Reported Earnings • May 20
Full year 2026 earnings: EPS and revenues exceed analyst expectations Full year 2026 results: EPS: JP¥32.92 (up from JP¥13.50 in FY 2025). Revenue: JP¥38.0b (up 36% from FY 2025). Net income: JP¥1.99b (up 144% from FY 2025). Profit margin: 5.2% (up from 2.9% in FY 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.7%. Earnings per share (EPS) also surpassed analyst estimates by 14%. Revenue is expected to decline by 1.3% p.a. on average during the next 2 years, while revenues in the Entertainment industry in Japan are expected to grow by 3.9%. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 11% per year, which means it is performing significantly worse than earnings. Annonce • May 15
Marvelous Inc., Annual General Meeting, Jun 23, 2026 Marvelous Inc., Annual General Meeting, Jun 23, 2026. Annonce • May 10
Marvelous Inc. to Report Fiscal Year 2026 Results on May 15, 2026 Marvelous Inc. announced that they will report fiscal year 2026 results on May 15, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥12.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 09 June 2026. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%). Reported Earnings • Jan 31
Third quarter 2026 earnings released: EPS: JP¥22.52 (vs JP¥15.70 in 3Q 2025) Third quarter 2026 results: EPS: JP¥22.52 (up from JP¥15.70 in 3Q 2025). Revenue: JP¥8.84b (up 13% from 3Q 2025). Net income: JP¥1.36b (up 43% from 3Q 2025). Profit margin: 15% (up from 12% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, earnings per share has fallen by 46% 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 • Dec 19
Marvelous Inc. to Report Q3, 2026 Results on Jan 30, 2026 Marvelous Inc. announced that they will report Q3, 2026 results on Jan 30, 2026 Declared Dividend • Nov 03
Dividend of JP¥12.00 announced Shareholders will receive a dividend of JP¥12.00. Ex-date: 30th March 2026 Payment date: 9th June 2026 Dividend yield will be 2.1%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (66% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 159% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 01
Second quarter 2026 earnings released: EPS: JP¥1.19 (vs JP¥1.98 loss in 2Q 2025) Second quarter 2026 results: EPS: JP¥1.19 (up from JP¥1.98 loss in 2Q 2025). Revenue: JP¥11.5b (up 63% from 2Q 2025). Net income: JP¥72.0m (up JP¥192.0m from 2Q 2025). Profit margin: 0.6% (up from net loss in 2Q 2025). The move to profitability was driven by higher revenue. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance. Annonce • Sep 21
Marvelous Inc. to Report Q2, 2026 Results on Oct 31, 2025 Marvelous Inc. announced that they will report Q2, 2026 results on Oct 31, 2025 Reported Earnings • Aug 02
First quarter 2026 earnings released: EPS: JP¥1.85 (vs JP¥3.27 in 1Q 2025) First quarter 2026 results: EPS: JP¥1.85 (down from JP¥3.27 in 1Q 2025). Revenue: JP¥8.74b (up 51% from 1Q 2025). Net income: JP¥112.0m (down 43% from 1Q 2025). Profit margin: 1.3% (down from 3.4% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance. New Risk • Jul 04
New major risk - Revenue and earnings growth Earnings have declined by 34% 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 Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 34% per year over the past 5 years. High level of non-cash earnings (27% accrual ratio). Reported Earnings • Jun 27
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: EPS: JP¥13.50 (up from JP¥8.54 loss in FY 2024). Revenue: JP¥28.0b (down 5.2% from FY 2024). Net income: JP¥818.0m (up JP¥1.34b from FY 2024). Profit margin: 2.9% (up from net loss in FY 2024). The move to profitability was driven by lower expenses. Revenue exceeded analyst estimates by 3.6%. Earnings per share (EPS) missed analyst estimates by 9.3%. Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance. Annonce • Jun 25
Marvelous Inc. to Report Q1, 2026 Results on Jul 31, 2025 Marvelous Inc. announced that they will report Q1, 2026 results on Jul 31, 2025 New Risk • Jun 24
New major risk - Revenue and earnings growth Earnings have declined by 34% 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 Risks Earnings have declined by 34% per year over the past 5 years. High level of non-cash earnings (27% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • May 11
