Annuncio • May 07
CB GROUP MANAGEMENT Co., Ltd. to Delist from Standard Section of the Tokyo Stock Exchange, Effective May 14, 2025 CB GROUP MANAGEMENT Co., Ltd. will be delisted from Standard Section of the Tokyo Stock Exchange effective from May 14, 2025, due to Acquisition by a demand for share, etc. cash-out. Annuncio • Apr 08
CB GROUP MANAGEMENT Co., Ltd. to Report Fiscal Year 2025 Results on May 09, 2025 CB GROUP MANAGEMENT Co., Ltd. announced that they will report fiscal year 2025 results on May 09, 2025 Annuncio • Mar 26
C Holdings Co., Ltd. completed the acquisition of 93.05% stake in CB GROUP MANAGEMENT Co., Ltd. (TSE:9852) from Central Shoji Co. Ltd., CBGM Children's Foundation, Chuo Bussan Corporation Mutual Prosperity Association, Seiichiro Kojima, Naomi Kojima and others for ¥16.3 billion. C Holdings Co., Ltd. proposed to acquire CB GROUP MANAGEMENT Co., Ltd. (TSE:9852) from Central Shoji Co. Ltd., CBGM Children's Foundation, Seiichiro Kojima, Naomi Kojima and others for ¥17.6 billion on February 5, 2025. A cash consideration of ¥17.59 billion valued at ¥8058 per share will be paid by C Holdings Co., Ltd. As part of consideration, ¥17.59 billion is paid towards common equity of CB GROUP MANAGEMENT Co., Ltd. The Board of Directors of CB GROUP MANAGEMENT Co., Ltd. formed a special committee for the transaction. The Board of Directors of CB GROUP MANAGEMENT Co., Ltd. recommended shareholders to tender their shares. The expected completion of the transaction is March 23, 2025. Mori Hamada & Matsumoto LPC acted as legal advisor for CB GROUP MANAGEMENT Co., Ltd. Otemachi M&A Advisory Co., Ltd. acted as financial advisor for CB GROUP MANAGEMENT Co., Ltd. Daiwa Securities Co., Ltd acted as tender offer agent.
C Holdings Co., Ltd. completed the acquisition of 93.05% stake in CB GROUP MANAGEMENT Co., Ltd. (TSE:9852) from Central Shoji Co. Ltd., CBGM Children's Foundation, Chuo Bussan Corporation Mutual Prosperity Association, Seiichiro Kojima, Naomi Kojima and others for ¥16.3 billion on March 24, 2025. Annuncio • Feb 07
C Holdings Co., Ltd. proposed to acquire CB GROUP MANAGEMENT Co., Ltd. (TSE:9852) from Central Shoji Co. Ltd., CBGM Children's Foundation, Seiichiro Kojima, Naomi Kojima and others for ¥17.6 billion. C Holdings Co., Ltd. proposed to acquire CB GROUP MANAGEMENT Co., Ltd. (TSE:9852) from Central Shoji Co. Ltd., CBGM Children's Foundation, Seiichiro Kojima, Naomi Kojima and others for ¥17.6 billion on February 5, 2025. A cash consideration of ¥17.59 billion valued at ¥8058 per share will be paid by C Holdings Co., Ltd. As part of consideration, ¥17.59 billion is paid towards common equity of CB GROUP MANAGEMENT Co., Ltd. The Board of Directors of CB GROUP MANAGEMENT Co., Ltd. formed a special committee for the transaction. The Board of Directors of CB GROUP MANAGEMENT Co., Ltd. recommended shareholders to tender their shares. The expected completion of the transaction is March 23, 2025. Mori Hamada & Matsumoto LPC acted as legal advisor for CB GROUP MANAGEMENT Co., Ltd. Otemachi M&A Advisory Co., Ltd. acted as financial advisor for CB GROUP MANAGEMENT Co., Ltd. Daiwa Securities Co., Ltd acted as tender offer agent. Reported Earnings • Feb 07
Third quarter 2025 earnings released: EPS: JP¥337 (vs JP¥303 in 3Q 2024) Third quarter 2025 results: EPS: JP¥337 (up from JP¥303 in 3Q 2024). Revenue: JP¥48.1b (up 14% from 3Q 2024). Net income: JP¥728.0m (up 12% from 3Q 2024). Profit margin: 1.5% (down from 1.6% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Feb 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.0% average weekly change). Market cap is less than US$100m (JP¥13.6b market cap, or US$89.2m). Valuation Update With 7 Day Price Move • Feb 06
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to JP¥6,300, the stock trades at a trailing P/E ratio of 4.9x. Average trailing P/E is 11x in the Retail Distributors industry in Japan. Total returns to shareholders of 156% over the past three years. Annuncio • Dec 06
