Reported Earnings • Jun 27
First quarter 2027 earnings released: JP¥6.59 loss per share (vs JP¥0.12 profit in 1Q 2026) First quarter 2027 results: JP¥6.59 loss per share (down from JP¥0.12 profit in 1Q 2026). Revenue: JP¥59.7b (flat on 1Q 2026). Net loss: JP¥268.0m (down JP¥273.0m from profit in 1Q 2026). Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance. Declared Dividend • Jun 17
Final dividend of JP¥13.00 announced Dividend of JP¥13.00 is the same as last year. Ex-date: 19th August 2026 Payment date: 15th October 2026 Dividend yield will be 3.3%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is covered by cash flows (57% cash payout ratio). The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. Major Estimate Revision • May 21
Consensus EPS estimates fall by 45% The consensus outlook for earnings per share (EPS) in fiscal year 2027 has deteriorated. 2027 revenue forecast decreased from JP¥264.9b to JP¥256.6b. EPS estimate also fell from JP¥10.30 per share to JP¥5.70 per share. Net income forecast to shrink 13% next year vs 4.1% growth forecast for Consumer Retailing industry in Japan . Consensus price target down from JP¥900 to JP¥800. Share price was steady at JP¥779 over the past week. Reported Earnings • Apr 07
Full year 2026 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2026 results: EPS: JP¥6.43 (up from JP¥55.87 loss in FY 2025). Revenue: JP¥252.7b (up 1.0% from FY 2025). Net income: JP¥264.0m (up JP¥2.65b from FY 2025). Profit margin: 0.1% (up from net loss in FY 2025). Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) exceeded analyst estimates by 17%. Revenue is forecast to grow 3.7% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance. New Risk • Apr 07
New major risk - Revenue and earnings growth Earnings have declined by 69% 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 69% per year over the past 5 years. Annuncio • Apr 07
Okuwa Co., Ltd., Annual General Meeting, May 15, 2026 Okuwa Co., Ltd., Annual General Meeting, May 15, 2026. Annuncio • Apr 02
Okuwa Co., Ltd. to Report Fiscal Year 2026 Results on Apr 06, 2026 Okuwa Co., Ltd. announced that they will report fiscal year 2026 results on Apr 06, 2026 Upcoming Dividend • Feb 12
Upcoming dividend of JP¥13.00 per share Eligible shareholders must have bought the stock before 19 February 2026. Payment date: 14 May 2026. The company is not currently making a profit and is not cash flow positive. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.5%). Reported Earnings • Dec 27
Third quarter 2026 earnings released: JP¥1.45 loss per share (vs JP¥4.78 loss in 3Q 2025) Third quarter 2026 results: JP¥1.45 loss per share (improved from JP¥4.78 loss in 3Q 2025). Revenue: JP¥62.0b (up 1.4% from 3Q 2025). Net loss: JP¥59.0m (loss narrowed 71% from 3Q 2025). Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 98 percentage points per year, which is a significant difference in performance. Annuncio • Nov 03
Okuwa Co., Ltd. to Report Q3, 2026 Results on Dec 26, 2025 Okuwa Co., Ltd. announced that they will report Q3, 2026 results on Dec 26, 2025 Declared Dividend • Oct 16
First half dividend of JP¥13.00 announced Dividend of JP¥13.00 is the same as last year. Ex-date: 19th February 2026 Payment date: 14th May 2026 Dividend yield will be 3.0%, which is higher than the industry average of 1.6%. 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 remained flat since 10 years ago. However, payments have been volatile during that time. Reported Earnings • Oct 02
Second quarter 2026 earnings released: EPS: JP¥5.91 (vs JP¥3.33 in 2Q 2025) Second quarter 2026 results: EPS: JP¥5.91 (up from JP¥3.33 in 2Q 2025). Revenue: JP¥64.4b (flat on 2Q 2025). Net income: JP¥243.0m (up 70% from 2Q 2025). Profit margin: 0.4% (up from 0.2% in 2Q 2025). Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Aug 12
