View ValuationThis company listing is no longer activeThis company may still be operating, however this listing is no longer active.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 EventsDescente 将来の成長Future 基準チェック /26Descente利益と収益がそれぞれ年間14.8%と2.9%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に13% 14.8%なると予測されています。主要情報14.8%収益成長率14.84%EPS成長率Luxury 収益成長11.9%収益成長率2.9%将来の株主資本利益率13.01%アナリストカバレッジLow最終更新日24 Jan 2025今後の成長に関する最新情報Price Target Changed • Sep 21Price target increased by 8.3% to JP¥5,633Up from JP¥5,200, the current price target is an average from 3 analysts. New target price is 45% above last closing price of JP¥3,885. Stock is up 11% over the past year. The company is forecast to post earnings per share of JP¥172 for next year compared to JP¥140 last year.すべての更新を表示Recent updatesお知らせ • Jan 24Descente Ltd.(TSE:8114) dropped from FTSE All-World Index (USD)Descente Ltd.(TSE:8114) dropped from FTSE All-World Index (USD)お知らせ • Dec 27Descente Ltd. to Delist from Prime Section of the Tokyo Stock Exchange, Effective January 24, 2025Descente Ltd. will be delisted from Prime Section of the Tokyo Stock Exchange effective from January 24, 2025, due to Reverse stock split.Reported Earnings • Nov 09Second quarter 2025 earnings released: EPS: JP¥46.31 (vs JP¥32.85 in 2Q 2024)Second quarter 2025 results: EPS: JP¥46.31 (up from JP¥32.85 in 2Q 2024). Revenue: JP¥35.3b (up 7.7% from 2Q 2024). Net income: JP¥3.50b (up 41% from 2Q 2024). Profit margin: 9.9% (up from 7.6% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.お知らせ • Oct 31BS Investment Corporation Completed the acquisition of remaining 55.6% stake in Descente Ltd. (TSE:8114) from a group of shareholders.BS Investment Corporation proposed to acquire remaining 55.6% stake in Descente Ltd. (TSE:8114) from a group of shareholders for approximately ¥180 billion on August 5, 2024. A cash consideration of ¥182.62 billion will be paid by BS Investment Corporation at a price of ¥4,350 per share. The transaction is subject to minimum tender of 16,793,700 shares. The transaction is subject to approval of merger agreement by board of Descente and subject to antitrust regulations. Nomura Securities Co., Ltd. acted as financial advisor for BS Investment Corporation. Nagashima Ohno & Tsunematsu acted as legal advisor for BS Investment Corporation. Mori Hamada & Matsumoto LPC acted as legal advisor for Descente Ltd. Daiwa Securities Co. Ltd. acted as financial advisor for Descente Ltd. Anderson Mori & Tomotsune LPC acted as legal advisor for Descente Ltd. Plutus Consulting Co., Ltd. acted as financial advisor for Descente Ltd. Plutus Consulting Co., Ltd. acted as due diligence provider for Descente Ltd. Daiwa Securities Co. Ltd. acted as fairness opinion provider for Descente Ltd. BS Investment Corporation Completed the acquisition of remaining 55.6% stake in Descente Ltd. (TSE:8114) from a group of shareholders on October 29, 2024.お知らせ • Sep 27Descente Ltd. to Report Q2, 2025 Results on Nov 08, 2024Descente Ltd. announced that they will report Q2, 2025 results on Nov 08, 2024Reported Earnings • Aug 07First quarter 2025 earnings released: EPS: JP¥36.26 (vs JP¥42.26 in 1Q 2024)First quarter 2025 results: EPS: JP¥36.26 (down from JP¥42.26 in 1Q 2024). Revenue: JP¥27.5b (up 1.2% from 1Q 2024). Net income: JP¥2.74b (down 14% from 1Q 2024). Profit margin: 10.0% (down from 12% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.お知らせ • Aug 06BS Investment Corporation proposed to acquire remaining 55.6% stake in Descente Ltd. (TSE:8114) from a group of shareholders for approximately ¥180 billion.BS Investment Corporation proposed to acquire remaining 55.6% stake in Descente Ltd. (TSE:8114) from a group of shareholders for approximately ¥180 billion on August 5, 2024. A cash consideration of ¥182.62 billion will be paid by BS Investment Corporation at a price of ¥4,350 per share. The transaction is subject to minimum tender of 16,793,700 shares. The transaction is subject to approval of merger agreement by board of Descente and subject to antitrust regulations. Nomura Securities Co., Ltd. acted as financial advisor for BS Investment Corporation. Nagashima Ohno & Tsunematsu acted as legal advisor for BS Investment Corporation. Mori Hamada & Matsumoto LPC acted as legal advisor for Descente Ltd. Daiwa Securities Co. Ltd. acted as financial advisor for Descente Ltd. Anderson Mori & Tomotsune LPC acted as legal advisor for Descente Ltd. Plutus Consulting Co., Ltd. acted as financial advisor for Descente Ltd. Plutus Consulting Co., Ltd. acted as due diligence provider for Descente Ltd. Daiwa Securities Co. Ltd. acted as fairness opinion provider for Descente Ltd.Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to JP¥3,365, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 16x in the Luxury industry in Japan. Total returns to shareholders of 9.5% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,423 per share.分析記事 • Aug 03There Are Reasons To Feel Uneasy About Descente's (TSE:8114) Returns On CapitalIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...Reported Earnings • Jun 16Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: JP¥159 (up from JP¥140 in FY 2023). Revenue: JP¥127.0b (up 5.3% from FY 2023). Net income: JP¥12.0b (up 14% from FY 2023). Profit margin: 9.5% (in line with FY 2023). Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) also surpassed analyst estimates by 5.0%. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.