Annuncio • May 30
H2O Retailing Corporation to Report Q1, 2027 Results on Aug 04, 2026 H2O Retailing Corporation announced that they will report Q1, 2027 results on Aug 04, 2026 Reported Earnings • May 13
Full year 2026 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2026 results: EPS: JP¥254 (down from JP¥296 in FY 2025). Revenue: JP¥680.2b (flat on FY 2025). Net income: JP¥30.0b (down 14% from FY 2025). Profit margin: 4.4% (down from 5.1% in FY 2025). Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) exceeded analyst estimates by 21%. Revenue is forecast to grow 3.2% p.a. on average during the next 2 years, compared to a 5.2% growth forecast for the Consumer Retailing 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 increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • May 13
H2O Retailing Corporation (TSE:8242) announces an Equity Buyback for 6,000,000 shares, representing 5.22% for ¥10,700 million. H2O Retailing Corporation (TSE:8242) announces a share repurchase program. Under the program, the company will repurchase up to 6,000,000 shares, representing 5.22% of its issued share capital (excluding treasury stock), for a total purchase price of ¥10,700 million. The shares will be repurchased as a part of company's shareholder return plan Medium-term Management Plan (FY2025-FY2027). The program is valid till March 31, 2027. As of April 30, 2026, the company has 115,003,320 issued shares (excluding treasury stock) and 10,198,076 treasury shares. Annuncio • May 12
H2O Retailing Corporation, Annual General Meeting, Jun 24, 2026 H2O Retailing Corporation, Annual General Meeting, Jun 24, 2026. Annuncio • Apr 21
H2O Retailing Corporation to Report Fiscal Year 2026 Results on May 12, 2026 H2O Retailing Corporation announced that they will report fiscal year 2026 results on May 12, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥22.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 04 June 2026. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%). Reported Earnings • Feb 05
Third quarter 2026 earnings released: EPS: JP¥190 (vs JP¥85.54 in 3Q 2025) Third quarter 2026 results: EPS: JP¥190 (up from JP¥85.54 in 3Q 2025). Revenue: JP¥182.8b (flat on 3Q 2025). Net income: JP¥22.1b (up 113% from 3Q 2025). Profit margin: 12% (up from 5.7% in 3Q 2025). Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Consumer Retailing 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 increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Nov 29
First half dividend of JP¥22.00 announced Shareholders will receive a dividend of JP¥22.00. Ex-date: 30th March 2026 Payment date: 4th June 2026 Dividend yield will be 2.0%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is well covered by both earnings (18% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 5.8% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 58% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annuncio • Nov 29
H2O Retailing Corporation to Report Q3, 2026 Results on Feb 04, 2026 H2O Retailing Corporation announced that they will report Q3, 2026 results on Feb 04, 2026 Reported Earnings • Nov 01
Second quarter 2026 earnings released: EPS: JP¥24.73 (vs JP¥5.02 in 2Q 2025) Second quarter 2026 results: EPS: JP¥24.73 (up from JP¥5.02 in 2Q 2025). Revenue: JP¥169.4b (flat on 2Q 2025). Net income: JP¥2.93b (up 385% from 2Q 2025). Profit margin: 1.7% (up from 0.4% in 2Q 2025). Revenue is forecast to grow 1.9% 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, earnings per share has increased by 28% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥22.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 01 December 2025. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%). Annuncio • Sep 01
H2O Retailing Corporation to Report Q2, 2026 Results on Oct 31, 2025 H2O Retailing Corporation announced that they will report Q2, 2026 results on Oct 31, 2025 Reported Earnings • Aug 02
First quarter 2026 earnings released: EPS: JP¥32.88 (vs JP¥243 in 1Q 2025) First quarter 2026 results: EPS: JP¥32.88 (down from JP¥243 in 1Q 2025). Revenue: JP¥163.6b (up 1.1% from 1Q 2025). Net income: JP¥3.98b (down 85% from 1Q 2025). Profit margin: 2.4% (down from 16% in 1Q 2025). Revenue is forecast to grow 1.8% 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, earnings per share has increased by 46% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Declared Dividend • Jul 09
