View Future GrowthThis company listing is no longer activeThis company may still be operating, however this listing is no longer active. Find out why through their latest events.See Latest EventsPressance 過去の業績過去 基準チェック /06Pressanceの収益は年間平均-2.8%の割合で減少していますが、 Consumer Durables業界の収益は年間 増加しています。収益は年間3.2% 8.5%割合で 減少しています。 Pressanceの自己資本利益率は9.1%であり、純利益率は9.8%です。主要情報-2.80%収益成長率-5.06%EPS成長率Consumer Durables 業界の成長6.80%収益成長率-8.45%株主資本利益率9.15%ネット・マージン9.79%前回の決算情報31 Dec 2024最近の業績更新Reported Earnings • Feb 15First quarter 2025 earnings released: EPS: JP¥31.44 (vs JP¥76.99 in 1Q 2024)First quarter 2025 results: EPS: JP¥31.44 (down from JP¥76.99 in 1Q 2024). Revenue: JP¥42.9b (up 4.7% from 1Q 2024). Net income: JP¥2.18b (down 59% from 1Q 2024). Profit margin: 5.1% (down from 13% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, while revenues in the Consumer Durables industry in Japan are expected to remain flat.お知らせ • Jan 17Pressance Corporation to Report Q1, 2025 Results on Feb 13, 2025Pressance Corporation announced that they will report Q1, 2025 results on Feb 13, 2025Reported Earnings • Dec 28Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: JP¥304 (up from JP¥255 in FY 2023). Revenue: JP¥180.7b (up 12% from FY 2023). Net income: JP¥21.0b (up 20% from FY 2023). Profit margin: 12% (in line with FY 2023). Revenue exceeded analyst estimates by 5.4%. Earnings per share (EPS) also surpassed analyst estimates by 31%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 1.3% growth forecast for the Consumer Durables 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.分析記事 • Nov 25Pressance's (TSE:3254) Profits Appear To Have Quality IssuesPressance Corporation's ( TSE:3254 ) stock didn't jump after it announced some healthy earnings. We did some digging...お知らせ • Sep 19Pressance Corporation to Report Fiscal Year 2024 Results on Nov 14, 2024Pressance Corporation announced that they will report fiscal year 2024 results on Nov 14, 2024Reported Earnings • Aug 18Third quarter 2024 earnings released: EPS: JP¥46.65 (vs JP¥51.98 in 3Q 2023)Third quarter 2024 results: EPS: JP¥46.65 (down from JP¥51.98 in 3Q 2023). Revenue: JP¥33.1b (down 6.8% from 3Q 2023). Net income: JP¥3.23b (down 9.7% from 3Q 2023). Profit margin: 9.7% (in line with 3Q 2023). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Consumer Durables 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 increased by 5% per year.すべての更新を表示Recent updatesお知らせ • Mar 12Pressance Corporation to Delist from Standard Section of the Tokyo Stock Exchange, Effective March 28, 2025Pressance Corporation will be delisted from Standard Section of the Tokyo Stock Exchange effective from March 28, 2025, due to Acquisition by a demand for share, etc. cash-out.お知らせ • Feb 28Open House Group Co., Ltd. (TSE:3288) completed the acquisition of 31.32% stake in Pressance Corporation (TSE:3254) from a group of shareholders for ¥51.9 billion.Open House Group Co., Ltd. (TSE:3288) proposed to acquire remaining 36.58% stake in Pressance Corporation (TSE:3254) from a group of shareholders for ¥60.7 billion on January 10, 2025. A cash consideration of ¥60.68 billion valued at ¥2390 per share will be paid by Open House Group Co., Ltd. As part of consideration, ¥60.68 billion is paid towards common equity of Pressance Corporation. The transaction will be financed through senior debt of ¥60.7 billion from from Sumitomo Mitsui Banking Corp. Tender Offeror will implement the Squeeze-Out Procedure with the aim of making the Tender Offeror the only shareholder of the Pressance Corporation. Tender offer will commence on January 14, 2025 and will end on February 26, 2025. The settlement of the offer will take place on March 5, 2025. The transaction is subject to approval of merger agreement by board of directors of Pressance Corporation, consummation of due diligence investigation and minimum tender. The Board of Directors of Pressance Corporation formed a special committee for the transaction. The deal has been unanimously approved by the board of directors of Pressance Corporation. The expected completion of the transaction is February 26, 2025. SMBC Nikko Securities Inc. acted as financial advisor for Open House Group Co., Ltd. Nagashima Ohno & Tsunematsu acted as legal advisor for Open House Group Co., Ltd. Mizuho Securities Co., Ltd. acted as financial advisor for Pressance Corporation. Mizuho Securities Co., Ltd. acted as fairness opinion provider for Pressance Corporation. Anderson Mori & Tomotsune LPC acted as legal advisor for Pressance Corporation. Open House Group Co., Ltd. (TSE:3288) completed the acquisition of 31.32% stake in Pressance Corporation (TSE:3254) from a group of shareholders for ¥51.9 billion on February 26, 2025.Reported Earnings • Feb 15First quarter 2025 earnings released: EPS: JP¥31.44 (vs JP¥76.99 in 1Q 2024)First quarter 2025 results: EPS: JP¥31.44 (down from JP¥76.99 in 1Q 2024). Revenue: JP¥42.9b (up 4.7% from 1Q 2024). Net income: JP¥2.18b (down 59% from 1Q 2024). Profit margin: 5.1% (down from 13% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, while revenues in the Consumer Durables industry in Japan are expected to remain flat.お知らせ • Jan 17Pressance Corporation to Report Q1, 2025 Results on Feb 13, 2025Pressance Corporation announced that they will report Q1, 2025 results on Feb 13, 2025New Risk • Jan 14New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.9% 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: Major Risks Earnings are forecast to decline by an average of 3.2% per year for the foreseeable future. High level of non-cash earnings (26% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.9% average weekly change).Valuation Update With 7 Day Price Move • Jan 14Investor sentiment improves as stock rises 20%After last week's 20% share price gain to JP¥2,357, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 11x in the Consumer Durables industry in Japan. Total returns to shareholders of 18% over the past three years.お知らせ • Jan 11Open House Group Co., Ltd. (TSE:3288) proposed to acquire remaining 36.58% stake in Pressance Corporation (TSE:3254) from a group of shareholders for ¥60.7 billion.Open House Group Co., Ltd. (TSE:3288) proposed to acquire remaining 36.58% stake in Pressance Corporation (TSE:3254) from a group of shareholders for ¥60.7 billion on January 10, 2025. A cash consideration of ¥60.68 billion valued at ¥2390 per share will be paid by Open House Group Co., Ltd. As part of consideration, ¥60.68 billion is paid towards common equity of Pressance Corporation. The transaction will be financed through senior debt of ¥60.68 billion from from Sumitomo Mitsui Banking Corp. Tender Offeror will implement the Squeeze-Out Procedure with the aim of making the Tender Offeror the only shareholder of the Target Company. The transaction is subject to approval of merger agreement by target board, consummation of due diligence investigation and minimum tender. The Board of Directors of Pressance Corporation formed a special committee for the transaction. The deal has been unanimously approved by the board. The expected completion of the transaction is February 26, 2025. SMBC Nikko Securities Inc. acted as financial advisor for Open House Group Co., Ltd. Nagashima Ohno & Tsunematsu acted as legal advisor for Open House Group Co., Ltd. Mizuho Securities Co., Ltd. acted as financial advisor for Pressance Corporation. Mizuho Securities Co., Ltd. acted as fairness opinion provider for Pressance Corporation. Anderson Mori & Tomotsune LPC acted as legal advisor for Pressance Corporation.