Annonce • Jun 11
Alpen Co., Ltd. Revises Year-End Dividend Guidance for the Fiscal Year Ending June 30, 2026 Alpen Co. Ltd. revised its year-end dividend guidance for the fiscal year ending June 30, 2026. The company now expects to pay a year-end dividend of JPY 30.00 per share compared to previously forecasted JPY 25.00 per share. . Reason for the Revision of the Dividend Forecast: The Company maintains a basic policy of providing stable and continuous returns to shareholders, while comprehensively taking into consideration strengthening the Group's financial structure and securing internal reserves for future business development. Based on this policy, and after comprehensively reviewing the progress of full-year financial results to date and the future business environment, the Company has decided to increase the year-end dividend forecast for the fiscal year ending June 30, 2026, JPY 5.00 per share to JPY 30.00 per share. As a result, the annual dividend for the fiscal year will be JPY 55.00 per share. Annonce • Jun 09
Alpen Co.,Ltd. to Report Fiscal Year 2026 Results on Aug 06, 2026 Alpen Co.,Ltd. announced that they will report fiscal year 2026 results on Aug 06, 2026 Reported Earnings • May 13
Third quarter 2026 earnings released: EPS: JP¥23.20 (vs JP¥20.86 in 3Q 2025) Third quarter 2026 results: EPS: JP¥23.20 (up from JP¥20.86 in 3Q 2025). Revenue: JP¥70.0b (up 6.6% from 3Q 2025). Net income: JP¥855.0m (up 6.3% from 3Q 2025). Profit margin: 1.2% (in line with 3Q 2025). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Declared Dividend • Mar 10
First half dividend of JP¥25.00 announced Dividend of JP¥25.00 is the same as last year. Ex-date: 29th June 2026 Payment date: 10th September 2026 Dividend yield will be 2.4%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (21% 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 increased by an average of 2.3% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to decline by 77% to shift the payout ratio to a potentially unsustainable range, which is more than the 1.6% EPS decline seen over the last 5 years. Reported Earnings • Feb 07
Second quarter 2026 earnings released: EPS: JP¥55.99 (vs JP¥75.01 in 2Q 2025) Second quarter 2026 results: EPS: JP¥55.99 (down from JP¥75.01 in 2Q 2025). Revenue: JP¥71.7b (up 5.4% from 2Q 2025). Net income: JP¥2.15b (down 26% from 2Q 2025). Profit margin: 3.0% (down from 4.2% in 2Q 2025). Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 5% per year. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 10 March 2026. Payout ratio is a comfortable 36% but the company is paying out more than the cash it is generating. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.5%). Annonce • Dec 09
Alpen Co.,Ltd. to Report Q2, 2026 Results on Feb 06, 2026 Alpen Co.,Ltd. announced that they will report Q2, 2026 results on Feb 06, 2026 Reported Earnings • Nov 08
First quarter 2026 earnings released: EPS: JP¥15.72 (vs JP¥20.86 in 1Q 2025) First quarter 2026 results: EPS: JP¥15.72 (down from JP¥20.86 in 1Q 2025). Revenue: JP¥65.4b (up 4.9% from 1Q 2025). Net income: JP¥606.0m (down 25% from 1Q 2025). Profit margin: 0.9% (down from 1.3% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 5% per year. Declared Dividend • Oct 05
Final dividend of JP¥25.00 announced Dividend of JP¥25.00 is the same as last year. Ex-date: 29th December 2025 Payment date: 10th March 2026 Dividend yield will be 2.2%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (32% earnings payout ratio) but not covered by cash flows (103% cash payout ratio). The dividend has increased by an average of 2.3% 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. Earnings per share has grown by 221% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Annonce • Sep 27
