View Future GrowthMembers 過去の業績過去 基準チェック /46Membersの収益は年間平均-13.5%の割合で減少していますが、 Media業界の収益は年間 増加しています。収益は年間7.1% 13.3%割合で 増加しています。 Membersの自己資本利益率は18.3%であり、純利益率は5%です。主要情報-13.50%収益成長率-13.03%EPS成長率Media 業界の成長9.30%収益成長率13.31%株主資本利益率18.27%ネット・マージン4.97%次回の業績アップデート31 Jul 2026最近の業績更新お知らせ • Jul 10Members Co., Ltd. to Report Q1, 2027 Results on Jul 31, 2026Members Co., Ltd. announced that they will report Q1, 2027 results at 2:00 PM, Tokyo Standard Time on Jul 31, 2026Reported Earnings • May 18Full year 2026 earnings released: EPS: JP¥94.88 (vs JP¥27.40 in FY 2025)Full year 2026 results: EPS: JP¥94.88 (up from JP¥27.40 in FY 2025). Revenue: JP¥24.4b (up 9.4% from FY 2025). Net income: JP¥1.21b (up 247% from FY 2025). Profit margin: 5.0% (up from 1.6% in FY 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.分析記事 • Feb 17Shareholders Can Be Confident That Members' (TSE:2130) Earnings Are High QualityInvestors were underwhelmed by the solid earnings posted by Members Co., Ltd. ( TSE:2130 ) recently. Our analysis says...Reported Earnings • Feb 13Third quarter 2026 earnings released: EPS: JP¥26.43 (vs JP¥17.69 in 3Q 2025)Third quarter 2026 results: EPS: JP¥26.43 (up from JP¥17.69 in 3Q 2025). Revenue: JP¥6.20b (up 10.0% from 3Q 2025). Net income: JP¥337.9m (up 50% from 3Q 2025). Profit margin: 5.5% (up from 4.0% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 8% per year, which means it is performing significantly worse than earnings.お知らせ • May 31+ 2 more updatesMembers Co., Ltd. to Report Q2, 2026 Results on Oct 31, 2025Members Co., Ltd. announced that they will report Q2, 2026 results on Oct 31, 2025お知らせ • Mar 01Members Co., Ltd. to Report Fiscal Year 2025 Results on May 14, 2025Members Co., Ltd. announced that they will report fiscal year 2025 results on May 14, 2025すべての更新を表示Recent updatesお知らせ • Jul 10Members Co., Ltd. to Report Q1, 2027 Results on Jul 31, 2026Members Co., Ltd. announced that they will report Q1, 2027 results at 2:00 PM, Tokyo Standard Time on Jul 31, 2026New Risk • Jul 03New major risk - Revenue and earnings growthEarnings have declined by 14% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 14% per year over the past 5 years. Minor Risk Market cap is less than US$100m (JP¥13.5b market cap, or US$83.7m).Board Change • Jul 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. Independent Outside Director Kaori Miyake was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.New Risk • Jun 06New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Market cap is less than US$100m (JP¥13.1b market cap, or US$81.6m).Reported Earnings • May 18Full year 2026 earnings released: EPS: JP¥94.88 (vs JP¥27.40 in FY 2025)Full year 2026 results: EPS: JP¥94.88 (up from JP¥27.40 in FY 2025). Revenue: JP¥24.4b (up 9.4% from FY 2025). Net income: JP¥1.21b (up 247% from FY 2025). Profit margin: 5.0% (up from 1.6% in FY 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.お知らせ • May 14Members Co., Ltd., Annual General Meeting, Jun 19, 2026Members Co., Ltd., Annual General Meeting, Jun 19, 2026.Upcoming Dividend • Mar 23Upcoming dividend of JP¥33.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 22 June 2026. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.0%).Declared Dividend • Mar 08Dividend of JP¥33.00 announcedShareholders will receive a dividend of JP¥33.00. Ex-date: 30th March 2026 Payment date: 22nd June 2026 Dividend yield will be 2.9%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is well covered by both earnings (42% earnings payout ratio) and cash flows (32% cash payout ratio). The dividend has increased by an average of 22% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 33% over the next 3 years, which should provide support to the dividend and adequate earnings cover.分析記事 • Feb 17Shareholders Can Be Confident That Members' (TSE:2130) Earnings Are High QualityInvestors were underwhelmed by the solid earnings posted by Members Co., Ltd. ( TSE:2130 ) recently. Our analysis says...Reported Earnings • Feb 13Third quarter 2026 earnings released: EPS: JP¥26.43 (vs JP¥17.69 in 3Q 2025)Third quarter 2026 results: EPS: JP¥26.43 (up from JP¥17.69 in 3Q 2025). Revenue: JP¥6.20b (up 10.0% from 3Q 2025). Net income: JP¥337.9m (up 50% from 3Q 2025). Profit margin: 5.5% (up from 4.0% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 8% per year, which means it is performing significantly worse than earnings.分析記事 • Feb 05Returns On Capital Signal Tricky Times Ahead For Members (TSE:2130)If you're looking for a multi-bagger, there's a few things to keep an eye out for. One common approach is to try and...New Risk • Feb 05New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: JP¥15.7b (US$99.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. This is currently the only risk that has been identified for the company.分析記事 • Dec 18What Members Co., Ltd.'s (TSE:2130) P/E Is Not Telling YouMembers Co., Ltd.'s ( TSE:2130 ) price-to-earnings (or "P/E") ratio of 18.3x might make it look like a sell right now...New Risk • Oct 14New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: JP¥15.2b (US$99.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (117% payout ratio). Market cap is less than US$100m (JP¥15.2b market cap, or US$99.7m).New Risk • Jul 30New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: JP¥14.8b (US$99.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (117% payout ratio). Share price has been volatile over the past 3 months (5.2% average weekly change). Market cap is less than US$100m (JP¥14.8b market cap, or US$99.8m).New Risk • Jul 17New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 117% Cash payout ratio: 0% Dividend yield: 2.6% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. 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 Shares are highly illiquid. Dividend is not well covered by earnings and cash flows. Payout ratio: 117% Cash payout ratio: 0%New Risk • Jul 11New 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 5.4% 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: Minor Risks Dividend is not well covered by earnings (117% payout ratio). Share price has been volatile over the past 3 months (5.4% average weekly change).お知らせ • May 31+ 2 more updatesMembers Co., Ltd. to Report Q2, 2026 Results on Oct 31, 2025Members Co., Ltd. announced that they will report Q2, 2026 results on Oct 31, 2025お知らせ • May 14Members Co., Ltd., Annual General Meeting, Jun 19, 2025Members Co., Ltd., Annual General Meeting, Jun 19, 2025.Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to JP¥955, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 18x in the Media industry in Japan. Total loss to shareholders of 68% over the past three years.Upcoming Dividend • Mar 21Upcoming dividend of JP¥32.00 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 23 June 2025. Payout ratio is on the higher end at 96%, however this is supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.3%).分析記事 • Mar 01Members (TSE:2130) Is Paying Out A Larger Dividend Than Last YearMembers Co., Ltd.'s ( TSE:2130 ) dividend will be increasing from last year's payment of the same period to ¥32.00 on...お知らせ • Mar 01Members Co., Ltd. to Report Fiscal Year 2025 Results on May 14, 2025Members Co., Ltd. announced that they will report fiscal year 2025 results on May 14, 2025分析記事 • Feb 17Members Co., Ltd. (TSE:2130) Stocks Shoot Up 28% But Its P/E Still Looks ReasonableMembers Co., Ltd. ( TSE:2130 ) shareholders would be excited to see that the share price has had a great month, posting...