分析記事 • Jan 06Pressance (TSE:3254) Is Due To Pay A Dividend Of ¥24.00The board of Pressance Corporation ( TSE:3254 ) has announced that it will pay a dividend on the 4th of June, with...Declared Dividend • Jan 06Final dividend of JP¥24.00 announcedShareholders will receive a dividend of JP¥24.00. Ex-date: 28th March 2025 Payment date: 4th June 2025 Dividend yield will be 2.5%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is covered by earnings (15% 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 increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 9.7% over the next 3 years. However, it would need to fall by 84% to increase the payout ratio to a potentially unsustainable range.Reported Earnings • Dec 28Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: JP¥304 (up from JP¥255 in FY 2023). Revenue: JP¥180.7b (up 12% from FY 2023). Net income: JP¥21.0b (up 20% from FY 2023). Profit margin: 12% (in line with FY 2023). Revenue exceeded analyst estimates by 5.4%. Earnings per share (EPS) also surpassed analyst estimates by 31%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 1.3% growth forecast for the Consumer Durables 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.Price Target Changed • Dec 12Price target increased by 9.4% to JP¥1,750Up from JP¥1,600, the current price target is provided by 1 analyst. New target price is 9.9% below last closing price of JP¥1,943. Stock is up 26% over the past year. The company is forecast to post earnings per share of JP¥228 for next year compared to JP¥304 last year.分析記事 • Nov 25Pressance's (TSE:3254) Profits Appear To Have Quality IssuesPressance Corporation's ( TSE:3254 ) stock didn't jump after it announced some healthy earnings. We did some digging...New Risk • Nov 24New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 8.7% 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 Risks Earnings are forecast to decline by an average of 8.7% per year for the foreseeable future. High level of non-cash earnings (26% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.お知らせ • Nov 14Pressance Corporation, Annual General Meeting, Dec 20, 2024Pressance Corporation, Annual General Meeting, Dec 20, 2024.分析記事 • Oct 23Pressance Corporation's (TSE:3254) Share Price Is Matching Sentiment Around Its EarningsWith a price-to-earnings (or "P/E") ratio of 7.2x Pressance Corporation ( TSE:3254 ) may be sending bullish signals at...Upcoming Dividend • Sep 20Upcoming dividend of JP¥23.00 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 18 December 2024. Payout ratio is a comfortable 16% but the company is not cash flow positive. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.8%).分析記事 • Sep 19Pressance (TSE:3254) Is Increasing Its Dividend To ¥23.00Pressance Corporation's ( TSE:3254 ) dividend will be increasing from last year's payment of the same period to ¥23.00...お知らせ • Sep 19Pressance Corporation to Report Fiscal Year 2024 Results on Nov 14, 2024Pressance Corporation announced that they will report fiscal year 2024 results on Nov 14, 2024Reported Earnings • Aug 18Third quarter 2024 earnings released: EPS: JP¥46.65 (vs JP¥51.98 in 3Q 2023)Third quarter 2024 results: EPS: JP¥46.65 (down from JP¥51.98 in 3Q 2023). Revenue: JP¥33.1b (down 6.8% from 3Q 2023). Net income: JP¥3.23b (down 9.7% from 3Q 2023). Profit margin: 9.7% (in line with 3Q 2023). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Consumer Durables 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 increased by 5% per year.分析記事 • Aug 15Pressance (TSE:3254) Is Increasing Its Dividend To ¥23.00The board of Pressance Corporation ( TSE:3254 ) has announced that it will be increasing its dividend by 9.5% on the...Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to JP¥1,695, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 11x in the Consumer Durables industry in Japan. Total returns to shareholders of 10% over the past three years.分析記事 • Aug 01Pressance (TSE:3254) Seems To Use Debt Quite SensiblyDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...お知らせ • Jun 02Pressance Corporation to Report Q3, 2024 Results on Aug 13, 2024Pressance Corporation announced that they will report Q3, 2024 results on Aug 13, 2024New Risk • May 31New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.6% 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 Risks Earnings are forecast to decline by an average of 0.6% per year for the foreseeable future. High level of non-cash earnings (29% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.Reported Earnings • May 20Second quarter 2024 earnings released: EPS: JP¥84.86 (vs JP¥83.49 in 2Q 2023)Second quarter 2024 results: EPS: JP¥84.86 (up from JP¥83.49 in 2Q 2023). Revenue: JP¥41.9b (down 9.8% from 2Q 2023). Net income: JP¥5.87b (up 2.2% from 2Q 2023). Profit margin: 14% (up from 12% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Consumer Durables industry in Japan. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has remained flat.Declared Dividend • May 17Dividend of JP¥21.00 announcedShareholders will receive a dividend of JP¥21.00. Ex-date: 27th September 2024 Payment date: 18th December 2024 Dividend yield will be 2.4%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is covered by earnings (15% 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 increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 11% over the next 3 years, which should provide support to the dividend and adequate earnings cover.分析記事 • Apr 26Does Pressance (TSE:3254) Have A Healthy Balance Sheet?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...分析記事 • Mar 25Pressance's (TSE:3254) Dividend Will Be ¥21.00Pressance Corporation's ( TSE:3254 ) investors are due to receive a payment of ¥21.00 per share on 3rd of June. This...お知らせ • Mar 24Pressance Corporation to Report Q2, 2024 Results on May 15, 2024Pressance Corporation announced that they will report Q2, 2024 results on May 15, 2024Upcoming Dividend • Mar 21Upcoming dividend of JP¥21.