Final dividend of JP¥22.00 announced Shareholders will receive a dividend of JP¥22.00. Ex-date: 29th September 2025 Payment date: 1st December 2025 Dividend yield will be 2.2%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is well covered by both earnings (9% earnings payout ratio) and cash flows (34% cash payout ratio). The dividend has increased by an average of 5.8% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 26% over the next 3 years. However, it would need to fall by 90% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • Jun 29
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: JP¥296 (up from JP¥190 in FY 2024). Revenue: JP¥681.8b (up 3.7% from FY 2024). Net income: JP¥34.8b (up 59% from FY 2024). Profit margin: 5.1% (up from 3.3% in FY 2024). Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) exceeded analyst estimates by 12%. Revenue is forecast to grow 1.7% 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, earnings per share has increased by 62% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Annuncio • Jun 04
H2O Retailing Corporation to Report Q1, 2026 Results on Aug 01, 2025 H2O Retailing Corporation announced that they will report Q1, 2026 results on Aug 01, 2025 Major Estimate Revision • May 21
Consensus EPS estimates fall by 12% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from JP¥201 to JP¥176 per share. Revenue forecast steady at JP¥709.2b. Net income forecast to shrink 39% next year vs 7.1% growth forecast for Consumer Retailing industry in Japan . Consensus price target of JP¥2,425 unchanged from last update. Share price rose 3.1% to JP¥1,997 over the past week. New Risk • May 16
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 16% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Shareholders have been diluted in the past year (20% increase in shares outstanding). Reported Earnings • May 15
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: JP¥296 (up from JP¥190 in FY 2024). Revenue: JP¥681.8b (up 3.7% from FY 2024). Net income: JP¥34.8b (up 59% from FY 2024). Profit margin: 5.1% (up from 3.3% in FY 2024). Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) exceeded analyst estimates by 12%. Revenue is forecast to grow 3.3% 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, earnings per share has increased by 62% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. Annuncio • May 14
H2O Retailing Corporation (TSE:8242) announces an Equity Buyback for 10,000,000 shares, representing 8.18% for ¥15,000 million. H2O Retailing Corporation (TSE:8242) announces a share repurchase program. Under the program, the company will repurchase up to 10,000,000 shares, representing 8.18% of its issued share capital (excluding treasury stock), for a total purchase price of ¥15,000 million. The shares will be repurchased as a part of company's shareholder return plan Medium-term Management Plan (FY2024-FY2026). The program is valid till March 31, 2026. As of April 30, 2025, the company has 122,222,411 issued shares (excluding treasury stock) and 2,978,985 treasury shares. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥1,951, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 14x in the Consumer Retailing industry in Japan. Total returns to shareholders of 141% over the past three years. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 04 June 2025. Payout ratio is a comfortable 9.1% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (1.7%). Annuncio • Mar 01
H2O Retailing Corporation to Report Fiscal Year 2025 Results on May 13, 2025 H2O Retailing Corporation announced that they will report fiscal year 2025 results on May 13, 2025 Reported Earnings • Feb 06
Third quarter 2025 earnings released: EPS: JP¥85.54 (vs JP¥99.59 in 3Q 2024) Third quarter 2025 results: EPS: JP¥85.54 (down from JP¥99.59 in 3Q 2024). Revenue: JP¥183.6b (up 3.8% from 3Q 2024). Net income: JP¥10.4b (down 9.6% from 3Q 2024). Profit margin: 5.7% (down from 6.5% in 3Q 2024). Revenue is forecast to grow 3.0% 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, earnings per share has increased by 77% per year but the company’s share price has only increased by 37% per year, which means it is significantly lagging earnings growth. Annuncio • Feb 05
H2O Retailing Corporation (TSE:8242) announces an Equity Buyback for 2,000,000 shares, representing 1.64% for ¥5,600 million. H2O Retailing Corporation (TSE:8242) announces a share repurchase program. Under the program, the company will repurchase up to 2,000,000 shares, representing 1.64% of its issued share capital (excluding treasury stock), for a total purchase price of ¥5,600 million. The shares will be repurchased at a price of ¥2,191 per share. The shares will be repurchased as a part of company's shareholder return plan. As of January 31, 2025, the company has 121,996,774 issued shares (excluding treasury stock) and 3,204,622 treasury shares. Annuncio • Dec 03