分析記事 • Feb 12Members' (TSE:2130) Strong Earnings Are Of Good QualityMembers Co., Ltd.'s ( TSE:2130 ) strong earnings report was rewarded with a positive stock price move. Our analysis...分析記事 • Feb 08Members (TSE:2130) Has Announced That It Will Be Increasing Its Dividend To ¥32.00The board of Members Co., Ltd. ( TSE:2130 ) has announced that it will be paying its dividend of ¥32.00 on the 23rd of...Valuation Update With 7 Day Price Move • Feb 07Investor sentiment improves as stock rises 19%After last week's 19% share price gain to JP¥1,182, the stock trades at a forward P/E ratio of 76x. Average forward P/E is 17x in the Media industry in Japan. Total loss to shareholders of 58% over the past three years.分析記事 • Jan 03Members (TSE:2130) Has Announced That It Will Be Increasing Its Dividend To ¥32.00Members Co., Ltd. ( TSE:2130 ) will increase its dividend from last year's comparable payment on the 23rd of June to...お知らせ • Jan 03Members Co., Ltd. to Report Q3, 2025 Results on Feb 03, 2025Members Co., Ltd. announced that they will report Q3, 2025 results on Feb 03, 2025New Risk • Dec 02New 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 5.5% 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 196% Cash payout ratio: 95% Minor Risks Share price has been volatile over the past 3 months (5.5% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.0% net profit margin). Market cap is less than US$100m (JP¥13.2b market cap, or US$88.0m).Major Estimate Revision • Nov 28Consensus EPS estimates increase by 520%, revenue downgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from JP¥22.6b to JP¥21.7b. EPS estimate rose from JP¥1.00 to JP¥6.20. Net income forecast to shrink 1.3% next year vs 12% growth forecast for Media industry in Japan . Consensus price target up from JP¥850 to JP¥1,000. Share price fell 8.3% to JP¥1,085 over the past week.分析記事 • Nov 21Members Co., Ltd. (TSE:2130) Looks Just Right With A 28% Price JumpMembers Co., Ltd. ( TSE:2130 ) shares have continued their recent momentum with a 28% gain in the last month alone...Buy Or Sell Opportunity • Nov 15Now 21% undervaluedOver the last 90 days, the stock has risen 37% to JP¥1,099. The fair value is estimated to be JP¥1,383, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has declined by 57%. For the next 3 years, revenue is forecast to grow by 8.0% per annum. Earnings are also forecast to grow by 38% per annum over the same time period.Valuation Update With 7 Day Price Move • Nov 13Investor sentiment improves as stock rises 17%After last week's 17% share price gain to JP¥1,149, the stock trades at a forward P/E ratio of 111x. Average forward P/E is 14x in the Media industry in Japan. Total loss to shareholders of 52% over the past three years.分析記事 • Nov 02Members' (TSE:2130) Shareholders Will Receive A Bigger Dividend Than Last YearMembers Co., Ltd. ( TSE:2130 ) will increase its dividend from last year's comparable payment on the 23rd of June to...Reported Earnings • Nov 02Second quarter 2025 earnings released: EPS: JP¥1.31 (vs JP¥0.69 loss in 2Q 2024)Second quarter 2025 results: EPS: JP¥1.31 (up from JP¥0.69 loss in 2Q 2024). Revenue: JP¥5.35b (up 4.5% from 2Q 2024). Net income: JP¥16.7m (up JP¥25.7m from 2Q 2024). Profit margin: 0.3% (up from net loss in 2Q 2024). Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings.お知らせ • Sep 27Members Co., Ltd. to Report Q2, 2025 Results on Oct 31, 2024Members Co., Ltd. announced that they will report Q2, 2025 results on Oct 31, 2024Major Estimate Revision • Sep 05Consensus forecasts updatedThe consensus outlook for fiscal year 2025 has been updated. Media industry in Japan expected to see average net income growth of 7.5% next year. Consensus price target of JP¥850 unchanged from last update. Share price rose 2.8% to JP¥842 over the past week.分析記事 • Aug 07Members' (TSE:2130) Conservative Accounting Might Explain Soft EarningsInvestors weren't pleased with the recent soft earnings report from Members Co., Ltd. ( TSE:2130 ). We did some digging...Valuation Update With 7 Day Price Move • Aug 07Investor sentiment deteriorates as stock falls 23%After last week's 23% share price decline to JP¥712, the stock trades at a forward P/E ratio of 146x. Average forward P/E is 12x in the Media industry in Japan. Total loss to shareholders of 74% over the past three years.New Risk • Aug 05New 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 5.8% 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 Dividend is not well covered by earnings (225% payout ratio). Share price has been volatile over the past 3 months (5.8% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.8% net profit margin). Market cap is less than US$100m (JP¥9.13b market cap, or US$64.1m).Reported Earnings • Aug 02First quarter 2025 earnings released: JP¥26.40 loss per share (vs JP¥29.67 loss in 1Q 2024)First quarter 2025 results: JP¥26.40 loss per share (improved from JP¥29.67 loss in 1Q 2024). Revenue: JP¥5.04b (up 12% from 1Q 2024). Net loss: JP¥337.0m (loss narrowed 13% from 1Q 2024). Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 33% per year, which means it has not declined as severely as earnings.Board Change • Jul 01Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 1 highly experienced director. Independent Outside Director Kaori Miyake was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Jun 26Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: JP¥9.67 (down from JP¥76.25 in FY 2023). Revenue: JP¥20.5b (up 16% from FY 2023). Net income: JP¥126.0m (down 88% from FY 2023). Profit margin: 0.6% (down from 5.7% in FY 2023). Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has fallen by 32% per year whereas the company’s share price has fallen by 36% per year.Major Estimate Revision • Jun 26Consensus forecasts updatedThe consensus outlook for fiscal year 2025 has been updated. Media industry in Japan expected to see average net income growth of 14% next year. Consensus price target down from JP¥1,000 to JP¥850. Share price was steady at JP¥910 over the past week.お知らせ • Jun 06Members Co., Ltd. to Report Q1, 2025 Results on Jul 31, 2024Members Co., Ltd. announced that they will report Q1, 2025 results on Jul 31, 2024お知らせ • May 18+ 1 more updateMembers Co., Ltd. Provides Earnings Guidance for the First Half and Full Fiscal Year Ending March 31, 2025Members Co., Ltd. provided earnings guidance for the first half and full year fiscal year ending March 31, 2025. For half year cumulative, Company expects revenue of JPY 10,950 million; Operating loss of JPY 550 million; Loss and Loss attributable to owners of parent of JPY 400 million; and Basic loss per share of JPY 30.70.For the full year, the company expected revenue of JPY 23,230 million, Operating profit of JPY 200 million, Profit and Profit attributable to owners of parent of JPY 150 million, and Basic earnings per share of JPY 11.51.Reported Earnings • May 13Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: JP¥9.67 (down from JP¥76.25 in FY 2023). Revenue: JP¥20.5b (up 16% from FY 2023). Net income: JP¥126.0m (down 88% from FY 2023). Profit margin: 0.6% (down from 5.7% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has fallen by 32% per year whereas the company’s share price has fallen by 31% per year.お知らせ • May 12Members Co., Ltd., Annual General Meeting, Jun 20, 2024Members Co., Ltd., Annual General Meeting, Jun 20, 2024.Upcoming Dividend • Mar 21Upcoming dividend of JP¥31.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 19 June 2024. The company is paying out more than 100% of its profits and is paying out 86% of its cash flow. Trailing yield: 3.4%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (2.2%).