Annuncio • May 16
Autobacs Seven Co., Ltd. to Report Q1, 2027 Results on Jul 31, 2026 Autobacs Seven Co., Ltd. announced that they will report Q1, 2027 results on Jul 31, 2026 Reported Earnings • May 12
Full year 2026 earnings: EPS misses analyst expectations Full year 2026 results: EPS: JP¥106 (up from JP¥104 in FY 2025). Revenue: JP¥280.1b (up 12% from FY 2025). Net income: JP¥8.35b (up 2.7% from FY 2025). Profit margin: 3.0% (down from 3.3% in FY 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.9%. Revenue is forecast to grow 1.9% p.a. on average during the next 2 years, compared to a 8.3% growth forecast for the Specialty Retail 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 2% per year, which means it is significantly lagging earnings. Annuncio • May 11
Autobacs Seven Co., Ltd., Annual General Meeting, Jun 23, 2026 Autobacs Seven Co., Ltd., Annual General Meeting, Jun 23, 2026. Annuncio • May 09
Autobacs Seven Co., Ltd. to Report Fiscal Year 2026 Results on May 11, 2026 Autobacs Seven Co., Ltd. announced that they will report fiscal year 2026 results on May 11, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 25 June 2026. Payout ratio is a comfortable 51% but the company is not cash flow positive. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.4%). Reported Earnings • Jan 31
Third quarter 2026 earnings released: EPS: JP¥66.42 (vs JP¥76.51 in 3Q 2025) Third quarter 2026 results: EPS: JP¥66.42 (down from JP¥76.51 in 3Q 2025). Revenue: JP¥83.1b (up 6.7% from 3Q 2025). Net income: JP¥5.22b (down 13% from 3Q 2025). Profit margin: 6.3% (down from 7.7% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 5% per year. New Risk • Dec 06
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.0% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 1.0% per year for the foreseeable future. Minor Risk Paying a dividend despite having no free cash flows. Annuncio • Nov 28
Autobacs Seven Co., Ltd. to Report Q3, 2026 Results on Jan 30, 2026 Autobacs Seven Co., Ltd. announced that they will report Q3, 2026 results on Jan 30, 2026 Declared Dividend • Nov 26
First half dividend of JP¥30.00 announced Dividend of JP¥30.00 is the same as last year. Ex-date: 30th March 2026 Payment date: 25th June 2026 Dividend yield will be 3.7%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (24% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has not increased over the past 10 years but has been stable with no material reductions to payments, indicating a long track record of dividend stability. EPS is expected to grow by 1.7% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 01
Second quarter 2026 earnings released: EPS: JP¥19.10 (vs JP¥11.61 in 2Q 2025) Second quarter 2026 results: EPS: JP¥19.10 (up from JP¥11.61 in 2Q 2025). Revenue: JP¥64.6b (up 15% from 2Q 2025). Net income: JP¥1.50b (up 65% from 2Q 2025). Profit margin: 2.3% (up from 1.6% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 3% per year. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 25 November 2025. Payout ratio is a comfortable 50% but the company is not cash flow positive. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%). Annuncio • Sep 04
Autobacs Seven Co., Ltd. to Report Q2, 2026 Results on Oct 31, 2025 Autobacs Seven Co., Ltd. announced that they will report Q2, 2026 results on Oct 31, 2025 Reported Earnings • Aug 02
First quarter 2026 earnings released: EPS: JP¥25.48 (vs JP¥9.37 in 1Q 2025) First quarter 2026 results: EPS: JP¥25.48 (up from JP¥9.37 in 1Q 2025). Revenue: JP¥64.2b (up 19% from 1Q 2025). Net income: JP¥2.00b (up 174% from 1Q 2025). Profit margin: 3.1% (up from 1.4% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Board Change • Jul 09
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Outside Director Yosuke Matsuda was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Declared Dividend • Jul 09
Final dividend of JP¥30.00 announced Dividend of JP¥30.00 is the same as last year. Ex-date: 29th September 2025 Payment date: 25th November 2025 Dividend yield will be 4.1%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is not adequately covered by earnings (96% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has not increased over the past 10 years but has been stable with no material reductions to payments, indicating a long track record of dividend stability. The company's earnings per share (EPS) would need to grow by 6.6% to bring the payout ratio under control. EPS is expected to grow by 10% over the next 2 years, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • Jun 27
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: JP¥104 (up from JP¥81.52 in FY 2024). Revenue: JP¥249.5b (up 8.6% from FY 2024). Net income: JP¥8.13b (up 28% from FY 2024). Profit margin: 3.3% (up from 2.8% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.8%. Earnings per share (EPS) also surpassed analyst estimates by 2.0%. Revenue is forecast to stay flat during the next 2 years compared to a 6.4% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Annuncio • Jun 03
