Buy Or Sell Opportunity • May 22
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 19% to JP¥2,140. The fair value is estimated to be JP¥2,675, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.5% over the last 3 years. Earnings per share has grown by 9.2%. Reported Earnings • May 20
Full year 2026 earnings released: EPS: JP¥539 (vs JP¥658 in FY 2025) Full year 2026 results: EPS: JP¥539 (down from JP¥658 in FY 2025). Revenue: JP¥28.2b (up 2.1% from FY 2025). Net income: JP¥800.0m (down 18% from FY 2025). Profit margin: 2.8% (down from 3.5% in FY 2025). Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 5% per year. お知らせ • May 18
Superbag Company, Limited, Annual General Meeting, Jun 26, 2026 Superbag Company, Limited, Annual General Meeting, Jun 26, 2026. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥110 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 30 June 2026. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 4.8%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (3.1%). Reported Earnings • Feb 08
Third quarter 2026 earnings released: EPS: JP¥182 (vs JP¥274 in 3Q 2025) Third quarter 2026 results: EPS: JP¥182 (down from JP¥274 in 3Q 2025). Revenue: JP¥8.36b (up 2.0% from 3Q 2025). Net income: JP¥270.0m (down 34% from 3Q 2025). Profit margin: 3.2% (down from 5.0% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 51% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Jan 08
Dividend of JP¥110 announced Shareholders will receive a dividend of JP¥110. Ex-date: 30th March 2026 Payment date: 30th June 2026 Dividend yield will be 4.0%, which is higher than the industry average of 2.8%. Sustainability & Growth Dividend is well covered by both earnings (14% earnings payout ratio) and cash flows (26% cash payout ratio). The dividend has increased by an average of 6.2% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 48% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. お知らせ • Jan 07
Superbag Company, Limited announces Annual dividend, payable on June 30, 2026 Superbag Company, Limited announced Annual dividend of JPY 110.0000 per share payable on June 30, 2026, ex-date on March 30, 2026 and record date on March 31, 2026. お知らせ • Nov 29
Superbag Company, Limited to Report Q3, 2026 Results on Feb 06, 2026 Superbag Company, Limited announced that they will report Q3, 2026 results on Feb 06, 2026 Reported Earnings • Nov 09
Second quarter 2026 earnings released: EPS: JP¥92.26 (vs JP¥102 in 2Q 2025) Second quarter 2026 results: EPS: JP¥92.26 (down from JP¥102 in 2Q 2025). Revenue: JP¥6.76b (up 2.3% from 2Q 2025). Net income: JP¥137.0m (down 9.3% from 2Q 2025). Profit margin: 2.0% (down from 2.3% in 2Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 50% per year and the company’s share price has also increased by 50% per year. お知らせ • Sep 02
Superbag Company, Limited to Report Q2, 2026 Results on Nov 07, 2025 Superbag Company, Limited announced that they will report Q2, 2026 results on Nov 07, 2025 Reported Earnings • Aug 10
First quarter 2026 earnings released: EPS: JP¥82.93 (vs JP¥81.01 in 1Q 2025) First quarter 2026 results: EPS: JP¥82.93 (up from JP¥81.01 in 1Q 2025). Revenue: JP¥6.67b (up 2.4% from 1Q 2025). Net income: JP¥123.0m (up 2.5% from 1Q 2025). Profit margin: 1.8% (in line with 1Q 2025). Over the last 3 years on average, earnings per share has increased by 67% 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 • Jun 25
Superbag Company, Limited to Report Q1, 2026 Results on Aug 08, 2025 Superbag Company, Limited announced that they will report Q1, 2026 results on Aug 08, 2025 Reported Earnings • May 19
Full year 2025 earnings released: EPS: JP¥658 (vs JP¥571 in FY 2024) Full year 2025 results: EPS: JP¥658 (up from JP¥571 in FY 2024). Revenue: JP¥27.6b (up 2.8% from FY 2024). Net income: JP¥976.0m (up 13% from FY 2024). Profit margin: 3.5% (up from 3.2% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 42% per year, which means it is significantly lagging earnings growth. お知らせ • May 15