CB GROUP MANAGEMENT Co., Ltd. to Report Q3, 2025 Results on Feb 05, 2025 CB GROUP MANAGEMENT Co., Ltd. announced that they will report Q3, 2025 results on Feb 05, 2025 Reported Earnings • Nov 10
Second quarter 2025 earnings released: EPS: JP¥311 (vs JP¥76.10 in 2Q 2024) Second quarter 2025 results: EPS: JP¥311 (up from JP¥76.10 in 2Q 2024). Revenue: JP¥41.4b (up 19% from 2Q 2024). Net income: JP¥670.0m (up 309% from 2Q 2024). Profit margin: 1.6% (up from 0.5% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Annuncio • Aug 27
CB GROUP MANAGEMENT Co., Ltd. to Report Q2, 2025 Results on Nov 08, 2024 CB GROUP MANAGEMENT Co., Ltd. announced that they will report Q2, 2025 results on Nov 08, 2024 Reported Earnings • Aug 14
First quarter 2025 earnings released: EPS: JP¥305 (vs JP¥203 in 1Q 2024) First quarter 2025 results: EPS: JP¥305 (up from JP¥203 in 1Q 2024). Revenue: JP¥42.2b (up 17% from 1Q 2024). Net income: JP¥658.0m (up 51% from 1Q 2024). Profit margin: 1.6% (up from 1.2% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Annuncio • Jun 02
CB GROUP MANAGEMENT Co., Ltd. to Report Q1, 2025 Results on Aug 09, 2024 CB GROUP MANAGEMENT Co., Ltd. announced that they will report Q1, 2025 results on Aug 09, 2024 Reported Earnings • May 12
Full year 2024 earnings released: EPS: JP¥954 (vs JP¥779 in FY 2023) Full year 2024 results: EPS: JP¥954 (up from JP¥779 in FY 2023). Revenue: JP¥147.3b (up 6.1% from FY 2023). Net income: JP¥2.06b (up 25% from FY 2023). Profit margin: 1.4% (up from 1.2% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Annuncio • May 12
CB GROUP MANAGEMENT Co., Ltd., Annual General Meeting, Jun 27, 2024 CB GROUP MANAGEMENT Co., Ltd., Annual General Meeting, Jun 27, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥100.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 11% but the company is not cash flow positive. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (2.4%). Annuncio • Mar 07
CB GROUP MANAGEMENT Co., Ltd. to Report Fiscal Year 2024 Results on May 10, 2024 CB GROUP MANAGEMENT Co., Ltd. announced that they will report fiscal year 2024 results on May 10, 2024 Reported Earnings • Feb 10
Third quarter 2024 earnings released: EPS: JP¥302 (vs JP¥145 in 3Q 2023) Third quarter 2024 results: EPS: JP¥302 (up from JP¥145 in 3Q 2023). Revenue: JP¥42.0b (up 15% from 3Q 2023). Net income: JP¥652.0m (up 109% from 3Q 2023). Profit margin: 1.6% (up from 0.9% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Annuncio • Dec 01
CB GROUP MANAGEMENT Co., Ltd. to Report Q3, 2024 Results on Feb 09, 2024 CB GROUP MANAGEMENT Co., Ltd. announced that they will report Q3, 2024 results on Feb 09, 2024 Reported Earnings • Nov 11
Second quarter 2024 earnings released: EPS: JP¥76.05 (vs JP¥68.29 in 2Q 2023) Second quarter 2024 results: EPS: JP¥76.05 (up from JP¥68.29 in 2Q 2023). Revenue: JP¥34.9b (up 1.7% from 2Q 2023). Net income: JP¥164.0m (up 15% from 2Q 2023). Profit margin: 0.5% (up from 0.4% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Annuncio • Sep 02
CB GROUP MANAGEMENT Co., Ltd. to Report Q2, 2024 Results on Nov 10, 2023 CB GROUP MANAGEMENT Co., Ltd. announced that they will report Q2, 2024 results on Nov 10, 2023 Reported Earnings • Aug 12
First quarter 2024 earnings released: EPS: JP¥203 (vs JP¥209 in 1Q 2023) First quarter 2024 results: EPS: JP¥203. Revenue: JP¥36.1b (up 1.8% from 1Q 2023). Net income: JP¥437.0m (up 1.6% from 1Q 2023). Profit margin: 1.2% (in line with 1Q 2023). Annuncio • Jun 17
CB GROUP MANAGEMENT Co., Ltd. to Report Q1, 2024 Results on Aug 10, 2023 CB GROUP MANAGEMENT Co., Ltd. announced that they will report Q1, 2024 results on Aug 10, 2023 Reported Earnings • May 17
Full year 2023 earnings released: EPS: JP¥779 (vs JP¥603 in FY 2022) Full year 2023 results: EPS: JP¥779 (up from JP¥603 in FY 2022). Revenue: JP¥138.8b (down 8.0% from FY 2022). Net income: JP¥1.65b (up 33% from FY 2022). Profit margin: 1.2% (up from 0.8% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Annuncio • May 14