Autobacs Seven Co., Ltd. to Report Q1, 2026 Results on Jul 31, 2025 Autobacs Seven Co., Ltd. announced that they will report Q1, 2026 results on Jul 31, 2025 Reported Earnings • May 10
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: JP¥104 (up from JP¥81.52 in FY 2024). Revenue: JP¥249.5b (up 8.6% from FY 2024). Net income: JP¥8.13b (up 28% from FY 2024). Profit margin: 3.3% (up from 2.8% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.8%. Earnings per share (EPS) also surpassed analyst estimates by 2.0%. Revenue is forecast to stay flat during the next 2 years compared to a 6.5% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Annuncio • May 09
Autobacs Seven Co., Ltd., Annual General Meeting, Jun 24, 2025 Autobacs Seven Co., Ltd., Annual General Meeting, Jun 24, 2025. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 30 June 2025. Payout ratio is on the higher end at 96% but the company is not cash flow positive. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.5%). Annuncio • Mar 16
Autobacs Seven Co., Ltd. to Report Fiscal Year 2025 Results on May 09, 2025 Autobacs Seven Co., Ltd. announced that they will report fiscal year 2025 results on May 09, 2025 Reported Earnings • Feb 01
Third quarter 2025 earnings released: EPS: JP¥76.51 (vs JP¥50.88 in 3Q 2024) Third quarter 2025 results: EPS: JP¥76.51 (up from JP¥50.88 in 3Q 2024). Revenue: JP¥77.9b (up 15% from 3Q 2024). Net income: JP¥6.00b (up 51% from 3Q 2024). Profit margin: 7.7% (up from 5.9% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Annuncio • Jan 30
Autobacs Seven Co., Ltd. (TSE:9832) acquired Bee Line Corp. from Ant Capital Partners No. 6 Investment Limited Partnership, a fund managed by Ant Capital Partners Co., Ltd. Autobacs Seven Co., Ltd. (TSE:9832) acquired Bee Line Corp. from Ant Capital Partners No. 6 Investment Limited Partnership, a fund managed by Ant Capital Partners Co., Ltd. on January 29, 2025.
Autobacs Seven Co., Ltd. (TSE:9832) completed the acquisition of Bee Line Corp. from Ant Capital Partners No. 6 Investment Limited Partnership, a fund managed by Ant Capital Partners Co., Ltd. on January 29, 2025. Annuncio • Dec 28
Autobacs Seven Co., Ltd. to Report Q3, 2025 Results on Jan 31, 2025 Autobacs Seven Co., Ltd. announced that they will report Q3, 2025 results on Jan 31, 2025 Declared Dividend • Nov 26
First half dividend of JP¥30.00 announced Shareholders will receive a dividend of JP¥30.00. Ex-date: 28th March 2025 Payment date: 30th June 2025 Dividend yield will be 4.2%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is not covered by earnings (164% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 1.1% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 82% to bring the payout ratio under control. EPS is expected to grow by 111% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. New Risk • Nov 08
New minor risk - Dividend sustainability The dividend is not well covered by earnings. Payout ratio: 164% Dividend yield: 4.2% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (164% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.3% net profit margin). Reported Earnings • Nov 02
Second quarter 2025 earnings released: EPS: JP¥11.61 (vs JP¥48.67 in 2Q 2024) Second quarter 2025 results: EPS: JP¥11.61 (down from JP¥48.67 in 2Q 2024). Revenue: JP¥56.3b (up 3.8% from 2Q 2024). Net income: JP¥908.0m (down 76% from 2Q 2024). Profit margin: 1.6% (down from 7.0% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 27 November 2024. Payout ratio and cash payout ratio are on the higher end at 81% and 89% respectively. Trailing yield: 4.1%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.4%). Annuncio • Aug 28
Autobacs Seven Co., Ltd. to Report Q2, 2025 Results on Oct 31, 2024 Autobacs Seven Co., Ltd. announced that they will report Q2, 2025 results at 3:00 PM, Tokyo Standard Time on Oct 31, 2024 Reported Earnings • Aug 02
First quarter 2025 earnings released: EPS: JP¥9.37 (vs JP¥17.26 in 1Q 2024) First quarter 2025 results: EPS: JP¥9.37 (down from JP¥17.26 in 1Q 2024). Revenue: JP¥54.0b (down 6.3% from 1Q 2024). Net income: JP¥730.0m (down 46% from 1Q 2024). Profit margin: 1.4% (down from 2.3% in 1Q 2024). Revenue is forecast to grow 1.9% p.a. on average during the next 2 years, compared to a 7.0% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has fallen by 1% per year. Declared Dividend • Jul 11
