New Risk • Jul 04
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 97% Dividend yield: 4.7% 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. This is currently the only risk that has been identified for the company. Reported Earnings • May 20
Full year 2026 earnings: EPS in line with expectations, revenues disappoint Full year 2026 results: EPS: JP¥77.87 (up from JP¥73.10 in FY 2025). Revenue: JP¥11.0b (up 7.9% from FY 2025). Net income: JP¥3.59b (up 2.8% from FY 2025). Profit margin: 33% (down from 34% in FY 2025). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.9%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 15% p.a. on average during the next 2 years, while revenues in the Diversified Financial industry in Japan are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Annuncio • May 15
eGuarantee, Inc., Annual General Meeting, Jun 26, 2026 eGuarantee, Inc., Annual General Meeting, Jun 26, 2026. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥38.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 30 June 2026. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (3.3%). Reported Earnings • Feb 14
Third quarter 2026 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2026 results: EPS: JP¥20.80 (up from JP¥18.37 in 3Q 2025). Revenue: JP¥2.77b (up 5.7% from 3Q 2025). Net income: JP¥945.0m (up 7.7% from 3Q 2025). Profit margin: 34% (in line with 3Q 2025). Revenue missed analyst estimates by 4.1%. Earnings per share (EPS) exceeded analyst estimates by 26%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, while revenues in the Diversified Financial industry in Japan are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Price Target Changed • Jan 07
Price target increased by 8.3% to JP¥2,600 Up from JP¥2,400, the current price target is an average from 2 analysts. New target price is 40% above last closing price of JP¥1,853. Stock is up 5.6% over the past year. The company is forecast to post earnings per share of JP¥77.27 for next year compared to JP¥73.10 last year. Declared Dividend • Nov 08
Dividend of JP¥38.00 announced Shareholders will receive a dividend of JP¥38.00. Ex-date: 30th March 2026 Payment date: 30th June 2026 Dividend yield will be 2.3%, which is lower than the industry average of 3.1%. Sustainability & Growth Dividend is well covered by both earnings (49% earnings payout ratio) and cash flows (45% cash payout ratio). The dividend has increased by an average of 18% 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. EPS is expected to grow by 53% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annuncio • Oct 30
eGuarantee, Inc. (TSE:8771) announces an Equity Buyback for 3,000,000 shares, representing 6.5% for ¥3,000 million. eGuarantee, Inc. (TSE:8771) announces a share repurchase program. Under the program, the company will repurchase up to 3,000,000 shares, representing 6.52% of its issued share capital (excluding treasury stock), for a total purchase price of ¥3,000 million. The purpose of the program is to to strengthen shareholder returns and improve capital efficiency. The program will continue through March 31, 2026. As of September 30, 2025, the company had 46,142,867 issued shares (excluding treasury stock). Reported Earnings • Aug 08
First quarter 2026 earnings: EPS in line with analyst expectations despite revenue beat First quarter 2026 results: EPS: JP¥18.09 (up from JP¥17.15 in 1Q 2025). Revenue: JP¥2.74b (up 12% from 1Q 2025). Net income: JP¥865.0m (up 5.7% from 1Q 2025). Profit margin: 32% (down from 34% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Diversified Financial industry in Japan. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. New Risk • Jul 17
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 0% Dividend yield: 2.5% 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: Major Risk Shares are highly illiquid. Minor Risk Dividend is not well covered by cash flows (0% cash payout ratio). Board Change • Jul 10
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 2 experienced directors. 7 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Outside Director Mariko Mabuchi was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. New Risk • Jul 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.8% 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. This is currently the only risk that has been identified for the company. Annuncio • May 28
eGuarantee, Inc. (TSE:8771) announces an Equity Buyback for 3,000,000 shares, representing 6.26% for ¥3,000 million. eGuarantee, Inc. (TSE:8771) announces a share repurchase program. Under the program, the company will repurchase up to 3,000,000 shares, representing 6.26% of its issued share capital (excluding treasury stock), for a total purchase price of ¥3,000 million. The purpose of the program is to to strengthen shareholder returns and improve capital efficiency. The program will continue through March 31, 2026. As of March 31, 2025, the company had 47,928,900 issued shares (excluding treasury stock) and 2,733 treasury shares. Valuation Update With 7 Day Price Move • May 16
