GRANDES（3261）株式概要株式会社グランデスは、日本国内で注文住宅の建設・販売を行っている。 詳細3261 ファンダメンタル分析スノーフレーク・スコア評価0/6将来の成長0/6過去の実績1/6財務の健全性3/6配当金2/6リスク分析3.84%の配当は、利益やフリーキャッシュフローによって十分にカバーされていない 過去5年間で収益は年間1.8%減少しました。 利払いは収益で十分にカバーされない 利益率(0.3%)は昨年より低い(4.9%) +1 さらなるリスクすべてのリスクチェックを見る3261 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueJP¥Current PriceJP¥391.0015.0% 割安 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture05b2016201920222025202620282031Revenue JP¥5.4bEarnings JP¥15.2mAdvancedSet Fair ValueView all narrativesGRANDES, Inc. 競合他社Makoto Construction CoLtdSymbol: TSE:8995Market cap: JP¥1.9bR. C. CoreSymbol: TSE:7837Market cap: JP¥1.2bNittohSymbol: NSE:1738Market cap: JP¥2.3bNissouLtdSymbol: TSE:1444Market cap: JP¥3.0b価格と性能株価の高値、安値、推移の概要GRANDES過去の株価現在の株価JP¥391.0052週高値JP¥1,215.0052週安値JP¥387.00ベータ0.141ヶ月の変化-14.81%3ヶ月変化-23.18%1年変化-65.43%3年間の変化19.57%5年間の変化0.51%IPOからの変化161.83%最新ニュースNew Risk • May 09New major risk - Revenue and earnings growthEarnings have declined by 1.8% 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 Risks Interest payments are not well covered by earnings (0.3x net interest cover). Dividend is not well covered by earnings and cash flows. Dividend per share is over 6x earnings per share. Paying a dividend despite having no free cash flows. Earnings have declined by 1.8% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (0.3% net profit margin). Market cap is less than US$100m (JP¥1.86b market cap, or US$11.8m).Reported Earnings • May 09First quarter 2026 earnings released: JP¥3.66 loss per share (vs JP¥6.59 loss in 1Q 2025)First quarter 2026 results: JP¥3.66 loss per share (improved from JP¥6.59 loss in 1Q 2025). Revenue: JP¥596.0m (down 26% from 1Q 2025). Net loss: JP¥15.0m (loss narrowed 44% from 1Q 2025). 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 10% per year, which means it is well ahead of earnings.お知らせ • May 08GRANDES, Inc. to Report Q1, 2026 Results on May 08, 2026GRANDES, Inc. announced that they will report Q1, 2026 results on May 08, 2026Reported Earnings • Feb 11Full year 2025 earnings released: JP¥0.73 loss per share (vs JP¥69.43 profit in FY 2024)Full year 2025 results: JP¥0.73 loss per share (down from JP¥69.43 profit in FY 2024). Revenue: JP¥3.42b (down 19% from FY 2024). Net loss: JP¥3.00m (down 101% from profit in FY 2024). Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 13% per year.お知らせ • Feb 10GRANDES, Inc., Annual General Meeting, Mar 26, 2026GRANDES, Inc., Annual General Meeting, Mar 26, 2026.分析記事 • Dec 22Do GRANDES' (TSE:3261) Earnings Warrant Your Attention?Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...最新情報をもっと見るRecent updatesNew Risk • May 09New major risk - Revenue and earnings growthEarnings have declined by 1.8% 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 Risks Interest payments are not well covered by earnings (0.3x net interest cover). Dividend is not well covered by earnings and cash flows. Dividend per share is over 6x earnings per share. Paying a dividend despite having no free cash flows. Earnings have declined by 1.8% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (0.3% net profit margin). Market cap is less than US$100m (JP¥1.86b market cap, or US$11.8m).Reported Earnings • May 09First quarter 2026 earnings released: JP¥3.66 loss per share (vs JP¥6.59 loss in 1Q 2025)First quarter 2026 results: JP¥3.66 loss per share (improved from JP¥6.59 loss in 1Q 2025). Revenue: JP¥596.0m (down 26% from 1Q 2025). Net loss: JP¥15.0m (loss narrowed 44% from 1Q 2025). 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 10% per year, which means it is well ahead of earnings.お知らせ • May 08GRANDES, Inc. to Report Q1, 2026 Results on May 08, 2026GRANDES, Inc. announced that they will report Q1, 2026 results on May 08, 2026Reported Earnings • Feb 11Full year 2025 earnings released: JP¥0.73 loss per share (vs JP¥69.43 profit in FY 2024)Full year 2025 results: JP¥0.73 loss per share (down from JP¥69.43 profit in FY 2024). Revenue: JP¥3.42b (down 19% from FY 2024). Net loss: JP¥3.00m (down 101% from profit in FY 2024). Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 13% per year.お知らせ • Feb 10GRANDES, Inc., Annual General Meeting, Mar 26, 2026GRANDES, Inc., Annual General Meeting, Mar 26, 2026.分析記事 • Dec 22Do GRANDES' (TSE:3261) Earnings Warrant Your Attention?Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...New Risk • Dec 22New 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 7.4% 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 Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Market cap is less than US$100m (JP¥3.65b market cap, or US$23.2m).Valuation Update With 7 Day Price Move • Dec 22Investor sentiment deteriorates as stock falls 25%After last week's 25% share price decline to JP¥891, the stock trades at a trailing P/E ratio of 18.7x. Average trailing P/E is 12x in the Consumer Durables industry in Japan. Total returns to shareholders of 153% over the past three years.お知らせ • Dec 03GRANDES, Inc. to Report Fiscal Year 2025 Results on Feb 10, 2026GRANDES, Inc. announced that they will report fiscal year 2025 results on Feb 10, 2026Reported Earnings • Nov 13Third quarter 2025 earnings released: EPS: JP¥3.42 (vs JP¥10.29 loss in 3Q 2024)Third quarter 2025 results: EPS: JP¥3.42 (up from JP¥10.29 loss in 3Q 2024). Revenue: JP¥872.0m (up 17% from 3Q 2024). Net income: JP¥14.0m (up JP¥50.0m from 3Q 2024). Profit margin: 1.6% (up from net loss in 3Q 2024). The move to profitability 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 increased by 45% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Sep 01GRANDES, Inc. to Report Q3, 2025 Results on Nov 10, 2025GRANDES, Inc. announced that they will report Q3, 2025 results on Nov 10, 2025Reported Earnings • Aug 10Second quarter 2025 earnings released: JP¥11.71 loss per share (vs JP¥0.86 profit in 2Q 2024)Second quarter 2025 results: JP¥11.71 loss per share (down from JP¥0.86 profit in 2Q 2024). Revenue: JP¥649.0m (down 24% from 2Q 2024). Net loss: JP¥48.0m (down JP¥51.0m from profit in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth.New Risk • Aug 10New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.8% Last year net profit margin: 5.9% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (7.2% operating cash flow to total debt). Minor Risks Profit margins are more than 30% lower than last year (3.8% net profit margin). Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (JP¥4.49b market cap, or US$30.4m).分析記事 • Jul 02Unpleasant Surprises Could Be In Store For GRANDES, Inc.'s (TSE:3261) SharesWith a price-to-earnings (or "P/E") ratio of 21x GRANDES, Inc. ( TSE:3261 ) may be sending very bearish signals at the...お知らせ • May 31GRANDES, Inc. to Report Q2, 2025 Results on Aug 08, 2025GRANDES, Inc. announced that they will report Q2, 2025 results on Aug 08, 2025Reported Earnings • May 11First quarter 2025 earnings released: JP¥6.59 loss per share (vs JP¥8.00 profit in 1Q 2024)First quarter 2025 results: JP¥6.59 loss per share (down from JP¥8.00 profit in 1Q 2024). Revenue: JP¥800.0m (down 20% from 1Q 2024). Net loss: JP¥27.0m (down 196% from profit in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 46% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Apr 14Investor sentiment improves as stock rises 16%After last week's 16% share price gain to JP¥1,057, the stock trades at a trailing P/E ratio of 17.3x. Average trailing P/E is 11x in the Consumer Durables industry in Japan. Total returns to shareholders of 214% over the past three years.お知らせ • Mar 01GRANDES, Inc. to Report Q1, 2025 Results on May 09, 2025GRANDES, Inc. announced that they will report Q1, 2025 results on May 09, 2025分析記事 • Feb 17GRANDES' (TSE:3261) Profits May Not Reveal Underlying IssuesGRANDES, Inc.'s ( TSE:3261 ) robust recent earnings didn't do much to move the stock. We think this is due to investors...New Risk • Feb 15New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 17% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (JP¥4.40b market cap, or US$28.9m).Reported Earnings • Feb 12Full year 2024 earnings released: EPS: JP¥69.43 (vs JP¥50.86 in FY 2023)Full year 2024 results: EPS: JP¥69.43 (up from JP¥50.86 in FY 2023). Revenue: JP¥4.23b (down 8.1% from FY 2023). Net income: JP¥251.0m (up 41% from FY 2023). Profit margin: 5.9% (up from 3.9% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Feb 10GRANDES, Inc., Annual General Meeting, Mar 27, 2025GRANDES, Inc., Annual General Meeting, Mar 27, 2025.お知らせ • Jan 06GRANDES, Inc. (TSE:3261) completed the acquisition of san-ai-home Inc. from ITbook Holdings Co.,Ltd. (TSE:1447)GRANDES, Inc. (TSE:3261) agreed to acquire san-ai-home Inc. from ITbook Holdings Co.,Ltd. (TSE:1447) for approximately ¥460 million on December 17, 2024. A cash consideration of ¥455 million will be paid by GRANDES, Inc. As part of consideration, ¥455 million is paid towards common equity of san-ai-home Inc. For the period ending March 31, 2024, san-ai-home Inc. reported total revenue of ¥689 million and net loss of ¥51 million. As of March 31, 2024, san-ai-home Inc. reported total assets of ¥1.49 billion and total common equity of ¥396 million. The expected completion of the transaction is January 6, 2025. GRANDES, Inc. (TSE:3261) completed the acquisition of san-ai-home Inc. from ITbook Holdings Co.,Ltd. (TSE:1447) on January 6, 2025.Upcoming Dividend • Dec 20Upcoming dividend of JP¥20.00 per shareEligible shareholders must have bought the stock before 27 December 2024. Payment date: 31 March 2025. Payout ratio is on the higher end at 77% but the company is not cash flow positive. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.8%). In line with average of industry peers (1.6%).お知らせ • Dec 03GRANDES, Inc. to Report Fiscal Year 2024 Results on Feb 10, 2025GRANDES, Inc. announced that they will report fiscal year 2024 results on Feb 10, 2025New Risk • Nov 26New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 100% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 9.9% per year over the past 5 years. Shareholders have been substantially diluted in the past year (100% increase in shares outstanding). Minor Risks Profit margins are more than 30% lower than last year (1.9% net profit margin). Market cap is less than US$100m (JP¥8.62b market cap, or US$55.9m).Reported Earnings • Nov 11Third quarter 2024 earnings released: JP¥10.29 loss per share (vs JP¥37.14 profit in 3Q 2023)Third quarter 2024 results: JP¥10.29 loss per share (down from JP¥37.14 profit in 3Q 2023). Revenue: JP¥747.0m (down 29% from 3Q 2023). Net loss: JP¥36.0m (down 128% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth.New Risk • Nov 11New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.9% Last year net profit margin: 3.0% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 9.9% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (1.9% net profit margin). Market cap is less than US$100m (JP¥4.36b market cap, or US$28.6m).分析記事 • Oct 01After Leaping 151% GRANDES, Inc. (TSE:3261) Shares Are Not Flying Under The RadarGRANDES, Inc. ( TSE:3261 ) shares have continued their recent momentum with a 151% gain in the last month alone. The...New Risk • Sep 25New 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 8.7% 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 have declined by 8.5% per year over the past 5 years. High level of non-cash earnings (52% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.7% average weekly change). Market cap is less than US$100m (JP¥2.57b market cap, or US$17.8m).Valuation Update With 7 Day Price Move • Sep 24Investor sentiment improves as stock rises 17%After last week's 17% share price gain to JP¥634, the stock trades at a trailing P/E ratio of 9.5x. Average trailing P/E is 12x in the Consumer Durables industry in Japan. Total returns to shareholders of 62% over the past three years.