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: EPS: JP¥13.50 (up from JP¥8.54 loss in FY 2024). Revenue: JP¥28.0b (down 5.2% from FY 2024). Net income: JP¥818.0m (up JP¥1.34b from FY 2024). Profit margin: 2.9% (up from net loss in FY 2024). The move to profitability was driven by lower expenses. Revenue exceeded analyst estimates by 3.6%. Earnings per share (EPS) missed analyst estimates by 9.3%. Revenue is forecast to grow 7.7% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance. Annonce • May 09
Marvelous Inc., Annual General Meeting, Jun 23, 2025 Marvelous Inc., Annual General Meeting, Jun 23, 2025. New Risk • Apr 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 5.7% 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: Major Risk Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risk Share price has been volatile over the past 3 months (5.7% average weekly change). Annonce • Mar 26
Marvelous Inc. to Report Fiscal Year 2025 Results on May 09, 2025 Marvelous Inc. announced that they will report fiscal year 2025 results on May 09, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 09 June 2025. The company is not currently making a profit and is not cash flow positive. Trailing yield: 6.6%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.2%). Declared Dividend • Feb 03
Dividend of JP¥10.00 announced Shareholders will receive a dividend of JP¥10.00. Ex-date: 28th March 2025 Payment date: 9th June 2025 Dividend yield will be 2.0%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having 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 8.2% 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. Reported Earnings • Feb 01
Third quarter 2025 earnings released: EPS: JP¥15.70 (vs JP¥1.06 in 3Q 2024) Third quarter 2025 results: EPS: JP¥15.70 (up from JP¥1.06 in 3Q 2024). Revenue: JP¥7.84b (up 1.1% from 3Q 2024). Net income: JP¥951.0m (up JP¥887.0m from 3Q 2024). Profit margin: 12% (up from 0.8% in 3Q 2024). Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • Jan 28
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 2.0% to JP¥600. The fair value is estimated to be JP¥499, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.1% over the last 3 years. Meanwhile, the company became loss making. Annonce • Dec 21
Marvelous Inc. to Report Q3, 2025 Results on Jan 31, 2025 Marvelous Inc. announced that they will report Q3, 2025 results on Jan 31, 2025 Annonce • Sep 26
Marvelous Inc. to Report Q2, 2025 Results on Oct 31, 2024 Marvelous Inc. announced that they will report Q2, 2025 results on Oct 31, 2024 Reported Earnings • Aug 02
First quarter 2025 earnings released: EPS: JP¥3.27 (vs JP¥10.07 in 1Q 2024) First quarter 2025 results: EPS: JP¥3.27 (down from JP¥10.07 in 1Q 2024). Revenue: JP¥5.81b (down 16% from 1Q 2024). Net income: JP¥198.0m (down 68% from 1Q 2024). Profit margin: 3.4% (down from 8.8% in 1Q 2024). Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance. Annonce • Jun 28
Marvelous Inc. to Report Q1, 2025 Results on Jul 31, 2024 Marvelous Inc. announced that they will report Q1, 2025 results on Jul 31, 2024 Reported Earnings • Jun 26
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: JP¥8.54 loss per share (down from JP¥31.85 profit in FY 2023). Revenue: JP¥29.5b (up 16% from FY 2023). Net loss: JP¥517.0m (down 127% from profit in FY 2023). Revenue exceeded analyst estimates by 3.5%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Reported Earnings • May 13
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: JP¥8.54 loss per share (down from JP¥31.85 profit in FY 2023). Revenue: JP¥29.5b (up 16% from FY 2023). Net loss: JP¥517.0m (down 127% from profit in FY 2023). Revenue exceeded analyst estimates by 3.5%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 2.6% p.a. on average during the next 2 years, compared to a 4.3% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. New Risk • May 13
New major risk - Revenue and earnings growth Earnings have declined by 4.7% 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 Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 290% Paying a dividend despite having no free cash flows. Earnings have declined by 4.7% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (2.4% net profit margin). Annonce • May 12
Marvelous Inc., Annual General Meeting, Jun 21, 2024 Marvelous Inc., Annual General Meeting, Jun 21, 2024. Annonce • Mar 21