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥1,514, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 11x in the Diversified Financial industry in Japan. Total loss to shareholders of 22% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,509 per share. Annuncio • May 14
eGuarantee, Inc., Annual General Meeting, Jun 27, 2025 eGuarantee, Inc., Annual General Meeting, Jun 27, 2025. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥37.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 01 July 2025. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (3.2%). Buy Or Sell Opportunity • Feb 19
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 12% to JP¥1,772. The fair value is estimated to be JP¥1,454, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.7% over the last 3 years. Earnings per share has grown by 11%. Revenue is forecast to grow by 30% in 2 years. Earnings are forecast to grow by 31% in the next 2 years. Reported Earnings • Feb 11
Third quarter 2025 earnings: EPS misses analyst expectations Third quarter 2025 results: EPS: JP¥18.37 (up from JP¥17.93 in 3Q 2024). Revenue: JP¥2.61b (up 13% from 3Q 2024). Net income: JP¥877.5m (up 2.9% from 3Q 2024). Profit margin: 34% (down from 37% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.5%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Diversified Financial industry in Japan. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 09
Second quarter 2025 earnings: EPS and revenues exceed analyst expectations Second quarter 2025 results: EPS: JP¥17.95 (up from JP¥16.49 in 2Q 2024). Revenue: JP¥2.47b (up 9.3% from 2Q 2024). Net income: JP¥857.0m (up 9.3% from 2Q 2024). Profit margin: 35% (in line with 2Q 2024). Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) also surpassed analyst estimates by 3.2%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Diversified Financial industry in Japan. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Annuncio • Oct 04
eGuarantee, Inc. to Report Q2, 2025 Results on Nov 07, 2024 eGuarantee, Inc. announced that they will report Q2, 2025 results on Nov 07, 2024 Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to JP¥1,174, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 11x in the Diversified Financial industry in Japan. Total loss to shareholders of 48% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,563 per share. Buy Or Sell Opportunity • Aug 05
Now 25% undervalued after recent price drop Over the last 90 days, the stock has fallen 32% to JP¥1,174. The fair value is estimated to be JP¥1,563, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.8% over the last 3 years. Earnings per share has grown by 13%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Annuncio • Jul 05
eGuarantee, Inc. to Report Q1, 2025 Results on Aug 08, 2024 eGuarantee, Inc. announced that they will report Q1, 2025 results on Aug 08, 2024 Price Target Changed • Jun 19
Price target decreased by 7.4% to JP¥2,500 Down from JP¥2,700, the current price target is an average from 3 analysts. New target price is 79% above last closing price of JP¥1,400. Stock is down 29% over the past year. The company is forecast to post earnings per share of JP¥73.49 for next year compared to JP¥68.60 last year. Reported Earnings • May 20
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: JP¥68.59 (up from JP¥60.67 in FY 2023). Revenue: JP¥9.17b (up 7.9% from FY 2023). Net income: JP¥3.26b (up 14% from FY 2023). Profit margin: 36% (up from 34% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.2%. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 6.4% growth forecast for the Diversified Financial industry in Japan. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • May 17
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥1,422, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 12x in the Diversified Financial industry in Japan. Total loss to shareholders of 28% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,286 per share. Annuncio • May 17
eGuarantee, Inc., Annual General Meeting, Jun 28, 2024 eGuarantee, Inc., Annual General Meeting, Jun 28, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥35.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (2.9%). Reported Earnings • Feb 01
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: EPS: JP¥17.93 (up from JP¥17.12 in 3Q 2023). Revenue: JP¥2.32b (up 8.0% from 3Q 2023). Net income: JP¥853.0m (up 5.4% from 3Q 2023). Profit margin: 37% (in line with 3Q 2023). Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) also missed analyst estimates by 17%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Diversified Financial industry in Japan. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 01