Alpen Co.,Ltd. to Report Q1, 2026 Results on Nov 06, 2025 Alpen Co.,Ltd. announced that they will report Q1, 2026 results on Nov 06, 2025 Reported Earnings • Aug 08
Full year 2025 earnings released: EPS: JP¥145 (vs JP¥44.97 in FY 2024) Full year 2025 results: EPS: JP¥145 (up from JP¥44.97 in FY 2024). Revenue: JP¥268.7b (up 6.2% from FY 2024). Net income: JP¥5.57b (up 222% from FY 2024). Profit margin: 2.1% (up from 0.7% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Annonce • Aug 07
Alpen Co.,Ltd., Annual General Meeting, Sep 25, 2025 Alpen Co.,Ltd., Annual General Meeting, Sep 25, 2025. Upcoming Dividend • Jun 20
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 27 June 2025. Payment date: 11 September 2025. Payout ratio is a comfortable 32% but the company is not cash flow positive. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (4.0%). Higher than average of industry peers (1.6%). Annonce • Jun 06
Alpen Co.,Ltd. to Report Fiscal Year 2025 Results on Aug 07, 2025 Alpen Co.,Ltd. announced that they will report fiscal year 2025 results at 3:00 PM, Tokyo Standard Time on Aug 07, 2025 Declared Dividend • May 14
Dividend of JP¥25.00 announced Dividend of JP¥25.00 is the same as last year. Ex-date: 27th June 2025 Payment date: 11th September 2025 Dividend yield will be 2.2%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (16% 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 increased by an average of 2.3% 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. Earnings per share has grown by 47% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • May 09
Third quarter 2025 earnings released: EPS: JP¥20.86 (vs JP¥21.28 loss in 3Q 2024) Third quarter 2025 results: EPS: JP¥20.86 (up from JP¥21.28 loss in 3Q 2024). Revenue: JP¥65.6b (up 9.3% from 3Q 2024). Net income: JP¥804.0m (up JP¥1.62b from 3Q 2024). Profit margin: 1.2% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Annonce • Mar 04
Alpen Co.,Ltd. to Report Q3, 2025 Results on May 08, 2025 Alpen Co.,Ltd. announced that they will report Q3, 2025 results on May 08, 2025 New Risk • Feb 08
New major risk - Revenue and earnings growth Earnings have declined by 0.8% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.8% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Reported Earnings • Feb 08
Second quarter 2025 earnings released: EPS: JP¥75.00 (vs JP¥30.88 in 2Q 2024) Second quarter 2025 results: EPS: JP¥75.00 (up from JP¥30.88 in 2Q 2024). Revenue: JP¥68.0b (up 7.4% from 2Q 2024). Net income: JP¥2.89b (up 143% from 2Q 2024). Profit margin: 4.2% (up from 1.9% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Annonce • Jan 03
Alpen Co.,Ltd. to Report Q2, 2025 Results on Feb 06, 2025 Alpen Co.,Ltd. announced that they will report Q2, 2025 results on Feb 06, 2025 Upcoming Dividend • Dec 20
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 11 March 2025. Payout ratio is a comfortable 69% but the company is not cash flow positive. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.4%). Reported Earnings • Nov 09
First quarter 2025 earnings released: EPS: JP¥20.86 (vs JP¥6.36 loss in 1Q 2024) First quarter 2025 results: EPS: JP¥20.86 (up from JP¥6.36 loss in 1Q 2024). Revenue: JP¥62.4b (up 5.6% from 1Q 2024). Net income: JP¥804.0m (up JP¥1.05b from 1Q 2024). Profit margin: 1.3% (up from net loss in 1Q 2024). 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 5% per year, which means it has not declined as severely as earnings. Annonce • Sep 10
Alpen Co.,Ltd. to Report Q1, 2025 Results on Nov 07, 2024 Alpen Co.,Ltd. announced that they will report Q1, 2025 results on Nov 07, 2024 New Risk • Aug 19
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.4% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.7% net profit margin). Annonce • Aug 08