お知らせ • Aug 27GRANDES, Inc. to Report Q3, 2024 Results on Nov 08, 2024GRANDES, Inc. announced that they will report Q3, 2024 results on Nov 08, 2024Valuation Update With 7 Day Price Move • Aug 21Investor sentiment improves as stock rises 15%After last week's 15% share price gain to JP¥587, the stock trades at a trailing P/E ratio of 8.8x. Average trailing P/E is 11x in the Consumer Durables industry in Japan. Total returns to shareholders of 50% over the past three years.New Risk • Aug 18New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 52% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 8.5% per year over the past 5 years. High level of non-cash earnings (52% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (JP¥2.00b market cap, or US$13.6m).分析記事 • Aug 17Further Upside For GRANDES, Inc. (TSE:3261) Shares Could Introduce Price Risks After 26% BounceDespite an already strong run, GRANDES, Inc. ( TSE:3261 ) shares have been powering on, with a gain of 26% in the last...分析記事 • Aug 06Investors Could Be Concerned With GRANDES' (TSE:3261) Returns On CapitalIgnoring the stock price of a company, what are the underlying trends that tell us a business is past the growth phase...お知らせ • Jun 02GRANDES, Inc. to Report Q2, 2024 Results on Aug 09, 2024GRANDES, Inc. announced that they will report Q2, 2024 results on Aug 09, 2024Reported Earnings • May 13First quarter 2024 earnings released: EPS: JP¥8.00 (vs JP¥20.57 loss in 1Q 2023)First quarter 2024 results: EPS: JP¥8.00 (up from JP¥20.57 loss in 1Q 2023). Revenue: JP¥1.00b (up 13% from 1Q 2023). Net income: JP¥28.0m (up JP¥100.0m from 1Q 2023). Profit margin: 2.8% (up from net loss in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 4% per year.Valuation Update With 7 Day Price Move • May 08Investor sentiment improves as stock rises 20%After last week's 20% share price gain to JP¥482, the stock trades at a trailing P/E ratio of 9.5x. Average trailing P/E is 12x in the Consumer Durables industry in Japan. Total returns to shareholders of 36% over the past three years.分析記事 • Apr 07We Think Shareholders Should Be Aware Of Some Factors Beyond GRANDES' (TSE:3261) ProfitGRANDES, Inc.'s ( TSE:3261 ) stock rose after it released a robust earnings report. Despite the strong profit numbers...お知らせ • Feb 28GRANDES, Inc. to Report Q1, 2024 Results on May 10, 2024GRANDES, Inc. announced that they will report Q1, 2024 results on May 10, 2024New Risk • Feb 15New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 21% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (7.9% average weekly change). Earnings have declined by 23% per year over the past 5 years. High level of non-cash earnings (21% accrual ratio). Market cap is less than US$10m (JP¥1.37b market cap, or US$9.09m). Minor Risk Paying a dividend despite having no free cash flows.お知らせ • Feb 11GRANDES, Inc., Annual General Meeting, Mar 28, 2024GRANDES, Inc., Annual General Meeting, Mar 28, 2024.Reported Earnings • Feb 11Full year 2023 earnings released: EPS: JP¥50.86 (vs JP¥18.57 in FY 2022)Full year 2023 results: EPS: JP¥50.86 (up from JP¥18.57 in FY 2022). Revenue: JP¥4.60b (up 73% from FY 2022). Net income: JP¥178.0m (up 174% from FY 2022). Profit margin: 3.9% (up from 2.4% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.Upcoming Dividend • Dec 21Upcoming dividend of JP¥10.00 per share at 3.1% yieldEligible shareholders must have bought the stock before 28 December 2023. Payment date: 01 April 2024. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.7%).お知らせ • Dec 05GRANDES, Inc. to Report Fiscal Year 2023 Results on Feb 09, 2024GRANDES, Inc. announced that they will report fiscal year 2023 results on Feb 09, 2024Reported Earnings • Nov 12Third quarter 2023 earnings released: EPS: JP¥37.14 (vs JP¥2.00 loss in 3Q 2022)Third quarter 2023 results: EPS: JP¥37.14 (up from JP¥2.00 loss in 3Q 2022). Revenue: JP¥1.06b (up 233% from 3Q 2022). Net income: JP¥130.0m (up JP¥137.0m from 3Q 2022). Profit margin: 12% (up from net loss in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.お知らせ • Aug 30GRANDES, Inc. to Report Q3, 2023 Results on Nov 10, 2023GRANDES, Inc. announced that they will report Q3, 2023 results on Nov 10, 2023Reported Earnings • Aug 14Second quarter 2023 earnings released: EPS: JP¥13.43 (vs JP¥10.00 in 2Q 2022)Second quarter 2023 results: EPS: JP¥13.43 (up from JP¥10.00 in 2Q 2022). Revenue: JP¥1.59b (up 165% from 2Q 2022). Net income: JP¥47.0m (up 34% from 2Q 2022). Profit margin: 2.9% (down from 5.8% in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.お知らせ • May 28GRANDES, Inc. to Report Q2, 2023 Results on Aug 10, 2023GRANDES, Inc. announced that they will report Q2, 2023 results on Aug 10, 2023Reported Earnings • May 12First quarter 2023 earnings released: JP¥20.57 loss per share (vs JP¥3.14 loss in 1Q 2022)First quarter 2023 results: JP¥20.57 loss per share (further deteriorated from JP¥3.14 loss in 1Q 2022). Revenue: JP¥888.0m (up 260% from 1Q 2022). Net loss: JP¥72.0m (loss widened JP¥61.0m from 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.Reported Earnings • Feb 12Full year 2022 earnings released: EPS: JP¥18.57 (vs JP¥50.54 in FY 2021)Full year 2022 results: EPS: JP¥18.57 (down from JP¥50.54 in FY 2021). Revenue: JP¥2.66b (down 5.2% from FY 2021). Net income: JP¥65.0m (down 64% from FY 2021). Profit margin: 2.4% (down from 6.5% in FY 2021). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.