View Future GrowthThis company listing is no longer activeThis company may still be operating, however this listing is no longer active. Find out why through their latest events.See Latest EventsTrust 過去の業績過去 基準チェック /26Trustは、平均年間25%の収益成長を遂げていますが、 Specialty Retail業界の収益は、年間 成長しています。収益は、平均年間9.1% 20.8%収益成長率で 成長しています。 Trustの自己資本利益率は10%であり、純利益率は1.1%です。主要情報25.05%収益成長率25.05%EPS成長率Specialty Retail 業界の成長11.17%収益成長率20.78%株主資本利益率10.05%ネット・マージン1.12%前回の決算情報30 Jun 2025最近の業績更新Reported Earnings • Aug 14First quarter 2026 earnings released: EPS: JP¥5.49 (vs JP¥13.68 in 1Q 2025)First quarter 2026 results: EPS: JP¥5.49 (down from JP¥13.68 in 1Q 2025). Revenue: JP¥14.0b (up 20% from 1Q 2025). Net income: JP¥142.0m (down 60% from 1Q 2025). Profit margin: 1.0% (down from 3.0% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings.お知らせ • Jul 26Trust Co., Ltd. to Report Q1, 2026 Results on Aug 12, 2025Trust Co., Ltd. announced that they will report Q1, 2026 results on Aug 12, 2025Reported Earnings • Jun 27Full year 2025 earnings released: EPS: JP¥30.88 (vs JP¥43.05 in FY 2024)Full year 2025 results: EPS: JP¥30.88 (down from JP¥43.05 in FY 2024). Revenue: JP¥50.3b (up 22% from FY 2024). Net income: JP¥799.0m (down 28% from FY 2024). Profit margin: 1.6% (down from 2.7% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings.Reported Earnings • May 19Full year 2025 earnings released: EPS: JP¥30.88 (vs JP¥43.05 in FY 2024)Full year 2025 results: EPS: JP¥30.88 (down from JP¥43.05 in FY 2024). Revenue: JP¥50.3b (up 22% from FY 2024). Net income: JP¥799.0m (down 28% from FY 2024). Profit margin: 1.6% (down from 2.7% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings.お知らせ • May 01Trust Co., Ltd. to Report Fiscal Year 2025 Results on May 14, 2025Trust Co., Ltd. announced that they will report fiscal year 2025 results on May 14, 2025Reported Earnings • Feb 12Third quarter 2025 earnings released: EPS: JP¥11.44 (vs JP¥5.87 in 3Q 2024)Third quarter 2025 results: EPS: JP¥11.44 (up from JP¥5.87 in 3Q 2024). Revenue: JP¥12.2b (up 18% from 3Q 2024). Net income: JP¥296.0m (up 95% from 3Q 2024). Profit margin: 2.4% (up from 1.5% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth.すべての更新を表示Recent updatesReported Earnings • Aug 14First quarter 2026 earnings released: EPS: JP¥5.49 (vs JP¥13.68 in 1Q 2025)First quarter 2026 results: EPS: JP¥5.49 (down from JP¥13.68 in 1Q 2025). Revenue: JP¥14.0b (up 20% from 1Q 2025). Net income: JP¥142.0m (down 60% from 1Q 2025). Profit margin: 1.0% (down from 3.0% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings.お知らせ • Jul 26Trust Co., Ltd. to Report Q1, 2026 Results on Aug 12, 2025Trust Co., Ltd. announced that they will report Q1, 2026 results on Aug 12, 2025New Risk • Jul 09New 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 8.4% 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 (8.4% average weekly change). Minor Risks Profit margins are more than 30% lower than last year (1.6% net profit margin). Market cap is less than US$100m (JP¥10.6b market cap, or US$71.8m).Reported Earnings • Jun 27Full year 2025 earnings released: EPS: JP¥30.88 (vs JP¥43.05 in FY 2024)Full year 2025 results: EPS: JP¥30.88 (down from JP¥43.05 in FY 2024). Revenue: JP¥50.3b (up 22% from FY 2024). Net income: JP¥799.0m (down 28% from FY 2024). Profit margin: 1.6% (down from 2.7% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings.New Risk • May 19New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.6% Last year net profit margin: 2.7% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.4% average weekly change). Minor Risks Profit margins are more than 30% lower than last year (1.6% net profit margin). Market cap is less than US$100m (JP¥10.6b market cap, or US$72.6m).Reported Earnings • May 19Full year 2025 earnings released: EPS: JP¥30.88 (vs JP¥43.05 in FY 2024)Full year 2025 results: EPS: JP¥30.88 (down from JP¥43.05 in FY 2024). Revenue: JP¥50.3b (up 22% from FY 2024). Net income: JP¥799.0m (down 28% from FY 2024). Profit margin: 1.6% (down from 2.7% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings.お知らせ • May 15Trust Co., Ltd., Annual General Meeting, Jun 20, 2025Trust Co., Ltd., Annual General Meeting, Jun 20, 2025.New Risk • May 15New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 8.8% 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 (8.8% average weekly change). Market cap is less than US$100m (JP¥9.60b market cap, or US$65.8m).Valuation Update With 7 Day Price Move • May 15Investor sentiment improves as stock rises 26%After last week's 26% share price gain to JP¥371, the stock trades at a trailing P/E ratio of 7.8x. Average trailing P/E is 14x in the Specialty Retail industry in Japan. Total returns to shareholders of 78% over the past three years.