お知らせ • Jun 13Descente Ltd. to Report Q1, 2025 Results on Aug 09, 2024Descente Ltd. announced that they will report Q1, 2025 results on Aug 09, 2024分析記事 • May 22Descente (TSE:8114) Seems To Use Debt Rather SparinglyDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Buy Or Sell Opportunity • May 17Now 22% undervaluedOver the last 90 days, the stock has risen 6.8% to JP¥3,445. The fair value is estimated to be JP¥4,408, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.4% over the last 3 years. Earnings per share has grown by 21%. For the next 3 years, revenue is forecast to grow by 3.8% per annum. Earnings are also forecast to grow by 13% per annum over the same time period.Reported Earnings • May 16Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: JP¥159 (up from JP¥140 in FY 2023). Revenue: JP¥127.0b (up 5.3% from FY 2023). Net income: JP¥12.0b (up 14% from FY 2023). Profit margin: 9.5% (in line with FY 2023). Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) also surpassed analyst estimates by 5.0%. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 24% per year.お知らせ • May 15Descente Ltd., Annual General Meeting, Jun 13, 2024Descente Ltd., Annual General Meeting, Jun 13, 2024.分析記事 • Apr 30Descente Ltd.'s (TSE:8114) Share Price Matching Investor OpinionWith a price-to-earnings (or "P/E") ratio of 30.9x Descente Ltd. ( TSE:8114 ) may be sending very bearish signals at...Upcoming Dividend • Mar 21Upcoming dividend of JP¥44.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 17 June 2024. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (1.7%).Buy Or Sell Opportunity • Mar 21Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 5.7% to JP¥3,485. The fair value is estimated to be JP¥4,423, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.7% over the last 3 years. Earnings per share has grown by 31%. For the next 3 years, revenue is forecast to grow by 4.3% per annum. Earnings are also forecast to grow by 17% per annum over the same time period.お知らせ • Mar 02Descente Ltd. to Report Fiscal Year 2024 Results on May 13, 2024Descente Ltd. announced that they will report fiscal year 2024 results on May 13, 2024Reported Earnings • Feb 08Third quarter 2024 earnings released: EPS: JP¥35.37 (vs JP¥66.75 in 3Q 2023)Third quarter 2024 results: EPS: JP¥35.37 (down from JP¥66.75 in 3Q 2023). Revenue: JP¥30.1b (up 4.2% from 3Q 2023). Net income: JP¥2.67b (down 47% from 3Q 2023). Profit margin: 8.9% (down from 17% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.Buying Opportunity • Dec 05Now 21% undervaluedOver the last 90 days, the stock is up 10%. The fair value is estimated to be JP¥5,094, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.3% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 4.2% per annum. Earnings is also forecast to grow by 17% per annum over the same time period.お知らせ • Nov 17Descente Ltd. to Report Q3, 2024 Results on Feb 05, 2024Descente Ltd. announced that they will report Q3, 2024 results on Feb 05, 2024Reported Earnings • Nov 08Second quarter 2024 earnings released: EPS: JP¥32.85 (vs JP¥36.81 in 2Q 2023)Second quarter 2024 results: EPS: JP¥32.85 (down from JP¥36.81 in 2Q 2023). Revenue: JP¥32.8b (up 6.6% from 2Q 2023). Net income: JP¥2.48b (down 11% from 2Q 2023). Profit margin: 7.6% (down from 9.0% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth.Price Target Changed • Sep 21Price target increased by 8.3% to JP¥5,633Up from JP¥5,200, the current price target is an average from 3 analysts. New target price is 45% above last closing price of JP¥3,885. Stock is up 11% over the past year. The company is forecast to post earnings per share of JP¥172 for next year compared to JP¥140 last year.お知らせ • Aug 27Descente Ltd. to Report Q2, 2024 Results on Nov 07, 2023Descente Ltd. announced that they will report Q2, 2024 results on Nov 07, 2023Reported Earnings • Aug 12First quarter 2024 earnings released: EPS: JP¥42.26 (vs JP¥31.17 in 1Q 2023)First quarter 2024 results: EPS: JP¥42.26 (up from JP¥31.17 in 1Q 2023). Revenue: JP¥27.2b (up 2.8% from 1Q 2023). Net income: JP¥3.19b (up 36% from 1Q 2023). Profit margin: 12% (up from 8.9% in 1Q 2023). Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth.お知らせ • Jun 28Descente Ltd. to Report Q1, 2024 Results on Aug 10, 2023Descente Ltd. announced that they will report Q1, 2024 results on Aug 10, 2023Reported Earnings • Jun 18Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: JP¥140 (up from JP¥82.53 in FY 2022). Revenue: JP¥120.6b (up 11% from FY 2022). Net income: JP¥10.6b (up 69% from FY 2022). Profit margin: 8.7% (up from 5.7% in FY 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) also missed analyst estimates by 12%. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth.Reported Earnings • May 19Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: JP¥140 (up from JP¥82.53 in FY 2022). Revenue: JP¥120.6b (up 11% from FY 2022). Net income: JP¥10.6b (up 69% from FY 2022). Profit margin: 8.7% (up from 5.7% in FY 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) also missed analyst estimates by 12%. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 44% per year, which means it is significantly lagging earnings growth.お知らせ • May 17Descente Ltd., Annual General Meeting, Jun 15, 2023Descente Ltd., Annual General Meeting, Jun 15, 2023.Upcoming Dividend • Mar 23Upcoming dividend of JP¥40.00 per share at 1.0% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 19 June 2023. Trailing yield: 1.0%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (1.9%).Reported Earnings • Feb 10Third quarter 2023 earnings released: EPS: JP¥66.75 (vs JP¥32.66 in 3Q 2022)Third quarter 2023 results: EPS: JP¥66.75 (up from JP¥32.66 in 3Q 2022). Revenue: JP¥28.9b (up 8.0% from 3Q 2022). Net income: JP¥5.04b (up 105% from 3Q 2022). Profit margin: 17% (up from 9.2% in 3Q 2022). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth.お知らせ • Dec 21Descente Ltd. to Report Q3, 2023 Results on Feb 06, 2023Descente Ltd. announced that they will report Q3, 2023 results on Feb 06, 2023Reported Earnings • Nov 16Second quarter 2023 earnings released: EPS: JP¥36.81 (vs JP¥17.94 in 2Q 2022)Second quarter 2023 results: EPS: JP¥36.81 (up from JP¥17.94 in 2Q 2022). Revenue: JP¥30.8b (up 12% from 2Q 2022). Net income: JP¥2.78b (up 105% from 2Q 2022). Profit margin: 9.0% (up from 4.9% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth.Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 1 highly experienced director. 2 independent directors (4 non-independent directors). Senior Managing Executive Officer & Director Hoon-Do Kim was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Nov 09Second quarter 2023 earnings released: EPS: JP¥36.81 (vs JP¥17.94 in 2Q 2022)Second quarter 2023 results: EPS: JP¥36.81 (up from JP¥17.94 in 2Q 2022). Revenue: JP¥30.8b (up 12% from 2Q 2022). Net income: JP¥2.78b (up 105% from 2Q 2022). Profit margin: 9.0% (up from 4.9% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth.お知らせ • Sep 01Descente Ltd. to Report Q2, 2023 Results on Nov 07, 2022Descente Ltd. announced that they will report Q2, 2023 results on Nov 07, 2022お知らせ • Aug 10Descente Ltd. (TSE:8114) agreed to acquire additional 10% stake in le coq sportif(Ningbo)co., ltd. from Zhejiang Trade Zone Sheng Rong Clothing Co., Ltd. for CNY 182 million.Descente Ltd. (TSE:8114) agreed to acquire additional 10% stake in le coq sportif(Ningbo)co., ltd. from Zhejiang Trade Zone Sheng Rong Clothing Co., Ltd. for CNY 182 million on August 8, 2022. For the year ended December 2021, the Total Assets were CNY 374 million, Net Worth was CNy 187 million, Sales were CNY 466 million, Operating Income was CNY 16 million and Net Income was CNY 12 million. Transaction is expected to close on October 1, 2022.Reported Earnings • Aug 09First quarter 2023 earnings released: EPS: JP¥31.17 (vs JP¥15.02 in 1Q 2022)First quarter 2023 results: EPS: JP¥31.17 (up from JP¥15.02 in 1Q 2022). Revenue: JP¥26.4b (up 18% from 1Q 2022). Net income: JP¥2.35b (up 108% from 1Q 2022). Profit margin: 8.9% (up from 5.0% in 1Q 2022). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 3.6%, compared to a 9.6% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth.お知らせ • Jun 29Descente Ltd. (TSE:8114) completed the acquisition of 70% stake in Arena (Shanghai) Industrial Co. Limited from Tian Feng (Shanghai) Apparel and Accessory Trading Co., Ltd.Descente Ltd. (TSE:8114) entered into an agreement to acquire a 70% stake in Arena (Shanghai) Industrial Co. Limited from Tian Feng (Shanghai) Apparel and Accessory Trading Co., Ltd. for CNY 22.1 million on January 7, 2022. Net asset value of Arena Shanghai as of September 30, 2021 was approximately CNY 39.44 million. The deal is expected to complete on April 1, 2022. As on April 28, 2022, Transaction Long stop date as been extended to June 30, 2022. Descente Ltd. (TSE:8114) completed the acquisition of 70% stake in Arena (Shanghai) Industrial Co. Limited from Tian Feng (Shanghai) Apparel and Accessory Trading Co., Ltd. on June 27, 2022.Reported Earnings • Jun 20Full year 2022 earnings released: EPS: JP¥82.53 (vs JP¥66.79 in FY 2021)Full year 2022 results: EPS: JP¥82.53 (up from JP¥66.79 in FY 2021). Revenue: JP¥108.9b (up 12% from FY 2021). Net income: JP¥6.23b (up 24% from FY 2021). Profit margin: 5.7% (up from 5.2% in FY 2021). Over the next year, revenue is forecast to grow 6.0%, compared to a 9.7% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.お知らせ • Jun 15Descente Ltd. to Report Q1, 2023 Results on Aug 08, 2022Descente Ltd. announced that they will report Q1, 2023 results on Aug 08, 2022Valuation Update With 7 Day Price Move • Jun 15Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to JP¥2,770, the stock trades at a trailing P/E ratio of 33.6x. Average trailing P/E is 18x in the Luxury industry in Japan. Total returns to shareholders of 44% over the past three years.Valuation Update With 7 Day Price Move • Jun 01Investor sentiment improved over the past weekAfter last week's 18% share price gain to JP¥2,774, the stock trades at a trailing P/E ratio of 33.6x. Average trailing P/E is 17x in the Luxury industry in Japan. Total returns to shareholders of 50% over the past three years.Reported Earnings • May 16Full year 2022 earnings released: EPS: JP¥82.53 (vs JP¥66.79 in FY 2021)Full year 2022 results: EPS: JP¥82.53 (up from JP¥66.79 in FY 2021). Revenue: JP¥108.9b (up 12% from FY 2021). Net income: JP¥6.23b (up 24% from FY 2021). Profit margin: 5.7% (up from 5.2% in FY 2021). Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.お知らせ • May 14Descente Ltd., Annual General Meeting, Jun 16, 2022Descente Ltd., Annual General Meeting, Jun 16, 2022.Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. 1 independent director (5 non-independent directors). Senior Managing Executive Officer & Director Hoon-Do Kim was the last director to join the board, commencing their role in 2014. 