Alpen Co.,Ltd., Annual General Meeting, Sep 26, 2024 Alpen Co.,Ltd., Annual General Meeting, Sep 26, 2024. Buy Or Sell Opportunity • Jul 27
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 5.5% to JP¥2,181. The fair value is estimated to be JP¥1,817, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.7% over the last 3 years. Earnings per share has declined by 35%. Upcoming Dividend • Jun 20
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 27 June 2024. Payment date: 12 September 2024. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.5%). Annonce • Jun 06
Alpen Co.,Ltd. to Report Fiscal Year 2024 Results on Aug 08, 2024 Alpen Co.,Ltd. announced that they will report fiscal year 2024 results on Aug 08, 2024 Reported Earnings • May 11
Third quarter 2024 earnings released: JP¥21.28 loss per share (vs JP¥5.00 loss in 3Q 2023) Third quarter 2024 results: JP¥21.28 loss per share (further deteriorated from JP¥5.00 loss in 3Q 2023). Revenue: JP¥60.0b (up 2.3% from 3Q 2023). Net loss: JP¥820.0m (loss widened 325% from 3Q 2023). 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 7% per year, which means it has not declined as severely as earnings. Annonce • Mar 13
Alpen Co.,Ltd. to Report Q3, 2024 Results on May 09, 2024 Alpen Co.,Ltd. announced that they will report Q3, 2024 results on May 09, 2024 Reported Earnings • Feb 09
Second quarter 2024 earnings released: EPS: JP¥30.88 (vs JP¥76.61 in 2Q 2023) Second quarter 2024 results: EPS: JP¥30.88 (down from JP¥76.61 in 2Q 2023). Revenue: JP¥63.4b (flat on 2Q 2023). Net income: JP¥1.19b (down 60% from 2Q 2023). Profit margin: 1.9% (down from 4.7% in 2Q 2023). 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 5% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Dec 21
Upcoming dividend of JP¥25.00 per share at 2.6% yield Eligible shareholders must have bought the stock before 28 December 2023. Payment date: 11 March 2024. Payout ratio is a comfortable 38% but the company is not cash flow positive. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.4%). Annonce • Nov 29
Alpen Co.,Ltd. to Report Q2, 2024 Results on Feb 07, 2024 Alpen Co.,Ltd. announced that they will report Q2, 2024 results on Feb 07, 2024 Reported Earnings • Nov 10
First quarter 2024 earnings released: JP¥6.36 loss per share (vs JP¥4.05 profit in 1Q 2023) First quarter 2024 results: JP¥6.36 loss per share (down from JP¥4.05 profit in 1Q 2023). Revenue: JP¥59.0b (up 3.8% from 1Q 2023). Net loss: JP¥245.0m (down 256% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 7% per year. Annonce • Sep 13
Alpen Co.,Ltd. to Report Q1, 2024 Results on Nov 08, 2023 Alpen Co.,Ltd. announced that they will report Q1, 2024 results on Nov 08, 2023 Annonce • Aug 10
Alpen Co.,Ltd., Annual General Meeting, Sep 28, 2023 Alpen Co.,Ltd., Annual General Meeting, Sep 28, 2023. New Risk • Aug 10
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 32% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Reported Earnings • Aug 09
Full year 2023 earnings released: EPS: JP¥141 (vs JP¥136 in FY 2022) Full year 2023 results: EPS: JP¥141 (up from JP¥136 in FY 2022). Revenue: JP¥244.5b (up 5.3% from FY 2022). Net income: JP¥5.47b (up 3.0% from FY 2022). Profit margin: 2.2% (down from 2.3% in FY 2022). Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 3% per year. Upcoming Dividend • Jun 22
Upcoming dividend of JP¥25.00 per share at 2.5% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 12 September 2023. Payout ratio is a comfortable 39% but the company is not cash flow positive. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.3%). Annonce • Jun 07
Alpen Co.,Ltd. to Report Fiscal Year 2023 Results on Aug 08, 2023 Alpen Co.,Ltd. announced that they will report fiscal year 2023 results on Aug 08, 2023 Reported Earnings • May 10