お知らせ • May 14Vt Holdings Co.,Ltd. (TSE:7593) proposed to acquire remaining minority stake in Trust Co., Ltd. (TSE:3347) from group of shareholders for ¥2.95 billion.Vt Holdings Co.,Ltd. (TSE:7593) proposed to acquire remaining 27.80% stake in Trust Co., Ltd. (TSE:3347) from group of shareholders for ¥2.95 billion on May 14, 2025. A cash consideration of ¥2.95 billion valued at ¥410 per share will be paid by Vt Holdings Co.,Ltd. As part of consideration, ¥2.95 billion is paid towards common equity of Trust Co., Ltd. Upon completion, Vt Holdings Co.,Ltd. will own 100% stake in Trust Co., Ltd. The Settlement will start on July 18, 2025. AGS FAS acted as financial advisor and fairness provider Offeror and the Target and Kitahama Partners acted as a legal advisor to Trust Co. Tokai Tokyo Securities Co., Ltd. acted as financial advisor to the Offeror.お知らせ • May 01Trust Co., Ltd. to Report Fiscal Year 2025 Results on May 14, 2025Trust Co., Ltd. announced that they will report fiscal year 2025 results on May 14, 2025Upcoming Dividend • Mar 21Upcoming dividend of JP¥3.00 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 06 June 2025. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.5%).Reported Earnings • Feb 12Third quarter 2025 earnings released: EPS: JP¥11.44 (vs JP¥5.87 in 3Q 2024)Third quarter 2025 results: EPS: JP¥11.44 (up from JP¥5.87 in 3Q 2024). Revenue: JP¥12.2b (up 18% from 3Q 2024). Net income: JP¥296.0m (up 95% from 3Q 2024). Profit margin: 2.4% (up from 1.5% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Jan 17Trust Co., Ltd. to Report Q3, 2025 Results on Feb 10, 2025Trust Co., Ltd. announced that they will report Q3, 2025 results on Feb 10, 2025New Risk • Dec 29New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.9% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (4.9% increase in shares outstanding). Market cap is less than US$100m (JP¥7.61b market cap, or US$48.2m).分析記事 • Nov 20Trust's (TSE:3347) Solid Earnings Are Supported By Other Strong FactorsTrust Co., Ltd. ( TSE:3347 ) just reported healthy earnings but the stock price didn't move much. We think that...Reported Earnings • Nov 14Second quarter 2025 earnings released: EPS: JP¥9.08 (vs JP¥12.87 in 2Q 2024)Second quarter 2025 results: EPS: JP¥9.08 (down from JP¥12.87 in 2Q 2024). Revenue: JP¥12.3b (up 23% from 2Q 2024). Net income: JP¥235.0m (down 29% from 2Q 2024). Profit margin: 1.9% (down from 3.3% 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 13% per year whereas the company’s share price has increased by 9% per year.お知らせ • Oct 01Trust Co., Ltd. to Report Q2, 2025 Results on Nov 11, 2024Trust Co., Ltd. announced that they will report Q2, 2025 results on Nov 11, 2024Upcoming Dividend • Sep 20Upcoming dividend of JP¥3.00 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 09 December 2024. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.4%).Reported Earnings • Aug 09First quarter 2025 earnings released: EPS: JP¥13.68 (vs JP¥10.78 in 1Q 2024)First quarter 2025 results: EPS: JP¥13.68 (up from JP¥10.78 in 1Q 2024). Revenue: JP¥11.7b (up 25% from 1Q 2024). Net income: JP¥354.0m (up 27% from 1Q 2024). Profit margin: 3.0% (in line with 1Q 2024). 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 6% per year, which means it is significantly lagging earnings growth.分析記事 • Aug 06It's Down 30% But Trust Co., Ltd. (TSE:3347) Could Be Riskier Than It LooksTrust Co., Ltd. ( TSE:3347 ) shareholders that were waiting for something to happen have been dealt a blow with a 30...New Risk • Aug 05New 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 7.7% 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 Risk Share price has been highly volatile over the past 3 months (7.7% 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¥5.41b market cap, or US$38.0m).Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 30%After last week's 30% share price decline to JP¥209, the stock trades at a trailing P/E ratio of 4.9x. Average trailing P/E is 13x in the Specialty Retail industry in Japan. Total returns to shareholders of 4.0% over the past three years.お知らせ • Jun 28Trust Co., Ltd. to Report Q1, 2025 Results on Aug 08, 2024Trust Co., Ltd. announced that they will report Q1, 2025 results on Aug 08, 2024分析記事 • May 22There May Be Reason For Hope In Trust's (TSE:3347) Disappointing EarningsInvestors were disappointed with the weak earnings posted by Trust Co., Ltd. ( TSE:3347 ). While the headline numbers...Reported Earnings • May 19Full year 2024 earnings released: EPS: JP¥43.05 (vs JP¥48.15 in FY 2023)Full year 2024 results: EPS: JP¥43.05 (down from JP¥48.15 in FY 2023). Revenue: JP¥41.1b (up 20% from FY 2023). Net income: JP¥1.11b (down 11% from FY 2023). Profit margin: 2.7% (down from 3.6% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.お知らせ • May 16Trust Co., Ltd., Annual General Meeting, Jun 21, 2024Trust Co., Ltd., Annual General Meeting, Jun 21, 2024.お知らせ • Apr 20Trust Co., Ltd. to Report Fiscal Year 2024 Results on May 14, 2024Trust Co., Ltd. announced that they will report fiscal year 2024 results on May 14, 2024Upcoming Dividend • Mar 21Upcoming dividend of JP¥3.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 07 June 2024. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.3%).Reported Earnings • Feb 15Third quarter 2024 earnings released: EPS: JP¥5.87 (vs JP¥2.59 loss in 3Q 2023)Third quarter 2024 results: EPS: JP¥5.87 (up from JP¥2.59 loss in 3Q 2023). Revenue: JP¥10.4b (up 47% from 3Q 2023). Net income: JP¥152.0m (up JP¥219.0m from 3Q 2023). Profit margin: 1.5% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.New Risk • Feb 01New 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: Minor Risks High level of debt (44% net debt to equity). Share price has been volatile over the past 3 months (5.5% average weekly change). Profit margins are more than 30% lower than last year (2.3% net profit margin). Market cap is less than US$100m (JP¥7.80b market cap, or US$53.1m).お知らせ • Jan 06Trust Co., Ltd. to Report Q3, 2024 Results on Feb 13, 2024Trust Co., Ltd. announced that they will report Q3, 2024 results on Feb 13, 2024Reported Earnings • Nov 16Second quarter 2024 earnings released: EPS: JP¥12.87 (vs JP¥16.58 in 2Q 2023)Second quarter 2024 results: EPS: JP¥12.87 (down from JP¥16.58 in 2Q 2023). Revenue: JP¥10.1b (up 12% from 2Q 2023). Net income: JP¥333.0m (down 22% from 2Q 2023). Profit margin: 3.3% (down from 4.8% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.お知らせ • Sep 28Trust Co., Ltd. to Report Q2, 2024 Results on Nov 13, 2023Trust Co., Ltd. announced that they will report Q2, 2024 results on Nov 13, 2023Upcoming Dividend • Sep 21Upcoming dividend of JP¥3.00 per share at 2.3% yieldEligible shareholders must have bought the stock before 28 September 2023. Payment date: 08 December 2023. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.4%).New Risk • Aug 11New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.7% Last year net profit margin: 4.4% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks High level of debt (47% net debt to equity). 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 (2.7% net profit margin). Market cap is less than US$100m (JP¥6.91b market cap, or US$47.7m).Reported Earnings • Aug 10First quarter 2024 earnings released: EPS: JP¥10.78 (vs JP¥23.30 in 1Q 2023)First quarter 2024 results: EPS: JP¥10.78 (down from JP¥23.30 in 1Q 2023). Revenue: JP¥9.34b (up 4.3% from 1Q 2023). Net income: JP¥279.0m (down 54% from 1Q 2023). Profit margin: 3.0% (down from 6.7% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.お知らせ • Jun 28Trust Co., Ltd. to Report Q1, 2024 Results on Aug 09, 2023Trust Co., Ltd. announced that they will report Q1, 2024 results on Aug 09, 2023Reported Earnings • May 14Full year 2023 earnings released: EPS: JP¥48.15 (vs JP¥31.96 in FY 2022)Full year 2023 results: EPS: JP¥48.15 (up from JP¥31.96 in FY 2022). Revenue: JP¥34.3b (up 24% from FY 2022). Net income: JP¥1.25b (up 51% from FY 2022). Profit margin: 3.6% (up from 3.0% in FY 2022). 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 20% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Mar 23Upcoming dividend of JP¥2.00 per share at 2.9% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 08 June 2023. Payout ratio is a comfortable 3.9% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.5%).Reported Earnings • Feb 15Third quarter 2023 earnings released: JP¥2.59 loss per share (vs JP¥9.16 profit in 3Q 2022)Third quarter 2023 results: JP¥2.59 loss per share (down from JP¥9.16 profit in 3Q 2022). Revenue: JP¥7.10b (up 8.1% from 3Q 2022). Net loss: JP¥67.0m (down 128% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.お知らせ • Jan 11Trust Co., Ltd. to Report Q3, 2023 Results on Feb 13, 2023Trust Co., Ltd. announced that they will report Q3, 2023 results on Feb 13, 2023Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent External Director Minoru Takeuchi was the last independent director to join the board, commencing their role in 2015. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Nov 13Second quarter 2023 earnings released: EPS: JP¥16.58 (vs JP¥5.87 in 2Q 2022)Second quarter 2023 results: EPS: JP¥16.58 (up from JP¥5.87 in 2Q 2022). Revenue: JP¥9.00b (up 41% from 2Q 2022). Net income: JP¥429.0m (up 182% from 2Q 2022). Profit margin: 4.8% (up from 2.4% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Sep 22Upcoming dividend of JP¥2.00 per shareEligible shareholders must have bought the stock before 29 September 2022. Payment date: 08 December 2022. Payout ratio is a comfortable 7.7% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (1.5%).お知らせ • Aug 28Trust Co., Ltd. to Report Q2, 2023 Results on Nov 11, 2022Trust Co., Ltd. announced that they will report Q2, 2023 results on Nov 11, 2022Reported Earnings • Aug 12First quarter 2023 earnings released: EPS: JP¥23.30 (vs JP¥3.52 in 1Q 2022)First quarter 2023 results: EPS: JP¥23.30 (up from JP¥3.52 in 1Q 2022). Revenue: JP¥8.96b (up 52% from 1Q 2022). Net income: JP¥603.0m (up JP¥512.0m from 1Q 2022). Profit margin: 6.7% (up from 1.5% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.お知らせ • Jun 29Trust Co., Ltd. to Report Q1, 2023 Results on Aug 10, 2022Trust Co., Ltd. announced that they will report Q1, 2023 results on Aug 10, 2022Reported Earnings • May 15Full year 2022 earnings released: EPS: JP¥31.96 (vs JP¥1.89 in FY 2021)Full year 2022 results: EPS: JP¥31.96 (up from JP¥1.89 in FY 2021). Revenue: JP¥27.6b (up 38% from FY 2021). Net income: JP¥827.0m (up JP¥778.0m from FY 2021). Profit margin: 3.0% (up from 0.2% in FY 2021). The increase in margin was driven by higher revenue. 