お知らせ • Feb 12GRANDES, Inc., Annual General Meeting, Mar 30, 2023GRANDES, Inc., Annual General Meeting, Mar 30, 2023.Upcoming Dividend • Dec 22Upcoming dividend of JP¥14.00 per shareEligible shareholders must have bought the stock before 29 December 2022. Payment date: 27 March 2023. Payout ratio is a comfortable 58% and this is well supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.0%).お知らせ • Dec 06GRANDES, Inc. to Report Fiscal Year 2022 Results on Feb 10, 2023GRANDES, Inc. announced that they will report fiscal year 2022 results on Feb 10, 2023Board Change • Nov 16No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 5 highly experienced directors. No independent directors (4 non-independent directors). External Director Eriko Sakai 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.Reported Earnings • Nov 13Third quarter 2022 earnings released: JP¥2.00 loss per share (vs JP¥10.54 profit in 3Q 2021)Third quarter 2022 results: JP¥2.00 loss per share (down from JP¥10.54 profit in 3Q 2021). Revenue: JP¥317.0m (down 44% from 3Q 2021). Net loss: JP¥7.00m (down 118% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.お知らせ • Aug 28GRANDES, Inc. to Report Q3, 2022 Results on Nov 10, 2022GRANDES, Inc. announced that they will report Q3, 2022 results on Nov 10, 2022Reported Earnings • Aug 13Second quarter 2022 earnings released: EPS: JP¥10.00 (vs JP¥23.64 in 2Q 2021)Second quarter 2022 results: EPS: JP¥10.00 (down from JP¥23.64 in 2Q 2021). Revenue: JP¥601.0m (down 49% from 2Q 2021). Net income: JP¥35.0m (down 59% from 2Q 2021). Profit margin: 5.8% (down from 7.2% in 2Q 2021). The decrease in margin was driven by lower 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 4% per year, which means it has not declined as severely as earnings.お知らせ • May 30GRANDES, Inc. to Report Q2, 2022 Results on Aug 10, 2022GRANDES, Inc. announced that they will report Q2, 2022 results on Aug 10, 2022Reported Earnings • May 11First quarter 2022 earnings released: JP¥3.14 loss per share (vs JP¥2.75 loss in 1Q 2021)First quarter 2022 results: JP¥3.14 loss per share (down from JP¥2.75 loss in 1Q 2021). Revenue: JP¥247.0m (down 3.1% from 1Q 2021). Net loss: JP¥11.0m (loss widened 10.0% from 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.Board Change • Apr 27No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 5 highly experienced directors. No independent directors (4 non-independent directors). External Director Eriko Sakai 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.お知らせ • Feb 27GRANDES, Inc. to Report Q1, 2022 Results on May 10, 2022GRANDES, Inc. announced that they will report Q1, 2022 results on May 10, 2022お知らせ • Feb 12GRANDES, Inc., Annual General Meeting, Mar 24, 2022GRANDES, Inc., Annual General Meeting, Mar 24, 2022.Upcoming Dividend • Dec 22Upcoming dividend of JP¥14.00 per shareEligible shareholders must have bought the stock before 29 December 2021. Payment date: 26 March 2022. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.4%).Reported Earnings • Nov 12Third quarter 2021 earnings released: EPS JP¥10.54 (vs JP¥4.67 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥568.0m (up 61% from 3Q 2020). Net income: JP¥38.0m (up 124% from 3Q 2020). Profit margin: 6.7% (up from 4.8% 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 26% per year but the company’s share price has remained flat, which means it is well ahead of earnings.お知らせ • Jun 15GRANDES, Inc. (TSE:3261) announces an Equity Buyback for 200,000 shares, representing 5.5% for ¥100 million.GRANDES, Inc. (TSE:3261) announces a share repurchase program. Under the program, the company will repurchase 200,000 shares, representing 5.5% of the outstanding shares for ¥100 million. The purpose of the program is to enhance capital efficiency, improve shareholder returns and implement a flexible capital policy in response to changes in the business environment. The program will run until December 27, 2021. As of December 31, 2020, the company had 3,637,874 shares outstanding and 37 shares in treasury.Reported Earnings • May 12First quarter 2021 earnings released: JP¥2.75 loss per share (vs JP¥4.12 loss in 1Q 2020)The company reported a decent first quarter result with reduced losses and improved control over expenses, although revenues were weaker. First quarter 2021 results: Revenue: JP¥255.0m (down 18% from 1Q 2020). Net loss: JP¥10.0m (loss narrowed 33% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.Reported Earnings • Mar 31Full year 2020 earnings released: EPS JP¥23.09 (vs JP¥66.42 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥1.77b (down 32% from FY 2019). Net income: JP¥84.0m (down 67% from FY 2019). Profit margin: 4.7% (down from 9.7% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.お知らせ • Mar 21GRANDES, Inc. to Report Q1, 2021 Results on May 10, 2021GRANDES, Inc. announced that they will report Q1, 2021 results on May 10, 2021Reported Earnings • Feb 14Full year 2020 earnings released: EPS JP¥23.09 (vs JP¥66.42 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥1.77b (down 32% from FY 2019). Net income: JP¥84.0m (down 67% from FY 2019). Profit margin: 4.7% (down from 9.7% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.お知らせ • Feb 12GRANDES, Inc., Annual General Meeting, Mar 25, 2021GRANDES, Inc., Annual General Meeting, Mar 25, 2021.Valuation Update With 7 Day Price Move • Feb 02Investor sentiment improved over the past weekAfter last week's 23% share price gain to JP¥453, the stock is trading at a trailing P/E ratio of 30x, up from the previous P/E ratio of 24.4x. This compares to an average P/E of 12x in the Consumer Durables industry in Japan. Total returns to shareholders over the past three years are 16%.Is New 90 Day High Low • Feb 02New 90-day high: JP¥453The company is up 8.0% from its price of JP¥421 on 04 November 2020. The Japanese market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 20% over the same period.