分析記事 • Mar 12Members' (TSE:2130) Dividend Will Be Increased To ¥31.00Members Co., Ltd. ( TSE:2130 ) has announced that it will be increasing its dividend from last year's comparable...お知らせ • Mar 10Members Co., Ltd. to Report Fiscal Year 2024 Results on May 10, 2024Members Co., Ltd. announced that they will report fiscal year 2024 results on May 10, 2024Valuation Update With 7 Day Price Move • Mar 08Investor sentiment improves as stock rises 20%After last week's 20% share price gain to JP¥1,027, the stock trades at a forward P/E ratio of 92x. Average forward P/E is 14x in the Media industry in Japan. Total loss to shareholders of 59% over the past three years.Major Estimate Revision • Feb 29Consensus EPS estimates fall from profit to JP¥3.80 lossThe consensus outlook for fiscal year 2024 has been updated. Forecast loss of -JP¥3.80 per share in 2024, versus previous forecasts of JP¥9.90 per share. Revenue forecast unchanged from JP¥20.0b at last update. Media industry in Japan expected to see average net income growth of 7.2% next year. Consensus price target down from JP¥2,000 to JP¥1,000. Share price fell 3.5% to JP¥891 over the past week.分析記事 • Feb 27Members (TSE:2130) Is Increasing Its Dividend To ¥31.00Members Co., Ltd.'s ( TSE:2130 ) dividend will be increasing from last year's payment of the same period to ¥31.00 on...お知らせ • Feb 09Members Co., Ltd. Provides Dividend Guidance for the Fiscal Year Ending March 31, 2024Members Co., Ltd. provided dividend guidance for the fiscal year ending March 31, 2024. For the year, the company expects to pay dividend of JPY 31.00 per share compared to JPY 30.00 per share a year ago.Reported Earnings • Feb 04Third quarter 2024 earnings released: EPS: JP¥1.22 (vs JP¥16.64 in 3Q 2023)Third quarter 2024 results: EPS: JP¥1.22 (down from JP¥16.64 in 3Q 2023). Revenue: JP¥4.97b (up 13% from 3Q 2023). Net income: JP¥16.0m (down 93% from 3Q 2023). Profit margin: 0.3% (down from 5.0% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has fallen by 28% per year, which means it is performing significantly worse than earnings.お知らせ • Dec 28Members Co., Ltd. to Report Q3, 2024 Results on Feb 02, 2024Members Co., Ltd. announced that they will report Q3, 2024 results on Feb 02, 2024Major Estimate Revision • Dec 09Consensus EPS estimates fall by 88%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from JP¥21.5b to JP¥20.0b. EPS estimate also fell from JP¥80.10 per share to JP¥9.90 per share. Net income forecast to shrink 39% next year vs 16% growth forecast for Media industry in Japan . Consensus price target down from JP¥4,500 to JP¥2,000. Share price fell 8.6% to JP¥986 over the past week.お知らせ • Nov 07Members Co., Ltd. Provides Dividend Guidance for the Fiscal Year Ending March 31, 2024Members Co., Ltd. provided dividend guidance for the fiscal year ending March 31, 2024. For the year, the company expects to pay dividend of JPY 31.00 per share compared to JPY 30.00 per share a year ago.Reported Earnings • Nov 02Second quarter 2024 earnings released: JP¥0.69 loss per share (vs JP¥16.86 profit in 2Q 2023)Second quarter 2024 results: JP¥0.69 loss per share (down from JP¥16.86 profit in 2Q 2023). Revenue: JP¥5.12b (up 17% from 2Q 2023). Net loss: JP¥9.00m (down 104% from profit in 2Q 2023). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 16% per year, which means it is performing significantly worse than earnings.お知らせ • Oct 29Members Co., Ltd. (TSE:2130) announces an Equity Buyback for 400,000 shares, representing 3.04% for ¥400 million.Members Co., Ltd. (TSE:2130) announces a share repurchase program. Under the program, the company will repurchase up to 400,000 shares, representing 3.04% of its share capital, for ¥400 million. The repurchase program is aimed at enhancing returns to shareholders, improving capital efficiency, and enabling flexible capital policies in the future, as well as allocating shares to be issued as incentives such as stock remuneration for sustainable improvement of corporate value. The program will expire on March 29, 2024. As of October 27, 2023, the company had 13,146,004 shares in issue (excluding treasury stock) and 275,696 shares in treasury.New Risk • Oct 06New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: JP¥14.8b (US$99.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. 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 (6.5% average weekly change). Profit margins are more than 30% lower than last year (3.8% net profit margin). Market cap is less than US$100m (JP¥14.8b market cap, or US$99.8m).お知らせ • Aug 27Members Co., Ltd. to Report Q2, 2024 Results on Oct 31, 2023Members Co., Ltd. announced that they will report Q2, 2024 results on Oct 31, 2023Valuation Update With 7 Day Price Move • Aug 07Investor sentiment deteriorates as stock falls 22%After last week's 22% share price decline to JP¥1,291, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 14x in the Media industry in Japan. Total loss to shareholders of 14% over the past three years.New Risk • Aug 02New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 8.2% 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 Risk Share price has been highly volatile over the past 3 months (8.2% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (3.8% net profit margin).Reported Earnings • Aug 01First quarter 2024 earnings released: JP¥29.67 loss per share (vs JP¥5.07 loss in 1Q 2023)First quarter 2024 results: JP¥29.67 loss per share (further deteriorated from JP¥5.07 loss in 1Q 2023). Revenue: JP¥4.50b (up 17% from 1Q 2023). Net loss: JP¥389.0m (loss widened 481% from 1Q 2023). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.お知らせ • Jul 06Members Co., Ltd. to Report Q1, 2024 Results on Jul 31, 2023Members Co., Ltd. announced that they will report Q1, 2024 results on Jul 31, 2023Reported Earnings • Jun 21Full year 2023 earnings: EPS and revenues exceed analyst expectationsFull year 2023 results: EPS: JP¥76.25 (down from JP¥108 in FY 2022). Revenue: JP¥17.7b (up 18% from FY 2022). Net income: JP¥1.01b (down 28% from FY 2022). Profit margin: 5.7% (down from 9.4% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) also surpassed analyst estimates by 19%. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.Reported Earnings • May 12Full year 2023 earnings: EPS and revenues exceed analyst expectationsFull year 2023 results: EPS: JP¥76.25 (down from JP¥108 in FY 2022). Revenue: JP¥17.7b (up 18% from FY 2022). Net income: JP¥1.01b (down 28% from FY 2022). Profit margin: 5.7% (down from 9.4% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) also surpassed analyst estimates by 19%. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.お知らせ • May 11Members Co., Ltd., Annual General Meeting, Jun 16, 2023Members Co., Ltd., Annual General Meeting, Jun 16, 2023.Valuation Update With 7 Day Price Move • May 11Investor sentiment improves as stock rises 19%After last week's 19% share price gain to JP¥1,471, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 14x in the Media industry in Japan. Total loss to shareholders of 6.8% over the past three years.Upcoming Dividend • Mar 23Upcoming dividend of JP¥30.00 per share at 2.3% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 20 June 2023. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (2.6%).Price Target Changed • Mar 02Price target decreased by 12% to JP¥3,840Down from JP¥4,340, the current price target is an average from 2 analysts. New target price is 171% above last closing price of JP¥1,417. Stock is down 51% over the past year. The company is forecast to post earnings per share of JP¥64.10 for next year compared to JP¥108 last year.