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 08Descente Ltd. to Report Fiscal Year 2022 Results on May 12, 2022Descente Ltd. announced that they will report fiscal year 2022 results on May 12, 2022Valuation Update With 7 Day Price Move • Mar 23Investor sentiment improved over the past weekAfter last week's 15% share price gain to JP¥2,981, the stock trades at a trailing P/E ratio of 43.6x. Average trailing P/E is 13x in the Luxury industry in Japan. Total returns to shareholders of 5.5% over the past three years.Reported Earnings • Feb 08Third quarter 2022 earnings: Revenues and EPS in line with analyst expectationsThird quarter 2022 results: EPS: JP¥32.66 (down from JP¥80.75 in 3Q 2021). Revenue: JP¥26.8b (up 13% from 3Q 2021). Net income: JP¥2.47b (down 60% from 3Q 2021). Profit margin: 9.2% (down from 26% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.お知らせ • Jan 09Descente Ltd. (TSE:8114) entered into an agreement to acquire a 70% stake in Arena (Shanghai) Industrial Co. Limited from Tian Feng Apparel and Accessory Trading Co., for CNY 22.1 million.Descente Ltd. (TSE:8114) entered into an agreement to acquire a 70% stake in Arena (Shanghai) Industrial Co. Limited from Tian Feng Apparel and Accessory Trading Co., for CNY 22.1 million on January 7, 2022. Net asset value of Arena Shanghai as of September 30, 2021 was approximately CNY 39.44 million.Reported Earnings • Nov 07Second quarter 2022 earnings released: EPS JP¥17.94 (vs JP¥9.98 in 2Q 2021)The company reported a solid second quarter result with improved earnings and profit margins, although revenues were flat. Second quarter 2022 results: Revenue: JP¥27.4b (flat on 2Q 2021). Net income: JP¥1.35b (up 80% from 2Q 2021). Profit margin: 4.9% (up from 2.8% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Sep 07Investor sentiment improved over the past weekAfter last week's 16% share price gain to JP¥3,730, the stock trades at a trailing P/E ratio of 34.4x. Average trailing P/E is 15x in the Luxury industry in Japan. Total returns to shareholders of 83% over the past three years.Reported Earnings • Aug 13First quarter 2022 earnings released: EPS JP¥15.02 (vs JP¥26.75 loss in 1Q 2021)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥22.5b (up 45% from 1Q 2021). Net income: JP¥1.13b (up JP¥3.15b from 1Q 2021). Profit margin: 5.0% (up from net loss in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings.Reported Earnings • Jun 21Full year 2021 earnings released: EPS JP¥66.79 (vs JP¥32.89 loss in FY 2020)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥96.9b (down 22% from FY 2020). Net income: JP¥5.04b (up JP¥7.52b from FY 2020). Profit margin: 5.2% (up from net loss in FY 2020). Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Jun 07Investor sentiment improved over the past weekAfter last week's 18% share price gain to JP¥2,251, the stock trades at a trailing P/E ratio of 33.7x. Average trailing P/E is 19x in the Luxury industry in Japan. Total returns to shareholders of 7.8% over the past three years.Reported Earnings • May 19Full year 2021 earnings released: EPS JP¥66.79 (vs JP¥32.89 loss in FY 2020)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥96.9b (down 22% from FY 2020). Net income: JP¥5.04b (up JP¥7.52b from FY 2020). Profit margin: 5.2% (up from net loss in FY 2020). Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.お知らせ • Mar 04Descente Ltd. to Report Fiscal Year 2021 Results on May 14, 2021Descente Ltd. announced that they will report fiscal year 2021 results on May 14, 2021Reported Earnings • Feb 07Third quarter 2021 earnings released: EPS JP¥80.75 (vs JP¥5.83 loss in 3Q 2020)The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: JP¥23.7b (down 12% from 3Q 2020). Net income: JP¥6.09b (up JP¥6.53b from 3Q 2020). Profit margin: 26% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 82% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.Is New 90 Day High Low • Jan 08New 90-day high: JP¥1,935The company is up 17% from its price of JP¥1,648 on 09 October 2020. The Japanese market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is flat over the same period.Is New 90 Day High Low • Dec 21New 90-day high: JP¥1,922The company is up 6.0% from its price of JP¥1,811 on 18 September 2020. The Japanese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Luxury industry, which is up 3.0% over the same period.お知らせ • Nov 29Descente Ltd. to Report Q3, 2021 Results on Feb 05, 2021Descente Ltd. announced that they will report Q3, 2021 results on Feb 05, 2021お知らせ • Nov 25Descente to Be Deleted from Other OTCDescente Ltd.’s SHS (Japan) will be deleted from other OTC effective November 24, 2020. The deletion is due to Inactive Security.お知らせ • Oct 10Descente Ltd. to Report Q2, 2021 Results on Nov 06, 2020Descente Ltd. announced that they will report Q2, 2021 results on Nov 06, 2020お知らせ • Jun 28Descente Ltd. to Report Q1, 2021 Results on Aug 05, 2020Descente Ltd. announced that they will report Q1, 2021 results on Aug 05, 2020業績と収益の成長予測TSE:8114 - アナリストの将来予測と過去の財務データ ( )JPY Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数3/31/2027140,14918,236N/AN/A13/31/2026135,96915,935N/AN/A13/31/2025132,92913,799N/AN/A19/30/2024129,82212,5805,4669,449N/A6/30/2024127,30911,562N/AN/AN/A3/31/2024126,98912,0144,4247,392N/A12/31/2023124,6158,722N/AN/AN/A9/30/2023123,38911,0905,8158,433N/A6/30/2023121,35111,388N/AN/AN/A3/31/2023120,61410,55011,26812,906N/A12/31/2022118,31011,449N/AN/AN/A9/30/2022116,1768,87411,73113,301N/A6/30/2022112,8367,449N/AN/AN/A3/31/2022108,8926,22911,69613,515N/A12/31/2021106,9055,163N/AN/AN/A9/30/2021103,8918,7919,55710,885N/A6/30/2021103,7908,190N/AN/AN/A3/31/202196,8625,0396542,393N/A12/31/202098,331577N/AN/AN/A9/30/2020101,532-5,956-8,239-4,671N/A6/30/2020110,635-4,853N/AN/AN/A3/31/2020124,561-2,481-1,2002,371N/A12/31/2019134,3962,882N/AN/AN/A9/30/2019141,6013,8638,01512,287N/A6/30/2019141,1463,323N/AN/AN/A3/31/2019142,4433,9444,46311,137N/A12/31/2018143,1414,773N/AN/AN/A9/30/2018141,9335,6224,20811,396N/A6/30/2018141,7205,982N/AN/AN/A3/31/2018141,1245,771N/A12,523N/A12/31/2017137,5915,304N/AN/AN/A9/30/2017134,9745,412N/A7,298N/A6/30/2017133,7885,369N/AN/AN/A3/31/2017131,5435,650N/A5,520N/A12/31/2016131,8006,276N/AN/AN/A9/30/2016133,3666,827N/A7,402N/A6/30/2016134,7247,751N/AN/AN/A3/31/2016135,7787,870N/A9,883N/A12/31/2015133,6218,193N/AN/AN/A9/30/2015130,9347,509N/A9,037N/A6/30/2015128,7087,664N/AN/AN/A3/31/2015123,1286,563N/A10,310N/A12/31/2014120,3485,871N/AN/AN/A9/30/2014116,8915,432N/A10,052N/A6/30/2014113,2334,555N/AN/AN/A3/31/2014109,9444,470N/A3,976N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: 8114の予測収益成長率 (年間14.8% ) は 貯蓄率 ( 0.3% ) を上回っています。