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 4% per year, which means it is significantly lagging earnings growth.お知らせ • May 14Trust Co., Ltd., Annual General Meeting, Jun 23, 2022Trust Co., Ltd., Annual General Meeting, Jun 23, 2022.Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent External Director Minoru Takeuchi was the last independent director to join the board, commencing their role in 2015. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Apr 14Trust Co., Ltd. to Report Fiscal Year 2022 Results on May 12, 2022Trust Co., Ltd. announced that they will report fiscal year 2022 results on May 12, 2022Upcoming Dividend • Mar 23Upcoming dividend of JP¥2.00 per shareEligible shareholders must have bought the stock before 30 March 2022. Payment date: 09 June 2022. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.6%).Reported Earnings • Feb 12Third quarter 2022 earnings: Revenues and EPS in line with analyst expectationsThird quarter 2022 results: EPS: JP¥9.16 (up from JP¥2.71 in 3Q 2021). Revenue: JP¥6.57b (up 28% from 3Q 2021). Net income: JP¥237.0m (up 239% from 3Q 2021). Profit margin: 3.6% (up from 1.4% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has remained flat, which means it is well ahead of earnings.Reported Earnings • Nov 13Second quarter 2022 earnings released: EPS JP¥5.87 (vs JP¥4.75 in 2Q 2021)The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2022 results: Revenue: JP¥6.38b (up 30% from 2Q 2021). Net income: JP¥152.0m (up 24% from 2Q 2021). Profit margin: 2.4% (down from 2.5% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has remained flat, which means it is well ahead of earnings.Upcoming Dividend • Sep 22Upcoming dividend of JP¥2.00 per shareEligible shareholders must have bought the stock before 29 September 2021. Payment date: 07 December 2021. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (1.3%).Reported Earnings • Aug 13First quarter 2022 earnings released: EPS JP¥3.52 (vs JP¥6.88 loss in 1Q 2021)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥5.89b (up 59% from 1Q 2021). Net income: JP¥91.0m (up JP¥269.0m from 1Q 2021). Profit margin: 1.5% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. 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 6% per year, which means it has not declined as severely as earnings.Reported Earnings • May 16Full year 2021 earnings released: EPS JP¥1.89 (vs JP¥13.53 in FY 2020)The company reported a poor full year result with weaker earnings and profit margins, although revenues were flat. Full year 2021 results: Revenue: JP¥20.1b (flat on FY 2020). Net income: JP¥49.0m (down 86% from FY 2020). Profit margin: 0.2% (down from 1.7% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Mar 23Upcoming dividend of JP¥2.00 per shareEligible shareholders must have bought the stock before 30 March 2021. Payment date: 10 June 2021. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.1%).Is New 90 Day High Low • Mar 10New 90-day high: JP¥168The company is up 10.0% from its price of JP¥153 on 10 December 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 4.0% over the same period.Reported Earnings • Feb 12Third quarter 2021 earnings released: EPS JP¥2.71 (vs JP¥4.95 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥5.12b (down 1.1% from 3Q 2020). Net income: JP¥70.0m (down 45% from 3Q 2020). Profit margin: 1.4% (down from 2.5% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings.Is New 90 Day High Low • Feb 10New 90-day high: JP¥164The company is up 1.0% from its price of JP¥163 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 Specialty Retail industry, which is up 9.0% over the same period.お知らせ • Jan 07Trust Co., Ltd. to Report Q3, 2021 Results on Feb 10, 2021Trust Co., Ltd. announced that they will report Q3, 2021 results on Feb 10, 2021Is New 90 Day High Low • Dec 25New 90-day low: JP¥147The company is down 16% from its price of JP¥174 on 25 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Specialty Retail industry, which is up 11% over the same period.Is New 90 Day High Low • Dec 04New 90-day low: JP¥148The company is down 14% from its price of JP¥172 on 04 September 2020. The Japanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Specialty Retail industry, which is up 14% over the same period.