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 03 June 2024. Payout ratio is a comfortable 15% but the company is not cash flow positive. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.6%).分析記事 • Feb 28Pressance (TSE:3254) Has Announced A Dividend Of ¥21.00The board of Pressance Corporation ( TSE:3254 ) has announced that it will pay a dividend on the 3rd of June, with...Reported Earnings • Feb 16First quarter 2024 earnings released: EPS: JP¥76.99 (vs JP¥68.30 in 1Q 2023)First quarter 2024 results: EPS: JP¥76.99 (up from JP¥68.30 in 1Q 2023). Revenue: JP¥41.0b (up 4.6% from 1Q 2023). Net income: JP¥5.32b (up 13% from 1Q 2023). Profit margin: 13% (up from 12% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Consumer Durables 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 4% per year, which means it is well ahead of earnings.お知らせ • Jan 09Pressance Corporation to Report Q1, 2024 Results on Feb 14, 2024Pressance Corporation announced that they will report Q1, 2024 results on Feb 14, 2024New Risk • Nov 21New major risk - Revenue and earnings growthEarnings have declined by 4.2% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 4.2% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Reported Earnings • Nov 18Full year 2023 earnings: EPS exceeds analyst expectationsFull year 2023 results: EPS: JP¥255 (up from JP¥206 in FY 2022). Revenue: JP¥161.3b (up 11% from FY 2022). Net income: JP¥17.5b (up 24% from FY 2022). Profit margin: 11% (up from 9.7% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.4%. Revenue is forecast to grow 9.6% p.a. on average during the next 2 years, compared to a 1.9% growth forecast for the Consumer Durables industry in Japan. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 6% per year.お知らせ • Nov 17Pressance Corporation, Annual General Meeting, Dec 15, 2023Pressance Corporation, Annual General Meeting, Dec 15, 2023.Upcoming Dividend • Sep 21Upcoming dividend of JP¥21.00 per share at 2.0% yieldEligible shareholders must have bought the stock before 28 September 2023. Payment date: 19 December 2023. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.6%).お知らせ • Sep 02Pressance Corporation to Report Fiscal Year 2023 Results on Nov 14, 2023Pressance Corporation announced that they will report fiscal year 2023 results on Nov 14, 2023Reported Earnings • Aug 16Third quarter 2023 earnings released: EPS: JP¥51.98 (vs JP¥66.43 in 3Q 2022)Third quarter 2023 results: EPS: JP¥51.98 (down from JP¥66.43 in 3Q 2022). Revenue: JP¥35.6b (down 12% from 3Q 2022). Net income: JP¥3.57b (down 22% from 3Q 2022). Profit margin: 10% (down from 11% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Consumer Durables industry in Japan. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.お知らせ • Jun 15Pressance Corporation to Report Q3, 2023 Results on Aug 14, 2023Pressance Corporation announced that they will report Q3, 2023 results on Aug 14, 2023Reported Earnings • May 21Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2023 results: EPS: JP¥83.49 (up from JP¥67.08 in 2Q 2022). Revenue: JP¥46.5b (down 6.8% from 2Q 2022). Net income: JP¥5.74b (up 26% from 2Q 2022). Profit margin: 12% (up from 9.1% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 5.8%. Earnings per share (EPS) exceeded analyst estimates by 43%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Consumer Durables industry in Japan. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings.Upcoming Dividend • Mar 23Upcoming dividend of JP¥19.00 per share at 2.2% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 02 June 2023. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.8%).Reported Earnings • Feb 17First quarter 2023 earnings released: EPS: JP¥68.30 (vs JP¥67.08 in 1Q 2022)First quarter 2023 results: EPS: JP¥68.30 (up from JP¥67.08 in 1Q 2022). Revenue: JP¥39.2b (down 22% from 1Q 2022). Net income: JP¥4.69b (up 2.9% from 1Q 2022). Profit margin: 12% (up from 9.1% in 1Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Consumer Durables industry in Japan. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.お知らせ • Dec 15Pressance Corporation to Report Q1, 2023 Results on Feb 14, 2023Pressance Corporation announced that they will report Q1, 2023 results on Feb 14, 2023お知らせ • Nov 23+ 2 more updatesPressance Corporation Provides Dividend Guidance for the Second Quarter of Fiscal Year Ending September 30, 2023Pressance Corporation provided dividend guidance for the second quarter of fiscal year ending September 30, 2023. For the quarter, the company expects to pay dividend of JPY 19.00 per share against JPY 16.00 per share paid a year ago.お知らせ • Nov 16Pressance Corporation, Annual General Meeting, Dec 16, 2022Pressance Corporation, Annual General Meeting, Dec 16, 2022.Board Change • Nov 16Less than half of directors are independentThere 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. 7 experienced directors. 2 highly experienced directors. 1 independent director (9 non-independent directors). Independent External Director Toshiyuki Yukami was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.お知らせ • Sep 25Pressance Corporation to Report Fiscal Year 2022 Results on Nov 14, 2022Pressance Corporation announced that they will report fiscal year 2022 results on Nov 14, 2022Upcoming Dividend • Sep 22Upcoming dividend of JP¥19.00 per shareEligible shareholders must have bought the stock before 29 September 2022. Payment date: 20 December 2022. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.9%).お知らせ • Aug 23+ 1 more updatePressance Corporation Provides Consolidated Dividend Guidance for the Fiscal Year Ending September 30, 2022Pressance Corporation provided consolidated dividend guidance for the fiscal year ending September 30, 2022. For the year, the company expects dividend of JPY 19.00 per share against JPY 16.00 per share paid a year ago.お知らせ • Jun 23Pressance Corporation to Report Q3, 2022 Results on Aug 12, 2022Pressance Corporation announced that they will report Q3, 2022 results on Aug 12, 2022お知らせ • May 24+ 1 more updatePressance Corporation Announces Second Quarter-End Dividend for the Fiscal Year Ending September 30, 2022, Payable on June 2, 2022Pressance Corporation announced second quarter-end dividend for the fiscal year ending September 30, 2022. For the second quarter-end, the company announced to pay dividend of JPY 16.00 per share. Scheduled date of start of dividend payment: June 2, 2022.Price Target Changed • Apr 27Price target increased to JP¥1,800Up from JP¥1,600, the current price target is provided by 1 analyst. New target price is 19% above last closing price of JP¥1,518. Stock is down 5.1% over the past year. The company posted earnings per share of JP¥315 last year.Board Change • Apr 27Less than half of directors are independentThere 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. 