お知らせ • Feb 09Members Co., Ltd. Provides Dividend Guidance for the Fiscal Year Ending March 31, 2023Members Co., Ltd. provided dividend guidance for the fiscal year ending March 31, 2023. For the year, the company expected dividend of JPY 30.00 per share as compared to JPY 25 paid an year ago.Reported Earnings • Feb 03Third quarter 2023 earnings released: EPS: JP¥16.71 (vs JP¥32.74 in 3Q 2022)Third quarter 2023 results: EPS: JP¥16.71 (down from JP¥32.74 in 3Q 2022). Revenue: JP¥4.40b (up 16% from 3Q 2022). Net income: JP¥222.0m (down 48% from 3Q 2022). Profit margin: 5.0% (down from 11% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Media 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 only increased by 3% per year, which means it is significantly lagging earnings growth.お知らせ • Feb 03+ 1 more updateMembers Co., Ltd. Provides Earnings Guidance for the Fiscal Year Ending March 31, 2023Members Co., Ltd. provided earnings guidance for the fiscal year ending March 31, 2023. For the year, the company expected Revenue to be JPY 17,300 Million; Operating profit to be JPY 1,200 Million; Profit to be JPY 850 million. Profit attributable to owners of parent to be JPY 850 Million and Basic earnings per share to be JPY 65.20.お知らせ • Dec 28Members Co., Ltd. to Report Q3, 2023 Results on Feb 02, 2023Members Co., Ltd. announced that they will report Q3, 2023 results on Feb 02, 2023Reported Earnings • Nov 02Second quarter 2023 earnings released: EPS: JP¥16.86 (vs JP¥18.48 in 2Q 2022)Second quarter 2023 results: EPS: JP¥16.86 (down from JP¥18.48 in 2Q 2022). Revenue: JP¥4.38b (up 19% from 2Q 2022). Net income: JP¥224.0m (down 7.1% from 2Q 2022). Profit margin: 5.1% (down from 6.5% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Nov 01Investor sentiment deteriorated over the past weekAfter last week's 19% share price decline to JP¥2,254, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 15x in the Media industry in Japan. Total loss to shareholders of 2.7% over the past three years.お知らせ • Nov 01+ 1 more updateMembers Co., Ltd. Provides Dividend Guidance for the Fiscal Year Ending March 31, 2023Members Co., Ltd. provided dividend guidance for the fiscal year ending March 31, 2023. For the year, the company expected dividend of JPY 30.00 per share.お知らせ • Sep 28Members Co., Ltd. to Report Q2, 2023 Results on Oct 31, 2022Members Co., Ltd. announced that they will report Q2, 2023 results on Oct 31, 2022Reported Earnings • Jul 31First quarter 2023 earnings released: JP¥5.07 loss per share (vs JP¥1.31 profit in 1Q 2022)First quarter 2023 results: JP¥5.07 loss per share (down from JP¥1.31 profit in 1Q 2022). Revenue: JP¥3.83b (up 23% from 1Q 2022). Net loss: JP¥67.0m (down 494% from profit in 1Q 2022). Over the next year, revenue is forecast to grow 25%, compared to a 5.4% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.お知らせ • Jul 29+ 1 more updateMembers Co., Ltd. Provides Earnings Guidance for the First Half and Full Year Ending March 31, 2023Members Co., Ltd. provided earnings guidance for the first half and full year ending March 31, 2023. For the first half, the company expects Revenue of JPY 8,280 million, Operating profit of JPY 450 million, Profit of JPY 320 million and Basic earnings per share of JPY 24.55.For the full year ending March 31, 2023, the company expects Revenue of JPY 18,200 million, Operating profit of JPY 2,200 million, Profit of JPY 1,573 million and Basic earnings per share of JPY 120.65.Price Target Changed • Jul 22Price target increased to JP¥4,193Up from JP¥3,700, the current price target is an average from 3 analysts. New target price is 51% above last closing price of JP¥2,782. Stock is down 16% over the past year. The company is forecast to post earnings per share of JP¥122 for next year compared to JP¥108 last year.お知らせ • Jul 10Members Co., Ltd. to Report Q1, 2023 Results on Jul 29, 2022Members Co., Ltd. announced that they will report Q1, 2023 results on Jul 29, 2022Reported Earnings • Jun 23Full year 2022 earnings: EPS exceeds analyst expectationsFull year 2022 results: EPS: JP¥108 (up from JP¥69.66 in FY 2021). Revenue: JP¥14.9b (up 24% from FY 2021). Net income: JP¥1.40b (up 57% from FY 2021). Profit margin: 9.4% (up from 7.4% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 18%. Over the next year, revenue is forecast to grow 23%, compared to a 6.4% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 23% 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 12+ 1 more updateMembers Co., Ltd. Announces Dividend for the Year Ended March 31, 2022, Payable on June 20, 2022; Provides Dividend Guidance for the Year Ending March 31, 2023Members Co., Ltd. announced dividend of JPY 25.00 per share for the year ended March 31, 2022 against JPY 17.50 per share for the same period a year ago. Scheduled date to commence dividend payments is June 20, 2022. The company provided dividend guidance for the year ending March 31, 2023. For the year, the company expects dividend of JPY 30.00 per share.Reported Earnings • May 11Full year 2022 earnings: EPS exceeds analyst expectationsFull year 2022 results: EPS: JP¥108 (up from JP¥69.66 in FY 2021). Revenue: JP¥14.9b (up 24% from FY 2021). Net income: JP¥1.40b (up 57% from FY 2021). Profit margin: 9.4% (up from 7.4% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 18%. Over the next year, revenue is forecast to grow 27%, compared to a 4.3% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 25% per year.お知らせ • May 10Members Co., Ltd., Annual General Meeting, Jun 17, 2022Members Co., Ltd., Annual General Meeting, Jun 17, 2022.収支内訳Members の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史TSE:2130 収益、費用、利益 ( )JPY Millions日付収益収益G+A経費研究開発費31 Mar 2624,4241,2134,554031 Dec 2523,9569784,602030 Sep 2523,3948674,297030 Jun 2523,0197854,147031 Mar 2522,3303504,169031 Dec 2421,9054144,114030 Sep 2421,2352033,948030 Jun 2421,0041784,177031 Mar 2420,4671264,001031 Dec 2319,6362493,961030 Sep 2319,0654553,828030 Jun 2318,3296883,587031 Mar 2317,6621,0103,551031 Dec 2216,9561,0963,388030 Sep 2216,3561,3023,156030 Jun 2215,6611,3203,063031 Mar 2214,9381,4042,714031 Dec 2114,2431,1752,615030 Sep 2113,4711,0362,506030 Jun 2112,7069242,470031 Mar 2112,0878962,381031 Dec 2011,5798542,332030 Sep 2011,1197622,278030 Jun 2010,8978782,232031 Mar 2010,6078612,102031 Dec 1910,1816842,146030 Sep 199,8266922,108030 Jun 199,2896212,012031 Mar 198,8576191,875031 Dec 188,3225631,840030 Sep 187,9014681,748030 Jun 187,6794581,630031 Mar 187,4034411,507031 Dec 177,6434321,495030 Sep 177,7713941,424030 Jun 177,9703861,357031 Mar 178,0884141,259031 Dec 167,6623281,161030 Sep 167,3603231,092030 Jun 166,8882641,045031 Mar 166,469290965031 Dec 156,288282940030 Sep 156,0182389130質の高い収益: 2130は 高品質の収益 を持っています。利益率の向上: 2130の現在の純利益率 (5%)は、昨年(1.6%)よりも高くなっています。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: 2130の収益は過去 5 年間で年間13.5%減少しました。成長の加速: 2130の過去 1 年間の収益成長率 ( 246.7% ) は、5 年間の平均 ( 年間-13.5%を上回っています。収益対業界: 2130の過去 1 年間の収益成長率 ( 246.7% ) はMedia業界29.9%を上回りました。株主資本利益率高いROE: 2130の 自己資本利益率 ( 18.3% ) は 低い とみなされます。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YMedia 、過去の業績が好調な企業。View Financial Health企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/07/13 13:18終値2026/07/13 00:00収益2026/03/31年間収益2026/03/31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このレポートを生成するために使用した分析モデルの詳細は、当社のGitHubページでご覧いただけます。また、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Members Co., 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Hiroshi NayaIchiyoshi Research Institute Inc.Yukari HousuiTokai Tokyo Intelligence Laboratory Co., Ltd.