お知らせ • Oct 14Trust Co., Ltd. to Report Q2, 2021 Results on Nov 12, 2020Trust Co., Ltd. announced that they will report Q2, 2021 results on Nov 12, 2020お知らせ • Aug 04Trust Co., Ltd. to Report Q1, 2021 Results on Aug 07, 2020Trust Co., Ltd. announced that they will report Q1, 2021 results on Aug 07, 2020収支内訳Trust 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:3347 収益、費用、利益 ( )JPY Millions日付収益収益G+A経費研究開発費30 Jun 2552,5755878,573031 Mar 2550,2647998,218031 Dec 2447,5421,2357,764030 Sep 2445,7241,0917,360030 Jun 2443,4571,1896,912031 Mar 2441,0901,1146,515031 Dec 2339,0531,0456,225030 Sep 2335,7378265,970030 Jun 2334,6709225,729031 Mar 2334,2841,2465,542031 Dec 2233,8361,3125,369030 Sep 2233,3031,6165,206030 Jun 2230,6821,3395,056031 Mar 2227,6178274,889031 Dec 2125,1875144,826030 Sep 2123,7453474,646030 Jun 2122,2713184,469031 Mar 2120,080494,356031 Dec 2018,929304,179030 Sep 2018,988884,161030 Jun 2018,9121064,148031 Mar 2020,1403504,075031 Dec 1919,5493723,996030 Sep 1919,9443463,936030 Jun 1920,3383573,924031 Mar 1920,2603613,876031 Dec 1820,4884493,819030 Sep 1819,5544753,740030 Jun 1819,0384373,635031 Mar 1818,4034413,560031 Dec 1717,9104683,434030 Sep 1717,4254933,339030 Jun 1716,8215063,263031 Mar 1717,0825253,201031 Dec 1617,3405383,160030 Sep 1618,3935293,169030 Jun 1618,8505713,175031 Mar 1618,9276163,177031 Dec 1519,2486533,172030 Sep 1518,7096933,156030 Jun 1518,3926663,126031 Mar 1517,9936223,111031 Dec 1417,0725773,091030 Sep 1416,4175073,0480質の高い収益: 3347は 高品質の収益 を持っています。利益率の向上: 3347の現在の純利益率 (1.1%)は、昨年(2.7%)よりも低くなっています。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: 3347の収益は過去 5 年間で年間25%増加しました。成長の加速: 3347は過去 1 年間の収益成長がマイナスであったため、5 年間の平均と比較することはできません。収益対業界: 3347は過去 1 年間で収益成長率がマイナス ( -50.6% ) となったため、 Specialty Retail業界平均 ( 6.7% ) と比較することが困難です。株主資本利益率高いROE: 3347の 自己資本利益率 ( 10% ) 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7D1Y7D1Y7D1YRetail 、過去の業績が好調な企業。View Financial Health企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2025/08/19 15:45終値2025/08/19 00:00収益2025/06/30年間収益2025/03/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Trust Co., Ltd. 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。0
Reported Earnings • Aug 14First quarter 2026 earnings released: EPS: JP¥5.49 (vs JP¥13.68 in 1Q 2025)First quarter 2026 results: EPS: JP¥5.49 (down from JP¥13.68 in 1Q 2025). Revenue: JP¥14.0b (up 20% from 1Q 2025). Net income: JP¥142.0m (down 60% from 1Q 2025). Profit margin: 1.0% (down from 3.0% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings.
お知らせ • Jul 26Trust Co., Ltd. to Report Q1, 2026 Results on Aug 12, 2025Trust Co., Ltd. announced that they will report Q1, 2026 results on Aug 12, 2025
Reported Earnings • Jun 27Full year 2025 earnings released: EPS: JP¥30.88 (vs JP¥43.05 in FY 2024)Full year 2025 results: EPS: JP¥30.88 (down from JP¥43.05 in FY 2024). Revenue: JP¥50.3b (up 22% from FY 2024). Net income: JP¥799.0m (down 28% from FY 2024). Profit margin: 1.6% (down from 2.7% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings.
Reported Earnings • May 19Full year 2025 earnings released: EPS: JP¥30.88 (vs JP¥43.05 in FY 2024)Full year 2025 results: EPS: JP¥30.88 (down from JP¥43.05 in FY 2024). Revenue: JP¥50.3b (up 22% from FY 2024). Net income: JP¥799.0m (down 28% from FY 2024). Profit margin: 1.6% (down from 2.7% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings.
お知らせ • May 01Trust Co., Ltd. to Report Fiscal Year 2025 Results on May 14, 2025Trust Co., Ltd. announced that they will report fiscal year 2025 results on May 14, 2025
Reported Earnings • Feb 12Third quarter 2025 earnings released: EPS: JP¥11.44 (vs JP¥5.87 in 3Q 2024)Third quarter 2025 results: EPS: JP¥11.44 (up from JP¥5.87 in 3Q 2024). Revenue: JP¥12.2b (up 18% from 3Q 2024). Net income: JP¥296.0m (up 95% from 3Q 2024). Profit margin: 2.4% (up from 1.5% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Aug 14First quarter 2026 earnings released: EPS: JP¥5.49 (vs JP¥13.68 in 1Q 2025)First quarter 2026 results: EPS: JP¥5.49 (down from JP¥13.68 in 1Q 2025). Revenue: JP¥14.0b (up 20% from 1Q 2025). Net income: JP¥142.0m (down 60% from 1Q 2025). Profit margin: 1.0% (down from 3.0% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings.
お知らせ • Jul 26Trust Co., Ltd. to Report Q1, 2026 Results on Aug 12, 2025Trust Co., Ltd. announced that they will report Q1, 2026 results on Aug 12, 2025
New Risk • Jul 09New 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 8.4% 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 (8.4% average weekly change). Minor Risks Profit margins are more than 30% lower than last year (1.6% net profit margin). Market cap is less than US$100m (JP¥10.6b market cap, or US$71.8m).
Reported Earnings • Jun 27Full year 2025 earnings released: EPS: JP¥30.88 (vs JP¥43.05 in FY 2024)Full year 2025 results: EPS: JP¥30.88 (down from JP¥43.05 in FY 2024). Revenue: JP¥50.3b (up 22% from FY 2024). Net income: JP¥799.0m (down 28% from FY 2024). Profit margin: 1.6% (down from 2.7% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings.
New Risk • May 19New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.6% Last year net profit margin: 2.7% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.4% average weekly change). Minor Risks Profit margins are more than 30% lower than last year (1.6% net profit margin). Market cap is less than US$100m (JP¥10.6b market cap, or US$72.6m).
Reported Earnings • May 19Full year 2025 earnings released: EPS: JP¥30.88 (vs JP¥43.05 in FY 2024)Full year 2025 results: EPS: JP¥30.88 (down from JP¥43.05 in FY 2024). Revenue: JP¥50.3b (up 22% from FY 2024). Net income: JP¥799.0m (down 28% from FY 2024). Profit margin: 1.6% (down from 2.7% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings.