Third quarter 2023 earnings released: JP¥5.00 loss per share (vs JP¥26.46 loss in 3Q 2022) Third quarter 2023 results: JP¥5.00 loss per share (improved from JP¥26.46 loss in 3Q 2022). Revenue: JP¥58.7b (up 10% from 3Q 2022). Net loss: JP¥193.0m (loss narrowed 81% from 3Q 2022). 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 7% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 10
Second quarter 2023 earnings released: EPS: JP¥76.61 (vs JP¥88.88 in 2Q 2022) Second quarter 2023 results: EPS: JP¥76.61 (down from JP¥88.88 in 2Q 2022). Revenue: JP¥63.4b (up 5.0% from 2Q 2022). Net income: JP¥2.97b (down 15% from 2Q 2022). Profit margin: 4.7% (down from 5.8% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 29 December 2022. Payment date: 07 March 2023. Payout ratio is a comfortable 42% but the company is not cash flow positive. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.5%). Annonce • Nov 27
Alpen Co.,Ltd. to Report Q2, 2023 Results on Feb 08, 2023 Alpen Co.,Ltd. announced that they will report Q2, 2023 results on Feb 08, 2023 Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 5 highly experienced directors. No independent directors (10 non-independent directors). President, Executive President & Representative Director Atsushi Mizuno was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Nov 10
First quarter 2023 earnings released: EPS: JP¥4.05 (vs JP¥21.69 in 1Q 2022) First quarter 2023 results: EPS: JP¥4.05 (down from JP¥21.69 in 1Q 2022). Revenue: JP¥56.9b (up 8.2% from 1Q 2022). Net income: JP¥157.0m (down 82% from 1Q 2022). Profit margin: 0.3% (down from 1.6% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Annonce • Nov 09
Alpen Co.,Ltd. (TSE:3028) announces an Equity Buyback for 138,000 shares, representing 0.36% for ¥286.21 million. Alpen Co.,Ltd. (TSE:3028) announces a share repurchase program. Under the program, the company will repurchase up to 138,000 shares, representing 0.36% of its issued share capital (excluding treasury stock), for ¥286.21 million. The shares will be repurchased at a price of ¥2,074 per share. The purpose of the program is to improve capital efficiency and enhance shareholder returns. The program will expire on November 9, 2022. As of June 30, 2022, the company had 38,791,852 shares in issue (excluding treasury stock) and 96,148 shares in treasury. Annonce • Sep 24
Alpen Co.,Ltd. to Report Q1, 2023 Results on Nov 08, 2022 Alpen Co.,Ltd. announced that they will report Q1, 2023 results on Nov 08, 2022 Annonce • Aug 06
Alpen Co.,Ltd., Annual General Meeting, Sep 29, 2022 Alpen Co.,Ltd., Annual General Meeting, Sep 29, 2022. Reported Earnings • Aug 05
Full year 2022 earnings released: EPS: JP¥136 (vs JP¥275 in FY 2021) Full year 2022 results: EPS: JP¥136 (down from JP¥275 in FY 2021). Revenue: JP¥232.3b (flat on FY 2021). Net income: JP¥5.31b (down 51% from FY 2021). Profit margin: 2.3% (down from 4.6% in FY 2021). Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 22
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 29 June 2022. Payment date: 13 September 2022. Payout ratio is a comfortable 34% but the company is paying out more than the cash it is generating. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.7%). Annonce • Jun 10
Alpen Co.,Ltd. to Report Fiscal Year 2022 Results on Aug 04, 2022 Alpen Co.,Ltd. announced that they will report fiscal year 2022 results on Aug 04, 2022 Annonce • May 12