お知らせ • Jul 10Members Co., Ltd. to Report Q1, 2027 Results on Jul 31, 2026Members Co., Ltd. announced that they will report Q1, 2027 results at 2:00 PM, Tokyo Standard Time on Jul 31, 2026
Reported Earnings • May 18Full year 2026 earnings released: EPS: JP¥94.88 (vs JP¥27.40 in FY 2025)Full year 2026 results: EPS: JP¥94.88 (up from JP¥27.40 in FY 2025). Revenue: JP¥24.4b (up 9.4% from FY 2025). Net income: JP¥1.21b (up 247% from FY 2025). Profit margin: 5.0% (up from 1.6% in FY 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
分析記事 • Feb 17Shareholders Can Be Confident That Members' (TSE:2130) Earnings Are High QualityInvestors were underwhelmed by the solid earnings posted by Members Co., Ltd. ( TSE:2130 ) recently. Our analysis says...
Reported Earnings • Feb 13Third quarter 2026 earnings released: EPS: JP¥26.43 (vs JP¥17.69 in 3Q 2025)Third quarter 2026 results: EPS: JP¥26.43 (up from JP¥17.69 in 3Q 2025). Revenue: JP¥6.20b (up 10.0% from 3Q 2025). Net income: JP¥337.9m (up 50% from 3Q 2025). Profit margin: 5.5% (up from 4.0% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 8% per year, which means it is performing significantly worse than earnings.
お知らせ • May 31+ 2 more updatesMembers Co., Ltd. to Report Q2, 2026 Results on Oct 31, 2025Members Co., Ltd. announced that they will report Q2, 2026 results on Oct 31, 2025
お知らせ • Mar 01Members Co., Ltd. to Report Fiscal Year 2025 Results on May 14, 2025Members Co., Ltd. announced that they will report fiscal year 2025 results on May 14, 2025
お知らせ • Jul 10Members Co., Ltd. to Report Q1, 2027 Results on Jul 31, 2026Members Co., Ltd. announced that they will report Q1, 2027 results at 2:00 PM, Tokyo Standard Time on Jul 31, 2026
New Risk • Jul 03New major risk - Revenue and earnings growthEarnings have declined by 14% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 14% per year over the past 5 years. Minor Risk Market cap is less than US$100m (JP¥13.5b market cap, or US$83.7m).
Board Change • Jul 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. Independent Outside Director Kaori Miyake was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
New Risk • Jun 06New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Market cap is less than US$100m (JP¥13.1b market cap, or US$81.6m).
Reported Earnings • May 18Full year 2026 earnings released: EPS: JP¥94.88 (vs JP¥27.40 in FY 2025)Full year 2026 results: EPS: JP¥94.88 (up from JP¥27.40 in FY 2025). Revenue: JP¥24.4b (up 9.4% from FY 2025). Net income: JP¥1.21b (up 247% from FY 2025). Profit margin: 5.0% (up from 1.6% in FY 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
お知らせ • May 14Members Co., Ltd., Annual General Meeting, Jun 19, 2026Members Co., Ltd., Annual General Meeting, Jun 19, 2026.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥33.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 22 June 2026. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.0%).
Declared Dividend • Mar 08Dividend of JP¥33.00 announcedShareholders will receive a dividend of JP¥33.00. Ex-date: 30th March 2026 Payment date: 22nd June 2026 Dividend yield will be 2.9%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is well covered by both earnings (42% earnings payout ratio) and cash flows (32% cash payout ratio). The dividend has increased by an average of 22% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 33% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
分析記事 • Feb 17Shareholders Can Be Confident That Members' (TSE:2130) Earnings Are High QualityInvestors were underwhelmed by the solid earnings posted by Members Co., Ltd. ( TSE:2130 ) recently. Our analysis says...
Reported Earnings • Feb 13Third quarter 2026 earnings released: EPS: JP¥26.43 (vs JP¥17.69 in 3Q 2025)Third quarter 2026 results: EPS: JP¥26.43 (up from JP¥17.69 in 3Q 2025). Revenue: JP¥6.20b (up 10.0% from 3Q 2025). Net income: JP¥337.9m (up 50% from 3Q 2025). Profit margin: 5.5% (up from 4.0% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 8% per year, which means it is performing significantly worse than earnings.
分析記事 • Feb 05Returns On Capital Signal Tricky Times Ahead For Members (TSE:2130)If you're looking for a multi-bagger, there's a few things to keep an eye out for. One common approach is to try and...
New Risk • Feb 05New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: JP¥15.7b (US$99.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. This is currently the only risk that has been identified for the company.
分析記事 • Dec 18What Members Co., Ltd.'s (TSE:2130) P/E Is Not Telling YouMembers Co., Ltd.'s ( TSE:2130 ) price-to-earnings (or "P/E") ratio of 18.3x might make it look like a sell right now...
New Risk • Oct 14New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: JP¥15.2b (US$99.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (117% payout ratio). Market cap is less than US$100m (JP¥15.2b market cap, or US$99.7m).
New Risk • Jul 30New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: JP¥14.8b (US$99.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (117% payout ratio). Share price has been volatile over the past 3 months (5.2% average weekly change). Market cap is less than US$100m (JP¥14.8b market cap, or US$99.8m).
New Risk • Jul 17New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 117% Cash payout ratio: 0% Dividend yield: 2.6% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. 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 Shares are highly illiquid. Dividend is not well covered by earnings and cash flows. Payout ratio: 117% Cash payout ratio: 0%
New Risk • Jul 11New 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 5.4% 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: Minor Risks Dividend is not well covered by earnings (117% payout ratio). Share price has been volatile over the past 3 months (5.4% average weekly change).
