (102% cash payout ratio). Share price has been volatile over the past 3 months (5.1% average weekly change). Upcoming Dividend • Aug 23
Upcoming dividend of JP¥32.00 per share at 1.6% yield Eligible shareholders must have bought the stock before 30 August 2023. Payment date: 09 November 2023. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.1%). Reported Earnings • Jul 16
Third quarter 2023 earnings released: EPS: JP¥33.06 (vs JP¥18.97 in 3Q 2022) Third quarter 2023 results: EPS: JP¥33.06 (up from JP¥18.97 in 3Q 2022). Revenue: JP¥6.25b (up 37% from 3Q 2022). Net income: JP¥963.0m (up 75% from 3Q 2022). Profit margin: 15% (up from 12% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Household Products industry in Japan. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Apr 13
Second quarter 2023 earnings released: EPS: JP¥25.45 (vs JP¥18.97 in 2Q 2022) Second quarter 2023 results: EPS: JP¥25.45 (up from JP¥18.97 in 2Q 2022). Revenue: JP¥5.31b (up 18% from 2Q 2022). Net income: JP¥741.0m (up 34% from 2Q 2022). Profit margin: 14% (up from 12% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Household Products industry in Japan. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 21% per year. Valuation Update With 7 Day Price Move • Jan 19
Investor sentiment improved over the past week After last week's 20% share price gain to JP¥1,434, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 20x in the Household Products industry in Japan. Total returns to shareholders of 32% over the past three years. Reported Earnings • Jan 14
First quarter 2023 earnings released: EPS: JP¥28.11 (vs JP¥17.87 in 1Q 2022) First quarter 2023 results: EPS: JP¥28.11 (up from JP¥17.87 in 1Q 2022). Revenue: JP¥5.97b (up 34% from 1Q 2022). Net income: JP¥818.0m (up 57% from 1Q 2022). Profit margin: 14% (up from 12% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Household Products industry in Japan. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Board Change • Dec 09
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 Yumiko Matsuo was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Dec 04
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: JP¥75.42 (up from JP¥70.68 in FY 2021). Revenue: JP¥18.3b (up 6.6% from FY 2021). Net income: JP¥2.20b (up 6.6% from FY 2021). Profit margin: 12% (in line with FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.1%. Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Household Products industry in Japan. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 10% per year. Reported Earnings • Oct 15
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: JP¥75.42 (up from JP¥70.68 in FY 2021). Revenue: JP¥18.3b (up 6.6% from FY 2021). Net income: JP¥2.20b (up 6.6% from FY 2021). Profit margin: 12% (in line with FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.1%. Revenue is forecast to grow 10.0% p.a. on average during the next 2 years, compared to a 6.4% growth forecast for the Household Products industry in Japan. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Aug 23
Upcoming dividend of JP¥24.00 per share Eligible shareholders must have bought the stock before 30 August 2022. Payment date: 08 November 2022. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.1%). Reported Earnings • Jul 13
Third quarter 2022 earnings released: EPS: JP¥18.97 (vs JP¥17.28 in 3Q 2021) Third quarter 2022 results: EPS: JP¥18.97 (up from JP¥17.28 in 3Q 2021). Revenue: JP¥4.56b (up 10.0% from 3Q 2021). Net income: JP¥552.0m (up 9.7% from 3Q 2021). Profit margin: 12% (in line with 3Q 2021). Over the next year, revenue is forecast to grow 15%, compared to a 6.1% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 14
Second quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2022 results: EPS: JP¥18.97 (down from JP¥20.81 in 2Q 2021). Revenue: JP¥4.51b (up 8.3% from 2Q 2021). Net income: JP¥552.0m (down 8.9% from 2Q 2021). Profit margin: 12% (down from 14% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) exceeded analyst estimates by 3.1%. Over the next year, revenue is forecast to grow 16%, compared to a 6.0% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jan 13