7 experienced directors. 2 highly experienced directors. 1 independent director (9 non-independent directors). Independent External Director Toshiyuki Yukami was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.お知らせ • Apr 07Pressance Corporation to Report Q2, 2022 Results on May 13, 2022Pressance Corporation announced that they will report Q2, 2022 results on May 13, 2022Reported Earnings • Feb 20Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2022 results: EPS: JP¥58.41 (down from JP¥94.00 in 3Q 2021). Revenue: JP¥37.0b (down 37% from 3Q 2021). Net income: JP¥3.98b (down 34% from 3Q 2021). Profit margin: 11% (in line with 3Q 2021). Revenue missed analyst estimates by 15%. Earnings per share (EPS) exceeded analyst estimates by 2.5%. Over the next year, revenue is expected to shrink by 20% compared to a 5.0% growth forecast for the 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 9% per year, which means it is well ahead of earnings.Price Target Changed • Dec 10Price target increased to JP¥1,800Up from JP¥1,600, the current price target is provided by 1 analyst. New target price is 7.2% below last closing price of JP¥1,940. Stock is up 11% over the past year. The company posted earnings per share of JP¥315 last year.Reported Earnings • Nov 15Second quarter 2022 earnings released: EPS JP¥55.79 (vs JP¥71.20 in 2Q 2021)The company reported a soft second quarter result with weaker earnings and revenues, although profit margins were improved. Second quarter 2022 results: Revenue: JP¥45.8b (down 34% from 2Q 2021). Net income: JP¥3.79b (down 17% from 2Q 2021). Profit margin: 8.3% (up from 6.6% in 2Q 2021). The increase in margin was driven by lower expenses. 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 9% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Sep 10Investor sentiment improved over the past weekAfter last week's 18% share price gain to JP¥1,936, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 13x in the Consumer Durables industry in Japan. Total returns to shareholders of 52% over the past three years.お知らせ • Aug 21Pressance Corporation Provides Consolidated Earnings Guidance for the Full Year Ending September 30, 2021Pressance Corporation provided consolidated earnings guidance for the full year ending September 30, 2021. For the period, the company expected net sales of JPY 95,203 million, operating profit of JPY 11,883 million, profit attributable to owners of parent of JPY 7,791 million and basic earnings per share of JPY 114.62.Executive Departure • Jul 01External Director Hakaru Nakabayashi has left the companyOn the 25th of June, Hakaru Nakabayashi's tenure as External Director ended after 6.1 years in the role. We don't have any record of a personal shareholding under Hakaru's name. Hakaru is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 4.17 years.お知らせ • May 25+ 2 more updatesPressance Corporation Co. Ltd. Provides Year End Dividend Guidance for the Year Ending September 30, 2021Pressance Corporation Co. Ltd. provided year end dividend guidance of JPY 16.0 for the year ending September 30, 2021 against JPY 16.0 per share paid a year ago.Reported Earnings • May 18Full year 2021 earnings released: EPS JP¥315 (vs JP¥347 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¥243.8b (up 8.8% from FY 2020). Net income: JP¥20.5b (down 6.2% from FY 2020). Profit margin: 8.4% (down from 9.8% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year and the company’s share price has also fallen by 1% per year.Upcoming Dividend • Mar 23Upcoming dividend of JP¥16.00 per shareEligible shareholders must have bought the stock before 30 March 2021. Payment date: 29 June 2021. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.3%).Reported Earnings • Feb 14Third quarter 2021 earnings released: EPS JP¥94.00 (vs JP¥84.77 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥59.0b (up 1.3% from 3Q 2020). Net income: JP¥6.06b (up 13% from 3Q 2020). Profit margin: 10% (up from 9.2% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has fallen by 2% per year.Analyst Estimate Surprise Post Earnings • Feb 14Revenue beats expectationsRevenue exceeded analyst estimates by 92%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is expected to shrink by 20% compared to a 5.5% growth forecast for the Consumer Durables industry in Japan.お知らせ • Jan 20Pressance Corporation announced that it has received ¥5.0000001 billion in funding from Open House Co., Ltd.On January 19, 2021, Pressance Corporation (TSE:3254) closed the transaction.お知らせ • Jan 07Pressance Corporation to Report Q3, 2021 Results on Feb 12, 2021Pressance Corporation announced that they will report Q3, 2021 results on Feb 12, 2021Price Target Changed • Dec 01Price target lowered to JP¥1,350Down from JP¥1,790, the current price target is provided by 1 analyst. The new target price is 23% below the current share price of JP¥1,754. As of last close, the stock is up 0.1% over the past year.お知らせ • Nov 14Pressance Corporation announced that it expects to receive ¥5.0000001 billion in funding from Open House Co., Ltd.Pressance Corporation (TSE:3254) announced a private placement of 3,508,772 common shares at a price of ¥1,425 for gross proceeds of ¥5,000,000,100 on November 13, 2020. The transaction will include participation from returning investor, Open House Co., Ltd. The company issued the shares through third party capital allotment subject to the effect of the securities registration statement based on the Financial Instruments and Exchange Act. The payment period will be between January 15, 2021 and January 19, 2021お知らせ • Sep 19Pressance Corporation to Report Q2, 2021 Results on Nov 13, 2020Pressance Corporation announced that they will report Q2, 2021 results on Nov 13, 2020お知らせ • Aug 21Pressance Corporation Provides Earnings Guidance for the Half Year of Fiscal 2021; Omits to Provide Earnings Guidance for the Full Year Ending March 31, 2021Pressance Corporation provides earnings guidance for the half year of fiscal 2021 and omits to provide for the full year ending March 31, 2021. For the half year, the company expects net sales to be JPY 102,288 million, operating profit to be JPY 16,080 million, profit attributable to the owners of the parent to be JPY 10,665 million or JPY 165.79 per basic share. For the full fiscal year ending March 31, 2021, the consolidated results forecasts are not provided given that, at the time of disclosure, it is difficult to rationally estimate the impact of the future influence of the virus outbreak and the timing of when the epidemic will dissipate. At the point when estimation becomes possible, the Company will promptly release the full year forecasts.