Final dividend of JP¥30.00 announced Shareholders will receive a dividend of JP¥30.00. Ex-date: 27th September 2024 Payment date: 27th November 2024 Dividend yield will be 4.4%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (50% earnings payout ratio) and cash flows (89% cash payout ratio). The dividend has increased by an average of 1.1% 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 11% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Annuncio • Jun 17
Autobacs Seven Co., Ltd. to Report Q1, 2025 Results on Jul 31, 2024 Autobacs Seven Co., Ltd. announced that they will report Q1, 2025 results on Jul 31, 2024 Reported Earnings • May 12
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: JP¥81.52 (down from JP¥92.88 in FY 2023). Revenue: JP¥229.9b (down 2.7% from FY 2023). Net income: JP¥6.36b (down 12% from FY 2023). Profit margin: 2.8% (down from 3.1% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 26%. Revenue is forecast to stay flat during the next 2 years compared to a 6.7% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 1% per year. Annuncio • May 12
Autobacs Seven Co., Ltd., Annual General Meeting, Jun 27, 2024 Autobacs Seven Co., Ltd., Annual General Meeting, Jun 27, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 26 June 2024. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 3.7%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.3%). Annuncio • Mar 08
Autobacs Seven Co., Ltd. to Report Fiscal Year 2024 Results on May 10, 2024 Autobacs Seven Co., Ltd. announced that they will report fiscal year 2024 results on May 10, 2024 Reported Earnings • Feb 02
Third quarter 2024 earnings released: EPS: JP¥50.88 (vs JP¥49.89 in 3Q 2023) Third quarter 2024 results: EPS: JP¥50.88 (up from JP¥49.89 in 3Q 2023). Revenue: JP¥67.8b (down 4.6% from 3Q 2023). Net income: JP¥3.97b (up 2.0% from 3Q 2023). Profit margin: 5.9% (up from 5.5% in 3Q 2023). Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Specialty Retail 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 only increased by 5% per year, which means it is significantly lagging earnings growth. Annuncio • Dec 08
Autobacs Seven Co., Ltd. to Report Q3, 2024 Results on Jan 31, 2024 Autobacs Seven Co., Ltd. announced that they will report Q3, 2024 results on Jan 31, 2024 New Risk • Nov 02
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 6.2% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 6.2% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (133% cash payout ratio). Large one-off items impacting financial results. Reported Earnings • Nov 02
Second quarter 2024 earnings released: EPS: JP¥48.67 (vs JP¥17.89 in 2Q 2023) Second quarter 2024 results: EPS: JP¥48.67 (up from JP¥17.89 in 2Q 2023). Revenue: JP¥54.2b (flat on 2Q 2023). Net income: JP¥3.79b (up 172% from 2Q 2023). Profit margin: 7.0% (up from 2.6% in 2Q 2023). Revenue is forecast to stay flat during the next 3 years compared to a 6.5% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥30.00 per share at 3.8% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 27 November 2023. Payout ratio is a comfortable 68% but the company is paying out more than the cash it is generating. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.4%). Annuncio • Sep 08
Autobacs Seven Co., Ltd. to Report Q2, 2024 Results on Oct 31, 2023 Autobacs Seven Co., Ltd. announced that they will report Q2, 2024 results on Oct 31, 2023 Reported Earnings • Aug 01
First quarter 2024 earnings released: EPS: JP¥17.26 (vs JP¥22.52 in 1Q 2023) First quarter 2024 results: EPS: JP¥17.26 (down from JP¥22.52 in 1Q 2023). Revenue: JP¥57.7b (up 9.1% from 1Q 2023). Net income: JP¥1.35b (down 23% from 1Q 2023). Profit margin: 2.3% (down from 3.3% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Annuncio • May 19
Autobacs Seven Co., Ltd. to Report Q1, 2024 Results on Jul 31, 2023 Autobacs Seven Co., Ltd. announced that they will report Q1, 2024 results on Jul 31, 2023 Reported Earnings • May 10
Full year 2023 earnings released: EPS: JP¥92.88 (vs JP¥89.16 in FY 2022) Full year 2023 results: EPS: JP¥92.88 (up from JP¥89.16 in FY 2022). Revenue: JP¥236.2b (up 3.3% from FY 2022). Net income: JP¥7.24b (up 3.3% from FY 2022). Profit margin: 3.1% (in line with FY 2022). Revenue is forecast to stay flat during the next 2 years compared to a 5.9% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥30.00 per share at 4.2% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 24 June 2023. Payout ratio is a comfortable 59% but the company is paying out more than the cash it is generating. Trailing yield: 4.2%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.5%). Reported Earnings • Feb 01
Third quarter 2023 earnings released: EPS: JP¥49.89 (vs JP¥54.80 in 3Q 2022) Third quarter 2023 results: EPS: JP¥49.89 (down from JP¥54.80 in 3Q 2022). Revenue: JP¥71.0b (up 3.9% from 3Q 2022). Net income: JP¥3.89b (down 8.9% from 3Q 2022). Profit margin: 5.5% (down from 6.2% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Outside Director Takayoshi Mimura was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 02