H2O Retailing Corporation to Report Q3, 2025 Results on Feb 05, 2025 H2O Retailing Corporation announced that they will report Q3, 2025 results on Feb 05, 2025 Declared Dividend • Nov 30
First half dividend of JP¥20.00 announced Shareholders will receive a dividend of JP¥20.00. Ex-date: 28th March 2025 Payment date: 4th June 2025 Dividend yield will be 1.9%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is covered by both earnings (3% earnings payout ratio) and cash flows (57% cash payout ratio). The dividend has increased by an average of 4.8% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 54% over the next 3 years. However, it would need to fall by 96% to increase the payout ratio to a potentially unsustainable range. New Risk • Nov 14
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 21% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Shareholders have been diluted in the past year (6.2% increase in shares outstanding). Reported Earnings • Nov 08
Second quarter 2025 earnings released: EPS: JP¥5.02 (vs JP¥25.35 in 2Q 2024) Second quarter 2025 results: EPS: JP¥5.02 (down from JP¥25.35 in 2Q 2024). Revenue: JP¥169.4b (up 3.4% from 2Q 2024). Net income: JP¥604.0m (down 79% from 2Q 2024). Profit margin: 0.4% (down from 1.8% in 2Q 2024). Revenue is forecast to grow 3.8% 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 increased by 89% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. Annuncio • Nov 06
H2O Retailing Corporation (TSE:8242) announces an Equity Buyback for 500,000 shares, representing 0.41% for ¥1,300 million. H2O Retailing Corporation (TSE:8242) announces a share repurchase program. Under the program, the company will repurchase up to 500,000 shares, representing 0.41% of its issued share capital (excluding treasury stock), for a total purchase price of ¥1,300 million. The shares will be repurchased at a price of ¥1,961.5 per share. The shares will be repurchased as a part of company's shareholder return plan. As of October 31, 2024, the company has 122,367,043 issued shares (excluding treasury stock) and 2,834,353 treasury shares. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 6.3% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (1.6%). Annuncio • Aug 27
H2O Retailing Corporation to Report Q2, 2025 Results on Nov 06, 2024 H2O Retailing Corporation announced that they will report Q2, 2025 results on Nov 06, 2024 Reported Earnings • Aug 08
First quarter 2025 earnings released: EPS: JP¥243 (vs JP¥29.11 in 1Q 2024) First quarter 2025 results: EPS: JP¥243 (up from JP¥29.11 in 1Q 2024). Revenue: JP¥161.9b (up 4.6% from 1Q 2024). Net income: JP¥26.5b (up JP¥23.1b from 1Q 2024). Profit margin: 16% (up from 2.2% in 1Q 2024). Revenue is forecast to grow 3.9% 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, earnings per share has increased by 99% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 28% After last week's 28% share price decline to JP¥1,916, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 15x in the Consumer Retailing industry in Japan. Total returns to shareholders of 157% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,096 per share. Declared Dividend • Jul 11
Final dividend of JP¥20.00 announced Shareholders will receive a dividend of JP¥20.00. Ex-date: 27th September 2024 Payment date: 2nd December 2024 Dividend yield will be 1.3%, which is lower than the industry average of 1.6%. Payout Ratios Payout ratio: 12%. Cash payout ratio: 13%. Annuncio • Jun 02
H2O Retailing Corporation to Report Q1, 2025 Results on Aug 06, 2024 H2O Retailing Corporation announced that they will report Q1, 2025 results on Aug 06, 2024 Price Target Changed • May 22
Price target increased by 9.7% to JP¥1,975 Up from JP¥1,800, the current price target is an average from 2 analysts. New target price is 11% below last closing price of JP¥2,220. Stock is up 52% over the past year. The company is forecast to post earnings per share of JP¥243 for next year compared to JP¥190 last year. Valuation Update With 7 Day Price Move • May 22
