Annuncio • May 12
Mbs Inc to Report Fiscal Year 2026 Results on Jul 13, 2026 Mbs Inc announced that they will report fiscal year 2026 results on Jul 13, 2026 Reported Earnings • Apr 14
Third quarter 2026 earnings released: EPS: JP¥17.60 (vs JP¥16.72 in 3Q 2025) Third quarter 2026 results: EPS: JP¥17.60 (up from JP¥16.72 in 3Q 2025). Revenue: JP¥1.06b (down 6.4% from 3Q 2025). Net income: JP¥122.0m (flat on 3Q 2025). Profit margin: 12% (in line with 3Q 2025). 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 41% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Apr 03
Mbs Inc to Report Q3, 2026 Results on Apr 13, 2026 Mbs Inc announced that they will report Q3, 2026 results on Apr 13, 2026 Reported Earnings • Jan 15
Second quarter 2026 earnings released: EPS: JP¥23.57 (vs JP¥23.56 in 2Q 2025) Second quarter 2026 results: EPS: JP¥23.57. Revenue: JP¥1.26b (down 12% from 2Q 2025). Net income: JP¥165.0m (down 4.1% from 2Q 2025). Profit margin: 13% (up from 12% in 2Q 2025). The increase in margin was driven by lower expenses. Annuncio • Nov 07
Mbs Inc to Report Q2, 2026 Results on Jan 14, 2026 Mbs Inc announced that they will report Q2, 2026 results on Jan 14, 2026 Annuncio • Oct 16
Mbs Inc (TSE:1401) announces an Equity Buyback for 100,000 shares, representing 1.42% for ¥150 million. Mbs Inc (TSE:1401) announces a share repurchase program. Under the program, the company will repurchase up to 100,000 shares, representing 1.42% of its issued share capital (excluding treasury stock), for a total purchase price of ¥150 million. The purpose of the program is to improve capital efficiency and implement a flexible capital policy that responds to changes in the business environment. The program will be valid till November 20, 2025. As of October 16, 2025, the company has 7,031,951 issued shares (excluding treasury stock) and 700,049 treasury shares. Reported Earnings • Oct 15
First quarter 2026 earnings released: EPS: JP¥12.95 (vs JP¥4.76 in 1Q 2025) First quarter 2026 results: EPS: JP¥12.95 (up from JP¥4.76 in 1Q 2025). Revenue: JP¥1.10b (up 36% from 1Q 2025). Net income: JP¥92.0m (up 163% from 1Q 2025). Profit margin: 8.4% (up from 4.3% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Sep 08
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 63% to JP¥1,545. The fair value is estimated to be JP¥1,249, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.5% over the last 3 years. Earnings per share has grown by 13%. Reported Earnings • Sep 02
Full year 2025 earnings released: EPS: JP¥64.92 (vs JP¥53.93 in FY 2024) Full year 2025 results: EPS: JP¥64.92 (up from JP¥53.93 in FY 2024). Revenue: JP¥4.71b (up 8.2% from FY 2024). Net income: JP¥472.0m (up 17% from FY 2024). Profit margin: 10.0% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Aug 02
Mbs Inc to Report Q1, 2026 Results on Oct 14, 2025 Mbs Inc announced that they will report Q1, 2026 results on Oct 14, 2025 Reported Earnings • Jul 16
Full year 2025 earnings released: EPS: JP¥64.92 (vs JP¥53.93 in FY 2024) Full year 2025 results: EPS: JP¥64.92 (up from JP¥53.93 in FY 2024). Revenue: JP¥4.71b (up 8.2% from FY 2024). Net income: JP¥472.0m (up 17% from FY 2024). Profit margin: 10.0% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Jul 14
Mbs Inc, Annual General Meeting, Aug 28, 2025 Mbs Inc, Annual General Meeting, Aug 28, 2025. Buy Or Sell Opportunity • Jun 17
Now 46% overvalued after recent price rise Over the last 90 days, the stock has risen 98% to JP¥1,400. The fair value is estimated to be JP¥956, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.6% over the last 3 years. Earnings per share has grown by 13%. New Risk • Jun 16
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 7.6% 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 Share price has been volatile over the past 3 months (7.6% average weekly change). Market cap is less than US$100m (JP¥7.90b market cap, or US$54.9m). Valuation Update With 7 Day Price Move • Jun 10
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥947, the stock trades at a trailing P/E ratio of 15.3x. Average trailing P/E is 11x in the Consumer Durables industry in Japan. Total returns to shareholders of 101% over the past three years. Annuncio • May 24
Mbs Inc to Report Fiscal Year 2025 Results on Jul 14, 2025 Mbs Inc announced that they will report fiscal year 2025 results on Jul 14, 2025 Upcoming Dividend • May 22