お知らせ • Aug 30GRANDES, Inc. to Report Q3, 2020 Results on Nov 12, 2020GRANDES, Inc. announced that they will report Q3, 2020 results on Nov 12, 2020株主還元3261JP Consumer DurablesJP 市場7D-1.0%-0.2%1.2%1Y-65.4%13.0%42.1%株主還元を見る業界別リターン: 3261過去 1 年間で13 % の収益を上げたJP Consumer Durables業界を下回りました。リターン対市場: 3261は、過去 1 年間で42.1 % のリターンを上げたJP市場を下回りました。価格変動Is 3261's price volatile compared to industry and market?3261 volatility3261 Average Weekly Movement3.3%Consumer Durables Industry Average Movement3.9%Market Average Movement5.0%10% most volatile stocks in JP Market9.5%10% least volatile stocks in JP Market2.5%安定した株価: 3261 、 JP市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: 3261の 週次ボラティリティ ( 3% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト200660Hiroshi Kameiwww.grandes.jp株式会社グランデスは、日本国内で注文住宅の建設・販売を行う。マンション販売、投資、建築請負、建築・不動産コンサルティングを行う。同社は2006年に法人化され、大分県に本社を置いている。もっと見るGRANDES, Inc. 基礎のまとめGRANDES の収益と売上を時価総額と比較するとどうか。3261 基礎統計学時価総額JP¥1.60b収益（TTM）JP¥9.00m売上高(TTM)JP¥3.21b178.1xPER（株価収益率0.5xP/Sレシオ3261 は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計3261 損益計算書（TTM）収益JP¥3.21b売上原価JP¥2.51b売上総利益JP¥705.00mその他の費用JP¥696.00m収益JP¥9.00m直近の収益報告Mar 31, 2026次回決算日該当なし一株当たり利益（EPS）2.20グロス・マージン21.95%純利益率0.28%有利子負債／自己資本比率86.8%3261 の長期的なパフォーマンスは？過去の実績と比較を見る配当金3.8%現在の配当利回り683%配当性向View Valuation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2026/05/25 18:12終値2026/05/25 00:00収益2026/03/31年間収益2025/12/31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本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、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。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GRANDES, Inc. 0 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。0
New Risk • May 09New major risk - Revenue and earnings growthEarnings have declined by 1.8% 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 Risks Interest payments are not well covered by earnings (0.3x net interest cover). Dividend is not well covered by earnings and cash flows. Dividend per share is over 6x earnings per share. Paying a dividend despite having no free cash flows. Earnings have declined by 1.8% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (0.3% net profit margin). Market cap is less than US$100m (JP¥1.86b market cap, or US$11.8m).
Reported Earnings • May 09First quarter 2026 earnings released: JP¥3.66 loss per share (vs JP¥6.59 loss in 1Q 2025)First quarter 2026 results: JP¥3.66 loss per share (improved from JP¥6.59 loss in 1Q 2025). Revenue: JP¥596.0m (down 26% from 1Q 2025). Net loss: JP¥15.0m (loss narrowed 44% from 1Q 2025). 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 10% per year, which means it is well ahead of earnings.
お知らせ • May 08GRANDES, Inc. to Report Q1, 2026 Results on May 08, 2026GRANDES, Inc. announced that they will report Q1, 2026 results on May 08, 2026
Reported Earnings • Feb 11Full year 2025 earnings released: JP¥0.73 loss per share (vs JP¥69.43 profit in FY 2024)Full year 2025 results: JP¥0.73 loss per share (down from JP¥69.43 profit in FY 2024). Revenue: JP¥3.42b (down 19% from FY 2024). Net loss: JP¥3.00m (down 101% from profit in FY 2024). Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 13% per year.
お知らせ • Feb 10GRANDES, Inc., Annual General Meeting, Mar 26, 2026GRANDES, Inc., Annual General Meeting, Mar 26, 2026.
分析記事 • Dec 22Do GRANDES' (TSE:3261) Earnings Warrant Your Attention?Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
New Risk • May 09New major risk - Revenue and earnings growthEarnings have declined by 1.8% 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 Risks Interest payments are not well covered by earnings (0.3x net interest cover). Dividend is not well covered by earnings and cash flows. Dividend per share is over 6x earnings per share. Paying a dividend despite having no free cash flows. Earnings have declined by 1.8% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (0.3% net profit margin). Market cap is less than US$100m (JP¥1.86b market cap, or US$11.8m).
Reported Earnings • May 09First quarter 2026 earnings released: JP¥3.66 loss per share (vs JP¥6.59 loss in 1Q 2025)First quarter 2026 results: JP¥3.66 loss per share (improved from JP¥6.59 loss in 1Q 2025). Revenue: JP¥596.0m (down 26% from 1Q 2025). Net loss: JP¥15.0m (loss narrowed 44% from 1Q 2025). 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 10% per year, which means it is well ahead of earnings.
お知らせ • May 08GRANDES, Inc. to Report Q1, 2026 Results on May 08, 2026GRANDES, Inc. announced that they will report Q1, 2026 results on May 08, 2026
Reported Earnings • Feb 11Full year 2025 earnings released: JP¥0.73 loss per share (vs JP¥69.43 profit in FY 2024)Full year 2025 results: JP¥0.73 loss per share (down from JP¥69.43 profit in FY 2024). Revenue: JP¥3.42b (down 19% from FY 2024). Net loss: JP¥3.00m (down 101% from profit in FY 2024). Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 13% per year.
お知らせ • Feb 10GRANDES, Inc., Annual General Meeting, Mar 26, 2026GRANDES, Inc., Annual General Meeting, Mar 26, 2026.
分析記事 • Dec 22Do GRANDES' (TSE:3261) Earnings Warrant Your Attention?Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
New Risk • Dec 22New 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 7.4% 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 Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Market cap is less than US$100m (JP¥3.65b market cap, or US$23.2m).
Valuation Update With 7 Day Price Move • Dec 22Investor sentiment deteriorates as stock falls 25%After last week's 25% share price decline to JP¥891, the stock trades at a trailing P/E ratio of 18.7x. Average trailing P/E is 12x in the Consumer Durables industry in Japan. Total returns to shareholders of 153% over the past three years.