Superbag Company, Limited, Annual General Meeting, Jun 27, 2025 Superbag Company, Limited, Annual General Meeting, Jun 27, 2025. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥1,905, the stock trades at a trailing P/E ratio of 4x. Average trailing P/E is 9x in the Packaging industry in Japan. Total returns to shareholders of 103% over the past three years. お知らせ • Mar 25
Superbag Company, Limited to Report Fiscal Year 2025 Results on May 14, 2025 Superbag Company, Limited announced that they will report fiscal year 2025 results on May 14, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥105 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 30 June 2025. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (3.1%). Reported Earnings • Feb 08
Third quarter 2025 earnings released: EPS: JP¥274 (vs JP¥331 in 3Q 2024) Third quarter 2025 results: EPS: JP¥274 (down from JP¥331 in 3Q 2024). Revenue: JP¥8.20b (flat on 3Q 2024). Net income: JP¥406.0m (down 20% from 3Q 2024). Profit margin: 5.0% (down from 6.2% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. お知らせ • Feb 06
Superbag Company, Limited SHS to Be Deleted from OTC Equity Superbag Company, Limited SHS (Japan) will be deleted from OTC Equity effective February 06, 2025. due to Inactive Security. お知らせ • Nov 30
Superbag Company, Limited to Report Q3, 2025 Results on Feb 07, 2025 Superbag Company, Limited announced that they will report Q3, 2025 results on Feb 07, 2025 Reported Earnings • Nov 10
Second quarter 2025 earnings released: EPS: JP¥102 (vs JP¥125 in 2Q 2024) Second quarter 2025 results: EPS: JP¥102 (down from JP¥125 in 2Q 2024). Revenue: JP¥6.61b (up 2.8% from 2Q 2024). Net income: JP¥151.0m (down 21% from 2Q 2024). Profit margin: 2.3% (down from 3.0% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 95% 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 • Aug 27
Superbag Company, Limited to Report Q2, 2025 Results on Nov 08, 2024 Superbag Company, Limited announced that they will report Q2, 2025 results on Nov 08, 2024 New Risk • Aug 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.9% average weekly change). Market cap is less than US$100m (JP¥2.99b market cap, or US$21.0m). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 26% After last week's 26% share price decline to JP¥2,020, the stock trades at a trailing P/E ratio of 3.5x. Average trailing P/E is 9x in the Packaging industry in Japan. Total returns to shareholders of 89% over the past three years. Reported Earnings • May 13
Full year 2024 earnings released: EPS: JP¥571 (vs JP¥310 in FY 2023) Full year 2024 results: EPS: JP¥571 (up from JP¥310 in FY 2023). Revenue: JP¥26.8b (up 6.3% from FY 2023). Net income: JP¥866.0m (up 83% from FY 2023). Profit margin: 3.2% (up from 1.9% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 97% 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 • May 12
Superbag Company, Limited, Annual General Meeting, Jun 27, 2024 Superbag Company, Limited, Annual General Meeting, Jun 27, 2024. お知らせ • Mar 09
Superbag Company, Limited to Report Fiscal Year 2024 Results on May 10, 2024 Superbag Company, Limited announced that they will report fiscal year 2024 results on May 10, 2024 Reported Earnings • Feb 11
Third quarter 2024 earnings released: EPS: JP¥331 (vs JP¥236 in 3Q 2023) Third quarter 2024 results: EPS: JP¥331 (up from JP¥236 in 3Q 2023). Revenue: JP¥8.14b (up 7.4% from 3Q 2023). Net income: JP¥506.0m (up 41% from 3Q 2023). Profit margin: 6.2% (up from 4.7% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth. お知らせ • Jan 24