Upcoming dividend of JP¥13.00 per share Eligible shareholders must have bought the stock before 29 May 2025. Payment date: 01 September 2025. The company last paid an ordinary dividend in January 2023. The average dividend yield among industry peers is 1.7%. Annuncio • Apr 16
Mbs Inc (TSE:1401) announces an Equity Buyback for 100,000 shares, representing 1.38% for ¥100 million. Mbs Inc (TSE:1401) announces a share repurchase program. Under the program, the company will repurchase up to 100,000 shares, representing 1.38% of its issued share capital (excluding treasury stock), for a total purchase price of ¥100 million. The purpose of the program is to improve capital efficiency and implement a flexible capital policy that responds to changes in the business environment. The program will be valid till April 15, 2026. As of April 15, 2025, the company had 7,231,994 issued shares (excluding treasury stock) and 500,006 treasury shares. Reported Earnings • Apr 12
Third quarter 2025 earnings released: EPS: JP¥16.72 (vs JP¥12.10 in 3Q 2024) Third quarter 2025 results: EPS: JP¥16.72 (up from JP¥12.10 in 3Q 2024). Revenue: JP¥1.13b (up 12% from 3Q 2024). Net income: JP¥121.0m (up 34% from 3Q 2024). Profit margin: 11% (up from 8.9% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 11% per year. Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥598, the stock trades at a trailing P/E ratio of 10.5x. Average trailing P/E is 11x in the Consumer Durables industry in Japan. Total returns to shareholders of 21% over the past three years. Reported Earnings • Jan 15
Second quarter 2025 earnings released: EPS: JP¥23.56 (vs JP¥15.05 in 2Q 2024) Second quarter 2025 results: EPS: JP¥23.56 (up from JP¥15.05 in 2Q 2024). Revenue: JP¥1.43b (up 30% from 2Q 2024). Net income: JP¥172.0m (up 52% from 2Q 2024). Profit margin: 12% (up from 10% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Nov 08
Mbs Inc to Report Q2, 2025 Results on Jan 15, 2025 Mbs Inc announced that they will report Q2, 2025 results on Jan 15, 2025 New Risk • Nov 06
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 6.9% 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 Share price has been volatile over the past 3 months (6.9% average weekly change). Market cap is less than US$100m (JP¥5.22b market cap, or US$34.0m). Reported Earnings • Oct 18
First quarter 2025 earnings released: EPS: JP¥4.76 (vs JP¥11.15 in 1Q 2024) First quarter 2025 results: EPS: JP¥4.76 (down from JP¥11.15 in 1Q 2024). Revenue: JP¥809.0m (down 22% from 1Q 2024). Net income: JP¥35.0m (down 58% from 1Q 2024). Profit margin: 4.3% (down from 8.1% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 10% per year. Valuation Update With 7 Day Price Move • Oct 17
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥678, the stock trades at a trailing P/E ratio of 12.3x. Average trailing P/E is 12x in the Consumer Durables industry in Japan. Total returns to shareholders of 38% over the past three years. Valuation Update With 7 Day Price Move • Oct 02
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to JP¥846, the stock trades at a trailing P/E ratio of 15.4x. Average trailing P/E is 12x in the Consumer Durables industry in Japan. Total returns to shareholders of 67% over the past three years. Annuncio • Aug 20
Mbs Inc (TSE:1401) announces an Equity Buyback for 100,000 shares, representing 1.36% for ¥100 million. Mbs Inc (TSE:1401) announces a share repurchase program. Under the program, the company will repurchase up to 100,000 shares, representing 1.36% of its issued share capital (excluding treasury stock), for a total purchase price of ¥100 million. The purpose of the program is to improve capital efficiency and implement agile capital policies in response to changes in the business environment. The program will be valid till May 15, 2025. As of August 20, 2024, the company had 7,331,994 issued shares (excluding treasury stock) and 400,006 treasury shares. Annuncio • Aug 14
Mbs Inc to Report Q1, 2025 Results on Oct 15, 2024 Mbs Inc announced that they will report Q1, 2025 results on Oct 15, 2024 Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to JP¥565, the stock trades at a trailing P/E ratio of 10.3x. Average trailing P/E is 12x in the Consumer Durables industry in Japan. Total returns to shareholders of 6.6% over the past three years. Reported Earnings • Jul 16