Marvelous Inc. to Report Fiscal Year 2024 Results on May 10, 2024 Marvelous Inc. announced that they will report fiscal year 2024 results on May 10, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥33.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 06 June 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 4.5%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.8%). Reported Earnings • Feb 02
Third quarter 2024 earnings released: EPS: JP¥1.06 (vs JP¥12.49 in 3Q 2023) Third quarter 2024 results: EPS: JP¥1.06 (down from JP¥12.49 in 3Q 2023). Revenue: JP¥7.76b (up 13% from 3Q 2023). Net income: JP¥64.0m (down 92% from 3Q 2023). Profit margin: 0.8% (down from 11% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Annonce • Dec 24
Marvelous Inc. to Report Q3, 2024 Results on Jan 31, 2024 Marvelous Inc. announced that they will report Q3, 2024 results on Jan 31, 2024 Board Change • Nov 11
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent External Director Hideki Okamura was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 02
Second quarter 2024 earnings released: EPS: JP¥8.28 (vs JP¥14.95 in 2Q 2023) Second quarter 2024 results: EPS: JP¥8.28 (down from JP¥14.95 in 2Q 2023). Revenue: JP¥7.12b (up 14% from 2Q 2023). Net income: JP¥501.0m (down 45% from 2Q 2023). Profit margin: 7.0% (down from 14% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, earnings per share has fallen by 16% 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 • Sep 22
Marvelous Inc. to Report Q2, 2024 Results on Oct 31, 2023 Marvelous Inc. announced that they will report Q2, 2024 results on Oct 31, 2023 Reported Earnings • Aug 01
First quarter 2024 earnings released: EPS: JP¥10.07 (vs JP¥12.45 in 1Q 2023) First quarter 2024 results: EPS: JP¥10.07 (down from JP¥12.45 in 1Q 2023). Revenue: JP¥6.88b (up 29% from 1Q 2023). Net income: JP¥609.0m (down 19% from 1Q 2023). Profit margin: 8.8% (down from 14% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 3.3% p.a. on average during the next 2 years, while revenues in the Entertainment industry in Japan are expected to grow by 3.2%. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 3% per year. Annonce • Jun 23
Marvelous Inc. to Report Q1, 2024 Results on Jul 31, 2023 Marvelous Inc. announced that they will report Q1, 2024 results on Jul 31, 2023 Reported Earnings • Jun 22
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: JP¥31.85 (down from JP¥63.22 in FY 2022). Revenue: JP¥25.3b (down 1.5% from FY 2022). Net income: JP¥1.93b (down 50% from FY 2022). Profit margin: 7.6% (down from 15% in FY 2022). The decrease in margin was primarily driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 34%. Revenue is forecast to stay flat during the next 2 years compared to a 2.1% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • May 14
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: JP¥31.85 (down from JP¥63.22 in FY 2022). Revenue: JP¥25.3b (down 1.5% from FY 2022). Net income: JP¥1.93b (down 50% from FY 2022). Profit margin: 7.6% (down from 15% in FY 2022). The decrease in margin was primarily driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 34%. Revenue is forecast to stay flat during the next 2 years compared to a 2.9% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, earnings per share has increased by 7% per year and the company’s share price has also increased by 7% per year. Annonce • May 13
Marvelous Inc., Annual General Meeting, Jun 20, 2023 Marvelous Inc., Annual General Meeting, Jun 20, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥33.00 per share at 4.7% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 06 June 2023. Payout ratio is a comfortable 61% but the company is not cash flow positive. Trailing yield: 4.7%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.1%). Reported Earnings • Feb 01
Third quarter 2023 earnings released: EPS: JP¥12.49 (vs JP¥14.21 in 3Q 2022) Third quarter 2023 results: EPS: JP¥12.49 (down from JP¥14.21 in 3Q 2022). Revenue: JP¥6.87b (up 12% from 3Q 2022). Net income: JP¥755.0m (down 12% from 3Q 2022). Profit margin: 11% (down from 14% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 2.5% growth forecast for the Entertainment 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 fallen by 1% per year, which means it is significantly lagging earnings. Annonce • Dec 26
Marvelous Inc. to Report Q3, 2023 Results on Jan 31, 2023 Marvelous Inc. announced that they will report Q3, 2023 results on Jan 31, 2023 Reported Earnings • Nov 02