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to JP¥2,220, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 15x in the Consumer Retailing industry in Japan. Total returns to shareholders of 173% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥894 per share. Major Estimate Revision • May 22
Consensus EPS estimates increase by 63% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from JP¥669.5b to JP¥704.0b. EPS estimate increased from JP¥149 to JP¥243 per share. Net income forecast to grow 32% next year vs 5.6% growth forecast for Consumer Retailing industry in Japan. Consensus price target up from JP¥1,800 to JP¥1,975. Share price rose 19% to JP¥2,220 over the past week. Reported Earnings • May 19
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: JP¥190 (up from JP¥136 in FY 2023). Revenue: JP¥657.4b (up 4.7% from FY 2023). Net income: JP¥21.9b (up 34% from FY 2023). Profit margin: 3.3% (up from 2.6% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 18%. Revenue is forecast to grow 1.7% p.a. on average during the next 2 years, compared to a 4.3% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥15.50 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 07 June 2024. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (1.5%). Annuncio • Mar 02
H2O Retailing Corporation to Report Fiscal Year 2024 Results on May 15, 2024 H2O Retailing Corporation announced that they will report fiscal year 2024 results on May 15, 2024 Major Estimate Revision • Feb 21
Consensus EPS estimates increase by 15% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from JP¥141 to JP¥161. Revenue forecast steady at JP¥657.0b. Net income forecast to shrink 24% next year vs 7.3% growth forecast for Consumer Retailing industry in Japan . Consensus price target up from JP¥1,750 to JP¥1,800. Share price rose 2.9% to JP¥1,804 over the past week. Major Estimate Revision • Feb 09
Consensus EPS estimates increase by 15% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from JP¥123 to JP¥141. Revenue forecast steady at JP¥655.5b. Net income forecast to shrink 29% next year vs 7.2% growth forecast for Consumer Retailing industry in Japan . Consensus price target up from JP¥1,650 to JP¥1,750. Share price rose 7.9% to JP¥1,819 over the past week. Price Target Changed • Feb 07
Price target increased by 7.7% to JP¥1,750 Up from JP¥1,625, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of JP¥1,818. Stock is up 42% over the past year. The company is forecast to post earnings per share of JP¥141 for next year compared to JP¥136 last year. Reported Earnings • Feb 04
Third quarter 2024 earnings released: EPS: JP¥99.59 (vs JP¥68.56 in 3Q 2023) Third quarter 2024 results: EPS: JP¥99.59 (up from JP¥68.56 in 3Q 2023). Revenue: JP¥176.9b (up 3.8% from 3Q 2023). Net income: JP¥11.5b (up 41% from 3Q 2023). Profit margin: 6.5% (up from 4.8% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.7% 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, earnings per share has increased by 117% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Dec 07
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 12%. The fair value is estimated to be JP¥2,072, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.7% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 4.1% in 2 years. Earnings is forecast to decline by 20% in the next 2 years. Annuncio • Nov 29
H2O Retailing Corporation to Report Q3, 2024 Results on Feb 02, 2024 H2O Retailing Corporation announced that they will report Q3, 2024 results on Feb 02, 2024 Major Estimate Revision • Nov 09
Consensus EPS estimates increase by 21% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from JP¥101 to JP¥123. Revenue forecast unchanged at JP¥652.5b. Net income forecast to shrink 26% next year vs 8.1% growth forecast for Consumer Retailing industry in Japan . Consensus price target broadly unchanged at JP¥1,650. Share price rose 3.9% to JP¥1,643 over the past week. Price Target Changed • Nov 06
Price target increased by 8.2% to JP¥1,650 Up from JP¥1,525, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of JP¥1,690. Stock is up 33% over the past year. The company is forecast to post earnings per share of JP¥123 for next year compared to JP¥136 last year. Reported Earnings • Nov 04