Upcoming dividend of JP¥13.00 per share Eligible shareholders must have bought the stock before 19 August 2025. Payment date: 16 October 2025. The company is not currently making a profit and is not cash flow positive. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.6%). Annuncio • Jul 26
Okuwa Co., Ltd. to Report Q2, 2026 Results on Sep 30, 2025 Okuwa Co., Ltd. announced that they will report Q2, 2026 results on Sep 30, 2025 Reported Earnings • Jun 29
First quarter 2026 earnings released: EPS: JP¥0.12 (vs JP¥1.28 loss in 1Q 2025) First quarter 2026 results: EPS: JP¥0.12 (up from JP¥1.28 loss in 1Q 2025). Revenue: JP¥60.0b (up 2.3% from 1Q 2025). Net income: JP¥5.00m (up JP¥61.0m from 1Q 2025). Profit margin: 0% (up from net loss in 1Q 2025). Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance. Declared Dividend • Jun 21
Final dividend of JP¥13.00 announced Dividend of JP¥13.00 is the same as last year. Ex-date: 19th August 2025 Payment date: 16th October 2025 Dividend yield will be 2.7%, which is higher than the industry average of 1.6%. 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 remained flat since 10 years ago. However, payments have been volatile during that time. Annuncio • Apr 29
Okuwa Co., Ltd. to Report Q1, 2026 Results on Jun 27, 2025 Okuwa Co., Ltd. announced that they will report Q1, 2026 results on Jun 27, 2025 Reported Earnings • Apr 02
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: JP¥55.87 loss per share (down from JP¥22.79 profit in FY 2024). Revenue: JP¥250.2b (up 1.1% from FY 2024). Net loss: JP¥2.38b (down 338% from profit in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 2.3% p.a. on average during the next 2 years, compared to a 3.4% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Annuncio • Apr 01
Okuwa Co., Ltd., Annual General Meeting, May 13, 2025 Okuwa Co., Ltd., Annual General Meeting, May 13, 2025. Annuncio • Mar 25
Okuwa Co., Ltd. (TSE:8217) announces an Equity Buyback for 1,400,000 shares, representing 3.35% for ¥1,000 million. Okuwa Co., Ltd. (TSE:8217) announces a share repurchase program. Under the program, the company will repurchase up to 1,400,000 shares, representing 3.35% of its total shares outstanding excluding treasury shares, for a total of ¥1,000 million. The purpose of repurchase program is to increase the shareholder value. The repurchase program is valid till April 1, 2026. As of February 20, 2025, the company had 41,743,060 shares outstanding excluding treasury shares and had 194,237 shares in treasury. Upcoming Dividend • Feb 12
Upcoming dividend of JP¥13.00 per share Eligible shareholders must have bought the stock before 19 February 2025. Payment date: 16 May 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.6%). Annuncio • Feb 03
Okuwa Co., Ltd. to Report Fiscal Year 2025 Results on Apr 01, 2025 Okuwa Co., Ltd. announced that they will report fiscal year 2025 results on Apr 01, 2025 Reported Earnings • Dec 28
Third quarter 2025 earnings released: JP¥4.78 loss per share (vs JP¥5.99 profit in 3Q 2024) Third quarter 2025 results: JP¥4.78 loss per share (down from JP¥5.99 profit in 3Q 2024). Revenue: JP¥61.2b (flat on 3Q 2024). Net loss: JP¥201.0m (down 176% from profit in 3Q 2024). Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has fallen by 43% 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. Major Estimate Revision • Dec 13
Consensus EPS estimates fall by 55% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from JP¥255.9b to JP¥250.5b. EPS estimate also fell from JP¥28.10 per share to JP¥12.70 per share. Net income forecast to shrink 16% next year vs 11% growth forecast for Consumer Retailing industry in Japan . Consensus price target of JP¥850 unchanged from last update. Share price fell 2.4% to JP¥914 over the past week. Annuncio • Oct 27