お知らせ • Dec 03GRANDES, Inc. to Report Fiscal Year 2025 Results on Feb 10, 2026GRANDES, Inc. announced that they will report fiscal year 2025 results on Feb 10, 2026
Reported Earnings • Nov 13Third quarter 2025 earnings released: EPS: JP¥3.42 (vs JP¥10.29 loss in 3Q 2024)Third quarter 2025 results: EPS: JP¥3.42 (up from JP¥10.29 loss in 3Q 2024). Revenue: JP¥872.0m (up 17% from 3Q 2024). Net income: JP¥14.0m (up JP¥50.0m from 3Q 2024). Profit margin: 1.6% (up from net loss in 3Q 2024). The move to profitability 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 increased by 45% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Sep 01GRANDES, Inc. to Report Q3, 2025 Results on Nov 10, 2025GRANDES, Inc. announced that they will report Q3, 2025 results on Nov 10, 2025
Reported Earnings • Aug 10Second quarter 2025 earnings released: JP¥11.71 loss per share (vs JP¥0.86 profit in 2Q 2024)Second quarter 2025 results: JP¥11.71 loss per share (down from JP¥0.86 profit in 2Q 2024). Revenue: JP¥649.0m (down 24% from 2Q 2024). Net loss: JP¥48.0m (down JP¥51.0m from profit in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth.
New Risk • Aug 10New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.8% Last year net profit margin: 5.9% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (7.2% operating cash flow to total debt). Minor Risks Profit margins are more than 30% lower than last year (3.8% net profit margin). Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (JP¥4.49b market cap, or US$30.4m).
分析記事 • Jul 02Unpleasant Surprises Could Be In Store For GRANDES, Inc.'s (TSE:3261) SharesWith a price-to-earnings (or "P/E") ratio of 21x GRANDES, Inc. ( TSE:3261 ) may be sending very bearish signals at the...
お知らせ • May 31GRANDES, Inc. to Report Q2, 2025 Results on Aug 08, 2025GRANDES, Inc. announced that they will report Q2, 2025 results on Aug 08, 2025
Reported Earnings • May 11First quarter 2025 earnings released: JP¥6.59 loss per share (vs JP¥8.00 profit in 1Q 2024)First quarter 2025 results: JP¥6.59 loss per share (down from JP¥8.00 profit in 1Q 2024). Revenue: JP¥800.0m (down 20% from 1Q 2024). Net loss: JP¥27.0m (down 196% from profit in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 46% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Apr 14Investor sentiment improves as stock rises 16%After last week's 16% share price gain to JP¥1,057, the stock trades at a trailing P/E ratio of 17.3x. Average trailing P/E is 11x in the Consumer Durables industry in Japan. Total returns to shareholders of 214% over the past three years.
お知らせ • Mar 01GRANDES, Inc. to Report Q1, 2025 Results on May 09, 2025GRANDES, Inc. announced that they will report Q1, 2025 results on May 09, 2025
分析記事 • Feb 17GRANDES' (TSE:3261) Profits May Not Reveal Underlying IssuesGRANDES, Inc.'s ( TSE:3261 ) robust recent earnings didn't do much to move the stock. We think this is due to investors...
New Risk • Feb 15New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 17% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (JP¥4.40b market cap, or US$28.9m).
Reported Earnings • Feb 12Full year 2024 earnings released: EPS: JP¥69.43 (vs JP¥50.86 in FY 2023)Full year 2024 results: EPS: JP¥69.43 (up from JP¥50.86 in FY 2023). Revenue: JP¥4.23b (down 8.1% from FY 2023). Net income: JP¥251.0m (up 41% from FY 2023). Profit margin: 5.9% (up from 3.9% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Feb 10GRANDES, Inc., Annual General Meeting, Mar 27, 2025GRANDES, Inc., Annual General Meeting, Mar 27, 2025.
お知らせ • Jan 06GRANDES, Inc. (TSE:3261) completed the acquisition of san-ai-home Inc. from ITbook Holdings Co.,Ltd. (TSE:1447)GRANDES, Inc. (TSE:3261) agreed to acquire san-ai-home Inc. from ITbook Holdings Co.,Ltd. (TSE:1447) for approximately ¥460 million on December 17, 2024. A cash consideration of ¥455 million will be paid by GRANDES, Inc. As part of consideration, ¥455 million is paid towards common equity of san-ai-home Inc. For the period ending March 31, 2024, san-ai-home Inc. reported total revenue of ¥689 million and net loss of ¥51 million. As of March 31, 2024, san-ai-home Inc. reported total assets of ¥1.49 billion and total common equity of ¥396 million. The expected completion of the transaction is January 6, 2025. GRANDES, Inc. (TSE:3261) completed the acquisition of san-ai-home Inc. from ITbook Holdings Co.,Ltd. (TSE:1447) on January 6, 2025.
Upcoming Dividend • Dec 20Upcoming dividend of JP¥20.00 per shareEligible shareholders must have bought the stock before 27 December 2024. Payment date: 31 March 2025. Payout ratio is on the higher end at 77% but the company is not cash flow positive. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.8%). In line with average of industry peers (1.6%).
お知らせ • Dec 03GRANDES, Inc. to Report Fiscal Year 2024 Results on Feb 10, 2025GRANDES, Inc. announced that they will report fiscal year 2024 results on Feb 10, 2025
New Risk • Nov 26New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 100% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 9.9% per year over the past 5 years. Shareholders have been substantially diluted in the past year (100% increase in shares outstanding). Minor Risks Profit margins are more than 30% lower than last year (1.9% net profit margin). Market cap is less than US$100m (JP¥8.62b market cap, or US$55.9m).
Reported Earnings • Nov 11Third quarter 2024 earnings released: JP¥10.29 loss per share (vs JP¥37.14 profit in 3Q 2023)Third quarter 2024 results: JP¥10.29 loss per share (down from JP¥37.14 profit in 3Q 2023). Revenue: JP¥747.0m (down 29% from 3Q 2023). Net loss: JP¥36.0m (down 128% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth.
New Risk • Nov 11New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.9% Last year net profit margin: 3.0% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 9.9% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (1.9% net profit margin). Market cap is less than US$100m (JP¥4.36b market cap, or US$28.6m).
分析記事 • Oct 01After Leaping 151% GRANDES, Inc. (TSE:3261) Shares Are Not Flying Under The RadarGRANDES, Inc. ( TSE:3261 ) shares have continued their recent momentum with a 151% gain in the last month alone. The...
New Risk • Sep 25New 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 8.7% 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 have declined by 8.5% per year over the past 5 years. High level of non-cash earnings (52% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.7% average weekly change). Market cap is less than US$100m (JP¥2.57b market cap, or US$17.8m).