収益対市場: 8114の収益 ( 14.8% ) はJP市場 ( 8.7% ) よりも速いペースで成長すると予測されています。高成長収益: 8114の収益は増加すると予測されていますが、大幅には増加しません。収益対市場: 8114の収益 ( 2.9% ) JP市場 ( 5.4% ) よりも低い成長が予測されています。高い収益成長: 8114の収益 ( 2.9% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: 8114の 自己資本利益率 は、3年後には低くなると予測されています ( 13 %)。成長企業の発掘7D1Y7D1Y7D1YConsumer-durables 業界の高成長企業。View Past Performance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2025/01/27 08:25終値2025/01/23 00:00収益2024/09/30年間収益2024/03/31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Descente Ltd. 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。2 アナリスト機関Arashi NishizawaBofA Global ResearchYasuhiro NaritaNomura Securities Co. Ltd.
Price Target Changed • Sep 21Price target increased by 8.3% to JP¥5,633Up from JP¥5,200, the current price target is an average from 3 analysts. New target price is 45% above last closing price of JP¥3,885. Stock is up 11% over the past year. The company is forecast to post earnings per share of JP¥172 for next year compared to JP¥140 last year.
お知らせ • Jan 24Descente Ltd.(TSE:8114) dropped from FTSE All-World Index (USD)Descente Ltd.(TSE:8114) dropped from FTSE All-World Index (USD)
お知らせ • Dec 27Descente Ltd. to Delist from Prime Section of the Tokyo Stock Exchange, Effective January 24, 2025Descente Ltd. will be delisted from Prime Section of the Tokyo Stock Exchange effective from January 24, 2025, due to Reverse stock split.
Reported Earnings • Nov 09Second quarter 2025 earnings released: EPS: JP¥46.31 (vs JP¥32.85 in 2Q 2024)Second quarter 2025 results: EPS: JP¥46.31 (up from JP¥32.85 in 2Q 2024). Revenue: JP¥35.3b (up 7.7% from 2Q 2024). Net income: JP¥3.50b (up 41% from 2Q 2024). Profit margin: 9.9% (up from 7.6% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
お知らせ • Oct 31BS Investment Corporation Completed the acquisition of remaining 55.6% stake in Descente Ltd. (TSE:8114) from a group of shareholders.BS Investment Corporation proposed to acquire remaining 55.6% stake in Descente Ltd. (TSE:8114) from a group of shareholders for approximately ¥180 billion on August 5, 2024. A cash consideration of ¥182.62 billion will be paid by BS Investment Corporation at a price of ¥4,350 per share. The transaction is subject to minimum tender of 16,793,700 shares. The transaction is subject to approval of merger agreement by board of Descente and subject to antitrust regulations. Nomura Securities Co., Ltd. acted as financial advisor for BS Investment Corporation. Nagashima Ohno & Tsunematsu acted as legal advisor for BS Investment Corporation. Mori Hamada & Matsumoto LPC acted as legal advisor for Descente Ltd. Daiwa Securities Co. Ltd. acted as financial advisor for Descente Ltd. Anderson Mori & Tomotsune LPC acted as legal advisor for Descente Ltd. Plutus Consulting Co., Ltd. acted as financial advisor for Descente Ltd. Plutus Consulting Co., Ltd. acted as due diligence provider for Descente Ltd. Daiwa Securities Co. Ltd. acted as fairness opinion provider for Descente Ltd. BS Investment Corporation Completed the acquisition of remaining 55.6% stake in Descente Ltd. (TSE:8114) from a group of shareholders on October 29, 2024.
お知らせ • Sep 27Descente Ltd. to Report Q2, 2025 Results on Nov 08, 2024Descente Ltd. announced that they will report Q2, 2025 results on Nov 08, 2024
Reported Earnings • Aug 07First quarter 2025 earnings released: EPS: JP¥36.26 (vs JP¥42.26 in 1Q 2024)First quarter 2025 results: EPS: JP¥36.26 (down from JP¥42.26 in 1Q 2024). Revenue: JP¥27.5b (up 1.2% from 1Q 2024). Net income: JP¥2.74b (down 14% from 1Q 2024). Profit margin: 10.0% (down from 12% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
お知らせ • Aug 06BS Investment Corporation proposed to acquire remaining 55.6% stake in Descente Ltd. (TSE:8114) from a group of shareholders for approximately ¥180 billion.BS Investment Corporation proposed to acquire remaining 55.6% stake in Descente Ltd. (TSE:8114) from a group of shareholders for approximately ¥180 billion on August 5, 2024. A cash consideration of ¥182.62 billion will be paid by BS Investment Corporation at a price of ¥4,350 per share. The transaction is subject to minimum tender of 16,793,700 shares. The transaction is subject to approval of merger agreement by board of Descente and subject to antitrust regulations. Nomura Securities Co., Ltd. acted as financial advisor for BS Investment Corporation. Nagashima Ohno & Tsunematsu acted as legal advisor for BS Investment Corporation. Mori Hamada & Matsumoto LPC acted as legal advisor for Descente Ltd. Daiwa Securities Co. Ltd. acted as financial advisor for Descente Ltd. Anderson Mori & Tomotsune LPC acted as legal advisor for Descente Ltd. Plutus Consulting Co., Ltd. acted as financial advisor for Descente Ltd. Plutus Consulting Co., Ltd. acted as due diligence provider for Descente Ltd. Daiwa Securities Co. Ltd. acted as fairness opinion provider for Descente Ltd.