収支内訳Pressance の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史TSE:3254 収益、費用、利益 ( )JPY Millions日付収益収益G+A経費研究開発費31 Dec 24182,68017,88017,531030 Sep 24180,74521,01716,430030 Jun 24156,11917,91714,386031 Mar 24158,55018,26513,711031 Dec 23163,11618,13813,977030 Sep 23161,31117,51114,061030 Jun 23161,34318,56814,839031 Mar 23159,03517,63415,025031 Dec 22147,35314,82714,480030 Sep 22145,20514,11114,711030 Sep 21208,15416,88516,527030 Jun 21231,88517,68016,553031 Mar 21243,81320,53317,502031 Dec 20234,80119,68018,362030 Sep 20234,03919,00119,045030 Jun 20221,67220,47019,740031 Mar 20224,01121,89220,417031 Dec 19205,18121,40420,051030 Sep 19164,61316,55418,994030 Jun 19147,30614,78817,778031 Mar 19160,58018,29616,995031 Dec 18172,02220,44316,146030 Sep 18189,16823,92015,718030 Jun 18179,77422,29315,270031 Mar 18134,05913,75714,060031 Dec 17129,14613,53813,829030 Sep 17105,8269,70613,023030 Jun 17103,34710,39412,427031 Mar 17101,08310,52611,733031 Dec 1682,1057,92710,803030 Sep 1678,1647,81710,368030 Jun 1670,6647,0869,783031 Mar 1678,9909,1949,276031 Dec 1578,1459,4468,491030 Sep 1578,1569,6668,114030 Jun 1584,19410,8257,930031 Mar 1565,6417,7587,437031 Dec 1466,9318,5487,593030 Sep 1466,4998,5617,518030 Jun 1449,8036,0977,178031 Mar 1451,7556,2866,8780質の高い収益: 3254 非現金収入 のレベルが高いです。利益率の向上: 3254の現在の純利益率 (9.8%)は、昨年(11.1%)よりも低くなっています。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: 3254の収益は過去 5 年間で年間2.8%減少しました。成長の加速: 3254は過去 1 年間の収益成長がマイナスであったため、5 年間の平均と比較することはできません。収益対業界: 3254は過去 1 年間で収益成長率がマイナス ( -1.4% ) となったため、 Consumer Durables業界平均 ( 18.9% ) と比較することが困難です。株主資本利益率高いROE: 3254の 自己資本利益率 ( 9.1% ) は 低い とみなされます。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YConsumer-durables 、過去の業績が好調な企業。View Financial Health企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2025/03/30 21:23終値2025/03/27 00:00収益2024/12/31年間収益2024/09/30データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社の Github ページ でご覧いただけます。また、レポートの使い方に関する ガイド や YouTube の チュートリアル もご用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Pressance Corporation 1 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。5 アナリスト機関Toshihiro NoguchiCLSAJiro KojimaDaiwa Securities Co. Ltd.Toshiyuki AnegawaMorgan Stanley2 その他のアナリストを表示
Reported Earnings • Feb 15First quarter 2025 earnings released: EPS: JP¥31.44 (vs JP¥76.99 in 1Q 2024)First quarter 2025 results: EPS: JP¥31.44 (down from JP¥76.99 in 1Q 2024). Revenue: JP¥42.9b (up 4.7% from 1Q 2024). Net income: JP¥2.18b (down 59% from 1Q 2024). Profit margin: 5.1% (down from 13% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, while revenues in the Consumer Durables industry in Japan are expected to remain flat.
お知らせ • Jan 17Pressance Corporation to Report Q1, 2025 Results on Feb 13, 2025Pressance Corporation announced that they will report Q1, 2025 results on Feb 13, 2025
Reported Earnings • Dec 28Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: JP¥304 (up from JP¥255 in FY 2023). Revenue: JP¥180.7b (up 12% from FY 2023). Net income: JP¥21.0b (up 20% from FY 2023). Profit margin: 12% (in line with FY 2023). Revenue exceeded analyst estimates by 5.4%. Earnings per share (EPS) also surpassed analyst estimates by 31%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 1.3% growth forecast for the Consumer Durables 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.
分析記事 • Nov 25Pressance's (TSE:3254) Profits Appear To Have Quality IssuesPressance Corporation's ( TSE:3254 ) stock didn't jump after it announced some healthy earnings. We did some digging...
お知らせ • Sep 19Pressance Corporation to Report Fiscal Year 2024 Results on Nov 14, 2024Pressance Corporation announced that they will report fiscal year 2024 results on Nov 14, 2024
Reported Earnings • Aug 18Third quarter 2024 earnings released: EPS: JP¥46.65 (vs JP¥51.98 in 3Q 2023)Third quarter 2024 results: EPS: JP¥46.65 (down from JP¥51.98 in 3Q 2023). Revenue: JP¥33.1b (down 6.8% from 3Q 2023). Net income: JP¥3.23b (down 9.7% from 3Q 2023). Profit margin: 9.7% (in line with 3Q 2023). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Consumer Durables 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 increased by 5% per year.
お知らせ • Mar 12Pressance Corporation to Delist from Standard Section of the Tokyo Stock Exchange, Effective March 28, 2025Pressance Corporation will be delisted from Standard Section of the Tokyo Stock Exchange effective from March 28, 2025, due to Acquisition by a demand for share, etc. cash-out.
お知らせ • Feb 28Open House Group Co., Ltd. (TSE:3288) completed the acquisition of 31.32% stake in Pressance Corporation (TSE:3254) from a group of shareholders for ¥51.9 billion.Open House Group Co., Ltd. (TSE:3288) proposed to acquire remaining 36.58% stake in Pressance Corporation (TSE:3254) from a group of shareholders for ¥60.7 billion on January 10, 2025. A cash consideration of ¥60.68 billion valued at ¥2390 per share will be paid by Open House Group Co., Ltd. As part of consideration, ¥60.68 billion is paid towards common equity of Pressance Corporation. The transaction will be financed through senior debt of ¥60.7 billion from from Sumitomo Mitsui Banking Corp. Tender Offeror will implement the Squeeze-Out Procedure with the aim of making the Tender Offeror the only shareholder of the Pressance Corporation. Tender offer will commence on January 14, 2025 and will end on February 26, 2025. The settlement of the offer will take place on March 5, 2025. The transaction is subject to approval of merger agreement by board of directors of Pressance Corporation, consummation of due diligence investigation and minimum tender. The Board of Directors of Pressance Corporation formed a special committee for the transaction. The deal has been unanimously approved by the board of directors of Pressance Corporation. The expected completion of the transaction is February 26, 2025. SMBC Nikko Securities Inc. acted as financial advisor for Open House Group Co., Ltd. Nagashima Ohno & Tsunematsu acted as legal advisor for Open House Group Co., Ltd. Mizuho Securities Co., Ltd. acted as financial advisor for Pressance Corporation. Mizuho Securities Co., Ltd. acted as fairness opinion provider for Pressance Corporation. Anderson Mori & Tomotsune LPC acted as legal advisor for Pressance Corporation. Open House Group Co., Ltd. (TSE:3288) completed the acquisition of 31.32% stake in Pressance Corporation (TSE:3254) from a group of shareholders for ¥51.9 billion on February 26, 2025.
Reported Earnings • Feb 15First quarter 2025 earnings released: EPS: JP¥31.44 (vs JP¥76.99 in 1Q 2024)First quarter 2025 results: EPS: JP¥31.44 (down from JP¥76.99 in 1Q 2024). Revenue: JP¥42.9b (up 4.7% from 1Q 2024). Net income: JP¥2.18b (down 59% from 1Q 2024). Profit margin: 5.1% (down from 13% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, while revenues in the Consumer Durables industry in Japan are expected to remain flat.