Okuwa Co., Ltd. to Report Q3, 2025 Results on Dec 27, 2024 Okuwa Co., Ltd. announced that they will report Q3, 2025 results on Dec 27, 2024 Declared Dividend • Oct 17
First half dividend of JP¥13.00 announced Dividend of JP¥13.00 is the same as last year. Ex-date: 19th February 2025 Payment date: 16th May 2025 Dividend yield will be 2.9%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is not covered by earnings (247% earnings payout ratio) nor is it covered by cash flows (dividend approximately 40x free cash flows). The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 175% to bring the payout ratio under control. EPS is expected to grow by 92% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Reported Earnings • Oct 02
Second quarter 2025 earnings released: EPS: JP¥3.33 (vs JP¥10.12 in 2Q 2024) Second quarter 2025 results: EPS: JP¥3.33 (down from JP¥10.12 in 2Q 2024). Revenue: JP¥63.9b (flat on 2Q 2024). Net income: JP¥143.0m (down 68% from 2Q 2024). Profit margin: 0.2% (down from 0.7% in 2Q 2024). Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Aug 12
Upcoming dividend of JP¥13.00 per share Eligible shareholders must have bought the stock before 19 August 2024. Payment date: 18 October 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.9%). Higher than average of industry peers (1.8%). Annuncio • Jul 31
Okuwa Co., Ltd. to Report Q2, 2025 Results on Oct 01, 2024 Okuwa Co., Ltd. announced that they will report Q2, 2025 results on Oct 01, 2024 Annuncio • Jul 03
Okuwa Co., Ltd. Provides Consolidated Earnings Guidance for the First Half and Full Year of Fiscal Year Ending February 20, 2025 Okuwa Co., Ltd. provided consolidated earnings guidance for the first half and full year of fiscal year ending February 20, 2025. For the first half, the company expects operating income of JPY 126,500 million, operating profit of JPY 1,050 million, profit attributable to owners of parent of JPY 500 million and basic earnings per share of JPY 11.44. For the full year, the company expects operating income of JPY 259,000 million, operating profit of JPY 3,500 million, profit attributable to owners of parent of JPY 1,200 million and basic earnings per share of JPY 27.46. Reported Earnings • Jun 28
First quarter 2025 earnings released: JP¥1.28 loss per share (vs JP¥1.03 loss in 1Q 2024) First quarter 2025 results: JP¥1.28 loss per share (further deteriorated from JP¥1.03 loss in 1Q 2024). Revenue: JP¥58.7b (flat on 1Q 2024). Net loss: JP¥56.0m (loss widened 24% from 1Q 2024). Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has fallen by 54% 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. Declared Dividend • Jun 06
Final dividend of JP¥13.00 announced Dividend of JP¥13.00 is the same as last year. Ex-date: 19th August 2024 Payment date: 18th October 2024 Dividend yield will be 2.8%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is not covered by earnings (143% earnings payout ratio). However, it is covered by cash flows (58% cash payout ratio). The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 59% to bring the payout ratio under control. EPS is expected to grow by 47% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Annuncio • Apr 29
Okuwa Co., Ltd. to Report Q1, 2025 Results on Jun 27, 2024 Okuwa Co., Ltd. announced that they will report Q1, 2025 results on Jun 27, 2024 Annuncio • Apr 04
Okuwa Co., Ltd., Annual General Meeting, May 15, 2024 Okuwa Co., Ltd., Annual General Meeting, May 15, 2024. Reported Earnings • Apr 03
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: JP¥22.79 (up from JP¥21.15 in FY 2023). Revenue: JP¥247.4b (flat on FY 2023). Net income: JP¥1.00b (up 7.8% from FY 2023). Profit margin: 0.4% (in line with FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 18%. Revenue is forecast to grow 1.8% p.a. on average during the next 2 years, compared to a 2.6% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance. Valuation Update With 7 Day Price Move • Mar 29