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to JP¥3,365, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 16x in the Luxury industry in Japan. Total returns to shareholders of 9.5% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,423 per share.
分析記事 • Aug 03There Are Reasons To Feel Uneasy About Descente's (TSE:8114) Returns On CapitalIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Reported Earnings • Jun 16Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: JP¥159 (up from JP¥140 in FY 2023). Revenue: JP¥127.0b (up 5.3% from FY 2023). Net income: JP¥12.0b (up 14% from FY 2023). Profit margin: 9.5% (in line with FY 2023). Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) also surpassed analyst estimates by 5.0%. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
お知らせ • Jun 13Descente Ltd. to Report Q1, 2025 Results on Aug 09, 2024Descente Ltd. announced that they will report Q1, 2025 results on Aug 09, 2024
分析記事 • May 22Descente (TSE:8114) Seems To Use Debt Rather SparinglyDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Buy Or Sell Opportunity • May 17Now 22% undervaluedOver the last 90 days, the stock has risen 6.8% to JP¥3,445. The fair value is estimated to be JP¥4,408, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.4% over the last 3 years. Earnings per share has grown by 21%. For the next 3 years, revenue is forecast to grow by 3.8% per annum. Earnings are also forecast to grow by 13% per annum over the same time period.
Reported Earnings • May 16Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: JP¥159 (up from JP¥140 in FY 2023). Revenue: JP¥127.0b (up 5.3% from FY 2023). Net income: JP¥12.0b (up 14% from FY 2023). Profit margin: 9.5% (in line with FY 2023). Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) also surpassed analyst estimates by 5.0%. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 24% per year.
お知らせ • May 15Descente Ltd., Annual General Meeting, Jun 13, 2024Descente Ltd., Annual General Meeting, Jun 13, 2024.
分析記事 • Apr 30Descente Ltd.'s (TSE:8114) Share Price Matching Investor OpinionWith a price-to-earnings (or "P/E") ratio of 30.9x Descente Ltd. ( TSE:8114 ) may be sending very bearish signals at...
Upcoming Dividend • Mar 21Upcoming dividend of JP¥44.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 17 June 2024. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (1.7%).
Buy Or Sell Opportunity • Mar 21Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 5.7% to JP¥3,485. The fair value is estimated to be JP¥4,423, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.7% over the last 3 years. Earnings per share has grown by 31%. For the next 3 years, revenue is forecast to grow by 4.3% per annum. Earnings are also forecast to grow by 17% per annum over the same time period.
お知らせ • Mar 02Descente Ltd. to Report Fiscal Year 2024 Results on May 13, 2024Descente Ltd. announced that they will report fiscal year 2024 results on May 13, 2024
Reported Earnings • Feb 08Third quarter 2024 earnings released: EPS: JP¥35.37 (vs JP¥66.75 in 3Q 2023)Third quarter 2024 results: EPS: JP¥35.37 (down from JP¥66.75 in 3Q 2023). Revenue: JP¥30.1b (up 4.2% from 3Q 2023). Net income: JP¥2.67b (down 47% from 3Q 2023). Profit margin: 8.9% (down from 17% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.
Buying Opportunity • Dec 05Now 21% undervaluedOver the last 90 days, the stock is up 10%. The fair value is estimated to be JP¥5,094, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.3% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 4.2% per annum. Earnings is also forecast to grow by 17% per annum over the same time period.
お知らせ • Nov 17Descente Ltd. to Report Q3, 2024 Results on Feb 05, 2024Descente Ltd. announced that they will report Q3, 2024 results on Feb 05, 2024
Reported Earnings • Nov 08Second quarter 2024 earnings released: EPS: JP¥32.85 (vs JP¥36.81 in 2Q 2023)Second quarter 2024 results: EPS: JP¥32.85 (down from JP¥36.81 in 2Q 2023). Revenue: JP¥32.8b (up 6.6% from 2Q 2023). Net income: JP¥2.48b (down 11% from 2Q 2023). Profit margin: 7.6% (down from 9.0% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Sep 21Price target increased by 8.3% to JP¥5,633Up from JP¥5,200, the current price target is an average from 3 analysts. New target price is 45% above last closing price of JP¥3,885. Stock is up 11% over the past year. The company is forecast to post earnings per share of JP¥172 for next year compared to JP¥140 last year.
お知らせ • Aug 27Descente Ltd. to Report Q2, 2024 Results on Nov 07, 2023Descente Ltd. announced that they will report Q2, 2024 results on Nov 07, 2023
Reported Earnings • Aug 12First quarter 2024 earnings released: EPS: JP¥42.26 (vs JP¥31.17 in 1Q 2023)First quarter 2024 results: EPS: JP¥42.26 (up from JP¥31.17 in 1Q 2023). Revenue: JP¥27.2b (up 2.8% from 1Q 2023). Net income: JP¥3.19b (up 36% from 1Q 2023). Profit margin: 12% (up from 8.9% in 1Q 2023). Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth.
お知らせ • Jun 28Descente Ltd. to Report Q1, 2024 Results on Aug 10, 2023Descente Ltd. announced that they will report Q1, 2024 results on Aug 10, 2023
Reported Earnings • Jun 18Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: JP¥140 (up from JP¥82.53 in FY 2022). Revenue: JP¥120.6b (up 11% from FY 2022). Net income: JP¥10.6b (up 69% from FY 2022). Profit margin: 8.7% (up from 5.7% in FY 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) also missed analyst estimates by 12%. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth.