お知らせ • May 31+ 2 more updatesMembers Co., Ltd. to Report Q2, 2026 Results on Oct 31, 2025Members Co., Ltd. announced that they will report Q2, 2026 results on Oct 31, 2025
お知らせ • May 14Members Co., Ltd., Annual General Meeting, Jun 19, 2025Members Co., Ltd., Annual General Meeting, Jun 19, 2025.
Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to JP¥955, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 18x in the Media industry in Japan. Total loss to shareholders of 68% over the past three years.
Upcoming Dividend • Mar 21Upcoming dividend of JP¥32.00 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 23 June 2025. Payout ratio is on the higher end at 96%, however this is supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.3%).
分析記事 • Mar 01Members (TSE:2130) Is Paying Out A Larger Dividend Than Last YearMembers Co., Ltd.'s ( TSE:2130 ) dividend will be increasing from last year's payment of the same period to ¥32.00 on...
お知らせ • Mar 01Members Co., Ltd. to Report Fiscal Year 2025 Results on May 14, 2025Members Co., Ltd. announced that they will report fiscal year 2025 results on May 14, 2025
分析記事 • Feb 17Members Co., Ltd. (TSE:2130) Stocks Shoot Up 28% But Its P/E Still Looks ReasonableMembers Co., Ltd. ( TSE:2130 ) shareholders would be excited to see that the share price has had a great month, posting...
分析記事 • Feb 12Members' (TSE:2130) Strong Earnings Are Of Good QualityMembers Co., Ltd.'s ( TSE:2130 ) strong earnings report was rewarded with a positive stock price move. Our analysis...
分析記事 • Feb 08Members (TSE:2130) Has Announced That It Will Be Increasing Its Dividend To ¥32.00The board of Members Co., Ltd. ( TSE:2130 ) has announced that it will be paying its dividend of ¥32.00 on the 23rd of...
Valuation Update With 7 Day Price Move • Feb 07Investor sentiment improves as stock rises 19%After last week's 19% share price gain to JP¥1,182, the stock trades at a forward P/E ratio of 76x. Average forward P/E is 17x in the Media industry in Japan. Total loss to shareholders of 58% over the past three years.
分析記事 • Jan 03Members (TSE:2130) Has Announced That It Will Be Increasing Its Dividend To ¥32.00Members Co., Ltd. ( TSE:2130 ) will increase its dividend from last year's comparable payment on the 23rd of June to...
お知らせ • Jan 03Members Co., Ltd. to Report Q3, 2025 Results on Feb 03, 2025Members Co., Ltd. announced that they will report Q3, 2025 results on Feb 03, 2025
New Risk • Dec 02New 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 5.5% 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 196% Cash payout ratio: 95% Minor Risks Share price has been volatile over the past 3 months (5.5% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.0% net profit margin). Market cap is less than US$100m (JP¥13.2b market cap, or US$88.0m).
Major Estimate Revision • Nov 28Consensus EPS estimates increase by 520%, revenue downgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from JP¥22.6b to JP¥21.7b. EPS estimate rose from JP¥1.00 to JP¥6.20. Net income forecast to shrink 1.3% next year vs 12% growth forecast for Media industry in Japan . Consensus price target up from JP¥850 to JP¥1,000. Share price fell 8.3% to JP¥1,085 over the past week.
分析記事 • Nov 21Members Co., Ltd. (TSE:2130) Looks Just Right With A 28% Price JumpMembers Co., Ltd. ( TSE:2130 ) shares have continued their recent momentum with a 28% gain in the last month alone...
Buy Or Sell Opportunity • Nov 15Now 21% undervaluedOver the last 90 days, the stock has risen 37% to JP¥1,099. The fair value is estimated to be JP¥1,383, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has declined by 57%. For the next 3 years, revenue is forecast to grow by 8.0% per annum. Earnings are also forecast to grow by 38% per annum over the same time period.
Valuation Update With 7 Day Price Move • Nov 13Investor sentiment improves as stock rises 17%After last week's 17% share price gain to JP¥1,149, the stock trades at a forward P/E ratio of 111x. Average forward P/E is 14x in the Media industry in Japan. Total loss to shareholders of 52% over the past three years.
分析記事 • Nov 02Members' (TSE:2130) Shareholders Will Receive A Bigger Dividend Than Last YearMembers Co., Ltd. ( TSE:2130 ) will increase its dividend from last year's comparable payment on the 23rd of June to...
Reported Earnings • Nov 02Second quarter 2025 earnings released: EPS: JP¥1.31 (vs JP¥0.69 loss in 2Q 2024)Second quarter 2025 results: EPS: JP¥1.31 (up from JP¥0.69 loss in 2Q 2024). Revenue: JP¥5.35b (up 4.5% from 2Q 2024). Net income: JP¥16.7m (up JP¥25.7m from 2Q 2024). Profit margin: 0.3% (up from net loss in 2Q 2024). Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings.
お知らせ • Sep 27Members Co., Ltd. to Report Q2, 2025 Results on Oct 31, 2024Members Co., Ltd. announced that they will report Q2, 2025 results on Oct 31, 2024
Major Estimate Revision • Sep 05Consensus forecasts updatedThe consensus outlook for fiscal year 2025 has been updated. Media industry in Japan expected to see average net income growth of 7.5% next year. Consensus price target of JP¥850 unchanged from last update. Share price rose 2.8% to JP¥842 over the past week.
分析記事 • Aug 07Members' (TSE:2130) Conservative Accounting Might Explain Soft EarningsInvestors weren't pleased with the recent soft earnings report from Members Co., Ltd. ( TSE:2130 ). We did some digging...
Valuation Update With 7 Day Price Move • Aug 07Investor sentiment deteriorates as stock falls 23%After last week's 23% share price decline to JP¥712, the stock trades at a forward P/E ratio of 146x. Average forward P/E is 12x in the Media industry in Japan. Total loss to shareholders of 74% over the past three years.
New Risk • Aug 05New 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 5.8% 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 Dividend is not well covered by earnings (225% payout ratio). Share price has been volatile over the past 3 months (5.8% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.8% net profit margin). Market cap is less than US$100m (JP¥9.13b market cap, or US$64.1m).
Reported Earnings • Aug 02First quarter 2025 earnings released: JP¥26.40 loss per share (vs JP¥29.67 loss in 1Q 2024)First quarter 2025 results: JP¥26.40 loss per share (improved from JP¥29.67 loss in 1Q 2024). Revenue: JP¥5.04b (up 12% from 1Q 2024). Net loss: JP¥337.0m (loss narrowed 13% from 1Q 2024). Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 33% per year, which means it has not declined as severely as earnings.
Board Change • Jul 01Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 1 highly experienced director. Independent Outside Director Kaori Miyake was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Jun 26Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: JP¥9.67 (down from JP¥76.25 in FY 2023). Revenue: JP¥20.5b (up 16% from FY 2023). Net income: JP¥126.0m (down 88% from FY 2023). Profit margin: 0.6% (down from 5.7% in FY 2023). Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has fallen by 32% per year whereas the company’s share price has fallen by 36% per year.
Major Estimate Revision • Jun 26Consensus forecasts updatedThe consensus outlook for fiscal year 2025 has been updated. Media industry in Japan expected to see average net income growth of 14% next year. Consensus price target down from JP¥1,000 to JP¥850. Share price was steady at JP¥910 over the past week.