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥992, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 16x in the Consumer Retailing industry in Japan. Total loss to shareholders of 11% over the past three years. Annuncio • Mar 27
Okuwa Co., Ltd. (TSE:8217) announces an Equity Buyback for 2,200,000 shares, representing 5.01% for ¥2,000 million. Okuwa Co., Ltd. (TSE:8217) announces a share repurchase program. Under the program, the company will repurchase up to 2,200,000 shares, representing 5.01% of its total shares outstanding excluding treasury shares, for a total of ¥2,000 million. The purpose of repurchase program is to increase the shareholder value. The repurchase program is valid till April 2, 2025. As of February 20, 2024, the company had 43,892,066 shares outstanding excluding treasury shares and had 1,345,231 shares in treasury. Upcoming Dividend • Feb 12
Upcoming dividend of JP¥13.00 per share at 2.9% yield Eligible shareholders must have bought the stock before 19 February 2024. Payment date: 17 May 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.6%). Annuncio • Jan 12
Okuwa Co., Ltd. Announces Dividend for the Second Quarter of Fiscal Year Ending February 20, 2024 and Provides Dividend Guidance for the Fiscal Year Ending February 20, 2024 Okuwa Co., Ltd. announced the dividend of JPY 13.00 per share for the second quarter of Fiscal year ending February 20, 2024 against JPY 13.00 per share a year ago.The Company provided dividend guidance for the Fiscal year ending February 20, 2024. For the year, the company expects dividend of JPY 13.00 per share against JPY 13.00 per share a year ago. Reported Earnings • Dec 28
Third quarter 2024 earnings released: EPS: JP¥5.99 (vs JP¥3.62 in 3Q 2023) Third quarter 2024 results: EPS: JP¥5.99 (up from JP¥3.62 in 3Q 2023). Revenue: JP¥61.1b (flat on 3Q 2023). Net income: JP¥263.0m (up 65% from 3Q 2023). Profit margin: 0.4% (up from 0.3% in 3Q 2023). Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 52 percentage points per year, which is a significant difference in performance. Major Estimate Revision • Nov 03
Consensus EPS estimates increase by 16% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from JP¥23.92 to JP¥27.80. Revenue forecast steady at JP¥249.4b. Net income forecast to grow 76% next year vs 9.9% growth forecast for Consumer Retailing industry in Japan. Consensus price target of JP¥850 unchanged from last update. Share price was steady at JP¥844 over the past week. Annuncio • Nov 01
Okuwa Co., Ltd. to Report Q3, 2024 Results on Dec 27, 2023 Okuwa Co., Ltd. announced that they will report Q3, 2024 results on Dec 27, 2023 Reported Earnings • Oct 05
Second quarter 2024 earnings released: EPS: JP¥10.12 (vs JP¥9.85 in 2Q 2023) Second quarter 2024 results: EPS: JP¥10.12 (up from JP¥9.85 in 2Q 2023). Revenue: JP¥63.3b (up 1.2% from 2Q 2023). Net income: JP¥444.0m (up 2.8% from 2Q 2023). Profit margin: 0.7% (in line with 2Q 2023). Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 47 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Aug 10
Upcoming dividend of JP¥13.00 per share at 3.0% yield Eligible shareholders must have bought the stock before 17 August 2023. Payment date: 18 October 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.6%). Annuncio • Jul 31
Okuwa Co., Ltd. to Report Q2, 2024 Results on Oct 03, 2023 Okuwa Co., Ltd. announced that they will report Q2, 2024 results on Oct 03, 2023 Reported Earnings • Jun 27
First quarter 2024 earnings released: JP¥1.03 loss per share (vs JP¥4.63 profit in 1Q 2023) First quarter 2024 results: JP¥1.03 loss per share (down from JP¥4.63 profit in 1Q 2023). Revenue: JP¥58.2b (flat on 1Q 2023). Net loss: JP¥45.0m (down 122% from profit in 1Q 2023). Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Apr 11