Superbag Company, Limited (TSE:3945) announces an Equity Buyback for 50,000 shares, representing 3.27% for ¥120.85 million. Superbag Company, Limited (TSE:3945) announces a share repurchase program. Under the program, the company will repurchase up to 50,000 shares, representing 3.27% of its issued share capital (excluding treasury stock), for a total purchase price of ¥120.85 million. The shares will be repurchased at a price of ¥2,417 per share. The purpose of the program is to improve capital efficiency and implement flexible capital policies in response to changes in the business environment. As of December 31, 2023, the company has 1,527,938 issued shares (excluding treasury stock) and 158,216 treasury shares. お知らせ • Dec 22
Superbag Company, Limited to Report Q3, 2024 Results on Feb 09, 2024 Superbag Company, Limited announced that they will report Q3, 2024 results on Feb 09, 2024 New Risk • Nov 06
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 8.7% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (1.5% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (8.7% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (JP¥3.94b market cap, or US$26.3m). New Risk • Nov 04
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 1.5% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (1.5% operating cash flow to total debt). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.2% average weekly change). Market cap is less than US$100m (JP¥3.34b market cap, or US$22.4m). Reported Earnings • Nov 04
Second quarter 2024 earnings released: EPS: JP¥125 (vs JP¥11.12 loss in 2Q 2023) Second quarter 2024 results: EPS: JP¥125 (up from JP¥11.12 loss in 2Q 2023). Revenue: JP¥6.43b (up 6.0% from 2Q 2023). Net income: JP¥191.0m (up JP¥208.0m from 2Q 2023). Profit margin: 3.0% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 19
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥2,333, the stock trades at a trailing P/E ratio of 5.3x. Average trailing P/E is 12x in the Packaging industry in Japan. Total returns to shareholders of 90% over the past three years. お知らせ • Aug 27
Superbag Company, Limited to Report Q2, 2024 Results on Nov 02, 2023 Superbag Company, Limited announced that they will report Q2, 2024 results on Nov 02, 2023 Reported Earnings • Aug 09
First quarter 2024 earnings released: EPS: JP¥86.38 (vs JP¥43.19 loss in 1Q 2023) First quarter 2024 results: EPS: JP¥86.38 (up from JP¥43.19 loss in 1Q 2023). Revenue: JP¥6.06b (up 4.9% from 1Q 2023). Net income: JP¥132.0m (up JP¥198.0m from 1Q 2023). Profit margin: 2.2% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 12% per year. お知らせ • Jun 29
Superbag Company, Limited to Report Q1, 2024 Results on Aug 04, 2023 Superbag Company, Limited announced that they will report Q1, 2024 results on Aug 04, 2023 New Risk • Jun 19
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 3.5% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (1.7% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (9.6% average weekly change). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (JP¥2.62b market cap, or US$18.5m). Reported Earnings • May 14
Full year 2023 earnings released: EPS: JP¥310 (vs JP¥420 loss in FY 2022) Full year 2023 results: EPS: JP¥310 (up from JP¥420 loss in FY 2022). Revenue: JP¥25.3b (flat on FY 2022). Net income: JP¥473.0m (up JP¥1.12b from FY 2022). Profit margin: 1.9% (up from net loss in FY 2022). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: JP¥236 (vs JP¥150 loss in 3Q 2022) Third quarter 2023 results: EPS: JP¥236 (up from JP¥150 loss in 3Q 2022). Revenue: JP¥7.58b (flat on 3Q 2022). Net income: JP¥360.0m (up JP¥590.0m from 3Q 2022). Profit margin: 4.7% (up from net loss in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. お知らせ • Dec 09
Superbag Company, Limited to Report Q3, 2023 Results on Feb 10, 2023 Superbag Company, Limited announced that they will report Q3, 2023 results on Feb 10, 2023 Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 7 highly experienced directors. No independent directors (11 non-independent directors). External Director Hajime Furukawa 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 06