お知らせ • Jun 06Members Co., Ltd. to Report Q1, 2025 Results on Jul 31, 2024Members Co., Ltd. announced that they will report Q1, 2025 results on Jul 31, 2024
お知らせ • May 18+ 1 more updateMembers Co., Ltd. Provides Earnings Guidance for the First Half and Full Fiscal Year Ending March 31, 2025Members Co., Ltd. provided earnings guidance for the first half and full year fiscal year ending March 31, 2025. For half year cumulative, Company expects revenue of JPY 10,950 million; Operating loss of JPY 550 million; Loss and Loss attributable to owners of parent of JPY 400 million; and Basic loss per share of JPY 30.70.For the full year, the company expected revenue of JPY 23,230 million, Operating profit of JPY 200 million, Profit and Profit attributable to owners of parent of JPY 150 million, and Basic earnings per share of JPY 11.51.
Reported Earnings • May 13Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: JP¥9.67 (down from JP¥76.25 in FY 2023). Revenue: JP¥20.5b (up 16% from FY 2023). Net income: JP¥126.0m (down 88% from FY 2023). Profit margin: 0.6% (down from 5.7% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has fallen by 32% per year whereas the company’s share price has fallen by 31% per year.
お知らせ • May 12Members Co., Ltd., Annual General Meeting, Jun 20, 2024Members Co., Ltd., Annual General Meeting, Jun 20, 2024.
Upcoming Dividend • Mar 21Upcoming dividend of JP¥31.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 19 June 2024. The company is paying out more than 100% of its profits and is paying out 86% of its cash flow. Trailing yield: 3.4%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (2.2%).
分析記事 • Mar 12Members' (TSE:2130) Dividend Will Be Increased To ¥31.00Members Co., Ltd. ( TSE:2130 ) has announced that it will be increasing its dividend from last year's comparable...
お知らせ • Mar 10Members Co., Ltd. to Report Fiscal Year 2024 Results on May 10, 2024Members Co., Ltd. announced that they will report fiscal year 2024 results on May 10, 2024
Valuation Update With 7 Day Price Move • Mar 08Investor sentiment improves as stock rises 20%After last week's 20% share price gain to JP¥1,027, the stock trades at a forward P/E ratio of 92x. Average forward P/E is 14x in the Media industry in Japan. Total loss to shareholders of 59% over the past three years.
Major Estimate Revision • Feb 29Consensus EPS estimates fall from profit to JP¥3.80 lossThe consensus outlook for fiscal year 2024 has been updated. Forecast loss of -JP¥3.80 per share in 2024, versus previous forecasts of JP¥9.90 per share. Revenue forecast unchanged from JP¥20.0b at last update. Media industry in Japan expected to see average net income growth of 7.2% next year. Consensus price target down from JP¥2,000 to JP¥1,000. Share price fell 3.5% to JP¥891 over the past week.
分析記事 • Feb 27Members (TSE:2130) Is Increasing Its Dividend To ¥31.00Members Co., Ltd.'s ( TSE:2130 ) dividend will be increasing from last year's payment of the same period to ¥31.00 on...
お知らせ • Feb 09Members Co., Ltd. Provides Dividend Guidance for the Fiscal Year Ending March 31, 2024Members Co., Ltd. provided dividend guidance for the fiscal year ending March 31, 2024. For the year, the company expects to pay dividend of JPY 31.00 per share compared to JPY 30.00 per share a year ago.
Reported Earnings • Feb 04Third quarter 2024 earnings released: EPS: JP¥1.22 (vs JP¥16.64 in 3Q 2023)Third quarter 2024 results: EPS: JP¥1.22 (down from JP¥16.64 in 3Q 2023). Revenue: JP¥4.97b (up 13% from 3Q 2023). Net income: JP¥16.0m (down 93% from 3Q 2023). Profit margin: 0.3% (down from 5.0% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has fallen by 28% per year, which means it is performing significantly worse than earnings.
お知らせ • Dec 28Members Co., Ltd. to Report Q3, 2024 Results on Feb 02, 2024Members Co., Ltd. announced that they will report Q3, 2024 results on Feb 02, 2024
Major Estimate Revision • Dec 09Consensus EPS estimates fall by 88%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from JP¥21.5b to JP¥20.0b. EPS estimate also fell from JP¥80.10 per share to JP¥9.90 per share. Net income forecast to shrink 39% next year vs 16% growth forecast for Media industry in Japan . Consensus price target down from JP¥4,500 to JP¥2,000. Share price fell 8.6% to JP¥986 over the past week.
お知らせ • Nov 07Members Co., Ltd. Provides Dividend Guidance for the Fiscal Year Ending March 31, 2024Members Co., Ltd. provided dividend guidance for the fiscal year ending March 31, 2024. For the year, the company expects to pay dividend of JPY 31.00 per share compared to JPY 30.00 per share a year ago.
Reported Earnings • Nov 02Second quarter 2024 earnings released: JP¥0.69 loss per share (vs JP¥16.86 profit in 2Q 2023)Second quarter 2024 results: JP¥0.69 loss per share (down from JP¥16.86 profit in 2Q 2023). Revenue: JP¥5.12b (up 17% from 2Q 2023). Net loss: JP¥9.00m (down 104% from profit in 2Q 2023). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 16% per year, which means it is performing significantly worse than earnings.
お知らせ • Oct 29Members Co., Ltd. (TSE:2130) announces an Equity Buyback for 400,000 shares, representing 3.04% for ¥400 million.Members Co., Ltd. (TSE:2130) announces a share repurchase program. Under the program, the company will repurchase up to 400,000 shares, representing 3.04% of its share capital, for ¥400 million. The repurchase program is aimed at enhancing returns to shareholders, improving capital efficiency, and enabling flexible capital policies in the future, as well as allocating shares to be issued as incentives such as stock remuneration for sustainable improvement of corporate value. The program will expire on March 29, 2024. As of October 27, 2023, the company had 13,146,004 shares in issue (excluding treasury stock) and 275,696 shares in treasury.
New Risk • Oct 06New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: JP¥14.8b (US$99.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. 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 (6.5% average weekly change). Profit margins are more than 30% lower than last year (3.8% net profit margin). Market cap is less than US$100m (JP¥14.8b market cap, or US$99.8m).
お知らせ • Aug 27Members Co., Ltd. to Report Q2, 2024 Results on Oct 31, 2023Members Co., Ltd. announced that they will report Q2, 2024 results on Oct 31, 2023
Valuation Update With 7 Day Price Move • Aug 07Investor sentiment deteriorates as stock falls 22%After last week's 22% share price decline to JP¥1,291, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 14x in the Media industry in Japan. Total loss to shareholders of 14% over the past three years.
New Risk • Aug 02New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 8.2% 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 Risk Share price has been highly volatile over the past 3 months (8.2% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (3.8% net profit margin).