Consensus EPS estimates fall by 30% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from JP¥34.19 to JP¥23.93 per share. Revenue forecast steady at JP¥250.0b. Net income forecast to grow 13% next year vs 8.4% growth forecast for Consumer Retailing industry in Japan. Consensus price target down from JP¥900 to JP¥850. Share price was steady at JP¥844 over the past week. Reported Earnings • Apr 04
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: JP¥21.15 (down from JP¥34.73 in FY 2022). Revenue: JP¥246.9b (down 7.4% from FY 2022). Net income: JP¥928.0m (down 39% from FY 2022). Profit margin: 0.4% (down from 0.6% in FY 2022). Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 3.3%. Revenue is forecast to grow 1.0% p.a. on average during the next 2 years, compared to a 1.6% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Feb 10
Upcoming dividend of JP¥13.00 per share at 2.9% yield Eligible shareholders must have bought the stock before 17 February 2023. Payment date: 15 May 2023. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%). Annuncio • Jan 29
Okuwa Co., Ltd. to Report Q4, 2023 Results on Apr 03, 2023 Okuwa Co., Ltd. announced that they will report Q4, 2023 results on Apr 03, 2023 Reported Earnings • Dec 28
Third quarter 2023 earnings released: EPS: JP¥3.62 (vs JP¥9.60 in 3Q 2022) Third quarter 2023 results: EPS: JP¥3.62 (down from JP¥9.60 in 3Q 2022). Revenue: JP¥60.9b (down 6.6% from 3Q 2022). Net income: JP¥159.0m (down 62% from 3Q 2022). Profit margin: 0.3% (down from 0.6% in 3Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 2.1% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has fallen by 14% per year whereas the company’s share price has fallen by 15% per year. 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. 7 highly experienced directors. No independent directors (11 non-independent directors). MD, Exec. Officer, GM of Food Div., Head of Logistics Business & Quality Mgmt. Office & Director Shozo Yoshida was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Major Estimate Revision • Oct 14
Consensus forecasts updated The consensus outlook for 2023 has been updated. 2023 EPS estimate fell from JP¥30.77 to JP¥20.51 per share. Revenue forecast steady at JP¥244.0b. Net income forecast to grow 67% next year vs 7.3% growth forecast for Consumer Retailing industry in Japan. Consensus price target of JP¥900 unchanged from last update. Share price rose 2.2% to JP¥925 over the past week. Reported Earnings • Oct 05
Second quarter 2023 earnings released: EPS: JP¥9.85 (vs JP¥20.46 in 2Q 2022) Second quarter 2023 results: EPS: JP¥9.85 (down from JP¥20.46 in 2Q 2022). Revenue: JP¥62.5b (down 8.9% from 2Q 2022). Net income: JP¥432.0m (down 52% from 2Q 2022). Profit margin: 0.7% (down from 1.3% in 2Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 2.4% growth forecast for the Consumer Retailing industry in Japan. 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 11% per year, which means it is significantly lagging earnings. Upcoming Dividend • Aug 11
Upcoming dividend of JP¥13.00 per share Eligible shareholders must have bought the stock before 18 August 2022. Payment date: 19 October 2022. Payout ratio is on the higher end at 97%, and the cash payout ratio is above 100%. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%). Annuncio • Aug 04
Okuwa Co., Ltd. to Report Q2, 2023 Results on Oct 03, 2022 Okuwa Co., Ltd. announced that they will report Q2, 2023 results on Oct 03, 2022 Major Estimate Revision • Jul 04