Second quarter 2023 earnings released: EPS: JP¥14.95 (vs JP¥16.65 in 2Q 2022) Second quarter 2023 results: EPS: JP¥14.95 (down from JP¥16.65 in 2Q 2022). Revenue: JP¥6.23b (down 2.2% from 2Q 2022). Net income: JP¥903.0m (down 10% from 2Q 2022). Profit margin: 14% (down from 16% in 2Q 2022). Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Entertainment industry in Japan. 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 5% per year, which means it is significantly lagging earnings. Annonce • Sep 24
Marvelous Inc. to Report Q2, 2023 Results on Oct 31, 2022 Marvelous Inc. announced that they will report Q2, 2023 results on Oct 31, 2022 Major Estimate Revision • Aug 11
Consensus forecasts updated The consensus outlook for 2023 has been updated. 2023 revenue forecast increased from JP¥21.6b to JP¥24.1b. EPS estimate unchanged from JP¥44.70 at last update. Entertainment industry in Japan expected to see average net income growth of 4.3% next year. Consensus price target of JP¥1,640 unchanged from last update. Share price was steady at JP¥674 over the past week. Reported Earnings • Jul 31
First quarter 2023 earnings released: EPS: JP¥12.45 (vs JP¥17.79 in 1Q 2022) First quarter 2023 results: EPS: JP¥12.45 (down from JP¥17.79 in 1Q 2022). Revenue: JP¥5.32b (down 18% from 1Q 2022). Net income: JP¥752.0m (down 30% from 1Q 2022). Profit margin: 14% (down from 17% in 1Q 2022). The decrease in margin was driven by lower revenue. Over the next year, revenue is expected to shrink by 7.8% compared to a 12% growth forecast for the 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 fallen by 4% per year, which means it is significantly lagging earnings. Board Change • Jul 31
High number of new directors Director Shinichi Terui was the last director to join the board, commencing their role in 2022. Annonce • Jun 25
Marvelous Inc. to Report Q1, 2023 Results on Jul 29, 2022 Marvelous Inc. announced that they will report Q1, 2023 results on Jul 29, 2022 Reported Earnings • Jun 24
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: JP¥63.22 (up from JP¥55.64 in FY 2021). Revenue: JP¥25.7b (flat on FY 2021). Net income: JP¥3.82b (up 17% from FY 2021). Profit margin: 15% (up from 13% in FY 2021). Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) also surpassed analyst estimates by 17%. Over the next year, revenue is expected to shrink by 16% compared to a 10% growth forecast for the 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 fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • May 17
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: JP¥63.22 (up from JP¥55.64 in FY 2021). Revenue: JP¥25.7b (flat on FY 2021). Net income: JP¥3.82b (up 17% from FY 2021). Profit margin: 15% (up from 13% in FY 2021). Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) also surpassed analyst estimates by 17%. Over the next year, revenue is forecast to stay flat compared to a 9.5% growth forecast for the 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 fallen by 5% per year, which means it is significantly lagging earnings. Annonce • May 14
Marvelous Inc., Annual General Meeting, Jun 21, 2022 Marvelous Inc., Annual General Meeting, Jun 21, 2022. Price Target Changed • Apr 27
Price target decreased to JP¥1,640 Down from JP¥1,900, the current price target is an average from 2 analysts. New target price is 117% above last closing price of JP¥755. Stock is down 9.1% over the past year. The company is forecast to post earnings per share of JP¥53.95 for next year compared to JP¥55.64 last year. Annonce • Apr 08
Marvelous Inc. to Report Fiscal Year 2022 Results on May 12, 2022 Marvelous Inc. announced that they will report fiscal year 2022 results on May 12, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥33.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 07 June 2022. Payout ratio is a comfortable 52% and this is well supported by cash flows. Trailing yield: 4.4%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.9%). Price Target Changed • Mar 15
Price target decreased to JP¥1,640 Down from JP¥1,900, the current price target is an average from 2 analysts. New target price is 127% above last closing price of JP¥722. Stock is down 18% over the past year. The company is forecast to post earnings per share of JP¥56.60 for next year compared to JP¥55.64 last year. Reported Earnings • Feb 02