お知らせ • Jan 17Pressance Corporation to Report Q1, 2025 Results on Feb 13, 2025Pressance Corporation announced that they will report Q1, 2025 results on Feb 13, 2025
New Risk • Jan 14New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.9% 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: Major Risks Earnings are forecast to decline by an average of 3.2% per year for the foreseeable future. High level of non-cash earnings (26% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.9% average weekly change).
Valuation Update With 7 Day Price Move • Jan 14Investor sentiment improves as stock rises 20%After last week's 20% share price gain to JP¥2,357, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 11x in the Consumer Durables industry in Japan. Total returns to shareholders of 18% over the past three years.
お知らせ • Jan 11Open House Group Co., Ltd. (TSE:3288) proposed to acquire remaining 36.58% stake in Pressance Corporation (TSE:3254) from a group of shareholders for ¥60.7 billion.Open House Group Co., Ltd. (TSE:3288) proposed to acquire remaining 36.58% stake in Pressance Corporation (TSE:3254) from a group of shareholders for ¥60.7 billion on January 10, 2025. A cash consideration of ¥60.68 billion valued at ¥2390 per share will be paid by Open House Group Co., Ltd. As part of consideration, ¥60.68 billion is paid towards common equity of Pressance Corporation. The transaction will be financed through senior debt of ¥60.68 billion from from Sumitomo Mitsui Banking Corp. Tender Offeror will implement the Squeeze-Out Procedure with the aim of making the Tender Offeror the only shareholder of the Target Company. The transaction is subject to approval of merger agreement by target board, consummation of due diligence investigation and minimum tender. The Board of Directors of Pressance Corporation formed a special committee for the transaction. The deal has been unanimously approved by the board. The expected completion of the transaction is February 26, 2025. SMBC Nikko Securities Inc. acted as financial advisor for Open House Group Co., Ltd. Nagashima Ohno & Tsunematsu acted as legal advisor for Open House Group Co., Ltd. Mizuho Securities Co., Ltd. acted as financial advisor for Pressance Corporation. Mizuho Securities Co., Ltd. acted as fairness opinion provider for Pressance Corporation. Anderson Mori & Tomotsune LPC acted as legal advisor for Pressance Corporation.
分析記事 • Jan 06Pressance (TSE:3254) Is Due To Pay A Dividend Of ¥24.00The board of Pressance Corporation ( TSE:3254 ) has announced that it will pay a dividend on the 4th of June, with...
Declared Dividend • Jan 06Final dividend of JP¥24.00 announcedShareholders will receive a dividend of JP¥24.00. Ex-date: 28th March 2025 Payment date: 4th June 2025 Dividend yield will be 2.5%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is covered by earnings (15% 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 increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 9.7% over the next 3 years. However, it would need to fall by 84% to increase the payout ratio to a potentially unsustainable range.
Reported Earnings • Dec 28Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: JP¥304 (up from JP¥255 in FY 2023). Revenue: JP¥180.7b (up 12% from FY 2023). Net income: JP¥21.0b (up 20% from FY 2023). Profit margin: 12% (in line with FY 2023). Revenue exceeded analyst estimates by 5.4%. Earnings per share (EPS) also surpassed analyst estimates by 31%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 1.3% growth forecast for the Consumer Durables 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.
Price Target Changed • Dec 12Price target increased by 9.4% to JP¥1,750Up from JP¥1,600, the current price target is provided by 1 analyst. New target price is 9.9% below last closing price of JP¥1,943. Stock is up 26% over the past year. The company is forecast to post earnings per share of JP¥228 for next year compared to JP¥304 last year.
分析記事 • Nov 25Pressance's (TSE:3254) Profits Appear To Have Quality IssuesPressance Corporation's ( TSE:3254 ) stock didn't jump after it announced some healthy earnings. We did some digging...
New Risk • Nov 24New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 8.7% 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 Risks Earnings are forecast to decline by an average of 8.7% per year for the foreseeable future. High level of non-cash earnings (26% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.
お知らせ • Nov 14Pressance Corporation, Annual General Meeting, Dec 20, 2024Pressance Corporation, Annual General Meeting, Dec 20, 2024.
分析記事 • Oct 23Pressance Corporation's (TSE:3254) Share Price Is Matching Sentiment Around Its EarningsWith a price-to-earnings (or "P/E") ratio of 7.2x Pressance Corporation ( TSE:3254 ) may be sending bullish signals at...
Upcoming Dividend • Sep 20Upcoming dividend of JP¥23.00 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 18 December 2024. Payout ratio is a comfortable 16% but the company is not cash flow positive. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.8%).
分析記事 • Sep 19Pressance (TSE:3254) Is Increasing Its Dividend To ¥23.00Pressance Corporation's ( TSE:3254 ) dividend will be increasing from last year's payment of the same period to ¥23.00...
お知らせ • Sep 19Pressance Corporation to Report Fiscal Year 2024 Results on Nov 14, 2024Pressance Corporation announced that they will report fiscal year 2024 results on Nov 14, 2024
Reported Earnings • Aug 18Third quarter 2024 earnings released: EPS: JP¥46.65 (vs JP¥51.98 in 3Q 2023)Third quarter 2024 results: EPS: JP¥46.65 (down from JP¥51.98 in 3Q 2023). Revenue: JP¥33.1b (down 6.8% from 3Q 2023). Net income: JP¥3.23b (down 9.7% from 3Q 2023). Profit margin: 9.7% (in line with 3Q 2023). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Consumer Durables 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 increased by 5% per year.
分析記事 • Aug 15Pressance (TSE:3254) Is Increasing Its Dividend To ¥23.00The board of Pressance Corporation ( TSE:3254 ) has announced that it will be increasing its dividend by 9.5% on the...
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to JP¥1,695, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 11x in the Consumer Durables industry in Japan. Total returns to shareholders of 10% over the past three years.
分析記事 • Aug 01Pressance (TSE:3254) Seems To Use Debt Quite SensiblyDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
お知らせ • Jun 02Pressance Corporation to Report Q3, 2024 Results on Aug 13, 2024Pressance Corporation announced that they will report Q3, 2024 results on Aug 13, 2024
New Risk • May 31New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.6% 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 Risks Earnings are forecast to decline by an average of 0.6% per year for the foreseeable future. High level of non-cash earnings (29% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.
Reported Earnings • May 20Second quarter 2024 earnings released: EPS: JP¥84.86 (vs JP¥83.49 in 2Q 2023)Second quarter 2024 results: EPS: JP¥84.86 (up from JP¥83.49 in 2Q 2023). Revenue: JP¥41.9b (down 9.8% from 2Q 2023). Net income: JP¥5.87b (up 2.2% from 2Q 2023). Profit margin: 14% (up from 12% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Consumer Durables industry in Japan. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has remained flat.