Full year 2024 earnings released: EPS: JP¥53.93 (vs JP¥42.53 in FY 2023) Full year 2024 results: EPS: JP¥53.93 (up from JP¥42.53 in FY 2023). Revenue: JP¥4.36b (up 8.8% from FY 2023). Net income: JP¥403.0m (up 25% from FY 2023). Profit margin: 9.3% (up from 8.0% in FY 2023). The increase in margin was driven by higher revenue. 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 9% per year, which means it is significantly lagging earnings growth. Annuncio • Jul 13
Mbs Inc, Annual General Meeting, Aug 29, 2024 Mbs Inc, Annual General Meeting, Aug 29, 2024. Upcoming Dividend • May 23
Upcoming dividend of JP¥8.00 per share Eligible shareholders must have bought the stock before 30 May 2024. Payment date: 02 September 2024. Trailing yield: 0.8%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (1.7%). Annuncio • May 23
Mbs Inc to Report Fiscal Year 2024 Results on Jul 12, 2024 Mbs Inc announced that they will report fiscal year 2024 results on Jul 12, 2024 Annuncio • Apr 17
Mbs Inc (TSE:1401) announces an Equity Buyback for 100,000 shares, representing 1.35% for ¥100 million. Mbs Inc (TSE:1401) announces a share repurchase program. Under the program, the company will repurchase up to 100,000 shares, representing 1.35% of its issued share capital (excluding treasury stock), for a total purchase price of ¥100 million. The purpose of the program is to improve capital efficiency and implement agile capital policies in response to changes in the business environment. The program will be valid till May 15, 2025. As of April 15, 2024, the company had 7,432,000 issued shares (excluding treasury stock) and 300,000 treasury shares.
On April 16, 2024, the company corrected the expiry date to April 15, 2025. Reported Earnings • Apr 14
Third quarter 2024 earnings released: EPS: JP¥12.10 (vs JP¥9.27 in 3Q 2023) Third quarter 2024 results: EPS: JP¥12.10 (up from JP¥9.27 in 3Q 2023). Revenue: JP¥1.01b (up 9.9% from 3Q 2023). Net income: JP¥90.0m (up 29% from 3Q 2023). Profit margin: 8.9% (up from 7.6% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Annuncio • Feb 28
Mbs Inc to Report Q3, 2024 Results on Apr 12, 2024 Mbs Inc announced that they will report Q3, 2024 results on Apr 12, 2024 Valuation Update With 7 Day Price Move • Jan 30
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥744, the stock trades at a trailing P/E ratio of 13.5x. Average trailing P/E is 11x in the Consumer Durables industry in Japan. Total returns to shareholders of 23% over the past three years. Reported Earnings • Jan 16
Second quarter 2024 earnings released: EPS: JP¥15.05 (vs JP¥11.61 in 2Q 2023) Second quarter 2024 results: EPS: JP¥15.05 (up from JP¥11.61 in 2Q 2023). Revenue: JP¥1.11b (up 2.8% from 2Q 2023). Net income: JP¥113.0m (up 28% from 2Q 2023). Profit margin: 10% (up from 8.2% in 2Q 2023). 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 1% per year, which means it is significantly lagging earnings. Annuncio • Nov 03
Mbs Inc to Report Q2, 2024 Results on Jan 12, 2024 Mbs Inc announced that they will report Q2, 2024 results on Jan 12, 2024 Annuncio • Oct 21
Mbs Inc (TSE:1401) announces an Equity Buyback for 100,000 shares, representing 1.33% for ¥100 million. Mbs Inc (TSE:1401) announces a share repurchase program. Under the program, the company will repurchase up to 100,000 shares, representing 1.33% of its issued share capital (excluding treasury stock), for a total purchase price of ¥100 million. The purpose of the program is to improve capital efficiency and implement agile capital policies in response to changes in the business environment. The program will be valid till May 24, 2024. As of October 20, 2023, the company had 7,532,000 issued shares (excluding treasury stock) and 200,000 treasury shares. Reported Earnings • Oct 15
First quarter 2024 earnings released: EPS: JP¥11.15 (vs JP¥2.49 in 1Q 2023) First quarter 2024 results: EPS: JP¥11.15 (up from JP¥2.49 in 1Q 2023). Revenue: JP¥1.04b (up 48% from 1Q 2023). Net income: JP¥84.0m (up 342% from 1Q 2023). Profit margin: 8.1% (up from 2.7% in 1Q 2023). 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 8% per year, which means it is significantly lagging earnings. Reported Earnings • Sep 05