お知らせ • May 15Trust Co., Ltd., Annual General Meeting, Jun 20, 2025Trust Co., Ltd., Annual General Meeting, Jun 20, 2025.
New Risk • May 15New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 8.8% 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 (8.8% average weekly change). Market cap is less than US$100m (JP¥9.60b market cap, or US$65.8m).
Valuation Update With 7 Day Price Move • May 15Investor sentiment improves as stock rises 26%After last week's 26% share price gain to JP¥371, the stock trades at a trailing P/E ratio of 7.8x. Average trailing P/E is 14x in the Specialty Retail industry in Japan. Total returns to shareholders of 78% over the past three years.
お知らせ • May 14Vt Holdings Co.,Ltd. (TSE:7593) proposed to acquire remaining minority stake in Trust Co., Ltd. (TSE:3347) from group of shareholders for ¥2.95 billion.Vt Holdings Co.,Ltd. (TSE:7593) proposed to acquire remaining 27.80% stake in Trust Co., Ltd. (TSE:3347) from group of shareholders for ¥2.95 billion on May 14, 2025. A cash consideration of ¥2.95 billion valued at ¥410 per share will be paid by Vt Holdings Co.,Ltd. As part of consideration, ¥2.95 billion is paid towards common equity of Trust Co., Ltd. Upon completion, Vt Holdings Co.,Ltd. will own 100% stake in Trust Co., Ltd. The Settlement will start on July 18, 2025. AGS FAS acted as financial advisor and fairness provider Offeror and the Target and Kitahama Partners acted as a legal advisor to Trust Co. Tokai Tokyo Securities Co., Ltd. acted as financial advisor to the Offeror.
お知らせ • May 01Trust Co., Ltd. to Report Fiscal Year 2025 Results on May 14, 2025Trust Co., Ltd. announced that they will report fiscal year 2025 results on May 14, 2025
Upcoming Dividend • Mar 21Upcoming dividend of JP¥3.00 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 06 June 2025. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.5%).
Reported Earnings • Feb 12Third quarter 2025 earnings released: EPS: JP¥11.44 (vs JP¥5.87 in 3Q 2024)Third quarter 2025 results: EPS: JP¥11.44 (up from JP¥5.87 in 3Q 2024). Revenue: JP¥12.2b (up 18% from 3Q 2024). Net income: JP¥296.0m (up 95% from 3Q 2024). Profit margin: 2.4% (up from 1.5% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Jan 17Trust Co., Ltd. to Report Q3, 2025 Results on Feb 10, 2025Trust Co., Ltd. announced that they will report Q3, 2025 results on Feb 10, 2025
New Risk • Dec 29New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.9% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (4.9% increase in shares outstanding). Market cap is less than US$100m (JP¥7.61b market cap, or US$48.2m).
分析記事 • Nov 20Trust's (TSE:3347) Solid Earnings Are Supported By Other Strong FactorsTrust Co., Ltd. ( TSE:3347 ) just reported healthy earnings but the stock price didn't move much. We think that...
Reported Earnings • Nov 14Second quarter 2025 earnings released: EPS: JP¥9.08 (vs JP¥12.87 in 2Q 2024)Second quarter 2025 results: EPS: JP¥9.08 (down from JP¥12.87 in 2Q 2024). Revenue: JP¥12.3b (up 23% from 2Q 2024). Net income: JP¥235.0m (down 29% from 2Q 2024). Profit margin: 1.9% (down from 3.3% 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 13% per year whereas the company’s share price has increased by 9% per year.
お知らせ • Oct 01Trust Co., Ltd. to Report Q2, 2025 Results on Nov 11, 2024Trust Co., Ltd. announced that they will report Q2, 2025 results on Nov 11, 2024
Upcoming Dividend • Sep 20Upcoming dividend of JP¥3.00 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 09 December 2024. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.4%).
Reported Earnings • Aug 09First quarter 2025 earnings released: EPS: JP¥13.68 (vs JP¥10.78 in 1Q 2024)First quarter 2025 results: EPS: JP¥13.68 (up from JP¥10.78 in 1Q 2024). Revenue: JP¥11.7b (up 25% from 1Q 2024). Net income: JP¥354.0m (up 27% from 1Q 2024). Profit margin: 3.0% (in line with 1Q 2024). 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 6% per year, which means it is significantly lagging earnings growth.
分析記事 • Aug 06It's Down 30% But Trust Co., Ltd. (TSE:3347) Could Be Riskier Than It LooksTrust Co., Ltd. ( TSE:3347 ) shareholders that were waiting for something to happen have been dealt a blow with a 30...
New Risk • Aug 05New 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 7.7% 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 Risk Share price has been highly volatile over the past 3 months (7.7% 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¥5.41b market cap, or US$38.0m).
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 30%After last week's 30% share price decline to JP¥209, the stock trades at a trailing P/E ratio of 4.9x. Average trailing P/E is 13x in the Specialty Retail industry in Japan. Total returns to shareholders of 4.0% over the past three years.
お知らせ • Jun 28Trust Co., Ltd. to Report Q1, 2025 Results on Aug 08, 2024Trust Co., Ltd. announced that they will report Q1, 2025 results on Aug 08, 2024
分析記事 • May 22There May Be Reason For Hope In Trust's (TSE:3347) Disappointing EarningsInvestors were disappointed with the weak earnings posted by Trust Co., Ltd. ( TSE:3347 ). While the headline numbers...