Valuation Update With 7 Day Price Move • Sep 24Investor sentiment improves as stock rises 17%After last week's 17% share price gain to JP¥634, the stock trades at a trailing P/E ratio of 9.5x. Average trailing P/E is 12x in the Consumer Durables industry in Japan. Total returns to shareholders of 62% over the past three years.
お知らせ • Aug 27GRANDES, Inc. to Report Q3, 2024 Results on Nov 08, 2024GRANDES, Inc. announced that they will report Q3, 2024 results on Nov 08, 2024
Valuation Update With 7 Day Price Move • Aug 21Investor sentiment improves as stock rises 15%After last week's 15% share price gain to JP¥587, the stock trades at a trailing P/E ratio of 8.8x. Average trailing P/E is 11x in the Consumer Durables industry in Japan. Total returns to shareholders of 50% over the past three years.
New Risk • Aug 18New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 52% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 8.5% per year over the past 5 years. High level of non-cash earnings (52% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (JP¥2.00b market cap, or US$13.6m).
分析記事 • Aug 17Further Upside For GRANDES, Inc. (TSE:3261) Shares Could Introduce Price Risks After 26% BounceDespite an already strong run, GRANDES, Inc. ( TSE:3261 ) shares have been powering on, with a gain of 26% in the last...
分析記事 • Aug 06Investors Could Be Concerned With GRANDES' (TSE:3261) Returns On CapitalIgnoring the stock price of a company, what are the underlying trends that tell us a business is past the growth phase...
お知らせ • Jun 02GRANDES, Inc. to Report Q2, 2024 Results on Aug 09, 2024GRANDES, Inc. announced that they will report Q2, 2024 results on Aug 09, 2024
Reported Earnings • May 13First quarter 2024 earnings released: EPS: JP¥8.00 (vs JP¥20.57 loss in 1Q 2023)First quarter 2024 results: EPS: JP¥8.00 (up from JP¥20.57 loss in 1Q 2023). Revenue: JP¥1.00b (up 13% from 1Q 2023). Net income: JP¥28.0m (up JP¥100.0m from 1Q 2023). Profit margin: 2.8% (up from net loss in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 4% per year.
Valuation Update With 7 Day Price Move • May 08Investor sentiment improves as stock rises 20%After last week's 20% share price gain to JP¥482, the stock trades at a trailing P/E ratio of 9.5x. Average trailing P/E is 12x in the Consumer Durables industry in Japan. Total returns to shareholders of 36% over the past three years.
分析記事 • Apr 07We Think Shareholders Should Be Aware Of Some Factors Beyond GRANDES' (TSE:3261) ProfitGRANDES, Inc.'s ( TSE:3261 ) stock rose after it released a robust earnings report. Despite the strong profit numbers...
お知らせ • Feb 28GRANDES, Inc. to Report Q1, 2024 Results on May 10, 2024GRANDES, Inc. announced that they will report Q1, 2024 results on May 10, 2024
New Risk • Feb 15New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 21% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (7.9% average weekly change). Earnings have declined by 23% per year over the past 5 years. High level of non-cash earnings (21% accrual ratio). Market cap is less than US$10m (JP¥1.37b market cap, or US$9.09m). Minor Risk Paying a dividend despite having no free cash flows.
お知らせ • Feb 11GRANDES, Inc., Annual General Meeting, Mar 28, 2024GRANDES, Inc., Annual General Meeting, Mar 28, 2024.
Reported Earnings • Feb 11Full year 2023 earnings released: EPS: JP¥50.86 (vs JP¥18.57 in FY 2022)Full year 2023 results: EPS: JP¥50.86 (up from JP¥18.57 in FY 2022). Revenue: JP¥4.60b (up 73% from FY 2022). Net income: JP¥178.0m (up 174% from FY 2022). Profit margin: 3.9% (up from 2.4% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.
Upcoming Dividend • Dec 21Upcoming dividend of JP¥10.00 per share at 3.1% yieldEligible shareholders must have bought the stock before 28 December 2023. Payment date: 01 April 2024. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.7%).
お知らせ • Dec 05GRANDES, Inc. to Report Fiscal Year 2023 Results on Feb 09, 2024GRANDES, Inc. announced that they will report fiscal year 2023 results on Feb 09, 2024
Reported Earnings • Nov 12Third quarter 2023 earnings released: EPS: JP¥37.14 (vs JP¥2.00 loss in 3Q 2022)Third quarter 2023 results: EPS: JP¥37.14 (up from JP¥2.00 loss in 3Q 2022). Revenue: JP¥1.06b (up 233% from 3Q 2022). Net income: JP¥130.0m (up JP¥137.0m from 3Q 2022). Profit margin: 12% (up from net loss in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.
お知らせ • Aug 30GRANDES, Inc. to Report Q3, 2023 Results on Nov 10, 2023GRANDES, Inc. announced that they will report Q3, 2023 results on Nov 10, 2023
Reported Earnings • Aug 14Second quarter 2023 earnings released: EPS: JP¥13.43 (vs JP¥10.00 in 2Q 2022)Second quarter 2023 results: EPS: JP¥13.43 (up from JP¥10.00 in 2Q 2022). Revenue: JP¥1.59b (up 165% from 2Q 2022). Net income: JP¥47.0m (up 34% from 2Q 2022). Profit margin: 2.9% (down from 5.8% in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.
お知らせ • May 28GRANDES, Inc. to Report Q2, 2023 Results on Aug 10, 2023GRANDES, Inc. announced that they will report Q2, 2023 results on Aug 10, 2023
Reported Earnings • May 12First quarter 2023 earnings released: JP¥20.57 loss per share (vs JP¥3.14 loss in 1Q 2022)First quarter 2023 results: JP¥20.57 loss per share (further deteriorated from JP¥3.14 loss in 1Q 2022). Revenue: JP¥888.0m (up 260% from 1Q 2022). Net loss: JP¥72.0m (loss widened JP¥61.0m from 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.
Reported Earnings • Feb 12Full year 2022 earnings released: EPS: JP¥18.57 (vs JP¥50.54 in FY 2021)Full year 2022 results: EPS: JP¥18.57 (down from JP¥50.54 in FY 2021). Revenue: JP¥2.66b (down 5.2% from FY 2021). Net income: JP¥65.0m (down 64% from FY 2021). Profit margin: 2.4% (down from 6.5% in FY 2021). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.