Full year 2023 earnings released: EPS: JP¥42.53 (vs JP¥42.27 in FY 2022) Full year 2023 results: EPS: JP¥42.53. Revenue: JP¥4.00b (flat on FY 2022). Net income: JP¥322.0m (flat on FY 2022). Profit margin: 8.0% (down from 8.1% in FY 2022). Annuncio • Aug 20
Mbs Inc to Report Q1, 2024 Results on Oct 13, 2023 Mbs Inc announced that they will report Q1, 2024 results on Oct 13, 2023 Reported Earnings • Jul 17
Full year 2023 earnings released: EPS: JP¥42.53 (vs JP¥42.27 in FY 2022) Full year 2023 results: EPS: JP¥42.53. Revenue: JP¥4.00b (flat on FY 2022). Net income: JP¥322.0m (flat on FY 2022). Profit margin: 8.0% (down from 8.1% in FY 2022). Annuncio • Jul 16
Mbs Inc, Annual General Meeting, Aug 30, 2023 Mbs Inc, Annual General Meeting, Aug 30, 2023. Annuncio • May 26
Mbs Inc to Report Fiscal Year 2023 Results on Jul 14, 2023 Mbs Inc announced that they will report fiscal year 2023 results on Jul 14, 2023 Upcoming Dividend • May 23
Upcoming dividend of JP¥6.00 per share at 1.2% yield Eligible shareholders must have bought the stock before 30 May 2023. Payment date: 31 August 2023. Trailing yield: 1.2%. Lower than top quartile of Japanese dividend payers (3.5%). Lower than average of industry peers (1.6%). Reported Earnings • Apr 15
Third quarter 2023 earnings released: EPS: JP¥9.27 (vs JP¥7.94 in 3Q 2022) Third quarter 2023 results: EPS: JP¥9.27 (up from JP¥7.94 in 3Q 2022). Revenue: JP¥922.0m (down 1.6% from 3Q 2022). Net income: JP¥70.0m (up 15% from 3Q 2022). Profit margin: 7.6% (up from 6.5% in 3Q 2022). The increase in margin was driven by lower expenses. 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 10% per year, which means it is significantly lagging earnings. Reported Earnings • Jan 14
Second quarter 2023 earnings released: EPS: JP¥11.61 (vs JP¥11.29 in 2Q 2022) Second quarter 2023 results: EPS: JP¥11.61 (up from JP¥11.29 in 2Q 2022). Revenue: JP¥1.08b (up 4.6% from 2Q 2022). Net income: JP¥88.0m (up 1.1% from 2Q 2022). Profit margin: 8.2% (down from 8.5% 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 8% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. 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. 2 experienced directors. 6 highly experienced directors. No independent directors (7 non-independent directors). Chief of Corporate Planning & Director Masaki Kuriyama was the last director to join the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Annuncio • Nov 13
Mbs Inc to Report Q2, 2023 Results on Jan 13, 2023 Mbs Inc announced that they will report Q2, 2023 results on Jan 13, 2023 Reported Earnings • Oct 15
First quarter 2023 earnings released: EPS: JP¥2.49 (vs JP¥0.26 in 1Q 2022) First quarter 2023 results: EPS: JP¥2.49 (up from JP¥0.26 in 1Q 2022). Revenue: JP¥700.0m (up 7.0% from 1Q 2022). Net income: JP¥19.0m (up JP¥17.0m from 1Q 2022). Profit margin: 2.7% (up from 0.3% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Reported Earnings • Sep 04
Full year 2022 earnings released: EPS: JP¥42.27 (vs JP¥37.12 in FY 2021) Full year 2022 results: EPS: JP¥42.27 (up from JP¥37.12 in FY 2021). Revenue: JP¥4.03b (up 17% from FY 2021). Net income: JP¥325.0m (up 13% from FY 2021). Profit margin: 8.1% (down from 8.3% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings. Annuncio • Jul 16
Mbs Inc (TSE:1401) announces an Equity Buyback for 100,000 shares, representing 1.31% for ¥100 million. Mbs Inc (TSE:1401) announces a share repurchase program. Under the program, the company will repurchase up to 100,000 shares, representing 1.31% of its issued share capital (excluding treasury stock), for a total purchase price of ¥100 million. The purpose of the program is to improve capital efficiency and implement agile capital policies in response to changes in the business environment. The program will be valid till May 20, 2023. As of July 15, 2022, the company had 7,632,000 issued shares (excluding treasury stock) and 100,000 treasury shares Annuncio • Jul 15
Mbs Inc, Annual General Meeting, Aug 30, 2022 Mbs Inc, Annual General Meeting, Aug 30, 2022. Reported Earnings • Jul 15
Full year 2022 earnings released: EPS: JP¥42.27 (vs JP¥37.12 in FY 2021) Full year 2022 results: EPS: JP¥42.27 (up from JP¥37.12 in FY 2021). Revenue: JP¥4.03b (up 17% from FY 2021). Net income: JP¥325.0m (up 13% from FY 2021). Profit margin: 8.1% (down from 8.3% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 18% per year, which means it is performing significantly worse than earnings. Annuncio • May 26