Alpen Co.,Ltd. (TSE:3028) announces an Equity Buyback for 400,000 shares, representing 1.02% for ¥1,000 million. Alpen Co.,Ltd. (TSE:3028) announces a share repurchase program. Under the program, the company will repurchase up to 400,000 shares, representing 1.02% of its issued share capital (excluding treasury stock), for ¥1,000 million. The purpose of the program is to improve capital efficiency and enhance shareholder returns. The repurchased shares will be cancelled. The program will run until May 18, 2022. As of December 31, 2021, the company had 39,192,473 shares in issue (excluding treasury stock) and 95,527 shares in treasury. Reported Earnings • May 11
Third quarter 2022 earnings released: JP¥26.46 loss per share (vs JP¥12.91 profit in 3Q 2021) Third quarter 2022 results: JP¥26.46 loss per share (down from JP¥12.91 profit in 3Q 2021). Revenue: JP¥53.1b (up 4.1% from 3Q 2021). Net loss: JP¥1.04b (down 305% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 5 highly experienced directors. No independent directors (10 non-independent directors). President, Executive President & Representative Director Atsushi Mizuno was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Annonce • Apr 07
Alpen Co.,Ltd. to Report Q3, 2022 Results on May 10, 2022 Alpen Co.,Ltd. announced that they will report Q3, 2022 results on May 10, 2022 Reported Earnings • Feb 04
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Second quarter 2022 results: EPS: JP¥88.87 (down from JP¥114 in 2Q 2021). Revenue: JP¥60.3b (down 3.4% from 2Q 2021). Net income: JP¥3.48b (down 22% from 2Q 2021). Profit margin: 5.8% (down from 7.1% in 2Q 2021). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 08 March 2022. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.5%). Reported Earnings • Nov 05
First quarter 2022 earnings released: EPS JP¥21.69 (vs JP¥86.13 in 1Q 2021) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥52.6b (down 9.5% from 1Q 2021). Net income: JP¥850.0m (down 75% from 1Q 2021). Profit margin: 1.6% (down from 5.8% in 1Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 114% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment improved over the past week After last week's 15% share price gain to JP¥3,540, the stock trades at a trailing P/E ratio of 15.8x. Average trailing P/E is 12x in the Specialty Retail industry in Japan. Total returns to shareholders of 83% over the past three years. Upcoming Dividend • Jun 22
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 29 June 2021. Payment date: 14 September 2021. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (1.3%). Reported Earnings • May 08
Third quarter 2021 earnings released: EPS JP¥12.91 (vs JP¥70.04 loss in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: JP¥51.0b (down 2.1% from 3Q 2020). Net income: JP¥506.0m (up JP¥3.29b from 3Q 2020). Profit margin: 1.0% (up from net loss in 3Q 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Mar 04
New 90-day low: JP¥2,182 The company is down 8.0% from its price of JP¥2,367 on 04 December 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Specialty Retail industry, which is up 8.0% over the same period. Reported Earnings • Feb 06
Second quarter 2021 earnings released: EPS JP¥114 (vs JP¥50.21 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥62.4b (up 9.3% from 2Q 2020). Net income: JP¥4.45b (up 119% from 2Q 2020). Profit margin: 7.1% (up from 3.6% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Upcoming Dividend • Dec 22
Upcoming Dividend of JP¥20.00 Per Share Will be paid on the 10th of March to those who are registered shareholders by the 29th of December. The trailing yield of 1.7% is below the top quartile of Japanese dividend payers (3.0%), but it is higher than industry peers (1.1%). Annonce • Dec 19
Alpen Co.,Ltd. to Report Q2, 2021 Results on Feb 04, 2021 Alpen Co.,Ltd. announced that they will report Q2, 2021 results on Feb 04, 2021 Annonce • Sep 25
Alpen Co.,Ltd. to Report Q1, 2021 Results on Nov 05, 2020 Alpen Co.,Ltd. announced that they will report Q1, 2021 results on Nov 05, 2020