Reported Earnings • May 19Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: JP¥140 (up from JP¥82.53 in FY 2022). Revenue: JP¥120.6b (up 11% from FY 2022). Net income: JP¥10.6b (up 69% from FY 2022). Profit margin: 8.7% (up from 5.7% in FY 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) also missed analyst estimates by 12%. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 44% per year, which means it is significantly lagging earnings growth.
お知らせ • May 17Descente Ltd., Annual General Meeting, Jun 15, 2023Descente Ltd., Annual General Meeting, Jun 15, 2023.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥40.00 per share at 1.0% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 19 June 2023. Trailing yield: 1.0%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (1.9%).
Reported Earnings • Feb 10Third quarter 2023 earnings released: EPS: JP¥66.75 (vs JP¥32.66 in 3Q 2022)Third quarter 2023 results: EPS: JP¥66.75 (up from JP¥32.66 in 3Q 2022). Revenue: JP¥28.9b (up 8.0% from 3Q 2022). Net income: JP¥5.04b (up 105% from 3Q 2022). Profit margin: 17% (up from 9.2% in 3Q 2022). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth.
お知らせ • Dec 21Descente Ltd. to Report Q3, 2023 Results on Feb 06, 2023Descente Ltd. announced that they will report Q3, 2023 results on Feb 06, 2023
Reported Earnings • Nov 16Second quarter 2023 earnings released: EPS: JP¥36.81 (vs JP¥17.94 in 2Q 2022)Second quarter 2023 results: EPS: JP¥36.81 (up from JP¥17.94 in 2Q 2022). Revenue: JP¥30.8b (up 12% from 2Q 2022). Net income: JP¥2.78b (up 105% from 2Q 2022). Profit margin: 9.0% (up from 4.9% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth.
Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 1 highly experienced director. 2 independent directors (4 non-independent directors). Senior Managing Executive Officer & Director Hoon-Do Kim was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Nov 09Second quarter 2023 earnings released: EPS: JP¥36.81 (vs JP¥17.94 in 2Q 2022)Second quarter 2023 results: EPS: JP¥36.81 (up from JP¥17.94 in 2Q 2022). Revenue: JP¥30.8b (up 12% from 2Q 2022). Net income: JP¥2.78b (up 105% from 2Q 2022). Profit margin: 9.0% (up from 4.9% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth.
お知らせ • Sep 01Descente Ltd. to Report Q2, 2023 Results on Nov 07, 2022Descente Ltd. announced that they will report Q2, 2023 results on Nov 07, 2022
お知らせ • Aug 10Descente Ltd. (TSE:8114) agreed to acquire additional 10% stake in le coq sportif(Ningbo)co., ltd. from Zhejiang Trade Zone Sheng Rong Clothing Co., Ltd. for CNY 182 million.Descente Ltd. (TSE:8114) agreed to acquire additional 10% stake in le coq sportif(Ningbo)co., ltd. from Zhejiang Trade Zone Sheng Rong Clothing Co., Ltd. for CNY 182 million on August 8, 2022. For the year ended December 2021, the Total Assets were CNY 374 million, Net Worth was CNy 187 million, Sales were CNY 466 million, Operating Income was CNY 16 million and Net Income was CNY 12 million. Transaction is expected to close on October 1, 2022.
Reported Earnings • Aug 09First quarter 2023 earnings released: EPS: JP¥31.17 (vs JP¥15.02 in 1Q 2022)First quarter 2023 results: EPS: JP¥31.17 (up from JP¥15.02 in 1Q 2022). Revenue: JP¥26.4b (up 18% from 1Q 2022). Net income: JP¥2.35b (up 108% from 1Q 2022). Profit margin: 8.9% (up from 5.0% in 1Q 2022). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 3.6%, compared to a 9.6% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth.
お知らせ • Jun 29Descente Ltd. (TSE:8114) completed the acquisition of 70% stake in Arena (Shanghai) Industrial Co. Limited from Tian Feng (Shanghai) Apparel and Accessory Trading Co., Ltd.Descente Ltd. (TSE:8114) entered into an agreement to acquire a 70% stake in Arena (Shanghai) Industrial Co. Limited from Tian Feng (Shanghai) Apparel and Accessory Trading Co., Ltd. for CNY 22.1 million on January 7, 2022. Net asset value of Arena Shanghai as of September 30, 2021 was approximately CNY 39.44 million. The deal is expected to complete on April 1, 2022. As on April 28, 2022, Transaction Long stop date as been extended to June 30, 2022. Descente Ltd. (TSE:8114) completed the acquisition of 70% stake in Arena (Shanghai) Industrial Co. Limited from Tian Feng (Shanghai) Apparel and Accessory Trading Co., Ltd. on June 27, 2022.
Reported Earnings • Jun 20Full year 2022 earnings released: EPS: JP¥82.53 (vs JP¥66.79 in FY 2021)Full year 2022 results: EPS: JP¥82.53 (up from JP¥66.79 in FY 2021). Revenue: JP¥108.9b (up 12% from FY 2021). Net income: JP¥6.23b (up 24% from FY 2021). Profit margin: 5.7% (up from 5.2% in FY 2021). Over the next year, revenue is forecast to grow 6.0%, compared to a 9.7% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.
お知らせ • Jun 15Descente Ltd. to Report Q1, 2023 Results on Aug 08, 2022Descente Ltd. announced that they will report Q1, 2023 results on Aug 08, 2022
Valuation Update With 7 Day Price Move • Jun 15Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to JP¥2,770, the stock trades at a trailing P/E ratio of 33.6x. Average trailing P/E is 18x in the Luxury industry in Japan. Total returns to shareholders of 44% over the past three years.
Valuation Update With 7 Day Price Move • Jun 01Investor sentiment improved over the past weekAfter last week's 18% share price gain to JP¥2,774, the stock trades at a trailing P/E ratio of 33.6x. Average trailing P/E is 17x in the Luxury industry in Japan. Total returns to shareholders of 50% over the past three years.