CB GROUP MANAGEMENT Co., Ltd., Annual General Meeting, Jun 29, 2023 CB GROUP MANAGEMENT Co., Ltd., Annual General Meeting, Jun 29, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥100.00 per share at 3.0% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 10.0% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.4%). Reported Earnings • Feb 13
Third quarter 2023 earnings released: EPS: JP¥145 (vs JP¥26.29 in 3Q 2022) Third quarter 2023 results: EPS: JP¥145 (up from JP¥26.29 in 3Q 2022). Revenue: JP¥36.6b (down 8.2% from 3Q 2022). Net income: JP¥312.0m (up 478% from 3Q 2022). Profit margin: 0.9% (up from 0.1% in 3Q 2022). 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 4% per year, which means it is significantly lagging earnings growth. Annuncio • Dec 28
CB GROUP MANAGEMENT Co., Ltd. to Report Q3, 2023 Results on Feb 10, 2023 CB GROUP MANAGEMENT Co., Ltd. announced that they will report Q3, 2023 results on Feb 10, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: JP¥68.27 (vs JP¥124 loss in 2Q 2022) Second quarter 2023 results: EPS: JP¥68.27 (up from JP¥124 loss in 2Q 2022). Revenue: JP¥34.3b (down 5.8% from 2Q 2022). Net income: JP¥143.0m (up JP¥398.0m from 2Q 2022). Profit margin: 0.4% (up from net loss in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
No independent directors There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 5 experienced directors. 6 highly experienced directors. No independent directors (12 non-independent directors). Executive VP & Director Daio Shimizu was the last director to join the board, commencing their role in 2022. 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 • Nov 13
Second quarter 2023 earnings released: EPS: JP¥68.27 (vs JP¥124 loss in 2Q 2022) Second quarter 2023 results: EPS: JP¥68.27 (up from JP¥124 loss in 2Q 2022). Revenue: JP¥34.3b (down 5.8% from 2Q 2022). Net income: JP¥143.0m (up JP¥398.0m from 2Q 2022). Profit margin: 0.4% (up from net loss in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Annuncio • Sep 14
CB GROUP MANAGEMENT Co., Ltd. to Report Q2, 2023 Results on Nov 11, 2022 CB GROUP MANAGEMENT Co., Ltd. announced that they will report Q2, 2023 results on Nov 11, 2022 Reported Earnings • Aug 07
First quarter 2023 earnings released: EPS: JP¥209 (vs JP¥111 in 1Q 2022) First quarter 2023 results: EPS: JP¥209 (up from JP¥111 in 1Q 2022). Revenue: JP¥35.5b (down 9.5% from 1Q 2022). Net income: JP¥430.0m (up 89% from 1Q 2022). Profit margin: 1.2% (up from 0.6% in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Annuncio • Jun 30
CB GROUP MANAGEMENT Co., Ltd. to Report Q1, 2023 Results on Aug 05, 2022 CB GROUP MANAGEMENT Co., Ltd. announced that they will report Q1, 2023 results on Aug 05, 2022 Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment improved over the past week After last week's 15% share price gain to JP¥2,960, the stock trades at a trailing P/E ratio of 4.9x. Average trailing P/E is 11x in the Retail Distributors industry in Japan. Total returns to shareholders of 32% over the past three years. Annuncio • May 18
CB GROUP MANAGEMENT Co., Ltd., Annual General Meeting, Jun 29, 2022 CB GROUP MANAGEMENT Co., Ltd., Annual General Meeting, Jun 29, 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. 5 experienced directors. 6 highly experienced directors. No independent directors (10 non-independent directors). Chief of Corporate Strategy Office, Vice President, General Manager of Administration and Director Yukio Hara was the last director to join the board, commencing their role in 2015. 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 16