Second quarter 2024 earnings: EPS and revenues miss analyst expectations Second quarter 2024 results: EPS: JP¥16.49 (up from JP¥14.76 in 2Q 2023). Revenue: JP¥2.26b (up 7.2% from 2Q 2023). Net income: JP¥784.0m (up 13% from 2Q 2023). Profit margin: 35% (up from 33% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) also missed analyst estimates by 11%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Diversified Financial industry in Japan. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Annuncio • Oct 31
eGuarantee, Inc. Provides Year End Dividend Guidance for the Year Ending March 31, 2024 eGuarantee, Inc. provided year end dividend guidance for the year ending March 31, 2024. The company expects to pay year end dividend of JPY 35.00 per share for the year ending March 31, 2024 compared to JPY 34.00 per share paid a year ago. Reported Earnings • Jul 29
First quarter 2024 earnings: EPS misses analyst expectations First quarter 2024 results: EPS: JP¥16.23 (up from JP¥15.00 in 1Q 2023). Revenue: JP¥2.24b (up 9.8% from 1Q 2023). Net income: JP¥771.0m (up 9.4% from 1Q 2023). Profit margin: 34% (in line with 1Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.1%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Diversified Financial industry in Japan. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Price Target Changed • Jun 21
Price target increased by 7.7% to JP¥2,800 Up from JP¥2,600, the current price target is an average from 2 analysts. New target price is 41% above last closing price of JP¥1,980. Stock is down 4.3% over the past year. The company is forecast to post earnings per share of JP¥67.94 for next year compared to JP¥60.68 last year. Annuncio • Jun 02
eGuarantee, Inc. to Report Q1, 2024 Results on Jul 28, 2023 eGuarantee, Inc. announced that they will report Q1, 2024 results on Jul 28, 2023 Reported Earnings • May 14
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2023 results: EPS: JP¥60.67 (up from JP¥52.92 in FY 2022). Revenue: JP¥8.49b (up 7.6% from FY 2022). Net income: JP¥2.86b (up 16% from FY 2022). Profit margin: 34% (up from 31% in FY 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.7%. Earnings per share (EPS) exceeded analyst estimates by 3.1%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Diversified Financial industry in Japan. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Annuncio • May 13
eGuarantee, Inc., Annual General Meeting, Jun 28, 2023 eGuarantee, Inc., Annual General Meeting, Jun 28, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥30.00 per share at 1.2% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 29 June 2023. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (3.2%). Annuncio • Jan 31
eGuarantee, Inc. Provides Year End Dividend Guidance for the Fiscal Year Ending March 31, 2023 eGuarantee, Inc. provided year end dividend guidance for the fiscal year ending March 31, 2023. For the period, the company expects to pay dividend of JPY 30.00 per share as compared to JPY 26.00 per share paid year ago. Reported Earnings • Jan 31
Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2023 results: EPS: JP¥17.12 (up from JP¥14.16 in 3Q 2022). Revenue: JP¥2.15b (up 6.5% from 3Q 2022). Net income: JP¥809.0m (up 22% from 3Q 2022). Profit margin: 38% (up from 33% in 3Q 2022). The increase in margin was primarily driven by higher revenue. Revenue missed analyst estimates by 5.3%. Earnings per share (EPS) exceeded analyst estimates by 6.5%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Diversified Financial industry in Japan. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Nov 30
eGuarantee, Inc. to Report Q3, 2023 Results on Jan 30, 2023 eGuarantee, Inc. announced that they will report Q3, 2023 results on Jan 30, 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. No experienced directors. 9 highly experienced directors. No independent directors (6 non-independent directors). Executive Officer, Manager of Corporate Management Department and Director Nozomu Murai was the last director to join the board, commencing their role in 2013. 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 • Oct 30
Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2023 results: EPS: JP¥14.76 (up from JP¥13.11 in 2Q 2022). Revenue: JP¥2.11b (up 9.1% from 2Q 2022). Net income: JP¥697.0m (up 14% from 2Q 2022). Profit margin: 33% (up from 32% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) missed analyst estimates by 1.2%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Diversified Financial industry in Japan. Over the last 3 years on average, earnings per share has increased by 2% 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 • Sep 01
eGuarantee, Inc. to Report Q2, 2023 Results on Oct 28, 2022 eGuarantee, Inc. announced that they will report Q2, 2023 results on Oct 28, 2022 Reported Earnings • Jul 31