Second quarter 2023 earnings released: JP¥11.12 loss per share (vs JP¥78.51 profit in 2Q 2022) Second quarter 2023 results: JP¥11.12 loss per share (down from JP¥78.51 profit in 2Q 2022). Revenue: JP¥6.06b (flat on 2Q 2022). Net loss: JP¥17.0m (down 114% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Reported Earnings • Jul 31
First quarter 2023 earnings released: JP¥43.19 loss per share (vs JP¥90.94 loss in 1Q 2022) First quarter 2023 results: JP¥43.19 loss per share (up from JP¥90.94 loss in 1Q 2022). Revenue: JP¥5.78b (down 3.0% from 1Q 2022). Net loss: JP¥66.0m (loss narrowed 53% from 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 20% per year, which means it is performing significantly worse than earnings. Reported Earnings • May 17
Full year 2022 earnings released: JP¥420 loss per share (vs JP¥251 loss in FY 2021) Full year 2022 results: JP¥420 loss per share (down from JP¥251 loss in FY 2021). Revenue: JP¥25.1b (down 4.3% from FY 2021). Net loss: JP¥642.0m (loss widened 68% from FY 2021). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 4 highly experienced directors. No independent directors (11 non-independent directors). External Director Hajime Furukawa 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 • Apr 08
Superbag Company, Limited to Report Fiscal Year 2022 Results on May 13, 2022 Superbag Company, Limited announced that they will report fiscal year 2022 results on May 13, 2022 Reported Earnings • Feb 07
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: JP¥150 loss per share (down from JP¥47.76 profit in 3Q 2021). Revenue: JP¥7.55b (up 3.5% from 3Q 2021). Net loss: JP¥230.0m (down 415% from profit in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Reported Earnings • Oct 31
Second quarter 2022 earnings released: EPS JP¥78.51 (vs JP¥64.77 loss in 2Q 2021) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2022 results: Revenue: JP¥6.10b (down 8.0% from 2Q 2021). Net income: JP¥120.0m (up JP¥219.0m from 2Q 2021). Profit margin: 2.0% (up from net loss in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 04
First quarter 2022 earnings released: JP¥90.94 loss per share (vs JP¥81.12 loss in 1Q 2021) The company reported a poor first quarter result with increased losses, weaker revenues and weaker control over costs. First quarter 2022 results: Revenue: JP¥5.96b (down 8.2% from 1Q 2021). Net loss: JP¥139.0m (loss widened 12% from 1Q 2021). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Reported Earnings • May 19
Full year 2021 earnings released: JP¥251 loss per share (vs JP¥230 profit in FY 2020) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2021 results: Revenue: JP¥26.3b (down 18% from FY 2020). Net loss: JP¥383.0m (down 209% from profit in FY 2020). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. お知らせ • Mar 04
Superbag Company, Limited to Report Fiscal Year 2021 Results on May 14, 2021 Superbag Company, Limited announced that they will report fiscal year 2021 results on May 14, 2021 Is New 90 Day High Low • Feb 10
New 90-day low: JP¥1,118 The company is down 1.0% from its price of JP¥1,131 on 12 November 2020. The Japanese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Packaging industry, which is up 4.0% over the same period. Reported Earnings • Feb 07
Third quarter 2021 earnings released: EPS JP¥47.76 (vs JP¥178 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥7.30b (down 22% from 3Q 2020). Net income: JP¥73.0m (down 73% from 3Q 2020). Profit margin: 1.0% (down from 2.9% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings. お知らせ • Dec 05
Superbag Company, Limited to Report Q3, 2021 Results on Feb 05, 2021 Superbag Company, Limited announced that they will report Q3, 2021 results on Feb 05, 2021 お知らせ • Sep 12
Superbag Company, Limited to Report Q2, 2021 Results on Oct 30, 2020 Superbag Company, Limited announced that they will report Q2, 2021 results on Oct 30, 2020 お知らせ • Jun 28
Superbag Company, Limited to Report Q1, 2021 Results on Jul 31, 2020 Superbag Company, Limited announced that they will report Q1, 2021 results on Jul 31, 2020