CB GROUP MANAGEMENT Co., Ltd. to Report Fiscal Year 2022 Results on May 13, 2022 CB GROUP MANAGEMENT Co., Ltd. announced that they will report fiscal year 2022 results on May 13, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥100.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 30 June 2022. Payout ratio is a comfortable 56% but the company is not cash flow positive. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (2.4%). Reported Earnings • Feb 12
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥26.26 (down from JP¥85.16 in 3Q 2021). Revenue: JP¥39.9b (up 4.1% from 3Q 2021). Net income: JP¥54.0m (down 69% from 3Q 2021). Profit margin: 0.1% (down from 0.5% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 1% per year. Reported Earnings • Nov 07
Second quarter 2022 earnings released: JP¥124 loss per share (vs JP¥45.23 profit in 2Q 2021) The company reported a poor second quarter result with weaker earnings and control over costs, although revenues were flat. Second quarter 2022 results: Revenue: JP¥36.4b (flat on 2Q 2021). Net loss: JP¥255.0m (down 377% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 10% per year, which means it is performing significantly worse than earnings. Reported Earnings • Aug 11
First quarter 2022 earnings released: EPS JP¥110 (vs JP¥167 in 1Q 2021) The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2022 results: Revenue: JP¥39.2b (up 2.1% from 1Q 2021). Net income: JP¥227.0m (down 33% from 1Q 2021). Profit margin: 0.6% (down from 0.9% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 9% per year. Reported Earnings • May 17
Full year 2021 earnings released: EPS JP¥464 (vs JP¥170 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥149.5b (up 1.8% from FY 2020). Net income: JP¥948.0m (up 172% from FY 2020). Profit margin: 0.6% (up from 0.2% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥100.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 29 June 2021. Trailing yield: 3.7%. Within top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.8%). Is New 90 Day High Low • Feb 08
New 90-day high: JP¥2,989 The company is up 4.0% from its price of JP¥2,864 on 10 November 2020. The Japanese market is up 12% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Retail Distributors industry, which is down 1.0% over the same period. Reported Earnings • Feb 07
Third quarter 2021 earnings released: EPS JP¥85.11 (vs JP¥26.54 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥38.3b (up 5.8% from 3Q 2020). Net income: JP¥175.0m (up 224% from 3Q 2020). Profit margin: 0.5% (up from 0.1% 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 23% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Annuncio • Jan 23
CB GROUP MANAGEMENT Co., Ltd. to Report Q3, 2021 Results on Feb 05, 2021 CB GROUP MANAGEMENT Co., Ltd. announced that they will report Q3, 2021 results on Feb 05, 2021 Is New 90 Day High Low • Dec 30
New 90-day high: JP¥2,980 The company is up 9.0% from its price of JP¥2,725 on 30 September 2020. The Japanese market is up 12% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Retail Distributors industry, which is up 2.0% over the same period. Is New 90 Day High Low • Oct 30
New 90-day high: JP¥2,877 The company is up 19% from its price of JP¥2,420 on 31 July 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Retail Distributors industry, which is up 9.0% over the same period. Is New 90 Day High Low • Oct 14
New 90-day high: JP¥2,810 The company is up 28% from its price of JP¥2,194 on 16 July 2020. The Japanese market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Retail Distributors industry, which is up 14% over the same period. Is New 90 Day High Low • Sep 18
New 90-day high: JP¥2,641 The company is up 23% from its price of JP¥2,152 on 19 June 2020. The Japanese market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Retail Distributors industry, which is up 18% over the same period. Annuncio • Jul 26
CB GROUP MANAGEMENT Co., Ltd. to Report Q1, 2021 Results on Aug 07, 2020 CB GROUP MANAGEMENT Co., Ltd. announced that they will report Q1, 2021 results on Aug 07, 2020