Reported Earnings • Aug 01First quarter 2024 earnings released: JP¥29.67 loss per share (vs JP¥5.07 loss in 1Q 2023)First quarter 2024 results: JP¥29.67 loss per share (further deteriorated from JP¥5.07 loss in 1Q 2023). Revenue: JP¥4.50b (up 17% from 1Q 2023). Net loss: JP¥389.0m (loss widened 481% from 1Q 2023). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
お知らせ • Jul 06Members Co., Ltd. to Report Q1, 2024 Results on Jul 31, 2023Members Co., Ltd. announced that they will report Q1, 2024 results on Jul 31, 2023
Reported Earnings • Jun 21Full year 2023 earnings: EPS and revenues exceed analyst expectationsFull year 2023 results: EPS: JP¥76.25 (down from JP¥108 in FY 2022). Revenue: JP¥17.7b (up 18% from FY 2022). Net income: JP¥1.01b (down 28% from FY 2022). Profit margin: 5.7% (down from 9.4% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) also surpassed analyst estimates by 19%. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
Reported Earnings • May 12Full year 2023 earnings: EPS and revenues exceed analyst expectationsFull year 2023 results: EPS: JP¥76.25 (down from JP¥108 in FY 2022). Revenue: JP¥17.7b (up 18% from FY 2022). Net income: JP¥1.01b (down 28% from FY 2022). Profit margin: 5.7% (down from 9.4% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) also surpassed analyst estimates by 19%. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
お知らせ • May 11Members Co., Ltd., Annual General Meeting, Jun 16, 2023Members Co., Ltd., Annual General Meeting, Jun 16, 2023.
Valuation Update With 7 Day Price Move • May 11Investor sentiment improves as stock rises 19%After last week's 19% share price gain to JP¥1,471, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 14x in the Media industry in Japan. Total loss to shareholders of 6.8% over the past three years.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥30.00 per share at 2.3% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 20 June 2023. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (2.6%).
Price Target Changed • Mar 02Price target decreased by 12% to JP¥3,840Down from JP¥4,340, the current price target is an average from 2 analysts. New target price is 171% above last closing price of JP¥1,417. Stock is down 51% over the past year. The company is forecast to post earnings per share of JP¥64.10 for next year compared to JP¥108 last year.
お知らせ • Feb 09Members Co., Ltd. Provides Dividend Guidance for the Fiscal Year Ending March 31, 2023Members Co., Ltd. provided dividend guidance for the fiscal year ending March 31, 2023. For the year, the company expected dividend of JPY 30.00 per share as compared to JPY 25 paid an year ago.
Reported Earnings • Feb 03Third quarter 2023 earnings released: EPS: JP¥16.71 (vs JP¥32.74 in 3Q 2022)Third quarter 2023 results: EPS: JP¥16.71 (down from JP¥32.74 in 3Q 2022). Revenue: JP¥4.40b (up 16% from 3Q 2022). Net income: JP¥222.0m (down 48% from 3Q 2022). Profit margin: 5.0% (down from 11% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Media 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 only increased by 3% per year, which means it is significantly lagging earnings growth.
お知らせ • Feb 03+ 1 more updateMembers Co., Ltd. Provides Earnings Guidance for the Fiscal Year Ending March 31, 2023Members Co., Ltd. provided earnings guidance for the fiscal year ending March 31, 2023. For the year, the company expected Revenue to be JPY 17,300 Million; Operating profit to be JPY 1,200 Million; Profit to be JPY 850 million. Profit attributable to owners of parent to be JPY 850 Million and Basic earnings per share to be JPY 65.20.
お知らせ • Dec 28Members Co., Ltd. to Report Q3, 2023 Results on Feb 02, 2023Members Co., Ltd. announced that they will report Q3, 2023 results on Feb 02, 2023
Reported Earnings • Nov 02Second quarter 2023 earnings released: EPS: JP¥16.86 (vs JP¥18.48 in 2Q 2022)Second quarter 2023 results: EPS: JP¥16.86 (down from JP¥18.48 in 2Q 2022). Revenue: JP¥4.38b (up 19% from 2Q 2022). Net income: JP¥224.0m (down 7.1% from 2Q 2022). Profit margin: 5.1% (down from 6.5% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Nov 01Investor sentiment deteriorated over the past weekAfter last week's 19% share price decline to JP¥2,254, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 15x in the Media industry in Japan. Total loss to shareholders of 2.7% over the past three years.
お知らせ • Nov 01+ 1 more updateMembers Co., Ltd. Provides Dividend Guidance for the Fiscal Year Ending March 31, 2023Members Co., Ltd. provided dividend guidance for the fiscal year ending March 31, 2023. For the year, the company expected dividend of JPY 30.00 per share.
お知らせ • Sep 28Members Co., Ltd. to Report Q2, 2023 Results on Oct 31, 2022Members Co., Ltd. announced that they will report Q2, 2023 results on Oct 31, 2022
Reported Earnings • Jul 31First quarter 2023 earnings released: JP¥5.07 loss per share (vs JP¥1.31 profit in 1Q 2022)First quarter 2023 results: JP¥5.07 loss per share (down from JP¥1.31 profit in 1Q 2022). Revenue: JP¥3.83b (up 23% from 1Q 2022). Net loss: JP¥67.0m (down 494% from profit in 1Q 2022). Over the next year, revenue is forecast to grow 25%, compared to a 5.4% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.
お知らせ • Jul 29+ 1 more updateMembers Co., Ltd. Provides Earnings Guidance for the First Half and Full Year Ending March 31, 2023Members Co., Ltd. provided earnings guidance for the first half and full year ending March 31, 2023. For the first half, the company expects Revenue of JPY 8,280 million, Operating profit of JPY 450 million, Profit of JPY 320 million and Basic earnings per share of JPY 24.55.For the full year ending March 31, 2023, the company expects Revenue of JPY 18,200 million, Operating profit of JPY 2,200 million, Profit of JPY 1,573 million and Basic earnings per share of JPY 120.65.
Price Target Changed • Jul 22Price target increased to JP¥4,193Up from JP¥3,700, the current price target is an average from 3 analysts. New target price is 51% above last closing price of JP¥2,782. Stock is down 16% over the past year. The company is forecast to post earnings per share of JP¥122 for next year compared to JP¥108 last year.
お知らせ • Jul 10Members Co., Ltd. to Report Q1, 2023 Results on Jul 29, 2022Members Co., Ltd. announced that they will report Q1, 2023 results on Jul 29, 2022
Reported Earnings • Jun 23Full year 2022 earnings: EPS exceeds analyst expectationsFull year 2022 results: EPS: JP¥108 (up from JP¥69.66 in FY 2021). Revenue: JP¥14.9b (up 24% from FY 2021). Net income: JP¥1.40b (up 57% from FY 2021). Profit margin: 9.4% (up from 7.4% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 18%. Over the next year, revenue is forecast to grow 23%, compared to a 6.4% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 23% 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 12+ 1 more updateMembers Co., Ltd. Announces Dividend for the Year Ended March 31, 2022, Payable on June 20, 2022; Provides Dividend Guidance for the Year Ending March 31, 2023Members Co., Ltd. announced dividend of JPY 25.00 per share for the year ended March 31, 2022 against JPY 17.50 per share for the same period a year ago. Scheduled date to commence dividend payments is June 20, 2022. The company provided dividend guidance for the year ending March 31, 2023. For the year, the company expects dividend of JPY 30.00 per share.
Reported Earnings • May 11Full year 2022 earnings: EPS exceeds analyst expectationsFull year 2022 results: EPS: JP¥108 (up from JP¥69.66 in FY 2021). Revenue: JP¥14.9b (up 24% from FY 2021). Net income: JP¥1.40b (up 57% from FY 2021). Profit margin: 9.4% (up from 7.4% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 18%. Over the next year, revenue is forecast to grow 27%, compared to a 4.3% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 25% per year.
お知らせ • May 10Members Co., Ltd., Annual General Meeting, Jun 17, 2022Members Co., Ltd., Annual General Meeting, Jun 17, 2022.