Reported Earnings • May 19Full year 2024 earnings released: EPS: JP¥43.05 (vs JP¥48.15 in FY 2023)Full year 2024 results: EPS: JP¥43.05 (down from JP¥48.15 in FY 2023). Revenue: JP¥41.1b (up 20% from FY 2023). Net income: JP¥1.11b (down 11% from FY 2023). Profit margin: 2.7% (down from 3.6% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.
お知らせ • May 16Trust Co., Ltd., Annual General Meeting, Jun 21, 2024Trust Co., Ltd., Annual General Meeting, Jun 21, 2024.
お知らせ • Apr 20Trust Co., Ltd. to Report Fiscal Year 2024 Results on May 14, 2024Trust Co., Ltd. announced that they will report fiscal year 2024 results on May 14, 2024
Upcoming Dividend • Mar 21Upcoming dividend of JP¥3.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 07 June 2024. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.3%).
Reported Earnings • Feb 15Third quarter 2024 earnings released: EPS: JP¥5.87 (vs JP¥2.59 loss in 3Q 2023)Third quarter 2024 results: EPS: JP¥5.87 (up from JP¥2.59 loss in 3Q 2023). Revenue: JP¥10.4b (up 47% from 3Q 2023). Net income: JP¥152.0m (up JP¥219.0m from 3Q 2023). Profit margin: 1.5% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.
New Risk • Feb 01New 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: Minor Risks High level of debt (44% net debt to equity). Share price has been volatile over the past 3 months (5.5% average weekly change). Profit margins are more than 30% lower than last year (2.3% net profit margin). Market cap is less than US$100m (JP¥7.80b market cap, or US$53.1m).
お知らせ • Jan 06Trust Co., Ltd. to Report Q3, 2024 Results on Feb 13, 2024Trust Co., Ltd. announced that they will report Q3, 2024 results on Feb 13, 2024
Reported Earnings • Nov 16Second quarter 2024 earnings released: EPS: JP¥12.87 (vs JP¥16.58 in 2Q 2023)Second quarter 2024 results: EPS: JP¥12.87 (down from JP¥16.58 in 2Q 2023). Revenue: JP¥10.1b (up 12% from 2Q 2023). Net income: JP¥333.0m (down 22% from 2Q 2023). Profit margin: 3.3% (down from 4.8% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.
お知らせ • Sep 28Trust Co., Ltd. to Report Q2, 2024 Results on Nov 13, 2023Trust Co., Ltd. announced that they will report Q2, 2024 results on Nov 13, 2023
Upcoming Dividend • Sep 21Upcoming dividend of JP¥3.00 per share at 2.3% yieldEligible shareholders must have bought the stock before 28 September 2023. Payment date: 08 December 2023. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.4%).
New Risk • Aug 11New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.7% Last year net profit margin: 4.4% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks High level of debt (47% net debt to equity). 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 (2.7% net profit margin). Market cap is less than US$100m (JP¥6.91b market cap, or US$47.7m).
Reported Earnings • Aug 10First quarter 2024 earnings released: EPS: JP¥10.78 (vs JP¥23.30 in 1Q 2023)First quarter 2024 results: EPS: JP¥10.78 (down from JP¥23.30 in 1Q 2023). Revenue: JP¥9.34b (up 4.3% from 1Q 2023). Net income: JP¥279.0m (down 54% from 1Q 2023). Profit margin: 3.0% (down from 6.7% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.
お知らせ • Jun 28Trust Co., Ltd. to Report Q1, 2024 Results on Aug 09, 2023Trust Co., Ltd. announced that they will report Q1, 2024 results on Aug 09, 2023
Reported Earnings • May 14Full year 2023 earnings released: EPS: JP¥48.15 (vs JP¥31.96 in FY 2022)Full year 2023 results: EPS: JP¥48.15 (up from JP¥31.96 in FY 2022). Revenue: JP¥34.3b (up 24% from FY 2022). Net income: JP¥1.25b (up 51% from FY 2022). Profit margin: 3.6% (up from 3.0% in FY 2022). 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 20% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥2.00 per share at 2.9% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 08 June 2023. Payout ratio is a comfortable 3.9% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.5%).
Reported Earnings • Feb 15Third quarter 2023 earnings released: JP¥2.59 loss per share (vs JP¥9.16 profit in 3Q 2022)Third quarter 2023 results: JP¥2.59 loss per share (down from JP¥9.16 profit in 3Q 2022). Revenue: JP¥7.10b (up 8.1% from 3Q 2022). Net loss: JP¥67.0m (down 128% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.
お知らせ • Jan 11Trust Co., Ltd. to Report Q3, 2023 Results on Feb 13, 2023Trust Co., Ltd. announced that they will report Q3, 2023 results on Feb 13, 2023
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent External Director Minoru Takeuchi was the last independent director to join the board, commencing their role in 2015. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Nov 13Second quarter 2023 earnings released: EPS: JP¥16.58 (vs JP¥5.87 in 2Q 2022)Second quarter 2023 results: EPS: JP¥16.58 (up from JP¥5.87 in 2Q 2022). Revenue: JP¥9.00b (up 41% from 2Q 2022). Net income: JP¥429.0m (up 182% from 2Q 2022). Profit margin: 4.8% (up from 2.4% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Sep 22Upcoming dividend of JP¥2.00 per shareEligible shareholders must have bought the stock before 29 September 2022. Payment date: 08 December 2022. Payout ratio is a comfortable 7.7% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (1.5%).