Reported Earnings • May 16Full year 2022 earnings released: EPS: JP¥82.53 (vs JP¥66.79 in FY 2021)Full year 2022 results: EPS: JP¥82.53 (up from JP¥66.79 in FY 2021). Revenue: JP¥108.9b (up 12% from FY 2021). Net income: JP¥6.23b (up 24% from FY 2021). Profit margin: 5.7% (up from 5.2% in FY 2021). Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.
お知らせ • May 14Descente Ltd., Annual General Meeting, Jun 16, 2022Descente Ltd., Annual General Meeting, Jun 16, 2022.
Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. 1 independent director (5 non-independent directors). Senior Managing Executive Officer & Director Hoon-Do Kim was the last director to join the board, commencing their role in 2014. 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 08Descente Ltd. to Report Fiscal Year 2022 Results on May 12, 2022Descente Ltd. announced that they will report fiscal year 2022 results on May 12, 2022
Valuation Update With 7 Day Price Move • Mar 23Investor sentiment improved over the past weekAfter last week's 15% share price gain to JP¥2,981, the stock trades at a trailing P/E ratio of 43.6x. Average trailing P/E is 13x in the Luxury industry in Japan. Total returns to shareholders of 5.5% over the past three years.
Reported Earnings • Feb 08Third quarter 2022 earnings: Revenues and EPS in line with analyst expectationsThird quarter 2022 results: EPS: JP¥32.66 (down from JP¥80.75 in 3Q 2021). Revenue: JP¥26.8b (up 13% from 3Q 2021). Net income: JP¥2.47b (down 60% from 3Q 2021). Profit margin: 9.2% (down from 26% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
お知らせ • Jan 09Descente Ltd. (TSE:8114) entered into an agreement to acquire a 70% stake in Arena (Shanghai) Industrial Co. Limited from Tian Feng Apparel and Accessory Trading Co., for CNY 22.1 million.Descente Ltd. (TSE:8114) entered into an agreement to acquire a 70% stake in Arena (Shanghai) Industrial Co. Limited from Tian Feng Apparel and Accessory Trading Co., for CNY 22.1 million on January 7, 2022. Net asset value of Arena Shanghai as of September 30, 2021 was approximately CNY 39.44 million.
Reported Earnings • Nov 07Second quarter 2022 earnings released: EPS JP¥17.94 (vs JP¥9.98 in 2Q 2021)The company reported a solid second quarter result with improved earnings and profit margins, although revenues were flat. Second quarter 2022 results: Revenue: JP¥27.4b (flat on 2Q 2021). Net income: JP¥1.35b (up 80% from 2Q 2021). Profit margin: 4.9% (up from 2.8% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Sep 07Investor sentiment improved over the past weekAfter last week's 16% share price gain to JP¥3,730, the stock trades at a trailing P/E ratio of 34.4x. Average trailing P/E is 15x in the Luxury industry in Japan. Total returns to shareholders of 83% over the past three years.
Reported Earnings • Aug 13First quarter 2022 earnings released: EPS JP¥15.02 (vs JP¥26.75 loss in 1Q 2021)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥22.5b (up 45% from 1Q 2021). Net income: JP¥1.13b (up JP¥3.15b from 1Q 2021). Profit margin: 5.0% (up from net loss in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings.
Reported Earnings • Jun 21Full year 2021 earnings released: EPS JP¥66.79 (vs JP¥32.89 loss in FY 2020)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥96.9b (down 22% from FY 2020). Net income: JP¥5.04b (up JP¥7.52b from FY 2020). Profit margin: 5.2% (up from net loss in FY 2020). Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Jun 07Investor sentiment improved over the past weekAfter last week's 18% share price gain to JP¥2,251, the stock trades at a trailing P/E ratio of 33.7x. Average trailing P/E is 19x in the Luxury industry in Japan. Total returns to shareholders of 7.8% over the past three years.
Reported Earnings • May 19Full year 2021 earnings released: EPS JP¥66.79 (vs JP¥32.89 loss in FY 2020)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥96.9b (down 22% from FY 2020). Net income: JP¥5.04b (up JP¥7.52b from FY 2020). Profit margin: 5.2% (up from net loss in FY 2020). Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.
お知らせ • Mar 04Descente Ltd. to Report Fiscal Year 2021 Results on May 14, 2021Descente Ltd. announced that they will report fiscal year 2021 results on May 14, 2021
Reported Earnings • Feb 07Third quarter 2021 earnings released: EPS JP¥80.75 (vs JP¥5.83 loss in 3Q 2020)The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: JP¥23.7b (down 12% from 3Q 2020). Net income: JP¥6.09b (up JP¥6.53b from 3Q 2020). Profit margin: 26% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 82% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.
Is New 90 Day High Low • Jan 08New 90-day high: JP¥1,935The company is up 17% from its price of JP¥1,648 on 09 October 2020. The Japanese market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is flat over the same period.
Is New 90 Day High Low • Dec 21New 90-day high: JP¥1,922The company is up 6.0% from its price of JP¥1,811 on 18 September 2020. The Japanese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Luxury industry, which is up 3.0% over the same period.
お知らせ • Nov 29Descente Ltd. to Report Q3, 2021 Results on Feb 05, 2021Descente Ltd. announced that they will report Q3, 2021 results on Feb 05, 2021
お知らせ • Nov 25Descente to Be Deleted from Other OTCDescente Ltd.’s SHS (Japan) will be deleted from other OTC effective November 24, 2020. The deletion is due to Inactive Security.
お知らせ • Oct 10Descente Ltd. to Report Q2, 2021 Results on Nov 06, 2020Descente Ltd. announced that they will report Q2, 2021 results on Nov 06, 2020
お知らせ • Jun 28Descente Ltd. to Report Q1, 2021 Results on Aug 05, 2020Descente Ltd. announced that they will report Q1, 2021 results on Aug 05, 2020