Second quarter 2023 earnings released: EPS: JP¥17.88 (vs JP¥10.29 in 2Q 2022) Second quarter 2023 results: EPS: JP¥17.88 (up from JP¥10.29 in 2Q 2022). Revenue: JP¥54.2b (up 5.8% from 2Q 2022). Net income: JP¥1.39b (up 72% from 2Q 2022). Profit margin: 2.6% (up from 1.6% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Specialty Retail 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 9% per year, which means it is significantly lagging earnings. Annuncio • Nov 02
Autobacs Seven Co., Ltd. to Report Q3, 2023 Results on Jan 31, 2023 Autobacs Seven Co., Ltd. announced that they will report Q3, 2023 results on Jan 31, 2023 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 25 November 2022. Payout ratio is a comfortable 61% but the company is not cash flow positive. Trailing yield: 4.2%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.5%). Reported Earnings • Jul 31
First quarter 2023 earnings released: EPS: JP¥22.52 (vs JP¥13.50 in 1Q 2022) First quarter 2023 results: EPS: JP¥22.52 (up from JP¥13.50 in 1Q 2022). Revenue: JP¥52.9b (up 1.1% from 1Q 2022). Net income: JP¥1.76b (up 63% from 1Q 2022). Profit margin: 3.3% (up from 2.1% in 1Q 2022). 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 7% per year, which means it is significantly lagging earnings. Reported Earnings • May 11
Full year 2022 earnings released: EPS: JP¥89.16 (vs JP¥88.28 in FY 2021) Full year 2022 results: EPS: JP¥89.16. Revenue: JP¥228.6b (up 3.7% from FY 2021). Net income: JP¥7.01b (flat on FY 2021). Profit margin: 3.1% (down from 3.2% in FY 2021). The decrease in margin was driven by higher expenses. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Outside Director Masami Koizumi was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Buying Opportunity • Apr 11
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 5.8%. The fair value is estimated to be JP¥1,658, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 6.1%. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 24 June 2022. Payout ratio and cash payout ratio are on the higher end at 81% and 75% respectively. Trailing yield: 4.3%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.6%). Reported Earnings • Feb 02
Third quarter 2022 earnings: EPS exceeds analyst expectations Third quarter 2022 results: EPS: JP¥54.79 (down from JP¥62.71 in 3Q 2021). Revenue: JP¥68.4b (down 4.6% from 3Q 2021). Net income: JP¥4.27b (down 15% from 3Q 2021). Profit margin: 6.2% (down from 7.0% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.7%. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 01
Second quarter 2022 earnings released: EPS JP¥10.29 (vs JP¥24.93 in 2Q 2021) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥51.3b (down 6.3% from 2Q 2021). Net income: JP¥810.0m (down 59% from 2Q 2021). Profit margin: 1.6% (down from 3.6% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 25 November 2021. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (1.3%). Reported Earnings • Jun 30
Full year 2021 earnings released: EPS JP¥88.28 (vs JP¥47.10 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were flat. Full year 2021 results: Revenue: JP¥220.4b (flat on FY 2020). Net income: JP¥7.05b (up 87% from FY 2020). Profit margin: 3.2% (up from 1.7% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 8% per year, which means it is performing significantly worse than earnings. Reported Earnings • May 13
Full year 2021 earnings released: EPS JP¥88.28 (vs JP¥47.10 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were flat. Full year 2021 results: Revenue: JP¥220.4b (flat on FY 2020). Net income: JP¥7.05b (up 87% from FY 2020). Profit margin: 3.2% (up from 1.7% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 11% per year, which means it is performing significantly worse than earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 24 June 2021. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.1%). Is New 90 Day High Low • Mar 02
New 90-day high: JP¥1,468 The company is up 10.0% from its price of JP¥1,338 on 02 December 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 9.0% over the same period. Reported Earnings • Feb 03
Third quarter 2021 earnings released: EPS JP¥62.71 (vs JP¥42.65 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥71.7b (up 9.3% from 3Q 2020). Net income: JP¥5.01b (up 47% from 3Q 2020). Profit margin: 7.0% (up from 5.2% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 12% per year, which means it is performing significantly worse than earnings. Is New 90 Day High Low • Jan 12
New 90-day high: JP¥1,456 The company is up 4.0% from its price of JP¥1,394 on 14 October 2020. The Japanese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Specialty Retail industry, which is up 13% over the same period.