Third quarter 2022 earnings: EPS and revenues exceed analyst expectations Third quarter 2022 results: EPS: JP¥14.21 (down from JP¥19.61 in 3Q 2021). Revenue: JP¥6.12b (down 22% from 3Q 2021). Net income: JP¥858.0m (down 28% from 3Q 2021). Profit margin: 14% (in line with 3Q 2021). Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) also surpassed analyst estimates by 29%. Over the next year, revenue is forecast to stay flat compared to a 5.3% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 7% per year, which means it is performing significantly worse than earnings. Reported Earnings • Oct 31
Second quarter 2022 earnings released: EPS JP¥16.65 (vs JP¥9.39 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥6.37b (up 34% from 2Q 2021). Net income: JP¥1.01b (up 77% from 2Q 2021). Profit margin: 16% (up from 12% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 8% per year. Annonce • Aug 28
entalize co., ltd. agreed to acquire Delfisound Inc. from Marvelous Inc. (TSE:7844) for approximately ¥230 million. entalize co., ltd. agreed to acquire Delfisound Inc. from Marvelous Inc. (TSE:7844) for approximately ¥230 million on August 27, 2021. entalize is acquiring 10,500 shares of Delfisound for ¥225 million. For the fiscal year ending March 2021, Delfisound reported net worth of approximately ¥207 million, total assets of approximately ¥260 million, sales of approximately ¥430 million, operating income of ¥8.7 million and net income of ¥4.5 million. After the acquisition of the shares, Poletowin Pitcrew Holdings, Inc., the ultimate parent of entalize co., ltd., plan to dispatch two directors from its subsidiary. The transaction is expected to close on August 31, 2021. Common stock advisory expenses of Delfisound is approximately ¥5.625 million. Reported Earnings • Aug 04
First quarter 2022 earnings released: EPS JP¥17.79 (vs JP¥11.06 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥6.47b (up 39% from 1Q 2021). Net income: JP¥1.07b (up 81% from 1Q 2021). Profit margin: 17% (up from 13% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Reported Earnings • Jun 24
Full year 2021 earnings released: EPS JP¥55.64 (vs JP¥34.74 in FY 2020) The company reported a solid full year result with improved earnings and profit margins, although revenues were flat. Full year 2021 results: Revenue: JP¥25.5b (flat on FY 2020). Net income: JP¥3.27b (up 82% from FY 2020). Profit margin: 13% (up from 7.1% in FY 2020). 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 4% per year, which means it has not declined as severely as earnings. Reported Earnings • May 14
Full year 2021 earnings released: EPS JP¥55.64 (vs JP¥34.74 in FY 2020) The company reported a solid full year result with improved earnings and profit margins, although revenues were flat. Full year 2021 results: Revenue: JP¥25.5b (flat on FY 2020). Net income: JP¥3.27b (up 82% from FY 2020). Profit margin: 13% (up from 7.1% in FY 2020). 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 6% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥33.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 09 June 2021. Trailing yield: 3.7%. Within top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.7%). Reported Earnings • Feb 03
Third quarter 2021 earnings released: EPS JP¥19.61 (vs JP¥11.46 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥7.87b (up 2.1% from 3Q 2020). Net income: JP¥1.18b (up 100% from 3Q 2020). Profit margin: 15% (up from 7.7% in 3Q 2020). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Feb 03
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 46%. Earnings per share (EPS) also surpassed analyst estimates by 20%. Over the next year, revenue is expected to shrink by 5.1% compared to a 4.1% growth forecast for the Entertainment industry in Japan. Is New 90 Day High Low • Jan 25
New 90-day high: JP¥1,002 The company is up 30% from its price of JP¥770 on 27 October 2020. The Japanese market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Entertainment industry, which is up 14% over the same period. Annonce • Dec 27
Marvelous Inc. to Report Q3, 2021 Results on Jan 29, 2021 Marvelous Inc. announced that they will report Q3, 2021 results on Jan 29, 2021 Annonce • Oct 10
Marvelous Inc. to Report Q2, 2021 Results on Oct 30, 2020 Marvelous Inc. announced that they will report Q2, 2021 results on Oct 30, 2020 Annonce • Jun 29
Marvelous Inc. to Report Q1, 2021 Results on Jul 31, 2020 Marvelous Inc. announced that they will report Q1, 2021 results on Jul 31, 2020