Declared Dividend • May 17Dividend of JP¥21.00 announcedShareholders will receive a dividend of JP¥21.00. Ex-date: 27th September 2024 Payment date: 18th December 2024 Dividend yield will be 2.4%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is covered by earnings (15% 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 increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 11% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
分析記事 • Apr 26Does Pressance (TSE:3254) Have A Healthy Balance Sheet?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
分析記事 • Mar 25Pressance's (TSE:3254) Dividend Will Be ¥21.00Pressance Corporation's ( TSE:3254 ) investors are due to receive a payment of ¥21.00 per share on 3rd of June. This...
お知らせ • Mar 24Pressance Corporation to Report Q2, 2024 Results on May 15, 2024Pressance Corporation announced that they will report Q2, 2024 results on May 15, 2024
Upcoming Dividend • Mar 21Upcoming dividend of JP¥21.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 03 June 2024. Payout ratio is a comfortable 15% but the company is not cash flow positive. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.6%).
分析記事 • Feb 28Pressance (TSE:3254) Has Announced A Dividend Of ¥21.00The board of Pressance Corporation ( TSE:3254 ) has announced that it will pay a dividend on the 3rd of June, with...
Reported Earnings • Feb 16First quarter 2024 earnings released: EPS: JP¥76.99 (vs JP¥68.30 in 1Q 2023)First quarter 2024 results: EPS: JP¥76.99 (up from JP¥68.30 in 1Q 2023). Revenue: JP¥41.0b (up 4.6% from 1Q 2023). Net income: JP¥5.32b (up 13% from 1Q 2023). Profit margin: 13% (up from 12% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Consumer Durables 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 4% per year, which means it is well ahead of earnings.
お知らせ • Jan 09Pressance Corporation to Report Q1, 2024 Results on Feb 14, 2024Pressance Corporation announced that they will report Q1, 2024 results on Feb 14, 2024
New Risk • Nov 21New major risk - Revenue and earnings growthEarnings have declined by 4.2% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 4.2% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Reported Earnings • Nov 18Full year 2023 earnings: EPS exceeds analyst expectationsFull year 2023 results: EPS: JP¥255 (up from JP¥206 in FY 2022). Revenue: JP¥161.3b (up 11% from FY 2022). Net income: JP¥17.5b (up 24% from FY 2022). Profit margin: 11% (up from 9.7% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.4%. Revenue is forecast to grow 9.6% p.a. on average during the next 2 years, compared to a 1.9% growth forecast for the Consumer Durables industry in Japan. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 6% per year.
お知らせ • Nov 17Pressance Corporation, Annual General Meeting, Dec 15, 2023Pressance Corporation, Annual General Meeting, Dec 15, 2023.
Upcoming Dividend • Sep 21Upcoming dividend of JP¥21.00 per share at 2.0% yieldEligible shareholders must have bought the stock before 28 September 2023. Payment date: 19 December 2023. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.6%).
お知らせ • Sep 02Pressance Corporation to Report Fiscal Year 2023 Results on Nov 14, 2023Pressance Corporation announced that they will report fiscal year 2023 results on Nov 14, 2023
Reported Earnings • Aug 16Third quarter 2023 earnings released: EPS: JP¥51.98 (vs JP¥66.43 in 3Q 2022)Third quarter 2023 results: EPS: JP¥51.98 (down from JP¥66.43 in 3Q 2022). Revenue: JP¥35.6b (down 12% from 3Q 2022). Net income: JP¥3.57b (down 22% from 3Q 2022). Profit margin: 10% (down from 11% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Consumer Durables industry in Japan. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.
お知らせ • Jun 15Pressance Corporation to Report Q3, 2023 Results on Aug 14, 2023Pressance Corporation announced that they will report Q3, 2023 results on Aug 14, 2023
Reported Earnings • May 21Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2023 results: EPS: JP¥83.49 (up from JP¥67.08 in 2Q 2022). Revenue: JP¥46.5b (down 6.8% from 2Q 2022). Net income: JP¥5.74b (up 26% from 2Q 2022). Profit margin: 12% (up from 9.1% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 5.8%. Earnings per share (EPS) exceeded analyst estimates by 43%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Consumer Durables industry in Japan. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥19.00 per share at 2.2% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 02 June 2023. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.8%).
Reported Earnings • Feb 17First quarter 2023 earnings released: EPS: JP¥68.30 (vs JP¥67.08 in 1Q 2022)First quarter 2023 results: EPS: JP¥68.30 (up from JP¥67.08 in 1Q 2022). Revenue: JP¥39.2b (down 22% from 1Q 2022). Net income: JP¥4.69b (up 2.9% from 1Q 2022). Profit margin: 12% (up from 9.1% in 1Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Consumer Durables industry in Japan. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.
お知らせ • Dec 15Pressance Corporation to Report Q1, 2023 Results on Feb 14, 2023Pressance Corporation announced that they will report Q1, 2023 results on Feb 14, 2023
お知らせ • Nov 23+ 2 more updatesPressance Corporation Provides Dividend Guidance for the Second Quarter of Fiscal Year Ending September 30, 2023Pressance Corporation provided dividend guidance for the second quarter of fiscal year ending September 30, 2023. For the quarter, the company expects to pay dividend of JPY 19.00 per share against JPY 16.00 per share paid a year ago.
お知らせ • Nov 16Pressance Corporation, Annual General Meeting, Dec 16, 2022Pressance Corporation, Annual General Meeting, Dec 16, 2022.
Board Change • Nov 16Less than half of directors are independentThere 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. 7 experienced directors. 2 highly experienced directors. 1 independent director (9 non-independent directors). Independent External Director Toshiyuki Yukami was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
お知らせ • Sep 25Pressance Corporation to Report Fiscal Year 2022 Results on Nov 14, 2022Pressance Corporation announced that they will report fiscal year 2022 results on Nov 14, 2022
Upcoming Dividend • Sep 22Upcoming dividend of JP¥19.00 per shareEligible shareholders must have bought the stock before 29 September 2022. Payment date: 20 December 2022. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.9%).
お知らせ • Aug 23+ 1 more updatePressance Corporation Provides Consolidated Dividend Guidance for the Fiscal Year Ending September 30, 2022Pressance Corporation provided consolidated dividend guidance for the fiscal year ending September 30, 2022. For the year, the company expects dividend of JPY 19.00 per share against JPY 16.00 per share paid a year ago.
