Board Change • May 20
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 5 new directors. 2 experienced directors. 2 highly experienced directors. 1 independent director (5 non-independent directors). Chairman of the Board Kuniteru Mizutani is the most experienced director on the board, commencing their role in 2003. Independent Outside Director Ikuko Arimatsu was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • May 13
Full year 2026 earnings released: EPS: JP¥86.86 (vs JP¥94.99 in FY 2025) Full year 2026 results: EPS: JP¥86.86 (down from JP¥94.99 in FY 2025). Revenue: JP¥12.1b (down 2.7% from FY 2025). Net income: JP¥552.0m (down 8.3% from FY 2025). Profit margin: 4.5% (down from 4.8% in FY 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Board Change • May 01
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 5 new directors. 2 experienced directors. 2 highly experienced directors. 1 independent director (5 non-independent directors). Chairman of the Board Kuniteru Mizutani is the most experienced director on the board, commencing their role in 2003. Independent Outside Director Ikuko Arimatsu was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥21.40 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 25 June 2026. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 3.6%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.0%). Board Change • Feb 25
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 5 new directors. 2 experienced directors. 2 highly experienced directors. 1 independent director (5 non-independent directors). Chairman of the Board Kuniteru Mizutani is the most experienced director on the board, commencing their role in 2003. Independent Outside Director Ikuko Arimatsu was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Feb 05
Third quarter 2026 earnings released: JP¥9.75 loss per share (vs JP¥11.35 loss in 3Q 2025) Third quarter 2026 results: JP¥9.75 loss per share (improved from JP¥11.35 loss in 3Q 2025). Revenue: JP¥1.88b (down 7.4% from 3Q 2025). Net loss: JP¥62.0m (loss narrowed 14% from 3Q 2025). 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. Board Change • Feb 05
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 5 new directors. 2 experienced directors. 2 highly experienced directors. 1 independent director (5 non-independent directors). Chairman of the Board Kuniteru Mizutani is the most experienced director on the board, commencing their role in 2003. Independent Outside Director Ikuko Arimatsu was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Jun 27
Full year 2025 earnings released: EPS: JP¥94.99 (vs JP¥109 in FY 2024) Full year 2025 results: EPS: JP¥94.99 (down from JP¥109 in FY 2024). Revenue: JP¥12.5b (down 3.1% from FY 2024). Net income: JP¥602.0m (down 12% from FY 2024). Profit margin: 4.8% (down from 5.3% in FY 2024). The decrease in margin was driven by lower revenue. 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. Board Change • Jun 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 7 non-independent directors. Independent Outside Director Ikuko Arimatsu was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Jun 10
Bunkeido Co., Ltd., Annual General Meeting, Jun 24, 2025 Bunkeido Co., Ltd., Annual General Meeting, Jun 24, 2025, at 10:00 Tokyo Standard Time. Location: 7-1, enaka, ekira-cho, gifu prefecture, 8th floor, main office, hashima Japan Board Change • May 28
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 7 non-independent directors. Independent Outside Director Ikuko Arimatsu was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • May 14
Full year 2025 earnings released: EPS: JP¥94.99 (vs JP¥109 in FY 2024) Full year 2025 results: EPS: JP¥94.99 (down from JP¥109 in FY 2024). Revenue: JP¥12.5b (down 3.1% from FY 2024). Net income: JP¥602.0m (down 12% from FY 2024). Profit margin: 4.8% (down from 5.3% in FY 2024). The decrease in margin was driven by lower revenue. 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 3% per year. Board Change • May 01
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 7 non-independent directors. Independent Outside Director Ikuko Arimatsu was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥19.90 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 26 June 2025. Payout ratio is a comfortable 57% but the company is paying out more than the cash it is generating. Trailing yield: 4.1%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.3%). Board Change • Mar 06
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 7 non-independent directors. Independent Outside Director Ikuko Arimatsu was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 19
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 7 non-independent directors. Independent Outside Director Ikuko Arimatsu was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 09
Second quarter 2025 earnings released: EPS: JP¥61.53 (vs JP¥79.10 in 2Q 2024) Second quarter 2025 results: EPS: JP¥61.53 (down from JP¥79.10 in 2Q 2024). Revenue: JP¥3.25b (down 3.8% from 2Q 2024). Net income: JP¥390.0m (down 22% from 2Q 2024). Profit margin: 12% (down from 15% in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥19.90 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 05 December 2024. Payout ratio is a comfortable 36% but the company is paying out more than the cash it is generating. Trailing yield: 3.4%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.3%). Reported Earnings • Aug 09
First quarter 2025 earnings released: EPS: JP¥138 (vs JP¥114 in 1Q 2024) First quarter 2025 results: EPS: JP¥138 (up from JP¥114 in 1Q 2024). Revenue: JP¥5.11b (flat on 1Q 2024). Net income: JP¥871.0m (up 21% from 1Q 2024). Profit margin: 17% (up from 14% in 1Q 2024). 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 4% per year, which means it is significantly lagging earnings. Annonce • Jun 19
Bunkeido Co., Ltd., Annual General Meeting, Jun 25, 2024 Bunkeido Co., Ltd., Annual General Meeting, Jun 25, 2024, at 10:00 Tokyo Standard Time. Location: 7-1 enaka, ekira-cho, gifu prefecture, 8th floor large conference room of our main store, hashima Japan Reported Earnings • May 16
Full year 2024 earnings released: EPS: JP¥109 (vs JP¥112 in FY 2023) Full year 2024 results: EPS: JP¥109 (down from JP¥112 in FY 2023). Revenue: JP¥12.9b (flat on FY 2023). Net income: JP¥687.0m (down 2.4% from FY 2023). Profit margin: 5.3% (down from 5.5% in FY 2023). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Board Change • May 15
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 7 non-independent directors. Independent Outside Director Ikuko Arimatsu was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 