お知らせ • Feb 12GRANDES, Inc., Annual General Meeting, Mar 30, 2023GRANDES, Inc., Annual General Meeting, Mar 30, 2023.
Upcoming Dividend • Dec 22Upcoming dividend of JP¥14.00 per shareEligible shareholders must have bought the stock before 29 December 2022. Payment date: 27 March 2023. Payout ratio is a comfortable 58% and this is well supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.0%).
お知らせ • Dec 06GRANDES, Inc. to Report Fiscal Year 2022 Results on Feb 10, 2023GRANDES, Inc. announced that they will report fiscal year 2022 results on Feb 10, 2023
Board Change • Nov 16No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 5 highly experienced directors. No independent directors (4 non-independent directors). External Director Eriko Sakai 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.
Reported Earnings • Nov 13Third quarter 2022 earnings released: JP¥2.00 loss per share (vs JP¥10.54 profit in 3Q 2021)Third quarter 2022 results: JP¥2.00 loss per share (down from JP¥10.54 profit in 3Q 2021). Revenue: JP¥317.0m (down 44% from 3Q 2021). Net loss: JP¥7.00m (down 118% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.
お知らせ • Aug 28GRANDES, Inc. to Report Q3, 2022 Results on Nov 10, 2022GRANDES, Inc. announced that they will report Q3, 2022 results on Nov 10, 2022
Reported Earnings • Aug 13Second quarter 2022 earnings released: EPS: JP¥10.00 (vs JP¥23.64 in 2Q 2021)Second quarter 2022 results: EPS: JP¥10.00 (down from JP¥23.64 in 2Q 2021). Revenue: JP¥601.0m (down 49% from 2Q 2021). Net income: JP¥35.0m (down 59% from 2Q 2021). Profit margin: 5.8% (down from 7.2% in 2Q 2021). The decrease in margin was driven by lower 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 4% per year, which means it has not declined as severely as earnings.
お知らせ • May 30GRANDES, Inc. to Report Q2, 2022 Results on Aug 10, 2022GRANDES, Inc. announced that they will report Q2, 2022 results on Aug 10, 2022
Reported Earnings • May 11First quarter 2022 earnings released: JP¥3.14 loss per share (vs JP¥2.75 loss in 1Q 2021)First quarter 2022 results: JP¥3.14 loss per share (down from JP¥2.75 loss in 1Q 2021). Revenue: JP¥247.0m (down 3.1% from 1Q 2021). Net loss: JP¥11.0m (loss widened 10.0% from 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.
Board Change • Apr 27No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 5 highly experienced directors. No independent directors (4 non-independent directors). External Director Eriko Sakai 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.
お知らせ • Feb 27GRANDES, Inc. to Report Q1, 2022 Results on May 10, 2022GRANDES, Inc. announced that they will report Q1, 2022 results on May 10, 2022
お知らせ • Feb 12GRANDES, Inc., Annual General Meeting, Mar 24, 2022GRANDES, Inc., Annual General Meeting, Mar 24, 2022.
Upcoming Dividend • Dec 22Upcoming dividend of JP¥14.00 per shareEligible shareholders must have bought the stock before 29 December 2021. Payment date: 26 March 2022. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.4%).
Reported Earnings • Nov 12Third quarter 2021 earnings released: EPS JP¥10.54 (vs JP¥4.67 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥568.0m (up 61% from 3Q 2020). Net income: JP¥38.0m (up 124% from 3Q 2020). Profit margin: 6.7% (up from 4.8% 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 26% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
お知らせ • Jun 15GRANDES, Inc. (TSE:3261) announces an Equity Buyback for 200,000 shares, representing 5.5% for ¥100 million.GRANDES, Inc. (TSE:3261) announces a share repurchase program. Under the program, the company will repurchase 200,000 shares, representing 5.5% of the outstanding shares for ¥100 million. The purpose of the program is to enhance capital efficiency, improve shareholder returns and implement a flexible capital policy in response to changes in the business environment. The program will run until December 27, 2021. As of December 31, 2020, the company had 3,637,874 shares outstanding and 37 shares in treasury.
Reported Earnings • May 12First quarter 2021 earnings released: JP¥2.75 loss per share (vs JP¥4.12 loss in 1Q 2020)The company reported a decent first quarter result with reduced losses and improved control over expenses, although revenues were weaker. First quarter 2021 results: Revenue: JP¥255.0m (down 18% from 1Q 2020). Net loss: JP¥10.0m (loss narrowed 33% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.
Reported Earnings • Mar 31Full year 2020 earnings released: EPS JP¥23.09 (vs JP¥66.42 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥1.77b (down 32% from FY 2019). Net income: JP¥84.0m (down 67% from FY 2019). Profit margin: 4.7% (down from 9.7% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.
お知らせ • Mar 21GRANDES, Inc. to Report Q1, 2021 Results on May 10, 2021GRANDES, Inc. announced that they will report Q1, 2021 results on May 10, 2021
Reported Earnings • Feb 14Full year 2020 earnings released: EPS JP¥23.09 (vs JP¥66.42 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥1.77b (down 32% from FY 2019). Net income: JP¥84.0m (down 67% from FY 2019). Profit margin: 4.7% (down from 9.7% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.
お知らせ • Feb 12GRANDES, Inc., Annual General Meeting, Mar 25, 2021GRANDES, Inc., Annual General Meeting, Mar 25, 2021.
Valuation Update With 7 Day Price Move • Feb 02Investor sentiment improved over the past weekAfter last week's 23% share price gain to JP¥453, the stock is trading at a trailing P/E ratio of 30x, up from the previous P/E ratio of 24.4x. This compares to an average P/E of 12x in the Consumer Durables industry in Japan. Total returns to shareholders over the past three years are 16%.
Is New 90 Day High Low • Feb 02New 90-day high: JP¥453The company is up 8.0% from its price of JP¥421 on 04 November 2020. The Japanese market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 20% over the same period.
お知らせ • Aug 30GRANDES, Inc. to Report Q3, 2020 Results on Nov 12, 2020GRANDES, Inc. announced that they will report Q3, 2020 results on Nov 12, 2020