お知らせ • Jun 23Pressance Corporation to Report Q3, 2022 Results on Aug 12, 2022Pressance Corporation announced that they will report Q3, 2022 results on Aug 12, 2022
お知らせ • May 24+ 1 more updatePressance Corporation Announces Second Quarter-End Dividend for the Fiscal Year Ending September 30, 2022, Payable on June 2, 2022Pressance Corporation announced second quarter-end dividend for the fiscal year ending September 30, 2022. For the second quarter-end, the company announced to pay dividend of JPY 16.00 per share. Scheduled date of start of dividend payment: June 2, 2022.
Price Target Changed • Apr 27Price target increased to JP¥1,800Up from JP¥1,600, the current price target is provided by 1 analyst. New target price is 19% above last closing price of JP¥1,518. Stock is down 5.1% over the past year. The company posted earnings per share of JP¥315 last year.
Board Change • Apr 27Less than half of directors are independentThere 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. 7 experienced directors. 2 highly experienced directors. 1 independent director (9 non-independent directors). Independent External Director Toshiyuki Yukami was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
お知らせ • Apr 07Pressance Corporation to Report Q2, 2022 Results on May 13, 2022Pressance Corporation announced that they will report Q2, 2022 results on May 13, 2022
Reported Earnings • Feb 20Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2022 results: EPS: JP¥58.41 (down from JP¥94.00 in 3Q 2021). Revenue: JP¥37.0b (down 37% from 3Q 2021). Net income: JP¥3.98b (down 34% from 3Q 2021). Profit margin: 11% (in line with 3Q 2021). Revenue missed analyst estimates by 15%. Earnings per share (EPS) exceeded analyst estimates by 2.5%. Over the next year, revenue is expected to shrink by 20% compared to a 5.0% growth forecast for the 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 9% per year, which means it is well ahead of earnings.
Price Target Changed • Dec 10Price target increased to JP¥1,800Up from JP¥1,600, the current price target is provided by 1 analyst. New target price is 7.2% below last closing price of JP¥1,940. Stock is up 11% over the past year. The company posted earnings per share of JP¥315 last year.
Reported Earnings • Nov 15Second quarter 2022 earnings released: EPS JP¥55.79 (vs JP¥71.20 in 2Q 2021)The company reported a soft second quarter result with weaker earnings and revenues, although profit margins were improved. Second quarter 2022 results: Revenue: JP¥45.8b (down 34% from 2Q 2021). Net income: JP¥3.79b (down 17% from 2Q 2021). Profit margin: 8.3% (up from 6.6% in 2Q 2021). The increase in margin was driven by lower expenses. 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 9% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Sep 10Investor sentiment improved over the past weekAfter last week's 18% share price gain to JP¥1,936, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 13x in the Consumer Durables industry in Japan. Total returns to shareholders of 52% over the past three years.
お知らせ • Aug 21Pressance Corporation Provides Consolidated Earnings Guidance for the Full Year Ending September 30, 2021Pressance Corporation provided consolidated earnings guidance for the full year ending September 30, 2021. For the period, the company expected net sales of JPY 95,203 million, operating profit of JPY 11,883 million, profit attributable to owners of parent of JPY 7,791 million and basic earnings per share of JPY 114.62.
Executive Departure • Jul 01External Director Hakaru Nakabayashi has left the companyOn the 25th of June, Hakaru Nakabayashi's tenure as External Director ended after 6.1 years in the role. We don't have any record of a personal shareholding under Hakaru's name. Hakaru is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 4.17 years.
お知らせ • May 25+ 2 more updatesPressance Corporation Co. Ltd. Provides Year End Dividend Guidance for the Year Ending September 30, 2021Pressance Corporation Co. Ltd. provided year end dividend guidance of JPY 16.0 for the year ending September 30, 2021 against JPY 16.0 per share paid a year ago.
Reported Earnings • May 18Full year 2021 earnings released: EPS JP¥315 (vs JP¥347 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¥243.8b (up 8.8% from FY 2020). Net income: JP¥20.5b (down 6.2% from FY 2020). Profit margin: 8.4% (down from 9.8% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year and the company’s share price has also fallen by 1% per year.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥16.00 per shareEligible shareholders must have bought the stock before 30 March 2021. Payment date: 29 June 2021. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.3%).
Reported Earnings • Feb 14Third quarter 2021 earnings released: EPS JP¥94.00 (vs JP¥84.77 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥59.0b (up 1.3% from 3Q 2020). Net income: JP¥6.06b (up 13% from 3Q 2020). Profit margin: 10% (up from 9.2% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has fallen by 2% per year.
Analyst Estimate Surprise Post Earnings • Feb 14Revenue beats expectationsRevenue exceeded analyst estimates by 92%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is expected to shrink by 20% compared to a 5.5% growth forecast for the Consumer Durables industry in Japan.
お知らせ • Jan 20Pressance Corporation announced that it has received ¥5.0000001 billion in funding from Open House Co., Ltd.On January 19, 2021, Pressance Corporation (TSE:3254) closed the transaction.
お知らせ • Jan 07Pressance Corporation to Report Q3, 2021 Results on Feb 12, 2021Pressance Corporation announced that they will report Q3, 2021 results on Feb 12, 2021
Price Target Changed • Dec 01Price target lowered to JP¥1,350Down from JP¥1,790, the current price target is provided by 1 analyst. The new target price is 23% below the current share price of JP¥1,754. As of last close, the stock is up 0.1% over the past year.
お知らせ • Nov 14Pressance Corporation announced that it expects to receive ¥5.0000001 billion in funding from Open House Co., Ltd.Pressance Corporation (TSE:3254) announced a private placement of 3,508,772 common shares at a price of ¥1,425 for gross proceeds of ¥5,000,000,100 on November 13, 2020. The transaction will include participation from returning investor, Open House Co., Ltd. The company issued the shares through third party capital allotment subject to the effect of the securities registration statement based on the Financial Instruments and Exchange Act. The payment period will be between January 15, 2021 and January 19, 2021
お知らせ • Sep 19Pressance Corporation to Report Q2, 2021 Results on Nov 13, 2020Pressance Corporation announced that they will report Q2, 2021 results on Nov 13, 2020
お知らせ • Aug 21Pressance Corporation Provides Earnings Guidance for the Half Year of Fiscal 2021; Omits to Provide Earnings Guidance for the Full Year Ending March 31, 2021Pressance Corporation provides earnings guidance for the half year of fiscal 2021 and omits to provide for the full year ending March 31, 2021. For the half year, the company expects net sales to be JPY 102,288 million, operating profit to be JPY 16,080 million, profit attributable to the owners of the parent to be JPY 10,665 million or JPY 165.79 per basic share. For the full fiscal year ending March 31, 2021, the consolidated results forecasts are not provided given that, at the time of disclosure, it is difficult to rationally estimate the impact of the future influence of the virus outbreak and the timing of when the epidemic will dissipate. At the point when estimation becomes possible, the Company will promptly release the full year forecasts.