First quarter 2023 earnings: EPS exceeds analyst expectations First quarter 2023 results: EPS: JP¥15.00 (up from JP¥12.32 in 1Q 2022). Revenue: JP¥2.04b (up 6.6% from 1Q 2022). Net income: JP¥705.0m (up 24% from 1Q 2022). Profit margin: 35% (up from 30% in 1Q 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 17%. Over the next year, revenue is forecast to grow 15%, compared to a 4.7% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Jun 29
eGuarantee, Inc. to Report Q1, 2023 Results on Jul 29, 2022 eGuarantee, Inc. announced that they will report Q1, 2023 results on Jul 29, 2022 Reported Earnings • May 17
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: JP¥52.92 (up from JP¥45.12 in FY 2021). Revenue: JP¥7.89b (up 9.7% from FY 2021). Net income: JP¥2.46b (up 23% from FY 2021). Profit margin: 31% (up from 28% in FY 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) also missed analyst estimates by 1.6%. Over the next year, revenue is forecast to grow 13%, compared to a 6.1% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of 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. No experienced directors. 9 highly experienced directors. No independent directors (6 non-independent directors). Executive Officer, Manager of Corporate Management Department and Director Nozomu Murai was the last director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Annuncio • Apr 08
eGuarantee, Inc. to Report Fiscal Year 2022 Results on May 13, 2022 eGuarantee, Inc. announced that they will report fiscal year 2022 results on May 13, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥22.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 29 June 2022. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (3.2%). Reported Earnings • Jan 30
Third quarter 2022 earnings: EPS misses analyst expectations Third quarter 2022 results: EPS: JP¥14.16 (up from JP¥11.56 in 3Q 2021). Revenue: JP¥2.02b (up 9.3% from 3Q 2021). Net income: JP¥661.0m (up 26% from 3Q 2021). Profit margin: 33% (up from 28% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.4%. Over the next year, revenue is forecast to grow 15%, compared to a 9.0% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Oct 31
Second quarter 2022 earnings released: EPS JP¥13.11 (vs JP¥12.63 in 2Q 2021) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2022 results: Revenue: JP¥1.93b (up 9.7% from 2Q 2021). Net income: JP¥611.0m (up 9.3% from 2Q 2021). Profit margin: 32% (in line with 2Q 2021). 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 36% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 03
First quarter 2022 earnings released: EPS JP¥12.33 (vs JP¥9.67 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥1.91b (up 13% from 1Q 2021). Net income: JP¥568.6m (up 38% from 1Q 2021). Profit margin: 30% (up from 24% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 19
Full year 2021 earnings released: EPS JP¥45.12 (vs JP¥54.14 in FY 2020) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2021 results: Revenue: JP¥7.19b (up 21% from FY 2020). Net income: JP¥2.00b (down 13% from FY 2020). Profit margin: 28% (down from 39% in FY 2020). The decrease in margin was driven by higher expenses. 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 23% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥22.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 29 June 2021. Trailing yield: 0.7%. Lower than top quartile of Japanese dividend payers (2.7%). Lower than average of industry peers (3.1%). Is New 90 Day High Low • Mar 03
New 90-day low: JP¥2,005 The company is down 6.0% from its price of JP¥2,131 on 03 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 Diversified Financial industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥1,293 per share. Is New 90 Day High Low • Feb 05
New 90-day high: JP¥2,458 The company is up 17% from its price of JP¥2,105 on 06 November 2020. The Japanese market is up 12% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Diversified Financial industry, which is up 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥1,301 per share. Reported Earnings • Feb 01
Third quarter 2021 earnings released: EPS JP¥11.56 (vs JP¥14.23 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: JP¥1.85b (up 23% from 3Q 2020). Net income: JP¥525.2m (down 13% from 3Q 2020). Profit margin: 28% (down from 40% in 3Q 2020). The decrease in margin was driven by higher expenses. 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 29% per year, which means it is tracking significantly ahead of earnings growth. Analyst Estimate Surprise Post Earnings • Feb 01
Earnings beat expectations, revenue disappoints Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) exceeded analyst estimates by 3.0%. Over the next year, revenue is forecast to grow 28% while theDiversified Financial industry in Japan is not expected to grow. Is New 90 Day High Low • Jan 13
New 90-day high: JP¥2,346 The company is up 2.0% from its price of JP¥2,310 on 15 October 2020. The Japanese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Diversified Financial industry, which is up 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥1,277 per share.