Second quarter 2024 earnings released: EPS: JP¥25.35 (vs JP¥17.36 in 2Q 2023) Second quarter 2024 results: EPS: JP¥25.35 (up from JP¥17.36 in 2Q 2023). Revenue: JP¥163.7b (up 5.6% from 2Q 2023). Net income: JP¥2.92b (up 37% from 2Q 2023). Profit margin: 1.8% (up from 1.4% in 2Q 2023). Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has increased by 119% per year but the company’s share price has only increased by 37% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥12.50 per share at 1.4% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 30 November 2023. Payout ratio is a comfortable 16% but the company is not cash flow positive. Trailing yield: 1.4%. Lower than top quartile of Japanese dividend payers (3.3%). Lower than average of industry peers (1.6%). Buying Opportunity • Sep 15
Now 22% undervalued Over the last 90 days, the stock is up 25%. The fair value is estimated to be JP¥2,366, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 5.4% in 2 years. Earnings is forecast to decline by 25% in the next 2 years. Annuncio • Sep 13
H2O Retailing Corporation to Report Q2, 2024 Results on Nov 02, 2023 H2O Retailing Corporation announced that they will report Q2, 2024 results on Nov 02, 2023 Reported Earnings • Aug 03
First quarter 2024 earnings released: EPS: JP¥29.11 (vs JP¥5.28 in 1Q 2023) First quarter 2024 results: EPS: JP¥29.11 (up from JP¥5.28 in 1Q 2023). Revenue: JP¥154.8b (up 3.7% from 1Q 2023). Net income: JP¥3.37b (up 418% from 1Q 2023). Profit margin: 2.2% (up from 0.4% in 1Q 2023). Revenue is forecast to grow 2.3% 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, earnings per share has increased by 114% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. Price Target Changed • Jun 23
Price target increased by 8.9% to JP¥1,525 Up from JP¥1,400, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of JP¥1,493. Stock is up 51% over the past year. The company is forecast to post earnings per share of JP¥90.65 for next year compared to JP¥136 last year. Annuncio • Jun 02
H2O Retailing Corporation to Report Q1, 2024 Results on Aug 02, 2023 H2O Retailing Corporation announced that they will report Q1, 2024 results on Aug 02, 2023 Major Estimate Revision • May 18
Consensus EPS estimates fall by 11% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from JP¥107 to JP¥94.50 per share. Revenue forecast steady at JP¥653.0b. Net income forecast to shrink 33% next year vs 6.5% growth forecast for Consumer Retailing industry in Japan . Consensus price target up from JP¥1,400 to JP¥1,475. Share price was steady at JP¥1,576 over the past week. Annuncio • May 13
H2O Retailing Corporation (TSE:8242) announces an Equity Buyback for 1,190,000 shares, for ¥2,200 million. H2O Retailing Corporation (TSE:8242) announces a share repurchase program. Under the program, the company will repurchase up to 1,190,000 shares, representing 1.02% of its issued share capital (excluding treasury stock), for a total purchase price of ¥2,200 million. The shares will be repurchased at a price of ¥1,581 per share. The purpose of the program is to improve capital efficiency and implement agile capital policies in response to changes in the business environment. As of May 10, 2023, the company has 116,393,113 issued shares (excluding treasury stock) and 8,808,283 treasury shares. Reported Earnings • May 13
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: JP¥136 (up from JP¥79.84 in FY 2022). Revenue: JP¥628.1b (up 21% from FY 2022). Net income: JP¥16.4b (up 66% from FY 2022). Profit margin: 2.6% (up from 1.9% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 18%. Revenue is forecast to grow 2.9% p.a. on average during the next 2 years, compared to a 1.8% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Annuncio • May 11
H2O Retailing Corporation, Annual General Meeting, Jun 28, 2023 H2O Retailing Corporation, Annual General Meeting, Jun 28, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥12.50 per share at 1.8% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 01 June 2023. Payout ratio is a comfortable 39% but the company is not cash flow positive. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (1.7%). Price Target Changed • Mar 22
Price target increased by 12% to JP¥1,400 Up from JP¥1,250, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of JP¥1,400. Stock is up 58% over the past year. The company is forecast to post earnings per share of JP¥115 for next year compared to JP¥79.84 last year. Reported Earnings • Feb 09
Third quarter 2023 earnings released: EPS: JP¥68.56 (vs JP¥39.21 in 3Q 2022) Third quarter 2023 results: EPS: JP¥68.56 (up from JP¥39.21 in 3Q 2022). Revenue: JP¥170.5b (up 27% from 3Q 2022). Net income: JP¥8.17b (up 68% from 3Q 2022). Profit margin: 4.8% (up from 3.6% in 3Q 2022). Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Multiline Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.