First quarter 2022 earnings: EPS and revenues exceed analyst expectations First quarter 2022 results: EPS: JP¥17.87 (down from JP¥21.37 in 1Q 2021). Revenue: JP¥4.46b (down 7.9% from 1Q 2021). Net income: JP¥520.0m (down 17% from 1Q 2021). Profit margin: 12% (down from 13% in 1Q 2021). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 6.6%. Earnings per share (EPS) also surpassed analyst estimates by 3.1%. Earnings per share (EPS) surpassed analyst estimates by 3.1%. Over the next year, revenue is forecast to grow 14%, compared to a 5.5% growth forecast for the industry in Japan. 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 14% per year. Annonce • Jan 12
Transaction Co.,Ltd. Provides Consolidated Earnings Guidance for the Six Months Ending February 2022 and Full Year Ending August 31, 2022 TRANSACTION CO.,Ltd. provided consolidated earnings guidance for the six months ending February 2022 and Full Year Ending August 31, 2022. For the six months ending February 2022, the company expects net sales of JPY 8,964 million, operating profit of JPY 1,482 million, profit attributable to owners of parent of JPY 997 million and basic earnings per share of JPY 34.26.For the full year ending August 31, 2022, the company expects net sales of JPY 19,004 million, operating profit of JPY 3,130 million, profit attributable to owners of parent of JPY 2,092 million and basic earnings per share of JPY 71.91. Reported Earnings • Oct 15
Full year 2021 earnings released: EPS JP¥70.68 (vs JP¥56.68 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¥17.1b (down 7.2% from FY 2020). Net income: JP¥2.06b (up 25% from FY 2020). Profit margin: 12% (up from 8.9% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Aug 23
Upcoming dividend of JP¥19.00 per share Eligible shareholders must have bought the stock before 30 August 2021. Payment date: 09 November 2021. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.1%). Higher than average of industry peers (1.0%). Reported Earnings • Jul 11
Third quarter 2021 earnings released: EPS JP¥17.28 (vs JP¥24.41 in 3Q 2020) The company reported a poor third quarter result with weaker earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: JP¥4.14b (down 30% from 3Q 2020). Net income: JP¥503.0m (down 30% from 3Q 2020). Profit margin: 12% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 15
Second quarter 2021 earnings released: EPS JP¥20.81 (vs JP¥10.48 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥4.17b (up 5.8% from 2Q 2020). Net income: JP¥606.0m (up 98% from 2Q 2020). Profit margin: 14% (up from 7.8% in 2Q 2020). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Annonce • Apr 13
Transaction Co. Ltd. Provides Consolidated Earnings Guidance for the Year Ended August 2021 Transaction Co. Ltd. provided consolidated earnings guidance for the year ended August 2021. For the period, the company expects consolidated net sales of JPY 17,578 million, operating profit of JPY 2,531 million, profit attributable to owners of parent of JPY 1,690 million and basic earnings per share of JPY 58.01. Is New 90 Day High Low • Mar 12
New 90-day high: JP¥1,170 The company is up 26% from its price of JP¥926 on 11 December 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Household Products industry, which is down 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥833 per share. Is New 90 Day High Low • Feb 08
New 90-day high: JP¥1,122 The company is up 19% from its price of JP¥940 on 10 November 2020. The Japanese market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Household Products industry, which is down 9.0% over the same period. Reported Earnings • Jan 14
First quarter 2021 earnings released: EPS JP¥21.37 The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: JP¥4.84b (up 7.7% from 1Q 2020). Net income: JP¥624.0m (up 42% from 1Q 2020). Profit margin: 13% (up from 9.8% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Jan 13
New 90-day high: JP¥1,058 The company is up 3.0% from its price of JP¥1,030 on 15 October 2020. The Japanese market is up 12% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Household Products industry, which is down 3.0% over the same period. Is New 90 Day High Low • Dec 07
New 90-day low: JP¥916 The company is down 19% from its price of JP¥1,135 on 08 September 2020. The Japanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Household Products industry, which is up 4.0% over the same period.