Mbs Inc to Report Fiscal Year 2022 Results on Jul 13, 2022 Mbs Inc announced that they will report fiscal year 2022 results on Jul 13, 2022 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. 2 experienced directors. 6 highly experienced directors. No independent directors (7 non-independent directors). Chief of Corporate Planning & Director Masaki Kuriyama was the last director to join the board, commencing their role in 2011. 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 • Apr 14
Third quarter 2022 earnings released: EPS: JP¥7.94 (vs JP¥14.10 in 3Q 2021) Third quarter 2022 results: EPS: JP¥7.94 (down from JP¥14.10 in 3Q 2021). Revenue: JP¥937.0m (up 47% from 3Q 2021). Net income: JP¥61.0m (down 44% from 3Q 2021). Profit margin: 6.5% (down from 17% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 20% per year, which means it is performing significantly worse than earnings. Annuncio • Feb 16
Mbs Inc to Report Q3, 2022 Results on Apr 13, 2022 Mbs Inc announced that they will report Q3, 2022 results on Apr 13, 2022 Reported Earnings • Jan 14
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Second quarter 2022 results: EPS: JP¥11.29 (up from JP¥6.98 in 2Q 2021). Revenue: JP¥1.03b (up 30% from 2Q 2021). Net income: JP¥87.0m (up 61% from 2Q 2021). Profit margin: 8.5% (up from 6.8% in 2Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 23% per year, which means it is performing significantly worse than earnings. Reported Earnings • Oct 14
First quarter 2022 earnings released: EPS JP¥0.26 (vs JP¥0.13 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥654.0m (up 25% from 1Q 2021). Net income: JP¥2.00m (up 100% from 1Q 2021). Profit margin: 0.3% (up from 0.2% in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 27% per year, which means it is performing significantly worse than earnings. Reported Earnings • Jul 16
Full year 2021 earnings released: EPS JP¥37.12 (vs JP¥31.07 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥3.44b (up 2.8% from FY 2020). Net income: JP¥287.0m (up 26% from FY 2020). Profit margin: 8.3% (up from 6.8% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 28% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Jul 14
Investor sentiment improved over the past week After last week's 21% share price gain to JP¥634, the stock trades at a trailing P/E ratio of 23.8x. Average trailing P/E is 12x in the Consumer Durables industry in Japan. Total loss to shareholders of 58% over the past three years. Reported Earnings • Apr 16
Third quarter 2021 earnings released: EPS JP¥14.10 (vs JP¥7.81 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¥636.0m (down 20% from 3Q 2020). Net income: JP¥109.0m (up 91% from 3Q 2020). Profit margin: 17% (up from 7.2% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 12% per year, which means it is performing significantly worse than earnings. Annuncio • Feb 19
Mbs Inc to Report Q3, 2021 Results on Apr 13, 2021 Mbs Inc announced that they will report Q3, 2021 results on Apr 13, 2021 Reported Earnings • Jan 15
Second quarter 2021 earnings released: EPS JP¥6.98 The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥790.0m (down 23% from 2Q 2020). Net income: JP¥54.0m (down 47% from 2Q 2020). Profit margin: 6.8% (down from 10.0% in 2Q 2020). The decrease in margin was driven by lower revenue. 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. Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment improved over the past week After last week's 18% share price gain to JP¥709, the stock is trading at a trailing P/E ratio of 26.4x, up from the previous P/E ratio of 22.4x. This compares to an average P/E of 13x in the Consumer Durables industry in Japan. Total return to shareholders over the past three years is a loss of 11%. Is New 90 Day High Low • Dec 22
New 90-day low: JP¥595 The company is down 16% from its price of JP¥712 on 23 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 18% over the same period. Annuncio • Nov 20
Mbs Inc to Report Q2, 2021 Results on Jan 13, 2021 Mbs Inc announced that they will report Q2, 2021 results on Jan 13, 2021 Annuncio • Aug 31
Mbs Inc to Report Q1, 2021 Results on Oct 14, 2020 Mbs Inc announced that they will report Q1, 2021 results on Oct 14, 2020