Consensus EPS estimates fall by 18% The consensus outlook for earnings per share (EPS) in 2023 has deteriorated. 2023 revenue forecast decreased from JP¥248.0b to JP¥245.0b. EPS estimate also fell from JP¥37.63 per share to JP¥30.77 per share. Net income forecast to grow 25% next year vs 7.6% growth forecast for Consumer Retailing industry in Japan. Consensus price target down from JP¥950 to JP¥900. Share price fell 4.4% to JP¥840 over the past week. Reported Earnings • Jun 29
First quarter 2023 earnings released: EPS: JP¥4.63 (vs JP¥12.57 in 1Q 2022) First quarter 2023 results: EPS: JP¥4.63 (down from JP¥12.57 in 1Q 2022). Revenue: JP¥58.1b (down 9.7% from 1Q 2022). Net income: JP¥203.0m (down 63% from 1Q 2022). Profit margin: 0.3% (down from 0.9% in 1Q 2022). Over the next year, revenue is expected to shrink by 4.4% compared to a 14% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Annuncio • May 15
Okuwa Co., Ltd. to Report Q1, 2023 Results on Jun 27, 2022 Okuwa Co., Ltd. announced that they will report Q1, 2023 results on Jun 27, 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. 6 experienced directors. 6 highly experienced directors. No independent directors (11 non-independent directors). MD, Exec. Officer, GM of Food Div., Head of Logistics Business & Quality Mgmt. Office & Director Shozo Yoshida was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Major Estimate Revision • Apr 11
Consensus EPS estimates fall by 42% The consensus outlook for earnings per share (EPS) in 2023 has deteriorated. 2023 revenue forecast decreased from JP¥265.0b to JP¥248.0b. EPS estimate also fell from JP¥64.99 per share to JP¥37.63 per share. Net income forecast to grow 8.3% next year vs 9.4% growth forecast for Consumer Retailing industry in Japan. Consensus price target down from JP¥1,000 to JP¥950. Share price fell 5.3% to JP¥872 over the past week. Annuncio • Apr 08
Okuwa Co., Ltd., Annual General Meeting, May 12, 2022 Okuwa Co., Ltd., Annual General Meeting, May 12, 2022. Reported Earnings • Apr 06
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: EPS: JP¥34.73 (down from JP¥86.37 in FY 2021). Revenue: JP¥266.5b (down 4.5% from FY 2021). Net income: JP¥1.52b (down 60% from FY 2021). Profit margin: 0.6% (down from 1.4% in FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 35%. Over the next year, revenue is forecast to stay flat compared to a 15% growth forecast for the retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Upcoming Dividend • Feb 10
Upcoming dividend of JP¥13.00 per share Eligible shareholders must have bought the stock before 17 February 2022. Payment date: 14 May 2022. Payout ratio is a comfortable 40% but the company is paying out more than the cash it is generating. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.6%). Annuncio • Jan 30
Okuwa Co., Ltd. to Report Q4, 2022 Results on Apr 04, 2022 Okuwa Co., Ltd. announced that they will report Q4, 2022 results on Apr 04, 2022 Reported Earnings • Dec 28
Third quarter 2022 earnings: EPS exceeds analyst expectations Third quarter 2022 results: EPS: JP¥9.60 (down from JP¥9.63 in 3Q 2021). Revenue: JP¥65.2b (down 3.2% from 3Q 2021). Net income: JP¥421.0m (flat on 3Q 2021). Profit margin: 0.6% (in line with 3Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.2%. Earnings per share (EPS) surpassed analyst estimates by 5.2%. Over the next year, revenue is forecast to stay flat compared to a 27% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 05
Second quarter 2022 earnings released: EPS JP¥20.46 (vs JP¥27.74 in 2Q 2021) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥68.6b (down 3.8% from 2Q 2021). Net income: JP¥897.0m (down 26% from 2Q 2021). Profit margin: 1.3% (down from 1.7% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Upcoming Dividend • Aug 12
Upcoming dividend of JP¥13.00 per share Eligible shareholders must have bought the stock before 19 August 2021. Payment date: 20 October 2021. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (1.5%).