お知らせ • Aug 28Trust Co., Ltd. to Report Q2, 2023 Results on Nov 11, 2022Trust Co., Ltd. announced that they will report Q2, 2023 results on Nov 11, 2022
Reported Earnings • Aug 12First quarter 2023 earnings released: EPS: JP¥23.30 (vs JP¥3.52 in 1Q 2022)First quarter 2023 results: EPS: JP¥23.30 (up from JP¥3.52 in 1Q 2022). Revenue: JP¥8.96b (up 52% from 1Q 2022). Net income: JP¥603.0m (up JP¥512.0m from 1Q 2022). Profit margin: 6.7% (up from 1.5% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.
お知らせ • Jun 29Trust Co., Ltd. to Report Q1, 2023 Results on Aug 10, 2022Trust Co., Ltd. announced that they will report Q1, 2023 results on Aug 10, 2022
Reported Earnings • May 15Full year 2022 earnings released: EPS: JP¥31.96 (vs JP¥1.89 in FY 2021)Full year 2022 results: EPS: JP¥31.96 (up from JP¥1.89 in FY 2021). Revenue: JP¥27.6b (up 38% from FY 2021). Net income: JP¥827.0m (up JP¥778.0m from FY 2021). Profit margin: 3.0% (up from 0.2% in FY 2021). The increase in margin was driven by higher revenue. 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 4% per year, which means it is significantly lagging earnings growth.
お知らせ • May 14Trust Co., Ltd., Annual General Meeting, Jun 23, 2022Trust Co., Ltd., Annual General Meeting, Jun 23, 2022.
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent External Director Minoru Takeuchi was the last independent director to join the board, commencing their role in 2015. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Apr 14Trust Co., Ltd. to Report Fiscal Year 2022 Results on May 12, 2022Trust Co., Ltd. announced that they will report fiscal year 2022 results on May 12, 2022
Upcoming Dividend • Mar 23Upcoming dividend of JP¥2.00 per shareEligible shareholders must have bought the stock before 30 March 2022. Payment date: 09 June 2022. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.6%).
Reported Earnings • Feb 12Third quarter 2022 earnings: Revenues and EPS in line with analyst expectationsThird quarter 2022 results: EPS: JP¥9.16 (up from JP¥2.71 in 3Q 2021). Revenue: JP¥6.57b (up 28% from 3Q 2021). Net income: JP¥237.0m (up 239% from 3Q 2021). Profit margin: 3.6% (up from 1.4% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
Reported Earnings • Nov 13Second quarter 2022 earnings released: EPS JP¥5.87 (vs JP¥4.75 in 2Q 2021)The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2022 results: Revenue: JP¥6.38b (up 30% from 2Q 2021). Net income: JP¥152.0m (up 24% from 2Q 2021). Profit margin: 2.4% (down from 2.5% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
Upcoming Dividend • Sep 22Upcoming dividend of JP¥2.00 per shareEligible shareholders must have bought the stock before 29 September 2021. Payment date: 07 December 2021. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (1.3%).
Reported Earnings • Aug 13First quarter 2022 earnings released: EPS JP¥3.52 (vs JP¥6.88 loss in 1Q 2021)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥5.89b (up 59% from 1Q 2021). Net income: JP¥91.0m (up JP¥269.0m from 1Q 2021). Profit margin: 1.5% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. 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 6% per year, which means it has not declined as severely as earnings.
Reported Earnings • May 16Full year 2021 earnings released: EPS JP¥1.89 (vs JP¥13.53 in FY 2020)The company reported a poor full year result with weaker earnings and profit margins, although revenues were flat. Full year 2021 results: Revenue: JP¥20.1b (flat on FY 2020). Net income: JP¥49.0m (down 86% from FY 2020). Profit margin: 0.2% (down from 1.7% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥2.00 per shareEligible shareholders must have bought the stock before 30 March 2021. Payment date: 10 June 2021. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.1%).
Is New 90 Day High Low • Mar 10New 90-day high: JP¥168The company is up 10.0% from its price of JP¥153 on 10 December 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 4.0% over the same period.
Reported Earnings • Feb 12Third quarter 2021 earnings released: EPS JP¥2.71 (vs JP¥4.95 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥5.12b (down 1.1% from 3Q 2020). Net income: JP¥70.0m (down 45% from 3Q 2020). Profit margin: 1.4% (down from 2.5% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings.
Is New 90 Day High Low • Feb 10New 90-day high: JP¥164The company is up 1.0% from its price of JP¥163 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 Specialty Retail industry, which is up 9.0% over the same period.
お知らせ • Jan 07Trust Co., Ltd. to Report Q3, 2021 Results on Feb 10, 2021Trust Co., Ltd. announced that they will report Q3, 2021 results on Feb 10, 2021
Is New 90 Day High Low • Dec 25New 90-day low: JP¥147The company is down 16% from its price of JP¥174 on 25 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Specialty Retail industry, which is up 11% over the same period.
Is New 90 Day High Low • Dec 04New 90-day low: JP¥148The company is down 14% from its price of JP¥172 on 04 September 2020. The Japanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Specialty Retail industry, which is up 14% over the same period.
お知らせ • Oct 14Trust Co., Ltd. to Report Q2, 2021 Results on Nov 12, 2020Trust Co., Ltd. announced that they will report Q2, 2021 results on Nov 12, 2020
お知らせ • Aug 04Trust Co., Ltd. to Report Q1, 2021 Results on Aug 07, 2020Trust Co., Ltd. announced that they will report Q1, 2021 results on Aug 07, 2020